#ShortPuts – Trying to squeeze one more in before earnings…
Sold NFLX OCT 16 2020 480.0 Put @ 3.20
Author Archives: fuzzballl
OSTK
#ShortPuts – Gotta book ’em on a move like this…
Bought to Close OSTK OCT 9 2020 65.0 Put @ .16 (sold for 1.60)
Bought to Close OSTK OCT 9 2020 64.0 Put @ .15 (sold for 1.35)
LABU
#ShortPuts – Another one filled. Completely out of LABU now…
Bought to Close LABU OCT 09 2020 42.5 Put @ .10 (sold for 1.35)
NFLX
#ShortStrangles – Adding a call next week to balance out this week’s 2P x 1C short strangle. Selling 2 times the expected move and above all time highs and a week prior to earnings.
Sold NFLX OCT 16 2020 580.0 Call @ 1.83
LABU NTES
#ShortPuts – A couple small profits. NTES is post split now so booking here and looking for a smaller size entry…
Bought to Close LABU OCT 09 2020 40.0 Put @ .10 (sold for 1.20)
Bought to Close NTES OCT 09 2020 87.0 Puts @ .60 (sold for .80) split adjusted
SPY 4 Month Update
Four months ago I posted a (too long) summary of a SPY mechanical put selling paper trading exercise I would consider if I had a large account. For a refresher here’s the link:
https://bit.ly/3cZuOw6
I’m still running the theory and so far so good. Even with the selloff recently nothing has gone ITM except for a very short time. For awhile I ran it as a sell around 40-45 days and roll at 15-20 days. I’m now in the process of returning to the original allocation of 1 contract per expiration for 20-22 straight expirations. I’m not trying to time anything so these results could be a little better I think. Just mechanically selling as soon as new expirations are available.
So far (allocating about 600k)
Premium received: 29,360
Total realized gain: 21,090
Avg. strike sold: 295
Avg. gain per contract closed: $324
At the current pace it’s looking like about 60k gain for a year with very few issues or stress. Unless we get another black swan covid type implosion I’m thinking this is a decent low maintenance strategy. If nothing else it is a great learning exercise for a new option trader.
NFLX
#ShortPuts -Going back in short term. Selling outside the expected move and below the 50 and 100 moving averages. Also 2 weeks before earnings…
Sold NFLX OCT 09 2020 475.0 Put @ 3.15
NVDA
#ShortPuts – Missed the bottom but still nice premium in these. Selling outside the expected move and below the 50ma and well before earnings…
Sold NVDA OCT 16 2020 480.0 Put @ 3.50
OSTK
#ShortPuts #CoveredCalls – Assigned stock at 85 and have reduced basis to 65.80 so letting it get called away at 70 if the market holds today. Replacing with these…
Sold OSTK OCT 9 2020 70.0 Puts @ 1.60
TSLA
#ShortPuts – Sold TSLA OCT 09 2020 375.0 Put @ 3.05
TSLA
#ShortPuts – Got half my roll up credit from this morning. Delivery numbers tomorrow so hoping for a sell the news to re-enter…
Bought to Close TSLA OCT 02 2020 410.0 Put @ .55 (sold for 3.15)
NFLX
#ShortPuts – Big rally so putting this one in the books and leaving the repair trade from previous post running…
Bought to Close NFLX OCT 16 2020 460.0 Put @ 2.21 (sold for 8.05)
NFLX
#ShortPuts #ShortCalls #RepairTrade – Can’t believe I’m having to do the same repair trade I did a couple weeks ago. What seemed like a safe call on a short strangle is getting hit again. Swapping it for a 2×1 short strangle for next week.
Bought to Close NFLX OCT 2 2020 520.0 Call @ 7.15 (sold for 1.45)
Sold NFLX OCT 9 2020 492.5 Put / 570.0 Call (2×1) @ 8.80
The 2×1 now has 3.10 of profit in it after the short call loss. New short put strike at the expected move and under the 50ma. Short call is almost 2x the expected move.
