Started a new position in ALGN at its 52-week Low of $494.00
#SP500 #FallingKnife
Author Archives: Option Iceman
TNA Put
Sold 1 TNA Jan 21 2022 69.0 Diagonal Put at $2.20
#OnlySpreads
VXX Call Ladder
Beginning the process of replacing last week’s Calls
Sold 1 VXX Jan 21 2022 20.5 Diagonal Call at $0.70
Sold 1 VXX Jan 21 2022 21.0 Diagonal Call at $0.58
Sold 1 VXX Jan 21 2022 21.5 Diagonal Call at $0.46
Sold 1 VXX Jan 21 2022 22.0 Diagonal Call at $0.38
Sold VXX Jan 21 2022 22.5 Diagonal Calls at $0.30
Sold VXX Jan 21 2022 23.0 Diagonal Call at $0.25
Sold VXX Jan 21 2022 23.5 Diagonal Calls at $0.21
#DoubleDip
AES ATVI CHTR stock
Bought a tiny bit of AES at $22.60 to start a new position at the 52-week low
Bought a tiny bit of CHTR at $585.45 to start a new position at the 52-week low
#FallingKnife #SP500
Also, Microsoft announced they were buying ATVI at $95.00/share. I have a tiny bit of that too.
TSLA Put
Sold 1 TSLA Jan 21 2022 900.0 Put at $2.55 replacing a similar put a covered at a penny on Friday.
Paired with a couple of Bear Call spreads for this week.
#DoubleDip trade.
RIVN Diagonal Put Spread
Bought 1 RIVN Feb 18 2022 60.0 Put /Sold to Open 1 RIVN Jan 21 2022 75.0 Put at $0.40 Credit.
I have some excess long puts I could write against from earlier spreads of the stock implodes
XLV Puts
1 new spread and 1 re-write
Bought to Open XLV Mar 18 2022 117.0 Put / Sold to Open 1 XLV Jan 21 2022 132.0 Put at $0.12 Credit
Also sold some XLV Jan 21 2022 132.0 Puts at $0.83 as a #DoubleDip trade, replacing 132.5 puts that expired Friday
LABU long Put rolled
Rolled some long Puts from old spreads out more than a month since they expire this week.
I will keep writing against them.
Sold to close LABU Jan 21 2022 25 Puts at $2.32. Bought on 12/16/2021 at $1.18
Bought to Open LABU Mar 04 2022 20 Puts at $2.30
MARKETS
Already a big miss by GS
OptionsExpiration
Because of the weak market this week, mostly Calls expired and Puts had to be rolled. Short trading week next week.
Expired:
RIVN 90 Diagonal Call
RIVN 91 Diagonal Call
TLRY 10.50 Covered Calls
TNA 98/84 Bear Call Spread
TNA 82 Diagonal Call
TNA 81 Diagonal Call
TQQQ 95/80 Bear Call Spreads
TQQQ 79.50 Diagonal Calls
TQQQ 78.75 Diagonal Calls
TSLA 1,130 Diagonal Call
TSLA 840 Diagonal Put
TSLA 800 Diagonal Put
VXX 39/22 Bear Call Spreads
VXX 35/22 Bear Call Spread
VXX 21.5 Diagonal Calls
VXX 21.0 Diagonal Calls
VXX 20.0 Diagonal Calls
VXX 19.0 Diagonal Calls
VXX 18.50 Diagonal Calls – just barely
VXX 17.50 Diagonal Puts
VXX 17.00 Diagonal Puts
XVL 132.50 Diagonal Puts
New TSLA Call
Sold 1 TSLA Jan 21 2022 1150.0 Diagonal Call at $5.05.
Holding a long TSLA Feb 1200 call as a hedge.
#OnlySpreads
TSLA Call Closed
Bought to close 1 TSLA Jan 14 2022 1,100 Diagonal Call at $0.01.
