Bought to close $UVXY 10/18 45/55 bear call spread @ .14. Sold for 1.27 on 8/28.

Rolled in the money $NUGT 9/20 30 calls out, and up 2 points, to 10/18 32 calls @ .80 credit

With the selling momentum slowing and IV still decent (IV rank 44) sold $FDX 10/18 130/140/160/170 iron condor @ 2.52 with the stock centered between the short strikes.

Rolled $ROKU 10/18 180/190 bear call spread down to 155/165 for 1.37 credit. This is part of an iron condor with a 140/130 bull put spread. Short puts have been breached so I rolled the call spread down. This iron condor was a rollout from September. Total credit taken in so far on the rolled position is 4.71 putting my breakevens near 135 and 160.

$NFLX A bit on the aggressive side but I like what the stock has been doing to get off the mat the last few days. Sold 10/11 285/275 bull put spread @ 1.98. Short strike 27 delta. Expiration is the 10/11 weekly not the 10/18 monthly (avoiding earnings which are on 10/16.

$ADBE Borrowing an earnings trade idea from TastyTrade. 9/20 (this Friday) 292.50/295/300 broken wing call butterfly @ .30 credit. No downside risk. Profitable below 297.80. Stock at 282.58. Earnings after the bell today.

EDIT: Corrected. Originally posted “no upside risk” but the trade is a call butterfly for a credit–there is no downside risk. Apologies.

$CMG With the stock making a move up, my iron condor was starting to get too much short delta so I rolled the 10/18 725/705 bull put spread up to 780/760 for 2.18 credit. Still paired with the 850/870 call spread, with the stock around 825. Total premium taken in now 6.33 against 20 point wide wings.

With direction helping quite a bit, I took this trade from Friday off for more than 50% of the profit after.
Bought to close $ORLY 10/18 410/420 bear call spread @ 1.15. Sold for 2.60 on 9/12.

Sitting on quite a few positions that are close to the money for September expiration. Rolled the furthest ITM position up 1 strike and out a month for a credit. Rolled NUGT 9/20 26 calls, out to 10/18 27 calls @ .60 credit.
Remaining 9/20 short call positions that I’ll be watching closely this week: 30 calls, 31 calls, 35 calls.

Bought to close 12/20 130 call @ 3.50. Sold for 13.00 on 8/1.
I have one position left–short 12/20 115 calls which I will look to take off soon.

Sold $CMG 10/18 705/725/850/870 iron condor @ 4.15. IVR on the low side (25) but this gives the stock a 125 point range (currently at 786.56) and some opportunities to roll up or down if it makes a strong move in either direction.

The pullback in $COST seems to be over for now with today’s price action. Sold 10/18 285/275 bull put spread @ 2.34 with the stock at 293.57. Delta of short puts 33. IV rank is high at 55, but earnings are 10/3 so I’m going to need some direction on this trade to take it off early.

$ORLY Not the ideal setup from a premium selling angle (IV rank is relatively low at 21) but with the weakness in this segment, and this stock showing a strong rejection at the recent highs, I sold a 10/18 410/420 bear call spread @ 2.60. Short strike at 33 delta and above the highs from July and Sep (looking like a potential double top).

Bought to close $NUGT 9/20 39 calls @ .47. Sold for 1.46 on 7/10.

Bought to close $TLT 9/20 147/152 bear call spread @ .15. Sold for 1.30 on 8/14.

Bought to close 10/18 130 call @ 2.55.
Position is a rollout:
Original sale 9/20 115 call @ 3.50 on 7/25
Rolled up and out to 10/18 130 call @ 1.21 credit on 8/27
Total credit taken in: 4.71. Cost to close: 2.55. Profit: 2.16.

I’m still short Dec 115 and 130 calls.

Bought to close $SHOP 9/20 420/430 bear call spread @ .40. Sold for 2.36 on 8/28.

Took the opportunity to get out of the remaining contracts at a little better than 50% of the profit. Don’t want to take a chance of another spike combined with low liquidity of these contracts.
Bought to close 9/20 21 calls (equivalent of post-reverse split 105) @ .75. Sold for 1.55 on 5/29.

