ARKK NVDA SPY XBI

#ShortPuts #CoveredCalls – A few today.

ARKK: Covered.
Sold ARKK MAY 6 2022 59.0 Calls @ 1.05

NVDA: Selling against a short put.
Sold NVDA MAY 6 2022 220.0 Call @ 2.10 (225/220 inverted @ 8.10 now)

NVDA: Covered.
Sold NVDA MAY 6 2022 210.0 Call @ 4.50

SPY: Adding.
Sold SPY MAY 27 2022 390.0 Put @ 4.50

XBI: Was short a #TakeOneForTheTeam 115/95 BuPS @ 14.80. Sold the long side today hoping we’re near the bottom in this one. Might buy it again on a decent bounce.
Sold XBI MAY 20 2022 95.0 Put @ 15.50 (bought for 4.35)

SOXL TQQQ

#ShortPuts – Taking anything at 60 percent of max or better on the nice bounce.

Bought to Close SOXL MAR 25 2022 35.0 Put @ .21 (sold for 2.40)
Bought to Close SOXL APR 1 2022 35.0 Puts @ .81 (sold for 2.95 avg)
Bought to Close SOXL APR 8 2022 30.0 Put @ .51 (sold for 3.00)
Bought to Close SOXL APR 14 2022 30.0 Put @ .73 (sold for 3.30)
Bought to Close SOXL APR 22 2022 30.0 Put @ 1.00 (sold for 3.20)

Bought to Close TQQQ MAR 25 2022 50.0 Put @ .37 (sold for 2.70)
Bought to Close TQQQ APR 8 2022 45.0 Put @ .83 (sold for 3.60)
Bought to Close TQQQ APR 14 2022 40.0 Put @ .58 (sold for 3.00)

And let’s try to stir things up a little: #TakeOneForTheTeam

Sold SOXL MAR 25 2022 41.0 Put @ 1.71
Sold SOXL APR 1 2022 40.0 Put @ 2.35

Sold TQQQ MAR 25 2022 56.0 Put @ 1.80
Sold TQQQ APR 1 2022 55.0 Put @ 2.45

KWEB SOXL TSLA

#ShortPuts #JadeLizards – A liitle bit of everything.

KWEB: Covered rolling.
Rolled KWEB JAN 7 2022 32.42 Call to JAN 21 2022 32.42 Call @ .25 credit

SOXL: Filling out the ladder more aggressively. Double dip on some of these. #TakeOneForTheTeam possibility?
Sold SOXL JAN 28 2022 60.0 Put @ 3.80
Sold SOXL FEB 11 2022 55.0 Put @ 3.50
Sold SOXL FEB 25 2022 55.0 Puts @ 4.75 and 5.25

TSLA: Taking a shot on a little more downside…week before earnings.
Sold TSLA JAN 21 2022 860/1050/1060 Jade Lizard @ 10.10

EWZ LABU SOXL TQQQ

#ShortPuts – Not much of a dip but getting some new ones going.

EWZ: Adding.
Sold EWZ DEC 17 2021 27.0 Put @ 1.25

LABU: Closing and opening.
Bought to Close LABU NOV 5 2021 47.0 Puts @ .30 (sold for 1.15)
Bought to Close LABU NOV 5 2021 48.0 Puts @ .40 (sold for 1.49)

Sold LABU NOV 12 2021 50.0 Put @ 1.60
Sold LABU NOV 12 2021 51.0 Put @ 2.05
Sold LABU NOV 19 2021 48.5 Put @ 2.00
Sold LABU NOV 19 2021 49.0 Put @ 2.10

SOXL: Got one fill before it bounced.
Sold SOXL DEC 10 2021 41.0 Put @ 2.05

TQQQ: Almost qualifies for #TakeOneForTheTeam
Sold TQQQ NOV 26 2021 127.5 Put @ 2.60
Sold TQQQ DEC 3 2021 125.0 Put @ 2.90

TQQQ

#TakeOneForTheTeam – I think it’s time. This might stir things up again.

