Final trade/expirations

#SPX1dte Sold to Open $SPX Sept 21st 3205/3225-3390/3410 condors for 1.05

Expiring:
#SPX1dte Condor expired worthless, sold Thursday for .95
#SPX7dteLong Put side expired at full credit of 20.00, calls side sold this morning for .85, so 20.85 credit against 17.60 purchase; 3.15 profit
#Earnings $CHWY 57.5/56.5 put spreads, expire ITM for .30 loss. This was a roll but it can’t get off its ass. Walking away. Total loss on two trades: .70

OptionsExpiration

BOOT 20 put
GPS 16 put
SPY 345 short call part of diagonal
NTAP jade lizard
AMD jade lizard
DKNG 30 put
M 8 call covered
WBA 39 call covered
CNQ 21 call covered
MRO 6 call covered
CCL 18 call covered

OptionsExpiration

EXPIRED:
AAL 09/18/2020 14.50 Covered Call
AAL 09/18/2020 14.50 Diagonal Calls
AAL 09/18/2020 17.00 Covered Call
ADS 09/18/2020 51.00 Covered Calls
ADS 09/18/2020 55.00 Covered Call
KSS 09/18/2020 23.50 Covered Calls
KSS 09/18/2020 24.00 Diagonal Calls
KSS 09/18/2020 24.50 Diagonal Calls
SLB 09/18/2020 19.50 Covered Calls
VIAC 09/18/2020 31.00 Diagonal Calls
VXX 09/18/2020 28.50 Diagonal Calls
VXX 09/18/2020 29.00 Diagonal Calls
VXX 09/18/2020 30.00 Diagonal Calls
VXX 09/18/2020 30.50 Diagonal Calls
VXX 09/18/2020 31.00 Diagonal Calls
WBA 09/18/2020 38.0 Covered Call
WDC 09/18/2020 40.00 Covered Calls
WDC 09/18/2020 40.00 Diagonal Calls
WFC 09/18/2020 28.00 Covered Call

SPY 08/18/2020 341.00 Diagonal Call
SPY 08/18/2020 345.00 Diagonal Call

CINF 09/18/2020 60.00 Put
CINF 09/18/2020 65.00 Put
VXX 09/18/2020 Diagonal 24.00 Puts
WBA 09/18/2020 Diagonal 35.00 Puts
WBA 09/18/2020 Diagonal 35.50 Puts

ASSIGNMENTS:
XRX 09/18/2020 16.00 Covered Call
WBA 09/18/2020 Diagonal 36.50 Call (Fidelity dropped the ball on this one)

Options Expiration

#OptionsExpiration – A few…

SLB 19 Calls (sold for .85)
TDOC 180 Put (sold for 2.60)
UVXY 21 Calls (sold for 3.05)

VXX

Forty minutes on hold to get to a trader at Fidelity. 😦
Bought to close 2 VXX 09/18/2020 24.50 Puts @ 0.15 two minutes after the close.
Originally sold @ 0.91

OSTK SPCE STX UVXY VXX

#ShortPuts #CoveredCalls – A few more.

OSTK: Covered Calls and adding a short put.
Rolled OSTK SEP 18 2020 70.0 Call to SEP 25 2020 70.0 Call @ 3.30 credit (12.95 total now)
Sold OSTK SEP 25 2020 67.5 Put @ 2.70

SPCE: Covered Calls.
Rolled SPCE SEP 18 2020 15.0 Calls to OCT 16 2020 15.0 Calls @ .51 credit

STX: Covered rolling hoping I don’t get taken out of the divvy.
Rolled STX SEP 18 2020 46.0 Calls to OCT 9 2020 46.0 Calls @ .20 credit

UVXY: Replacing this week’s expiation. Hedging my hedge selling slightly ITM.
Sold UVXY SEP 25 2020 17.0 Calls @ 2.25

VXX: Rolling another week.
Rolled VXX SEP 18 2020 26.0 Puts to VXX SEP 25 2020 25.0 Puts @ .01 credit

OSTK

ShortPuts – Booking the ones sold this morning. Taking the nice one day gain…

Bought to Close OSTK SEP 25 2020 65.0 Puts @ 1.60 (sold for 2.50)

TQQQ, I closed out all…

TQQQ, I closed out all of my short positions for December..35,40,45,and 50 puts at a nice profit. My thought is that the market expects a Biden win and his tax proposals are not good for the market. I am now on the sidelines until we get more clarity after the election.

