#ShortPuts – Sold TQQQ MAR 5 2021 90.0 Put @ 2.30
Category Archives: Uncategorized
TWTR Earnings
#JadeLizards #Earnings – Taking the small winner.
Bought to Close TWTR FEB 12 2021 52.5/60.5/61.5 Jade Lizards @ 1.00 (sold for 1.40)
Closed BuPS on PINS
https://coveredcallswithjeff.wordpress.com/2021/02/09/closing-bups-on-pins-profit-1051-in-27-days-return-on-capital-of-21-or-284-annualized/
Iron Condor on CHWY
This is only the second or third Iron Condor I have traded…..based on Tastytrade recommendation.
https://coveredcallswithjeff.wordpress.com/2021/02/09/chwy-iron-condor-mar-19-75-95-125-145-net-credit-5-29/
AYX Puts Closed
#shortputs
$AYX BTC 2/19 150 put at 16.73. STO at average price of 26.50 Thank you @jsd501
TWTR Earnings
#JadeLizards #Earnings – I rarely trade this but taking a shot here. Playing it to the downside with no upside risk.
Sold TWTR FEB 12 2021 52.5/60.5/61.5 Jade Lizards @ 1.40
SPX trades
#SPX7dteLong Bought to Open $SPX Feb 16th 3895/3915-3925/3945 iron condors for 15.60, with SPX at 3917.
SOXL,
STO March 19, 490 put at 25.80 with stock at 596
VXX Contango Special
Bought to open VXX Jun 18 2021 9 Puts / Sold to Open VXX Feb 12 2021 16.0 Puts @ 0.03 Credit.
Short DTE = 3
Long DTE = 129
#VXXContango
TSLA
#ShortPuts – Going for the quickie. Selling almost 2x the expected move and below the 50ma.
Sold TSLA FEB 19 2021 700.0 Put @ 4.36
SOXL
#ShortPuts – In and out of this a couple times already. Probably ride this one into next week hoping it takes some heat for a better March sale. 15:1 split on March 1st.
Sold SOXL FEB 19 2021 495.0 Put @ 3.50
SNOW
#ShortStraddles #ShortPuts – Booking the straddle and re-selling just the put side. Eliminating upside risk. Very rollable especially as earnings approaches.
Bought to Close SNOW FEB 12 2021 325.0/325.0 Straddle @ 25.20 ( sold for 51.80)
Sold SNOW FEB 12 2021 310.0 Put @ 6.50
PLTR Strangle
#shortstrangles
$PLTR STO 2/12 35/40 strangle at 1.06
NNDM Puts Closed
#shortputs
$NNDM BTC 2/19 12.5 puts at .10. STO at 2.75. Leaving some to expire
NVDA Early
BTC $NVDA Feb-19-2020 490/500 #BuPS @0.12. Was STO @1.50 as part of a roll on 1/25.
SNOW call it pre-earnings now
#ShortPuts – Rolling up for additional credit. Earnings finally confirmed for March 3rd.
Rolled SNOW FEB 26 2021 275.0 Put to FEB 26 2021 295.0 Put @ 5.45 credit (12.95 total now)
PLTR
#ShortPuts – Sold these before I knew what the earnings date was. Taking them here and looking for something new next week. Earnings on the 16th before the open.
Bought to Close PLTR FEB 26 2021 24.0 Put @ .30 (sold for .95)
Bought to Close PLTR FEB 26 2021 25.0 Put @ .38 (sold for 1.22)
Bought to Close PLTR FEB 26 2021 26.0 Put @ .50 (sold for 1.53)
COUP
#ShortPuts – Big run. Looking for some weakness for earnings now.
Bought to Close COUP FEB 26 2021 285.0 Put @ .40 (sold for 4.20)
Closed CC on CFG, Picked up Dividend
NVDA BUPS Closed
#bups
$NVDA BTC 2/19 500/520 BUPS at .60. STO at 8.53 on 1/4
MSTR
This is what the Reddit crowd wanted GME to be. LOL Crazy.
