Happy Holidays to All the Bistro Members
Monthly Archives: December 2020
GILD Ladder Rolldown
Bought to close GILD 12/24/2020 57.00 Put @ 0.02
Sold to Open GILD 01/08/2021 56.00 Put @ 0.66.
MRO
Missed this fill from yesterday
Sold MRO 01/08/2021 7.50 Covered Calls @ 0.14
SPY – New Diagonal
Replacing the short positions that expired yesterday
Bought to Open SPY Jan 29 2021 385 Call / Sold to Open SPY Dec 28 2020 368 Call at $0.12 Credit.
SPX trades
#SPX1dte Sold to Open $SPX Dec 28th 3595/3615-3745/3765 iron condors for 1.00, SPX at 3696, IV 9.2%, deltas -.06,+.06
#SPX7dte. Forced to take a break here with too many losses eating in to what had been a 45% annualized strategy. I did not buy one for next Thursday.
Today’s flirting with expiring in dead zone. Looks like I will get some on call side.
TQQQ PUT Closed
#shortputs
$TQQQ BTC 1/15 90 put at.30. STO at 2.50. Thank you @jsd501
TQQQ,
In my IRA, BTC December 24,155 puts at .01, SOLD at 17.50 and,
In the trading account, BTC 153 puts at .02, Sold at 1.02
That is it for this week. Have a nice holiday to everyone.
BABA
BABA is down today 15% on the news.
TQQQ Roll
Closed the Put side of my strangle and rolled down.
Bought to Close TQQQ Dec 24 2020 155 Puts at $0.01. They won’t trade any lower.
Sold these at a average price of $1.04.
Part of my #BoredToDeathTrade from last Thursday and Friday.
Sold to Open TQQQ Dec 31 2020 150 Puts at $0.54.
SPY Roll
Bought to close 1 SPY Dec 24 2020 367 Call at $0.95 – Sold on 12/22 @ $2.04
In it’s place Sold to Open 1 SPY Dec 30 2020 369 Call at $1.72 for a Net Credit of $0.77 and a 2 point higher short strike.
Merry Christmas
All the best to the best premium selling site around.
@jeffcp66 you are awesome and your members are terrific.
Wanted to get this out early before the snowflakes from the site cover my keyboard.
LAZR
#ShortPuts – Just to get a weekly in. Let’s call it a #TakeOneForTheTeam type of trade. LOL
Sold LAZR JAN 8 2021 28.5 Puts @ 1.80
VLDR
#ShortPuts – Back in this one.
Sold VLDR JAN 15 2021 20.0 Puts @ 1.00
Sidenote: LAZR has weeklies now which is nice. 🙂 🙂
TWTR BuCS
BTO 15 Jan 21, 53/57.5 call spread for 2.05
And a MERRY CHRISTMAS to the Bistro!
TQQQ, BTC December 24, 135…
TQQQ, BTC December 24, 135 put at .01, sold at 2.60
ZM
FYI
ZM dropped about 6% today.
Possible reason is that one of the ZM employees got charged by US government for sharing private data with the Chinese government.
We received a notice at work from one of our suppliers about data security issue.
AMZN BUPS / NNDM Put
#bups
$AMZN STO 1/15/2021 3090/3100 BUPS at 3.16
#shortputs
$NNDM STO 1/15/2021 7.50 put at .52
Options Expiration
1 SPY 12/23/2020 370.0 Diagonal Call – Sold @ 1.15
1 SPY 12/23/2020 372.0/385.0 Bear Call Spread – Sold for a net Credit of 1.07
TQQQ
#ShortPuts – Got about 70 percent of max so taking them here…
Bought to Close TQQQ JAN 8 2021 115.0 Put @ .46 (sold for 2.25)
Bought to Close TQQQ JAN 15 2021 105.0 Put @ .57 (sold for 2.00)
Bought to Close TQQQ JAN 15 2021 110.0 Put @ .73 (sold for 2.45)
Bought to Close TQQQ JAN 22 2021 100.0 Put @ .88 (sold for 2.30)
Bought to Close TQQQ JAN 22 2021 105.0 Put @ 1.00 (sold for 2.45)
SPX 1 dte
#SPX1dte Skipping a trade for tomorrow’s half day, since premium is low and things in Washington are uncertain.
