Expirations etc

OX NFLX 420/430 #BuPS – Was STO @1.13 on 6/24
Rolled SLB Jul-02-2020 $20 #CoveredCalls // Jul-10-2020 $19 @0.32 Credit, but lower strike. Basis is $16.23.
OX SPX Jul-02-2020 3190/3200 #BeCS – STO @1.00 this morning, thanks @Jeff !!
OX Work Jul-02-2020 $34 #Covered Call – was STO @1.33 on 6/19. Replaced with Jul-10-2020 $31.5 @ 0.48

Happy 4th.

BABA Earnings

#earnings #shortputs #becs
$BABA STO 2/14 212.50 put at 1.13
$BABA STO 2/14 235/240 BECS at .92

File Under What Was I thinking

#becs
$AMZN BTC 3/20 2050/2080 BECS at 17. STO On 2/3 for 13. Yuck!

SPX 1-DTE

$SPX Jan 8 2020 3260/3280 #BeCS (1/2 of Condor) stopped @2.95 – will be a $2.05 loss if the put side expires. Stop was triggered at 3257.5.

LK Put Rolled / NUGT Call Closed / LULU MCD LRCX Spreads Closed

#shortputs
$LK BTC 12/13 31.50 put and STO 12/20 31 put at additional .15.

#coveredcalls
$NUGT BTC 31 call at .10. STO at 1.26

#bups #becs #bucs
$LULU BTC 12/20 185/195 BUPS at .30. STO on 11/11 for 2.60. Symmetry$ STO 11/11 BTC 12/12
$LULU BTC 12/20 235/240 BECS at .30. STO on 11/16 for 1.20.
$MCD BTC 12/20 185/190 BUPS at .20. STO on 11/1 for 1.25.
$LRCX STC 12/20 285/295 BUCS at 2.50. BTO on 10/30 for 3.40.

CMG

BTC $CMG 8/13 825/835 #BeCS. Sold 11/29 as a 795/805 #BeCS. Several adjustments later, overall loss is $4.72.

TSLA

Rolled $TSLA Dec 13 2019 352.5/362.5 #BeCS // Dec 27 2019 355/365 #BeCS @+0.5.
A pull back would be welcome.

NVDA TSLA

BTC $NVDA 180/190 Dec 20 #BuPS @0.22. Was STO 11.15 @1.65.

STO $TSLA 352.5/362.5 #BeCS @.70 #following @optioniceman

NUGT Puts Keep Rolling / BA ROKU Closed Early / TSLA BECS

#shortputs
$NUGT BTC 11/29 28 puts and STO 12/6 28 puts for added .35 credit.

#bups
$BA BTC 12/20 315/325 BUPS at .20. STO at 2.25 on 10/30
$ROKU BTC 12/20 105/115 BUPS at .20. STO at 2.80 on 11/7

#becs
$TSLA STO 12/20 360/370 BECS at 1.70

CMG

#BurritoRolls?

Rolled $CMG 11/22 740/750 #BuPS // 11/29 @1.00 Was STO 11/19 @0.75
STO $CMG 11/29 795/805 #BeCS @1.16
BTC $CMG 11/22 792.5/802.5 #BeCS @0.20 Was STO 11/19 @1.0

ISRG NVDA PTON

BTC $ISRG 525/535 #BuPS @0.25. Was STO 11/8 @1.25.

BTC $NVDA 225/235 Nov 29 #BeCS @0.4. Originally STO as 220/230 Oct 17@1.10, rolled 11/14 @-0.20.
OX $NVDA Nov 15 180/190 11/15 #BuPS. Was STO 11/5@1.05. (unless things tank this afternoon)
STO $NVDA 180/190 Dec 20 #BuPS @1.65.

From Yesterday, following Jeff’s Butterfly: BTO $NVDA Nov 15 +210c/-212.5c/-217.5c/+220 Condor @-0.45
Today: BTC $NVDA Nov 15 212.5c @0.18 Gain of (5.27 – 0.18) = +5.09
BTC $NVDA Nov 15 217.5c @0.08 Gain of (3.2 – 0.08) = +3.12
STC $NVDA Nov 15 220c @0.06 Loss of (2.4-0.06) = – 2.34
Rolled the $NVDA 210c into a Dec 20 230/240 #BeCS @+0.90 with 6.52-0.2 = 6.32 loss realized, so far, on the 210c.
All of which just about adds up to hopefully, the Call spread expires worthless and covers brokerage fees.

Rolled $PTON 27 Nov 15 27 Calls (covered) // Nov 22 28 Calls @+0.30, with $PTON @~27.6. Underlying was BTO at 27 on the day of IPO. May have jumped too early, as its pulled back under $27 again today.
Rolled Up/Out $PTON Nov 15 26 long puts // Nov 22 27 long puts @0.85.

