$NVDA 11/6 505 put closed at .65. STO at 9.67. Thank you @fuzzballl
Category Archives: Uncategorized
TQQQ
STO November 20, 165 calls at .75 and 1.05 so average cost is .90 and these are covered calls.
AAPL
#ShortPuts – I’ll take the quickie. Only playing for the oversold bounce on earnings…
Bought to Close AAPL NOV 20 2020 110.0 Put @ 1.90 (sold for 5.45)
OSTK
#ShortCalls – Selling against short puts…
Sold OSTK NOV 20 2020 75.0 Calls @ 1.40
TQQQ
#ShortPuts – Completely out of it again…
Bought to Close TQQQ NOV 6 2020 105.0 Put @ .19 (sold for 2.35)
Bought to Close TQQQ NOV 13 2020 90.0 Put @ .34 (sold for 2.50)
Bought to Close TQQQ NOV 20 2020 80.0 Put @ .45 (sold for 2.10)
SPX 7-dte
#SPX7dteLong In pre-market, bought to open $SPX Nov 9th 3400/3420-3430/3450 iron condors for 18.20, with /ES at 3405, which roughly is equivalent to SPX 3414.
VIX collapse
down 13% pre-market
EWZ
#ShortPuts – Sold EWZ NOV 20 2020 25.5 Puts @ .60
SPX 7-dte (-ish)
#SPX7dteLong This is only 3-dte, the shortest period for which I have bought one of these, but volatility has been strong and premium too high, so I’m going with a shorter time frame since market is pretty certain to move this week.
Bought to Open $SPX Nov 6th 3345/3365-3375/3395 iron condors for 18.35, with SPX at 3370.
TQQQ
BTC November 13, 170 call at .15, sold at 1.41, Reduced my risk since this was a naked call.
BIIB Diagonal Put
Bought to Open 1 BIIB Jan 15 2021 180 Put / Sold to Open 1 BIIB Nov 06 2020 220 Put @ $3.00 Net Credit.
Hoping the 3 year low holds for 3 more days . BIIB is at 246
BTW: The put premium for Friday was $6.70
TQQQ
BTC November 6, 105 puts at 1.30, sold at 1.70 just want to reduce risk this week.
VXX
Playing for an eventual VIX collapse back into the 20’s and a return of VXX Contango.
Bought to open VXX 06/18/2021 7.0 Puts / Sold to open VXX 11/06/2020 21.50 Puts @ 0.08 Credit.
Bought to open VXX 06/18/2021 8.0 Puts / Sold to open VXX 11/06/2020 21.50 Puts @ 0.03 Credit.
I don’t think I have to worry about this week but the short can be easily rolled down is VXX drops from 25 to 21.50 by Friday.
btw: my short VXX 33.00 diagonal calls for this week are still trading @ 0.51 with VXX at 24.60.
Insane premium.
But that is why I’m loading up on the put side.
SPY
Sold 1 SPY 11/04/2020 342.0 Diagonal Call @ 1.32.
Hedged with an existing long December 355 call. #DoubleDip
Easily rollable if I miscalculated tomorrow’s move.
SLB WBA WFC Covered Calls
Sold SLB 11/06/2020 17.50 Covered Calls @ 0.09
Sold WBA 11/06/2020 37.50 Covered Calls @ 0.23
Sold WBA 11/06/2020 38.00 Covered Calls @ 0.17
Sold WFC 11/06/2020 24.00Covered Calls @ 0.08
Liquor run for election night covered 🙂
SPY
#ShortPuts – My one higher risk election play for fun. Going out a little but selling aggressively inside the expected move.
Sold SPY NOV 20 2020 322.5 Put @ 6.10
Markets
According to a study by Bloomberg’s quants Lily Gu and Bryan Liang, who looked at how options markets are positioned for the election, the market is split in two in terms of what it expects will happen on Nov 4: as shown in the chart below, the equity options market showed a 54% chance of a upside movement (+2.7%) between Nov. 2 and Nov. 4, and 45% chance of a larger drop (-3%).
