I entered this order about 4:10pm EDT thinking it would be in for the open tomorrow, but it filled right away.
All good I guess.
It would be nice if the market would pull back for a few days,.
Bought to close 1 SPY 06/24/2020 300.0 Call / Sold 1 SPY 06/30/2020 301.0 Call @ 0.38 Credit Plus a point on the strike.
Rolled this to avoid assignment tomorrow night.
Monthly Archives: June 2020
SPX 1-dte
#SPX1dte Sold to Open $SPX June 24th 3035/3055-3205/3225 condors for 1.40, IV 22.2%, SPX 3139, deltas -.06, +.06.
TQQQ Put
#shortputs
$TQQQ STO 8/21 55 put at 1.80. Thank you @jsd501 for the idea
ROKU
#ShortPuts – Still trying to talk this one down to help my DITM covered calls…
Sold ROKU JUL 10 2020 115.0 Put @ 2.20
Market
According to Tasty Trade, 50% of the advance of the nasdaq is due to 5 stocks. That is making me very nervous.
TQQQ
BTC June 26, 45 puts at .01, sold at .85
I just need to buy the 50 puts and I am done for the week.
WORK
#ShortPuts – Not really to interested in this one so talking half in just a couple days…
Bought to Close WORK JUL 17 2020 29.0 Puts @ .48 (sold for .95)
NVDA TQQQ
#ShortPuts – Cleaning up some scraps during the insanity…
Bought to Close NVDA JUL 02 2020 315.0 Put @ .10 (sold for 5.51)
Bought to Close NVDA JUL 02 2020 325.0 Put @ .20 (sold for 3.06)
Bought to Close TQQQ JUL 02 2020 70.0 Put @ .23 (sold for 2.95)
TQQQ and QQQ
TQQQ is over 100 but below it’s peak of 120 while QQQ set a new all-time high.
Contango drift is strong with this one
VXX New diagonal Spread
Since my short puts for Friday are under a bit of pressure as the market continues up I added one more call spread.
Bought 1 07/31/2020 65.0 Call / Sold 1 VXX 06/26/2020 36.50 Call @ 0.04 Credit.
If this works out by Friday, I’ll have another free “Black Swan” long call for the next month.
ROKU TQQQ
#ShortPuts – Need a pullback now…
Bought to Close ROKU JUN 26 2020 110.0 Put @ .05 (sold for 2.35)
Bought to Close TQQQ JUN 26 2020 72.5 Put @ .05 (sold for 2.55)
Closing QCOM
Bought to close $QCOM 7/17 80 puts @ .75. Sold for 2.15 on 6/15.
WFC Calls
Sold WFC 06/26/2020 29.00 Calls @ 0.27
Sold WFC 06/26/2020 30.00 Calls @ 0.11
Stock at 27.70
AVGO
BTC $AVGO 6/26/2020 280/290 #BuPS @0.18 debit. Was STO 6/19 @1.25. Quick in and out.
#callbutterfly TSLA Bought a July…
#callbutterfly TSLA #shortstrangles XLE
TSLA Bought a July 17, 980/1000/1000/1020 call butterfly for 1.17
XLE Sold 34/45 strangle for 1.92 #tastytradefollow
TQQQ
BTC June 26, 40 puts at .01, sold at .42
BIIB
#ShortPuts – Booking it for safety. Just a quick in and out with the patent suit late last week…
Bought to Close BIIB JUN 26 2020 245.0 Put @ .30 (sold for 2.20)
SPX trades
#SPX7dteLong Bought to Open $SPX June 29th 3080/3100-3110/3130 Condors for 18.05, with SPX at 3108.
Expiring: June 22nd 3060/3080 call spreads for maximum 20.00. Condors bought last Monday for 18.35.
#SPX1dte Expiring: June 22nd 2960/2980-3195/3215 condors, sold Friday for 1.30
PFE Strangle
#shortstrangles
$PFE STO 6/26 32.5 put and 33.50 call at .55. Call is covered.
NVTA Covered Call / BYND BUPS / SQ Strangle
#coveredcalls
$NVTA STO 7/17 30 call at 1.50
#bups
$BYND STO 7/17 145/155 BUPS at 3.98
#shortstrangles
$SQ STO 6/26 107 call and 99 put at 2.65. Call is covered.
SPY new diagonal
Bought to open 1 SPY 09/18/2020 333.0 Call / Sold 1 SPY 06/29/2020 309.00 Call @ 0.14 Credit.
