#ShortPuts – Just a little starter down closer to the 200 day to see what develops. Well outside the expected move.
Sold SPY JUL 16 2021 390.0 Put @ 2.05
Recent Updates Page 143
SPX trades
#SPX1dte Sold to Open $SPX June 21st 4055/4075-4240/4260 iron condors for 1.10, SPX at 4182, IV 12.6%, deltas -.06 +.06.
Expiring with max credit of 20.00: June 18th 4230/4210 put spreads. Condors bought for 15.20 on Monday.
AMC Rollout
Bought to close AMC Jun 18 2021 38.0 Calls / Sold to open AMC Jun 25 2021 38.0 Calls at $0.56 Credit.
Hoping the next week sees a little less craziness in this stock
TQQQ
#ShortPuts – Filled while I was out. Small add.
Sold TQQQ JUL 16 2021 95.0 Put @ 2.25
#tqqq STO TQQQ 30 JUL…
STO TQQQ 30 JUL 85 PUT @2.30
SPX long condors
#SPX7dteLong Bought to Open $SPX June 23rd 4155/4175-4185/4205 condors for 17.15, with SPX at 4180.
This is only 5 days out but high probability of success with current volatility.
Today’s looks good to expire with 20.00 credit. Wednesday’s expired badly as I had sold the put side on Monday for 6.00, so about a 9.00 loss on that one.
TLT call spread
Sold to open $TLT Jul 16 145/150 bear call spread @ 1.30
COG
another #SP500 stock below it’s 52-week low today.
Added some at 15.75 to keep it on my radar
#Fallingknife
SOXL
#ShortPuts – Adding.
Sold SOXL JUL 16 2021 37.0 Put @ 2.50
WFC Call
Bought to close WFC Jun 18 2021 44 Diagonal Call at $0.01. Sold last week @ 1.65
I also have several 45.50 and 46.0 Calls expiring today
VXX Trades
On the opening spike:
Bought to close 1 VXX Jun 18 2021 32.0 Put at $0.20. Sold on a rolldown last Friday @ 1.43
Bought to close 1 VXX Jun 18 2021 34.0 Put at $1.12. Sold on a rolldown last Friday @ 3.06
Bought to close 1 VXX Jun 18 2021 34.5 Put at $1.67. Sold on a rolldown last Friday @ 3.46
Waiting to see if my short 31.50 Put expires.
Re-wrote at lower strikes for next week
TQQQ,
BTC June 18, 75 put at .01, sold at 2.31, another one bites the dust.
No trades
Interactive Brokers had problems today so I couldn’t place any new combo orders. So no new trades, and I need a 10-point move down to close my spread with profit.
AMC Rollup
Bought to close AMC Jun 18 2021 48.0 Calls / Sold AMC Jun 25 2021 53.0 Calls at $0.05 Credit.
The small credit is a trade off for the 5 point bump in the short strike
LAZR
#ShortPuts – Back in.
Sold LAZR JUL 9 2021 21.5 Puts @ 1.00
Sold LAZR JUL 9 2021 22.0 Puts @ 1.10
TQQQ,
BTC June 18, 65 put at .01 in my IRA, sold at 1.29
BTC June 18, 65 put at .01 in the trading account, sold at 1.31
SLV
#SmallChange
I was about to liquidate my long SLV Aug 21.0 Puts at a gain when I decided to write against it for the third time instead.
Sold SLV Jun 18 2021 23.5 Puts at $0.06
Expires tomorrow
TMV,
STO July 16, 68 put at 2.80
GME
Closing down one of my two Bear Call spreads 2 days early.
My guess is that the long call will drop away faster than the short in the next two days.
Bought to close GME 06/18/2021 260.0 Call / Sold 1 GME 06/25/2021 310.0 Call @ $4.10 Credit
I got a credit on the original spread and ADDED to the credit as I rolled the short up and out for a few weeks.
A #WinWin trade and I remove a $5k spread requirement several days early
#tqqq STO TQQQ 30 JUL…
STO TQQQ 30,JUL 85 PUT @2.26 avg price @ 13:28
had to make a Waco run
on the ladder now
theta decay my friend
200 sma is 87.53
SOXL
#ShortPuts – Adding.
Sold SOXL JUL 16 2021 36.0 Put @ 2.25
TQQQ
#BullPutSpreads – Adding.
Sold TQQQ JUL 2 2021 115.0/110.0 Bull Put Spread @ 3.10
LABU
#ShortPuts – Adding.
