#BearCallSpreads – Setting up my call spreads to finance the next put roll. Puts are at 19 and 21 so selling 15/25 spreads around them to go with the existing 20/30s.
Sold UVXY JUN 19 2020 15.0/25.0 Bear Call Spreads @ 1.25
Author Archives: fuzzballl
UVXY
#ShortPuts #BearCallSpreads – Still have some annoying ITM short puts so using the little spike to get a slightly better roll price. Financed with call spreads I had them bracketed with. As long as UVXY hangs between 10-15 I’ll be able to continue rolling. When the next reverse split is announced I’ll roll them as far out and down as I can and then continue selling against them.
Rolled UVXY MAR 20 2020 21.0 Puts to JUN 19 2020 19.0 Puts @ .47 debit
Rolled UVXY MAR 20 2020 23.0 Puts to JUN 19 2020 21.0 Puts @ .65 debit
Completely paid for by closing half this position. I’ll hold the other half for my time and trouble…LOL
Bought to Close UVXY MAR 20 2020 20.0/30.0 Bear Call Spreads @ .26 (sold for 1.17)
OLED Earnings
#JadeLizards #Earnings – You never know what the next headline will be so taking this off now. Actually closed put side and will let calls expire…
Bought to Close OLED FEB 21 2020 157.5/185.0/187.5 Jade Lizard @ .35 (sold for 2.75)
ROKU
#ShortStrangles – Just messing around with this one contract 120/190 strangle. Rolling call side down to reduce deltas by half.
Rolled ROKU MAR 20 2020 190.0 Call to MAR 20 2020 145.0 Call @ 1.70 credit (5.20 total now)
KOLD
#BearCallSpreads – Got aggressive to get out of this one this morning. Glad I did….it’s been underwater from almost the minute I sold it.
Bought to Close KOLD FEB 21 2020 45.0 Call @ 1.70 (sold 45/53 @ 1.77)
NVDA
#ShortPuts – Missed the bigger down move this morning but take what I can get…
Sold NVDA Mar 13 2020 280.0 Put @ 2.74
OLED Earnings
#JadeLizards #Earnings – Selling the put with breakeven outside the expected move.
Sold OLED FEB 21 2020 157.5/185.0/187.5 Jade Lizard @ 2.75
UVXY
#ShortCalls – Booking and adding…
Bought to Close UVXY FEB 21 2020 13.0 Calls @ .02 (sold for .72)
Sold UVXY MAR 13 2020 12.5 Calls @ .95
TSLA IV and the power of vega
Was wondering why my TSLA short put roll was doing so well already even with a down move in the stock. Out of curiosity I took a screen shot of the IV right after the roll this morning. Compared that to one from just a few minutes ago. Interesting! I’ve always read that a massive upside move can increase volatility similar to a big downside move. This is a rare time where you can really see it. 3 hour time difference here…
STMP Earnings
#JadeLizards #Earnings – Absolutely do not trust this one so playing a Jade Lizard way to the downside with breakeven at almost 2x the expected move. No upside risk but definitely need a down move to make much. Perfect number would be down 20…LOL
Sold STMP FEB 21 2020 65.0/80.0/83.0 Jade Lizards @ 3.26
SPCE
#ShortPuts – I’ll take it for a one night stand…
Bought to Close SPCE FEB 21 2020 26.0 Puts @ .20 (sold for .92)
TSLA
#ShortPuts – Can’t believe I’m doing this. @Iceman is correct it’s Crazytown. Rolling a short put up 125 points and still 100 points outside the expected move. Setting the new strike just above the rapidly rising 50ma…
Rolled TSLA MAR 20 2020 500.0 Put to MAR 20 2020 625.0 Put @ 4.00 credit (7.10 total now)
SPCE
#ShortPuts – A small starter position just to get involved. Earnings next week with huge IV so good for a roll or covered call sale if needed.
Sold SPCE FEB 21 2020 26.0 Puts @ .92
AVGO
#ShortPuts – Now that I’m back in SOXL I’m taking this one off for risk reduction in the whole China semiconductor virus thing. Earnings in March so still watcing it.
Bought to Close AVGO MAR 06 2020 287.5 Put @ 1.30 (sold for 2.21)
SLB
#ShortPuts – Thanks @Iceman haven’t been in this one in ages. Great divvy down here too…
Sold SLB MAR 13 2020 32.0 Puts @ .63
GILD
#ShortPuts – Adding in a different account…
Sold GILD MAR 13 2020 65.0 Puts @ 1.34
LABU
#ShortPuts – Starter position…
Sold LABU MAR 13 2020 47.5 Put @ 1.30
UVXY
#ShortCalls – Sold UVXY MAR 13 2020 12.5 Calls @ .78
SOXL
#ShortPuts – Sold SOXL MAR 20 2020 205.0 Put @ 3.00
PANW
#ShortPuts – Another one getting green quickly so booking it too. Earnings on the 24th for a possible re-entry.
