Tiny buys at new lows
LYB at $75.81 Div = 6.17%
VFC at $39.39 Div = 5.02%
#SP500 #FallingKnife
Monthly Archives: September 2022
VXX Puts
New Diagonal spreads on the open. Replacing VXX long puts that expired Friday
The short side went in the money almost immediately, but it may not stay there, and I can roll the shorts weekly for more cash if necessary.
Bought to Open VXX Nov 18 2022 12.0 Puts at $0.18
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.31 at $0.13 Credit
Long DTE = 60
Short DTE = 4
Bought to Open VXX Dec 16 2022 12.0 Puts at $0.36
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.44 at $0.08 Credit
Long DTE = 88
Short DTE = 4
Bought to Open VXX Jan 20 2023 12.0 Puts at $0.41
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.44 at $0.03 Credit
Long DTE = 123
Short DTE = 4
Bought to Open VXX Mar 17 2023 8.0 Puts at $0.38
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.40 at $0.02 Credit
Long DTE = 179
Short DTE = 4
Bought to Open VXX Jun 16 2023 6.0 Puts at $0.32
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.34 at $0.02 Credit
Long DTE = 270
Short DTE = 4
#VXXContango
TQQQ
#CoveredCalls – Stop set on this week’s and adding next week.
Sold TQQQ SEP 30 2022 27.0 Calls @ .73
#smallbuy Buy CLM @9.11 Buy…
#smallbuy
Buy CLM @9.11
Buy DJIA @21.12
Buy XRMI @21.66
Buy XYLD @39.91
#dividends
KOLD SLV SOXL TNA Ladders
Replacing positions that expired Friday 🙂
Sold SOXL Sep 23 2022 10.5 Puts at $0.37
Sold SOXL Sep 23 2022 10.0 Puts at $0.25
Sold SOXL Sep 23 2022 9.5 Puts at $0.17
Sold TNA Sep 23 2022 40.0 Covered Call at $0.67
Sold TNA Sep 23 2022 40.5 Covered Call at $0.52
Sold TNA Sep 23 2022 41.0 Covered Call at $0.44
Sold TNA Sep 23 2022 41.5 Diagonal Call at $0.34
Sold TNA Sep 23 2022 42.0 Diagonal Calls at $0.27
Sold TNA Sep 23 2022 42.5 Diagonal Calls at $0.22
Sold KOLD Oct 21 2022 22.0 Covered Call at $0.95
Sold KOLD Oct 21 2022 23.0 Covered Call at $0.85
Sold KOLD Oct 21 2022 24.0 Covered Call at $0.70
Sold SLV Sep 23 2022 17.0 Puts at $0.08
Sold SLV Sep 23 2022 17.5 Puts at $0.20
SPY
#CoveredCalls #ShortCalls – A couple.
Rolled SPY SEP 23 2022 397.0 Call to SEP 23 2022 390.0 Call @ 1.75 credit (6.20 total now)
Sold SPY SEP 23 2022 390.0 Call @ 2.90
VIX vs. VXX
Another day where VXX is broken
Near the open VIX up 5%, VXX down over 6%
Sold VXX Sep 23 2022 16.5 Puts at $0.06
Sold VXX Sep 23 2022 17.0 Puts at $0.11 $0.13 and $0.15
Sold VXX Sep 23 2022 17.5 Puts at $0.21, $0.24, $0.27 and $0.30
Sold VXX Sep 23 2022 18.0 Puts at $0.41 , $0.45, $0.49 and $0.62
#VXXContango
#jepq #smallbuy buy @44.34
SPX 1-dte
#SPX1dte Sold to Open $SPX Sept 19th 3740/3760-3965/3985 for 1.55. Sold 42 minutes before close, when SPX was at 3865, deltas -.06 +.05. SPX closed 8 points higher at 3873, so deltas ended trading at -.04 +.05
OptionsExpiration
A big monthly expiration. A lot of old long Puts in VXX rolled off, but I was able to write against them one last time and recover the original cost yet again (more in fact) #VXXContango .
A big expiration in TNA and TQQQ (with the market really weak two of the last three weeks). Every short position in TNA expired(including the puts).
