Expirations

$TLT Oct 8 150/155 bear call spread
$TQQQ Oct 8 110 put
$TQQQ Oct 8 115 put
$UVXY Oct 8 25/35 bear call spread

$SPXW Oct 8 4350/4375/4455/4480 iron condor. This trade was part of an adjustment from the original 4235/4260/4425/4450 iron condor I entered on Wed (10/6). After a put spread rollup and a re-centering of the strikes I was able to pretty much breakeven (.35 profit) but there were definitely some mistakes I made on this one. First and foremost, I did not take into account today’s jobs report; with a really busy day yesterday I just missed it. With SPX closing 25 points above the short puts yesterday I never would have left the position on overnight. I also would have kept the original trade on a much shorter leash since a big gap down today would have limited adjustment opportunities. The market’s muted reaction to the miss on the jobs report this morning allowed me to scratch the trade overall but I’m chalking this one up to fortuitousness rather than any great skill on my part. I’ll take it since I’ve certainly been on the other side of things when luck came into play but every trade is a learning experience, especially the mistakes. But I’m definitely glad to be out for an overall profit this week on SPX trades.

Have a great weekend everyone.

OptionsExpiration

Another pretty good week. FYI: Bond markets closed on Monday.

==Expired==
AMC 10/08/2021 20/33 Bull Put Spreads
LABU 10/08/2021 54.0 Diagonal Calls
LABU 10/08/2021 51.0 Diagonal Put
LABU 10/08/2021 50.0 Diagonal Put
SQQQ 10/08/2021 8.5 Covered Calls
TLRY 10/08/2021 13.5 Diagonal Calls #Earnings
TLRY 10/08/2021 13.0 Covered Calls #Earnings
TLRY 10/08/2021 10.0 Diagonal Puts #Earnings
TLRY 10/08/2021 9.5 Diagonal Puts #Earnings
TNA 10/08/2021 88.0 Diagonal Call
TQQQ 10/08/2021 132.0 Diagonal Call
TQQQ 10/08/2021 131.0 Diagonal Call
TQQQ 10/08/2021 130.0 Diagonal Call
VXX 10/08/2021 45/34 Bear Call Spread
VXX 10/08/2021 34.0 Diagonal Calls
VXX 10/08/2021 33.0 Diagonal Calls
VXX 10/08/2021 32.0 Diagonal Calls
VXX 10/08/2021 31.0 Diagonal Calls
VXX 10/08/2021 28.0 Covered Calls

==Assignments==
SLV 10/08/2021 23.0 Puts. – adjusted cost after put premium = $20.50

Expiration

#optionsexpiration
$PFE 44 call
$SPXW 4235/4260/4470/4445 STO at 3.95
$SPXW 4230/4255/4450/4425 STO at 3.75 Thank you @ramie77 for inspiration

LABU Put

Bought to close 1 LABU Oct 08 2021 52.0 Put at $0.20 as it dropped in the money. Sold last Friday at $1.40.
Replaced it with 1 LABU Oct 15 2021 49.0 Put at $1.25.

SPX Monday call spread

Trying something for this weekend. Sold Oct 11 4430/4455 bear call spread @ 2.40, short calls 15 delta. I’m more concerned with big gaps down over the weekend, not as much with big gaps up. I’m fading the idea of a 40 point gap up on Monday morning with SPX around 4391 right now. Will look to take off quickly on Monday morning. Just running some stuff through the lab 🙂

TSLA pre earnings

#ShortPuts – A one week quickie at over 2 times the expected move and below all major moving averages and at recent lows.

Sold TSLA OCT 15 2021 675.0 Put @ 2.45

VXX Puts

Bought to close VXX Oct 08 2021 24.5 Puts at $0.01.
#VXXContango trade.

SPX 1 DTE

#spx1dte
$SPX STO 10/11 4300/4320/4455/4475 at 1.20 SPX at 4400

SPX trades

#SPX1dte Sold to Open $SPX Oct 11th 4290/4310-4450/4470 condors for 1.20, SPX at 4396, IV 10.5%, deltas -.06 +.06

Expiring: Oct 8th 4310/4330-4465/4485 condors, sold yesterday for 1.10

#SPX7dteLong Expiring with max credit of 20.00: Oct 8th 4300/4320 call spreads. Condors bought Monday for 17.90.

