1 SPY May 21 2024 525/528 Bull Put Spread – Sold yesterday at $0.28
1 SPY May 21 2024 533.0 Diagonal Call – sold yesterday at $0.37
Author Archives: Option Iceman
VXX BOIL
Long Term #VXXContango
Bought one more VXX Jan 17 2025 5.0 Put at $0.15.
Sold 1 VXX May 24 11.5 Put at $0.35.
Bought 1 VXX Jan 17 2025 6.0 Put at $0.35.
Sold 1 VXX May 24 11.5 Put at $0.41.
I’ll roll the shorts every week until we have a VIX rally (someday)
Rolled 1 BOIL May 24 2024 18.0 Covered Call to 1 BOIL May 31 2024 18.5 Covered Call at $0.09 Credit
Rolled 1 BOIL May 24 2024 19.0 Covered Call to 1 BOIL Jun 07 2024 20.0 Covered Call at $0.27 Credit
Rolled 1 BOIL May 24 2024 20.0 Covered Call to 1 BOIL Jun 14 2024 22.0 Covered Call at $0.36 Credit
Raised the potential exit price on BOIL more than 5%.
As a bit of a kicker, Sold 1 BOIL Jun 07 2024 28/23 Bear Call Spread at $0.87 Credit
GLW BMY WBA Tiny trades
Sold out of my GLW when it hit the 52 week high at $36.02
#FormerFallingKnife
Bought Tiny bits of BMY and WBA at new lows
BMY at $43.00 – Div = 5.53%
WBA at $16.75 – Div = 5.61%
#FallingKnife
NVDA Puts
Sold 1 NVDA May 24 2024 800/805 Bull Put Spread at $0.33 Credit
SPY Puts
Starting a new Put Ladder:
Sold 1 SPY May 21 2024 525/528 Bull Put Spread at $0.28 Credit
Sold 1 SPY May 22 2024 524/527 Bull Put Spread at $0.49 Credit
Sold 1 SPY May 23 2024 523/526 Bull Put Spread at $0.45 Credit
Sold 1 SPY May 24 2024 521/524 Bull Put Spread at $0.38 Credit
GME NUE Puts
Sold 1 GME May 31 2024 / GME May 24 2024 10/16.5 Diagonal Bull Put Spread at $0.69 Credit
Sold 1 GME May 24 2024 10/17.5 Bull Put Spread at $0.99 Credit
Sold 1 NUE May 24 2024 162.5/170 Bull Put Spread at $1.03 Credit
CMG – Trying again
Sold 1 CMG May 24 2024 3075/3100/3275/3300 Iron Condor at $5.17 Credit
GME Calls
Sold 1 GME May 24 2024 41/31 Bear Call Spread at $0.62 Credit
Paired with some Bull Put spreads
CFG stock
Sold 1 tiny bit more of CFG at $37.28 (A new high)
Bought in May 2023 at $26.32
#FormerFallingKnife
OptionsExpiraton
Spreads:
SPY 506/511 Bull Put Spread ( out of SPY puts – need to reload )
CMG 3050/3100 Bull Put Spread
GME 34/30 Bear Call Spread
GME 57/53 Bear Call Spread
GME 57/55 Bear Call Spread
GME 70/62 Bear Call Spread
GME 75/70 Bear Call Spread
GME 18/20 Bull Puts Spread
GME 19.5 Diagonal put
NUE 185/180 Bear Call Spreads
NUE 185/182.5 Bear Call Spread
SBUX 80/78 Bear Call Spread
SBUX 67.5/74 Bull But Spread
UPS 149 Diagonal Put
UPS 143/148 Bull Put Spreads
UPS 155/150 Bear Call Spreads
UPS 155/152.5 Bear Call Spread
Covered Calls:
BMY 46 Call
CVS 59, 60 and 61 Calls
GILD 69 Call
SBUX 77 Call
VFC 13.5 Call
VTRS 13 Call
VXX 13 Calls
WBA 19 Call
Assignments:
NWL 8 Covered Call — stock was put to me at $7.00
I would have had one more big expiration:
CMG 3000/3070/3230/3300 Short Iron Condor but Fidelity risk management chose to cover it at 3:30 even though all sides were safely out of the money.
