Bought to close 1 ADS 06/12/2020 46.0 Covered Call / Sold 1 ADS 06/19/2020 47.0 Covered Call @ 0.90 Credit plus a one point higher strike price.
Hard to believe this stock was above 66 on Monday
Recent Updates Page 200
TQQQ
In my IRA, STO September 40 puts at 1.70
UAL roll
From $UAL 6/19 40/60 short strangle, rolled the 60 calls down to 42 calls (21 delta) for .70 credit. Total premium now 3.23 so breakeven on the downside is 36.77. Stock currently trading around 35.
CINF early roll
Bought to close CINF 06/19/2020 60.0 Covered Calls / Sold 07/17/2020 60.0 Covered Calls @ 1.90 Credit.
LULU Earnings
#Earnings #JadeLizards – Going with the Lizard for next week. Playing it to the downside as usual. Breakeven at about twice the expected move with no upside risk.
Sold LULU JUN 19 2020 285.0/310.0/315.0 Jade Lizard @ 6.00
XLE XLF
2 Back Ratio’s STC today
XLE -47 Call/+2 49.21 STC .01 Bought 6-8 for 0.15 Cr Net 9.00
XLF -26 Put / + 2- 25 Puts STC 0.35 Cr Bought 6-9 0.06 Cr Net 37.00
SPY
#ShortPuts – Gradually easing back in…
Sold SPY JUL 17 2020 275.0 Put @ 2.85
Sold SPY JUL 17 2020 280.0 Put @ 3.35
UAL
STC 44/42 Jun 19 Put spread $1.79 Bought 6-5 for 1.05
TQQQ
BTC June 19, 35 puts at .01, sold at 2.04
SLB Rollup
Bought to close SLB 06/12/2020 19.00 Calls / Sold SLB 06/19/2020 19.50 Calls @ 0.20 Credit plus 0.50 higher strike.
SPY Ladder Roll – a day early
Bought to close SPY 06/12/2020 299.0 Call / Sold SPY 06/19/2020 300.0 Call @ 0.38 Credit to avoid assignment on tomorrow’s short call.
The initial spike down allowed me to bump the short strike a point too.
Edit: I was way too early. SPY dropped another 7 points after the opening gap down.
Oh well. I’ll make it up next week with 3 expiration dates.
ADBE earnings analysis
#Earnings $ADBE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 12, 2020 AC +17.71% Biggest UP
Dec. 12, 2019 AC +3.91%
Sept. 17, 2019 AC -1.74%
June 18, 2019 AC +5.21%
March 14, 2019 AC -3.95%
Dec. 13, 2018 AC -7.28% Buggest DOWN
Sept. 13, 2018 AC +2.29%
June 14, 2018 AC -2.43%
March 15, 2018 AC +3.05%
Dec. 14, 2017 AC +1.43%
Sept. 19, 2017 AC -4.24%
June 20, 2017 AC +2.36%
Avg (+ or -) 4.63%
Bias 1.36%, positive bias on earnings.
With stock at 400.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 382.20 to 417.80 (+/- 4.5%)
Based on AVERAGE one-day move over last 12 quarters: 381.47 to 418.53
Based on MAXIMUM one-day move over last 12 Q’s (17.7%): 329.16 to 470.84
Based on DOWN max only (-7.3%): 370.88
Open to requests for other symbols.
TQQQ
STO July 24, 50 puts at .70 cents. Starting small but will add on higher premiums.
SPX trades
#SPX7dteLong Bought to Open $SPX June 17th 3180/3200-3210/3230 condors for 17.35, with SPX at 3207.
Expiring: June 10th 3100/3120-3130/3150 condors, max profit of 20.00 on call side. Bought for 17.10 last Wednesday.
#SPX1dte Expiring: June 10th 3100/3120-3285/3305 condors, sold yesterday for 1.10.
WFC diagonal rollup
Bought to close WFC 06/12/2020 28.0 Calls / Sold WFC 06/16/2020 28.50 Calls @ 0.02 Credit but a 0.50 higher strike.