Sold last Friday at $10.34 on a rollup from a Jan 07 2022 1015.0 Call.
Leaves a long Feb monthly Call unhedged and fully paid for.
XLV Puts rolled down again
Bought to close XLV Jan 14 2022 135.5 Puts/ Sold to Open XLV Jan 21 2022 135.0 Puts at $0.02 Credit and lowered the strike $0.50.
Sold these against March longs. Plenty of rolls left.
My short XLV 132.50 Puts will expire at least.
RIVN Puts Closed and Rolled
Bought to close 1 RIVN Jan 14 2022 75.0 Put at $0.01.
Sold on Monday at $2.36
This is at least a #TripleDip sale against a long Jan 65 put.
Rolled this week’s RIVN 83.0 Diagonal Puts to next week’s 80.0 puts for a $0.02 Credit.
My paired short diagonal Calls will expire.
#OnlySpreads
TSLA Put Closed
Bought to close 1 TSLA Jan 14 2022 900.0 Diagonal Put at $0.01.
Sold on Monday at $7.33.
Leaves a Long TSLA Feb 04 2022 730.00 Put that is fully paid for #Earnings Week
LABU Put Rolldown
Bought to close LABU Jan 14 2022 25.0 Puts / Sold to Open LABU Jan 21 2022 24.0 Puts at $0.05 Credit.
Rolled 32 and 34 Puts out a week for tiny credits.
TQQQ Put Rolldowns
Some strange strike prices from the split, but some great rolldowns of ITM contracts
Bought to close TQQQ Jan 14 2022 75.5 Puts / Sold to open TQQQ Jan 21 2022 74.75 Puts at $0.05 Credit
Bought to close TQQQ Jan 14 2022 74.5 Puts / Sold to open TQQQ Jan 21 2022 72.5 Puts at $0.05 Credit
Bought to close TQQQ Jan 14 2022 73.5 Puts / Sold to open TQQQ Jan 21 2022 70.5 Puts at $0.05 Credit
Bought to close TQQQ Jan 14 2022 72.5 Puts / Sold to open TQQQ Jan 21 2022 69.0 Puts at $0.27 Credit
At least all my paired short calls expire.
VXX Call Rolls
On the open:
Rolled VXX 01/14/2022 23.5 Calls to next week at $0.23 Credit
Rolled VXX 01/14/2022 23.0 Calls to next week at $0.28 Credit
Rolled VXX 01/14/2022 22.5 Calls to next week at $0.29 Credit
All my paired short puts for this week at 17.0 and 17.5 will expire
TSLA Call Rollup
Bought to close 1 TSLA Jan 14 2022 950.0 Call at $71.27. Sold on a rollup last Friday at $103.33.
Sold to Open 1 TSLA Jan 21 2022 965.0 Call at $72.67, so a 1.40 Credit and bumped the short strike up 15 points.
One more roll next Friday before #Earning
VXX Calls
New Diagonal for next week
Bought VXX Feb 18 2022 40.0 Calls at $0.40
Sold VXX Jan 21 2022 20.5 Calls at $0.44
VXX approaching 18.40
Short DTE = 8
Long DTE = 36
T Stock
Here’s one #FallingKnife stock that I actually bought 6 times as it fell from to $25.83 to $22.50.
Wasn’t too worried because of the low forward P/E and the generous dividend.
Selling off the first lot today at $27.00. (and it just went Ex-div on Jan 07, 2022)
Next sale attempt at 28.00, just above the falling 200-day moving average.
Former #FallingKnife
VXX Calls
Wrote against my last long VXX Calls
Sold VXX Jan 14 2022 18.5 Call at $0.25 and $0.26
TQQQ Call Rollup
Bought to close TQQQ Jan 14 2022 71.5 Calls / Sold to Open TQQQ Jan 21 2022 73.0 Calls at $0.05 Net Credit
Edit: I may have been early … again
It’s KOLD again
Bought KOLD Aug 19 2022 4.0 Put at $0.37
Sold to Open KOLD Jan 21 2022 8.0 Put at $0.62
Short DTE = 9
Long DTE = 219
KOLD Currently 8.23
CCL Stock
Sold my tiny bit of CCL at $22.38. Bought on 12/01 at $17.00 and was never able to average down.
