Expiration

#optionsexpiration
$NVDA 545 call
$PEP 148 call
$NUGT 90 call
$TQQQ 130 put
$NIO 54 put
$NIO 56.5 put

#assignment
$NIO 55 call
$PLTR 25.5 put

Expire

TSLA Jan-01-2021 680/690 #BuPS Was STO @1.25 1/4/2021.

OptionsExpiration

EXPIRED:
ADS 01/08/2021 77.50 Diagonal Calls
VXX 01/08/2021 23.0 Diagonal Calls
VXX 01/08/2021 24.0 Diagonal Calls

GILD 01/08/2021 56.0 Diagonal Puts
GILD 01/08/2021 55.50 Diagonal Puts
TQQQ 01/08/2021 145.0 Diagonal Puts
TQQQ 01/08/2021 155.0 Diagonal Put

ASSIGNMENTS:
SLB 01/08/2021 19.50 Covered Calls – dumping part of some long stock purchased several years ago at much higher prices. Redeploying the resulting cash.
WBA 01/08/2021 41.0 Covered Call – stock bought 05/07 @ 40.53. Got plenty of covered writes plus a bumch of dividends.

PSTH FVRR LAZR Puts Closed / NFLX BUPS Partial Close

#shortputs
$PSTH BTC 1/15 25 put at .05. STO at 1.60
$FVRR BTC 1/15 210 put at 1.80. STO at 11.70
$LAZR BTC 1/15 25 put at .10. STO at 3.30

#bups$NFLX BTC 1/15 470/480 BUPS at .60. STO at 3.40

SPX trades

#SPX1dte Sold to Open $SPX Jan 11th 3700/3720-3870/3890 iron condors for 1.00, with SPX at 3816, IV 11.3%, deltas -.06, +.06.

#spx7dtelong

VLDR

#ShortPuts – Gave up on getting the rest of the 17.5s. Added a little higher.

Sold VLDR FEB 19 2021 20.0 Puts @ 1.75

VXX Diagonal Strangles

Sold to open VXX 01/15/2021 15.50 Puts @ 0.22
Sold to Open VXX 01/15/2020 19.50 Calls @ 0.29

Sold to open VXX 01/15/2021 15.00 Puts @ 0.09
Sold to Open VXX 01/15/2020 20.00 Calls @ 0.26

SLB – two Profits

Bought to close SLB 01/08/2021 25.0 Calls @ 0.01 – Sold this week at 0.38.
Sold to close SLB 01/15/2021 25.0 Calls @ 0.48 – Bought to open a long time ago @ 0.09 as part of an old Diagonal Call Spread

VXX – Diagonal strangle covered

Bought to close 01/08/2021 19.00 Calls @ 0.01
Bought to close 01/08/2020 16.00 Puts @ 0.01.

Looking to reload for next week.

Closing today’s SPX

Bought to close the adjusted position, now 1/8 3765/3790/3805/3830 iron condor @ 9.215 for a modest loss.
Original premium from 3640/3665/3805/3830: 4.05 credit
Rolled put spread side to 3760/3735: 2.00 credit
Rolled put spread side to 3790/3765: 2.30 credit
Total credit taken in: 8.35
Debit to close: 9.215
Loss: .865

Considering where /ES was overnight, I’m lucky to be out for this close to breakeven.

#closing #ironcondor RCL Dec. 7,…

#closing #ironcondor RCL

Dec. 7, sold Jan. 15, 60/65/95/100 for 1.53, bought today for .20

LULU

Rolled $LULU Jan-08-2021 330/340 #BuPS // Jan-21-2021 @1.12
Holding $LULU Jan-15-2021 320/330 #BuPS (STO @1.56 on 1/4/2021)

NIO T Puts / BIDU PLTR MARA Calls Rolled

#shortputs
$NIO STO 1/8 56.50 put at .50. Replacing stock that might get called away today
$T STO 2/19 29 put at 1.05.
#coveredcalls
$BIDU BTC 1/8 215 call and STO 1/15 222.5 call at added credit of .30. Stock at 220.24
$PLTR BTC 1/8 25 call and STO 1/15 26.5 call at debit of .24. Stock at 25.92
$MARA BTC 2/19 20 call and STO 6/15 30 call at added credit of 1.33. Stock at 26.63.

TQQQ

Bought to close TQQQ Jan 08 2021 200 Calls at $0.01.
Sold these as Diagonal Calls at $0.55 on 12/31.
#TripleDip on my long 220.0 Calls

OSTK

#CoveredCalls – Small position. Rolling but maintaining some downside hedge.

