Taking some nice percentage gains and getting a bit closer to cash.
Sold out of ALK at $61.07 at it’s YTD high. Bought on 12/01/2021 at $47.00
Sold my highest cost lot of DAL at 45.14 at it’s YTD high. Bought on 11/26/2021 at $35.00
Sold another lot of AAL at $21.25 (also it’s YTD high). Bought on 03/07/2022 at $14.00
Sold out of UAL at $50.94 (also it’s YTD high). Bought on 03/07/2022 at $34.00
#FormerFallingKnife
Monthly Archives: April 2022
ZBH Stock
Sold my two highest cost lots. Costs have been adjusted for the ZIMV (ZIMVIE INC) spinoff on March 1st.
Sold some at $132.81 vs. a buy at $130.91 on 11/09/2021
Sold some at $134.05 vs. a buy at $127.00 on 11/16/2021.
I still have 3 more lots with the lowest cost being $112.55
#FormerFallingKnife
ADBE FAS NFLX XBI
#ShortPuts #CoveredCalls – catching up on today.
ADBE: Taking small gain.
Bought to Close ADBE MAY 6 2022 400.0 Put @ 3.10 (sold for 4.90)
FAS: Taking small gain.
Bought to Close FAS MAY 20 2022 100.0 Put @ 2.82 (sold for 3.26)
NFLX: Covered. Taking my consolation prize.
Bought to Close NFLX APR 22 2022 340.0 Call @ .01 (sold for 16.85)
Sold NFLX MAY 20 2022 275.0 Call @ 4.60
XBI: Covered.
Bought to Close XBI APR 22 2022 91.0 Calls @ .05 (sold for 1.36)
Sold XBI MAY 13 2022 90.0 Calls @ 1.40
NFLX put spread
The craziness seems to be slowing down. Sold to open $NFLX May 20 190/180 bull put spread @ 2.05 credit, short puts 22 delta. Price got down to -4 standard deviations.
VXX Puts
Sold VXX Apr 22 2022 22.5 Puts at $0.10
Sold VXX Apr 22 2022 22.0 Puts at $0.09
Sold against lots of long puts
#VXXContango
NFLX stock
Added a tiny bit of NFLX at $245.00, a new 3-year low.
And this is why I stay small
NFLX is dragging down TQQQ too
TQQQ and TNA Calls
Sold 1 TQQQ Apr 22 2022 51.5 Call at $0.85
Sold 1 TQQQ Apr 22 2022 52.5 Call at $0.60
Sold 1 TNA Apr 22 2022 60.0 Call at $1.73
Sold 1 TNA Apr 22 2022 61.0Call at $1.22
Sold 1 TNA Apr 22 2022 62.5 Call at $0.71
#OnlySpreads
Stocks
First the good
Sold my first and highest cost lot in AAL at $19.76. Bought on 01/28/2022 at $15.00.
#FormerFallingKnife
Next, added a tiny bit of XRAY at $42.03
#SP500 #FallingKnife
TQQQ Call Ladder
Sold:
1 TQQQ Apr 22 2022 48 Call at $1.93
1 TQQQ Apr 22 2022 48.5 Call at $1.67
1 TQQQ Apr 22 2022 49 Call at $1.43
1 TQQQ Apr 22 2022 49.5 Call at $1.20
1 TQQQ Apr 22 2022 50 Call at $1.02
1 TQQQ Apr 22 2022 50.5 Call at $0.87
1 TQQQ Apr 22 2022 51 Call at $0.67
1 TQQQ Apr 22 2022 51.5 Call at $0.56
TNA Diagonal Calendar Spreads
Bought TNA May 06 2022 67.0 Call at $0.74
Sold TNA Apr 22 2022 61.0 Call at $0.89 for a $0.15 Credit
Bought TNA May 06 2022 67.5 Call at $0.67
Sold TNA Apr 22 2022 61.0 Call at $0.89 for a $0.22 Credit
Bought TNA May 06 2022 67.5 Call at $0.74
Sold TNA Apr 22 2022 61.5 Call at $0.86 for a $0.12 Credit
SPX 1-dte
#SPX1dte Sold to Open $%SPX Apr 20th 4355/4375-4515/4535 condors for 1.35, a few minutes after the closing bell. Closing SPX: 4463, IV 19.5%, deltas -.06 +.06
TQQQ,
STO September 16, 80 call at 1.11
TQQQ Calls
Sold TQQQ Apr 22 2022 49.5 Calls at $0.73
#OnlySpreads
VXX Long Puts
First trade for VXX in this expiration month
Bought VXX Aug 19 2022 10.0 Puts at $0.10
123 Days to expiration
#VXXContango
TLT XBI
#ShortPuts – A couple adds.
