Bought to close WBA Dec 11 2020 40.5 Call / Sold to Open WBA Dec 18 2020 41.0 Call @ $0.12 Credit.
Finally worked the covered call strike up above my highest stock cost of 40.93 from 08/17/2020
Monthly Archives: December 2020
TSLA
STO Dec18 480/950 #shortstrangles for 6.85. The strikes are 6 delta with 9 days to opex. IV is expanding. TW shows the IV coming out BB squeeze.
SNOW
#ShortPuts – Replacing this week’s. Still decent premium here. Selling 1.5x the expected move and at the 50ma.
Sold SNOW DEC 31 2020 275.0 Put @ 3.40
TQQQ
#ShortPuts – Taking these 37 days early at about 70 percent of max…
Bought to Close TQQQ JAN 15 2021 80.0 Put @ .54 (sold for 2.00)
Bought to Close TQQQ JAN 15 2021 85.0 Put @ .68 (sold for 2.55)
Bought to Close TQQQ JAN 15 2021 90.0 Put @ .80 (sold for 2.65)
Bought to Close TQQQ JAN 15 2021 95.0 Put @ .96 (sold for 2.00)
#closing #shortputs LAZR Dec. 3,…
#closing #shortputs LAZR
Dec. 3, sold a Jan. 15, 15 put for 1.35, bought today for .24.
Thanks @fuzzballl for the ticker.
#rolling #earnings SFIX Dec. 7…
CHWY LAZR VLDR ZM
#ShortPuts #Earnings – A few this morning…
CHWY: Closing the quickie earnings play.
Bought to Close CHWY DEC 18 2020 70.0 Puts @ .80 (sold for 1.36)
Bought to Close CHWY DEC 18 2020 68.0 Puts @ .45 (sold for .93)
LAZR: Taking the one day profit. Looking to re-load.
Bought to Close LAZR JAN 15 2021 20.0 Puts @ .85 (sold for 1.53)
VLDR: First time in this one. LAZR competitor.
Sold VLDR JAN 15 2021 15.0 Puts @ 1.50
ZM: Reducing size since looking weak.
Bought to Close ZM DEC 11 2020 375.0 Put @ 1.90 (sold for 5.00)
Bought to Close ZM DEC 11 2020 500.0 Call @ .10 (sold for 2.40)
Bought to Close ZM DEC 18 2020 360.0 Put @ 3.60 (sold for 5.60)
PENN T Puts
$PENN STO 12/11 76 puts at 1.23
$PENN STO 12/18 73 puts at 1.84
$T STO 12/18 31 puts at .30
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.
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.
TSLA
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
Closing DOCU
Bought to close $DOCU 12/18 260/270 bear call spread @ .55. Sold for 1.90 on 12/4.
NEO Put
$NEO STO 1/15/2021 45 put at 1.40
TLRY Strangle / TDOC Put Rolled
$TLRY STO 12/11 8/9 strangle at .50
$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.
TSLA #jadelizard Put Rollup: Original…
TSLA #jadelizard
Put Rollup:
Original trade on Nov 23
Sold qty 1 380 put (Jan 15)
Sold qty 1 740 call (Jan 15)
Bought qty 1 750 call (Jan 15)
Net Cr 9.80
Adjustment today: rolled up the put
Bought to close $380 put for 5.15, orig sold for $9.00
Sold to open $430 put for $8.85
Doubles my delta, removes all upside risk, lower breakeven moves from $370 to $416
SPX trades
#SPX7dteLong SOld to close $SPX Dec 7th 3665/3685 cal spreads for 19.85. Bouncing around too much, so I closed to avoid a bigger loss if it drops again. Condors bought for 15.65 last Tuesday.
Expiring: Dec 7th 3590/3610-3740/3760 condors, sold Friday for 1.00.
COUP Earnings
#ShortPuts #Earnings – First time in this one so playing it cautiously. Going out a few weeks and selling near recent lows, outside the expected move, and well below the 50ma.
