Added tiny bits of the foll0wing on the opening plunge:
BXP at $89.10 (Div 4.26%)
DFS at $90.00 (Div 2.53%)
EMN at $90.00 (Div 3.20%)
MCHP at $59.72 (Div 1.79%)
MDT at $87.00 (Div 3.04%)
MMM at $132.00 (Div 4.44%)
TEL at $115.91 (Div 1.86%)
TT at $121.93 (Div 2.10%)
USB at $45.00 (Div 3.97%)
WBA at $39.23 (Div 4.69%)
#SP500 #FallingKnife
Monthly Archives: June 2022
SPY and QQQ
Added back some SPY at $369.00 & $367.38 and some QQQ at $273.24 & $272.48
#FallingKnife
SPX stopped
#SPX1dte Bought to close $SPX June 16th 3645/3625 put spreads for 3.70. Condors sold yesterday for 1.60.
XBI
STO ITM XBI Jan20’23 70 PUT @11.45
SPX trades
#SPX1dte Sorry I have been unable to post but got back some ground after various losses wiped away gains and left me flat over the last month.
Yesterday, sold to open $SPX June 15th 3560/3580-3885/3905 condors for 1.65.
Today, after Fed announcement, sold two vertical same-days: 3870/3890 calls, 3650/3630 puts, for 1.35 each, 2.70 total.
All looking to expire so a gain of 4.35 today.
VXX Puts
At 2:00 sold some more VXX Jun 17 2022 23.0 Puts at $0.29
VXX Calls
Getting close to the FED announcement
Sold more VXX Jun 17 2022 26.5 Calls at $0.34 and $0.35.
TNA Covered Calls
Sold TNA Jun 17 2022 42.0 Covered Calls at $0.12
VXX Puts and Calls
Sold VXX Jun 17 2022 23.0 Puts at $0.18, $0.20 and $0.24
Sold against long puts in 2023 and 2024 and also against a bunch of leftover long puts from old spreads expiring this week
Also added some short VXX Jun 17 2022 26.5 Calls at $0.27 & $0.35 and VXX 27.0 Calls at $0.26
These strikes are above Monday’s end of day peak in VXX of $26.29 when the VIX index hit 35
WAITING ON THE FED
Late day stocks
Bought a tiny bit of AES at $18.84 (Div 3.26%)
Bought a tiny bit of BAX at $67.99 (Div 1.62%)
Bought a tiny bit of FRT at $95.00 (Div 4.42%)
Bought a tiny bit of NTRS at $93.96 (Div 2.84%)
Bought a tiny bit of VNO at $29.00 (Div 7.25%)
AMZN
#ShortPuts – Adding for hopefully a long term position.
Sold AMZN JUL 15 2022 95.0 Put @ 3.00
KOLD Call
Sold 1 KOLD Jun 17 2022 32.0 Covered Call at $0.86.
Expires Friday
VXX Puts
New #VXXContango Spread
Bought to Open VXX Jan 20 2023 8.0 Puts at $0.20
Sold to Open VXX Jun 17 2022 23.5 Puts at $0.24 for a $0.04 Credit
Long DTE = 220
Short DTE = 3
Many possible re-writes in the future
ARKK NFLX NVDA SOXL SPY XBI
#CoveredCalls – A few.
Sold ARKK JUL 15 2022 44.0 Calls @ 1.05
Sold NFLX JUN 24 2022 185.0 Call @ 2.50
Bought to Close NVDA JUN 17 2022 200.0 Calls @ .07 (sold for 6.10)
Sold NVDA JUN 24 2022 170.0 Call @ 3.00
Sold NVDA JUN 24 2022 170.0 Calls @ 2.80
Sold SOXL JUN 24 2022 19.0 Calls @ .53
Sold SPY JUN 24 2022 385.0 Call @ 4.40
Bought to Close XBI JUN 17 2022 74.0 Calls @ .07
Sold XBI JUN 24 2022 68.0 Calls @ 1.06
Sold XBI JUN 24 2022 67.5 Calls @ 1.20
Late day stocks
Bought a tiny bit of PEAK at $24.35 (Div 4.68%)
Bought a tiny bit of BAC at $31.83 (Div 2.53%)
Bought a tiny bit of CARR at $36.32 (Div 1.61%)
Bought a tiny bit of NWSA at $15.83 (Div 1.21%)
VXX Calls
Sold these during several waves down in the market which pushed the VIX up to 35(and VXX up to 26), adding to earlier sells
Sold 1 VXX Jun 17 2022 29.5 Call at $0.50
Sold VXX Jun 17 2022 29.0 Calls at $0.55 and $0.56
Sold VXX Jun 17 2022 28.5 Calls at $0.46 and $0.53
I have now written against all my long calls and I still have more short puts than short calls
No trade today
Not only is the market a mess, but I’m traveling tomorrow so cannot monitor.
