#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
Author Archives: fuzzballl
OSTK
#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
OSTK
#ShortPuts – First time in this one. Selling down close to the 50ma.
Sold OSTK SEP 18 2020 75.0 Put @ 4.10
TQQQ
#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
ROKU
#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)
WDAY Earnings
#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
FB
#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
TSLA
#BullPutSpreads – Bought to Close TSLA AUG 28 2020 1300.0/1000.0 BuPS @ .06 (sold for 2.40)
SPLK Earnings
#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
ADSK post earnings
#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
SPLK Earnings
#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
LABU
#ShortPuts – Adding one…
Sold LABU SEP 18 2020 40.0 Put @ 1.50
TDOC
#ShortPuts – Adding one…
Sold TDOC SEP 18 2020 180.0 Put @ 2.60
LABU
#ShortPuts – Adding one…
Sold LABU SEP 11 2020 47.5 Put @ 2.45
FSLY LVGO NFLX NVDA SLB UVXY
#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
TNA
#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
TSLA
#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
TSLA…I’m calling the top here
#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….
WDC to STX swap
#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!
AMZN NVDA SPCE WDC
#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
INTC
#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)
ROKU
#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)
TDOC
#ShortPuts – Sold TDOC SEP 18 2020 180.0 Put @ 3.06
TDOC
#ShortPuts – Looking to replace this one now…
Bought to Close TDOC SEP 04 2020 165.0 Put @ .45 (sold for 4.30)
NVDA Earnings
#ShortPuts #Earnings – Going out a couple weeks to average down just in case…
Sold NVDA SEP 04 2020 425.0 Put @ 3.80
TDOC
#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
FSLY
#ShortPuts – First time in this one. One contract starter just to watch it.
Sold FSLY SEP 4 2020 65.0 Put @ 1.25
NVDA Earnings
#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
TSLA
#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)
LABU
#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
PLUG
#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)
MRNA
#ShortPuts – Looking a little weak so booking these now.
Bought to Close MRNA AUG 21 2020 60.0 Puts @ .20 (sold for .96)
TQQQ
#ShortPuts – Taking it a little early…
Bought to Close TQQQ AUG 28 2020 100.0 Put @ .45 (sold for 2.90)
LABU MSFT NVDA
#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)
AMZN
#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
BIDU NTAP NVDA
#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
BIDU Earnings
#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
WYNN
#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)
SPCE
#CoveredCalls – Rolling…
Rolled SPCE AUG 14 2020 17.5 Calls to AUG 21 2020 18.0 Calls @ .11 credit
LABU again
#ShortPuts – Taking this one too…
Bought to Close LABU AUG 14 2020 50.0 Puts @ .15 (sold for 1.50)
LABU UVXY
#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
TSLA
#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
PLUG
#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
T
#ShortPuts – Bought to Close T AUG 21 2020 28.5 Puts @ .04 (sold for .52)
SPY
#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)
TDOC
#ShortPuts – Same as LVGO. Out another week and 10 points lower than original sale…
Sold TDOC SEP 04 2020 165.0 Put @ 4.30
LVGO
#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
NFLX
#ShortStrangles – Sold NFLX SEP 4 2020 425.0/575.0 Strangle @ 4.75
Options Expiration
#OptionsExpiration – Let another one go the distance…
UVXY 26.0 Calls (sold for 1.45)
NFLX
#ShortStrangles – A little more risk reduction…
Bought to Close NFLX AUG 21 2020 425.0/575.0 Strangle @ 1.56 (sold for 10.70)
TQQQ
#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)
TQQQ
#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)
NVDA
#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
STMP Earnings
#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….
TSLA
#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)
TSLA
#ShortStrangles – Trying another one…
Sold TSLA SEP 18 2020 700.0/2900.0 Strangle @ 6.54
SPCE
#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
UVXY
#ShortPuts – Keeping my hedge on…
Rolled UVXY AUG 7 2020 24.0 Puts to AUG 14 2020 23.0 Puts @ .12 credit (1.35 total now)
WYNN
#CoveredCalls – Stock never got as weak as I was hoping so letting stock get called away slightly below my basis. Replacing with a short put for recovery.
