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.
Category Archives: Uncategorized
VXX Calls
Sold VXX Jun 18 2021 35.0 Covered Calls at $0.39 with the stock @ 31.50
CLX
Added a tiny bit of CLX stock at 174.46 – a new 52week low
SPX trades
#SPX7dteLong Sold to close $SPX June 16th 4235/4215 put spreads for 6.00. Condors bought last Thursday for 14.45. Will sell call spreads in an upswing.
TQQQ
#BullPutSpreads – Staying involved in case it breaks out to all time highs. If it implodes I’ll take stock at a basis only 2.10 higher than whatever it drops to.
Sold TQQQ JUL 2 2021 115.0/110.0 Bull Put Spreads @ 2.90
TQQQ,
STO June 25, 110 put at 3.90 for a small trade. Come and get me mister market.
SLB
Sold SLB Jun 18 2021 36.0 Diagonal Calls at $0.27 replacing last week’s 35.0 Calls that I covered for a penny on Friday.
TQQQ
Sold 1 TQQQ Jun 18 2021 112 Call at $1.15 against some long calls left over from earlier diagonal spreads.
#DoubleDip
GME
Couldn’t decide whether to dump the long left over from the 260/400 diagonal call spread that I had when the short 260 expired Friday or to write against the 07/02 400.0 long call, but I finally decided on a #DoubleDip re-write.
Sold 1 GME Jun 18 2021 280 Call at $12.00
TQQQ,
STO July 30, 75 put at 1.05 in my IRA
TQQQ,
BTC June 18, 45 puts at .01, sold at 1.28
VRTX makes the watch list
#FallingKnife on my radar now that it has blown below it prior low.
Along with CLX, I’m also watching COG, COIN, and KMB for attractive entry points at or below the old lows.
OptionsExpiration
GME 06/11/2021 260.0 Diagonal Call
SLV 06/11/2021 24.5 Diagonal Put
SQQQ 06/11/2021 12.0 Covered Call
TLRY 06/11/2021 20.0 Covered Calls
TLRY 06/11/2021 24.0 Diagonal Calls
UVXY1 06/11/2021 4.0 Covered Calls
VXX 06/11/2021 36.0 Covered Calls
VXX 06/11/2021 36.5 Covered Calls
VXX 06/11/2021 46.0 Covered Calls
VXX 06/11/2021 46.0/57.0 Bear Call Spreads
VXX 06/11/2021 48.0/75.0 Bear Call Spreads
TLRY
Rolled some Puts and some Calls
Rolled TLRY 06/11.2021 24.0 Puts down to the TLRY 06/18/2021 23.50 Puts @ 0.05 Credit
Rolled TLRY 06/11/2021 17.50 Calls to TLRY 06/18/2021 17.50 Calls @ 0.15 Credit
Rolled TLRY 06/11/2021 18.50 Calls to TLRY 06/18/2021 19.0 Calls @ 0.24 Credit
VXX Put roll
Rolled my last put for the week down a strike.
Bought to close 1 VXX 06/11/2021 32.0 Put / Sold 1 VXX 06/18/2021 31.5 Put @ 0.50 Credit
WFC Calls
Rolled out 1 WFC 06/11/2001 44.0 Call to the WFC 06/18/2021 44.0 Call @ 0.10 Credit
Rolled up WFC 06/11/2001 45.0 Calls to the WFC 06/18/2021 45.5 Call @ 0.02 Credit
Rolled up WFC 06/11/2001 45.5 Calls to the WFC 06/18/2021 46.0 Calls @ 0.02 Credit
WFC ended the week at 45.68 so at least some of these are now out of the money
SPX trades
#SPX1dte Sold to Open $SPX June 14th 41890/4200-4270/4290 iron condors for 1.05, SPX at 4239, IV 6.7%, deltas -.10 +.07. Getting aggressive on deltas as we’ve been trading in a tight range and premium is pretty low. It is working and will continue to work, until it doesn’t!
EL Call Closed / RBLX Call Roll
#coveredcalls
$EL BTC 6/18 310 call at .20. STO at 1.60 on 6/8
$RBLX BTC 6/18 88 call and STO 7/2 92 call at even. Been at this a while. Still at a debit of $6 but have moved strike up from 79. Stock now at 92.42. Should call the whole thing off soon.