#SPX1dte
ARKK NFLX NVDA SPY TQQQ
#CoveredCalls – Catching up from Friday also.
Bought to Close ARKK JUN 17 2022 50.0 Calls @ .02 (sold for .70)
Sold NFLX Jun 17 2022 192.5 Call @ 2.50
Bought to Close NVDA Jun 10 2022 190.0 Call @ .01 (sold for 3.20)
Rolled SPY JUN 17 2022 400.0 Call to SPY JUN 17 2022 390.0 Call @ 1.75 credit (6.75 total now)
Rolled SPY JUN 17 2022 410.0 Call to SPY JUN 17 2022 390.0 Call @ 2.40 credit (6.50 total now)
Rolled SPY JUN 17 2022 400.0 Call to SPY JUN 24 2022 385.0 Call @ 4.50 credit (9.70 total now)
Rolled TQQQ JUN 17 2022 35.0 Calls to TQQQ JUN 17 2022 28.0 Calls @ .31 credit (1.70 total now)
Stocks
Checked into #DJIA stocks just to see what the list was for #FallingKnife candidates
Disney
Intel
Goldman Sachs
American Express
3M
Boeing
and last but not least, Microsoft.
All new lows today
VXX Calls
Sold VXX Jun 17 2022 27.0 Call at $0.66
Sold VXX Jun 17 2022 27.5 Call at $0.57
Sold VXX Jun 17 2022 28.0 Call at $0.44
Pairing these off against a lot of short puts for this week.
No additional margin
SPY and other stocks
Bought a tiny bit of BEN at $23.19 (Div 4.72%)
Bought a tiny bit of INTC at $38.38 (Div 3.73%) – a new 3 year low
Bought a tiny bit of STT at $63.04 (Div 3.50%)
Bought a tiny bit of SWK at $106.80 (Div 2.87%)
Bought a tiny of TROW at $110.61 (Div 4.18%)
Bought a tiny bit of VNO at $30.00 (Div 6.87%)
Bought back some SPY at $379.58 that I sold at $412.86 0n 5/27
Bought some QQQ at $279.66.
Several #SP500 stocks I am watching are exceeding their March 2020 Covid lows, like INTC above.
#FallingKnife
T2108
Around 16.50, 15 minutes after the open.
SPX stopped
#SPX1dte Stopping in the early hours before open to avoid any further down-drift before it gets expensive.
Bought to close $SPX June 13th 3770/3750 put spreads for 3.90. Condors sold for 1.30 on Friday.
#optionsexpiration labu 4.5 put
#optionsexpiration
labu
4.5 put
DIS and WBD Stocks
I’ve been avoiding non-dividend paying stocks lately, but I did average down two existing positions today.
Bought a tiny bit of DIS at $99.47
Bought a tiny bit of WBD at $15.17
#SP500 #FallingKnife
OptionsExpiration
Another light week. Didn’t have to roll much, and the Calls I rolled up yesterday and most of the VXX puts I rolled down would have expired today. Sigh 😦
Expired:
LABU 8.0 Covered Calls
TNA 44.0 Call
TNA 44.5 Covered Call
TNA 46.5 Covered Call
TNA 47.5 Covered Call
TNA 56/45 Bear Call Spread
TNA 56/47 Bear Call Spread
TQQQ 31.0 Covered Calls
TQQQ 33.0 Covered Calls
TQQQ 35.5 Covered Calls
VXX 37/26.5 Bear Call Spreads
VXX 36/25.5 Bear Call Spreads
VXX 35/26.5 Bear Call Spreads
VXX 35/26 Bear Call Spreads
VXX 34/25 Bear Call Spreads
VXX 21.0 Put — #VXXContango
VXX 20.5 Puts — #VXXContango
SPX 1-dte
Sold to Open $SPX 3750/3770-4015-4035 condors for 1.30, SPX at 3909, IV 22.4%, deltas -.06 +.06
Closing MRNA
Bought to close $MRNA Jun 17 150/160 bear call spread @ .24. Sold for 1.60 on 5/24.
VXX Calls
Starting in on next week’s sales
Sold VXX Jun 17 2022 26.5 Calls at $0.42 and $0.44
Sold VXX Jun 17 2022 27.0 Calls at $0.29 and $0.37
Paired with all the short puts I rolled into yesterday for next week.
