OptionsExpiration

Hanging in there despite the markets at new lows A couple of early overnight assignments I’ll have to deal with

==Expired ==
LABU 14/8.5 Bear Call Spreads
LABU 8.0 Covered and Diagonal Calls
LABU 7.5 Covered Calls
SLV 15/16.5 Bull Put Spreads
SOXL 8.5 Diagonal Puts
TNA 46.5/35 Bear Call Spread
TNA 46/34.5 Bear Call Spread
TNA 34/34.5/35 Covered Calls
TQQQ 37/26.5 Bear Call Spread
TQQQ 36.5/26.5 Bear Call Spread
TQQQ 36/26 Bear Call Spread
TQQQ 24/24.5/25 Covered Calls
TQQQ 17/19 Bull Put Spreads

UVXY 19/14.5 Bear Call Spread
UVXY 14.0 Diagonal Call
UVXY 13.5 Diagonal Call
UVXY 12.0 Diagonal Puts — #UVXYContango

VXX 27.0 Diagonal Calls
VXX 26.0 Diagonal Calls
VXX 25.5 Diagonal Calls
VXX 25.0 Diagonal Calls
VXX 24.0 Diagonal Calls
VXX 23.0 Diagonal Calls
VXX 22.5 Diagonal Calls
VXX 22.0 Diagonal Calls
VXX 18.5 Diagonal Puts — #VXXContango
VXX 18.0 Diagonal Puts — #VXXContango

==Assignments==
SOXL 12.5 Puts – Adjusted stock cost after put premium is $9.56
UVXY 10.5 Calls – net stock short of $12.13 after the call premium. I had an order in to cover the short today at 11.90, and it hit it, but no fill (I was too greedy). I’ll try again Monday

NVDA SPY XBI

NVDA: Adding a few.

Sold NVDA OCT 7 2022 130.0 Calls @ 2.00

SPY: Another round.

Bought to Close SPY SEP 30 2022 375.0 Calls @ .03 (sold for 6.25 and 8.10)
Bought to Close SPY SEP 30 2022 375.0 Call @ .02 (sold for 2.94)

Sold SPY OCT 7 2022 370.0 Call @ 2.71
Sold SPY OCT 7 2022 372.0 Call @ 2.20
Sold SPY OCT 7 2022 374.0 Call @ 1.95
Sold SPY OCT 7 2022 376.0 Call @ 1.50
Sold SPY OCT 7 2022 377.0 Calls @ 1.38

Sold SPY OCT 21 2022 380.0 Call @ 2.81

XBI: Letting some stock go at 78.00 (basis 69.85). Replacing with these:

Sold XBI OCT 7 2022 78.0 Puts @ 1.13
Sold XBI OCT 7 2022 79.0 Puts @ 1.50
Sold XBI OCT 7 2022 80.0 Put @ 1.82
Sold XBI OCT 7 2022 81.0 Put @ 2.27

And:

Bought to Close XBI SEP 30 2022 80.0 Calls @ .03 (sold for .64)

Sold XBI OCT 7 2022 79.0 Calls @ 2.50

SPX 1-dte

#SPX1dte No new trade…. this plunge in final minutes is a clear enough sign to WAIT until Monday.

Expiring: $SPX Sept 30th 3490/3510-3750/3770 condors, sold yesterday for 1.75.

UVXY SOXL

Friday Final trades/Final Rolls
Rolled UVXY Sep 30 2022 12.5 Calls to UVXY Oct 07 2022 15.0 Calls at $0.12 Credit and pushed the short strike up 2.5 points.
Rolled SOXL Sep 30 2022 9.0 Puts to SOXL Oct 07 2022 8.5 Puts at $0.26 Credit and dropped the short strike $0.50

VXX Calls

For next week
Sold VXX Oct 07 2022 28.0 Calls at $0.11
Sold VXX Oct 07 2022 25.0 Calls at $0.21

CTXS stock

Getting taken out of my Citrix Systems stock at $104.00
Citrix shareholders will receive $104.00 in cash per share in a corporate takeover closing tonight.
Made tiny buys 4 times last year from $92.14 all the way down to $80.00.
#RaisingCash
#FormerFallingKnife #SP500

