BTC $SRCL Aug 17 50 puts @ .19. Sold for 1.25 on 2/22.

I sold a narrow 113/114 strangle on 5/23 and I held it through its move down on 5/29 and subsequent bounce back. Today it’s back down again under 112 on Euro weakness so I’m moving the 114 calls down to 111 and going inverted by 2 points. Credit for the roll is 1.30. Total credit received is now 3.44 against a 113/111 inverted strangle. Profit of 1.44 if it finishes between the strikes.

Sold $HA Oct 19 32 puts @ 1.18.
Thanks for the heads up about this stock MikeL.

Sold $FSLR Jul 20 50 puts @ 1.30

Near the top of the range and pulling back today.
Sold $CAT Jul 20 165/175 BeCS @ 1.25.

Sold $AMBA Nov 16 32.50 puts @ 1.10. Stock hasn’t been there in almost 4 years.

Strong into the weakness. Trading at the high of the day 46.72. Up 40% in the last 6 trading days.

With no time value left, I rolled $DISH Jun 15 37.50 puts out to Jul 20 for .05 credit.

Bought to close $K Dec 21 47.50 puts @ .40. Sold for 1.23 on 5/2. Over 65% of the profit in less than a month. Didn’t want to wait another 6 months for the last .40.

Bought to close $AZO Jul 20 590 put @ 3.70. Sold for 9.80 on 5/22. This is a margin hog so I’m being aggressive in taking them off when they’re more than 50% profitable. I’m also still short a Dec 500 put from 11.60 that I’ll look to close hopefully pretty soon.

Up 10% on more than double average volume.

$CPB Jun 15 37 puts out to Jul 20 37 puts for .45 credit

Adding to my put ladder
Sold $WHR Dec 21 110 puts @ 1.40

Borrowing an idea from Tastytrade. I saw a segment where they talked about currency options and that FXE in particular, while having a low nominal IV, had an IV rank of above 60. It’s probably one of those trades that won’t make you a lot of money, at least from a ROC % angle, but won’t kill you either because the underlying typically doesn’t have huge moves (as a %). Currencies are also relatively uncorrelated with the major averages so there’s the diversification angle. Because of the low premiums you have to sell very tight strangles (or straddles) to get anything. Putting this one on for July and will watch it closely.
Sold $FXE Jul 113/114 strangle @ 2.14 with FXE at 113.13. Breakevens are 110.86 and 116.14.

Rolled July 45 calls up and out to August 47 for .24 credit

45 level breached so I rolled the $GUSH Jun 45 calls up and out to Jul 50 calls for .15 credit

$AGN 115 puts
$AGN 120 puts
$AGN 130 puts
$ALXN 90 puts
$CVS 55 puts
$REGN 280 puts
$CAT 140/130 BuPS

Taking a loss:
$COST 185/190/195 iron butterfly (put side had been rolled up–original trade was 170/175/190/195 iron condor). Total premium taken in 2.75/loss of 2.25.

Have a great weekend.

Bought to close $HOG May 18 42.50 puts @ .07 with the stock at 42.55.

Sold $CPB Nov 16 31 puts @ 1.10

Sold $GUSH Dec 21 57 call @ 6.00
Adding to position at the highest strike

Sold $GUSH Sep 21 57 call @ 2.50. Highest strike.

Bought to close:
$CMI Jun 15 120 put @ .15. Sold for 1.60 on 11/17.
$KR May 18 25 puts @ .43. Sold for 1.31 as a rollout on 4/20. Overall profit on the position .42.
$CI Oct 19 135 put @ .80. Sold for 3.00 on 3/13.

Sold at the highest strike.
$GUSH Dec 21 57 call @ 4.00.

I have a ton of this, as many of us do. I abandoned the covered call strategy when Proshares cut its wings off and brought it down to -.5 from -1.0. Since then I’ve been selling UVXY calls (well mostly call spreads) and buying VXX put spreads to apply against all these positions. My first lot is coming off today as the basis for these was brought down to 11.74. Sold some SVXY @ 13.2438.

I have a long long long way to go but I want to get maybe 20-30% of these shares off the books before the end of the year. We’ll see.

With the $VIX retreating and $VXX possibly back on its ride to zero, I am going short VXX via a put spread in June.

Bought $VXX June 15 37/32 bear put spread for $2.40 debit. I’m looking to take this off for a 50% profit (closing for around 3.60).

BTC $PYPL Jul 20 62.50 puts @ .32. Sold for 1.30 on 2/1.
BTC $MS Jul 20 46 puts @ .25. Sold for 1.04 on 3/23.
BTC $DUST Sep 21 46 call @ .30. Sold for 2.50 on 2/27.
BTC $BIIB Jun 15 235 puts @ .81. Sold for 2.50 on 4/24.

Got filled about 30 seconds before the bell.
Sold $GUSH Dec 21 46 call @ 5.00. Adding to position at the highest strike.

Bought to close $MLM Jul 20 170 put @ .60. Sold for 3.10 on 4/9.

Sold to add to positions at the highest strike:
$GUSH Jun 20 45 call @ 2.25
$GUSH Sep 21 45 call @ 4.00

Have a great (hopefully relaxing) weekend everyone.

VIX now at 14.90. VXX looking to get back down into the 30s.

Dropping down a strike in October.
Sold $SWK Oct 19 110 puts @ 1.25.
I am now short the following ladder:
Jun 130 puts
Jul 130 puts
Oct 115 puts
Oct 110 puts

I am going to stop selling anymore puts in this name until the 130s fall off in June (hopefully).

On the big move up, I’m getting out of my rolled position for a profit.
Bought to close $OLED May 18 100 puts @ 3.70.
Overall profit for twice-rolled position: 1.01.

