OptionsExpiration

Expired:
KSS 09/25/2020 22.50 Covered Calls
SLB 09/25/2020 17.50 Covered Calls
SLB 09/25/2020 18.00 Covered Calls
VIAC 09/25/2020 31.00 Diagonal Calls
VXX 09/25/2020 31.00 Diagonal Calls
VXX 09/25/2020 30.50 Diagonal Calls
VXX 09/25/2020 30.00 Diagonal Calls
VXX 09/25/2020 29.00 Diagonal Calls
VXX 09/25/2020 28.50 Diagonal Calls
WBA 09/25/2020 36.50 Covered Call
WBA 09/25/2020 37.00 Diagonal Call
WBA 09/25/2020 37.50 Diagonal Call
WDC 09/25/2020 40.00 Covered Calls
WDC 09/25/2020 40.50 Diagonal Calls
WDC 09/25/2020 41.00 Diagonal Calls
WFC 09/25/2020 30.00 Covered Calls

VXX 09/25/2020 24.50 Diagonal Puts
VXX 09/25/2020 24.00 Diagonal Puts
VXX 09/25/2020 23.50 Diagonal Puts
WDC 09/25/2020 33.50 Diagonal Puts

Assignments:
None

Expirations / Roll

Expirations / Roll

OX $AAL 14 Sep-25-2020 Calls
STO $AAL 12.5 Oct-02-2020 #CoveredCalls

OX $AMD Sep-25-2020 82.5/85 #BeCS (end of a long chain of trades)

Econ calendar for week of 9/28/20

#JOBS report is Friday morning

Screen Shot 2020-09-25 at 1.03.10 PM
Screen Shot 2020-09-25 at 1.03.10 PM

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

Expiration Friday, all expired worthless,…

Expiration Friday, all expired worthless, ** denotes covered option. If CALL, doesn’t have an “s” after it it is only ONE CALL. ;>) Great weekend everyone, and where it applies, a great Holiday.

KODK 11.5 CALL STO @.75
KODK 12.0 CALL STO @.65
KODK 12.5 CALL STO @.50
OSTK 74.0 CALL STO @3.60
OSTK 76.0 CALL STO @3.10
VMW 141.0 CALL STO @.70 **
AAPL 115.0 CALL STO @.87 **
DKNG 52.0 CALL STO @.58 ** Looks like stocks going to be assigned
DKNG 53.0 CALL STO @.80 ** ” ” ” ” “

SPX 1-dte

#SPX1dte Sold to Open $SPX 3190/3210-3365/3385 iron condors for 1.40, IV 14.95%, SPX 3296, deltas -.07,+.06

MU Puts

#shortputs
$MU STO 10/2 46 put at .82. Earnings 10/2. Stock at 48.94. That’s all I have.

#diagonal SPY Rolled Sept. 25,…

#diagonal SPY

Rolled Sept. 25, 330 call to Sept. 28, 331 for .68

NVAX Puts Closed / PENN VXX HAL Puts Rolled

#shortputs
$NVAX BTC 9/25 106 put at .15. STO at 4.50.
$NVAX BTC 9/25 107 put at .15. STO at 5.69.
$PENN BTC 9/25 70 put and STO 10/2 67 put at .20 added credit
$VXX BTC 9/25 24 put and STO 10/2 24.5 put at .28 added credit
$HAL BTC 9/25 16 put and STO 10/2 16 put at even.

#shortputspread NVDA Sold Nov. 20,…

#shortputspread NVDA

Sold Nov. 20, 420/430 for 2.41 I plan to be out before some upcoming election and earnings the 11th.

SPY

Sold 1 SPY Sep 28 2020 330.0 Diagonal Call at $0.61

Also set up a new diagonal spread:
Bought to Open 1 SPY Oct 16 2020 348 Call / Sold to open 1 SPY Sep 28 2020 330 Call @ 0.22 Net Credit

Markets

#FallingKnife

Energy names are leading the downside in the S&P500 with the market up
APA Apache Corporation
FTI TechnipFMC plc
MRO Marathon Oil Corporation
NOV National Oilwell Varco, Inc.
OXY Occidental Petroleum Corporation
SLB Schlumberger Limited
FANG Diamondback Energy, Inc.
VLO Valero Energy Corporation
MPC Marathon Petroleum Corporation
COG Cabot Oil & Gas Corporation
HFC HollyFrontier Corporation
DVN Devon Energy Corporation
PSX Phillips 66

Only Cabot and Valero are currently profitable but most are still paying a dividend

TRADES: Late posting

CZR BTO STOCK @54.85
AAPL BTO STOCK 108.94 & 109.37

WDC roll

Bought to close WDC Sep 25 2020 40.0 Diagonal Calls at $0.01. It won’t trade any lower.
Replaced these with WDC Oct 02 2020 40.0 Diagonal Calls at $0.43

SPY roll

Bought to close SPY Sep 25 2020 334 Call at $0.01. (Sold Wednesday @ 1.15)
Bought to close SPY Sep 25 2020 333 Call at $0.01. (Sold last Friday @ 5.12)
They won’t trade any lower.

Replaced them:
Sold 1 SPY Sep 28 2020 329.0 Diagonal Call at $0.55
Sold 1 SPY Sep 30 2020 329.0 Diagonal Call at $1.34

VXX Put roll

Bought to close VXX Sep 25 2020 26.0 Puts at $0.22. Sold last Friday on a roll down at $2.46.

Replaced them with short VXX Oct 02 2020 24.5 Puts at $0.29 for a 0.07 Net Credit.

With VXX bouncing around on both sides of the strike price yesterday, I’m not waiting for expiration.