https://coveredcallswithjeff.wordpress.com/2021/05/18/amazon-covered-call-strategy-one-year-profit-of-97760-44-annualized/
Category Archives: Uncategorized
SPX trades
#SPX7dteLong Bought to Open $SPX May 24th 4125/4145-4155/4175 iron condors for 16.85, with SPX at 4149.
1-dte trade coming in comments
UVXY reverse split
#StockSplits – Just saw this. 1:10 on May 26th.
LABU
#ShortPuts – Bought to Close LABU MAY 21 2021 60.0 Put @ .94 (sold for 3.00)
TQQQ,
BTC May 28, 100 call at 1.90 which I sold at 1.95 so just taking the risk off the table. I don’t have a good feel for this market either way but it is quiet and not going anywhere
TQQQ
#ShortPuts – Taking risk off now instead of holding 3 more days.
Bought to Close TQQQ MAY 21 2021 82.0 Put @ .18 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 83.0 Put @ .21 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 84.0 Put @ .24 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 85.0 Put @ .26 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 86.0 Put @ .35 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 87.0 Put @ .40 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 88.0 Put @ .49 (sold for 2.00)
And taking almost half a month early:
Bought to Close TQQQ JUN 18 2021 70.0 Put @ 1.30 (sold for 2.50)
SNOW pre earnings
#ShortStraddles – Stopped out of the call side. It served it’s purpose though. Got the stock to rally. Leaving short puts in two accounts with earnings next week.
Bought to Close SNOW MAY 21 2021 217.5 Call @ 4.70 (leaving short put side @ 2.70 credit)
LABU
Sold 1 LABU May 21 2021 67.0 Call at $1.50.
Sold 1 LABU May 21 2021 70.0 Call at $0.90.
Sold against a whole ladder of short puts for this week.
O.T.,
I can tell everyone is hiding in their bunker when there are only a few posts. The same is going on over at SMM and Minervini.
SPX trades
#SPX7dteLong Bought to Open $SPX May 21st 4130/4150-4160/4180 iron condor for 16.85, with SPX at 4152.
Looking to close put side of today’s condor and bank on some recovery into the close.
TQQQ,
BTC May 21, 50 put at .02, sold at 1.05
TMV,
STO June 18, 74 puts at 2.05
TMV,
STO June 18, 74 put at 2.05, I am a believer in higher inflation and interest rates but starting small.
TQQQ
Sold 1 TQQQ May 21 2021 85.0 Put at $0.82
TNA
Sold 1 TNA May 21 2021 80.0 Put at $1.68
VXX and VXX1
Sold 1 VXX May 21 2021 42.0 Covered Call at $1.10
Sold VXX May 28 2021 42.0 Covered Calls at $1.86
Sold VXX1 May 21 2021 11.0 Calls at $0.21, 0.22, 0.24 & 0.27
Sold VXX1 May 21 2021 11.5 Calls at $0.18
Sold VXX1 May 21 2021 12.0 Calls at $0.14
TQQQ
STO $TQQQ May 28 80 puts @ 1.20
OptionsExpiration
==Expired==
LABU 05/14/2021 67.0 Diagonal Call
SQQQ 05/14/2021 12.5 Diagonal Call
TLRY 05/14/2021 32/24 Bear Call Spreads
TLRY 05/14/2021 18.0 Diagonal Calls
VXX1 05/14/2021 11.0 Covered Calls
VXX1 05/14/2021 11.5 Covered Calls
VXX1 05/14/2021 12.0 Covered Calls
VXX1 05/14/2021 12.5 Diagonal Calls
VXX 05/14/2021 40.0 Diagonal Calls
TQQQ 05/14/2021 92.0 Diagonal Put
SPX trades
#SPX1dte Bought to close $SPX May 14th 4190 call for .30. Condors sold yesterday for 1.10. Just kept going up and up but didn’t actually hit my stop until this hour.
Sold to Open $SPX May 17th 4050/4070-4230/4250 condors for .95, SPX at 4175, IV 11.9%, deltas -.06, +.05
VXX Calls
Bought to close VXX May 14 2021 42.0 Diagonal Calls at $0.01 . Sold these on Wednesday @ $1.33.
Bought to close VXX May 14 2021 41.0 Diagonal Call at $0.01 . Sold this on Wednesday @ $2.74.
Also:
Sold to open VXX 05/21/2021 46.0 Covered Calls @ $0.53.
Adding to my position.
VXX1 Calls
Covered some of the old short pre-split calls to release a bit of margin:
Bought to close VXX1 May 14 2021 10.0 Diagonal Calls Limit at $0.01. Sold these at 0.19.
