#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.
Monthly Archives: October 2020
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
$NIO BTC 10/23 27 put at .50 STO 10/15 at 1.58
PENN MGM VXX MRVL Puts Rolled / NIO Strangle
$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
$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
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
#SPX7dteLong 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/
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
$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
$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
$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
$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.
WBA
Highest price in a month (38.22) on the back of the #Earnings report
WKHS NVDA NFLX Put Closed / NFLX BUPS
#shortputs
$WKHS BTC 10/16 22 put at .30. STO at 3
$NVDA BTC 10/16 520 put at .20. STO at 2.89
$NFLX BTC 10/16 22 put at .10. STO at 3.75 Thank you @fuzzballl for the latter two.
$NFLX STO 10/23 520/530 BUPS at 4.28. Earnings are 10/20. Plan to be out next week if things go well – this week if things go to hell. 😉
NVDA
#ShortPuts – Give Mr. Market another chance here…
Sold NVDA OCT 23 2020 530.0 Put @ 3.40
NVDA
#ShortPuts – Looking for a new entry now…
Bought to Close NVDA OCT 16 2020 525.0 Put @ .31 (sold for 6.65)
OKTA, BTC October 16, 220…
OKTA, BTC October 16, 220 put at .10, sold at 2.50
NFLX
#ShortPuts – Clearing out another one…
Bought to Close NFLX OCT 16 2020 490.0 Put @ .12 (sold for 2.35)
SPY
Finally a rollup
Bought to Close SPY Oct 14 2020 340 Calls / Sold to Open SPY Oct 19 2020 341 Calls @ 0.09 Net Credit
VXX
Sold to Open VXX OCT 16 2020 24.0 Diagonal Calls @ 0.13.
Starting small but I have a bunch of short puts as a hedge
AAL
Bought to Close AAL Oct 16 2020 14.5 Calls at $0.01.
It won’t trade any lower
WBA
#Earning play
Sold WBA Oct 16 2020 33.5 Puts Limit at $0.32.
High for the day for the option so far is 0.34.
Stock range so far: 35.74 – 36.80
WBA 52Week Range 33.88 – 64.50
Dividend % 5.17%
NVDA
#ShortPuts – Stock down so rolling up to the 50ma for additional credit. Still outside the expected move and before earnings…
Rolled NVDA OCT 30 2020 485.0 Put to OCT 30 2020 510.0 Put @ 1.65 credit (4.95 total now)
TDOC
#ShortPuts – Jumping back in selling the 50ma for next week and prior to earnings…
Sold TDOC OCT 23 2020 212.5 Put @ 2.18
NFLX OSTK
#ShortPuts #ShortStrangles – A couple this morning…
Bought to Close NFLX OCT 16 2020 480.0 Put @ .10 (sold for 3.20)
Sold OSTK OCT 30 2020 70.0/115.0 Strangles @ 3.30
SPXL
Roll Oct-16-2020 SPXL 58 #CC’s // Nov-19-2020 60 @2.20 Credit. Basis now $30.52. Shares BTO 5/11/2020@36.77
SPX 7dte
#SPX7dteLong Bought to Open $SPX Oct 19th 3500/3520-3530/3550 iron condors for 16.25, with SPX at 3523.
Forgot to put this on yesterday.
IB Account Covered Call Positions and status
Sharing current covered call positions in IB account along with graphs showing the progression of the return on each position. Left money on the table as stock prices have run past our strike prices on almost every position.
https://coveredcallswithjeff.wordpress.com/2020/10/14/ib-account-holdings-and-update-23742-or-7-5-in-last-30-days/
MRVL Strangle / NUGT Call Rolled
#shortstrangles
$MRVL STO 10/16 43.5/45 strangle at .75
#coveredcalls
$NUGT BTC 10/16 93 call and STO 1023 95 call at 1.20 added credit.
SPX trades
#SPX1dte Sold to Open right before closing bell: $SPX Oct 14th 3430/3450-3570/3590 iron condors for 1.10, SPX at 3514, deltas -.07, +.05, IV 15.45%
#SPX7dteLong Filled yesterday, 14 minutes after closing bell (I hadn’t noticed then): Sold to close $SPX Oct 14th 3445/3465 call spreads for 19.00. Condors bought for 16.50 last Thursday. Holding put side as hedge for tomorrow.
AAPL
#ShortPuts – Trying for a quickie the week before earnings and below the 50ma…
Sold AAPL OCT 23 2020 115.0 Put @ 1.30
TQQQ, In my IRA
STO October 30, 130 puts at 3.80
STO October 30, 125 puts at 3.00
PENN PUTS Rolled / NVAX Call
#shortputs
$PENN BTC 10/16 72 put and STO 10/23 72 put at added credit of 1.05
#coveredcalls
$NVAX STO 10/16 128 call at 1.80
Options Bistro 