OptionsExpiration

The relentless rebound from Monday’s low really ruined a potentially big week.
Had to roll too many calls.
It may be better next week.
==Expired==
AMC 10/15/2021 20/34 Bull Put Spreads
KOLD 10/15/2021 6.0 Diagonal Put
LABU 10/15/2021 80/58 Bear Call Spread
LABU 10/15/2021 90/58 Bear Call Spread
LABU 10/15/2021 49.0 Diagonal Put
TLRY 10/15/2021 9.0 Diagonal Puts
TNA 10/15/2021 50/82 Bull Put Spreads
TQQQ 10/15/2021 70/119 Bull Put Spread
TNA 10/15/2021 80/120 Bull Put Spread
VXX 10/15/2021 71/40 Bear Call Spread
VXX 10/15/2021 70/39 Bear Call Spread
VXX 10/15/2021 69/38 Bear Call Spread
VXX 10/15/2021 61/37 Bear Call Spreads
VXX 10/15/2021 60/36 Bear Call Spreads
VXX 10/15/2021 59/35 Bear Call Spreads
VXX 10/15/2021 55/34 Bear Call Spreads
VXX 10/15/2021 45/32.5 Bear Call Spreads
VXX 10/15/2021 29.0 Covered Calls
VXX 10/15/2021 28.5 Covered Calls
VXX 10/15/2021 28.0 Covered Calls

VXX Puts

Last trade today
Bought to Close VXX Oct 15 2021 22.5 Puts at $0.01

AMC Call Rolls

Bought to close 1 AMC Oct 15 2021 37 .0 Call / Sold to Open 1 AMC Oct 22 2021 37.0 Call at $0.41 Credit
Bought to close 1 AMC Oct 15 2021 38 .0 Call / Sold to Open 1 AMC Oct 22 2021 39.0 Call at $0.01 Credit plus a point better on the strike.
Bought to close AMC Oct 15 2021 39 .0 Calls / Sold to Open AMC Oct 22 2021 40.0 Calls at $0.38 Credit plus a point better on the strike.
Bought to close AMC Oct 15 2021 40 .0 Calls / Sold to Open AMC Oct 22 2021 43.0 Calls at $0.09 Credit plus 3 points better on the strike.

TSLA Roll into Earnings

Bought to close 1 TSLA Oct 15 2021 810.0 Diagonal Call / Sold to Open 1 TSLA Oct 22 2021 830.0 at $0.10 Credit.
Still holding my December 1000 long call position

TQQQ Rollups and Rollout

Bought to close 1 TQQQ Oct 15 2021 134.0 Call at $0.85. Sold on 10/11 at $1.12.
To replace it, Sold to Open 1 TQQQ Oct 22 2021 139.0 Call at $1.07 (5 points higher for next week)

And later —
Bought to close 1 TQQQ Oct 15 2021 125.0 Call / Sold to Open 1 TQQQ Oct 22 2021 125.0 Call at $0.77 Credit.
Bought to close 1 TQQQ Oct 15 2021 127.0 Call / Sold to Open 1 TQQQ Oct 22 2021 128.0 Call at $0.05 Credit plus an extra point on the strike price.
Bought to close 1 TQQQ Oct 15 2021 133.0 Call / Sold to Open 1 TQQQ Oct 22 2021 136.0 Call at $0.24 Credit plus an extra 3 points on the strike price.

TNA Call Rollups

Bought to close 1 TNA Oct 15 2021 90.0 Call / Sold to Open 1 TNA Oct 22 2021 92.5 Call at $0.16 Credit plus a 2.5 point bump up in the short strike.
Bought to close 1 TNA Oct 15 2021 90.5 Call / Sold to Open 1 TNA Oct 22 2021 94.0 Call at $0.11 Credit plus a 3.5 point bump up in the short strike.

Markets

$703bn of single stock options will expire today (15-Oct), the 3rd highest notional for a non-January expiration.

