#ShortPuts – Starting to re-load.
Sold SPY JUN 24 2022 390.0 Put @ 4.60
Sold SVXY JUL 15 2022 48.0 Put @ 2.50
Sold TLT JUL 15 2022 116.0 Put @ 2.90
Sold TLT JUL 15 2022 117.0 Put @ 3.20
Sold TLT JUL 15 2022 118.0 Put @ 3.70
Bought to Close XBI JUN 3 2022 70.0 Calls @ .95 (sold for 1.10)
#SPX1dte Sold to Open $SPX June 1st 4030/4050-4240/4260 condors for 1.55, SPX at 4143, IV 27.8%, deltas -.07 +.05.
Another tiny trade
Sold my highest cost lot in this account at $101.55. Bought on 5/9/2022 at $95.78
In another account, sold my highest cost lot at $101.77. Bought on 5/9/2022 at $94.31
Sold TQQQ Jun 03 2022 35.0 Calls at $0.82 and $0.86.
Sold TQQQ Jun 03 2022 34.5 Covered Calls at $0.98 and $1.06
#SPX1dte The inevitable Murphy’s Law struck, and of course, the first day I go long is the first day in a couple weeks that neither side of the condor is threatened. Unless we get a violent mid-day move, this one is a loss of 1.60, which is what I purchased it for. Part of the problem today was that the market spiked 15 points HIGHER after I bought the condor on Friday. This set me up nicely for a profit on a spike higher this morning. But instead, we got a spike lower, meaning the put side was just too far away for meaningful profit. The struggle continues…
Sold my GOOGL stock at $2260.00. Bought just a week ago at $2100.00
#SP500 #FormerFallingKnife
Edit: I was a bit early 😦
BTC January 2023, 75 call at .90, sold at 2.90
BTC December 16, 60 call at 1.35, sold at 1.40
BTC September 16, 60 call at .48, sold at 1.50
BTC September 16, 80 call at .14, sold at 1.10
BTC June 17, 70 call at .02, sold at 1.05
BTC June 17, 80 call at .02, sold at 1.09
Sold VXX 06/03/2022 25.0 Calls at $0.25, replacing similar calls that expired Friday
Liquidated one more stock near the close
Sold ADBE at $427.14.
Bought on 02/24/2022 at $418.59 and again on 04/25/2022 at $405.00
#FormerFallingKnife
Small list today. Everyone enjoy the long weekend and shortened trading week next week.
Expired:
LABU 5.0 Puts
TQQQ 34.0 Covered Call
VXX 42/28 Bear Call Spread
VXX 27.5 Calls
VXX 27.0 Calls
VXX 26.5 Calls
VXX 22.0 Puts — #VXXContango
Covered outright about half my VXX 05/27/2022 22.5 Puts at $0.06 for a decent gain.
Rolled the other half down to next week’s VXX 21.0 Puts at $0.05 Credit.
Done trading for today
#VXXContango
#ShortPuts – A couple more.
Bought to Close SVXY JUN 17 2022 45.0 Put @ .50 ( sold for 3.00)
Bought to Close SVXY JUN 17 2022 48.0 Put @ 1.10 (sold for 3.30)
#SPX1dte BOUGHT to Open $SPX May 31st 4000/4020-4235/4255 condors for 1.60. SPX at 4142, IV 16.2%, deltas -.06 +.06
Yes, I am BUYING this one, since just about every day for a couple months has offered a higher spread price than my entry, even on the days things settled quickly and they expire worthless. The biggest trick will be WHEN TO EXIT. This morning I may have been happy with 4.50 as an exit on the call side… but over 15.00 eventually became available. But suffice it to say, I only need to make about 1.00 per day to meet the goals of this strategy.
I will probably alternate between long and short, and definitely switch back to short when volatility settles.
Weekly summary:
3 wins, +4.45
2 losses, -3.65
Total: +.80 for the week
#ShortPuts – A few more. Will look to re-load in July.
