Rolled this week’s TQQQ Apr 01 2022 51.0 Calls to next week’s TQQQ Apr 08 2022 51.5 Calls at $0.02 Credit and added $0.50 to the short strike.
#OnlySpreads
Monthly Archives: March 2022
SPX trades
#SPX1dte Sold to Open $SPX April 1st 4455/4475-4635/4655 condors for 1.20, SPX at 4560, IV 21.2%, deltas -.06 +.06
Expiring: March 31st 4490/4510-4660/4680 condors, sold yesterday for 1.375
#SPX5dte Sold to close $SPX March 31st 4555/4575 call spreads for 9.85. Condors bought for 16.90 on Monday. Puts sold for 1.30 yesterday. So loss of 5.75. What a disappointment. Another Upside Warning that has fizzled out immediately (last one was similar, from Dec 27th, but that time we at least got a few days before a drop). This trade looked like it would survive only a few minutes ago. I have been playing this strategy very conservatively and should have stuck to that approach and sold for 18.00 earlier in the hour.
DHI FBHS TFX Stock
First the good.
Sold half my remaining TFX stock at $355.05 at the 2022 high. Bought this lot on 11/26/2021 at $310.00.
#FormerFallingKnife
Added to my position in FBHS at $75.00 and at a new 52-week low.
Started a new position in DHI at $75.00, also at a new low.
#SP500 #FallingKnife
FAS
#ShortPuts – Adding.
Sold FAS MAY 20 2022 95.0 Put @ 3.20
TQQQ Covered Calls Rolled
Rolled this week’s TQQQ Apr 01 2022 46.0 Calls to next week’s TQQQ Apr 08 2022 46.0 Calls at $0.12 Credit.
Rolled this week’s TQQQ Apr 01 2022 48.0 Calls to next week’s TQQQ Apr 08 2022 48.0 Calls at $0.17 Credit.
Rolled this week’s TQQQ Apr 01 2022 48.5 Calls to next week’s TQQQ Apr 08 2022 48.5 Calls at $0.22 Credit.
Bringing in cash while keeping a hefty dose of downside protection
SOXL
rolled 8 APR 2022/1 APR 2022 34 CALL @.48 / total 2.09
MARKETS
Amid an utter shitshow of macro, micro, political, and geopolitical chaos, the S&P 500 is less than 4% from its all-time record closing high in early January…
As Goldman’s Tony Pasquariello noted, “this is what bear market rallies look like… These types of vicious rips higher are a feature, not an oddity.”
https://www.zerohedge.com/markets/do-you-feel-lucky-8-reasons-question-markets-recent-rip
LABU Call Rollup
Bought to close LABU Apr 01 2022 16.0 Calls at $0.70. Sold on a rollup last Friday at $1.62
Sold to Open LABU Apr 08 2022 17.0 Calls at $0.85 for a $0.15 Credit with the strike a point higher.
With today’s earlier put roll, I have a LABU 15.5/17 short strangle for next week.
ADBE ARKK NFLX SOXL
#ShortPuts #CoveredCalls – A little bit of both.
ADBE: Closed call side of Jade Lizard leaving short 425 strike put.
Bought to Close ADBE APR 14 2022 440/455 Bear Call Spread @ 10.50 (Lizard sold for 15.95)
ARKK: Continuing stock replacement.
Sold ARKK APR 22 2022 66.0 Put @ 3.20
Sold ARKK APR 22 2022 67.0 Put @ 3.60
NFLX: Rolling covered.
Rolled NFLX APR 1 2022 355.0 Call to APR 8 2022 357.5 Call @ .15 debit
SOXL: Adding
Sold SOXL MAY 13 2022 35.0 Put @ 2.75
LABU Put Rolldown
Bought to close 1 LABU Apr 01 2022 16.5 Put at $0.67. Sold last Friday on a rolldown at $1.08
Sold to Open 1 LABU Apr 08 2022 15.5 Put at $0.82 for a $0.15 Credit with the strike a point lower.