Econ Calendar for week of 9/21/20

#FOMC Jerome Powell scheduled to speak both Wednesday and Thursday at 10am ET

Screen Shot 2020-09-18 at 10.52.18 AM
Screen Shot 2020-09-18 at 10.52.18 AM

Link to calendar: https://research.investors.com/economic-calendar/

VXX – More calls

A quick rally in VXX up to 24.98, so I added a couple more calls for next week.
Sold 1 VXX 09/25/2020 28.50 Diagonal Call @ 0.58
Sold 1 VXX 09/25/2020 30.50 Diagonal Call @ 0.38

I’ve used up all my extra long calls, so I will have to cover something for this week if I want to sell any more.

VXX Puts

Another roll
Bought to close 09/18/2020 25.5 Puts / Sold 09/25/2020 24.5 Puts @ 0.03 Credit plus a one point lower strike for next week.
VXX at 24.34

Now left with just the 24.0 and 24.50 puts for today

VIAC Calls

Bought to close VIAC 09/18/2020 30.0 Diagonal Calls / Sold VIAC 09/25/2020 31.0 Diagonal Calls @ 0.18 Credit plus a big point higher on the short strike.

I have short VIAC 31.0 Diagonal Calls expiring today as well

VXX Calls

Sold VXX Sep 25 2020 29.0 Calls @ 0.37 for next week.
VXX @ 24.30

Letting similar calls for today expire.
Paired with Oct/Nov/ Dec long calls

#coveredcalls CC Bought 100 shares,…

#coveredcalls CC #longcallspread BA #shortstrangles JD

CC Bought 100 shares, sold Oct. 2, 21.50 call for 20.55.
BA bought Oct. 23, 165/170 call spread for 2.23
JD sold Nov. 20, 62.50/90 for 3.32
#tastytradefollow

VXX puts Rolls

First of my Put rolls today
Bought to close 09/18/2020 26.50 Puts / Sold 09/25/2020 26.00 Puts @ 0.08 Credit plus a half point lower strike for next week.
VXX at 24.12

Edit:
Another roll
Bought to close 09/18/2020 25.0 Puts / Sold 09/25/2020 24.0 Puts @ 0.04 Credit plus a one point lower strike for next week.
VXX at 24.18

WBA Roll

Bought to close 1 WBA 09/18/2020 36.0 Covered Call / Sold 1 WBA 09/25/2020 36.50 Covered Call @ 0.07 Credit plus a half point better short strike

SLB AAL USO Rolls

STO AAL Sep-25-2020 $14 #CoveredCalls @0.29
Holding AAL Sep-18-2020 $14 call sold last week, should expire today.

STO SLB Oct-16-2020 $20 #CoveredCall @0.67
Holding SLB Sep-18-2020 $20 Call Sold @1.48, should expire today.

STO USO OCT-16-2020 $30 #CoveredCalls @0.70
Holding USO Sep-18-2020 $30.5 Call Sold @0.38 on 9/3, Should expire.

All small positions (and I was kinda hoping they’d all be ITM, so I could move on… )

SPX 7-dte

#SPX7dteLong Sold to close $SPX Sept 18th 3400/3420 call spreads for .85. Relying on the 3390/3370 put side for the big profit today. Condors bought Monday for 17.60.

TQQQ, BTC THe September 18,…

TQQQ, BTC THe September 18, 70 puts at .01, sold at 2.51
It is odd that I am not getting filled on my 65 puts or 80 puts yet.

Finally got filled on my 65 puts at .01

OSTK

#ShortPuts – Just for something to do. Nice premium in this one…

Sold OSTK SEP 25 2020 65.0 Puts @ 2.50

SPY and triple witching

An unwelcome surprise this morning.
Assigned on 09/18/2020, 09/21/2020 and even 09/25/2020 short diagonal calls on SPY because of an Ex-Div on the ETF.
Now I have to cover the short stock.
Always a messy business.
Plus I have to figure out how to make back the dividend I now owe the guys that exercised me.

AND today is triple witching day in the options market.
SIGH 😦

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 18th 3225/3245-3435/3455 condors for .95, IV 25.8%, SPX 3353, deltas -.06,+.06

EWZ extension

I love the issuance of new LEAPs. The process of price discovery is in its infancy, and nobody quite understands fair value (I certainly don’t!). An EWZ ATM 7 DTE straddle (my selling vehicle du jour) can generally be sold for roughly $1.25.

If I look at my current asset to sell straddles against – the Jan 2022 $27 call / $37 put strangle which cost $16.70, I just closed that out for $16.10 and then BTO the Jan 2023 same strike strangle @ $18.75.