They spent $200.00 plus commissions to cover a worthless position
SBUX Covered call rolls
Rolled 1 SBUX 05/17/2024 77.0 Call to 1 SBUX 05/24/2024 77.0 Covered Call at $0.39 Credit
Rolled UP SBUX 05/17/2024 77.0 Calls to 1 SBUX 05/24/2024 78.0 Covered Calls at $0.23 Credit early in the day, and at $0.24 Credit much later in the day with the 77 Calls in the money
GME Calls closed – Puts rolled
Bought 1 GME 05/17/2024 65/60 Bear Call Spread at $0.01 – sold Wednesday at $0.33
Rolled 1 long GME 05/17/2024 22.00 Put to 1 GME 05/24/2024 18.0 Put at $0.46 Credit
$1.47 profit on the old long
Hoping for a bounce to roll down the short put
Edit: rolled several profitable long puts down to next week – all for credits
GME yet again
Bought 1 GME May 24 2024 14.0 Put / Sold 1 GME May 17 2024 22.5 Put at a diagonal credit of $0.12
SPY Expiration
1 SPY May 16 2024 507/512 Bull Put Spread – sold at $0.37
1 SPY May 16 2024 533/531 Bear Call Spread – sold this morning at $0.42 Credit
Rolled my SPY 527 Call out to tomorrow at $0.30 Credit
BOIL Calls
In addition to my covered calls for next week, I sold the following spread:
Sold 1 BOIL May 24 2024 25/20.5 Bear Call Spread at $0.25 Credit
META closed
Bought to close 1 META May 17 2024 437.5/442.5 Bull Put Spread at $0.01.
Sold Tuesday at $0.27
SPY Expiration
1 SPY 508/513 Bull Put Spread
1 SPY Diagonal 530 Call
Rolled my SPY 527 Call out to tomorrow at $0.52 Credit
CMG VIX Puts
Sold 1 CMG May 17 2024 3050/3100 Bull Put Spread at $0.85 Credit.
Sold 1 VIX May 22 2024 10/12.5 Bull Put Spread at $0.18 Credit.
More GME
Sold 1 GME May 17 2024 18/22/62/70 Short Iron Condor at $0.78 Credit
GME Calls
Sold 1 GME 05/17/2024 65/60 Bear Call Spread at $0.33 Credit
$GME and $AMC were halted…
$GME and $AMC were halted 34 times today combined…
GameStop
▪ +100% pre-market
▪ +62% at EOD
AMC
▪ +120% pre-market
▪ +32% at EOD
CMG Puts
Sold 1 CMG May 17 2024 3000/3070 Bull Put Spread at $0.85 Credit
SPY Expiration
1 SPY 05/14/2024 510/515 Bull Put Spread – sold on Friday at $0.32
SPY Calls Rolled
Never thought I would have to roll these calls up (again).
Turned the new spread into a 1 day diagonal to account for Fed driven volatility tomorrow
Bought to close 1 SPY 526/523 Bear Call Spread then
Sold to open 1 SPY May 16 2024 533 / SPY May 15 2024 527 Diagonal Bear Call Spread at $0.06 Credit on the rollup
SE
Bought to close 1 SE May 17 2024 45 Put at $0.01. Sold yesterday at $0.32
#Earnings were a non-event
GME Puts
Sold 1 GME May 17 2024 26/30 Bull Put Spread at $0.85 Credit
This crazy run up will probably last a few more days
NUE Call Spread
Sold 1 NUE May 17 2024 185/180 Bear Call Spread at $0.28 Credit
META SBUX AMC TZA Puts
Sold 1 META May 17 2024 437.5/442.5 Bull Put Spread at $0.27 Credit
