Sold $SPX 12/2 3505/3530/3660/3685 iron condor @ 4.30. Short puts 13 delta, short calls 15 delta.
Category Archives: Uncategorized
TQQQ
#ShortPuts – Sold TQQQ JAN 15 2021 95.0 Put @ 2.00
VXX Diagonal Calls
Sold all the following on the move of VXX to 18 :
VXX Dec 04 2020 20.0 Calls at $0.23
VXX Dec 04 2020 20.5 Calls at $0.19
VXX Dec 04 2020 21.0 Calls at $0.15
Replaces similar calls that expired Friday.
#DoubleDip
AAL BePS
BTO 11 Dec 14.5/13.5 BePS for .51
#closing TWTR Nov. 11, sold…
#closing TWTR
Nov. 11, sold a 39 put for 1.00, post earnings. I bought it today for .19.
BABA
#ShortPuts – Lots of uncertainty with the vote on Wed so taking a small winner now.
Bought to Close BABA DEC 11 2020 250.0 Put @ 1.90 (sold for 3.35)
APPS,
STO December 18, 35 puts at .65, I should have waited.
SPX 7-dte
#SPX7dteLong Sold to close $SPX Nov 30th 3625/3605 put spreads for 6.10. Condors bought last Tuesday for 15.65. trading in the dead zone this morning but I am banking that we won’t go much lower and will rebound into afternoon, so i can get some scratch for the call side. Likely a loss, but fortunately this was the cheapest i have ever paid for a condor in this strategy.
DKNG MRVL Put
$DKNG STO 12/4 51 put at 1.30
$MRVL STO 12/4 43.50 put at .75
IB Nov Update and Positions
https://coveredcallswithjeff.wordpress.com/2020/11/30/good-nov-in-ib-account-but-not-back-to-high/
Smasty – looking for input/comment
I established a CC + Put Protection (*.98) strategy for SDC. SDC has moved up from $9.72 to $12.10. I rolled the short calls from $9.50 to $11 to $12. The Put was at $8.50 and it is now worth $0. Would you usually roll the Put up when the stock runs up as the appreciation is no longer protected or just let the stock get called (assuming it stays above $12) away and do a reset.
Expirations
$NIO 51 put
$DKNG 51.5 put
FSLR OSTK
#CoveredCalls – Just a couple rolls today. Not much else to do but sit and watch the time value come out of everything…
Rolled FSLR NOV 27 2020 81.0 Calls to DEC 31 2020 82.0 Calls @ .12 credit
Rolled OSTK NOV 27 2020 58.5 Calls to DEC 11 2020 59.5 Calls @ .29 credit
SPX trades
#SPX1dte Sold to open $SPX Nov 30th 3525/3545-3685-3705 iron condors for 1.05, SPX at 3630, IV 11.4%, deltas -.06,+.06
Expiring: Nov 27th 3570/3590-3680/3700 condors, sold Wednesday for 1.20.
#SPX7dteLong Expiring at max 20.00 credit: Nov 27th 3570/3590 call spreads. Condors bought for 16.00 on Monday.
INTC Covered Call rollup
Bought to close INTC Nov 27 2020 47 Call / Sold to Open INTC Dec 04 2020 47.5 Call at $0.17 Credit plus another $0.50 on the short strike.
I’m not ready to give away this stock just yet.
VXX Put rolldown
Bought to Close VXX Nov 27 2020 17.5 Puts / Sold to Open VXX Dec 04 2020 17.0 Puts at $0.09 Credit and lowered the strike 0.50.
TSLA
BTO TSLA Dec 04, 620 / 640 / 660 Call Butterfly @ $1.63 debit.
WFC Covered Ladder Rollup
Bought to close WFC Nov 27 2020 28.0 Calls / Sold to Open WFC Dec 18 2020 30.0 Calls @ 0.07 Credit.
Added $2.00 to the short strike.
This stock is running after multiple upgrades since the stock was 26 when I put on the original short call and is now over 28.