Sold TQQQ OCT 22 2021 140.0/135.0 Bull Put Spreads @ 2.95

TQQQ

#ShortPuts #TakeOneForTheTeam – So long Mr. 135…you did your job well.

Bought to Close TQQQ SEP 24 2021 135.0 Put @ 1.99 (sold for 2.17)

TQQQ

#ShortPuts #TakeOneForTheTeam – I’m bored. Selling at the 50 day and the expected move. Come on Mr. Market it’s all yours!

Sold TQQQ SEP 24 2021 135.0 Put @ 2.17

TQQQ

#ShortPuts – Fairly aggressive add here. Possibly a #TakeOneForTheTeam 🙂 🙂

Sold TQQQ JUL 30 2021 115.0 Put @ 3.10

LABU Put Close / TQQQ Put

#shortputs
$LABU BTC 7/2 72 put at .30. STO at 1.75. Thank you @fuzzballl
$TQQQ STO 7/30 105 put at 2.33. Joining the #TakeOneForTheTeam. Thanks @fuzzballl

TQQQ

#ShortPuts #TakeOneForTheTeam – At the expected move and the 50 day. Let’s see if we can get something going here.

Sold TQQQ JUL 30 2021 105.0 Put @ 2.25

/ES TSLA

#ShortStrangles #Futures #Hedges – Catching up on some losers although I look at my ES hedge as being a #TakeOneForTheTeam 🙂 🙂 .

/ES: Stopped out on the big run. Best money I ever spent!
Sold /ES APR 21 (Wk3) 3460/3060 Put Spread @ 16.75 (bought for 34.00 and these are $50 per point)

TSLA: After chasing this around with a bunch of rolls bailing on it. Not worth the hassle.
Bought to Close TSLA MAR 19 2021 560.0/770.0 Strangle @ 18.50 (sold for 16.85)

SOXL

#ShortPuts – Jumping back in at a pretty aggressive strike just inside the expected move and at the 50ma. Maybe #TakeOneForTheTeam .

Sold SOXL FEB 19 2021 495.0 Put @ 13.00

SPY

Hi folks. I’m new to the bistro, but I’ve been tinkering with options trading for awhile, and I finally decided to start posting some of my trades in case anyone is interested.

This one is a bearish put butterfly that makes money if SPY pulls back. It also would have been profitable if SPY had gone nowhere after I put it on, but the market has been slowly climbing and now it’s nearing its upper expiration breakeven strike. If I were putting this on today I would use higher strikes, so that the trade would be reasonably profitable even if SPY expired right where it is now.

Currently, the position is showing a loss of $89. If SPY continues on up to the point where my loss reaches $250, I will add another butterfly at higher strikes to widen the tent. I will also try to avoid dealing with expiration week gamma by planning to close the week before if I can get any kind of decent profit.

Edit: Thanks to Hawk’s questions, I changed the plan for adjusting if SPY continues up. See the comments below.

Here’s the position:

#Bearish Butterfly

SPY Jan 15th (Monthly)
334 / 357 / 380 Put Butterfly BTO for 7.20
Max Profit $1580, Target Profit $500
Max Loss $720, “Take Action” Loss $250

I’ll update as I manage or close the position. If any of you are experienced butterfly traders I would appreciate any advice! Thanks!

Jan 2021 Put Butterfly

#takeonefortheteam

LAZR

#ShortPuts – Just to get a weekly in. Let’s call it a #TakeOneForTheTeam type of trade. LOL

Sold LAZR JAN 8 2021 28.5 Puts @ 1.80

TQQQ

STO December 11, 160 put at 6.20,

#takeonefortheteam

TQQQ

#ShortPuts – Let’s see if this thing can implode to the 200ma…

Sold TQQQ OCT 16 2020 110.0 Put @ 2.45
Sold TQQQ OCT 23 2020 100.0 Put @ 2.20

#takeonefortheteam

TQQQ

#ShortPuts – Starter…

Sold TQQQ SEP 25 2020 110.0 Put @ 2.36

#takeonefortheteam

NVDA

#ShortPuts – Rolling this one up again for additional credit. Selling at the 20ma and the current expected move. We’ll call it a possible #TakeOneForTheTeam …..

