OptionsExpiration

Expired:
LABU 13.50 Covered Calls

TNA 69/50 Bear Call Spread
TNA 70/50 Bear Call Spread
TNA 75/55.5 Bear Call Spread
TNA 58, 59, & 60 Covered Calls

TQQQ 62/42 Bear Call Spread
TQQQ 42.0 Diagonal Calls
TQQQ 42.5 Diagonal Calls
TQQQ 43.0 Diagonal Call
TQQQ 45.0 Diagonal Calls
TQQQ 49.0 Diagonal Calls
TQQQ 45, 45.5, 49 & 50 Covered Calls

VXX 28.5 Diagonal Calls
VXX 29.5 Diagonal Call
VXX 24.5 Diagonal Puts — #VXXContango
VXX 24.0 Diagonal Puts — #VXXContango
VXX 22.0 Diagonal Puts — #VXXContango

Assignments:
None

VXX Calls

For the first time in a long while I had to roll some VXX Calls as VXX topped $28 five minutes before the close, it’s highest price in over a month.

Bought to close VXX Apr 29 2022 28.0 Calls at $0.14. Sold at an average price of $0.37.
Sold to Open VXX May 06 2022 33.0 Calls at $0.31 for a $0.17 Credit and bumped the short strike up 5 points.

Also rolled my VXX 27.50 calls to next week’s VXX 30.0 Calls for a $0.17 Credit and
rolled my VXX 27.0 Calls to next week’s VXX 28.50 Calls for a $0.12 Credit.

Covered my short VXX 29.50 Calls at $0.01. Sold this week at $0.35

SPX 1-dte

#SPX1dte Sold To Open just after the closing bell: $SPX May 2nd 3900/3925-4265/4290 condors for 1.60, SPX closed at 4132, IV 27.8%, deltas -.06 +.06. *** 25-wide ***

soxl

#shortputs
STO 6 MAY 2022 18 PUT @.53

SPX

#spxcampaign

BTC SPX 100 (Weeklys) 13 MAY 2022 4445/4450 CALL @.35 /STO .70
—————————————–
#shortputs
LABU
ROLL OUT
SOLD -1 CALENDAR LABU 100 (Weeklys) 6 MAY 22/29 APR 22 9.5 PUT @.30 credit

SOXL

#coveredcalls

BTC 13 MAY 2022 33 CALL @.22/
sto yesterday @.53

will take 50% for 1 day and wait for next bump up.

SPX stopped

#SPX1dte Bought to close $SPX Apr 29th 4145/4130 put spreads for 1.85. Condors sold for 1.15 yesterday. Was hoping a 4-for-4 week but alas, it was not to be as my stop was hit below 4167. Also, I mistakenly sold 15-wide rather than my usual 20-wide.

I hope y’all sold the crap out of yesterday’s rally.

INTC

STO INTC Sep16’22 35 PUT @1.16
STO INTC Jan20’23 35 PUT @1.98

Markets & Funds

https://finance.yahoo.com/news/barclays-suspends-sales-30-ipath-143000112.html

Barclays is halting sales of 30 iPath exchange-traded notes, nearly a month after an error forced the bank to halt redemptions of its oil and VIX futures notes.

The sales halt is effective as of trading Thursday and affects nearly $2.8 billion worth of assets between 30 notes.

In a statement, the bank said it is amending financial statements in its calendar year 2021 annual report regarding internal controls. Since its ETN prospectuses reference that document, Barclays said it cannot continue to sell those securities until it amends the note registration and registration shelf statements.

A Barclays spokesperson declined to comment on when the bank expects to make amendments and restart sales.

Barclays is restating parts of its annual report in part due to its mid-March suspension of the iPath Pure Beta Crude Oil ETN (OIL) and the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). The bank said it had issued roughly $15.2 billion more of the notes than the $20.8 billion maximum in the registration statements for approximately a year due to an administrative error.

The bank took a $591 million charge for the quarter in connection with the error.

VXX Puts

Bought to open VXX Aug 19 2022 12.0 Puts at $0.10.
Will use as the long against future short VXX weekly Puts.
#VXXContango

LABU

#rolling/DOWN

btc april 29/10 put/had sold @.95
rolled to and down ,sto MAY 6, 9.5 @.15 credit

LABU Put Rolled out and down

Bought to close 1 LABU Apr 29 2022 9.5 Put at $0.38. Sold on Tuesday at $0.68
Rolled it to 1 LABU May 06 2022 9.0 Put at $0.68 for a $0.30 Credit

Also rolled out my short LABU 12.50 and 13.00 Puts to next week for small credits.

