#VIXIndicator Almost got the Downside Warning canceled on Friday. Closed $VIX at 22.52, needed 22.49. Next week should tell us whether the near term direction will continue higher or reverse lower.
Daily Archives: Friday, November 11, 2022
MSFT NVDA SOXL SPY TBT TLT TQQQ XBI
#ShortPuts #CoveredCalls #SyntheticStock #SyntheticShortStock – An interesting week. Lots of SPY covered call rolls and very nice profits on aggressive NVDA short puts. Another fun week with a little bit of eveything.
MSFT: Taking it a week early.
Bought to Close MSFT NOV 18 2022 225.0 Put @ .33 (sold for 4.40)
NVDA: Earnings next week. Staying aggressive on the put side against in the money covered calls.
Bought to Close NVDA NOV 11 2022 150.0 Put @ .05 (sold for 6.80)
Bought to Close NVDA NOV 11 2022 155.0 Puts @ .01 (sold for 14.20 and 9.15)
Sold NVDA NOV 18 2022 165.0 Put @ 10.15
Balancing out overall position slightly with earnings next week.
Bought to Close 1 NVDA NOV 18 2022 140.0 Call and Sold 2 NVDA NOV 18 2022 167.5 Puts @ 1.50 credit
SOXL: Sold against 2024 and 2025 long calls.
Rolled SOXL NOV 18 2022 9.5 Calls to DEC 16 2022 10.0 Calls @ .09 credit (.45 total now)
SPY: Got some decent rolls first thing this morning. One new sale and one assignment.
Sold SPY NOV 18 2022 390.0 Put @ 3.50
Stock called away @ 377.0 (366.0 basis and many calls sold against last few months)
Rolled SPY NOV 11 2022 378.0 Calls to NOV 18 2022 379.0 Calls @ .05 credit (3.80 and 6.65 total now)
Rolled SPY NOV 11 2022 381.0 Call to NOV 25 2022 384.0 Call @ even (3.05 total now)
Rolled SPY NOV 11 2022 382.0 Call to NOV 25 2022 385.0 Call @ .10 credit (3.60 total now)
Rolled SPY NOV 11 2022 379.0 Call to DEC 2 2022 383.0 Call @ even (3.75 total now)
Rolled SPY NOV 11 2022 379.0 Call to DEC 2 2022 383.0 Call @ .21 credit (4.50 total now)
Rolled SPY NOV 11 2022 380.0 Call to DEC 2 2022 384.0 Call @ .50 credit (2.85 total now)
Rolled SPY NOV 11 2022 380.0 Calls to DEC 2 2022 384.0 Calls @ .24 credit (3.75 and 6.75 total now)
Rolled SPY NOV 11 2022 381.0 Call to DEC 2 2022 385.0 Call @ .60 credit (4.45 total now)
Rolled SPY NOV 11 2022 382.0 Call to DEC 2 2022 387.0 Call @ .18 credit (3.85 total now)
Rolled SPY NOV 11 2022 383.0 Call to DEC 2 2022 388.0 Call @ .37 credit (2.65 total now)
Rolled SPY NOV 11 2022 377.0 Call to DEC 16 2022 385.0 Call @ even (2.45 total now)
Rolled SPY NOV 11 2022 378.0 Call to DEC 16 2022 386.0 Call @ .20 credit (3.90 total now)
TBT: Sold against synthetic short stock and 2025 long puts.
Rolled TBT NOV 11 2022 35.5 Puts to NOV 18 2022 35.0 Puts @ even (.60 total now)
Rolled TBT NOV 11 2022 36.0 Puts to NOV 25 2022 35.5 Puts @ .02 credit (.70 total now)
Bought to Close TBT NOV 11 2022 34.5 Puts @ .40 (sold for .33 stopped for small loss)
TLT: Covered and stopped at even.
Bought to Close TLT NOV 11 2022 97.5 Calls @ .45
TQQQ: Covered.
Rolled TQQQ NOV 11 2022 19.5 Calls to DEC 16 2022 21.0 Calls @ .16 credit (.55 total now)
XBI: Another good week in this one.
