#ShortPuts – Completely out of this one now. Nice run and trading near high of the day so taking them a week early. Ready to reload next down day.
Bought to Close LABU JUN 18 2021 63.0 Put @ .54 (sold for 2.70)
Bought to Close LABU JUN 18 2021 64.0 Put @ .65 (sold for 2.45)
Bought to Close LABU JUN 18 2021 65.0 Put @ .75 (sold for 2.30)
Bought to Close LABU JUN 18 2021 66.0 Put @ .90 (sold for 2.70)
#ShortPuts #Earnings – Getting a little bounce today so taking over half. Still holding the post earnings July 195 strike.
Bought to Close COUP JUN 11 2021 220.0 Put @ 1.50 (sold for 3.70)
Bought to close VXX Jun 11 2021 46 Calls at $0.01
#ShortPuts – Replacing some that look safe tomorrow.
Sold PINS JUL 9 2021 60.0 Puts @ .95
#SPX7dteLong Sold to Close $SPX June 14th 4225/4205 put spread for 5.80. Condors bought for 14.75 on Tuesday. Looking for a bounce back up to close call spreads.
#BullPutSpreads – Filled on the rest of the long 2.5s.
Final position:
Sold MNMD JUL 16 2021 5.0/2.5 Bull Put Spreads @ 1.63
#ShortPuts – Haven’t been in this one in a long time. Throwing a starter out there down near the 200 day and outside the expected move.
Sold TNA JUL 16 2021 75.0 Put @ 1.50
#ShortPuts – Slowly buy surely.
Bought to Close LAZR JUN 11 2021 20.5 Put @ .05 (sold for 1.35)
Bought to Close LAZR JUN 11 2021 21.0 Put @ .05 (sold for 1.66)
Sold LAZR JUL 2 2021 21.5 Put @ 1.10
Sold LAZR JUL 2 2021 22.0 Put @ 1.30
Sold a small part of my long
VXX1 06/18/2021 9.0 Puts @ $1.07. Bought them on 01/20 at $0.25 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
BTC June 11, 70 put at .01 , That is all for this week.
#ShortPuts – Whiz trade.
Sold MNMD JUL 16 2021 5.0 Puts @ 1.80
Then on my own in addition to his trade:
Bought MNMD JUL 16 2021 2.5 Puts @ .17 (only got a partial)
#shortputs
$ALB BTC 6/18 160 put and STO 6/18 165 put at added .55 credit
$TQQQ STO 7/16 85 put at 1.90
Sold to Open:
VXX Jun 18 2021 37.5 Call at $0.81
VXX Jun 18 2021 37.0 Call at $0.86
VXX Jun 18 2021 36.5 Call at $0.94
#OptionLadder
Closing my last short position in this name
Bought to Close 1 LABU Jun 11 2021 55.0 Put at $0.05. It won’t trade any lower.
Sold this at $3.25.
I’m left with some long September Puts at 35 and 40 that are free lottery tickets because I recovered the cost with my initial writes against them at the time of purchase.
Sold 6/11+6/18 400 put calendar @ 5.00 for 150% profit on this lot. I have now taken 60% of my position off and will hopefully be completely out by later today or tomorrow. It’s been a terrific trade, thank you @Hawk.
STO January 2022, 40 put at 2.10
@Hawk Is this something that could work? Set the trade prior to the event. I know we did BIIB after the announcement but can the same theory work prior? What’s my biggest risk in something like this? Earnings tonight.
Sell Jun 11th 80 put and Buy Jun 18th 80 put @ about .70 debit
Only a couple of days until expiration so scalping some short term premium.
Sold to Open:
VXX Jun 11 2021 37.0 Call at $0.21
VXX Jun 11 2021 36.5 Call at $0.24
VXX Jun 11 2021 36.0 Call at $0.29
#OptionLadder
Used this morning’s weakness to adjust a short call.
Bought to close WFC Jun 11 2021 45.5 Calls at $0.74. Sold these last week on a rollout at $1.42
Sold to Open WFC Jun 18 2021 46.0 Calls at $0.77 for a Net Credit of $0.03
#ShortPuts – Partial…
Bought to Close LAZR JUN 11 2021 20.0 Put @ .05 (sold for 1.20)
The state of Ohio sues to have GOOGL declared a public utility.
BTC a partial of the June 11, 70 puts at .01, sold at 1.59, I should cover the rest tomorrow or the next day.
