Shark Investing

Anyone familiar with this place?

https://sharkinvesting.com/

EWZ DiagBFly

#DiagonalButterfly

BTC 1 EWZ June 26: 30 short straddle @ $1.91 (originally sold for $1.79)
STO 1 EWZ July 02: 28 straddle @ $1.89

The short straddle is covered by a long EWZ Sep 18: 24 put / 30 call strangle.

This setup appears to be pretty forgiving. One side always expires worthless, so I just buyback the side that is ITM. Let the OTM side expire worthless. Then re-establish a new weekly straddle.

Only problem is that the trade is so boring one starts to lose interest quickly. Long Live Boring!

Expirations

These expired pretty close to the money. As of a few days ago seemed relatively safe but watched them through today’s close:
$UVXY 6/26 39/49 bear call spread
$UVXY 6/26 40/50 bear call spread
$UVXY 6/26 41/46 bear call spread

Expirations

Just two this week:

OX – $LULU Jun-26-2020 265/275 #BuPS – as STO @1.65.
OX – $AAL Jun-26-2020 $19 #CoveredCalls – was STO @0.44.

Happy weekend all!

Options Expiration

#OptionsExpiration – I had one! 🙂 🙂

UVXY 30 Puts (sold for 1.60)

Expiration

#optionsexpiration
$ROKU 116 call Stock called away after months and months of rolling.
$ROKU 114 call Stock called away after months and months of rolling. Net loss overall but thanks to rolling a manageable one.
TQQQ 110 call
SQ 88 put
$ROKU 110 Put

Options Expiration

The market must be down on the week if all these are expiring today. Last week, almost nothing was expiring and everything needed to be rolled.

Expired:
AAL 06/26/2020 12.50 Covered Call
ADS 06/26/2020 50.00 Covered Call
ADS 06/26/2020 52.50 Covered Calls
KSS 06/26/2020 19.50 Covered Calls
KSS 06/26/2020 20.00 Diagonal Calls
KSS 06/26/2020 23.00 Diagonal Calls
SLB 06/26/2020 18.00 Covered Calls
SLB 06/26/2020 18.50 Covered Calls
SLB 06/26/2020 20.50 Diagonal Calls
SLB 06/26/2020 21.00 Diagonal Calls
SQQQ 06/26/2020 9.00 Covered Calls
SQQQ 06/26/2020 10.00 Covered Call
WBA 06/26/2020 42.00 Covered Call
WFC 06/26/2020 28.00 Covered Calls
WFC 06/26/2020 28.50 Covered Calls
WFC 06/26/2020 29.00 Diagonal Calls
WFC 06/26/2020 30.00 Diagonal Calls

VXX 06/26/2020 32.00 Diagonal Puts
VXX 06/26/2020 32.50 Diagonal Puts
VXX 06/26/2020 33.00 Diagonal Put
VXX 06/26/2020 34.00 Diagonal Puts

Assignments:
NONE

SPX 1-dte

#SPX1dte Sold to Open $SPX June 29th 2870/2890-3100/3120 condors for 1.20, IV 21.4%, SPX 3013, deltas: -.05, +.05.

Expiring: June 26th 2965/2985-3150/3170 condors, sold yesterday for 1.30.

VXX puts

Sold VXX 07/02/2020 32.0 Puts @ 0.34 replacing similar options about to expire.

VXX one last roll

Bought to close VXX 06/26/2020 36.50 Diagonal Calls / Sold VXX 07/02/2020 41.00 Diagonal Calls @ 0.52 Credit plus and extra 4.50 improvement in the short strike price.
Sold the 36.50 Calls @ 1.63 and covered them @ 1.00 although they looked like they might expire early this morning.