So much for that.

#VIXIndicator The Downside Warning was reinstated at the close Wednesday, as VIX closed over 25% higher than Monday’s close.

CINF puts

Sold $CINF 6/19 40 puts @ 1.45. Delta 19. Stock at 48.53.
Thanks again for the heads up on this @optioniceman.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX May 20th 2780/2800-2810/2830 condors for 18.30, with SPX at 2814.

CODX roll

#longcalldiagonals

I took profit on my CODX diagonal (may/aug) and reset the trade this morning into something you might find interesting. I bought a 1/2 size stock position and sold the June 18 straddle for $8.15. This creates a full size covered call profit structure with just 1/2 the stock size. As you probably know, selling a put equates to a covered call. So I have a full size covered call ceiling with only 1/2 the stock. Takes up less buying power. Got much more selling the put than the call, despite it being ATM at the time. Because of that, the smarter trade would have been just selling puts for a full size position (in hindsight).
I hear earnings are tomorrow….

Sue

AMZN iron condor

Sold $AMZN 6/19 2130/2150/2600/2620 iron condor @ 6.00. Short deltas 20 (puts) and 17 (calls).

TRADES:

PM BTO 70.0 PUTS @1.18 also have the 74.0 long puts 5/15/20 @3.65 from last week.
SDGR STO 5/15/20 60.0 CALLS @1.40 COVERED
SDGR STO 5/15/20 55.0 CALLS @2.50 COVERED Stock is volatile.

AAPL short calls

Sold $AAPL 6/19 335 calls @ 2.12. Wrote against long stock so the calls are covered.

#rolling APA Rolled May 15,…

#rolling APA #ironcondor QQQ

Rolled May 15, 11 put to June 12 for .85, APA down $1.00 below 11 today.

QQQ Sold June 19, 185/195/235/246 for 2.68.

AMD Roll Out

Rolled $AMD May 15 2020 52 #ShortPuts // May 22 2020 @0.90 Credit

SPY

#ShortPuts – Sold SPY JUN 05 2020 260.0 Put @ 3.40

LULU Roll Out

Rolled $LULU May 15 2020 115/125 #BuPS // May 22 2020 @1.00 Credit.

#shortputs CODX Bought May 15,…

#shortputs CODX

Bought May 15, 14 put for .15, sold May 7 for 1.25.
Thanks geewhiz112 for the ticker and Ramie for pointing out earnings.

Markets

And so it begins again. New lows so far today in the SP500:
GE – 5.48
IVZ – 6.71 (8.56% Div)
WFC – 22.10 (8.49% Div)
LUV – 23.52
CINF – 49.00 (4.66% Div)
BXP – 75.00 (4.98% Div) REIT
AAL – 8.83
WBA – 38.48 (4.52% Div)
L – 28.25

NVAX Put Roll / CODX Covered Call roll

#shortputs
$NVAX BTC 5/15 19.50 put and STO 5/22 32 put at 1.17 added credit. Stock at 42.20
#coveredcalls
$CODX BTC 5/15 17.50 call and STC 6/19 19 call at 1.25 added credit. Stock at 18.25

CODX–closing and reinitiating

Bought to close $CODX diagonal call spread (long 8/21 9 calls + short 5/15 15 calls) @ 5.83 for a quick .50 profit with the stock running. Thanks for the great idea @smasty.

But I just can’t quit you, CODX. Reinitiated another diagonal call: bought 8/21 10 calls + sold 6/19 20 calls @ 6.00 debit. Earnings tomorrow (5/14) after the bell.

TQQQ

#ShortPuts – Selling against a DITM covered call position so wouldn’t mind a pullback…

Sold TQQQ JUN 12 2020 55.0 Put @ 2.20
Sold TQQQ JUN 19 2020 55.0 Put @ 2.85