Markets

Consumer staples (PG, KMB and CL), Utilities and Financial managers (BEN, IVZ and BLK) are really leading to the downside with new lows.
Also CCL and NKE have imploded but I’m not tempted yet.
#SP500 #FallingKnife

SLV SOXL Puts closed

Bought to close SOXL Sep 30 2022 8.5 Puts at $0.01 (partial fill). Sold Monday at $0.21.
Letting the rest expire

Bought to close SLV Sep 30 2022 17.0 Puts at $0.01. Sold last Friday at $0.16.
My short SLV 16.5 puts will expire later today

SOXL TNA TQQQ Rolls

Rolled SOXL Sep 30 2022 10.0 Puts to SOXL Oct 07 2022 9.5 Puts at $0.03 Net Credit
Rolled SOXL Sep 30 2022 11.0 Puts to SOXL Oct 07 2022 11.0 Puts at $0.18 Net Credit

Rolled 1 TNA Sep 30 2022 31.0 Put to 1 TNA Oct 07 2022 30.0 Put at $0.33 Net Credit
Rolled 1 TNA Sep 30 2022 33.0 Put to 1 TNA Oct 07 2022 32.0 Put at $0.02 Net Credit

Rolled 1 TQQQ Sep 30 2022 22.5 Put to 1 TQQQ Oct 07 2022 22.0 Put at $0.08 Net Credit
Rolled 1 TQQQ Sep 30 2022 24.0 Put to 1 TQQQ Oct 07 2022 24.0 Put at $0.18 Net Credit
#OnlySpreads

UVXY Calls

For next week
Sold UVXY Oct 07 2022 16.0 Diagonal Calls at $0.23

Bought to close UVXY Sep 30 2022 11.5 Calls at $0.61. Sold last week at $0.90.
Sold to open UVXY Oct 07 2022 12.5 Calls at $0.63 for a $0.02 Credit

#OnlySpreads

NVDA SPY

#CoveredCalls – A few today.

NVDA:

Bought to Close NVDA SEP 30 2022 135.0 Calls @ .05 (sold for 1.30)

SPY:

Bought to Close SPY SEP 30 2022 377.0 Call @ .05 (sold for 2.30)
Bought to Close SPY SEP 30 2022 379.0 Calls @ .05 (sold for 1.75)
Bought to Close SPY SEP 30 2022 380.0 Call @ .05 (sold for 8.95)
Bought to Close SPY SEP 30 2022 385.0 Call @ .05 (sold for 2.33)

Sold part of some hedges:

Sold to Close SPY NOV 18 2022 300.0 Puts @ 2.06 (bought for 1.42)

Stocks

Limited buys today as I’ve pulled most buy orders
Added T at $15.50
Added VFC at $31.50
Added QQQ at $269.27
#FallingKnife

SPX1dte

#SPX1dte Sold 6 minutes after closing bell: $SPX Sept 30th 3490/3510-3750/3770 condors for 1.75, SPX closed at 3640, IV 40.8%, deltas -.05 +.06

SPX stopped

#SPX1dte Well, my instincts were correct to wait until morning to sell, but in the end made little difference.

Bought to close $SPX Sept 29th 3590/3570 put spreads for 3.40. Condors sold for 1.45 this morning. First loss of the week.

Labor Data

Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening even as the Federal Reserve is trying to slow things down.

Jobless claims for the week ended Sept. 24 totaled 193,000, a decrease of 16,000 from the previous week’s downwardly revised total and below the 215,000 Dow Jones estimate, according to a Labor Department report Thursday.

The drop in claims was the lowest level since April 23 and the first time claims fell below 200,000 since early May.

Continuing claims, which run a week behind, fell 29,000 to 1.347 million.

The strong labor numbers come amid Fed efforts to cool the economy and bring down inflation, which is running near its highest levels since the early 1980s. Central bank officials specifically have pointed to the tight labor market and its upward pressure on salaries as a target of the policy tightening.

Despite the efforts, there was more bad news Thursday for the Fed on the inflation front.

The personal consumption expenditures price index, a favorite inflation gauge for the Fed, showed a 7.3% year-over-year price gain in the second quarter, the Commerce Department reported in its final GDP estimate for the period. That was above the 7.1% reading in the prior two Q2 estimates and just off the 7.5% gain in the first quarter.

Excluding food and energy, core PCE inflation was 4.7%, 0.3 percentage point higher than the previous two estimates but below the 5.6% jump in Q1.

