SPY

My short SPY Aug 10 2022 405.0 Put expired, leaving a (fully paid for) long put I will write against tomorrow
#OptionsExpiration

SPX 1-dte

#SPX1dte After the closing bell, sold to open $SPX Aug 11th 4115/4135-4270/4290 condors for 1.20, IV 18.9%, deltas -.06 +.06

GOOGL Put / SPX Trade

#shortputs
$GOOGL STO 8/19 118.50 at 1.50

#spx1dte
BTC 8/10 $SPX 4230/4210 call side at .40. STO at .96. Put side expired. STO at .76. Frightening without @jeffcp66

Stocks

Tiny trades:
Sold my highest and oldest lot of XYL at $100.40 (near a 6-month high). Bought on 02/03 at $93.29
Sold half my TFC at $50.77 (near a 3-month high). Bought on 05/02 at $48.22. Holding the rest at $45.64.
Sold some HBAN at $13.92 (near a 3-month high). Bought on 05/12 at $12.61.
#FormerFallingKnife #RaisingCash

TTD roll up

With the huge post-earnings move (stock up over 33%), rolled Sep 16 45 puts up to 65 puts @ 3.20 credit. Position is now a short 65 straddle, with 7.31 total credit taken in.

NVDA SPY

#ShortPuts – A few.

NVDA: I’ll do the roll down next week into earnings if needed.

Rolled NVDA AUG 12 2022 185.0 Put to NVDA AUG 19 2022 185.0 Put @ 1.30 credit (5.30 total now)

SPY: Taking these a couple days early.

Bought to Close SPY AUG 12 2022 397.5 Put @ .06 (sold for 9.70)
Bought to Close SPY AUG 12 2022 400.0 Put @ .09 (sold for 3.05)

TTD earnings strangle

Borrowing an idea from TastyTrade. Sold $TTD Sep 16 45/65 strangle @ 4.11. Earnings after the bell today.

SPX trades

#SPX1dte No trade for tomorrow as I will be traveling and don’t want to tangle with the CPI report release (inflation for July).

Expected to expire today: $SPX Aug 9th 4055/4075-4205/4225 condors, sold yesterday for 1.30

UVXY vs. VXX

The idea of the #VXXContango trades was that VXX was a wasting asset that was bound to lose value over time from the contango losses that happened when VIX futures contracts were rolled forward each month.

However, VXX appears to be broken due to Barclay’s having issued many more shares than they were allowed. As such, I’m switching this strategy over to UVXY as it tracks the VIX index more closely and has a more predictible contango loss.

My first trade in this name in a while:
Bought to Open UVXY Dec 16 2022 4.0 Puts at $0.17
Sold to Open UVXY Aug 12 2022 9.5 Puts at $0.20 for a $0.03 Credit for the first week.
Long DTE = 129
Short DTE = 3
#UVXYContango

TQQQ

#ShortPuts – A few more.

Sold TQQQ AUG 12 2022 36.0 Puts @ 1.53
Sold TQQQ AUG 12 2022 37.0 Put @ 2.35

VXX Diagonal Calls

Bought VXX Sep 02 2022 29.0 Calls at $0.22
Sold to Open VXX Aug 12 2022 23.0 Calls at $0.24 for a $0.02 Credit for the first week.
If the market makes it’s late week run higher like the last several week’s, the short will expire.

No VXX puts so far this week.

SPX trades

#SPX1dte Sold to Open $SPX Aug 9th 4055/4075-4205/4225 condors for 1.30, SPX at 4141, IV 18.84%, deltas -.07 +.05

Expiring: Aug 8th 4055/4075-4215/4235 condors, sold Friday for 1.45.

