worth noting that the spread has more or less totally vanished from those SWBI options so i definitely cost myself money by getting in when i did, but i should be able to cash out comfortably green and possibly re-enter on the next dip.

took a few swing positions and a spy scalp this morning.

GLD 185c 7/31 2x
SWBI 30c 8/21 10x


GLD.. the fintwit libertarians are amplifying the 'metals = new bitcoin' narrative and i think its got enough inertia behind it to carry it but im getting a bit nervous.. sellers are stacking up to take profits in the face of a strong market upturn and im down about 15% on it so far so im keeping an eye on it to see which direction it breaks in.

SWBI is a longer swing for me.. the spread on the 8/21 options was like .55/.35 when i got involved so i was pretty much down 25% the second i entered the position but i have a lot of time to catch up.



if we close out at the resistance level, those contracts pay out something like +1025%. at support level they pay out around +150%. with earnings coming up, its hard to find reasons for it to break through that resistance level so it feels like a comfortable spot.

in other news, grabbed 11 spy 324c 7/27 contracts at .13 and cashed them out at around +126% 45 minutes later, which offset a lot of the SWBI spread damage.. made another +15% off a 7/31 contract just in case the longer positions went south, insuring i have like 35% of my account cash to recover with.

break even day more or less. sold my GLD contract at top, racked up another 10% or so on a NVDA long, pivoted into PFE long and it reversed something fierce... $1117.92

so this is exactly what im talking about with roku.

shorter consolidation = less amplitude in those peaks. if we had just simmered until tomorrow/monday we would have easily broken 162.

obviously it could reverse and blow through that range any time now, its a volatile stock that likes to run, but thats a lot of risk to entertain when we have the option to get out clean with solid 10-12% profit.

jeeeeesus christ went from -65% to like +5% in about 15 minutes. dumped at a miracle profit allbeit a small one. also up 20% on a minor GLD long for 1152.52.

actual footage of me yolo'ing into a tsla put without bothering to calculate vix damage:

lol exited roku at 5.55, so about $55 profit there. i'll take it. PFE up 73% so far but its running out of steam so I just took profits there as well.

PTON contract up 11% but its also starting to fail and if it touches EMA im bailing and looking for better opportunities.

tabbed back and PTON was pushing through EMA, dumped at something like -3% on contract, i can deal with that.

$1125.05

PTON SMA says its still trending up but we are on a real well defined support rail and if we dip below it I'm going to cut my losses.

PFE up about 1.8% overnight and its got a ton of even, steady momentum behind it. ROKU up about .7% premarket.. seems to have strong support, hopefully its consolidating for another big push but we shot off a lot of momentum on yesterday's surge.. I will likely cash out if we hit 156+ again today then reposition on a pullback but I'm prepared for another slightly red close Thursday/Friday and a surge to 163+ early next week.

PFE is absolutely printing so I'm going to let it cook overnight... PTON is just kinda men at +1.98% over the day, but I'm not finding lots of reasons to dump... ROKU appears to have pulled back for consolidation.. its a July 31 expiration so I think I can ride this out and jump off at +160 before it expires.

that support line is real and if we push through im going to face some ugly choices.

roku looks like its feeling froggy but there is no volume at all behind it. entered late into 4 phizer 39c july 31, pulled back and im down about 33% / $90 but they just signed a yuge gov contract and i got another week to start going green in earnest so again, seems safe.

so just a quick update, as threatened im letting my roku & pton plays marinate. they are down about 9 and 8% respectively. pton is something like a $66 position, roku play is more substantial but its also go an extra week on the clock and a super low strike so honestly, worst realistic case.. vix monthlies expire tomorrow, spy plunges, i kiss off pton while printing spy puts, and next week roku swings back with the inevitable stimulus/vaccine/kanye divorce based market recovery. or so the theory goes.

dumped the twitter position because it was just really fucking dumb to begin with, swinging peleton and roku because the are extremely swingable.

echhhh got in on FB puts this morning immediately before the surge pretty much and our QQQ play was a funky zero. impatient and sloppy entry point, down to $1030 and change.