#ShortPuts – Starting a new position down near previous lows.
Sold SPY MAY 20 2022 415.0 Put @ 4.80
Monthly Archives: April 2022
TQQQ Call Ladder early rollups
Rolled most of my short calls up while keeping a fair amount of downside protection in place.
Bought to close TQQQ Apr 08 2022 52.0 Diagonal Calls at $3.40. Sold on a roll last week at $8.45.
Sold to Open TQQQ Apr 14 2022 53.0 Calls at $3.55 for a $0.15 Credit plus a point higher on the short strike.
Bought to close 1 TQQQ Apr 08 2022 51.5 Diagonal Call at $3.06. Sold on a roll last week at $8.02.
Sold to Open 1 TQQQ Apr 14 2022 53.0 Call at $3.08 for a $0.02 Credit plus 1.5 points higher on the short strike.
Bought to close TQQQ Apr 08 2022 49.0 Covered Calls at $4.98. Sold on a roll last week at $8.99 and $9.13.
Sold to Open TQQQ Apr 14 2022 50.0 Call at $5.00 for a $0.02 Credit plus a point higher on the short strike.
Bought to close TQQQ Apr 08 2022 48.5 Covered Calls at $6.28. Sold on a roll last week at $11.19.
Sold to Open TQQQ Apr 14 2022 49.0 Calls at $6.43 for a $0.15 Credit plus a half point higher on the short strike.
Bought to close TQQQ Apr 08 2022 48.0 Covered Calls at $7.22. Sold on a roll last week at $11.58.
Sold to Open TQQQ Apr 14 2022 48.0 Calls at $7.37 for a $0.15 Credit plus a half point higher on the short strike.
I’ve still got some deep in the money 46.0 covered calls on TQQQ, which is my largest stock position, and I’m thinking I may just let them get exercised on Friday.
SPX stopped
#SPX1dte Bought to close $SPX Apr 6th 4440/4420 put spreads for 2.95. Condors sold yesterday for 1.25
NVDA XBI
#ShortPuts – A few adds.
Sold NVDA MAY 6 2022 225.0 Put @ 6.00
Sold XBI MAY 20 2022 88.0 Put @ 3.43
Sold XBI MAY 20 2022 89.0 Put @ 3.80
VXX Call Ladder
Sold VXX Apr 08 2022 30.0 Calls at $0.19
Sold VXX Apr 08 2022 31.0 Calls at $0.15
Sold VXX Apr 08 2022 32.0 Calls at $0.13
Sold VXX Apr 08 2022 33.0 Calls at $0.12
#OnlySpreads
Upside Warning CANCELED
#VIXindicator Another run bites the dust.
NVDA XBI
#ShortPuts – Out most of the day but a couple standing orders filled.
NVDA: A couple weeks before esrnings.
Sold NVDA MAY 6 2022 230.0 Put @ 4.00
XBI: Brand new ladder after closing a bunch yesterday.
Sold XBI MAY 20 2022 90.0 Put @ 3.00
SOXL
btc 8 APR 2022 34 CALL @1.12
part of roll/had collected 2.10
so waiting for next up tick.!
VXX Calls
More Calls
Sold 1 VXX Apr 08 2022 25.5 Call at $0.84 and $0.93
Sold 1 VXX Apr 08 2022 26.0 Call at $0.77
Sold VXX Apr 08 2022 30.0 Calls at $0.15
All my short puts are now paired off with short calls
SPX 1-dte
#SPX1dte sold to open $SPX Apr 6th 4420/4440-4590/4610 condors for 1.25, SPX ar 4518, IV 20%, deltas -.06 +.06
TQQQ,
STO May 20, 35 put at .65
TQQQ very early rollup
Bought to close TQQQ Apr 08 2022 54.5 Diagonal Calls at $4.07. Sold on a roll on 03/30 at $7.84.
Sold to Open TQQQ Apr 14 2022 55.5 Calls at $4.22 for a $0.15 Credit plus a point higher on the short strike.
I’ve still got plenty of deep in the money covered calls on TQQQ, which is my largest stock position, and I’m thinking I may just let them get exercised on Friday if the market continues to fall.
LABU Calls
Sold more LABU Apr 08 2022 19.5 Diagonal Calls at $0.86
#OnlySpreads
VXX Calls
Tiptoeing back into the call side
Sold VXX Apr 08 2022 25.0 Diagonal Calls at $0.72, $0.82, $0.88 and $0.91
Paired with puts I sold last Friday.