Does anyone else think this market is ridiculously overbought?
The long is 88 DTE while the short is 7 DTE and could theoretically be rolled every other day after 6/29.
The stock is 309.76
TQQQ
STO August 21, 50 puts at 1.54, small trade and will add at lower strikes if we ever get a decline.
LABU
#ShortPuts – Almost all closing orders. 🙂 🙂 This thing is coming out of a nice squeeze so taking a starter to maybe talk it down a little…
Sold LABU JUL 10 2020 47.5 Puts @ 1.75
LABU
#ShortPuts – Unless we get some selling it’ll be mostly closing orders for awhile…
Bought to Close LABU JUN 26 2020 40.0 Puts @ .05 (sold for 2.00)
#shortputs UAL #coveredcalls MRO UAL…
#shortputs UAL #coveredcalls MRO
UAL Sold July 17, 29 put for 1.16
MRO Bought 100 shares @6.26, sold July 17, 7 call for .30, debit of 5.96.
PINS short puts
Sold $PINS 8/21 20 puts @ 1.10. Delta 23, IV rank 43.
VXX – resetting diagonals
Sold VXX 06/26/2020 32.0 Puts @ 0.43
Sold VXX 06/26/2020 32.5 Puts @ 0.58.
Re-writing against 2021 and 2022 long puts.
#shortstrangles TWTR Sold July 17,…
#longcallspread TSLA Bought July 2,…
#longcallspread TSLA
Bought July 2, 1000/1010 call spread for 4.73. I’d like TSLA to go down 500 points.
KSS new diagonal
Bought to open KSS 08/21/2020 32.50 Calls / Sold KSS 06/26/2020 23.00 Calls @ 0.15 Credit.
The stock is at 22.04
SQQQ Covered Calls
Sold SQQQ 06/26/2020 9.00 Covered Calls @ 0.15 replacing similar calls that expired Friday
SPX trades from Friday
#SPX1dte Sold to Open $SPX June 22nd 2960/2980-3195/3215 condors for 1.30
Expired: June 19th 2985/3005-3185/3205 condors, sold Thursday for 1.15
#SPX7dteLong Sold to close $SPX June 22nd put side for .20. Call side previously closed for 18.00. Condors bought for 18.40, so .20 loss.
Bought to Open $SPX June 26th 3090/3110-3120/3140 condors for 18.15.
Econ Calendar for week of 6/22/20
Link to calendar: https://research.investors.com/economic-calendar/
Episode 9 – 100% Streaming
Spike Lee’s Da 5 Bloods, plus many streaming picks. And Bob Fuller guests in a tribute to Fred Willard. Catch an extended video interview with Bob, plus more details and links at https://thepickcast.com
Episode 8 – 100% Music
New music, old music, and Kevin guesses which music. An episode with music only, paired with episode 9 which is all streaming picks. // Find more details, links, and playlists at https://thepickcast.com
Expiration
#optionsexpiration
$NEO 25 puts
$T 28 puts
$CODX 15 puts
$SDGR 60 puts
$TQQQ 60 puts Thank you king of the TQQQ @jsd501
$HAL 11
$DDOG 65
$CCL 16 put
$SPY 280 Thank you @fuzzball
$SQ 88 puts
$SDGR 65 puts
$PFE call
$MRVL 35 call
$AMZN 2280/2300 BUPS
#assignment
$ROKU 120 calls
$ROKU 112 calls
$PLAN 40 calls
$DDOG 45 calls
$SDGR 55 calls
$MRVL 32.5 calls
AVGO + Expirations
STO $AVGO 280/290 Jun-26-2020 #BuPS @1.25 (Ex-Divy today)
Expiring:
OX $SPXL Jun-19-2020 45 #CoveredCalls – was STO @0.88. Stock closed at 42.13.
Assigned:
OA $OXY Jun-19-2020 $14.5 #CoveredCall – Stock is at ~19.70. Bought the shares at 15.32 in April, rolled calls a few times so my basis is 12.88- looked for a roll and couldn’t find a good one so letting it go – Of course, would have done better if I’d just held the stock and not sold the calls on it.
WFC Roll
Bought to close WFC 06/19/2020 28.50 Covered Calls / Sold WFC 06/29/2020 28.50 Covered Calls @ 0.52 Credit.
VXX diagonal
Sold VXX 06/26/2020 32.0 Puts @ 0.40 at the close.
