TLT

#ShortPuts – Rolling for additional credit. Short others in June at lower strikes.

Rolled TLT MAY 20 2022 119.0 Put to MAY 27 2022 119.0 Put @ 1.10 credit (4.10 total now)
Rolled TLT MAY 20 2022 121.0 Put to JUN 3 2022 121.0 Put @ 1.15 credit (4.35 total now)
Rolled TLT MAY 20 2022 123.0 Put to JUN 17 2022 123.0 Put @ 1.32 credit (4.45 total now)
Rolled TLT MAY 20 2022 125.0 Put to JUN 17 2022 125.0 Put @ .95 credit (3.80 total now)

OptionsExpiration

A good week to be selling Calls on TNA and TQQQ. VXX worked pretty well too.
I’m ready for another dead cat bounce next week.

Expired:
KOLD 6.0 Put

LABU 9.0 Covered Calls
LABU 6.0 Put
LABU 5.5 Put
LABU 5.0 Put
LABU 4.5 Puts

TNA 44/45/46 Covered Calls
TNA 70/46 Bear Call Spread
TNA 68/46 Bear Call Spread
TNA 63.5/46 Bear Call Spread
TNA 59/45 Bear Call Spread
TNA 58.5/45 Bear Call Spread
TNA 44.0 Calls

TQQQ 32/33/34/35 Covered Calls
TQQQ 60/38 Bear Call Spread
TQQQ 37.0 Call
TQQQ 36.0 Calls

VXX 49/28.5 Bear Call Spread
VXX 48/28.5 Bear Call Spread
VXX 47/28 Bear Call Spread
VXX 45/28 Bear Call Spreads
VXX 44/28 Bear Call Spread
VXX 43/28 Bear Call Spread
VXX 41/28 Bear Call Spread
VXX 40/28 Bear Call Spread
VXX 39/28 Bear Call Spreads
VXX 38/28 Bear Call Spreads
VXX 37/27.5 Bear Call Spreads
VXX 36/27.5 Bear Call Spreads

VXX 10/23.5 Bull Put Spreads
VXX 11/24 Bull Put Spreads
VXX 15/24 Bull Put Spreads
VXX 16/24 Bull Put Spreads
VXX 24.0 Puts — #VXXContango
VXX 24.5 Puts — #VXXContango

VXX Puts

A drop in VXX in the last 60 seconds before the close forced me out of the last of my VXX May 20 2022 25.0 short Puts at $0.02. Still my average selling price was $0.50 on these remaining puts.

Replaced them with the following short puts for next week.
Sold VXX May 27 2022 23.50 Puts at $0.18 and $0.23
Sold 1 VXX May 27 2022 24.0 Put at $0.43

SPX 1-dte

#SPX1dte Sold to open $SPX May 23rd 3730/3750-4015/4035 condors for 1.50, SPX at 3887, IV 23.7%, deltas -.06 + .06

VXX Calls

Continuing selling for next week as all my short VXX calls for today are looking like they will expire.
Sold VXX May 27 2022 28.0 Calls at $0.54 and $0.58

QYLD

#shortputs
20 MAY 2022 17.5 PUT @.03

TSLA

Open May-27-22 580/550/500 unbalanced put BWB, $4.2 credit

Breakeven 533, seems there is a decent support around 540.

SPX stopped again

#SPX1dte Bought to Close $SPX May 20th 3800/3780 put spreads for 4.45. Condors sold yesterday for 1.65.

Rough week, with two stops on the put side, both with relentless down moves with little bounce opportunities. Wednesday turned out to be a 4% down day so I couldn’t risk waiting for a bigger bounce today. It’s already a dollar cheaper than my fill.

VXX Calls

Starting in on next week
Sold 1 VXX May 27 2022 27.5 Call at $0.79

XBI

#ShortPuts – Was going to take stock here at a basis around 71 but decided to roll again since premium is decent.

Rolled XBI MAY 20 2022 70.0 Put to MAY 27 2022 70.0 Put @ 1.42 credit (4.42 total now)
Rolled XBI MAY 20 2022 72.0 Put to JUN 17 2022 72.0 Put @ 2.65 credit (5.85 total now)
Rolled XBI MAY 20 2022 74.0 Put to JUN 17 2022 74.0 Put @ 2.00 credit (5.05 total now)
Rolled XBI MAY 20 2022 76.0 Put to JUN 17 2022 76.0 Put @ 1.42 credit (4.62 total now)
Rolled XBI MAY 20 2022 78.0 Put to JUN 17 2022 78.0 Put @ 1.00 credit (4.15 total now)
Rolled XBI MAY 20 2022 80.0 Put to JUN 17 2022 80.0 Put @ .72 credit (3.85 total now)

SPY and QQQ

Added a tiny bit of SPY at $384.58, a new yearly low. My next buy point in this account is 5 points lower.
Added a tiny bit of QQQ at $282.48.
#FallingKnife

ARKK NVDA SOXL SPY

#CoveredCalls – Another round.

