Sold VXX 06/26/2020 32.0 Puts @ 0.40 at the close.
#DoubleDip
Recent Updates Page 213
WBA Rollup
Bought to close 1 WBA 06/19/2020 41.50 Covered Call / Sold 1 WBA 06/29/2020 42.00 Covered Call @ 0.16 Credit plus an extra 0.50 on the strike for one more week.
Moving AMZN to July
Taking the full loss on $AMZN 6/19 2580/2600/2620 iron fly (20.00 less 14.92 in premium taken in including rolls = 5.08 loss). Reinitiating in July with 7/19 2530/2550//2860/2880 IC @ 8.04. Short strikes both at 24 delta.
VXX Rolling Up more calls
It seems that Apple announcing they were reclosing some stores that they had reopened tanked the market.
Although it seems to be recovering, after VXX rallied 3 points off the low, I decided to roll way up for next week.
Bought to close VXX 06/19/2020 36.50 Calls / Sold VXX 06/26/2020 40.5 Calls @ 0.89 Credit plus 4 points on the short strike.
Bought to close VXX 06/19/2020 39.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.80 Credit plus 6 points on the short strike.
Bought to close VXX 06/19/2020 42.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.88 Credit plus 4 points on the short strike.
Bearish in small caps
Taking a bearish position in small caps. Sold $IWM 7/17 150/155 bear call spread @ 1.29 with IWM at 140.39. IVR rank 61.
XLV BUCS Closed
#bucs
$XLV STC 6/19 95/105 BUCS at 5.05. BTO at $6.00 on 5/11
TQQQ
STO July 31, 60 put at 1.90 for a starter position. This is my highest strike price so far.
TQQQ
In my IRA:
STO September 30 puts at .80
STO September 40 puts at 1.55
EWZ DiagBFly
BTC 1 EWZ June 19: 31 short straddle @ $1.37 (originally sold for $2.14)
STO 1 EWZ June 26: 30 straddle @ $1.79
The short straddle is covered by a long EWZ Sep 18: 24 put / 30 call strangle.
VRTX BUCS Closed / MSFT BUPS Closed / TQQQ Calls / CODX Put Closed
#bucs
$VRTX STC 6/19 270/300 BUCS at 12.81. BTO at 14.60 on 5/12. Was badly underwater last week.
#bups
$MSFT BTC 6/19 165/175 BUPS at .40. STO at 1.10 on 6/8.
#coveredcalls
$TQQQ STO 6/26 110 call at .50. Sold against $67 LEAPS
#shortputs
$CODX BTC 6/19 16 put at .30. STO 5/26 at 2.14
VXX Rollup – not waiting
This may expire if the market stays up but ….
Bought to close VXX 06/19/2020 35.0 Calls / Sold VXX 06/26/2020 39.0 Calls @ 0.39 Credit plus 4 points on the short strike.
I rolled this up from a strike 34.0 last week and now the short strike is well out of the money.
VXX new Diagonal put spread
Bought to open VXX 06/17/2022 8.0 Puts / Sold VXX 06/26/2020 34.0 Puts @ 0.07 Credit.
I can roll the short Puts weekly for the next 2 YEARS
VXX Put roll
Bought to close VXX 06/19/2020 33.0 Puts @ 0.07. Sold these on Monday @ 0.43
Replaced these with VXX 06/26/2020 33.0 Puts @ 1.17.
That is a 1.10 net credit on the roll.
Paid for the long side of the diagonal yet again
#DoubleDip
IRBT BWB
#BWB $IRBT BTO Aug 21, 80 / 75 / 65 Broken Wing Put Butterfly for 0.78 credit.
ADS rollup
Bought to close ADS 06/19/2020 52.0 Covered Calls / Sold ADS 06/26/2020 52.50 Covered Calls @ 1.52 Credit plus an additional 0.50 on the strike price.
WORK TNA
#ShortPuts – Just a couple today…
TNA: Rolling now in case we sell off later…
Rolled TNA JUN 19 2020 30.0 Puts to JUN 26 2020 28.5 Puts @ .30 credit (1.70 total now)
WORK: A tiny one for fun…
Sold WORK JUL 17 2020 29.0 Puts @ .95
TQQQ
BTC June 19, 55 puts at .01, sold at 2.42 and that is the last of this expiration. I have more next week and have my orders in at .01 cents
The debate rages on…. Bull or Bear?
The Bull Market Is Over. It’s Time To Sell The Rips, Not Buy The Dips
https://seekingalpha.com/article/4354018-bull-market-is-over-time-to-sell-rips-not-buy-dips?utm_source=push&utm_medium=onesignal&utm_campaign=20-06-18-article-2
SPY early assignment
Someone assigned my short 302 call for next Monday before I could roll it.
