Sold $NFLX 11/20 455/445 bull put spread @ 2.42.
Sold $ZM 11/20 450/460/680/690 iron condor @ 3.14. IVR 43. Earnings not expected until after Nov expiration.
Sold $ADBE 11/20 440/450/550/560 iron condor @ 3.44. Short strikes both at 21 delta. Stock now around 497, trading near the middle of the recent range. IV rank 30. Earnings not expected until after opex.
Bought to close $ADBE 10/16 450/460/510/520 iron condor @ 2.52.
Position was originally 420/430/510/520 and put spread was rolled up to 450/460. Total premium taken in 4.29, so 1.77 profit (57% of the premium for the original trade).
Bought to close $NVDA 10/16 470/480/590/600 iron condor @ .95. Sold for 2.65 on 9/29.
Bought to close $AMZN 10/16 2650/2700/3500/3550 iron condor @ 2.40. Sold for 14.39 on 9/11.
Sold $TQQQ 11/16 85 puts @ 4.50
Adjusting $NVDA 10/16 430/440/550/560 iron condor with the stock around 543. Rolled 440/430 bull put spread up to 505/495 @ 1.83 credit. Short puts 22 delta. Total credit in trade now 5.21.
Bought to close $NFLX 10/16 465/455 bull put spread @ 1.58. Sold for 3.45 on 9/21.
Sold $NVDA 10/16 470/480/590/600 iron condor @ 2.65 with the stock around 530. Short strikes around 16 delta. IV rank 35.
$ADBE Adjusted my 10/16 420/430/510/520 iron condor. Rolled the 430/420 bull put spread up to 460/450 for 1.18 credit. Stock at 490.77 and looking pretty strong. Total premium now 4.29.
Sold to open $NVDA 10/16 430/440/550/560 iron condor @ 3.38
Sold $ADBE 10/16 420/430/510/520 iron condor @ 3.11. Short strikes around 20 delta. IV rank 39. My only issue with this trade is the liquidity is good but not great.
Bought to close $NVDA 9/25 465 put @ .28. Sold for 3.20 on 9/16. Thanks @fuzzballl !
Bought to close $DOCU 10/16 180/170 bull put spread @ .90. Sold for 2.28 on 9/11.
Sold to open $NFLX 10/16 465/455 bull put spread @ 3.45. Short strike 36 delta. IV rank 32.
Sold to open $PYPL 10/16 170 puts @ 3.80. Stock is up nicely on a really weak day in the market. Delta 27, IV rank 41.
There was a good article this weekend in Barron’s on how Covid killed cash (it was on its way out before all this but the pandemic is just speeding things up). Some interesting takes on how to play it with $PYPL getting the most positive mentions. They also like $SQ $V and $MA among others. $PYPL and $SQ are both up today, not being dragged down by the ties to pandemic-reduced transaction volume that $V $MA have.
An alternative trade: 10/16 170/160 bull put spread for around 2.00.
Bought to close $AMAT 10/16 50 puts @ .72. Sold for 1.60 on 9/8.
Bought to close 10/16 30 puts @ .40. Sold for 2.00 on 9/4. I’m completely out of this underlying now but they’ve all been profitable since I started dabbling (thanks @fuzzballl !) Will wait for a pullback to put any new positions on.
$BABA Bought to close 9/18 270/280/290 iron butterfly @ 7.04. This was an adjusted position that began as a 225/235/280/290 iron condor that I had to start playing defense on, a few days after I entered on 8/20. The bull put spread was rolled up 3 times until the position became an iron fly with 7.16 in premium taken in. Closing today for 7.04 allows me to take the whole thing off for near breakeven.
Sold $AMZN 10/16 2650/2700/3500/3550 iron condor @ 14.39. Almost 30% the width of the strikes (short puts/calls at 15 and 18 delta). IV rank 52.
I might be a bit early on this one but the stock is down over 30% since before the earnings announcement last week and while the stock is down a little today, selling momentum seems to have slowed with price now hanging around with the 50 day moving average. Sold $DOCU 10/16 180/170 bull put spread @ 2.28. Short puts 27 delta. IV rank is 39.
Bought to close $CRWD 9/18 110/115//145/150 iron condor @ .65. Sold for 1.40 on 9/3.
Bought to close 9/18 $AMZN 2980/3000//3600/3620 iron condor @ 2.60. Sold for 6.79 on 8/18.
Let’s try this again. Sold $SPX 9/11 3300/3325/3500/3525 iron condor @ 3.95. Short deltas 14 (puts) 10 (calls).
With the stock looking weak and a decisive break below the 200 day moving average, this wouldn’t be the ideal day (at least technically) to sell puts and take a bullish position. But I am looking to potentially acquire this stock below 50 and this put sale will allow me to do that if it continues down more than another 10% at expiration. As of now it’s down almost 9% today, almost 15% over the last 4 trading days and around 20% from its intraday high on 8/14.
Sold $AMAT 10/16 50 puts @ 1.60. Delta 25. IV rank 34.
Sold to open $LABU 10/16 30 puts @ 2.00. Lowest strike in 10/16. 16 delta.
$ROKU looks to be bouncing off the 50 day moving average. Sold 10/16 140/130 bull put spread @ 2.80. Short strike 27 delta. IV rank 37. Stock trading around 159-160.
Sold $AMD 10/16 65/110 strangle @ 3.42.
