Wednesday Trades

#Earnings #Rolling Sold $TSLA Aug 24th 332.5/340 strangles for 18.60.

#CoveredCallCampaign Stopped $FB Aug 31st 180 puts for 3.40. Sold Sep 7th 172.5/187.5 #StrangleRoll for 3.07.

#ContangoETFs Stopped $GUSH Dec 32 put for 6.20. Sold for 5.05 in a strangle-roll months ago.
#StrangleRoll: Sold GUSH Dec 21/45 strangles x2 for 3.87.
Also, closed GUSH Sep 62 call for .10. Sold for 1.60.

#PieTrades BTC $OLED Aug 17th 120 call for .20. Sold for 2.00 on Friday.
BTC $MU Aug 24th 53 call for .10. Sold for .85 on Monday.


Catching up on posting from the last 7 days…

TODAY (Monday)
Sold $AAPL Aug 24th 202.5 #CoveredCalls for 7.00. This replaces the Aug 17th 202.5 calls I closed last week for 7.40, to avoid being called away on the ex-div date. I’m rolling ITM calls after earnings trade got breached.
Sold $SQ Aug 24th 76 call for 1.25, and Aug 31st 76 calls for 1.23

Sold $PYPL Aug 31st 90 calls for 1.10. A roll-up from Aug 24th 87.5 calls stopped last week.

Sold $MU Aug 24th 53 covered call for .85. #PieTrades

#Rolling #StrangleRoll $TSLA Aug 17th 332.5 calls to Aug 17th 332.5/335 strangles for .65 credit. Will roll soon to avoid early assignment.

#Earnings Bought $YELP Aug 10th 38.5 #LongStraddles for 4.94. Sold the calls next day for 9.95. This trade usually works on YELP.

Stopped $FB Aug 24th 187.5 covered calls for 3.85. Rolled to Aug 31st 180/195 strangles for 3.83. Looks like I got stopped at the top. #CoveredCallCampaign.

#PieTrades Rolled $AMAT Aug 10th 46.5 covered call to Aug 17th 46.5 for .30 credit.

#VXXGame Closed $VXX Sep 21st 50 call for .46. Sold for 5.65 on April 17th.

BABA put

#CoveredCallCampaign Earlier, closed on GTC order: $BABA July 20th 180 put for .29. Sold for 2.88 on June 26th as part of a #StrangleRoll. Looks like the 202.5 call side will probably close on its GTC order in a couple days.

BABA roll

#CoveredCallCampaign Yesterday, Closed $BABA July 6th 190 put for 4.50. Sold for 1.20.
#StrangleRoll Sold July 20th 180 put for 2.88, and July 20th 202.5 call for 2.05.

SQ and TQQQ rolls

#LEAPs #CoveredCallCampaign I had call strikes breached on both of these today.

Closed $TQQQ June 29th 62.5 calls for 2.15. Sold for 1.20 last Wednesday.
Sold TQQQ July 6th 59 puts for 1.25 as a partial #StrangleRoll. I will sell call side at new highs.

Stopped $SQ June 29th 63.5 call for 2.23. Sold for 1.60 last Wednesday.
Stopped $SQ July 6th 63.5 call for 2.39. Sold for 1.77 on June 5th.
Stopped $SQ July 6th 63 call for 2.49. Sold for 1.40 last month.

Sold SQ July 13th 60 puts for 1.34 and 1.40, part of a #StrangleRoll. Will sell calls at new highs.

#LEAPs QQQ Question if anyone…

#LEAPs QQQ Question if anyone wants to opine. I bought 1 QQQ Jan 2020 161 Call @ 19.50. I gave up trying to sell calls against it because of the recent uptrend. I kept having to buy them back, adding to my basis which is now about where I started. I have a nice profit in the call and am wondering where to go from here. I see four options. Try to sell another call against it. Close the position and TTMAR. Roll the call up to say the 165 strike. Or do nothing. If I were to sell a call would it be better to go further out or continue the weeklies trying to whittle away the original basis. Thanks in advance for all your opinions and support.

#strangleroll, #syntheticcoveredcall

BABA roll

#CoveredCallCampaign #CoveredCalls
Closed $BABA June 8th 207.5 covered call for 2.65. Sold in strangle-roll for 5.28 on May 10th.
#StrangleRoll Sold BABA July 6th 190/220 strangle for 3.37.

Pie, CC, & Leap trades

#PieTrade BTC $AMAT June 1st 51.5 call for .12. Sold for .75 on Tuesday.
Sold June 8th 52.5 call for .55.

#CoveredCallCampaign #coveredcalls
BTC $BABA June 8th 190 put for .25. Sold in a #StrangleRoll for 5.28 on May 10th.
Sold $FB June 29th 200 call for 1.90.

#LEAPs #SyntheticCoveredCall
BTC $TQQQ June 8th 52.5 puts for .20. Sold in a #StrangleRoll on May 14th for 2.10 (effective price)

Gush dump

#ContangoETFs Closed $GUSH Dec 46 call for 9.90. Sold on Apr 4th for 4.00.
Order filled on the way down, and then it dropped a lot more. Using a #StrangleRoll on this… it’s quite doubtful that both of these strikes will expire, but I’ll take the premium now and deal with any breaches later.
Sold GUSH Dec 32/57 strangle for 10.55.

TQQQ trades

#LongLEAPs #SyntheticCoveredCalls
Closed $TQQQ June 1st 140 put for .35. Sold in 140/170 #StrangleRoll for 5.00 on May 9th.