Roll $PTON Mar-26-2021 120 #CoveredCalls // Apr-16-2021 @2.05 Credit.
Recent Updates Page 152
SPY
#ShortPuts – Adding to the ladder.
Sold SPY MAY 21 2021 355.0 Put @ 4.10
OSTK
#CoveredCalls – Rolling out and down slightly. Still managing to sell slightly above my basis.
Rolled OSTK MAR 26 2021 68.0 Calls to APR 1 2021 66.0 Calls @ 1.65 credit.
VXX Calls
Rolled down my VXX Mar 26 2021 16.0 Calls to VXX Mar 26 2021 13.5 Calls for a $0.17 additional Credit
Rolled down my VXX Mar 26 2021 15.5 Calls to VXX Mar 26 2021 13.0 Calls for a $0.25 additional Credit.
I’ve got short puts at those strike too so now they are straddles for tomorrow.
ROKU SNOW
#ShortPuts #CoveredCalls – Some fairly aggressive roll downs so that could signal a bottom in some of these. 🙂 🙂 Still long deltas though.
ROKU: Basically a covered call selling against a DITM short put.
Rolled ROKU APR 1 2021 350.0 Call to APR 1 2021 325.0 Call @ 4.20 credit
SNOW: Covered.
Rolled SNOW MAR 26 2021 215.0 Call to APR 1 2021 200.0 Call @ 9.60 credit
Rolled SNOW MAR 26 2021 215.0 Call to APR 1 2021 205.0 Call @ 6.55 credit
Why we do covered calls….
Closed Position on MOS….IC rescued CC
Closed MU Position
REGN Put
Sold 1 REGN 04/16/2021 410.00 Put @ 1.55.
Strike at last February’s blast off point
52W Range 424.01 – 664.64
SPY
Sold to open 1 SPY Mar 26 2021 385 Put at $1.14.
2 DTE
WIX Call Roll
#coveredcalls
$WIX BTC 4/16 320 call and STO 4/16 300 call at added credit of 3.80
VXX Calls
Sold VXX Mar 26 2021 13 Calls Net Credit at $0.18
VXX at 12.50
NVDA pre earnings
#ShortPuts – Jumping back in this one. Selling near the expected move and around recent lows. This should be one or two weeks prior to earnings. Filled immediately at slightly better than mid so can probably do better.
Sold NVDA APR 30 2021 475.0 Put @ 9.75
TQQQ,
STO April 23, 110 calls at .95
STO April 30, 110 calls at 1.30
MRVL Put Close
#shortputs
$MRVL BTC 4/16 46 put at 1.80. STO at 6.66
TQQQ
Sold to open $TQQQ 4/23 70 puts @ 2.20
O.T.
I guess most everyone in in their bunker because i don’t see much trading going on here or in the other sites that I follow.
GME Calls
Bought to open 1 GME Mar 26 2021 250 Call / Sold to Open 1 GME Mar 26 2021 200 Call at $1.37 Credit.
GME is at 150.
No additional Margin because I was already short a 30/80 put spread with the same requirements.
Maybe the earnings report brought home a bit of reality for the crazy bullish traders.
TQQQ
#ShortPuts – Bought to Close TQQQ APR 16 2021 65.0 Put @ .88 (sold for 3.35)
LAZR
#ShortPuts – A little more size reduction.
Bought to Close LAZR APR 9 2021 27.0 Puts @ 1.72 (sold for 2.15)
ROKU
#ShortPuts #ShortCalls – This week’s sale looks fine so adding next week. Selling against a DITM short put out in June.
Sold ROKU APR 1 2021 350.0 Call @ 6.20
LAZR
Rolled LAZR Mar-26-2021 30 #ShortPuts // Apr-01-2021 @.32 Credit.
A bright spot on down day…..
SPY
#ShortPuts – Going out to May and starting a new ladder near the 200 day and lower.