ADBE roll down
Rolled $ADBE 550/560 bear call spread down to 485/495 for 1.35 credit. Part of iron condor with 450/440 bull put spread. Total premium taken in 4.79.
ZM roll down
Rolled $ZM 560/570 bear call spread down to 500/510 for 1.55 credit. Paired with 460/450 bull put spread. After two roll downs of the bear call spread side, total premium taken in is now 5.79.
SPX trades
#SPX1dte Expiring: $SPX Nov 2nd 3045/3065-3360/3380 condors, sold Friday for 1.10.
#SPX7dteLong Expiring at max credit of 20.00: Nov 2nd 3395/3375 put spreads. Condors bought for 17.50 last Tuesday.
I have an order in to buy a Nov 6th condor for 18.35. Volatility and premium are high so I won’t get filled unless things calm down into the close.
LABU
#ShortPuts – Adding one…
Sold LABU DEC 04 2020 35.0 Put @ 1.65
IBM
I’m long IBM and think the recent beating it has taken is rather overdone.
Sold IBM 1 x 3 x 2 Nov 13 2020: 110 / 115 / 120 Call Unbalanced Butterfly @ 0.32 debit.
This is a punt where I am willing to take on the task of managing a short 2 x 115 / 120 call spread, especially as that means I pocket 5 points from the 110 / 115 long call spread.
Limited downside risk (cost of the debit). Upside breakeven point @ $117.
MGM Put Rolled / NIO Call / T Put
$MGM BTC 11/6 22 put and STO 11/13 21.50 put at even
$T STO 11/20/26.5 put at .45
$NIO STO 11/6 36 calls at .75. Against stock that was assigned Friday at $31
TRADES:
AAPL STC AAPL STOCK @110.20
KRE STO 11/6/20 43.0 CALLS @.67
KRE STO 11/6/2039.0 PUTS @.34
VIAC STO 11/6/20 31.0 CALLS @.77 Earnings this Friday, 11/6/20, I will be out, as is my wont.
BIIB
#ShortStrangles – @OptionIceman pointed this out the other day. Great premium in it…
Sold BIIB NOV 6 2020 220.0/315.0 Strangle @ 7.21
TSLA
#ShortPuts – Nice reversal from Friday. I’ll take it early and look for something new on a pullback…
Bought to Close TSLA NOV 06 2020 350.0 Put @ 2.55 (sold for 5.94)
Malls Dragged Into Bankruptcy by…
Malls Dragged Into Bankruptcy by Carnage Among Retail Tenants
Pennsylvania Real Estate Investment Trust and CBL & Associates Properties Inc. sought protection from creditors Sunday, citing pandemic-induced pressures on their tenants and, in turn, themselves. Together the two REITs account for some 87 million square feet of real estate across the U.S.,
https://www.bloomberg.com/news/articles/2020-11-02/malls-dragged-into-bankruptcy-by-carnage-among-retail-tenants
#assignment #coveredcalls TWTR #earnings assigned…
#assignment #coveredcalls TWTR #earnings
assigned TWTR from an Oct. 30, 44/63 earnings trade.
Sold 40.50 covered call for 1.46.
Last Week and Oct/YTD Results – Tough week/month
https://coveredcallswithjeff.wordpress.com/2020/11/02/tough-week-and-oct-month-end/
$VIX
If Biden wins the VIX falls
If Trump wins the VIX falls
If it’s not settled we are in for some fireworks for a while.
http://vixcentral.com/
SPX expiration
Expiring today: $SPX 10/30 3190/3215/3375/3400 iron condor
SPX trades
#SPX1dte Sold to Open $SPX Nov 2nd 3045/3065-3360/3380 iron condors for 1.10, SPX 3254, IV 26.9%, deltas -.06,+.05. Volatility is finally giving me a proper distance on the put side.
