Bought to open 1 SPY 10/26/2020 346.0 Call / Sold 1 SPY 09/30/2020 334.0 Call @ 0.04 Credit
Betting on some downside volatility after tomorrow’s debate.
Hoping to get re-write opportunities all though October
Category Archives: Uncategorized
NTES
#ShortPuts – Downgraded to 540-570 target.
Sold NTES OCT 09 2020 435.0 Put @ 4.00
WFC Covered Call
Sold WFC OCT 16 2020 $27 CALLS @ 0.18
WBA Calls
Sold 1 WBA OCT 02 2020 $37.50 Covered Call @ 0.17
Sold WBA OCT 02 2020 $38.00 Diagonal Calls @ 0.12
The stock range is 35.83 to 36.36 so far today
OSTK
#ShortPuts #CoveredCalls – Catching up on Friday. Keeping stock a little longer and adding a put sale.
Rolled OSTK SEP 25 2020 70.0 Call to OCT 02 2020 70.0 Call @ 3.05 credit
Sold OSTK OCT 02 2020 67.5 Put @ 2.20
Expirations Assignments
#optionsexpiration
$MRVL 40 call
$RAD 14 call
$NUGT 85 call
$OSTK 65 put Thank you @fuzzballl
$SQ 149 call After four months of rolling I decided to gather no more moss at this time
Expirations / Roll
Expirations / Roll
OX $AAL 14 Sep-25-2020 Calls
STO $AAL 12.5 Oct-02-2020 #CoveredCalls
OX $AMD Sep-25-2020 82.5/85 #BeCS (end of a long chain of trades)
Econ calendar for week of 9/28/20
Expiration Friday, all expired worthless,…
Expiration Friday, all expired worthless, ** denotes covered option. If CALL, doesn’t have an “s” after it it is only ONE CALL. ;>) Great weekend everyone, and where it applies, a great Holiday.
KODK 11.5 CALL STO @.75
KODK 12.0 CALL STO @.65
KODK 12.5 CALL STO @.50
OSTK 74.0 CALL STO @3.60
OSTK 76.0 CALL STO @3.10
VMW 141.0 CALL STO @.70 **
AAPL 115.0 CALL STO @.87 **
DKNG 52.0 CALL STO @.58 ** Looks like stocks going to be assigned
DKNG 53.0 CALL STO @.80 ** ” ” ” ” “
SPX 1-dte
#SPX1dte Sold to Open $SPX 3190/3210-3365/3385 iron condors for 1.40, IV 14.95%, SPX 3296, deltas -.07,+.06
MU Puts
#shortputs
$MU STO 10/2 46 put at .82. Earnings 10/2. Stock at 48.94. That’s all I have.
#diagonal SPY Rolled Sept. 25,…
#diagonal SPY
Rolled Sept. 25, 330 call to Sept. 28, 331 for .68
NVAX Puts Closed / PENN VXX HAL Puts Rolled
#shortputs
$NVAX BTC 9/25 106 put at .15. STO at 4.50.
$NVAX BTC 9/25 107 put at .15. STO at 5.69.
$PENN BTC 9/25 70 put and STO 10/2 67 put at .20 added credit
$VXX BTC 9/25 24 put and STO 10/2 24.5 put at .28 added credit
$HAL BTC 9/25 16 put and STO 10/2 16 put at even.
#shortputspread NVDA Sold Nov. 20,…
#shortputspread NVDA
Sold Nov. 20, 420/430 for 2.41 I plan to be out before some upcoming election and earnings the 11th.
SPY
Sold 1 SPY Sep 28 2020 330.0 Diagonal Call at $0.61
Also set up a new diagonal spread:
Bought to Open 1 SPY Oct 16 2020 348 Call / Sold to open 1 SPY Sep 28 2020 330 Call @ 0.22 Net Credit
Markets
Energy names are leading the downside in the S&P500 with the market up
APA Apache Corporation
FTI TechnipFMC plc
MRO Marathon Oil Corporation
NOV National Oilwell Varco, Inc.
OXY Occidental Petroleum Corporation
SLB Schlumberger Limited
FANG Diamondback Energy, Inc.
VLO Valero Energy Corporation
MPC Marathon Petroleum Corporation
COG Cabot Oil & Gas Corporation
HFC HollyFrontier Corporation
DVN Devon Energy Corporation
PSX Phillips 66
Only Cabot and Valero are currently profitable but most are still paying a dividend
TRADES: Late posting
CZR BTO STOCK @54.85
AAPL BTO STOCK 108.94 & 109.37
WDC roll
Bought to close WDC Sep 25 2020 40.0 Diagonal Calls at $0.01. It won’t trade any lower.
