BTO Sept 18 80 Call $0.51
Monthly Archives: June 2020
SPX trades
#SPX7dteLong GTC order filled in pre-market: Sold to close $SPX June 8th 3060/3080 call spreads for 19.20. Will try to get a few cents for put side today. Condors bought for 17.50 on Monday.
#SPX1dte STOPPED: BTC $SPX June 5th 3160/3180 call spreads for 6.75. Condors sold for 1.05 yesterday. Even with expected job losses, I didn’t expect market to drop today. But certainly did not expect this explosion. I will not be selling call spreads as often in this environment.
May Jobs Report
#Jobs — Actually GAINED rather than expected loss.
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%
New CC’s
- VIAC 6/19 $24 net $22.14
- MO 6/19 $41 net $40.05
- SJR 6/19 $17.50 net $17.18 (pays monthly dividend)
#SPX @EOD SOLD VERTICAL SPX…
#SPX
@EOD
SOLD VERTICAL SPX (Weeklys) 12 JUN 20 2975/2970 PUT @.50
#vxxgame following Jeff and others…
following Jeff and others from yesterday.
BOT VXX / 21 AUG 20 80 CALL @.49
SPX 1-dte
#SPX1dte Sold to Open $SPX June 5th 3010/3030-3160/3180 condors for 1.05, IV 18.25%, SPX 3104, deltas -.05, +.06
DOCU Earnings
#Earnings #ShortPuts – Going out to the monthlies for just a straight put sale…
Sold DOCU JUN 19 2020 125.0 Put @ 2.60
AAL Covered Call
Bought to close AAL 06/05/2020 12.00 Calls / Sold AAL 06/12/2020 12.00 Calls @ 0.28 Credit.
I’ll have to wait for a pull back to roll up in the future.
#closing AAL On March 4…
#closing AAL
On March 4 I sold a 15 put, way too early of course. Rocking and rolling and a big run up today has me out of this one with a very small gain. Still have a July 17 20 put from a ratio spread from February.
SPX 7-dte
#SPX7dteLong Sold to close $SPX June 5th 3040/3020 put spreads for .80. Looking to close the call side before today’s close. Want to avoid the possible volatility after tomorrow morning’s #Jobs report.
Bought the condors for 17.35 last Friday.
GAP
Funny headline on zerohedge:
“We Still Expect To Be Paid” – America’s Largest Mall Operator Sues Gap For $70M In Back-Rent
“Like watching drunk hobos fight over a half-eaten sandwich at 3am…
Simon Property Group, one of the biggest – if not the biggest – mall operator in the US, us suing GAP, one of its largest tenants, claiming the retailer failed to pay more than $65.9 million in rent and other charges due during the coronavirus pandemic.
CNBC, which brought us the story, says the battle is unfolding in a Delaware state court. The lawsuit “highlights the mounting tension between retail landlords and their tenants, many of which stopped paying rent after the crisis forced them to shut stores.” It was filed on Tuesday. And a reporter at CNBC was apparently told to “expect more” lawsuits, apparently by somebody at SPG.
#assignment #coveredcalls SDC April 30…
April 30 bought a May 15, 8.50 covered call for 7.14, shares at 7.79, call for .65, expired, sold June 5 call for .41.
CINF Put roll down
Bought to close 1 CINF 06/19/2020 70.00 Put / Sold 1 CINF 09/18/2020 65.00 Put @ 0.30 Credit plus a BIG 5 point drop in the strike price.
Stock is 64.32
REGN rolling to strangle
-Bought to close profitable $REGN 6/19 470/520/650/700 iron condor @ 3.90 (sold for 8.05 on 5/20)
-Sold to open $REGN 7/17 520/680 strangle @ 11.80 with the stock at 598.76. Short puts/calls at 15 and 18 delta.
M
Finally close this Position Early March sold 8 Put have trade around this since then finally close today for a small profit. Was down as much as 300.00 at one time.
Thanks guy Learned how to work a position here.
VXX – writing against recent purchases
Bought 1 VXX 08/21/2020 75.0 Put @ 0.53.
Sold VXX 06/05/2020 32.50 Calls @ 0.22
Sold VXX 06/05/2020 33.00 Calls @ 0.12
These pair off with the August long calls I bought over the last two days.
