#ShortPuts – Adding.
Sold TQQQ SEP 17 2021 105.0 Put @ 2.00
Category Archives: Uncategorized
OSTK
#ShortPuts – New positions.
Sold OSTK SEP 17 2021 55.0 Puts @ .88
Sold OSTK SEP 17 2021 60.0 Puts @ 1.70
SPX trades
#SPX7dteLong Sold to close $SPX Aug 11th 4415/4395 put spreads for 2.25. Condors bought for 15.05 last Thursday. Saving call spreads to sell later today or tomorrow.
SOXL
#ShortPuts – Adding to the bottom and top of the ladder.
Sold SOXL SEP 17 2021 39.0 Put @ 2.00
Sold SOXL SEP 17 2021 42.0 Put @ 3.00
OLED
#ShortPuts – Filled post earnings. Had a small gain on it so threw a stop on at breakeven for safety. Hit today.
Bought to Close OLED SEP 17 2021 185.0 Put @ 3.00 (sold for 3.00)
OSTK
#ShortPuts -Taking decent profits from a lot of post earnings positions.
Bought to Close OSTK AUG 20 2021 60.0 Puts @ .28 (sold for 1.04 and 1.07)
Bought to Close OSTK AUG 20 2021 65.0 Puts @ .93 and .95 (sold for 2.00 and 2.07)
Bought to Close OSTK AUG 20 2021 66.0 Put @ 1.17 (sold for 1.90)
COIN
Sold 1 COIN Aug 13 2021 230.0 Diagonal Put at $1.27, adding to my position.
#Earnings after the close today
COIN earnings
#ShortPuts #Earnings – For lack of anything better to do. This was at the expected move when I sold it. Stock has dropped a little more since then.
Sold COIN AUG 13 2021 255.0 Put @ 4.70
INCY
Another #SP500 stock hits a 52-week low.
Bought a small bit at $75
VXX Puts
Bought VXX Oct 15 2021 19.0 Puts/ Sold VXX Aug 13 2021 27.0 Puts at $ 0.02 Credit
Bought VXX Oct 15 2021 18.0 Puts/ Sold VXX Aug 13 2021 26.5 Puts at $ 0.05 Credit
Short DTE = 3
Long DTE = 66
#VXXContango
TLRY Calls
Sold TLRY Aug 13 2021 15.5 Diagonal Calls at $0.30 to go along with my existing short 15.50 Puts for a straddle with a total credit of $1.48
TLRY at 15 for now.
AMC Calls
Sold AMC Aug 13 2021 36.0 Diagonal Calls at $2.29.
Stock at 33.50. #Earnings tonight
GTLS Put Close
#shortputs
$GTLS BTC 8/20 155 put at 1.00. STO at 8.00 on 7/21
TQQQ Put Close / TQQQ Put / PINS BNTX LABU NVAX TSLA Call
#shortputs
$TQQQ BTC 8/27 put at .40. STO at 1.72. Thank you @jsd501
$TQQQ STO 8/13 126 put at .30. Thank you @optioniceman
#coveredcalls
$PINS STO 8/13 60 call at .65
$BNTX STO 8/13 450call at 14.70
$LABU STO 8/13 62.50 call at 1.50
$NVAX STO 8/13 220 call at 3.80
$TSLA STO 8/13 735 call at 5.50
SPX trades
#SPX7dteLong Bought to Open $SPX Aug 13th 4410/4430-4440/4460 condors for 14.10, with SPX at 4434.
SLV long puts closed
Sold to close SLV Aug 20 2021 21 Puts at $0.20.
Bought these back on 5/23 at $0.17.
I’ve written against it at least 6 times, collecting at least twice the original cost.
#WinWin
TLRY
Sold TLRY Aug 13 2021 16.0 Covered Calls at $0.11 replacing similar calls that expired Friday
TQQQ,
STO September 24, 100 put at 1.94, I am selling only a half position because September can be a very bad month for the market.
