BTC December 4, 400 put at .35, sold at 6.05, thanks to Fuzzball for that idea.
Recent Updates Page 172
GOOGL
Taking a small spec. trade, BTO December 4, 1770/1785 bull call spread at 6.65 it looks like it wants to break higher.
NVAX Roll Call / PEP Call Close / TSLA Call Roll
$NVAX BTC 11/27 100 call and STO 12/4 105 call at added 1.48 credit and plus $5 if called away
$PEP BTC 11/27 146 call at .10. STO at 1.57. Covered by LEAP. Will sell again
$TSLA BTC 11/27 525 call and STO 12/4 550 call at debit of 2.48 but would gain $25 if called away. Stock at $563.
Naked Puts to Covered Call on SDC
https://coveredcallswithjeff.wordpress.com/2020/11/25/new-approach-to-entering-a-cc-position-selling-naked-put-getting-assigned-then-selling-calls/
Thanks Option Iceman.
VXX Rolls
Bought to close VXX Nov 27 2020 22.5 Puts / Sold to Open VXX Dec 04 2020 22.5 Puts at $0.11 Credit.
Bought to close VXX Nov 27 2020 21.5 Puts / Sold to Open VXX Dec 04 2020 21.5 Puts at $0.15 Credit.
Bought to close VXX Nov 27 2020 20.0 Puts / Sold to Open VXX Dec 04 2020 20.0 Puts at $0.25 Credit.
Because the market is never going down again I need to buy more time.
TDOC
#ShortPuts – Bought to Close TDOC DEC 04 2020 162.5 Put @ .25 (sold for 2.95)
DOCU & TSLA BWB
BTO DOCU Dec 04, 225 / 220 / 210 Broken Wing Put Butterfly @ $1.62 credit (downside b/e $213).
BTO TSLA Dec 04, 560 / 550 / 530 Broken Wing Put Butterfly @ $3.73 credit (downside b/e $537).
NVDA Covered Call
$NVDA STO 12/4 535 call at 8.50
TAN
#ShortPuts – I’ll take it a little early…
Bought to Close TAN DEC 18 2020 65.0 Puts @ .20 (sold for 1.35)
TSLA
#ShortPuts – Trading in two for a new one…
Bought to Close TSLA DEC 4 2020 400.0 Put @ .38 (sold for 5.80)
Bought to Close TSLA DEC 11 2020 325.0 Put @ .38 (sold for 4.25)
Sold TSLA DEC 11 475.0 Put @ 5.55
FYI, I use SMM and…
FYI, I use SMM and Minervini and right now Mark Minervini is cautious because he is not finding many good set ups and thinks we are over bought. SMM on the other hand thinks there is no alternative, TINA, so likes the market. My guess is that you have to watch the market and the pullbacks back to the MA’s. I think we go a bit higher into the end of the year unless there is a surprise event. Good luck.
SPY Roll
Bought to Close 1 SPY Nov 25 2020 357 Call / Sold to Open 1 SPY Dec 02 2020 358 Call at $0.39 Net Credit and bumped the strike price up a point..
Did this on the open because of possible liquidity issues on the pre-holiday.
CINF SPY VXX
Traveling today so posting all today’s trades:
Sold to Close 1 SPY Nov 27 2020 360 Call at $4.41 for a breakeven trade. Bought this as the long side of a SPY diagonal spread on 10/08 @ 4.38 and wrote against it a few times.
Sold t0 Open 1 CINF Dec 18 2020 85 diagonal call @ 1.05. Sold against an existing March 90 Call. Replacing a similar short call that expired Friday. #DoubleDip
Two new VXX Contango specials:
Bought to Open VXX Jun 18 2021 8.0 Puts / Sold VXX Dec 04 2020 17.0 Puts @ 0.06 Credit
Bought to Open VXX Jun 18 2021 7.0 Puts / Sold VXX Dec 04 2020 16.5 Puts @ 0.02 Credit
#VXXGame
TQQQ Put Closed
$TQQQ BTC 12/18 40 puts at .05. STO at 2.22. Thank you @jsd501
TSLA
STO….TSLA Jan 15 750/760/400 #jadelizard @$10.30…..No upside risk and b/e down at $389….
