It looks like the selloff after this morning’s gap may be over. Sold $SNAP May 21 45/53/65/72 iron condor @ 1.86. The wings are uneven (8 wide on the put side/7 wide on the call side) only because of strike availability in the May monthly expiration.
Monthly Archives: April 2021
UVXY Put Roll
Rolled UVXY Apr 23 2021 5.0 Puts to UVXY Apr 30 2021 5.0 Puts at $0.18 Credit.
Sold against long June 4.0 and 5.0 Puts already in the account.
SPX 7dte
#SPX7dteLong Sold to close $SPX Apr 23rd 4170/4190 call spreads for 8.65. Coupled with 11.00 for put spreads yesterday, 19.65 total. Condors bought for 15.65 on Monday.
AXP May
Sold to open $AXP 5/21 135 puts @ 1.35. Post-earnings with IV still elevated.
11 Months into AMAZ Covered Call Campaign
VXX Put winner
Bought to close VXX 04/23/2021 9.50 Diagonal Puts @ 0.01.
They won’t trade any lower and I’m out before tomorrow’s reverse split in VXX.
Sold these last week on a rolldown @ 0.18 average price.
#VXXContango
O Puts Roll / CZR Put / SNOW Put Close
#shortputs
$O BTC 5/21 62.50 put and STO 5/21 67.5 put at added .70 credit
$CZR STO 4/30 94.50 put at 2.51
$SNOW BTC 4/30 220 put at 2.40. STO at 6.40. Market giving me the chills. Thank you @fuzzballl
SPX trades
#SPX7dteLong Bought to Open $SPX Apr 28th 4110/4130-4140/4160 iron condors for 16.95, with SPX at 4138
VXX Put rolldown
A rare chance to roll down the strike.
Bought to close VXX Apr 23 2021 10.5 Puts / Sold to Open VXX Apr 30 2021 10.0 Puts at $0.02 Credit.
Sold the 10.50 puts last Friday on a roll @ 0.85. Covered today @ 0.32.
The new short strike has now reached the strike of my long June 10 Puts.
#VXXContango
TQQQ PUT Close
#shortputs
$TQQQ BTC 5/21 50 put at .10. Thank you @jsd501
JMIA Iron Condor
Sold $JMIA 5/21 20/25/40/45 iron condor @ 1.58 with the stock at 30.15. Short puts are much closer than short calls but because of call skew this is more delta neutral/slightly bullish.
SPX trades
#SPX7dteLong Well, day could not end worse with SPX almost precisely in middle of the Dead Zone. Had the chance to sell for over 17 near the open but wanted to wait it out for max profit of 20.00. A Screamingly bullish day denied me. So I sold put side for .90 and call side for 1.35 in the last half hour of the day. 4145/4165-4175/4195 condors bought for 15.40 last Thursday, so 13.15 loss.
#SPX1dte Expiring worthless: 4050/4070-4180/4200 condors, sold yesterday for 1.00.
LABU
#ShortPuts – One of my bigger positions so taking it on the bounce today.
Bought to Close LABU APR 23 2021 70.0 Puts @ 2.08 (sold for 4.05)
Throwing a new starter out there too.
Sold LABU MAY 14 2021 60.0 Put @ 2.45
VXX and UVXY Puts
2 Rolls today
Rolled UVXY 7.0 Puts to next week for a 0.07 Credit
Rolled VXX 11.0 Puts to next week for a 0.17 Credit
LABU Calls
As a partial offset to the short puts I sold earlier in the week,
Bought 1 LABU May 21 2021 100 Call / Sold to Open LABU Apr 23 2021 74.0 Call at $0.35 Credit
and
Sold 1 Sold to Open LABU Apr 23 2021 76.0 Call @ 0.65 against a long call already in the account.
That gives me 2 short straddles for this week:
Short 65.0/74.0 Straddle – total premium $3.30
Short 60.0/76.0 Straddle – total premium $2.30
ROKU
#CoveredCalls – Stock was assigned at 450 but all the premium sold has reduced basis to 392.60. Rolling next week’s call to below my basis but with earnings the following week should be a decent roll opportunity if needed.
