STO July 30, 75 put at 1.17
Monthly Archives: June 2021
TQQQ
#ShortPuts – Approaching all time highs again and a nice looking triple top. Taking 65 percent 5 weeks early. I’ll be looking to add around the 200 day on next weakness. Start around 90 strike and work down from there.
Bought to Close TQQQ JUL 16 2021 80.0 Put @ .89 (sold for 2.27)
Bought to Close TQQQ JUL 16 2021 81.0 Put @ .96 (sold for 2.75)
Bought to Close TQQQ JUL 16 2021 82.0 Put @ 1.02 (sold for 2.95)
SPY long puts
Gap up into resistance and fading. With market at its highs looking for a bit of a pullback. Bought $SPY 6/25 420 puts @ 2.87. Will take off if the market does its recent Friday up thing in the afternoon but if not I will probably leave over the weekend to hedge for a Monday move down.
LABU
#ShortPuts – One little red bar today after a big run but you’ve gotta start somewhere. Come and get it Mr. Market.
Sold LABU JUL 16 2021 60.0 Put @ 2.55
COUP PINS ROKU SNOW SPOT
#ShortPuts #CoveredCalls – Closing and opening.
COUP: Post earnings quickie.
Bought to Close COUP JUL 16 2021 195.0 Put @ 1.75 (sold for 4.20)
PINS:Expiring. Already sold next batch.
62.0 Puts (sold for .90)
ROKU: Still holding a little stock covered. Booking the rest.
Bought to Close ROKU JUN 18 2021 315.0 Put @ .65 (sold for 5.10)
Bought to Close ROKU JUN 18 2021 320.0 Put @ 1.02 (sold for 6.50)
SNOW: Booking and reloading.
Bought to Close SNOW JUN 18 2021 220.0 Put @ .85 (sold for 3.30)
Bought to Close SNOW JUN 18 2021 225.0 Put @ 1.50 (sold for 4.90)
Sold SNOW JUL 16 2021 215.0 Put @ 4.40
Sold SNOW JUL 16 2021 220.0 Put @ 5.50
SPOT: Covered rolling another week. Old earnings trade with even as the goal.
Rolled SPOT JUN 11 2021 235.0 Call to JUN 18 2021 235.0 Call @ 1.50 credit
Closing BIIB
Just sold the last of the 6/11+6/18 400 put calendar @ 6.00 for 200% profit on this lot. Scaled out in 4 tranches with an average overall profit of 140%. I’ll take this any time. Thanks again for the awesome trade idea @Hawk!
MSFT,
STO August 20, 240 put at 3.80
GS BUPS Close / REGN Put Close
#bups
$GS BTC 6/18 350/360 BUPS at .20. STO at 2.97
#shortputs
$REGN BTC 6/18 at .40. STO at 4.20. Thank you @fuzzballl
VXX Put rolldowns
Rolled 1 VXX Jun 11 2021 33 Put to next week’s VXX Jun 18 2021 32 Put at $0.03 Credit
Rolled 1 VXX Jun 11 2021 34.5 Put to next week’s VXX Jun 18 2021 34 Put at $0.17 Credit
Rolled 1 VXX Jun 11 2021 35 Put to next week’s VXX Jun 18 2021 34.5 Put at $0.09 Credit
Still have a 32.0 put left to cover or roll Friday
SPY IC Ladder Update…continuing to improve
CRWD,
STO JUly 16, 200 put at 2.10
VXX Covered Calls
Rolled VXX Jun 11 2021 37 Calls to VXX Jun 18 2021 37.5 Calls at 0.33 Credit
SPX trades
#SPX7dteLong Bought to Open $SPX 4215/4235-4245/4265 iron condor for 14.45, with SPX at 4237.
VXX Long Puts
Sold a small part of my long
VXX1 06/18/2021 8.0 Puts @ $.030 and 0.35.
Bought them on 01/15/20.21 at $0.09 as the long part of a diagonal spread.
