Expiration / Assignments

#optionsexpiration #assignment
$HUT 8.50 call
$LABU 44 call
$LABU 45 call
$MRVL 92 call
$RIVN 110 call
$CZR 95 call
$RIOT 25 call
$RCL 80 call
$FXI 36 call called away
$KWEB 43 put assigned
$TAN 80 put assigned

Happy New Year to the Bistro Family!

Wishing all of you a healthy, happy and prosperous 2022.

OptionsExpiration

Last one in 2021. Happy New year everyone

LABU 60/45 Bear Call Spread
LABU 60/44 Bear Call Spread
LABU 44.0 Diagonal Calls
LABU 42.0 Diagonal Calls
TLRY 12.0 Covered Calls
TNA 125/88 Bear Call Spread
TNA 110/88 Bear Call Spread
TQQQ 115/140 Bull Put Spreads
TQQQ 163.0 Diagonal Puts
TSLA 885.0 Diagonal Put
TSLA 1000.0 Diagonal Put
VXX 50/21 Bear Call Spread
VXX 45/21 Bear Call Spread
VXX 40/21 Bear Call Spread
VXX 39/21 Bear Call Spread
VXX 35/21 Bear Call Spread
VXX 34/21 Bear Call Spread
VXX 33/21 Bear Call Spread
VXX 20.5 Diagonal Calls
VXX 20.0 Diagonal Calls
VXX 18.0 Diagonal Puts – #VXXContango

TSLA Call – Yes yes yes

Bought to close 1 Contract TSLA Dec 31 2021 1,075.0 Call at $0.01. Sold as the short side of a DEC 31/ Feb 21 diagonal Bear Call spread at $54.21

Sold to Open 1 Contract TSLA Jan 07 2022 1,125.0 Call at $12.23 and a 50 !!! point higher strike (above the recent high on the stock). My Feb long will be there through earnings. 🙂

TQQQ Call Rollup

Bought to close 1 TQQQ Dec 31 2021 166.0 Call at $1.48. Sold on a rollup last week at $4.15.
Sold to Open 1 TQQQ Jan 07 2022 171.0 Call at $2.50 for a $1.02 Credit a a 5-point bump in the short strike.

Done with TQQQ for this year.

How is everyone planing to…

How is everyone planing to celebrate the New Year?

VXX Put Rolldown

Bought to close VXX Dec 31 2021 18.5 Puts at $0.08. Sold all during this week at prices from $0.11 to $0.15.
They may expire but they spent a good part of this afternoon in the money.
Replaced them with VXX Jan 07 2022 17.5 Puts at $0.10. I’m long Jan monthly 18 puts so no downside risk.
#VXXContango

TNA Call Rollups

Bought to close TNA Dec 31 2021 82.0 Calls at $3.16. Sold last week on a rollup at $4.50
Replaced them with short TNA Jan 07 2022 84.0 Calls at $3.21 for a $.05 Credit and a 2 point higher strike.

Bought to close TNA Dec 31 2021 83.0 Call at $2.58. Sold last week on a rollup at $3.80
Replaced it with a short TNA Jan 07 2022 85.0 Call at $2.77 for a $.12 Credit and a 2 point higher strike.

Bought to close TNA Dec 31 2021 85.0 Call at $0.63. Sold last week on a rollup at $2.67.
Replaced it with another short TNA Jan 07 2022 90.0 Call at $0.81 for a $.18 Credit and a 5 point higher strike. (the premium on the 90 call is less than the one I sold this morning but I’ll take it).

Done with TNA for this year.

Happy Healthy 2022

Thanks to all for being part of a thoughtful, inventive and intellectual group.
Appreciate you all (and I am not a Southerner):-)

Big Ben Fireworks

TNA Put Rolldown

Bought to close 1 TNA Dec 31 2021 88.0 Put at $3.03. Sold last week on a rolldown at $5.96.
Replaced it with 1 short TNA Jan 07 2022 86.0 Put at $3.08 and a 2 point drop in the short strike.

LABU Put Rolldown

Bought to close 1 LABU Dec 31 2021 38.0 Put at $0.97. Sold on Tuesday at $1.34.
Replaced it with 1 short LABU Jan 07 2022 35.0 Put at $1.32 for a Net Credit of $0.35 and a 3 point better strike.

Also added a new diagonal Put spread:
Bought to open LABU Feb 04 2022 25.0 Puts / Sold to Open LABU Jan 07 2022 35.0 Puts at $0.62 Credit.

