#shortputs
$WDC BTC 6/19 40 put at .51. STO 5/6 at 2.86
Recent Updates Page 216
ZM Earnings
#Earnings #JadeLizards #OneNightStand – Closing the call side before it gets to max loss and letting the put side expire. Total profit of 7 cases of Coors Light. 🙂 🙂
Bought to Close ZM JUN 5 2020 197.5/200.0 Bear Call Spread @ 1.80 (Lizard sold for 2.90)
OXY
Sold OXY 06/05/2020 17.00 Covered Calls @ 0.06. Two days until expiration with the stock at 15.35
UVXY longs
#VXXGame Bought to Open $UVXY July 17th 90 calls for .47. I’d prefer to go further out in time but there are no August options yet and September’s are still pretty expensive. I’m looking to add some Sept soon.
SPX calls stopped
#SPX1dte BTC $SPX June 3rd 3120/3140 call spreads for 2.00. Condors sold yesterday for 1.10.
VXX long call
Following Jeff from yesterday.
Bought 1 VXX 08/20/2020 85.00 Call @ 0.43.
I will be writing against this weekly and should be able to cover my cost in a few weeks.
SPY diagonal adjustment
Sold to close 1 SPY 06/19/2020 310.00 Call / Bought 1 SPY 08/21/2020 325.00 Call @ 0.34 Credit.
Bought the 310 call @ 1.97 and sold today @ 5.68.
I will continue and roll out the short calls in the diagonal weekly until August.
Edit: Rolled 1 SPY 06/03/2020 299.0 Call to a 06/10/2020 300.0 Call for a 0.05 Credit and pushed the strike up a point.
SPY – I’m out
Sold the last lot of SPY @ 309.62 in the pre-market. Bought this @ 230.00 in March.
VXX long calls
#VXXGame Loading up some longs for next volatility spike. In March, some of these I bought for .30 were sold for over 50.00. Be surprised if that happens again, but at least they can hedge any shorts I sell. Also trying some $UVXY but wasn’t filled yet.
Bought to open $VXX August 85 calls for .50.
SPX –
S&P Futures Surge 10 Points In One Tick On $3.2BN Market On Close Buy Imbalance
VXX diagonal late trades
Sold VXX 06/05/2020 31.00 Puts @ 0.32 and VXX 06/06/2020 31.50 Puts @ 0.51 against existing 2021 and 2022 long puts.
#DoubleDip
ZM Earnings
#JadeLizards #Earnings – Going with the Lizard. Playing it to the downside with breakeven down by the 50 ma and slightly outside the expected move. No upside risk…
Sold ZM JUN 5 2020 170.0/197.5/200.0 Jade Lizard @ 2.90
SQQQ
With the Nasdaq starting to lag a bit, I’m looking at covered call trades for SQQQ. The stock is just a few cents off it’s all time low of 9.23 set today.
Looking to write near term 10.50 or 11.00 covered calls to give it a bit of room to run.
The contango drag is powerful with this one so stay small..
Remember the old saying for markets – escalator up – elevator down
SPX 1-dte
#SPX1dte Sold to Open $SPX June 3rd 2970/2990-3120/3140 condors for 1.10, IV: 18.86%, SPX 3063, deltas: -.06, +.06
VXX new diagonal
Bought to open VXX 06/17/2022 7.00 Puts / Sold to open 06/12/2020 31.00 Puts @ 0.17 Credit.
The short is 10 dte ( a bit longer than normal for me) and the long is 2 years (745 dte).
I think contango drag in VXX will help my long position eventually?
SMH SPY TQQQ EWW EWZ
#ShortPuts – A few today…
SMH: Never got a chance to add.
Bought to Close SMH JUN 19 2020 115.0 Put @ .12 (sold for 2.21)
SPY: Was going to roll back out to 45 days but premium just isn’t there.
Bought to Close SPY JUN 26 2020 265.0 Put @ .86 (sold for 4.52)
TQQQ: Waiting for a pullback now.
