OptionsExpiration

*Expired*
**Calls*
SQQQ 04/09/2021 16.5 Covered Call
TLRY 04/09/2021 25.5 Diagonal Calls
TLRY 04/09/2021 26.0 Diagonal Calls
VXX 04/09/2021 14.0 Diagonal Calls
VXX 04/09/2021 15.5 Diagonal Calls
WFC 04/09/2021 40.5 Diagonal Calls
WFC 04/09/2021 41.0 Diagonal Calls
**Puts**
LABU 04/09/2021 65.0 Diagonal Puts
TLRY 04/09/2021 19.5/15.0 Bull Put spread
WFC 04/09/2021 37.0 Diagonal Puts

*Assignments*
Unable to profitably roll these forward for another week:
VXX 04/09/2021 22.0 Put (cost basis on resulting the stock 11.26)
VXX 04/09/2021 21.0 Put (cost basis on resulting the stock 11.49)
VXX 04/09/2021 19.5 Put (cost basis on resulting the stock 11.47)
VXX 04/09/2021 19.0 Put (cost basis on resulting the stock 11.46)
I’ll write covered calls weekly to see if I can get out above my basis

LABU Put Roll

Rolled down my LABU Apr 09 2021 70.0 Puts to LABU Apr 16 2021 65.0 Puts @ 0.62 Credit.

At least my 65.0 Puts for today are still looking like they will expire, leaving me with a couple of extra long puts for next week.

TQQQ Call Roll

Rolled up my TQQQ Apr 09 2021 103.5 Call to TQQQ Apr 16 2021 107.0 Call at $0.07 Credit.
Pushed it from In the money to out of the money for next week.

VXX Puts – closing some small longs

Sold to close 1 VXX 09/17/2021 10.0 Put @ 2.25. Bought @ 0.70 on 09/04/2020.

Sold to close 1 VXX 06/18/2021 10.0 Put @ 1.37. Bought @ 0.65 on 05/08/2020.

Sold to close 1 VXX 06/18/2021 9.0 Put @ 0.75. Bought @ 0.40 on 06/30/2020.

Rounding out my positions preparing for the coming split.

VXX Reverse split

Barclays Bank PLC Announces Reverse Split of the iPath ® Series B S&P 500 ® VIX Short-Term Futures™ ETNs

Barclays Bank PLC (“Barclays”) announced today that it will implement a 1 for 4 reverse split of its iPath ® Series B S&P 500 ® VIX Short-Term Futures ™ ETNs (CUSIP: 06746P621) (the “ETNs”) which it intends to be effective at the open of trading on Friday, April 23, 2021. The ETNs currently trade on the CBOE BZX Exchange (“CBOE”) under the ticker symbol “VXX.”

VXX Puts

New #VXXContango Trade.
Bought to Open VXX Jun 17 2022 3.0 Puts / Sold to Open VXX Apr 16 2021 10.0 Puts at $0.05 Net Credit.
Short DTE = 8
Long DTE = 435
VXX at 10.31

TSLA Diagonal Closed

On Monday I bought to Open 1 TSLA May 21 2021 900.0 Call / Sold to Open 1 TSLA Apr 09 2021 725.0 Call @ 0.60 Credit.
Today I closed both sides @ $5.60 Credit.
Total gain in 3 days was $6.20 and it frees up significant buying power.
#WinWin with a credit in and another credit out

VXX Puts

My short strike price finally caught up to the strike on my existing long term puts left over from earlier #VXXContango Trades.
Sold VXX 04/16/2021 10.0 Puts @ 0.20.
Sold against existing long June 10 and September 10 Puts.

LABU

Last new positions for this week in this stock.
Sold LABU 04/09/2021 65.0 Puts @ 0.65.
LABU at 73.75.

2 DTE

TLRY

Sold TLRY 04/09/2021 19.50 Puts @ 0.52.
Stock at 20 and at the March/April low.
#FallingKnife

TSLA

My diagonal spread from Monday is working great. TSLA is uncharacteristically quiet after Monday’s gap up.
Can it last??

TSLA

LABU

Sold 1 LABU Apr 09 2021 70 Put at $1.05. Adding to my position.
I still have extra long Puts from earlier diagonal spreads.

