ATVI

$ATVI Bounced nicely near the 50 day moving average, at the bottom of its trading range. Sold 9/18 75 puts @ 1.42 (23 delta) with the stock at 81.53.

LABU

Sold 9/4 40 puts @ 1.75
#ShortPuts

Closing SHOP

Bought to close $SHOP 8/21 1120/1140 bear call spread @ 1.00. Sold for 5.00 on 7/29.

Hello BOIL our old friend…

Probably not the best trade in the world but the big move up in nat gas is screaming “fade me”. At least I thought I heard that.

So keeping with the promise I made to myself of not selling naked calls on these leveraged commodity ETFs, I decided to sell a call spread, the 12/18 60/70 bear call spread for 1.30. Kind of kills the appeal of these since you could sell the highest strike in December, 90 calls, for 3.75 or so. But those days are over. The other drawback is liquidity so if this thing rockets up again there might be some slippage in getting out. We’ll see what happens.

LULU call spread

$LULU Up today now seems to be slowing down. Fading the move by selling 8/21 365/375 bear call spread @ 1.34 credit. Not getting 1/3 the width of the strikes because I’m considering this to be more of a synthetic short call, with a long call to reduce buying power. Short call at 32 delta.

Another DOCU rollup

$DOCU Rolled the bull put spread side of my iron condor up again, from 8/21 205/195 to 220/210 @ 1.87 credit. Put spread side has been rolled up 3 times and now total premium is 8.20 against 10 point wide wings so I will let this position sit with a now max loss of 1.80. Will look to close out for a profit if the opportunity arises before options expiration.

DOCU roll up

With the stock breaching the call spread side of my iron condor (at 224.45), rolled $DOCU 185/175 bull put spread up to 205/195 for 1.35 credit. Part of an iron condor with 220/230 bear call spread. Originally sold for 3.69 on 7/15. This is the second roll up of the put spread side. With this credit, total premium taken in now 6.30.

AMZN Post-Earnings Condor

Sold $AMZN 8/21 2900/2950//3500/3550 iron condor @ 13.89, short strikes around 17 delta. IV still elevated (IVR 52).

SHOP fading the gap up

Stock has been fading from its morning post-earnings gap up, all day. Sold $SHOP 8/21 1120/1140 bear call spread @ 5.00. Short calls above today’s high. With IV low and the the short calls closer than I usually sell (34 delta), this trade has a higher than usual directional component (i.e., looking for further down movement rather than waiting for volatility to contract). Heads up, this is another underlying with less than ideal liquidity.

DOCU adjustment

Rolled $DOCU 160/150 bull put spread up to 185/175 for 1.26 credit. Part of an iron condor with 220/230 bear call spread. Originally sold the iron condor for 3.69 on 7/15. With this credit, total premium taken in now 4.95.

SPOT put spread

Sold $SPOT 8/21 240/230 bull put spread @ 2.25. Still high IV post-earnings (IVR 48). Short puts 25 delta. Caution: liquidity not great for most options on this underlying.

SLV strangle

Sold $SLV 8/21 20.50/27 strangle @ 1.00. Delta neutral with both sides at 22 delta. IV rank 55.

Taking profits on ULTA

Bought to close $ULTA 8/21 155 puts @ 1.10. Sold for 2.90 on 7/9. Thanks @fuzzballl!

TSLA post-earnings condor

Sold $TSLA 8/21 1330/1350//1800/1820 iron condor @ 9.40. Leaning short with short puts and calls at 20 and 36 delta. IV rank 34.

NFLX Iron Condor

Sold $NFLX 8/21 430/440//580/590 iron condor @ 3.30 with the stock at 495.74.

DOCU Iron Condor

Sold $DOCU 8/21 150/160//220/230 iron condor @ 3.69 with the stock at 192.60. Leaning short delta (short calls at 30, short puts at 16). IVR rank 45. Earnings not expected until Sep.

Closing IWM

Bought to close $IWM 150/155 bear call spread @ .25. Sold for 1.29 on 6/19.

