#shortputs #earnings
$SNOW STO 8/27 265 put at 5.40. Earnings tomorrow after the bell. A little adventurous since expected move could be down to $260.
Monthly Archives: August 2021
TLRY Covered Call Ladder
Sold TLRY Sep 03 2021 16.0 Covered Calls at $0.13
Sold TLRY Sep 10 2021 16.0 Covered Calls at $0.23
Already short this week’s strike 16 calls.
PANW Put Close
#shortputs #earnings
$PANW BTC 8/27 340 put at .02. STO at 2.40
SPX trades
#SPX7dteLong Sold to close $SPX Aug 25th 4400/4420 call spreads for 19.70. Condors bought for 17.30 last Thursday.
#optionsexpiration SOXL AUG 40 PUT…
SOXL AUG 40 PUT expired/ sold@.80
#tqqq
/closed re :uptick today and patience lost
btc TQQQ 17 DEC 21 65 PUT @1.99 sold for 2.72
btc TQQQ 17 SEP 21 105 PUT @1.00 sold for 2.02
btc TQQQ 1 OCT 21 105 PUT @1.93 sold for 2.41
AMC VXX late trades
Sold 1 AMC Sep 03 2021 40 Diagonal Call at $2.66
Sold VXX Aug 27 2021 30.0 Calls @ 0.21, 0.22 & 0.23
Sold VXX Aug 27 2021 30.5 Calls @0.19
COUP BUPS Close / PFE Straddle / PFE Covered Call
#bups
$COUP BTC 8/27 200/220 BUPS at 3.00. STO at 7.25 on 8/6
#shortstrangles
$PFE STO 8/27 48.50/52.50 straddle at 1.08
#coveredcalls
$PFE STO 8/27 52 call at .85
SPX trades
#SPX1dte Bought to close $SPX Aug 23rd 4480 calls for 1.00. Condors sold for .95 on Friday. Hit the stop early but kept missing the fills. Took a trip up to 10.00… now back below a dollar.
TNA Call
Sold 1 TNA Aug 27 2021 86.5 Diagonal Call at $0.95
AMC Call
Sold 1 AMC Aug 27 2021 40.0 Diagonal Call at $1.10 replacing a similar call the expired Friday
AMC is at 37.50
VXX Puts
Sold VXX 08/27/2021 25.5 Diagonal Puts at $0.26, 0.28 and 0.30
LABU
Sold 1 LABU Aug 27 2021 57.5 Diagonal Call at $2.60.
Paired with the LABU 51.0 put I rolled into Friday at $2.90 that gives me a 51/57.5 short strangle for a $5.50 Premium for this week.
AMC COIN
Sold 1 AMC Aug 27 2021 43.0 Diagonal Call at $0.53.
Sold 1 COIN Aug 27 2021 277.5 Diagonal Call at $2.74
Replaces a similar calls that expired Friday.
Whipsaw
#VIXindicator In one of the most whipsawy periods I can remember, the Downside Warning was canceled with a new SPX high today.
VXX1 – Old(pre-split) long Puts
Sold to close 1 of my VXX1 09/17/2021 7.0 Puts at $0.76 (partial position).
Acquired the entire position on these on 03/05/2021 at $0.15 as the long side of a long expired diagonal spread.
Sold to close the last of my VXX1 Sep 17 2021 6.0 Puts at $0.16.
Acquired the entire position on these on 01/15/2021 at $0.09 as the long side of another long expired diagonal spread.
I will start selling more of the 6.0 Puts against long January VXX1 puts I still hold.
#VXXContango
NVDA
#ShortPuts – Taking 80 percent three weeks early.
Bought to Close NVDA SEP 17 2021 177.5 Put @ .55 (sold for 3.05)
RIOT Call Close
#coveredcalls
$RIOT BTC 8/27 38 call at 1.31. STO at 2.27 on 8/12
PANW ALB Put / LABU Put Close / PFE Put reclassed
#shortputs #earnings
$PANW STO 8/27 240 put at 2.40 Earnings tonight
$ALB STO 8/27 220 put at 8.00 Looking to replace stock called away Friday
$LABU BTC 9/17 put at .60. Sold at 3.44 on 4/16. Thank you @jsd501
$PFE 49 put not put to me even though closing price was 48.80. Too bad. $PFE up 1.88 this AM
Expiration
$CLOV 16 call
$UPST 145 call (stock called away – missed the runup to 196)
$T 28.5 call
$U 120 call Stock called away. Was the plan to be called away.
