#ShortPuts – Rolling up again for more credit. Wasn’t long ago I wanted it at 80 so 70 looks pretty good. LOL Partial so far…
Rolled XBI APR 17 2020 65.0 Puts to APR 17 2020 70.0 Puts @ .95 credit (3.50 total now)
Just for fun rolling the last one up to 75 strike….
Rolled XBI APR 17 2020 65.0 Put to APR 17 2020 75.0 Put @ 2.35 credit (4.90 total now)
#CoveredCalls – A little debit and a little credit just to get them all in the same strike.
Rolled SPCE MAR 27 2020 12.5 Calls to APR 9 2020 14.0 Calls @ .20 debit
Rolled SPCE MAR 27 2020 13.5 Calls to APR 9 2020 14.0 Calls @ .75 credit
#CoveredCalls – Rolling and staying prior to earnings…
Rolled TSLA MAR 27 2020 450.0 Call to APR 09 2020 475.0 Call @ 1.84 credit
#ShortPuts – Frustrating open with the pre market rally. Selling these anyway for tomorrow hoping to get some stock back. Short a 250.0 call so wouldn’t mind these taking heat.
Sold SPY MAR 27 2020 245 Put @ 3.52
Sold SPY MAR 27 2020 247.5 Put @ 4.50
Sold SPY MAR 27 2020 250.0 Put @ 5.00
#OptionsExpiration – Almost all stock called away at 230 with about a 217.50 basis. Fresh box of ammo for tomorrow now.
#CoveredCalls – Sold this one below my basis so making a small roll. VIX 60 makes these a lot easier!
Rolled SPY MAR 25 2020 245.0 Call to MAR 27 2020 250.0 Call @ .20 credit
#ShortPuts – Buying back the one sold this morning to have more ammo for the next round of selling…
Bought to Close SPY MAR 27 2020 230.0 Put @ 1.30 (sold for 2.90)
#ShortPuts #LongPuts – A few early ones. Prices even better now.
SPCE: Nice gains on disaster puts applied to stock basis. Doesn’t look like it’s going to zero anymore.
Sold 20 SPCE JUL 17 2020 5.0 Puts @ .45 (bought for .10)
SPY: Stock should get called away today at 230.0 so starting a Friday position. Possibly add more after the (un) employment report.
Sold to Open SPY MAR 27 2020 230.0 Put @ 2.90
TNA: Trying to add at pretty low risk. Cuts basis of shares almost in half for easier recovery.
Sold TNA MAR 27 2020 16.0 Put @ 2.10
XBI: Roll up for more credit.
Rolled XBI APR 17 2020 60.0 Puts to APR 17 2020 65.0 Puts @ .75 credit (2.55 total now)
#ShortPuts – Gotta take it for a one day winner. Maybe sell again tomorrow…
Bought to Close SPY MAR 25 2020 230.0 Put @ 1.05 (sold for 3.50)
#CoveredCalls #ShortPuts – Fading the rally just a little with the call sales but staying aggressive on the put side…
Sold SPY MAR 25 2020 230.0 Call @ 8.50
Sold SPY MAR 25 2020 245.0 Call @ 1.95
Sold SPY MAR 25 2020 230.0 Put @ 3.50
#CoveredCalls #ShortPuts – Down to the wire on some of these…
Bought to Close SPY MAR 23 2020 230.0 Call @ .10 (sold for 2.20)
Sold SPY Mar 25 2020 230.0 Call @ 3.50
Expired:
SPY Mar 23 2020 220.0 Put (sold for 2.25)
Assigned:
SPY MAR 225.0 Put @ 222.0 basis
SPY MAR 230.0 Put @ 225.75 basis
Tomorrow looking to add another short put and a couple more short calls out to Wed.
#ShortPuts – Easing back into this one…
Sold XBI APR 17 2020 60.0 Puts @ 1.80
#CoveredCalls – Here we go. Hoping to make these aggressive sales next few weeks before any recovery. Should be easy to roll though.
Sold TSLA MAR 27 2020 450.0 Call @ 24.00
#CoveredCalls – Highest short put is 230 so might as well sell the covered call there too and see what happens.