Sold SPY MAY 21 2021 360.0 Put @ 4.31
LABU Put Spread & re-write
Bought to open 1 LABU Apr 23 2021 55 Put / Sold to Open 1 LABU Mar 26 2021 80.0 Put at $0.55 Credit.
This pairs off with the LABU Call spreads I sold yesterday at 105 & 110
LABU is 85, down almost 19 points.
Also sold 1 LABU Mar 26 2021 75.0 Put at $1.31 against a long April 45.0 Put left over from an earlier spread.
#DoubleDip
LAZR TQQQ
#ShortPuts – Booking a few more taking a little risk off.
LAZR:
Bought to Close LAZR APR 1 2021 26.5 Puts @ .60 (sold for 1.45)
Bought to Close LAZR APR 9 2021 25.5 Puts @ .70 (sold for 1.50)
TQQQ:
Bought to Close TQQQ APR 1 2021 75.0 Puts @ .75 (sold for 1.50)
Bought to Close TQQQ APR 9 2021 75.0 Puts @ 1.45 (sold for 2.85)
GME Put
Sold 1 GME Mar 26 2021 50.00 Put @ 0.52.
GME is 181 right now
#tqqq STO TQQQ , 21…
#tqqq
STO TQQQ , 21 MAY 21 65 PUT @2.70
NVDA
#ShortPuts – Taking this one a few weeks early on the run up to resistance. Looking now for a pre earnings play on any weakness.
Bought to Close NVDA APR 16 2021 470.0 Put @ 2.85 (sold for 6.40)
LAZR
#ShortPuts – Adding.
Sold LAZR APR 16 2021 27.0 Put @ 1.40
Sold LAZR APR 16 2021 26.5 Put @ 1.25
Sold LAZR APR 16 2021 26.0 Put @ 1.05
SPX trades
#SPX7dteLong Bought to Open $SPX Mar 29th 3915/3935-3945/3965 iron condors for 15.80, with SPX at 3940.
More to come in comments.
COUP LABU OSTK
#ShortPuts – Booking and adding…
COUP: Taking it a few weeks early.
Bought to Close COUP APR 16 2021 220.0 Put @ 1.25 (sold for 4.50)
LABU: Adding.
Sold LABU APR 16 2021 70.0 Put @ 3.10
OSTK: Adding.
Sold OSTK APR 16 2021 60.0 Put @ 2.00
AMC TSLA
Rolled $AMC Mar-26-2021 14 #shortputs // Apr-01-2021 @0.35 credit
Holding $AMC 15 Covered Calls for the moment.
Rolled $TSLA Mar-26-2021 680/690 #BuPS // Apr-01-2021 @.73 Credit.
Holding $TSLA Mar-26-2021 750/760 #BeCS but looking for close or roll opportunities.
VXX Calls
Sold VXX Apr 16 2021 18.0 Calls at $0.29
Sold VXX Apr 09 2021 15.5 Calls at $0.33
Sold VXX Apr 01 2021 13.5 Calls at 0.30, 0.31 & 0.32
Sold VXX Mar 26 2021 12.5 Calls at $0.26, 0.37 & 0.38
Sold VXX Mar 26 2021 13.5 Call at $0.12 & 0.13
Paired off with short put spreads and sold against May long calls.
GME Put Spread
Bought to open 1 GME Apr 30 2021 30.0 Put / Sold to Open 1 GME Mar 26 2021 80.0 Put at $0.30 Credit
Closing ORCL
Bought to close $ORCL 4/16 65 puts @ .64. Sold for 1.92 on 3/11.
ETF Distributions | Direxion
TQQQ,
STO May 21, 50 puts at 1.05
Just back from the gym.
STO LABU, April 23, 65 puts at 1.60
SPX trades
#SPX7dteLong Sold to close $SPX Mar 22nd 3960/3940 put spreads for 17.75, at five minutes before the close. Got a lucky pullback on this one. Condors bought for 16.10 last Tuesday.
