BTO $BABA 8/13 8/6 210 call calendar @1.05 when $BABA is at 200. earning BMO with 5% IM.
BTO $OSTK 8/6 7/30 80 call calendar at 0.85. theoretical breakeven range 68-95
took 1/2 off for partial profit, 50% return on ENPH and 40% on TDOC
BTO $ENPH 8/6 7/30 160 put calendar @1.47
BTO $TDOC 8/6 7/30 150 put calendar @1
Not a typical earning calendar trade, and I am leaning a little on the bearish side given the market, but I like the wide range and the long leg likely can retain some value even if the stocks go to the moon.
targeting 2-3x returns.
STO $QQQ 7/30 350 puts @0.5 against Aug 350 puts, which was bought last week with average cost of 3.1.
BTO $SPX Jul-23-21 4325/Jul-26-21 4325 Put Calendar @ 4.5
BTO $QQQ Aug 350 puts 3.8
BTO $SPX Aug-13-21 4050/4000/3900 put BWB for 3.05 credit.
BTC $AMZN 7/30 3780/3800 @3.5, sold @6.8 earlier the week.
earning on the 29th.
STC $NEGG Aug/Jul 40 call calendar @4.15, bought at 3.2.
The bounce allowed for a small profit. Should have got out much earlier for a bigger profit when it came back down to 40.
Taking partial profit.
STC $SPX 4300 put calendar, Jul and Jul (AM), @1.65. bought for 0.85 and added some at 0.45.
STC $AMC Jul 35/30/20 put BWB for $0.8.
It was “bought” for 0.96 credit on 6/3, when AMC dropped from its initial spike
Holding onto a few as lotto
Where do you think would be a reasonable support for this stock in the next few weeks?
I am looking at Aug options for a possible credit spread.
STO $AMZN 7/30 3780/3800 @6.8
The market has been extended for a while, but it has been running up like no tomorrow. what I know ;-).
BTO $SPX 4300 put calendar, Jul and Jul (AM), @0.85.
Long the weekly expiration, and short the monthly (am) expiration.
Some of you may be able to make a sense of this than I can…
For Aug if one sells 40/20 BuPS and 20/40 BeCS, the total premium will be 23.3!
sounds like a no loss trade on the paper. what am I missing?
BTO $NEGG Aug/Jul 40 call calendar @3.2.
The strike is a pure guess, as long as it stays within the 30-60 range by next Friday
Took 1/2 off at 51% profit, @$12, bought for 7.8 last Friday.
BTO $SPX 6/25 4200/4175/4125 BWB for 1.8 credit
BTO $GME 6/25 6/18 250 call calendar for 7.8. target 12-18.
Closed the rest @6.2 , bought for 2.5, ~160% profit.
Took half off on the GME 220 calendar @7.6, 60% profit.
Not a typical earning trade.
Closed half the position of TSLA BWB, for added 0.2 credit. initially “bought” for $2 credit.
keeping half just in case TSLA drops towards 560 next week.
It will report AMC today.
If you have to throw a dart at a big board for GME price by Friday, where will you aim at?
BTW the straddle is valued at $65 at the moment.
joining the party late…
BTO $BIIB 6/18 6/11 400 put calendar @$2.5
BTO $TSLA Jun-18-21 575/560/530 put BWB @2.0 credit.
STC $ZM 6/11 6/4 325 calendar for 3.45, bought yesterday at 2.3.
Took partial off at 50% profit, while ZM hanging around 325.
BTO $ZM 6/11 6/4 325 calendar for 2.3
The max pain for ZM this Friday is 325, this trade has potential to make 4x, but I am looking for 1-2x
BTC half of NFLX June 460/470/550/560 IC at 1.5, sold for 3.2
BTO $SPX Jun-01-21 4160/May-28-21 4160 Call Calendar @4.5, soon after the close.
A little early, but that long weekend should be worth at least 4.5 in time premium, with a 125 point range for SPX to chop around.
Now SPX is close to the lower range for the day, so far…
STC $SPX May-21-21 4150/May-24-21 4150 Call Calendar 9.5
took most off. bought at 4.05 and added at 3.
Taking partial profit.
STC $SPX May-21-21 4150/May-24-21 4150 Call Calendar 6.95 with SPX on 4150 now. opened @ 4.05
BTO $SPX May-26-21 3970/3950/3910 BWB @1.9 credit
BTO $SPX May-21-21 4150/May-24-21 4150 Call Calendar @ 4.05
I generally opened it on Wednesday afternoon or Thursday, but the IV skew is just hard to pass on.
