Rolled TLRY 07/23/2021 15.5 Diagonal Puts to next week for a credit of $0.21
Rolled TLRY 07/23/2021 15.0 Diagonal Puts to next week for a credit of $0.27
Monthly Archives: July 2021
ROKU
I take back everything I called myself yesterday after letting myself get stopped out of the naked call side of my 380/440 strangle.
🙂 🙂 🙂
SPOT
#ShortPuts #CoveredCalls #Earnings – Taking stock assignment at 249.40 in the pre earnings trade. Selling earnings week covered call now in case the stock remains weak. In an IRA so have to spread it. Selling for max downside protection near breakeven.
Sold SPOT JUL 30 2021 237.5/385.0 Bear Call Spread @ 11.50
TWTR post earnings
#ShortPuts – Selling the expected move at the 50 day. Partial position so far.
Sold TWTR AUG 20 2021 62.5 Puts @ 1.05
SNAP TWTR earnings
#ShortPuts – I’ll take ’em.
Bought to Close SNAP JUL 23 2021 57.5 Puts @ .01 (sold for 1.00)
Bought to Close TWTR JUL 23 2021 63.0 Puts @ .05 (sold for 1.10)
#tqqq #spx btc TQQQ 27…
NVDA post split pre earnings
#ShortPuts – Taking the two day gain three weeks early.
Bought to Close NVDA AUG 13 2021 170.0 Put @ 1.10 (sold for 3.25)
TQQQ,
STO September 17, 75 put at 1.15
SOXL,
STO January 2022, 20 put at 1.31 in my IRA
STO January 2022, 20 put at 1.34 in my trading account
STO TQQQ, August 27, 90 put at 1.04 in the trading account.
VXX Put Roll
Bought to close VXX Jul 23 2021 30.5 Diagonal Puts / Sold to Open VXX Jul 30 2021 29.0 Diagonal Puts at $0.06 Credit.
Pushed the short strike (temporarily) out of the money for next week.
#VXXContango
SNAP earnings
#ShortPuts – Small one just for fun.
Sold SNAP JUL 23 2021 57.5 Puts @ 1.00
TNA Put Rolldown
Bought to close TNA 07/23/2021 88.5 Diagonal Put at $4.41. Sold on a rolldown last Friday at $8.99.
Sold a TNA 07/30/2021 86.0 Diagonal Put at $4.46, or a 0.05 Credit on a 2.5 point rolldown for one more week.
I am hoping my 07/23/2021 82.5 Put sold at $2.88 expires tomorrow.
TWTR earnings
Sold $TWTR Jun 23 61/78 strangle @ 1.49. Strikes are 2 standard deviations away. Expected move is around +/- 6 points with the stock at 69.60.
#tastytradefollow
VXX Call roll
Bought to close VXX Jul 23 2021 37.0 Covered Call at $0.09. Sold on 7/19 at $2.29.
Replaced it with a VXX Jul 30 2021 37.0 Covered Call at $0.70.
LABU Put Rolldown
Bought to close LABU 07/23/2021 64.0 Diagonal Puts at $0.72. Sold on a rolldown last week at $3.95.
Sold LABU 07/30/2021 56.0 Diagonal Puts at $0.77, or a 0.05 Credit on a 8 point rolldown for one more week.
I am hoping my 07/23/2021 60.0 Put sold at $3.23 and my 07/23/2021 58.0 Put sold at $2.00 both expire tomorrow.
TQQQ Call Rollup
Rolled TQQQ 07/23/2021 119.0 Diagonal Calls to next week’s 07/30/2021 120.0 Diagonal Calls @ .05 Credit
AMC Trades
Rolled short AMC 07/23/2021 30.0 Diagonal Calls to AMC 07/30/2021 31.0 Diagonal Calls @ 0.05 Credit.
Also sold 1 AMC 07/23/2021 43.0 Diagonal Call @ 1.12.
