#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
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
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
IN my IRA, STO October 21, 240 put at 2.75
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
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 ?
#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
STO 4080/4100-4180/4200 iron condor for expiration today at 1.50
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
Options Bistro 