#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)
#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)
#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)
#ShortPuts – Bought to Close LABU SEP 18 2020 40.0 Put @ .10 (sold for 1.30)
#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
#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
#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)
#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)
#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)
#ShortPuts – Just for safety…
Bought to Close TDOC SEP 11 2020 185.0 Put @ .28 (sold for 2.90)
#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
#ShortPuts – Going out a week and staying small.
Sold CHWY SEP 18 2020 55.0 Puts @ 1.35
#CoveredCalls #ShortPuts – Booking, rolling and adding…
OSTK: Covered call and new sale.
Rolled OSTK SEP 11 2020 70.0 Call to SEP 18 2020 70.0 Call @ 2.16 credit
Sold OSTK SEP 18 2020 75.0 Put @ 4.00
LABU: These weren’t looking so hot a couple days ago. I’ll take ’em here.
Bought to Close LABU SEP 11 2020 45.0 Puts @ .30 (sold for 1.80)
Bought to Close LABU SEP 11 2020 47.5 Put @ .70 (sold for 2.45)
#ShortStrangle – Adding another short call to the strangle for additional premium.
Sold NFLX SEP 18 2020 550.0 Call @ 1.75
Position is now 475/550/600 @ 8.40
#ShortPuts – Not quite half but I’ll take it for one day.
Bought to Close TQQQ OCT 2 2020 85.0 Put @ 1.95 (sold yesterday for 3.45)
#ShortPuts – Jumping back in for a quickie…
Sold DOCU SEP 25 2020 177.5 Put @ 2.50
#ShortStrangles – After earnings short term strangle…
Sold LULU SEP 18 2020 300.0/380.0 Strangle @ 4.60
#ShortPuts – Small hedge for quite a few longs next week…
Sold VXX SEP 11 2020 27.0 Puts @ .61
#ShortPuts – Let’s see if it can take out all the major moving averages…
Sold TQQQ OCT 2 2020 85.0 Put @ 3.45
#ShortPuts – Over 50 percent in a few hours…gotta take it.
Bought to Close SPY SEP 18 2020 310.0 Put @ 1.20 (sold for 2.60)
#ShortPuts – Stopped out of my overnight scalp at even. Added these though…
Sold UVXY SEP 11 2020 24.0 Puts @ .83 and .90
#ShortPuts – Gotta take a shot at the 200ma bounce.
Sold SPY Sep 18 2020 310.0 Put @ 2.60
#ShortPuts #Earnings #CoveredCalls – A few this morning…
DOCU: Earnings booking it for safety.
Bought to Close DOCU SEP 18 2020 190.0 Put @ 2.60 (sold for 3.34)
NFLX: Short strangle rolling call down for extra credit.
Rolled NFLX SEP 18 2020 640.0 Call to NFLX SEP 18 2020 600.0 Call @ 1.25 credit (6.65 total now)
OSTK: Will be assigned 100 shares. Got an early start on covered calls right at the open.
Sold OSTK SEP 11 2020 70.0 Call @ 7.50
SLB: Covered rolling.
Rolled SLB SEP 4 2020 19.0 Calls to SEP 18 2020 19.0 Calls @ .48 credit
STX: Covered rolling.
Rolled STX SEP 4 2020 46.0 Calls to SEP 11 2020 46.5 Calls @ .15 credit
TNA: Booking for safety.
Bought to Close TNA SEP 18 2020 27.0 Put @ .64 (sold for .90)
Bought to Close TNA SEP 18 2020 28.0 Put @ .85 (sold for 1.08)
UVXY: Replacing some closed yesterday.
Sold UVXY SEP 11 2020 24.5 Puts @ 1.10
#ShortPuts – This might get volatility to come down a little. Going for one night scalp…roll if needed.
Sold UVXY SEP 4 2020 26.0 Puts @ .21
#ShortPuts – A couple of my bigger positions so have to take the one day gains. Looking for a re-entry on any decent drop.
