Sold to Open 1 WBA Jan 08 2021 42.0 Covered Call @ $1.15.
Replaces a covered Call that expired Friday
Monthly Archives: December 2020
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
TSLA
#ShortPuts – Out Friday afternoon so missed the TSLA fun. Had a couple though…
Bought to Close TSLA DEC 18 2020 550.0 Put @ .05 (sold for 8.25)
Bought to Close TSLA DEC 24 2020 460.0 Put @ 2.80 (sold for 9.80)
Expiration
NFLX #IronCockroach Dec 18, 515 / 520 Call credit spread + 510 / 500 Put credit spread @$6.31 credit for the combo. Put credit spread expired worthless, Call expired ITM so max loss of $5.00, offset by the combined entry credit of both spreads of $6.31, so net credit of $1.31.
RH #BWB 410 long put expired worthless. This is the leftover leg of the 460/440/410 BWB. I closed out the 1x 460 / 2x 440 put spread for a credit of $8 on Wednesday. I highlight the amazing move of RH on Friday that went from $435 to $455. I thought I’d missed a chance for a $20 closeout on butterfly, closing out for $8 – but as I kind of thought, anything can happen on expiration Friday. So note to self, bird hand better than bird bush.
Expiration
#optionsexpiration #assignment
$DDOG 90/95 BUPS
$TSLA 560/580 BUPS
$NVTA 50 Call
$TLRY 7.50 put
$JKS 50 put Thank you @jwardb737
$APPS 35 put Thank you @jsd501
$MARA 9 put
$NEO 45 put
$PENN 73.50 put
$PENN 76 put
$DKNG 48 put
$EXAS 100 put Thank you @jsd501
$Z 130 put
$MRVL 43 put
$MRVL 44.5 put
$MRVL 45.50 put
$SLV 23 put
$TQQQ 143 put Thank you @jsd501
$YOLO 14 put
$PLTR 25.50 put Thank you @honkhonk81
#assignment
$T 31 put
Offset a lot of these profits by ill played $AMZN 3250/3300 BUCS which was more than 50% profit
yesterday and I managed to close it with loss of 80% of what it cost. Greed not good. BTO @ 24.20 STC @ $4.95.
Expires etc.
Expires:
ADBE Dec-18-2020 480/490 #BuPS
TLSA Dec-18-2020 615/625 #BuPS STO earlier today @1.0
Assignments:
SONO Dec-18-2020 22.5 #CoveredCalls
SPXL Dec-18-2020 69.00 #coveredcalls
Roll:
NFLX 530/540 Dec-18-2020 #BeCS // Dec-31-2020 @1.00 credit.
SPX trades
#SPX1dte Actually going LONG this time, due to possibility of Congress passing stimulus. Was considering RiskReversal, but if they pass and Trump refuses to sign, could be negative reaction. So long on both sides
Bought to Open $SPX Dec 21st 3565/3585-3760/3775 iron condors for .70 (broken-wing because I’m 15-wide on call side.). I don’t think this has much chance, but a cheap play.
Expiring: Dec 18th 3630/3650-3780/3800 condors, sold yesterday for 1.00.
#SPX7dte Sold to Close $SPX Dec 18th 3675/3695 call spreads for 19.50. Not a fun afternoon watching it drop, but I held in there and got lucky with the bounce. Put side sold earlier for 1.00, so 20.50 total. Condors bought for 16.55 on Monday.
TSLA Assignment Risk
If anyone has covered calls on TSLA, there may be a little extra assignment risk if your extrinsic value is low on the short calls. Check it out before the close. Earlier this week I converted my TSLA Jade Lizard (took nice profits) to a collar, so I’m watching the extrinsic on the short call. I’m in the clear, but if anyone is DITM with low extrinsic left (regardless of expiration date) there is great demand for the shares.
PLUG
Bought the Jan2021 – 20 calls for .80 sometime in the summer for $PLUG. Still holding as it doesn’t want to stop!
BIDU Call Roll
#coveredcalls
$BIDU BTC 12/18 195 call and STO 12/24 200 call at 1.10 added credit
SPX trades
#SPX7dteLong Sold to close $SPX Dec 18th 3665/3645 put spreads for 1.00. Looking for a close here or higher to take full 20.00 on call side.
VXX Contango Special
#VXXContango Special
Bought to open VXX Jan 21 2022 5 Puts / Sold to Open VXX Dec 24 2020 16.5 Puts at $0.07 Credit
Short DTE = 6
Long DTE = 399
SPY
Friggin’ Dividend
ASSIGNED as of 12/17/2020 CALL (SPY) SPDR S&P 500 ETF DEC 18 20 $360
ASSIGNED as of 12/17/2020 CALL (SPY) SPDR S&P500 ETF DEC 21 20 $341
ASSIGNED as of 12/17/2020 CALL (SPY) SPDR S&P500 ETF DEC 23 20 $350
Covered the short stock @ 369, 368.50 and 368.
