Expiration

#optionsexpiration
$EWZ 29 put Thank you @fuzzballl
$WORK 30 put
$T 30 put
$NEO 30 put
$SNAP 21 put
$PTON 55 put
$SPCE 18 put
$MRNA 75 put
$PFE 34 put
$CODX 20 call
$FB 255 call
$PTON 63 call
$SPX 1 DTE Thank you @jeffcp66
$BYND 144/155 BUPS Expired Total loss.
$TSLA 1470/1490 BECS Expired Full full loss
$AMZN 2570/2590 BUPS Expired Full profit
$ZM 190/210 BUPS Expired Full profit

#assignment
$DFEN 18 put assigned. Basis 16.85. Stock at 11.90. Go aerospace, please.
$PFE 36 call called away

Upside to come

The #VIXIndicator fired a bullish signal at the close. This indicates the likelihood of a further move higher in the coming days or weeks.

OptionsExpiration

Expired:
ADS 07/17/2020 45.0 Diagonal Call
ADS 07/17/2020 47.0 Covered Calls
KSS 07/17/2020 22.50 Diagonal Calls
KSS 07/17/2020 23.00 Diagonal Calls
SLB 07/17/2020 19.50 Covered Calls
SLB 07/17/2020 20.00 Covered Calls
SQQQ 07/17/2020 8.00 Covered Calls
SQQQ 07/17/2020 8.50 Covered Call
VXX 07/17/2020 36.00 Diagonal Call
VXX 07/17/2020 37.00 Diagonal Call
VXX 07/17/2020 38.00 Diagonal Call
VXX 07/17/2020 41.00 Diagonal Calls
VXX 07/17/2020 42.00 Diagonal Call
WFC 07/17/2020 29.00 Covered Calls
WFC 07/17/2020 29.50 Diagonal Calls

VXX 07/17/2020 30.50 Diagonal Puts (barely)
VXX 07/17/2020 30.00 Diagonal Puts
WFC 07/17/2020 24.00 Diagonal Puts

Assignments:
XRX 07/17/2020 15.0 Covered Call – I was only in the stock at little over a week and it exploded higher.
No good roll and no weeklys so I let it go for a gain.

SPX 1-dte & NFLX

#SPX1dte #RiskReversal for Monday. Placed as one trade with SPX at 3229, IV 13.7%, total credit: .35. Aggressive positioning based on Upside Warning:
Sold $SPX July 20th 3185/3165 put spreads for 2.07, ∆ -.17
Bought $SPX July 20th 3270/3285 call spreads for 1.72, ∆ +.14

Expiring: July 17th 3115/3135-3270/3285 condors, sold yesterday for 1.15.

#Earnings Also expiring, $NFLX July 17th 460/465-590/595 condors, sold yesterday for 1.446

VXX Put Rolls

Bought to Close VXX Jul 17 2020 31.5 Puts / Sold to Open VXX Jul 24 2020 30 Puts @ Net Credit of $0.08 plus a 1.50 drop on the short strike.

Bought to Close VXX Jul 17 2020 31.0 Puts / Sold to Open VXX Jul 24 2020 29 Puts @ Net Credit of $0.07 plus a 2.00 drop on the short strike.

My 30.50 and 30.0 Puts for today should expire shortly

TQQQ

#ShortPuts – No sense waiting 2 weeks for this. Commission free below .10 in this account.

Bought to Close TQQQ JUL 31 2020 50.0 Puts @ .08 (sold for 1.23)

VIAC Rolls

Bought to lose VIAC 07/17/2020 20.0 Covered Calls / Sold VIAC 08/07/2020 20.0 Covered Calls @ 0.25 Credit.
This will keep me in this low p/e highish dividend stock through earnings on the 6th of August.

Also Bought to close VIAC 07/17/2020 25.0 Diagonal calls / Sold VIAC 07/24/2020 26.0 Calls @ 0.24 Credit plus an extra point on the strike price.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX July 24th 3205/3225-3235/3255 condors for 16.95, with SPX at 3230.

Expiring today: July 17th 3180/3200 call spreads for max of 20.00. Condors bought last Friday for 17.25.

VXX longs

#VXXGame Bought to open $VXX Aug 21st 65 calls for .50. Added to a large number of 85’s I have for same expiry. I have not yet sold against these, but will look to do on next down turn. I have a smaller number of long $UVXY 90 calls expiring today, average purchase price .47.

UVXY

#ShortPuts – Sold UVXY JUL 24 2020 25.5 Puts @ .58

VXX New Put Diagonal

Bought to Open VXX Jan 15 2021 15 Puts / Sold to Open VXX Jul 24 2020 30 Puts @ Net Credit of $0.12

UVXY (again)

#ShortPuts – Closing for safety. Looking for new sales now…

Bought to Close UVXY JUL 17 2020 28.5 Puts @ .50 (sold for .70 and .95)

UVXY

#ShortPuts – Taking small profits from the 29 strike. Still holding 28.5s for a probable roll.