So I get 52 weeks additional selling opportunities at around $1.00 (being conservative) for an extra $2.65. That seems to imply that 3 winning weeks of straddle sales pays for the strangle extension.

Maybe XMAS does come early?

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Sept 23rd 3315/3335-3345/3365 condors for 17.55, with SPX at 3338.

TQQQ

BTC September 25, 90 puts at 1.10, sold at 4.05
I may not have another trade until after the election.

VXX New Diagonal Put

Bought to open Jun 18 2021 10.0 Puts / Sold Sep 25 2020 23.50 Puts @ 0.07 Credit.

Looking to add to my stable of “free” 2021 long puts

CC Bull engulfing and high…

CC Bull engulfing and high for the year today. Broke thru top Bollinger Band too.

TRADES: Fools rush in where…

TRADES: Fools rush in where angels fear to tread. ;>)

AAPL BTO STOCK @109.68
VMW BTO STOCK @142.24
VMW BTO STOCK @141.25
VMW BTO STOCK @141.80
VMW BTO STOCK @142.35

VXX – preparing for November

Bought to open 12/18/2020 80.0 Call @ 0.70
Bought to open 12/18/2020 70.0 Call @ 0.90

So I guess the 09/18/2020 calls I sold this morning covers part of the cost of these.

NIO Covered Call

NIO is looking like a good stock for CC strategy. Lots of volatility on the stock, good premiums on the options. 8.9% return in 29 days…..so far. Had 1,000 shares called away at $17.50 and replaced them and doubled down with 2,000 shares and covered with Sep 18 $18.

#coveredcalls-2, #nio

SPXL

Rolled Sep-18-2020 58 #Covered Calls // Oct-16-2020 @1.65 Credit.

#shortputs OXY Sold Oct. 16,…

#shortputs OXY

Sold Oct. 16, 10 put for .26. On Oct. 15 I will receive a dividend payment of .01 for my underwater shares!

AMAZ CC Sep 18 $3200 Roll down to $3000 for $43.10 credit

Defensive roll down to protect what has been a profitable trade over the past 123 days. $3200 was down to $2 offering minimal downside protection. Over the past two weeks I have rolled down from $3400 to $3300, $3200 and now $3000. Roll downs have helped ….much more fun rolling up!

VXX on the open

Sold VXX Sep 18 2020 28.5 Calls @ 0.23
Sold VXX Sep 18 2020 29.0 Calls @ 0.17
VXX open 25.73

ADS

Sold ADS 09/18/2020 51.0 Covered Calls @ 0.10. It’s all the market would give me.

WBA

In an effort to coax my WBA puts to stay out of the money I sold a new Bear Call Diagonal
Bought to open WBA Oct 30 2020 41 Calls / Sold WBA Sep 18 2020 36.50 Calls @ 0.05 Credit.
If the puts expire, I’ll be happy to roll the short Calls.

TQQQ

#ShortPuts – Starter…

Sold TQQQ SEP 25 2020 110.0 Put @ 2.36

#takeonefortheteam

SPY Last roll

Bought to close SPY Sep 16 2020 345 Call @ 0.02. There were 11,000 contracts bid at 0.01 ahead of me.
(This one worked although most have not in this endless bull market)

Replaced it with a Sep 23 2020 345.0 Diagonal Call @ 1.18
SPY is at 340.08

XBI

BTC September 18, 95 put at .01, sold at 1.05

NVAX Puts

#shortputs
$NVAZ STO 9/18 110 put at .85

SPY Roll

Rolled my 09/16/2020 340.0 Diagonal Call out 2 days to the 09/18/2020 341.0 Call @ 0.39 Credit plus another point higher on the short strike

SLB

Sold SLB 09/18/2020 19.50 Covered Calls @ 0.16 against a small part of my long stock.
SLB is 19.20

SPY Roll

Rolled my 09/16/2020 334.0 Diagonal Call out 2 days to the 09/18/2020 334.0 Call @ 0.39 Credit.
Just waiting for a bigger pullback

AAL

Sold 1 AAL 09/18/2020 Covered Call @ 0.12
Sold 2 AAL 09/18/2020 Diagonal Calls @ 0.15 against half my long calls
AAL is 13.79

TRADES:

MGM BTO STOCK @22.87
CZR BTO STOCK @57.85

NVDA

#ShortPuts – Jumping back in short term on today’s weakness. Outside the expected move and at the 50ma.

Sold NVDA SEP 25 2020 465.0 Put @ 3.05

DDOG

I did one of my combo trades for October 16, .65 debit.