Luckily I still have a long July Call that is close to ITM.
Still….. it’s messy in an IRA
Visual Representation of Profit/Loss across 30 Covered Call Positions
The graphs represent the individual covered call positions across three accounts. Positions are tracked over time showing the daily profit/loss for the stock/option and net.
CINF – one more roll
Bought to close 1 CINF 06/19/2020 65.0 Put / Sold 1 CINF 07/17/2020 60.0 Put @ 0.60 Credit plus a 5.00 point lower strike.
NVDA BUCS Closed / TQQQ Puts / DDOG Put Closed /
#BUC
$NVDA STC 6/19 355/365 BUCS at 8.20. BTO 5/22 at 5.20
#shortputs
$TQQQ STO 7/31 50 put at 1.25. Thank you @jsd501
$DDOG BTC 6/19 put at .10. STO at 1.35 on 6/16
SPX 1-dte
#SPX1dte Sold to Open $SPX June 19th 2985/3005-3185/3205 condors for 1.15, IV 26%, SPX 3106, deltas -.06, +.06
BIIB
#ShortPuts – Going for a quickie…
Sold BIIB JUN 26 2020 245.0 Put @ 2.20
CINF
#ShortPuts – Thanks @optioniceman !
Sold CINF Aug 21 2020 50 Puts @ 2.00
WEX Short Puts
First time in this underlying. Sold $WEX 7/17 145 put @ 4.50 with the stock around 173. Bid/ask spreads a little wide in this one.
SPX 7-dte
#SPX7dteLong Sold to close $SPX June 19th 3030/3050 call spreads for 18.00. Condors bought last Friday for 18.40. I’m waiting to sell put spread on any move down. I wanted to exit to avoid gap down risk tomorrow morning.
Also, added the remaining call spreads that I wasn’t filled on yesterday for June 24th 3090/3110-3120/3140 for 1.05 less than yesterday.
#coveredcalls X Bought 100 shares…
Bought 100 shares @8.20. sold July 2, 8.50 call for .48, debit of 7.72.
TQQQ
BTC June 19, 50 puts at .01, sold at .61
In mt IRA, BTC the 45 puts at .01, sold at .85
I have one more short put to close and that is it for this week.
ADS early Rollup
Bought to close 1 ADS 06/19/2020 47.0 Covered Call / Sold 1 ADS 06/26/2020 50.0 Call @ 0.10 Credit + 3.00 better strike for only one more week.
Markets
https://www.zerohedge.com/markets/what-expect-after-tomorrows-massive-option-expiration
“The short-term setup for an SPX pullback coming out of tomorrow’s Op-Ex is there, particularly as we see a “clustering” of the CTA deleveraging- and Dealer Gamma- levels not far below market.”
Maybe someone could translate this into plain English for me.
I don’t speak “quant”
CINF major Put rolldown
Bought to close 1 CINF 06/19/2020 65.0 Put / Sold 1 CINF 08/21/2020 50.0 Put @ 0.24 Credit.
A little history:
04/30 – Sold 05/15/2020 65.0 Put @ 0.90 (big mistake)
05/14 – Rolled 05/15/2020 65.0 Put to 06/19/2020 65.0 Put @ 0.80 Credit (was 15 points ITM)
Today – Rolled the Jun 65 Put down to the August 50.0 Put @ 0.20 Credit ( I would take the stock here near the Covid low).
My Cash backed put requirement just dropped $1500.
Today is the first day that the August contracts traded on this stock.
ROKU
#ShortPuts #Rolling – Finally out. Rolled 116 to 114 to 112 to 108 accumulating premium. Not even going to risk holding another day.
Bought to Close ROKU JUN 19 2020 108.0 Put @ .05 (sold for 2.80)
TQQQ
#ShortPuts – Thanks @jsd501 !
Sold TQQQ JUL 31 2020 50 Puts @ 1.23
LULU
AAL
Rolled. Jun-19-2020 $19.50 #CoveredCall // Jun-26-2020 19.00 @ 0.40 Credit.
AMD
Rolled $AMD Jun-19-2020 55 #Shortputs // Jun-26-2020 55 @ 0.98 Credit.
CHWY
BTO July 17, 50 calls and STO July 2, 60 calls for a debit of 3.15
TQQQ
In my IRA, BTC June 19, 45 puts at .01, sold at .85
SPX trades
#SPX7dteLong Bought to Open $SPX June 24th 3090/3110-3120/3140 condors for 18.55. I tried legging in but it didn’t help the pretty high premium on this, due volatility the last hour. Only partially filled on the call side so I will try to add the last contracts tomorrow.
