$MRVL BTC 3/19 50.50 call at .10. STO at 1.93.
#ShortPuts – Looking for weakness now to add further out.
Bought to Close TQQQ MAR 26 2021 75.0 Put @ .52 (sold for 2.25)
Bought to Close TQQQ APR 1 2021 70.0 Put @ .65 (sold for 2.20)
Bought to open 1 SPY Apr 09 2021 355.0 Put / Sold to Open 1 SPY Mar 19 2021 387.0 Put @ 0.07 Credit.
I should be able to get 4 or 5 re-writes against this long put if the first one expires Friday.
The Fed killed the VIX rally and spiked the market higher. So I sold another set of calls against calls already long in the account and due to expire Friday:
VXX Mar 19 2021 13.50 Calls @ $0.40
VXX Mar 19 2021 14.00 Calls @ $0.28
VXX Mar 19 2021 14.50 Calls @ $0.19
#SPX7dteLong. Thank you, Fed. Sold to close $SPX Mar 17th 3960/3980 call spreads for 13.00. Combined with the 7.00 I sold the put side for: total credit is 20.00. I had planned to go for more, but the spike went up too fast and I wasn’t able to adjust my limit order in time.
#SPX1dte Expected to expire: Mar 17th 3870/3890-4020/4040 condors, sold yesterday for 1.10.
Feb 1st: Sold March 19th 30/25 BuPS @ 3.30
It didn’t take long to see that this was never going to work. To minimize losses I sold bear call spreads right over the top of the put spreads.
Feb 23: Sold March 19th 25/30 BeCS @ 1.10
The call sales eliminated any chance of the trade being a winner but cut max loss down to 60 cents. That’s where I was going to let it end until today. I knew all along there was a decent chance the short 30 puts could get exercised early so on to plan B when that happened today. 🙂 🙂
After the early assignment I closed the 25 strike leftover long puts for additional credit.
Mar 17: Sold to close Mar 19th 25 puts @ .95
This leaves the short 25 strike calls that were sold on Feb 23rd as a covered call position on the stock. I don’t believe the 25 strike short calls will get hit this week (we’ll see). I do have a tight stop on them since I sold next week’s calls already against the stock.
Mar 17th: Sold Mar 26th 23.5 calls @ .95
All said and done the position was assigned at 30 and I’ve collected 6.30 in premium. This leaves the stock at a basis of 23.70 covered at 23.50. If needed one more roll of the calls should get the overall position to even.
I’m not sure it helps anyone but it helped me to review it all!
EDIT: Update while typing this…stopped out of this week’s 25 strike calls @ .15 so stock basis now 23.85
#ShortPuts -Jumping back in this one. Selling the expected move and down near 52 week lows. Strike sold is about 40 percent off all time high.
Sold COUP APR 16 2021 220.0 Put @ 4.50
Bought to close $EWZ Apr 16 30/35/36 jade lizard @ .80. Sold for 1.27 on 3/1.
#ShortPuts – Booking and selling.
REGN: Taking it early after a nice run up to the 50 day.
Bought to Close REGN APR 16 2021 435.0 Put @ 3.00 (sold for 7.40)
ROKU: This week looks safe so selling next week. A little early on this one. Selling against a DITM put.
Sold ROKU MAR 26 2021 365.0 Call @ 6.60
#SPX7dteLong Sold to close $SPX Mar 17th 3950/3930 put spreads for 7.00. Betting on a rise into the close so I can close call side. Condors bought for 16.65 last Thursday.