#CoveredCalls – With cash sweep paying 5 percent I’d rather get the cash back into the account and make up the small losses with put selling. Unloading some covered stock at slight losses and replacing with a slightly larger short put position. Should get back to even much sooner than continuous call rolling.
Sold XBI Covered Stock @ 74.70 (basis of 75.10, 77.50, and 78.00)
Sold XBI Sep 15 2023 79.0 Puts @ .57
#CoveredCalls #SyntheticCoveredCalls – Another round.
Bought to Close TLT Sep 15 2023 97.0 Calls @ .03 (sold for .65)
Bought to Close TLT Sep 15 2023 97.5 Calls @ .02 (sold for .55)
Sold TLT Sep 22 2023 95.5 Calls @ .35 .37 and .38
#ShortPuts – Come and get it Mr. Market!
Sold SPY OCT 20 2023 435.0 Put @ 3.35
#ShortPuts – 80 percent 6 weeks early.
Bought to Close SNOW Oct 20 2023 130.0 Put @ .55 (sold for 2.87)
#ShortPuts – Early fill.
Sold SPY Oct 20 2023 425.0 Put @ 3.20
#CoveredCalls – Rolled to the week before earnings. If stock called away it will be a tiny profit. Might roll to earnings eventually…
Rolled TSLA Sep 15 2023 200.0 Call to Oct 13 2023 200.0 Call @ 2.25 credit (71.15 total now)
#ShortPuts – A couple late fills.
Sold SPY Oct 20 2023 430.0 Put @ 2.50
Sold TLT Oct 20 2023 94.0 Put @ 2.10
#CoveredCalls – Easing these up a little.
Rolled XBI Sep 01 2023 75.0 Calls to Oct 06 2023 75.5 Calls @ .30 credit (3.95 total now)
#ShortPuts #CoveredCalls – Picking up a little more credit and adding.
Rolled TLT Sep 15 2023 99.0 Calls to Sep 15 2023 97.5 Calls @ .17 credit (.57 total now)
Rolled TLT Sep 15 2023 99.0 Calls to Sep 15 2023 97.0 Calls @ .26 credit (.66 total now)
Sold TLT Oct 20 2023 95.0 Put @ 2.10
Sold TLT Oct 20 2023 96.0 Put @ 2.25
#ShortPuts – Add to the Oct ladder.
Sold TLT Oct 20 2023 97.0 Put @ 2.20
#ShortPuts – Bought to Close XBI Sep 01 2023 77.5 Put @ .08 (sold for 1.50)
#ShortPuts – Taking a couple more off on the bounce.
Bought to Close TLT Sep 15 2023 92.0 Put @ .19 (sold for 1.62)
Bought to Close TLT Sep 15 2023 95.0 Put @ .69 (sold for 2.25)
#ShortPuts – Taking some decent profits on the big bounce.
Bought to Close SPY Sep 15 2023 415.0 Puts @ .31 (sold for 1.50 and 2.15)
Bought to Close SPY Sep 15 2023 420.0 Put @ .43 (sold for 2.15)
Bought to Close SPY Sep 15 2023 425.0 Puts @ .60 (sold for 2.50)
Bought to Close SPY Sep 15 2023 430.0 Put @ .89 (sold for 3.26)
Bought to Close SPY Sep 22 2023 425.0 Put @ 1.12 (sold for 2.86)
Bought to Close SPY Oct 20 2023 410.0 Put @ 1.49 (sold for 3.15)
#ShortPuts – Let’s bring the 200 day into play finally.
Sold SPY Oct 20 2023 410.0 Put @ 3.15
Seems like crazy selling but actually still green for the week. 4300 was the bottom of the expected move for the week. We were well outside the top so today just gets us back into range. Still slightly positive from the unchanged level. I’m watching for a break of last week’s low to really see the selling start. FWIW LOL.
#CoveredCalls – Keeping protection at the 200 day. Assigned at 270.25 with basis now at 201.35 and covered at 200. It was a wild bullish shot last earnings so out at close to even would be ok with me.