Sold LABU JUL 16 2021 58.0 Put @ 2.95
VXX
Sold VXX Jun 18 2021 35.5 Covered Calls at $0.51
Sold VXX Jun 18 2021 36.0 Covered Call at $0.45
Sold VXX Jun 18 2021 37.0 Covered Call at $0.33.
VXX bounced to 32.90 before pulling back sharply
NMDBF
#LotteryTickets – Another Whiz lottery ticket.
LAZR
ShortPuts – Taking a few off about 10 days early.
Bought to Close LAZR JUN 25 2021 21.0 Puts @ .20 (sold for 1.00)
Bought to Close LAZR JUN 25 2021 21.5 Puts @ .25 (sold for 1.20)
TQQQ
#ShortPuts – Starter position down closer to the 200 day.
Sold TQQQ JUL 16 2021 90.0 Put @ 2.00
TNA
#ShortPuts – Adding.
Sold TNA JUL 16 2021 80.0 Put @ 1.70
VXX
Sold VXX Jun 25 2021 37.5 Covered Calls at $0.77
AMC
Sold some puts to balance out some of my Bear Call spreads that are currently in the money for this week.
Sold 06/18/2021 29.0 Puts @ 0.15
Sold 06/18/2021 28.0 Puts @ 0.12
Sold 06/18/2021 27.0 Puts @ 0.11
#BeerMoney
TDOC
#ShortPuts – First time in this one in awhile. Selling the week before earnings, at the expected move, and near recent lows.
Sold TDOC JUL 23 2021 135.0 Put @ 2.45
Optimism Abounds
VRTX
#BullPutSpreads – Thanks @Iceman for pointing this one out. Playing for a bounce with a very directional bull put spread. Selling a couple weeks before earnings also. Currently 40 percent off all time high with recent bad news about a lung cancer drug. Still seems to be some nice price targets on it even after the downgrades. I’ll manage it same way I do all of my aggressive directional bull put spreads.
Sold VRTX JUL 9 2021 200.0/190.0 Bull Put Spread @ 7.00
VRTX
#FallingKnife
Added a tiny bit more at 190
SPX trades
#SPX7dteLong Bought to Open $SPX June 21st 4225/4245-4255/4275 iron condors for 15.70, with SPX at 4249.
LABU ROKU SPOT TWTR
#ShortPuts #CoveredCalls – A little early on a couple but nice to see some volatility coming back.
LABU: Adding.
Sold LABU JUL 16 2021 59.0 Put @ 2.80
Sold LABU JUL 16 2021 61.0 Put @ 2.20
Sold LABU JUL 16 2021 62.0 Put @ 2.50
ROKU: Rolling covered and a new position.
Rolled ROKU JUN 18 2021 320.0 Call to JUL 16 2021 320.0 Call @ 5.40 credit
Sold ROKU JUL 16 2021 310.0 Put @ 6.00
SPOT: Rolling covered.
Rolled SPOT JUN 18 2021 235.0 Call to JUL 2 2021 235.0 Call @ 2.35 credit
TWTR:
Bought to Close TWTR JUN 18 2021 55.5 Puts @ .05 (sold for 1.04)
UPST Call
#coveredcalls
$UPST STO 6/18 130 call at 2.30 Thanks for the idea @honkhonk81
VLO Put
#shortputs
$VLO STO 6/18 81 put at .80
VXX
Sold VXX Jun 18 2021 35.5 Covered Calls at $0.36 with the stock @ 31.80.
At the same time I sold some long puts that may end up out of the money on Friday.
Sold to close VXX1 Jun 18 2021 8.0 Puts at $0.35.
(this is the same as selling 1 VXX 32.0 Put @ 1.40)
LABU
Sold 1 LABU Jun 18 2021 64.0 Put at $0.65
#OnlySpreads
Closing SPY
I didn’t like the close today for my bearish SPY trade so I took it off for a loss in the extended hours session. Sold $SPY Jun 25 420 puts @ 2.05. Bought for 2.87 on Friday.
VXX Calls
Sold VXX Jun 18 2021 35.0 Covered Calls at $0.39 with the stock @ 31.50
CLX
Added a tiny bit of CLX stock at 174.46 – a new 52week low
SPX trades
#SPX7dteLong Sold to close $SPX June 16th 4235/4215 put spreads for 6.00. Condors bought last Thursday for 14.45. Will sell call spreads in an upswing.
