Rolled $WORK Jun 12 34 #CoveredCalls // Jun-19-2020 32 @0.65 Credit. Basis now $27.22.
Category Archives: Uncategorized
LULU
VXX Diagonal Call Rollups
Bought to close 1 VXX 06/12/2020 37.0 Call / Sold 1 06/19/2020 42.0 Call @ 0.09 Credit + a big 5.0 point bump in the strike price for next week with the stock at 38.48.
Edit: with the stock at 41.02 added this –
Bought to close VXX 06/12/2020 36.0 Calls / Sold 06/19/2020 39.0 Call @ 0.05 Credit + a 3.0 point bump in the strike price.
Edit2: with the stock at 41.76 added this –
Bought to close VXX 06/12/2020 35.0 Calls / Sold 06/19/2020 36.50 Call @ 0.05 Credit + 1.5 point bump in the strike price. (rolls are getting worse as the day goes on).
ADS Covered Call Rollup
Bought to close ADS 06/12/2020 49.0 Covered Calls / Sold ADS 06/19/2020 52.0 Covered Calls @ 0.05 Credit plus an additional 3.00 points on the strike price for one more week.
WBA OXY Covered Calls
Late fills
Bought to close WBA 06/12/2020 41.0 Covered Call / Sold WBA 06/19/2020 41.50 Covered Call @ 0.31 Credit plus an additional 0.50 on the strike price.
Bought to close OXY 06/12/2020 17.0 Covered Calls / Sold OXY 06/19/2020 17.50 Covered Call @ 0.52 Credit plus an additional 0.50 on the strike price for one more week.
SPX (no) trades
#SPX7dteLong Missed my chance for small profit yesterday and instead sold to close $SPX June 12th 3200/3220 call spreads this morning for 1.20. Bought for 9.30 last Friday. As I commented then, throwing in the towel on the relentless bull run probably would mark the top.
I am skipping the #SPX1dte for tomorrow. Premium is not high enough for the risk.
VXX Puts
Bought to close 50% of my VXX 06/12/2020 30.5 Puts @ 0.01.
Sold these last week at an average cost of 2.17.
Now it looks like I’ll have to roll all my short calls instead.
TQQQ
STO July 10, 45 puts at .60 cents, small trade though.
LULU earnings analysis
#Earnings $LULU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 26, 2020 AC -5.95%
Dec. 11, 2019 AC -3.73%
Sept. 5, 2019 AC +7.81%
June 12, 2019 AC +2.12%
March 27, 2019 AC +14.12%
Dec. 6, 2018 AC -13.36% Biggest DOWN
Aug. 30, 2018 AC +13.08%
May 31, 2018 AC +16.31% Biggest UP
March 27, 2018 AC +9.21%
Dec. 6, 2017 AC +6.42%
Aug. 31, 2017 AC +7.19%
June 1, 2017 AC +11.54%
Avg (+ or -) 9.24%
Bias 5.40%, strong positive bias on earnings.
With stock at 311.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 288.00 to 334.00 (+/- 7.4%)
Based on AVERAGE one-day move over last 12 quarters: 282.27 to 339.73
Based on MAXIMUM one-day move over last 12 Q’s (16.3%): 260.28 to 361.72
Based on DOWN max only (-13.4%): 269.45
Open to requests for other symbols.
WHR long term
Sold $WHR 12/18 60 puts @ 1.75 with the stock at 127.12.
#FallingKnife
VXX new diagonal Call spread
Bought to open 1 VXX 09/18/2020 80.0 Call / Sold 1 VXX 06/12/2020 36.0 Call @ 0.14 Credit.
If this market flattens out after this 1300 point drop in the DJIA I should have a free September long position.
If the market continues to fall, I’ll roll the short up and out a week.
WFC rollups
Bought to close 1 WFC 06/12/2020 27.0 Covered Call / Sold 1 WFC 06/19/2020 27.50 Covered Call @ 0.34 Credit plus a 0.50 higher strike price.
Bought to close WFC 06/12/2020 27.5 Covered Calls / Sold WFC 06/19/2020 28.50 Covered Calls @ 0.20 Credit plus a 1.00 higher strike price.
