SPY at the bell

Bought to Close SPY Oct 21 2020 344 Calls at $0.04 – sold for 6.72 on 10/16 and 4.08 on 10/19
Sold to Open SPY Oct 23 2020 346 Calls at $1.06.

LABU

#ShortPuts Adding small…

Sold LABU NOV 13 2020 40.0 Put @ 1.43
Sold LABU NOV 27 2020 35.0 Put @ 1.29

#ironcondor NFLX Sold Nov. 20,…

#ironcondor NFLX

Sold Nov. 20, 440/445/575/580 for 1.53

SPY Rollups

Bought to Close 1 SPY Oct 21 2020 340 Call / Sold to Open 1 SPY Oct 23 2020 341 Call @ 0.36 Credit with SPY at 343.91
Bought to Close SPY Oct 21 2020 342 Calls / Sold to Open SPY Oct 23 2020 344 Calls @ 0.53 Credit with SPY at 343.82.

Hoping to cover my 344.0 Calls @ 0.01

SPX 7-dte

#SPX7dteLong Sold to Close $SPX 3470/3450 put spreads for 19.30. Call side sold for 3.70 this morning, so total credit of 23.00 against purchase of condor last Thursday for 17.05. Nice expiration day!

ABT BTC Oct 23 $107 Calls…..Abbott earnings good…raised full year guidance and stock dropped $2….so I bought the calls back for $.85 ….looking for a bounce and will cover shares again. STO on 10/15 for $2.87.

CINF

New Diagonal Spread
Bought to Open 1 CINF Mar 19 2021 95 Call / Sold to Open 1 CINF Nov 20 2020 85 Call @ 0.40 Net Credit.
The stock is at the top of a big 5.5% run today @ 84.25

KSS

With the stock up 6.6% today:
Sold KSS 10/23/2020 22.00 Covered Calls @ 0.47
Sold KSS 10/23/2020 23.00 Diagonal Calls @ 0.18 against long November calls left over from another spread.
#DoubleDip

OSTK

#ShortStrangles – Moving the earnings date didn’t do me any favors. Rolling put side of the strangles out and down for a credit and concentrating on selling the call side against it now.

Rolled OSTK OCT 30 2020 70.0 Puts to NOV 20 2020 65.0 Puts @ .90 credit (4.20 total now)
Sold OSTK OCT 23 2020 73.0 Calls @ .60

Markets this week

dXOlQhpF

btfd

TSLA earnings analysis

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

July 22, 2020 AC -4.97%
April 29, 2020 AC -2.32%
Jan. 29, 2020 AC +10.29%
Oct. 23, 2019 AC +17.66% Biggest UP
July 24, 2019 AC -13.61% Biggest DOWN
April 24, 2019 AC -4.26%
Jan. 30, 2019 AC -0.56%
Oct. 24, 2018 AC +9.13%
Aug. 1, 2018 AC +16.18%
May 2, 2018 AC -5.54%
Feb. 7, 2018 AC -8.62%
Nov. 1, 2017 AC -6.79%

Avg (+ or -) 8.33%
Bias 0.55%, small positive bias on earnings.

With stock at 430.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 394.07 to 465.93 (+/- 8.4%)
Based on AVERAGE one-day move over last 12 quarters: 394.19 to 465.81
Based on MAXIMUM one-day move over last 12 Q’s (17.7%): 354.06 to 505.94
Based on DOWN max only (-13.6%): 371.48

Open to requests for other symbols.

NFLX put spread

Sold $NFLX 11/20 455/445 bull put spread @ 2.42.

SPY

Rolled all my short Calls with strike prices below 340 forward a few days and up $100.

Still waiting to see how my 340 / 342 / 344 calls end the day.
Stock range 342.50 – 345.67 So far today.
If we stay down or fall further it could be VERY profitable

LABU

STO December 35 puts at 1.90

VIX

There we have it! The Oct $VIX futures contract has expired and the front month “contango” is gone. Term structure remains very flat, waiting for the elections to either spike higher or collapse in a heap. I have no idea which one.

NVDA

#ShortStrangles – Been selling calls against next week’s short put. This week looks safe so selling next week early. Rolling put up for additional premium as well. Earnings still a few weeks away.

