#ShortPuts – A little more size reduction.
Bought to Close LAZR APR 9 2021 27.0 Puts @ 1.72 (sold for 2.15)
Author Archives: fuzzballl
ROKU
#ShortPuts #ShortCalls – This week’s sale looks fine so adding next week. Selling against a DITM short put out in June.
Sold ROKU APR 1 2021 350.0 Call @ 6.20
SPY
#ShortPuts – Going out to May and starting a new ladder near the 200 day and lower.
Sold SPY MAY 21 2021 360.0 Put @ 4.31
LAZR TQQQ
#ShortPuts – Booking a few more taking a little risk off.
LAZR:
Bought to Close LAZR APR 1 2021 26.5 Puts @ .60 (sold for 1.45)
Bought to Close LAZR APR 9 2021 25.5 Puts @ .70 (sold for 1.50)
TQQQ:
Bought to Close TQQQ APR 1 2021 75.0 Puts @ .75 (sold for 1.50)
Bought to Close TQQQ APR 9 2021 75.0 Puts @ 1.45 (sold for 2.85)
NVDA
#ShortPuts – Taking this one a few weeks early on the run up to resistance. Looking now for a pre earnings play on any weakness.
Bought to Close NVDA APR 16 2021 470.0 Put @ 2.85 (sold for 6.40)
LAZR
#ShortPuts – Adding.
Sold LAZR APR 16 2021 27.0 Put @ 1.40
Sold LAZR APR 16 2021 26.5 Put @ 1.25
Sold LAZR APR 16 2021 26.0 Put @ 1.05
COUP LABU OSTK
#ShortPuts – Booking and adding…
COUP: Taking it a few weeks early.
Bought to Close COUP APR 16 2021 220.0 Put @ 1.25 (sold for 4.50)
LABU: Adding.
Sold LABU APR 16 2021 70.0 Put @ 3.10
OSTK: Adding.
Sold OSTK APR 16 2021 60.0 Put @ 2.00
MARA
#ShortPuts – Taking these three weeks early.
Bought to Close MARA APR 16 2021 25.0 Puts @ .56 (sold for 1.93)
OSTK
#ShortPuts – Sold OSTK APR 16 2021 60.0 Puts @ 1.60
LAZR
#ShortPuts – Taking a lot of risk off.
Bought to Close LAZR MAR 26 2021 26.5 Puts @ .25 (sold for 2.20)
Bought to Close LAZR MAR 26 2021 27.0 Puts @ .34 (sold for 1.42)
Bought to Close LAZR MAR 26 2021 27.5 Puts @ .40 (sold for 1.78)
SNOW
#CoveredCalls – Same position in two accounts.
Rolled SNOW MAR 19 2021 215.0 Calls to MAR 26 2021 215.0 Calls @ 3.80 credit
SOXL
#ShortPuts – Everything rolled so free to rally now. 🙂 🙂 Just couldn’t quite get over the hump.
This was originally pre-split 525.0 strike @ 24.00. After 15:1 it’s now 35 strike @ 1.60. Breaking it up and rolling it into a ladder for next month.
Rolled SOXL MAR 19 2021 35.0 Puts to APR 16 2021 34.0 Puts @ 2.10 credit (3.70 total now)
Rolled SOXL MAR 19 2021 35.0 Puts to APR 16 2021 33.0 Puts @ 1.60 credit (3.20 total now)
Rolled SOXL MAR 19 2021 35.0 Puts to APR 16 2021 32.0 Puts @ 1.05 credit (2.65 total now)
BIIB OSTK PLTR SNOW
#ShortPuts #CoveredCalls – Rolling everything for decent credit.
BIIB: Covered…rolling for more premium but keeping some downside protection.
Rolled BIIB MAR 19 2021 260.0 Call to BIIB MAR 26 2021 260.0 Call @ 4.20 credit
OSTK: Covered…rolling for more premium but keeping some downside protection.