Expiring: $SPX Dec 23rd 3585/3605-3730/3750 condors, sold yesterday for 1.10.
PLTR, I bought a spread,…
PLTR, I bought a spread, BTO January 2022, 30 call and STO January 8, 37 call. for a debit of 9.45
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Dec 30th 3685/3705-3715/3735 iron condors for 15.45, with SPX at 3710.
ZM
#ShortPuts – Back in this one. Thanks @Ramie for calling my attention to it. Outside the expected move and down closer to the 200ma.
Sold ZM JAN 15 2021 320.0 Put @ 4.00
WFC Covered Call Roll
Rolling this week’s ladder position out 3 weeks to keep the ladder going
Bought to Close WFC Dec 24 2020 29 Calls / Sold to Open WFC Jan 15 2021 30 Calls @ 0.19 Credit plus an extra point on the strike price.
ZM iron condor
Sold $ZM 1/15 330/340/450/460 iron condor @ 3.35. IV rank 42.
ADS Rollup
Bought to close ADS Dec 24 2020 72.5 Calls / Sold to Open ADS Dec 31 2020 75 Calls at $0.37 Credit and I moved the strike price up $2.50.
The stock is up 6% today on a ratings upgrade.
BALY, The sstock is breaking…
BALY, The sstock is breaking out on a monthly chart so I bought the May 50/60 call spread at 3.50
OSTK
#ShortPuts – Adding…
Sold OSTK JAN 08 2021 52.5 Puts @ 1.80
SPX 7-dte
#SPX7dteLong Sold to close $SPX Dec 23rd 3710/3690 put spreads for 9.00. Will sell call side on a spike. Likely another loss due to this murderous consolidation around 3700. Condors bought for 16.10 last Thursday.
QS
#ShortPuts – Don’t know much about this one. First time in so staying small. Premium is too good to pass up without taking a shot.
Sold QS JAN 8 2021 60.0 Puts @ 2.30
LAZR
#ShortPuts – Back in it with a starter. Giving it some breathing room now…
Sold LAZR FEB 19 2021 22.5 Puts @ 2.10
Sold LAZR FEB 19 2021 20.0 Puts @ 1.25
VXX Contango Specials
Bought to open VXX Jun 18 2021 7 Puts / Sold to Open VXX Dec 31 2020 16.0 Puts at $0.04 Credit.
Bought to open VXX Jun 18 2021 8 Puts / Sold to Open VXX Dec 31 2020 16.5 Puts at $0.08 Credit.
Short DTE = 8
Long DTE = 177
VXX = 17.51
#VXXContango
JMIA Put Closed
#shortputs
$JMIA BTC 1/15/2021 25 put at .15. STO 12/8 for 1.40
VXX Put Rolls
Bought to close VXX Dec 24 2020 20.5 Puts / Sold to Open VXX Dec 31 2020 20.5 Puts at $0.20 Credit.
Bought to close VXX Dec 24 2020 20.0 Puts / Sold to Open VXX Dec 31 2020 20.0 Puts at $0.23 Credit.
Done with this week’s VXX Trades
CINF
Sold 1 CINF 01/15/2021 90.0 Diagonal Call @ 1.10. Sold against a March 95 long call already held.
An unexplained 4 point explosion this morning in the stock.
TSLA
#Shortputs… STO Feb 19 425 Put @10.25 with stock at 623.23….Plan is to close position at 50% prior to earnings on 1/27…
TSLA
BTC TSLA Jan 15…750/760/450 #jadelizard @5.24 with stock at 622.75…
Original trade was made on 11/24..STO TSLA Jan 15 750/760/400 #jadelizard @10.27 with no upside risk…On 12/8 rolled 400 Put up to 450 Put for $5.00 credit…….Thanks to @smasty160 for the idea including rolling the put up….
SNOW
#ShortPuts #ShortStrangles – Risk reduction and risk addition…
Bought to Close SNOW JAN 08 2021 280.0 Put @ 1.90 (sold for 8.20)
Sold SNOW JAN 8 2021 300.0/430.0 Strangle @ 7.58
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 23rd 3585/3605-3730/3750 iron condors for 1.05, with SPX at 3684, IV 15.1%, delats: -.06,+.06
SPY New Diagonal
Still trying to make back the short dividend loss from Monday’s early assignment.
