#SPX7dteLong Bought to Open $SPX Oct 21st 3450/3470-3480/3500 iron condors for 17.05, with SPX at 3473.
Category Archives: Uncategorized
TSLA
#ShortPuts – Filled on an earlier bounce…
Bought to Close TSLA OCT 16 2020 425.0 Put @ .55 (sold for 8.20)
ADBE Iron Condor
Sold $ADBE 11/20 440/450/550/560 iron condor @ 3.44. Short strikes both at 21 delta. Stock now around 497, trading near the middle of the recent range. IV rank 30. Earnings not expected until after opex.
AMZN BUPS Closed
$AMZN BTC 10/16/2980/3000 BUPS at .07. STO at 7.52 on 9/11
NIO Puts
#shortputs
$NIO STO 10/23 27 put at 1.50
TQQQ
#ShortPuts – Adding at lower strikes…
Sold TQQQ OCT 30 2020 110.0 Put @ 1.55
TSLA
#ShortPuts – Sold TSLA OCT 16 2020 437.0 Put @ 2.00
VXX
On the opening spike @ 22.91
Sold 1 VXX 10/16/2020 23.50 Call @ 0.38
Sold VXX 10/16/2020 24.00 Calls @ 0.23 – adding to my position
Sold VXX 10/16/2020 24.50 Calls @ 0.17
I still have twice as many short puts as short calls so higher is better for this week.
WBA
Highest price in a month (38.22) on the back of the #Earnings report
WKHS NVDA NFLX Put Closed / NFLX BUPS
#shortputs
$WKHS BTC 10/16 22 put at .30. STO at 3
$NVDA BTC 10/16 520 put at .20. STO at 2.89
$NFLX BTC 10/16 22 put at .10. STO at 3.75 Thank you @fuzzballl for the latter two.
$NFLX STO 10/23 520/530 BUPS at 4.28. Earnings are 10/20. Plan to be out next week if things go well – this week if things go to hell. 😉
NVDA
#ShortPuts – Give Mr. Market another chance here…
Sold NVDA OCT 23 2020 530.0 Put @ 3.40
NVDA
#ShortPuts – Looking for a new entry now…
Bought to Close NVDA OCT 16 2020 525.0 Put @ .31 (sold for 6.65)
OKTA, BTC October 16, 220…
OKTA, BTC October 16, 220 put at .10, sold at 2.50
NFLX
#ShortPuts – Clearing out another one…
Bought to Close NFLX OCT 16 2020 490.0 Put @ .12 (sold for 2.35)
SPY
Finally a rollup
Bought to Close SPY Oct 14 2020 340 Calls / Sold to Open SPY Oct 19 2020 341 Calls @ 0.09 Net Credit
VXX
Sold to Open VXX OCT 16 2020 24.0 Diagonal Calls @ 0.13.
Starting small but I have a bunch of short puts as a hedge
AAL
Bought to Close AAL Oct 16 2020 14.5 Calls at $0.01.
It won’t trade any lower
WBA
#Earning play
Sold WBA Oct 16 2020 33.5 Puts Limit at $0.32.
High for the day for the option so far is 0.34.
Stock range so far: 35.74 – 36.80
WBA 52Week Range 33.88 – 64.50
Dividend % 5.17%
NVDA
#ShortPuts – Stock down so rolling up to the 50ma for additional credit. Still outside the expected move and before earnings…
Rolled NVDA OCT 30 2020 485.0 Put to OCT 30 2020 510.0 Put @ 1.65 credit (4.95 total now)
TDOC
#ShortPuts – Jumping back in selling the 50ma for next week and prior to earnings…
Sold TDOC OCT 23 2020 212.5 Put @ 2.18
NFLX OSTK
#ShortPuts #ShortStrangles – A couple this morning…
Bought to Close NFLX OCT 16 2020 480.0 Put @ .10 (sold for 3.20)
Sold OSTK OCT 30 2020 70.0/115.0 Strangles @ 3.30
SPXL
Roll Oct-16-2020 SPXL 58 #CC’s // Nov-19-2020 60 @2.20 Credit. Basis now $30.52. Shares BTO 5/11/2020@36.77
SPX 7dte
#SPX7dteLong Bought to Open $SPX Oct 19th 3500/3520-3530/3550 iron condors for 16.25, with SPX at 3523.
Forgot to put this on yesterday.
IB Account Covered Call Positions and status
Sharing current covered call positions in IB account along with graphs showing the progression of the return on each position. Left money on the table as stock prices have run past our strike prices on almost every position.
https://coveredcallswithjeff.wordpress.com/2020/10/14/ib-account-holdings-and-update-23742-or-7-5-in-last-30-days/
MRVL Strangle / NUGT Call Rolled
#shortstrangles
$MRVL STO 10/16 43.5/45 strangle at .75
#coveredcalls
$NUGT BTC 10/16 93 call and STO 1023 95 call at 1.20 added credit.
