Bought to Close UVXY Mar 19 2021 7.5 Puts / Sold to Open UVXY Mar 26 2021 7.0 Puts @ Even but a 0.50 lower strike.
Not a lot of risk here since my long hedges are April and June 5.0 Puts
Recent Updates Page 153
TQQQ
Bought to close TQQQ Mar 19 2021 65 Puts at $0.01. Sold at 1.45 average price on 03/03/2021
LABU
What happened???
90.68 -15.23 (-14.38%)
#TQQQ right at bell sto…
#TQQQ
right at bell
sto TQQQ ,30 APR 21 55 PUT @1.60
sto -1 TQQQ , 9 APR 21 65 PUT @1.61
VXX Put rolldown
Bought to close VXX Mar 19 2021 13.50 Puts / Sold to Open VXX Mar 26 2021 13.00 Puts at even money
The extra 0.50 on the short strike makes a big difference in the breakeven.
VXX range today was 12.86 to 13.33 so far.
UVXY put rolldown
Bought to close UVXY Mar 19 2021 7.00 Puts / Sold to Open UVXY Mar 26 2021 6.5 Puts at $0.02 Credit.
Not waiting to see if the 7.0 Puts might expire tomorrow and the extra 0.50 on the short strike makes a big difference in the breakeven.
UVXY range today was 6.59 to 7.17 so far.
TQQQ
Bought to open 1 TQQQ Apr 30 2021 50 Put / Sold to Open 1 TQQQ Mar 26 2021 76 Put at $0.20 Credit.
I expect to get several writes against the long Put.
Short DTE = 8
Long DTE = 43
TQQQ is at 88
SPX trades
#SPX7dteLong Bought to Open $SPX Mar 24th 3935/3955-3965/3985 iron condors for 15.75, with SPX at 3962.
Will post #SPX1dte trade as a comment below here.
#tqqq sto TQQQ 9 APR…
#tqqq
sto TQQQ 9 APR 21 75 PUT @2.60 AMEX
SPXculation
#Speculation Bought to Open $SPX Mar 24th 4000/4020 call spreads for 3.70. Filled earlier at the day’s lows.
NNDM Put Roll / DKNG Put
#shortputs
$NNDM BTC 3/19 12.50 put and STO 4/16 12.50 put at .89 added credit
$DKNG STO 3/19 68 put at .95
TQQQ, Back from the gym.
BTC March 19, 50 puts at .01, sold at 1.29
TQQQ
#ShortPuts – Adding another one.
Sold TQQQ APR 9 2021 75.0 Put @ 2.40
ENPH
Rolled $ENPH Mar-19-2021 195 #CoveredCalls // Apr-16-2021 @3.45 credit.
AMC
Roll $AMC Mar-19-2021 14 #CoveredCalls // 15 Mar-26-2021 @0.80 Credit + $1 better strike
LAZR Earnings
#ShortPuts – Nothing for this week but adding to some others. Earnings today.
Sold LAZR APR 1 2021 26.5 Puts @ 1.25
PTON
Roll $PTON 130 Mar-19-2021 #CoveredCalls // Mar-26-2021 120 @0.65 credit
TQQQ
#ShortPuts – Replacing some that were recently closed.
Sold TQQQ APR 1 2021 75.0 Puts @ 1.50
TQQQ Put Close / MRVL Call Close / T Put Roll
#shortputs
$TQQQ BTC 3/19 70 put at .05. STO at 1.53. Thank you @jsd501.
$T BTC 3/19 30 put and STO 4/19 30 put at added credit of .77
#coveredcalls
$MRVL BTC 3/19 50.50 call at .10. STO at 1.93.
TQQQ
#ShortPuts – Looking for weakness now to add further out.
