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

TLRY

Friday I closed out some TLRY MAR 12 2021 $28.0 short calls @ 0.01 right at the market close.
Today I dumped part of the long position that was hedging the short.
Sold to close TLRY Apr 01 2021 60 Call at $1.37 for a nice gain.
Another #WinWin spread

VXX

Sold VXX Mar 19 2021 13.5 Puts at $0.26.
I’m long the 14 puts for this week already

GME Put

Sold 1 GME MAR 19 2021 $50.0 PUT @ 0.52

TLRY

Sold 1 TLRY 03/19/2021 32.50 Diagonal Call @ 1.19. This pairs off with the 32.50 Put I’m already short.

AMC

Closed out the long hedge I had against last Friday’s AMC strike 12 Calls that expired worthless.
Sold to close AMC Apr 01 2021 22.0 Calls at $1.03. Bought them at 0.90 and 1.01 on 03/10
#WinWin on both sides of the spread.

OptionsExpiration

EXPIRED:
AMC 03/12/2021 12.0 Diagonal Calls
SLB 03/12/2021 29.0 Diagonal Calls
SLB 03/12/2021 31.0 Diagonal Calls
SLB 03/12/2021 35.0 Diagonal Calls
SQQQ 03/12/2021 17.5.0 Covered Calls

VXX 03/12/2021 19.0 Diagonal Calls
VXX 03/12/2021 19.5 Diagonal Calls
VXX 03/12/2021 20.0 Diagonal Calls
VXX 03/12/2021 20.5 Diagonal Call
VXX 03/12/2021 21.0 Diagonal Calls
VXX 03/12/2021 21.5 Diagonal Call
VXX 03/12/2021 22.0 Diagonal Calls
VXX 03/12/2021 43.0 Diagonal Calls

GME 03/12/2021 45.0 Diagonal Put
GME 03/12/2021 50.0 Diagonal Put
GME 03/12/2021 55.0 Diagonal Puts
GME 03/12/2021 195.0 Diagonal Put
LABU 03/12/2021 65.0 Diagonal Put
SPY 03/12/2021 363.0 Diagonal Put
SPY 03/12/2021 377.0 Diagonal Put

Assignments: None

UVXY Put Rolldown

Bought to close UVXY Mar 12 2021 8.0 Puts/ Sold to Open UVXY Mar 19 2021 7.5 Puts @ 0.05 Credit

GME Call Rollup

Bought to close GME Mar 12 2021 200.0 Call / Sold to Open 1 GME Mar 19 2021 230.0 Call @ 2.20 Credit

TLRY Call Rollup

Bought to close 1 TLRY Mar 12 2021 26.0 Call / Sold to Open 1 TLRY Mar 19 2021 30.0 Call @ 0.13 Credit but a 4 point bump in the short strike.

VXX Put Rolldown

Bought to close VXX Mar 12 2021 14.5 Puts / Sold to Open VXX Mar 26 2021 13.5 Puts at $0.02 Credit.
Lowered the short strike a point to a price below the all-time low on VXX but had to go out 2 weeks instead of 1.

I did this instead of rolling to the 03/19/2021 14.0 Puts because I’m already long the 14.0 Puts for next week and I want to see how they work out in the end.
I bought them in September and October of last year as the long side of diagonal spreads where the short has long since expired.

TLRY Put Closed

Bought to close 1 TLRY 03/12/2021 24.0 Put @ 0.01. Sold this on a rolldown last Friday @ $4.29

LABU Call Rolled

Bought to close 1 LABU Mar 12 2021 95.0 Call / Sold to Open 1 LABU Mar 19 2021 100.0 Call @ 1.25 Credit plus 5 more points on the short strike for just 1 more week.

TLRY

I had an extra long TLRY April Call so I wrote against it for next week.
Sold 1 TLRY Mar 19 2021 30 Call at $1.48
TLRY is at 26

OptionsExpiration

SPY 03/10/2021 400.0/392.0 Bear Call Spread
SPY 03/10/2021 383.0 Short Put

SPY Call Rollup

Bought to close 1 SPY Mar 10 2021 386.0 Call / Sold to Open 1 SPY Mar 12 2021 387.0 Call @ 0.29 Credit.

I’ve got other SPY positions that will expire today.

TLRY Put Rolldowns

Bought to close 1 TLRY Mar 12 2021 33.0 Put / Sold to Open 1 TLRY Mar 19 2021 32.5 Put @ 0.67 Credit
Bought to close TLRY Mar 12 2021 30.0 Puts / Sold to Open TLRY Mar 19 2021 29.0 Puts @ 0.16 Credit

GME Round Trip

At 11:40 this morning I put on the following GME Bear Call Diagonal
Bought Mar 19 2021 380.0 Call / Sold GME 03/12/2021 280.0 @ 2.60 Credit

Just now (1:42) I closed it out at 13.00 Credit – eliminating a big spread risk in the process

Big #WinWin with a credit in and a credit out

If GME gets back above 330 I’ll look to put something similar on at higher strikes this time.