VXX early put roll down
Just to be safe after VXX blew through this week’s strike:
Bought to close VXX 06/05/2020 31.50 Puts / Sold VXX 06/12/2020 30.50 Puts @ 0.10 Credit plus a 1.0 point lower strike
OSTK
Rolled Jun-05-2020 22.5 #CoveredCalls // Jun-12-2020 23.5 @.25 Credit + $1 better strike
AAL UAL DAL LUV
about to gap up
Assigned on 226 of 336 SDC Jun 5 $7.50 Calls Position +44.7% in 44 Days
Recent run up in stock to $8.66. Details on the CC position established in April are below.
https://coveredcallswithjeff.wordpress.com/2020/06/04/assigned-on-sdc-22600-shares-cc-position-profit-80496-in-44-days-44-7-or-371-annualized/
SQQQ
Bought 100 SQQQ / Sold 1 SQQQ 06/12/2020 10.50 Covered Call @ 8.88 Debit
Bought 100 SQQQ / Sold 1 SQQQ 06/19/2020 11.00 Covered Call @ 8.83 Debit.
Giving both room to run before hitting the strikes if this market finally pulls back.
EWZ DiagBFly
Rolling the short straddle early due to the strong upward momentum.
$EWZ @ $30.39
BTC 1 EWZ June 05: 27 short straddle @ $3.55 (originally sold for $1.62)
STO 1 EWZ June 12: 30 straddle @ $1.84
The short straddle is covered by a long EWZ Sep 18: 24 put / 30 call strangle.
Now it becomes interesting. The strong move perhaps came earlier than I would have liked, but the long Sep $30 call is now ITM. That has come at a cost of some debit rolls, but the credits will come further down the timeline.
VXX
BTO Aug 20 80 Call $0.51
Following Jeff & Option Iceman
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 10th 3100/3120-3130/3150 condors for 17.10, with SPX at 3126.
#closing #shortputs IVZ APA IVZ…
#closing #shortputs IVZ APA #shortputspread DIS
IVZ bought June 19, 8 put for .10, sold May 21 for .80
APA bought June 12, 11 put for .16, originally sold May 12 and rolled on May 13.
DIS bought June 19, 100/110 put spread for .39, originally sold March 2, rolled twice, hedged once, made about 3 cases of Coors Light
AMD
Rolled AMD Jun-05-2020 50 #ShortPuts // Jun-12-2020 51 @.75 credit.
VXX long call
Following Jeff from yesterday.
Bought 1 VXX 08/20/2020 80.00 Call @ 0.48.
This strike is 5 points lower than my earlier buy
NVDA
#ShortPuts – Just about the only stock on my list that’s lower today. Stop set on my June 315 so going out a couple weeks beyond that but well before earnings. Selling at the 50ma and the expected move. Also have a covered call ITM so wouldn’t mind some weakness…
Sold NVDA JUL 02 2020 315.0 Put @ 5.50
WYNN
#BullPutSpreads – In a nice squeeze and looks strong. MGM breaking out and LVS and PENN strong. But…for risk reduction selling a spread in case of an implosion. At least I’ll get it at a nice basis no matter how low it goes on a pullback.
Sold WYNN JUL 17 2020 100.0/90.0 Bull Put Spread @ 5.30
JPM
#ShortPuts – Bought to Close JPM JUN 19 2020 80.0 Puts @ .10 (sold for 1.57)
ZM iron condor
Sold $ZM 7/17 165/175/270/280 iron condor @ 3.35 with the stock at 218.82. Collecting about 1/3 the width of the strikes. Post-earnings. IV still relatively high with IV rank at 57. Short strikes at 18 (puts), 24 (calls).
SPY Rolling Diagonal Call Ladder
Bought to close 1 SPY 06/03/2020 303.00 Call / Sold 1 SPY 06/10/2020 304.00 Call @ 0.34 Credit plus a point higher on the short strike.
(Avoiding assignment for the call due to expire today)
#SPYLadder
Fading DKNG
Sold $DKNG 7/17 40/45 bear call spread @ 1.56. #tastytradefollow
A TRADE:
NCLH BTO STOCK @18.05 & 18.11
SQ C Puts
#shortputs
$SQ STO 6/5 89 puts at .67
$SQ STO 6/12 puts at 2.00
$C STO 7/17 puts at 1.21
EWW Puts Closed
#shortputs
$EWW BTC 6/19 28 puts at .04. STO 5/19 at .62. Thank you @fuzzball and @ramie77
SLB
Rolled SLB Jun-05-2020 18 #CoveredCalls // Jun-12-2020 18.5 @0.25 debit, for 50c higher Strike.
