BTC TQQQ 11 JUN 70 PUT @.02 //had bto @ 1.70 on 5.4.21
Category Archives: Uncategorized
LABU
#ShortPuts – Taking some a couple weeks early on the bounce.
Bought to Close LABU JUN 18 2021 50.0 Put @ .30 (sold for 2.20)
Bought to Close LABU JUN 18 2021 50.0 Put @ .70 (sold for 2.70)
BIIB aducanumab decision
#ShortPuts – Got a defined risk in one account. Going a little riskier with the naked put sale in a different account. Going out a week and selling barely inside the expected move at multi year lows including where the stock bottomed the last time this drug was denied.
Sold BIIB JUN 18 2021 225.0 Put @ 9.30
SOXL
#ShortPuts – Adding.
Sold SOXL JUL 16 2021 34.0 Put @ 2.10
Sold SOXL JUL 16 2021 35.0 Put @ 2.45
Expirations / TSLA BUPS Close / SOXL Put Close / TQQQ Put Roll
#optionsexpiration #coveredcallssdc-assignment
$GME @ramie77 splendid 180/190/310/300 IC
$VLO 84 call Covered
$AG 18 call Covered
$LEN 99 call Covered
$RBLX 95 put
$F 13 put
$F 13.5 call Stock called away
#bups
$TSLA BTC 6/18 540/550 BUPS at 1.50. STO at 2.45.
#shortputs
$SOXL BTC 6/18 35 put at .80. STO at 4.13. Thank you @fuzzballl
$TQQQ BTC 6/4 110 put and STO 6/11 109 put at cost of .40.
Enjoy the weekend
OptionsExpiration
Expired:
AMC 06/04/2021 15.0 Puts
LABU 06/04/2021 66.0 Diagonal Call
LABU 06/04/2021 55.0 Diagonal Put
SQQQ 06/04/2021 17.0/12.0 Bear Call Spreads
VXX 06/04/2021 33.0 Diagonal Put – #VXXContango
VXX 06/04/2021 46.0 Covered Call
VXX 06/04/2021 46.0/50.0 Bear Call Spreads
VXX1 06/04/2021 13.50 Diagonal Calls
Assignments:
VXX1 06/04/2021 13.0 Puts (25sh each) – adj cost 34.00 after put premium
VXX1 06/04/2021 12.0 Puts (25sh each) – adj cost 33.64 after put premium
VXX1 06/04/2021 10.5 Puts (25sh each) – adj cost 33.80 after put premium
VXX1 06/04/2021 10.0 Puts (25sh each) – adj cost 33.52 after put premium
Everything else was rolled to next week.
SOXL
#ShortPuts – Taking more. Everything in this ticker is now in July.
Bought to Close SOXL JUN 18 2021 34.0 Put @ .59 (sold for 3.85)
Bought to Close SOXL JUN 18 2021 35.0 Put @ .75 (sold for 3.25)
Bought to Close SOXL JUN 18 2021 36.0 Put @ .97 (sold for 2.75)
VXX Puts rolled down
Rolled 1 VXX 06/04/2021 36.0 Put to next week’s 35.5 Put @ 0.26 Credit
Rolled 1 VXX 06/04/2021 35.0 Put to next week’s 34.5 Put @ 0.34 Credit
Rolled 1 VXX 06/04/2021 34.0 Put to next week’s 33.0 Put @ 0.25 Credit
Rolled 1 VXX 06/04/2021 33.50 Put to next week’s 32.0 Put @ 0.16 Credit.
#VXXContango shorts against July and September longs
Rolling Jan TSLA
Rolled $TSLA Jan 21 2022 200 put up to 300 put @ 6.50 credit. Total premium now 11.65.
SPX trades
#SPX7dteLong Earlier: Sold to close $SPX June 4th 4215/4235 call spreads for 8.25. Bought last Friday for 8.80. Small loss, but better than yesterday when it got below 2.00. It’s in profit range now had I waited. Finally getting the move from the Upside Warning. Two other call spreads expiring next week are looking good.
TSLA
From Carter Worth
VXX
Closing more long #VXXContango long side puts.
Sold VXX1 06/18/2021 8.0 Puts @ 0.27. Bought last November @ 0.22 and 0.23.
Wrote against them many, many times.
These were my highest cost lots. If VXX drops below 32, my remaining long puts go in the money.