$PANW 380 call
$PFE 54 call
$PFE 51 call
$RBLX 80 call Stock called away. Was the plan to be called away.
$LABU 57 call
$SNOW 287.5 call
$O 67.5 put
$NNDM 15 put assigned. Basis 5.54. Stock at 5.64
$MNMD 5 put assigned. Basis 3.17. Stock at 2.59
$PFE 49 put assigned. Basis 48.80. Stock at 48.72
OptionsExpiration
Expired:
AMC 08/20/2021 42.0 Diagonal Calls
AMC 08/20/2021 40.0 Diagonal Call
AMC 08/20/2021 10.0/24.0 Bull Put Spreads
COIN 08/20/2021 295.0 Diagonal Call
COIN 08/20/2021 300.0/275.0 Bear Call Spread
COIN 08/20/2021 300.0/265.0 Bear Call Spread
COIN 08/20/2021 145.0/237.5 Bull Put Spread
LABU 08/20/2021 55.0 Diagonal Call
SQQQ 08/20/2021 9.0 Covered Call
TLRY 08/20/2021 15.5 Covered Calls
TLRY 08/20/2021 23.0 Covered Calls
TLRY 08/20/2021 10.0/12.5 Bull Put Spreads
TNA 08/20/2021 106.0/85.0 Bear Call Spreads
TQQQ 08/20/2021 120.0 Diagonal Puts
VXX 08/20/2021 60.0/46.0 Bear Call Spreads
VXX 08/20/2021 56.0/38.0 Bear Call Spread
VXX 08/20/2021 55.0/31.0 Bear Call Spreads
VXX 08/20/2021 54.0/30.5 Bear Call Spreads
VXX 08/20/2021 30.5 Diagonal Calls
VXX 08/20/2021 30.0 Covered Calls
VXX 08/20/2021 29.5 Covered Calls
VXX 08/20/2021 29.0 Covered Calls
VXX 08/20/2021 22.0/26.5 Bull Put Spreads
VXX 08/20/2021 24.0/26.5 Bull Put Spreads
VXX 08/20/2021 26.5 Diagonal Puts #VXXContango
VXX 08/20/2021 26.0 Diagonal Puts #VXXContango
VXX 08/20/2021 25.0 Diagonal Put #VXXContango
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 23rd 4360/4380-4480/4500 condors for .95, SPX at 4442, IV 8.2%, deltas -.08 +.06. Actually a little more afraid of upside than downside, even though we are in a Downside Warning.
Expiring: Aug 20th 4290/4310-4460/4480 condors, sold yesterday for 1.15.
TLRY Put Roll
Last trade today
Rolled TLRY 08/20/2021 13.0 Puts to TLRY 08/27/2021 12.50 Puts at $0.08 Credit but lowered the strike 0.50 to below the current stock price.
At least my short 12.50 puts for this week will expire.
TQQQ Call Roll
Never thought I would have to roll this after TQQQ started out at 127 yesterday morning.
Bought to close 1 TQQQ 08/20/2021 135.0 Diagonal Call at $0.58. Sold this on Wednesday at $1.12
Replaced it with TQQQ Aug 27 2021 140.0 Call at $1.07
Paired with the 119.0 Put I rolled to this morning that gives me a 119/140 Strangle premium of $1.81 for 1 week.
TNA Call
Sold 1 TNA 08/27/2021 85.0 Diagonal Call at $0.91.
Paired with the 75.0 Put I rolled to this morning that gives me a 75/85 Strangle premium of $3.76 for 1 week.
I also have a short 85 call expiring today
VXX Calls
Sold to Open VXX Sep 10 2021 32.5 Covered Calls at $1.13.
The strike is right at the VXX high for the last month.
AMC Calls
Bought to close 1 AMC Aug 20 2021 38 Call at $0.02. Sold last Friday at $1.12.
Bought to close 1 AMC Aug 20 2021 39 Call at $0.01. Sold Tuesday at $1.94.
Replaced them with 1 AMC Aug 27 2021 40.0 Call at $0.56 and 1 AMC Aug 27 2021 41.0 Call at $0.54
I also have short $40 and $42 calls expiring today
VXX Call Rollup
The only short VXX call position I was actually concerned about:
Bought to close VXX Aug 20 2021 28.5 Calls at $0.16. Sold on Monday and Tuesday at $0.53 and $0.65.
