#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.
Monthly Archives: March 2021
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
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
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)
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!
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%
SPY Rollup
A late surge forced me to roll this again
Bought to close 1 SPY Mar 15 2021 396.0 Call / Sold to Open 1 SPY Mar 17 2021 398.0 Call @ 0.58 Credit.
At 3:30 SPY was below 394.60 but rallied 2 points on 30 minutes
GME Puts
Sold to close 1 GME Mar 19 2021 90.0 Put @ 2.87. Bought it Thursday @ 2.85. So just a breakeven.
It was a hedge against a GME 03/12/2022 195.0 Put was sold Thursday @ 2.65 and that expired Friday.
Another #WinWin Spread
TQQQ Put Close
#shortputs
$TQQQ BTC 3/26 75 put at 1.00 STO at 2.35. Thank you @jsd501
Closing TSLA
Bought to close $TSLA 3/19 600/590 bull put spread @ .34. Sold for 2.00 on 2/23.
TLRY
Friday I closed out some TLRY MAR 12 2021 $28.0 short calls @ 0.01 right at the market close.
Today I dumped part of the long position that was hedging the short.
Sold to close TLRY Apr 01 2021 60 Call at $1.37 for a nice gain.
Another #WinWin spread
SPX trades
#SPX7dteLong Bought to Open $SPX Mar 19th 3925/3945-3955/3975 iron condors for 15.60, with SPX at 3945.
Expected to expire with max credit of 20.00: Mar 15th 3900/3925 call spreads. Condors bought last Tuesday for 17.20.
#SPX1dte Expected to expire worthless: Mar 15th 3835/3855-3990/4010 condors, sold Friday for 1.00.
TQQQ
#ShortPuts – Sold TQQQ APR 30 2021 65.0 Put @ 3.00
NNDM MARA WYNN RIOT Put / TQQQ DKNG Put Close / SNOW Call / TSLA BUPS Close
#shortputs
$NNDM STO 3/19 12.5 put at 1.60
$MARA STO 3/19 42 put at 3.00
$MARA STO 3/19 42 put at 5.35
$WYNN STO 3/26 149 put at 4.75
$RIOT STO 3/19 62 put at 4.00
$TQQQ BTC 3/19 80 put at 1.00. STO at 2.65. Thank you @fuzzballl
$DKNG BTC 3/19 55 put at .05. STO at 1.50.
#coveredcalls
$SNOW STO 3/19 245 call at $4.00
#bups
$TSLA BTC 3/19 490/500 BUPS at .10. STO at 1.80. Thank you @ramie77
VXX
Sold VXX Mar 19 2021 13.5 Puts at $0.26.
I’m long the 14 puts for this week already
GME Put
Sold 1 GME MAR 19 2021 $50.0 PUT @ 0.52
Closing CGC
Bougth to close $CGC 3/19 32.50/27.50 bull put spread @ .36. Sold for 1.11 on 2/18.
PTON
Rolled $PTON 129/139 Mar-19-2021 #BuPS // APR-01-2021 128/138 @1.00 Debit.
Still holding Mar-19-2021 $130 #CoveredCalls
RIOT
TLRY
Sold 1 TLRY 03/19/2021 32.50 Diagonal Call @ 1.19. This pairs off with the 32.50 Put I’m already short.
AMC
Closed out the long hedge I had against last Friday’s AMC strike 12 Calls that expired worthless.
Sold to close AMC Apr 01 2021 22.0 Calls at $1.03. Bought them at 0.90 and 1.01 on 03/10
#WinWin on both sides of the spread.
FSLR
#ShortPuts- Small position for my infrastructure play. 🙂 Selling below the 200 day and just inside the expected move.
Sold FSLR APR 16 2021 75.0 Puts @ 2.25
Expirations
#optionsexpiration
$GME 165/175 BECS Total loss
$GME 300/290 BECS Total gain This was placed today. Risky but successful bid to get partial back on above.
$SNOW 240 call (covered)
$TQQQ 65 put Thank you @jsd501
Have a great weekend. Losing an hour sleep this Sunday. Not just me. 😉
SPX trades
#SPX1dte Sold to Open $SPX Mar 15th 3835/3855-3990/4010 iron condors for 1.00, SPX at 3936, IV 10.15%, deltas -.06 +.06
Expiring: Mar 12th 3855/3875-4005/4025 condors, sold yesterday for 1.25
#SPX7dteLong Expiring for max credit of 20.00: Mar 12th 3855/3875 call spreads. Condors bought for 17.70 on Monday.
