Sold $GME 2/19 90/100 bear call spread @ 1.30

Sold $GME 2/12 85/90 bear call spread @ 1.24

Sold $GME 2/5 170/180 bear call spread @ 1.20

Sold $GME 2/5 300/310 bear call spread @ 2.25 with the stock around 235.

I was trying to game this a little (yeah yeah I know). With the spreads getting better that they were yesterday I decided to sell an iron butterfly for next week but legged into them to see if I could get more than the spread width, or match. It. Got filled on the $GME 2/5 195/190 bull put spread @ 2.62 and the 195/200 bear call spread @ 2.36, so total premium 4.98. Basically a free trade with a very narrow window/probability of profit. But I may be able to get out early in the week if the stock comes back down to 200. We’ll see.

https://www.reuters.com/article/gamestop-white-house/white-house-monitoring-situation-involving-gamestop-other-firms-idUSW1N2JO04B

From the article:
Shares of both GameStop and AMC Entertainment Holdings more than doubled on Wednesday, forcing hedge funds to take heavy losses and sparking calls for scrutiny of anonymous stock market trading posts on social media.

Are they serious????? Aren’t all posts on social media pretty much anonymous? Do any of you know who I am? Unbelievable.

Against my in the money 1/29 195/200 bear call spread, sold 1/29 195/190 bull put spread for 2.00. Total premium in 1/29 now 4.00.

As a more stable way to get short GME, which has now become too big a percentage of the holdings (6% now?). Maybe some bear call spreads in Feb or March.

Bought to close $FSLY 2/19 80/70 bull put spread @ .50. Sold for 3.62 on 1/7.

Sold $GME 2/19 135/125 bull put spread @ 5.00, against the 190/200 bear call spread I sold yesterday for 1.50. Total premium 6.50, reducing max loss on this one to 3.50. Will likely do another roll to minimize or possibly eliminate the loss.

Sold to open $ABNB 3/19 135 puts @ 4.70. Delta 14. Looking to get long at a basis around 130, below the early Jan lows.

Sold $SPX 1/22 3755/3780/3890/3915 iron condor @ 4.20. Short strikes both at 15 delta. SPX currently trading at 3843.76.

Bought to close $TDOC 2/19 200/190 bull put spread @ .55. Sold for 2.53 on 1/7.

Bought to close $TQQQ 1/29 125 puts @ .18. Sold for 1.10 on 1/11.

Filled right before the close. Never traded this one but I wouldn’t mind being long at/below the 50 day moving average. Sold 2/19 120.96 puts @ 2.40 with the stock at 145.30. Delta 15.

Sold $TQQQ 2/5 125 put @ 1.35

Sold $OXY 2/19 16/19/25/28 iron condor @ 1.00. Collecting 1/3 the width of the strikes. Stock at 22.16.

Bought to close the adjusted position, now 1/8 3765/3790/3805/3830 iron condor @ 9.215 for a modest loss.
Original premium from 3640/3665/3805/3830: 4.05 credit
Rolled put spread side to 3760/3735: 2.00 credit
Rolled put spread side to 3790/3765: 2.30 credit
Total credit taken in: 8.35
Debit to close: 9.215
Loss: .865

Considering where /ES was overnight, I’m lucky to be out for this close to breakeven.

Sold 2/19 280 put @ 3.10. Earnings not expected until after Feb expiration. Delta 14.

May be a bit early but stock is up over 6% today (at 86.67) and looking like it’s bouncing off the lows. Sold $FSLY 2/19 80/70 bull put spread @ 3.62. Short puts 34 delta.

Strong move today. Sold $TDOC 2/19 200/190 bull put spread @ 2.53. With the short puts at 25 delta, right at support.

Sold $SPX 1/8 3640/3665/3805/3830 iron condor @ 4.05. Short puts 14 delta, short calls 13 delta.

