STO 24 Dec 45 Put for .57
Recent Updates Page 169
PYPL,
STO January 15, 200 put at 2.70
REGI,
STO January 15, 55 put at 1.80
LAZR
#ShortPuts – Added one..
Sold LAZR JAN 15 2021 20.0 Put @ 1.50
#earningsFDX STO BuPS, 24 Dec…
#earningsFDX
STO BuPS, 24 Dec 272.5/262.5 for 1.20
FDX reports Thursday
#coveredcallsVLDR Bought VLDR at 19.39…
#coveredcallsVLDR
Bought VLDR at 19.39
STO 15 Jan 30C for 1.00
CHWY Puts Closed / Rolled NVAX MRVL Put / Rolled NVDA Call
#shortputs
$CHWY BTC 12/18 70 put at .10. STO at 1.22. Earnings trade with @fuzzballl
$NVAX BTC 12/11 120 and STO 12/18 120 put at added credit of $5. Total credit taken in at $9.
$MRVL BTC 12/11 44 and STO 12/18 43 put at added credit of .05 (yes a nickel). Total credit taken in at $1.83 while reducing strike by a $1.00.
#coveredcalls
$NVDA BTC 12/18 545 and STO 12/24 540 at added $4.10.
Expirations
Expired 1 x COST Dec 11: $375 /$370 long PUT Vertical / 2 x Dec 11: $365 / $360 short PUT Vertical – managed to sell the long PUT vertical @ $0.60 (strange that it filled 1 minute before market close) – the Unbalanced Condor was entered for a $0.51 credit so a net credit of $1.11.
Expired worthless ETSY Dec 11, 165 / 155 / 145 Broken Wing Put Butterfly (BTO @ $0.95 credit).
Expired worthless TWLO Dec 11, 325 / 315 / 295 Broken Wing Put Butterfly (BTO @ $1.40 credit).
VXX Puts and Calls
Bought to close VXX 12/11/2020 17.50 Diagonal Puts @ 0.01. They won’t trade any lower.
This was a pretty big position so I’m happy to pay the penny. Sold last Friday on a rolldown @ 0.95.
Also closed VXX Dec 11 2020 18 Calls at $0.08 (sold @ 0.17 & at 0.23)
Replaced them with short VXX Dec 18 2020 23 Calls @ 0.20 for a 0.12 Credit Plus 5 BIG points higher on the short strike.
(I wish Put rolls were this easy for just one more week.)
SNOW
#ShortPuts – Filled on the late drop…
Sold SNOW JAN 08 2021 260.0 Put @ 4.00
AMZN
Bought to open AMZN Jan 15 2021 3,300 Call / Sold to open TSLA Dec 24 3120 Call @ 7.40 Credit.
VIX
The VIX is all over the map today
Above 25 in the pre-market
Then down under 23 early
Then above 25 midday
Now down to 23 again.
Whew!!
BIIB OSTK SNOW
#CoveredCalls #OptionsExpiration – Slow day today. Out most of the morning. Sold some, rolled some, and ignored some. 🙂 🙂
BIIB: Covered. Rolled to keep the theta cranking…
Rolled BIIB DEC 18 2020 265.0 Call to BIIB DEC 31 2020 260.0 Call @ 4.25 credit (9.95 total now)
OSTK: Covered. New sale replacing this week’s…
Sold OSTK DEC 18 2020 56.0 Calls @ 2.00
Expiring: 59.5 Calls (sold for 1.65)
SNOW:
Expiring: 330 Put (sold for 3.05)
Have a great weekend!
TSLA
Premium is not exactly collapsing, but it’s coming down nicely. The 5 delta #shortstrangle expiring next week still has a pretty rich premium. The 460/840 is trading at 4.60.
TQQQ,
I am short the 135 puts that expire today and have a bid in at .01 cent. I just refuse to pay anymore than that to close the trade.
TQQQ,
STO December 31, 130 put at 3.50
SPX trades
#SPX1dte Sold to Open $SPX Dec 14th 3540/3560-3720/3740 iron condors for 1.05, SPX at 3568, IV 13.4%, deltas: -.06, +.06
Expected to expire: Dec 11th 3585/3605-3720/3740 condors, sold yesterday for .90.
QCOM
QCOM is down 8% today
STO QCOM Dec24’20 135 PUT @1.36
#shortputs TQQQ Rolled my 31…
#shortputs
TQQQ Rolled my 31 Dec 142P to 8 Jan 140P for 1.86
Total credit now 5.07
#shortputs LAZR Rolled my 15…
#shortputs
LAZR Rolled my 15 Jan 25P to 19 Feb 22.5P for .65
Total credit now 3.15
#coveredcalls CCL STO 24 Dec…
#coveredcalls
CCL STO 24 Dec 26 call for .42
.20 Delta
SPX 7-dte
#SPX7dteLong. Sold to close $SPX Dec 14th 3710/3730 call spreads for 1.25. Put side sold for 12.60 on Wednesday. Condors bought for 15.40 on Tuesday, so loss is 1.65.