Bought to Close PANW FEB 21 2020 237.5 Put @ .35 (sold for 2.05)
New Ticker….SPCE
Buddy of mine called my attention to this. IV through the roof and earnings on the 25th. Weeklies also. Something to watch.
TSLA
#ShortPuts – Really sucking the volatility out of these today. Gotta book it for a 3 day trade…
Bought to Close TSLA MAR 13 2020 550.0 Put @ 2.19 (sold for 6.10)
NTAP
#CoveredCalls – I’ll be taking some stock in a tax free account. Can’t sell naked calls so going with an early spread to get the long weekend.
Sold NTAP FEB 28 2020 54.0/59.0 Bear Call Spreads @ 1.35
ANET NVDA ROKU TSLA UDOW
#ShortPuts #ShortStrangles #Earnings – 🙂 🙂 🙂 🙂
ANET: Take what I can get. Might re-load on more weakness.
Bought to Close ANET FEB 14 2020 215.0 Put @ 1.20 (sold for 3.40)
NVDA: Earnings quickie.
Bought to Close NVDA FEB 21 2020 250.0 Put @ .10 (sold for 2.80)
ROKU: Wow is all I can say. Also, thanks @Ramie for the idea on the new trade.
Bought to Close ROKU FEB 14 2020 115.0/175.0 Strangles @ .06 (sold for 2.75)
Bought to Close ROKU FEB 14 2020 122.0 Put @ .04 (sold for 3.10)
Bought to Close ROKU FEB 21 2020 115.0 Put @ .09 (sold for 2.43)
And:
Sold ROKU MAR 20 2020 120.0/190.0 Strangle @ 3.50
TSLA: Book early and re-load.
Bought to Close TSLA MAR 06 2020 450.0 Put @ .90 (sold for 4.00)
Sold TSLA MAR 20 2020 500.0 Put @ 3.10
UDOW:
Bought to Close UDOW FEB 21 2020 122.0 Put @ .30 (sold for 2.05)
ROKU Earnings
#ShortStrangles #Earnings – Late fill…
Sold ROKU FEB 14 2020 115.0/175.0 Strangles @ 2.75
UNH
#ShortPuts – Taking some risk off a couple weeks early…
Bought to Close UNH MAR 06 2020 245.0 Put @ .35 (sold for 2.91)
LABU
#ShortPuts – Completely out of this one again…
Bought to Close LABU FEB 21 2020 48.0 Put @ .15 (sold for 1.92)
ANET NVDA ROKU Earnings
#ShortPuts #Earnings – Taking a small shot at each of these…
Sold ANET FEB 14 2020 215.0 Put @ 3.40
Sold NVDA FEB 21 2020 250.0 Put @ 2.80 (went out an extra week)
Sold ROKU FEB 14 2020 122.0 Put @ 3.10
NTAP Earnings
#ShortPuts – Not much out there to do right now. A couple accounts with no positions at all completely in cash. I’ll take a small shot here.
Sold NTAP FEB 14 2020 57.5 Puts @ .79
PANW
#ShortPuts – One of the few red bars I’m seeing today. Selling pretty tight at the 50ma but it’s the week before earnings so should have great premium to roll or sell into if needed.
Sold PANW FEB 21 2020 237.5 Put @ 2.05
EXAS Earnings
#ShortPuts #Earnings – Not worth holding for 3 more days…
Bought to Close EXAS FEB 14 2020 87.5 Puts @ .15 (sold for 1.05)
SHOP Earnings
#ShortPuts #Earnings – Thanks for playing. See you in 3 months!
Bought to Close SHOP FEB 14 2020 450.0 Put @ .10 (sold for 5.10)
GILD
#ShortPuts – Adding to a previous sale…
Sold GILD MAR 06 2020 65.0 Puts @ 1.30
TSLA
#ShortPuts – Profitable stop set on my previous sale. Adding another one 70 points outside the expected move…
Sold TSLA MAR 13 2020 550.0 Put @ 6.10
AMD
#ShortPuts – A few more…
Bought to Close AMD FEB 28 2020 42.0 Puts @ .06 (sold for .72)
WYNN
#ShortPuts #Earnings – This was originally an earnings play so booking it on the bounce. There’s gotta be some China risk in this one…
Bought to Close WYNN FEB 21 2020 123.0 Puts @ .98 (sold for 2.08)
ISRG
#ShortPuts – Third time this year so far so don’t mind bailing early…
Bought to Close ISRG FEB 14 2020 557.5 Put @ .35 (sold for 3.12)
SHOP Earnings
#ShortPuts #Earnings – This stock has gone vertical and seems priced for perfection so this is kinda risky. Selling at the expected move. With very few positions on now, earnings is about the only action.