COIN
Sold 1 COIN Aug 13 2021 305.0 Call at $5.79 and 1 COIN Aug 13 2021 230.0 Put at $1.00 for a total strangle premium of $6.79
VXX
Sold 1 VXX Sep 03 2021 30.0 Covered Call at $2.01
and
Sold VXX Aug 13 2021 27.0 Diagonal Puts at $0.13
TQQQ Puts
Sold TQQQ Aug 13 2021 126.0 Puts at $0.38.
Little risk because of my in the money short calls
SPY Iron Condor Ladder Update….not much return….yet
The SPY IC Ladder started in Feb has shown significant swings in profit (high of $8,000 to low of $(5,000)…. I would not call it a winning strategy just yet. Annualized return as of Friday was 6%…..not worth the capital at risk. To date I was primarily selling the 45 DTE IC’s (or when they became available) and closing them around 21 DTE. Typically selling body width of 30 and wing width of 10. I stopped selling if the IV dropped below 14 (more recent development). I was rarely achieving the 1/3 value of the wing spread that TT recommend. Currently letting the DTE run lower to see if it helps. I haven’t been doing a lot of “adjustments”…..at the cottage for the summer and the internet connection is a little painful for rolling SPY spreads.
If anyone is interested in the complete list of trades to analyze let me know and I would be happy to share.
Open positions in the bottom table. Would like to see a pull back as current price has pushed a couple of the short calls ITM.
#t sto T 6 AUG…
#t
sto T 6 AUG 21 27.5 PUT @.05 BATS /expired
sto 6 AUG 21 28 PUT @.15 BATS /assigned
Update on CFLT Position
Couple of weeks ago I posted about opening a new CC shortly after CFLT IPO. Stock price did go up after establishing the position only to start a sustained decline……until last week when the stock recovered.
Last week was an interesting time for the banks/analysts to come out with strong upgrades and new target prices pushing the price up …..considering the IPO lock up expires on Monday……
Little nervous heading into next week so we wrote ITM calls at $40 (Sep).
Position looks good today with a 54% annualized return…..might feel different next Saturday….hopefully not but can’t say I have a lot of trust in the bankers…….
Black line in the graph is the net of the stock and option profitability. They were mostly offsetting until the last week.
OptionsExpiration
Pretty good week:
Expired:
AMC 08/06/2021 28.0 Diagonal Puts
AMC 08/06/2021 26.0 Diagonal Puts
AMC 08/06/2021 25.0/10.0 Bull Put Spreads
COIN 08/06/2021 210.0 Diagonal Put
LABU 08/06/2021 65.0 Diagonal Call
LABU 08/06/2021 50.0 Diagonal Puts
TLRY 08/06/2021 23.0 Diagonal Calls
TLRY 08/06/2021 16.5 Covered Calls
TLRY 08/06/2021 16.0 Covered Calls
TNA 08/06/2021 94.0 Diagonal Call
TNA 08/06/2021 92.0 Diagonal Call
TNA 08/06/2021 77.0 Diagonal Put
TQQQ 08/06/2021 138.0 Diagonal Call
TQQQ 08/06/2021 141.0 Diagonal Call
TQQQ 08/06/2021 122.5/85.0 Bull Put Spread
TQQQ 08/06/2021 122.5/65.0 Bull Put Spread
VXX 08/06/2021 42.0 Diagonal Calls
VXX 08/06/2021 41.0 Diagonal Calls
VXX 08/06/2021 40.0 Diagonal Calls
VXX 08/06/2021 37.0 Diagonal Calls
VXX 08/06/2021 36.5 Diagonal Call
VXX 08/06/2021 35.0 Covered Calls
VXX 08/06/2021 34.5 Covered Calls
VXX 08/06/2021 28.0 Diagonal Puts #VXXContango
VXX 08/06/2021 27.5 Diagonal Puts #VXXContango
VXX 08/06/2021 27.0 Diagonal Puts #VXXContango
SLV Puts
Rolled SLV Aug 06 2021 23.0 Diagonal Puts to next week for a$0.10 Credit
Added new short SLV Aug 06 2021 22.5 Diagonal Puts at $0.30
AMC Puts and Calls
Sold AMC Aug 13 2021 24.0 Diagonal Puts at $0.40.
