#ShortPuts – Taking this one a few weeks early on the run up to resistance. Looking now for a pre earnings play on any weakness.
Bought to Close NVDA APR 16 2021 470.0 Put @ 2.85 (sold for 6.40)
Monthly Archives: March 2021
LAZR
#ShortPuts – Adding.
Sold LAZR APR 16 2021 27.0 Put @ 1.40
Sold LAZR APR 16 2021 26.5 Put @ 1.25
Sold LAZR APR 16 2021 26.0 Put @ 1.05
SPX trades
#SPX7dteLong Bought to Open $SPX Mar 29th 3915/3935-3945/3965 iron condors for 15.80, with SPX at 3940.
More to come in comments.
COUP LABU OSTK
#ShortPuts – Booking and adding…
COUP: Taking it a few weeks early.
Bought to Close COUP APR 16 2021 220.0 Put @ 1.25 (sold for 4.50)
LABU: Adding.
Sold LABU APR 16 2021 70.0 Put @ 3.10
OSTK: Adding.
Sold OSTK APR 16 2021 60.0 Put @ 2.00
AMC TSLA
Rolled $AMC Mar-26-2021 14 #shortputs // Apr-01-2021 @0.35 credit
Holding $AMC 15 Covered Calls for the moment.
Rolled $TSLA Mar-26-2021 680/690 #BuPS // Apr-01-2021 @.73 Credit.
Holding $TSLA Mar-26-2021 750/760 #BeCS but looking for close or roll opportunities.
VXX Calls
Sold VXX Apr 16 2021 18.0 Calls at $0.29
Sold VXX Apr 09 2021 15.5 Calls at $0.33
Sold VXX Apr 01 2021 13.5 Calls at 0.30, 0.31 & 0.32
Sold VXX Mar 26 2021 12.5 Calls at $0.26, 0.37 & 0.38
Sold VXX Mar 26 2021 13.5 Call at $0.12 & 0.13
Paired off with short put spreads and sold against May long calls.
GME Put Spread
Bought to open 1 GME Apr 30 2021 30.0 Put / Sold to Open 1 GME Mar 26 2021 80.0 Put at $0.30 Credit
Closing ORCL
Bought to close $ORCL 4/16 65 puts @ .64. Sold for 1.92 on 3/11.
ETF Distributions | Direxion
TQQQ,
STO May 21, 50 puts at 1.05
Just back from the gym.
STO LABU, April 23, 65 puts at 1.60
SPX trades
#SPX7dteLong Sold to close $SPX Mar 22nd 3960/3940 put spreads for 17.75, at five minutes before the close. Got a lucky pullback on this one. Condors bought for 16.10 last Tuesday.
#SPX1dte Expiring: Mar 22nd 3820/3840-3995/4015 condors, sold Friday for 1.00
LABU,
STO April 23, 70 puts at 2.20
SPY
Sold 1 SPY Mar 24 2021 395 Call at $1.11 against some April long calls left over from old spreads.
#DoubleDip
TQQQ,
STO June 18, 45 puts at 1.28
LABU
Sold 1 LABU Mar 26 2021 110 Call at $3.20 against my existing long April 135 Call.
#DoubleDip as last week’s short strike 100 call expired Friday.
MARA
#ShortPuts – Taking these three weeks early.
Bought to Close MARA APR 16 2021 25.0 Puts @ .56 (sold for 1.93)
OSTK
#ShortPuts – Sold OSTK APR 16 2021 60.0 Puts @ 1.60
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Mar 26th 3910/3930-3940/3960 iron condors for 15.80, with SPX at 3936.
TQQQ Puts Close / PENN DKNG Puts / PENN BUPS / WIX DKNG CC
#shortputs
$TQQQ BTC 4/1 75 put at .90. STO at 3.00
$TQQQ BTC 4/16 50 put at .40. STO at 1.55 Thank you @jsd501
$PENN STO 3/26 111 puts at 2.50
$PENN STO 3/26 115 puts at 4.20
#bups
$PENN STO 4/16 100/110 BUPS at 3.42
#coveredcalls
$WIX STO 4/16 320 call at 6.00
$DKNG STO 4/16 75 call at 3.80
LABU New Diagonal
Bought to open 1 LABU Apr 23 2021 135 Call / Sold to Open LABU Mar 26 2021 105 Call @ 1.30 Credit.
LABU is at 101
GME – Exit the long Call
Sold to close 1 GME Mar 26 2021 350 Call at $6.55
On Wednesday, March 10, 2021 I set up a GME Diagonal Call Spread:
Bought to open 1 GME Mar 26 2021 350.0 Call / Sold to Open 1 GME Mar 19 2021 250.0 Call @ 7.63 Credit.
