SPX trades

#SPX1dte Sold to Open $SPX Mar 17th 3870/3890-4020/4040 iron condor for 1.10, SPX at 3965, IV 14.8%, deltas -.06 +.06

#SPX7dteLong Bought to open $SPX Mar 22nd 3940/3960-3970/3990 iron condors for 16.10, with SPX at 3966.

NVDA

#ShortPuts – Replacing the one closed earlier on the bounce. Selling at the expected move, below the 200 day, and near recent lows. Also, well before earnings.

Sold NVDA APR 16 2021 470.0 Put @ 6.40

VXX Calls

One last set of writes against calls already long in the account and due to expire Friday:
VXX Mar 19 2021 14.0 Calls @ $0.27
VXX Mar 19 2021 14.5 Calls @ $0.20
VXX Mar 19 2021 15.0 Calls @ $0.16
VXX Mar 19 2021 15.5 Calls @ $0.12
VXX Mar 19 2021 16.0 Calls @ $0.10

TSLA

BTC $TSLA Mar-19-2021 780/790 #BeCS @0.10 debit
Rolled $TSLA Mar-19-2021 680/690 #BuPS // Mar-26-2021 @0.24 debit
STO $TSLA Mar-26-2021 750/760 #BeCS @1.7 Credit.

TAN

#ShortPuts – Another add…

Sold TAN APR 16 2021 80.0 Put @ 2.00

MARA

#ShortPuts – First time in this one. Staying small…

Sold MARA APR 16 2021 25.0 Puts @ 1.93

SOXL

#ShortPuts – Adding…

Sold SOXL APR 16 2021 35.0 Put @ 3.00

NEO Put Roll / OLLI CC Roll

#shortputs
$NEO BTC 3/19 55 put and STO 4/16 55 put at added credit of 1.30

#coveredcalls
$OLLI BTC 3/19 90 call and STO 4/16 95 call at .30 added cost but gain $5 if called away as consumers start to spend.

AMC

Roll $AMC Mar-19-2021 14 #NakedPuts // Mar-26-2021 @1.10 Credit
Holding Mar-19-2021 14 #CoveredCalls

UVXY

The next split is overdue

Date / Ratio
03/08/2012 — 1 for 6
09/07/2012– 1 for 10
06/10/2013 — 1 for 10
01/24/2014 — 1 for 4
05/20/2015– 1 for 5
07/25/2016– 1 for 5
01/12/2017 — 1 for 5
07/17/2017– 1 for 4
09/18/2018– 1 for 5

UVXY’s Next Reverse Split? My Estimate: July 13th, 2021

GME Put

Sold 1 GME Mar 19 2021 45.0 Put at $0.38

SOXL

#ShortPuts – Don’t want this thing running away so throwing a starter out there for next month. Still sitting on a bunch of 35’s for Friday also.

Sold SOXL APR 16 2021 35.0 Put @ 2.85

LAZR

#ShortPuts – First ever earnings on Thursday. Position got a little too big so taking some before the announcement.

Bought to Close LAZR MAR 19 2021 25.0 Puts @ .28 (sold for 1.35)

TDOC

#ShortPuts – Taking the quickie a month early. Still seeing a lot of overhead resistance.

Bought to Close TDOC APR 16 2021 165.0 Put @ 2.20 (sold for 5.10)

TQQQ,

STO April 16, 65 puts at 120
STO April 16, 70 puts at 1.68
Getting back into some positions. Tech is back in favor.

TAN

#ShortPuts – Making some adjustments on one of my “infrastructure” plays. Taking small profits on nearer term and setting up a starter position at lower strikes. Hoping to really be able to add to it.

Bought to Close TAN MAR 19 2021 90.0 Put @ .55 (sold for 1.31)
Bought to Close TAN MAR 26 2021 90.0 Put @ 1.70 (sold for 1.96)

Sold TAN APR 16 2021 80.0 Puts @ 1.60

NVDA TQQQ

#ShortPuts – Taking a little off for the Fed meeting.

NVDA: Wild ride on this one.
Bought to Close NVDA MAR 19 2021 500.0 Put @ .75 (sold for 4.20)

TQQQ: Thinning it out a little.
Bought to Close TQQQ MAR 19 2021 80.0 Put @ .27 (sold for 2.60)
Bought to Close TQQQ APR 23 2021 60.0 Put @ 1.20 (sold for 4.15)

SPX

BTO $SPX 3/19 3/22 4000 calendar for 3.4, max potential return 400%.

Near dated call options are getting more expensive. This structure today is providing a better RR, PoP, and breakeven range than the IB I typically trade.

Despite trying a lot of different strategies in Schwab accounts my IB Account with primarily covered calls is outperforming……

Sort of frustrating to spend most of the trading time managing and experimenting with different trading strategies in my Schwab accounts and have the IB account that I don’t spend much time on outperform by a significant margin. I either need to improve my trading skills or not trade as much!

https://coveredcallswithjeff.wordpress.com/2021/03/16/ib-account-update-performing-much-better-than-larger-schwab-accounts-where-i-invest-far-more-time-to-manage/

Upside Warning in effect

#VIXIndicator An Upside Warning took effect on Monday after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. Expect higher prices in coming days or weeks.

Last two Upside Warnings:
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%