Markets – SELL!

LABU Call

Sold 1 LABU May 14 2021 67.0 Call at $0.52.
Selling against the top end of my Put ladder for this week.

MNMD lottery ticket

#LongStock – Bought shares as a lottery ticket. At 3 bucks it’s like a call option that never expires. Whiz is big on this for PTSD and suicide prevention for veterans. Definite lottery though!

SPX trades

#SPX7dteLong Sold to close $SPX May 12th 4175/4195 call spreads for 3.70. Condors bought for 16.45 last Thursday. Saving put side for later today or tomorrow, as I believe we are entering a correction.

SPX

BTO $SPX 5/14 5/17 4150 calendar for 5.30. Should be profitable as long as the market chops around in this 100 point range by Friday. max potential 4x.

TQQQ TSLA

#ShortPuts – Kind of a slow week mostly waiting and watching with current positions. Still one small add and a roll.

TQQQ: Starting new June position. Still holding May.
Sold TQQQ JUN 18 2021 70.0 Put @ 2.50

TSLA: Rolling put side of strangle out and down. Will continue call selling against it.
Rolled TSLA MAY 21 2021 550.0 Put to JUN 18 2021 475.0 Put @ .85 debit

TQQQ,

STO June 25, 60 put at 1.30

TQQQ June

Sold $TQQQ Jun 18 65 put @ 1.80

TSLA

BTO $TSLA May-28 670 / May-14 680 call diagonal for $10

SPX BWB

BTO $SPX May-19-21 3950/3980/3890 BWB for 1.1 credit.

VXX – a few more calls

Sold VXX May 14 2021 42.0 Calls at $1.33
Sold VXX1 May 14 2021 10.5 Calls(adj) at $0.29 – so not as good as the post split order.

Upside Warning es finito

#VIXIndicator In premarket, $VIX has gone higher and ended the Upside Warning, which lasted 57 days and took us from SPX 3898 to peak of 4238. Falling prices and higher volatility are likely for coming days or weeks.

VXX Calls at the close

Sold VXX1 May 14 2021 10.0(adj) Calls at $0.19 just as the market closed.
Strike is equal to 40.0 on the post split stock

TSLA

STO TSLA May21’21 500 PUT @3.11

VXX Calls

DJIA up – SP500($SPY) up – NASDAQ (QQQ, TQQQ) down big
VIX up 11%

Some of these were earlier in the day. Prices are better now:
Sold VXX May 14 2021 40 Diagonal Calls at $0.56
Sold VXX May 14 2021 41 Diagonal Calls at $0.42
Sold VXX May 28 2021 46.0 Covered Calls at $0.95, $0.96 & $1.20
Sold VXX Jun 04 2021 46.0 Covered Call at $1.41
Sold VXX Jul 16 2021 46.0 Covered Call at $3.85

SPX trades

#SPX7dteLong Bought to Open $SPX May 14th 4205/4225-4235/4255 iron condors for 15.30, with SPX at 4231.

#spx1dte

TSLA July

Sold to open $TSLA 7/16 400 put @ 5.64

DOGECOIN

For those that didn’t see this

#tqqq STO TQQQ 14 MAY…

#tqqq

STO TQQQ 14 MAY 93.5 PUT @1.17

NVDA PINS SNOW SPOT TSLA TWTR

#ShortPuts #CoveredCalls – A little bit of everything.

NVDA: Pre-earnings. Dodged a bullet with ROKU in this account so replacing with this. Week before earnings.
Sold NVDA MAY 21 2021 550.0 Put @ 4.30

PINS: Covered call roll down for additional credit.
Rolled PINS MAY 21 2021 65.0 Calls to MAY 21 2021 60.0 Calls @ 1.05 credit (2.57 total now)

SNOW: Rolling call side down to a short straddle. Week before earnings.
Rolled SNOW MAY 21 2021 240.0 Call to MAY 21 2021 217.5 Call @ 1.40 credit (217.5 straddle @ 7.40 now)

SPOT: Covered Calls should have done this Friday.
Sold SPOT MAY 21 2021 240.0 Call @ 5.00

TSLA: Rolling call side out a week setting up a short strangle.
Rolled TSLA MAY 14 2021 760.0 Call to MAY 21 2021 750.0 Call @ 2.08 credit (550/750 strangle @ 7.18 now)

TWTR: Covered Calls should have done this on Friday.
Sold TWTR MAY 21 2021 54.0 Calls @ 1.05

SQQQ Calls

Sold SQQQ May 14 2021 12.0 Covered Call at $0.23.
Sold SQQQ May 21 2021 13.0 Diagonal Call at $0.20.
Replacing short calls that expired Friday.

