#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)
Monthly Archives: September 2021
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.
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).
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.
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.
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)
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.
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
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
VXX Covered Call Ladder
Sold to Open
VXX Sep 24 2021 34.5 Calls at $0.60
VXX Sep 24 2021 34.0 Calls at $0.63
VXX Sep 24 2021 33.5 Call at $0.59
VXX Sep 24 2021 33.0 Call at $0.65
VXX Sep 24 2021 32.5 Call at $0.90
They can have my stock at these prices
SOXL
#ShortPuts – Adding small.
Sold SOXL OCT 15 2021 40.0 Put @ 2.25
Sold SOXL OCT 15 2021 41.0 Put @ 2.50
SPY
#ShortPuts – First shot at the 200 day.
Sold SPY OCT 15 2021 410.0 Put @ 4.02
In addition to my usual…
In addition to my usual put expirations, I have the following which are covered by long term options or leaps as they call them:
IBB 178 call at 1.46
CAT 217.5 call at 1.70
FAS 141 call at 1.40
SHOP 1670 call at 8.60
DIS 187.5 call at 1.16
I need to sell the short calls from 22 cents to 43 cents per week to break even by expiration on the leaps. So far I am exceeding the premium that I need to collect but in a bear market it could be hard to get enough premium on the short calls. On SHOP, I need to collect $4.24 per week.
#optionsexpiration soxl btc SOXL 17…
#optionsexpiration
soxl
btc SOXL 17 SEP 2021 43 PUT @.05/sold for avg .87
right at close needed to release buying power to buy qyld /cause goes exdividend Monday
#dividendcapture
QYLD
Expiration / Assignments
#optionsexpiration #assignment
$U 135 call Stock called away. Basis 121.21.
$PFE 47 call
$MSTR 690 call
$JNJ 167.50 call
$INMD 135 call Stock called away Basis 131.80. Trade put on Wednesday.
$TQQQ 84.5 put
$TOOO 105 put
$TQQQ 100 put Thank you @ramie77
$TSLA 650 put
$TSLA 540 put
$SOXL 43 put
TQQQ,
These will expire today.
80 put, sold at 1.57
75 put, sold at 1.15
SOXL,
35 put, sold at 1.30
OptionsExpiration
A major expiration for me as well as the market in general.
A lot of old long hedges rolled off today along with many #DoubleDip and #TripleDip call and put writes against those positions.
Virtually all the longs were paid for within 5 days of their purchase because they were part of diagonal positions with the short side expiring within a week. That left them long for future re-writes.
== Expired==
AMC 09/17/2021 47.0 Diagonal Call
AMC 09/17/2021 50.0 Diagonal Call
AMC 09/17/2021 10/41 Bull Put Spreads
AMC 09/17/2021 10/40 Bull Put Spreads
COIN 09/17/2021 150/220 Bull Put Spread
COIN 09/17/2021 175/225 Bull Put Spread
LABU 09/17/2021 70.0 Diagonal Call
LABU 09/17/2021 35/58 Bull Put Spread
LABU 09/17/2021 40/59 Bull Put Spread
SLV 09/17/2021 20.0 Put
TLRY 09/17/2021 40/16 Bear Call Spread
TLRY 09/17/2021 33/16 Bear Call Spread
TLRY 09/17/2021 32/16 Bear Call Spread
TLRY 09/17/2021 29/16 Bear Call Spread
TLRY 09/17/2021 10/11.5 Bull Put Spreads
TNA 09/17/2021 105/93 Bear Call Spread
TNA 09/17/2021 105/88 Bear Call Spread
TNA 09/17/2021 55/82 Bull Put Spread
TQQQ 09/17/2021 170/150 Bear Call Spread
UVXY1 09/17/2021 9.0 Covered Calls (pre-split contract)
UVXY1 09/17/2021 8.0 Covered Calls (pre-split contract)
UVXY1 09/17/2021 7.0 Covered Calls (pre-split contract)
UVXY1 09/17/2021 6.0 Covered Calls (pre-split contract)
VXX1 09/17/2021 6.0 Diagonal Puts (pre-split contract)
VXX1 09/17/2021 5.0 Diagonal Puts (pre-split contract)
VXX 09/17/2021 80/35 Bear Call Spread
VXX 09/17/2021 65/33.5 Bear Call Spreads
VXX 09/17/2021 64/33 Bear Call Spreads
VXX 09/17/2021 60/32.5 Bear Call Spreads
VXX 09/17/2021 55/31.5 Bear Call Spread
VXX 09/17/2021 31.0 Diagonal Calls
VXX 09/17/2021 30.5 Diagonal Call
VXX 09/17/2021 30.0 Diagonal Calls
VXX 09/17/2021 29.0 Covered Calls
VXX 09/17/2021 28.5 Covered Calls
VXX 09/17/2021 28 Covered Calls
VXX 09/17/2021 27.5 Covered Calls
VXX 09/17/2021 20/24 Bull Put Spreads
VXX 09/17/2021 21/25 Bull Put Spreads
LABU Roll
Final trade today
Bought to close 1 LABU Sep 17 2021 65.0 Diagonal Call at $1.40. Sold on a roll last Friday at $2.70
Sold 1 LABU Sep 24 2021 67.0 Call at $2.60 for a $1.20 Credit plus a strike 2 points higher.
