#shortputs
$WYNN BTC 3/12 133 put and STO 3/19 137 put at added 2.94 credit
$TQQQ BTC 3/12 80 put at .30. STO at 3.10
#coveredcalls
$BFLY BTC 4/16 20 call and STO 7/16 25 call at added .16 credit
Recent Updates Page 154
Closing ARKK
Bought to close 3/19 110.96 puts @ .75. Sold for 2.40.
SPX 1-dte
#SPX1dte Sold to Open $SPX 3855/3875-4005/4025 iron condors for 1.25, SPX at 3953, IV 14.6%, deltas -.06 +.07
TLRY
I had an extra long TLRY April Call so I wrote against it for next week.
Sold 1 TLRY Mar 19 2021 30 Call at $1.48
TLRY is at 26
LABU
#ShortPuts – Taking the bottom of the ladder.
Bought to Close LABU APR 1 2021 65.0 Put @ 1.05 (sold for 4.30)
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Mar 17th 3930/3950-3960/3980 iron condor for 16.65, with SPX at 3953.
Downside Warning canceled
#VIXIndicator The VIX was headed for it at the close, but SPX making a new high beats it to the punch. Downside Warning is canceled. Now, three VIX closes below 22.30 mean an Upside Warning.
TQQQ,
BTC, June 18, 65 puts at 5.65, sold at 5.70
BTC June 18, 55 puts at 3.60, sold at 3.62 in my IRA
BTC January 2022, 50 puts at 7.79, sold at 7.85
BTC June 18, 55 puts at 3.60, sold at 3.61
That leaves me with only a few trades left and about 90% cash.
ORCL post-earnings
Sold 4/16 65 puts @ 1.92 with the stock at 66.34
TQQQ,
BTC April 1, 55 puts at .54, sold at 1.60
TQQQ,
BTC March 26, 110 call at .40, sold at .95
BTC March 26, 75 puts at 2.16, sold at 2.20
BTC April 1, 70 puts at 1.91, sold at 2.20
BTC April 9, 70 puts at 2.52, sold at 2.85
BTC April 23, 55 puts at 1.50, sold at 2.25
BTC June 18, 50 puts at 3.04, sold at 3.10
BTC June 18, 60 puts at 4.70, sold at 4.75
Interest rates are in an uptrend and the QQQ in in a down trend so I am just taking risk off the table for now.
EWZ
#ShortPuts – Taking over half in 3 days and 5 weeks early.
Bought to Close EWZ APR 16 2021 29.0 Puts @ .50 (sold for 1.11)
Bought to Close EWZ APR 16 2021 28.0 Puts @ .35 (sold for .85)
LULU
Short term CC dividend capture strategy….trying something different….not sure if it will be sustainable over time
https://coveredcallswithjeff.wordpress.com/2021/03/11/wmb-covered-call-dividend-capture-assigned-day-before-ex-div-return-on-capital-2-6-in-2-days-or-476-annualized-but-no-dividend/
SPXpire
#SPX7dteLong Expired with max credit of 20.00: $SPX March 10th 3825/3845 call spreads. Condors bought for 17.85 last Thursday.
#SPX1dte Expired: 3785/3805-3960/3980 iron condors, sold yesterday for 1.00
SPY Call Rollup
Bought to close 1 SPY Mar 10 2021 386.0 Call / Sold to Open 1 SPY Mar 12 2021 387.0 Call @ 0.29 Credit.
I’ve got other SPY positions that will expire today.
TQQQ,
BTC March 12, 65 puts at .04, sold at 1.30, I closed out a lot of put s in the TQQQ today but still have more to go.
TQQQ,
BTC March 19, 27.5 puts at .01, sold at 1.47
TLRY Put Rolldowns
Bought to close 1 TLRY Mar 12 2021 33.0 Put / Sold to Open 1 TLRY Mar 19 2021 32.5 Put @ 0.67 Credit
Bought to close TLRY Mar 12 2021 30.0 Puts / Sold to Open TLRY Mar 19 2021 29.0 Puts @ 0.16 Credit
GME Round Trip
At 11:40 this morning I put on the following GME Bear Call Diagonal
Bought Mar 19 2021 380.0 Call / Sold GME 03/12/2021 280.0 @ 2.60 Credit
Just now (1:42) I closed it out at 13.00 Credit – eliminating a big spread risk in the process
Big #WinWin with a credit in and a credit out
If GME gets back above 330 I’ll look to put something similar on at higher strikes this time.
