This was a very profitable buy/write in a small retirement account
Sold 100 CINF 64.91 today. Acquired this on a Put assignment at an adjusted basis or 52.80 on 05/12/2020.
Covered 1 July 60 Call @ 5.91. Sold it @ 7.90 on a nice rollout of the June 60.

Earned one nice $60 dividend payment due 7/15.
Over all I’m happy with the result and glad to be back in cash.

Bought to close KSS 07/02/2020 20.0 Covered Calls / Sold KSS 07/10/2020 20.50 Covered Calls @ 0.42 Credit plus 0.50 better strike.
Bought to close KSS 07/02/2020 20.50 Diagonal Calls/ Sold KSS 07/10/2020 21.0 Diagonal Calls @ 0.52 Credit plus 0.50 better strike.
My 07/02/2020 21.0 short calls should expire today.

Bought to close 1 SPY 07/02/2020 309.0 Call / Sold 1 SPY 07/13/2020 312.0 Call @ 0.34 Credit plus 3 points improvement in the short strike.
Stock at 313.64.

Bought to close VIAC 07/02/2020 23.0 Calls / Sold VIAC 07/10/2020 24.0 Calls @ 0.04 Credit plus 1 one point better strike

Bought to close VXX 07/02/2020 33.0 Puts / Sold 07/10/2020 31.50 Puts @ 0.26 Credit plus a 1.50 drop in the short strike.
Written against 2021 and 2022 long puts.

The 33’s were the farthest in the money of all my short Puts and since VXX rallied from 31.03 to 32.03 in the last hour I don’t want to deal with how low it may go if the market has a late run higher and pushes VXX back down.

I still have to cover or roll 32.0 and 32.50 puts but those should be easier.

Bought to close VXX 07/02/2020 41.0 Calls @ 0.01. Sold these last Friday @ 1.52

Bought to open 1 SPY 09/30/2020 335.0 Call / Sold 1 SPY 07/10/2020 312.0 Call @ 0.12 Credit
I’m thinking that the market is again overbought with the SPY at 311.75.

The long has 91 DTE and the short has 9 DTE and is out of the money

IATA – May Passenger Demand Shows Slight Improvement IATA announced that passenger demand in May (measured in revenue passenger kilometers or RPKs), dropped 91.3% compared to May 2019.

Buy Write
Bought 100 SQQQ / Sold 1 SQQQ 07/17/2020 8.50 Covered Call @ 7.27 Net debit.
The all time low on the stock was 7.30 about a week ago.

Gold Smashes Above $1800 For First Time Since 2011

Bought to close 06/30/2020 308.00 Call @ 0.25
Sold to close 07/17/2020 315.00 Call @ 2.42

On 5/22 Bought 07/17/2020 315.00 Call @ 2.20

At the time I sold a 05/29/2020 297.00 Call @ 2.25 which I have rolled and rolled (for a credit each time) until it became today’s 308.00 short call which I sold last Friday for 1.27.

Today I unwound both sides for a gain on both sides.
I’m pretty sure that the July 315.00 long call would have ended up worthless so I’m glad to get out of it.

New diagonal Put Spread
Bought to open 06/18/2021 9.00 Puts / Sold VXX 07/02/2020 32.50 Puts @ 0.16 Credit.
The short has 2 DTE and can be rolled weekly and the long has 353 DTE

Sold VXX 07/02/2020 33.00 Puts @ 0.37.
Sold VXX 07/02/2020 32.50 Puts @ 0.32.
I’m more afraid of the call side of my strangles than the put side so I’m overloading the Puts a bit for the remainder of the week.

Bought to close 1 SPY Jun 30 2020 301 Call @ $3.39
Sold to Open 1 SPY Jul 02 2020 303 Call @ $3.68 for 0.29 Net credit and a 2 point bump in the strike for Thursday.

