It does not seem it is doing much as an indicator these days.
Monthly Archives: January 2022
AMZN 1/28
Speculative trade/small position. Sold to open $AMZN Jan 28 3090/3080 bull put spread @ 1.80. Strikes are below the big flush/intraday low on 1/10. Expiration is prior to earnings.
SPX 1dte
#SPX1dte Sold to Open $SPX Jan 14th 4560/4580-4745/4765 condors for 1.20, SPX at 4673, deltas -.07 +.06, IV 16%.
VXX Calls
New Diagonal for next week
Bought VXX Feb 18 2022 40.0 Calls at $0.40
Sold VXX Jan 21 2022 20.5 Calls at $0.44
VXX approaching 18.40
Short DTE = 8
Long DTE = 36
SOXL
T Stock
Here’s one #FallingKnife stock that I actually bought 6 times as it fell from to $25.83 to $22.50.
Wasn’t too worried because of the low forward P/E and the generous dividend.
Selling off the first lot today at $27.00. (and it just went Ex-div on Jan 07, 2022)
Next sale attempt at 28.00, just above the falling 200-day moving average.
Former #FallingKnife
SOXL
#ShortPuts – Scalped this expiration once and now jumping back in.
Sold SOXL FEB 25 2022 50.0 Put @ 2.70
Sold SOXL FEB 25 2022 55.0 Put @ 4.00
VXX Calls
Wrote against my last long VXX Calls
Sold VXX Jan 14 2022 18.5 Call at $0.25 and $0.26
TQQQ Call Rollup
Bought to close TQQQ Jan 14 2022 71.5 Calls / Sold to Open TQQQ Jan 21 2022 73.0 Calls at $0.05 Net Credit
Edit: I may have been early … again
EWZ
#ShortPuts – Taking a little off the table. Still holding some for next week.
Bought to Close EWZ JAN 21 2022 28.0 Puts @ .22 (sold for 1.18)
Bought to Close EWZ JAN 21 2022 29.0 Puts @ .58 (sold for 1.80)
Rolled EWZ JAN 21 2022 33.0 Puts to EWZ FEB 18 2022 33.0 Puts @ .05 credit (4.10 total now)
TQQQ
#ShortPuts – Taking this now since it was an extra trade in this week outside the normal ladder. Pre split prices.
Bought to Close TQQQ JAN 14 2022 145.0 Put @ .86 (sold for 2.65)
ARKK
#CoveredCalls – Another round.
Bought to Close ARKK JAN 14 2022 89.22 Calls @ .05 (sold for 1.35)
Sold ARKK JAN 21 2022 85.22 Calls @ 1.44
TQQQ
#ShortPuts – Plenty of time to sell this one again. Pre split numbers.
Bought to Close TQQQ FEB 25 2022 115.0 Put @ 3.16 (sold for 5.35)
TQQQ,
BTC January 14, 105 puts, now the 52.5 puts at .01, sold at 1.25 or .625 cents.
TQQQ,
BTC February 25, 115 put at 3.35, sold at 5.31
It’s KOLD again
Bought KOLD Aug 19 2022 4.0 Put at $0.37
Sold to Open KOLD Jan 21 2022 8.0 Put at $0.62
Short DTE = 9
Long DTE = 219
KOLD Currently 8.23
TQQQ,
BTC February 4, 125 put at 2.20, sold at 2.25
CCL Stock
Sold my tiny bit of CCL at $22.38. Bought on 12/01 at $17.00 and was never able to average down.
Now I’m sure it will go much higher but it’s hard to pass up a 30% gain after only a month.
Former #FallingKnife
TQQQ,
BTC January 28, 125 put at 1.50, sold at 1.81
TQQQ,
BTC February 18, 125 put at 4.40, sold at 4.65, Just want to reduce risk and free up margin.
TQQQ,
BTC January 21, 125 put at .57, sold at 3.80
VXX Call
Used the tiny pop in VXX to sell more calls for this week. Partial offset to some really large short put positions.
Sold 1 VXX Jan 14 2022 19.0 Call at $0.30
Sold VXX Jan 14 2022 20.0 Calls at $0.19
VXX1 Puts
Continuing to liquidate the long side of some REALLY ancient #VXXContango trades. Sold next 2 lots and will try for higher prices.
Sold to close VXX1 Jan 21 2022 6.0 Puts at $1.66 and $1.70 .
New Life-of-contract high since the reverse split on VXX.
Bought these on 08/24/2020 at $0.66 and on 11/16/2020 at $0.32.
Equals $6.64 and $6.80 on the current strike 24 puts
TQQQ Call
Don’t want to get too heavy into this position this week because of the upcoming split.
Still, I sold 1 TQQQ Jan 14 2022 160.0 Diagonal Call at $1.00.
