Expiration Part 2

#coveredcalls
$PFE 41 calls
$RAD 16.5 calls
APT 20 calls
$MRVL 40 calls

SPCE

#CoveredCalls – Stock should be assigned around a 19.75 basis so getting an early start on covered calls. Planning on closing the long side of the put spreads a little later and letting the shorts get assigned so lower the better rest of the day.

Sold SPCE AUG 14 2020 17.5 Calls @ 1.58

WYNN

#CoveredCalls – Stock never got as weak as I was hoping so letting stock get called away slightly below my basis. Replacing with a short put for recovery.

WYNN Stock called away @ 65.0 (basis 68.95)
Sold WYNN AUG 14 2020 71.5 Put @ 1.05

UVXY

#CoveredCalls – I’ve got a few shares of stock I’ve been covering to keep my basis somewhat near the stock drop. Instead of selling more aggressive strikes I’ve been going out further and overlapping the sales. Once I can safely get a stop on a batch I sell the next ones. This week looks safe so…

Earlier this week:

Sold UVXY AUG 14 2020 25.0 Calls @ 1.50

And today:

Sold UVXY AUG 21 2020 25.0 Calls @ 1.42

CODX Puts / OLLI Calls

#shortputs
$CODX STO 8/7 27 put at 1.50

#coveredcalls
$OLLI STO 8/21 110 call at 1.80

ROKU NVAX Calls Rolled

#coveredcalls
$SQ BTC 8/7 131 call and STO 8/14 138 call at 1.65 debit. Earnings tomorrow so I have an earnings play. Stock at 135.86.
$NVAX BTC 8/7 145 calls and STO 8/7 155 calls at debit of 4.60. Stock at 154.95.

UVXY

#ShortPuts #CoveredCalls – Bringing in some nice cash while continuing to stay aggressive every week…

Covered:
Bought to Close UVXY JUL 31 2020 25.5 Calls @ .17 (sold for 4.90)
Sold UVXY AUG 7 2020 26.0 Calls @ 1.45

In a different account:
Rolled UVXY JUL 31 2020 26.0 Puts to UVXY AUG 7 2020 24.0 Puts @ .24 credit (1.26 total now)

NTAP SLB WYNN

#CoveredCalls – Rolled some sold some. I won’t bore you with the details. Still plugging along. WYNN earnings next week.

SLB

#CoveredCalls – After quite a few credit rolls finally out of this one. Still some work to do in it though…

Bought to Close SLB JUL 31 2020 19.5 Calls @ .01 (sold for 1.65)

RAD SQ Calls Rolled

#coveredcalls

$RAD BTC 7/31 15.50 call and STO 8/7 16.50 call at even
$SQ BTC 7/31 129 call and STO 8/7 131 call at $3.00 added credit

KHC Strangle / NVAX Roll Call / NVDA Put Closed

#shortstrangles
$KHC STO 7/31 34/37 strangle at .86 Thank you @honkhonk81

#coveredcalls
$NVAX BTC 7/31 145 call and STO 8/7 145 call at added $14 credit. Stock at 146

#shortputs
$NVDA BTC 8/7 350 put at .30. STO on 7/6 at 4.40. Thank you @fuzzballl

WYNN

#CoveredCalls – Staying bearish and rolling down. Cutting long deltas about in half. Earnings next week (maybe)

Rolled WYNN JUL 31 2020 70.0 Call to JUL 31 2020 65.0 Call @ 3.55 credit (7.35 total now)

NTAP UVXY WYNN

#ShortPuts #CoveredCalls – A few today…

NTAP: Old earnings trade still plugging away with covered calls. Next earnings still a few weeks away.
Bought to Close NTAP JUL 24 2020 45.0 Calls @ .04 (sold for .71)
Sold NTAP JUL 31 2020 45.0 Calls @ .48

UVXY: Good day in this one. Rolling covered calls and replacing short puts expiring today.
Rolled UVXY JUL 24 2020 27.0 Calls to JUL 31 2020 27.5 Calls @ 1.15 credit (4.55 total now)
Sold UVXY JUL 31 2020 26.0 Puts @ 1.02