NLSN WHR Stocks
First the good
Sold off my next lot of NLSN at $27.21 near today’s YTD high.
Bought this on 02/18/2022 at $17.50
#FormerFallingKnife
Added a tiny bit to my WHR stock at a new low of $179.00.
(its current annualized dividend of $7 is up 28.4% from last year. Over the last 5 years, Whirlpool has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.63%.)
#SP500 #FallingKnife
SOXL TSLA TQQQ
#ShortPuts #JadeLizards – A few today.
Sold SOXL APR 29 2022 40.0 Put @ 2.70
Sold SOXL MAY 6 2022 37.5 Put @ 2.70
Bought to Close TSLA APR 14 2022 750/1000/1005 Jade Lizard @ 4.55 (sold for 5.60)
Sold TQQQ APR 22 2022 57.5 Put @ 2.70
Sold TQQQ APR 29 2022 55.0 Put @ 2.50
SPX trades
#SPX5dte Sold to close $SPX March 31st 4545/4525 put spreads for 1.30. Condors bought for 16.90 on Monday. Looking for 20.00 max credit tomorrow on the 4555/4575 call spreads.
Closing June TSLA
Bought to close $TSLA Jun 17 600 put @ 4.35. Sold for 21.00 on 1/6. Taking it off for around 80% of the max profit a couple of months early.
TQQQ long Call
Pushing my long hedge up and out 3 weeks so I can continue to write against it while still bringing in enough cash to cover my initial cost.
Sold to Close 1 TQQQ Apr 08 2022 58.0 Call at $5.40. Bought this on 3/16 at $0.46 as a long hedge in a diagonal call spread
Bought to Open 1 TQQQ Apr 29 2022 62.0 Call at $4.90 for a $0.50 Net Credit.
This works best if TQQQ falls back from it’s present high in the next few weeks.
TQQQ early Call rollup
Rolling these ITM calls while I can still get extra premium going up a strike price for next week.
Bought to close TQQQ Apr 01 2022 54.0 Calls / Sold to Open TQQQ Apr 08 2022 54.5 Calls at $0.06 Credit
Bought to close TQQQ Apr 01 2022 55.5 Calls / Sold to Open TQQQ Apr 08 2022 56.0 Calls at $0.22 Credit
PKG stock
Sold off my only lot of PKG at $157.75, at a new 3-year high.
Bought this on 12/20/2021 at $126.06, pretty close to the 52-week low.
#FormerFallingKnife
Upside Warning in effect
#VIXIndicator A likelihood of higher levels in coming days or weeks.
SPX 1-dte
#SPX1dte – at 12:34p PT, Sold to Open $SPX March 30th 4540/4560-4700/4720 condors for 1.15, SPX at 4632, deltas -.07 +.04
TNA Call
Sold 1 TNA Apr 01 2022 68.0 Call at $2.68.
#OnlySpreads
SOXL TQQQ
#ShortPuts – Some more that are at least 70 percent profitable with a few weeks to go.
Bought to Close SOXL APR 14 2022 38.0 Put @ .86 (sold for 2.86)
Bought to Close TQQQ APR 14 2022 51.0 Put @ .67 (sold for 2.50)
Bought to Close TQQQ APR 22 2022 47.5 Put @ .70 (sold for 2.90)
FAS
#ShortPuts – Starter hoping to stir things up a little.
Sold FAS MAY 20 2022 100.0 Put @ 3.26
SOXL TQQQ
#ShortPuts – A couple more.
Bought to Close SOXL APR 8 2022 38.0 Put @ .60 (sold for 2.25)
Bought to Close TQQQ APR 8 2022 53.0 Put @ .55 (sold for 2.50)
SOXL TQQQ
#ShortPuts – A couple quickies.
Bought to Close SOXL APR 1 2022 40.0 Put @ .32 (sold for 2.35)
Bought to Close TQQQ APR 1 2022 55.0 Put @ .22 (sold for 2.45)
O Strangle / PLUG Put
#shortstrangles
$O STO 4/14 67.5/70 strangle at .74. The call is covered. Stock ex dividend 3/31. This is an experiment. I am wearing goggles.
