#closing ROKU Sept. 4 sold…

#closing ROKU

Sept. 4 sold 140/145 put spread for 1.75, bought today on the big jump for .35

TSLA

#ShortPuts – Adding one…

Sold TSLA SEP 25 2020 360.0 Put @ 4.00

NFLX put spread

Sold to open $NFLX 10/16 465/455 bull put spread @ 3.45. Short strike 36 delta. IV rank 32.

SPY diagonal

Sold SPY Sep 23 2020 332.00 Calls at $0.43 against already long calls in October.

SPX-7 dte

#SPX7dteLong Expiring today: $SPX Sept 21st 3410/3390 put spreads for max credit of 20.00. Condors bought last Tuesday for 17.35.

NOTE: I’m not buying one for this Friday’s expiration as I will be on a getaway Wednesday afternoon until Friday noon without internet.

LABU

#ShortPuts – Adding at lower strikes…

Sold LABU OCT 09 2020 40.0 Put @ 1.20

PYPL short puts

Sold to open $PYPL 10/16 170 puts @ 3.80. Stock is up nicely on a really weak day in the market. Delta 27, IV rank 41.

There was a good article this weekend in Barron’s on how Covid killed cash (it was on its way out before all this but the pandemic is just speeding things up). Some interesting takes on how to play it with $PYPL getting the most positive mentions. They also like $SQ $V and $MA among others. $PYPL and $SQ are both up today, not being dragged down by the ties to pandemic-reduced transaction volume that $V $MA have.

An alternative trade: 10/16 170/160 bull put spread for around 2.00.

Insurance Stocks

Taking it on the chin today
UNM -6.9%
LNC -7.4%
PRU -5.5%
AIG -4.5%
All pay nice dividends

Markets

#watchlist
OMC – Forward P/E 9.63 DivYield 5.04% 52WeekLow 46.37
T – Forward P/E 8.97 DivYield 7.19% 52WeekLow 26.08
PBCT – Forward P/E 11.03 DivYield 6.77% 52WeekLow 9.37
XOM – Forward P/E 24.84 DivYield 9.36% 52WeekLow 30.11 (Dividend cut candidate??)
STX – Forward P/E 9.28 DivYield 6.55% 52WeekLow 39.02

ULTA, STO January 300 call…

ULTA, STO January 300 call at 3.30, I still own this pig from an earnings trade last year so, I keep selling covered calls. My cost basis is $311 and it is only on 100 shares so I guess I am lucky it is not more shares.

#shortputs DKNG Sold Oct. 9,…

#shortputs DKNG

Sold Oct. 9, 41 put for .80, stock at 51, down 4 something today

SPY

#ShortPuts – Another starter…

Sold SPY OCT 16 2020 295.0 Put @ 2.30

LABU

#ShortPuts – Back in with a starter…

Sold LABU OCT 09 2020 42.5 Put @ 1.35

WBA

Reversed the bad assignment from Friday on the 36.50 Call by rebuying the stock @ 36.44 on the open.
Sold 1 WBA 09/25/2020 37.0 Covered Call @ 0.42 & Sold 1 WBA 09/25/2020 37.50 Diagonal Call @ 0.34.

WDC Puts

Sold WDC 09/25/2020 33.50 Puts @ 0.17. The strike is about equal to the post-earnings low.
Hedged with October 30 puts already long.

Closing AMAT

Bought to close $AMAT 10/16 50 puts @ .72. Sold for 1.60 on 9/8.

SPLK TDOC TSLA VXX

#ShortPuts #CoveredCalls – Staying really short term…

SPLK: Covered.
Sold SPLK OCT 02 2020 182.5 Call @ 2.15

TDOC: Going back in.
Sold TDOC SEP 25 2020 187.5 Put @ 2.30

TSLA: Rolling up slightly for a little more battery day risk. Premium similar to earnings here. 50ma and expected move now.
Rolled TSLA SEP 25 2020 350.0 Put to SEP 25 2020 375.0 Put @ 3.90 credit (9.80 total now)

VXX: Beer money on the volatility bounce.
Bought to Close VXX SEP 25 2020 25.0 Puts @ .71 (sold for .80)

#shortcalls SPY Sold Sept. 23,…

#shortcalls SPY

Sold Sept. 23, 335 call for .24 as part of diagonal.

SPX stopped

#SPX1dte Bought to close $SPX Sept 21st 3225/3205 put spreads for 2.40. Condors sold for 1.05 on Friday.
Expected-move stop point was 3260, so I got out on the bounce after this morning’s low.