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
Monthly Archives: April 2021
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
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
ENPH
Rolled $ENPH Apr-23-2021 $200 #CoveredCalls // Apr-30-2021 @1.50 Credit.
SPX trades
#SPX7dteLong Bought to Open $SPX 4120/4140-4150/4170 iron condors for 15.30, with SPX at 4146.
#SPX1dte in comments.
VXX – Covering up a bit more stock
Sold VXX Apr 30 2021 14.0 Call at $0.19
Sold VXX Apr 30 2021 14.5 Call at $0.16
#OptionLadder
ROKU pre earnings again
#ShortPuts #OneNightStand – Out for the second time on ROKU the week before earnings. Sold yesterday…
Bought to Close ROKU APR 30 2021 330.0 Put @ 1.95 (sold for 4.90)
TSLA Diagonal Pre-Earnings
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.
The short is before earnings, the long is after earnings.
WDAY,
Stock is breaking out so, BTO May 21, 270/280 call spread at 4.05, earnings on May 25.
TLRY Strangle
Sold TLRY Apr 16 2021 16/20 Strangles at $0.72 Credit
Sold TLRY Apr 16 2021 15/20 Strangles at $0.40 Credit
Stock at 17.50
WFC Puts
Sold to Open WFC Apr 16 2021 38.5 Puts at $0.17. Sold against long May/June puts
LABU DKNG Put Roll / OSTK Put Close / TSLA BUPS
#shortputs
$LABU BTC 4/16 72.5 put and STO 4/23 71 put at even
$DKNG BTC 4/16 60 put and STO 4/23 58.5 put at debit of .25. Gain 1.25 if assigned.
$OSTK BTC 4/16 60 put at .15. STO at 1.90 Thank you @fuzzballl
#bups
$TSLA STO 4/16 690/700 BUPS at 1.73
$TSLA STO 4/30 690/700 BUPS at 3.78
TSLA,
Stock is breaking to the upside and I think it can run to 800 so:
BTO April 16, 730 call at 15.00 on 1 contract
BTO, April 23, 725/740 bull call spread at 6.80
These are small trades
ABNB
TQQQ Closed
#shortputs
$TQQQ BTC 4/23 55 put at .04. STO at 2.25. Thank you @jsd501
T Roll versus T Wrecks
Final roll of day. Need Dramamine
#shortputs
$T BTC 4/16 30 put and STO 5/21 31 put at added credit of 1.15.
PENN Put Roll
#shortputs
$PENN BTC 4/16 110 put and STO 4/30 108 put at added ,10 credit and $2 less if asigned.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Apr 16th 4095/4115-4125/4145 iron condors for 15.45, with SPX at 4121.
Expected to expire at max credit of 20.00: Apr 12th 4080/4100 call spreads. Condors bought for 15.40 last Tuesday.
LABU
Sold 1 LABU Apr 16 2021 60.0 Put at $1.95 against an existing left over long put from last week’s diagonal.
I would sell a 55 put for this week if it starts trading over a point.
TQQQ,
STO May 28, 75 put at 1.66
TSLA BUPS Close / NNDM Puts Rolled
#bups
$TSLA BTC 4/16 540/560 BUPS at .10. STO at 6.41
#shortputs
$NNDM BTC 4/16 15 put and STO 5/21 15 put at even
$NNDM BTC 4/16 12.5 put and STO 5/21 12.5 put at added credit of .10even
ROKU pre earnings again
#ShortPuts – Taking another shot at the week before earnings.
Sold ROKU APR 30 2021 330.0 Put @ 4.90
VXX Covered Calls
Sold VXX Apr 23 2021 12.0 Calls at $0.24
Sold VXX Apr 23 2021 12.5 Calls at $0.20
Sold VXX Apr 23 2021 13.0 Calls at $0.17
VXX is at 10.40
#OptionLadder
TQQQ,
BTC April 16, 50 puts at .01, sold at 1.60 and that is all I have for this week.
VXX Contango Payoff
Sold to close 2 VXX 01/21/2022 8.0 Puts @ 1.80
Bought on 06/05/2020 @ 0.98
In the 9 months I’ve held the long I’ve probably recovered the long put cost half a dozen times.
