Short puts breached on my 6/21 350/340 BuPS. Just sold a 370/380 BeCS @ 1.72 to bring in premium. Short strike at 24 delta. Will roll down the call spread if there’s further downside move in the stock.

Sold $SPX 6/10 2720/2695 BuPS + 2900/2935 BeCS @ 7.00 overall credit. Leaning a little big long with the short puts at 22 delta and the short calls at 12 delta.

Sold $UVXY 6/28 (weekly) 40/50 bear call spread @ 2.00

Sold to close $VXX 5/31 32/27 bear put spread @ 3.90. Bought for 2.50 on 5/9.

Looking at the recent lows from last week and putting on a $BA 330/320 bull put spread for 1.50 credit. Short strike at 20 delta, and below lows from from 5/13-5/15. A test of of those lows back into the 330s and I’ll cut bait.

Sold $NVDA 6/21 140/145/175/180 iron condor @ 1.50 credit with the short strikes (145 and 175) around 20 delta. IV rank still on the high side (43).

Sold $DE 6/21 135/130 bull put spread @ 1.35

Sold calls against some stock that I’m long to hedge part of my position. STO $DIS 6/21 140 calls @ 2.00 with the stock at 136.08. Delta 35. Strike is above the all time closing high from late April (stock was above 140 intraday on days in late April but never closed above it). Looking for resistance at that level.

Sold $X 6/21 14 puts @ .50 with the stock at 14.93. Delta around 30. Strike price below the low from last week of 14.16. IV rank 47.

Rolled 5/17 95 puts down and out to 6/21 92.50 puts @ 1.90 credit with the stock now at 94.01.

Bought to close $FB 6/21 205/215 bear call spread @ .68. Sold for 2.15 on 4/25.

Meant to post this earlier–filled in the last hour of the trading day. Bought to close $EA 6/21 85/110 strangle @ 1.43. Sold for 2.16 yesterday so with the volatility contraction I was able to get out with a nice 1 day profit.

Sold $CTL 6/21 10 puts @ .33. Stock printing a hammer after the post-earnings gap down (between 3 and 4 standard deviations on the daily bollinger bands–now hanging around the 2SD lower band). If assigned, dividend yield will be 10% so I will likely take the stock if it closes below 10 at June expiration.

Again maybe a bit early, but on the chance that this vol spike has run its course, bought $VXX 5/31 32/27 bear put spread for 2.50 debit. 1:1 risk/reward. Breakeven in a little over 3 weeks is 29.50 with VXX currently trading at 30.76. Giving the trade a few weeks for vol to calm down in case I’m wrong. Will look to take 1.25-1.50 profit out of it.

Sold $UVXY 5/31 50/60 bear call spread @ 1.28

I may be a bit early so I’ll have this on a short leash. Sold $ROKU 6/21 90/95 bear call spread @ 1.23.

Sold $AMZN 6/21 1815/1765 bull put spread @ 12.02. Delta of short strike 30. IV rank 39.

Sold $UVXY 6/7 50/60 bear call spread @ 1.25 with UVXY currently at 40.65

Looking for a bounce here. Sold $REGN 6/21 300 put @ 5.80. Delta 23.

Borrowing a Tasty Trade idea.
Sold $EA 6/21 85/110 strangle @ 2.16.

Sold $FB 6/21 180/170 bull put spread @ 1.71

Sold $BA 6/21 345/340 bull put spread @ 1.15

Sold $MMM Jun 21 170/160 bull put spread @ 1.22. Delta of short strike 22.

Sold $BA 6/21 350/340 bull put spread @ 1.98

Sold:
$UVXY Jun 7 40/50 bear call spread @ 1.37
$UVXY Jun 14 40/50 bear call spread @ 1.39

Sold $ANET 6/21 230 puts @ 3.00.

In case you haven’t noticed the new replacement symbol for the old VXX (VXXB) has been renamed back to VXX as of yesterday. Now let’s get it back down to 10-15 so it can reverse split again. Oh and it can take it’s defanged cousin (UVXY) down there with it.

With the volume drying up, I added a bull put spread to the bear call spread I sold earlier this morning, to create an iron condor. Sold $SPOT 5/17 130/120 BuPS @ 1.50. Position is now 120/130/145/155 iron condor with total premium taken in around 1/3 the width of the strikes (3.23 for both sides). Short put strike at 26 delta.

