As they expire soon, starting to liquidate the long side puts I’ve used to hedge many of my #VXXContango Spreads
Sold to Close 1 VXX Dec 16 2022 15.0 Put at $0.66.
Bought way back on 10/17 at $0.28. Covered the cost in the first week of writing against it.
#WinWin
Also: Sold to open 1 VXX Dec 16 2022 14.5 Put at $0.36.
Sold against VXX Jan 13.0 Puts already long in the account.
#VXXContango
Expiring at the close:
1 SPY Dec 08 2022 386.0 Diagonal Put. Sold yesterday at $0.37.
#DailyLadder
#OnlySpreads
Rolling down for additional premium (Scalp Trade)
Bought to Close TNA Dec 09 2022 43.0 Covered Calls at $0.01. Sold at $0.14
Sold TNA Dec 09 2022 37.0 Covered Calls at $0.14
Below are the top 20 largest drawdowns for the S&P 500 going back to 1961.
Never IN HISTORY in an EXTREME drawdown for stocks have Treasuries (risk-off) GONE DOWN MORE THAN STOCKS (risk-on).
It is NOT just a function of the Fed hiking rates.
#ShortPuts #CoveredCalls #ShortCalls – A few on the bounce. A little early on some.
NVDA:
Rolled NVDA DEC 9 2022 172.5 Puts to DEC 16 2022 170.0 Puts @ .25 credit (3.65 total now)
Rolled NVDA DEC 9 2022 170.0 Put to DEC 16 2022 167.5 Put @ 1.00 credit (14.10 total now)
SPY:
Rolled SPY DEC 9 2022 400.0 Puts to DEC 13 2022 396.0 Puts @ even (4.15 and 3.85 total now)
Rolled SPY DEC 9 2022 400.0 Puts to DEC 13 2022 397.0 Puts @ .40 credit (6.25 and 4.40 total now)
Sold SPY DEC 13 2022 395.0 Call @ 4.90
Sold SOXL Dec 09 2022 13.0 Calls at $0.15
Expires tomorrow
#OnlySpreads
Sold out of my remaining 3 tiny lots of ZBH at $126.79. (Divvy was only 0.8%)
Bought 2 lots at $125.00 and $120.00 in Nov 2021 and 1 lot in Feb 2022 at $112.55
#FormerFallingKnife #RaisingCash
Replacing the DEC 09 Covered calls I closed out for a penny yesterday
Sold TQQQ Dec 16 2022 23.5 Calls at $0.50
Sold TQQQ Dec 16 2022 23.0 Calls at $0.65
Sold TQQQ Dec 16 2022 22.5 Calls at $0.80
#CoveredCallLadder
Rolled down my UVXY Dec 09 2022 8.0 Puts to UVXY Dec 16 2022 7.5 Puts at $0.02 Net Credit
Managed to push the short strike out of the money
Getting these sales in before the VIX collapses again
Sold 1 UVXY Dec 16 2022 9.0 Covered Call at $0.19
Sold 1 UVXY Dec 16 2022 9.5 Covered Call at $0.15
Sold 1 UVXY Dec 16 2022 10.0 Covered Call at $0.11
Options Bistro 