ARKK:
Bought to Close ARKK MAY 20 2022 45.0 Calls @ .05 (sold for 1.28)
Sold ARKK MAY 27 2022 45.0 Calls @ .95

NVDA: Earnings next week.
Bought to Close NVDA MAY 20 2022 190.0 Calls @ .05 (sold for 4.40 and 4.46)
Sold NVDA MAY 27 2022 185.0 Calls @ 3.75

SOXL:
Bought to Close SOXL MAY 20 2022 21.5 Calls @ .05 (sold for .80)
Sold SOXL MAY 27 2022 22.5 Calls @ .55

SPY: Sold the new call yesterday.
Bought to Close SPY MAY 20 2022 405.0 Call @ .05 (sold for 7.40)

T2108

Currently 13.50

SPY,

STO, June 15, 420/430 call spread at .77

VXX Puts

Lightening up a bit more on the lowest premium sells from Monday’s put sales.
Bought to close VXX May 20 2022 25.0 Puts at $0.09 and $0.08.
Sold at $0.23.

Edit:
Covered more.
Bought to close VXX May 20 2022 25.0 Puts at $0.07 and $0.06. Sold at $0.27.
Bought to close VXX May 20 2022 25.0 Puts at $0.05 and $0.04. Sold at $0.32.
Bought to close VXX May 20 2022 Put at $0.03 and $0.02. Sold at $0.35 and $0.39.

Letting the rest expire this afternoon unless we have a big market move that forces VXX down again.

SPX 1-dte

#SPX1dte Sold to Open $SPX May 20th 3780/3800-4050/4070 condors for 1.50, SPX at 3924, IV 37.15%, deltas -.06 +.06

VXX Puts

Lightening up just a bit on the lowest premium sells from Monday’s put sales with the VIX and VXX falling again
Bought to close VXX May 20 2022 25.0 Puts at $0.09 and $0.07. Sold at $0.23.

I also have short puts at 23.5, 24.0 and 24.5 which I’m guessing will expire tomorrow.
#VXXContango

TQQQ Covered Call

Getting a jump on next week.
Sold 1 TQQQ May 27 2022 34.0 Covered Call at $0.38

SPX puts closed

#SPX1dte Bought to close $SPX May 19th 3780/3760 put spreads for .15. Condors sold yesterday for 1.20.

Now with a day job, I will likely be closing spreads early for pennies more often than I used to, as I can’t watch the markets closely. In today’s case, not too concerned about upside risk, so only closed puts.

SPY TQQQ XBI

#CoveredCalls #LongStock – Some of each.

SPY:
Added a tiny bit pre market @ 386.06
Sold SPY MAY 27 2022 395.0 Call @ 5.03 (covered replacing this week’s)

TQQQ: Covered.
Bought to Close TQQQ MAY 20 2022 33.0 Calls @ .05 (sold for .84)
Sold TQQQ MAY 27 2022 32.0 Calls @ .75

XBI: Covered.
Sold XBI MAY 27 2022 72.0 Calls @ .90
Sold XBI MAY 27 2022 73.0 Calls @ .85

LABU Put Rollouts

Bought to Close 1 LABU May 20 2022 7.0 Put at $1.26 Sold last week on a roll at $1.46
Sold to Open 1 LABU May 27 2022 7.0 Put at $1.43 for a $0.17 Credit.

Bought to Close 1 LABU May 20 2022 8.0 Put at $2.26. Sold last week on a roll at $2.61
Sold to Open 1 LABU May 27 2022 8.0 Put at $2.33 for a $0.07 Credit.

Bought to Close LABU May 20 2022 9.0 Puts at $3.02. Sold last week on a roll at $3.31
Sold to Open LABU May 27 2022 9.0 Puts at $3.05 for a $0.03 Credit.

