#ShortPuts #ShortStrangles #JadeLizards
Bought to Close TSLA JUL 24 2020 1500.0/1505.0 Bear Call Spread part of the Jade Lizard @ 4.49
Any fill better than 5.0 adds to the profit here. I’ll let the put side expire for net gain of 2.36.
Also:
Sold TSLA AUG 21 2020 800.0/3200.0 Strangle @ 6.10 (can do better now)
Figuring 50 percent down and 100 percent up might be safe! 🙂 🙂
Also:
Still holding 600 strike short put in Aug monthly.
#ShortPuts #Earnings – Might end up with some stock here. Got another position out in the monthlies slightly lower.
Sold T JUL 24 2020 30.5 Puts @ .75
#ShortPuts – After a few rolls finally got this one. Happily paying the dime here…
Bought to Close TNA JUL 24 2020 26.0 Puts @ .10 (sold for 3.10 total premium)
#ShortPuts #Earnings – In a different account…going out to the monthlies and down near where my covered call is sitting.
Sold TSLA AUG 21 2020 600.0 Put @ 2.27
#JadeLizards #Earnings – Doing this in a PM account so the margin hit isn’t horrible. Playing for a down move of 100 to 500 points. LOL. No upside risk. Need at least down 100 for a shot at decent profit. Anything less than that still makes 1.85.
Sold TSLA JUL 24 2020 1100.0/1500.0/1505.0 Jade Lizard @ 6.85
#ShortPuts #Earnings – Just for safety in case this thing starts getting some more downward momo…
Bought to Close NFLX JUL 24 2020 450.0 Put @ .50 (sold for 5.25)
#ShortPuts – Selling below the 50ma and outside the expected move…
Sold LABU AUG 14 2020 50.0 Puts @ 1.50
#ShortPuts – This was a #TakeOneForTheTeam but it didn’t help much…
Bought to Close TQQQ JUL 24 2020 95.0 Put @ .10 (sold for 2.40)
ShortPuts – Bought to Close EWZ JUL 31 2020 27.5 Puts @ .06 (sold for .76)
#ShortPuts – A little bit of boredom and a little bit of hopefully #TakeOneForTheTeam …
Sold TNA AUG 21 2020 20.0 Puts @ .61
#ShortPuts #Earnings – Earnings this week but not much premium. Going out to the monthlies and selling below the recent range. 8.3% divvy yield down there…
Sold T AUG 21 2020 28.5 Puts @ .52
#ShortPuts – Bought to Close LABU JUL 24 2020 47.5 Puts @ .08 (sold for 1.50)
#ShortPuts – No sense waiting 2 weeks for this. Commission free below .10 in this account.
Bought to Close TQQQ JUL 31 2020 50.0 Puts @ .08 (sold for 1.23)
#ShortPuts – Sold UVXY JUL 24 2020 25.5 Puts @ .58
#ShortPuts – Closing for safety. Looking for new sales now…
Bought to Close UVXY JUL 17 2020 28.5 Puts @ .50 (sold for .70 and .95)
#ShortPuts – Taking small profits from the 29 strike. Still holding 28.5s for a probable roll.
Bought to Close UVXY JUL 17 2020 29.0 Puts @ .90 (sold for 1.17)
EWZ: It keeps paying.
Bought to Close EWZ JUL 24 2020 27.5 Puts @ .05 (sold for .72)
NFLX: Still holding next week’s 450 short put.
Sold NFLX AUG 21 2020 400.0/600.0 Strangle @ 8.55
NTAP: Covered calls.
Bought to Close NTAP JUL 17 2020 45.0 Calls @ .02 (sold for .80)
Sold NTAP JUL 24 2020 45.0 Calls @ .71
OLED: Closed for tiny profit. Replaced with NFLX strangle.
Bought to Close OLED JUL 31 2020 145.0 Put @ 2.65 (sold for 2.90)
ROKU: Another one gone early.
Bought to Close ROKU JUL 24 2020 115.0 Put @ .06 (sold for 2.07)
SLB: Covered call roll with earnings next week.
Rolled SLB JUL 17 2020 18.5 Calls to JUL 24 2020 19.0 Calls @ .25 credit (1.65 total now)
VXX: Booked it earlier in the day.
Bought to Close VXX JUL 17 2020 31.5 Puts @ .37 (sold for .72)
WYNN: Stock will be assigned at about 88.05. Wanted to get it covered quickly. In an IRA so have to spread the call sale for now. Going DITM for max downside protection. Vegas could close again. Basis 74.90 after this sale with 2 weeks still to go to earnings.