The Fed has raised interest rates five times in 2022 for a total of 3 percentage points, and officials have stressed the importance of continuing to hike until inflation comes down closer to the central bank’s 2% target.

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX Sept 29th 3570/3590-3775/3795 condors for 1.45, IV 53.6%, deltas -.05 +.05

SOXL SPY TQQQ

#CoveredCalls – A few more last couple days.

Sold SOXL OCT 7 2022 12.0 Calls @ .25

Sold SPY OCT 7 2022 373.0 Call @ 3.81
Sold SPY OCT 7 2022 375.0 Call @ 3.05
Sold SPY OCT 7 2022 375.0 Call @ 3.15

Bought to Close TQQQ SEP 30 2022 27.0 Calls @ .02 (sold for .75)
Sold TQQQ OCT 7 2022 24.0 Calls @ .47
Sold TQQQ OCT 7 2022 25.0 Calls @ .55

SPX 1-dte

#SPX1dte No trade placed this afternoon, will wait for morning

Expired: $SPX Sept 28th 3515/3535-3740/3760 condors, sold for 1.60 yesterday.

TQQQ Covered Call

Sold 1 TQQQ Sep 30 2022 24.0 Call at $0.18

BIIB

Liquidated a portion of my BIIB at $271.81. Bought on 11/29/2021 at $238.00.

Now I know why LABU spiked today (big moves in BIIB and LLY)

Edit:
Sold a bit more at $277.01. Bought on 12/02/2021 at $225.00
#FormerFallingKnife #RaisingCash

TNA Covered Calls

Sold TNA Sep 30 2022 34.0 Calls at $0.20 and $0.24
Sold TNA Sep 30 2022 34.5 Calls at $0.13 and $0.29

LABU Covered Call Ladder

Sold LABU Sep 30 2022 8.5 Calls at $0.05
Sold LABU Sep 30 2022 8.0 Calls at $0.15 and $0.18
Sold LABU Sep 30 2022 7.5 Calls at $0.21, $0.28 and $0.35

LABU

Sold LABU Sep 30 2022 7.5 Covered Calls at $0.15

VXX Call Ladder

Sold against remaining long calls:
Sold VXX Sep 30 2022 27.0 Calls at $0.10
Sold VXX Sep 30 2022 26.0 Calls at $0.13
Sold VXX Sep 30 2022 25.5 Calls at $0.13
Sold VXX Sep 30 2022 25.0 Calls at $0.14

SPX trades

#SPX1dte My stop was not hit, but I don’t trust this market… BTC $SPX Sept 27th 3590/3570 put spreads for .60. Condors sold this morning for 1.70.

VXX Call Profits

Liquidating some excess long calls left over from last weeks diagonal spreads
Sold VXX Oct 07 2022 25.0 Calls at $0.46. Bought at $.0.12 and $0.14
Sold VXX Oct 07 2022 25.5 Calls at $0.36. Bought at $.0.16
Sold VXX Oct 07 2022 28.0 Calls at $0.24. Bought at $0.06
#WinWin

Stocks

Bought at new lows:
IVZ at $14.44 Div = 5.06%
KEY at $16.00 Div = 4.84%
NWL at $14.19 Div = 6.44%
OGN at $25.00 Div = 4.45%
TFC at $43.00 Div = 4.79%
VNO at $22.87 Div = 9.08%
VTRS at $8.43 Div = 5.63%
Pulling most of my remaining buy orders except for SPY and QQQ

Bought SPY at $362.16
#Sp500 #FallingKnife

SPX 1-dte

#SPX1dte In pre-market, Sold to Open $SPX Sept 27th 3570/3590-3765/3785 condors for 1.70, IV 51.3%, deltas -.05 +.06

SPX trades

#SPX5dte Sold to close $SPX Sept 27th 3750/3770-3780/3800 condors for 19.15. Bought for 17.80 on Thursday.

#SPX1dte Expiring: Sept 26th 3525/3550-3800/3825 condors, sold Friday for 1.40.

No trade placed for tomorrow due to insufficient premium to get safely OTM. Will consider a same-day trade in the morning.

