QS

www.businesswire.com/news/home/20210331005943/en/

LABU NVDA SPY TAN TQQQ

#ShortPuts – Nasdaq futures right up against resistance so taking a little off the table.

LABU: A few more expiring tomorrow. Have to see where they end up.
Bought to Close LABU APR 1 2021 70.0 Put @ .30 (sold for 2.50)

NVDA: Over half 30 days early. I’ll try to get back in on a down day for pre earnings.
Bought to Close NVDA APR 30 2021 475.0 Put @ 4.10 (sold for 9.75)

SPY: Around half 50 days early.
Bought to Close SPY MAY 21 2021 360.0 Put @ 2.30 (sold for 4.31)
Bought to Close SPY MAY 21 2021 355.0 Put @ 1.95 (sold for 4.10)

TAN: Wild ride in this one.
Bought to Close TAN APR 16 2021 80.0 Puts @ .64 (sold for 1.70)

TQQQ: Taking it early.
Bought to Close TQQQ APR 30 2021 65.0 Put @ .87 (sold for 3.00)

SPX 1 dte

#SPX1dte Expected to expire worthless: $SPX Mar 31st 3880/3900-4020/4040 iron condors, sold yesterday for 1.05

Sold to Open $SPX Apr 1st 3905/3925-4035/4055 iron condors for 1.15, SPX at 3988, IV 13.05%, deltas -.07 +.07

#spx7dte, #spx7dtelong

MRVL Puts

#shortputs
$MRVL STO 4/1 48.50 put at .32
$MRVL STO 4/9 48.50 put at .98

UVXY Roll

Bought to close UVXY Apr 01 2021 6.5 Puts / Sold to Open UVXY Apr 09 2021 6.5 Puts at $0.19 Credit
Bought to close UVXY Apr 01 2021 7.0 Puts / Sold to Open UVXY Apr 09 2021 7.0 Puts at $0.13 Credit

TLRY Put Rolldowns

Bought to Close TLRY Apr 01 2021 25.0 Puts / Sold to Open TLRY Apr 09 2021 24.0 Puts at 0.05 Credit.
Bought to Close TLRY Apr 01 2021 28.0 Puts / Sold to Open TLRY Apr 09 2021 27.5 Puts at 0.05 Credit.

SPY Scalp

Sold SPY Mar 31 2021 399.0 Call Limit at $0.30

XBI

BTO $XBI Apr-01-21 140/Jun-18-21 140 Call Calendar @5.9

The biotech ETF has pulled back to 200 dma and bounced today. like to start building a poor man’s covered call in my IRA.

TAN WYNN MRVL TQQQ Put Close / RIOT WYNN LABU Put Roll

#shortputs
$TAN BTC 4/1 89 put at 1.10. Total credit taken in 2.68. Thank you @fuzzballl
$WYNN BTC 4/1 122 put at .65. STO at 2.13 on Monday
$MRVL BTC 4/1 45 put at .04. STO at 1.00 on 3/26
$TQQQ BTC 4/16 70 put at .83. STO at 1.70.
$RIOT BTC 4/1 60 put and STO 4/9 59 put at even
$WYNN BTC 4/1 136 put and STO 4/16 134 put at .40 debit.
$LABU BTC 4/1 80 put and STO 4/9 77 put at .40 added credit

VXX Put Rolldown

Rolled VXX Apr 01 2021 13.5 Puts down to VXX APR 16 2021 13.0 Puts @ 0.09 Credit and a $0.50 lower strike.

VXX Contango Special

Bought to Open VXX Jun 18 2021 8.0 Puts / Sold to Open VXX Apr 09 2021 11.0 Puts at $0.11 Credit
VXX at 11.60
Short DTE = 10
Long DTE = 80

#VXXContango

EWZ Put Close / MARA Put

#shortputs
$EWZ STO 4/16 28 put at .10. STO at .71. Thank you @fuzzballl
$MARA STO 4/1 43 put at 1.20

SPX trades

#SPX7dteLong Bought to Open $SPX Apr 5th 3930/3950-3960/3980 iron condors for 16.10, with SPX at 3956.