Replaced these with WDC Oct 02 2020 40.0 Diagonal Calls at $0.43
SPY roll
Bought to close SPY Sep 25 2020 334 Call at $0.01. (Sold Wednesday @ 1.15)
Bought to close SPY Sep 25 2020 333 Call at $0.01. (Sold last Friday @ 5.12)
They won’t trade any lower.
Replaced them:
Sold 1 SPY Sep 28 2020 329.0 Diagonal Call at $0.55
Sold 1 SPY Sep 30 2020 329.0 Diagonal Call at $1.34
VXX Put roll
Bought to close VXX Sep 25 2020 26.0 Puts at $0.22. Sold last Friday on a roll down at $2.46.
Replaced them with short VXX Oct 02 2020 24.5 Puts at $0.29 for a 0.07 Net Credit.
With VXX bouncing around on both sides of the strike price yesterday, I’m not waiting for expiration.
KR Put Closed
#shortputs
$KR BTC 9/25 35 put at 1.50. STO at 2.07.
NVDA iron condor
Sold to open $NVDA 10/16 430/440/550/560 iron condor @ 3.38
NVDA TSLA Put Closed
#shortputs
$NVDA BTC 9/25 465 put at .50. STO at 3.80. Thank you @fuzzballl
$TSLA BTC 9/25 350 put at .60. STO at 6.20. Thank you @fuzzballl
OSTK
#ShortPuts – Another one for tomorrow.
Bought to Close OSTK SEP 25 2020 67.5 Put @ .20 (sold for 2.70)
SLB
Squeezing some lunch money out of this one for tomorrow
Sold SLB Sep 25 2020 17.5 Covered Calls at $0.05
TSLA
#ShortPuts – Took the quickie profits on both of these. Looking to re-load on a pullback.
Bought to Close TSLA OCT 2 2020 325.0 Put @ 3.40 (sold this morning for 5.50)
Bought to Close TSLA OCT 2 2020 310.0 Put @ 2.25 (sold this morning for 3.80)
ADBE condor
Sold $ADBE 10/16 420/430/510/520 iron condor @ 3.11. Short strikes around 20 delta. IV rank 39. My only issue with this trade is the liquidity is good but not great.
Closing NVDA
Bought to close $NVDA 9/25 465 put @ .28. Sold for 3.20 on 9/16. Thanks @fuzzballl !
SPY
Covered up my last long call for a diagonal spread when SPY sprinted to 325.50.
Sold 1 SPY Sep 28 2020 332 Call at $0.52.
I have two short calls expiring (I hope) tomorrow at 333 and 334.
LABU STO LABU Oct16’20 35…
LABU
STO LABU Oct16’20 35 PUT @1.10
FB Batman BWB
$FB BTO Oct 16, 245 / 255 / 270 Broken Wing Call Butterfly for 0.53 debit.
$FB BTO Oct 16, 250 / 240 / 225 Broken Wing Put Butterfly for 0.30 debit.
Upside / Downside Breakeven at $264 / $231.
DOCU TDOC
#ShortPuts – Very similar stocks. Both down today and pretty high on my IV Rank list so going in again. Selling at the expected moves and near recent lows.
Sold DOCU OCT 09 2020 180.0 Put @ 2.90
Sold TDOC OCT 09 2020 180.0 Put @ 2.75
SPY
Looking at a 6 month chart.
Support seems to be in a band from 320 to 322.
We are testing that now.
If SPY breaks 320, not much support until 300 or so.
And the VIX could easily spike 10 -20%
NVDA TQQQ
#ShortPuts – Won’t be able to watch the market tomorrow so taking these off today on the early bounce. Re-loading TQQQ for another one next week.
Bought to Close NVDA SEP 25 2020 465.0 Put @ .80 (sold for 3.09)
Bought to Close TQQQ SEP 25 2020 110.0 Put @ 1.60 (sold for 2.36)
Sold TQQQ OCT 02 2020 100.0 Put @ 2.30
TSLA
#ShortPuts – Glad I turned on the computer in time to catch the quick rally. Took a big shot at battery day. Moved completely against me but still out on the bounce with tiny winners and re-loading next week.
Bought to Close TSLA SEP 25 2020 375.0 Put @ 9.00 (sold for 9.80)
Bought to Close TSLA SEP 25 2020 360.0 Put @ 4.00 (sold for 4.00)
Sold TSLA OCT 2 2020 325.0 Put @ 5.50
Sold TSLA OCT 2 2020 310.0 Put @ 3.80
WDC
Western Digital has given back almost all of yesterday’s big up move.
