A few trades

#LEAPs BTC $SQ July 20th 71 #SyntheticCoveredCalls for .15. Sold for 1.35 in June.

#CoveredCallCampaign BTC $BABA July 20th 202.5 #CoveredCall for .21. Sold for 2.05 in June

#VXXGame Sold $VXX Dec 50 call for 3.50

Here is a good one…

Here is a good one for you margin users, looks like 60% of total portfolio is ideal.




Taking early pre-ER profits before I head out on a 4-day running trip with limited internet access.
EA. Sold Jul27 152.5c @ 3.10. Bot @ 2.45 average price. Still holding Jul27 157.5c at average price of 1.70.
GOOGL. Sold Jul27 1240/1260 cds @ 3.70. Bot @ 2.90
ISRG. Sold Jul20 490/505 cds @ 9.25. Bot @ 6.45. Still holding Jul20 535c @ 2.70.
MA. Sold Jul27 207.5c @ 2.52. Bot @ 1.47. Still holding MA Ju27 212.5c @ 1.11

#shortputs TRTN Sold Aug. 17,…

#shortputs TRTN
Sold Aug. 17, 30 put for 1.35

SPOT early earnings momentum

This is a risky pre-ER trade because the stock has only been public since April 3. However, it showed strong momentum going into May earnings, is in a squeeze, and the Jul27 IV is already expanding.
Bot SPOT Jul27 BuCS 190/200 @ 2.70. Will place GTC order on Jul19 (7 days before ER) to close at 40% above the price at that time.

CHKP pre-earnings

Sold Aug17 110c @ 2.78. Bot @ .85.
Still holding Aug17 115c @ .80

SPX roll

#SPXcampaign Monday I closed $SPX July 20th 2810/2835 call spreads for 4.20, which was the call side of a #CondorRoll from the week before. Much of the reason I have mostly paused selling spreads is that the call side has never been more difficult to manage that it has this year.

Today I rolled half of it into puts: Sold SPX July 25th 2750/2725 put spreads for 4.50.