Sold VXX Dec 17 2021 28.0 Calls at $0.22.
Then the VIX collapses
I love Fed days
Monthly Archives: December 2021
SPX trades
#SPX5dte Sold to close $SPX Dec 15th 4680/4700 call spreads for 1.00. Another one bites the dust. Condors bought for 17.35 last Thursday. Puts sold for 5.80 on Monday, so 6.80 total, loss of 10.55. I certainly have not been reading this market well for my leg outs.
ROKU XLP
Consumer Staples ETF XLP hits all-time trading high as investors support defensive stocks
and … ROKU down big today @fuzzballl
VXX Call Spread
VXX Keeps topping out at the 23 level so I’ll risk one more bearish diagonal spread
Bought VXX Jan 21 2022 48.0 Call at $1.07
Sold to Open VXX Dec 17 2021 23.0 Call at $1.11 for a $0.04 Credit for the next 2 1/2 days and the chance for multiple re-writes
Closing TSLA Spread
Closed out 1 TSLA Dec 850/Jan 1250 Bear Call Spread at $80.0 Debit.
The time premium is gone on the short call and it’s tough to roll.
Since I rolled my original long side position out and up to January on 11/22 for a $140.0 Credit (see my post from that date) that leaves me with a 60 point winner and a whole lot less risk in the account.
EWZ FXI KWEB ROKU TNA
#JadeLizards – Turning some short put positions into Jade Lizards or getting the stock covered early. Nice basis lowering with minimal upside risk.
Sold EWZ JAN 21 2022 28.0/33.0 Bear Call Spreads @ 1.10 credit
Sold FXI DEC 31 2021 35.0/47.o Bear Call Spreads @ 1.80
Sold KWEB DEC 31 2021 35.0/50.0 Bear Call Spread @ 5.02
Sold ROKU DEC 23 2021 195.0/210.0 Bear Call Spread @ 7.65
Sold TNA JAN 21 2022 70.0/80.0 Bear Call Spread @ 5.10
SNAP ZM
#CoveredCalls – My two worst positions of the year are now closed. Taking the losses. Not small but bearable giving back about 8 percent of realized gains for the year. I’ve always said realized gains are the best hedge and that’s paying off here at the end of the year allowing me to close some lousy positions but still have a great year.
Now only in 2 individual stocks so comfortable with that. Everything else is no more single stock risk.
Go JP!!
TNA Put
Sold 1 TNA Dec 17 2021 73.0 Diagonal Put at $2.48.
TNA at a 6-month low of 74.02
CLX LUV MDT PENN Stock trades
Started a tiny new position in LUV at a new low of $40.00.
Added to my tiny position in MDT at a new low of $104.00.
Added to my tiny position in PENN at a new low of $45.00.
Sold half of my CLX stock at $174.46. Bought on 08/03 at $163.00. Got a divvy payment in between.
Still holding stock bought at $160.00 the same day.
#SP500 #FallingKnife
SOXL TQQQ
#ShortPuts – No idea what JP will say tomorrow so taking these a couple days early.
Bought to Close SOXL DEC 17 2021 50.0 Put @ .25 (sold for 2.00)
Bought to Close TQQQ DEC 17 2021 130.0 Put @ .26 (sold for 2.55)
TQQQ,
BTC January 7, 115 put at 1.75, sold at 2.80 in my IRA, I just want to reduce risk in my IRA and trading account because I think the bull market is over.
SPX trades
#SPX5dte Bought to Open $SPX Dec 20th 4610/4630-4640/4660 condors for 17.90, with SPX at 4637.
LABU Put
Closed a long Put for a slight gain after writing against it many, many times since I bought it.
Sold to close 1 LABU Dec 17 2021 35.0 Put at $3.23.
Bought this way back on 07/14/21 at $3.18.
(Sold 1 LABU Jul 23 2021 60.0 Put against it at $3.23 and bought it back at $0.54.
Replaced it with 1 LABU Jul 30 2021 55.0 Put at $1.22 and bought that back at $0.68.
Replaced it with 1 LABU Aug 06 2021 50.0 Put at 1.23 and that expired.
….. And so on and so on until today)
#WinWin
TSLA
Should I or shouldn’t I??
I have a chance to close out a TSLA Bear Call spread at a net credit (Profit) but it’s still moving in my direction with the stock at $932
+1 Jan 21 2022 1,250.00 -$9,022.67
-1 Dec 17 2021 910.00 +$9,579.26
Thoughts??
SPY
#ShortPuts – Below the 200 day, below recent lows, and outside the expected move.
Sold SPY JAN 21 2022 425.0 Put @ 3.70
SOXL XBI
#ShortPuts – A couple fills while I was out.
SOXL: Adding.
