Shared by
jfabiano
Nice move towards the $18 line with a quick push then little selloff near EOD. Thinking that masks are going to be more popular as CA and I'm sure some others will follow suit. Just selling the 59DTE August PUTS (close to when school goes back)right at the .29-.30 delta. Have 6 contracts in day trading ($3 basis) account & 3 in ROTH $2.95 basis for a total of 9 contracts. Net B/O is $12 line which $12.50-$10 has provided lots of support after going parabolic back in middle/late March when the COVID pandemic hit.
7/16 - Closed the 2 contracts but still like this a a LT long. Sold the closer support $17.50. Now short 9@$15 and $
7/28 Closed out 8/21 puts capturing around 80% of short premium.
9/10 Had a large Selloff from the $25 area post ER (even through it was very good ER with increased outlook due to COVID and mask demand). Starting to show a little bottoming in the $12 line. Sold the slightly OTM puts that are 36DTE. This has a decent potential for a bottom bouncer following Antonio play. Didn't go with the 2 nets as the lower puts were super illiquid (so were the $13 puts, but Ok with this stock).
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-23 14:45:00 | AUG21 20 15 PUT | sell | $3.000 | short |
| 2020-06-23 15:23:00 | AUG21 20 15 PUT | sell | $2.950 | short |
| 2020-06-23 15:45:00 | AUG21 20 15 PUT | sell | $3.000 | short |
| 2020-06-24 15:41:00 | JUL17 20 17 PUT | sell | $2.250 | short |
| 2020-07-16 12:24:00 | JUL17 20 17 PUT | buy | $0.2000 | 0 |
| 2020-07-16 15:11:00 | AUG21 20 17.50 PUT | sell | $2.500 | short |
| 2020-07-16 15:11:00 | AUG21 20 17.50 PUT | sell | $2.500 | short |
| 2020-07-16 15:11:00 | AUG21 20 17.50 PUT | sell | $2.500 | short |
| 2020-07-24 14:35:00 | AUG21 20 15 PUT | buy | $0.7000 | short |
| 2020-07-27 10:35:00 | AUG21 20 15 PUT | buy | $0.5700 | short |
| 2020-07-27 10:36:00 | AUG21 20 15 PUT | buy | $0.5700 | short |
| 2020-07-27 10:36:00 | AUG21 20 15 PUT | buy | $0.5700 | short |
| 2020-07-28 09:36:00 | AUG21 20 15 PUT | buy | $0.4800 | short |
| 2020-07-28 09:52:00 | AUG21 20 15 PUT | buy | $0.5000 | short |
| 2020-07-28 09:58:00 | AUG21 20 15 PUT | buy | $0.4900 | 0 |
| 2020-08-20 14:44:00 | AUG21 20 17.50 PUT | buy | $1.100 | 0 |
| 2020-09-10 14:13:00 | OCT16 20 13 PUT | sell | $1.500 | short |
| 2020-09-30 11:55:00 | OCT16 20 13 PUT | buy | $0.3000 | 0 |
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