WYNN Stock called away @ 65.0 (basis 68.95)
Sold WYNN AUG 14 2020 71.5 Put @ 1.05
UVXY
#CoveredCalls – I’ve got a few shares of stock I’ve been covering to keep my basis somewhat near the stock drop. Instead of selling more aggressive strikes I’ve been going out further and overlapping the sales. Once I can safely get a stop on a batch I sell the next ones. This week looks safe so…
Earlier this week:
Sold UVXY AUG 14 2020 25.0 Calls @ 1.50
And today:
Sold UVXY AUG 21 2020 25.0 Calls @ 1.42
EWZ TSLA
#ShortPuts – A few more…
Bought to Close EWZ AUG 14 2020 28.0 Puts @ .07 (sold for .71)
Bought to Close TSLA AUG 21 2020 600.0 Put @ .20 (sold for 2.27)
LABU TNA
#ShortPuts – Taking a few chips off the table…
Bought to Close LABU AUG 14 2020 40.0 Puts @ .15 (sold for 1.15)
Bought to Close TNA AUG 21 2020 20.0 Puts @ .06 (sold for .61)
STMP Earnings
#JadeLizards #Earnings – This thing has proven that it can go anywhere on earnings. I guess that’s why it’s got the highest IV Rank on my list today by a wide margin. It’s down on the day and I’m playing it further to the downside. Going with the Jade Lizard with the put side close to 1.5x the expected move….2x the expected move including today’s down move. No upside risk but will need the stock down 20 more for a shot at max profit.
Sold STMP AUG 7 2020 215.0/245.0/250.0 Jade Lizard @ 5.90
IV Rank (percentile) in Think or Swim
Not sure why I didn’t do this a long time ago. Very easy to add the column to watchlists and do custom scans for IV rank. It’s an old video but still works perfectly.
ROKU
#ShortPuts – Down a little after earnings…
Sold ROKU SEP 18 2020 125.0 Put @ 2.80
WDC Earnings
#ShortPuts – Adding to my original position…
Sold WDC AUG 21 2020 40.5 Puts @ 2.75
WDC Earnings
#ShortPuts #Earnings – A small shot out a couple weeks…
Sold WDC AUG 21 2020 40.5 Puts @ 1.01
ROKU Earnings
#ShortPuts #Earnings – Can’t believe I’m selling this strike but here goes. Right at the expected move but still above the 50ma. Sure looks extended to me…
Sold ROKU AUG 21 2020 140.0 Put @ 2.75
ATVI
#ShortPuts #Earnings #OneNightStand – Thanks for playing! I’ll call you in 3 months.
Bought to Close ATVI AUG 21 2020 76.0 Puts @ .30 (sold for .98)
LVGO
#ShortPuts – Adding the other side of the TDOC merger. Both stocks down and nobody’s happy so I’m happy!
Sold LVGO AUG 28 2020 110.0 Put @ 2.30
TDOC
#ShortPuts – Thanks @jsd501 for pointing this one out. Added to my watchlist now.
Sold TDOC AUG 28 2020 175.0 Put @ 3.30
MRNA
#ShortPuts – Just a small one. Down after earnings so selling just outside the expected move and well below the 50ma…
Sold MRNA AUG 21 2020 60.0 Puts @ .96
ATVI Earnings
#ShortPuts #Earnings – Just a straight put sale going out to the monthlies. Selling at the expected move and 50ma.
Sold ATVI AUG 21 2020 76.0 Puts @ .98
TQQQ
#ShortPuts – This is getting ridiculous. My most aggressive #TakeOneForTheTeam so far. 🙂 🙂
Sold TQQQ AUG 28 2020 100.0 Put @ 2.90
INTC NVDA
#ShortPuts – Swapping NVDA for INTC. Starter position out in Sep.
Sold INTC SEP 18 2020 45.0 Puts @ .94
Bought to Close NVDA AUG 07 2020 375.0 Put @ .06 (sold for 2.59)