Sold SOXL JAN 28 2022 50.0 Put @ 3.80
XBI: Starter. First time in this one in a long time.
Sold XBI JAN 21 2022 100.0 Put @ 2.10
VXX Call Ladder
Sold VXX Dec 17 2021 27.0 Calls at $0.27
Sold VXX Dec 17 2021 26.5 Calls at $0.35
Sold VXX Dec 17 2021 26.0 Call at $0.42
Sold VXX Dec 17 2021 25.5 Call at $0.48
Sold VXX Dec 17 2021 25.0 Call at $0.58
Sold VXX Dec 17 2021 24.5 Call at $0.69
Sold VXX Dec 17 2021 24.0 Call at $0.82.
About done for this week’s sales.
#VXXContango #OnlySpreads
RIVN Put
One final write against a long December put
Sold 1 RIVN Dec 17 2021 100.0 Put at $1.20. Replaces the 105 put that expired Friday.
I now have a RIVN 100/127 short strangle for a total premium of $4.29
#OnlySpreads
SOXL
#ShortPuts – Small add.
Sold SOXL DEC 31 2021 57.5 Put @ 3.40
VXX Calls
Sold a few more VXX Dec 17 2021 26.0 Calls at $0.33
TQQQ Puts
Sold Dec 17 2021 139.0 Diagonal Puts at $1.33 and $1.37.
Paired with short calls all the way from 139 up to 177.50 for this week.
#OnlySpreads
MRVL LABU U Calls
#coveredcalls #syntheticcoveredcalls
$MRVL STO 12/17 93 call at .48
$LABU STO 12/17 38 call at 1.60
$U STO 12/17 call at 1.30
Markets
I’ve been reading this guy for several years. Check it out.
http://charleshughsmith.blogspot.com/2021/12/get-in-crash-positions.html
SPY SVXY
#ShortPuts – A couple more.
SPY: Going in at the 200 day again.
Sold SPY JAN 21 2022 435.0 Put @ 3.50
SVXY: Traded it once this year for a winner. It survived the covid crash so it could be a decent trade again (in spite of our history with it).
Sold SVXY JAN 21 2022 50.0 Put @ 1.90
TQQQ,
STO January 28, 125 put at 4.25
RIVN Call
Sold 1 RIVN Dec 17 2021 127.0 Call at $3.29
#DoubleDip write replacing a similar diagonal call that expired Friday.
#OnlySpreads
VXX Call Ladder
Replacing some that expired Friday
Sold VXX Dec 17 2021 25.5 Calls at $0.27
Sold VXX Dec 17 2021 25.0 Calls at $0.32 and $0.33
Sold VXX Dec 17 2021 24.5 Calls at $0.38
Sold VXX Dec 17 2021 24.0 Calls at $0.45
Sold VXX Dec 17 2021 23.5 Calls at $0.56
Sold VXX Dec 17 2021 23.0 Calls at $0.61, $0.62 and $0.67
Sold VXX Dec 17 2021 22.5 Calls at $0.80
All these strikes are above the highest strike puts that I’m short for this week.
Now fully paired up with all my short puts for this week.
SOXL
#ShortPuts – Small adds.
Sold SOXL JAN 7 2022 57.5 Put @ 2.70
Sold SOXL JAN 14 2022 55.0 Put @ 2.70
Sold SOXL JAN 21 2022 55.0 Put @ 3.20
EWZ FXI
#ShortPuts – Taking profits and reducing size. Still holding enough to keep my interest.
EWZ:
Bought to Close EWZ DEC 17 2021 29.0 Puts @ .56 (sold for 1.95)
Bought to Close EWZ DEC 17 2021 30.0 Puts @ 1.22 (sold for 2.34)
Bought to Close EWZ DEC 17 2021 31.0 Puts @ 2.11 (sold for 2.87)
Bought to Close EWZ DEC 17 2021 32.0 Puts @ 3.10 (sold for 3.58)
FXI:
Bought to Close FXI DEC 17 2021 39.0 Puts @ 1.23 (sold for 1.30)
Bought to Close FXI DEC 31 2021 38.0 Puts @ .90 (sold for .95)
SPX trades
#SPX5dte Sold to close $SPX Dec 13th 4685/4665 put spreads for 3.20. Looking for the afternoon bounce to collect on call side.
SOXL TQQQ
#ShortPuts – Replacing this week’s with fairly aggressive strikes. Come and get it Mr. Market.
Sold SOXL JAN 28 2022 55.0 Put @ 3.40
Sold TQQQ JAN 28 2022 130.0 Put @ 4.40
TQQQ,
STO January 14, 130 put at 3.10
Downside Warning canceled
#VIXIndicator Another brief and shallow correction in the books as we look poised to march higher.