SPX trades

#SPX1dte Stopped: Bought to close $SPX Dec 31st 4750/4730 put spreads for 1.00. Condors sold for 1.20 yesterday. Tried to play aggressive on this one but market drop and end of day spoiled the fun.

#SPX5dte Another let down in a long string of them… Upside Warning has stalled and not giving me a strong close for the 4785/4605 call side of today’s long condor. I’m watching. Closed the put side for 5.15 on Tuesday.

ARKK KWEB LABU TQQQ

#ShortPuts #CoveredCalls – This should do it for the year.

ARKK: Covered.
Bought to Close ARKK DEC 31 2021 98.22 Calls @ .09 (sold for 2.21)
Sold ARKK JAN 7 2022 98.22 Calls @ 1.39

KWEB: Covered and adding.
Rolled KWEB DEC 31 2021 32.42 Call to JAN 7 2022 32.42 Call @ .05 credit
Sold KWEB JAN 21 2022 35.0 Put @ 1.05

LABU: Still holding a few shares.
Rolled LABU DEC 31 2021 35.0 Calls to JAN 7 2022 35.0 Calls @ 1.20 credit

TQQQ: Adding.
Sold TQQQ FEB 11 2022 135.0 Put @ 4.00

TQQQ,

BTC December 31, 125 put at .01, sold at 2.05 and that is my last trade this year.

TSLA Call Rollup

Bought to close 1 TSLA Dec 31 2021 1,000.0 Call / Sold to Open 1 TSLA Jan 07 2022 1,015.0 Call at $0.52 Net Credit plus a 15 point higher strike for next week.

TQQQ Call Rollup

Bought to close 1 TQQQ Dec 31 2021 163.0 Call at $4.89. Sold on a rollup last week at $5.92
Sold to Open 1 TQQQ Jan 07 2022 167.0 Call at $5.01 for a $0.12 Credit a a 4 point bump in the short strike.

TNA Call

Getting a jump on next week’s calls as I think my 88 calls for today will be covered for a penny soon.
Sold TNA Jan 07 2022 90.0 Call at $1.15

MARKETS

Bloomberg notes, the S&P 500 hasn’t dipped below its 200-day moving average on an intraday basis at all this year, a feat that has only happened four other times since 1981.

2021-12-30_12-10-30

TQQQ Put Scalp

Sold TQQQ Dec 31 2021 163.0 Puts at $0.32.
Expires tomorrow

SPX trades

#SPX1dte Sold to Open $SPX Dec 31st 4730/4750-4835/4855 condor for 1.20, SPX at 4792, IV 9.9%, deltas -.12, +.06. Aggressive on the put side, although I’m not liking the drop a few seconds after the trade filled.

#SPX5dte Earlier: Bought to Open $SPX Jan 5th 4775/4795-4805/4825 condors for 15.40, with SPX at 4799.

SOXL

#ShortPuts – This should stir things up a little.

Sold SOXL JAN 7 2022 67.5 Put @ 2.00
Sold SOXL FEB 4 2022 58.0 Put @ 2.60
Sold SOXL FEB 18 2022 55.0 Put @ 2.95

SOXL

#shortputs
sto, 7 JAN 2022 58 PUT @.21

.33% ROR/for week/alleged year return 17.5%

LABU NVDA TSLA

#ShortPuts – A few today.

LABU: Revenge trades.
Bought to Close LABU DEC 31 2021 36.0 Put @ .15 (sold for 1.41)
Bought to Close LABU DEC 31 2021 37.0 Put @ .30 (sold for 1.70)
Bought to Close LABU DEC 31 2021 38.0 Put @ .50 (sold for 2.10)

NVDA: Taking over 80 percent 3 weeks early.
Bought to Close NVDA JAN 21 2022 240.0 Put @ .76 (sold for 4.00)

TSLA: Selling the 200 day the week before earnings.
Sold TSLA JAN 21 2022 800.0 Put @ 3.54

TSLA

Tesla Recalls More Than 475,000 US Vehicles Due To Quality Issues

The massive number of vehicles being recalled represents about 25% of all Tesla vehicles manufactured since the company’s inception.

I’m hoping the news holds the stock down for at least the next 2 days.

#onlyspreads

SPXpire

#SPX5dte Expiring with max credit of 20.00: $SPX Dec 29th 4690/4710 call spreads. Condors bought last Wednesday for 16.85, so 3.15 profit.

#SPX1dte Expiring worthless: 4700/4720-4840/4860 condors, sold yesterday for .95.