GME Puts
Sold 1 GME 03/12/2021 45.0 Put @ 0.30
Sold 1 GME 03/12/2021 50.0 Put @ 0.33
Sold 1 GME 03/12/2021 55.0 Put @ 0.60
GME at 260 after falling from 348.50
GME iron fly
Sold $GME 3/12 235/240/245 iron fly @ 4.90. Almost risk free (.10 max loss) with a very slim profit probability.
REGN,
BTC March 19, 450 put at 3.30, sold at 9.00
TQQQ,
BTC April 1, 65 puts at 1.59, sold at 1.95, reducing risk.
GME Diagonal
Giving this a extra week and hoping the mania dies away in 10 days or so.
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
TQQQ,
BTC April 16, 60 puts at 1.95, sold at 1.97,
TQQQ
Following @jsd501 and @fuzzballl out of of some of these to take some risk off.
BTC March 19 50 puts @ .10.
TQQQ,
STO April 16, 110 call at 1.43, Sold against my 50 and 60 puts
TQQQ,
BTC March 19, 70 puts at .80, sold at 1.55, The market feels heavy so I want to take some risk off.
TQQQ
#ShortPuts – Taking it a couple days early on the bounce.
Bought to Close TQQQ MAR 12 2021 80.0 Put @ .70 (sold for 3.10)
TDOC pre earnings
#ShortPuts – Two weeks before earnings, at the expected move, and almost 50 percent off highs.
Sold TDOC APR 16 2021 165.0 Put @ 5.10
Bitcoin options?
https://www.bloomberg.com/news/articles/2021-03-10/a-vix-like-gauge-for-bitcoin-sees-its-first-ever-options-trade
AMC
Rolled $AMC Mar-12-2021 12 #CoveredCalls // Mar-19-2021 14 #CoveredCalls @0.10 Credit.
Also Holding $AMC 14 #ShortPuts that have been rolled a time or two.
/ES TSLA
#ShortStrangles #Futures #Hedges – Catching up on some losers although I look at my ES hedge as being a #TakeOneForTheTeam 🙂 🙂 .
/ES: Stopped out on the big run. Best money I ever spent!
Sold /ES APR 21 (Wk3) 3460/3060 Put Spread @ 16.75 (bought for 34.00 and these are $50 per point)
TSLA: After chasing this around with a bunch of rolls bailing on it. Not worth the hassle.
Bought to Close TSLA MAR 19 2021 560.0/770.0 Strangle @ 18.50 (sold for 16.85)
SPY 1 DTE
Sold SPY 03/10/2021 383/392 Strangle @ 1.28 Credit.
Legged in.
SPX trades
#SPX7dteLong Bought to Open $SPX Mat 15th 3870/3890-3900/3920 iron condors for 17.20, with SPX at 3894.
UVXY
Sold to Open UVXY Mar 12 2021 8.0 Puts at $0.16.
#DoubleDip write against Long April and June strike 5 puts.
#UVXYContango
UVXY is 8.35
SPY
#ShortPuts – On a move like today and back near all time highs I’ve gotta take these. Almost 60 percent of max 38 days early.
Bought to Close SPY APR 16 2021 325.0 Put @ 1.05 (sold for 3.35)
Bought to Close SPY APR 16 2021 330.0 Put @ 1.21 (sold for 3.35)
Bought to Close SPY APR 16 2021 335.0 Put @ 1.40 (sold for 3.20)
Bought to Close SPY APR 16 2021 340.0 Put @ 1.62 (sold for 3.70)
Bought to Close SPY APR 16 2021 345.0 Put @ 1.90 (sold for 3.40)
Bought to Close SPY APR 16 2021 350.0 Put @ 2.25 (sold for 4.60)
Rolling KRE
Instead of taking profits I decided to roll up and stay long regional banks for a while longer. Rolled short $KRE 4/16 60 puts up to 65 puts (32 delta) @ 1.12 credit.
LABU
Bought to open 1 LABU Apr 16 2021 135.0 Call / Sold to Open 1 LABU Mar 12 2021 95.0 Call at $1.55 Credit.
This turns my 45/65 Diagonal Bull Put spread into a Short Calendar Iron Condor Spread with 65 Put/ 95 Call as the short for this week.
Short DTE = 3
Long DTE = 38
GME Crazy trade closed
Bought to close GME Jul 16 2021 2.0 Puts @ 0.02.
Out 4 + months early
Sold to open GME Jul 16 2021 2.0 Puts at $0.37 on Jan 29.
Yes that is the correct strike price.
#GMECrazy
LAZR
#ShortPuts – Using the bounce to roll to the back of the ladder.
