The VIX index is down 8.4% today
Bought to close VXX Jul 15 2022 21.5 Diagonal Puts at $0.01.
Sold last week at $0.34 and $0.37.
#VXXContango
Monthly Archives: July 2022
TQQQ Covered Call Ladder Rolled up
Bought to close 1 TQQQ Jul 15 2022 25.0 Covered Call / Sold to Open 1 TQQQ Jul 22 2022 25.5 Call at $0.24 Credit
Bought to close TQQQ Jul 15 2022 25.5 Covered Calls / Sold to Open TQQQ Jul 22 2022 26.5 Calls at $0.13 Credit
Bought to close 1 TQQQ Jul 15 2022 26.0 Covered Call / Sold to Open 1 TQQQ Jul 22 2022 27.0 Call at $0.36 Credit
Bought to close TQQQ Jul 15 2022 26.0 Covered Calls / Sold to Open TQQQ Jul 22 2022 27.5 Calls at $0.13 Credit
Still keeping a bit of downside protection
New VXX Diagonal Puts
Bought to open VXX Jan 20 2023 10.0 Puts at $0.21
Sold to Open VXX Jul 22 2022 21.0 Puts at $0.25 for a $0.04 Credit for the first week
Long DTE = 189
Short DTE = 7
Bought to open VXX Mar 17 2023 8.0 Puts at $0.21
Sold to Open VXX Jul 22 2022 21.0 Puts at $0.26 for a $0.05 Credit for the first week
Long DTE = 245
Short DTE = 7
#shortputs Btc 15 JUL 2022…
#shortputs
Btc 15 JUL 2022 372 PUT @.05 sto 1.25
done for the day.
LABU Calls rolled up
Rolled my LABU 8.0 Covered and Diagonal Calls up to next week’s 8.5 Calls at $0.05 and $0.15 Credits
Rolled my LABU Jul 15 2022 8.5 Calls to LABU Jul 22 2022 9.0 Calls at $0.24 Credit
Hoping my LABU 9.0 Calls expire
SLV Puts rolled
Rolled my SLV 17.5 puts to next week for $0.12 Credit.
Waiting to see if my SLV short 17.0 puts expire this afternoon
SPX trades
#SPX5dte Of course the first time I try this in months I’m at risk of a bad loss. Decided to sell the put side as action yesterday and overnight was bullish. But then news spiked futures higher and ended up chasing.
Sold to close $SPX 3810/3790 put spreads for 5.40. Condors bought for 17.85 on Tuesday.
Now watching the call side.
SLV craters
Adding diagonals way too soon:
Bought SLV Aug 19 2022 15.0 Puts at $0.15
Bought SLV Aug 26 2022 15.0 Puts at $0.18
Sold SLV Jul 15 2022 17.0 Puts at $0.26 against both these buys
I may have to roll the short puts tomorrow
VXX Calls
Starting in on next week’s calls
Sold VXX Jul 22 2022 26.0 Calls at $0.20
KOLD Call
Bought to close 1 KOLD 07/15/2022 36.0 Covered Call at $0.05
Sold at $2.60
Sold a one day scalp: 1 KOLD July 15 2022 30.0 Covered Call at $0.20
#DoubleDip
#creditspread QQQ Btc QQQ 22…
#creditspread
QQQ
Btc QQQ 22 JUL 2022 303/305 CALL @.10/sto .39
Stocks
A day for adding:
C at $44.11 Div = 4.48%
DOW at $48.66 Div = 5.63%
BXP at $84.86 Div = 4.52%
JPM at $106.13 Div = 3.57%
FITB at $32.24 Div = 3.63%
KEY at $16.50 Div = 4.59%
SPX 1-dte
#SPX1dte In pre-market, sold to open $SPX July 14th 3660/3680-3840/3860 condors for 1.15, IV 44.7%, deltas -.05 +.05
SPY
#ShortPuts – Will be out rest of the week so trying to get most of my SPY to Monday.
