LABU PFE SNOW Call Roll / MSTR Call Close

#coveredcalls
$LABU BTC 11/26 45 call and STO 12/3 47 call at added credit of .30
$PFE BTC 11/26 52.5 call and STO 12/3 53 call at added credit of .30
$SNOW BTC 11/26 350 call and STO 12/3 370 call at added credit of 3.20
$MSTR BTC 11/26 770 call at .60. STO at 14.00

Happy Thanksgiving

All take care and enjoy all we have. At a minimum we have all of us – and that’s a lot to be grateful for.

thanksgiving

LABU Scalp

Sold LABU Nov 26 2021 48.0 Calls at $0.54.
Paired with short puts at 40, 45 and 47.

Only a half day of trading on Friday

RIVN Put Rolled

Rolled it down 10 points last week. Doing it again.

Bought to close 1 RIVN Nov 26 2021 120.0 Diagonal Put / Sold to Open 1 RIVNDec 03 2021 110.0 Put at $0.23 Credit and jumped the short strike down 10 points.

I’ll ride one short RIVN 105.0 Diagonal Put into tomorrow’s expiration.

GPS Stock

I normally don’t like investing in retailers so I bought even less than I normally would for a low priced stock.
Bought GPS at $18.00, a new 52-week low.
#SP500
Rapidly #FallingKnife

RIVN Put

Bought to close 1 RIVN Nov 26 2021 100.0 Put at $0.05. It won’t trade any lower
Sold as part of a Jan/Nov Diagonal spread earlier this week at $3.45.
Still have the long to write against next week

Markets

The retail bloodbath continues today
JWN -30%
GAP -24%

O.T.

Minervini is shorting the SPY so I BTO the November 29, 468/464 bear put spread for 1.06 for a small trade.

VXX Puts

Hoping for ‘Volmageddon 2.0’ but it looks like it won’t happen this week
Bought to close VXX Nov 26 2021 24.5 Puts at $3.62. Sold last Thursday at $4.05.
Sold to Open VXX Dec 03 2021 24.5 Puts at $3.77.

SPX trades

#SPX5dte Sold to close $SPX 4695/4675 put spreads for 8.35. Calls sold yesterday for 3.00 so 11.35 total. Condors bought for 15.40 last Thursday so 4.05 loss.

These consolidation periods make this strategy more difficult.

#SPX1dte – I forgot to sell one yesterday, but will today for Friday expiration.

TQQQ,

BTC November 26, 95 puts at .01, sold at 1.11 and that is all for this week. Have a nice turkey day to everyone.

TSLA

#ShortPuts – Sold TSLA DEC 17 2021 725.0 Put @ 4.50

TSLA

STO TSLA Dec 3, 950/900/600 put BWB @-1.1

VXX Covered Calls

With some successful put rolls out of the way I’m rolling part of my covered calls up to next week for a nice bump in premium.
Bought to close VXX Nov 26 2021 23.0 Calls at $0.07. Sold Friday and Monday at $0.23 and $0.24.
Sold to Open VXX Dec 03 2021 23.5 Covered Calls at $0.44

Bought to close VXX Nov 26 2021 22.5 Calls at $0.14. Sold on Monday at $0.21, $0.23 and $0.28.
Sold to open VXX Dec 03 2021 23.0 Covered Calls at $0.59

TSLA Call Rollups

Rolled this week’s TSLA 840 Diagonal Call to next week’s TSLA 845 Call for a $0.05 Credit
Rolled this week’s TSLA 880 Diagonal Call to next week’s TSLA 890 Call for a $0.05 Credit.
Rolled this week’s TSLA 930 Diagonal Call to next week’s TSLA 940 Call for a $0.80 Credit.
Lowered my spread requirements by $2500.

Waiting to cover my remaining TSLA 11/26/2021 1250.0 call and my TSLA 11/26/2021 840.0 Puts at a penny so I can re-write more of each for next week.

VXX Put rolldowns

Bought to close VXX Nov 26 2021 21.0 Puts at $0.20. Sold on a roll last Thursday at $1.04.
Sold to Open VXX Dec 03 2021 20.0 Puts at $0.22. A full point lower.

Partial Roll
Bought to close VXX Nov 26 2021 22.5 Puts at $1.25. Sold on a roll last Thursday at $2.13.
Sold to Open VXX Dec 03 2021 22.0 Puts at $1.40 and a half point lower.

Bought to close VXX Nov 26 2021 24.0 Puts at $2.39. Sold on a roll last Thursday at $3.66.
Sold to Open VXX Dec 03 2021 23.5 Puts at $2.41 and a half point lower.