Sold $CRWD 9/18 110/115/145/150 iron condor @ 1.40.
Sold $AAPL 10/16 115/100 bull put spread @ 1.15. Short puts 24 delta. IV rank 55.
Looks like I picked the wrong week to quit sniffing glue
Rolled 9/4 3475/3500/3600/3625 iron condor out to 9/9 3455/3480/3570/3595 for .30 credit
For all you signal traders, I hope you’ve been paying attention. Apparently I’m getting good at this. As soon as I put on a new SPX condor, the index immediately ran up about 25 points.
Let me know when you’re ready for a pullback and I’ll sell a put spread or something. Happy to help.
Sold $WYNN 10/16 80/70 bull put spread @ 2.88. Short puts 31 delta.
Was out of trading this for a long time but apparently I just can’t stay away now.
Channeling the short memory of a defensive back that got burned, and initiating a new 3 day trade:
Sold $SPX 9/4 3475/3500/3600/3625 iron condor @ 4.35. Short puts 15 delta, short calls 16 delta. SPX around 3558.
With SPX going up again, bought to close 9/9 3450/3475//3540/3565 @ 16.76. Feel free to consider this your signal to sell the market.
Will reinitiate with something probably later today.
I was watching this all day and it hung around just under the short calls most of the day. On the punch up above the 3520 level, I decided to roll it again keeping short delta with about 15 points of room on the upside. 3 day weekend coming as well so there’s an extra day of decay in there.
Rolled $SPX 9/4 3410/3435//3520/3545 iron condor out to 9/9 3450/3475//3540/3565 for .27 credit.
I know I said I was only going to roll this once but I guess I can’t stay away from the roll game. Let’s see what happens with this. Extending the trade to 9/4.
Rolled 9/2 3375/3400/3505/3520 iron condor out to 9/4 3410/3435/3520/3545 for .15 credit. Short puts 20 delta short calls 42 delta.
Well that was fun. My timing couldn’t have been better for all you folks looking to fade my moves. If you missed it, pay better attention next time 😉
I will do one roll of this then I’m probably done. I spent way too much time in rollout hell the last couple of years with these positions and I’m not keen on getting back into that game. But for now:
Rolled 8/28 3355/3380//3485/3510 iron condor out to 9/2 3375/3400//3505/3530 for .20 credit. Short puts 19 delta, short calls 36 delta. In exchange for the upside room I have donated 3 more days to the trade. Let’s see if we can’t get a little 20-30 point pull back in the SPX.
3 day trade
Sold $SPX 8/28 3355/3380//3485/3510 iron condor @ 3.60 credit. Short strike deltas at 13 (puts) and 15 (calls).
Rolled $BABA 9/18 270/260 bull put spread up to 280/270 for 1.21 credit. Position is now an iron butterfly (270/280/290) with the stock around 288. Total premium taken in 7.16. Nothing more to do with this. I will either take it off for a profit if the stock comes back toward 280 or will accept the max loss of 2.84.
With $BABA breaching the short call strike of my iron condor, rolled 9/18 255/245 bull put spread up to 270/260 for 1.63 credit. Adjusted iron condor is 260/270//280/290. Total premium now taken in on the position is 5.95.
Been hesitant to do this since getting in front of speeding trains is not my idea of fun. At least not anymore.
Sold $TSLA 9/18 2300/2350 bear call spread @ 10.00.
Bought to close 9/4 40 puts @ .40. Sold for 1.75 on 8/12.
Sold $BABA 9/18 225/235//280/290 iron condor @ 2.95. Earnings were reported this morning.
IV increasing a bit here (current IV rank around 41). Sold $AMZN Sep 18 2980/3000//3600/3620 iron condor @ 6.79. About 1/3 the width of the strikes. Stock almost centered between the short strikes trading 3295-3300 which are +/- 300 points, puts and calls at 18 and 23 delta. Will look to close for 50% of the profit.
Bought to close 8/28 175 put @ .62. Sold for 3.30 on 8/5. Thanks @fuzzballl.
Sold $TQQQ 9/18 80 puts @ 1.45
Bought to close $LABU 8/21 45 puts @ .55. Sold for 1.80 on 7/28. Thanks @fuzzballl!
$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.
Sold 9/4 40 puts @ 1.75
Bought to close $SHOP 8/21 1120/1140 bear call spread @ 1.00. Sold for 5.00 on 7/29.
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 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.
$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.
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.
Sold $AMZN 8/21 2900/2950//3500/3550 iron condor @ 13.89, short strikes around 17 delta. IV still elevated (IVR 52).
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.
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.
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.
Sold $SLV 8/21 20.50/27 strangle @ 1.00. Delta neutral with both sides at 22 delta. IV rank 55.
Bought to close $ULTA 8/21 155 puts @ 1.10. Sold for 2.90 on 7/9. Thanks @fuzzballl!
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.
Sold $NFLX 8/21 430/440//580/590 iron condor @ 3.30 with the stock at 495.74.
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.
Bought to close $IWM 150/155 bear call spread @ .25. Sold for 1.29 on 6/19.
Sold $AMZN 7/17 3110/3130 bear call spread @ 5.20 with the stock around 3021.
Sold $TSLA 7/17 1450/1470 bear call spread @ 5.00 with the stock around 1368.
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.
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.
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.
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.
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
Sold $CAT 11/20 80 puts @ 1.85 with the stock at 122.16. Strike price would be at a 4 year low.