Bought to Close TLT JUN 17 2022 113.0 Put @ .37 (sold for 3.10)
Bought to Close TLT JUN 17 2022 115.0 Put @ .71 (sold for 3.10)
Bought to Close TLT JUN 17 2022 117.0 Put @ 1.28 (sold for 3.40)
#ShortPuts #CoveredCalls – A little bit of everything.
ARKK: Covered. Not selling any new ones yet.
Bought to Close ARKK MAY 27 2022 45.0 Calls @ .40 (sold for .95)
NFLX: Long way to recovery on this one. Late rally last Friday got stock called away so been selling aggressive puts to get stock assigned. No luck yet.
Bought to Close NFLX MAY 27 2022 190.0 Put @ .05 (sold for 8.50)
Sold NFLX JUN 3 2022 195.0 Put @ 5.75
NVDA: Covered calls and short put roll.
Bought to Close NVDA MAY 27 2022 185.0 Calls @ 1.80 (sold for 3.75)
Sold NVDA JUN 17 2022 200.0 Calls @ 4.16
Rolled NVDA JUN 17 2022 155.0 Put to JUN 17 2022 175.0 Put @ 3.95 credit (12.90 toal now)
SOXL: Covered rolling.
Rolled SOXL MAY 27 2022 22.5 Calls to JUN 17 2022 25.0 Calls @ .16 credit (.70 total now)
SPY: Rolling and taking nice gains. Hoping to re-load soon.
Bought to Close SPY JUN 10 2022 375.0 Put @ .60 (sold for 4.20)
Bought to Close SPY JUN 17 2022 380.0 Put @ 1.95 (sold for 5.00)
Bought to Close SPY JUN 24 2022 375.0 Put @ 2.15 (sold for 4.75)
Bought to Close SPY JUL 1 2022 370.0 Put @ 2.43 (sold for 4.75)
Bought to Close SPY JUL 15 2022 365.0 Put @ 3.21 (sold for 5.61)
Rolled SPY MAY 27 2022 395.0 Call to JUN 17 2022 400.0 Call @ .22 credit (5.20 total now)
Rolled SPY MAY 27 2022 395.0 Call to JUN 17 2022 400.0 Call @ even (5.00 total now)
Rolled SPY JUN 17 2022 375.0 Put to SPY JUN 17 2022 410.0 Put @ 7.65 credit (11.90 total now)
TLT: Taking gains, re-selling, and moving one straggler to June monthly.
Bought to Close TLT MAY 27 2022 119.0 Put @ .27 (sold for 4.10)
Sold TLT JUN 17 2022 119.0 Put @ 2.02
Rolled TLT JUN 3 2022 121.0 Put to TLT JUN 17 2022 121.0 Put @ .84 credit (5.19 total now)
TQQQ: Covered rolling.
Rolled TQQQ MAY 27 2022 32.0 Calls to JUN 17 2022 38.0 Calls @ .12 credit (.85 total now)
XBI: Taking gains and selling new ones. Short Puts and covered.
Bought to Close XBI MAY 27 2022 70.0 Put @ .05 (sold for 4.40)
Sold XBI JUN 17 2022 70.0 Put @ 3.52
Bought to Close XBI MAY 27 2022 73.0 Calls @ .03 (sold for .85)
Sold XBI JUN 3 2022 75.0 Calls @ .42
Sold tiny bits of each near the high of the week. My highest cost lots.
Sold QQQ at $307.49. Bought on 5/9/2022 at $300.00
Sold SPY at $412.87. Bought on 5/9/2022 at $400.00
Couldn’t roll down my VXX 24.0 Puts so rolled them to next week’s 24.0 Puts at $0.24 Credit
Rolled this week’s VXX 23.5 Puts to next week’s VXX 23.0 Puts at $0.02 Credit
Rolled this week’s VXX 23.0 Puts to next week’s VXX 22.5 Puts at $0.20 Credit
My short VXX 22.0 Puts should expire, but I’m still waiting out my 22.5 Puts for the next hour.
#VXXContango
Bought to close 1 LABU 05/27/2022 8.0 Put at $1.92. Sold last week on a roll at $2.33
Bought to close 1 LABU 05/27/2022 7.0 Put at $1.00. Sold last week on a roll at $1.43.