#SPX7dteLong Bought to Open $SPX June 14th 4205/4225-4235/4255 iron condors for 14.75, with SPX at 4230.
STO August 20, 25 put at 1.05
#coveredcalls
$EL STO 6/18 310 call at 1.60
$LEN STO 6/11 97 call at .70
$NVTA STO 6/18 32.50 call at .56
#shortputs
$LABU BTC 6/11 66 put at 1.08. Rolled twice for total credits of 8.20. Thank you @fuzzballl
$LABU BTC 6/18 65 put at 2.75. STO at 9.62.
$LABU BTC 6/18 64 put at 1.80. STO at 8.90.
$SNOW STO 7/2 230 put at 4.70. Thank you @jsd501
$COUP STO 7/16 195 put at 3.30. Thank you @fuzzballl
$SOXL BTC 6/18 37 put at 2.75. STO at 9.86. @fuzzballl strikes again. Merci!
$SOXL STO 6/18 34 put at 2.05.
$T BTC 6/18 31 put and STO 7/16 31 put at added credit of .53
Zero Hedge is talking up how profitable it would have been to buy their most shorted stocks back in January at the beginning of the meme hype. Here is their latest list. https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again
Sold to close 6/11+6/18 400 put calendar @ 3.00 for 50% profit on a small portion of my position. Still holding on to most of it, planning to scale out at higher profit targets.
Sold 1 VXX Aug 20 2021 46.0 Covered Call at $3.15.
#ShortPuts – Replacing some closed yesterday.
Sold LABU JUN 18 2021 63.0 Put @ 2.70
#ShortPuts – Sold COUP JUL 16 2021 195.0 Put @ 4.20
sto TQQQ 23, JUL 85 PUT @2.61
#coveredcalls
$VLO STO 6/11 85 call at .75
#shortputs
$SNOW BTC 6/18 205 put at .40. STO at 3.10. Thank you @fuzzballl
#SPX7dteLong Bought to Open $SPX June 11th 4230/4250 call spreads for 8.30.
Waiting for the close to collect on today’s 4215/4235 long call spread.
#IronLizard – Closing it now at slightly less than the 20 points the call side would be worth on Friday. All risk off with a decent gain.
Bought to Close BIIB JUN 11 2021 270/300/320/340 Iron Lizard @ 19.20 (sold for 24.20)
#ShortPuts – Why can’t they all work like this? 🙂
Bought to Close BIIB JUN 18 2021 225.0 Put @ .25 (sold for 9.30)
Wow
Looking good here so STO, July 2, 230 put at 4.73 with stock at $251
Sold to close my LABU Jun 25 2021 85.0 Call at $1.40. Bought it at 0.72 on 05/27..
This was a long side hedge against past short calls that have all expired, including last Friday’s 66.0 Call.
#LongStock – Too early this morning but took a scalp on quite a few shares.
Sold MNMD Stock @ 3.30 (bought for 3.05)
#ShortPuts – Really pushing my luck here but the chart looks like it could be bottoming and it’s at the low end of it’s recent range.
Sold COUP JUN 11 2021 220.0 Put @ 3.70
BTC TQQQ 11 JUN 70 PUT @.02 //had bto @ 1.70 on 5.4.21
#ShortPuts – Taking some a couple weeks early on the bounce.
Bought to Close LABU JUN 18 2021 50.0 Put @ .30 (sold for 2.20)
Bought to Close LABU JUN 18 2021 50.0 Put @ .70 (sold for 2.70)
#ShortPuts – Got a defined risk in one account. Going a little riskier with the naked put sale in a different account. Going out a week and selling barely inside the expected move at multi year lows including where the stock bottomed the last time this drug was denied.
Sold BIIB JUN 18 2021 225.0 Put @ 9.30
#ShortPuts – Adding.
Sold SOXL JUL 16 2021 34.0 Put @ 2.10
Sold SOXL JUL 16 2021 35.0 Put @ 2.45
#optionsexpiration #coveredcallssdc-assignment
$GME @ramie77 splendid 180/190/310/300 IC
$VLO 84 call Covered
$AG 18 call Covered
$LEN 99 call Covered
$RBLX 95 put
$F 13 put
$F 13.5 call Stock called away
#bups
$TSLA BTC 6/18 540/550 BUPS at 1.50. STO at 2.45.
