MS 8/14/20 ITM 50.5 PUTS @.93
MS BTO STOCK @50.14
MS STO 8/14/20 51.0 CALL @.46
KODK STO 8/14/20 17.0 CALLS @1.15
AAOI STO 8/14/20 15.0 PUT @.35
Category Archives: Uncategorized
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 10th 3255/3275-3395/3415 condors for 1.10, with SPX at 3350. IV 11.24%, ∆ -.06,+.06
Expiring: Aug 7th #RiskReversal 3290/3270 put credits spreads & 3390/3405 call debit spreads. Keeping credit of .20.
VXX
Another #Boredtodeath trade 🙂
Bought VXX Jun 21 2021 9.0 Puts / Sold VXX Aug 14 2020 26.0 Puts @ 0.18 Credit with the stock at 26.85.
Normal #Contango drift in VXX will help the long Puts between now and next June
SPX 1 DTE
Bull
Sold AMZN Sep 18 2020 3065/3060 Bull Put @ 6.10
Sold NVDA Sep 18 2020 405/400 Bull Put @ 1.47
Sold BABA Aug 21 2020 245/240 Bull Put @ 1.55
Bought to close PTON Sep 18 2020 60 Put @ 3.05 (sold @ 4.38)
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Aug 14th 3315/3335-3345/3365 condors for 16.30, with SPX at 3342.
Expiring: Aug 7th 3165/3185 call spreads for 20.00 DEBIT. This is the one I sold last Friday , but never had a chance to take profit as index only moved up since then. Sold last Friday for 18.95, closed puts for .05, so total loss 1.10.
NFLX
#ShortStrangles – A little more risk reduction…
Bought to Close NFLX AUG 21 2020 425.0/575.0 Strangle @ 1.56 (sold for 10.70)
TQQQ
#ShortPuts – This ticker is nearly completely cash secured even in a PM account so unloading it too. Hoping for new entries next week.
Bought to Close TQQQ AUG 21 2020 90.0 Puts @ .70 (sold for 2.50)
TQQQ
#ShortPuts – Thinning the herd a little in case there’s more weakness next week…
Bought to Close TQQQ AUG 21 2020 90.0 Put @ .70 (sold for 3.30)
Bought to Close TQQQ SEP 18 2020 45.0 Puts @ .35 (sold for 1.35)
NVDA
#ShortPuts – Taking a small shot next week. Earnings the following week so should be able to get a nice roll if needed.
Sold NVDA AUG 14 2020 420.0 Put @ 2.90
STMP Earnings
#JadeLizards #Earnings – Wasn’t expecting that to fill but I’ll take it. Squeezed a buck out of the ‘ol lizard.
Bought to Close STMP AUG 7 2020 245.0/250.0 Bear Call Spread @ 4.90 (Lizard sold @ 5.90)
Letting put side expire….
VXX Puts
Bought to close VXX 08/07/2020 27.0 Diagonal Puts @ 0.30
Sold these during the week @ 0.56/0.50/0.33 and 0.60
Replaced them with half the number of 08/14/2020 26.0 Puts @ 0.61.
Even swap on the cash.
New shorts are sold against 2021/2022 long puts.
Will add to my shorts for next week if higher prices become available.
AAL Rollups
Riding this rally a little longer
Bought to close AAL 08/07/2020 14.0 Diagonal Calls @ 0.02. Sold these @ 0.26 Yesterday.
Replaced them with AAL 08/14/2020 15.0 Calls @ 0.16.
Also rolled up 1 AAL 08/07/2020 13.0 Covered Call to AAL 08/14/2020 13.50 Covered Call @ 0.30 Credit
MRVL Strangle / MS Put Roll / KR Put
#shortstrangles
$MRVL STO 8/14 36/37.50 strangle at $1.00
#shortputs
$MS BTC 8/7 and STO 8/14 50 put at added .50 credit. So far 1.75 collected.