Rolled OSTK MAR 19 2021 68.0 Calls to MAR 26 2021 68.0 Calls @ 1.30 credit
PLTR: Rolled short puts out and down to various expirations over next 3 weeks.
Basis if assigned on everything will be around 25.10
SNOW: Too close to call. 215 covered calls for today.
TQQQ
#ShortPuts – Adding another one.
Sold TQQQ APR 9 2021 75.0 Put @ 2.40
LAZR Earnings
#ShortPuts – Nothing for this week but adding to some others. Earnings today.
Sold LAZR APR 1 2021 26.5 Puts @ 1.25
TQQQ
#ShortPuts – Replacing some that were recently closed.
Sold TQQQ APR 1 2021 75.0 Puts @ 1.50
TQQQ
#ShortPuts – Looking for weakness now to add further out.
Bought to Close TQQQ MAR 26 2021 75.0 Put @ .52 (sold for 2.25)
Bought to Close TQQQ APR 1 2021 70.0 Put @ .65 (sold for 2.20)
My Reddit Fueled Silver Saga (SLV)
#BullPutSpreads #CoveredCalls – I got caught up in the reddit craze when it looked like they might go after silver next. First trade was ITM bull put spreads going very directional.
Feb 1st: Sold March 19th 30/25 BuPS @ 3.30
It didn’t take long to see that this was never going to work. To minimize losses I sold bear call spreads right over the top of the put spreads.
Feb 23: Sold March 19th 25/30 BeCS @ 1.10
The call sales eliminated any chance of the trade being a winner but cut max loss down to 60 cents. That’s where I was going to let it end until today. I knew all along there was a decent chance the short 30 puts could get exercised early so on to plan B when that happened today. 🙂 🙂
After the early assignment I closed the 25 strike leftover long puts for additional credit.
Mar 17: Sold to close Mar 19th 25 puts @ .95
This leaves the short 25 strike calls that were sold on Feb 23rd as a covered call position on the stock. I don’t believe the 25 strike short calls will get hit this week (we’ll see). I do have a tight stop on them since I sold next week’s calls already against the stock.
Mar 17th: Sold Mar 26th 23.5 calls @ .95
All said and done the position was assigned at 30 and I’ve collected 6.30 in premium. This leaves the stock at a basis of 23.70 covered at 23.50. If needed one more roll of the calls should get the overall position to even.
I’m not sure it helps anyone but it helped me to review it all!
EDIT: Update while typing this…stopped out of this week’s 25 strike calls @ .15 so stock basis now 23.85
COUP post earnings
#ShortPuts -Jumping back in this one. Selling the expected move and down near 52 week lows. Strike sold is about 40 percent off all time high.
Sold COUP APR 16 2021 220.0 Put @ 4.50
REGN ROKU
#ShortPuts – Booking and selling.
REGN: Taking it early after a nice run up to the 50 day.
Bought to Close REGN APR 16 2021 435.0 Put @ 3.00 (sold for 7.40)
ROKU: This week looks safe so selling next week. A little early on this one. Selling against a DITM put.
Sold ROKU MAR 26 2021 365.0 Call @ 6.60
NVDA
#ShortPuts – Replacing the one closed earlier on the bounce. Selling at the expected move, below the 200 day, and near recent lows. Also, well before earnings.
Sold NVDA APR 16 2021 470.0 Put @ 6.40
TAN
#ShortPuts – Another add…
Sold TAN APR 16 2021 80.0 Put @ 2.00
MARA
#ShortPuts – First time in this one. Staying small…
Sold MARA APR 16 2021 25.0 Puts @ 1.93
SOXL
#ShortPuts – Adding…
Sold SOXL APR 16 2021 35.0 Put @ 3.00
SOXL
#ShortPuts – Don’t want this thing running away so throwing a starter out there for next month. Still sitting on a bunch of 35’s for Friday also.
