#rolling SNAP #coveredcalls GPRO
SNAP Rolled Dec. 4 covered 46 call to Dec. 11 for .63 SNAP is at 48.
GPRO sold Dec. 18 9 calls for .27, GPRO is a little over 8.
Monthly Archives: December 2020
SPX 7-dte
#SPX7dteLong Sold to close $SPX Dec 4th 3620/3640 call spreads for 17.75. Iron condors bought Monday for 16.45. Will look to sell put spread if we go lower. Also happy to be safely in profit before #Jobs report in the morning.
Bought to Open $SPX Dec 9th 3645/3665-3675/3695 iron condors for 15.85, with SPX at 3669.
WBA
We don’t need no stinkin’ badges
…… I mean Amazon drugs
#closing TLRY #shortputs Nov. 10,…
#closing TLRY #shortputs
Nov. 10, sold Dec. 18, post earnings 6 put for .42, bought today for .04.
LAZR
#ShortPuts – Just for fun. Might add on a pullback.
SOLD LAZR JAN 15 2021 12.5 Puts @ .60
ZM iron condor
Sold $ZM 12/18 350/360/460/470 iron condor for 2.89. Stock around 410. A couple of notes of caution. Liquidity isn’t great in this so that is informing my position size. Also, with the fact that expiration is close (around 2 weeks) it will not leave a lot of time for adjustments if the stock moves strongly again in either direction. But IV rank is 43 so if the stock movement calms down I would expect some IV contraction that will help this position.
TSLA (Diagonal Jade Lizard?)
#ShortPuts – Wasn’t expecting a big upgrade so rolling the diagonal lizard into a naked put for a credit…
Bought to Close TSLA DEC 18 2020 590.0/595.0 Bear Call Spread @ 2.12 (sold for 1.67)
Rolled TSLA DEC 11 2020 475.0 Put to DEC 18 2020 475.0 Put @ 3.80 credit (6.75 net premium now)
SNOW Earnings
#ShortPuts #Earnings #OneNightstand – Book it…
Bought to close SNOW DEC 18 2020 250.0 Put @ 1.40 (sold for 5.50)
VXX early rolls
Bought to Close VXX Dec 04 2020 22.5 Puts / Sold to Open VXX Dec 11 2020 22.5 Puts at $0.07 Credit.
Bought to Close VXX Dec 04 2020 21.5 Puts / Sold to Open VXX Dec 11 2020 21.5 Puts at $0.12 Credit.
Bought to Close VXX Dec 04 2020 20.5 Puts / Sold to Open VXX Dec 11 2020 20.5 Puts at $0.18 Credit.
Bought to Close VXX Dec 04 2020 20.0 Puts / Sold to Open VXX Dec 11 2020 20.0 Puts at $0.19 Credit.
Bringing in some $CASH and buying more time.
Is this market EVER going to pull back???
#coveredcalls MRO Sold Dec. 18,…
#coveredcalls MRO
Sold Dec. 18, 7 call for .15. MRO is at 6.20.
#closing #shortputs PINS Nov. 13…
#closing #shortputs PINS
Nov. 13 sold Dec. 18, 55 put for 1.99, bought today for .18.
NFLX BWB – closeout
BTC NFLX Dec 04, 490 / 480 / 460 Broken Wing Put Butterfly @ $0.49 credit
Trade opened on 11/24 for $1.40 credit so total net credit received is $1.89.
BA, STO February 19, 200…
BA, STO February 19, 200 put at 8.33
CRWD
At the open BTC with GTC order CRWD Jan 15 21 120 PUT @.70….Was STO 11/19/20 @3.90….Thanks to @jsd501 for the idea….#shortputs
SE, STO December 18, 180 put at 5.10
PLAN, STO January 15, 70 put at 3.90
It would be scary to be in this position.
I came across this video. Thought to share it here.
Lost $30,000 on a $1-Wide Credit Spread – TSLA (Options Traders MUST Watch This)
GMHI and LAZR
Here’s one to keep an eye on. My ex’s hubby is an engineer at Luminar. They make the lidar radar for self driving cars. BTW TSLA does not use lidar. All cameras and computers instead.
