#ShortPuts #Earnings – Earnings not until tomorrow but selling while it’s down a little.
Sold SNOW MAY 28 2021 215.0 Put @ 4.10
Recent Updates Page 146
LABU,
STO January 40 put at 5.70
Closing IWM
Bought to close $IWM Jun 18 203/210/242/249 iron condor @ 2.05 for 50% of the profit (sold for 2.10)
SPX update
#SPX7dteLong Bought to Open $SPX May 28th 4185/4205-4215/4235 condors for 15.10, with SPX at 4208.
Expiring for max credit of 20.00: May 24th 4155/4175 call spreads, bought last Tuesday for 16.85
Last week, the 7-dte strategy saw three straight losses, further validating the need to leg out of these trades when opportunity is there.
TQQQ diagonal call spread
Bought to open 1 TQQQ Jul 16 2021 130.0 Call / Sold to Open 1 TQQQ May 28 2021 105.0 Call @ 0.08 Credit.
Hoping the 1o5 call sold for $1.03 expires Friday
TQQQ Put Close
#shortputs
$TQQQ BTC 5/28 75 put at .08. STO at 1.63. Thank you @jsd501
TSLA
#ShortCalls – Closed a short put earlier for a nice gain so no need to hold the risk on this.
Bought to Close TSLA JUN 4 2021 675.0 Call @ 2.36 (sold for 2.15)
Still holding a Jun 475 short put.
REGN
#ShortPuts – Selling at the expected move and near recent lows. Also, above the 20, 50, and 100 day moving averages.
Sold REGN JUN 18 2021 475.0 Put @ 4.20
TSLA
#ShortPuts – Nice run today so I’ll take almost half.
Bought to Close TSLA MAY 28 2021 560.0 Put @ 3.50 (sold for 6.75)
AMC
Sold AMC May 28 2021 14.5 Calls at $0.80.
AMC Entertainment’s (AMC) largest shareholder Wanda Group has sold most of its shares in the movie theater company, cutting its stake to 0.002% on a diluted basis following AMC’s recent capital raise.
According to a US Securities and Exchange filing Friday, Wanda Group, which formerly held a stake of more than 30% in the company, sold the shares in the open market in the period May 13 through 18 at around $14 per share. Following the sale, the Chinese conglomerate now owns 10,000 shares in AMC
#tqqq at close yesterday. STO…
#tqqq
at close yesterday.
STO TQQQ 28 MAY 90 PUT @1.25
Options Expiration
#OptionsExpiration – Turned into a pretty good week…
BIIB 245 Put (sold for 3.50)
SPOT 240 Call (sold for 5.00)
TSLA 575 Put (sold for 6.10)
TSLA 650 Call (sold for 8.25)
OptionsExpiration
A main monthly expiration as a bunch of long hedges roll off along with the latest shorts.
Expired:
LABU 05/21/2021 70/100 Bear Call Spread
LABU 05/21/2021 67/76 Bear Call Spread
LABU 05/21/2021 60/45 Bull Put Spreads
SQQQ 05/21/2021 13.0 Covered Call
SQQQ 05/21/2021 13.5 Diagonal Calls
TLRY 05/21/2021 16/32 Bear Call Spreads
TNA 05/21/2021 80.0 Diagonal Put
TQQQ 05/21/2021 85/55 Bull Put Spread
VXX1 05/21/2021 11.0/30 Bear Call Spreads
VXX1 05/21/2021 11.5/31 Bear Call Spreads
VXX1 05/21/2021 12.0/32 Bear Call Spreads
VXX1 05/21/2021 12.5/33 Bear Call Spreads
VXX1 05/21/2021 13.0/33 Bear Call Spreads
VXX 05/21/2021 42.0 Covered Calls
VXX 05/21/2021 43.0 Covered Call
VXX 05/21/2021 44.0 Covered Calls
VXX 05/21/2021 46.0 Covered Calls
UVXY
Last trade before the split
Bought to Close UVXY May 21 2021 4.5 Puts at $0.16. Breakeven with last week’s sale on a rolldown.