Sold SOXL APR 16 2021 35.0 Put @ 2.85
LAZR
#ShortPuts – First ever earnings on Thursday. Position got a little too big so taking some before the announcement.
Bought to Close LAZR MAR 19 2021 25.0 Puts @ .28 (sold for 1.35)
TDOC
#ShortPuts – Taking the quickie a month early. Still seeing a lot of overhead resistance.
Bought to Close TDOC APR 16 2021 165.0 Put @ 2.20 (sold for 5.10)
TAN
#ShortPuts – Making some adjustments on one of my “infrastructure” plays. Taking small profits on nearer term and setting up a starter position at lower strikes. Hoping to really be able to add to it.
Bought to Close TAN MAR 19 2021 90.0 Put @ .55 (sold for 1.31)
Bought to Close TAN MAR 26 2021 90.0 Put @ 1.70 (sold for 1.96)
Sold TAN APR 16 2021 80.0 Puts @ 1.60
NVDA TQQQ
#ShortPuts – Taking a little off for the Fed meeting.
NVDA: Wild ride on this one.
Bought to Close NVDA MAR 19 2021 500.0 Put @ .75 (sold for 4.20)
TQQQ: Thinning it out a little.
Bought to Close TQQQ MAR 19 2021 80.0 Put @ .27 (sold for 2.60)
Bought to Close TQQQ APR 23 2021 60.0 Put @ 1.20 (sold for 4.15)
TQQQ
#ShortPuts – Sold TQQQ APR 30 2021 65.0 Put @ 3.00
FSLR
#ShortPuts- Small position for my infrastructure play. 🙂 Selling below the 200 day and just inside the expected move.
Sold FSLR APR 16 2021 75.0 Puts @ 2.25
OSTK
#CoveredCalls – Roll out but not up keeping some downside protection and picking up nice credit.
Rolled OSTK MAR 12 2021 68.0 Calls to MAR 19 2021 68.0 Calls @ 2.55 credit
FSLY PLTR ROKU UVXY
#ShortPuts #ShortCalls #CoveredCalls – A few rolls and sales.
FSLY:Letting stock get called away just below basis. Selling much lower puts to make the overall position profitable.
Sold FSLY APR 16 2021 60.0 Puts @ 1.60
PLTR: Rolling another week instead of taking stock.
Rolled PLTR MAR 12 2021 26.5 Put to MAR 19 2021 25.0 Put @ .13 credit
Rolled PLTR MAR 12 2021 27.5 Put to MAR 19 2021 26.5 Put @ .02 credit
Rolled PLTR MAR 12 2021 28.5 Put to MAR 19 2021 28.0 Puts @ .07 credit
Rolled PLTR MAR 12 2021 30.0 Puts to MAR 19 2021 29.5 Puts @ .16 debit
ROKU: Replacing this week’s expiration. Selling against a DITM short put.
Sold ROKU MAR 19 2021 380.0 Call @ 5.50
UVXY: Covered. Replacing this week’s expiration.
Sold UVXY MAR 19 2021 8.0 Calls @ .48
LABU
#ShortPuts – Taking the bottom of the ladder.
Bought to Close LABU APR 1 2021 65.0 Put @ 1.05 (sold for 4.30)
EWZ
#ShortPuts – Taking over half in 3 days and 5 weeks early.
Bought to Close EWZ APR 16 2021 29.0 Puts @ .50 (sold for 1.11)
Bought to Close EWZ APR 16 2021 28.0 Puts @ .35 (sold for .85)
TQQQ
#ShortPuts – Taking it a couple days early on the bounce.
Bought to Close TQQQ MAR 12 2021 80.0 Put @ .70 (sold for 3.10)
TDOC pre earnings
#ShortPuts – Two weeks before earnings, at the expected move, and almost 50 percent off highs.
Sold TDOC APR 16 2021 165.0 Put @ 5.10
/ES TSLA
#ShortStrangles #Futures #Hedges – Catching up on some losers although I look at my ES hedge as being a #TakeOneForTheTeam 🙂 🙂 .
