Stocks

Tiny buys: Adding to positions at new lows
NEM at $41.80 Div = 5.21%
VZ at $42.48 Div = 6.00%
#SP500 #FallingKnife

SPX 5-dte

#SPX5dte Sold to close HALF of my position: $SPX Sept 1st 4090/4110 call spreads for 1.75. This adds on to the sale of put spreads yesterday for 17.85.

#spx1dte

#smallbuy BOT RYLD @20.02 div…

#smallbuy
BOT RYLD @20.02
div 12.35%

NVDA TQQQ

#CoveredCalls – On the road all week but managed a few fills today.

NVDA: Covered.

Bought to Close NVDA SEP 2 2022 175.0 Calls @ .05 (sold for 10.60)
Bought to Close NVDA SEP 2 2022 175.0 Calls @ .07 (sold for 11.15)

Sold NVDA SEP 9 2022 170.0 Calls @ 1.84

TQQQ: Covered.

Bought to Close TQQQ SEP 2 2022 34.5 Calls @ .02 ( sold for .63 and 1.05)

Sold TQQQ SEP 16 2022 31.5 Calls @ .95

SPX 1 DTE

#spx1dte
$SPX STO 8/31 3860/3880 – 4070/4090 at .95

SPX trades

#SPX5dte Sold to close $SPX Sept 1st 4080/4060 put spreads for 17.85. Condors bought for 17.80 last Friday. So I’m breakeven now, holding calls until tomorrow in case we have any spike up in the morning.

#SPX1dte Sold to OPEN Aug 31st 3865/3885-4055/4075 condors for 1.50, SPX at 3980, IV 26.3%, deltas -.05 +.07

TSLA

STO TSLA Oct21’22 200 PUT @4.00

TQQQ,

BTO September 9, 29/24 bear put spread at 1.65, I am looking at the 5 day EMA and the 8 Day EMA which is below the 21 day EMA and the TQQQ is below the 50 day MA so I think we could test the recent low around 23.

#smallbuy BOT GLOPpC @25.07 div…

#smallbuy
BOT GLOPpC @25.07
div 8.48%

SLV VXX SOXL Puts

Set up two new diagonal spreads on SLV:
Bought SLV Oct 07 2022 15.0 Puts at $0.07
Sold SLV Sep 02 2022 17.0 Puts at $0.13 for a $0.06 Credit for the first week
Bought SLV Oct 21 2022 15.0 Puts at $0.14
Sold SLV Sep 02 2022 17.0 Puts at $0.20 for a $0.06 Credit for the first week.

Sold SOXL Sep 02 2022 13.0 Diagonal Puts at $0.36

Not sure how this one filled but I’ll take it:
Sold VXX Sep 02 2022 18.5 Diagonal Puts at $0.09

New Diagonal:
Bought VXX Mar 17 2023 9.0 Puts at $0.23
Sold VXX Sep 02 2022 19.5 Puts at $0.31 for $0.08 Credit for the first week.
Long DTE = 199
Short DTE = 3
#VXXContango

#OnlySpreads

SPX1-dte

#SPX1dte Expired: $SPX Aug 29th 3925/3945-4145/4165 condors, sold Friday for 1.20.

No trade for Tuesday as I will be on a flight.

NVDA

#CoveredCalls – Selling part of the next round a little early.

Sold NVDA SEP 16 2022 175.0 Calls @ 2.65

TQQQ,

BTC October 7, 35 call at 1.24 that I sold on Friday at 2.05

Stocks

Accumulating very slowly with tiny trades some high yielding #SP500 and #DJIA stocks at their lows
VNO at $26.91 Div = 7.83%
WBA at $35.75 Div = 5.33%
MMM at $125.40 Div = 4.61%
BXP at $80.19 Div = 4.80%
INTC at $32.85 Div = 4.37%
#FallingKnife

BBBY Calls

Sold 1 BBBY Sep 02 2022 16.0 Diagonal Call at $0.80 then …
Sold 1 BBBY Sep 02 2022 18.5 Diagonal Call at $0.53 then …
Sold 1 BBBY Sep 02 2022 19.0 Diagonal Call at $0.56
Crazy high premiums with the stock at $11.79 offsetting my 1 short BBBY short 13.0 Put.
#OnlySpreads

VXX Puts

Sold VXX Sep 02 2022 20.0 Put at $0.80
Sold VXX Sep 02 2022 19.5 Puts at $0.40 and $0.45
Sold VXX Sep 02 2022 19.0 Puts at $0.15 and $0.18
Replacing similar puts that were covered or expired Friday.

