MARKETS

ZZZZZZZZZZZzzzzzzzzzzzzzz………………….. again

LABU Calls

Sold LABU 8.0 Covered Calls at $0.05.

Stocks

Lightened up on some more tiny stock positions
Sold out of A at $130.77. Bought in April at $123.00 and again in May at $116.00.
Sold out of PPL at $30.48. Bought in February at $25.72
#RaisingCash #FormerFallingKnife

TNA Call Scalp

Sold TNA Jun 10 2022 51.0 Calls at $0.36

TQQQ Calls

Just like the TNA trades below (and it doesn’t happen often), sometimes I get to sell the long side of my old diagonal spreads at a gain.
Sold to Close TQQQ Jun 17 2022 36.0 Calls at $1.09. Bought at $0.34.
Sold to Close TQQQ Jun 17 2022 37.5 Calls at $0.70. Bought at $0.24, $0.26 and $0.37.

VXX Puts

A new #VXXContango spread
Bought to Open VXX Jan 20 2023 6.0 Puts at $0.07
Sold to open VXX Jun 10 2022 20.5 Puts at $0.15 for a $0.08 Credit.
Short DTE = 4
Long DTE = 228

TNA Calls

It doesn’t happen often, but sometimes I can sell the long side of my old diagonal spreads at a gain.
Sold to Close 1 TNA Jun 17 2022 50.0 Call at $1.28. Bought at $0.46.
Sold to Close 2 TNA Jun 17 2022 49.0 Calls at $1.60. Bought at $0.63 and $0.76.
Sold to Close 1 TNA Jun 17 2022 47.0 Call at $2.53. Bought at $0.96.

Also sold 1 TNA Jun 10 2022 47.50 Covered Call at $1.15.

OptionsExpiration

Another small list this week. Lots of rolls to next week for more cash in the account.

Expired:
LABU 4.5 Puts

TNA 58/45.5 Bear Call Spread

TQQQ 52/35.5 Bear Call Spreads
TQQQ 50/35 Bear Call Spread
TQQQ 45/34.5 Bear Call Spreads

VXX 46/25.5 Bear Call Spread
VXX 40/25.5 Bear Call Spreads
VXX 35/25 Bear Call Spread
VXX 25.0 Calls
VXX 20/21 Bull put Spreads
VXX 21.0 Puts — #VXXContango

TNA and TQQQ Calls – Last rolls

Bought to close 1 TQQQ Jun 03 2022 32.0 Call at $0.23. Sold at $1.81
Sold to Open 1 TQQQ Jun 10 2022 35.5 Call at $0.40 for a Net Credit of $0.17.

Bought to Close 1 TNA Jun 03 2022 44.5 Call at $0.43. Sold at $2.01
Sold to Open 1 TNA Jun 10 2022 47.0 Call at $1.05 for a Net Credit of $0.62

TQQQ Covered Calls Closed

Covered some more short calls for this week.
Bought to Close TQQQ Jun 03 2022 34.50 Calls at $0.01. Sold on last week at $0.65 and $0.98.

Some new calls for next week:
Sold TQQQ Jun 10 2022 35.50 Covered Calls at $0.46, $0.47. $0.48 and $0.49.
Thia strike is slightly above all recent trading in TQQQ

VXX Strangle

Sold VXX 06/10/2022 20.5 Puts at $0.23 and Sold VXX 06/10/2022 26.5 Calls at $0.21 for a total strangle premium of $0.44

LABU Puts Rolled

Bought to close 1 LABU 06/03/2022 7.0 Put at $0.89. Sold last week on a roll at $1.15
Sold to open 1 LABU 06/10/2022 7.0 Put at $1.07 for a $0.18 Credit
Bought to close 1 LABU 06/03/2022 8.0 Put at $1.78. Sold last week on a roll at $1.96
Sold to open 1 LABU 06/10/2022 8.0 Put at $1.85 for a $0.07 Credit