Still have a 308 call left for today

Re-establishing my Put diagonals against my 2021 and 2022 long puts
Sold VXX 07/02/2020 33.0 Puts @ 0.34
Sold VXX 07/02/2020 32.50 Puts @ 0.22

Bought to close 1 SPY 06/29/2020 309.00 Call @ 0.01.
Sold this against 1 SPY 09/18/2020 333.0 Call last Monday @ 5.47.
Sold 1 SPY 07/02/2020 309.00 Call @ 1.07 to replace it.

SPY is 302 at the moment

Sold SQQQ 07/02/2020 9.50 Covered Calls @ 0.10
Sold SQQQ 07/02/2020 9.00 Covered Calls @ 0.15

Sold 1 WBA 07/02/2020 42.0 Covered Call @ 0.55
Sold 1 AAL 07/02/2020 13.0 Covered Call @ 0.54.
These replace similar positions that expired Friday.

https://www.zerohedge.com/markets/triple-threat-3-major-risks-markets-are-not-pricing-yet

The market must be down on the week if all these are expiring today. Last week, almost nothing was expiring and everything needed to be rolled.

Expired:
AAL 06/26/2020 12.50 Covered Call
ADS 06/26/2020 50.00 Covered Call
ADS 06/26/2020 52.50 Covered Calls
KSS 06/26/2020 19.50 Covered Calls
KSS 06/26/2020 20.00 Diagonal Calls
KSS 06/26/2020 23.00 Diagonal Calls
SLB 06/26/2020 18.00 Covered Calls
SLB 06/26/2020 18.50 Covered Calls
SLB 06/26/2020 20.50 Diagonal Calls
SLB 06/26/2020 21.00 Diagonal Calls
SQQQ 06/26/2020 9.00 Covered Calls
SQQQ 06/26/2020 10.00 Covered Call
WBA 06/26/2020 42.00 Covered Call
WFC 06/26/2020 28.00 Covered Calls
WFC 06/26/2020 28.50 Covered Calls
WFC 06/26/2020 29.00 Diagonal Calls
WFC 06/26/2020 30.00 Diagonal Calls

VXX 06/26/2020 32.00 Diagonal Puts
VXX 06/26/2020 32.50 Diagonal Puts
VXX 06/26/2020 33.00 Diagonal Put
VXX 06/26/2020 34.00 Diagonal Puts

Assignments:
NONE

Sold VXX 07/02/2020 32.0 Puts @ 0.34 replacing similar options about to expire.

Bought to close VXX 06/26/2020 36.50 Diagonal Calls / Sold VXX 07/02/2020 41.00 Diagonal Calls @ 0.52 Credit plus and extra 4.50 improvement in the short strike price.
Sold the 36.50 Calls @ 1.63 and covered them @ 1.00 although they looked like they might expire early this morning.

One of the few stock positions with options that needing rolling:
Bought to close VIAC 06/26/2020 20.0 Covered Calls / Sold 07/02/2020 20.0 Covered Calls @ 0.18 Credit
Bought to close VIAC 06/26/2020 22.0 Diagonal Calls / Sold 07/02/2020 23.0 Diagonal Calls @ 0.27 Credit plus an extra point on the short strike.
Shortened trading week next week.

Bought to close 1 SPY 06/26/2020 307.0 Call / Sold 1 06/30/2020 308.0 Call @ 1.12 Credit Plus a point higher strike.
Potentially a $200 better result with 2 trading days until expiration.

PS: The SPY has contracts coming due each day next week because of the Quarterly expiration on 6/30 and the normal Friday expiration pushed to Thursday because of the July 4th Holiday.

Bought to close 1 SPY 06/26/2020 301.0 Call / Sold 1 06/29/2020 302.0 Call @ 1.02 Credit Plus a point higher strike.
Potentially a $200 better result with ONLY ONE ADDITIONAL DAY until the new expiration.