Rolled TSLA Aug 25 2023 200.0 Call to Sep 15 2023 200.0 Call @ 2.15 credit (68.90 total now)
#ShortPuts – A little early on it this morning. Starter position at the expected move and near recent lows.
Sold SNOW Oct 20 2023 130 Put @ 2.85
#ShortPuts #CoveredCalls – A few today.
SPY: Adding.
Sold SPY Sep 22 2023 425.0 Put @ 2.85
XBI: Keeping a little downside protection. Covered.
Rolled XBI Aug 25 2023 75.0 Calls to Sep 01 2023 75.0 Calls @ .35 credit (3.40 abd 3.65 total now)
#CoveredCalls #SyntheticCoveredCalls – A move like this I just have to sell into it. Selling up at the 50 day and outside the expected move.
Sold TLT Sep 15 2023 99.0 Calls @ .40
#CoveredCalls #SyntheticCoveredCalls – Getting out of the way in case JP goes full dove on Friday.
Bought to Close TLT Aug 25 2023 96.0 Calls @ .17 (sold for .35)
Bought to Close TLT Aug 25 2023 96.5 Calls @ .11 (sold for .47)
#ShortPuts – Sold SPY Sep 15 2023 425.0 Put @ 2.52
#ShortPuts – A couple.
Rolled TLT Sep 15 2023 98.0 Put to Oct 20 2023 98.0 Put @ .35 credit (2.10 total now)
Rolled TLT Sep 15 2023 99.0 Put to Oct 20 2023 99.0 Put @ .25 credit (2.55 total now)
Sold TLT Sep 15 2023 92.0 Put @ 1.62
#CoveredCalls – Saying goodbye to a long held position. Decent gains along with many calls sold against divvys received and now cash going back into the MM sweep account (SPAXX) for nice interest. Now looking to reload! LOL
Stock called away at 395 (basis 387.00)
Stock called away at 399 (basis 394.90)
Stock called away at 400 (basis 391.05)
#PutButterflies – Took a shot with a long put spread for insurance against a relatively large SPY stock position. Wasn’t working out so turned it into a butterfly to cut some losses.
Expiring: SPX Aug 18 2023 4000/3900/3800 Put Butterfly (bought for 11.60)
#CoveredCalls – Another.
Sold XBI Aug 25 2023 75.0 Call @ 3.04
#CoveredCalls – Early exercise on a few short puts. Getting them covered with some downside protection.
Sold XBI AUG 25 2023 75.0 Calls @ 3.33
#CoveredCalls – Keeping downside protection all the way to the 200 day. Filled on the early bounce.
Rolled TSLA Aug 18 2023 225.0 Call to Aug 23 2023 200.0 Call @ 24.50 credit (66.80 total now)
#ShortPuts – Adding at the 200 day.
Sold SPY Sep 15 2023 415.0 Put @ 1.50
#CoveredCalls – Another round.
Bought to Close TLT Aug 18 2023 99.0 Calls @ .02 (sold for .42)
Sold TLT Aug 25 2023 96.5 Calls @ .45 and .51
#SyntheticCoveredCalls #CoveredCalls – A few.
TLT: Another round.
Bought to Close TLT Aug 11 2023 97.5 Calls @ .01 (sold for .78)
Sold TLT Aug 18 2023 97.5 Calls @ .39
TSLA: Covered and keeping downside protection.
Rolled TSLA Aug 11 2023 230.0 Call to Aug 18 2023 225.0 Call @ 6.30 credit (42.30 total now)
#ShortPuts – Adding slightly inside the expected move but below the 50 day.
Sold SPY Sep 15 2023 430.0 Put @ 3.26
#CoveredCalls #LongPuts – Yes, you read that second hash tag correctly. LOL!
TLT: Another round of synthetic dividends.
Bought to Close TLT AUG 11 2023 101.0 Calls @ .02 (sold for .38)
Sold TLT AUG 18 2023 99.0 Calls @ .42
TBT: A long term play on a bond recovery. Also a hedge to allow slightly more aggressive call selling in my TLT positions. Might sell puts against these occasionally.
