#SPX1dte Expiring: $SPX Jan 31st 4245/4265-4535/4555 condors, sold Friday for 1.65.
Daily Archives: Monday, January 31, 2022
TQQQ,
BTC February 25, 47.5 put at 1.30, sold at 1.14 but that is the last position I have in the TQQQ put strategy until I think the bear market is over.
TQQQ,
BTC March 18, 42.5 put at 1.62, sold at 1.16 so a small loss
BTC March 28, 40 put at 1.30, sold at 1.15, another small loss
If the FED is going to raise rates, this could be a long bear market and I want to have cash until we are in another bull market.
STO TQQQ BWB 75/90/95 in my IRA at .92 for March 18
RIVN Calls
Sold 1 RIVN Feb 04 2022 74.0 Call at $0.55
SOXL
#CoveredCalls – On a lower priced lot I’m covering more aggressively since I wouldn’t mind getting them called away.
Sold SOXL FEB 4 2022 43.0 Call @ 2.25
Rolled SOXL FEB 4 2022 47.5 Call to FEB 4 2022 43.0 Call @ 1.60 credit (4.25 total now)
39.75 basis on this lot.
SOXL
#CoveredCalls – Uncovering some stock in case we get any follow through this week.
Bought to Close SOXL FEB 4 2022 47.0 Call @ .67 (sold for 1.85)
Bought to Close SOXL FEB 4 2022 48.5 Call @ .40 (sold for 1.35)
VXX Put Spreads
Bought to open VXX Apr 14 2022 12.0 Puts at $0.10
Sold to Open VXX Feb 04 2022 20.0 Puts at $0.14
Short DTE = 4
Long DTE = 73
My first buy of the April contracts. Could they be ITM by April – Absolutely!!
Could the Feb 04 VXX 20’s be ITM by Friday – Absolutely!! – but they can be rolled very easily for additional premium.
#VXXContango
TNA Call Ladder
Sold TNA Feb 04 2022 67.0 Calls at $0.44 & $0.50
Sold 1 TNA Feb 04 2022 66.0 Call at $0.57
Sold 1 TNA Feb 04 2022 65.0 Call at $0.70
Sold 1 TNA Feb 04 2022 64.0 Call at $0.80
Sold 1 TNA Feb 04 2022 63.0 Call at $0.86
Sold 1 TNA Feb 04 2022 62.0 Call at $0.99
Paired with TNA ITM Bull Put spreads rolled over last week.
SPY
#ShortPuts – Taking over half with 46 days to go. Probably get a chance to sell it again.
Bought to Close SPY MAR 18 2022 375.0 Put @ 2.49 (sold for 5.30)
TQQQ Covered Call Ladder
Sold TQQQ Feb 04 2022 65.0 Call at $0.30
Sold TQQQ Feb 04 2022 65.5 Call at $0.27
Sold TQQQ Feb 04 2022 66.0 Call at $0.24