Sold NVDA OCT 30 2020 600.0 Call @ 1.55
Rolled NVDA OCT 30 2020 510.0 Put to OCT 30 2020 525.0 Put @ 2.47 credit

Overall position is now Oct 30th 525/600 @ 10.75

TSLA Earnings

#ShortPuts #ShortStrangles – No idea about this one but it feels risky. 🙂 🙂

Sold TSLA OCT 23 2020 392.5/500.0 Strangle @ 5.35

Going out an extra week on this one…

Sold TSLA OCT 30 2020 375.0 Put @ 4.35

NFLX Earnings

#ShortPuts #ShortStrangles #OneNightStand – Booking earnings trades and adding a small post earnings position…

Bought to Close NFLX OCT 23 2020 475.0 Put @ .60 (sold for 4.05)
Bought to Close NFLX OCT 23 2020 480.0/600.0 Strangle @ 1.40 (sold for 6.32)

Sold NFLX OCT 30 2020 460.0/560.0 Strangle @ 3.30

TSCO earnings analysis

#Earnings $TSCO reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.

July 23, 2020 BO +0.03%
April 23, 2020 BO -0.36%
Jan. 30, 2020 BO -1.25%
Oct. 24, 2019 BO +3.02%
July 25, 2019 BO -0.90%
April 25, 2019 BO +0.96%
Jan. 31, 2019 BO -4.70%
Oct. 25, 2018 BO +5.80%
July 26, 2018 BO +2.81%
April 26, 2018 BO +7.18% Biggest UP
Jan. 31, 2018 AC -6.30% Biggest DOWN
Oct. 25, 2017 AC -0.98%

Avg (+ or -) 2.86%
Bias 0.44%, small positive bias on earnings.

With stock at 150.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 142.77 to 157.23 (+/- 4.8%)
Based on AVERAGE one-day move over last 12 quarters: 145.71 to 154.29
Based on MAXIMUM one-day move over last 12 Q’s (7.2%): 139.23 to 160.77
Based on DOWN max only (-6.3%): 140.55

Open to requests for other symbols.

#shortputs

NFLX

BTC $NFLX Oct-30-2020 555/565 #BeCS @0.50 debit. Was STO @4.52 as part of a roll on 10/14/2020.
Holding $NFLX Oct-30-2020 485/495 #BuPS – looking for a bit of post earnings recovery.

SPX 7-dte

#SPX7dte Sold to close $SPX Oct 21st 3480/3500 call spreads for 3.70. Need to now bank on the 3470/3450 put side for bulk of profit today. Condors bought for 17.05 last Thursday.

SPX 1-dte

#SPX1dte Five minutes after closing bell: Sold to Open $SPX Oct 21st 3340/3360-3510/3530 iron condors for 1.60, with SPX close at 3443, IV 21%, delats: -.07,+.07

AAL SLB Covered Calls

Sold AAL Oct 23 2020 13.50 Calls @ 0.24
Sold SLB Oct 30 2020 18.0 Calls @ 0.11

VXX

Playing around a bit with diagonal call spreads
Bought VXX Jan 15 2021 85.0 Calls / Sold VXX Oct 23 2020 24 Calls @ 0.02 Net Credit.
Because of all the short puts I have I would like the stock a point higher by Friday.

Also sold some VXX Oct 23 2020 26.50 Calls @ 0.23.
This strike price is almost outside the 20 day( 1 month) trading range for the stock

SPX 7-dte

#SPX7dteLong Bought to open $SPX Oct 26th 3450/3470-3480/3500 iron condors for 17.20, with SPX at 3463. Placed order when we were at 3474, but filled on the drop.

NFLX Earnings

#ShortStrangles – In a different account….fairly aggressive.

Sold NFLX OCT 23 2020 480.0/600.0 Strangle @ 6.32

KSS SLB Covered Calls

Sold 1 KSS 11/20/2020 25.0 Covered Call @ 0.68
Sold SLB 11/06/2020 18.0 Covered Calls @ 0.13

GILD T

#fallingknife trades
Both stocks flirting with 52week lows
Sold 1 GILD 10/30/2020 60.0 Put @ 1.31
Sold 1 T 11/27/2020 26.0 Put @ 0.60

Nice dividend yields down here too

#closing #shortputs DKNG Oct. 9,…

#closing #shortputs DKNG
Oct. 9, sold an Oct. 16, 45 put for .56, Oct. 16 rolled to Oct. 23 for 1.68, closed today on a brief increase for 2.15.
Holding a short Nov. 20, 35 put

NIO Puts Closed

#shortputs

$NIO BTC 10/23 27 put at .50 STO 10/15 at 1.58

PENN MGM VXX MRVL Puts Rolled / NIO Strangle

#shortputs

$PENN BTC 10/23 72 put and STO 10/30 71 put at added .61 credit
$MGM BTC 10/23 23 put and STO 10/30 22.50 put at a debit of .09 but gain .50 in strike
$VXX BTC 10/23 24 put and STO 10/30 23.50 put at added .17 credit
$MRVL BTC 10/23 43.5 put and STO 10/30 43.5 put at added .30 credit

#shortstrangles

$NIO STO 10/23 26/30 strangle at .50

LABU

#ShortPuts – Starter position. First trade beyond the election..