ROLL BX Call
#syntheticcoveredcalls
$BX BTC 9/17 135 call and STO 9/24 137 call at added credit of .17
ROLL ALB Put
#shortputs
$ALB BTC 9/17 230 put and STO 10/15 220 put at added credit of 2.70
Markets
The VIX index is now up 10% + today at 21.05
Don’t know that it will stay that way but it’s worth watching
LABU Call Close
#coveredcalls
$LABU BTC 9.17 65 call at .05. STO at .80 on Wednesday. I’m getting skittish.
VXX Long Put
Bought another long put to act as a #VXXContango hedge for future writes.
Bought 1 VXX Mar 18 2022 13.0 Put at $0.56, adding to my buy from yesterday 0.10 lower.
Also Bought 1 VXX Jan 21 2022 15.0 Put at $0.33
I will start writing against them next week after my 24 and 25 short puts expire today.
(just for reference, I sold this week’s 25 puts for $0.76 last Friday)
LABU Rollup
Rolled 1 LABU Sep 17 2021 59.0 Diagonal Call to 1 LABU Sep 24 2021 61.0 Call at $0.05 Credit.
Waiting to see if my short 65 and 70 Calls & my short 58 and 59 Puts expire in about 2 hours.
COUP
ShortPuts – This has been a good one this year so don’t mind a tiny loss on this one. Circling the wagons a little bit today…
Bought to Close COUP OCT 8 2021 230.0 Put @ 4.70 (sold for 4.00)
TQQQ
#ShortPuts – Adding small.
Sold TQQQ OCT 15 2021 115.0 Put @ 2.18
Sold TQQQ OCT 22 2021 110.0 Put @ 2.20
Sold TQQQ OCT 29 2021 105.0 Put @ 2.40
CRWD TDOC
#ShortPuts #CoveredCalls – Cleaning up a couple.
CRWD: Stopped out for beer money.
Bought to Close CRWD OCT 1 2021 250.0 Put @ 3.90 (sold for 4.00)
TDOC: Finally a rally so stock will be called away at 138. (breakeven)
TQQQ Puts
Sold TQQQ Sep 24 2021 120.0 Diagonal Puts at $0.49 & 0.50
Paired with short calls for next week.
VXX Call
Another rollout
Bought to close 1 VXX Sep 17 2021 54.0 Covered Call at $0.01. Sold a lifetime ago on 08/02 at at $1.14.
Replaced it with 1 VXX Oct 08 2021 34.0 Call at $1.03
TQQQ Major Rollup
Bought to close 1 TQQQ Sep 17 2021 144.0 Diagonal Call at $0.99. Sold last Friday on another roll at $7.85
Sold to Open 1 TQQQ Sep 24 2021 150.0 Call at $1.11.
A 6 point bump in the short strike and a $0.22 Credit.
I still have today’s short 150 Call that I’m waiting to expire.
VXX Call
Bought to close 1 VXX Sep 17 2021 38.0 Covered Call at $0.01. Sold at $1.06.
Replaced it with 1 VXX Oct 15 2021 38.0 Call at $1.03
ABNB Early close
BTC Oct-01-21 155/165 #BuPS @ 2.15.
Taking some risk off.
TTWO VRTX
2 #FallingKnife #SP500 stocks at new Lows for today.
Bought a tiny amount of TTWO at $149.45 and some VRTX at $185, adding to my position.
My last buy in VRTX was June 15th at 190.
Stock I bought even earlier at $193.58 I sold on 07/16/2021 at $204.00
AMC Call Roll
Bought to Close 1 AMC Sep 17 2021 41.0 Diagonal Call at $4.44
Sold to Open AMC Sep 24 2021 41.0 Call at $5.23 for a $0.79 Credit.
Hoping my short 47 and 50 calls expire at the end of the day.
DOCU Oct
Accepting the 4.60 loss on the September 280/290/300 iron butterfly (adjusted from original iron condor) and reinitiating a trade in October based on technicals. Sold to open $DOCU Oct 15 260/250 bull put spread @ 1.85, short puts 25 delta.
#NotARevengeTrade
ENPH
Roll $ENPH Sep-17-2021 200 #CoveredCall // Oct-15-2021 190 @0.75.
LABU
#CoveredCalls – Rolling out a couple weeks but keeping downside protection.
Rolled LABU SEP 17 2021 54.0 Calls to OCT 1 2021 54.0 Calls @ 1.25 credit
Assigned
Assigned on $ZM Oct-1-2021 370 #ShortPut overnight, converting #BuPS to $ZM Oct-1-2021 #protectiveput
Probably will look to close and take the loss.
ABNB
Roll Sep-17-2021 150/165 #BuPS // Oct-15-2021 @ 3.35 credit.
COUP Put Close
#shortputs
$COUP BTC 9/17 240 put at 1.00. STO at 3.40. Earnings trade @fuzzballl
HOOD
#ShortPuts – Taking winners and going out a couple weeks with new ones.
Bought to Close HOOD SEP 17 2021 40.0 Puts @ .20 (sold for 1.14)
Bought to Close HOOD SEP 17 2021 41.0 Puts @ .45 (sold for 1.40)
Bought to Close HOOD SEP 17 2021 42.0 Puts @ .95 (sold for 1.75)
Bought to Close HOOD SEP 17 2021 43.0 Puts @ 1.80 (sold for 2.10)
Sold HOOD OCT 1 2021 38.0 Puts @ .93
Sold HOOD OCT 1 2021 39.0 Puts @ 1.25
Options Bistro 