5 CC established net $6.83.
Rolled 5 Apr 9 $7.50 Call (bought $.88) to Apr 17 $7.50 (sold $1.15).
With roll credit cost reduced by $.27 to $6.83.
Stock trading at $8.35.
Daily Archives: Thursday, April 9, 2020
Buying it this time
#SPX1dte After getting slammed for the third time this year on a Monday, I am going long the condor for this three-day weekend.
Bought to Open $SPX April 13th 2590/2610-2920/2940 condors for 1.55. Any gap open will give me at least a small profit. The tough part will be whether to wait and see if we get another 5%+ day…
ROKU ROLL (Shall we dance)
#coveredcalls
BTC 4/9 92 call and STO 4/17 97 call at added $1 credit. Stock at 91.66
SPY
#ShortPuts – As an experiment throwing a little put ladder out there for next week. Maybe talk Mr. Market down just a little…
Sold SPY APR 13 2020 270.0 Put @ 1.35
Sold SPY APR 15 2020 265.0 Put @ 1.55
Sold SPY APR 17 2020 260.0 Put @ 1.67
XOP adding calls to create a strangle
Sold $XOP 5/15 53 calls @ 1.12 (22 delta) to create a short strangle with my 35 puts. Total premium taken now 3.42.
LABU SPCE SPY TQQQ TSLA UDOW
#CoveredCalls #ShortPuts – A few rolls to finish the week…
LABU: Various covered calls rolled out and up to May monthly for small credits.
SPCE: Covered and prior to earnings.
Rolled SPCE APR 9 2020 14.0 Calls to APR 24 2020 15.0 Calls @ .09 credit
SPY: Will continue selling puts against these covered calls on (if) any weakness.
Rolled SPY APR 9 2020 255.0 Calls to APR 24 2020 258.0 Calls @ .01 credit
Rolled SPY APR 9 2020 253.0 Call to MAY 15 2020 260.0 Call @ .25 credit
TQQQ: Covered and hoping for more stock next week.
Rolled TQQQ APR 09 2020 47.0 Call to APR 24 2020 50.0 Call @ even
TSLA: Covered and rolling to week after earnings.
Rolled TSLA APR 09 2020 475.0 Call to MAY 01 2020 500.0 Call @ .83 debit (total premium now 25.00)
UDOW: Trying for more stock.
Sold UDOW APR 17 2020 50.0 Put @ 2.85
Bought to Close UDOW APR 17 2020 30.0 Put @ .15 (sold for 3.29)
Happy Easter everyone!
#rolling TSLA Rolled April 17,…
#rolling TSLA
Rolled April 17, inverted 300/450 to May 15, 320/450 inverted ugly strangle for 3.24. This deep in the money call move is essentially receiving $2,000.
Earnings are coming up April 22 according to TDA. I’ll add some upside protection next week.
Rolling AMD NUGT TQQQ RCL
#coveredcalls
$AMD BTC 4/9 50 call and STO 4/17 52 call at .48 credit
$NUGT BTC 4/9 9 call and STO 4/17 10 call at .12 debit
$TQQQ BTC 4/24 55 call and STO 4/17 57 call at .05 debit
#shortcalls
$RCL BTC 4/9 35 call and STO 5/1 40 call at 1.00 debit Stock at 42.55.
Joyous Easter and Passover to all. Early but rolling is exhausting. 😉
SDC
Rolled 200 Apr 9 $4.50 to Apr 17 $4.50 for $.32 credit. Paid $4.52 for stock when call established. $4.70 now.
#shortputs #closing XOP Bought May…
#shortputs #closing XOP
Bought May 15, 7 put for .20, sold March 24, pre split, for .89.
#coveredcalls #rolling T Rolled 29.50…
#coveredcalls #rolling T AAL
T Rolled 29.50 covered call to April 17 for .38
AAL Rolled 10 call to April 17 for .38
NVDA put spread
Sold $NVDA 5/15 250/240 bull put spread @ 3.00
Two expirations
Two positions expiring today.
CCL Covered Call 04/9/20 $12.50 net cost $11.68
HAL Covered Call 04/09/20 $7.50 net cost $6.84
Options Bistro 