Looking to close the other half of #SX5dte Aug 10th call spread before SPX trading stops at 4:15 ET

#spx5dte

VXX Calls

Writing against old long calls
Sold VXX Aug 12 2022 23.0 Calls at $0.16, $0.17 & $0.18
Sold VXX Aug 12 2022 23.5 Calls at $0.11 & $0.12
Sold VXX Aug 12 2022 24 Calls at $0.09 &$0.11
#DoubleDip #OnlySpreads

SPY Diagonal Puts

Haven’t traded SPY for a while. Since my positions in TQQQ and TNA are so damn strong I’m trying a bit of an offset
Bought to Open 1 SPY Aug 19 2022 390.0 Put at $0.80
Sold to Open 1 SPY Aug 12 2022 401.0 Put at $0.84 for a $0.04 Credit for the first write.
Bought to Open 1 SPY Aug 17 2022 395.0 Put at $0.93
Sold to Open 1 SPY Aug 10 2022 405.0 Put at $0.99 for a $0.06 Credit for the first write.

SPX 5-dte

#SPX5dte Sold to close HALF of my position, $SPX Aug 10th 4160/4180 call spreads for 12.00, at 7:44 PT when SPX was at 4182. Bought for 7.00 on Friday.

Planned to hold the rest for more, but then we dropped pretty sharply. Hope this isn’t another head-fake Upside Warning, but it definitely could be, given the uncertainty in the economy.

SPY

Seems like a logical place for SPY to stop for a while. But I’m often wrong 🙂

Untitled

Stocks

Tiny trades:
Sold my highest and oldest remaining lot of SPY at $417.01 (near a 3-month high). Bought on 05/11 at $393.00
Sold half my HD at $311.86 (near a 3-month high). Bought on 04/06 at $298.00. Holding the rest bought at $268.00.
Sold half my IEX at $213.12 (near a 6-month high). Bought on 02/11 at $190.95. Holding the rest bought at $181.40.
Sold some of my PENN at $37.36 (near a 3-month high). Bought on 04/11 at $35.92
Sold some BEN at $28.04 (near a 3-month high). Bought on 05/02 at 24.53
#FormerFallingKnife #RaisingCash

EWZ

#BullPutSpreads – Not a lot of premium in these so not really interested in owning it. Taking advantage of the bounce to get out with a little profit.

Bought to Close EWZ AUG 19 2022 33.0/30.0 Bull Put Spreads @ 1.98 (sold for 2.40)

NVDA,

STO September 16, 150 put at 3.39

TNA TQQQ TLRY Calls

Sold to close TNA Aug 12 2022 45.0 Calls at $2.60. Bought on 7/13 at $0.32
Sold to close TNA Aug 12 2022 47.0 Calls at $1.41. Bought on 7/20 at $0.51 and $0.68
Sold to close TQQQ Aug 12 2022 37.0 Calls at $0.76. Bought on 7/20 at $0.31

Sold to open TLRY Aug 19 2022 6.0 Covered Calls at $0.04
Sold to open TLRY Aug 19 2022 6.5 Covered Calls at $0.03

NVDA

#CoveredCalls – Rolling down for additional premium. Earnings Aug 24th.

Rolled NVDA AUG 12 2022 190.0 Calls to AUG 12 2022 175.0 Calls @ 5.00 credit (6.95 total now)
Rolled NVDA AUG 12 2022 190.0 Calls to AUG 12 2022 177.5 Calls @ 3.75 credit (5.75 total now)

Upside Warning in Effect

#VIXIndicator An Upside Warning took effect on Friday after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. This could mean higher prices in coming days or weeks.

Here is data on last several Upside Warnings. The only one in 2022 completely failed, and overall the signal has not performed as strongly since 2020.

Mar 29, 2022: (failed) close on that day: 4631. SPX did not go higher. UpW was canceled after 6 trading days
Dec 27, 2021: close on that day: 4791. Subsequent high was 4818 on Jan 4. 6 trading days, +0.6%
Oct 18, 2021: close on that day: 4486. Subsequent high was 4743 on Nov 22. 14 trading days, +5.7%
Aug 25, 2021: close on that day: 4496. Subsequent high was 4595 on Sep 2. 6 trading days, +1.1%
Aug 13, 2021: (headfake) close on that day: 4468. Subsequent high was 4480 the next day. Canceled the day after that.
May 28, 2021: close on that day: 4204. Subsequent high was 4393 on July 7. 31 trading days, +4.5%
Mar 15, 2021: close on that day: 3969. Subsequent high was 4238 on May 7. 40 trading days, +6.8%
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%

OptionsExpiration

Rolled out and up(in some cases) all my TNA and TQQQ Covered and Diagonal short calls for small credits. Rolled all my LABU Calls earlier.

