#ShortPuts #CoveredCalls – Setting up early for earnings next week. One covered and one new position.
Sold ROKU MAY 7 2021 350.0 Call @ 21.25 (slightly below basis but prefer downside protection)
Sold ROKU MAY 7 2021 320.0 Put @ 5.70 (replacing one closed this morning)
Taking another shot at this one to get some calls to expire
Sold WFC Apr 30 2021 46.0 Calls at $0.34.
I have long calls out in June as a disaster hedge.
Sold SLB May 21 2021 29.5 Calls at $0.47. Sold these against long stock plus long June Calls
#ShortPuts – Just to be completely out of this one. Looking for new ladder opportunities out beyond May monthlies.
Bought to Close OSTK MAY 14 2021 55.0 Put @ .45 (sold for 1.25)
Finally new 100 share weeklys available
Sold 1 VXX May 07 2021 41.0 Covered Call at $1.10
Sold 1 VXX May 14 2021 46.0 Covered Call at $1.10
Sold 1 VXX May 28 2021 50.0 Covered Call at $1.70 (highest available strike).
Plus a kicker VXX Diagonal Bear Call spreads:
Bought to Open 1 VXX Jun 18 2021 64.0 Call / Sold to Open 1 VXX May 21 2021 44 Call at $0.14 Credit.
Bought to Open 1 VXX Jun 18 2021 64.0 Call / Sold to Open 1 VXX May 21 2021 45 Call at $0.08 Credit.
#coveredcalls
$TQQQ STO 4/30 113 call at .70
#ShortPuts #Earnings – Just a small one. Sold all at once.
Sold TWTR APR 30 2021 62.0/61.0/60.0 Puts @ 3.55
#IronCondors #Earnings – Taking a shot at it just inside the expected move by about 5 points.
Sold AMZN APR 30 2021 3340/3350/3630/3640 @ 4.10
Post-earnings after the morning pop, sold to open $FB May 21 300/310/340/350 iron condor @ 3.30
#ShortPuts – Adding…
Sold LABU MAY 21 2021 68.5 Put @ 2.05
Sold LABU MAY 21 2021 69.0 Put @ 2.15
STO December 40 puts at 4.10
#ShortPuts – Taking it on the bounce.
Bought to Close ROKU APR 30 2021 345.0 Put @ .35 (sold for 3.75)
#ShortPuts – Still holding 55 strike out a couple weeks.
Bought to Close OSTK APR 30 2021 62.5 Puts @ .05 (sold for 1.82)
Bought to Close OSTK MAY 7 2021 57.5 Put @ .10 (sold for 1.26)
Bought to Close OSTK MAY 7 2021 60.0 Put @ .15 (sold for 1.85)
#SPX1dte Expired worthless: $SPX Apr 28th 4115/4135-4230/4250 iron condor, sold yesterday for 1.15.
#SPX7dteLong Expiring with max credit of 20.00: Apr 28th 4140/4160 call spreads, sold last Thursday for 16.95.
#Earnings $AMZN reports TOMORROW (Thursday) after the bell. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 2, 2021 AC -1.99%
Oct. 29, 2020 AC -5.44%
July 30, 2020 AC +3.69%
April 30, 2020 AC -7.59%
Jan. 30, 2020 AC +7.37% Biggest UP
Oct. 24, 2019 AC -1.09%
July 25, 2019 AC -1.55%
April 25, 2019 AC +2.54%
Jan. 31, 2019 AC -5.38%
Oct. 25, 2018 AC -7.81% Biggest DOWN
July 26, 2018 AC +0.51%
April 26, 2018 AC +3.60%
Avg (+ or -) 4.05%
Bias -1.10%, negative bias on earnings.
With stock at 3475.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 3326.44 to 3623.56
Based on AVERAGE one-day move over last 12 quarters: 3334.38 to 3615.62
Based on MAXIMUM one-day move over last 12 Q’s (7.8%): 3203.60 to 3746.40
Based on UP max only (+7.4%): 3731.11
Open to requests for other symbols.
