#closing #ironcondor CRM
Dec. 4 sold a 190/200/250/260 for 3.04, bought today for 1.97
Monthly Archives: December 2020
Interesting…
DoorDash ($51B) is worth nearly 2x Yum Brands, owner of Pizza Hut, Taco Bell, and KFC
Airbnb ($78B) is worth as much as Marriott, Hilton, and Hyatt combined
Snowflake ($93B) is worth more than Goldman Sachs
#longstock OMC Bought 100 shares…
#longstock OMC
Bought 100 shares @63.71, ex-div Dec. 18 paying .65
#shortputs PFE Sold Jan. 15,…
#shortputs PFE
Sold Jan. 15, 37 put for 1.18, stock down about 5 the last 5 days to 38.30 or so.
RH
#ShortStrangles – This was a repair trade for a call sale that took some heat. Happily out with beer money…
Bought to Close RH DEC 18 2020 415.0/510.0 Strangle @ 1.75 (sold for 2.45)
TSLA
#ShortPuts – Taking this a few days early on the big run up. Looking to re-load. This is “Put Sale Of The Year” award winner for my accounts. 🙂 🙂
Bought to Close TSLA DEC 18 2020 450.0 Put @ .52 (sold for 18.55)
RH Earnings
#ShortPuts – Closing the earnings trade and selling new. Still decent premium down at the expected move and below the 50ma.
Bought to Close RH DEC 18 2020 400.0 Put @ .35 (sold for 7.44)
Sold RH DEC 31 2020 402.5 Put @ 4.50
INMD,
BTC December 18, 45 puts at .40, sold at 2.05
This one can move around a lot for no reason at all so I took my profit and ran.
SNOW
#ShortCalls – Selling against short puts…
Sold SNOW DEC 18 2020 375.0 Call @ 1.30
NVCR,
BTC December 18, 125 put at .05, sold at 4.08
Closed ZM
Got back to my desk and saw that this closing order was filled. Bought to close $ZM 12/18 350/360/460/470 iron condor @ .50. Sold for 2.89 on 12/3.
SNOW
#ShortPuts – In a different account from previous roll…
Rolled SNOW JAN 08 2021 260.0 Put to JAN 08 2021 280.0 Put @ 4.20 Credit (8.20 total now)
TQQQ, Forgot to post.
BTC December 18, 165 puts at 4.50, sold at 9.80, we are getting close to the end of the year so I am a little nervous.
SNOW
#ShortPuts – I wanted to do something on a big down day. Instead of increasing size just rolling up slightly for additional premium…
Rolled SNOW DEC 31 2020 275.0 Put to DEC 31 2020 285.0 Put @ 2.00 Credit (5.40 total now)
TQQQ,
STO December 31, 125 puts at 1.45
NVDA Call / MRVL Strangle / PENN PLTR Put
#syntheticcoveredcalls
$NVDA STO 12/18 545 call at 4.60. Sold against Jan long 550.
#shortstrangles
$MRVL STO 12/18 44.50/46 straddle at 1.11
#shortputs
$PENN STO 12/18 76 put at 1.35
$PLTR STO 12/18 25.50 put at .57 Thank you @honkhonk81
NVDA
#ShortPuts – Still rangebound so still selling. Just outside the expected move and near recent lows…
Bought to Close NVDA DEC 18 2020 490.0 Put @ .53 (sold for 5.80)
Sold NVDA JAN 08 2021 475.0 Put @ 5.00
SPX trades
#SPX7dteLong Bought to Open $SPX Dec 18th 3645/3665-3675/3695 iron condors for 16.55, with SPX at 3669.
#SPX1dte Expected to expire worthless: Dec 14th 3540-/3560-3720/3740 condors, sold Friday for 1.05.
#closing #shortputs CHWY CHWY Dec….
#closing #shortputs CHWY
CHWY Dec. 9, sold a Jan. 15, 65 put for 1.76 after an earnings drop, bought today for .55.
DM sold Feb. 19, 12.50 put for 1.15 spec play stock is at 18.50, up from 17.50 after a fall from 25.
#tastytradefollow
LABU,
BTC January 15, 30 puts at .05, sold at 1.65
No reason to keep the trade on for another 5 plus weeks for .05 cents.
DKNG
STO 24 Dec 45 Put for .57
PYPL,
STO January 15, 200 put at 2.70
REGI,
STO January 15, 55 put at 1.80
LAZR
#ShortPuts – Added one..