What’s left (not much) expired:
SLV 15/18 Bull Put Spreads

TLRY 5.0 Covered Calls

VXX 33/24.5 Bear Call Spreads
VXX 24.0 Diagonal Calls
VXX 23.5 Diagonal Calls
VXX 20.5 Diagonal Puts — #VXXContango

SPX trades

#SPX5dte Bought to Open $SPX Aug 10th 4160/4180 call spreads for 7.00.

Since an Upside Warning looks likely to fire at today’s close, I am going short-term bullish and only buying a call spread rather than a condor. I will look to close this Monday or Tuesday on any significant rise in SPX. The inflation number for July will be released on the 10th (Wednesday), so volatility should increase on these options and hopefully boost the price as well.

Current IV on the Aug 10th SPX option chain is 18.25%

#spx1dte

SPY TLT

#ShortPuts #CoveredStraddles – A few more.

SPY: Aggressive add. Come and get it Mr. Market.

Sold SPY AUG 19 2022 410.0 Put @ 5.00

TLT: Long covered stock at 117 strike. Selling puts to set up some covered straddles.

Sold TLT AUG 19 2022 117.0 Puts @ 2.20

LABU Rollout and multiple Rollups

This ETF continues it’s remarkable run this week
Bought to close LABU Aug 05 2022 9.0 Covered Calls / Sold to Open LABU Aug 12 2022 9.0 Covered Calls at $0.15 Credit
Bought to close LABU Aug 05 2022 9.5 Covered Calls / Sold to Open LABU Aug 12 2022 10.0 Covered Calls at $0.02 Credit

Bought to close LABU Aug 05 2022 9.5 Diagonal Calls / Sold to Open LABU Aug 12 2022 10.0 Diagonal Calls at $0.02 Credit
Bought to close LABU Aug 05 2022 10.0 Diagonal Calls / Sold to Open LABU Aug 12 2022 10.5 Diagonal Calls at $0.20 Credit
Bought to close LABU Aug 05 2022 10.5 Diagonal Calls / Sold to Open LABU Aug 12 2022 11.0 Diagonal Calls at $0.30 Credit (while taking a gain on this week’s calls sold yesterday)

NVDA SPY TSLA TQQQ

#ShortPuts #CoveredCalls #JadeLizards – A few today.

NVDA: Put selling and covered rolling. Earnings on the 24th.

Bought to Close NVDA AUG 5 2022 182.5 Put @ .05 (sold for 5.00)
Sold NVDA AUG 12 2022 185.0 Put @ 4.00

Rolled NVDA AUG 5 2022 185.0 Calls to AUG 12 2022 190.0 Calls @ .75 credit

SPY: Re-loading.

Bought to Close SPY AUG 5 2022 402.5 Put @ .05 (sold for 2.50)
Bought to Close SPY AUG 5 2022 405.0 Put @ .05 (sold for 3.25)

Sold SPY AUG 19 2022 405.0 Put @ 4.00
Sold SPY AUG 19 2022 407.5 Put @ 4.30
Sold SPY AUG 19 2022 407.5 Put @ 4.75

TSLA: Closing call side of the Lizard to save a couple extra bucks and rolling put side up for more credit. Leaving just the short put. Original lizard sold for 15.25.

Bought to Close TSLA AUG 19 2022 800/815 Bear Call Spread @ 12.75 debit
Rolled TSLA AUG 19 2022 650.0 Put to AUG 19 2022 750.0 Put @ 2.55 credit

Position is now short the 750 put @ 5.05

TQQQ: Re-loading.

Bought to Close TQQQ AUG 5 2022 33.0 Puts @ .05 (sold for 1.60)

Sold TQQQ AUG 12 2022 34.0 Puts @ 1.20
Sold TQQQ AUG 12 2022 34.5 Puts @ 1.41
Sold TQQQ AUG 12 2022 35.0 Puts @ 1.62

SPX 1-dte

#SPX1dte In pre-market, after the jobs report and spike down, sold to open $SPX Aug 5th 4060/4040 put spreads for 1.10.