/ES: Stopped out on the big run. Best money I ever spent!
Sold /ES APR 21 (Wk3) 3460/3060 Put Spread @ 16.75 (bought for 34.00 and these are $50 per point)
TSLA: After chasing this around with a bunch of rolls bailing on it. Not worth the hassle.
Bought to Close TSLA MAR 19 2021 560.0/770.0 Strangle @ 18.50 (sold for 16.85)
SPY
#ShortPuts – On a move like today and back near all time highs I’ve gotta take these. Almost 60 percent of max 38 days early.
Bought to Close SPY APR 16 2021 325.0 Put @ 1.05 (sold for 3.35)
Bought to Close SPY APR 16 2021 330.0 Put @ 1.21 (sold for 3.35)
Bought to Close SPY APR 16 2021 335.0 Put @ 1.40 (sold for 3.20)
Bought to Close SPY APR 16 2021 340.0 Put @ 1.62 (sold for 3.70)
Bought to Close SPY APR 16 2021 345.0 Put @ 1.90 (sold for 3.40)
Bought to Close SPY APR 16 2021 350.0 Put @ 2.25 (sold for 4.60)
LAZR
#ShortPuts – Using the bounce to roll to the back of the ladder.
Rolled LAZR MAR 12 2021 28.0 Puts to LAZR APR 9 2021 27.0 Puts @ .35 credit
Rolled LAZR MAR 12 2021 27.0 Puts to LAZR APR 9 2021 25.5 Puts@ .30 credit
EWZ
#ShortPuts – First time in this one in awhile. Starter positions…
Sold EWZ APR 16 2021 29.0 Puts @ 1.11
Sold EWZ APR 16 2021 28.0 Puts @ .85
ROKU TSLA
#ShortCalls – Wouldn’t mind seeing a little rally in these so best way for that to happen is roll calls down. 🙂 🙂 Sold against longer dated short puts.
Rolled ROKU MAR 12 2021 400.0 Call to MAR 12 2021 375.0 Call @ 2.70 credit
Rolled TSLA MAR 12 2021 750.0 Call to MAR 12 2021 675.0 Call @ 4.20 credit
TQQQ
#ShortPuts – Just over a half size position now. Any time I roll the front week out I add to it to really average down. Added to the earlier roll.
Sold TQQQ APR 23 2021 60.0 Put @ 4.15
LAZR ROKU TQQQ TSLA UVXY
#ShortPuts – Gonna be out most of the day so using the bounce to roll some stuff and really reduce deltas (risk).
LAZR: Rolled to back of ladder.
Rolled LAZR MAR 5 2021 28.0 Puts to APR 1 2021 26.5 Puts @ even
ROKU: Roll out and down. Will sell weekly calls against.
Rolled ROKU MAR 19 2021 450.0 Put to JUN 18 2021 430.0 Put @ 2.50 credit (49.15 total now)
TQQQ: Rolled to back of ladder.
Rolled TQQQ MAR 5 2021 90.0 Put to APR 23 2021 79.0 Put @ .74 credit
TSLA: Big delta reduction here. Good weekly call premium to sell against.
Rolled TSLA MAR 19 2021 550.0 Put to APR 16 2021 480.0 Put @ 1.05 credit
UVXY: Covered. Keeping the hedge and bringing in good weekly cash.
Rolled UVXY MAR 5 2021 8.5 Calls to MAR 12 2021 8.5 Calls @ .41 and .27
Emini protection
#LongPutSpreads – Bought an emini 3460/3060 put spread for April monthly. 1700 bucks it cost me but makes 18,300 max if things really get ugly. Bought the long strike at the 200 day and then just sold way under it to reduce cost. As much as it pains me to actually buy something it is cheap insurance. I’ll just take it out of realized gains for the year if I have to since it’s been a great two months to start the year.
