Bought to close 1 SPY 06/26/2020 307.0 Call / Sold 1 06/30/2020 308.0 Call @ 1.12 Credit Plus a point higher strike.
Potentially a $200 better result with 2 trading days until expiration.
PS: The SPY has contracts coming due each day next week because of the Quarterly expiration on 6/30 and the normal Friday expiration pushed to Thursday because of the July 4th Holiday.
WFC STO 7/2/20 24.5 PUTS @.46
APT STO 7/2/20 21.50 CALLS @.90
#putratiospread #ironcondor #rolling KRE JPM OXY VIAC
KRE sold Aug. 21, 32/32/35 ratio put spread for .58
JPM sold Aug. 21, 80/85/110/115 iron condor for 2.06
#tastytradefollow
OXY rolled July 17, 30 put to August 17, 30 put for .20, I’ve had it since March 4, going to have it for a while longer.
VIAC rolled July 17, 25 put to August 21 for .87
Bought to close 1 SPY 06/26/2020 301.0 Call / Sold 1 06/29/2020 302.0 Call @ 1.02 Credit Plus a point higher strike.
Potentially a $200 better result with ONLY ONE ADDITIONAL DAY until the new expiration.
#ShortPuts – Well outside the expected move and below the 50ma and a month before earnings.
Sold NVDA JUL 17 2020 330.0 Put @ 3.55
AMRC BTO STOCK 26.77
Bought to close 06/26/2020 46.0 Calls / Sold 07/02/2020 46.0 Calls @ 0.55 Credit.
Sold this week’s 46.0 Calls @ 0.84 and 0.89 last Friday.
Bought to close 06/26/2020 40.5 Calls / Sold 07/02/2020 44.0 Calls @ 0.69 Credit Plus a 3.50 higher short strike.
Sold this week’s 40.50 Calls @ 1.69 last Friday
Bought to close 06/26/2020 39.0 Calls / Sold 07/02/2020 42.0 Calls @ 0.89 Credit Plus a 3.0 higher short strike.
Sold this week’s 39.0 Calls @ 1.39 last Friday
#shortputs
$ROKU BTC 6/26 110 put at .05. STO on 6/17 for 2.48. Thank you @fuzzballl
#ShortPuts #CoveredCalls – A few today…
STMP: Doing this as a live demo for a buddy who’s learning option trading. He picked the stock and strike then I adjusted down a little for extra safety. Two weeks before earnings on this one.
Sold STMP JUL 17 2020 150.0 Put @ 3.53
TNA: Rolling out and down.
Rolled TNA JUN 26 2020 28.5 Puts to JUL 02 2020 27.5 Puts @ even (1.70 total credit so far)
UVXY: This week’s short puts look good. Covered calls DITM so wouldn’t mind a pullback here. Come and get these Mr. Market.
Sold UVXY JUL 10 2020 30.0 Puts @ 2.28
#SPX1dte Sold to Open $SPX June 26th 2965/2985-3150/3170 condors for 1.30, IV 25%, SPX 3078, deltas -.06, +.06.
#shortputs DKNG #coveredcalls
DKNG Sold July 17, 30 put for 1.23.
#tastytradefollow
KSS bought 100 shares @ 19.77, sold July 2, 19 call for 1.42, debit of 18.35
Bought to close KSS 06/26/2020 19.50 Calls / Sold KSS 07/02/2020 20.50 Calls @ 0.10 Credit plus an extra point on the strike price.
#Earnings $NKE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 24, 2020 AC +9.23%
Dec. 19, 2019 AC -1.17%
Sept. 24, 2019 AC +4.16%
June 27, 2019 AC +0.34%
March 21, 2019 AC -6.61% Biggest DOWN
Dec. 20, 2018 AC +7.16%
Sept. 25, 2018 AC -1.28%
June 28, 2018 AC +11.12% Biggest UP
March 22, 2018 AC +0.32%
Dec. 21, 2017 AC -2.28%
Sept. 26, 2017 AC -1.91%
June 29, 2017 AC +10.96%
Avg (+ or -) 4.71%
Bias 2.50%, strong positive bias on earnings.
With stock at 100.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 94.59 to 105.41 (+/- 5.4%)
Based on AVERAGE one-day move over last 12 quarters: 95.29 to 104.71
Based on MAXIMUM one-day move over last 12 Q’s (11.1%): 88.88 to 111.12
Based on DOWN max only (-6.6%): 93.39
Open to requests for other symbols.