WBA Covered Call Rollup
Bought to Close WBA Nov 27 2020 40 Call at $0.07
Sold to Open WBA Dec 04 2020 40.5 Call at $0.29.
Added $0.50 to my short strike plus the 0.22 net credit.
This company seems to be shaking off the Amazon challenge to their business.
SLB Roll
Rolled SLB 11-27-2020 20 #CoveredCall // Dec-18-2020 20@ 0.25 credit.
DKNG Puts
$DKNG STO 11/27 51.50 puts at .30
$TSLA BUPS Closed / TSLA Roll CC
$TSLA BTC 12/18 392/400 BUPS at .20. STO at 2.78
$TSLA BTC 12/4 550 call and STO 12/11 570 call at debit of .58 but would gain $20 more if called away. Stock at $574. Since covering on 11/23, rolled twice and have netted 9.37 credit and added 45 if stock called away. Wish I had a net.
SQ Dec
Sold 12/18 185 put @ 2.25
SPX trades
#SPX1dte Sold to Open $SPX Nov 27th 3570/3590-3680/3700 iron condors for 1.20, SPX at 3633, IV 9.6%, deltas -.10, +.05. Leaning bullish for two reasons: I think we’ll go a bit higher into the close, and the half-day after thanksgiving is typically quiet.
Expiring: Nov 25th 3545/3565-3685/3705 condors, sold yesterday for 1.05
#SPX7dteLong Expecting a profitable expiration of Nov 25th 3615/3635, bought last Wednesday for 9.50. If I don’t get the max 20.00, it will still be a good trade.
O.T. It looks like the…
O.T. It looks like the day is finished early. Have a nice thanks giving to everyone.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Dec 2nd 3600/3620-3630/3650 iron condors for 16.00, with SPX at 3627.
Happy Thanksgiving
Health Prosperity and Happiness to all the bistroites.
Thankful for a lot and the Bistro Posse is one of them.
TSLA
BTC December 4, 400 put at .35, sold at 6.05, thanks to Fuzzball for that idea.
GOOGL
Taking a small spec. trade, BTO December 4, 1770/1785 bull call spread at 6.65 it looks like it wants to break higher.
NVAX Roll Call / PEP Call Close / TSLA Call Roll
$NVAX BTC 11/27 100 call and STO 12/4 105 call at added 1.48 credit and plus $5 if called away
$PEP BTC 11/27 146 call at .10. STO at 1.57. Covered by LEAP. Will sell again
$TSLA BTC 11/27 525 call and STO 12/4 550 call at debit of 2.48 but would gain $25 if called away. Stock at $563.
Naked Puts to Covered Call on SDC
https://coveredcallswithjeff.wordpress.com/2020/11/25/new-approach-to-entering-a-cc-position-selling-naked-put-getting-assigned-then-selling-calls/
Thanks Option Iceman.
VXX Rolls
Bought to close VXX Nov 27 2020 22.5 Puts / Sold to Open VXX Dec 04 2020 22.5 Puts at $0.11 Credit.
Bought to close VXX Nov 27 2020 21.5 Puts / Sold to Open VXX Dec 04 2020 21.5 Puts at $0.15 Credit.
Bought to close VXX Nov 27 2020 20.0 Puts / Sold to Open VXX Dec 04 2020 20.0 Puts at $0.25 Credit.
Because the market is never going down again I need to buy more time.
TDOC
#ShortPuts – Bought to Close TDOC DEC 04 2020 162.5 Put @ .25 (sold for 2.95)
DOCU & TSLA BWB
BTO DOCU Dec 04, 225 / 220 / 210 Broken Wing Put Butterfly @ $1.62 credit (downside b/e $213).
BTO TSLA Dec 04, 560 / 550 / 530 Broken Wing Put Butterfly @ $3.73 credit (downside b/e $537).
