#shortputs
$O STO 4/16 65 put at .85
$O STO 5/21 62.5 put at .90
$MARA STO 4/9 54 put at 2.75
Recent Updates Page 151
AMZN adjustment
With the call side (3250/3260 bear call spread) of my iron condor getting tested, rolled $AMZN Apr 16 2910/2900 bull put spread up to 3100/3090 @ 1.35. Total premium now 4.85/max loss 5.15.
ROKU pre earnings
#ShortPuts – Selling week before earnings, outside the expected move, and below recent lows. Should be good premium for a roll if needed.
Sold ROKU APR 30 2021 280.0 Put @ 3.90
TQQQ
#ShortPuts – For lack of anything else to do. Completely out of this one now a month early.
Bought to Close TQQQ MAY 7 2021 70.0 Put @ .83 (sold for 2.85)
VXX – Closing a long Put position
Sold to close VXX Apr 16 2021 10.0 Puts @ 0.15 & 0.16
Purchased this lot on January 27th @ 0.06 and have been writing against them since then.
I am scaling out of these and when they are gone I’ll start writing them
I’m still long June/September/Jan 2022/Jun 2022 Puts that I continue to write against.
SPY Ladder…..
March Jobs Report
#Jobs — Obliterating expectations, plus more added to Jan & Feb.
Gain of +916,000 non-farm payroll jobs, vs. expected gain of 645K
Unemployment at 6.0%, down by 0.2
U6 unemployment at 10.7%, down by 0.4
Labor force participation 61.5%, up by 0.1
Feb jobs revised up by +89K to +468K
Jan jobs revised up by +67K to +233K
Expirations
#optionsexpiration
$WYNN 127 call
$TAN 85 put Thank you @fuzzballl
$LABU 70 put Thank you @fuzzballl
$LABU 65 put Thank you @optioniceman
$MARA 43 put
$MRVL 48.5 put
Happy Easter Weekend to all.
Stay well
UVXY – Closing a long Put position
Sold to close UVXY Apr 16 2021 5.0 Puts @ 0.23.
Purchased these on March 1st @ 0.04 while writing March 5th 8.0 Puts against them that ultimately expired.
A #WinWin on a #UVXYContango trade.
I’m still long June 4.0 and 5.0 Puts that I continue to write against.
The next reverse split can’t be too far off with the stock at 5.40
AAPL
#BullPutSpreads – Just for fun, taking a directional shot the week before earnings. I’ll take the stock for earnings if needed.
Sold AAPL APR 23 2021 128.0/122.0 Bull Put Spread @ 3.70
OSTK
#ShortPuts #Covered Calls – Stock getting called away for nice gains so replacing with a starter. Should be a week or two before earnings.
Sold OSTK APR 16 2021 59.0 Puts @ 1.16
Sold OSTK APR 16 2021 60.0 Puts @ 1.35
SNOW
#ShortPuts #CoveredCalls – Letting stock get called away at a slight loss. Replacing with this to work it back to even.
Sold SNOW APR 16 2021 220.0 Put @ 4.00
EDIT: And…should be week before earnings at least.
Sold SNOW APR 30 2021 220.0 Put @ 6.40
VXX Put Roll
Last Trade today
Bought to close VXX Apr 01 2021 11.5 Puts / Sold to Open VXX Apr 09 2021 11.5 Puts at $0.23 Credit
Jobs Report tomorrow
Even though stock market is closed, the March jobs report will be released at 8:30am ET.
SPX trades
#SPX1dte Sold to Open $SPX Apr 5th 3925/3945-4065/4085 iron condors for 1.05, SPX at 4012, IV 8.2%, deltas -.06 +.06.
Expiring worthless: Apr 1 3905/3925-4035/4055 condors, sold yesterday for 1.15
#SPX7dteLong Expected to expire with max credit of 20.00: Apr 1st 3980/4000 call spreads. Condors bought Monday for 15.60
LABU Put Roll
Bought to close 1 LABU 04/01/2021 75.0 Put @ 0.05. Sold this on a rolldown last Thursday @ $5.92
Replaced it with 1 LABU 04/09/2021 70.0 Put @ $1.25
LABU
#ShortPuts – Another one for safety.