Sold WYNN JUL 24 2020 70.0/100 Bear Call Spread @ 13.15
#LMAO – Pretty funny. My trade idea made it on this morning. I knew I wouldn’t be able to get him to trade the weeklies. He went Aug monthly 22’s @ 1.40. 🙂 🙂 🙂
#ShortPuts #Earnings – Back in. A little more aggressively this time…
Sold NFLX JUL 24 2020 450.0 Put @ 5.25
#ShortPuts #Earnings – Not something I normally do but scalping a little profit already and looking for a new one to sell before the close.
Bought to Close NFLX JUL 24 2020 425.0 Put @ 2.65 (sold for 4.00)
#ShortPuts #Earnings – Somebody leak the earnings already? Stock is pretty weak so far today. I’m going out to next week and selling below the 50ma and near the 100ma.
Sold NFLX JUL 24 2020 425.0 Put @ 4.00
#ShortPuts #TakeOneForTheTeam – I feel like this is a TOFTT but in this market who knows…
Sold TQQQ JUL 24 2020 95.0 Put @ 2.40
#ShortPuts – Starter…
Sold TQQQ SEP 18 2020 45 Puts @ 1.35
#ShortPuts – Cleaned up some scraps earlier…
Bought to Close ROKU JUL 17 2020 115.0 Put @ .03 (sold for 2.33)
#ShortPuts – Taking a little risk off about 5 weeks early.
Bought to Close SPY AUG 21 2020 250.0 Put @ .82 (sold for 3.13)
#ShortPuts – Pure insanity….let’s add this:
Selling prior to earnings. If AAPL gets back to this there should be lots of other nice opportunities showing up also.
Sold AAPL JUL 24 2020 370.0 Put @ 2.30
#ShortPuts – Selling week before earnings at the expected move and well below the 50ma.
Sold OLED JUL 31 2020 145.0 Put @ 2.90
#ShortPuts – Starter position…
Sold EWZ AUG 14 2020 28.0 Puts @ .71
#ShortPuts – Sold LABU AUG 7 2020 40.0 Puts @ 1.05
#ShortPuts – Was going to let this one run the distance but playing it safe since I’ve already sold next week…
Bought to Close UVXY JUL 10 2020 30.0 Puts @ .08 (sold for 2.28)
#ShortPuts – Taking well over half with 6 weeks to go…
Bought to Close SPY AUG 21 2020 260.0 Put @ 1.15 (sold for 3.43)
#ShortPuts – Rolling and adding…
TNA: Still rolling and adding credit
Rolled TNA JUL 10 2020 27.5 Puts to JUL 24 2020 26.0 Puts @ .30 credit (3.15 total now)
UVXY: Adding
Sold UVXY JUL 17 2020 29.0 Puts @ .90
Sold UVXY JUL 17 2020 28.5 Puts @ .70
VXX: Adding
Sold VXX JUL 17 2020 31.5 Puts @ .60
#ShortPuts – Filled on the bounce…
Bought to Close SPY JUL 17 2020 285.0 Put @ .25 (sold for 2.80)
#ShortPuts – Taking profits while we have a little volatility. Also adding next week…
Bought to Close UVXY JUL 10 2020 29.0 Puts @ .10 (sold for 1.40 and 1.45)
Sold UVXY JUL 17 2020 28.5 Puts @ .95
Sold UVXY JUL 17 2020 29.0 Puts @ 1.17
Still short 30’s for tomorrow…
#ShortPuts – A few today…
COST: Taking profits a week early
Bought to Close COST JUL 17 2020 290.0 Put @ .18 (sold for 3.20)
ROKU: Thinning the herd
Bought to Close ROKU JUL 10 2020 115.0 Put @ .05 (sold for 2.20)
SPY: Taking profits a week early
Bought to Close SPY JUL 17 2020 275.0 Put @ .11 (sold for 2.85)
ULTA: Heading back in small and hopefully safe…prior to earnings
Sold ULTA AUG 21 2020 155.0 Put @ 2.90
#ShortPuts – Can’t use UVXY in this account so going with VXX. Planning on being more active on the put side of these at least out through the election. Half size to start…
Sold VXX JUL 17 2020 31.5 Puts @ .85
#ShortPuts – Still decent premium in this at much lower levels. Jumping back in on the little selloff. Selling outside the expected move and below the 50ma down near the 200ma.
Sold LABU JUL 31 2020 47.5 Puts @ 1.60
#ShortPuts – Book ’em!