SOXL

#coveredcalls
STO 13 MAY 2022 33 CALL @.53

LABU Puts rolled down

Bought to close LABU Apr 29 2022 10.0 Puts / Sold to Open LABU May 06 2022 9.5 Puts at $0.02 Net Credit

SPX 1-dte

#SPX1dte Sold to Open $SPX Apr 29th 4130/4150-4395/4415 condors for 1.15, SPX 4289, IV 34.8%, deltas -.06 +.06

TNA Diagonal Bear Call Spread

Bought 1 TNA May 20 2022 59.0 Call at $0.77
Bought 1 TNA May 20 2022 58.5 Call at $0.94
Sold TNA Apr 29 2022 50.0 Calls at $0.81 & $0.99, with the short expiring tomorrow

TQQQ Diagonal Bear Call Spreads

Bought TQQQ May 27 2022 51.0 Call at $0.69 & 0.75
Bought TQQQ May 27 2022 50.5 Call at $0.77 & $0.89
Bought TQQQ May 27 2022 50.0 Call at $0.85
Sold TQQQ Apr 29 2022 42.0 Calls at $0.73, $0.81 and $0.91
Sold TQQQ Apr 29 2022 42.5 Calls at $0.79 and $0.93

Long sides of the spreads are a month longer than the short.

DIS Falling Knife

Tempted to bite at this #FallingKnife. Maybe sell Jan 2023 60 puts currently around 1.00. Strike is the lowest in the chain and 20 points below the pandemic low from March 2020. Watching. Does Mickey still have further to fall?

VXX Puts and Calls

Starting small for next week, paired with the VXX Calls sold yesterday afternoon
Sold 1 VXX May 06 2022 24.0 Put at $0.41.

At the same time I bought some long
VXX Aug 19 2022 11.0 Puts at $0.07 and
VXX Sep 16 2022 10.0 Puts at $0.09
to hedge future writes.
#VXXContango

Then I sold another VXX Bear call spread with the short expiring tomorrow
Bought 1 VXX May 20 2022 37.0 Call at $0.46
Sold 1 VXX Apr 29 2022 28.0 Call at $0.58 for a $0.12 Credit

Stocks

As they were reported to me throughout the day, I bought tiny amounts of the following:
QRVO at $108.48
MCHP at $63.52
NFLX at $193.72
CHTR at $485.50
SWKS at $111.56
BA at $160.47
WBD at $19.54
VZ at $49.00
BA at $152.00
TTWO at $124.00
IDXX at $450.00
CSCO at $50.00
FB at $170.00
DOV at $138.50
ISRG at $238.00
#SP500 #FallingKnife
I’m ready for another bear market rally 🙂

NFLX SOXL

#CoveredCalls – Another round.

NFLX:
Bought to Close NFLX APR 29 2022 247.5 Call @ .05 (sold for 2.75)
Sold NFLX MAY 6 2022 212.5 Call @ 2.80

SOXL:
Bought to Close SOXL APR 29 2022 29.5 Calls @ .04 (sold for .50)
Sold SOXL MAY 6 2022 28.0 Calls @ .57

VXX Call Ladder

Starting some small sells for next week. All my long VXX calls are now written against.
Sold 1 VXX May 06 2022 30.0 Call at $0.39 and $0.42
Sold 1 VXX May 06 2022 30.5 Call at $0.34 and $0.37
Sold 1 VXX May 06 2022 31.0 Call at $0.30 and $0.33

VXX Puts

Bought to open VXX Jun 17 2022 14.0 Puts at $0.03
Sold to open VXX Apr 29 2022 24.0 Puts at $0.11, for a Credit of $0.08
Short DTE = 2
Long DTE = 51
#VXXContango

FB

After NFLX’s disaster, is anyone playing FB into earnings?
Added a teenie position at $170.00
#SP500 #FallingKnife

SPX

#onlyspreads

SOLD 13 MAY 2022 4445/4450 CALL @.75

TQQQ Covered Calls

Time is running out on this week’s calls
Sold TQQQ Apr 29 2022 45.0 Calls at $0.24
Sold TQQQ Apr 29 2022 45.5 Calls at $0.20

SPX risk off

#SPX1dte Bought to close $SPX Apr 27th 4020 puts for .10.

