#coveredcalls
$SNAP BTC 12/17 52 call and STO 12/31 53 call at added credit of .30
#shortputs
$TSLA BTC 12/17 700 put at .50. This was rolled once. Total credit taken in 9.74. Thank you @fuzzballl for original idea
Daily Archives: Wednesday, December 8, 2021
VIX
The round trip is almost complete.
From Nov 24th close near 18.50 to the Dec 13th high around 35.00 and now down below 20.
Doing just what is expected after a big move.
Not ‘Volmageddon 2.0’ but very tradable anyway.
NVDA
#ShortPuts – Down slightly today. Taking a short term shot outside the expected move.
Sold NVDA DEC 31 2021 275.0 Put @ 3.05
ROKU
#ShortPuts – Got bailed out on this one with the You Tube agreemant today. Gladly taking it here after the wild ride.
Bought to Close ROKU DEC 17 2021 225.0 Put @ 1.20 (sold for 5.00)
TSLA
#JadeLizards – Making sure this doesn’t get away to the upside. Made my target which was to make up for a BABA loss taken earlier. Looking to re-load TSLA on next big down move.
Bought to Close TSLA DEC 17 2021 775/1100/1110 Jade Lizard @ 4.20 (sold for 10.50)
More VXX Puts
Adding to what I did yesterday.
Bought to Open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Dec 10 2021 21.5 Puts at $0.09 Net Credit
Bought to Open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Dec 17 2021 20.0 Puts at $0.05 Net Credit
Long side = 408 DTE
Short side = 3 DTE and 10 DTE
#VXXContango
XOP,
BTO, January 21, 103/113 call spread at 3.40, I think oil goes higher but this is a small trade.
COUP
#JadeLizard – Nice selloff after earnings. Taking a small shot a few weeks out.
Sold COUP DEC 31 2021 150.0/175.0/180.0 Jade Lizard @ 5.25
SPX trades
#SPX5dte Sold to close $SPX Dec 8th 4570/4590-4600/4620 condors for 19.70. Condors Bought for 18.25 last Thursday, so 1.45 profit.
EWZ FXI SOXL TQQQ
#ShortPuts – Sprinkling a few out there.
EWZ: Full position now. Will roll month to month for nice credit. Hoping the stock doesn’t rally too much.
Sold EWZ DEC 17 2021 31.0 Put @ 2.00
Sold EWZ DEC 17 2021 32.0 Put @ 2.85
Sold EWZ JAN 21 2022 33.0 Puts @ 4.05 and 4.10
FXI: Same as EWZ.
Sold FXI DEC 17 2021 39.0 Put @ 1.20
Sold FXI DEC 17 2021 41.0 Put @ 2.85
Sold FXI DEC 31 2021 38.0 Puts @ .95
SOXL: Filling in the missing rung. Had to call TDA to get extra strikes added. Monday at the open was when I wanted to sell this one but not low enough strikes available. Could’ve been really good.
Sold SOXL JAN 14 2022 57.5 Put @ 3.00
TQQQ: Same thing as SOXL. Thanks a lot TDA…
Sold TQQQ JAN 14 2022 130.0 Put @ 3.25
O.T.,
The smart money and dumb money is at an extreme and the smart money is bullish.
Options Bistro 