SPX trades
#SPX1dte Sold to Open right before closing bell: $SPX Oct 14th 3430/3450-3570/3590 iron condors for 1.10, SPX at 3514, deltas -.07, +.05, IV 15.45%
#SPX7dteLong Filled yesterday, 14 minutes after closing bell (I hadn’t noticed then): Sold to close $SPX Oct 14th 3445/3465 call spreads for 19.00. Condors bought for 16.50 last Thursday. Holding put side as hedge for tomorrow.
AAPL
#ShortPuts – Trying for a quickie the week before earnings and below the 50ma…
Sold AAPL OCT 23 2020 115.0 Put @ 1.30
TQQQ, In my IRA
STO October 30, 130 puts at 3.80
STO October 30, 125 puts at 3.00
PENN PUTS Rolled / NVAX Call
#shortputs
$PENN BTC 10/16 72 put and STO 10/23 72 put at added credit of 1.05
#coveredcalls
$NVAX STO 10/16 128 call at 1.80
TDOC
#ShortPuts – Nice bounce today…
Bought to Close TDOC OCT 23 2020 187.5 Put @ .20 (sold for 2.50)
SPXL Leap Diagonal
BTO SPXL (3 x SPY ETF) Apr 2021 50 Call ($17.30) / Jan 2023 40 Call ($29.40) Diagonal @ $12.10 (selling the shorter term, buying the longer term) – a $10 spread with good rolling opportunities.
I know most of the trade ideas here are for short to mid term time frames – I thought I’d share a longer term bullish trade that should be relatively easy to manage. As SPY is going to the moon I thought I’d go along for the ride.
I’m cognizant of the fact the theta decay could be huge, but over the longer term expecting it to roughly track 3 x the performance of the S&P 500.
SPX trades
#SPX1dte BTC $SPX Oct 12th 3530 calls for 4.40 (at 2 minutes before close). Condors sold Friday for 1.40. Fortunate to get a pullback at the close.
#SPX7dteLong Oct 12th 3420/3440 call spreads expire for max credit of 20.00. Condors bought last Tuesday for 16.85.
Just after closing bell: Bought to Open $SPX Oct 16th 3510/3530-3540/3560 iron condors for 16.20, SPX at 3534.
TQQQ
#ShortPuts – Starter position down below the 20, 50, and 100 day.
Sold TQQQ OCT 30 2020 115.0 Put @ 2.00
TQQQ
STO October 23, 135 puts at 2.45 in my IRA
OLED
#JadeLizards – Just for something to do. Selling the week before earnings and playing for a pullback over the next week. No upside risk…
Sold OLED OCT 23 2020 187.5/197.5/200.0 Jade Lizard @ 2.55
SPY Rolls
Rolled all today’s short diagonal calls to Wednesday or Friday expirations for small credits.
Too numerous to list.
SPX rises…
…and so does VIX. The day opened at 3505 with expected move for today’s expiration at 18.00. So with my short strike at 3530, it seemed safe for me to head out on some errands this morning. Now, expected move was MORE than doubled.
Looking for any pullback to get out at a smaller loss than I’m seeing now. #SPX1dte
TQQQ
STO October 16, 145 puts at 1.86
NFLX
BTC October 16, 480 put at .18, sold at 3.20 Thanks to Fuzzy for the idea.
TSLA
#ShortStrangles – Not fighting the upside on these. Stopped out of call side at nearly even and rolling up the put side to the expected move. See if we can talk this thing down a little going into earnings next week.
Bought to Close TSLA OCT 16 2020 480.0 Call @ 2.86 ( sold for 2.73)
Rolled TSLA OCT 16 2020 400.0 Put to OCT 16 2020 425.0 Put @ 2.45 credit (8.20 total now)
NVAX Put
#shortputs
$NVAX STO 10/16 105 put at 1
PYPL BUCS PENN Calls Closed
#bucs
$PYPL BTO 10/23 200/210 BUCS at 4.08. Earnings 10/28
#coveredcalls
$PENN BTC 10/16 78 calls at .10. STO at 3.62
NFLX
PYPL
STO October 30, 200 put at 5.05
Closed ADBE
Bought to close $ADBE 10/16 450/460/510/520 iron condor @ 2.52.
Position was originally 420/430/510/520 and put spread was rolled up to 450/460. Total premium taken in 4.29, so 1.77 profit (57% of the premium for the original trade).
Closed NVDA
Bought to close $NVDA 10/16 470/480/590/600 iron condor @ .95. Sold for 2.65 on 9/29.