#shortputs
$PLUG STO 4/1 28.5 put at .67
VXX Puts
I was selling calls with both hands yesterday. Balancing those out a bit with VXX Puts today
Sold VXX Apr 01 2022 22.0 Puts at $0.21
Sold VXX Apr 01 2022 21.5 Puts at $0.14 & $0.16
Sold VXX Apr 01 2022 21.0 Puts at $0.12
#VXXContango #OnlySpreads
TNA Covered Call
Sold 1 TNA Apr 01 2022 69.0 Covered Call at $1.22
LABU Calls
Sold LABU Apr 01 2022 18.5 Calls at $0.32
AES NLSN Stock
First trades in a while in my #FallingKnife “mini SP500 ETF”
Sold off my highest cost lot of AES at $24.97 near today’s YTD high.
Bought this on 01/18/2022 at $22.60
Sold off my highest cost lot of NLSN at $27.04 near today’s YTD high.
Bought this on 01/27/2022 at $18.10
Former #FallingKnife
VXX Puts
Sold more long Puts
Sold to close VXX May 20 2022 15.0 Puts at $0.24. Bought on 03/17/2022 at $0.05.
Fully paid for with a #VXXContango spread for that week.
#WinWin
LABU
BTC 1 APR 2022 18 CALL @.10-.12/STO this morning .35/
profit for a few hours /mo better/then waiting 4 more days!
SPX trades
SOXL
#ShortPuts – Adding.
Sold SOXL APR 22 2022 38.0 Put @ 3.00
VXX troubles
“As part of its structured products business, Barclays Bank PLC (“BBPLC”), a subsidiary of Barclays PLC (“BPLC”), is a frequent issuer of structured notes and exchange traded notes in the United States and elsewhere. These securities are often issued to meet actual and anticipated client demand for such securities.
BBPLC has determined that the securities offered and sold under its US shelf registration statement during a period of approximately one year exceeded the registered amount (such excess, the “Affected Securities”) giving rise to a right of rescission among certain purchasers of Affected Securities requiring BBPLC to repurchase the Affected Securities at their original purchase price. As a result, BBPLC has elected to conduct a rescission offer to eligible purchasers of the Affected Securities. Details of the rescission offer will be published by BBPLC in due course.”
As The FT reports, a footnote reveals that Barclays had a registered maximum offering size of $20.8bn for its ETNs, and exceeded that by about $15.2bn.
Quite the miss. Those securities now have to be bought back at the original purchase price, and incur the estimated $600 million loss.
LABU Puts
Sold Calls earlier, switching to puts now
Sold 1 LABU Apr 01 2022 13.5 Put at $0.33
#OnlySpreads
TLRY Calls
Sold TLRY Apr 01 2022 11.0 Calls at $0.38
#OnlySpreads
VXX Crazy
Sold these with the stock around 28.50
1 VXX Apr 01 2022 50.0 Call at $0.55
1 VXX Apr 01 2022 49.0 Call at $0.57
1 VXX Apr 01 2022 48.0 Call at $0.61
1 VXX Apr 01 2022 47.0 Call at $0.63
1 VXX Apr 01 2022 46.0 Call at $0.79
The VIX is up only 4%. VXX is up 13% so the short squeeze is still in effect on VXX because they are not creating new shares
#OnlySpreads
LABU
STO 1 APR 22 18 CALL @.35
VXX Calls
Sold VXX Apr 01 2022 30.0 Calls at $0.95, adding to my position and replacing similar calls that expired Friday.
