#perpetualrollingstrangles #inversestrangle TSLA
Rolled June 19, 325/450 inverted ugly strangle to July 20, 330/445 slightly less ugly inverted strangle for 1.17
Monthly Archives: May 2020
TQQQ
In my IRA:
STO June 19, 40 put at .54
STO June 19, 45 put at .85
SPY
#ShortPuts – Bought to Close SPY MAY 15 2020 265.0 Put @ .03 (sold for 2.30)
NVDA Earnings 5/21
SPX closure
#SPX7dteLong In premarket, GTC order filled: Sold to close $SPX May 13th 2870/2890 call spreads for 18.60. Condors sold last Wednesday for 17.90. Will sell put side today.
T Put Rolled
#shortputs
$T BTC 5/15 28 put and STO 6/19 28 put at .55 added credit.
Taking profits on XLE
Bought to close $XLE 6/19 jade lizard (28 puts + 36.21/37.21 bear call spread) for .87. Sold for 2.10 on 4/20.
Corrected: Originally posted .66 as the closing price but that was just the call spread. Total to close .87 so 59% of possible profit.
CARR Broke a double top…
CARR Broke a double top today, a buy signal on the Point & Figure chart.
TRADES:
AAL STO 5/15/2020 10.0 PUTS @.54
OSTK BTO STOCK @17.50 A little.
AAL STO 5/22/20 9.0 PUTS @.53
AAL STO 5/22/20 9.0 PUTS @.53
AAL STO 5/22/20 10.5 CALLS @.60
CARR BTO STOCK @18.73
SPX trades
#SPX7dteLong Bought to Open $SPX May 18th 2920/2940-2950/2970 condors for 16.80, with SPX at 2942. These are getting cheaper, which also means probability of profit has dropped.
#SPX1dte Expiring: May 11th 2825/2845-2990/3010 condors, sold Friday for .95
ILMN Sold 5 May 15 $325 Call to cover long stock @ $1.90 Stock up $8.66 today
#coveredcalls $ILMN
SOXL
STO August 55 puts at 2.90 with index at $140
MU
STC May 15 45/48 Call spread $2.30 BTO 5-5 $1.49
#nflx STO 12 jun 20…
#nflx STO 12 jun 20 430/435 put @ 2.20
WF – Might be time to give up on this one – Roll Down May 15 $27.50 to $24.50
NVAX Earnings
#shortputs #earnings
$NVAX STO 5/15 19.50 put at 1.10
#shortputs CCL Bought May 15,…
#shortputs CCL
Bought May 15, 11.50 put for .09, sold May 6 for .45.
Sold May 22, 12.50 put for .48
SPY
BTO IC May 15 297/299 Calls 278/275 Puts $0.57
My take off on Jeff’s SPX trades
NVTA Call Rolled
#coveredcalls
$NVTA BTC 5/15 17.50 calls and STO 6/19 17.50 calls at $1.00 credit. Stock at 17.55. If it continue up may roll again, or just take the extra dividend. Lowers my cost basis another 5%. Still a ways to go but going in the right direction.
AXSM Put Rolled
#shortputs
$AXSM BTC 5/15/95 put and STO 6/19 92.50 put at 3.50 added credit
SPY
#ShortPuts – Just for fun I’m going to try the tastytrade theory of selling at 45 days and rolling at 21 and see how it goes. Selling the expected move 46 days out…
Sold SPY JUN 26 2020 265.0 Put @ 4.52
#coveredcalls WFC Sold May 22,…
#coveredcalls WFC UNG
WFC Sold May 22, 26.50 call for .31
UNG Sold June 19, 15 call for .42
#OPTION EXPIRATION FRIDAY RCL 5/8/20…
#OPTION EXPIRATION FRIDAY
RCL 5/8/20 47.0 CALLS STO @.80
AAL 5/8/20 8.5 PUTS STO @.45
AAL 5/8/20 9.5 PUTS STO @.45
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
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
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…
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
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.
ROKU Earnings
#ShortPuts #Earnings – I’ve got some DITM covered calls in this so wouldn’t mind a pullback. Come and get it! LOL
Sold ROKU MAY 8 2020 123.0 Put @ 2.20
OLED Earnings
#JadeLizards #Earnings – Throwing one out there. Put side is outside the expected move and below the 50 day ma with no upside risk.
Sold OLED MAY 8 2020 135.0/155.0/157.5 Jade Lizard @ 2.55
SPX 1-dte
#SPX1dte Sold to Open $SPX May 8th 2760/2780-2950/2970 condors for 1.15, IV: 25.5%, SPX 2877, deltas -.05, +.05.