#TQQQ BTC 25 JUN 80…
BTC 25 JUN 80 PUT @.22 /sto for 1.30
BTC 2 JUL 84 PUT @.57/sto for 1.90
BTC 16 JUL 80 PUT @.92 / sto for 2.26
BTC 23 JUL 85 PUT @1.68/ sto for 2.61
getting out and can always reload later.
TQQQ,
STO July 30, 75 put at 1.17
TQQQ
#ShortPuts – Approaching all time highs again and a nice looking triple top. Taking 65 percent 5 weeks early. I’ll be looking to add around the 200 day on next weakness. Start around 90 strike and work down from there.
Bought to Close TQQQ JUL 16 2021 80.0 Put @ .89 (sold for 2.27)
Bought to Close TQQQ JUL 16 2021 81.0 Put @ .96 (sold for 2.75)
Bought to Close TQQQ JUL 16 2021 82.0 Put @ 1.02 (sold for 2.95)
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.
LABU
#ShortPuts – One little red bar today after a big run but you’ve gotta start somewhere. Come and get it Mr. Market.
Sold LABU JUL 16 2021 60.0 Put @ 2.55
COUP PINS ROKU SNOW SPOT
#ShortPuts #CoveredCalls – Closing and opening.
COUP: Post earnings quickie.
Bought to Close COUP JUL 16 2021 195.0 Put @ 1.75 (sold for 4.20)
PINS:Expiring. Already sold next batch.
62.0 Puts (sold for .90)
ROKU: Still holding a little stock covered. Booking the rest.
Bought to Close ROKU JUN 18 2021 315.0 Put @ .65 (sold for 5.10)
Bought to Close ROKU JUN 18 2021 320.0 Put @ 1.02 (sold for 6.50)
SNOW: Booking and reloading.
Bought to Close SNOW JUN 18 2021 220.0 Put @ .85 (sold for 3.30)
Bought to Close SNOW JUN 18 2021 225.0 Put @ 1.50 (sold for 4.90)
Sold SNOW JUL 16 2021 215.0 Put @ 4.40
Sold SNOW JUL 16 2021 220.0 Put @ 5.50
SPOT: Covered rolling another week. Old earnings trade with even as the goal.
Rolled SPOT JUN 11 2021 235.0 Call to JUN 18 2021 235.0 Call @ 1.50 credit
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!
MSFT,
STO August 20, 240 put at 3.80
GS BUPS Close / REGN Put Close
#bups
$GS BTC 6/18 350/360 BUPS at .20. STO at 2.97
#shortputs
$REGN BTC 6/18 at .40. STO at 4.20. Thank you @fuzzballl
VXX Put rolldowns
Rolled 1 VXX Jun 11 2021 33 Put to next week’s VXX Jun 18 2021 32 Put at $0.03 Credit
Rolled 1 VXX Jun 11 2021 34.5 Put to next week’s VXX Jun 18 2021 34 Put at $0.17 Credit
Rolled 1 VXX Jun 11 2021 35 Put to next week’s VXX Jun 18 2021 34.5 Put at $0.09 Credit
Still have a 32.0 put left to cover or roll Friday
SPY IC Ladder Update…continuing to improve
CRWD,
STO JUly 16, 200 put at 2.10
VXX Covered Calls
Rolled VXX Jun 11 2021 37 Calls to VXX Jun 18 2021 37.5 Calls at 0.33 Credit
SPX trades
#SPX7dteLong Bought to Open $SPX 4215/4235-4245/4265 iron condor for 14.45, with SPX at 4237.
VXX Long Puts
Sold a small part of my long
VXX1 06/18/2021 8.0 Puts @ $.030 and 0.35.
Bought them on 01/15/20.21 at $0.09 as the long part of a diagonal spread.
I will probably hang on to the rest and will likely exercise them next week to dump some on my long stock since they are in the money
GME Rollup
Bought to close 1 GME 06/11/2021 235.0 Call / Sold 1 GME 06/18/2021 260.0 Call at $5.05 Credit.
Pushed the short strike out of the money for next week with a nice cash flow.
