VIX

30.82 high today before pulling back and closing down on the day.
Pretty nice double top and not quite as high as yesterday’s 31.16 peak

Expirations

#optionsexpirations
$GME 140/150 BECS
$GME 150/160 BECS
$MRVL 52.5 call

#assignment
$T 29.50 put
$NVDA 550 put

GME calendar

$GME Feb-26-21 100/Mar-05-21 100 Put Calendar was bought @15.45 yesterday.

First exit @$20, and the rest got stopped out at 16.5 when the stock hit below 88.

GME closed at 102. Would have been a nice pin if I had held onto them. Woulda-coulda…

Have a nice weekend everyone!

OptionsExpiration

Expired:
SLB 02/26/2021 28.50 Diagonal Calls
SLB 02/26/2021 29.50 Diagonal Calls
SPY 02/26/2021 386.00 Diagonal Call
SPY 02/26/2021 387.00 Diagonal Calls
SPY 02/26/2021 390.00 Diagonal Call
SQQQ 02/26/2021 16.50 Covered Call
WFC 02/26/2021 38.00/40.00 Bear Call spreads

VXX 02/26/2021 18.00 Diagonal Calls
VXX 02/26/2021 19.00 Diagonal Calls
VXX 02/26/2021 19.50 Diagonal Calls
VXX 02/26/2021 23.00 Diagonal Calls

AMC 02/26/2021 6.50 Diagonal Puts
AMC 02/26/2021 6.00 Diagonal Puts

Assignments:
None

TLRY

Rolled down my last short put for this week.
Bought to close 1 TLRY Feb 26 2021 26 Put / Sold to Open 1 TLRY Mar 05 2021 25 Put @ 0.40 Credit

TLRY Win-Win

Closed out another diagonal spread I put on with profits on both sides
Bought to close TLRY 02/26/2021 26.0 Short Calls @ 0.01 – Sold @ 0.90 (avg price) on 02/23
Sold to close TLRY 04/16/2021 70.0 Long Calls @ 0.93 – Bought @ 0.61 (avg price) on 2/23

SPY Put Rolldown

Bought to close 1 SPY Feb 26 2021 377.0 Put at $0.01. Sold @ 1.51 on 02/23.
Sold to Open 1 Contract SPY Mar 05 2021 370.0 Put @ 1.43.
#DoubleDip Sale on my long March 150 Put and 7 points lower

OSTK PLTR SNOW SOXL UVXY

#ShortPuts #CoveredCalls – A little bit of everything today.

OSTK: Rolling out and down a week.
Rolled OSTK FEB 26 2021 77.5 Put to MAR 5 2021 76.0 Put @ .50 credit

PLTR: Rolling out one or two weeks.
Rolled PLTR FEB 26 2021 27.5 Put to MAR 5 2021 27.0 Put @ .02 credit
Rolled PLTR FEB 26 2021 28.0 Put to MAR 12 2021 27.5 Put @ .36 credit
Rolled PLTR FEB 26 2021 29.0 Put to MAR 12 2021 28.5 Put @ .20 credit
Rolled PLTR FEB 26 2021 30.0 Put to MAR 12 2021 30.0 Put @ .55 credit
Rolled PLTR FEB 26 2021 30.5 Put to MAR 12 2021 30.0 Put @ .07 credit

SNOW: Taking assignment and selling DITM covered calls for max downside earnings protection.
Sold SNOW MAR 5 2021 240.0 Call @ 25.50
Sold SNOW MAR 5 2021 240.0/400.0 BeCS @ 25.00 (had to spread it in an IRA)

SOXL: Rolled to a strike that’s 15:1 split friendly.
Rolled SOXL MAR 19 2021 515.0 Put to MAR 19 2021 525.0 Put @ 4.00 credit

UVXY: Covered calls…still holding the hedge picking up some more credit.
Rolled UVXY FEB 26 2021 8.5 Calls to MAR 5 2021 8.5 Calls @ .20 credit

AMC Win-Win

Closed out the diagonal spread I put on yesterday with profits on both sides
Bought to close AMC 02/26/2021 8.0 Short Calls @ 0.13 – Sold @ 0.79
Sold to close AMC 03/26/2021 12.0 Long Calls @ 0.91 – Bought @ 0.77

SPX trades

#SPX1dte Sold to Open $SPX March 1st 3665/3685-3920/3940 iron condors for 1.40, SPX at 3829, IV 19.5%, deltas -.06 +.06

#SPX7dteLong Expiring at max credit of 20.00: Feb 26th 3885/3865 put spreads. Condors bought for 16.35 on Monday

#Speculation Bought to Open $SPX March 5th 3700/3680 put spreads for 2.65.