Sold LAZR JAN 15 2021 20.0 Put @ 1.50
#earningsFDX STO BuPS, 24 Dec…
#earningsFDX
STO BuPS, 24 Dec 272.5/262.5 for 1.20
FDX reports Thursday
#coveredcallsVLDR Bought VLDR at 19.39…
#coveredcallsVLDR
Bought VLDR at 19.39
STO 15 Jan 30C for 1.00
CHWY Puts Closed / Rolled NVAX MRVL Put / Rolled NVDA Call
#shortputs
$CHWY BTC 12/18 70 put at .10. STO at 1.22. Earnings trade with @fuzzballl
$NVAX BTC 12/11 120 and STO 12/18 120 put at added credit of $5. Total credit taken in at $9.
$MRVL BTC 12/11 44 and STO 12/18 43 put at added credit of .05 (yes a nickel). Total credit taken in at $1.83 while reducing strike by a $1.00.
#coveredcalls
$NVDA BTC 12/18 545 and STO 12/24 540 at added $4.10.
Expirations
Expired 1 x COST Dec 11: $375 /$370 long PUT Vertical / 2 x Dec 11: $365 / $360 short PUT Vertical – managed to sell the long PUT vertical @ $0.60 (strange that it filled 1 minute before market close) – the Unbalanced Condor was entered for a $0.51 credit so a net credit of $1.11.
Expired worthless ETSY Dec 11, 165 / 155 / 145 Broken Wing Put Butterfly (BTO @ $0.95 credit).
Expired worthless TWLO Dec 11, 325 / 315 / 295 Broken Wing Put Butterfly (BTO @ $1.40 credit).
VXX Puts and Calls
Bought to close VXX 12/11/2020 17.50 Diagonal Puts @ 0.01. They won’t trade any lower.
This was a pretty big position so I’m happy to pay the penny. Sold last Friday on a rolldown @ 0.95.
Also closed VXX Dec 11 2020 18 Calls at $0.08 (sold @ 0.17 & at 0.23)
Replaced them with short VXX Dec 18 2020 23 Calls @ 0.20 for a 0.12 Credit Plus 5 BIG points higher on the short strike.
(I wish Put rolls were this easy for just one more week.)
SNOW
#ShortPuts – Filled on the late drop…
Sold SNOW JAN 08 2021 260.0 Put @ 4.00
AMZN
Bought to open AMZN Jan 15 2021 3,300 Call / Sold to open TSLA Dec 24 3120 Call @ 7.40 Credit.
VIX
The VIX is all over the map today
Above 25 in the pre-market
Then down under 23 early
Then above 25 midday
Now down to 23 again.
Whew!!
BIIB OSTK SNOW
#CoveredCalls #OptionsExpiration – Slow day today. Out most of the morning. Sold some, rolled some, and ignored some. 🙂 🙂
BIIB: Covered. Rolled to keep the theta cranking…
Rolled BIIB DEC 18 2020 265.0 Call to BIIB DEC 31 2020 260.0 Call @ 4.25 credit (9.95 total now)
OSTK: Covered. New sale replacing this week’s…
Sold OSTK DEC 18 2020 56.0 Calls @ 2.00
Expiring: 59.5 Calls (sold for 1.65)
SNOW:
Expiring: 330 Put (sold for 3.05)
Have a great weekend!
TSLA
Premium is not exactly collapsing, but it’s coming down nicely. The 5 delta #shortstrangle expiring next week still has a pretty rich premium. The 460/840 is trading at 4.60.
TQQQ,
I am short the 135 puts that expire today and have a bid in at .01 cent. I just refuse to pay anymore than that to close the trade.
TQQQ,
STO December 31, 130 put at 3.50
SPX trades
#SPX1dte Sold to Open $SPX Dec 14th 3540/3560-3720/3740 iron condors for 1.05, SPX at 3568, IV 13.4%, deltas: -.06, +.06
Expected to expire: Dec 11th 3585/3605-3720/3740 condors, sold yesterday for .90.
