#shortputspread #closing AAPL
Bought April 17, 220/230 put spread for .98 sold for 2.35 on April 2, thanks Ramie for the trade.
Category Archives: Uncategorized
#assignment UVXY I was assigned…
#assignment UVXY
I was assigned short 100 shares of IVXY from an April 17, 25/35 short call spread sold February 27 for 1.65. I sold the long call for 16.20-Yay. My cost basis is just under 43, UVXY is around 51.
XBI
#ShortPuts – Just to get these all in the same strike…
Rolled XBI APR 17 2020 70.0 Puts to XBI APR 17 2020 75.0 Puts @ .93 credit (4.50 avg credit now)
SPY
#ShortPuts – See if I can squeeze a little more out of these today. Short covered 251 and naked 257 calls so wouldn’t mind taking some downside heat.
Rolled SPY APR 06 2020 242.0 Puts to APR 06 2020 254.0 Puts @ .63 credit (1.83 total now)
And a couple weeks out:
Rolled SPY APR 17 2020 220.0 Put to APR 17 2020 240.0 Put @ 2.04 credit (5.94 total now)
CCL
#Earnings TOS is showing that $CCL reported during market hours today, .22 per share vs. 0.33 consensus.
#coveredcalls APA One more for…
#coveredcalls APA
One more for the road, bought 100 shares and sold an April 9, 5 call for 4.50, stock is at 5.34. Also bought an additional 100 shares.
Econ Calendar for week of 4/6/20
#FOMC minutes Wednesday afternoon.
Link to calendar: https://research.investors.com/economic-calendar/
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 6th 2290/2310-2605/2625 condors for 1.75, IV: 38%, SPX 2478, deltas -.05, +.07, OTM: -6.8%, +5.1%.
That’s the lowest IV I’ve sold since March 6th. Market down and so is VIX. We are getting complacent with big moves in the indices.
Expiring: Apr 3rd 2310/2330-2610/2630 condors, sold yesterday for 1.65.
#coveredcalls USO Bought 100 shares,…
#coveredcalls USO
Bought 100 shares, sold April 17, 7 call for 5.63, USO is at 5.90.
#coveredcalls NBL Bought 100 shares,…
#coveredcalls NBL
Bought 100 shares, sold April 15, 7.50 call for 6.10.
LABU
Bought to Close LABU APR 03 2020 21.0 Call @ .05 (sold for 1.05)
Sold LABU APR 09 2020 21.0 Call @ 1.05
TQQQ
#CoveredCalls – Re-load…
Bought to Close TQQQ APR 3 2020 50.0 Call @ .05 (sold for 2.55)
Sold TQQQ APR 9 2020 47.0 Call @ 1.36
SPY
#ShortPuts #ShortCalls #CoveredCalls – Booked today and sold again for Monday…
Bought to Close SPY APR 3 2020 255.0 Call @ .08 (sold for 2.15)
Bought to Close SPY APR 3 2020 256.0 Calls @ .05 (sold for 1.50)
Bought to Close SPY APR 3 2020 237.0 Puts @ .05 (sold for 1.60)
Sold SPY APR 6 2020 251.0 Call @ 2.15
Sold SPY APR 6 2020 257.0 Calls @ 1.20
Sold SPY APR 6 2020 242.0 Puts @ 1.20
#rolling #coveredcalls #shortputs SLB FEYE…
#rolling #coveredcalls #shortputs SLB FEYE HAL CCL SVXY
SLB rolled April 3, 13 covered call to April 9 for .43
HAL rolled April 3, 7 call to April 9 for .35
FEYE rolled April 3, 10.50 put to April 17 for .10
CCL bought May 15, 20 call for .13, sold on March 31 for 1.09
SVXY bought 5 more shares @ 30.66, giving me 60 shares at a basis of 32.76
APA NBL
BTO NBL May 15 5/7.5 Calls $1.12
BTO APA May 15 5/7.5 Calls $0.70
March Jobs Report
#Jobs — bigger loss than expected.
First monthly loss since Sept 2010.
Loss of 701,000 non-farm payroll jobs, vs. expected 10K loss
Unemployment at 4.4%, up by 1.1%
U6 unemployment at 8.7%, up by 1.7%
Wages up 0.4%; up from +0.3% last month
Labor force participation 62.7%, down by 0.7, lowest since Aug 2018
February revised down from +273K to +214K
January revised up from +273K to +275K
SPX 1-dte
#SPX1dte Sold to Open $SPX April 3rd 2310/2330-2610/2630 condors for 1.60, IV 54%, SPX 2482, deltas: -.06, +.06. Taking it early since I have to head out.