Bought to Close UVXY SEP 11 2020 21.5 Puts @ .19 (sold for 1.17)
Bought to Close UVXY SEP 11 2020 22.0 Puts @ .25 (sold for 1.16)
https://www.zerohedge.com/markets/classic-feedback-loop-why-everyone-chasing-gamma-crash
#ShortPuts – Adding….
Sold TQQQ SEP 18 2020 120.0 Put @ 2.05
#ShortPuts – Booking and selling some more. These are replacing some stock that will get called away over the weekend at breakeven. Had been selling DITM calls against it but not very rollable now. Resetting with new short puts.
Bought to Close UVXY SEP 4 2020 21.0 Puts @ .12 (sold for .54)
Sold UVXY SEP 11 2020 22.0 Puts @ 1.16
#CoveredCalls – Picking up some upside…
Rolled UVXY SEP 11 2020 20.0 Calls to UVXY SEP 18 2020 21.0 Calls @ .15 credit
#ShortPuts #Earnings – Going out a couple weeks for a lower sale…
Sold DOCU SEP 18 2020 190.0 Put @ 3.30
#ShortPuts – Still hedging a little…
Bought to Close UVXY SEP 4 2020 20.0 Puts @ .05 (sold for .72)
Sold UVXY SEP 11 2020 21.5 Puts @ 1.17
#ShortStrangles – Stopped out at over 50 percent max. Based on pre-split prices…
Bought to Close TSLA SEP 4 2020 1750.0/3400.0 Strangle @ 5.55 (sold for 12.20)
#ShortPuts – First ones in this expiration…
Sold LABU SEP 25 2020 40.0 Puts @ 1.45
#ShortStrangles – Rolling up the put side for additional premium. New strike still well outside the expected move and below the 50ma.
Rolled NFLX SEP 18 2020 440.0 Put to SEP 18 2020 475.0 Put @ 1.81 credit
New position: 475/640 @ 5.40
#ShortPuts – 1.5x the expected move and down closer to the 50ma.
Sold TSLA SEP 11 2020 350.0 Put @ 3.50
#ShortStrangles – Rolling up the put side slightly…
Rolled TSLA SEP 4 2020 300.0 Puts to SEP 4 2020 350.0 Puts @ .93 credit (12.25 total now based on pre-split)
#ShortPuts – Completely out of this now for the first time in quite awhile. Watching for a re-entry…
Bought to Close EWZ SEP 4 2020 28.5 Puts @ .17 (sold for .64)
#ShortPuts – Rolling this one up again for additional credit. Selling at the 20ma and the current expected move. We’ll call it a possible #TakeOneForTheTeam …..
Rolled NVDA SEP 18 2020 450.0 Put to SEP 18 2020 490.0 Put @ 4.70 credit (11.75 total now)
#ShortStrangles – Selling at about 2x the expected move…
Sold NFLX SEP 18 2020 440.0/640.0 Strangle @ 3.60
#ShortPuts – Staying small and short term…
Sold NFLX SEP 18 2020 450.0 Put @ 2.85
#ShortPuts – A couple starters…
Sold FSLY SEP 18 2020 75.0 Put @ 2.20
Sold FSLY SEP 18 2020 70.0 Put @ 1.20
#ShortStrangles – Going back in. Riding alongside @OptionIceman …
Sold TSLA SEP 4 2020 1500.0/3400.0 Strangle @ 7.60
#CoveredCalls – Rolling…
Rolled SPCE AUG 28 2020 15.0 Calls to SEP 18 2020 15.0 Calls @ .43 credit
#CoveredCalls #Shortputs – Rolling and adding…
Rolled UVXY AUG 28 2020 19.0 Calls to SEP 11 2020 20.0 Calls @ .25 credit
Sold UVXY SEP 4 2020 20.0 Puts @ .72
#JadeLizards #IronFlies – Should’ve sold ITM puts on all of these…LOL No upside risk at least paying off a little.
SPLK Lizard closed call side for slightly better than max loss put side expires (.45 gain)
WDAY Lizard expiring (gain .72)
ULTA Iron Fly call side closed for less than max loss put side expires (lottery ticket .70 loss)
3 cases of the Silver Bullets!