Bank stocks are not thrilled with sustained low interest rate forecasts by the Fed through 2022
#shortstrangles DKNG Sold July 17,…
AAL early assignment
One of my AAL 06/12/2020 12.0 Covered Calls was assigned.
Bought stock on 04/03 @ 9.86 with weekly writes since then.
TRADES:
NNDM BTO STOCK @2.56 ;>)
BE STO 6/19/20 11.0 PUTS @1.15
TRADES:
:
BE BTO STOCK @9.66 This morning.
BE STO 6/19/20 9.0 CALL @.85 ” ”
OSTK STO 6/12/20 25.0 CALLS @1.05
OSTK
Rolled $OSTK Jun-12-2020 23.5 #coveredcalls // Jun-26-2020 @0.05 Credit for a better strike.
TQQQ
In my IRA, BTC June 19, 35 puts at .01, sold at 2.26
SPY
#ShortPuts – Come and get it Mr. Market…
Sold SPY JUL 17 2020 285.0 Put @ 2.80
BE
STO June 19, 9 puts at .50 cents. Idea from SMM.
TSLA
Now over 1000
WTF!!
Rolling AMZN
With the stock completely shooting through the call spread side, I rolled up put spread side of my iron condor. Rolled $AMZN 6/19 2300/2280 up to 2600/2580 bull put spread for 6.82 credit to create an iron butterfly with the 2600/2620 bear call spread. After 2 rolls of the put spread total premium for the position is now 14.92 against 20 point wide wings. If the stock stays above 1620 (or goes below 2580) I will take the max loss of what is now 5.08. If it comes back near 1600 I’ll try to get out for even or possibly a profit.
VXX diagonals
Sold VXX 06/12/2020 36.0 Calls @ 0.33 and Sold VXX 06/12/2020 37.0 Calls @ 0.26 to write against my remaining long VXX calls.
Now hoping the stock stays above 31 and below 34 on Friday’s close.
(I’m not asking for much 🙂 )
VIAC early roll
Bought to close VIAC 06/12/2020 22.00 Calls / Sold VIAC 06/19/2020 22.00 Calls @ 0.15 Credit.
I guess I’ll have to wait for a bigger pullback to roll this up.
SPY Ladder Roll
Bought to close SPY 06/10/2020 300.0 Call / Sold SPY 06/17/2020 300.0 Call @ 0.52 Credit to avoid assignment on today’s short call.
Bought to close SPY 06/10/2020 304.0 Call / Sold SPY 06/17/2020 305.0 Call @ 0.08 Credit Plus a one point higher strike to avoid assignment on today’s short call.
CINF early rolls
Bought to close 1 CINF 06/19/2020 55.0 Covered Call / Sold 1 07/17/2020 55.0 Covered Call @ 0.60 Credit.
Bought to close 1 CINF 06/19/2020 60.0 Covered Call / Sold 1 07/17/2020 60.0 Covered Call @ 1.30 Credit.
The stock is ex-dividend for 0.60 on 06/16 and I want to keep the dividend. The June options would likely be assigned before expiration.
AMD
STO $AMD Jun 19 55 #shortputs @0.86.
Holding $AMD Jun 12 51 #shortputs, intending to let them expire on Friday.
SPX 1-dte
#SPX1dte Sold to Open $SPX June 10th 3100/3120-3285/3305 condors for 1.10, IV: 22.25%, SPX 3209, deltas -.06, +.05.
COST
#ShortPuts – Out all week but doing what I can. Thanks @Ramie!
