Optimism Abounds

bloomberg

VRTX

#BullPutSpreads – Thanks @Iceman for pointing this one out. Playing for a bounce with a very directional bull put spread. Selling a couple weeks before earnings also. Currently 40 percent off all time high with recent bad news about a lung cancer drug. Still seems to be some nice price targets on it even after the downgrades. I’ll manage it same way I do all of my aggressive directional bull put spreads.

Sold VRTX JUL 9 2021 200.0/190.0 Bull Put Spread @ 7.00

VRTX

#FallingKnife
Added a tiny bit more at 190

SPX trades

#SPX7dteLong Bought to Open $SPX June 21st 4225/4245-4255/4275 iron condors for 15.70, with SPX at 4249.

#spx1dte

LABU ROKU SPOT TWTR

#ShortPuts #CoveredCalls – A little early on a couple but nice to see some volatility coming back.

LABU: Adding.
Sold LABU JUL 16 2021 59.0 Put @ 2.80
Sold LABU JUL 16 2021 61.0 Put @ 2.20
Sold LABU JUL 16 2021 62.0 Put @ 2.50

ROKU: Rolling covered and a new position.
Rolled ROKU JUN 18 2021 320.0 Call to JUL 16 2021 320.0 Call @ 5.40 credit
Sold ROKU JUL 16 2021 310.0 Put @ 6.00

SPOT: Rolling covered.
Rolled SPOT JUN 18 2021 235.0 Call to JUL 2 2021 235.0 Call @ 2.35 credit

TWTR:
Bought to Close TWTR JUN 18 2021 55.5 Puts @ .05 (sold for 1.04)

UPST Call

#coveredcalls
$UPST STO 6/18 130 call at 2.30 Thanks for the idea @honkhonk81

VLO Put

#shortputs
$VLO STO 6/18 81 put at .80

VXX

Sold VXX Jun 18 2021 35.5 Covered Calls at $0.36 with the stock @ 31.80.

At the same time I sold some long puts that may end up out of the money on Friday.
Sold to close VXX1 Jun 18 2021 8.0 Puts at $0.35.
(this is the same as selling 1 VXX 32.0 Put @ 1.40)

LABU

Sold 1 LABU Jun 18 2021 64.0 Put at $0.65
#OnlySpreads