$VIX sitting at key level here with S&P near ATHs. Do we get a breakdown here with equities pushing higher, or a VIX spike with a market selloff? pic.twitter.com/OLoerQMX4z
— Tarek I. Saab (@FibLines) December 2, 2020
Recent Updates Page 171
TSLA
#ShortPuts – I normally wouldn’t get quite this aggressive but next week’s look pretty safe so taking advantage of the drop today and selling right at the expected move.
Sold TSLA DEC 24 2020 460.0 Put @ 9.80
LABU, BTC December 18, 35…
LABU, BTC December 18, 35 puts at .05, Sold at 1.90, not much chance of getting assigned but with over 2 weeks to go why not take the risk off the table for .05 cents.
#shortputs FCEL Sold Jan. 15,…
#shortputs #coveredcalls FCEL
Sold Jan. 15, 5.5 put for .72. FCEL down 18% today to 7.39.
#tastytradefollow
Bought 100 shares and sold a Dec. 18, 7 call for 6.00
#closing PYPL Following the good…
#longcallspread HD Bought a Jan….
Bought a Jan. 15, 270/280 call spread for 4.38.
This is a “TP says” pick from TastyTrade. He has 4 trades each week, I follow some. Like anyone else, he is right sometimes.
PYPL, BTC December 18, 170…
PYPL, BTC December 18, 170 put at .27, sold at 1.61
TSLA (Diagonal Jade Lizard?)
#JadeLizards – Not sure what this is really called. Selling a call spread two weeks out and a put one week out. No upside risk and possibly allowing an extra put sale the second week. Slightly bullish overall…
Sold TSLA DEC 11 2020 475.0 Put @ 3.40
Sold TSLA DEC 18 2020 590.0/595.0 Bear Call Spread @ 1.67
WBA
Since March the 50 Day MA has acted as resistance. Now the stock is above the 50Day. Hopefully it will now act as support.
AMD, BTC January 15, 70…
AMD, BTC January 15, 70 puts at .34, sold at 1.10
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Dec 7th 3635/3655-3665/3685 iron condors for 15.65, with SPX at 3659. Forgot to buy this one yesterday.
NVDA
#ShortPuts – This was originally a pretty conservative sale. Rolling up for a little more credit as it tries to break above the 50ma. Still outside the expected move.
Rolled NVDA DEC 18 2020 450.0 Put to DEC 18 2020 490 Put @ 2.60 credit (5.80 total now)
ZM put spread
Sold 1/15 360/350 bull put spread @ 2.60
GDXJ, BTC February 40 put…
GDXJ, BTC February 40 put at .62, sold at 1.05
I am thinking that Bitcoin may be replacing gold as an asset class. I do own 100 shares of GBTC and have a monster profit of $286.00
ZM
#ShortStrangles – Just to hopefully take advantage of the big selloff a little more rolling a put in and up to get to expiration sooner. New sale is at the expected move and offset by the earlier call sale.
Rolled ZM DEC 31 2020 325.0 Put to DEC 18 2020 360.0 Put @ 1.40 credit (5.60 total now)
VXX Contango special result
Bought to close all of my VXX Dec 04 2020 16.00 Diagonal puts @ 0.01. They won’t trade any lower.
On 11/27 I sold these while buying VXX Jun 21 2021 6.0 Puts @ 0.03 Credit. So now I’m left with more “free” long puts with 198 days until expiration.
Normal Contango drift down in VXX should take care of the long position.
Or consider it a lottery ticket.
Will repeat this kind of trade for next week too.
TQQQ
STO December 11, 160 put at 6.20,
GDXJ
#ShortPuts – Got well over half of this with a long way to go. Looking for a re-entry at some point.
Bought to Close GDXJ JAN 15 2021 42.0 Puts @ .29 (sold for .90)
ZM
#ShortStrangles – Selling against various short puts. 2 times the expected move and above the 20 and 50 day moving averages.