#SPX1dte trade will be posted in the comments.

VXX Calls and Puts

Sold VXX Apr 09 2021 14.0 Calls at $0.26
Sold VXX Apr 01 2021 11.5 Puts at $0.16

Bought VXX Jan 21 2022 4.0 Puts Limit at $0.05

TLRY Diagonal Calls

In a bid to improve my short Bull put positions I’m entering some Call spreads, daring the stock to go up.
Bought to open TLRY Apr 23 2021 42.0 Calls / Sold to Open TLRY Apr 01 2021 23.0 Calls at $0.04 Credit.
TLRY = 21.50
Short DTE = 2
Long DTE = 24

Assigned on NUE…..evaluating dividend capture strategy on series of stocks to see if it is scalable…

https://coveredcallswithjeff.wordpress.com/2021/03/30/assigned-on-nue-covered-call-profit-of-240-in-6-days-1-return-on-capital-or-44-annualized/

#assignment, #dividendcapture, #sleepatnight

LABU May

Sold to open $LABU May 21 45 puts @ 2.60

VXX Calls

Sold VXX 04/01/2021 13.0 Diagonal Calls @ 0.31 & 0.34

These expire Thursday

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Apr 1st 3950/3970-3980/4000 iron condors for 15.60, with SPX at 3972. This one only 3 days out, as Friday is Good Friday holiday and market is closed.

VIAC Puts

Sold VIAC 04/01/2021 35.0 Put @ 0.39
Sold VIAC 04/09/2021 35.0 Put @ 0.65

#tqqq btc TQQQ 16 APR…

#tqqq
btc TQQQ 16 APR 21 70 PUT @1.05 sto 1.81
btc TQQQ 16 APR 21 65 PUT @.65 sto 1.50
btc TQQQ (Weeklys) 9 APR 21 65 PUT @.31 sto 1.61
btcTQQQ (Weeklys) 30 APR 21 55 PUT @.64 sto 1.60
btc TQQQ 100 (Weeklys) 9 APR 21 75 PUT @.99 sto 2.60

reload another day
reduce risk

V

BTO $V May-21-21 215/Apr-01-21 215 Call Calendar @ 5.1

Saw some heavy buying and selling by funds last week, could be part of rebalancing. Like the bouncing off 200 dma. Earning on 4/23. Will roll the short calls if threatened. The long call should be free in a few weeks if V hanging here.

GME

BTO $GME Apr-01-21 180/Apr-09-21 180 Put Calendar @ 13.08

Theoretical breakeven range 130-230, max profit 110%, will start scaling out from 25%.

TQQQ,

BTC April 16, 70 puts at 1.28, sold at 1.68
BTC April 16, 65 puts at .76, sold at 1.20

TQQQ,

BTC May 7, 60 puts at 1.35, these were sold at 1.40 on Friday
BTC May 7, 65 puts at 2.00, I also sold these at 2.20 in my IRA. I don’t like this market right now.

TQQQ,

STO June 18, 110 call at 3.35

LABU Diagonal Put

Bought to open 1 LABU Apr 30 2021 40.0 Put / Sold to Open 1 LABU Apr 01 2021 60.0 Put at 0.40 Credit.
LABU = 71
Short DTE = 3 (no trading Friday)
Long DTE = 32

TQQQ

#ShortPuts – Position had gotten pretty small so throwing one out at the back of the ladder.

Sold TQQQ MAY 7 2021 70.0 Put @ 2.85

SPXit

#SPX7dteLong Sold to close $SPX Mar 29th 3945/3965 call spreads for 10.00. Going to look for a low to sell put side.
Condors bought for 15.80 last Tuesday.