Bought to close 06/26/2020 46.0 Calls / Sold 07/02/2020 46.0 Calls @ 0.55 Credit.
Sold this week’s 46.0 Calls @ 0.84 and 0.89 last Friday.

Bought to close 06/26/2020 40.5 Calls / Sold 07/02/2020 44.0 Calls @ 0.69 Credit Plus a 3.50 higher short strike.
Sold this week’s 40.50 Calls @ 1.69 last Friday

Bought to close 06/26/2020 39.0 Calls / Sold 07/02/2020 42.0 Calls @ 0.89 Credit Plus a 3.0 higher short strike.
Sold this week’s 39.0 Calls @ 1.39 last Friday

Bought to close KSS 06/26/2020 19.50 Calls / Sold KSS 07/02/2020 20.50 Calls @ 0.10 Credit plus an extra point on the strike price.

Bought 1 07/31/2020 60.0 Call / Sold 1 VXX 06/26/2020 36.50 Call @ 0.04 Credit.
This is similar to the spread I put on yesterday except that the long side call strike is 5 points lower.

My short calls and short puts for this week are now balanced out.
Fidelity calls these positions ” Short Calendar Iron Condor Spreads”

The coronavirus pandemic has hit the already-struggling sector particularly hard.
Some big names have gone bust recently, including Neiman Marcus , J.Crew, and J.C. Penney . Meanwhile, Amazon and other retailers with a large online presence are among the most-obvious winners of the coronavirus crisis.
The wave of bricks-and-mortar bankruptcies has some speculating that Amazon could be interested in scooping up a traditional retailer on the cheap, given its large cash hoard and willingness to take risk.
And it wouldn’t be the first time. Amazon bought Whole Foods Market back in 2017. That deal gave it a refrigerated distribution chain and positioning in attractive market areas.
A department-store acquisition could give Amazon a physical presence closer to more customers and relationships with large branded apparel companies.

Mylan’s Price-to-Earnings Ratio Is 3.7
It makes it the cheapest stock in the S & P 500 relative to its projected 2020 earnings.
Mylan is a large generic and off-patent drug company, and it is about to get much bigger. Later this summer, it is set to merge with Pfizer’s generic drug business, called Upjohn.
But investors are clearly pessimistic about the backdrop for generic drugs in the U.S., and don’t give Mylan shares much credit for its growing portfolio.
Other particularly cheap stocks in the S & P 500 include insurers Prudential Financial , MetLife , and Lincoln National . Old-school media companies ViacomCBS and Discovery also make the top 10.

I entered this order about 4:10pm EDT thinking it would be in for the open tomorrow, but it filled right away.
All good I guess.
It would be nice if the market would pull back for a few days,.
Bought to close 1 SPY 06/24/2020 300.0 Call / Sold 1 SPY 06/30/2020 301.0 Call @ 0.38 Credit Plus a point on the strike.
Rolled this to avoid assignment tomorrow night.

Since my short puts for Friday are under a bit of pressure as the market continues up I added one more call spread.
Bought 1 07/31/2020 65.0 Call / Sold 1 VXX 06/26/2020 36.50 Call @ 0.04 Credit.
If this works out by Friday, I’ll have another free “Black Swan” long call for the next month.

Sold WFC 06/26/2020 29.00 Calls @ 0.27
Sold WFC 06/26/2020 30.00 Calls @ 0.11
Stock at 27.70

Bought to open 1 SPY 09/18/2020 333.0 Call / Sold 1 SPY 06/29/2020 309.00 Call @ 0.14 Credit.
Does anyone else think this market is ridiculously overbought?
The long is 88 DTE while the short is 7 DTE and could theoretically be rolled every other day after 6/29.
The stock is 309.76

Bought to open KSS 08/21/2020 32.50 Calls / Sold KSS 06/26/2020 23.00 Calls @ 0.15 Credit.
The stock is at 22.04

Sold SQQQ 06/26/2020 9.00 Covered Calls @ 0.15 replacing similar calls that expired Friday

Bought to close WFC 06/19/2020 28.50 Covered Calls / Sold WFC 06/29/2020 28.50 Covered Calls @ 0.52 Credit.