Delta -.07 at time of fill.

July Jobs report

#Jobs — Doubling expectations and defying recession fears; earnings up strongly

Gain of +528,000 non-farm payroll jobs, vs. expected gain of 268K
Unemployment at 3.5%, down by 0.1
U6 unemployment 6.7%, unchanged
Labor force participation 62.1%, down by 0.1
Average hourly earnings up strongly by 0.5%; 5.2% increase over the year

May jobs revised up by +2K to +386K
June jobs revised up by +26K to +398K

SPX trades

#SPX5dte After the close, Sold to close $SPX Aug 5th 4130/4150 call spreads for 13.40. With puts closed this morning that’s 18.15 in total credit, so .95 profit on the trade. Didn’t want to risk overnight gap or jobs report before tomorrow’s open.

#SPX1dte Expiring: Aug 4th 4055/4075-4220/4240 condors, sold yesterday for 1.15.

Waiting for after jobs report to sell tomorrow’s 1-dte.

VXX

NAV As of Aug-3-2022 $17.759 but trading at 21.63
Bought to open some throwaway long VXX Sep 16 2022 14.0 Puts at $0.01 to use for future #VXXContango writes.

Markets

50 new 12-month highs and 50 new 12-month lows

SPX 5-dte

#SPX5dte Sold to close $SPX Aug 5th 4120/4100 put spreads for 4.75. Condors bought for 17.20 on Monday. Looking for an afternoon rally higher so I can sell the call side before tomorrow’s job report.

Stocks

Tiny Trades:
Sold out of my position in PH at $294.64 (near it’s 3-month high). Bought on 03/08/2022 at $270.00.
Sold out of my position in NEE at $87.52 (near it’s 6-month high). Bought on 05/02/2022 at $69.00.
Sold out (in one account) my position in XYL at $98.26 (near it’s 6-month high). Bought on 05/02/2022 at $80.00.
Sold my oldest and highest lot of TT at $154.20 (near it’s 3-month high). Bought on 02/23/2022 at $149.00.
Sold out (in one account) my position in SBUX at $87.96 (near it’s 3-month high). Bought on 05/10/2022 at $71.97.
Sold half of my APD at $256.45. Bought on 03/04/2022 at $228.00.
#FormerFallingKnife #RaisingCash

LABU Calls

Sold LABU Aug 05 2022 10.0 Diagonal Calls at $0.28

Ramie Bidu Trade

#earnings #bups
Thank you @ramie77 for the post earnings trade idea.
BTC 8/19 55/60 BUPS at .35. STO at 1.65 on 7/29.

SPX 1-dte

#SPX1dte Sold to Open $SPX Aug 4th 4055/4075-4220/4240 condors for 1.15, SPX at 4158, deltas -.06 +.05

Stocks

Getting back to even on my highest cost lot of EBAY. Sold at $50.00. Bought on 05/05/2022 at $49.16.
Still holding lots bought at $45.34 and $41.81 for a bit longer.
Sold another lot of QQQ at $323.35. Bought on 06/16/2022 at $273.34.
Sold my oldest lot of MCHP at $73.36. Bought on 04/27/2022 at $63.52
Sold the last of my BLK at $687.95. Bought on 05/02/2022 at $620.00
#RaisingCash

Added:
NEM at $44.00 Div = 4.91%
SWK at $93.55 Div = 3.4%
#FallingKnife #SP500

TNA Diagonal Spreads

Bought 1 TNA Sep 02 2022 55.0 Call / Sold to Open 1 TNA Aug 05 2022 46.0 Call at $0.02 Net Credit for the first week.
Bought 1 TNA Sep 02 2022 51.0 Call / Sold to Open 1 TNA Aug 05 2022 44.5 Call at $0.03 Net Credit for the first week. (slightly in the money on this short)
#OnlySpreads

SPX stopped

#SPX1dte Bought to close $SPX Aug 3rd 4170/4190 call spreads for 2.05. Condors sold yesterday for 1.35.

