Bought 100 OKE / Sold 1 OKE Mar 27 2020 27 Call @ Net Debit at $16.51.
Stock down 22% today.
#AccidentalHighYield
Recent Updates Page 213
APRN
One of the few stocks that’s up right now. STO Mar20 6 put for .53
SLB
STO SLB 17 April 17.5 call @.85….selling below my basis so keeping it on a tight leash
BA Covered Call
Bought 100 BA / Sold 1 BA 04/17/2020 85.00 Calls @ Net Debit at $68.39 with the stock @ 99.63.
This is 10 points better than this exact trade yesterday.
Fun stat for the day
The Dow has moved up or down over 4% for seven days straight, beating the previous record of six days that occurred in November 1929.
SPX-1dte
#SPX1dte Sold $SPX Mar 18th 2220/2240-2740/2760 condors for 1.95, IV: 94%, SPX 2523, deltas -.05, +.07. OTM: -11.2%, +7.8%.
TQQQ
In my IRA STO March 27, 40 puts at 6.00
April 3, 35 puts at 4.82
April 9, 30 puts at 3.60
ROKU
#CoveredCalls – Bought to Close ROKU MAR 20 2020 95.0 Call @ .05 (sold for 2.60)
Take that virus!!
ROKU
I was assigned early on my 110/150 strangle that will expire on Friday so I sold the May 110 call at 1.35
UVXY condor
#VXXgame Sold $UVXY March 27th 50/60-130/140 condors for 3.65.
GPS Covered Call
Bought 100 GPS / Sold 1 GPS 03/27/2020 9.00 Call @ 7.00 Debit
#AccidentalHighYield
SPCE
#CoveredCAlls – I’ll be getting a little more stock this week so covering it early with spreads…
Sold SPCE MAR 27 2020 13.5/24.0 Bear Call Spreads @ 1.15
BA
STO Mar20 (3 DTE) 100 put in an IRA for 9.00 with the stock at 108. I could have waited for a couple minutes and gotten a better fill. But I chased it a bit.
LABU ROKU SOXL
#CoveredCalls – These are all below my bases* in the stocks but that’s ok. It would be a good thing if they get threatened…
Sold LABU MAR 27 2020 19.0 Call @ 1.01
Sold ROKU MAR 27 2020 70.0 Call @ 2.64
SOXL: Rolled down yesterday and today.
Rolled SOXL APR 17 2020 130.0 Call to APR 17 2020 100.0 Call @ 6.20 credit (19.65 total now)
- Looking at the noun basis on Wiktionary.com, it indicates that the plural is either bases or baseis. It looks like the rare baseis comes from the Greek, but the common bases just refers back to basis and that does not explain the plural etymology.
🙂 🙂 🙂
TPR Covered Call
Bought 100 TPR / Sold 1 TPR 03/27/2020 11.00 Covered Call @ 10.00 Debit.
#AccidentalHighYield
New VIX highs
Highest VIX close since 1987.
Largest move down in SPX since 1987 (on percentage basis).
Largest point move in SPX ever.
UNM Covered Call
Bought 100 UNM / Sold 1 UNM 03/20/2020 17.50 Covered Call @ 12.45 Debit.
#AccidentalHighYield
BA Covered Call
Bought 100 BA / Sold to Open 1 Contract BA Apr 17 2020 85 Call Net Debit at $78.39 with the stock at 130.24.
Thanks @parrothead11 for the idea
TQQQ i had an order…
TQQQ
i had an order in for 2$ on a Bull Call Spread 40/45 expiration Jan15’21, never thought it would be filled but has in the panic sell of at the end of day. The Risk Reward ratio was too tempting
Panic close
#LongLEAPs Started again: BTO $TQQQ Jan 2021 90 calls for 2.50. Filled instantly.
TRADES TODAY:
SDGR STO 3/20/20 30.0 PUT @1.65
STNE STO 3/20/20 23.0 PUTS @.80 Will take the stock on these two.
AAL STO 3/20/20 17.0 CALLS @.70 Thank you @Iceman. Hope all is well with you.
Closing all VXX-game
#VXXGame. Since most of my options are expiring this Friday, I’m closing the whole batch of shorts AND longs. All shorts are now closed, and half the longs. I am riding the rest higher as long as it keeps going up.
[code]BA put[/code] I was just…
BA put
I was just looking at 4/17/20 BA 85 puts for $5.38, about 6% return for a month. BA would need to fall another 38% to threaten $85. Does anyone have any thoughts?
DUK
An “are you kidding me” trade. STO Mar20 75 put for 1.80, immediate fill. 27 delta with 4 days to expiration, 78 IV, 110 IVR. 78 IV for a yute? AYFKM?
SMH
#LongPuts – Bought a bunch of these during the rally the other day. Mainly to help partially protect my SOXL position. Booking them here and I’ll use the gain to decrease the SOXL basis by another 12 dollars.
