$VIX

If Biden wins the VIX falls
If Trump wins the VIX falls
If it’s not settled we are in for some fireworks for a while.

http://vixcentral.com/

OptionsExpiration

KSS 10/30/2020 22.50 Diagonal Calls
KSS 10/30/2020 23.00 Diagonal Calls
KSS 10/30/2020 23.50 Diagonal Calls
KSS 10/30/2020 23.50 Covered Calls
SLB 10/30/2020 17.00 Diagonal Calls
SLB 10/30/2020 18.00 Covered Calls
WBA 10/30/2020 39.00 Covered Calls
WDC 10/30/2020 47.50 Diagonal Calls

VXX 10/30/2020 21.50 Diagonal Puts

SPX expiration

Expiring today: $SPX 10/30 3190/3215/3375/3400 iron condor

SPX trades

#SPX1dte Sold to Open $SPX Nov 2nd 3045/3065-3360/3380 iron condors for 1.10, SPX 3254, IV 26.9%, deltas -.06,+.05. Volatility is finally giving me a proper distance on the put side.

#SPX7dteLong Expiring at max credit of 20.00: Oct 30th 3390/3370 put spreads. Condors bought for 17.65 on Monday.

VXX

Bought to close 1 VXX Oct 30 2020 26.5 Call @ $0.32. Sold @ 0.45
Bought to close 1 VXX Oct 30 2020 27.0 Call @ $0.05. Sold @ 0.39.

Covered just minutes before the SPY exploded higher and VXX fell @ 3:56

So I sold 1 VXX 11/06/2020 23.0 Put @ 0.54. (positive cash flow)

My VXX short calls and short puts are now almost in balance for next week’s fireworks.
(Short Calendar Iron Condor Spreads)
Calls from 26.50 up to 33.0. Puts from 23.0 down to 21.50

ADS Roll

Bought to close ADS 10/30/2020 51.00 Diagonal Calls / Sold to open ADS 11/06/2020 55.00 Diagonal Calls @ 0.55 Credit plus 4 points on the strike for one more week.
ADS is at 51.16 so the 51 call is in the money

GILD Put

Decided to roll this instead of taking assignment. The EX Dividend date is not until December so no need to commit the cash just yet.
Bought to close GILD 10/30/2020 60.0 Put / Sold GILD 11/27/2020 58.0 Put @ 0.22 Credit and lowered the short strike 2 points to within a point of the 52week low of 57.04 set just yesterday after #Earnings

Halloween

@jeffcp66

Pumpkin adorable
Skulls appropriate

Enjoy!

ADS Roll

Bought to close ADS 10/30/2020 52.00 Covered Calls @ 0.05. They won’t trade any lower.
To replace those I sold ADS 11/06/2020 55.00 Covered Calls @ 0.87 plus 3 points on the strike for one more week.
ADS is at 51.60

VIAC in the post below,…

VIAC in the post below, has earnings very close to the expiration. Ck it out. ;>(

Today’s TRADES: Low $ usage.

VIAC STO 11/6/2027.0 PUTS @.91
VIAC STO 11/6/20 31.0 CALLS @.49
THC STO 11/6/10 24.0 PUTS @1.00
THC STO 11/6/20 27.0 CALLS @.45
AMD STO 11/6/20 75.5 PUTS @2.79 Rolled out
AMD BTC 10/30/20 75.5 PUTS @1.10 1.69 credit
RVLV STO 11/6/20 19.5 CALL @.35
RVLV STO 11/6/20 17.5 PUT @.50

SPY

Bought to close 1 SPY Oct 30 2020 333 Call at $0.01 to release some margin. It won’t trade any lower.
Sold this on a rollout @ 11.99

AAPL FSLR NFLX NVDA OLED OSTK SPY TQQQ TSLA

#ShortPuts #CoveredCalls #Earnings – Out all morning but finally caught up. Some winners booked and some rolls done along with a couple new sales.

