Took the opportunity to get out of the remaining contracts at a little better than 50% of the profit. Don’t want to take a chance of another spike combined with low liquidity of these contracts.
Bought to close 9/20 21 calls (equivalent of post-reverse split 105) @ .75. Sold for 1.55 on 5/29.
Daily Archives: Friday, September 6, 2019
SPX 1-dte
#SPX1dte Sold to Open $SPX Sept 9th 2925/2945-3010/3025 condors for .85, IV 7.14%, SPX 2981.
Volatility really drains quickly after we pass 3pm ET. I looked at this only 30 minutes earlier and it was going for 1.10.
OXY
9/6…BTC OXY 20 SEP 19 45/46/42.5 #jadelizard @.76….STO 8/23 @1.21…Thanks @thomberg1201 for the idea
Econ Calendar week of 9/9/19
Link to calendar: https://us.econoday.com/byweek.asp?day=9&month=9&year=2019&cust=us&lid=0
SPX 7-dte
#SPX1dte Sold to open $SPX Sep 13th 2870/2895-3035/3060 condors for 2.45, IV 12.52%, SPX 2979.
Rolling ROKU
With the short calls breached, rolled the $ROKU 9/20 170/180 bear call spread out to October for a credit. Up 10 points on the call spread and added a put spread with the short strike at 15 delta. Position still leaning quite short with the short calls at 43 delta.
BTC 9/20 170/180 bear call spread
STO 10/18 180/190 bear call spread
STO 10/18 140/130 bull put spread
Overall credit for the roll: .54
Closing ULTA
Bought to close $ULTA 9/20 210/220/260/270 iron condor @ 1.10. Sold for 2.60 on 8/30.
TRADES:
STNE BTO STOCK @34.74 An add
GOOS BTO STOCK @40.06 An add
GOOS STO 9/13/19 41.0 PUT @1.50
GOOS STO 9/13/19 42.0 PUT @2.20
YETI BTC 9/13/19 28.5 PUT @.30 STO @1.20
OSTK
Rolled 9/6/2019 16.5 calls for 9/20/2016 17.5 calls @0.55 – my basis is now 15.3.
The stock popped up to ~16.93 today.
#earnings #closing LULU Bought Sept….
SPX 1-dte
Sold BuPS 2935/2930 at 0.25 expiring on 9/9/2019
Sold BuPS 2920/2890 at 0.45 expiring on 9/9/2019
#rolling #coveredcalls WDC Rolled ITM…
Rolled ITM 55 calls from Sept. 6 to Oct. 18 for .97 each, holding through another .50 dividend on October 3 unless there is assignment, stock is at 61.
LULU
August Jobs Report
#Jobs — falling a bit short short
+130,000 non-farm payroll jobs, vs. 150K expected
Unemployment at 3.7%, unchanged as expected
U6 unemployment at 7.2%, up by 0.2
Wages up 0.4%, 3.2% year over year
Labor force participation 63.2%, up 0.2
July revised down from 164K to 159K
June revised down from 193K to 178K
Options Bistro 