New Diagonal:
Bought VXX Jun 16 2023 7.0 Puts / Sold VXX Sep 02 2022 19.5 Puts at $0.10 Credit for the first week.
Long DTE = 291
Short DTE = 4
#VXXContango

SPY,

STO October 7, 435 call at 1.22 so I have a strangle of 350 and 435 at 3.04

#smallbuy BOT NSpC @24.90 Div…

#smallbuy
BOT NSpC @24.90
Div 9%
BOT PBT @17.51
Div 12.99%
BOT GOF @16.99
Div 12.84%

SPY,

STO October 7, 350 put at 1.82

No Warning, actually

#VIXindicator Turned out I made an error on Friday… wasn’t watching the numbers closely enough, but there was no Downside Warning. Despite the big drop, the $VIX action wasn’t as strong as you might expect and fell short of the 27.23 close required to fire the Warning. That level is still in effect today as a closing trigger.

SPX trades

#SPX5dte Bought right before the bell: $SPX Sept 1 4060/4080-4090/4110 condors for 17.80.

#SPX1dte Sold right after the bell: $SPX Aug 29th 3925/3945-4145/4165 condors for 1.20, SPX close 4057, IV 17%, deltas -.06 +.06

OptionsExpiration

Rolled quite a bit more than I had too, but a good week anyway.

Shorts Expiring:
LABU 15/12 Bear Call Spreads
LABU 10.5 Covered Calls
SLV 15/17 Bull Put spreads
TNA 47.0 Diagonal calls
TQQQ 45/38 Bear Call Spreads
TQQQ 34.5 Diagonal Calls
VXX 19.5 Diagonal Puts — #VXXContango

Assignments:
Called out of another 100 shares of TQQQ when the Aug 26 2022 27.0 Covered call was exercised Thursday night. With the Call premium, I’m out of the stock at $36.43

Stocks

The Dow index is down 1000 points today
Back to buying tiny bits of good yielding #SP500 stocks at their lows:
SWK at $90.60
VFC at $41.35
GRMN at $92.30
WBA at $36.13
VNO at $27.15
BXP at $81.80
#FallingKnife

SOXL Puts

Bought to close SOXL Aug 26 2022 15.0 Diagonal Puts at $0.01 . Sold on Monday at $0.14.
Replaced them with SOXL Sep 02 2022 13.0 Puts at $0.12 for an $0.11 Credit.
#DoubleDip #OnlySpreads

#shortputs #spy Sto 2 SEP…

#shortputs
#spy
Sto 2 SEP 2022 392 PUT @1.22

TQQQ Puts

I was way too early rolling my calls but who knew TQQQ would go down 10% in a day.
Rolling the puts down while I can get a good credit for next week.

Bought to close TQQQ Aug 26 2022 30.0 Diagonal Puts at $0.02. Sold on Monday at $0.20 and at $0.33.
Replaced them with TQQQ Sep 02 2022 27.0 Puts at $0.31 for a $0.29 Credit
#DoubleDip #OnlySpreads

#shortputs #tesla Btc 26 AUG…

#shortputs
#tesla
Btc 26 AUG 2022 286.67 PUT @.05 /sold for 1.18/for 1 day/out before close.

UVXY Calls

I was way too early rolling my puts but who knew UVXY would go up 13% in a day.
Rolling the calls up while I can get good credits for next week.

Bought to close UVXY Aug 26 2022 11.0 Diagonal Calls at $0.02. Sold on Monday at $0.26.
Replaced them with UVXY Sep 02 2022 12.5 Calls at $0.14 for a $0.12 Credit
Bought to close UVXY Aug 26 2022 11.5 Diagonal Calls at $0.01. Sold on Monday at $0.19.
Replaced them with UVXY Sep 02 2022 13.0 Calls at $0.11 for a $0.10 Credit
#DoubleDip #OnlySpreads

SPY

#ShortPuts – One more this afternoon.

