#longleaps
$TQQQ STC 1/17/2020 66.67 calls at 19.60. BTO 11/12/2018 at 8.20. This was the position I had been selling calls during the year. 42 rolls in all. The 19.60 price was from a 21.50 stop. Option closed the day at 23.00. I believe I bottom ticked with a little help from Market maker. Now for the 
Recent Updates Page 224
ROKU LABU EXAS Covered Call / OKTA BUPS (not the eight legged inker)
#coveredcalls
$ROKU STO 1/10 144 call at 3.60
$LABU STO 1/10 56 call at 1.50
$EXAS STO 1/10 97 call at 1.30
#bups
$OKTA STO 2/21 105/115 BUPS at 3.10
SPX Campaign
Closed my Jan 10th 3120/3100 BuPS @ 0.25. Will look to reload tomorrow.
SPX puts closed
#SPX1dte BTC $SPX Jan 6th 3175 puts for .05. Spreads sold for .40 on Friday.
AMD
Seems to be a lot of premium in AMD, earnings not until Jan. 27. Just looking right now.
SEDG
STO February 21, 85 puts at 2.60, stock is at 99.50
#rolling #coveredcalls SBUX Rolled 85…
#rolling #coveredcalls SBUX
Rolled 85 call to February bringing cost basis to 84.21, may pick up dividend of .40. This was an October ratio spread that went bad, was assigned at 92.50.
LK
STO Feb., 30 puts at 2.55, nice pull back today.
Go Eagles!!!!!
Go Eagles!!!!!
Upside Warning canceled
#VIXindicator The Upside Warning was canceled this morning with the VIX spike. We can now watch for a high VIX close to trigger a Downside Warning, or if we can close back below 12.68 we can look for a reinstated Upside Warning.
Expired / Assigned
$SPX 3185/3210 STO 12/27 at 2.60
$ROKU 145 call
$LABU 55 call
$LABU 60 call
$LK 39.50 call
$LK 32 put
$EDIT Assigned at 32. Basis 31.25. Stock at 28.97.
TLT trying for a fill
Trying to get filled on 2/21 129/134/144/149 iron condor @ 1.00.
SPX-ing
#SPX1dte Sold $SPX Jan 6th 3175/3150 put spreads for .40. Looking for small rally into close to sell 3270/3290 call side.
Also selling to close Jan 6th 3265/3280 long call spread…. it has broken even a few times today, then always retreated. Now looks like it will be small loss as I don’t want to risk a full loss by waiting for Monday.
Expiring:
Jan 3rd 3200/3220-3270/3790 condors, sold yesterday for .80.
Jan 3rd 3210/3185 put spreads sold last Friday for 2.60.
SPX Campaign Closed
Placed an order last night. Executed first thing this morning
#spx1dte
$SPX BTC 1/3 3255/3280 BECS at .35. STO 12/31 at 1.30
Go Blues!
#StanleyCup – One year ago today we were in last place in the entire league. We all know what happened after that. It’s that time of year to resurrect the avatar!
#OffTopic 🙂 🙂
#SPX Campaign
Happy New Year to trading
Sold Jan 10th 3120/3100 BuPS @ 0.80 this morning.
UVXY
#BearCallSpreads – If today didn’t generate a sustainable spike in volatility maybe this will…
Sold UVXY FEB 21 2020 17.0/30.0 Bear Call Spreads @ .80
Econ Calendar for week of 1/6/20
#Jobs report is Friday at 8:30am ET
Link to calendar: https://research.investors.com/economic-calendar/
#shortputs ARLO Sold Feb. 5…
#shortputs ARLO
Sold Feb. 5 put for .80, stock is at 4.70
SPY
STO Feb. 14, 300/305 bull put spread at .45
ISRG SOXL SQ ULTA VIX
#ShortPuts #BullPutSpreads #BullCallSpreads #CoveredCalls – A few this morning…
ISRG: Selling the week before earnings outside the expected move and well below the 50 ma almost at the 200ma.
