VXX Call Rolls

Bought to close VXX Jul 23 2021 46.0 Covered Calls at $0.02. Sold over the last few weeks at $0.56 avg price.
Replaced them with VXX Jul 30 2021 36.0 Covered Calls at $0.63.

Bought to close VXX Jul 23 2021 40.0 Covered Calls at $0.06. Sold over the last few weeks at $0.87 avg price.
Replaced them with VXX Jul 30 2021 36.5 Covered Calls at $0.67.

Bought to close VXX Jul 23 2021 36.0 Covered Calls at $0.12. Sold on 7/19 at $1.72 and again at $2.62.
Replaced them with VXX Jul 30 2021 36.0 Covered Calls at $0.73.

AMC Calls

Sold AMC 07/23/2021 47.0 Diagonal Calls at $1.12 and again at $1.75
2 DTE

SOXL

#ShortPuts – Taking a couple more scalps on the bounce. Now completely back to my original ladder.

Bought to Close SOXL AUG 20 2021 39.0 Put @ 2.35 (sold for 4.00)
Bought to Close SOXL AUG 20 2021 40.0 Put @ 2.75 (sold for 4.10)

SPY

#ShortPuts – Hadn’t really planned on holding the full 60 days just playing for a good bounce. Taking over 35 percent of max in a couple days.

Bought to Close SPY SEP 17 2021 380.0 Put @ 2.37 (sold for 3.80)
Bought to Close SPY SEP 17 2021 390.0 Put @ 3.12 (sold for 4.70)

OSTK Put Close

#shortputs
$OSTK BTC 7/23 82 put at .70. STO at 2.65. Thank you @fuzzballl

VXX

Missed this trade from yesterday as it is in a side account
Bought to open 1 VXX Jan 21 2022 15 Put Limit at $0.60.
#VXXContango

SOXL

#ShortPuts – Nice bounce from the dip. Taking the quick scalps and leaving original ladder in place.

Bought to Close SOXL AUG 20 2021 36.0 Put @ 1.60 (sold for 4.00)
Bought to Close SOXL AUG 20 2021 37.0 Put @ 1.90 (sold for 4.30)
Bought to Close SOXL AUG 20 2021 38.0 Put @ 2.20 (sold for 4.00)

#spx btc VERTICAL SPX 23…

#spx
btc VERTICAL SPX 23 JUL 4175/4170 PUT @.10
sold for .60

TQQQ call

Sold to close 1 TQQQ 07/30/2021 135.0 Call @ 1.01. Dumping it as I think it is destined to expire with the strike price above the all-time high of 134.08.
Bought it on 06/21 at $0.81 as the long side of a diagonal spread.
The short has already expired so a #WinWin trade
I think this might be a good one to short for next week as well.

ZM pre earnings

ShortPuts – Selling a couple weeks before earnings and outside the expected move.

Sold ZM AUG 20 2021 310.0 Put @ 3.20

NFLX post earnings

#ShortPuts – Selling at recent lows and at the expected move.

Sold NFLX AUG 20 2021 475.0 Put @ 4.25

SPX 7-dte

#SPX7dteLong Sold to close $SPX July 21st 4340/4320 put spreads for 3.90. Leaving call spreads for a bit later as the rally seems to have strength. Missed this one big time; should have sold put side Monday and I’d be collecting a double on this trade.

Also, doubled down on next Monday’s put spread. Bought more of the June 26th 4260/4240 put spreads for 1.60. Adding to the ones I bought yesterday for 5.65

SPX trades

I’m not selling an #SPX1dte trade today as the market is too unpredictable and the moves too large. Obviously I was way too early on my bearish trades this morning. Will likely double down if we open tomorrow higher or flat.

NFLX earnings analysis

#Earnings $NFLX reports tonight after the bell. Below are details on earnings one-day moves over the last 12 quarters.

April 20, 2021 AC -7.40%
Jan. 19, 2021 AC +16.85%
Oct. 20, 2020 AC -6.92%
July 16, 2020 AC -6.52%
April 21, 2020 AC -2.86%
Jan. 21, 2020 AC -3.58%
Oct. 16, 2019 AC +2.46%
July 17, 2019 AC -10.27%
April 16, 2019 AC -1.31%
Jan. 17, 2019 AC -3.98%
Oct. 16, 2018 AC +5.28%
July 16, 2018 AC -5.24%

Avg (+ or -) 6.06%
Bias -1.96%, negative bias on earnings.