Sold COUP DEC 31 2020 275.0 Put @ 4.00
TSLA Rolling Covered Call
$TSLA BTC 12/18 595 call and STO 12/18 620 call at added debit of $13.67, but would gain $25 if called away.
Stock at $646. Basis is 480.04. Wish I owned a hawk to watch this.
TDOC
ShortPuts – Easing back into this one…
Sold TDOC DEC 31 2020 177.5 Put @ 2.80
Markets
Stretched pretty thin up here
TSLA flier
Bought to open TSLA Jan 15 2021 1,000 Call / Sold to open TSLA Dec 11 2020 670 Call @ 0.67 Credit.
Hoping to pick up a free long call going into TSLA being added to the S&P500 on the 21st.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Dec 11th 3665/3685-3695/3715 iron condors for 15.70, with SPX at 3690.
NVDA Iron Cockroach
NVDA @ $543.
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.
Total credit $6.40 – covers all the upside risk on the sold credit spread (and still keep $1.40 credit).
Downside max loss $3.60 ($10 spread width – $6.40 credit received). Downside breakeven NVDA @ $533. Should be able to manage downside rolls on the puts or manage assignment.
#closing #shortputs APPN Dec. 1,…
#closing #shortputs APPN #earnings #shortstrangles SFIX
APPN Dec. 1, sold a Dec. 18, 110 put for 3.60, bought today for .35.
SFIX sold Dec. 18, 29/45 strangle for 1.20, stock is at 36.
#tastytradefollow
NVDA BWB – in/out credit trade
STC NVDA Dec 11, 530 / 520 / 500 Broken Wing Put Butterfly @$0.71 credit : BTO @ $2.67 credit (Nov 23). Net credit received $3.38.
SNOW strangle
STO SNOW Dec11 320/475 strangle for 3.30. Had to leg into this because I wasn’t getting a decent fill in 1 order.
COST BUPS
$TSLA STO 12/18 360/370 BUPS at 3.40 on Friday when $COST at 373.43. Thought process is the $10 dividend small drop will recover due to Christmas sales.
NUGT Call Rolled / TQQQ Put Closed
$NUGT BTC 12/7 74 call and STO 12/18 80 call at even
$TQQQ BTC 12/18 90 put at .15. STO at 2.00. Thank you @jsd501
#closing #shortputs CVS Nov. 23,…
#closing #shortputs CVS
Nov. 23, sold Dec. 18, 65 put for 1.02 after AMZN announced getting into the pharmacy business. Bought today for .06.
Update on BCRX CC and adjustment post drug approval
https://coveredcallswithjeff.wordpress.com/2020/12/07/good-week-for-bcrx-position-after-122-days-unrealized-profit-of-29300-roi-of-76-3-or-125-annualized/
Expirations
Expired worthless TSLA Dec 04, 560 / 550 / 530 Broken Wing Put Butterfly (BTO $3.73 credit).
Expired TSLA Dec 04, 600 / 620 / 640 Call Butterfly (BTO $1.63 debit). Sold out of the 600 calls for $0.88 so net loss $(0.73). Apologies – the original post had the strikes as 620 / 640 / 660.
Expired worthless DOCU Dec 04, 225 / 220 / 210 Broken Wing Put Butterfly (BTO @ 1.62 credit).
Expiration
$GOOGL 1760/1775 BUPS STO at $7. Thank you @ramie77
$SNOW 265/270 BUPS Earnings Trade STO at 1.45
$MRNA 122 Put
$TLRY 8.50 put
$TLRY 10 Call STO this morning at .23. My inner @iceman got the better of me
$NVAX 150 call (Covered)
$PFE 147 call (Covered)
$SPX 3595/3615/3750/3730 SPX 1 DTE (AKA The JEFF). Thank you @jeffcp66 STO at $1.00
Maybe
$MRVL 43.5 put. Stock closed at $43.365
VXX Puts – last roll
Bought to close VXX Dec 04 2020 17 Puts Net Credit at $0.02.