SOXL Puts

Sold SOXL Sep 30 2022 8.5 Diagonal Puts at $0.21, replacing last week’s SOXL 9.0 Puts covered at a penny on Friday

Markets

You know it’s a BEAR Market when:
75% of stocks are declining today
2630 new lows vs. 47 new highs today
Only 11% of stocks above their 50 day MA
Only 13% of stocks are above their 200 day MA
(Stats courtesy of Finviz.com)

FYI, Garman says it is…

FYI, Garman says it is time to go a little bit long so you can short the market again.

Stocks

A smaller list of tiny buys so far today:
VFC at $35.00 Div = 5.58%
IP at $32.00 Div = 5.58%
INTC at $27.00 Div = 5.30%
FDX at $144.00 Div = 3.08%
CE at $89.00 Div = 2.98%
#SP500 #FallingKnife

SLV Puts

Sold SLV Sep 30 2022 16.5 Diagonal Puts at $0.10 replacing SLV 17.0 Puts that expired Friday

VXX Long term Puts

Bought VXX Jan 20 2023 11.0 Puts at $0.10 to write more weekly puts against
#VXXContango

#coveredcalls #PBT Sto 17 MAR…

#coveredcalls
#PBT
Sto 17 MAR 2023 17.5 CALL @1.85

#smallbuy Buy T @15.85 Buy…

#smallbuy
Buy T @15.85
Buy CSSEP @22.01
Buy HPS @14.68
Buy VZ @39.02
#dividends

#smallbuy Buy CRF @7.99 #dividends

#smallbuy
Buy CRF @7.99
#dividends

TNA

Additional Calls
Sold TNA Sep 30 2022 34.0 Calls at $0.53 and $0.55
Sold TNA Sep 30 2022 34.5 Call at $0.43

TNA TQQQ VXX LABU Calls

Sold all these on the open replacing calls that expired Friday:
TNA Sep 30 2022 35.0 Call at $0.23
TNA Sep 30 2022 34.5 Call at $0.27
TNA Sep 30 2022 34.0 Call at $0.26

TQQQ Sep 30 2022 26.5 Calls at $0.06
TQQQ Sep 30 2022 26.0 Calls at $0.08
TQQQ Sep 30 2022 25.0 Calls at $0.19
TQQQ Sep 30 2022 24.5 Calls at $0.24
TQQQ Sep 30 2022 24.0 Calls at $0.33

VXX Sep 30 2022 22 Calls at $0.40, $0.42 and $0.44

LABU Sep 30 2022 8 Calls at $0.10
#CoveredCalls #OnlySpreads

SPY

#CoveredCalls – Reloading and rolling down slightly for additional premium.

Rolled SPY SEP 30 2022 385.0 Call to SEP 30 2022 375.0 Call @ 2.25 credit (8.10 total now)
Rolled SPY SEP 30 2022 389.0 Call to SEP 30 2022 375.0 Call @ 2.55 credit (6.25 total now)

Sold SPY SEP 30 2022 375.0 Call @ 2.94
Sold SPY SEP 30 2022 377.0 Call @ 2.30
Sold SPY SEP 30 2022 379.0 Calls @ 1.75

Downside WARNING FIRED

#VIXindicator A warning fired at the close today with the $VIX over 29.00. The last warning in April took 39 trading days before reaching the market low, about a 15% drop. Before that, this warning was not a great indicator in 2021, with many small drops & short-lived drops. This time, we have been dropping for weeks and it took awhile to finally fire.

Here are recent Downside Warnings for reference:
Fired 4/22/22, at the SPX close of 4,272. The SPX low of 3,637 was 39 trading days later (-14.9%)
Fired 2/11/22, at the SPX close of 4,419. The SPX low of 4,115 was 8 trading days later (-6.9%).
Fired 1/20/22, at the SPX close of 4,483. The SPX low of 4,223 was 2 trading days later (-5.8%).
Fired 11/26/21, at the SPX close of 4,585. The SPX low of 4,495 was 5 trading days later (-2.0%).
Fired 9/20/21, canceled quickly but fired again on 9/28/21, at the SPX close of 4,353. The SPX low of 4,278 was 4 trading days later (-1.7%).
Fired 8/18/21, at the SPX close of 4,427. The SPX low of 4,368 was the next day, so another FALSE warning (-1.3%).
Fired 7/19/21, at the SPX close of 4,258. The SPX low was also that day, so this was a FALSE warning.
Fired 5/11/21, at the SPX close of 4,152. The SPX low was the next day at 4,056, so basically a FALSE warning. It dipped again 5 trading days after that to 4,061, then recovered from there(-2.3%).
Fired 2/25/21, at the SPX close of 3,829. The SPX low of 3,723 was 5 trading days later (-2.8%).
ired 1/27/21, at the SPX close of 3,750. The SPX low of 3,694 was only 2 days later (-1.5%).
Fired 9/3/20, at the SPX close of 3,455. The SPX low of 3,209 was 3 weeks later on Sep 24th (-7.1%).