TQQQ Call Closed

Bought to Close TQQQ Jun 03 2022 36 Call at $0.01. Sold on Wednesday at $0.52

TNA and TQQQ Calls Rolled

Bought to close 1 TNA Jun 03 2022 44.5 Call/ Sold to Open 1 TNA Jun 10 2022 46.5 Call at $0.29 Credit plus 2 points on the short strike.
Bought to Close 1 TNA Jun 03 2022 43.5 Call/ Sold to Open 1 TNA Jun 10 2022 45.0 Call at $0.46 Credit plus 1.5 points on the short strike
Bought to close 1 TNA Jun 03 2022 43.0 Call / Sold to Open 1 TNA Jun 10 2022 44.0 Call at $0.39 Credit plus 1 point on the short strike
Bought to close TNA Jun 03 2022 41.0 Calls / Sold to Open TNA Jun 10 2022 42.0 Calls at $0.02 Credit plus a point on the short strike

Bought to close TQQQ Jun 03 2022 32.0 Calls/ Sold to Open TQQQ Jun 10 2022 33.0 Calls at $.46 Credit plus 1 point on the short strike
Bought to close TQQQ Jun 03 2022 29.0 Calls/ Sold to Open TQQQ Jun 10 2022 29.0 Calls at $.25 and $0.31 Credit

#OnlySpreads and #CoveredCalls

VXX Puts

Starting on sales for next week a bit early.
Sold 1 VXX Jun 10 2022 21.0 Put at $0.51
Sold 1 VXX Jun 10 2022 20.5 Put at $0.31
#VXXContango

TRMB stock

Dumping another non-dividend paying stock.
Sold out of my TRMB at 70.14. Bought back on Feb 11 at $66.18
#RaisingCash
#FormerFallingKnife

VXX Puts

More rolldowns
Bought to close VXX Jun 03 2022 22.5 Puts at $0.64. Sold last week on a rolldown at $0.72.
Sold to Open VXX Jun 10 2022 22.0 Puts at $0.88 for a $0.24 Credit and a $0.50 lower strike.

Bought to close VXX Jun 03 2022 23.0 Puts at $1.02. Sold last week on a rolldown at $1.06.
Sold to Open VXX Jun 10 2022 22.5 Puts at $1.18 for a $0.12 Credit and a $0.50 lower strike.

I only have short VXX Jun 03 2022 21.0 Puts left and I believe they will expire tomorrow
#VXXContango

TPR Stock

It went Ex-div today so taking a gain on another lot.
Sold TPR at $35.06. Bought 5/11 at $27.23

Edit: dumped my remaining TPR at $35.16. Bought on 3/7 at $32.00

#RaisingCash
#FormerFallingKnife

BLK Stock

Sold a tiny bit of BLK at $676.50. Bought on 4/25 at $660.00.
I’m keeping the lot I bought at $620.00 for the $4.40 dividend (goes ex-div tomorrow)
#RaisingCash
#FormerFallingKnife

VXX Put Rolldown

Bought to close VXX Jun 03 2022 24.0 Puts / Sold to Open VXX Jun 10 2022 23.5 Puts $0.02 Credit while lowering the strike price $0.50
#VXXContango

TQQQ Covered Call Rollups

Bought to close TQQQ Jun 03 2022 30.0 Calls / Sold to Open TQQQ Jun 10 2022 31.0 Calls at $0.07 Net Credit

VXX Calls

Puts this morning, calls now
Sold VXX Jun 03 2022 25.5 Calls at $0.12 and $0.13
#OnlySpreads

Markets

Worth a read
https://www.zerohedge.com/markets/bear-stearns-lesson-bear-market-bounces

BLK Stock

Sold a tiny bit of BLK at $672.70. Bought on 5/2 at $623.22.
#RaisingCash
#FormerFallingKnife

VXX Puts

Added on to my Short VXX 06/03/2022 21.0 Puts at @0.18
#VXXContango

TQQQ Call Ladder

Sold TQQQ 06/03/2022 35.0 Call at $0.87
Sold TQQQ 06/03/2022 35.5 Calls at $0.68 and $0.70
Sold TQQQ 06/03/2022 36.0 at $0.53
Extending yesterday’s call ladder
#OnlySpreads