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 25th 3545/3565-3685/3705 iron condors for 1.05, SPX 3632, IV 14.2%, deltas -.06,+.07
SOXL,
BTC 55 puts at .05, these were sold a long time ago at 2.05
GDXJ
#ShortPuts – A small starter just to get some gold exposure…
Sold GDXJ JAN 15 2021 42.0 Puts @ .90
#fallingknife ARWR #shortputs ARWR is…
#fallingknife ARWR #shortputs
ARWR is down 7 after earnings, sold Dec. 18, 50 put for 1.00, stock at 61.
TQQQ,
STO December 4, 130 put at 1.41
STO December 11, 120 put at 1.65
SPX-7dte
#SPX7dteLong Sold to close partial of the $SPX Nov 25th 3615/3635 call spreads for 7.00… I’ll say these are the ones I added for 3.75 on Thursday. But I was too early as Upside Warning finally showing its strength with the vertical slope today… spreads are now at 11.45 and rising. Must decide whether to close today or wait for possible max credit tomorrow.
Also, bought to open $SPX Nov 30th 3605/3625-3635/3655 for 15.65, with SPX at 3630.
NFLX BWB
NFLX currently trading @ $478.50
BTO NFLX Dec 04, 490 / 480 / 460 Broken Wing Put Butterfly @ $1.40 credit
No risk to the upside (keep the credit) – downside breakeven $468.
Happy Healthy Thanksgiving To All
Especially to @jeffcp66 for all his inspiring trades and site wallpaper. And do not forget the podcasts.
Thanks to all for your wisdom and your sharing.
Stay well.
NIO Covered Strangle / TSLA Call Roll / TSLA Call / Electrifying
#shortstrangles
$NIO STO 11/27 51/55 covered strangle at 2.90
#syntheticcoveredcalls
$TSLA BTC 12/4 525 call and STO 12/11 540 call at added $2 credit. Sold against 12/18 long 450 call.
#coveredcalls
$TSLA STO 11/27 525 call at 12.79
MRO Covered Calls
Sold MRO Dec 18 2020 7.0 Covered Calls @ 0.11
LABU
STO March 40 puts at 2.30
#shortputs UAL
#shortputs UAL #closing CHGG
CHGG Oct. 26, sold a Nov. 20, 70 put for 1.60 at the exact wrong time, post earnings. Nov. 17 rolled to Dec. for 2.22. Closed today for 2.75.
UAL Sold Dec. 18, 38 put for 1.30
VXX Contango Special
Bought to Open VXX Jun 18 2021 9 Puts / Sold to Open VXX Dec 04 2020 17.5 Puts at $0.06 Credit.
Long side = 207 DTE
Short side = 11 DTE
#shortputs CVS #coveredcalls GPS CVS…
#shortputs CVS #coveredcalls GPS
CVS Sold Dec. 18, 65 put for 1.02
GPS sold Nov. 27, 28 call for .52 GPS has earnings Tuesday.
TSLA Iron Condor
TSLA almost a #jadelizard @smasty160 follow:
Sold Jan 300 / 380 – 740 / 750 Iron Condor @ $6.92 credit.
The long $300 put is for bankruptcy protection.
NVDA BWB
NVDA currently trading @ $526.50
BTO NVDA Dec 11, 530 / 520 / 500 Broken Wing Put Butterfly @ $2.67 credit
No risk to the upside (keep the credit) – downside breakeven $507.
If NVDA starts moving down towards the lower long strike will add a half cover of long Dec 11 / Dec 18, $495 put Calendars. They are currently selling at $3.00. Could add them now and take off later – they have a wide profit window from $470 to $520 and should hold their value rather well during the early days of the trade. The calendars reduce delta and the negative vega allowing me to stay in the trade longer if required.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Nov 27th 3540/3560-3570/3590 iron condors for 16.00, with SPX at 3568.
TQQQ
#ShortPuts – Thanks @jsd501 I didn’t see the little drop there. Adding to the ladder.
Sold TQQQ JAN 15 2021 90.0 Put @ 2.65
TQQQ
STO December 24, 105 puts at 2.30, scaling in small trades.
