Hello

Long-time lurker, now officially a practicing @fuzzballl apprentice. Looking forward to taking part in the conversations.

Just a few puts and verticals today:
Sold SPCE Aug 28 20.0 PUT @ 1.19
Sold ATVI Sep 18 77.5/77 Bull Put Spread @ 0.63
Sold LOW Sep 18 135/130 Bull Put Spread @ 0.72
Sold HD Sep 18 250/245 Bull Put Spread @ 1.10
Sold SPY Sep 11 310/308 Bull Put Spread @ 0.30

TQQQ Put Closed / DHI BUCS Closed / TQQQ Calls Rolled / SPX 1 DTE Expire

#shortputs
$TQQQ BTC 9/18 30 put at .15. STO at 2.15 on 5/6. Thank you TQQQ King @jsd501

#bucs
$DHI STC 8/2155/65 BUCS at 8.60. BTO at 4.64

#longleaps
$TQQQ BTC 1/15/2021 67 calls and STO 1/15/2021 90 calls. Took in16.50 in profit.

#spx1dte #optionsexpiration
$SPX 3145/3165/3310/3330 Sold for 1.05

WBA Covered Calls

Sold WBA AUG 07 2020 $42 CALLS @ 0.27 with the stock at 40.80

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Aug 10th 3270/3290-3300/3320 condors for 16.65, with SPX at 3293.

Expiring: Aug 3rd 3245/3265 call spreads for max credit of 20.00. Condors bought last Monday for 17.05.

SPX 1-dte

#SPX1dte Bought to close $SPX Aug 3rd 3310/3330 call spreads for .40. Condors sold for 1.10 on Friday. Stop was hit at the open but was able to wait for low cost exit.

#earnings #closing AAPL July 30,…

#earnings #closing AAPL

July 30, sold an August 21, 335/340/410/415 for 1.15. Bought today for 3.85. Can’t win them all.

VXX

Bored to death trade 🙂
Bought VXX Jun 21 2021 7.0 Puts / Sold VXX Aug 07 2020 27.0 Puts @ 0.14 Credit with the stock at 28.20
Contango drift in VXX and a strong market should make the longs worth more than zero someday

TQQQ

#ShortPuts – This is getting ridiculous. My most aggressive #TakeOneForTheTeam so far. 🙂 🙂

Sold TQQQ AUG 28 2020 100.0 Put @ 2.90

INTC NVDA

#ShortPuts – Swapping NVDA for INTC. Starter position out in Sep.

Sold INTC SEP 18 2020 45.0 Puts @ .94

Bought to Close NVDA AUG 07 2020 375.0 Put @ .06 (sold for 2.59)

EIX – Parking More Cash

#suecollar #sleepatnight

BTO EIX stock @ $53.54 
STO EIX Sep 18: 52.5 call @ $3.40

BTO EIX Jan 2022: 70 put : @ $21.76

EIX (Edison International) currently pays a $2.55 per share dividend (4.7% yield).

For the $70 protective put you are paying (53.54 + 21.76) – 70 = $5.30 premium. That first call sale goes a long way on the cost reduction process.

Thanks Sue (and many others) for all the ideas on conservative trades that can generate a reasonable income with upfront protection.

EWZ LABU

#ShortPuts – A couple today…

Sold EWZ SEP 4 2020 28.5 Puts @ .64

Bought to Close LABU AUG 7 2020 40.0 Puts @ .05 (sold for 1.05)

TRADES:

AAOI BTO STOCK @15.97
AAOI STO 8/7/20 14.0 PUTS @.45
AAOI STO 8/7/20 18.0 CALLS @.56

DOCU roll up

With the stock breaching the call spread side of my iron condor (at 224.45), rolled $DOCU 185/175 bull put spread up to 205/195 for 1.35 credit. Part of an iron condor with 220/230 bear call spread. Originally sold for 3.69 on 7/15. This is the second roll up of the put spread side. With this credit, total premium taken in now 6.30.

TRADES:

CC BTO STOCK @18.93, 19.14, 19.59
THC STC STOCK @26.40 Earnings tonight.

EWZ – Parking Cash

#DiagonalButterfly

BTO EWZ Jan 2022 : long strangle $27 call / $37 put @ $16.70
STO EWZ Aug 07: 32.0 straddle @ $1.38

Classic Hedge Fund trick. The long strangle has 526 DTE. Back of the envelope calculation 526 / 7 = 75 weekly option expirations left. Guaranteed $10 when closing out the long strangle in Jan 2022. So $16.70 – $10.00 = $6.70 to finance in weekly sales. Just sold week 1 for $1.38 . Four more similar weeks and that’s a zero cost strangle.

Will be closing out the previous EWZ September 2020 strangle.