WDC Puts Closed
#shortputs
$WDC BTC 6/19 40 put at .51. STO 5/6 at 2.86
ZM Earnings
#Earnings #JadeLizards #OneNightStand – Closing the call side before it gets to max loss and letting the put side expire. Total profit of 7 cases of Coors Light. 🙂 🙂
Bought to Close ZM JUN 5 2020 197.5/200.0 Bear Call Spread @ 1.80 (Lizard sold for 2.90)
OXY
Sold OXY 06/05/2020 17.00 Covered Calls @ 0.06. Two days until expiration with the stock at 15.35
UVXY longs
#VXXGame Bought to Open $UVXY July 17th 90 calls for .47. I’d prefer to go further out in time but there are no August options yet and September’s are still pretty expensive. I’m looking to add some Sept soon.
SPX calls stopped
#SPX1dte BTC $SPX June 3rd 3120/3140 call spreads for 2.00. Condors sold yesterday for 1.10.
VXX long call
Following Jeff from yesterday.
Bought 1 VXX 08/20/2020 85.00 Call @ 0.43.
I will be writing against this weekly and should be able to cover my cost in a few weeks.
SPY diagonal adjustment
Sold to close 1 SPY 06/19/2020 310.00 Call / Bought 1 SPY 08/21/2020 325.00 Call @ 0.34 Credit.
Bought the 310 call @ 1.97 and sold today @ 5.68.
I will continue and roll out the short calls in the diagonal weekly until August.
Edit: Rolled 1 SPY 06/03/2020 299.0 Call to a 06/10/2020 300.0 Call for a 0.05 Credit and pushed the strike up a point.
SPY – I’m out
Sold the last lot of SPY @ 309.62 in the pre-market. Bought this @ 230.00 in March.
VXX long calls
#VXXGame Loading up some longs for next volatility spike. In March, some of these I bought for .30 were sold for over 50.00. Be surprised if that happens again, but at least they can hedge any shorts I sell. Also trying some $UVXY but wasn’t filled yet.
Bought to open $VXX August 85 calls for .50.
SPX –
S&P Futures Surge 10 Points In One Tick On $3.2BN Market On Close Buy Imbalance
VXX diagonal late trades
Sold VXX 06/05/2020 31.00 Puts @ 0.32 and VXX 06/06/2020 31.50 Puts @ 0.51 against existing 2021 and 2022 long puts.
#DoubleDip
ZM Earnings
#JadeLizards #Earnings – Going with the Lizard. Playing it to the downside with breakeven down by the 50 ma and slightly outside the expected move. No upside risk…
Sold ZM JUN 5 2020 170.0/197.5/200.0 Jade Lizard @ 2.90
SQQQ
With the Nasdaq starting to lag a bit, I’m looking at covered call trades for SQQQ. The stock is just a few cents off it’s all time low of 9.23 set today.
Looking to write near term 10.50 or 11.00 covered calls to give it a bit of room to run.
The contango drag is powerful with this one so stay small..
Remember the old saying for markets – escalator up – elevator down
SPX 1-dte
#SPX1dte Sold to Open $SPX June 3rd 2970/2990-3120/3140 condors for 1.10, IV: 18.86%, SPX 3063, deltas: -.06, +.06
VXX new diagonal
Bought to open VXX 06/17/2022 7.00 Puts / Sold to open 06/12/2020 31.00 Puts @ 0.17 Credit.
The short is 10 dte ( a bit longer than normal for me) and the long is 2 years (745 dte).
I think contango drag in VXX will help my long position eventually?
SMH SPY TQQQ EWW EWZ
#ShortPuts – A few today…
SMH: Never got a chance to add.
Bought to Close SMH JUN 19 2020 115.0 Put @ .12 (sold for 2.21)
SPY: Was going to roll back out to 45 days but premium just isn’t there.
Bought to Close SPY JUN 26 2020 265.0 Put @ .86 (sold for 4.52)
TQQQ: Waiting for a pullback now.
Bought to Close TQQQ JUN 5 2020 60.0 Put @ .02 (sold for 2.20)
Bought to Close TQQQ JUN 12 2020 55.0 Put @ .13 (sold for 2.20)
EWW: Book ’em on the big run up.
Bought to Close EWW JUN 19 2020 28.0 Puts @ .09 (sold for .90)
Bought to Close EWW JUN 19 2020 29.0 Put @ .13 (sold for 1.21)
Bought to Close EWW JUN 19 2020 30.0 Put @ .20 (sold for 1.70)
EWZ: Closing Jun and selling starters in July staying very bullish. Still well below it’s typical range.