Bought to Close LABU JUL 10 2020 47.5 Puts @ .05 (sold for 1.90)
Bought to Close STMP JUL 17 2020 150.0 Put @ .30 (sold for 3.53)
#ShortPuts – Still trying to talk this one down…
Sold ROKU JUL 24 2020 115.0 Put @ 2.07
#ShortPuts – Bought to Close NVDA JUL 17 2020 330.0 Put @ .10 (sold for 3.55)
#ShortPuts – Bolsonaro tested positive so got a tiny pullback. Adding here…
Sold EWZ JUL 31 2020 27.5 Puts @ .76
#ShortPuts – Bought to Close SPY JUL 17 2020 280.0 Put @ .25 (sold for 3.35)
#ShortPuts – This week’s looks good so throwing a starter out there. Hopefully get a chance to add…
Sold LABU JUL 24 2020 47.5 Puts @ 1.50
#ShortPuts – Breaking out to all time highs. With next week’s 330 looking safe I’m going out to the week before earnings and selling at the rapidly rising 50ma and slightly outside the expected move. This isn’t my usual style so let’s also add this hashtag:
Sold NVDA AUG 07 2020 350.0 Put @ 4.49
#ShortPuts – Once again couldn’t quite get this one over the finish line. Try again next week…
Rolled TNA JUL 02 2020 27.5 Puts to JUL 10 2020 27.5 Puts @ 1.15 credit (2.85 total now)
#CoveredCalls – An old earnings trade that’s been a pain for a long time. Getting closer to being out…
Bought to Close NTAP JUL 2 2020 45.0 Calls @ .05 (sold for 1.10)
Sold NTAP JUL 17 2020 45.0 Calls @ .80
#ShortPuts – Nice little pullback. Re-loading out an extra week.
Sold EWZ JUL 24 2020 27.5 Puts @ .72
#ShortPuts – Booking, adding, and rolling.
EWZ: This thing has gone from up nicely to back to even 3 times since opening the positions. Taking profits this time and hoping for a pullback to reset.
Bought to Close EWZ JUL 17 2020 28.0 Put @ .50 (sold for 1.55)
Bought to Close EWZ JUL 17 2020 29.0 Put @ .78 (sold for 1.98)
Bought to Close EWZ JUL 17 2020 30.0 Put @ 1.12 (sold for 2.56)
Bought to Close EWZ JUL 17 2020 31.0 Put @ 1.60 (sold for 3.15)
Bought to Close EWZ JUL 17 2020 32.0 Put @ 2.25 (sold for 3.95)
ROKU: Replacing the one closed yesterday.
Sold ROKU JUL 17 2020 115.0 Put @ 2.33
UVXY: Rolling.
Rolled UVXY JUL 2 2020 31.0 Puts to JUL 10 2020 29.0 Puts @ .01 credit
First off, I apologize for the length of this but it might be entertaining if we get a long, wet, locked down 3 day weekend. I’ve got a friend who’s still about 4 years from retirement but has a sizable nest egg (1.2 million). He was interested in maybe learning a little bit about the option market in hopes that there was something he could do in retirement to live off of safely but not have to watch the market every single day. I came up with a plan (3 parts) that serves 2 purposes. It lets him learn option basics as well as experiment to see if it brings in enough to live on and be within his risk tolerance. I’ve been paper trading this for a month now (TDA will turn on live quotes in your paper account if you ask them). It’s been a choppy market which is nice and the plan is going about how I imagined. The true test will be the next big panic selloff but based on what this last selloff was like I think it will do fine.
Any thoughts, ideas, or comments are welcome. I’ll post a current screenshot at the bottom of where we stand so far and break it up into 3 or 4 responses down below. I’m hoping to continue this for the foreseeable future to really get a longer term feel for it. Here we go!
#ShortPuts – Just a couple today. Most of my positions are sitting out in the July monthly expiation. Decaying nicely…
Bought to Close ROKU JUL 2 2020 108.0 Put @ .05 (sold for 2.50)
Sold UVXY JUL 10 2020 29.0 Puts @ 1.40
Anyone familiar with this place?
https://sharkinvesting.com/
#OptionsExpiration – I had one! 🙂 🙂
UVXY 30 Puts (sold for 1.60)
#ShortPuts – Adding one to an earlier starter position…
Sold LABU JUL 10 2020 47.5 Put @ 2.17
#ShortPuts – Well outside the expected move and below the 50ma and a month before earnings.
Sold NVDA JUL 17 2020 330.0 Put @ 3.55
#ShortPuts #CoveredCalls – A few today…
STMP: Doing this as a live demo for a buddy who’s learning option trading. He picked the stock and strike then I adjusted down a little for extra safety. Two weeks before earnings on this one.