Sold SPY OCT 7 2022 385.0 Put @ 5.15

#following

SPX 1-dte stopped

#SPXdte Put side stopped, bought to close $SPX Aug 26th 4080/4060 put spreads for 1.05. Condors sold for 1.70 yesterday.

LABU Calls Rolled

Rolled LABU Aug 26 2022 9.0 Covered Calls to next week for $0.24 Credit

Letting LABU 10.5 and 12.0 short calls expire

TNA Calls Out and Up

Rolled out my deep in the money covered calls laterally for small credits
Rolled some of my diagonal calls up a bit for next week.
Rolled TNA 41.5 calls to 42.0 calls at $0.02 Credit
Rolled TNA 42.0 calls to 42.5 calls at $0.02 Credit
Rolled TNA 43.0 calls to 43.5 calls at $0.02 Credit

Waiting for TNA 47.0 calls to expire

TQQQ,

STO October 7, 35 call at 2.05, I think we go lower.

SPX 5-dte

#SPX5dte After weeks of success I screwed up pretty badly today on this long condor. After missing the chance to exit on the big swings during Powell’s speech, I felt the action was bullish so wanted to exit the put spreads first. I did for 4.00 as it started down, but then it dropped WAY down. Now it looks like no bounce will come, or at least not one big enough to make the 4165/4185 call side profitable enough.

My recent strategy has been going well, using #SPX1dte as a base and then throwing in a long condor about once per week. However, I’m wary that the long strategy is inherently more risky. The best bet is to try to exit before expiration day, and indeed, today is the first week in awhile where I waited for expiration day. I did that because the week was pretty flat, giving me no obvious swings with which to exit.

During Powell’s speech, when we dropped, I set an order to sell the put spreads at 8.00. We had just hit about 8.50 so was trying to pick a bottom. Turns out I did pick it, but set my order a few seconds too late as the bounce began. Then we bounced way up and could have exited for 13.00 or more. That would have ended my day. But alas, now I’m pretty much screwed.

I don’t like relying on a strategy that is that fragile. The loss I’ll take today, as much as 13.75, is made up by the last few weeks of profit on this 5-dte trade, but it is a shame that my overall progress takes a big step back. So what I’ve determined is that I need to take a loss on the day before expiration if the SPX is still near the center of my condor. Typically, that would result in a 1.00 to 3.00 loss, which is completely acceptable. Going into expiration day could mean a big win, but only if you play the swings exactly right. So that risk of big loss is too great to risk.

More VXX Puts

Bought to close VXX Aug 26 2022 19.5 Diagonal Puts at $0.01 (partial fill)
Leaves long VXX Nov 18 2022 11.0 Puts fully paid for.
Rolled down short VXX Aug 26 2022 20.5 Puts to VXX Sep 02 2022 20.0 Puts at $0.01 Credit
Rolled down short VXX Aug 26 2022 20.0 Puts to VXX Sep 02 2022 19.0 Puts at $0.01 Credit
#VXXContango

UVXY Put Rolldown

Bought to close UVXY Aug 26 2022 9.5 Puts at $0.23. Sold on a roll last week at $1.04
Sold UVXY Sep 02 2022 9.0 Puts at $0.25 for a $0.02 Credit and a $0.50 lower strike.

Also bought to close UVXY Aug 26 2022 9.0 Puts at $0.01.
Leaves UVXY Dec 16 2022 4.0 Puts fully paid for.
#UVXYContango

NVDA TQQQ

#ShortPuts #CoveredCalls – A few today.

NVDA: Got both sides rolled at decent prices on the fluctuations.Out the rest of the day so won’t be able to watch much.

Rolled NVDA AUG 26 2022 170.0 Calls to SEP 2 2022 175.0 Calls @ .30 debit (11.15 total now)
Rolled NVDA AUG 26 2022 170.0 Calls to SEP 2 2022 175.0 Calls @ .35 debit (10.60 total now)

Rolled NVDA AUG 26 2022 182.5 Put to SEP 2 2022 182.5 Put @ 2.35 credit (8.95 total now)
Rolled NVDA AUG 26 2022 185.0 Put to SEP 2 2022 185.0 Put @ 1.75 credit (10.85 total now)

TQQQ: Assigned on 39 and 40 strike puts. Adding covered calls and rolling the rest.