With stock at 535.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 503.28 to 566.72
Based on AVERAGE one-day move over last 12 quarters: 502.60 to 567.40
Based on MAXIMUM one-day move over last 12 Q’s (16.9%): 444.85 to 625.15
Based on DOWN max only (-10.3%): 480.06

Open to requests for other symbols.

TNA Calls

Sold TNA Jul 23 2021 88.5 Diagonal Calls at $0.54.
Paired with existing short 88.50 & 82.50 Diagonal Puts creating one 88.50 straddle and one 82.50/88.50 strangle.
TNA is up 7 points today

New VXX Contango Trades

Bought to open VXX Jun 16 2023 5.0 Put/ Sold to Open VXX Jul 23 2021 30.5 Put at $0.07 Credit.
Short DTE = 3
Long DTE = 696
Bought to open VXX Jun 16 2023 5.0 Puts/ Sold to Open VXX Jul 30 2021 28.5 Puts at $0.07 Credit.
Short DTE = 10
Long DTE = 696
#VXXContango

Markets

  • What downside warning?

2021-07-20_8-06-48

2021-06-25_11-02-49_0

OIP

TLRY

Sold TLRY Jul 23 2021 15.5 Covered Calls at $0.11
Sold TLRY Jul 23 2021 16.00 Diagonal Calls at $0.09.
vs stock put to me Friday

VXX early Put rolldown

Using the elevated stock price to do an early rolldown
Bought to close VXX Jul 23 2021 32.0 Diagonal Put at $0.97. Sold last week on a roll at $3.53.

Replaced it with a short VXX Jul 30 2021 30.5 Diagonal Put at $1.14 for a 0.17 Credit.
Dropped the short strike 1.50 points and pushed it out of the money.

VXX

Setting up new long Puts for future #VXXContango trades
Bought to Open VXX Oct 15 2021 19.0 Put at $0.25 (brand new expiration month)
Bought to Open VXX Sep 17 2021 21.0 Put at $0.15 (adding to my position)

ROKU

#ShortStrangles – Selling against a short put.

Sold ROKU JUL 30 2021 440.0 Call @ 3.30

Position now JUL 30 380/440 @ 8.15

AMC

Sold 1 AMC Jul 23 2021 42.0 Diagonal Call at $1.12
Replaces a similar call that expired Friday.

NVDA post split pre earnings

#ShortPuts – Just to get it back in play. Always one of my favorites until it went vertical.

Sold NVDA AUG 13 2021 170.0 Put @ 3.25

SPX trades

#SPX7dteLong Sold to close $SPX July 23rd 4245/4265 call spreads for 14.10. Condors bought yesterday for 18.00. Counting on another drop by Friday to sell put side.

Also, bought to open July 26th 4260/4240 put spreads for 5.65. Going put side only for this one.

Markets

  • From ZeroHedge

Goldman Says “Don’t Buy This Dip” And Here’s Why…
“99% of S&P500 companies are in buyback blackout period into next week and quant flows remain asymmetric on the supply side (AKA CTA sellers will win this tug of war).”

COIN

Sold 1 COIN Jul 23 2021 195 Diagonal Put at $0.89
#OnlySpreads #TripleDip

TQQQ,

BTC August 6, 90 put at .70
BTC August 13, 90 put at 1.05

TQQQ

Sold 1 TQQQ Jul 23 2021 110.0 Put at $1.02.
Coming into today I was long one of these. Now I’m short
#OnlySpreads

Downside Warning in effect

#VIXindicator The $VIX closed over 25% above its 2-day closing low, so that’s a new Downside Warning.

Here are the last four Downside Warnings for reference:
Fired 5/11/21, at the SPX close of 4,152. The SPX low was the next day at 4,056. It dipped again 5 trading days after
that to 4,061, then recovered from there.
Fired 2/25/21, at the SPX close of 3,829. The SPX low of 3,723 was 5 trading days later.
Fired 1/27/21, at the SPX close of 3,750. The SPX low of 3,694 was only 2 days later .
Fired 9/3/20, at the SPX close of 3,455. The SPX low of 3,209 was 3 weeks later on Sep 24th.

