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
Daily Archives: Friday, May 27, 2022
OptionsExpiration.
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
VXX Puts
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
SVXY
#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)
SPX 1-dte… switching to LONG
#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
TLT
#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)
ARKK NFLX NVDA SOXL SPY TLT TQQQ XBI
#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
SPY and QQQ
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
VXX Put Rolldowns and a rollout
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
LABU Put rollout and TNA and TQQQ Call rollouts
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.
Stocks – Tiny trades
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
SPX already stopped
#SPX1dte Bought to close $SPX May 27th 4135/4155 call spreads for 3.00. Condors sold yesterday for 1.45.
TQQQ,
BTC June 17, 80 call at .01, sold at 1.09
Options Bistro 