BTC March 19, 70 puts at .80, sold at 1.55, The market feels heavy so I want to take some risk off.
Monthly Archives: March 2021
TQQQ
#ShortPuts – Taking it a couple days early on the bounce.
Bought to Close TQQQ MAR 12 2021 80.0 Put @ .70 (sold for 3.10)
TDOC pre earnings
#ShortPuts – Two weeks before earnings, at the expected move, and almost 50 percent off highs.
Sold TDOC APR 16 2021 165.0 Put @ 5.10
Bitcoin options?
https://www.bloomberg.com/news/articles/2021-03-10/a-vix-like-gauge-for-bitcoin-sees-its-first-ever-options-trade
AMC
Rolled $AMC Mar-12-2021 12 #CoveredCalls // Mar-19-2021 14 #CoveredCalls @0.10 Credit.
Also Holding $AMC 14 #ShortPuts that have been rolled a time or two.
/ES TSLA
#ShortStrangles #Futures #Hedges – Catching up on some losers although I look at my ES hedge as being a #TakeOneForTheTeam 🙂 🙂 .
/ES: Stopped out on the big run. Best money I ever spent!
Sold /ES APR 21 (Wk3) 3460/3060 Put Spread @ 16.75 (bought for 34.00 and these are $50 per point)
TSLA: After chasing this around with a bunch of rolls bailing on it. Not worth the hassle.
Bought to Close TSLA MAR 19 2021 560.0/770.0 Strangle @ 18.50 (sold for 16.85)
SPY 1 DTE
Sold SPY 03/10/2021 383/392 Strangle @ 1.28 Credit.
Legged in.
SPX trades
#SPX7dteLong Bought to Open $SPX Mat 15th 3870/3890-3900/3920 iron condors for 17.20, with SPX at 3894.
UVXY
Sold to Open UVXY Mar 12 2021 8.0 Puts at $0.16.
#DoubleDip write against Long April and June strike 5 puts.
#UVXYContango
UVXY is 8.35
SPY
#ShortPuts – On a move like today and back near all time highs I’ve gotta take these. Almost 60 percent of max 38 days early.
Bought to Close SPY APR 16 2021 325.0 Put @ 1.05 (sold for 3.35)
Bought to Close SPY APR 16 2021 330.0 Put @ 1.21 (sold for 3.35)
Bought to Close SPY APR 16 2021 335.0 Put @ 1.40 (sold for 3.20)
Bought to Close SPY APR 16 2021 340.0 Put @ 1.62 (sold for 3.70)
Bought to Close SPY APR 16 2021 345.0 Put @ 1.90 (sold for 3.40)
Bought to Close SPY APR 16 2021 350.0 Put @ 2.25 (sold for 4.60)
Rolling KRE
Instead of taking profits I decided to roll up and stay long regional banks for a while longer. Rolled short $KRE 4/16 60 puts up to 65 puts (32 delta) @ 1.12 credit.
LABU
Bought to open 1 LABU Apr 16 2021 135.0 Call / Sold to Open 1 LABU Mar 12 2021 95.0 Call at $1.55 Credit.
This turns my 45/65 Diagonal Bull Put spread into a Short Calendar Iron Condor Spread with 65 Put/ 95 Call as the short for this week.
Short DTE = 3
Long DTE = 38
GME Crazy trade closed
Bought to close GME Jul 16 2021 2.0 Puts @ 0.02.
Out 4 + months early
Sold to open GME Jul 16 2021 2.0 Puts at $0.37 on Jan 29.
Yes that is the correct strike price.
#GMECrazy
LAZR
#ShortPuts – Using the bounce to roll to the back of the ladder.