Rolled LAZR MAR 12 2021 28.0 Puts to LAZR APR 9 2021 27.0 Puts @ .35 credit
Rolled LAZR MAR 12 2021 27.0 Puts to LAZR APR 9 2021 25.5 Puts@ .30 credit
EWZ
#ShortPuts – First time in this one in awhile. Starter positions…
Sold EWZ APR 16 2021 29.0 Puts @ 1.11
Sold EWZ APR 16 2021 28.0 Puts @ .85
LAZR Put Roll
#shortputs
$LAZR BTC 3/19 25 put and STO 4/1 24 put at cost of .10 but would gain $1 if assigned
SPY
New Put Diagonal
Bought to open SPY Mar 31 2021 350.0 Put / Sold to Open 1 SPY Mar 12 2021 377.0 Put @ 0.46 Credit.
Extending the long side of the ladder.
SPY Roll
Bought to close 1 SPY Mar 08 2021 383.0 Call / Sold to Open 1 SPY Mar 10 2021 386.0 Call @ 0.40 Credit.
Sold the 383 Call Friday @ 2.81 and covered today @ 1.82
SPX 7-dte
#SPX7dte Bought to open $SPX Mar 12th 3825/3845-3855/3875 iron condos for 17.70, with SPX at 3848.
TSLA June
A #FallingKnife type of trade, as weird as it is to say that about TSLA. Would take the stock down there.
Sold $TSLA 6/18 250 put @ 5.05.
GME
Diagonal
Bought 1 GME 03/19/2021 300 Call / Sold 1 GME 03/12/2021 200 Call @ 4.40 Credit.
Five days is a long time in this stock.
SPY Zero DTE
Sold SPY 03/08/2021 379/389 Strangle @ 1.24
Legged in
GME BECS Expired
#becs #optionsexpiration
$GME 165/175
$GME 160/170
PINS OSTK MRVL WYNN NIO Puts Closed / LAZR MRVL Puts Rolled / TQQQ Puts / Assignments
$PINS BTC 3/5 70 puts at 5.00. STO at 1.76
$OSTK BTC 3/5 63 puts at 3.00. STO at 1.62
$MRVL BTC 3/5 48 puts at 7.66. STO at 1.42
$WYNN BTC 3/5 132 puts at .09. STO at 1.63 STO 3/12 133 puts at 3.59
$NIO BTC 3/19 50 puts at 17.35. STO at 4.50
$LAZR BTC 3/12 26 puts and STO 4/1 25 puts at credit of .30
$MRVL BTC 3/5 48 puts and STO 4/1 46 puts at debit of 1.00. Gain $1 if assigned.
$TQQQ STO 4/23 55 puts at 2.25 Thank you @jsd501
#assignment
$SNOW 270 put
$MARA 35 put
$RIOT 50 put
SPY Call rollout
I never thought I would be rolling this when SPY was 373 just a few hours ago.
Bought to close 1 SPY 03/05/2021 381.0 Call @ 2.65. Sold this on Wednesday at 6.49
Replaced it with SPY 03/08/2021 383.0 Call @ 2.81
VXX Contango Special
One more of these.
Huge reversal in VXX to the downside after the morning blastoff to 16.74.
Bought to open VXX Jan 21 2022 6.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.02 Credit.
Short DTE = 7
Long DTE = 322
VXX @ 15.12
I’m done for today with these
TQQQ,
STO April 23, 55 put at 2.25
ROKU TSLA
#ShortCalls – Wouldn’t mind seeing a little rally in these so best way for that to happen is roll calls down. 🙂 🙂 Sold against longer dated short puts.
Rolled ROKU MAR 12 2021 400.0 Call to MAR 12 2021 375.0 Call @ 2.70 credit
Rolled TSLA MAR 12 2021 750.0 Call to MAR 12 2021 675.0 Call @ 4.20 credit
VXX Contango Special
Bought to open VXX Sep 17 2021 7.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.09 Credit.
Short DTE = 7
Long DTE = 196
VXX @ 15.42
TQQQ
#ShortPuts – Just over a half size position now. Any time I roll the front week out I add to it to really average down. Added to the earlier roll.
Sold TQQQ APR 23 2021 60.0 Put @ 4.15
VXX Contango Special
Now that I’m out of all this week’s short puts I’m adding a new spread
Bought to open VXX Jun 18 2021 9.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.05 Credit.
Short DTE = 7
Long DTE = 105
VXX @ 15.48
SPX trades
#SPX7dteLong Bought to Open $SPX March 10th 3795/3815-3825/3845 condors for 17.85, with SPX at 3715. Too expensive to buy yesterday so I bought today… only 5 dte.
