#ShortPuts – Late fill…
Bought to Close RH DEC 31 2020 405.0 Put @ .75 (sold for 7.75)
Daily Archives: Monday, December 21, 2020
NNDM BUCS / NVTA Covered Call / $SNOW put closed / VXX TSLA Put Roll / BIDU PENN Call Roll / FSLR Put
#bucs
$NNDM BTO 1/15/2021 7.5/10 BUCS at .90
#coveredcalls
$NVTA STO 1/15/2021 55 call at 1.85
$BIDU BTC 12/24 200 call and STO 1/8/2021 210 call at added credit of 1.20. Stock at 193.08.
$PENN BTC 12/31 80 call and STO 1/8/2021 91 call at debit of 5.10. Would gain $11 if called away. Stock at 92.72
#shortputs
$SNOW BTC 12/24 275 put at .20. STO at 2.50 Thank you @fuzzballl for rolling these downhill
$VXX BTC 12/24 21 put and STO 12/31 20.50 at even but lowered strike .50
$FSLR STO 12/24 92.50 put at 2.32
$TSLA BTC 12/31 450 put and STO 1/15/2021 450 put at added credit of 3.21 Thank you @fuzzballl
VXX small sales
Sold VXX Dec 24 2020 21.00 Calls at $0.21
Sold VXX Dec 24 2020 22.00 Calls at $0.15
Sold VXX Dec 24 2020 22.50 Calls at $0.12
VXX= 18.50
SPY new Diagonal
Bought to Open SPY Jan 25 2021 385.0 Call / Sold to Open SPY Dec 28 2020 370.0 Call @ 0.31 Credit.
I have a short SPY 371.0 call expiring today as well.
#fallingknife TNDM Have not traded…
#fallingknife
TNDM
Have not traded this in a while…
STO 15 Jan 21, 80 Put for 1.39
delta .20, IV is 54
SPX trades
#SPX7dteLong Bought to Open $SPX Dec 24th 3665/3685-3695/3715 iron condors for 16.25, with SPX at 3691.
I have the same strikes expiring t0day and I totally botched the exit. I didn’t think we would bounce this strongly, so I sold off the call side for 1.00, and then the put side dropped. My only hope is a significant pullback into the close.
I also failed to sell the long put side I bought for cheap for the #SPX1dte… think they got up to about 2.00, but was unfortunately not able to be at my computer at the crucial time… and again, thought we would go lower.
No big worries… this strategy still working strong in long term, despite hiccups in last couple of weeks.
FVRR, STO January 15 210…
FVRR, STO January 15 210 put at 11.70, Stock is at 221.80
LAZR RH TSLA
#ShortPuts – A few more…
Bought to Close LAZR JAN 15 2021 20.0 Put @ .40 (sold for 1.50)
Bought to Close LAZR JAN 15 2021 22.5 Puts @ .75 (sold for 1.70)
Bought to Close RH DEC 31 2020 402.5 Put @ .65 (sold for 4.50)
Bought to Close TSLA DEC 31 2020 450.0 Put @ 1.05 (sold for 6.80)
Sold TSLA JAN 15 2021 450.0 Put @ 4.50
SPY
Sold to Open 1 SPY Dec 23 2020 370.0 Call at $1.15.
This replaces an SPY short call that expired Friday.
I also have a short SPY 371.0 Call that I sold Friday at $1.03 about to go to a penny that is expiring today.
INTC Put Ladder
Starting with Diagonal Spreads. Would take the stock at the short strike and hold the protective put as cheap insurance.
(Also the spread requirements in a retirement account are much lower than straight short puts)
Bought to Open INTC Mar 19 2021 22.5 Puts/ Sold to Open INTC Dec 24 2020 43.5 Puts at $0.02 Credit.
Bought to Open INTC Mar 19 2021 27.5 Puts / Sold to Open INTC Dec 31 2020 43.5 Puts at $0.12 Credit.
INTC YTD Low = 43.61
TSLA
#ShortPuts – Volatility being sucked out today. Just another boring S&P stock now… 🙂 🙂
Bought to Close TSLA DEC 24 2020 475.0 Put @ .35 (sold for 4.20)
INTC – Married Put
BTO 1x INTC Jan 23, $42.5 long put @ $7.75
BTO 1x INTC stock @ $45.40
Strategy: wait until INTC reaches $50.00 and then start selling covered calls. Consider selling 0.5x short puts against the 1x long puts. Give INTC 3 months to reach that $50 target, if not sell stock and close out long put.
Using INTC as a test case before I start looking for bigger fish to fry. Learn to manage the discipline, the boredom, and the timing of selling premium against the core position.
Thanks @optioniceman for the alert.
VLDR
#ShortPuts – Taking it 3 weeks early…
Bought to Close VLDR JAN 15 2021 15.0 Puts @ .35 (sold for 1.50)
GILD INTC
Back down and testing their YTD lows
All my earlier short puts have expired
#FallingKnife
CRWD BTC January 15, 120…
CRWD BTC January 15, 120 put at .05, sold at 4.20
More VXX Calls
Bought to open VXX Jan 15 2021 40.0 Calls / Sold to Open VXX Dec 24 2020 20.0 Calls @ 0.07 Credit
Bought to open VXX Jan 15 2021 42.0 Calls / Sold to Open VXX Dec 24 2020 20.50 Calls @ 0.07 Credit.
Bought to open VXX Jan 15 2021 41.0 Calls / Sold to Open VXX Dec 24 2020 20.50 Calls @ 0.07 Credit.
I still have more short Puts to pair up against.
WFC Covered Ladder
Extended my Covered Call Ladder out 3 weeks with the expiration of the strike 30.0 Covered Calls on Friday.
Sold WFC 01/08/2021 30.50 Covered Calls @ 0.62
SQQQ Covered Call
Sold 1 SQQQ 12/24/2020 17.50 Covered Call @ 0.15.
WBA Covered Call
Sold to Open 1 WBA Jan 08 2021 42.0 Covered Call @ $1.15.
Replaces a covered Call that expired Friday
Upside Warning canceled
#VIXIndicator The Upside warning was canceled this morning, with the $VIX above 26.96. Could be a pause before it resumes, or we could be headed down. A Downside Warning would take effect with a VIX close above 26.96.
VXX Calls
Bought to open VXX Jan 15 2021 45.0 Calls / Sold to Open VXX Dec 24 2020 20.0 Calls @ 0.15 Credit
Bought to open VXX Jan 15 2021 44.0 Calls / Sold to Open VXX Dec 24 2020 20.0 Calls @ 0.13 Credit.
Paired off with short 20.0 Diagonal Put spreads already in the account.
RH BWB
Placed late Friday – back to the well (not sure how long the lifespan of this process is!).
BTO RH Jan 08, 465 / 455 / 435 Broken Wing Put Butterfly @ $3.04 credit
No risk to the upside (keep the credit) – downside breakeven $442.
Not sure this week will be as profitable as the last couple!
https://coveredcallswithjeff.wordpress.com/2020/12/21/ib-account-week-ending-12-18-20-new-high-new-position-on-bmy/
VIX
Going to be a fun day.
Glad to be coming into this week with no VXX short Calls