WYNN: Glad I went 10 dollars in the money with the covered call last week.
Bought to Close WYNN JUL 24 2020 70.0 Call @ 2.22 (sold for 13.35)
Sold WYNN JUL 31 2020 70.0 Call @ 3.80

PFE Calls

#coveredcalls
$PFE STO 7/24 38.50 calls at .27

APT Calls / NUGT Calls Rolled / NFLX Put Closed

#coveredcalls
$APT STO 7/24 23 calls at .55
$NUGT BTC 8/21 90 calls and STO 8/21 95 calls for $3 debit. Stock at 98.12
$AAOI STO 7/24 14.50 calls at .40

#shortputs #earnings
$NFLX BTC 7/24 450 put at .40. STO at 4.94. Thank you @fuzzballl for trade and the caution.

#coveredcalls CGC Bought 100 shares…

#coveredcalls CGC

Bought 100 shares @17.73, sold July 31, 18 call for .52. 17.21 debit

MRNA NVAX Call Roll / TQQQ Close Put

#coveredcalls
$MRNA BTC 7/17 90 call and STO 7/24 95 call at extra 2.50 credit. Stock at 94.85 at days end. Will try to roll again.
$NVAX BTC 7/24 120 call and STO 7/31 130 call at debit of .25. Stock jumped to 140.49 during the day. Rolling again on Monday perhaps.

#shortputs
$TQQQ BTC 7/31 50 put at .10. Thank you @jsd501 AKA the King of QQQ’s. 😉

EWZ NFLX NTAP OLED ROKU SLB VXX WYNN

#ShortPuts #CoveredCalls

EWZ: It keeps paying.
Bought to Close EWZ JUL 24 2020 27.5 Puts @ .05 (sold for .72)

NFLX: Still holding next week’s 450 short put.
Sold NFLX AUG 21 2020 400.0/600.0 Strangle @ 8.55

NTAP: Covered calls.
Bought to Close NTAP JUL 17 2020 45.0 Calls @ .02 (sold for .80)
Sold NTAP JUL 24 2020 45.0 Calls @ .71

OLED: Closed for tiny profit. Replaced with NFLX strangle.
Bought to Close OLED JUL 31 2020 145.0 Put @ 2.65 (sold for 2.90)

ROKU: Another one gone early.
Bought to Close ROKU JUL 24 2020 115.0 Put @ .06 (sold for 2.07)

SLB: Covered call roll with earnings next week.
Rolled SLB JUL 17 2020 18.5 Calls to JUL 24 2020 19.0 Calls @ .25 credit (1.65 total now)

VXX: Booked it earlier in the day.
Bought to Close VXX JUL 17 2020 31.5 Puts @ .37 (sold for .72)

WYNN: Stock will be assigned at about 88.05. Wanted to get it covered quickly. In an IRA so have to spread the call sale for now. Going DITM for max downside protection. Vegas could close again. Basis 74.90 after this sale with 2 weeks still to go to earnings.
Sold WYNN JUL 24 2020 70.0/100 Bear Call Spread @ 13.15

WORK

BTC $WORK Jul-24-2020 32.5 #CoveredCalls @1.15 Debit. Was STO 07-08-2020 @1.85
Underlying up slightly this morning.

MS NVAX Calls Rolled

#coveredcalls
$MS BTC 7/17 52.50 call and STO 7/24 54 calls at additional .11 credit
$NVTA BTC 7/17 112 call and STO 7/24 120 calls at additional 3.68 credit

MRVL Call Roll

#coveredcalls
$MRVL BTC 7/17 40 call and STO 8/7 40 call at .58 extra credit

CRWD SQ Put Rolled / MS Call

#shortputs
$CRWD BTC 7/17 104 put and STO 7/24 102 put at added 3.42 credit
$SQ BTC 7/17 125 put and STO 7/24 124 put at added 1.80 credit