LABU

#ShortPuts – A few more.

Sold LABU OCT 22 2021 45.0 Puts @ 1.00
Sold LABU OCT 22 2021 47.5 Puts @ 1.57

LABU

#ShortPuts – Pretty good week in this one. Re-loading here.

Bought to Close LABU OCT 8 2021 51.0 Puts @ .05 (sold for 1.15)
Bought to Close LABU OCT 8 2021 52.0 Puts @ .10 (sold for 1.40)
Bought to Close LABU OCT 8 2021 53.0 Puts @ .58 (sold for 1.75)

Sold LABU OCT 15 2021 50.0 Puts @ 1.39
Sold LABU OCT 15 2021 51.0 Puts @ 1.72

TSLA Call Roll

Bought to close 1 TSLA Oct 08 2021 810.0 Call at $0.01. Sold last Friday at $7.05.

Sold to Open 1 TSLA Oct 15 2021 810.0 Call at $6.81.
This is the 3rd write against my long December 1000.0 Call. I’ve recovered over twice the purchase price.
#TripleDip

LABU Call Roll

Bought to close 1 LABU Oct 08 2021 54.0 Call at $0.04. Sold this one on 10/07 at $0.57. I sold others higher.

To replace it, Sold to Open 1 LABU Oct 15 2021 55.0 Call at $1.14.

Still waiting out other puts and calls until the close

INMD Call Close / TQQQ Put Close

#coveredcalls
$INMD BTC 10/15 77.50 call at 1.00. STO at 2.75

#shortputs
$TQQQ BTC 10/15 90 put at .10. STO at .83

VXX Covered Calls

Bought to close VXX Oct 08 2021 35.0 Calls at $0.01. Sold at an average of $0.98

VXX Put Roll

I obviously didn’t see this market rebound coming on Monday so I have some VXX Puts to roll.
Bought to Close VXX Oct 08 2021 25.5 Puts/ Sold to Open VXX Oct 15 2021 25.0 Puts at $0.17 Credit plus gained a $0.50 better strike

SOXL

#ShortPuts – Adding one.

Sold SOXL NOV 19 2021 35.0 Put @ 2.15

TQQQ

#ShortPuts – Replacing positions closed yesterday. Selling at or outside the expected move and below the 200 day.

Sold TQQQ NOV 12 2021 105.0 Put @ 3.00
Sold TQQQ NOV 12 2021 110.0 Put @ 4.00

TQQQ Put Rolldowns

While I was rolling up my call, I was rolling down my 2 puts

Bought to close 1 TQQQ Oct 08 2021 123.0 Put at $0.14. Sold last week at $2.75.
Bought to close 1 TQQQ Oct 08 2021 124.0 Put at $0.17. Sold last week at $3.51.

Sold to open 1 TQQQ Oct 15 2021 119.0 Put at $1.31 and
Sold to open 1 TQQQ Oct 15 2021 120.0 Put at $1.49 to replace them.

So for next week I have short TQQQ 119/125 and 120/127 short strangles

TQQQ Call Rollup

Bought to close 1 TQQQ Oct 08 2021 124.0 Call at $5.81. Sold on a rollup on 09/29 at $7.02.

Sold to Open 1 TQQQ Oct 15 2021 127.0 Call at $5.88 to replace the position just covered at a small credit and a 3 point bump in the short strike.

Felling a bit better about my 130, 131 and 132 Calls that expire this afternoon.

September Jobs Report

#Jobs — Second month in a row below expectations, lowest increase of the year

Gain of +194,000 non-farm payroll jobs, vs. expected gain of 500K.
Unemployment at 4.8%, down by 0.4
U6 unemployment at 8.5%, down by 0.3
Labor force participation 61.6%, down by 0.1%
Average hourly earnings up 0.6% vs expected .4%

August jobs revised up by +131K to +366K
July jobs revised up by +38K to +1.091M