BTO $TSLA May-28-21 545/530/500 put BWB @1.1 credit.
Closed most of May-21-21 600/575/525 BWB for 1.7 additional credit, originally opened in April before the earning for 1.1 credit.
Took partial profit on some positions
STC $SPX 5/14 5/17 4150 calendar @8. BTO for 5.30 earlier the week.
BTC May-14 4090/4110/4250/4270 IC @4.5, STO @5.75 last week
BTO $SPX 5/14 5/17 4150 calendar for 5.30. Should be profitable as long as the market chops around in this 100 point range by Friday. max potential 4x.
BTO $TSLA May-28 670 / May-14 680 call diagonal for $10
BTO $SPX May-19-21 3950/3980/3890 BWB for 1.1 credit.
Jun/ May-07 80 put calendar @3.06, opened when $PTON was at 88. My original plan was to roll the weekly short leg and keep collection theta….
but I didn’t think it would get to 80 today, and I did some adjustment right before the close (chickened out?), took half off @4.7 (53%), and for the 2nd half, rolled long June 80 puts to May-14th, for 3.07 credit. That got my cost covered, and left with a “free” May 14/May 7 80 calendar.
With PTON taking a $10 swing after the hour, it would anyone’s guess where it will be tomorrow.
Still have the 60 put calendar.
BTO Jun/ May-07 80 put calendar @3.06.
Plan is to roll the weekly short leg, and take half off when 100% profit is reached.
STC remaining of $SPX 4/16 4170/4180/4200 call BWB @ 2.9 when SPX was at 4178.
STC $SPX 4/16 4170/4180/4200 call BWB @ 0.35 on half the position to reduce risk.
It was opened for 0.55 credit, so net profit 0.9 so far. Still looking for ~2 more from the rest.
Separately BTO 4150 put calendar 4/16 4/19, @4.5, for a possible pin. Have GTC orders for 50-150%, but will close by end of tomorrow regardless.
Adjustment to the June/Apr 70 call calendar.
Rolled 4/16 70 short calls to 4/30 75 for 0.23 credit, to make the spread into delta positive and theta positive again.
Scaled out the $GME Apr-23-21 145/Apr-16-21 145 Call Calendar at 30-50% profit.
It has pushed above the upper breakeven price at expiration.
BTO $SPX 4/16 4170/4180/4200 call BWB @-0.55
back to the old well…
BTO $GME Apr-23-21 145/Apr-16-21 145 Call Calendar @ 5.2
PoP 92%, in range of 120-180 with potential to make 200%. It will be choppy, and plan to hold at least into Thursday with scaling orders to take profit starting 25%.
BTO $LABU Jun-18-21 70/Apr-16-21 70 Call Calendar @ 6.5
STO $LABU May-21-21 55/50 Put Vertical @ 1.47 Limit
Started a new “long term” position. This might be still a little early but it’s getting close to support on the higher time frames.
Rolled the Put BF’s long leg 4050 to 4040 for 1.75 credit, into a BWB 4040/4025/4000.
The pullback in SPX wasn’t very big, and now pushed back above VWAP. Like to remove some risk.
Still holding the Call side BWB: 4115/4125/4145
The initial trade cost 1.4, now 0.35 credit. will exit each BWB at additional $1-2 credit.
BTO $LABU Apr-09-21 76/Apr-16-21 75 Call Diagonal @ 2.7
Thanks to the recent posts on LABU. There is decent IV skew for a 2 day trade. 68% PoP between 71-83, close enough to the recent low/high. targeting 50% return on the risk.
BTO $DDOG Apr-09-21 90/Jul-16-21 90 Call Calendar @ 7.95
BTO two $SPX 4/9 BFs
Call BWB: 4115/4125/4145 @ -0.6
Put BF: 4050/4025/4000 @2
Net cost 1.4, if SPX moves close to either short strikes it may start to see some profit.
BTO $SPX Apr-05-21 4075/Apr-07-21 4075 Put Calendar @11.4
PoP 71% in range of 4063-4087, max potential profit 47%. looking for 20%.
$GME Apr-01-21 180/Apr-09-21 180 Put Calendar bought at @ 13.08. This one wasn’t as easy as previous weeks, highest paper profit reached was 10%ish. Wanted to hold into later the day to extract as much decay from the short leg (It was $3 even when the stock was at 190 this am). Sold half at 13.42 in the last hr. For the remaining half, rolled into a 180/170/160 put BF for 12.1 credit, so the BF net cost $1. With how GME moves around, there “should” be opportunities to get out for some profit next week.