$TQQQ 12/31 135 puts
$TQQQ 12/31 142 puts
$UVXY 12/31 12/17 bear call spread
$AMZN 12/31 2950/2940 bull put spread

Happy New Year everyone! Wishing a great, healthy, prosperous 2021 to the Bistro family.

Sold $SQ 2/19 180 put @ 5.00

Bought to close $DOCU 1/15 185/195/260/270 iron condor @ 1.23. Sold for 2.95 on 12/9.

Sold $ZM 1/15 330/340/450/460 iron condor @ 3.35. IV rank 42.

Got back to my desk and saw that this closing order was filled. Bought to close $ZM 12/18 350/360/460/470 iron condor @ .50. Sold for 2.89 on 12/3.

Sold $DOCU 1/15 185/195/260/270 iron condor @ 2.95 with the stock trading around 225. Short puts 17 delta, short calls 22 delta. IV rank 31.

Bought to close $DOCU 12/18 260/270 bear call spread @ .55. Sold for 1.90 on 12/4.

$DOCU looks to be getting all tuckered out from all the earnings excitement and looks to be needing a little break. Sold 12/18 260/270 bear call spread @ 1.90 with the stock at 244.80.

Today’s candle kinda resembling a tombstone doji, with the current pricenot too far from the lows/bottom of the AM post-earnings gap. IV rank is 33.

Sold $ZM 12/18 350/360/460/470 iron condor for 2.89. Stock around 410. A couple of notes of caution. Liquidity isn’t great in this so that is informing my position size. Also, with the fact that expiration is close (around 2 weeks) it will not leave a lot of time for adjustments if the stock moves strongly again in either direction. But IV rank is 43 so if the stock movement calms down I would expect some IV contraction that will help this position.

Sold 1/15 360/350 bull put spread @ 2.60

Sold $SPX 12/2 3505/3530/3660/3685 iron condor @ 4.30. Short puts 13 delta, short calls 15 delta.

Sold 12/18 185 put @ 2.25

Bought to close $BOIL 12/18 60/70 bear call spread @ .10. Sold for 1.30 on 8/5. Nice profit but almost 4 months to get there even as the underlying was mostly trending down since August. Low liquidity played a big part as well, not allowing me to get out for a decent price. Finally able to take it off today. Barring any crazy moves in nat gas, I will probably avoid this one going forward.

BTC 12/4 155/177.50 strangle (earnings trade) @ 1.87. Sold for 4.11 yesterday.

Bought to close $DOCU 11/20 180/190/250/260 @ 1.59 for around 47% of the profit. Sold for 3.00 on 10/22. With the recovery since mid yesterday and the stock now above 204, I took the opportunity to get out for a profit. IV has increased since I sold this which is of course the opposite of what I wanted but enough time decay has happened so theta beats vega this time.

Not political, just observing that Mitch McConnell’s comments about Trump’s legal fight(s) may have gotten some notice: https://www.zerohedge.com/political/mcconnnell-backs-trump-push-recounts-says-shouldnt-accept-election-results-media

Things could get hairy for a while in the markets before they calm down if election uncertainty gets priced back into this again.

Rolled $ADBE 11/20 470/460 bull put spread up to 485/475 @ 1.40 credit. After multiple rolls on both sides of this original iron condor, the position has now been adjusted to ultimately become an iron butterfly with total premium collected of 7.30. With wing widths of 10 points, that leaves the max loss at 2.70 which I am okay to sit with through expiration. I will probably put a GTC order in probably for somewhere around 7.00 to get out of this wild garden hose of a trade for near breakeven.

Sold $SPX 11/6 3300/3325/3530/3555 iron condor @ 4.20. Short strikes at 12 delta.

Rolled $ADBE 450/440 bull put spread up to 470/460 for 1.12 credit. Part of iron condor with 485/495 bear call spread (which has previously been rolled down). Total premium taken in now 5.91.