The short position expired Friday.
Total Credit = 14.18
TQQQ,
STO April 23, 110 calls at 1.31
Update on SDC Covered Call Strategy after 422 Days….
https://coveredcallswithjeff.wordpress.com/2021/03/21/covered-call-strategy-with-sdc-smile-direct-club-after-422-days-144230-unrealized-profit-123-return-or-107-annualized-return/
Smile Direct Club has been a good candidate for writing covered calls against. The weekly option premiums are excellent. To date the combination is generating a return of 123% or 107% annualized. Stock price has dropped significantly from Jan ($14+) to Mar ($11). Option premiums have helped offset some of lost profit on the stock. Overall this remains one of our key positions.
Assigned on INMD, good trade but wasn’t ready for the shares to get called yet
https://coveredcallswithjeff.wordpress.com/2021/03/20/assigned-on-inmd-profit-of-6675-in-66-days-25-return-or-140-annualized/
Expiration
#optionsexpiration
$SENS 5 call
$SRAX 7.5 call
$NNDM 15 call
$SNOW 245 call
$TQQQ 27.5 put
$TQQQ 55 put Thank you @jsd501 for both of these
$PFE 34 put Thank you @xylin00
$DKNG 60 put
$DKNG 68 put
$GME 175 put
Enjoy the weekend. I’m resting. Don’t know about anyone else.
Options Expiration
Free Lottery tickets that didn’t pay off –
Along with all the short positions listed below, a lot of old long hedges(fully paid for by earliers short positions) are rolling off today.
My account positions page will look much cleaner after today:
AMC 2.0 Puts, GILD 42.50/45.0/47.50 Puts, GME 6.0 Puts, INTC 22.50/27.50 Puts/ SLB 35.0/37.50 Calls / TLRY 13.0/14.0/17.0 Puts / UVXY 6.0 Puts / VXX 45/50/52/54/55/59/60 Calls & 10/11 Puts / WFC 47.50 Calls
== Shorts Expiring ==
CALLS:
GME 03/19/2021 230/300 Bear Call Spread
GME 03/19/2021 250.0 Diagonal Call
GME 03/19/2021 290.0 Diagonal Call
LABU 03/19/2021 100.0 Diagonal Call (barely)
SLB 03/19/2021 30.0 Diagonal Calls
SPY 03/19/2021 399/401 Bear Call Spread
SPY 03/19/2021 391.0 Diagonal Call
TLRY 03/19/2021 30.0 Diagonal Calls
TLRY 03/19/2021 32.50 Diagonal Call
VXX 03/19/2021 23.0/13.50 Bear Call Spreads
VXX 03/19/2021 25.0/14.00 Bear Call Spreads
VXX 03/19/2021 34.0/14.50 Bear Call Spreads
VXX 03/19/2021 35.0/15.00 Bear Call Spreads
VXX 03/19/2021 36.0/15.50 Bear Call Spreads
VXX 03/19/2021 37.0/16.00 Bear Call Spreads
VXX 03/19/2021 38.0/16.00 Bear Call Spreads
PUTS:
GME 03/19/2021 10.0/110.0 Bull Put Spread
GME 03/19/2021 6.0/50.0 Bull Put Spread
GME 03/19/2021 6.0/45.0 Bull Put Spread
PRGO 03/19/2021 37.50 Short Put
SPY 03/19/2021 387.0 Diagonal Put
TQQQ 03/19/2021 50.0/61.0 Bull Put Spread
TQQQ 03/19/2021 62.0 Diagonal Put
VTRS 03/19/2021 12.50 Short Puts
== Assignments ==
WFC 03/19/2021 29.0 Covered Calls
GME Call Spread finally works
Two weeks ago I put on a GME Bearish Diagonal spread
Bought 1 GME 03/19/2021 300 Call / Sold 1 GME 03/12/2021 200 Call @ 4.40 Credit.
Last Friday I rolled up the short that was in the money:
Bought to close GME Mar 12 2021 200.0 Call / Sold to Open 1 GME Mar 19 2021 230.0 Call @ 2.20 Credit.
So the total Credit was 6.60
I could close the short 230.0 Call @ 0.01 but with only 5 minutes until the close I think I’ll let it expire.
LAZR
#ShortPuts – Taking a lot of risk off.
Bought to Close LAZR MAR 26 2021 26.5 Puts @ .25 (sold for 2.20)
Bought to Close LAZR MAR 26 2021 27.0 Puts @ .34 (sold for 1.42)
Bought to Close LAZR MAR 26 2021 27.5 Puts @ .40 (sold for 1.78)
SPX 1-dte
#SPX1dte Sold to Open $SPX Mar 22nd 3820/3840-3985/4005 iron condors for 1.00, SPX at 3924, IV 11.1%, deltas -.06 +.05
AMC Calls
Bought to close 1 AMC 03/19/2021 14.00 Diagonal Call @ 0.01. Sold @ 1.70 this week.
