OptionsExpiration

Expired:
KSS 10/02/2020 Diagonal 20.5 Calls
SLB 10/02/2020 17.0 Covered Calls
SLB 10/02/2020 17.5 Covered Calls
SPY 10/02/2020 335.0 Diagonal Calls
VIAC 10/02/2020 31/40 Bear Call Spreads
VXX 10/02/2020 26.0 Diagonal Calls
WBA 10/02/2020 37.5 Covered Call
WBA 10/02/2020 38.0 Diagonal Calls
WDC 10/02/2020 40.0 Covered Calls
WDC 10/02/2020 40.5 Diagonal Calls
WDC 10/02/2020 41.0 Diagonal Calls

VXX 10/02/2020 24.5 Diagonal Puts
VXX 10/02/2020 24.0 Diagonal Puts

Expired

#optionsexpiration
$PENN 67 put
$TSLA 385 put
$NVAX 125 calls
$BX 54 call
$PFE 37 call

SPY

Bought to close SPY Oct 02 2020 336 Calls at $0.01. (Tried to cancel the order but was too late)
Sold these at 4.52 last week.

Have a nice weekend everyone…..

Have a nice weekend everyone.. I am done for this week.

TQQQ, STO June 45 puts…

TQQQ, STO June 45 puts at 5.05

TRADES:

DKNG STO 10/9/20 59.0 PUTS @.98
DKNG STO 10/9/20 70.0 CALLS @1.10 Delta is 23
That is all I’m carrying over the weekend.

Good and safe weekend all. ;>)

SPY Rollup

Bought to Close SPY Oct 02 2020 334 Call / Sold to Open SPY Oct 07 2020 338 Call @ 0.82 Net Credit plus a 4 point higher strike for Next Wednesday.

The SPY high for the last 10 days has been 338.74.

NFLX

#ShortPuts -Going back in short term. Selling outside the expected move and below the 50 and 100 moving averages. Also 2 weeks before earnings…

Sold NFLX OCT 09 2020 475.0 Put @ 3.15

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 5th 3240/3260-3440/3460 iron condors for 1.45, IV 17%, SPX 3363, deltas -.06,+.06.

Expiring: Oct 2nd 3255/3275-3450/3470 condors, sold yesterday for 1.40.

VXX Call Roll

Bought to close VXX Oct 02 2020 25.5 Calls @ 0.09. Sold these last Friday at 0.32 and 0.41.
Replaced them with some VXX Oct 09 2020 31.0 Calls @ 0.12.
VXX is at 25.40. Not chancing a bounce in the last 20 minutes that could put them back in the money.

I’m pretty confident that my VXX 26.0 Calls will expire though.

NVAX Put

#shortputs
$NVAX BTC 10/2 105 put and STO 10/9 102 put at 3.85 credit

#bups

SPX 7-dte

#SPX7dteLong Sold to close $SPX Oct 2nd 3350/3370 call spreads for 10.55. Have been waiting for a pop even higher but losing steam. This is such a precarious exercise when the spread is expiring ATM with elevated volatility. You can have $2,000 swings all day for each spread.

Condors bought for 17.30 on Monday, sold today for a total of 17.05.

VXX

Sold another VXX 10/09/2020 25.0 Put at 0.71 – adding to my position
Also
Sold VXX 10/09/2020 24.0 Puts at 0.24 – also adding.

I have a huge bunch of 24.0 and 24.50 puts expiring in an hour.
VXX is at 25.35

NVDA, STO October 23, 440/450…

NVDA, STO October 23, 440/450 bull put spread at .91

TQQQ STO, March 55 puts…

TQQQ STO, March 55 puts at 5.15, someone is very bearish on tech stocks. These are small trades and I can sell more at better prices if we get bigger down draft.

TQQQ

STO December 75 puts at 5.00

TQQQ

STO January 65 puts at 4.70

Econ Calendar for week of 10/5/20

Screen Shot 2020-10-02 at 10.27.41 AM
Screen Shot 2020-10-02 at 10.27.41 AM

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

TDOC Put Closed / OSTK Put / PENN DKNG NUGT Call Rolled

#shortputs
$TDOC BTC 10/9 180 put at .15. STO at 2.70.
$OSTK STO 10/9 70 put at 1.80
$NVDA STO 10/9 480 put at 3.60. Thank you @fuzzballl for the hat trick.

