#ShortPuts – Back in…new position. Outside the expected move and near multi month lows.
Sold ROKU SEP 17 2021 325.0 Put @ 4.40
Recent Updates Page 137
BYND post earnings
#ShortPuts – Took the quick scalp.
Bought to Close BYND SEP 17 2021 95.0 Puts @ .80 (sold for 1.20)
HOOD Sep
Sold Sep 17 40/30 bull put spread @ 3.05 with the stock at 53.63
OLED post earnings
#ShortPuts – Had this one sitting out there. Didn’t think it would fill. Selling the expected move with the stock already down 25 points.
Sold OLED SEP 17 2021 185.0 Put @ 3.00
LAZR
#CoveredCalls – Earnings next week. Covering early.
Bought to Close LAZR AUG 6 2021 19.0 Calls @ .01 (sold for .47)
Sold LAZR AUG 13 2021 19.0 Calls @ .50
BYND calendar
Trying a @Hawk trade.
Bought Aug 6/Aug 13 122 put calendar @ 2.23. Will be closed before end of day today.
AMC COIN Rolls
Rolled AMC 08/06/2021 31.0 Diagonal Calls to AMC 08/13/2021 34.0 Calls @ 0.27 Credit Plus a 3 point improvement in the strike
Rolled COIN 08/06/2021 245.0 Diagonal Call to COIN 08/13/2021 255.0 Call @ 2.01 Credit Plus a 10 point improvement in the strike
Rolled COIN 08/06/2021 247.5 Diagonal Call to COIN 08/13/2021 267.5 Call @ 0.10 Credit Plus a 20 point improvement in the strike
BYND earnings and post earnings
#JadeLizards #ShortPuts – Closing and opening.
Bought to Close BYND AUG 6 2021 110/120/123 Jade Lizards @ 1.00 (sold for 3.07)
Sold BYND SEP 17 2021 95.0 Puts @ 1.20
July Jobs report
#Jobs — July was another strong month, beating expectations
Gain of +943,000 non-farm payroll jobs, vs. expected gain of 845K.
Unemployment at 5.4%, down by 0.5
U6 unemployment at 9.2%, down by 0.6
Labor force participation 61.7%, up by 0.1
Wages up 0.4% for the month
June jobs revised up by +88K to +938K
May jobs revised up by +31K to +614K
BYND earnings
#JadeLizards – Just for fun. Playing for the expected move to the downside. No upside risk.
Sold BYND AUG 6 2021 110/120/123 Jade Lizards @ 3.07
SPX trades
#SPX7dteLong Bought to Open $SPX Aug 11th 4395/4415-4425/4445 condors for 15.05, with SPX ar 4419.
COUP
#BullPutSpreads – Seems to be trying to build a base. Taking a directional shot a couple weeks prior to earnings. Limited risk and still have the high IV of earnings to adjust into if needed.
Sold COUP AUG 27 2021 240.0/220.0 Bull Put Spread @ 14.25
SOXL
#ShortPuts – Adding. Come and get it. 🙂 🙂
Sold SOXL SEP 17 2021 41.0 Puts @ 2.30
ROKU post earnings
#ShortPuts – Taking half in a couple hours.
Bought to Close ROKU AUG 27 2021 330.0 Put @ 1.60 (sold for 3.60)
Bought to Close ROKU SEP 17 2021 325.0 Put @ 3.55 (sold for 6.30)
ROKU,
STO September 17, 325 put at 3.80, following Fuzzball.
LABU Put Roll / SPCE Put Close
#shortputs
$LABU BTC 8/6 62 put and STO 8/13 61 put at added credit of .45. Taken in $5.90 so far.
$LABU BTC 8/6 63 put and STO 8/13 61 put at even. Taken in $5.90 so far on this as well.
$SPCE BTC 8/6 31.5 put at 1.00. STO at 2,30. Thank you @fuzzballl
COIN long call closed
Sold to close 1 COIN Aug 13 2021 300.0 Call at $1.75.
This was an extra long position left over from an old diagonal spread from 2 weeks ago.
I’m fairly certain this would have expired next Friday.
I may try a new spread witb this as tbe short side.
AMC Puts
Sold AMC 08/13/2021 20.0 Puts @ $0.52.
Balancing out some short calls.
BAX FMC
Two #SP500 stocks hitting new yearly lows.
Bought a small bit of BAX at $84 and FMC at $95.
#FallingKnife
VXX Puts
Sold VXX Aug 13 2021 28.0 Diagonal Puts at $0.37.
