Sold $BIIB 12/18 215/200 bull put spread @ 5.25. IV rank 83.
Category Archives: Uncategorized
SPY
#ShortPuts – Starting a Friday ladder in the IRA. Hopefully the 11th will be available this week…
Sold SPY DEC 04 2020 280.0 Put @ 3.17
Sold SPY DEC 18 2020 270.0 Put @ 3.45
TQQQ
Sold 11/20 90 put @ 3.70
SPX 1-dte stopped
#SPX1dte Bought to close $SPX Oct 28th 3305/3285 put spreads for 6.55. Sold yesterday for 1.30.
#shortcalls DKNG Sold Nov. 20,…
#shortcalls DKNG
Sold Nov. 20, 52.50 call for .80, giving me a 35/52.50 strangle. Have to make up for thinking the Bears would cover Monday night.
Well-DKNG is up today, so…
Well-DKNG is up today, so far.
PTON LULU
EQR HFC WFC GILD OXY
S&P 500 stocks with a positive dividend payout that are hitting new 52week Lows today.
#FallingKnife
TSLA
#ShortPuts – One more in the books. Most of these I’m closing today would probably be OK through Friday but just playing it super safe going into next week.
Bought to Close TSLA OCT 30 2020 375.0 Put @ 1.17 (sold for 4.35)
TQQQ
#ShortPuts – Laddering expirations and strikes. Still a very small position overall.
Sold TQQQ NOV 13 2020 90.0 Put @ 2.50
Sold TQQQ NOV 20 2020 80.0 Put @ 2.10
SPY
Bought to close 1 SPY OCT 28 2020 $343 Diagonal Call @ 0.01. It won’t trade any lower.
Sold this on Friday at 4.16 as a roll up.
DOCU
#ShortPuts – I’ll take it. Thanks @Ramie !
Bought to Close DOCU OCT 30 2020 202.5 Put @ .57 (sold for 2.45)
NFLX TSLA
#ShortStrangles – A little more risk reduction…
Bought to Close NFLX OCT 30 2020 460.0/560.0 Strangle @ 1.02 (sold for 3.30)
Bought to Close TSLA OCT 30 2020 395.0/495.0 Strangle @ 3.40 (sold for 5.65)
TQQQ
#ShortStrangles – Risk reduction…
Bought to Close TQQQ OCT 30 2020 120.0/170.0 Strangle 2×1 @ 4.29 (sold for 5.85)
SPY
STO December 18, 270 put at 2.92
FSLR Earnings
#ShortPuts #CoveredCalls – Up huge through the 90 calls on my short strangle. Bought stock pre-market and will manage as a covered call now. Should be bigly premium next few weeks.
Bought stock @ 93.50 (basis 92.0 and covered @ 90.0)
VXX Puts rolled very early
I’ve rolled my put position that is farthest in the money out a week, and down 2 whole points, to get it out of the money post-election.
Bought to close VXX Oct 30 2020 25 Puts Net Credit / Sold to Open VXX Nov 06 2020 23 Puts @ 0.07 Net Credit.
This was the short put that caused me to be so aggressive on the calls sales for this week. With this one rolled down I can quit worrying about carrying so may short calls as an offset.
#earnings MSFT #calendar Bought Oct….
MMM puts
Sold $MMM 12/18 150 puts @ 3.55. Willing to take assignment at a cost basis of 146.45, which is below the lows from August.
VXX Puts
Bought to close VXX 10/30/2020 21.00 Diagonal Puts @ 0.01. They won’t trade any lower.
Sold these on Friday @ 0.39 so only in them 2 days.
#DoubleDip trade against long puts in 2021
OSTK
#ShortCalls – Selling against Nov monthly short puts. Earnings Thursday before the open.
Sold OSTK OCT 30 2020 87.5 Calls @ 1.15
FSLR Earnings
#ShortStrangles #Earnings – Everything in all accounts decaying nicely (good) but I’m bored (bad) so here goes nothing just to do something.