Bought to Open 1 SPY Jan 29 2021 385 Call Net Credit / Sold to Open 1 SPY Dec 24 2020 367 Call at $0.22 Credit.
I have both a 370 and 372 short call expiring tomorrow.
SLB Covered Roll
An early roll because Thursday may be an illiquid day to trade.
Bought to close SLB Dec 24 2020 20.5 Calls / Sold to Open SLB Dec 31 2020 20.5 Calls @ $0.20 Credit with SLB at 21.37.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX 3670/3690/3700/3720 iron condors for 15.90, with SPX at 3694.
VIX
https://www.zerohedge.com/markets/vix-curve-suggest-caution-virus-risks-mount
On Monday, the VIX explosion unleashed a powerful move for protection, soaring to as high as $31.46, having been range-bound between $26-$20 for much of November and December. The cause was primarily due to a virus mutation in the UK, raising concern that the central assumption of exceptional economic growth next year could turn out wrong.
IFR News points out a “kink” in the VIX futures curve for February.
“There is almost a kink on the VIX futures curve for February with the curve between February and July a saucer shape that is flat.”
VXX Diagonal Calls
Sold VXX 12/31/2020 23.0 Calls @ 0.23.
Paired off with the Puts I rolled earlier today
PYPL BUPS Closed
#bups
$PYPL BTC 1/15/2021 200/210 BUPS at .60. STO 3.10
LAZR, BTC January 15, 20…
LAZR, BTC January 15, 20 put at .25, sold at 1.40
VXX Put Roll
Looks like this week’s VIX spike has run out of gas, so rolling these early.
Bought to close VXX Dec 24 2020 22.5 Puts / Sold to Open VXX Dec 31 2020 22.5 Puts at $0.16 Credit.
Bought to close VXX Dec 24 2020 21.5 Puts / Sold to Open VXX Dec 31 2020 21.5 Puts at $0.20 Credit.
NFLX
#ShortStrangles – Sold NFLX JAN 8 2021 485.0/585.0 Strangle @ 5.25
PYPL, BTC 200 puts at…
PYPL, BTC 200 puts at .47, sold at 2.70
SNOW
#ShortPuts – Still decent premium here…
Sold SNOW JAN 15 2021 290.0 Put @ 4.50
NVDA, BTC January 15, 425…
NVDA, BTC January 15, 425 puts at .80, sold at 5.05, taking some risk off the table.
GILD Put Ladder
Starting with Diagonal Spreads. Would take the stock at the short strike (or roll a few times first) 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 GILD Mar 19 2021 45.0 Put/ Sold to Open GILD Dec 24 2020 57.0 Put at $0.03 Credit.
Bought to Open GILD Mar 19 2021 45.0 Put / Sold to Open GILD Dec 31 2020 56.50 Put at $0.12 Credit.
GILD YTD Low = 57.03 (set today)
Dividend % = 4.65%
#FallingKnife
TQQQ, BTC December 24 105…
TQQQ, BTC December 24 105 puts at .02, sold at 2.30
REGN
#ShortPuts – An oldie but a goodie. It’s been weak so taking a shot at the expected move. Should have 2-3 rolls available prior to earnings…
Sold REGN JAN 15 2021 450.0 Put @ 4.20
OSTK SNOW TDOC TSLA
#ShortPuts – Booking and adding…
OSTK: Taking a few off.
Bought to Close OSTK DEC 31 2020 52.5 Puts @ .20 (sold for 1.29)
SNOW:Looking to get back in now.
Bought to Close SNOW DEC 31 2020 285.0 Put @ .60 (sold for 5.40)
TDOC: Completely out of this one now.
Bought to Close TDOC DEC 31 2020 177.5 Put @ .30 (sold for 2.80)
TSLA: Adding.
Sold TSLA JAN 08 2021 500.0 Put @ 4.90
PLTR
#ShortPuts – Going with Dan’s free video…
Sold PLTR JAN 8 2021 25.5 Puts @ 1.00
Don’t forget about Palintir ($PLTR). It’s a coiled spring that’s ready to pop. (December 21, 2020)
NIU, STO January 15, 30…
NIU, STO January 15, 30 puts at 2.10
RH
#ShortPuts – Late fill…
Bought to Close RH DEC 31 2020 405.0 Put @ .75 (sold for 7.75)
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.
Options Bistro 