SPX stopped
#SPX1dte I just knew I should have gone long last night and I didn’t do it. So tough to follow my gut when my gut can often be wrong.
Haven’t closed it yet but I will be looking to do it at the open… almost was going to get 5 wins this week, but the struggle continues.
LABU early assignment
My LABU 06/10/2022 8.0 Put was assigned overnight. Basis for the new stock after put premium is $6.15
VXX Call Scalps
at the close Thursday
Sold VXX Jun 10 25.0 Calls at $0.12
Sold VXX Jun 10 25.5 Calls at $0.08
1 day to expiration
VXX Puts rolled down
Bought to close VXX Jun 10 2022 22.0 Puts at $0.23. Sold on a roll last week at $0.88
Sold to Open VXX Jun 17 2022 21.0 Puts at $0.31 for a credit of $0.08 and a strike price a point lower.
Bought to close VXX Jun 10 2022 22.5 Puts at $0.45. Sold on a roll last week at $1.18
Sold to Open VXX Jun 17 2022 21.5 Puts at $0.49 for a credit of $0.04 and a strike price a point lower.
Bought to close VXX Jun 10 2022 23.5 Puts at $0.70. Sold on a roll last week at $1.87
Sold to Open VXX Jun 17 2022 22.5 Puts at $0.72 for a credit of $0.02 and a strike price a point lower
Bought to close 1 VXX Jun 10 21.0 Put at $0.01. Sold last week at $0.51
#VXXContango
SPX stopped
#SPX1dte Looks like I picked the wrong day to exit cheaply.
Bought to close $SPX June 9th 4040/4020 put spreads for 1.15. Condors sold yesterday for 1.45.
TQQQ and TNA Calls rolled up
An early roll for both, but these are the calls with the lowest strike for this week that I am short.
Bought to close TQQQ Jun 10 2022 29.0 Calls at $2.78. Sold last week on a roll at $4.77
Sold to Open TQQQ Jun 17 2022 30.0 Calls at $2.80 for a $0.02 Credit plus a point better short strike
Bought to close TNA Jun 10 2022 42.0 Calls at $2.44. Sold last week on a roll at $4.10.
Sold to Open TQQQ Jun 17 2022 44.0 Calls at $2.47 for a $0.03 Credit plus 2 points better on the short strike
SPY TLT TQQQ
#ShortPuts #CoveredCalls – A slow week with most of my positions next week. Did add a couple today though.
Sold SPY JUL 29 2022 375.0 Put @ 4.70
Sold TLT JUL 15 2022 115.0 Put @ 3.10
Rolled TQQQ JUN 17 2022 38.0 Calls to JUN 17 2022 35.0 Calls @ .55 credit (1.40 total now)
TWTR
Missed this yesterday
Sold off all my remaining TWTR at $41.28
Bought back in January at $35.00, and added after Musk’s offer at $39.00 and $37.50 on 05/16
#RaisingCash #FormerFallingKnife
MARKETS
ZZZZZZZZZZZzzzzzzzzzzzzzz………………….. again
LABU Calls
Sold LABU 8.0 Covered Calls at $0.05.
#optionsexpiration SOXL BTC 10 JUN…
#optionsexpiration
SOXL
BTC 10 JUN 2022 25 CALL @.18 /STO .58
don’t know what Friday brings
—————-
#shortputs
SOXL
STO 10 JUN 2022 20 PUT @.11
SPX risk off
#SPX1dte I’d say it is unlikely, but this looks like one of those days that COULD just fall apart.
Bought to close $SPX June 8th 4075/4055 put spreads for .15. Condors sold yesterday for 1.55.
Stocks
Lightened up on some more tiny stock positions
Sold out of A at $130.77. Bought in April at $123.00 and again in May at $116.00.
Sold out of PPL at $30.48. Bought in February at $25.72
#RaisingCash #FormerFallingKnife
TNA Call Scalp
Sold TNA Jun 10 2022 51.0 Calls at $0.36
SPX 1-dte
#SPX1dte Sold to Open $SPX June 8th 4055/4075-4230/4250 condors for 1.55, SPX at 4160, IV 22.7%, delta -.06 +.07
#shortputs SOXL STO 10 JUN…
#shortputs
SOXL
STO 10 JUN 2022 20.5 PUT @.25
#shortputs Labu sto 4.50 put…
#shortputs
Labu
sto 4.50 put June 19@ .05
late yesterday
SPX 1-dte
#SPX1dte Sold to Open $SPX June 7th 4005/4030-4200/4225 condors for 1.60, SPX at 4119, IV 24.7%, deltas -.05 +.06. ***25-pt wide wings since there is no 4220 strike available.***
TQQQ Calls
Just like the TNA trades below (and it doesn’t happen often), sometimes I get to sell the long side of my old diagonal spreads at a gain.