#optionladder

PINS ROKU SPOT TWTR and Options Expiration

#CoveredCalls #BigLizards #OptionsExpiration – Tied up with a lot of non market stuff this week but did manage a couple trades as well as letting a few go the distance.

Bought to Close ROKU MAY 7 2021 320/320.0/327.5 Big Lizard @ 4.30 (sold for 8.35)

Expired:

PINS 67 Calls (sold for 1.90)
ROKU 325 Call (sold for 27.50)
SPOT 252/310 Bear Call Spread (sold for 8.35)
TWTR 55/70 Bear Call Spreads (sold for 2.21)

VXX Long Puts sold

Sold to close VXX1 JUN 18 2021 $10 Puts (ADJ) @ 1.51.
Purchased on May 07 2020 @ $0.94 and I’ve been writing against it weekly for almost a year.
And this was my highest cost lot.
I have two more lots @ 0.79 & 0.50
#VXXContango

OptionsExpiration

*Expired*
LABU 05/07/2021 100/85 Bear Call Spread
SQQQ 05/07/2021 11.50 Covered Call
SQQQ 05/07/2021 12.00 Diagonal Call
TLRY 05/07/2021 32.0/25.0 Bear Call Spreads
VXX1 05/07/2021 10.50(adj) Covered Calls
VXX1 05/07/2021 11.00(adj) Covered Call
VXX1 05/07/2021 11.50(adj) Covered Calls
VXX1 05/07/2021 26.0/15.0(adj) Bear Call Spreads
VXX 05/07/2021 41.0 Covered Calls
LABU 05/07/2021 50/63 Bull Put Spread
WFC 05/07/2021 30.0/44.50 Bull Put Spreads

*Assignments*
SLB 05/07/2021 29.50 Covered Calls

Everything else was rolled out a week.

LABU Put

I re-sold the LABU 05/07/2021 63.0 Put @ 0.45 that I covered early this morning @ 0.32 after the stock spent all day on the upside.
It now looks like it will expire.

VXX Put Roll

Bought to close VXX May 07 2021 37.5 Puts / Sold to Open VXX May 14 2021 36.0 Puts at $0.13 Credit.
Sold against long July 25.0 Puts already in the account.
#VXXContango

SPX trades

#SPX1dte Sold to Open $SPX May 10th 4155/4175-4275/4295 iron condors for 1.05, SPX at 4234, IV 8%, deltas -.07 +.08

Today’s closing to follow in comments.

Final LABU Put rolled

Bought to close 1 LABU May 07 2021 63.0 Put at $0.32. Sold this at $1.30 earlier this week.

Sold to Open 1 LABU May 14 2021 60.0 Put at $1.62

#tqqq BTC TQQQ 7 MAY…

#tqqq
BTC TQQQ 7 MAY 94.5 PUT @.02./had sto @ 1.20

LABU Puts Rolled (too early)

Rolled short LABU 05/07/2021 69.0 Put to next week’s 67.0 Put for a 0.10 Credit
Rolled short LABU 05/07/2021 67.0 Put to next week’s 65.0 Put for a 0.26 Credit
Rolled short LABU 05/07/2021 65.0 Put to next week’s 62.0 Put for a 0.20 Credit.

I still have a 63.0 Put for this week to deal with and a short 85.0 Call that will expire.

April Jobs Report

#Jobs — Way way below expectations; much lower than March’s blowout

Gain of +266,000 non-farm payroll jobs, vs. expected gain of 1M
Unemployment at 6.1%, up by 0.1
U6 unemployment at 10.4%, down by 0.3
Labor force participation 61.7%, up by 0.2

March revised down by -146K to +770K
Feb jobs revised up by +68K to +536K

PTON

Jun/ May-07 80 put calendar @3.06, opened when $PTON was at 88. My original plan was to roll the weekly short leg and keep collection theta….

but I didn’t think it would get to 80 today, and I did some adjustment right before the close (chickened out?), took half off @4.7 (53%), and for the 2nd half, rolled long June 80 puts to May-14th, for 3.07 credit. That got my cost covered, and left with a “free” May 14/May 7 80 calendar.

With PTON taking a $10 swing after the hour, it would anyone’s guess where it will be tomorrow.

Still have the 60 put calendar.