Rolled TQQQ AUG 26 2022 33.0 Calls to SEP 2 2022 34.5 Calls @ .02 credit (.65 total now)
Sold TQQQ SEP 2 2022 34.5 Calls @ 1.05

Rolled TQQQ AUG 26 2022 38.0 Puts to SEP 2 2022 38.0 Puts @ .25 credit (2.50 total now)
Rolled TQQQ AUG 26 2022 41.0 Puts to SEP 2 2022 41.0 Puts @ .04 credit (3.68 total now)

TQQQ Calls Out and Up

Rolled out most of my deep in the money covered calls laterally for small credits
Rolled some of my diagonal calls up a bit for next week.
Rolled TQQQ 31.0 calls to 31.5 calls at $0.02 Credit
Rolled TQQQ 33.0 calls to 34.0 calls at $0.08 Credit

Waiting for TQQQ 34.5 and 38.0 calls to expire

VXX Puts

Bought to close VXX Aug 26 2022 19.0 Diagonal Puts at $0.01.
Leaves my long VXX Oct 21 2022 11.0 Puts fully paid for and available to write against again.
At least one of my #VXXContango trades worked this week.

UVXY Spread

Bought to open UVXY Dec 16 2022 4.0 Puts at $0.10
Sold to Open UVXY Aug 26 2022 9.0 Puts at $0.14 for a $0.04 Credit for the first week.
Long DTE = 113
Short DTE = 1
#UVXYContango

SPX 1-dte

#SPX1dte Sold to Open $SPX Aug 26th 4060/4080-4280/4300 condors for 1.70, SPX at 4189, IV 29.3%, deltas -.06 +.06

Expiring: Aug 25th 4060/4080-4205/4220 condors, sold yesterday for 1.50.

#smallbuy #zm BOT ZIM @47.99

#smallbuy
#zim
BOT ZIM @47.99

#zm

#shortputs #tesla sto 26 AUG…

#shortputs
#tesla
sto 26 AUG 2022 286.67 PUT @1.18
1 day

More VXX Puts

Bought VXX Oct 21 2022 11.0 Puts / Sold VXX Aug 26 2022 19.0 Puts at $0.02 Credit for the first week.
Long DTE = 57
Short DTE = 1
Bought VXX Nov 18 2022 11.0 Puts / Sold VXX Aug 26 2022 19.5 Puts at $0.08 Credit for the first week.
Long DTE = 85
Short DTE = 1
#VXXContango

#rolling #SOXL rolled /2 SEP…

#rolling
#SOXL
rolled /2 SEP 22/26 AUG 2022 20 PUT @.47 credit
ROLLED/ 2 SEP 22/26 AUG 2022 20.5 PUT @.41 CREDIT

TNA Calls Rolled up

Rolled some of my TNA Diagonal calls up 1.5 points by going out to next week:
Bought to close TNA Aug 26 2022 45.0 Calls at $2.59. Sold these last week at $5.58 on a small $0.50 rollup.
Replaced them with TNA Sep 02 2022 46.5 Calls at $2.87 for a $0.28 Credit.

GOOGL Put Roll

#shortputs
$GOOGL BTC 8/26 117 put and STO 9/2 116 put at .10 added credit and $1 less if assigned

SPX trades

#SPX1dte One of these days I’m gonna pick the RIGHT day to go long. Today wasn’t it. So I’m selling a 1-hour-50-minute condor to recoup some loss: Sold to Open $SPX Aug 24th 4100/4120-4165/4185 condors for .90, with SPX at 4139.

#smallbuy #ZIM BOT ZIM @49.32…

#smallbuy
#ZIM
BOT ZIM @49.32
ex div Friday $4.75

SPX 1-dte

#SPX1dte Such a quiet day after two stormy ones… I decided to go LONG on tomorrow’s as I can’t imagine two days like this in a row.

