Downside Warning in effect

#VIXIndicator Expect lower levels in the coming days or weeks.

Last DW fired on Jan 27th. The SPX low was only two days later and we rebounded from there. So it was brief.
The one before that was on Sept 3, 2020. The SPX low was 3 weeks later on Sep 24th.

TLRY

Rolled all but 1 of my TLRY short puts to next week.

Also put on some bear call spreads to lessen the pain a bit.

Sold 02/26 26.0 Calls @ 27.0 Calls while buying April 70 calls to hedge.

Either my remaining put will expire or the calls will and I’ll roll what I need to tomorrow afternoon.

VIX closed above 29

Up 33 % and Hit 31.16

AMC

Sold AMC Feb 26 2021 6.5 Puts @ 0.10 & AMC Feb 26 2021 6.0 Puts @ 0.05 against some left over Jun 2.0 long puts I already own.

Also Sold Feb 26 2021 8.0 Calls while buying AMC March 26 12.0 Calls @ 0.02 Credit.

So I have 6.0/8.0 and 6.5/8.0 short strangles expiring tomorrow.. Waiting to see what kind of opening we get Friday.

SPX 1-dte

#SPX1dte Sold to Open $SPX Feb 26th 3680/3700-3920/3940 iron condors for 1.35, SPX at 3836, IV 27.5%, deltas -.06 +.05

SPY

#ShortPuts – Add to the bottom of the ladder below the 200 day.

Sold SPY APR 16 2021 330.0 Put @ 3.35

VXX Calls Again

Bought to open VXX Mar 26 2021 32.0 Calls / Sold to Open VXX Mar 05 2021 20.5 Calls @ 0.07 Credit.
VXX is at 16.65.

I’ve already rolled most of my short puts to next week (way to early) but I’m liking my chances that my short VXX 02/26/2021 15.0 Puts will expire. That didn’t look likely this morning.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX March 3rd 3835/3855-3865/3885 iron condors for 17.95, with SPX at 3857.

GME Groundhog Day

Taking another bite here. Sold 2/26 180/190 bear call spread @ 2.10. Short leash again.

SPY

#ShortPuts – Add to the bottom of the ladder below the 200 day.

Sold SPY APR 16 2021 335.0 Put @ 3.20

SPY

#ShortPuts – Adding down by the 200 day.

Sold SPY APR 16 2021 350.0 Put @ 4.60

LABU

#ShortPuts – Added…a little early on this one.

Sold LABU APR 1 2021 75.0 Put @ 2.80

TQQQ,

STO March 19, 110 calls at 1.43, I have put exposure and it looks like the bull market is over.

VXX Calls

Despite the 30% move in the VIX today I am still expecting all my short VXX Calls for this week to expire tomorrow or be covered at a penny.
So I’m tiptoeing into next week’s expiration.
Bought to open VXX Mar 26 2021 32.0 Calls / Sold to Open VXX Mar 05 2021 19.0 Calls @ 0.04 Credit.

Once I start covering this week’s calls to free up some buying power, I’ll be selling more for next week.

VXX at 16 right now

GME getting out

Bought to close $GME 150/160 bear call spread for 3.83, a loss of 1.73.

Upside Warning canceled

#VIXIndicator The $VIX spike above 26.67 just killed the Upside Warning. We’ll go into a Downside one if we close above it.

TQQQ,

BTC March 5, 65 puts at .34, Sold at 2.65, just want to take some risk off the table.

UVXY Put Rolldown

Bought to close UVXY Feb 26 2021 9.0 Puts at $0.51. Sold these @ 0.63 last Friday.
Sold to Open UVXY Mar 05 2021 8.5 Puts @ 0.56 to replace them.

LULU AMC

From a little earlier today:

Rolled $AMC Feb-26-2021 10 #CoveredCalls // Mar-05-2021 $12 @0.25 Credit Earnings Mar-03
Rolled $LULU Feb-26-2021 325/335 #BuPS // Mar-12-2021 @1.30 Debit
STO $LULU Mar-12-2021 345/355 #BeCS @1.14 Making an #IronCondor and to help fix loss on #BuPS Side.

SPY Put Diagonal

Bought to open SPY Mar 24 2021 350 Put / Sold to Open SPY Mar 05 2021 377 Put @ 0.07 Credit.
I’ve been rolling a SPY 377 short call forward every few days for a while, so this is an offset to that.
Gives me an Iron Condor at that strike price.

GME

BTO $GME Feb-26-21 100/Mar-05-21 100 Put Calendar @15.45

GME BECS

#becs
$GME STO 2/26 150/140 BECS at 2.00

FSLY

#CoveredCalls – Selling next week a day early and slightly below cost basis for some downside protection.

Sold FSLY MAR 5 2021 73.0 Call @ 4.50

NVDA

STC partial $NVDA Feb-26-21 575/Mar-05-21 570 Call Calendar at 60% profit.

Targeting 100% and 150% for the remainders.

NVDA earnings and post earnings

#ShortPuts #Earnings – Happy to be out of this week. Selling outside the expected move and down near the 200ma on the new one.

Bought to Close NVDA FEB 26 2021 550.0 Put @ 2.25 (sold for 5.00)
Sold NVDA MAR 19 2021 500.0 Put @ 4.20