Bought to close 1 WBA 06/19/2020 41.50 Covered Call / Sold 1 WBA 06/29/2020 42.00 Covered Call @ 0.16 Credit plus an extra 0.50 on the strike for one more week.

It seems that Apple announcing they were reclosing some stores that they had reopened tanked the market.
Although it seems to be recovering, after VXX rallied 3 points off the low, I decided to roll way up for next week.

Bought to close VXX 06/19/2020 36.50 Calls / Sold VXX 06/26/2020 40.5 Calls @ 0.89 Credit plus 4 points on the short strike.

Bought to close VXX 06/19/2020 39.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.80 Credit plus 6 points on the short strike.

Bought to close VXX 06/19/2020 42.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.88 Credit plus 4 points on the short strike.

This may expire if the market stays up but ….

Bought to close VXX 06/19/2020 35.0 Calls / Sold VXX 06/26/2020 39.0 Calls @ 0.39 Credit plus 4 points on the short strike.

I rolled this up from a strike 34.0 last week and now the short strike is well out of the money.

Bought to open VXX 06/17/2022 8.0 Puts / Sold VXX 06/26/2020 34.0 Puts @ 0.07 Credit.
I can roll the short Puts weekly for the next 2 YEARS

Bought to close ADS 06/19/2020 52.0 Covered Calls / Sold ADS 06/26/2020 52.50 Covered Calls @ 1.52 Credit plus an additional 0.50 on the strike price.

Someone assigned my short 302 call for next Monday before I could roll it.
Luckily I still have a long July Call that is close to ITM.

Still….. it’s messy in an IRA

Bought to close 1 CINF 06/19/2020 65.0 Put / Sold 1 CINF 07/17/2020 60.0 Put @ 0.60 Credit plus a 5.00 point lower strike.

Bought to close 1 ADS 06/19/2020 47.0 Covered Call / Sold 1 ADS 06/26/2020 50.0 Call @ 0.10 Credit + 3.00 better strike for only one more week.

https://www.zerohedge.com/markets/what-expect-after-tomorrows-massive-option-expiration

“The short-term setup for an SPX pullback coming out of tomorrow’s Op-Ex is there, particularly as we see a “clustering” of the CTA deleveraging- and Dealer Gamma- levels not far below market.”

Maybe someone could translate this into plain English for me.
I don’t speak “quant”

Bought to close 1 CINF 06/19/2020 65.0 Put / Sold 1 CINF 08/21/2020 50.0 Put @ 0.24 Credit.

A little history:
04/30 – Sold 05/15/2020 65.0 Put @ 0.90 (big mistake)
05/14 – Rolled 05/15/2020 65.0 Put to 06/19/2020 65.0 Put @ 0.80 Credit (was 15 points ITM)
Today – Rolled the Jun 65 Put down to the August 50.0 Put @ 0.20 Credit ( I would take the stock here near the Covid low).
My Cash backed put requirement just dropped $1500.
Today is the first day that the August contracts traded on this stock.

One example of a Short Calendar Iron Condor Spread :
For those wondering why/how I’m managing all the VXX trades here is an example of one:
+1 Aug 21 2020 85.00 C
-1 Jun 19 2020 45.00 C
-1 Jun 19 2020 33.00 P
+1 Jan 15 2021 13.00 P
They are charging the $4000 call spread requirement but $0 on the put spread.
Given the recent (last 4 days) of trading in VXX, both the shorts are likely to expire.
If not, if VXX advances I would roll the 45 out and up, if it declines, I will roll the put out and down. If it stays near the centerline, I would likely roll laterally for additional premium for next week. But no action is likely until after 2pm Friday to allow all the time value to leach away from this week’s short options.

