Bought to close WFC 06/12/2020 28.0 Calls / Sold WFC 06/16/2020 28.50 Calls @ 0.02 Credit but a 0.50 higher strike.
Bank stocks are not thrilled with sustained low interest rate forecasts by the Fed through 2022
Monthly Archives: June 2020
#shortstrangles DKNG Sold July 17,…
AAL early assignment
One of my AAL 06/12/2020 12.0 Covered Calls was assigned.
Bought stock on 04/03 @ 9.86 with weekly writes since then.
TRADES:
NNDM BTO STOCK @2.56 ;>)
BE STO 6/19/20 11.0 PUTS @1.15
TRADES:
:
BE BTO STOCK @9.66 This morning.
BE STO 6/19/20 9.0 CALL @.85 ” ”
OSTK STO 6/12/20 25.0 CALLS @1.05
OSTK
Rolled $OSTK Jun-12-2020 23.5 #coveredcalls // Jun-26-2020 @0.05 Credit for a better strike.
TQQQ
In my IRA, BTC June 19, 35 puts at .01, sold at 2.26
SPY
#ShortPuts – Come and get it Mr. Market…
Sold SPY JUL 17 2020 285.0 Put @ 2.80
BE
STO June 19, 9 puts at .50 cents. Idea from SMM.
TSLA
Now over 1000
WTF!!
Rolling AMZN
With the stock completely shooting through the call spread side, I rolled up put spread side of my iron condor. Rolled $AMZN 6/19 2300/2280 up to 2600/2580 bull put spread for 6.82 credit to create an iron butterfly with the 2600/2620 bear call spread. After 2 rolls of the put spread total premium for the position is now 14.92 against 20 point wide wings. If the stock stays above 1620 (or goes below 2580) I will take the max loss of what is now 5.08. If it comes back near 1600 I’ll try to get out for even or possibly a profit.
VXX diagonals
Sold VXX 06/12/2020 36.0 Calls @ 0.33 and Sold VXX 06/12/2020 37.0 Calls @ 0.26 to write against my remaining long VXX calls.
Now hoping the stock stays above 31 and below 34 on Friday’s close.
(I’m not asking for much 🙂 )
VIAC early roll
Bought to close VIAC 06/12/2020 22.00 Calls / Sold VIAC 06/19/2020 22.00 Calls @ 0.15 Credit.
I guess I’ll have to wait for a bigger pullback to roll this up.
SPY Ladder Roll
Bought to close SPY 06/10/2020 300.0 Call / Sold SPY 06/17/2020 300.0 Call @ 0.52 Credit to avoid assignment on today’s short call.
Bought to close SPY 06/10/2020 304.0 Call / Sold SPY 06/17/2020 305.0 Call @ 0.08 Credit Plus a one point higher strike to avoid assignment on today’s short call.
CINF early rolls
Bought to close 1 CINF 06/19/2020 55.0 Covered Call / Sold 1 07/17/2020 55.0 Covered Call @ 0.60 Credit.
Bought to close 1 CINF 06/19/2020 60.0 Covered Call / Sold 1 07/17/2020 60.0 Covered Call @ 1.30 Credit.
The stock is ex-dividend for 0.60 on 06/16 and I want to keep the dividend. The June options would likely be assigned before expiration.
AMD
STO $AMD Jun 19 55 #shortputs @0.86.
Holding $AMD Jun 12 51 #shortputs, intending to let them expire on Friday.
SPX 1-dte
#SPX1dte Sold to Open $SPX June 10th 3100/3120-3285/3305 condors for 1.10, IV: 22.25%, SPX 3209, deltas -.06, +.05.
COST
#ShortPuts – Out all week but doing what I can. Thanks @Ramie!
Sold COST JUL 17 2020 290.0 Put @ 3.20
SPCE Close Put
#shortputs
$SPCE BTC 6/19 13 put at .10. STO at .95 on 5/19. Thank you @honkhonk
#coveredcalls M Sold 100 shares…
Sold 100 shares @ 9.01, sold June 12, 9.50 call for a debit of 8.70
#shortputs CCL Sold June 19,…
#shortputs CCL
Sold June 19, 21 put for 1.20, CCL is around 23.30, down about 1.30
#cost SOLD VERTICAL COST 19…
#cost
SOLD VERTICAL COST 19 JUN 20 295/292.5 PUT @.30
#xlf SOLD XLF 19 JUN…
SOLD XLF 19 JUN 20 25.5 PUT @.45
#bac SOLD BAC 2 JUL…
#bac
SOLD BAC 2 JUL 20 25 PUT @.39
#aal SOLD AAL 100 12…
SOLD AAL 100 12 JUN 20 15.5 PUT @.27
#shortputs AAL Sold July 17,…
#shortputs AAL
Sold July 17, 13 put for 1.13
another #tastytradefollow
CINF early roll
Bought to close 1 CINF 06/19/2020 60.0 Covered Call / Sold 1 07/17/2020 60.0 Covered Call @ 0.90 Credit.
The stock is also ex-dividend for 0.60 on 06/16 and I want to keep the dividend. The June option would likely be assigned before expiration.
VXX
Sold VXX 06/12/2020 34.0 Calls @ 0.41 and Sold VXX 06/12/2020 35.0 Calls @ 0.31 to add to my sales from yesterday.