In my IRA, BTC July 2, 40 puts at .02, sold at .51
In the trading account, BTC July 2, 40 puts at .02, sold at .60
I just want to free up some margin in case the virus gets even worse.I think it will have an impact on earnings and the FED cannot do much about that.
Rolled $AMD Jun-26-2020 45 #ShortPuts // Jul-17-2020 54 #ShortPuts @0.45 Credit.
Going a little farther out and bringing the strike down $1. Still would take the stock, if assigned.
Sold $CAT 11/20 80 puts @ 1.85 with the stock at 122.16. Strike price would be at a 4 year low.
#FallingKnife
The ETF looks weak on the chart and if it breaks the 200 dma, it could drop a lot, so I bought the July 17, 95/85 bear put spread for 1.35
#SPX7dteLong Sold $SPX June 26th 3110/3090 put spreads for 13.70. Using the dip to sell put side, looking for a bounce tomorrow and Friday to sell the call side. Condors bought for 18.15 on Friday.
LK is up today-go figure
Sold $UVXY 8/21 55/65 bear call spread @ 1.33
BTC June 26, 50 puts at .01, Sold at 1.01
That is all for this week.
#ShortPuts – Added in a different account…
Sold SPY AUG 21 2020 250.0 Put @ 3.13
#ShortPuts – Starter position here. Thanks @jsd501 .
Sold TQQQ AUG 21 2020 50.0 Put @ 1.72
#ShortPuts – Well outside the expected move and below all the major moving averages.
Sold SPY AUG 21 2020 260.0 Put @ 3.43
#SPX1dte Bought to close $SPX June 24th 3055/3035 put spreads for 2.00. Condors sold for 1.40 yesterday. Expected-move stop was hit at 3084.
Bought 1 07/31/2020 60.0 Call / Sold 1 VXX 06/26/2020 36.50 Call @ 0.04 Credit.
This is similar to the spread I put on yesterday except that the long side call strike is 5 points lower.
My short calls and short puts for this week are now balanced out.
Fidelity calls these positions ” Short Calendar Iron Condor Spreads”
#SPX7dtelong Sold to close $SPX June 24th 3110/3090 put spreads for 6.90. Betting on a recovery by the close so I can sell the call 3120/3140 call spread at least partially ITM. Condors bought for 18.40 last Wednesday.
The coronavirus pandemic has hit the already-struggling sector particularly hard.
Some big names have gone bust recently, including Neiman Marcus , J.Crew, and J.C. Penney . Meanwhile, Amazon and other retailers with a large online presence are among the most-obvious winners of the coronavirus crisis.
The wave of bricks-and-mortar bankruptcies has some speculating that Amazon could be interested in scooping up a traditional retailer on the cheap, given its large cash hoard and willingness to take risk.
And it wouldn’t be the first time. Amazon bought Whole Foods Market back in 2017. That deal gave it a refrigerated distribution chain and positioning in attractive market areas.
A department-store acquisition could give Amazon a physical presence closer to more customers and relationships with large branded apparel companies.
Mylan’s Price-to-Earnings Ratio Is 3.7
It makes it the cheapest stock in the S & P 500 relative to its projected 2020 earnings.
Mylan is a large generic and off-patent drug company, and it is about to get much bigger. Later this summer, it is set to merge with Pfizer’s generic drug business, called Upjohn.
But investors are clearly pessimistic about the backdrop for generic drugs in the U.S., and don’t give Mylan shares much credit for its growing portfolio.
Other particularly cheap stocks in the S & P 500 include insurers Prudential Financial , MetLife , and Lincoln National . Old-school media companies ViacomCBS and Discovery also make the top 10.
I entered this order about 4:10pm EDT thinking it would be in for the open tomorrow, but it filled right away.
All good I guess.
It would be nice if the market would pull back for a few days,.
Bought to close 1 SPY 06/24/2020 300.0 Call / Sold 1 SPY 06/30/2020 301.0 Call @ 0.38 Credit Plus a point on the strike.
Rolled this to avoid assignment tomorrow night.
#SPX1dte Sold to Open $SPX June 24th 3035/3055-3205/3225 condors for 1.40, IV 22.2%, SPX 3139, deltas -.06, +.06.
#shortputs
$TQQQ STO 8/21 55 put at 1.80. Thank you @jsd501 for the idea
#ShortPuts – Still trying to talk this one down to help my DITM covered calls…
Sold ROKU JUL 10 2020 115.0 Put @ 2.20
According to Tasty Trade, 50% of the advance of the nasdaq is due to 5 stocks. That is making me very nervous.
