Expiration

#optionsexpiration
$SPX 2760/2780-2950/2970 1 DTE Thank you @Jeff
$PFE 39 call
$TWTR 31.5 call
$TQQQ 50 put Thank you @jsd501
$SPY 270 put Thank you @fuzzballl

Have a nice Mother’s Day.

Downside Warning canceled

#VIXIndicator The VIX closed below the 78.6% retracement, so that cancels the DW. Crazy stuff on a day with jobs numbers like that. If we can close well Monday and Tuesday it will set up nicely for a further rally higher.

Options Expiration

#Earnings – I normally don’t do this but they never really took any heat so let ’em run the distance…

Expired:

OLED 135.0/155.0/157.5 Jade Lizard (sold for 2.55)
ROKU 123.0 Put (sold for 2.20)

Trades

BYND Rollout $125 to May 15 $130 $1.65 Credit

ISRG Diagonal Up May 8 $500 to May 15 $530 $26.55 Debit

SDC Diagonal UP May 8 $7.00 to May 15 $8 $.29 Debit

SDC Diagonal Up May 8 $7.50 to May 15 $8 $.12 Credit

New CC 1 Amazon May 15 $2380 Net $2344 Net

ET Diagonal DOWN May 8 $9 to May 15 $7.50 $.40 Credit

WFC Diagonal DOWN May 8 $27.50 to May 15 $27 $.18 Credit (Hopeful thinking?)

CAH Diagonal UP May 8 $47 to May 15 $49.50 $.80 Debit

TQQQ

BTC May 15, 40 puts at .02

SPX 1-dte

#SPX1dte Sold to Open $SPX May 11th 2825/2845-2990/3010 condors for .95, IV 14.75%, SPX 2929, deltas -.06, +.05

Expiring: May 8th 2760/2780-2950/2970 condors, sold yesterday for 1.15.

LULU

OX $LULU May-8-2020 190/200 #BuPS. STO 4/26 @0.66.

STO $LULU May-15-2020 215/225 #BuPS @0.84.

TQQQ

#ShortPuts – Risk off…booking them a week early.

Bought to Close TQQQ MAY 15 2020 55.0 Put @ .15 (sold for 2.21)
Bought to Close TQQQ MAY 15 2020 60.0 Put @ .31 (sold for 2.47)

SPX 7-dte

#SPX7dteLong Bought to Open $SPX May 15th 2900/2920-2930/2950 condors for 17.05, with SPX at 2922.

Expiring: May 8th 2840/2860 call spreads for maximum credit, 20.00. Condors bought last Friday for 18.40.

TRADES:

AAL STO 5/15/20 10.0 PUTS @.61
DAL BTO STOCK @22.55
CARR BTO STOCK @18.08
AAL STO 5/15/20 11.0 CALLS #STRANGLE See Put above.

TQQQ

#ShortPuts – Come and get it…

Sold TQQQ JUN 5 2020 60.0 Put @ 2.20

MRNA Puts

#shortputs
$MRNA STO 5/15 55 put at 1.45

Econ calendar for week of 5/11/20

Screen Shot 2020-05-08 at 11.13.56 AM
Screen Shot 2020-05-08 at 11.13.56 AM

Link to calendar: https://research.investors.com/economic-calendar/

TSLA, SQ, TLRY, OXY, VIAC

BTC $TSLA May 15 2020 670/680 #BuPS @.32. Was Sto 4/29 @2.20
BTC $SQ Jun 19 2020 50/60 #BuPS @0.75. STO 5/6 @1.52

Assuming things don’t go crazy this afternoon:

OX $TLRY May 8 2020 $6.50 #ShortPut – STO 5/1 @.36
OA $TLRY May 8 2020 $7.00 #CoveredCalls – STO 5/1 @0.55. Overall Basis on the stock is $3.88. Position opened 3/31.

OX $OXY May 8 2020 $16 Call #CoveredCall
STO $OXY May 22 2020 $16 Call @0.44

OA $VIAC May 8 2020 $17 #CoveredCall – Position opened 4/23, @15.05, Basis @14.80 after roll last week.

TQQQ

STO MAy 22, 55 puts at .51

STO May 29, 55 puts at .51

STO June 19, 55 puts at 2.42

The higher the strike price, the smaller I trade.

BYND

STC May 22 118/120 Call Spread $1.45 BTO 5-7 $0.98
1 Day took profit

SPY SQ puts CLOSED / NLOK Puts

#shortputs
$SPY BTC 5/8 270 put at .06. STO at 1.70 on 4/28. Thank you @fuzzballl
$SQ BTC 5/15 60 put at .10. STO at .85 on 5/6. Thank you @fuzzballl for earnings on this earnings trade.
$NLOK STO 5/15 21 put at .65

#closing C SQ C Bought…

#closing C SQ

C Bought June 19, 35/55 strangle for 1.17, sold April 27 for 1.78.
SQ #earnings May 5, sold 50/90 strangle for 1.70, bought today for 1.45.

ROKU

#ShortPuts – Added on the early weakness. The additional put sales are being used to finance ITM covered call rolls…

Sold ROKU MAY 15 2020 115.0 Put @ 1.30

CODX

#longcalldiagonals

Thanks for the idea guys, I’ve placed the following diagonal:
Bought Aug 9 calls for 6.76
Sold May 15 calls for 1.40

TGIF!
Sue

SPX 7-dte

#SPX7dteLong
In the pre-market, filled on GTC order, Sold $SPX May 11th 2840/2860 call spreads for 18.00. Condors bought for 18.20 on Monday. Will sell the put side today. Right now I’m asking 1.80, which I can get with a minor pullback.

Good Morning

Good Morning

April Jobs Report

#Jobs — biggest losses since WW2

Loss of 20,500,000 non-farm payroll jobs, vs. expected 21.5M loss
Unemployment at 14.7%, up by 10.3%, vs. expected 16%
U6 unemployment at 22.8%, up by 14.1%
Avg Hourly Earnings up 4.3%
Labor force participation 60.2%, down by 2.5, lowest in over a decade

March revised down from -701K to -870K
February revised up from +214K to +230K

PTON Assignment and evolution of the position

CC strategy left a lot of money on the table with the big run up. Maximized the profit on the position ….but tough to leave the $ on the table.

14.7% Return in 21 days….would take that any time.

Should have rolled up prior to earnings announcement and again yesterday after strong opening. I would like to have a position in PTON and continue writing. I rolled PTON up in other account…caught sleeping on this one.