TNA
LABU
#CoveredCalls – More end of the year clean up. Letting some stock go at a loss after selling ITM calls against it all the way down. Minimal damage to what has been a top performer YTD. Will probably let some more go next week to clean the slate for 2022.
Stock called away at 27.00 (basis 32.75)
TQQQ Put Close
#shortputs
$TQQQ BTC 12/17 130 put at .35. STO at 2.60
OptionsExpiration
Expired:
LABU 12/10/2021 75/47 Bear Call Spread
LABU 12/10/2021 46.0 Diagonal Calls
RIVN 12/10/2021 127.0 Diagonal Call
RIVN 12/10/2021 105.0 Diagonal Put
SQQQ 12/10/2021 7.0 Covered Call
TLRY 12/10/2021 11.0 Covered Calls
TLRY 12/10/2021 11.5 Covered Call
TNA 12/10/2021 110/92.5 Bear Call Spread
TNA 12/10/2021 92.0 Diagonal Call
TNA 12/10/2021 91.5 Diagonal Call
TNA 12/10/2021 91.0 Diagonal Call
TNA 12/10/2021 90.5 Diagonal Call
TNA 12/10/2021 90.0 Diagonal Call
TNA 12/10/2021 65.0 Diagonal Put
TQQQ 12/10/2021 125/120 Bear PUT spread
VXX 12/10/2021 51/27 Bear Call Spreads
VXX 12/10/2021 46/27 Bear Call Spreads
VXX 12/10/2021 45/27 Bear Call Spreads
VXX 12/10/2021 34/27 Bear Call Spreads
VXX 12/10/2021 23.5 Diagonal Calls
VXX 12/10/2021 22.5 Diagonal Calls
VXX 12/10/2021 19.5 Diagonal Puts – #VXXContango
TQQQ Call Rollup
Last trade of the day
Bought to close 1 TQQQ Dec 10 2021 170.0 Call at $0.01. Sold last week on a rollup at $2.55.
Sold to Open 1 TQQQ Dec 17 2021 177.5 Call at $1.03 to replace it.
LABU Puts
Well, my scalp trade didn’t work so I’m rolling the short put back down.
Bought to close LABU Dec 10 2021 35.0 Puts at $0.57
Sold to Open LABU Dec 17 2021 32.0 Puts at $1.47.
The 52-week low on LABU is $32.42
Last VXX Puts for today
Bought to close VXX Dec 10 2021 21.0 Puts at $0.14. Sold as the short side of a long term #VXXContango trade yesterday at $0.28.
Sold VXX Dec 17 2021 19.5 Puts at $0.21 to replace it
#VXXContango
SPX trades
#SPX1dte Sold to Open $SPX Dec 13th 4600/4620-4755/4775 condors for .95, SPX at 4704, IV 8.75%, deltas -.06 +.06
Expiring: Dec 10th 4570/4590-4735/4755 condors, sold yesterday for 1.10
VXX Calls closed
A huge win as I let all my VXX stock get called away last week and had to roll deep ITM calls forward a week for a bit of additional premium.
Bought to close VXX Dec 10 2021 21.5 Calls at $0.01.
Sold these last Friday at $6.70.
I am letting even bigger positions in short VXX calls and bear call spreads expire at 22.50, 23.0 and 27.0
#VXXContango
VXX Puts rolled down
Bought to close VXX Dec 10 2021 22.0 Puts / Sold to Open VXX Dec 17 2021 21.0 Puts at $0.02 Credit
Bought to close VXX Dec 10 2021 21.5 Puts / Sold to Open VXX Dec 17 2021 20.5 Puts at $0.06 Credit.
Lowered the short strike a point on both positions
TNA Put Rolled
Bought to close 1 TNA Dec 10 2021 90.0 Put at $8.80. Sold last week on a roll at $15.48.
Sold to Open 1 TNA Dec 17 2021 89.5 Put at $8.85 and improved the strike just $0.50.
I do have TNA 90.0 thru 92.50 short diagonal calls that will expire at 4:00
VXX Calls
Sold VXX Dec 17 2021 25.5 Calls at $0.26.
I have a large number of 22.50, 23.50 and 27.0 short Calls expiring today
FAS
#ShortPuts – Taking some risk off.
Bought to Close FAS DEC 17 2021 115.0 Put @ 1.03 (sold for 2.75)
VXX1
I have a bunch of old pre-split VXX long puts. They are all in the money but don’t expire until Jan 2022 and Jun 2022.
Scalping a bit of premium for the next week because there are contracts for Dec 17th and there is no margin requirement to sell these.