ISRG

BTC $ISRG 10/25 585/595 #BeCS @.20. STO 10/18/2019 @1.20

ISRG NFLX OSTK

STO $ISRG 585/595 Oct 25 #BeCS @1.20. Stock @566.69

#optionsexpiration

Expiring $ISRG 470/480 #BuPS – STO 9/12 @1.5
Expiring $NFLX 225/235 #BuPS – STO 10/3 @1.56
Expiring $OSTK 20 Calls (covered) – STO 9/20@ 0.95 when the stock was a lot closer to $20.

Have a good weekend all!

TEAM

BTC $TEAM 135/145 10/25 #BeCs @0.07 STO 10/17 @1.02 as part of a 100/110/135/145 #IC (overall sold @2.05).

NFLX

BTC $NFLX 315/325 #BeCS @0.10. Was STO 10/7 @1.05. Only partial fill so far.
Holding, though expecting to expire $NFLX 10/18/2019 225/235 #BuPS which was STO 10/3 @ 1.56.

TSLA

STO $TSLA 300/310 Nov 15 2019 #BeCS @1.21

NUGT, UVXY, SPLK and SPX 1-DTE

BTC UVXY 10/18/2019 35/45 Nov 15 2019 #BeCS @0.4. Was STO 10/2 @1.65.

BTC SPLK 10/18/2019 105/115 #BuPS @0.35. This had been rolled from the Sept earnings trade. ~$1.20/share gain (though I don’t have my tracking spreadsheet in front of me at the moment)

BTC NUGT 10/18/2019 20/29.5 #BuPS @1.95. Basically break-even, but this was the second round on a double-dip.

Wanted to take some risk off today. Been thinking over Friday’s SPX 1-DTE trade a bunch over the weekend. Short version, my stops triggered, as Jeff’s did, but I didn’t get fills. I canceled the BTC order, and then spent the day sweating it out, hoping for a pullback to get out of the position, which didn’t happen until the last 15 minutes of the trading day. My position expired valueless over the weekend, but being frank, could just as easily have been a big loss, if SPX had swung ~15 up instead of ~15 down. Pretty much dumb luck, not smart trading. Really don’t know what I was thinking, if I was thinking at all, when I canceled the BTC order. Hope and Luck aren’t smart trading. I’m also going to put a pause on the SPX 1-DTE trades for a while.

STZ

BTC $STZ Oct 18 2019 220/230 #BeCS @0.05. Was STO @1.25 9/23 as part of a condor before #earnings.
Still holding $STZ Oct 18 2019 180/190 #BuPS.

TSLA

BTC $TSLA Oct 18 2019 255/265 #BeCS @0.40 – originally STO 8/22 as a Sept 20 250/260 #BeCS @1.12, rolled to Oct 18 255/265 on 9/12 @0.28.

ADBE

BTC $ADBE Oct 18 2019 300/310 #BeCS @0.07. Was STO 9/23 @0.50.

SPX / AMD / UVXY

STO UVXY 35/45 Nov 15 2019 #BeCS @1.65

SPX 1-dte 2870/2890 put spread stopped @4.05 when spx dropped below 2900. Condors sold yesterday @1.10. Holding Call side.

Rolled AMD Oct 18 2019 34 // Nov 15 2019 #shortputs @0.45

NUGT

Rolled $NUGT 9/27 35/40 #BeCS // 10/4, same strikes @0.15 credit.

Options Expiration

#optionsexpiration

$ADBE 9/20 292.5/302.5 #BeCS – STO 9/11 @1.31 as part of a #IronCondor.
$TSLA 9/20 220/230 #BuPS – STO 9/12 @0.74
$SPX 9/20 2950/2965/3040/3055 #IC STO 9/19 @0.80.

NUGT

STO $NUGT 35/40 9/27/2019 #BeCS @.85

TSLA

BTC $TSLA 9/201/2019 190/200 #BuPS @0.05. Was STO 8/12/2019 @1.51.
Holding $TSLA 9/20/2019 250/260 #BeCS and looking for an exit.

SPX

BTC $SPX 2940/2950 8/30 #BeCS @.90. Basis was $2.00 after a couple of rolls. Glad to have the buying power back.

BYND

BTC 205/215 Aug 16 2019 #BeCS @2.75. Originally STO as Jul 26 195/205 @1.25 credit, Rolled to the Aug 19 @2.05 debit, so I’m down 3.55 overall, but wanted out.

Holding a 155/165 Aug 16 2019 #BuPS STO yesterday for @2.07.

BYND barely budging

They lost .24 per share, vs. .08 loss expected.

#becs, #bups

LYFT Call HIIQ BECS Closed Early

#coveredcalls
$LYFT BTC 7/19 67.5 call at .10. STO at 2.05 on 6/18. Will recover as the stock recovers – it does have LYFT as a name.

