Link to calendar: https://research.investors.com/economic-calendar/
Recent Updates Page 174
VXX Put Roll
Bought to close VXX 11/13/2020 19.50 Puts / Sold VXX 11/20/2020 18.50 Puts @ 0.08 Credit but I dropped the strike price a full point.
My short strikes are rapidly approaching the long strikes in January.
Still waiting to see if I will have to cover the 19.0 Puts later this afternoon
SPY – selling out a long call
Sold 1 SPY 11/20/2020 355.0 Call @ 4.57.
Bought this on 10/05 as part of a diagonal spread @ 4.23.
I wrote against this several more times after the original short was gone.
Now with only a week to go until it expires, I’m cashing in my chips on this one.
I’m probably early …. but oh well
BYND Earnings
#JadeLizards – Looking weak so bailing now…
Bought to Close BYND NOV 13 2020 125.0/120.0/124.0 Jade Lizard @ 4.40 (sold for 4.14)
#shortputs PINS Sold Dec. 18,…
#shortputs PINS
Sold Dec. 18, 55 put for 1.99.
#closing PFE Nov. 11 I…
#closing PFE
Nov. 11 I bought a Jan. 15, 40 call, a successful vaccine bet, sold it today. Yesterday PFE announced a spin off that would make my call a non standard call. I am taking an $8 loss and will likely buy back in next week.
“Pfizer Inc. (PFE) has announced a spinoff distribution of its subsidiary Upjohn Inc. (“Newco”). Immediately following the spinoff, Newco will merge into Mylan N.V. (MYL), and the combined company will be renamed Viatris Inc. (VTRS). The distribution ratio is approximately 0.1247 of a VTRS share for each PFE share held. The NYSE has set November 17, 2020, as the ex-distribution date.”
DKNG Earnings
#ShortPuts #Earnings #OneNightStand – Quick and easy…
Bought to Close DKNG NOV 20 2020 37.0 Puts @ .20 (sold for .90)
SLB Covered Calls
Sold SLB NOV 20 2020 $19.0 Covered Calls @ 0.17 for next week.
VXX New Diagonal
Bought to Open VXX Jan 21 2022 5.0 Puts Net Credit / Sold to Open VXX Nov 20 2020 17.5 Puts @ 0.02 Credit.
Long side – 434 DTE
Short side – 7 DTE
DKNG Earnings
#ShortPuts #Earnings – Looks like I dodged the BYND bullet so taking another shot at earnings. Going out an extra week…
Sold DKNG NOV 20 2020 37.0 Puts @ .90
#closing DKNG Sept. 25, sold…
#closing DKNG
Sept. 25, sold a Nov. 20, 35 put for 1.05. Closed today for .44
Oct. 28, sold a Nov. 20, 52.50 call for .80. Closed today for .29.
Earnings tomorrow, decided to cash in my chips.
SPY early Roll
Bought to close 1 SPY 11/13/2002 340.0 Call / Sold 1 SPY 11/18/341.0 Call @ 0.07 Credit with SPY at 352.29
Bumped the strike up 1 point closer to my long Dec 355 call.
Even if SPY falls more tomorrow, I doubt the spread between the options changes much because they are too far in the money.
VXX
Since I’ve rolled most of my short put exposure to next Friday, I’m selling some counter-balancing calls to create some short strangles.
Sold 11/20/2020 26.0 Calls @ 0.39 with VXX at 20.30.
Also sold some more calls for this week – Sold VXX 11/09/2020 23.50 Calls @ 0.11.
Trying to encourage a few short puts in VXX to expire tomorrow.
Edit: Added some VXX 11/13/2020 23.0 short Diagonal Calls @ 0.11 and 0.15
SPX 7-dte
#SPX7dteLong Sold to Close $SPX Nov 13th 3600/3580 put spreads for 18.30. Condors bought Monday for 17.25.
