SPXpire

#SPX1dte Expiring worthless: $SPX Apr 14th 4070/4090-4190/4210 condors, sold yesterday for .85.

Bummer of an exit on the 7dte trade… could have gotten 5.05 if I’d waited, but instead got .65

LABU

Adjustment to the June/Apr 70 call calendar.

Rolled 4/16 70 short calls to 4/30 75 for 0.23 credit, to make the spread into delta positive and theta positive again.

VXX Calls

Sold to Open VXX 04/16/2021 10.5 Call at $0.19 with the stock at 10.22.
Sold to Open VXX 04/16/2021 11.0 Call at $0.13 with the stock at 10.31.

I’ve got 10.00 an 10.50 short puts on VXX for this week that I would love to see expire so I’m daring the stock to go up.

LABU

Sold 1 LABU 04/16/2021 77.0 Call @ 0.83 to offset some of the risk of holding my short 65.0 Puts until Friday.

Total premium on the 65/77 strangle now at $3.75

SPX trades

#SPX7dte Sold to close $SPX Apr 14th 4105/4125 call spreads for 15.60. Still holding put spreads. Condors bought last Thursday for 14.95.

Don’t know what just hit the market but it has potential to kill my trade so I got out with small profit. Still holding put side and will hopefully get bit more for it, but as these things usually pan out, I probably sold at the bottom. I’ve been away from my desk almost the whole morning, but happened to be here at the exact right time to make a panic trade!

VXX – Covering up the rest of the long stock

Sold to Open VXX May 07 2021 14.5 Call at $0.29
Sold to Open VXX May 07 2021 15.0 Call at $0.26
Sold to Open VXX May 07 2021 15.5 Call at $0.23
Sold to Open VXX May 07 2021 16.0 Call at $0.21
Sold to Open VXX Apr 30 2021 14.0 Call at $0.20
Sold to Open VXX Apr 30 2021 14.5 Call at $0.17
#OptionLadder

TQQQ

#ShortPuts – A brand new starter ladder.

Sold TQQQ MAY 21 2021 85.0 Put @ 2.00
Sold TQQQ MAY 21 2021 84.0 Put @ 2.00
Sold TQQQ MAY 21 2021 83.0 Put @ 2.00

EDIT: Added 83 strike

WFC Calls – closing the long

Sold to close WFC 04/16/2021 42.50 Calls at $0.33
Bought these on 01/22 at $0.21 and again on 02/08 @ $0.23.
They have been acting as long hedges against short diagonal calls since then.
The last of the writes against these were the 40.50 and 41.00 short diagonal calls that expired Friday.
#WinWin

TQQQ,

STO June 18, 75 puts at 2.31

WYNN Put Roll / O Put

#shortputs
$WYNN BTC 4/16 134 put and STO 4/23 132 put at added credit of .25
$O STO 5/21 65 put at 1.25

GME

Scaled out the $GME Apr-23-21 145/Apr-16-21 145 Call Calendar at 30-50% profit.

It has pushed above the upper breakeven price at expiration.

ROKU pre earnings (part 3)

#ShortPuts – A little more aggressive this time selling at the rising 20 day and right at the expected move.

Sold ROKU APR 30 2021 345.0 Put @ 3.75