Bought to Close TQQQ MAR 26 2021 75.0 Put @ .52 (sold for 2.25)
Bought to Close TQQQ APR 1 2021 70.0 Put @ .65 (sold for 2.20)
SPY Bull Diagonal
Bought to open 1 SPY Apr 09 2021 355.0 Put / Sold to Open 1 SPY Mar 19 2021 387.0 Put @ 0.07 Credit.
I should be able to get 4 or 5 re-writes against this long put if the first one expires Friday.
VXX Calls
The Fed killed the VIX rally and spiked the market higher. So I sold another set of calls against calls already long in the account and due to expire Friday:
VXX Mar 19 2021 13.50 Calls @ $0.40
VXX Mar 19 2021 14.00 Calls @ $0.28
VXX Mar 19 2021 14.50 Calls @ $0.19
SPX trades
#SPX7dteLong. Thank you, Fed. Sold to close $SPX Mar 17th 3960/3980 call spreads for 13.00. Combined with the 7.00 I sold the put side for: total credit is 20.00. I had planned to go for more, but the spike went up too fast and I wasn’t able to adjust my limit order in time.
#SPX1dte Expected to expire: Mar 17th 3870/3890-4020/4040 condors, sold yesterday for 1.10.
My Reddit Fueled Silver Saga (SLV)
#BullPutSpreads #CoveredCalls – I got caught up in the reddit craze when it looked like they might go after silver next. First trade was ITM bull put spreads going very directional.
Feb 1st: Sold March 19th 30/25 BuPS @ 3.30
It didn’t take long to see that this was never going to work. To minimize losses I sold bear call spreads right over the top of the put spreads.
Feb 23: Sold March 19th 25/30 BeCS @ 1.10
The call sales eliminated any chance of the trade being a winner but cut max loss down to 60 cents. That’s where I was going to let it end until today. I knew all along there was a decent chance the short 30 puts could get exercised early so on to plan B when that happened today. 🙂 🙂
After the early assignment I closed the 25 strike leftover long puts for additional credit.
Mar 17: Sold to close Mar 19th 25 puts @ .95
This leaves the short 25 strike calls that were sold on Feb 23rd as a covered call position on the stock. I don’t believe the 25 strike short calls will get hit this week (we’ll see). I do have a tight stop on them since I sold next week’s calls already against the stock.
Mar 17th: Sold Mar 26th 23.5 calls @ .95
All said and done the position was assigned at 30 and I’ve collected 6.30 in premium. This leaves the stock at a basis of 23.70 covered at 23.50. If needed one more roll of the calls should get the overall position to even.
I’m not sure it helps anyone but it helped me to review it all!
EDIT: Update while typing this…stopped out of this week’s 25 strike calls @ .15 so stock basis now 23.85
COUP post earnings
#ShortPuts -Jumping back in this one. Selling the expected move and down near 52 week lows. Strike sold is about 40 percent off all time high.
Sold COUP APR 16 2021 220.0 Put @ 4.50
Closing EWZ
Bought to close $EWZ Apr 16 30/35/36 jade lizard @ .80. Sold for 1.27 on 3/1.
REGN ROKU
#ShortPuts – Booking and selling.
REGN: Taking it early after a nice run up to the 50 day.
Bought to Close REGN APR 16 2021 435.0 Put @ 3.00 (sold for 7.40)
ROKU: This week looks safe so selling next week. A little early on this one. Selling against a DITM put.
Sold ROKU MAR 26 2021 365.0 Call @ 6.60
SPX 7-dte
#SPX7dteLong Sold to close $SPX Mar 17th 3950/3930 put spreads for 7.00. Betting on a rise into the close so I can close call side. Condors bought for 16.65 last Thursday.
SPX trades
#SPX1dte Sold to Open $SPX Mar 17th 3870/3890-4020/4040 iron condor for 1.10, SPX at 3965, IV 14.8%, deltas -.06 +.06
#SPX7dteLong Bought to open $SPX Mar 22nd 3940/3960-3970/3990 iron condors for 16.10, with SPX at 3966.
