Reddit…Wallstreetbets….GME, AMC

www.cnbc.com/2021/01/27/reddit-group-wallstreetbets-behind-massive-gamestop-amc-run-ups-goes-private-invitation-required.html

#earnings #ironcondor AAPL Sold March…

#earnings #ironcondor AAPL #jadelizard AAL

AAPL Sold March 19, 115/125/165/175 for 3.15
AAL Sold Feb. 19, 17/17/19 for 2.35

Both #tastytradefollow

VXX

  • last one

Bought to open 1 VXX Mar 19 2021 45.0 Call / Sold to Open 1 VXX Feb 05 2021 22.0 Call @ 0.25 Credit.
The short strike is a point higher than my last trade for the same net credit.

At the same time I am liquidating my remaining VXX 03/19/2021 65.0 Long Calls (left over from old diagonal spreads) @ 0.86.
Acquired these on 01/14/2021 @ 0.34.

Downside Warning taking effect at the close

#VIXIndicator Over 25% higher at the close means new Downside Warning… we are likely to see lower prices in the coming days or weeks.

SPY

#ShortPuts – Adding one below the 200 day.

Sold SPY MAR 19 2021 325.0 Put @ 4.00

TQQQ

#ShortPuts – Didn’t last long. Was completely out for about 24 hours. Starting a little ladder. These are filling better than mid price also.

Sold TQQQ FEB 26 2021 70.0 Put @ 2.40
Sold TQQQ MAR 5 2021 65.0 Put @ 2.56
Sold TQQQ MAR 19 2021 60.0 Put @ 2.70

VXX again

Tiptoeing into next week’s short calls with another position:
Bought to open 1 VXX Mar 19 2021 45.0 Call / Sold to Open 1 VXX Feb 05 2021 21.0 Call @ 0.25 Credit.
The short strike is a point higher than my last trade for the same net credit.

At the same time I am liquidating 1/2 of my remaining VXX 03/19/2021 65.0 Long Calls (left over from old diagonal spreads) @ 0.62.
Acquired these on 01/14/2021 @ 0.34.

PTON,

Stock looks like it is breaking down so, I did a combo trade for March 19.
BTO 145 put x1
STO 130 put x2
BTO 125 put X1
I did this for a debit of 4.80

From Reuters

https://www.reuters.com/article/gamestop-white-house/white-house-monitoring-situation-involving-gamestop-other-firms-idUSW1N2JO04B

From the article:
Shares of both GameStop and AMC Entertainment Holdings more than doubled on Wednesday, forcing hedge funds to take heavy losses and sparking calls for scrutiny of anonymous stock market trading posts on social media.

Are they serious????? Aren’t all posts on social media pretty much anonymous? Do any of you know who I am? Unbelievable.

SPX trades

#SPX1dte STOPPED: bought to close $SPX Jan 27th 3780/3760 put spreads for 3.90. Condors sold yesterday for 1.05. I have been riding this one up and down all day, from 9.00 to about 2.50, then back to 9.00.

#SPX7dteLong Expecting full credit of +20.00 on 3855/3835 put spreads. Condors bought for 15.60 last Thursday.

So between the two strategies came out 1.55 ahead on the day.

New CC on KBH

First time taking a position with home builders. Good dividend coming up on Feb 3. Plan is to hold and roll for a few months.

#coveredcall

XRT

#LongPuts – Taking @Ramie ‘s idea. Buying an at the money LEAP put and selling weekly against it.

Bought XRT JAN 21 2022 90.0 Put @ 17.77
Sold XRT FEB 5 2021 75.0 Put @ 2.22

VXX

Tiptoeing into next week’s short calls
Bought to open 1 VXX Mar 19 2021 45.0 Call / Sold to Open 1 VXX Feb 05 2021 20.0 Call @ 0.25 Credit.
Got over a point for the strike 20 short.

At the same time I am liquidating 1/3 of my VXX 03/19/2021 65.0 Long Calls (left over from old diagonal spreads) @ 0.40.
Acquired these on 01/11/2021 @ 0.36.

TSLA Earnings

#JadeLizards – Wasn’t really sure what to do so figured play it lower with the Lizard. Need at least a 30 -40 point pullback. No upside risk.