Sold new calls
Sold 1 SPY 12/18/2020 371.0 Call @ 0.32 (expires today)
Sold 1 SPY 12/21/2020 371.0 Call @ 1.03 (expires Monday)
Sold 1 SPY 12/23/2020 372.0 Call @ 1.33 (expires Wednesday)
TGT, BTC the 160 puts…
TGT, BTC the 160 puts at .01 that expire today. Sold at 2.05
TSLA
Seems like institutions are front running the TSLA SP500 inclusion.
Up big in a down market.
New All-time High I believe
TQQQ, STO January 29, 100…
TQQQ, STO January 29, 100 put at 1.85
WBA Covered Call Roll
Rolled the other half of the 40.50 covered calls with WBA @ 40.98
Bought to close WBA Dec 18 2020 40.5 Call / Sold to Open WBA Dec 31 2020 41.0 Call at $0.48 Credit and added 0.50 to the strike price.
VXX Put Rolls
Bought to close to Close VXX Dec 18 2020 21.5 Puts / Sold to Open VXX Dec 24 2020 21.5 Puts @ 0.10 Credit.
Bought to close to Close VXX Dec 18 2020 20.5 Puts / Sold to Open VXX Dec 24 2020 20.5 Puts @ 0.15 Credit.
TQQQ – Calendar Condor
#BoredToDeathTrade – did a 2nd one
Buy to Open 1 TQQQ Jan 15 2021 100 Put at $0.77
Sell to Open 1 TQQQ Dec 24 2020 155 Put $1.00
Sell to Open 1 TQQQ Dec 24 2020 185 Call at $1.76
Buy to Open 1 TQQQ Jan 15 2021 220 Call at $1.14
Total Credit 0.85
#earningsNKE Reports tonight STO 8…
#earningsNKE
Reports tonight
STO 8 Jan IC 125/130/150/155 for 1.65
IV 41.6
Short deltas
130, .25
150, .23
SNOW
#ShortCalls – Forgot I had this order in. Sold against some short puts…
Bought to Close SNOW DEC 18 2020 375.0 Call @ .05 (sold for 1.30)
OSTK
#ShortPuts #CoveredCalls – Replacing stock getting called away…
Sold OSTK DEC 31 2020 57.5 Puts @ 1.30
OSTK
#ShortPuts – adding…
Sold OSTK JAN 08 2021 52.5 Puts @ 1.35
TQQQ
Taking a page out of the @jsd501 book. Sold $TQQQ Jan 8 130 put @ 2.01.
RIOT
STO 25 Dec, 8.5 Put for .30
$QS, STO Feb15 put 45…
$QS, STO Feb15 put 45 strike at 10.70, higher now. naturally a speculative trade but wouldn’t mind to own at that BEP
PII, BTC 95 put at…
PII, BTC 95 put at .05, sold at 2.40
TSLA, BTC 450 put at .05, sold at 6.10
These expire today.
AMZN NVDA BABA BUPS Closed
#bups
$AMZN BTC 12/18 3090/3100 at .10. STO at 4.00 on 11/30
$NVDA BTC 12/18 500/510 at .10. STO at 3.40 on 11/20
$BABA BTC 12/18 250/260 at .76. STO at 1.10 on 11/6
TSLA
#ShortCalls – Keeping all my short puts going. Closing this for safety in case of big buying tomorrow. This leaves the 550 put side of the strangle for tomorrow @ 8.25 credit.
Bought to Close TSLA DEC 18 2020 720.0 Call @ 4.14 (sold for 3.30)
FROG Put Roll (Delicious) / NVAX COUP Put Closed / MARA Put
#shortputs
$FROG BTC 12/18 65 put and STO 1/15 60 put at added credit of 1.20
$NVAX BTC at .70. Rolled twice. Total premium earned 9.10
$COUP BTC 12/31 275 put at .80. STO at 4.00. Thanks @fuzzballl
$MARA STO 12/18 9 put at .40
TQQQ, In my IRA, STO…
TQQQ, In my IRA, STO December 31, 142 put at 1.45
JKS, BTC December 18, 50…
JKS, BTC December 18, 50 puts at .05, sols at 1.65
NFLX
#BullPutSpreads – Taking it 3 weeks early…
Bought to Close NFLX JAN 8 2021 450.0/400.0 Bull Put Spread @ .85 (sold for 4.31)
SPX trades
#SPX7dteLong Bought to Open $SPX Dec 23rd 3690/3710-3720/3740 iron condors for 16.10, with SPX at 3718.