Sold ISRG JAN 17 2020 550.0 Put @ 2.80
SOXL: Finally back in this one.
Sold SOXL Jan 17 2020 230.0 Put @ 3.20
Sold SOXL Feb 21 2020 200.0 Put @ 5.50
SQ: Staying aggressive with the covered sales.
Bought to Close SQ JAN 3 2020 64.0 Calls @ .05 (sold for 1.52)
Sold SQ JAN 10 2020 62.5 Calls @ 1.30
ULTA: Stopped out at tiny profit on an extra sale against stock.
Bought to Close ULTA JAN 17 2020 240.0/210.0 Bull Put Spread @ 2.32 (sold for 2.36)
VIX: Taking off the long side of the double vertical. Holding short put spreads to keep some long volatility.
Sold to Close VIX JAN 22 2020 15.0/18.0 Bull Call Spreads @ .80 (original trade put on for a .05 credit)
STNE
BTC STNE 17 JAN 20 37 PUT @.25…..STO 12/27 @.75….thanks @geewhiz112 for the ticker
AMD Puts Closed / AMZN BUCS Closed
#shortputs
$AMD BTC 1/17 40 put at .10 STO at 1.32. Thank you @ramie77
#bucs
$AMZN Partial STC 1/17 1820/1860 BUCS at 30.00. BTO at 18.54 on 11/27
#perpetualrollingstrangles TSLA I sure don’t…
#perpetualrollingstrangles TSLA
I sure don’t want it to be perpetual;
Rolled inverted 300/430 strangle from Jan. 17 to Feb. 21 for 16.95. I have collected 85.61. Motley Fool now says it’s a buy.
LABU
STO March 20, 40 puts at 2.45
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 3rd 3200/3220-3270/3290 condors for .85, IV 7.75%, SPX 3247.
KOLD
#BearCallSpreads – Nat gas approaching multi year lows so taking a slightly long starter position for the winter.
Sold KOLD FEB 21 2020 45.0/53.0 Bear Call Spread @ 1.77
SPX long calls
#SPX1dte Went long on the pullback as I think we will stair step higher for next few days; warning, however… what I “think” has not been working too well lately!
Bought to Open $SPX Jan 6th 3265/3280 call spreads for 1.45.
ILMN
#ShortPuts – Selling the week before earnings and at the expected move and below the 50 and 200 day moving averages. Selling the week prior sets up nicely for either a roll into earnings or a juicy covered call sale or another put sale. This is also the weakest ticker in my main watchlist today.
Sold ILMN JAN 24 2020 300.0 Put @ 3.60
Beware: There might be some news driven event the week prior to my sale. The IV is higher for the week of Jan 17 expiration.
T Puts
#shortputs
$T STO 1/10 38.50 put for .48. Ex dividend 1/9. Plan is stock go up in next few days as investors buy for the dividend.
If stock put to me I expect stock to rise into earnings on 1/29. I actually thought this out. Must be a new year.
Good Morning
Good Morning
SPY
STO February 14, 334/340 bear call spread at .55, delta of .15 on the short call.
STNE Call Rolled
#coveredcalls
$STNE BTC 1/10 40 call and STO 1/17 42 call at .98 debit. Stock at 42.11 this morning. Buffet likes it, and I love buffets.
T
STO T Feb 21 2020 T 40 #CoveredCall @.52
One Shoe At A Time BOOT Puts
#shortputs
$BOOT STO 1/17 45 puts at 1.85.
Monster rally continues
#SPX1dte I resolve in 2020 to ask before putting on certain trades: “Is it a better risk to BUY or SELL this spread?” I should have asked that Tuesday when I sold a call spread during this Upside Warning and blistering rally!
Happy New Year everyone! 3,500 on S&P this year? Or will that threatened recession start?
STNE Call Rolled
#coveredcalls
$STNE BTC 1/3 39.50 call and STO 1/10 40 call at .25 credit.
Final roll of year.
Happy New Year and I hope this year was Happy too.
Happy new year
Happy new year to all.