Rolled SPY JUL 13 2022 390.0 Put to JUL 18 2022 390.0 Put @ .60 credit (12.30 total now)
KOLD Diagonal Put
Bought to open 1 KOLD Nov 18 2022 6.0 Put / Sold to Open 1 KOLD Aug 19 2022 14.0 Put at $0.44 Credit
Long DTE = 128
Short DTE = 37
KOLD low of the year = 16.56, Current price = 24.67
TNA Calls
Sold TNA Jul 15 2022 35.5 Covered Calls at $0.48
Added some spreads:
Bought TNA Aug 05 2022 43.0 Calls / Sold to Open TNA Jul 15 2022 35.5 Calls at $0.03 Credit
Bought TNA Aug 12 2022 45.0 Calls / Sold to Open TNA Jul 15 2022 35.5 Calls at $0.04 Credit
SPY
#CoveredCalls – A few.
Bought to Close SPY JUL 13 2022 390.0 Call @ .02 (sold for 2.65)
Bought to Close SPY JUL 13 2022 390.0 Calls @ .02 (sold for 3.00)
Sold SPY JUL 18 2022 385.0 Calls @ 1.50
Sold SPY JUL 18 2022 382.0 Call @ 2.33
VXX SOXL LABU at the open
Sold 1 VXX Jul 15 2022 23.5 Call at $0.38
Sold VXX Jul 15 2022 24.0 Calls at $0.23 and $0.28
Sold VXX Jul 15 2022 24.5 Calls at $0.21
Sold VXX Jul 15 2022 25.0 Calls at $0.16
Sold SOXL Jul 15 2022 11.0 Puts at $0.18, replacing similar Puts that expired Friday
Sold LABU Jul 15 2022 9.0 Calls at $0.62 and $0.70, balancing out the short puts I sold yesterday
SPX 1-dte
#SPX1dte Playing the swings in pre-market: Sold to Open $SPX July 13th 3690/3670 put spreads for 1.50.
Looking to sell call spread on a bounce.
VXX and LABU
Sold 1 VXX Jul 15 2022 23.5 Call at $0.35
Sold 1 VXX Jul 15 2022 24.0 Call at $0.27
Sold 1 LABU Jul 15 2022 7.5 Put at $0.25
Sold LABU Jul 15 2022 7.0 Puts at $0.15
Sold LABU Jul 15 2022 6.5 Puts at $0.10
#shortputs SPY STO 13 JUL…
#shortputs
SPY
STO 13 JUL 2022 376 PUT @1.22
Right at end of day bell.
SPX trades
#SPX5dte Bought to Open $SPX July 15th 3790/3810-3820/3840 condors for 17.85. SPX at 3814, expiry IV 32.1%
First time I have tried this in awhile after being forced to abandon it late last years after a string of losses. I first developed this trade in the high volatility of spring 2020. Lately we have been seeing fairly sharp swings over 4-5 day periods, and since I’m able to get this below 18.00 I’m taking a shot. Will likely wait for expiration, but may exit early if move is large before then.
#SPX1dte Expecting this morning’s trade to expire worthless.
ARKK
#CoveredCalls – Bought to Close ARKK JUL 15 2022 50.0 Calls @ .05 (sold for 1.10)
SPX 1-dte
#SPX1dte In pre-market, sold to open $SPX July 12th 3760/3780-3905/3925 condors for 1.30, IV 35.6%, deltas -.06 +.06
LABU Puts
I’m overloaded on the call side so balancing out the short positions a bit
Sold LABU Jul 15 2022 7.5 Puts at $0.14
Sold 1 LABU Jul 15 2022 7.0 Put at $0.10
QYLD
#BullPutSpreads – Taking a low risk shot at a possible small bounce through end of year. I’ll take the stock if needed.
Sold QYLD FEB 17 2023 20.0/18.0 Bull Put Spreads @ 1.80
VXX Calls
Sold VXX Jul 15 2022 23.5 Calls at $0.27 and $0.34
Sold VXX Jul 15 2022 24.0 Calls at $0.27
Sold VXX Jul 15 2022 24.5 Calls at $0.19
Replacing similar Calls that expired Friday and paired with this week’s 21.0 and 21.5 short puts
SOXL Puts
Last week’s diagonal worked out so trying a new one
Bought SOXL Aug 19 2022 7.0 Puts / Sold to Open SOXL Jul 15 2022 11.5 Puts at $0.02 Credit for the first week.
