#SPX7dteLong Sold to close $SPX Mar 5th 3895/3875 put spreads for 19.60. Condors bought for 16.85 on Monday. Call spread remains, possible some profit if we get a decent bounce.
More trades to follow in the comments.
Recent Updates Page 155
O.T.,
It sure is ugly out there today.
SPY
#ShortPuts – Add to bottom of the ladder. Outside the expected move and below the 200 day.
Sold SPY APR 16 2021 325.0 Put@ 3.35
TQQQ
A one day scalp using a spread
Bought 1 TQQQ Mar 19 2021 50.0 Put / Sold to Open 1 TQQQ Mar 05 2021 70.0 Put @ 0.14 Credit.
If this decline gets serious I want to be long an extra put after tomorrow’s expiration.
I’m hoping TQQQ won’t drop from 77 to 70 by the close tomorrow.
SNOW
#CoveredCalls – Dodged the earnings bullet so now time to work the calls back up. Same trade in two different accounts.
Rolled SNOW MAR 5 2021 210.0 Calls to MAR 19 2021 215.0 Calls @ .10 debit
LABU
#ShortPuts – Last one for a full position. After this looking mainly at SPY if we continue down.
Sold LABU APR 1 2021 65.0 Put @ 4.30
VXX New Diagonal Calls
Bought to open VXX Apr 16 2021 43.0 Calls / Sold to Open VXX Mar 12 2021 19.5 Calls at $0.04 Credit.
Bought to open VXX Apr 16 2021 42.0 Calls / Sold to Open VXX Mar 12 2021 19.5 Calls at $0.04 Credit.
VXX was at 16.15 for the first trade and 16.30 for the second.
Also rolled out my VXX 03/05/2021 19.5 Puts to next week for 0.30 Credit and
rolled out my VXX 03/05/2021 19.0 Puts to next week for 0.35 Credit.
TQQQ
Sold 1 TQQQ MAR 19 21 $61.0 Put @ 1.28 with TQQQ at 79.50
LAZR NNDM Puts Roll / LAZR Closed
#shortputs
$LAZR BTC 3/5 27 put and STO 3/12 26 put at cost of .30. Would gain .70 if assigned.
$NNDM BTC 3/19 15 put and STO 4/16 15 put at added credit of .23.
$LAZR BTC 3/5 28 put at 3.70. STO at 1.95.
UVXY
Bought to close UVXY Mar 05 2021 8.00 Puts @ 0.01. They won’t trade any lower.
This was the short side of a #ContangoSpecial trade put on Monday and was sold @ 0.13 for a 0.10 Credit on the spread.
So I’m now long UVXY Apr 16 2021 “lottery ticket” 5.00 Puts for free with more than a month to go.
GME rolling
Rolled position out:
Bought to close $GME 3/5 165/175 bear call spread @ .30 (sold for 1.50).
Sold to open $GME 3/19 165/175 bear call spread @ 1.83.
VXX
Sold to open VXX Mar 12 2021 22.0 Calls at $0.33
Sold to Open VXX Mar 12 2021 21.5 Call at $0.35.
Also rolled out my VXX 03/05/2021 21.0 Puts to next week for 0.25 Credit.
VXX = 15.50
TQQQ
Sold $TQQQ 4/16 60 put @ 3.00
REGN
#ShortPuts – Rolling out and down. I’ll look for call sales against it.
Rolled REGN MAR 19 2021 450.0 Put to APR 16 2021 435.0 Put @ .70 credit.
TQQQ
Added a tiny bit more:
Sold TQQQ Mar 19 2021 65.0 Put at $1.70
TQQQ = 83
BIIB
#ShortPuts – Just for safety.
Bought to Close BIIB MAR 19 2021 240.0 Put @ 2.00 (sold for 3.80)
FSLY
#CoveredCalls – Adding next week a little early.
Sold FSLY MAR 12 2021 69.0 Call @ 2.80
ROKU TSLA
#ShortStrangles – Rolling the call side of these down and in to get an extra sale in before March expiration.
