#nflx put spread ,12, jun…

#nflx put spread ,12, jun 435/430 btc 1.70/had sto 2.20 last week

#optionsexpiration GPS 7.50 covered call…

#optionsexpiration

GPS 7.50 covered call assigned
SDC 8.5 covered call
BOOT 12.5 put
CPRI 15 covered call
HTZ 3 covered call
LK 30 put, big loss
VFC 50 put

Expiration

#optionsexpiration
$ROKU 127 calls
$CODX 15 and 17.5 calls
$NEO 35 calls
$MRVL 28 calls
$NVAX 23 calls
$NET 22.5 put
$HAL 8 put
$MRNA 55 put
$DDOG 65 and 55 put

#assignment
$NLOK at $21 Basis 20.40. Stock at 20.03. Ooops 😉

A TRADE:

DKNG STO 5/22/20 26.0 PUTS @1.16

OPTION EXPIRATIONS, All 5/15/20

AAL 5/15/20 9.0 puts STO @.51
AAL 11.0 CALLS STO @.21
CCL 14.0 CALLS STO @1.15
CODX 11.0 PUTS STO @.55
CODX 14.0 PUTS STO @1.00
NET 31.0 CALLS STO @.55
NET 32.0 CALLS STO @.30
OSTK 14.0 PUTS STO @.40
OSTK 18.0 CALLS STO @.68
PM 5/15/20 70.0 & 74.0 Long puts STC TODAY.

2@

SPX 1dte

#SPX1dte Sold to Open $SPX May 18th 2730/2750-2930/2950 condors for 1.25, IV 18.8%, SPX 2859, deltas -.04, +.06.

Expiring: May 15th 2730/2750-2930/2940 condors, sold yesterday for 1.00.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX May 22nd 2830/2850-2860/2880 condors for 18.10, with SPX at 2854.

Expiring at max profit: May 15th 2920/2900 put spreads for 20.00. Condors bought last Friday for 17.05.

Nibbling at MMM

Ready to take a long term shot here. Sold $MMM 9/18 100 puts @ 2.20 with the stock at 136.46. Delta 11. Strike is well below the March low. Stock hasn’t been at 100 since early 2013.
#FallingKnife

SMH

#ShortPuts – Starter position…haven’t been in this one in a long time.

Sold SMH JUN 19 2020 115.0 Put @ 2.21

EWZ

#ShortPuts – A few positions in this one…

Bought to Close EWZ MAY 15 2020 22.0 Put @ .02 (sold for 1.50)
Sold EWZ JUN 19 2020 22.0 Put @ 1.45

Rolled the rest of the ladder adding to June monthly…

Rolled EWZ MAY 15 2020 23.0 Put to JUN 19 2020 23.0 Put @ 1.34 credit (2.42 total now)
Rolled EWZ MAY 15 2020 24.0 Put to JUN 19 2020 24.0 Put @ .97 credit (2.37 total now)
Rolled EWZ MAY 15 2020 25.0 Put to JUN 19 2020 25.0 Put @ .70 credit (2.48 total now)

SDGR NET Call Rolled

#coveredcalls
$SDGR BTC 5/15 50 call and STO 6/19 55 call at .35 added credit. Stock at 56.39. But is a gyrating stock.
$NET BTC 5/15 30 call and STO 6/19 34 call at .85 added credit. Stock at 30.37

Econ Calendar for week of 5/18/20

#FOMC Jerome Powell speaks Thursday

Screen Shot 2020-05-15 at 10.47.50 AM
Screen Shot 2020-05-15 at 10.47.50 AM

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

#shortstrangles BA Sold June 19,…

#shortstrangles BA #shortputs XOP

BA Sold June 19, 95/145 strangle for 6.20 BA is around 119
XOP Sold June 19, 40 put for 1.14, XOP is around 48.40

TQQQ

STO July 17, 35 put at 1.36

BYND iron condor

Idea from TastyTrade.
Sold $BYND 6/19 100/110/175/185 iron condor @ 2.91

Triple header

#VIXIndicator Since 1999, what happened this week has happened once previously: a Downside Warning going into effect after it had been canceled, with no Upside Warning in between… and then that happening AGAIN. It’s a “triple-header” of Downside Warnings (DW).

The Downside Warning was reinstated on Wednesday after being canceled Monday. The DW that preceded the big drop was on February 24th, and that was a double-header already, after the first DW on January 27.

Double-headers usually result in the SECOND drop being deeper than the first. That certainly happened this time, with the second drop being exceeded only by the 2008 financial crisis. The only triple header before now was in 2007, when the second warning didn’t go as low as the first, but the third went lowest of all.

So we don’t have enough data to build a historical model of what we are in now. But it’s interesting to see the history of these market double/triple dips.

Below is a chart of all occurrences of doubles/triples since 1999:

Screen Shot 2020-05-15 at 7.25.20 AM

DDOG Puts Closed

#shortputs
$DDOG BTC 5/15 65 puts at .20 STO at 1.90

AAPL

#ShortPuts – Going out to the monthly and selling at the 200ma. Slightly outside the expected move also…

Sold AAPL JUN 19 2020 265.0 Put @ 3.40