QCOM
QCOM is down 8% today
STO QCOM Dec24’20 135 PUT @1.36
#shortputs TQQQ Rolled my 31…
#shortputs
TQQQ Rolled my 31 Dec 142P to 8 Jan 140P for 1.86
Total credit now 5.07
#shortputs LAZR Rolled my 15…
#shortputs
LAZR Rolled my 15 Jan 25P to 19 Feb 22.5P for .65
Total credit now 3.15
#coveredcalls CCL STO 24 Dec…
#coveredcalls
CCL STO 24 Dec 26 call for .42
.20 Delta
SPX 7-dte
#SPX7dteLong. Sold to close $SPX Dec 14th 3710/3730 call spreads for 1.25. Put side sold for 12.60 on Wednesday. Condors bought for 15.40 on Tuesday, so loss is 1.65.
Now I’m rooting to stay below 3665 today for max credit on today’s expiry.
AAL
Closing AAL Dec-20-2020 14 #CoveredCalls+underlying stock @13.95.
A bit of clearing the decks going into the end of the year.
TQQQ, STO December 24, 135…
TQQQ, STO December 24, 135 puts at 2.60
VXX – creating straddles
I’m already short the puts for next week so I’m adding the calls to create Iron Condor Calendar spreads
Sold VXX 12/18/2020 21.0 Diagonal Calls @ 0.35
Sold VXX 12/18/2020 21.5 Diagonal Calls @ 0.32
Sold VXX 12/18/2020 22.0 Diagonal Calls @ 0.29
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 11th 3585/3605-3720/3740 iron condors for .90, SPX at 3671, IV 13.8%, deltas -.06,+.06
Diagonal Back Spread – SBUX
Sell 1 x Jan 21 $105 call, Buy 2 x Apr 16 $110 call @ $5.64 debit.
Test case for how this setup performs over time. Ideally looking for structuring the trade so the sale of call finances all, or most of, the cost of the 2 long calls (McMillan thinks it is possible) – but I’m not too sure.
SPX 7-dte
#SPX7dteLong – Bought to Open $SPX Dec 16th 3640/3660-3670/3690 iron condors for 16.65, with SPX at 3663.
COST #earnings Here’s a trade…
COST #earnings
Here’s a trade I just executed very similar to CHWY. Uses call skew for bullish play, financed by a short put, no upside risk, downside BE is about $362.60, right at expected move. Traded small for assignment. On these trades the T1 line can rise above the max P/L line, if the stock price is close to, but below, the call fly. So on a down move it’s important to be nimble for an advantageous close.
Dec 11 Expiration
Call Skew Fly: 2/3/1 372.5/375/377.5 for 1.43 debit
Short Put: 362.5 $1.24 cr
MRNA
Still has a high IVR. Sold next week’s 210 call for 1.75 to pair with my Jan 110 put. My Dec11 210 and 220 calls should expire worthless tomorrow.
RH
#ShortCalls – Selling against a couple short puts I’ve got floating around out there. Giving Mr. Market something to shoot for…
Sold RH DEC 18 2020 485.0 Call @ 2.35
RH Post Earnings
#ShortPuts – Selling outside the expected move and below the 50ma down near recent lows…
Sold RH DEC 31 2020 375.0 Put @ 4.00
VXX Contango special result
11/24 Bought to Open VXX Jun 18 2021 8.0 Puts / Sold VXX Dec 04 2020 17.0 Puts @ 0.06 Credit.
12/04 Bought to close VXX Dec 04 2020 17 Puts at $0.02. Rolled to VXX Dec 11 2020 16 Puts at $0.10.
Today covered the VXX Dec 11 2020 16 Puts at $0.01.
They won’t trade any lower.
Adding the now “Free” VXX June 2021 puts to my growing portfolio of these with 190 Days to expiration (DTE)
Musk Inc.
Unmanned SpaceX Starship Flight Test Ends In Massive Fireball
RH Earnings
#ShortPuts – This is nuts but what the heck…been a good earnings season so far. At the 50ma and the expected move.
Sold RH DEC 18 2020 400.0 Put @ 7.44
#shortputs CHWY LAZR CHWY Sold…
#shortputs CHWY LAZR #shortstrangles DKNG
CHWY Sold Jan. 15, 65 put for 1.76, Stock is at 75, down $4 today after earnings yesterday
LAZR Sold Jan. 15, 20 put for .90, stock is around 36.50, down around $5
DKNG sold Jan. 15, 40/65 for 2.10
#tastytradefollow
#TQQQ SOLD TQQQ 18 DEC…
#TQQQ
SOLD TQQQ 18 DEC 20 133 PUT @1.50
9DTE
Elon’s Big Rocket
#OffTopic – Trying again today in about 15 minutes if anyone is interested.