TQQQ
#BullPutSpreads – Staying involved in case it breaks out to all time highs. If it implodes I’ll take stock at a basis only 2.10 higher than whatever it drops to.
Sold TQQQ JUL 2 2021 115.0/110.0 Bull Put Spreads @ 2.90
TQQQ,
STO June 25, 110 put at 3.90 for a small trade. Come and get me mister market.
SLB
Sold SLB Jun 18 2021 36.0 Diagonal Calls at $0.27 replacing last week’s 35.0 Calls that I covered for a penny on Friday.
TQQQ
Sold 1 TQQQ Jun 18 2021 112 Call at $1.15 against some long calls left over from earlier diagonal spreads.
#DoubleDip
GME
Couldn’t decide whether to dump the long left over from the 260/400 diagonal call spread that I had when the short 260 expired Friday or to write against the 07/02 400.0 long call, but I finally decided on a #DoubleDip re-write.
Sold 1 GME Jun 18 2021 280 Call at $12.00
TQQQ,
STO July 30, 75 put at 1.05 in my IRA
TQQQ,
BTC June 18, 45 puts at .01, sold at 1.28
VRTX makes the watch list
#FallingKnife on my radar now that it has blown below it prior low.
Along with CLX, I’m also watching COG, COIN, and KMB for attractive entry points at or below the old lows.
OptionsExpiration
GME 06/11/2021 260.0 Diagonal Call
SLV 06/11/2021 24.5 Diagonal Put
SQQQ 06/11/2021 12.0 Covered Call
TLRY 06/11/2021 20.0 Covered Calls
TLRY 06/11/2021 24.0 Diagonal Calls
UVXY1 06/11/2021 4.0 Covered Calls
VXX 06/11/2021 36.0 Covered Calls
VXX 06/11/2021 36.5 Covered Calls
VXX 06/11/2021 46.0 Covered Calls
VXX 06/11/2021 46.0/57.0 Bear Call Spreads
VXX 06/11/2021 48.0/75.0 Bear Call Spreads
TLRY
Rolled some Puts and some Calls
Rolled TLRY 06/11.2021 24.0 Puts down to the TLRY 06/18/2021 23.50 Puts @ 0.05 Credit
Rolled TLRY 06/11/2021 17.50 Calls to TLRY 06/18/2021 17.50 Calls @ 0.15 Credit
Rolled TLRY 06/11/2021 18.50 Calls to TLRY 06/18/2021 19.0 Calls @ 0.24 Credit
VXX Put roll
Rolled my last put for the week down a strike.
Bought to close 1 VXX 06/11/2021 32.0 Put / Sold 1 VXX 06/18/2021 31.5 Put @ 0.50 Credit
WFC Calls
Rolled out 1 WFC 06/11/2001 44.0 Call to the WFC 06/18/2021 44.0 Call @ 0.10 Credit
Rolled up WFC 06/11/2001 45.0 Calls to the WFC 06/18/2021 45.5 Call @ 0.02 Credit
Rolled up WFC 06/11/2001 45.5 Calls to the WFC 06/18/2021 46.0 Calls @ 0.02 Credit
WFC ended the week at 45.68 so at least some of these are now out of the money
SPX trades
#SPX1dte Sold to Open $SPX June 14th 41890/4200-4270/4290 iron condors for 1.05, SPX at 4239, IV 6.7%, deltas -.10 +.07. Getting aggressive on deltas as we’ve been trading in a tight range and premium is pretty low. It is working and will continue to work, until it doesn’t!
EL Call Closed / RBLX Call Roll
#coveredcalls
$EL BTC 6/18 310 call at .20. STO at 1.60 on 6/8
$RBLX BTC 6/18 88 call and STO 7/2 92 call at even. Been at this a while. Still at a debit of $6 but have moved strike up from 79. Stock now at 92.42. Should call the whole thing off soon.
#TQQQ BTC 25 JUN 80…
BTC 25 JUN 80 PUT @.22 /sto for 1.30
BTC 2 JUL 84 PUT @.57/sto for 1.90
BTC 16 JUL 80 PUT @.92 / sto for 2.26
BTC 23 JUL 85 PUT @1.68/ sto for 2.61
getting out and can always reload later.
TQQQ,
STO July 30, 75 put at 1.17
TQQQ
#ShortPuts – Approaching all time highs again and a nice looking triple top. Taking 65 percent 5 weeks early. I’ll be looking to add around the 200 day on next weakness. Start around 90 strike and work down from there.