Sold ZM DEC 11 2020 500.0 Call @ 2.40
SPY Call Roll
Bought to Close 1 SPY Dec 02 2020 358 Call / Sold to Open 1 SPY Dec 09 2020 359 Call @ 0.45 Credit plus a 1 point higher strike.
At some point I’m going to have to roll my long Dec 18 2020 355.0 calls forward.
SPX 7-dte
#SPX7dte Sold to close $SPX Dec 2nd 3620/3600 put spreads for 1.25. Banking on 3630/3650 call side to make the bulk of profit. Condors bought last Wednesday for 16.00.
TDOC BWB – closeout
STC TDOC Dec 04, 192.5 / 185.0 / 172.5 Broken Wing Put Butterfly @ $1.50 credit.
Received a $0.78 credit when opening the trade (Nov 12) so a combined credit of $2.28.
SPX 1-dte
#SPX1dte Sold to Open (right after closing bell) $SPX Dec 2nd 3575/3595-3710/3730 iron condors for .90, SPX close at 3661, IV 13.6%, deltas: -.06, +.06
VXX Diagonal Call spreads
To balance out a large number of short put spreads, turning them into Condors.
Bought to Open VXX Jan 15 2021 43 Calls / Sold to Open VXX Dec 11 2020 19.5 Calls at $0.07 Credit.
Bought to Open VXX Jan 15 2021 45 Calls / Sold to Open VXX Dec 11 2020 20 Calls at $0.08 Credit.
Bought to Open VXX Jan 15 2021 50 Calls / Sold to Open VXX Dec 11 2020 20.5 Calls at $0.07 Credit.
Bought to Open VXX Jan 15 2021 55 Calls / Sold to Open VXX Dec 04 2020 18.5 Calls at $0.02 Credit.
GOOGL BUPS Partial Close (No Not the GOO part)
Markets
INMD, Sto December 18, 45…
INMD, Sto December 18, 45 put at 2.05, stock breaking out.
MRNA
#shortstrangles Legged into an MRNA strangle. STO yesterday Jan 110 put for 6. Blowoff move looks overdone. They just added new strikes for Friday’s expo . STO Dec04 230 call for 2.40
TSLA ZM
#ShortPuts – Closing the rally and selling the implosion…
Bought to Close TSLA DEC 11 2020 400.0 Put @ .69 (sold for 4.25)
Sold ZM DEC 31 2020 325.0 Put @ 4.20
#shortputs APPN Sold Dec. 18,…
#shortputs APPN
Sold Dec. 18, 110 put for 3.60. APPN has dropped from around 200 to around 139 since Thanksgiving.
ZM Earnings
#ShortStrangles #Earnings – Good enough…
Bought to Close ZM DEC 4 2020 380/600 Strangle @ 2.95 (sold for 6.50)
SPY Bear Diagonal Spread
Sold 1 SPY 12/04/2020 367.0 Call / Bought 1 SPY 12/14/2020 380.0 Call @ 1.72 Credit.
SPY at 365.80
WBA early roll
Bought to close WBA 12/04/2020 40.50 Covered Calls @ 0.10. Sold these on 11/27 @ 0.29.
Replaced them with short WBA 11/11/2020 40.50 Covered Calls @ 0.32.
WBA is at 38.90
ZM post earnings
#ShortPuts – Early on this…
Sold ZM DEC 11 2020 375.0 Put @ 5.00
Update on NIO Covered Call Strategy
https://coveredcallswithjeff.wordpress.com/2020/12/01/update-on-nio-covered-call-strategy-after-77-days-unrealized-profit-of-15175-roi-of-83-5-or-396-annualized/
Update on STE Covered Call Strategy after 180 Days
#coveredcalls $STE
https://coveredcallswithjeff.wordpress.com/2020/12/01/covered-call-strategy-on-ste-after-180-days-unrealized-profit-of-10045-32-6-roi-or-66-annualized/
TQQQ, STO December 4, 150…
TQQQ, STO December 4, 150 put at 2.06
ZM Earnings
#ShortStrangles #Earnings – In a different account than the first ZM trade…
Sold ZM DEC 4 2020 380/600 Strangle @ 6.50
AVGO NFLX
#ShortPuts – I’ll take ’em here…
Bought to Close AVGO DEC 04 2020 360.0 Put @ .20 (sold for 2.90)
Bought to Close NFLX DEC 04 2020 425.0 Put @ .13 (sold for 2.60)
MRNA NVAX Put Trying To Inoculate Against Loss
$MRNA STO 12/4 122 put at .80
$NVAX STO 12/4 125 put at 3.61
ZM Earnings
#ShortPuts – Not a true earnings play. Going out in time to sell down nearer to the 200ma…
Sold ZM DEC 31 2020 325.0 Put @ 3.34
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Dec 4th 3590/3610-3620/3640 iron condors for 16.45, with SPX at 3615.