2021-10-15_5-54-27

VXX Put Rolls

Bought to close VXX Oct 15 2021 23.5 Puts / Sold to Open VXX Oct 22 2021 23.5 Puts @ $0.31 Credit
Bought to close VXX Oct 15 2021 23.0 Puts / Sold to Open VXX Oct 22 2021 22.5 Puts @ $0.19 Credit plus an extra 0.50 improvement in the short strike.

KOLD Puts

Bought to close KOLD Oct 15 2021 7.0 Puts at $0.05. They won’t trade any lower.
Sold on 09/27 at $0.90 and again on 09/28 at $1.46.
I now have some free May 2022 Puts to write against for next month.

LABU Call Rollups

Bought to close 1 LABU Oct 15 2021 55.0 Call/ Sold to Open 1 LABU Oct 22 2021 58.0 Call at $0.05 Credit plus a 3 point bump in the short strike.

Bought to close 1 LABU Oct 15 2021 57.0 Call at 0.45. Sold on 10/11 at $0.92.
To replace it I sold 1 LABU Oct 22 2021 61.0 Call at $0.70.

VXX Calls

Bought to close VXX Oct 15 2021 28.0 Calls at $0.01. Sold these on 10/11 at $0.24 and $0.25

VXX1 Puts

With the drop in VXX this morning I’m liquidating some more long, profitable VXX pre-split Puts left over from ancient #VXXContango spreads.
Sold to close VXX1 Jan 21 2022 5.0 Puts at $0.52 (equal to strike 20 Puts at $2.08)
Bought these in the fall of 2020.
I have more that I will try to sell even higher.

VXX Puts rolled

Bought to close VXX Oct 15 2021 24.0 Puts / Sold to Open VXX Oct 22 2021 23.5 Puts at $0.02 Net Credit.
Gained $0.50 on the short strike

AMC & LABU Calls

Sold AMC Oct 15 2021 40.0 Diagonal Calls at $0.79
Sold LABU Oct 15 2021 58.0 Diagonal Calls at $0.73
#OnlySpreads

VXX1 Puts

With the drop in VXX this morning I’m liquidating some more long, profitable VXX pre-split Puts left over from ancient #VXXContango spreads.
Sold to close VXX1 Jan 21 2022 5.0 Puts at $0.46 (equal to strike 20 Puts at $1.84)
Bought these in the fall of 2020 at $0.13, $0.14 and $0.15.
I have more that I will try to sell even higher.

VZ Stock

Added to my position at another new low of $51.00
#SP500 #FallingKnife

TNA Strangle

Sold TNA Oct 15 2021 82.0 Puts at $0.78
Sold TNA Oct 15 2021 90.5 Calls at $0.39
#OnlySpreads

VXX1 Puts

Liquidating some long, profitable VXX pre-split Puts left over from ancient #VXXContango spreads.
Writing against them at this point makes no sense and they are very illiquid to boot.
Sold to close VXX1 Jan 21 2022 5.0 Puts at $0.41. (equal to strike 20 Puts at $1.64)
Bought these in the summer of 2020 at $0.27 and $0.29.
I have more at lower cost that I will try to sell higher.

AMC Strangle

Sold AMC Oct 15 2021 34.0 Puts at $0.26
Sold 1 AMC Oct 15 2021 37.0 Call at $1.04
Sold 1 AMC Oct 15 2021 38.0 Call at $1.27
#OnlySpreads

SLV Calls

Sold SLV Oct 15 2021 21.5 Calls at $0.07
Sold SLV Oct 22 2021 22.0 Calls at $0.11

SQQQ

Sold 1 SQQQ Oct 15 2021 8.5 Covered Call at $0.30

CTXS FIS GPN LW T

The broad averages are not showing it, but this is the most number of #SP500 stocks to hit new lows in a while.
All of these are currently paying dividends too.
Bought CTXS at $92.14
Bought FIS at $115.00
Bought GPN at $149.75
Bought LW at $55.00
Bought T at $25.83
Tiny buys – #FallingKnife trades