#shortputs
$SOXL BTC 6/18 35 put at .80. STO at 4.13. Thank you @fuzzballl
$TQQQ BTC 6/4 110 put and STO 6/11 109 put at cost of .40.
Enjoy the weekend
Expired:
AMC 06/04/2021 15.0 Puts
LABU 06/04/2021 66.0 Diagonal Call
LABU 06/04/2021 55.0 Diagonal Put
SQQQ 06/04/2021 17.0/12.0 Bear Call Spreads
VXX 06/04/2021 33.0 Diagonal Put – #VXXContango
VXX 06/04/2021 46.0 Covered Call
VXX 06/04/2021 46.0/50.0 Bear Call Spreads
VXX1 06/04/2021 13.50 Diagonal Calls
Assignments:
VXX1 06/04/2021 13.0 Puts (25sh each) – adj cost 34.00 after put premium
VXX1 06/04/2021 12.0 Puts (25sh each) – adj cost 33.64 after put premium
VXX1 06/04/2021 10.5 Puts (25sh each) – adj cost 33.80 after put premium
VXX1 06/04/2021 10.0 Puts (25sh each) – adj cost 33.52 after put premium
Everything else was rolled to next week.
#ShortPuts – Taking more. Everything in this ticker is now in July.
Bought to Close SOXL JUN 18 2021 34.0 Put @ .59 (sold for 3.85)
Bought to Close SOXL JUN 18 2021 35.0 Put @ .75 (sold for 3.25)
Bought to Close SOXL JUN 18 2021 36.0 Put @ .97 (sold for 2.75)
Rolled 1 VXX 06/04/2021 36.0 Put to next week’s 35.5 Put @ 0.26 Credit
Rolled 1 VXX 06/04/2021 35.0 Put to next week’s 34.5 Put @ 0.34 Credit
Rolled 1 VXX 06/04/2021 34.0 Put to next week’s 33.0 Put @ 0.25 Credit
Rolled 1 VXX 06/04/2021 33.50 Put to next week’s 32.0 Put @ 0.16 Credit.
#VXXContango shorts against July and September longs
Rolled $TSLA Jan 21 2022 200 put up to 300 put @ 6.50 credit. Total premium now 11.65.
#SPX7dteLong Earlier: Sold to close $SPX June 4th 4215/4235 call spreads for 8.25. Bought last Friday for 8.80. Small loss, but better than yesterday when it got below 2.00. It’s in profit range now had I waited. Finally getting the move from the Upside Warning. Two other call spreads expiring next week are looking good.
From Carter Worth
Closing more long #VXXContango long side puts.
Sold VXX1 06/18/2021 8.0 Puts @ 0.27. Bought last November @ 0.22 and 0.23.
Wrote against them many, many times.
These were my highest cost lots. If VXX drops below 32, my remaining long puts go in the money.
STO June 18, 74 put at 2.40
STO July 23, 70 put at 1.21
I bought the butterfly back for $1.00, finally made a little money on Tesla.
#ShortPuts #CoveredCalls – A couple trades this morning.
LAZR: New starter positions.
Sold LAZR JUN 25 2021 21.0 Puts @ 1.00
Sold LAZR JUN 25 2021 21.5 Puts @ 1.20
SPOT: An old earnings trade. Breakeven is the goal.
Bought to Close SPOT JUN 4 2021 237.5 Call @ .22 (sold for 4.20)
Sold SPOT JUN 11 2021 235.0 Call @ 5.02
Exiting some put spreads. The shorts can’t be rolled to next week as the pre-split strikes aren’t available so I closed the long puts hedging them too.
Bought to close VXX1 Jun 04 2021 9.0 Puts at $0.52. Sold these last week at $0.61.
Bought to close VXX1 Jun 04 2021 8.5 Puts at $0.14. Sold these last week at $0.19.
Sold to close VXX1 Jun 18 2021 9.0 Puts at $0.89 and $0.90. Bought these in November, December and January at $0.40, 0.31 and 0.25
BTC June 4, 80 put at .01, sold at 1.40
BTC June 4, 70 put at .01, sold at 1.07 in my IRA
That is it for today.
#Jobs — Again lower than expectations, but a strong improvement on April’s disappointment. Restaurants added almost 1 in every 3 of the new jobs. Still 7.6 million jobs lower than before pandemic.
Gain of +559,000 non-farm payroll jobs, vs. expected gain of 671K.