$KR STO 9/18 35 put at 1.53
TSLA
#ShortStrangles – Filled on the new one so closing the current one…
Bought to Close TSLA AUG 21 2020 800.0/3200.0 Strangle @ .75 (sold for 6.10)
TSLA
#ShortStrangles – Trying another one…
Sold TSLA SEP 18 2020 700.0/2900.0 Strangle @ 6.54
VXX
Bought to Open 1 VXX Nov 20 2020 70 Call at $0.98.
Preparing for election fireworks.
SPCE
#CoveredCalls – Stock should be assigned around a 19.75 basis so getting an early start on covered calls. Planning on closing the long side of the put spreads a little later and letting the shorts get assigned so lower the better rest of the day.
Sold SPCE AUG 14 2020 17.5 Calls @ 1.58
WBA Covered rollup
Bought to close WBA 08/07/2020 41.50 Covered Calls / Sold WBA 08/14/2020 42.0 Covered Calls @ 0.17 Credit.
I want to keep this dividend payer a bit longer and it goes ex-div on 08/18 for 0.4675 per share.
I’m guessing the stock will run a bit next week as the dividend date approaches.
KSS Covered and Diagonal rollups
Bought to close KSS 08/07/2020 21.50 Covered Calls / Sold KSS 08/14/2020 22.0 Covered Calls @ 0.32 Credit
Bought to close KSS 08/07/2020 22.0 Diagonal Calls / Sold KSS 08/14/2020 23.0 Covered Calls @ 0.17 Credit
UVXY
#ShortPuts – Keeping my hedge on…
Rolled UVXY AUG 7 2020 24.0 Puts to AUG 14 2020 23.0 Puts @ .12 credit (1.35 total now)
NET
STO September 37 puts at 1.15
WYNN
#CoveredCalls – Stock never got as weak as I was hoping so letting stock get called away slightly below my basis. Replacing with a short put for recovery.
WYNN Stock called away @ 65.0 (basis 68.95)
Sold WYNN AUG 14 2020 71.5 Put @ 1.05
WDC earnings blowup
Rolled my WDC 08/07/2020 40.0 Puts out a week to 08/14/2020 40.0 Puts for a 0.15 Credit
VIAC calls
Bought to close VIAC AUG 07 2020 28.00 Calls @ 0.01. Sold these before earnings @ 0.49 on 08/03
July Jobs Reports
#Jobs — an increase that sightly beats expectations.
Gain of +1,763,000 non-farm payroll jobs, vs. expected 1.48M gain
Unemployment at 10.2%, down by 0.9%, vs. expected 10.6%
U6 unemployment at 16.5%, down by 1.5%
Labor force participation 61.4%, down by 0.1%
Average hourly earnings up 0.2%.
June jobs revised down by -9K
May jobs revised upward by +26K
VXX for next week
Sold VXX 08/14/2020 26.0 Puts @ 0.70 against 2021/2022 long puts already paid for by earlier diagonal spreads.
#DoubleDip
SPX 1-dte
#SPX1dte Since we have another #Jobs report tomorrow I’m going with a #RiskReversal for the upside.
Sold to Open $SPX Aug 7th 3290/3270 put spreads
Bought to Open Aug 7th 3390/3405 call spreads
Total credit: .20
IV: 16.27%, short put ∆ -.10, long call ∆ +.05
TSLA
STO September 18, 1330/1350-1880/1900 iron condor at 9.00
AAPL
STO September 18, 300/350-600/650 iron condor at 1.30,
UVXY
#CoveredCalls – I’ve got a few shares of stock I’ve been covering to keep my basis somewhat near the stock drop. Instead of selling more aggressive strikes I’ve been going out further and overlapping the sales. Once I can safely get a stop on a batch I sell the next ones. This week looks safe so…
Earlier this week:
Sold UVXY AUG 14 2020 25.0 Calls @ 1.50
And today:
Sold UVXY AUG 21 2020 25.0 Calls @ 1.42
SPX 7dte
#SPX7dteLong Bought to Open $SPX Aug 12th 3320/3340-3350/3370 condors for 15.80 with SPX at 3347. I didn’t buy the ATM spread yesterday because it was going for over 19.00. Wait one day and now it is the cheapest I’ve ever gotten on this strategy. Does this mean I should always wait for 6 days out rather than 7?
