SPX 1 DTE Expire

#spx1dte

$SPX 10/26 3350/3370/3550/3530 STO at .95

INTC

Strike 45 Puts are looking interesting

Hung in there

#SPX1dte Expired: 3370/3390-3530/3550 condors, sold Friday for 1.30. Don’t try that at home.

$ZM

up again today and reached $541 intraday before pulling back. But still amazing and now the PE is at 653 times!

TQQQ

STO November 13,170 call at 1.41

VXX Spreads

I’m done selling straight calls but adding some diagonal call spreads
Bought to Open VXX Jan 15 2021 65 Calls / Sold to Open VXX Oct 30 2020 24.5 Calls @ 0.07 Net Credit
Bought to Open VXX Jan 15 2021 60 Calls / Sold to Open VXX Oct 30 2020 24 Calls @ 0.07 Net Credit

Because some of my short calls and puts have the same strike, I’ve turned them into “Short Calendar Iron Butterfly Spreads”

#earnings CHGG Sold Nov. 20,…

#earnings CHGG

Sold Nov. 20, 70 put for 1.60, stock at 85.50
#tastytradefollow

SPY

#ShortPuts – Back in this for the first time in awhile. Starter position looking to sell short term calls against it. Well outside the expected move and below the 200ma.

Sold SPY DEC 18 2020 290.0 Put @ 3.45

NFLX Iron Condor

Sold 11/20 430/440/545/555 iron condor @ 2.80

BIIB

#ShortPuts – Thanks @Option Iceman for the heads up last week. Selling down near the Covid low. Prior to that this would be a 7 year low…

Sold BIIB NOV 06 2020 220.0 Put @ 5.10

TQQQ

#ShortPuts- First election week position…

Sold TQQQ NOV 6 2020 105.0 Put @ 2.35

SPX trades

#SPX7dte Bought to Open $SPX Oct 30th 3370/3390-3400/3420 iron condors for 17.60, with SPX at 3394.
Today’s put spread looks good to expire at max profit.

My one-day condor is in trouble. Looking for a bounce to exit the 3390/3370 short put spread. #SPX1dte

VXX

With these trades I’ve almost finished pairing up all my short puts, some of which are still in the money.
The VIX is up 13% so I’ll wait to see if the market finds a floor before doing more.
VXX 10/30/2020 26.00 Diagonal Calls @ 0.39
VXX 10/30/2020 25.50 Diagonal Calls @ 0.44
VXX 10/30/2020 25.00 Diagonal Calls @ 0.54
VXX 10/30/2020 24.50 Diagonal Call @ 0.64
VXX 10/30/2020 24.00 Diagonal Call @ 0.74

Also, this move is helping my SPY bear call spreads too.

ADS Covered Calls

Sold ADS Oct 30 2020 52 Calls @ 0.55

SPY early rolls

Bought to close SPY Oct 26 2020 336 Call / Sold to Open SPY Oct 28 2020 337 Call @ 0.02 Net Credit plus an extra point higher on the short strike
Bought to close SPY Oct 26 2020 337 Calls / Sold to Open SPY Oct 28 2020 338 Calls @ 0.06 Net Credit plus an extra point higher on the short strike.

No more expirations for today

VXX

With VXX @ 23 , I Sold the following, replacing similar calls that expired Friday.
VXX 10/30/2020 25.50 Diagonal Call @ 0.34
VXX 10/30/2020 25.00 Diagonal Call @ 0.39
VXX 10/30/2020 24.50 Diagonal Call @ 0.44
VXX 10/30/2020 24.00 Diagonal Call @ 0.54

Trade and Account activity Wk ending 10/23 – lots of diagonal down rolls….

https://coveredcallswithjeff.wordpress.com/2020/10/24/summary-of-account-activity-wk-ending-10-23-risk-and-margin-reduction-via-diagonal-roll-downs/

#coveredcalls-2

OptionsExpiration

Short positions Expired:
AAL 10/23/2020 13.50 Diagonal Calls
ADS 10/23/2020 53.00 Diagonal Calls
ADS 10/23/2020 54.00 Diagonal Calls
SPY 10/23/2020 346.00 Diagonal Calls – finally another one worked
VXX 10/23/2020 26.50 Diagonal Calls
VXX 10/23/2020 26.00 Diagonal Calls
VXX 10/23/2020 25.50 Diagonal Calls
VXX 10/23/2020 25.00 Diagonal Calls
VXX 10/23/2020 24.50 Diagonal Calls
WFC 10/22020 27.00 Covered Calls

VXX 10/23/2020 22.00 Diagonal Puts
WFC 10/22020 22.00 Diagonal Puts

Assignments:
WDC 10/23/2020 41.00 Covered Calls – finally out of the busted #Earnings play from Aug 05 when I sold the 40 puts and got assigned.