I still need to sell new puts against last week’s leftover long Puts
SLV Puts
Selling this week’s puts while extending my long put expiration
Bought to Open SLV Sep 16 2022 15.0 Puts / Sold to Open SLV Jul 15 2022 17.5 Puts at $0.03 and 0.04 Credits
Also sold SLV Jul 15 2022 17.5 Puts at $0.20 and $0.21 against the long puts from last week’s Diagonal spreads to replace the Jul 08 2022 17.5 puts the expired Friday
#DoubleDip
SPX 1-dte
#SPX1dte In pre-market, sold to open $SPX July 11th 3785/3805-3940/3960 condors for 1.40, IV 38.65%, deltas -.06 +.06
OptionsExpiration
I also had a pretty good day
Expired:
SLV 17.5 Diagonal Puts
SOXL 11.0 Diagonal Puts
TNA 36.5/38.5 Covered Calls
TNA 36.5 Diagonal Call
TNA 37.0 Diagonal Calls
TNA 37.5 Diagonal Call
TNA 38.0 Diagonal Calls
TNA 38.5 Diagonal Call
TQQQ 45/28 Bear Call Spreads
TQQQ 29.0 Diagonal Calls
VXX 39/25.5 Bear Call Spreads
VXX 38/25 Bear Call Spread
VXX 37/24.5 Bear Call Spreads
VXX 36/24 Bear Call Spreads
VXX 35/23.5 Bear Call Spreads
VXX 21.5 Diagonal Puts — #VXXContango
AMZN SOXL SPY
#ShortPuts #CoveredCalls – A pretty good day.
AMZN: Taking these off a little early.
Bought to Close AMZN JUL 15 2022 105.0 Put @ .25 (sold for 3.15)
Bought to Close AMZN JUL 15 2022 115.0 Put @ 1.90 (sold for 3.40)
SOXL: Covered.
Bought to Close SOXL JUL 15 2022 18.0 Calls @ .03 (sold for .55)
SPY:
Taking gains.
Bought to Close SPY JUL 8 2022 380.0 Put @ .05 (sold for 7.25)
Bought to Close SPY JUL 8 2022 382.5 Put @ .05 (sold for 6.10)
Bought to Close SPY JUL 8 2022 385.0 Put @ .05 (sold for 6.30)
Bought to Close SPY JUL 8 2022 386.0 Put @ .05 (sold for 5.50)
Bought to Close SPY JUL 15 2022 370.0 Put @ .59 (sold for 5.11)
New positions.
Sold SPY JUL 18 2022 385.0 Put @ 3.80
Sold SPY JUL 18 2022 388.0 Put @ 5.25
Sold SPY JUL 18 2022 388.0 Put @ 4.45
Sold SPY JUL 22 2022 382.0 Put @ 4.20
Sold SPY AUG 12 2022 375.0 Put @ 6.41
Setting up a covered straddle.
Rolled SPY JUL 8 2022 387.5 Call to JUL 13 2022 390.0 Call @ 1.05 credit (2.65 total now)
Rolled SPY JUL 8 2022 390.0 Put to JUL 13 2022 390.0 Put @ 2.80 credit (11.70 total now)
Collecting a little more premium on covered stock.
Rolled SPY JUL 8 2022 380.0 Calls to JUL 18 2022 380.0 Calls @ 2.30 credit (11.10 total now)
Rolled SPY JUL 8 2022 387.0 Call to JUL 13 2022 390.0 Call @ 1.40 credit (3.00 total now)
VXX Puts
Covered some of my overly large VXX Jul 08 2022 Put position at $ 0.07. Sold these at $0.185 average
Rolled some more VXX Jul 08 2022 22.0 Puts down to VXX Jul 15 21.5 Puts at $ 0.20 Credit while lowering the strike price a half point.
The rolled some more VXX Jul 08 2022 22.0 Puts down to VXX Jul 15 21.0 Puts at $ 0.02 Credit while lowering the strike price a full point.
