OptionsExpiration

*Expired*
AMC 04/01/2021 15.50 Diagonal Call
GME 04/01/2021 250/300 Bear Call Spread
LABU 04/01/2021 85.0 Diagonal Call
LABU 04/01/2021 90.0 Diagonal Call
VXX 04/01/2021 13.0 Diagonal Calls
VXX 04/01/2021 13.5 Diagonal Calls
VXX 04/01/2021 14.0 Diagonal Calls
VXX 04/01/2021 15.0/32.0 Bear Call Spreads
WFC 04/01/2021 40.0 Diagonal Calls

LABU 04/01/2021 70.0 Diagonal Put
LABU 04/01/2021 65.0 Diagonal Put
VIAC 04/01/2021 40.0 Diagonal Puts
VIAC 04/01/2021 35.0 Short Put
WFC 04/01/2021 36.5 Diagonal Puts

*Assignments*
WFC 04/01/2021 31.50 Covered Calls

Calendars update

$GME Apr-01-21 180/Apr-09-21 180 Put Calendar bought at @ 13.08. This one wasn’t as easy as previous weeks, highest paper profit reached was 10%ish. Wanted to hold into later the day to extract as much decay from the short leg (It was $3 even when the stock was at 190 this am). Sold half at 13.42 in the last hr. For the remaining half, rolled into a 180/170/160 put BF for 12.1 credit, so the BF net cost $1. With how GME moves around, there “should” be opportunities to get out for some profit next week.

$V May-21-21 215/Apr-01-21 215 Call Calendar bought @ 5.1, rolled short leg to 4/9 217.5 for 0.42 credit

$XBI Apr-01-21 140/Jun-18-21 140 Call Calendar @5.9, rolled the short to 4/9 145 for 0.36 credit.

I closed almost all my credit spread trades, as remaining risk/reward drop below 1:0.2.

Have a nice weekend!

Expirations

#optionsexpiration
$WYNN 127 call
$TAN 85 put Thank you @fuzzballl
$LABU 70 put Thank you @fuzzballl
$LABU 65 put Thank you @optioniceman
$MARA 43 put
$MRVL 48.5 put

Happy Easter Weekend to all.
Stay well

UVXY – Closing a long Put position

Sold to close UVXY Apr 16 2021 5.0 Puts @ 0.23.
Purchased these on March 1st @ 0.04 while writing March 5th 8.0 Puts against them that ultimately expired.
A #WinWin on a #UVXYContango trade.

I’m still long June 4.0 and 5.0 Puts that I continue to write against.

The next reverse split can’t be too far off with the stock at 5.40

AAPL

#BullPutSpreads – Just for fun, taking a directional shot the week before earnings. I’ll take the stock for earnings if needed.

Sold AAPL APR 23 2021 128.0/122.0 Bull Put Spread @ 3.70

OSTK

#ShortPuts #Covered Calls – Stock getting called away for nice gains so replacing with a starter. Should be a week or two before earnings.

Sold OSTK APR 16 2021 59.0 Puts @ 1.16
Sold OSTK APR 16 2021 60.0 Puts @ 1.35

SNOW

#ShortPuts #CoveredCalls – Letting stock get called away at a slight loss. Replacing with this to work it back to even.

Sold SNOW APR 16 2021 220.0 Put @ 4.00

EDIT: And…should be week before earnings at least.

Sold SNOW APR 30 2021 220.0 Put @ 6.40

VXX Put Roll

Last Trade today
Bought to close VXX Apr 01 2021 11.5 Puts / Sold to Open VXX Apr 09 2021 11.5 Puts at $0.23 Credit

Jobs Report tomorrow

Even though stock market is closed, the March jobs report will be released at 8:30am ET.

SPX trades

#SPX1dte Sold to Open $SPX Apr 5th 3925/3945-4065/4085 iron condors for 1.05, SPX at 4012, IV 8.2%, deltas -.06 +.06.

