Downside Warning canceled

#VIXindicator Another dud. This is becoming less reliable… need to find another signal to go with the $VIX highs that would indicate a more likely chance of downside follow through.

NVAX Call Roll / Expiration

#coveredcalls
$NVAX BTC 9/24 237.50 and STO 10/1 245 call at debit .40. Would gain $7.50 if called away. Stock at 248.16

#optionsexpiration
$PFE 44.5 call
$PFE 45 call
$BSX 45 call
$MSTR 615 call
$SNAP 73 put Thank you @jsd501
$MRVL 59 Put

OptionsExpiration

Exciting week, especially for VXX

==EXPIRED ==
AMC 09/24/2021 70/42 Bear Call Spread
AMC 09/24/2021 10/38 Bull Put Spread
AMC 09/24/2021 10/37 Bull Put Spread
AMC 09/24/2021 10/36 Bull Put Spread

LABU 09/24/2021 70/67 Bear Call Spread
LABU 09/24/2021 40/59 Bull Put Spread
LABU 09/24/2021 40/58 Bull Put Spread

SQQQ 09/24/2021 8.0 Covered Call

TLRY 09/24/2021 12.5 Diagonal Calls
TLRY 09/24/2021 12.5 Covered Calls
TLRY 09/24/2021 10/11 Diagonal Bull Put Spread
TLRY 09/24/2021 10.5 Diagonal Puts

TNA 09/24/2021 105/92 Bear Call Spread
TNA 09/24/2021 91.0 Diagonal Call

TQQQ 09/24/2021 165/150 Bear Call Spread
TQQQ 09/24/2021 120.0 Diagonal Puts

VXX 09/24/2021 59/41 Bear Call Spread
VXX 09/24/2021 58/37 Bear Call Spreads
VXX 09/24/2021 58/36 Bear Call Spreads
VXX 09/24/2021 35.0 Diagonal Calls
VXX 09/24/2021 34.5 Diagonal Calls
VXX 09/24/2021 34.0 Diagonal Calls
VXX 09/24/2021 33.5 Covered Call
VXX 09/24/2021 33.0 Covered Call
VXX 09/24/2021 32.5 Covered Call
VXX 09/24/2021 30.0 Covered Call

AMC TLRY VXX

Today’s Options Covered:
AMC Sep 24 2021 41.0 Call at $0.01
TLRY Sep 24 2021 12.0 Calls at $0.01
VXX Sep 24 2021 25.0 Puts at $0.01
VXX Sep 24 2021 24.5 Puts at $0.01

LABU TNA TQQQ Call Rolls

LABU 09/24/2021 61.0 Diagonal Call to LABU 10/01/2021 64.0 Call for $0.78 Credit
TNA 09/24/2021 88.0 Diagonal Call to TNA 10/01/2021 92.0 Call for $0.56 Credit
TNA 09/24/2021 87.0 Diagonal Call to TNA 10/01/2012 90.0 Call for $0.49 Credit
TQQQ 09/24/2021 142.0 Diagonal Call to TQQQ 10/01/2021 146.0 Call for $1.11 Credit
TQQQ 09/24/2021 141.0 Diagonal Call to TQQQ 10/01/2021 146.0 Call for $0.59 Credit

SPX trades

#SPX1dte Sold to Open $SPX Sep 27th 4355/4375-4500/4520 condors for 1.20, SPX at 4458, IV 9.2%, deltas -.06 +.09

Expiring: Sep 24th 4355/4375-4495/4515 condors, sold yesterday for 1.05

#SPX7dteLong Expiring at max credit of 20.00: Sep 24th 4330/4350 call spreads. Condors bought Monday for 18.20.

TQQQ Put Close

#shortputs
$TQQQ BTC 10/1 90 put at .07. STO on 8/17 @ 1.55. Thank you @jsd501

SPX

scaling out $SPX Sep-27-21 4430/Sep-24-21 4430 Put Calendar @ 9.0, 31%

TQQQ,

STO November 5, 95 put at 1.53

TQQQ,

BTC September 24, 100 put at .01, sold at 1.94

TQQQ

#ShortPuts – Booking and adding.

Bought to Close TQQQ OCT 1 2021 110.0 Put @ .25 (sold for 2.25)

Sold TQQQ NOV 5 2021 105.0 Put @ 2.70
Sold TQQQ NOV 5 2021 110.0 Put @ 3.15

HOOD

#ShortPuts #BullPutSpreads – Should have closed these yesterday but never had time. Booking now and moving out a couple weeks with new ones.

