SPX trades

#SPX7dteLong Bought to Open $SPX July 30th 4390/4410-4420/4440 condors for 15.30, with SPX at 4415.

Expiring at full loss: July 26th 4260/4240 put spreads, bought last Tuesday for 5.65.

#SPX1dte Expecting to expire at full gain: July 26th 4330/4350-4450/4470 condors, sold Friday for 1.00.

LABU Put

Sold to close 1 LABU Aug 20 2021 40.0 Put at $0.65. Bought at $0.61.
This was one of the long hedges against the short LABU 07/23/2021 58.0 Diagonal Put that expired Friday.
#WinWin

TSLA earnings

#JadeLizards #Earnings – Not the usual premium in TSLA this time around. Going with a Jade Lizard hoping for a down move. Selling the put side about 1.5x expected.

Sold TSLA JUL 30 2021 575.0/670.0/675.0 @ 5.00

AMC Call

Sold 1 AMC Jul 30 2021 48.0 Diagonal Call at $1.12 replacing a similar call that expired Friday

TQQQ Call

Sold 1 TQQQ Jul 30 2021 140.0 Diagonal Call at $1.70.
Sold this against an already long Sep 03 2021 140.0 Call creating a long calendar spread with no upside risk.

TNA Call

Sold 1 TNA Jul 30 2021 90.0 Call at $1.11.
Paired with the 86.0 Put I sold last week for 4.46, that gives me an 86/90 strangle with a total premium of $5.57 for this week.

VXX Calls

I had a couple of (fully paid for ) long Sept Calls left after Friday’s expiration. Looking at what they originally cost me, I put in orders to get back 100% of my long cost a 2nd time.
Sold 1 VXX Aug 06 2021 34.0 Call at $1.20
Sold 1 VXX Sep 03 2021 35.0 Call at $3.05

OptionsExpiration

==Expired==
AMC 07/23/2021 40.0 Diagonal Call
AMC 07/23/2021 41.0 Diagonal Call
AMC 07/23/2021 42.0 Diagonal Call
AMC 07/23/2021 43.0 Diagonal Call
AMC 07/23/2021 47.0 Diagonal Calls
AMC 07/23/2021 23.0 Diagonal Puts
LABU 07/23/2021 58.0 Diagonal Put
SLV 07/23/2021 23.0 Diagonal Puts
TLRY 07/23/2021 15.5 Covered Calls
TLRY 07/23/2021 16.0 Diagonal Calls
TLRY 07/23/2021 13.0/8.0 Bull Put Spreads
TNA 07/23/2021 88.5 Diagonal Calls
TNA 07/23/2021 82.5 Diagonal Put
TQQQ 07/23/2021 110.0 Diagonal Put
VXX 07/23/2021 32.0 Diagonal Call
VXX 07/23/2021 33.0 Diagonal Call
VXX 07/23/2021 27.0 Diagonal Puts #VXXContango
==Assignments==
None

SOXL

#ShortPuts – Chopping off the bottom of the ladder a month early. Almost 70 percent of max.

Bought to Close SOXL AUG 20 2021 33.0 Put @ .67 (sold for 2.05)
Bought to Close SOXL AUG 20 2021 34.0 Put @ .80 (sold for 2.10)
Bought to Close SOXL AUG 20 2021 35.0 Put @ .98 (sold for 2.47)

LABU Put Rolldown

Bought to Close 1 LABU Jul 23 2021 60.0 Put at $0.55. Sold last week on a rolldown at $3.23.

To replace it I Sold to open 1 LABU Jul 30 2021 55.0 Put at $1.22, so a $0.67 Credit and a 5 point lower strike.

Waiting out my 58.0 put which should expire

SPX week

#SPX1dte Sold to Open $SPX Juy 26th 4330/4350-4450/4470 iron condors for 1.00. SPX at 4407, IV 7.2%, deltas -.07 +.07

Crappy week because of the (thus far) head-fake Downside Warning. After taking a small loss on #SPX1dte trade Monday, skipped the trade for Wed & Fri. Took nice profit Monday on #SPX7dteLong but assumed more downside and took losses on Wed, Fri, and next Mon trades. Hopefully back to normal next week.

TQQQ TNA

#ShortPuts – Booking and adding.