Used the cash to buy VXX Apr 14 2022 48.0 Calls at $0.91
#OnlySpreads
TQQQ Call Ladder
Sold TQQQ Apr 01 2022 61.0 Calls at $0.45
Sold TQQQ Apr 01 2022 58.0 Call at $1.59
Sold TQQQ Apr 01 2022 57.0 Calls at $2.11
Sold TQQQ Apr 01 2022 56.0 Calls at $2.53
#OnlySpreads
SOXL
STO ) 1 APR 22 42 CALL @1.99
LABU Call Ladder
Sold all these:
LABU Apr 01 2022 18.0 Calls at $0.35 & $0.40
LABU Apr 01 2022 17.5 Calls at $0.45 & $0.55
LABU Apr 01 2022 17.0 Calls at $0.55 & $0.70
replacing similar calls that expired Friday
#OnlySpreads
Expiration
soxl
25 mar 33 put
25 mar 42 call
Expiration
#optionsexpiration
$VXX 23 put
$VXX 23.5 put Selling against Long VXX Thank you @iceman. You are still teaching ever since that day in Manhattan at the infamous Chinese restaurant. You rock!
$TQQQ 56 put Thank you @fuzzballl
$DWAC 74 call
$ZIM 91 call
$OXY 60 call
OptionsExpiration
A strong market again this week but finally some short calls in LABU and TNA expired . TLRY put on a major run in the last 2 days so I’ll be making some cash on covered calls and bear call spreads next week.
VXX remains elevated, so I was able to pre-sell some of next week’s calls as every VXX short position expired this week.
EXPIRED:
LABU 18.0 Diagonal Call
LABU 17.0 Diagonal Calls
LABU 13.0 Diagonal Put
TNA 65.0 Covered Call
TNA 65.5 Covered Call
TNA 69/65 Bear Call Spread
TNA 70/65.5 Bear Call Spread
TNA 70/66 Bear Call Spread
VXX 40/35 Bear Call Spread
VXX 39/33 Bear Call Spread
VXX 38/32 Bear Call Spread
VXX 38/31 Bear Call Spread
VXX 31.0 Diagonal Call
VXX 30.0 Diagonal Calls
VXX 29.5 Diagonal Calls
VXX 29.0 Diagonal Call
VXX 28.5 Diagonal Calls
VXX 28.0 Diagonal Calls
VXX 23.0 Diagonal Puts — #VXXContango
VXX 14/22 Bull Put Spread
Downside Warning canceled (again)
#VIXindicator Based on the $VIX close under 21.17, the Downside Warning is canceled. It first went into effect on January 20th, was canceled on Feb 9th, only to be reinstated only two days later on Feb 11th.
The arrow on this chart shows last time it was canceled. (Feb 9th).
So while it is usually a pre-cursor to an extended rally, the better sign will come with an Upside Warning, which will require two more CONSECUTIVE closes below 21.17.
ZIM Put Roll
#shortputs
$ZIM BTC 3/25 74 put and STO 4/1 74 put at added credit of .31. May be the end of this party boat?
TNA TQQQ Calls Rolled
At 3:30 these looked like they would expire. Then’ someone’ said BTFD
Bought to close TQQQ Mar 25 2022 56.0 Calls at $0.72. Sold on 3/22 at $1.58 and $1.61.
Bought to close 1 TNA Mar 25 2022 64.0 Call at $0.19. Sold last Friday on a roll at $3.04
Sold TQQQ Apr 01 2022 58.50 Calls at $1.23 for a $0.51 Credit and 2.5 additional points on the short strike
Sold 1 TNA Apr 01 2022 69.0 Call at$0.48 for a $0.29 Credit and 5 additional points on the short strike
SPX 1-dte
#SPX1dte Sold to Open $SPX March 28th 4410/4430-4590/4610 condors for 1.40, SPX at 4519, OV 12.8%, deltas -.06 +.06
Expiring: March 25th 4405/4425-4585/4605 condors, sold yesterday for 1.45
TLT
#ShortPuts – First time in this in a long time. Throwing it out there as a starter and looking to add lower.
Sold TLT MAY 20 2022 125.0 Put @ 2.85
TLRY Covered Calls
Rolled my TLRY Mar 25 2022 7.5 Covered Calls to TLRY Apr 01 2022 9.0 Covered Calls at $0.09 Credit and boosted the short strike 1.5 points (or 20%)
SOXL TQQQ XBI
#ShortPuts – A few more adds.
