No more short puts as they all got assigned last week. Just calls for the foreseeable future.
Sold:
TQQQ Mar 18 2022 46.0 Calls at $0.57
TQQQ Mar 18 2022 47.0 Calls at $0.37
TQQQ Mar 18 2022 47.5 Calls at $0.27 and $0.37
TQQQ Mar 18 2022 48.0 Calls at $0.27
Monthly Archives: March 2022
VXX Short Squeeze??
Sold to close 1 old long VXX Mar 18 2022 55.0 Call at $1.32. Bought this as the long side of an old diagonal Call spread at $0.90 on 1/31.
I continued selling:
Sold 1 at $1.79 and at $2.19 and at $2.39
There have been several trading stops along the way, with the last one just under 40.
SPXpire
#SPX1dte Expiring: $SPX Mar 14th 4030/4050-4335/4355 condors, sold Friday for 1.60
SOXL
#closing
BTC 18 MAR 2022 35 CALL @.20 /STO .42
opened this AM 50% return in 1 day i will take.
maybe peace talks come this week or?
FXI QYLD SPY TNA TQQQ
#CoveredCalls #ShortPuts – A little of everything.
FXI: Go baby go! Covered calls and long puts.
Rolled FXI APR 14 2022 25.0 Calls to FXI APR 14 2022 20.0 Calls @ 4.40 credit (14.90 total now)
QYLD: Small adds. Looking for below 19 for any more.
Bought QYLD @ 19.25, 19.30, 19.35
SPY: Adding.
Sold SPY APR 14 2022 380.0 Put @ 4.10
TNA: Small add.
Sold TNA APR 14 2022 40.0 Put @ 1.60
TQQQ: Getting all my short calls to same strike.
Rolled TQQQ MAR 18 2022 42.5 Call to MAR 18 2022 40.0 Call @ 1.40 credit
VXX
https://www.businesswire.com/news/home/20220314005483/en/Barclays-Suspends-Until-Further-Notice-Further-Sales-and-Issuances-of-Two-Series-of-iPath%C2%AE-ETNs-the-%E2%80%9CETNs%E2%80%9D
#coveredcalls SOXL STO 18 MAR…
AAPL
Apple Falls Under 200-Day Moving Average After Foxconn Halt
New week, New Lows
Started some tiny new positions
Bought SWKS at $124.44
Bought WDC at $45.00
Bought WYNN at $70.00
#SP500 #FallingKnife
VXX Calls
Bought to close VXX Mar 11 2022 27.0 Calls at $0.01. Sold Friday on a roll at $1.58
Bought to close VXX Mar 11 2022 26.5 Calls at $0.01. Sold Friday on a roll at $1.76
TNA Calls
Bought to close 1 TNA Mar 11 2022 61.0 Call at $0.01. Sold Tuesday at $1.09
Bought to close TNA Mar 11 2022 60.0 Calls at $0.01. Sold Tuesday at $0.99 and $1.23
XLV Puts
Bought to close 1 XLV Mar 11 2022 126.5 Put at $0.01. Sold on Monday at 0.61
Bought to close 1 XLV Mar 11 2022 127.0 Put at $0.01. Sold on Monday at 0.57
Stocks
Only one today:
Added SBUX at $83.44
#SP500 #FallingKnife
SPX 1-dte
#SPX1dte Sold to Open $SPX March 14th 4030/4050-4335/4355 condors for 1.60, SPX at 4212, IV 24.1%, deltas -.06 +.06
On our way to 4000!
FXI crazy position
One of my wilder trades (that’s saying a lot! LOL)
1. Owned stock at a 38 basis covered with 38 strike calls hoping to get out at even.
2. Stock did not get called away and I noticed how Russia (RSX) was acting with a possible war and sanctions.
3. With China and Taiwan figured that could be next and FXI turn into another RSX.
4. With FXI up near 35-36 sold April monthly 25 strike calls for 10.50 credit for max downside help.
5. Also bought May monthly 25 strike puts @ .16 for additional worse case protection.
Short calls at 25 with basis now of 27.50. As the stock drops hoping the long puts will make up that difference. I’ll either get out at near even or hang onto stock at an incredible basis.
Definitely risky going that bearish but if RSX is any indication FXI could be headed for a similar fate…
EDIT: The overall position is actually slightly net short for now. As FXI gets closer to 25 that will gradually get more neutral.
LABU
sto 18 MAR 2022 11 PUT @.18
STO 18 MAR 2022 11.5 PUT @.28
LABU Puts Rolled
Bought to close LABU Mar 11 2022 14.5 Puts at $0.54. Sold last week at $1.25
Sold to Open LABU Mar 18 2022 13.5 Puts at $0.80 for a $0.25 Net Credit plus a point lower strike.