Rolled ROKU APR 30 2021 400.0 Call to APR 30 2021 370.0 Call @ 4.10 credit
BIIB
ShortPuts – Earnings tomorrow. I’ll be out the rest of the week so taking this one out and down quite a bit. Selling near the expected move and closer to longer term support.
Sold BIIB MAY 21 2021 245.0 Put @ 3.50
LABU Put Roll
#shortputs
$LABY BTC 4/23 71 put and STO 4/30 69 put at added credit of .30
Help Me Understand (not a political post one way or another)
What do these percentages mean in actual dollars? Assume a 100 grand buy and sell in just stock. No idea how it would affect options. Based on notional? (ouch). If I’m reading this correctly it’s quite eye opening.
https://cnb.cx/3v7tMpt
NIO and VIAC Covered Calls
Markets
TLRY
Sold TLRY Apr 23 2021 15.0 Puts at $0.37.
Pairs off with the TLRY 20.50 Calls I sold yesterday.
Total premium for the 15.0/20.50 Strangle is $0.88
SPX trades
#SPX7dteLong Bought to Open $SPX Apr 26th 4100/4120-4130/4150 iron condors for 16.75, with SPX at 4124.
#SPX1dte trade will follow in comments.
IWM TNA
With the Russell2000 being hit so hard today, I’m looking for a way to play a bounceback.
Targeting TNA as that vehicle
#OnlySpreads
https://www.zerohedge.com/markets/small-caps-are-puking
SOXL TQQQ
#ShortPuts – A couple fills earlier. Adding to various ladders.
Sold SOXL MAY 21 2021 37.0 Put @ 3.10
Sold TQQQ MAY 21 2021 82.0 Put @ 2.00
WFC
Sold WFC Apr 23 2021 41.0 Puts at $0.15.
This pairs up with my short WFC 43.50 Calls for this week giving me a 41.0/43.50 short strangle.
Total Premium now $0.94
LABU
Sold 1 LABU Apr 23 2021 60.0 Put at $1.93.
This is my second one of these
TQQQ
Sold 1 TQQQ Apr 23 2021 99.0 Put at $0.58.
This pairs up with my short TQQQ 109.0 Call for this week giving me a 99.0/109.0 short strangle.
Total Premium now $5.00
ABT CC….ABT misses on revenue….might be opportunity to add
SPX trades
#SPX7dteLong Bought to Open $SPX Apr 23rd 4140/4160-4170/4180 iron condors for 15.60, with SPX at 4160.
Fingers crossed for a bullish close.
LABU
Sold 1 LABU Apr 23 2021 60.0 Put at $1.65.
Continuing to replace LABU Puts that expired Friday.
VXX – More Calls
Sold VXX Apr 23 2021 11.5 Calls at $0.16
Sold VXX Apr 23 2021 11.0 Calls at $0.21
Sold VXX Apr 23 2021 10.5 Calls at $0.31
I’ve done all that I can to encourage the stock higher so that some short puts expire on Friday.
TQQQ,
STO MAy 28, 90 put at 3.05 in my IRA
SOXL TQQQ
#ShortPuts – Adding to ladders.
Sold SOXL MAY 21 2021 38.0 Put @ 3.00
Sold TQQQ MAY 21 2021 88.0 Put @ 2.00
Sold TQQQ MAY 21 2021 87.0 Put @ 2.00
Sold TQQQ MAY 21 2021 86.0 Put @ 2.00
SPX 7dte
#SPX7dteLong Sold to close $SPX Apr 19th 4120/4100 put spreads for 1.25. Looking for a bounce to get full 20.00 on call side. Condors bought for 15.25 last Tuesday.
TLRY
Sold TLRY 04/23/2021 20.50 Calls @ 0.51.
Replaces strike 20 calls that expired Friday.
