Expiration

#optionsexpiration
$MRVL 36 put
$CLDR 12.50 put
$NIO 18.50 Put
$NVAX 117 call

Have a nice weekend all. Be safe. Storms, fires and politicians abound. Be careful.

OptionsExpiration

Expired:
AAL 08/28/2020 15.0 Diagonal Calls
ADS 08/28/2020 55.0 Covered Call
MRO 08/28/2020 6.50 Covered Calls
WBA 08/28/2020 40.0 Covered Call
WBA 08/28/2020 42.0 Covered Calls
WFC 08/28/2020 25.0 Covered Call
VXX 08/28/2020 26.0 Diagonal Calls
VXX 08/28/2020 27.0 Diagonal Calls
VXX 08/28/2020 27.5 Diagonal Calls

VXX 08/28/2020 24.0 Diagonal Puts
VXX 08/28/2020 23.5 Diagonal Puts
VXX 08/28/2020 23.0 Diagonal Puts

Assignments:
None

SPY Rolling LEAP

#longcalls
$SPY BTC 1/212/2022 240 call and BTO 1/21/2022 330 call for 101.06 credit. If world going to end soon, I’ll need spending money. 😉

SPX trades and expirations

#SPX1dte Sold to Open $SPX Aug 31st 3425/3445-3555/3575 condors for .95, IV 10.16%, SPX 3507, deltas -.07, +.06.

Expiring: Aug 28th 3400/3420-3550/3570 condors , sold yesterday for .90.

#Supercharger expiring: $SPX Aug 28th 3400/3425 call spreads for max credit of 20.00, bought yesterday for 18.80.

#Earnings Expired at full loss: $ANF 10.5 puts, bought Wednesday for .85.

Rolling SPX

I know I said I was only going to roll this once but I guess I can’t stay away from the roll game. Let’s see what happens with this. Extending the trade to 9/4.
Rolled 9/2 3375/3400/3505/3520 iron condor out to 9/4 3410/3435/3520/3545 for .15 credit. Short puts 20 delta short calls 42 delta.

EXPIRATION FRIDAY: All expired worthless, except as noted:

KODK 7.0 CALLS STO @.70
KODK 8.0 CALLS STO @.67
KODK 9.0 CALLS STO @.54
OSTK 102.0 CALL STO @6.03
OSTK 105.0 CALL STO @5.00
OSTK 118.0 CALL STO @4.00
OSTK 120.0 CALL STO @6.00
OSTK 125.0 CALL STO @6.70
OSTK 130.0 CALL STO @7.10
CC STO 21.5 PUTS @1.74 BTC @.60
CC STO 22.5 PUTS @2.26 BTC @1.05
TRADES: I’m putting trades I made here after I did expiration.
CZR STO 9/4/20 51.0 CALL .90
VMW STO 9/4/20 150.0 CALL @1.85
CONNECTION TO THE SERVER HAS BEEN DISCONNECTED, SO THE MESSAGE ON THE SCREEN SAYS, SO I AM SENDING THIS OUT EARLY IF IT GOES. Have a safe and great weekend everybody.

SPY

BTC 280/300 put spread at .50, sold at 1.02

SPX 7-dte

#SPX7dteLong Sold to close $SPX Aug 31st 3445/3465 call spreads for 18.75. Condors bought for 15.30 on Tuesday. Will look to sell the put side for a buck or less or keep it as a hedge. But it seems hedges are no longer necessary. We are never going down again, ever.

TSLA

#ShortStrangles – Going back in. Riding alongside @OptionIceman

Sold TSLA SEP 4 2020 1500.0/3400.0 Strangle @ 7.60

SPY

Ignoring the pre/post market moves, we just got another new high in the SPY. Six day run with new highs every day.

