VXX Puts

A new #VXXContango Special
Bought to open VXX Jan 21 2022 6 Puts Net Credit/ Sold to Open VXX Jan 22 2021 16 Puts @ 0.02 Credit
Short position DTE = 3
Long position DTE = 367
VXX = 16.85

DOCU,

STO February 19, 245 puts at 9.10

NFLX Earnings

#ShortStrangles #Earnings – A little riskier than normal. Really using this to replace my TSLA strangle that looks great now. Selling at the 200 day at barely inside the expected move and the all time high at 2x the expected move.

Sold NFLX JAN 22 2021 470.0/570.0 Strangle @ 7.62

SNOW

#ShortStrangles – This should light a fire under it. Aggressive roll down of call side to next week. Still holding this week’s short put.

Rolled SNOW JAN 22 2021 350.0 Call to JAN 29 2021 330.0 Call @ 3.95 credit (44.05 total now)

Question about TOS option chain columns

When looking at the option chain in TOS, is there a way to display annualized return in a column?
Just like displaying ROR, which is built in.

NIO PLTR Calls DKNG Puts Rolled / Expirations

#coveredcalls Rolled
$NIO BTC 1/15 60 call and STO 1/22 59.50 call at 1.26 added credit
$PLTR BTC 1/15 26.50 call and STO 1/22 27 call at .73 added credit
$DKNG BTC 1/15 55 call and STO 1/22 53.50 call at .29 added credit

#optionsexpiration
$BIDU 227.50 Put
$LAZR 27 put Thank you @fuzzballl
$LAZR 28 put Thank you @fuzzballl
$MARA20 put
$TQQQ 45 put Thank you @jsd501
$TQQQ 95 put Thank you @fuzzballl
$NEO 45 put
$DKNG50 put
$NVTA 45 put
$NIU 30 put Thank you @jsd501
$NNDM 7.5 put
$VLDR 20 put Thank you @fuzzballl
$NEO 50 put
$PENN 93 put
$SPY 383 call
$NVDA 555 call covered
$FROG 75 call
$SLV 25 call covered
$WIX 280 call covered
$SDC 12.50 call covered
$TLRY 12 call covered
$PLTR 27.50 call covered
$RKT 22 call covered
$MRVL 52 call covered

And of course the big loss Expiration
$AMZN 1/15 3150/3170 BUPS
I am not learning. Two days ago this position was up to breakeven. Not
good enough. Boy I must have a hard head.

Have a great three day break.

OptionsExpiration

EXPIRED:
GILD 01/15/2021 55.00 Diagonal Puts
SPY 01/15/2021 370.00 Diagonal Call

VXX 01/15/2021 18.00/40.00 Bear Call Spreads
VXX 01/15/2021 18.00/41.00 Bear Call Spreads
VXX 01/15/2021 18.50/41.00 Bear Call Spreads
VXX 01/15/2021 18.50/42.00 Bear Call Spreads
VXX 01/15/2021 19.00/42.00 Bear Call Spreads
VXX 01/15/2021 19.00/43.00 Bear Call Spreads
VXX 01/15/2021 19.50/43.00 Bear Call Spreads
VXX 01/15/2021 21.00/44.00 Bear Call Spreads

VXX 01/15/2021 16.00/14.00 Bull Put Spreads
VXX 01/15/2021 16.00/13.00 Bull Put Spreads
VXX 01/15/2021 15.50/13.00 Bull Put Spreads

VXX 01/15/2021 45/48/50/60/65/80/90 Long Calls hedges left over from old diagonals
VXX 01/15/2021 10/11/12/13 Long Put hedges left over from old diagonals

ASSIGNMENTS:
SLB 01/15/2021 20.0 Covered Calls
WBA 01/15/2021 41.0 Covered Call
WBA 01/15/2021 42.0 Covered Call

VXX

Another new #VXXContango special
Bought to open VXX Sep 17 2021 6.00 Puts / Sold to Open VXX Jan 22 2021 15.50 Puts @ 0.02 Net Credit.
Short DTE (including the 3 day weekend) = 7
Long DTE = 245

FSLR

#ShortPuts – Back in again.

Sold FSLR FEB 12 2021 85.0 Puts @ 1.45

REGN

#ShortPuts – Taking it two weeks early.