AAPL: Selling slightly ITM playing for the iPhone 12/5G/Black Friday/Holiday Bounce.
Sold AAPL NOV 20 2020 110.0 Put @ 5.45

FSLR: Covered Calls.
Sold FSLR NOV 6 2020 86.0 Calls @ 3.45

NFLX: New sale…can’t resist. Going out a little to sell even lower. At the expected move and well below the 200ma.
Sold NFLX NOV 20 2020 425.0 Put @ 6.61

NVDA: Rolled and sold against.
Rolled NVDA OCT 30 2020 525.0 Put to NVDA NOV 13 2020 512.5 Put @ .37 credit (12.75 total now)
Rolled NVDA OCT 30 2020 517.5 Put to NVDA NOV 13 2020 500.0 Put @ .30 credit (3.65 total now)
Sold NVDA NOV 6 2020 535.0 Call @ 3.40

OLED: Earnings trade worked nicely 🙂 🙂
Bought to Close OLED OCT 30 2020 172.5/230.0 Strangles @ .10 (sold for 2.87)

OSTK: Rolled and sold against. Basis if assigned is down in the 59.70 area
Rolled OSTK OCT 30 2020 67.5 Put to NOV 13 2020 65.0 Put @ .20 debit
Rolled OSTK OCT 30 2020 65.0 Put to NOV 13 2020 62.0 Put @ even
Rolled OSTK OCT 30 2020 62.5 Put to NOV 13 2020 60.0 Put @ 1.40 credit
Sold OSTK NOV 6 2020 70.0 Call @ 1.05

SPY: Adding one outside the expected move.
Sold SPY DEC 11 2020 275.0 Put @ 3.20

TQQQ: Booking but not adding anywhere.
Bought to Close TQQQ OCT 30 2020 110.0 Put @ .12 (sold for 1.55)
Bought to Close TQQQ OCT 30 2020 115.0 Put @ 1.10 (sold for 2.00)

TSLA: New sale:
Sold TSLA NOV 06 2020 350.0 Put @ 5.94

Econ Calendar for week of 11/2/20

#Jobs report is Friday at 8:30am ET

Screen Shot 2020-10-30 at 10.36.00 AM
Screen Shot 2020-10-30 at 10.36.00 AM

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

VIX

https://www.zerohedge.com/markets/vix-getting-close-critical-level

VXX Puts

Bought to close VXX 10/30/2020 24.0 Puts @ 0.01. They won’t trade any lower.
Sold these @ 1.99 & 2.00 last Friday on a rolldown.
Done with covering VXX puts for this week.

VXX Call Roll again

Bought to Close VXX Oct 30 2020 25.5 Calls / Sold to open VXX Nov 06 2020 32 Calls @ 0.32 Credit plus 6.50 bump in the short strike price.

Bought to Close VXX Oct 30 2020 25.5 Call / Sold to open VXX Nov 06 2020 33 Call @ 0.27 Credit plus 7.50 bump in the short strike price.

Writing the new calls against the long December calls I bought yesterday because some of my long hedges are expiring today.

VXX Call Roll

Partial rollup
Bought to close VXX Oct 30 2020 25 Calls Net Credit / Sold to Open VXX Nov 06 2020 29 Calls @ 0.22 Net Credit plus a 4.00 point bump in the short strike for election week.
VXX at 26.51

Edit: Finished off the last of these 25 calls:
Bought to close VXX Oct 30 2020 25 Calls Net Credit / Sold to Open VXX Nov 06 2020 30 Calls @ 0.12 Net Credit plus a 5.00 point bump in the short strike for election week.
VXX at 26.36

ZM adjustment

Rolled $ZM 680/690 bear call spread down to 560/570 for 1.10 credit. Paired with 460/450 bull put spread for an iron condor which I originally sold for 3.14 on 10/16. Total premium now 4.24.

SPX 1-dte stopped

#SPX1dte Wow, three expirations in a row, Mon-Wed-Fri, stopped out! Pretty sure that’s the first time that has happened. Monday I held my breath and came out scot free… Wed took a 5.00 loss, today managed only a 1.30 loss. At least the #SPX7dteLong strategy is thriving in this volatility.

Bought to close $SPX Oct 30th 3215/3195 put spreads for 2.60. Sold for 1.30 yesterday.

MRVL Put Roll

#shortputs

$MRVL BTC 10/30 43.50 put and STO 11/6 43 put at .40 debit

SPY 1-dte

Sold 1 SPY 10/30/2020 335.0 Diagonal Call @ 1.02.
I already have one of these so I’m betting on a flat or down day tomorrow.

#earnings TWTR #shortstrangles Sold Oct….

#earnings TWTR #shortstrangles

Sold Oct. 30, 44/63 strangle for 1.30
#tastytradefollow

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Nov 4th 3300/3320-3335/3355 iron condors for 18.45. This is 15-wide, versus my usual 10-wide. I did it to get better premium, but it only got me about .15.