Rolled LAZR MAR 12 2021 28.0 Puts to LAZR APR 9 2021 27.0 Puts @ .35 credit
Rolled LAZR MAR 12 2021 27.0 Puts to LAZR APR 9 2021 25.5 Puts@ .30 credit
EWZ
#ShortPuts – First time in this one in awhile. Starter positions…
Sold EWZ APR 16 2021 29.0 Puts @ 1.11
Sold EWZ APR 16 2021 28.0 Puts @ .85
LAZR Put Roll
#shortputs
$LAZR BTC 3/19 25 put and STO 4/1 24 put at cost of .10 but would gain $1 if assigned
SPY
New Put Diagonal
Bought to open SPY Mar 31 2021 350.0 Put / Sold to Open 1 SPY Mar 12 2021 377.0 Put @ 0.46 Credit.
Extending the long side of the ladder.
SPY Roll
Bought to close 1 SPY Mar 08 2021 383.0 Call / Sold to Open 1 SPY Mar 10 2021 386.0 Call @ 0.40 Credit.
Sold the 383 Call Friday @ 2.81 and covered today @ 1.82
SPX 7-dte
#SPX7dte Bought to open $SPX Mar 12th 3825/3845-3855/3875 iron condos for 17.70, with SPX at 3848.
TSLA June
A #FallingKnife type of trade, as weird as it is to say that about TSLA. Would take the stock down there.
Sold $TSLA 6/18 250 put @ 5.05.
GME
Diagonal
Bought 1 GME 03/19/2021 300 Call / Sold 1 GME 03/12/2021 200 Call @ 4.40 Credit.
Five days is a long time in this stock.
SPY Zero DTE
Sold SPY 03/08/2021 379/389 Strangle @ 1.24
Legged in
GME BECS Expired
#becs #optionsexpiration
$GME 165/175
$GME 160/170
PINS OSTK MRVL WYNN NIO Puts Closed / LAZR MRVL Puts Rolled / TQQQ Puts / Assignments
$PINS BTC 3/5 70 puts at 5.00. STO at 1.76
$OSTK BTC 3/5 63 puts at 3.00. STO at 1.62
$MRVL BTC 3/5 48 puts at 7.66. STO at 1.42
$WYNN BTC 3/5 132 puts at .09. STO at 1.63 STO 3/12 133 puts at 3.59
$NIO BTC 3/19 50 puts at 17.35. STO at 4.50
$LAZR BTC 3/12 26 puts and STO 4/1 25 puts at credit of .30
$MRVL BTC 3/5 48 puts and STO 4/1 46 puts at debit of 1.00. Gain $1 if assigned.
$TQQQ STO 4/23 55 puts at 2.25 Thank you @jsd501
#assignment
$SNOW 270 put
$MARA 35 put
$RIOT 50 put
SPY Call rollout
I never thought I would be rolling this when SPY was 373 just a few hours ago.
Bought to close 1 SPY 03/05/2021 381.0 Call @ 2.65. Sold this on Wednesday at 6.49
Replaced it with SPY 03/08/2021 383.0 Call @ 2.81
VXX Contango Special
One more of these.
Huge reversal in VXX to the downside after the morning blastoff to 16.74.
Bought to open VXX Jan 21 2022 6.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.02 Credit.
Short DTE = 7
Long DTE = 322
VXX @ 15.12
I’m done for today with these
TQQQ,
STO April 23, 55 put at 2.25
ROKU TSLA
#ShortCalls – Wouldn’t mind seeing a little rally in these so best way for that to happen is roll calls down. 🙂 🙂 Sold against longer dated short puts.
Rolled ROKU MAR 12 2021 400.0 Call to MAR 12 2021 375.0 Call @ 2.70 credit
Rolled TSLA MAR 12 2021 750.0 Call to MAR 12 2021 675.0 Call @ 4.20 credit
VXX Contango Special
Bought to open VXX Sep 17 2021 7.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.09 Credit.
Short DTE = 7
Long DTE = 196
VXX @ 15.42
TQQQ
#ShortPuts – Just over a half size position now. Any time I roll the front week out I add to it to really average down. Added to the earlier roll.