AMZN Stock

Just ahead of the split:
Sold out of my tiny AMZN position at $2,441.35.
Bought on 5/2 at $2,432.50 and again on 5/9 at $2,189.00.
#RaisingCash for the next move down.
#FormerFallingKnife

RL Stock

Another tiny trade
Sold my highest cost lot in this account at $101.55. Bought on 5/9/2022 at $95.78

In another account, sold my highest cost lot at $101.77. Bought on 5/9/2022 at $94.31

TQQQ Call Ladder

Sold TQQQ Jun 03 2022 35.0 Calls at $0.82 and $0.86.
Sold TQQQ Jun 03 2022 34.5 Covered Calls at $0.98 and $1.06

GOOGL tiny trade

Sold my GOOGL stock at $2260.00. Bought just a week ago at $2100.00
#SP500 #FormerFallingKnife

Edit: I was a bit early 😦

VXX Calls

Sold VXX 06/03/2022 25.0 Calls at $0.25, replacing similar calls that expired Friday

ADBE stock

Liquidated one more stock near the close
Sold ADBE at $427.14.
Bought on 02/24/2022 at $418.59 and again on 04/25/2022 at $405.00
#FormerFallingKnife

OptionsExpiration.

Small list today. Everyone enjoy the long weekend and shortened trading week next week.
Expired:
LABU 5.0 Puts
TQQQ 34.0 Covered Call
VXX 42/28 Bear Call Spread
VXX 27.5 Calls
VXX 27.0 Calls
VXX 26.5 Calls
VXX 22.0 Puts — #VXXContango

VXX Puts

Covered outright about half my VXX 05/27/2022 22.5 Puts at $0.06 for a decent gain.
Rolled the other half down to next week’s VXX 21.0 Puts at $0.05 Credit.
Done trading for today
#VXXContango

SPY and QQQ

Sold tiny bits of each near the high of the week. My highest cost lots.
Sold QQQ at $307.49. Bought on 5/9/2022 at $300.00
Sold SPY at $412.87. Bought on 5/9/2022 at $400.00

VXX Put Rolldowns and a rollout

Couldn’t roll down my VXX 24.0 Puts so rolled them to next week’s 24.0 Puts at $0.24 Credit

Rolled this week’s VXX 23.5 Puts to next week’s VXX 23.0 Puts at $0.02 Credit
Rolled this week’s VXX 23.0 Puts to next week’s VXX 22.5 Puts at $0.20 Credit

My short VXX 22.0 Puts should expire, but I’m still waiting out my 22.5 Puts for the next hour.
#VXXContango

LABU Put rollout and TNA and TQQQ Call rollouts

Bought to close 1 LABU 05/27/2022 8.0 Put at $1.92. Sold last week on a roll at $2.33
Bought to close 1 LABU 05/27/2022 7.0 Put at $1.00. Sold last week on a roll at $1.43.
Sold these for next week:
Sold 1 LABU Jun 03 2022 8.0 Put at $1.96 for a $0.04 Credit
Sold 1 LABU Jun 03 2022 7.0 Put at $1.15 for a $0.15 Credit

Rolled all my TNA and TQQQ Calls out to next week.
Some were covered by stock, others were part of diagonal bear call spreads.
Let’s see if this market runs out of gas in the new month.