Now I’m rooting to stay below 3665 today for max credit on today’s expiry.
AAL
Closing AAL Dec-20-2020 14 #CoveredCalls+underlying stock @13.95.
A bit of clearing the decks going into the end of the year.
TQQQ, STO December 24, 135…
TQQQ, STO December 24, 135 puts at 2.60
VXX – creating straddles
I’m already short the puts for next week so I’m adding the calls to create Iron Condor Calendar spreads
Sold VXX 12/18/2020 21.0 Diagonal Calls @ 0.35
Sold VXX 12/18/2020 21.5 Diagonal Calls @ 0.32
Sold VXX 12/18/2020 22.0 Diagonal Calls @ 0.29
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 11th 3585/3605-3720/3740 iron condors for .90, SPX at 3671, IV 13.8%, deltas -.06,+.06
Diagonal Back Spread – SBUX
Sell 1 x Jan 21 $105 call, Buy 2 x Apr 16 $110 call @ $5.64 debit.
Test case for how this setup performs over time. Ideally looking for structuring the trade so the sale of call finances all, or most of, the cost of the 2 long calls (McMillan thinks it is possible) – but I’m not too sure.
SPX 7-dte
#SPX7dteLong – Bought to Open $SPX Dec 16th 3640/3660-3670/3690 iron condors for 16.65, with SPX at 3663.
COST #earnings Here’s a trade…
COST #earnings
Here’s a trade I just executed very similar to CHWY. Uses call skew for bullish play, financed by a short put, no upside risk, downside BE is about $362.60, right at expected move. Traded small for assignment. On these trades the T1 line can rise above the max P/L line, if the stock price is close to, but below, the call fly. So on a down move it’s important to be nimble for an advantageous close.
Dec 11 Expiration
Call Skew Fly: 2/3/1 372.5/375/377.5 for 1.43 debit
Short Put: 362.5 $1.24 cr
MRNA
Still has a high IVR. Sold next week’s 210 call for 1.75 to pair with my Jan 110 put. My Dec11 210 and 220 calls should expire worthless tomorrow.
RH
#ShortCalls – Selling against a couple short puts I’ve got floating around out there. Giving Mr. Market something to shoot for…
Sold RH DEC 18 2020 485.0 Call @ 2.35
RH Post Earnings
#ShortPuts – Selling outside the expected move and below the 50ma down near recent lows…
Sold RH DEC 31 2020 375.0 Put @ 4.00
VXX Contango special result
11/24 Bought to Open VXX Jun 18 2021 8.0 Puts / Sold VXX Dec 04 2020 17.0 Puts @ 0.06 Credit.
12/04 Bought to close VXX Dec 04 2020 17 Puts at $0.02. Rolled to VXX Dec 11 2020 16 Puts at $0.10.
Today covered the VXX Dec 11 2020 16 Puts at $0.01.
They won’t trade any lower.
Adding the now “Free” VXX June 2021 puts to my growing portfolio of these with 190 Days to expiration (DTE)
Musk Inc.
Unmanned SpaceX Starship Flight Test Ends In Massive Fireball
RH Earnings
#ShortPuts – This is nuts but what the heck…been a good earnings season so far. At the 50ma and the expected move.
Sold RH DEC 18 2020 400.0 Put @ 7.44
#shortputs CHWY LAZR CHWY Sold…
#shortputs CHWY LAZR #shortstrangles DKNG
CHWY Sold Jan. 15, 65 put for 1.76, Stock is at 75, down $4 today after earnings yesterday
LAZR Sold Jan. 15, 20 put for .90, stock is around 36.50, down around $5
DKNG sold Jan. 15, 40/65 for 2.10
#tastytradefollow
#TQQQ SOLD TQQQ 18 DEC…
#TQQQ
SOLD TQQQ 18 DEC 20 133 PUT @1.50
9DTE
Elon’s Big Rocket
#OffTopic – Trying again today in about 15 minutes if anyone is interested.
SPX trades
#SPX7dteLong Following my own suggestion from earlier and legging out on the swings, sold to close $SPX Dec 14th 3700/3680 put spreads for 12.60. Condors bought yesterday for 15.40. If this is the start of a big drop, this loss is fairly small. But I think it is more likely to see some bounce by Monday, which means I can then sell the call side.