Sold 1 SBUX May 24 2024/May 17 2024 69/74 Diagonal Bull Put Spread at $0.14 Credit
Sold 1 TZA May 17 2024 16.0 Put at $0.11
Sold 1 AMC May 17 2024 3.0 Put at $0.06
SPY Expiration
1 SPY 05/13/2024 513/517 Bull Put Spread – sold Friday at $0.34
VIX Index Options
Sold 1 VIX May 22 2024 20/15.5 Bear Call Spread at $0.20 Credit
Sold 1 VIX May 22 2024 12.5 Put at $0.09
Small Puts
Sold 1 WMT May 17 2024 55 Put at $0.06
Sold 1 GME May 17 2024 12 Put at $0.08
Sold 1 URA May 17 2024 29.5 Put at $0.10
Sold 1 SONY May 17 2024 65 Put at $0.15
Sold 1 SE May 17 2024 45 Put at $0.32
#EveryLittleBitHelps
SPY Puts
Extending my Put Ladder
Sold 1 SPY May 17 2024 506/511 Bull Put Spread at $0.35 Credit
Sold 1 SPY May 16 2024 507/512 Bull Put Spread at $0.37 Credit
Sold 1 SPY May 15 2024 508/513 Bull Put Spread at $0.39 Credit
BOIL CFG CVS FIS GILD VFC VXX WBA
Sold 1 BOIL May 17 2024 17 Covered Call at $0.15
Sold 1 CVS May 17 2024 61.0 Covered Call at $0.08
Sold 1 VFC May 17 2024 13.5 Covered Call at $0.05
Sold 1 WBA May 17 2024 19.0 Covered Call at $0.04
Sold VXX May 17 2024 13.0 Covered Calls at $0.09
Sold 1 GILD May 24 2024 17 Covered Call at $0.18
Sold tiny bits of some old #FallingKnife stocks at 52 week highs:
Sold CFG at $36.38
Sold FIS at $75.71 and $76.05
Earnings Week of May 13th
BMY after hours
Despite closing at 44.94, I got a tiny fill on BMY at $43.00 after hours.
OptionsExpiration
Another active #Earnings driven week, That’s about done for this quarter.
Spreads:
AKAM 78/83 Bull Put Spread
CAVA 66/71/81/85 Iron Condor
CMG 3120/3140 Bull Put Spread
DIS 98/103 Bull Put Spread
HIMS 19.5/15.5 Bear Call Spread
HIMS 19/15 Bear Call Spread
HIMS 18.5/14.5 Bear Call Spread
NUE 167.5/172.5 Bull Put Spreads
NUE 175 Diagonal Call
PLTR 16/20/29/33 Iron Condor
SBUX 70/71 Bull Put Spread
SBUX 71 Diagonal Put
SHOP 53/57 Bull Put Spread
SHOP 52/56 Bull Put Spread
UPS 160/148 Bear Call Spreads
UPS 144 Diagonal Put
VXX 18/13 Bear Call Spread
VXX 22/16 Bear Call Spreads
WYNN 86/91 Bull Put Spread
Covered Calls:
BOIL 16.5 Call
CVS 59 Call
CVS 60 Call
GILD 69 Call
SBUX 80 Call
VXX 13 Calls
Assignments:
CLF 19.5 Put
SPY Expiration
1 SPY 05/10/2024 516/519 Bull Put Spread – sold today at $0.30
CLF Put
Bought to close 1 CLF May 10 2024 17.5 Put at $0.01. Sold on a roll last week at $0.67
Starting a new SPY Put Ladder
Sold 1 SPY 05/10/2024 516/519 Bull Put Spread at $0.30 Credit
Sold 1 SPY 05/13/2024 513/517 Bull Put Spread at $0.34 Credit
Sold 1 SPY 05/14/2024 510/515 Bull Put Spread at $0.32 Credit (paired with the calls sold yesterday)
Markets today
SPY Expiration
1 SPY 05/09/2024 490/495 Bull Put Spread – sold at $0.40
1 SPY 05/09/2024 470/480 Bull Put Spread – sold at $0.60
These are the last of my SPY Puts
I need to reload
SPY Calls
Sold 1 SPY 05/14/2024 526/523 Bear Call Spread at $0.59 Credit
