TQQQ

#ShortPuts – Another fill earlier…

Sold TQQQ FEB 19 2021 95.0 Put @ 2.20

SPX trades

Wow, what a wild day to start the year.

#SPX7dte Sold to close $SPX Jan 4th 3730/3710 put spreads for 19.30. Condors bought for 14.25 on Wednesday.

#SPX1dte – Got stopped out of call side the same day I placed the condor (Thursday), and now getting stopped out of 3665/3645 put side. Holding on now for a bounce to make the exit cheap.

SPX BECS Hedge Using SPY Long Call

Took advantage of the pullback to buy some cheap insurance for my SPX BECS.
BTO 1 Contract SPY Jan 29th 385 Call for 1.10. Paying $110 now reduced my planned exit max risk from $1000 to $575, almost cutting it in half. Max profit now is $1715.

Come to think of it, since the new SPY call expires after my SPY butterfly, it is sort of an extra hedge for that position too.

New SPX P&L Diagram:

Jan 29th SPX BECS With SPY Call Hedge

TQQQ, STO February 5 105…

TQQQ, STO February 5 105 put at 1.75

SPY Butterfly Risk Reduction

Took advantage of the early rally to rollup the lowest put and eliminate downside risk. Then, took advantage of the pullback to squeeze the upside of the butterfly to reduce upside risk.

Original Butterfly Strikes:
334 / 357 / 380
New Butterfly Strikes:
344 / 357 / 377

Still targeting between $500 and $1000 profit, new max risk is $534 (only to the upside).

Fans of Butterfly trading and of Gavin Mcmaster may recognize this as a “Reverse Harvey” adjustment. Here’s a reference for anyone interested:

Butterfly Course Part 12 – Adjustments!

New P&L Diagram:

Jan 2021 SPY Put Butterfly Squeezed

TQQQ, In my IRA, STO…

TQQQ, In my IRA, STO February 19, 100 puts at 2.60

TQQQ

#ShortPuts – Adding at a lower strike…

Sold TQQQ FEB 19 2021 100.0 Put @ 2.20

TQQQ

@ShortPuts – Thanks @jsd501 for the idea. Going out to Feb for a starter. At the time mid price was 2.25 and I was filled immediately at 2.40 so give it some room.

Sold TQQQ FEB 19 2021 105.0 Put @ 2.40

TQQQ,

STO February 5, 110 puts at 1.85

TQQQ,

STO January 29, 120 puts at 1.65

NFLX RH

#ShortStrangles – A roll and an adjustment…

NFLX: Rolling a week for additional premium.
Rolled NFLX JAN 8 2021 485.0/585.0 Strangle to JAN 15 2021 485.0/585.0 Strangle @ 3.10 credit (8.35 total now)

RH: Rolling call side down slightly…
Rolled RH JAN 15 2021 510.0 Call to JAN 15 2021 480.0 Call @ 2.10 credit (410/480 @ 9.05 now)

TQQQ, STO January 22, 125…

TQQQ, STO January 22, 125 puts at 1.05, dipping my toe into the water.

NIO Strangle / PLTR Call / BIDU Call Roll / OSTK Put Roll

#shortstrangles
$NIO STO 1/8 54/55 straddle at 5.38

#coveredcalls
$PLTR STO 1/8 25 call at .40
$BIDU BTC 1/22 225 call and STO 2/5 232.50 at added credit of .30. Stock at 224.60

#shortputs
$OSTK BTC 1/8 55.5 put and STO 1/15 55 put at .50 added credit

VXX Calls

Sold VXX Jan 08 2021 20.5 Calls at $0.26.
Sold VXX Jan 08 2021 21.0 Calls at $0.23.
Sold VXX Jan 08 2021 21.5 Calls at $0.21.
VXX = 17.29 + 0.50
Replaces some calls that expired on 12/31

NFLX pre earnings

#ShortPuts – First one of the new year! Selling below the 50ma and outside the expected move and a week before earnings…

Sold NFLX JAN 15 2021 490.0 Put @ 2.50

SPY Rollups

I was faked out by the pre-market strength so I probably didn’t get the best fills.
At least I pushed the short strikes up a bit but based on what I’m seeing now(10:15), the shorts for today might have both expired
Oh well …..
Bought to close 1 SPY Jan 04 2021 372.0 Call / Sold to Open 1 SPY Jan 11 2021 375.0 Call @ 0.44 Credit.
Bought to close 1 SPY Jan 04 2021 373.0 Call / Sold to Open 1 SPY Jan 13 2021 377.0 Call @ 0.65 Credit.