This leaves the call side available and eliminates upside risk. I will look for a reversal to take profits, but if I dont get one the trade is already profitable.
TDOC BWB
TDOC currently trading @ $185
BTO TDOC Dec 04, 192.5 / 185.0 / 172.5 Broken Wing Put Butterfly @ $0.78 credit.
No risk to the upside (keep the credit) – downside breakeven $177.
VXX Puts
One more early roll that brings my short strike closer to the strikes of my 2021 long puts
Bringing in $Cash and buying more time
Bought to close to Close VXX Nov 13 2020 22.0 Puts / Sold to Open VXX Nov 20 2020 21.5 Puts @ 0.02 Credit but lowered the strike 0.50.
I now only have strike 19.0 and 19.50 puts to worry about for tomorrow.
A covering trade @ 0.01 or an expiration on both would be welcome.
RH BWB – add layer (not)
Yesterday: ‘A tingle of greed urges me to capitalize where $400 could be an obvious resistance level. 52 week high was $410. Earnings are on 12/03. So:
STO RH Nov 20, 420 / 430 Bear Call Spread for $2.20.
Started with 1 contract, ready to scale up if RH momentum continues’.
Today: RH moves rapidly to $420. I mean there’s momentum and there’s momentum. Moving out of the way of the freight train, so closed out the 1 contract for a debit of $5.30. Call it stop loss trigger.
#jadelizard WYNN WYNN has been…
#jadelizard WYNN
WYNN has been dropping after a pretty big runup. Sold Dec. 18, 77.50/90/92.50 for 3.50. No upside risk, downside break even is 74, stock at 88.
TAN
#ShortPuts #GreenNewDeal – A buddy of mine pointed this one out. Throwing these out there just to get it on the radar since it’s my first time in it. Selling the expected move and 50ma…
Sold TAN DEC 18 2020 65.0 Puts @ 1.35
DDOG
#ShortPuts – Taking the one day quickie…
Bought to Close DDOG DEC 18 2020 65.0 Puts @ .50 (sold for 1.20)
FTCH Puts
$FTCH STO 11/20 41 puts at 2.05
TQQQ, BTC November 20, 100…
TQQQ, BTC November 20, 100 puts at .01, sold at 2.11
IIPR , BTC November 20, 110 puts at .05, sold at 2.25
Labu, BTC November 20, 40 put at .05, sold at 1.60
Wild ride over past 30 days…..definitely need to learn more about handling volatility around earnings
https://coveredcallswithjeff.wordpress.com/2020/11/12/ib-account-down-from-high-up-from-dip-over-past-30-days/
SPY Roll
Bought to close 1 SPY 11/11/2002 348.0 Call / Sold 1 SPY 11/16/349.0 Call @ 0.26 Credit.
Bumped the strike a point. Sold against a long SPY Dec 355 call
#longcalls PFE Bought Jan. 15,…
VXX Puts
Some early rolls that I should have done yesterday with the stock higher.
Bringing in $Cash and buying more time
Bought to close to Close VXX Nov 13 2020 22.5 Puts / Sold to Open VXX Nov 20 2020 22.5 Puts @ 0.30 Credit.
Bought to close to Close VXX Nov 13 2020 21.0 Puts / Sold to Open VXX Nov 20 2020 20.5 Puts @ 0.02 Credit but lowered the strike 0.50.
Bought to close to Close VXX Nov 13 2020 20.5 Puts / Sold to Open VXX Nov 20 2020 20.0 Puts @ 0.04 Credit but lowered the strike 0.50.
#shortputspread AMZN Sold Dec. 18,…
#shortputspread AMZN
Sold Dec. 18, 2840/2850 for 2.03
SPX trades
#SPX7dteLong When $SPX was at 3573, bought to open Nov 16th 3550/3570-3580/3600 iron condors for 16.679 (avg price). This is only 5-dte, because yesterday I mistakenly sold the Nov 18th trade early.