Bought to open $SPX Aug 24th 4030/4050-4200/4220 condors for 1.25. Deltas -.05 +.05

Expired: Aug 23rd 4040/4060-4210/4230 condors, sold yesterday for 1.30

VZ VFC

Tiny Buys:
Added to my position in VZ at $43.50 (at it’s 52-week low)
Div = 5.80%
Added to my position in VFC at $43.07 (at it’s 52-week low)
Div = 4.60%
#SP500 #FallingKnife

KOLD Call

Sold 1 Sep 16 2022 20.00 Covered Call at $0.25.
Covered a portion of my long stock.
Nat Gas futures ( /NG on ThinkorSwim) may have topped out at $10 over the last 2 days

MSFT,

IN my IRA, STO October 21, 240 put at 2.75

VXX Puts

New Diagonal Spreads
Bought VXX Oct 21 2022 11.0 Puts at $0.05
Sold VXX Aug 26 2022 20.50 Puts at $0.20 for a $0.15 Credit for the first week
Long DTE = 59
Short DTE = 3
Bought VXX Oct 21 2022 12.0 Put at $0.08 and $0.11
Sold VXX Aug 26 2022 20.50 Put at $0.23 and $0.26 for a $0.15 Credit for the first week
Long DTE = 59
Short DTE = 3
#VXXContango

NFLX

Netflix Is Now The Worst-Performing Stock In The S&P 500 As Shares Plunge Over 60% In 2022
https://www.forbes.com/sites/sergeiklebnikov/2022/08/22/netflix-is-now-the-worst-performing-stock-in-sp-500-as-shares-plunges-over-60-in-2022/?sh=3f3959767ac7

Actually today, based on Finviz Screener
MRNA, PYPL and MTCH are a bit lower compared to their 52-week highs than NFLX.
All are down 68%-69%
At least NFLX bounced 38% above it’s 52-week low.
Can you say #FallingKnife ?

NVDA TLT

#CoveredCalls – A few.

NVDA: A possibly too aggressive roll down for earnings.

Rolled NVDA AUG 26 2022 182.5 Calls to AUG 26 2022 170.0 Calls @ 4.75 credit (10.95 total now)
Rolled NVDA AUG 26 2022 185.0 Calls to AUG 26 2022 170.0 Calls @ 5.35 credit (11.45 total now)

TLT: Covered.

Bought to Close TLT AUG 26 2022 116.5 Calls @ .09 (sold for .63)
Sold TLT SEP 16 2022 116.0 Calls @ 1.09 and 1.12

SPX,

STO 4080/4100-4180/4200 iron condor for expiration today at 1.50

VXX Puts

Adding on:
Sold VXX Aug 26 2022 20.5 Diagonal Puts at $0.13, $0.15 and $0.19
Sold VXX Aug 26 2022 20.0 Diagonal Puts at $0.07 and $0.09
Replacing similar puts that expired Friday
#VXXContango

Upside Warning canceled

#VIXindicator If $VIX closes at 24.45 or higher it will be Downside Warning.

VXX Puts

VXX should be going up but it isn’t
Sold VXX Aug 26 2022 20.5 Puts at $0.11 against existing long puts
#VXXContango

SPX trades

#SPX5dte Bought to open $SPX Aug 26th 4135/4155-4165/4185 condors for 17.75, SPX at 4143.

Will add 1-dte trade to comments when I sell in a couple hours.

#spx1dte

TSLA

#ShortPuts – Sold TSLA SEP 16 2022 675.0 Put @ 3.75

VIX vs UVXY vs VXX

VIX index up 13%
UVXY up 6%
VXX up 0.27%
And this is why VXX is broken

INTC VFC

I’ve spent almost all of August #RaisingCash in non-option IRA accounts. Today’s tiny buys:
Added to my INTC position at $34.37 (at it’s 52-week low)
Div = 4.13%
Added to my VFC position at $43.07 (at it’s 52-week low)
Div = 4.64%
#SP500 #FallingKnife

TQQQ SOXL SLV UVXY

On the initial downdraft this morning
TQQQ
Rolled some of my TQQQ Covered calls up a point by going out an extra week:
Bought to close TQQQ Aug 26 2022 32.0 Calls at $2.03. Just sold these on Friday at $5.75 on a lateral roll.
Replaced them with TQQQ Sep 02 2022 33.0 Covered Calls at $2.05 for a $0.02 Credit.
Also sold some TQQQ diagonal put spreads to pair up with a whole bunch of Diagonal Call spreads already short:
Bought TQQQ Sep 09 2022 23.0 Puts / Sold TQQQ Aug 26 2022 30.0 Puts at $0.02 Credit
Bought TQQQ Sep 16 2022 23.0 Puts / Sold TQQQ Aug 26 2022 30.0 Puts at $0.02 Credit
#OnlySpreads

