SPY

#ShortPuts – Selling below the 200 day and near October lows.

Sold SPY JAN 21 2022 410.0 Put @ 4.75

SNAP

#CoveredCalls – Since these are double sold, removing the tail risk. Don’t want to wake up in the morning and find out they’re being bought out for 80 bucks a share! 🙂 🙂

Bought to Close SNAP DEC 3 2021 54.0 Calls @ .04 (sold for 1.33)

VXX Call

Sold 1 VXX Dec 03 2021 25.0 Call at $1.50

SOXL

#ShortPuts – Filled while I was out earlier.

Sold SOXL JAN 21 2022 53.0 Put @ 3.80

TNA Put

Sold 1 TNA Dec 03 2021 75.0 Put at $2.15

CMI FIS FLT MA NCLH QRVO T TFX ZBH Stocks

The pain is starting to spread for the S&P index components as even more stocks in the index hit new lows.
Bought tiny, tiny bits of all these.
CMI at $210.00
FIS at $104.29
FLT at $210.00
MA at $312.00
NCLH at $19.00
QRVO at $146.00
T at $23.00 (2nd buy today)
TFX at $300.00
ZBH at $120.00
#SP500 #FallingKnife

Omicron Overreaction?

Some food for thought: https://www.zerohedge.com/covid-19/covid-cases-south-africas-omicron-epicenter-decline-hysteria-rattles-markets

Of course part of today (and maybe a big part of it) is Powell and the Fed’s hawkish posturing about inflation.

TQQQ,

STO January 21, 125 put at 4.10 in my IRA

TQQQ,

STO January 21, 125 put at 3.80

CAH GPN MDT MKTX T WU

Added tiny positions to each of these at new lows.
CAH at $47.00
GPN at $120
MDT at $109.56
MKTX at $350.00
T at $23.50
WU at $16.00
#SP500 #FallingKnife

SPX trades

#SPX1dte STOPPED Bought to close $SPX Nov 30th 4600/4580 put spreads for 2.50. Condors sold yesterday for 1.35.

#spx5dte

TSLA

#ShortPuts – Taking about 70 percent a couple weeks early.

Bought to Close TSLA DEC 17 2021 725.0 Put @ 1.40 (sold for 4.50)

SNAP

#CoveredCalls – This week looks safe so adding early.

Sold SNAP DEC 17 2021 52.0 Calls @ 1.25

TQQQ

#ShortPuts – Adding Jan monthly to the ladder. Selling slightly outside the expected move and at the 200 day. Should have Jan 14th available soon also.

Sold TQQQ JAN 21 2022 125.0 Put @ 3.75

VXX Calls

Sold more VXX Dec 03 2021 32.0 Calls at $0.27
Sold VXX Dec 03 2021 30.0 Calls at $0.40
Sold VXX Dec 03 2021 28.0 Calls at $0.51 and $0.57

UHS Stock

Started a tiny new position in UHS stock at a 52-week low of $121.23.
#SP500 #FallingKnife

LABU Puts

Sold LABU Dec 03 2021 35.0 Puts at $0.35.
Written against already long Dec 23 2021 35.0 Puts, so this is a calendar spread with no further downside risk.

LABU Jan

Sold to open $LABU Jan 21 30 puts @ 1.46

SPX trades

#SPX5dte Bought to Open $SPX Dec 3rd 4645/4665-4675/4695 condors for 16.80, with SPX at 4668.

#spx1dte

MRNA Call Roll / MRVL Call

#coveredcalls #syntheticcoveredcalls
$MRNA BTC 12/3 345 call and STO 12/10 355 call at .02 added credit
$MRVL STO 12/10 80 call at .80

More Stocks – BIIB VTRS

Bought a tiny bit of BIIB at $238.00 and added more VTRS at $12.50, both at new lows.
#SP500 #FallingKnife

VXX Calls

Not that bearish anymore
Sold VXX Dec 03 2021 32.0 Calls at $0.20

Markets

https://www.marketwatch.com/story/these-60-stocks-including-draftkings-zillow-and-virgin-galactic-are-down-at-least-50-from-their-2021-highs-11638195062

TQQQ Put

Sold 1 TQQQ Dec 03 2021 137.5 Put at $0.35.
Paired with numerous short calls for this week.