Waiting to see if my short LABU 6.0, 5.5, 5.0 and 4.5 Puts expire tomorrow

TQQQ,

I have to admit that I am finding it hard to make any money on the TQQQ. There is not much premium on selling calls and I don’t want to sell puts since I don’t know how far the FED will go. At least I am not loosing money but not making much either. Good luck to everyone.

KOLD Puts

Rolled another one down for next month. Hedged with long November Puts
Bought to close 1 KOLD May 20 2022 7.0 Put at $0.95. Originally sold at $1.24.
Sold to Open 1 KOLD Jun 17 2022 6.0 Put at $1.15 for a $0.20 Credit plus another point lower.

Also:
Rolled out 1 KOLD May 20 2022 10.0 Put to next month for a $0.30 Credit
Rolled out 1 KOLD May 20 2022 9.0 Put to next month for a $0.35 Credit

SPY

#ShortPuts #LongStock – Small adds.

Sold SPY JUN 10 2022 375.0 Put @ 4.20

Bought tiny bits of SPY stock at:

396.25
394.25
391.25

SPX 1-dte

#SPX1dte Sold to Open $SPX May 19th 3760/3780-4030/4050 condors for 1.20, SPX at 3916, IV 37%, deltas -.06 +.06.

Premium kind of disappointing for such a volatile day, but I’m guessing it may have something to do with this being the first Thursday expiration.

VXX Calls

Last calls for this week.
All my long VXX calls are now written against.
Sold 1 VXX May 20 2022 26.5 Call at $0.32
Sold VXX May 20 2022 27.0 Calls at $0.24
#OnlySpreads

T2108,

Where is it today, please?

SPX stopped

#SPX1dte Not much relief from today’s drop, but got out on a slight bounce.

Bought to close $SPX May 18th 3965/3945 put spreads for 6.00. Condors sold yesterday for 1.60.

WMT and TGT Stocks

Couldn’t resist dipping my toe in with tiny buys
Bought WMT at $122.00
Bought TGT at 159.00
At least both pay a dividend
#SP500 #FallingKnife

VXX Calls

Sold a few more
Sold VXX May 20 2022 26.5 Calls at $0.24, $0.26 and $0.27
Sold VXX May 20 2022 27.0 Calls at $0.19 and $0.21
Sold VXX May 20 2022 27.5 Calls at $0.16 and $0.17
Sold VXX May 20 2022 28.0 Calls at $0.13 and $0.14
#OnlySpreads

TQQQ Covered Calls

Sold TQQQ May 20 2022 34.0 Calls at $0.28

SOXL

#coveredcalls
btc 3 JUN 2022 29.5 CALL @.30/HAD STO .70 Yesterday
50% return 1 day/wait for next bump up.

LABU

#shortputs
STO 20 MAY 2022 5 PUT @.10

QYLD

#shortputs
STO 20 MAY 2022 18.5 PUT @.20

XBI

#CoveredCalls – Bought to Close XBI MAY 20 2022 78.0 Calls @ .05 (sold for 1.20)

SPY

#ShortPuts – Reloading after taking all these off yesterday.

Sold SPY JUN 17 2022 375.0 Put @ 4.25
Sold SPY JUN 17 2022 380.0 Put @ 5.00
Sold SPY JUN 24 2022 375.0 Put @ 4.75
Sold SPY JUL 1 2022 370.0 Put @ 4.75
Sold SPY JUL 15 2022 365.0 Put @ 5.61

SPX breakdown

#SPX1dte Significant spike down, and my stop hit when we went under 4000. Looking to close put side with first bounce.

TQQQ,

BTC May 27, 60 call at .01, sold at .80

SOXL

#coveredcalls
STO 3 JUN 2022 29.5 CALL @.70

VXX Fat finger?

At 3:54 VXX spiked over a point above it’s last trade then fell back to where it had been
Sold a few more of my short term calls that reacted to the move. Paired up with short puts sold on Monday.
Sold VXX May 20 2022 26.5 Calls at $0.22
Sold VXX May 20 2022 27.5 Calls at $0.15
Sold VXX May 20 2022 28.0 Calls at $0.12.
#OnlySpreads

SPX 1-dte

#SPX1dte Sold to Open $SPX May 18th 3945/3965-4160/4180 condors for 1.60, SPX at 4078, IV 29.2%, deltas -.06 +.07

SPX

#spxcalendar
STC SPX 4200 calendar, Friday/Monday expiration for 3.5.

Taking partial off for ~50%.