VXX Call

Puts sold this morning, Calls this afternoon
Sold VXX Oct 15 2021 28.0 Covered Calls at $0.23, $0.24 and $0.25
Sold VXX Oct 15 2021 28.5 Covered Calls at $0.22 & 0.23
Sold VXX Oct 15 2021 29.0 Covered Call at $0.21

LABU Call

Sold 1 LABU Oct 15 2021 57.0 Diagonal Call at $0.92 replacing the 54 Calls that expired Friday

VZ Stock

Bought a bit of this high yield #SP500 stock at a new low of $53.19.
#FallingKnife

TNA

Sold 1 TNA Oct 15 2021 90.0 Diagonal Call at $1.05 replacing the 88.0 Call that expired Friday.
The new strike is above last week’s high.

VXX Puts

Some new #VXXContango trades.
Bought to open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Oct 15 2021 24.0 Puts at $0.05 Credit
Long DTE = 466
Short DTE = 4

Bought to open VXX Nov 19 2022 5.0 Puts / Sold to Open VXX Oct 15 2021 23.5 Puts at $0.05 Credit
Long DTE = 403
Short DTE = 4

SQQQ SLV

Sold 1 SQQQ Oct 22 2021 9.0 Covered Call at $0.23.
Sold SLV Oct 15 2021 21.5 Covered Calls at $0.09

TQQQ

Sold 1 TQQQ Oct 15 2021 134.0 Diagonal Call at $1.12 replacing calls expired on Friday.
The strike is above last week’s high.

OptionsExpiration

Another pretty good week. FYI: Bond markets closed on Monday.

==Expired==
AMC 10/08/2021 20/33 Bull Put Spreads
LABU 10/08/2021 54.0 Diagonal Calls
LABU 10/08/2021 51.0 Diagonal Put
LABU 10/08/2021 50.0 Diagonal Put
SQQQ 10/08/2021 8.5 Covered Calls
TLRY 10/08/2021 13.5 Diagonal Calls #Earnings
TLRY 10/08/2021 13.0 Covered Calls #Earnings
TLRY 10/08/2021 10.0 Diagonal Puts #Earnings
TLRY 10/08/2021 9.5 Diagonal Puts #Earnings
TNA 10/08/2021 88.0 Diagonal Call
TQQQ 10/08/2021 132.0 Diagonal Call
TQQQ 10/08/2021 131.0 Diagonal Call
TQQQ 10/08/2021 130.0 Diagonal Call
VXX 10/08/2021 45/34 Bear Call Spread
VXX 10/08/2021 34.0 Diagonal Calls
VXX 10/08/2021 33.0 Diagonal Calls
VXX 10/08/2021 32.0 Diagonal Calls
VXX 10/08/2021 31.0 Diagonal Calls
VXX 10/08/2021 28.0 Covered Calls

==Assignments==
SLV 10/08/2021 23.0 Puts. – adjusted cost after put premium = $20.50

LABU Put

Bought to close 1 LABU Oct 08 2021 52.0 Put at $0.20 as it dropped in the money. Sold last Friday at $1.40.
Replaced it with 1 LABU Oct 15 2021 49.0 Put at $1.25.

VXX Puts

Bought to close VXX Oct 08 2021 24.5 Puts at $0.01.
#VXXContango trade.

TSLA Call Roll

Bought to close 1 TSLA Oct 08 2021 810.0 Call at $0.01. Sold last Friday at $7.05.

Sold to Open 1 TSLA Oct 15 2021 810.0 Call at $6.81.
This is the 3rd write against my long December 1000.0 Call. I’ve recovered over twice the purchase price.
#TripleDip

LABU Call Roll

Bought to close 1 LABU Oct 08 2021 54.0 Call at $0.04. Sold this one on 10/07 at $0.57. I sold others higher.