Now I’m sure it will go much higher but it’s hard to pass up a 30% gain after only a month.
Former #FallingKnife
VXX Call
Used the tiny pop in VXX to sell more calls for this week. Partial offset to some really large short put positions.
Sold 1 VXX Jan 14 2022 19.0 Call at $0.30
Sold VXX Jan 14 2022 20.0 Calls at $0.19
VXX1 Puts
Continuing to liquidate the long side of some REALLY ancient #VXXContango trades. Sold next 2 lots and will try for higher prices.
Sold to close VXX1 Jan 21 2022 6.0 Puts at $1.66 and $1.70 .
New Life-of-contract high since the reverse split on VXX.
Bought these on 08/24/2020 at $0.66 and on 11/16/2020 at $0.32.
Equals $6.64 and $6.80 on the current strike 24 puts
TQQQ Call
Don’t want to get too heavy into this position this week because of the upcoming split.
Still, I sold 1 TQQQ Jan 14 2022 160.0 Diagonal Call at $1.00.
Hoping to keep my TQQQ Puts out of the money for 3 more days.
More VXX Puts
Selling a couple of my old #VXXContango long puts
Sold VXX Jan 21 2022 18.0 Puts at $1.00
Bought these last September at $0.80 and $0.90.
I still have a couple more of these long that I think I should hold on to until this week’s expiration is done.
TQQQ
Nice recovery today that is taking most of my short puts back out of the money. Still, I need it a bit higher.
Sold 1 TQQQ Jan 14 2022 157.5 Diagonal Call at $1.03
Sold 1 TQQQ Jan 14 2022 159.0 Diagonal Call at $0.93
#OnlySpreads
VXX Puts
Jan 21st is fast approaching.
I have some VXX1 long puts that are deep in-the-money but VXX could go much lower by expiration day.
So, I’m squeezing out as much additional time premium as I can by writing against them before they expire.
Sold VXX Jan 14 2022 17.0 Puts at $0.08
Sold VXX Jan 21 2022 16.5 Puts at $0.14, $0.15 and $0.17
Also added a new #VXXContango Spread
Bought to Open VXX Mar 18 2022 13.0 Puts / Sold to Open VXX Jan 21 2022 17.0 Puts at $0.04 Credit.
Long position DTE = 66
Short position DTE = 10
RIVN
Yesterday I sold 1 RIVN Jan 14 2022 75.0 Diagonal Put at $2.36.
Today I’m pairing that up with 1 RIVN Jan 14 2022 91.0 Diagonal Call at $1.69
VXX Puts
Paired with numerous call sales this morning
Sold VXX Jan 14 2022 17.5 Puts at $0.15, $0.16 & $0.17
TSLA Call
After the expiration of my TSLA 01/07/2022 1125.0 Diagonal Call on Friday I was left with a long TSLA Jan 21 2022 1200.0 Call trading at about 6 points. Since this position expires before #Earnings week I’m pretty certain that this position will expire worthless. It is more than paid for from previous writes against it since late November.
Instead of selling it, I’m chancing one more #DoubleDip write for this week. Who knows where it will be on Friday, but I sold some pretty aggressive TSLA puts this morning, so this will give me an extra diagonal Call spread to pair off with the puts.
Sold 1 TSLA Jan 14 2022 1,130.0 Call at $5.75
ROST TMUS TTWO Stock
Started a tiny new position in ROST at $103.60
Added to my TMUS position at $106.70
Back into TTWO at $140.80 after exiting it last October at $175.55.