I will go into next week with almost no short options except short strangles in VXX and a few puts in SOXL and TQQQ.
==Expired==
LABU 10.0 Covered Calls
LABU 10.0 Diagonal Calls
LABU 15/10.5 Bear Call Spreads
SLV 15/17.5 Bull Put Spreads
SOXL 10/11.0 Bull Put Spreads
SOXL 11.5 Diagonal Puts
TNA 40.0 Diagonal Calls
TNA 41.0 Diagonal Calls
TNA 42.5 Diagonal Call
TNA 43.0 Diagonal Call
TNA 44.0 Diagonal Call
TNA 44.0 and 45.0 Covered Calls
TNA 60/48 Bear Call Spread
TNA 59/47 Bear Call Spread
TNA 58/46 Bear Call Spread
TNA 56/44 Bear Call Spreads
TNA 36.0 Diagonal Put
TNA 35.0 Diagonal Put
TNA 34.5 Diagonal Put
TQQQ 29.0 Diagonal Call
TQQQ 29.0 Covered Calls
TQQQ 30.0 Diagonal Calls
TQQQ 31.0 Diagonal Calls
TQQQ 32.0 Diagonal Calls
TQQQ 47/33 Bear Call Spread
TQQQ 46/34 Bear Call Spread
TQQQ 45/33 Bear Call Spread
TQQQ 23.0 Diagonal Puts
UVXY 18/12 Bear Call Spreads
UVXY 9.0 Diagonal Puts — #UVXYContango
UVXY 8.5 Diagonal Puts — #UVXYContango
VXX 26.5/20.5 Bear Call Spreads
VXX 26/20.5 Bear Call Spreads
VXX 25.5/20.5 Bear Call Spreads
VXX 20.5 Diagonal Calls
VXX 10/17.5 Bull Put Spreads
VXX 13/17.5 Bull Put Spreads
VXX 14/18 Bull Put Spreads
VXX 15/18 Bull Put Spreads
==Assignments==
None
TQQQ Put Rolldowns
Rolled TQQQ Sep 16 2022 25.5 Diagonal Put to TQQQ Sep 23 2022 24.0 Put at $0.13 Credit
Rolled TQQQ Sep 16 2022 25.0 Diagonal Put to TQQQ Sep 23 2022 23.0 Put at $0.21 Credit
SOXL Put Rolldowns
SOXL came all the way back to even on the day
Rolled SOXL Sep 16 2022 12.5 Diagonal Puts to SOXL Sep 23 2022 11.5 Puts at $0.02 Credit. Lowered the strike a point
Rolled SOXL Sep 16 2022 12.0 Diagonal Puts to SOXL Sep 23 2022 10.5 Puts at $0.18 Credit. Lowered the strike 1.5 points.
My SOXL 11.5 and 11.0 short puts will expire
Markets
To put today in some perspective
SPY is still 20 points above it’s YTD low of $362.17
QQQ is still 15 points above it’s YTD low of $269.28
Just saying’
ISRG
#ShortPuts – Hanging onto this one another week.
Rolled ISRG SEP 16 2022 210.0 Put to SEP 23 2022 205.0 Put @ even (3.00 total now)
SOXL Put Rolldown
Rolled SOXL Sep 16 2022 13.0 Puts to SOXL Sep 23 2022 12.5 Puts at $0.06 Credit
TSLA TLT NVDA
#JadeLizards #CoveredCalls – A few.
TSLA: Might have closed the final lizard too soon but overall nice profits on all of them.
Bought to Close TSLA SEP 16 2022 250/295/300 Jade Lizard @ 2.95 (sold for 5.65)
An extra batch sold under the Lizards:
Bought to Close TSLA SEP 16 2022 285.0 Puts @ .15 (sold for 1.15)
TLT: Another round of weekly “dividends”.
Bought to Close TLT SEP 16 2022 110.0 Calls @ .01 (sold for 2.05)
Sold TLT SEP 23 2022 109.5 Calls @ .45
NVDA: Another round.