Sold these for next week:
Sold 1 LABU Jun 03 2022 8.0 Put at $1.96 for a $0.04 Credit
Sold 1 LABU Jun 03 2022 7.0 Put at $1.15 for a $0.15 Credit
Rolled all my TNA and TQQQ Calls out to next week.
Some were covered by stock, others were part of diagonal bear call spreads.
Let’s see if this market runs out of gas in the new month.
Raising some cash by selling mostly non-dividend paying stocks
Sold AAL at $17.85. Bought on 3/7/2022 at $13.00
Sold BIO at $545.85. Bought on 03/08/2022 at $532.00 and on 04/26/2022 at $502.00
Sold DAL at $42.18. Bought on 3/7/2022 at $32.50
Sold IDXX at $392.99. Bought this month at $382.00 and again at $342.00
Sold PTC at $115.22. Bought on 2/24/2022 at $104.00
Sold IQV at 212.03. Bought on 5/10/2022 at $200.00.
Sold my highest cost lot of SPY at $409.01. Bought on 5/9/2022 at $404.00 . My remaining shares average $392.66
#SP500 #FormerFallingKnife
#SPX1dte Bought to close $SPX May 27th 4135/4155 call spreads for 3.00. Condors sold yesterday for 1.45.
BTC June 17, 80 call at .01, sold at 1.09
#SPX1dte. Unadvisedly waited it out and call side expired worthless.
Sold to Open $SPX May 27th 3925/3945-4135/4155 condors for 1.45, a few minutes after the closing bell.
A bit of a scalp on the short put. If I have to roll the short put, the market is still rising, helping a lot of my other stocks.
Bought VXX Jan 20 2023 7.0 Puts at $0.12
Sold to Open VXX May 27 2022 22.5 Puts at $0.15 for a $0.03 Credit
Long DTE = 239
Short DTE = 1
#VXXContango
#CoveredCalls – A few more.
Bought to Close XBI MAY 27 2022 74.0 Calls @ .05 (sold for .87)
Sold XBI JUN 3 2022 72.5 Calls @ .80
#CoveredCalls – Sold a new one and then stopped out of this week’s.
Sold NVDA JUN 10 2022 190.0 Call @ 3.20
Bought to Close NVDA MAY 27 2022 185.0 Call @ 1.15 (sold for 3.75)
Sold 1 TNA May 27 2022 42.5 Call at $0.92
Sold 1 TNA May 27 2022 43.0 Call at $0.68
Expires tomorrow
#OnlySpreads
Sold TQQQ May 27 2022 31.0 Calls at $0.31 and $0.47. Expires tomorrow
#OnlySpreads
#ShorttPuts #Earnings – Right at the open on the early weakness rolled for additional credit.
Rolled NVDA JUN 17 2022 135.0 Put to JUN 17 2022 155.0 Put @ 4.50 credit (8.95 total now)
#SPX1dte Stop hit on the 4065/4085 call side, so looking to exit. This pretty much means that literally every other day this strategy hits its stop point, and it can be either on the put or call side. It may be prudent to alternate between short and long spreads. It seems each volatile day is followed by a more docile one, and vice versa. In any case, it’s the first prolonged period since the 2020 crash that this strategy has struggled.
Bought to close $SPX May 26th 3960/3940 put spreads for .05. Condors sold yesterday for 1.75
A 1 for 4 reverse split in KOLD took place on the open today, putting the stock back above 20.
Sold the second half of my TMUS stock at $132.94. Bought this on 01/10/22 at 106.70.
Just raising some cash while getting rid of another no-dividend stock.
#FormerFallingKnife
#SPX1dte Sold to Open $SPX May 26th 3840/3860-4065/4085 condors for 1.70, SPX at 3971, IV 31.6%, deltas -.06 +.06
Selling more calls
Sold 1 TQQQ May 27 2022 29.0 Covered Call at $0.73
Sold TQQQ May 27 2022 30.0 Covered Calls at $0.42 and $0.47
Sold 1 TQQQ May 27 2022 31.0 Covered Call at $0.22
Back to selling puts
Sold VXX May 27 2022 22.5 Puts at $0.17, $0.19 and $0.23
STO July 1, 430/440 bear call spread at 1.02
#CoveredCalls – Filled on a couple.