Bought to Close LABU APR 1 2021 80.0 Put @ .40 (sold for 2.20)
Sold LABU APR 16 2021 72.5 Put @ 3.20
EDIT: Last one this week in this ticker. Going out a week and down.
Rolled LABU APR 1 2021 85.0 Put to APR 9 2021 81.0 Put @ .15 credit
TQQQ
#ShortPuts -This was one I had to roll from the the beginning of the ladder. Taking it here on the bounce.
Bought to Close TQQQ APR 23 2021 79.0 Put @ 1.25 (sold for 3.05)
more SOXL
#ShortPuts – Taking all the rest of them off. With the big moves this thing can make not worth holding 2 more weeks.
Bought to Close SOXL APR 16 2021 32.0 Puts @ .37 (sold for 2.65)
Bought to Close SOXL APR 16 2021 33.0 Puts @ .45 (sold for 3.10)
Bought to Close SOXL APR 16 2021 34.0 Puts @ .56 (sold for 3.80)
LABU
#ShortPuts – Closing and opening. Filled on the bounce and filled on the dip.
Bought to Close LABU APR 1 2021 75.0 Put @ .05 (sold for 2.80)
Sold LABU APR 16 2021 72.5 Puts @ 3.00
SOXL again
#ShortPuts – Booking a couple more in each expiration. Still a lot (for me) left.
Bought to Close SOXL APR 16 2021 32.0 Puts @ .40 (sold for 2.65)
Bought to Close SOXL APR 16 2021 33.0 Puts @ .50 (sold for 3.10)
Bought to Close SOXL APR 16 2021 34.0 Puts @ .63 (sold for 3.80)
TLRY
The short calls have done their work for this week, so I covered at a slight gain and rolled them up above some of my short puts for next week.
Bought to close TLRY Apr 01 2021 23.0 Calls at 0.30 average price.
Sold TLRY Apr 09 2021 25.5 Calls at $0.52
Sold TLRY Apr 09 2021 26.0 Calls at $0.50
ABNB
SOXL
#ShortPuts – This position is a little over sized so taking a couple off.
Bought to Close SOXL APR 16 2021 35.0 Puts @ .77 (sold for 2.65)
NFLX
#ShortPuts – Taking it a couple weeks early on the nice run up.
Bought to Close NFLX APR 16 2021 465.0 Put @ .88 (sold for 3.50)
ENPH
Rolled $ENPH Apr-16-2021 195 #CoveredCalls // Apr-22-2021 200 #CoveredCalls @0.50 credit for $5 higher strike
First time I’ve seen weeklies for this symbol.
FSLR FSLY
#ShortPuts – These are just getting back to even from some covered calls that got run over below my basis a few weeks ago. I’ll take them!
Bought to Close FSLR APR 16 2021 75.0 Puts @ .30 (sold for 2.25)
Bought to Close FSLY APR 16 2021 60.0 Puts @ .52 (sold for 1.60)
LABU Scalp
Sold to open LABU Apr 01 2021 85.0 Call at $0.65.
Sold to open LABU Apr 01 2021 90.0 Call at $0.20.
Paired with my 65/70/75 short puts for today
QS
LABU NVDA SPY TAN TQQQ
#ShortPuts – Nasdaq futures right up against resistance so taking a little off the table.
LABU: A few more expiring tomorrow. Have to see where they end up.
Bought to Close LABU APR 1 2021 70.0 Put @ .30 (sold for 2.50)
NVDA: Over half 30 days early. I’ll try to get back in on a down day for pre earnings.
Bought to Close NVDA APR 30 2021 475.0 Put @ 4.10 (sold for 9.75)
SPY: Around half 50 days early.
Bought to Close SPY MAY 21 2021 360.0 Put @ 2.30 (sold for 4.31)
Bought to Close SPY MAY 21 2021 355.0 Put @ 1.95 (sold for 4.10)
TAN: Wild ride in this one.