NVDA
#ShortPuts – Replacing the one closed earlier on the bounce. Selling at the expected move, below the 200 day, and near recent lows. Also, well before earnings.
Sold NVDA APR 16 2021 470.0 Put @ 6.40
VXX Calls
One last set of writes against calls already long in the account and due to expire Friday:
VXX Mar 19 2021 14.0 Calls @ $0.27
VXX Mar 19 2021 14.5 Calls @ $0.20
VXX Mar 19 2021 15.0 Calls @ $0.16
VXX Mar 19 2021 15.5 Calls @ $0.12
VXX Mar 19 2021 16.0 Calls @ $0.10
TSLA
TAN
#ShortPuts – Another add…
Sold TAN APR 16 2021 80.0 Put @ 2.00
MARA
#ShortPuts – First time in this one. Staying small…
Sold MARA APR 16 2021 25.0 Puts @ 1.93
SOXL
#ShortPuts – Adding…
Sold SOXL APR 16 2021 35.0 Put @ 3.00
NEO Put Roll / OLLI CC Roll
#shortputs
$NEO BTC 3/19 55 put and STO 4/16 55 put at added credit of 1.30
#coveredcalls
$OLLI BTC 3/19 90 call and STO 4/16 95 call at .30 added cost but gain $5 if called away as consumers start to spend.
AMC
Roll $AMC Mar-19-2021 14 #NakedPuts // Mar-26-2021 @1.10 Credit
Holding Mar-19-2021 14 #CoveredCalls
UVXY
The next split is overdue
Date / Ratio
03/08/2012 — 1 for 6
09/07/2012– 1 for 10
06/10/2013 — 1 for 10
01/24/2014 — 1 for 4
05/20/2015– 1 for 5
07/25/2016– 1 for 5
01/12/2017 — 1 for 5
07/17/2017– 1 for 4
09/18/2018– 1 for 5
GME Put
Sold 1 GME Mar 19 2021 45.0 Put at $0.38
SOXL
#ShortPuts – Don’t want this thing running away so throwing a starter out there for next month. Still sitting on a bunch of 35’s for Friday also.
Sold SOXL APR 16 2021 35.0 Put @ 2.85
LAZR
#ShortPuts – First ever earnings on Thursday. Position got a little too big so taking some before the announcement.
Bought to Close LAZR MAR 19 2021 25.0 Puts @ .28 (sold for 1.35)
TDOC
#ShortPuts – Taking the quickie a month early. Still seeing a lot of overhead resistance.
Bought to Close TDOC APR 16 2021 165.0 Put @ 2.20 (sold for 5.10)
TQQQ,
STO April 16, 65 puts at 120
STO April 16, 70 puts at 1.68
Getting back into some positions. Tech is back in favor.
TAN
#ShortPuts – Making some adjustments on one of my “infrastructure” plays. Taking small profits on nearer term and setting up a starter position at lower strikes. Hoping to really be able to add to it.
Bought to Close TAN MAR 19 2021 90.0 Put @ .55 (sold for 1.31)
Bought to Close TAN MAR 26 2021 90.0 Put @ 1.70 (sold for 1.96)
Sold TAN APR 16 2021 80.0 Puts @ 1.60
NVDA TQQQ
#ShortPuts – Taking a little off for the Fed meeting.
NVDA: Wild ride on this one.
Bought to Close NVDA MAR 19 2021 500.0 Put @ .75 (sold for 4.20)
TQQQ: Thinning it out a little.
Bought to Close TQQQ MAR 19 2021 80.0 Put @ .27 (sold for 2.60)
Bought to Close TQQQ APR 23 2021 60.0 Put @ 1.20 (sold for 4.15)
Despite trying a lot of different strategies in Schwab accounts my IB Account with primarily covered calls is outperforming……
Sort of frustrating to spend most of the trading time managing and experimenting with different trading strategies in my Schwab accounts and have the IB account that I don’t spend much time on outperform by a significant margin. I either need to improve my trading skills or not trade as much!