Waiting until after the coming reverse split to start some new #VXXContango strategies.
VTRS
Putting this #FallingKnife on my radar.
Viatris is the combination of Mylan, maker of generic drugs and EpiPen emergency allergic reaction injection, and Pfizer’s (PFE) older drugs business called Upjohn
If you want some entertainment on a Saturday morning check out this post on Reddit
The post has over 100 comments referencing the ‘No one in my real life…..’ comments are probably applicable to most of the traders in this group…..sorry for not creating a direct link and suggesting you search for in on Reddit….but it is worth a few minutes of your time
SPY Ladder Update…..going the wrong way!
Expiration Assignment
#optionsexpiration
$MRVL 48.5 put
#assignment
$BLNK 45.4 put
Have a springtime weekend (relaxing, not sneezing).
SPX stopped
#SPX1dte Bought to close $SPX Apr 12th 4155/4175 call spreads for 1.45. Condors sold for .95 an hour ago. The pop above 4129 in the last minute breached my stop, so I closed the call spread after the bell.
OptionsExpiration
*Expired*
**Calls*
SQQQ 04/09/2021 16.5 Covered Call
TLRY 04/09/2021 25.5 Diagonal Calls
TLRY 04/09/2021 26.0 Diagonal Calls
VXX 04/09/2021 14.0 Diagonal Calls
VXX 04/09/2021 15.5 Diagonal Calls
WFC 04/09/2021 40.5 Diagonal Calls
WFC 04/09/2021 41.0 Diagonal Calls
**Puts**
LABU 04/09/2021 65.0 Diagonal Puts
TLRY 04/09/2021 19.5/15.0 Bull Put spread
WFC 04/09/2021 37.0 Diagonal Puts
*Assignments*
Unable to profitably roll these forward for another week:
VXX 04/09/2021 22.0 Put (cost basis on resulting the stock 11.26)
VXX 04/09/2021 21.0 Put (cost basis on resulting the stock 11.49)
VXX 04/09/2021 19.5 Put (cost basis on resulting the stock 11.47)
VXX 04/09/2021 19.0 Put (cost basis on resulting the stock 11.46)
I’ll write covered calls weekly to see if I can get out above my basis
PLTR
#ShortPuts – Bought to Close PLTR APR 16 2021 23.0 Put @ .42 (sold for 1.35)
LABU Put Roll
Rolled down my LABU Apr 09 2021 70.0 Puts to LABU Apr 16 2021 65.0 Puts @ 0.62 Credit.
At least my 65.0 Puts for today are still looking like they will expire, leaving me with a couple of extra long puts for next week.
TQQQ Call Roll
Rolled up my TQQQ Apr 09 2021 103.5 Call to TQQQ Apr 16 2021 107.0 Call at $0.07 Credit.
Pushed it from In the money to out of the money for next week.
SPX trades
#SPX1dte Sold to Open $SPX Apr 12th 4035/4055-4155/4175 iron condors for .95, with SPX at 4110, IV 7.9%, deltas -.08 +.06
Expiring: Apr 9th 4030/4050-4135/4155 condors, sold yesterday for 1.05
Expiring with max credit of 20.00: Apr 9th 4080/4100 call spreads, bought Monday for 15.20. Also add .60 from selling put spread this morning.
VXX Puts – closing some small longs
Sold to close 1 VXX 09/17/2021 10.0 Put @ 2.25. Bought on 09/04/2020 @ 0.70.
Sold to close 1 VXX 06/18/2021 10.0 Put @ 1.37. Bought on 05/08/2020 @ 0.65.
Sold to close 1 VXX 06/18/2021 9.0 Put @ 0.75. Bought on 06/30/2020 @ 0.40.
Rounding out my positions preparing for the coming split.
MARA RIOT Put Roll / TAN Put Close / AAPL BUPS Close
#shortputs
$MARA BTC 4/9 54 put and STO 4/23 50 put at added credit of .45 and gain $4 if assigned.
$RIOT BTC 4/9 59 put and STO 4/23 57 put at added credit of .45 and gain $2 if assigned.