COST – Unbalanced Condor
COST @ $382
BTO 1 x COST Nov 20: $385 /$380 long PUT Vertical @ $ 2.77 debit
STO 2 x COST Nov 20: $375 / $370 short PUT Vertical @ $1.62 credit (x 2)
Total credit of $0.51 for the unbalanced Condor. Downside breakeven is around $372. No risk to the upside. Almost a carbon copy of a recent November trade, but this time for a credit and a wide profit zone.
BIIB
#CoveredCalls – Replacing this week’s a little early..
Sold BIIB DEC 18 2020 265.0 Call @ 5.70
EDIT: On second thought I don’t trust this thing to the upside with the rumors that must be floating around. No extra call sales on this one.
Bought to Close BIIB NOV 27 2020 260.0 Call @ .24 (sold for 2.35)
RH BWB
RH currently trading @ $442
BTO RH Dec 18, 460 / 440 / 410 Broken Wing Put Butterfly @ $2.25 credit
No risk to the upside (keep the credit) – downside breakeven $415.
Going back to the well on this one (mea culpa) – but RH never goes down for long!
AAL Covered Call
Sold 1 AAL Dec 18 2020 17.0 Call @ 0.17.
Bought the stock back on 3/17 @ 17.01 and I’ve been writing against it ever since.
NFLX
#ShortPuts – Stay at home stocks selling off a little again today. How low can they go? Once again selling outside the expected move and well below the 200ma. Also about 3 weeks prior to earnings so very rollable if needed…
Sold NFLX DEC 31 2020 425.0 Put @ 4.20
TSLA #jadelizard My Dec TSLA…
TSLA #jadelizard
My Dec TSLA Jade came off this morning for 50% profit, here’s a Jan reset:
$380 put (sell)/$740 call (sell)/$750 call (buy) $9.80 credit. $9.80 cr on a $10-wide call spread leaves $20 net risk to upside. BE delta is 9 on the downside. Basically risk free to upside.
Happy Thanksgiving!
Sue
PFE Call Was Exercised
$PFE 11/20 39 call
Stock closed at adjusted price of 38.88. Call holder
exercised at 39. Stock called away. Previously reported as expired. Ooops!
TDOC
#ShortPuts – Selling at the expected move, near recent lows and below the 200ma…
Sold TDOC DEC 24 2020 170.0 Put @ 2.96
WBA
Early roll to get the strike where I want it.
Bought to close WBA Nov 27 2020 38.5 Calls / Sold to Open WBA Dec 04 2020 40 Calls at $0.02 Credit.
Did a lateral roll out 2 weeks just before the Ex-Div date and before the Amazon announcement that tanked the stock.
I think the stock recovers by year end barring a sharp market selloff
IIPR
R
BTC December 18, 100 puts at .05, sold at 2.20
OptionsExpiration
BOOT #coveredcalls 35 call, #assignment, finally profitable on a long suffering position
GPS #coveredcalls 25 call
NKTR #shortputs 16 put
FEYE #shortputs 13 put
MRNA #shortputspread 65/70
M #shortputs 8 put 5 put
NKLA #shortputs 15 put
OXY #shortputs 8 put
DKNG #shortputs 40 put
WBA #shortputs 35 put
CCL #shortputs 12 put
UAL #shortputs 35 put
UNG #shortputs 8 put
CCL #coveredcalls #assignment 16 call
CNQ #coveredcalls #assignment 20 call
M #coveredcalls #assignment 8 call
OptionsExpiration
Expired:
WSM 92.5 / 97.5 – 110 / 115 Call (Unbalanced Iron Condor 1 x 2) – keep the $3.73 credit
TWLO 220 / 240 / 250 Put Butterfly – keep the $0.86 credit
RH 340 / 360 / 370 Put Butterfly – keep the $3.15 credit
IBB 137 Put / 143 Call strangle – keep the $8.45 credit
ZM 440 / 450 Put – 680 / 690 Call (Iron Condor) – closed out the ITM put spread for $7 debit. Glad it was only 1 contract!
