#OptionsExpiration

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

CMG 10/25/2019 892.50 Call
CMG 10/25/2019 900.00 Call
CMG 10/25/2019 925.00 Call
CMG 10/25/2019 930.00 Calls
DUST 10/25/2019 8.00 Covered Calls
DUST 10/25/2019 8.50 Covered Calls
FB 10/25/2019 190.00 Calls
UVXY 10/25/2019 27.00 Calls

CMG 10/25/2019 740.00 Puts
CMG 10/25/2019 750.00 Puts
IRBT 10/25/2019 45.00 Puts
NUGT 10/25/2019 25.00 Puts

SPX 1 dte

#SPX1dte Sold $SPX Oct 28th 2975/2985-3045/3055 condors for .45, 10-wide, double size, IV 5.80%, SPX 3021.

Expiring, Oct 25th 2950/2970-3030/3050, sold yesterday for .80.

TSLA

New TSLA Diagonal Put Spread
Sold TSLA 11/01/2019 285.00 Puts / Bought TSLA 12/20/2019 185.00 Puts @ 0.37 Credit.
I would welcome a pullback to the 285 level given my current exposure to the short side via spreads.

UVXY Rollouts and a new long

Bought to close UVXY 10/25/2019 22.50 Puts / Sold UVXY 11/01/2019 22.50 Puts @ 0.25 Credit.
Bought to close UVXY 10/25/2019 21.00 Puts / Sold UVXY 11/01/2019 21.00 Puts @ 0.46 Credit.

Used part of the cash flow to buy a new long position to act as a hedge and reduce margin.
Bought to open UVXY 12/06/2019 14.00 Puts @ 0.14.

TSLA

With all the crazy spreads and rollups in TSLA I find that I have 6 more LONG calls than short Calls in the stock.
So I am cashing one of them in today.
Sold to close 1 TSLA 11/01/2019 305.00 Call @ 26.50. Bought this on 9/23 @ 1.47.
Getting something back against all the spreads that went wrong after earnings.

  • And I’m still long term bearish on the stock

VIX collapsing

#VIXindicator The Upside Warning coming through this time, with $VIX hitting lowest level since July 29th. $SPX came within .59 of all-time high earlier today.

AMZN closed

#Earnings . BTC $AMZN #IronButterfly for for 21.46. Sold yesterday for 27.00. Nice when these work.

SLB Rollup

Bought to close SLB 10/25/2019 35.00 Covered Calls / Sold SLB 11/01/2019 36.00 Calls @ 0.15 Credit plus a point better strike. And I made money on the Calls just covered. So a win-win. 🙂

BYND – Credit in and Credit Out

Last Monday I sold a BYND Diagonal Put Spread
Sold BYND 10/25/2019 100.00 Puts / Bought BYND 11/15/2019 75.00 Puts @ 0.60 Credit.

Today I Closed out both sides and got another Credit
Bought to close BYND 10/25/2019 100.00 Puts / Sold to close BYND 11/15/2019 75.00 Puts @ 1.64 Credit.

These were my last BYND positions. Since I started trading this one with Bear call spreads and many early exercises along the way, I think I made money overall, but it wasn’t easy. The stock round tripped from 95 to 240 and back again in about 4 months.

  • I’m done with this one.

ULTA

#CoveredCalls – Last one of the day…

Rolled ULTA OCT 25 2019 240.0 Call to NOV 1 2019 242.5 Call @ 2.25 credit