My short Puts and short calls are now balanced out, at least until tomorrow’s expiration
ROKU post earnings
#ShortPuts – One in each account. Both at the expected move and below the 200 day.
Sold ROKU AUG 27 2021 330.0 Put @ 3.60
Sold ROKU SEP 17 2021 325.0 Put @ 6.30
HOOD
Weekly options now available up to 76
Monthly options now go to 170.
#spx #T Right at closing…
COIN
Sold 1 COIN Aug 06 2021 247.5 Diagonal Call at $2.53.
An added kicker to my last sale.
COIN up 13 points today
2DTE
SOXL,
BTC August 20, 25 puts at .05, sold at 1.43, nice to take the risk off early.
COIN
Sold 1 COIN Aug 06 2021 245.0 Diagonal Call at $1.66.
Paired with my short 210 Put for this week.
Total Strangle premium for this week at $2.51
AMC
Lowest price in several months today
Rolled 1 AMC 08/06/2021 23.0 Call to AMC 08/13/2021 24.0 Call at $0.05 Credit and added a point to the short strike.
Also sold 1 short 08/06/2021 25.0 Diagonal Put @ $0.38, adding to my position.
SPX trades
#SPX7dteLong Sold to close $SPX Aug 6th 4400/4380 put spreads for 5.70. Condors bought for 15.50 on Monday.
CPB
Bought a small bit of CPB at a new yearly low of $43
#FallingKnife
TQQQ
#ShortPuts – Keeping these on a short leash. Looking to load up Sep monthly on any weakness.
Bought to Close TQQQ AUG 20 2021 110.0 Put @ .75 (sold for 2.40)
Bought to Close TQQQ AUG 27 2021 100.0 Put @ .79 (sold for 2.10)
Bought to Close TQQQ AUG 27 2021 105.0 Put @ 1.03 (sold for 2.60)
Bought to Close TQQQ SEP 3 2021 95.0 Put @ .93 (sold for 2.10)
SPCE
#CoveredCalls – Last little scrap of 100 shares with no interest in getting stuck if it tanks on earnings. Taking small loss.
Sold SPCE Covered Stock @ 30.22 (basis 31.56)
SPX trades
#SPX7dteLong Bought to open Aug 9th $SPX 4390/4410-4420/4440 condors for 15.20, with SPX at 4415.
LVS Stock
Bought a small bit of LVS at $40.
New 52week low
#FallingKnife
VXX Puts
Sold VXX Aug 06 2021 28.5 Puts at $0.09.
Sold VXX Aug 13 2021 28.0 Puts at $0.27 & 0.32
Sold VXX Aug 13 2021 27.5 Puts at $0.17
Offsetting and paired up with some of the calls I’ve been selling.
COIN Put
Sold 1 COIN Aug 06 2021 210.0 Diagonal Put at $0.85
#OnlySpreads #DoubleDip
SOXL,
STO September 17, 35 put at 1.30
SOXL TQQQ
#ShortPuts – A few. SOXL starter and small adds to TQQQ.
Sold SOXL SEP 17 2021 40.0 Put @ 2.60
Sold TQQQ SEP 10 2021 105.0 Put @ 2.40
Sold TQQQ SEP 17 2021 97.5 Put @ 2.20
TAN,
STO August 20, 83 put at 1.10
VXX Calls
Sold VXX Aug 06 2021 34.0 Diagonal Calls at $0.52
Sold VXX Aug 06 2021 34.5 Diagonal Calls at $0.47
Sold VXX Aug 06 2021 35.0 Diagonal Calls at $0.36
#shortputsTQQQ Hi again, have not…
#shortputsTQQQ
Hi again, have not posted in a while as I have been concentrating on selling puts in TQQQ (and some LABU, TNA, SOXL.
Anyway, the TQQQ selling has been a success with about 100 trades over the past 5 months with about 9.25% gain.
Question… I’m not much of a “chartist” but it appears to me that TQQQ is in a classic pennant pattern; waiting for a breakout higher.
Your opinions are, as always, welcome.
Good luck to all
TQQQ Puts
Sold TQQQ Aug 06 2021 122.5 Diagonal Puts at $0.45
Pairs with the TQQQ Calls I sold yesterday
AMC Puts
Sold AMC Aug 06 2021 28.0 Diagonal Puts at $0.32
Sold AMC Aug 06 2021 26.0 Diagonal Puts at $0.21
Sold AMC Aug 06 2021 25.0 Diagonal Puts at $0.17
#OnlySpreads
CLX
Re-acquired a bit of CLX at $163 and $160 on the earnings drop after selling off my stock on July 8th around 187.