TSLA Diagonal Pre-earnings

Bought to Open 1 TSLA May 21 2021 900.0 Call / Sold to Open 1 TSLA Apr 09 2021 725.0 Call @ 0.60 Credit.
The short is before earnings, the long is after earnings.
Gained about 1.20 on the spread prices by today’s close.

#BoredToDeath Trade

VXX – Closing a long Put position

Sold to close VXX Apr 16 2021 10.0 Puts @ 0.15 & 0.16
Purchased this lot on January 27th @ 0.06 and have been writing against them since then.
I am scaling out of these and when they are gone I’ll start writing them

I’m still long June/September/Jan 2022/Jun 2022 Puts that I continue to write against.

OptionsExpiration

*Expired*
AMC 04/01/2021 15.50 Diagonal Call
GME 04/01/2021 250/300 Bear Call Spread
LABU 04/01/2021 85.0 Diagonal Call
LABU 04/01/2021 90.0 Diagonal Call
VXX 04/01/2021 13.0 Diagonal Calls
VXX 04/01/2021 13.5 Diagonal Calls
VXX 04/01/2021 14.0 Diagonal Calls
VXX 04/01/2021 15.0/32.0 Bear Call Spreads
WFC 04/01/2021 40.0 Diagonal Calls

LABU 04/01/2021 70.0 Diagonal Put
LABU 04/01/2021 65.0 Diagonal Put
VIAC 04/01/2021 40.0 Diagonal Puts
VIAC 04/01/2021 35.0 Short Put
WFC 04/01/2021 36.5 Diagonal Puts

*Assignments*
WFC 04/01/2021 31.50 Covered Calls

UVXY – Closing a long Put position

Sold to close UVXY Apr 16 2021 5.0 Puts @ 0.23.
Purchased these on March 1st @ 0.04 while writing March 5th 8.0 Puts against them that ultimately expired.
A #WinWin on a #UVXYContango trade.

I’m still long June 4.0 and 5.0 Puts that I continue to write against.

The next reverse split can’t be too far off with the stock at 5.40

VXX Put Roll

Last Trade today
Bought to close VXX Apr 01 2021 11.5 Puts / Sold to Open VXX Apr 09 2021 11.5 Puts at $0.23 Credit

LABU Put Roll

Bought to close 1 LABU 04/01/2021 75.0 Put @ 0.05. Sold this on a rolldown last Thursday @ $5.92

Replaced it with 1 LABU 04/09/2021 70.0 Put @ $1.25

TLRY

The short calls have done their work for this week, so I covered at a slight gain and rolled them up above some of my short puts for next week.
Bought to close TLRY Apr 01 2021 23.0 Calls at 0.30 average price.
Sold TLRY Apr 09 2021 25.5 Calls at $0.52
Sold TLRY Apr 09 2021 26.0 Calls at $0.50

LABU Scalp

Sold to open LABU Apr 01 2021 85.0 Call at $0.65.
Sold to open LABU Apr 01 2021 90.0 Call at $0.20.
Paired with my 65/70/75 short puts for today

UVXY Roll

Bought to close UVXY Apr 01 2021 6.5 Puts / Sold to Open UVXY Apr 09 2021 6.5 Puts at $0.19 Credit
Bought to close UVXY Apr 01 2021 7.0 Puts / Sold to Open UVXY Apr 09 2021 7.0 Puts at $0.13 Credit

TLRY Put Rolldowns

Bought to Close TLRY Apr 01 2021 25.0 Puts / Sold to Open TLRY Apr 09 2021 24.0 Puts at 0.05 Credit.
Bought to Close TLRY Apr 01 2021 28.0 Puts / Sold to Open TLRY Apr 09 2021 27.5 Puts at 0.05 Credit.

SPY Scalp

Sold SPY Mar 31 2021 399.0 Call Limit at $0.30

VXX Put Rolldown

Rolled VXX Apr 01 2021 13.5 Puts down to VXX APR 16 2021 13.0 Puts @ 0.09 Credit and a $0.50 lower strike.

