Bought to close CINF 06/19/2020 60.0 Covered Calls / Sold 07/17/2020 60.0 Covered Calls @ 1.90 Credit.

Bought to close SLB 06/12/2020 19.00 Calls / Sold SLB 06/19/2020 19.50 Calls @ 0.20 Credit plus 0.50 higher strike.

Bought to close WFC 06/12/2020 28.0 Calls / Sold WFC 06/16/2020 28.50 Calls @ 0.02 Credit but a 0.50 higher strike.

Bank stocks are not thrilled with sustained low interest rate forecasts by the Fed through 2022

One of my AAL 06/12/2020 12.0 Covered Calls was assigned.
Bought stock on 04/03 @ 9.86 with weekly writes since then.

Sold VXX 06/12/2020 36.0 Calls @ 0.33 and Sold VXX 06/12/2020 37.0 Calls @ 0.26 to write against my remaining long VXX calls.

Now hoping the stock stays above 31 and below 34 on Friday’s close.
(I’m not asking for much 🙂 )

Bought to close VIAC 06/12/2020 22.00 Calls / Sold VIAC 06/19/2020 22.00 Calls @ 0.15 Credit.
I guess I’ll have to wait for a bigger pullback to roll this up.

Bought to close 1 CINF 06/19/2020 55.0 Covered Call / Sold 1 07/17/2020 55.0 Covered Call @ 0.60 Credit.
Bought to close 1 CINF 06/19/2020 60.0 Covered Call / Sold 1 07/17/2020 60.0 Covered Call @ 1.30 Credit.

The stock is ex-dividend for 0.60 on 06/16 and I want to keep the dividend. The June options would likely be assigned before expiration.

Bought to close 1 CINF 06/19/2020 60.0 Covered Call / Sold 1 07/17/2020 60.0 Covered Call @ 0.90 Credit.

The stock is also ex-dividend for 0.60 on 06/16 and I want to keep the dividend. The June option would likely be assigned before expiration.

Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.0 Covered Call @ 8.32 Debit
– stock bought @ 8.48

Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.0 Covered Call @ 8.37 Debit – stock 8.53
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.5 Covered Call @ 8.37 Debit – stock 8.49
Day’s Range $8.43 – $8.82

Expired:
VXX 06/05/2020 40.00 Diagonal Calls
VXX 06/05/2020 33.00 Diagonal Calls
VXX 06/05/2020 32.50 Diagonal Calls

Assigned:
CCL 06/05/2020 16.50 Covered Call

Bought to open 01/21/2022 8.0 Puts / Sold 06/12/2020 29.0 Puts @ 0.27 Credit
The long is 595 DTE and the short is 7 DTE with the stock at 29.14

Bought to close AAL 06/05/2020 12.00 Calls / Sold AAL 06/12/2020 12.00 Calls @ 0.28 Credit.
I’ll have to wait for a pull back to roll up in the future.

Funny headline on zerohedge:
“We Still Expect To Be Paid” – America’s Largest Mall Operator Sues Gap For $70M In Back-Rent

“Like watching drunk hobos fight over a half-eaten sandwich at 3am…

Simon Property Group, one of the biggest – if not the biggest – mall operator in the US, us suing GAP, one of its largest tenants, claiming the retailer failed to pay more than $65.9 million in rent and other charges due during the coronavirus pandemic.
CNBC, which brought us the story, says the battle is unfolding in a Delaware state court. The lawsuit “highlights the mounting tension between retail landlords and their tenants, many of which stopped paying rent after the crisis forced them to shut stores.” It was filed on Tuesday. And a reporter at CNBC was apparently told to “expect more” lawsuits, apparently by somebody at SPG.

Bought to close 1 CINF 06/19/2020 70.00 Put / Sold 1 CINF 09/18/2020 65.00 Put @ 0.30 Credit plus a BIG 5 point drop in the strike price.
Stock is 64.32

Bought 1 VXX 08/21/2020 75.0 Put @ 0.53.

Sold VXX 06/05/2020 32.50 Calls @ 0.22
Sold VXX 06/05/2020 33.00 Calls @ 0.12
These pair off with the August long calls I bought over the last two days.

Just to be safe after VXX blew through this week’s strike:
Bought to close VXX 06/05/2020 31.50 Puts / Sold VXX 06/12/2020 30.50 Puts @ 0.10 Credit plus a 1.0 point lower strike

about to gap up

Bought 100 SQQQ / Sold 1 SQQQ 06/12/2020 10.50 Covered Call @ 8.88 Debit
Bought 100 SQQQ / Sold 1 SQQQ 06/19/2020 11.00 Covered Call @ 8.83 Debit.
Giving both room to run before hitting the strikes if this market finally pulls back.