Bought to Open TBT JAN 17 2025 25.0 Puts @ 2.00
#ShortPuts – Sold SPY Sep 15 2023 415.0 Put @ 2.15
#ShortPuts – Adding.
Sold SPY Sep 15 2023 420.0 Put @ 2.15
#CoveredCalls – C’mon down.
Rolled TSLA Aug 11 2023 240.0 Call to Aug 11 2023 230.0 Call @ 8.05 credit (37.00 total now)
#ShortPuts – One add.
Sold XBI Sep 01 2023 77.5 Put @ 1.50
#SyntheticCoveredCalls – A little aggressive but counting on an oversold bounce. Rolling synthetic only and leaving the regular covered calls at 101.
Rolled TLT Aug 11 2023 101.0 Calls to Aug 11 2023 97.5 Calls @ .39 credit (.78 total now)
#CoveredCalls #ShortPuts – Not letting anything other than TLT get assigned for now. With the Fidelity cash sweep up to 4.97% perfectly happy just letting the cash back put sales. I’ll be letting all my SPY stock go in two weeks (assuming we’re over 400) and unloading the TSLA as soon as it’s back to even.
SNOW: Small gain on the bounce.
Bought to Close SNOW AUG 04 2023 167.5 Put @ 1.25 (sold for 3.05)
Bought to Close SNOW AUG 04 2023 170.0 Put @ 2.35 (sold for 2.30)
TSLA: Covered rolling and keeping downside protection.
Rolled TSLA Aug 04 2023 240.0 Call to Aug 11 2023 240.0 Call @ 1.05 credit (28.95 total now)
XBI: Rolling
Rolled XBI AUG 04 2023 83.0 Puts to AUG 11 2023 82.5 Puts @ .20 credit (.95 total now)
Rolled XBI AUG 04 2023 83.5 Puts to AUG 18 2023 82.5 Puts @ .15 credit (1.05 total now)
Rolled XBI AUG 04 2023 84.0 Puts to AUG 18 2023 83.0 Puts @ .03 debit (.95 total now)
Rolled XBI AUG 04 2023 84.5 Puts to AUG 18 2023 84.0 Puts @ .14 credit (1.35 total now)
#ShortPuts – One add.
Sold TLT Sep 15 2023 95.0 Put @ 2.25
#ShortPuts – Sold SPY Sep 15 2023 425.0 Put @ 2.50
#ShortPuts – Another.
Sold TLT Sep 15 2023 99.0 Put @ 2.30
#ShortPuts – Starter.
Sold TLT Sep 15 2023 98.0 Put @ 1.75
#CoveredCalls – Keeping plenty of downside protection in place.
Rolled TSLA Jul 28 2023 245.0 Call to Aug 04 2023 240.0 Call @ 5.65 credit (27.90 total now)
#CoveredCalls #SyntheticCoveredCalls #ShortPuts – Getting a few in on the early strength.
SNOW: Rolling.
Rolled SNOW JUL 28 2023 175.0 Put to AUG 04 2023 170.0 Put @ .05 credit (2.30 total now)
TLT: Another round of synthetic divvys.
Bought to Close TLT JUL 28 2023 103.0 Calls @ .01 (sold for .33 and .70)
Sold TLT AUG 11 2023 101.0 Calls @ .38 and .39
XBI: Closed and rolled.
Bought to Close XBI JUL 28 2023 83.0 Puts @ .38 (sold for .95)
Rolled XBI JUL 28 2023 85.0 Puts to AUG 04 2023 84.5 Puts @ even (1.25 total now)
Rolled XBI JUL 28 2023 84.5 Puts to AUG 04 2023 84.0 Puts @ .05 credit (.98 total now)
Rolled XBI JUL 28 2023 84.0 Puts to AUG 04 2023 83.5 Puts @ .10 credit (.93 total now)
Rolled XBI JUL 28 2023 84.0 Puts to AUG 04 2023 83.0 Puts @ .01 credit (.78 total now)
#ShortPuts – One add.
Sold XBI Aug 18 2023 80.0 Put @ 1.27
#CoveredCalls #SyntheticCoveredCalls – A few partials coming in.