Replaced it with VXX Aug 27 2021 31.0 Calls at $0.48.
As 31.14 was the high for VXX this week, this seems like the correct strike.
My expiring 29, 29.5, 30, 30.5 and 31 short calls look safe now
COUP PINS SPOT TDOC
#CoveredCalls – Misc. covered sales.
COUP: Stock will be assigned. Covering early so have to spread it in an IRA.
Sold COUP AUG 27 2021 217.5/280.0 Bear Call Spread @ 2.85
PINS: Covered. Stock assigned from past earnings trade. Double and triple selling calls against it.
Bought to Close PINS AUG 27 2021 60.0 Calls @ .05 (sold for 1.12)
Sold PINS SEP 10 2021 56.0 Calls @ 1.13
SPOT: Covered. Rolling out and up. Announced buyback this morning.
Rolled SPOT AUG 27 2021 212.5 Call to SEP 17 2021 220.0 Call @ .13 credit
TDOC: Stock will be assigned. Covering early so have to spread it in an IRA.
Sold TDOC AUG 27 2021 142.0/235.0 Bear Call Spread @ 2.63
TQQQ
Bought to close TQQQ Aug 20 2021 120.0 Put Net at $0.02 (partial position). Sold Monday at $0.40
Replaced it with TQQQ Aug 27 2021 119.0 Put at $0.74
LABU Rolldowns
Rolled this week’s 52.0 Put to next week’s 50.0 Put for $0.15 Credit
Rolled this week’s 53.0 Put to next week’s 51.0 Put for $0.40 Credit.
I guess I pulled the trigger too soon on the strike 50’s earlier and probably on these too 😦
Also the TNA roll was early too.
TNA LABU Rolldowns
I said these would be easy to roll:
Bought to Close 1 TNA Aug 20 2021 79.0 Put / Sold to Open 1 TNA Aug 27 2021 75.0 Put at $0.05 Credit
Bought to Close 1 LABU Aug 20 2021 50.0 Put / Sold to Open 1 LABU Sep 03 2021 45.0 Put at $0.15 Credit.
(Why are there no strike prices available in LABU below 50 except for the strike 45?? What about a 49 or 48?)
TQQQ,
BTC August 20, 99 put at .01, sold at 1.03, nice to free up margin.
Markets
Market Breath trend is disturbing
FMC
Another #SP500 stock hitting a new yearly low.
Bought a small bit of FMC at $90, adding to my position.
#FallingKnife
VXX Call
Had just enough buying power to sell one more call
Sold 1 VXX 08/20/2021 31.0 Diagonal call at $0.39
The market is in rally mode after the soft open.
SPX trades
#SPX7dteLong Sold to close $SPX Aug 20th 4470/4490 call spreads for .75. Puts sold for 8.40 on Tuesday, so 9.15 total credit off a purchase of 13.10, so 3.95 loss.
LABU
One last LABU put for this week
Sold LABU 08/20/2021 50.0 Diagonal Put at $1.42.
#OnlySpreads
SOXL TQQQ
COG
Back in this one after exiting it at 18.01 on July 1st.
Bought a bit at a new low of 14.68
#Fallingknife
NVDA
#ShortPuts – Missed one yesterday.
Sold NVDA SEP 17 2021 177.5 Put @ 3.05
Downside Warning
#VIXindicator Looks like we got a Downside Warning already. Last one was basically a head fake. So was the Upside one.
TQQQ
#ShortPuts – Added.
Sold TQQQ SEP 17 2021 102.5 Put @ 2.00
COG LVS
Marginal New lows on both these #SP500 stocks.
Keeping them on my watch list
#FallingKnife
HOOD earnings
#ShortPuts – Earnings today. Going out a little further for safety.
Sold HOOD SEP 17 2021 36.0 Puts @ 1.00
More TQQQ
Sold a couple :
For this week: Sold 1 TQQQ 08/20/2021 135.0 Diagonal Call @ $1.12
For next week: Sold 1 TQQQ 08/27/2021 120.0 Diagonal Put @ $1.46 ( already short the 120 calls)
TQQQ Early Call Roll
Rolled TQQQ 08/20/2021 120.0 Calls to next week for a $0.93 Credit.
An unusually generous roll premium given that the call is so far in the money.
TNA Puts and Calls
Writing again against my Oct long puts. Easy to roll if I’m wrong.
Sold TNA Aug 20 2021 79.0 Diagonal Put at $0.84.
