70 seems like good support and held up during yesterday’s selloff. STO Oct 15 70 puts @ 1.61.
Author Archives: Ramie
SPX iron condor
Sold $SPX Sep 22 4175/4200/4425/4450 iron condor @ 4.30
Coming back to the TQQQ party
Sold $TQQQ Oct 15 100 put @ 2.21
AAPL puts
Sold to open $AAPL Oct 15 135 puts @ 1.69, with the strike right around the 200 day moving average. If assigned, cost basis would be 133.31.
DOCU Oct
Accepting the 4.60 loss on the September 280/290/300 iron butterfly (adjusted from original iron condor) and reinitiating a trade in October based on technicals. Sold to open $DOCU Oct 15 260/250 bull put spread @ 1.85, short puts 25 delta.
#NotARevengeTrade
Rolling SKLZ
With the stock at 10.77, rolled $SKLZ Sep 17 12.50 puts out to Oct 15 12.50 puts @ .51 credit, dropping cost basis down to 10.84.
Closing LULU
Bought to close $LULU 9/17 450/460 bear call spread @ .17. Sold for 1.20 on 9/9.
TQQQ
Sold to open Oct 22 95 put @ 1.50
LULU post-earnings
Sold to open $LULU 9/17 450/460 bear call spread @ 1.20 with the stock coming off its post-earnings opening highs.
ABBV Oct
Sold to open $ABBV Oct 15 105 puts @ 1.62. Looks like the low from last week’s selloff could hold with the stock bouncing today. If assigned at 105, dividend yield will be around 5%.
Rolling DOCU
Rolled $DOCU 9/17 325/335 bear call spread down to 290/300 for 2.60 credit, to create an iron fly with the 290/280 bull put spread. Total premium taken in 5.40.
DOCU post-earnings
Post-earnings move up seems to be slowing down. Sold to open $DOCU Sep 17 280/290/325/335 iron condor @ 2.80. Short puts 22 delta, short calls 25 delta.
Closing ZM
Bought to close $ZM 9/17 270 put @ 1.15. Sold for 3.92 on 8/31. Thanks @fuzzballl !
SKLZ Sep
Sold to open $SKLZ 9/17 12.50 puts @ 1.15. Stock at 12.20.
TQQQ Sep
Sold to open:
$TQQQ Sep 10 110 put @ 1.60
$TQQQ Sep 17 100 put @ 1.40
NVDA Sep
Sold to open $NVDA Sep 17 180 puts @ 2.55, delta 17. Earnings next week. Strike is near the July lows, a level at which I wouldn’t mind taking assignment.
Z post-earnings
Sold to open Sep 17 85 puts @ 1.20
#TastyTradeFollow
Closing BYND calendar
Stock not cooperating. Sold Aug 6/Aug 13 122 put calendar @ 1.76 for a 21% loss.
HOOD Sep
Sold Sep 17 40/30 bull put spread @ 3.05 with the stock at 53.63
BYND calendar
Trying a @Hawk trade.
Bought Aug 6/Aug 13 122 put calendar @ 2.23. Will be closed before end of day today.
Closing AMAT
Bought to close $AMAT Aug 6 130/120 bull put spread @ .38. Sold for 2.45 on 7/8.
LABU Aug
Sold to open $LABU Aug 20 45 puts @ 1.05
TWTR earnings
Sold $TWTR Jun 23 61/78 strangle @ 1.49. Strikes are 2 standard deviations away. Expected move is around +/- 6 points with the stock at 69.60.
#tastytradefollow
Rolling NVDA
Rolled $NVDA Aug 13 900/910 bear call spread down to 840/850 @ .93 credit. Position is now 690/700/840/850 iron condor with 3.83 total premium taken in.
Closing long QQQ puts
Sold 7/23 363 puts @ 4.36. Bought for 3.71 yesterday. Taking profits for now, but will look to reinitiate on more weaknesss in the Nasdaq.
