#optionsexpiration
$NVDA 365 put Thank you @ramie77 via @fuzzballl
#optionsexpiration #assignment
$CODX 27 put Stock basis 25.5
Daily Archives: Friday, August 7, 2020
Options Expiration
#OptionsExpiration – Let another one go the distance…
UVXY 26.0 Calls (sold for 1.45)
Earnings fail
#Earnings. Lost 1.25 on my $YELP supposed-to-be-Straddle but ended up being only a long call. Sure enough, I got the direction wrong.
TRADES:
MS 8/14/20 ITM 50.5 PUTS @.93
MS BTO STOCK @50.14
MS STO 8/14/20 51.0 CALL @.46
KODK STO 8/14/20 17.0 CALLS @1.15
AAOI STO 8/14/20 15.0 PUT @.35
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 10th 3255/3275-3395/3415 condors for 1.10, with SPX at 3350. IV 11.24%, ∆ -.06,+.06
Expiring: Aug 7th #RiskReversal 3290/3270 put credits spreads & 3390/3405 call debit spreads. Keeping credit of .20.
VXX
Another #Boredtodeath trade 🙂
Bought VXX Jun 21 2021 9.0 Puts / Sold VXX Aug 14 2020 26.0 Puts @ 0.18 Credit with the stock at 26.85.
Normal #Contango drift in VXX will help the long Puts between now and next June
SPX 1 DTE
Bull
Sold AMZN Sep 18 2020 3065/3060 Bull Put @ 6.10
Sold NVDA Sep 18 2020 405/400 Bull Put @ 1.47
Sold BABA Aug 21 2020 245/240 Bull Put @ 1.55
Bought to close PTON Sep 18 2020 60 Put @ 3.05 (sold @ 4.38)
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Aug 14th 3315/3335-3345/3365 condors for 16.30, with SPX at 3342.
Expiring: Aug 7th 3165/3185 call spreads for 20.00 DEBIT. This is the one I sold last Friday , but never had a chance to take profit as index only moved up since then. Sold last Friday for 18.95, closed puts for .05, so total loss 1.10.
NFLX
#ShortStrangles – A little more risk reduction…
Bought to Close NFLX AUG 21 2020 425.0/575.0 Strangle @ 1.56 (sold for 10.70)
TQQQ
#ShortPuts – This ticker is nearly completely cash secured even in a PM account so unloading it too. Hoping for new entries next week.
Bought to Close TQQQ AUG 21 2020 90.0 Puts @ .70 (sold for 2.50)
TQQQ
#ShortPuts – Thinning the herd a little in case there’s more weakness next week…
Bought to Close TQQQ AUG 21 2020 90.0 Put @ .70 (sold for 3.30)
Bought to Close TQQQ SEP 18 2020 45.0 Puts @ .35 (sold for 1.35)
NVDA
#ShortPuts – Taking a small shot next week. Earnings the following week so should be able to get a nice roll if needed.
Sold NVDA AUG 14 2020 420.0 Put @ 2.90
STMP Earnings
#JadeLizards #Earnings – Wasn’t expecting that to fill but I’ll take it. Squeezed a buck out of the ‘ol lizard.
Bought to Close STMP AUG 7 2020 245.0/250.0 Bear Call Spread @ 4.90 (Lizard sold @ 5.90)
Letting put side expire….
VXX Puts
Bought to close VXX 08/07/2020 27.0 Diagonal Puts @ 0.30
Sold these during the week @ 0.56/0.50/0.33 and 0.60
Replaced them with half the number of 08/14/2020 26.0 Puts @ 0.61.
Even swap on the cash.
New shorts are sold against 2021/2022 long puts.
Will add to my shorts for next week if higher prices become available.
AAL Rollups
Riding this rally a little longer
Bought to close AAL 08/07/2020 14.0 Diagonal Calls @ 0.02. Sold these @ 0.26 Yesterday.
Replaced them with AAL 08/14/2020 15.0 Calls @ 0.16.
Also rolled up 1 AAL 08/07/2020 13.0 Covered Call to AAL 08/14/2020 13.50 Covered Call @ 0.30 Credit
MRVL Strangle / MS Put Roll / KR Put
#shortstrangles
$MRVL STO 8/14 36/37.50 strangle at $1.00
#shortputs
$MS BTC 8/7 and STO 8/14 50 put at added .50 credit. So far 1.75 collected.
$KR STO 9/18 35 put at 1.53
TSLA
#ShortStrangles – Filled on the new one so closing the current one…
Bought to Close TSLA AUG 21 2020 800.0/3200.0 Strangle @ .75 (sold for 6.10)
TSLA
#ShortStrangles – Trying another one…
Sold TSLA SEP 18 2020 700.0/2900.0 Strangle @ 6.54
VXX
Bought to Open 1 VXX Nov 20 2020 70 Call at $0.98.
Preparing for election fireworks.
SPCE
#CoveredCalls – Stock should be assigned around a 19.75 basis so getting an early start on covered calls. Planning on closing the long side of the put spreads a little later and letting the shorts get assigned so lower the better rest of the day.
Sold SPCE AUG 14 2020 17.5 Calls @ 1.58
WBA Covered rollup
Bought to close WBA 08/07/2020 41.50 Covered Calls / Sold WBA 08/14/2020 42.0 Covered Calls @ 0.17 Credit.
I want to keep this dividend payer a bit longer and it goes ex-div on 08/18 for 0.4675 per share.
I’m guessing the stock will run a bit next week as the dividend date approaches.
KSS Covered and Diagonal rollups
Bought to close KSS 08/07/2020 21.50 Covered Calls / Sold KSS 08/14/2020 22.0 Covered Calls @ 0.32 Credit
Bought to close KSS 08/07/2020 22.0 Diagonal Calls / Sold KSS 08/14/2020 23.0 Covered Calls @ 0.17 Credit
UVXY
#ShortPuts – Keeping my hedge on…
Rolled UVXY AUG 7 2020 24.0 Puts to AUG 14 2020 23.0 Puts @ .12 credit (1.35 total now)
NET
STO September 37 puts at 1.15
WYNN
#CoveredCalls – Stock never got as weak as I was hoping so letting stock get called away slightly below my basis. Replacing with a short put for recovery.
WYNN Stock called away @ 65.0 (basis 68.95)
Sold WYNN AUG 14 2020 71.5 Put @ 1.05
WDC earnings blowup
Rolled my WDC 08/07/2020 40.0 Puts out a week to 08/14/2020 40.0 Puts for a 0.15 Credit
VIAC calls
Bought to close VIAC AUG 07 2020 28.00 Calls @ 0.01. Sold these before earnings @ 0.49 on 08/03
July Jobs Reports
#Jobs — an increase that sightly beats expectations.
Gain of +1,763,000 non-farm payroll jobs, vs. expected 1.48M gain
Unemployment at 10.2%, down by 0.9%, vs. expected 10.6%
U6 unemployment at 16.5%, down by 1.5%
Labor force participation 61.4%, down by 0.1%
Average hourly earnings up 0.2%.
June jobs revised down by -9K
May jobs revised upward by +26K
Options Bistro 