TQQQ Diagonal Spread

Bought TQQQ Sep 02 2022 42.0 Calls / Sold to Open TQQQ Aug 05 2022 34.5 Calls at $0.36 Net Credit for the first week.
#OnlySpreads

#coveredcalls LABU sto 12 AUG…

#coveredcalls
LABU
sto 12 AUG 2022 10 CALL @.25

LABU Calls

Sold LABU 08/05/2022 9.5 Diagonal Calls at $0.15.
I was early 😦

SPX 1-dte

#SPX1dte Before the close, Sold to Open $SPX Aug 3rd 3990/4010-4170/4190 condors for 1.35, SPX at 4095, deltas -.06 +.06

Expired: Aug 2nd 4015/4035-4185/4205 condors, sold yesterday for 1.40.

#rolling SOXL STO 12 AUG…

#rolling
SOXL
12 AUG 22/5 AUG 2022 20.5 PUT @.56 credit
12 AUG 22/5 AUG 2022 20 PUT @.54 credit

LABU Calls

Sold LABU 08/05/2022 9.0 Covered Calls at $0.15
Sold LABU 08/05/2022 9.0 Covered Calls at $0.20
Sold LABU 08/05/2022 9.5 Diagonal Calls at $0.10

Closing ROKU

Bought to close $ROKU Aug 19 60/55 bull put spread @ .47. Sold for 1.50 on 7/29.

NVDA

#ShortPuts – Sitting on some 185 strike covered calls this week. Just to make it more interesting adding a short put. AMD earnings tonight so slightly elevated IV in NVDA.

Sold NVDA AUG 5 2022 182.5 Put @ 5.00

VXX Calls

Sold VXX Aug 05 2022 24.5 Calls at $0.09

Stocks

Late day fills:
Sold another lot of SPY at $413.03 (near a 1-month high). Bought on 05/12/2022 at $389.58
Sold my oldest lot of MMM at $143.72. Bought on 06/10/2022 at $138.00. Still holding lots at $131.12 and $128.00 for the 4% Dividend.
#FormerFallingKnife #RaisingCash

EPAM LRCX

Selling my last two lots of EPAM at 364.65 (near it’s 3-month high)
Bought on 02/28/2022 at $203.00 and on 03/07/2022 at $183.00. This company has(had) significant operations in Ukraine. These buys were pure speculation as the war broke out and turned into one of my best gains.
No Dividend. #RaisingCash

Sold my second lot of LRCX at $506.01. Bought on 04/12/2022 at $466.00.
Leaves one more lot at $409.10 that I will hold a bit longer
#FormerFallingKnife

SPX trades

#SPX1dte Sold to Open $SPX Aug 2nd 4015/4035-4185/4205 condors for 1.40, SPX at 4117, IV 21.75%, deltas -.06 +.06

Expiring worthless: Aug 1st 4025/4045-4175/4195 condors, sold this morning for 1.20.

#SPX5dte Expiring with max credit of 20.00: Aug 1st 4040/4060 call spreads. Put side sold for 1.25 on Friday. Condors bought for 17.25 on Wednesday, so 4.00 profit

#shortputs sto AUG 2022 397.5…

#shortputs
sto AUG 19 2022 397.5 PUT @3.51
followed fuzzballl
thank for idea

TNA TQQQ Diagonal Calls

Bought to open TNA Sep 02 2022 55.0 Calls / Sold to open TNA Aug 05 2022 46.0 Calls at $0.03 Credit for the first week
Bought to open 1 TNA Sep 02 2022 52.0 Call / Sold to open TNA Aug 05 2022 44.5 Call at $0.08 Credit for the first week

Also:
Sold to close TQQQ Aug 05 2022 36.0 Calls at $0.57. Bought on 07/13/2022 at $0.13.
Sold to close TNA Aug 05 2022 43.0 Calls at $1.87. Bought on 07/13/2022 at $0.31.

Stocks

Sold a lot of QQQ at $316.38 (near the 1 month high). Bought on 05/12/2022 at $287.48.
Sold my oldest and highest lot of DHI at $79.40 (near the 3 month high). Bought at $75.00 on 03/31/2022.
#FormerFallingKnife

Added a couple:
Bought PARA at $23.20. Div = 4.05%
Bought CINF at 96.36. Div = 2.83%
#SP500 #FallingKnife

ADBE SPY XBI

#ShortPuts #CoveredCalls – A few of each.