VXX to the moon

  • until the first bounce in the market

Sold 1 VXX Jul 23 2021 36.0 Call at $2.63
Sold 1 VXX Jul 23 2021 37.0 Call at $2.29

O Put

#shortputs

$O STO 8/20 67.50 put at 1.47

TQQQ,

STO August 6, 90 put at .85
STO August 13, 90 put at 1.25

SPX 7-dte

#SPX7dteLong Bought to Open $SPX July 23rd 4215/4235-4245/4265 condors for 18.00, with SPX at 4242.

Expiring with max credit of 20.00: July 19th 4370/4350 put spreads. Condors bought last Tuesday for 15.25.

TSLA

#ShortPuts – Didn’t think this would fill today. Taking it for safety. Lots of earnings possibilities next few weeks.

Bought to Close TSLA JUL 23 2021 550.0 Put @ 1.00 (sold for 3.05)

LABU Put

Sold to close one of my extra long LABU Aug 20 2021 40.0 Puts at $1.05.
Bought it on 06/22 at $0.77 as part of a diagonal spread where the short is already gone.
#WinWin

TQQQ Put

Sold 1 close 1 TQQQ Jul 23 2021 110.0 Put at $0.90.
Bought it on Thursday at $0.54 as the long side of a quick hit diagonal put spread where the short expired Friday
#WinWin

VXX Continues to run

Sold 1 VXX Jul 23 2021 35.0 Covered Call at $1.92

VXX Trades

Sold to open 1 VXX Jul 23 2021 34.0 Covered Call at $1.67.
Took part of the proceeds and Bought to open 1 VXX Jan 21 2022 15 Put at $0.60 as a #VXXContango trade

SOXL

#ShortPuts – Added.

Sold SOXL AUG 20 2021 36.0 Put @ 4.00

SPY

#ShortPuts – Selling under the 200 day and well outside the expected move.

Sold SPY SEP 17 2021 380.0 Put @ 3.80

SPY

#ShortPuts – Starter at the 200 day and just outside the expected move.

Sold SPY SEP 17 2021 390.0 Put @ 4.70

SOXL TQQQ

#ShortPuts – Adding small.

Sold SOXL AUG 20 2021 37.0 Put @ 4.30

Sold TQQQ AUG 20 2021 95.0 Put @ 2.25

AMC Puts

Sold AMC Jul 23 2021 23.0 Diagonal Puts at $0.38.
Replaces similar puts that expired Friday
#OnlySpreads

VXX Trades

Sold to open 1 VXX Jul 23 2021 33.0 Covered Call at $1.84.
Took part of the proceeds and Bought to open 1 VXX Sep 17 2021 21 Put at $0.33 as a #VXXContango trade

SPX stopped

#SPX1dte Bought to close $SPX July 19th 4340/4320 put spreads for 1.85. Stop hit at the open. Condors sold for 1.30 on Friday, so .55 loss.

O.T.,

Does anyone have the percent of stocks below their 50 day moving average and the 200 day Moving average?

OptionsExpiration

A main monthly expiration – as a bunch of long hedges roll off along with the latest shorts.

== Expired ==
AMC 07/16/2021 38.0 Diagonal Call
AMC 07/16/2021 40.0/60.0 Bear Call Spreads
AMC 07/16/2021 43.0/65.0 Bear Call Spread
AMC 07/16/2021 46.0/70.0 Bear Call Spread
AMC 07/16/2021 23.0/10.0 Bull Put Spreads
AMC 07/16/2021 24.0/10.0 Bull Put Spread
AMC 07/16/2021 25.0/10.0 Bull Put Spreads
AMC 07/16/2021 26.0/11.0 Bull Put Spreads
AMC 07/16/2021 27.0/15.0 Bull Put Spreads
COIN 07/16/2021 210.0 Diagonal Put
SLB 07/16/2021 30.5/42.5 Bear Call Spreads
SLB 07/16/2021 30.5 Diagonal Calls
SQQQ 07/16/2021 10.5 Covered Calls
TLRY 07/16/2021 17.5 Covered Call
TLRY 07/16/2021 16.5/30.0 Bear Call Spreads
TNA 07/16/2021 123.0/50.0 Bull Put Spread
TNA 07/16/2021 124.0 Diagonal Put
TNA 07/16/2021 125.0 Diagonal Put
TNA 07/16/2021 129.0 Diagonal Call