Bought to Close TQQQ JUL 16 2021 80.0 Put @ .89 (sold for 2.27)
Bought to Close TQQQ JUL 16 2021 81.0 Put @ .96 (sold for 2.75)
Bought to Close TQQQ JUL 16 2021 82.0 Put @ 1.02 (sold for 2.95)
SPY long puts
Gap up into resistance and fading. With market at its highs looking for a bit of a pullback. Bought $SPY 6/25 420 puts @ 2.87. Will take off if the market does its recent Friday up thing in the afternoon but if not I will probably leave over the weekend to hedge for a Monday move down.
LABU
#ShortPuts – One little red bar today after a big run but you’ve gotta start somewhere. Come and get it Mr. Market.
Sold LABU JUL 16 2021 60.0 Put @ 2.55
COUP PINS ROKU SNOW SPOT
#ShortPuts #CoveredCalls – Closing and opening.
COUP: Post earnings quickie.
Bought to Close COUP JUL 16 2021 195.0 Put @ 1.75 (sold for 4.20)
PINS:Expiring. Already sold next batch.
62.0 Puts (sold for .90)
ROKU: Still holding a little stock covered. Booking the rest.
Bought to Close ROKU JUN 18 2021 315.0 Put @ .65 (sold for 5.10)
Bought to Close ROKU JUN 18 2021 320.0 Put @ 1.02 (sold for 6.50)
SNOW: Booking and reloading.
Bought to Close SNOW JUN 18 2021 220.0 Put @ .85 (sold for 3.30)
Bought to Close SNOW JUN 18 2021 225.0 Put @ 1.50 (sold for 4.90)
Sold SNOW JUL 16 2021 215.0 Put @ 4.40
Sold SNOW JUL 16 2021 220.0 Put @ 5.50
SPOT: Covered rolling another week. Old earnings trade with even as the goal.
Rolled SPOT JUN 11 2021 235.0 Call to JUN 18 2021 235.0 Call @ 1.50 credit
Closing BIIB
Just sold the last of the 6/11+6/18 400 put calendar @ 6.00 for 200% profit on this lot. Scaled out in 4 tranches with an average overall profit of 140%. I’ll take this any time. Thanks again for the awesome trade idea @Hawk!
MSFT,
STO August 20, 240 put at 3.80
GS BUPS Close / REGN Put Close
#bups
$GS BTC 6/18 350/360 BUPS at .20. STO at 2.97
#shortputs
$REGN BTC 6/18 at .40. STO at 4.20. Thank you @fuzzballl
VXX Put rolldowns
Rolled 1 VXX Jun 11 2021 33 Put to next week’s VXX Jun 18 2021 32 Put at $0.03 Credit
Rolled 1 VXX Jun 11 2021 34.5 Put to next week’s VXX Jun 18 2021 34 Put at $0.17 Credit
Rolled 1 VXX Jun 11 2021 35 Put to next week’s VXX Jun 18 2021 34.5 Put at $0.09 Credit
Still have a 32.0 put left to cover or roll Friday
SPY IC Ladder Update…continuing to improve
CRWD,
STO JUly 16, 200 put at 2.10
VXX Covered Calls
Rolled VXX Jun 11 2021 37 Calls to VXX Jun 18 2021 37.5 Calls at 0.33 Credit
SPX trades
#SPX7dteLong Bought to Open $SPX 4215/4235-4245/4265 iron condor for 14.45, with SPX at 4237.
VXX Long Puts
Sold a small part of my long
VXX1 06/18/2021 8.0 Puts @ $.030 and 0.35.
Bought them on 01/15/20.21 at $0.09 as the long part of a diagonal spread.
I will probably hang on to the rest and will likely exercise them next week to dump some on my long stock since they are in the money
GME Rollup
Bought to close 1 GME 06/11/2021 235.0 Call / Sold 1 GME 06/18/2021 260.0 Call at $5.05 Credit.
Pushed the short strike out of the money for next week with a nice cash flow.
I still have one more 260 call expiring tomorrow. It’s written against a Jul 02 long positions so I’m going to let it play out.
GME – closing a diagonal
Bought to close 1 GME 06/11/2021 260.0 Call / Sold to close 1 GME 06/18/2021 310.0 Call @ 0.05 Credit
I’ll have to do some research to calculate the final gain because I rolled the short twice for a credit, and got a credit on the original spread.
So a #WinWin trade with a credit in and a credit on the way out.
Options Bistro 