VIX up but UVXY down
SPY and XSP up
Humana and UnitedHealth Group shares are spiking after Medicare finalized a 2.48% rate hike for private insurers in 2027, exceeding expectations.
This rate increase is a surprise, as earlier proposals suggested a much lower 0.09% hike, which had sent shares tumbling.
Sold 1 XSP 04/07/2026 641/648 Bull Put Spread at $0.18 Credit
Friday was supposed to be my ladder roll to the 17th but let’s have some fun. Closing tomorrow a day early and sending it out as protection for my Apr 17th 6700/6705 Bear Call Spreads.
Bought to Close SPX Apr 07 6500.0 Put @ 5.10 (sold for 99.30)
Sold SPX Apr 17 2026 6700.0 Put @ 135.60
Ladder:
Sold SPX Apr 13 6500.0 Put @ 42.00
3 expirations per week
Sold 1 TSLA 04/08/2026 375/370 Bear Call Spread at $0.17 Credit
Sold 1 TSLA 04/10/2026 380/375 Bear Call Spread at $0.25 Credit
Sold 1 TSLA 04/13/2026 385/380 Bear Call Spread at $0.24 Credit
Sold 1 TSLA 04/15/2026 385/380 Bear Call Spread at $0.34 Credit
https://finance.yahoo.com/markets/stocks/articles/tsla-selloff-deepens-why-analysts-165526682.html
JPMorgan analyst Ryan Brinkman, a long-time Tesla bear, reiterated an Underweight rating and $145 price target on the stock. The analyst lowered his earnings per share estimate for the first quarter from $0.43 to $0.30, below consensus of $0.38. His 2026 outlook was reduced from $2.00 to $1.80, compared to consensus of $1.95, while his 2027 estimate was cut from $2.45 to $2.25, versus consensus of $2.65.
“We continue to see large -60% downside to our $145 December 2026 price target and advise investors approach TSLA shares with a high degree of caution,” Brinkman commented.
Rolled SPX Apr 06 6600.0 Put to Apr 07 6575.0 Put @ 5.00 credit (97.65 total now)
Rolled SPX Apr 06 6600.0 Puts to Apr 07 6575.0 Puts @ 5.00 credit (86.85 total now)
Ladder:
Leaving uncovered until Trump starts talking. Hopefully a dip for nice fill on Apr 13th.
Bought to Close SPX Apr 06 6475.0 Put @ .55 (sold for 121.40)
#FuzzyLEAPs
Rolled $XSP Apr 6th 654 puts to Apr 7th 654 puts, 1.15 credit
Sold 1 MSTX1 04/10/2026 5.0 Covered Call at $0.01
Sold SPCE 04/10/2026 4.5 Covered Calls at $0.01
Sold 1 TZA 04/10/2026 9.5 Covered Call at $0.02
Sold PSKY 04/10/2026 10.5 Covered Calls at $0.04
Sold 1 BOIL 04/10/2026 22.0 Covered Call at $0.05
Sold KHC 04/10/2026 23.5 Covered Calls at $0.11
Sold PSKY 04/10/2026 10.0 Covered Calls at $0.14
Sold 1 MSTX 04/10/2026 22.0 Covered Call at $0.32
#EveryLittleBitHelps
Sold 1 NKE 04/10/2026 41.5 Put at $0.14
Sold 1 BOIL 04/10/2026 14.0 Put at $0.17
Sold 1 TSCO 04/10/202 42.0 Put at $0.25
#TinyPuts
Sold 1 WDAY 04/10/2026 139/138 Bear Call Spread at $0.17 Credit
Sold 1 WDAY 04/10/2026 146/142 Bear Call Spread at $0.25 Credit
Sold 1 WDAY 04/10/2026 149/144 Bear Call Spread at $0.18 Credit
Sold 1 UVXY 04/10/2026 68/62 Bear Call Spread at $0.40 Credit
Sold 1 UVXY 04/10/2026 42/44 Bull Put Spread at $0.32 Credit
Sold 1 UVXY 04/10/2026 38.5/41.5 Bull Put Spread at $0.17 Credit
Started a tiny new position in KDP at $25.00
#FallingKnife
Taking over half in a day.
Bought to Close SPY Apr 17 2026 605.0 Puts @ 1.25 (sold for 2.75)
Bought to Close SPY Apr 17 2026 610.0 Puts @ 1.55 (sold for 3.45)
Bought to Close SPY Apr 17 2026 615.0 Puts @ 1.76 (sold for 3.91)
Bought to Close SPY Apr 17 2026 620.0 Puts @ 2.14 (sold for 5.01)
Bought to Close SPY Apr 17 2026 625.0 Puts @ 2.85 (sold for 5.89)
#fuzzyleaps
In case tomorrow is not just another TACO Tuesday:
BTC SPX Apr 6 2026 6275 Put @ 0.20.
BTC SPX Apr 7 2026 6250 Put @ 0.85.
That leaves me with only 1/3 LEAPs covered.
Options Bistro 