#VXXContango
MSCI Stock
Sold my tiny position in MSCI at $438.66, near it’s 1-month high
Bought on 05/09 at $379.85 and got $1.04/sh divvy while I waited
#FormerFallingKnife
TNA Call Rolled
Bought to close 1 TNA Jul 08 2022 35.5 Call / Sold to Open 1 TNA Jul 15 2022 37.0 Call at $0.31 Credit
TQQQ Call Ladder rolled up a bit
Bought to close 1 TQQQ Jul 08 2022 24.5 Call / Sold to Open 1 TQQQ Jul 15 2022 25.0 Call at $0.05 Credit
Bought to Close TQQQ Jul 08 2022 25.0 Calls / Sold to Open TQQQ Jul 15 2022 25.5 Calls at $0.11 Credit
Bought to close 1 TQQQ Jul 08 2022 25.5 Call / Sold to Open 1 TQQQ Jul 15 2022 26.0 Call at $0.35 Credit
Bought to Close TQQQ Jul 08 2022 26.0 Calls / Sold to Open TQQQ Jul 15 2022 27.0 Calls at $.022 Credit
Still keeping some downside protection
#longcalls SLV BTO SLV 19…
#longcalls
SLV
BTO SLV 19 AUG 2022 20 CALL @.13
June Jobs report
#Jobs — Above expectations
Gain of +372,000 non-farm payroll jobs, vs. expected gain of 250K
Unemployment unchanged at 3.6%, as expected
U6 unemployment 6.7%, down by 0.4
Labor force participation 62.2%, down by 0.1
Average hourly earnings up 0.3%; 5.1% increase over the year
May jobs revised down to +384K
April jobs revised down to +368K
SPX 1-dte
#SPX1dte In pre-market, sold to open $SPX July 8th 3790/3810-3955/3975 condors for 1.25, IV 38.9%, deltas -.05 +.06
JKS,
STO August 19, 65 put at 3.73
QQQ,
STO August 5, 320/330-210/220 iron condor at .96cents
SPX 1-dte
#SPX1dte In pre-market, sold to open July 7th 3765/3785-3920/3940 condors for 1.50, IV 37.7%, deltas -.06 +.06
NVDA
#CoveredCalls – A few today.
Bought to Close NVDA JUL 8 2022 167.5 Calls @ .05 (sold for .90)
Sold NVDA JUL 15 2022 162.5 Calls @ 1.60
Sold NVDA JUL 15 2022 165.0 Calls @ 1.16
VXX Diagonal Puts – right at the bell
Bought to open VXX Sep 15 2022 15.0 Puts at $0.19
Sold to Open VXX Jul 08 2022 22.0 Puts at $0.22 for a $0.03 Credit for the first week.
Long DTE = 72
Short DTE = 2
Bought to Open VXX Dec 16 2022 10.0 Puts at $0.20
Sold to Open VXX Jul 08 2022 22.0 Puts at $0.22 for a $0.02 Credit for the first week.
Long DTE = 163
Short DTE = 2
#VXXContango
#coveredcalls SOXL STO 17 FEB…
#coveredcalls
SOXL
STO 17 FEB 2023 18 CALL @2.21
#bearcallspreads QQQ STO 22 JUL…
#bearcallspreads
QQQ
STO 22 JUL 2022 303/305 CALL @.39
TNA Calls
Sold TNA Jul 08 2022 38.0 Calls at $0.22 and $0.25
Sold 1 TNA Jul 08 2022 38.5 Call at $0.17
All my long TNA calls are now written against
SPX 1-dte
#SPX1dte Sold to Open $SPX July 6th 3730/3750-3905/3925 condors for 1.60, IV 44.7%, deltas -.06 +.06
LABU Diagonal calls
Set up a new LABU spread
Bought LABU 07/22/2022 11.0 Calls / Sold LABU 07/08/2022 8.5 Calls at $0.15 Credit
TNA Covered Calls
Sold 1 TNA Jul 08 2022 36.5 Call at $0.34
Sold 1 TNA Jul 08 2022 36.0 Call at $0.42
TQQQ
Starting in on the diagonal Calls
Sold TQQQ Jul 08 2022 27.0 Calls at $0.27, $0.32, $0.35, $0.39 and $0.44
Sold TQQQ Jul 08 2022 27.5 Calls at $0.20, $0.22, $0.24, $0.27 and $0.31
Sold TQQQ Jul 08 2022 28.0 Calls at $0.13, $0.15 and $0.19
QQQ,
STO 310/320-210/220 August 19, iron condor at 1.81
TQQQ Covered Call Ladder
Covered call ladder for this week:
Sold TQQQ Jul 08 2022 27.0 Covered Call at $0.29
Sold TQQQ Jul 08 2022 26.5 Covered Call at $0.37
Sold TQQQ Jul 08 2022 26.0 Covered Call at $0.50
Sold TQQQ Jul 08 2022 25.5 Covered Calls at $0.64 & $0.66
Sold TQQQ Jul 08 2022 25.0 Covered Calls at $0.85 & $0.90
Sold 1 TQQQ Jul 08 2022 24.5 Covered Call at 1.09
LABU Calls
Sold LABU Jul 08 2022 8.5 Diagonal Calls at $0.35
Replacing strike 8.0 Calls that expired last Friday.