Bought /ES APR 21 (Wk3) 3460/3060 Put Spread @ 34.00 (these are $50 per point)
SPY
#ShortPuts – Add to bottom of the ladder. Outside the expected move and below the 200 day.
Sold SPY APR 16 2021 325.0 Put@ 3.35
SNOW
#CoveredCalls – Dodged the earnings bullet so now time to work the calls back up. Same trade in two different accounts.
Rolled SNOW MAR 5 2021 210.0 Calls to MAR 19 2021 215.0 Calls @ .10 debit
LABU
#ShortPuts – Last one for a full position. After this looking mainly at SPY if we continue down.
Sold LABU APR 1 2021 65.0 Put @ 4.30
REGN
#ShortPuts – Rolling out and down. I’ll look for call sales against it.
Rolled REGN MAR 19 2021 450.0 Put to APR 16 2021 435.0 Put @ .70 credit.
BIIB
#ShortPuts – Just for safety.
Bought to Close BIIB MAR 19 2021 240.0 Put @ 2.00 (sold for 3.80)
FSLY
#CoveredCalls – Adding next week a little early.
Sold FSLY MAR 12 2021 69.0 Call @ 2.80
ROKU TSLA
#ShortStrangles – Rolling the call side of these down and in to get an extra sale in before March expiration.
Rolled ROKU MAR 19 2021 450.0 Call to MAR 12 2021 400.0 Call @ 1.90 credit
Rolled TSLA MAR 19 2021 950.0 Call to MAR 12 2021 750.0 Call @ 3.60 credit
SNOW earnings
#CoveredCalls #Earnings – Similar positions in 2 accounts. These rolls are slightly below my basis but I’m going for more downside protection. I’ll worry about the calls being ITM later on if needed. This market feels like all news is bad news so rolling down.
Rolled SNOW MAR 5 2021 240.0 Calls to MAR 5 2021 210.0 Calls @ 23.80 credit
TQQQ
#ShortPuts – Adding to the bottom of the ladder. I may or may not have to roll this week’s but this is where I would’ve added either way.
Sold TQQQ APR 16 2021 65.0 Put @ 3.40
LABU
#ShortPuts – Adding one. Almost full position now.
Sold LABU APR 1 2021 70.0 Put @ 2.50
TAN
#ShortPuts – Finally back in this one. Starter positions…
Sold TAN MAR 19 2021 90.0 Put @ 1.31
Sold TAN MAR 26 2021 90.0 Put @ 1.96
Sold TAN APR 1 2021 85.0 Put @ 1.45
LAZR
#ShortPuts – Thinning the herd slightly.
Bought to Close LAZR MAR 5 2021 27.0 Puts @ .29 (sold for 1.91)
TQQQ
#ShortPuts – Adding to the ladder.
Sold TQQQ APR 9 2021 75.0 Put @ 3.30
OSTK PINS
#ShortPuts – Taking a couple small winners at over half.
Bought to Close OSTK MAR 5 2021 62.5 Puts @ .45 (sold for 1.35)
Bought to Close PINS MAR 12 2021 75.0 Puts @ .75 (sold for 1.65)
QS
#ShortPuts – Bought to Close QS MAR 12 2021 50.0/49.0/48.0 Put bundle @ 1.48 (sold for 4.80)
ROKU
#ShortStrangle #ShortStraddle – They bought some advertising company so thought it might be bullish (not so far 🙂 🙂 ). Trying something a little different and slightly more directional. Rolling short strangle into a short straddle.
Rolled ROKU MAR 19 2021 360.0/500.00 Strangle to MAR 19 2021 450.0 Straddle @ 39.85 credit (47.55 total)
Breakeven at the 50 day now.
Looks like down today on a secondary offering. Guess reading the news would help!
ZM earnings (sort of)
#ShortPuts #Earnings #OneNightStand – Went out a couple weeks but still nice collapse in price on the up move.