#DoubleDip
WBA Rollup
Bought to close 1 WBA 06/19/2020 41.50 Covered Call / Sold 1 WBA 06/29/2020 42.00 Covered Call @ 0.16 Credit plus an extra 0.50 on the strike for one more week.
Moving AMZN to July
Taking the full loss on $AMZN 6/19 2580/2600/2620 iron fly (20.00 less 14.92 in premium taken in including rolls = 5.08 loss). Reinitiating in July with 7/19 2530/2550//2860/2880 IC @ 8.04. Short strikes both at 24 delta.
VXX Rolling Up more calls
It seems that Apple announcing they were reclosing some stores that they had reopened tanked the market.
Although it seems to be recovering, after VXX rallied 3 points off the low, I decided to roll way up for next week.
Bought to close VXX 06/19/2020 36.50 Calls / Sold VXX 06/26/2020 40.5 Calls @ 0.89 Credit plus 4 points on the short strike.
Bought to close VXX 06/19/2020 39.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.80 Credit plus 6 points on the short strike.
Bought to close VXX 06/19/2020 42.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.88 Credit plus 4 points on the short strike.
Bearish in small caps
Taking a bearish position in small caps. Sold $IWM 7/17 150/155 bear call spread @ 1.29 with IWM at 140.39. IVR rank 61.
XLV BUCS Closed
#bucs
$XLV STC 6/19 95/105 BUCS at 5.05. BTO at $6.00 on 5/11
TQQQ
STO July 31, 60 put at 1.90 for a starter position. This is my highest strike price so far.
TQQQ
In my IRA:
STO September 30 puts at .80
STO September 40 puts at 1.55
EWZ DiagBFly
BTC 1 EWZ June 19: 31 short straddle @ $1.37 (originally sold for $2.14)
STO 1 EWZ June 26: 30 straddle @ $1.79
The short straddle is covered by a long EWZ Sep 18: 24 put / 30 call strangle.
VRTX BUCS Closed / MSFT BUPS Closed / TQQQ Calls / CODX Put Closed
#bucs
$VRTX STC 6/19 270/300 BUCS at 12.81. BTO at 14.60 on 5/12. Was badly underwater last week.
#bups
$MSFT BTC 6/19 165/175 BUPS at .40. STO at 1.10 on 6/8.
#coveredcalls
$TQQQ STO 6/26 110 call at .50. Sold against $67 LEAPS
#shortputs
$CODX BTC 6/19 16 put at .30. STO 5/26 at 2.14
VXX Rollup – not waiting
This may expire if the market stays up but ….
Bought to close VXX 06/19/2020 35.0 Calls / Sold VXX 06/26/2020 39.0 Calls @ 0.39 Credit plus 4 points on the short strike.
I rolled this up from a strike 34.0 last week and now the short strike is well out of the money.
VXX new Diagonal put spread
Bought to open VXX 06/17/2022 8.0 Puts / Sold VXX 06/26/2020 34.0 Puts @ 0.07 Credit.
I can roll the short Puts weekly for the next 2 YEARS
VXX Put roll
Bought to close VXX 06/19/2020 33.0 Puts @ 0.07. Sold these on Monday @ 0.43
Replaced these with VXX 06/26/2020 33.0 Puts @ 1.17.
That is a 1.10 net credit on the roll.
Paid for the long side of the diagonal yet again
#DoubleDip
IRBT BWB
#BWB $IRBT BTO Aug 21, 80 / 75 / 65 Broken Wing Put Butterfly for 0.78 credit.
ADS rollup
Bought to close ADS 06/19/2020 52.0 Covered Calls / Sold ADS 06/26/2020 52.50 Covered Calls @ 1.52 Credit plus an additional 0.50 on the strike price.
WORK TNA
#ShortPuts – Just a couple today…
TNA: Rolling now in case we sell off later…
Rolled TNA JUN 19 2020 30.0 Puts to JUN 26 2020 28.5 Puts @ .30 credit (1.70 total now)
WORK: A tiny one for fun…
Sold WORK JUL 17 2020 29.0 Puts @ .95
TQQQ
BTC June 19, 55 puts at .01, sold at 2.42 and that is the last of this expiration. I have more next week and have my orders in at .01 cents
The debate rages on…. Bull or Bear?