Hoping to keep my TQQQ Puts out of the money for 3 more days.
SOXL
#ShortPuts – When I sold these so far out in time figured I’d get a chance to scalp them. Plenty of time to sell again on the next pullback.
Bought to Close SOXL FEB 25 2022 55.0 Puts @ 3.35 (sold for 4.75 and 5.25)
SOXL
#coveredcalls
sto, 14 JAN 2022 69 CALL @.40
done yesterday/was road tripping.
NFLX TSLA
#JadeLizards – Not sure if these will come back enough so taking gains now.
Bought to Close NFLX JAN 14 2022 510/535/540 Jade Lizard @ 3.32 (sold for 5.10)
Bought to Close TSLA JAN 21 2022 860/1050/1060 Jade Lizard @ 7.50 (sold for 10.10)
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 12th 4590/4610-4765/4785 condors for 1.25, SPX at 4705, deltas -.05 +.07
More VXX Puts
Selling a couple of my old #VXXContango long puts
Sold VXX Jan 21 2022 18.0 Puts at $1.00
Bought these last September at $0.80 and $0.90.
I still have a couple more of these long that I think I should hold on to until this week’s expiration is done.
TQQQ
Nice recovery today that is taking most of my short puts back out of the money. Still, I need it a bit higher.
Sold 1 TQQQ Jan 14 2022 157.5 Diagonal Call at $1.03
Sold 1 TQQQ Jan 14 2022 159.0 Diagonal Call at $0.93
#OnlySpreads
VXX Puts
Jan 21st is fast approaching.
I have some VXX1 long puts that are deep in-the-money but VXX could go much lower by expiration day.
So, I’m squeezing out as much additional time premium as I can by writing against them before they expire.
Sold VXX Jan 14 2022 17.0 Puts at $0.08
Sold VXX Jan 21 2022 16.5 Puts at $0.14, $0.15 and $0.17
Also added a new #VXXContango Spread
Bought to Open VXX Mar 18 2022 13.0 Puts / Sold to Open VXX Jan 21 2022 17.0 Puts at $0.04 Credit.
Long position DTE = 66
Short position DTE = 10
RIVN
Yesterday I sold 1 RIVN Jan 14 2022 75.0 Diagonal Put at $2.36.
Today I’m pairing that up with 1 RIVN Jan 14 2022 91.0 Diagonal Call at $1.69
VXX Puts
Paired with numerous call sales this morning
Sold VXX Jan 14 2022 17.5 Puts at $0.15, $0.16 & $0.17
SPY SVXY
#ShortPuts – Scalp enough small ones and they start adding up.
Bought to Close SVXY FEB 18 2022 50.0 Put @ 1.30 (sold this morning for 2.10)
Bought to Close SPY FEB 18 2022 435.0 Put @ 3.30 (sold this morning @ 4.45)
TSLA Call
After the expiration of my TSLA 01/07/2022 1125.0 Diagonal Call on Friday I was left with a long TSLA Jan 21 2022 1200.0 Call trading at about 6 points. Since this position expires before #Earnings week I’m pretty certain that this position will expire worthless. It is more than paid for from previous writes against it since late November.
Instead of selling it, I’m chancing one more #DoubleDip write for this week. Who knows where it will be on Friday, but I sold some pretty aggressive TSLA puts this morning, so this will give me an extra diagonal Call spread to pair off with the puts.
Sold 1 TSLA Jan 14 2022 1,130.0 Call at $5.75
TQQQ
#LongStock – Not a big position but still a fun little scalp.
Sold stock @ 140.28 (bought this morning for 134.60)
TQQQ 2/25
Sold to open $TQQQ Feb 25 110 put @ 5.55
Rolling TQQQ
Rolled $TQQQ Jan 14 140 put down 15 points and out to 2/18 125 put @ 1.60 credit.
ROST TMUS TTWO Stock
Started a tiny new position in ROST at $103.60
Added to my TMUS position at $106.70
Back into TTWO at $140.80 after exiting it last October at $175.55.
All these buys were at new 52-week Lows (surprised that there weren’t more this morning)
#SP500
#FallingKnife
VXX Call Ladder
I have a bunch of excess long calls left over from last week’s diagonal spreads.
Starting to write against them
Sold 1 VXX Jan 14 2022 21.0 Call at $0.98
Sold 1 VXX Jan 14 2022 21.5 Call at $0.82
Sold 1 VXX Jan 14 2022 22.0 Call at $0.71
XLV Put spreads again
Bought to open XLV Mar 18 2022 115 Put / Sold to Open XLV Jan 14 2022 132.5 Put at $0.08 Credit
Bought to open XLV Mar 18 2022 116 Put / Sold to Open XLV Jan 14 2022 132.5 Put at $0.10 Credit
#OnlySpreads
TLRY
Sold TLRY Jan 14 2022 10.5 Covered Calls @ 0.08
TSLA
With two TSLA Bear Call Spreads already in place I added a couple of Diagonal Puts on the open.