Writing against some deep in the money short puts as if I already owned the stock:
Sold TLRY Apr 30 2021 19.5 Calls at $0.31
Sold TLRY May 14 2021 24.0 Calls at $0.41
#Earnings $FB reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 27, 2021 AC -2.62%
Oct. 29, 2020 AC -6.30%
July 30, 2020 AC +8.17%
April 29, 2020 AC +5.41%
Jan. 29, 2020 AC -6.13%
Oct. 30, 2019 AC +1.80%
July 24, 2019 AC -1.93%
April 24, 2019 AC +5.84%
Jan. 30, 2019 AC +10.81% Biggest UP
Oct. 30, 2018 AC +3.80%
July 25, 2018 AC -18.96% Biggest DOWN
April 25, 2018 AC +9.06%
Avg (+ or -) 6.74%
Bias 0.75%, slight positive bias on earnings.
With stock at 306.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 291.03 to 322.97
Based on AVERAGE one-day move over last 12 quarters: 285.39 to 326.61
Based on MAXIMUM one-day move over last 12 Q’s (19.0%): 247.98 to 364.02
Based on UP max only (+10.8%): 339.08
Open to requests for other symbols.
#Earnings $AAPL reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 27, 2021 AC -3.49%
Oct. 29, 2020 AC -5.60%
July 30, 2020 AC +10.46% Biggest UP
April 30, 2020 AC -1.60%
Jan. 28, 2020 AC +2.09%
Oct. 30, 2019 AC +2.26%
July 30, 2019 AC +2.04%
April 30, 2019 AC +4.90%
Jan. 29, 2019 AC +6.83%
Nov. 1, 2018 AC -6.63% Biggest DOWN
July 31, 2018 AC +5.89%
May 1, 2018 AC +4.41%
Avg (+ or -) 4.68%
Bias 1.80%, positive bias on earnings.
With stock at 133.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 128.55 to 138.45
Based on AVERAGE one-day move over last 12 quarters: 127.25 to 139.75
Based on MAXIMUM one-day move over last 12 Q’s (10.5%): 119.54 to 147.46
Based on DOWN max only (-6.6%): 124.65
Open to requests for other symbols.
STO TQQQ 30 APR 2021 106.5 PUT @1.44
#shortputs
$TQQQ BTC 4/30 105 put at .85. STO at 3.25 on 4/19. Thank you @jsd501
Sold LABU Apr 30 2021 78.0 Put at $1.25.
Sold LABU Apr 30 2021 75.0 Put at $0.95.
This turns two short calls for this week into short strangles.
BTC June 18, 22.5 puts at .05, sold at 2.53, these were the old 45 puts before the split.
#shortputs
t 5.27$LABU BTC 4/30 69 put at .20. STO a7 5.27.
#coveredcalls
$WYNN STO 4/30 130 call at .90
#ShortPuts – This could go anywhere but I’m giving it a shot. Selling just inside the expected move but below the 50 and 200 day.
Sold SPOT APR 30 2021 275.0 Put @ 3.10
#SPX7dteLong Bought to Open $SPX May 3rd 4165/4185-4195/4215 iron condors for 15.65, with SPX at 4190.
1-dte trade to follow in comments
#ShortPuts – Sold PINS APR 30 2021 70.0 Puts @ 1.35
Why didn’t they do this sooner?
April 26, 2021 11:19 PM ET (BZ Newswire) — News
GameStop Corporation (NYSE:GME) shares soared 22% higher in the regular and after-hours sessions combined on Monday.
What Happened: The video game retailer said Monday that it had completed its previously announced “at-the-market” equity offering in a statement.
GameStop completed the sale of 3.5 million shares of common stock and generated gross proceeds before commissions and expenses of nearly $551 million.
“Net proceeds will be used to continue accelerating GameStop’s transformation as well as for general corporate purposes and further strengthening the Company’s balance sheet,” as per the statement.
Also in April, GameStop issued an irrevocable notice of redemption to redeem $216.4 million in principal amount of its 10% Senior Notes due 2023 on April 30.
GameStop said the early redemption will cover the entire amount of its outstanding 10% Senior Notes, which makes up all its long-term debt.