Still holding Oct 16th 460 strike short put @ 8.05
Earnings is Oct 20th which is after all this so plenty of IV out there for future adjustments…
OSTK
#ShortPuts – Bought to Close OSTK OCT 2 2020 67.5 Put @ .05 (sold for 2.20)
SNOW
#ShortPuts – First time in this one. Going short term at near the all time low. Selling the expected move since the stock is already down 8 today.
Sold SNOW OCT 09 2020 220.0 Put @ 2.25
TDOC
#ShortPuts – Looking at week prior to earnings for any new sales now. Selling outside the expected move and below 20,50, and 100 day moving averages and week prior to earnings.
Sold TDOC OCT 23 2020 187.5 Put @ 2.50
TSLA
#ShortPuts -Rolling up slightly for additional credit.
Rolled TSLA OCT 02 2020 385.0 Put to OCT 02 2020 410.0 Put @ 1.10 credit (3.15 total now)
LABU NFLX
#ShortPuts – Taking some more off the table…
Bought to Close LABU OCT 02 2020 45.0 Put @ .20 (sold for 1.32)
Bought to Close NFLX OCT 02 2020 450.0 Put @ .20 (sold for 3.60)
OSTK
#ShortPuts – Adding one…
Sold OSTK OCT 9 2020 64.0 Put @ 1.35
OSTK
#ShortPuts – Starter position in a different account…
Sold OSTK OCT 9 2020 65.0 Put @ 1.60
TSLA
#ShortPuts – Jumping back in…
Sold TSLA OCT 02 2020 385.0 Put @ 2.05
TDOC
#ShortPuts – Nice run the last few days so I’ll take it 10 days early…
Bought to Close TDOC OCT 09 2020 180.0 Put @ .35 (sold for 2.75)
TSLA
ShortPuts – Taking the quick profit…
Bought to Close TSLA OCT 02 2020 390.0 Put @ 2.50 (sold for 4.75)
SPY
#ShortPuts – Hitting resistance so taking it early…
Bought to Close SPY OCT 16 2020 295.0 Put @ .51 (sold for 2.30)
TSLA
#ShortPuts – Pretty aggressive but a couple rolls available leading into earnings…
Sold TSLA OCT 02 2020 390.0 Put @ 4.75
DOCU
#ShortPuts – Booking it on the early bounce…
Bought to Close DOCU OCT 09 2020 180.0 Put @ .30 (sold for 2.90)
TQQQ
#ShortPuts – Risk reduction on the bounce. Looking for a new pullback to re-load.
Bought to Close TQQQ OCT 02 2020 100.0 Put @ .20 (sold for 2.30)
NVDA
#ShortPuts – I’ll take it a few days early…
Bought to Close NVDA OCT 02 2020 450.0 Put @ .15 (sold for 4.33)
NFLX
#ShortStrangles – Stock caught an upgrade with a 570 target. Rolling the put sold earlier up for additional credit and adding a weekly short call.
Rolled NFLX OCT 16 2020 425.0 Put to OCT 16 2020 460.0 Put @ 4.91 credit (8.09 total now)
Sold NFLX OCT 2 2020 520.0 Call @ 1.45
EDIT: More aggressive put roll up to allow slightly more aggressive call selling for a couple weeks leading up to earnings.
EWZ
#LongCalls #LEAPS – Haven’t done one of these in awhile. Buying the LEAP calls and selling short term against them. I’ll hopefully be more disciplined with my call sales than in my past. Goal is to eventually cover the cost of the LEAPS selling half as many short term. EWZ near multi year lows (other than covid crash).
Bought to Open 10 EWZ JAN 20 2023 27.0 Calls @ 5.70
Sold 5 EWZ OCT 2 2020 29.0 Calls @ .12
Nearly every one of these I’ve ever tried would have been successful had I not got greedy with weekly sales. 🙂 🙂
NFLX
#ShortPuts – Selling down at the 200ma and 1.5 times the expected move and the week before earnings.
Sold NFLX OCT 16 2020 425.0 Put @ 3.18
NTES
#ShortPuts – Downgraded to 540-570 target.
Sold NTES OCT 09 2020 435.0 Put @ 4.00
OSTK
#ShortPuts #CoveredCalls – Catching up on Friday. Keeping stock a little longer and adding a put sale.