BMY Covered Call Ladder
Sold 1 BMY May 31 2024 47.0 Covered Call at $0.18
Sold 1 BMY May 24 2024 46.5 Covered Call at $0.14
Sold 1 BMY May 17 2024 46.0 Covered Call at $0.09
#EveryLittleBitHelps
AKAM Puts
Sold 1 AKAM May 10 2024 78/83 Bull Put Spread at $0.27 Credit
#Earning tonight
CMG Puts
Sold 1 CMG May 10 2024 3120/3140 Bull Put Spread at $1.36 Credit
Paired off with short call spread sold on Monday
AKAM SONY TRIP small Puts
Sold 1 AKAM May 10 2024 78 Put at $0.10
Sold 1 SONY May 10 2024 74 Put at $0.10
Sold 1 TRIP May 10 2024 17 Put at $0.10
SPY Expiration
1 SPY 05/08/2024 470/480 Bull Put Spread – sold at $0.55
SBUX Covered Call
Sold 1 SBUX May 17 2024 77 Call at $0.23
SHOP Puts
Sold 1 SHOP May 10 2024 53/57 Bull Put Spread at $0.29 Credit
Sold 1 SHOP May 10 2024 52/56 Bull Put Spread at $0.17 Credit
#PostEarnings
SPY QQQ Expiration
1 SPY 05/07/2024 480/485 Bull Put Spread – sold at $0.53
1 QQQ May 07/2024 405/415 Bull Put Spread – rolled down to this May 1st
WYNN Puts
Sold 1 WYNN May 10 2024 86/91 Bull Put Spread at $0.25 Credit
#Earnings tonight
SBUX Diagonal Puts
Bought 1 SBUX May 17 2024 66 Put / Sold 1 SBUX May 10 2024 71.0 Put for a diagonal credit of $0.22.
UPS Diagonal Puts
Bought 1 UPS 05/17/2024 139 Put / Sold 1 UPS 05/10/2024 144 Put at $$0.41 Credit
CAVA DIS Put Spreads
Sold 1 CAVA 05/10/2024 66/70 Bull Put Spread at $0.41 Credit
Sold 1 DIS 05/10/2024 98/103 Bull Put Spread at $0.31 Credit
DIS is #PostEarnings
SPY Expiration
1 SPY 05/06/2024 491/496 Bull Put Spread – sold at $0.32
1 SPY 05/06/2024 489/494 Bull Put Spread – sold at $0.35
1 SPY 05/06/2024 480/485 Bull Put Spread – sold at $0.49
SBUX Diagonal Puts
Bought 1 SBUX May 17 2024 67.5 Put / Sold 1 SBUX May 10 2024 72.0 Put for a diagonal credit of $0.26.
HIMS Call Spread
Sold 1 HIMS 19.5/15.5 Bear Call Spread at $0.28 Credit
#Earnings
PLTR Iron Condor
Off topic
https://www.cnbc.com/2024/05/06/renters-hopes-of-being-able-to-buy-a-home-have-fallen-to-a-record-low-new-york-fed-survey-shows.html
NY FED: FEB. YEAR-AHEAD EXPECTED RENT CLIMB AT 9.7% VS. FEB. 2023’S 8.2%
NY FED: EXPECTED YEAR-AHEAD RENT CLIMB SECOND HIGHEST IN SURVEY HISTORY
BMY CVS GILD SBUX Covered Calls
Sold 1 BMY May 10 2024 45.5 Covered Call at $0.09
Sold CVS May 10 2024 59.0 Covered Calls at $0.06 and $0.07
Sold 1 GILD May 17 2024 69.0 Covered Call at $0.07
Sold 1 SBUX May 10 2024 77.0 Covered Call at $0.09
Sold 1 SBUX May 10 2024 80.0 Covered Call at $0.07
#EveryLittleBitHelps
SPY Call Rollup
On April 26th I rolled a VERY old SPY 04/26/2024 520/505 Bear Call Spread to 1 SPY 05/06/2024 520/510 Bear Call Spread at $0.14 Credit.
Now I’m rolling again:
Rolled 1 SPY 05/06/2024 520/510 Bear Call Spread to 1 SPY 05/20/2024 530/515 Bear Call Spread at $0.16 Credit.
Pushed the short Call back out of the money for now.