#earnings UBER Sold May 15,…
#earnings UBER
Sold May 15, 28/30 #putratiospread for .32
AMD
BTO May 22 52/54 Calls $0.97
#in-out
BYND
BTO May 22 118/120 Calls $0.98
EW STO Covering Existing Stock May 15 $220 @$3.30 w/stock at $218
Call expired last Friday, was hoping for a rebound to sell into
Closing PTON
Stock showing strength again so I’m giving a quick hook to this trade, keeping the loss to a minimum (.38). Bought to close $PTON 6/19 45/50 bear call spread @ 1.80. Sold earlier today for 1.42.
TQQQ
STO May 29, 50 put at .87
CODX Put Closed
#shortputs
$CODX BTC 5/15 10 put at .20. STO 4/14 at 2.85
NET Covered Call
#coveredcalls
$NET STO 5/15 call at 2.20
PTON post-earnings
Sold $PTON 6/19 45/50 bear call spread @ 1.42. Post-earnings, looking like it may have hit its high on the gap up. Short leash–if the stock moves back toward the morning high I’ll cut bait.
SPY
#ShortPuts – Wasn’t going to hold over the weekend so now is probably as good a time as any to book these.
Bought to Close SPY MAY 11 2020 270.0 Puts @ .15 (sold for 2.07)
Closing AMZN
Bought to close $AMZN 5/15 2130/2150/2480/2500 iron condor @ 1.96. Sold for 6.00 on 5/1.
AMD
Rolled $AMD May-08-2020 52 #Shortput // May-15-2020 @0.85 credit.
SPCE Earnings
#BearCallSpreads #Earnings – Sold these ITM and got a nice move. I’ll take it here and not be greedy…even though it’s coming out of a nice squeeze.
Bought to Close SPCE MAY 8 2020 19.0/16.0 Bull Put Spreads @ .60 (sold for 1.80)
AAPL
BTO May 22 305/302.5 BePS $1.15
ZM
STC May 15 136/139 Call Spread $2.37 BTO 4-30 $1.45
SQ Earnings
#ShortPuts #Earnings #OneNightStand – See ya next time…
Bought to Close SQ MAY 15 2020 60.0 Puts @ .20 (sold for .85)
OLED earnings analysis
#Earnings $OLED reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 20, 2020 AC -2.46%
Oct. 30, 2019 AC +15.27%
Aug. 1, 2019 AC -1.64%
May 2, 2019 AC +8.76%
Feb. 21, 2019 AC +23.03%
Nov. 1, 2018 AC -20.50% Biggest DOWN
Aug. 9, 2018 AC +13.54%
May 3, 2018 AC +12.43%
Feb. 22, 2018 AC -15.81%
Nov. 2, 2017 AC +9.52%
Aug. 3, 2017 AC -1.30%
May 4, 2017 AC +23.87% Biggest UP
Avg (+ or -) 12.34%
Bias 5.39%, strong positive bias on earnings.
With stock at 150.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 135.19 to 164.81 (+/- 9.9%)
Based on AVERAGE one-day move over last 12 quarters: 131.48 to 168.52
Based on MAXIMUM one-day move over last 12 Q’s (23.9%): 114.20 to 185.81
Based on DOWN max only (-20.5%): 119.25
Open to requests for other symbols.
SPX trades
#SPX7dteLong Bought to open $SPX May 13th 2840/2860-2870/2890 condors for 17.90, with SPX at 2859.
#SPX1dte Expiring: May 6th 2770/2790-2940/2960 condors, sold yesterday for 1.20.
Closing TLT
Bought to close $TLT 6/19 170/175 bear call spread @ .70. Sold for 1.50 on 4/27.
TQQQ
STO May 29, 40 puts at .40
STO May 29, 45 puts at .68
STO June 5, 40 puts at .68
TQQQ
BTCMay 8, 50 puts at .02 and still waiting on the 45 puts and the 40 puts to fill at .01 cent.I don’t mind taking the risk off for a penny or two.
#earnings SQ Sold June 19,…
BYND STO 3 CC May 8 $125 net $118.9 Stock at $123.88
AAPL Earnings swap for SQ Earnings
#ShortPuts #Earnings – Closing AAPL and adding SQ. Out a week for a little more safety…
Bought to Close AAPL MAY 15 2020 265.0 Put @ .35 (sold for 2.25)
Sold SQ MAY 15 2020 60.0 Puts @ .85
Going back into DIS
Slowly. Sold $DIS 6/19 90 puts @ 2.08. Delta 21.
Options Bistro 