Unemployment at 5.8%, down by 0.3
U6 unemployment at 10.2%, down by 0.2
Labor force participation 61.6%, down by 0.1
Average Hourly Earnings up 0.5%
March revised up by +15K to +785K
April jobs revised up by +12K to +266K
#SPX7dteLong Bought to Open $SPX June 9th 4200/4220 call spreads for 7.00.
Yes, I’m still stocking by my bullish stance. I will probably sell tomorrow’s call spread at a loss today, but holding out for a rebound.
#ShortPuts – Adding one.
Sold LABU JUN 18 2021 54.0 Put @ 2.70
Rolled my short GME Jun 04 2021 230.0 Calls to GME Jun 11 2021 260.0 Calls at $5.75 Credit.
This pushed the short strike to an at-the-money position.
Rolled short SLV Jun 04 2021 25.0 Puts to SLV Jun 11 2021 24.5 Puts at $0.07 Credit.
SLV dipped to 25.07 this morning.
Sold AMC Jun 04 2021 15.0 Puts at $0.10.
Rolled 1 AMC Jun 04 2021 22.0 Call to 1 AMC Jun 11 2021 23.0 Call at $0.25 Credit.
The stock dipped below 39 as this trade executed
Bought to open 1 VXX Jul 16 2021 25.0 Put at $0.11. I will use this as a long hedge for writing weekly #VXXContango Put sales for the next 6 weeks
Sold 1 VXX Jun 18 2021 50.0 Call at $0.77. Sold against an existing long call from an earlier spread.
Sold 1 VXX Jun 25 2021 50.0 Call at $1.15. Sold against an existing long call from an earlier spread.
Sold VXX1 Jun 18 2021 11.0 Call at $0.28
Sold VXX1 Jun 18 2021 12.0 Call at $0.21.
Trying to sell more of these.
Rolled profitable Jun 18 short 415 put up and out to Jul 2 500 put (12 delta) @ 5.83 credit
#ShortPuts – Looking out to July now.
SOXL: First sale in this expiration.
Sold SOXL JUL 16 2021 33.0 Put @ 2.20
TQQQ: Adding a couple.
Sold TQQQ JUL 16 2021 81.0 Put @ 2.75
Sold TQQQ JUL 16 2021 82.0 Put @ 2.95
STO July 16, 75 put at 1.61
#ShortPuts – More size reduction. Slightly better prices than yesterday.
Bought to Close SOXL JUN 18 2021 34.0 Put @ .70 (sold for 3.85)
Bought to Close SOXL JUN 18 2021 35.0 Put @ 1.00 (sold for 3.25)
Bought to Close SOXL JUN 18 2021 36.0 Put @ 1.30 (sold for 2.75)
#ShortPuts – Anchor position for hopefully a nice July ladder. Thanks @walter6871 !
Sold TQQQ JUL 16 2021 80.0 Put @ 2.27
STO TQQQ 2 JUL 84 PUT @1.90
#BullPutSpreads – IV much higher than a typical earnings announcement so taking a shot. Playing it to the upside with defined risk selling an ITM bull put spread. If it tanks then the lower the better for starting a covered call program.
Sold BIIB JUN 11 2021 300.0/270.0 Bull Put Spread @ 20.20
Trying to sell 3-4 call spreads above it somewhere to help with basis reduction on an implosion but to still preserve some decent profits to the upside. Sort of an unbalanced iron jade condor lizard 🙂 🙂
https://www.barrons.com/articles/fda-biogen-decision-biotech-stocks-51622553280
EDIT: Went wider on the call spread and sold at the expected move. Max profit window is 300-320 with no upside risk. Basis on an implosion will only be 5.80 above wherever the stock is trading at Friday expiration.
Sold BIIB JUN 11 2021 320.0/340.0 Bear Call Spread @ 4.00
#ShortPuts – Taking these off to make room for a roll of the dice on BIIB next week. Looks like the announcement could come anytime between now and the 7th.
Bought to Close BIIB JUN 4 2021 245.0 Put @ 1.35 (sold for 3.20)
Bought to Close REGN JUN 18 2021 475.0 Put @ 2.20 (sold for 4.20)
Tesla Global EV Market Share Collapses To 11% In April, From 29% In March: Credit-Suisse
#shortputs
$LABU BTC 6/4 67 put and STO 6/11 66 put at added credit of .70
Options Bistro 