#shortputs
$DKNG BTC 10/16 40 puts at .20. STO for 3.96
#bups
$GOOGL BTC 10/2 1250/1300 BUPS at .30. STO at 1.95. Thank you @jsd501
$DKNG BTC 10/16 30/35 BUPS at .10. STO at 1.70.
$WYNN BTC 10/16 70/80 BUPS at 6.00. STO at 2.83.
Daily Archives: Monday, September 28, 2020
SPXpire
Expiring:
#SPX1dte Sept 28th 3190/3210-3365/3385 condors, sold Friday for 1.40
#SPX7dteLong Sept 28th 3305/3325 call spreads for max credit of 20.00. Condors bought last Tuesday for 17.70.
TQQQ
#ShortPuts – Risk reduction on the bounce. Looking for a new pullback to re-load.
Bought to Close TQQQ OCT 02 2020 100.0 Put @ .20 (sold for 2.30)
NVDA
#ShortPuts – I’ll take it a few days early…
Bought to Close NVDA OCT 02 2020 450.0 Put @ .15 (sold for 4.33)
NFLX
#ShortStrangles – Stock caught an upgrade with a 570 target. Rolling the put sold earlier up for additional credit and adding a weekly short call.
Rolled NFLX OCT 16 2020 425.0 Put to OCT 16 2020 460.0 Put @ 4.91 credit (8.09 total now)
Sold NFLX OCT 2 2020 520.0 Call @ 1.45
EDIT: More aggressive put roll up to allow slightly more aggressive call selling for a couple weeks leading up to earnings.
TAN, Making a new high…
TAN, Making a new high so STO October 16, 57 puts at 1.10
SPY Roll
Bought to Close SPY Sep 28 2020 330 Calls / Sold to Open SPY Sep 30 2020 331 Calls @ 0.20 Net Credit
EWZ
#LongCalls #LEAPS – Haven’t done one of these in awhile. Buying the LEAP calls and selling short term against them. I’ll hopefully be more disciplined with my call sales than in my past. Goal is to eventually cover the cost of the LEAPS selling half as many short term. EWZ near multi year lows (other than covid crash).
Bought to Open 10 EWZ JAN 20 2023 27.0 Calls @ 5.70
Sold 5 EWZ OCT 2 2020 29.0 Calls @ .12
Nearly every one of these I’ve ever tried would have been successful had I not got greedy with weekly sales. 🙂 🙂
ROKU BWB
Since many months sitting on a ROKU Jan 2022, $140 / $190 Bull Call Spread (cost $13). Looking for ways to sell premium against that spread, this BWB does the trick with the $175 / $185 leg of the BWB 100% ITM, happy to keep rolling the short call spread side $185 / $200 as often as it takes.
$ROKU BTO Oct 16, 175 / 185 / 200 Broken Wing Call Butterfly for $0.07 debit.
Breakeven on the upside at $185. $0.07 of downside exposure.
SPX 7-dte
#SPX7dteLong Bought to open $SPX Oct 2nd 3320/3340-3350/3370 iron condors for 17.30, with SPX at 3345.
SPY Rolls
Bought to Close SPY Sep 28 2020 331 Calls / Sold to open SPY Sep 30 2020 333 Calls @ 0.04 Net Credit.
Bought to Close SPY Sep 28 2020 332 Call / Sold to open SPY Sep 30 2020 334 Call @ 0.42 Net Credit.
Two points better off on the short strike on both.
NFLX
#ShortPuts – Selling down at the 200ma and 1.5 times the expected move and the week before earnings.
Sold NFLX OCT 16 2020 425.0 Put @ 3.18
#rolling #diagonal SPY Rolled Sept….
BA BWB
$BA BTO Oct 16, 160 / 165 / 175 Broken Wing Call Butterfly for $1.11 credit.
Breakeven on the upside at $171. No downside risk (keep credit).
#shortputspread ALB Sold Oct.16, 75/80…
#shortputspread ALB
Sold Oct.16, 75/80 for .95
SPY new Diagonal
Bought to open 1 SPY 10/26/2020 346.0 Call / Sold 1 SPY 09/30/2020 334.0 Call @ 0.04 Credit
Betting on some downside volatility after tomorrow’s debate.
Hoping to get re-write opportunities all though October
NTES
#ShortPuts – Downgraded to 540-570 target.
Sold NTES OCT 09 2020 435.0 Put @ 4.00
WFC Covered Call
Sold WFC OCT 16 2020 $27 CALLS @ 0.18
WBA Calls
Sold 1 WBA OCT 02 2020 $37.50 Covered Call @ 0.17
Sold WBA OCT 02 2020 $38.00 Diagonal Calls @ 0.12
The stock range is 35.83 to 36.36 so far today
Options Bistro 