VXX Contango Special

Bought to Open VXX Jun 18 2021 8.0 Puts / Sold to Open VXX Apr 09 2021 11.0 Puts at $0.11 Credit
VXX at 11.60
Short DTE = 10
Long DTE = 80

#VXXContango

VXX Calls and Puts

Sold VXX Apr 09 2021 14.0 Calls at $0.26
Sold VXX Apr 01 2021 11.5 Puts at $0.16

Bought VXX Jan 21 2022 4.0 Puts Limit at $0.05

TLRY Diagonal Calls

In a bid to improve my short Bull put positions I’m entering some Call spreads, daring the stock to go up.
Bought to open TLRY Apr 23 2021 42.0 Calls / Sold to Open TLRY Apr 01 2021 23.0 Calls at $0.04 Credit.
TLRY = 21.50
Short DTE = 2
Long DTE = 24

VXX Calls

Sold VXX 04/01/2021 13.0 Diagonal Calls @ 0.31 & 0.34

These expire Thursday

VIAC Puts

Sold VIAC 04/01/2021 35.0 Put @ 0.39
Sold VIAC 04/09/2021 35.0 Put @ 0.65

LABU Diagonal Put

Bought to open 1 LABU Apr 30 2021 40.0 Put / Sold to Open 1 LABU Apr 01 2021 60.0 Put at 0.40 Credit.
LABU = 71
Short DTE = 3 (no trading Friday)
Long DTE = 32

VIAC Diagonal Put

Bought to open 1 VIAC Apr 16 2021 30.0 Put / Sold to open 1 VIAC Apr 01 2021 40.0 Put @ 0.71 Credit

OptionsExpiration

Expired:
=Calls=
LABU Mar 26 2021 105.0 Diagonal Call
LABU Mar 26 2021 110.0 Diagonal Call
SLB Mar 26 2021 30.0 Diagonal Calls
TLRY Mar 26 2021 29.0 Diagonal Call
TLRY Mar 26 2021 29.5 Diagonal Call
TLRY Mar 26 2021 30.0 Diagonal Call
VXX Mar 26 2021 13.0/32.0 Bear Call Spreads
VXX Mar 26 2021 13.5/32.0 Bear Call Spreads

=Puts=
GME Mar 26 2021 10.0/50.0 Bull Puts Spread
GME Mar 26 2021 80.0 Diagonal Put
LABU Mar 26 2021 70.0 Diagonal Put
SPY Mar 26 2021 385.0 Diagonal Put
TQQQ Mar 26 2021 76.0 Diagonal Put
WFC Mar 26 2021 37.5 Diagonal Puts

Assignments:
WFC Mar 26 2021 31.0 Covered Calls

VXX Call Rollups

Bought to close VXX Mar 26 2021 13.0 Calls / Sold to Open VXX Apr 01 2021 13.5 Calls at $0.19 Credit
Bought to close VXX Mar 26 2021 13.5 Calls / Sold to Open VXX Apr 01 2021 14.0 Calls at $0.15 Credit
**Partial positions

TLRY Put Roll

Bought to close TLRY Mar 26 2021 25.0 Puts / Sold to Open TLRY Apr 01 2021 25.0 Puts @ 0.49 Credit

GME Spread Roll

On Wednesday I sold 1 GME Mar 26 2021 250 / 200 Bear Call Spread at $1.37 Credit after earnings with GME at 150.
Now that the stock is up to the 200 short strike I’m rolling the entire spread up.
Bought to close 1 GME Mar 26 2021 250.0/200.0 Bear Call Spread @ $6.57 Debit and
Sold to open 1 GME Apr 01 2021 300.0/250.0 Bear Call Spread @ $6.86 Credit.

I’ll have to wait another week but the short strike is 50 points higher.
Meanwhile I have short strike 80 and 50 puts expiring today.

VXX Calls

Bought to close VXX Mar 26 2021 12.5 Calls Limit at $0.01. They won’t trade any lower.
Sold on 3/23 at an average price of 0.35

AMC Roll

Bought to close AMC Mar 26 2021 15.5 Call / Sold to Open AMC Apr 01 2021 15.5 Call at $0.40 Credit.