TQQQ: Taking to 60-70% of max a month early.
Bought to Close TQQQ AUG 20 2021 95.0 Put @ .60 (sold for 2.25)
Bought to Close TQQQ AUG 20 2021 100.0 Put @ .79 (sold for 2.05)
Bought to Close TQQQ AUG 20 2021 105.0 Put @ 1.03 (sold for 2.60)

TNA: Holding 80 strikes for next week. Going out a month and adding lower.
Sold TNA AUG 20 2021 70.0 Put @ 1.90
Sold TNA AUG 20 2021 65.0 Puts @ 1.20

VXX Call rolls

Bought to close VXX Jul 23 2021 33.0 Calls at $0.01. Sold at $0.64 and again at $1.83 last week.
Bought to close VXX Jul 23 2021 33.5 Call at $0.01. Sold at $0.57 last week.
Bought to close VXX Jul 23 2021 34.0 Calls at $0.01. Sold at $0.51 and again at $1.66 last week.
Bought to close VXX Jul 23 2021 34.5 Call at $0.01. Sold at $0.47 last week.
Bought to close VXX Jul 23 2021 35.0 Call at $0.01. Sold at $1.76 last week.

Replaced all those above with:
VXX 07/30/2021 36.5 Covered Calls at $ 0.42
VXX 07/30/2021 37.0 Covered Calls at $ 0.37, $0.39 and $0.40
VXX 07/30/2021 37.5 Covered Calls at $ 0.37 and $0.38
They can have my stock at these strikes, which is 20% higher than it is today.

TWTR post earnings

#ShortPuts – Good day in this name. Might as well take the quick one hour gain.

Bought to Close TWTR AUG 20 2021 62.5 Puts @ .64 (sold for 1.05)

VXX Put

Sold half of my long position in a small side account.
Sold VXX Jun 17 2022 10.0 Put at $0.69.
Purchased this lot on 05/19 at $0.33, so better than a double on the trade.
#VXXContango

TDOC

#ShortPuts #CoveredCalls #Earnings – Same as SPOT. Taking stock assignment at 152.45 in the pre earnings trade. Selling earnings week covered call now in case the stock remains weak. In an IRA so have to spread it. Selling for max downside protection just below basis.

Sold TDOC JUL 30 2021 135.0/245.0 Bear Call Spread @ 14.65

NIO Put Roll / TQQQ CCIV Put Close / MRVL Put

#shortputs

$NIO BTC 7/23 50 put and STO 7/30 %0 put at added .17 credit. Thinking that China won’t crush EV along with education companies ($TAL $EDU et al), $BIDU and $BABA. Remember Luckin Coffee? Aka Titanic. 😉
$TQQQ BTC 8/13 90 put at .37. STO at 1.34. Thank you @jsd501
$CCIV BTC 7/23 24.50 put at .70. STO at 2.28.
$MRVL STO 7/30 57 at .57. (symmetry!)

NFLX

#ShortPuts – This thing is looking weak and falling below the 200 and 50 day. Taking it off and looking for a possibly better entry or using the capital for a different earnings trade.

Bought to Close NFLX AUG 20 2021 475.0 Put @ 3.55 (sold for 4.25)

TLRY Put rolls

Rolled TLRY 07/23/2021 15.5 Diagonal Puts to next week for a credit of $0.21
Rolled TLRY 07/23/2021 15.0 Diagonal Puts to next week for a credit of $0.27

ROKU

I take back everything I called myself yesterday after letting myself get stopped out of the naked call side of my 380/440 strangle.

🙂 🙂 🙂

SPOT

#ShortPuts #CoveredCalls #Earnings – Taking stock assignment at 249.40 in the pre earnings trade. Selling earnings week covered call now in case the stock remains weak. In an IRA so have to spread it. Selling for max downside protection near breakeven.

Sold SPOT JUL 30 2021 237.5/385.0 Bear Call Spread @ 11.50

TWTR post earnings

#ShortPuts – Selling the expected move at the 50 day. Partial position so far.

Sold TWTR AUG 20 2021 62.5 Puts @ 1.05

SNAP TWTR earnings

#ShortPuts – I’ll take ’em.

Bought to Close SNAP JUL 23 2021 57.5 Puts @ .01 (sold for 1.00)

Bought to Close TWTR JUL 23 2021 63.0 Puts @ .05 (sold for 1.10)

#tqqq #spx btc TQQQ 27…

#tqqq
#spx

btc TQQQ 27 AUG , 90 PUT @1.13 bought @1.55
btc VERTICAL SPX 28 JUL , 4245/4240 PUT @.25 bought for .60

Last tqqq on books taking risk off for now.