NVDA Covered Call
$NVDA STO 12/4 535 call at 8.50
TAN
#ShortPuts – I’ll take it a little early…
Bought to Close TAN DEC 18 2020 65.0 Puts @ .20 (sold for 1.35)
TSLA
#ShortPuts – Trading in two for a new one…
Bought to Close TSLA DEC 4 2020 400.0 Put @ .38 (sold for 5.80)
Bought to Close TSLA DEC 11 2020 325.0 Put @ .38 (sold for 4.25)
Sold TSLA DEC 11 475.0 Put @ 5.55
FYI, I use SMM and…
FYI, I use SMM and Minervini and right now Mark Minervini is cautious because he is not finding many good set ups and thinks we are over bought. SMM on the other hand thinks there is no alternative, TINA, so likes the market. My guess is that you have to watch the market and the pullbacks back to the MA’s. I think we go a bit higher into the end of the year unless there is a surprise event. Good luck.
SPY Roll
Bought to Close 1 SPY Nov 25 2020 357 Call / Sold to Open 1 SPY Dec 02 2020 358 Call at $0.39 Net Credit and bumped the strike price up a point..
Did this on the open because of possible liquidity issues on the pre-holiday.
CINF SPY VXX
Traveling today so posting all today’s trades:
Sold to Close 1 SPY Nov 27 2020 360 Call at $4.41 for a breakeven trade. Bought this as the long side of a SPY diagonal spread on 10/08 @ 4.38 and wrote against it a few times.
Sold t0 Open 1 CINF Dec 18 2020 85 diagonal call @ 1.05. Sold against an existing March 90 Call. Replacing a similar short call that expired Friday. #DoubleDip
Two new VXX Contango specials:
Bought to Open VXX Jun 18 2021 8.0 Puts / Sold VXX Dec 04 2020 17.0 Puts @ 0.06 Credit
Bought to Open VXX Jun 18 2021 7.0 Puts / Sold VXX Dec 04 2020 16.5 Puts @ 0.02 Credit
#VXXGame
TQQQ Put Closed
$TQQQ BTC 12/18 40 puts at .05. STO at 2.22. Thank you @jsd501
TSLA
STO….TSLA Jan 15 750/760/400 #jadelizard @$10.30…..No upside risk and b/e down at $389….
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 25th 3545/3565-3685/3705 iron condors for 1.05, SPX 3632, IV 14.2%, deltas -.06,+.07
SOXL,
BTC 55 puts at .05, these were sold a long time ago at 2.05
GDXJ
#ShortPuts – A small starter just to get some gold exposure…
Sold GDXJ JAN 15 2021 42.0 Puts @ .90
#fallingknife ARWR #shortputs ARWR is…
#fallingknife ARWR #shortputs
ARWR is down 7 after earnings, sold Dec. 18, 50 put for 1.00, stock at 61.
TQQQ,
STO December 4, 130 put at 1.41
STO December 11, 120 put at 1.65
SPX-7dte
#SPX7dteLong Sold to close partial of the $SPX Nov 25th 3615/3635 call spreads for 7.00… I’ll say these are the ones I added for 3.75 on Thursday. But I was too early as Upside Warning finally showing its strength with the vertical slope today… spreads are now at 11.45 and rising. Must decide whether to close today or wait for possible max credit tomorrow.
Also, bought to open $SPX Nov 30th 3605/3625-3635/3655 for 15.65, with SPX at 3630.
NFLX BWB
NFLX currently trading @ $478.50
BTO NFLX Dec 04, 490 / 480 / 460 Broken Wing Put Butterfly @ $1.40 credit
No risk to the upside (keep the credit) – downside breakeven $468.
Happy Healthy Thanksgiving To All
Especially to @jeffcp66 for all his inspiring trades and site wallpaper. And do not forget the podcasts.
Thanks to all for your wisdom and your sharing.
Stay well.
NIO Covered Strangle / TSLA Call Roll / TSLA Call / Electrifying
#shortstrangles
$NIO STO 11/27 51/55 covered strangle at 2.90
#syntheticcoveredcalls
$TSLA BTC 12/4 525 call and STO 12/11 540 call at added $2 credit. Sold against 12/18 long 450 call.