Bought to Close XBI MAY 27 2022 76.0 Calls @ .04 (sold for .80)
Sold XBI JUN 3 2022 70.0 Calls @ 1.10
STO June 15, 430/440 bear call spread at .46
#SPX1dte Bought to close $SPX May 24th 3825/3805 put spreads for .10. Condors sold for 1.75 yesterday. Call side still pretty far from stop point.
Sold TQQQ May 27 2022 29.0 Covered Calls at $0.59
Sold TQQQ May 27 2022 30.0 Covered Calls at $0.34
Sold TQQQ May 27 2022 31.0 Covered Calls at $0.20
Sold TQQQ May 27 2022 32.0 Covered Calls at $0.11
Sold TNA May 27 2022 41.0 Calls at $0.49 and $0.63
My short LABU 05/27/2022 9.0 Puts were assigned overnight.
Added some more long stock. Stock Basis $5.95 after put premium.
#ShortPuts #LongStock #Earnings – Some of each.
NVDA: Earnings tomorrow. Wouldn’t mind averaging down.
Sold NVDA JUN 17 2022 135.0 Put @ 4.45
SPY: Added tiny buys.
Bought SPY Stock @ 388.60
Bought SPY Stock @ 387.25
#SPX1dte Sold to Open $SPX May 25th 3805/3825-4040/4060 condors for 1.75, SPX at 3937, IV 33.6%, deltas -.06 +.06
A very odd shape to the VIX futures curve.
Does this mean that the market rallies after the November election?
The bloom is off the rose. Sell to open $MRNA Jun 17 150/160 bear call spread @ 1.60.
Sold TQQQ May 27 2022 29.0 Calls at $0.40
Sold TQQQ May 27 2022 30.0 Calls at $0.26 and $0.28
#SPX1dte Bought to close $SPX May 24th 3860/3840 put spreads for 3.85. Condors sold yesterday for 1.75.
This has been pretty rough last few weeks. It’s rare that every other spread is stopped out. If it continues I will have to suspend the campaign or examine the pattern to see if certain days should be avoided.
Sold a few more calls, turning some more short puts into short strangles.
Sold VXX May 27 2022 26.5 Calls at $0.42 and $0.52.
Sold VXX May 27 2022 27.0 Calls at $0.36 and $0.46
Sold a few calls near the close
Sold VXX May 27 2022 26.5 Calls at $0.30 and $0.34.
Turning a few short puts into short strangles.
#SPX1dte Sold to Open $SPX May 24th 3840/3860-4060/4080 condors for 1.75, SPX at 3971, IV 31.3%, deltas -.05 +.06
I’m thinking this could be a good level but with a huge price tag and a 20:1 split coming up I think I’ll wait until after it officially starts trading split adjusted on June 6. Once options open up I’ll probably look to sell something that would be 1,000-1,100 today so maybe 50-60 in mid June, with maybe a Jan 2023 expiration, if the stock doesn’t take off to the upside between now and then.
Selling more puts against long puts already in the account from previous spreads.
Sold VXX May 27 2022 22.0 Puts at $0.27
Sold 1 VXX May 27 2022 22.5 Put at $0.41
Sold VXX May 27 2022 23.0 Puts at $0.58, $0.62 and $0.67
Sold 1 VXX May 27 2022 23.5 Put at $0.95
#VXXContango
A sharp move down in VXX allowed me to start replacing all the puts that expired Friday.