VXX Puts

After selling calls yesterday, I’m pivoting back to puts to create strangles for Friday’s expiration
Sold VXX Apr 29 2022 24.5 Puts at $0.20 & 0.21
Sold VXX Apr 29 2022 24.0 Puts at $0.12

At the same time I continued adding long puts out in 2023 and 2024
Bought VXX Jun 16 2023 5.0 Puts at $0.10
Bought VXX Jan 19 2024 5.0 Puts at $0.35
#VXXContango

Stocks and SPY

As SPY closed in on it’s YTD low yesterday, I picked up tiny bits of some of the stocks in the #SP500 at or near yearly lows.
Stocks related to the healthcare sector were particularly weak.
AMT at $110.00
BAX at $72.00
BIO at $502
CTLT at $87.98
CRL at $235.00
CZR at $65.00
CARR at $40.00
GE at $79.00
IPGP at $94.00
LH at $250.00
FB at $180.00
STT at $68.00
TYL at $380.00
#FallingKnife

SPY SVXY XBI

#ShortPuts – A few adds today.

Sold SPY JUN 3 2022 385.0 Put @ 4.40
Sold SPY JUN 17 2022 375.0 Put @ 5.50

Sold SVXY JUN 17 2022 48.0 Put @ 3.30

Sold XBI MAY 20 2022 76.0 Put @ 3.20

SPX 1-dte

#SPX1dte After the close, sold to open $SPX Apr 27th 4000/4020-4280/4300 condors for 1.55. IV 38.6%, deltas -.07 +.06

Futures had dropped 20 points since the close.

TQQQ Covered Calls

Sold TQQQ Apr 29 2022 49.0 Calls at $0.14 & $0.15

LABU

#shortputs

STO 29 APR 2022 10 PUT @.95
STO 29 APR 2022 9.5 PUT @.65

VXX Call Ladder

Sold VXX Apr 29 2022 27.5 Calls at $0.42, $0.57 & $0.80
Sold 1 VXX Apr 29 2022 28.0 Call at $0.42
Sold VXX Apr 29 2022 28.5 Calls at $0.38, $0.49 & $0.52
Sold 1 VXX Apr 29 2022 29.0 Call at $0.45
#OnlySpreads

LABU Puts

Sold LABU Apr 29 2022 10.0 Puts at $0.72 & $0.89

Somewhat later, Sold 1 LABU Apr 29 2022 9.5 Put at $0.68
#OnlySpreads

SPX puts closed

#SPX1dte Bought to close $SPX Apr 26th 4160/4140 put spreads for .30. Condors sold yesterday for 1.60. Gotta leave my desk for a couple hours, and in the words of Public Enemy, I Can’t Truss It.

ARKK NVDA SPY XBI

#ShortPuts #CoveredCalls – A few today.

ARKK: Covered.
Sold ARKK MAY 6 2022 59.0 Calls @ 1.05

NVDA: Selling against a short put.
Sold NVDA MAY 6 2022 220.0 Call @ 2.10 (225/220 inverted @ 8.10 now)

NVDA: Covered.
Sold NVDA MAY 6 2022 210.0 Call @ 4.50

SPY: Adding.
Sold SPY MAY 27 2022 390.0 Put @ 4.50

XBI: Was short a #TakeOneForTheTeam 115/95 BuPS @ 14.80. Sold the long side today hoping we’re near the bottom in this one. Might buy it again on a decent bounce.
Sold XBI MAY 20 2022 95.0 Put @ 15.50 (bought for 4.35)

VXX Long Puts

Bought to open VXX Jan 20 2023 7.0 Puts at $0.14.
I’ll write against these a few times in the next 270 days

SPX 1-dte — first Tuesday expiration

#SPX1dte Sold to Open $SPX Apr 26th 4140/4160-4375/4395 condors for 1.60, SPX at 4293, IV 30.7%, deltas -.05 +.08

First Tuesday series. Small error: I misread my screen, meant to sell the 4380 as the short call so I’m a little riskier on the call side than I’d prefer.