ADBE: Rolling put side of the Lizard up for additional credit. Still leaving a small window where both sides can win.

Rolled ADBE AUG 19 2022 360.0 Put to AUG 19 2022 380.0 Put @ 2.40 credit (380/390/395 @ 10.00 now)

SPY: New positions.

Sold SPY AUG 19 2022 397.5 Put @ 3.40
Sold SPY AUG 19 2022 397.5 Put @ 3.50
Sold SPY AUG 19 2022 400.0 Put @ 4.00

XBI: Spending the call premium received to get these back in play and picking up more upside.

Rolled XBI AUG 19 2022 74.0 Calls to SEP 16 2022 79.0 Calls @ 1.65 debit
Rolled XBI AUG 19 2022 74.0 Calls to SEP 16 2022 80.0 Calls @ 2.20 debit

VXX LABU

Starting off with Calls this morning:
Sold VXX Aug 05 2022 23.5 Calls at $0.11
Sold VXX Aug 05 2022 24.0 Calls at $0.09
Sold VXX Aug 05 2022 24.5 Calls at $0.07

Sold LABU Aug 05 2022 9.5 Covered Calls (partial fill) at $0.15

#vxxcontango

SPX 1-dte

#SPX1dte In pre-market, sold to Open $SPX Aug 1st 4025/4045-4175/4195 condors for 1.20, IV 34%, deltas -.06 +.05

OptionsExpiration

LABU 11/9.5 Bear Call Spreads
LABU 10/9.5 Bear Call Spreads
LABU 9.0 Diagonal Calls
LABU 9.0 Covered Calls
LABU 3/7 Bull Put Spreads

SLV 17.0 Diagonal Calls
SLV 15/16.5 Bull Put Spreads

VXX 35/24.5 Bear Call Spreads
VXX 34/23.5 Bear Call Spreads
VXX 33/23.5 Bear Call Spreads
VXX 23.5 Diagonal Calls
VXX 20.5 Diagonal Puts — #VXXContango
VXX 20.0 Diagonal Puts — #VXXContango

Stocks

Taking more gains near multi-month highs:
Sold my oldest and highest cost lot of SPY at $410.01. Bought on 05/09/2022 at $399.00
Sold my oldest and highest cost lot of LRCX at $491.00. Bought on 03/08/2022 at $480.00
Sold out my BR position at $161.50. Bought on 05/10/2022 at $136.36
Sold my 2 highest cost lots of CMI at $216.90. Bought on 11/30/2021 at $210.00 and on 02/24/2022 at $200.00
Sold my highest cost lot of GS at $330.01. Bought on 04/07/2022 at $315.00
Sold my highest cost lot of ROK at $250.00. Bought on 05/02/2022 at $248.00
Sold my highest cost lot of TEL at $132.97. Bought on 04/12/2022 at $123.00.
#FormerFallingKnife stocks

Added one:
Bought SWK at $95.58. Div = 3.25%
#SP500 #FallingKnife

TNA TQQQ Ladders rolled Out and Up

Some Calls Covered, some the short side of Diagonal Bear Call Spreads

Bought to close TQQQ Jul 29 2022 32.5 Calls / Sold to Open TQQQ Aug 05 2022 33.5 Calls at $0.22 Credit
Bought to close TQQQ Jul 29 2022 32.0 Calls / Sold to Open TQQQ Aug 05 2022 33.0 Calls at $0.02 Credit
Bought to close TQQQ Jul 29 2022 31.5 Calls / Sold to Open TQQQ Aug 05 2022 32.0 Calls at $0.15 Credit
Bought to close TQQQ Jul 29 2022 31.0 Calls / Sold to Open TQQQ Aug 05 2022 31.0 Calls at $0.40 Credit
Bought to close TQQQ Jul 29 2022 30.5 Calls / Sold to Open TQQQ Aug 05 2022 31.5 Calls at $0.07 Credit
Bought to close TQQQ Jul 29 2022 30.0 Calls / Sold to Open TQQQ Aug 05 2022 30.0 Calls at $0.25 and $0.37 Credit
Bought to close TQQQ Jul 29 2022 29.0 Calls / Sold to Open TQQQ Aug 05 2022 29.0 Calls at $0.25 Credit
Bought to close TQQQ Jul 29 2022 28.5 Calls / Sold to Open TQQQ Aug 05 2022 28.5 Calls at $0.11 Credit
Bought to close TQQQ Jul 29 2022 28.0 Calls / Sold to Open TQQQ Aug 05 2022 28.0 Calls at $0.08 Credit
Bought to close TQQQ Jul 29 2022 27.5 Calls / Sold to Open TQQQ Aug 05 2022 27.5 Calls at $0.02 Credit
Bought to close TQQQ Jul 29 2022 27.0 Calls / Sold to Open TQQQ Aug 05 2022 27.0 Calls at $0.03 Credit