Stocks – Tiny trades

Raising some cash by selling mostly non-dividend paying stocks
Sold AAL at $17.85. Bought on 3/7/2022 at $13.00
Sold BIO at $545.85. Bought on 03/08/2022 at $532.00 and on 04/26/2022 at $502.00
Sold DAL at $42.18. Bought on 3/7/2022 at $32.50
Sold IDXX at $392.99. Bought this month at $382.00 and again at $342.00
Sold PTC at $115.22. Bought on 2/24/2022 at $104.00
Sold IQV at 212.03. Bought on 5/10/2022 at $200.00.
Sold my highest cost lot of SPY at $409.01. Bought on 5/9/2022 at $404.00 . My remaining shares average $392.66
#SP500 #FormerFallingKnife

VXX Puts

A bit of a scalp on the short put. If I have to roll the short put, the market is still rising, helping a lot of my other stocks.
Bought VXX Jan 20 2023 7.0 Puts at $0.12
Sold to Open VXX May 27 2022 22.5 Puts at $0.15 for a $0.03 Credit
Long DTE = 239
Short DTE = 1
#VXXContango

TNA Scalps

Sold 1 TNA May 27 2022 42.5 Call at $0.92
Sold 1 TNA May 27 2022 43.0 Call at $0.68
Expires tomorrow
#OnlySpreads

TQQQ Call scalp

Sold TQQQ May 27 2022 31.0 Calls at $0.31 and $0.47. Expires tomorrow
#OnlySpreads

KOLD

A 1 for 4 reverse split in KOLD took place on the open today, putting the stock back above 20.

TMUS Stock

Sold the second half of my TMUS stock at $132.94. Bought this on 01/10/22 at 106.70.
Just raising some cash while getting rid of another no-dividend stock.
#FormerFallingKnife

TQQQ Calls

Selling more calls
Sold 1 TQQQ May 27 2022 29.0 Covered Call at $0.73
Sold TQQQ May 27 2022 30.0 Covered Calls at $0.42 and $0.47
Sold 1 TQQQ May 27 2022 31.0 Covered Call at $0.22

VXX Puts

Back to selling puts
Sold VXX May 27 2022 22.5 Puts at $0.17, $0.19 and $0.23

TQQQ Call Ladder

Sold TQQQ May 27 2022 29.0 Covered Calls at $0.59
Sold TQQQ May 27 2022 30.0 Covered Calls at $0.34
Sold TQQQ May 27 2022 31.0 Covered Calls at $0.20
Sold TQQQ May 27 2022 32.0 Covered Calls at $0.11

TNA Calls

Sold TNA May 27 2022 41.0 Calls at $0.49 and $0.63

LABU early exercise

My short LABU 05/27/2022 9.0 Puts were assigned overnight.
Added some more long stock. Stock Basis $5.95 after put premium.

VIX Futures

A very odd shape to the VIX futures curve.

vix

Does this mean that the market rallies after the November election?

TQQQ Covered Calls

Sold TQQQ May 27 2022 29.0 Calls at $0.40
Sold TQQQ May 27 2022 30.0 Calls at $0.26 and $0.28

VXX Calls

Sold a few more calls, turning some more short puts into short strangles.
Sold VXX May 27 2022 26.5 Calls at $0.42 and $0.52.
Sold VXX May 27 2022 27.0 Calls at $0.36 and $0.46

VXX Calls

Sold a few calls near the close
Sold VXX May 27 2022 26.5 Calls at $0.30 and $0.34.
Turning a few short puts into short strangles.

VXX Puts

Selling more puts against long puts already in the account from previous spreads.
Sold VXX May 27 2022 22.0 Puts at $0.27
Sold 1 VXX May 27 2022 22.5 Put at $0.41
Sold VXX May 27 2022 23.0 Puts at $0.58, $0.62 and $0.67
Sold 1 VXX May 27 2022 23.5 Put at $0.95
#VXXContango

VXX Puts

A sharp move down in VXX allowed me to start replacing all the puts that expired Friday.
Sold VXX May 27 2022 23.0 Puts at $0.45
Sold VXX May 27 2022 23.5 Puts at $0.64 and $0.68
Sold VXX May 27 2022 24.0 Puts at $0.90 and $0.95

At the same time I was buying the following, creating diagonal bull put spreads
VXX Aug 19 2022 15.0 Puts at $0.36 – 88 DTE
VXX Sep 16 2022 13.0 Puts at $0.33 – 116 DTE
VXX Dec 16 2022 10.0 Puts at $0.45 – 207 DTE
VXX Jan 20 2023 10.0 Puts at $0.57 and $0.62 – 242 DTE
#VXXContango