VIAC Diagonal Put

Bought to open 1 VIAC Apr 16 2021 30.0 Put / Sold to open 1 VIAC Apr 01 2021 40.0 Put @ 0.71 Credit

Assigned on SDC

https://coveredcallswithjeff.wordpress.com/2021/03/29/assigned-on-sdc-in-401k-profit-660-in-14-days-2-1-return-or-55-8-annualized/

#sdc, #coveredcalls

MARA Put Roll / Expiration / Assigned (I keep staring at first three letters)

#shortputs
$MARA BTC 3/26 42 put and STO 4/16 39 put at added 60 credit and 3 lower if assigned

#optionsexpiration
$TQQQ 110 Call Thank you @jsd501

#assigned
$WYNN 140 put
$PENN 111 put
$NIO 35 call
$SNOW 215 call Too bad I rolled down yesterday from $230. C’est la guerre

Have a pleasant weekend. Thanks to all who toil in @jeffcp66‘s wonderful vineyard.

SPX Calendar

Wow, can’t ask for a better close. Thought it would have been another side way day and took a walk and missed that round trip excitement. No complaints, some of my near total loss option trades turned out as decent winners.

If this completes the bottoming of the /NQ, next week could be a very nice week for the longs.

On the $SPX Mar-29-21 3950/Mar-26-21 3950 Call Calendar, bought at @ 3.9 and added at 2.35 on Wednesday. Scaled out at 4.9-10, average 183% profit.

OptionsExpiration

Expired:
=Calls=
LABU Mar 26 2021 105.0 Diagonal Call
LABU Mar 26 2021 110.0 Diagonal Call
SLB Mar 26 2021 30.0 Diagonal Calls
TLRY Mar 26 2021 29.0 Diagonal Call
TLRY Mar 26 2021 29.5 Diagonal Call
TLRY Mar 26 2021 30.0 Diagonal Call
VXX Mar 26 2021 13.0/32.0 Bear Call Spreads
VXX Mar 26 2021 13.5/32.0 Bear Call Spreads

=Puts=
GME Mar 26 2021 10.0/50.0 Bull Puts Spread
GME Mar 26 2021 80.0 Diagonal Put
LABU Mar 26 2021 70.0 Diagonal Put
SPY Mar 26 2021 385.0 Diagonal Put
TQQQ Mar 26 2021 76.0 Diagonal Put
WFC Mar 26 2021 37.5 Diagonal Puts

Assignments:
WFC Mar 26 2021 31.0 Covered Calls

SPX trades

#SPX7dteLong Sold to close $SPX 3940/3960 call spreads for 7.10. Combine with puts this morning, 12.10 in sales for 3.70 loss.

More coming in comments

#speculation, #spx1dte

VXX Call Rollups

Bought to close VXX Mar 26 2021 13.0 Calls / Sold to Open VXX Apr 01 2021 13.5 Calls at $0.19 Credit
Bought to close VXX Mar 26 2021 13.5 Calls / Sold to Open VXX Apr 01 2021 14.0 Calls at $0.15 Credit
**Partial positions

TQQQ,

STO May 7, 65 puts at 2.20 in my IRA
STO May 7, 60 puts at 1.40 in my trading account.

BIIB SLV UVXY

#ShortPuts #CoveredCalls – Cleaning up a few annoying positions this week.

BIIB: Stock being called away at 260.0 (basis 269.0) Pretty good recovery from the Nov 4th craziness. Replacing with a pre-earnings put sale.
Sold BIIB APR 16 2021 260.0 Put @ 4.30

SLV: Not worth holding on to. Taking the small loss.
Sold SLV Shares @ 23.23 (basis 23.90)

UVXY: Position sizes are small enough now I’m letting the hedge go. A loss but that is typical for my hedges.
Stock will be called away @ 5.50 (basis 6.77)

GME

#postERScalping
$GME Mar-26-21 160/Apr-01-21 160 Call Calendar bought at 9 on Wednesday, sold at 11.5-12.9, average 30% return.