All these buys were at new 52-week Lows (surprised that there weren’t more this morning)
#SP500
#FallingKnife
VXX Call Ladder
I have a bunch of excess long calls left over from last week’s diagonal spreads.
Starting to write against them
Sold 1 VXX Jan 14 2022 21.0 Call at $0.98
Sold 1 VXX Jan 14 2022 21.5 Call at $0.82
Sold 1 VXX Jan 14 2022 22.0 Call at $0.71
XLV Put spreads again
Bought to open XLV Mar 18 2022 115 Put / Sold to Open XLV Jan 14 2022 132.5 Put at $0.08 Credit
Bought to open XLV Mar 18 2022 116 Put / Sold to Open XLV Jan 14 2022 132.5 Put at $0.10 Credit
#OnlySpreads
TLRY
Sold TLRY Jan 14 2022 10.5 Covered Calls @ 0.08
TSLA
With two TSLA Bear Call Spreads already in place I added a couple of Diagonal Puts on the open.
Sold 1 TSLA Jan 14 2022 800.0 Put at $2.37 against an existing Jan 710 Put. #TripleDip
Bought to Open 1 TSLA Feb 04 2022 730.0 Put / Sold to Open 1 TSLA Jan 14 2022 900.0 Put at $0.55 Credit.
This gets one of my long put positions out past earnings.
Markets
NASDAQ at critical support
OptionsExpiration
For the third week in a row all my short VXX Puts and Calls expired along with numerous re-writes against worthless old VXX long positions.
The pull back flipped my TQQQ risk from the call side to the put side so I’m looking for a NASDAQ bounceback next week.
Expired:
LABU 01/07/2022 50/42 Bear Call Spreads
LABU 01/07/2022 36.50 Covered Calls
RIVN 01/07/2022 180/107 Bear Call Spread
TLRY 01/07/2022 9.5 Covered Call
TNA 01/07/2022 110/90 Bear Call Spread
TNA 01/07/2022 90.0 Diagonal Call
TNA 01/07/2022 85.0 Diagonal Call
TNA 01/07/2022 84.0 Diagonal Calls
TQQQ 01/07/2022 190/171 Bear Call Spreads
TQQQ 01/07/2022 190/167 Bear Call Spread
TSLA 01/07/2022 1125.0 Diagonal Call
VXX 01/07/2022 17.0 Diagonal Puts
VXX 01/07/2022 17.5 Diagonal Puts
VXX 01/07/2022 19.0 Diagonal Calls
VXX 01/07/2022 19.5 Diagonal Calls
VXX 01/07/2022 30/20 Bear Call Spread
VXX 01/07/2022 31/20 Bear Call Spread
VXX 01/07/2022 32/20 Bear Call Spread
VXX 01/07/2022 33/20 Bear Call Spread
VXX 01/07/2022 34/20 Bear Call Spread
VXX 01/07/2022 48/20.5 Bear Call Spreads
VXX 01/07/2022 49/21 Bear Call Spreads
VXX 01/07/2022 50/21 Bear Call Spreads
VXX 01/07/2022 50/21.5 Bear Call Spread
LABU XLV Put Rolls
Last trades for this week
Rolled my LABU 32 Put to next week for a $0.59 Credit
Rolled down my XLV 136 Puts to next week’s 135.50 Puts for a $0.14 Credit and gained $0.50 on the short strike.
VXX Puts
Looking to replace puts for this week that are just about to expire
Sold VXX 01/14/2022 17.0 Puts @ 0.07
Sold VXX 01/14/2022 17.5 Puts @ 0.15 and $0.16.
I’m long plenty of Jan 21st puts to hedge these.