Visa
V is down 5% today
GME
About an hour to go and I’m still waiting to cover my 230, 250 and 290 short calls
Geesh!
GME at 206
SPX trades
#SPX1dte Expected to expire: 3795/3815-3995/4015 condors, sold yesterday for 1.20
Summary of week: Mon/Wed/Fri all expired worthless, total credit of 3.30.
#SPX7dteLong Call side fizzled so 11.00 from put side yesterday will be it… condors bought for on Monday 15.60
Summary of week: Monday +2.80, Wednesday +3.35, Friday -4.70… Net +1.45
This week’s expirations
5 wins, 1 loss, Total P/L combined: +4.75
WYNN WATT Puts Roll
#shortputs
$WYNN BTC 3/19 137 put and STO 4/1 136 put at added 3.13 credit
$WATT BTC 3/19 4.50 put and STO 4/16 4 put at even
SNOW
#CoveredCalls – Same position in two accounts.
Rolled SNOW MAR 19 2021 215.0 Calls to MAR 26 2021 215.0 Calls @ 3.80 credit
RIOT Put Roll / TSLA BUPS Close
#shortputs
$RIOT BTC 3/19 62 put and STO 3/26 62 put at added 3.57 credit
#bups
$TSLA BTC 3/19 580/590 BUPS at .05. STO at 1.90. Thank you @ramie77
TLRY Put Rolldown
Bought to close TLRY Mar 19 2021 27.0 Puts / Sold to Open TLRY Mar 26 2021 25.0 Puts @ 0.18 Credit plus a 2 point drop in the short strike.
That puts the strike from an in the money to an out of the money position for next week.
I’ve also got TLRY 30 and 32.5 short calls expiring today 🙂
TQQQ
Bought to close 1 TQQQ Mar 19 2021 63 Put at $0.01. Sold at 1.06 on 03/03.
Letting my short 62 put and short 61 put expire.
QQQ,
I am looking at the chart and in the last year the 300 level has been resistance or support 5 times on the daily chart. The 20 day MA is below the 50 day MA and trending down while the 50 day is flat. The 150 day MA is at 299 and I think if we break below 300, the market is in big trouble. IMHO.
NVTA CC Roll / MARA PINS Puts Close / SNOW Call / NNDM Puts Roll
#coveredcalls
$NVTA BTC 3/19 45 call and STO 4/16 45 call at 2.18 extra credit.
$SNOW STO 3/26 230 call at $4
#shortputs
$MARA BTC 3/19 42 put at .50. STO at $3 on 3/15.
$PINS BTC 3/19 65 put at .05. STO at $1.30 on 2/5. Thank you @fuzzballl
$NNDM BTC 3/15 12.50 put and STO 4/16 12.50 put at added credit of .68
DDOG,
STO April 16, 85 calls at 3.70
BABA,
STO April 16, 240 calls at 9.40
I am selling because I will be assigned on both.
SOXL
#ShortPuts – Everything rolled so free to rally now. 🙂 🙂 Just couldn’t quite get over the hump.
This was originally pre-split 525.0 strike @ 24.00. After 15:1 it’s now 35 strike @ 1.60. Breaking it up and rolling it into a ladder for next month.
Rolled SOXL MAR 19 2021 35.0 Puts to APR 16 2021 34.0 Puts @ 2.10 credit (3.70 total now)
Rolled SOXL MAR 19 2021 35.0 Puts to APR 16 2021 33.0 Puts @ 1.60 credit (3.20 total now)
Rolled SOXL MAR 19 2021 35.0 Puts to APR 16 2021 32.0 Puts @ 1.05 credit (2.65 total now)
BIIB OSTK PLTR SNOW
#ShortPuts #CoveredCalls – Rolling everything for decent credit.
BIIB: Covered…rolling for more premium but keeping some downside protection.
Rolled BIIB MAR 19 2021 260.0 Call to BIIB MAR 26 2021 260.0 Call @ 4.20 credit
OSTK: Covered…rolling for more premium but keeping some downside protection.
Rolled OSTK MAR 19 2021 68.0 Calls to MAR 26 2021 68.0 Calls @ 1.30 credit
PLTR: Rolled short puts out and down to various expirations over next 3 weeks.
Basis if assigned on everything will be around 25.10
SNOW: Too close to call. 215 covered calls for today.
TQQQ,
BTC March 19, 60 puts at .01, sold at 2.70
It looks like I will be assigned on BABA and DDOG after the close.