BTC June 26, 45 puts at .01, sold at .85
I just need to buy the 50 puts and I am done for the week.
#ShortPuts – Not really to interested in this one so talking half in just a couple days…
Bought to Close WORK JUL 17 2020 29.0 Puts @ .48 (sold for .95)
#ShortPuts – Cleaning up some scraps during the insanity…
Bought to Close NVDA JUL 02 2020 315.0 Put @ .10 (sold for 5.51)
Bought to Close NVDA JUL 02 2020 325.0 Put @ .20 (sold for 3.06)
Bought to Close TQQQ JUL 02 2020 70.0 Put @ .23 (sold for 2.95)
TQQQ is over 100 but below it’s peak of 120 while QQQ set a new all-time high.
Contango drift is strong with this one
Since my short puts for Friday are under a bit of pressure as the market continues up I added one more call spread.
Bought 1 07/31/2020 65.0 Call / Sold 1 VXX 06/26/2020 36.50 Call @ 0.04 Credit.
If this works out by Friday, I’ll have another free “Black Swan” long call for the next month.
#ShortPuts – Need a pullback now…
Bought to Close ROKU JUN 26 2020 110.0 Put @ .05 (sold for 2.35)
Bought to Close TQQQ JUN 26 2020 72.5 Put @ .05 (sold for 2.55)
Bought to close $QCOM 7/17 80 puts @ .75. Sold for 2.15 on 6/15.
Sold WFC 06/26/2020 29.00 Calls @ 0.27
Sold WFC 06/26/2020 30.00 Calls @ 0.11
Stock at 27.70
BTC $AVGO 6/26/2020 280/290 #BuPS @0.18 debit. Was STO 6/19 @1.25. Quick in and out.
#callbutterfly TSLA #shortstrangles XLE
TSLA Bought a July 17, 980/1000/1000/1020 call butterfly for 1.17
XLE Sold 34/45 strangle for 1.92 #tastytradefollow
BTC June 26, 40 puts at .01, sold at .42
#ShortPuts – Booking it for safety. Just a quick in and out with the patent suit late last week…
Bought to Close BIIB JUN 26 2020 245.0 Put @ .30 (sold for 2.20)
#SPX7dteLong Bought to Open $SPX June 29th 3080/3100-3110/3130 Condors for 18.05, with SPX at 3108.
Expiring: June 22nd 3060/3080 call spreads for maximum 20.00. Condors bought last Monday for 18.35.
#SPX1dte Expiring: June 22nd 2960/2980-3195/3215 condors, sold Friday for 1.30
#shortstrangles
$PFE STO 6/26 32.5 put and 33.50 call at .55. Call is covered.
#coveredcalls
$NVTA STO 7/17 30 call at 1.50
#bups
$BYND STO 7/17 145/155 BUPS at 3.98
#shortstrangles
$SQ STO 6/26 107 call and 99 put at 2.65. Call is covered.
Bought to open 1 SPY 09/18/2020 333.0 Call / Sold 1 SPY 06/29/2020 309.00 Call @ 0.14 Credit.
Does anyone else think this market is ridiculously overbought?
The long is 88 DTE while the short is 7 DTE and could theoretically be rolled every other day after 6/29.
The stock is 309.76
STO August 21, 50 puts at 1.54, small trade and will add at lower strikes if we ever get a decline.
#ShortPuts – Almost all closing orders. 🙂 🙂 This thing is coming out of a nice squeeze so taking a starter to maybe talk it down a little…
Sold LABU JUL 10 2020 47.5 Puts @ 1.75
#ShortPuts – Unless we get some selling it’ll be mostly closing orders for awhile…
Bought to Close LABU JUN 26 2020 40.0 Puts @ .05 (sold for 2.00)
#shortputs UAL #coveredcalls MRO
UAL Sold July 17, 29 put for 1.16
MRO Bought 100 shares @6.26, sold July 17, 7 call for .30, debit of 5.96.
Sold $PINS 8/21 20 puts @ 1.10. Delta 23, IV rank 43.
Sold VXX 06/26/2020 32.0 Puts @ 0.43
Sold VXX 06/26/2020 32.5 Puts @ 0.58.
Re-writing against 2021 and 2022 long puts.
#longcallspread TSLA
Bought July 2, 1000/1010 call spread for 4.73. I’d like TSLA to go down 500 points.