#spx1dte

TQQQ Put Closed

#shortputs

$TQQQ BTC 10/30 130 put at 3.50. STO at 1.60

NIO Puts

#shortputs

$NIO STO 10/30 31 puts at .63
$NIO STO 11/6 29 puts at 1.09

WBA OMC

S&P 500 stocks with a positive dividend payout that are hitting new 52week Lows today.
#FallingKnife

VXX Roll plus a new long

Bought to Close some of my VXX Oct 30 2020 24.50 Diagonal Calls / Sold to Open VXX Nov 06 2020 27.5 Calls @ 0.40 Net Credit plus a BIG 3 point bump in the strike price, pushing them out of the money.

Took that cash and bought some VXX Dec 18 2020 90.0 Calls @ 0.39

VXX – more puts

With the stock right around 25.70 I added to my puts for next week.
Sold VXX Nov 06 2020 22.50 Puts at $0.68
Sold VXX Nov 06 2020 22.00 Puts at $0.52
Sold VXX Nov 06 2020 21.50 Puts at $0.38
Sold VXX Nov 06 2020 21.00 Puts at $0.27.

A lot of these are paired off against VXX puts already long for Jan 2022.
#DoubleDip

FB earnings analysis

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

July 30, 2020 AC +8.17%
April 29, 2020 AC +5.41%
Jan. 29, 2020 AC -6.13%
Oct. 30, 2019 AC +1.80%
July 24, 2019 AC -1.93%
April 24, 2019 AC +5.84%
Jan. 30, 2019 AC +10.81% Biggest UP
Oct. 30, 2018 AC +3.80%
July 25, 2018 AC -18.96% Biggest DOWN
April 25, 2018 AC +9.06%
Jan. 31, 2018 AC +3.31%
Nov. 1, 2017 AC -2.04%

Avg (+ or -) 6.44%
Bias 1.60%, positive bias on earnings.

With stock at 282.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 264.08 to 299.92 (+/- 6.4%)
Based on AVERAGE one-day move over last 12 quarters: 263.84 to 300.16
Based on MAXIMUM one-day move over last 12 Q’s (19.0%): 335.47 to 228.53
Based on UP max only (+10.8%): 312.48

Open to requests for other symbols.

AMZN earnings analysis

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

July 30, 2020 AC +3.69%
April 30, 2020 AC -7.59% Biggest DOWN
Jan. 30, 2020 AC +7.37%
Oct. 24, 2019 AC -1.09%
July 25, 2019 AC -1.55%
April 25, 2019 AC +2.54%
Jan. 31, 2019 AC -5.38%
Oct. 25, 2018 AC -7.81%
July 26, 2018 AC +0.51%
April 26, 2018 AC +3.60%
Feb. 1, 2018 AC +2.87%
Oct. 26, 2017 AC +13.21% Biggest UP

Avg (+ or -) 4.77%
Bias 0.86%, positive bias on earnings.

With stock at 3210.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 3045.70 to 3374.30 (+/- 5.1%)
Based on AVERAGE one-day move over last 12 quarters: 3056.96 to 363.04
Based on MAXIMUM one-day move over last 12 Q’s (13.2%): 2785.96 to 3634.04
Based on DOWN max only (-7.8%): 2959.30

Open to requests for other symbols.

VXX Call Roll

Partial rollup:
Bought to close VXX Oct 30 2020 24.00 Diagonal Calls / Sold to Open VXX Nov 06 2020 26.50 Diagonal Calls @ 0.02 Net Credit plus a 2.50 bump up in the short strike.
With the stock at 26.22, this moves the short position back out of the money.

VXX Put roll

Bought to close VXX Oct 30 2020 21.5 Puts / Sold to Open VXX Nov 06 2020 21.5 Puts @ 0.32 Net Credit.

BABA BWB

BABA currently trading @ $311

BTO BABA Nov 20, 322.5 / 312.5 / 292.5 Broken Wing Put Butterfly @ $2.26 credit.

No risk to the upside (keep the credit) – downside breakeven $297.

Standard adjustment if short strike is breached – roll down and out the $312.5 / 292.5 Bull Put spread for as low a debit as possible. Hold on to the Long $322.5 / 312.5 spread pocketing $10. Timing is key to avoid whipsaw.

#BWB 

RH BWB

RH currently trading @ $359

BTO RH Nov 20, 370 / 360 / 340 Broken Wing Put Butterfly @ $3.15 credit

No risk to the upside (keep the credit) – downside breakeven $347.

Working on the premise that everyone staying at home during lockdown leads to strong dissatisfaction with their interior decor.

#BWB 

SPX Iron Condor For tomorrow’s…

SPX Iron Condor
For tomorrow’s expiration. Sold $SPXW 10/30 3190/3215/3375/3400 iron condor @ 4.25. Short puts 13 delta, short calls 12 delta.

