TSLA

Peak Insanity: Tesla Adds $16 Billion In Market Cap After Announcing 5-For-1 Stock Split
Tesla stock has added almost half of GM’s market cap after hours on the news of the stock split.

Taking one for the team

TQQQ, STO September 25, 90 put at 4.05

Closing SHOP

Bought to close $SHOP 8/21 1120/1140 bear call spread @ 1.00. Sold for 5.00 on 7/29.

SPX 1-dte

#SPX1dte Sold to Open $SPX Aug 12th 3225/3245-3390/3410 condors for 1.30, IV 19.8%, SPX 3338, deltas: -.07,+.07

SPX 1 DTE

#spx1dte
$SPX STO 8/12 3240/3260/3420/3400 at 1.05

VXX

Sold VXX 08/14/2020 31.50 Diagonal Calls @ 0.15.
Sold against long Sep 38 and 40 calls.

Sold VXX 08/14/2020 32.00 Diagonal Calls @ 0.16.
Sold against long Oct 48 and 51 calls.

Getting back 15% of the cost of my longs.

Converting some short diagonal put spreads to “Short Calendar Iron Condor Spreads”

TRADES:

CC BTO STOCK @21.45
CC STO 8/14/20 ITM 22.0 PUTS @1.05
CC STO 8/21/20 ITM 21.5 PUTS @1.03
SWKS STC STOCK @143.56 Not doing badly, just got tired while stock was making up its mind what to do. ;>)

VXX

Bought to open 1 VXX 11/20/2020 65.0 Call @ 0.94.
Preparing for election fireworks.

VIAC ADS

Sold VIAC 08/14/2020 28.0 Diagonal Calls @ 0.35
Sold ADS 08/14/2020 55.0 Diagonal Calls @ 0.25
#DoubleDip

VXX KSS AAL WFC Diagonals

Bought VXX 01/21/2022 5.0 Puts / Sold VXX 08/14/2020 25.0 Puts @ 0.37 Credit
Bought KSS 10/16/2020 30.0 Calls / Sold KSS 08/14/2020 23.0 Calls @ 0.13 Credit
Bought AAL 10/16/2020 25.0 Calls / Sold AAL 08/14/2020 15.0 Calls @ 0.12 Credit
Bought WFC 09/25/2020 30.0 Calls / Sold WFC 08/14/2020 26.0 Calls @ 0.04 Credit

XLF vs. FAS

XLF @ $25.70

BTO XLF Jan 2022 15 PUT / 30 CALL long strangle @ $ 1.56 to be financed by the selling of weekly straddles/strangles:
STO XLF Aug 21 $25 short straddle @ $1.02

FAS @ $39.93

BTO FAS Jan 2022 20 PUT / 70 CALL long strangle @ $ 10.28
STO FAS Aug 21 $40 short straddle @ $3.34

It’s kind of like an alternative Pairs trade – I’m pitting XLF against FAS (the 3X long financial ETF). Whichever one is easier to manage in relation to the returns that can be had gets more funds. The other gets cut loose.

Based on the opening trades either I have gone mad or the market makers have gone crazy (and I know the MMs never go crazy!). That relative premium between the core position and the short term sales is outrageous.

#DiagonalButterfly

TRADES:

AAL STO 8/14/20 15.0 CALLS @.36
PLAY STO 8/21/201 7.5 CALLS @.55
VIAC STO 8/21/20 26.0 PUTS @.46
VIAC STO 8/21/20 27.0 PUTS @.81 To own the stock
CC STO 8/14/20 21.0 PUTS @.67

T

#ShortPuts – Bought to Close T AUG 21 2020 28.5 Puts @ .04 (sold for .52)

SPY

#ShortPuts – Taking a little risk off. Sold this on the bounce off the 20ma and now approaching 100 percent retrace from covid low. I’ll take it here…

Bought to Close SPY SEP 18 2020 285.0 Put @ 1.02 (sold for 3.55)