TQQQ Aug
STO $TQQQ Aug 20 105 put @ 2.14
TNA ladder
Sold to open:
$TNA 7/30 75 put @ 1.40
$TNA 8/13 70 put @ 1.77
$TNA 8/20 70 put @ 2.24
$TNA 8/27 65 put @ 1.91
NEGG assignment-palooza
As did most of us that put on this trade I got assigned in the 3 accounts in which I was able to execute this trade. Full assignments in 2 of the accounts and partial assignment in 1 of them. I closed the trade where I was fully assigned for .86 and .90 profit, and I covered the partial assignment, leaving a small position in that account with a bit of time value now in the 20 calls. If assigned again here (it’s an IRA) I will obviously have to cover immediately but let’s see what happens. Still profitable with all the craziness so once again thanks @Hawk.
NVDA IC
After today’s pullback, I’m trying a pre-earnings iron condor with IV elevated. Sold $NVDA Aug 13 (weekly) 690/700/900/910 iron condor @ 2.90 with the stock around 792.
AMAT put spread
Sold to open $AMAT Aug 6 130/120 bull put spread @ 2.45. Stock pulled back to support this morning and is bouncing. Earnings anticipated mid August so the 8/6 expiration looks safe.
TDOC Aug
Sold $TDOC Aug 20 145/135 bull put spread @ 2.05
#tastytradefollow
Shout out to Jeff
Everything okay with you and yours up in Portland? It’s supposed to be “cooling down” to only 96 today.
AMC strangle
Small position (1 contract). Sold Jul 16 40/145 strangle @ 9.67.
TLT call spread
Sold to open $TLT Jul 16 145/150 bear call spread @ 1.30
Closing SPY
I didn’t like the close today for my bearish SPY trade so I took it off for a loss in the extended hours session. Sold $SPY Jun 25 420 puts @ 2.05. Bought for 2.87 on Friday.
SPY long puts
Gap up into resistance and fading. With market at its highs looking for a bit of a pullback. Bought $SPY 6/25 420 puts @ 2.87. Will take off if the market does its recent Friday up thing in the afternoon but if not I will probably leave over the weekend to hedge for a Monday move down.
Closing BIIB
Just sold the last of the 6/11+6/18 400 put calendar @ 6.00 for 200% profit on this lot. Scaled out in 4 tranches with an average overall profit of 140%. I’ll take this any time. Thanks again for the awesome trade idea @Hawk!
Continuing to scale out of BIIB put calendar
Sold 6/11+6/18 400 put calendar @ 5.00 for 150% profit on this lot. I have now taken 60% of my position off and will hopefully be completely out by later today or tomorrow. It’s been a terrific trade, thank you @Hawk.
Most shorted stocks
Zero Hedge is talking up how profitable it would have been to buy their most shorted stocks back in January at the beginning of the meme hype. Here is their latest list. https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again
BIIB partial profits
Sold to close 6/11+6/18 400 put calendar @ 3.00 for 50% profit on a small portion of my position. Still holding on to most of it, planning to scale out at higher profit targets.
$BIIB
Wow
Rolling Jan TSLA
Rolled $TSLA Jan 21 2022 200 put up to 300 put @ 6.50 credit. Total premium now 11.65.
Rolling TSLA
Rolled profitable Jun 18 short 415 put up and out to Jul 2 500 put (12 delta) @ 5.83 credit
GME iron condor
Looking for some consolidation for a few days here after this runup. Sold to open $GME Jun 4 180/190/300/310 iron condor @ 2.40 with the stock around 240. A bonus day of time decay with the short week next week.
Closing IWM
Bought to close $IWM Jun 18 203/210/242/249 iron condor @ 2.05 for 50% of the profit (sold for 2.10)
TQQQ
STO $TQQQ May 28 80 puts @ 1.20
Closing SNAP
Taking advantage of the move up to get out of the $SNAP May 21 45/53/65/72 iron condor @ 1.47. Sold for 1.86.