VXX Calls
On the first spike to 10.15 I sold:
VXX 04/30/2021 10.50 Calls @ 0.52
VXX 04/30/2021 11.00 Calls @ 0.42
VXX 04/30/2021 11.50 Calls @ 0.32
VXX 04/30/2021 12.00 Calls @ 0.26
VXX 04/30/2021 12.50 Calls @ 0.22
LAZR
#CoveredCalls – Sold LAZR MAY 21 2021 20.0 Calls @ 1.35
Earnings Calendar…
…in right column has been updated
LABU
Sold 1 LABU Apr 23 2021 65 Put at $2.10.
This is a start to replace the short LABU 65 and 60 Puts that expired Friday.
VXX
Selling some long Puts to get ready for Friday’s split.
Sold to close VXX Jan 21 2022 5.0 Puts @ 0.46.
This was my first lot of these puts bought on 05/26/2020 at $0.29.
I’ve been writing against them for almost a year. I still have plenty left with an average cost of $0.16
#VXXContango
TQQQ,
BTC April 23, 85 puts at .05, sold at .95 in my IRA
STO April 30, 110 put at 4.01 in the trading account.
SPX summary of week
#SPXWeeklySummary
#SPX1dte
Summary of week: Mon -.50 loss, Wed +.85, Fri +.85
+1.20 profit for week
#SPX7dteLong
Summary of week: Monday +4.60, Wednesday +.65, Friday +4.55.
+9.80 profit for week
This week’s expirations
5 wins, 1 loss
Total P/L combined: profit of +11.00
I was traveling Friday and didn’t place a 1dte trade for Monday. I am spending two weeks in the Denver area.
Earnings
Expirations / Assignments
#optionsexpiration
$TQQQ 65 put
$O 62.5 put
$O 65 put
$CCJ 20 call
$CCJ 16 put
$CZR 85 put
$NVDA 655 call
$SENS 3.5 call
$AG 16 call
$DAN 26 call
$MRVL 50 call
$MARA 56 call
$AMZN 2940/2950 BUPS
$AMZN 3240/3250 BUPS Thank you @ramie77 for showing your trade management skills for the IC
$TSLA 690/700 BUPS
$Z 165/180 BUCS Total Loss
#assignment
$FSR 20 put
$NEO 55 put
$MRVL 48 put
$NNDM 12.5 put
$WATT 4 put
OptionsExpiration
*Expired*
==Calls==
LABU 04/16/2021 77.0/135.0 Bear Call Spread
SLB 04/16/2021 28.0/37.5 Bear Call Spreads
TLRY 04/16/2021 20.0/60.0 Bear Call Spread
TLRY 04/16/2021 20.0/70.0 Bear Call Spreads
VXX 04/16/2021 10.5/41.0 Bear Call Spreads
VXX 04/16/2021 11.0/41.0 Bear Call Spreads
VXX 04/16/2021 11.5/42.0 Bear Call Spreads
VXX 04/16/2021 12.0/42.0 Bear Call Spreads
VXX 04/16/2021 12.0/43.0 Bear Call Spreads
VXX 04/16/2021 18.0/43.0 Bear Call Spreads
VXX 04/16/2021 18.5/43.0 Bear Call Spreads
==Puts==
LABU 04/16/2021 60.0/45.0 Bull Put Spread
LABU 04/16/2021 65.0 Diagonal Puts
REGN 04/16/2021 410.0 Short Put
TLRY 04/16/2021 16.0/14.0 Bull Put Spreads
TLRY 04/16/2021 15.0 Diagonal Puts
WFC 04/16/2021 38.5/30.0 Bull Put Spreads
*Assignments*
None
SPX 1 DTE
#spx1dte
$SPX STO 4/19 4120/4100 – 4225/4245 iron condors at .91
VXX Puts
Bought to close VXX 04/14/2021 10.0 Puts @ 0.16. Zero time value with the stock at 9.84.
Sold these on 04/08 @ $0.22 and $0.23.
