#syntheticcoveredcalls #coveredcalls
$MRVL BTC 12/23 90 call at .10. STO at 1.00
$PFE BTC 12/23 63 call at .10. STO at 1.01
$SNAP BTC 12/31 46 call and STO 1/7/2022 47 call at even
$UPST BTC 12/23 147 call and STO 12/31 152.50 call at added credit of 1.80
$RCL BTC 12/31 77 call and STO 1/7/2022 79 call at even.
#shortstrangles
$PFE STO 12/31 57.50/61 strangle at 1.70
#shortputs
$TQQQ BTC 12/31 125 put at .40. STO at 2.95. Thank you @jsd501
#VIXindicator It is sometimes the case that a spike in the VIX that triggers a second or third warning is a capitulation move signaling the end of volatility. Perhaps that’s what happened on Monday, and we’re now cleared for a Santa Claus rally?
#ShortPuts – Bought to Close SOXL DEC 23 2021 60.0 Put @ .10 (sold for 1.50)
BTC January 21, 650 put,1020/1025 call spread (jade lizard) at 3.80, sold at 6.10
Hat tip to fuzzball for the idea.
Bought to close $LABU Dec 31 30 puts @ .15. Sold for 1.40 on 12/9.
#JadeLizards – Bought to Close TQQQ DEC 23 2021 143.0/157.5/160.0 Jade Lizard @ 1.20 (sold for 3.75)
#SPX1dte Bought to close $SPX 4560/4540 put spreads for .10. Taking downside risk off. Condors sold for 1.25 yesterday.
Sold TQQQ Dec 23 2021 162.0 Calls at $0.60.
#OnlySpreads
Edit: a bit too early 😦
Sold 1 TNA Dec 23 2021 81.0 Diagonal Call at $1.75
#OnlySpreads
The web page is experiencing an increase in wintry conditions. Is this a fore telling of profits piling up? Or is it just a lot of snow.
@jeffcp66 Thank you for the snow job. 😉
STO January 14, 180 call at 1.18, taking a chance on a bearish trade.
sto LABU 18 MAR 2022 50 CALL @4.50
from assignment Friday @ 51put/sold @ 2.20
#SPX5dte Sold to close $SPX Dec 22nd 4695/4715 call spreads for .60. Added to the 19.00 I got from puts, that’s a 2.20 profit.
Bought to Open Dec 27th 4585/4605-4615/4635 condors for 17.60, with SPX at 4603.
My previous spreads worked pretty well. I wrote against May 2022 long puts 3 times (Oct, Nov & Dec).
My long May puts are not worth much except as “lottery tickets” so starting over.
Bought to open KOLD Aug 19 2022 6.0 Put at $0.65.
Sold to open KOLD Jan 21 2022 11.0 Put at $1.10.
If Nat gas spikes I can always roll the short down in January
#VIXindicator Just in time for the holidays!
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.
Sold 1 LABU Dec 23 2021 42.0 Diagonal Call at $1.45.
Paired with the LABU short puts for this week.
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
#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
Bought to close Dec 23 32 puts @ .30. Sold for 1.45 on 12/9
Sold 1 Sold 1 TNA Dec 23 2021 65.0 Put at $1.50
If it doesn’t flash a downside warning today I’d be very surprised
Current reading 14.70
STO February 18, 90 put at 4.05
Sold 1 SQQQ Dec 23 2021 7.0 Covered Call at $0.20
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
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
#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
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
#SPx1dte STOPPED: Bought to close $SPX Dec 20th 4525/4505 put spreads for 4.00. Condors sold for 1.65 on Friday.
I guess all gaps are eventually filled
#optionsexpiration #assignment
$UPST 140 call
$UPST 165 call
$STLD 75 call
$LABU 38 call (called away)
$MRVL 93 call
$U 145 call
$BX 135 call
$HOOD 20 call
$SNAP 44 call (called away)
$EWZ 30 put (assigned)
$LABU 53 put (assigned)
$MTDR 40 put (assigned)
$FXI 38 put (assigned)
$AA 46 put
Note to self. First expiration in a long time that I lost money selling puts.
$PYPL Dec-17-2021 185 #ShortPut #cashsecured
As with any major monthly expiration a lot of old long calls and puts from old spreads rolled off. In most cases I was able to get one more week of writing against them since they were worthless coming into this week.
I start with a clean slate on Monday with a lot less risk.
Except for VXX, there was little left to expire after closing orders and rolls. But EVERY short position I had for this week in VXX expired, so a clean slate starting next Monday.