Bought to Close REGN JAN 29 2021 480.0 Put @ 1.80 (sold for 5.40)

SPX trades

#SPX1dte Sold to Open $SPX Jan 19th 3645/3665-3835/3855 iron condors for 1.35, SPX at 3778, IV 13.1%, delats -.07,+.07

Expiring: Jan 15th 3710/3730-3855/3875 condors, sold yesterday for 1.00

#SPX7dteLong Expected to expire at max credit of 20.00: Jan 15th 3810/3790 put spreads. Condors bought for 16.50 on Monday.

SPY Rollup

Bought to close 1 SPY Jan 15 2021 372.0 Call/ Sold to Open 1 SPY Jan 22 2021 374.0 Call @ 0.63 Credit plus I bumped the strike price up 2 points.

Still waiting out my 377 call for the next 2 hours with SPY @ 376.75 at 2:00pm

VXX

Next week’s new #VXXContango special
Bought to open VXX Jun 18 2021 8.00 Puts / Sold to Open VXX Jan 22 2021 15.50 Puts @ 0.03 Net Credit.
Short DTE (including the 3 day weekend) = 7
Long DTE = 154

I’ve got several short VXX puts expiring today plus lots and lots of short calls

#shortputs BIG #coveredcalls FEYE BIG…

#shortputs BIG #coveredcalls FEYE

BIG Sold April 16, 37.50 put for .95, stock is at 53.
FEYE Sold Jan. 29, 25 covered call for .35, stock at 22.30

TQQQ

#ShortPuts – Adding to top of the ladder.

Sold TQQQ FEB 19 2021 120.0 Put @ 2.94

SLB Call Roll

Covered the short side of a Diagonal Bear Call Spread.
Bought to close SLB 01/15/2021 26.50 Calls @ 0.01.
Sold these on 01/12 @ 0.41.
Replaced them with short SLB 01/22/2021 26.50 Diagonal Calls @ 0.29.
#DoubleDip

I’ve got lots of other Bear Call diagonals on SLB for next week.

BIIB OSTK QS SNOW

#ShortPuts #ShortStrangles #CoveredCalls – Just some rolling today…

BIIB: Covered and run over. Rolling to week before earnings.
Rolled BIIB JAN 15 2021 255.0 Call to JAN 29 2021 257.5 Call @ .75 credit

OSTK: Covered and run over. Rolling a week for what I can get.
Rolled OSTK JAN 15 2021 52.0 Call to JAN 22 2021 52.0 Call @ .40 credit

QS: Playing with one contract for fun.
Rolled QS JAN 15 2021 60.0 Put to QS JAN 22 2021 57.5 Put @ .10 credit

SNOW: Letting call side of strangle expire and adding a new one.
Rolled SNOW JAN 15 2021 330.0 Put to JAN 22 2021 327.5 Put @ 2.00 credit
Sold SNOW JAN 22 2021 350.0 Call @ 2.25

New position: 327.5/350.0 @ 40.15

VXX Call Rollup

Bought to close VXX 01/15/2021 20.0 Diagonal Calls @ 0.02.
Sold these on 01/08 @ 0.26.
Replaced them with short 01/22/2021 20.50 Diagonal Calls @ 0.40.
The long hedge for these are Feb 38 Calls already paid for with previous diagonals.

WFC Calls on Earnings

Covered the short side of a Diagonal Bear Call Spread on this #Earnings news
Bought to close WFC 01/15/2021 35.00 Calls @ 0.01.
Sold these on 01/12 @ 0.57.

I’ve got lots of other Bear Call diagonals on WFC for next week.

ZM

Roll $ZM Jan-22-2021 310/320 #BuPS // Feb-12-2021 325/335 @1.45 credit

AMZN NFLX FSLY BUPS Closed / FROG Put Closed / QS SWI Puts Rolled

#bups
$AMZN BTC 1/15 3090/3100 BUPS at .60. STO at 3.16
$NFLX BTC 1/15 470/480 BUPS at .10. STO at 3.40
$FSLY BTC 1/15 65/85 BUPS at .10. STO at 5.20

#shortputs
$FROG BTC 1/15 60 put at .10. STO at 3.30
$QS BTC 1/15 60 put and STO 1/22 57.50 put at added credit of .90 and gain 2.50 if assigned. Stock currently at 55.95 and is very jittery
$SWI BTC 1/15 20 put and STO 1/22 17.50 put at net debit of 1.60 but gain 2.50 if assigned. Stock currently at 15.22

ARKK

Filled right before the close. Never traded this one but I wouldn’t mind being long at/below the 50 day moving average. Sold 2/19 120.96 puts @ 2.40 with the stock at 145.30. Delta 15.