Sold FSLR OCT 30 2020 75.0/90.0 Strangles @ 1.53
INTC
Buy/Write
Bought INTC / Sold INTC Nov 13 2020 46.5 Call @ $44.68 Net Debit
YTD low is 43.63, and the next XDiv date is 11/05
SPX trades
#SPX7dteLong Bought to Open $SPX Nov 2nd 3375/3395-3405/3425 iron condors for 17.50, with SPX at 3391.
#SPX1dte trade to come, I will comment below this post.
SPY early roll
Since I’ve got almost all my SPY short calls bunched into tomorrow’s expiration I’ve decided to roll the one with the lowest strike price UP and out 2 days to Friday.
Bought to close SPY Oct 28 2020 334 Call Net Credit / Sold to Open SPY Oct 30 2020 335 Call @ 0.12 Net Credit.
If all goes as planned most of my short positions will be gone tomorrow or at least be rolled significantly higher.
#callratiospread INTC Bought a Dec….
#callratiospread INTC
Bought a Dec. 18, call ratio spread, 42.50/42.50/short 45 for 5.59, don’t think I’ve done this type of trade before.
Thanks @optioniceman for the INTC awareness.
#tastytradefollow
SPX 1 DTE Expire
$SPX 10/26 3350/3370/3550/3530 STO at .95
INTC
Strike 45 Puts are looking interesting
Hung in there
#SPX1dte Expired: 3370/3390-3530/3550 condors, sold Friday for 1.30. Don’t try that at home.
TQQQ
STO November 13,170 call at 1.41
VXX Spreads
I’m done selling straight calls but adding some diagonal call spreads
Bought to Open VXX Jan 15 2021 65 Calls / Sold to Open VXX Oct 30 2020 24.5 Calls @ 0.07 Net Credit
Bought to Open VXX Jan 15 2021 60 Calls / Sold to Open VXX Oct 30 2020 24 Calls @ 0.07 Net Credit
Because some of my short calls and puts have the same strike, I’ve turned them into “Short Calendar Iron Butterfly Spreads”
#earnings CHGG Sold Nov. 20,…
#earnings CHGG
Sold Nov. 20, 70 put for 1.60, stock at 85.50
#tastytradefollow
SPY
#ShortPuts – Back in this for the first time in awhile. Starter position looking to sell short term calls against it. Well outside the expected move and below the 200ma.
Sold SPY DEC 18 2020 290.0 Put @ 3.45
NFLX Iron Condor
Sold 11/20 430/440/545/555 iron condor @ 2.80
BIIB
#ShortPuts – Thanks @Option Iceman for the heads up last week. Selling down near the Covid low. Prior to that this would be a 7 year low…
Sold BIIB NOV 06 2020 220.0 Put @ 5.10
TQQQ
#ShortPuts- First election week position…
Sold TQQQ NOV 6 2020 105.0 Put @ 2.35
SPX trades
VXX
With these trades I’ve almost finished pairing up all my short puts, some of which are still in the money.
The VIX is up 13% so I’ll wait to see if the market finds a floor before doing more.
VXX 10/30/2020 26.00 Diagonal Calls @ 0.39
VXX 10/30/2020 25.50 Diagonal Calls @ 0.44
VXX 10/30/2020 25.00 Diagonal Calls @ 0.54
VXX 10/30/2020 24.50 Diagonal Call @ 0.64
VXX 10/30/2020 24.00 Diagonal Call @ 0.74
Also, this move is helping my SPY bear call spreads too.
ADS Covered Calls
Sold ADS Oct 30 2020 52 Calls @ 0.55
SPY early rolls
Bought to close SPY Oct 26 2020 336 Call / Sold to Open SPY Oct 28 2020 337 Call @ 0.02 Net Credit plus an extra point higher on the short strike
Bought to close SPY Oct 26 2020 337 Calls / Sold to Open SPY Oct 28 2020 338 Calls @ 0.06 Net Credit plus an extra point higher on the short strike.
No more expirations for today
VXX
With VXX @ 23 , I Sold the following, replacing similar calls that expired Friday.