Sold TQQQ APR 23 2021 60.0 Put @ 4.15
VXX Contango Special
Now that I’m out of all this week’s short puts I’m adding a new spread
Bought to open VXX Jun 18 2021 9.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.05 Credit.
Short DTE = 7
Long DTE = 105
VXX @ 15.48
SPX trades
#SPX7dteLong Bought to Open $SPX March 10th 3795/3815-3825/3845 condors for 17.85, with SPX at 3715. Too expensive to buy yesterday so I bought today… only 5 dte.
@TQQQ STO TQQQ ,9 APR…
@TQQQ
STO TQQQ ,9 APR 21 ,45 PUT @1.14 NYSE
SPY Put Rolldown
Bought to close 1 SPY Mar 05 2021 370.0 Put at $0.10. Sold @ 1.43 on 02/26.
Sold to Open 1 Contract SPY Mar 12 2021 363.0 Put @ 1.53.
#TripleDip Sale on my long March 150 Put and 7 points lower (again).
SQQQ Covered Call
Bought to close 1 SQQQ 03/05/2021 17.0 Covered Call @ 0.01. Sold this on 03/04 @ 0.11.
Replaced it with a SQQQ 03/12/2021 17.50 Covered Call @ 0.32
TSLA craziness
High volume selling bringing in high IV and now the stock may be ready for a breather. Sold $TSLA 3/19 500/490 bull put spread @ 1.72.
LABU
Bought to open 1 LABU Apr 16 2021 45.0 Put @ 2.28.
Paid for it by selling 1 LABU Mar 12 2021 65.0 Put @ 2.52.
Short DTE = 7
Long DTE = 42
LABU is 77.50
T2108,
Anyone know where this is trading today?
VXX Puts
Bought to close VXX 03/05/2021 15.0 Puts @ 0.01. Sold these last Friday on a rolldown @ 0.63
TLRY Rollout
Bought to close TLRY 03/05/2021 28.0 Straddles and rolled it out a week for a 1.06 Credit
LAZR ROKU TQQQ TSLA UVXY
#ShortPuts – Gonna be out most of the day so using the bounce to roll some stuff and really reduce deltas (risk).
LAZR: Rolled to back of ladder.
Rolled LAZR MAR 5 2021 28.0 Puts to APR 1 2021 26.5 Puts @ even
ROKU: Roll out and down. Will sell weekly calls against.
Rolled ROKU MAR 19 2021 450.0 Put to JUN 18 2021 430.0 Put @ 2.50 credit (49.15 total now)
TQQQ: Rolled to back of ladder.
Rolled TQQQ MAR 5 2021 90.0 Put to APR 23 2021 79.0 Put @ .74 credit
TSLA: Big delta reduction here. Good weekly call premium to sell against.
Rolled TSLA MAR 19 2021 550.0 Put to APR 16 2021 480.0 Put @ 1.05 credit
UVXY: Covered. Keeping the hedge and bringing in good weekly cash.
Rolled UVXY MAR 5 2021 8.5 Calls to MAR 12 2021 8.5 Calls @ .41 and .27
VXX Puts
Bought to close VXX 03/05/2021 15.50 Puts @ 0.12 $ 0.07. Sold these on a rolldown last Friday @1.13.
Replaced them with 03/12/2021 14.50 Puts @ 0.21 & 0.15.
VXX opened at 15.65
February Jobs Report
#Jobs — Strongly exceeding expectations.
Gain of +379,000 non-farm payroll jobs, vs. expected gain of 210K
Unemployment at 6.2%, down by 0.1
U6 unemployment at 11.1%, unchanged
Labor force participation 61.4%, unchanged
Jan jobs revised up by +117K to +166K
Dec jobs revised down by -79K to -306K
Emini protection
#LongPutSpreads – Bought an emini 3460/3060 put spread for April monthly. 1700 bucks it cost me but makes 18,300 max if things really get ugly. Bought the long strike at the 200 day and then just sold way under it to reduce cost. As much as it pains me to actually buy something it is cheap insurance. I’ll just take it out of realized gains for the year if I have to since it’s been a great two months to start the year.
