Upside Warning in effect

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.

NFLX FTCH Put Closed / BABA BECS Closed

#shortputs

$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.

#becs

$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.

#UnbalancedCondor

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

#sleepatnight

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%