TNA Diagonal Bear Call Spread

Bought 1 TNA May 20 2022 63.5 Call at $0.97
Sold to Open 1 TNA Apr 29 2022 55.5 Call at $1.09 for a $0.12 Credit

TNA Covered Call Ladder

Sold 1 TNA Apr 29 2022 60.0 Call at $0.21
Sold 1 TNA Apr 29 2022 59.0 Call at $0.30
Sold 1 TNA Apr 29 2022 58.0 Call at $0.43

LABU Covered Calls

Sold LABU Apr 29 2022 13.5 Calls at $0.10

Stocks

Added to my small NFLX position at $206.00, a new 3-year low.
Added ADBE at $405.00
Added ALGN at $355.00
Added BK at $43.79
Started a tiny new position in BLK at $660.00
Started a tiny new position in CRL at $251.00
Started a tiny new position in DD at $66.00
Added ETSY at $97.00
Added GNRC at $233.00
Started a tiny new position in PNC at $171.84
Added TFC at $50.00
Started a tiny new position in WAT at $290.00
#Sp500 #FallingKnife

Market,

Gartman says stocks could fall another 10%, so looks like we may get a rally.

TQQQ Covered Calls

Sold TQQQ Apr 29 2022 50.0 Calls at $0.21

SOXL SPY SVXY XBI

#ShortPuts #CoveredeCalls – A few fills while I was on the road today.

SOXL: Covered.
Bought to Close SOXL APR 22 2022 30.0 Calls @ .01 (sold for 1.70)
Sold SOXL APR 29 2022 29.5 Calls @ .50

SPY: Starter.
Sold SPY MAY 20 2022 410.0 Put @ 5.30

SVXY: Starter.
Sold SVXY JUN 17 2022 50.0 Put @ 3.05

XBI: Adding.
Sold XBI MAY 20 2022 78.0 Put @ 3.15

Late Trades

Started a tiny new position in ISRG at $254.00, a new low after #Earnings
#SP500 #FallingKnife

Sold VXX Apr 29 2022 28.5 Diagonal Calls at $0.46
VXX closed at $26.15. Five days to expiration (DTE)
#OnlySpreads

Downside Warning in effect

#VIXIndicator A double warning as $VIX closed 25% above Wednesday’s close AND 50% above the the recent low of 18.45 from April 4th.

OptionsExpiration

EXPIRED:
TLRY 7.0 Covered Calls

TNA 61.0, 61.5 & 62.0 Covered Calls
TNA 60.0, 61.0, 61.5, 62.0 & 62.5 Diagonal Calls

TQQQ 50.5, 52.0, 53.0 & 54.0 Covered Calls
TQQQ 49.50, 50.0, & 50.5 Diagonal Calls
TQQQ 70/53 Bear Call Spreads
TQQQ 70/52.5 Bear Call Spreads
TQQQ 62/51.5 Bear Call Spreads
TQQQ 61/51 Bear Call Spreads

VXX 40/29 Bear Call Spreads
VXX 28.5 Diagonal Calls
VXX 28.0 Diagonal Calls
VXX 27.5 Diagonal Call
VXX 27.0 Diagonal Call
VXX 26.5 Diagonal Call
VXX 23.0 Diagonal Puts — #VXXContango
VXX 22.5 Diagonal Puts — #VXXContango
VXX 22.0 Diagonal Puts — #VXXContango

ASSIGNMENTS:
None

SPX 1-dte – double wide

#SPX1dte Sold to Open $SPX Apr 25th 4050/4100-4400/4450 condors for 1.50, SPX at 4275, IV 21.35%, deltas -.05 +.04

Insufficient strikes available on the put side to go with anything less than a 50-point spread. So I went a little safer on deltas as risk is higher.

LABU Puts Rolled

Rolled out this weeks LABU 13.0 Puts to next week for $0.16 Credit
Rolled out this weeks LABU 12.5 Put to next week for $0.24 Credit
The only rolls I had to do today.

VXX Leap Puts

Bought VXX Jan 19 2024 5.0 Puts at $0.40
637 Days to expiration (DTE).
I should be able to write against these a few times 🙂

VXX Call Ladder continued

Sold VXX Apr 29 2022 29.0 Calls at $0.28, $0.33, $0.34, $0.35 & $0.41
Sold VXX Apr 29 2022 29.5 Calls at $0.28 & $0.33
#OnlySpreads