#SPX1dte Expiring: Mar 22nd 3820/3840-3995/4015 condors, sold Friday for 1.00
LABU,
STO April 23, 70 puts at 2.20
SPY
Sold 1 SPY Mar 24 2021 395 Call at $1.11 against some April long calls left over from old spreads.
#DoubleDip
TQQQ,
STO June 18, 45 puts at 1.28
LABU
Sold 1 LABU Mar 26 2021 110 Call at $3.20 against my existing long April 135 Call.
#DoubleDip as last week’s short strike 100 call expired Friday.
MARA
#ShortPuts – Taking these three weeks early.
Bought to Close MARA APR 16 2021 25.0 Puts @ .56 (sold for 1.93)
OSTK
#ShortPuts – Sold OSTK APR 16 2021 60.0 Puts @ 1.60
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Mar 26th 3910/3930-3940/3960 iron condors for 15.80, with SPX at 3936.
TQQQ Puts Close / PENN DKNG Puts / PENN BUPS / WIX DKNG CC
#shortputs
$TQQQ BTC 4/1 75 put at .90. STO at 3.00
$TQQQ BTC 4/16 50 put at .40. STO at 1.55 Thank you @jsd501
$PENN STO 3/26 111 puts at 2.50
$PENN STO 3/26 115 puts at 4.20
#bups
$PENN STO 4/16 100/110 BUPS at 3.42
#coveredcalls
$WIX STO 4/16 320 call at 6.00
$DKNG STO 4/16 75 call at 3.80
LABU New Diagonal
Bought to open 1 LABU Apr 23 2021 135 Call / Sold to Open LABU Mar 26 2021 105 Call @ 1.30 Credit.
LABU is at 101
GME – Exit the long Call
Sold to close 1 GME Mar 26 2021 350 Call at $6.55
On Wednesday, March 10, 2021 I set up a GME Diagonal Call Spread:
Bought to open 1 GME Mar 26 2021 350.0 Call / Sold to Open 1 GME Mar 19 2021 250.0 Call @ 7.63 Credit.
The short position expired Friday.
Total Credit = 14.18
TQQQ,
STO April 23, 110 calls at 1.31
Update on SDC Covered Call Strategy after 422 Days….
https://coveredcallswithjeff.wordpress.com/2021/03/21/covered-call-strategy-with-sdc-smile-direct-club-after-422-days-144230-unrealized-profit-123-return-or-107-annualized-return/
Smile Direct Club has been a good candidate for writing covered calls against. The weekly option premiums are excellent. To date the combination is generating a return of 123% or 107% annualized. Stock price has dropped significantly from Jan ($14+) to Mar ($11). Option premiums have helped offset some of lost profit on the stock. Overall this remains one of our key positions.
Assigned on INMD, good trade but wasn’t ready for the shares to get called yet
https://coveredcallswithjeff.wordpress.com/2021/03/20/assigned-on-inmd-profit-of-6675-in-66-days-25-return-or-140-annualized/
Expiration
#optionsexpiration
$SENS 5 call
$SRAX 7.5 call
$NNDM 15 call
$SNOW 245 call
$TQQQ 27.5 put
$TQQQ 55 put Thank you @jsd501 for both of these
$PFE 34 put Thank you @xylin00
$DKNG 60 put
$DKNG 68 put
$GME 175 put
Enjoy the weekend. I’m resting. Don’t know about anyone else.
Options Expiration
Free Lottery tickets that didn’t pay off –
Along with all the short positions listed below, a lot of old long hedges(fully paid for by earliers short positions) are rolling off today.
