https://coveredcallswithjeff.wordpress.com/2021/02/11/covered-call-on-nio-unrealized-profit-of-56870/
Daily Archives: Thursday, February 11, 2021
Closed Covered Call position on DXCM prior to earnings announcement after hours. Profit of $4,252.
https://coveredcallswithjeff.wordpress.com/2021/02/11/closed-out-dxcm-cc-profit-of-4252/
PINS post earnings
#ShortPuts – Got well over half a month early.
Bought to Close PINS MAR 5 2021 70.0 Puts @ .48 (sold for 1.40)
Bought to Close PINS MAR 19 2021 65.0 Puts @ .56 (sold for 1.25)
SPX trades
#SPX7dteLong Bought to Open $SPX Feb 17th 3885/3905-3915/3925 iron condors for 15.90, SPX at 3910.
#SPX1dte Sold to Open $SPX Feb 12th 3825/3845-3955/3975 iron condors for .95, SPX at 3914, IV 12.55%, delta -.06 +.06
DDOG earnings
#JadeLizards #Earnings – Playing it for a down move. No upside risk.
Sold DDOG FEB 12 2021 108.0/118.0/120.0 Jade Lizard @ 2.30
LAZR
#ShortPuts – Taking a few off a week early.
Bought to Close LAZR FEB 19 2021 27.0 Puts @ .12 (sold for 1.30)
SPX 1 DTE
#spx1dte
$SPX STO 2/12 3830/3850/3975/3955 IC at 1.20. SPX at 3909
CRWD and CGC overnight trade
Both have elevated IVs for tomorrow’s expiration.
BTO $CRWD Feb-12-21 245/Feb-19-21 240 Call Diagonal @ 5.55 , b/e range 238-265
BTO $CGC Feb-12-21 42/Feb-19-21 41 Call Diagonal @ 1.68, b/e 38.6- 48.2 Thanks @ramie77 for his post on the IV.
max profit if they land on the short strikes, 70-100%
$CGC March put spread
$CGC has been sold off hard with the sector, down over 20% today. IV high (rank 42). I would normally sell short puts below support here as selling momentum has slowed with the stock around 41. The 50 day moving average is around 32-33 so looking at strikes below that. Mar 30 puts have a delta of 14. I could have sold them for 1.30-1.35 but that would eat up a lot of buying power so I’m doing a really wide bull put spread to function as a synthetic short put, selling 3/19 30/20 bull put spread for 1.17, giving up just a bit to cut the buying power by 70%.
VXX Calls
Since my puts are already rolled out I’m starting new call positions to pair up with them.
Bought to open VXX Mar 19 2021 50.0 Calls/ Sold to Open VXX Feb 19 2021 20.0 Calls at $0.15 Credit.
Once my buy orders for this week’s calls start filling at a penny, I’ll sell more for next week.
ZM,
BTC February 19, 395 put at 2.27, sold at 12.10
VXX Put Rolls
Rolled VXX 02/12/2021 22.00 Puts to 02/19/2021 22.00 Puts for 0.20 Credit
Rolled VXX 02/12/2021 21.00 Puts to 02/19/2021 21.00 Puts for 0.25 Credit
Rolled VXX 02/12/2021 19.50 Puts to 02/19/2021 19.50 Puts for 0.30 Credit
Rolled VXX 02/12/2021 19.00 Puts to 02/19/2021 19.00 Puts for 0.35 Credit.
Not enough strength in VXX to roll any of them down this week, but not a bad cash flow for only 5 more trading days (Presidents Day holiday next Monday)
I’m expecting to cover all this week’s paired up short calls by early tomorrow.
ZM NNDM Puts Closed
#shortputs
$ZM BTC 2/12 395 put at .10. STO at 5.90 Thank you @jsd501
$NNDM BTC 2/19 12.50 put at .10. STO at 2.75
PLTR Earnings
#ShortPuts #Earnings – Earnings Tue before the open so starting a position now. Hopefully add on more weakness today or tomorrow. Going out an extra week for the sales.
Sold PLTR FEB 26 2021 27.5 Put @ .99
Sold PLTR FEB 26 2021 28.0 Put @ 1.06
Sold PLTR FEB 26 2021 29.0 Put @ 1.36
Sold PLTR FEB 26 2021 30.0 Put @ 1.73
Sold PLTR FEB 26 2021 30.5 Put @ 2.01
EDIT: Added 27.5 and 30.5 strikes. 27.60 basis if all assigned.
BABA
Chart looks good so STO March 19, 250 puts at 4.45 and BTO Broken wing butterfly.
March 19, 275/290/295 at 4.05
CYBR Earnings
#ShortPuts #Earnings #OneNightStand – Bought to Close CYBR FEB 19 2021 145.0 Put @ .40 (sold for 2.10)
AMC
TLRY
Sold to open TLRY 02/12/2021 80/100 Bear Call spreads @ 0.53 Credit.
TLRY at 43 and gave up all the 20 points it gained yesterday.
These pair off with the Put spreads I did yesterday giving me a short Iron Condor spread
GME Puts
Bought to close GME 02/12/2021 19.00 Puts @ 0.01. Sold these on 02/04 at 0.40 & 0.46
Bought to close GME 02/12/2021 20.00 Puts @ 0.01. Sold these on 02/04 at 0.52,0.54 & 0.83