Bought to close AMC Aug 06 2021 31.0 Diagonal Calls at $2.67 (Sold on a roll last week at $7.91)
Sold Sold AMC Aug 13 2021 34.0 Diagonal Calls at $2.94, so a $0.27 Credit on a 3 point bump in the short strike
TLRY Put Rolls
Bought to close TLRY 08/06/2021 15.5 Puts at $0.97 (Sold last week on a roll at $1.27)
Sold TLRY 08/13/2021 15.5 Puts @ $1.19, so a $0.22 Credit.
Then near the close:
Bought to close TLRY 08/06/2021 14.5 Puts at $0.05 (Sold last week on a roll at $0.61)
Sold TLRY 08/13/2021 13.5 Puts @ $0.16, so a $0.11 Credit plus a point drop to an out of the money strike
VXX Put Rolls
At various times during a weak day in VXX:
Bought to close 1 VXX 08/06/2021 29.5 Put at $0.86 (Sold last week on a roll at $0.99)
Sold 1 VXX 08/13/2021 29.0 Put @ $1.06 so a 0.20 Credit and a half point lower strike
Bought to close VXX 08/06/2021 29.0 Puts at $0.36 (Sold last week on a roll at $0.68 and $0.72)
Sold VXX 08/13/2021 28.0 Puts @ $0.38, so a 0.02 Credit and a 1 point lower strike
Bought to close VXX 08/06/2021 28.5 Puts at $0.12 (Sold last week on a roll at $0.35)
Sold VXX 08/13/2021 27.5 Puts @ $0.29, so a 0.17 Credit and a 1 point lower strike
#VXXContango
SOXL Put Close / Expiration
#shortputs
$SOXL BTC 8/20 35 put at .20. STO at 2.10
#optionsexpiration
$T 28.5 call
$NVAX 192.5 call
$NVAX 250 call
$ARKK 124 call
$TSLA 720 call
$MRVL 60 put
Z post-earnings
Sold to open Sep 17 85 puts @ 1.20
#TastyTradeFollow
LABU
#CoveredCalls – Going another week.
Bought to Close LABU AUG 6 2021 60.0 Calls @ .14 (sold for 1.22)
Sold LABU AUG 13 2021 60.0 Calls @ 2.54
SPX trades
#SPX1dte Sold to open $SPX 4360/4380-4465/4486 condor for 1.05, SPX at 4434, IV 6.5%, deltas -.07 +.08
Expiring: 4350/4370-4465/4485 condors, sold yesterday for 1.05
Closing BYND calendar
Stock not cooperating. Sold Aug 6/Aug 13 122 put calendar @ 1.76 for a 21% loss.
ROKU
#ShortPuts – Back in…new position. Outside the expected move and near multi month lows.
Sold ROKU SEP 17 2021 325.0 Put @ 4.40
BYND post earnings
#ShortPuts – Took the quick scalp.
Bought to Close BYND SEP 17 2021 95.0 Puts @ .80 (sold for 1.20)
HOOD Sep
Sold Sep 17 40/30 bull put spread @ 3.05 with the stock at 53.63
OLED post earnings
#ShortPuts – Had this one sitting out there. Didn’t think it would fill. Selling the expected move with the stock already down 25 points.
Sold OLED SEP 17 2021 185.0 Put @ 3.00
LAZR
#CoveredCalls – Earnings next week. Covering early.
Bought to Close LAZR AUG 6 2021 19.0 Calls @ .01 (sold for .47)
Sold LAZR AUG 13 2021 19.0 Calls @ .50
BYND calendar
Trying a @Hawk trade.