TQQQ, BTC December 18, 90…
TQQQ, BTC December 18, 90 puts for .01, sold at 2.35 in my IRA. Finally getting some fills.
SQ
BTC on GTC order….. SQ 15 JAN 21 165 PUT @.35…..Orig STO @2.00 on 12/9……#shortputs…
AVLR,
STO February 19, 155 put at 6.00 with stock at 177
ZS,
STO February 19, 165 put at 7.05, stock at 188 and this expires one day after earnings.
#closing #shortputspread AMZN #longcallspread HD…
#closing #shortputspread AMZN #longcallspread HD
AMZN Dec. 3, sold Jan. 15, 3040/3050 put spread for 3.33, bought today for 2.40
HD Dec. 2, bought a Jan. 15, 270/280 call spread for 4.38, finally turned slightly profitable, sold today for 4.80
VXX Puts
#VXXContango Special
Buy to Open VXX Jun 18 2021 7 Puts / Sell to Open VXX Dec 18 2020 16.5 Puts $0.04 Credit.
Short = 1 DTE
Long = 183 DTE
TQQQ – Calendar Condor
#BoredToDeathTrade
Buy to Open 1 TQQQ Jan 15 2021 100 Put at $0.87
Sell to Open 1 TQQQ Dec 24 2020 155 Put $1.08
Sell to Open 1 TQQQ Dec 24 2020 185 Call at $1.64
Buy to Open 1 TQQQ Jan 15 2021 220 Call at $1.10
Total Credit 0.75
COST BUPS Closed
#bups
$COST BTC 12/18 360/370 BUPS at 1.60. STO 3.40 on 12/4
TQQQ, STO December 31, 142…
TQQQ, STO December 31, 142 put at 1.51
NVAX
BTC NVAX 12/18/2020 95/105 #BuPS @0.05.
End of a couple wins followed by rolls at just above break-even.
TQQQ,
STO December 24, 153 put at 1.02,
TQQQ,
BTC December 18, 75 puts at .01, sold at 5.00
SPXpire
#SPX7dteLong Expiring at max credit of 20.00: $SPX Dec 16th 3670/3690 call spreads. Condors bought for 16.65 last Thursday.
#SPX1dte Expiring worthless: Dec 16th 3580/3600-3745/3765 condors, sold yesterday for .90
VXX
Just before the Fed announcement in case things got crazy:
Bought to Open VXX Jan 15 2021 41.0 Calls / Sold to Open VXX Dec 18 2020 18.0 Calls @ 0.02 Credit.
The short is very easy to roll up but I don’t think I’ll need to.
I do expect I’ll have some free longs by Friday that I can write against several more times.
TSCO Puts Gone / SWI Mishmosh / TSLA Put Closed / Z Put / VXX Rolled
#shortputs #earnings
$TSCO BTC 12/18 140 put at .40. Been rolling since 10/20 on earnings trade gone awry. I now have vertigo on the wane and $125 for my spinning.
#longcalls #shortputs #bups #Mishmosh
$SWI BTO 1/15/2021 17.50 calls at 2.40
$SWI STO 1/15/2021 20 puts at 3.00
$SWI STO 2/19/2021 10/17.50 BUPS at 1.85
#shortputs
$TSLA BTC 12/18465 put at .65. STO at 4.65. Way to go @fuzzballl
$Z STO 12/18 130 put at .70.
$VXX BTC 12/18 21 and STO 12/24 21 at added credit of .20. Sold against long put. Channeling @optioniceman
ABNB
Take a look at this trade
ABNB
STO Jul 90 PUT
BTO Jul 140/160 CALL spread
Credit 5.35
COUP ZM
#ShortPuts – Taking some risk off a couple weeks out. Nice bounce in COUP today…
Bought to Close COUP DEC 31 2020 275.0 Put @ .90 (sold for earnings for 4.00)
Bought to Close COUP DEC 31 2020 280.0 Put @ .99 (sold for 5.30)
Bought to Close ZM DEC 31 2020 325.0 Put @ .55 (sold for 3.34)
MSFT,
STO December 31, 210 puts at 1.36
WBA Roll
Rolled half my covered calls in this account. Letting the rest run until Friday so I can possibly get my highest cost lot called away.
Bought to close WBA Dec 18 2020 40.5 Calls / Sold to Open WBA Dec 24 2020 41.0 Calls @ 0.13 Credit.
Raised the strike price as well.