My account positions page will look much cleaner after today:
AMC 2.0 Puts, GILD 42.50/45.0/47.50 Puts, GME 6.0 Puts, INTC 22.50/27.50 Puts/ SLB 35.0/37.50 Calls / TLRY 13.0/14.0/17.0 Puts / UVXY 6.0 Puts / VXX 45/50/52/54/55/59/60 Calls & 10/11 Puts / WFC 47.50 Calls
== Shorts Expiring ==
CALLS:
GME 03/19/2021 230/300 Bear Call Spread
GME 03/19/2021 250.0 Diagonal Call
GME 03/19/2021 290.0 Diagonal Call
LABU 03/19/2021 100.0 Diagonal Call (barely)
SLB 03/19/2021 30.0 Diagonal Calls
SPY 03/19/2021 399/401 Bear Call Spread
SPY 03/19/2021 391.0 Diagonal Call
TLRY 03/19/2021 30.0 Diagonal Calls
TLRY 03/19/2021 32.50 Diagonal Call
VXX 03/19/2021 23.0/13.50 Bear Call Spreads
VXX 03/19/2021 25.0/14.00 Bear Call Spreads
VXX 03/19/2021 34.0/14.50 Bear Call Spreads
VXX 03/19/2021 35.0/15.00 Bear Call Spreads
VXX 03/19/2021 36.0/15.50 Bear Call Spreads
VXX 03/19/2021 37.0/16.00 Bear Call Spreads
VXX 03/19/2021 38.0/16.00 Bear Call Spreads
PUTS:
GME 03/19/2021 10.0/110.0 Bull Put Spread
GME 03/19/2021 6.0/50.0 Bull Put Spread
GME 03/19/2021 6.0/45.0 Bull Put Spread
PRGO 03/19/2021 37.50 Short Put
SPY 03/19/2021 387.0 Diagonal Put
TQQQ 03/19/2021 50.0/61.0 Bull Put Spread
TQQQ 03/19/2021 62.0 Diagonal Put
VTRS 03/19/2021 12.50 Short Puts
== Assignments ==
WFC 03/19/2021 29.0 Covered Calls
GME Call Spread finally works
Two weeks ago I put on a GME Bearish Diagonal spread
Bought 1 GME 03/19/2021 300 Call / Sold 1 GME 03/12/2021 200 Call @ 4.40 Credit.
Last Friday I rolled up the short that was in the money:
Bought to close GME Mar 12 2021 200.0 Call / Sold to Open 1 GME Mar 19 2021 230.0 Call @ 2.20 Credit.
So the total Credit was 6.60
I could close the short 230.0 Call @ 0.01 but with only 5 minutes until the close I think I’ll let it expire.
LAZR
#ShortPuts – Taking a lot of risk off.
Bought to Close LAZR MAR 26 2021 26.5 Puts @ .25 (sold for 2.20)
Bought to Close LAZR MAR 26 2021 27.0 Puts @ .34 (sold for 1.42)
Bought to Close LAZR MAR 26 2021 27.5 Puts @ .40 (sold for 1.78)
SPX 1-dte
#SPX1dte Sold to Open $SPX Mar 22nd 3820/3840-3985/4005 iron condors for 1.00, SPX at 3924, IV 11.1%, deltas -.06 +.05
AMC Calls
Bought to close 1 AMC 03/19/2021 14.00 Diagonal Call @ 0.01. Sold @ 1.70 this week.
Visa
V is down 5% today
GME
About an hour to go and I’m still waiting to cover my 230, 250 and 290 short calls
Geesh!
GME at 206
SPX trades
#SPX1dte Expected to expire: 3795/3815-3995/4015 condors, sold yesterday for 1.20
Summary of week: Mon/Wed/Fri all expired worthless, total credit of 3.30.
#SPX7dteLong Call side fizzled so 11.00 from put side yesterday will be it… condors bought for on Monday 15.60
Summary of week: Monday +2.80, Wednesday +3.35, Friday -4.70… Net +1.45
This week’s expirations
5 wins, 1 loss, Total P/L combined: +4.75
WYNN WATT Puts Roll
#shortputs
$WYNN BTC 3/19 137 put and STO 4/1 136 put at added 3.13 credit
$WATT BTC 3/19 4.50 put and STO 4/16 4 put at even
SNOW
#CoveredCalls – Same position in two accounts.