Assignments:
BABA 292.5 / 312.5 / 322.5 long Put spread – $10.00 credit – (part of 292.5 / 312.5 / 322.5 BWB Put Butterfly that was split up with the ITM 312.5 / 292.5 ITM short put spread rolled out to January (see here )
PFE 38.5 Call – exercised, so my PFE stock called away – a messy change of option contracts due to the merger/demerger. Happy to have this cleaned up.
Expiration
#optionsexpiration
$TQQQ 35 put Thank you @jsd501
$NVTA 45 put
$TDOC 170 put Thank you @fuzzballl
$RDFN 55 calls
$NEO 50 calls
$VSTO 25 calls
$TLRY 9 calls
PFE 39 calls
$NVDA 535 calls
$DKNG 45 put
$DKNG 40 put Thank you @thomberg1201
$NEO 40 put
$PSTG 17.5
$VSTO 20 put
$T 26.5 put
$OLLI 82.5 put
$LI 22.5 put
$LI 25 put
$FTCH 44 put
$PLUG 23 put
VXX After the bell
Sold these to balance out some of my short puts with VXX @ 18.60
VXX Nov 27 2020 21.5 Calls at $0.1833
VXX Nov 27 2020 22 Calls at $0.15
VXX Nov 27 2020 22.5 Calls at $0.12
I have short Puts at these strikes that are currently ITM.
FYI
Markets will close early at 1:00 p.m. (1:15 p.m. for eligible options) on Friday, November 27, 2020, and are closed Thursday for Thanksgiving.
Options Expiration
Options Expiration / Assignment.
OA $USO Nov-20-2020 29 #CoveredCalls. Stock closed at 29.29 so this will be assigned.
SPX trades
#SPX1dte Sold to Open $SPX 3470/3490-3630/3650 iron condors for 1.20, SPX at 2566, IV 12.09%, deltas -.07,+.06
Expiring: Nov 20th 3485/3505-3640/3660 condors, sold yesterday for 1.15
#SPX7dteLong Expiring at max credit of 20.00: Nov 20th 3620/3600 put spreads. Condors bought Monday for 16.35.
#VIXIndicator The Upside Warning is not producing much yet, but the VIX action is so anemic that I don’t think we should be doubting it yet.
AAL
Sold 1 AAL Dec 11 2020 15.0 Covered Call @ 0.25.
Pretty good premium with the stock down at 12.50
VXX Put Roll Down
Bought to close VXX Nov 20 2020 18.5 Puts / Sold to Open VXX Nov 27 2020 18.0 Puts at $0.19 Credit plus I lowered the short strike 0.50.
Of course the minute I did this, the SPY dropped and VXX went to the high of the day
Now only waiting for my six short strike 18.0 Puts expire in an hour
#coveredcalls SNAP Bought 100 shares…
#coveredcalls SNAP
Bought 100 shares and sold Nov. 27, 44 call for 42.72.
#closing #jadelizard WYNN Nov. 12,…
#closing #jadelizard WYNN
Nov. 12, sold a post earnings Dec. 18, 77.50/90/92.50 for 3.50, closed today for 2.28
#jadelizard GME Sold Dec. 18,…
#jadelizard GME
Sold Dec. 18, 10/14/15 for 1.13
#tastytradefollow
TSLA
#ShortPuts – In a different account than today’s earlier sale…strictly a play on entering the S&P so way more directional than I usually go. Stops set on very profitable Dec 4th 400.0 and Dec 11th 325.0 strikes sold earlier so adding this on today’s slight weakness.
Sold TSLA DEC 18 2020 450.0 Put @ 18.55
Closing nat gas position
Bought to close $BOIL 12/18 60/70 bear call spread @ .10. Sold for 1.30 on 8/5. Nice profit but almost 4 months to get there even as the underlying was mostly trending down since August. Low liquidity played a big part as well, not allowing me to get out for a decent price. Finally able to take it off today. Barring any crazy moves in nat gas, I will probably avoid this one going forward.
VXX Roll
Bought to close VXX Nov 20 2020 20 Puts / Sold to Open VXX Nov 27 2020 20 Puts at $0.27 Credit.
Short trading week next week.