Sold to open UVXY May 28 2021 4.5 Puts at $0.42.
Hedged with long September Puts.
TQQQ
#ShortPuts – Starter for a new ladder in June.
Sold TQQQ JUN 18 2021 82.5 Put@ 2.36
Sold TQQQ JUN 18 2021 80.0 Put @ 2.00
TSLA
#ShortPuts #ShortCalls – Replacing this week’s.
Sold TSLA MAY 28 2021 560.0 Put @ 6.75 (in an IRA)
Sold TSLA JUN 4 2021 675.0 Call @ 2.15 (selling against Jun 21st 475 strike put)
TWTR
#CoveredCalls – Barely ITM so rolling another week for nice credit.
Rolled TWTR MAY 21 2021 54.0 Calls to MAY 28 2021 54.0 Calls @ .90 credit (1.95 total now)
SPOT
#CoveredCalls – Replacing this week’s.
Sold SPOT JUN 4 2021 237.5 Call @ 4.20
SOXL
#ShortPuts – Book,roll and add.
Bought to Close SOXL MAY 21 2021 34.0 Puts @ .20 (sold for 1.75 and 5.00)
Bought to Close SOXL MAY 21 2021 35.0 Puts @ .91 (sold for 1.74 and 4.00)
Rolled SOXL MAY 21 2021 36.0 Puts to JUN 18 2021 34.0 Puts @ 1.35 credit (3.90 total now)
Adding starters lower leaving room to aggressively add.
Sold SOXL JUN 18 2021 33.0 Put @ 2.70
Sold SOXL JUN 18 2021 32.0 Put @ 2.25
TLRY Puts Rolled down
Rolled TLRY May 21 2021 16.0 Puts to TLRY May 28 2021 15.5 Puts @ 0.04 Credit
#tqqq btc TQQQ 21 MAY…
btc TQQQ 21 MAY 95 PUT @.20 (sold @ 2.35)
VXX Calls closed
Bought to Close VXX May 21 2021 45.0 Diagonal Calls at $0.01
Bought to Close VXX May 21 2021 46.0 Diagonal Calls at $0.01
LABU Puts Rolled way down
Used today’s rally to roll down and take some nice gains on this week’s puts:
Rolled LABU May 21 2021 64.0 Put to LABU May 28 2021 59.0 Put @ 0.16 Credit
Rolled LABU May 21 2021 66.0 Put to LABU May 28 2021 62.0 Put @ 0.10 Credit
All other LABU positions will expire.
LABU
Bought to close 1 LABU 05/21/2021 57.0 Put @ 0.05. Sold for $3.50 on 5/17
TQQQ,
STO July 2, 65 put at 1.13
STO July 16, 60 put at 1.30
NVDA 4 for 1 split
#StockSplits – Seems like a long way out for the announcement but I’ll take it. Should be much more tradeable now. Earnings next week.
https://www.reuters.com/article/nvidia-stock-split/nvidia-sets-4-for-1-stock-split-from-july-idUSL3N2N837I
LAZR PINS ROKU
#CoveredCalls – A few adjustments.
LAZR: Small profits and new positions. Replacing stock getting called away.
Bought to Close LAZR MAY 21 2021 22.5 Puts @ 1.15 (sold for 1.70)
Sold LAZR JUN 11 2021 20.0 Puts @ 1.20
Sold LAZR JUN 11 2021 20.5 Puts @ 1.35
Sold LAZR JUN 11 2021 21.0 Puts @ 1.66
PINS: Nice premium collection.
Rolled PINS MAY 21 2021 60.0 Calls to JUN 4 2021 60.0 Calls @ 1.50 credit (4.05 total now)
ROKU: Out and up a week.
Rolled ROKU MAY 21 2021 315.0 Call to MAY 28 2021 317.5 Call @ .34 credit (7.34 total now)
SPX trades
#SPX7dteLong Sold to close $SPX May 21st 4150/4130 put spreads for 7.05. Leaving call side for tomorrow. Condors bought for 16.85 on Monday.