Sold SPY MAR 23 2020 230.0 Call @ 2.20
#ShortPuts – Another batch…
Bought to Close SPY MAR 20 2020 225.0 Put @ .10 (sold for 4.00)
Bought to Close SPY MAR 20 2020 220.0 Put @ .05 (sold for 4.00)
Sold SPY MAR 23 2020 230.0 Put @ 4.25
Sold SPY MAR 23 2020 225.0 Put @ 3.00
Sold SPY MAR 23 2020 220.0 Put @ 2.25
#ShortPuts #CoveredCalls – Out all day but had a couple standing orders fill…
Bought to Close SPCE MAR 20 2020 14.0 Calls @ .05 (sold for 1.95)
And for better or worse starting a covered call selling program on the SPY if I get stock (looks like it)
Sold SPY MAR 20 2020 225.0 Put @ 4.00
Sold SPY MAR 20 2020 220.0 Put @ 4.00
#CoveredCalls – Bought to Close ROKU MAR 20 2020 95.0 Call @ .05 (sold for 2.60)
#CoveredCAlls – I’ll be getting a little more stock this week so covering it early with spreads…
Sold SPCE MAR 27 2020 13.5/24.0 Bear Call Spreads @ 1.15
#CoveredCalls – These are all below my bases* in the stocks but that’s ok. It would be a good thing if they get threatened…
Sold LABU MAR 27 2020 19.0 Call @ 1.01
Sold ROKU MAR 27 2020 70.0 Call @ 2.64
SOXL: Rolled down yesterday and today.
Rolled SOXL APR 17 2020 130.0 Call to APR 17 2020 100.0 Call @ 6.20 credit (19.65 total now)
🙂 🙂 🙂
#LongPuts – Bought a bunch of these during the rally the other day. Mainly to help partially protect my SOXL position. Booking them here and I’ll use the gain to decrease the SOXL basis by another 12 dollars.
Sold to Close SMH JUN 19 2020 60.0 Puts @ .92 (bought for .35)
In case anybody is interested…won’t affect me since I’m out on medical leave but…
Company offering pilots long term unpaid leave (voluntary furlough) or short term leave paid at half pay or if age 63 or 64 permanent leave to age 65 retirement at half pay per month.
Also parking a bunch of old airframes that were scheduled to go anyway. All hiring cancelled indefinitely. Let’s hope this is enough but it’s shaping up to be bigger than 9-11 as far as the hit goes. Crazy times in a crazy business…
#ShortPuts – Expiring today…
Sold SPY MAR 16 2020 235.0 Put @ 2.05
#CoveredCalls – Rolling out and down slightly. A little below my basis so watching it closely if it rallies.
Rolled NVDA MAR 20 2020 255.0 Call to MAR 27 2020 235.0 Call @ 7.50 credit (10.90 total now)
#BearCallSpreads – One last fill to get to a full position. Highest premium received so far.
Sold UVXY JAN 15 2021 45.0/55.0 Bear Call Spread @ 3.31
#ShortPuts – Let’s see if we can get to the Dec 2018 low on Monday…
Sold SPY MAR 16 2020 235.0 Put @ 3.00
#ShortPuts – Sold this yesterday afternoon for a one day trade. Closing it before Trump’s statement…
Bought to Close SPY MAR 13 2020 245.0 Put @ .40 (sold for 3.00)
#LongPuts – On second thought I’m only holding these long puts to protect in the event of a CH. 11 filing so booking profits and buying a bunch more cheapies that would get the position out at close to even if SLB disappears.
Rolled 10 SLB JUN 19 2020 17.5 Long Puts to 20 AUG 20 2020 5.0 Puts @ 1.96 credit (bought for .36)
I’ll apply all the long put profits to the basis in the stock…
#LongPuts – Bought a bunch of these a few weeks ago to protect some short puts with all the turmoil in the oil patch. Taking a little profit out but keeping plenty of protection.
Rolled SLB JUN 19 2020 17.5 Long Puts to JUN 19 2020 15.0 Puts @ 1.35 credit (bought for .36)
#ShortPuts – Haven’t been in this one in awhile. Selling week before earnings at an 8.3% divvy yield and a 10 year low.
Sold T APR 17 2020 26.0 Puts @ .97
#CoveredCalls – Got a partial earlier in the week. Finally got the rest…
Bought to Close SPCE MAR 13 2020 17.0 Calls @ .05 (sold for 4.00)
Sold SPCE MAR 20 2020 14.0 Calls @ 1.95
#CoveredCalls – Happily assigned stock a week early allowing some extra calls to be sold. SOXL is kinda scary being a leveraged could go much lower if things get crazy next week. I may end up selling it and replacing with some long term put spreads.