Bought to Close TLT Jul 28 2023 103.0 Calls @ .01 (sold for .70)
Bought to Close TLT Jul 28 2023 104.0 Calls @ .01 (sold for .33 and .35)
#ShortPuts – Got lucky with the expiration on Friday so jumping right back in.
Sold XBI Jul 28 2023 83.0 Puts @ .95
Sold XBI Jul 28 2023 84.0 Puts @ .83
Sold XBI Jul 28 2023 85.0 Puts @ 1.25
#CoveredCalls – Thought it might stay weak so rolled short call down for more protection. Of course that guarantees a bounce! LOL
Rolled TSLA Jul 28 2023 250.0 Call to Jul 28 2023 245.0 Call @ 3.50 credit (21.25 total now)
#ShortPuts – Got busy and missed the close. Short some 85 strike puts @ 2.05. Stock closed at 84.97 but over 85 just a few minutes after the close. Guessing I’ll get exercised…we’ll see.
#BullPutSpreads – Took a directional shot (wrong!) LOL. Closing long put and leaving short to get exercised. Covering it next week at the expected move for downside protection and slightly below my basis (easy to roll these though).
Originally: Sold TSLA Jul 21 2023 300.0/290.0 Bull Put Spread @ 5.75
Sold to Close TSLA Jul 21 2023 290.0 Put @ 24.25
Sold TSLA Jul 28 2023 250.0 Call @ 17.75
Result:
Exercise at 300 with 47.75 credit received. Basis 252.25 covered at 250.00
#SyntheticCoveredCalls – One of my bigger positions so taking a scalp. Moving it back in and hoping the 200 day resistance holds another week.
Bought to Close TLT Aug 18 2023 105.0 Calls @ .42 (sold for .70)
Sold TLT Jul 28 2023 103.0 Calls @ .33
#ShortPuts – Adding.
Sold SNOW Aug 04 2023 167.5 Put @ 3.05
#BullPutSpreads – Possibly a sell the news but taking a directional shot to the upside anyway. I’ll manage by rolling or taking stock if it sells off. I must be bored. LOL
Sold TSLA Jul 21 2023 300.0/290.0 Bull Put Spread @ 5.75
#ShortPuts – Smaller position and shorter leash. Selling at the 50 day.
Sold SNOW Jul 28 2023 175.0 Put @ 2.28
#ShortPuts – Looking a little toppy here so taking 60 to 70 percent a month early. Definitely looking for a down day to re-load.
Bought to Close SNOW Aug 18 2023 145.0 Put @ .73 (sold for 3.10)
Bought to Close SNOW Aug 18 2023 150.0 Put @ 1.06 (sold for 3.30)
Bought to Close SNOW Aug 18 2023 155.0 Put @ 1.49 (sold for 3.95)
#CoveredCalls #SyntheticCoveredCalls – Spreading them out a little now.
Sold TLT Jul 28 2023 103.0 Calls @ .70
Sold TLT Jul 28 2023 104.0 Calls @ .35
Sold TLT Aug 18 2023 105.0 Calls @ .70
#CoveredCalls #SyntheticCoveredCalls – Being pretty careful with these hoping not to get run over.
Bought to Close TLT Jul 21 2023 102.0 Calls @ .56 (sold for .60)
Bought to Close TLT Jul 21 2023 103.0 Calls @ .15 (sold for .82)
#ShortPuts – Re-loading.
Sold XBI Jul 28 2023 84.5 Puts @ .93
Sold XBI Jul 28 2023 84.0 Puts @ .77
#ShortPuts – Taking a few more at 80 percent or better with a lot of time left.
Bought to Close SPY Aug 04 2023 425.0 Put @ .31 (sold for 2.45)
Bought to Close SPY Aug 11 2023 425.0 Put @ .51 (sold for 3.15)
Bought to Close SPY Aug 18 2023 425.0 Put @ .76 (sold for 3.75)
#ShortPuts – Thinning the herd a little.
Bought to Close XBI Jul 21 2023 83.0 Puts @ .10 (sold for 2.20)
#ShortPuts – Taking 85 percent of max a couple weeks early.
