OptionsExpiration

A main monthly expiration – as a bunch of long hedges roll off along with the latest shorts.

== Expired ==
AMC 07/16/2021 38.0 Diagonal Call
AMC 07/16/2021 40.0/60.0 Bear Call Spreads
AMC 07/16/2021 43.0/65.0 Bear Call Spread
AMC 07/16/2021 46.0/70.0 Bear Call Spread
AMC 07/16/2021 23.0/10.0 Bull Put Spreads
AMC 07/16/2021 24.0/10.0 Bull Put Spread
AMC 07/16/2021 25.0/10.0 Bull Put Spreads
AMC 07/16/2021 26.0/11.0 Bull Put Spreads
AMC 07/16/2021 27.0/15.0 Bull Put Spreads
COIN 07/16/2021 210.0 Diagonal Put
SLB 07/16/2021 30.5/42.5 Bear Call Spreads
SLB 07/16/2021 30.5 Diagonal Calls
SQQQ 07/16/2021 10.5 Covered Calls
TLRY 07/16/2021 17.5 Covered Call
TLRY 07/16/2021 16.5/30.0 Bear Call Spreads
TNA 07/16/2021 123.0/50.0 Bull Put Spread
TNA 07/16/2021 124.0 Diagonal Put
TNA 07/16/2021 125.0 Diagonal Put
TNA 07/16/2021 129.0 Diagonal Call

VXX 07/16/2021 32.5/47.0 Bear Call Spreads
VXX 07/16/2021 33.0/47.0 Bear Call Spreads
VXX 07/16/2021 36.0/60.0 Bear Call Spreads
VXX 07/16/2021 46.0/80.0 Bear Call Spreads
VXX 07/16/2021 28.5/27.0 Bull Put Spreads
VXX 07/16/2021 28.0/25.0 Bull Put Spreads
VXX 07/16/2021 27.50 Diagonal Puts #VXXContango
VXX1 07/16/2021 7.0 Calendar Puts #VXXContango

== Assignments ==
TLRY 07/16/2021 28.0 Put – adj stock cost after put premium is 16.18
TLRY 07/16/2021 23.0 Puts – adj stock cost after put premium is 15.58

TLRY Put Rollouts

Rolled TLRY 07/16/2021 15.5 Diagonal Puts out a week @ 0.10 Credit
Rolled TLRY 07/16/2021 15.0 Diagonal Puts out a week @ 0.22 Credit

VXX1 Long Puts

Closed part of my long position – an unexpected fill at the asking price with the stock moving up.
Sold to close VXX1 Jan 21 2022 4.0 Puts at $0.27. Bought on 3/30/2021 @ $0.07
The long side of an old #VXXContango trade.

AMZN

BTC $AMZN 7/30 3780/3800 @3.5, sold @6.8 earlier the week.
earning on the 29th.

SOXL

#ShortPuts – Added again.

Sold SOXL AUG 20 2021 38.0 Put @ 4.00

SPX 1-dte

#SPX1dte Sold to Open $SPX July 19th 4220/4240-4375/4395 condors for 1.30, SPX at 4329, IV 10.2%, deltas -.06 +.08

No spread sold for today’s expiration.

VXX Call Ladder

Bought to close 1 VXX 07/16/2021 32.5 Covered Call at 0.01. Sold last Friday @ 0.42.
Bought to close VXX 07/16/2021 33.0 Covered Call at 0.01. Sold 3 days ago @ 0.20
Bought to close VXX 07/16/2021 33.5 Covered Calls at 0.01. Sold 3 days ago @ 0.15
Bought to close VXX 07/16/2021 34.0 Covered Calls at 0.01. Sold 3 days ago @ 0.14

Replaced them with:
VXX 07/26/2021 34.5 Covered Calls @ $0.47.
VXX 07/26/2021 34.0 Covered Calls @ $0.51.
VXX 07/26/2021 33.5 Covered Call @ $0.57.
VXX 07/26/2021 33.0 Covered Call @ $0.64

My experience with VXX is that next week’s calls will lose a bit of premium over the weekend, even if the stock is up on Monday.

