#shortputs #earnings
$LOVE STO 12/17 55 puts at 2.40
Monthly Archives: December 2021
LABU Calls
Sold LABU Dec 10 2021 46.0 Calls at $0.45
Sold LABU Dec 10 2021 47.0 Call at $0.40
I’m already short the 46, 43 and 30 Puts for this week.
VXX Puts
With all my long VXX stock gone via assignment last Friday and all last week’s short puts covered at a penny, I’m wading back into some #VXXContango Trades.
Bought to Open 2 Contracts VXX Mar 18 2022 13.0 Puts / Sold to Open VXX Dec 10 2021 22.0 Puts at $0.07 Net Credit
Bought to Open 2 Contracts VXX Mar 18 2022 13.0 Puts / Sold to Open VXX Dec 17 2021 20.5 Puts at $0.03 Net Credit
Long side = 102 DTE
Short side = 4 DTE and 11 DTE
SPX trades
#SPX5dte Bought to Open $SPX Dec 13th 4665/4685-4695/4715 condors for 17.00, with SPX at 4689.
SPY
#ShortPuts – With the S&P up nearly 100 just have to take these.
Bought to Close SPY DEC 17 2021 430.0 Put @ .62 (sold for 3.31)
Bought to Close SPY JAN 21 2022 410.0 Put @ 2.25 (sold for 4.75)
NVDA
#JadeLizards – Almost half in a day. With 45 days to go I’ll take it here.
Bought to Close NVDA JAN 21 2022 225.0/325.0/330.0 Jade Lizard @ 3.75 (sold for 6.45)
NVDA
Superb vol crush in NVDA. Great heads up call yesterday Fuzzy!
VXX Long Puts
Getting ready for future #VXXContango Trades
Bought to Open VXX Jun 16 2023 5.0 Puts at $0.40.
I will eventually sell short term weekly puts to recover the cost.
TLRY Covered Calls
Sold TLRY Dec 23 2021 13.0 Calls at $0.15
RIVN Call Diagonal
Bought 1 RIVN Jan 07 2021 180.0 Call / Sold to Open 1 RIVN Dec 10 2021 127.0 Call at $0.17 Credit.
Since I’ve already got a Bull Put spread with the 105.0 Put short for Friday, that gives me a short 105 / 127 strangle with a total Dec 10 premium of $10.02
TNA Calls
Sold 1 TNA Dec 10 2021 90.0 Call at $0.52. I was already short a TNA 90.0 put that I rolled Friday.
Then I added more diagonal spreads.
Bought 1 Dec 23 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 90.5 Call at $0.26 Credit
Bought 1 Dec 31 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 91.0 Call at $0.02 Credit
Bought 1 Dec 31 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 91.5 Call at $0.02 Credit
Bought 1 Dec 31 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 92.0 Call at $0.02 Credit
SPX trades
#SPX5dte Bought to Open $SPX Dec 10th 4585/4605-4615/4625 condors for 18.05, with SPX at 4609.
Looks like I made exactly the wrong move on Friday by selling the call side of today’s 5-dte. Psychology gets me on those decisions way too often…. VIX was soaring and market was down, so I assume the market will continue down. Instead, I should have looked at the decent premium available for the put side and taken it, risking a small loss, but with a good chance of making it a big win today if we bounced. That would have happened if I hadn’t made the wrong choice. Now I just have to look for a pullback into the close, which is certainly possible with current volatility, but looking unlikely with continuing strength in last couple of hours.
NVDA
#JadeLizards – Breakeven down near the 200 day and no upside risk. With IV rank near 100 almost have to sell something here.
Sold NVDA JAN 21 2022 225.0/325.0/330.0 Jade Lizard @ 6.45
TSLA – unwinding a spread
Bought to close 1 TSLA Dec 10 2021 960.0 Call at $43.95. Sold on a rollup on Friday at $70.88
Sold to close 1 TSLA Dec 17 2021 1,000.0 Call at $44.00. Bought to open this on 09/27 at $9.79.
I haven’t tracked how many times I’ve rolled the short side up since September but each roll has been for a credit so this has to be a #WinWin Trade.
I also dumped all my long puts for the coming week at gains.