Sold LABU NOV 20 2020 40.0 Put @ 1.55

OSTK

#ShortPuts – Reducing size slightly…

Bought to Close OSTK OCT 23 2020 70.0 Put @ 1.20 (sold for 2.20)
Bought to Close OSTK OCT 23 2020 67.5 Put @ .65 (sold for 1.60)

NVAX

Roll $NVAX 23-Oct-2020 92/102 #BuPS // 30-Oct-2020 @0.30 Credit.

Not sure how long I’m going to try to ride this out, but we’ll give it another week.

AAPL

BTC $AAPL Oct-23-2020 125/135 #BeCS @0.10 debit. Was STO 10/5/2020 @0.76.
Roll $AAPL Oct-23-2020 110/120 #BuPS // Oct-30-2020 @0.50 Credit.

Will probably STO another #BeCS to rebuild the condor.

NFLX earnings analysis

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

July 16, 2020 AC -6.52%
April 21, 2020 AC -2.86%
Jan. 21, 2020 AC -3.58%
Oct. 16, 2019 AC +2.46%
July 17, 2019 AC -10.27% Biggest DOWN
April 16, 2019 AC -1.31%
Jan. 17, 2019 AC -3.98%
Oct. 16, 2018 AC +5.28%
July 16, 2018 AC -5.24%
April 16, 2018 AC +9.18%
Jan. 22, 2018 AC +9.97% Biggest UP
Oct. 16, 2017 AC -1.57%

Avg (+ or -) 5.19%
Bias -0.70%, negative bias on earnings.

With stock at 530.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 484.26 to 575.74 (+/- 8.6%)
Based on AVERAGE one-day move over last 12 quarters: 502.52 to 557.48
Based on MAXIMUM one-day move over last 12 Q’s (10.3%): 475.57 to 584.43
Based on UP max only (+10.0%): 582.84

NOTE: 3-day data: Max UP +18.5%, Max DOWN -13.1%. Avg Move +/- 6.5%, Bias: -1.24%

Open to requests for other symbols.

NFLX Earnings

#ShortPuts – You can do better now. Selling below all the major moving averages and at recent lows and just outside the expected move.

Sold NFLX OCT 23 2020 475.0 Put @ 4.05

OSTK

#ShortPuts #ShortStrangles – Pulled a “WYNN” on me. Moved their earnings up a week so outstanding positions for next week jumped in value. You never know until it’s actually confirmed. Earnings last two years were in first or second week of Nov. Not this time…I’m guessing they wanted to avoid possible election fallout.

SPX 1-dte

#SPX1dte Expired: $SPX Oct 19th 3395/3415-3555/3575 condors, sold Friday for 1.40. Been watching to close it for the last hour but ended up hanging on for the win.

VXX

VXX
Sold VXX Oct 23 2020 24 Call at $0.63
Sold VXX Oct 23 2020 24.5 Call at $0.51
Sold VXX Oct 23 2020 25 Call at $0.42

Sold VXX Oct 23 2020 25.5 Calls at $0.33
Sold VXX Oct 23 2020 26 Calls at $0.27

Replacing similar calls that expired Friday and turning existing short PUT spreads into Short Calendar Iron Condor Spreads

TQQQ

#ShortStrangles – Sold TQQQ OCT 30 2020 120.0/170.0 Strangle @ 3.75

WDC Covered Calls

Sold WDC Oct 23 2020 41 Calls Limit at $0.11

SPY Rolls

Rolled all today’s short diagonal calls to the Wednesday expiration for small credits.
Too numerous to list but I did roll up the 341 Calls up to 342 and the 343 Calls up to 344.

If SPY gets below 341.50 it could get ugly

SPX 7dte

#SPX7teLong Bought to Open $SPX Oct 23rd 3440/3460-3470/3490 iron condors for 17.05, with SPX at 3467.

