Options Expiration

CCL 15 put
LB 15 put
WFC 27 covered call #assignment
XOM put ratio spread

Options Expiration

#OptionsExpiration – Let one go the distance today…

TNA 26.5 Puts (sold for 1.19)

UAL

BTO Jun 19 44/42 Put spread $1.05
#In-Out

#shortputs #closing DAL Bought 2…

#shortputs #closing DAL

Bought 2 July 17, 35 puts for 4.80 each, sold the first one March 3, too early, so I sold another on March 6, still too early, rolled 5 times and finally made a little phew.

#closing #shortstrangles ROKU Bought July…

#closing #shortstrangles ROKU

Bought July 17, 80/140 for 1.50, sold May 28 for 3.55.

SPX 7dte

#SPX7dteLong. Bought to Open $SPX June 12th 3200/3220 call spreads for 9.25, with SPX at 3192. Only going with call side this time. Which probably means I just called the market top!

SPX 1dte

#SPX1dte Playing for more upside on Monday with #RiskReversal. Placed as one trade:
Sold to Open $SPX June 8th 3130/3110 put spreads for .81
Bought to Open $SPX June 8th 3260/3280 call spreads for .51.
Net credit .30

SPY TQQQ

#ShortPuts – Unloading a lot of risk a couple weeks early. Rode the SPY 290.0 all the way down and all the way back up with no adjustments so very happy to be out of that one.

Bought to Close SPY JUN 19 2020 280.0 Put @ .31 (sold for 2.50)
Bought to Close SPY JUN 19 2020 290.0 Put @ .55 (sold for 7.05)

Bought to Close TQQQ JUN 19 2020 55.0 Put @ .15 (sold for 2.85)

SLB

#CoveredCalls – Finally able to sell a few of these closer to my basis…

Sold SLB JUN 12 2020 23.0 Calls @ .37

Econ Calendar for week of 6/8/20

#FOMC Announcement and Press Conference Wednesday afternoon

Screen Shot 2020-06-05 at 10.29.30 AM
Screen Shot 2020-06-05 at 10.29.30 AM

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

VXX new Put Diagonal

Bought to open 01/21/2022 8.0 Puts / Sold 06/12/2020 29.0 Puts @ 0.27 Credit
The long is 595 DTE and the short is 7 DTE with the stock at 29.14

VXX Diagonal roll downs

Bought to close VXX 06/05/2020 31.0 Puts / Sold VXX 06/12/2020 30.50 Puts @ 0.28 Credit + 0.50 better strike
Bought to close VXX 06/05/2020 30.50 Puts / Sold VXX 06/12/2020 30.00 Puts @ 0.40 Credit + 0.50 better strike
Bought to close VXX 06/05/2020 30.0 Puts / Sold VXX 06/12/2020 29.00 Puts @ 0.21 Credit + 1.00 better strike

Happy with these rolls at least. Paid for my Jan and June 2021 long puts all over again.
#DoubleDip

Closing BA

Bought to close $BA 7/17 130/120 bull put spread @ .40. Sold for 2.06 on 5/28.

XLF

STC Back Ratio sold 5-29 for 0.11 Cr STC 0.65 net profit 73.00

A TRADE:

AAL STO 6/19/20 30.0 CALLS @.86

May Jobs Report

#Jobs — Here is full data from today’s report. March and April both revised down, but not enough to overtake the huge gain in May.

Gain of +2,510,000 non-farm payroll jobs, vs. expected 8.3M loss
Unemployment at 13.3%, down by 1.4%, vs. expected 19.5%
U6 unemployment at 21.2%, down by 1.6%
Avg Hourly Earnings down by 0.965%
Labor force participation 60.8%, up by 0.6

April revised down from -20.5M to -20.7M
March revised down from -870K to -1.4M

VXX

Rolled short July 19 to Sept 18 17 put $0.31 Cr
Rolled short July 20 to Sept 18 18 put $0.43 Cr
Sold 5-6 against Jan 21 Long 19 & 20 Puts

DOCU Earnings

#ShortPuts #Earnings #OneNightStand – Good enough…

Bought to Close DOCU JUN 19 2020 125.0 Put @ .90 (sold for 2.60)

TNA

#ShortPuts – Tried a little different strateegery on this one. Had some covered calls that got run over that were below my basis. A couple weeks ago I let the stock get called away for a loss and immediately started selling aggressive puts. This was easier and quicker to recover than trying to roll DITM calls.

Staying aggressive…daring Mr. Market to come after these.

Sold TNA JUN 19 2020 30.0 Puts @ 1.41 (replacing today’s expiration)

AAPL

#ShortPuts – Out a couple weeks early…

Bought to Close AAPL JUN 19 2020 265.0 Put @ .18 (sold for 3.40)

VXX

BTO Sept 18 80 Call $0.51

SPX trades

#SPX7dteLong GTC order filled in pre-market: Sold to close $SPX June 8th 3060/3080 call spreads for 19.20. Will try to get a few cents for put side today. Condors bought for 17.50 on Monday.

#SPX1dte STOPPED: BTC $SPX June 5th 3160/3180 call spreads for 6.75. Condors sold for 1.05 yesterday. Even with expected job losses, I didn’t expect market to drop today. But certainly did not expect this explosion. I will not be selling call spreads as often in this environment.

May Jobs Report

#Jobs — Actually GAINED rather than expected loss.

Gain of +2,510,000 non-farm payroll jobs, vs. expected 8.3M loss
Unemployment at 13.3%, down by 1.4%, vs. expected 19.5%