June 26 2015

New positions:
USO Jul10'15 0.21
USO Jul10'15 0.22
Sold VIP 5.13

P&L	Unrealized P&L	Contract	Cost Basis	Position	Market Value	Avg Price	Last	Change	% of Market Value	Implied  Vol. %	Theta	Delta
109	-865	NILSY	5261	250	4396	21.044	17.585	0.435	0.0874
-90	-547	SBRCY	10977	2000	10430	5.489	5.215	-0.045	0.2073
18	-180	SLV	9300	600	9120	15.5	15.09	-0.08	0.1812
-12	-169	SLV Jun26'15 16 PUT	-98	-3	-267	0.325	0.89	0.04	-0.0053
9	65	SLV Jul02'15 15 CALL	-134	-3	-69	0.445	0.23	-0.03	-0.0014	0.22906	-0.0146	0.5969
-6	35	SLV Jul02'15 15 PUT	-71	-3	-36	0.235	0.12	0.02	-0.0007	0.21681	-0.0137	-0.3984
6	20	SLV Jul17'15 15.5 CALL	-65	-3	-45	0.215	0.15	-0.02	-0.0009	0.21143	-0.0066	0.3121
24	300	USO	11713	600	12012	19.521	19.99	0.01	0.2387
30	83	USO Jun26'15 20 PUT	-92	-3	-9	0.305	0.03	-0.1	-0.0002
0	116	USO Jun26'15 20.5 CALL	-119	-3	-3	0.395	0.01	0	-0.0001
9	94	USO Jul02'15 20.5 CALL	-118	-3	-24	0.393	0.08	-0.03	-0.0005	0.25778	-0.0164	0.2164
-4	-4	USO Jul10'15 19.5 PUT	-62	-3	-66	0.205	0.22	0	-0.0013	0.26831	-0.0134	-0.3146
7	7	USO Jul10'15 20.5 CALL	-64	-3	-57	0.212	0.19	-0.02	-0.0011	0.25394	-0.0127	0.3071
-33		VIP		0			5.11	-0.05	0
67.00	-1,045.00		36,428.00		35,382.00				70.31%

Wendsday - June 24  Sold 3 Puts SLV Jul 14'15 0.22

Summary of the positions:

P&L	Unrealized P&L	Contract	Cost Basis	Position	Market Value	Avg Price	Last	Change	% of Market Value	Implied Vol. %	Theta	Delta
-109	-963	NILSY	5,261	250	4,298	21.04	17.19	-0.436	8.52%
-160	-457	SBRCY	10,977	2,000	10,520	5.49	5.26	-0.08	20.84%
36	-180	SLV	9,300	600	9,120	15.50	15.18	0.04	18.07%
18	-145	SLV Jun26'15 16 PUT	-98	-3	-243	0.33	0.81	-0.06	-0.48%	42.51%	-0.01	-0.95
-3	41	SLV Jul02'15 15 CALL	-134	-3	-93	0.45	0.31	0.01	-0.18%	22.81%	-0.01	0.66
12	32	SLV Jul02'15 15 PUT	-71	-3	-39	0.24	0.13	-0.04	-0.08%	24.15%	-0.01	-0.35
2	2	SLV Jul17'15 15.5 CALL	-65	-3	-63	0.22	0.21	0.01	-0.12%	21.95%	-0.01	0.37
-156	414	USO	11,713	600	12,126	19.52	20.21	-0.26	24.03%
-6	65	USO Jun26'15 20 PUT	-92	-3	-27	0.31	0.09	0.02	-0.05%	29.34%	-0.04	-0.31
39	95	USO Jun26'15 20.5 CALL	-119	-3	-24	0.40	0.08	-0.13	-0.05%	30.12%	-0.04	0.26
36	55	USO Jul02'15 20.5 CALL	-118	-3	-63	0.39	0.21	-0.12	-0.12%	28.00%	-0.02	0.37
-160	240	VIP	5,000	1,000	5,240	5.00	5.23	-0.17	10.38%
-451	-801		41,554		40,752				80.76%

Market direction - SDOW @21.46

Today around 3PM bought #230 shares of SDOW @21.46 SL @ 21.14
Reason: after ater raising first half of the day market turned lower. I expect it can gap lower tom morning.

Today options trades:
Today i made the following options trades:

1) Sold 3 Jan 16'15 $23 crude oil (USO) naked puts @ $0.71

Reason: while oil looks as a falling knife right now, there are mounting evidences that $60 can be a good support level. Also if i get assigned, i am not worried, because i expect that oil will rebound in next few months.

I keep this trade small, if USO get lower than $23 during next week i consider to add to this position at a lower strike.



2) Sold 3 Jan 9'15 $31.5 AT&T (T) naked puts @ $0.37

Reason: stock has a good div yield and has good support level around $32.

If i get assigned, i can sell calls to save the trade, or if can close to $31.5 level can cosider to roll down.


3) Bought 2 RSX Feb 20'15 $19 Call @ $0.4

Reason: speculative trade, based on few positive events that can help RSX to spike sharply in the next few weeks. First event - peace negotiations with Ukraine , take place on Dec 12. Second, Bank of Russia meeting on Dec 11, where the interest rates can be significantly raised, thus can strengthen Rubble and thus strengthen dollar denominated RSX



4) bought back 5 Jan 16 Silver (SLV) naked puts @ $0.08 i sold earlier
yearly this month i sold SLV options for about $0.40 , bought them back today

It looks like SLV is forming a bottom and can start raising anytime soon. I will consider to sell more naked puts on a weakness during the next few days

Market direction trade - short Dow (trade closed - loss $89.70 (1.82%)

Trade alert: Tomorrow morning, if market opens lower I will be buying SDOW (short DOW).
Reasons: High probability setup: Bollinger band squeeze, today was first down day after string of up-days and DOW touched upper bollinger band.   Also MACD and RSI are in oversold territory and pointing lower.
On a macro note, emerging markets are weak, oil 5 years low and dragging down energy stocks, all pointing out for a correction.
I will put a tight stop loss at $0.30 below my entry point.  And will be moving up my stop losses as my position progresses

Update SDOW trade

As discussed in my yesterday post, this morning around 10.30, i bought SDOW at $21.39 (Stop loss @ $21.00).
Unfortunately, DOW didnt keep dropping during the day as i expected and SDOW hit my SL in the afternoon. Trade closed. 

Result: loss .39/21.39=1.82%