==Expired==
KOLD 12/17/2021 5.0 Diagonal Puts
KOLD 12/17/2021 6.0 Diagonal Puts
LABU 12/17/2021 32.0 Diagonal Puts
SQQQ 12/17/2021 7.0 Covered Call
TNA 12/17/2021 73.0 Diagonal Puts
TNA 12/17/2021 74.0 Diagonal Puts
TNA 12/17/2021 77.0 Diagonal Call
TLRY 12/17/2021 25/12 Bear Call Spreads
TSLA 12/17/2021 840.0 Diagonal Put
TSLA 12/17/2021 850.0 Diagonal Put
TQQQ 12/17/2021 175/177.50 Bull Call Spread
TQQQ 12/17/2021 60/139 Bull Put Spreads
TQQQ 12/17/2021 139.0 Diagonal Puts
VXX1(pre-split) 12/17/2021 5.0 Diagonal Puts
VXX 12/17/2021 15/19.5 Bull Put Spreads
VXX 12/17/2021 15/20 Bull Put Spreads
VXX 12/17/2021 15/20.5 Bull Put Spreads
VXX 12/17/2021 20.5 Diagonal Puts
VXX 12/17/2021 21.0 Diagonal Puts
VXX 12/17/2021 22.5 Diagonal Calls
VXX 12/17/2021 23.0 Diagonal Calls
VXX 12/17/2021 23.5 Diagonal Calls
VXX 12/17/2021 24.0 Diagonal Calls
VXX 12/17/2021 24.5 Diagonal Calls
VXX 12/17/2021 25.0 Diagonal Calls
VXX 12/17/2021 25.5 Diagonal Calls
VXX 12/17/2021 50/26 Bear Call Spread
VXX 12/17/2021 49/26 Bear Call Spread
VXX 12/17/2021 40/26.5 Bear Call Spreads
VXX 12/17/2021 37/27 Bear Call Spreads
VXX 12/17/2021 36/28 Bear Call Spreads
Started 2 new tiny stock positions on a late day market swoon
Bought LDOS at $86.64
Bought LEG at $38.58 (Dividend Yield: 4.02% – Number of Years of Consecutive Dividend Growth: 50 )
#SP500 #FallingKnife
#JadeLizard – Another one just to have something to watch next week and to keep things stirred up. 🙂 🙂
Sold TQQQ DEC 23 2021 143.0/157.5/160.0 Jade Lizard @ 3.75
These are the last positions to roll for this week.
Bought to Close TNA Dec 17 2021 76.0 Calls at $1.82. Sold on after the Fed meeting Wednesday at $2.74.
Sold to Open TNA Dec 23 2021 80.0 Calls at $2.31, for a $0.46 Credit and a 4 point bump in the short strike.
#JadeLizards – Setting up another Jade Lizard on the bounce. Come and get it!
Sold TSLA JAN 21 2022 1020.0/1025.0 Bear Call Spread @ 1.65
Position now:
TSLA Jan 21 2022 650/1020/1025 @ 6.20
#JadeLizards – Let’s see if it can run back to all time highs. Selling against short puts down at the 200 day setting up Jade Lizards.
Sold SPY JAN 21 2022 473.0/478.0 Bear Call Spreads @ 1.70
Positions now:
SPY Jan 21 2022 425/473/478 @ 5.40
SPY Jan 21 2022 435/473/478 @ 5.20
#Earnings crushed the stock but I’m still able to roll the Put
Bought to close 1 RIVN Dec 17 2021 100.0 Put / Sold to Open 1 RIVN Dec 23 2021 90.0 Put at $0.05 Net Credit and moved the strike down a whopping 10 points for only one more week.
#CoveredCalls – Sold ARKK DEC 23 2021 100.0 Calls @ 1.18
STO January 21, 90 puts at 1.24 in my IRA
BTC December 17, 110 puts at .01, sold at 1.29, This was a big expiration today.
Bought to Close LABU Dec 17 2021 43.0 Puts at $4.03. Sold on a roll last week at $8.30.
Sold to Open LABU Dec 23 2021 42.0 Puts at $4.08 for a nickel credit plus a point lower on the strike.
Bought to Close LABU Dec 17 2021 46.0 Puts at $6.30. Sold on a roll last week at $11.04.
Sold to Open LABU Dec 23 2021 46.0 Puts at $6.70 for a $0.40 credit.
Sold to open $AMC Jan 21 22 puts @ 2.30. 22 delta.
My 2nd swing trade in this stock.
Sold my oldest, highest cost lot at $217.26. Bought this on 06/15/2021 at $190.00
I still have lots at $185 and $180 from September and October.
Former #SP500 #FallingKnife
#JadeLizards – Going back in with the lizard. Most big bank earnings the week before expiration.
Sold FAS JAN 21 2022 95.0/130.0/134.0 Jade Lizard @ 4.17
BTC December 17, 105 puts at .01, sold at 1.06
Bought to Open 1 VXX Jan 21 2022 47.0 Call at $0.94
Sold to Open 1 VXX Dec 23 2021 23.0 Call at $1.10 for a $0.16 credit for the first week.
Waiting for this week’s short calls and puts to roll off this afternoon.
