For 2/12:
$GME 85/90 bear call spread
$GME 15 puts (I now have free long Mar 6 puts that were financed by this short put; thanks @optioniceman)
$TQQQ 52.50 puts–thanks @jsd501
Have a great long weekend everyone.
#OptionsExpiration
Monthly Archives: February 2021
Expiration
#optionsexpiration
$SPX 1 DTE 3830/3850-3955/3975 STO at 1.20 @jeffcp66 Thanks for teaching me how to fish.
$PLTR 40 call
$LAZR 26 put
$WYNN 96 put
$RIOT 22 put
$TWTR 52.5 put Thank you for the lizard @fuzzy.
SPXpire & GME
#SPX1dte Expiring: $SPX Feb 12th 3825/3845-3955/3975 condors, sold yesterday for 1.00.
Skipped selling one for Tuesday.
Expired: $GME Feb 12th 15 puts, sold last week for .50.
SOXL TSLA ZM
#ShortPuts #ShortStrangles – A few last second fills.
SOXL: Booking it and hoping for some weakness to get back in.
Bought to Close SOXL FEB 19 2021 495.0 Put @ .50 (sold for 3.50)
TSLA: Selling against a short put to set up a short strangle
Sold TSLA FEB 19 2021 920.0 Call @ 1.75 (730/920 @ 7.25 now)
ZM: Booking it early and hoping for some weakness to get back in for earnings.
Bought to Close ZM FEB 26 2021 355.0 Put @ 1.05 (sold for 4.00)
VRM Put Close / NFLX BUPS Close
#shortputs
$VRM BTC 2/19 35 put at .05. STO at 1.45
#bups
$NFLX BTC 2/19 515/530 BUPS at .80. STO at 5.85
Closed GME iron fly
Bought to close 2/12 45/50/55 iron fly @ 1.85, taking a 2.00 profit out. Should have closed earlier today and got lucky.
ADBE
BTC $ADBE Feb-19-2021 455/465 #BuPS @0.17. Opened as part of a roll on 1/14 which was done at 1.10 credit. Original Sale was $1.25 So, $2.18 total premium collected.
PENN BUPS Close
#bups
$PENN BTC 2/19 80/80 BUPS at .05. STO at 1.81.
MRO Call rollup
Bought to close MRO 02/12/2021 8.50 Covered Calls / Sold 02/19/2021 9.00 Covered Calls @ 0.02 Credit.
I’ll let the stock go next Friday if it is above 9.0
VXX and UVXY Put Rolldowns
Rolled VXX 02/12/2021 17.00 Puts to 02/19/2021 16.50 Puts for 0.02 Credit
Rolled VXX 02/12/2021 16.50 Puts to 02/19/2021 16.00 Puts for 0.10 Credit
Rolled VXX 02/12/2021 16.00 Puts to 02/19/2021 15.50 Puts for 0.12 Credit
Rolled UVXY 02/12/2021 10.00 Puts to 02/19/2021 9.50 Puts for 0.06 Credit.
The extra 0.50 lower on all the strike prices is more significant than the the cash inflow for 4 more trading days
But the cash is also nice.
PTON
BTC $PTON Feb-19-2021 120/130 #BuPS @0.12 – was STO @1.35 on 2/5.
Stock still hanging in there.
PINS
#ShortPuts – Small starter to stay involved in this one.
Sold PINS MAR 12 2021 75.0 Puts @ 1.65
LAZR NFLX
#ShortPuts – A couple fills while I was out. Reducing size a little.
Bought to Close LAZR FEB 26 2021 25.0 Puts @ .20 (sold for 1.70)
Bought to Close LAZR FEB 26 2021 27.0 Put @ .35 (sold for 1.90)
Bought to Close NFLX FEB 19 2021 525.0 Put @ 1.30 (sold for 6.20)
NEO Call Roll / AKAM Put / LGVW MRNA NIO VLDR DOCU Put Closed / PLTR Put Roll
#coveredcalls
$NEO BTC 2/19 60 call and STO 3/19 65 call at added credit of .92
#shortputs
$AKAM STO 3/5 95 put at 1.20
$LGVW BTC 2/19 17.50 put at .05. STO at 1.72
$MRNA BTC 2/19 125 put at .10. STO at 1.85 Thank you @fuzzballl
$NIO BTC 2/12 57.50 put at .10. STO at 2.45
$PLTR BTC 2/12 35 put and STO 2/19 32.50 put at added credit of .24 and would gain 2.50 if assigned
$VLDR BTC 2/19 22.50 put at 1.00. STO at 2.95
$DOCU BTC 2/19 235 put at .05. STO at 6.30. Thanks @jsd501
TLRY pre earnings
#ShortPuts – Thanks @Iceman for drawing my attention to this one. Selling a week or two before earnings and near recent lows.