Bought to Close HOOD OCT 1 2021 38.0 Puts @ .40 (sold for .93)
Bought to Close HOOD OCT 1 2021 39.0 Puts @ .25 (sold for 1.25)
Bought to Close HOOD OCT 1 2021 45.0/40.0 Bull Put Spreads @ 1.95 (sold for 3.42)

Sold HOOD OCT 15 2021 38.0 Puts @ .95
Sold HOOD OCT 15 2021 39.0 Puts @ 1.25
Sold HOOD OCT 15 2021 40.0 Puts @ 1.65
Sold HOOD OCT 15 2021 41.0 Puts @ 2.00

Closing SPX

Bought to close Sep 24 4295/4320/4475/4500 iron condor @ .85. Sold for 4.15 Wednesday. Taking it off this morning to avoid risking another Friday afternoon rally.

SPX trades

#SPX7dte Bought to Open $SPX 4440/4460-4470/4490 condors for 15.95, with SPX at 4465.

#SPX1dte Sold to Open $SPX 4355/4375-4495/4515 condors for 1.05, with SPX at 4448, IV 11.9%, deltas -.06 +.07

SPX

BTO SPX Sep-27-21 4430/Sep-24-21 4430 Put Calendar @ 6.7, play for a possible pause.

LW Stock

Bought a bit of LW at a fresh 52-week low of $60.00
#SP500 #FallingKnife

LW has confirmed that earnings will be announced 10/07/2021

COST and NKE

#earningcalendar

BTO COST Oct-01-21 450/Sep-24-21 450 Put Calendar @ 1.6
BTO NKE Oct-01-21 165/Sep-24-21 165 Call Calendar @ 0.53

A little more bullish on NKE than COST

TQQQ Call -1dte

Sold 1 TNA Sep 24 2021 92 Call at $0.53

BIIB and TTWO

BTO BIIB Oct-15-21 310/Oct-01-21 310 Call Calendar @3.25 (330 might be better, but 310 has highest OI)
BTO $TTWO Oct-15-21 155/Oct-01-21 155 Call Calendar @0.85

two oversold stocks, hope one of them will work out.

ADBE

STC $ADBE Sep-24-21 630/Oct-01-21 630 Put Calendar @4.75 , bought at 3.48

#soxl About a month ago…

#soxl

About a month ago
I asked a fb friend that has a couple of hedge funds to work his magic and send email to cboe and get soxl weekly options.

Well looks like it is happening.
very excited!!

AMC TLRY TNA – 1dte

Sold 1 AMC Sep 24 2021 42 Call at $0.89
Sold TLRY Sep 24 2021 12.5 Calls at $0.18
Sold 1 TNA Sep 24 2021 90 Call at $0.66

SPX

BTC $SPX Sep-24-21 4400/4425/4540/4565 Iron Condor @ 5.3, sold for 8.55.

Taking the risk off with one day left. glad with any graceful exit, plus all the excitement, though never hit my stop ;-).

Closing AAPL

Bought to close $AAPL Oct 15 135 puts @ .80. Sold for 1.69 on 9/20. Over 50% of the profit realized in 2 days so I’m sticking by my rules and taking it off quickly.

FDX

The earning 260 call calendar was a total bust, and I am holding the 10/1 long call as a lotto.

STO $FDX Nov 230/210 BuPS @6.24
BTO $FDX Nov 250 calls @2.8 will sell shorted dated calls if the support holds.

BBY puts

Sold to open $BBY Nov 19 95 puts @ 1.42 with the stock at 106.72. Delta 18. Earnings not expected until after Nov expiration. Stock is trading near the bottom of its recent range. Strike price (95) is below the lowest level from January and March of 2021. IV rank 37.

INCY Stock

Bought a tiny bit of INCY @ 170.00 adding to my first buy from 08/10 @ 175.00
#FallingKnife

MSTR Call

#coveredcalls
$MSTR STO 9/24 615 call at $6.00

FDX Stock

Bought a tiny bit of FDX @ 230.00
#FallingKnife

SPY

#ShortPuts – Half of max in two days…I’ll take it.

