Closing SPY

I didn’t like the close today for my bearish SPY trade so I took it off for a loss in the extended hours session. Sold $SPY Jun 25 420 puts @ 2.05. Bought for 2.87 on Friday.

SPY long puts

Gap up into resistance and fading. With market at its highs looking for a bit of a pullback. Bought $SPY 6/25 420 puts @ 2.87. Will take off if the market does its recent Friday up thing in the afternoon but if not I will probably leave over the weekend to hedge for a Monday move down.

Closing BIIB

Just sold the last of the 6/11+6/18 400 put calendar @ 6.00 for 200% profit on this lot. Scaled out in 4 tranches with an average overall profit of 140%. I’ll take this any time. Thanks again for the awesome trade idea @Hawk!

Continuing to scale out of BIIB put calendar

Sold 6/11+6/18 400 put calendar @ 5.00 for 150% profit on this lot. I have now taken 60% of my position off and will hopefully be completely out by later today or tomorrow. It’s been a terrific trade, thank you @Hawk.

Most shorted stocks

Zero Hedge is talking up how profitable it would have been to buy their most shorted stocks back in January at the beginning of the meme hype. Here is their latest list. https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again

BIIB partial profits

Sold to close 6/11+6/18 400 put calendar @ 3.00 for 50% profit on a small portion of my position. Still holding on to most of it, planning to scale out at higher profit targets.

$BIIB

Wow

Rolling Jan TSLA

Rolled $TSLA Jan 21 2022 200 put up to 300 put @ 6.50 credit. Total premium now 11.65.

#fallingknife

Rolling TSLA

Rolled profitable Jun 18 short 415 put up and out to Jul 2 500 put (12 delta) @ 5.83 credit

GME iron condor

Looking for some consolidation for a few days here after this runup. Sold to open $GME Jun 4 180/190/300/310 iron condor @ 2.40 with the stock around 240. A bonus day of time decay with the short week next week.

Closing IWM

Bought to close $IWM Jun 18 203/210/242/249 iron condor @ 2.05 for 50% of the profit (sold for 2.10)

TQQQ

STO $TQQQ May 28 80 puts @ 1.20

Closing SNAP

Taking advantage of the move up to get out of the $SNAP May 21 45/53/65/72 iron condor @ 1.47. Sold for 1.86.

TSLA Jan

Sold to open Jan 21 2022 200 put @ 5.15.

#FallingKnife

TSLA June

Sold to open $TSLA Jun 18 415 put @ 5.30. Premium is a bit better right now.

TQQQ June

Sold $TQQQ Jun 18 65 put @ 1.80

TSLA July

Sold to open $TSLA 7/16 400 put @ 5.64

IWM IC

Sold to open $IWM Jun 18 203/210/242/249 iron condor @ 2.10. Small bearish bias. Taking in 30% of the strike width.

PINS Put Spread

Looks like the post-earnings selling might be slowing down. Sold to open $PINS Jun 18 60/55 bull put spread @ 1.05.

FB Iron Condor

Post-earnings after the morning pop, sold to open $FB May 21 300/310/340/350 iron condor @ 3.30

Closing AXP

Bought to close $AXP May 21 135 puts @ .44. Sold for 1.35 on Friday.

SNAP Iron Condor

It looks like the selloff after this morning’s gap may be over. Sold $SNAP May 21 45/53/65/72 iron condor @ 1.86. The wings are uneven (8 wide on the put side/7 wide on the call side) only because of strike availability in the May monthly expiration.

AXP May

Sold to open $AXP 5/21 135 puts @ 1.35. Post-earnings with IV still elevated.

JMIA Iron Condor

Sold $JMIA 5/21 20/25/40/45 iron condor @ 1.58 with the stock at 30.15. Short puts are much closer than short calls but because of call skew this is more delta neutral/slightly bullish.

Looking for pin candidates for today?

Found this list on Zero Hedge: https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move

AMZN roll up

With the call side (3250/3260 bear call spread) of my iron condor getting breached, rolled $AMZN Apr 16 3100/3090 bull put spread up to 3250/3240 @ 3.91 credit. Position is now a 3240/3250/3260 iron fly with total premium taken in 8.76/max loss 1.24.