#coveredcalls
$MS STO 7/17 52.50 call at .64

#shortputs #closing DKNG June 25…

#shortputs #closing DKNG #putratiospread LUV #coveredcalls CCL

DKNG June 25 sold a July 17, 30 put for 1.23, bought today for .35
LUV sold Aug. 17, 30/30/32.50 put ratio spread for .26
#tastytradefollow
CCL bought 100 shares @ 16.88, sold July 17, 16.50 call for .88

MRNA Call and Put / T Put Closed / NEO Put Rolled / PFE Call and Put

#coveredcalls
$MRNA STO 7/17 90 call at 2.08
$PFE STO 7/17 36 call at .24
$PFE STO 7/24 36.5 call at .36

#shortputs
$T BTC 7/17 29 put at .05. STO at .50
$NEO BTC 7/17 35 put and STO 8/21 35 put at added 1.85 credit. 7/17 was sold for 1.95. Total credit now 3.80
$MRNA STO 7/17 75 put at 1.05
$PFE STO 7/24 34.5 put at .25

NVAX Call

#coveredcalls
$NVAX STO 7/17 112 call at 2.80

AAL

STO $AAL Aug-21-2020 14 #CoveredCalls @0.92. Basis now 11.96. Stock @11.62.

Expirations

OX $SLB 19 #CoveredCallS. Replaced yesterday with $18.5 @0.25 for next week.
OX $SPX 3065/3075/3215/3225 #IronCondor. Sold yesterday @0.75. (thanks Jeff)

RAD Roll

#coveredcalls
$RAD BTC 18.50 call and STO 7/24 19 call at added .05 credit.

LABU Put / NEO Call Roll / PFE Strangle

#shortputs
$LABU STO 7/24 51.5 put at 1.60
#coveredcalls
$NEO BTC 7/17/35 call and STO 8/21 40 call at .40 debit. Stock at 35.49
#shortstrangles
$PFE STO 7/10 34/34.5 strangle at .61

HAL Put NUGT Call Rolled

#shortputs
$HAL BTC 7/17 15 put and STO 7/24 15 put at .13 added credit

#coveredcalls
$NUGT BTC 7/17 80 call and STO 7/31 82 call at 1.40 added credit

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.

Rolling PFE Call

#coveredcalls
$PFE BTC 7/2 32.50 call and STO 7/17 35 call at added .75 credit and 2.50 in price if called away. Vaccine.

NTAP

#CoveredCalls – An old earnings trade that’s been a pain for a long time. Getting closer to being out…

Bought to Close NTAP JUL 2 2020 45.0 Calls @ .05 (sold for 1.10)
Sold NTAP JUL 17 2020 45.0 Calls @ .80

OSTK

Rolled OSTK Jul-17-2020 $27.5 #CoveredCalls // Aug-21-2020 $30’s for $1 Credit and 2.50 better strike. Basis $17.93.

SQ Call

#coveredcalls
$SQ STO 7/2 106 call at $1.00

#coveredcalls CODX Bought 100 shares…

#coveredcalls CODX

Bought 100 shares @17.35, sold a July 2, 17 call for 1.10, debit of 16.25

Expirations

Just two this week:

OX – $LULU Jun-26-2020 265/275 #BuPS – as STO @1.65.
OX – $AAL Jun-26-2020 $19 #CoveredCalls – was STO @0.44.

Happy weekend all!

