Closing AMGN

Bought to close $AMGN 6/21 175/180 bear call spread @ .94. Sold for 1.55 on 5/28.

TLT call spread

Fading the move up in bonds via a 6/21 132/137 bear call spread. Sold for .79.

EDIT: Corrected expiration date to 6/21

Closed SPX IC

Bought to close $SPX 6/10 2720/2695 BuPS + 2900/2935 BeCS @ 3.99. Sold for 7.00 on 5/23.

New VXX put debit spread

Bought $VXX 6/21 31/26 bear put spread @ 2.51. Breakeven in 24 days 28.49 with VXX currently at 29.81. Looking for 50% profit.

JNJ July puts

Selling momentum seems to be slowing, showing some life on the intraday charts. Sold $JNJ 7/19 120 puts @ 1.23 with the stock at 130.09. Delta 18. Strike price below the 12/24/18 low.

AMZN put spread

Sold $AMZN 6/21 1750/1740 bull put spread @ 2.35. Short strike at 28 delta, and below the 200 day moving average.

A bounce in oil?

Got pretty extended to the downside. Time to get back to fading the triple leveraged commodity ETFs.
Sold $DRIP 9/20 21 calls @ 1.55

BA put spread

Sold $BA 6/21 340/330 bull put spread @ 1.30

AMGN call spread

Sold 6/21 175/180 bear call spread @ 1.55

IRBT adjustment

Sold $IRBT 6/21 95 calls @ 1.93, against my now ITM 92.50 puts to lower the delta.
The puts had been rolled from the original position (May 95s) for a credit, so total premium taken in is now 5.48.
Updated position is a June 92.50/95.00 strangle with breakevens at 87.02 and 100.48.
Stock doesn’t seem to want to get off the mat but nothing lasts forever.

UVXY vertical call spread in July

Sold $UVXY 7/19 50/60 bear call spread @ 1.15 with UVXY at 37.41.

AMZN put spread

Sold $AMZN 6/21 1780/1770 bull put spread @ 3.38

Adding a BA call spread

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.

SPX iron condor

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.

UVXY vertical call spread

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

Closing a VXX position

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

BA put spread

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.

NVDA iron condor

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).

DE post-earnings

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

DIS Covered Calls

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.

X puts

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.

Rolling IRBT

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

Closing FB call spread

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

Closing EA

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.

CTL short puts

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.

VXX long put spread

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.

Another UVXY call spread

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

Fading the ROKU move

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.

AMZN June BuPS

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

UVXY weekly call spread

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

REGN Jun

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

EA strangle

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

FB BuPS

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

BA adding

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

MMM put spread

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

BA put spread

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

UVXY call spreads

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

ANET post-earnings

Sold $ANET 6/21 230 puts @ 3.00.

Everything old is new again

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.

Adding a put spread in SPOT

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 post-earnings

$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.

Taking a loss on NDX iron condor

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.

NDX IC for today

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

MMM put spread

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

FB call spread

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

IRBT Sep

Filled at the bell as the stock took a dive into the close.
Sold $IRBT 9/20 60 puts @ 1.20.
#FallingKnife

IRBT puts

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

Closing XBI

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

Closing WHR

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

WHR puts

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.

Closing UVXY 5/24

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

XBI short puts

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

NFLX 1 day trade

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

BKNG call spread

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.

Getting out of my LYFT

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

UVXY call spread

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

Closing TSLA

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

TSLA put spread

On the $TSLA intraday recovery sold 4/18 250/240 BuPS @ 1.77

Fading LYFT

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

Taking profits on CAT

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

Closing DIS

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

Closing a VXXB position

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

ROKU put spread

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.

Closing $M

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

Closing DUST

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.

VXXB long put spread

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.

UVXY call spread

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

Disney Done Down?

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.

Expirations for 3/15

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.

Taking off a couple of VXXB/UVXY positions

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.

Closing some AAPL

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

UVXY call spread

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

AMZN iron condor

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).

CVS adding

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.

Closing NFLX

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