BITO

Time for a test 🙂
STO BITO Dec17’21 30 PUT @ $1.05
STO BITO Dec31’21 30 PUT @ $1.45

Short NEGG AUG 20 2021 CALL got assigned on Friday. So I exercised the long call.
There is probably a charge for being short shares, just not sure how much.

What happens to a Covered Call position when stock back-splits?

For example GE will have a 1:8 split in August.
Right now I hold 400 shares and 4 calls.
After the split I will end up with 50 shares, but what happens to the existing calls?

A couple of trades today.
STO EWZ Jul16’21 32 PUT $0.60
STO TQQQ Jun18’21 65 PUT $1.50
STO TSLA Jun18’21 400 PUT $4.34
STO LABU May28’21 50 PUT $1.20
STO LABU Jun04’21 45 PUT $1.00
STO ARKK Jun18’21 80 PUT $1.00

IB has lifted all trading restrictions, but implemented higher margin on those stocks.

LABU
STO LABU Oct16’20 35 PUT @1.10

I got this message from IB

Tue Aug 25 09:09:11 2020 EST
As per Nasadaq’s System Status page- Nasdaq PHLX, NOM, BX, ISE, GEMX, and MRX have made all AAPL and TSLA options non-tradeable.

XLE at the close

STO XLE Oct16’20 30 PUT @ 0.43
STO XLE Dec18’20 30 PUT @ 1.10

WDC
STO WDC Oct16’20 30 PUT @ 0.72
STO WDC Jan15’21 30 PUT @ 2.01

VIX is down 8, but /VX is unchanged.
Is that because of the backwardation?

Daily AT40 (T2108) is below 20%

Question about owning dividend stocks vs. selling options on the same stocks.

A question came up about returns and benefits of owning dividend paying stocks.

Some argue that holding dividend stocks is a passive strategy that nets 3-5% dividend + possible stock price increase.

On the other hand, selling premium in the same stocks can possibly net 10% per year, while providing a lot of flexibility, like staying out of earnings, using different strategies, etc..

Considering similar risk and possibly lower returns, is it worth it to own dividend stocks?

What is your oppinion?

LK
STO LK Feb21’20 23 PUT @1.05

Interactive Brokers

Is anyone using IB Securities Lending Program?
What is your opinion about it?

VIX Puts

Is there any unusual risk in buying VIX puts?
Other than the potential loss of the premium paid.

TSLA calls

Did you see Feb21 TSLA calls at $1,000 strike are $2.40.
Can TSLA go that high? 🙂 🙂 🙂

MOMO is down 7%
JUL17, 2020 25 PUT is @1.40

STO BA Jan15’21 250 PUT @ 11.10

STO FDX Leap Jan15’21 – 125 PUT @8.60

STO ANET Jan17’20 185 PUT 5.50

Anyone selling puts on COF?

FYI
ALGN is down 27%
TREE is down 17%

Anyone selling puts on BA?

FYI
IRBT is down 18%

TSLA

STO TSLA Apr18’19 225 PUT 1.24
STO TSLA Apr26’19 220 PUT 2.38

Jeff, do you have earnings data for CRM?

WTW keeps going down. Is it going to recover? 😉

TNA

STO TNA Apr18’19 40 PUT $2.80

SOXL

STO SOXL May17’19 55 PUT $6.30

UVXY
STO UVXY Dec21’18 122 CALL 5.00

TNA and UVXY

Sold on GTC in the morning.

STO TNA Apr18’19 40 PUT 2.50
STO TNA Apr18’19 45 PUT 3.50
STO TNA Jan18’19 45 PUT 2.00
STO TNA Jan18’19 50 PUT 2.80
STO TNA Nov02’18 55 PUT 1.10

STO UVXY Jan18’19 112 CALL 7.00

UVXY
STO UVXY Jan18’19 112 CALL $7.20

ERX
STO ERX Oct26’18 29 PUT $0.55
STO ERX Jan18’19 25 PUT $1.25
STO ERX Nov16’18 27 PUT $0.80
STO ERX Dec21’18 26 PUT $1.15
You can do better now.

SOXL
STO SOXL Nov16’18 65 PUT $0.85
STO SOXL May17’19 70 PUT $7.80
STO SOXL Feb15’19 70 PUT $4.80
STO SOXL Dec21’18 70 PUT $2.80

LABU
STO LABU Oct19’18 55 PUT $0.90

TQQQ
STO TQQQ Oct19’18 50 PUT $0.60

FYI

BZQ ETF Dec21 $30 PUT
premium is about 1.60
All time low for this ETF was $32

Any thoughts?

FYI

BZQ ETF is down 11%