KSS SPY Rollups – Last Trades

Bought to Close KSS Oct 23 2020 23.0 Calls / Sold to Open KSS 10/30/020 23.5 Calls @ 0.07 Credit
Bought to Close SPY Oct 23 2020 344 Calls / Sold to Open SPY Oct 28 2020 346 Calls @ 1.02 Credit

Expirations

#optionsexpiration

$HAL 14 call
$NUGT 95 and 100 call
$NIO 30 call
$NVAX 100 call
$OSTK 67.5 put
$TDOC 212.50 put Thank you @fuzzballl for the last two
$NIO 26 put
$NVAX 89 put
$SPX 3345/3365/3545/3525 IC

Good stuff more than offset by poor risk management
$NFLX 10/23 510/550 BUCS total loss
$NFLX 10/23 520/530 BUPS total loss
$LULU 10/23 345/350 BUPS total loss

#assignment

$MRVL 43 put

SPX trades

#SPX1dte Sold to Open $SPX Oct 26th 3370/3390-3530/3550 iron condors for 1.30, SPX (close) at 3465, deltas -.07,+.06, IV 12.5%

Expired: Oct 23rd 3355/3375-3520/3540 condors, sold yesterday for 1.45.

#SPX7dte Unfortunate end to the day, put side expired worthless after selling call spread this morning for 5.60. Missed my chance to sell at lower levels midday…. it swung the wrong way for me after several good swings in the last couple weeks. Loss of 11.45.

SPX 1 DTE

#spx1dte
$SPX STO 10/26 3350/3370/3550/3530 at .95 Filled at the bell.

CMG BUPS Closed / NIO Puts Closed

#bups

$CMG BTC 10/23 1280/1290 BUPS at .10. STO at 3.86 on 10/13

#shortputs
$NIO BTC 10/23 27 puts ay .10. STO at 1.50. Other batch closed Tuesday at .50

VXX Put Rolls

Bought to close VXX 10/23/2020 22.5 Puts / Sold VXX 10/30/2020 21.5 Puts @ 0.07 Credit plus a full point lower strike price., which moved them out of the money for now.

I’ll either let my VXX 10/23/2020 22.0 Puts expire or try to cover them for a penny, depending how the last hour goes.

WBA

Sold WBA Oct 30 2020 39 Covered Call at $0.26 and @ 0.29 for next Friday

TDOC

#ShortPuts – Removing the last hour risk on the bounce. No new sales…earnings next week.

Bought to Close TDOC OCT 23 2020 212.5 Puts @ .10 (sold for 2.18 and 2.45)

BIIB

Another #FallingKnife candidate
Looking at puts to sell now

NVDA

#ShortPuts #ShortStrangles – The gift that keeps on giving. Earnings still 3 weeks away.

Bought to Close NVDA OCT 23 2020 530.0 Put @ .10 (sold for 3.40)
Sold NVDA OCT 30 2020 517.5 Put @ 3.35

Strangle adjustment rolling call side down…

Rolled NVDA OCT 30 2020 600.0 Call to OCT 30 2020 570.0 Call @ 1.68 credit (525/570 @ 12.45 now)

TQQQ

STO November 20, 95 put at 2.31

TQQQ

STO November 6, 105 put at 1.70
STO November 13, 100 put at 2.11

IIPR

STO November 20, 110 put at 2.24

SPY

Take a look at the difference between Nov. 2 and Nov. 4. Something must be happening.

TQQQ

BTC October 23, 135 puts at .58 to avoid possible assignment. Sold at 2.95

SPY Roll

Bought to close SPY Oct 23 2020 341 Call / Sold to Open SPY Oct 28 2020 343 Call @ $0.27 Credit plus a 2 point bump in the short strike.

Probably should have waited but a stimulus deal /no deal announcement would spike SPY one way or another

VXX Put Rolls

Buying more time – bringing in $cash

Bought to close VXX 10/23/2020 25.0 Puts / Sold VXX 10/30/2020 25.0 Puts @ 0.32 Credit

Bought to close VXX 10/23/2020 24.5 Puts / Sold VXX 10/30/2020 24.0 Puts @ 0.02 Credit plus a 0.50 lower strike.

Bought to close VXX 10/23/2020 23.5 Puts / Sold VXX 10/30/2020 23.0 Puts @ 0.14 Credit plus a 0.50 lower strike. (my largest position in VXX puts)

I have lots of short VXX calls expiring today too.