#OnlySpreads
TQQQ Call Closed and Puts Rolled
Bought to close 1 TQQQ Jan 07 2022 153.0 Call at $0.01. Sold last Friday on a roll at $15.30
Rolled this week’s 153 puts down 2 points to next week’s 151 puts at $0.71 Credit
Rolled this week’s 152 puts down 3 points to next week’s 149 puts at $0.25 Credit
Rolled this week’s 151 puts down 4 points to next week’s 147 puts at $0.25 Credit
Rolled this week’s 150 puts down 5 points to next week’s 145 puts at $0.38 Credit
I have other TQQQ short calls that expire today too
A whole lota TSLA goin’ on
Bought to close TSLA 01/07/2022 885.0 Puts at $0.02
Closed both sides of my TSLA 880/1015 Diagonal Calendar Bull Put spread at a Credit of $1.75.
Sold this spread on Wednesday for a small Credit so a #WinWin as I had a gain on both sides of the spread.
Then I sold 1 TSLA Jan 14 2022 840.0 Diagonal Put at $1.60 against long Jan monthly Puts.
#OnlySpreads
TSLA Call major rollup
Bought to close 1 TSLA Jan 07 2022 1,015.0 Diagonal Call at $8.87. Sold on a rollup last Friday at $65.31.
Sold to Open 1 TSLA Jan 14 2022 1,100.0 Call at $10.24.
A credit of $1.37 and a giant 85 Point jump in the short strike. The new strike is above today’s high of 1080.93.
My long Feb TSLA Call has now been more than paid for as we approach #Earnings in a couple of weeks.
#OnlySpreads
RIVN Put Rolldown
Bought to close RIVN Jan 07 2022 90.0 Diagonal Puts / Sold to Open RIVN Jan 14 2022 83.0 Puts at $0.05 Credit but a 7 point lower strike.
At least my RIVN Bear call spread will expire today
GPN stock
Sold my oldest and highest cost lot of GPN at $153.57.
Bought it back on October 12th at $149.75, and 3 more times after that.
Former #FallingKnife
VXX Calls
Starting in on next week’s writes
Sold VXX Jan 14 2022 21.0 Diagonal Calls at $0.63 and at $0.74
#OnlySpreads
TSLA Call Rollup
Bought to close 1 TSLA Jan 07 2022 940.0 Diagonal Call at $103.31. Sold last week on a roll at $127.45.
Sold to Open 1 TSLA Jan 14 2022 950.0 Call at $103.33 for a tiny credit but bumped the short strike 10 points.
Still waiting to see how my TSLA 1015.0 short Straddle works out today.
HUM Stock
Started tiny a new position in Humana at yesterday’s panic low (and new 52-week low) of $358.28
LABU Put Rolldown
Bought to Close LABU Jan 07 2022 35.0 Puts / Sold to Open LABU Jan 14 2022 34.0 Puts at $0.05 Credit and lowered the strike a point.
TNA Put Rolldowns
Bought to close 1 TNA Jan 07 2022 84.0 Put / Sold to Open 1 TNA Jan 14 2022 81.0 Put at $0.02 Credit but lowered the strike 3 points
Bought to close 1 TNA Jan 07 2022 86.0 Put / Sold to Open 1 TNA Jan 14 2022 84.0 Put at $0.02 Credit but lowered the strike 2 points
TQQQ Call Rollup
Bought to close 1 TQQQ Jan 07 2022 140.0 Call at $9.00. Sold last week on a roll at $33.17.
Replaced it with 1 TQQQ Jan 14 2022 143.0 Call at $9.44 for a $0.44 Credit and a 3 point better short strike.
LABU Early Assignment
Bought 200 Shares of LABU at $45.00 when my Jan 07 puts were exercised overnight.
After the $8.50 put premium my adjusted cost will be 36.50.
I’ll start writing covered calls there and roll up on the next bounce.
VIX flys
VIX up over 17% today
VXX Calls
Sold against my last two uncommitted long VXX calls
Sold 1 VXX Jan 07 2022 19.5 Call @ 0.58
Sold 1 VXX Jan 07 2022 20.0 Call @ 0.46.
My large offsetting position in short VXX 17.50 puts is looking pretty good right now.