Also, BTC $SPX Aug 7th 3155/3135 put spreads for .05. This is for the lottery ticket chance of a major down day tomorrow, allowing me to close the call side for a profit without worrying about the put side. Condors SOLD last Friday for 18.95.
LULU
Early early on this, but with the run up yesterday, no sense in letting things sit.
Rolled $LULU Aug-14-2020 285/295 #BuPS // Sep-04-2020 290/300 @1.55 Credit.
WDC STO WDC Oct16’20 30…
WDC
STO WDC Oct16’20 30 PUT @ 0.72
STO WDC Jan15’21 30 PUT @ 2.01
EWZ TSLA
#ShortPuts – A few more…
Bought to Close EWZ AUG 14 2020 28.0 Puts @ .07 (sold for .71)
Bought to Close TSLA AUG 21 2020 600.0 Put @ .20 (sold for 2.27)
TRADES: Reported this morning, earnings.
VIAC STO 8/7/20 27.0 CALLS @.34
VIAC STO 8/7/20 27.0 PUTS @.43
VIAC BROKE A DOUBLE TOP ON THE POINT & FIGURE CHART, GIVING A BUY SIGNAL TODAY.
A TRADE:
WDC STO 8/7/20 37.0 PUT @.38 @fuzzball’s idea, I ran with it. Thank you fuzz.
LABU TNA
#ShortPuts – Taking a few chips off the table…
Bought to Close LABU AUG 14 2020 40.0 Puts @ .15 (sold for 1.15)
Bought to Close TNA AUG 21 2020 20.0 Puts @ .06 (sold for .61)
STMP Earnings
#JadeLizards #Earnings – This thing has proven that it can go anywhere on earnings. I guess that’s why it’s got the highest IV Rank on my list today by a wide margin. It’s down on the day and I’m playing it further to the downside. Going with the Jade Lizard with the put side close to 1.5x the expected move….2x the expected move including today’s down move. No upside risk but will need the stock down 20 more for a shot at max profit.
Sold STMP AUG 7 2020 215.0/245.0/250.0 Jade Lizard @ 5.90
LABU Roll
BTC $LABU Aug-07-2020 $56 #ShortPuts @0.50
STO $LABU Aug-14-2020 $55 #ShortPuts @2.01
YELP earnings analysis
#Earnings $YELP reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
May 7, 2020 AC +2.35%
Feb. 13, 2020 AC -3.47%
Nov. 7, 2019 AC +15.43%
Aug. 8, 2019 AC +5.20%
May 9, 2019 AC -14.37%
Feb. 13, 2019 AC -0.70%
Nov. 8, 2018 AC -26.59% Biggest DOWN
Aug. 8, 2018 AC +26.65%
May 10, 2018 AC -7.81%
Feb. 7, 2018 AC -14.04%
Nov. 1, 2017 AC -0.10%
Aug. 3, 2017 AC +27.66% Biggest UP
Avg (+ or -) 12.03%
Bias 0.85%, slightly positive bias on earnings.
With stock at 27.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 24.15 to 29.85 (+/- 10.6%)
Based on AVERAGE one-day move over last 12 quarters: 23.75 to 30.25
Based on MAXIMUM one-day move over last 12 Q’s (27.7%): 19.53 to 34.47
Based on DOWN max only (-26.6%): 19.82
Open to requests for other symbols.
Gold
Not a stock but …..
I couldn’t let the price get above 2050 go without some action on my part.
Sold a portion of my coins bought in 2014 @ 1205/oz.
I’m sure gold goes to $2500 now
VXX
Bought 1 VXX Sep 18 2020 40.00 Call & 1 VXX Oct 16 2020 51.00 Call , both @ 0.98.
I’ll write against these on any VIX explosion.
I can’t believe we won’t have some market moving news before the fall.
A TRADE: Ride ’em cowboy.