Sold to close Oct 19th 3520/3500 put spreads for 19.70. Condors bought last Wednesday for 16.25. Since we did go ITM briefly this morning I’m exiting for safety in case of a stimulus announcement or something.

#earningsAAL JadeLiz STO 20 Nov….

#earningsAAL JadeLiz
STO 20 Nov. 11/14/14.5 for .70
AAL reports 22 Oct AM

#coveredcalls CCL WBA CNQ GPRO…

#coveredcalls CCL WBA CNQ GPRO

CCL sold Nov. 20, 16 call for .75
WBA sold Oct. 30, 39 call for .36
CNQ sold Nov. 20, 20 call for .32
GPRO sold Oct. 23, 7 calls for .18

#earningsTSLA BuPS STO 400/395 30…

#earningsTSLA BuPS STO 400/395 30 Oct for 1.40
Earnings on Oct 21 PM. Short delta .21

Schwab Account Week Ending 10/16 – Trades and Positions

https://coveredcallswithjeff.wordpress.com/2020/10/18/schwab-account-wk-ending-10-16-trades-and-positions-24245-or-1-in-the-week/

Covered Calls – IB Positions and Trades 10/16

https://coveredcallswithjeff.wordpress.com/2020/10/18/ib-account-wk-ending-10-16-trades-and-positions-13917-or-4-2-in-the-week/

#coveredcalls-2

OptionsExpiration

Short Positions Expiring:
CINF 10/16/2020 80.00 Diagonal Call
KSS 10/16/2020 21.50 Covered Calls
KSS 10/16/2020 23.00 Diagonal Calls
SLB 10/16/2020 18.00 Covered Calls
VXX 10/16/2020 23.50 Diagonal Call
VXX 10/16/2020 24.00 Diagonal Calls
VXX 10/16/2020 24.50 Diagonal Calls
WBA 10/16/2020 40.00 Covered Calls
WBA 10/16/2020 41.00 Covered Call
WFC 10/16/2020 26.50 Covered Calls
WFC 10/16/2020 27.00 Diagonal Calls
WFC 10/16/2020 27.50 Covered Call

WBA 10/16/2020 35.00 Put
WBA 10/16/2020 33.50 Diagonal Puts
WFC 10/16/2020 22.00 Diagonal Puts
WFC 10/16/2020 21.50 Diagonal Puts

Assignments:
None

VXX

Sold VXX Oct 23 2020 24 Calls at $0.39
Sold VXX Oct 23 2020 24.5 Calls at $0.32
Sold VXX Oct 23 2020 25 Call at $0.26

Expirations / Rolls

OX LULU Oct-16-2020 310/330 #BuPS
OX SLB Oct-16-2020 20 #CoveredCalls
OX USO Oct-16-2020 30 #CoveredCalls
STO USO Oct-30-2020 30 #coveredcalls @0.32 credit
Roll OSTK Oct-16-2020 85 #CoveredCalls // Nov-16-2020 @10.40 Credit.
Roll SONO OCT-16-2020 15 #CoveredCalls // Nov-20-2020 @1.22 credit.

Was really hoping most of the Covered Calls would be assigned. The LULU was a #BUPS that got rolled into another, so was wider than my typical. Probably should bail out of the SLB with a small loss – not much premium even going to Dec expirations.

MRVL Put Roll

#shortputs

$MRVL BTC 10/16 43.50 put and STO 10/23 43.50 put for added .65 credit.

NVDA

#ShortCalls – Selling against an Oct 30th 510 short put…

Sold NVDA OCT 23 2020 590.0 Call @ 1.82 (6.77 total in the strangle now)

TRADES:

AAPL STO 10/23/20 126.0 CALLS @.75
CZR STO 10/23/20 60.0 CALLS @.48
Have a great and safe weekend all.

SPX trades

#SPX7dte Sold to close $SPX Oct 16th 3530/3510 put spreads for 18.50. Condors bought for 16.20 on Monday. Too much risk of a surge higher into the close so taking more than half of the max profit now.

I plumb forgot to sell a #SPX1dte condor yesterday, but I will today for Monday and will post it in a comment under this.

TDOC

#ShortPuts – Adding. Week before earnings..

Sold TDOC OCT 23 2020 212.5 Put @ 2.45

ISRG Earnings

#IronButterfly #Earnings – Didn’t post this yesterday since it seemed like such a ridiculous trade…LOL Got lucky for once. Taking the gain now. Risk was 30 to make 470.

