OptionsExpiration

I’m ready for a good bear market rally. At least all the VXX Calls I rolled up last week expired.
Going into next week’s expiration I only have short LABU puts and TNA Calls I sold today. Nothing else.

Expired:
LABU 11.0 Covered Calls
LABU 25/11 Bear Call Spreads

TNA 69/55 Bear Call Spread
TNA 68/54 Bear Call Spread
TNA 67.5/53 Bear Call Spread
TNA 67/53 Bear Call Spread
TNA 53, 54 and 55 Covered Calls
TNA 52.0 Diagonal Calls
TNA 51.0 Diagonal Call
TNA 50.5 Diagonal Calls
TNA 50.0 Diagonal Calls
TNA 49.0 Diagonal Calls
TNA 48.0 Diagonal Call

TQQQ 69/46 Bear Call Spreads
TQQQ 68/45.5 Bear Call Spread
TQQQ 67/45 Bear Call Spread
TQQQ 61/44.5 Bear Call Spreads
TQQQ 60.5/44 Bear Call Spread
TQQQ 45, 45.5 and 46 Covered Calls
TQQQ 43.0 Diagonal Calls
TQQQ 42.0 Diagonal Calls
TQQQ 41.0 Diagonal Calls

VXX 52/36 Bear Call Spread
VXX 52/35 Bear Call Spread
VXX 50/34 Bear Call Spread
VXX 50/33 Bear Call Spread
VXX 48/33 Bear Call Spreads
VXX 46/33 Bear Call Spreads
VXX 44/33 Bear Call Spread
VXX 33.0 Diagonal Calls
VXX 32.0 Diagonal Calls
VXX 31.0 Diagonal Calls
VXX 30.5 Diagonal Calls
VXX 30.0 Diagonal Calls
VXX 28.5 Diagonal Calls

VXX 25.0 Diagonal Puts — #VXXContango
VXX 24.5 Diagonal Puts — #VXXContango
VXX 24.0 Diagonal Put — #VXXContango

SPX 1-dte

#SPX1dte Sold to Open $SPX May 9th 3970/3990-4255/4275 condors for 1.80, SPX at 4127, IV 23.4%, deltas -.06 +.06

Expiring: May 6th 3960/3980-4275/4295, sold yesterday for 1.70.

LABU Puts Rolled

Rolled LABU 9.0 Puts to next week for a $0.13 Credit
Rolled LABU 7.5 Puts to next week’s LABU 7.0 Put for a $0.11 Credit plus a $0.50 lower strike.
Last trades for this week

CSCO Stock

Started a new position in CSCO at $48.87.
P/E = 17.74, Dividend = 3.06%
#SP500 #FallingKnife

NFLX NVDA SOXL SPY TLT TQQQ XBI

#CoveredCalls #shortPuts – A little of everything.

NFLX: Covered.
Bought to Close NFLX MAY 6 2022 212.5 Call @ .01 (sold for 2.80)
Sold NFLX MAY 13 2022 192.5 Call @ 2.59

NVDA: Covered.
Bought to Close NVDA MAY 6 2022 210.0 Call @ .02 (sold for 4.50)
Bought to Close NVDA MAY 6 2022 220.0 Call @ .01 (sold for 2.10)
Sold NVDA MAY 13 2022 205.0 Call @ 2.80
Sold NVDA MAY 13 2022 207.5 Call @ 2.38

SOXL: Covered.
Bought to Close SOXL MAY 6 2022 26.0 Calls @ .05 (sold for .89)
Sold SOXL MAY 13 2022 27.0 Calls @ .70

SPY: Adding.
Sold SPY JUN 24 2022 360.0 Put @ 5.00

TLT: Adding.
Sold TLT JUN 17 2022 113.0 Put @ 3.10

TQQQ: Covered.
Bought to Close TQQQ MAY 6 2022 41.0 Calls @ .01 (sold for 7.85)
Sold TQQQ MAY 13 2022 40.0 Calls @ .79

XBI: Adding and covered.
Sold XBI MAY 20 2022 70.0 Put @ 3.00
Bought to Close XBI MAY 13 2022 90.0 Calls @ .05 (sold for 1.40)
Sold XBI MAY 20 2022 78.0 Calls @ 1.20

TNA Calls

Sold TNA May 13 2022 50.0 Calls at $0.54, $0.56 and $0.60
Sold TNA May 13 2022 50.5 Calls at $0.47 and $0.53

TQQQ,

The question that I have is how low can this triple ETF go? We are only at the beginning of the bear market.

April Jobs report

#Jobs — Slightly above expectations; other stats a bit weak

Gain of +428,000 non-farm payroll jobs, vs. expected gain of 400K
Unemployment unchanged at 3.6% (vs expected drop of 0.1)
U6 unemployment rose to 7.0%, up by 0.1
Labor force participation 62.2%, down by 0.2
Average hourly earnings up 0.3%, below expected 0.4%; 5.5% increase over the year

February jobs revised down by -36K to +714K
March jobs revised down by -3K to +428K