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.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX July 2nd 2985/3005-3015/3035 condor for 18.35, with SPX at 3010.

VIAC Roll

One of the few stock positions with options that needing rolling:
Bought to close VIAC 06/26/2020 20.0 Covered Calls / Sold 07/02/2020 20.0 Covered Calls @ 0.18 Credit
Bought to close VIAC 06/26/2020 22.0 Diagonal Calls / Sold 07/02/2020 23.0 Diagonal Calls @ 0.27 Credit plus an extra point on the short strike.
Shortened trading week next week.

TQQQ

BTC July 10, 45 puts at .15, sold at .60

BTC July 17, 50 puts at .42, sold at .61

BTC July 17, 45 puts at .29, sold ay 1.58

BTC July 17, 40 putsa t.20, sold at 1.13

BTC July 17, 35 puts at .13, sold at 1.36

The charts are not looking good and the virus cases are not under control so this could get worse over the weekend. In WW2, we lost 416,800 servicemen in almost 4 years. So far we have lost 124,393 people to the virus in 6 months. We only have 292,507 to go and we will exceeded WW2.

LABU

#ShortPuts – Adding one to an earlier starter position…

Sold LABU JUL 10 2020 47.5 Put @ 2.17

TRADE:

AMRC BTO STOCK @26.77 & 27.50

SPY

6/26/20….Purchased SPY stock at 301.00…..STO 8/7/20 305 Call at 10.25…..BTO 7/17/20 280 Put at 3.10…
#coveredcalls #suecollar

PFE MRVL CCL Put Rolled / SQ Put

#shortputs
$PFE BTC 6/26 32.50 and STO 7/2 32.50 put at added .30 credit
$MRVL BTC 6/26 34 and STO 7/2 33.50 put at added .35 credit
$CCL BTC 6/26 21 and STO 7/2 21 put at added .10 credit
SQ STO 7/2 97 put at .85

SPY Diagonal Rollup

Bought to close 1 SPY 06/26/2020 307.0 Call / Sold 1 06/30/2020 308.0 Call @ 1.12 Credit Plus a point higher strike.
Potentially a $200 better result with 2 trading days until expiration.

PS: The SPY has contracts coming due each day next week because of the Quarterly expiration on 6/30 and the normal Friday expiration pushed to Thursday because of the July 4th Holiday.

TRADES:

WFC STO 7/2/20 24.5 PUTS @.46
APT STO 7/2/20 21.50 CALLS @.90

#putratiospread #ironcondor #rolling KRE JPM…

#putratiospread #ironcondor #rolling KRE JPM OXY VIAC

KRE sold Aug. 21, 32/32/35 ratio put spread for .58
JPM sold Aug. 21, 80/85/110/115 iron condor for 2.06
#tastytradefollow
OXY rolled July 17, 30 put to August 17, 30 put for .20, I’ve had it since March 4, going to have it for a while longer.
VIAC rolled July 17, 25 put to August 21 for .87

SPY Diagonal Rollup

Bought to close 1 SPY 06/26/2020 301.0 Call / Sold 1 06/29/2020 302.0 Call @ 1.02 Credit Plus a point higher strike.
Potentially a $200 better result with ONLY ONE ADDITIONAL DAY until the new expiration.

NVDA

#ShortPuts – Well outside the expected move and below the 50ma and a month before earnings.

Sold NVDA JUL 17 2020 330.0 Put @ 3.55

A TRADE:

AMRC BTO STOCK 26.77

VXX Diagonal rolls

Bought to close 06/26/2020 46.0 Calls / Sold 07/02/2020 46.0 Calls @ 0.55 Credit.
Sold this week’s 46.0 Calls @ 0.84 and 0.89 last Friday.

Bought to close 06/26/2020 40.5 Calls / Sold 07/02/2020 44.0 Calls @ 0.69 Credit Plus a 3.50 higher short strike.
Sold this week’s 40.50 Calls @ 1.69 last Friday

Bought to close 06/26/2020 39.0 Calls / Sold 07/02/2020 42.0 Calls @ 0.89 Credit Plus a 3.0 higher short strike.
Sold this week’s 39.0 Calls @ 1.39 last Friday