Volatility has dropped, but still above 20. Today is the first expiration where this strategy has “missed” in several weeks. We may be in consolidation near 3600 so it could become tricky for awhile here.
TQQQ, STO December 11, 135…
TQQQ, STO December 11, 135 put at 1.69
INTC
Running in a weak market up to 48.00
The last rung of my INTC 45 put ladder expires Friday
Snow
Off topic
First snow of the season in the Ohio valley today.
Fires and hot chocolate tonight
Ex-div tomorrow
Copied from Twitter, can’t speak to the accuracy.
$AVT 0.21
$COST 10.0
$EA 0.17
$EMB* 0.5
$GS 1.25
$HYG* 0.5
$ITUB 0.0
$LQD* 0.4
$NAT 0.04
$NFE 0.1
$PFF* 0.3
$PFG 0.56
$PJT 0.05
$SLB 0.12
$TLT* 0.4
$VRT 0.01
$WSR 0.04
#fallingknife NKLA Risky-down $6, 22%.
#fallingknife NKLA
Risky-down $6, 22%.
#coveredcalls SNAP Bought 100 shares…
#coveredcalls SNAP
Bought 100 shares and sold a Dec. 4, 46 call for 44.14. SNAP is at 44.89 or so, down a dollar and change.
SPX 3 day trade
Sold $SPX 12/2 3505/3530/3660/3685 iron condor @ 4.30. Short puts 13 delta, short calls 15 delta.
TQQQ
#ShortPuts – Sold TQQQ JAN 15 2021 95.0 Put @ 2.00
VXX Diagonal Calls
Sold all the following on the move of VXX to 18 :
VXX Dec 04 2020 20.0 Calls at $0.23
VXX Dec 04 2020 20.5 Calls at $0.19
VXX Dec 04 2020 21.0 Calls at $0.15
Replaces similar calls that expired Friday.
#DoubleDip
AAL BePS
BTO 11 Dec 14.5/13.5 BePS for .51
#closing TWTR Nov. 11, sold…
#closing TWTR
Nov. 11, sold a 39 put for 1.00, post earnings. I bought it today for .19.
BABA
#ShortPuts – Lots of uncertainty with the vote on Wed so taking a small winner now.
Bought to Close BABA DEC 11 2020 250.0 Put @ 1.90 (sold for 3.35)
APPS,
STO December 18, 35 puts at .65, I should have waited.
SPX 7-dte
#SPX7dteLong Sold to close $SPX Nov 30th 3625/3605 put spreads for 6.10. Condors bought last Tuesday for 15.65. trading in the dead zone this morning but I am banking that we won’t go much lower and will rebound into afternoon, so i can get some scratch for the call side. Likely a loss, but fortunately this was the cheapest i have ever paid for a condor in this strategy.
DKNG MRVL Put
$DKNG STO 12/4 51 put at 1.30
$MRVL STO 12/4 43.50 put at .75
IB Nov Update and Positions
https://coveredcallswithjeff.wordpress.com/2020/11/30/good-nov-in-ib-account-but-not-back-to-high/
Smasty – looking for input/comment
I established a CC + Put Protection (*.98) strategy for SDC. SDC has moved up from $9.72 to $12.10. I rolled the short calls from $9.50 to $11 to $12. The Put was at $8.50 and it is now worth $0. Would you usually roll the Put up when the stock runs up as the appreciation is no longer protected or just let the stock get called (assuming it stays above $12) away and do a reset.