Bought to Close 1 LABU Mar 11 2022 18.0 Put at $3.68. Sold last week at $4.65.
Sold to Open 1 LABU Mar 18 2022 18.0 Put at $ 3.78 for a $0.10 Net Credit.
NFLX SOXL TQQQ XBI
#ShortPuts #CoveredCalls – A little of everything.
NFLX: Expiring and re-loading.
Expiring: MAR 11 2022 355.0 Call (sold for 14.00)
Sold NFLX MAR 18 2022 350.0 Call @ 8.10
SOXL: Rolling covered and adding to ladder.
Rolled SOXL MAR 11 2022 28.0 Calls to MAR 18 2022 28.0 Calls @ .95 credit (7.95 total now)
Sold SOXL APR 8 2022 30.0 Put @ 3.00
Sold SOXL APR 14 2022 30.0 Put @ 3.30
TQQQ: Rolling covered and adding to ladder.
Rolled TQQQ MAR 11 2022 40.0 Calls to MAR 18 2022 40.0 Calls @ 1.05 credit (8.95 total now)
Sold TQQQ APR 14 2022 40.0 Put @ 3.00
XBI: Adding.
Sold XBI APR 14 2022 79.0 Put @ 2.00
Sold XBI APR 14 2022 80.0 Put @ 2.20
Sold XBI APR 14 2022 81.0 Put @ 2.50
Sold XBI APR 14 2022 82.0 Put @ 2.60
TQQQ Calls
Bought to close TQQQ Mar 11 2022 50.0 Calls at $0.01. Sold Tuesday at $0.33, $0.39 & 0.51
TQQQ,
STO January 2023, 75 call at 3.77
SOXL
#coveredcalls
btc 11 MAR 2022 35 CALL @.03 /sto .59
taking off to catch a reload
SPX 1-dte
#SPX1dte Sold to Open $SPX March 11th 4110/4130-4355/4375 condors for 1.75, SPX at 4253, IV 31.3%, deltas -.06 +.06
VIX
VIX and march VX futures now in alignment, 3 more trading days left
http://vixcentral.com/
Stocks
First the good.
Sold half my FMC at 123.66. Bought on 08/05/2021 at $95.00
52-week range is currently $87.27 – $124.86.
Former #FallingKnife
Added to:
CLX at $135.00 (new 3-year low)
BIIB at $195.00
CL at $74.00
#SP500 #FallingKnife
SPY
#ShortPuts – Adding.
Sold SPY APR 14 2022 385.0 Put @ 5.00
Economy
Nice article.
Quote of the day “Making your entire economy a Landfill Economy dependent on the fantasy of infinite replacements and substitutions is the height of hubris and folly.”
http://charleshughsmith.blogspot.com/2022/03/what-if-it-breaks.html
SPY
#ShortPuts – Trying to get back into some that were closed yesterday.
Sold SPY APR 14 2022 390.0 Put @ 6.00
VXX long dated Puts
Bought to open VXX Jan 19 2024 5.0 Puts at $0.50, adding to my position.
Longs puts will be available for some future #VXXContango trades.
TQQQ Puts and Calls
Sold TQQQ Mar 11 2022 40.0 Puts at $0.37.
Strike is below the March low and expires tomorrow.
Bought to close TQQQ Mar 11 2022 54.0 Calls @ 0.01. Sold on Monday at $0.35
LABU Covered Calls
Sold LABU Mar 11 2022 17.5 Covered Calls at $0.15
XLV Puts
another mid-week rolldown
Bought to close XLV Mar 11 2022 132.0 Puts/ Sold to Open XLV Mar 18 2022 131.0 Puts at $0.05 Credit and lowered the strike another point
TQQQ Covered Calls
Sold TQQQ Mar 11 2022 50.0 Calls at $0.40
SPY
#ShortPuts – Taking about 30 percent in a couple days. Should be plenty of time to sell again in this market.
Bought to Close SPY APR 14 2022 370.0 Put @ 2.73 (sold for 4.75)
Bought to Close SPY APR 14 2022 380.0 Puts @ 3.65 (sold for 5.05 and 5.25)
Bought to Close SPY APR 14 2022 390.0 Put @ 4.90 (sold for 6.00)
TQQQ, taking one for the team.