#coveredcalls
$PENN BTC 10/2 65 call and STO 10/16 70 call at 1.40 debit but would gain $5 if called away. Stock at 73.80.
$DKNG BTC 10/16 60 call and STO 10/30 63 call at .40 additional credit and would gain $3 if called away. Stock at 62.98.
$NUGT BTC 10/2 90 call and STO 10/9 90 call at 1.70 credit. Stock at 83.95.

GILD, T and XOM Puts

Sold 1 GILD 11/06/2020 60.00 Put @ 1.41
Sold 1 T 12/18/2020 26.00 Put @ 0.64
Sold 1 XOM 11/20/2020 30.00 Put @ 1.22
All strikes are below the panic lows in March/April.
#FallingKnife stocks.
#AccidentalHighYield

ADS Covered Calls

Sold ADS Oct 09 2020 49 Covered Calls at $0.45.

#Earnings not until 10/22

KSS

Sold KSS Oct 09 2020 21 Diagonal Calls at $0.16 for next week.
Waiting on 20 & 20.50 calls to expire today.

VXX Calls & Puts

added some for next week:
Sold VXX Oct 09 2020 30 Call at $0.42
Sold VXX Oct 09 2020 29.5 Call at $0.46
Sold VXX Oct 09 2020 29 Call at $0.55

Sold VXX Oct 09 2020 24.5 Puts at $0.44
Sold VXX Oct 09 2020 24.0 Puts at $0.26

All these are hedged with VXX Nov/Dec long positions for the Calls and 2021/2022 long positions for the puts

SPY Rollups

The first of many potential rolls for today’s expiration
Bought to Close SPY Oct 02 2020 330 Call / Sold to Open SPY Oct 05 2020 331 Call @ 0.42 Net Credit plus a one point higher strike for Monday.
Bought to Close SPY Oct 02 2020 331 Call / Sold to Open SPY Oct 05 2020 332 Call @ 0.43 Net Credit plus a one point higher strike.
Bought to Close SPY Oct 02 2020 333 Calls / Sold to Open SPY Oct 05 2020 335 Calls @ 0.19 Net Credit plus two points higher (and currently out of the money for the moment).

Still have 334, 335 and 336 Call to deal with by the close.

NVDA

#ShortPuts – Missed the bottom but still nice premium in these. Selling outside the expected move and below the 50ma and well before earnings…

Sold NVDA OCT 16 2020 480.0 Put @ 3.50

VXX Strangle

Sold 1 VXX 10/09/2020 28.50 Call @ 0.68 & 1 VXX 10/09/2020 25.0 Put at 0.66 for a net credit of 1.34.

SPX 7dte

#SPX7dteLong The trade is currently in the dead zone so trying to leg out for profit. Looking for a drift higher into the day, but no idea whether we’ll get it.

Sold to close $SPX Oct 2nd 3340/3320 put spreads for 6.50. Waiting to sell 3350/3370 call spreads.
Condors bought for 17.30 on Monday.

OSTK

#ShortPuts #CoveredCalls – Assigned stock at 85 and have reduced basis to 65.80 so letting it get called away at 70 if the market holds today. Replacing with these…

Sold OSTK OCT 9 2020 70.0 Puts @ 1.60

TSLA

#ShortPuts – Sold TSLA OCT 09 2020 375.0 Put @ 3.05

TQQQ Nov

Sold $TQQQ 11/16 85 puts @ 4.50

September Jobs Report

#Jobs — below expectations

Gain of +661,000 non-farm payroll jobs, vs. expected 800K gain
Unemployment at 7.9%, down by 0.5%, vs. expected 8.2%
U6 unemployment at 12.8%, down by 1.4%
Labor force participation 61.4%, down by 0.3
Average hourly earnings up 0.1%, less than .04 increase in August

August jobs revised up by +118K to +1.49M
July jobs revised up by +27K to +1.76M