AMZN call spread

Sold $AMZN 7/17 3110/3130 bear call spread @ 5.20 with the stock around 3021.

TSLA call spread

Sold $TSLA 7/17 1450/1470 bear call spread @ 5.00 with the stock around 1368.

NKLA Iron Fly

Over on OMM they’re getting filled on this trade. Took it in a a couple of accounts. Seems impossible:
Filled on $NKLA 8/21 45/55/65 iron butterfly for 10.40 credit. You read that right. Credit exceeding the wing width. Can’t figure out how that happened, I’ve never seen it before.

Rolling COST

With $COST breaking above the 50 day moving average I’m extending my stock acquisition position (short 7/17 295 puts) by rolling it to 8/21 295 puts for 3.80 credit. Total premium now 7.95 so breakeven if assigned has dropped to around 287. Option delta 33. Earnings not expected until after Aug opex.

Closing CODX

Closed diagonal call spread (sold to close 8/21 10 calls + bought to close 7/17 20 calls) @ 7.63. Would think about rolling the short leg out to August but with earnings before opex I decided to just close the position for a nice profit. With a previous roll overall profit 2.68. Adjusted basis after rollout was 4.95.

FB July Iron Condor

Sold $FB 7/17 200/210//240/250 iron condor @ 2.78. Short term. Slightly bullish (short puts 25∆ short calls 19∆).
Looking for volatility contraction over the next week. IV rank 48.

Expirations

These expired pretty close to the money. As of a few days ago seemed relatively safe but watched them through today’s close:
$UVXY 6/26 39/49 bear call spread
$UVXY 6/26 40/50 bear call spread
$UVXY 6/26 41/46 bear call spread

CAT Nov

Sold $CAT 11/20 80 puts @ 1.85 with the stock at 122.16. Strike price would be at a 4 year low.
#FallingKnife

UVXY August

Sold $UVXY 8/21 55/65 bear call spread @ 1.33

Closing QCOM

Bought to close $QCOM 7/17 80 puts @ .75. Sold for 2.15 on 6/15.

PINS short puts

Sold $PINS 8/21 20 puts @ 1.10. Delta 23, IV rank 43.

Moving AMZN to July

Taking the full loss on $AMZN 6/19 2580/2600/2620 iron fly (20.00 less 14.92 in premium taken in including rolls = 5.08 loss). Reinitiating in July with 7/19 2530/2550//2860/2880 IC @ 8.04. Short strikes both at 24 delta.

Bearish in small caps

Taking a bearish position in small caps. Sold $IWM 7/17 150/155 bear call spread @ 1.29 with IWM at 140.39. IVR rank 61.

WEX Short Puts

First time in this underlying. Sold $WEX 7/17 145 put @ 4.50 with the stock around 173. Bid/ask spreads a little wide in this one.

Closing LULU

Bought to close $LULU 7/17 250/340 strangle @ 3.90. Sold for 8.20 on 6/12. Taking the >50% available profit off the table as IV on this stock has come in quite a bit (rank was 60 on Friday, today it’s 23).

XOM short puts

Sold $XOM 7/17 45 puts @ 1.58. IVR rank 49.

QCOM short puts

Sold $QCOM 7/17 80 puts @ 2.15. 28 delta, IV rank 41.

LULU strangle

Sold $LULU 7/17 250/340 strangle (1 standard deviation–put and call deltas at 17 and 16) for 8.20 credit. Considered an iron condor but I decided to go with a smaller position for a trade that is much more easily adjustable if the stock has a big move in either direction. IV still high after earnings (IV rank 60).

WHR long term

Sold $WHR 12/18 60 puts @ 1.75 with the stock at 127.12.
#FallingKnife

UAL roll

From $UAL 6/19 40/60 short strangle, rolled the 60 calls down to 42 calls (21 delta) for .70 credit. Total premium now 3.23 so breakeven on the downside is 36.77. Stock currently trading around 35.