#IronFlies #Earnings #LotteryTickets – Taking a low risk high reward shot. Risk 85 to make 665. Need a slightly less than half the expected move.
Sold ULTA AUG 28 2020 212.5/220.0/227.5 Iron Fly @ 6.65
#JadeLizards – Not sure why premium is so high in this but I’ll take a shot at a Lizard for next week. Considered the naked strangle but I prefer the no risk upside here.
Sold OSTK SEP 4 2020 85.0/110.0/112.0 Jade Lizard @ 3.25
#ShortPuts – First time in this one. Selling down close to the 50ma.
Sold OSTK SEP 18 2020 75.0 Put @ 4.10
#ShortPuts – Starter…hoping to get a chance to add. Selling outside the expected move and below the 50ma.
Sold TQQQ SEP 18 2020 115.0 Put @ 2.75
#ShortPuts – Another one near all time highs. Taking it off 3 weeks early…
Bought to Close ROKU SEP 18 2020 125.0 Put @ .50 (sold for 2.80)
#JadeLizards #Earnings – Probably should just sell the put since stocks only go up. Still going with the Lizard but a little less in the money on the call side.
Sold WDAY AUG 28 2020 197.5/215.0/217.5 Jade Lizard @ 3.22
#ShortPuts – I’ve been kinda overlooking this one. Mentioned this morning on tastytrade for it’s IV rank. Selling slightly inside the expected move for once.
Sold FB SEP 18 2020 270.0 Put @ 4.05
#BullPutSpreads – Bought to Close TSLA AUG 28 2020 1300.0/1000.0 BuPS @ .06 (sold for 2.40)
#JadeLizards #Earnings – In a different account playing the ‘ol reliable downside Lizard. Breakeven near recent lows with no upside risk.
Sold SPLK AUG 28 2020 190.0/205.0/207.5 Jade Lizard @ 2.55
#ShortPuts – Reported last night. I missed the bottom this morning but still a little premium at the expected move…
Sold ADSK SEP 18 2020 225.0 Put @ 2.62
#ShortPuts #Earnings – Going out to the monthlies and selling a little lower. Stock at lifetime highs and I’m selling a put? Talk about bizarro market…
Sold SPLK SEP 18 2020 190.0 Put @ 2.80
#ShortPuts – Adding one…
Sold LABU SEP 18 2020 40.0 Put @ 1.50
#ShortPuts – Adding one…
Sold TDOC SEP 18 2020 180.0 Put @ 2.60
#ShortPuts – Adding one…
Sold LABU SEP 11 2020 47.5 Put @ 2.45
#ShortPuts #ShortStrangles #CoveredCalls – That’s about it for this week. Ready for the election fun with my biggest cash position of the year.
FSLY: A quickie for fun.
Bought to Close FSLY SEP 4 2020 65.0 Put @ .29 (sold for 1.25)
LVGO: Still holding positions in the other side of the merger with TDOC.
Bought to Close LVGO AUG 28 2020 110.0 Put @ .20 (sold for 2.30)
Bought to Close LVGO SEP 4 2020 100.0 Put @ .60 (sold for 2.05)
NFLX: Second time with one of these. Booking it a little early for safety.
Bought to Close NFLX SEP 4 2020 425.0/575.0 Strangle @ 1.44 (sold for 4.75)
NVDA: Cramer really talking it up. Rolling up from the 50ma to the 20ma for additional credit.
Rolled NVDA SEP 18 2020 425.0 Put to SEP 18 2020 450.0 Put @ 3.10 credit (7.05 total now)
SLB: Covered Calls.
Bought to Close SLB AUG 21 2020 19.0 Calls @ .01 (sold for .53)
Sold SLB SEP 4 2020 19.0 Calls @ .37
UVXY: Rolling covered calls for more credit while keeping a little downside cushion.
Rolled UVXY AUG 21 2020 19.0 Calls to AUG 28 2020 19.0 Calls @ .60 credit
Rolled UVXY AUG 21 2020 17.0 Calls to SEP 4 2020 17.0 Calls @ .38 credit
#ShortPuts – Starter positions going down below the 50ma.