STO June 17, 70 call at 1.05
STO June 17, 65 call at 1.64
LABU Covered Calls
Sold LABU Mar 11 2022 17.0 Calls at $0.15 and $0.20
Only a partial position
SPX stopped
#SPX1dte Bought to close $SPX March 9th 4300/4320 call spreads for 2.60. Condors sold yesterday for 1.75. Stop level hit at the open as we traded over 4250, and the expected range of today’s move was +/-54.
VXX long dated Puts
Bought to open VXX Jan 19 2024 5.0 Puts at $0.55.
Longs for some future #VXXContango trades.
TNA TQQQ Calls
Sold TQQQ Mar 11 2022 48.0 Calls at $0.81
Sold TQQQ Mar 11 2022 49.0 Calls at $0.60
Sold TNA Mar 11 2022 62.0 Calls at $0.69
TQQQ,
We went from 90 to 41 yesterday and the FED has not even raised rates yet. I wonder how low it can go?
Markets
Dow down 200 … oops … Dow up 500 … oops … Dow closes down almost 200
SOXL
#CoveredCalls – Selling a couple for next week.
Sold SOXL MAR 18 2022 35.0 Calls @ 2.02
SPX trades
#SPX Sold to close $SPX May 9th 4320/4340 call spreads for 3.85. Bought yesterday for 2.50. I was away from the computer, so I got filled on the limit order at 9:38am PT, a little before today’s high.
QYLD SVXY TQQQ
#LongStock #ShortPuts #CoveredCalls -A liitle of each.
QYLD:Starter.
Bought @ 19.25 and 19.26
SVXY: Adding.
Sold SVXY APR 14 2022 42.0 Put @ 2.20
TQQQ: Covering next week early.
Sold TQQQ MAR 18 2022 42.5 Call @ 2.88
VXX Calls and Puts
Sold 1 VXX Mar 11 2022 33.0 Call at $0.65
Sold VXX MAR 11 2022 25.0 Puts at $0.22
TNA TQQQ Calls
Sold TNA Mar 11 2022 60.0 Calls at $0.99 and $1.23
Sold TNA Mar 11 2022 61.0 Call at $1.09
Sold TQQQ Mar 11 2022 50.0 Calls at $0.33, $0.39 & 0.51
ARKK NFLX NVDA SOXL SPY TQQQ
#CoveredCalls#ShortPuts – Some aggressive sales on the 5 minute opening bounce.
ARKK: Still plugging away.
Bought to Close ARKK MAR 11 2022 67.0 Calls @ .09 (sold for 1.75)
Sold ARKK MAR 18 2022 61.0 Calls @ 1.40
NFLX: Roll down for extra premium.
Rolled NFLX MAR 11 2022 375.0 Call to MAR 11 2022 355.0 Call @ 4.00 credit (14.00 total now)
NVDA: Short put now a Jade Lizard.
Sold NVDA MAR 18 2022 210.0/215.0 Bear Call Spread @ 2.55
Now: 210/210/215 @ 5.70
SOXL: More premium collection. Similar to TQQQ position. Not quite keeping up with stock drop but pretty close. Long put collar starting to see some nice gains as well.
Rolled SOXL MAR 11 2022 32.0 Calls to MAR 11 2022 28.0 Calls @ 2.00 credit (7.00 total now)
SPY: Adding.
Sold SPY APR 14 2022 370.0 Put @ 4.75
TQQQ: More premium collection. Similar to SOXL position. Not quite keeping up with stock drop but pretty close. Long put collar starting to see some nice gains as well.
Rolled TQQQ MAR 11 2022 44.0 Calls to MAR 11 2022 40.0 Calls @ 2.20 credit (7.90 total now)
Morning Stocks
Tiny buys:
ALGN at $425.00
BKNG at $1800.00
CCL at $15.00
CE at $133.00
FIS at $85.00 (new 3-year low)
IFF at $115.00
MNST at $74.21
MTCH at $88.00
NCLH at $15.00
NFLX at $349.67
#SP500 #FallingKnife
SPX trades
#coveredcalls #shortputs soxl sto 11…
#coveredcalls #shortputs
soxl
sto 11 MAR 22 35 CALL @.59
sto 18 MAR 22 42 CALL @.60
sto 11 MAR 22 22 PUT @.12
labu
sto 11 MAR 22 17 CALL @.12
AAL BA APTV CMI EL JPM stocks
Late day Trades:
Added a tiny bit of AAL at $13.00
Added a tiny bit of APTV at $98.00
Added a tiny bit of BA at $173.00
Added a tiny bit of CMI at $190.00
Added a tiny bit of EL at $264.00
Added a tiny bit of JPM at $129.00
#SP500 #FallingKnife
SPY
#CoveredCalls #ShortPuts – Replacing stock getting called away today.