Bought to close VXX1 May 14 2021 10.5 Diagonal Calls Limit at $0.01. Sold these at 0.28 & 0.40
Bought to close VXX1 May 14 2021 11.0 Diagonal Calls Limit at $0.01. Sold these at 0.20 & 0.24
#tqqq BTC TQQQ 14 MAY…
BTC TQQQ 14 MAY 80 PUT @.02 /had sto @1.97
BTC TQQQ 14 MAY 93.5 PUT @.15 /had sto 1.17
VXX Calls
Bought to close 1 VXX 05/14/2021 46.0 Diagonal Call @ 0.01. Sold this at $ 1.48 earlier this week.
Closing SNAP
Taking advantage of the move up to get out of the $SNAP May 21 45/53/65/72 iron condor @ 1.47. Sold for 1.86.
SQQQ Call Roll
Rolled a SQQQ 05/14/2021 12.0 Covered Call up to a SQQQ 05/21/2021 13.0 Covered Call for a 0.02 Credit.
I also have a short diagonal 12.50 call that likely expires today.
SPY
#ShortPuts – Taking the two day quickie.
Bought to Close SPY JUN 18 2021 370.0 Put @ 1.45 (sold for 4.00)
TSLA
#ShortCalls – Let’s see if we can encourage this thing to keep going up. Sold against a short put next week and another in June.
Rolled TSLA MAY 21 2021 750.0 Call to MAY 21 2021 650.0 Call @ 1.95 credit (8.25 total now)
LABU
#ShortPuts – Rolling my higher strikes. Still sitting on a couple lower for next week.
Rolled LABU MAY 21 2021 69.0 Put to JUN 18 2021 66.0 Put @ .55 credit
Rolled LABU MAY 21 2021 68.5 Put to JUN 18 2021 65.0 Put @ .27 credit
Rolled LABU MAY 21 2021 68.0 Put to JUN 18 2021 64.0 Put @ .05 credit
TLRY
An early assignment on 2 TLRY 05/14/2021 27.50 Puts.
Adjusted Cost on the stock is 15.85 after the put premium.
So I sold 2 TLRY 05/21/2021 16.0 Covered Calls @ 0.31
PLTR ROKU
#CoveredCalls – A couple this morning. Still out on the road…took delivery of my moving home last Saturday so been kinda busy with that getting some bugs worked out.
PLTR: A new batch…covered.
Bought to Close PLTR MAY 21 2021 24.0 Calls @ .04 (sold for 1.38)
Sold PLTR JUN 18 2021 20.0 Calls @ .95
ROKU: Booked, scalped, sold…covered
Bought to Close ROKU MAY 14 2021 330.0 Call @ .10 (sold for 4.30)
Sold ROKU MAY 21 2021 320.0 Call @ 9.00 (16 seconds after the open)
Bought to Close ROKU MAY 21 2021 320.0 Call @ 5.00 (17 minutes later 🙂 🙂 )
Sold ROKU MAY 21 2021 315.0 Call @ 7.00
LABU Calls
Rolling down and out to next week:
Rolled 1 LABU 05/14/2021 67.0 Call to 1 LABU 05/21/2021 66.0 Call @ 0.20 Credit
Rolled 1 LABU 05/14/2021 65.0 Call to 1 LABU 05/21/2021 64.0 Call @ 0.30 Credit
Rolled 1 LABU 05/14/2021 62.0 Call to 1 LABU 05/21/2021 60.0 Call @ 0.10 Credit
Rolled 1 LABU 05/14/2021 60.0 Call to 1 LABU 05/21/2021 57.0 Call @ 0.10 Credit
TSLA Jan
Sold to open Jan 21 2022 200 put @ 5.15.
SPX trades
#SPX7dteLong Bought to Open $SPX May 19th 4105/4125-4135/4155 iron condors for 17.40, with SPX at 4126.
TQQQ,
BTC May 28, 75 put at 1.70, sold at 1.66 so taking a small loss to free up margin and reduce my risk.It is possible that we decline another 5% to 10% IMHO.
TQQQ,
BTC May 28, 115 call at .15, sold at 1.23, cash is king.
TQQQ,
BTC May 21, 60 put at .24, sold at .68
BTC May 21, 70 put at .59, sold at 1.41
#qyld stocking up on some…
#qyld
stocking up on some while it dips.
SPY
#ShortPuts – Back in…selling at the 200 day.
Sold SPY JUN 18 2021 370.0 Put @ 4.00
SOXL
#ShortPuts – A little early on it this morning. Picked this particular strike to even out the ladder. It was a standing order while I was out.
Sold SOXL MAY 21 2021 34.0 Put @ 5.00
STO May21, 95 call at…
STO May21, 95 call at 2.10
TQQQ,
BTC May 21, 110 call at .15, sold at 4.25
TQQQ,
STO May 21, 95 call at 2.45
STO Mat 28, 100 call at 1.95
VXX longs
#VXXGame Long strategy that I haven’t done in awhile, but is perfect to enact after a reverse split. Iceman put on a few similar trades the other day. There should be another reverse split before these expire.