Bought to Close TAN APR 16 2021 80.0 Puts @ .64 (sold for 1.70)
TQQQ: Taking it early.
Bought to Close TQQQ APR 30 2021 65.0 Put @ .87 (sold for 3.00)
SPX 1 dte
#SPX1dte Expected to expire worthless: $SPX Mar 31st 3880/3900-4020/4040 iron condors, sold yesterday for 1.05
Sold to Open $SPX Apr 1st 3905/3925-4035/4055 iron condors for 1.15, SPX at 3988, IV 13.05%, deltas -.07 +.07
MRVL Puts
#shortputs
$MRVL STO 4/1 48.50 put at .32
$MRVL STO 4/9 48.50 put at .98
UVXY Roll
Bought to close UVXY Apr 01 2021 6.5 Puts / Sold to Open UVXY Apr 09 2021 6.5 Puts at $0.19 Credit
Bought to close UVXY Apr 01 2021 7.0 Puts / Sold to Open UVXY Apr 09 2021 7.0 Puts at $0.13 Credit
TLRY Put Rolldowns
Bought to Close TLRY Apr 01 2021 25.0 Puts / Sold to Open TLRY Apr 09 2021 24.0 Puts at 0.05 Credit.
Bought to Close TLRY Apr 01 2021 28.0 Puts / Sold to Open TLRY Apr 09 2021 27.5 Puts at 0.05 Credit.
SPY Scalp
Sold SPY Mar 31 2021 399.0 Call Limit at $0.30
TAN WYNN MRVL TQQQ Put Close / RIOT WYNN LABU Put Roll
#shortputs
$TAN BTC 4/1 89 put at 1.10. Total credit taken in 2.68. Thank you @fuzzballl
$WYNN BTC 4/1 122 put at .65. STO at 2.13 on Monday
$MRVL BTC 4/1 45 put at .04. STO at 1.00 on 3/26
$TQQQ BTC 4/16 70 put at .83. STO at 1.70.
$RIOT BTC 4/1 60 put and STO 4/9 59 put at even
$WYNN BTC 4/1 136 put and STO 4/16 134 put at .40 debit.
$LABU BTC 4/1 80 put and STO 4/9 77 put at .40 added credit
VXX Put Rolldown
Rolled VXX Apr 01 2021 13.5 Puts down to VXX APR 16 2021 13.0 Puts @ 0.09 Credit and a $0.50 lower strike.
VXX Contango Special
Bought to Open VXX Jun 18 2021 8.0 Puts / Sold to Open VXX Apr 09 2021 11.0 Puts at $0.11 Credit
VXX at 11.60
Short DTE = 10
Long DTE = 80
EWZ Put Close / MARA Put
#shortputs
$EWZ STO 4/16 28 put at .10. STO at .71. Thank you @fuzzballl
$MARA STO 4/1 43 put at 1.20
SPX trades
#SPX7dteLong Bought to Open $SPX Apr 5th 3930/3950-3960/3980 iron condors for 16.10, with SPX at 3956.
#SPX1dte trade will be posted in the comments.
VXX Calls and Puts
Sold VXX Apr 09 2021 14.0 Calls at $0.26
Sold VXX Apr 01 2021 11.5 Puts at $0.16
Bought VXX Jan 21 2022 4.0 Puts Limit at $0.05
TLRY Diagonal Calls
In a bid to improve my short Bull put positions I’m entering some Call spreads, daring the stock to go up.
Bought to open TLRY Apr 23 2021 42.0 Calls / Sold to Open TLRY Apr 01 2021 23.0 Calls at $0.04 Credit.
TLRY = 21.50
Short DTE = 2
Long DTE = 24
Assigned on NUE…..evaluating dividend capture strategy on series of stocks to see if it is scalable…
LABU May
Sold to open $LABU May 21 45 puts @ 2.60
VXX Calls
Sold VXX 04/01/2021 13.0 Diagonal Calls @ 0.31 & 0.34
These expire Thursday
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Apr 1st 3950/3970-3980/4000 iron condors for 15.60, with SPX at 3972. This one only 3 days out, as Friday is Good Friday holiday and market is closed.