The Bull Market Is Over. It’s Time To Sell The Rips, Not Buy The Dips
https://seekingalpha.com/article/4354018-bull-market-is-over-time-to-sell-rips-not-buy-dips?utm_source=push&utm_medium=onesignal&utm_campaign=20-06-18-article-2
SPY early assignment
Someone assigned my short 302 call for next Monday before I could roll it.
Luckily I still have a long July Call that is close to ITM.
Still….. it’s messy in an IRA
Visual Representation of Profit/Loss across 30 Covered Call Positions
The graphs represent the individual covered call positions across three accounts. Positions are tracked over time showing the daily profit/loss for the stock/option and net.
CINF – one more roll
Bought to close 1 CINF 06/19/2020 65.0 Put / Sold 1 CINF 07/17/2020 60.0 Put @ 0.60 Credit plus a 5.00 point lower strike.
NVDA BUCS Closed / TQQQ Puts / DDOG Put Closed /
#BUC
$NVDA STC 6/19 355/365 BUCS at 8.20. BTO 5/22 at 5.20
#shortputs
$TQQQ STO 7/31 50 put at 1.25. Thank you @jsd501
$DDOG BTC 6/19 put at .10. STO at 1.35 on 6/16
SPX 1-dte
#SPX1dte Sold to Open $SPX June 19th 2985/3005-3185/3205 condors for 1.15, IV 26%, SPX 3106, deltas -.06, +.06
BIIB
#ShortPuts – Going for a quickie…
Sold BIIB JUN 26 2020 245.0 Put @ 2.20
CINF
#ShortPuts – Thanks @optioniceman !
Sold CINF Aug 21 2020 50 Puts @ 2.00
WEX Short Puts
First time in this underlying. Sold $WEX 7/17 145 put @ 4.50 with the stock around 173. Bid/ask spreads a little wide in this one.
SPX 7-dte
#SPX7dteLong Sold to close $SPX June 19th 3030/3050 call spreads for 18.00. Condors bought last Friday for 18.40. I’m waiting to sell put spread on any move down. I wanted to exit to avoid gap down risk tomorrow morning.
Also, added the remaining call spreads that I wasn’t filled on yesterday for June 24th 3090/3110-3120/3140 for 1.05 less than yesterday.
#coveredcalls X Bought 100 shares…
Bought 100 shares @8.20. sold July 2, 8.50 call for .48, debit of 7.72.
TQQQ
BTC June 19, 50 puts at .01, sold at .61
In mt IRA, BTC the 45 puts at .01, sold at .85
I have one more short put to close and that is it for this week.
ADS early Rollup
Bought to close 1 ADS 06/19/2020 47.0 Covered Call / Sold 1 ADS 06/26/2020 50.0 Call @ 0.10 Credit + 3.00 better strike for only one more week.
Markets
https://www.zerohedge.com/markets/what-expect-after-tomorrows-massive-option-expiration
“The short-term setup for an SPX pullback coming out of tomorrow’s Op-Ex is there, particularly as we see a “clustering” of the CTA deleveraging- and Dealer Gamma- levels not far below market.”
Maybe someone could translate this into plain English for me.
I don’t speak “quant”
CINF major Put rolldown
Bought to close 1 CINF 06/19/2020 65.0 Put / Sold 1 CINF 08/21/2020 50.0 Put @ 0.24 Credit.
A little history:
04/30 – Sold 05/15/2020 65.0 Put @ 0.90 (big mistake)
05/14 – Rolled 05/15/2020 65.0 Put to 06/19/2020 65.0 Put @ 0.80 Credit (was 15 points ITM)
Today – Rolled the Jun 65 Put down to the August 50.0 Put @ 0.20 Credit ( I would take the stock here near the Covid low).
My Cash backed put requirement just dropped $1500.
Today is the first day that the August contracts traded on this stock.
ROKU
#ShortPuts #Rolling – Finally out. Rolled 116 to 114 to 112 to 108 accumulating premium. Not even going to risk holding another day.
Bought to Close ROKU JUN 19 2020 108.0 Put @ .05 (sold for 2.80)
TQQQ
#ShortPuts – Thanks @jsd501 !
Sold TQQQ JUL 31 2020 50 Puts @ 1.23
LULU
AAL
Rolled. Jun-19-2020 $19.50 #CoveredCall // Jun-26-2020 19.00 @ 0.40 Credit.
AMD
Rolled $AMD Jun-19-2020 55 #Shortputs // Jun-26-2020 55 @ 0.98 Credit.
Options Bistro 