Bought to Close NVDA SEP 16 2022 137.0 Calls @ .03 (sold for 2.05)
Sold NVDA SEP 23 2022 139.0 Calls @ 1.00
Taking profits on oversales. Maybe get a chance to re-load on a bounce.
Bought to Close NVDA SEP 23 2022 152.5 Calls @ .15 (sold for 1.65)
VXX Calls
Sold VXX Sep 23 2022 21.0 Diagonal Calls at $0.27
Sold VXX Sep 23 2022 21.5 Diagonal Calls at $0.18
#OnlySpreads
SPX stopped
#SPX1dte Bought to close $SPX Sept 16th 3800/3780 put spreads for 2.70. Condors sold yesterday for 1.30.
Another Friday stop to blunt most profit from the week. Last week was flat, but this week I netted 1.40, with 3 wins and 2 losses.
Stocks – it’s getting ugly out there
A bunch of old GTC orders filled on the open at new lows (some of them 3-year lows below the Covid lows)
#TinyBuys
AOS at $51.72 Div = 2.12%
CE at $104.74 Div = 2.54%
DOW at $45.97 Div = 5.97%
EMN at $79.00 Div = 3.74%
FDX at $160.00 Div = 2.25%
IP at $35.65 Div = 5.25%
GRMN at $86.00 Div = 3.36%
MMM at $114.58 Div = 5.12%
SWK at $84.56 Div = 3.74%
T at $16.62 Div = 6.62%
VFC at $39.75 Div = 4.93%
and a non-dividend payer:
GOOGL at $101.88
#SP500 #FallingKnife
FDX After hours
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
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
SPX trades
#SPX1dte Sold to open $SPX Sept 15th 3810/3830-4025/4045 condors for 1.35, SPX at 3941, IV 29.8%, deltas -.06 +.06
Expiring: Sept 14th 3795/3815-4025/4045 condors, sold yesterday for 1.50.
KOLD Puts rolled
Not waiting until Friday. Until yesterday, these looked like they might expire. Not so much today!!
Bought to close KOLD Sep 16 2022 13.0 Puts at $2.43. Sold last month on a rolldown at $3.50
Sold to Open KOLD Oct 21 2022 11.0 Puts at $2.45 for a $0.02 Credit but lowered the short strike 2 points
NVDA TQQQ
#CoveredCalls – Selling a new batch with a stop set on the current ones.
Sold NVDA SEP 30 2022 145.0 Calls @ 1.40
Roll down for extra credit:
Rolled NVDA SEP 16 2022 145.0 Calls to SEP 16 2022 137.0 Calls @ .60 credit (2.05 total now)
TQQQ: Another round.
Bought to Close TQQQ SEP 16 2022 31.5 Calls @ .04 (sold for .65 and .95)
Sold TQQQ SEP 23 2022 29.5 Calls @ .48
NVDA IP PARA Stock
A rare departure from my normally higher yielding #SP500 stocks
Added to my NVDA position at $129.29
Also added:
IP at $40.00 Div = 4.56%
PARA at $21.94 Div = 4.30%
#FallingKnife
#smallbuy #GLOGpA #GLOPpA buy GLOGpA…
#spy #onlyspreads btc 14 SEP…
#spy
#onlyspreads
btc 14 SEP 2022 408/412 CALL @.05 /sto.30
TNA TQQQ Put Ladder
Sold 1 TNA Sep 16 2022 34.5 Put at $0.26. The September low on TNA was 36.15 on 09/07
Replacing TNA puts that expired Friday
Sold 1 TQQQ Sep 16 2022 25.5 Put at $0.82
Sold 1 TQQQ Sep 16 2022 25.0 Put at $0.62
Sold TQQQ Sep 16 2022 23.0 Puts at $0.18
Replacing similar puts covered at a penny last Friday
#OnlySpreads
SPX trades
#SPX5dte Sold to close $SPX 3980/4000-4010/4030 condors for 18.00. Bought last week for 17.75. Tomorrow too unpredictable to hang on for more.