VXX 10/30/2020 25.50 Diagonal Call @ 0.34
VXX 10/30/2020 25.00 Diagonal Call @ 0.39
VXX 10/30/2020 24.50 Diagonal Call @ 0.44
VXX 10/30/2020 24.00 Diagonal Call @ 0.54
Trade and Account activity Wk ending 10/23 – lots of diagonal down rolls….
https://coveredcallswithjeff.wordpress.com/2020/10/24/summary-of-account-activity-wk-ending-10-23-risk-and-margin-reduction-via-diagonal-roll-downs/
KSS SPY Rollups – Last Trades
Bought to Close KSS Oct 23 2020 23.0 Calls / Sold to Open KSS 10/30/020 23.5 Calls @ 0.07 Credit
Bought to Close SPY Oct 23 2020 344 Calls / Sold to Open SPY Oct 28 2020 346 Calls @ 1.02 Credit
Expirations
$HAL 14 call
$NUGT 95 and 100 call
$NIO 30 call
$NVAX 100 call
$OSTK 67.5 put
$TDOC 212.50 put Thank you @fuzzballl for the last two
$NIO 26 put
$NVAX 89 put
$SPX 3345/3365/3545/3525 IC
Good stuff more than offset by poor risk management
$NFLX 10/23 510/550 BUCS total loss
$NFLX 10/23 520/530 BUPS total loss
$LULU 10/23 345/350 BUPS total loss
$MRVL 43 put
SPX trades
#SPX1dte Sold to Open $SPX Oct 26th 3370/3390-3530/3550 iron condors for 1.30, SPX (close) at 3465, deltas -.07,+.06, IV 12.5%
Expired: Oct 23rd 3355/3375-3520/3540 condors, sold yesterday for 1.45.
#SPX7dte Unfortunate end to the day, put side expired worthless after selling call spread this morning for 5.60. Missed my chance to sell at lower levels midday…. it swung the wrong way for me after several good swings in the last couple weeks. Loss of 11.45.
SPX 1 DTE
#spx1dte
$SPX STO 10/26 3350/3370/3550/3530 at .95 Filled at the bell.
CMG BUPS Closed / NIO Puts Closed
$CMG BTC 10/23 1280/1290 BUPS at .10. STO at 3.86 on 10/13
#shortputs
$NIO BTC 10/23 27 puts ay .10. STO at 1.50. Other batch closed Tuesday at .50
VXX Put Rolls
Bought to close VXX 10/23/2020 22.5 Puts / Sold VXX 10/30/2020 21.5 Puts @ 0.07 Credit plus a full point lower strike price., which moved them out of the money for now.
I’ll either let my VXX 10/23/2020 22.0 Puts expire or try to cover them for a penny, depending how the last hour goes.
WBA
Sold WBA Oct 30 2020 39 Covered Call at $0.26 and @ 0.29 for next Friday
TDOC
#ShortPuts – Removing the last hour risk on the bounce. No new sales…earnings next week.
Bought to Close TDOC OCT 23 2020 212.5 Puts @ .10 (sold for 2.18 and 2.45)
BIIB
Another #FallingKnife candidate
Looking at puts to sell now
NVDA
#ShortPuts #ShortStrangles – The gift that keeps on giving. Earnings still 3 weeks away.
Bought to Close NVDA OCT 23 2020 530.0 Put @ .10 (sold for 3.40)
Sold NVDA OCT 30 2020 517.5 Put @ 3.35
Strangle adjustment rolling call side down…
Rolled NVDA OCT 30 2020 600.0 Call to OCT 30 2020 570.0 Call @ 1.68 credit (525/570 @ 12.45 now)
TQQQ
STO November 20, 95 put at 2.31
TQQQ
STO November 6, 105 put at 1.70
STO November 13, 100 put at 2.11
IIPR
STO November 20, 110 put at 2.24
SPY
Take a look at the difference between Nov. 2 and Nov. 4. Something must be happening.
TQQQ
BTC October 23, 135 puts at .58 to avoid possible assignment. Sold at 2.95
SPY Roll
Bought to close SPY Oct 23 2020 341 Call / Sold to Open SPY Oct 28 2020 343 Call @ $0.27 Credit plus a 2 point bump in the short strike.