FXI Put Roll / TQQQ Put Close

#shortputs
$FXI BTC 12/31/38 put and STO 1/7 38 put at added credit of .05
$TQQQ BTC 1/7 115 put at .10. STO at 2.80

LABU Feb

Sold to open $LABU Feb 18 24 puts @ 1.05

VXX Strangle

Sold VXX Dec 31 2021 20.0 Call at $0.30
Sold VXX Dec 31 2021 18.5 Put at $0.11 and more at $0.12

TNA Call

Sold 1 TNA Dec 31 2021 88.0 Call at $2.05.
Paired with the short 88 put I rolled to last week for a short staddle for a total of $8.01

LABU Put

Sold 1 LABU Dec 31 2021 38.0 Put at $1.34

VXX Calls

Added a couple more of the short VXX Dec 31 2021 21.0 Calls at $0.24

SPX trades

#SPX5dte Bought to Open $SPX Jan 3rd 4760/4780-4790/4810 condors for 15.95, with SPX at 4785.

#spx1dte

TQQQ,

BTC January 21, 55 put at .03, sold at 4.80 a long time ago. Took off the risk with 4 weeks to go.

SOXL Put Close

#shortputs
$SOXL BTC 1/21/2022 30 put at .10. STO at 2.40 on 9/2

TQQQ Put Close / DOCU BUPS Close / BX Call Roll

#shortputs
$TQQQ BTC 12/31 130 put at .05. STO at 3.60. Thank you @fuzzballl

#bups
$DOCU BTC 1/21/2022 120/125 BUPS at .20. STO at 1.73. Thank you @ramie77

#syntheticcoveredcalls
$BX BTC 12/31 135 calls and STO 1/7 137 calls at added credit of .35

TQQQ,

BTC January 21, 40 puts at .02, sold at 2.19 a long time ago. Frees up a lot of margin.

TFX Stock

I bought TFX stock 5 times as it fell in November and on Dec 01. Selling off the first, highest cost lot at a small gain.
Sold TFX at $333.00

Upside Warning in effect!

#VIXIndicator Santa has arrived.

TNA Call

Sold 1 TNA Dec 31 2021 88.0 Diagonal Call at $1.40
#OnlySpreads

TSLA

Taking another crack at TSLA
Bought 1 TSLA Feb 1300 Call, Sold 1 TSLA Dec 31 2021 1075.0 Call at $1.20 Credit
#OnlySpreads

VXX Calls

Sold VXX Dec 30 20211 21.0 Calls at $0.34, $.040, $0.42 and $0.44
#OnlySpreads

SPX trades

#SPX5dte Bought to open $SPX Dec 31st 4755/4775-4785/4805 condors for 15.60, with SPX at 4780.

#spx1dte

@fuzzballl Have you looked at…

@fuzzballl

Have you looked at ARKG and ARKF ?

EWZ

#ShortPuts – These were sold against a bunch of short puts. Getting them out of the way to see if EWZ can get on a run.

Bought to Close EWZ JAN 21 2022 28.0/33.0 Bear Call Spreads @ .94 (sold for 1.10)

SOXL TQQQ

#ShortPuts – On a run like this feel like I have to take some more off. 90 percent two weeks early works for me.

Bought to Close SOXL JAN 7 2022 55.0 Put @ .22 (sold for 4.00)
Bought to Close SOXL JAN 7 2022 57.5 Put @ .33 (sold for 2.70)

Bought to Close TQQQ JAN 7 2022 125.0 Put @ .29 (sold for 3.50)

XBI

#ShortPuts – Starter position.

Sold XBI FEB 18 2022 105.0 Put @ 2.60

TQQQ,

They will be split 2 for 1 in the second week of January.

OptionsExpiration

For the 2nd week in a row EVERY short position I had for this week in VXX expired. I had a lot of old long calls from prior spreads run off too, but I got to write against those mostly worthless calls one more time.
Of course, that means the strong market forced me to roll a lot of calls in other stocks

EXPIRED:
RIVN 12/23/2021 90.0 Diagonal Put
SQQQ 12/23/2021 7.0 Covered Calls
TLRY 12/23/2021 12.0 Covered Calls
TNA 12/23/2021 60/71 Bull Put Spread
TNA 12/23/2021 65.0 Diagonal Put
TQQQ 12/23/2021 120/140 Bull Put Spreads
TQQQ 12/23/2021 130.0 Diagonal Puts
TSLA 12/23/2021 720/800 Bull Put Spread
TSLA 12/23/2021 700/790 Bull Put Spread

VXX 12/23/2021 36/27 Bear Call Spreads
VXX 12/23/2021 37/28 Bear Call Spreads
VXX 12/23/2021 46/29 Bear Call Spreads
VXX 12/23/2021 47/30 Bear Call Spreads
VXX 12/23/2021 26.0 Diagonal Calls
VXX 12/23/2021 25.0 Diagonal Calls
VXX 12/23/2021 24.0 Diagonal Calls
VXX 12/23/2021 23.5 Diagonal Calls
VXX 12/23/2021 23.0 Diagonal Calls
VXX 12/23/2021 18.0 Diagonal Puts

XLV 12/23/2021 136.0 Diagonal Put
XLV 12/23/2021 137.0 Diagonal Put

Merry Christmas

Thank everyone for all the presents you deliver every day. Especially to @jeffcp66 who makes it all possible.
Stay healthy.