Bought to Open $VXX June 2022 10 puts for .35
Bought to Open $VXX Jan 2023 10 puts for 1.05
I will add more when premium gets lower.
SPX trades
#SPX1dte Earlier: Bought to close $SPX May 12th 4055/4035 put spreads for 1.10, when stop was breached at 4095. Condors sold yesterday for 1.10, so breakeven, loss of commissions.
TSLA June
Sold to open $TSLA Jun 18 415 put @ 5.30. Premium is a bit better right now.
Markets
The big unwind of the most speculative names
UVXY Calendar
Bought to close UVXY May 14 2021 5.0 Puts at $0.14. Sold them at $0.63 on a roll out last Friday.
Replaced them with UVXY May 21 2021 4.5 Puts at $0.16.
My Long position against the short are some old June 4.0 and 5.0 Puts.
Little downside risk remains after this big rolldown.
VXX Puts closed
Bought to close VXX May 14 2021 36.0 Puts at $0.01. They won’t trade any lower.
Sold them at $0.62 on a rolldown last Friday.
#VXXContango
VXX1 Put rolldown
It’s been a while since I’ve been able to roll one of my short VXX ITM puts down for a credit.
Bought to close VXX1 May 14 2021 11.0 Puts at $0.46. Sold them at $1.27 on a roll out last Friday.
Replaced them with VXX1 May 21 2021 10.5 Puts at $0.48.
My long hedge is some old June 9.0 and 10.0 Puts that are trading at a nice gain.
#VXXContango
Downside Warning is in effect
#VIXIndicator It went in effect at the close today.
Here are the last three Downside Warnings for reference:
Fired 2/25/21, at the SPX close of 3,829. The SPX low of 3,723 was 5 trading days later.
Fired 1/27/21, at the SPX close of 3,750. The SPX low of 3,694 was only 2 days later .
Fired 9/3/20, at the SPX close of 3,455. The SPX low of 3,209 was 3 weeks later on Sep 24th.
LABU Call
Sold 1 LABU May 14 2021 67.0 Call at $0.52.
Selling against the top end of my Put ladder for this week.
MNMD lottery ticket
#LongStock – Bought shares as a lottery ticket. At 3 bucks it’s like a call option that never expires. Whiz is big on this for PTSD and suicide prevention for veterans. Definite lottery though!
SPX trades
#SPX7dteLong Sold to close $SPX May 12th 4175/4195 call spreads for 3.70. Condors bought for 16.45 last Thursday. Saving put side for later today or tomorrow, as I believe we are entering a correction.
TQQQ TSLA
#ShortPuts – Kind of a slow week mostly waiting and watching with current positions. Still one small add and a roll.
TQQQ: Starting new June position. Still holding May.
Sold TQQQ JUN 18 2021 70.0 Put @ 2.50
TSLA: Rolling put side of strangle out and down. Will continue call selling against it.
Rolled TSLA MAY 21 2021 550.0 Put to JUN 18 2021 475.0 Put @ .85 debit
TQQQ,
STO June 25, 60 put at 1.30
TQQQ June
Sold $TQQQ Jun 18 65 put @ 1.80
VXX – a few more calls
Sold VXX May 14 2021 42.0 Calls at $1.33
Sold VXX1 May 14 2021 10.5 Calls(adj) at $0.29 – so not as good as the post split order.
Upside Warning es finito
#VIXIndicator In premarket, $VIX has gone higher and ended the Upside Warning, which lasted 57 days and took us from SPX 3898 to peak of 4238. Falling prices and higher volatility are likely for coming days or weeks.
VXX Calls at the close
Sold VXX1 May 14 2021 10.0(adj) Calls at $0.19 just as the market closed.
Strike is equal to 40.0 on the post split stock
TSLA
STO TSLA May21’21 500 PUT @3.11
VXX Calls
DJIA up – SP500($SPY) up – NASDAQ (QQQ, TQQQ) down big
VIX up 11%
Some of these were earlier in the day. Prices are better now:
Sold VXX May 14 2021 40 Diagonal Calls at $0.56
Sold VXX May 14 2021 41 Diagonal Calls at $0.42
Sold VXX May 28 2021 46.0 Covered Calls at $0.95, $0.96 & $1.20
Sold VXX Jun 04 2021 46.0 Covered Call at $1.41
Sold VXX Jul 16 2021 46.0 Covered Call at $3.85
SPX trades
#SPX7dteLong Bought to Open $SPX May 14th 4205/4225-4235/4255 iron condors for 15.30, with SPX at 4231.