ADS Rollup
Bought to close 1 ADS 06/12/2020 46.0 Covered Call / Sold 1 ADS 06/19/2020 47.0 Covered Call @ 0.90 Credit plus a one point higher strike price.
Hard to believe this stock was above 66 on Monday
TQQQ
In my IRA, STO September 40 puts at 1.70
UAL roll
From $UAL 6/19 40/60 short strangle, rolled the 60 calls down to 42 calls (21 delta) for .70 credit. Total premium now 3.23 so breakeven on the downside is 36.77. Stock currently trading around 35.
CINF early roll
Bought to close CINF 06/19/2020 60.0 Covered Calls / Sold 07/17/2020 60.0 Covered Calls @ 1.90 Credit.
LULU Earnings
#Earnings #JadeLizards – Going with the Lizard for next week. Playing it to the downside as usual. Breakeven at about twice the expected move with no upside risk.
Sold LULU JUN 19 2020 285.0/310.0/315.0 Jade Lizard @ 6.00
XLE XLF
2 Back Ratio’s STC today
XLE -47 Call/+2 49.21 STC .01 Bought 6-8 for 0.15 Cr Net 9.00
XLF -26 Put / + 2- 25 Puts STC 0.35 Cr Bought 6-9 0.06 Cr Net 37.00
SPY
#ShortPuts – Gradually easing back in…
Sold SPY JUL 17 2020 275.0 Put @ 2.85
Sold SPY JUL 17 2020 280.0 Put @ 3.35
UAL
STC 44/42 Jun 19 Put spread $1.79 Bought 6-5 for 1.05
TQQQ
BTC June 19, 35 puts at .01, sold at 2.04
SLB Rollup
Bought to close SLB 06/12/2020 19.00 Calls / Sold SLB 06/19/2020 19.50 Calls @ 0.20 Credit plus 0.50 higher strike.
SPY Ladder Roll – a day early
Bought to close SPY 06/12/2020 299.0 Call / Sold SPY 06/19/2020 300.0 Call @ 0.38 Credit to avoid assignment on tomorrow’s short call.
The initial spike down allowed me to bump the short strike a point too.
Edit: I was way too early. SPY dropped another 7 points after the opening gap down.
Oh well. I’ll make it up next week with 3 expiration dates.
ADBE earnings analysis
#Earnings $ADBE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 12, 2020 AC +17.71% Biggest UP
Dec. 12, 2019 AC +3.91%
Sept. 17, 2019 AC -1.74%
June 18, 2019 AC +5.21%
March 14, 2019 AC -3.95%
Dec. 13, 2018 AC -7.28% Buggest DOWN
Sept. 13, 2018 AC +2.29%
June 14, 2018 AC -2.43%
March 15, 2018 AC +3.05%
Dec. 14, 2017 AC +1.43%
Sept. 19, 2017 AC -4.24%
June 20, 2017 AC +2.36%
Avg (+ or -) 4.63%
Bias 1.36%, positive bias on earnings.
With stock at 400.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 382.20 to 417.80 (+/- 4.5%)
Based on AVERAGE one-day move over last 12 quarters: 381.47 to 418.53
Based on MAXIMUM one-day move over last 12 Q’s (17.7%): 329.16 to 470.84
Based on DOWN max only (-7.3%): 370.88
Open to requests for other symbols.
TQQQ
STO July 24, 50 puts at .70 cents. Starting small but will add on higher premiums.
SPX trades
#SPX7dteLong Bought to Open $SPX June 17th 3180/3200-3210/3230 condors for 17.35, with SPX at 3207.
Expiring: June 10th 3100/3120-3130/3150 condors, max profit of 20.00 on call side. Bought for 17.10 last Wednesday.
#SPX1dte Expiring: June 10th 3100/3120-3285/3305 condors, sold yesterday for 1.10.
WFC diagonal rollup
Bought to close WFC 06/12/2020 28.0 Calls / Sold WFC 06/16/2020 28.50 Calls @ 0.02 Credit but a 0.50 higher strike.
Bank stocks are not thrilled with sustained low interest rate forecasts by the Fed through 2022
#shortstrangles DKNG Sold July 17,…
AAL early assignment
One of my AAL 06/12/2020 12.0 Covered Calls was assigned.