Sold TLT MAY 20 2022 119.0 Put @ 3.00
Sold XBI MAY 20 2022 82.0 Put @ 3.25
LABU Puts
Sold LABU 04/22/2022 13.0 Diagonal Puts at $0.67 and $0.70, replacing similar puts that expired Friday.
#OnlySpreads
Stocks
COIN (not an SP500 stock but one I’ve been accumulating to stay exposed to bitcoin) – Added a tiny bit at $145.00
GNRC – Started a tiny position at $250.00
CHTR – added a tiny bit at $542.72
DIS – added a tiny bit at $127.00
#FallingKnife #SP500
ARKK NFLX XBI
#ShortPuts #CoveredCalls – A few.
ARKK: Covered.
Sold ARKK MAY 20 2022 62.5 Calls @ 2.05
NFLX: Covered with earnings tomorrow.
Sold NFLX APR 22 2022 350.0 Call @ 11.75
XBI: Adding
Sold XBI MAY 20 2022 83.0 Put @ 3.30
OptionsExpiration
A pretty good week where I hardly had to roll anything
EXPIRED:
LABU 16.0 Covered Calls
LABU 16.5 Covered Calls
LABU 22.5/17 Bear Call Spreads
LABU 14.0 Diagonal Put
LABU 13.5 Diagonal Put
TLRY 7.0 Covered Calls
TLRY 11/7.5 Bear Call Spreads
TNA 59.0 Diagonal Call
TNA 61.5 Diagonal Call
TNA 62.0 Diagonal Calls
TNA 62.0 Covered Call
TNA 63.0 Covered Call
TNA 64.0 Covered Call
TQQQ 50.0 Diagonal Calls
TQQQ 51.0 Diagonal Calls
TQQQ 51.5 Diagonal Calls
TQQQ 52.0 Diagonal Calls
TQQQ 52.5 Diagonal Call
TQQQ 62/53 Bear Call Spread
TQQQ 66/53 Bear Call Spread
TQQQ 67/53.0 Bear Call Spread
VXX 25.5 Diagonal Calls
VXX 26.0 Diagonal Calls
VXX 26.5 Diagonal Call
VXX 27.0 Diagonal Call
VXX 27.5 Diagonal Calls
VXX 45/28.0 Bear Call Spread
VXX 48/28.5 Bear Call Spread
VXX 48/29.5 Bear Call Spread
VXX 52/30 Bear Call Spread
VXX 12/21 Bull Put Spreads
VXX 13/21 Bull Put Spreads
SOXL
btc 29 APR 2022 34.5 CALL @.28
sto @.55 yesterday/~50% gain and not wait 15 more days
will reload on next up tick.
#shortputs
sto 22 APR 2022 19 PUT @.11
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 18th 4280/4300-4480/4500 condors for 1.20, SPX at 4402, IV 12.45%, deltas -.05 +.06
Expiring: Apr 14th 4350/4370-4510/4530 condors, sold yesterday for 1.20
TNA Call
Bought to close 1 TNA Apr 14 2022 60.0 Call at $0.01. Sold this on Monday at $0.57.
The scalp worked
TQQQ,
STO May 27, 60 call at .80
VXX Long term Puts
Bought to open VXX Jan 19 2024 5.0 Puts at $0.45, adding to my position
645 Days to expiration.
I should be able to write against these a few times 🙂
#VXXContango
NFLX
#CoveredCalls – Out most of the week so haven’t been doing much.
Bought to Close NFLX APR 14 2022 360.0 Call @ .05 (sold for 11.95)
Earnings next week.
VXX Call Ladder
It’s looking like all this week’s calls will expire so I’m starting on next week.