#DoubleDip
MSFT
STO July 17, 175 puts at 2.55
Closing LULU
Bought to close $LULU 6/19 320/330 bear call spread @ 3.69. Sold for 3.05 on 6/1. Taking advantage of the down move to get out for a small loss (relative to where it was a couple of days ago). If earnings weren’t this week I’d probably hold it closer to expiration but I’ll look to possibly put on a separate earnings trade Thursday, or something after earnings if there’s a big move.
#ironcondor BABA Sold July 17,…
T DFEN Puts
#shortputs
$STO 7/17 30 put at .50
$DFEN STO 6/19 19 put at 1.15
TQQQ
BTC June 12, 45 puts at .01
BTC June 12, 50 puts at .01
That is it for this week.
SPY Ladder Roll
Bought to close SPY 06/08/2020 300.0 Call / Sold SPY 06/15/2020 300.0 Call @ 0.25 Credit to avoid assignment on today’s short call.
#SPYLadder
SQQQ
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.0 Covered Call @ 8.32 Debit
– stock bought @ 8.48
NUGT ROKU UVXY VXX Calls / HAL Close Puts / HAL WORK Puts / MSFT BUPS
#coveredcalls
$NUGT STO 6/12 65 calls at 1.70
$ROKU STO 6/12 114 calls at 2.20 and 6/12 112 calls at 1.30. Latter was opened pre golf pre market.
$UVXY STO 6/12 30 calls at 1.00 Shares were assigned to me this morning.
$VXX STO 6/12 32.5 calls at .27. Thank you @iceman
#shortputs
$HAL BTC 6/19 10 put at .02
$HAL STO 7/17 15 put at .88
$WORK STO 7/17 30 put at 2.05
#bups
$MSFT STO 7/10 167.5/177.5 BUPS at 1.36
$MSFT STO 6/19 165/175 BUPS at 1.10. Meant to close the position that was opened 5/6. Will close both tomorrow. Don’t trade after a morning of golf in the sun.
A TRADE:
AAL 6/12/20 23.5/17.0 #STRANGLE @.92
A TRADE:
NCLH STO 6/12/20 28.0 CALLS @1.10
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 15th 3195/3215-3225/3245 condors for 17.00, with SPX at 3219.
TRADES:
NCLH BTO STOCK @25.16
AAL STO 6/12/20 18.0 PUTS @.78
AAL STO 6/19/20 16.0PUTS @.80
SQQQ
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.0 Covered Call @ 8.37 Debit – stock 8.53
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.5 Covered Call @ 8.37 Debit – stock 8.49
Day’s Range $8.43 – $8.82
TRADES:
AAL STO 6/12/20 18.0 PUTS @.78
AAK STI 6/19/20 16.0 PUTS @.80
UAL strangle
Sold $UAL 6/19 40/60 strangle @ 2.53
#aal sto AAL 12 JUN…
#aal sto AAL 12 JUN 20 15.5 PUT @.26
A TRADE;
NCLH STO 6/12/20 28.0 CALLS @1.10
COST short put
Sold $COST 7/17 295 put @ 4.15. Cost basis 290.85 if assigned.
TRADES:
DAL BTO STOCK @35.90
DAL STO 6//12/20 38.0 CALLS @1.06
VIX
Interesting VIX up and so is market?????
A TRADE:
AAL STO 6/12/20 22.0 CALLS @.98
VXX
Sold VXX 06/12/2020 34.0 Calls @ 0.27 and Sold VXX 06/12/2020 35.0 Calls @ 0.22 to re-establish the diagonal spreads from last week. VXX is at 29.44
#DoubleDip
Assigned on 14 PTON CC’s, 36 New CC’s Jun 12 $45
https://coveredcallswithjeff.wordpress.com/2020/06/08/assigned-on-14-pton-covered-calls-49-days-profit-8492-15-or-119-annualized/
Episode 7 – Fifty Albums (plus the Moon)
Our 50 States Project — Completing Sufjan Stevens’ broken promise to release an album for each state… our guest has done it. All in three months. Plus: Snowpiercer, big screen to small screen. And more. // Find more details, links, and playlists at https://thepickcast.com
Not a great week in IB despite good market
WMT TQQQ Put Closed / Expirations
#shortputs
$WMT BTC 6/19 116 put at .50. STO at 1.03 on 5/18 Thank you @thomberg1201
$TQQQ BTC 6/12 55put at .05. STO at 2.30 on 5/13 Thank you @fuzzballl
#optionsexpiration
$ROKU 114 call
$ROKU 113 call
$RAD 14 call
$NUGT 72 call
$VXX 32.5 call Sold against August @jeff 85 call. Thank you @optioniceman
$TQQQ 60 put Thank you @fuzzballl
$SPY 260 put Thank you @fuzzballl
$AMD 50 put
$SQ 89 put
#assigned
$UVXY 32.5 put. Better sell those shares first thing Monday
#Crushed
Never leave home with an expiring trade
$SPX 6/5 3160/3180 BECS. I had a conditional order placed using Schwab platform. If $SPX bid is 3150 than close at market. Did not fire. Schwab says $SPX has no bid and my order could not work. I said it was their platform
that allowed the trade. They said I would not win in arbitration. Live and learn, I hope.
Options expiration
Expired:
VXX 06/05/2020 40.00 Diagonal Calls
VXX 06/05/2020 33.00 Diagonal Calls
VXX 06/05/2020 32.50 Diagonal Calls
Assigned:
CCL 06/05/2020 16.50 Covered Call
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
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)
Options Bistro 