TNA Covered Call Ladder

Sold TNA May 20 2022 45.0 Calls at $0.49 and $0.54
Sold 1 TNA May 20 2022 44.0 Call at $0.77

HOOD lottery ticket update…

#BullPutSpreads – I know a couple followed me on this so a quick update.

Original trade: Sold HOOD MAY 20 2022 25.0/15.0 Bull Put Spreads @ 9.00

Risking 1 to make 9 if the stock took off. (it didn’t).

So on a bounce a few days ago figuring it would get sold:

Sold HOOD MAY 20 2022 10.0 Calls @ 1.00

If HOOD closes below 10 on Friday whole position goes away at even. If HOOD is above 10 but below 25 I’ll close the long put near end of day and take the double exercise assigned/called away at 10 for breakeven. The stock would really have to see some good news for me to even consider rolling the 10 strike short calls and keeping the stock.

SPY

#LongStock – Selling my 2 cheapest lots. Bought for 386.00 and 388.00

Sold SPY stock @ 406.61

Still holding some covered at 405.00 for this Friday with a basis around 395.00

SPY

#ShortPuts – Taking a few on the little bounce.

Bought to Close SPY MAY 27 2022 390.0 Put @ 2.23 (sold for 4.50)
Bought to Close SPY JUN 3 2022 385.0 Put @ 2.54 (sold for 4.40)
Bought to Close SPY JUN 10 2022 370.0 Put @ 1.65 (sold for 5.00)
Bought to Close SPY JUN 17 2022 375.0 Put @ 3.26 (sold for 5.50)
Bought to Close SPY JUN 24 2022 360.0 Put @ 2.12 (sold for 5.00)
Bought to Close SPY JUN 30 2022 350.0 Put @ 1.83 (sold for 4.95)
Bought to Close SPY JUL 15 2022 340.0 Put @ 2.18 (sold for 5.00)

VXX

A few calls sold against the puts I sold yesterday
Sold VXX May 20 2022 27.0 Calls at $0.16
Sold VXX May 20 2022 27.5 Calls at $0.14
Sold VXX May 20 2022 28.0 Calls at $0.11
Sold VXX May 20 2022 28.5 Calls at $0.10

XBI

#CoveredCalls – Not doing much. Enjoying the volatility collapse.

Sold XBI MAY 27 2022 76.0 Calls @ .80

TQQQ,

STO December 60 call at 1.40

TQQQ Covered Call Ladder

Sold TQQQ May 20 2022 32.0 Calls at $1.61 and $1.81
Sold 1 TQQQ May 20 2022 33.0 Call at $1.30
Sold TQQQ May 20 2022 34.0 Calls at $0.63
Sold TQQQ May 20 2022 35.0 Calls at $0.39

They’re building it, so I came

#Update
Well, I stayed out of Hollywood for over 13 years, but they dragged me back in. I’m back in LA to work on the TV series version of Field of Dreams. Just started today and it will last until end of the year. I am going to keep my #SPX1dte strategy going as best I can but won’t be able to post all of my trades or keep the site updated every day.

For instance, today my Friday trade expired worthless but I wasn’t able to place a trade for tomorrow.

Keep Options Bistro going with all of your Posts!

-Jeff

SOXL

#coveredcalls
BTC 27 MAY 2022 28 CALL @.25/ STO .63 on 5/13
2 DAYS +50%
wait on next bump up.
—————
SOXL
#shortputs
STO 20 MAY 2022 18.5 PUT @.39

TQQQ,

STO December 16, 60 call at 1.40 for a partial fill

TWTR

Added a bit at $37.50
Now below where it was before Elon’s offer.
Did Musk lie again???
#SP500 #FallingKnife

2022-05-16_10-26-04

SPX

#spxcalendar
BTO SPX 4200 calendar, friday/monday expiration for 2.4

4150 might be a better strike, but my confidence is not high enough to put up with that $ amount risk.

My last week’s try at that strike ended up as 50% loss. flipped the trade into a BF expiring today, to take the premium in the long 4150 call off the table. looks like it will be worthless.

TSLA 600?

opened May-27-22 630/600/540 3/2/1 BWB @5 credit.

VXX Put Spreads

Bought to Open VXX Jan 20 2023 8.0 Puts / Sold to Open VXX May 20 2022 24.5 Puts at $0.06 Net Credit
Bought to Open VXX Jan 20 2023 7.0 Puts / Sold to Open VXX May 20 2022 24.0 Puts at $0.03 Net Credit
Long DTE = 249
Short DTE = 4
#VXXContango

KOLD Puts

Rolled some down for next month. Hedged with long November Puts
Bought to close 1 KOLD May 20 2022 8.0 Put at $1.30. Originally sold at $1.57.
Sold to Open 1 KOLD Jun 17 2022 7.0 Put at $1.45 for a $0.15 Credit plus another point lower.

