With the stock at 1237, rolled short $MELI Oct 20 1120 put down and out to Nov 17 1050 put (13 delta) @ 12.80 credit. Earnings expected 11/2. Total credit now 18.50.

I was assigned overnight on the in the money Oct 20 65 puts. Instead of holding the stock and selling calls I decided to close it out and reinitiated the 65 puts in November:
Sold $SHOP @ 52.15 (12.85) loss
Expiration of 10/20 65 puts = +3.03
Net loss per contract: (9.82)
Total premium previously collected on this position: 6.34, so I’m negative now 3.48 per contract.

Sold Nov 17 65 puts @ 13.25
Looking at the double bottom on the daily chart I’m willing to stay bullish here. If the lows don’t hold and the stock falls below 50.50 I will exit the position without another roll.

With the stock at 151.89, rolling short $SNOW Oct 20 150 puts out to Nov 17 150 puts (42 delta) @ 3.75 credit. The original position was Sep 15 150 puts. With 2 rolls, total credit is now 12.55.

At 15.29, lowest level since last October.

Sold to open $MELI Oct 20 1120 put (09 delta) @ 5.70 with the stock at 1301.

Sold to open $COIN Oct 20 75/70 bull put spread @ 1.24 with the stock at 82

Pre-earnings (after the bell today) bought to close $ADBE Oct 20 530/540/580/590 iron condor at 4.90. With 1 roll up, total premium taken in was 4.77 so taking a small (.13) overall loss.

With the stock at 569, rolled $ADBE Sep 15 465/455 bull put spread up to 540/530 for 2.03 credit. Position is now a 530/540/580/590 iron condor, with 4.77 total premium taken in. I will take this position off before the end of the day on Thursday 9/14 (earnings after the bell).

Originally sold the $SNOW Sep 15 150 puts (for 5.15) to potentially go long. With the move up, I’m rolling the position out to Oct 20 150 puts (29 delta) @ 3.65 credit. Total premium taken in now 8.80.

Originally sold the $SHOP Sep 15 60 puts (for 3.48) to potentially go long. With the move up, I’m rolling the position up and out to Oct 20 65 puts (40 delta) @ 2.86 credit. Total premium taken in: 6.34.

Bought to close $SMCI Sep 15 210/220/340/350 iron condor for .62. Sold for 2.65 on 8/9.

Sold to open $ADBE Sep 15 455/465/580/590 iron condor @ 2.74. Earnings expected 9/14, the day before opex.

Sold to open $SMCI Sep 15 210/220/340/350 iron condor @ 2.65. Post-earnings.

Sold to open $SNOW Sep 15 150 puts @ 5.15 (23 delta) with the stock at 169.06. To go long or keep the premium.

Sold to open $SHOP Sep 15 60 puts @ 3.48 with the stock at 59.82. Looking to go long.

With high volume and OI at the 380 strike, playing for a 380 pin in the Qs today.
Bought 377/380/383 call butterfly @ .53 debit.

Along with $VIXY and $BOIL
https://www.proshares.com/press-releases/proshares-announces-etf-share-splits

$UVXY 1:10 reverse split effective as of 6/23.

Last split was May 2021, a 1:10 reverse split announced on 5/11/21 when it was trading around 4.50. The split was effective 5/26/21 when it was trading for 3.80. It’s exactly 2 years later and UVXY is currently 3.20. Wondering what ProShares has planned.

BTO Jul 21 170 calls
STO Jun 16 180 calls
Net debit: 8.30

Sold to open $UVXY Apr 21 7/12 bear call spread @ .62

Sold to open $CRWD Jan 20 110/100 bull put spread @ 2.03 with the stock at 123.05

I think the Musk/Twitter panic is played out. Sold to open $TSLA Dec 16 160/150 bull put spread @ 1.78.

T2108: 11.30 (low of the day 9.96)
Fear and Greed Index: 21 (Extreme Fear)
VIX futures in backwardation (www.vixcentral.com)

Finally took this one off for just about a scratch/very small loss after it ran away from me after earnings. Originally put the trade on 8/9 and did several rolls and adjustments bringing in net 2.85 in premium. Bought the final position (Oct 21 55/75 strangle) back for 3.15 for an overall .30 loss.

It got as low as 17.66 this morning. Not in the single digits like in June but notable. We’ll see if there’s anything behind today’s move. It closed at 26.07.

I’m liking this strong move in a weak tape with the stock more than recovering from Tuesday’s market bloodbath.
Sold to open $NFLX Oct 21 200/190 bull put spread @ 1.80. Short puts 19 delta.

BTC Sep 9 406/407/408 iron butterfly @ .66. Sold for .89 earlier.

A little bit of speculation, low risk high reward. Looking for the Friday afternoon rally that could make another appearance today. STO Sep 9 406/407/408 iron butterfly @ .89 credit. Max loss .11.

Going long semiconductors here. Sold to open Oct 21 195/185 bull put spread @ 2.05, short puts 26 delta.

Rolling this position out to what I’m hoping will be the last iteration before I take it off for an overall profit: Rolled $TTD Sep 16 60 straddle out to Oct 21 55/75 strangle for 1.10 debit.

Accumulated credits so far are 2.87.

If the strangle gets to around 50% of what I sold it for (Oct 55/75 sold for 4.68), I’ll close it for an overall profit on an earnings trade gone rogue. But first things first, TTD needs to behave for a couple of weeks.