#OnlySpreads
APD Stock
Sold 25% of my APD stock at $253.54, getting rid of my highest cost lot.
Bought this on 02/11/2022 at $249.79
#FormerFallingKnife
VXX Puts
#shortputs
$VXX STO 4/8 23 puts at .36. Sold against long puts
SPXpire
#SPX1dte Expiring: $SPX April 4th 4455/4475-4600/4620 condors, sold Friday for 1.15.
TWTR Stock
Sold my highest cost lot (half my position) in TWTR at $50.50, near the 2022 high.
Bought this on 01/05/2022 at $40.00
NIO BUCS / FB BUPS
XBI
#BullPutSpreads – Playing this as a reverse reverse psychology FOMO trade. I’m sure I have Mr. Market confused now! Wanting a pullback so setting up a bullish position thinking it could run on up to the 200 day. Happy with an up or down move now.
Sold XBI MAY 20 2022 115.0/95.0 Bull Put Spreads @ 14.80
ADBE
#ShortPuts – Playing the post earnings bounce. Nice run up to the 50 day so taking it a couple weeks early.
Bought to Close ADBE APR 14 2022 425.0 Put @ .85 (sold for 5.40)
XBI
#ShortPuts – Nice run so taking some more off a couple weeks early. Ready for it to come back down now.
Bought to Close XBI APR 14 2022 87.0 Put @ .26 (sold for 3.10)
Bought to Close XBI APR 14 2022 88.0 Put @ .35 (sold for 3.15)
Bought to Close XBI APR 14 2022 89.0 Put @ .46 (sold for 3.10)
Bought to Close XBI APR 14 2022 90.0 Put @ .60 (sold for 3.25)
Bought to Close XBI APR 22 2022 86.0 Put @ .47 (sold for 2.55)
USO Butterfly
Borrowing an idea from TastyTrade.
Sold $USO May 20 77/80/89 broken wing butterfly @ .90 credit.
LABU Calls
Sold LABU Apr 08 2022 19.5 Calls at $0.63
TNA Covered Calls
Sold 1 TNA Apr 08 2022 69.5 Call at $0.69
Sold 1 TNA Apr 08 2022 70.0 Call at $0.59
Replacing similar calls that expired Friday
TQQQ Call Ladder
Sold 1 TQQQ Apr 08 2022 59.0 Call at $2.53
Sold 1 TQQQ Apr 08 2022 60.0 Call at $1.38
Sold TQQQ Apr 08 2022 61.0 Calls at $1.33
LABU
April 8 20 call/sto .29
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 4th 4455/4475-4600/4620 condors for 1.15, SPX 4546, 10.2%, delta -.06 +.06
OptionsExpiration
A good week despite Monday’s high volatility. The abnormal move Monday in VXX allowed for some great premiums on the final write against some long VXX calls left over from previous diagonal spreads.
The strong market even brought my overly large TQQQ stock position back to even. I got lucky with calls expiring in TLRY, TNA and even TQQQ.
== Expired ==
LABU 23/17.5 Bear Call Spreads
LABU 23/18 Bear Call Spreads
LABU 25/18.5 Bear Call Spread
LABU 10/13.5 Bull Put Spread
TLRY 9.0 Diagonal Calls
TNA 70/65.5 Bear Call Spread
TNA 69.0 Covered Calls
TNA 69.5 Covered Call
TQQQ 58.50 Diagonal Call
VXX 53.0 Diagonal Calls
VXX 52.0 Diagonal Calls
VXX 51.0 Diagonal Calls
VXX 50.0 Diagonal Call
VXX 49.0 Diagonal Call
VXX 48.0 Diagonal Call
VXX 47.0 Diagonal Call
VXX 46.0 Diagonal Call
VXX 45/39 Bear Call Spread
VXX 45/38 Bear Call Spread
VXX 44/37 Bear Call Spread
VXX 45/36 Bear Call Spread
VXX 45/35 Bear Call Spread
VXX 44/34 Bear Call Spread
VXX 44/33 Bear Call Spread
VXX 43/32 Bear Call Spread
VXX 43/31 Bear Call Spread
VXX 42/31 Bear Call Spread
VXX 41/31 Bear Call Spread
VXX 40/30 Bear Call Spreads
VXX 22.0 Diagonal Puts — #VXXContango
VXX 21.5 Diagonal Puts — #VXXContango
VXX 21.0 Diagonal Puts — #VXXContango
VXX Puts
All this week’s puts are expiring. Starting on next week:
Sold VXX Apr 08 2022 21.5 Puts at $0.18 & $0.19
Sold VXX Apr 08 2022 21.0 Puts at $0.14
Sold VXX Apr 08 2022 20.0 Puts at $0.09
#VXXContango
SOXL
#CoveredCalls – Pullback today is allowing a reset of my covered calls. Going much less aggressive now. Had originally rolled these up and out to May for additional credit.