To replace it, Sold to Open 1 LABU Oct 15 2021 55.0 Call at $1.14.

Still waiting out other puts and calls until the close

VXX Covered Calls

Bought to close VXX Oct 08 2021 35.0 Calls at $0.01. Sold at an average of $0.98

VXX Put Roll

I obviously didn’t see this market rebound coming on Monday so I have some VXX Puts to roll.
Bought to Close VXX Oct 08 2021 25.5 Puts/ Sold to Open VXX Oct 15 2021 25.0 Puts at $0.17 Credit plus gained a $0.50 better strike

TQQQ Put Rolldowns

While I was rolling up my call, I was rolling down my 2 puts

Bought to close 1 TQQQ Oct 08 2021 123.0 Put at $0.14. Sold last week at $2.75.
Bought to close 1 TQQQ Oct 08 2021 124.0 Put at $0.17. Sold last week at $3.51.

Sold to open 1 TQQQ Oct 15 2021 119.0 Put at $1.31 and
Sold to open 1 TQQQ Oct 15 2021 120.0 Put at $1.49 to replace them.

So for next week I have short TQQQ 119/125 and 120/127 short strangles

TQQQ Call Rollup

Bought to close 1 TQQQ Oct 08 2021 124.0 Call at $5.81. Sold on a rollup on 09/29 at $7.02.

Sold to Open 1 TQQQ Oct 15 2021 127.0 Call at $5.88 to replace the position just covered at a small credit and a 3 point bump in the short strike.

Felling a bit better about my 130, 131 and 132 Calls that expire this afternoon.

VXX Covered Call

Bought to close 1 VXX Oct 08 2021 36.0 Covered Call at $0.02. Sold at $1.22

TQQQ Call Rollup

Bought to close 1 TQQQ Oct 08 2021 123.0 Call at $7.65. Sold on a rollup on 09/29 at $8.69.
The short TQQQ 123.0 Put paired with it looks to expire tomorrow.

Sold to Open 1 TQQQ Oct 15 2021 125.0 Call at $7.90 to replace the position just covered at a small credit and a 2 point bump in the short strike

LABU TQQQ VXX – 1dte

Sold LABU Oct 08 2021 54.0 Calls at $0.95
Sold 1 TQQQ Oct 08 2021 132.0 Call at $1.49
Sold VXX Oct 08 2021 25.0 Puts at $0.18 and $0.22

VXX1 Puts

Dumping the last of my long VXX Pre-split 4.0 Puts at a small gain. There is really no good way to write against these anymore.
Sold VXX1 Jan 21 2022 4.0 Puts at $0.14.
The wonders of limit orders 🙂
#VXXContango

TLRY Options

#Earnings just around the corner and both the put and call premiums for Friday suddenly expanded in the last few minutes.
Sold TLRY Oct 15 2021 9.0 Puts at $0.25.
Sold TLRY Oct 08 2021 9.5 Puts at $0.28.
Sold TLRY Oct 08 2021 13.0 Calls at $0.26.
Sold TLRY Oct 08 2021 13.5 Calls at $0.13.
Stock at $10.90 down $0.20

VXX Puts

Sold 1 VXX Oct 08 2021 25.5 Put at $0.25. It traded as low as $0.07 this morning.
Paired with a whole bunch of short VXX 28.0 Calls sold this morning and hedged with plenty of long puts in 2022.

AMGN Stock

Another #SP500 stock hits a new low.
Bought a bit of AMGN at $210
#FallingKnife

#Gamma Can anyone explain the…

#Gamma
Can anyone explain the Gamma effect to me?

2021-10-06_5-54-56

TLRY Puts

Sold TLRY Oct 08 2021 10.0 Puts at $0.26
Paired with the short TLRY Oct 08 2021 13.0 and 13.5 Calls sold yesterday.
#Earnings tomorrow

FIS INCY MKTX stock

Bought a tiny bit of these at fresh 52-week lows
FIS @ $119.17
INCY @ $64.88
MKTX @ $404.00
#SP500 #FallingKnife

VXX Calls

Sold VXX Oct 08 2021 28.0 Covered Calls at $0.66 and again at $0.78.

