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
Daily Archives: Thursday, March 31, 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
Options Bistro 