KODK BTO STOCK @15.92
TRADES:
THC STO 8/14/20 40.0 NTM CALLS @1.10
KODK STO 9/7/20 17.0 CALL @.97 Expires tomorrow.
IV Rank (percentile) in Think or Swim
Not sure why I didn’t do this a long time ago. Very easy to add the column to watchlists and do custom scans for IV rank. It’s an old video but still works perfectly.
#shortputs LUV Sold Sept. 18,…
#shortputs LUV
Sold Sept. 18, 27.50 put for .65
#tastytradefollow
ROKU
#ShortPuts – Down a little after earnings…
Sold ROKU SEP 18 2020 125.0 Put @ 2.80
WDC Earnings
#ShortPuts – Adding to my original position…
Sold WDC AUG 21 2020 40.5 Puts @ 2.75
TSLA
BTC August 21, 1800/1820-1350/1330 iron condor at 4.70, sold at 9.45, following TT, I.C. plan.
“Covered Calls” Outperforming “Stock Only” in 13 of 20 positions.
We have been tracking the daily profitability of covered call positions for an extended period of time. Many of the positions have been rolled several times. If stock is assigned it was removed from the tracking and considered closed. The following positions are “open”.
- Blue Line = Profit or Loss on stock
- Orange Line = Profit or Loss on Option
- Black Line = Net or Combined for Stock and Option.
If the Black Line is above the Blue Line the “covered call” is outperforming just owing the stock. If Black Line is Below Blue the stock is outperforming the covered call.
401(K) Account
General Account
WDC
Western Digital Reports Fourth Quarter and Fiscal Year 2020 Financial Results
News Summary
— Fourth quarter revenue was $4.3 billion , up 18% year-over-year (YoY).
Data Center Devices and Solutions revenue grew 32%, Client Devices grew
19%, and Client Solutions declined 9% YoY. Fiscal year 2020 revenue was
$16.7 billion , up 1.0% YoY.
— Fourth quarter GAAP earnings-per-share (EPS) was $0.49 and non-GAAP EPS
was $1.23 . Both GAAP and non-GAAP EPS include $96 million in costs
related to COVID-19 in the fourth quarter. Fiscal year 2020 GAAP EPS was
($0.84) and non-GAAP EPS was $3.04 .
— Generated operating cash flow of $172 million and free cash flow of $261
million in the fourth quarter. Generated operating cash flow of $824
million and free cash flow of $1.1 billion in fiscal year 2020.
— Expecting first fiscal quarter 2021 revenue to be in the range of $3.7 to
$3.9 billion with non-GAAP EPS in the range of $0.45 to $0.65 . Non-GAAP
EPS outlook includes costs related to COVID-19.
SPX trades
#SPX7dteLong I am not buying a spread for next Wednesday because, like last Friday, it is going for over 19.00. I don’t know why this is, as I was able to buy Monday’s spread for only 16.65, which is perhaps the least I have ever paid. I SOLD one on Friday, but that spread will be a loss unless we drop into Friday’s close. Friday is the unemployment report for July, so it could be a wild day.
Expired: $SPX Aug 5th 3245/3265 call spreads for max credit of 20.00. Condors bought last Wednesday for 16.85.
#SPX1dte Expiring: Aug 5th 3220/3240-3345/3365 condors, sold yesterday for .85.
TQQQ
BTC August 7, 65 puts at .01, sold at 1.05 and that is it until next week.
Hello BOIL our old friend…
Probably not the best trade in the world but the big move up in nat gas is screaming “fade me”. At least I thought I heard that.
So keeping with the promise I made to myself of not selling naked calls on these leveraged commodity ETFs, I decided to sell a call spread, the 12/18 60/70 bear call spread for 1.30. Kind of kills the appeal of these since you could sell the highest strike in December, 90 calls, for 3.75 or so. But those days are over. The other drawback is liquidity so if this thing rockets up again there might be some slippage in getting out. We’ll see what happens.