Rolled OSTK JAN 8 2021 52.0 Calls to JAN 15 2021 52.0 Calls @ 1.10 credit

VXX Calls

Bought to close VXX Jan 08 2021 20.5 Calls @ 0.01. Sold Monday at $0.26.
Bought to close VXX Jan 08 2021 21.0 Calls @ 0.01. Sold Monday at $0.23.
Bought to close VXX Jan 08 2021 21.5 Calls @ 0.01. Sold Monday at $0.21.

ADSK

Sold 2/19 280 put @ 3.10. Earnings not expected until after Feb expiration. Delta 14.

SPY Rolls

Bought to close 1 SPY Jan 08 2021 375.0 Call / Sold to Open 1 SPY Jan 15 2021 377.0 Call @ $0.26 Credit while pushing the strike price up 2 points.
Bought to close 1 SPY Jan 08 2021 374.0 Call / Sold to Open 1 SPY Jan 13 2021 375.0 Call @ $0.14 Credit while pushing the strike price up 1 point.

TSLA’s rocket ship move (up over 20% this week alone) continues to power the SPY ever higher 😦

REGN

#ShortPuts – This is in an account I’m working back to all cash to begin a roll to TDA next week. Age 59.5 is finally here and will happily have everything in one spot now. Nice bounce. Will be looking to get back in prior to earnings…

Bought to Close REGN JAN 15 2021 450.0 Put @ .70 (sold for 4.20)

VLDR

#ShortPuts – Sold Feb at the open so taking Jan profits on the bounce now.

Bought to Close VLDR JAN 15 2021 20.0 Puts @ .15 (sold for 1.00)

PLTR

#ShortPuts – This one has been borderline the entire time so taking it here.

Bought to Close PLTR JAN 8 2021 25.5 Puts @ .30 (sold for 1.00)

VLDR

ShortPuts – Partial fill at the open. Better than nothing I guess.

Sold VLDR FEB 19 2021 17.5 Puts @ 1.00

SPY

In case I’m wrong and the market keeps going up like a SpaceX rocket:
#riskreduction
#ironbutterfly
Closed SPY Jan 15th Butterfly. Net loss 4.10.
Still holding SPX BECS hedged with SPY long call.

SNOW

Not trusting this rally, so:
#shortputs
#riskreduction
BTC SNOW Jan 15th 290 Put for 4.60, STO for 7.00.

December Jobs Report

#Jobs — LOSS of jobs, first time in 8 months.

Loss of -140,000 non-farm payroll jobs, vs. expected gain of 50K
Unemployment at 6.7%, unchanged
U6 unemployment at 11.7%, down by 0.3%
Labor force participation 61.5%, unchanged
Avg hourly earnings +0.8%

Nov jobs revised up by +91K to +245K
Oct jobs revised up by +44K to +654K

Happy New Year everyone!

A few quick updates. Trying to catch up with the group now that the majority of the work for Traders Reserve and Quantculture is done.

Big 2 weeks for my personal accounts. Finally made back all the losses from the Feb 6, 2018 SVXY implosion that took out 3 of my accounts. They are all either at break even or all time highs. I appreciate the group introducing me to SVXY but since then I make sure I know the underlying and what it can or cannot do. Never be short unhedged volatility again!!!

Sometimes expensive lessons are the most painful but also the best teachers. Since then I stick to my mechanics and had an across the board 60.8% return for 2020 including the market puke in March.

With that said I am trading 6 active accounts each with up to 7-10 positions so posting them would take me hours.

Going forward will just point out really juicy trades that I see.

The Russian virus took out quantculture.com already. We have a back up working on Linux but will probably be a few weeks before it is functional again. Stay tuned, there will be some really useful tools coming in the future. The robot is back up and trading but to be honest has not been that successful. It keeps buying too expensive options. We are tweaking it to trade spreads or at least find the cheapest option or go out farther in time to reduce the theta decay/drag. That should work and also improve its winning %. Will update once it is optimized.

Stay healthy! Hope 2021 is good to everyone. Get your Covid vaccines when you can but expect some side effects. It creates a fairly massive immune response. I just had muscle aches on round 1. I hear round 2 is worse but it could save your life or someone you know. Staff had headaches, muscle aches, fatigue, low grade fevers, and nausea. All resolved in 24 hours.

Cheers!