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.
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.
#SPX1dte Sold to Open $SPX Nov 18th 3520/3540-3660/3680 iron condors for 1.30, SPX 3609, IV 15.75%, deltas -.07,+.06
#SPX7dteLong Bought to Open $SPX Nov 23rd 3595/3615-3625/3645 iron condors for 16.35, with SPX at 3620.
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.
Sold Dec. 18, 170 put for 1.61. PYPL hasn’t been below 170 since mid July.
#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)
STO December 18, 100 puts at 1.15 with stock down to 117 today.
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.
Rolled Nov. 20, 70 put to Dec. 18 for 2.15, stock is at 68.
Walgreens is down a big chunck today, apparently after an Amazon announcement.
Bought 100 shares, sold Nov. 27, 13 call for 12.08.
#ShortPuts – Sold TSLA DEC 04 2020 400.0 Put @ 5.80
Still holding Dec 11 325.0 strike…
Amazon to sell RX Drugs.
WBA down 10%