OSTK
#CoveredCalls – Roll out but not up keeping some downside protection and picking up nice credit.
Rolled OSTK MAR 12 2021 68.0 Calls to MAR 19 2021 68.0 Calls @ 2.55 credit
UVXY Put Rolldown
Bought to close UVXY Mar 12 2021 8.0 Puts/ Sold to Open UVXY Mar 19 2021 7.5 Puts @ 0.05 Credit
GME Call Rollup
Bought to close GME Mar 12 2021 200.0 Call / Sold to Open 1 GME Mar 19 2021 230.0 Call @ 2.20 Credit
TLRY Call Rollup
Bought to close 1 TLRY Mar 12 2021 26.0 Call / Sold to Open 1 TLRY Mar 19 2021 30.0 Call @ 0.13 Credit but a 4 point bump in the short strike.
BIDU Iron Condor
Sold to open 4/16 210/220/310/320 iron condor @ 3.11.
VXX Put Rolldown
Bought to close VXX Mar 12 2021 14.5 Puts / Sold to Open VXX Mar 26 2021 13.5 Puts at $0.02 Credit.
Lowered the short strike a point to a price below the all-time low on VXX but had to go out 2 weeks instead of 1.
I did this instead of rolling to the 03/19/2021 14.0 Puts because I’m already long the 14.0 Puts for next week and I want to see how they work out in the end.
I bought them in September and October of last year as the long side of diagonal spreads where the short has long since expired.
TLRY Put Closed
Bought to close 1 TLRY 03/12/2021 24.0 Put @ 0.01. Sold this on a rolldown last Friday @ $4.29
LABU,
BYC March 19, 40 puts at .05, sold at 2.30
FSLY PLTR ROKU UVXY
#ShortPuts #ShortCalls #CoveredCalls – A few rolls and sales.
FSLY:Letting stock get called away just below basis. Selling much lower puts to make the overall position profitable.
Sold FSLY APR 16 2021 60.0 Puts @ 1.60
PLTR: Rolling another week instead of taking stock.
Rolled PLTR MAR 12 2021 26.5 Put to MAR 19 2021 25.0 Put @ .13 credit
Rolled PLTR MAR 12 2021 27.5 Put to MAR 19 2021 26.5 Put @ .02 credit
Rolled PLTR MAR 12 2021 28.5 Put to MAR 19 2021 28.0 Puts @ .07 credit
Rolled PLTR MAR 12 2021 30.0 Puts to MAR 19 2021 29.5 Puts @ .16 debit
ROKU: Replacing this week’s expiration. Selling against a DITM short put.
Sold ROKU MAR 19 2021 380.0 Call @ 5.50
UVXY: Covered. Replacing this week’s expiration.
Sold UVXY MAR 19 2021 8.0 Calls @ .48
LABU Call Rolled
Bought to close 1 LABU Mar 12 2021 95.0 Call / Sold to Open 1 LABU Mar 19 2021 100.0 Call @ 1.25 Credit plus 5 more points on the short strike for just 1 more week.
WYNN Puts Rolled / TQQQ Puts Closed / BFLY Calls Rolled
#shortputs
$WYNN BTC 3/12 133 put and STO 3/19 137 put at added 2.94 credit
$TQQQ BTC 3/12 80 put at .30. STO at 3.10
#coveredcalls
$BFLY BTC 4/16 20 call and STO 7/16 25 call at added .16 credit
Closing ARKK
Bought to close 3/19 110.96 puts @ .75. Sold for 2.40.
SPX 1-dte
#SPX1dte Sold to Open $SPX 3855/3875-4005/4025 iron condors for 1.25, SPX at 3953, IV 14.6%, deltas -.06 +.07
TLRY
I had an extra long TLRY April Call so I wrote against it for next week.
Sold 1 TLRY Mar 19 2021 30 Call at $1.48
TLRY is at 26
LABU
#ShortPuts – Taking the bottom of the ladder.
Bought to Close LABU APR 1 2021 65.0 Put @ 1.05 (sold for 4.30)
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Mar 17th 3930/3950-3960/3980 iron condor for 16.65, with SPX at 3953.