Bought to close TNA Jul 29 2022 42.5 Calls / Sold to Open TNA Aug 05 2022 44.0 Calls at $0.29 Credit
Bought to close TNA Jul 29 2022 42.0 Calls / Sold to Open TNA Aug 05 2022 43.5 Calls at $0.03 Credit
Bought to close TNA Jul 29 2022 41.5 Calls / Sold to Open TNA Aug 05 2022 42.5 Calls at $0.44 Credit
Bought to close TNA Jul 29 2022 41.0 Calls / Sold to Open TNA Aug 05 2022 42.0 Calls at $0.29 Credit
Bought to close TNA Jul 29 2022 40.5 Calls / Sold to Open TNA Aug 05 2022 41.5 Calls at $0.21 Credit
Bought to close TNA Jul 29 2022 40.0 Calls / Sold to Open TNA Aug 05 2022 41.0 Calls at $0.04 Credit
Bought to close TNA Jul 29 2022 39.5 Calls / Sold to Open TNA Aug 05 2022 40.0 Calls at $0.33 Credit
Bought to close TNA Jul 29 2022 39.0 Calls / Sold to Open TNA Aug 05 2022 39.5 Calls at $0.20 Credit
Bought to close TNA Jul 29 2022 38.5 Calls / Sold to Open TNA Aug 05 2022 39.0 Calls at $0.05 Credit

QQQ,

STO August 19, 340/275 strangle at 1.05

SPY Jade Lizard

#JadeLizards – Trying something as an experiment. With the big run up the put side of the lizard is doing great. I’m closing it leaving enough premium in the overall position to still eliminate upside risk. There is now three weeks left so I’ll be looking for a decent pullback to sell the put side again.

Bought to Close SPY AUG 19 2022 370.0 Put @ .50

This leaves the 385/390 call spread @ 5.70

ISRG META NVDA SPY TQQQ

#ShortPuts #CoveredCalls – A few today.

ISRG: Rolling put side of Lizard up to a straddle. Breakeven still below the 50 day.

Rolled ISRG AUG 19 2022 195.0 Put to AUG 19 2022 215.0 Put @ 2.20 credit

Position now is 215/215/220 @ 9.20

META: Iron fly lottery ticket expiring. (.45 loss)

NVDA: Covered. Rolling out and up. Earnings still a few weeks away.

Rolled NVDA JUL 29 2022 177.5 Calls to AUG 5 2022 185.0 Calls @ even

SPY: Covered rolling. Still selling puts against these also.

Rolled SPY JUL 29 2022 383.0 Calls to AUG 19 2022 385.0 Calls @ .25 credit (3.80 total now)
Rolled SPY JUL 29 2022 383.0 Calls to AUG 19 2022 385.0 Calls @ .20 credit (12.90 total now)
Rolled SPY JUL 29 2022 385.0 Call to AUG 19 2022 387.0 Call @ .45 credit (5.50 total now)

New Positions:

Sold SPY AUG 5 2022 402.5 Put @ 2.50
Sold SPY AUG 5 2022 405.0 Put @ 3.25

Sold SPY AUG 12 2022 397.5 Put @ 2.50

Aggressive short put roll up for additional credit.

Rolled SPY AUG 12 2022 385.0 Put to SPY AUG 12 2022 400.0 Put @ 2.15 credit (10.25 total now)

TQQQ: Covered rolling and selling puts against it. Calendar short straddles?