Sold VXX Apr 22 2022 29.0 Calls at $0.33
Sold VXX Apr 22 2022 28.5 Calls at $0.33
Sold 1 VXX Apr 22 2022 28.0 Calls at $0.38 & $0.41
Sold 1 VXXX Apr 22 2022 27.5 Call at $0.45
Sold 1 VXX Apr 22 2022 27.0 Call at $0.51
Sold 1 VXX Apr 22 2022 26.5 Call at $0.58
TQQQ Covered Call Rollups
Bought to close TQQQ Apr 14 2022 48.5 Calls at $1.27. Sold on 04/06 on a roll at $7.36
Sold to Open TQQQ Apr 22 2022 50.5 Calls at $1.67 for a $0.40 Credit plus 2 more points on the short strike.
Bought to close TQQQ Apr 14 2022 49.0 Calls (partial position) at $0.75. Sold on 04/06 on a roll at $6.43
Sold to Open TQQQ Apr 22 2022 52.0 Calls at $0.96 for a $0.21 Credit plus 3 more points on the short strike.
Bought to close TQQQ Apr 14 2022 50.0 Calls at $0.44. Sold on 04/06 on a roll at $5.00
Sold to Open TQQQ Apr 22 2022 54.0 Calls at $0.49 for a $0.05 Credit plus 4 more points on the short strike.
SOXL
STO 29 APR 2022 34.5 CALL @.55
Stock trade
Added a tiny bit to my FBHS stock at $70.00, and at a new low.
#SP500 #FallingKnife
SPX 1-dte
#SPX1dte Sold to Open $SPX April 14th 4350/4370-4510/4530 condors for 1.20, SPX at 4447, IV 19.5%, deltas -.06 +.06. Markets closed Friday so these are Weekly options expiring Thursday.
Expiring: April 13th 4305/4325-4495/4515 condors, sold yesterday for 1.25
KOLD Diagonal Put
Bought to open KOLD Nov 18 2022 5.0 Put at $1.09
Sold to Open KOLD May 20 2022 10.0 Put at $1.86 for an initial credit of $0.77 and six months between strikes.
Short DTE = 37
Long DTE = 219
TQQQ scalp
More scalps
Sold to Open TQQQ Apr 14 2022 51.5 Diagonal Calls at $0.47 and $0.53. Expires tomorrow
Sold to Open TQQQ Apr 14 2022 52.0 Diagonal Call at $0.37 Expires tomorrow
I do have plenty of long stock with profitable covered calls for tomorrow
TQQQ Calls Closed
Bought to close TQQQ Apr 14 2022 55.5 Calls at $0.01. Sold for at $4.22 om 04/05/2022
TQQQ scalp
Sold to Open TQQQ Apr 14 2022 51.0 Calls at $0.53. Expires tomorrow
VXX Call
Late report from yesterday
Sold 1 VXX Apr 14 2022 25.5 Diagonal Call at $1.08
Stocks
Add to my tiny position in LRCX at a new low of $466.00
Started tiny new positions in:
ITW at $198.78
TEL at $123.00
Both new lows.
#SP500 #FallingKnife
KOLD LABU TLRY
Out all day but got these reports
Rolled KOLD 20, 19 and 18 puts out to next month for credits of $0.25, $0.30 and $0.30.
Sold LABU Apr 14 2022 16.0 Covered calls at $0.30, 16.5 Covered Calls at $0.25, and 17.0 Diagonal calls at $0.15
Sold TLRY Apr 14 2022 7.0 Covered Calls at $0.09 and 7.5 Diagonal Calls at $0.05
GLD,
BTO September 16, 185/200/205 butterfly at 3.15, GLD is in an uptrend.
TQQQ,
BTO June 17, 50/40/35 put butterfly @ 2.50 so, if we are in a bear market this should be profitable.
SOXL
22 APR 2022 35 CALL @.29 /STO 1.08
closing early because in 10 days Mr. market may go up.
Another TNA Call Ladder
Sold 1 TNA Apr 14 2022 60 Call at $0.57
Sold 1 TNA Apr 14 2022 59 Call at $0.92
TLT
#ShortPuts – Adding.
Sold TLT MAY 20 2022 121.0 Put @ 3.20
XBI
#CoveredCalls – Reloading.
Bought to Close XBI APR 14 2022 95.0 Calls @ .08 (sold for 2.15)
Sold XBI APR 22 2022 91.0 Calls @ 1.36
Earnings
we’ll start to see the Q1 earnings season get going, with releases from a number of US financials, among others. They include JPMorgan Chase and BlackRock (both on Wednesday), ahead of reports from Citigroup, Morgan Stanley, Goldman Sachs and Wells Fargo (on Thursday). But overall, it’s still a fairly quiet on the earnings front with just 15 companies in the S&P 500 reporting, and it’ll only really ramp up the following week with 68 of the index reporting, and then 181 in the week after that.