With the short calls breached, rolled the $ROKU 9/20 170/180 bear call spread out to October for a credit. Up 10 points on the call spread and added a put spread with the short strike at 15 delta. Position still leaning quite short with the short calls at 43 delta.
BTC 9/20 170/180 bear call spread
STO 10/18 180/190 bear call spread
STO 10/18 140/130 bull put spread
Overall credit for the roll: .54

Bought to close $ULTA 9/20 210/220/260/270 iron condor @ 1.10. Sold for 2.60 on 8/30.

Coming off its all time high yesterday, down today in a strong market. Sold $ROKU 9/20 170/180 bear call spread @ 2.80.

Back in May, before the 1:5 reverse split I sold some Sep 105 calls (which are now DRIP1 9/20 21 calls). Bought to close @ 1.50 (the lot that I sold for 2.20). Still sitting on some that I sold for 1.55. Another down move in the next couple days and I’ll take that off too.

With the stock down 30% and IV still high (IVR 58), selling some premium down here. Sold 9/20 210/220/260/270 iron condor @ 2.60 with the stock at 239.70. Put and call short strikes at 21 and 17 delta. Not expecting a huge bounce back–looking for the stock to flounder around in this 20 dollar range for a while and for premium to bleed out over the next week or so.

Bought to close $DIS 9/20 130/120 bull put spread @ .40. Sold for 1.57 on 8/7.

Could be coming in a bit. Maybe it will bleed some more option premium out before the 3 day weekend. Of course you have to allow for 3 days of tweets so you never know. The front end of the curve (http://vixcentral.com/) is surprisingly back in contango although the rest of the curve is still a mess. Watching closely, obviously 🙂

$SHOP looking like it’s peaked at least in the short term after a nice runup. Printing a red candle today. Sold 9/20 420/430 bear call spread @ 2.36 with the stock around 392.

Sold 10/18 45/55 bear call spreads @ 1.27

With oil continuing to be so weak and the inverse ETF not coming in ($DRIP currently at 119), I rolled my 9/20 115 call up and out to 10/18 130 call @ 1.21 credit. Up 15 points on the strike and out of the money by around 10 points.

Sold $BA 9/20 310/300 bull put spread @ 2.15

Sold $TLT 9/20 147/152 bear call spread @ 1.30. IV rank 99.

Many of us have been trading these to the short side for a long time, but for anyone who needs a refresher, here is a good summary on the pitfalls of being long these 2x and 3x products for any length of time beyond really short term. They can be supercharged if they’re going straight up for example, but in volatile environments they can grind you out.
https://www.proshares.com/funds/performance/the_universal_effects_of_compounding.html

I put this on last week, taking it off for 50% of the profit, Still have quite a bit of short call exposure. Bought $DRIP 9/20 164 call @ 4.50. Sold for 9.00.

Sold $DIS 9/20 130/120 bull put spread @ 1.57

Sold $X 9/20 11 puts @ .50

Sold $DRIP 9/20 164 Call @ 9.00

T2108 24.63
T2122 2.75

Sold $UVXY 9/20 40/50 bear call spread @ 1.28

Sold $DRIP 12/20 130 call @ 13.00. New highest strike.

Bought $VXX 8/16 26/22 bear put spread @ 1.91. Will look to take this off for near 3.00, hopefully soon if volatility retreats.

Sold $AAPL 9/20 230 calls @ 2.21. Covered by long stock.

A huge red candle printing on the daily chart, down around 15% today. This is the type of volatility that kills the long side of these ETFs. Just to recover and get back to the highs from this morning/yesterday, DRIP will have to increase more than 20%.

Lightening things just a bit. Bought to close $NUGT 9/20 54 calls @ .68. Sold for 1.40.

Post-earnings, IV still a bit elevated and the stock slowing down, sold $CMG 8/16 810/820 bear call spread @ 2.20

Sold $WDC Sep 20 62.50 calls @ 1.90.

I was assigned 4 separate lots of stock from short puts, back in May and June.

I took one of those lots (sold stock for 54.79) off for an overall profit (after multiple rolls/adjustments starting in September.

For one of the remaining 3 lots, I sold Sep 20 60 covered calls which would take me out of that one for an overall profit if assigned.

Watching to sell calls on the other 2 lots as the stock looks like it could be poised for an earnings run into next week.

Sold $NUGT Sep 20 54 calls @ 1.40. Highest strike.