TQQQ PUT Closed

#shortputs

$TQQQ BTC 10/23 135 put at .80. STO at 2.91. Thank you @jsd501

KSS Roll

Bought to close KSS Oct 23 2020 22.0 Covered Calls/ Sold to Open KSS Oct 30 2020 22.5 Covered Calls at $0.20 Net Credit plus a 0.50 bump on the short strike price.

SPX 7-dte

#SPX7dteLong Opened the day in the Dead Zone on my $SPX Oct 23rd 3440/3460-3470/3490 condor, so need to attempt some fancy maneuvering. Condor bought for 17.05 on Monday.

Sold to close the call side for 5.70. So now I am very bearish going into the close. Bearish! Grrrrr.

VXX

Starting my call selling for next week.
Sold to open VXX Oct 30 2020 25.5 Calls at $0.32

PTON

Roll $PTON 110/120 #BuPS Oct-23-2020 // Oct-30-2020 @2.00 credit

ABT

STO ABT Oct 30 $111 Call Credit $1.31 to reestablish covered call yesterday

https://coveredcallswithjeff.wordpress.com/2020/10/23/follow-up-to-abt-post-on-10-21-about-buying-back-oct-23-107-calls/

#abt-2, #coveredcalls

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 23rd 3360/3380-3525/3545 iron condors for 1.45, SPX 3456, deltas -.07, +.06.

VXX Diagonal Puts

Bought to Open VXX Jan 15 2021 13 Puts / Sold to Open VXX Oct 30 2020 21 Puts at $0.22 Net Credit.
It’s certainly possible that the VIX structure collapses after the election, no matter what the result.

Some of my longer dated 2021 and 2022 excess long puts are starting to show a decent profit.
Plus. I’ve got a bunch of short calls for tomorrow

SPX 1 DTE

#spx1dte

$SPX STO 10/23 3345/3365/3545/3525 at 1.20

DOCU

#ShortPuts – Thanks @Ramie. Going fairly aggressive here but plenty of good volatility for rolls. Breakeven at the 100ma and earnings first week of Dec….

Sold DOCU OCT 30 2020 202.5 Put @ 2.45

TSCO PUT Rolled

#earnings #shortputs #Disappointed

$TSCO BTC 10/23 145 put and STO 10/30 144 put at .30 debit

SPX 7dte

#SPX7dte Bought to Open $SPX 3420/3440-3450/3470 condors for 17.20, with SPX at 3445.

WDC

Flipped a long call
Sold to close WDC Oct 30 2020 47.5 Calls @ 0.40.
These were the leftover long side hedge of a diagonal spread I put on 9/23
i.e. (Bought to Open WDC 10/30/2020 47.50 Calls / Sold 09/25/2020 40.50 Calls @ 0.12 Credit)
I have written against the long calls several more times since then.

Then … Sold to open WDC Oct 30 2020 47.5 Calls @ 0.41.
Sold these against another leftover long call (Nov 50’s).
The stock is only 42.90.
Pretty good premium for only 6 days.

DOCU Iron Condor

Sold $DOCU 11/20 180/190/250/260 iron condor @ 3.00. Short strikes both around 19 delta. Earnings not expected until after expiration. IV rank 32.

TQQQ

#ShortPuts – Adding one…two puts against one call now.

Sold TQQQ OCT 30 2020 120.0 Put @ 2.10

AAPL

#ShortPuts – I’ll take it here. Looking weak with earnings next week.

Bought to Close AAPL OCT 23 2020 115.0 Put @ .86 (sold for 1.30)

T

AT&T Earnings Were Good Enough to End a 10-Day Losing Streak.
T chart (2)

A TRADE:

WYNN BTO A stock starter position @75.72

OLED

#JadeLizards – Booking on the bounce. Earnings next week…

Bought to Close OLED OCT 23 2020 187.5/197.5/200.0 Jade Lizard @ .64 (sold for 2.55)

WYNN Sqeezing

WYNN Sqeezing

A TRADE:

LUV announced earnings this morning, lost more than estimated, up a point +.
LUV STO 10/23/20 41.5 CALLS @.36

#shortputs WBA Sold oct. 30,…

#shortputs WBA

Sold oct. 30, 35 put for .30, giving me a strangle with a 39 call. A lot of work to pick up the dividend in Sept.

TSLA Earnings

#ShortStrangles – Booking the earnings and adding a post earnings for next week.