1 DTE
TWTR earnings
#ShortPuts – Sold TWTR JUL 23 2021 63.0 Puts @ 1.10
ROKU
#ShortStrangles – Selling a call got me again. Stop was hit at breakeven.
Bought to Close ROKU JUL 30 2021 440.0 Call @ 8.15
Strangle sold for 8.15. Leaving 380 put side alone and waiting for earnings now.
VXX Call Rolls
Bought to close VXX Jul 23 2021 46.0 Covered Calls at $0.02. Sold over the last few weeks at $0.56 avg price.
Replaced them with VXX Jul 30 2021 36.0 Covered Calls at $0.63.
Bought to close VXX Jul 23 2021 40.0 Covered Calls at $0.06. Sold over the last few weeks at $0.87 avg price.
Replaced them with VXX Jul 30 2021 36.5 Covered Calls at $0.67.
Bought to close VXX Jul 23 2021 36.0 Covered Calls at $0.12. Sold on 7/19 at $1.72 and again at $2.62.
Replaced them with VXX Jul 30 2021 36.0 Covered Calls at $0.73.
AMC Calls
Sold AMC 07/23/2021 47.0 Diagonal Calls at $1.12 and again at $1.75
2 DTE
SOXL
#ShortPuts – Taking a couple more scalps on the bounce. Now completely back to my original ladder.
Bought to Close SOXL AUG 20 2021 39.0 Put @ 2.35 (sold for 4.00)
Bought to Close SOXL AUG 20 2021 40.0 Put @ 2.75 (sold for 4.10)
SPY
#ShortPuts – Hadn’t really planned on holding the full 60 days just playing for a good bounce. Taking over 35 percent of max in a couple days.
Bought to Close SPY SEP 17 2021 380.0 Put @ 2.37 (sold for 3.80)
Bought to Close SPY SEP 17 2021 390.0 Put @ 3.12 (sold for 4.70)
OSTK Put Close
#shortputs
$OSTK BTC 7/23 82 put at .70. STO at 2.65. Thank you @fuzzballl
VXX
Missed this trade from yesterday as it is in a side account
Bought to open 1 VXX Jan 21 2022 15 Put Limit at $0.60.
#VXXContango
SOXL
#ShortPuts – Nice bounce from the dip. Taking the quick scalps and leaving original ladder in place.
Bought to Close SOXL AUG 20 2021 36.0 Put @ 1.60 (sold for 4.00)
Bought to Close SOXL AUG 20 2021 37.0 Put @ 1.90 (sold for 4.30)
Bought to Close SOXL AUG 20 2021 38.0 Put @ 2.20 (sold for 4.00)
#spx btc VERTICAL SPX 23…
#spx
btc VERTICAL SPX 23 JUL 4175/4170 PUT @.10
sold for .60
TQQQ call
Sold to close 1 TQQQ 07/30/2021 135.0 Call @ 1.01. Dumping it as I think it is destined to expire with the strike price above the all-time high of 134.08.
Bought it on 06/21 at $0.81 as the long side of a diagonal spread.
The short has already expired so a #WinWin trade
I think this might be a good one to short for next week as well.
ZM pre earnings
ShortPuts – Selling a couple weeks before earnings and outside the expected move.
Sold ZM AUG 20 2021 310.0 Put @ 3.20
NFLX post earnings
#ShortPuts – Selling at recent lows and at the expected move.
Sold NFLX AUG 20 2021 475.0 Put @ 4.25
SPX 7-dte
#SPX7dteLong Sold to close $SPX July 21st 4340/4320 put spreads for 3.90. Leaving call spreads for a bit later as the rally seems to have strength. Missed this one big time; should have sold put side Monday and I’d be collecting a double on this trade.
Also, doubled down on next Monday’s put spread. Bought more of the June 26th 4260/4240 put spreads for 1.60. Adding to the ones I bought yesterday for 5.65
SPX trades
I’m not selling an #SPX1dte trade today as the market is too unpredictable and the moves too large. Obviously I was way too early on my bearish trades this morning. Will likely double down if we open tomorrow higher or flat.