Sold STMP JUL 17 2020 150.0 Put @ 3.53
TNA: Rolling out and down.
Rolled TNA JUN 26 2020 28.5 Puts to JUL 02 2020 27.5 Puts @ even (1.70 total credit so far)
UVXY: This week’s short puts look good. Covered calls DITM so wouldn’t mind a pullback here. Come and get these Mr. Market.
Sold UVXY JUL 10 2020 30.0 Puts @ 2.28
#ShortPuts – Added in a different account…
Sold SPY AUG 21 2020 250.0 Put @ 3.13
#ShortPuts – Starter position here. Thanks @jsd501 .
Sold TQQQ AUG 21 2020 50.0 Put @ 1.72
#ShortPuts – Well outside the expected move and below all the major moving averages.
Sold SPY AUG 21 2020 260.0 Put @ 3.43
#ShortPuts – Still trying to talk this one down to help my DITM covered calls…
Sold ROKU JUL 10 2020 115.0 Put @ 2.20
#ShortPuts – Not really to interested in this one so talking half in just a couple days…
Bought to Close WORK JUL 17 2020 29.0 Puts @ .48 (sold for .95)
#ShortPuts – Cleaning up some scraps during the insanity…
Bought to Close NVDA JUL 02 2020 315.0 Put @ .10 (sold for 5.51)
Bought to Close NVDA JUL 02 2020 325.0 Put @ .20 (sold for 3.06)
Bought to Close TQQQ JUL 02 2020 70.0 Put @ .23 (sold for 2.95)
#ShortPuts – Need a pullback now…
Bought to Close ROKU JUN 26 2020 110.0 Put @ .05 (sold for 2.35)
Bought to Close TQQQ JUN 26 2020 72.5 Put @ .05 (sold for 2.55)
#ShortPuts – Booking it for safety. Just a quick in and out with the patent suit late last week…
Bought to Close BIIB JUN 26 2020 245.0 Put @ .30 (sold for 2.20)
#ShortPuts – Almost all closing orders. 🙂 🙂 This thing is coming out of a nice squeeze so taking a starter to maybe talk it down a little…
Sold LABU JUL 10 2020 47.5 Puts @ 1.75
#ShortPuts – Unless we get some selling it’ll be mostly closing orders for awhile…
Bought to Close LABU JUN 26 2020 40.0 Puts @ .05 (sold for 2.00)
#ShortPuts – Just a couple today…
TNA: Rolling now in case we sell off later…
Rolled TNA JUN 19 2020 30.0 Puts to JUN 26 2020 28.5 Puts @ .30 credit (1.70 total now)
WORK: A tiny one for fun…
Sold WORK JUL 17 2020 29.0 Puts @ .95
#ShortPuts – Going for a quickie…
Sold BIIB JUN 26 2020 245.0 Put @ 2.20
#ShortPuts #Rolling – Finally out. Rolled 116 to 114 to 112 to 108 accumulating premium. Not even going to risk holding another day.
Bought to Close ROKU JUN 19 2020 108.0 Put @ .05 (sold for 2.80)
#ShortPuts – Thanks @jsd501 !
Sold TQQQ JUL 31 2020 50 Puts @ 1.23
#CoveredCalls #Dividends – I’m not sure how SPY reacts to dividends and how likely a call position DITM is of getting exercised early. Was going to let this get called away at a tiny profit but I’ll hang onto it for the weekend to make sure I get the divvy.
Rolled SPY JUN 19 2020 263.0 Calls to JUN 22 2020 265.0 Calls @ 2.02 debit
Paying .02 to insure what is hopefully about a 1.40 divvy.
#ShortPuts – Still have covered calls ITM so trying to talk it down a little more. 108 strike looks safe this week so adding. Earnings not until early August but still decent premium and easy fills.
Sold ROKU JUN 26 2020 110.0 Put @ 2.35
Sold ROKU JUL 2 2020 108.0 Put @ 2.50
#ShortPuts – In the red today so adding a short term position…
Sold NVDA JUL 02 2020 325.0 Put @ 3.06
#ShortPuts – Bought to Close NVDA JUN 19 2020 315.0 Put @ .10 (sold for 4.40)
#Earnings #JadeLizards – Taking some heat on the upside so calling this one good enough…
Bought to Close LULU JUN 19 2020 285.0/310.0/315.0 Jade Lizard @ 2.80 (sold for 6.00)
#ShortPuts – Early fill…
Bought to Close SPCE JUN 19 2020 13.0 Puts @ .10 (sold for .95)
Options Bistro 