IB Account Update – Performing much better than larger Schwab accounts where I invest far more time to manage!
Upside Warning in effect
#VIXIndicator An Upside Warning took effect on Monday after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. Expect higher prices in coming days or weeks.
Last two Upside Warnings:
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%
SPY Rollup
A late surge forced me to roll this again
Bought to close 1 SPY Mar 15 2021 396.0 Call / Sold to Open 1 SPY Mar 17 2021 398.0 Call @ 0.58 Credit.
At 3:30 SPY was below 394.60 but rallied 2 points on 30 minutes
GME Puts
Sold to close 1 GME Mar 19 2021 90.0 Put @ 2.87. Bought it Thursday @ 2.85. So just a breakeven.
It was a hedge against a GME 03/12/2022 195.0 Put was sold Thursday @ 2.65 and that expired Friday.
Another #WinWin Spread
TQQQ Put Close
#shortputs
$TQQQ BTC 3/26 75 put at 1.00 STO at 2.35. Thank you @jsd501
Closing TSLA
Bought to close $TSLA 3/19 600/590 bull put spread @ .34. Sold for 2.00 on 2/23.
TLRY
Friday I closed out some TLRY MAR 12 2021 $28.0 short calls @ 0.01 right at the market close.
Today I dumped part of the long position that was hedging the short.
Sold to close TLRY Apr 01 2021 60 Call at $1.37 for a nice gain.
Another #WinWin spread
SPX trades
#SPX7dteLong Bought to Open $SPX Mar 19th 3925/3945-3955/3975 iron condors for 15.60, with SPX at 3945.
Expected to expire with max credit of 20.00: Mar 15th 3900/3925 call spreads. Condors bought last Tuesday for 17.20.
#SPX1dte Expected to expire worthless: Mar 15th 3835/3855-3990/4010 condors, sold Friday for 1.00.
TQQQ
#ShortPuts – Sold TQQQ APR 30 2021 65.0 Put @ 3.00
NNDM MARA WYNN RIOT Put / TQQQ DKNG Put Close / SNOW Call / TSLA BUPS Close
#shortputs
$NNDM STO 3/19 12.5 put at 1.60
$MARA STO 3/19 42 put at 3.00
$MARA STO 3/19 42 put at 5.35
$WYNN STO 3/26 149 put at 4.75
$RIOT STO 3/19 62 put at 4.00
$TQQQ BTC 3/19 80 put at 1.00. STO at 2.65. Thank you @fuzzballl
$DKNG BTC 3/19 55 put at .05. STO at 1.50.
#coveredcalls
$SNOW STO 3/19 245 call at $4.00
#bups
$TSLA BTC 3/19 490/500 BUPS at .10. STO at 1.80. Thank you @ramie77
VXX
Sold VXX Mar 19 2021 13.5 Puts at $0.26.
I’m long the 14 puts for this week already
GME Put
Sold 1 GME MAR 19 2021 $50.0 PUT @ 0.52
Closing CGC
Bougth to close $CGC 3/19 32.50/27.50 bull put spread @ .36. Sold for 1.11 on 2/18.
PTON
Rolled $PTON 129/139 Mar-19-2021 #BuPS // APR-01-2021 128/138 @1.00 Debit.
Still holding Mar-19-2021 $130 #CoveredCalls
RIOT
TLRY
Sold 1 TLRY 03/19/2021 32.50 Diagonal Call @ 1.19. This pairs off with the 32.50 Put I’m already short.
AMC
Closed out the long hedge I had against last Friday’s AMC strike 12 Calls that expired worthless.
Sold to close AMC Apr 01 2021 22.0 Calls at $1.03. Bought them at 0.90 and 1.01 on 03/10
#WinWin on both sides of the spread.
FSLR
#ShortPuts- Small position for my infrastructure play. 🙂 Selling below the 200 day and just inside the expected move.