Sold TSLA JAN 29 2021 725.0/850.0/852.5 Jade Lizard @ 3.25

ABNB BWB

STC 185/190/192.5 BWB for 2.25.
The trade started with a 190 call calendar for 4.45, rolled into BWB for 4.7 credit. total profit ~ 55%

GME put calendar

BTO 1/29 2/5 100 Put calendar for 15.4, break even, theoretically 55 -300 .

Still holding the 70 put calendar opened the other day, when GME was at 70, and it only lost 20%.

TQQQ, BTC the 100 puts,…

TQQQ, BTC the 100 puts, now 50 puts at .01, sold at 1.85, now 92.5
These are the January 29 expiration

GME 1/29 adjustment

Against my in the money 1/29 195/200 bear call spread, sold 1/29 195/190 bull put spread for 2.00. Total premium in 1/29 now 4.00.

Looking at XRT

As a more stable way to get short GME, which has now become too big a percentage of the holdings (6% now?). Maybe some bear call spreads in Feb or March.

#tqqq SOLD TQQQ 19 MAR…

#tqqq

SOLD TQQQ 19 MAR 21 50 PUT @1.22

#tqqq SOLD TQQQ 5 MAR…

#tqqq

SOLD TQQQ 5 MAR 21 70 PUT @2.51

TDA Message

AMC is next…

Screenshot (2)

Closing FSLY

Bought to close $FSLY 2/19 80/70 bull put spread @ .50. Sold for 3.62 on 1/7.

GME adjustment

Sold $GME 2/19 135/125 bull put spread @ 5.00, against the 190/200 bear call spread I sold yesterday for 1.50. Total premium 6.50, reducing max loss on this one to 3.50. Will likely do another roll to minimize or possibly eliminate the loss.

SPY Calls

#coveredcalls
$SPY STO 1/27 380 calls at 1.35

PINS

BTC $PINS 75/80 #BuPS @4.75 was STO @3.2 on 1/12/2021

Tried to roll, but wasn’t getting any fills. Small position, thankfully.

GME Long Put

dumped at a profit
Sold GME 02/05/2021 12.0 Put @ 0.22.
Bought this @ 0.10 as part of a diagonal put spread last week where the short put expired on Friday

LULU

Roll $LULU Jan-29-2021 330/340 #BuPS // Feb-19-2021 @0.95 Debit. Was STO @1.25.

Everything seems slow this morning. Wondering if East Coast VZ issues are persisting from yesterday.

VXX Put Rolldowns

Rolled down all my in the money puts in VXX a half point plus brought in cash for next week.

Rolled VXX 01/29 22.50 Puts to 02/05 22.0 Puts @ 0.05 Credit
Rolled VXX 01/29 21.50 Puts to 02/05 21.0 Puts @ 0.10 Credit
Rolled VXX 01/29 20.00 Puts to 02/05 19.50 Puts @ 0.25 Credit
Rolled VXX 01/29 19.50 Puts to 02/05 19.0 Puts @ 0.14 Credit

A sizeable lowering of risk on the put side while keeping my VXX short diagonal strangles in place.

TQQQ,

STO March 19, 50 puts at 1.30

GME

Took a page out of the @ramie77 playbook from yesterday and trying a straight BCS.
Bought to Open 1 GME Jan 29 2021 320.0 Call / Sold to Open 1 GME Jan 29 2021 310 Call at $2.00 Credit.

SPY

#ShortPuts – Starter position out in March. Outside the expected move and at the 200 day.

Sold SPY MAR 19 2021 335.0 Put @ 4.22

SPY Rolls

Bought to close 1 SPY Jan 27 2021 380.0 Call / Sold to Open 1 SPY Feb 03 2021 383.0 Call @ 1.05 Credit plus 3 points higher on the short strike.
Bought to close 1 SPY Jan 27 2021 379.0 Call / Sold to Open 1 SPY Feb 01 2021 381.0 Call @ 0.63 Credit plus 2 points higher on the short strike.
Bought to close 1 SPY Jan 27 2021 374.0 Call / Sold to Open 1 SPY Feb 03 2021 376.0 Call @ 0.67 Credit plus 2 points higher on the short strike.