Sold TNA SEP 18 2020 28.0 Put @ 1.08
Sold TNA SEP 18 2020 27.0 Put @ .90
#BullPutSpreads – I’ll take a small shot pre-split. The stock actually sold off for 10 whole minutes. 🙂 🙂
Sold TSLA AUG 28 2020 1300.0/1000.0 Bull Put Spread @ 2.40
#ShortStrangles – Ending my foray into the TSLA short strangle world. Overall loss on the 2 tries. I’ll venture back in post split on the put side only.
Bought to Close TSLA SEP 18 2020 1300.0/2900.0 Strangle @ 37.60 (sold for 19.45)
Gain on first try was 5.30 so net loss of 14.15
Looking for a put sale on some weakness….
#CoveredCalls – Thanks to @OptionIceman for reminding me WDC had suspended it’s divvy. I was not aware of this. STX is a similar company with a similar chart and a similar divvy. Liquidated my WDC and bought an equal number of shares in STX. WDC was underwater so I’ll roll all that into the new position and go from there with an STX basis.
Thanks again Iceman!
#IronCondors #ShortStrangles #CoveredCalls #Earnings – A little bit of everything today…
AMZN: Book it. Remnants of an iron condor after closing the longs recently.
Bought to Close AMZN AUG 21 2020 2700.0/3700.0 Strangle @ .25 (sold for 4.05)
NVDA: Earnings plus new position.
Bought to Close NVDA AUG 21 2020 455.0 Put @ .23 (sold for 4.10)
Bought to Close NVDA SEP 04 2020 425.0 Put @ 1.55 (sold for 3.80)
Sold NVDA SEP 18 2020 425.0 Put @ 3.95
SPCE: Covered. New sales playing to the downside.
Bought to Close SPCE AUG 21 2020 18.0 Calls @ .05 (sold for 1.65)
Sold SPCE AUG 28 2020 15.0 Calls @ 2.05
WDC: Stock assigned early so beginning covered call campaign. Great divvy down here.
Sold WDC SEP 11 2020 36.0 Calls @ .56
#ShortPuts – Just in case NVDA pulls some chip stocks down taking this off for safety. Got over half of max profit. Might look at it again when the squeeze forms and sell something ITM for the recovery.
Bought to Close INTC SEP 18 2020 45.0 Puts @ .42 (sold for .94)
#ShortPuts – Just for safety. Still holding Sep 18th 125 strike.
Bought to Close ROKU AUG 21 2020 140.0 Put @ .34 (sold for 2.78)
#ShortPuts – Sold TDOC SEP 18 2020 180.0 Put @ 3.06
#ShortPuts – Looking to replace this one now…
Bought to Close TDOC SEP 04 2020 165.0 Put @ .45 (sold for 4.30)
#ShortPuts #Earnings – Going out a couple weeks to average down just in case…
Sold NVDA SEP 04 2020 425.0 Put @ 3.80
#ShortPuts – Still nice IV rank and selling outside the expected move. Book one and replace it to stay in the game.
Bought to Close TDOC AUG 28 2020 175.0 Put @ .45 (sold for 3.30)
Sold TDOC SEP 11 2020 185.0 Put @ 2.90
#ShortPuts – First time in this one. One contract starter just to watch it.
Sold FSLY SEP 4 2020 65.0 Put @ 1.25
#ShortPuts #Earnings – Selling a day early and fairly aggressively. Solidly in the #TakeOneForTheTeam category. LOL
Sold NVDA AUG 21 2020 455.0 Put @ 4.10
#ShortStrangles – Following @jsd501 here. My second roll up of the put side so far. Massive call skew so the overall position is still short a few deltas…
Rolled TSLA SEP 18 2020 1000.0 Put to SEP 18 2020 1300.0 Put @ 7.40 credit (19.45 total now)
#ShortPuts – Closed some earlier now adding some new starters…
Sold LABU SEP 11 2020 45.0 Puts @ 1.80
Sold LABU SEP 18 2020 45.0 Put @ 2.30
Sold LABU SEP 18 2020 40.0 Put @ 1.30
Options Bistro 