SPY Roll
Bought to close SPY Nov 20 2020 349 Call / Sold to Open SPY Nov 27 2020 350 Call at $0.15 Credit plus a 1 point bump in the short strike
SLB Covered Call Rolls
Bought to close SLB Nov 20 2020 19.0 Calls / Sold to Open SLB Nov 27 2020 19.0 Calls at $0.09 Credit.
Bought to close SLB Nov 20 2020 19.5 Calls / Sold to Open SLB Nov 27 2020 19.5 Calls at $0.20 and 0.22 Credit.
Bought to close SLB Nov 20 2020 20.0 Calls / Sold to Open SLB Nov 27 2020 20.5 Calls at $0.02 Credit but added 0.50 to the short strike (which is now OTM)
ADS
Last Friday I rolled my short calls up to 67.50 @ 1.30 for this week. Today I closed those @ 0.95.
In their place I sold ADS Nov 27 2020 70.0 Calls @ 1.10.
With the post-Covid high of 71.50 on the stock I don’t think I’ll have to roll up again.
Considering that the stock then dropped below 67.50 I might have done better by showing more patience and waiting for the last hour.
AAL
Rolled $AAL Nov-20-2020 13 #CoveredCalls // Dec-18-2020 14 @0.40 Credit.
Didn’t mean to go out to December, dammit.
OSTK
#CoveredCalls – Rolling but keeping a little downside protection…
Rolled OSTK NOV 20 2020 56.0 Calls to DEC 04 2020 57.0 Calls @ 1.20 credit
SPX 7-dte
#SPX7dteLong Sold to close $SPX Nov 23rd 3615/3595 put spreads for 15.00. Leaving call side to close later today or Monday. Condors bought for 16.35 on Tuesday.
There’s a good chance this will end up in trouble if market rises on Monday, so I’m getting out now for what will likely be break-even, if i can close call side on a spike higher this afternoon.
TSLA
#ShortPuts – Selling outside the expected move and below the 50ma…
Sold TSLA DEC 11 2020 400.0 Put @ 4.25
TQQQ
BTC November 20, 95 puts at .01
sold at 2.31
VXX Puts
Bought to Close VXX Nov 20 2020 17.5 Puts at $0.01 .
They won’t trade any lower.
The original trade was:
Bought to open VXX Jan 21 2022 5 Puts/ Sold to Open VXX Nov 20 2020 17.5 Puts at $0.02 and $0.05 Credit last Friday and on Monday.
I now own more 1 year long puts on VXX for free.
TSLA
In Striking Rebuke, Consumer Reports Finds Tesla Has Second-Worst Reliability Of Rated Cars.
I’m not surprised
https://www.zerohedge.com/technology/striking-rebuke-consumer-reports-finds-tesla-has-second-worst-reliability-all-automakers
WFC Covered Ladder
Sold WFC Nov 27 2020 28 Calls at $0.06
Sold WFC Dec 04 2020 28 Calls at $0.15
Sold WFC Dec 11 2020 28 Calls at $0.25.
WFC at 26
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 20th 3485/3505-3640/3660 iron condors for 1.15, SPX at 3578, IV 17.34%, deltas -.07,+.05.
VXX Put Rolls to next week
One less day to trade next week
Bought to close VXX Nov 20 2020 22.5 Puts / Sold to Open VXX Nov 27 2020 22.5 Puts at $0.22 Credit.
Bought to close VXX Nov 20 2020 20.5 Puts / Sold to Open VXX Nov 27 2020 20.5 Puts at $0.35 Credit.
Bringing in $Cash and buying time.
NVDA Earnings
#ShortPuts #Earnings – I’ll take ’em here…
Bought to Close NVDA NOV 20 2020 505.0 Put @ .35 (sold for 3.35)
Bought to Close NVDA NOV 20 2020 500.0 Put @ .30 (sold for 4.25)
AVGO Pre-Earnings
#ShortPuts – Selling at the expected move, below the 50ma and the week before earnings. Lousy fill…
Sold AVGO DEC 4 2020 360.0 Put @ 2.90
TWLO
STO January 15, 240 put at 5.40, stock trading at 298
AMD
STO January 15, 70 put at 1.10 with stock trading at 85
Options Bistro 