TQQQ,
BTC March 19, 55 puts at .01, sold at .24 and it was a mistake when I did it.
VXX Puts Closed
Bought to close VXX 03/19/2021 12.50 Puts @ 0.01. They won’t trade any lower.
Sold at an average of 0.15 over the last week.
Also liquidated my long VXX 03/19/2021 14.0 Puts @ 0.73.
Bought these 09/09/2020 @ 0.64 & 0.71 and 10/08/2020 @ 0.56 and have been writing WEEKLY against them ever since.
UVXY Puts Rolled
Bought to Close UVXY Mar 19 2021 7.5 Puts / Sold to Open UVXY Mar 26 2021 7.0 Puts @ Even but a 0.50 lower strike.
Not a lot of risk here since my long hedges are April and June 5.0 Puts
TQQQ
Bought to close TQQQ Mar 19 2021 65 Puts at $0.01. Sold at 1.45 average price on 03/03/2021
LABU
What happened???
90.68 -15.23 (-14.38%)
#TQQQ right at bell sto…
#TQQQ
right at bell
sto TQQQ ,30 APR 21 55 PUT @1.60
sto -1 TQQQ , 9 APR 21 65 PUT @1.61
VXX Put rolldown
Bought to close VXX Mar 19 2021 13.50 Puts / Sold to Open VXX Mar 26 2021 13.00 Puts at even money
The extra 0.50 on the short strike makes a big difference in the breakeven.
VXX range today was 12.86 to 13.33 so far.
UVXY put rolldown
Bought to close UVXY Mar 19 2021 7.00 Puts / Sold to Open UVXY Mar 26 2021 6.5 Puts at $0.02 Credit.
Not waiting to see if the 7.0 Puts might expire tomorrow and the extra 0.50 on the short strike makes a big difference in the breakeven.
UVXY range today was 6.59 to 7.17 so far.
TQQQ
Bought to open 1 TQQQ Apr 30 2021 50 Put / Sold to Open 1 TQQQ Mar 26 2021 76 Put at $0.20 Credit.
I expect to get several writes against the long Put.
Short DTE = 8
Long DTE = 43
TQQQ is at 88
SPX trades
#SPX7dteLong Bought to Open $SPX Mar 24th 3935/3955-3965/3985 iron condors for 15.75, with SPX at 3962.
Will post #SPX1dte trade as a comment below here.
#tqqq sto TQQQ 9 APR…
#tqqq
sto TQQQ 9 APR 21 75 PUT @2.60 AMEX
SPXculation
#Speculation Bought to Open $SPX Mar 24th 4000/4020 call spreads for 3.70. Filled earlier at the day’s lows.
NNDM Put Roll / DKNG Put
#shortputs
$NNDM BTC 3/19 12.50 put and STO 4/16 12.50 put at .89 added credit
$DKNG STO 3/19 68 put at .95
TQQQ, Back from the gym.
BTC March 19, 50 puts at .01, sold at 1.29
TQQQ
#ShortPuts – Adding another one.
Sold TQQQ APR 9 2021 75.0 Put @ 2.40
ENPH
Rolled $ENPH Mar-19-2021 195 #CoveredCalls // Apr-16-2021 @3.45 credit.
AMC
Roll $AMC Mar-19-2021 14 #CoveredCalls // 15 Mar-26-2021 @0.80 Credit + $1 better strike
LAZR Earnings
#ShortPuts – Nothing for this week but adding to some others. Earnings today.
Sold LAZR APR 1 2021 26.5 Puts @ 1.25
PTON
Roll $PTON 130 Mar-19-2021 #CoveredCalls // Mar-26-2021 120 @0.65 credit
TQQQ
#ShortPuts – Replacing some that were recently closed.
Sold TQQQ APR 1 2021 75.0 Puts @ 1.50
TQQQ Put Close / MRVL Call Close / T Put Roll
#shortputs
$TQQQ BTC 3/19 70 put at .05. STO at 1.53. Thank you @jsd501.
$T BTC 3/19 30 put and STO 4/19 30 put at added credit of .77
#coveredcalls
$MRVL BTC 3/19 50.50 call at .10. STO at 1.93.
TQQQ
#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)
SPY Bull Diagonal
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.
VXX Calls
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
SPX trades
#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.
My Reddit Fueled Silver Saga (SLV)
#BullPutSpreads #CoveredCalls – I got caught up in the reddit craze when it looked like they might go after silver next. First trade was ITM bull put spreads going very directional.
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
COUP post earnings
#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
Closing EWZ
Bought to close $EWZ Apr 16 30/35/36 jade lizard @ .80. Sold for 1.27 on 3/1.
REGN ROKU
#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
SPX 7-dte
#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.
Options Bistro 