INTC WHR Stock
Added some INTC at $29.56. Div = 4.63%
Added some WHR Stock at $145.93 Div – 4.37%
#SP500 #FallingKnife
SOXL Ladder, SLV TNA VXX UVXY
Sold SOXL Sep 16 2022 13.0 Diagonal Puts at $0.65
Sold SOXL Sep 16 2022 12.5 Diagonal Puts at $0.46
Sold SOXL Sep 16 2022 12.0 Diagonal Puts at $0.30
Sold SOXL Sep 16 2022 11.5 Diagonal Puts at $0.22
Sold SLV Sep 16 2022 17.5 Puts at $0.10
Sold TNA Sep 16 2022 36.0 Diagonal Put at $0.24
Sold TNA Sep 16 2022 35.0 Diagonal Put at $0.22
Sold VXX Sep 16 2022 20.5 Diagonal Calls at $0.10
Sold UVXY Sep 16 2022 Diagonal 12.0 Calls at $0.11
#OnlySpreads
SPY XBI
#CoveredCalls – Good day for some in the money call rolling.
SPY: A welcome pullback for these.
Rolled SPY SEP 16 2022 395.0 Call to SEP 23 2022 397.0 Call @ .23 credit (4.40 total now)
Rolled SPY SEP 16 2022 387.0 Calls to SEP 30 2022 389.0 Calls @ .22 credit (3.70 total now)
Rolled SPY SEP 16 2022 387.0 Calls to SEP 30 2022 389.0 Calls @ .20 credit (12.85 total now)
Rolled SPY SEP 16 2022 389.0 Calls to SEP 30 2022 391.0 Calls @ .45 credit (5.70 total now)
One new add:
Sold SPY OCT 28 2022 380.0 Put @ 5.75
XBI: Same with these.
Rolled XBI SEP 16 2022 79.0 Calls to SEP 30 2022 80.0 Calls @ .06 credit
Rolled XBI SEP 16 2022 80.0 Calls to SEP 30 2022 81.0 Calls @ .36 credit
#smallbuy #ARCC sto 16 SEP…
SPX stopped
#SPX1dte Bought to close $SPX Sept 13th 3985/3970 put spreads for 3.05. Condors sold for 1.50 yesterday.
August CPI
Up 0.1% vs. expected Down 0.1%. Up 8.3% on the year, vs. +8.0% estimate.
SPX 1-dte
#SPX1dte Sold to Open $SPX Sept 13th 3970/3985-4210/4225 condors for 1.45, SPX at 4105, IV 33.8%, deltas -.06 +.06. This has 15 point wide wings since there is no 4230 available.
Expiring: Sept 12th 3965/3985-4150/4170 condors, sold Friday for 1.25
TSLA
#ShortPuts #JadeLizards – Still messing around with this one.
Selling a call spread against last remaining short put for an additional Jade Lizard.
Sold TSLA SEP 16 2022 295.0/300.0 Bear Call Spread @ 3.25 credit. (5.65 total on the lizard sale)
Closing call sides of lizards sold last week. Never got the pullback so closing now to pick up a little extra.
Bought to Close TSLA SEP 16 2022 275.0/280.0 Bear Call Spread @ 4.75 (5.30 total on the lizard sale)
Bought to Close TSLA SEP 16 2022 278.33/283.33 Bear Call Spread @ 4.65 debit (5.00 total on the lizard sale)
With a stop set on the original put sales (250 strike) adding a new batch to give Mr. Market some incentive.
Sold TSLA SEP 16 2022 285.0 Puts @ 1.15
Between 285 and 295 is the sweet spot for Friday.
Stocks
Sold some HBAN at $14.55 (at it’s 3-month high). Bought on 07/01/2022 at $11.72
Sold half of my JCI at $59.58(near it’s 3-month high). Bought on 05/09/2022 at $51.80
#RaisingCash #FormerFallingKnife
LABU TNA TQQQ UVXY VXX Ladders
Pretty much done for the week after this:
Sold LABU Sep 16 2022 10.5 Calls at $0.51 and $0.56
Sold TNA Sep 16 2022 45.0 Calls at $0.80 and $0.96
Sold TNA Sep 16 2022 46.0 Call at $0.68
Sold TNA Sep 16 2022 47.0 Call at $0.51
Sold TNA Sep 16 2022 48.0 Call at $0.35
Sold TQQQ Sep 16 2022 32.0 Calls at $0.57
Sold TQQQ Sep 16 2022 33.0 Call at $0.43
Sold TQQQ Sep 16 2022 34.0 Call at $0.27
Sold UVXY Sep 16 2022 9.0 Puts at $0.31 and $0.34
Sold UVXY Sep 16 2022 8.5 Puts at $0.12
Sold VXX Sep 16 2022 17.5 Put at $0.21
#OnlySpreads
OptionsExpiration
I had to roll more Calls than I wanted to in LABU, TNA and TQQQ. But the ones I did roll were for pretty good credits and higher strike prices. A big monthly expiration cycle next week.