Sold SPY APR 14 2022 380.0 Put @ 5.25
Stock getting called @ 416.0 (basis 413.0)
SOXL TQQQ
#CoveredCalls – Near the open rolled down for additional premium.
SOXL:
Rolled SOXL MAR 11 2022 34.0 Calls to MAR 11 2022 32.0 Calls @ 1.15 credit (5.00 total now)
TQQQ:
Rolled TQQQ MAR 11 2022 47.0 Calls to MAR 11 2022 44.0 Calls @ 1.79 credit (5.67 total now)
KOLD Diagonal Put
Bought 1 KOLD Aug 19 2022 10.0 Put / Sold 1 KOLD Mar 18 2022 20.0 Put at $0.16 Net Credit
VXX Calls
Sold VXX Mar 11 2022 30.0 Calls at $0.62 & $0.84
Sold VXX Mar 11 2022 31.0 Calls at $0.51 & $0.68
Sold 1 VXX Mar 11 2022 32.0 Call at $0.54
Sold 1 VXX Mar 11 2022 33.0 Call at $0.44
Replacing calls that expired Friday
Bought to open 1 VXX Mar 25 2022 38.0 Call / Sold to Open 1 VXX Mar 11 2022 28.0 Call at $0.20 Net Credit
Bought to open 1 VXX Mar 25 2022 39.0 Call / Sold to Open 1 VXX Mar 11 2022 29.0 Call at $0.03 Net Credit
Bought to open 1 VXX Apr 01 2022 45.0 Call / Sold to Open 1 VXX Mar 11 2022 28.5 Call at $0.18 Net Credit
Market Awareness
I don’t trade based on this indicator, but I know it is widely followed so I thought I would post for anyone interested. SPY’s 50-Day MA has been dropping relative to its 200-Day MA at about the rate of $1 a day. Since the spread is about $5 now, the famous (or infamous) “death cross” will occur around Monday or Tuesday barring any major changes.
Stocks
First the good:
Sold LDOS at $108.83. Bought on 02/15 at $81.64.
52 Week Range $81.07 – $109.35
Sold MKC at $105.54. Bought on 09/30/21 at $81.00.
52 Week Range $77.85 – $107.34
Sold NEM at $75.31. Bought on 09/20/21 at $54.00.
52 Week Range $52.60 – $77.09
Former #FallingKnife
Now todays tiny buys:
AAL at $14.00
AVY at $160.00
BKNG at $$1,900.00
DAL at 32.50
DRI at $125.00
ECL at $160.00
EPAM at $183.00
FTV at $59.00
IPGP at $104.00
MKC at 105.54
NCLH at $17.00 & $16.00
PPG at $119.00
PVH at $71.00
SYF at $35.00
UAA at $14.73
UAL at $34.00
XYL at $82.70
#SP500 #FallingKnife
#optionsexpiration soxl 50 call soxl…
soxl 50 call
soxl 48 call
soxl 42 call
soxl 26 put
labu 12 put
labu 12.5 put
labu 13 put
OptionsExpiration
Again, a weak market so the bulk of the gains are covered calls and bear call spreads. ITM puts were rolled
Expired:
LABU 20.5 Covered Calls
LABU 20.0 Covered Calls
LABU 30/20 Bear Call Spreads
LABU 28/20 Bear Call Spreads
TNA 67.0 Covered Calls
TNA 59.0 Diagonal Calls
TNA 70/59 Bear Call Spread
TNA 70/60 Bear Call Spread
TNA 72/60 Bear Call Spread
TNA 72/61 Bear Call Spread
TNA 75/61 Bear Call Spread
TQQQ 57.0 Covered Calls
TQQQ 56.0 Covered Calls
TQQQ 60/56 Bear Call Spreads
TQQQ 60/57 Bear Call Spreads
VXX 44/29 Bear Call Spread
VXX 44/30 Bear Call Spread
VXX 44/31 Bear Call Spread
VXX 45/31 Bear Call Spread
VXX 45/31 Bear Call Spread
VXX 49/32 Bear Call Spreads
VXX 50/32 Bear Call Spreads
VXX 55/33 Bear Call Spreads
VXX 28.0 Diagonal Calls
VXX 27.0 Diagonal Calls
VXX 22.5 Diagonal Puts == #VXXContango
VXX 21.0 Diagonal Puts == #VXXContango
XLV 130.0 Diagonal Put
GM
One last tiny stock buy – Bought GM at 42.00
#SP500 #FallingKnife
SPX 1-dte
#SPX1dte Sold to Open $SPX Mar 7th 4115/4135-4425/4445 condors for 1.65, SPX at 4314, IV 24.3%, deltas -.06 +.06
Expiring: Mar 4th 4220/4240-4470/4490 condors, sold yesterday for 1.55.