Bought to close 8/9 265 puts @ 1.60. Sold for 3.90 on 7/3.
Thanks again Fuzzy!

Sold $NFLX Aug 310/300 BuPS @ 2.60

Sold $CI 8/16 185/194 bear call spread @ 1.60.

Bought to close 9/20 60 puts @ .50. Sold for 1.20 on 4/24.
I am now totally out of this underlying.

Sold $NUGT 9/20 44 calls @ 1.10 (highest strike).
I am now short these calls in Sep 26, 30, 31, 35, 39, 44. I could roll the ITM 26 calls up now but it would have to be to December. Could roll to 30 for a small credit but I’m going to wait a bit before I do that.

Bought to close $XBI 8/16 78 puts @ .48-.49. Sold for 1.21 on 6/24.

Sold 7/19 55 calls @ 1.00, against part of my assigned long position.

Intraday weakness had me convinced the stock was rejected at resistance and heading lower, and I was looking for quick decay on short dated options. Didn’t work out so I’m closing these before they get out of hand.
Bought to close:
$NFLX 7/12 380 calls @ 4.06 (sold for 2.50)
$NFLX 7/12 382.50 calls @ 2.74 (sold for 1.52)

Sold 7/12 380 calls @ 2.50 for this Friday’s expiration

Bought to close $CVS 8/16 50 puts @ .50. Time has marched on and the stock hasn’t moved too much since I put the trade on (sold for 1.34 on 3/1).

With the stock recovering a bit and now hanging around the short put strike I decided to close this trade for about 45% of the max profit. Bought to close $HIIQ 7/19 jade lizard (short 26 puts + 34/37 bear call spread) @ 1.77. Sold for 3.20 on 6/7.

Taking profits on long put spreads.
Sold $VXX 7/12 28/24 bear put spread @ 3.05. Bought for 2.00 on 6/25.
Sold $VXX 7/19 28/24 bear put spread @ 3.06. Bought for 1.94 on 6/14.

Bought to close $CMG 7/19 770/780 bear call spread @ .35. Sold for 1.86 on 6/25.

Bullish on this stock that’s near the bottom of its range for the last couple of months. IVR is low (20) so I decided to buy calls. Bought $HQY 65/70 bull call spread @ 2.18. Bearish moving average configuration so I’m not looking for a huge breakout here.

Been rolling this losing trade out since November. Or maybe I should adopt a more optimistic attitude and call it a “soon to be ex-losing trade”. Rolled 7/19 50 puts out to 8/16 50 puts @ .85 credit with the stock at 46.76.

Total credit so far (this will be the 8th rollout): 2.17. Stock is let’s say around 1.00 below the August breakeven. Technically the stock is in an uptrend the last month and is now above the major moving averages with the 20 close to crossing above the 50. Of course there are earnings to deal with before August expiration. If the stock makes a run into earnings then I won’t have to worry about it.

Sold $AAPL 7/19 190/180 bull put spread @ 1.70 credit with the short strike at 30 delta, right around support,

Bought $VXX 7/12 28/24 bear put spread @ 2.00. 1:1 risk/reward. Will look to take off for around 3.00.

$CMG at resistance, now close to the low of the day. Sold 7/19 770/780 bear call spread @ 1.86 with the stock at 733.29.

Sold $ROKU 7/19 90/85 bull put spread @ 1.22.

Sold $NLSN 7/19 22 puts @ .75. Stock hasn’t bounced yet today so I’m likely early here. But an assignment at 22 will give me a basis of 21.25 and a 6% dividend.

Sold $XBI 8/16 78 puts @ 1.21. Strike below the May lows. Delta 20.

Sold $NUGT 9/20 39 calls @ 1.46. New highest strike.

Most of my positions were rolled but this is what was left to expire:
$BA 6/21 345/340 bull put spread
$DE 6/21 130/125 bull put spread
$MMM 6/21 170/160 bull put spread
$NFLX 6/21 325/315 bull put spread
$TLT 6/21 132/137 bear call spread
$UVXY 6/21 40/50 bear call spread
$X 6/21 14 puts
$BKNG iron butterfly 1670/1700/1730 expiring for full loss. Position had been adjusted/rolled a couple of times–total premium 20.60 so 9.40 loss.

Have a great first official weekend of summer everyone.