TQQQ
BTC April 9, 70 call at .01, Sold last week at .37
The bad news is that I will be assigned tomorrow at the 55 strike.
AAPL put spread
Sold $AAPL 4/17 230/220 bull put spread @ 2.33
TQQQ
BTC April 3, 65 calls at .01, sold at .40 cents. They would probably expire at zero but for a penny, I will take the risk off every time and it frees up margin.
TQQQ
BTC April 3, 70 calls at .01, sold at .40 cents last week.
LK
They have accounting problems and the stock is down from 26.20 to 4.15
Another dismal record
6.64 million in weekly jobless claims, doubling last week’s record.
Previous record was set in October 1982 at 695,000.
SPY
#ShortPuts – Sold these planning on a SPX down 100 day. Didn’t see a 115 selloff coming so I’ll roll to Friday to try again…
Rolled SPY APR 01 2020 247.0 Puts to APR 03 2020 237.0 Puts @ .80 credit (1.60 total now)
SPXpire
#SPX1dte Expiring: $SPX April 1st 2380/2400-2735/2755 condors, sold yesterday for 1.05.
#spx coming up on circuit…
#spx
coming up on circuit breaker 4.20% right now @11.39 AM CST
SPY
#CoveredCalls – Finally after about 4 rolls…
Bought to Close SPY APR 01 2020 257.0 Call @ .10 (sold for 5.15)
Sold SPY APR 03 2020 255.0 Call @ 2.15
PTON Short Put
#ShortPuts
STO 15May 20 Put @. 1.35
#shortstrangles BA Sold May 17,…
Sold May 17, 60/220 strangle for 3.52
#tastytradefollow
WBA earnings analysis
#Earnings $WBA reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 8, 2020 BO -5.83%
Oct. 28, 2019 BO +0.68%
June 27, 2019 BO +4.08% Biggest UP
April 2, 2019 BO -12.80% Biggest DOWN
Dec. 20, 2018 BO -5.02%
Oct. 11, 2018 BO -1.94%
June 28, 2018 BO -9.90%
March 28, 2018 BO +2.47%
Jan. 4, 2018 BO -5.17%
Oct. 25, 2017 BO +3.07%
June 29, 2017 BO +1.66%
April 5, 2017 BO -1.61%
Avg (+ or -) 4.52%
Bias -2.53%, negative bias on earnings.
With stock at 44.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 40.21 to 48.79
Based on AVERAGE one-day move over last 12 quarters: 42.49 to 46.51
Based on MAXIMUM one-day move over last 12 Q’s (12.8%): 38.80 to 50.20
Based on UP max only (+4.1%): 46.32
Open to requests for other symbols.
HYG
BTO May 15 76/74 Puts 0.75
SPY
#ShortPuts – Throwing a couple of these out there in a different account…
Sold SPY APR 17 2020 220.0 Puts @ 3.90
SPY
#CoveredCalls #ShortPuts – Down to the wire today at 257 strike on both sides. Leaning a little bearish for tomorrow now.
Rolled SPY MAR 31 2020 257.0 Call to APR 01 2020 257.0 Call @ 2.50 credit (5.15 total now)
Bought to Close SPY MAR 31 2020 257.0 Puts @ .40 (sold for 2.15)
Sold SPY APR 01 2020 247.0 Puts @ .80 (safer strike so bigger size)
SPX 1-dte
#SPX1dte Sold $SPX Apr 1st 2380/2400-2735/2755 condors for 1.05, IV 54%, SPX 2581, deltas -.06, +.03.
I forgot about the quarterly expiration… could have done a trade yesterday!
TQQQ
BTC April 3, 70 calls at .01, sold at .40 cents last Friday.
#coveredcalls UBER Sold April 17,…
#coveredcalls UBER AA
UBER Sold April 17, 29 call for 1.65, stock just under 28.
AA Bought April 17, 6 covered call for 5.50. stock at 6.16
TRADES: Not Timely
RAD STO 4/3/20 16.0 CALLS @.40
STNE STO 4/3/20 24.0 CALLS @.80
TLRY STO 4/3/20 8.0 CALLS @.55
UBER STO 4/3/20 29.0 CALLS @.50
#ironcondor #jadelizard QQQ Sold April…
Sold April 17, 167/177/205/207 for 2.04
#tastytradefollow
#coveredcalls #shortstrangles HAL CCL Following…
#coveredcalls #shortstrangles HAL CCL
Following Iceman, bought HAL April 3, 7 covered call for 6.53, also added an additional 100 shares
CCL #tastytradefollow sold April 17, 7.5/20 strangle for 2.17
Rolling TQQQ
Rolled $TQQQ 4/17 65 puts out to 5/15 65 puts @ 1.70 credit. Still a ways to go but getting closer and buying some time and a little more credit.