Bought Aug 6/Aug 13 122 put calendar @ 2.23. Will be closed before end of day today.
AMC COIN Rolls
Rolled AMC 08/06/2021 31.0 Diagonal Calls to AMC 08/13/2021 34.0 Calls @ 0.27 Credit Plus a 3 point improvement in the strike
Rolled COIN 08/06/2021 245.0 Diagonal Call to COIN 08/13/2021 255.0 Call @ 2.01 Credit Plus a 10 point improvement in the strike
Rolled COIN 08/06/2021 247.5 Diagonal Call to COIN 08/13/2021 267.5 Call @ 0.10 Credit Plus a 20 point improvement in the strike
BYND earnings and post earnings
#JadeLizards #ShortPuts – Closing and opening.
Bought to Close BYND AUG 6 2021 110/120/123 Jade Lizards @ 1.00 (sold for 3.07)
Sold BYND SEP 17 2021 95.0 Puts @ 1.20
July Jobs report
#Jobs — July was another strong month, beating expectations
Gain of +943,000 non-farm payroll jobs, vs. expected gain of 845K.
Unemployment at 5.4%, down by 0.5
U6 unemployment at 9.2%, down by 0.6
Labor force participation 61.7%, up by 0.1
Wages up 0.4% for the month
June jobs revised up by +88K to +938K
May jobs revised up by +31K to +614K
BYND earnings
#JadeLizards – Just for fun. Playing for the expected move to the downside. No upside risk.
Sold BYND AUG 6 2021 110/120/123 Jade Lizards @ 3.07
SPX trades
#SPX7dteLong Bought to Open $SPX Aug 11th 4395/4415-4425/4445 condors for 15.05, with SPX ar 4419.
COUP
#BullPutSpreads – Seems to be trying to build a base. Taking a directional shot a couple weeks prior to earnings. Limited risk and still have the high IV of earnings to adjust into if needed.
Sold COUP AUG 27 2021 240.0/220.0 Bull Put Spread @ 14.25
SOXL
#ShortPuts – Adding. Come and get it. 🙂 🙂
Sold SOXL SEP 17 2021 41.0 Puts @ 2.30
ROKU post earnings
#ShortPuts – Taking half in a couple hours.
Bought to Close ROKU AUG 27 2021 330.0 Put @ 1.60 (sold for 3.60)
Bought to Close ROKU SEP 17 2021 325.0 Put @ 3.55 (sold for 6.30)
ROKU,
STO September 17, 325 put at 3.80, following Fuzzball.
LABU Put Roll / SPCE Put Close
#shortputs
$LABU BTC 8/6 62 put and STO 8/13 61 put at added credit of .45. Taken in $5.90 so far.
$LABU BTC 8/6 63 put and STO 8/13 61 put at even. Taken in $5.90 so far on this as well.
$SPCE BTC 8/6 31.5 put at 1.00. STO at 2,30. Thank you @fuzzballl
COIN long call closed
Sold to close 1 COIN Aug 13 2021 300.0 Call at $1.75.
This was an extra long position left over from an old diagonal spread from 2 weeks ago.
I’m fairly certain this would have expired next Friday.
I may try a new spread witb this as tbe short side.
AMC Puts
Sold AMC 08/13/2021 20.0 Puts @ $0.52.
Balancing out some short calls.
BAX FMC
Two #SP500 stocks hitting new yearly lows.
Bought a small bit of BAX at $84 and FMC at $95.
#FallingKnife
VXX Puts
Sold VXX Aug 13 2021 28.0 Diagonal Puts at $0.37.
My short Puts and short calls are now balanced out, at least until tomorrow’s expiration
ROKU post earnings
#ShortPuts – One in each account. Both at the expected move and below the 200 day.
Sold ROKU AUG 27 2021 330.0 Put @ 3.60
Sold ROKU SEP 17 2021 325.0 Put @ 6.30
HOOD
Weekly options now available up to 76
Monthly options now go to 170.