#SPX7dteLong Expiring at max credit of 20.00: Oct 30th 3390/3370 put spreads. Condors bought for 17.65 on Monday.
VXX
Bought to close 1 VXX Oct 30 2020 26.5 Call @ $0.32. Sold @ 0.45
Bought to close 1 VXX Oct 30 2020 27.0 Call @ $0.05. Sold @ 0.39.
Covered just minutes before the SPY exploded higher and VXX fell @ 3:56
So I sold 1 VXX 11/06/2020 23.0 Put @ 0.54. (positive cash flow)
My VXX short calls and short puts are now almost in balance for next week’s fireworks.
(Short Calendar Iron Condor Spreads)
Calls from 26.50 up to 33.0. Puts from 23.0 down to 21.50
ADS Roll
Bought to close ADS 10/30/2020 51.00 Diagonal Calls / Sold to open ADS 11/06/2020 55.00 Diagonal Calls @ 0.55 Credit plus 4 points on the strike for one more week.
ADS is at 51.16 so the 51 call is in the money
GILD Put
Decided to roll this instead of taking assignment. The EX Dividend date is not until December so no need to commit the cash just yet.
Bought to close GILD 10/30/2020 60.0 Put / Sold GILD 11/27/2020 58.0 Put @ 0.22 Credit and lowered the short strike 2 points to within a point of the 52week low of 57.04 set just yesterday after #Earnings
Halloween
ADS Roll
Bought to close ADS 10/30/2020 52.00 Covered Calls @ 0.05. They won’t trade any lower.
To replace those I sold ADS 11/06/2020 55.00 Covered Calls @ 0.87 plus 3 points on the strike for one more week.
ADS is at 51.60
VIAC in the post below,…
VIAC in the post below, has earnings very close to the expiration. Ck it out. ;>(
Today’s TRADES: Low $ usage.
VIAC STO 11/6/2027.0 PUTS @.91
VIAC STO 11/6/20 31.0 CALLS @.49
THC STO 11/6/10 24.0 PUTS @1.00
THC STO 11/6/20 27.0 CALLS @.45
AMD STO 11/6/20 75.5 PUTS @2.79 Rolled out
AMD BTC 10/30/20 75.5 PUTS @1.10 1.69 credit
RVLV STO 11/6/20 19.5 CALL @.35
RVLV STO 11/6/20 17.5 PUT @.50
SPY
Bought to close 1 SPY Oct 30 2020 333 Call at $0.01 to release some margin. It won’t trade any lower.
Sold this on a rollout @ 11.99
AAPL FSLR NFLX NVDA OLED OSTK SPY TQQQ TSLA
#ShortPuts #CoveredCalls #Earnings – Out all morning but finally caught up. Some winners booked and some rolls done along with a couple new sales.
AAPL: Selling slightly ITM playing for the iPhone 12/5G/Black Friday/Holiday Bounce.
Sold AAPL NOV 20 2020 110.0 Put @ 5.45
FSLR: Covered Calls.
Sold FSLR NOV 6 2020 86.0 Calls @ 3.45
NFLX: New sale…can’t resist. Going out a little to sell even lower. At the expected move and well below the 200ma.
Sold NFLX NOV 20 2020 425.0 Put @ 6.61
NVDA: Rolled and sold against.
Rolled NVDA OCT 30 2020 525.0 Put to NVDA NOV 13 2020 512.5 Put @ .37 credit (12.75 total now)
Rolled NVDA OCT 30 2020 517.5 Put to NVDA NOV 13 2020 500.0 Put @ .30 credit (3.65 total now)
Sold NVDA NOV 6 2020 535.0 Call @ 3.40
OLED: Earnings trade worked nicely 🙂 🙂
Bought to Close OLED OCT 30 2020 172.5/230.0 Strangles @ .10 (sold for 2.87)
OSTK: Rolled and sold against. Basis if assigned is down in the 59.70 area
Rolled OSTK OCT 30 2020 67.5 Put to NOV 13 2020 65.0 Put @ .20 debit
Rolled OSTK OCT 30 2020 65.0 Put to NOV 13 2020 62.0 Put @ even
Rolled OSTK OCT 30 2020 62.5 Put to NOV 13 2020 60.0 Put @ 1.40 credit
Sold OSTK NOV 6 2020 70.0 Call @ 1.05
SPY: Adding one outside the expected move.