Sold VXX 06/19/2020 70.0 Calls @ 0.13
Sold VXX 06/19/2020 75.0 Call @ 0.11.
I’m surprised that they were worth anything 🙂

I wrote against these 5 times since I bought them on 5/13 , including the first write that totally paid for them.

Just in case anyone else is holding CINF, it went Xdiv 0.60 today and is still up 2.25

I missed posting this one after the opening spike in the VIX Monday morning.
Since the VIX went into a major retreat later in the day, this one is not available now.
Bought to open 1 VXX 07/31/2020 70.0 Call / Sold 1 VXX 06/19/2020 45.0 Call @ 0.02 Credit.

Looking to pick up a free long to replace Long 70 calls I hold for this Friday.

Sold VXX 06/19/2020 34.0 Put @ 0.63
Sold VXX 06/19/2020 33.5 Put @ 0.55
Sold VXX 06/19/2020 33.0 Put @ 0.43
Sold VXX 06/19/2020 32.5 Puts @ 0.37
Sold VXX 06/19/2020 32.0 Puts @ 0.26
Sold VXX 06/19/2020 31.0 Puts @ 0.19

Re-establishing diagonals against 2021 and 2022 long puts

with the stock at 40.99
Bought to close VXX 06/12/2020 34.0 Calls / Sold 06/19/2020 35.0 Calls @ 0.16 Credit + 1.0 point bump in the strike price. (rolls are getting worse as the day goes on).

Bought to close 1 VXX 06/12/2020 37.0 Call / Sold 1 06/19/2020 42.0 Call @ 0.09 Credit + a big 5.0 point bump in the strike price for next week with the stock at 38.48.

Edit: with the stock at 41.02 added this –
Bought to close VXX 06/12/2020 36.0 Calls / Sold 06/19/2020 39.0 Call @ 0.05 Credit + a 3.0 point bump in the strike price.

Edit2: with the stock at 41.76 added this –
Bought to close VXX 06/12/2020 35.0 Calls / Sold 06/19/2020 36.50 Call @ 0.05 Credit + 1.5 point bump in the strike price. (rolls are getting worse as the day goes on).

Bought to close ADS 06/12/2020 49.0 Covered Calls / Sold ADS 06/19/2020 52.0 Covered Calls @ 0.05 Credit plus an additional 3.00 points on the strike price for one more week.

Late fills
Bought to close WBA 06/12/2020 41.0 Covered Call / Sold WBA 06/19/2020 41.50 Covered Call @ 0.31 Credit plus an additional 0.50 on the strike price.
Bought to close OXY 06/12/2020 17.0 Covered Calls / Sold OXY 06/19/2020 17.50 Covered Call @ 0.52 Credit plus an additional 0.50 on the strike price for one more week.

Bought to close 50% of my VXX 06/12/2020 30.5 Puts @ 0.01.
Sold these last week at an average cost of 2.17.

Now it looks like I’ll have to roll all my short calls instead.

Bought to open 1 VXX 09/18/2020 80.0 Call / Sold 1 VXX 06/12/2020 36.0 Call @ 0.14 Credit.
If this market flattens out after this 1300 point drop in the DJIA I should have a free September long position.

If the market continues to fall, I’ll roll the short up and out a week.

Bought to close 1 WFC 06/12/2020 27.0 Covered Call / Sold 1 WFC 06/19/2020 27.50 Covered Call @ 0.34 Credit plus a 0.50 higher strike price.
Bought to close WFC 06/12/2020 27.5 Covered Calls / Sold WFC 06/19/2020 28.50 Covered Calls @ 0.20 Credit plus a 1.00 higher strike price.

Bought to close 1 ADS 06/12/2020 46.0 Covered Call / Sold 1 ADS 06/19/2020 47.0 Covered Call @ 0.90 Credit plus a one point higher strike price.

Hard to believe this stock was above 66 on Monday