#ShortPuts – Adding to the ladder.
Sold TQQQ MAY 21 2021 94.0 Put @ 2.30
I have cut back on my positions in the TQQQ at the higher strike prices. However, I am still short the 110 puts for this Friday and the 95 puts for May 14. I am comfortable with the 75 strikes and lower for the near future but, I have noticed that the volume on the down days is higher than the volume on the up days so I am being cautious.
#ShortPuts – Closing and opening.
Bought to Close SNOW APR 30 2021 220.0 Put @ .37 (sold for 6.40)
Sold SNOW MAY 21 2021 217.5 Put @ 3.50
#ShortPuts – Getting rid of my last straggler at the higher strikes.
Bought to Close LABU APR 30 2021 78.0 Put @ 1.24 (sold for 3.35)
Adjusting positions for the split:
Bought to close VXX(adj) 04/30/2021 14.0 Calls @ 0.01. Sold at 0.19 & 0.20.
Bought to close VXX(adj) 04/30/2021 12.5 Calls @ 0.01. Sold at 0.14.
Sold 1 VXX 05/21/2021 45.0 Covered Call @ $2.06
#ShortPuts – Going back in with new starter positions.
Sold LABU MAY 21 2021 65.0 Put @ 1.75
Sold LABU MAY 21 2021 68.0 Put @ 2.40
#ShortPuts – Replacing last week’s expiration.
Sold SNOW MAY 21 2021 217.5 Put @ 3.40
#ShortPuts – Adding…
Sold TQQQ MAY 21 2021 95.0 Put @ 2.35
#ShortPuts – A little early on this one.
Sold LAZR MAY 21 2021 22.5 Puts @ 1.70
Sold 1 LABU Apr 30 2021 87.5 Call at $1.83
#shortputs
$TQQQ BTC 6/18 55 put at .50. STO at 4.20. Thank you @jsd501
$TQQQ BTC 6/18 50 put at .40. STO at 3.16.
$PENN BTC 4/30 108 put and STO 5/7 107 put at added cost of .30
#coveredcalls
$TQQQ STO 4/30 113 call at 1.50
$BLNK STO 4/30 39.50 call at .90
$MRVL STO 4/30 48 call at .40
Sold TLRY Apr 30 2021 19.0 Diagonal Calls at $0.28, replacing calls that expired Friday
STO June 4, 80 put at 1.36
STO June 4, 110Puts at 8.05 for a small trade.
#ShortPuts – Adding to the earlier sale. Laddering out and down.
Sold OSTK MAY 7 2021 60.0 Put @ 1.85
Sold OSTK MAY 7 2021 57.5 Put @ 1.26
Sold OSTK MAY 14 2021 55.0 Put @ 1.25
#SPX7dteLong Bought to Open $SPX Apr 30th 4165/4185-4195/4215 iron condors for 15.45, with SPX at 4188.
Expected to expire the max credit of 20.00: Apr 26th 4130/4150 call spreads. Condors bought for 16.75 last Tuesday.
#SPX1dte Expected to expire worthless: Apr 26th 4120/4140-4235/4255 condors, sold Friday for 1.05.
#ShortPuts – Never got a chance to add to these. Taking them a few weeks early on the big run up to the 200 day.
Bought to Close LABU MAY 7 2021 60.0 Put @ .35 (sold for 2.55)
Bought to Close LABU MAY 14 2021 60.0 Put @ .80 (sold for 2.45)
#ShortPuts – Earnings not until Thursday but with the stock a little bit weak today throwing out a starter. Leaving room to add a couple more.
Sold OSTK APR 30 2021 62.5 Puts 1.82
Bought to close $AXP May 21 135 puts @ .44. Sold for 1.35 on Friday.
Sold to Open 1 LABU Apr 30 2021 85.0 Call at $1.50.
LABU = 80, up 5 already today
#Contango trade – a really long one
Bought to Open 4 Contracts 1 Jan 20 2023 2.0 Puts at $0.20.
Adjusted for Friday’s split this is like 1 Jan 2023 8.0 Put with the stock @ 39.65.