VXX Calls

For next week
Sold VXX Sep 30 2022 23.0 Diagonal Calls at $0.45
Sold VXX Sep 30 2022 24.0 Diagonal Calls at $0.34
#OnlySpreads

SPY

#CoveredCalls – Just in case we bounce Monday taking some more off.

Bought to Close SPY SEP 30 2022 389.0 Calls @ .30 (sold for 12.75)
Bought to Close SPY SEP 30 2022 391.0 Call @ .20 (sold for 5.70)

OptionsExpiration

It’s a Bear Market.
Lots of Covered and Diagonal Calls expired in LABU, TNA, TQQQ and even in VXX (unexpected).
Some Puts were rolled down in TNA and TQQQ, and some calls rolled up in UVXY.
Puts in UVXY and VXX were major gainers. And plenty of VXX puts are still on the books for next week.
==Expired==
LABU 14/10.5 Bear Call Spreads
LABU 9.0 Covered Calls

SLV 17.0 Diagonal Puts

TNA 40/40.5/41 Covered Calls
TNA 41.5 Diagonal Call
TNA 48.5/42 Bear Call Spreads
TNA 50/42.5 Bear Call Spreads

TQQQ 27/27.5/28 Covered Calls
TQQQ 36/28.5 Bear Call Spreads
TQQQ 37.5/28 Bear Call Spreads
TQQQ 20.0 Diagonal Puts
TQQQ 19.5 Diagonal Put

UVXY 20.5/12 Bear Call Spreads
UVXY 9.5 Diagonal Puts — #UVXYContango
UVXY 9.0 Diagonal Puts — #UVXYContango

VXX 28/21.5 Bear Call Spreads
VXX 25/21 Bear Call Spreads
VXX 21.0 Diagonal Calls
VXX 20.5 Diagonal Calls
VXX 18.5 Diagonal Puts — #VXXContango
VXX 18.0 Diagonal Puts — #VXXContango
VXX 17.5 Diagonal Puts — #VXXContango
VXX 17.0 Diagonal Puts — #VXXContango
VXX 16.5 Diagonal Puts — #VXXContango

== Assignments==
None

SPX trades

#SPX1dte Sold to Open $SPX Sept 26th 3525/3550-3800/3825 condors for 1.40, SPX at 3691, IV 22.9%, deltas -.05 +.05. These are 25-points wide, as not all strikes available so low on the put side. Also went with 5 deltas rather than usual 6 for a bit more safety.

Week in review:
#SPX5dte one loss: -2.20
#SPX1dte: two losses, three wins: +0.70
Same day Fed trade, Friday revenge trade: 2 wins: +7.00

Total for week: +5.50

NVDA

#CoveredCalls – Taking off a few more after overwriting quite a bit.

Bought to Close NVDA SEP 30 2022 145.0 Calls @ .15 (sold for 1.40)

SOXL Puts closed and rolled

Bought to close SOXL Sep 23 2022 9.5 Puts at $0.01. Sold this morning at $0.19 for a scalp trade and on Monday at $0.17

Bought to close SOXL Sep 2022 10.0 Diagonal Puts at $0.18. Sold on Monday at $0.25.
Sold to open SOXL Sep 30 2022 9.0 Puts at $0.38 for a $0.20 Credit

State of the market

T2108: 11.30 (low of the day 9.96)
Fear and Greed Index: 21 (Extreme Fear)
VIX futures in backwardation (www.vixcentral.com)

XBI

#CoveredCalls – A tiny bounce so throwing a few more out next week.