Sold NVDA MAR 20 2020 255.0 Call @ 3.40
Sold SOXL MAR 20 2020 140.0 Call @ 5.50
#CoveredCalls – Partials so far. (1 of 3)
Bought to Close SPCE MAR 13 2020 17.0 Call @ .05 (sold for 4.00)
Sold SPCE APR 17 2020 15.0 Call @ 2.25
#ShortPuts – Forgot I had this one in. Just seeing that it was filled at the open…
Sold SPY APR 17 2020 225.0 Put @ 8.62
I’m not doing much of anything. Selling some covered calls as I receive stock. Keeping the rest of the powder dry for now…
#LongPuts – Selling against long Jan 2022 puts…
Sold TLT MAR 20 2020 151.0 Puts @ .40
#BearCallSpreads – Weird. No fill on this yesterday but with UVXY down today it fills…
Sold UVXY JAN 17 2021 45.0/55.0 Bear Call Spread @ 2.30
#CoveredCalls – Rolling down for additional credit this week.
Rolled SPCE MAR 13 2020 20.0 Calls to MAR 13 2020 17.0 Calls @ 1.30 credit (4.00 total now)
#ShortPuts – Going way out and down…
Sold SPY MAY 15 2020 225.0 Put @ 5.25
Will be #CoveredCalls eventually – Sold ROKU MAR 13 2020 100.0 Calls @ 3.00
#LEAPS – Long term short position lottery tickets…
Bought TLT JAN 21 2022 120.0 Puts @ 1.83 average
Sold TLT MAR 13 2020 155.0/145.0 Bull Put Spreads @ .72 (one fifth size)
#CoveredCalls – A few shares leftover from an earnings play…
Bought to Close NTAP MAR 20 2020 51.0 Calls @ .07 (sold for 1.39)
Sold NTAP APR 9 2020 46.5 Calls @ 1.31
#CoveredCalls – Pretty aggressive sales ITM. Trying to really reduce basis as it pulls back a little.
Bought to Close SPCE MAR 6 2020 22.0 Calls @ .05 (sold 22/52 spreads @ 3.70 and 4.35)
Sold SPCE MAR 13 2020 20.0/35.0 Bear Call Spreads @ 2.70
#BearCallSpreads – First time in these strikes.
Sold UVXY JAN 17 2021 45.0/55.0 Bear Call Spreads @ 2.01
#ShortPuts – Rolled the rest of my short puts up and in right at the close yesterday. Completely out of all them now. I did have to buy stock pre-market to cover the DITM calls I had sold yesterday against the short puts. Basically traded all the annoying short puts that were tough to sell against for a half size covered call position.
Not seeing a reverse split coming anytime soon so should have many weeks to sell.
Bought to Close UVXY MAR 6 2020 26.5 Puts @ .05 (sold a long time ago for 1.05)
Bought to Close UVXY MAR 6 2020 31.5 Puts @ .35 (sold a long time ago for 1.00)
#ShortPuts – Scaling in. Any of these should be very easy to roll if I decide I don’t want the stock. Next target will be April 225 for over 5 bucks.
Sold SPY APR 17 2020 250.0 Put @5.20
#ShortPuts – Adding one…
Sold SPY APR 17 2020 275.0 Put @5.60
#ShortPuts – Pretty good premium in this thing so adding one…
Sold ROKU MAR 20 2020 95.0 Put @ 2.05
#ShortStrangles #ShortPuts #Earnings – Booked at the open since I’ll be out most of the day…
Bought to Close SPLK MAR 13 2020 130.0/172.5 Strangle @ 1.20 (sold for 3.00)
Bought to Close SPLK MAR 13 2020 135.0 Put @ 1.60 (sold for 2.10)
#BearCallSpreads – Added in my little tastyworks account…
Sold UVXY JAN 17 2021 20.0/30.0 Bear Call Spreads @ 2.50
#ShortStrangles #Earnings – Thanks @thomberg1201 for the idea.
Sold SPLK MAR 13 2020 130.0/172.5 Strangle @ 3.00
Soon to be #CoveredCalls – Time to begin the aggressive call selling since stock assignment looks pretty sure now. A little early on these. Will roll to next week if needed but want the downside protection.
Sold UVXY MAR 6 2020 21.5 Calls @ 2.60
Yesterday on the spike:
Sold UVXY MAR 13 2020 22.0 Call @ 5.30
There is still a chance UVXY could rally and the 26.5 short puts don’t get exercised. To protect the calls I’ve only rolled in half my puts. I’ll roll the other half Friday at the close if needed to get stock.
#ShortPuts – I don’t see the volatility going away any time soon. I rolled these out too soon so bringing them back in to either get lucky getting rid of them or taking stock and aggressively selling calls against it.
Rolled UVXY JUN 19 2020 19.0 Puts to UVXY MAR 6 2020 26.5 Puts @ .30 debit
Sold UVXY MAR 6 2020 35.0 Calls @ .32
Covers the cost of the roll and preserves the original premium in the put sales.
