Back at work so have…

Back at work so have not had time to update. Managed to get a few trades in. This is update of current positions.

Tues. STO IBB 107.5 5/3 put for 1 right before the medicare for all gave all the biotechs and insurers a haircut. Will be adjusting this for a few weeks.
IWM STO the 5/10 152 put for 1.21 today. May convert to #lizardpies depending on market moves
LNG 67.5 put was rolled down last week for cost basis of 66.8. Need to adjust and exp. 5/3.
AMAT 43.5 CC expires next week. cb 42.55
ERX 23 cc expires today/assigned and cb 21.81
LNG batch 2 same as above but cb 67.15. Had a better fill.
TNA expiring today 65 put rolled to next week 64 for 0.48 credit. Cb 63.52 if assigned but will manage
TQQQ 53.5 cc expires next week. 56.75 cb. I tried to roll it but the MM are being greedy bloodsuckers so will take the minor loss and use the money on something else.
AMAT 41.5 put expiring today rolled to 42.5 next week for 0.42 credit. Cb 42.08.

EXPE 113/130/131 for 5/10 credit now 3.84. Hope to close next week.
SQ 74/78/78.5 adjusted Tues for additional credit. 72.81 cost basis

GILD 65/65 cb down to 7.34
GILD batch 2 65/65 cb at 5.23
XBI 80/80/85 rolled today. Cb 8.96

I am trying a 21 DTE OTM experiment as I noticed while I was off OTM options usually crushed by over half from 21 DTE down to 14 DTE if they stayed OTM. Percentage wise much better than 45 DTE and really not to much closer to the money on strikes. Maybe 1-3. Will keep posted but I am hoping there will be a lot less adjusting. Adjustments just decrease profits. Will keep you posted.

Hoppy Easter everyone 🙂


$HIIQ 31 calls (covered)
$SFLY 42.5 calls (covered)
$BEAT 60 calls (covered)
$LABU 58.5 calls (covered)
$DELL 57.5 puts
$AMZN 1470/1490 BUPS
$AMZN 1840/1845 BUPS
$CMG 720/730 BECS

$PYX 25 puts
$HIIQ 39 and 40 puts

Thanks to all that make this forum compelling.
Have a Joyous Easter, a Happy Passover or just a plain fantastic weekend. Or choose all THREE! 😉

AXP closed

#Earnings Sold to close $AXP Apr18/Apr26 112 #DoubleCalendar for .69, .73, and .90. Bought for .48 yesterday.

I got .90 for one at the open… then waiting lowered the profit for the rest as the stock rose.

Closed $IBM dub cal for .03. Bought for .407 on Tuesday.

SPX 1-dte

#SPX1dte Sold $SPX Apr 22nd 2855/2875-2930/2945 condors at .80 (IV: 5.49%, SPX: 2904)

Closing UVXY 5/24

Bought to close $UVXY 5/24 45/55 bear call spread @ .40. Sold for 1.34 on 4/9.

HON closed

#Earnings Sold to close $HON Apr18/Apr26 162.5 #DoubleCalendar for .40. Bought yesterday for .55.

$AXP will be the profitable one… order in for 1.10, seeing if price can come to me, or I will lower my ask.

SPX 6-dte closed

#SPX1dte Bought to close $SPX Apr 24th 2900/2875 put spreads for 5.35. Sold for 6.95 on Monday. Index has not performed well for being under a (minor) upside warning, and this spread has bounced in and out of profit. Taking the profit while I can.