#VIXindicator Just in time for the holidays!
Daily Archives: Monday, December 20, 2021
XLV breakout from Carter Worth
While I don’t trust breakouts, this is interesting.
https://www.cnbc.com/video/2021/12/17/carter-worth-and-mike-khouw-lay-out-a-way-to-play-the-xlv.html
My strategy:
Bought to Open 1 XLV Mar 18 2022 108.0 Put
Sold to Open 1 XLV Dec 23 2021 136.0 Put at $1.29, for a $0.62 Credit for the first week.
LABU Call
Sold 1 LABU Dec 23 2021 42.0 Diagonal Call at $1.45.
Paired with the LABU short puts for this week.
Dirty Dozen
1 LDOS
2 CMI
3 BA
4 IP
5 BBY
6 MDT
7 VIAC
8 LEG
9 ROST
10 PKG
11 LUV
12 LVS
#FallingKnife list
#SP500
SPXL
#ShortPuts – First time ever in this one. @jsd501 mentioned it the other day. Could be a cheaper way to play SPY. Not as liquid and only monthlies but decent premium. Selling below the 200 day and at recent lows.
Sold SPXL JAN 21 2022 105.0 Put @ 3.50
Taking some LABU off
Bought to close Dec 23 32 puts @ .30. Sold for 1.45 on 12/9
TNA Put
Sold 1 Sold 1 TNA Dec 23 2021 65.0 Put at $1.50
VIX indicator.
If it doesn’t flash a downside warning today I’d be very surprised
T2108
Current reading 14.70
TQQQ,
STO February 18, 90 put at 4.05
SQQQ
Sold 1 SQQQ Dec 23 2021 7.0 Covered Call at $0.20
VXX Call Ladder
Rewriting against long Calls left over from last week’s spreads. #DoubleDip
Sold VXX Dec 23 2021 30.0 Call at $0.35
Sold VXX Dec 23 2021 29.0 Call at $0.37
Sold VXX Dec 23 2021 28.0 Call at $0.56
Sold VXX Dec 23 2021 27.0 Call at $0.70
Sold VXX Dec 23 2021 26.0 Call at $1.00
Sold VXX Dec 23 2021 25.0 Call at $1.31
Sold VXX Dec 23 2021 24.0 Call at $1.51
Sold VXX Dec 23 2021 23.0 Call at $2.18
#OnlySpreads
LABU TNA TQQQ TSLA puts
All these replacing puts that expired on Friday. These strikes are even lower (except for LABU)
Sold LABU Dec 23 2021 35.0 Puts at $0.92
Sold 1 TNA Dec 23 2021 71.0 Put at $2.14
Sold TQQQ Dec 23 2021 130.0 Puts at $1.61
Sold 1 TSLA Dec 23 2021 800.0 Put at $2.38
Sold 1 TSLA Dec 23 2021 790.0 Put at $1.91
#OnlySpreads
SPY SVXY TQQQ
#ShortPuts – Small adds.
Sold SPY JAN 21 2022 420.0 Put @ 3.75
Sold SVXY JAN 21 2022 48.0 Put @ 2.00
Sold TQQQ FEB 18 2022 105.0 Put @ 6.10
IP PKG stock
Might be a big day for #FallingKnife trades
Started a tiny new position in #SP500 stock IP at $44.00.
Started a tiny new position in #SP500 stock PKG at $126.06. It’s a bit lower now
SPX trades
#SPx1dte STOPPED: Bought to close $SPX Dec 20th 4525/4505 put spreads for 4.00. Condors sold for 1.65 on Friday.
Options Bistro 