GME 2/26
Sold $GME 2/26 85/95 bear call spread @ 1.35
REGN
ShortPuts – Selling at the expected move. This would get me in below recent lows and over 30 percent off the highs. Looking to sneak in a couple call sales on rallies also.
Sold REGN MAR 19 2021 450.0 Put @ 7.50
SPX trades
#SPX7dteLong Bought to Open $SPX Feb 12th 3875/3895-3905/3925 iron condors for 15.30, with SPX at 3901.
Expected to expire with max credit of 20.00: Feb 8th 3840/3860 call spreads. Condors bought for 16.85 last Tuesday.
#SPX1dte Expected to expire worthless: Feb 8th 3790/3810-3935/3955 condors, sold Friday for .90.
LGVW Put
#shortputs
$LGVW STO 2/19 20 put at 1.00
Following @fuzzy on $LAZR 27 and 28 puts. Thanks
#closing OXY March 5 and…
#closing OXY
March 5 and 6 I looked into my crystal ball and started trading OXY and OXY promptly dropped to around 10 from the 30s. The dividend of .79 went to .01. Through several trades, rolls and assignment, I closed today, making about $1500.
LABU,
BTC February 19, 60 puts at .05
TQQQ,
STO January 2022, 50 puts at 7.55
#closing TWTR #shortstrangles Dec. 18,…
#closing TWTR #shortstrangles
Dec. 18, sold Feb. 19, 45/70 for 2.94, bought today for 1.05. TWTR has been almost straight up with everything else since Jan. 15.
ABNB
STO $ABNB Mar-05-2021 150/160 @1.87. Short Put @16.5delta. Can do a few pennies better now.
LAZR
#ShortPuts – Adding one strike higher than last sale in this week.
Sold LAZR MAR 5 2021 28.0 Puts @ 1.60
ZM
STO $ZM Mar-05-2021 $335/345 #BuPS @2.10. Partial fill. Short put was at 18delta when I put the order in. Earnings are Mar 01.
TQQQ,
BTC February 12, 52.5 puts at .01
That is all I have this week.
PINS
#ShortPuts – Adding at the expected move and the 50ma.
Sold PINS MAR 5 2021 70.0 Puts @ 1.40
SOXL
#ShortPuts – Sure didn’t think this would fill already. Sold on Friday morning.
Bought to Close SOXL FEB 19 2021 495.0 Put @ 7.00 (sold for 13.00)
NVDA
BTC Feb-12-2021 $NVDA 490/500 #BuPS @0.10. Was STO @1.68 on Jan-21-2021.
Is Robinhood effect over?
Week ending 02/05:
Ethereum $ETH: +30%
Bitcoin $BTC: +14%
S&P 500 $SPY: +5%
Macerich $MAC: -17%
Tootsie Roll $TR: -21%
Bed Bath $BBBY: -25%
Nat. Beverage $FIZZ: -28%
Vol Index $VIX: -37%
New Concept $GBR: -39%
Express $EXPR: -48%
AMC $AMC: -48%
Koss $KOSS: -69%
GameStop $GME: -80%
VIX
$VIX futures contango settled at 10.58%
Headwind for $VXX and $UVXY
Expirations
assignment’s
BAC @ 30.00 had call sto .40 cost @29.93
………………………..
stc of SJNK @27.15/dividend had dropped to 4% ish%.
moving money to QYLD ,almost 12% a year dividend, in 401 rollover
Expirations
$GME 2/5 300/310 bear call spread
$GME 2/5 170/180 bear call spread
$GME 2/5 190/195/200 iron fly (this was a nearly free trade, sold for 4.98 last Friday), expires for 5.00, loss of .02
$TQQQ 2/5 62.50 puts
$UVXY 2/5 12/17 bear call spread
Have a great weekend everyone.
Upside Warning in effect
#VIXIndicator Well, that was a quickie. Back to the moon!