Bought to Close SPY OCT 15 2021 410.0 Put @ 1.87 (sold for 4.02)
Bought to Close SPY NOV 19 2021 375.0 Put @ 2.09 (sold for 4.00)

Trying another SPX trade

Post-Fed announcement. Sold $SPX Sep 24 4295/4320/4475/4500 iron condor @ 4.15, short puts 15 delta, short calls 12 delta.

NVAX WYNN Calls / HOOD Put Close

#coveredcalls #syntheticcoveredcalls
$NVAX STO 9/24 237.50 call at @2.00
$WYNN STO 10/1 85 call at @1.00

#shortputs
$HOOD BTC 9/24 40 put at .10. STO at 1.50. Thank you @fuzzballl

TQQQ

#ShortPuts #TakeOneForTheTeam – So long Mr. 135…you did your job well.

Bought to Close TQQQ SEP 24 2021 135.0 Put @ 1.99 (sold for 2.17)

SPX trades

#SPX7dteLong Sold to close $SPX Sep 22 4415/4435-4445/4465 condors for 15.35. Bought for 17.05 last Thursday, so loss of 1.70. There’s too much risk of a face-ripping event after Fed announcement, so I had to take this off rather than wait for the close.

#spx1dte

VXX Put scalp

Sold VXX 09/24/2021 25.0 Puts @ 0.06 against all the long term VXX Puts I was buying on Thursday, Friday & Monday.
2 DTE
#VXXContango

TQQQ Call Rollup

First time in a while that I’ve been able to roll this call up
Bought to close TQQQ 09/24/2021 120.0 Calls at $16.78. Sold last week on a roll at $24.94
Replaced it with TQQQ 10/01/2021 121.0 Calls at $17.05 for a $0.27 Credit + an extra point on the short strike

TNA TQQQ TLRY Calls

Sold 1 TNA Sep 24 2021 87.0 Diagonal Call at $1.04
Sold 1 TQQQ Sep 24 2021 142.0 Diagonal Call at $1.08
Sold TLRY Sep 24 2021 12.5 Covered Calls at $0.07

FDX HRL VRTX

#SP500 new lows this morning
#FallingKnife

Taking profits on SPX iron condor

Bought to close Sep 22 4175/4200/4425/4450 iron condor @ 1.15. Sold yesterday for 4.30, capturing 73% of the premium. Decided to take the remaining risk off. Trade executed after market close (before 4:15pm ET).

#EarningCalendar ADBE 630 call @3.47…

ADBE and FDX Earning Calendar

BTO $ADBE 630 put @3.47 and FDX 260 call @1.1, both are with the 9/24 10/1 weeklies.

both are with some directional bias, not a pure neutral earning IV crush trade.

#EarningCalendar

UPST Call Roll

#coveredcalls
$UPST BTC 10/8 305 call and STO 10/8 310 call at cost of 2.99. Would gain $5 if called away. Stock at 321. Cost basis 261.

SNAP puts

70 seems like good support and held up during yesterday’s selloff. STO Oct 15 70 puts @ 1.61.

SPX income trade

STO $SPX Oct-20-21 4300/4240/4100/3900 put ratio spread @47.95 , breakeven at 4132.
#SPXratiospread

BX BSX Calls / MRVL Put

#syntheticcoveredcalls
$BX BTC 9/24 137 call at .10. STO at 1.80 day before deluge
$BSX STO 9/24 45 call at .40

#shortputs
$MRVL STO 9/24 59 put at .51

SPX trades

#SPX7dteLong Bought to Open $SPX Sep 27th 4340/4360-4370/4390 condors for 18.00, with SPX at 4365.

#spx1dte

Downside Warning in effect

#VIXindicator Let’s see if this one has more depth than the recent head fakes we’ve been getting.

TQQQ

#ShortPuts – Sold TQQQ NOV 19 2021 90.0 Puts @ 3.25

COIN Put

Sold the last of my long Puts in COIN
Sold 1 COIN Oct 22 2021 175.0 Put at $1.65. Bought at $1.42 as a long hedge on a past diagonal spread.
No more risk positions in this name to deal with.
#WinWin

SOXL

#ShortPuts – One more add.

Sold SOXL OCT 15 2021 37.0 Put @ 2.00

VXX Calls

Sold VXX Sep 24 2021 37.0 Diagonal Calls at $1.29 & $1.36.
Finally got close to the peak as they fell 50% by the close to $0.61

SOXL

#ShortPuts – One more add.

