Look out above… The $VIX low closes have fired an Upside Warning on the #VIXIndicator. Expect continued higher levels on $SPX in the coming days or weeks.
Daily Archives: Tuesday, November 17, 2020
NFLX FTCH Put Closed / BABA BECS Closed
$NFLX BTC 11/20 450 put at .40. STO at 3.40. Thank you @fuzzballl
$FTCH BTC 11/20 38 put at .08. STO at 2.00.
$BABA BTC 11/20 330/320 at .20. STO at 2.50
COST – Unbalanced Condor (closeout)
Original trade for a $0.01 debit:
BTO 1 x COST Nov 20: $385 /$380 long PUT Vertical @ $ 2.45 debit
STO 2 x COST Nov 20: $375 / $370 short PUT Vertical @ $1.22 credit (x 2)
Closed out both verticals for a credit of $1.50.
Happy to avoid the gamma mashup for the rest of the week.
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 18th 3520/3540-3660/3680 iron condors for 1.30, SPX 3609, IV 15.75%, deltas -.07,+.06
TGT earnings
Sold $TGT 12/4 155/177.50 strangle @ 4.11.
#Earnings #TastyTradeFollow
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Nov 23rd 3595/3615-3625/3645 iron condors for 16.35, with SPX at 3620.
COST
COST announced today that its Board of Directors has declared a special cash dividend on Costco common stock of $10 per share, payable December 11, 2020, to shareholders of record as of the close of business on December 2, 2020.
#shortputs PYPL Sold Dec. 18,…
#shortputs PYPL
Sold Dec. 18, 170 put for 1.61. PYPL hasn’t been below 170 since mid July.
OSTK
#ShortCalls – Catching a bid for some reason. I had double sold these against some short puts so taking them off for the gain…
Bought to Close OSTK NOV 20 2020 62.0 Calls @ .35 (sold for 1.00)
EXAS
STO December 18, 100 puts at 1.15 with stock down to 117 today.
ABBV – Oven Baked Election Proof – update
Original setup:
On 09/09/2020: BTO ABBV stock @ $92.19
STO ABBV Nov: 90 call @ $5.25
BTO ABBV Jun 2022: 120 put : @ $38.42
ABBV pays a $4.72 per share dividend (5.1% yield).
Update: 11/17/2020: Stock is @ $99.70. A couple of short call rolls to the March 100 calls @ $5.62. (for essentially a scratch).
The stock is up $7.40 and the protective puts are down $7.00.
Payday comes when the short calls expire worthless (one day).
The setup is doing what it should do.
#rolling CHGG Rolled Nov. 20,…
#rolling CHGG
Rolled Nov. 20, 70 put to Dec. 18 for 2.15, stock is at 68.
WBA
Walgreens is down a big chunck today, apparently after an Amazon announcement.
#coveredcalls AAL Bought 100 shares,…
#coveredcalls AAL
Bought 100 shares, sold Nov. 27, 13 call for 12.08.
TSLA
#ShortPuts – Sold TSLA DEC 04 2020 400.0 Put @ 5.80
Still holding Dec 11 325.0 strike…
AMZN WBA
Amazon to sell RX Drugs.
WBA down 10%