Sold to Close TQQQ Jun 17 2022 36.0 Calls at $1.09. Bought at $0.34.
Sold to Close TQQQ Jun 17 2022 37.5 Calls at $0.70. Bought at $0.24, $0.26 and $0.37.
SPY,
Iron condor, STO July 22
360/370 put-460/470call spreads at 1.15
VXX Puts
A new #VXXContango spread
Bought to Open VXX Jan 20 2023 6.0 Puts at $0.07
Sold to open VXX Jun 10 2022 20.5 Puts at $0.15 for a $0.08 Credit.
Short DTE = 4
Long DTE = 228
SPX stopped
#SPX1dte Bought to close $SPX June 6th 4200/4220 call spreads for 1.30. Condors sold for 1.55 on Friday.
TNA Calls
It doesn’t happen often, but sometimes I can sell the long side of my old diagonal spreads at a gain.
Sold to Close 1 TNA Jun 17 2022 50.0 Call at $1.28. Bought at $0.46.
Sold to Close 2 TNA Jun 17 2022 49.0 Calls at $1.60. Bought at $0.63 and $0.76.
Sold to Close 1 TNA Jun 17 2022 47.0 Call at $2.53. Bought at $0.96.
Also sold 1 TNA Jun 10 2022 47.50 Covered Call at $1.15.
AMZN
#ShortPuts – Starter just to watch.
Sold AMZN JUL 15 2022 115.0 Put @ 3.40
#optionsexpiration labu, 4.5 put/ jun…
labu, 4.5 put/ jun 3
soxl ,20 and 21 put/jun 3
OptionsExpiration
Another small list this week. Lots of rolls to next week for more cash in the account.
Expired:
LABU 4.5 Puts
TNA 58/45.5 Bear Call Spread
TQQQ 52/35.5 Bear Call Spreads
TQQQ 50/35 Bear Call Spread
TQQQ 45/34.5 Bear Call Spreads
VXX 46/25.5 Bear Call Spread
VXX 40/25.5 Bear Call Spreads
VXX 35/25 Bear Call Spread
VXX 25.0 Calls
VXX 20/21 Bull put Spreads
VXX 21.0 Puts — #VXXContango
NFLX SPY
#ShortPuts – A few.
Bought to Close NFLX JUN 3 2022 195.0 Put @ .45 (sold for 5.75)
Sold NFLX JUN 10 2022 202.5 Put @ 7.25
Adding:
Sold SPY JUL 22 2022 380.0 Put @ 5.20
#onlyspreads buy back for scratch….
#onlyspreads
buy back for scratch.
#spxcampaign
btc 6 JUN 2022 4220/4225 CALL @.35 CBOE
TNA and TQQQ Calls – Last rolls
Bought to close 1 TQQQ Jun 03 2022 32.0 Call at $0.23. Sold at $1.81
Sold to Open 1 TQQQ Jun 10 2022 35.5 Call at $0.40 for a Net Credit of $0.17.
Bought to Close 1 TNA Jun 03 2022 44.5 Call at $0.43. Sold at $2.01
Sold to Open 1 TNA Jun 10 2022 47.0 Call at $1.05 for a Net Credit of $0.62
SPX risk off
#SPX1dte Bought to close $SPX June 3rd 4060/4040 put spreads for .15. Condors sold yesterday for 1.45.
TQQQ Covered Calls Closed
Covered some more short calls for this week.
Bought to Close TQQQ Jun 03 2022 34.50 Calls at $0.01. Sold on last week at $0.65 and $0.98.
Some new calls for next week:
Sold TQQQ Jun 10 2022 35.50 Covered Calls at $0.46, $0.47. $0.48 and $0.49.
Thia strike is slightly above all recent trading in TQQQ
VXX Strangle
Sold VXX 06/10/2022 20.5 Puts at $0.23 and Sold VXX 06/10/2022 26.5 Calls at $0.21 for a total strangle premium of $0.44
LABU Puts Rolled
Bought to close 1 LABU 06/03/2022 7.0 Put at $0.89. Sold last week on a roll at $1.15
Sold to open 1 LABU 06/10/2022 7.0 Put at $1.07 for a $0.18 Credit
Bought to close 1 LABU 06/03/2022 8.0 Put at $1.78. Sold last week on a roll at $1.96
Sold to open 1 LABU 06/10/2022 8.0 Put at $1.85 for a $0.07 Credit
TQQQ Call Closed
Bought to Close TQQQ Jun 03 2022 36 Call at $0.01. Sold on Wednesday at $0.52
Job gains better than expected…
Details —->
Click the photo.