TQQQ, STO January 8, 115…
TQQQ, STO January 8, 115 put at 2.65
TQQQ
In an IRA STO Dec18 135 #shortputs for 1.45, 11 delta with 9 days to OpEx.
NFLX
#BullPutSpreads – Trying something a little different. Instead of naked going with the wide spread with plans to close the long side on a bigger pullback to make a little extra. Selling a week or two before next earnings at the expected move and below the 200ma.
Sold NFLX JAN 8 2021 450.0/400.0 Bull Put Spread @ 4.31
TSLA – a profitable 2 days
A #CreditCredit trade
On Monday I Bought to open TSLA Jan 15 2021 1,000 Call / Sold to open TSLA Dec 11 2020 670 Call @ 0.67 Credit.
Closed both sides this afternoon at 7.52 Credit. Releases $33k spread requirement 2 DAYS EARLY.
Surprisingly I made more on the long side than I made on the short side even though the stock is down.
RLGY, STO, January 15, 12.50…
RLGY, STO, January 15, 12.50 put at .50 cents
SNOW,STO, STO 275 puts at 3.50
TQQQ, STO January 15, 110 puts at 2.52
TQQQ, STO January22, 105 puts at 2.65
SQ
BTC with GTC order SQ Dec 18 185 Put @.35…..Was STO 11/25 @2.25
REGN
Oldie but a goodie coming into view. Got it back on the primary watchlist. 400 with put sales well below that is the target eventually…
SNOW
#ShortPuts – Size reduction and safety…
Bought to Close SNOW DEC 18 2020 265.0 Put @ 1.10 (sold for 3.20)
LAZR
#ShortPuts – Jumped back in a little earlier. Can do better now. Even with the selling today the 17.5 and 20 strikes weren’t gaining much value so bumping it up another strike.
Sold LAZR JAN 15 2021 22.5 Puts @ 1.70
TQQQ
#ShortPuts – Replacing some positions that were closed earlier. Slightly higher strikes but still almost 2x the expected move and near the 200ma.
Sold TQQQ JAN 8 2021 115.0 Put @ 2.25
Sold TQQQ JAN 15 2021 110.0 Put @ 2.45
Sold TQQQ JAN 15 2021 105.0 Put @ 2.00
Sold TQQQ JAN 22 2021 105.0 Put @ 2.45
Sold TQQQ JAN 22 2021 100.0 Put @ 2.30
VXX Calls
Bought to open VXX Jan 15 2021 48.0 Calls / Sold to Open VXX Dec 11 2020 18.0 Calls @ 0.02 Credit with VXX at 17.00 and with less than 2 1/2 days until the expiration of the short.
With all the short puts I have, I would welcome a move to the short strike by Friday. The 5-day high on VXX is 17.57 though.
SPX 7-dte
#SPX7dteLong Morning started out great, now a sticky situation. Sold to close $SPX Dec 9th 3665/3645 put spreads for 1.40. Looking for recovery from these lows to close out the 3675/3695 call side.
TQQQ,
BTC December 11, 120 puts at .01
VXX Weekly Put rolls
Bought to Close VXX Dec 11 2020 22.5 Puts / Sold to Open VXX Dec 18 2020 22.5 Puts at $0.13 Credit.
Bought to Close VXX Dec 11 2020 21.5 Puts / Sold to Open VXX Dec 18 2020 21.5 Puts at $0.17 Credit.
Bought to Close VXX Dec 11 2020 20.5 Puts / Sold to Open VXX Dec 18 2020 20.5 Puts at $0.22 Credit.
Squeezed all the time premium out of this week’s positions.
Someday the market will correct.
DOCU Iron Condor
Sold $DOCU 1/15 185/195/260/270 iron condor @ 2.95 with the stock trading around 225. Short puts 17 delta, short calls 22 delta. IV rank 31.
TQQQ,
STO December 18, 143 put at 1.12
WBA early Rollup
Bought to close WBA Dec 11 2020 40.5 Call / Sold to Open WBA Dec 18 2020 41.0 Call @ $0.12 Credit.
Finally worked the covered call strike up above my highest stock cost of 40.93 from 08/17/2020
TSLA
STO Dec18 480/950 #shortstrangles for 6.85. The strikes are 6 delta with 9 days to opex. IV is expanding. TW shows the IV coming out BB squeeze.
SNOW
#ShortPuts – Replacing this week’s. Still decent premium here. Selling 1.5x the expected move and at the 50ma.