I will probably hang on to the rest and will likely exercise them next week to dump some on my long stock since they are in the money
GME Rollup
Bought to close 1 GME 06/11/2021 235.0 Call / Sold 1 GME 06/18/2021 260.0 Call at $5.05 Credit.
Pushed the short strike out of the money for next week with a nice cash flow.
I still have one more 260 call expiring tomorrow. It’s written against a Jul 02 long positions so I’m going to let it play out.
GME – closing a diagonal
Bought to close 1 GME 06/11/2021 260.0 Call / Sold to close 1 GME 06/18/2021 310.0 Call @ 0.05 Credit
I’ll have to do some research to calculate the final gain because I rolled the short twice for a credit, and got a credit on the original spread.
So a #WinWin trade with a credit in and a credit on the way out.
LABU
#ShortPuts – Completely out of this one now. Nice run and trading near high of the day so taking them a week early. Ready to reload next down day.
Bought to Close LABU JUN 18 2021 63.0 Put @ .54 (sold for 2.70)
Bought to Close LABU JUN 18 2021 64.0 Put @ .65 (sold for 2.45)
Bought to Close LABU JUN 18 2021 65.0 Put @ .75 (sold for 2.30)
Bought to Close LABU JUN 18 2021 66.0 Put @ .90 (sold for 2.70)
COUP earnings
#ShortPuts #Earnings – Getting a little bounce today so taking over half. Still holding the post earnings July 195 strike.
Bought to Close COUP JUN 11 2021 220.0 Put @ 1.50 (sold for 3.70)
VXX
Bought to close VXX Jun 11 2021 46 Calls at $0.01
PINS
#ShortPuts – Replacing some that look safe tomorrow.
Sold PINS JUL 9 2021 60.0 Puts @ .95
SPX trades
#SPX7dteLong Sold to Close $SPX June 14th 4225/4205 put spread for 5.80. Condors bought for 14.75 on Tuesday. Looking for a bounce back up to close call spreads.
MNMD
#BullPutSpreads – Filled on the rest of the long 2.5s.
Final position:
Sold MNMD JUL 16 2021 5.0/2.5 Bull Put Spreads @ 1.63
TNA
#ShortPuts – Haven’t been in this one in a long time. Throwing a starter out there down near the 200 day and outside the expected move.
Sold TNA JUL 16 2021 75.0 Put @ 1.50
LAZR
#ShortPuts – Slowly buy surely.
Bought to Close LAZR JUN 11 2021 20.5 Put @ .05 (sold for 1.35)
Bought to Close LAZR JUN 11 2021 21.0 Put @ .05 (sold for 1.66)
Sold LAZR JUL 2 2021 21.5 Put @ 1.10
Sold LAZR JUL 2 2021 22.0 Put @ 1.30
VXX Long Puts
Sold a small part of my long
VXX1 06/18/2021 9.0 Puts @ $1.07. Bought them on 01/20 at $0.25 as the long part of a diagonal spread.
I will probably hang on to the rest and will likely exercise them next week to dump some on my long stock since they are in the money
TQQQ,
BTC June 11, 70 put at .01 , That is all for this week.
MNMD
#ShortPuts – Whiz trade.
Sold MNMD JUL 16 2021 5.0 Puts @ 1.80
Then on my own in addition to his trade:
Bought MNMD JUL 16 2021 2.5 Puts @ .17 (only got a partial)
ALB Put Roll Up / TQQQ Put
#shortputs
$ALB BTC 6/18 160 put and STO 6/18 165 put at added .55 credit
$TQQQ STO 7/16 85 put at 1.90
VXX – more covered calls
Sold to Open:
VXX Jun 18 2021 37.5 Call at $0.81
VXX Jun 18 2021 37.0 Call at $0.86
VXX Jun 18 2021 36.5 Call at $0.94
#OptionLadder
LABU
Closing my last short position in this name
Bought to Close 1 LABU Jun 11 2021 55.0 Put at $0.05. It won’t trade any lower.