Two pieces of news yesterday:
Craig-Hallum analyst Christian Schwab upgrades Western Digital (NASDAQ:WDC) from Hold to Buy and raises the price target from $44 to $62.
Western Digital shares have sprung to life amid speculation that a corporate reorganization announced on Tuesday could be a prelude to a split into two companies, one focused on disk drives and the other on flash memory products.
Western Digital (ticker: WDC) said late Tuesday that it had created two separate business units, one focused on drives and the other on flash. The company also announced that it had hired a former Symantec and Cisco executive, Robert Soderbery , as general manager of the flash unit — and that it was looking for a leader for the hard drive business.
The company gave no indication that it planned to divest or spin either of the two businesses, but some analysts think CEO David Goeckeler may be laying the groundwork for major structural change at the company.
LABU
The puts get interesting around the $40 area.
A double bottom there in June and in August.
Trying for a 40/30 diagonal Bull Put Spread.
SPY Diagonals
Sold SPY Sep 28 2020 331 Calls at $0.56 and $0.66
Sold 1 SPY Sep 30 2020 332 Call at $1.04
Sold 1 SPY Oct 02 2020 335 Call at $1.05
Replacing some of the short calls that expired yesterday.
#DoubleDip
SPY ran from 320 to 324 after a lower open.
ADBE TDOC
#ShortPuts – A couple late fills…
Bought to Close ADBE SEP 25 2020 440.0 Put @ .75 (sold for 2.44)
Bought to Close TDOC SEP 25 2020 187.5 Put @ .43 (sold for 2.30)
TSLA
ShortStrangles – Booking for a small profit. Covers my probable .55 loss in the iron fly.
Bought to Close TSLA SEP 25 2020 350.0/570.0 Strangle 3.35 (sold for 4.10)
SPX trades
#SPX1dte STOPPED $SPX Sept 23rd 3240/3220 put spreads for 1.55. Condors sold yesterday for 1.20
#SPX7dteLong Expiring: $SPX Sept 23rd 3335/3315 put spreads for max credit of 20.00. Condors bought last Thursday for 17.55
VXX
Sold VXX Sep 25 2020 30.50 Calls at $0.13.
Balancing out short puts.
Hedged with Nov long calls.
LABU
#ShortPuts – Adding shorter term but slightly higher strike. At the expected move near recent lows and below the 200ma.
Sold LABU OCT 02 2020 45.0 Put @ 1.32
TRADES:
AAPL BTO STOCK @109.47, 109.65, 109.67, In increments of 25 shares each.
Closing DOCU
Bought to close $DOCU 10/16 180/170 bull put spread @ .90. Sold for 2.28 on 9/11.
Vacay
In our first attempt to “getaway” since this whole mess started, I will be away with the wife for two nights in a forest cabin. No internet or cell signal. We leave today after the market and will return Friday, so I will be logging in before Friday’s close to place a Monday trade. Please watch over Bistro while I’m gone!
ULTA, Last week I called…
ULTA, Last week I called ULTA a pig. I am sorry that I insulted pigs. I hope to get out of this stock around 2025 if I am lucky.
NFLX
#ShortPuts – Still staying very short term. Selling at the expected move and below recent lows. Also a couple weeks prior to earnings…
Sold NFLX OCT 02 2020 450.0 Put @ 3.60
DOCU
#ShortPuts – Bought to Close DOCU SEP 25 2020 177.5 Put @ .10 (sold for 2.50)
SPY
Sold 1 SPY Sep 25 2020 334.00 Diagonal Call @ 1.16.
I have SPY 332, 333, & 334 short diagonal calls hopefully expiring today
WDC
Big move in WDC this morning. Up almost 10%
Wrote my covered Calls way too early.
Sold WDC Sep 25 2020 41 Calls at $0.22
TSLA
#ShortStrangles – Hopefully this won’t get interesting…
Sold TSLA SEP 25 2020 350.0/570.0 Strangle @ 4.10
SPX 1-dte
#SPX1dte Sold to Open $SPX Sept 23rd 3220/3240-3375/3395 iron condors for 1.20, IV 18.5%, SPX 3315, deltas -.07,+.05
TSLA
#IronFlies – Just for fun playing this as a big dud with little movement. Risk 55 to make 945.
