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.
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.
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.
#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.
Sold CMG 09/06/2019 860.00 Calls @ 2.75.
Sold CMG 09/06/2019 870.00 Calls @ 1.30.
The stock is at 839.70 and is below the all time high hit this morning of 848.84. Hopefully these strike prices are high enough now that I don’t have to worry about them for the next 4 trading days.
These sales replace the 850 and 855 Calls I covered earlier at a nickel. #DoubleDip
New TSLA Diagonal Call Spread
Sold to open TSLA 09/06/2019 237.50 Calls / Bought TSLA 10/18/2019 310.00 Calls @ 0.69 Credit