Expected to expire today:
$SPX Nov 11th 3520/3540 call spreads at max credit of 20.00. Condors bought last Thursday for 17.70.
#SPX1dte Expected to expired worthless: 3425/3445-3620/3640 condors, sold yesterday for 1.50.
RH BWB – add layer
RH was trading @ $359 when I opened the Nov 20, 370 / 360 / 340 Broken Wing Put Butterfly @ $3.15 credit. RH has now moved up to around $400 (that’s good for the BWB). A tingle of greed urges me to capitalize where $400 could be an obvious resistance level. 52 week high was $410. Earnings are on 12/03. So:
STO RH Nov 20, 420 / 430 Bear Call Spread for $2.20.
Started with 1 contract, ready to scale up if RH momentum continues.
Z BUPS Closed / TQQQ Put Closed
$Z BTC 11/20 85/95 BUPS at .50. STO at 3.19
$TQQQ BTC 12/18 40 put at .20. STO at 2.10 Thank you @jsd501
#shortputs TWTR Sold Dec. 18….
#shortputs TWTR
Sold Dec. 18. 39 put for 1.00
Closing DOCU
Bought to close $DOCU 11/20 180/190/250/260 @ 1.59 for around 47% of the profit. Sold for 3.00 on 10/22. With the recovery since mid yesterday and the stock now above 204, I took the opportunity to get out for a profit. IV has increased since I sold this which is of course the opposite of what I wanted but enough time decay has happened so theta beats vega this time.
DDOG post earnings
#ShortPuts – Considered a short strangle but decided puts only and going out a little in time. Stock down today and still selling outside the expected move and below the 200ma.
Sold DDOG DEC 18 2020 65.0 Puts @ 1.20
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 11th 3425/3445-3620/3640 iron condors for 1.50, SPX at 3544, IV 22.3%, deltas: -.06,+.07
#fallingknife #shortputs TLRY Sold Dec….
#fallingknife #shortputs TLRY
Sold Dec. 18, 6 put for .42, stock down on earnings
Hello everyone,
Have not posted in a long time, busy at work with a new office, Covid, but more importantly for option traders have been working on several new projects and tactics with some of the professionals I have worked with over the years.
The 2 most exciting of these is Byran Klindworth, who developed the market tide and rate of change indicators, and I have been working on an indicator specifically for option selling and also a trading robot. We are currently in the process of beta testing both. They both work very well. I am not selling anything here, those that have the market tide already have some of the code, we are just making some adjustments.
However we have taken it a step further and are actually about to roll out an AI, quantitative analysis trading program that can actually be traded as a robot. His/her name is HERMES. It goes live on Tradestation tomorrow. Preliminary results about 2 months ago resulted in doubling a small account in 4-5 weeks. We are now scaling that up to a $5000 account to see how much slippage and commissions affect profits in real time with real money.
At first, we are putting a human filter on the trades before doing them, but later it will be able to trade automatically.
Also I have been working on tactics for Trader’s Reserve and have had excellent results substituting synthetics for regular trades. Live trading we have 260% annualized returns in some accounts including the Feb.-March meltdown.
Anyway, there is a new website developing for the robot/Hermes.
Stay tuned, we will give updates as it trades and progresses and everything will be transparent for those that are interested including the performance.
Again, not selling anything but there will be some tools on the website that might be interesting for all of you. First retail available quant trade program for the masses. We built a computer that can handle 1 trillion calculations a second and it still took 7 days to back test everything and optimize the robot. Bryan handled the coding, the math is way above my level, but it has the collective knowledge of some of the best trading strategies ever developed programmed into it.
As I said, stay tuned!
On a more personal note, hope everyone is doing well and have some time finally to start posting trades again. Wear your mask to avoid the Covid, they work.
Cheers, Chris
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Nov 18th 3515/3535-3545/3565 iron condors for 17.75, with SPX at 3540. I picked the wrong date, was supposed to be Nov 16th. So this one is 8-dte. I may add a Nov 16th later today or tomorrow.