Sold these on 11/24, 11/25, and 11/27 at 0.28, 0.27 and 0.44.
Replaced them with an equal number of short VXX Dec 11 2020 16 Puts at $0.10.
Done for the day.
SPY Rollup
Bought to close to Close SPY Dec 04 2020 367.0 Call / Sold to Open SPY Dec 11 2020 370.0 Call at $0.25 Credit plus 3 more points on the short strike and above the all-time high set earlier today.
TQQQ Finally got a fill…
TQQQ Finally got a fill on the expiration of today. BTC 150 put at .01, sold at 2.06
TDOC TQQQ
#ShortPuts – Taking some risk off after nice runs…
Bought to Close TDOC DEC 24 2020 170.0 Put @ .90 (sold for 2.96)
Never got a chance to add to these:
Bought to Close TQQQ DEC 18 2020 90.0 Put @ .21 (sold for 2.25)
Bought to Close TQQQ DEC 18 2020 95.0 Put @ .24 (sold for 2.05)
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 7th 3590/3610-3740/3760 iron condors for 1.00, SPX at 3687, IV 10.5%, deltas: -.06,+.06.
#shortputs RIOT Sold Jan. 15,…
#shortputs RIOT
Sold Jan. 15, 7 put for 1.11
#tastytradefollow
VXX Weekly Put roll
Bought to Close VXX Dec 04 2020 17.5 Puts / Sold to Open VXX Dec 11 2020 17.0 Puts at $0.12 Credit plus a 0.50 lower strike.
The 17.50 short puts were the short side of a #VXXContango special from 11/23.
That just leaves the Dec 04 2020 17.0 Puts left to cover. They are currently out of the money with VXX at 17.10 but I don’t think VXX stays up here into the close.
But at least I have ALL the short 12/04/2020 calls from my VXX strangles expiring today.
LAZR
#ShortPuts – Taking well over half in a day. Still plenty of time for a pullback to sell Jan again…
Bought to Close LAZR JAN 15 2021 12.5 Puts @ .28 (sold for .60)
Bought to Close LAZR JAN 15 2021 15.0 Puts @ .59 (sold for 1.25)
SNOW post earnings
#JadeLizards – Sure seems like it’s due for a rest. Selling put side outside the expected move and call side inside the expected move. Only going out a week…
Sold SNOW DEC 11 2020 330.0/400.0/405.0 Jade Lizard @ 6.00
DOCU call spread post-earnings
$DOCU looks to be getting all tuckered out from all the earnings excitement and looks to be needing a little break. Sold 12/18 260/270 bear call spread @ 1.90 with the stock at 244.80.
Today’s candle kinda resembling a tombstone doji, with the current pricenot too far from the lows/bottom of the AM post-earnings gap. IV rank is 33.
TLRY CALL
$TLRY STO 12/4 10 call at .20
EXAS BUCS Closed / NVDA Put Closed / MRVL TSCO Puts Rolled
$EXAS STC 1/15/21 90/100 BUCS at 9.50. BTO 1/14/2020 at 4.80. Patience young Jedi.
$NVDA BTC 12/18 450 put at .40. STO at 4.10. Thank you @fuzzballl and @jsd501
$MRVL BTC 12/4 44 put and STO 12/11 44 put at added credit of .65
$TSCO BTC 12/11 141 put and STO 12/18 140 put at a debit of .40. Would gain $1 if assigned.
#closing #shortputspread NVDA Nov. 19,…
#closing #shortputspread NVDA
Nov. 19, sold Dec. 18, 455/465 for 1.40, bought today for .26.
VXX Weekly Put roll
Bought to Close VXX Dec 04 2020 18 Puts / Sold to Open VXX Dec 11 2020 17.5 Puts at $0.02 Credit
Sold the 18.0 puts at $1.05 while rolling down the 18.50 puts for a 0.19 credit last Friday and covered those this morning at $0.93.