#FallingKnife at a new 52 week low
CPB LVS
2 SP500 Stocks set new yearly lows today
#FallingKnife
SOXL Put Close / TQQQ MRVL O Put / BX Call
#shortputs
$SOXL BTC 8/20 34 put at .30. STO at 1.85.
$SOXL BTC 8/20 40 put at .80. STO at 3.90
$SOXL BTC 8/20 39 put at .70. STO at 2.70. Thank you @fuzzballl
$TQQQ STO 12/17 65 put at 2.70. Thank you @jsd501
$MRVL STO 8/6 60 put at .45 and .39.
$MRVL STO 8/13 59 put at .56
$O STO 8/20 67.50 put at .35
#coveredcalls
$BX STO 8/6 119 call at .57. Sold against LEAPS
$T STO 8/13 28.50 call at .25
VXX Late trades
Sold VVX Aug 13 2021 33.5 Diagonal Calls at $1.29 and $1.35
#tqqq STO TQQQ 17 DEC…
STO TQQQ 17 DEC 65 PUT @2.75
following thanks jsd501
SPX trades
#SPX7dteLong Bought to Open $SPX Aug 6th 4380/4400-4410/4430 condors for 15.50, with SPX at 4398.
VXX Call Ladder
Sold VXX 08/13/2021 34.0 Covered Calls @ $1.04
Sold VXX 08/20/2021 38.0 Covered Calls @ $1.04
Sold VXX 08/27/2021 42.0 Covered Call @ $1.04
Sold VXX 09/03/2021 46.0 Covered Call @ $1.14
Sold VXX. 09/10/2021 50.0 Covered Call @ $1.14
Sold VXX 09/17/2021 54.0 Covered Call @ $1.14
TQQQ,
STO December 17, 65 put at 2.71
TLRY
Sold Aug 06 2021 16.0 Covered Calls @ 0.24 & 16.5 Covered Calls @ 0.19, replacing last week’s calls
TNA Call
Sold TNA Aug 06 2021 92.0 Diagonal Call @ $1.22 and 94.0 Diagonal Call at $1.03 replacing the calls that expired Friday
PINS
#CoveredCalls #ShortPuts – Covering and adding.
Sold PINS AUG 20 2021 62.5 Calls @ .95
Sold PINS AUG 20 2021 55.0 Puts @ 1.05
OptionsExpiration
–Expired–
AMC 07/30/2021 48/60 Bear Call Spread
AMC 07/30/2021 47/55 Bear Call Spread
AMC 07/30/2021 23.0 Diagonal Puts
COIN 07/30/2021 250.0 Diagonal Call
COIN 07/30/2021 230/145 Bull Put Spread
LABU 07/30/2021 52.0 Diagonal Put
SLV 07/30/2021 23.0 Diagonal Puts
TLRY 07/30/2021 17/32 Bear Call Spread
TLRY 07/30/2021 16.5/32 Bear Call Spreads
TLRY 07/30/2021 16/30 Bear Call Spreads
TLRY 07/30/2021 15.5 Covered Calls
TLRY 07/30/2021 15.0 Covered Calls
TNA 07/30/2021 92.0 Diagonal Call
TNA 07/30/2021 90.0 Diagonal Call
TNA 07/30/2021 79.0 Diagonal Put
TQQQ 07/30/2021 140.0 Diagonal Call
TQQQ 07/30/2021 135.0 Diagonal Call
TQQQ 07/30/2021 119/60 Bull Put Spread
TQQQ 07/30/2021 119.0 Diagonal Put
VXX 07/30/2021 46.0 Diagonal Calls
VXX 07/30/2021 42.0 Diagonal Call
VXX 07/30/2021 41.0 Diagonal Calls
VXX 07/30/2021 40.0 Diagonal Calls
VXX 07/30/2021 37.5 Diagonal Calls
VXX 07/30/2021 37.0 Covered Calls
VXX 07/30/2021 36.5 Covered Calls
VXX 07/30/2021 36.0 Covered Calls
VXX 07/30/2021 31.0 Covered Call
VXX 07/30/2021 29.0 Diagonal Puts #VXXContango
VXX 07/30/2021 28.5 Diagonal Puts #VXXContango
VXX 07/30/2021 28.0 Diagonal Puts #VXXContango
LABU Put roll
Since this went slightly in the money late in the day I’m rolling it down to go with the 56 put I rolled this morning.