Sold SOXL APR 8 2022 38.0 Put @ 2.25
Sold SOXL APR 14 2022 38.0 Put @ 2.86
Sold TQQQ APR 8 2022 53.0 Put @ 2.50
Sold TQQQ APR 14 2022 51.0 Put @ 2.50
Sold XBI APR 22 2022 86.0 Put @ 2.55
BTU Put Close / CRWD Call Roll
#shortputs
$BTU BTC 4/14 20 put at .30. STO at 2.70. Thank you @jsd501
#coveredcalls
$CRWD BTC 4/1 217.5 and STO 4/8 222.5 call at even but gain $5 If called away.
TQQQ Covered Calls
Rolling calls over for another week for some extra cash (instead of allowing assignment) while still keeping decent downside protection
Rolled TQQQ Mar 25 2022 46.0 Covered Calls to TQQQ Apr 01 2022 46.0 Covered Calls at $0.35 Credit
Rolled TQQQ Mar 25 2022 47.5 Covered Calls to TQQQ Apr 01 2022 48.0 Covered Calls at $0.10 Credit plus gained a half point on the short strike
Rolled TQQQ Mar 25 2022 48.0 Covered Calls to TQQQ Apr 01 2022 48.5 Covered Calls at $0.20 Credit plus gained a half point on the short strike.
Edit: after TQQQ bounced:
Rolled TQQQ Mar 25 2022 49.0 Covered Calls to TQQQ Apr 01 2022 49.0 Covered Calls at $0.40 Credit
SOXL
#rolling
1 APR 22/25 MAR 22 34 CALL @.45 /1.61 collected so far
ARKK
#ShortPuts – Continuing with stock replacement.
Sold ARKK APR 14 2022 63.0 Put @ 3.00
Sold ARKK APR 14 2022 64.0 Put @ 3.00
LABU Spread closed
Bought to Close LABU Mar 25 2022 20.5/18.0 Bear Call spreads at $0.06. Sold last Friday at $0.51
VXX Call Ladder
Sold 1 VXX Apr 01 2022 30.0 Call at $0.64
Sold 1 VXX Apr 01 2022 31.0 Call at $0.57
Sold 1 VXX Apr 01 2022 32.0 Call at $0.52
Sold 1 VXX Apr 01 2022 33.0 Call at $0.48
Sold 1 VXX Apr 01 2022 34.0 Call at $0.44
Sold 1 VXX Apr 01 2022 35.0 Call at $0.40
Replacing similar calls that will expire today
The short squeeze in VXX is still an issue. But the VIX index and /VX futures are falling early on
TNA and TQQQ Calls rolled up
Bought to close 1 TNA Mar 25 2022 61.0 Call / Sold to Open 1 TNA Apr 01 2022 63 Call at $0.26 Credit plus a 2 point higher strike.
Bought to close 1 TNA Mar 25 2022 62.5 Call / Sold to Open 1 TNA Apr 01 2022 65.5 Call at $0.17 Credit plus a 3 point higher strike.
Bought to close TQQQ Mar 25 2022 51.0 Calls / Sold to Open TQQQ Apr 01 2022 52.0 Calls at $0.02 Credit plus a 1 point higher strike
Bought to close TQQQ Mar 25 2022 53.0 Calls / Sold to Open TQQQ Apr 01 2022 54.0 Calls at $0.29 Credit plus a 1 point higher strike
Bought to close 1 TQQQ Mar 25 2022 53.0 Call / Sold to Open 1 TQQQ Apr 01 2022 54.5 Call at $0.11 Credit plus 1.5 point higher strike
Bought to close 1 TQQQ Mar 25 2022 55.0 Call / Sold to Open 1 TQQQ Apr 01 2022 57.5 Call at $0.18 Credit plus 2.5 point higher strike
LABU Puts and Calls
Bought to Close 1 LABU Mar 25 2022 17.5 Put at $1.02. Sold last week on a roll at $2.45
Bought to Close LABU Mar 25 2022 15.5 Calls $1.33. Sold last week on a roll at $2.07
Sold to Open 1 LABU Apr 01 2022 16.5 Put at $1.08 and gained a point on the short strike
Sold to Open LABU Apr 01 2022 16.5 Calls at $1.35 and also gained a point on the short strike
Leaves me with a short LABU 16.5 straddle for next week.