Rolled NVDA SEP 18 2020 450.0 Put to SEP 18 2020 490.0 Put @ 4.70 credit (11.75 total now)

NVDA Earnings

#ShortPuts #Earnings – Selling a day early and fairly aggressively. Solidly in the #TakeOneForTheTeam category. LOL

Sold NVDA AUG 21 2020 455.0 Put @ 4.10

TQQQ

#ShortPuts – This is getting ridiculous. My most aggressive #TakeOneForTheTeam so far. 🙂 🙂

Sold TQQQ AUG 28 2020 100.0 Put @ 2.90

AAPL Earnings

#ShortPuts #Earnings – Going out to the monthlies for a little more safety and premium. Selling the expected move but below the 50ma. I’ll still put it in the #TakeOneForTheTeam category. 🙂 🙂

Sold AAPL AUG 21 2020 350.0 Put @ 3.75

AMD Earnings

#ShortPuts #Earnings #TakeOneForTheTeam

This might stir stir things up a little bit. Going to the monthly with a fairly aggressive sale near the breakout level.

Sold AMD AUG 21 2020 62.5 Puts @ 1.82

TQQQ

#ShortPuts #TakeOneForTheTeam

Sold TQQQ AUG 21 2020 90.0 Put @ 3.30

TQQQ

#ShortPuts – This was a #TakeOneForTheTeam but it didn’t help much…

Bought to Close TQQQ JUL 24 2020 95.0 Put @ .10 (sold for 2.40)

TNA

#ShortPuts – A little bit of boredom and a little bit of hopefully #TakeOneForTheTeam

Sold TNA AUG 21 2020 20.0 Puts @ .61

TQQQ

#ShortPuts #TakeOneForTheTeam – I feel like this is a TOFTT but in this market who knows…

Sold TQQQ JUL 24 2020 95.0 Put @ 2.40

AAPL

#ShortPuts – Pure insanity….let’s add this:

#TakeOneForTheTeam

Selling prior to earnings. If AAPL gets back to this there should be lots of other nice opportunities showing up also.

Sold AAPL JUL 24 2020 370.0 Put @ 2.30

NVDA

#ShortPuts – Breaking out to all time highs. With next week’s 330 looking safe I’m going out to the week before earnings and selling at the rapidly rising 50ma and slightly outside the expected move. This isn’t my usual style so let’s also add this hashtag:

#TakeOneForTheTeam

Sold NVDA AUG 07 2020 350.0 Put @ 4.49

TQQQ and QQQ

TQQQ is over 100 but below it’s peak of 120 while QQQ set a new all-time high.
Contango drift is strong with this one

#takeonefortheteam

TNA TQQQ

#TakeOneForTheTeam – A hashtag I haven’t used in a long long time but I think the time is now…

Sold TNA DEC 27 2019 68.5 Put @ 1.02
Sold TQQQ JAN 03 2020 79.0 Put @ 1.23

UVXY

#DiagonalBearCallSpreads #TakeOneForTheTeam – Let’s see if we can stir up some volatility…

Sold UVXY MAY 3 2019 42.5 Calls @ 1.50

SVXY

#ShortPuts – In my “SVXY only” account that has done absolutely nothing this year…I’ll follow @hcgdavis ‘s lead and try to shake things up a little. Sort of a #TakeOneForTheTeam trade…

Sold SVXY FEB 2 2018 120.0 Put @ 2.31
Sold SVXY FEB 9 2018 120.0 Put @ 3.20

SVXY

This was originally a #TakeOneForTheTeam trade. I tried…LOL Seemed to help a little at least. Booking it for good gain and looking to sell similar on next pullback.