$TAN BTC 4/`680 put at .25. STO at 1.85. Thank you @fuzzballl
#bups
$AAPL BTC 4/16 115/120 BUPS at .04. STO at 1.20. Thank you @ramie77
TQQQ,
STO May 14, 80 puts at 1.67, adding to the position.
TQQQ, BTC April 9, 100…
TQQQ, BTC April 9, 100 puts at .14 cents, sold at 1.11 so better to take the risk off the table today.
SOXL
#ShortPuts – Adding small…
Sold SOXL MAY 21 2021 36.0 Puts @ 1.80
Sold SOXL MAY 21 2021 37.0 Puts @ 2.10
SPX 7-dte
#SPX7dteLong Sold to close $SPX Apr 9th 4070/4050 put spreads for .60. Relying on the 4080/4900 call side for the main profit. Condors bought for 15.20 on Monday.
LABU OSTK
#ShortPuts – Rolling one and booking a bunch.
LABU:Rolled to the back of the line.
Rolled LABU APR 9 2021 81.0 Put to APR 30 2021 78.0 Put @ .30 credit
OSTK: Nice two day bounce up to resistance. Taking well over half here.
Bought to Close OSTK APR 16 2021 58.0 Puts @ .35 (sold for 1.05)
Bought to Close OSTK APR 16 2021 59.0 Puts @ .44 (sold for 1.16)
Bought to Close OSTK APR 16 2021 60.0 Puts @ .54 and .55 (sold for 1.75 and 1.35)
VXX Reverse split
Barclays Bank PLC Announces Reverse Split of the iPath ® Series B S&P 500 ® VIX Short-Term Futures™ ETNs
Barclays Bank PLC (“Barclays”) announced today that it will implement a 1 for 4 reverse split of its iPath ® Series B S&P 500 ® VIX Short-Term Futures ™ ETNs (CUSIP: 06746P621) (the “ETNs”) which it intends to be effective at the open of trading on Friday, April 23, 2021. The ETNs currently trade on the CBOE BZX Exchange (“CBOE”) under the ticker symbol “VXX.”
AAPL FB BUPS Close / TQQQ Put Close
#bups
$AAPL BTC 4/23 122/128 BUPS at 1.54. STO at 2.80 on 4/5. Thank you @fuzzballl for the quickie (ooops!!)
$FB BTC 4/16 270/280 BUPS at .10. STO at 2.12.
#shortputs
$TQQQ BTC 4/9 100 put at .10. STO at 1.22. Thank you @jsd501. Another quickie. I’m exhausted.
ROKU pre earnings
#ShortPuts – Taking this 3 weeks early on the nice run up last few days.
Bought to Close ROKU APR 30 2021 307.5 Put @ 1.99 (sold for 7.10)
SPX trades
#SPX7dteLong Bought to Open $SPX Apr 14th 4075/4095-4105/4125 iron condors for 14.95, with SPX at 4095.
1-dte trade to follow in comments.
VXX Puts
New #VXXContango Trade.
Bought to Open VXX Jun 17 2022 3.0 Puts / Sold to Open VXX Apr 16 2021 10.0 Puts at $0.05 Net Credit.
Short DTE = 8
Long DTE = 435
VXX at 10.31
TSLA Diagonal Closed
On Monday I bought to Open 1 TSLA May 21 2021 900.0 Call / Sold to Open 1 TSLA Apr 09 2021 725.0 Call @ 0.60 Credit.
Today I closed both sides @ $5.60 Credit.
Total gain in 3 days was $6.20 and it frees up significant buying power.
#WinWin with a credit in and another credit out
TQQQ,
In my IRA, STO May 21, 75 put at 1.45
VXX Puts
My short strike price finally caught up to the strike on my existing long term puts left over from earlier #VXXContango Trades.
Sold VXX 04/16/2021 10.0 Puts @ 0.20.
Sold against existing long June 10 and September 10 Puts.
SPXpire
#SPX1dte Expiring worthless: $SPX Apr 7th 3995/4015-4110/4130 condors, sold yesterday for 1.10.
#SPX7dteLong Expiring for max credit of 20.00: Apr 7th 3995/4015 call spreads. Condors bought for 15.75 last Wednesday.
LABU
Last new positions for this week in this stock.
Sold LABU 04/09/2021 65.0 Puts @ 0.65.
LABU at 73.75.