Expiration
#optionsexpiration
$LAZR 29 put
$PINS 65 Put
$MARA 22.5 put
$DKNG 58.5 put
$MRVL57 call
$GME BECS 180/170 Thank you @ramie77
Options Expiration:
== Expired ==
GME 02/05/2021 520/530 Bear Call Spread
SLB 02/05/2021 25.50 Diagonal Calls
VXX 02/05/2021 20.0 Diagonal Calls
VXX 02/05/2021 21.0 Diagonal Calls
VXX 02/05/2021 22.0 Diagonal Call
VXX 02/05/2021 24.0 Diagonal Calls
VXX 02/05/2021 25.0 Diagonal Calls
VXX 02/05/2021 26 Diagonal Calls
WFC 02/05/2021 33.0 Diagonal Calls
GME 02/05/2021 8.0 Short Puts
GME 02/05/2021 9.0 Short Puts
GME 02/05/2021 10.0 Short Puts
GME 02/05/2021 11.0 Short Puts
GME 02/05/2021 40.0 Diagonal Put
SLB 02/05/2021 25.0 Short Puts
== Assignments ==
GME 02/05/2021 40.0 Covered Call (put the trade on this week for $38 debit)
SLB 02/05/2021 20.50 Covered Calls (dumping long stock purchased several years ago at much higher prices. Redeploying the resulting cash)
AMC
Somebody made a buck or two getting out
Ticker Top Insider Trading Date Transaction Value($)
OTLK Sukhtian Ghiath M. Feb 02 Buy 8,360,000
BDGE BASSWOOD CAPITAL MAN Feb 02 Buy 6,915,225
MSM JACOBSON MITCHELL Jan 29 Buy 5,290,780
AMC Silver Lake Group, L Jan 27 Sale 534,752,119
DCT Disco (Guernsey) Hol Feb 02 Sale 273,264,840
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 8th 3790/3810-3935/3955 iron condors for .90, SPX at 3884, IV 9.5%, deltas -.06,+.06
TWTR Put Close
#shortputs
$TWTR BTC 2/19 45 put at .40. STO at 3.00
AARK
#ShortPuts – 3 weeks early.
Bought to Close ARKK FEB 26 2021 125.0 Put @ .65 (sold for 2.95)
BuPS on PTON….looking or a bounce
https://coveredcallswithjeff.wordpress.com/2021/02/05/new-bull-put-spread-on-pton/
TQQQ,
STO June 18, 50 put at 3.10
STO June 18, 55 put at 3.85
STO, June 18, 60 put at 4.75
STO, June 18, 65 put at 5.70
VXX Puts Rolled down
Bought to close 02/05/2021 17.50 Diagonal Puts / Sold VXX 02/12/2021 17.0 Puts @ 0.01 Credit
Bought to close 02/05/2021 17.0 Diagonal Puts / Sold VXX 02/12/2021 16.50 Puts @ 0.06 Credit
ALRM,
STO March 19, 85 puts at 2.05
VXX Calls Closed
Bought to close 02/05/2021 18.50 Diagonal Calls @ 0.01. Sold on a rollup last Friday @ 2.42
Letting all the other VXX short calls expire
ZM pre-earnings
#ShortPuts – Following @jsd501 . Stock breaking out so selling the 200ma and recent lows the week before earnings.
Sold ZM FEB 26 2021 355.0 Put @ 4.00
SPX 1-dte
#SPX1dte Bought to close $SPX Feb 5th 3905/3925 call spreads for .15, when SPX was at 3882. Stop hit at the open so closed it. Put side expected to expire. Condors sold yesterday for 1.05
GME Puts closed
Bought to close GME FEB 05 2021 $23 PUTS @ 0.01. They won’t trade any lower.
Sold these yesterday for 0.18 and 0.21
DDOG,
STO March 19, 90 put at 1.55
TQQQ
#ShortPuts – Taking another one a month early.
Bought to Close TQQQ MAR 5 2021 65.0 Put @ .55 (sold for 2.56)
SMAR,
STO March 19, 60 put at .95
ZM, STO February 19, 395 put at 12.10
GP, STO February 19, 30 put at 2.50
TSLA reload
STO Mar-12-2021 740/750 #BuPS @2.15. Short side at 20delta.