Sold this at $3.25.
I’m left with some long September Puts at 35 and 40 that are free lottery tickets because I recovered the cost with my initial writes against them at the time of purchase.
Continuing to scale out of BIIB put calendar
Sold 6/11+6/18 400 put calendar @ 5.00 for 150% profit on this lot. I have now taken 60% of my position off and will hopefully be completely out by later today or tomorrow. It’s been a terrific trade, thank you @Hawk.
TQQQ,
STO January 2022, 40 put at 2.10
CHWY earnings question
@Hawk Is this something that could work? Set the trade prior to the event. I know we did BIIB after the announcement but can the same theory work prior? What’s my biggest risk in something like this? Earnings tonight.
Sell Jun 11th 80 put and Buy Jun 18th 80 put @ about .70 debit
VXX Covered Calls
Only a couple of days until expiration so scalping some short term premium.
Sold to Open:
VXX Jun 11 2021 37.0 Call at $0.21
VXX Jun 11 2021 36.5 Call at $0.24
VXX Jun 11 2021 36.0 Call at $0.29
#OptionLadder
WFC early rollup
Used this morning’s weakness to adjust a short call.
Bought to close WFC Jun 11 2021 45.5 Calls at $0.74. Sold these last week on a rollout at $1.42
Sold to Open WFC Jun 18 2021 46.0 Calls at $0.77 for a Net Credit of $0.03
LAZR
#ShortPuts – Partial…
Bought to Close LAZR JUN 11 2021 20.0 Put @ .05 (sold for 1.20)
GOOGL,
The state of Ohio sues to have GOOGL declared a public utility.
TQQQ,
BTC a partial of the June 11, 70 puts at .01, sold at 1.59, I should cover the rest tomorrow or the next day.
SPX trades
#SPX7dteLong Bought to Open $SPX June 14th 4205/4225-4235/4255 iron condors for 14.75, with SPX at 4230.
SOXL,
STO August 20, 25 put at 1.05
EL LEN NVTA Calls / LABU SOXL Put Close / SNOW SOXL COUP Put / T Put Roll
#coveredcalls
$EL STO 6/18 310 call at 1.60
$LEN STO 6/11 97 call at .70
$NVTA STO 6/18 32.50 call at .56
#shortputs
$LABU BTC 6/11 66 put at 1.08. Rolled twice for total credits of 8.20. Thank you @fuzzballl
$LABU BTC 6/18 65 put at 2.75. STO at 9.62.
$LABU BTC 6/18 64 put at 1.80. STO at 8.90.
$SNOW STO 7/2 230 put at 4.70. Thank you @jsd501
$COUP STO 7/16 195 put at 3.30. Thank you @fuzzballl
$SOXL BTC 6/18 37 put at 2.75. STO at 9.86. @fuzzballl strikes again. Merci!
$SOXL STO 6/18 34 put at 2.05.
$T BTC 6/18 31 put and STO 7/16 31 put at added credit of .53
Most shorted stocks
Zero Hedge is talking up how profitable it would have been to buy their most shorted stocks back in January at the beginning of the meme hype. Here is their latest list. https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again
BIIB partial profits
Sold to close 6/11+6/18 400 put calendar @ 3.00 for 50% profit on a small portion of my position. Still holding on to most of it, planning to scale out at higher profit targets.
VXX
Sold 1 VXX Aug 20 2021 46.0 Covered Call at $3.15.
LABU
#ShortPuts – Replacing some closed yesterday.
Sold LABU JUN 18 2021 63.0 Put @ 2.70
COUP post earnings
#ShortPuts – Sold COUP JUL 16 2021 195.0 Put @ 4.20
#tqqq sto TQQQ 23, JUL…
sto TQQQ 23, JUL 85 PUT @2.61
VLO Call / SNOW Put Close
#coveredcalls
$VLO STO 6/11 85 call at .75
#shortputs
$SNOW BTC 6/18 205 put at .40. STO at 3.10. Thank you @fuzzballl
SPX trades
#SPX7dteLong Bought to Open $SPX June 11th 4230/4250 call spreads for 8.30.