634 DTE (Days to Expiration)
#ShortPuts – Not a true earnings trade but still might get some of the volatility collapse unless the stock really tanks. Selling one and a half times the expected move and at recent lows and down near the 200 day.
Sold TSLA MAY 21 2021 575.0 Put @ 6.10
#OptionsExpiration – A few this week.
OSTK 67.5 Puts (sold for 1.20)
SNOW 225 Put (sold for 3.10)
Comparison after 300 days ….positions remain open
I should have mentioned in the original post that if the stock declines in value the BuPS adds to the loss…..
Appreciate all the posts and helpful culture of the site. Hoping this might help some out.
Over the past couple of weeks I increased my focus on writing CC’s against stocks with attractive dividends. I created the attached Google sheet to help out.
Worksheet has a fair amount of automation. User is responsible to add a ticker in the proper week from Jan to Mar. Ticker gets added in the appropriate spot for Q2,Q3 and Q4. Income sheet looks up the ticker on Yahoo and returns exdiv date and yield (yield is shown as a negative for some reason as exdate and yield are in the same Yahoo cell with yield in brackets). User adds the number of shares for the ticker on the income sheet. Worksheet calculates the monthly, quarterly and annual dividend income for the tickers you own.
i find it to be a good visual tool so you can see what is coming and not get shares called away because you miss the exdiv date. It also allows me to quickly identify potential candidates on my list.
Yahoo link seems to work well….but it can be slow. If I like using I might purchase a more reliable data source.c
A picture of what the first page looks like is below. Feel free to make suggestions.
https://docs.google.com/spreadsheets/d/1IpL-ogLz3YJQKfdKE7OtuIEaleRoBcCYHDCaK_dEbVY/edit?usp=sharing
#optionsexpiration
$LABU 50 put
$MRVL 47.5 put
#assignment
$MARA 50 put
$RIOT 57 put
$WYNN 132 put
EXPIRED:
== Calls ==
LABU 04/23/2021 76.0/135.0 Bear Call Spread
LABU 04/23/2021 80.0 Diagonal Call
SLB 04/23/2021 29.50/40.0 Bear Call Spreads
TLRY 04/23/2021 20.0/42.0 Bear Call Spread
TLRY 04/23/2021 20.5/43.0 Bear Call Spread
TLRY 04/23/2021 20.5/44.0 Bear Call Spread
WFC 04/23/2021 44.0 Diagonal Calls
VXX 04/23/2021 10.5/26.0 Bear Call Spreads
VXX 04/23/2021 11.0 Covered Calls
VXX 04/23/2021 11.5 Covered Calls
VXX 04/23/2021 12.0 Covered Calls
VXX 04/23/2021 12.5 Covered Calls
VXX 04/23/2021 13.0 Covered Calls
VXX 04/23/2021 13.5 Covered Calls
== Puts ==
LABU 04/23/2021 65.0/45.0 Bull Put Spread
LABU 04/23/2021 60.0 Diagonal Puts
TLRY 04/23/2021 15.0/12.0 Bull Put Spreads
TNA 04/23/2021 80.0 Diagonal Put
TQQQ 04/23/2021 99.0 Diagonal Put
WFC 04/23/2021 41.0/30.0 Bull Put Spreads
ASSIGNMENTS: None
#SPX1dte Sold to Open $SPX Apr 26th 4120/4140-4235/4255 iron condors for 1.05, with SPX at 4186, IV 7.15%, deltas -.07 +.06
Just like last week I thought after a weak open at 42.63 that these would expire.
Rolling up again.
Bought to close WFC Apr 23 2021 43.5 Calls / Sold to Open WFC Apr 30 2021 44.0 Calls @ 0.12 Credit.
Bought to close 1 TQQQ Apr 23 2021 109.0 Call at $0.97. Sold this last Friday on a rollup @ $4.42.
Replaced it with a short TQQQ Apr 30 2021 115.0 Call at $1.09.