Bought to Close XBI NOV 11 2022 81.0 Put @ .05 (sold for 2.90)
Bought to Close XBI NOV 11 2022 81.5 Puts @ .05 (sold for 3.05)
Sold XBI NOV 18 2022 82.0 Puts @ 1.20
Sold XBI NOV 18 2022 83.5 Puts @ 2.00
Rolled XBI NOV 11 2022 79.5 Calls to NOV 18 2022 80.5 Calls @ .05 credit (1.55 total now)
MTDR SLB Puts Closed / NFLX BUPS Close / Expiration
#shortputs
$MTDR BTC 11/18 60 put at .20. STO at 2.14
$SLB BTC 12/16 35 put at .02. STO at.95 Thank you @jsd501
#bups
$NFLX BTC 11/18 230/240 BUPS at .30. STO at 1.85. Thank you @ramie77
$PFE 48 call
$U 11 put
$SBUX 87 put
$AA 38 put
OptionsExpiration
Not much of a list as the strong market had me rolling most positions
EXPIRED:
SLV 14/19 Bull Put Spreads
SLV 15/19 Bull Put Spreads
SLV 19.0 Diagonal Puts
SOXL 7.0 Diagonal Puts
SPY 320/367 Bull Put Spread
TLRY 5.0 Covered Calls
TNA 41/40.5 Bear Call Spreads
TNA 44/42 Bear Call Spreads
TNA 50/44 Bear Call Spreads
TQQQ 15/15.5 Bull Put Spread
TQQQ 13/15.5 Bull Put Spread
UVXY 15/11 Bear Call Spreads
UVXY 10.5 Diagonal Calls
VXX 29/20 Bear Call Spreads
VXX 19.5 Diagonal Calls
VXX 19.0 Diagonal Calls
VXX 18.5 Diagonal Calls
VXX 16.5 Diagonal Puts — #VXXContango
LABU TNA TQQQ VXX Rolls
Rolled a bunch of short Calls up to next week and rolled VXX Puts down:
Bought to close VXX Nov 11 2022 17.0 Puts at $0.04
Sold to Open VXX Nov 18 2022 16.5 Puts at $0.19 for a $0.15 Credit.
Bought to close TQQQ Nov 11 2022 22.5 Calls at $0.18
Sold to Open TQQQ Nov 18 2022 24.0 Calls at $0.47 for a $0.29 Credit
Bought to close 1 TQQQ Nov 11 2022 22.0 Call at $0.66
Sold to Open 1 TQQQ Nov 18 2022 23.0 Call at $0.85 for a $0.19 Credit
Bough to close TQQQ Nov 11 2022 21.5 Covered Calls at $1.20
Sold to Open TQQQ Nov 18 2022 22.0 Covered Calls at $1.40 for a $0.20 Credit
Bought to close TNA Nov 11 2022 40.0 Covered Calls at $0.24
Sold to Open TNA Nov 18 2022 43.0 Covered Calls at $0.53 for a $0.29 Credit
Bought to close LABU Nov 11 2022 8.0 Covered Calls at $0.04
Sold to open LABU Nov 18 2022 9.0 Covered Calls at $0.15 for a $0.11 Credit
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 14th 3865/3885-4080/4100 condors for 1.40, SPX at 3995, deltas -.06 +.06, IV 17.34%
Expiring: Nov 11th 3865/3885-4040/4060 condors, sold this morning for 1.40.
UXVY Puts
Bought to close UVXY Nov 11 2022 Diagonal 9.0 Puts at $0.01. Sold on a rolldown last Friday at $0.23 and as part of a new #UVXYContango spread on Monday at $0.21..
This was a large position so glad to be out in a strong market.
This leaves a large long UVXY Jan 20 2023 6.0 Put position fully paid for, with several months to write against it.
Stocks
Tiny trades for gains on the continuing rally.
Dumping some old no/low divvy stocks as well as gains on some others to lighten up.
I’ll be adding to the completed sales list throughout the day.
Sold RL at $97.76, $99.95 and $102.41
Sold KEY at $20.01
Sold IVZ at $19.55
Sold TFC at $46.65
Sold VTRS at $11.43
Sold DD at $70.00 and $71.27
Sold GPS at $11.89
Sold CZR at $53.00
Sold DFS at $111.28
Sold AMT at $224.34
Sold TER at $94.50
Sold EXPD at $109.65
Sold SBUX at $96.75
Sold COO at $321.00
Sold KSS at $31.75
Sold APTV at $112.50
Sold BAC at $38.57
TQQQ puts
Bought to close 1 TQQQ Nov 11 2022 19.0 Put at $0.01. Sold on a rolldown last week at $1.66
Bought to close 1 TQQQ Nov 11 2022 24.0 Put at $1.79. Sold last Friday on a roll at $6.39
Sold to Open 1 TQQQ Nov 18 2022 23.5 Put at $1.84 for a $0.05 Credit
SOXL Calls
Sold an old long Call position:
Sold SOXL Nov 11 2022 12.5 Calls at $0.22. Bought at $0.17 and $0.18
#WinWin
Rolled short SOXL Nov 11 2022 11.5 Calls to SOXL Nov 18 2022 12.0 Calls at $0.02 Credit
Rolled short SOXL Nov 11 2022 11.0 Calls to SOXL Nov 18 2022 11.0 Calls at $0.20 Credit
Rolled short SOXL Nov 11 2022 10.5 Calls to SOXL Nov 18 2022 10.5 Calls at $0.13 Credit
#OnlySpreads
SPX same day
#SPX1dte In pre-market, sold to open $SPX Nov 11th 3865/3885-4040/4060 condors for 1.40. Deltas -.06 +.06
Options Bistro 