Sold SOXL OCT 15 2021 38.0 Put @ 2.25

LABU

Sold 1 LABU Sep 24 2021 58.0 Diagonal Put at $2.20

VXX Calls

Sold VXX Sep 24 2021 36.0 Diagonal Calls at $1.15, $1.24 & $1.34

Markets

This could never happen again, right? (he says sarcastically)

bfm5995_0

SPX iron condor

Sold $SPX Sep 22 4175/4200/4425/4450 iron condor @ 4.30

TQQQ,

STO December 17, 65 puts at 2.26

NEM Stock

Bought a bit of NEM when it hit a new 52-week low at 54.0
#SP500 #FallingKnife

Coming back to the TQQQ party

Sold $TQQQ Oct 15 100 put @ 2.21

SOXL

#ShortPuts – Sold SOXL OCT 15 2021 38.0 Put @ 2.00

VXX Calls

Sold VXX Sep 24 2021 35.0 Diagonal Calls at $1.05, $1.09 & $1.16

SOXL SPY

#ShortPuts – A couple small adds.

SOXL: Add to the ladder.
Sold SOXL OCT 15 2021 39.0 Put @ 2.00

SPY: Selling well below the 200 day and down near early year lows and almost two times the expected move.
Sold SPY NOV 19 2021 375.0 Put @ 4.00

VXX Puts

Bought some more long term Puts to write against once this move is over –
Bought 1 VXX Mar 18 2022 15.0 Put at $0.90
Bought 1 VXX Mar 18 2022 13.0 Put at $0.40.
Bought 1 VXX Jan 21 2022 18.0 Put at $0.80.
#VXXContango

/VX VIX Futures

#ShortCalls – Just for fun.

SOLD /VX @25.40
BOUGHT /VX @25.15

SPX trades

#SPX1dte Woke up at 4:30 to close put side: Bought to close $SPX Sep 20th 4330/4310 put spreads for 3.20. Condors sold for 1.05 on Friday. Looks like it would have been better to wait for the open, but market was falling all night.

#spx7dtelong

TNA Put

Liquidated one of the long Puts held as a hedge against an old short put position that expired on 09/03.
Sold to close 1 TNA Oct 01 2021 70.0 Put at $1.85. Bought at $1.52.
#WinWin

AAPL puts

Sold to open $AAPL Oct 15 135 puts @ 1.69, with the strike right around the 200 day moving average. If assigned, cost basis would be 133.31.

Upside Warning canceled

#VIXIndicator $VIX finally showed some gumption this morning. Likely downside warning coming at the close.

TQQQ Put

Liquidated one of the long Puts held as a hedge against an old short put position that expired on 09/03.
Sold to close 1 TQQQ Oct 01 2021 100.0 Put at $0.86. Bought at $0.42.
#WinWin

LABU Put

Sold 1 LABU Sep 24 2021 59.0 Diagonal Put at $1.94.
Paired with a short LABU 67.0 Diagonal Call sold Friday for $2.60 giving me a 59/67 Strangle for a $4.54 total premium.

COIN Put

Liquidated one of the long Puts held as a hedge against an old short put position that expired on 09/10
Sold to close 1 COIN Oct 15 2021 170.0 Put at $0.80. Bought at $0.75.
#WinWin

SPX

Opened $SPX Oct-22-21 4275/4215/4090/3875 Put ratio spread for 48.95 credit

break even at expiration 4106, way below the possible 7% pull back every chartists are talking about.

UVXY

Selling off small pieces of my UVXY now that the Sep (pre-split) Calls expired Friday
Sold UVXY @ 26.60 on the open
Sold more UVXY @ 27.00

VXX

More trades
Sold 1 VXX Oct 08 2021 35.0 Diagonal Call at $1.60
Sold 1 VXX Oct 15 2021 40.0 Diagonal Call at $1.68

Bought 1 VXX Jan 21 2022 18.0 Put at $0.90 with part of the cash.
#VXXContango

TQQQ

#ShortPuts – Filling in a nearer term rung of a ladder.

Sold TQQQ OCT 8 2021 115.0 Put @ 2.35

VXX long calls

Exiting long Calls the were hedges for last week’s short calls that expired worthless

Sold to Close for gains:
VXX Oct 08 2021 54.0 Calls at $0.40 (bought at $0.34)
VXX Oct 08 2021 49.0 Call at $0.54 (bought at $0.48)
VXX Oct 08 2021 48.0 Calls at $0.70 (bought at $0.47)
#WinWin