LABU Calls

Sold LABU Dec 03 2021 50.0 Calls at $0.60.
Paired with existing short LABU 43.0 & 46.0 puts for a strangle

BMY CMI VIAC Stocks

Bought a tiny bit of each at new 52-week lows
BMY at $55.51
CMI at $216.41
VIAC at $32.00
#SP500 #FallingKnife

CAT adjustment

Rolled $CAT Dec 17 220 calls down to 210 (18 delta). Position is now 200/210 strangle with 6.76 premium taken in, breakevens 193.24 and 216.76 with the stock around 196.

OptionsExpiration

Little left to expire after closing orders and rolls

==Expired==
SQQQ 11/26/2021 6.50 Covered Call
TLRY 11/26/2021 13.0 Covered Calls
TLRY 11/26/2021 15.0 Covered Calls
TLRY 21/15 11/26/2021 Bear Call Spread
TNA 110/103 11/26/2021 Bear Call Spread
TQQQ 175/169 11/26/2021 Bear Call Spread

== Assignments==
Allowed some of my VXX Stock to be called away at $25.00 plus $0.23 Call premium
I have a bunch of short puts with strikes below 25 for next Friday

TNA

Didn’t aim for this to be a day trade, but:

Rolled $TNA Nov-26-2021 82.50 #CoveredCall // Sep-03-2021 $85 @2.12 credit for a 2.50 better strike.

SOXL

#shortputs

sto 18 FEB 2022 42 PUT @3.00

PYPL put

Rolled $PYPL 1 Nov-26-21 185/Dec-03-21 185 #ShortPut @ 2.79 Limit. Cash secured. Will take stock if ITM.

TSLA Puts

Bought to close TSLA Nov 26 2021 840.0 Puts at $0.01.
Sold against long 720 puts as a #DoubleDip write at $1.14 and $1.31

SPX trades

#SPX1dte Sold to Open $SPX Nov 29th 4420/4440-4700/4720 condors for 1.15, SPX at 4614, IV 18.7%, deltas -.07 +.06. My put side dropped 190 points from today’s expiry!

Very foolish not to close today’s 4630/4610 put spread at the open, when it got down to 4.00. I was looking to close then, but reversal happened too fast on me then I took a huge dose of hopium. Now I’m looking for SPX to recover more in this final half hour to minimize (or fingers crossed, eliminate) my losses.

#SPX5dte Expected to expire with max profit of 20.00: Nov 26th 4700/4680 put spreads, bought last Friday for 15.70, so 4.30 profit.

VXX Calls Rolled up

Rolled this week’s VXX 23.0 Covered Calls to next week’s VXX 25.5 Calls for a $0.04 Credit

LABU and TNA Put Rolldown

Rolled this week’s LABU 47.0 Puts to next week’s 46.0 Puts for a $0.10 Credit
Rolled this week’s LABU 45.0 Puts to next week’s 43.0 Puts for a $0.10 Credit
Rolled this week’s TNA 93.0 Put to next week’s 90.0 Put for a $0.15 Credit

TQQQ put

Clearly, I was too early. STO TQQQ Jan07 130 put for 4.50

RIVN Put

Bought to close 1 RIVN Nov 26 2021 105.0 Put at $0.05. It won’t trade any lower.
Sold on Monday at $2.30 as a #DoubleDip write against a Long Jan 70 put

TNA

BTO $TNA Nov-26-2021 82.5 #CoveredCalls @81.15

MRNA Call

#coveredcalls
$MRNA STO 12/3 345 call at 13.25

TNA Scalp Trade

Sold TNA 11/26/2021 80.0 Puts @ 0.52. TNA is at $84, down 12 points. Expires in a few hours.

SPCE

#CoveredCalls – Letting stock go and taking small loss. Continuing to reduce exposure in these kind of names.

Stock will be called at 15.00 (basis 16.45)

EWZ LABU SOXL SPY TQQQ ZM

#ShortPuts #CoveredCalls – A little bit of everything.

EWZ: Size reduction small profit.
Bought to Close EWZ DEC 17 2021 27.0 Puts @ .92 (sold for 1.23)

LABU: Covered rolling.
Rolled LABU NOV 26 2021 40.0 Calls to DEC 3 2021 40.0 Calls @ .60 credit

SOXL: Adding to the ladder.
Sold SOXL JAN 7 2022 55.0 Put @ 4.00

SPY: New position at the 200 day.
Sold SPY DEC 17 2021 430.0 Put @ 3.31

TQQQ: Adding to the ladder.
Sold TQQQ JAN 7 2022 125.0 Put @ 3.50

ZM: Covered rolling.
Rolled ZM NOV 26 2021 215.0 Call to DEC 3 2021 220.0 Call @ 1.00 credit