Probably should have waited but a stimulus deal /no deal announcement would spike SPY one way or another
VXX Put Rolls
Buying more time – bringing in $cash
Bought to close VXX 10/23/2020 25.0 Puts / Sold VXX 10/30/2020 25.0 Puts @ 0.32 Credit
Bought to close VXX 10/23/2020 24.5 Puts / Sold VXX 10/30/2020 24.0 Puts @ 0.02 Credit plus a 0.50 lower strike.
Bought to close VXX 10/23/2020 23.5 Puts / Sold VXX 10/30/2020 23.0 Puts @ 0.14 Credit plus a 0.50 lower strike. (my largest position in VXX puts)
I have lots of short VXX calls expiring today too.
TQQQ PUT Closed
$TQQQ BTC 10/23 135 put at .80. STO at 2.91. Thank you @jsd501
KSS Roll
Bought to close KSS Oct 23 2020 22.0 Covered Calls/ Sold to Open KSS Oct 30 2020 22.5 Covered Calls at $0.20 Net Credit plus a 0.50 bump on the short strike price.
SPX 7-dte
#SPX7dteLong Opened the day in the Dead Zone on my $SPX Oct 23rd 3440/3460-3470/3490 condor, so need to attempt some fancy maneuvering. Condor bought for 17.05 on Monday.
Sold to close the call side for 5.70. So now I am very bearish going into the close. Bearish! Grrrrr.
VXX
Starting my call selling for next week.
Sold to open VXX Oct 30 2020 25.5 Calls at $0.32
PTON
Roll $PTON 110/120 #BuPS Oct-23-2020 // Oct-30-2020 @2.00 credit
ABT
STO ABT Oct 30 $111 Call Credit $1.31 to reestablish covered call yesterday
https://coveredcallswithjeff.wordpress.com/2020/10/23/follow-up-to-abt-post-on-10-21-about-buying-back-oct-23-107-calls/
SPX 1-dte
#SPX1dte Sold to Open $SPX Oct 23rd 3360/3380-3525/3545 iron condors for 1.45, SPX 3456, deltas -.07, +.06.
VXX Diagonal Puts
Bought to Open VXX Jan 15 2021 13 Puts / Sold to Open VXX Oct 30 2020 21 Puts at $0.22 Net Credit.
It’s certainly possible that the VIX structure collapses after the election, no matter what the result.
Some of my longer dated 2021 and 2022 excess long puts are starting to show a decent profit.
Plus. I’ve got a bunch of short calls for tomorrow
SPX 1 DTE
$SPX STO 10/23 3345/3365/3545/3525 at 1.20
DOCU
#ShortPuts – Thanks @Ramie. Going fairly aggressive here but plenty of good volatility for rolls. Breakeven at the 100ma and earnings first week of Dec….
Sold DOCU OCT 30 2020 202.5 Put @ 2.45
TSCO PUT Rolled
#earnings #shortputs #Disappointed
$TSCO BTC 10/23 145 put and STO 10/30 144 put at .30 debit
SPX 7dte
#SPX7dte Bought to Open $SPX 3420/3440-3450/3470 condors for 17.20, with SPX at 3445.
WDC
Flipped a long call
Sold to close WDC Oct 30 2020 47.5 Calls @ 0.40.
These were the leftover long side hedge of a diagonal spread I put on 9/23
i.e. (Bought to Open WDC 10/30/2020 47.50 Calls / Sold 09/25/2020 40.50 Calls @ 0.12 Credit)
I have written against the long calls several more times since then.
Then … Sold to open WDC Oct 30 2020 47.5 Calls @ 0.41.
Sold these against another leftover long call (Nov 50’s).
The stock is only 42.90.
Pretty good premium for only 6 days.
DOCU Iron Condor
Sold $DOCU 11/20 180/190/250/260 iron condor @ 3.00. Short strikes both around 19 delta. Earnings not expected until after expiration. IV rank 32.
TQQQ
#ShortPuts – Adding one…two puts against one call now.
Sold TQQQ OCT 30 2020 120.0 Put @ 2.10
AAPL
#ShortPuts – I’ll take it here. Looking weak with earnings next week.
Bought to Close AAPL OCT 23 2020 115.0 Put @ .86 (sold for 1.30)
Options Bistro 