Took some of the cash and bought one more Jan 21 2022 18.0 Put at $0.60.
#VXXContango

TNA Call

Sold 1 TNA Oct 08 2021 88.0 Call at $1.29

TQQQ Call

Sold 1 TQQQ Oct 08 2021 130.0 Call at $1.01

KOLD Diagonal Spread

Bought to Open 1 KOLD May 20 2022 3.0 Put at $0.90
Sold to Open 1 KOLD Oct 15 2021 6.0 Put at $0.95.
We will see if the Nat Gas rally is still on in 9 trading days.
Pretty low risk speculation.

TLRY

Sold TLRY Oct 08 2021 13.0 Covered Calls at $0.15
Sold TLRY Oct 08 2021 13.5 Covered Calls at $0.11

PCAR – Paccar Inc

Bought a tiny bit of PACR at a new low of $78.00 on the open and at a new low.

#SP500 #FallingKnife

IPGP – IPG Photonics Corp

Bought a tiny bit of IPGP at a new low of 156. It went a it lower after the open.
I’ll add at 150 if it gets there.
#SP500 #FallingKnife

LABU Put

Sold 1 LABU Oct 08 2021 50.0 Put at $1.55.
Replaces the short LABU 55.0 put from last week that I covered a a nickel.
#DoubleDip

AMC Puts

Sold AMC Oct 08 2021 33.0 Puts at $0.39.
Replacing the short AMC 36 puts that expired Friday.
I’ve got short calls at 29 and 30 that I’ve been rolling forward for weeks so not too worried about the downside.

VXX

Sold VXX Oct 08 2021 33.0 Calls at $0.35.
Took part of the cash and Bought 1 VXX Jan 21 2022 18.0 Put at $0.70
#VXXContango

OptionsExpiration

A pretty good week

==EXPIRED==
AMC 10/01/2021 21/36 Bull Put Spread

LABU 10/01/2021 90/66 Bear Call Spread
LABU 10/01/2021 80/65 Bear Call Spread
LABU 10/01/2021 75/64 Bear Call Spread

TLRY 10/01/2021 20/13 Bear Call Spreads
TLRY 10/01/2021 12.5 Diagonal Calls
TLRY 10/10/2021 12.5 Covered Calls

TNA 10/01/2021 105/94 Bear Call Spread
TNA 10/01/2021 93.0 Diagonal Call
TNA 10/01/2021 92.0 Diagonal Call
TNA 10/01/2021 90.0 Diagonal Call

TQQQ 10/01/2021 146.0 Diagonal Calls
TQQQ 10/01/2021 120.0 Diagonal Puts
TQQQ 10/01/2021 80/119 Bull Put Spread

VXX 10/01/2021 35.0 Diagonal Calls
VXX 10/01/2021 34.0 Diagonal Call
VXX 10/01/2021 33.0 Diagonal Call
VXX 10/01/2021 32.5 Diagonal Call
VXX 10/01/2021 32.0 Diagonal Call
VXX 10/01/2021 31.5 Diagonal Call
VXX 10/01/2021 31.0 Diagonal Call
VXX 10/01/2021 30.5 Diagonal Call
VXX 10/01/2021 30.0 Diagonal Call
VXX 10/01/2021 29.5 Diagonal Call
VXX 10/01/2021 29.0 Diagonal Call
VXX 10/01/2021 28.0 Diagonal Calls
VXX 10/01/2021 27.0 Diagonal Calls
VXX 10/01/2021 25.0 Diagonal Put #VXXContango
VXX 10/01/2021 23.5 Diagonal Puts #VXXContango

SQQQ Covered Call

Bought to close 1 SQQQ Oct 01 2021 8.5 Call at $0.02.
Replaced it with 1 SQQQ Oct 08 2021 8..5 Call at $0.29 for next Friday.