NVDA post split pre earnings

#ShortPuts – Taking the two day gain three weeks early.

Bought to Close NVDA AUG 13 2021 170.0 Put @ 1.10 (sold for 3.25)

TQQQ,

STO September 17, 75 put at 1.15

SOXL,

STO January 2022, 20 put at 1.31 in my IRA
STO January 2022, 20 put at 1.34 in my trading account
STO TQQQ, August 27, 90 put at 1.04 in the trading account.

VXX Put Roll

Bought to close VXX Jul 23 2021 30.5 Diagonal Puts / Sold to Open VXX Jul 30 2021 29.0 Diagonal Puts at $0.06 Credit.
Pushed the short strike (temporarily) out of the money for next week.
#VXXContango

SNAP earnings

#ShortPuts – Small one just for fun.

Sold SNAP JUL 23 2021 57.5 Puts @ 1.00

TNA Put Rolldown

Bought to close TNA 07/23/2021 88.5 Diagonal Put at $4.41. Sold on a rolldown last Friday at $8.99.

Sold a TNA 07/30/2021 86.0 Diagonal Put at $4.46, or a 0.05 Credit on a 2.5 point rolldown for one more week.

I am hoping my 07/23/2021 82.5 Put sold at $2.88 expires tomorrow.

TWTR earnings

Sold $TWTR Jun 23 61/78 strangle @ 1.49. Strikes are 2 standard deviations away. Expected move is around +/- 6 points with the stock at 69.60.
#tastytradefollow

VXX Call roll

Bought to close VXX Jul 23 2021 37.0 Covered Call at $0.09. Sold on 7/19 at $2.29.
Replaced it with a VXX Jul 30 2021 37.0 Covered Call at $0.70.

LABU Put Rolldown

Bought to close LABU 07/23/2021 64.0 Diagonal Puts at $0.72. Sold on a rolldown last week at $3.95.

Sold LABU 07/30/2021 56.0 Diagonal Puts at $0.77, or a 0.05 Credit on a 8 point rolldown for one more week.

I am hoping my 07/23/2021 60.0 Put sold at $3.23 and my 07/23/2021 58.0 Put sold at $2.00 both expire tomorrow.

TQQQ Call Rollup

Rolled TQQQ 07/23/2021 119.0 Diagonal Calls to next week’s 07/30/2021 120.0 Diagonal Calls @ .05 Credit

AMC Trades

Rolled short AMC 07/23/2021 30.0 Diagonal Calls to AMC 07/30/2021 31.0 Diagonal Calls @ 0.05 Credit.

Also sold 1 AMC 07/23/2021 43.0 Diagonal Call @ 1.12.
1 DTE

TWTR earnings

#ShortPuts – Sold TWTR JUL 23 2021 63.0 Puts @ 1.10

ROKU

#ShortStrangles – Selling a call got me again. Stop was hit at breakeven.

Bought to Close ROKU JUL 30 2021 440.0 Call @ 8.15

Strangle sold for 8.15. Leaving 380 put side alone and waiting for earnings now.

VXX Call Rolls

Bought to close VXX Jul 23 2021 46.0 Covered Calls at $0.02. Sold over the last few weeks at $0.56 avg price.
Replaced them with VXX Jul 30 2021 36.0 Covered Calls at $0.63.

Bought to close VXX Jul 23 2021 40.0 Covered Calls at $0.06. Sold over the last few weeks at $0.87 avg price.
Replaced them with VXX Jul 30 2021 36.5 Covered Calls at $0.67.

Bought to close VXX Jul 23 2021 36.0 Covered Calls at $0.12. Sold on 7/19 at $1.72 and again at $2.62.
Replaced them with VXX Jul 30 2021 36.0 Covered Calls at $0.73.

SPX and QQQ

BTO $SPX Jul-23-21 4325/Jul-26-21 4325 Put Calendar @ 4.5

BTO $QQQ Aug 350 puts 3.8

AMC Calls

Sold AMC 07/23/2021 47.0 Diagonal Calls at $1.12 and again at $1.75
2 DTE

SOXL

#ShortPuts – Taking a couple more scalps on the bounce. Now completely back to my original ladder.