SNOW Earnings
SNOW Earnings
#ShortPuts #Earnings – I’ve got one account that’s nearly all cash so going pretty aggressive here. Looking out to the monthly expiration and selling below the 50ma and with breakeven at the expected move. First earnings announcement for SNOW so who knows where it goes…
Sold SNOW DEC 18 2020 250.0 Put @ 6.00
EDIT: Since this is it’s first ever announcement buying a disaster put for this week…
Bought SNOW DEC 4 2020 225.0 Put @ .50
SPX trades
#SPX7dteLong Sold to close $SPX Dec 2nd 3630/3650 call spreads for 19.10, to avoid any possible dump into the close. Iron Condors bought last Wednesday for 16.00; sold today for a total of 20.35.
#SPX1dte Expected to expire: 3575/3595-3710/3730 condors, sold yesterday for .90.
VIX
TSLA
#ShortPuts – I normally wouldn’t get quite this aggressive but next week’s look pretty safe so taking advantage of the drop today and selling right at the expected move.
Sold TSLA DEC 24 2020 460.0 Put @ 9.80
LABU, BTC December 18, 35…
LABU, BTC December 18, 35 puts at .05, Sold at 1.90, not much chance of getting assigned but with over 2 weeks to go why not take the risk off the table for .05 cents.
#shortputs FCEL Sold Jan. 15,…
#shortputs #coveredcalls FCEL
Sold Jan. 15, 5.5 put for .72. FCEL down 18% today to 7.39.
#tastytradefollow
Bought 100 shares and sold a Dec. 18, 7 call for 6.00
#closing PYPL Following the good…
#longcallspread HD Bought a Jan….
Bought a Jan. 15, 270/280 call spread for 4.38.
This is a “TP says” pick from TastyTrade. He has 4 trades each week, I follow some. Like anyone else, he is right sometimes.
PYPL, BTC December 18, 170…
PYPL, BTC December 18, 170 put at .27, sold at 1.61
TSLA (Diagonal Jade Lizard?)
#JadeLizards – Not sure what this is really called. Selling a call spread two weeks out and a put one week out. No upside risk and possibly allowing an extra put sale the second week. Slightly bullish overall…
Sold TSLA DEC 11 2020 475.0 Put @ 3.40
Sold TSLA DEC 18 2020 590.0/595.0 Bear Call Spread @ 1.67
WBA
Since March the 50 Day MA has acted as resistance. Now the stock is above the 50Day. Hopefully it will now act as support.
AMD, BTC January 15, 70…
AMD, BTC January 15, 70 puts at .34, sold at 1.10
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Dec 7th 3635/3655-3665/3685 iron condors for 15.65, with SPX at 3659. Forgot to buy this one yesterday.
NVDA
#ShortPuts – This was originally a pretty conservative sale. Rolling up for a little more credit as it tries to break above the 50ma. Still outside the expected move.
Rolled NVDA DEC 18 2020 450.0 Put to DEC 18 2020 490 Put @ 2.60 credit (5.80 total now)
ZM put spread
Sold 1/15 360/350 bull put spread @ 2.60
GDXJ, BTC February 40 put…
GDXJ, BTC February 40 put at .62, sold at 1.05
I am thinking that Bitcoin may be replacing gold as an asset class. I do own 100 shares of GBTC and have a monster profit of $286.00
ZM
#ShortStrangles – Just to hopefully take advantage of the big selloff a little more rolling a put in and up to get to expiration sooner. New sale is at the expected move and offset by the earlier call sale.
Rolled ZM DEC 31 2020 325.0 Put to DEC 18 2020 360.0 Put @ 1.40 credit (5.60 total now)
VXX Contango special result
Bought to close all of my VXX Dec 04 2020 16.00 Diagonal puts @ 0.01. They won’t trade any lower.
On 11/27 I sold these while buying VXX Jun 21 2021 6.0 Puts @ 0.03 Credit. So now I’m left with more “free” long puts with 198 days until expiration.
Normal Contango drift down in VXX should take care of the long position.
Or consider it a lottery ticket.
Will repeat this kind of trade for next week too.
TQQQ
STO December 11, 160 put at 6.20,
GDXJ
#ShortPuts – Got well over half of this with a long way to go. Looking for a re-entry at some point.