As an offset Sold TNA Aug 20 2021 85.0 Diagonal Calls at $0.52
So a 79.0/85.0 Strangle premium of $1.36 for the next couple of days
TLRY Calls
Sold TLRY 08/20/2021 15.5 Covered Calls @ 0.09
Sold TLRY 08/27/2021 16.0 Covered Calls @ 0.19
Sold TLRY 09/10/2021 16.0 Diagonal Calls @ 0.48
SPX trades
#SPX7dteLong Sold to close $SPX Aug 23rd 4460/4480 call spreads for 8.50. Bought yesterday for 7.90.
My *guess* is that yesterday’s VIX spike was a head-fake and we are still going higher. But gotta follow my rules and dump out of this while some profit is available. Another dip would likely mean full loss, since I have no put side on this one.
COIN Put
Sold 1 COIN 08/20/2021 237.5 Diagonal Put at $1.12.
Paired off with my existing COIN 08/20/2021 265.0 Call that gives me a 237.50/265.0 Strangle for Friday with a total premium of $7.22
LABU Call
Sold 1 LABU 08/20/2021 55.0 Diagonal Call at $1.48.
Paired off with my existing LABU 08/20/2021 53.0 Put that gives me a 53/55 Strangle for Friday with a total premium of $2.70
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 18th 4345/4365-4480/4500 condors for 1.05, SPX at 4438, IV 11.85%, deltas -.07 +.06
Upside Warning canceled
#VIXIndicator, well that got ugly fast and became one of the briefest UpW’s in history. At least I collected great profits on yesterday’s swings.
LABU SOXL TQQQ
#ShortPuts #CoveredCalls – Not going to be around much this week but did manage a couple trades.
LABU: Adding more downside protection.
Rolled LABU AUG 20 2021 55.0 Calls to AUG 27 2021 45.0 Calls @ 7.20
SOXL: Adding.
Sold SOXL SEP 17 2021 37.0 Put @ 2.00
Sold SOXL SEP 17 2021 36.0 Put @ 2.00
TQQQ: Adding
Sold TQQQ SEP 17 2021 110.0 Put @ 2.30
Sold TQQQ SEP 17 2021 107.5 Put @ 2.10
TQQQ,
STO October 1, 90 put at 1.55
VXX Puts – early roll
Bought to close VXX Aug 20 2021 27.0 Puts at $0.45 (Sold them just a few days ago at $1.52).
Bought to close VXX Aug 20 2021 28.0 Puts at $0.88 (Sold them just a few days ago at $2.42).
Bought to close 1 VXX Aug 20 2021 29.0 Put at $1.42 (Sold it just a few days ago at $3.50).
Replaced them with a one week longer Puts but a point lower for all of them.
Sold VXX Aug 27 2021 26.0 Puts at $0.52
Sold VXX Aug 27 2021 27.0 Puts at $0.95
Sold 1 VXX Aug 27 2021 28.0 Put at $1.49.
#VXXContango
#spx spread sto VERTICAL SPX…
#spx spread
sto VERTICAL SPX 10 SEP 4245/4240 PUT @.50 CBOE
sto VERTICAL SPX 7 SEP 4270/4265 PUT @.50 CBOE
sto VERTICAL SPX 8 SEP 4270/4265 PUT @.50
sto VERTICAL SPX 3 SEP 4285/4280 PUT @.50 CBOE
AMC Call
Sold 1 AMC Aug 20 2021 39.0 Diagonal Call at $1.94.
Moving counter to the market right now.
VXX Calls
Getting aggressive with the new upside warning in effect –
Sold VXX Aug 20 2021 29.0 Diagonal Calls at $0.37 and again at $0.54 & 0.74
Sold VXX Aug 20 2021 29.5 Diagonal Calls at $0.33 and again at $0.67
Sold VXX Aug 20 2021 30.0 Diagonal Calls at $0.28.
Easy to roll but likely to expire.
TQQQ Sep
Sold to open:
$TQQQ Sep 10 110 put @ 1.60
$TQQQ Sep 17 100 put @ 1.40
SPX trades
Using the pullback to make some moves. Keeping the faith in Upside Warning that we have higher to go despite retail sales report, Delta variant, Afghanistan, etc.
Sold to close $SPX Aug 20th 4460/4440 put spreads for 8.40. Condor bought yesterday for 13.10.