#coveredcalls
$TSLA STO 11/27 525 call at 12.79
MRO Covered Calls
Sold MRO Dec 18 2020 7.0 Covered Calls @ 0.11
LABU
STO March 40 puts at 2.30
#shortputs UAL
#shortputs UAL #closing CHGG
CHGG Oct. 26, sold a Nov. 20, 70 put for 1.60 at the exact wrong time, post earnings. Nov. 17 rolled to Dec. for 2.22. Closed today for 2.75.
UAL Sold Dec. 18, 38 put for 1.30
VXX Contango Special
Bought to Open VXX Jun 18 2021 9 Puts / Sold to Open VXX Dec 04 2020 17.5 Puts at $0.06 Credit.
Long side = 207 DTE
Short side = 11 DTE
#shortputs CVS #coveredcalls GPS CVS…
#shortputs CVS #coveredcalls GPS
CVS Sold Dec. 18, 65 put for 1.02
GPS sold Nov. 27, 28 call for .52 GPS has earnings Tuesday.
TSLA Iron Condor
TSLA almost a #jadelizard @smasty160 follow:
Sold Jan 300 / 380 – 740 / 750 Iron Condor @ $6.92 credit.
The long $300 put is for bankruptcy protection.
NVDA BWB
NVDA currently trading @ $526.50
BTO NVDA Dec 11, 530 / 520 / 500 Broken Wing Put Butterfly @ $2.67 credit
No risk to the upside (keep the credit) – downside breakeven $507.
If NVDA starts moving down towards the lower long strike will add a half cover of long Dec 11 / Dec 18, $495 put Calendars. They are currently selling at $3.00. Could add them now and take off later – they have a wide profit window from $470 to $520 and should hold their value rather well during the early days of the trade. The calendars reduce delta and the negative vega allowing me to stay in the trade longer if required.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Nov 27th 3540/3560-3570/3590 iron condors for 16.00, with SPX at 3568.
TQQQ
#ShortPuts – Thanks @jsd501 I didn’t see the little drop there. Adding to the ladder.
Sold TQQQ JAN 15 2021 90.0 Put @ 2.65
COST – Unbalanced Condor
COST @ $382
BTO 1 x COST Nov 20: $385 /$380 long PUT Vertical @ $ 2.77 debit
STO 2 x COST Nov 20: $375 / $370 short PUT Vertical @ $1.62 credit (x 2)
Total credit of $0.51 for the unbalanced Condor. Downside breakeven is around $372. No risk to the upside. Almost a carbon copy of a recent November trade, but this time for a credit and a wide profit zone.
TQQQ
STO December 24, 105 puts at 2.30, scaling in small trades.
BIIB
#CoveredCalls – Replacing this week’s a little early..
Sold BIIB DEC 18 2020 265.0 Call @ 5.70
EDIT: On second thought I don’t trust this thing to the upside with the rumors that must be floating around. No extra call sales on this one.
Bought to Close BIIB NOV 27 2020 260.0 Call @ .24 (sold for 2.35)
RH BWB
RH currently trading @ $442
BTO RH Dec 18, 460 / 440 / 410 Broken Wing Put Butterfly @ $2.25 credit
No risk to the upside (keep the credit) – downside breakeven $415.
Going back to the well on this one (mea culpa) – but RH never goes down for long!
AAL Covered Call
Sold 1 AAL Dec 18 2020 17.0 Call @ 0.17.
Bought the stock back on 3/17 @ 17.01 and I’ve been writing against it ever since.
