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.
Daily Archives: Monday, May 23, 2022
SPX 1-dte
#SPX1dte Sold to Open $SPX May 24th 3840/3860-4060/4080 condors for 1.75, SPX at 3971, IV 31.3%, deltas -.05 +.06
AMZN falling knife
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.
VXX Puts
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
VXX Puts
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
SPY XBI
#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
FLT Stock
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
SPX
#spxcampaign
STO 6 JUN 2202 4220/4225 CALL @.35
SPX risk off
#SPX1dte Bought to close $SPX 3750/3730 put spreads for .10. Condors sold Friday for 1.50.
TNA Covered Call Ladder
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
EA Stock
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
Options Bistro 