TQQQ Put Roll again

Bought to close 1 TQQQ Oct 01 2021 128.0 Diagonal Put at $0.96. Sold on 09/28 for $2.29
Replaced it with 1 TQQQ Oct 08 2021 123.0 Put at $2.75.
This gives me a short TQQQ 123 straddle for next Friday with a total premium of $11.44

All the rest of my short TQQQ Calls and Puts will expire.

LABU Put Closed

Bought to close 1 LABU Oct 01 2021 55.0 Put at $0.05. It won’t trade any lower.
Sold at $0.82.
All my calls for this week will still be expiring.

LABU Put Roll

Bought to close 1 LABU Oct 01 2021 56.0 Diagonal Put / Sold to Open 1 LABU Oct 08 2021 52.0 Put at $0.65 Credit plus a 4 point drop in the short strike

TQQQ Put Roll

Bought to close 1 TQQQ Oct 01 2021 129.0 Diagonal Put / Sold to Open 1 TQQQ Oct 08 2021 124.0 Put at $0.56 Credit plus a big 5 point drop in the short strike.

This gives me a short TQQQ 124.0 straddle with a total premium of $10.53 for next Friday.

TSLA Call

Bought to close 1 TSLA Oct 01 2021 Diagonal 800.0 Call at $0.05. Sold this on 9/27 at $10.50.

To replace it I sold 1 TSLA Oct 08 2021 810.0 Call at $7.05.
This is the 2nd write against my ( now free ) long December 1000.0 Call which I also bought on 9/27.
#DoubleDip

VXX Call rolls

Bought to Close 1 VXX Oct 01 2021 34.0 Covered Call at $0.02. Sold on 08/16 at $2.05.
Bought to Close 1 VXX Oct 01 2021 35.0 Covered Call at $0.02. Sold on 09/13 at $1.02.
Bought to Close 1 VXX Oct 01 2021 45.0 Covered Call at $0.01. Sold on 08/16 at $1.09.

To replace them I sold this #OptionLadder :
VXX Oct 08 2021 35.0 Call at $0.38.
VXX Oct 15 2021 34.0 Call at $0.99.
VXX Oct 22 2021 35.0 Call at $1.31 .
VXX is still below 28

VRTX stock

Added a tiny bit to my VRTX stock position at a new 52-week low at $180.00
#SP500 #FallingKnife

BF/B BROWN FORMAN CORP CLASS B

One more stock buy at the close – A tiny buy at $67
Goodbye September!
#SP500 #FallingKnife

Markets

Time to BTFD??
2021-09-30_9-14-51

AMC options have gone crazy

Sold AMC Oct 01 2021 75.0 Call at $0.47
Sold AMC Oct 01 2021 55.0 Call at $0.78
AMC is at 40 and peaked at 41.50 and these expire tomorrow 🙂

FDX Stock

Added to my tiny FDX stock position at $220.00 and at a new 52-week low.
Last week’s earnings report is still affecting the stock.
#SP500 #FallingKnife

MKC Stock

Bought a bit of MKC at a new low of 81.00.
Earnings just reported.
#SP500 #FallingKnife

SLV early assignment

Bought 100 SLV when 1 of my short 23 puts was assigned early.
Adjusted cost on the stock after put premium is about $21.18.

Of course a new 52-week low today at $19.83.
I’ll hold it and write covered calls on any rebound.

TQQQ early Call Rollup

Rolled half my position up.
Bought to close TQQQ Oct 01 2021 121.0 Call at $8.46. Sold last week for $17.05

Sold to Open 1 TQQQ Oct 08 2021 123.0 Call at $8.69.

VXX Put

Bought another VXX Mar 18 2022 15.0 Put at $0.69
171 Days to expiration