GME Covered Call

2nd time for this strategy in an IRA account with 100% cash.
Bought 100 GME @ 103.71
Sold 1 GME Feb 05 2021 40.0 Covered Calls @ 65.71.
Net Debit is $38.00
Looking for this to be assigned Friday to get the $200 profit


#Earnings – Just what I was afraid of. TOS wasn’t even close. Puts sold today will probably be immediately underwater tomorrow due to the IV increase.

DENVER–(BUSINESS WIRE)– Palantir Technologies Inc. (NYSE: PLTR) announced today that results for its fourth quarter and fiscal year ended December 31, 2020 will be released on Tuesday, February 16, 2021, prior to the open of the U.S. markets. The Company will host a conference call to discuss its results at 6:00am MT / 8:00am ET.

I sold Feb 26 so it will be interesting to see how they are affected…

GameStop stock plunge leaves newbie traders to reckon with heavy losses – The Washington Post

The Reddit forum that helped kick off the frenzy has given way to anxiety, financial bloodshed and infighting: This is not a “Disney ferry ‘One-Wish-comes-true’ show,” one poster said. “This is the place where one wants to enjoy the sado-masochistic part of the [expletive] capitalistic system we are living in.”
— Read on


BTC NVDA Feb-05-2021 490/500 #BuPS @0.16. Was STO @1.75 on 1/21/2021
STO NVDA Feb-26-2021 485/495 #BuPS @2.00
Holding Feb-12 and Feb-19 490/500 #BuPS


#ShortPuts – Adding…had to go up a couple strikes to get my full position.

Sold LAZR FEB 26 2021 27.0 Put @ 1.90


$DKNG BTC 2/19 45/50 BUPS at .37. STO at 1.50

New CC on DHI

I got tired of chasing BYND stock in a covered call strategy….too much daily movement….something a bit more conservative….

#dhi, #coveredcalls


$LABU BTC 2/19 60 put at .10. STO at 2.15
$TQQQ BTC 2/12 52.5 put at .10. STO at .80
$NNDM BTC 2/19 12.5 put at .60. STO at 2.75 Partial
$ZS BTC 2/19 165 put at .80. STO at 7.00 Thank you @jsd501. You can get better close now.

$NVDA BTC 2/5 500/520 BUPS at 1.20. STO at 6.08

SPX trades

#SPX7dteLong Bought to Open $SPX Feb 8th 3810/3830-3840/3860 iron condors for 16.85, with SPX 3837.



#ShortPuts – Nice move so I’ll take the one day gain. Might re-enter on a pullback to the 50ma.

Bought to Close CRM FEB 19 2021 220.0 Put @ 1.68 (sold for 4.80)


#ShortPuts – Jumping back in this one. Total guess on an earnings date. TOS is estimating mid March but based on last quarter it could be mid Feb. Nothing on the company website yet. Sold all of these in a single trade and it filled better than the mid.

Sold PLTR FEB 26 2021 24.0 Put @ .95
Sold PLTR FEB 26 2021 25.0 Put @ 1.22
Sold PLTR FEB 26 2021 26.0 Put @ 1.53

VXX Puts

new #VXXContango special
Bought to open VXX Jan 21 2022 6.0 Puts / Sold to Open VXX Feb 05 2021 17.5 Puts @ 0.06 Credit
VXX = 18.30
Short DTE = 3
Long DTE = 353


from Zerohedge

GME Surges 85% ‘Off The Lows’ After Robinhood Lifts Trading Restrictions

“…in all my 6 days of trading, I have never seen anything like this…”

.. as attention now seems to be shifting to biotechs where names like VXRT, DVAX and BCRX sharply higher today.

SPY Call Spread

Bought to open 1 SPY Feb 26 2021 393.0 Call / Sold to Open 1 SPY Feb 05 2021 383.0 Call @ 0.04 Credit.
A 2 day move from 370 to 382 may be a bit overdone.
Just trying to pick up a long with a bit longer life than the calls I already own so I can write against it a few more times.

FSLY pre-earnings

#ShortPuts – Selling week before earnings at the 50 day.

Sold FSLY FEB 12 2021 95.0 Puts @ 1.70


BTC February 5, 52.5 puts at .01, sold at 1.75

AMC Puts

Bought to open AMC Mar 19 2021 2.0 Puts / Sold to Open AMC Feb 05 2021 5.0 Puts @ 0.22 Credit
Bought to open AMC Jun 18 2021 2.0 Puts / Sold to Open AMC Feb 05 2021 5.0 Puts @ 0.07 Credit
I may have been a bit early but I can roll the shorts if I have to.


BTC February 5, 55 puts at .01, sold at 1.85


#ShortStrangles #ShortStraddles -Been rolling these around for quite awhile just collecting premium. A little aggressive with my last call rolldown so taking it back up to a short straddle.

Rolled SNOW FEB 5 2021 300.0 Call to FEB 5 2021 325.0 Call @ 6.95 debit

Now short Feb 5th 325 straddle @ 43.85

GME riding the crash

Sold $GME 2/5 170/180 bear call spread @ 1.20