VXX 07/16/2021 32.5/47.0 Bear Call Spreads
VXX 07/16/2021 33.0/47.0 Bear Call Spreads
VXX 07/16/2021 36.0/60.0 Bear Call Spreads
VXX 07/16/2021 46.0/80.0 Bear Call Spreads
VXX 07/16/2021 28.5/27.0 Bull Put Spreads
VXX 07/16/2021 28.0/25.0 Bull Put Spreads
VXX 07/16/2021 27.50 Diagonal Puts #VXXContango
VXX1 07/16/2021 7.0 Calendar Puts #VXXContango

== Assignments ==
TLRY 07/16/2021 28.0 Put – adj stock cost after put premium is 16.18
TLRY 07/16/2021 23.0 Puts – adj stock cost after put premium is 15.58

TLRY Put Rollouts

Rolled TLRY 07/16/2021 15.5 Diagonal Puts out a week @ 0.10 Credit
Rolled TLRY 07/16/2021 15.0 Diagonal Puts out a week @ 0.22 Credit

VXX1 Long Puts

Closed part of my long position – an unexpected fill at the asking price with the stock moving up.
Sold to close VXX1 Jan 21 2022 4.0 Puts at $0.27. Bought on 3/30/2021 @ $0.07
The long side of an old #VXXContango trade.

SOXL

#ShortPuts – Added again.

Sold SOXL AUG 20 2021 38.0 Put @ 4.00

SPX 1-dte

#SPX1dte Sold to Open $SPX July 19th 4220/4240-4375/4395 condors for 1.30, SPX at 4329, IV 10.2%, deltas -.06 +.08

No spread sold for today’s expiration.

VXX Call Ladder

Bought to close 1 VXX 07/16/2021 32.5 Covered Call at 0.01. Sold last Friday @ 0.42.
Bought to close VXX 07/16/2021 33.0 Covered Call at 0.01. Sold 3 days ago @ 0.20
Bought to close VXX 07/16/2021 33.5 Covered Calls at 0.01. Sold 3 days ago @ 0.15
Bought to close VXX 07/16/2021 34.0 Covered Calls at 0.01. Sold 3 days ago @ 0.14

Replaced them with:
VXX 07/26/2021 34.5 Covered Calls @ $0.47.
VXX 07/26/2021 34.0 Covered Calls @ $0.51.
VXX 07/26/2021 33.5 Covered Call @ $0.57.
VXX 07/26/2021 33.0 Covered Call @ $0.64

My experience with VXX is that next week’s calls will lose a bit of premium over the weekend, even if the stock is up on Monday.

And … they can have my stock at these new strike prices.

COUP LABU SOXL

#ShortPuts #BullPutSpreads – A little bit of everything today.

COUP: Taking a directional shot a couple weeks before earnings.
Sold COUP AUG 20 2021 240.0/220.0 Bull Put Spread @ 13.00

LABU: Rolling the one I dared Mr. Market to come and get. 🙂 🙂
Rolled LABU JUL 16 2021 71.5 Put to JUL 30 2021 71.0 Put @ .35 credit (2.90 total now)

SOXL: Adding.
Sold SOXL AUG 20 2021 39.0 Put @ 4.00

Options

On ZeroHedge : options trading has been concentrated in a handful of stocks, with 64% of all trading this month in just 5 names (AMZN, TSLA, AAPL,NVDA, GOOGL) ……
investors have increasingly focused on trading ultra short-dated options; options with less than 2 weeks to expiry comprise 75% of all trades …….
What is notable is that whereas recent bursts of option activity which culminated in the first quarter of 2021 targeted meme stocks, this time the call buyers are going for the FAAMGs themselves. It remains unclear if buyers of call are institutions or retail buyers – it is reasonable that if a big names was behind the ramp it would have leaked by now – it is certainly the case that absent continued option inflows, the push higher in the gigatech “generals” – which have almost single-handedly managed to push stocks to all time highs even as market breadth has collapsed…

UVXY1 Calls

Took advantage of some absurdly wide bid/ask spreads to sell more “old” strike UVXY Covered calls.
Sold 1 UVXY1 Sep 17 2021 6.0 Covered Call at $0.33
Sold UVXY1 Sep 17 2021 7.0 Covered Calls at $0.20 and $0.24
Sold UVXY1 Sep 17 2021 8.0 Covered Calls at $0.24
Sold UVXY1 Sep 17 2021 9.0 Covered Calls at $0.25
#OptionLadder

VRTX

Sold half my long VRTX stock @ 204.00. Bought on 06/11 @ 193.58

TNA Put Rolldown

Rolled TNA Jul 16 2021 86.0 Diagonal Put to next week’s TNA Jul 23 2021 82.5 Put at $0.52 Credit.
3.5 points better on the strike and now out of the money
Hedged with long Oct puts
#OnlySpreads

LABU Put Rolldown

Rolled LABU Jul 16 2021 64.0 Diagonal Puts down to next week’s 62.0 Puts at $0.05 Credit.
2 points better on the strike

Rolled LABU Jul 16 2021 62.0 Diagonal Put down to next week’s 58.0 Put at $0.05 Credit.
4 points better on the strike.

