I’m done selling straight calls but adding some diagonal call spreads
Bought to Open VXX Jan 15 2021 65 Calls / Sold to Open VXX Oct 30 2020 24.5 Calls @ 0.07 Net Credit
Bought to Open VXX Jan 15 2021 60 Calls / Sold to Open VXX Oct 30 2020 24 Calls @ 0.07 Net Credit

Because some of my short calls and puts have the same strike, I’ve turned them into “Short Calendar Iron Butterfly Spreads”

With these trades I’ve almost finished pairing up all my short puts, some of which are still in the money.
The VIX is up 13% so I’ll wait to see if the market finds a floor before doing more.
VXX 10/30/2020 26.00 Diagonal Calls @ 0.39
VXX 10/30/2020 25.50 Diagonal Calls @ 0.44
VXX 10/30/2020 25.00 Diagonal Calls @ 0.54
VXX 10/30/2020 24.50 Diagonal Call @ 0.64
VXX 10/30/2020 24.00 Diagonal Call @ 0.74

Also, this move is helping my SPY bear call spreads too.

Sold ADS Oct 30 2020 52 Calls @ 0.55

Bought to close SPY Oct 26 2020 336 Call / Sold to Open SPY Oct 28 2020 337 Call @ 0.02 Net Credit plus an extra point higher on the short strike
Bought to close SPY Oct 26 2020 337 Calls / Sold to Open SPY Oct 28 2020 338 Calls @ 0.06 Net Credit plus an extra point higher on the short strike.

No more expirations for today

With VXX @ 23 , I Sold the following, replacing similar calls that expired Friday.
VXX 10/30/2020 25.50 Diagonal Call @ 0.34
VXX 10/30/2020 25.00 Diagonal Call @ 0.39
VXX 10/30/2020 24.50 Diagonal Call @ 0.44
VXX 10/30/2020 24.00 Diagonal Call @ 0.54

Bought to Close KSS Oct 23 2020 23.0 Calls / Sold to Open KSS 10/30/020 23.5 Calls @ 0.07 Credit
Bought to Close SPY Oct 23 2020 344 Calls / Sold to Open SPY Oct 28 2020 346 Calls @ 1.02 Credit

Bought to close VXX 10/23/2020 22.5 Puts / Sold VXX 10/30/2020 21.5 Puts @ 0.07 Credit plus a full point lower strike price., which moved them out of the money for now.

I’ll either let my VXX 10/23/2020 22.0 Puts expire or try to cover them for a penny, depending how the last hour goes.

Sold WBA Oct 30 2020 39 Covered Call at $0.26 and @ 0.29 for next Friday

Bought to close SPY Oct 23 2020 341 Call / Sold to Open SPY Oct 28 2020 343 Call @ $0.27 Credit plus a 2 point bump in the short strike.

Probably should have waited but a stimulus deal /no deal announcement would spike SPY one way or another

Buying more time – bringing in $cash

Bought to close VXX 10/23/2020 25.0 Puts / Sold VXX 10/30/2020 25.0 Puts @ 0.32 Credit

Bought to close VXX 10/23/2020 24.5 Puts / Sold VXX 10/30/2020 24.0 Puts @ 0.02 Credit plus a 0.50 lower strike.

Bought to close VXX 10/23/2020 23.5 Puts / Sold VXX 10/30/2020 23.0 Puts @ 0.14 Credit plus a 0.50 lower strike. (my largest position in VXX puts)

I have lots of short VXX calls expiring today too.

Bought to close KSS Oct 23 2020 22.0 Covered Calls/ Sold to Open KSS Oct 30 2020 22.5 Covered Calls at $0.20 Net Credit plus a 0.50 bump on the short strike price.

Starting my call selling for next week.
Sold to open VXX Oct 30 2020 25.5 Calls at $0.32

Bought to Open VXX Jan 15 2021 13 Puts / Sold to Open VXX Oct 30 2020 21 Puts at $0.22 Net Credit.
It’s certainly possible that the VIX structure collapses after the election, no matter what the result.

Some of my longer dated 2021 and 2022 excess long puts are starting to show a decent profit.
Plus. I’ve got a bunch of short calls for tomorrow

Flipped a long call
Sold to close WDC Oct 30 2020 47.5 Calls @ 0.40.
These were the leftover long side hedge of a diagonal spread I put on 9/23
i.e. (Bought to Open WDC 10/30/2020 47.50 Calls / Sold 09/25/2020 40.50 Calls @ 0.12 Credit)
I have written against the long calls several more times since then.

Then … Sold to open WDC Oct 30 2020 47.5 Calls @ 0.41.
Sold these against another leftover long call (Nov 50’s).
The stock is only 42.90.
Pretty good premium for only 6 days.

AT&T Earnings Were Good Enough to End a 10-Day Losing Streak.

Bought to Close SPY Oct 21 2020 344 Calls at $0.04 – sold for 6.72 on 10/16 and 4.08 on 10/19
Sold to Open SPY Oct 23 2020 346 Calls at $1.06.

Bought to Close 1 SPY Oct 21 2020 340 Call / Sold to Open 1 SPY Oct 23 2020 341 Call @ 0.36 Credit with SPY at 343.91
Bought to Close SPY Oct 21 2020 342 Calls / Sold to Open SPY Oct 23 2020 344 Calls @ 0.53 Credit with SPY at 343.82.

Hoping to cover my 344.0 Calls @ 0.01

New Diagonal Spread
Bought to Open 1 CINF Mar 19 2021 95 Call / Sold to Open 1 CINF Nov 20 2020 85 Call @ 0.40 Net Credit.
The stock is at the top of a big 5.5% run today @ 84.25

Rolled all my short Calls with strike prices below 340 forward a few days and up $100.

Still waiting to see how my 340 / 342 / 344 calls end the day.
Stock range 342.50 – 345.67 So far today.
If we stay down or fall further it could be VERY profitable

There we have it! The Oct $VIX futures contract has expired and the front month “contango” is gone. Term structure remains very flat, waiting for the elections to either spike higher or collapse in a heap. I have no idea which one.