Sold 1 TSLA Jan 14 2022 800.0 Put at $2.37 against an existing Jan 710 Put. #TripleDip
Bought to Open 1 TSLA Feb 04 2022 730.0 Put / Sold to Open 1 TSLA Jan 14 2022 900.0 Put at $0.55 Credit.
This gets one of my long put positions out past earnings.
SVXY
#ShortPuts – Starter.
Sold SVXY FEB 18 2022 50.0 Put @ 2.10
TQQQ
#LongStock – Tiny little buy @ 134.60 with the split coming Thursday. If I had to estimate this would be about 5 percent size.
Closing AMC
Bought to close $AMC Jan 21 22 puts @ 2.12. Sold for 2.30 on 12/17.
SPX trades
#SPX1dte STOPPED Bought to close $SPX Jan 10th 4605/4585 put spreads for 6.75. Condors sold for 1.25 on Friday. My two month slide of misery continues. As I posted earlier the $VIX really has not spiked until today, meaning my condors have not been wide enough for this dropping market. Last week I stopped trading the #SPX5dte due to persistent losses, but the 1-dte trades have ALSO been failing at an usually bad rate lately.
Closing AMZN
Bought to close $AMZN Jan 21 3150/3200/3800/3850 iron condor @ 26.55. Sold for 14.40 on 12/9.
SPY
#ShortPuts – Back to the old standby trade for implosions. Selling the expected move and below the 200 day. Starter position…
Sold SPY FEB 18 2022 435.0 Put @ 4.45
VIX Indicator
#VIXindicator This is probably the biggest drop I’ve seen since creating this indicator wherein an Upside Warning has not been canceled. It may be time to look at some of the rules and whether the behavior of $VIX and market over past couple years calls for some tweaks.
SOXL
#assignment
1/7/22 69 put , sold for 1.17
Dared Mr. market /looking to cover next week.
Markets
NASDAQ at critical support
LABU
btc, 18 MAR 2022, 50 CALL @.56 /sold for 4.50
70 days to go will take profit and wait for next bump up.
edit
OptionsExpiration
For the third week in a row all my short VXX Puts and Calls expired along with numerous re-writes against worthless old VXX long positions.
The pull back flipped my TQQQ risk from the call side to the put side so I’m looking for a NASDAQ bounceback next week.
Expired:
LABU 01/07/2022 50/42 Bear Call Spreads
LABU 01/07/2022 36.50 Covered Calls
RIVN 01/07/2022 180/107 Bear Call Spread
TLRY 01/07/2022 9.5 Covered Call
TNA 01/07/2022 110/90 Bear Call Spread
TNA 01/07/2022 90.0 Diagonal Call
TNA 01/07/2022 85.0 Diagonal Call
TNA 01/07/2022 84.0 Diagonal Calls
TQQQ 01/07/2022 190/171 Bear Call Spreads
TQQQ 01/07/2022 190/167 Bear Call Spread
TSLA 01/07/2022 1125.0 Diagonal Call
VXX 01/07/2022 17.0 Diagonal Puts
VXX 01/07/2022 17.5 Diagonal Puts
VXX 01/07/2022 19.0 Diagonal Calls
VXX 01/07/2022 19.5 Diagonal Calls
VXX 01/07/2022 30/20 Bear Call Spread
VXX 01/07/2022 31/20 Bear Call Spread
VXX 01/07/2022 32/20 Bear Call Spread
VXX 01/07/2022 33/20 Bear Call Spread
VXX 01/07/2022 34/20 Bear Call Spread
VXX 01/07/2022 48/20.5 Bear Call Spreads
VXX 01/07/2022 49/21 Bear Call Spreads
VXX 01/07/2022 50/21 Bear Call Spreads
VXX 01/07/2022 50/21.5 Bear Call Spread
LABU XLV Put Rolls
Last trades for this week
Rolled my LABU 32 Put to next week for a $0.59 Credit
Rolled down my XLV 136 Puts to next week’s 135.50 Puts for a $0.14 Credit and gained $0.50 on the short strike.
NFLX pre earnings
#JadeLizards – Playing for a little more downside selling outside the expected move on the put side. Pretty narrow window here. Earnings the following week.
Sold NFLX JAN 14 2022 510/535/540 Jade Lizard @ 5.10
VXX Puts
Looking to replace puts for this week that are just about to expire
Sold VXX 01/14/2022 17.0 Puts @ 0.07
Sold VXX 01/14/2022 17.5 Puts @ 0.15 and $0.16.
I’m long plenty of Jan 21st puts to hedge these.
