VXX

Somebody thinks the VIX is going to drop tomorrow. All these filled near the end of the day and went even higher.
Sold VXX Oct 02 2020 23.5 Puts at $0.10
Sold VXX Oct 02 2020 24.0 Puts at $0.21
Sold VXX Oct 02 2020 24.5 Put at $0.48

SPX trades

#SPX7dteLong Bought to Open $SPX Oct 5th 3315/3335-3345/3365 condors for 17.50, with SPX at 3339.

#SPX1dte Sold to Open $SPX Sep 30th 3235/3255-3415/3435 condors for 1.20, IV 20.07%, SPX 3341, deltas -.05,+.06

Another NVDA condor

Sold $NVDA 10/16 470/480/590/600 iron condor @ 2.65 with the stock around 530. Short strikes around 16 delta. IV rank 35.

OSTK

#ShortPuts – Starter position in a different account…

Sold OSTK OCT 9 2020 65.0 Put @ 1.60

TSLA

#ShortPuts – Jumping back in…

Sold TSLA OCT 02 2020 385.0 Put @ 2.05

NVTA Puts

#shortputs
$NVTA STO 10/16 40 puts at 1.30

VIX

What if the VIX doesn’t go up?

https://www.zerohedge.com/markets/crash-risk-what-if-election-not-doomsday-event-vix-expects-it-be

Quote of the day

If you intend to watch, remove all sharp objects and fragile home furnishings from your TV room. Start drinking at least one hour in advance. Consider a small dose of horse tranquilizer.

TDOC

#ShortPuts – Nice run the last few days so I’ll take it 10 days early…

Bought to Close TDOC OCT 09 2020 180.0 Put @ .35 (sold for 2.75)

TSLA

ShortPuts – Taking the quick profit…

Bought to Close TSLA OCT 02 2020 390.0 Put @ 2.50 (sold for 4.75)

ADBE adjust

$ADBE Adjusted my 10/16 420/430/510/520 iron condor. Rolled the 430/420 bull put spread up to 460/450 for 1.18 credit. Stock at 490.77 and looking pretty strong. Total premium now 4.29.

WFC Put spread

Put buyers are really concerned about Well Fargo’s October 14th #Earnings report
Bought to Open WFC Dec 18 2020 17.5 Puts / Sold to open WFC Oct 16 2020 21.5 Puts @ 0.04 Net Credit.

The short strike is a half point below the 52Week low.
And I have another spread-based short put at 22.0 that probably expires the week before.
That will give me an extra set of protective long puts.

#closing CHWY DKNG #jadelizard #shortputs…

#closing CHWY DKNG #jadelizard #shortputs

CHWY Sept. 10, sold a jade lizard with a long put, making it an iron condor. CHWY went down quite a bit, selling the long put and a couple rolls, closed the position today for a gain
DKNG Sept. 21, sold an Oct. 9, 41 put for .80, bought today for .08

SPY

#ShortPuts – Hitting resistance so taking it early…

Bought to Close SPY OCT 16 2020 295.0 Put @ .51 (sold for 2.30)

TSLA

#ShortPuts – Pretty aggressive but a couple rolls available leading into earnings…

Sold TSLA OCT 02 2020 390.0 Put @ 4.75

DOCU

#ShortPuts – Booking it on the early bounce…

Bought to Close DOCU OCT 09 2020 180.0 Put @ .30 (sold for 2.90)

MU earnings analysis

#Earnings $MU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

June 29, 2020 AC +4.82%
March 25, 2020 AC +5.38%
Dec. 18, 2019 AC +2.80%
Sept. 26, 2019 AC -11.09% Biggest DOWN
June 25, 2019 AC +13.34% Biggest UP
March 20, 2019 AC +9.61%
Dec. 18, 2018 AC -7.91%
Sept. 20, 2018 AC -2.86%
June 20, 2018 AC +0.83%
March 22, 2018 AC -7.99%
Dec. 19, 2017 AC +4.02%
Sept. 26, 2017 AC +8.51%

Avg (+ or -) 6.60%
Bias 1.62%%, positive bias on earnings.

With stock at 51.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 47.23 to 54.77 (+/- 7.4%)
Based on AVERAGE one-day move over last 12 quarters: 47.64 to 54.36
Based on MAXIMUM one-day move over last 12 Q’s (13.3%): 44.20 to 57.80
Based on DOWN max only (-11.1%): 45.34

Open to requests for other symbols.

WDC

Sold to open WDC Oct 02 2020 41 Calls at $0.31

SLB Covered Calls

Covered up part of my long stock yesterday
Sold SLB 10/02/2020 17.0 Calls @ 0.25
Sold SLB 10/02/2020 17.5 Calls @ 0.13

Some thoughts and examples on “working” covered calls over an extended period of time versus “trading”

https://coveredcallswithjeff.wordpress.com/2020/09/29/treating-covered-call-positions-as-a-mid-term-strategy-versus-one-and-done-trades/