Bought to Close SVXY DEC 29 2017 130.0/125.0 Bull Put Spreads @ 1.19 (sold for 2.98 and 2.80)

SPX

#RocketManHedge – This should get us the pullback we need… #TakeOneForTheTeam … since my ITM SVXY put spreads aren’t helping let’s try something new. Selling against my March hedge.

Bought to Close SPX DEC 22 2017 2670.0 Put @ .95 (sold for 9.20)

Sold SPX DEC 29 2017 2695.0 Put @ 12.10

EDIT…ITM SVXY put spreads…

SVXY

#TakeOneForTheTeam – Let’s see if this works…

Sold SVXY DEC 29 2017 130.0/125.0 Bull Put Spread @ 2.98

SPX hedge

Hindsight is 20/20 of course…don’t need the #RocketManHedge (yet 🙂 ). I will continue selling aggressively against it to turn it into a profitable position anyway. I’ll roll this new sale down if needed but it’s bordering on a #TakeOneForTheTeam !

Bought to Close SPX NOV 24 2017 2575.0 Put @ .65 (sold for 4.95)

Sold SPX DEC 1 2017 2600.0 Put @ 10.50

SVXY

#TakeOneForTheTeam #VXXGame – Filled on the little pop…

Bought to Close SVXY JUL 28 2017 95.0/90.0 Bull Put Spreads @ 1.76 (sold for 3.26)

UVXY

#TakeOneForTheTeam #VXXGame – Let’s see how this goes….staying small enough to widen or add if a roll is needed. Also to partly hedge the short SVXY calls out in Jan.

Sold UVXY SEP 15 2017 35.0/40.0 Bear call spreads @ .81

SVXY adjustment

#ReverseRoll #ShortStrangles – I may let some stock go next week via the covered call route. Adjusting my August strangle to possibly get long again but also limiting risk.

Originally sold 80/180 strangle for 3.55 but starting to wonder about the 180 call so pulling the @Jeff reverse roll.

Rolled SVXY AUG 18 2017 180.0 Call to AUG 18 2017 185.0/175.0 Bull Put spread @ 2.20 credit.

Total premium received is now 5.75 on the 10 wide spread. Keeps going up it’s all good. If she tanks no matter how low it goes I’ll be in the stock at a basis 4.25 above where it’s trading at the time…lower the better if an implosion happens! Now…do I resell the call side? 🙂

#takeonefortheteam, #vxxgame

SVXY

#TakeOneForTheTeam from a couple weeks ago…

Originally sold the slightly ITM 166/161 BuPS @ 3.25

Then:

Sold to Close SVXY JUL 7 2017 161.0 Put @ 5.40

This will give me the stock at a basis of 157.35. Going out two weeks to cover it using slightly ITM for some downside protection…still a possible profit of almost 5 points (4.65) while reducing basis to close to 150 (150.35)

Sold SVXY JUL 21 2017 155.0 Call @ 7.00

SVXY

#TakeOneForTheTeam – Punching out of this one for a small profit…

Bought to Close SVXY JUN 16 2017 160.0/155.0 BuPS @ 2.28 (sold for 2.76)

I’ll wait until Friday for a decision on my last few shares of SVXY…(covered by 137 calls)

NVDA

#ShortStrangles Sometimes to stop the insanity you have to do something insane. Time will tell if this was it…LOL

Rolled Jun monthly 160 puts up to 170 @ 7.50 credit.

Current position now 170/150 inverted @ 25.24

That’s still over a 5 dollar winner if NVDA finishes in between the strikes next week. Even if it does I may do some rolling to try and keep more of the premium. Can we classify this in the #TakeOneForTheTeam category?

SVXY

#TakeOneForTheTeam – Stock getting called away next week at 137 (maybe)…haven’t decided yet. I’ll try for a little more just in case.

