XRT

https://www.zerohedge.com/markets/gamestop-distortion-sparks-massive-collapse-retail-etf-assets

Expiration

$AMC Jan-29-2021 14 #CoveredCalls, STO today @1.52.

Happy weekend all!

Expiration

#optionsexpiration

$DKNG 60 call
$WYNN 106 call
$NOK 6 call
$DKNG 58.5 call
$DKNG 57.5 call
$FDX 242.5
$TQQQ 62.5 put Thank you @jsd501 (Hope the shot went well)
$RKT 20 put
$PENN 95 put

OptionsExpiration

Expired:
SLB Jan 29 2021 23.50 Diagonals Calls
SLB Jan 29 2021 24.00 Diagonals Calls
SLB Jan 29 2021 24.50 Diagonals Calls

SPY Jan 29 2021 383.0 Diagonal Call
SPY Jan 29 2021 385.0 Diagonal Call

SQQQ Jan 29 2021 17.0 Covered Call

XRT Jan 29 2021 95.0 Diagonal Call

VXX Jan 29 2021 15.0 Diagonal Puts – #VXXContango
VXX Jan 29 2021 15.5 Diagonal Puts – #VXXContango

Assignments:
GME Jan 29 2021 50.0 Covered Call (a one day trade)

A very interesting week 🙂

SPX trades

#SPX1dte Sold to Open $SPX Feb 1st 3540/3560-3825/3845 iron condors for 1.25, SPX at 3726, IV 22.5%, deltas -.06,+.06

Expiring: Jan 29th 3660/3680-3870/3890 condors, sold yesterday for 1.15

#SPX7dteLong Expiring for max credit of 20.00: Jan 29th 3855/3835 put spreads. Condors bought for 16.55 on Monday

GME Diagonal Puts

Bought to open GME Feb 26 2021 5.0 Puts / Sold GME Feb 05 2021 15.0 Puts @ 0.05 Credit.
Stock at 315
Just hoping to pick up a long put with a longer expiration date for free.
GME eventually implodes once the #wallstreetbets crowd sees something else shiny

VXX major Call Rollups

Bought VXX Jan 29 2021 18.5 Calls / Sold to Open VXX Feb 05 2021 20.0 Calls @ 0.05 Credit – short 1.50 higher
Bought VXX Jan 29 2021 19.0 Calls / Sold to Open VXX Feb 05 2021 21.0 Calls @ 0.09 Credit – short 2.00 higher
Bought VXX Jan 29 2021 19.5 Calls / Sold to Open VXX Feb 05 2021 23.0 Calls @ 0.28 Credit – short 3.50 higher
Bought VXX Jan 29 2021 20.0 Calls / Sold to Open VXX Feb 05 2021 25.0 Calls @ 0.53 Credit – short 5.00 higher
Bought VXX Jan 29 2021 20.5 Calls / Sold to Open VXX Feb 05 2021 26.0 Calls @ 0.45 Credit – short 5.50 higher.

Done with VXX for this week.

Weird trade on GME

I was trying to game this a little (yeah yeah I know). With the spreads getting better that they were yesterday I decided to sell an iron butterfly for next week but legged into them to see if I could get more than the spread width, or match. It. Got filled on the $GME 2/5 195/190 bull put spread @ 2.62 and the 195/200 bear call spread @ 2.36, so total premium 4.98. Basically a free trade with a very narrow window/probability of profit. But I may be able to get out early in the week if the stock comes back down to 200. We’ll see.

GME

Damn – glad to be out of this
Bought to Close 1 GME Jan 29 2021 310 Call / Sold to Close GME Jan 29 2021 320 Call @ 1.00 Net Debit.
Since I put the spread on at a 2.00 point Credit, I’m thrilled with the $100 gain.

Very lucky this week 🙂 🙂 . Made $$ on all three of my GME Bear Call spreads.

AMC covered straddle

Market is mispriced? Bought stock at 12.99, STO March19 13 straddle for 14.65. Free money?

AMC

Opened a Feb19 8/15 Covered strangle for 3.90 debit.

LAZR

ShortPuts – Adding one.

Sold LAZR FEB 26 2021 25.0 Put @ 1.75

GME Puts closed

Bought to close GME 01/29/2021 31.0 Puts @ 0.01.
Sold these at 0.40 as part of a diagonal spread.

XRT

Greetings all. Been off for a little bit. Y’all may be onto this already. Given all the hoopla over GME price action, I just realized that XRT has an IVR of 88 and with an IV of 108. The IV is actually higher than TQQQs right now. One may consider this trade over GME. STO March 65 put for 2.65 in an IRA. Trying to get a 115/65/60 reverse lizard filled in a non-qual. acct.

BIIB

#CoveredCalls – Gonna hang on to it another week with earnings and maybe get a pullback. A day late on this roll. I hate pre-market news!