SOXL
Sold some SOXL Aug 26 2022 15.0 Puts at $0.14 against existing long September Puts. #DoubleDip

SLV
Sold some SLV Aug 26 2022 17.0 Puts at $0.09 against existing long September Puts. #DoubleDip

UVXY
Sold some UVXY diagonal Call spreads to pair up with a whole bunch of Diagonal Put spreads already short:
Bought UVXY Sep 23 2022 20.0 Calls / Sold UVXY Aug 26 2022 11.0 Puts at $0.02 Credit. #OnlySpreads

Adjusting TTD

With the stock at 62.92 resetting strikes, rolling Sep 16 $TTD 75/65 inverted strangle to Sep 16 60/67 strangle @ 10.48 debit.

Previous trades:
Original (8/9): STO 45/65 strangle as an earnings trade @ 4.11
8/10: Rolled 45 puts up to 65 @ 3.20 credit
8/11: Rolled 65 puts up to 75 @ 3.70 credit
8/16: Added 80/85 bear call spread @ 1.21 credit

#tiny buy BOT NSpC @24.99…

#tiny buy
BOT NSpC @24.99
div 9%
——-
BOT DJIA @23.31
div 7.83%

SPX stopped – Upside Warning ending?

#SPX1dte Bought to close $SPX Aug 22nd 4150/4130 put spreads for 3.40. Condors sold for 1.45 on Friday.

#VIXindicator Thus far the $SPX peaked at 4325 on the 16th, a 4.3% rise from the start of the Upside Warning on the 5th. It would take an intraday $VIX peak of 24.45 today to cancel the UpW.

#small buy Bot ryld @…

#small buy
Bot ryld @ 21.16
div 11.82%
—–
Bot twopa
div 8.61%

RTX Call Roll / GOOGL Put Roll

#coveredcalls
$RTX BTC 8/19 96 call at .02 and STO 8/26 94 call at .92

#shortputs
$GOOGL BTC 8/19 118.5 put at 1.32 and STO 8/26 117 put at 1.65. Added credit of .33 and $1.50 less if assigned

SPX trades

#SPX1dte Sold to Open $SPX Aug 22nd 4130/4150-4295/4315 condors for 1.45.

Week-end results:
#SPX1dte: 2 wins, 2 losses, +1.70
#SPX5dte: 1 win, +3.10

TOTAL +4.80

OptionsExpiration

I rolled out some position too soon, but at least it was a better week than last week

Short options expiring:
BBBY 39/26 Bear Call Spread
BBBY 41/27Bear Call Spread
BBBY 43/28 Bear Call Spread
BBBY 45/31 Bear Call Spread
LABU 15/11.5 Bear Call Spreads
SLV 15/17.5 Bull Put Spreads
SLV 17.5 Diagonal Puts
SOXL 7/18.5 Bull Put Spreads
TLRY 6.0 and 6.5 Covered Calls
UVXY 8.5 Diagonal Puts — #UVXYContango
VXX 17/20.5 Bull Put Spreads
VXX 17/20 Bull Put Spreads
VXX 16/19.5 Bull Put Spreads
VXX 16/19 Bull Put Spread
VXX 15/19 Bull Put Spreads

Assignments:
A whole bunch of Pre-split KOLD Puts from 12 down to 4.
Some covered just 5 shares, some covered 25 Shares
I’ll figure the net cost next week and start writing covered calls on the even lots.

BBBY

Yesterday’s early morning scalp mostly failed but I’m stubborn …
Rolled the 15.0 Put out to a 14.0 put for next week at $0.03 Credit. Luckily it was only 1 contract.
On the good side, 4 BBBY Bear call spreads are expiring

XOP,

Since Buffett likes OXY, he must like oil so,
STO October 21, 100 put at 1.03 with the ETF trading at $142

SMH,

STO November 18, 200 put at 5.05