Sold to Close SMH JUN 19 2020 60.0 Puts @ .92 (bought for .35)
AAL update
In case anybody is interested…won’t affect me since I’m out on medical leave but…
Company offering pilots long term unpaid leave (voluntary furlough) or short term leave paid at half pay or if age 63 or 64 permanent leave to age 65 retirement at half pay per month.
Also parking a bunch of old airframes that were scheduled to go anyway. All hiring cancelled indefinitely. Let’s hope this is enough but it’s shaping up to be bigger than 9-11 as far as the hit goes. Crazy times in a crazy business…
#shortputs SPY Sold April 17,…
#shortputs SPY
Sold April 17, 175 put for 2.33.
SPY
#ShortPuts – Expiring today…
Sold SPY MAR 16 2020 235.0 Put @ 2.05
VIX Is 75.30? big OMG
VIX
Is 75.30? big OMG
NVDA
#CoveredCalls – Rolling out and down slightly. A little below my basis so watching it closely if it rallies.
Rolled NVDA MAR 20 2020 255.0 Call to MAR 27 2020 235.0 Call @ 7.50 credit (10.90 total now)
#shortputs HTZ Sold a July…
#shortputs HTZ
Sold a July 17, 5 put for 1.40 with stock at 7.
SPX 1-dte stopped
#SPX1dte Bought to close $SPX March 16th 2380/2400-2930/2950 condors for 6.00. Sold Friday for 1.60.
Slap my hand for selling on a Friday again. Honestly, the last minute surge on Friday sucked me in. I was quite certain we would open down today, but I felt -11%+ OTM would be safe. It may still be safe, but since it almost touched my short strike, stopping is the prudent choice.
I hope I’m not wasting…
I hope I’m not wasting everyone’s time with this. I must be missing something. Does it make sense to buy straight puts on VXX or UVXY? I see Fuzzy selling bear call spreads on UVXY to protect himself. Thank you for your thoughts.
TOS charts frozen
Anyone else?
Markets
Great reading — https://www.zerohedge.com/markets/aftermath-surveying-wreckage-last-weeks-market-nado
Some highlights:
UVXY
#BearCallSpreads – One last fill to get to a full position. Highest premium received so far.
Sold UVXY JAN 15 2021 45.0/55.0 Bear Call Spread @ 3.31
SPX 1 dte
#SPX1dte Sold to Open $SPX Mar 16th 2380/2400-2930/2950 condors for 1.60. IV: 67%, SPX (close) 2710, deltas: -.06, +.04. OTM: -11.4% and +8.1%.
Expiring: March 13th 2175/2200-2750/2775 condors, sold yesterday for 2.50.
DIS short puts
Sold $DIS 4/17 90 puts @ 7.00
TQQQ closed
#LongLEAPs Sold to close $TQQQ Jan 2021 90 calls for 4.00. Bought yesterday for 3.65 (avg price). I believe I will get a better entry.
SPY
#ShortPuts – Let’s see if we can get to the Dec 2018 low on Monday…
Sold SPY MAR 16 2020 235.0 Put @ 3.00
A TRADE:
OXY STO 2/20/20 15.0 CALLS @.61
SPY
#ShortPuts – Sold this yesterday afternoon for a one day trade. Closing it before Trump’s statement…
Bought to Close SPY MAR 13 2020 245.0 Put @ .40 (sold for 3.00)
SLB again
#LongPuts – On second thought I’m only holding these long puts to protect in the event of a CH. 11 filing so booking profits and buying a bunch more cheapies that would get the position out at close to even if SLB disappears.
Rolled 10 SLB JUN 19 2020 17.5 Long Puts to 20 AUG 20 2020 5.0 Puts @ 1.96 credit (bought for .36)
I’ll apply all the long put profits to the basis in the stock…
SLB
#LongPuts – Bought a bunch of these a few weeks ago to protect some short puts with all the turmoil in the oil patch. Taking a little profit out but keeping plenty of protection.
Rolled SLB JUN 19 2020 17.5 Long Puts to JUN 19 2020 15.0 Puts @ 1.35 credit (bought for .36)
TRADES:
WORK STO 3/20/20 20.0 CALLS @.60
WFC STO 3/20/20 25.0 PUTS @.93 Trying to buy the stock a little cheaper, or keep the premium.
T
#ShortPuts – Haven’t been in this one in awhile. Selling week before earnings at an 8.3% divvy yield and a 10 year low.
Sold T APR 17 2020 26.0 Puts @ .97
TRADES:
CODX STO 3/20/20 17.5 CALLS @.70 and the 16.0 CALLS @.95
SPCE STO 3/20/20 16.0 CALLS @1.05
RAD STO 3/20/20 13.0 CALLS @.50
STNE STO 3/20/20 34.0 CALLS @.85
Econ Calendar for week of 3/16/19
#FOMC meeting and Press conference on Wednesday
Link to calendar: https://research.investors.com/economic-calendar/
UVXY short stock
#VXXgame Bought to close $UVXY short stock for 64.00. Assigned via 15 calls on Tuesday.
