#ShortPuts – Sold EWZ NOV 20 2020 25.5 Puts @ .60
Daily Archives: Tuesday, November 3, 2020
SPX 7-dte (-ish)
#SPX7dteLong This is only 3-dte, the shortest period for which I have bought one of these, but volatility has been strong and premium too high, so I’m going with a shorter time frame since market is pretty certain to move this week.
Bought to Open $SPX Nov 6th 3345/3365-3375/3395 iron condors for 18.35, with SPX at 3370.
TQQQ
BTC November 13, 170 call at .15, sold at 1.41, Reduced my risk since this was a naked call.
BIIB Diagonal Put
Bought to Open 1 BIIB Jan 15 2021 180 Put / Sold to Open 1 BIIB Nov 06 2020 220 Put @ $3.00 Net Credit.
Hoping the 3 year low holds for 3 more days . BIIB is at 246
BTW: The put premium for Friday was $6.70
TQQQ
BTC November 6, 105 puts at 1.30, sold at 1.70 just want to reduce risk this week.
VXX
Playing for an eventual VIX collapse back into the 20’s and a return of VXX Contango.
Bought to open VXX 06/18/2021 7.0 Puts / Sold to open VXX 11/06/2020 21.50 Puts @ 0.08 Credit.
Bought to open VXX 06/18/2021 8.0 Puts / Sold to open VXX 11/06/2020 21.50 Puts @ 0.03 Credit.
I don’t think I have to worry about this week but the short can be easily rolled down is VXX drops from 25 to 21.50 by Friday.
btw: my short VXX 33.00 diagonal calls for this week are still trading @ 0.51 with VXX at 24.60.
Insane premium.
But that is why I’m loading up on the put side.
SPY
Sold 1 SPY 11/04/2020 342.0 Diagonal Call @ 1.32.
Hedged with an existing long December 355 call. #DoubleDip
Easily rollable if I miscalculated tomorrow’s move.
SLB WBA WFC Covered Calls
Sold SLB 11/06/2020 17.50 Covered Calls @ 0.09
Sold WBA 11/06/2020 37.50 Covered Calls @ 0.23
Sold WBA 11/06/2020 38.00 Covered Calls @ 0.17
Sold WFC 11/06/2020 24.00Covered Calls @ 0.08
Liquor run for election night covered 🙂
SPY
#ShortPuts – My one higher risk election play for fun. Going out a little but selling aggressively inside the expected move.
Sold SPY NOV 20 2020 322.5 Put @ 6.10
Options Bistro 