Sold VXX May 27 2022 23.0 Puts at $0.45
Sold VXX May 27 2022 23.5 Puts at $0.64 and $0.68
Sold VXX May 27 2022 24.0 Puts at $0.90 and $0.95
At the same time I was buying the following, creating diagonal bull put spreads
VXX Aug 19 2022 15.0 Puts at $0.36 – 88 DTE
VXX Sep 16 2022 13.0 Puts at $0.33 – 116 DTE
VXX Dec 16 2022 10.0 Puts at $0.45 – 207 DTE
VXX Jan 20 2023 10.0 Puts at $0.57 and $0.62 – 242 DTE
#VXXContango
#CoveredCalls – A few more.
SPY: Mostly covered.
Sold SPY MAY 27 2022 395.0 Call @ 5.00
Sold SPY JUN 17 2022 410.0 Call @ 4.10
XBI: Covering the rest of my stock.
Sold XBI MAY 27 2022 74.0 Calls @ .87
Sold the last tiny bit of FLT at $237.40. Bought this on 11/30/2021 at $210.00.
Getting rid of non-dividend paying stocks in favor of stocks with 3% – 4% payout for a bit less volatility.
#FormerFallingKnife
#spxcampaign
STO 6 JUN 2202 4220/4225 CALL @.35
#SPX1dte Bought to close $SPX 3750/3730 put spreads for .10. Condors sold Friday for 1.50.
Sold 1 TNA May 27 2022 42.5 Call at $0.59
Sold 1 TNA May 27 2022 43.0 Call at $0.46
Sold 1 TNA May 27 2022 43.5 Call at $0.40
Replacing similar calls that expired Friday
Liquidated the rest of my tiny position in EA at $135.46. Bought on 05/10/2022 at $110.00.
Pretty difficult to make 23% in this market.
#FormerFallingKnife
#ShortPuts – Rolling for additional credit. Short others in June at lower strikes.
Rolled TLT MAY 20 2022 119.0 Put to MAY 27 2022 119.0 Put @ 1.10 credit (4.10 total now)
Rolled TLT MAY 20 2022 121.0 Put to JUN 3 2022 121.0 Put @ 1.15 credit (4.35 total now)
Rolled TLT MAY 20 2022 123.0 Put to JUN 17 2022 123.0 Put @ 1.32 credit (4.45 total now)
Rolled TLT MAY 20 2022 125.0 Put to JUN 17 2022 125.0 Put @ .95 credit (3.80 total now)
A good week to be selling Calls on TNA and TQQQ. VXX worked pretty well too.
I’m ready for another dead cat bounce next week.
Expired:
KOLD 6.0 Put
LABU 9.0 Covered Calls
LABU 6.0 Put
LABU 5.5 Put
LABU 5.0 Put
LABU 4.5 Puts
TNA 44/45/46 Covered Calls
TNA 70/46 Bear Call Spread
TNA 68/46 Bear Call Spread
TNA 63.5/46 Bear Call Spread
TNA 59/45 Bear Call Spread
TNA 58.5/45 Bear Call Spread
TNA 44.0 Calls
TQQQ 32/33/34/35 Covered Calls
TQQQ 60/38 Bear Call Spread
TQQQ 37.0 Call
TQQQ 36.0 Calls
VXX 49/28.5 Bear Call Spread
VXX 48/28.5 Bear Call Spread
VXX 47/28 Bear Call Spread
VXX 45/28 Bear Call Spreads
VXX 44/28 Bear Call Spread
VXX 43/28 Bear Call Spread
VXX 41/28 Bear Call Spread
VXX 40/28 Bear Call Spread
VXX 39/28 Bear Call Spreads
VXX 38/28 Bear Call Spreads
VXX 37/27.5 Bear Call Spreads
VXX 36/27.5 Bear Call Spreads
VXX 10/23.5 Bull Put Spreads
VXX 11/24 Bull Put Spreads
VXX 15/24 Bull Put Spreads
VXX 16/24 Bull Put Spreads
VXX 24.0 Puts — #VXXContango
VXX 24.5 Puts — #VXXContango
A drop in VXX in the last 60 seconds before the close forced me out of the last of my VXX May 20 2022 25.0 short Puts at $0.02. Still my average selling price was $0.50 on these remaining puts.
Replaced them with the following short puts for next week.