Sold COST JUL 17 2020 290.0 Put @ 3.20
SPCE Close Put
#shortputs
$SPCE BTC 6/19 13 put at .10. STO at .95 on 5/19. Thank you @honkhonk
#coveredcalls M Sold 100 shares…
Sold 100 shares @ 9.01, sold June 12, 9.50 call for a debit of 8.70
#shortputs CCL Sold June 19,…
#shortputs CCL
Sold June 19, 21 put for 1.20, CCL is around 23.30, down about 1.30
#cost SOLD VERTICAL COST 19…
#cost
SOLD VERTICAL COST 19 JUN 20 295/292.5 PUT @.30
#xlf SOLD XLF 19 JUN…
SOLD XLF 19 JUN 20 25.5 PUT @.45
#bac SOLD BAC 2 JUL…
#bac
SOLD BAC 2 JUL 20 25 PUT @.39
#aal SOLD AAL 100 12…
SOLD AAL 100 12 JUN 20 15.5 PUT @.27
#shortputs AAL Sold July 17,…
#shortputs AAL
Sold July 17, 13 put for 1.13
another #tastytradefollow
CINF early roll
Bought to close 1 CINF 06/19/2020 60.0 Covered Call / Sold 1 07/17/2020 60.0 Covered Call @ 0.90 Credit.
The stock is also ex-dividend for 0.60 on 06/16 and I want to keep the dividend. The June option would likely be assigned before expiration.
VXX
Sold VXX 06/12/2020 34.0 Calls @ 0.41 and Sold VXX 06/12/2020 35.0 Calls @ 0.31 to add to my sales from yesterday.
#DoubleDip
MSFT
STO July 17, 175 puts at 2.55
Closing LULU
Bought to close $LULU 6/19 320/330 bear call spread @ 3.69. Sold for 3.05 on 6/1. Taking advantage of the down move to get out for a small loss (relative to where it was a couple of days ago). If earnings weren’t this week I’d probably hold it closer to expiration but I’ll look to possibly put on a separate earnings trade Thursday, or something after earnings if there’s a big move.
#ironcondor BABA Sold July 17,…
T DFEN Puts
#shortputs
$STO 7/17 30 put at .50
$DFEN STO 6/19 19 put at 1.15
TQQQ
BTC June 12, 45 puts at .01
BTC June 12, 50 puts at .01
That is it for this week.
SPY Ladder Roll
Bought to close SPY 06/08/2020 300.0 Call / Sold SPY 06/15/2020 300.0 Call @ 0.25 Credit to avoid assignment on today’s short call.
#SPYLadder
SQQQ
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.0 Covered Call @ 8.32 Debit
– stock bought @ 8.48
NUGT ROKU UVXY VXX Calls / HAL Close Puts / HAL WORK Puts / MSFT BUPS
#coveredcalls
$NUGT STO 6/12 65 calls at 1.70
$ROKU STO 6/12 114 calls at 2.20 and 6/12 112 calls at 1.30. Latter was opened pre golf pre market.
$UVXY STO 6/12 30 calls at 1.00 Shares were assigned to me this morning.
$VXX STO 6/12 32.5 calls at .27. Thank you @iceman
#shortputs
$HAL BTC 6/19 10 put at .02
$HAL STO 7/17 15 put at .88
$WORK STO 7/17 30 put at 2.05
#bups
$MSFT STO 7/10 167.5/177.5 BUPS at 1.36
$MSFT STO 6/19 165/175 BUPS at 1.10. Meant to close the position that was opened 5/6. Will close both tomorrow. Don’t trade after a morning of golf in the sun.
A TRADE:
AAL 6/12/20 23.5/17.0 #STRANGLE @.92
A TRADE:
NCLH STO 6/12/20 28.0 CALLS @1.10
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 15th 3195/3215-3225/3245 condors for 17.00, with SPX at 3219.