Sold SPY DEC 11 2020 275.0 Put @ 3.20
TQQQ: Booking but not adding anywhere.
Bought to Close TQQQ OCT 30 2020 110.0 Put @ .12 (sold for 1.55)
Bought to Close TQQQ OCT 30 2020 115.0 Put @ 1.10 (sold for 2.00)
TSLA: New sale:
Sold TSLA NOV 06 2020 350.0 Put @ 5.94
Econ Calendar for week of 11/2/20
#Jobs report is Friday at 8:30am ET
Link to calendar: https://research.investors.com/economic-calendar/
VIX
https://www.zerohedge.com/markets/vix-getting-close-critical-level
VXX Puts
Bought to close VXX 10/30/2020 24.0 Puts @ 0.01. They won’t trade any lower.
Sold these @ 1.99 & 2.00 last Friday on a rolldown.
Done with covering VXX puts for this week.
VXX Call Roll again
Bought to Close VXX Oct 30 2020 25.5 Calls / Sold to open VXX Nov 06 2020 32 Calls @ 0.32 Credit plus 6.50 bump in the short strike price.
Bought to Close VXX Oct 30 2020 25.5 Call / Sold to open VXX Nov 06 2020 33 Call @ 0.27 Credit plus 7.50 bump in the short strike price.
Writing the new calls against the long December calls I bought yesterday because some of my long hedges are expiring today.
VXX Call Roll
Partial rollup
Bought to close VXX Oct 30 2020 25 Calls Net Credit / Sold to Open VXX Nov 06 2020 29 Calls @ 0.22 Net Credit plus a 4.00 point bump in the short strike for election week.
VXX at 26.51
Edit: Finished off the last of these 25 calls:
Bought to close VXX Oct 30 2020 25 Calls Net Credit / Sold to Open VXX Nov 06 2020 30 Calls @ 0.12 Net Credit plus a 5.00 point bump in the short strike for election week.
VXX at 26.36
ZM adjustment
Rolled $ZM 680/690 bear call spread down to 560/570 for 1.10 credit. Paired with 460/450 bull put spread for an iron condor which I originally sold for 3.14 on 10/16. Total premium now 4.24.
SPX 1-dte stopped
#SPX1dte Wow, three expirations in a row, Mon-Wed-Fri, stopped out! Pretty sure that’s the first time that has happened. Monday I held my breath and came out scot free… Wed took a 5.00 loss, today managed only a 1.30 loss. At least the #SPX7dteLong strategy is thriving in this volatility.
Bought to close $SPX Oct 30th 3215/3195 put spreads for 2.60. Sold for 1.30 yesterday.
MRVL Put Roll
$MRVL BTC 10/30 43.50 put and STO 11/6 43 put at .40 debit
SPY 1-dte
Sold 1 SPY 10/30/2020 335.0 Diagonal Call @ 1.02.
I already have one of these so I’m betting on a flat or down day tomorrow.
#earnings TWTR #shortstrangles Sold Oct….
#earnings TWTR #shortstrangles
Sold Oct. 30, 44/63 strangle for 1.30
#tastytradefollow
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Nov 4th 3300/3320-3335/3355 iron condors for 18.45. This is 15-wide, versus my usual 10-wide. I did it to get better premium, but it only got me about .15.
TQQQ Put Closed
$TQQQ BTC 10/30 130 put at 3.50. STO at 1.60
NIO Puts
$NIO STO 10/30 31 puts at .63
$NIO STO 11/6 29 puts at 1.09
WBA OMC
S&P 500 stocks with a positive dividend payout that are hitting new 52week Lows today.
