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.

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.

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!

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.

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

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.

Wow

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

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.

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

STO $TQQQ May 28 80 puts @ 1.20

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.

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

Sold $TQQQ Jun 18 65 put @ 1.80

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

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

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

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

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

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.

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

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.

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

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.

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

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

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.

Sold to open $LABU May 21 45 puts @ 2.60

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.

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

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

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

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

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

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

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

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

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

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.

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.

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

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

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.

Sold $TQQQ 4/16 60 put @ 3.00

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

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

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

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

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

STO 4/16 65 put @ 3.00

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

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

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

Sold 3/19 110.96 puts @ 2.40

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

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.

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 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%.

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

$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.

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

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

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

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

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.