Bought to Close EWZ JUN 19 2020 22.0 Puts @ .07 (sold for 1.80)
Bought to Close EWZ JUN 19 2020 23.0 Puts @ .12 (sold for 2.05)
Bought to Close EWZ JUN 19 2020 24.0 Puts @ .18 (sold for 2.20)
Bought to Close EWZ JUN 19 2020 25.0 Puts @ .28 (sold for 2.50)
Sold EWZ JUL 17 2020 28.0 Put @ 1.55
Sold EWZ JUL 17 2020 29.0 Put @ 1.98
Sold EWZ JUL 17 2020 30.0 Put @ 2.56
Sold EWZ JUL 17 2020 31.0 Put @ 3.15
Sold EWZ JUL 17 2020 32.0 Put @ 3.95
Basis would be 27.36 on this block. Will add on any decent pullbacks…
VXX diagonals
Sold VXX 06/05/2020 31.00 Puts @ 0.27 against 2021 and 2022 long puts
PTON
BTC $PTON Jun-05-2020 43 #ShortPuts @0.18. Was STO 5/26 @2.05.
#shortputs FEYE Sold June 19,…
#shortputs FEYE
Sold June 19, 12 put for .32
TQQQ
BTC June 5, 50 puts at .01, that is the last of the June 5 expiration.
OSTK
STO $OSTK Jun-05-2020 22.5 #CoveredCalls @0.45 credit. Basis now 19.40.
OLLI TQQQ WORK AXSM Close Puts TQQQ Put / RAD Calls
#shortputs
$OLLI BTC 6/19 80 puts at .60. STO 5/22 for 3.70
$TQQQ BTC 6/19 35 puts at .05. STO 4/15 for 2.35 Thank you @jsd501
$WORK BTC 6/19 80 puts at .50. STO 5/11 for 2.78
$AXSM BTC 6/19 92.50 puts at 19.11. STO 5/11 for 8.00. Ouch!
$TQQQ STO 9/18 35 put at 1.50 Thank you @jsd501
#coveredcalls
$RAD STO 6/5 14 calls at .28
TQQQ
BTC June 5, 45 puts at .01, Now waiting to get filled on the $50 puts.
MRVL Put Closed / ROKU Calls
#shortputs
$MRVL BTC 6/19 25 put for .05. STO at 1.30 on 5/8
#coveredcalls
$ROKU STO 6/5 113 calla at 2.40
#coveredcalls VSTO Bought 100 shares…
#coveredcalls VSTO
Bought 100 shares @ 10.75, sold June 19, 10 call for 1.65, 9.10 debit
SPX trades
#SPX7dteLong Bought to Open $SPX June 8th 3030/3050-3060/3080 condors for 17.50, w/SPX at 3058.
Expiring: June 1st 3010/3030 call spreads for 20.00. Condors bought for 16.65 last Tuesday.
#SPX1dte Expiring: June 1st 2910/2930-3110/3130 condors, sold Friday for 1.10.
Put Seller?
No trades today but after a 12 week wait and 2 hours at the DMV I’ve finally got them and I can’t quit laughing!
🙂 🙂 🙂 🙂 🙂
WORK
Rolled $WORK Jun-05-2020 33.50 #CoveredCalls // Jun-12-2020 #CoveredCalls @0.05 Debit. Still ITM, but $0.50 better strike.
#shortputs #closing FEYE GPRO CAR…
#shortputs #closing FEYE GPRO CAR
GPRO bought June 19 3.5 put for .04 sold May 18 for .18
FEYE bought June 19, 11 put .11 originally sold April 30 for .39, rolled May 5 for .72
CAR bought June 19, 20 put for .12, bought May 22 for 1.11
Adjust CODX
Original trade was a diagonal call spread, long 8/21 10 calls and short 6/19 20 calls. With the stock at 17.95 and 19 days to expiration, I rolled the 6/19 20 calls out to 7/17 20 calls @ 1.05 credit. Debit on original trade was 6.00, so cost basis now reduced to 4.95.
Rolling TSLA
Rolled $TSLA 6/19 650/630 bull put spread up to 780/760 for 2.80 credit (short puts 17∆). Paired as an iron condor with 950/970 bear call spread. Stock at 884.00. Total premium for position now 7.50.
SPY Rolling Diagonal Call Ladder
Bought to close 1 SPY 06/01/2020 298.00 Call / Sold 1 SPY 06/08/2020 300.00 Call @ 0.30 Credit plus 2.0 points higher on the short strike.
(Avoiding assignment for the call due to expire today)
#SPYLadder
LULU call spread
Sold to open $LULU 6/19 320/330 bear call spread @ 3.05.
TQQQ
BTC a partial fill on the 40 puts for June 5 at .01, sold at .63
The all filled at .01 so, I am working on my 45 puts and 50 puts.
#coveredcalls WFC Sold June 5,…
#coveredcalls WFC
Sold June 5, 27 call for .59
Options Bistro 