Rolled ROKU MAR 19 2021 450.0 Call to MAR 12 2021 400.0 Call @ 1.90 credit
Rolled TSLA MAR 19 2021 950.0 Call to MAR 12 2021 750.0 Call @ 3.60 credit
VIX
up 10% today
VXX Puts
Rolled my VXX 03/05/2021 22.0 Diagonal Puts out to next week for a 0.20 Credit
VXX Spreads
Buy to Open VXX Mar 19 2021 30.0 Calls / Sold to Open VXX Mar 05 2021 17.5 Calls @ 0.04.
Buy to Open VXX Mar 19 2021 31.0 Calls / Sold to Open VXX Mar 05 2021 17.5 Calls @ 0.04.
Buy to Open VXX Mar 19 2021 32.0 Calls / Sold to Open VXX Mar 05 2021 18.0 Calls @ 0.03.
Buy to Open VXX Mar 19 2021 33.0 Calls / Sold to Open VXX Mar 05 2021 18.0 Calls @ 0.03.
Buy to Open VXX Mar 19 2021 34.0 Calls / Sold to Open VXX Mar 05 2021 18.0 Calls @ 0.03.
Short DTE = 2
Long DTE = 16
VXX at 15.30. Double top on the 1 minute chart today at about 15.57
I’ve got VXX 15.50 and 15.0 short puts for Friday I’d love to be out of so I’m encouraging it to go up
TQQQ
Sold 1 TQQQ Mar 19 2021 63.0 Put @ 1.06.
Sold 1 TQQQ Mar 19 2021 62.0 Put @ 1.07.
SNOW earnings
#CoveredCalls #Earnings – Similar positions in 2 accounts. These rolls are slightly below my basis but I’m going for more downside protection. I’ll worry about the calls being ITM later on if needed. This market feels like all news is bad news so rolling down.
Rolled SNOW MAR 5 2021 240.0 Calls to MAR 5 2021 210.0 Calls @ 23.80 credit
TQQQ
#ShortPuts – Adding to the bottom of the ladder. I may or may not have to roll this week’s but this is where I would’ve added either way.
Sold TQQQ APR 16 2021 65.0 Put @ 3.40
PTON
Roll $PTON Mar-05-2021 130 #CoveredCalls // Mar-19-2021 @1.11
SPX 7-dte
#SPX7dteLong Sold to Close $SPX Mar 3rd 3855/3835 put spreads for 7.10. Gonna try legging out, sell calls on next move up. Condors bought for 17.95 last Thursday.
More GME
Sold $GME 3/12 165/175 bear call spread @ 1.50
VXX
New VXX Diagonal Spread
Bought to open VXX Apr 16 2021 41.0 Calls / Sold to Open VXX Mar 12 2021 19.0 Calls @ 0.02 Credit.
Pushing my long hedge position for future writes out to April.
TQQQ,
STO March 26, 110 calls at .95 against my 75 puts. Scaling in.
VXX Calls
Using this morning’s pop in volatility to venture into next week’s calls
Sold VXX 03/12/2021 19.0 Calls @ 0.38 & 0.43
Sold VXX 03/12/2021 20.0 Calls @ 0.34 & 0.38
Sold VXX 03/12/2021 21.0 Calls @ 0.30 & 0.34
I’ve turned some more short put spreads into Iron Condors.
VXX is at 15.30
SPX stopped
#SPX1dte Bought to close $SPX Mar 3rd 3805/3785 put spreads for 2.00. Stop hit at the morning’s lows. Condors sold for 1.35 yesterday.
LABU
#ShortPuts – Adding one. Almost full position now.
Sold LABU APR 1 2021 70.0 Put @ 2.50
TQQQ,
STO April 16, 60 puts at 1.93
STO April 9, 70 puts at 2.85
TLRY
A couple of adjustments to my TLRY position.
