Downside Warning on again

#VIXindicator Just in time for the holidays!

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.

SPX

Dec-23-21 4400/4420/4360 put BWB @ -0.2

LABU Call

Sold 1 LABU Dec 23 2021 42.0 Diagonal Call at $1.45.
Paired with the LABU short puts for this week.

AMZN

Added to AMZN Jan-21-22 3175/3200 BuPS @ 7 credit

TSLA BWB

Closed 12/23 900/880/850 put BWB for 0.45 credit, opened with 0.5 credit last week. Reducing risk here, and I still have a few BWB at 800 short strikes.

Also added to AMZN 12/23 3200/3170/3120 earlier for 0.1 credit. a low prob and low risk trade.

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
Screen Shot 2021-12-20 at 8.14.55 AM

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.

#spx5dte