NFLX,

BTC June 17, 160/150 put spread at 1.50 that I sold at.2.10 because I just don’t like the market and other than Iceman, no one seems to be doing much in the market.

TNA Calls

Sold TNA May 20 2022 46.0 Calls at $0.28 and $0.36, replacing calls that expired Friday

BBY Stock

Added a tiny bit of BBY at $82.12, a new low.
P/E = 8.51, Dividend Yield = 4.08%
#SP500 #FallingKnife

TWTR EA Stocks

In January I bought some TWTR at $40.00 and sold it in April at $50.50.
Re-buying a tiny bit at $39.00, a new low since the takeover bid.

Also, selling my highest cost lot and half of my tiny position in EA at $126.27. Bought on 03/15/2022 at $118.00.

LABU Puts

Sold LABU May 20 2022 4.5 Puts at $0.15, replacing strike 5.0 puts that expired Friday

VXX Puts

Sold a few of these against June 03 and June 17 long puts at 20.
Sold VXX May 20 2022 25 Puts at $0.31, $0.32, $0.35 and $0.39
Sold VXX May 20 2022 24.5 Puts at $0.14, $0.16 and $0.22
Replacing VXX Puts the expired Friday
#VXXContango

SOXL

#coveredcalls
STO 27 MAY 2022 28 CALL @.63

OptionsExpiration

Nice end to the week 🙂

EXPIRED:
LABU 5.0 Puts

TNA 40.0 Calls
TNA 41.0 Calls
TNA 43/44/45 Covered Calls
TNA 50.0 Calls
TNA 70/50.5 Bear Call Spreads

TQQQ 34/35/36 Covered Calls
TQQQ 60.5/38 Bear Call Spreads
TQQQ 56.5/38 Bear Call Spreads
TQQQ 56/37 Bear Call Spreads
TQQQ 55.5/37 Bear Call Spreads

VXX 29.0 Calls
VXX 29.5 Calls
VXX 30.0 Calls
VXX 30.5 Calls
VXX 38/31 Bear Call Spreads
VXX 37/32 Bear Call Spreads
VXX 36/33 Bear Call Spreads
VXX 24.5 Puts — #VXXContango

ASSIGNMENTS:
None

SPX 1-dte

#SPX1dte Sold to Open $SPX May 16th 3855/3875-4130/4150 condors, SPX at 4019, IV 22.7%, deltas -.06 +.06

TNA Calls Rolled up

Bought to close TNA May 13 2022 39.0 Calls / Sold to Open TNA May 20 2022 44.0 Calls at $0.07 Net Credit plus a 5 point higher strike.
TNA is up almost 10% today.
This is the only roll for this week except for the LABU puts that I rolled this morning.

dead cat

TQQQ Calls Closed

Bought to close TQQQ May 13 2022 33.0 Calls at $0.01. Sold on a scalp trade yesterday at $0.21 and $0.22.
Releasing a bit of margin to resell for next week.

SPX stopped

#SPX1dte Bought to close $SPX May 13th 4050/4070 call spreads for 3.35. Condors sold yesterday for 1.65.

TNA Call

Starting on next week
Sold 1 TNA May 20 2022 46.0 Call at $0.36

VIX and Markets

The VIX has rolled over from a 6 day run to the mid 30’s and is now below 30 for the first time since 5/5.
I’m guessing that if it closes below 30 that this market has turned the corner for now.
I’m way ahead of the Bistro VIX indicator but I trade VIX based options every day and it gives me a good feel about it’s movements.
JMHO

IEk6ae43

extreme fear may 12

TNA Scalp

Sold TNA May 13 2022 41.0 Calls at $0.14 and $0.18.
I may have to roll up my earlier scalp on the strike 39.0 Calls but it’s worth it because my stock position is up. 🙂

NFLX put spread

Sold to open $NFLX Jun 17 160/150 bull put spread @ 2.03

MNST Stock

Liquidating a profitable stock position to raise some cash for the next downswing.
Sold out of my MNST position at $87.59. Bought on 02/23/2022 at $80.00 and again on 03/08/2022 at $74.21