Bought to Close TSLA OCT 23 2020 392.5/500.0 Strangle @ .80 (sold for 5.35)

Sold TSLA OCT 30 2020 395.0/495.0 Strangle @ 5.65)

ADBE

BTC $ADBE Oct-2302020 520/530 #BeCS @0.07 debit was STO @1.15 10/6.
(Roll) BTC $ADBE Oct-23-2020 480/490 #BuPS @3.10 Debit – was STO 10/6 @5.22
STO $ADBE Oct-30-2020 480/490 #BuPS @4.1 (so $1.00 credit on the roll)

Adjusting ABT Covered Call following earnings announcement…..logic and action taken

https://coveredcallswithjeff.wordpress.com/2020/10/22/adjusting-abt-covered-call-in-reaction-to-announcement-of-good-quarterly-earnings-and-raised-guidance-and-stock-drops-2/

#coveredcalls, #fuzzy

SPY at the bell

Bought to Close SPY Oct 21 2020 344 Calls at $0.04 – sold for 6.72 on 10/16 and 4.08 on 10/19
Sold to Open SPY Oct 23 2020 346 Calls at $1.06.

LABU

#ShortPuts Adding small…

Sold LABU NOV 13 2020 40.0 Put @ 1.43
Sold LABU NOV 27 2020 35.0 Put @ 1.29

#ironcondor NFLX Sold Nov. 20,…

#ironcondor NFLX

Sold Nov. 20, 440/445/575/580 for 1.53

SPY Rollups

Bought to Close 1 SPY Oct 21 2020 340 Call / Sold to Open 1 SPY Oct 23 2020 341 Call @ 0.36 Credit with SPY at 343.91
Bought to Close SPY Oct 21 2020 342 Calls / Sold to Open SPY Oct 23 2020 344 Calls @ 0.53 Credit with SPY at 343.82.

Hoping to cover my 344.0 Calls @ 0.01

SPX 7-dte

#SPX7dteLong Sold to Close $SPX 3470/3450 put spreads for 19.30. Call side sold for 3.70 this morning, so total credit of 23.00 against purchase of condor last Thursday for 17.05. Nice expiration day!

ABT BTC Oct 23 $107 Calls…..Abbott earnings good…raised full year guidance and stock dropped $2….so I bought the calls back for $.85 ….looking for a bounce and will cover shares again. STO on 10/15 for $2.87.

CINF

New Diagonal Spread
Bought to Open 1 CINF Mar 19 2021 95 Call / Sold to Open 1 CINF Nov 20 2020 85 Call @ 0.40 Net Credit.
The stock is at the top of a big 5.5% run today @ 84.25

KSS

With the stock up 6.6% today:
Sold KSS 10/23/2020 22.00 Covered Calls @ 0.47
Sold KSS 10/23/2020 23.00 Diagonal Calls @ 0.18 against long November calls left over from another spread.
#DoubleDip

OSTK

#ShortStrangles – Moving the earnings date didn’t do me any favors. Rolling put side of the strangles out and down for a credit and concentrating on selling the call side against it now.

Rolled OSTK OCT 30 2020 70.0 Puts to NOV 20 2020 65.0 Puts @ .90 credit (4.20 total now)
Sold OSTK OCT 23 2020 73.0 Calls @ .60

Markets this week

dXOlQhpF

btfd

TSLA earnings analysis

#Earnings $TSLA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

July 22, 2020 AC -4.97%
April 29, 2020 AC -2.32%
Jan. 29, 2020 AC +10.29%
Oct. 23, 2019 AC +17.66% Biggest UP
July 24, 2019 AC -13.61% Biggest DOWN
April 24, 2019 AC -4.26%
Jan. 30, 2019 AC -0.56%
Oct. 24, 2018 AC +9.13%
Aug. 1, 2018 AC +16.18%
May 2, 2018 AC -5.54%
Feb. 7, 2018 AC -8.62%
Nov. 1, 2017 AC -6.79%

Avg (+ or -) 8.33%
Bias 0.55%, small positive bias on earnings.

With stock at 430.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 394.07 to 465.93 (+/- 8.4%)
Based on AVERAGE one-day move over last 12 quarters: 394.19 to 465.81
Based on MAXIMUM one-day move over last 12 Q’s (17.7%): 354.06 to 505.94
Based on DOWN max only (-13.6%): 371.48

Open to requests for other symbols.

NFLX put spread

Sold $NFLX 11/20 455/445 bull put spread @ 2.42.

SPY

Rolled all my short Calls with strike prices below 340 forward a few days and up $100.

Still waiting to see how my 340 / 342 / 344 calls end the day.
Stock range 342.50 – 345.67 So far today.
If we stay down or fall further it could be VERY profitable

LABU

STO December 35 puts at 1.90

VIX

There we have it! The Oct $VIX futures contract has expired and the front month “contango” is gone. Term structure remains very flat, waiting for the elections to either spike higher or collapse in a heap. I have no idea which one.