TMV,
STO June 18, 74 put at 2.40
TQQQ,
STO July 23, 70 put at 1.21
TSLA,
I bought the butterfly back for $1.00, finally made a little money on Tesla.
LAZR SPOT
#ShortPuts #CoveredCalls – A couple trades this morning.
LAZR: New starter positions.
Sold LAZR JUN 25 2021 21.0 Puts @ 1.00
Sold LAZR JUN 25 2021 21.5 Puts @ 1.20
SPOT: An old earnings trade. Breakeven is the goal.
Bought to Close SPOT JUN 4 2021 237.5 Call @ .22 (sold for 4.20)
Sold SPOT JUN 11 2021 235.0 Call @ 5.02
VXX
Exiting some put spreads. The shorts can’t be rolled to next week as the pre-split strikes aren’t available so I closed the long puts hedging them too.
Bought to close VXX1 Jun 04 2021 9.0 Puts at $0.52. Sold these last week at $0.61.
Bought to close VXX1 Jun 04 2021 8.5 Puts at $0.14. Sold these last week at $0.19.
Sold to close VXX1 Jun 18 2021 9.0 Puts at $0.89 and $0.90. Bought these in November, December and January at $0.40, 0.31 and 0.25
TQQQ,
BTC June 4, 80 put at .01, sold at 1.40
BTC June 4, 70 put at .01, sold at 1.07 in my IRA
That is it for today.
May Jobs Report
#Jobs — Again lower than expectations, but a strong improvement on April’s disappointment. Restaurants added almost 1 in every 3 of the new jobs. Still 7.6 million jobs lower than before pandemic.
Gain of +559,000 non-farm payroll jobs, vs. expected gain of 671K.
Unemployment at 5.8%, down by 0.3
U6 unemployment at 10.2%, down by 0.2
Labor force participation 61.6%, down by 0.1
Average Hourly Earnings up 0.5%
March revised up by +15K to +785K
April jobs revised up by +12K to +266K
SPX trades
#SPX7dteLong Bought to Open $SPX June 9th 4200/4220 call spreads for 7.00.
Yes, I’m still stocking by my bullish stance. I will probably sell tomorrow’s call spread at a loss today, but holding out for a rebound.
LABU
#ShortPuts – Adding one.
Sold LABU JUN 18 2021 54.0 Put @ 2.70
GME early rollup
Rolled my short GME Jun 04 2021 230.0 Calls to GME Jun 11 2021 260.0 Calls at $5.75 Credit.
This pushed the short strike to an at-the-money position.
SLV Puts
Rolled short SLV Jun 04 2021 25.0 Puts to SLV Jun 11 2021 24.5 Puts at $0.07 Credit.
SLV dipped to 25.07 this morning.
AMC Adjustments
Sold AMC Jun 04 2021 15.0 Puts at $0.10.
Rolled 1 AMC Jun 04 2021 22.0 Call to 1 AMC Jun 11 2021 23.0 Call at $0.25 Credit.
The stock dipped below 39 as this trade executed
VXX Adjustments
Bought to open 1 VXX Jul 16 2021 25.0 Put at $0.11. I will use this as a long hedge for writing weekly #VXXContango Put sales for the next 6 weeks
Sold 1 VXX Jun 18 2021 50.0 Call at $0.77. Sold against an existing long call from an earlier spread.
Sold 1 VXX Jun 25 2021 50.0 Call at $1.15. Sold against an existing long call from an earlier spread.
Sold VXX1 Jun 18 2021 11.0 Call at $0.28
Sold VXX1 Jun 18 2021 12.0 Call at $0.21.
Trying to sell more of these.
Rolling TSLA
Rolled profitable Jun 18 short 415 put up and out to Jul 2 500 put (12 delta) @ 5.83 credit
SOXL TQQQ
#ShortPuts – Looking out to July now.
SOXL: First sale in this expiration.
Sold SOXL JUL 16 2021 33.0 Put @ 2.20
TQQQ: Adding a couple.
Sold TQQQ JUL 16 2021 81.0 Put @ 2.75
Sold TQQQ JUL 16 2021 82.0 Put @ 2.95
TQQQ,
STO July 16, 75 put at 1.61
SOXL
#ShortPuts – More size reduction. Slightly better prices than yesterday.