LABU

Jumping on the train with y’all. Sold $LABU May 21 60 puts @ 3.60.

Closing May LABU

Bought to close 5/21 45 puts @ .80. Sold for 2.60 on 3/29.

AMZN adjustment

With the call side (3250/3260 bear call spread) of my iron condor getting tested, rolled $AMZN Apr 16 2910/2900 bull put spread up to 3100/3090 @ 1.35. Total premium now 4.85/max loss 5.15.

LABU May

Sold to open $LABU May 21 45 puts @ 2.60

AMZN IC

Sold $AMZN 4/16 2900/2910/3250/3260 iron condor @ 3.50. Leaning a bit long with short puts at 26 delta, short calls at 17 delta.

TQQQ

Sold to open $TQQQ 4/23 70 puts @ 2.20

Closing ORCL

Bought to close $ORCL 4/16 65 puts @ .64. Sold for 1.92 on 3/11.

Closing EWZ

Bought to close $EWZ Apr 16 30/35/36 jade lizard @ .80. Sold for 1.27 on 3/1.

Closing TSLA

Bought to close $TSLA 3/19 600/590 bull put spread @ .34. Sold for 2.00 on 2/23.

Closing CGC

Bougth to close $CGC 3/19 32.50/27.50 bull put spread @ .36. Sold for 1.11 on 2/18.

BIDU Iron Condor

Sold to open 4/16 210/220/310/320 iron condor @ 3.11.

Closing ARKK

Bought to close 3/19 110.96 puts @ .75. Sold for 2.40.

ORCL post-earnings

Sold 4/16 65 puts @ 1.92 with the stock at 66.34

GME iron fly

Sold $GME 3/12 235/240/245 iron fly @ 4.90. Almost risk free (.10 max loss) with a very slim profit probability.

TQQQ

Following @jsd501 and @fuzzballl out of of some of these to take some risk off.
BTC March 19 50 puts @ .10.

Rolling KRE

Instead of taking profits I decided to roll up and stay long regional banks for a while longer. Rolled short $KRE 4/16 60 puts up to 65 puts (32 delta) @ 1.12 credit.

TSLA June

A #FallingKnife type of trade, as weird as it is to say that about TSLA. Would take the stock down there.
Sold $TSLA 6/18 250 put @ 5.05.

TSLA craziness

High volume selling bringing in high IV and now the stock may be ready for a breather. Sold $TSLA 3/19 500/490 bull put spread @ 1.72.

GME: Another nutty trade

Low probability almost no risk. Sold $GME 3/5 145/150/155 iron fly @ 4.90.

Getting long regional banks

Sold $KRE 4/16 60 puts @ 1.65 with KRE trading around 64.95.

GME rolling

Rolled position out:
Bought to close $GME 3/5 165/175 bear call spread @ .30 (sold for 1.50).
Sold to open $GME 3/19 165/175 bear call spread @ 1.83.

TQQQ

Sold $TQQQ 4/16 60 put @ 3.00

More GME

Sold $GME 3/12 165/175 bear call spread @ 1.50

AAPL put spread

Sold $AAPL 4/16 120/115 bull put spread @ 1.25

EWZ jade lizard

Sold $EWZ 4/16 30/35/36 jade lizard @ 1.27. Breakeven 28.73 with no upside risk.
#tastytradefollow

GME 3/5

Sold $GME 3/5 165/175 bear call spread @ 1.50

GME Groundhog Day

Taking another bite here. Sold 2/26 180/190 bear call spread @ 2.10. Short leash again.

GME getting out

Bought to close $GME 150/160 bear call spread for 3.83, a loss of 1.73.

TQQQ Apr

STO 4/16 65 put @ 3.00

RIOT iron condor

Sold to open $RIOT 3/19 25/35/80/90 iron condor @ 3.80

NFLX 3/19

Sold $NFLX 3/19 515/505 bull put spread @ 2.75

TSLA March

Sold $TSLA 3/19 600/590 bull put spread @ 2.00

TQQQ Jan

Sold $TQQQ 1/21/22 50 put @ 9.00. Thanks @jsd501 (from yesterday).