Rolled down my TLRY Mar 05 2021 34.0 Put to a TLRY Mar 12 2021 33.0 Put at $0.35 Credit
Added a couple of Bear Call spreads to convert some put spreads to Iron Condors
Bought 1 TLRY Apr 16 2021 70.0 Call / Sold 1 TLRY Mar 05 2021 28.0 Call @ 0.16 Credit
Bought 1 TLRY Apr 01 2021 60.0 Call / Sold 1 TLRY Mar 05 2021 28.0 Call @ 0.22 Credit
SPX trades
#SPX7dteLong Bought to Open $SPX March 8th 3870/3890-3900/3920 iron condors for 17.00, with SPX at 3889.
TAN
#ShortPuts – Finally back in this one. Starter positions…
Sold TAN MAR 19 2021 90.0 Put @ 1.31
Sold TAN MAR 26 2021 90.0 Put @ 1.96
Sold TAN APR 1 2021 85.0 Put @ 1.45
TQQQ,
STO March 26, 75 puts at 2.15
MARA Puts
#shortputs
$MARA STO 3/5 35 puts at 1.80
LAZR
#ShortPuts – Thinning the herd slightly.
Bought to Close LAZR MAR 5 2021 27.0 Puts @ .29 (sold for 1.91)
TQQQ
#ShortPuts – Adding to the ladder.
Sold TQQQ APR 9 2021 75.0 Put @ 3.30
OSTK PINS
#ShortPuts – Taking a couple small winners at over half.
Bought to Close OSTK MAR 5 2021 62.5 Puts @ .45 (sold for 1.35)
Bought to Close PINS MAR 12 2021 75.0 Puts @ .75 (sold for 1.65)
QS
#ShortPuts – Bought to Close QS MAR 12 2021 50.0/49.0/48.0 Put bundle @ 1.48 (sold for 4.80)
ROKU
#ShortStrangle #ShortStraddle – They bought some advertising company so thought it might be bullish (not so far 🙂 🙂 ). Trying something a little different and slightly more directional. Rolling short strangle into a short straddle.
Rolled ROKU MAR 19 2021 360.0/500.00 Strangle to MAR 19 2021 450.0 Straddle @ 39.85 credit (47.55 total)
Breakeven at the 50 day now.
Looks like down today on a secondary offering. Guess reading the news would help!
ZM earnings (sort of)
#ShortPuts #Earnings #OneNightStand – Went out a couple weeks but still nice collapse in price on the up move.
Bought to Close ZM MAR 19 2021 340.0 Put @ 1.35 (sold for 5.00)
ZM
TMO,
BTC March 19, 450 put at 6.60, sold at 6.70, just want to reduce my exposure and risk in the market.
NIO Earnings (sort of)
#long calls #shortputs
$NIO BTO 3/19 60 calls at 1.39
$NIO STO 3/19 50 put at 4.50
@fuzzballl thanks for the sort of meme.
ZM earnings (sort of)
#ShortPuts – Going out to the monthly to sell something lower but still get decent premium. Outside the expected move and below recent lows.
Sold ZM MAR 19 2021 340.0 Put @ 5.00
SPY Call
Sold 1 SPY MAR 03 2021 $393.0 Diagonal Call @ 1.15.
The strike is at near term resistance in SPY
AAPL put spread
Sold $AAPL 4/16 120/115 bull put spread @ 1.25
EWZ jade lizard
Sold $EWZ 4/16 30/35/36 jade lizard @ 1.27. Breakeven 28.73 with no upside risk.
#tastytradefollow
TQQQ,
BTC March 5, 55 puts at .02, sold at 1.57 and that is all I have this week.
SPX 7 dte
#SPX7dte Sold to close $SPX March 1st 3865/3885-3895/3915 condors for 11.60. Taking the loss and closing now, as I cannot tell if this will continue to sail into higher profit or start wallowing in the dead zone. Bought for 16.75 last Tuesday.
Bought to Open March 5th 3875/3895-3905/3925 iron condors for 16.85, with SPX at 3898.