Christmas Scene

Merry Christmas everyone

Merry Christmas everyone

TQQQ Call Rollups

Bought to Close 1 TQQQ Dec 23 2021 160.0 Call / Sold to Open 1 TQQQ Dec 31 2021 163.0 Call at $0.07 Credit.
Bought to Close 1 TQQQ Dec 23 2021 162.0 Call / Sold to Open 1 TQQQ Dec 31 2021 165.0 Call at $0.47 Credit.
Bought to Close 1 TQQQ Dec 23 2021 162.0 Call / Sold to Open 1 TQQQ Dec 31 2021 166.0 Call at $0.05 Credit.
Done for today.

TNA Calls Rolled up.

Almost finished for today
Bought to Close 1 TNA Dec 23 2021 82.0 Call / Sold to Open 1 TNA Dec 31 2021 85.0 Call at $0.02 Credit
Bought to Close 1 TNA Dec 23 2021 81.0 Call / Sold to Open 1 TNA Dec 31 2021 83.0 Call at $0.38 Credit
Bought to Close TNA Dec 23 2021 80.0 Calls / Sold to Open TNA Dec 31 2021 82.0 Calls at $0.02 Credit

LABU Calls Rolled up

Bought to Close LABU Dec 23 2021 41.0 Calls at $1.67. Sold last Friday at $1.75 so a tiny gain.
Sold to Open LABU Dec 31 2021 44.0 Calls at $1.72 to replace them

Bought to close 1 LABU 1 Dec 23 2021 42.0 Call at $0.60. Sold on Monday at $1.45
Sold to Open 1 LABU Dec 31 2021 45.0 Call at $1.25 and create a 45 strangle with the put I rolled down to earlier.

LABU Puts Closed

Didn’t expect this last Friday.
Bought to close LABU Dec 23 2021 42.0 Puts at $0.05. They won’t trade any lower.
Sold last Friday at $4.08 on a rolldown.

TQQQ,

STO March 18, 85 put at 2.32

TQQQ

STO February 18, 125 put at 4.65

ARKK

#CoveredCalls – Last one today.

Bought to Close ARKK DEC 23 2021 100.0 Calls @ .08 (sold for 1.18)
Sold ARKK DEC 31 2021 99.0 Calls @ 2.21

#coveredecalls

Closing DOCU

Bought to close $DOCU Jan 21 130/120 bull put spread @ .67. Sold for 3.21 on 12/3. Don’t want to wait a month for the last 20%.

SOXL

#shortputs

21 JAN 2022 47.67 PUT @.75/sold for 2.05
29 days left

XBI

#ShortPuts – Never got a chance to add to the starter. Runing up to resistance so taking 80 percent 30 days early.

Bought to Close XBI JAN 21 2022 100.0 Put @ .40 (sold for 2.10)

Santa Claus rally hath commenced

SOXL TQQQ

#ShortPuts – When I sold these so far out in time the plan was to scalp if the chance came along. I’ll do that since there’s plenty of time to reload out in Feb on any weakness.

SOXL:
Bought to Close SOXL FEB 18 2022 45.0 Put @ 1.60 (sold for 3.90)
Bought to Close SOXL FEB 18 2022 50.0 Put @ 2.35 (sold for 5.70)

TQQQ:
Bought to Close TQQQ FEB 18 2022 105.0 Put @ 2.50 (sold for 6.10)

TQQQ,

BTC December 23, 110 put at .01, sold at 1.12

EWZ

#ShortPuts – Getting this one back up to size.

Sold EWZ JAN 21 2022 28.0 Puts @ 1.18
Sold EWZ JAN 21 2022 29.0 Puts @ 1.80
Sold EWZ JAN 21 2022 30.0 Put @ 2.56

NVDA

#ShortPuts – Wild ride in this one.

Bought to Close NVDA DEC 31 2021 275.0 Put @ 1.05 (sold for 3.05)

TSLA

#JadeLizards – Big rally. Will look to get back in on any weakness.