TLRY Put Roll

Bought to close TLRY Mar 26 2021 25.0 Puts / Sold to Open TLRY Apr 01 2021 25.0 Puts @ 0.49 Credit

GME Spread Roll

On Wednesday I sold 1 GME Mar 26 2021 250 / 200 Bear Call Spread at $1.37 Credit after earnings with GME at 150.
Now that the stock is up to the 200 short strike I’m rolling the entire spread up.
Bought to close 1 GME Mar 26 2021 250.0/200.0 Bear Call Spread @ $6.57 Debit and
Sold to open 1 GME Apr 01 2021 300.0/250.0 Bear Call Spread @ $6.86 Credit.

I’ll have to wait another week but the short strike is 50 points higher.
Meanwhile I have short strike 80 and 50 puts expiring today.

TQQQ Put Close / MRVL LABU Put / TAN Put Roll

#shortputs
$TQQQ BTC 4/1 75 put at .50. STO at 1.55. Thank you @fuzzballl
$MRVL STO 4/1 45 put at 1.00
$LABU STO 4/1 65 put at 1.51 Thank you @optioniceman
$TAN BTC 3/26 90 put and STO 4/1 89 put at .55 added credit and $1 less if assigned

VXX Calls

Bought to close VXX Mar 26 2021 12.5 Calls Limit at $0.01. They won’t trade any lower.
Sold on 3/23 at an average price of 0.35

AMC Roll

Bought to close AMC Mar 26 2021 15.5 Call / Sold to Open AMC Apr 01 2021 15.5 Call at $0.40 Credit.

SPX exit trades

#SPX7dteLong Looks like a tough day for this one as SPX price currently in the dead zone. Sold to close $SPX March 26th 3930/3910 put spreads for 5.00. Condors bought for 15.80 on Monday. Hopefully will be a bullish day and can get something strong for the call side.

#SPX1dte STOPPED – Bought to close Mar 26th 3950/3970 call spreads for 1.35. Condors sold for 1.10 yesterday. It hit my stop (expected move) but was still closeable at only a small loss. Part of the problem with this one today was I sold it yesterday with 2 hours remaining, and market spiked upward into close. First time I’ve had to stop out of this trade since March 3.

VXX & UVXY Put Rolls

Bought to close UVXY Mar 26 2021 6.5 Puts / Sold to Open UVXY Apr 01 2021 6.5 Puts at $0.18 Credit.

Bought to close VXX Mar 26 2021 13.0 Puts / Sold to Open VXX Apr 01 2021 13.0 Puts at $0.15 Credit.

LABU

Bought to close 1 LABU Mar 26 2021 75.0 Put at $0.97. Sold this on 3/23 @ 1.31.

To replace it I sold to open 1 LABU Apr 01 2021 65.0 Put at $1.27. The new strike is outside the recent trading range and 10 points lower.

AMZN IC

Sold $AMZN 4/16 2900/2910/3250/3260 iron condor @ 3.50. Leaning a bit long with short puts at 26 delta, short calls at 17 delta.

SPX trades

#SPX7dte Bought to Open $SPX Mar 31st 3865/3885-3895/3915 iron condors for 16.45, with SPX at 3890.

Will post #SPX1dte trade in the comments below.

LABU rolldown

Thanks to a nice bounce in LABU today I was able to do a significant rolldown to next week.
Bought to Close 1 LABU Mar 26 2021 80.0 Put / Sold to Open 1 LABU Apr 01 2021 75.0 Put at $0.30 Credit.

Also – Bought to open 1 LABU Apr 23 2021 45.0 Put / Sold to Open 1 LABU Mar 26 2021 70.0 Put @ 0.09 Credit to grab some additional time premium for this week.

I’ve got 105 & 110 short Calls expiring tomorrow as well.

VXX Calls

Rolled down my VXX Mar 26 2021 15.0 Calls to VXX Mar 26 2021 13.0 Calls for a $0.30 additional Credit.

NFLX pre earnings

#ShortPuts – Selling the week before earnings, outside the expected move, below the 200 day, and below recent lows. What could possibly go wrong? 🙂

Sold NFLX APR 16 2021 465.0 Put @ 3.50

AMC

Rolled AMC Mar-26-2021 15 #CoveredCalls // Apr-09-2021 @0.50 credit.