TRADES:
NCLH BTO STOCK @25.16
AAL STO 6/12/20 18.0 PUTS @.78
AAL STO 6/19/20 16.0PUTS @.80
SQQQ
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.0 Covered Call @ 8.37 Debit – stock 8.53
Bought to open 100 SQQQ / Sold 1 SQQQ 06/26/2020 10.5 Covered Call @ 8.37 Debit – stock 8.49
Day’s Range $8.43 – $8.82
TRADES:
AAL STO 6/12/20 18.0 PUTS @.78
AAK STI 6/19/20 16.0 PUTS @.80
UAL strangle
Sold $UAL 6/19 40/60 strangle @ 2.53
#aal sto AAL 12 JUN…
#aal sto AAL 12 JUN 20 15.5 PUT @.26
A TRADE;
NCLH STO 6/12/20 28.0 CALLS @1.10
COST short put
Sold $COST 7/17 295 put @ 4.15. Cost basis 290.85 if assigned.
TRADES:
DAL BTO STOCK @35.90
DAL STO 6//12/20 38.0 CALLS @1.06
VIX
Interesting VIX up and so is market?????
A TRADE:
AAL STO 6/12/20 22.0 CALLS @.98
VXX
Sold VXX 06/12/2020 34.0 Calls @ 0.27 and Sold VXX 06/12/2020 35.0 Calls @ 0.22 to re-establish the diagonal spreads from last week. VXX is at 29.44
#DoubleDip
Assigned on 14 PTON CC’s, 36 New CC’s Jun 12 $45
https://coveredcallswithjeff.wordpress.com/2020/06/08/assigned-on-14-pton-covered-calls-49-days-profit-8492-15-or-119-annualized/
Episode 7 – Fifty Albums (plus the Moon)
Our 50 States Project — Completing Sufjan Stevens’ broken promise to release an album for each state… our guest has done it. All in three months. Plus: Snowpiercer, big screen to small screen. And more. // Find more details, links, and playlists at https://thepickcast.com
Not a great week in IB despite good market
WMT TQQQ Put Closed / Expirations
#shortputs
$WMT BTC 6/19 116 put at .50. STO at 1.03 on 5/18 Thank you @thomberg1201
$TQQQ BTC 6/12 55put at .05. STO at 2.30 on 5/13 Thank you @fuzzballl
#optionsexpiration
$ROKU 114 call
$ROKU 113 call
$RAD 14 call
$NUGT 72 call
$VXX 32.5 call Sold against August @jeff 85 call. Thank you @optioniceman
$TQQQ 60 put Thank you @fuzzballl
$SPY 260 put Thank you @fuzzballl
$AMD 50 put
$SQ 89 put
#assigned
$UVXY 32.5 put. Better sell those shares first thing Monday
#Crushed
Never leave home with an expiring trade
$SPX 6/5 3160/3180 BECS. I had a conditional order placed using Schwab platform. If $SPX bid is 3150 than close at market. Did not fire. Schwab says $SPX has no bid and my order could not work. I said it was their platform
that allowed the trade. They said I would not win in arbitration. Live and learn, I hope.
Options expiration
Expired:
VXX 06/05/2020 40.00 Diagonal Calls
VXX 06/05/2020 33.00 Diagonal Calls
VXX 06/05/2020 32.50 Diagonal Calls
Assigned:
CCL 06/05/2020 16.50 Covered Call
Options Expiration
CCL 15 put
LB 15 put
WFC 27 covered call #assignment
XOM put ratio spread
Options Expiration
#OptionsExpiration – Let one go the distance today…
TNA 26.5 Puts (sold for 1.19)
UAL
BTO Jun 19 44/42 Put spread $1.05
#In-Out
#shortputs #closing DAL Bought 2…
#shortputs #closing DAL
Bought 2 July 17, 35 puts for 4.80 each, sold the first one March 3, too early, so I sold another on March 6, still too early, rolled 5 times and finally made a little phew.
#closing #shortstrangles ROKU Bought July…
#closing #shortstrangles ROKU
Bought July 17, 80/140 for 1.50, sold May 28 for 3.55.
SPX 7dte
#SPX7dteLong. Bought to Open $SPX June 12th 3200/3220 call spreads for 9.25, with SPX at 3192. Only going with call side this time. Which probably means I just called the market top!
Options Bistro 