Added a tiny bit of FDX at $172.00 after it closed at $204.87 at 4:00. Lowest since August 2020.
Couldn’t resist 🙂
#SP500 #FallingKnife
Daily Archives: Thursday, September 15, 2022
SPX trades
#SPX5dte Bought to Open $SPX Sept 20th 3895/3915-3925/3945 condors for 17.65, with SPX at 3919.
NFLX put spread
I’m liking this strong move in a weak tape with the stock more than recovering from Tuesday’s market bloodbath.
Sold to open $NFLX Oct 21 200/190 bull put spread @ 1.80. Short puts 19 delta.
LABU Call Rollup
Rolled up just a portion of my LABU 09/16/2022 10.0 Calls to the LABU 09/23/2022 10.5 Calls for a $0.20 Credit
Originally sold this weeks’ calls at $0.65
ADBE
#ShortPuts – Sold ADBE OCT 21 2022 280.0 Put @ 5.10
Might turn it into a Jade Lizard at some point. This will replace my TSLA or ISRG positions going away tomorrow.
ADBE – a true falling knife
Glad I exited my small ADBE position in May at $427.14.
Not biting here at $310.00 as it pays no divvy but might work as an options trade
Just sayin’
INTC STX WBA WU Stock
Added a tiny bit of INTC at a new low of $29.00. Div = 5.06%
Added a tiny bit of STX at a new low of $62.37. Div = 4.42% (ex-div on 09/20)
Added a tiny bit of WBA at a new low of $33.96. Div = 5.52%
Added a tiny bit of WU at a new low of $13.94. Div = 6.59%
#SP500 #FallingKnife
VXX Calls and Put Rolldowns
Moving on to next week:
Sold VXX Sep 23 2022 20.5 Diagonal Calls at $0.17, $0.18, $0.19 and $0.21
I’m letting this week’s 20.5 Calls expire (along with my 17.5 and 18.0 short Puts)
Bought to close VXX Sep 16 2022 20.0 Puts at $1.02. Sold last Friday on a roll at $2.20
Sold to Open VXX Sep 23 2022 19.5 Puts at $1.04 for a $0.02 Credit and dropped the short strike by $0.50
Bought to close VXX Sep 16 2022 19.5 Puts at $0.45. Sold last Friday on a roll at $1.38
Sold to Open VXX Sep 23 2022 19.0 Puts at $0.63 for a $0.18 Credit and dropped the short strike by $0.50
Gives me 19.5/20.5 and 19.0/20.5 short strangles for next week.
#VXXContango #OnlySpreads
TLT
#ShortPuts – Rolled TLT SEP 16 2022 110.0 Put to SEP 23 2022 110.0 Put @ .40 credit (3.35 total now)
UVXY Puts closed
Bought to close half of my position in UVXY Sep 16 2022 9.0 Puts at $0.01. Sold on Monday at $0.31.
I’ll let the other half expire
#ReleasingMargin #UVXYContango
SOXL
#LongLeaps – Sitting on an underwater stock position. 2025 LEAPS available now so adding and selling weeklies against.
Bought to Open SOXL JAN 17 2025 10.0 Calls @ 8.00
Bought to Open SOXL JAN 17 2025 15.0 Calls @ 6.75
Sold SOXL SEP 23 2022 15.0 Calls @ .17
Options Bistro 