NFLX Iron Cockroach

NFLX @ $513.

STO NFLX Dec 18, 515 / 520 Call credit spread + 510 / 500 Put credit spread @$6.31 credit for the combo.

Downside max loss $3.69 ($10 spread width – $6.31 credit received). Downside breakeven NFLX @ $503.

#IronCockroach 

CHWY Earnings

#ShortPuts #Earnings – Going out a week and selling the expected move and just above the 50ma. Small position..

Sold CHWY DEC 18 2020 68.0 Puts @ .93

SPX7dte

#SPX7dteLong Bought to Open $SPX Dec 14th 3680/3700-3710/3730 iron condors for 15.40, with SPX at 3702.

#spx1dte

TSLA

#jadelizard

Rolled Jan15 400 Put up to Jan 15 450 Put for $5.00 credit

Total credit now @ 15.30
New b/e @ 434.70.

Orig trade Jan 15 750/760/400 @10.30 b/e @ 389.70

CHWY #earnings I’m bullish, there’s…

CHWY #earnings

I’m bullish, there’s big call skew in this ticker. I’ve been having good success orienting unbalanced flies to take advantage of the skew. Market Mindset on TT has been talking about this a lot too, with their “broken heart” trade. Admittedly I usually position earnings for way more downside room, so we’ll see how this goes.
So here’s my executed trade for earnings:

Dec 11
Skew Fly (with net 4.42 volatility edge, found via vol sum):
Bought qty 2 78 call
Sold Qty 3 85 call
Bought qty 1 95 call
Net Debit 2.99
For finance:
Sold qty 2 72 put @ 1.40
No upside risk, downside risk is assignment of 200 shares

chwy

Closing DOCU

Bought to close $DOCU 12/18 260/270 bear call spread @ .55. Sold for 1.90 on 12/4.

NEO Put

#shortputs

$NEO STO 1/15/2021 45 put at 1.40

TLRY Strangle / TDOC Put Rolled

#shortstrangles

$TLRY STO 12/11 8/9 strangle at .50

#shortputs

$TDOC BTC 12/24 170 and STO 12/24 177.50 for added credit of 2.10. Thank you @fuzzballl

COUP

#ShortPuts – Going pretty aggressive. Premium looks nice enough for an easy roll or good covered call if needed. Selling at the expected move and in between the 50 and 200 moving averages.

Sold COUP DEC 31 2020 280.0 Put @ 5.30

LAZR

#ShortPuts – Starting with half size hoping to add lower…

Sold LAZR JAN 15 2021 20.0 Puts @ 1.53

EDIT: Starting to get some decent volume. Give us weeklies! 🙂 🙂

TSLA

#ShortPuts – Booking and adding…

Bought to Close TSLA DEC 11 2020 475.0 Put @ .25 (sold for 5.55)

Sold TSLA DEC 31 2020 450.0 Put @ 6.80

NFLX

#ShortPuts – Taking it early…

Bought to Close NFLX DEC 31 2020 425.0 Put @ 1.00 (sold for 4.20)

SNOW

#JadeLizards – No idea why this thing is going vertical. Closing call side of Jade Lizard to preserve a couple dollars of gains. Leaving 330 strike put side alone for now.

Bought to Close SNOW DEC 11 2020 400.0/405.0 Bear Call Spread @ 2.95 (Lizard sold for 6.00)

COUP,

STO January 15, 240 put at 2.65 with stock trading at 307 after earnings.

SPY

Rolling my long up and out
Sold to Close SPY Dec 18 2020 355 Calls / Bought to Open SPY Jan 15 2021 370 Calls @ $7.43 Credit.
Taking a large gain on the December long position and getting extra cash while maintaining my hedge on near term shorts.

#earningsSFIX BTC 11 Dec Bups…

#earningsSFIX
BTC 11 Dec Bups 32/34 for .02
Was STO on 4 Dec for .64

SFIX up 44% this morning.

Shoulda, woulda, coulda bought the calls!!!

WFC Call ladder rollup

Bought to Close WFC Dec 11 2020 28 Calls / Sold to Open WFC Dec 31 2020 29 Calls at $0.14 Credit.
Did this a bit early in the week because of the sharp opening down.

X

Take a look at X. It’s been on a massive rally recently. But I haven’t paid attention to the chart until now. The move is too vertical as of late. IV is 79 although IVR is only 21. For example, the 20 delta Jan 15/23 mid is 1.04 with only $178 BPR for us TastyWorks acolytes. X is up another .80 pre-market, so 20 delta strikes may be different.