STX TNA ULTA

#ShortPuts #CoveredCalls – Was busy all day (and night) on Friday. Drove non-stop from St. Louis to Ft. Lauderdale thinking I might have to evacuate the motorhome. Things are looking better now but still watching closely. Did manage to get a few fills on Friday.

STX: Book ’em!

Bought to Close STX SEP 20 2019 40.0 Puts @ .10 (sold for .80)

TNA: Book, re-sell, and roll

Bought to Close TNA AUG 30 2019 53.5 Calls @ .05 (sold for 2.95)
Sold TNA SEP 06 2019 52.5 Calls @ 1.76

Rolled TNA AUG 30 2019 51.5 Call to SEP 06 2019 52.5 Call @ .20 credit

ULTA: She’s ugly. Didn’t see a 5x expected move coming. Time to start digging out!

Sold ULTA SEP 13 2019 265.0 Call @ 2.80

#OptionsExpiration

Positions I didn’t have to roll or didn’t cover:

CMG 08/30/2019 845.00 Calls
FB 08/30/2019 190.00 Calls
NUGT 08/30/2019 42.00 Calls
UVXY 08/30/2019 45.00, 50.00 and 53.00 Calls

DUST 08/30/2019 6.00 Puts
SLB 08/30/2019 31.00 Puts
UVXY 08/30/2019 27.50 Puts

$ULTA iron condor

With the stock down 30% and IV still high (IVR 58), selling some premium down here. Sold 9/20 210/220/260/270 iron condor @ 2.60 with the stock at 239.70. Put and call short strikes at 21 and 17 delta. Not expecting a huge bounce back–looking for the stock to flounder around in this 20 dollar range for a while and for premium to bleed out over the next week or so.

UVXY

Sold UVXY 09/06/2019 40.00 Calls @ 0.38 to go along with the short Puts I sold earlier.
These replace the strike 40.0 calls I covered for a penny earlier.

TSLA Rollout

Bought to close TSLA 08/30/2019 215.00 Calls / Sold TSLA 09/06/2019 215.00 Calls @ 1.67 Credit.
I was not able to roll this up but I got a nice fat premium for the next 4 trading days.

AMBA miss

#Earnings. Wrong about the trade, but right about it being low probability.
Closed call side of $AMBA Aug30/Sept06 46.5 #DoubleCalendar for .00 to avoid assignment. Bought yesterday for .369

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 3rd 2820/2840-2975/2995 condors for 1.60. IV: 13.48%, SPX: 2923

Expiring: Aug 30th 2845/2865-2955/2975 condors, sold yesterday for 1.10.