Bought to Close SOXL MAY 20 2022 32.0 Calls @ 6.75 (sold for 7.05)
Sold SOXL APR 8 2022 37.0 Calls @ 1.13
LABU Calls
Sold LABU Apr 08 2022 19.0 Calls at $0.44 and again at $0.48.
At the same time I closed out some LABU 23/17 Bear Call spreads at $0.22. Sold them for $0.48
HOOD
#BullPutSpreads – Just for fun…lottery ticket. Risk 1 to make 9.
Sold HOOD MAY 20 2022 25.0/15.0 Bull Put Spreads @ 9.00
Exiting a TLRY Spread
Bought to close TLRY 04/01/2022 8.5 Calls at $0.01. Sold last Friday at $0.84 and $0.91.
Sold to close TLRY 04/08/2022 10.0 Calls at $0.23. Bought these on 03/23 at $0.05.
#WinWin on both sides of the spread
More TLRY Calls Rolled
Bought to close TLRY 04/01/2022 8.0 Diagonal Calls at $0.12. Sold last Friday at $0.76 and $1.07
Replaced them with short TLRY 04/08/2022 11.0 Calls at $0.21.
“an expected House vote this week on a bill that could decriminalize cannabis. The bill, called the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, would remove cannabis from the Schedule I classification”
Als0 #Earnings are next Wednesday
SPX closed
#SPX1dte Bought to close $SPX Apr 1st 4475/4555 put spreads for .35. Condors sold yesterday for 1.20. Normally don’t close before stop is hit, but I don’t have a good feeling about the market today. Also, SPX dropped over 30 points AFTER I sold this yesterday.
LABU Covered Calls
Bought to close LABU Apr 01 2022 16.5 Covered Calls at $0.27. Sold last Friday on a rollup at $1.35.
Replaced them with LABU Apr 08 2022 18.5 Covered Calls at $0.42 for a $0.15 Credit and with a huge 2 point bump in the short strike (slightly above the entire trading range for March).
SOXL
#optionsexpiration
most likely expire!
April 1, 42 call /sold for 1.99
TQQQ TLRY Calls rolled
Bought to close TLRY Apr 01 2022 11.0 Calls at $0.03. Sold last week at $0.38.
Sold TLRY Apr 08 2022 11.0 Calls at $0.25
Rolled TQQQ Apr 01 2022 49.0 Covered Calls out a week at $0.27 Credit
TQQQ,
BTC April 1, 45 put at .01, sold at .46, forgot to cancel the buy order and should have just let it expire.
C AES FLT NLSN WHR Stocks
First the good.
Sold off my last lot of NLSN at $27.36 near today’s YTD high. Bought this on 02/23/2022 at $16.85 (less than a point from the 52-week low)
Sold off my next lot of FLT at $254.20 and near the 2022 high. Bought on 11/26/2021 at $220.00.
Sold my next lot of AES at $26.02 and at the 2022 high. Bought on 01/24/2022 at $22.00.
#FormerFallingKnife stocks
Added to my C stock position at $52.00
Added to my WHR stock position at $172.00
#SP500 #FallingKnife
March Jobs report
#Jobs — Slightly below expectations, but all stats are strong
Gain of +431,000 non-farm payroll jobs, vs. expected gain of 490K
Unemployment drops to 3.6%, down by 0.2 (vs expected drop of 0.1)
U6 unemployment fell to 6.9%, down by 0.3
Labor force participation 62.4%, up by 0.1
Average hourly earnings up 0.4%, and up 5.6% over 12 months.
February jobs revised up by +72K to +750K
January jobs revised up by +23K to +504K
Options Bistro 