Quote of the day

“When the central bank steps on the brakes, something goes through the windshield.”

SLV Puts

Sold SLV Oct 14 2022 17.5 Diagonal Puts at $0.15

Stocks

Tiny buys of Dividend stocks in a weak market at new lows
T at $14.72 Div = 7.44%
PARA at $18.00 Div = 5.17%
INTC at $25.00 Div = 5.79%
CMCSA at $28.73 Div = 3.70%
VZ at $36.34 Div = 7.12%
CSCO at $39.57 Div = 3.81%
D at $64.00 Div = 4.13%

And finally QQQ at $262.37
#SP500 #FallingKnife

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 12th 3460/3480-3685/3705 condors for 1.40, SPX at 3587, deltas -.05 +.06

SPY

#CoveredCalls – Aggressive roll down to keep things interesting this week.

Rolled SPY OCT 14 2022 377.0 Call to OCT 14 2022 365.0 Call @ 2.10 credit (4.40 total now)

ARKK NVDA SOXL SPY TBT TQQQ XBI

ARKK: Another round of covered.

Bought to Close ARKK OCT 21 2022 47.0 Calls @ .05 (sold for 1.27)
Sold ARKK OCT 21 2022 38.5 Calls @ 1.04

NVDA: Overwriting quite a bit with profitable stops set on current positions. Taking a few off also.

Bought to Close NVDA OCT 14 2022 140.0 Calls @ .05 (sold for 1.02)

Sold NVDA OCT 21 2022 130.0 Calls @ 1.15
Sold NVDA OCT 21 2022 130.0 Calls @ 1.20

SOXL: Another round.

Bought to Close SOXL OCT 14 2022 12.0 Calls @ .01 (sold for .30)
Sold SOXL OCT 21 2022 10.0 Calls @ .27

SPY: Roll down for additional credit.

Rolled SPY OCT 14 2022 379.0 Calls to OCT 14 2022 370.0 Calls @ 1.55 credit (2.65 total now)
Rolled SPY OCT 14 2022 378.0 Calls to OCT 14 2022 370.0 Calls @ 1.00 credit (3.00 total now)
Rolled SPY OCT 14 2022 375.0 Calls to OCT 14 2022 370.0 Calls @ 1.10 credit (3.05 total now)

TBT: Adding.

Bought TBT JAN 17 2025 30.0 Put @ 6.50

TQQQ: Another round.

Bought to Close TQQQ OCT 14 2022 25.0 Calls @ .01 (sold for .44)
Sold TQQQ OCT 21 2022 21.0 Calls @ .60

XBI: Rolling calls down for additional credit.

Sold against a short put ladder:

Rolled XBI Oct 14 2022 88.0 Calls to Oct 14 2022 83.0 Calls @ .35 credit (1.00 total now)

Covered:

Rolled XBI OCT 14 2022 81.0 Calls to OCT 14 2022 79.0 Calls @ .60 credit (3.20 total now)

SPX 1-dte

#SPX1dte At 11 minutes into trading, sold $SPX Oct 11th 3495/3515-3655/3675 condors for 1.30, SPX at 3583, deltas -.06 +.05.

Don’t forget, September CPI report (inflation) released this Thursday at 8:30am ET