Rolled OSTK SEP 25 2020 70.0 Call to OCT 02 2020 70.0 Call @ 3.05 credit
Sold OSTK OCT 02 2020 67.5 Put @ 2.20
OSTK
#ShortPuts – Another one for tomorrow.
Bought to Close OSTK SEP 25 2020 67.5 Put @ .20 (sold for 2.70)
TSLA
#ShortPuts – Took the quickie profits on both of these. Looking to re-load on a pullback.
Bought to Close TSLA OCT 2 2020 325.0 Put @ 3.40 (sold this morning for 5.50)
Bought to Close TSLA OCT 2 2020 310.0 Put @ 2.25 (sold this morning for 3.80)
DOCU TDOC
#ShortPuts – Very similar stocks. Both down today and pretty high on my IV Rank list so going in again. Selling at the expected moves and near recent lows.
Sold DOCU OCT 09 2020 180.0 Put @ 2.90
Sold TDOC OCT 09 2020 180.0 Put @ 2.75
NVDA TQQQ
#ShortPuts – Won’t be able to watch the market tomorrow so taking these off today on the early bounce. Re-loading TQQQ for another one next week.
Bought to Close NVDA SEP 25 2020 465.0 Put @ .80 (sold for 3.09)
Bought to Close TQQQ SEP 25 2020 110.0 Put @ 1.60 (sold for 2.36)
Sold TQQQ OCT 02 2020 100.0 Put @ 2.30
TSLA
#ShortPuts – Glad I turned on the computer in time to catch the quick rally. Took a big shot at battery day. Moved completely against me but still out on the bounce with tiny winners and re-loading next week.
Bought to Close TSLA SEP 25 2020 375.0 Put @ 9.00 (sold for 9.80)
Bought to Close TSLA SEP 25 2020 360.0 Put @ 4.00 (sold for 4.00)
Sold TSLA OCT 2 2020 325.0 Put @ 5.50
Sold TSLA OCT 2 2020 310.0 Put @ 3.80
ADBE TDOC
#ShortPuts – A couple late fills…
Bought to Close ADBE SEP 25 2020 440.0 Put @ .75 (sold for 2.44)
Bought to Close TDOC SEP 25 2020 187.5 Put @ .43 (sold for 2.30)
TSLA
ShortStrangles – Booking for a small profit. Covers my probable .55 loss in the iron fly.
Bought to Close TSLA SEP 25 2020 350.0/570.0 Strangle 3.35 (sold for 4.10)
LABU
#ShortPuts – Adding shorter term but slightly higher strike. At the expected move near recent lows and below the 200ma.
Sold LABU OCT 02 2020 45.0 Put @ 1.32
NFLX
#ShortPuts – Still staying very short term. Selling at the expected move and below recent lows. Also a couple weeks prior to earnings…
Sold NFLX OCT 02 2020 450.0 Put @ 3.60
DOCU
#ShortPuts – Bought to Close DOCU SEP 25 2020 177.5 Put @ .10 (sold for 2.50)
TSLA
#ShortStrangles – Hopefully this won’t get interesting…
Sold TSLA SEP 25 2020 350.0/570.0 Strangle @ 4.10
TSLA
#IronFlies – Just for fun playing this as a big dud with little movement. Risk 55 to make 945.
Sold TSLA SEP 25 2020 415.0/425.0/425.0/435.0 Iron Fly @ 9.45
Battery Day
NVDA
#ShortPuts – At the expected move and below the 50ma…
Sold NVDA OCT 02 2020 450.0 Put @ 4.33
TSLA
#ShortPuts – Adding one…
Sold TSLA SEP 25 2020 360.0 Put @ 4.00
LABU
#ShortPuts – Adding at lower strikes…
Sold LABU OCT 09 2020 40.0 Put @ 1.20
SPY
#ShortPuts – Another starter…
Sold SPY OCT 16 2020 295.0 Put @ 2.30
LABU
#ShortPuts – Back in with a starter…
Sold LABU OCT 09 2020 42.5 Put @ 1.35
SPLK TDOC TSLA VXX
#ShortPuts #CoveredCalls – Staying really short term…
SPLK: Covered.