Downside Warning canceled
#VIXIndicator The VIX was headed for it at the close, but SPX making a new high beats it to the punch. Downside Warning is canceled. Now, three VIX closes below 22.30 mean an Upside Warning.
TQQQ,
BTC, June 18, 65 puts at 5.65, sold at 5.70
BTC June 18, 55 puts at 3.60, sold at 3.62 in my IRA
BTC January 2022, 50 puts at 7.79, sold at 7.85
BTC June 18, 55 puts at 3.60, sold at 3.61
That leaves me with only a few trades left and about 90% cash.
ORCL post-earnings
Sold 4/16 65 puts @ 1.92 with the stock at 66.34
TQQQ,
BTC April 1, 55 puts at .54, sold at 1.60
TQQQ,
BTC March 26, 110 call at .40, sold at .95
BTC March 26, 75 puts at 2.16, sold at 2.20
BTC April 1, 70 puts at 1.91, sold at 2.20
BTC April 9, 70 puts at 2.52, sold at 2.85
BTC April 23, 55 puts at 1.50, sold at 2.25
BTC June 18, 50 puts at 3.04, sold at 3.10
BTC June 18, 60 puts at 4.70, sold at 4.75
Interest rates are in an uptrend and the QQQ in in a down trend so I am just taking risk off the table for now.
EWZ
#ShortPuts – Taking over half in 3 days and 5 weeks early.
Bought to Close EWZ APR 16 2021 29.0 Puts @ .50 (sold for 1.11)
Bought to Close EWZ APR 16 2021 28.0 Puts @ .35 (sold for .85)
LULU
Short term CC dividend capture strategy….trying something different….not sure if it will be sustainable over time
https://coveredcallswithjeff.wordpress.com/2021/03/11/wmb-covered-call-dividend-capture-assigned-day-before-ex-div-return-on-capital-2-6-in-2-days-or-476-annualized-but-no-dividend/
SPXpire
#SPX7dteLong Expired with max credit of 20.00: $SPX March 10th 3825/3845 call spreads. Condors bought for 17.85 last Thursday.
#SPX1dte Expired: 3785/3805-3960/3980 iron condors, sold yesterday for 1.00
SPY Call Rollup
Bought to close 1 SPY Mar 10 2021 386.0 Call / Sold to Open 1 SPY Mar 12 2021 387.0 Call @ 0.29 Credit.
I’ve got other SPY positions that will expire today.
TQQQ,
BTC March 12, 65 puts at .04, sold at 1.30, I closed out a lot of put s in the TQQQ today but still have more to go.
TQQQ,
BTC March 19, 27.5 puts at .01, sold at 1.47
TLRY Put Rolldowns
Bought to close 1 TLRY Mar 12 2021 33.0 Put / Sold to Open 1 TLRY Mar 19 2021 32.5 Put @ 0.67 Credit
Bought to close TLRY Mar 12 2021 30.0 Puts / Sold to Open TLRY Mar 19 2021 29.0 Puts @ 0.16 Credit
GME Round Trip
At 11:40 this morning I put on the following GME Bear Call Diagonal
Bought Mar 19 2021 380.0 Call / Sold GME 03/12/2021 280.0 @ 2.60 Credit
Just now (1:42) I closed it out at 13.00 Credit – eliminating a big spread risk in the process
Big #WinWin with a credit in and a credit out
If GME gets back above 330 I’ll look to put something similar on at higher strikes this time.
GME Puts
Sold 1 GME 03/12/2021 45.0 Put @ 0.30
Sold 1 GME 03/12/2021 50.0 Put @ 0.33
Sold 1 GME 03/12/2021 55.0 Put @ 0.60
GME at 260 after falling from 348.50
GME iron fly
Sold $GME 3/12 235/240/245 iron fly @ 4.90. Almost risk free (.10 max loss) with a very slim profit probability.
REGN,
BTC March 19, 450 put at 3.30, sold at 9.00
TQQQ,
BTC April 1, 65 puts at 1.59, sold at 1.95, reducing risk.
GME Diagonal
Giving this a extra week and hoping the mania dies away in 10 days or so.
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
TQQQ,
BTC April 16, 60 puts at 1.95, sold at 1.97,
TQQQ
Following @jsd501 and @fuzzballl out of of some of these to take some risk off.
BTC March 19 50 puts @ .10.
TQQQ,
STO April 16, 110 call at 1.43, Sold against my 50 and 60 puts
Options Bistro 