GME Puts

Sold 1 GME 03/12/2021 45.0 Put @ 0.30
Sold 1 GME 03/12/2021 50.0 Put @ 0.33
Sold 1 GME 03/12/2021 55.0 Put @ 0.60
GME at 260 after falling from 348.50

GME Diagonal

Giving this a extra week and hoping the mania dies away in 10 days or so.
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

Bitcoin options?

https://www.bloomberg.com/news/articles/2021-03-10/a-vix-like-gauge-for-bitcoin-sees-its-first-ever-options-trade

SPY 1 DTE

Sold SPY 03/10/2021 383/392 Strangle @ 1.28 Credit.
Legged in.

UVXY

Sold to Open UVXY Mar 12 2021 8.0 Puts at $0.16.
#DoubleDip write against Long April and June strike 5 puts.
#UVXYContango

UVXY is 8.35

LABU

Bought to open 1 LABU Apr 16 2021 135.0 Call / Sold to Open 1 LABU Mar 12 2021 95.0 Call at $1.55 Credit.

This turns my 45/65 Diagonal Bull Put spread into a Short Calendar Iron Condor Spread with 65 Put/ 95 Call as the short for this week.

Short DTE = 3
Long DTE = 38

GME Crazy trade closed

Bought to close GME Jul 16 2021 2.0 Puts @ 0.02.
Out 4 + months early
Sold to open GME Jul 16 2021 2.0 Puts at $0.37 on Jan 29.
Yes that is the correct strike price.
#GMECrazy

SPY

New Put Diagonal
Bought to open SPY Mar 31 2021 350.0 Put / Sold to Open 1 SPY Mar 12 2021 377.0 Put @ 0.46 Credit.
Extending the long side of the ladder.

OptionsExpiration

SPY 03/08/2021 379/389 Strangle – Sold this morning at $1.24

SPY Roll

Bought to close 1 SPY Mar 08 2021 383.0 Call / Sold to Open 1 SPY Mar 10 2021 386.0 Call @ 0.40 Credit.
Sold the 383 Call Friday @ 2.81 and covered today @ 1.82

GME

Diagonal
Bought 1 GME 03/19/2021 300 Call / Sold 1 GME 03/12/2021 200 Call @ 4.40 Credit.
Five days is a long time in this stock.

SPY Zero DTE

Sold SPY 03/08/2021 379/389 Strangle @ 1.24
Legged in

OptionsExpiration

SLB 03/05/2021 30.0 Diagonal Calls
VXX 03/05/2021 17.5 Diagonal Calls
VXX 03/05/2021 18.0 Diagonal Calls
VXX 03/05/2021 18.5 Diagonal Calls
VXX 03/05/2021 19.0 Diagonal Calls
VXX 03/05/2021 20.5 Diagonal Calls
VXX 03/05/2021 22.0 Diagonal Calls
VXX 03/05/2021 23.0 Diagonal Calls
VXX 03/05/2021 24.0 Diagonal Calls

SPY 03/05/2021 377.0 Diagonal Put
TQQQ 03/05/2021 70.0 Diagonal Put

SPY Call rollout

I never thought I would be rolling this when SPY was 373 just a few hours ago.
Bought to close 1 SPY 03/05/2021 381.0 Call @ 2.65. Sold this on Wednesday at 6.49

Replaced it with SPY 03/08/2021 383.0 Call @ 2.81

VXX Contango Special

One more of these.
Huge reversal in VXX to the downside after the morning blastoff to 16.74.

Bought to open VXX Jan 21 2022 6.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.02 Credit.
Short DTE = 7
Long DTE = 322
VXX @ 15.12

I’m done for today with these2021-03-05_12-24-40

VXX Contango Special

Bought to open VXX Sep 17 2021 7.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.09 Credit.
Short DTE = 7
Long DTE = 196
VXX @ 15.42

VXX Contango Special

Now that I’m out of all this week’s short puts I’m adding a new spread

Bought to open VXX Jun 18 2021 9.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.05 Credit.
Short DTE = 7
Long DTE = 105
VXX @ 15.48

SPY Put Rolldown

Bought to close 1 SPY Mar 05 2021 370.0 Put at $0.10. Sold @ 1.43 on 02/26.
Sold to Open 1 Contract SPY Mar 12 2021 363.0 Put @ 1.53.
#TripleDip Sale on my long March 150 Put and 7 points lower (again).

SQQQ Covered Call

Bought to close 1 SQQQ 03/05/2021 17.0 Covered Call @ 0.01. Sold this on 03/04 @ 0.11.
Replaced it with a SQQQ 03/12/2021 17.50 Covered Call @ 0.32

LABU

Bought to open 1 LABU Apr 16 2021 45.0 Put @ 2.28.
Paid for it by selling 1 LABU Mar 12 2021 65.0 Put @ 2.52.

Short DTE = 7
Long DTE = 42

LABU is 77.50

VXX Puts

Bought to close VXX 03/05/2021 15.0 Puts @ 0.01. Sold these last Friday on a rolldown @ 0.63

TLRY Rollout

Bought to close TLRY 03/05/2021 28.0 Straddles and rolled it out a week for a 1.06 Credit

VXX Puts

Bought to close VXX 03/05/2021 15.50 Puts @ 0.12 $ 0.07. Sold these on a rolldown last Friday @1.13.
Replaced them with 03/12/2021 14.50 Puts @ 0.21 & 0.15.

VXX opened at 15.65