Sold TLRY FEB 26 2021 21.0 Puts@ 1.03
TLRY Roll down
Bought to close TLRY Feb 12 2021 37.0 Puts / Sold to Open TLRY Feb 19 2021 31.0 Puts @ 0.05 Credit.
Pushed the short strike down 6 points with the stock at 34.30
VXX Calls Closed
Bought to close VXX 02/12/2021 18.50 Diagonal Calls @ 0.01. Sold these at 0.16, 0.18 & 0.30
DDOG
#ShortPuts – A rare down day for any stock so adding another one.
Sold DDOG MAR 12 2021 100.0 Put @ 2.50
BIIB
#CoveredCalls – Keeping some downside cushion in this one.
Rolled BIIB FEB 12 2021 260.0 Call to MAR 19 2021 260.0 Call @ 6.80 credit
UVXY
#CoveredCalls – Will be assigned stock at 10.08 after legging out of bull put spreads. Selling the calls against the position today. Decent little hedge now for next week.
Sold to Close UVXY FEB 12 2021 10.5 Puts @ .70 (leaving short side 11.5s for assignment)
Sold UVXY FEB 19 2021 10.5 Calls @ .52
DDOG earnings and post earnings
#ShortPuts #Earnings #JadeLizards – Stock is down Lizard is good and adding a new position.
Bought to Close DDOG FEB 12 2021 108.0/118.0/120.0 Jade Lizard @ .50 (sold for 2.30)
Sold DDOG MAR 19 2021 95.0 Put @ 2.00
SNOW
#ShortPuts #ShortStrangles – Rolling put to a strangle out to next week.
Rolled SNOW FEB 12 2021 310.0 Put to FEB 19 2021 305.0 Put @ 2.25 credit
Sold SNOW FEB 19 2021 330.0 Call @ 2.70
Position is now Feb 19th 305/330 Strangle @ 11.45
LAZR
#ShortPuts – Replacing positions closed yeasterday.
Sold LAZR MAR 12 2021 27.0 Puts @ 1.50
Sold LAZR MAR 12 2021 28.0 Puts @ 1.80
QS
#ShortPuts – Adding to a position I’ve been rolling down for quite awhile.
Sold QS FEB 19 2021 50.0 Put @ 4.00
VXX Calls Closed
Bought to close VXX 02/12/2021 19.00 Diagonal Calls @ 0.01
Bought to close VXX 02/12/2021 19.50 Diagonal Calls @ 0.01
SPX7dte
#SPX7dteLong Sold to close $SPX Feb 12th 3875/3895-3905/3925 condors for 12.15. Bought on Monday for 15.25.
Taking the loss early rather than trying to ride the swings. A 3.10 hit is easier to stomach that what can get much bigger if I don’t exit it right.
Covered Call on NIO – Update and Progress – Interesting ride!
https://coveredcallswithjeff.wordpress.com/2021/02/11/covered-call-on-nio-unrealized-profit-of-56870/
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
$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
CYBR Earnings
#ShortPuts – Digging deep here to find something. Going out a week.
Sold CYBR FEB 19 2021 145.0 Put @ 2.10
SPXpire
#SPX1dte Expired: $SPX Feb 10th 3840/3860-3960/3980 condors, sold yesterday for .95.
#SPX7dteLong Expiring with max credit of 20.00: Feb 10th 3865/3885 call spreads. Condors bought last Thursday for 15.70
TLRY
Bought to open TLRY Mar 19 2021 14 Put / Sold to Open 1 TLRY Feb 12 2021 38 Put @ 0.05 Credit
Bought to open TLRY Mar 19 2021 13 Put / Sold to Open 1 TLRY Feb 12 2021 37 Put @ 0.10 Credit
TLRY up 20 @ 62
Just playing around a little with a new name
Will need strikes higher than 100 on the call side before I play those
AYX is down 15%
STO AYX Mar19’21 100 PUT @1.79
AKAM down 11%
STO AKAM Mar19’21 92.5 PUT @1.10
GME Puts closed
Bought to close 02/12/2021 16.0 Diagonal Puts @ 0.01. They won’t trade any lower.
Sold these on 02/04 @ 0.46 & 0.47
AVLR Put Closed
#shortputs
$AVLR BTC 2/19 at 1.20. STO at 6.30. Thank you @jsd501
GME 2/12 pin
$GME Volume and Open Interest very high at the 50 strikes for this week. Looking to play a pin at 50 with a 2/12 45/50/55 iron fly. Sold for 3.85.