Rolling AMZN

With the stock completely shooting through the call spread side, I rolled up put spread side of my iron condor. Rolled $AMZN 6/19 2300/2280 up to 2600/2580 bull put spread for 6.82 credit to create an iron butterfly with the 2600/2620 bear call spread. After 2 rolls of the put spread total premium for the position is now 14.92 against 20 point wide wings. If the stock stays above 1620 (or goes below 2580) I will take the max loss of what is now 5.08. If it comes back near 1600 I’ll try to get out for even or possibly a profit.

Closing LULU

Bought to close $LULU 6/19 320/330 bear call spread @ 3.69. Sold for 3.05 on 6/1. Taking advantage of the down move to get out for a small loss (relative to where it was a couple of days ago). If earnings weren’t this week I’d probably hold it closer to expiration but I’ll look to possibly put on a separate earnings trade Thursday, or something after earnings if there’s a big move.

UAL strangle

Sold $UAL 6/19 40/60 strangle @ 2.53

COST short put

Sold $COST 7/17 295 put @ 4.15. Cost basis 290.85 if assigned.

Closing BA

Bought to close $BA 7/17 130/120 bull put spread @ .40. Sold for 2.06 on 5/28.

REGN rolling to strangle

-Bought to close profitable $REGN 6/19 470/520/650/700 iron condor @ 3.90 (sold for 8.05 on 5/20)
-Sold to open $REGN 7/17 520/680 strangle @ 11.80 with the stock at 598.76. Short puts/calls at 15 and 18 delta.

ZM iron condor

Sold $ZM 7/17 165/175/270/280 iron condor @ 3.35 with the stock at 218.82. Collecting about 1/3 the width of the strikes. Post-earnings. IV still relatively high with IV rank at 57. Short strikes at 18 (puts), 24 (calls).

Fading DKNG

Sold $DKNG 7/17 40/45 bear call spread @ 1.56. #tastytradefollow

Adjust CODX

Original trade was a diagonal call spread, long 8/21 10 calls and short 6/19 20 calls. With the stock at 17.95 and 19 days to expiration, I rolled the 6/19 20 calls out to 7/17 20 calls @ 1.05 credit. Debit on original trade was 6.00, so cost basis now reduced to 4.95.

Rolling TSLA

Rolled $TSLA 6/19 650/630 bull put spread up to 780/760 for 2.80 credit (short puts 17∆). Paired as an iron condor with 950/970 bear call spread. Stock at 884.00. Total premium for position now 7.50.

LULU call spread

Sold to open $LULU 6/19 320/330 bear call spread @ 3.05.

Boeing put spread

Sold $BA 7/17 130/120 bull put spread @ 2.06, with the stock between 152 and 153. Short puts at 21 delta.

Rolling MMM again

Rolled short $MMM 9/18 115 puts up to 130 puts @ 1.50 credit with the stock at 159.17, new delta 16. This is the second rollup (from 100 to 115 to 130). Total premium collected now 5.12.

Extending WHR

Rolled profitable short puts out to July:
6/19 100 puts to 7/17 100 puts @ 1.08 credit
6/19 101 puts to 7/17 105 puts @ 1.73 credit
Stock at 125.55

EWY strangle

Sold to open $EWY 7/17 45/56 strangle @ 1.27 with the ETF at 51.23. Just about delta neutral (puts 18 and calls 19).

TSLA iron condor

Sold $TSLA 6/19 630/650/950/970 iron condor @ 4.70 with the stock around 819. Leaning short with the short calls at 24 delta, short puts at 11 delta. Will look to roll the put spread side up it starts to run again.

BBY short puts

Post-earnings, sold to open $BBY 7/17 65 puts @ 1.82. Delta 18. IV rank 42.

GILD put spread

Sold to open $GILD 6/19 70/65 bull put spread @ 1.31 with the stock at 73.63.

Rolling AMZN put spread up

From my iron condor, rolled $AMZN 6/19 2150/2130 bull put spread up to 2300/2280 for 2.10 credit. New short puts at 16 delta. Paired with 6/19 2600/2620 bear call spread. Total premium taken in now 8.10 against 20 point wide wings.