Bought to Close SOXL JUN 18 2021 34.0 Put @ .70 (sold for 3.85)
Bought to Close SOXL JUN 18 2021 35.0 Put @ 1.00 (sold for 3.25)
Bought to Close SOXL JUN 18 2021 36.0 Put @ 1.30 (sold for 2.75)
TQQQ
#ShortPuts – Anchor position for hopefully a nice July ladder. Thanks @walter6871 !
Sold TQQQ JUL 16 2021 80.0 Put @ 2.27
#tqqq STO TQQQ 2 JUL…
STO TQQQ 2 JUL 84 PUT @1.90
BIIB aducanumab decision
#BullPutSpreads – IV much higher than a typical earnings announcement so taking a shot. Playing it to the upside with defined risk selling an ITM bull put spread. If it tanks then the lower the better for starting a covered call program.
Sold BIIB JUN 11 2021 300.0/270.0 Bull Put Spread @ 20.20
Trying to sell 3-4 call spreads above it somewhere to help with basis reduction on an implosion but to still preserve some decent profits to the upside. Sort of an unbalanced iron jade condor lizard 🙂 🙂
https://www.barrons.com/articles/fda-biogen-decision-biotech-stocks-51622553280
EDIT: Went wider on the call spread and sold at the expected move. Max profit window is 300-320 with no upside risk. Basis on an implosion will only be 5.80 above wherever the stock is trading at Friday expiration.
Sold BIIB JUN 11 2021 320.0/340.0 Bear Call Spread @ 4.00
BIIB REGN
#ShortPuts – Taking these off to make room for a roll of the dice on BIIB next week. Looks like the announcement could come anytime between now and the 7th.
Bought to Close BIIB JUN 4 2021 245.0 Put @ 1.35 (sold for 3.20)
Bought to Close REGN JUN 18 2021 475.0 Put @ 2.20 (sold for 4.20)
TSLA
Tesla Global EV Market Share Collapses To 11% In April, From 29% In March: Credit-Suisse
LABU Put Roll
#shortputs
$LABU BTC 6/4 67 put and STO 6/11 66 put at added credit of .70
GME
Extending the time duration of my long position after I rolled up my short earlier.
Sell to Close 1 GME Jun 11 2021 310 Call at $40.92. Purchased @ $6.88 on 5/25.
Bought to Open 1 GME Jul 02 2021 400 Call for a Net Credit of $0.40
AMC Crazy
Bought to Open 1 AMC Jul 16 2021 60 Call / Sold to Open 1 AMC Jun 11 2021 40 Call at $1.10 credit.
The short Filled at $26.45 with the stock at 43.
I’ve got over a week before I have to worry about rolling the short.
ALB RBLX TQQQ Put / LEN Covered Call
#shortputs
$ALB STO 6/18 165 put at 3
$RBLX STO 6/4 95 put at 1.27
$TQQQ STO 7/16 80 put at 2.10. Thank you @walter6871
#coveredcalls
$LEN STO 6/4 99 call at .50
ZM earnings
#JadeLizards #Earnings – I may have closed this too soon but will take it.
Bought to Close ZM JUN 4 2021 295.0/320.0/325.0 Jade Lizard @ 4.00 (sold for 5.25)
GME early roll
Last week I rolled up a short GME call to a GME Jun 04 2021 215 Call @ 53.85.
Today I rolled again. Bought back the GME Jun 04 2021 215 Call @ 44.71 and rolled it up 20 points to next week’s GME Jun 11 2021 235 Call for a Net Credit of $1.99
Assigned on NIO covered call on Friday….will reopen new position
#TQQQ right at closing time…
#TQQQ
right at closing time and i was out of town/now back.
STO TQQQ 16 JUL 80 PUT @2.26
TQQQ RIOT Puts Close / VUZI Call / NVDA Jade Lizard Close
#shortputs
$TQQQ BTC 6/18 45 put at .05. STO at 1.26. Thank you @jsd501
$ROKU BTC 6/4 23 put at .20. STO at 2.47.
#coveredcalls
$VUZI STO 6/18 20 call at .80.
#earnings
$NVDA BTC 575/650/660 Jade Lizard at 6.80. STO at 9.30. Thank you @fuzzballl
SOXL
#ShortPuts – Reducing size slightly.