TQQQ,

STO January 7, 115 put at 2.80

Falling Knife Stocks

I made very tiny of buys in all these names today at new 52-week lows.
Is this a BTFD moment??
DAL at $35.00
DIS at $146.00
DVA at $98.00
FLT at $220.00
GPS at $17.00
PENN at $50.00
TFX at $310.00
V at 192.81
VTRS at $12.83
XRAY at 50.00
ZBH at $125.00
#Sp500 #FallingKnife

VXX Calls

Sold VXX Dec 03 2021 25.5 Calls at $0.80 & $0.83

TQQQ Call Rollup

Bought to close 1 TQQQ Nov 26 2021 162.5 Call at $4.11. Sold on a roll last week at $9.73
Sold to Open 1 TQQQ Dec 03 2021 170.0 Call at $4.40 to replace it.
I’m hoping my 169.0 call expires in a few hours.

NVDA BuPS

BTC $NVDA Dec-03-21 275/285 #BuPS @ 0.45 Limit

TSLA Call

Bought to close 1 TSLA Nov 26 2021 1,250.0 Diagonal Call at $0.01.
Sold on Monday at $10.55

LABU Puts

Bought to Close Contracts LABU Nov 26 2021 40.0 Puts at $0.05. They won’t trade any lower.
Sold on Tuesday at $0.70

Upside Warning FIRMLY canceled

#VIXIndicator Pre-market $VIX high of 28.02. All we needed for cancelation was 22.10.

LABU PFE SNOW Call Roll / MSTR Call Close

#coveredcalls
$LABU BTC 11/26 45 call and STO 12/3 47 call at added credit of .30
$PFE BTC 11/26 52.5 call and STO 12/3 53 call at added credit of .30
$SNOW BTC 11/26 350 call and STO 12/3 370 call at added credit of 3.20
$MSTR BTC 11/26 770 call at .60. STO at 14.00

Happy Thanksgiving

All take care and enjoy all we have. At a minimum we have all of us – and that’s a lot to be grateful for.

thanksgiving

LABU Scalp

Sold LABU Nov 26 2021 48.0 Calls at $0.54.
Paired with short puts at 40, 45 and 47.

Only a half day of trading on Friday

RIVN Put Rolled

Rolled it down 10 points last week. Doing it again.

Bought to close 1 RIVN Nov 26 2021 120.0 Diagonal Put / Sold to Open 1 RIVNDec 03 2021 110.0 Put at $0.23 Credit and jumped the short strike down 10 points.

I’ll ride one short RIVN 105.0 Diagonal Put into tomorrow’s expiration.

GPS Stock

I normally don’t like investing in retailers so I bought even less than I normally would for a low priced stock.
Bought GPS at $18.00, a new 52-week low.
#SP500
Rapidly #FallingKnife

RIVN Put

Bought to close 1 RIVN Nov 26 2021 100.0 Put at $0.05. It won’t trade any lower
Sold as part of a Jan/Nov Diagonal spread earlier this week at $3.45.
Still have the long to write against next week

Markets

The retail bloodbath continues today
JWN -30%
GAP -24%

O.T.

Minervini is shorting the SPY so I BTO the November 29, 468/464 bear put spread for 1.06 for a small trade.

VXX Puts

Hoping for ‘Volmageddon 2.0’ but it looks like it won’t happen this week
Bought to close VXX Nov 26 2021 24.5 Puts at $3.62. Sold last Thursday at $4.05.
Sold to Open VXX Dec 03 2021 24.5 Puts at $3.77.

SPX trades

#SPX5dte Sold to close $SPX 4695/4675 put spreads for 8.35. Calls sold yesterday for 3.00 so 11.35 total. Condors bought for 15.40 last Thursday so 4.05 loss.

These consolidation periods make this strategy more difficult.

#SPX1dte – I forgot to sell one yesterday, but will today for Friday expiration.

TQQQ,

BTC November 26, 95 puts at .01, sold at 1.11 and that is all for this week. Have a nice turkey day to everyone.