Following Jeff from yesterday.
Bought 1 VXX 08/20/2020 80.00 Call @ 0.48.
This strike is 5 points lower than my earlier buy

Sold OXY 06/05/2020 17.00 Covered Calls @ 0.06. Two days until expiration with the stock at 15.35

Following Jeff from yesterday.
Bought 1 VXX 08/20/2020 85.00 Call @ 0.43.
I will be writing against this weekly and should be able to cover my cost in a few weeks.

Sold to close 1 SPY 06/19/2020 310.00 Call / Bought 1 SPY 08/21/2020 325.00 Call @ 0.34 Credit.
Bought the 310 call @ 1.97 and sold today @ 5.68.

I will continue and roll out the short calls in the diagonal weekly until August.

Edit: Rolled 1 SPY 06/03/2020 299.0 Call to a 06/10/2020 300.0 Call for a 0.05 Credit and pushed the strike up a point.

Sold the last lot of SPY @ 309.62 in the pre-market. Bought this @ 230.00 in March.

S&P Futures Surge 10 Points In One Tick On $3.2BN Market On Close Buy Imbalance

With the Nasdaq starting to lag a bit, I’m looking at covered call trades for SQQQ. The stock is just a few cents off it’s all time low of 9.23 set today.
Looking to write near term 10.50 or 11.00 covered calls to give it a bit of room to run.

The contango drag is powerful with this one so stay small..

Remember the old saying for markets – escalator up – elevator down

Bought to open VXX 06/17/2022 7.00 Puts / Sold to open 06/12/2020 31.00 Puts @ 0.17 Credit.
The short is 10 dte ( a bit longer than normal for me) and the long is 2 years (745 dte).
I think contango drag in VXX will help my long position eventually?

Sold VXX 06/05/2020 31.00 Puts @ 0.27 against 2021 and 2022 long puts

The FAAMGs Are Up 15% In 2020; The Remaining 495 S&P Stocks Are Down 8%

New diagonal
Bought to open VXX Jan 21 2022 6.0 Puts / Sold VXX Jun 03 2020 31.0 Puts @ 0.09 Credit.
The short is 7 dte and the long is 602 dte, and I can write a new option every week.

Expirations – everything else was rolled out a week
OXY 05/29/2020 17.00 Covered Calls
SLB 05/29/2020 19.00 Diagonal Calls
VXX 05/29/2020 30.00 Diagonal Puts
VXX 05/29/2020 30.50 Diagonal Puts

Assignments – no good roll was available for additional cash flow so I’m letting these go..
AA 05/29/2020 8.00 Covered Calls
WBA 05/29/2020 37.50 Covered Call (I got the initial time premium plus the $0.4575 Div)

Bought to close SLB 05/29/2020 19.50 Covered Calls / Sold SLB 06/05/2020 19.50 Covered Calls @ 0.14 Credit

https://www.zerohedge.com/markets/atlanta-fed-now-sees-q2-gdp-collapsing-staggering-51

Nothing to see here

Bought to close CCL 05/29/2020 16.00 Covered Call / Sold CCL 06/05/2020 16.50 Call @ 0.30 Credit plus an extra half point higher on the strike for one more week.

Bought to close VIAC 05/29/2020 21.00 Diagonal Calls / Sold VIAC 06/05/2020 22.0 Calls @ 0.07 Credit plus an extra point higher on the strike for one more week.

Bought to close SLB 05/29/2020 18.00 Calls / Sold SLB 06/05/2020 18.00 Calls @ 0.22 Credit
Bought to close SLB 05/29/2020 18.50 Calls / Sold SLB 06/05/2020 19.00 Calls @ 0.02 Credit but a 0.50 higher strike for next week.
Still cash flow positive.

Bought to close WFC 05/29/2020 27.50 Calls / Sold WFC 06/05/2020 28.00 Calls @ 0.24 Credit plus a 0.50 higher strike

Sold another lot of my SPY @ 306.12. Bought this on 3/16 @ 240.00
I honestly didn’t think it would get back here.
My last remaining lot was bought @ 230.00 and I will enter a sell order now another 2.50 higher.

ps. you’d think the VIX would be collapsing today as we hit new highs, but it is flat

Early assignment by the holder of the 05/29 13.00 covered calls I had sold (to get the 0.12 monthly dividend payment I guess).
At least one I won’t have to roll.

Bought to close AAL 05/29/2020 11.50 Covered Calls / Sold AAL 06/05/2020 12.00 Covered Calls @ 0.12 Credit Plus a 0.50 higher strike
Bought to close WBA 05/29/2020 40.50 Covered Call / Sold WBA 06/05/2020 41.00 Covered Call @ 0.12 Credit Plus a 0.50 higher strike. (This gets the strike above my entry cost on the stock)

Sold off a little more of my SPY @ $303.62 in after hours trading.
Bought this lot @ $250 on 3/12.
The average cost on my remaining SPY is @ $233.33/sh.

Sold my long VXX 01/15/2021 21.00 Put @ 3.20 this morning. My cost was 1.99 plus I wrote weekly puts several times against it.