Shorts Expiring:
BBBY 26/13 Bear Call Spreads
LABU 15/10 Bear Call Spreads
SLV 17.0 Diagonal Puts
SOXL 12.0 Diagonal Puts
SOXL 11.5 Diagonal Puts
TNA 55/43 Bear Call Spreads
TNA 50/42.5 Bear Call Spreads
TNA 38.5/37.5/36.5 Diagonal Puts
TQQQ 43/30 Bear Call Spreads
UVXY 12.5 Diagonal Calls
UVXY 9.0 Diagonal Puts — #UVXYContango
VXX 20.5 Diagonal Calls
Closed SPY iron fly
BTC Sep 9 406/407/408 iron butterfly @ .66. Sold for .89 earlier.
SPX 1-dte
#SPX1dte Sold to Open $SPX Sept 12th 3965/3985-4150/4170 condors for 1.25, IV 14%, deltas -.06 +.05
TNA Calls Rolled up
So… as with TQQQ below, I was wrong fading this rally early in the week. Maybe next week works better.
Bought to Close TNA Sep 09 2022 40.0 Diagonal Call / Sold to Open TNA Sep 16 2022 41.0 Call at $0.14 Credit . Added a point to the short strike
Bought to Close TNA Sep 09 2022 40.5 Diagonal Call / Sold to Open TNA Sep 16 2022 41.0 Call at $0.62 Credit . Added a Added a 0.5 points to the short strike
Bought to Close TNA Sep 09 2022 41.0 Diagonal Call / Sold to Open TNA Sep 16 2022 42.5 Call at $0.27 Credit . Added a 1.5 points to the short strike
Bought to Close TNA Sep 09 2022 41.5 Diagonal Call / Sold to Open TNA Sep 16 2022 43.0 Call at $0.41 Credit . Added a 1.5 points to the short strike
TQQQ Calls Rolled up and Puts covered
So… I was wrong in fading this rally early in the week. Maybe next week works better.
Bought to Close TQQQ Sep 09 2022 28.0 Covered and Diagonal Calls / Sold to Open TQQQ Sep 16 2022 29.0 Calls at $0.02 and $0.04 Credits. Added a point to the short strike
Bought to Close TQQQ Sep 09 2022 28.5 Diagonal Calls / Sold to Open TQQQ Sep 16 2022 30.0 Calls at $0.02 Credit. Added a 1.5 points to the short strike
Bought to Close TQQQ Sep 09 2022 29.0 Diagonal Calls / Sold to Open TQQQ Sep 16 2022 31.0 Calls at $0.02 Credit. Added a 2 points to the short strike
Bought to close TQQQ Sep 09 2022 25.0 Puts at $0.01
LABU Call Rollup
Bought to close LABU Sep 09 2022 9.5 Calls / Sold LABU Sep 16 2022 10.0 Calls at $0.25 Credit and added $0.50 to the short strike
VXX Puts and Calls
Last trades for VXX for this week:
Bought to close VXX Sep 09 2022 18.5 Puts / Sold to Open VXX Sep 16 2022 18.0 Puts at $0.08 Credit and lowered the short strike another $0.50
Sold to Open VXX Sep 16 2022 20.5 Diagonal Calls at $0.08 and $0.09, paired off with the short 18.0 puts above.
Bought to close VXX Sep 09 2022 18.0 Puts at $0.01
#VXXContango
SPY iron fly
A little bit of speculation, low risk high reward. Looking for the Friday afternoon rally that could make another appearance today. STO Sep 9 406/407/408 iron butterfly @ .89 credit. Max loss .11.
