NVTA Calls Rolled / T PENN MRVL Puts / NFLX BUPS Closed

#coveredcalls
$NVTA BTC 10/16 and STO 11/20 40 calls at added 2.60 credit

#shortputs
$T STO 10/9/2020 28.50 put at .70
$PENN STO 10/9/2020 72 put at 2.60
$MRVL BTC 10/2/2020 40 put at .35. STO at 1.95

#bups
$NFLX BTC 10/16 455/465 BUPS at 1.29. STO at 3.45. Thank you @ramie77. No, I don’t know why I closed it.

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 2nd 3255/3275-3450/3470 iron condors for 1.40, IV 23.8%, SPX 3373, deltas -.06,+.06.

Pretty wide condor given higher volatility and premium with Jobs report in the morning.

TSLA

#ShortPuts – Got half my roll up credit from this morning. Delivery numbers tomorrow so hoping for a sell the news to re-enter…

Bought to Close TSLA OCT 02 2020 410.0 Put @ .55 (sold for 3.15)

NFLX

#ShortPuts – Big rally so putting this one in the books and leaving the repair trade from previous post running…

Bought to Close NFLX OCT 16 2020 460.0 Put @ 2.21 (sold for 8.05)

NFLX

#ShortPuts #ShortCalls #RepairTrade – Can’t believe I’m having to do the same repair trade I did a couple weeks ago. What seemed like a safe call on a short strangle is getting hit again. Swapping it for a 2×1 short strangle for next week.

Bought to Close NFLX OCT 2 2020 520.0 Call @ 7.15 (sold for 1.45)
Sold NFLX OCT 9 2020 492.5 Put / 570.0 Call (2×1) @ 8.80

The 2×1 now has 3.10 of profit in it after the short call loss. New short put strike at the expected move and under the 50ma. Short call is almost 2x the expected move.

Still holding Oct 16th 460 strike short put @ 8.05

Earnings is Oct 20th which is after all this so plenty of IV out there for future adjustments…

OSTK

#ShortPuts – Bought to Close OSTK OCT 2 2020 67.5 Put @ .05 (sold for 2.20)

SPX 7-dte

#SPX7dtelong Bought to open $SPX Oct 7th 3355/3375-3385/3405 iron condors for 17.55, with SPX at 3380.

KSS Calls

Sold to open KSS Oct 02 2020 20 Covered Calls @ $0.17
Sold to open KSS Oct 02 2020 20.5 Diagonal Calls @ $0.07.
The stock is up a point today partly due to the surprise move in BBBY after a blowout earnings report.

I’ll roll these tomorrow if necessary.

WBA Put

Bought to close 1 WBA 10/02/2020 36.0 Put @ 0.28.
Sold this on 09/09/2020 @ 1.33.

Still short a WBA 10/16/2020 35.0 Put that was also sold on 09/09 @ 1.39

VXX Calls

New Diagonals leading up to the election date
Bought to Open VXX Nov 06 2020 50 Call / Sold to Open VXX Oct 09 2020 27.5 Call @ 0.03 Net Credit.
Bought to Open VXX Oct 30 2020 39 Call / Sold to Open VXX Oct 09 2020 27.0 Call @ 0.03 Net Credit.

Also started new positions for next week:
Sold to open VXX Oct 09 2020 29 Call at $0.32
Sold to open VXX Oct 09 2020 28.5 Calls at $0.36

Sold these against existing Nov and Dec long Calls.

The VIX is making a bit of a run today in the face of an up market.
With these trades I’ve balanced out all my short calls and short puts.
All the positions are now “Short Calendar Iron Condor Spreads” according the Fidelity’s site until tomorrow’s expiration.

SNOW

#ShortPuts – First time in this one. Going short term at near the all time low. Selling the expected move since the stock is already down 8 today.

Sold SNOW OCT 09 2020 220.0 Put @ 2.25

VXX Puts

Bought to close VXX 10/02/2020 23.50 Puts @ 0.01.
They won’t trade any lower.

TDOC

#ShortPuts – Looking at week prior to earnings for any new sales now. Selling outside the expected move and below 20,50, and 100 day moving averages and week prior to earnings.

Sold TDOC OCT 23 2020 187.5 Put @ 2.50

TSLA

#ShortPuts -Rolling up slightly for additional credit.

Rolled TSLA OCT 02 2020 385.0 Put to OCT 02 2020 410.0 Put @ 1.10 credit (3.15 total now)

XOM

Dividend yield now 10.5 %.
I’m guessing a cut is in the future.
The question is, how far might it drop?

PTON

Rolled $PTON Oct-09-2020 100 #CoveredCalls // Oct-16-2020 103 @0.10 debit

(edited to fix the weeks)