AMZN BUPS
#bups
$AMZN STO 4/16 2940/2950 at 2.70
MRVL Earnings Strangle
#shortstrangles #earnings
$MRVL STO 3/5 48.50/48 strangle at 3.40
UVXY Contango Special
Bought to open UVXY Apr 16 2021 5.00 Puts / Sold to Open UVXY Mar 05 2021 8.00 Puts at $0.10 Credit.
UVXY is 8.65 and I have excess long puts from earlier spreads.
Short DTE = 4
Long DTE = 46
SPY
Sold to open 1 SPY MAR 01 2021 $389 Diagonal Call @ 1.06 after an 8 point bump in SPY in just 2 hours.
Turns my short put spread into an Iron Condor Spread
TSLA
#ShortStrangles – Back in this one after the selloff. Selling above all time highs and at the most recent breakout level. Well outside the expected move on both sides.
Sold TSLA MAR 19 2021 550.0/950.0 Strangle @ 8.00
REGN
#ShortStrangles – Selling against a 450 strike short put. 1.5 times the expected move and above the 50 day moving average resistance.
Sold REGN MAR 19 2021 500.0 Call @ 2.70 (450/500 @ 10.20 now)
ROKU
#ShortStrangles – Selling against a 360 strike short put. Above all time high and twice the expected move.
Sold ROKU MAR 19 2021 500.0 Call @ 2.75 (360/500 @ 7.70 now)
VIX
30.82 high today before pulling back and closing down on the day.
Pretty nice double top and not quite as high as yesterday’s 31.16 peak
Expirations
#optionsexpirations
$GME 140/150 BECS
$GME 150/160 BECS
$MRVL 52.5 call
#assignment
$T 29.50 put
$NVDA 550 put
TLRY
Rolled down my last short put for this week.
Bought to close 1 TLRY Feb 26 2021 26 Put / Sold to Open 1 TLRY Mar 05 2021 25 Put @ 0.40 Credit
TLRY Win-Win
Closed out another diagonal spread I put on with profits on both sides
Bought to close TLRY 02/26/2021 26.0 Short Calls @ 0.01 – Sold @ 0.90 (avg price) on 02/23
Sold to close TLRY 04/16/2021 70.0 Long Calls @ 0.93 – Bought @ 0.61 (avg price) on 2/23
SPY Put Rolldown
Bought to close 1 SPY Feb 26 2021 377.0 Put at $0.01. Sold @ 1.51 on 02/23.
Sold to Open 1 Contract SPY Mar 05 2021 370.0 Put @ 1.43.
#DoubleDip Sale on my long March 150 Put and 7 points lower
OSTK PLTR SNOW SOXL UVXY
#ShortPuts #CoveredCalls – A little bit of everything today.
OSTK: Rolling out and down a week.
Rolled OSTK FEB 26 2021 77.5 Put to MAR 5 2021 76.0 Put @ .50 credit
PLTR: Rolling out one or two weeks.
Rolled PLTR FEB 26 2021 27.5 Put to MAR 5 2021 27.0 Put @ .02 credit
Rolled PLTR FEB 26 2021 28.0 Put to MAR 12 2021 27.5 Put @ .36 credit
Rolled PLTR FEB 26 2021 29.0 Put to MAR 12 2021 28.5 Put @ .20 credit
Rolled PLTR FEB 26 2021 30.0 Put to MAR 12 2021 30.0 Put @ .55 credit
Rolled PLTR FEB 26 2021 30.5 Put to MAR 12 2021 30.0 Put @ .07 credit
SNOW: Taking assignment and selling DITM covered calls for max downside earnings protection.
Sold SNOW MAR 5 2021 240.0 Call @ 25.50
Sold SNOW MAR 5 2021 240.0/400.0 BeCS @ 25.00 (had to spread it in an IRA)
SOXL: Rolled to a strike that’s 15:1 split friendly.