WDC Earnings
#ShortPuts #Earnings – A small shot out a couple weeks…
Sold WDC AUG 21 2020 40.5 Puts @ 1.01
ROKU Earnings
#ShortPuts #Earnings – Can’t believe I’m selling this strike but here goes. Right at the expected move but still above the 50ma. Sure looks extended to me…
Sold ROKU AUG 21 2020 140.0 Put @ 2.75
AAL
New diagonal spread to go along with my covered Calls
Sold AAL 08/07/2020 14.0 Calls / Bought AAL 10/16/2020 25.0 Calls @ 0.04 Credit.
Rumors of further airline bailouts. The 2 day calls are quite rich with the stock at 12.50.
Another #BoredToDeath trade
#shortputs X It’s not in…
It’s not in the league of a short strangle in AMZN, sold an Aug. 21, 7 put for .28.
ATVI
#ShortPuts #Earnings #OneNightStand – Thanks for playing! I’ll call you in 3 months.
Bought to Close ATVI AUG 21 2020 76.0 Puts @ .30 (sold for .98)
LVGO
#ShortPuts – Adding the other side of the TDOC merger. Both stocks down and nobody’s happy so I’m happy!
Sold LVGO AUG 28 2020 110.0 Put @ 2.30
AAPL
Apple received a rare analyst downgrade on Wednesday morning from Bank of America, as the market capitalization of the equity approaches an all-time high $2 trillion.
BofA analyst Wamsi Mohan downgraded Apple’s stock to “neutral” from “buy”, citing rapid multiple expansion that has pushed valuations to rich levels. Besides the downgrade, the analyst increased his price target from $420 to $470.
Mohan said Apple shares are trading at the highest premium to the S&P500 in a decade, and now represents 6.5% of the market cap of the entire S&P500.
VIAC Earnings
Anyone playing this one?
SPY
Rolling one of my long Call Up and out.
Sold to close SPY 08/21/2020 325.0 Call / Bought SPY 10/16/2020 336.0 Call @ 0.30 Credit.
I got a double on my 325 long.
I continue to sell very short term SPY calls against the longs hoping for a decent pullback some day.
VXX
Sold 08/07/2020 27.00 Puts @ 0.56.
Sold against 2021 Long Puts already paid for with earlier diagonal spreads.
#DoubleDip
LULU call spread
$LULU Up today now seems to be slowing down. Fading the move by selling 8/21 365/375 bear call spread @ 1.34 credit. Not getting 1/3 the width of the strikes because I’m considering this to be more of a synthetic short call, with a long call to reduce buying power. Short call at 32 delta.
TRADE:
THC STO 8/7/20 30.0 CALLS @.50
TRADES:
APT STO 8/7/20 22.0 CALLS @.30
CC BTO STOCK @20.82
CC BTO STOCK @21.20 now overweight
TDOC
#ShortPuts – Thanks @jsd501 for pointing this one out. Added to my watchlist now.
Sold TDOC AUG 28 2020 175.0 Put @ 3.30
CODX Puts / OLLI Calls
#shortputs
$CODX STO 8/7 27 put at 1.50
#coveredcalls
$OLLI STO 8/21 110 call at 1.80
AMZN
In my IRA,
BTC August 21, 2650/2700-3700/3750 Iron condor at 1.50, sold at 3.05
I am following the TT of 50% profit or 21 days to expiration.
TRADES:
GDX STO 8/7/20 45.0 ATM PUTS @.52 Worst case scenario, I bought the stock a little cheaper. ;>)
MRNA
#ShortPuts – Just a small one. Down after earnings so selling just outside the expected move and well below the 50ma…
Sold MRNA AUG 21 2020 60.0 Puts @ .96
Another DOCU rollup
$DOCU Rolled the bull put spread side of my iron condor up again, from 8/21 205/195 to 220/210 @ 1.87 credit. Put spread side has been rolled up 3 times and now total premium is 8.20 against 10 point wide wings so I will let this position sit with a now max loss of 1.80. Will look to close out for a profit if the opportunity arises before options expiration.
TDOC
STO September 18, 200/180-260/280 iron condor for a 8.25 credit, you can do better now.
Options Bistro 