#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
#BullPutSpreads – Just messing around with this one…
Bought to Close PLUG SEP 18 2020 12.0/10.0 Bull Put Spreads @ .70 (sold for 1.30)
#ShortPuts – Looking a little weak so booking these now.
Bought to Close MRNA AUG 21 2020 60.0 Puts @ .20 (sold for .96)
#ShortPuts – Taking it a little early…
Bought to Close TQQQ AUG 28 2020 100.0 Put @ .45 (sold for 2.90)
#ShortPuts – Book ’em. NVDA was supposed to be for earnings but have to take the winner with a two day move like this.
Bought to Close LABU AUG 21 2020 45.0 Puts @ .08 (sold for 1.80)
Bought to Close MSFT AUG 21 2020 195.0 Put @ .10 (sold for 2.60)
Bought to Close NVDA SEP 18 2020 380.0 Put @ 1.70 (sold for 4.10)
#IronCondors – TOS was pretty much useless all day yesterday but did get one fill. With the stock price sitting perfectly centered I went ahead and sold the long sides to keep some extra premium. Still holding short sides.
Sold AMZN AUG 21 2020 2650.0 Put @ .47
Sold AMZN AUG 21 2020 3750.0 Call @ .45
#ShortPuts #JadeLizards #OptionsExpiration – Out all day but got a few fills…
BIDU: Wish I could’ve watched it closer…would have been a full winner but I’ll take it.
Bought to Close BIDU AUG 14 2020 116.0/120.0/122.0 Jade Lizards @ 1.26 (sold for 2.05)
NVDA: Replacing an expiring position. Earnings next week.
Sold NVDA SEP 18 2020 380.0 Put @ 4.10
Expired: NVDA 420.0 Put (sold for 2.90)
NTAP: Still chugging along. Earnings still two weeks out. Rolling covered calls.
Rolled NTAP AUG 14 2020 41.5 Calls to AUG 21 2020 42.0 Calls @ .35 credit
#Earnings #JadeLizards – Playing it to the downside with breakeven at 1.5x the expected move. Small window here to get max profit. A move to the downside at the expected move would be perfect. As usual no upside risk.
Sold BIDU AUG 14 2020 116.0/120.0/122.0 Jade Lizards @ 2.05
#ShortPuts – Just in case we wake up in the morning and Vegas and Macau are both closing again. I’m such a positive person! 🙂 🙂
Bought to Close WYNN AUG 14 2020 71.5 Put @ .02 (sold for 1.05)
#CoveredCalls – Rolling…
Rolled SPCE AUG 14 2020 17.5 Calls to AUG 21 2020 18.0 Calls @ .11 credit
#ShortPuts – Taking this one too…
Bought to Close LABU AUG 14 2020 50.0 Puts @ .15 (sold for 1.50)
#ShortPuts #CoveredCalls – Booking some and getting a jump start on covered call selling…
LABU: Probably safe but I’ll take ’em early.
Bought to Close LABU AUG 21 2020 40.0 Puts @ .20 (sold for 1.39)
UVXY: Letting stock get assigned at 21.45 basis since puts aren’t very rollable now. Covering aggressively in case volatility stays low. In an IRA so have to spread it for now.
Sold UVXY AUG 21 2020 19.0/39.0 Bear Call Spreads @ 2.07
#ShortStrangles – It’s a long way from this new strike especially with the split boost behind it. Rolling up for more credit but still 2x outside the expected move…
Rolled TSLA SEP 18 2020 700.0 Put to SEP 18 2020 1000.0 Put @ 5.55 credit
Now 1000/2900 strangle @ 12.10
#BullPutSpreads – Thanks @Jeff for pointing this one out. Might be a fun one to play with…pretty low risk selling ITM spreads. I’ll manage it similar to an earnings spread when I sell those ITM. If the stock tanks one covered call sale will get that back.
Sold PLUG SEP 18 2020 12.0/10.0 Bull Put Spreads @ 1.30
#ShortPuts – Bought to Close T AUG 21 2020 28.5 Puts @ .04 (sold for .52)
#ShortPuts – Taking a little risk off. Sold this on the bounce off the 20ma and now approaching 100 percent retrace from covid low. I’ll take it here…
Bought to Close SPY SEP 18 2020 285.0 Put @ 1.02 (sold for 3.55)
#ShortPuts – Same as LVGO. Out another week and 10 points lower than original sale…
Sold TDOC SEP 04 2020 165.0 Put @ 4.30
#ShortPuts – Adding a week further out and 10 points lower than first sale. Still highest IV rank on my main list. A lot of LABU getting ready to close so replacing with this. Doctors or drugs? Close enough for medical exposure. LOL
Sold LVGO SEP 4 2020 100.0 Put @ 2.05
#ShortStrangles – Sold NFLX SEP 4 2020 425.0/575.0 Strangle @ 4.75
#OptionsExpiration – Let another one go the distance…
UVXY 26.0 Calls (sold for 1.45)
#ShortStrangles – A little more risk reduction…
Bought to Close NFLX AUG 21 2020 425.0/575.0 Strangle @ 1.56 (sold for 10.70)
#ShortPuts – This ticker is nearly completely cash secured even in a PM account so unloading it too. Hoping for new entries next week.
Bought to Close TQQQ AUG 21 2020 90.0 Puts @ .70 (sold for 2.50)
#ShortPuts – Thinning the herd a little in case there’s more weakness next week…
Bought to Close TQQQ AUG 21 2020 90.0 Put @ .70 (sold for 3.30)
Bought to Close TQQQ SEP 18 2020 45.0 Puts @ .35 (sold for 1.35)
#ShortPuts – Taking a small shot next week. Earnings the following week so should be able to get a nice roll if needed.
Sold NVDA AUG 14 2020 420.0 Put @ 2.90
#JadeLizards #Earnings – Wasn’t expecting that to fill but I’ll take it. Squeezed a buck out of the ‘ol lizard.
Bought to Close STMP AUG 7 2020 245.0/250.0 Bear Call Spread @ 4.90 (Lizard sold @ 5.90)
Letting put side expire….
#ShortStrangles – Filled on the new one so closing the current one…
Bought to Close TSLA AUG 21 2020 800.0/3200.0 Strangle @ .75 (sold for 6.10)
#ShortStrangles – Trying another one…
Sold TSLA SEP 18 2020 700.0/2900.0 Strangle @ 6.54
#CoveredCalls – Stock should be assigned around a 19.75 basis so getting an early start on covered calls. Planning on closing the long side of the put spreads a little later and letting the shorts get assigned so lower the better rest of the day.
Sold SPCE AUG 14 2020 17.5 Calls @ 1.58
Options Bistro 