SPX 1-dte

#SPX1dte Sold to Open $SPX Jan 15th 3710/3730-3855/3875, with SPX at 3805, IV 15.55%, deltas: -.07,+.06

TSLA

#ShortStrangles – Forgot I had this order in from earlier. Tighter than I really wanted but too late now. Rolling put side up…

Rolled TSLA JAN 22 2021 725.0 Put to JAN 22 2021 750 Put @ 2.10 credit

Now 750/1050 @ 8.90

TQQQ 2/5

Sold $TQQQ 2/5 125 put @ 1.35

LABU

#ShortPuts – Thanks @Ramie for the idea. Big move today so gotta take it. 75 percent of max with 5 weeks to go. Only got a chance to add once on the drop. Crazy market…

Bought to Close LABU FEB 19 2021 60.0 Put @ .41 (sold for 2.10)
Bought to Close LABU FEB 19 2021 65.0 Put @ .70 (sold for 3.10)

NVDA pre earnings

#BullPutSpreads – I’m pretty sure this is the week (or two) before earnings but not completely sure since their normal day is a weekend this quarter. Spreading it while waiting for an account to get moved. Selling expected move and near recent lows.

Sold NVDA FEB 5 2021 485.0/405.0 Bull Put Spread @ 5.10

LAZR

#ShortPuts – Adding a couple.

Sold LAZR JAN 29 2021 26.0 Put @ 1.10
Sold LAZR FEB 5 2021 25.0 Put @ 1.45

FSLR

#ShortPuts – These are just some sales to get a previous position back to even. Still need a couple more…

Bought to Close FSLR JAN 22 2021 87.5 Puts @ .05 (sold for .75)

SPX 7 dte

#SPX7dteLong Bought to Open $SPX Jan 20th 3795/3815-3825/3845 iron condors for 15.80, with SPX at 3817.

GBTC,

BTO some shares of the stock at 44.00

TQQQ

BTC January 15, 110 puts at .02, sold at 2.52 and that is all for this week.

Closing Mar LABU

Taking most of the profit with still over 2 months to go. Bought to close $LABU 3/19 40 puts @ .33. Sold for 2.30 on 11/23 and 11/24. Thanks for the idea @jsd501.

#rolling #coveredcalls OXY Rolled Jan….

#rolling #coveredcalls OXY

Rolled Jan. 15, 24 call to Jan. 22 for .58. OXY is up 1.70 to 24.04.

GLD

#shortputs
Trying to gradually fill a gold position:
STO GLD Feb 19th 165 Put @ 1.01

TSLA pre earnings

#ShortStrangles – Selling over 1.5x the expected move on the downside and 2.5x the expected move on the upside and the week before earnings with a 3 day weekend. Rollability into earnings will be fantastic. Wouldn’t mind this taking a little heat to the downside for a better earnings sale the following week.

Legged in:

Sold TSLA JAN 22 2021 725.0/1050.0 Strangle @ 6.80

SPY Rolls

Bought to Close 1 SPY Jan 13 2021 372 Call / Sold to Open 1 SPY Jan 15 2021 372 Call @ 0.50 Credit.
Bought to Close 1 SPY Jan 13 2021 375 Call / Sold to Open 1 SPY Jan 20 2021 377 Call @ 0.32 Credit plus a 2 point bump in the short strike.

ZM

#ShortPuts – Taking another one a couple weeks early.

Bought to Close ZM JAN 29 2021 295.0 Put @ 1.35 (sold for 5.10)

TSLA

#ShortStrangles – I’m with @Ramie here. Taking it a couple days early. Looking to try again next week.

Bought to Close TSLA JAN 15 2021 725.0/980.0 Strangle @ 1.15 (sold for 7.10)

Taking profits on TSLA

Bought to close 1/15 725/980 strangle @ 1.42 for about 80% of the max profit. Thanks for the great trade @fuzzballl!

ABNB Early Close

BTC $ABNB Jan-22-21 128/137 #BuPS @0.12 Debit. Was sold @1.24 on 1/11. #BirdInTheHand
Still holding Jan-29 and Feb-05 125/135 #BuPS.