#SPX1dte Expired: June 17th 2975/2995-3225/3245 condors, sold yesterday for 1.45.
WFC early roll
Bought to close 1 WFC 06/19/2020 27.50 Covered Call / Sold 1 06/26/2020 28.50 Covered Call @ 0.22 Credit plus a 1.00 point better strike.
This increases my potential profit by $120 for holding the stock for one more week and pushes the strike price above my stock cost.
#CoveredCalls
Closing LULU
Bought to close $LULU 7/17 250/340 strangle @ 3.90. Sold for 8.20 on 6/12. Taking the >50% available profit off the table as IV on this stock has come in quite a bit (rank was 60 on Friday, today it’s 23).
MDLZ DiagBFly
$MDLZ @ $52.74
BTO 1 MDLZ Jan 22: 40 Put / 65 call long strangle @ $4.65
STO 1 MDLZ July 02: 52.50 short straddle @ $2.38
Going aggressive on the first sale, bringing in over 50% cost of the long strangle emergency covers.
583 days left to sell more premium.
TQQQ
STO July 31, 50 puts at 1.20
NVDA ROKU BUPS DDOG Closed / CRM BUCS Closed / ROKU Puts
#bups
$NVDA BTC 6/19 340/350 BUPS at .70. STO 5/22 at 3.65
$ROKU BTC 6/19 110/115 BUPS at .80. STO 5/8 at 1.52
$DDOG BTC 6/19 70/75 BUPS at .10. STO 5/22 at 2.50
#bucs
$CRM STC 6/19 170/180 BUCS at 8.58. BTO 5/11 at 5.20
#shortputs
$ROKU STO 6/26 110 at 2.48 Thank you @fuzzball
$ROKU STO 7/2 108 at 3.15 Ditto Monsieur @fuzzball
SPY Ladder Rolls
Bought to close 1 SPY 06/17/2020 300.0 Call / Sold 1 SPY 06/24/2020 300.0 Call @ 0.68 Credit.
Stock at 313.70.
Bought to close 1 SPY 06/17/2020 305.0 Call / Sold 1 SPY 06/26/2020 307.0 Call @ 0.61 Credit + 2 points better on the short strike.
Stock at 313.52
#SPYLadder
SPY
#CoveredCalls #Dividends – I’m not sure how SPY reacts to dividends and how likely a call position DITM is of getting exercised early. Was going to let this get called away at a tiny profit but I’ll hang onto it for the weekend to make sure I get the divvy.
Rolled SPY JUN 19 2020 263.0 Calls to JUN 22 2020 265.0 Calls @ 2.02 debit
Paying .02 to insure what is hopefully about a 1.40 divvy.
#closing BABA June 9 sold…
#closing BABA
June 9 sold a July 17 #ironcondor for 3.44, bought it back today for 3.54, so BABA stopped going up, but I don’t have to worry about it.
ROKU
#ShortPuts – Still have covered calls ITM so trying to talk it down a little more. 108 strike looks safe this week so adding. Earnings not until early August but still decent premium and easy fills.
Sold ROKU JUN 26 2020 110.0 Put @ 2.35
Sold ROKU JUL 2 2020 108.0 Put @ 2.50
DDOG Put
#shortputs
$DDOG STO 6/19 80 put at 1.35
VXX
One example of a Short Calendar Iron Condor Spread :
For those wondering why/how I’m managing all the VXX trades here is an example of one:
+1 Aug 21 2020 85.00 C
-1 Jun 19 2020 45.00 C
-1 Jun 19 2020 33.00 P
+1 Jan 15 2021 13.00 P
They are charging the $4000 call spread requirement but $0 on the put spread.
Given the recent (last 4 days) of trading in VXX, both the shorts are likely to expire.
If not, if VXX advances I would roll the 45 out and up, if it declines, I will roll the put out and down. If it stays near the centerline, I would likely roll laterally for additional premium for next week. But no action is likely until after 2pm Friday to allow all the time value to leach away from this week’s short options.
SPX 1 dte
#SPX1dte Sold to open $SPX June 17th 2975/2995-3225/3245 condors for 1.45, IV 32.9%, SPX 3114, deltas -.06, +.05
VXX – Dumping worthless longs
Sold VXX 06/19/2020 70.0 Calls @ 0.13
Sold VXX 06/19/2020 75.0 Call @ 0.11.
I’m surprised that they were worth anything 🙂
I wrote against these 5 times since I bought them on 5/13 , including the first write that totally paid for them.
CINF
Just in case anyone else is holding CINF, it went Xdiv 0.60 today and is still up 2.25
VXX Diagonal Call
I missed posting this one after the opening spike in the VIX Monday morning.
Since the VIX went into a major retreat later in the day, this one is not available now.