Bought to Close SOXL AUG 20 2021 39.0 Put @ 2.35 (sold for 4.00)
Bought to Close SOXL AUG 20 2021 40.0 Put @ 2.75 (sold for 4.10)

SPY

#ShortPuts – Hadn’t really planned on holding the full 60 days just playing for a good bounce. Taking over 35 percent of max in a couple days.

Bought to Close SPY SEP 17 2021 380.0 Put @ 2.37 (sold for 3.80)
Bought to Close SPY SEP 17 2021 390.0 Put @ 3.12 (sold for 4.70)

OSTK Put Close

#shortputs
$OSTK BTC 7/23 82 put at .70. STO at 2.65. Thank you @fuzzballl

VXX

Missed this trade from yesterday as it is in a side account
Bought to open 1 VXX Jan 21 2022 15 Put Limit at $0.60.
#VXXContango

SOXL

#ShortPuts – Nice bounce from the dip. Taking the quick scalps and leaving original ladder in place.

Bought to Close SOXL AUG 20 2021 36.0 Put @ 1.60 (sold for 4.00)
Bought to Close SOXL AUG 20 2021 37.0 Put @ 1.90 (sold for 4.30)
Bought to Close SOXL AUG 20 2021 38.0 Put @ 2.20 (sold for 4.00)

#spx btc VERTICAL SPX 23…

#spx
btc VERTICAL SPX 23 JUL 4175/4170 PUT @.10
sold for .60

TQQQ call

Sold to close 1 TQQQ 07/30/2021 135.0 Call @ 1.01. Dumping it as I think it is destined to expire with the strike price above the all-time high of 134.08.
Bought it on 06/21 at $0.81 as the long side of a diagonal spread.
The short has already expired so a #WinWin trade
I think this might be a good one to short for next week as well.

ZM pre earnings

ShortPuts – Selling a couple weeks before earnings and outside the expected move.

Sold ZM AUG 20 2021 310.0 Put @ 3.20

NFLX post earnings

#ShortPuts – Selling at recent lows and at the expected move.

Sold NFLX AUG 20 2021 475.0 Put @ 4.25

SPX 7-dte

#SPX7dteLong Sold to close $SPX July 21st 4340/4320 put spreads for 3.90. Leaving call spreads for a bit later as the rally seems to have strength. Missed this one big time; should have sold put side Monday and I’d be collecting a double on this trade.

Also, doubled down on next Monday’s put spread. Bought more of the June 26th 4260/4240 put spreads for 1.60. Adding to the ones I bought yesterday for 5.65

SPX trades

I’m not selling an #SPX1dte trade today as the market is too unpredictable and the moves too large. Obviously I was way too early on my bearish trades this morning. Will likely double down if we open tomorrow higher or flat.

NFLX earnings analysis

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

April 20, 2021 AC -7.40%
Jan. 19, 2021 AC +16.85%
Oct. 20, 2020 AC -6.92%
July 16, 2020 AC -6.52%
April 21, 2020 AC -2.86%
Jan. 21, 2020 AC -3.58%
Oct. 16, 2019 AC +2.46%
July 17, 2019 AC -10.27%
April 16, 2019 AC -1.31%
Jan. 17, 2019 AC -3.98%
Oct. 16, 2018 AC +5.28%
July 16, 2018 AC -5.24%

Avg (+ or -) 6.06%
Bias -1.96%, negative bias on earnings.

With stock at 535.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 503.28 to 566.72
Based on AVERAGE one-day move over last 12 quarters: 502.60 to 567.40
Based on MAXIMUM one-day move over last 12 Q’s (16.9%): 444.85 to 625.15
Based on DOWN max only (-10.3%): 480.06

Open to requests for other symbols.

TNA Calls

Sold TNA Jul 23 2021 88.5 Diagonal Calls at $0.54.
Paired with existing short 88.50 & 82.50 Diagonal Puts creating one 88.50 straddle and one 82.50/88.50 strangle.
TNA is up 7 points today

New VXX Contango Trades

Bought to open VXX Jun 16 2023 5.0 Put/ Sold to Open VXX Jul 23 2021 30.5 Put at $0.07 Credit.
Short DTE = 3
Long DTE = 696
Bought to open VXX Jun 16 2023 5.0 Puts/ Sold to Open VXX Jul 30 2021 28.5 Puts at $0.07 Credit.
Short DTE = 10
Long DTE = 696
#VXXContango

Markets

  • What downside warning?