OSTK
#ShortPuts – Selling the high election IV and a couple weeks prior to earnings…
Sold OSTK OCT 30 2020 67.5 Put @ 2.80
Sold OSTK OCT 30 2020 65.0 Put @ 2.20
Sold OSTK OCT 30 2020 62.5 Put @ 1.70
NVDA
BTC October 16, 480/470 put spread at .02
BTC October 23, 440/450 put spread at .05
NVTA NVAX Puts / LYFT Put Roll / NFLX BUPS Closed
#shortputs
$NVTA STO 10/16 50 put at .70
$NVAX STO 10/16 105 put at 1.00
$LYFT BTC 10/16 30 put and STO 10/23 30 put at .10 credit
#bups
$NFLX BTC 10/16 480/500 BUPS at .60. STO at 7.60
ADS WBA Calls
Sold 1 ADS 10/16/2020 51.0 Covered Call @ 0.45 Stock = 48.50
Sold WBA 10/16/2020 40.0 Covered Calls @ 0.26 #Earnings this week. Stock = 37
Markets
Expiration / Assignment
#optionsexpiration
$NVAX 120 call
$LABU 40 put
$OSTK 70 put Thank you @fuzzballl
$DKNG 41 put
#assignment
$T 28.50 put
$TDOC 220 put
AAL Roll / NVAX Expire
Rolled AAL Oct-09-2020 13 #CoveredCalls // Oct-23-2020 14 @0.35. (thought about letting it get assigned)
OX $NVAX Oct-09-2020 84/94 #BuPS – STO @1.22 Thanks @geewhiz112
STO $NVAX Oct-23-2020 92/102 #BuPS @1.46 (actually put limit in at 1.32 and got a little extra)
KSS
Bought to close KSS 10/09/2020 21.50 Covered Calls / Sold KSS 10/16/2020 23.00 Covered Calls @ 0.04 Credit plus a 1.50 higher strike.
KSS @ 21.75
NVTA Short Put
#shortputs
$NVTA STO 10/16 50 put at $1.00
Econ calendar for week of 10/12/20
SPX trades
#SPX1dte Sold to Open $SPX Oct 12th 3380/3400-3530/3550 iron condors for 1.35, SPX 3474, IV 12%, deltas -.07,+.07
Expiring: Oct 9th 3355/3375-3495/3515 condors, sold yesterday for 1.00.
#SPX7dteLong Expiring: Oct 9th 3400/3420 calls spreads for max credit of 20.00. Condors bought for 17.05 on Monday.
ADS Roll
Bought to close ADS Oct 09 2020 49 Diagonal Calls / Sold to open ADS Oct 16 2020 53 Diagonal Calls @ 0.05 Net Credit but bumped the strike price 4 points and brought in a little cash.
Edit:
Bought to close ADS Oct 09 2020 49 Covered Calls / Sold to open ADS Oct 16 2020 52.50 Covered Calls @ 0.22 Net Credit but bumped the strike price 3.50 points and brought in a little more cash.
SPY Rolls
Rolled all today’s short diagonal calls to Monday or Wednesday expirations for small credits.
Too numerous to list.
AAPL BUPS Closed / VXX Put Rolled
#bups
$AAPL BTC 10/16 95/105 BUPS at .15. STO at 1.78
#shortputs
$VXX BTC 10/16 24.50 put and STO 10/23 24 put at even but do reduce strike by .50.
CCL
Why is this stock still up from March?
CCL Revenue nearly evaporates
Carnival Corp. said its revenue plunged to $31 million from $6.53 billion for the August quarter, a period that saw no sailings due to the Covid-19 pandemic and the removal of older ships as the company seeks to shrink its fleet.
The cruise operator on Thursday posted a third-quarter loss of $2.86 billion , or $3.69 a share, compared with a profit of $1.78 billion , or $2.58 a share, in the same period last year. The loss was in line with the company’s preliminary results last month. Analysts polled by FactSet were expecting a loss of $2.47 a share on revenue of $77.3 million .
Carnival also posted an adjusted loss of $2.19 a share, about in line with the $2.20 a share adjusted loss analysts polled by FactSet had expected. The company reported a profit of $1.78 billion in the third quarter last year. Carnival’s third-quarter loss was slimmer than the more than $4 billion loss it posted for the second quarter.
The cruise operator is moving to shed 18 less efficient ships, 10 of which have left the fleet, Carnival said. It said those 18 ships represent about 12% of its capacity before the pandemic and 3% of operating income in 2019.
The results came as the company’s Carnival Cruise Line has canceled most U.S. cruises through the end of the year, and its Seabourn luxury line this week canceled voyages on three ships as far forward as May 2021 . Cruise operators have lost billions of dollars this year as the pandemic forced them to halt sailings, leaving them dry in revenues. They haven’t sailed in the U.S. for more than half a year. Carnival said it expects a phased resumption of sailings.