Rolled SNOW MAR 19 2021 215.0 Calls to MAR 26 2021 215.0 Calls @ 3.80 credit
RIOT Put Roll / TSLA BUPS Close
#shortputs
$RIOT BTC 3/19 62 put and STO 3/26 62 put at added 3.57 credit
#bups
$TSLA BTC 3/19 580/590 BUPS at .05. STO at 1.90. Thank you @ramie77
TLRY Put Rolldown
Bought to close TLRY Mar 19 2021 27.0 Puts / Sold to Open TLRY Mar 26 2021 25.0 Puts @ 0.18 Credit plus a 2 point drop in the short strike.
That puts the strike from an in the money to an out of the money position for next week.
I’ve also got TLRY 30 and 32.5 short calls expiring today 🙂
TQQQ
Bought to close 1 TQQQ Mar 19 2021 63 Put at $0.01. Sold at 1.06 on 03/03.
Letting my short 62 put and short 61 put expire.
QQQ,
I am looking at the chart and in the last year the 300 level has been resistance or support 5 times on the daily chart. The 20 day MA is below the 50 day MA and trending down while the 50 day is flat. The 150 day MA is at 299 and I think if we break below 300, the market is in big trouble. IMHO.
NVTA CC Roll / MARA PINS Puts Close / SNOW Call / NNDM Puts Roll
#coveredcalls
$NVTA BTC 3/19 45 call and STO 4/16 45 call at 2.18 extra credit.
$SNOW STO 3/26 230 call at $4
#shortputs
$MARA BTC 3/19 42 put at .50. STO at $3 on 3/15.
$PINS BTC 3/19 65 put at .05. STO at $1.30 on 2/5. Thank you @fuzzballl
$NNDM BTC 3/15 12.50 put and STO 4/16 12.50 put at added credit of .68
DDOG,
STO April 16, 85 calls at 3.70
BABA,
STO April 16, 240 calls at 9.40
I am selling because I will be assigned on both.
SOXL
#ShortPuts – Everything rolled so free to rally now. 🙂 🙂 Just couldn’t quite get over the hump.
This was originally pre-split 525.0 strike @ 24.00. After 15:1 it’s now 35 strike @ 1.60. Breaking it up and rolling it into a ladder for next month.
Rolled SOXL MAR 19 2021 35.0 Puts to APR 16 2021 34.0 Puts @ 2.10 credit (3.70 total now)
Rolled SOXL MAR 19 2021 35.0 Puts to APR 16 2021 33.0 Puts @ 1.60 credit (3.20 total now)
Rolled SOXL MAR 19 2021 35.0 Puts to APR 16 2021 32.0 Puts @ 1.05 credit (2.65 total now)
BIIB OSTK PLTR SNOW
#ShortPuts #CoveredCalls – Rolling everything for decent credit.
BIIB: Covered…rolling for more premium but keeping some downside protection.
Rolled BIIB MAR 19 2021 260.0 Call to BIIB MAR 26 2021 260.0 Call @ 4.20 credit
OSTK: Covered…rolling for more premium but keeping some downside protection.
Rolled OSTK MAR 19 2021 68.0 Calls to MAR 26 2021 68.0 Calls @ 1.30 credit
PLTR: Rolled short puts out and down to various expirations over next 3 weeks.
Basis if assigned on everything will be around 25.10
SNOW: Too close to call. 215 covered calls for today.
TQQQ,
BTC March 19, 60 puts at .01, sold at 2.70
It looks like I will be assigned on BABA and DDOG after the close.
TQQQ,
BTC March 19, 55 puts at .01, sold at .24 and it was a mistake when I did it.
VXX Puts Closed
Bought to close VXX 03/19/2021 12.50 Puts @ 0.01. They won’t trade any lower.
Sold at an average of 0.15 over the last week.
Also liquidated my long VXX 03/19/2021 14.0 Puts @ 0.73.
Bought these 09/09/2020 @ 0.64 & 0.71 and 10/08/2020 @ 0.56 and have been writing WEEKLY against them ever since.
Options Bistro 