Thankful for all of you.
Your sharing, your caring, your advice is much appreciated.
A wonderful community.
A wonderful leader.
All the best
TQQQ
#ShortPuts – My last one just for fun…
Bought to Close TQQQ JAN 03 2020 79.0 Put @ .09 (sold for 1.23)
Happy New Year!!
Final 2019 trades
#SPX1dte Sold $SPX Jan 3rd 3250/3275 call spreads for 1.70. Offsets 3210/3185 put spreads sold Friday for 2.60.
Expiring today: Dec 31st 3155/3175/3255/3275 condors, sold yesterday for .80.
Happy & Healthy New Years…
Happy & Healthy New Years to ALL!!!!
SPX Campaign Closed
#spxcampaign
$SPX BTC 12/31 3175/3200 BUPS at .10. STO 12/24 at 2.40. Thank you @jeffcp66
#assignment #earnings STT October 17,…
#assignment #earnings STT
October 17, I sold a 55/65 strangle. I rolled twice and inverted to January, still was assigned on the short call argghh. The short put had some profit in it so I closed it. I’ll be dealing with this for a little while.
Happy New Year trading friends!
RH BUCS
#bucs
$RH BTO 1/17/2020 210/230 BUCS at 7.80. Joining S&P Midcap 400 index.
GUSH
STO June 19, 50 call at 5.00
EDIT
STO January 17, 27.5 puts at .90, a starter position if I get assigned.
NUGT Covered Calls
#coveredcalls
$NUGT STO 1/3 36.50 at .57.
Macy’s eat your heart out. Quite the display @jeffcp66
MU Earnings Closed / NUGT Puts Closed Finally / SPX Expired
#shortstrangles #earnings
$MU BTC 1/17 1/17 45/60 Strangle @ .20. STO at .83. Thank you @jsd501
#shortputs
$NUGT BTC 1/10/2020 32.5 pus at .88. STO at 2.68. This is a culmination of rolls since 10/18.
Ended up making less than 1 per contract. Or I earned .40 an hour for rolling. 😉
#spx1dte #Whew!
$SPX 3195/3215/3260/3280 expired. STO @ 1.75. Thank you @jeffcp66
SPX 1-dte
#SPX1dte Sold $SPX Dec 31st 3155/3175-3255/3275 condors for .80, IV: 10.48%, SPX 3223.
AAL
#BullPutSpreads – Some guys in our union forum were debating the pros and cons about our outlook for next year. Have to say I’m on the fence. Lots of labor contract negotiations going on but fleet renewal will be winding down so maybe some debt reduction possible with the cash flow now. I suggested a low risk way to get long so since I suggested it I had to do it myself.
Going with an ITM bull put spread out a few months. Here’s my post from that forum:
=============================================================
I’m as bearish as the next guy on airlines but I’m taking a small shot with low risk…
Sold 5 AAL MAY 15 2020 35.0/30.0 Bull Put Spreads @ 3.75
What now?
1. Stock rallies above 35 by expiration full profit of $1875
2. Stock implodes then I’ll own 500 shares at a basis of 1.25 above wherever the stock ends up (in this case lower the better)
3. Stock goes to zero I’ll lose $625
4. Anything above 31.25 at expiration makes money or a near term rally makes money also
NUGT calls
Sold $NUGT 6/19 51 call @ 4.00
UVXY
#BearCallSpreads – Adding just a little out to Feb…
Sold UVXY FEB 21 2020 18.0/30.0 Bear Call Spreads @ .86
UBER strangle
#PerpetualRollingStrangles BTC $UBER Jan 10th 25.5 puts for .05. GTC Order in to close 31.5 calls for same. Strangles sold for .80 on Dec 6th.
FIVE I.C.
BTC FIVE iron Condor 0.65 was STO Dec 5th for 1.20
DIS
STO Jan. 17, 150 covered calls at .75
GUSH
STO Feb. 21, 45 calls at 2.15
LABU
#ShortPuts – Thanks @jsd501 !
