EXPIRATION FRIDAY, 9/4/20, Expired worthless,…

EXPIRATION FRIDAY, 9/4/20, Expired worthless, all uncovered unless marked by **.

VMW 150.0 CALL STO @1.85
VIAC 29.0 CALLS STO.50
OSTK 105.0 CALL STO 5.00
MS 54.0 CALLS STO .52 **
KODK 6.0 PUTS STO .70
CZR 45.0 PUTS STO .85
CZR 51.0 CALLS STO .90
AAL 14.5 CALLS STO ..31

OptionsExpiration

Expired:
AAL 09/04/2020 14.0 Covered Call
AAL 09/04/2020 15.50 Diagonal Calls
KSS 09/04/2002 24.0 Covered Call
SLB 09/04/2020 21.50 Covered Calls
VXX 09/04/2020 30.50 Diagonal Call
VXX 09/04/2020 31.0 Diagonal Call
WDC 09/04/2020 38.50 Diagonal Calls

VXX 09/04/2020 24.50 Diagonal Puts
WDC 09/04/2020 37.0 Diagonal Puts

Assignments:
None

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 8th 3240/3260-3545/3565 condors for 1.25, IV 22.38%, SPX 3431, deltas -.07,+.06. Bit nervous with the three day weekend, but strikes are decently OTM.

#spx7dtelong

WDC Covered Call roll

Bought to close WDC 09/04/2020 38.0 Covered Calls / Sold WDC 09/11/2020 40.0 Covered Calls @ 0.02 Credit plus and extra $2 on the short strike.

Since this was stock put to me after a disastrous earnings trade, they can have my stock next week..

Meanwhile the strike 37.0 puts I also sold as part of earnings week will expire today.
Yay!

SPX

Wow

VXX Puts

Jekyll and Hyde market here.
Selling calls earlier, now puts
Sold VXX 09/11/2020 27.0 Put @ 0.48
Sold VXX 09/11/2020 26.50 Puts @ 0.33
Sold VXX 09/11/2020 26.00 Puts @ 0.22

SPY

#ShortPuts – Over 50 percent in a few hours…gotta take it.

Bought to Close SPY SEP 18 2020 310.0 Put @ 1.20 (sold for 2.60)

VXX

Bought to close 1 VXX SEP 04 20 $32 Call @ 0.01.
Sold @ 0.33 on 8/31

SPX 7-dte

#SPX7dteLong Sold to close $SPX Sept 4th 3500/3480 put spreads for 19.25. Condors bought on Monday for 15.90. There looks to be a small chance of a rally to 3480, so not risking it. Now I’m rooting for it so I can make some money on my call side.

Also, super proud for shorting the market near the low today. But I still actually think that will be a winner next week.

VXX

Some more VXX Diagonal rolls
Bought to close 1 VXX 09/04/2020 28.00 Diagonal Call / Sold 1 VXX 09/11/2020 29.50 Diagonal Call @ 0.12 Credit plus 1.50 higher on the short strike

Bought to close VXX 09/04/2020 27.00 Diagonal Call / Sold VXX 09/11/2020 28.0 Diagonal Call @ 0.22 Credit plus 1.00 higher on the short strike.

I still have VXX 30.50, 31.0 and 32.0 short calls that should expire in an hour if I don’t cover them.

A TRADE:

CC STO 9/11/20 22.0 NTM PUTS @1.33

ADS Covered Call rolls

Bought to close ADS 09/04/2020 51.0 Covered Call / Sold 1 ADS 09/11/2020 51.0 Covered Call @ 0.50 Credit
Bought to close ADS 09/04/2020 51.0 Covered Calls / Sold ADS 09/11/2020 51.0 Covered Calls @ 0.65 Credit (different account)
Bought to close ADS 09/04/2020 50.0 Covered Calls / Sold 1 ADS 09/11/2020 52.0 Covered Calls @ 0.38 Credit

Econ Calendar for week of 9/7/20

Screen Shot 2020-09-04 at 11.01.38 AM
Screen Shot 2020-09-04 at 11.01.38 AM

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

UVXY

#ShortPuts – Stopped out of my overnight scalp at even. Added these though…

Sold UVXY SEP 11 2020 24.0 Puts @ .83 and .90

LABU Oct

Sold to open $LABU 10/16 30 puts @ 2.00. Lowest strike in 10/16. 16 delta.