Sold SVXY JUN 16 2017 160.0/155.0 Bull Put Spread @ 2.76

SVXY TOFTT update

#TakeOneForTheTeam – Was short a 160/155 put spread from a couple weeks ago. Of course was exercised early on the short 160 today. Immediately closed the 155 long put for 17.25. Originally received 2.80 for the spread so a grand total of 20.05 in premium to offset the 160 purchase price.

Stock basis of 139.95 is where she settled out…

I don’t feel like I really need this protection for the Jan 2018 short calls anymore so will aggressively try to unload this by selling a covered call slightly in the money.

Sold SVXY MAY 26 2017 137.0 Call @ 4.85

Still make a couple bucks with breakeven of 135.10

SVXY again

#VXXGame – Sort of a #TakeOneForTheTeam but pretty conservative. I’m losing a lot of long deltas from Sep and Jan put sales down in the 50, 55, 60, and 65 area so adding a few higher with a close eye on the previous ones. I’ll book those if things get dicey and leave these new ones. My position size is bigger temporarily but it won’t be if we get weak. These are margin free against short calls…

Sold SVXY JAN 19 2018 70.0 Put @ 2.56
Sold SVXY JAN 19 2018 75.0 Put @ 3.21
Sold SVXY JAN 19 2018 80.0 Put @ 3.90

SVXY for the team

#TakeOneForTheTeam – Took an additional stealth one for the team (didn’t post it due to the risk). Sold this week’s 151/156 BuPS early in the week. Got assigned last night on the 156 put so this morning sold the long put @ 2.20. Received 2.84 for the original sale so in the stock @ 151.

I’ll probably hang on to it for awhile to help protect Jan 2018 short calls @ 225, 230, 235, 240, 245, 250, and 255.

As of right now delta on the shares vs the short calls is -27. This becomes delta neutral @ 140.55 so I may end up selling a few more calls for some extra downside protection.

SVXY for the team

#TakeOneForTheTeam #ShortStrangles – Looks like we need another one of these so here goes….

Sold SVXY MAY 19 2017 160.0/155.0 Bull put spreads @ 3.07

Even with an implosion I’ll get the stock just a measly 1.93 below where it’s trading then…

#shortputs

SVXY (for the team)

It warms my heart to see all the volatility selling today. My 143 put is finally doing it’s job…and could still recover by Friday!

🙂 🙂 🙂

#TakeOneForTheTeam

SVXY (taking another one for the team)

#ShortPuts #TakeOneForTheTeam I just can’t help myself. 🙂 The last three times I’ve taken one for the team have worked out ok. Got us some volatility but eventually ended up nicely profitable. Let’s try it again…

Sold SVXY APR 7 2017 143.0 Put @ 3.50

EDIT…this is also a revenge trade since I bottom ticked the closing of that last one….

SVXY (taking another one for the team)

#ShortPuts #TakeOneForTheTeam -The last two times I’ve taken one for the team have worked out ok. Got us some volatility but eventually ended up nicely profitable. Let’s try it again…

Sold 1 SVXY MAR 31 2017 143.0 Put @ 3.00

And adding one out in Jan 2018 as a short call offset…I know…should’ve sold it yesterday but who knew? Incredible reversal in 24 hours.

Sold SVXY JAN 19 2018 60.0 Put @ 3.74

SVXY for the team

#TakeOneForTheTeam – Looks like I’m getting some stock assigned at 131 from the 131/126 Bull put spreads. Going for max downside protection by selling the covered calls ITM near breakeven. I’ll have to roll a week to turn a profit but wanted absolute maximum protection to the downside.

Here we go:

1. Received 2.18 for original spread sale
2. Sold to Close SVXY FEB 24 2017 126.0 Puts @ 2.50 (not a great fill)
3. Sold SVXY MAR 3 2017 120.0 Calls @ 5.74

So…stock assigned at 131 with 10.42 premium received leaving a basis of 120.58 with covered calls at 120. Actually had this calculated to be breakeven but awful fill on long puts got me in the hole a little.

We’ll see how it goes….but it looks like I did TOFTT!

🙂 🙂