#fallingknife AMRN Over the past…
#fallingknife AMRN
Over the past year or so, I have done consistently well selling puts and covered calls on AMRN. I’m long 2000 at a cost basis of 12.10
Its down 69% this morning due to a Nevada judge ruling against its patent!
Xanax anyone?!?!?!
SPY
#ShortPuts – Feels like we’re right up to resistance so booking this one a little early. Might get a chance to sell it again later this week.
Bought to Close SPY APR 17 2020 225.0 Put @ 3.25 (sold for 8.62)
SPY
#ShortPuts #CoveredCalls – A good day in this one. Trying again tomorrow a couple strikes higher after the call roll.
Rolled SPY MAR 30 2020 255.0 Call to MAR 31 2020 257.0 Call @ .20 credit
Bought to Close SPY MAR 30 2020 255.0 Puts @ .10 (sold for 2.25)
Sold SPY MAR 31 2020 257.0 Puts @ 2.15
GLD iron condor
Sold $GLD May 15 138/143/163/168 iron condor for 1.66
SPY TQQQ Sell Calls / MSFT Sell Put / ZM Ends
#coveredcalls
$SPY STO 3/30 262 call at .79
$TQQQ STO 4/3 53 call at 1.85. Covered by Long LEAPS (Wish I could still leap long);-)
#shortputs
$MSFT STO 4/3 150 put at 2.45
#coveredcalls
$ZM BTC 4/3 133 call at 25.42. STO at 11.90. This was culmination of rolling this covered call since 10/18. Ended up with a 45 per share gain. I’d give it up if covid-19 would go away. But thanks to all who taught me to roll with the crunches. Appreciate you all very much
#coveredcalls #shortputs #shortstraddle SLB Following…
#coveredcalls #shortputs #shortstraddle SLB NUGT
SLB Following Iceman, bought April 3, 13 covered call for 12.32, added an April 3, 13 short put for .68
NUGT Bought April 3, 8 covered call for 7.23
#vxxgame SVXY Following Jeff from…
#vxxgame SVXY
Following Jeff from last week, bought Jan. 2021, 35 call for 3.85.
“Cyber Surprise!”
After at least a year my Safari OB post window reopened!? Jeff suggested using Google browser which is now running in the background, who knows how this happened? Anyhow good to be back.
ABT announced FDA approval to release coronavirus 5 min test instrument after Friday’s close. Opened up 11% today. No trade placed, could do cc or call vertical. Divy .36/sh/qtr
XOP 4:1 reverse split on account shares trading under $10, BTC 24Apr 6 put @ .55, STO Mar 27 @ .29. Will look open new trade tomorrow when options reset.
#shortputs CAR Sold April 17,…
#shortputs CAR
Sold April 17, 8 put for .74 in Avis
SPY
#ShortPuts #CoveredCalls – Short a 255 covered call so going across the aisle and selling the other side. All for today…
Sold SPY MAR 30 2020 255.0 Puts @ 2.25
Direxion Expedites the Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds | Direxion
SPXpire
#SPX1dte Expiring: $SPX March 27th 2380/2400-2760/2780 condors, sold yesterday for 1.80.
I tried a couple different SPX1dte orders for Monday but didn’t get filled and didn’t want to chase for reduced premium. IV on the Monday expiration was only 49% at the close, which is much lower than what we’ve been seeing in this correction.
TQQQ adding
#LongLEAPs BTO $TQQQ Jan 2021 85 calls for 1.90, adding to the 90-strike calls previously purchased.
TNA
#ShortPuts – Sold TNA APR 03 2020 16.0 Put @ 2.00
SPY
#ShortPuts – Another one that went green quickly enough to take off same day. Getting rid of weekend risk…
Bought to Close SPY MAR 30 2020 245.0 Put @ 1.30 (sold for 3.45)
Bought to Close SPY MAR 30 2020 240.0 Puts @ .70 (sold for 2.25)
Econ Calendar for week of 3/30/20
#Jobs report on Friday… should be a doozy!
Link to calendar: https://research.investors.com/economic-calendar/
Adding to SVXY
#VXXgame BTO $SVXY Jan 2021 35 calls for 3.90, adding to position started yesterday.
TICK extremes
Not that it’s too significant, but this morning gave us the lowest $TICK reading (NYSE on TOS) on record (-1741), which goes back to March 2009. And Tuesday was the second highest on record (+1687).