#soxl sto SOXL 20 AUG…
AMC Calls
Sold AMC Aug 20 2021 40.0 Diagonal Call at $1.19.
Sold AMC Aug 20 2021 42.0 Diagonal Calls at $0.84.
Now I need to sell more Puts
TQQQ
Sold TQQQ Aug 20 2021 120.0 Puts at $0.40.
Little risk because I continue to roll my TQQQ short calls every week.
TQQQ at 132
NVDA,
STO September 17, 180 put at 3.05, following Ramie
SPX trades
It actually is somewhat common for the first day after the Upside Warning fires that we get a pullback. It makes sense; it requires three straight days of low volatility to fire it, so a fourth day of some pullback seems in order. The UpW almost always works, but getting the timing right can be tough.
#SPX7dteLong
Sold to close $SPX Aug 16th 4435/4415 put spreads for 2.50. Looking for a bounce to close call side.
Sold to close $SPX Aug 18th 4450/4430 put spreads for 7.80. Still have time for the call side.
LABU
New Diagonal Spread
Bought 1 LABU Sep 24 2021 40.0 Put at $1.43
Sold 1 LABU Aug 20 2021 52.0 Put at $1.53
An initial credit of 0.10 and the chance to roll the short multiple times.
I also have excess long puts out to December that I can still write against if the stock collapses further, but the stock is at the low end of it’s trading range now with the 6-month low at 50 in mid May
COIN Call
Sold 1 COIN Aug 20 2021 290.0 Diagonal Call at $1.25 replacing the 267.50 Call that expired Friday
VXX Covered Ladder
Since the upside warning is on, covered all my long stock on the open:
Sold VXX Oct 01 2021 34.0 Call at $2.05
Sold VXX Oct 01 2021 45.0 Call at $1.09
Sold VXX Sep 24 2021 41.0 Call at $1.11
Sold VXX Sep 17 2021 38.0 Call at $1.06
Sold VXX Sep 10 2021 34.0 Call at $1.07
Sold VXX Sep 03 2021 30.5 Call at $1.13
Upside Warning is ON
#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 four Upside Warnings:
May 28, 2021: close on that day: 4204. Subsequent high was 4393 on July 7. 31 trading days, +4.5%
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%
#t Expiration Assignment #optionsexpiration T…
#t
Expiration Assignment
#optionsexpiration
T 13 AUG 21 28 CALL @.14
#assignment
T 13 AUG 21 28 CALL @.14
Expiration Assignment
$T 28.5 call
$TSLA 735 call
$BX 116 call
$LABU 62.5
$MRVL 59 put
$MRVL 58.5 put
TQQQ 126 put
$PINS 66 put
OptionsExpiration
Expired:
AMC 08/13/2021 24.0 Diagonal Puts
AMC 08/13/2021 26.0 Diagonal Puts
AMC 08/13/2021 34.0 Diagonal Calls
AMC 08/13/2021 36.0 Diagonal Calls
COIN 08/13/2021 227.5 Diagonal Puts
COIN 08/13/2021 230.0 Diagonal Puts
COIN 08/13/2021 267.5 Diagonal Call
COIN 08/13/2021 300.0 Diagonal Call
COIN 08/13/2021 305.0 Diagonal Call
LABU 08/13/2021 53.0 Diagonal Put
LABU 08/13/2021 65.0 Diagonal Call
SQQQ 08/13/2021 8.5 Covered Call
TLRY 08/13/2021 15.5 Covered Calls
TLRY 08/13/2021 16.0 Covered Calls
TLRY 08/13/2021 23.0 Diagonal Calls
TQQQ 08/13/2021 126.0/90.0 Bull Put Spread
VXX 08/13/2021 31.0 Covered Call
VXX 08/13/2021 33.5 Covered Calls
VXX 08/13/2021 34.0 Covered Calls
VXX 08/13/2021 40.0/50.0 Bear Call Spread
VXX 08/13/2021 40.0/53.0 Bear Call Spread
VXX 08/13/2021 40.0/58.0 Bear Call Spread
TLRY Put rolldown
Rolled TLRY 08/13/2021 13.50 Diagonal Puts to TLRY 08/20/2021 13.0 Puts @ 0.12 Credit
LABU Put Rolldown
Bought to close 1 LABU 08/13/2021 56.0 Diagonal Put at $0.17. Sold this on Wednesday @ $1.44.
Replaced it with 1 short LABU 08/20/2021 53.0 Put at $1.22.
Options Bistro 