SPY

6/26/20….Purchased SPY stock at 301.00…..STO 8/7/20 305 Call at 10.25…..BTO 7/17/20 280 Put at 3.10…
#coveredcalls #suecollar

STMP TNA UVXY

#ShortPuts #CoveredCalls – A few today…

STMP: Doing this as a live demo for a buddy who’s learning option trading. He picked the stock and strike then I adjusted down a little for extra safety. Two weeks before earnings on this one.
Sold STMP JUL 17 2020 150.0 Put @ 3.53

TNA: Rolling out and down.
Rolled TNA JUN 26 2020 28.5 Puts to JUL 02 2020 27.5 Puts @ even (1.70 total credit so far)

UVXY: This week’s short puts look good. Covered calls DITM so wouldn’t mind a pullback here. Come and get these Mr. Market.
Sold UVXY JUL 10 2020 30.0 Puts @ 2.28

#shortputs DKNG Sold July 17,…

#shortputs DKNG #coveredcalls

DKNG Sold July 17, 30 put for 1.23.
#tastytradefollow

KSS bought 100 shares @ 19.77, sold July 2, 19 call for 1.42, debit of 18.35

NVTA Covered Call / BYND BUPS / SQ Strangle

#coveredcalls
$NVTA STO 7/17 30 call at 1.50

#bups
$BYND STO 7/17 145/155 BUPS at 3.98

#shortstrangles
$SQ STO 6/26 107 call and 99 put at 2.65. Call is covered.

#shortputs UAL #coveredcalls MRO UAL…

#shortputs UAL #coveredcalls MRO

UAL Sold July 17, 29 put for 1.16
MRO Bought 100 shares @6.26, sold July 17, 7 call for .30, debit of 5.96.

AVGO + Expirations

STO $AVGO 280/290 Jun-26-2020 #BuPS @1.25 (Ex-Divy today)

Expiring:
OX $SPXL Jun-19-2020 45 #CoveredCalls – was STO @0.88. Stock closed at 42.13.

Assigned:
OA $OXY Jun-19-2020 $14.5 #CoveredCall – Stock is at ~19.70. Bought the shares at 15.32 in April, rolled calls a few times so my basis is 12.88- looked for a roll and couldn’t find a good one so letting it go – Of course, would have done better if I’d just held the stock and not sold the calls on it.

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

#coveredcalls X Bought 100 shares…

#coveredcalls X

Bought 100 shares @8.20. sold July 2, 8.50 call for .48, debit of 7.72.

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

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.

#spyladder

SDGR Put / ROKU Calls

#shortputs
$SDGR STO 6/19 65 put at 1.40

#coveredcalls
$ROKU STO 6/26 116 calls at 3.48

#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.

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

SLB SPY TQQQ

#ShortPuts #CoveredCalls – Finally getting caught up…

SLB: Covered
Bought to Close SLB JUN 12 2020 23.0 Calls @ .01 (sold for .37)
Sold SLB JUN 19 2020 20.5 Calls @ .40

SPY:
Sold SPY JUL 17 2020 280.0 Put @ 3.35

TQQQ: Starter positions
Sold TQQQ JUN 26 2020 72.5 Put @ 2.55
Sold TQQQ JUL 02 2020 70.0 Put @ 2.95

#coveredcalls M Bought to close…

#coveredcalls M
Bought to close July 12, 9.50 covered call for .01, sold July 2, 9 call for .31.

WORK

Rolled $WORK Jun 12 34 #CoveredCalls // Jun-19-2020 32 @0.65 Credit. Basis now $27.22.

OSTK

Rolled $OSTK Jun-12-2020 23.5 #coveredcalls // Jun-26-2020 @0.05 Credit for a better strike.

#coveredcalls M Sold 100 shares…

#coveredcalls M

Sold 100 shares @ 9.01, sold June 12, 9.50 call for a debit of 8.70

NUGT ROKU UVXY VXX Calls / HAL Close Puts / HAL WORK Puts / MSFT BUPS

#coveredcalls
$NUGT STO 6/12 65 calls at 1.70
$ROKU STO 6/12 114 calls at 2.20 and 6/12 112 calls at 1.30. Latter was opened pre golf pre market.
$UVXY STO 6/12 30 calls at 1.00 Shares were assigned to me this morning.
$VXX STO 6/12 32.5 calls at .27. Thank you @iceman

#shortputs
$HAL BTC 6/19 10 put at .02
$HAL STO 7/17 15 put at .88
$WORK STO 7/17 30 put at 2.05

#bups
$MSFT STO 7/10 167.5/177.5 BUPS at 1.36
$MSFT STO 6/19 165/175 BUPS at 1.10. Meant to close the position that was opened 5/6. Will close both tomorrow. Don’t trade after a morning of golf in the sun.