I also added a new diagonal position with the long Put side out 13 months.
Bought to open 06/18/2021 10.00 Puts / Sold 05/29/2020 32.00 Puts @ 0.17 Credit.
I should have a fully paid for long position by week’s end if I don’t have to roll the short.

Bought to open 1 CINF 09/18/2020 70.00 Call / Sold 1 CINF 06/19/2020 60.0 Call @ 0.25 Credit.

This is an additional kicker for my 60.0 Covered Calls in case we have another major pull back before the June expiration.

Bought to close 1 CINF 06/19/2020 65.0 Put / Sold 1 CINF 09/18/2020 60.0 Put @ 0.65 Credit.
I expect to lose $500 less than I previously thought but I’ll have to wait until fall to reap the benefit

And so it begins again. New lows so far today in the SP500:
GE – 5.48
IVZ – 6.71 (8.56% Div)
WFC – 22.10 (8.49% Div)
LUV – 23.52
CINF – 49.00 (4.66% Div)
BXP – 75.00 (4.98% Div) REIT
AAL – 8.83
WBA – 38.48 (4.52% Div)
L – 28.25

Bought VXX 01/15/2021 11.00 Puts / Sold 05/08/2020 35.00 Puts @ 0.03 Credit.
Pushed my long side puts a point closer to the stock than my earlier trade.
Today’s stock low was 37.56

Never heard of this one until today. But it does have options Low open interest and huge spreads, but at least they are there.

Dividend Yield: 3.9%
Easterly Government Properties is a shining example of the kind of stock I’m talking about today.
It’s a real estate investment trust (REIT) that has one of the most reliable tenants in the world — the U.S. government.
It’s based in Washington, D.C. and leases Class A properties to government agencies. DEA operates 72 properties for 32 agencies with nearly 7 million square feet of space.
DEA has been around since 2011, so it’s relatively new in the REIT space. But this is a very unique niche with a serious competitive moat.
Currently it has a solid 3.9% dividend, which shouldn’t be affected by any of the economic issues visited upon the broader economy. The stock is up 50% in the past 12 months, so there’s some significant growth there as well.

Bought VXX 01/15/2021 10.00 Puts / Sold 05/08/2020 35.00 Puts @ 0.03 Credit.
If this works, I will own some zero cost 2021 Puts by Friday.
If it doesn’t that means the market is screaming higher (helping the rest of my portfolio) and I can roll them weekly until they do.
Last week’s low on VXX was 35.55.

Bought to close 1 Bought ADS 05/08/2020 40.00 Covered Call / Sold 1 ADS 05/29/2020 42.00 Covered Call @ 0.30 Credit plus 2.00 point higher strike

Sold 1 CCL 05/08/2020 16.00 Covered Call @ 0.20

Sold SLB 05/08/2020 17.50 Covered Calls @ 0.12

Expired:
AAL 05/01/2020 15.00 Covered Calls
AGNC 05/01/2020 13.50 Covered Calls
CCL 05/01/2020 15.50 Covered Call
GLW 05/01/2020 23.00 Covered Call
SLB 05/01/2020 17.50 Covered Calls
SLB 05/01/2020 18.00 Covered Calls
SLV 05/01/2020 14.50 Covered Call
WFC 05/01/2020 32.00 Covered Call

AAL 05/01/2020 9.00 Put
VXX 05/01/2020 35.00 Covered Put
VXX 05/01/2020 34.50 Covered Put

No assignments

Bought to close OXY 05/01/2020 17.50 Covered Calls / Sold OXY 05/08/2020 18.00 Covered Calls @ 0.41 Credit plus 0.50 Higher strike.
The stock closed at 15.24 today.

Everybody realizes the US economy is in a bad spot. But most people still seem to believe it will bounce right back once we deal with the coronavirus… They’re all high on Federal Reserve fairy dust.

Bought to close HPE 05/01/2020 9.50 Covered Call / Sold HPE 05/08/2020 9.50 Covered Call @ 0.22 Credit

Bought to close AA 05/01/2020 8.0 Covered Calls / Sold AA 05/08/2020 8.0 Covered Calls @ 0.20 Credit

Analyst sets a $1 price target on American Airlines.

Western Digital suspended their dividend.

Bought to close VIAC 05/01/2020 18.00 Covered Calls @ 0.01.
Sold VIAC 05/08/2020 19.00 Covered Calls @ 0.29 for next week with the strike a point higher.

Bought 100 WFC / Sold 1 WFC 05/08/2020 28.50 Covered Call @ 27.47 Net debit.
Looking for my weekly $100

( the next ex-dividend date is on 05/07/2020 for 0.51 too )

Stocks Scream To “Most Expensive Ever” In Greatest Month Since ’87

Bought to close VXX 05/01/2020 35.50 Puts @ 0.09.
Sold them on 04/27 @ 0.12 and 0.31
Replaced them with short VXX 05/08/2020 34.00 Puts @ 0.45.

My long VXX Puts are out in Jan 2021 and are 25% fully paid for after about 10 days.