Rolled SOXL MAR 19 2021 515.0 Put to MAR 19 2021 525.0 Put @ 4.00 credit
UVXY: Covered calls…still holding the hedge picking up some more credit.
Rolled UVXY FEB 26 2021 8.5 Calls to MAR 5 2021 8.5 Calls @ .20 credit
AMC Win-Win
Closed out the diagonal spread I put on yesterday with profits on both sides
Bought to close AMC 02/26/2021 8.0 Short Calls @ 0.13 – Sold @ 0.79
Sold to close AMC 03/26/2021 12.0 Long Calls @ 0.91 – Bought @ 0.77
SPX trades
#SPX1dte Sold to Open $SPX March 1st 3665/3685-3920/3940 iron condors for 1.40, SPX at 3829, IV 19.5%, deltas -.06 +.06
#SPX7dteLong Expiring at max credit of 20.00: Feb 26th 3885/3865 put spreads. Condors bought for 16.35 on Monday
#Speculation Bought to Open $SPX March 5th 3700/3680 put spreads for 2.65.
SPY Rollup
After several rolls laterally I’m finally able to roll this one up.
Bought to close 1 SPY Feb 26 2021 377.0 Call / Sold to Open 1 SPY Mar 03 2021 380.0 Call @ 0.38 Credit
GME 3/5
Sold $GME 3/5 165/175 bear call spread @ 1.50
PLTR ALB WATT ARKK SPY Puts Closed / ARKK TQQQ Puts / MARA Calls Closed / NNDM Put Roll
#shortputs
$PLTR BTC 2/26 28 put at 4.50. STO at 1.19
$PLTR BTC 2/26 29 put at 6.00. STO at 1.49
$PLTR BTC 2/26 25 put at 1.26. STO at 1.20
$ALB BTC 3/19 145 put at 3.80. STO at 10.00
$WATT BTC 3/19 7.50 put at 3.30. STO at 2.70
$ARKK BTC 2/26 125 put at .60. STO at 2.95 Thank you @fuzzballl and @ramie77
$SPY BTC 3/19 135 put at 1.00. STO at 3.59
$ARKK STO 3/19 104.96 put at 1.90
$TQQQ STO 4/16 60 put at 1.90
$TQQQ STO 4/16 60 put at 1.90
$NNDM BTC 3/19 17.50 put and STO 5/21 15 put at cost of 1.43 but would gain $2 if assigned.
#longcalls
$MARA STC 3/19 16 calls at 16. BTO at 4.90.
SLB Call roll
Bought to close SLB Feb 26 2021 27.5 Calls / Sold to Open SLB Mar 05 2021 28.5 Calls @ 0.12 Credit plus another point higher for next week.
I’m expecting my SLB 28.50 and 29.50 short calls for today to expire.
VXX Call Rolls
Even though today’s VXX calls would have expired I couldn’t pass up the great premiums for next week while waiting for this weeks calls to roll off.
Bought to close VXX 02/26/2021 20.0 Calls @ 0.09. Sold these @ 0.23 earlier this week.
Bought to close VXX 02/26/2021 21.0 Calls @ 0.06. Sold these @ 0.19 earlier this week.
Bought to close VXX 02/26/2021 22.0 Calls @ 0.04. Sold these @ 0.15 earlier this week.
Replaced all the above with options 2 points higher in strike. (Hopefully that is enough)
Sold VXX 03/05/2021 22.0 Calls @ 0.61
Sold VXX 03/05/2021 23.0 Calls @ 0.58
Sold VXX 03/05/2021 24.0 Calls @ 0.56.
VXX peaked at 17.29
PTON
Roll $PTON Feb-26-2021 130 #CoveredCalls // Mar-05-2021 @1.15 Credit.
Roll $PTON Mar-05-2021 130/140 #BuPS // Mar-19-2021 129/139 #BuPS @1.34 Debit.
VXX Puts closed
Bought to close VXX Feb 26 2021 15 Puts Limit at $0.01. Sold these on a rolldown last Friday at 0.50
Options Bistro 