Sold SHOP FEB 14 2020 450.0 Put @ 5.10
TQQQ XBI
#ShortPuts – Cleaning up some scraps that are still weeks from expiration…
Bought to Close TQQQ FEB 28 2020 80.0 Put @ .22 (sold for 2.31)
Bought to Close XBI MAR 20 2020 79.0 Put @ .09 (sold for 1.04)
Bought to Close XBI MAR 20 2020 80.0 Put @ .11 (sold for 1.00)
SOXL
#ShortPuts – Feb double dip on this one. Out for a second time…
Bought to Close SOXL FEB 21 2020 190.0 Put @ .40 (sold for 2.50)
LABU
#ShortPuts – Lots of interesting looking earnings this week so glad to see some of these filling…
Bought to Close LABU FEB 14 2020 45.0 Put @ .05 (sold for 2.45)
EXAS Earnings
#ShortPuts #Earnings – Jumping in early for tomorrow…
Sold EXAS FEB 14 2020 87.5 Puts @ 1.05
SPY
#ShortPuts – Taking this off early after the big bounce…
Bought to Close SPY MAR 20 2020 310.0 Put @ 1.43 (sold for 4.03)
XBI
#ShortPuts – Bought to Close XBI FEB 21 2020 85.0 Put @ .05 (sold for 1.05)
ULTA
#ShortPuts – Staying involved in this one. Selling prior to earnings…
Sold ULTA MAR 6 2020 277.5 Put @ 2.85
AVGO
#ShortPuts – This should be prior to earnings. Selling outside the expected move and well below all major moving averages. China is a risk though…
Sold AVGO MAR 06 2020 287.5 Put @ 2.21
REGN TNA TSLA ULTA WYNN
#ShortPuts #Earnings – On the golf course all week but still managed a few…
REGN: Earnings…
Bought to Close REGN FEB 07 2020 355.0 Put @ .05 (sold for 3.80)
TNA: Booking it…
Bought to Close TNA FEB 07 2020 67.5 Puts @ .05 (sold for 1.32)
TSLA: Back in on the big drop…
Sold TSLA MAR 06 2020 450.0 Put @ 4.00
ULTA: Still digging out…
Bought to Close ULTA FEB 07 2020 267.5 Put @ .04 (sold for 3.40)
WYNN: Earnings…out a couple weeks for some extra room.
Sold WYNN FEB 21 2020 123.0 Puts @ 2.08
EXAS REGN ROKU
#ShortPuts – Gonna be out most of the week except to check in for a quick earnings trade hopefully. Taking some risk off on the big bounce…
EXAS: Earnings next week so getting completely out to re-sell then. I guessed wrong on the date when originally selling this one.
Bought to Close EXAS FEB 14 2020 87.5 Put @ 1.70 (sold for 2.20)
REGN: Assigned stock at 380 and rode it to 280 and back to 400 and back to 320 selling around it the whole time 🙂 Unloading stock on this bounce to get within 5.80 of even. Earnings this week so I’ll re-enter then.
Sold shares @ 350.00
ROKU: Earnings next week so booking this week.
Bought to Close ROKU FEB 7 2020 120.0/100.0 Bull Put Spreads @ .40 (sold for 2.15)
XBI
#ShortPuts – Adding one…
Sold XBI MAR 20 2020 79.0 Put @ 1.04
EXAS
#ShortPuts – Last two Febs earnings were the 21st or later so I sold these figuring it would be a week prior to the announcement. Of course now it’s confirmed to be the 11th. Taking a scratch on this one and waiting until the day prior to re-sell. Still holding the 87.50 with a breakeven order in.
Bought to Close EXAS FEB 14 2020 85.0 Put @ 2.05 (sold for 2.05)
UNH
ShortPuts – Thanks @Ramie
Sold UNH MAR 06 2020 245.0 Put @ 2.91
UVXY
#BearCallSpreads – First one in June…
Sold UVXY JUN 19 2020 20.0/30.0 Bear Call Spreads @ 1.02
LABU
#ShortPuts – Gonna give this a couple more weeks before taking the stock…
Rolled LABU JAN 31 2020 48.5 Put to FEB 14 2020 45.0 Put @ .15 credit
SPY
#ShortPuts – Starter position for now…
Sold SPY MAR 20 2020 310.0 Put @ 4.03
DRIP
#BearCallSpreads – Added one…
Sold DRIP MAR 20 2020 140.0/180.0 Bear Call Spread @ 2.75
TSLA Earnings
#ShortPuts #Earnings – Gonna be out all day so not even messing with it…
Bought to Close TSLA FEB 07 2020 480.0 Put @ .41 (sold for 5.35)
TSLA Earnings
#JadeLizards #Earnings – In a different account I’m taking a shot at an extremely bearish Jade Lizard. Playing for a down move of at least half the expected move. Selling a put at an even number and selling a very DITM bear call spread. No upside risk here…
Sold TSLA JAN 31 2020 500/545/555 Jade Lizard @ 10.05
TSLA Earnings
#ShortPuts #Earnings – Going out a week and selling 1.5x the expected move. Hard to believe but this is still above the 50ma…
Sold TSLA FEB 07 2020 480.0 Put @ 5.35
What would I really like to see? Stock down 50 and still book a nice winner here. Immediately sell another one a lot lower in Feb monthly. We can dream can’t we? 🙂 🙂
AMD
#ShortPuts – Thanks @Ramie !