TSLA July
Sold to open $TSLA 7/16 400 put @ 5.64
#tqqq STO TQQQ 14 MAY…
STO TQQQ 14 MAY 93.5 PUT @1.17
NVDA PINS SNOW SPOT TSLA TWTR
#ShortPuts #CoveredCalls – A little bit of everything.
NVDA: Pre-earnings. Dodged a bullet with ROKU in this account so replacing with this. Week before earnings.
Sold NVDA MAY 21 2021 550.0 Put @ 4.30
PINS: Covered call roll down for additional credit.
Rolled PINS MAY 21 2021 65.0 Calls to MAY 21 2021 60.0 Calls @ 1.05 credit (2.57 total now)
SNOW: Rolling call side down to a short straddle. Week before earnings.
Rolled SNOW MAY 21 2021 240.0 Call to MAY 21 2021 217.5 Call @ 1.40 credit (217.5 straddle @ 7.40 now)
SPOT: Covered Calls should have done this Friday.
Sold SPOT MAY 21 2021 240.0 Call @ 5.00
TSLA: Rolling call side out a week setting up a short strangle.
Rolled TSLA MAY 14 2021 760.0 Call to MAY 21 2021 750.0 Call @ 2.08 credit (550/750 strangle @ 7.18 now)
TWTR: Covered Calls should have done this on Friday.
Sold TWTR MAY 21 2021 54.0 Calls @ 1.05
SQQQ Calls
Sold SQQQ May 14 2021 12.0 Covered Call at $0.23.
Sold SQQQ May 21 2021 13.0 Diagonal Call at $0.20.
Replacing short calls that expired Friday.
PINS ROKU SPOT TWTR and Options Expiration
#CoveredCalls #BigLizards #OptionsExpiration – Tied up with a lot of non market stuff this week but did manage a couple trades as well as letting a few go the distance.
Bought to Close ROKU MAY 7 2021 320/320.0/327.5 Big Lizard @ 4.30 (sold for 8.35)
Expired:
PINS 67 Calls (sold for 1.90)
ROKU 325 Call (sold for 27.50)
SPOT 252/310 Bear Call Spread (sold for 8.35)
TWTR 55/70 Bear Call Spreads (sold for 2.21)
VXX Long Puts sold
Sold to close VXX1 JUN 18 2021 $10 Puts (ADJ) @ 1.51.
Purchased on May 07 2020 @ $0.94 and I’ve been writing against it weekly for almost a year.
And this was my highest cost lot.
I have two more lots @ 0.79 & 0.50
#VXXContango
OptionsExpiration
*Expired*
LABU 05/07/2021 100/85 Bear Call Spread
SQQQ 05/07/2021 11.50 Covered Call
SQQQ 05/07/2021 12.00 Diagonal Call
TLRY 05/07/2021 32.0/25.0 Bear Call Spreads
VXX1 05/07/2021 10.50(adj) Covered Calls
VXX1 05/07/2021 11.00(adj) Covered Call
VXX1 05/07/2021 11.50(adj) Covered Calls
VXX1 05/07/2021 26.0/15.0(adj) Bear Call Spreads
VXX 05/07/2021 41.0 Covered Calls
LABU 05/07/2021 50/63 Bull Put Spread
WFC 05/07/2021 30.0/44.50 Bull Put Spreads
*Assignments*
SLB 05/07/2021 29.50 Covered Calls
Everything else was rolled out a week.
LABU Put
I re-sold the LABU 05/07/2021 63.0 Put @ 0.45 that I covered early this morning @ 0.32 after the stock spent all day on the upside.
It now looks like it will expire.
VXX Put Roll
Bought to close VXX May 07 2021 37.5 Puts / Sold to Open VXX May 14 2021 36.0 Puts at $0.13 Credit.
Sold against long July 25.0 Puts already in the account.
#VXXContango
SPX trades
#SPX1dte Sold to Open $SPX May 10th 4155/4175-4275/4295 iron condors for 1.05, SPX at 4234, IV 8%, deltas -.07 +.08
Today’s closing to follow in comments.
Final LABU Put rolled
Bought to close 1 LABU May 07 2021 63.0 Put at $0.32. Sold this at $1.30 earlier this week.
Sold to Open 1 LABU May 14 2021 60.0 Put at $1.62
#tqqq BTC TQQQ 7 MAY…
#tqqq
BTC TQQQ 7 MAY 94.5 PUT @.02./had sto @ 1.20
LABU Puts Rolled (too early)
Rolled short LABU 05/07/2021 69.0 Put to next week’s 67.0 Put for a 0.10 Credit
Rolled short LABU 05/07/2021 67.0 Put to next week’s 65.0 Put for a 0.26 Credit
Rolled short LABU 05/07/2021 65.0 Put to next week’s 62.0 Put for a 0.20 Credit.
I still have a 63.0 Put for this week to deal with and a short 85.0 Call that will expire.
Options Bistro 