SPY Rollup

After several rolls laterally I’m finally able to roll this one up.
Bought to close 1 SPY Feb 26 2021 377.0 Call / Sold to Open 1 SPY Mar 03 2021 380.0 Call @ 0.38 Credit

GME 3/5

Sold $GME 3/5 165/175 bear call spread @ 1.50

PLTR ALB WATT ARKK SPY Puts Closed / ARKK TQQQ Puts / MARA Calls Closed / NNDM Put Roll

#shortputs
$PLTR BTC 2/26 28 put at 4.50. STO at 1.19
$PLTR BTC 2/26 29 put at 6.00. STO at 1.49
$PLTR BTC 2/26 25 put at 1.26. STO at 1.20
$ALB BTC 3/19 145 put at 3.80. STO at 10.00
$WATT BTC 3/19 7.50 put at 3.30. STO at 2.70
$ARKK BTC 2/26 125 put at .60. STO at 2.95 Thank you @fuzzballl and @ramie77
$SPY BTC 3/19 135 put at 1.00. STO at 3.59
$ARKK STO 3/19 104.96 put at 1.90
$TQQQ STO 4/16 60 put at 1.90
$TQQQ STO 4/16 60 put at 1.90
$NNDM BTC 3/19 17.50 put and STO 5/21 15 put at cost of 1.43 but would gain $2 if assigned.

#longcalls
$MARA STC 3/19 16 calls at 16. BTO at 4.90.

SLB Call roll

Bought to close SLB Feb 26 2021 27.5 Calls / Sold to Open SLB Mar 05 2021 28.5 Calls @ 0.12 Credit plus another point higher for next week.

I’m expecting my SLB 28.50 and 29.50 short calls for today to expire.

VXX Call Rolls

Even though today’s VXX calls would have expired I couldn’t pass up the great premiums for next week while waiting for this weeks calls to roll off.
Bought to close VXX 02/26/2021 20.0 Calls @ 0.09. Sold these @ 0.23 earlier this week.
Bought to close VXX 02/26/2021 21.0 Calls @ 0.06. Sold these @ 0.19 earlier this week.
Bought to close VXX 02/26/2021 22.0 Calls @ 0.04. Sold these @ 0.15 earlier this week.

Replaced all the above with options 2 points higher in strike. (Hopefully that is enough)
Sold VXX 03/05/2021 22.0 Calls @ 0.61
Sold VXX 03/05/2021 23.0 Calls @ 0.58
Sold VXX 03/05/2021 24.0 Calls @ 0.56.

VXX peaked at 17.29

PTON

Roll $PTON Feb-26-2021 130 #CoveredCalls // Mar-05-2021 @1.15 Credit.
Roll $PTON Mar-05-2021 130/140 #BuPS // Mar-19-2021 129/139 #BuPS @1.34 Debit.

VXX Puts closed

Bought to close VXX Feb 26 2021 15 Puts Limit at $0.01. Sold these on a rolldown last Friday at 0.50

SPX 1-dte

#SPX1dte Bought to close $SPX 3700/3680 put spreads for .35. Condors sold yesterday for 1.35. Protecting from any possible big drop today.

ABNB ENPH

BTC $ABNB Mar-05-2021 150/160 #BuPS @0.20. Was STO @1.85 on 2/8.
STO $ENPH Mar-19-2021 195 #CoveredCalls @5.5. Basis now 178.95 Stock at a measly 164.5.

TQQQ,

BTC Feb. 26, 70 puts at .02, sold at 2.65

Doing my best to pare, protect and figure out how to protect the capital and make money in a down market…..

https://coveredcallswithjeff.wordpress.com/2021/02/26/trying-to-protect-versus-making-more/