Sold AMD FEB 28 2020 42.0 Puts @ .72
LK
#ShortPuts – I’ll take it for a one night stand…
Bought to Close LK FEB 7 2020 30.0 Puts @ .45 (sold for 1.01)
LK
#ShortPuts – I’ll join in. This should be before earnings by a week or two but I’m not sure…
Sold LK FEB 7 2020 30.0 Puts @ 1.01
SOXL TQQQ UDOW
#ShortPuts – Staying small. Starters in TQQQ and SOXL. Adding one to UDOW.
Sold TQQQ FEB 28 2020 80.0 Put @ 2.31
Sold SOXL FEB 21 2020 190.0 Put @ 2.50
Sold UDOW MAR 20 2020 100.0 Put @ 2.48
DRIP
#BearCallSpreads – Added one…
Sold DRIP MAR 20 2020 140.0/180.0 Bear Call Spread @ 2.35
UVXY
#BearCallSpreads – Taking some risk off with pretty good profits. Still short a few at lower strikes in Feb and a sizable position in March.
Bought to Close UVXY FEB 21 2020 18.0/30.0 Bear Call Spreads @ .44 (sold for .86)
Bought to Close UVXY FEB 21 2020 20.0/30.0 Bear Call Spreads @ .28 (sold for .80)
BA
Interesting little 25 minute video. A couple of our guys in the simulator showing some of the issues…
Options Expiration
#OptionsExpiration – No expirations but one assignment. SQ getting called away at 63.50. Was originally assigned the stock at 76.00 during an earnings implosion. Rode it all the way to 55 selling calls. Gone now with a very satisfying profit of .15 LOL
So long I’ll see ya next time!!
DRIP
#BearCallSpreads – Thanks @Jeff ! Starter position looking to add for about 2.00…
Sold DRIP MAR 20 2020 140.0/180.0 Bear Call Spread @ 1.60
XBI
#ShortPuts – Filled on another one. This is where I’d really like to build a position…
Sold XBI MAR 20 2020 80.0 Put @ 1.00
UVXY
#BearCallSpreads – Adding a couple…
Sold UVXY MAR 20 2020 15.0/30.0 Bear Call Spreads @ .95
XBI
#ShortPuts – Starter position..
Sold XBI FEB 21 2020 85.0 Put @ 1.05
ISRG
#ShortPuts – Back in again…
Sold ISRG FEB 14 2020 557.5 Put @ 3.12
ISRG Earnings
#ShortPuts #Earnings – Small winner. Looking for a re-entry now.
Bought to Close ISRG JAN 24 2020 595.0 Put @ 2.30 (sold for 3.00)
VIX
#Hedges – Taking a small loss on this hedge. I’ve still got some long volatility in my UVXY positions so don’t need the added risk here. Nice bounce today letting my out.
Bought to Close VIX MAR 20 2020 15.0/13.0 Bull Put Spreads
Sold to Close VIX MAR 20 2020 17.0/22.0 Bull Call Spread
Closed for .14 debit. Original trade was put on for a .06 credit. Net loss .08
WYNN
Once the virus starts getting cleared up this could be a good one. For now not so much…
Wynn Resorts put volume heavy and directionally bearish (TheFlyOnTheWall)
THE FLY 9:35 AM ET 1/24/2020
Symbol Last Price Change
WYNN 135.1up -4.01 (-2.88%)
QUOTES AS OF 10:35:23 AM ET 01/24/2020
Bearish flow noted in Wynn Resorts(WYNN) with 10,307 puts trading, or 4x expected. Most active are 1/24 weekly 140 calls and 1/24 weekly 135 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 2 points on the day. Earnings are expected on January 30th.
EXAS
#ShortPuts – SQ going away today so replacing it with this. Adding one in the week before earnings…
Sold EXAS FEB 14 2020 85.0 Put @ 2.05
Options Bistro 