OptionsExpiration

Expired:
AAL 05/01/2020 15.00 Covered Calls
AGNC 05/01/2020 13.50 Covered Calls
CCL 05/01/2020 15.50 Covered Call
GLW 05/01/2020 23.00 Covered Call
SLB 05/01/2020 17.50 Covered Calls
SLB 05/01/2020 18.00 Covered Calls
SLV 05/01/2020 14.50 Covered Call
WFC 05/01/2020 32.00 Covered Call

AAL 05/01/2020 9.00 Put
VXX 05/01/2020 35.00 Covered Put
VXX 05/01/2020 34.50 Covered Put

No assignments

OXY Roll UP

Bought to close OXY 05/01/2020 17.50 Covered Calls / Sold OXY 05/08/2020 18.00 Covered Calls @ 0.41 Credit plus 0.50 Higher strike.
The stock closed at 15.24 today.

SPX 1dte

#SPX1dte Sold to Open $SPX May 4th 2695/2710-2930/2950 condors for 1.05, IV 22.5%, SPX 2833, deltas: -.04, +.04

GILD

Had a 87/77 BuPS for May1 got a bit dicy so I rolled it to next week for a 0.12 Cr, couple more rolls and I will have $0.0 risk

SPX 7dte Long

#SPX7dteLong Bought to Open $SPX May 8th 2810/2830-2840/2850 condors for 18.40, w/SPX at 2829.

TQQQ

#ShortPuts – Easy to roll and good premium. Adding one to May monthly.

Sold TQQQ MAY 15 2020 55.0 Put @ 2.21

VXX

BTO Jan 15 19 Put $1.46 adding to Position

TQQQ

#ShortPuts – Getting a little bounce so I’ll take it off for risk reduction…

Bought to Close TQQQ MAY 01 2020 65.5 Put @ 2.00 (sold for 5.20)

Cleared to rally now! 🙂 🙂

Quote of the day


Everybody realizes the US economy is in a bad spot. But most people still seem to believe it will bounce right back once we deal with the coronavirus… They’re all high on Federal Reserve fairy dust.

HPE rollout

Bought to close HPE 05/01/2020 9.50 Covered Call / Sold HPE 05/08/2020 9.50 Covered Call @ 0.22 Credit

AA rollout

Bought to close AA 05/01/2020 8.0 Covered Calls / Sold AA 05/08/2020 8.0 Covered Calls @ 0.20 Credit

AAL news

Analyst sets a $1 price target on American Airlines.

WDC news

Western Digital suspended their dividend.

Econ Calendar for week 0f 5/4/20

#Jobs report for April is Friday… it’ll be a doozy!

Screen Shot 2020-05-01 at 10.35.35 AM
Screen Shot 2020-05-01 at 10.35.35 AM

SPY

STO May 15, 240 put at .76 cents, small trade and my next add would be the 220 put.

TQQQ

STO May 15, 40 puts at .41 cents.

SPX 1-dte stopped

#SPX1dte Bought to close $SPX May 1st 2820/2800 put spreads for 3.50. Condors sold yesterday for 1.30.

So, between last Friday’s sale (Monday expiry) until this closure today, the #SPX1dte strategy was a loss of 1.05. Not bad for an unusual week with TWO stops.

AMZN loss

#Earnings Bought to close $AMZN 2325/2320 put spreads for 4.70. Sold for 1.50 yesterday.

Finally, the market seems to be doing what it should have been doing for weeks… dropping. Of course it was right after I decided to take bullish earnings trades! At least I got out of TSLA, but saving a few pennies by dumping out before expiration on this one. Not sure if I’m going to roll or just accept the loss. Gotta deal with my threatened SPX puts for now.

Slipped out the door just in time

$TSLA trade closed with profit before the drop…. $AMZN not gonna work…

https://platform.twitter.com/widgets.js

ASSIGNED ON 53 SDC MAY 1 $6. BTO 50 CC SDC MAY 8 $7.0 NET $6.40 STOCK AT $6.90

#coveredcalls #SDC

AMZN post-earnings

Sold $AMZN 5/15 2130/2150/2480/2500 iron condor @ 6.00 with the stock around 2300. Short strikes are at 18 delta. Credit received 30% of the width of the strikes.

VIAC rollup

Bought to close VIAC 05/01/2020 18.00 Covered Calls @ 0.01.
Sold VIAC 05/08/2020 19.00 Covered Calls @ 0.29 for next week with the strike a point higher.

TSLA closed

#Earnings Things looking a bit murky today, so closed $TSLA May 1st 720/715 put spreads for .30. Sold for 1.25 on Wednesday. Also have $AMZN put spread currently ATM.

#butterfly BA Sold June 19,…

#butterfly BA

Sold June 19, 115/125/125/130 put butterfly for 1.30 credit
#tastytradefollow

WFC

Bought 100 WFC / Sold 1 WFC 05/08/2020 28.50 Covered Call @ 27.47 Net debit.
Looking for my weekly $100

( the next ex-dividend date is on 05/07/2020 for 0.51 too )

#closing AAPL Bought May 15,…

#closing AAPL

Bought May 15, 260 put for 1.24, sold yesterday for 1.73.
Bought May 15 #ironcondor for .95, sold yesterday for 1.19

AAPL post-earnings

Sold $AAPL 6/19 275/265 bull put spread @ 2.61

AMD

Rolled $AMD May-01-2020 52 #ShortPuts // May-08-2020 @1.10 Credit.

Debated seeing how the day went and maybe taking assignment, kicked it to next week.

SPY

#ShortPuts – Selling outside the expected move and below the 50ma.

Sold SPY MAY 11 2020 270.0 Puts @ 2.07