VXX & UVXY Put Rolls

Bought to close UVXY Mar 26 2021 6.5 Puts / Sold to Open UVXY Apr 01 2021 6.5 Puts at $0.18 Credit.

Bought to close VXX Mar 26 2021 13.0 Puts / Sold to Open VXX Apr 01 2021 13.0 Puts at $0.15 Credit.

LABU

Bought to close 1 LABU Mar 26 2021 75.0 Put at $0.97. Sold this on 3/23 @ 1.31.

To replace it I sold to open 1 LABU Apr 01 2021 65.0 Put at $1.27. The new strike is outside the recent trading range and 10 points lower.

LABU rolldown

Thanks to a nice bounce in LABU today I was able to do a significant rolldown to next week.
Bought to Close 1 LABU Mar 26 2021 80.0 Put / Sold to Open 1 LABU Apr 01 2021 75.0 Put at $0.30 Credit.

Also – Bought to open 1 LABU Apr 23 2021 45.0 Put / Sold to Open 1 LABU Mar 26 2021 70.0 Put @ 0.09 Credit to grab some additional time premium for this week.

I’ve got 105 & 110 short Calls expiring tomorrow as well.

VXX Calls

Rolled down my VXX Mar 26 2021 15.0 Calls to VXX Mar 26 2021 13.0 Calls for a $0.30 additional Credit.

VXX Calls

Rolled down my VXX Mar 26 2021 16.0 Calls to VXX Mar 26 2021 13.5 Calls for a $0.17 additional Credit
Rolled down my VXX Mar 26 2021 15.5 Calls to VXX Mar 26 2021 13.0 Calls for a $0.25 additional Credit.
I’ve got short puts at those strike too so now they are straddles for tomorrow.

REGN Put

Sold 1 REGN 04/16/2021 410.00 Put @ 1.55.
Strike at last February’s blast off point

REGN

52W Range 424.01 – 664.64

OptionsExpiration

SPY 03/24/2021 395.0 Diagonal Call – Sold @ 1.11 on Monday

SPY

Sold to open 1 SPY Mar 26 2021 385 Put at $1.14.
2 DTE

VXX Calls

Sold VXX Mar 26 2021 13 Calls Net Credit at $0.18
VXX at 12.50

GME Calls

Bought to open 1 GME Mar 26 2021 250 Call / Sold to Open 1 GME Mar 26 2021 200 Call at $1.37 Credit.
GME is at 150.
No additional Margin because I was already short a 30/80 put spread with the same requirements.
Maybe the earnings report brought home a bit of reality for the crazy bullish traders.

LABU Put Spread & re-write

Bought to open 1 LABU Apr 23 2021 55 Put / Sold to Open 1 LABU Mar 26 2021 80.0 Put at $0.55 Credit.
This pairs off with the LABU Call spreads I sold yesterday at 105 & 110
LABU is 85, down almost 19 points.

Also sold 1 LABU Mar 26 2021 75.0 Put at $1.31 against a long April 45.0 Put left over from an earlier spread.
#DoubleDip

GME Put

Sold 1 GME Mar 26 2021 50.00 Put @ 0.52.
GME is 181 right now

VXX Calls

Sold VXX Apr 16 2021 18.0 Calls at $0.29
Sold VXX Apr 09 2021 15.5 Calls at $0.33
Sold VXX Apr 01 2021 13.5 Calls at 0.30, 0.31 & 0.32
Sold VXX Mar 26 2021 12.5 Calls at $0.26, 0.37 & 0.38
Sold VXX Mar 26 2021 13.5 Call at $0.12 & 0.13
Paired off with short put spreads and sold against May long calls.

GME Put Spread

Bought to open 1 GME Apr 30 2021 30.0 Put / Sold to Open 1 GME Mar 26 2021 80.0 Put at $0.30 Credit

SPY

Sold 1 SPY Mar 24 2021 395 Call at $1.11 against some April long calls left over from old spreads.
#DoubleDip

LABU

Sold 1 LABU Mar 26 2021 110 Call at $3.20 against my existing long April 135 Call.
#DoubleDip as last week’s short strike 100 call expired Friday.