Sold XBI SEP 30 2022 80.0 Calls @ .64

SPY

#CoveredCalls – Sold SPY OCT 7 2022 380.0 Call @ 3.10

SVXY

#BullPutSpreads – Hard to believe this thing is still near 50. Finally taking a hit today since we eased back into backwardation again finally. Taking a defined risk directional shot on it through end of year. Taking assignment is the plan if it keeps dropping.

Sold SVXY JAN 20 2023 60.0/50.0 Bull Put Spread @ 6.25

Stocks

As markets test the June 2022 lows I’m making tiny buys on Higher dividend payers. Biggest one day buying since then.
When SPY and QQQ reach their old lows, I’ll switch to those stocks and suspend most other buys.

LYB at $72.00
PARA at $20.00
DLR at $104.00
STX at $58.00
OGN at $26.00
USB at $42.00
PRU at $89.00
T at $16.00
PKG at $114.10
CFG at $34.00
WHR at $139.53
LUMN at $8.00
FRT at $89.18
CMCSA at $32.00
CFG at $34.00
LNC at $44.00
DD at $51.50
SWK at $80.00
RL at $86.00
IVZ at $15.20
MMM at $113.17
SPG at $90.76
#SP500 #FallingKnife

NVDA SPY TLT XBI

#CoveredCalls – My apartment building lost a little value this week but the tenants still have to pay me. LOL!

NVDA: A few adds this morning.
Sold NVDA OCT 7 2022 139.0 Calls @ 1.35

SPY:
Bought to Close SPY SEP 23 2022 380.0 Call @ .01 (sold for 8.40)
Bought to Close SPY SEP 23 2022 385.0 Call @ .01 (sold for 8.65)

TLT: Bought, sold, rolled
Bought to Close TLT SEP 23 2022 109.5 Calls @ .01 (sold for .45)
Sold TLT OCT 21 2022 110.0 Calls @ .90
Rolled TLT SEP 23 2022 110.0 Put to TLT OCT 21 2022 110.0 Put @ .80 credit (4.15 total now)

XBI: My second biggest position after SPY. Letting all covered calls expire. Not much premium in them since I spent it on some debit rolls…but frees up a lot of shares for new call sales.

EDIT: One add on some of the lower basis shares.

Sold XBI SEP 30 2022 78.0 Calls @ 1.02

The SPXL and TQQQ are…

The SPXL and TQQQ are making new 52 week lows.

SOXL Puts Rolled

Bought to close SOXL Sep 23 2022 10.5 Puts / Sold SOXL Sep 30 2022 10.0 Puts at $0.10 Credit

#smallbuy Buy DSXpB @25.55 #dividends

#smallbuy
Buy DSXpB @25.55
#dividends

VXX Puts

Rolled my largest short put position:
Bought VXX Sep 23 2022 19.5 Puts at $0.35. Sold last week on a rolldown at $1.04.
Sold to Open VXX Sep 30 2022 18.5 Puts at $0.37 for a $0.02 Credit and a full point better on the short strike.
I’m now expecting my VXX 18.5, 18.0, 17.5, 17.0 and 16.5 Diagonal Puts to expire along with 20.5, 21.0 and 21.5 short calls.
#VXXContango #OnlySpreads

SPX stopped

#SPX1dte Bought to close $SPX Sept 23rd 3680/3660 put spreads for 5.05. Condors sold yesterday for 1.75.

Another Friday where most of the week’s profit is obliterated. Even though a Downside Warning has not yet fired (it may today), I’m going to need to switch back to same day trades to account for overnight moves. It also is becoming a pattern where a big move (like last Tuesday after CPI and this Wednesday after FOMC) is followed by a quiet day, but then a sharper move will occur a day or two later.

TNA Puts

Rolled 1 TNA Sep 23 2022 32.0 Diagonal Put to 1 TNA Sep 30 2022 31.0 Put at $0.24 Credit

Liquidated some long Puts for small gains. These expire today.
Sold to Close 1 TNA Sep 23 2022 31.0 Put at $0.78. Bought at $0.64
Sold to Close TNA Sep 23 2022 30.0 Puts at $0.40. Bought at an average price of $0.38
#WinWin #OnlySpreads

ISRG NVDA SPY

#ShortPuts #CoveredCalls – A few more on the late bounce.

ISRG: Rolling a day early to minimize chance of early assignment.

Rolled ISRG SEP 23 2022 205.0 Put to SEP 30 2022 205.0 Put @ .60 credit (3.70 total now)

NVDA: Adding a few. Slight oversales.