Rolled $TTD Sep 16 67 calls down to 60. Position is now a 60 straddle with 2.76 net credit from rolls and adjustments.

With the stock at 62.92 resetting strikes, rolling Sep 16 $TTD 75/65 inverted strangle to Sep 16 60/67 strangle @ 10.48 debit.

Previous trades:
Original (8/9): STO 45/65 strangle as an earnings trade @ 4.11
8/10: Rolled 45 puts up to 65 @ 3.20 credit
8/11: Rolled 65 puts up to 75 @ 3.70 credit
8/16: Added 80/85 bear call spread @ 1.21 credit

Sold $TTD Sep 20 80/85 bear call spread @ 1.21 with the stock around 73.40. Looks like it’s exhausted its post-earnings move up so I’m bringing premium against my inverted strangle (75/65).

With the huge post-earnings move (stock up over 33%), rolled Sep 16 45 puts up to 65 puts @ 3.20 credit. Position is now a short 65 straddle, with 7.31 total credit taken in.

Borrowing an idea from TastyTrade. Sold $TTD Sep 16 45/65 strangle @ 4.11. Earnings after the bell today.

Bought to close $ROKU Aug 19 60/55 bull put spread @ .47. Sold for 1.50 on 7/29.

BTO $SPY Aug 5 410 calls @ 3.94 for a daytrade. Looking for what could be that long forgotten Friday afternoon rally we used to see so much of before 2022. Will close out on a pullback, but definitely before the end of the day regardless.

Sold to open $ROKU 8/19 60/55 bull put spread @ 1.50

Looking for a big move here post announcement (likely 75 bps) and planning to fade whatever that move is after the dust settles. GDP report tomorrow as well which will probably be a confirmation that we’re in a recession. Or not…

Latest reading 9.90

Around 16.50, 15 minutes after the open.

Bought to close $MRNA Jun 17 150/160 bear call spread @ .24. Sold for 1.60 on 5/24.

The bloom is off the rose. Sell to open $MRNA Jun 17 150/160 bear call spread @ 1.60.

I’m thinking this could be a good level but with a huge price tag and a 20:1 split coming up I think I’ll wait until after it officially starts trading split adjusted on June 6. Once options open up I’ll probably look to sell something that would be 1,000-1,100 today so maybe 50-60 in mid June, with maybe a Jan 2023 expiration, if the stock doesn’t take off to the upside between now and then.

Currently 13.50

Sold to open $NFLX Jun 17 160/150 bull put spread @ 2.03

Post earnings bouncing off the lows, sold to open $BYND Jun 17 20/15 bull put spread @ 1.20

Got to around 12 today

Sold $SPOT Jun 17 90/80 bull put spread @ 1.85

The craziness seems to be slowing down. Sold to open $NFLX May 20 190/180 bull put spread @ 2.05 credit, short puts 22 delta. Price got down to -4 standard deviations.

Borrowing an idea from TastyTrade.
Sold $USO May 20 77/80/89 broken wing butterfly @ .90 credit.

Bought to close $TSLA Jun 17 600 put @ 4.35. Sold for 21.00 on 1/6. Taking it off for around 80% of the max profit a couple of months early.

Post-earnings sold to open $SNOW Mar 18 200/190 bull put spread @ 1.90

Rolled $TQQQ Feb 18 62.50 puts out to Mar 18 62.50 @ .85 credit

Sold to open $TQQQ Mar 18 40 puts @ 1.20

Rolled Feb 18 24 puts down and out to Mar 18 23 puts @ .40 credit with the underlying at 19.50

Bought to close Feb 18 150/140 bull put spread @ .60. Sold for 2.00 on 2/3.

Bought to open $VXX Feb 25 22 puts @ 3.11 with VXX around 20. Looking for further contract in volatility. VIX still above 22.

Post-earnings sold to open $SPOT Feb 18 150/140 bull put spread @ 2.00

And here comes the $VIX and /VX futures back down

$SPY On 1/13 I posted about a completed head & shoulder on the daily. If we just went with pure technicals/measured move then the projected moved down would have been around 23 points from the top of the head to the neckline. Going 23 points down from there to calculate measured move would bring us to around SPY 433. Currently trading near there at 432.50.

Of course this is a minimum measured move but still notable IMO. For what it’s worth.

Sold $NFLX Feb 18 350/340 bull put spread @ 2.55. IV rank 87.

Sold to open Mar 18 30/40 bear call spread @ 1.10

T2108

T2122

Bouncing around 14

Not that it’s much of a surprise but the futures have flipped to backwardation.
http://vixcentral.com/

$SPY Seeing what looks like the completion of a head & shoulder on the daily. Be careful out there.

Speculative trade/small position. Sold to open $AMZN Jan 28 3090/3080 bull put spread @ 1.80. Strikes are below the big flush/intraday low on 1/10. Expiration is prior to earnings.

Sold to open $TQQQ Feb 25 110 put @ 5.55

Rolled $TQQQ Jan 14 140 put down 15 points and out to 2/18 125 put @ 1.60 credit.

Bought to close $AMC Jan 21 22 puts @ 2.12. Sold for 2.30 on 12/17.

Bought to close $AMZN Jan 21 3150/3200/3800/3850 iron condor @ 26.55. Sold for 14.40 on 12/9.