Bought to Close TQQQ JUN 5 2020 60.0 Put @ .02 (sold for 2.20)
Bought to Close TQQQ JUN 12 2020 55.0 Put @ .13 (sold for 2.20)
EWW: Book ’em on the big run up.
Bought to Close EWW JUN 19 2020 28.0 Puts @ .09 (sold for .90)
Bought to Close EWW JUN 19 2020 29.0 Put @ .13 (sold for 1.21)
Bought to Close EWW JUN 19 2020 30.0 Put @ .20 (sold for 1.70)
EWZ: Closing Jun and selling starters in July staying very bullish. Still well below it’s typical range.
Bought to Close EWZ JUN 19 2020 22.0 Puts @ .07 (sold for 1.80)
Bought to Close EWZ JUN 19 2020 23.0 Puts @ .12 (sold for 2.05)
Bought to Close EWZ JUN 19 2020 24.0 Puts @ .18 (sold for 2.20)
Bought to Close EWZ JUN 19 2020 25.0 Puts @ .28 (sold for 2.50)
Sold EWZ JUL 17 2020 28.0 Put @ 1.55
Sold EWZ JUL 17 2020 29.0 Put @ 1.98
Sold EWZ JUL 17 2020 30.0 Put @ 2.56
Sold EWZ JUL 17 2020 31.0 Put @ 3.15
Sold EWZ JUL 17 2020 32.0 Put @ 3.95
Basis would be 27.36 on this block. Will add on any decent pullbacks…
VXX diagonals
Sold VXX 06/05/2020 31.00 Puts @ 0.27 against 2021 and 2022 long puts
PTON
BTC $PTON Jun-05-2020 43 #ShortPuts @0.18. Was STO 5/26 @2.05.
#shortputs FEYE Sold June 19,…
#shortputs FEYE
Sold June 19, 12 put for .32
TQQQ
BTC June 5, 50 puts at .01, that is the last of the June 5 expiration.
OSTK
STO $OSTK Jun-05-2020 22.5 #CoveredCalls @0.45 credit. Basis now 19.40.
OLLI TQQQ WORK AXSM Close Puts TQQQ Put / RAD Calls
#shortputs
$OLLI BTC 6/19 80 puts at .60. STO 5/22 for 3.70
$TQQQ BTC 6/19 35 puts at .05. STO 4/15 for 2.35 Thank you @jsd501
$WORK BTC 6/19 80 puts at .50. STO 5/11 for 2.78
$AXSM BTC 6/19 92.50 puts at 19.11. STO 5/11 for 8.00. Ouch!
$TQQQ STO 9/18 35 put at 1.50 Thank you @jsd501
#coveredcalls
$RAD STO 6/5 14 calls at .28
TQQQ
BTC June 5, 45 puts at .01, Now waiting to get filled on the $50 puts.
MRVL Put Closed / ROKU Calls
#shortputs
$MRVL BTC 6/19 25 put for .05. STO at 1.30 on 5/8
#coveredcalls
$ROKU STO 6/5 113 calla at 2.40
#coveredcalls VSTO Bought 100 shares…
#coveredcalls VSTO
Bought 100 shares @ 10.75, sold June 19, 10 call for 1.65, 9.10 debit
SPX trades
#SPX7dteLong Bought to Open $SPX June 8th 3030/3050-3060/3080 condors for 17.50, w/SPX at 3058.
Expiring: June 1st 3010/3030 call spreads for 20.00. Condors bought for 16.65 last Tuesday.
#SPX1dte Expiring: June 1st 2910/2930-3110/3130 condors, sold Friday for 1.10.
Put Seller?
No trades today but after a 12 week wait and 2 hours at the DMV I’ve finally got them and I can’t quit laughing!
🙂 🙂 🙂 🙂 🙂
WORK
Rolled $WORK Jun-05-2020 33.50 #CoveredCalls // Jun-12-2020 #CoveredCalls @0.05 Debit. Still ITM, but $0.50 better strike.