2 DTE
AAPL
#BullPutSpreads – Got the little run up to the 50 day so booking it.
Bought to Close AAPL APR 23 2021 128.0/122.0 Bull Put Spread @ 2.02 (sold for 3.70)
SOXL
#ShortPuts – Adding…
Sold SOXL MAY 21 2021 34.0 Puts @ 1.75
FB BUPS Close / NAIL Put
#bups
$FB BTC 4/16 280/270 BUPS at .20. STO at 2.12
#shortputs
$NAIL STO 4/16 83 put at 3.00. Volatile bull ETF
TLRY
Sold TLRY 04/09/2021 19.50 Puts @ 0.52.
Stock at 20 and at the March/April low.
#FallingKnife
OSTK
#ShortPuts – Adding. This should be before earnings. No confirmed date yet but probably early May.
Sold OSTK APR 16 2021 58.0 Puts @ 1.05
REGN pre earnings
#BullPutSpreads – Similar to the AAPL trade last week. Taking a directional position in the week before earnings. Manage if needed into the earnings week. Chart is starting to look pretty bullish.
Sold REGN APR 30 2021 500.0/480.0 Bull Put Spread @ 11.26 (filled instantly at better than mid so can do better)
TQQQ,
STO May 14, 80 put at 1.95
AMZN roll up
With the call side (3250/3260 bear call spread) of my iron condor getting breached, rolled $AMZN Apr 16 3100/3090 bull put spread up to 3250/3240 @ 3.91 credit. Position is now a 3240/3250/3260 iron fly with total premium taken in 8.76/max loss 1.24.
TQQQ,
STO April 9, 100 put at 1.11, taking a flyer on a very small trade.
LABU FSLR Put Close / WIX Roll Call
#shortputs
$LABU BTC 4/9 77 put at 1.60. STO at 7.47. Thank you @fuzzballl
$FSLR BTC 4/16 75 put at .20. STO at 2.10. Thank you @fuzzballl
#coveredcalls
$WIX BTC 4/16 300 call and STP 5/21 320 call at added credit of 5.40
LABU
Jumping on the train with y’all. Sold $LABU May 21 60 puts @ 3.60.
SPX trades
#SPX7dteLong Bought to Open $SPX Apr 12 4050/4070-4080/4100 iron condors for 15.40, with SPX at 4073.
1-dte trade to follow in comments.
LABU
Sold 1 LABU Apr 09 2021 70 Put at $1.05. Adding to my position.
I still have extra long Puts from earlier diagonal spreads.
LABU
#ShortPuts – Filled while I was out. Adding one…
Sold LABU APR 23 2021 70.0 Put @ 2.75
SOXL
#ShortPuts – Tiny starter position. Come and get it Mr. Market. I’ll be waiting. 🙂 🙂
Sold SOXL MAY 21 2021 35.0 Puts @ 1.74
ROKU pre earnings
#ShortPuts – Caught an upgrade this morning so rolling the put sale from yesterday up to the new expected move and near recent lows. Staying in the week before earnings.
Rolled ROKU APR 30 2021 280.0 Put to APR 30 2021 307.5 Put @ 3.22 credit (7.12 total now)
TSLA Diagonal Pre-earnings
Bought to Open 1 TSLA May 21 2021 900.0 Call / Sold to Open 1 TSLA Apr 09 2021 725.0 Call @ 0.60 Credit.
The short is before earnings, the long is after earnings.
Gained about 1.20 on the spread prices by today’s close.
#BoredToDeath Trade
Closing May LABU
Bought to close 5/21 45 puts @ .80. Sold for 2.60 on 3/29.
SPXpiration ugly
TSLA
Rolled $TSLA Apr-09-2021 700/710 #BeCS // Apr-23-2021 710/720 @0.20 Debit Stock popped to 705 or so today
AMC
Rolled $AMC Apr-09-2021 14 #ShortPuts // Apr-23-2021 @0.36 Credit
Rolled $AMC Apr-09-2021 14 #CoveredCalls // Apr-23-2021 @0.39 Credit
TQQQ,
All of the 110 calls that I sold are now covered calls. I bought the stock and the chart is breaking to the upside in spite of interest rates.
Options Bistro 