VIX

up 21% today
VXX up only 5%.
Interesting futures chart

Untitled

SOXL

#shortputs
22 APR 2022 24 PUT @.09

SOXL

#shortputs
29 APR 22 18 PUT @.16

QYLD

#shortputs
STO 20 MAY 2022 19.5 PUT @.20 BATS

LABU

#shortputs

sto 22 APR 2022 10.5 PUT @.15 NYSE

https://cdn.cboe.com/resources/features/24x5_Trading_FAQ.pdf?fbclid=IwAR2jBTKEcgDhzH8vbJsyNkKXKUtemN5CeDq45WNh75F1UC4h4CTIiNZHvHo 24/5 days a week

https://cdn.cboe.com/resources/features/24x5_Trading_FAQ.pdf?fbclid=IwAR2jBTKEcgDhzH8vbJsyNkKXKUtemN5CeDq45WNh75F1UC4h4CTIiNZHvHo
24/5 days a week

SPX stopped

#SPX1dte Bought to close $SPX Apr 22nd 4300/4280 put spreads for 3.00. Condors sold yesterday for 1.40.

VXX Call Ladder

Back to selling calls
Sold VXX Apr 29 2022 27.5 Calls at $0.49
Sold VXX Apr 29 2022 28.0 Calls at $0.34 & $0.35
Sold VXX Apr 29 2022 28.5 Calls at $0.38
#OnlySpreads

TQQQ,

STO May 20, 55 call at .66
STO June 17, 65 call at .46

Markets

Quote of the day: ” Everyone Has A Plan Until They Get Punched In The Face…. And Everyone Is Being Punched In The Face”

Closing TQQQ Calls

Bought to close TQQQ Apr 22 2022 49.0 Calls at $0.01. Sold on Tuesday at $0.97 & $1.43
Bought to close TQQQ Apr 22 2022 48.5 Calls at $0.01. Sold on Tuesday at $1.17 & $1.67
Bought to close 1 TQQQ Apr 22 2022 48.0 Call at $0.01. Sold on Tuesday at $1.93

All other TQQQ Calls for this week at 49.50 up to 54.0 will be expiring.

Stocks

Added a tiny bit of these:
CHTR at $512.00
CRM at $175.00
DIS at $119.00
GPS at $11.58
KMX at $90.00
SBUX at $78.00
STT at $72.00
WBD at $20.57
Started a tiny new position in A at $123.00
All new lows
#SP500 #FallingKnife

VXX Puts

Sold calls yesterday afternoon. Switching to puts this morning for next week. This week’s puts will expire.
Sold VXX Apr 29 2022 22.0 Puts at $0.23.
Sold against some August 10 puts I bought earlier this week.
#VXXContango

And now Tuesdays too

$SPX options expiring Tuesdays start next week… not sure when they plan to start Thursdays but maybe someone will look it up.
#SPX1dte

SOXL

#coveredcallS

BTC 6,MAY 2022 34 CALL @.36/STO 4/19 @ .77

2 DAYS AND ~50% RETURN
will wait for next up tick.

SPX 1-dte

#SPX1dte Sold to Open $SPX Apr 22nd 4280/4300-4475/4495 condors for 1.40, SPX at 4398, IV 24.75%, deltas -.06 +.07

Closing TQQQ Call

Bought to close 1 TQQQ Apr 22 2022 52.0 Call at $0.01. Sold on Tuesday at $0.47

More Stocks

Started a tiny new position in WBD at $21.66
Added a tiny bit of TTWO at $133.00
Added a tiny bit of PYPL at $89.00
All new lows
#SP500 #FallngKnife

VXX Calls

Getting an early start on next week since this week’s calls look safe.
Sold VXX Apr 29 2022 28.5 Call at $0.28
Sold VXX Apr 29 2022 28.0 Calls at $0.28 & $0.31
Sold VXX Apr 29 2022 27.5 Calls at $0.35 & $0.39
Sold VXX Apr 29 2022 27.0 Calls at $0.42, $0.46 and $0.47

NFLX XBI

#ShortPuts #CoveredCalls – A couple today.

NFLX: Adding a second short call with a stop set on the first one.
Sold NFLX APR 29 2022 247.5 Call @ 2.75

XBI: Adding.
Sold XBI MAY 20 2022 81.0 Put @ 3.20
Sold XBI MAY 20 2022 81.0 Put @ 3.15

ETSY stock

Added a tiny bit to my ETSY position at a new low of $104.00.
#SP500 #FallingKnife

TNA & TQQQ Call Scalps

Sold TNA Apr 22 2022 62.0 Calls at $0.85.
Sold TQQQ Apr 22 2022 51.0 Calls at $0.35
Expires tomorrow