In the U.S., the Centers for Disease Control and Prevention’s “no-sail” order was recently extended to Oct. 31 from Sept. 30 , though major cruise operators including Carnival had voluntarily agreed to cancel sailings through the end of October. The cruise industry last month proposed sailing protocols to the CDC, such as reducing virus transmission through air management.
Costa Cruises , the company’s Italian brand, started sailing again on Sept. 6 after a months-long hiatus brought on by ship outbreaks. Its German brand, AIDA Cruises , is resuming sailings in mid-October.
Carnival on average burned about $770 million a month during the third quarter, and it expects to burn about $350 million a month for the current quarter. Those cash-burn rates fall in line with the $650 million average monthly burn rate for the second half of the year the company previously expected.
Carnival said advanced bookings for the second half of 2021 available for sale as of Sept. 20 were at the higher end of the historical range.
Customer deposits as of Aug. 31 were $2.4 billion , most of which are future cruise credits the company had offered customers of canceled cruises in lieu of cash refunds, compared with $2.9 billion in May. Carnival said it can’t yet estimate how much of those deposits would be recognized in earnings compared to refunds or future cruise credits due to Covid-19 uncertainty.
The company continues to expect a loss of the year ending Nov. 30 .
KSS Roll
Bought to close KSS 10/09/2020 21.0 Diagonal Calls / Sold KSS 10/16/2020 21.50 Diagonal Calls @ 0.12 Credit plus a 0.50 higher strike.
No earnings next week for this one
KSS @ 21.68
VXX Put Rolls
Buying more time – bringing in $cash
Bought to close VXX 10/09/2020 25.0 Puts / Sold VXX 10/16/2020 25.0 Puts @ 0.29 Credit
Bought to close VXX 10/09/2020 24.50 Puts / Sold VXX 10/16/2020 24.50 Puts @ 0.34 Credit
Bought to close VXX 10/09/2020 24.0 Puts / Sold VXX 10/16/2020 23.50 Puts @ 0.02 Credit plus a 0.50 lower strike
Bought to close VXX 10/09/2020 23.50 Puts / Sold VXX 10/16/2020 23.0 Puts @ 0.11 Credit plus a 0.50 lower strike.
I have lots of short VXX calls expiring today too.
Done with worrying about VXX for this week.
TSLA
#ShortStrangles – Rolling up put side for additional credit…
Rolled TSLA OCT 16 2020 375.0 Put to OCT 16 2020 400.0 Put @ 2.00 credit
Now sitting at 400/480 @ 8.60
VXX
Swimming against the riptide on this one:
Bought 1 VXX Dec 18 2020 60.0 Call @ 0.63
Bought 1 VXX Dec 18 2020 50.0 Call @ 0.92
I will surely write against these several times.
NVDA
#ShortPuts – Hard to find anything down today. Throwing this out there prior to the election and below the 50ma and well outside the expected move…
Sold NVDA OCT 30 2020 485.0 Put @ 3.30
Closing AMZN condor
Bought to close $AMZN 10/16 2650/2700/3500/3550 iron condor @ 2.40. Sold for 14.39 on 9/11.
#shortputs DKNG Sold Oct. 16,…
#shortputs DKNG
Sold Oct. 16, 45 put for .56, stock down again today under 49.
New Covered Call on ATEC
We like to find young medical device companies with innovative technology that we can write covered calls against. ATEC looks promising. Great revenue growth and really nice margins.
Options are monthly….not ideal but they don’t take much work.
https://coveredcallswithjeff.wordpress.com/2020/10/09/new-covered-call-on-atec/
UVXY
#CoveredCalls – With earnings coming I think the buying power can be put to use in better ways. Taking the small loss on the covered stock. Sold stock pre-market at 17.75 (basis 18.90) and looking to close the short 18 calls for a penny or two.
Is SDC a good candidate for covered call strategy?
https://coveredcallswithjeff.wordpress.com/2020/10/09/is-smile-direct-club-sdc-a-good-candidate-for-covered-calls/
Update on Covered Called Strategy on Steris (STE)
https://coveredcallswithjeff.wordpress.com/2020/10/09/follow-up-on-ste-covered-call-strategy-stock-price-run-up/
AAL ADS KSS WFC
Covered Calls for next week:
Sold AAL Oct 16 2020 14.5 Covered Calls at $0.28
Sold ADS Oct 16 2020 50.5 Covered Calls at $0.60
Sold KSS Oct 16 2020 23.0 Covered Calls at $0.31
Sold WFC Oct 16 2020 26.5 Covered Calls at $0.26 (#Earnings)
SPX 1-dte
#SPX1dte Sold to Open $SPX Oct 9th 3355/3375-3495/3515 iron condors for 1.00, SPX 3445, IV 15.13%, deltas -.06,+.06
TRADES:
THC STO 10/16/20 27.0 PUTS @.52
THC STO 10/16/20 29.5 CALLS @.45 #Short Strangle