Next market event: The Fed’s decision on interest rates on Wednesday, June 15th.
TNA and TQQQ Calls Rolled
Bought to close 1 TNA Jun 03 2022 44.5 Call/ Sold to Open 1 TNA Jun 10 2022 46.5 Call at $0.29 Credit plus 2 points on the short strike.
Bought to Close 1 TNA Jun 03 2022 43.5 Call/ Sold to Open 1 TNA Jun 10 2022 45.0 Call at $0.46 Credit plus 1.5 points on the short strike
Bought to close 1 TNA Jun 03 2022 43.0 Call / Sold to Open 1 TNA Jun 10 2022 44.0 Call at $0.39 Credit plus 1 point on the short strike
Bought to close TNA Jun 03 2022 41.0 Calls / Sold to Open TNA Jun 10 2022 42.0 Calls at $0.02 Credit plus a point on the short strike
Bought to close TQQQ Jun 03 2022 32.0 Calls/ Sold to Open TQQQ Jun 10 2022 33.0 Calls at $.46 Credit plus 1 point on the short strike
Bought to close TQQQ Jun 03 2022 29.0 Calls/ Sold to Open TQQQ Jun 10 2022 29.0 Calls at $.25 and $0.31 Credit
ARKK NVDA XBI
#ShortPuts #CoveredCalls – A few of each.
Sold ARKK JUN 17 2022 50.0 Calls @ .70
Rolled NVDA JUN 17 2022 175.0 Put to NVDA JUN 17 2022 190.0 Put @ 5.50 credit (18.35 total now)
Bought to Close XBI JUN 3 2022 72.5 Calls @ .05 ( sold for .80)
Sold XBI JUN 17 2022 74.0 Calls @ .70
VXX Puts
Starting on sales for next week a bit early.
Sold 1 VXX Jun 10 2022 21.0 Put at $0.51
Sold 1 VXX Jun 10 2022 20.5 Put at $0.31
#VXXContango
TRMB stock
Dumping another non-dividend paying stock.
Sold out of my TRMB at 70.14. Bought back on Feb 11 at $66.18
#RaisingCash
#FormerFallingKnife
SPX 1-dte
#SPX1dte Sold to Open $SPX June 3rd 4040/4060-4250/4270 condors for 1.45, SPX at 4172, IV 27.4%, deltas -.06 +.06
Expiring: June 2nd 3995/4015-4190/4210 condors, sold yesterday for 1.60.
VXX Puts
More rolldowns
Bought to close VXX Jun 03 2022 22.5 Puts at $0.64. Sold last week on a rolldown at $0.72.
Sold to Open VXX Jun 10 2022 22.0 Puts at $0.88 for a $0.24 Credit and a $0.50 lower strike.
Bought to close VXX Jun 03 2022 23.0 Puts at $1.02. Sold last week on a rolldown at $1.06.
Sold to Open VXX Jun 10 2022 22.5 Puts at $1.18 for a $0.12 Credit and a $0.50 lower strike.
I only have short VXX Jun 03 2022 21.0 Puts left and I believe they will expire tomorrow
#VXXContango
TPR Stock
It went Ex-div today so taking a gain on another lot.
Sold TPR at $35.06. Bought 5/11 at $27.23
Edit: dumped my remaining TPR at $35.16. Bought on 3/7 at $32.00
BLK Stock
Sold a tiny bit of BLK at $676.50. Bought on 4/25 at $660.00.
I’m keeping the lot I bought at $620.00 for the $4.40 dividend (goes ex-div tomorrow)
#RaisingCash
#FormerFallingKnife
VXX Put Rolldown
Bought to close VXX Jun 03 2022 24.0 Puts / Sold to Open VXX Jun 10 2022 23.5 Puts $0.02 Credit while lowering the strike price $0.50
#VXXContango
TQQQ Covered Call Rollups
Bought to close TQQQ Jun 03 2022 30.0 Calls / Sold to Open TQQQ Jun 10 2022 31.0 Calls at $0.07 Net Credit
SPX 1-dte
#SPX1dte Sold to Open $SPX June 2nd 3995/4015-4190/4210 condors for 1.575, SPX at 4104, IV 26.2%, deltas -.06 +.06
Expired: June 1st 4030/4050-4240/4260 condors, sold yesterday for 1.55.
Options Bistro 