Bought to Open May 26th 4140/4160-4170/4190 condors for 16.65
#SPX1dte Sold to Open $SPX May 21st 4070/4090-4210/4230 condors for 1.10, 2 minutes after closing bell. Deltas -.06 +.06
From Bloomberg Bitcoin Correlation
TQQQ,
BTC June 18, 115 call at 1.14, sold at 2.55
SOXL
#ShortPuts – Rolling my highest strikes on the nice bounce.
Rolled SOXL MAY 21 2021 38.0 Puts to JUN 18 2021 36.0 Puts @ .45 and .40 credit
Rolled SOXL MAY 21 2021 37.0 Puts to JUN 18 2021 35.0 Puts @ .80 credit
Still holding 36, 35, and 34 strikes for tomorrow.
GNRC LABU Put Close
#shortputs
$GNRC BTC 5/21 300 put at 1.30. STO at 6.20
$LABU BTC 5/21 60 put at 1.00. STO at 3.80 Thank you @ramie77
TQQQ
#ShortPuts – Taking small profits on the nice bounce.
Bought to Close TQQQ MAY 21 2021 94.0 Put @ .85 (sold for 2.30)
Bought to Close TQQQ MAY 21 2021 95.0 Put @ 1.15 (sold for 2.35)
LABU
#ShortPuts – Roll out a week and down quite a bit.
Rolled LABU MAY 21 2021 65.0 Put to MAY 28 2021 62.0 Put @ .10 credit
NVDA SNOW pre earnings
#ShortPuts – Taking these on the nice bounce. Earnings for both next week.
Bought to Close NVDA MAY 21 2021 550.0 Put @ .37 (sold for 4.30)
Bought to Close SNOW MAY 21 2021 217.5 Puts @ .40 (sold for 2.70 and 3.50)
TQQ Put Close / HELP
#shortputs
$TQQQ BTC 5/21 83 put at .20. STO at 1.88. Unwinding slowly and not necessarily surely.
I have to go through wordpress to get to optionbistro.com. Anyone else having this issue or have I been voted off the island. Thanks (not for voting me off) if you have a solution. 😉
A couple of trades today….
A couple of trades today.
STO EWZ Jul16’21 32 PUT $0.60
STO TQQQ Jun18’21 65 PUT $1.50
STO TSLA Jun18’21 400 PUT $4.34
STO LABU May28’21 50 PUT $1.20
STO LABU Jun04’21 45 PUT $1.00
STO ARKK Jun18’21 80 PUT $1.00
VXX adding longs
#VXXGame Bought to Open $VXX June 2022 10 puts for .30, adding to existing prositon. Looking to try this with some $UVXY after reverse split.
SPX Stopped
#SPX1dte Bought to close $SPX May 19th 4065/4045 put spreads for 3.00. Condors sold yesterday for 1.10.
VXX1 Puts Rolled down
Bought to close VXX1 May 21 2021 10.5 Puts at $0.36. Sold them on another rolldown last week at $0.48.
Replaced them with VXX1 May 28 2021 10.0 Puts at $0.38 for a small overall credit.
My long position is some old June 10.0 Puts so this is now a calendar spread.
#VXXContango
SOXL Put Roll / RBLX Call
#shortputs
$SOXL BTC 5/21 35 put and STO 6/18 33 put at added credit of .45
$SOXL BTC 5/21 38 put and STO 6/18 37 put at added credit of .20
#coveredcalls
$RBLX STO 5/21 79 call at $1
Amazon Covered Call Strategy- One Year In
SPX trades
#SPX7dteLong Bought to Open $SPX May 24th 4125/4145-4155/4175 iron condors for 16.85, with SPX at 4149.
1-dte trade coming in comments
UVXY reverse split
#StockSplits – Just saw this. 1:10 on May 26th.
LABU
#ShortPuts – Bought to Close LABU MAY 21 2021 60.0 Put @ .94 (sold for 3.00)
TQQQ,
BTC May 28, 100 call at 1.90 which I sold at 1.95 so just taking the risk off the table. I don’t have a good feel for this market either way but it is quiet and not going anywhere
TQQQ
#ShortPuts – Taking risk off now instead of holding 3 more days.