LABU New Diagonal

Bought to open 1 LABU Apr 23 2021 135 Call / Sold to Open LABU Mar 26 2021 105 Call @ 1.30 Credit.
LABU is at 101

GME – Exit the long Call

Sold to close 1 GME Mar 26 2021 350 Call at $6.55
On Wednesday, March 10, 2021 I set up a GME Diagonal Call Spread:
Bought to open 1 GME Mar 26 2021 350.0 Call / Sold to Open 1 GME Mar 19 2021 250.0 Call @ 7.63 Credit.
The short position expired Friday.
Total Credit = 14.18

Options Expiration

Free Lottery tickets that didn’t pay off –

Along with all the short positions listed below, a lot of old long hedges(fully paid for by earliers short positions) are rolling off today.
My account positions page will look much cleaner after today:
AMC 2.0 Puts, GILD 42.50/45.0/47.50 Puts, GME 6.0 Puts, INTC 22.50/27.50 Puts/ SLB 35.0/37.50 Calls / TLRY 13.0/14.0/17.0 Puts / UVXY 6.0 Puts / VXX 45/50/52/54/55/59/60 Calls & 10/11 Puts / WFC 47.50 Calls

== Shorts Expiring ==
CALLS:
GME 03/19/2021 230/300 Bear Call Spread
GME 03/19/2021 250.0 Diagonal Call
GME 03/19/2021 290.0 Diagonal Call
LABU 03/19/2021 100.0 Diagonal Call (barely)
SLB 03/19/2021 30.0 Diagonal Calls
SPY 03/19/2021 399/401 Bear Call Spread
SPY 03/19/2021 391.0 Diagonal Call
TLRY 03/19/2021 30.0 Diagonal Calls
TLRY 03/19/2021 32.50 Diagonal Call

VXX 03/19/2021 23.0/13.50 Bear Call Spreads
VXX 03/19/2021 25.0/14.00 Bear Call Spreads
VXX 03/19/2021 34.0/14.50 Bear Call Spreads
VXX 03/19/2021 35.0/15.00 Bear Call Spreads
VXX 03/19/2021 36.0/15.50 Bear Call Spreads
VXX 03/19/2021 37.0/16.00 Bear Call Spreads
VXX 03/19/2021 38.0/16.00 Bear Call Spreads

PUTS:
GME 03/19/2021 10.0/110.0 Bull Put Spread
GME 03/19/2021 6.0/50.0 Bull Put Spread
GME 03/19/2021 6.0/45.0 Bull Put Spread
PRGO 03/19/2021 37.50 Short Put
SPY 03/19/2021 387.0 Diagonal Put
TQQQ 03/19/2021 50.0/61.0 Bull Put Spread
TQQQ 03/19/2021 62.0 Diagonal Put
VTRS 03/19/2021 12.50 Short Puts

== Assignments ==
WFC 03/19/2021 29.0 Covered Calls

GME Call Spread finally works

Two weeks ago I put on a GME Bearish Diagonal spread
Bought 1 GME 03/19/2021 300 Call / Sold 1 GME 03/12/2021 200 Call @ 4.40 Credit.
Last Friday I rolled up the short that was in the money:
Bought to close GME Mar 12 2021 200.0 Call / Sold to Open 1 GME Mar 19 2021 230.0 Call @ 2.20 Credit.
So the total Credit was 6.60
I could close the short 230.0 Call @ 0.01 but with only 5 minutes until the close I think I’ll let it expire.

AMC Calls

Bought to close 1 AMC 03/19/2021 14.00 Diagonal Call @ 0.01. Sold @ 1.70 this week.

GME

About an hour to go and I’m still waiting to cover my 230, 250 and 290 short calls
Geesh!

GME at 206

TLRY Put Rolldown

Bought to close TLRY Mar 19 2021 27.0 Puts / Sold to Open TLRY Mar 26 2021 25.0 Puts @ 0.18 Credit plus a 2 point drop in the short strike.
That puts the strike from an in the money to an out of the money position for next week.

I’ve also got TLRY 30 and 32.5 short calls expiring today 🙂

TQQQ

Bought to close 1 TQQQ Mar 19 2021 63 Put at $0.01. Sold at 1.06 on 03/03.