VIAC Puts
Sold VIAC 04/01/2021 35.0 Put @ 0.39
Sold VIAC 04/09/2021 35.0 Put @ 0.65
#tqqq btc TQQQ 16 APR…
#tqqq
btc TQQQ 16 APR 21 70 PUT @1.05 sto 1.81
btc TQQQ 16 APR 21 65 PUT @.65 sto 1.50
btc TQQQ (Weeklys) 9 APR 21 65 PUT @.31 sto 1.61
btcTQQQ (Weeklys) 30 APR 21 55 PUT @.64 sto 1.60
btc TQQQ 100 (Weeklys) 9 APR 21 75 PUT @.99 sto 2.60
reload another day
reduce risk
TQQQ,
BTC April 16, 70 puts at 1.28, sold at 1.68
BTC April 16, 65 puts at .76, sold at 1.20
TQQQ,
BTC May 7, 60 puts at 1.35, these were sold at 1.40 on Friday
BTC May 7, 65 puts at 2.00, I also sold these at 2.20 in my IRA. I don’t like this market right now.
TQQQ,
STO June 18, 110 call at 3.35
LABU Diagonal Put
Bought to open 1 LABU Apr 30 2021 40.0 Put / Sold to Open 1 LABU Apr 01 2021 60.0 Put at 0.40 Credit.
LABU = 71
Short DTE = 3 (no trading Friday)
Long DTE = 32
TQQQ
#ShortPuts – Position had gotten pretty small so throwing one out at the back of the ladder.
Sold TQQQ MAY 7 2021 70.0 Put @ 2.85
SPXit
#SPX7dteLong Sold to close $SPX Mar 29th 3945/3965 call spreads for 10.00. Going to look for a low to sell put side.
Condors bought for 15.80 last Tuesday.
VIAC Diagonal Put
Bought to open 1 VIAC Apr 16 2021 30.0 Put / Sold to open 1 VIAC Apr 01 2021 40.0 Put @ 0.71 Credit
Assigned on SDC
MARA Put Roll / Expiration / Assigned (I keep staring at first three letters)
#shortputs
$MARA BTC 3/26 42 put and STO 4/16 39 put at added 60 credit and 3 lower if assigned
#optionsexpiration
$TQQQ 110 Call Thank you @jsd501
#assigned
$WYNN 140 put
$PENN 111 put
$NIO 35 call
$SNOW 215 call Too bad I rolled down yesterday from $230. C’est la guerre
Have a pleasant weekend. Thanks to all who toil in @jeffcp66‘s wonderful vineyard.
SPX trades
#SPX7dteLong Sold to close $SPX 3940/3960 call spreads for 7.10. Combine with puts this morning, 12.10 in sales for 3.70 loss.
More coming in comments
VXX Call Rollups
Bought to close VXX Mar 26 2021 13.0 Calls / Sold to Open VXX Apr 01 2021 13.5 Calls at $0.19 Credit
Bought to close VXX Mar 26 2021 13.5 Calls / Sold to Open VXX Apr 01 2021 14.0 Calls at $0.15 Credit
**Partial positions
TQQQ,
STO May 7, 65 puts at 2.20 in my IRA
STO May 7, 60 puts at 1.40 in my trading account.
BIIB SLV UVXY
#ShortPuts #CoveredCalls – Cleaning up a few annoying positions this week.
BIIB: Stock being called away at 260.0 (basis 269.0) Pretty good recovery from the Nov 4th craziness. Replacing with a pre-earnings put sale.
Sold BIIB APR 16 2021 260.0 Put @ 4.30
SLV: Not worth holding on to. Taking the small loss.
Sold SLV Shares @ 23.23 (basis 23.90)
UVXY: Position sizes are small enough now I’m letting the hedge go. A loss but that is typical for my hedges.