@TQQQ STO TQQQ ,9 APR…
@TQQQ
STO TQQQ ,9 APR 21 ,45 PUT @1.14 NYSE
SPY Put Rolldown
Bought to close 1 SPY Mar 05 2021 370.0 Put at $0.10. Sold @ 1.43 on 02/26.
Sold to Open 1 Contract SPY Mar 12 2021 363.0 Put @ 1.53.
#TripleDip Sale on my long March 150 Put and 7 points lower (again).
SQQQ Covered Call
Bought to close 1 SQQQ 03/05/2021 17.0 Covered Call @ 0.01. Sold this on 03/04 @ 0.11.
Replaced it with a SQQQ 03/12/2021 17.50 Covered Call @ 0.32
TSLA craziness
High volume selling bringing in high IV and now the stock may be ready for a breather. Sold $TSLA 3/19 500/490 bull put spread @ 1.72.
LABU
Bought to open 1 LABU Apr 16 2021 45.0 Put @ 2.28.
Paid for it by selling 1 LABU Mar 12 2021 65.0 Put @ 2.52.
Short DTE = 7
Long DTE = 42
LABU is 77.50
T2108,
Anyone know where this is trading today?
VXX Puts
Bought to close VXX 03/05/2021 15.0 Puts @ 0.01. Sold these last Friday on a rolldown @ 0.63
TLRY Rollout
Bought to close TLRY 03/05/2021 28.0 Straddles and rolled it out a week for a 1.06 Credit
LAZR ROKU TQQQ TSLA UVXY
#ShortPuts – Gonna be out most of the day so using the bounce to roll some stuff and really reduce deltas (risk).
LAZR: Rolled to back of ladder.
Rolled LAZR MAR 5 2021 28.0 Puts to APR 1 2021 26.5 Puts @ even
ROKU: Roll out and down. Will sell weekly calls against.
Rolled ROKU MAR 19 2021 450.0 Put to JUN 18 2021 430.0 Put @ 2.50 credit (49.15 total now)
TQQQ: Rolled to back of ladder.
Rolled TQQQ MAR 5 2021 90.0 Put to APR 23 2021 79.0 Put @ .74 credit
TSLA: Big delta reduction here. Good weekly call premium to sell against.
Rolled TSLA MAR 19 2021 550.0 Put to APR 16 2021 480.0 Put @ 1.05 credit
UVXY: Covered. Keeping the hedge and bringing in good weekly cash.
Rolled UVXY MAR 5 2021 8.5 Calls to MAR 12 2021 8.5 Calls @ .41 and .27
VXX Puts
Bought to close VXX 03/05/2021 15.50 Puts @ 0.12 $ 0.07. Sold these on a rolldown last Friday @1.13.
Replaced them with 03/12/2021 14.50 Puts @ 0.21 & 0.15.
VXX opened at 15.65
February Jobs Report
#Jobs — Strongly exceeding expectations.
Gain of +379,000 non-farm payroll jobs, vs. expected gain of 210K
Unemployment at 6.2%, down by 0.1
U6 unemployment at 11.1%, unchanged
Labor force participation 61.4%, unchanged
Jan jobs revised up by +117K to +166K
Dec jobs revised down by -79K to -306K
Emini protection
#LongPutSpreads – Bought an emini 3460/3060 put spread for April monthly. 1700 bucks it cost me but makes 18,300 max if things really get ugly. Bought the long strike at the 200 day and then just sold way under it to reduce cost. As much as it pains me to actually buy something it is cheap insurance. I’ll just take it out of realized gains for the year if I have to since it’s been a great two months to start the year.
Bought /ES APR 21 (Wk3) 3460/3060 Put Spread @ 34.00 (these are $50 per point)
UVXY
Bought to close Bought to close UVXY Mar 05 2021 8.50 Puts @ 0.01. They won’t trade any lower.
These started out as Feb 12 strike 10 Puts on 2/04.
Rolled them to Feb 19 strike 9.50 Puts on 02/12.
Rolled them to Feb 26 strike 9.00 Puts on 02/19.
Finally rolled them to Mar 05 strike 8.50 puts last Friday.
All the rolls were for credits and I’m out of my last shorts.
I’m left with some long June 5.0 puts that are slightly above my cost.
GME: Another nutty trade
Low probability almost no risk. Sold $GME 3/5 145/150/155 iron fly @ 4.90.
Getting long regional banks
Sold $KRE 4/16 60 puts @ 1.65 with KRE trading around 64.95.
Options Bistro 