Sold VXX May 27 2022 23.50 Puts at $0.18 and $0.23
Sold 1 VXX May 27 2022 24.0 Put at $0.43
#SPX1dte Sold to open $SPX May 23rd 3730/3750-4015/4035 condors for 1.50, SPX at 3887, IV 23.7%, deltas -.06 + .06
Continuing selling for next week as all my short VXX calls for today are looking like they will expire.
Sold VXX May 27 2022 28.0 Calls at $0.54 and $0.58
#shortputs
20 MAY 2022 17.5 PUT @.03
#SPX1dte Bought to Close $SPX May 20th 3800/3780 put spreads for 4.45. Condors sold yesterday for 1.65.
Rough week, with two stops on the put side, both with relentless down moves with little bounce opportunities. Wednesday turned out to be a 4% down day so I couldn’t risk waiting for a bigger bounce today. It’s already a dollar cheaper than my fill.
Starting in on next week
Sold 1 VXX May 27 2022 27.5 Call at $0.79
#ShortPuts – Was going to take stock here at a basis around 71 but decided to roll again since premium is decent.
Rolled XBI MAY 20 2022 70.0 Put to MAY 27 2022 70.0 Put @ 1.42 credit (4.42 total now)
Rolled XBI MAY 20 2022 72.0 Put to JUN 17 2022 72.0 Put @ 2.65 credit (5.85 total now)
Rolled XBI MAY 20 2022 74.0 Put to JUN 17 2022 74.0 Put @ 2.00 credit (5.05 total now)
Rolled XBI MAY 20 2022 76.0 Put to JUN 17 2022 76.0 Put @ 1.42 credit (4.62 total now)
Rolled XBI MAY 20 2022 78.0 Put to JUN 17 2022 78.0 Put @ 1.00 credit (4.15 total now)
Rolled XBI MAY 20 2022 80.0 Put to JUN 17 2022 80.0 Put @ .72 credit (3.85 total now)
Added a tiny bit of SPY at $384.58, a new yearly low. My next buy point in this account is 5 points lower.
Added a tiny bit of QQQ at $282.48.
#FallingKnife
#CoveredCalls – Another round.
ARKK:
Bought to Close ARKK MAY 20 2022 45.0 Calls @ .05 (sold for 1.28)
Sold ARKK MAY 27 2022 45.0 Calls @ .95
NVDA: Earnings next week.
Bought to Close NVDA MAY 20 2022 190.0 Calls @ .05 (sold for 4.40 and 4.46)
Sold NVDA MAY 27 2022 185.0 Calls @ 3.75
SOXL:
Bought to Close SOXL MAY 20 2022 21.5 Calls @ .05 (sold for .80)
Sold SOXL MAY 27 2022 22.5 Calls @ .55
SPY: Sold the new call yesterday.
Bought to Close SPY MAY 20 2022 405.0 Call @ .05 (sold for 7.40)
Currently 13.50
STO, June 15, 420/430 call spread at .77
Lightening up a bit more on the lowest premium sells from Monday’s put sales.
Bought to close VXX May 20 2022 25.0 Puts at $0.09 and $0.08.
Sold at $0.23.
Edit:
Covered more.
Bought to close VXX May 20 2022 25.0 Puts at $0.07 and $0.06. Sold at $0.27.
Bought to close VXX May 20 2022 25.0 Puts at $0.05 and $0.04. Sold at $0.32.
Bought to close VXX May 20 2022 Put at $0.03 and $0.02. Sold at $0.35 and $0.39.
Letting the rest expire this afternoon unless we have a big market move that forces VXX down again.
#SPX1dte Sold to Open $SPX May 20th 3780/3800-4050/4070 condors for 1.50, SPX at 3924, IV 37.15%, deltas -.06 +.06
Lightening up just a bit on the lowest premium sells from Monday’s put sales with the VIX and VXX falling again
Bought to close VXX May 20 2022 25.0 Puts at $0.09 and $0.07. Sold at $0.23.
I also have short puts at 23.5, 24.0 and 24.5 which I’m guessing will expire tomorrow.
#VXXContango
Options Bistro 