Stock will be called away @ 5.50 (basis 6.77)
TLRY Put Roll
Bought to close TLRY Mar 26 2021 25.0 Puts / Sold to Open TLRY Apr 01 2021 25.0 Puts @ 0.49 Credit
GME Spread Roll
On Wednesday I sold 1 GME Mar 26 2021 250 / 200 Bear Call Spread at $1.37 Credit after earnings with GME at 150.
Now that the stock is up to the 200 short strike I’m rolling the entire spread up.
Bought to close 1 GME Mar 26 2021 250.0/200.0 Bear Call Spread @ $6.57 Debit and
Sold to open 1 GME Apr 01 2021 300.0/250.0 Bear Call Spread @ $6.86 Credit.
I’ll have to wait another week but the short strike is 50 points higher.
Meanwhile I have short strike 80 and 50 puts expiring today.
TQQQ Put Close / MRVL LABU Put / TAN Put Roll
#shortputs
$TQQQ BTC 4/1 75 put at .50. STO at 1.55. Thank you @fuzzballl
$MRVL STO 4/1 45 put at 1.00
$LABU STO 4/1 65 put at 1.51 Thank you @optioniceman
$TAN BTC 3/26 90 put and STO 4/1 89 put at .55 added credit and $1 less if assigned
VXX Calls
Bought to close VXX Mar 26 2021 12.5 Calls Limit at $0.01. They won’t trade any lower.
Sold on 3/23 at an average price of 0.35
AMC Roll
Bought to close AMC Mar 26 2021 15.5 Call / Sold to Open AMC Apr 01 2021 15.5 Call at $0.40 Credit.
SPX exit trades
#SPX7dteLong Looks like a tough day for this one as SPX price currently in the dead zone. Sold to close $SPX March 26th 3930/3910 put spreads for 5.00. Condors bought for 15.80 on Monday. Hopefully will be a bullish day and can get something strong for the call side.
#SPX1dte STOPPED – Bought to close Mar 26th 3950/3970 call spreads for 1.35. Condors sold for 1.10 yesterday. It hit my stop (expected move) but was still closeable at only a small loss. Part of the problem with this one today was I sold it yesterday with 2 hours remaining, and market spiked upward into close. First time I’ve had to stop out of this trade since March 3.
VXX & UVXY Put Rolls
Bought to close UVXY Mar 26 2021 6.5 Puts / Sold to Open UVXY Apr 01 2021 6.5 Puts at $0.18 Credit.
Bought to close VXX Mar 26 2021 13.0 Puts / Sold to Open VXX Apr 01 2021 13.0 Puts at $0.15 Credit.
LABU
Bought to close 1 LABU Mar 26 2021 75.0 Put at $0.97. Sold this on 3/23 @ 1.31.
To replace it I sold to open 1 LABU Apr 01 2021 65.0 Put at $1.27. The new strike is outside the recent trading range and 10 points lower.
AMZN IC
Sold $AMZN 4/16 2900/2910/3250/3260 iron condor @ 3.50. Leaning a bit long with short puts at 26 delta, short calls at 17 delta.
SPX trades
LABU rolldown
Thanks to a nice bounce in LABU today I was able to do a significant rolldown to next week.
Bought to Close 1 LABU Mar 26 2021 80.0 Put / Sold to Open 1 LABU Apr 01 2021 75.0 Put at $0.30 Credit.
Also – Bought to open 1 LABU Apr 23 2021 45.0 Put / Sold to Open 1 LABU Mar 26 2021 70.0 Put @ 0.09 Credit to grab some additional time premium for this week.
I’ve got 105 & 110 short Calls expiring tomorrow as well.
VXX Calls
Rolled down my VXX Mar 26 2021 15.0 Calls to VXX Mar 26 2021 13.0 Calls for a $0.30 additional Credit.
NFLX pre earnings
#ShortPuts – Selling the week before earnings, outside the expected move, below the 200 day, and below recent lows. What could possibly go wrong? 🙂
Sold NFLX APR 16 2021 465.0 Put @ 3.50
AMC
Rolled AMC Mar-26-2021 15 #CoveredCalls // Apr-09-2021 @0.50 credit.
Options Bistro 