On this UP day I’m making moves to get shorter on the market. I do not believe anything’s going to get better before it gets worse.
UVXY 4/3
Sold $UVXY 4/3 75/85 bear call spread @ 2.22
UVXY 3/27
Sold $UVXY 3/27 80/90 bear call spread @ 1.77
SPCE
#CoveredCalls – Got a partial earlier in the week. Finally got the rest…
Bought to Close SPCE MAR 13 2020 17.0 Calls @ .05 (sold for 4.00)
Sold SPCE MAR 20 2020 14.0 Calls @ 1.95
NVDA SOXL
#CoveredCalls – Happily assigned stock a week early allowing some extra calls to be sold. SOXL is kinda scary being a leveraged could go much lower if things get crazy next week. I may end up selling it and replacing with some long term put spreads.
Sold NVDA MAR 20 2020 255.0 Call @ 3.40
Sold SOXL MAR 20 2020 140.0 Call @ 5.50
JDST
Assigned overnight on my JDST #coveredcalls @9.5. Small win, but nice to be on the + side. Basis was ~$8.79.
#fallingknife Couldn’t resist selling MSFT…
#fallingknife
Couldn’t resist selling MSFT Apr 3 105 puts for 1.35….will be much higher in the morning it looks like.
Support?
There certainly doesn’t seem to be any on the daily chart–moving averages, areas of prior support, pivot points, etc. Looking at the weekly chart, the low from the Q4 2018 mini-bear was 2,351.10 on Christmas Eve. If you think looking at that low is relevant 15 months later, that’s only around 166 points lower than where are are now. Another day like the down days we’ve had the last couple of weeks and we’re there.
VIX close, 4th highest since 1987
The VIX closed higher 3 times in Oct/Nov 2008 (highest close 80.86)
It closed higher 7 times in Oct/Nov 1987 (highest close 150.19)
SPX 1-dte
#SPX1dte Sold to Open $SPX March 13th 2175/2200-2750/2775 condors for 2.50. IV: 101.18%, SPX 2544, deltas -.05, +.07. (has shifted back to 06/06 since it filled). Width: 550.
Today’s drop in SPX was about 8%. These strikes are -13.0% and +8.3% OTM, and I got the highest premium I’ve ever gotten.
DRIP
The $DRIP March 20th 980 strike is going for 150.00. It expires in 6 trading days. Should I buy it or sell it?
#shortputs HTZ Bottom feeding Sold…
#shortputs HTZ
Bottom feeding Sold April 17, 4 put for .50.
TQQQ starter
#LongLEAPs Bought to open $TQQQ Jan 2021 90 calls for 4.00. Will add as price drops.
2% bounce in seconds
BREAKING: NY FED SAYS TO CONDUCT PURCHASES ACROSS RANGE OF MATURITIES
— Jonathan Ferro (@FerroTV) March 12, 2020
SPY
STO May 15, 180 put at 3.05, selling every 20 points will give me 1000 shares if we get down to zero.
VIX
67.97 who would have thunk it!!
SPCE
#CoveredCalls – Partials so far. (1 of 3)
Bought to Close SPCE MAR 13 2020 17.0 Call @ .05 (sold for 4.00)
Sold SPCE APR 17 2020 15.0 Call @ 2.25
#shortstock DENN September 20, 2018…
#shortstock DENN
September 20, 2018 I sold short 100 shares of DENN at 13.96, right about the time Denny’s started a rally to around 22. I was only able to sell a couple puts, not much option activity. I closed the position today at 11.75.
So there’s that!
SPY
#ShortPuts – Forgot I had this one in. Just seeing that it was filled at the open…
Sold SPY APR 17 2020 225.0 Put @ 8.62
Crazy!
I’m not doing much of anything. Selling some covered calls as I receive stock. Keeping the rest of the powder dry for now…
Direxion Announces Reverse Splits of Three ETFs | Direxion
Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Natural Gas Related Bull 3X Shares, Direxion
— Read on www.direxion.com/press-release/direxion-announces-reverse-splits-of-three-etfs
Futures dropping
Since Trump spoke they have been in freefall. I am guessing shutting off travel to Europe is not so great for the market.
SPXpire
#SPX1dte Expiring: $SPX March 11th 2660/2680-3010/3030 condors, sold yesterday for for 2.10.
#covered calls MRO Bought 100…
#covered calls MRO
Bought 100 shares and sold a March 20, 4 call for 3.52
#closing #ironcondor TSLA January 29,…
#closing #ironcondor TSLA
January 29, sold a March 20, 440/450/700/710 for 2.98-seemed like a good idea at the time. Bought today for 2.61.
I still need another 200 points down, no offense if you’re bullish.
#contangoetfs GUSH Down to .33….
#contangoetfs GUSH
Down to .33. Can it go to zero?
Options Bistro 