Both positions hedged with long Aug & Sep puts already in the account.
#OnlySpreads

VXX Puts

I was only able to get 1 of these sold before VXX bounced.
Sold to open 1 VXX Jul 23 2021 27.0 Put at $0.18.
Paired with already long Aug 22.0 Puts.

Waiting for today’s 28.50, 28.0 and 27.50 short puts to expire.
#VXXContango

TQQQ Put Close

#shortputs
$TQQQ BTC 7/30 102.5 put at .60. STO at 1.72

TQQQ Call rollup

Rolled TQQQ Jul 16 2021 118.0 Diagonal Calls up to next week’s 119.0 Calls @ 0.05 Credit.

Still hoping to cover my 129.0 call at a penny before the close

LABU Put Close / LABU Put Roll

#shortputs

LABU BTC 7/16 59 put at .85. STO at 2.60
$LABU BTC 7/16 71.50 put and STO 7/30 71 put at added credit of .15. Hope springs eternal.

Rolling NVDA

Rolled $NVDA Aug 13 900/910 bear call spread down to 840/850 @ .93 credit. Position is now 690/700/840/850 iron condor with 3.83 total premium taken in.

SOXL

#ShortPuts – My top performing stock of the year so going aggressive when adding to the ladder. Worked great on the last two big drops.

Sold SOXL AUG 20 2021 40.0 Put @ 4.10

UVXY1 Covered Call

Sold UVXY1 Sep 17 2021 6.0 Covered Call at $0.48.
This contract is only on 10 shares. (but the cash premium of $48 is like selling the 100 share contract for $480

#spxexpectedmove sto VERTICAL SPX 30…

#spx/~6.5% return

sto VERTICAL SPX 30 JUL 4230/4225 PUT @.60
sto VERTICAL SPX 28 JUL 4245/4240 PUT @.60

VXX trades

Bought to close 1 VXX Jul 16 2021 31.5 Put / Sold to Open 1 VXX Jul 23 2021 30.5 Put at $0.02 Credit with a 1 point drop in the the short strike.

Sold to open 1 VXX Jul 16 2021 32.5 Diagonal Call at $0.22
Sold to open 1 VXX Jul 16 2021 33.00 Diagonal Call at $0.19

TQQQ Put 1DTE

Sold 1 TQQQ Jul 16 2021 123.0 Diagonal Put at $0.60.
#OnlySpreads

AMC Call rollup

Bought to close AMC Jul 16 2021 27.0 Diagonal Calls at $7.75. Sold on a roll out last week at $20..77
Replaced it with short diagonal AMC Jul 23 2021 30.0 Calls at $6.75.
A 1 point debit on the roll but offset by the 3 point higher strike price so I’m still 2 points better off.

NIO Put Roll / O Put Close

#shortputs

$NIO BTC 7/16 50 put and STO 7/23 put at .18 added credit
$O BTC 7/16 70 put at .80. STO at 2.75

TQQQ,

I have closed out all of my short put positions in the TQQQ and now have 75% in cash. I may be early but I don’t like this market and it feels like the troops are not following the generals.

GS BUPS Close

#earnings #bups
$GS BTC 7/16 362.50/372.50 at .40. STO at 1.86.

TQQQ< BTC August 6, 90…

TQQQ<
BTC August 6, 90 put at .55, sold at 1.22

Closing long QQQ puts

Sold 7/23 363 puts @ 4.36. Bought for 3.71 yesterday. Taking profits for now, but will look to reinitiate on more weaknesss in the Nasdaq.

TQQQ

#ShortPuts- Starting new August ladder.

Sold TQQQ AUG 20 2021 100.0 Put @ 2.05
Sold TQQQ AUG 20 2021 105.0 Put @ 2.60