Bought to Close SPY Jul 28 2023 425.0 Puts @ .45 (sold for 3.10)
#ShortPuts – Adding.
Sold SNOW Aug 18 2023 155 Put @ 3.95
#ShortPuts – Bought to Close SPY Jul 21 2023 425.0 Puts @ .17 (sold for 2.20)
#ShortPuts – Not doing much this week. Just enjoying the theta. A little busier next week for monthly expiration.
Rolled TLT Jul 21 2023 103.0 Puts to Aug 18 2023 103.0 Puts @ .55 credit (1.65 total now)
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few.
SNOW: Adding at the expected move and below all the major moving averages and the week before earnings and near recent lows. (the perfect storm) 🙂 🙂
Sold SNOW AUG 18 2023 145.0 Put @ 3.10
SPY: Adding.
Sold SPY AUG 04 2023 425.0 Put @ 2.45
Sold SPY AUG 11 2023 425.0 Put @ 3.15
TLT: Another round.
Bought to Close TLT JUL 07 2023 104.5 Calls @ .01 (sold for .53 and .54)
Sold TLT JUL 21 2023 102.0 Calls @ .60
#ShortPuts – Bought to Close SPY Jul 07 2023 425.0 Put @ .13 (sold for 2.25)
#CoveredCalls – Early assigned on some short puts at a basis of 101.40. Selling calls prior to the next Fed meeting and rolling other puts setting up covered straddles.
Sold TLT Jul 21 2023 103.0 Calls @ .82
Rolled TLT Jul 07 2023 103.5 Puts to Jul 21 2023 103.0 Puts @ even (1.10 total now)
#ShortPuts #SyntheticStock – A few.
SNOW: Back in it. Selling at the expected move the week before earnings and below all the major moving averages. Starter position.
Sold SNOW Aug 18 2023 150.0 Put @ 3.30
TLT: Added to synthetic. Cost basis on the rest of the synthetic shares is down to zero.
Bought TLT JAN 17 2025 105.0/105.0/75.0 Synthetic Stock /Disaster Puts @ 1.65
#ShortPuts – First one in this expiration.
Sold SPY Aug 18 2023 425.0 Put @ 3.75
#ShortPuts – Taking these a couple weeks early. Looking to re-load in Aug on the next dip.
Bought to Close SNOW Jul 07 2023 150.0 Puts @ .28 (sold for 2.25)
#ShortPuts – Adding.
Sold XBI Jul 21 2023 83.0 Puts @ 2.20
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – Catching up on Friday.
SPY: Adding.
Sold SPY JUL 21 2023 425.0 Put @ 2.25
Sold SPY JUL 28 2023 425.0 Put @ 3.10
TLT: Landed right in the sweet spot this week.
Bought to Close TLT JUN 23 2023 103.5 Calls @ .02 (sold for .30 and .38)
Sold TLT JUL 07 2023 104.5 Calls @ .54
Bought to Close TLT JUN 23 2023 103.0 Puts @ .04 (sold for 2.45)
Sold TLT JUL 07 2023 103.5 Puts @ 1.10
Rolled TLT JUN 23 2023 104.0 Puts to JUN 30 2023 104.0 Puts @ .37 credit (2.60 total now)
#ShortPuts – A couple more adds on the morning dip.
Sold XBI Jul 21 2023 85.0 Puts @ 2.05
#ShortPuts – A couple adds this morning.
Sold SPY Jul 21 2023 425.0 Puts @ 2.15
Sold XBI Jul 21 2023 85.0 Puts @ 2.00
#CoveredCalls #SyntheticCoveredCalls #ShortPuts – A few.
Bought to Close TLT Jun 16 2023 104.0 Calls @ .01 (sold for .28)
Sold TLT Jun 23 2023 103.5 Calls @ .30 and .38
Rolled TLT Jun 16 2023 103.0 Puts to Jun 23 2023 103.0 Puts @ .40 credit (2.55 total now)
Rolled TLT Jun 16 2023 104.0 Puts to Jun 23 2023 104.0 Puts @ .15 credit (2.30 total now)
Options Bistro 