CMG Diagonal Call
Bought 1 CMG May 17 2024 3,300 Call / Sold 1 CMG May 10 2024 3,200 Call at $6.70 Credit
VXX Long term diagonal Put
Bought 1 VXX Jan 17 2025 5 Put / Sold 1 VXX May 10 2024 125 Put at $0.09 Credit
Hoping to pick up another free long position by Friday
#VXXContango
This week’s earnings
OptionsExpiration
Another earning driven week. Huge declines in SBUX, CVS and BMY caused me to take some stock
Spreads:
SPY 485/490 Bull Put Spread
SPY 489/494 Bull Put Spread
SPY 492/497 Bull Put Spread
AMD 135/140 Bull Put Spread
BMY 41/43.5 Bull Put Spread
CMG 3035/3045 Bull Put Spread
CMG 3040/3050 Bull Put Spread
COIN 180/185/285/290 Short Iron Condor
CVNA 55/60 Bull Put Spread
DJT 60/55 Bear Call Spread
DJT 70/65 Bear Call Spread
EBAY 44/48 Bull Put Spread
HSY 170/175 Bull Put Spread
MGM 34/38 Bull Put Spread
MMM 80/85 Bull Put Spread
QQQ 411/416 Bull Put Spread
UPS 125/133 Bull Put Spread
UPS 139/143 Bull Put Spread
UPS 139/144 Bull Put Spread
UPS 160/152.5 Bear Call Spread
UVXY 50/40 Bear Call Spread
VXX 18/14 Bear Call Spreads
VXX 21/17.5 Bear Call Spreads
Covered Calls:
BMY 45 Call
BOIL 15.5 Call
CVS 57 Call
GILD 69 Cal
SBUX 90 Call
VFC 13.5 Call
VXX 13.5 Call
VXX 14.5 Calls
Assignments:
SBUX 82, 80 and 77 Puts – Div = 3.0%
CVS 64 and 60 Puts – Div = 4.8%
BMY 47.5 Put – Div = 5.5%
CMG Diagonal Call closed
Closed 1 CMG May 10 2024 3420 / CMG May 03 2024 3320 Diagonal Bear Call Spread at $0.17 Credit
Sold the spread on Monday at $2.75 Credit.
So a #WinWin
QQQ Puts Closed
Bought to close 1 QQQ May 06 2024 406/411 Bull Put Spread at $0.01 – sold Wednesday at $0.38
SPY and QQQ Expiration
1 SPY 05/02/2024 493/498 Bull Put Spread – Sold on Tuesday at $0.23
1 SPY 05/02/2024 485/490 Bull Put Spread – Sold Apr 24th at $0.38
1 SPY 05/02/2024 524/519 Bear Call Spread – Sold Apr 26th at $0.46
1 QQQ 05/02/2024 417/422 Bull Put Spread – Sold on Monday at $0.52
COIN Iron Condor
Sold 1 COIN May 03 2024 180/185 Bull Put Spread at $0.24 Credit
Sold 1 COIN May 03 2024 285/290 Bear Call Spread at $0.22 Credit
Thanks @geewhiz112 for the idea
SBUX Diagonal Closed
Closed 1 SBUX May 10 2024 65.0 / SBUX May 03 2024 71.0 diagonal Put spread at $.01 – sold yesterday at $0.32
SPY Expiration
1 SPY 05/01/2024 524/519 Bear Call Spread – sold Monday at $0.15
1 SPY 05/01/2024 485/490 Bull Put Spread – Sold last Wednesday at $0.28
QQQ Put Spreads
Sold 1 QQQ May 03 2024 411/416 Bull Put Spread at $0.38 Credit
Sold 1 QQQ May 06 2024 406/411 Bull Put Spread at $0.38 Credit
SBUX CVS Put Spreads
Post earnings
Bought 1 SBUX May 10 2024 65.0 Put / Sold 1 SBUX May 03 2024 71.0 Put at $0.32 Diagonal Credit.
Rolled down the long side of my SBUX 75/80 Bull Put Spread to the May 10 2024 70 Put at $1.90 Credit
Rolled down the long side of my CVS 60/64 Bull Put Spread to the May 10 2024 55 Put at $3.61 Credit
CMG Puts
Sold 1 CMG 05/03/2024 3035/3045 Bull Put Spread at $0.55 Credit
AMZN Puts Closed
Bought to close 1 AMZN May 03 2024 152.5/157.5 Bull Put Spread at $0.01.
Sold Monday at $0.37