$V May-21-21 215/Apr-01-21 215 Call Calendar bought @ 5.1, rolled short leg to 4/9 217.5 for 0.42 credit
$XBI Apr-01-21 140/Jun-18-21 140 Call Calendar @5.9, rolled the short to 4/9 145 for 0.36 credit.
I closed almost all my credit spread trades, as remaining risk/reward drop below 1:0.2.
Have a nice weekend!
BTO $XBI Apr-01-21 140/Jun-18-21 140 Call Calendar @5.9
The biotech ETF has pulled back to 200 dma and bounced today. like to start building a poor man’s covered call in my IRA.
BTO $V May-21-21 215/Apr-01-21 215 Call Calendar @ 5.1
Saw some heavy buying and selling by funds last week, could be part of rebalancing. Like the bouncing off 200 dma. Earning on 4/23. Will roll the short calls if threatened. The long call should be free in a few weeks if V hanging here.
BTO $GME Apr-01-21 180/Apr-09-21 180 Put Calendar @ 13.08
Theoretical breakeven range 130-230, max profit 110%, will start scaling out from 25%.
Wow, can’t ask for a better close. Thought it would have been another side way day and took a walk and missed that round trip excitement. No complaints, some of my near total loss option trades turned out as decent winners.
If this completes the bottoming of the /NQ, next week could be a very nice week for the longs.
On the $SPX Mar-29-21 3950/Mar-26-21 3950 Call Calendar, bought at @ 3.9 and added at 2.35 on Wednesday. Scaled out at 4.9-10, average 183% profit.
$GME Mar-26-21 160/Apr-01-21 160 Call Calendar bought at 9 on Wednesday, sold at 11.5-12.9, average 30% return.
BTO Mar-29-21 3950/Mar-26-21 3950 Call Calendar @ 3.9
BTO $GME Mar-26-21 160/Apr-01-21 160 Call Calendar @9
looking to scale out at 25%-100%
$SPX 3/19 3/22 4000 calendar for 3.4. This forward testing trade didn’t workout, it was up 20% at one time. I sold 4010 for 0.25, with the BuCS currently worth 0.2, SPX has to move 50-60 points for it be profitable zone.
$IWM 3/19 3/26 220 calendar, on the other hand, worked out, bought for 0.93, sold at 1.37, 1.4, and the last batch at 1.84 this am.
$GME 200 weekly calendar was also a winner, bought at 14.7, scaled out at 19, 24.6 and 26.7.
Have a nice weekend all!
STO $AAPL 4/23 120/115 BuPS @1.8
Plan to add a BeCS later to make it into IC, unless profit targets reached.
BTO $SPX 3/19 3/22 4000 calendar for 3.4, max potential return 400%.
Near dated call options are getting more expensive. This structure today is providing a better RR, PoP, and breakeven range than the IB I typically trade.
BTO $AMZN Mar-19-21 3200/3250/3300 Call BF @2.9
A low prob trade on a potential reversal bounce.
Scaling out $ARKK 3/19 128 3/12 130 Call Diagonal, at 40, 75, and 110%.
Still holding onto a few for tomorrow.
BTO $ARKK 3/19 128 3/12 130 Call Diagonal 1.7
Using this ETF to trade the bouncing back of a basket of the momentum names.
Breakeven 120, no upside risk. max potential profit 240% if it lands on 130 on Friday. Looking to scale out starting at 50%
STO $TSLA Apr 610/500 BuPS @33.5
STO 3/5 35 puts @7.
If assigned will sell calls
STO Mar 30/40/50 Iron Butterfly @8.9
$GME Feb-26-21 100/Mar-05-21 100 Put Calendar was bought @15.45 yesterday.
First exit @$20, and the rest got stopped out at 16.5 when the stock hit below 88.
GME closed at 102. Would have been a nice pin if I had held onto them. Woulda-coulda…
Have a nice weekend everyone!
BTO $GME Feb-26-21 100/Mar-05-21 100 Put Calendar @15.45
STC partial $NVDA Feb-26-21 575/Mar-05-21 570 Call Calendar at 60% profit.
Targeting 100% and 150% for the remainders.
BTO $REGN May 470 calls @33.7 earlier
Horrible b/a, but like the stock at this level here, and wanted to limit the risk.
There are increase in option buying today for April expirations, I like May better, expires after the next earning.
BTO 10 NVDA Feb-26-21 575/Mar-05-21 570 Call Calendar 6.1
Somewhat for the bounce and for the earning premium this week.
No upside risk, downside below today’s low.
STC rest of $TSLA Feb-19-21 800/Feb-26-21 800 Call Calendar @15.1, bought yesterday for 10.4 and sold half at 13.5.