Bought to Close TSLA Jan 21 2022 650/1020/1025 Jade Lizard @ 3.74 (sold for 6.20)

ROKU

#ShortPuts #JadeLizards – Jade Lizard will go away today with a loss of 3.60. I sold the call spread side very aggressively in the money and wide enough where there was some upside risk. Main thing was to help if ROKU continued dropping. Stock recovered so reloading the short put side.

This is similar to why I sometimes sell covered calls below my stock basis to get max downside protection. By the time the stock recovers it’s probably a good time to load up the short put side again to make it up if you get whipsawed. Seems like I get back to even much quicker this way instead of selling less aggressive calls each week.

ROKU DEC 23 2021 195.0/210.0/215.0 Jade Lizard (goes away @ 15 debit and sold for 11.40)

Replaced with:

Sold ROKU JAN 7 2022 215.0 Put @ 5.25

EDIT: Just to clarify that Jade Lizard is 195/210 BeCS and 215 short put…

EDIT EDIT: Is a Jade Lizard with upside risk really a Jade Lizard? LOL!

LABU – new diagonal Call spread

Bought to Open 1 LABU Jan 21 2022 50.0 Call / Sold to Open 1 LABU Dec 31 2021 42.0 Call at $0.15 Credit.
To partially offset the short put risk for next week.

KOLD

Legged into this one.
Sold to open KOLD Jan 21 2022 10.0 Put at $0.90 yesterday.
Bought to open KOLD Aug 19 2022 6.0 Put at $0.50 today.
Pretty good ROI on the spread requirements for the first month.
If Nat gas spikes and KOLD tanks, I can always roll the short down at the January expiration.

SOXL SPXL SPY TQQQ

#ShortPuts – Taking a little off here…70 percent or more of max with a lot of time left on some of these.

SOXL:
Bought to Close SOXL DEC 31 2021 55.0 Put @ .24 (sold for 3.60)
Bought to Close SOXL DEC 31 2021 57.5 Put @ .40 (sold for 3.40)

SPXL:
Bought to Close SPXL JAN 21 2022 105.0 Put @ 1.00 (sold for 3.50)

SPY:
Bought to Close SPY JAN 21 2022 420.0 Put @ 1.00 (sold for 3.75)

TQQQ:
Bought to Close TQQQ DEC 31 2021 130.0 Put @ .24 (sold for 3.50)
Bought to Close TQQQ DEC 31 2021 140.0 Put @ .49 (sold for 2.45)

TSLA – New Short Calendar Iron Condor Spread

Bought to Open 1 Contract TSLA Jan 21 2022 710.0 Put / Sold to Open 1 TSLA Dec 31 2021 885.0 Put at $0.03 Credit for the first week. I expect several re-writes.
Paired with this new call spread
Bought 1 TSLA Feb 18 2022 1,200 Call / Sold to Open TSLA Dec 31 2021 1,000 Call at $3.50 Net Credit.
The long call has enough life that I should get multiple re-writes.

The result is 885 / 1000 short strangle for the coming week with an initial total short premium of $5,535

TQQQ Puts

Sold to Open TQQQ Dec 31 2021 140.0 Diagonal Puts at $0.50 for next week.

LABU TNA Put Rolldowns

Bought to Close 1 LABU Dec 23 2021 46.0 Put at $5.50. Sold last week on a roll at $13.39.
Sold to Open 1 LABU Dec 31 2021 45.0 Put at $0.25 Debit but gained a point on the strike.
(I hate rolling down when it costs me cash but there is no 46.0 put for next week.)

Bought to Close 1 TNA Dec 23 2021 89.0 Put at $5.80. Sold last week on a rolldown at $13.78.
Sold to Open 1 TNA Dec 31 2021 88.0 Put at $0.16 Credit and gained a point on the strike.

SOXL

#shortputs

btc, 31 DEC 2021 55 PUT @.24 /sold for 3.60
btc,31 DEC 2021 48 PUT @.08/sold for 1.80

TQQQ TSLA Call Rollups and Rollouts

Bought to Close 1 TSLA Dec 23 2021 930.0 Call / Sold to Open 1 TSLA Dec 31 2021 940.0 Call at $0.05 Credit. Gained another 10 points on the short strike.

Bought to Close 1 TQQQ Dec 23 2021 140.0 Call / Sold to Open 1 TQQQ Dec 31 2021 140.0 Call at $0.20 Credit
Bought to Close 1 TQQQ Dec 23 2021 151.0 Call / Sold to Open 1 TQQQ Dec 31 2021 152.5 Call at $0.15 Credit