$SPOT did not hold this morning’s post-earnings gap and is now trading down on the day. Sold 5/17 145/155 bear call spread @ 1.73.

For today’s expiration. Letting the put spread expire. Watching for a move down into the close to get a better price on on the call spread side.

Another TastyTrade idea.
Sold 4/26 7710/7730/7800/7820 iron condor for 5.36.

Sold $MMM 6/21 185/175 bull put spread @ 1.55 with the stock at 196.36

Sold $FB 6/21 205/215 bear call spread @ 2.15. I might be a bit early–watching closely.

Sold $IRBT 5/17 95 puts @ 1.65. Delta 20.

Bought to close $XBI 5/17 77 puts @ .30. Sold for 1.13 on 4/18.

Bought to close $WHR 6/21 120 puts @ .80. Sold for 1.80 yesterday pre-earnings.

Sold $WHR Jun 21 120 puts @ 1.80. Earnings after the bell today. Strike is around 1 standard deviation away. If assigned, basis will be 118.20, 15% lower than the current price. Dividend yield at that level would be 4%. More realistically thought, I’m looking for a volatility contraction after tonight’s earnings report and if there’s a move within the expected range, I’ll take profits quickly.

Bought to close $UVXY 5/24 45/55 bear call spread @ .40. Sold for 1.34 on 4/9.

Sold $XBI 5/17 77 puts @ 1.13 with XBI at 83.11. Delta 21.

Sold $NFLX 4/18 345/335 bull put spread @ 1.40.

Not a typical trade for me, but I’m trying to find some high IV in this environment so I’m doing a small position on this. Sold $BKNG 5/3 (weekly) 1870/1880 bear call spread @ 2.60 credit. The stock did break above the 50 day moving average today but the downtrending 200 day moving average has served as pretty reliable resistance since August. The short strike (delta of 29) is above the 200dma, which is currently around 1862. A couple of notes of caution–I’m guessing on the earnings date since it hasn’t been announced yet officially, using previous reporting dates and market maker options pricing to infer something in the week of the 5/10 expiration so I went with the Friday before. Also, the liquidity on options on this stock is not very good, and especially illiquid in the weekly expirations so another reason to keep this trade small.

Bought to close $LYFT 5/17 80/90 BeCS @ .60. Sold for 1.45 on 4/4.

Sold $UVXY 5/24 45/55 bear call spread @ 1.34

Bought to close $TSLA 4/18 250/240 BuPS @ .80. Sold for 1.77 on 4/4.

Sold $LYFT 5/17 80/90 BeCS @ 1.45

Bought to close $CAT 4/18 130/120 bull put spread for .43. Sold for 1.62 on 2/26.

Bought to close $DIS 4/18 106/101 bull put spread for .30. Sold for 1.07 on 3/20.

Sold to close $VXXB 4/5 33/28 bear put spread @ 4.09. Bought for 2.50 on 3/22.

With the negative effect from the Apple event behind it, I’m looking at today’s price action/bounce off support as an opportunity to trade this to the upside. Earnings likely early/mid May.
Sold $ROKU May 17 55/50 BuPS for 1.25. Delta of short puts 23.

Bought to close $M 4/18 23 puts @ .29. Sold for .72 on 2/26.

Bought to close $DUST Jan 17 2020 40 calls @ .45. Sold for 4.50 on 1/30/18 and 6.00 on 2/5/18.

Another position to offset SVXY losses.
Bought $VXXB Apr 5 33/28 bear put spread for 2.50 debit. Will look to take 1.25 profit out of it.

Sold $UVXY May 17 55/65 bear call spread @ 1.20

Looking at today’s price action and feeling like the down move (at least in the short term) could be exhausted. Sold $DIS Apr 18 106/101 bull put spread for 1.07 with the stock at 109.21. Delta of the short puts is 32.

Once upon a time options expiration Friday used to be a great event with positions expiring for full profit and a bunch of risk falling off. I have just about everything on a short leash these days and with all the rollouts not much is being left to expire anymore.

Here’s what I have for today:
Expiring: $UVXY Mar 15 45/55 bear call spreads
Being called away: $TQQQ Mar 15 45 calls (covered)

Have a great weekend everyone.