2021-07-20_8-06-48

2021-06-25_11-02-49_0

OIP

TLRY

Sold TLRY Jul 23 2021 15.5 Covered Calls at $0.11
Sold TLRY Jul 23 2021 16.00 Diagonal Calls at $0.09.
vs stock put to me Friday

VXX early Put rolldown

Using the elevated stock price to do an early rolldown
Bought to close VXX Jul 23 2021 32.0 Diagonal Put at $0.97. Sold last week on a roll at $3.53.

Replaced it with a short VXX Jul 30 2021 30.5 Diagonal Put at $1.14 for a 0.17 Credit.
Dropped the short strike 1.50 points and pushed it out of the money.

VXX

Setting up new long Puts for future #VXXContango trades
Bought to Open VXX Oct 15 2021 19.0 Put at $0.25 (brand new expiration month)
Bought to Open VXX Sep 17 2021 21.0 Put at $0.15 (adding to my position)

ROKU

#ShortStrangles – Selling against a short put.

Sold ROKU JUL 30 2021 440.0 Call @ 3.30

Position now JUL 30 380/440 @ 8.15

AMC

Sold 1 AMC Jul 23 2021 42.0 Diagonal Call at $1.12
Replaces a similar call that expired Friday.

NVDA post split pre earnings

#ShortPuts – Just to get it back in play. Always one of my favorites until it went vertical.

Sold NVDA AUG 13 2021 170.0 Put @ 3.25

SPX trades

#SPX7dteLong Sold to close $SPX July 23rd 4245/4265 call spreads for 14.10. Condors bought yesterday for 18.00. Counting on another drop by Friday to sell put side.

Also, bought to open July 26th 4260/4240 put spreads for 5.65. Going put side only for this one.

Markets

  • From ZeroHedge

Goldman Says “Don’t Buy This Dip” And Here’s Why…
“99% of S&P500 companies are in buyback blackout period into next week and quant flows remain asymmetric on the supply side (AKA CTA sellers will win this tug of war).”

COIN

Sold 1 COIN Jul 23 2021 195 Diagonal Put at $0.89
#OnlySpreads #TripleDip

TQQQ,

BTC August 6, 90 put at .70
BTC August 13, 90 put at 1.05

TQQQ

Sold 1 TQQQ Jul 23 2021 110.0 Put at $1.02.
Coming into today I was long one of these. Now I’m short
#OnlySpreads

Downside Warning in effect

#VIXindicator The $VIX closed over 25% above its 2-day closing low, so that’s a new Downside Warning.

Here are the last four Downside Warnings for reference:
Fired 5/11/21, at the SPX close of 4,152. The SPX low was the next day at 4,056. It dipped again 5 trading days after
that to 4,061, then recovered from there.
Fired 2/25/21, at the SPX close of 3,829. The SPX low of 3,723 was 5 trading days later.
Fired 1/27/21, at the SPX close of 3,750. The SPX low of 3,694 was only 2 days later .
Fired 9/3/20, at the SPX close of 3,455. The SPX low of 3,209 was 3 weeks later on Sep 24th.

SPX

BTO $SPX Aug-13-21 4050/4000/3900 put BWB for 3.05 credit.

VXX to the moon

  • until the first bounce in the market

Sold 1 VXX Jul 23 2021 36.0 Call at $2.63
Sold 1 VXX Jul 23 2021 37.0 Call at $2.29

O Put

#shortputs

$O STO 8/20 67.50 put at 1.47

TQQQ,

STO August 6, 90 put at .85
STO August 13, 90 put at 1.25

SPX 7-dte

#SPX7dteLong Bought to Open $SPX July 23rd 4215/4235-4245/4265 condors for 18.00, with SPX at 4242.

Expiring with max credit of 20.00: July 19th 4370/4350 put spreads. Condors bought last Tuesday for 15.25.

TSLA

#ShortPuts – Didn’t think this would fill today. Taking it for safety. Lots of earnings possibilities next few weeks.

Bought to Close TSLA JUL 23 2021 550.0 Put @ 1.00 (sold for 3.05)

LABU Put

Sold to close one of my extra long LABU Aug 20 2021 40.0 Puts at $1.05.
Bought it on 06/22 at $0.77 as part of a diagonal spread where the short is already gone.
#WinWin

TQQQ Put

Sold 1 close 1 TQQQ Jul 23 2021 110.0 Put at $0.90.
Bought it on Thursday at $0.54 as the long side of a quick hit diagonal put spread where the short expired Friday
#WinWin