Waiting for the close to collect on today’s 4215/4235 long call spread.
BIIB
#IronLizard – Closing it now at slightly less than the 20 points the call side would be worth on Friday. All risk off with a decent gain.
Bought to Close BIIB JUN 11 2021 270/300/320/340 Iron Lizard @ 19.20 (sold for 24.20)
BIIB
#ShortPuts – Why can’t they all work like this? 🙂
Bought to Close BIIB JUN 18 2021 225.0 Put @ .25 (sold for 9.30)
$BIIB
Wow
SNOW,
Looking good here so STO, July 2, 230 put at 4.73 with stock at $251
LABU long Call
Sold to close my LABU Jun 25 2021 85.0 Call at $1.40. Bought it at 0.72 on 05/27..
This was a long side hedge against past short calls that have all expired, including last Friday’s 66.0 Call.
MNMD
#LongStock – Too early this morning but took a scalp on quite a few shares.
Sold MNMD Stock @ 3.30 (bought for 3.05)
COUP earnings
#ShortPuts – Really pushing my luck here but the chart looks like it could be bottoming and it’s at the low end of it’s recent range.
Sold COUP JUN 11 2021 220.0 Put @ 3.70
#TQQQ BTC TQQQ 11 JUN…
BTC TQQQ 11 JUN 70 PUT @.02 //had bto @ 1.70 on 5.4.21
LABU
#ShortPuts – Taking some a couple weeks early on the bounce.
Bought to Close LABU JUN 18 2021 50.0 Put @ .30 (sold for 2.20)
Bought to Close LABU JUN 18 2021 50.0 Put @ .70 (sold for 2.70)
BIIB aducanumab decision
#ShortPuts – Got a defined risk in one account. Going a little riskier with the naked put sale in a different account. Going out a week and selling barely inside the expected move at multi year lows including where the stock bottomed the last time this drug was denied.
Sold BIIB JUN 18 2021 225.0 Put @ 9.30
SOXL
#ShortPuts – Adding.
Sold SOXL JUL 16 2021 34.0 Put @ 2.10
Sold SOXL JUL 16 2021 35.0 Put @ 2.45
Expirations / TSLA BUPS Close / SOXL Put Close / TQQQ Put Roll
#optionsexpiration #coveredcallssdc-assignment
$GME @ramie77 splendid 180/190/310/300 IC
$VLO 84 call Covered
$AG 18 call Covered
$LEN 99 call Covered
$RBLX 95 put
$F 13 put
$F 13.5 call Stock called away
#bups
$TSLA BTC 6/18 540/550 BUPS at 1.50. STO at 2.45.
#shortputs
$SOXL BTC 6/18 35 put at .80. STO at 4.13. Thank you @fuzzballl
$TQQQ BTC 6/4 110 put and STO 6/11 109 put at cost of .40.
Enjoy the weekend
OptionsExpiration
Expired:
AMC 06/04/2021 15.0 Puts
LABU 06/04/2021 66.0 Diagonal Call
LABU 06/04/2021 55.0 Diagonal Put
SQQQ 06/04/2021 17.0/12.0 Bear Call Spreads
VXX 06/04/2021 33.0 Diagonal Put – #VXXContango
VXX 06/04/2021 46.0 Covered Call
VXX 06/04/2021 46.0/50.0 Bear Call Spreads
VXX1 06/04/2021 13.50 Diagonal Calls
Assignments:
VXX1 06/04/2021 13.0 Puts (25sh each) – adj cost 34.00 after put premium
VXX1 06/04/2021 12.0 Puts (25sh each) – adj cost 33.64 after put premium
VXX1 06/04/2021 10.5 Puts (25sh each) – adj cost 33.80 after put premium
VXX1 06/04/2021 10.0 Puts (25sh each) – adj cost 33.52 after put premium
Everything else was rolled to next week.