OSTK

#ShortCalls – Gotta take the quick 15 minute profit. Hopefully a bounce to sell again later…

Bought to Close OSTK NOV 6 2020 100.0 Calls @ .60 (sold for 1.50)

OLED Earnings

#ShortStrangles #Earnings – Going wide…hopefully wide enough. Great premium to roll into next week if needed.

Sold OLED OCT 30 2020 172.5/230.0 Strangles @ 2.87

OSTK

#ShortCalls – Selling the pop against monthly 65 puts…

Sold OSTK NOV 6 2020 100.0 Calls @ 1.50

TDOC

#ShortPuts – Crazy fill well above mid price…

Sold TDOC NOV 6 2020 197.5 Put @ 2.20

VXX Puts

Bought to close VXX Oct 30 2020 23 Puts at $0.01. They won’t trade any lower.

This was my biggest VXX short put position. Sold Friday on a roll down @ 1.43.

Replacing these with much smaller positions for next week:
Sold VXX Nov 06 2020 22.50 Puts @ 0.58
Sold VXX Nov 06 2020 22.00 Puts @ 0.44

TDOC Earnings

#ShortPuts #Earnings #OneNightStand – Taking the quickie and looking out to next week to add…

Bought to Close TDOC OCT 30 2020 212.5 Put @ 1.35 (sold for 3.10)

AAPL earnings analysis

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

July 30, 2020 AC +10.46% Biggest UP
April 30, 2020 AC -1.60%
Jan. 28, 2020 AC +2.09%
Oct. 30, 2019 AC +2.26%
July 30, 2019 AC +2.04%
April 30, 2019 AC +4.90%
Jan. 29, 2019 AC +6.83%
Nov. 1, 2018 AC -6.63% Biggest DOWN
July 31, 2018 AC +5.89%
May 1, 2018 AC +4.41%
Feb. 1, 2018 AC -4.33%
Nov. 2, 2017 AC +2.61%

Avg (+ or -) 4.50%
Bias 2.41%, positive bias on earnings.

With stock at 114.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 104.44 TO 123.56 (+/- 8.4%)
Based on AVERAGE one-day move over last 12 quarters: 108.87 TO 119.13
Based on MAXIMUM one-day move over last 12 Q’s (10.5%): 102.08 TO 125.92
Based on DOWN max only (-6.6%): 106.44

Open to requests for other symbols.

DXCM drops $90 after good earnings announcement…..

https://coveredcallswithjeff.wordpress.com/2020/10/29/dxcm-hard-to-understand-a-90-drop-and-how-we-responded/

#coveredcalls, #dxcm

OSTK

#ShortCalls – Stopped out on the run up. Terrible market today and this thing barely budged. Earnings in the morning so staying out of the way just in case.

Bought to Close OSTK OCT 30 2020 87.5 Calls @ .90 (sold for 1.15)

OptionsExpiration

SPY OCT 28 2020 $338 Diagonal Calls – sold for 5.27
SPY OCT 28 2020 $346 Diagonal Calls – sold for 2.51

TDOC Earnings

#ShortPuts #Earnings – Going back in..

Sold TDOC OCT 30 2020 212.5 Put @ 3.10

SPY

Bought to close 1 SPY OCT 28 2020 $337 Diagonal Call @ 0.01. It won’t trade any lower.
Sold this on Monday at 5.37 as a roll up.

BIIB put spread

Sold $BIIB 12/18 215/200 bull put spread @ 5.25. IV rank 83.

SPY

#ShortPuts – Starting a Friday ladder in the IRA. Hopefully the 11th will be available this week…

Sold SPY DEC 04 2020 280.0 Put @ 3.17
Sold SPY DEC 18 2020 270.0 Put @ 3.45

TQQQ

Sold 11/20 90 put @ 3.70

SPX 1-dte stopped

#SPX1dte Bought to close $SPX Oct 28th 3305/3285 put spreads for 6.55. Sold yesterday for 1.30.

#shortcalls DKNG Sold Nov. 20,…

#shortcalls DKNG

Sold Nov. 20, 52.50 call for .80, giving me a 35/52.50 strangle. Have to make up for thinking the Bears would cover Monday night.

Well-DKNG is up today, so…

Well-DKNG is up today, so far.

PTON LULU

BTC PTON OCT-30-2020 110/120 #BuPS @1.80. Was STO @3.62 on a roll last week. Overall +1.63/share gain.
BTC LULU OCT-30-2020 215/225 #BuPS @2.75. End of a couple rolls.