#coveredcalls SOXL STO 20 JAN…
#coveredcalls
SOXL
STO 20 JAN 2023 12 CALL @1.80
SLV Diagonal Puts
Bought SLV Aug 12 2022 15.0 Put / Sold to Open SLV Jul 08 2022 17.5 Put at $0.08 Net Credit for the first week.
Bought SLV Aug 19 2022 15.0 Puts / Sold to Open SLV Jul 08 2022 17.5 Puts at $0.07 Net Credit for the first week.
SLV is near it’s 52-week low
VXX Call Ladder
Sold 1 VXX 07/08/2022 25.5 Call at $0.15
Sold VXX 07/08/2022 25.0 Calls at $0.20 and $0.23
Sold VXX 07/08/2022 24.5 Calls at $0.18, $0.24 and $0.28
Replacing similar calls that expired Friday and paired off with this week’s 21.5 and 22.0 short puts
SOXL Diagonal Puts
Trying out my strategy on a new stock. Haven’t been in this one before.
Bought to open SOXL Jul 29 2022 8.0 Puts at $0.52
Sold to Open SOXL Jul 08 2022 11.0 Puts at $0.73 for a $0.21 Credit for the first week.
TXN Stock
Added a tiny bit of TXN at 145.50. Div = 3.1%
#SP500 #FallingKnife
SPX 1-dte
#SPX1dte In pre-market, sold to Open $SPX July 5th 3690/3710-3870/3890 condors for 1.45, IV 44.4%, deltas -.06 + .06
OptionsExpiration
LABU 8.0 Diagonal Calls
LABU 3/6.5 Bull Put Spread
LABU 3/6 Bull Put Spread
TNA 37/37.5 Covered Calls
TNA 55/37 Bear Call Spread
TNA 55/38.5 Bear Call Spread
TNA 55/39.5 Bear Call Spread
TNA 39.5 Diagonal Calls
TNA 40.0 Diagonal Calls
TQQQ 29.5/30.5/31.5/32 Covered Calls
TQQQ 43/29.5 Bear Call Spreads
TQQQ 29.5 Diagonal Calls
TQQQ 30.5 Diagonal Calls
VXX 37/23.5 Bear Call Spreads
VXX 36/23.5 Bear Call spreads
VXX 35/24 Bear Call Spreads
VXX 34/24 Bear Call Spreads
VXX 24.5 Diagonal Calls
VXX 25.0 Diagonal Calls
VXX 22.0 Diagonal Puts — #VXXContango
VXX Diagonal Puts
Bought to open VXX Aug 19 2022 17.0 Puts at $0.17
Sold to Open VXX Jul 08 2022 22.0 Puts at $0.20 for a $0.03 Credit for the first week.
Long DTE = 49
Short DTE = 7
Bought to Open VXX Oct 21 2022 12.0 Puts at $0.15
Sold to Open VXX Jul 08 2022 22.0 Puts at $0.22 for a $0.07 Credit for the first week.
Long DTE = 112
Short DTE = 7
#VXXContango
SPY SVXY TLT
#ShortPuts #CoveredCalls – Taking some profits and moving the buying power over to additional SPY positions.