TSLA
#ShortPuts – Sold TSLA DEC 11 2020 325.0 Put @ 4.25
VXX Calls
I was too cautious and only did 1 each hoping to add if it ran a bit more above the 20.30 high for the day.
Offsetting a large short put position.
Sold VXX Nov 13 2020 23 Call Limit at $0.31
Sold VXX Nov 13 2020 23.5 Call Limit at $0.26
Sold VXX Nov 13 2020 24 Call Limit at $0.21
#shortputspread TTD Sold Nov. 27,…
#shortputspread TTD
Sold Nov. 27, 660/670 for 2.10
#shortputs NKTR Sold a Nov….
#shortputs NKTR
Sold a Nov. 20, 16 put for .55 on the beaten down NKTR
SLB Covered Calls
Sold SLB 12/04/2020 20.0 Covered Calls @ 0.43
WBA
Up 9% today.
Above my cost and at the highest price since early August.
Next dividend date is 11/18
TQQQ
#ShortPuts – Adding one at a lower strike…
Sold TQQQ DEC 18 2020 90.0 Put @ 2.25
BYND Earnings
#JadeLizards #Earnings – Looks like we’re not getting rid of cows quite yet… 🙂
Rolled call spread side of the Lizard down from 144/147 to 120/124 for 1.09 credit against a 125 put. Total credit now 4.14 so still no upside risk. Dead zone in this position is from 124.14 to 125.00 I’d be happy for it to get back to those levels.
TQQQ
STO December 18, 120 put in my IRA at 8.25, a starter position.
Market’s end of day fade
Not political, just observing that Mitch McConnell’s comments about Trump’s legal fight(s) may have gotten some notice: https://www.zerohedge.com/political/mcconnnell-backs-trump-push-recounts-says-shouldnt-accept-election-results-media
Things could get hairy for a while in the markets before they calm down if election uncertainty gets priced back into this again.
OLLI Puts
$OLLI STO 11/20 82.5 put at 1.20
BYND Earnings
#JadeLizards #Earnings – Taking a small shot needing a little down move. No upside risk…
Sold BYND NOV 13 2020 125.0/144.0/147.0 Jade Lizard @ 3.05
TQQQ
#ShortPuts – Starter…
Sold TQQQ DEC 18 2020 95.0 Put @ 2.05
TQQQ Put Closed
$TQQQ BTC 12/18 45 put at .40. STO at 2.75 on 7/21. Thank you @jsd501
SPX 7dte
#SPX7dteLong Bought to open $SPX Nov 13th 3580/3600-3610/3630 iron condors for 17.25, with SPX at 3603.
Expiring with max profit of 20.00: Nov 9th 3430/3450 call spreads. Condors bought last Wednesday for 18.20.
NVDA
#ShortPuts – Nice down day on this…let’s try to talk it down even more for earnings next week. Selling just outside the expected move and down nearer to the 50ma.
Sold NVDA NOV 13 2020 535.0 Put @ 2.30
BIIB
#ShortPuts #CoveredCalls – Got lucky with a 290 put expiration on Friday since the stock never opened. In a different account I’ll be assigned at about 271 so covering that now on this little bounce. Will continue mixing in put sales as well. The actual announcement on the drug isn’t until March so might have decent premium until then.
Sold BIIB NOV 27 2020 260.0 Call @ 2.35
Also taking the morning scalp…
Bought to Close BIIB NOV 13 2020 225.0 Put @ 1.40 (sold this morning @ 5.60)
#closing #shortputspread WYNN Nov. 6,…
#closing #shortputspread WYNN
Nov. 6, sold Nov. 20, 70/75 put spread for a 1.05 gamble, cashed in my chips today for .05.
Thanks @fuzzballl for the idea.
SLB
Sold to open SLB 11/13/2020 18.50 Covered Calls @ 0.19.