Sold SNOW DEC 31 2020 275.0 Put @ 3.40
TQQQ
#ShortPuts – Taking these 37 days early at about 70 percent of max…
Bought to Close TQQQ JAN 15 2021 80.0 Put @ .54 (sold for 2.00)
Bought to Close TQQQ JAN 15 2021 85.0 Put @ .68 (sold for 2.55)
Bought to Close TQQQ JAN 15 2021 90.0 Put @ .80 (sold for 2.65)
Bought to Close TQQQ JAN 15 2021 95.0 Put @ .96 (sold for 2.00)
#closing #shortputs LAZR Dec. 3,…
#closing #shortputs LAZR
Dec. 3, sold a Jan. 15, 15 put for 1.35, bought today for .24.
Thanks @fuzzballl for the ticker.
#rolling #earnings SFIX Dec. 7…
CHWY LAZR VLDR ZM
#ShortPuts #Earnings – A few this morning…
CHWY: Closing the quickie earnings play.
Bought to Close CHWY DEC 18 2020 70.0 Puts @ .80 (sold for 1.36)
Bought to Close CHWY DEC 18 2020 68.0 Puts @ .45 (sold for .93)
LAZR: Taking the one day profit. Looking to re-load.
Bought to Close LAZR JAN 15 2021 20.0 Puts @ .85 (sold for 1.53)
VLDR: First time in this one. LAZR competitor.
Sold VLDR JAN 15 2021 15.0 Puts @ 1.50
ZM: Reducing size since looking weak.
Bought to Close ZM DEC 11 2020 375.0 Put @ 1.90 (sold for 5.00)
Bought to Close ZM DEC 11 2020 500.0 Call @ .10 (sold for 2.40)
Bought to Close ZM DEC 18 2020 360.0 Put @ 3.60 (sold for 5.60)
PENN T Puts
$PENN STO 12/11 76 puts at 1.23
$PENN STO 12/18 73 puts at 1.84
$T STO 12/18 31 puts at .30
NFLX Iron Cockroach
NFLX @ $513.
STO NFLX Dec 18, 515 / 520 Call credit spread + 510 / 500 Put credit spread @$6.31 credit for the combo.
Downside max loss $3.69 ($10 spread width – $6.31 credit received). Downside breakeven NFLX @ $503.
CHWY Earnings
#ShortPuts #Earnings – Going out a week and selling the expected move and just above the 50ma. Small position..
Sold CHWY DEC 18 2020 68.0 Puts @ .93
SPX7dte
#SPX7dteLong Bought to Open $SPX Dec 14th 3680/3700-3710/3730 iron condors for 15.40, with SPX at 3702.
TSLA
Rolled Jan15 400 Put up to Jan 15 450 Put for $5.00 credit
Total credit now @ 15.30
New b/e @ 434.70.
Orig trade Jan 15 750/760/400 @10.30 b/e @ 389.70
CHWY #earnings I’m bullish, there’s…
CHWY #earnings
I’m bullish, there’s big call skew in this ticker. I’ve been having good success orienting unbalanced flies to take advantage of the skew. Market Mindset on TT has been talking about this a lot too, with their “broken heart” trade. Admittedly I usually position earnings for way more downside room, so we’ll see how this goes.
So here’s my executed trade for earnings:
Dec 11
Skew Fly (with net 4.42 volatility edge, found via vol sum):
Bought qty 2 78 call
Sold Qty 3 85 call
Bought qty 1 95 call
Net Debit 2.99
For finance:
Sold qty 2 72 put @ 1.40
No upside risk, downside risk is assignment of 200 shares
Closing DOCU
Bought to close $DOCU 12/18 260/270 bear call spread @ .55. Sold for 1.90 on 12/4.
NEO Put
$NEO STO 1/15/2021 45 put at 1.40
TLRY Strangle / TDOC Put Rolled
$TLRY STO 12/11 8/9 strangle at .50
$TDOC BTC 12/24 170 and STO 12/24 177.50 for added credit of 2.10. Thank you @fuzzballl
COUP
#ShortPuts – Going pretty aggressive. Premium looks nice enough for an easy roll or good covered call if needed. Selling at the expected move and in between the 50 and 200 moving averages.
Sold COUP DEC 31 2020 280.0 Put @ 5.30
LAZR
#ShortPuts – Starting with half size hoping to add lower…
Sold LAZR JAN 15 2021 20.0 Puts @ 1.53
EDIT: Starting to get some decent volume. Give us weeklies! 🙂 🙂
TSLA
#ShortPuts – Booking and adding…
Bought to Close TSLA DEC 11 2020 475.0 Put @ .25 (sold for 5.55)
Sold TSLA DEC 31 2020 450.0 Put @ 6.80
NFLX
#ShortPuts – Taking it early…
Bought to Close NFLX DEC 31 2020 425.0 Put @ 1.00 (sold for 4.20)
Options Bistro 