TSLA

#ShortPuts – Sold TSLA DEC 17 2021 725.0 Put @ 4.50

VXX Covered Calls

With some successful put rolls out of the way I’m rolling part of my covered calls up to next week for a nice bump in premium.
Bought to close VXX Nov 26 2021 23.0 Calls at $0.07. Sold Friday and Monday at $0.23 and $0.24.
Sold to Open VXX Dec 03 2021 23.5 Covered Calls at $0.44

Bought to close VXX Nov 26 2021 22.5 Calls at $0.14. Sold on Monday at $0.21, $0.23 and $0.28.
Sold to open VXX Dec 03 2021 23.0 Covered Calls at $0.59

TSLA Call Rollups

Rolled this week’s TSLA 840 Diagonal Call to next week’s TSLA 845 Call for a $0.05 Credit
Rolled this week’s TSLA 880 Diagonal Call to next week’s TSLA 890 Call for a $0.05 Credit.
Rolled this week’s TSLA 930 Diagonal Call to next week’s TSLA 940 Call for a $0.80 Credit.
Lowered my spread requirements by $2500.

Waiting to cover my remaining TSLA 11/26/2021 1250.0 call and my TSLA 11/26/2021 840.0 Puts at a penny so I can re-write more of each for next week.

VXX Put rolldowns

Bought to close VXX Nov 26 2021 21.0 Puts at $0.20. Sold on a roll last Thursday at $1.04.
Sold to Open VXX Dec 03 2021 20.0 Puts at $0.22. A full point lower.

Partial Roll
Bought to close VXX Nov 26 2021 22.5 Puts at $1.25. Sold on a roll last Thursday at $2.13.
Sold to Open VXX Dec 03 2021 22.0 Puts at $1.40 and a half point lower.

Bought to close VXX Nov 26 2021 24.0 Puts at $2.39. Sold on a roll last Thursday at $3.66.
Sold to Open VXX Dec 03 2021 23.5 Puts at $2.41 and a half point lower.

SOXL

#ShortPuts

Wanted to sell a couple yesterday, but forgot. Sold today instead.

Sold SOXL DEC 23 2021 50.0 Put @ 1.68
Sold SOXL JAN 21 2022 45.0 Put @ 2.20

TSLA Put

Sold 1 TSLA Nov 26 2021 840.0 Put at $1.31.
A #DoubleDip write against a leftover Nov 26 2021 720 Put from last week’s spreads.
No additional spread requirement because of my existing call spreads
Stock is 1080

ARKK SNOW Call / HUT Put Close

#coveredcalls
$ARKK STO 11/26 108 call at .60
$SNOW STO 11/26 350 call at 4.80

#shortputs
$HUT BTC 11/26 13 put at .70. STO at 1.71

TQQQ,

STO December 23, 110 put at 1.12

KWEB LABU ZM

#ShortPuts #CoveredCalls – Some yesterday and some today.

KWEB: Starter.
Sold KWEB DEC 17 2021 45.0 Put @ 1.30

LABU: Been rolling down aggressively and selling call spreads against stock and short puts. Average basis now around 46 in most positions.
Rolled LABU NOV 26 2021 47.5 Calls to 45.0 calls and then NOV 26 2021 40.0 Calls @ 3.40 credit

ZM: Covered. Was almost back to even in spite of being assigned at 285. Looks like I’ll continue selling.
Rolled ZM NOV 26 2021 230.0 Call to NOV 26 2021 215.0 Call @ 6.75 credit

Markets

Some retailers getting crushed
ANF -17%
BBY -16%
URBN -14%
DKS -10%
and a non retail stock
ZM -19%

TQQQ early Call rollups

Because it’s a holiday week and rolls will be tougher in a typically quiet day on Wednesday and a shortened trading day on Friday, I’m taking advantage of a weak market to improve some positions for next week.

Bought to close 1 TQQQ Nov 26 2021 144.0 Call at $20.97. Sold last Thursday on a roll at $26.64.
Sold to Open 1 TQQQ Dec 03 2021 145.0 Call at $21.30 for a credit of $0.33 and a point higher on the strike.

Bought to Close 1 TQQQ Nov 26 2021 159.0 Call at $8.03. Sold last Thursday on a roll at $12.64.
Sold to Open 1 TQQQ Dec 03 2021 162.0 Call at $8.74 for a $0.71 Credit and a 3 point higher strike.

SPX trades

#SPX5dte Sold to close $SPX Nov 24th 4705/4725 call spreads for 3.00. Saving put spreads for later. I rarely sell call spreads first as this market relentlessly surprises to the upside. But I feel we’ll have another leg lower, at least today. Condors bought for 15.40 last Thursday.

VXX

Sold VXX Nov 26 2021 22.5 Covered Calls at $0.32, $0.33 and $0.34

TNA Put

Sold 1 TNA Nov 26 2021 93.0 Put at $1.72, replacing a 98 put that expired Friday and paired with a short 103 call for this week.