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Daily Archives: Thursday, February 17, 2022
ARKK
#CoveredCalls – Still plugging away on these.
Bought to Close ARKK FEB 18 2022 74.0 Calls @ .04 (sold for 2.18)
CRM MMM Stock
Added a tiny bit to my MMM stock at 148.51
Started a tiny new position in CRM at $200.00
Both at new lows
#SP500 #FallingKnife
XLV Put rolldown
Last one in this name for this week:
Bought to close 1 XLV Feb 18 2022 129.0 Put at $0.98. Sold on Monday at $1.52
Sold to Open 1 t XLV Feb 25 2022 127.0 Put at $1.05 for a $0.07 Credit and 2 point better strike
SPX 1dte
#SPX1dte Sold to Open $SPX Feb 18th 4225/4245-4475/4495 condors for 1.50, SPX at 4378, IV 32%, deltas -.06 +.06
VXX Puts
For next week. All this week’s short VXX puts will expire tomorrow.
I didn’t expect this to fill with VXX above 22.50
Bought to open VXX May 20 2022 11.0 Puts at $0.09
Sold to Open VXX Feb 25 2022 19.0 Puts at $0.17
Long DTE = 92
Short DTE = 8
#VXXContango
VXX Calls rolled
Normally I would wait this out until tomorrow but I’m on the road all day and it’s tough trading at the occasional rest stop.
Also, managing risk in VXX since I have a lot of calls written at 23 and above that I hope will expire.
Bought to close VXX Feb 18 2022 22.0 Calls at $1.01. Sold last week on a rollup at $2.39
Sold to Open VXX Feb 25 2022 25.0 Calls at $1.06 for $0.05 Credit and bumped the strike up 3 points.
SPX stopped
#SPX1dte Stop hit at 4494 and then nothing but down movement since then… Bought to close $SPX Feb 17th (monthlys) 4355/4335 put spreads for 4.50. Condors sold for 1.55 yesterday. My closing trade probably means we get the bounce now.
SVXY
#ShortPuts – VIX pushing 30 and futures in backwardation. Can’t believe this thing is holding up this well. Small add here.
Sold SVXY MAR 18 2022 48.0 Put @ 2.10
SPY Covered Strangles
#CoveredStrangles #ShortPuts – Pre-selling to setup future covered strangles:
STO Feb 22 2022 438 Put @ 4.50
STO Mar 4 2022 438 Put @ 8.25
Both are at the 50-Wk MA.
Edit – added another one:
STO Feb 25 2022 438 Put @ 6.50
XBI
#ShortPuts – Adding.
Sold XBI MAR 18 2022 86.0 Put @ 2.70
XLV Put Rollout and rolldown
Bought to close XLV Feb 18 2022 133.0 Puts / Sold XLV Feb 25 2022 133.0 Puts at $0.20 Credit
Bought to close 1 XLV Feb 18 2022 131.0 Put / Sold XLV Feb 25 2022 130.0 Put at $0.07 Credit plus 1 point lower strike
Bought to close 1 XLV Feb 18 2022 130.0 Put / Sold XLV Feb 25 2022 129.0 Put at $0.34 Credit plus 1 point lower strike
RIVN Put Rolldown and rollout
Bought to close RIVN Feb 18 2022 71.0 Puts at $2.98. Sold on a rolldown last week at $6.17
Sold to Open RIVN Feb 25 2022 69.0 Puts at $3.68 for a $0.70 Credit and a 2 point lower strike.
Bought to close RIVN Feb 18 2022 80.0 Puts at $12.81. Sold on a roll last week at $16.17
Sold to Open RIVN Feb 25 2022 80.0 Puts at $13.35 for a $0.54 Credit
LABU Puts
another scalp trade –
Sold LABU Feb 18 2022 16.0 Puts at $0.15
VXX Calls 1-DTE
Scalp trades –
Sold 1 VXX Feb 18 2022 24.5 Call at $0.40
Sold 1 VXX Feb 18 2022 23.5 Call at $0.48
ADSK ECL GPS GRMN PYPL UAA Stocks
Added a tiny bit of ADSK at $223.00
Added a tiny bit of ECL at $180.00
Added a tiny bit of GPS at $14.61
Added a tiny bit of PYPL at $108.00
Added a tiny bit of UAA at $16.97
Started a tiny new position in GRMN at $113.00
All new lows
#SP500 #FallingKnife
TNA
#ShortPuts – Yesterday…
Bought to Close TNA FEB 18 2022 50.0 Put @ .05 (sold for 1.65)
Sold TNA MAR 18 2022 45.0 Put @ 1.30
Sold TNA MAR 18 2022 50.0 Put @ 2.05
SPY
#ShortPuts – Sold SPY MAR 18 2022 405.0 Put @ 3.30
NVDA
#ShortPuts – Adding post earnings.
Sold NVDA MAR 18 2022 210.0 Put @ 3.15
Options Bistro 