#becs
$HIIQ BTC 7/19 34/37 BECS for .10. STO at .63. Thank you @ramie77

BYND

BTC 180/190 6/21/2019 #BeCS @1.5 for a loss of .45. Was STO 6/14. Too much crazy.

Still holding 110/120 6/21/2019 #BuPS

TSLA AVGO

BTC $TSLA 6/14 195/205 #BuPS @0.12 Was STO 6/11 @1.35 to offset the loss from a 215/225 #BeCS that started as a 6/19 and got rolled to 7/19 @ -1.09.

BTC $AVGO 305/315 6/19 #BeCS @0.06. Added this to my previously noted 240/250 6/19 #BuPS late yesterday pm @.68. Considered, and now wish I’d done the 300/310 #BeCS instead. #BuPS side is bouncing about break even, at the moment, but is still 7 DTE.

$SPX DTE

Close but no cigar / Last minute heart break. SPX just popped up over 2826 with less than 10mins in the day.

BTC June 5 2825 / 2840 $SPX #BeCS @2.00 – was the call side of an IC opened yesterday for 1.3. I’ll let the 2725/2740 puts expire.

Trades: SPX ADBE NVDA TSLA

BTC $SPX 2750/2760/2860/2870 #IC for .15. Was STO on 5/23 for 1.25. Could have waited a bit longer, or likely just let it expire, but… short trading day.

STO $ADBE 6/7 255/265 #BuPS @1.65

STO $NVDA 6/21 125/135 #BuPS @1.5

Waiting on a $TSLA 5/24 210/220 #BeCS to expire today.

Close TSLA BECS Early

#becs
$TSLA BTC 3/15 335/325 BECS at .60. STO 2/8 at 3.00.

5/25 Tying up the week!

NFLX: The market makers got $.05 on the close. A couple week’s worth of #PieTrades brought in over $1500. Reset with #CoveredBackRatio “Cobras”. Dec 305c x 3/Dec 350 c x-2 ($125.15) Plus June 1 357.5 call @4.01. For 100 delta/100 shares of stock replacement.
Stock cost basis is $342.65. Net risk right now $12K.

TQQQ: Added another tranche Sep 50c x 6/Sep 56call -4 for 200 share stock replacement, Jun 8 58 call @.60. Stock Cost Basis: $55.30, Net risk: $3400

CVX: Rolled down calls from June 1 130 to June 8 127, added an additional #BeCS. Pocketed $174 on the roll, but struggling to keep up with underlying decline. New basis = $125.11

IBM and CRM are still left to manage: IBM I will allow May 25 to expire and open June 1 $144 call closer to the close. CRM has earnings next week. I was hoping the stock would be called, but I will roll to ITM calls for next week.

BABA: Added another tranche. Oct 175c +4, Oct 195 call -2, Jun1 202.5 call -2

Everyone have a SAFE weekend!!! Don’t get too sunburned! Military folks THANK YOU A MILLION TIMES for your service. I heart you!

Opening trades:

:
SPX: #rocketmanhedge thank you @fuzzballl Feb +2635 put, -2635c, +2640c for 40.15 net, -Dec 2605p for $5.40, Basis = 34.62.
COT: Last month there was a day with 4 large block trades totaling over 4 million in shares. It sparked a lot of call activity. I’ve been waiting for closer to 13f releases for Dec to see if call activity picks up again, it sure did today, so I have a little spec play on for COT for next week. 17.5 calls for .34
MAR: #JadeLizard for next week Dec -126p/-130c/+132 c for 1.21 net cr, 50% target
TJX: Added #BECS to #BUPS to convert to iron fly for defense

Closing Trades:
BA #Bitty Closed at 50% target, sold at .50, bought at .25
TTWO #BUCS Bought 2.65 sold 3.10 net .45/contract
FB #shortputs covered for 50% Sold at 1.10, covered at .55
NVDA #JadeLizard from last week is beginning to cover for 50% Sold 185/205/207.5 for 3.62, cover order is partially filled at 1.62

#becs Closed on downtrend this…

#becs
Closed on downtrend this morning
$NFLX 150/140 1/20 BECS @ 1.40 Sold for 1.20 on 12/13
Still holding $NFLX 2/17 115 calls (long) and $NFLX 1/20 110/120 BUPS (plan to let it expire tomorrow.)

#becs FB Sold Jan. 20…

#becs FB

Sold Jan. 20 127/132 for .63

VXX starter

Starting small in an #IRA with #BeCS :

Sold VXX MAR 17 2017 30.0/40.0 Bear call spreads @ 1.20

#shortputs $LVS 12/23 55 put…

#shortputs
$LVS 12/23 55 put @ .60
$SVXY 1/13/2017 60 put @ .75
#BECS
$NFLX 1/20/2017 150/140 BECS @ 1.20
#spxcampaign
$SPX 1/13/2017 2365/2340 BECS @ 1.40

Is the snow blowing in a different direction? (Not a poll question :-})