ARKK Mar

Sold 3/19 110.96 puts @ 2.40

AMZN put spread

Sold $AMZN 3/19 3080/3070 bull put spread @ 2.85 with the stock around 3197

TQQQ 4/1 Sold $TQQQ 4/1…

TQQQ 4/1
Sold $TQQQ 4/1 75 put @ 3.00

Expirations for 2/19

$BIIB 255/245 bull put spread
$GME 90/100 bear call spread
$GME 135/155 bear call spread
$GME 135/125 bull put spread–full loss but offset by other premium sales around it
$LABU 98 put
$MOMO 2/19 15/15/16 jade lizard
$UVXY 10.50/15.50 bear call spread
$UVXY 11/16 bear call spread
$UVXY 12/17 bear call spread
$UVXY 13/18 bear call spread
$UVXY 15/20 bear call spread
$ADBE 470/460 bull put spread
$EWZ 31/41 short strangle

Assignment:
$FTI 11 puts–there was a spinoff here and the new symbol FTI1 I think is 83% of the original, couldn’t follow it but either way I’m in the money and liquidity on the new symbol was pretty much non-existent so I will take assignment here at whatever the number is, somewhere around 9ish or so and I’ll immediately sell the shares Monday morning, take the loss and move on. The stock will no longer be listed on the Nasdaq it looks like so I have no interest in trying to work basis down on it.

Have a great weekend everyone.

#OptionsExpiration

CGC Mar

Sold $CGC 3/10 32.50/27.50 bull put spread @ 1.11. Would take assignment at close to 31 if it the stock continues to tank.

Expirations

For 2/12:
$GME 85/90 bear call spread
$GME 15 puts (I now have free long Mar 6 puts that were financed by this short put; thanks @optioniceman)
$TQQQ 52.50 puts–thanks @jsd501

Have a great long weekend everyone.
#OptionsExpiration

Closed GME iron fly

Bought to close 2/12 45/50/55 iron fly @ 1.85, taking a 2.00 profit out. Should have closed earlier today and got lucky.

$CGC March put spread

$CGC has been sold off hard with the sector, down over 20% today. IV high (rank 42). I would normally sell short puts below support here as selling momentum has slowed with the stock around 41. The 50 day moving average is around 32-33 so looking at strikes below that. Mar 30 puts have a delta of 14. I could have sold them for 1.30-1.35 but that would eat up a lot of buying power so I’m doing a really wide bull put spread to function as a synthetic short put, selling 3/19 30/20 bull put spread for 1.17, giving up just a bit to cut the buying power by 70%.

GME 2/12 pin

$GME Volume and Open Interest very high at the 50 strikes for this week. Looking to play a pin at 50 with a 2/12 45/50/55 iron fly. Sold for 3.85.

#TastyTradeFollow

GME 2/26

Sold $GME 2/26 85/95 bear call spread @ 1.35

Expirations

$GME 2/5 300/310 bear call spread
$GME 2/5 170/180 bear call spread
$GME 2/5 190/195/200 iron fly (this was a nearly free trade, sold for 4.98 last Friday), expires for 5.00, loss of .02
$TQQQ 2/5 62.50 puts
$UVXY 2/5 12/17 bear call spread

Have a great weekend everyone.

GME 2/19

Sold $GME 2/19 90/100 bear call spread @ 1.30

GME 2/12

Sold $GME 2/12 85/90 bear call spread @ 1.24

GME riding the crash

Sold $GME 2/5 170/180 bear call spread @ 1.20

GME 2/5

Sold $GME 2/5 300/310 bear call spread @ 2.25 with the stock around 235.

Weird trade on GME

I was trying to game this a little (yeah yeah I know). With the spreads getting better that they were yesterday I decided to sell an iron butterfly for next week but legged into them to see if I could get more than the spread width, or match. It. Got filled on the $GME 2/5 195/190 bull put spread @ 2.62 and the 195/200 bear call spread @ 2.36, so total premium 4.98. Basically a free trade with a very narrow window/probability of profit. But I may be able to get out early in the week if the stock comes back down to 200. We’ll see.