Bought stock on 04/03 @ 9.86 with weekly writes since then.
TRADES:
NNDM BTO STOCK @2.56 ;>)
BE STO 6/19/20 11.0 PUTS @1.15
TRADES:
:
BE BTO STOCK @9.66 This morning.
BE STO 6/19/20 9.0 CALL @.85 ” ”
OSTK STO 6/12/20 25.0 CALLS @1.05
OSTK
Rolled $OSTK Jun-12-2020 23.5 #coveredcalls // Jun-26-2020 @0.05 Credit for a better strike.
TQQQ
In my IRA, BTC June 19, 35 puts at .01, sold at 2.26
SPY
#ShortPuts – Come and get it Mr. Market…
Sold SPY JUL 17 2020 285.0 Put @ 2.80
BE
STO June 19, 9 puts at .50 cents. Idea from SMM.
TSLA
Now over 1000
WTF!!
Rolling AMZN
With the stock completely shooting through the call spread side, I rolled up put spread side of my iron condor. Rolled $AMZN 6/19 2300/2280 up to 2600/2580 bull put spread for 6.82 credit to create an iron butterfly with the 2600/2620 bear call spread. After 2 rolls of the put spread total premium for the position is now 14.92 against 20 point wide wings. If the stock stays above 1620 (or goes below 2580) I will take the max loss of what is now 5.08. If it comes back near 1600 I’ll try to get out for even or possibly a profit.
VXX diagonals
Sold VXX 06/12/2020 36.0 Calls @ 0.33 and Sold VXX 06/12/2020 37.0 Calls @ 0.26 to write against my remaining long VXX calls.
Now hoping the stock stays above 31 and below 34 on Friday’s close.
(I’m not asking for much 🙂 )
VIAC early roll
Bought to close VIAC 06/12/2020 22.00 Calls / Sold VIAC 06/19/2020 22.00 Calls @ 0.15 Credit.
I guess I’ll have to wait for a bigger pullback to roll this up.
SPY Ladder Roll
Bought to close SPY 06/10/2020 300.0 Call / Sold SPY 06/17/2020 300.0 Call @ 0.52 Credit to avoid assignment on today’s short call.
Bought to close SPY 06/10/2020 304.0 Call / Sold SPY 06/17/2020 305.0 Call @ 0.08 Credit Plus a one point higher strike to avoid assignment on today’s short call.
CINF early rolls
Bought to close 1 CINF 06/19/2020 55.0 Covered Call / Sold 1 07/17/2020 55.0 Covered Call @ 0.60 Credit.
Bought to close 1 CINF 06/19/2020 60.0 Covered Call / Sold 1 07/17/2020 60.0 Covered Call @ 1.30 Credit.
The stock is ex-dividend for 0.60 on 06/16 and I want to keep the dividend. The June options would likely be assigned before expiration.
AMD
STO $AMD Jun 19 55 #shortputs @0.86.
Holding $AMD Jun 12 51 #shortputs, intending to let them expire on Friday.
SPX 1-dte
#SPX1dte Sold to Open $SPX June 10th 3100/3120-3285/3305 condors for 1.10, IV: 22.25%, SPX 3209, deltas -.06, +.05.
COST
#ShortPuts – Out all week but doing what I can. Thanks @Ramie!
Sold COST JUL 17 2020 290.0 Put @ 3.20
SPCE Close Put
#shortputs
$SPCE BTC 6/19 13 put at .10. STO at .95 on 5/19. Thank you @honkhonk
#coveredcalls M Sold 100 shares…
Sold 100 shares @ 9.01, sold June 12, 9.50 call for a debit of 8.70
#shortputs CCL Sold June 19,…
#shortputs CCL
Sold June 19, 21 put for 1.20, CCL is around 23.30, down about 1.30
#cost SOLD VERTICAL COST 19…
#cost
SOLD VERTICAL COST 19 JUN 20 295/292.5 PUT @.30
#xlf SOLD XLF 19 JUN…
SOLD XLF 19 JUN 20 25.5 PUT @.45
#bac SOLD BAC 2 JUL…
#bac
SOLD BAC 2 JUL 20 25 PUT @.39
#aal SOLD AAL 100 12…
SOLD AAL 100 12 JUN 20 15.5 PUT @.27
#shortputs AAL Sold July 17,…
#shortputs AAL
Sold July 17, 13 put for 1.13
another #tastytradefollow
CINF early roll
Bought to close 1 CINF 06/19/2020 60.0 Covered Call / Sold 1 07/17/2020 60.0 Covered Call @ 0.90 Credit.