SHOP, earlier today I BTO…
SHOP, earlier today I BTO December 31, 1070/1090 call spread at 10.60 and,
BTO AMZN, 3225/3240 call spread at 6.95
MSFT
STO December 31, 210 put at 1.36
Fed’s gonna keep it up
Fed commits to keep buying bonds until the economy gets back to full employment
https://www.cnbc.com/2020/12/16/fed-decision-december-2020-fed-commits-to-keep-buying-bonds-until-the-economy-gets-back-to-full-employment.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1608145264
SPCE
Rolled SPCE Dec-18-20 30 #ShortPuts // Dec-31-20 30 @ 0.6 credit
Have been rolling these since February. 4.50/share realized to date. Intending to be out before the end of the year.
Markets
VXX Puts
Early Roll to next week
Bought to close to Close VXX Dec 18 2020 22.5 Puts / Sold to Open VXX Dec 24 2020 22.5 Puts @ 0.15 Credit.
RH BWB – Profit Taking
RH currently trading @ $441
Closed out the Long Put credit spread of the BWB, selling the 1x 460 / 2x 440 put spread for a credit of $8. Max profit for a perfect closeout would be $20 – but attack of the gammas by Friday would make that extremely unlikely, unless I went for expiration assignment which I was willing to, but prefer not to do. Trade was placed for a $2.25 credit so net net credit of $10.25. I’ll settle for that.
Leaving the long 1x 410 puts open waiting for a big down move (who knows?).
Original trade placed on November 23:
(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.)
#BWB A #CreditCredit trade
ADS early Rollup
Bought to close to Close ADS Dec 18 2020 70.5 Calls / Sold to Open ADS Dec 24 2020 72.5 Calls @ 0.10 Credit but bumped the strike up 2 points, and above the current stock price.
Illiquid options make this one tough to trade.
I’ll be looking to exit anything in this stock as soon as it makes sense.
GILD
Looks like the stock is headed back down to test the Yearly low. #FallingKnife
I’ll be looking at puts to sell.
NVDA Iron Cockroach – adjustment
Trade placed when NVDA @ $543, currently @ $532. Rolling out the Put spread to Jan 29 buying more time for a debit of $0.49 – so net credit now $5.91. Look to layer on a credit call spread when the 545 / 550 expires on Friday.
Original trade:
(STO NVDA Dec 18, 545 / 550 Call credit spread @$2.16 credit for the $5 wide spread.
STO NVDA Dec 18, 540 / 530 Put credit spread @$4.24 credit for the $10 wide spread).
OSTK
#ShortPuts – Just to stay involved. A new starter position out a couple weeks…
Sold OSTK DEC 31 2020 52.5 Puts @ 1.29
SQ DKNG Puts Closed / NIO Put / BA BUPS Closed
#shortputs
$SQ BTC 12/18 185 put at .05. STO at 2.30. Thank you @ramie77
$DKNG BTC 12/18 48 put at .30. STO at 2.10. One batch left.
$NIO STO 1/15/2021 put at 4.20
#bups
$BA BTC 12/18 220/230 BUPS at 3.01. STO at 5.67. Partial close.
OSTK
#ShortPuts – Wasn’t expecting this nice bounce today but I’ll take it…
Bought to Close OSTK DEC 18 2020 55.0 Puts @ .40 (sold for 1.60)
Bought to Close OSTK DEC 18 2020 54.0 Put @ .30 (sold for 1.25)
Bought to Close OSTK DEC 18 2020 53.0 Put @ .19 (sold for 1.05)
SPX trades
#SPX7dteLong Bought to Open $SPX Dec 21st 3665/3685-3695/3715 iron condors for 16.40, with SPX at 3690.
LABU, RKT
BTC LABU 15 JAN 21 55 PUT @.50…..STO @ 2.67 on 11/24…
BTC RKT 18 DEC 20 20 PUT @.15….STO @ .80 on 11/18…
LAZR
Interesting thread. The comments are something else. How can it be legal for a firm to tweet knowing it will help their positions. Can I do that? 🙂
TSLA again
#ShortPuts – Monday is S&P day. Will it be big buying or big selling? Not sure but I like the high IV so selling next week a little early…
Sold TSLA DEC 24 2020 475.0 Put @ 4.20
TSLA
#ShortPuts #ShortStrangles – Fairly aggressive but only for 3 days…
Selling against this week’s put:
Sold TSLA DEC 18 2020 720.0 Call @ 3.30
Rolling up this week’s put for additional credit:
Rolled TSLA DEC 18 2020 475.0 Put to DEC 18 2020 550.0 Put @ 2.40 credit
Now a 550/720 @ 12.40 for this Friday…
Options Bistro 