Assigned on 14 PTON CC’s, 36 New CC’s Jun 12 $45

https://coveredcallswithjeff.wordpress.com/2020/06/08/assigned-on-14-pton-covered-calls-49-days-profit-8492-15-or-119-annualized/

#coveredcalls

SLB

#CoveredCalls – Finally able to sell a few of these closer to my basis…

Sold SLB JUN 12 2020 23.0 Calls @ .37

#assignment #coveredcalls SDC April 30…

#assignment #coveredcalls SDC

April 30 bought a May 15, 8.50 covered call for 7.14, shares at 7.79, call for .65, expired, sold June 5 call for .41.

OSTK

Rolled Jun-05-2020 22.5 #CoveredCalls // Jun-12-2020 23.5 @.25 Credit + $1 better strike

SLB

Rolled SLB Jun-05-2020 18 #CoveredCalls // Jun-12-2020 18.5 @0.25 debit, for 50c higher Strike.

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

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

WORK

Rolled $WORK Jun-05-2020 33.50 #CoveredCalls // Jun-12-2020 #CoveredCalls @0.05 Debit. Still ITM, but $0.50 better strike.

#coveredcalls WFC Sold June 5,…

#coveredcalls WFC

Sold June 5, 27 call for .59

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.

#coveredcalls

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

#coveredcalls WFC Sold May 29,…

#coveredcalls WFC
Sold May 29, 28 call for 22, cost basis is 27.

SPY

#CoveredCalls – Not much today. Just sitting and enjoying the rally (EWZ especially!). For risk reduction letting some stock go…

SPY stock called away @ 295.0 (basis 291.90)

Assigned these on a 300 put that I sold at the beginning of the implosion. Happy to be out of it…

ROKU CODX NVTA Roll Call / AMD ROKU Call / DDOG Put / Roll SDGR Call

#coveredcalls
$ROKU BTC 5/29 121 call and STO 5/29 114 call at 2.68 added credit
$CODX BTC 6/17 19 call and STO 7/17 22 call at .20 added credit
$NVTA BTC 6/17 17.5 call and STO 7/17 20 call at .30 debit.
$AMD STO 5/29 57 call at .65
$ROKU STO 5/29 112 call at 2.23

#shortputs
$DDOG STO 6/19 65 put at 1.70

#shortcalls
$SDGR BTC 6/19 70 call and STO 7/17 80 call at added cost of .80

NVDA SPY TNA

#CoveredCalls #BullPutSpreads #Earnings

NVDA: Earnings down to the wire but went out worthless
MAY 22 2020 360.0/355.0 Bull Put Spread @ 2.65 (expired)

SPY: Down to the wire but had to roll (covered)
Rolled SPY MAY 22 2020 295.0 Call to MAY 27 2020 295.0 Call @ 2.20 credit (4.65 total now)

TNA: Rolled out a week and up a little (covered)
Rolled TNA MAY 22 2020 20.0 Calls to MAY 29 2020 20.5 Calls @ .12 credit

Expirations

OX $OSTK May-22-2020 21 #CoveredCalls – STO 5/11 @.45.
OX $OXY May-22-2020 16 #CoveredCalls – STO 5/8 @0.44.
OX $PTON May-22-2020 43 #ShortPuts – STO 5/18 @0.70.
OX $LULU May 22-2020 215/225 #BuPS – STO as part of a roll last week, total 1.86 premium.

WORK CC Rollout

Rolled $WORK May-22-2020 31.50 #CoveredCalls // May 29 2020 33.00 @0.20 Credit +better strike.

Second roll on this one, originally purchased 5/13 when the stock was $30.25. My basis is now $29.02.

Takin’ what they’re giving, $WORK’n for a livin’ (Not Slack’n)