Bought to Close UVXY JUL 17 2020 29.0 Puts @ .90 (sold for 1.17)

Econ Calendar for week of 7/20/20

Screen Shot 2020-07-17 at 11.06.08 AM

Screen Shot 2020-07-16 at 6.24.58 AM

Link to calendar: https://research.investors.com/economic-calendar/

EWZ NFLX NTAP OLED ROKU SLB VXX WYNN

#ShortPuts #CoveredCalls

EWZ: It keeps paying.
Bought to Close EWZ JUL 24 2020 27.5 Puts @ .05 (sold for .72)

NFLX: Still holding next week’s 450 short put.
Sold NFLX AUG 21 2020 400.0/600.0 Strangle @ 8.55

NTAP: Covered calls.
Bought to Close NTAP JUL 17 2020 45.0 Calls @ .02 (sold for .80)
Sold NTAP JUL 24 2020 45.0 Calls @ .71

OLED: Closed for tiny profit. Replaced with NFLX strangle.
Bought to Close OLED JUL 31 2020 145.0 Put @ 2.65 (sold for 2.90)

ROKU: Another one gone early.
Bought to Close ROKU JUL 24 2020 115.0 Put @ .06 (sold for 2.07)

SLB: Covered call roll with earnings next week.
Rolled SLB JUL 17 2020 18.5 Calls to JUL 24 2020 19.0 Calls @ .25 credit (1.65 total now)

VXX: Booked it earlier in the day.
Bought to Close VXX JUL 17 2020 31.5 Puts @ .37 (sold for .72)

WYNN: Stock will be assigned at about 88.05. Wanted to get it covered quickly. In an IRA so have to spread the call sale for now. Going DITM for max downside protection. Vegas could close again. Basis 74.90 after this sale with 2 weeks still to go to earnings.
Sold WYNN JUL 24 2020 70.0/100 Bear Call Spread @ 13.15

Upside coming?

#VIXIndicator – Looks like we will get an Upside Warning at the close.

I have posted for the last two years about #DoubleHeaders, where we get a Downside Warning canceled, followed by another DW without an Upside in between. They have become more common and I have been getting a bigger database to analyze. I missed an Upside Warning on May 27th. The SPX closed at 3036 that day, then ran up to its recent high of 3233 on June 8th. After that, I tweaked the Indicator again so we can catch the rallies in the #DoubleHeader environment.

So if $VIX closes below 28.02 today, we can expect another run up. However I would say it is a less reliable Upside Warning with VIX still in the high 20’s.

TRADES:

AAL STO 7/24/20 13.5 CALLS @.30
AAL STO 7/24/20 11.0 PUTS @.35 .65 STRANGLE
OSTK STO 7/24/20 49.0 CALLS @2.15 Stocks been on a tear. Have a 44.0 @2.25 & a 45.0 @1.75, covered calls expiring today.

VXX Calls

Bought to close VXX 07/17/2020 35.0 Calls @ 0.01.
Sold this on 7/13 @ 1.02 AND AGAIN @ 2.08 as part of two diagonal call spreads.

This leaves me with 2 more zero-cost long VXX Calls.

Letting my 36,37,38,41 and 42 Calls expire

VIAC Roll

With the stock at 24.89 I bought VIAC 07/17/2020 24.0 Calls / Sold VIAC 07/24/2020 24.0 Calls @ 0.45 Credit

VXX

Bought to close 1 VXX 07/17/2020 35.5 Call @ 0.01.
Sold this on 7/13 @ 1.05 as part of a diagonal spread.
I have another zero cost long for any Black swan events in the next month

TRADES:

SPCE STO 7/24/20 30.0 CALLS @.77
LUV STO 7/24/20 37.0 CALLS @.52

VXX Diagonal Puts

Bought to Open VXX Jan 15 2021 12.0 Puts / Sold to Open VXX Jul 24 2020 29.0 Puts @ Net Credit of $0.12

WBA Covered Rolls

Bought to Close WBA 07/17/2020 40.50 Call / Sold WBA 07/24/2020 41.00 Call @ 0.05 Credit plus 0.50 higher strike.
Bought to Close WBA 07/17/2020 41.00 Call / Sold WBA 07/24/2020 41.50 Call @ 0.27 Credit plus 0.50 higher strike.
My average stock cost is 39.73 with a nice dividend

NFLX Iron Condor

Sold $NFLX 8/21 430/440//580/590 iron condor @ 3.30 with the stock at 495.74.

tastytrade “Fast Market”

#LMAO – Pretty funny. My trade idea made it on this morning. I knew I wouldn’t be able to get him to trade the weeklies. He went Aug monthly 22’s @ 1.40. 🙂 🙂 🙂

UVXY

WORK

BTC $WORK Jul-24-2020 32.5 #CoveredCalls @1.15 Debit. Was STO 07-08-2020 @1.85
Underlying up slightly this morning.

CINF

I’m not ready to give up this dividend stock just yet.
Bought to close CINF 07/17/2020 60.0 Covered Calls / Sold 1 CINF 08/21/2020 60.0 Covered Calls @ 0.79 Credit.
A whole bunch of downside protection while I wait for another dividend.

Also rolled the short side of a CINF 70.0 Calendar spread.
Bought to close CINF 07/17/2020 70.0 Call / Sold CINF 08/21/2020 70.0 Call @ 2.21 Credit.
Since I only paid 2.17 for the long September 70 position, this spread is already zero cost.

I am also short an August 50.0 Put that is rapidly approaching minimum value.

SPY Rolls

SPY opened above yesterday’s entire trading range, so I decided to roll early instead of waiting for a typical late Friday move (probably higher)
Bought to close 1 SPY 07/17/2020 310.0 Call / Sold 07/24/2020 311.0 Call @ 0.11 Credit plus a point higher on the strike.
Bought to close 1 SPY 07/17/2020 313.0 Call / Sold 07/27/2020 315.0 Call @ 0.12 Credit plus two points higher on the strike.

SPY was at 321.56 and 321.59 for the two rolls

NFLX

STO August 21, 400/600 strangle for 10.50