Sold VXX1 Dec 17 2021 5.0 Puts at $0.10 (same as a strike 20 put for $0.40)
#VXXContango
TQQQ Rollup
Bought to close 1 TQQQ Dec 10 2021 138.0 Call at $24.76. Sold on a roll last Friday at $32.60.
Sold 1 TQQQ Dec 17 2021 139.0 Call at $24.78 and moved the strike up a point.
Waiting for my short diagonal TQQQ Dec 10 2021 170.0 Call to expire at the close
PYPL
Roll $PYPL Dec-10-21 185//Dec-17-21 185 #ShortPuts @ 2.3 #cashsecured
Probably be the last roll of this for the year.
COUP
#JadeLizards – Looking a little weak so taking the stop out at .05 loss.
Bought to Close COUP DEC 31 2021 150.0/175.0/180.0 Jade Lizard @ 5.30 (sold for 5.25)
LOVE Put Close
#shortputs #earnings
$LOVE BTC 12/17 55 put at .05. STO at 3.40 on Tuesday.
SPX trades
#SPX5dte Bought to Open $SPX Dec 15th 4645/4665-4675/4695 for 17.35.
Sold to close Dec 10th 4585/4605-4625/4645 condors for 18.60. Bought on Monday for 18.05. Market losing some stability so not going to risk going into the dead zone tomorrow.
LABU ladder
Sold the following ladder:
$LABU Dec 23 32 puts @ 1.45
$LABU Dec 31 30 puts @ 1.40
$LABU Jan 7 30 puts @ 1.80
LABU double dip
Bought to close LABU Dec 10 2021 30.0 Puts at $0.03. Sold Last Friday on a rolldown at $1.04
Sold to Open LABU Dec 10 2021 35.0 Puts at $0.28 for my 2nd write for this week.
LABU is 38 and this expires tomorrow.
#DoubleDip
TQQQ Call rollup
Like my earlier TSLA rollup, the strike I wanted to roll to for next week was not available, so I had to pay some cash to increase the strike for next week.
Bought to close 1 TQQQ Dec 10 2021 146.0 Call at $18.84. Sold on a roll last week at $20.80.
Sold to Open 1 TQQQ Dec 17 2021 150.0 Call at $17.04 for a debit of 1.80, but bumped the short strike up 4 points.
ROKU
#ShortPuts – Jumping back in.
Sold ROKU DEC 23 2021 215.0 Put @ 3.75
AMZN Iron Condor
Selling some premium here with IV still a bit elevated. Sold to open $AMZN Jan 21 3150/3200/3800/3850 iron condor @ 14.40. Short puts 17 delta, short calls 21 delta.
CMCSA stock
The only #SP500 stock hitting a new low today.
Bought a tiny bit at $48.00
#FallingKnife
TQQQ Call rollup
Bought to close 1 TQQQ Dec 10 2021 155.0 Call / Sold to Open 1 TQQQ Dec 17 2021 157.5 Call at $0.32 Credit
TSLA Call Rollup
Rolled up one of my 2 remaining bearish calls to next week. Unfortunately, I am rolling up a 900 Call and there is no 905 Call to roll to, and I can’t roll it up to 910 at a credit.
Bought to close 1 TSLA Dec 10 2021 900.0 Call at $136.70. Sold on a rollup last week at $170.00
Sold to Open 1 TSLA Dec 17 2021 910.0 Call at $133.20 for a debit of 3.50 but a 10 point bump up in strike. I hate spending cash to do a rollup but it is sometimes necessary.
More VXX Puts
One last #VXXContango trade for this week, adding to what I did yesterday.
Bought to Open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Dec 10 2021 21.0 Puts at $0.15 Net Credit
Long side = 407 DTE
Short side = 2 DTE
TQQQ,
BTC December 10, 105 put at .01, sold at 1.22
SNAP Call Roll / TSLA Put Close
#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
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.
SOXL Put Close / SNAP ZIM UPST Call Roll
#shortputs
$SOXL BTC 12/17 50 put at .40. STO at 2.09. Thank you @fuzzballl
#coveredcalls
$SNAP BTC 12/10 50 call and STO 12/17 52 call at cost of .15
$ZIM BTC 12/17 60 call and STO 1/21 65 call at added credit of .45. High long call volume on this stock
$UPST BTC 12/10 172.5 call and STO 12/17 180 call at added cost of 2.45. Would gain 7.50 if called away. Stock closed at 193.88
Closing CAT for a small profit
Been rolling this one around since I put the original 185/220 strangle on. Position was rolled down and up 3 times to end up with a 200 straddle.
Bought to close $CAT 12/17 200 straddle @ 8.30. Total premium taken in 8.66, so a profit of .36.
Will look to reinitiate something in Jan with IV still elevated.
Options Bistro 