Letting my short 62 put and short 61 put expire.

VXX Puts Closed

Bought to close VXX 03/19/2021 12.50 Puts @ 0.01. They won’t trade any lower.
Sold at an average of 0.15 over the last week.

Also liquidated my long VXX 03/19/2021 14.0 Puts @ 0.73.
Bought these 09/09/2020 @ 0.64 & 0.71 and 10/08/2020 @ 0.56 and have been writing WEEKLY against them ever since.

#WinWin

UVXY Puts Rolled

Bought to Close UVXY Mar 19 2021 7.5 Puts / Sold to Open UVXY Mar 26 2021 7.0 Puts @ Even but a 0.50 lower strike.

Not a lot of risk here since my long hedges are April and June 5.0 Puts

TQQQ

Bought to close TQQQ Mar 19 2021 65 Puts at $0.01. Sold at 1.45 average price on 03/03/2021

LABU

What happened???
90.68 -15.23 (-14.38%)

VXX Put rolldown

Bought to close VXX Mar 19 2021 13.50 Puts / Sold to Open VXX Mar 26 2021 13.00 Puts at even money
The extra 0.50 on the short strike makes a big difference in the breakeven.
VXX range today was 12.86 to 13.33 so far.

UVXY put rolldown

Bought to close UVXY Mar 19 2021 7.00 Puts / Sold to Open UVXY Mar 26 2021 6.5 Puts at $0.02 Credit.
Not waiting to see if the 7.0 Puts might expire tomorrow and the extra 0.50 on the short strike makes a big difference in the breakeven.
UVXY range today was 6.59 to 7.17 so far.

TQQQ

Bought to open 1 TQQQ Apr 30 2021 50 Put / Sold to Open 1 TQQQ Mar 26 2021 76 Put at $0.20 Credit.
I expect to get several writes against the long Put.
Short DTE = 8
Long DTE = 43
TQQQ is at 88

SPY Bull Diagonal

Bought to open 1 SPY Apr 09 2021 355.0 Put / Sold to Open 1 SPY Mar 19 2021 387.0 Put @ 0.07 Credit.
I should be able to get 4 or 5 re-writes against this long put if the first one expires Friday.

VXX Calls

The Fed killed the VIX rally and spiked the market higher. So I sold another set of calls against calls already long in the account and due to expire Friday:
VXX Mar 19 2021 13.50 Calls @ $0.40
VXX Mar 19 2021 14.00 Calls @ $0.28
VXX Mar 19 2021 14.50 Calls @ $0.19

VXX Calls

One last set of writes against calls already long in the account and due to expire Friday:
VXX Mar 19 2021 14.0 Calls @ $0.27
VXX Mar 19 2021 14.5 Calls @ $0.20
VXX Mar 19 2021 15.0 Calls @ $0.16
VXX Mar 19 2021 15.5 Calls @ $0.12
VXX Mar 19 2021 16.0 Calls @ $0.10

UVXY

The next split is overdue

Date / Ratio
03/08/2012 — 1 for 6
09/07/2012– 1 for 10
06/10/2013 — 1 for 10
01/24/2014 — 1 for 4
05/20/2015– 1 for 5
07/25/2016– 1 for 5
01/12/2017 — 1 for 5
07/17/2017– 1 for 4
09/18/2018– 1 for 5

UVXY’s Next Reverse Split? My Estimate: July 13th, 2021

GME Put

Sold 1 GME Mar 19 2021 45.0 Put at $0.38

SPY Rollup

A late surge forced me to roll this again
Bought to close 1 SPY Mar 15 2021 396.0 Call / Sold to Open 1 SPY Mar 17 2021 398.0 Call @ 0.58 Credit.

At 3:30 SPY was below 394.60 but rallied 2 points on 30 minutes

GME Puts

Sold to close 1 GME Mar 19 2021 90.0 Put @ 2.87. Bought it Thursday @ 2.85. So just a breakeven.
It was a hedge against a GME 03/12/2022 195.0 Put was sold Thursday @ 2.65 and that expired Friday.
Another #WinWin Spread