And … they can have my stock at these new strike prices.

COUP LABU SOXL

#ShortPuts #BullPutSpreads – A little bit of everything today.

COUP: Taking a directional shot a couple weeks before earnings.
Sold COUP AUG 20 2021 240.0/220.0 Bull Put Spread @ 13.00

LABU: Rolling the one I dared Mr. Market to come and get. 🙂 🙂
Rolled LABU JUL 16 2021 71.5 Put to JUL 30 2021 71.0 Put @ .35 credit (2.90 total now)

SOXL: Adding.
Sold SOXL AUG 20 2021 39.0 Put @ 4.00

Options

On ZeroHedge : options trading has been concentrated in a handful of stocks, with 64% of all trading this month in just 5 names (AMZN, TSLA, AAPL,NVDA, GOOGL) ……
investors have increasingly focused on trading ultra short-dated options; options with less than 2 weeks to expiry comprise 75% of all trades …….
What is notable is that whereas recent bursts of option activity which culminated in the first quarter of 2021 targeted meme stocks, this time the call buyers are going for the FAAMGs themselves. It remains unclear if buyers of call are institutions or retail buyers – it is reasonable that if a big names was behind the ramp it would have leaked by now – it is certainly the case that absent continued option inflows, the push higher in the gigatech “generals” – which have almost single-handedly managed to push stocks to all time highs even as market breadth has collapsed…

UVXY1 Calls

Took advantage of some absurdly wide bid/ask spreads to sell more “old” strike UVXY Covered calls.
Sold 1 UVXY1 Sep 17 2021 6.0 Covered Call at $0.33
Sold UVXY1 Sep 17 2021 7.0 Covered Calls at $0.20 and $0.24
Sold UVXY1 Sep 17 2021 8.0 Covered Calls at $0.24
Sold UVXY1 Sep 17 2021 9.0 Covered Calls at $0.25
#OptionLadder

VRTX

Sold half my long VRTX stock @ 204.00. Bought on 06/11 @ 193.58

TNA Put Rolldown

Rolled TNA Jul 16 2021 86.0 Diagonal Put to next week’s TNA Jul 23 2021 82.5 Put at $0.52 Credit.
3.5 points better on the strike and now out of the money
Hedged with long Oct puts
#OnlySpreads

LABU Put Rolldown

Rolled LABU Jul 16 2021 64.0 Diagonal Puts down to next week’s 62.0 Puts at $0.05 Credit.
2 points better on the strike

Rolled LABU Jul 16 2021 62.0 Diagonal Put down to next week’s 58.0 Put at $0.05 Credit.
4 points better on the strike.

Both positions hedged with long Aug & Sep puts already in the account.
#OnlySpreads

VXX Puts

I was only able to get 1 of these sold before VXX bounced.
Sold to open 1 VXX Jul 23 2021 27.0 Put at $0.18.
Paired with already long Aug 22.0 Puts.

Waiting for today’s 28.50, 28.0 and 27.50 short puts to expire.
#VXXContango

NEGG Calendar

STC $NEGG Aug/Jul 40 call calendar @4.15, bought at 3.2.

The bounce allowed for a small profit. Should have got out much earlier for a bigger profit when it came back down to 40.

TQQQ Put Close

#shortputs
$TQQQ BTC 7/30 102.5 put at .60. STO at 1.72

TQQQ Call rollup

Rolled TQQQ Jul 16 2021 118.0 Diagonal Calls up to next week’s 119.0 Calls @ 0.05 Credit.

Still hoping to cover my 129.0 call at a penny before the close

LABU Put Close / LABU Put Roll

#shortputs

LABU BTC 7/16 59 put at .85. STO at 2.60
$LABU BTC 7/16 71.50 put and STO 7/30 71 put at added credit of .15. Hope springs eternal.