Bought to Close SOXL JUN 18 2021 34.0 Put @ .95 (sold for 3.85)
Bought to Close SOXL JUN 18 2021 35.0 Put @ 1.20 (sold for 3.25)
Bought to Close SOXL JUN 18 2021 36.0 Put @ 1.45 (sold for 2.75)
ZM earnings
#Earnings #JadeLizards – Not much going on so taking a shot at this. Selling put side near recent lows and slightly in the money on the call side playing for a down move. No upside risk.
Sold ZM JUN 4 2021 295.0/320.0/325.0 Jade Lizard @ 5.25
VXX
Adding short calls against existing long calls
Sold VXX Jul 02 2021 50.0 Call at $1.44
Sold VXX Jul 09 2021 50.0 Call at $1.75
AMC
Sold 1 AMC Jun 04 2021 32 Call at $4.70
XOP,
STO June 25, 90 put at 2.22, oil is hot this week.
TQQQ,
BTC January 2022, 25 puts at .953, sold at 2.773
STO January 2022, 40 puts at 2.30, so, I just rolled it up for a credit of 1.35
VXX Covered Calls
Sold to Open all the following covered calls to replace some that expired Friday:
VXX Jul 09 2021 46 Call at $1.99
VXX Jul 02 2021 46 Call at $1.69
VXX Jun 25 2021 46 Call at $1.32
VXX Jun 18 2021 46 Call at $0.93
VXX Jun 11 2021 46 Call at $0.42
LABU
Sold to open 1 LABU Jun 04 2021 55.0 Put at $0.85.
That leaves me with a 55.0/66.0 short strangle as my only LABU position for this week.
SPX trades
#SPX7dteLong Sold to close $SPX June 2nd 4200/4180 put spreads for 3.25. Leaving 4210/4230 call side for later today or tomorrow.
Looking for max credit for today’s 4195/4215 call spreads.
TLRY adjustment
Closed out an old TLRY long hedge when I liquidated my 06/18/2021 28.0 Calls @ $0.52.
Also sold some TLRY 06/11/2021 24.0 Diagonal Calls @ $0.52 against some long July calls also in the account.
AMC
Another spike opening higher but not a powerful as the one Friday.
Bought to open AMC 07/16/2021 38.0 Calls / Sold to open AMC 06/18/2021 27.0 Calls @ 0.30 Credit.
Plenty of rolling or re-write potential.
Upside Warning in effect
#VIXIndicator An Upside Warning took effect on Friday after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. Expect higher prices in coming days or weeks.
Last three Upside Warnings:
Mar 15 2021: close on that day: 3969. Subsequent high was 4238 on May 7. 40 trading days, +6.8%
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%
Life got in the way yesterday and missed rolling the short calls…assigned on DVN
OptionsExpiration
Expired:
SQQQ 05/28/2021 14.00 Covered Call
TLRY 05/28/2021 18.00 Diagonal Calls
VXX1 05/28/2021 12.0 Diagonal Calls
VXX1 05/28/2021 12.5 Diagonal Calls
VXX1 05/28/2021 13.0 Diagonal Calls
VXX1 05/28/2021 13.5 Diagonal Calls
VXX 05/28/2021 36.20 Covered Calls
VXX 05/28/2021 42.00 Diagonal Call
VXX 05/28/2021 42.50 Diagonal Call
VXX 05/28/2021 43.00 Diagonal Calls
VXX 05/28/2021 46.00 Covered Calls
VXX 05/28/2021 50.00 Covered Calls
VXX 05/28/2021 52.00 Diagonal Call
VXX 05/28/2021 33.50 Diagonal Put #VXXContango
Assignments:
UVXY1 05/28/2021 6.50 Put (10 shares at 44.50 net cost)
UVXY1 05/28/2021 6.0 Puts (40 shares at 44.00 net cost).
VXX Puts rolled down
Rolled 1 VXX 05/28/2021 36.0 Put to next week’s 35.50 Put @ 0.19 Credit
Rolled 1 VXX 05/28/2021 35.50 Put to next week’s 35.0 Put @ 0.29 Credit
Rolled 1 VXX 05/28/2021 35.0 Put to next week’s 34.0 Put @ 0.03 Credit
Rolled 1 VXX 05/28/2021 34.50 Put to next week’s 33.50 Put @ 0.18 Credit
AMC Calls rolled Up
I really bit the big one on these spreads but at least I can roll the shorts one more week.
