AAL ADS KSS WFC

Covered Calls for next week:
Sold AAL Oct 16 2020 14.5 Covered Calls at $0.28
Sold ADS Oct 16 2020 50.5 Covered Calls at $0.60
Sold KSS Oct 16 2020 23.0 Covered Calls at $0.31
Sold WFC Oct 16 2020 26.5 Covered Calls at $0.26 (#Earnings)

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 9th 3355/3375-3495/3515 iron condors for 1.00, SPX 3445, IV 15.13%, deltas -.06,+.06

TRADES:

THC STO 10/16/20 27.0 PUTS @.52
THC STO 10/16/20 29.5 CALLS @.45 #Short Strangle

SPY – rolling out my long call

Quite a while ago I rolled up an earlier long call to a 10/16/2020 336.0 Call @ 9.03.

I’ve written against this long several times, some trades better than others.

Since this call is closing in on expiration, and many of my short calls are at or above this strike price, I’m rolling the long out to December for a credit and much more time.

Sold to close the 10/16/2020 Call @ 8.97 for a very minor loss.
Bought to open a 12/18/2020 355.0 Call @ 8.70 for 0.27 Net credit on the trade.

We will see if we get a further rally above 343.50 in the next 6 days to make my timing wrong on this.

VXX New Diagonal Puts for next week

Starting long positions in a new month
Bought to Open VXX Mar 19 2021 14.0 Puts / Sold to Open VXX Oct 16 2020 23.5 Puts @ 0.07 Net Credit with VXX at 23.75 (close to the low for the last month).

Many opportunities for #DoubleDip trades.

Also:
Bought to Open VXX Jan 15 2021 15.0 Puts / Sold to Open VXX Oct 16 2020 23.0 Puts @ 0.07 Net Credit
Bought to Open VXX Jan 15 2021 14.0 Puts / Sold to Open VXX Oct 16 2020 22.50 Puts @ 0.04 Net Credit

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Oct 14th 3415/3435-3445/3465 iron condors for 16.50, with SPX 3440.

A TRADE:

HWM STO 10/16/20 19.0 ITM PUTS @.85

TSM BWB

BTO TSM Nov 20, 95 / 90 / 80 Broken Wing Put Butterfly @ $1.09 credit

#BWB 

ROKU BWB adjustments

Original trade: BTO Oct 16, 175 / 185 / 200 Broken Wing Call Butterfly for $0.07 debit.

Adjustment 1: Rolled the short Oct 16 185 / 200 leg to the Oct 23, 200 /215 short call spread. With ROKU on a charge need to go to the next adjustment.

Adjustment 2: Rolled the short Oct 23, 200 /215 short call spread to Nov 20, 215 / 230.

Adjustment 3: STC Oct 16, 175 /185 long call spread @ $9.83 (not sticking around for those remaining $0.17).

With ROKU still moving on up need to go to the next adjustment.

Adjustment 4: Roll the short Nov 20, 215 / 230 to Jan 21, 245 / 260 @ $2.00

So banked $9.83 from the sale of the long call spread of the BWB, and paid $2.00 (plus the original roll cost) to roll out the short leg to Jan 21. All in the name of providing a cover to the core trade which is the Jan 22, 140 / 190.

Big question is when to offset the short call spread with the short put spread? Pulling the trigger on that side of the strategy normally causes the trading gods to engineer a rapid downward move.

#BWB 

EWZ

#ShortPuts – Sold EWZ Oct 30 2020 27.0 Puts @ .62

SPY New diagonal

Spanning the election mess
Bought to open 1 SPY Nov 27 2020 360.0 Call / Sold 1 SPY Oct 26 2020 346.0 Call @ 0.07 Credit.
Giving at least one of my spreads room to run on an upside move.

NFLX

#ShortPuts – Week before earnings…

Sold NFLX OCT 16 2020 490.0 Put @ 2.35

OSTK

#ShortPuts – Out with the old and in with the new…

Bought to Close OSTK OCT 9 2020 70.0 Puts @ .05 (sold for 1.60)

Sold OSTK OCT 23 2020 70.0 Put @ 2.20
Sold OSTK OCT 23 2020 67.5 Put @ 1.60

Wild ride….every day! Volatility = great premiums!

https://coveredcallswithjeff.wordpress.com/2020/10/08/crazy-market-somehow-generating-great-roi/

#coveredcalls