AAPL put spread
Sold $AAPL 4/17 220/210 bull put spread @ 1.83. Short puts at 22 delta.
#shortputs SPY Sold April 8,…
#shortputs SPY
Sold April 8, 210 put for 2.41.
SPY
#CoveredCalls #ShortPuts – Rolling, closing, and selling.
Bought to Close SPY MAR 27 2020 242.5 Puts @ .65 (sold for a scalp @ 1.05)
Using that buying power to sell Monday:
Sold SPY MAR 30 2020 245.0 Put @ 3.45
Sold SPY MAR 30 2020 240.0 Puts @ 2.25
Rolling covered call…thank you for the pullback!
Rolled SPY MAR 27 2020 250.0 Call to MAR 30 2020 255.0 Call @ .30 credit (2.45 total now)
SVXY long
#VXXGame Bought to Open $SVXY Jan 2021 35 calls for 4.65. Considering this was in the high 60’s just last month, I figure this has good chance of profiting. I will scale into more when the market retests the lows.
SPX 1-dte
#SPX1dte Sold $SPX March 27th 2380/2400-2760/2780 condors for 1.80. IV: 66%, SPX 2592, deltas: -.06, +.06, OTM -7.4%, +6.5%
TRADES: Not timely.
APRN STO 4/17/20 13.0 CALL (cutting it close), @2.05. Hold others in the upper teens.
AAL STC STOCK @16.61
AAL BTO STOCK @16.00 A reverse day trade. Sold stock that was covering options when it ran this morning, and bought it back when it came down some.
SPY
#ShortPuts – A little safer than the previous sales. Going for a one day scalp…
Sold SPY MAR 27 2020 242.5 Puts @ 1.05
SPY
#ShortPuts – Can’t let these profits get away on an up day like this. Looking to sell Monday on any weakness.
Bought to Close SPY MAR 27 2020 245 Put @ 1.25 (sold for 3.52)
Bought to Close SPY MAR 27 2020 247.5 Put @ 1.75 (sold for 4.50)
Bought to Close SPY MAR 27 2020 250.0 Put @ 2.30 (sold for 5.00)
#jadelizard AAL Sold May 15,…
#jadelizard AAL #calendar SPY
AAL Sold May 15, short 16 call/long 21 call/short 16 put for 5.25
SPY bought April 1/April 8 217 put calendar for 1.62
#tastytradefollow
XBI
#ShortPuts – Rolling up again for more credit. Wasn’t long ago I wanted it at 80 so 70 looks pretty good. LOL Partial so far…
Rolled XBI APR 17 2020 65.0 Puts to APR 17 2020 70.0 Puts @ .95 credit (3.50 total now)
Just for fun rolling the last one up to 75 strike….
Rolled XBI APR 17 2020 65.0 Put to APR 17 2020 75.0 Put @ 2.35 credit (4.90 total now)
SPCE
#CoveredCalls – A little debit and a little credit just to get them all in the same strike.
Rolled SPCE MAR 27 2020 12.5 Calls to APR 9 2020 14.0 Calls @ .20 debit
Rolled SPCE MAR 27 2020 13.5 Calls to APR 9 2020 14.0 Calls @ .75 credit
TSLA
#CoveredCalls – Rolling and staying prior to earnings…
Rolled TSLA MAR 27 2020 450.0 Call to APR 09 2020 475.0 Call @ 1.84 credit
SPY
#ShortPuts – Frustrating open with the pre market rally. Selling these anyway for tomorrow hoping to get some stock back. Short a 250.0 call so wouldn’t mind these taking heat.
Sold SPY MAR 27 2020 245 Put @ 3.52
Sold SPY MAR 27 2020 247.5 Put @ 4.50
Sold SPY MAR 27 2020 250.0 Put @ 5.00
Jobless claims soar to record high
3.28 million in weekly jobless claims, almost FIVE times previous record
Previous record was set in October 1982 at 695,000.
SPY Expiration
#OptionsExpiration – Almost all stock called away at 230 with about a 217.50 basis. Fresh box of ammo for tomorrow now.
SPXpire
#SPX1dte Expiring: $SPX March 24th 2210/2230-2655/2675 condors, sold yesterday for 1.80.
So much for today’s rally?
Stocks tumble into the close after Bernie Sanders threatens to put a hold on the coronavirus stimulus bill; Nasdaq turns negative and Dow up only 480 points after surging 1,300 earlier https://t.co/kumM5Z3mLD pic.twitter.com/tw7O9qsyCw
— CNBC Now (@CNBCnow) March 25, 2020
Options Bistro 