Rolled $ADBE 550/560 bear call spread down to 485/495 for 1.35 credit. Part of iron condor with 450/440 bull put spread. Total premium taken in 4.79.

Rolled $ZM 560/570 bear call spread down to 500/510 for 1.55 credit. Paired with 460/450 bull put spread. After two roll downs of the bear call spread side, total premium taken in is now 5.79.

Expiring today: $SPX 10/30 3190/3215/3375/3400 iron condor

Rolled $ZM 680/690 bear call spread down to 560/570 for 1.10 credit. Paired with 460/450 bull put spread for an iron condor which I originally sold for 3.14 on 10/16. Total premium now 4.24.

Sold $BIIB 12/18 215/200 bull put spread @ 5.25. IV rank 83.

Sold 11/20 90 put @ 3.70

Sold $MMM 12/18 150 puts @ 3.55. Willing to take assignment at a cost basis of 146.45, which is below the lows from August.

Sold 11/20 430/440/545/555 iron condor @ 2.80

Sold $DOCU 11/20 180/190/250/260 iron condor @ 3.00. Short strikes both around 19 delta. Earnings not expected until after expiration. IV rank 32.

Sold $NFLX 11/20 455/445 bull put spread @ 2.42.

Sold $ZM 11/20 450/460/680/690 iron condor @ 3.14. IVR 43. Earnings not expected until after Nov expiration.

Sold $ADBE 11/20 440/450/550/560 iron condor @ 3.44. Short strikes both at 21 delta. Stock now around 497, trading near the middle of the recent range. IV rank 30. Earnings not expected until after opex.

Bought to close $ADBE 10/16 450/460/510/520 iron condor @ 2.52.

Position was originally 420/430/510/520 and put spread was rolled up to 450/460. Total premium taken in 4.29, so 1.77 profit (57% of the premium for the original trade).

Bought to close $NVDA 10/16 470/480/590/600 iron condor @ .95. Sold for 2.65 on 9/29.

Bought to close $AMZN 10/16 2650/2700/3500/3550 iron condor @ 2.40. Sold for 14.39 on 9/11.

Sold $TQQQ 11/16 85 puts @ 4.50

Adjusting $NVDA 10/16 430/440/550/560 iron condor with the stock around 543. Rolled 440/430 bull put spread up to 505/495 @ 1.83 credit. Short puts 22 delta. Total credit in trade now 5.21.

Bought to close $NFLX 10/16 465/455 bull put spread @ 1.58. Sold for 3.45 on 9/21.

Sold $NVDA 10/16 470/480/590/600 iron condor @ 2.65 with the stock around 530. Short strikes around 16 delta. IV rank 35.

$ADBE Adjusted my 10/16 420/430/510/520 iron condor. Rolled the 430/420 bull put spread up to 460/450 for 1.18 credit. Stock at 490.77 and looking pretty strong. Total premium now 4.29.

Sold to open $NVDA 10/16 430/440/550/560 iron condor @ 3.38

Sold $ADBE 10/16 420/430/510/520 iron condor @ 3.11. Short strikes around 20 delta. IV rank 39. My only issue with this trade is the liquidity is good but not great.

Bought to close $DOCU 10/16 180/170 bull put spread @ .90. Sold for 2.28 on 9/11.

Sold to open $NFLX 10/16 465/455 bull put spread @ 3.45. Short strike 36 delta. IV rank 32.

Sold to open $PYPL 10/16 170 puts @ 3.80. Stock is up nicely on a really weak day in the market. Delta 27, IV rank 41.

There was a good article this weekend in Barron’s on how Covid killed cash (it was on its way out before all this but the pandemic is just speeding things up). Some interesting takes on how to play it with $PYPL getting the most positive mentions. They also like $SQ $V and $MA among others. $PYPL and $SQ are both up today, not being dragged down by the ties to pandemic-reduced transaction volume that $V $MA have.

An alternative trade: 10/16 170/160 bull put spread for around 2.00.