Sold to close $VXXB Mar 15 33.50/28.50 bear put spreads for 3.86. Bought for 2.38 on 2/21.
Bought to close $UVXY Apr 18 56/66 bear call spreads for .51. Sold for 1.61 on 3/8.

Bought to close $AAPL Jun 21 130 puts @ .27. Sold for 1.30 on 11/13.

Sold $UVXY Apr 18 56/66 bear call spread for 1.61 with UVXY at 47.99

Borrowing an idea from TastyTrade (from yesterday). Better premium today.
Sold $AMZN Apr 18 1470/1480/1780/1790 iron condor for 2.85. Leaning just a bit bullish with the down move (short puts at 19 delta/short calls at 15 delta).

Sold $CVS Apr 18 55 puts @ 1.05 with the stock at 57.22. Prices are better now.
Adding to my position, short the Apr 18 60 puts.

Bought to close $NFLX Mar 15 335/325 bull put spread for .70. Sold for 2.55 on 2/13.

Bought to close $NUGT Jun 21 35 calls @ .35. Sold for 1.01 on 1/30 and 1.20 on 2/20.
Taking around 70% of the profit available, 3 1/2 months early. Who knows what can happen between now and then. I’m out of NUGT completely now so will look to fade another big spike in gold/miners when it happens.

Rolled $SQ Apr 18 70/60 BuPS up to 75/65 for 1.03 credit. Sold the 70/60 yesterday for 1.65 so total premium collected so far is 2.68.

$PANW I made a mistake yesterday when I legged into what was supposed to be an April iron condor. I erroneously went into March on the bear call spread side and April on the bull put spread side. I got a bit lucky with today’s pullback in the stock since the March options are decaying much faster than April so I was able to realize a quick 50% profit. I took the opportunity to roll the call spread (Mar 15 265/275) down and out to Apr 18 260/270 for 2.16 credit. Position is now an Apr 18 iron condor 230/220 BuPS + 260/270 BeCS. Total credit taken in so far is 4.76.

Sold $SQ Apr 18 70/60 BuPS for 1.65

Sold $PANW Apr 18 265/275 bear call spread for 1.49

Apparently, as the kids like to say, my maths wasn’t working yesterday.

When I rolled the adjusted position (from Mar 41.50/42 strangle to Apr 40/46 strangle), I hadn’t calculated that I already had a small profit in the position. At that point I wouldn’t normally have rolled since that would have been a defensive move. Should have just closed it out yesterday. Got a few cents more profit today so I decided to close the whole thing out.

Bought to close $MU 4/18 40/46 strangle @ 3.53. Total premium taken in with rolls/adjustments was 3.91, so a .38 overall profit.

$CAT gapped down this morning after the downgrade but some buying has come in. Stock has been in an uptrend with higher lows all year. Sold $CAT Apr 18 130/120 BuPS for 1.62.

Looking at recent support holding after the positive reaction to earnings. Sold $M Apr 18 23 puts @ .72.

Rolled $MU Mar 15 41.50/42 strangle out to Apr 18 40/46 strangle for .35 credit.
History so far:
1/29: March 33/42 strangle sold for 1.92 credit
2/6: Rolled 33 puts up to 39 puts, staying in March, for 1.00 credit
2/20: Rolled 39 puts up to 41.50 puts, staying in March, for .64 credit
2/25: Rolled March 41.50/42 strangle out to April 40/46 for .35, widening from 1/2 point to 6 points with the deltas (put/call) at 31 and 38. The fact that earnings come between March and April expiration allowed me to make this roll.

Now I’m just looking for this thing to slow down a bit. Total credit taken in 3.91 so my breakevens are now 36.09 and 49.91, a pretty wide range for the stock to bounce around between now and earnings at which point I’ll have hopefully closed the position for a profit.

Borrowing an idea from TastyTrade.
Sold KHC Apr 18 32.50/37.50 strangle for 1.88 credit with the stock centered at 35.00.

Bought $VXX 3/15 33.50/28.50 bear put spread for 2.38 with VXX at 32.04. Looking to take 50% out of this so will close for around 3.70-3.80. Breakeven in a little more than 2 weeks is 31.12. Using to offset some more old SVXY positions that I’m tracking.