Done for today
MARA Put Close / MARA Put Roll / SHOP BUPS Close / GNRC Put
#shortputs
$MARA BTC 4/16 39 put at .16. STO at 7.54
$MARA BTC 4/16 54 put and STO 4/30 52.50 put at even
$GNRC STO 5/21 300 put at 6.20
#bups
$SHOP BTC 4/16 1190/1200 BUPS at .50. STO at 3.30
BIIB pre earnings
#ShortPuts – Filled earlier on this so was hoping for a late afternoon implosion on it. Earnings next week so looking for a down move to re-load.
Bought to Close BIIB APR 16 2021 260.0 Put @ .05 (sold for 4.30)
LABU
#ShortPuts – So close. Still great premium.
Bought to Close LABU APR 16 2021 70.0 Put @ .50 (sold for 3.10)
Sold LABU MAY 7 2021 60.0 Put @ 2.55
Rolled LABU APR 16 2021 72.5 Puts to APR 23 2021 70.0 Puts @ 1.45 credit (4.50 total now)
REGN pre earnings again
#BullPutSpreads #ShortPuts – Got the directional move I needed with the ITM BuPS sale. (thank you TTM squeeze indicator). Taking that off and repalcing it with a slightly less directional put sale. Still in the week before earnings.
Bought to Close REGN APR 30 2021 500.0/480.0 Bull Put Spread @ 6.00 (sold for 11.26)
Sold REGN APR 30 2021 490.0 Put @ 4.50
WFC Rollup
Rolled my WFC Apr 16 2021 43 Calls to WFC Apr 23 2021 43.5 Calls @ 0.03 Credit.
I really thought this one was going to expire.
TQQQ Rollup
Rolled 1 TQQQ Apr 16 2021 107 Call up to 1 TQQQ Apr 23 2021 109 Call @ 0.12 Credit.
This is my 2nd roll on this one
LABU
Bought to close 1 LABU 04/16/2021 75.0 Call @ 0.01. Sold this on Wednesday @ 0.75
Looking for pin candidates for today?
Found this list on Zero Hedge: https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move
VXX Long Puts – 10 bagger
I Bought 2 VXX 04/16/2021 11.0 Puts @ $0.09 on 02/03/2021.
I just sold them at the life of contract high(until today at least) @ $1.11
That’s a rare 1000% gain.
SOXL
#ShortPuts – Adding…
Sold SOXL MAY 21 2021 38.0 Puts @ 2.00
PLTR
#CoveredCalls – These will be covered after today.
Sold PLTR MAY 21 2021 24.0 Calls @ 1.38
SNOW
#ShortPuts – New sale should be a week or two before earnings.
Bought to Close SNOW APR 16 2021 220.0 Put @ .20 (sold for 4.00)
Sold SNOW APR 23 2021 225.0 Put @ 3.10
OSTK pre earnings
#ShortPuts – Adding…
Sold OSTK APR 23 2021 67.5 Put @ 1.35
TQQQ,
STO April 23, 110 put at 3.15 for a small trade.
TSLA Diagonal Closed
On Tuesday afternoon I Bought to Open 1 TSLA May 21 2021 975 Call / Sold to Open 1 TSLA Apr 16 2021 775 Call at $1.20 Net Credit.
Today I closed both sides @ $5.80 Credit.
Total gain in 2 days was $7.00 and it frees up significant buying power.
#WinWin with a credit in and another credit out
SPX trades
#SPX7dteLong Bought to Open $SPX Apr 21st 4145/4165-4175/4195 iron condors for 15.40.
#SPX1dte Sold to Open $SPX Apr 16th 4085/4105-4210/4230 iron condors for .85
LAZR
Anyone still in this one?
#FallingKnife
NAIL Put Close
#shortputs
$NAIL BTC 4/16 put at .40. STO 4/3 at 3.00
TSLA &WDAY
I took a small loss on my trades in both stocks. From now on I am just trading options on index ETF’s. I have never made any money trading TSLA and will ban it from my computer.
OSTK pre earnings
#ShortPuts – Just a small starter for something to do the week before earnings.
Sold OSTK APR 23 2021 67.5 Puts @ 1.10
SOXL,Yesterday
STO August 20, 25 puts at 1.80
LABU,
STO September 17, 40 puts at 3.30
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
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
Options Bistro 