Rolled 1 AMC 05/28/2021 14.50 Call to 06/11/2021 15.00 Call @ 0.28 Credit
Rolled 1 AMC 05/28/2021 15.00 Call to 06/04/2021 15.00 Call @ 0.40 Credit
Rolled 1 AMC 05/28/2021 15.50 Call to 06/04/2021 16.00 Call @ 0.05 Credit
Rolled 1 AMC 05/28/2021 17.00 Call to 06/04/2021 18.00 Call @ 0.05 Credit.
After A HUGE run up early, the stock actually closed slightly down on the day, so there is hope that there are a lot of trapped buyers above tonight’s close.
LABU Put
Bought to close 1 LABU 05/28/2021 62.0 Put @ 0.05. It won’t trade any lower.
Sold for $2.62 last Friday on a rolldown.
TQQQ
Bought to close 1 TQQQ 05/28/2021 105.0 Call @ 0.01. Sold this week @ 1.03.
Bought to close 1 TQQQ 05/28/2021 95.0 Put @ 0.01. Sold this week @ 0.59
SPX trades
#SPX1dte SOld to Open $SPX June 1st 4175/4155 put spreads for 1.10. With Upside Warning firing at the close, I am bullish and sellijg only put side again. SPX at 4212, IV 6.6%, delta -.14
Expiring worthless: May 28th 4165/4145 put spreads, sold yesterday for .90
#SPX7dteLong Hoping for some close above 4215. I sold put side yesterday for 5.55. Not looking too promising.
SNOW
#ShortPuts – Couldn’t resist. Replacing the second one closed earlier.
Sold SNOW JUN 18 2021 225.0 Put @ 4.90
TQQQ,
STO July 9, 70 put at .91
TQQQ,
BTC May 28, 75 put at .01 in my IRA, sold at 1.22
SOXL Put Partial Close
#shortputs
$SOXL BTC 6/18/37 put at 1.90. STO at 6.60. Thank you @fuzzballl
VXX1 Puts
Rolled VXX1 May 28 2021 9.0 Puts to VXX1 Jun 04 2021 9 Puts @ $0.12 Credit
LABU SNOW SOXL
#ShortPuts – Nice run on all these so taking profits.
LABU: Expires today but it can move so closing now. Still holding higher strikes.
Bought to Close LABU MAY 28 2021 62.0 Put @ .10 (sold for 1.85)
SNOW: Earnings. Looking to replace it now.
Bought to Close SNOW JUN 18 2021 205.0 Put @ 1.55 (sold for 4.10)
SOXL: Taking the bottom of the ladder early. Still holding higher strikes.
Bought to Close SOXL JUN 18 2021 32.0 Put @ .70 (sold for 2.25)
Bought to Close SOXL JUN 18 2021 33.0 Put @ .85 (sold for 2.70)
TQQQ
#ShortPuts – With almost 70 percent of max with 3 weeks to go gotta book it.
Bought to Close TQQQ JUN 18 2021 80.0 Put @ .68 (sold for 2.00)
Bought to Close TQQQ JUN 18 2021 82.5 Put @ .84 (sold for 2.36)
NVDA earnings
#ShortPuts #Earnings – Gotta take the quickie on the big move.
Bought to Close NVDA JUN 18 2021 555.0 Put @ 1.50 (sold for 4.70)
TWTR
#CoveredCalls #ShortPuts – Rolling and adding.
Rolled TWTR MAY 28 2021 54.0 Calls to TWTR JUN 18 2021 54.5 Calls @ .28 credit
Sold TWTR JUN 18 2021 55.5 Puts @ 1.04
ROKU
#CoveredStrangles – I was going to let the stock get called away but I think I’ll hold it for a few more weeks. Rolling covered call out and up pairing it up with a short put leaving a covered strangle. Adds another 3.95 of upside on the stock.
Rolled ROKU MAY 28 2021 317.5 Call to JUN 18 2021 320.0 Call @ 1.45 credit
SNOW
#ShortPuts – Missed the early dip. Selling the expected move and below the 50 day.
Sold SNOW JUN 18 2021 220.0 Put @ 3.30
NVDA earnings
#Earnings #JadeLizards – Big run today so taking the winner in case it continues up.
Bought to Close NVDA JUN 18 2021 575.0/640.0/650.0 Jade Lizard @ 7.38 (sold for 10.25)
LABU Put Close
#shortputs
$LABU BTC 5/28 66.50 put at 2. STO at 8.60
Options Bistro 