PTON

Roll $PTON Mar-26-2021 120 #CoveredCalls // Apr-16-2021 @2.05 Credit.

SPY

#ShortPuts – Adding to the ladder.

Sold SPY MAY 21 2021 355.0 Put @ 4.10

OSTK

#CoveredCalls – Rolling out and down slightly. Still managing to sell slightly above my basis.

Rolled OSTK MAR 26 2021 68.0 Calls to APR 1 2021 66.0 Calls @ 1.65 credit.

VXX Calls

Rolled down my VXX Mar 26 2021 16.0 Calls to VXX Mar 26 2021 13.5 Calls for a $0.17 additional Credit
Rolled down my VXX Mar 26 2021 15.5 Calls to VXX Mar 26 2021 13.0 Calls for a $0.25 additional Credit.
I’ve got short puts at those strike too so now they are straddles for tomorrow.

ROKU SNOW

#ShortPuts #CoveredCalls – Some fairly aggressive roll downs so that could signal a bottom in some of these. 🙂 🙂 Still long deltas though.

ROKU: Basically a covered call selling against a DITM short put.
Rolled ROKU APR 1 2021 350.0 Call to APR 1 2021 325.0 Call @ 4.20 credit

SNOW: Covered.
Rolled SNOW MAR 26 2021 215.0 Call to APR 1 2021 200.0 Call @ 9.60 credit
Rolled SNOW MAR 26 2021 215.0 Call to APR 1 2021 205.0 Call @ 6.55 credit

Why we do covered calls….

https://coveredcallswithjeff.wordpress.com/2021/03/25/price-decline-in-sdc-smile-direct-club-not-helping/

#sdc, #coveredcalls

Closed Position on MOS….IC rescued CC

https://coveredcallswithjeff.wordpress.com/2021/03/25/closed-mos-covered-call-iron-condor-position-loss-of-80-would-have-been-much-larger-loss-without-ic/

#coveredcalls, #ironcondor

Closed MU Position

#mu, #coveredcalls, #ironcondor

REGN Put

Sold 1 REGN 04/16/2021 410.00 Put @ 1.55.
Strike at last February’s blast off point

REGN

52W Range 424.01 – 664.64

OptionsExpiration

SPY 03/24/2021 395.0 Diagonal Call – Sold @ 1.11 on Monday

SPY

Sold to open 1 SPY Mar 26 2021 385 Put at $1.14.
2 DTE

WIX Call Roll

#coveredcalls
$WIX BTC 4/16 320 call and STO 4/16 300 call at added credit of 3.80

VXX Calls

Sold VXX Mar 26 2021 13 Calls Net Credit at $0.18
VXX at 12.50

NVDA pre earnings

#ShortPuts – Jumping back in this one. Selling near the expected move and around recent lows. This should be one or two weeks prior to earnings. Filled immediately at slightly better than mid so can probably do better.

Sold NVDA APR 30 2021 475.0 Put @ 9.75

TQQQ,

STO April 23, 110 calls at .95
STO April 30, 110 calls at 1.30

MRVL Put Close

#shortputs
$MRVL BTC 4/16 46 put at 1.80. STO at 6.66

TQQQ

Sold to open $TQQQ 4/23 70 puts @ 2.20

O.T.

I guess most everyone in in their bunker because i don’t see much trading going on here or in the other sites that I follow.

SPX Calendar

BTO Mar-29-21 3950/Mar-26-21 3950 Call Calendar @ 3.9

GME Calls

Bought to open 1 GME Mar 26 2021 250 Call / Sold to Open 1 GME Mar 26 2021 200 Call at $1.37 Credit.
GME is at 150.
No additional Margin because I was already short a 30/80 put spread with the same requirements.
Maybe the earnings report brought home a bit of reality for the crazy bullish traders.

TQQQ

#ShortPuts – Bought to Close TQQQ APR 16 2021 65.0 Put @ .88 (sold for 3.35)

LAZR

#ShortPuts – A little more size reduction.

Bought to Close LAZR APR 9 2021 27.0 Puts @ 1.72 (sold for 2.15)