SPX stopped
#SPX1dte Bought to close $SPX 4065/4085 call spreads for 5.00. Condors sold for 1.50 yesterday.
That wiped out the entire week’s profits. I’m trying very hard to make this strategy work… and to be clear, it IS working. But setbacks can happen very easily if I stray the tiniest bit from any rule. This morning my stop was hit BEFORE the open, so I was looking for best pullback. However, rather than follow my rule of “don’t delay” I tried to tease the market just a little lower by adjusting my limit order. I could have been out for about 2.15 had I just made sure to get filled on the first pullback at 6:45.
It is, of course, Murphy’s Law that when I DO go for the fill aggressively, the market pulls back much lower. But if I don’t, it inevitably goes higher, like this morning.
As most of you know, I have been at this #SPX1dte strategy for a few years. I have slowly been eliminating my bad habits. The main change this summer has been to stop playing around after a stop is hit (my stop is if SPX gets within the day’s “expected move,” visible on Think-or-swim’s option chain). That has gotten me out at decent prices, either holding on to some profit or incurring losses equal or less than my max profit. Today, I failed and I “played around”.
One thing I need to measure, which may take another year of data to assess, is whether not using any stop would be more profitable in the long run. The majority of times I am stopped out, the trade would have survived had I left it. If those instances outnumber the times where my strikes are blown through significantly enough, then “letting it go” may be the way of the future. It would have to mean that one loss of -19.00 is exceeded a lot by ignored stops where .90 to 1.50 in profit is realized, and losses are avoided.
#longcalls #lotteryticket #spy btc 30…
#longcalls
#lotteryticket
#spy
btc 30 SEP 2022 431 CALL @.64/bot@.59
SPX trades
SMH put spread
Going long semiconductors here. Sold to open Oct 21 195/185 bull put spread @ 2.05, short puts 26 delta.
VXX Puts rolled out
Bought to close VXX Sep 09 2022 20.0 Diagonal Puts / Sold to Open VXX Sep 16 2022 20.0 Puts at $0.13 Credit
Not quite as good as last week’s $0.22 Credit but still bringing in cash
Bought to close VXX Sep 09 2022 19.5 Diagonal Puts / Sold to Open VXX Sep 16 2022 19.5 Puts at $0.26 Credit
Not quite as good as last week’s $0.28 Credit but close enough
REGN and LABU
The 100 point move in REGN this morning may have goosed LABU as well.
Sold LABU Sep 09 2022 10.0 Diagonal Calls at $0.12
Expires tomorrow
Stocks
Tiny buys yesterday and this morning at new lows
CMCSA at $34.58 Div = 3.08%
NWL at $16.55 Div = 5.34%
LYB at $80.00 Div = 5.84%
#SP500 #FallingKnife
#optionsexpiration #spy sept,7 392 put/3.55…
#optionsexpiration
#spy
sept,7 392 put/3.55 total collected
done can kicking on this one!
Final Trades
Sold LABU Sep 09 2022 9.5 Covered Calls @ 0.15
Sold VXX Sep 09 20.00 18.0 Diagonal Puts at $0.09
SPX 1-dte
#SPX1dte Sold to Open $SPX Sept 8th 3865/3885-4060/4080 condors for 1.55, SPX 3981, IV 26.6%, deltas -.06 +.06
Rolling TTD out
Rolling this position out to what I’m hoping will be the last iteration before I take it off for an overall profit: Rolled $TTD Sep 16 60 straddle out to Oct 21 55/75 strangle for 1.10 debit.
Accumulated credits so far are 2.87.
If the strangle gets to around 50% of what I sold it for (Oct 55/75 sold for 4.68), I’ll close it for an overall profit on an earnings trade gone rogue. But first things first, TTD needs to behave for a couple of weeks.
TNA TQQQ Diagonal Spreads
Betting today’s rally fades by Friday. (If not, both my long stock positions are higher and my short puts expire)
Bought 1 TNA Sep 30 2022 46.5 Call / Sold 1 TNA Sep 09 2022 39.5 Call at $0.03 Credit for the first week.