NFLX BUPS Partial Closure / ONEM BUCS Partial Closure / TQQQ NET Puts Closed
#bups
$NFLX BTC 2/19 515/530 BUPS at 2.81. STO at 5.85
#bucs
$ONEM STC 2/19 45/55 BUCS at 8.00. BTO at 2.65 Thank you @jsd501
#shortputs
$TQQQ BTC 2/19 55 put at .10. Thank you @fuzzballl
$NET BTC 2/19 70 put at .60.
PINS
#ShortPuts – Small starter just to stay involved.
Sold PINS MAR 19 2021 65.0 Puts @ 1.25
SPY Close and roll
Sold to close SPY 02/05/2021 385.0 Calls @ 3.25 on the open. Bought these @ 2.67
These were excess longs from earlier bear call spreads where the short expired.
Then I rolled one of the shorts expiring today.
Bought to close Buy to Close 1 SPY Feb 05 2021 382.0 Call / Sold to Open 1 SPY Feb 16 2021 385.0 Call @ 0.03 Credit but bumped the strike up 3 points.
NFLX
#ShortPuts – Selling outside the expected move and down at the 200ma.
Sold NFLX MAR 12 2021 490.0 Put @ 5.00
SNOW
#ShortStraddles – Rolling out a week.
Rolled SNOW FEB 5 2021 325.0/325.0 Straddle to FEB 12 2021 325.0/325.0 Straddle @ 8.05 credit (51.80 total now)
AMC
Roll $AMC Feb-05-2021 14 #ShortPuts // Feb-12-2021 @0.50 credit.
Was part of the $4.55 Jade lizard from 2/1/2021. Call side is expected to expire worthless. Basis now $8.95, stock at $7.80
GME
Sold To Open GME FEB 05 2021 $40 PUT @ 1.77 while buying the GME MAR 19 2021 $10 PUT @ 0.50 to lower the margin requirements a bit.
The short expires today
PINS SNAP Earnings
#ShortPuts – Both worked out nicely.
PINS:
Stock being called away at 65.00 (basis 61.80)
Bought to Close PINS FEB 5 2021 67.5 Puts @ .05 (sold for 1.50)
SNAP: Good enough. Stock hardly moved.
Bought to Close SNAP FEB 12 2021 47.5 Puts @ .15 (sold for .95)
Bought to Close SNAP FEB 12 2021 48.0 Puts @ .24 (soold for 1.00)
SOXL
#ShortPuts – Jumping back in at a pretty aggressive strike just inside the expected move and at the 50ma. Maybe #TakeOneForTheTeam .
Sold SOXL FEB 19 2021 495.0 Put @ 13.00
TSLA ZM Early
GME Puts closed
Bought to close GME FEB 05 2021 $15 PUTS @ 0.01. They won’t trade any lower.
Sold these for of 0.40 on 01/29
TQQQ,
BTC 62.5 puts at .01, sold at 1.40 and that is all for this week.
AMC Puts closed
Bought to close AMC FEB 05 2021 $5 PUTS @ 0.01. They won’t trade any lower.
Sold these for an average of 0.36
That leaves me with long March and June strike 2 puts that are fully paid for as “lottery tickets”
January Jobs Report
#Jobs — Hiring resumes.
Gain of +49,000 non-farm payroll jobs, vs. expected gain of 50K
Unemployment at 6.3%, down by 0.4
U6 unemployment at 11.1%, down by 0.6
Labor force participation 61.4%, down by 0.1
Dec jobs revised down by -87K to -227K
Nov jobs revised down by -72K to +264K
SPY, LABU
BTC SPY 19 Mar 320 Put @ 1.09…STO these 1/29 @ 4.00 #shortputs
BTC SPY 19 Feb 350/347 BUPS @.08….STO these 1/14 @ 0.29 #spycraft
BTC LABU 19 FEB 95 Put @.45…..STO these 1/21 @ 3.50…Thankyou @fuzzballl #shortputs
XBI,
STO June 125 puts at 3.00, stock at 162
Options Bistro 