Bought to Close TQQQ MAY 21 2021 82.0 Put @ .18 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 83.0 Put @ .21 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 84.0 Put @ .24 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 85.0 Put @ .26 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 86.0 Put @ .35 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 87.0 Put @ .40 (sold for 2.00)
Bought to Close TQQQ MAY 21 2021 88.0 Put @ .49 (sold for 2.00)
And taking almost half a month early:
Bought to Close TQQQ JUN 18 2021 70.0 Put @ 1.30 (sold for 2.50)
SNOW pre earnings
#ShortStraddles – Stopped out of the call side. It served it’s purpose though. Got the stock to rally. Leaving short puts in two accounts with earnings next week.
Bought to Close SNOW MAY 21 2021 217.5 Call @ 4.70 (leaving short put side @ 2.70 credit)
LABU
Sold 1 LABU May 21 2021 67.0 Call at $1.50.
Sold 1 LABU May 21 2021 70.0 Call at $0.90.
Sold against a whole ladder of short puts for this week.
O.T.,
I can tell everyone is hiding in their bunker when there are only a few posts. The same is going on over at SMM and Minervini.
SPX trades
#SPX7dteLong Bought to Open $SPX May 21st 4130/4150-4160/4180 iron condor for 16.85, with SPX at 4152.
Looking to close put side of today’s condor and bank on some recovery into the close.
TQQQ,
BTC May 21, 50 put at .02, sold at 1.05
TMV,
STO June 18, 74 puts at 2.05
TMV,
STO June 18, 74 put at 2.05, I am a believer in higher inflation and interest rates but starting small.
TQQQ
Sold 1 TQQQ May 21 2021 85.0 Put at $0.82
TNA
Sold 1 TNA May 21 2021 80.0 Put at $1.68
VXX and VXX1
Sold 1 VXX May 21 2021 42.0 Covered Call at $1.10
Sold VXX May 28 2021 42.0 Covered Calls at $1.86
Sold VXX1 May 21 2021 11.0 Calls at $0.21, 0.22, 0.24 & 0.27
Sold VXX1 May 21 2021 11.5 Calls at $0.18
Sold VXX1 May 21 2021 12.0 Calls at $0.14
TQQQ
STO $TQQQ May 28 80 puts @ 1.20
OptionsExpiration
==Expired==
LABU 05/14/2021 67.0 Diagonal Call
SQQQ 05/14/2021 12.5 Diagonal Call
TLRY 05/14/2021 32/24 Bear Call Spreads
TLRY 05/14/2021 18.0 Diagonal Calls
VXX1 05/14/2021 11.0 Covered Calls
VXX1 05/14/2021 11.5 Covered Calls
VXX1 05/14/2021 12.0 Covered Calls
VXX1 05/14/2021 12.5 Diagonal Calls
VXX 05/14/2021 40.0 Diagonal Calls
TQQQ 05/14/2021 92.0 Diagonal Put
SPX trades
#SPX1dte Bought to close $SPX May 14th 4190 call for .30. Condors sold yesterday for 1.10. Just kept going up and up but didn’t actually hit my stop until this hour.
Sold to Open $SPX May 17th 4050/4070-4230/4250 condors for .95, SPX at 4175, IV 11.9%, deltas -.06, +.05
VXX Calls
Bought to close VXX May 14 2021 42.0 Diagonal Calls at $0.01 . Sold these on Wednesday @ $1.33.
Bought to close VXX May 14 2021 41.0 Diagonal Call at $0.01 . Sold this on Wednesday @ $2.74.
Also:
Sold to open VXX 05/21/2021 46.0 Covered Calls @ $0.53.
Adding to my position.
VXX1 Calls
Covered some of the old short pre-split calls to release a bit of margin:
Bought to close VXX1 May 14 2021 10.0 Diagonal Calls Limit at $0.01. Sold these at 0.19.