#shortputs #closing FEYE GPRO CAR…
#shortputs #closing FEYE GPRO CAR
GPRO bought June 19 3.5 put for .04 sold May 18 for .18
FEYE bought June 19, 11 put .11 originally sold April 30 for .39, rolled May 5 for .72
CAR bought June 19, 20 put for .12, bought May 22 for 1.11
Adjust CODX
Original trade was a diagonal call spread, long 8/21 10 calls and short 6/19 20 calls. With the stock at 17.95 and 19 days to expiration, I rolled the 6/19 20 calls out to 7/17 20 calls @ 1.05 credit. Debit on original trade was 6.00, so cost basis now reduced to 4.95.
Rolling TSLA
Rolled $TSLA 6/19 650/630 bull put spread up to 780/760 for 2.80 credit (short puts 17∆). Paired as an iron condor with 950/970 bear call spread. Stock at 884.00. Total premium for position now 7.50.
SPY Rolling Diagonal Call Ladder
Bought to close 1 SPY 06/01/2020 298.00 Call / Sold 1 SPY 06/08/2020 300.00 Call @ 0.30 Credit plus 2.0 points higher on the short strike.
(Avoiding assignment for the call due to expire today)
#SPYLadder
LULU call spread
Sold to open $LULU 6/19 320/330 bear call spread @ 3.05.
TQQQ
BTC a partial fill on the 40 puts for June 5 at .01, sold at .63
The all filled at .01 so, I am working on my 45 puts and 50 puts.
#coveredcalls WFC Sold June 5,…
#coveredcalls WFC
Sold June 5, 27 call for .59
Markets
The FAAMGs Are Up 15% In 2020; The Remaining 495 S&P Stocks Are Down 8%
May IB Account
- 12/12 Positions have cumulative net profit. Source of profit:
- 4 stock driving profit
- 4 short options driving profit
- 4 stock and options driving profit
Overall net profits would be higher with just owning the stock (driven by DXCM and EW). Removing DXCM and EW from the calculation we have $19,000 in profit ($9,004 from stocks, $10,000 from short options).
6 positions assigned. 3 positions expired. 1 Diagonal down.
Moved to the cottage in Canada on Thursday. Issues with internet and couldn’t get trades done to roll positions and avoid assignment/expiration. Managed to get Schwab trades done but ran out of time with IB :(. Love the cottage…..hate the service.
Options Expiration
WFC 28 covered call
VFC 52.50 put
TLRY 9.5 put
Managing DXCM CC Positions
DXCM has been on a wild ride since early March with a low of $182.07 and a high of $428.59. The increase has made it a significant percent of my account. Interesting challenge to manage. Protect on the downside after such a run up and leave some upside. Getting called away will trigger a capital gain that I would prefer to manage over time (make it long term).
In mid May I switched to a “ladder” of strike prices under the stock price to increase the protection. I was not able to protect all of the gain. The stock has dropped $90,775 in value. Options have increased in value by $59,625 for a net loss of $31,510. The position has a profit of $90,305 in 44 days.
The current position is below. 4.8% protection and 2.8% upside. Options are all Jun 19 expiry (monthly only).
Not sure if I have done the right management. If I had known the stock would go on such a run I wouldn’t have sold the calls to start with! Hope this might help someone manage a similar position. Comments/suggestions are welcome.
VXX – after hours trade
New diagonal
Bought to open VXX Jan 21 2022 6.0 Puts / Sold VXX Jun 03 2020 31.0 Puts @ 0.09 Credit.
The short is 7 dte and the long is 602 dte, and I can write a new option every week.
Options Expiration May-29-2020
Just a couple.
OX $LULU May-29-2020 250/260 #BuPS
OX $OXY May-29-2020 14.5 #CoveredCall
Expiration
#optionsexpiration
$RAD 13.5 call
$ROKU 114 call
$ROKU 112 call
$AMD 57 call
$TQQQ 50 put Thank you @jsd501
$PFE 37 put
$DKNG 28 put Thank you @honkhonk81
$ZS 70/75 BUPS Earnings trade STO yesterday at 1.77
Options Expiration
Expirations – everything else was rolled out a week
OXY 05/29/2020 17.00 Covered Calls
SLB 05/29/2020 19.00 Diagonal Calls
VXX 05/29/2020 30.00 Diagonal Puts
VXX 05/29/2020 30.50 Diagonal Puts
Assignments – no good roll was available for additional cash flow so I’m letting these go..