TQQQ,
STO March 19, 70 put at 1.55
SPY Rollup
Bought to close 1 SPY Feb 10 2021 385 Call / Sold to Open 1 SPY Feb 12 2021 386 Call @ 0.02 Credit but pushed the short up a point for only 2 more days to expiration.
TQQQ
#ShortPuts – Sold TQQQ MAR 19 2021 80.0 Put @ 2.60
VXX Calls
Used the temporary spike in VXX to 17 to sell some diagonal calls against Feb and March long positions still in the account from old spreads.
#DoubleDip
Sold VXX 02/12/2021 20.0 Calls @ 0.14
Sold VXX 02/12/2021 19.50 Calls @ 0.14
Sold VXX 02/12/2021 19.0 Calls @ 0.18 & 0.23
Sold VXX 02/12/2021 18.50 Calls @ 0.18 & 0.30
Sold VXX 02/12/2021 18.00 Calls @ 0.25, 0.30 & 0.35
TQQQ
#ShortPuts – Sold TQQQ MAR 5 2021 90.0 Put @ 2.30
TWTR Earnings
#JadeLizards #Earnings – Taking the small winner.
Bought to Close TWTR FEB 12 2021 52.5/60.5/61.5 Jade Lizards @ 1.00 (sold for 1.40)
Closed BuPS on PINS
https://coveredcallswithjeff.wordpress.com/2021/02/09/closing-bups-on-pins-profit-1051-in-27-days-return-on-capital-of-21-or-284-annualized/
Iron Condor on CHWY
This is only the second or third Iron Condor I have traded…..based on Tastytrade recommendation.
https://coveredcallswithjeff.wordpress.com/2021/02/09/chwy-iron-condor-mar-19-75-95-125-145-net-credit-5-29/
AYX Puts Closed
#shortputs
$AYX BTC 2/19 150 put at 16.73. STO at average price of 26.50 Thank you @jsd501
TWTR Earnings
#JadeLizards #Earnings – I rarely trade this but taking a shot here. Playing it to the downside with no upside risk.
Sold TWTR FEB 12 2021 52.5/60.5/61.5 Jade Lizards @ 1.40
SPX trades
#SPX7dteLong Bought to Open $SPX Feb 16th 3895/3915-3925/3945 iron condors for 15.60, with SPX at 3917.
SOXL,
STO March 19, 490 put at 25.80 with stock at 596
VXX Contango Special
Bought to open VXX Jun 18 2021 9 Puts / Sold to Open VXX Feb 12 2021 16.0 Puts @ 0.03 Credit.
Short DTE = 3
Long DTE = 129
#VXXContango
TSLA
#ShortPuts – Going for the quickie. Selling almost 2x the expected move and below the 50ma.
Sold TSLA FEB 19 2021 700.0 Put @ 4.36
SOXL
#ShortPuts – In and out of this a couple times already. Probably ride this one into next week hoping it takes some heat for a better March sale. 15:1 split on March 1st.
Sold SOXL FEB 19 2021 495.0 Put @ 3.50
SNOW
#ShortStraddles #ShortPuts – Booking the straddle and re-selling just the put side. Eliminating upside risk. Very rollable especially as earnings approaches.
Bought to Close SNOW FEB 12 2021 325.0/325.0 Straddle @ 25.20 ( sold for 51.80)
Sold SNOW FEB 12 2021 310.0 Put @ 6.50
PLTR Strangle
#shortstrangles
$PLTR STO 2/12 35/40 strangle at 1.06
NNDM Puts Closed
#shortputs
$NNDM BTC 2/19 12.5 puts at .10. STO at 2.75. Leaving some to expire
NVDA Early
BTC $NVDA Feb-19-2020 490/500 #BuPS @0.12. Was STO @1.50 as part of a roll on 1/25.
SNOW call it pre-earnings now
#ShortPuts – Rolling up for additional credit. Earnings finally confirmed for March 3rd.
Rolled SNOW FEB 26 2021 275.0 Put to FEB 26 2021 295.0 Put @ 5.45 credit (12.95 total now)
PLTR
#ShortPuts – Sold these before I knew what the earnings date was. Taking them here and looking for something new next week. Earnings on the 16th before the open.
Bought to Close PLTR FEB 26 2021 24.0 Put @ .30 (sold for .95)
Bought to Close PLTR FEB 26 2021 25.0 Put @ .38 (sold for 1.22)
Bought to Close PLTR FEB 26 2021 26.0 Put @ .50 (sold for 1.53)
COUP
#ShortPuts – Big run. Looking for some weakness for earnings now.
Bought to Close COUP FEB 26 2021 285.0 Put @ .40 (sold for 4.20)
Options Bistro 