SOXL
#ShortPuts – Taking more. Everything in this ticker is now in July.
Bought to Close SOXL JUN 18 2021 34.0 Put @ .59 (sold for 3.85)
Bought to Close SOXL JUN 18 2021 35.0 Put @ .75 (sold for 3.25)
Bought to Close SOXL JUN 18 2021 36.0 Put @ .97 (sold for 2.75)
VXX Puts rolled down
Rolled 1 VXX 06/04/2021 36.0 Put to next week’s 35.5 Put @ 0.26 Credit
Rolled 1 VXX 06/04/2021 35.0 Put to next week’s 34.5 Put @ 0.34 Credit
Rolled 1 VXX 06/04/2021 34.0 Put to next week’s 33.0 Put @ 0.25 Credit
Rolled 1 VXX 06/04/2021 33.50 Put to next week’s 32.0 Put @ 0.16 Credit.
#VXXContango shorts against July and September longs
Rolling Jan TSLA
Rolled $TSLA Jan 21 2022 200 put up to 300 put @ 6.50 credit. Total premium now 11.65.
SPX trades
#SPX7dteLong Earlier: Sold to close $SPX June 4th 4215/4235 call spreads for 8.25. Bought last Friday for 8.80. Small loss, but better than yesterday when it got below 2.00. It’s in profit range now had I waited. Finally getting the move from the Upside Warning. Two other call spreads expiring next week are looking good.
TSLA
From Carter Worth
VXX
Closing more long #VXXContango long side puts.
Sold VXX1 06/18/2021 8.0 Puts @ 0.27. Bought last November @ 0.22 and 0.23.
Wrote against them many, many times.
These were my highest cost lots. If VXX drops below 32, my remaining long puts go in the money.
TMV,
STO June 18, 74 put at 2.40
TQQQ,
STO July 23, 70 put at 1.21
TSLA,
I bought the butterfly back for $1.00, finally made a little money on Tesla.
LAZR SPOT
#ShortPuts #CoveredCalls – A couple trades this morning.
LAZR: New starter positions.
Sold LAZR JUN 25 2021 21.0 Puts @ 1.00
Sold LAZR JUN 25 2021 21.5 Puts @ 1.20
SPOT: An old earnings trade. Breakeven is the goal.
Bought to Close SPOT JUN 4 2021 237.5 Call @ .22 (sold for 4.20)
Sold SPOT JUN 11 2021 235.0 Call @ 5.02
VXX
Exiting some put spreads. The shorts can’t be rolled to next week as the pre-split strikes aren’t available so I closed the long puts hedging them too.
Bought to close VXX1 Jun 04 2021 9.0 Puts at $0.52. Sold these last week at $0.61.
Bought to close VXX1 Jun 04 2021 8.5 Puts at $0.14. Sold these last week at $0.19.
Sold to close VXX1 Jun 18 2021 9.0 Puts at $0.89 and $0.90. Bought these in November, December and January at $0.40, 0.31 and 0.25
TQQQ,
BTC June 4, 80 put at .01, sold at 1.40
BTC June 4, 70 put at .01, sold at 1.07 in my IRA
That is it for today.
May Jobs Report
#Jobs — Again lower than expectations, but a strong improvement on April’s disappointment. Restaurants added almost 1 in every 3 of the new jobs. Still 7.6 million jobs lower than before pandemic.
Gain of +559,000 non-farm payroll jobs, vs. expected gain of 671K.
Unemployment at 5.8%, down by 0.3
U6 unemployment at 10.2%, down by 0.2
Labor force participation 61.6%, down by 0.1
Average Hourly Earnings up 0.5%
March revised up by +15K to +785K
April jobs revised up by +12K to +266K
Options Bistro 