AA 05/29/2020 8.00 Covered Calls
WBA 05/29/2020 37.50 Covered Call (I got the initial time premium plus the $0.4575 Div)
OPTIONS EXPIRED 5/29/20
AAL 11.0 CALLS STO @.66
AAL 10.0 PUTS STO @.58
ACB 11.0 & 13.0 PUTS STO @.39 & .55
ACB 18.0, 19.0,21.0 CALLS STO @1.18 & .73 & .88
DKNG 28.0, 32.0 PUT STO @1.10 & 1.30
DKNG 32.0 CALL STO @1.10 Stock will be called
OSTK 18.0 CALLS STO @1.00 MAYBE BTC for .15
OSTK 19.0 CALLS STO @.75
VXX Diagonal Put roll
Bought to close VXX 05/29/2020 31.0 Diagonal Puts @ 0.01.
Sold VXX 06/05/2020 30.0 Puts @ 0.23.
#DoubleDip or #TripleDip against the long side positions
AMD Puts
#shortputs
$AMD STO 6/5 50 puts at .78
SPX 1-dte
#SPX1dte Sold to Open $SPX June 1st 2910/2930-3110/3130 condors for 1.10. IV: 17.3%, SPX 3040, deltas: -.05, +.05.
Expiring: May 29th 2920/2940-3090/3110 condors, sold yesterday for 1.10.
TQQQ
Today I STO the September 18, 35 puts at 1.63 and the 30 puts at 1.12
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 5th 3030/3040-3050/3070 condors for 17.35, with SPX at 3043.
I realized today that I mistakenly SOLD my June 3rd 2990/3010-3020/3040 7dteLong condor instead of buying it (sold for 17.25 on Wednesday). So today I BTC the call spread for 11.00, and am now looking to close the put spread for 4.40 before the close.
Regarding today’s expiration, the sale of the 2940/2920 put side of my 1-dte condors yesterday effectively closed my long put spread of the same strikes I sold last Friday. So at the open today, I sold the May 29th 2960/2940 put spread for .85. That should expire with full profit.
QQQ
BTO Debit IC Jun 5 234.5/236.5 227.5/225.5 $1.20
SLB Covered Calls
Bought to close SLB 05/29/2020 19.50 Covered Calls / Sold SLB 06/05/2020 19.50 Covered Calls @ 0.14 Credit
VXX Strange roll
Bought to close VXX 05/29/2020 40.0 Diagonal Calls @ 0.01
Bought to close VXX 05/29/2020 32.0 Diagonal Puts @ 0.01.
Replaced these with VXX 06/05/2020 40.0 Calls @ 0.43 and VXX 06/05/2020 30.50 Puts @ 0.29.
#DoubleDip or #TripleDip against the long side positions
Markets – up yet again
https://www.zerohedge.com/markets/atlanta-fed-now-sees-q2-gdp-collapsing-staggering-51
Nothing to see here
Econ Calendar for week of 6/1/20
#JOBS report for May is Friday morning
Link to calendar: https://research.investors.com/economic-calendar/
NTAP SPY UVXY
#ShortPuts #CoveredCalls – Slow week but nice theta throughout the accounts.
NTAP: Old earnings trade still trying to work out of.
Bought to Close NTAP MAY 29 2020 45.0 Calls @ .01 (sold for 1.60)
Sold NTAP JUN 5 2020 44.0 Calls @ 1.09
SPY: Staying involved. Not nearly as heavy as I’ve been last 8 weeks.
Sold SPY JUN 19 2020 280.0 Put @ 2.50
UVXY: Feels like we’ll have some volatility though the election so trying to grab some put premium here.