The VIX has dropped 3 points since 11 AM

AAL Covered Call

Bought to close 1 AAL 08/28/2020 14.0 Covered Call / Sold 1 AAL 09/04/2020 14.0 Covered Call @ 0.46 Credit

TSLA – into the split

Bought to close TSLA Aug 28 2020 2500/2700 Bear Call Spread @ 0.05. Sold 2 days ago @ 2.10

Replaced it with TSLA Sep 04 2020 2800/3000 Bear Call Spread @ 7.60 Credit

I have no idea what the stock does after the split but my short for next week is 300 points above the short for this week. (this week’s move low to high was about 375 points and peaked at 2318.49)

Stock is 2220

TRADES:

THC STO 9/4/20 29.5 CALLS @.40
THC STO 9/4/20 25.5 PUTS @.25
CC STO 9/11/20 22.0 CALLS @.38
VMW BTO STOCK @146.17
OSTK STO 9/4/20 110.CALLS @5.60/BTC @4.00 Volatility chased me out.
CZR BTO STOCK @49.11
THC STO 9/4/20 25.5 PUTS @.25

SPCE

#CoveredCalls – Rolling…

Rolled SPCE AUG 28 2020 15.0 Calls to SEP 18 2020 15.0 Calls @ .43 credit

UVXY

#CoveredCalls #Shortputs – Rolling and adding…

Rolled UVXY AUG 28 2020 19.0 Calls to SEP 11 2020 20.0 Calls @ .25 credit
Sold UVXY SEP 4 2020 20.0 Puts @ .72

WDC

I should have waited one more day rolling my short 37 Puts 😦
At least I own some stock 🙂

Bought to close WDC 08/28/2020 37.0 Covered Calls / Sold WDC 09/04/2020 38.0 Covered Calls @ 0.22 Credit Plus a point higher on the strike price

KSS Roll

Bought to close KSS 08/28/2020 23.0 Covered Calls / Sold KSS 09/04/2020 24.0 Covered Calls @ 0.12 Credit plus a point higher strike.
KSS is recovering from it’s swoon after earnings.

AAL Roll

Bought to close AAL 08/28/2020 14.50 Diagonal Calls / Sold AAL 09/04/2020 15.50 Diagonal Calls @ 0.15 Credit plus a point higher strike

DOCU BUPS Closed

$DOCU BTC 8/28 210/220 BUPS at 1.20. Thank you @ramie77. Roll up original 8/21 150/160 BUPS to 175/185 at 1.29 extra credit. Rolled to 210/220 for added 3.95 credit. Total credits after close is 5.57. Thanks @ramie77 for teaching me how you roll.

VXX

And so it begins
My VXX November Calls are all up (between 38% and 66%) above my cost.
Let the November madness do it’s work

480206

https://www.zerohedge.com/markets/correction-watch-divergences-are-developing-between-large-us-stocks-everything-else

#fallingknifeDLTR STO DLTR Jade Liz…

#fallingknifeDLTR
STO DLTR Jade Liz
2 Oct 90/98/99 for 2.18

PTON

Buy/Write PTON Sep-18-2020 80 #CoveredCall @70. Stock @75.77.

TSLA spread – What are they smoking?

With only hours to go before expiration my 2500/2700 BCS still is trading @ 1.85
Stock is 2305

SPLK ULTA WDAY Earnings wrap up

#JadeLizards #IronFlies – Should’ve sold ITM puts on all of these…LOL No upside risk at least paying off a little.

SPLK Lizard closed call side for slightly better than max loss put side expires (.45 gain)
WDAY Lizard expiring (gain .72)
ULTA Iron Fly call side closed for less than max loss put side expires (lottery ticket .70 loss)

3 cases of the Silver Bullets!

Assigned on BAX Covered Calls, Profit $3,325 in 82 days, 3.8% or 17% annualized.

JEFFLSMITH ~ EDIT”ASSIGNED ON BAX COVERED CALLS, PROFIT $3,325 IN 82 DAYS, 3.8% OR 17% ANNUALIZED.”

Baxter had a nice jump in stock price the last couple of days closing at over $86 yesterday. We were short Aug 28 $83 and $83.50 calls. Plans were to roll the options up and out (diagonal) today and hope the upward momentum continued. Stock goes Exdiv today with a dividend of $.245 which we intended to capture. Made a mistake not rolling up to “out of the money” strike price yesterday and lost the dividend ($367) as a result.

We may replace the position today. Baxter doesn’t have the volatility (lower return on covered calls) but it pays a solid dividend and is a good core healthcare holding.

#assigned-2, #bax, #coveredcalls-2, #bax-2