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Sanrith Descartes

Sanrith Descartes

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While I generally prefer writing very short dated puts to take advantage of the end of life time decay, Writing monthlies is nice to look past short term spurts of volatility.
 
Fogel

Fogel

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Maybe this GME nonsense gave SNDL some love, up to 1.60+ in after hours so that makes my juicy puts I mentioned earlier at 1.5 in good shape
 
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Sanrith Descartes

Sanrith Descartes

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Closed my weekly KO covered calls for the full 3 pennies. Now to stalking next week but I have to consider that it goes ex-div on 3/12 for 42 cents. Dont want to piss that away on a stupid mistake.
 
Sanrith Descartes

Sanrith Descartes

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Fogel Fogel VLDR reported earnings. They sucked balls. They are trying to push they shipped record number of units and then blame the fact that they are lower in almost all ways from Q4 2019 because of "Coronachan". I am sure it dropped 10% during the day because insiders had this info. Hopefully SPAC buyers only read the line that says "Lots of units shipped" and dont bother with anything else.

 
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Sanrith Descartes

Sanrith Descartes

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FYI - The last few days is demonstrating the risk associated with trading weekly or shorter options. Trading monthly gives you some time to let the market have a spasm and the get back on course.
 
Blazin

Blazin

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Blazin said:
Bought AMZN, MSFT, and AAPL
Sold puts on QQQ $310strike 3/19 @ $6.00

Total Premium collected now $9,139
Click to expand...

Have now sold calls against the MSFT and AAPL

MSFT $145 strike 3/19 for $2.00
AAPL $133 strike 3/19 for $1.00


Dip buy working today...
Capture.JPG
 
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
Have now sold calls against the MSFT and AAPL

MSFT $145 strike 3/19 for $2.00
AAPL $133 strike 3/19 for $1.00


Dip buy working today...
View attachment 338614
Click to expand...
Yeah my re-entry positions into core ETFs paying bigly. FTEC + 3% and QQQJ +3%

KO goes ex-div next week. Think I am sitting pat on covered calls so as not to risk the 44 cents.
 
Sanrith Descartes

Sanrith Descartes

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I had misread the the KO ex-div date and trades ex-div on the expiration date so that is a win for me since its calls I am selling not puts. I wrote the 52 strike for next Friday for 14 cents with another 44 cents dropping next Friday in dividends. I just need keep an eye on it and make it doesnt get snaked on Thursday if its close so someone can grab the dividend.
 
Sanrith Descartes

Sanrith Descartes

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Time decay on all my 3/19 expiry puts finally starting to kick in to gear. Happy, happy.
 
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Sanrith Descartes

Sanrith Descartes

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If my puts expired today instead of in two weeks here is how I will look in terms of cost basis:

VLDR: $16.35
LAZR: 23.42
BTWN: $11.80
CCIV: $18.60
PLTR: $21.13
 
Sanrith Descartes

Sanrith Descartes

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Notable open interest changes for March 5th (TheFlyOnTheWall)
Thursday's total option volume of 53.9 million contracts resulted in net open interest growth of 4.47 million calls and 3.47 million puts. Palantir Technologies(PLTR) , Apple(AAPL) , General Electric(GE) and NIO (NIO) saw the greatest growth. Top five new positions opened include 44k Itau Unibanco (ITUB) Jun-21 5 calls, 27k Community Health (CYH) Apr-21 10 calls, 25k Advanced Micro (AMD) Apr-21 90 calls, 23k Advanced Micro (AMD) Apr-21 90 puts and 21k Palantir Technologies(PLTR) Jun-21 26 calls.
 
Tmac

Tmac

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Sanrith Descartes said:
Notable open interest changes for March 5th (TheFlyOnTheWall)
Thursday's total option volume of 53.9 million contracts resulted in net open interest growth of 4.47 million calls and 3.47 million puts. Palantir Technologies(PLTR) , Apple(AAPL) , General Electric(GE) and NIO (NIO) saw the greatest growth. Top five new positions opened include 44k Itau Unibanco (ITUB) Jun-21 5 calls, 27k Community Health (CYH) Apr-21 10 calls, 25k Advanced Micro (AMD) Apr-21 90 calls, 23k Advanced Micro (AMD) Apr-21 90 puts and 21k Palantir Technologies(PLTR) Jun-21 26 calls.
Click to expand...

PLTR is my one chance to get tendies since I started trading!
 
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Sanrith Descartes

Sanrith Descartes

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Closed out all my PLTR puts at a 30% gain. Mainly did it to clear up the cash cover so I could re-allocate it to more profitable moves if they appear.
 
Fogel

Fogel

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Sanrith Descartes said:
Closed out all my PLTR puts at a 30% gain. Mainly did it to clear up the cash cover so I could re-allocate it to more profitable moves if they appear.
Click to expand...
What do you plan on doing with your VLDR? I'm looking at Apr calls and trying to decide on a strike, the 22.5 at .40 looks pretty good
 
Sanrith Descartes

Sanrith Descartes

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Fogel said:
What do you plan on doing with your VLDR? I'm looking at Apr and trying to decide on a strike, the 22.5 at .40 looks pretty good
Click to expand...
Im still praying to the Options Gods right now. My expiry is 3/19 so I dont own them yet.
 
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