#VXXContango
TSLA Put
Sold 1 TSLA Jan 07 2022 1015.0 Diagonal Put at 1.68.
I have a short call I’ve been rolling at the same strike, so no downside worries.
#OnlySpreads
TWTR stock
Added a tiny new position in TWTR at $40.00.
Hate the company, not sure if the stock trade works out, but fits my #FallingKnife strategy.
Won’t buy again until $35
RIVN Diagonal Put
Bought to open 1 RIVN Feb 04 2022 70.0 Put / Sold to Open 1 RIVN Jan 07 2022 90.0 Put at $0.52 Net Credit.
I’m already short a RIVN 107 Call I sold yesterday at $2.72, so ahead of the game so far.
#OnlySpreads
Markets
Getting serious out there as the DJIA finally joins the party to the downside.
The VIX is above yesterday’s peak.
LABU Put
Sold 1 LABU Jan 07 2022 32.0 Diagonal Put at $1.25. The yearly low for LABU is 31.90 (so far …)
#OnlySpreads
TQQQ Put
Added to my position
Sold 1 TQQQ Jan 07 2022 150.0 Diagonal Put at $0.93.
I’m trying to force TQQQ down toward this strike so a bunch of my TQQQ short calls expire on Friday
Markets
Without comment
VXX1 Puts
Starting to liquidate the long side of ancient #VXXContango trades. Sold my oldest lot and will try for higher prices.
Sold to close VXX1 Jan 21 2022 6.0 Puts at $1.65. Life of contract high since the reverse split on VXX.
Bought this on 05/29/2020 at $0.48.
Equals $6.60 on the newer strike 24 puts
BAX Stock
Sold my tiny bit of BAX at $88.32. Bought this former #FallingKnife on 08/05 at $74.00 and was never able to average down.
In within pennies of the 52-week low and the 52-week high was this morning.
Former #FallingKnife
FDX Stock
Sold my highest cost lot in FDX at $265.50.
Bought this right around #Earnings on 09/28 at $230.00.
I’ll hang on to my last purchase at $225.00 for a much bigger move.
Former #FallingKnife
TWTR
Twitter makes my #FallingKnife list as the stock approaches $40.
Haven’t bought any just yet.
VXX Calls
Created a new diagonal call spread to pair off with all the puts spreads I have for this week.
Bought to open VXX Jan 28 2022 37.0 Calls at $0.28
Sold to Open VXX Jan 07 2022 19.0 Calls at $0.32 for a net credit of $0.04.
Hoping for another couple of re-writes against the long after Friday.
VXX topped out at 18.42
TSLA Put
Sold TSLA Jan 07 2022 885.0 Put at $0.52
A re-write against my long TSLA Jan 2022 710.0 put.
#DoubleDip
TQQQ Puts
Sold TQQQ Jan 07 2022 153.0 Diagonal Puts at $0.72
XLV Puts
Sold XLV Jan 07 2022 136.0 Puts at $0.37 and $0.42
A second write against some long March puts.
#DoubleDip
More VXX Puts
Sold VXX Jan 07 2022 17.5 Puts at $0.26.
Sold against existing long March 15.0 Puts.
I can roll the short if necessary.
VXX Puts
Sold a few VXX Jan 07 2022 17.0 Puts @ 0.08.
Will be watching these for further writes as the price rises.
I’ve got a huge bunch of LONG VXX1 (pre-split) Jan 21 2022 6.0 Puts that are currently in the money and have to be unloaded over the next 2 weeks, so I’m not too worried about the chance to write against them 1 more time.
It’s getting KOLD again
Bought another KOLD Aug 19 2022 6.0 Put at $0.50.
Sold another KOLD Jan 21 2022 11.0 Put at $0.70.
Created another Bull Calendar Put spread with a $0.20 Credit.
Long DTE = 228
Short DTE = 18
Options Bistro 