EQR HFC WFC GILD OXY

S&P 500 stocks with a positive dividend payout that are hitting new 52week Lows today.
#FallingKnife

TSLA

#ShortPuts – One more in the books. Most of these I’m closing today would probably be OK through Friday but just playing it super safe going into next week.

Bought to Close TSLA OCT 30 2020 375.0 Put @ 1.17 (sold for 4.35)

TQQQ

#ShortPuts – Laddering expirations and strikes. Still a very small position overall.

Sold TQQQ NOV 13 2020 90.0 Put @ 2.50
Sold TQQQ NOV 20 2020 80.0 Put @ 2.10

SPY

Bought to close 1 SPY OCT 28 2020 $343 Diagonal Call @ 0.01. It won’t trade any lower.
Sold this on Friday at 4.16 as a roll up.

DOCU

#ShortPuts – I’ll take it. Thanks @Ramie !

Bought to Close DOCU OCT 30 2020 202.5 Put @ .57 (sold for 2.45)

NFLX TSLA

#ShortStrangles – A little more risk reduction…

Bought to Close NFLX OCT 30 2020 460.0/560.0 Strangle @ 1.02 (sold for 3.30)

Bought to Close TSLA OCT 30 2020 395.0/495.0 Strangle @ 3.40 (sold for 5.65)

TQQQ

#ShortStrangles – Risk reduction…

Bought to Close TQQQ OCT 30 2020 120.0/170.0 Strangle 2×1 @ 4.29 (sold for 5.85)

SPY

STO December 18, 270 put at 2.92

FSLR Earnings

#ShortPuts #CoveredCalls – Up huge through the 90 calls on my short strangle. Bought stock pre-market and will manage as a covered call now. Should be bigly premium next few weeks.

Bought stock @ 93.50 (basis 92.0 and covered @ 90.0)

VXX Puts rolled very early

I’ve rolled my put position that is farthest in the money out a week, and down 2 whole points, to get it out of the money post-election.
Bought to close VXX Oct 30 2020 25 Puts Net Credit / Sold to Open VXX Nov 06 2020 23 Puts @ 0.07 Net Credit.

This was the short put that caused me to be so aggressive on the calls sales for this week. With this one rolled down I can quit worrying about carrying so may short calls as an offset.

#earnings MSFT #calendar Bought Oct….

#earnings MSFT #calendar

Bought Oct. 6/Nov. 30 217.50 calendar for 2.10

#tastytradefollow

MMM puts

Sold $MMM 12/18 150 puts @ 3.55. Willing to take assignment at a cost basis of 146.45, which is below the lows from August.

VXX Puts

Bought to close VXX 10/30/2020 21.00 Diagonal Puts @ 0.01. They won’t trade any lower.
Sold these on Friday @ 0.39 so only in them 2 days.
#DoubleDip trade against long puts in 2021

OSTK

#ShortCalls – Selling against Nov monthly short puts. Earnings Thursday before the open.

Sold OSTK OCT 30 2020 87.5 Calls @ 1.15

FSLR Earnings

#ShortStrangles #Earnings – Everything in all accounts decaying nicely (good) but I’m bored (bad) so here goes nothing just to do something.

Sold FSLR OCT 30 2020 75.0/90.0 Strangles @ 1.53

INTC

Buy/Write
Bought INTC / Sold INTC Nov 13 2020 46.5 Call @ $44.68 Net Debit
YTD low is 43.63, and the next XDiv date is 11/05

SPX trades

#SPX7dteLong Bought to Open $SPX Nov 2nd 3375/3395-3405/3425 iron condors for 17.50, with SPX at 3391.

#SPX1dte trade to come, I will comment below this post.

SPY early roll

Since I’ve got almost all my SPY short calls bunched into tomorrow’s expiration I’ve decided to roll the one with the lowest strike price UP and out 2 days to Friday.
Bought to close SPY Oct 28 2020 334 Call Net Credit / Sold to Open SPY Oct 30 2020 335 Call @ 0.12 Net Credit.

If all goes as planned most of my short positions will be gone tomorrow or at least be rolled significantly higher.

#callratiospread INTC Bought a Dec….

#callratiospread INTC

Bought a Dec. 18, call ratio spread, 42.50/42.50/short 45 for 5.59, don’t think I’ve done this type of trade before.
Thanks @optioniceman for the INTC awareness.
#tastytradefollow

SPX 1 DTE Expire

#spx1dte

$SPX 10/26 3350/3370/3550/3530 STO at .95