UVXY MAY 29 2020 33.0 Puts expiring (sold for .86)
Sold UVXY JUN 5 2020 32.5 Puts @ 1.15
A TRADE:
AAL BTO STOCK @10.45 A little add. Just a matter of time, and timing. ;>)
TRADES:
STNE STO 6/5/20 29.0 PUTS @.75
ACB STO 6/5/20 15.0 CALLS @.63
TRADES:
AAL STO 6/5/20 10.5 PUTS @.56
PLAY STO 6/5/20 PUTS @.65
PLAY STO 6/5/20 CALLS @.50
OSTK STO 6/5/20 CALLS @.60
$BIDU DiagonalBFly
$BIDU @ $103.80
Original trade:
Sold to open 1 BIDU May 29 108 short straddle @ $3.78
Bought to open 1 BIDU Jul 02 100 put / 115 call strangle @ $5.29
Net debit trade of $1.51
With BIDU moving down, need to roll the put side of the 108 short straddle
Rolled to the Jun 05, 105 short put for a debit of $0.92 – however, improving $3 in position.
Will let the May 29, 108 short call expire worthless and willing to take the risk by already opening the new short call leg to complete the $105 short straddle:
STO BIDU Jun 05, $105 call @ $2.20
The original Diagonal Butterfly was put on for a debit of $1.51, so the overall position now is in credit for $0.69.
AMD
STO $AMD Jun-05-2020 50 #shortputs @0.70.
7th week in a row. Small trade & would accept the stock if it gets assigned.
CCL rollup
Bought to close CCL 05/29/2020 16.00 Covered Call / Sold CCL 06/05/2020 16.50 Call @ 0.30 Credit plus an extra half point higher on the strike for one more week.
TQQQ
BTC May 29, 60 puts at .01 and that is the last for that expiration.
VIAC Rollup
Bought to close VIAC 05/29/2020 21.00 Diagonal Calls / Sold VIAC 06/05/2020 22.0 Calls @ 0.07 Credit plus an extra point higher on the strike for one more week.
SLB last hour rolls
Bought to close SLB 05/29/2020 18.00 Calls / Sold SLB 06/05/2020 18.00 Calls @ 0.22 Credit
Bought to close SLB 05/29/2020 18.50 Calls / Sold SLB 06/05/2020 19.00 Calls @ 0.02 Credit but a 0.50 higher strike for next week.
Still cash flow positive.
SPX 1-dte
#SPX1dte Sold to Open $SPX May 29th 2920/2940-3090/3110 condors for 1.10. IV 22%, SPX 3026, deltas -.06, +.06.
Selling that actually closed the put side of my long condor. I want to sell it again to officially take the profit on my long and leave me short as intended.
Boeing put spread
Sold $BA 7/17 130/120 bull put spread @ 2.06, with the stock between 152 and 153. Short puts at 21 delta.
#rolling VIAC Rolled June 19,…
#rolling VIAC #shortputs CCL
VIAC Rolled June 19, 25 put to July 17 for .37
CCL sold June 5, 11 put for .40
WFC early rollup
Bought to close WFC 05/29/2020 27.50 Calls / Sold WFC 06/05/2020 28.00 Calls @ 0.24 Credit plus a 0.50 higher strike
#shortstrangles ROKU Sold JUly 17,…
Rolling MMM again
Rolled short $MMM 9/18 115 puts up to 130 puts @ 1.50 credit with the stock at 159.17, new delta 16. This is the second rollup (from 100 to 115 to 130). Total premium collected now 5.12.
TQQQ
BTC May 29, 55 puts at .01 and waiting for my 60 puts order to fill at .01
SPY
Sold another lot of my SPY @ 306.12. Bought this on 3/16 @ 240.00
I honestly didn’t think it would get back here.
My last remaining lot was bought @ 230.00 and I will enter a sell order now another 2.50 higher.
ps. you’d think the VIX would be collapsing today as we hit new highs, but it is flat
LULU
EWZ DiagBFly
$EWZ @ $27.26
Sold to open 1 EWZ June 05: 27 short straddle @ $1.62
Bought to open 1 EWZ Sep 18: 24 put / 30 call strangle @ $2.93
Net debit trade of $1.32
#coveredcalls WFC Sold May 29,…
#coveredcalls WFC
Sold May 29, 28 call for 22, cost basis is 27.