Taking this trade off that I put on Tuesday for a quick 50% of the potential profit.
Bought to close $NOC Jun 15 280/270 BuPS @ .60. Sold for 1.25 on 5/1.

Bought to close $EXAS Jul 20 30 puts @ .20. Sold for 1.65 on 2/23.

Closing one of the call spread positions I sold after earnings.
Bought to close $AMZN May 18 1700/1720 BeCS @ .57. Sold for 3.70 on 4/27.
I’m still holding the 1650/1670 BeCS for May which I’ll look to close out soon.

Sold at the newest high strikes in Jul and Sep.
$GUSH Jul 20 45 calls @ 1.50
$GUSH Sep 21 45 call @ 2.74

Already short Aug 100 and 90 puts. Extending the ladder to Nov.
Sold $AYI Nov 16 80 puts @ 1.60 with the stock at 113.67.

8$NOC dipped below the 200 dma and has bounced back above it. Selling some premium in this name in June.
Sold $NOC Jun 15 280/270 BuPS for 1.25.

Looking for $BA to stay in its trading range with 310 at the bottom. Stock is in its second big down day (almost 5% since Friday) but it looks like the big volume is starting to wane. I’m admittedly early but there’s enough room here, with the stock at 328.63, that I feel comfortable with it.
Sold $BA May 18 310/300 BuPS for 1.34.

Sold $TPR Nov 16 40 puts @ 1.55

Well my idea for a 1 week roll pre-earnings on this didn’t work. Stock was 94.45 when I did that last Friday. I’m short the 100 puts. Thought that if there was a bit of a rally in the stock I could get out near my basis of 97.75. Didn’t happen. So I’m rolling to May, past next week’s earnings announcement.
Rolled $OLED Apr 27 100 puts out to May 100 puts for 2.46 credit. Basis reduction so far is 4.71 so I’m looking for around 95 or so by expiration. Of course if earnings disappoint this has the potential to be another long term roll project.

Losing a bit of momentum so selling call spreads–splitting the risk up into 2 positions:
$AMZN May 18 1700/1720 BeCS for 3.70 credit
$AMZN May 18 1650/1670 BeCS for 6.90 credit

Anything can happen here so I’m taking profits and closing the trade.
Bought to close $RSX May 18 19 puts @ .15. Sold for .54 on 4/11.

Taking this off for around 70% of the max.
Bought to close $XBI May 18 75/96 strangle @ .53. Sold for 1.85 on 3/29.

I was waiting for a good time to sell puts to offset my ITM short calls that I’ve been carrying and rolling. Today looks like a good day for it.
Sold $QQQ May 18 148 puts @ 1.24 and 149 puts @ 1.36. They are offsetting ITM calls at the same strikes so positions are now May 148 and 149 straddles.

But the rules have changed so I’m sticking with the strategy post-VIXpocalyse in early Feb. I still like selling UVXY calls but they will almost always be hedged now (call spread) which is going to necessitate them being closer to the money. With UVXY’s wings being clipped as well I’m a bit more comfortable with the 22 short strike. If volatility comes in at all over the next couple of weeks I will try to take this off.
Sold $UVXY Jun 15 22/27 bear call spread @ .54.

Throwing one out there at 15 delta in Sep. I may add if the stock keeps moving down.
Sold $SHW Sep 21 320 put @ 5.10.

I wasn’t hoping to close this for another week or two but I got a bit lucky on this trade I put on this morning. It doesn’t happen like this very often, unfortunately.
Bought to close $CAT May 18 165/175 BeCS for .30. Sold near the open today for 1.35.

Taking advantage of still elevated volatility (IV rank 53) after earnings to sell a put ladder and either take assignment long term or keep the premium. Sold:
$BIIB May 18 240 puts @ 1.60 (delta 14)
$BIIB Jun 15 235 puts @ 2.50 (delta 16)
$BIIB Jul 20 220 puts @ 2.10 (delta 11)

In the freshly minted December series, at the highest strike.
Sold $GUSH Dec 21 46 call @ 4.00.

Fading the post-earnings move. Sold $CAT May 18 165/175 BeCS for 1.35.

Closing the call spread for around 65% of the max profit and flipping it to a put spread to try to catch premium on the other side.
Bought to close $NFLX May 18 365/375 BeCS @ .52 (sold for 1.43 on 4/17)
Sold to open $NFLX May 18 295/285 BuPS @ 1.20 with the stock at 319.82.

Hope I’m not getting too cute here.

Closing for a profit while I still can, with earnings on Wednesday.
Bought to close:
$FB Apr 27 150 puts @ .60 (sold for 2.40 on 3/21)
$FB APr 27 155 puts @ 1.34 (sold for 1.60 on 3/19)

With earnings on 5/3 I decided to roll my ITM Apr 20 100 puts out only 1 week, for .85 credit, instead of going into the May expiration and having earnings in the cycle. I figure I’d give it another week to recover a bit and maybe be able to take it off by next Friday. With the credit, basis has been reduced by 2.25 so I would need the stock at 97.75 or higher next Friday to be able to do that.
Rolled $OLED Apr 20 100 puts out to Apr 27 100 puts for .85 credit.

I may be early here but with the momentum slowing I wanted to sell some premium and get some short delta against my stock.
Sold $NFLX May 18 365/375 BeCS @ 1.43 with the stock at 334.34, around 4 dollars off its high of the day. Delta of the short strike is 20.

$NFLX Apr 13 282.50/295/315/325 iron condor
$UVXY Apr 13 20/30 BeCS

Have a great weekend everyone.

On the big move down after earnings, sold some puts in the 6/1 weekly, well below the 200 dma.
Sold $JPM Jun 1 100 puts @ 1.04-1.05.