Rolled TQQQ JUL 29 2022 30.5 Calls to AUG 19 2022 33.0 Calls @ even

Bought to Close TQQQ JUL 29 2022 30.5 Puts @ .05 (sold for 1.50)
Sold TQQQ AUG 5 2022 33.0 Puts @ 1.60

SPY 8/5

BTO $SPY Aug 5 410 calls @ 3.94 for a daytrade. Looking for what could be that long forgotten Friday afternoon rally we used to see so much of before 2022. Will close out on a pullback, but definitely before the end of the day regardless.

ROKU post earnings

Sold to open $ROKU 8/19 60/55 bull put spread @ 1.50

VXX Put Roll

#shortputs
$VXX BTC 7/29 21 put and STO 8/5 20.5 put at added credit of .10. Been rolling these since April against LEAP Put. Already paid for themselves plus lunch money during that period. Thank @optioniceman for this style. PS There is no free lunch (Disclaimer! 😉 )

SPX trades

#SPX1dte Came within a few pennies of my stop but I have to leave the computer so bought to close $SPX July 29th 4045/4065 call spreads for 1.75. Condors sold yesterday for 1.25

#SPX5dte Sold to close $SPX Aug 1st 4030/4010 put spreads for 1.25. Waiting for call spreads. Condors bought for 17.25 on Wednesday.

SPY

#ShortPuts – With a move like the one today just gotta take a few chips off the table.

Closing:

Bought to Close SPY JUL 29 2022 382.5 Put @ .12 (sold for 5.85)
Bought to Close SPY JUL 29 2022 385.0 Put @ .18 (sold for 2.85)
Bought to Close SPY JUL 29 2022 387.5 Put @ .08 (sold for 4.51)
Bought to Close SPY JUL 29 2022 387.5 Put @ .32 (sold for 3.80)
Bought to Close SPY JUL 29 2022 390.0 Put @ .10 (sold for 4.55)
Bought to Close SPY JUL 29 2022 392.5 Put @ .13 (sold for 4.80)
Bought to Close SPY JUL 29 2022 395.0 Put @ .19 (sold for 5.95)

Bought to Close SPY AUG 05 2022 387.5 Put @ .64 (sold for 11.15)

Scalps Today:

Bought to Close SPY AUG 5 2022 395.0 Put @ 1.43 (sold this morning for 3.20)
Bought to Close SPY AUG 5 2022 397.5 Put @ 1.95 (sold this morning for 4.25)
Bought to Close SPY AUG 5 2022 400.0 Put @ 2.53 (sold this morning for 5.65)
Bought to Close SPY AUG 5 2022 402.5 Put @ 3.32 (sold this morning for 7.00)

Downside Warning canceled

#vixindicator After 97 days, looks like the Downside Warning is canceled. Amazon’s earnings popped the market higher after the bell, driving the $VIX down below 22.34 (by a penny) before its official closing time at 4:15pm.

AAPL AMZN Weighting on S&P

From Bloomberg

They are only two stocks of the 500 but account for 10% of the movement. Both report tonight.

SPX 1-dte

#SPX1dte Sold to Open $SPX July 29th 3955/3975-4145/4165 condors for 1.25, SPX at 4072, IV 24.9%, deltas -.06 +.06

Selling in afternoon for first time in weeks, since volatility has calmed down.

#SPX #bearcallspreads Playing this rally…

#SPX #bearcallspreads

Playing this rally as a DCB:
STO SPX August 26th 2022 4125/4150 BECS @ 10.50

SPX stopped

#SPX1dte Bought to close $SPX July 27th 4080/4100 call spreads for 2.75. Condors sold this morning for 1.15.

Stocks

Taking some welcome gains after the pullbacks of the last month. All are right at multi-month highs.
Sold AVY at $185.99. Bought on 03/07/2022 at $160.00
Sold ROL at $37.69. Bought on 01/24/2022 at $31.00
Sold TYL at $390.00. Bought on 04/26/2022 at $380.00
Sold BF/B at $73.04. Bought on 09/30/2021 at $67.00 and on 01/24/2022 at $65.00
#FormerFallingKnife