#BearCallSpreads – Adding…
Sold UVXY JAN 15 2021 30.0/40.0 Bear Call Spreads @ 1.85
#ShortPuts – Adding a couple…
Sold SPCE MAR 20 2020 20.0 Puts @ 1.05
#ShortPuts – Let’s see if we re-test the lows next week…
Sold SPY MAR 20 2020 285.0 Put @ 3.05
#CoveredCalls – One small roll still playing with the super short term expirations. Picking up 1.35 of upside for two more days.
Rolled SPY MAR 02 2020 290.0 Call to MAR 04 2020 291.0 Call @ .35 credit.
I know it’s a lot of bluster and some bullshit but he got this move right. If you want to skip that and go straight to his outlook start at 8:50 mark. Interesting take on what some worse case scenarios could be…
https://bit.ly/3cedEdn
Original trade:
#BullPutSpreads #Earnings – Selling slightly in the money. If I get lucky and the stock goes up it’ll be a nice winner. On the other hand, no matter how far it drops I’ll own stock about 1.70 below my basis which can be more than made up in one week of call selling with the extreme premium on this thing.
Sold SPCE FEB 28 2020 41.0/36.0 Bull Put Spreads @ 3.30
So…closing the long puts for the gains and letting the shorts get exercised. Non taxable account so selling the covered calls early using spreads. Yesterday bought puts to protect the position from anything crazy. Selling aggressively to reduce basis as quickly as possible during this high volatility.
Sold to Close SPCE FEB 28 2020 36.0 Puts @ 12.40
Sold SPCE MAR 6 2020 22.0/52.0 Bear Call Spreads @ 3.70
Bought 7x size SPCE JUL 17 2020 5.0 Puts @ .10
All said and done own the stock at 21.60 basis covered at 22 next week….whew!
#CoveredCalls – Added a few shares overnight, pre-market, and now to get up to 100 so I can play with some calls.
Bought stock gradually at 295.10 average. Selling Monday’s call at breakeven. If it gets taken out I’m fine with that. Should be an easy roll in this environment.
Sold SPY MAR 02 2020 290.0 Call @ 5.30
About to take out the 100 week moving average? Next one after that is the 200 week at 263.
Amazing…
#BearCallSpreads – New position in these strikes…
Sold UVXY JAN 17 2021 30.0/40.0 Bear Call Spreads @ 1.54
#BearCallSpreads – In a little tastyworks account I rarely look at. Set it and forget it until UVXY gets back near lifetime lows.
Sold UVXY JAN 17 2021 20.0/30.0 Bear Call Spreads @ 2.40
#BearCallSpreads – Forgot I had these in. Filled at the open.
Sold UVXY APR 17 2020 20.0/30.0 Bear Call Spreads @ 2.04 average
#Stock – Instead of selling any more puts in this (or anything else) I’m spreading some dollars out into SPY stock. Buying a few shares every 5 point drop to get into a longer term average position.
Bought SPY stock @ 304.00
#ShortStrangles – Going inverted on my 120/130 strangle by 5 points but premium received is greater than that so no upside risk.
Rolled ROKU MAR 20 2020 130.0 Call to MAR 20 2020 115.0 Call @ 3.50 credit (10.75 total now)
#ShortPuts – Selling the week prior to earnings and down near 2 year lows and just outside the expected move.
Sold UNH APR 03 2020 230.0 Put @ 3.60
#ShortCalls #BearCallSpreads – Only have one contract but it’s really annoying so rolling to ITM with defined risk.
Rolled 1 DRIP JUN 19 2020 160.0 Call to 2 DRIP SEP 18 2020 100.0/150.0 Bear Call Spreads @ 3.75 credit
#BearCallSpreads – A little nearer term. Staying small in case a roll is needed…
Sold UVXY APR 15 2020 20.0/30.0 Bear Call Spreads @ 1.80
#ShortPuts – Going out and down for the next sale…
Sold SPY JUN 19 2020 290.0 Put @ 7.05
#ShortPuts – Sold TQQQ APR 17 2020 65.0 Put @ 2.40
#ShortPuts – Taking the rest of this off since it looks like it’s running out of steam…
Bought to Close GILD MAR 13 2020 65.0 Puts @ .44 (sold for 1.34)
#BullPutSpreads #Earnings – Selling slightly in the money. If I get lucky and the stock goes up it’ll be a nice winner. On the other hand, no matter how far it drops I’ll own stock about 1.70 below my basis which can be more than made up in one week of call selling with the extreme premium on this thing.
Sold SPCE FEB 28 2020 41.0/36.0 Bull Put Spreads @ 3.30
#BearCallSpreads – First time in this expiration…
Sold UVXY SEP 20 2020 20.0/30.0 Bear Call Spreads @ 1.40
Options Bistro 