So in 2 weekly rolls I’ve lowered the short strike a full point while still taking in a bit more $CASH
SE, BTC December 18, 180…
SE, BTC December 18, 180 put at 2.10, I sold these yesterday at 5.10 so decided to take the profit
OSTK
#ShortPuts – Letting stock get called away for a small profit. Replacing with these…
Sold OSTK DEC 18 2020 55.0 Puts @ 1.60
Sold OSTK DEC 18 2020 54.0 Put @ 1.25
Sold OSTK DEC 18 2020 53.0 Put @ 1.05
DOCU Earnings
#ShortPuts #Earnings #OneNightstand – Book it…
Bought to Close DOCU DEC 18 2020 205.0 Put @ .67 (sold for 3.60)
#coveredcalls AAL #shortstrangles CCL AAL…
#coveredcalls AAL #shortstrangles CCL
AAL bought 100 shares, sold Dec. 18, 17 call for 15.55, AAL is around 16.30
CCL sold Jan. 15, 17.50/30 strangle for 1.46
#tastytradefollow
JKS #earnings STO 18 Dec…
JKS #earnings
STO 18 Dec 50P for 1.45
Earnings on Dec 7
TQQQ, BTC December 4, 130…
TQQQ, BTC December 4, 130 put at .01, sold at 1.41
SFIX BuPS#earnings STO 11 Dec…
SFIX BuPS#earnings
STO 11 Dec 34/32 for .64
Earning on 7 Dec
VXX Puts
Bought to close Buy to Close VXX Dec 04 2020 16.5 Puts at $0.01. They won’t trade any lower.
Part of a #VXXContango special from 11/24.
I now own some VXX June 7.0 puts for free.
November Jobs Report
#Jobs — pace of job growth slows; gains lower than expected
Gain of +245,000 non-farm payroll jobs, vs. expected 440K gain
Unemployment at 6.7%, down by 0.2%, as expected
U6 unemployment at 12.0%, down by 0.1%
Labor force participation 61.5%, down by 0.2
Avg hourly earnings +0.3% vs +0.1% expected
Oct jobs revised down by -28K to +610K
Sept jobs revised up by +39K to +711K
MPC BABA PYPL Puts Closed
$MPC BTC 12/18 32.5 put at .10. STO .95
$BABA BTC 12/11 250 put at 1.40. STO 3.30 Thank you @fuzzballl aka LAZR MAN.
$PYPL BTC 12/18 170 put at .20. STO 1.65 Thank you @thomberg1201
SPACs
Sure seems like a scam but what do I know. This is how LAZR went public…
https://stockmarketmba.com/pendingspacmergers.php
#shortputspread AMZN Sold Jan. 15,…
#shortputspread AMZN
Sold Jan. 15, 3040/3050 for 3.33.
VXX Diagonal Calls
Bought to Open VXX Mar 19 2021 55 Calls / Sold to Open VXX Dec 18 2020 20 Calls $0.03 Credit.
With the long calls out in March, there will be multiple opportunities to sell against it.
DOCU Earnings
#ShortPuts #Earnings – Going out a couple weeks again for this one similar to SNOW yesterday.
Sold DOCU DEC 18 2020 205.0 Put @ 3.60
UVXY
#BullPutSpreads – This might be crazy but pretty low risk if I have to take stock. Figured I should have some sort of a tiny hedge for the month.
Sold UVXY DEC 31 2020 13.0/11.0 Bull Put Spreads @ 1.48
LAZR again
#ShortPuts – Bumping it up to a half position. Saving the rest hoping these take some heat later on.
Sold LAZR JAN 15 2021 15.0 Puts @ 1.25
SNOW post earnings
#ShortPuts – Just a quickie out a couple weeks down by the 50ma and at the expected move.
Sold SNOW DEC 18 2020 265.0 Put @ 3.20
Options Bistro 