BTO 1,90 call
STO 2, 100 call
BTO 1 105 call
STO 1, 80 put
TSM
BTO 1, 85 call
STO 2, 95 call
BTO 1, 100 call
STO 1, 75 put, for a total debit of 1.50

OSTK

#ShortPuts – Taking another one off for safety…

Bought to Close OSTK SEP 18 2020 75.0 Put @ 3.00 (sold for 4.00)

TSLA

#ShortPuts – Outside the expected move and down at the 50ma. Battery day on the 22nd will determine how this goes. IV is almost like an earnings trade.

Sold TSLA SEP 25 2020 350.0 Put @ 5.90

SQ NVAX PENN Calls Rolled

#coveredcalls
$SQ BTC 9/18 144 calls and STO 9/25 149 calls at 1.51 debit. Stock at 153.16
$NVAX BTC 9/18 110 calls and STO 9/25 115 calls at 1. credit. Stock at 110.17
$PENN BTC 9/18 62 calls and STO 10/2 70 calls at 2.50 debit. Stock at 70.80

ADBE ADSK FSLY NFLX NVDA OSTK TDOC

#ShortPuts #ShortStrangles – A lot of these nice bounces seem to be running out of steam (unless JP comes through again! 🙂 🙂 ) . In any case taking a lot of risk off today with some good profits.

ADBE: Earnings and post earnings.
Bought to Close ADBE SEP 18 2020 460.0 Put @ 1.65 (sold for 3.50)
Sold ADBE SEP 25 2020 440.0 Put @ 2.44

ADSK: Nice bounce and happy to be out with decent profit.
Bought to Close ADSK SEP 18 2020 225.0 Put @ .67 (sold for 2.62)

FSLY: Completely out of this one now.
Bought to Close FSLY SEP 18 2020 75.0 Put @ .40 (sold for 2.20)

NFLX: Nice profits but horrible management on a greedy 505.0 strike bonus call I sold in a strangle. Rolled it into a new strangle for next week.
Bought to Close NFLX SEP 18 2020 450.0 Put @ .50 (sold for 2.85)
Bought to Close NFLX SEP 18 2020 475.0/550.0 Strangle @ 2.55 (sold for 10.25)
Rolled NFLX SEP 18 2020 505.0 Call to SEP 25 2020 455.0/545.0 (2×1) Strangle @ even

NVDA: Very happy!
Bought to Close NVDA SEP 18 2020 490.0 Put @ 1.65 (sold for 11.75)

OSTK: Nice bounce and happy to be out with decent profit.
Bought to Close OSTK SEP 18 2020 75.0 Put @ 2.31 (sold for 4.10)

TDOC: Completely out of this one now.
Bought to Close TDOC SEP 18 2020 180.0 Put @ .55 (sold for 2.60)

VXX UVXY

Just noticed the Jan 2023 Options are now trading for VXX and UVXY.

The next time the VIX doubles, the lowest strike puts will make for interesting buys.

TRADES:

OSTK STO 9/18/20 78.0 CALL @2.40
OSTK STO 9/18/20 80.0 CALL @2.20

SPX 7-dte

#SPX7dteLong A little stuck on today’s expiration, so going to try a leg out…
Sold to close $SPX Sep 16th 3425/3445 call spreads for 5.20.
Will look to sell puts on a swing down. I usually suck at legging out, so no high hopes.
Condors bought for 17.75 last Thursday.

AAPL

Quote of the day:

Apple stumbled following the new iWatch and iPad launches y’day. Maybe it’s time they actually invented something new rather than just fleecing Apple Addicts with product upgrades every couple of years…

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 16th 3295/3315-3455/3475 condors for 1.25, IV 18.9%, SPX 3398, deltas: -.05,+.07.

WBA

Sold the stock I was put on Friday at 35.50 (net cost after put premium of 34.97) just now @ 35.56.
Putting the cash back into my account.
I’m still short diagonal puts for this week so I won’t be upset if the stock keeps running.

SPX 7-dte

#SPX7dteLong Earlier, BTO $SPX Sept 21st 3390/3410-3420/3440 condors for 17.35, with SPX at 3413.

VIAC

Sold 1 VIAC 09/18/2020 31.0 Diagonal Call @ 0.36.
The long hedge is an October 30th 36.0 Call I was already long.

PYPL UNH BWB

$PYPL BTO Oct 02, 190 / 185 / 175 Broken Wing Put Butterfly for 0.69 credit.