#FallingKnife
VXX Roll plus a new long
Bought to Close some of my VXX Oct 30 2020 24.50 Diagonal Calls / Sold to Open VXX Nov 06 2020 27.5 Calls @ 0.40 Net Credit plus a BIG 3 point bump in the strike price, pushing them out of the money.
Took that cash and bought some VXX Dec 18 2020 90.0 Calls @ 0.39
VXX – more puts
With the stock right around 25.70 I added to my puts for next week.
Sold VXX Nov 06 2020 22.50 Puts at $0.68
Sold VXX Nov 06 2020 22.00 Puts at $0.52
Sold VXX Nov 06 2020 21.50 Puts at $0.38
Sold VXX Nov 06 2020 21.00 Puts at $0.27.
A lot of these are paired off against VXX puts already long for Jan 2022.
#DoubleDip
FB earnings analysis
#Earnings $FB reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
July 30, 2020 AC +8.17%
April 29, 2020 AC +5.41%
Jan. 29, 2020 AC -6.13%
Oct. 30, 2019 AC +1.80%
July 24, 2019 AC -1.93%
April 24, 2019 AC +5.84%
Jan. 30, 2019 AC +10.81% Biggest UP
Oct. 30, 2018 AC +3.80%
July 25, 2018 AC -18.96% Biggest DOWN
April 25, 2018 AC +9.06%
Jan. 31, 2018 AC +3.31%
Nov. 1, 2017 AC -2.04%
Avg (+ or -) 6.44%
Bias 1.60%, positive bias on earnings.
With stock at 282.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 264.08 to 299.92 (+/- 6.4%)
Based on AVERAGE one-day move over last 12 quarters: 263.84 to 300.16
Based on MAXIMUM one-day move over last 12 Q’s (19.0%): 335.47 to 228.53
Based on UP max only (+10.8%): 312.48
Open to requests for other symbols.
AMZN earnings analysis
#Earnings $AMZN reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
July 30, 2020 AC +3.69%
April 30, 2020 AC -7.59% Biggest DOWN
Jan. 30, 2020 AC +7.37%
Oct. 24, 2019 AC -1.09%
July 25, 2019 AC -1.55%
April 25, 2019 AC +2.54%
Jan. 31, 2019 AC -5.38%
Oct. 25, 2018 AC -7.81%
July 26, 2018 AC +0.51%
April 26, 2018 AC +3.60%
Feb. 1, 2018 AC +2.87%
Oct. 26, 2017 AC +13.21% Biggest UP
Avg (+ or -) 4.77%
Bias 0.86%, positive bias on earnings.
With stock at 3210.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 3045.70 to 3374.30 (+/- 5.1%)
Based on AVERAGE one-day move over last 12 quarters: 3056.96 to 363.04
Based on MAXIMUM one-day move over last 12 Q’s (13.2%): 2785.96 to 3634.04
Based on DOWN max only (-7.8%): 2959.30
Open to requests for other symbols.
VXX Call Roll
Partial rollup:
Bought to close VXX Oct 30 2020 24.00 Diagonal Calls / Sold to Open VXX Nov 06 2020 26.50 Diagonal Calls @ 0.02 Net Credit plus a 2.50 bump up in the short strike.
With the stock at 26.22, this moves the short position back out of the money.
VXX Put roll
Bought to close VXX Oct 30 2020 21.5 Puts / Sold to Open VXX Nov 06 2020 21.5 Puts @ 0.32 Net Credit.
BABA BWB
BABA currently trading @ $311
BTO BABA Nov 20, 322.5 / 312.5 / 292.5 Broken Wing Put Butterfly @ $2.26 credit.
No risk to the upside (keep the credit) – downside breakeven $297.