Sold SPY JUL 15 2022 370.0 Put @ 5.11
Sold SPY AUG 5 2022 360.0 Put @ 6.45
Sold SVXY covered stock @ 46.77 (basis 45.15)
Bought to Close SVXY JUL 15 2022 48.0 Put @ 1.20 (sold for 2.50)
Bought to Close TLT JUL 15 2022 115.0 Put @ 1.50 (sold for 3.10)
Bought to Close TLT JUL 15 2022 116.0 Put @ 1.97 (sold for 2.90)
Bought to Close TLT JUL 15 2022 117.0 Put @ 2.55 (sold for 3.20)
Bought to Close TLT JUL 15 2022 118.0 Put @ 3.20 (sold for 3.70)
DOW HBAN
Adding to 2 high yielders at new lows
DOW at $50.00 – Div 5.43%
HBAN at $11.72 – Div 5.15%
#SP500 #FallingKnife
VXX Puts
For next week
Sold VXX Jul 08 2022 22.0 Puts at $0.16, $0.17, $0.18 and $0.19.
Sold against long Aug 16.0 Puts leftover from earlier #VXXContango spreads
LABU Calls Rolled up
Bought to close LABU Jul 01 2022 7.50 Covered Calls at $0.03. Sold on a rollup last week at $0.74
Sold to open LABU Jul 08 2022 8.0 Covered Calls at $0.22 plus a $0.50 bump in the short strike.
Bought to close LABU Jul 01 2022 7.50 Diagonal Calls at $0.05. Sold on last week at $0.52 average price
Sold to open LABU Jul 08 2022 8.0 Diagonal Calls at $0.25 plus a $0.50 bump in the short strike.
The long hedge is now paid for so playing with the house’s money
TLT XBI
#CoveredCalls – Both of these perking up a little so rolling out and up.
TLT: Rolling these to above breakeven since the bottom half of my ladder (to average down) may not get exercised in July.
Rolled TLT JUL 15 2022 114.0 Calls to AUG 19 2022 117.0 Calls @ .12 credit
XBI: Chart looking more bullish so going out and up with these.
Rolled XBI JUL 15 2022 70.5 Calls to AUG 19 2022 74.0 Calls @ .20 credit
Rolled XBI JUL 15 2022 71.0 Calls to AUG 19 2022 74.0 Calls @ .42 credit
SPY
#ShortPuts #CoveredCalls – Small opening bounce so doing these early.
SPY: More premium collection.
Calls:
Bought to Close SPY JUL 1 2022 387.0 Calls @ .05 (sold for 2.11)
Bought to Close SPY JUL 1 2022 387.5 Call @ .05 (sold for 2.35)
Sold SPY JUL 8 2022 387.0 Calls @ 1.33
Sold SPY JUL 8 2022 387.5 Call @ 1.62
Rolled SPY JUL 1 2022 380.0 Calls to JUL 8 2022 380.0 Calls @ 3.30 credit (8.80 total now)
Rolled SPY JUL 8 2022 390.0 Call to JUL 8 2022 387.0 Call @ .50 credit (2.20 toal now)
Puts:
Rolled SPY JUL 1 2022 380.0 Put to JUL 8 2022 380.0 Put @ 3.25 credit (7.25 total now)
Rolled SPY JUL 1 2022 382.5 Put to JUL 8 2022 382.5 Put @ 2.75 credit (6.10 total now)
Rolled SPY JUL 1 2022 385.0 Put to JUL 8 2022 385.0 Put @ 2.05 credit (6.30 total now)
Rolled SPY JUL 1 2022 387.5 Put to JUL 8 2022 386.0 Put @ .05 credit (5.50 total now)
Rolled SPY JUL 1 2022 390.0 Put to JUL 8 2022 390.0 Put @ 1.00 credit (8.90 total now)
VXX Calls rolled
Bought to close part of my overly large VXX Jul 01 2022 23.5 Calls at $0.06 and $0.05.
Sold on 06/28 at $0.15.
Letting the rest ride for the moment.
Replaced some of the calls with new Jul 08 Calls
Sold to Open 1 VXX Jul 08 2022 25.5 Call at $0.18 and $0.20
Sold to Open 1 VXX Jul 08 2022 25.0 Call at $0.24
Sold to Open 1 VXX Jul 08 2022 24.5 Call at $0.32
SPX 1-dte
#SPX1dte In pre-market, Sold to Open July 1st 3685/3705-3860/3880 condors for 1.40, IV 44.7%, deltas -.06 +.06
Jobs next week
Sorry about the head fake, jobs report is next Friday
Options Bistro 