Sold to close 1 TSLA Dec 10 2021 700.0 Put at $1.20. Bought as the long side of last week’s BCS
Sold to close 1 TSLA Dec 10 2021 750.0 Put at $1.98. Bought as the long side of last week’s BCS
Options Expiration and -Lots of rolls-
Rolled LABU Puts, TQQQ Puts, TNA Puts, a TSLA Call, and lots and lots of VXX Calls
I’m fried right now so I’ll post those later
Expired:
LABU 12/03/2021 75/50 Bear Call Spreads
LABU 12/03/2021 58/47 Bear Call Spreads
SQQQ 12/03/2021 7.0 Covered Call
TLRY 12/03/2021 11.0 Covered Calls
TQQQ 12/03/2021 185.0 Call
TSLA 12/03/2021 750/890 Bull Put Spread
TSLA 12/03/2021 940.0 Diagonal Put
Assignments:
TLRY 12/03/2021 15.0 Puts – cost after put premium will be $10.68
All my VXX Stock was called away
VXX 12/03/2021 22.5 Covered Calls
VXX 12/03/2021 23.0 Covered Calls
VXX 12/03/2021 23.5 Covered Calls
Time for an adult beverage 🙂
FAS
STO FAS Dec17’21 90 PUT @1.80
SOXL
STO SOXL Dec17’21 45 PUT @1.20
TQQQ
STO TQQQ Dec17’21 105 PUT @1.73
ARKK
STO ARKK Jan21’22 70.96 PUT @1.62
SPX trades
#SPX5dte Sold to close $SPX Dec 6th 4605/4625 call spreads for 2.55. Holding put spreads for Monday for hopeful max credit. A bit risky as we have been getting big bounces on this correction, but even if that happens Monday I still think it will be the put side where I get most profit. Condors bought for 18.05 on Tuesday.
TQQQ,
BTC December 3, 105 put at .01, sold at .95
VIX rising
Indices are down, but not as dramatically as the $VIX is up. Probably a deeper market drop into the close.
RIVN Short Put Rolled down
Bought to Close 1 RIVN Dec 03 2021 110.0 Put/ Sold to Open 1 RIVN Dec 10 2021 105.0 Put at $1.23 Credit plus an extra 5 points lower on the short put.
I actually have two long puts to act as a hedge, a Dec 70.0 Put and a Jan 65.0 Put.
#OnlySpreads
DIS long term short puts
An OG @optioniceman #FallingKnife trade. Sold $DIS Mar 18 2022 115 puts @ 2.04, delta 12. Stock trading at 145.50, down around 30% from its 2021 highs. The strike price is at a level not seen since July 2020. If it’s below that price in March I’ll likely take assignment for just under 113.
soxl
TQQQ Call Closed
Bought to close 1 TQQQ Dec 03 2021 170.0 Call at $0.01. Sold last Friday on a roll at $4.40
RIVN long Put closed
Sold to close 1 RIVN Jan 21 2022 70.0 Put at $3.20.
Bought as part of a Diagonal Bull Put spread on 11/17 at $2.17.
Wrote against it several times and recovered the cost at least twice, and now out of this long with a point profit.
#WinWin
SHY,
This is the 1-3 year treasury bond and it is making a new low today.Just another 60 basis points and we will have a flat yield curve out to ten years.
FYI,
Note from Mark
Friday, Dec 3, 2021, 9:54 AM EST
DOCU highlights the inherent risk in this market and is yet another names that has succumbed to my 50/80 Rule, which states: Once a market leader puts in a secular top, there’s a 50 percent chance that it will decline by 80 percent—and an 80 percent chance it will decline by 50 percent.
Investors could have avoided this carnage if they adhered to my simple rule: avoid all stocks below the 200-day moving average and only buy stocks in a Stage 2 uptrend.
DOCU-slammed
Down 40% after earnings.
Sold to open $DOCU Jan 21 130/120 bull put spread @ 3.21
ZM
#CoveredCalls – Still underwater on this one. It’s one of my last couple stocks on individual companies. It could’ve been worse though. Been keeping the covered call 5 to 10 points in the money all the way down accumulating premium. More work to do.
Bought to Close ZM DEC 3 2021 200.0 Call @ .05 (sold for 51.35 accumulated premium)
Sold ZM DEC 17 2021 180.0 Call @ 10.35
VXX Puts
After rolling these down for months I’m finally out of my biggest VXX short put position.
Bought to close VXX Dec 03 2021 22.0 Puts at $0.01.
Sold last week at $1.29, $1.30, $1.33 and $1.40.
#OnlySpreads
Left with 2022, 2023 and even 2024 long puts.
#VXXContango
November Jobs Report
#Jobs — Below expectations, but both measures of UE down sharply.
Gain of +210,000 non-farm payroll jobs, vs. expected gain of 573K.
Unemployment at 4.2%, down by 0.4
U6 unemployment at 7.8%, down by 0.5
Labor force participation 61.8%, up by 0.2
Average hourly earnings up 4.8% year over year
October jobs revised up by +15K to +546K
September jobs revised up by +57K to +379K
TSLA
#JadeLizards – Selling two times the expected move on the downside. No upside risk.
Sold TSLA DEC 17 2021 775/1100/1110 Jade Lizard @ 10.50
SPX,
BTC December 3, 4430/4440 bull put spread at .20, sold yesterday at 1.25 and that makes up for the Iron Condor I took a loss on.
PYPL
Rolled Dec-03-21 185//Dec-10-21 185 #shortputs @ 2.78 Limit #cashsecured
BIIB Stock
Bought a tiny bit of BIIB at $225.00 and at today’s new low.