SPX trades
#SPX7dteLong Following my own suggestion from earlier and legging out on the swings, sold to close $SPX Dec 14th 3700/3680 put spreads for 12.60. Condors bought yesterday for 15.40. If this is the start of a big drop, this loss is fairly small. But I think it is more likely to see some bounce by Monday, which means I can then sell the call side.
TQQQ, STO January 8, 115…
TQQQ, STO January 8, 115 put at 2.65
TQQQ
In an IRA STO Dec18 135 #shortputs for 1.45, 11 delta with 9 days to OpEx.
NFLX
#BullPutSpreads – Trying something a little different. Instead of naked going with the wide spread with plans to close the long side on a bigger pullback to make a little extra. Selling a week or two before next earnings at the expected move and below the 200ma.
Sold NFLX JAN 8 2021 450.0/400.0 Bull Put Spread @ 4.31
TSLA – a profitable 2 days
A #CreditCredit trade
On Monday I Bought to open TSLA Jan 15 2021 1,000 Call / Sold to open TSLA Dec 11 2020 670 Call @ 0.67 Credit.
Closed both sides this afternoon at 7.52 Credit. Releases $33k spread requirement 2 DAYS EARLY.
Surprisingly I made more on the long side than I made on the short side even though the stock is down.
RLGY, STO, January 15, 12.50…
RLGY, STO, January 15, 12.50 put at .50 cents
SNOW,STO, STO 275 puts at 3.50
TQQQ, STO January 15, 110 puts at 2.52
TQQQ, STO January22, 105 puts at 2.65
SQ
BTC with GTC order SQ Dec 18 185 Put @.35…..Was STO 11/25 @2.25
REGN
Oldie but a goodie coming into view. Got it back on the primary watchlist. 400 with put sales well below that is the target eventually…
SNOW
#ShortPuts – Size reduction and safety…
Bought to Close SNOW DEC 18 2020 265.0 Put @ 1.10 (sold for 3.20)
LAZR
#ShortPuts – Jumped back in a little earlier. Can do better now. Even with the selling today the 17.5 and 20 strikes weren’t gaining much value so bumping it up another strike.
Sold LAZR JAN 15 2021 22.5 Puts @ 1.70
TQQQ
#ShortPuts – Replacing some positions that were closed earlier. Slightly higher strikes but still almost 2x the expected move and near the 200ma.
Sold TQQQ JAN 8 2021 115.0 Put @ 2.25
Sold TQQQ JAN 15 2021 110.0 Put @ 2.45
Sold TQQQ JAN 15 2021 105.0 Put @ 2.00
Sold TQQQ JAN 22 2021 105.0 Put @ 2.45
Sold TQQQ JAN 22 2021 100.0 Put @ 2.30
VXX Calls
Bought to open VXX Jan 15 2021 48.0 Calls / Sold to Open VXX Dec 11 2020 18.0 Calls @ 0.02 Credit with VXX at 17.00 and with less than 2 1/2 days until the expiration of the short.
With all the short puts I have, I would welcome a move to the short strike by Friday. The 5-day high on VXX is 17.57 though.
SPX 7-dte
#SPX7dteLong Morning started out great, now a sticky situation. Sold to close $SPX Dec 9th 3665/3645 put spreads for 1.40. Looking for recovery from these lows to close out the 3675/3695 call side.
TQQQ,
BTC December 11, 120 puts at .01
VXX Weekly Put rolls
Bought to Close VXX Dec 11 2020 22.5 Puts / Sold to Open VXX Dec 18 2020 22.5 Puts at $0.13 Credit.
Bought to Close VXX Dec 11 2020 21.5 Puts / Sold to Open VXX Dec 18 2020 21.5 Puts at $0.17 Credit.
Bought to Close VXX Dec 11 2020 20.5 Puts / Sold to Open VXX Dec 18 2020 20.5 Puts at $0.22 Credit.
Squeezed all the time premium out of this week’s positions.
Someday the market will correct.
DOCU Iron Condor
Sold $DOCU 1/15 185/195/260/270 iron condor @ 2.95 with the stock trading around 225. Short puts 17 delta, short calls 22 delta. IV rank 31.
TQQQ,
STO December 18, 143 put at 1.12
Options Bistro 