NFLX
#ShortPuts – Stay at home stocks selling off a little again today. How low can they go? Once again selling outside the expected move and well below the 200ma. Also about 3 weeks prior to earnings so very rollable if needed…
Sold NFLX DEC 31 2020 425.0 Put @ 4.20
TSLA #jadelizard My Dec TSLA…
TSLA #jadelizard
My Dec TSLA Jade came off this morning for 50% profit, here’s a Jan reset:
$380 put (sell)/$740 call (sell)/$750 call (buy) $9.80 credit. $9.80 cr on a $10-wide call spread leaves $20 net risk to upside. BE delta is 9 on the downside. Basically risk free to upside.
Happy Thanksgiving!
Sue
PFE Call Was Exercised
$PFE 11/20 39 call
Stock closed at adjusted price of 38.88. Call holder
exercised at 39. Stock called away. Previously reported as expired. Ooops!
TDOC
#ShortPuts – Selling at the expected move, near recent lows and below the 200ma…
Sold TDOC DEC 24 2020 170.0 Put @ 2.96
WBA
Early roll to get the strike where I want it.
Bought to close WBA Nov 27 2020 38.5 Calls / Sold to Open WBA Dec 04 2020 40 Calls at $0.02 Credit.
Did a lateral roll out 2 weeks just before the Ex-Div date and before the Amazon announcement that tanked the stock.
I think the stock recovers by year end barring a sharp market selloff
IIPR
R
BTC December 18, 100 puts at .05, sold at 2.20
OptionsExpiration
BOOT #coveredcalls 35 call, #assignment, finally profitable on a long suffering position
GPS #coveredcalls 25 call
NKTR #shortputs 16 put
FEYE #shortputs 13 put
MRNA #shortputspread 65/70
M #shortputs 8 put 5 put
NKLA #shortputs 15 put
OXY #shortputs 8 put
DKNG #shortputs 40 put
WBA #shortputs 35 put
CCL #shortputs 12 put
UAL #shortputs 35 put
UNG #shortputs 8 put
CCL #coveredcalls #assignment 16 call
CNQ #coveredcalls #assignment 20 call
M #coveredcalls #assignment 8 call
OptionsExpiration
Expired:
WSM 92.5 / 97.5 – 110 / 115 Call (Unbalanced Iron Condor 1 x 2) – keep the $3.73 credit
TWLO 220 / 240 / 250 Put Butterfly – keep the $0.86 credit
RH 340 / 360 / 370 Put Butterfly – keep the $3.15 credit
IBB 137 Put / 143 Call strangle – keep the $8.45 credit
ZM 440 / 450 Put – 680 / 690 Call (Iron Condor) – closed out the ITM put spread for $7 debit. Glad it was only 1 contract!
Assignments:
BABA 292.5 / 312.5 / 322.5 long Put spread – $10.00 credit – (part of 292.5 / 312.5 / 322.5 BWB Put Butterfly that was split up with the ITM 312.5 / 292.5 ITM short put spread rolled out to January (see here )
PFE 38.5 Call – exercised, so my PFE stock called away – a messy change of option contracts due to the merger/demerger. Happy to have this cleaned up.
Expiration
#optionsexpiration
$TQQQ 35 put Thank you @jsd501
$NVTA 45 put
$TDOC 170 put Thank you @fuzzballl
$RDFN 55 calls
$NEO 50 calls
$VSTO 25 calls
$TLRY 9 calls
PFE 39 calls
$NVDA 535 calls
$DKNG 45 put
$DKNG 40 put Thank you @thomberg1201
$NEO 40 put
$PSTG 17.5
$VSTO 20 put
$T 26.5 put
$OLLI 82.5 put
$LI 22.5 put
$LI 25 put
$FTCH 44 put
$PLUG 23 put
VXX After the bell
Sold these to balance out some of my short puts with VXX @ 18.60
VXX Nov 27 2020 21.5 Calls at $0.1833
VXX Nov 27 2020 22 Calls at $0.15
VXX Nov 27 2020 22.5 Calls at $0.12
I have short Puts at these strikes that are currently ITM.
FYI
Markets will close early at 1:00 p.m. (1:15 p.m. for eligible options) on Friday, November 27, 2020, and are closed Thursday for Thanksgiving.
Options Bistro 