2 Wins, 3 Losses, +$1,084

September 16th, 2016 Option Expiration

I closed out 5 positions on Friday; only 2 winners from this batch. However, total P&L was up $1,084. A nice gain in LOW; turned $150 into $1,500!

TradeOpenDaysP&L
DB Long Put11-Aug-1636-150
LOW Long Put11-Aug-16361050
FIT Long Call11-Aug-1636-126
GT Long Call18-Aug-1629450
NUAN Long Put18-Aug-1629-140

LOW Long 3 Sep16 $75 Puts

LOW Chart at Option Expiration

StockLOW
PositionLong Puts
Trade Length36 Days
Capital$150.00
P&L$1050.00

Trade Open: 11th August

LOW Chart for the 11th August

LOW was top of the volume list from the Option Scanner with 11,201 going through the $75 put options. Existing option interest of only 812. If you take a look at the screen grab of the options below you'll see that the $80 put also showed significant interest; trading 11,080 over 460. Not much else trading in the other strikes and they have an earnings announcement out on the 17th August.

Option Scanner Results for 10th August

Option Scans for 10th August

Option Chain for 10th August

Option Prices for 10th August

DB Long 5 $13 Sep19 Puts

DB Chart at Option Expiration

StockDB
PositionLong Puts
Trade Length36 Days
Capital$150.00
P&L-$150.00

Trade Open: 11th August

DB Chart for the 11th August

Not that convinced about this one but I took it anyway. 5k in $13 puts traded over 900 in open interest. Not all that convincing in terms of volume but there is some decent interest in the puts generally. Plus, I like the look of the chart in terms of the stock making a retracement to the downside.

Option Scanner Results for 10th August

Option Scans for 10th August

Option Chain for 10th August

Option Prices for 10th August

FIT Long 2 Sep19 $16 Calls

FIT Chart at Option Expiration

StockFIT
PositionLong Calls
Trade Length36 Days
Capital$144.00
P&L-$126.00

Trade Open: 11th August

FIT Chart for the 11th August

Heavy volumes going through both the $15 and $16 call options. Almost double the existing open interest on those strikes and thin volumes on the put side.

Option Scanner Results for 10th August

Option Scans for 10th August

Option Chain for 10th August

Option Prices for 10th August

GT Long 3 $30 Calls

GT Chart at Option Expiration

StockGT
PositionLong Calls
Trade Length29 Days
Capital$120.00
P&L$450.00

Trade Open: 18th August

GT Chart for the 18th August

12k over 17k for the $30 calls on Goodyear Tire and Rubber stock. Almost no action at all in the puts. Volatility is moderate and short term trend is up. Happy to be long this stock with some calls.

Option Scanner Results for 17th August

Option Scans for 17th August

Option Chain for 17th August

Option Prices for 17th August

NUAN Long 7 $14 Puts

NUAN Chart at Option Expiration

StockNUAN
PositionLong Puts
Trade Length29 Days
Capital$140.00
P&L-$140.00

Trade Open: 18th August

NUAN Chart for the 18th August

Strong downtrend with NUAN with 30k in $14 puts trading over 23k in open interest. On the call side for the September option series there is currently only 1.6k in open interest. Happy to be short this one.

Option Scanner Results for 17th August

Option Scans for 17th August

Option Chain for 17th August

Option Prices for 17th August

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