SPX trades

#SPX7dteLong. Badly legged out of both sides, netted 8.20 total. Condors bought for 16.10 last Thursday.

#SPX1dte Expected to expire: condors sold yesterday for 1.00

#closing #shortputs CHWY Dec. 30,…

#closing #shortputs CHWY

Dec. 30, sold a Feb. 19, 75 put for 1.74 after CHWY went from 108 to 89 in 9 days. It went to 86 the next day, but is up to 112 today. I bought the put for .28.

#coveredcalls OXY Sold Feb. 19,…

#coveredcalls OXY

Sold Feb. 19, 22 calls@2.11, stock at 22.30.

BIDU Put

#shortputs
$BIDU STO 1/15 227.5 put at 3.55.

NFLX SNOW

#ShortPuts – Happy to take these on the bounce to get this account back to cash. Soon to be all TOS finally!

Bought to Close NFLX JAN 15 2021 490.0 Put @ 1.35 (sold for 2.50)
Bought to Close SNOW JAN 15 2021 290.0 Put @ 3.70 (sold for 4.50)

NNDM Put Roll / MARA Put Closed

#shortputs
$NNDM BTC 1/15 10 put and STO 2/19 10 put at added credit of 1.51
$MARA BTC 1/15 13 put at .05. STO at 1.60

AAXN,

STO February 130 puts at 4.20

LAZR VLDR

#ShortPuts – With the weeklies and the improving liquidity I’m concentrating all my LIDAR power on LAZR….mainly two to three weeks out.

Bought to Close LAZR JAN 15 2021 28.0 Puts @ .18 (sold for .80)
Bought to Close LAZR JAN 22 2021 27.0 Puts @ .70 (sold for 1.30)
Bought to Close LAZR FEB 19 2021 20.0 Puts @ .48 (sold for 1.25)
Bought to Close LAZR FEB 19 2021 22.5 Puts @ 1.05 (sold for 2.10)

Sold LAZR JAN 29 2021 26.0 Puts @ 1.05 and 1.15
Sold LAZR FEB 5 2021 25.0 Puts @ 1.25

Small loss to move buying power to LAZR:

Bought to Close VLDR FEB 19 2021 17.5 Puts @ .92 (sold for 1.00)
Bought to Close VLDR FEB 19 2021 20.0 Puts @ 1.92 and 1.95 (sold for 1.75)

Now all set and looking to add on dips…

Question about Space Trip hedge (STT)

@smasty160
@winstonthink

I was modeling the STT trade in TOS and everything looks fine until I introduce IV increase. I would expect IV to increase in a case of a 10+% sell-off. With the IV increase of 10 points, the value of the STT is cut in half. This is for a well aged position, so a new position would be a loser anyway. This does not look like a good hedge.

I have noticed that presentations about STT definitely ignore ( if not refuse) to include the IV increase. I watched a number of them and every time all modeling is done without taking IV into consideration.

Am I missing something in the TOS model?

#bitty

PTON

Didn’t think this was going to fire, but it did late today:
BTC $PTON Jan-15-2021 130 puts @0.12 debit. Was STO @1.32 on Jan-05.

SPY SLB WFC CINF MRO

Pretty extraordinary moves for the SPY and some mostly sleepy stocks just in the last 5 days
SPY from 368 to 381
SLB from 21.98 to 26.73
WFC from 29.46 to 34.52
MRO from 6.81 to 8.38
CINF from 82.62 to 93.83

I’ve been fading most of these movers with Bear Call diagonal spreads. The next few weeks should be interesting.

Markets

Could be something or could be nothing

Morgan Stanley Spots An Extremely Rare Market Signal Which Precedes Selloffs

The percentage of NYSE stocks above 200-day moving averages has surpassed 90% for the first time since 2009. This rare event has happened only five times using weekly data going back to 1974.

https://www.zerohedge.com/markets/morgan-stanley-spots-extremely-rare-market-signal-which-precedes-selloffs

Not everyone agrees: without looking at the data, Bank of America notes that the 2009 and 1975 signals occurred after “generational lows” for the SPX, and explains – somewhat hopefully – that while “market corrections are a part of the life of an investor, if history is any guide, this move above 90% for the % of stocks above 200-day MAs is less likely a sign of a major top and more likely longer-term bullish confirmation after a period of economic and market stress.”