Bought to close VXX1 May 14 2021 10.5 Diagonal Calls Limit at $0.01. Sold these at 0.28 & 0.40
Bought to close VXX1 May 14 2021 11.0 Diagonal Calls Limit at $0.01. Sold these at 0.20 & 0.24
#tqqq BTC TQQQ 14 MAY…
BTC TQQQ 14 MAY 80 PUT @.02 /had sto @1.97
BTC TQQQ 14 MAY 93.5 PUT @.15 /had sto 1.17
VXX Calls
Bought to close 1 VXX 05/14/2021 46.0 Diagonal Call @ 0.01. Sold this at $ 1.48 earlier this week.
Closing SNAP
Taking advantage of the move up to get out of the $SNAP May 21 45/53/65/72 iron condor @ 1.47. Sold for 1.86.
SQQQ Call Roll
Rolled a SQQQ 05/14/2021 12.0 Covered Call up to a SQQQ 05/21/2021 13.0 Covered Call for a 0.02 Credit.
I also have a short diagonal 12.50 call that likely expires today.
SPY
#ShortPuts – Taking the two day quickie.
Bought to Close SPY JUN 18 2021 370.0 Put @ 1.45 (sold for 4.00)
TSLA
#ShortCalls – Let’s see if we can encourage this thing to keep going up. Sold against a short put next week and another in June.
Rolled TSLA MAY 21 2021 750.0 Call to MAY 21 2021 650.0 Call @ 1.95 credit (8.25 total now)
LABU
#ShortPuts – Rolling my higher strikes. Still sitting on a couple lower for next week.
Rolled LABU MAY 21 2021 69.0 Put to JUN 18 2021 66.0 Put @ .55 credit
Rolled LABU MAY 21 2021 68.5 Put to JUN 18 2021 65.0 Put @ .27 credit
Rolled LABU MAY 21 2021 68.0 Put to JUN 18 2021 64.0 Put @ .05 credit
TLRY
An early assignment on 2 TLRY 05/14/2021 27.50 Puts.
Adjusted Cost on the stock is 15.85 after the put premium.
So I sold 2 TLRY 05/21/2021 16.0 Covered Calls @ 0.31
PLTR ROKU
#CoveredCalls – A couple this morning. Still out on the road…took delivery of my moving home last Saturday so been kinda busy with that getting some bugs worked out.
PLTR: A new batch…covered.
Bought to Close PLTR MAY 21 2021 24.0 Calls @ .04 (sold for 1.38)
Sold PLTR JUN 18 2021 20.0 Calls @ .95
ROKU: Booked, scalped, sold…covered
Bought to Close ROKU MAY 14 2021 330.0 Call @ .10 (sold for 4.30)
Sold ROKU MAY 21 2021 320.0 Call @ 9.00 (16 seconds after the open)
Bought to Close ROKU MAY 21 2021 320.0 Call @ 5.00 (17 minutes later 🙂 🙂 )
Sold ROKU MAY 21 2021 315.0 Call @ 7.00
LABU Calls
Rolling down and out to next week:
Rolled 1 LABU 05/14/2021 67.0 Call to 1 LABU 05/21/2021 66.0 Call @ 0.20 Credit
Rolled 1 LABU 05/14/2021 65.0 Call to 1 LABU 05/21/2021 64.0 Call @ 0.30 Credit
Rolled 1 LABU 05/14/2021 62.0 Call to 1 LABU 05/21/2021 60.0 Call @ 0.10 Credit
Rolled 1 LABU 05/14/2021 60.0 Call to 1 LABU 05/21/2021 57.0 Call @ 0.10 Credit
TSLA Jan
Sold to open Jan 21 2022 200 put @ 5.15.
SPX trades
#SPX7dteLong Bought to Open $SPX May 19th 4105/4125-4135/4155 iron condors for 17.40, with SPX at 4126.
TQQQ,
BTC May 28, 75 put at 1.70, sold at 1.66 so taking a small loss to free up margin and reduce my risk.It is possible that we decline another 5% to 10% IMHO.
Options Bistro 