Standard adjustment if short strike is breached – roll down and out the $312.5 / 292.5 Bull Put spread for as low a debit as possible. Hold on to the Long $322.5 / 312.5 spread pocketing $10. Timing is key to avoid whipsaw.
RH BWB
RH currently trading @ $359
BTO RH Nov 20, 370 / 360 / 340 Broken Wing Put Butterfly @ $3.15 credit
No risk to the upside (keep the credit) – downside breakeven $347.
Working on the premise that everyone staying at home during lockdown leads to strong dissatisfaction with their interior decor.
SPX Iron Condor For tomorrow’s…
SPX Iron Condor
For tomorrow’s expiration. Sold $SPXW 10/30 3190/3215/3375/3400 iron condor @ 4.25. Short puts 13 delta, short calls 12 delta.
OSTK
#ShortCalls – Gotta take the quick 15 minute profit. Hopefully a bounce to sell again later…
Bought to Close OSTK NOV 6 2020 100.0 Calls @ .60 (sold for 1.50)
OLED Earnings
#ShortStrangles #Earnings – Going wide…hopefully wide enough. Great premium to roll into next week if needed.
Sold OLED OCT 30 2020 172.5/230.0 Strangles @ 2.87
OSTK
#ShortCalls – Selling the pop against monthly 65 puts…
Sold OSTK NOV 6 2020 100.0 Calls @ 1.50
TDOC
#ShortPuts – Crazy fill well above mid price…
Sold TDOC NOV 6 2020 197.5 Put @ 2.20
VXX Puts
Bought to close VXX Oct 30 2020 23 Puts at $0.01. They won’t trade any lower.
This was my biggest VXX short put position. Sold Friday on a roll down @ 1.43.
Replacing these with much smaller positions for next week:
Sold VXX Nov 06 2020 22.50 Puts @ 0.58
Sold VXX Nov 06 2020 22.00 Puts @ 0.44
TDOC Earnings
#ShortPuts #Earnings #OneNightStand – Taking the quickie and looking out to next week to add…
Bought to Close TDOC OCT 30 2020 212.5 Put @ 1.35 (sold for 3.10)
AAPL earnings analysis
#Earnings $AAPL reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
July 30, 2020 AC +10.46% Biggest UP
April 30, 2020 AC -1.60%
Jan. 28, 2020 AC +2.09%
Oct. 30, 2019 AC +2.26%
July 30, 2019 AC +2.04%
April 30, 2019 AC +4.90%
Jan. 29, 2019 AC +6.83%
Nov. 1, 2018 AC -6.63% Biggest DOWN
July 31, 2018 AC +5.89%
May 1, 2018 AC +4.41%
Feb. 1, 2018 AC -4.33%
Nov. 2, 2017 AC +2.61%
Avg (+ or -) 4.50%
Bias 2.41%, positive bias on earnings.
With stock at 114.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 104.44 TO 123.56 (+/- 8.4%)
Based on AVERAGE one-day move over last 12 quarters: 108.87 TO 119.13
Based on MAXIMUM one-day move over last 12 Q’s (10.5%): 102.08 TO 125.92
Based on DOWN max only (-6.6%): 106.44
Open to requests for other symbols.
DXCM drops $90 after good earnings announcement…..
https://coveredcallswithjeff.wordpress.com/2020/10/29/dxcm-hard-to-understand-a-90-drop-and-how-we-responded/
OSTK
#ShortCalls – Stopped out on the run up. Terrible market today and this thing barely budged. Earnings in the morning so staying out of the way just in case.
Bought to Close OSTK OCT 30 2020 87.5 Calls @ .90 (sold for 1.15)
TDOC Earnings
#ShortPuts #Earnings – Going back in..
Sold TDOC OCT 30 2020 212.5 Put @ 3.10
SPY
Bought to close 1 SPY OCT 28 2020 $337 Diagonal Call @ 0.01. It won’t trade any lower.
Sold this on Monday at 5.37 as a roll up.
Options Bistro 