Breakeven on the downside at exp $179. No upside risk (keep credit).

$UNH BTO Oct 02, 315 / 310 / 300 Broken Wing Put Butterfly for 1.01 credit.

Breakeven on the downside at exp $304. No upside risk (keep credit).

#BWB 

DKNG, I unwound the October…

DKNG, I unwound the October 16, combo for a credit of 2.30 which I put on for a debit of .65, I still have a combo on PENN that I put on for a debit of 1.60

I also unwound the PENN combo at 4.70 credit , put on for a debit of 1.60, out of all my gambling options.

ADBE Earnings

#ShortPuts #Earnings – Going aggressive at the 50ma and the expected move. Was going to go out an extra week and sell down near the 100ma but those quotes were messed up on Fidelity.

Sold ADBE SEP 18 2020 460.0 Put @ 3.50

TQQQ

#ShortPuts – For safety…

Bought to Close TQQQ SEP 18 2020 115.0 Put @ .75 (sold for 2.75)
Bought to Close TQQQ SEP 18 2020 120.0 Put @ 1.25 (sold for 2.06)

FB

#ShortPuts – Taking beer money on the small bounce…

Bought to Close FB SEP 18 2020 270.0 Put @ 3.85 (sold for 4.05)

FSLY LABU

#ShortPuts – Booking a few more…

FSLY:
Bought to Close FSLY SEP 18 2020 70.0 Put @ .15 (sold for 1.20)

LABU:
Bought to Close LABU SEP 18 2020 40.0 Put @ .05 (sold for 1.50)
Bought to Close LABU SEP 18 2020 45.0 Put @ .15 (sold for 2.30)
Bought to Close LABU SEP 25 2020 40.0 Put @ .23 (sold for 1.65)
Bought to Close LABU SEP 25 2020 40.0 Puts @ .21 (sold for 1.45)
Bought to Close LABU OCT 2 2020 35.0 Put @ .20 (sold for 1.15)

#earnings #rolling CHWY Sept. 10,…

#earnings #rolling CHWY

Sept. 10, sold a #jadelizard with long put protection, actually an iron condor, 55/59.50/62.50/64 for 2.13. Today sold the long put and rolled the short to Oct. 16.

NFLX

#ShortStrangles – Added another call for additional premium…

Sold NFLX SEP 18 2020 505.0 Call @ 1.85

Strangle is now 475 put and 600, 550, and 505 calls (10.25 total)

TSLA

#ShortPuts – Out most of the day but did manage one more trade. Taking this off after after selling it Friday.

Bought to Close TSLA SEP 18 2020 330.0 Put @ 1.00 (sold for 5.40)

NVAX Calls / MRVL Straddle

#coveredcalls
$NVAX STO 9/18 110 calls at 2.60

#shortstraddle
$MRVL STO 9/25 40 straddle at 2.30

VXX Calls

Sold VXX Sep 18 2020 30 Calls at $0.31
Sold VXX Sep 18 2020 30.50 Calls at $0.27
Sold VXX Sep 18 2020 31 Calls at $0.24.

Paired with a boatload of short puts for this week and hedged with Oct/Nov long calls
VXX is at 25.07

SPX Iron Condor

Sold $SPX Sep 21: 3260 / 3280 – 3500 / 3520 Iron Condor @ $5.15

Call it Fat Finger Freud – I meant to sell the October 02 strikes! I was thinking of the SPX calendars I was in the process of selling using the Sep 21 strikes. But hey, “The best laid schemes o’ mice an’ men / Gang aft a-gley.”

#IronCondor

SPX stopped

#SPX1dte BTC $SPX Sept 14th 3415/3435 call spreads for .80. Was away with the order put in, would have ridden it lower if I could have managed it. Sold for 1.20 on Friday.

#spx7dte

VXX

Bought to close all my VXX Sep 18 2020 80.00 Calls at $0.01.
During the last VXX run I liquidated a long in this contract and turned around and shorted it as a low risk sale against October/November longs.
I’m now free of this short and ready for another VIX spike.

SPY Call Rolled

Bought to close 1 SPY 09/14/2020 333.0 Diagonal Call / Sold 1 09/16/2020 334.0 Diagonal Call @ 0.04 Credit Plus one more point higher on the short strike.

The long side hedge is an October 16 2020 345.0 Call

Closing LABU

Bought to close 10/16 30 puts @ .40. Sold for 2.00 on 9/4. I’m completely out of this underlying now but they’ve all been profitable since I started dabbling (thanks @fuzzballl !) Will wait for a pullback to put any new positions on.