KSS Call Rolls

Bought to close KSS 09/04/2020 23.0 Calls / Sold KSS 09/11/2020 23.50 Calls @ 0.32 Credit plus an extra 0.50 on the strike price.

Bought to close KSS 09/04/2020 24.0 Calls / Sold KSS 09/11/2020 24.00 Calls @ 0.27 Credit

VIAC new Diagonal Call

Bought to Open VIAC Oct 16 2020 33 Calls / Sold to Open VIAC Sep 11 2020 29 Calls @ Net Credit of $0.09.
I’m long excess September 32.50 Calls from earlier spreads but they expire in 2 weeks and I want to sell them soon.

The high for this move since earnings is 29.02 set yesterday morning.

VXX Diagonal roll

Bought to close VXX 09/04/2020 30.0 Diagonal Calls / Sold VXX 09/11/2020 34.0 Diagonal Calls @ 0.22 Credit.
Added 4 BIG points to the short strike

Since this was my biggest short call position I’m just playing it safe.
I have other calls short today with higher strikes (and some lower) that I will monitor until 3:45

VIX

All is forgiven. Nothing to see here.
VIX drops from 38.28 to 32.28 in less than 2 hours and is down 4% from yesterday’s close.

20170815_VIX3

SPXtra

#SPX1dte Sold to Open $SPX Sept 11th 3200/3220 call spreads for 17.25, when SPX was at 3370. Betting on more downside. Risking 2.75.

ROKU Oct

$ROKU looks to be bouncing off the 50 day moving average. Sold 10/16 140/130 bull put spread @ 2.80. Short strike 27 delta. IV rank 37. Stock trading around 159-160.

NFLX

Rolled $NFLX Sep-04-2020 490/500 #BuPS // Sep-11-2020 @0.50 Credit.

AAL

STO Sep-11-2020 14 #CoveredCalls @0.34
Holding for expire Sep-04-2020 14 #ShortCalls

SPY

#ShortPuts – Gotta take a shot at the 200ma bounce.

Sold SPY Sep 18 2020 310.0 Put @ 2.60

VXX

Sold more VXX 09/18/2020 80.0 Calls @ 0.42 against long November calls

DOCU NFLX OSTK SLB STX TNA UVXY

#ShortPuts #Earnings #CoveredCalls – A few this morning…

DOCU: Earnings booking it for safety.
Bought to Close DOCU SEP 18 2020 190.0 Put @ 2.60 (sold for 3.34)

NFLX: Short strangle rolling call down for extra credit.
Rolled NFLX SEP 18 2020 640.0 Call to NFLX SEP 18 2020 600.0 Call @ 1.25 credit (6.65 total now)

OSTK: Will be assigned 100 shares. Got an early start on covered calls right at the open.
Sold OSTK SEP 11 2020 70.0 Call @ 7.50

SLB: Covered rolling.
Rolled SLB SEP 4 2020 19.0 Calls to SEP 18 2020 19.0 Calls @ .48 credit

STX: Covered rolling.
Rolled STX SEP 4 2020 46.0 Calls to SEP 11 2020 46.5 Calls @ .15 credit

TNA: Booking for safety.
Bought to Close TNA SEP 18 2020 27.0 Put @ .64 (sold for .90)
Bought to Close TNA SEP 18 2020 28.0 Put @ .85 (sold for 1.08)

UVXY: Replacing some closed yesterday.
Sold UVXY SEP 11 2020 24.5 Puts @ 1.10

TSLA

Bought to close 5 TSLA Sep 04 2020 560 Calls Limit at $0.01 to release margin for other trades.
It won’t trade any lower.
This was the short side of a single 2800/3000 Bear Call Spread sold last Friday @ 7.60

VXX Long Put

Playing the eventual contango loss in VXX over time.
First trade in this expiration – a year out – 378 DTE
Bought 1 VXX SEP 17 2021 $10 PUT @ 0.70

August Jobs Report

#Jobs — increase meets expectation, while UE rate falls more than expected

Gain of +1,371,000 non-farm payroll jobs, vs. expected 1.32M gain
Unemployment at 8.4%, down by 1.8%, vs. expected 9.8%
U6 unemployment at 14.3%, down by 2.3%
Labor force participation 61.7%, up by 0.3
Average hourly earnings up 0.4%, up by 0.2

July jobs revised down by -29K to +1.734M
June jobs revised down by -10K to +4.781M