#OnlySpreads
TQQQ Call Closed and Puts Rolled
Bought to close 1 TQQQ Jan 07 2022 153.0 Call at $0.01. Sold last Friday on a roll at $15.30
Rolled this week’s 153 puts down 2 points to next week’s 151 puts at $0.71 Credit
Rolled this week’s 152 puts down 3 points to next week’s 149 puts at $0.25 Credit
Rolled this week’s 151 puts down 4 points to next week’s 147 puts at $0.25 Credit
Rolled this week’s 150 puts down 5 points to next week’s 145 puts at $0.38 Credit
I have other TQQQ short calls that expire today too
SPX 1-dte
#SPX1dter Sold to Open $SPX Jan 10th 4585/4605-4760/4780 condors for 1.25, SPX at 4694, IV 10.3%, deltas -.06 +.06
Expected to expire: Jan 7th 4590/4610-4760/4780 condors, sold yesterday for 1.20.
A whole lota TSLA goin’ on
Bought to close TSLA 01/07/2022 885.0 Puts at $0.02
Closed both sides of my TSLA 880/1015 Diagonal Calendar Bull Put spread at a Credit of $1.75.
Sold this spread on Wednesday for a small Credit so a #WinWin as I had a gain on both sides of the spread.
Then I sold 1 TSLA Jan 14 2022 840.0 Diagonal Put at $1.60 against long Jan monthly Puts.
#OnlySpreads
TQQQ
STO February 18, 180/195/200 butterfly at.85
TSLA Call major rollup
Bought to close 1 TSLA Jan 07 2022 1,015.0 Diagonal Call at $8.87. Sold on a rollup last Friday at $65.31.
Sold to Open 1 TSLA Jan 14 2022 1,100.0 Call at $10.24.
A credit of $1.37 and a giant 85 Point jump in the short strike. The new strike is above today’s high of 1080.93.
My long Feb TSLA Call has now been more than paid for as we approach #Earnings in a couple of weeks.
#OnlySpreads
TQQQ,
STO February 25, 115 put at 5.31
TQQQ,
STO February 25, 95 put at 2.27
RIVN Put Rolldown
Bought to close RIVN Jan 07 2022 90.0 Diagonal Puts / Sold to Open RIVN Jan 14 2022 83.0 Puts at $0.05 Credit but a 7 point lower strike.
At least my RIVN Bear call spread will expire today
EWZ
#ShortPuts – Missed this one yesterday. Figuring this thing has to recover at some point. Gradually adding when I’m in the mood. LOL
Sold EWZ JAN 21 2022 31.0 Put @ 4.15
TQQQ,
BTC January 7, 115 put at .01, sold at 2.80
ROKU
#ShortPuts – Popping out of a squeeze to the downside. Not sure how far it’ll go but I’ll take a shot. Two weeks before earnings and outside the expected move. This would get the stock at about 70 percent off the highs.
Sold ROKU FEB 4 2022 145.0 Put @ 2.75
TQQQ
#ShortPuts – First one in this expiration.
Sold TQQQ FEB 25 2022 115.0 Put @ 5.35
KWEB SOXL TSLA
#ShortPuts #JadeLizards – A liitle bit of everything.
KWEB: Covered rolling.
Rolled KWEB JAN 7 2022 32.42 Call to JAN 21 2022 32.42 Call @ .25 credit
SOXL: Filling out the ladder more aggressively. Double dip on some of these. #TakeOneForTheTeam possibility?
Sold SOXL JAN 28 2022 60.0 Put @ 3.80
Sold SOXL FEB 11 2022 55.0 Put @ 3.50
Sold SOXL FEB 25 2022 55.0 Puts @ 4.75 and 5.25
TSLA: Taking a shot on a little more downside…week before earnings.
Sold TSLA JAN 21 2022 860/1050/1060 Jade Lizard @ 10.10
GPN stock
Sold my oldest and highest cost lot of GPN at $153.57.
Bought it back on October 12th at $149.75, and 3 more times after that.
Former #FallingKnife
Closing DIS
Taking this off a couple of months early. Bought to close March 18 115 puts @ .35. Sold for 2.04 on 12/3.
VXX Calls
Starting in on next week’s writes
Sold VXX Jan 14 2022 21.0 Diagonal Calls at $0.63 and at $0.74
#OnlySpreads
TSLA Call Rollup
Bought to close 1 TSLA Jan 07 2022 940.0 Diagonal Call at $103.31. Sold last week on a roll at $127.45.
Sold to Open 1 TSLA Jan 14 2022 950.0 Call at $103.33 for a tiny credit but bumped the short strike 10 points.
Still waiting to see how my TSLA 1015.0 short Straddle works out today.
HUM Stock
Started tiny a new position in Humana at yesterday’s panic low (and new 52-week low) of $358.28
Options Bistro 