Episode 13 – The Hack is Back

The Hack is Back; our favorite millennial (Kenichi Hackman) returns with new music picks; Jeff tries to Pick that Flick; and the Go-Go’s rock a new doc and new song. Plus, we preview The Pick 100. More details, links, and playlists at https://thepickcast.com

OptionsExpiration

EXPIRED:
AAL 08/21/2020 14.00 Covered Call
AAL 08/21/2020 14.50 Diagonal Calls
AAL 08/21/2020 15.00 Covered Call
ADS 08/21/2020 51.00 Covered Call
ADS 08/21/2020 55.00 Covered Call
KSS 08/21/2020 25.00 Diagonal Calls
SLB 08/21/2020 21.50 Covered Calls
VIAC 08/21/2020 30.00 Diagonal Calls
VXX 08/21/2020 26.00 Diagonal Calls
VXX 08/21/2020 27.00 Diagonal Calls
VXX 08/21/2020 28.00 Diagonal Calls
VXX 08/21/2020 32.00 Diagonal Call
VXX 08/21/2020 32.50 Diagonal Call
WBA 08/21/2020 43.00 Covered Calls

VXX 08/21/2020 24.50 Diagonal Puts
VXX 08/21/2020 24.00 Diagonal Puts

ASSIGNMENTS:
XRX 08/21/2020 15.00 Covered Call – couldn’t get any premium rolling
WDC 08/21/2020 40.0 Puts – couldn’t get any premium rolling

Options Expiration / Late Roll

OX $SONO Aug-21-2020 $20 #CoveredCall – Buy/Write on 6/23 @13.05. So far still in positive territory, if just barely.

Rolled $SPXL Aug-21-2020 $55 #CoveredCall // Sep-18-2020 $58 @1.25 Credit. Almost let this get assigned, but figured I’d ride it for another month.

TSLA

Bought to close 1 TSLA 08/21/2020 2300 Call @ 0.01
Sold this yesterday as part of a spread @ 1.96

VXX roll

Bought to close VXX 08/21/2020 25.0 Puts / Sold VXX 08/28/2020 24.0 Puts @ 0.15 Credit plus a point lower on the strike.

Sold these last Friday @ 0.71 and closed @ 0.45 today

#ironcondor AMZN Sold Sept. 18,…

#ironcondor AMZN
Sold Sept. 18, 3030/3050/3660/3680 for 6.20

#tastytradefollow

SPX 1-dte

#Spx1dte Sold to Open $SPX Aug 24th 3320/3340-3440/3460 condors for .90, IV 10.25%, SPX 3398, delats: -.09, +.05.

Expiring: Aug 21st 3315/3335-3425/3445 condors, sold yesterday for 1.00.

SPY

BTC 280/300 bull put spread at .55, sold at 1.07 following the TT rules. I had another 7 days to go before I took the trade off at 21 days but I got my 50%.

SPX 7-dte closed

#SPX7dteLong Sold to Close $SPX Aug 21st 3390/3410 call spreads for 8.25. Put side sold for 4.45 yesterday. Bought for 15.20 on Monday, closed for 12.70 total. Need to break out of this consolidation to get these back into profit mode.

A TRADE:

CC BTO STOCK @19.83 Buying the dip.

TRADES; NOT timely.

OSTK BTO STOCK @120.48 Half the calls are not covered.
OSTK STO 8/28/20 125.0 CALLS @6.60 & 6.80
OSTK STO 8/28/20 130.0 CALL @7.10
KODK STO 8/28/20 9.0 CALLS @.54

LABU

#ShortPuts – Adding one…

Sold LABU SEP 11 2020 47.5 Put @ 2.45

Econ Calendar for week of 8/24/20

Screen Shot 2020-08-21 at 10.31.02 AM
Screen Shot 2020-08-21 at 10.31.02 AM

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

FSLY LVGO NFLX NVDA SLB UVXY

#ShortPuts #ShortStrangles #CoveredCalls – That’s about it for this week. Ready for the election fun with my biggest cash position of the year.

FSLY: A quickie for fun.
Bought to Close FSLY SEP 4 2020 65.0 Put @ .29 (sold for 1.25)

LVGO: Still holding positions in the other side of the merger with TDOC.
Bought to Close LVGO AUG 28 2020 110.0 Put @ .20 (sold for 2.30)
Bought to Close LVGO SEP 4 2020 100.0 Put @ .60 (sold for 2.05)

NFLX: Second time with one of these. Booking it a little early for safety.
Bought to Close NFLX SEP 4 2020 425.0/575.0 Strangle @ 1.44 (sold for 4.75)

NVDA: Cramer really talking it up. Rolling up from the 50ma to the 20ma for additional credit.
Rolled NVDA SEP 18 2020 425.0 Put to SEP 18 2020 450.0 Put @ 3.10 credit (7.05 total now)

SLB: Covered Calls.
Bought to Close SLB AUG 21 2020 19.0 Calls @ .01 (sold for .53)
Sold SLB SEP 4 2020 19.0 Calls @ .37

UVXY: Rolling covered calls for more credit while keeping a little downside cushion.
Rolled UVXY AUG 21 2020 19.0 Calls to AUG 28 2020 19.0 Calls @ .60 credit
Rolled UVXY AUG 21 2020 17.0 Calls to SEP 4 2020 17.0 Calls @ .38 credit

#fallingknifeCR Not much of a…

#fallingknifeCR
Not much of a fall but, worth a shot IMHO
CR BTO BuCS 18 Sep 55/60 for 2.10

KLAC

#IronCondor – BTC KLAC SEP 18, 2020: 230 / 220 – 175 /165 Iron Condor @ $2.15 (originally sold for $3.78). Worth it for the 10 day holding period.

 

Closing LABU

Bought to close 9/4 40 puts @ .40. Sold for 1.75 on 8/12.

FL closed

#Earnings Sold to close $FL Aug 21st 27 #LongStraddle for .75. Bought yesterday for 2.03. The only time profit was available was the open but unfortunately I was not paying close enough attention.

TNA

#ShortPuts – Starter positions going down below the 50ma.

Sold TNA SEP 18 2020 28.0 Put @ 1.08
Sold TNA SEP 18 2020 27.0 Put @ .90

TSLA

#BullPutSpreads – I’ll take a small shot pre-split. The stock actually sold off for 10 whole minutes. 🙂 🙂

Sold TSLA AUG 28 2020 1300.0/1000.0 Bull Put Spread @ 2.40

TSLA…I’m calling the top here

#ShortStrangles – Ending my foray into the TSLA short strangle world. Overall loss on the 2 tries. I’ll venture back in post split on the put side only.

Bought to Close TSLA SEP 18 2020 1300.0/2900.0 Strangle @ 37.60 (sold for 19.45)

Gain on first try was 5.30 so net loss of 14.15

Looking for a put sale on some weakness….

AMZN

BTC the August 21 2650/3750 strangle at .03, sold at 2.60 thanks to Fuzzball for the trade.