Markets

btfd

SQQQ

Buy Write
Bought 100 SQQQ / Sold 1 SQQQ 07/17/2020 8.50 Covered Call @ 7.27 Net debit.
The all time low on the stock was 7.30 about a week ago.

SPX 1-dte

#SPX1dte Bought to close $SPX June 30th 3105 calls for .50. Talk about blind side… exited this AFTER its run up to 3111. Condors sold yesterday for 1.15

Sold to open $SPX July 1st 3005/3025-3170/3190 condors for 1.20. IV 20.7%, SPX 3105, deltas -.06, +.06.

Closing CODX

Closed diagonal call spread (sold to close 8/21 10 calls + bought to close 7/17 20 calls) @ 7.63. Would think about rolling the short leg out to August but with earnings before opex I decided to just close the position for a nice profit. With a previous roll overall profit 2.68. Adjusted basis after rollout was 4.95.

MSFT BUPS Closed

#bups
$MSFT BTC 7/10 167.50/177.50 BUPS at .10. STO 6/8 at 1.36.

BA BUPS Closed -Badabadabing!

#bups
$BA BTC 7/17/110/120 BUPS at .10. STO 5/29 at 1.77. Thank you @Ramie

FB July Iron Condor

Sold $FB 7/17 200/210//240/250 iron condor @ 2.78. Short term. Slightly bullish (short puts 25∆ short calls 19∆).
Looking for volatility contraction over the next week. IV rank 48.

/GC

Gold Smashes Above $1800 For First Time Since 2011

SPY Ladder unwind

Bought to close 06/30/2020 308.00 Call @ 0.25
Sold to close 07/17/2020 315.00 Call @ 2.42

On 5/22 Bought 07/17/2020 315.00 Call @ 2.20

At the time I sold a 05/29/2020 297.00 Call @ 2.25 which I have rolled and rolled (for a credit each time) until it became today’s 308.00 short call which I sold last Friday for 1.27.

Today I unwound both sides for a gain on both sides.
I’m pretty sure that the July 315.00 long call would have ended up worthless so I’m glad to get out of it.

VXX

New diagonal Put Spread
Bought to open 06/18/2021 9.00 Puts / Sold VXX 07/02/2020 32.50 Puts @ 0.16 Credit.
The short has 2 DTE and can be rolled weekly and the long has 353 DTE