Bought to Close LABU Jul 30 2021 55.0 Diagonal at $0.68. Sold this on 7/22 at $1.22 on a rolldown.
To replace it, Sold to Open LABU Aug 06 2021 50.0 Put at $0.98, so a $0.30 Credit on a 5 point reduction in the strike price
TNA Put Rolldown
Since it went slightly in the money about 3:00 I decided to roll this one.
Bought to close TNA Jul 30 2021 Diagonal 86.0 Put at $0.41. Sold this last week on a rolldown at $4.46
Replaced it with a TNA Aug 06 2021 77.0 Put at $0.71, or a $0.30 Credit with the new strike 9 points lower.
My short 79 Put and short 90 and 92 Calls will expire shortly
#tqqq jade lizard BTC TQQQ…
#tqqq jade lizard
BTC TQQQ 30 JUL 129 PUT @.02
BTC TQQQ 30 JUL 140 CALL @.01
part of jade lizard put on Tuesday/out of shorts
Sold to open TQQQ 140/141/129 for 1.60
FB SPOT TNA
#ShortPuts #CoveredCalls – A few more.
FB: Lottery ticket expiring for loss.
FB JUL 30 2021 365.0/375.0/375.0/385.0 @ 10.00 (sold for 8.50)
SPOT: Covered.
Bought to Close SPOT JUL 30 2021 237.5 Call @ .05 (sold for 11.50)
Sold SPOT AUG 20 2021 235.0 Call @ 4.56
TNA: Taking about half of max 3 weeks early.
Bought to Close TNA AUG 20 2021 65.0 Puts @ .63 (sold for 1.20)
Bought to Close TNA AUG 20 2021 70.0 Put @ 1.09 (sold for 1.90)
TLRY Put Rollout and Rolldown
After the earnings driven spike this week, I didn’t think I would have to cover these.
Bought to close TLRY Jul 30 2021 15.5 Diagonal Puts / Sold to open TLRY Aug 06 2021 15.5 Puts at $0.32 Credit.
Bought to close TLRY Jul 30 2021 15.0 Diagonal Puts / Sold to open TLRY Aug 06 2021 14.5 Puts at $0.10 Credit plus a $0.50 drop in the strike.
At least the many calls I sold on the move up are expiring today
TQQQ Call Rollout
Bought to Close TQQQ Jul 30 2021 120.0 Diagonal Calls / Sold to Open TQQQ Aug 06 2021 120.0 Calls at $0.56 Credit.
Not enough weakness in TQQQ today to roll them up.
Waiting for today’s 119 Puts and 135 & 140 Calls to expire
Closing AMAT
Bought to close $AMAT Aug 6 130/120 bull put spread @ .38. Sold for 2.45 on 7/8.
LABU Aug
Sold to open $LABU Aug 20 45 puts @ 1.05
COIN LABU LAZR SPCE
#ShortPuts #CoveredCalls – A few…
COIN: Book it and wait for earnings.
Bought to Close COIN AUG 6 2021 210.0 Put @ .80 (sold for 2.55)
LABU: Finally taking stock. Will be assigned at 62.25. Covering early slightly below basis. Come and get it.
Sold LABU AUG 6 2021 60.0 Calls @ 1.22
LAZR: Stock will be assigned at 19.85. Covering early. Earnings in two weeks. One of my top performers of the year so would let it go for tiny loss.
Sold LAZR AUG 6 2021 19.0 Calls @ .47 average.
SPCE: One contract I couldn’t get out of. Will be assigned at 32.80. Covering early. Earnings next week so might add.
Sold SPCE AUG 6 2021 32.0 Call @ 1.24
LABU Put roll
Since these went slightly in the money this morning I’m rolling these down again.
Bought to Close LABU Jul 30 2021 56.0 Diagonal at $0.42. Sold these on 7/22 at $0.77 on a rolldown.
To replace these, Sold to Open LABU Aug 06 2021 50.0 Puts at $0.62, so a $0.20 Credit on a 6 point reduction in the strike price
SPX trades
#SPX7dteLong Sold to close $SPX July 30th 4410/4390 put spreads for 5.40. Tried to close at the open but was not filled, and then chased all morning as it only went up. Not a great way to start the day when I could have gotten over 12.00!!!
Hoping for a strong rally to get the call side ITM.
Downside warning was canceled
#VIXindicator I forgot one of my own rules for this thing… the Downside Warning is canceled if the $SPX hits a new high, even if the $VIX hasn’t given us the cancel signal yet. So it was canceled last Friday. No Upside Warning yet.