Bought /ES APR 21 (Wk3) 3460/3060 Put Spread @ 34.00 (these are $50 per point)
UVXY
Bought to close Bought to close UVXY Mar 05 2021 8.50 Puts @ 0.01. They won’t trade any lower.
These started out as Feb 12 strike 10 Puts on 2/04.
Rolled them to Feb 19 strike 9.50 Puts on 02/12.
Rolled them to Feb 26 strike 9.00 Puts on 02/19.
Finally rolled them to Mar 05 strike 8.50 puts last Friday.
All the rolls were for credits and I’m out of my last shorts.
I’m left with some long June 5.0 puts that are slightly above my cost.
GME: Another nutty trade
Low probability almost no risk. Sold $GME 3/5 145/150/155 iron fly @ 4.90.
Getting long regional banks
Sold $KRE 4/16 60 puts @ 1.65 with KRE trading around 64.95.
SPX trades
#SPX7dteLong Sold to close $SPX Mar 5th 3895/3875 put spreads for 19.60. Condors bought for 16.85 on Monday. Call spread remains, possible some profit if we get a decent bounce.
More trades to follow in the comments.
O.T.,
It sure is ugly out there today.
SPY
#ShortPuts – Add to bottom of the ladder. Outside the expected move and below the 200 day.
Sold SPY APR 16 2021 325.0 Put@ 3.35
TQQQ
A one day scalp using a spread
Bought 1 TQQQ Mar 19 2021 50.0 Put / Sold to Open 1 TQQQ Mar 05 2021 70.0 Put @ 0.14 Credit.
If this decline gets serious I want to be long an extra put after tomorrow’s expiration.
I’m hoping TQQQ won’t drop from 77 to 70 by the close tomorrow.
SNOW
#CoveredCalls – Dodged the earnings bullet so now time to work the calls back up. Same trade in two different accounts.
Rolled SNOW MAR 5 2021 210.0 Calls to MAR 19 2021 215.0 Calls @ .10 debit
LABU
#ShortPuts – Last one for a full position. After this looking mainly at SPY if we continue down.
Sold LABU APR 1 2021 65.0 Put @ 4.30
VXX New Diagonal Calls
Bought to open VXX Apr 16 2021 43.0 Calls / Sold to Open VXX Mar 12 2021 19.5 Calls at $0.04 Credit.
Bought to open VXX Apr 16 2021 42.0 Calls / Sold to Open VXX Mar 12 2021 19.5 Calls at $0.04 Credit.
VXX was at 16.15 for the first trade and 16.30 for the second.
Also rolled out my VXX 03/05/2021 19.5 Puts to next week for 0.30 Credit and
rolled out my VXX 03/05/2021 19.0 Puts to next week for 0.35 Credit.
TQQQ
Sold 1 TQQQ MAR 19 21 $61.0 Put @ 1.28 with TQQQ at 79.50
LAZR NNDM Puts Roll / LAZR Closed
#shortputs
$LAZR BTC 3/5 27 put and STO 3/12 26 put at cost of .30. Would gain .70 if assigned.
$NNDM BTC 3/19 15 put and STO 4/16 15 put at added credit of .23.
$LAZR BTC 3/5 28 put at 3.70. STO at 1.95.
UVXY
Bought to close UVXY Mar 05 2021 8.00 Puts @ 0.01. They won’t trade any lower.
This was the short side of a #ContangoSpecial trade put on Monday and was sold @ 0.13 for a 0.10 Credit on the spread.
So I’m now long UVXY Apr 16 2021 “lottery ticket” 5.00 Puts for free with more than a month to go.
GME rolling
Rolled position out:
Bought to close $GME 3/5 165/175 bear call spread @ .30 (sold for 1.50).
Sold to open $GME 3/19 165/175 bear call spread @ 1.83.