#SP500 #FallingKnife
VTRS Stock
Viatris is the combination of Mylan, maker of generic drugs and EpiPen emergency allergic reaction injection, and Pfizer’s (PFE) older drugs business called Upjohn.
Added to my position a tiny bit more at $12.00.
#SP500 #FallingKnife
TSLA Call Rolled up
Bought to close 1 TSLA Dec 03 2021 845.0 Call / Sold to Open 1 TSLA Dec 10 2021 850.0 Call at Even money but reduced my spread requirement $500.
SPX trades
#SPX5dte Sold to close $SPX Dec 3rd 4665/4645 put spreads for 18.20. Condors bought for 16.80 on Monday. Still holding call spreads.
DNUT
Krispy Kreme has been a dog since the IPO. But it’s up 6% at the open. Go figure. I’m long (small) via short Jan 12.50 and 20 puts.
TNA
STO TNA Jan2022 55 put for 3.98. IV at 99, IVR 86.
Stocks at the close
Bought a tiny bit more of GPS at $16.00 and PYPL at $180.00 at the closing bell
TQQQ Call Rollup
Bought to close 1 TQQQ Dec 03 2021 162.0 Call at $2.40. Sold last week on a roll at $8.74.
Replaced it with 1 short TQQQ Dec 10 2021 170.0 Call at $2.55 – added 8 points to the short strike
For Friday I still have a short 170.0 and 185.0 Calls and short puts at 145.0 and 137.50.
#OnlySpreads
SPX,
STO December 3, 4430/4440 bull put spread at 1.25, I decided to try this again.
VZ Stock
Added to my tiny VZ stock positions at $50.00.
Forward P/E under 10 and a 5% Divvy down here
Closing SPX
BTC $SPX Dec 4520/4545/4705/4730 iron condor @ 9.20. Sold for 4.10 this morning.
TSLA Puts
Sold these puts while I wait for a chance to roll my short calls
TSLA Dec 03 2021 845.0 Put at $0.36
TSLA Dec 03 2021 890.0 Put at $0.71
TSLA Dec 03 2021 940.0 Put at $1.37
#OnlySpreads
AKS LVS
the Re-opening trade is hereby cancelled
Bought tiny bits of these at new lows just in case I’m wrong
Bought ALK at $47.00
Bought LVS at $35.00
TQQQ Call rollup
Bought to close 1 TQQQ Dec 03 2021 152.0 Call / Sold to Open 1 TQQQ Dec 10 2021 155.0 Call at $0.45 Net Credit plus a 3-point bump in the short strike
CAT adjustment
Rolled $CAT Dec 17 210 calls down to 200 @ 1.90 credit. Position is now a short 200 straddle with 8.66 total premium taken in. Breakevens 191.34 and 208.66.
VXX bouncing a bit
Sold VXX Dec 03, 2021 26.5 Calls at $0.53 and $0.60.
The strike is slightly above Friday’s peak on VXX at 26.44.
I’m also hoping to be able to cover a bunch of short VXX puts on Friday
CCL CTXS T TFX stock
Added to my T position at 22.50, a fresh 5-year low.
Added to my TFX position at 290.00 and a new low.
Added to my tiny CTXS stock position at $80.00, and another new 3-year low.
Started a tiny new position in CCL at 17.00, also a new 52-week low.
#SP500 #FallingKnife
TNA Put closed
Sold to close 1 TNA Dec 03 2021 80.0 Put at $1.48. Bought on 11/15 at $ 0.53.
I didn’t want it to expire worthless on Friday with the market going up and the stock at 83.20
SPX trades
#SPX1dte STOPPED Bought to close $SPX Dec 1st 4655/4675 call spreads for 2.10. Condors sold yesterday for 1.35
SNAP BX WYNN Call
#coveredcalls #syntheticcoveredcalls
$SNAP STO 12/3 49 call at .86
$BX STO 12/3 150 call at .42
$WYNN STO 12/3 87 call at .30
SPX 3 day trade
Sold to open $SPX Dec 3 4520/4545/4705/4730 iron condor @ 4.10 with SPX at 4640. Short puts 13 delta, short calls 12 delta.
LABU Calls
Sold LABU Dec 03 2021 47.0 Calls at $0.40.
Paired with LABU 35, 43 and 46 short puts for this week.
If the calls are threatened the puts are golden.
TNA
Early roll $TNA Dec-03-21 85//Dec-10-21 85 #CoveredCalls @ 2.1
Probably could squeak a bit more out of it now.
FXI
#ShortPuts – Adding.
Sold FXI DEC 17 2021 39.0 Puts @ 1.35
SOXL TQQQ
#ShortPuts – Taking these here.
Bought to Close SOXL DEC 3 2021 55.0 Put @ .15 (sold for 2.70)
Bought to Close TQQQ DEC 10 2021 120.0 Put @ .25 (sold for 2.25)
VXX Puts
Bought to close VXX Dec 03 2021 20.0 Puts at $0.01 after many rolldowns.
#VXXContango
Options Bistro 