At least the short TQQQ 99.0 Put will expire
The short puts worked well but I had to roll one of the calls,
Bought to close 1 LABU Apr 23 2021 74.0 Call / Sold to Open 1 LABU Apr 30 2021 80.0 Call Net Credit at $0.34 Credit.
Still holding out hope that my 76.0 and 80.0 calls expire shortly
It looks like the selloff after this morning’s gap may be over. Sold $SNAP May 21 45/53/65/72 iron condor @ 1.86. The wings are uneven (8 wide on the put side/7 wide on the call side) only because of strike availability in the May monthly expiration.
Rolled UVXY Apr 23 2021 5.0 Puts to UVXY Apr 30 2021 5.0 Puts at $0.18 Credit.
Sold against long June 4.0 and 5.0 Puts already in the account.
#SPX7dteLong Sold to close $SPX Apr 23rd 4170/4190 call spreads for 8.65. Coupled with 11.00 for put spreads yesterday, 19.65 total. Condors bought for 15.65 on Monday.
Sold to open $AXP 5/21 135 puts @ 1.35. Post-earnings with IV still elevated.
Bought to close VXX 04/23/2021 9.50 Diagonal Puts @ 0.01.
They won’t trade any lower and I’m out before tomorrow’s reverse split in VXX.
Sold these last week on a rolldown @ 0.18 average price.
#VXXContango
#shortputs
$O BTC 5/21 62.50 put and STO 5/21 67.5 put at added .70 credit
$CZR STO 4/30 94.50 put at 2.51
$SNOW BTC 4/30 220 put at 2.40. STO at 6.40. Market giving me the chills. Thank you @fuzzballl
#SPX7dteLong Bought to Open $SPX Apr 28th 4110/4130-4140/4160 iron condors for 16.95, with SPX at 4138
A rare chance to roll down the strike.
Bought to close VXX Apr 23 2021 10.5 Puts / Sold to Open VXX Apr 30 2021 10.0 Puts at $0.02 Credit.
Sold the 10.50 puts last Friday on a roll @ 0.85. Covered today @ 0.32.
The new short strike has now reached the strike of my long June 10 Puts.
#VXXContango
#shortputs
$TQQQ BTC 5/21 50 put at .10. Thank you @jsd501
Sold $JMIA 5/21 20/25/40/45 iron condor @ 1.58 with the stock at 30.15. Short puts are much closer than short calls but because of call skew this is more delta neutral/slightly bullish.
#SPX7dteLong Well, day could not end worse with SPX almost precisely in middle of the Dead Zone. Had the chance to sell for over 17 near the open but wanted to wait it out for max profit of 20.00. A Screamingly bullish day denied me. So I sold put side for .90 and call side for 1.35 in the last half hour of the day. 4145/4165-4175/4195 condors bought for 15.40 last Thursday, so 13.15 loss.
#SPX1dte Expiring worthless: 4050/4070-4180/4200 condors, sold yesterday for 1.00.
#ShortPuts – One of my bigger positions so taking it on the bounce today.
Bought to Close LABU APR 23 2021 70.0 Puts @ 2.08 (sold for 4.05)
Throwing a new starter out there too.
Sold LABU MAY 14 2021 60.0 Put @ 2.45
2 Rolls today
Rolled UVXY 7.0 Puts to next week for a 0.07 Credit
Rolled VXX 11.0 Puts to next week for a 0.17 Credit
As a partial offset to the short puts I sold earlier in the week,
Bought 1 LABU May 21 2021 100 Call / Sold to Open LABU Apr 23 2021 74.0 Call at $0.35 Credit
and
Sold 1 Sold to Open LABU Apr 23 2021 76.0 Call @ 0.65 against a long call already in the account.
That gives me 2 short straddles for this week:
Short 65.0/74.0 Straddle – total premium $3.30
Short 60.0/76.0 Straddle – total premium $2.30
#CoveredCalls – Stock was assigned at 450 but all the premium sold has reduced basis to 392.60. Rolling next week’s call to below my basis but with earnings the following week should be a decent roll opportunity if needed.
Rolled ROKU APR 30 2021 400.0 Call to APR 30 2021 370.0 Call @ 4.10 credit