🙂 🙂 They are ALL out of the money for now 🙂 🙂
#ShortPuts – First ones in this expiration.
Sold SOXL FEB 18 2022 45.0 Put @ 3.90
Sold SOXL FEB 18 2022 50.0 Put @ 5.70
Bought to close 1 RIVN Dec 17 2021 127.0 Call at $0.05. It won’t trade any lower. Sold on Monday at $3.29
#DoubleDip write
#OnlySpreads
#SPX5dte Sold to close $SPX Dec 17th 4685/4665 put spreads for 17.25. Bought for 17.00 on Monday, so barely above breakeven. I would normally wait for expiration, but can’t afford the risk after this brutal week for this strategy.
Not calling a bottom but definitely slowing downside momentum. Sold $ADBE Jan 21 525/505 bull put spread @ 4.15. Short puts 26 delta, IV still high, IV rank 60.
Sold to close 2 LABU Dec 17 2021 35.0 Puts at $1.43.
Bought these on 10/18 at $1.23 and on 10/25 at $0.72 as the long side of some diagonal spreads.
Replaced them with long puts a full month longer.
Bought to open LABU Jan 21 2022 25.0 Puts at $1.18.
I’ve got short 32 puts expiring tomorrow that are currently out of the money with LABU at 34.35 and I’m hoping these stay that way
Setting up some calls for next week.
This week’s are looking good.
Sold VXX Dec 23 2021 25.0 Calls at $0.49 & again at $0.54
#VXXContango
#OnlySpreads
I’ve set up a short straddle at 140 for next Friday by rolling this week’s short 139 call and adding a new diagonal Put spread
Bought to close 1 to Close 1 TQQQ Dec 17 2021 139.0 Call / Sold to Open 1 TQQQ Dec 23 2021 140. Call at $0.02 Credit and bumped the short strike a point (I did this way too early in the day).
Bought to Open 1 TQQQ Jan 07 2022 110.0 Put at $1.35
Sold to Open 1 TQQQ Dec 23 2021 140.0 Put at $2.42 for a $1.07 Credit
Still waiting for this week’s short 139.0 puts to drop to a penny.
#SPX5dte Bought to Open $SPX Dec 22nd 4665/4685-4695/4715 condors for 17.40.
STO January 14, 105 put at 1.25
btc,23 DEC 2021 50 PUT @.30/sold @2.98
BTC December 17, 85 puts at .01, sold at 3.85 a long time ago.
#ShortPuts – Both prior to earnings and well outside expected moves.
Sold NVDA JAN 21 2022 240.0 Put @ 4.00
Sold TSLA JAN 21 2022 650.0 Put @ 4.55
Bought to close 1 TSLA Dec 17 2021 910.0 Call at $44.50. Sold last week on a rollup at $133.20
Sold to Open 1 TSLA Dec 23 2021 930.0 Call at $44.60 and bumped the short strike up 20 points.
Still waiting to cover this week’s short TSLA 840 & 850 puts at a penny.
ShortPuts – Giving Mr. Market something to watch.
Sold SOXL DEC 23 2021 60.0 Put @ 1.50
#ShortPuts – Taking one off and going for the double dip the following week.
Bought to Close TQQQ DEC 23 2021 130.0 Put @ .55 (sold for 3.10)
Sold TQQQ DEC 31 2021 140.0 Put @ 2.45
#ShortPuts – Bought to Close SOXL DEC 23 2021 50.0 Put @ .25 (sold for 2.77)
Bought to Close 1 TQQQ Dec 17 2021 157.5 Call at $9.61. Sold last week on a rollup at $12.18.
Sold to Open 1 TQQQ Dec 23 2021 160.0 Call at $9.63 plus a 2 1/2 point better strike.
Just before the Fed meeting yesterday this was out of the money. Sigh 😦
Sold my first and highest cost lot of MKTX at $415.00 for a tiny gain.
The stock was up over 18 points today.
I have 6 lower cost lots (all the way down to $350) to get rid of so this is just a start.
Selling Calls all week, now pivoting to Puts
Sold VXX Dec 23 2021 18.0 Puts at $0.11.
I’ve got long Jan 2022 18.0 Puts and I don’t intend to sell them in the next week, so zero downside risk.
#VXXContango
BTC December 17, 65 puts at .01, sold at 2.48
Daring the market to continue higher but I hedged my bets with long Jan 21st calls to define risk.
Sold TNA Dec 17 2021 77.0 Calls at $2.82. Paired with 1 old TNA short 74 Put and today’s short TNA 73 Put plus another deep ITM put that I’ll need to roll Friday
Sold LABU Dec 17 2021 38.0 Calls at $0.40 Paired with several ITM short Puts that will need to be rolled. It would help if the short 38 calls were tested on Friday.
Sold to open Jan 21 350/360/410/420 iron condor @ 2.75. Short strikes at 20 delta. IV rank 48.
Options Bistro 