VXX Call Rolls
Rolled VXX 07/30/2021 36.5 Covered Calls out a week at $0.24 Credit
Rolled VXX 07/30/2021 37.0 Covered Calls out a week at $0.21 Credit
CTXS
New low on an SP500 stock.
Bought a bit at 94.70 on the open and below the March 2020 Covid low.
#FallingKnife
NVAX AAPL SOXL Put Close / LABU Put Roll / NVAX Call Roll
#shortputs
$NVAX BTC 7/30 175 put at .40. STO at 5.40.
$AAPL BTC 7/30 146 put at .75. STO at 2.63.
$SOXL BTC 8/20 25 put at .10. STO at 1.05.
$LABU BTC 7/30 63 put and STO 8/6 62 put at added credit of .30.
$LABU BTC 7/30 64 put and STO 8/6 63 put at added credit of .10.
#coveredcalls
$NVAX BTC 7/30 177.5 call and STO 8/6 192.5 call at added credit of 1.40.
SOXL
#ShortPuts – Taking nice profits on the big bounce. Will be looking to reload aggressively on the next drop.
Bought to Close SOXL AUG 20 2021 36.0 Put @ .70 (sold for 2.05)
Bought to Close SOXL AUG 20 2021 37.0 Put @ .80 (sold for 2.00)
Bought to Close SOXL AUG 20 2021 38.0 Put @ .99 (sold for 2.30)
Bought to Close SOXL AUG 20 2021 39.0 Put @ 1.20 (sold for 2.55)
Bought to Close SOXL AUG 20 2021 40.0 Put @ 1.45 (sold for 3.10)
VXX Put
Bought to open 1 VXX Dec 17 2021 15.0 Put / Sold to open 1 VXX Aug 06 2021 28.5 Put at $0.12 Credit.
Short DTE = 8
Long DTE = 141
#VXXContango
LABU Call
Offsetting some of the risk of all the short puts I’m carrying into tomorrow’s expiration with no additional margin.
Sold to open 1 LABU Aug 06 2021 65.0 Diagonal Call at $1.40.
I’ve got 52, 55 and 56 puts coming due tomorrow.
#OnlySpreads
PINS earnings analysis
#Earnings $PINS reports tonight after the bell. Below are details on earnings one-day moves over the last 9 quarters, which represents its entire history.
April 27, 2021 AC -14.50%
Feb. 4, 2021 AC +5.29%
Oct. 28, 2020 AC +26.92%
July 30, 2020 AC +36.12%
May 5, 2020 AC -14.84%
Feb. 6, 2020 AC +9.51%
Oct. 31, 2019 AC -17.02%
Aug. 1, 2019 AC +18.62%
May 16, 2019 AC -13.48%
Avg (+ or -) 17.37%
Bias 4.07%, positive bias on earnings.
With stock at 72.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 64.69 to 80.31
Based on AVERAGE one-day move over last 12 quarters: 59.91 to 85.09
Based on MAXIMUM one-day move over last 12 Q’s (36.1%): 46.31 to 98.69
Based on DOWN max only (-17.0%): 60.16
Open to requests for other symbols.
AMZN earnings analysis
#Earnings $AMZN reports tonight after the bell. Below are details on earnings one-day moves over the last 12 quarters.
April 29, 2021 AC -0.11%
Feb. 2, 2021 AC -1.99%
Oct. 29, 2020 AC -5.44%
July 30, 2020 AC +3.69%
April 30, 2020 AC -7.59%
Jan. 30, 2020 AC +7.37%
Oct. 24, 2019 AC -1.09%
July 25, 2019 AC -1.55%
April 25, 2019 AC +2.54%
Jan. 31, 2019 AC -5.38%
Oct. 25, 2018 AC -7.81%
July 26, 2018 AC +0.51%
Avg (+ or -) 3.76%
Bias -1.40%, negative bias on earnings.
With stock at 3,595.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 3,478.20 to 3,711.80
Based on AVERAGE one-day move over last 12 quarters: 3,459.98 to 3,730.02
Based on MAXIMUM one-day move over last 12 Q’s (7.8%): 3,314.23 to 3,875.77
Based on UP max only (+7.4): 3,859.95
Open to requests for other symbols.
SPX trades
#SPX7dteLong Bought to Open $SPX 4400/4420-4430/4450 condors for 15.05, with SPX at 4422. I compared this one to the 4395/4415-4425/4445, and it was going for about 25 cents cheaper. That seems to often be the case, that savings can be found if you look at the condor 5 point higher or lower.
Options Bistro 