Bought to open 1 VXX 07/31/2020 70.0 Call / Sold 1 VXX 06/19/2020 45.0 Call @ 0.02 Credit.
Looking to pick up a free long to replace Long 70 calls I hold for this Friday.
XOM short puts
Sold $XOM 7/17 45 puts @ 1.58. IVR rank 49.
SPX 7-dte
#SPX7dteLong Legged out of the $SPX June 17th 3180/3200-3210/3230 condor on the swings this morning.
BTO condors for 17.35 last Wednesday.
STC call spreads at 7:01 PDT for 2.60
STC put spreads at 7:57 PDT for 17.50
SDGR Put / ROKU Calls
#shortputs
$SDGR STO 6/19 65 put at 1.40
#coveredcalls
$ROKU STO 6/26 116 calls at 3.48
TQQQ
In my IRA, BTC June 19, 35 puts at .01, sold at 2.26
Also BTC the 40 puts at .01, sold at .54 cents
NVDA
#ShortPuts – In the red today so adding a short term position…
Sold NVDA JUL 02 2020 325.0 Put @ 3.06
NVDA
#ShortPuts – Bought to Close NVDA JUN 19 2020 315.0 Put @ .10 (sold for 4.40)
LULU Earnings
#Earnings #JadeLizards – Taking some heat on the upside so calling this one good enough…
Bought to Close LULU JUN 19 2020 285.0/310.0/315.0 Jade Lizard @ 2.80 (sold for 6.00)
SPX 7-dte
#SPX7dteLong Bought to open $SPX June 22nd 3030/3050-3060/3080- condors for 18.30, with SPX at 3054.
#coveredcalls CODX Bought 100 shares…
#coveredcalls CODX
Bought 100 shares @ 17.27, Sold a June 19, 18 call for .70, debit of 16.57, thanks JSD501 for the ticker idea.
Premium is rich for a $16 stock.
VXX Puts
Sold VXX 06/19/2020 34.0 Put @ 0.63
Sold VXX 06/19/2020 33.5 Put @ 0.55
Sold VXX 06/19/2020 33.0 Put @ 0.43
Sold VXX 06/19/2020 32.5 Puts @ 0.37
Sold VXX 06/19/2020 32.0 Puts @ 0.26
Sold VXX 06/19/2020 31.0 Puts @ 0.19
Re-establishing diagonals against 2021 and 2022 long puts
A TRADE
SDGR STO 7/17/20 85.0 CALL @2.20
#jadelizard EWW Sold July 17,…
LULU BECS Closed / DFEN CCL Put Rolled / SQ Puts / NVTA ROKU MRVL Call / NFLX BUPS Closed
#bups
$LULU BTC 6/19 320/330 BECS at .50 STO at 3.65. Thank you @ramie
$NFLX BTC 6/19 380/400 BUPS at $1.00. STO 4/30 at 6.93
#shortputs
$DFEN BTC 6/19 19 put and STO 7/17 18 put at even. Stock at 14.50
$CCL BTC 6/19 21 put and STO 6/26 21 put at .60 credit. Stock at 19.46
$SQ BTC 6/19 87 put at 1.15. STO for 4.65 on 6/12
$SQ STO 6/19 88 put at 1.66
$SQ STO 6/26 88 put at 3.05
#coveredcalls
$NVTA STO 6/19 17.50 call at .35
$MRVL STO 6/19 35 call at .40
$ROKU STO 6/19 112 call at 1.60
QCOM short puts
Sold $QCOM 7/17 80 puts @ 2.15. 28 delta, IV rank 41.
SPY Ladder Roll
Bought to close SPY 06/15/2020 300.0 Call / Sold SPY 06/22/2020 302.0 Call @ 1.05 Credit Plus a 2.00 higher strike to avoid assignment on today’s short call.
Stock was 306.77 (up from an opening low below 299)
#SPYLadder
TQQQ
STO July 24, 45 puts at .85
SPCE
#ShortPuts – Early fill…
Bought to Close SPCE JUN 19 2020 13.0 Puts @ .10 (sold for .95)
Puts sold today
TDOC July 17, 180 put at 14.52
CODX 17 puts at 3.83
NET 31 puts at 2.60
DOCU 155 puts at 5.60 for June 26
DXCM July 17, 390 put at 26.00
TQQQ
BTC June 19, 30 puts in my IRA at .01,sold at 1.47
TRADES:
NET BTO STOCK @30.99 Broke a triple top today, a buy signal at 31..
AAL STO 17.0 6/19/20 CALLS @.55 Will cover if necessary.
SWBI STO 6/19/20 20.0 CALLS @.70 Earnings Thursday, my mistake.