Sold SPLK OCT 02 2020 182.5 Call @ 2.15
TDOC: Going back in.
Sold TDOC SEP 25 2020 187.5 Put @ 2.30
TSLA: Rolling up slightly for a little more battery day risk. Premium similar to earnings here. 50ma and expected move now.
Rolled TSLA SEP 25 2020 350.0 Put to SEP 25 2020 375.0 Put @ 3.90 credit (9.80 total now)
VXX: Beer money on the volatility bounce.
Bought to Close VXX SEP 25 2020 25.0 Puts @ .71 (sold for .80)
Options Expiration
#OptionsExpiration – A few…
SLB 19 Calls (sold for .85)
TDOC 180 Put (sold for 2.60)
UVXY 21 Calls (sold for 3.05)
OSTK SPCE STX UVXY VXX
#ShortPuts #CoveredCalls – A few more.
OSTK: Covered Calls and adding a short put.
Rolled OSTK SEP 18 2020 70.0 Call to SEP 25 2020 70.0 Call @ 3.30 credit (12.95 total now)
Sold OSTK SEP 25 2020 67.5 Put @ 2.70
SPCE: Covered Calls.
Rolled SPCE SEP 18 2020 15.0 Calls to OCT 16 2020 15.0 Calls @ .51 credit
STX: Covered rolling hoping I don’t get taken out of the divvy.
Rolled STX SEP 18 2020 46.0 Calls to OCT 9 2020 46.0 Calls @ .20 credit
UVXY: Replacing this week’s expiation. Hedging my hedge selling slightly ITM.
Sold UVXY SEP 25 2020 17.0 Calls @ 2.25
VXX: Rolling another week.
Rolled VXX SEP 18 2020 26.0 Puts to VXX SEP 25 2020 25.0 Puts @ .01 credit
OSTK
ShortPuts – Booking the ones sold this morning. Taking the nice one day gain…
Bought to Close OSTK SEP 25 2020 65.0 Puts @ 1.60 (sold for 2.50)
OSTK
#ShortPuts – Just for something to do. Nice premium in this one…
Sold OSTK SEP 25 2020 65.0 Puts @ 2.50
TQQQ
#ShortPuts – Starter…
Sold TQQQ SEP 25 2020 110.0 Put @ 2.36
NVDA
#ShortPuts – Jumping back in short term on today’s weakness. Outside the expected move and at the 50ma.
Sold NVDA SEP 25 2020 465.0 Put @ 3.05
OSTK
#ShortPuts – Taking another one off for safety…
Bought to Close OSTK SEP 18 2020 75.0 Put @ 3.00 (sold for 4.00)
TSLA
#ShortPuts – Outside the expected move and down at the 50ma. Battery day on the 22nd will determine how this goes. IV is almost like an earnings trade.
Sold TSLA SEP 25 2020 350.0 Put @ 5.90
ADBE ADSK FSLY NFLX NVDA OSTK TDOC
#ShortPuts #ShortStrangles – A lot of these nice bounces seem to be running out of steam (unless JP comes through again! 🙂 🙂 ) . In any case taking a lot of risk off today with some good profits.
ADBE: Earnings and post earnings.
Bought to Close ADBE SEP 18 2020 460.0 Put @ 1.65 (sold for 3.50)
Sold ADBE SEP 25 2020 440.0 Put @ 2.44
ADSK: Nice bounce and happy to be out with decent profit.
Bought to Close ADSK SEP 18 2020 225.0 Put @ .67 (sold for 2.62)
FSLY: Completely out of this one now.
Bought to Close FSLY SEP 18 2020 75.0 Put @ .40 (sold for 2.20)
NFLX: Nice profits but horrible management on a greedy 505.0 strike bonus call I sold in a strangle. Rolled it into a new strangle for next week.
Bought to Close NFLX SEP 18 2020 450.0 Put @ .50 (sold for 2.85)
Bought to Close NFLX SEP 18 2020 475.0/550.0 Strangle @ 2.55 (sold for 10.25)
Rolled NFLX SEP 18 2020 505.0 Call to SEP 25 2020 455.0/545.0 (2×1) Strangle @ even
NVDA: Very happy!