Expiring worthless: Apr 1 3905/3925-4035/4055 condors, sold yesterday for 1.15

#SPX7dteLong Expected to expire with max credit of 20.00: Apr 1st 3980/4000 call spreads. Condors bought Monday for 15.60

#spxweeklysummary

LABU Put Roll

Bought to close 1 LABU 04/01/2021 75.0 Put @ 0.05. Sold this on a rolldown last Thursday @ $5.92

Replaced it with 1 LABU 04/09/2021 70.0 Put @ $1.25

LABU

#ShortPuts – Another one for safety.

Bought to Close LABU APR 1 2021 80.0 Put @ .40 (sold for 2.20)

Sold LABU APR 16 2021 72.5 Put @ 3.20

EDIT: Last one this week in this ticker. Going out a week and down.

Rolled LABU APR 1 2021 85.0 Put to APR 9 2021 81.0 Put @ .15 credit

TQQQ

#ShortPuts -This was one I had to roll from the the beginning of the ladder. Taking it here on the bounce.

Bought to Close TQQQ APR 23 2021 79.0 Put @ 1.25 (sold for 3.05)

more SOXL

#ShortPuts – Taking all the rest of them off. With the big moves this thing can make not worth holding 2 more weeks.

Bought to Close SOXL APR 16 2021 32.0 Puts @ .37 (sold for 2.65)
Bought to Close SOXL APR 16 2021 33.0 Puts @ .45 (sold for 3.10)
Bought to Close SOXL APR 16 2021 34.0 Puts @ .56 (sold for 3.80)

LABU

#ShortPuts – Closing and opening. Filled on the bounce and filled on the dip.

Bought to Close LABU APR 1 2021 75.0 Put @ .05 (sold for 2.80)

Sold LABU APR 16 2021 72.5 Puts @ 3.00

SOXL again

#ShortPuts – Booking a couple more in each expiration. Still a lot (for me) left.

Bought to Close SOXL APR 16 2021 32.0 Puts @ .40 (sold for 2.65)
Bought to Close SOXL APR 16 2021 33.0 Puts @ .50 (sold for 3.10)
Bought to Close SOXL APR 16 2021 34.0 Puts @ .63 (sold for 3.80)

TLRY

The short calls have done their work for this week, so I covered at a slight gain and rolled them up above some of my short puts for next week.
Bought to close TLRY Apr 01 2021 23.0 Calls at 0.30 average price.
Sold TLRY Apr 09 2021 25.5 Calls at $0.52
Sold TLRY Apr 09 2021 26.0 Calls at $0.50

ABNB

STO $ABNB Apr-23-2021 160/170 #BuPS @1.40 – Probably could do better now.

Holding $ABNB 155/165 Apr-16-2021 #BuPS from a previous roll.

SOXL

#ShortPuts – This position is a little over sized so taking a couple off.

Bought to Close SOXL APR 16 2021 35.0 Puts @ .77 (sold for 2.65)

NFLX

#ShortPuts – Taking it a couple weeks early on the nice run up.

Bought to Close NFLX APR 16 2021 465.0 Put @ .88 (sold for 3.50)

ENPH

Rolled $ENPH Apr-16-2021 195 #CoveredCalls // Apr-22-2021 200 #CoveredCalls @0.50 credit for $5 higher strike

First time I’ve seen weeklies for this symbol.

FSLR FSLY

#ShortPuts – These are just getting back to even from some covered calls that got run over below my basis a few weeks ago. I’ll take them!

Bought to Close FSLR APR 16 2021 75.0 Puts @ .30 (sold for 2.25)

Bought to Close FSLY APR 16 2021 60.0 Puts @ .52 (sold for 1.60)

LABU Scalp

Sold to open LABU Apr 01 2021 85.0 Call at $0.65.
Sold to open LABU Apr 01 2021 90.0 Call at $0.20.
Paired with my 65/70/75 short puts for today