Sold NVDA SEP 30 2022 135.0 Calls @ 1.30
Sold NVDA OCT 7 2022 140.0 Calls @ 1.50

SPY: Looks like I’ll be out of quite a few of these tomorrow so adding one early.

Sold SPY SEP 30 2022 385.0 Call @ 2.33

SPX trades

#SPX5dte Bought to Open $SPX Sept 27th 3750/3770-3780/3800 condors for 17.80, with SPX at 3786.

#spx1dte

SOXL Puts Rolled down

These spent most of yesterday out of the money. Not so much now.
Bought to close SOXL Sep 23 2022 11.5 Puts / Sold SOXL Sep 30 2022 11.0 Puts for a $0.02 Credit and a half point better on the short strike
#OnlySpreads

NVDA SOXL TBT

#CoveredCalls – No new tenants today. Just collecting rent from current renters. 🙂 🙂

NVDA:

Bought to Close NVDA SEP 23 2022 139.0 Calls @ .05 (sold for 1.00)

SOXL:

Bought to Close SOXL SEP 23 2022 12.0 Calls @ .05 (sold for 1.17)
Bought to Close SOXL SEP 23 2022 15.0 Calls @ .01 (sold for .17)

TBT: Adding a long LEAP put.

Bought TBT JAN 17 2025 30.0 Put @ 6.95

VXX Puts Rolled down

Bought to close VXX Sep 23 2022 19.0 Puts at $0.32. Sold last week on a rolldown at $0.63.
Sold VXX Sep 30 2022 18.0 Puts at $0.38 for a $0.06 Credit and a full point better on the short strike
#VXXContango #OnlySpreads

Stocks

Tiny buys
Added BXP at $76.18 Div = 5.06%
Added EMN at $75.00 Div = 4.02%
Added IP at $34.00 Div = 5.40%
Added INTC at $28.08 Div = 5.13%
Added NWL at $15.00 Div = 6.04%
Added PARA at $20.88 Div = 4.49%
Added VTRS at $9.00 Div = 5.30%
Added VFC at $36.94 Div = 5.38%
Started REG at $55.00 Div = 4.47%
Started SPG at $93.00 Div = 7.31%

And one non-divvy stock
Added GOOGL at $98.87
#SP500 #FallingKnife

VXX Long term Puts

Bought VXX Nov 18 2022 12.0 Puts at $0.04.
Bought VXX Jan 20 2023 11.0 Puts at $0.15.
Bought VXX Jan 20 2023 10.0 Puts at $0.07.
Setting up additional longs to write weekly puts against
#VXXContango #OnlySpreads

These buys also lowered my option spread requirements in VXX for this week too 🙂

Closed TTD

Finally took this one off for just about a scratch/very small loss after it ran away from me after earnings. Originally put the trade on 8/9 and did several rolls and adjustments bringing in net 2.85 in premium. Bought the final position (Oct 21 55/75 strangle) back for 3.15 for an overall .30 loss.

Inflation

When satire is indistinguishable from the real world and funny because it is actually true..

XBI

#CoveredCalls – Let’s see if I can get out of these a week earlier.

Rolled XBI SEP 30 2022 81.0 Calls to SEP 23 2022 79.0 Calls @ .18 debit
Rolled XBI SEP 30 2022 80.0 Calls to SEP 23 2022 78.0 Calls @ .04 credit

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 22nd 3650/3670-3920/3940 condors for 1.35, SPX at 3798, IV 38.8%, deltas -.05 +.06

TBT

#LongLEAPS – Just a little starter for fun. Hopefully add a little along the way and maybe sell a little against it. Tough fill so probably overpaid.

Bought to Open TBT JAN 17 2025 30.0 Put @ 7.40

Stocks

Tiny buys post FED
Only one – sort of surprised there aren’t more
Bought VZ at $40.00 and $39.77 Div = 6.43%
#SP500 #FallingKnife

SPX 2 hour trades

#SPX1dte Sold to Open $SPX Sept 21st 3770/3750 put spreads for 3.40.

After the Fed

Sold VXX Sep 23 2022 20.5 Diagonal Calls at $0.12, $0.13 and $0.14

The VIX index briefly hit 30 before dropping back 10%