TSLA Diagonal Closed

On Tuesday afternoon I Bought to Open 1 TSLA May 21 2021 975 Call / Sold to Open 1 TSLA Apr 16 2021 775 Call at $1.20 Net Credit.
Today I closed both sides @ $5.80 Credit.
Total gain in 2 days was $7.00 and it frees up significant buying power.
#WinWin with a credit in and another credit out

WFC Calls – closing the long

Sold to close WFC 04/16/2021 42.50 Calls at $0.33
Bought these on 01/22 at $0.21 and again on 02/08 @ $0.23.
They have been acting as long hedges against short diagonal calls since then.
The last of the writes against these were the 40.50 and 41.00 short diagonal calls that expired Friday.
#WinWin

TSLA Diagonal Closed

On Monday I bought to Open 1 TSLA May 21 2021 900.0 Call / Sold to Open 1 TSLA Apr 09 2021 725.0 Call @ 0.60 Credit.
Today I closed both sides @ $5.60 Credit.
Total gain in 3 days was $6.20 and it frees up significant buying power.
#WinWin with a credit in and another credit out

UVXY – Closing a long Put position

Sold to close UVXY Apr 16 2021 5.0 Puts @ 0.23.
Purchased these on March 1st @ 0.04 while writing March 5th 8.0 Puts against them that ultimately expired.
A #WinWin on a #UVXYContango trade.

I’m still long June 4.0 and 5.0 Puts that I continue to write against.

The next reverse split can’t be too far off with the stock at 5.40

VXX Puts Closed

Bought to close VXX 03/19/2021 12.50 Puts @ 0.01. They won’t trade any lower.
Sold at an average of 0.15 over the last week.

Also liquidated my long VXX 03/19/2021 14.0 Puts @ 0.73.
Bought these 09/09/2020 @ 0.64 & 0.71 and 10/08/2020 @ 0.56 and have been writing WEEKLY against them ever since.

#WinWin

GME Puts

Sold to close 1 GME Mar 19 2021 90.0 Put @ 2.87. Bought it Thursday @ 2.85. So just a breakeven.
It was a hedge against a GME 03/12/2022 195.0 Put was sold Thursday @ 2.65 and that expired Friday.
Another #WinWin Spread

TLRY

Friday I closed out some TLRY MAR 12 2021 $28.0 short calls @ 0.01 right at the market close.
Today I dumped part of the long position that was hedging the short.
Sold to close TLRY Apr 01 2021 60 Call at $1.37 for a nice gain.
Another #WinWin spread

AMC

Closed out the long hedge I had against last Friday’s AMC strike 12 Calls that expired worthless.
Sold to close AMC Apr 01 2021 22.0 Calls at $1.03. Bought them at 0.90 and 1.01 on 03/10
#WinWin on both sides of the spread.

GME Round Trip

At 11:40 this morning I put on the following GME Bear Call Diagonal
Bought Mar 19 2021 380.0 Call / Sold GME 03/12/2021 280.0 @ 2.60 Credit

Just now (1:42) I closed it out at 13.00 Credit – eliminating a big spread risk in the process

Big #WinWin with a credit in and a credit out

If GME gets back above 330 I’ll look to put something similar on at higher strikes this time.

Closing GME Puts

Dumped a couple more extra long Puts at a gain after the short puts sold against them expired last Friday.
Sold to close GME FEB 12 2021 $17 PUTS @ 0.80. Originally bought them @ 0.75.
#WinWin on the original spread.
GME at 56.50

Done with GME trades for today

GME Diagonal Puts

Bought to open GME Mar 19 2021 6.0 Puts / Sold to Open GME Feb 12 2021 18.0 Puts at $0.22 Credit

I’ve got a whole bunch of naked and hedged short puts expiring tomorrow plus I’m already long more puts than I am short.

#winwin