The stock is also ex-dividend for 0.60 on 06/16 and I want to keep the dividend. The June option would likely be assigned before expiration.
VXX
Sold VXX 06/12/2020 34.0 Calls @ 0.41 and Sold VXX 06/12/2020 35.0 Calls @ 0.31 to add to my sales from yesterday.
#DoubleDip
MSFT
STO July 17, 175 puts at 2.55
Closing LULU
Bought to close $LULU 6/19 320/330 bear call spread @ 3.69. Sold for 3.05 on 6/1. Taking advantage of the down move to get out for a small loss (relative to where it was a couple of days ago). If earnings weren’t this week I’d probably hold it closer to expiration but I’ll look to possibly put on a separate earnings trade Thursday, or something after earnings if there’s a big move.
#ironcondor BABA Sold July 17,…
T DFEN Puts
#shortputs
$STO 7/17 30 put at .50
$DFEN STO 6/19 19 put at 1.15
TQQQ
BTC June 12, 45 puts at .01
BTC June 12, 50 puts at .01
That is it for this week.
SPY Ladder Roll
Bought to close SPY 06/08/2020 300.0 Call / Sold SPY 06/15/2020 300.0 Call @ 0.25 Credit to avoid assignment on today’s short call.
#SPYLadder
SQQQ
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.0 Covered Call @ 8.32 Debit
– stock bought @ 8.48
NUGT ROKU UVXY VXX Calls / HAL Close Puts / HAL WORK Puts / MSFT BUPS
#coveredcalls
$NUGT STO 6/12 65 calls at 1.70
$ROKU STO 6/12 114 calls at 2.20 and 6/12 112 calls at 1.30. Latter was opened pre golf pre market.
$UVXY STO 6/12 30 calls at 1.00 Shares were assigned to me this morning.
$VXX STO 6/12 32.5 calls at .27. Thank you @iceman
#shortputs
$HAL BTC 6/19 10 put at .02
$HAL STO 7/17 15 put at .88
$WORK STO 7/17 30 put at 2.05
#bups
$MSFT STO 7/10 167.5/177.5 BUPS at 1.36
$MSFT STO 6/19 165/175 BUPS at 1.10. Meant to close the position that was opened 5/6. Will close both tomorrow. Don’t trade after a morning of golf in the sun.
A TRADE:
AAL 6/12/20 23.5/17.0 #STRANGLE @.92
A TRADE:
NCLH STO 6/12/20 28.0 CALLS @1.10
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 15th 3195/3215-3225/3245 condors for 17.00, with SPX at 3219.
TRADES:
NCLH BTO STOCK @25.16
AAL STO 6/12/20 18.0 PUTS @.78
AAL STO 6/19/20 16.0PUTS @.80
SQQQ
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.0 Covered Call @ 8.37 Debit – stock 8.53
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.5 Covered Call @ 8.37 Debit – stock 8.49
Day’s Range $8.43 – $8.82
TRADES:
AAL STO 6/12/20 18.0 PUTS @.78
AAK STI 6/19/20 16.0 PUTS @.80
UAL strangle
Sold $UAL 6/19 40/60 strangle @ 2.53
#aal sto AAL 12 JUN…
#aal sto AAL 12 JUN 20 15.5 PUT @.26
A TRADE;
NCLH STO 6/12/20 28.0 CALLS @1.10
COST short put
Sold $COST 7/17 295 put @ 4.15. Cost basis 290.85 if assigned.
TRADES:
DAL BTO STOCK @35.90
DAL STO 6//12/20 38.0 CALLS @1.06
VIX
Interesting VIX up and so is market?????
A TRADE:
AAL STO 6/12/20 22.0 CALLS @.98
Options Bistro 