Bought to Close NVDA SEP 18 2020 490.0 Put @ 1.65 (sold for 11.75)
OSTK: Nice bounce and happy to be out with decent profit.
Bought to Close OSTK SEP 18 2020 75.0 Put @ 2.31 (sold for 4.10)
TDOC: Completely out of this one now.
Bought to Close TDOC SEP 18 2020 180.0 Put @ .55 (sold for 2.60)
ADBE Earnings
#ShortPuts #Earnings – Going aggressive at the 50ma and the expected move. Was going to go out an extra week and sell down near the 100ma but those quotes were messed up on Fidelity.
Sold ADBE SEP 18 2020 460.0 Put @ 3.50
TQQQ
#ShortPuts – For safety…
Bought to Close TQQQ SEP 18 2020 115.0 Put @ .75 (sold for 2.75)
Bought to Close TQQQ SEP 18 2020 120.0 Put @ 1.25 (sold for 2.06)
FB
#ShortPuts – Taking beer money on the small bounce…
Bought to Close FB SEP 18 2020 270.0 Put @ 3.85 (sold for 4.05)
FSLY LABU
#ShortPuts – Booking a few more…
FSLY:
Bought to Close FSLY SEP 18 2020 70.0 Put @ .15 (sold for 1.20)
LABU:
Bought to Close LABU SEP 18 2020 40.0 Put @ .05 (sold for 1.50)
Bought to Close LABU SEP 18 2020 45.0 Put @ .15 (sold for 2.30)
Bought to Close LABU SEP 25 2020 40.0 Put @ .23 (sold for 1.65)
Bought to Close LABU SEP 25 2020 40.0 Puts @ .21 (sold for 1.45)
Bought to Close LABU OCT 2 2020 35.0 Put @ .20 (sold for 1.15)
NFLX
#ShortStrangles – Added another call for additional premium…
Sold NFLX SEP 18 2020 505.0 Call @ 1.85
Strangle is now 475 put and 600, 550, and 505 calls (10.25 total)
TSLA
#ShortPuts – Out most of the day but did manage one more trade. Taking this off after after selling it Friday.
Bought to Close TSLA SEP 18 2020 330.0 Put @ 1.00 (sold for 5.40)
LABU
#ShortPuts – Bought to Close LABU SEP 18 2020 40.0 Put @ .10 (sold for 1.30)
TSLA
#ShortPuts – Late fills…
Bought to Close TSLA SEP 11 2020 350.0 Put @ .10 (sold for 3.50)
Sold TSLA SEP 18 2020 330.0 Put @ 5.40
STX
#CoveredCalls – A new batch replacing this week’s. Should have this position long enough to capture the dividend the following week.
Sold STX SEP 18 2020 46.0 Calls @ .91
UVXY VXX
#ShortPuts – Rolling hedges…
Rolled UVXY SEP 11 2020 24.5 Puts to SEP 18 2020 23.5 Puts @ .15 credit (1.25 total now)
Rolled UVXY SEP 11 2020 24.0 Puts to SEP 18 2020 23.0 Puts @ .22 credit (1.05 total now)
Rolled VXX SEP 11 2020 27.0 Puts to SEP 18 2020 26.0 Puts @ .21 credit (.82 total now)
LULU
#ShortStrangles -Risk reduction.Should have followed @jsd501 out yesterday! I’ll still take it. 🙂
Bought to Close LULU SEP 18 2020 300.0/380.0 Strangle @ 1.98 (sold for 4.60)
CHWY Earnings
#ShortPuts #Earnings – No interest in keeping this one. Taking the beer money.
Bought to Close CHWY SEP 18 2020 55.0 Puts @ .89 (sold for 1.35)
TDOC
#ShortPuts – Just for safety…
Bought to Close TDOC SEP 11 2020 185.0 Put @ .28 (sold for 2.90)
LABU
#ShortPuts – Closed some this morning. Throwing some new starters out there now.
Sold LABU SEP 25 2020 40.0 Put @ 1.65
Sold LABU OCT 2 2020 35.0 Put @ 1.15
Options Bistro 