VXX
Sold to open VXX Mar 12 2021 22.0 Calls at $0.33
Sold to Open VXX Mar 12 2021 21.5 Call at $0.35.
Also rolled out my VXX 03/05/2021 21.0 Puts to next week for 0.25 Credit.
VXX = 15.50
TQQQ
Sold $TQQQ 4/16 60 put @ 3.00
REGN
#ShortPuts – Rolling out and down. I’ll look for call sales against it.
Rolled REGN MAR 19 2021 450.0 Put to APR 16 2021 435.0 Put @ .70 credit.
TQQQ
Added a tiny bit more:
Sold TQQQ Mar 19 2021 65.0 Put at $1.70
TQQQ = 83
BIIB
#ShortPuts – Just for safety.
Bought to Close BIIB MAR 19 2021 240.0 Put @ 2.00 (sold for 3.80)
FSLY
#CoveredCalls – Adding next week a little early.
Sold FSLY MAR 12 2021 69.0 Call @ 2.80
ROKU TSLA
#ShortStrangles – Rolling the call side of these down and in to get an extra sale in before March expiration.
Rolled ROKU MAR 19 2021 450.0 Call to MAR 12 2021 400.0 Call @ 1.90 credit
Rolled TSLA MAR 19 2021 950.0 Call to MAR 12 2021 750.0 Call @ 3.60 credit
VIX
up 10% today
VXX Puts
Rolled my VXX 03/05/2021 22.0 Diagonal Puts out to next week for a 0.20 Credit
VXX Spreads
Buy to Open VXX Mar 19 2021 30.0 Calls / Sold to Open VXX Mar 05 2021 17.5 Calls @ 0.04.
Buy to Open VXX Mar 19 2021 31.0 Calls / Sold to Open VXX Mar 05 2021 17.5 Calls @ 0.04.
Buy to Open VXX Mar 19 2021 32.0 Calls / Sold to Open VXX Mar 05 2021 18.0 Calls @ 0.03.
Buy to Open VXX Mar 19 2021 33.0 Calls / Sold to Open VXX Mar 05 2021 18.0 Calls @ 0.03.
Buy to Open VXX Mar 19 2021 34.0 Calls / Sold to Open VXX Mar 05 2021 18.0 Calls @ 0.03.
Short DTE = 2
Long DTE = 16
VXX at 15.30. Double top on the 1 minute chart today at about 15.57
I’ve got VXX 15.50 and 15.0 short puts for Friday I’d love to be out of so I’m encouraging it to go up
TQQQ
Sold 1 TQQQ Mar 19 2021 63.0 Put @ 1.06.
Sold 1 TQQQ Mar 19 2021 62.0 Put @ 1.07.
SNOW earnings
#CoveredCalls #Earnings – Similar positions in 2 accounts. These rolls are slightly below my basis but I’m going for more downside protection. I’ll worry about the calls being ITM later on if needed. This market feels like all news is bad news so rolling down.
Rolled SNOW MAR 5 2021 240.0 Calls to MAR 5 2021 210.0 Calls @ 23.80 credit
TQQQ
#ShortPuts – Adding to the bottom of the ladder. I may or may not have to roll this week’s but this is where I would’ve added either way.
Sold TQQQ APR 16 2021 65.0 Put @ 3.40
PTON
Roll $PTON Mar-05-2021 130 #CoveredCalls // Mar-19-2021 @1.11
SPX 7-dte
#SPX7dteLong Sold to Close $SPX Mar 3rd 3855/3835 put spreads for 7.10. Gonna try legging out, sell calls on next move up. Condors bought for 17.95 last Thursday.
More GME
Sold $GME 3/12 165/175 bear call spread @ 1.50
VXX
New VXX Diagonal Spread
Bought to open VXX Apr 16 2021 41.0 Calls / Sold to Open VXX Mar 12 2021 19.0 Calls @ 0.02 Credit.
Pushing my long hedge position for future writes out to April.
Options Bistro 