FLT Stock

Sold the last tiny bit of FLT at $237.40. Bought this on 11/30/2021 at $210.00.
Getting rid of non-dividend paying stocks in favor of stocks with 3% – 4% payout for a bit less volatility.
#FormerFallingKnife

TNA Covered Call Ladder

Sold 1 TNA May 27 2022 42.5 Call at $0.59
Sold 1 TNA May 27 2022 43.0 Call at $0.46
Sold 1 TNA May 27 2022 43.5 Call at $0.40
Replacing similar calls that expired Friday

EA Stock

Liquidated the rest of my tiny position in EA at $135.46. Bought on 05/10/2022 at $110.00.
Pretty difficult to make 23% in this market.
#FormerFallingKnife

OptionsExpiration

A good week to be selling Calls on TNA and TQQQ. VXX worked pretty well too.
I’m ready for another dead cat bounce next week.

Expired:
KOLD 6.0 Put

LABU 9.0 Covered Calls
LABU 6.0 Put
LABU 5.5 Put
LABU 5.0 Put
LABU 4.5 Puts

TNA 44/45/46 Covered Calls
TNA 70/46 Bear Call Spread
TNA 68/46 Bear Call Spread
TNA 63.5/46 Bear Call Spread
TNA 59/45 Bear Call Spread
TNA 58.5/45 Bear Call Spread
TNA 44.0 Calls

TQQQ 32/33/34/35 Covered Calls
TQQQ 60/38 Bear Call Spread
TQQQ 37.0 Call
TQQQ 36.0 Calls

VXX 49/28.5 Bear Call Spread
VXX 48/28.5 Bear Call Spread
VXX 47/28 Bear Call Spread
VXX 45/28 Bear Call Spreads
VXX 44/28 Bear Call Spread
VXX 43/28 Bear Call Spread
VXX 41/28 Bear Call Spread
VXX 40/28 Bear Call Spread
VXX 39/28 Bear Call Spreads
VXX 38/28 Bear Call Spreads
VXX 37/27.5 Bear Call Spreads
VXX 36/27.5 Bear Call Spreads

VXX 10/23.5 Bull Put Spreads
VXX 11/24 Bull Put Spreads
VXX 15/24 Bull Put Spreads
VXX 16/24 Bull Put Spreads
VXX 24.0 Puts — #VXXContango
VXX 24.5 Puts — #VXXContango

VXX Puts

A drop in VXX in the last 60 seconds before the close forced me out of the last of my VXX May 20 2022 25.0 short Puts at $0.02. Still my average selling price was $0.50 on these remaining puts.

Replaced them with the following short puts for next week.
Sold VXX May 27 2022 23.50 Puts at $0.18 and $0.23
Sold 1 VXX May 27 2022 24.0 Put at $0.43

VXX Calls

Continuing selling for next week as all my short VXX calls for today are looking like they will expire.
Sold VXX May 27 2022 28.0 Calls at $0.54 and $0.58

VXX Calls

Starting in on next week
Sold 1 VXX May 27 2022 27.5 Call at $0.79

SPY and QQQ

Added a tiny bit of SPY at $384.58, a new yearly low. My next buy point in this account is 5 points lower.
Added a tiny bit of QQQ at $282.48.
#FallingKnife

VXX Puts

Lightening up a bit more on the lowest premium sells from Monday’s put sales.
Bought to close VXX May 20 2022 25.0 Puts at $0.09 and $0.08.
Sold at $0.23.

Edit:
Covered more.
Bought to close VXX May 20 2022 25.0 Puts at $0.07 and $0.06. Sold at $0.27.
Bought to close VXX May 20 2022 25.0 Puts at $0.05 and $0.04. Sold at $0.32.
Bought to close VXX May 20 2022 Put at $0.03 and $0.02. Sold at $0.35 and $0.39.

Letting the rest expire this afternoon unless we have a big market move that forces VXX down again.

