Happy Healthy Thanksgiving To All

Especially to @jeffcp66 for all his inspiring trades and site wallpaper. And do not forget the podcasts.

Thanks to all for your wisdom and your sharing.

Stay well.

NIO Covered Strangle / TSLA Call Roll / TSLA Call / Electrifying

#shortstrangles
$NIO STO 11/27 51/55 covered strangle at 2.90

#syntheticcoveredcalls
$TSLA BTC 12/4 525 call and STO 12/11 540 call at added $2 credit. Sold against 12/18 long 450 call.

#coveredcalls
$TSLA STO 11/27 525 call at 12.79

MRO Covered Calls

Sold MRO Dec 18 2020 7.0 Covered Calls @ 0.11

LABU

STO March 40 puts at 2.30

#shortputs UAL

#shortputs UAL #closing CHGG
CHGG Oct. 26, sold a Nov. 20, 70 put for 1.60 at the exact wrong time, post earnings. Nov. 17 rolled to Dec. for 2.22. Closed today for 2.75.
UAL Sold Dec. 18, 38 put for 1.30

VXX Contango Special

Bought to Open VXX Jun 18 2021 9 Puts / Sold to Open VXX Dec 04 2020 17.5 Puts at $0.06 Credit.
Long side = 207 DTE
Short side = 11 DTE

#shortputs CVS #coveredcalls GPS CVS…

#shortputs CVS #coveredcalls GPS

CVS Sold Dec. 18, 65 put for 1.02
GPS sold Nov. 27, 28 call for .52 GPS has earnings Tuesday.

TSLA Iron Condor

TSLA almost a #jadelizard @smasty160 follow:
Sold Jan 300 / 380 – 740 / 750 Iron Condor @ $6.92 credit.
The long $300 put is for bankruptcy protection.

NVDA BWB

NVDA currently trading @ $526.50

BTO NVDA Dec 11, 530 / 520 / 500 Broken Wing Put Butterfly @ $2.67 credit

No risk to the upside (keep the credit) – downside breakeven $507.

If NVDA starts moving down towards the lower long strike will add a half cover of long Dec 11 / Dec 18, $495 put Calendars. They are currently selling at $3.00. Could add them now and take off later – they have a wide profit window from $470 to $520 and should hold their value rather well during the early days of the trade. The calendars reduce delta and the negative vega allowing me to stay in the trade longer if required.

#BWB 

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Nov 27th 3540/3560-3570/3590 iron condors for 16.00, with SPX at 3568.

TQQQ

#ShortPuts – Thanks @jsd501 I didn’t see the little drop there. Adding to the ladder.

Sold TQQQ JAN 15 2021 90.0 Put @ 2.65

TQQQ

STO December 24, 105 puts at 2.30, scaling in small trades.

COST – Unbalanced Condor

COST @ $382

BTO 1 x COST Nov 20: $385 /$380 long PUT Vertical @ $ 2.77 debit
STO 2 x COST Nov 20: $375 / $370 short PUT Vertical @ $1.62 credit (x 2)

Total credit of $0.51 for the unbalanced Condor. Downside breakeven is around $372. No risk to the upside. Almost a carbon copy of a recent November trade, but this time for a credit and a wide profit zone.

#UnbalancedCondor 

BIIB

#CoveredCalls – Replacing this week’s a little early..

Sold BIIB DEC 18 2020 265.0 Call @ 5.70

EDIT: On second thought I don’t trust this thing to the upside with the rumors that must be floating around. No extra call sales on this one.

Bought to Close BIIB NOV 27 2020 260.0 Call @ .24 (sold for 2.35)

RH BWB

RH currently trading @ $442

BTO RH Dec 18, 460 / 440 / 410 Broken Wing Put Butterfly @ $2.25 credit

No risk to the upside (keep the credit) – downside breakeven $415.

Going back to the well on this one (mea culpa) – but RH never goes down for long!

#BWB 

AAL Covered Call

Sold 1 AAL Dec 18 2020 17.0 Call @ 0.17.
Bought the stock back on 3/17 @ 17.01 and I’ve been writing against it ever since.

NFLX

#ShortPuts – Stay at home stocks selling off a little again today. How low can they go? Once again selling outside the expected move and well below the 200ma. Also about 3 weeks prior to earnings so very rollable if needed…

Sold NFLX DEC 31 2020 425.0 Put @ 4.20

TSLA #jadelizard My Dec TSLA…

TSLA #jadelizard
My Dec TSLA Jade came off this morning for 50% profit, here’s a Jan reset:
$380 put (sell)/$740 call (sell)/$750 call (buy) $9.80 credit. $9.80 cr on a $10-wide call spread leaves $20 net risk to upside. BE delta is 9 on the downside. Basically risk free to upside.
Happy Thanksgiving!
Sue

PFE Call Was Exercised

#coveredcalls

$PFE 11/20 39 call
Stock closed at adjusted price of 38.88. Call holder
exercised at 39. Stock called away. Previously reported as expired. Ooops!

TDOC

#ShortPuts – Selling at the expected move, near recent lows and below the 200ma…

Sold TDOC DEC 24 2020 170.0 Put @ 2.96

WBA

Early roll to get the strike where I want it.
Bought to close WBA Nov 27 2020 38.5 Calls / Sold to Open WBA Dec 04 2020 40 Calls at $0.02 Credit.
Did a lateral roll out 2 weeks just before the Ex-Div date and before the Amazon announcement that tanked the stock.
I think the stock recovers by year end barring a sharp market selloff

IIPR

R
BTC December 18, 100 puts at .05, sold at 2.20