SPX trades

#SPX1dte Sold to Open $SPX May 7th 4110/4130-4225/4245 iron condors for 1.20, SPX at 4188, IV 11.7%, deltas -.07, +.08

#SPX7dteLong Earlier: Bought to Open $SPX May 12th 4145/4165-4175/4195 iron condors for 16.45, with SPX at 4170.

TQQQ, STO June 18, 65…

TQQQ, STO June 18, 65 put at 1.31

TQQQ,

STO June 18, 115 calls at 2.55
MSFT, STO May 21, 252.5 covered calls at 2.55, My 257.5 calls will expire tomorrow or I will cover them at .02 cents

TQQQ,

BTC May 7, 75 puts at .02, sold at 1.15, just freeing up margin because this market feels really bad.

COIN

Added another share at 270. Stalking 260 next.
#SmallIRA

LABU

Sold 1 LABU May 07 2021 63.0 Diagonal Put at $1.30
#OnlySpreads

VXX Adjusments

The VIX/VXX rally seems to be over ( it never seems to last more than 1 day).

Rolled down my May 7th 16.0(adj) and 15.50(adj) short calls to 05/07/2021 10.50(adj) short calls for an additional $0.15 Credit.

Also sold some 05/072021 37.50 short puts @ 0.21 and 0.25 to go with my currently short 05/07/2012 41.0 short calls turning hem into short 37.50/41.00 strangles.

Used the cash to buy some additional July 25.00 Puts @ $0.19
#VXContango

PTON

BTO Jun/ May-07 80 put calendar @3.06.

Plan is to roll the weekly short leg, and take half off when 100% profit is reached.

ROKU Earnings

#JadeLizards – In an IRA so I have to spread these. For more downside protection selling the call side right on top of the short put to set up the Jade Lizard. Still no upside risk.

Sold ROKU MAY 7 2021 320.0/327.5 Bear Call Spread @ 2.65

Position for earnings is now 320/320/327.5 Jade Lizard @ 8.35

Is this a Jade Straddle? 🙂 🙂

TSLA

#ShortPuts #ShortCalls – Selling against a May 21st 550.0 strike short put.

Sold TSLA MAY 14 2021 760.0 Call @ 2.38

SNOW pre earnings

#ShortStrangles – Turning the short put into a short strangle. Should be an easy adjustment if needed with earnings the following week.

Sold SNOW MAY 21 2021 240.0 Call @ 2.60

Now a 217.5/240.0 Strangle @ 6.00

ROKU Earnings

#CoveredCalls – Rolling down for additional premium. Still selling slightly under my basis with the market looking weak. Earnings after the close tomorrow.

Rolled ROKU MAY 7 2021 350.0 Call to MAY 7 2021 325.0 Call @ 6.25 credit (27.50 total now)

PINS

#CoveredCalls – Stop set on this week’s sales. Adding more a couple weeks out.

Sold PINS MAY 21 2021 65.0 Calls @ 1.52

#tqqq STO TQQQ 11 JUN…

#tqqq
STO TQQQ 11 JUN 70 PUT @1.70 NYSE

LABU

#ShortPuts – Adding…

Sold LABU MAY 21 2021 60.0 Put @ 3.00

TQQQ, in my IRA,

STO May 28, 75 put at 1.22
STO June 4, 70 put at 1.07
STO, June 18, 65 put at 1.29

SOXL

#ShortPuts – I’ll be out most of the week. Did have a couple standing orders fill. Aggressively adding to a ladder.

Sold SOXL MAY 21 2021 35.0 Put @ 4.00
Sold SOXL MAY 21 2021 36.0 Put @ 4.00

TQQQ,

STO June 11, 70 put at 1.59

SQQQ

Sold 1 SQQQ 05/21/2021 14.0 Covered Call @ 0.26
#SmallIRA

#tqqq SOLD TQQQ 7 MAY…

#tqqq

STO TQQQ 7 MAY 94.5 PUT @1.20 NYSE

COIN

Added another share at 280. Stalking 270 next.
#SmallIRA

TQQQ,

STO May 28, 115 call at 1.50

LABU

Sold 1 LABU May 07 2021 67.0 Diagonal Put @ $1.60.
#OnlySpreads

VXX Option Ladder

Sold these covered calls:
VXX May 21 2021 46.0 Call at $1.76 & $2.06
VXX May 28 2021 46.0 Call at $2.29
VXX Jun 04 2021 46.0 Call at $2.74
VXX Jun 11 2021 46.0 Call at $3.40
Replaces the old pre-split calls that expired Friday