Bought to Close ZM MAR 19 2021 340.0 Put @ 1.35 (sold for 5.00)
ZM earnings (sort of)
#ShortPuts – Going out to the monthly to sell something lower but still get decent premium. Outside the expected move and below recent lows.
Sold ZM MAR 19 2021 340.0 Put @ 5.00
TSLA
#ShortStrangles – Back in this one after the selloff. Selling above all time highs and at the most recent breakout level. Well outside the expected move on both sides.
Sold TSLA MAR 19 2021 550.0/950.0 Strangle @ 8.00
REGN
#ShortStrangles – Selling against a 450 strike short put. 1.5 times the expected move and above the 50 day moving average resistance.
Sold REGN MAR 19 2021 500.0 Call @ 2.70 (450/500 @ 10.20 now)
ROKU
#ShortStrangles – Selling against a 360 strike short put. Above all time high and twice the expected move.
Sold ROKU MAR 19 2021 500.0 Call @ 2.75 (360/500 @ 7.70 now)
OSTK PLTR SNOW SOXL UVXY
#ShortPuts #CoveredCalls – A little bit of everything today.
OSTK: Rolling out and down a week.
Rolled OSTK FEB 26 2021 77.5 Put to MAR 5 2021 76.0 Put @ .50 credit
PLTR: Rolling out one or two weeks.
Rolled PLTR FEB 26 2021 27.5 Put to MAR 5 2021 27.0 Put @ .02 credit
Rolled PLTR FEB 26 2021 28.0 Put to MAR 12 2021 27.5 Put @ .36 credit
Rolled PLTR FEB 26 2021 29.0 Put to MAR 12 2021 28.5 Put @ .20 credit
Rolled PLTR FEB 26 2021 30.0 Put to MAR 12 2021 30.0 Put @ .55 credit
Rolled PLTR FEB 26 2021 30.5 Put to MAR 12 2021 30.0 Put @ .07 credit
SNOW: Taking assignment and selling DITM covered calls for max downside earnings protection.
Sold SNOW MAR 5 2021 240.0 Call @ 25.50
Sold SNOW MAR 5 2021 240.0/400.0 BeCS @ 25.00 (had to spread it in an IRA)
SOXL: Rolled to a strike that’s 15:1 split friendly.
Rolled SOXL MAR 19 2021 515.0 Put to MAR 19 2021 525.0 Put @ 4.00 credit
UVXY: Covered calls…still holding the hedge picking up some more credit.
Rolled UVXY FEB 26 2021 8.5 Calls to MAR 5 2021 8.5 Calls @ .20 credit
SPY
#ShortPuts – Add to the bottom of the ladder below the 200 day.
Sold SPY APR 16 2021 330.0 Put @ 3.35
SPY
#ShortPuts – Add to the bottom of the ladder below the 200 day.
Sold SPY APR 16 2021 335.0 Put @ 3.20
SPY
#ShortPuts – Adding down by the 200 day.
Sold SPY APR 16 2021 350.0 Put @ 4.60
LABU
#ShortPuts – Added…a little early on this one.
Sold LABU APR 1 2021 75.0 Put @ 2.80
FSLY
#CoveredCalls – Selling next week a day early and slightly below cost basis for some downside protection.
Sold FSLY MAR 5 2021 73.0 Call @ 4.50
NVDA earnings and post earnings
#ShortPuts #Earnings – Happy to be out of this week. Selling outside the expected move and down near the 200ma on the new one.
Bought to Close NVDA FEB 26 2021 550.0 Put @ 2.25 (sold for 5.00)
Sold NVDA MAR 19 2021 500.0 Put @ 4.20
OSTK post earnings
#ShortPuts – Let’s see if it can take out the 50, 100, and 200 day moving averages in a week and a half. Already over 40 percent off all time highs.
Sold OSTK MAR 5 2021 62.5 Puts @ 1.35
OSTK earnings
#ShortPuts – I may regret it but adding one more a little more aggressively.
Sold OSTK FEB 26 2021 77.5 Put @ 2.40