Bought 1 TNA Sep 30 2022 46.0 Call / Sold 1 TNA Sep 09 2022 39.5 Call at $0.03 Credit for the first week.
Bought 1 TQQQ Sep 30 2022 37.0 Call / Sold 1 TQQQ Sep 09 2022 28.0 Call at $0.45 Credit for the first week.
Bought 1 TQQQ Sep 30 2022 36.5 Call / Sold 1 TQQQ Sep 09 2022 28.5 Call at $0.23 Credit for the first week.
Bought 1 TQQQ Sep 30 2022 36.0 Call / Sold 1 TQQQ Sep 09 2022 29.0 Call at $0..05 Credit for the first week.
SPX stopped
#SPX1dte Bought to close $SPX Sept 7th 3995 calls for .60. Condors sold yesterday for 1.20.
Left the long call open which I will sell if we spike even higher.
TSLA
#ShortPuts #JadeLizards – Rolling up puts (original sale was pre split) for additional credit and adding a call spread side on one of the puts for a Jade Lizard.
Rolled 3 TSLA SEP 16 2022 225.0 Puts to SEP 16 250.0 Puts @ 1.15 credit (2.40 total now)
Sold 1 TSLA SEP 16 2022 275.0/280.0 Bear Call Spread @ 2.90
EDIT: Added one more call spread. Overall profit to the upside is still close to what the original put sale trade was at. A little pullback but stay above 250 and profit is about 4 times the original put sale. Worth a shot. LOL
Sold TSLA SEP 16 2022 278.33/283.33 Bear Call Spread @ 2.60
TNA TQQQ KOLD Covered Calls
Sold TNA Sep 09 2022 39.5 Covered Calls at $0.43 and $0.46
Sold 1 TNA Sep 09 2022 40 Covered Call at $0.35
Sold 1 TNA Sep 09 2022 40.5 Covered Call at $0.23
Sold TQQQ Sep 09 2022 28.0 Covered Calls at $0.44
Sold 1 KOLD Sep 16 2022 19.0 Covered Call at $0.25
The TNA and TQQQ Calls replace similar calls that expired Friday
VXX Put Spreads
Bought to Open VXX Mar 17 2023 7.0 Puts at $0.11
Sold to Open VXX Sep 09 2022 18.5 Puts at $0.14 for a $0.03 Credit for the first week
Long DTE = 191
Short DTE = 2
Bought to Open VXX Jan 20 2023 8.0 Puts at $0.08
Sold to Open VXX Sep 09 2022 18.5 Puts at $0.11 for a $0.03 Credit for the first week
Long DTE = 135
Short DTE = 2
Bought to Open VXX Dec 16 2022 9.0 Puts at $0.09
Sold to Open VXX Sep 09 2022 18.5 Puts at $0.12 for a $0.03 Credit for the first week
Long DTE = 100
Short DTE = 2
Bought to Open VXX Nov 18 2022 10.0 Puts at $0.06
Sold to Open VXX Sep 09 2022 18.5 Puts at $0.09 for a $0.03 Credit for the first week
Long DTE = 72
Short DTE = 2
#VXXContango
NVDA
#CoveredCalls – Thinning the herd slightly. Quite a few oversales here.
Bought to Close NVDA SEP 9 2022 150.0 Calls @ .06 (sold for 1.22)
Bought to Close NVDA SEP 9 2022 150.0 Calls @ .07 (sold for 2.80 and 1.26)
Bought to Close NVDA SEP 16 2022 175.0 Calls @ .05 (sold for 2.65)
Sold NVDA SEP 16 2022 145.0 Calls @ 1.45
Sold NVDA SEP 23 2022 152.5 Calls @ 1.30
#assignment #soxl 9/9/2022 ,20 put/early…
#assignment
#soxl
9/9/2022 ,20 put/early assignment
#creditspread spy sto 9 SEP…
#creditspread
spy
sto 9 SEP 22 377/373 PUT @.30
————
#rolling
CALENDAR SPY 7 SEP 22/6 SEP 22 392 PUT @1.29 credit
#kickthecan
Options Bistro 