Sold FSLR APR 16 2021 75.0 Puts @ 2.25
Expirations
#optionsexpiration
$GME 165/175 BECS Total loss
$GME 300/290 BECS Total gain This was placed today. Risky but successful bid to get partial back on above.
$SNOW 240 call (covered)
$TQQQ 65 put Thank you @jsd501
Have a great weekend. Losing an hour sleep this Sunday. Not just me. 😉
SPX trades
#SPX1dte Sold to Open $SPX Mar 15th 3835/3855-3990/4010 iron condors for 1.00, SPX at 3936, IV 10.15%, deltas -.06 +.06
Expiring: Mar 12th 3855/3875-4005/4025 condors, sold yesterday for 1.25
#SPX7dteLong Expiring for max credit of 20.00: Mar 12th 3855/3875 call spreads. Condors bought for 17.70 on Monday.
OSTK
#CoveredCalls – Roll out but not up keeping some downside protection and picking up nice credit.
Rolled OSTK MAR 12 2021 68.0 Calls to MAR 19 2021 68.0 Calls @ 2.55 credit
UVXY Put Rolldown
Bought to close UVXY Mar 12 2021 8.0 Puts/ Sold to Open UVXY Mar 19 2021 7.5 Puts @ 0.05 Credit
GME Call Rollup
Bought to close GME Mar 12 2021 200.0 Call / Sold to Open 1 GME Mar 19 2021 230.0 Call @ 2.20 Credit
TLRY Call Rollup
Bought to close 1 TLRY Mar 12 2021 26.0 Call / Sold to Open 1 TLRY Mar 19 2021 30.0 Call @ 0.13 Credit but a 4 point bump in the short strike.
BIDU Iron Condor
Sold to open 4/16 210/220/310/320 iron condor @ 3.11.
VXX Put Rolldown
Bought to close VXX Mar 12 2021 14.5 Puts / Sold to Open VXX Mar 26 2021 13.5 Puts at $0.02 Credit.
Lowered the short strike a point to a price below the all-time low on VXX but had to go out 2 weeks instead of 1.
I did this instead of rolling to the 03/19/2021 14.0 Puts because I’m already long the 14.0 Puts for next week and I want to see how they work out in the end.
I bought them in September and October of last year as the long side of diagonal spreads where the short has long since expired.
TLRY Put Closed
Bought to close 1 TLRY 03/12/2021 24.0 Put @ 0.01. Sold this on a rolldown last Friday @ $4.29
LABU,
BYC March 19, 40 puts at .05, sold at 2.30
FSLY PLTR ROKU UVXY
#ShortPuts #ShortCalls #CoveredCalls – A few rolls and sales.
FSLY:Letting stock get called away just below basis. Selling much lower puts to make the overall position profitable.
Sold FSLY APR 16 2021 60.0 Puts @ 1.60
PLTR: Rolling another week instead of taking stock.
Rolled PLTR MAR 12 2021 26.5 Put to MAR 19 2021 25.0 Put @ .13 credit
Rolled PLTR MAR 12 2021 27.5 Put to MAR 19 2021 26.5 Put @ .02 credit
Rolled PLTR MAR 12 2021 28.5 Put to MAR 19 2021 28.0 Puts @ .07 credit
Rolled PLTR MAR 12 2021 30.0 Puts to MAR 19 2021 29.5 Puts @ .16 debit
ROKU: Replacing this week’s expiration. Selling against a DITM short put.
Sold ROKU MAR 19 2021 380.0 Call @ 5.50
UVXY: Covered. Replacing this week’s expiration.
Sold UVXY MAR 19 2021 8.0 Calls @ .48
LABU Call Rolled
Bought to close 1 LABU Mar 12 2021 95.0 Call / Sold to Open 1 LABU Mar 19 2021 100.0 Call @ 1.25 Credit plus 5 more points on the short strike for just 1 more week.
Options Bistro 