SPX stopped
#SPX1dte Bought to close $SPX Apr 11th 4415/4395 put spreads for 1.75. Condors sold for 1.65 on Friday.
FAS
#ShortPuts -Reducing position size on this one.
Bought to Close FAS MAY 20 2022 90.0 Put @ 3.35 (sold for 4.25)
Bought to Close FAS MAY 20 2022 95.0 Put @ 4.40 (sold for 3.20)
XBI
#ShortPuts – Adding.
Sold XBI MAY 20 2022 85.0 Put @ 3.40
Sold XBI MAY 20 2022 84.0 Put @ 3.40
LABU Put
Sold 1 LABU Apr 14 2022 14.0 Put at $0.60, replacing the short 15.0 put that expired Friday
Stocks
First the good
Sold my HRL at $53.16, at a new 3-year high. Bought on 09/07/2021 at 42.50.
#FormerFallingKnife
Added a tiny bit to PENN at 35.92
#SP500 #FallingKnife
TNA Covered Call Ladder
Sold 1 TNA Apr 14 2022 62 Covered Call at $0.33
Sold 1 TNA Apr 14 2022 63 Covered Call at $0.23
Sold 1 TNA Apr 14 2022 64 Covered Call at $0.15
SOXL SPY
#ShortPuts #CoveredCalls – A couple.
SPY: Stopped out for small gain.
Bought to Close SPY MAY 20 2022 415.0 Put @ 4.37 (sold for 4.80)
SOXL: Covered.
Rolled SOXL APR 22 2022 35.0 Calls to APR 22 2022 30.0 Calls @ .70 credit (1.70 total now)
VXX Calls
Dumping some long calls (fully paid for ) that expire this shortened week. No trading Friday.
Sold to Close:
VXX Apr 14 2022 41 Call at $0.17
VXX Apr 14 2022 42 Call at $0.10
VXX Apr 14 2022 43 Calls at $0.10
VXX Apr 14 2022 44 Calls at $0.10
VXX Apr 14 2022 49 Calls at $0.12.
Then, sold some calls against other leftover long calls:
VXX Apr 14 2022 30 Call at $0.36
VXX Apr 14 2022 29.5 Call at $0.38
VXX Apr 14 2022 28.5 Call at $0.46
VXX Apr 14 2022 28 Call at $0.50
VXX Apr 14 2022 27.5 Call at $0.55
VXX Apr 14 2022 27 Call at $0.64
Replacing similar calls that expired Friday
#OnlySpreads
SPY
My indicators show that SPY has entered a new uptrend. Even though it’s pretty weak, I’m following the system.
STO SPY April 22 2022 433 Put @ 2.11
LABU
#coveredcalls
#optionsexpiration
april 8 20 call
OptionsExpiration
The weak market the last few days has allowed just about all my short calls and bear call spreads to expire. And ALL but one of my VXX short positions expired again this week.
== Expired:
LABU 17.0 Diagonal Calls
LABU 18.5 Covered Calls
LABU 19.0 Diagonal Calls
LABU 19.5 Diagonal Calls
LABU 10/15.5 Bull Put Spread – barely
TLRY 10.0 Covered Calls
TLRY 10.5 Covered Calls
TLRY 10.5 Diagonal Call
TLRY 11.0 Diagonal Calls
TNA 61.0 Diagonal Call
TNA 63.0 Diagonal Call
TNA 64.5 Diagonal Call
TNA 68.0 Covered Call
TNA 69.5 Covered Call
TNA 70.0 Covered Call
TNA 71/64.50 Bear Call Spread
TQQQ 56.0 Diagonal Call
TQQQ 58.0 Diagonal Call
VXX 25.5 Diagonal Calls
VXX 26.0 Diagonal Call
VXX 30.0 Diagonal Calls
VXX 31.0 Diagonal Calls
VXX 32.0 Diagonal Calls
VXX 47/33 Bear Call Spread
VXX 23.5 Diagonal Puts — #VXXContango
VXX 23.0 Diagonal Puts — #VXXContango
VXX 21.5 Diagonal Puts — #VXXContango
VXX 21.0 Diagonal Puts — #VXXContango
VXX 20.0 Diagonal Puts — #VXXContango
== Assignments:
TQQQ 46.0 Covered Calls (sold at 13.62). Exiting 25% of my long stock position at a profit for safety and liquidity.