Rolled BIIB JAN 29 2021 257.5 Call to FEB 5 2021 257.5 Call @ 1.05 credit

GME Question

Why hasn’t the GME board authorized the issuance of a massive number of new shares to pay down all of it’s debt and put billions in the bank like Tesla has done multiple times?

PINS

#BullPutSpreads #CoveredCalls – A little early here too but just wanted to have it done and set.

Original trade was super bullish ITM BuPS playing directionally selling 80/75 @ 3.20 (direction obviously ain’t my thing 🙂 ) Earnings next week so nice premium to roll into.

Sold PINS JAN 29 2021 75.0 Puts @ 6.80 (leaving short for assignment)
Sold PINS FEB 5 2021 65.0 Calls @ 8.20 (will be covered after assignment)

New position is now stock @ a 61.80 basis covered @ 65. This will be my original 3.20 profit goal if called away next week.

TQQQ

#ShortPuts – Adding to the calendar ladder. Was early on this one.

Sold TQQQ FEB 19 2021 75.0 Put @ 2.80

SPY

#ShortPuts – Adding to the ladder well below the 200 day.

Sold SPY MAR 19 2021 315.0 Put @ 4.10

XRT

#LongPuts – More scalping. Now hoping for a huge GME rally into the close to get back in.

Bought 10 XRT JAN 21 2022 90.0 Puts @ 17.50 and 17.00
Sold 7 XRT JAN 21 2022 90.0 Puts @ 18.75 (rest of partial fill from earlier)

Bought 5 XRT JAN 21 2022 90.0 Puts @ 16.50 (filled at the open)
Sold 5 XRT JAN 21 2022 90.0 Puts @ 18.75

TSLA

below 800 for the first time since 01/07.
The shorts are winning on this one

GME Puts

Bought to close GME 02/05/2021 7.0 Puts @ 0.01. They won’t trade any lower.
Sold yesterday @ 0.25

I may try to resell.

AMC

BTO $AMC Jan-29-2021 14 #CoveredCalls @13.00

Edited to add: Small Position. Likely lots of risk. Not suggesting follows.

SLV

STO SLV 2/12 25/27/28 Jade Lizard for 1.42 . break even 23.6, about 50 ema, max return 6% of the risk

BuPS and short puts

STO today
SQ 5 Mar 190/185 for 1.32
DDD 5 Feb 37P for 2.90
SLV 19 Feb 25P for 1.56
SPCE 5 Feb 46P for 6.15

XRT

FWIW
The XRT 95 call expiring today is 0.70 bid / 1.00 ask with the stock at 88.40.

XRT

#LongPuts – Scalping around a bigger postion.

Bought 10 XRT JAN 21 2022 90.0 Puts @ 17.50 and 17.00
Sold 3 XRT JAN 21 2022 90.0 Puts @ 19.00 (partial fill)

WFC Calls

Bought to close WFC JAN 29 2021 $32.50 CALLS @ 0.01. Sold at 0.28 on a rollup last Friday
Bought to close WFC JAN 29 2021 $32.00 CALLS @ 0.01. Sold at 0.72 on a rollup last Friday.

O.T. I am leaving to…

O.T. I am leaving to get my vaccine shot over in Miami in a bit but my thoughts and prayers are with the hedge funds. See you next Monday.

GME Crazy

Sold to open GME Jul 16 2021 2.0 Puts at $0.37
Yes that is the correct strike price.
#GMECrazy

ps: today’s range on the option is 0.01 to 0.37
The wonder of limit orders.

WFC Covered Rollup

Rolled this week’s WFC 30.5 Covered Call up to next week’s 31.5 Covered Call @ 0.02 Credit.
This stock’s Ex-Dividend is 2/4

NVDA pre earnings

#ShortPuts – Selling the week prior. A little aggressive just inside the expected move but premium will be good if a roll is needed.

Sold NVDA FEB 19 2021 480.0 Put @ 7.50

SLB Covered Roll

Bought to close SLB Jan 29 2021 20.5 Calls / Sold to Open SLB Feb 05 2021 20.5 Calls @ 0.17 Credit.
I’ll keep rolling until the 2/16 Ex-Dividend date. At that point the call buyers will probably exercise that week’s covered call early taking me out of this stock in this account.

GME Bear Call spread

Bought to Open 1 GME Feb 05 2021 530.0 Call / Sold to Open 1 GME Feb 05 2021 520.0 Call @ at $2.50 Credit.
Seems like a decent chance of of making the profit since the short call is above all the trading so far.

GME Puts

Bought to close GME JAN 29 2021 $30.0 PUTS @ 0.01. Finally!!
It won’t trade any lower.
Sold @ 0.90 earlier in the week as part of a diagonal spread.
I now own the lottery ticket long put for free.