#spx #T Right at closing…
COIN
Sold 1 COIN Aug 06 2021 247.5 Diagonal Call at $2.53.
An added kicker to my last sale.
COIN up 13 points today
2DTE
SOXL,
BTC August 20, 25 puts at .05, sold at 1.43, nice to take the risk off early.
COIN
Sold 1 COIN Aug 06 2021 245.0 Diagonal Call at $1.66.
Paired with my short 210 Put for this week.
Total Strangle premium for this week at $2.51
AMC
Lowest price in several months today
Rolled 1 AMC 08/06/2021 23.0 Call to AMC 08/13/2021 24.0 Call at $0.05 Credit and added a point to the short strike.
Also sold 1 short 08/06/2021 25.0 Diagonal Put @ $0.38, adding to my position.
SPX trades
#SPX7dteLong Sold to close $SPX Aug 6th 4400/4380 put spreads for 5.70. Condors bought for 15.50 on Monday.
CPB
Bought a small bit of CPB at a new yearly low of $43
#FallingKnife
TQQQ
#ShortPuts – Keeping these on a short leash. Looking to load up Sep monthly on any weakness.
Bought to Close TQQQ AUG 20 2021 110.0 Put @ .75 (sold for 2.40)
Bought to Close TQQQ AUG 27 2021 100.0 Put @ .79 (sold for 2.10)
Bought to Close TQQQ AUG 27 2021 105.0 Put @ 1.03 (sold for 2.60)
Bought to Close TQQQ SEP 3 2021 95.0 Put @ .93 (sold for 2.10)
SPCE
#CoveredCalls – Last little scrap of 100 shares with no interest in getting stuck if it tanks on earnings. Taking small loss.
Sold SPCE Covered Stock @ 30.22 (basis 31.56)
SPX trades
#SPX7dteLong Bought to open Aug 9th $SPX 4390/4410-4420/4440 condors for 15.20, with SPX at 4415.
LVS Stock
Bought a small bit of LVS at $40.
New 52week low
#FallingKnife
VXX Puts
Sold VXX Aug 06 2021 28.5 Puts at $0.09.
Sold VXX Aug 13 2021 28.0 Puts at $0.27 & 0.32
Sold VXX Aug 13 2021 27.5 Puts at $0.17
Offsetting and paired up with some of the calls I’ve been selling.
COIN Put
Sold 1 COIN Aug 06 2021 210.0 Diagonal Put at $0.85
#OnlySpreads #DoubleDip
SOXL,
STO September 17, 35 put at 1.30
SOXL TQQQ
#ShortPuts – A few. SOXL starter and small adds to TQQQ.
Sold SOXL SEP 17 2021 40.0 Put @ 2.60
Sold TQQQ SEP 10 2021 105.0 Put @ 2.40
Sold TQQQ SEP 17 2021 97.5 Put @ 2.20
TAN,
STO August 20, 83 put at 1.10
VXX Calls
Sold VXX Aug 06 2021 34.0 Diagonal Calls at $0.52
Sold VXX Aug 06 2021 34.5 Diagonal Calls at $0.47
Sold VXX Aug 06 2021 35.0 Diagonal Calls at $0.36
#shortputsTQQQ Hi again, have not…
#shortputsTQQQ
Hi again, have not posted in a while as I have been concentrating on selling puts in TQQQ (and some LABU, TNA, SOXL.
Anyway, the TQQQ selling has been a success with about 100 trades over the past 5 months with about 9.25% gain.
Question… I’m not much of a “chartist” but it appears to me that TQQQ is in a classic pennant pattern; waiting for a breakout higher.
Your opinions are, as always, welcome.
Good luck to all
TQQQ Puts
Sold TQQQ Aug 06 2021 122.5 Diagonal Puts at $0.45
Pairs with the TQQQ Calls I sold yesterday
Options Bistro 