VXX Puts

Lightening up just a bit on the lowest premium sells from Monday’s put sales with the VIX and VXX falling again
Bought to close VXX May 20 2022 25.0 Puts at $0.09 and $0.07. Sold at $0.23.

I also have short puts at 23.5, 24.0 and 24.5 which I’m guessing will expire tomorrow.
#VXXContango

TQQQ Covered Call

Getting a jump on next week.
Sold 1 TQQQ May 27 2022 34.0 Covered Call at $0.38

LABU Put Rollouts

Bought to Close 1 LABU May 20 2022 7.0 Put at $1.26 Sold last week on a roll at $1.46
Sold to Open 1 LABU May 27 2022 7.0 Put at $1.43 for a $0.17 Credit.

Bought to Close 1 LABU May 20 2022 8.0 Put at $2.26. Sold last week on a roll at $2.61
Sold to Open 1 LABU May 27 2022 8.0 Put at $2.33 for a $0.07 Credit.

Bought to Close LABU May 20 2022 9.0 Puts at $3.02. Sold last week on a roll at $3.31
Sold to Open LABU May 27 2022 9.0 Puts at $3.05 for a $0.03 Credit.

Waiting to see if my short LABU 6.0, 5.5, 5.0 and 4.5 Puts expire tomorrow

KOLD Puts

Rolled another one down for next month. Hedged with long November Puts
Bought to close 1 KOLD May 20 2022 7.0 Put at $0.95. Originally sold at $1.24.
Sold to Open 1 KOLD Jun 17 2022 6.0 Put at $1.15 for a $0.20 Credit plus another point lower.

Also:
Rolled out 1 KOLD May 20 2022 10.0 Put to next month for a $0.30 Credit
Rolled out 1 KOLD May 20 2022 9.0 Put to next month for a $0.35 Credit

VXX Calls

Last calls for this week.
All my long VXX calls are now written against.
Sold 1 VXX May 20 2022 26.5 Call at $0.32
Sold VXX May 20 2022 27.0 Calls at $0.24
#OnlySpreads

WMT and TGT Stocks

Couldn’t resist dipping my toe in with tiny buys
Bought WMT at $122.00
Bought TGT at 159.00
At least both pay a dividend
#SP500 #FallingKnife

VXX Calls

Sold a few more
Sold VXX May 20 2022 26.5 Calls at $0.24, $0.26 and $0.27
Sold VXX May 20 2022 27.0 Calls at $0.19 and $0.21
Sold VXX May 20 2022 27.5 Calls at $0.16 and $0.17
Sold VXX May 20 2022 28.0 Calls at $0.13 and $0.14
#OnlySpreads

TQQQ Covered Calls

Sold TQQQ May 20 2022 34.0 Calls at $0.28

VXX Fat finger?

At 3:54 VXX spiked over a point above it’s last trade then fell back to where it had been
Sold a few more of my short term calls that reacted to the move. Paired up with short puts sold on Monday.
Sold VXX May 20 2022 26.5 Calls at $0.22
Sold VXX May 20 2022 27.5 Calls at $0.15
Sold VXX May 20 2022 28.0 Calls at $0.12.
#OnlySpreads

TNA Covered Call Ladder

Sold TNA May 20 2022 45.0 Calls at $0.49 and $0.54
Sold 1 TNA May 20 2022 44.0 Call at $0.77

VXX

A few calls sold against the puts I sold yesterday
Sold VXX May 20 2022 27.0 Calls at $0.16
Sold VXX May 20 2022 27.5 Calls at $0.14
Sold VXX May 20 2022 28.0 Calls at $0.11
Sold VXX May 20 2022 28.5 Calls at $0.10

TQQQ Covered Call Ladder

Sold TQQQ May 20 2022 32.0 Calls at $1.61 and $1.81
Sold 1 TQQQ May 20 2022 33.0 Call at $1.30
Sold TQQQ May 20 2022 34.0 Calls at $0.63
Sold TQQQ May 20 2022 35.0 Calls at $0.39