I still have one more 260 call expiring tomorrow. It’s written against a Jul 02 long positions so I’m going to let it play out.
GME – closing a diagonal
Bought to close 1 GME 06/11/2021 260.0 Call / Sold to close 1 GME 06/18/2021 310.0 Call @ 0.05 Credit
I’ll have to do some research to calculate the final gain because I rolled the short twice for a credit, and got a credit on the original spread.
So a #WinWin trade with a credit in and a credit on the way out.
LABU
#ShortPuts – Completely out of this one now. Nice run and trading near high of the day so taking them a week early. Ready to reload next down day.
Bought to Close LABU JUN 18 2021 63.0 Put @ .54 (sold for 2.70)
Bought to Close LABU JUN 18 2021 64.0 Put @ .65 (sold for 2.45)
Bought to Close LABU JUN 18 2021 65.0 Put @ .75 (sold for 2.30)
Bought to Close LABU JUN 18 2021 66.0 Put @ .90 (sold for 2.70)
COUP earnings
#ShortPuts #Earnings – Getting a little bounce today so taking over half. Still holding the post earnings July 195 strike.
Bought to Close COUP JUN 11 2021 220.0 Put @ 1.50 (sold for 3.70)
VXX
Bought to close VXX Jun 11 2021 46 Calls at $0.01
PINS
#ShortPuts – Replacing some that look safe tomorrow.
Sold PINS JUL 9 2021 60.0 Puts @ .95
SPX trades
#SPX7dteLong Sold to Close $SPX June 14th 4225/4205 put spread for 5.80. Condors bought for 14.75 on Tuesday. Looking for a bounce back up to close call spreads.
MNMD
#BullPutSpreads – Filled on the rest of the long 2.5s.
Final position:
Sold MNMD JUL 16 2021 5.0/2.5 Bull Put Spreads @ 1.63
TNA
#ShortPuts – Haven’t been in this one in a long time. Throwing a starter out there down near the 200 day and outside the expected move.
Sold TNA JUL 16 2021 75.0 Put @ 1.50
LAZR
#ShortPuts – Slowly buy surely.
Bought to Close LAZR JUN 11 2021 20.5 Put @ .05 (sold for 1.35)
Bought to Close LAZR JUN 11 2021 21.0 Put @ .05 (sold for 1.66)
Sold LAZR JUL 2 2021 21.5 Put @ 1.10
Sold LAZR JUL 2 2021 22.0 Put @ 1.30
VXX Long Puts
Sold a small part of my long
VXX1 06/18/2021 9.0 Puts @ $1.07. Bought them on 01/20 at $0.25 as the long part of a diagonal spread.
I will probably hang on to the rest and will likely exercise them next week to dump some on my long stock since they are in the money
TQQQ,
BTC June 11, 70 put at .01 , That is all for this week.
MNMD
#ShortPuts – Whiz trade.
Sold MNMD JUL 16 2021 5.0 Puts @ 1.80
Then on my own in addition to his trade:
Bought MNMD JUL 16 2021 2.5 Puts @ .17 (only got a partial)
ALB Put Roll Up / TQQQ Put
#shortputs
$ALB BTC 6/18 160 put and STO 6/18 165 put at added .55 credit
$TQQQ STO 7/16 85 put at 1.90
VXX – more covered calls
Sold to Open:
VXX Jun 18 2021 37.5 Call at $0.81
VXX Jun 18 2021 37.0 Call at $0.86
VXX Jun 18 2021 36.5 Call at $0.94
#OptionLadder
LABU
Closing my last short position in this name
Bought to Close 1 LABU Jun 11 2021 55.0 Put at $0.05. It won’t trade any lower.
Sold this at $3.25.
I’m left with some long September Puts at 35 and 40 that are free lottery tickets because I recovered the cost with my initial writes against them at the time of purchase.
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.
TQQQ,
STO January 2022, 40 put at 2.10
CHWY earnings question
@Hawk Is this something that could work? Set the trade prior to the event. I know we did BIIB after the announcement but can the same theory work prior? What’s my biggest risk in something like this? Earnings tonight.