Sold LABU Jan 31 2020 48.5 Put @ 2.34
Stops breached.
#SPX1dte . Stops have been breached on all three of the put spreads I’m holding. Looking to exit, but also have to run out for awhile.
LABU
STO February 21, 45 puts at 2.60
#earnings Data From 2019 I…
#earnings Data From 2019
I placed 223 and closed 219 earnings trades in 2019.
Of those that were closed;
114 strangles, 23 double calendars, 17 iron condors, 10 short straddles, and a bunch of “various” including jade lizards, long puts and calls as hedges.
Nearly every trade was a 1 lot. I bought 3 HD double calendars by mistake and it went to the losers bracket.
I made $10,108. 197 trades were profitable with a range of 3 cents to $711. This was an assignment that worked in my favor, obviously. The average was $46.15.
There were 22 losers totalling $3,134. $1,936 in losses were from 2 trades, CL and GS early in the year. Being assigned was the cause of some losers. That is the risk with selling premium, every now and then we can get burnt.
21 trades had to be rolled, but I’m not confident of that number.
I was assigned 7 times.
I have some unsettled losing positions in TSLA (grrr), STT and ZM. SBUX is unsettled but is green.
Thank you to everyone who provides ideas and advice and trade management.
Many many thanks to Jeff for the earnings data, I make many requests and he is always gracious in providing the information, as he is with this excellent website.
Expiration
$LK 30.5 put
$SPX 3195/3215/3250/3270 IC Thank you @jeffcp66 I was fortunate to be at home all day watching.
EWZ
#ShortPuts – Not much left here. Hoping for better opportunities next week.
Bought to Close EWZ JAN 10 2020 43.0 Puts @ .08 (sold for .46)
GLOB
STO February 21, 100 puts at 3.20
STNE Calls Rolled
#coveredcalls
$STNE BTC 12/27 38.50 call and STO 1/3/2020 39.50 call at added .10 credit and added $1 if called away next week. Stock at 38.79.
LABU
#ShortPuts – Starter position just to get something going…
Sold LABU JAN 17 2020 50.0 Put @ 1.45
Econ Calendar for week of 12/30/19
Link to calendar: https://research.investors.com/economic-calendar/
SPX 1-dte
#SPX1dte Stopped at the car charger in Rawlins, WY, to place the trade:
Sold $SPX Dec 30th 3195/3215-3250/3270 condors for .85. IV: 5.64%, SPX 3234.
Man, my exit this morning really sucked. Had to hit the road early so I couldn’t wait, but I’ve so many times seen futures up before the open, and then just sail higher after the bell. Happened exactly the opposite way today, so I got shafted. Fortunately, it wiped out only a couple of trades from a pretty good string these last few weeks.
LK Puts Sold / LK Covered Call
#shortputs
$LK STO 1/10 35 puts at 1.35. Replacing the 12/27 30.5 puts that will expire today.
#coveredcalls
$LK STO 1/3 39.50 calls at .85
#rolling TSLA Have I said…
#rolling TSLA
Have I said lately that I hate TSLA.
I rolled a Jan. 3, 350 put to Jan. 3, 430 for 11.68, giving me a Jan. 3, 300/430 inverted strangle. I have collected 62.37 over 6 rolls. Next week I’ll likely roll again, earnings are coming up argghh.
MELI
BTO January 17, 605/620 bull call spread at 6.80
ROKU BuPS
STO 10 Jan 138/133 for 2.11
Jade Liz.
23 DEC, STO REGN 375/375/382.5 JL FOR 8.15
26 DEC BTC FOR 7.81
PTON
Closed out my remaining PTON positions – stock sold at a small loss, but I’ve made up for it in other trades.
SPX stopped
#SPX1dte Should rolled this into a long call spread at the close yesterday…
BTC $SPX Dec 27th 3250/3270 call spreads for 3.30. Condors sold yesterday for .80. This will break me even on this trade plus the put spread for 12/31.
Driving today so I had to get out when I could… cheaper exit available now.
Options Bistro 