REGN synthetic strangle

Putting on a short synthetic strangle in $REGN (short options with 50 point wide wings to reduce buying power requirement). Sold $REGN 6/19 470/520/650/700 iron condor @ 8.05 with the stock around 479. Short puts and calls at 18 and 15 delta. IV rank 43.
CORRECTION: Stock is at 579 not 479.

Closing TQQQ

Bought to close:
$TQQQ 6/12 55 put @ .78 (sold for 2.20 on 5/13)
$TQQQ 6/19 55 put @ 1.12 (sold for 2.85 on 5/13)
Thanks @jsd501 for the trade idea

GLD iron condor

Sold $GLD 6/19 153/158/170/175 iron condor @ 1.49, leaning a bit short with short puts at 22 delta, short calls at 29 delta. IV rank 44.

EWW June short puts

Sold $EWW 6/19 28 puts @ .81. Delta 30. IV rank 47.

QQQ Iron Condor

Sold $QQQ 6/19 205/210/240/245 iron condor @ 1.60 with QQQ at 227.43. Almost 1/3 of the width of the strikes. Just about delta neutral with put and call short strikes at 21 and 20. IV rank 31.

Closing CINF

I didn’t expect to have an opportunity to close this so soon but I’ll take it. Bought to close $CINF 6/19 40 puts @ .51. Sold for 1.45 on 5/13. Captured 65% of the potential profit in 5 days.

WHR short puts

Sold to open:
$WHR 6/19 101 puts @ 1.99 (17 delta)
$WHR 6/19 100 puts @ 1.89 (16 delta)
IV rank 42

Bullish UAL

Stock is trading like the bottom may be in. Sold to open $UAL 6/19 20 puts @ 1.59. Delta 26. IV rank 64.

Rolling MMM

Just put this initial trade on Friday and with the big move up I’m rolling $MMM 9/18 100 puts up to 115 puts for 1.42 credit. New strike at 14 delta. Total premium now 3.62.

Nibbling at MMM

Ready to take a long term shot here. Sold $MMM 9/18 100 puts @ 2.20 with the stock at 136.46. Delta 11. Strike is well below the March low. Stock hasn’t been at 100 since early 2013.
#FallingKnife

BYND iron condor

Idea from TastyTrade.
Sold $BYND 6/19 100/110/175/185 iron condor @ 2.91

CINF puts

Sold $CINF 6/19 40 puts @ 1.45. Delta 19. Stock at 48.53.
Thanks again for the heads up on this @optioniceman.

AMZN iron condor

Sold $AMZN 6/19 2130/2150/2600/2620 iron condor @ 6.00. Short deltas 20 (puts) and 17 (calls).

AAPL short calls

Sold $AAPL 6/19 335 calls @ 2.12. Wrote against long stock so the calls are covered.

CODX–closing and reinitiating

Bought to close $CODX diagonal call spread (long 8/21 9 calls + short 5/15 15 calls) @ 5.83 for a quick .50 profit with the stock running. Thanks for the great idea @smasty.

But I just can’t quit you, CODX. Reinitiated another diagonal call: bought 8/21 10 calls + sold 6/19 20 calls @ 6.00 debit. Earnings tomorrow (5/14) after the bell.

Taking profits on XLE

Bought to close $XLE 6/19 jade lizard (28 puts + 36.21/37.21 bear call spread) for .87. Sold for 2.10 on 4/20.

Corrected: Originally posted .66 as the closing price but that was just the call spread. Total to close .87 so 59% of possible profit.

Closing PTON

Stock showing strength again so I’m giving a quick hook to this trade, keeping the loss to a minimum (.38). Bought to close $PTON 6/19 45/50 bear call spread @ 1.80. Sold earlier today for 1.42.

PTON post-earnings

Sold $PTON 6/19 45/50 bear call spread @ 1.42. Post-earnings, looking like it may have hit its high on the gap up. Short leash–if the stock moves back toward the morning high I’ll cut bait.

Closing AMZN

Bought to close $AMZN 5/15 2130/2150/2480/2500 iron condor @ 1.96. Sold for 6.00 on 5/1.