VXX Puts
New #VXXContango spread
Bought VXX Jun 17 2022 10.0 Puts at $0.03
Sold to Open VXX Apr 14 2022 21.0 Puts at $0.10
Short trading week next week. Only 4 days to expiration on the short.
68 days left on the long, so I’ll be writing against in many more times.
VXX Call Rollup
VXX putting on a late day run to 24.99, too close for comfort. (and the VIX is down, but VXX is up)
Bought to close VXX Apr 08 2022 25 Calls at $0.10. Sold early this week at $0.84 average price.
Sold to Open VXX Apr 14 2022 26.5 Calls at $0.62 for a $0.52 Credit and bumped the strike up 1.5 points
Every other VXX position it have is expiring.
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 11th 4395/4415-4565/4585 condors for 1.65, SPX at 4499, IV 12.4%, deltas -.07 +.07
Expiring: Apr 8th 4415/4435-4590/4610 condors, sold yesterday for 1.50.
TQQQ,
BTC April 14, 45 put at .31, sold at .70, getting a little too close for my comfort level.
TLT
#ShortPuts – Adding.
Sold TLT MAY 20 2022 123.0 Put @ 3.15
XBI
#ShortPuts – Adding.
Sold XBI MAY 20 2022 86.0 Put @ 3.00
FXI NVDA
#ShortPuts #CoveredCalls – A few of each.
FXI: Taking the loss. FXI is weak premium and a lot of China risk. Replacing with an NVDA position for recovery.
Sold FXI Covered Stock @ 24.95 (basis 27.80)
Sold NVDA APR 22 2022 230/250/257.5 Jade Lizard @ 8.30
EDIT: NVDA now a Jade Lizard.
Markets
I found this interesting
Stocks
First the good.
Sold out of my LDOS at $109.62, near today’s 52-week high. Bought on 12/17/2021 at $86..64.
#FormerFallingKnife
Started a tiny new position in USB at $51.54
#SP500 #FallingKnife
TQQQ,
BTC April 8, 45 put at .01, sold at .46
SOXL
22 APR 2022 35 CALL @1.08
thanks fuzzballl
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 8th 4415/4435-4590/4610 condors for 1.50, SPX at 4518, IV 20.7%, deltas -.07 +.04
More Stocks
First the good,
Sold out of CAH at $58.47, near the 2022 high. Bought on 11/30/2021 at $47.00.
#FormerFallingKnife
Bought a tiny bit of these at new lows
DHI at $70.00
PHM at $40.00
GM at $38.00
Financial Stocks
Bought a tiny bit of these at new lows
GS at $315.00
FRC at $155.00
BEN at $25.71
#SP500 #FallingKnife
NFLX SOXL
#CoveredCalls #ShortPuts – A couple.
NFLX: Pullback helped here.
Rolled NFLX APR 8 2022 357.5 Call to APR 14 2022 360.0 Call @ 2.65 credit
SOXL: Another round.
Bought to Close SOXL APR 8 2022 37.0 Calls @ .05 (sold for 1.13)
Sold SOXL APR 22 2022 35.0 Calls @ 1.01
ADBE FAS
#ShortPuts – A couple more.
Sold ADBE MAY 6 2022 400.0 Put @ 4.90
Sold FAS MAY 20 2022 90.0 Put @ 4.25
TNA Call
On the flash move up after the fed:
Sold 1 TNA Apr 08 2022 61.0 Call at $0.81
#OnlySpreads
VXX Puts
A new #VXXContango trade
Bought to open VXX Jun 17 2022 12.0 Puts at $0.14
Sold to Open VXX Apr 08 2022 23.5 Puts at $0.16 for a $0.02 Credit.
Short DTE = 2
Long DTE = 72
XBI
#ShortPuts – Add to the bottom of the ladder.
Sold XBI MAY 20 2022 87.0 Put @ 3.25
TNA
#ShortPuts – Taking half.
Bought to Close TNA APR 14 2022 50.0 Puts @ .60 (sold for 1.21)
Options Bistro 