TSLA Jan
Sold to open Jan 21 2022 200 put @ 5.15.
TSLA June
Sold to open $TSLA Jun 18 415 put @ 5.30. Premium is a bit better right now.
TQQQ June
Sold $TQQQ Jun 18 65 put @ 1.80
TSLA July
Sold to open $TSLA 7/16 400 put @ 5.64
IWM IC
Sold to open $IWM Jun 18 203/210/242/249 iron condor @ 2.10. Small bearish bias. Taking in 30% of the strike width.
PINS Put Spread
Looks like the post-earnings selling might be slowing down. Sold to open $PINS Jun 18 60/55 bull put spread @ 1.05.
FB Iron Condor
Post-earnings after the morning pop, sold to open $FB May 21 300/310/340/350 iron condor @ 3.30
Closing AXP
Bought to close $AXP May 21 135 puts @ .44. Sold for 1.35 on Friday.
SNAP Iron Condor
It looks like the selloff after this morning’s gap may be over. Sold $SNAP May 21 45/53/65/72 iron condor @ 1.86. The wings are uneven (8 wide on the put side/7 wide on the call side) only because of strike availability in the May monthly expiration.
AXP May
Sold to open $AXP 5/21 135 puts @ 1.35. Post-earnings with IV still elevated.
JMIA Iron Condor
Sold $JMIA 5/21 20/25/40/45 iron condor @ 1.58 with the stock at 30.15. Short puts are much closer than short calls but because of call skew this is more delta neutral/slightly bullish.
Looking for pin candidates for today?
Found this list on Zero Hedge: https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move
AMZN roll up
With the call side (3250/3260 bear call spread) of my iron condor getting breached, rolled $AMZN Apr 16 3100/3090 bull put spread up to 3250/3240 @ 3.91 credit. Position is now a 3240/3250/3260 iron fly with total premium taken in 8.76/max loss 1.24.
LABU
Jumping on the train with y’all. Sold $LABU May 21 60 puts @ 3.60.
Closing May LABU
Bought to close 5/21 45 puts @ .80. Sold for 2.60 on 3/29.
AMZN adjustment
With the call side (3250/3260 bear call spread) of my iron condor getting tested, rolled $AMZN Apr 16 2910/2900 bull put spread up to 3100/3090 @ 1.35. Total premium now 4.85/max loss 5.15.
LABU May
Sold to open $LABU May 21 45 puts @ 2.60
AMZN IC
Sold $AMZN 4/16 2900/2910/3250/3260 iron condor @ 3.50. Leaning a bit long with short puts at 26 delta, short calls at 17 delta.
TQQQ
Sold to open $TQQQ 4/23 70 puts @ 2.20
Closing ORCL
Bought to close $ORCL 4/16 65 puts @ .64. Sold for 1.92 on 3/11.
Closing EWZ
Bought to close $EWZ Apr 16 30/35/36 jade lizard @ .80. Sold for 1.27 on 3/1.
Closing TSLA
Bought to close $TSLA 3/19 600/590 bull put spread @ .34. Sold for 2.00 on 2/23.
Closing CGC
Bougth to close $CGC 3/19 32.50/27.50 bull put spread @ .36. Sold for 1.11 on 2/18.
BIDU Iron Condor
Sold to open 4/16 210/220/310/320 iron condor @ 3.11.
Closing ARKK
Bought to close 3/19 110.96 puts @ .75. Sold for 2.40.
ORCL post-earnings
Sold 4/16 65 puts @ 1.92 with the stock at 66.34
GME iron fly
Sold $GME 3/12 235/240/245 iron fly @ 4.90. Almost risk free (.10 max loss) with a very slim profit probability.
TQQQ
Following @jsd501 and @fuzzballl out of of some of these to take some risk off.
BTC March 19 50 puts @ .10.