TNA Calls and Puts
Bought to close TNA Mar 04 022 64.0 Calls at $0.01
Sold on a rollup last Friday at $2.56
Bought to close TNA Mar 04 022 49.0 Puts at $0.01
Sold on a rolldown last Friday at $0.47
Rolled 1 TNA Mar 04 2022 57.5 Put to 1 TNA Mar 11 2022 50.0 Put at $0.03 Credit
NFLX
#CoveredCalls – Forgot I had this order in.
Bought to Close NFLX MAR 04 2022 390.0 Call @ .01 (sold for 6.50)
TQQQ Call Closed
Bought to close TQQQ Mar 04 2022 50.0 Calls at $0.01.
Sold last Friday on a rollup at $3.34
SPY
#ShortPuts – Adding.
Sold SPY APR 14 2022 390.0 Put @ 6.00
LABU
#shortputs
sto 11 MAR 2022 11 PUT @.25
sto 11 MAR 2022 11.5 PUT @.35
SOXL SPY TQQQ XBI
#ShortPuts #CoveredCalls – A nice day of premium collection.
SOXL: Covered.
Bought to Close SOXL MAR 4 2022 36.0 Calls @ .47 (sold for 7.10)
Sold SOXL MAR 11 2022 34.0 Calls @ 3.62
SPY: Covered.
Rolled SPY MAR 4 2022 416.0 Call to MAR 7 2022 416.0 Call @ 1.20 credit (6.00 total now)
TQQQ: Covered.
Bought to Close TQQQ MAR 4 2022 47.0 Calls @ 1.88 (sold for 8.25)
Sold TQQQ MAR 11 2022 47.0 Calls @ 3.88
XBI:
Rolled XBI MAR 4 2022 90.0 Put to MAR 18 2022 90.0 Put @ 1.75 credit (5.85 total now)
BA
STO BA Mar18’22 180 PUT @6.40
STO BA Jan20’23 180 PUT @26.20
TQQQ Calls Closed
Bought to close TQQQ Mar 04 2022 55.0 Calls at $0.01.
Sold on Friday on a rollup at $1.00 and Monday at $0.90
Bought to close TQQQ Mar 04 2022 53.0 Calls at $0.01.
Sold on Friday on a rollup at $1.65
Bought to close TQQQ Mar 04 2022 51.0 Calls at $0.01.
Sold on Friday on a rollup at $2.68
APD APTV BA IVZ MTCH PVH VFC Stocks
Added tiny amount to these at new lows
APD at $228.00
APTV at $109.00
IVZ at $19.00
MTCH at $100.00
PVH at $80.00
VFC at $54.74
Started a new position in BA at $183.00
#SP500 #FallingKnife
RIVN Calls Closed
Bought to close 1 RIVN Mar 04 2022 67.0 Call at $0.01. Sold on Monday at $2.15
Bought to close RIVN Mar 04 2022 65.0 Calls at $0.01. Sold on Monday at $2.41
LABU Put Rolldown
Bought to close LABU Mar 04 2022 15.5 Puts at $1.20. Sold last week on a roll at $1.55
Sold to open LABU Mar 11 2022 14.5 Puts at $1.25 and gained a point on the short strike.
I’ve got LABU Bear Call spreads at 18 and 18.50 plus Covered Calls at 20 and 20.50 expiring at the close
February Jobs report
#Jobs — Above expectations again
Gain of +678,000 non-farm payroll jobs, vs. expected gain of 444K
Unemployment drops to 3.8%, down by 0.1 (vs. estimate of unchanged)
U6 unemployment at 7.2%, up by 0.1
Labor force participation 62.3%, up by 0.1
Wage growth sluggish at only 0.03%. increase, vs. 0.5% estimate.
December jobs revised up by +78K to +588K
January jobs revised up by +14K to +481K
LABU
RIVN Calls Closed
Bought to close 1 RIVN Mar 04 2022 68.0 Call at $0.01. Sold on Monday at $2.53
Also bought to close RIVN Mar 04 2022 79, 80 and 81 calls at $0.01. Sold all those at $0.22 on Monday.
RSX Put Rolldown
Bought to Close RSX Mar 04 2022 6.5 Puts at $1.20
Sold to Open RSX Mar 11 2022 5.5 Puts at $1.48. at $0.28 Credit and lowered the strike a full point
Options Bistro 