Bought to Close ISRG OCT 16 2020 745/750/750/755 Iron Butterfly @ 3.05 (sold for 4.70)

ADS Covered Call Roll

An unexpectedly large move today through the strike price forced me into this roll.
Bought to close ADS Oct 16 2020 55.00 Covered Calls / Sold to open ADS Nov 20 2020 60.0 Covered Calls @ 2.05 Net Credit plus a generous 5 point bump in the strike price.

MA BUCS Closed

#bucs

$MA STC 10/16 330/350 BUCS at credit of 11.50. BTO at 8.46. Waited too long to close.

NVTA RKT Put Rolled

#shortputs

$NVTA BTC 10/16 50 put and STO 11/20 45 put at added credit of 1.80
$RKT BTC 10/16 26 put and STO 10/23 26 put at added credit of .10
$MGM BTC 10/16 23 put and STO 10/23 23 put at added credit of .10

ZM Iron Condor

Sold $ZM 11/20 450/460/680/690 iron condor @ 3.14. IVR 43. Earnings not expected until after Nov expiration.

VXX Put Rolls

Buying more time – bringing in $cash

Bought to close VXX 10/16/2020 25.0 Puts / Sold VXX 10/23/2020 25.0 Puts @ 0.19 Credit
Bought to close VXX 10/16/2020 24.50 Puts / Sold VXX 10/23/2020 24.50 Puts @ 0.22 Credit
Bought to close VXX 10/16/2020 23.50 Puts / Sold VXX 10/23/2020 23.50 Puts @ 0.39 Credit
Bought to close VXX 10/16/2020 23.0 Puts / Sold VXX 10/23/2020 22.50 Puts @ 0.02 Credit plus a 0.50 lower strike.
Bought to close VXX 10/16/2020 23.0 Puts / Sold VXX 10/23/2020 22.50 Puts @ 0.15 Credit plus a 0.50 lower strike.

I have lots of short VXX calls expiring today too.

Done with worrying about VXX for this week.

TSLA

#ShorPuts – Stopped out on the drop. Was keeping it on a tight leash since it was a one day scalp. Didn’t want any positions in it leading into earnings. Looking at selling again next week.

Bought to Close TSLA OCT 16 2020 437.0 Put @ .75 (sold for 2.00)

ADS Roll

Bought to close ADS Oct 16 2020 52.50 Covered Calls / Sold to open ADS Oct 23 2020 53.0 Covered Calls @ 0.44 Net Credit.

Bought to close ADS Oct 16 2020 53 Diagonal Calls / Sold to open ADS Oct 23 2020 54 Diagonal Calls @ 0.25 Net Credit.
Used 0.05 of the credit to buy a hedge (Oct 23 65.0 Calls) as my old hedge is expiring today

Brought in cash on the rolls and ramped the short strikes prices up a bit.

#rolling DKNG Rolled Oct. 16,…

#rolling DKNG

Rolled Oct. 16, 45 put to Oct. 23, 16 put for 1.68. Just dropped below 45 this morning.

EWZ

#ShortPuts – Taking well over half a couple weeks early…

Bought to Close EWZ OCT 30 2020 27.0 Puts @ .22 (sold for .62)

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Oct 21st 3450/3470-3480/3500 iron condors for 17.05, with SPX at 3473.

TSLA

#ShortPuts – Filled on an earlier bounce…

Bought to Close TSLA OCT 16 2020 425.0 Put @ .55 (sold for 8.20)

ADBE Iron Condor

Sold $ADBE 11/20 440/450/550/560 iron condor @ 3.44. Short strikes both at 21 delta. Stock now around 497, trading near the middle of the recent range. IV rank 30. Earnings not expected until after opex.

AMZN BUPS Closed

#bups

$AMZN BTC 10/16/2980/3000 BUPS at .07. STO at 7.52 on 9/11

NIO Puts

#shortputs
$NIO STO 10/23 27 put at 1.50

TQQQ

#ShortPuts – Adding at lower strikes…

Sold TQQQ OCT 30 2020 110.0 Put @ 1.55

TSLA

#ShortPuts – Sold TSLA OCT 16 2020 437.0 Put @ 2.00

VXX

On the opening spike @ 22.91
Sold 1 VXX 10/16/2020 23.50 Call @ 0.38
Sold VXX 10/16/2020 24.00 Calls @ 0.23 – adding to my position
Sold VXX 10/16/2020 24.50 Calls @ 0.17

I still have twice as many short puts as short calls so higher is better for this week.