Bought to open KSS 08/21/2020 32.50 Calls / Sold KSS 06/26/2020 23.00 Calls @ 0.15 Credit.
The stock is at 22.04
Sold SQQQ 06/26/2020 9.00 Covered Calls @ 0.15 replacing similar calls that expired Friday
#SPX1dte Sold to Open $SPX June 22nd 2960/2980-3195/3215 condors for 1.30
Expired: June 19th 2985/3005-3185/3205 condors, sold Thursday for 1.15
#SPX7dteLong Sold to close $SPX June 22nd put side for .20. Call side previously closed for 18.00. Condors bought for 18.40, so .20 loss.
Bought to Open $SPX June 26th 3090/3110-3120/3140 condors for 18.15.
Link to calendar: https://research.investors.com/economic-calendar/
#optionsexpiration
$NEO 25 puts
$T 28 puts
$CODX 15 puts
$SDGR 60 puts
$TQQQ 60 puts Thank you king of the TQQQ @jsd501
$HAL 11
$DDOG 65
$CCL 16 put
$SPY 280 Thank you @fuzzball
$SQ 88 puts
$SDGR 65 puts
$PFE call
$MRVL 35 call
$AMZN 2280/2300 BUPS
#assignment
$ROKU 120 calls
$ROKU 112 calls
$PLAN 40 calls
$DDOG 45 calls
$SDGR 55 calls
$MRVL 32.5 calls
STO $AVGO 280/290 Jun-26-2020 #BuPS @1.25 (Ex-Divy today)
Expiring:
OX $SPXL Jun-19-2020 45 #CoveredCalls – was STO @0.88. Stock closed at 42.13.
Assigned:
OA $OXY Jun-19-2020 $14.5 #CoveredCall – Stock is at ~19.70. Bought the shares at 15.32 in April, rolled calls a few times so my basis is 12.88- looked for a roll and couldn’t find a good one so letting it go – Of course, would have done better if I’d just held the stock and not sold the calls on it.
Bought to close WFC 06/19/2020 28.50 Covered Calls / Sold WFC 06/29/2020 28.50 Covered Calls @ 0.52 Credit.
Sold VXX 06/26/2020 32.0 Puts @ 0.40 at the close.
#DoubleDip
Bought to close 1 WBA 06/19/2020 41.50 Covered Call / Sold 1 WBA 06/29/2020 42.00 Covered Call @ 0.16 Credit plus an extra 0.50 on the strike for one more week.
Taking the full loss on $AMZN 6/19 2580/2600/2620 iron fly (20.00 less 14.92 in premium taken in including rolls = 5.08 loss). Reinitiating in July with 7/19 2530/2550//2860/2880 IC @ 8.04. Short strikes both at 24 delta.
It seems that Apple announcing they were reclosing some stores that they had reopened tanked the market.
Although it seems to be recovering, after VXX rallied 3 points off the low, I decided to roll way up for next week.
Bought to close VXX 06/19/2020 36.50 Calls / Sold VXX 06/26/2020 40.5 Calls @ 0.89 Credit plus 4 points on the short strike.
Bought to close VXX 06/19/2020 39.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.80 Credit plus 6 points on the short strike.
Bought to close VXX 06/19/2020 42.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.88 Credit plus 4 points on the short strike.
Taking a bearish position in small caps. Sold $IWM 7/17 150/155 bear call spread @ 1.29 with IWM at 140.39. IVR rank 61.
#bucs
$XLV STC 6/19 95/105 BUCS at 5.05. BTO at $6.00 on 5/11
STO July 31, 60 put at 1.90 for a starter position. This is my highest strike price so far.
In my IRA:
STO September 30 puts at .80
STO September 40 puts at 1.55
BTC 1 EWZ June 19: 31 short straddle @ $1.37 (originally sold for $2.14)
STO 1 EWZ June 26: 30 straddle @ $1.79
The short straddle is covered by a long EWZ Sep 18: 24 put / 30 call strangle.
#bucs
$VRTX STC 6/19 270/300 BUCS at 12.81. BTO at 14.60 on 5/12. Was badly underwater last week.
#bups
$MSFT BTC 6/19 165/175 BUPS at .40. STO at 1.10 on 6/8.
#coveredcalls
$TQQQ STO 6/26 110 call at .50. Sold against $67 LEAPS
#shortputs
$CODX BTC 6/19 16 put at .30. STO 5/26 at 2.14
Options Bistro 