NFLX earnings analysis
#Earnings $NFLX reports tonight after the bell. Below are details on earnings one-day moves over the last 12 quarters.
April 20, 2021 AC -7.40%
Jan. 19, 2021 AC +16.85%
Oct. 20, 2020 AC -6.92%
July 16, 2020 AC -6.52%
April 21, 2020 AC -2.86%
Jan. 21, 2020 AC -3.58%
Oct. 16, 2019 AC +2.46%
July 17, 2019 AC -10.27%
April 16, 2019 AC -1.31%
Jan. 17, 2019 AC -3.98%
Oct. 16, 2018 AC +5.28%
July 16, 2018 AC -5.24%
Avg (+ or -) 6.06%
Bias -1.96%, negative bias on earnings.
With stock at 535.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 503.28 to 566.72
Based on AVERAGE one-day move over last 12 quarters: 502.60 to 567.40
Based on MAXIMUM one-day move over last 12 Q’s (16.9%): 444.85 to 625.15
Based on DOWN max only (-10.3%): 480.06
Open to requests for other symbols.
TNA Calls
Sold TNA Jul 23 2021 88.5 Diagonal Calls at $0.54.
Paired with existing short 88.50 & 82.50 Diagonal Puts creating one 88.50 straddle and one 82.50/88.50 strangle.
TNA is up 7 points today
New VXX Contango Trades
Bought to open VXX Jun 16 2023 5.0 Put/ Sold to Open VXX Jul 23 2021 30.5 Put at $0.07 Credit.
Short DTE = 3
Long DTE = 696
Bought to open VXX Jun 16 2023 5.0 Puts/ Sold to Open VXX Jul 30 2021 28.5 Puts at $0.07 Credit.
Short DTE = 10
Long DTE = 696
#VXXContango
Markets
- What downside warning?
TLRY
Sold TLRY Jul 23 2021 15.5 Covered Calls at $0.11
Sold TLRY Jul 23 2021 16.00 Diagonal Calls at $0.09.
vs stock put to me Friday
VXX early Put rolldown
Using the elevated stock price to do an early rolldown
Bought to close VXX Jul 23 2021 32.0 Diagonal Put at $0.97. Sold last week on a roll at $3.53.
Replaced it with a short VXX Jul 30 2021 30.5 Diagonal Put at $1.14 for a 0.17 Credit.
Dropped the short strike 1.50 points and pushed it out of the money.
VXX
Setting up new long Puts for future #VXXContango trades
Bought to Open VXX Oct 15 2021 19.0 Put at $0.25 (brand new expiration month)
Bought to Open VXX Sep 17 2021 21.0 Put at $0.15 (adding to my position)
ROKU
#ShortStrangles – Selling against a short put.
Sold ROKU JUL 30 2021 440.0 Call @ 3.30
Position now JUL 30 380/440 @ 8.15
AMC
Sold 1 AMC Jul 23 2021 42.0 Diagonal Call at $1.12
Replaces a similar call that expired Friday.
NVDA post split pre earnings
#ShortPuts – Just to get it back in play. Always one of my favorites until it went vertical.
Sold NVDA AUG 13 2021 170.0 Put @ 3.25
SPX trades
#SPX7dteLong Sold to close $SPX July 23rd 4245/4265 call spreads for 14.10. Condors bought yesterday for 18.00. Counting on another drop by Friday to sell put side.
Also, bought to open July 26th 4260/4240 put spreads for 5.65. Going put side only for this one.
Markets
- From ZeroHedge
Goldman Says “Don’t Buy This Dip” And Here’s Why…
“99% of S&P500 companies are in buyback blackout period into next week and quant flows remain asymmetric on the supply side (AKA CTA sellers will win this tug of war).”
