#SPX7dteLong Bought to Open $SPX June 9th 4200/4220 call spreads for 7.00.
Yes, I’m still stocking by my bullish stance. I will probably sell tomorrow’s call spread at a loss today, but holding out for a rebound.
Monthly Archives: June 2021
LABU
#ShortPuts – Adding one.
Sold LABU JUN 18 2021 54.0 Put @ 2.70
GME early rollup
Rolled my short GME Jun 04 2021 230.0 Calls to GME Jun 11 2021 260.0 Calls at $5.75 Credit.
This pushed the short strike to an at-the-money position.
SLV Puts
Rolled short SLV Jun 04 2021 25.0 Puts to SLV Jun 11 2021 24.5 Puts at $0.07 Credit.
SLV dipped to 25.07 this morning.
AMC Adjustments
Sold AMC Jun 04 2021 15.0 Puts at $0.10.
Rolled 1 AMC Jun 04 2021 22.0 Call to 1 AMC Jun 11 2021 23.0 Call at $0.25 Credit.
The stock dipped below 39 as this trade executed
VXX Adjustments
Bought to open 1 VXX Jul 16 2021 25.0 Put at $0.11. I will use this as a long hedge for writing weekly #VXXContango Put sales for the next 6 weeks
Sold 1 VXX Jun 18 2021 50.0 Call at $0.77. Sold against an existing long call from an earlier spread.
Sold 1 VXX Jun 25 2021 50.0 Call at $1.15. Sold against an existing long call from an earlier spread.
Sold VXX1 Jun 18 2021 11.0 Call at $0.28
Sold VXX1 Jun 18 2021 12.0 Call at $0.21.
Trying to sell more of these.
Rolling TSLA
Rolled profitable Jun 18 short 415 put up and out to Jul 2 500 put (12 delta) @ 5.83 credit
SOXL TQQQ
#ShortPuts – Looking out to July now.
SOXL: First sale in this expiration.
Sold SOXL JUL 16 2021 33.0 Put @ 2.20
TQQQ: Adding a couple.
Sold TQQQ JUL 16 2021 81.0 Put @ 2.75
Sold TQQQ JUL 16 2021 82.0 Put @ 2.95
TQQQ,
STO July 16, 75 put at 1.61
SOXL
#ShortPuts – More size reduction. Slightly better prices than yesterday.
Bought to Close SOXL JUN 18 2021 34.0 Put @ .70 (sold for 3.85)
Bought to Close SOXL JUN 18 2021 35.0 Put @ 1.00 (sold for 3.25)
Bought to Close SOXL JUN 18 2021 36.0 Put @ 1.30 (sold for 2.75)
TQQQ
#ShortPuts – Anchor position for hopefully a nice July ladder. Thanks @walter6871 !
Sold TQQQ JUL 16 2021 80.0 Put @ 2.27
#tqqq STO TQQQ 2 JUL…
STO TQQQ 2 JUL 84 PUT @1.90
BIIB aducanumab decision
#BullPutSpreads – IV much higher than a typical earnings announcement so taking a shot. Playing it to the upside with defined risk selling an ITM bull put spread. If it tanks then the lower the better for starting a covered call program.
Sold BIIB JUN 11 2021 300.0/270.0 Bull Put Spread @ 20.20
Trying to sell 3-4 call spreads above it somewhere to help with basis reduction on an implosion but to still preserve some decent profits to the upside. Sort of an unbalanced iron jade condor lizard 🙂 🙂
https://www.barrons.com/articles/fda-biogen-decision-biotech-stocks-51622553280
EDIT: Went wider on the call spread and sold at the expected move. Max profit window is 300-320 with no upside risk. Basis on an implosion will only be 5.80 above wherever the stock is trading at Friday expiration.
Sold BIIB JUN 11 2021 320.0/340.0 Bear Call Spread @ 4.00
BIIB REGN
#ShortPuts – Taking these off to make room for a roll of the dice on BIIB next week. Looks like the announcement could come anytime between now and the 7th.
Bought to Close BIIB JUN 4 2021 245.0 Put @ 1.35 (sold for 3.20)
Bought to Close REGN JUN 18 2021 475.0 Put @ 2.20 (sold for 4.20)
TSLA
Tesla Global EV Market Share Collapses To 11% In April, From 29% In March: Credit-Suisse
LABU Put Roll
#shortputs
$LABU BTC 6/4 67 put and STO 6/11 66 put at added credit of .70
GME
Extending the time duration of my long position after I rolled up my short earlier.
Sell to Close 1 GME Jun 11 2021 310 Call at $40.92. Purchased @ $6.88 on 5/25.
