TQQQ Puts Closed

#shortputs
$TQQQ BTC 9/18 40 put at .05. STO at 1.72. Thank you @jsd501

TSLA

Crazy town again – today’s move equivalent to 278 points on the old stock.
On my watch list, only TSLA and /NQ futures, WDC and every VIX related stock index or future is up.
Everything else down.

Anther new high for S&P500 although it reversed into the red at the end.
Seven straight days with new all time highs

ZM Earnings IC

#earnings #ironcondor
$ZM STO 9/4 270/280/370/360 IC at 3.05

TSLA

#ShortStrangles – Rolling up the put side slightly…

Rolled TSLA SEP 4 2020 300.0 Puts to SEP 4 2020 350.0 Puts @ .93 credit (12.25 total now based on pre-split)

EWZ

#ShortPuts – Completely out of this now for the first time in quite awhile. Watching for a re-entry…

Bought to Close EWZ SEP 4 2020 28.5 Puts @ .17 (sold for .64)

#closing and #coveredcalls COF Aug….

#closing and #coveredcalls
COF Aug. 19 sold 57.50/75 #shortstrangles for 1.67, bought today for 1.22
CC sold Sept. 4, 21 covered call for .43

NVDA

#ShortPuts – Rolling this one up again for additional credit. Selling at the 20ma and the current expected move. We’ll call it a possible #TakeOneForTheTeam …..

Rolled NVDA SEP 18 2020 450.0 Put to SEP 18 2020 490.0 Put @ 4.70 credit (11.75 total now)

VIX & markets


In fact as the S&P hits all-time-highs, this is a level of VIX that has not been seen since those heady days of extreme speculation and retail day-trading muppetry. This is a very different regime of ‘walls of worry’ that we saw during the 2017/2018 all-time-highs…
This level of co-movement between VIX and stocks is highly unusual – and has typically not ended well for stocks. Except this time is even more extreme, as the correlation between stocks and vol is at its highest since the collapse of XIV and Volmageddon 2018…

2020-08-31_7-47-50

https://www.zerohedge.com/markets/last-time-happened-was-day-dot-com-bubble-burst

BA

#CallsInsteadOfStock

BA @ $171.90

BTO BA Dec 18 $160 / $190 Long Call Vertical @ $12.20 (position $11.90 ITM at kick-off)

STO BA Sep 18 $165/$160 Bull Put Spread @ $1.79 (half sale).

TRADES:

VMW BTO STOCK a teeny bit @147.08
CC STO 9/4/20 ITM 21.5 PUTS @.88
WKHS STO 9/4/20 19.0 CALLS @.56
WKHS STO 9/4/20 19.0 CALLS @1.00

OK, the site is working…

OK, the site is working for me now. No need to answer my query. Thank you

TQQQ

BTC September 4, 65 puts at .01 and that is all this week.

NFLX

#ShortStrangles – Selling at about 2x the expected move…

Sold NFLX SEP 18 2020 440.0/640.0 Strangle @ 3.60

NFLX

#ShortPuts – Staying small and short term…

Sold NFLX SEP 18 2020 450.0 Put @ 2.85

FSLY

#ShortPuts – A couple starters…

Sold FSLY SEP 18 2020 75.0 Put @ 2.20
Sold FSLY SEP 18 2020 70.0 Put @ 1.20

PFE

#CoveredStrangle

BTO PFE @ $37.73

STO Oct 02; $35 / $40 strangle @ $0.73

Happy to double down @ $35 and then sell calls.

ZM earnings analysis

#Earnings $ZM reports tonight. Below are details on earnings one-day moves over its entire history.

June 2, 2020 AC +7.58%
March 4, 2020 AC +7.02%
Dec. 5, 2019 AC -9.94%
Sept. 6, 2019 BO -7.85%
June 6, 2019 AC +18.40%

Avg (+ or -) 10.16%
Bias 3.04%, positive bias on earnings.

With stock at 305.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 267.52 to 342.48 (+/- 12.3%)
Based on AVERAGE one-day move over last 5 quarters: 274.02 to 335.98
Based on MAXIMUM one-day move over last 12 Q’s (18.4%): 248.88 to 361.12
Based on DOWN max only (-9.9%): 274.68

NOTE: 5-day results show reversals into the negative for the last two quarters!

Open to requests for other symbols.

VXX Calls

Sold 1 VXX Sep 04 2020 30.00 Call at $0.47
Sold 1 VXX Sep 04 2020 30.50 Call at $0.43
Sold 1 VXX Sep 04 2020 31.00 Call at $0.39
Sold 1 VXX Sep 04 2020 32.00 Call at $0.33
Holding Long VXX October and November calls as a hedge

VXX

New Diagonal Call spread
Bought Open VXX Oct 16 2020 65 Calls / Sold VXX Sep 04 2020 27.5 Calls @ 0.03 Credit.
It’s not about how much you make in the first week of the diagonal spread, it’s how much you can make with re-writes.

SPX 7

#SPX7dteLong Bought to Open $SPX Sept 4th 3480/3500-3510/3530 condors for 15.90, with SPX at 3506.