Sold to open SLB 11/13/2020 19.00 Covered Calls @ 0.13.
Sold to open SLB 11/13/2020 20.00 Covered Calls @ 0.12.
AAL
Sold to open AAL 11/13/2020 17.00 Covered Calls @ 0.17.
Sold to open AAL 11/20/2020 17.00 Covered Calls @ 0.30.
BIIB NFLX TDOC
#ShortPuts – A little early but had so few positions figured I’d take a shot…
Sold BIIB NOV 13 2020 225.0 Put @ 5.60
Sold NFLX NOV 20 2020 450.0 Put @ 5.00
Sold TDOC NOV 20 2020 170.0 Put @ 4.00
OSTK
BTC $OSTK Nov-20-2020 $85 #CoveredCalls – Was STO @10.40 on 10/16 when the stock was at $82.09.
Still holding the stock.
Markets
Nice day to have leftover “lottery ticket” long calls from old diagonal spreads.
Will try and exit as many as I can.
Downside Warning canceled
….at the open with SPX hitting new all-time highs. #VIXIndicator
SPX 1-dte
Wow. Perfect day for a #RiskReversal. Definitely should have known…. but Friday being flat made me think the upward move would be limited. Nothing to do but take the loss, with slim hope for some intraday reversal.
Have a great WE
Have a great WE
Election Volatility Part 2
Looks like we get another chance. Dec 11th gubment shutdown and Jan 5th Senate runoff elections. Bring it on!
Have a great WE
Have a great WE
BIIB
Expert panel votes down Biogen’s Alzheimer’s drug, and rebukes the FDA in the process
https://www.fool.com/investing/2020/11/06/fda-committee-votes-strongly-against-biogens-alzhe/
Wil it return to where the rally started from?
SPX expirations
Expiring today:
$SPX 11/6 3300/3325/3530/3555 iron condor
$SPX 11/6 3395/3420/3560/3585 iron condor
#optionsexpiration
Expiration
$PFE 38.5 call
$NIO 29 put
$MRVL 43 put
$NVAX 78 put
Have a great WE
Have a great WE
TQQQ OSTK Puts Closed
$TQQQ BTC 11/20 80 put at .20. STO at 2.35
$OSTK BTC 11/20 60 put at 1.80. STO at 5.90 Thank you @fuzzballl
VXX New Diagonals
Bought to open Jan 15 2021 14.0 Puts / Sold Nov 13 2020 19.50 Puts @ 0.05 Credit.
Bought to open Jan 15 2021 13.0 Puts / Sold Nov 13 2020 19.0 Puts @ 0.05 Credit.
VXX is at the low of the week @ 20.51
BTW – the strike prices are getting much closer together so the margin on the spreads is pretty small.
TSLA
#ShortPuts – Taking the one day scalp here…
Bought to Close TSLA NOV 13 2020 405.0 Put @ 3.25 (sold for 5.70)
MGM Put Closed / NFLX BUPS Part Close
$MGM BTC 11/13 21.5 put at .40. Originally STO the $23 put on 9/16 for 1.62. Rolled for a while and gained .05 of moss.
#bups
$NFLX BTC 11/20 445/455 BUPS at .40. STO at 2.60
SPX trades
#SPX1dte Sold to Open $SPX Nov 9th 3370/3390-3580/3600 iron condors for 1.40, SPX 3500, IV 17.4%, deltas -.06,+.06
Expiring: Nov 6th 3400/3420-3600/3620 condors, sold yesterday for 1.25
#SPX7dteLong Expiring with max credit of 20.00: Nov 6th 3375/3395 call spreads. Condors bought Tuesday for 18.35.
BIIB
@adamfeuerstein 2m
$BIIB – FDA panel votes against aducanumab efficacy for the “positive” EMERGE study.
1 Yes 8 No 2 Uncertain
This was the best data Biogen had.
More votes to come.
Options Bistro 