SPX long
#SPX5dte Sold to close $SPX March 25th 4445/4465-4475/4495 condors for 17.60. Condors bought yesterday for 16.30. I got the move, so 1.30 profit is good for 24 hours rather than waiting for more at the risk of a chunky loss.
SPX 1-dte
#SPX1dte Sold to open $SPX March 25th 4405/4425-4575/4595 condors for 1.45, SPX at 4510, IV 19.4%, deltas -.06 +.06
SVXY TQQQ
#ShortPuts – A couple more little ones.
Bought to Close TQQQ MAR 25 2022 56.0 Put @ .74 (sold for 1.80)
Bought to Close SVXY APR 14 2022 50.0 Put @ .92 (sold for 2.50)
SOXL
#ShortPuts – Just a little quickie from a couple days ago.
Bought to Close SOXL MAR 25 2022 41.0 Put @ .65 (sold for 1.71)
SWK Stock
Added to my SWK stock position at a new low at $139.00.
#FallingKnife #SP500
ARKK
#CoveredCalls – Been selling below basis for awhile now. Will probably let the stock go tomorrow so starting a new ladder to continue the recovery.
Sold ARKK APR 14 2022 65.0 Put @ 3.30
NVDA
#ShortPuts – Nice bounce here too.
Bought to Close NVDA APR 14 2022 215.0 Put @ .86 (sold for 5.40)
SOXL
#ShortPuts – Taking it on the nice bounce.
Bought to Close SOXL MAR 25 2022 40.0 Put @ .75 (sold for 3.00)
SOXL Put Roll / TQQQ SPY Put Close
#shortputs
$SOXL BTC 3/25 41 put and STO 4/1 39 put at even but would gain $2 if assigned
$TQQQ BTC 3/25 50 put at .18. STO at 3.15. Thank you @fuzzballl
$SPY BTC 3/25 380 put at .58. STO at 5.68. Thank you @fuzzballl
$SPY BTC 3/25 385 put at .69. STO at 4.15. Thank you @fuzzballl
TSLA pre earnings
#JadeLizards – Selling recent lows at 2x the expected move and current highs. Also 2 weeks before earnings.
Sold TSLA APR 14 2022 750/1000/1005 Jade Lizard @ 5.60
LABU Calls
Bought to close LABU Mar 25 2022 18.5 Calls at 0.05. They won’t trade any lower.
Sold last Friday on a rollup at $0.60
BMY, HAS stock
First the good.
Sold my tiny bit of BMY at a new 5-year high of 72.06.
Bought this on 11/29/2021 at 55.51, pretty near the 52-week low.
Started a tiny new position in HAS at $85.00 at a new 52-week low
#SP500 #FallingKnife
ADBE
#JadeLizards – A little early on it.
Sold ADBE APR 14 2022 425/440/455 Jade Lizard @ 15.90
SPX trades
#SPX5dte Bought to Open $SPX March 25th 4445/4465-4475/4495 condors for 16.30, with SPX at 4468.
VXX Puts spreads
Bought to open VXX May 20 2022 15.0 at $0.10 (58 DTE)
Bought to open VXX Jun 17 2022 13.0 Puts at $0.12 (86 DTE)
Bought to open VXX Sep 16 2022 10.0 Puts at $0.18 (177 DTE)
Bought to open VXX Jan 20 2023 6.0 Puts at $0.13 (303 DTE)
Sold to open VXX Mar 25 2022 23.0 Puts at $0.14, $0.15, $0.17 and $0.20 (2 DTE)
Paired with the VXX Call ladder I sold on Monday.
#VXXContango spreads
Options Bistro 