One of the two banks is wrong, and since nobody likes unnecessary suspense, we will know who is right and who is wrong in just a few days.

PINS

#BullPutSpreads – Riding with jsd501 on this one. Playing for a breakout with very limited downside. Could get stock or roll into earnings. Staying small…

Sold PINS JAN 29 2021 80.0/75.0 Bull Put Spreads @ 3.20

SPX trades

#SPX7dtelong Bought to Open $SPX Jan 19th 3770/3790-3800/3820 iron condors for 16.75, with SPX at 3796. This is next TUESDAY expiration due to the Monday holiday.

#SPX1dte trade to follow

PINS,

Both SMM and Minervini have this on their buy list today so I sold the January 29, 72 puts at 2.95 with earnings on February 5th.

BLNK

#ShortPuts – Got this from a friend. Taking a small starter for first time in it. Hard to say when earnings will be….could be anywhere from mid Feb to early Apr.

Sold BLNK FEB 19 2021 25.0 Puts @ 1.03

TQQQ

#ShortPuts – Filled while I was out earlier. Adding to the ladder.

Sold TQQQ FEB 19 2021 115.0 Put @ 2.40

OXY Iron Condor

Sold $OXY 2/19 16/19/25/28 iron condor @ 1.00. Collecting 1/3 the width of the strikes. Stock at 22.16.

ABNB Roll

BTC Jan-15-2021 $ABNB 125/135 #BuPS @0.15 – was STO @2.00 Jan-05-2020
STO Jan-29-2021 $ABNB 125/135 @1.5
Holding Jan-22-2020 $ABNB 128/137.

TQQQ,

STO February 19, 115 puts at 2.35

TQQQ,

In my IRA, STO February 19, 120 puts at 2.72

COUP

#ShortPuts – Making a little room for earnings season.

Bought to Close COUP JAN 29 2021 290.0 Put @ 1.80 (sold for 4.60)

OSTK Puts Closed / RKT Puts Rolled (not taking off)

#shortputs
$OSTK BTC 1/15 50.5 put at .80. STO at 4.46. Thank you @fuzzballl
$RKT BTC 1/15 21.50 put and STO 1/22 21 put at cost of .15 but would gain .50 if assigned.

TSLA

BTC $TSLA Jan-15-2021 685/695 #BuPS @0.14. Was STO Jan-06 @1.50
Holding $TSLA Jan-22 690/700 and Jan-29 680/690 #BuPS.

REGN

#ShortStrangles – Coming out of a squeeze but bumping into resistance. I’m still getting out of the way of the upside. Closing call and rolling put side up. Earnings the week after this trade.

Bought to Close REGN JAN 29 2021 550.0 Call @ 3.70
Rolled REGN JAN 29 2021 460.0 Put to JAN 29 2021 480.0 Put @ 2.95 credit

This leaves 480 put @ 5.45

TQQQ,

BTC January 15, 90 puts at .02, sold at 2.75

NFLX

#ShortStrangles – Looking weak so taking profits. Earnings a week from today.

Bought to Close NFLX JAN 15 2021 485.0/585.0 Strangle @ 4.81 (sold for 8.30)

TQQQ,

STO February 19,130 put at 4.20

TQQQ,

BTC January 15, 85 puts at .02, sold at 2.40

JD Puts

#shortputs
$JD STO 1/29 85 puts at 1.83

ZM

#ShortPuts – This is in the account I’m getting ready to move so playing it safe…

Bought to Close ZM JAN 15 2021 320.0 Put @ 2.95 (sold for 4.00)

TQQQ, STO February 12, 105 puts at 1.38

STO February 19, 110 puts at 2.15

#rolling #coveredcalls #shortputs AAL GPS…

#rolling #coveredcalls #shortputs AAL GPS GPRO

AAL rolled Jan. 15, 20 put to Feb. 19 for .15 AAL is near 15.
GPRO rolled Jan. 15, covered 9 call to Feb. 19 for .68 GPRO is up .97 to 9.24
GPS rolled Jan. 15, covered 21.50 call to Feb. 19, 22 call for .70 GPS is up .83 to 22.25

TQQQ

#ShortPuts – Adding to the ladder…

Sold TQQQ FEB 19 2021 110.0 Put @ 2.10