Bought to Close GDXJ JAN 15 2021 42.0 Puts @ .29 (sold for .90)
ZM
#ShortStrangles – Selling against various short puts. 2 times the expected move and above the 20 and 50 day moving averages.
Sold ZM DEC 11 2020 500.0 Call @ 2.40
SPY Call Roll
Bought to Close 1 SPY Dec 02 2020 358 Call / Sold to Open 1 SPY Dec 09 2020 359 Call @ 0.45 Credit plus a 1 point higher strike.
At some point I’m going to have to roll my long Dec 18 2020 355.0 calls forward.
SPX 7-dte
#SPX7dte Sold to close $SPX Dec 2nd 3620/3600 put spreads for 1.25. Banking on 3630/3650 call side to make the bulk of profit. Condors bought last Wednesday for 16.00.
TDOC BWB – closeout
STC TDOC Dec 04, 192.5 / 185.0 / 172.5 Broken Wing Put Butterfly @ $1.50 credit.
Received a $0.78 credit when opening the trade (Nov 12) so a combined credit of $2.28.
SPX 1-dte
#SPX1dte Sold to Open (right after closing bell) $SPX Dec 2nd 3575/3595-3710/3730 iron condors for .90, SPX close at 3661, IV 13.6%, deltas: -.06, +.06
VXX Diagonal Call spreads
To balance out a large number of short put spreads, turning them into Condors.
Bought to Open VXX Jan 15 2021 43 Calls / Sold to Open VXX Dec 11 2020 19.5 Calls at $0.07 Credit.
Bought to Open VXX Jan 15 2021 45 Calls / Sold to Open VXX Dec 11 2020 20 Calls at $0.08 Credit.
Bought to Open VXX Jan 15 2021 50 Calls / Sold to Open VXX Dec 11 2020 20.5 Calls at $0.07 Credit.
Bought to Open VXX Jan 15 2021 55 Calls / Sold to Open VXX Dec 04 2020 18.5 Calls at $0.02 Credit.
GOOGL BUPS Partial Close (No Not the GOO part)
Markets
INMD, Sto December 18, 45…
INMD, Sto December 18, 45 put at 2.05, stock breaking out.
MRNA
#shortstrangles Legged into an MRNA strangle. STO yesterday Jan 110 put for 6. Blowoff move looks overdone. They just added new strikes for Friday’s expo . STO Dec04 230 call for 2.40
TSLA ZM
#ShortPuts – Closing the rally and selling the implosion…
Bought to Close TSLA DEC 11 2020 400.0 Put @ .69 (sold for 4.25)
Sold ZM DEC 31 2020 325.0 Put @ 4.20
#shortputs APPN Sold Dec. 18,…
#shortputs APPN
Sold Dec. 18, 110 put for 3.60. APPN has dropped from around 200 to around 139 since Thanksgiving.
ZM Earnings
#ShortStrangles #Earnings – Good enough…
Bought to Close ZM DEC 4 2020 380/600 Strangle @ 2.95 (sold for 6.50)
SPY Bear Diagonal Spread
Sold 1 SPY 12/04/2020 367.0 Call / Bought 1 SPY 12/14/2020 380.0 Call @ 1.72 Credit.
SPY at 365.80
WBA early roll
Bought to close WBA 12/04/2020 40.50 Covered Calls @ 0.10. Sold these on 11/27 @ 0.29.
Replaced them with short WBA 11/11/2020 40.50 Covered Calls @ 0.32.
WBA is at 38.90
ZM post earnings
#ShortPuts – Early on this…
Sold ZM DEC 11 2020 375.0 Put @ 5.00
Update on NIO Covered Call Strategy
https://coveredcallswithjeff.wordpress.com/2020/12/01/update-on-nio-covered-call-strategy-after-77-days-unrealized-profit-of-15175-roi-of-83-5-or-396-annualized/
Update on STE Covered Call Strategy after 180 Days
#coveredcalls $STE
https://coveredcallswithjeff.wordpress.com/2020/12/01/covered-call-strategy-on-ste-after-180-days-unrealized-profit-of-10045-32-6-roi-or-66-annualized/
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