Bought to Open 1 GME Jul 02 2021 400 Call for a Net Credit of $0.40
AMC Crazy
Bought to Open 1 AMC Jul 16 2021 60 Call / Sold to Open 1 AMC Jun 11 2021 40 Call at $1.10 credit.
The short Filled at $26.45 with the stock at 43.
I’ve got over a week before I have to worry about rolling the short.
ALB RBLX TQQQ Put / LEN Covered Call
#shortputs
$ALB STO 6/18 165 put at 3
$RBLX STO 6/4 95 put at 1.27
$TQQQ STO 7/16 80 put at 2.10. Thank you @walter6871
#coveredcalls
$LEN STO 6/4 99 call at .50
ZM earnings
#JadeLizards #Earnings – I may have closed this too soon but will take it.
Bought to Close ZM JUN 4 2021 295.0/320.0/325.0 Jade Lizard @ 4.00 (sold for 5.25)
GME early roll
Last week I rolled up a short GME call to a GME Jun 04 2021 215 Call @ 53.85.
Today I rolled again. Bought back the GME Jun 04 2021 215 Call @ 44.71 and rolled it up 20 points to next week’s GME Jun 11 2021 235 Call for a Net Credit of $1.99
Assigned on NIO covered call on Friday….will reopen new position
#TQQQ right at closing time…
#TQQQ
right at closing time and i was out of town/now back.
STO TQQQ 16 JUL 80 PUT @2.26
TQQQ RIOT Puts Close / VUZI Call / NVDA Jade Lizard Close
#shortputs
$TQQQ BTC 6/18 45 put at .05. STO at 1.26. Thank you @jsd501
$ROKU BTC 6/4 23 put at .20. STO at 2.47.
#coveredcalls
$VUZI STO 6/18 20 call at .80.
#earnings
$NVDA BTC 575/650/660 Jade Lizard at 6.80. STO at 9.30. Thank you @fuzzballl
SOXL
#ShortPuts – Reducing size slightly.
Bought to Close SOXL JUN 18 2021 34.0 Put @ .95 (sold for 3.85)
Bought to Close SOXL JUN 18 2021 35.0 Put @ 1.20 (sold for 3.25)
Bought to Close SOXL JUN 18 2021 36.0 Put @ 1.45 (sold for 2.75)
ZM earnings
#Earnings #JadeLizards – Not much going on so taking a shot at this. Selling put side near recent lows and slightly in the money on the call side playing for a down move. No upside risk.
Sold ZM JUN 4 2021 295.0/320.0/325.0 Jade Lizard @ 5.25
VXX
Adding short calls against existing long calls
Sold VXX Jul 02 2021 50.0 Call at $1.44
Sold VXX Jul 09 2021 50.0 Call at $1.75
AMC
Sold 1 AMC Jun 04 2021 32 Call at $4.70
XOP,
STO June 25, 90 put at 2.22, oil is hot this week.
TQQQ,
BTC January 2022, 25 puts at .953, sold at 2.773
STO January 2022, 40 puts at 2.30, so, I just rolled it up for a credit of 1.35
VXX Covered Calls
Sold to Open all the following covered calls to replace some that expired Friday:
VXX Jul 09 2021 46 Call at $1.99
VXX Jul 02 2021 46 Call at $1.69
VXX Jun 25 2021 46 Call at $1.32
VXX Jun 18 2021 46 Call at $0.93
VXX Jun 11 2021 46 Call at $0.42
LABU
Sold to open 1 LABU Jun 04 2021 55.0 Put at $0.85.
That leaves me with a 55.0/66.0 short strangle as my only LABU position for this week.
SPX trades
#SPX7dteLong Sold to close $SPX June 2nd 4200/4180 put spreads for 3.25. Leaving 4210/4230 call side for later today or tomorrow.
Looking for max credit for today’s 4195/4215 call spreads.
TLRY adjustment
Closed out an old TLRY long hedge when I liquidated my 06/18/2021 28.0 Calls @ $0.52.
Also sold some TLRY 06/11/2021 24.0 Diagonal Calls @ $0.52 against some long July calls also in the account.
AMC
Another spike opening higher but not a powerful as the one Friday.
Bought to open AMC 07/16/2021 38.0 Calls / Sold to open AMC 06/18/2021 27.0 Calls @ 0.30 Credit.
Plenty of rolling or re-write potential.
Upside Warning in effect
#VIXIndicator An Upside Warning took effect on Friday after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. Expect higher prices in coming days or weeks.
Last three Upside Warnings:
Mar 15 2021: close on that day: 3969. Subsequent high was 4238 on May 7. 40 trading days, +6.8%
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%
Options Bistro 