Sell Jun 11th 80 put and Buy Jun 18th 80 put @ about .70 debit
VXX Covered Calls
Only a couple of days until expiration so scalping some short term premium.
Sold to Open:
VXX Jun 11 2021 37.0 Call at $0.21
VXX Jun 11 2021 36.5 Call at $0.24
VXX Jun 11 2021 36.0 Call at $0.29
#OptionLadder
WFC early rollup
Used this morning’s weakness to adjust a short call.
Bought to close WFC Jun 11 2021 45.5 Calls at $0.74. Sold these last week on a rollout at $1.42
Sold to Open WFC Jun 18 2021 46.0 Calls at $0.77 for a Net Credit of $0.03
LAZR
#ShortPuts – Partial…
Bought to Close LAZR JUN 11 2021 20.0 Put @ .05 (sold for 1.20)
GOOGL,
The state of Ohio sues to have GOOGL declared a public utility.
TQQQ,
BTC a partial of the June 11, 70 puts at .01, sold at 1.59, I should cover the rest tomorrow or the next day.
SPX trades
#SPX7dteLong Bought to Open $SPX June 14th 4205/4225-4235/4255 iron condors for 14.75, with SPX at 4230.
SOXL,
STO August 20, 25 put at 1.05
EL LEN NVTA Calls / LABU SOXL Put Close / SNOW SOXL COUP Put / T Put Roll
#coveredcalls
$EL STO 6/18 310 call at 1.60
$LEN STO 6/11 97 call at .70
$NVTA STO 6/18 32.50 call at .56
#shortputs
$LABU BTC 6/11 66 put at 1.08. Rolled twice for total credits of 8.20. Thank you @fuzzballl
$LABU BTC 6/18 65 put at 2.75. STO at 9.62.
$LABU BTC 6/18 64 put at 1.80. STO at 8.90.
$SNOW STO 7/2 230 put at 4.70. Thank you @jsd501
$COUP STO 7/16 195 put at 3.30. Thank you @fuzzballl
$SOXL BTC 6/18 37 put at 2.75. STO at 9.86. @fuzzballl strikes again. Merci!
$SOXL STO 6/18 34 put at 2.05.
$T BTC 6/18 31 put and STO 7/16 31 put at added credit of .53
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.
VXX
Sold 1 VXX Aug 20 2021 46.0 Covered Call at $3.15.
LABU
#ShortPuts – Replacing some closed yesterday.
Sold LABU JUN 18 2021 63.0 Put @ 2.70
COUP post earnings
#ShortPuts – Sold COUP JUL 16 2021 195.0 Put @ 4.20
#tqqq sto TQQQ 23, JUL…
sto TQQQ 23, JUL 85 PUT @2.61
VLO Call / SNOW Put Close
#coveredcalls
$VLO STO 6/11 85 call at .75
#shortputs
$SNOW BTC 6/18 205 put at .40. STO at 3.10. Thank you @fuzzballl
SPX trades
#SPX7dteLong Bought to Open $SPX June 11th 4230/4250 call spreads for 8.30.
Waiting for the close to collect on today’s 4215/4235 long call spread.
BIIB
#IronLizard – Closing it now at slightly less than the 20 points the call side would be worth on Friday. All risk off with a decent gain.
Bought to Close BIIB JUN 11 2021 270/300/320/340 Iron Lizard @ 19.20 (sold for 24.20)
BIIB
#ShortPuts – Why can’t they all work like this? 🙂
Bought to Close BIIB JUN 18 2021 225.0 Put @ .25 (sold for 9.30)
$BIIB
Wow
SNOW,
Looking good here so STO, July 2, 230 put at 4.73 with stock at $251
LABU long Call
Sold to close my LABU Jun 25 2021 85.0 Call at $1.40. Bought it at 0.72 on 05/27..
This was a long side hedge against past short calls that have all expired, including last Friday’s 66.0 Call.
MNMD
#LongStock – Too early this morning but took a scalp on quite a few shares.
Sold MNMD Stock @ 3.30 (bought for 3.05)
COUP earnings
#ShortPuts – Really pushing my luck here but the chart looks like it could be bottoming and it’s at the low end of it’s recent range.
Sold COUP JUN 11 2021 220.0 Put @ 3.70
Options Bistro 