Sold TSLA SEP 25 2020 415.0/425.0/425.0/435.0 Iron Fly @ 9.45
Battery Day
WFC
Another tiny diagonal – puts this time – a bit longer life
Bought WFC Dec 18 2020 17.50 Puts / Sold Oct 16 2020 22.00 Puts @ 0.12 Credit.
The short strike is right at the March/April lows for the stock.
#FallingKnife
NVDA
#ShortPuts – At the expected move and below the 50ma…
Sold NVDA OCT 02 2020 450.0 Put @ 4.33
KSS SLB tiny diagonals
Bought to open KSS Nov 20 2020 32.50 Calls/ Sold KSS Sep 25 2020 22.50 Calls @ 0.06 Credit
Bought to open SLB Jan 15 2021 27.50 Calls/ Sold SLB Sep 25 2020 18.00 Calls @ 0.04 Credit.
I have long stock in both these names but I have not written covered calls on them for this week yet.
Let’s see how the spreads work out in the next few days.
#closing PTON Sept.10, sold an…
#closing PTON
Sept.10, sold an Oct.16, 65/70 put spread for 1.18, bought today for .45
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Sept 28th 3275/3295-3305/3325 condors for 17.70, with SPX at 3298.
#closing ROKU Sept. 4 sold…
#closing ROKU
Sept. 4 sold 140/145 put spread for 1.75, bought today on the big jump for .35
TSLA
#ShortPuts – Adding one…
Sold TSLA SEP 25 2020 360.0 Put @ 4.00
NFLX put spread
Sold to open $NFLX 10/16 465/455 bull put spread @ 3.45. Short strike 36 delta. IV rank 32.
SPY diagonal
Sold SPY Sep 23 2020 332.00 Calls at $0.43 against already long calls in October.
SPX-7 dte
#SPX7dteLong Expiring today: $SPX Sept 21st 3410/3390 put spreads for max credit of 20.00. Condors bought last Tuesday for 17.35.
NOTE: I’m not buying one for this Friday’s expiration as I will be on a getaway Wednesday afternoon until Friday noon without internet.
LABU
#ShortPuts – Adding at lower strikes…
Sold LABU OCT 09 2020 40.0 Put @ 1.20
PYPL short puts
Sold to open $PYPL 10/16 170 puts @ 3.80. Stock is up nicely on a really weak day in the market. Delta 27, IV rank 41.
There was a good article this weekend in Barron’s on how Covid killed cash (it was on its way out before all this but the pandemic is just speeding things up). Some interesting takes on how to play it with $PYPL getting the most positive mentions. They also like $SQ $V and $MA among others. $PYPL and $SQ are both up today, not being dragged down by the ties to pandemic-reduced transaction volume that $V $MA have.
An alternative trade: 10/16 170/160 bull put spread for around 2.00.
Insurance Stocks
Taking it on the chin today
UNM -6.9%
LNC -7.4%
PRU -5.5%
AIG -4.5%
All pay nice dividends
Markets
#watchlist
OMC – Forward P/E 9.63 DivYield 5.04% 52WeekLow 46.37
T – Forward P/E 8.97 DivYield 7.19% 52WeekLow 26.08
PBCT – Forward P/E 11.03 DivYield 6.77% 52WeekLow 9.37
XOM – Forward P/E 24.84 DivYield 9.36% 52WeekLow 30.11 (Dividend cut candidate??)
STX – Forward P/E 9.28 DivYield 6.55% 52WeekLow 39.02
ULTA, STO January 300 call…
ULTA, STO January 300 call at 3.30, I still own this pig from an earnings trade last year so, I keep selling covered calls. My cost basis is $311 and it is only on 100 shares so I guess I am lucky it is not more shares.
#shortputs DKNG Sold Oct. 9,…
#shortputs DKNG
Sold Oct. 9, 41 put for .80, stock at 51, down 4 something today
SPY
#ShortPuts – Another starter…
Sold SPY OCT 16 2020 295.0 Put @ 2.30
LABU
#ShortPuts – Back in with a starter…
Sold LABU OCT 09 2020 42.5 Put @ 1.35
WBA
Reversed the bad assignment from Friday on the 36.50 Call by rebuying the stock @ 36.44 on the open.
Sold 1 WBA 09/25/2020 37.0 Covered Call @ 0.42 & Sold 1 WBA 09/25/2020 37.50 Diagonal Call @ 0.34.
WDC Puts
Sold WDC 09/25/2020 33.50 Puts @ 0.17. The strike is about equal to the post-earnings low.
Hedged with October 30 puts already long.
Options Bistro 