COIN
Sold 1 COIN Jul 23 2021 195 Diagonal Put at $0.89
#OnlySpreads #TripleDip
TQQQ,
BTC August 6, 90 put at .70
BTC August 13, 90 put at 1.05
TQQQ
Sold 1 TQQQ Jul 23 2021 110.0 Put at $1.02.
Coming into today I was long one of these. Now I’m short
#OnlySpreads
Downside Warning in effect
#VIXindicator The $VIX closed over 25% above its 2-day closing low, so that’s a new Downside Warning.
Here are the last four Downside Warnings for reference:
Fired 5/11/21, at the SPX close of 4,152. The SPX low was the next day at 4,056. It dipped again 5 trading days after
that to 4,061, then recovered from there.
Fired 2/25/21, at the SPX close of 3,829. The SPX low of 3,723 was 5 trading days later.
Fired 1/27/21, at the SPX close of 3,750. The SPX low of 3,694 was only 2 days later .
Fired 9/3/20, at the SPX close of 3,455. The SPX low of 3,209 was 3 weeks later on Sep 24th.
VXX to the moon
- until the first bounce in the market
Sold 1 VXX Jul 23 2021 36.0 Call at $2.63
Sold 1 VXX Jul 23 2021 37.0 Call at $2.29
O Put
$O STO 8/20 67.50 put at 1.47
TQQQ,
STO August 6, 90 put at .85
STO August 13, 90 put at 1.25
SPX 7-dte
#SPX7dteLong Bought to Open $SPX July 23rd 4215/4235-4245/4265 condors for 18.00, with SPX at 4242.
Expiring with max credit of 20.00: July 19th 4370/4350 put spreads. Condors bought last Tuesday for 15.25.
TSLA
#ShortPuts – Didn’t think this would fill today. Taking it for safety. Lots of earnings possibilities next few weeks.
Bought to Close TSLA JUL 23 2021 550.0 Put @ 1.00 (sold for 3.05)
LABU Put
Sold to close one of my extra long LABU Aug 20 2021 40.0 Puts at $1.05.
Bought it on 06/22 at $0.77 as part of a diagonal spread where the short is already gone.
#WinWin
TQQQ Put
Sold 1 close 1 TQQQ Jul 23 2021 110.0 Put at $0.90.
Bought it on Thursday at $0.54 as the long side of a quick hit diagonal put spread where the short expired Friday
#WinWin
VXX Continues to run
Sold 1 VXX Jul 23 2021 35.0 Covered Call at $1.92
VXX Trades
Sold to open 1 VXX Jul 23 2021 34.0 Covered Call at $1.67.
Took part of the proceeds and Bought to open 1 VXX Jan 21 2022 15 Put at $0.60 as a #VXXContango trade
SOXL
#ShortPuts – Added.
Sold SOXL AUG 20 2021 36.0 Put @ 4.00
SPY
#ShortPuts – Selling under the 200 day and well outside the expected move.
Sold SPY SEP 17 2021 380.0 Put @ 3.80
SPY
#ShortPuts – Starter at the 200 day and just outside the expected move.
Sold SPY SEP 17 2021 390.0 Put @ 4.70
SOXL TQQQ
#ShortPuts – Adding small.
Sold SOXL AUG 20 2021 37.0 Put @ 4.30
Sold TQQQ AUG 20 2021 95.0 Put @ 2.25
AMC Puts
Sold AMC Jul 23 2021 23.0 Diagonal Puts at $0.38.
Replaces similar puts that expired Friday
#OnlySpreads
VXX Trades
Sold to open 1 VXX Jul 23 2021 33.0 Covered Call at $1.84.
Took part of the proceeds and Bought to open 1 VXX Sep 17 2021 21 Put at $0.33 as a #VXXContango trade
SPX stopped
#SPX1dte Bought to close $SPX July 19th 4340/4320 put spreads for 1.85. Stop hit at the open. Condors sold for 1.30 on Friday, so .55 loss.
O.T.,
Does anyone have the percent of stocks below their 50 day moving average and the 200 day Moving average?
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.
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
Options Bistro 