Expirations
$NIO 51 put
$DKNG 51.5 put
FSLR OSTK
#CoveredCalls – Just a couple rolls today. Not much else to do but sit and watch the time value come out of everything…
Rolled FSLR NOV 27 2020 81.0 Calls to DEC 31 2020 82.0 Calls @ .12 credit
Rolled OSTK NOV 27 2020 58.5 Calls to DEC 11 2020 59.5 Calls @ .29 credit
SPX trades
#SPX1dte Sold to open $SPX Nov 30th 3525/3545-3685-3705 iron condors for 1.05, SPX at 3630, IV 11.4%, deltas -.06,+.06
Expiring: Nov 27th 3570/3590-3680/3700 condors, sold Wednesday for 1.20.
#SPX7dteLong Expiring at max 20.00 credit: Nov 27th 3570/3590 call spreads. Condors bought for 16.00 on Monday.
INTC Covered Call rollup
Bought to close INTC Nov 27 2020 47 Call / Sold to Open INTC Dec 04 2020 47.5 Call at $0.17 Credit plus another $0.50 on the short strike.
I’m not ready to give away this stock just yet.
VXX Put rolldown
Bought to Close VXX Nov 27 2020 17.5 Puts / Sold to Open VXX Dec 04 2020 17.0 Puts at $0.09 Credit and lowered the strike 0.50.
TSLA
BTO TSLA Dec 04, 620 / 640 / 660 Call Butterfly @ $1.63 debit.
WFC Covered Ladder Rollup
Bought to close WFC Nov 27 2020 28.0 Calls / Sold to Open WFC Dec 18 2020 30.0 Calls @ 0.07 Credit.
Added $2.00 to the short strike.
This stock is running after multiple upgrades since the stock was 26 when I put on the original short call and is now over 28.
WBA Covered Call Rollup
Bought to Close WBA Nov 27 2020 40 Call at $0.07
Sold to Open WBA Dec 04 2020 40.5 Call at $0.29.
Added $0.50 to my short strike plus the 0.22 net credit.
This company seems to be shaking off the Amazon challenge to their business.
SLB Roll
Rolled SLB 11-27-2020 20 #CoveredCall // Dec-18-2020 20@ 0.25 credit.
DKNG Puts
$DKNG STO 11/27 51.50 puts at .30
$TSLA BUPS Closed / TSLA Roll CC
$TSLA BTC 12/18 392/400 BUPS at .20. STO at 2.78
$TSLA BTC 12/4 550 call and STO 12/11 570 call at debit of .58 but would gain $20 more if called away. Stock at $574. Since covering on 11/23, rolled twice and have netted 9.37 credit and added 45 if stock called away. Wish I had a net.
SQ Dec
Sold 12/18 185 put @ 2.25
SPX trades
#SPX1dte Sold to Open $SPX Nov 27th 3570/3590-3680/3700 iron condors for 1.20, SPX at 3633, IV 9.6%, deltas -.10, +.05. Leaning bullish for two reasons: I think we’ll go a bit higher into the close, and the half-day after thanksgiving is typically quiet.
Expiring: Nov 25th 3545/3565-3685/3705 condors, sold yesterday for 1.05
#SPX7dteLong Expecting a profitable expiration of Nov 25th 3615/3635, bought last Wednesday for 9.50. If I don’t get the max 20.00, it will still be a good trade.
O.T. It looks like the…
O.T. It looks like the day is finished early. Have a nice thanks giving to everyone.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Dec 2nd 3600/3620-3630/3650 iron condors for 16.00, with SPX at 3627.
Happy Thanksgiving
Health Prosperity and Happiness to all the bistroites.
Thankful for a lot and the Bistro Posse is one of them.
Options Bistro 