CC on CVS Working out so far….

https://coveredcallswithjeff.wordpress.com/2021/05/03/covered-call-on-cvs-positive-contribution-from-stock-option-premiums-and-dividend-unrealized-profit-of-1098-5-1-return-in-49-days-or-37-8-annualized/

#coveredcalls

VXX

#VXXContango trade – a really long one
Bought to Open 1 VXX Jan 20 2023 5.0 Put at $0.15.
627 DTE (Days to Expiration)
Bought to Open 2 VXX Jun 16 2023 5.0 Puts at $0.27.
774 DTE (Days to Expiration)
VXX at 38.70.

These are “after the split” strikes

MSFT,

Last week I bought some MSFT shares at 255.30 and sold the May 7, 257.5 calls at 1.60

TLRY

Sold TLRY May 07 2021 16.5 Diagonal Puts at $0.29.
This creates a 16.50/25.0 short strangle for this week.
Total Premium $0.42 each strangle

SLB

Sold SLB 05/07/2021 29.50 Covered Calls @ $0.13.
Sold SLB 05/21/2021 30.0 Diagonal Calls @ $0.32

AG MGM TQQQ

#coveredcalls
$AG STO 5/7 16 call at .40
$MGM STO 5/7 42 call at .35
$TQQQ STO 5/7 110 call at 1.75

SPX 7-dte

#SPX7dteLong Sold to close $SPX May 3rd 4185/4165 put spreads for 1.65. Looking for bullish close to profit on call side. Condors bought for 15.65 last Tuesday.

#tqqq Friday at close to…

#tqqq

Friday at close to close

Btc TQQQ 30 APR 106.5 PUT @.09/sto@ $1.44
Btc TQQQ 30 APR 105 PUT @.06 sto@$1.05

Options Expiration Assignments

#optionsexpiration
$MGM 44 call
AG 17.5 call
TQQQ 113 call
$BLNK 39.5 call
$MRVL 48 call
$WYNN 130 call
$NVDA 620 call
$SPX 1 DTE

#assignment
$REGN 500 put
$MARA 52.50 put
$PENN 108 put

Trying to counter Lumber prices!

https://coveredcallswithjeff.wordpress.com/2021/05/01/lumber-prices-are-ridiculous-cc-on-wy-weyhauser-can-we-make-enough-on-the-cc-to-offset-some-of-inflated-lumber-prices-on-reno/

#coveredcalls

OptionsExpiration

LABU 04/30/2021 87.5 Diagonal Call
LABU 04/30/2021 85.0 Diagonal Call
TLRY 04/30/2021 19.0 Diagonal Calls
TQQQ 04/30/2021 115.0 Diagonal Call
VXX 04/30/2021 10.5 Covered Calls
VXX 04/30/2021 11.0 Covered Calls
VXX 04/30/2021 11.5 Covered Calls
VXX 04/30/2021 12.0 Covered Calls
VXX 04/30/2021 13.5 Covered Calls
VXX 04/30/2021 14.5 Covered Calls
WFC 04/30/2021 46.0 Diagonal Calls

Everything else rolled out

TQQQ,

STO May 21, 110 call at 4.25

TQQQ,

It looks like I will be assigned the 110 puts based on the price today. My cost will be 106.50 so I may sell the 110 call for May 14 before the close.

SOXL,

STO November 19, 20 puts at 2.00, I think it would be a good purchase at that level.

TQQQ,

STO June 4, 80 put at 1.40

SPOT TWTR

#CoveredCalls – These will be covered after today. In an IRA so have to spread the call sales for now. Going for max downside protection selling slightly below basis.

Sold SPOT MAY 7 2021 252.5/310.0 Bear Call Spread @ 8.35

Sold TWTR MAY 7 2021 55.0/70 Bear Call Spreads @ 2.21

OSTK Put Close / O Puts

#shortputs
$OSTK BTC 5/7 60 put at .20. STO at 1.90. Thank you @fuzzballl
$O STO 5/21 67.50 put at 1.00

PINS

#CoveredCalls – These will be covered after today. Selling right at breakeven.

Sold PINS MAY 7 2021 67.0 Calls @ 1.90

TQQQ,

STO, May 14, 95 put at 1.45 for a small trade. We have been trading between 105 and 112 for the last 15 trading days and the volume on the down days is greater than the up days so I am being cautious.