Sold a tiny position in KMB at $144.86. Bought on 03/08/2022 at $124.11 and got a year’s worth of dividends too.
#FormerFallingKnife
Added to my tiny USB position at $32.24.
Added to my tiny CFG position at $28.00
#SP500 #FallingKnife
Author Archives: Option Iceman
SOXL Put, Boil Call
Sold 1 BOIL Apr 28 2023 4.0 Covered Call at $0.05
Sold 1 SOXL Apr 28 2023 13.5 Put at $0.16
Paired with my SOXL Apr 28 2023 16.5 Short call for a total strangle premium of $0.42
#OnlySpreads
OptionsExpiration
BOIL 4.0, 4.5, 5.0 and 5.5 Covered Calls
LABU 3.5/5.5 Bull Put Spreads
SOXL 21.5/17 Bear Call Spread
SOXL 11.5/13.5 Bull Put Spread
SOXL 12/14 Bull Put Spread
SOXL 12/14.5 Bull Put Spread
UVXY 4.5 and 5.0 Covered Calls
VXX 64/48 Bear Call Spreads
VXX 58/48.5 Bear Call Spread
VXX 57/45.5 Bear Call Spread
VXX 56/45 Bear Call Spread
VXX 56/44.5 Bear Call Spreads
VXX 55/44 Bear Call Spreads
VXX 54/43.5 Bear Call Spread
VXX 53/43 Bear Call Spread
VXX 42.5, 42.0, 41.5 and 41.0 Diagonal Calls
VXX 30/38 Bull Put Spreads
VXX 31/38 Bull Put Spreads
VXX 32/39 Bull Put Spreads
VXX 39.0 Diagonal Puts
VXX Puts
Now that my VXX Apr 21 39.0 Puts are expiring I’m selling some for next week.
Sold VXX Apr 28 2023 37.0 Diagonal Puts at $0.22, $0.25 and $0.29
Sold against existing long VXX May Puts
#VXXContango
AMZN Stock
Sold the last of my tiny AMZN stock position at $108.01
Bought on 11/09/2022 at $88.00
#FormerFallingKnife #RaisingCash
PNC Calls
Rolled a whole bunch of PNC April 21 2023 Calls up 4 points each for just one more week
Rolled PNC 127 Covered Call to PNC 131 Covered Call at $0.39 Credit
Rolled PNC 128 Call to PNC 132 Call at $0.29 Credit
Rolled PNC 129 Call to PNC 133 Call at $0.24 Credit
Rolled PNC 130 Call to PNC 134 Call at $0.19 Credit
All this while PNC was actually falling on the day
LABU Call Roll, SOXL Put sale
Bought to close LABU Apr 21 2023 6.0 Diagonal Calls at $0.06. Sold at $0.16
Rolled them to LABU Apr 28 2023 6.5 Diagonal Calls at $0.08 for a $0.02 Credit and a $0.50 higher Strike
Bought to close 1 LABU Apr 21 2023 6.0 Covered Call at $0.06
Sold 1 LABU Apr 28 2023 6.0 Covered Call at $0.28
Why is LABU so strong on Friday recently??
The rest of the market = ZZZZZZZZZZzzzzzzzzzzzzzz
Sold 1 SOXL Apr 21 2023 14.5 Put at $0.12
0DTE
The VIX Is Dead, Long…
The VIX Is Dead, Long Live The 0DTE VIX
https://www.zerohedge.com/markets/vix-dead-long-live-0dte-vix
VXX Trades
Closed 1 VXX 38/48 short strangle at $0.02. Sold last Friday at $0.45
Bought to close 1 VXX Apr 21 2023 41.0 Covered Call at $0.21. Sold at $0.46
Rolled it up to 1 VXX Apr 28 2023 46.0 Covered Call at $0.53
Later:
Bought to close VXX Apr 21 2023 40.5 Covered Calls Net Credit at $0.04. Sold yesterday on a rolldown at a $0.58 Average
Rolled them UP to VXX Apr 28 2023 48.0 Covered Calls at $0.27 for a $0.23 Credit with a big jump in the short strike
Bought to close VXX Apr 21 2023 43.5 Covered Calls at $0.01. Sold them at $0.22 earlier this week
Rolled them UP to VXX Apr 28 2023 48.0 Covered Calls at $0.30 for a $0.29 Credit
Bought to close 1 VXX Apr 21 2023 42.0 Covered Call at $0.01. Sold at $0.34 yesterday
Rolled it UP to 1 VXX Apr 28 2023 48.0 Covered Calls at $0.30 for a $0.29 Credit
VXX Call Rolldown for this week
Trying for a bit of extra premium 1DTE
Doing what I can to keep my VXX 39.0 short puts out of the money
Bought to close VXX Apr 21 2023 42.0 Covered Calls at $0.28 and $0.29. Sold earlier this week at $0.31 and $0.33
Bought to close 1 VXX Apr 21 2023 42.5 Covered Call at $0.22. Sold earlier this week at $0.27
Bought to close 1 VXX Apr 21 2023 43 Covered Call at $0.18. Sold earlier this week at $0.24
Sold VXX Apr 21 2023 40.5 Covered Calls at $0.56, $0.57, $0.58 and $0.59
Since the calls are covered, if I have to roll them back up, I will (for a credit of course)
#DoubleDip
LABU SOXL Call Rolls
Moving early so I have less to worry about tomorrow
Rolled 1 LABU Apr 21 2023 5.5 Call to next week’s LABU Apr 28 2023 5.5 Call at $0.14 Credit
#OnlySpreads
Still have LABU Covered Calls at the same strike that I will hold until near the close tomorrow
Rolled UP 1 SOXL Apr 21 2023 15.5 Call to next week’s SOXL Apr 28 2023 16.5 Call at $0.04 Credit and bumped the short strike up above this week’s HIGH price
#OnlySpreads
VIX Bear Call Spreads
A couple more on the open:
Bought 1 VIXW Apr 26 2023 35 Call at $0.07
Sold 1 VIXW Apr 26 2023 19 Call at $0.82 for a $0.75 Credit
Bought 1 VIXW May 03 2023 35 Call at $0.21
Sold 1 VIXW May 03 2023 22 Call at $0.80 for a $0.59 Credit
VIX Bear Call Spreads
The VIX index just hit a new 52-week low at 16.17, pressuring my bull put spreads
As a partial offset I put on the following VIXW (Vix Weekly) Bear call spreads.
Bought 1 VIXW May 03 2023 35.0 Call at $0.11
Sold 1 VIXW May 03 2023 21.0 Call at $0.64 for a $0.53 Credit
Bought 1 VIX May 17 2023 42.5 Call at $0.22
Sold 1 VIX May 17 2023 26.0 Call at $0.77 for a $0.55 Credit
With my long VXX and UVXY stock benefiting greatly if the VIX rallies, I’m not likely to be pressured to close these prematurely.
UVXY Covered Calls
Couldn’t get any premium for this week so went out a couple of weeks
Sold to Open UVXY May 05 2023 5.5 Calls at $0.11
Sold to Open UVXY Apr 28 2023 5.0 Calls at $0.07.
Waiting for volatility to return to this market.
ALGN Stock
Sold all of my ALGN stock at $356.01.
Started buying in Jan 2022 at $494.00 and stopped after 7 buys on 10/27/2022 at $178.00
Overall, made 7.5% (with no dividend income) and not worth the hassle.
I don’t often buy no dividend stocks any more
This frees up a bit of cash as the market looks toppy
#FormerFallingKnife #RaisingCash
JPM Stock
Sold a tiny bit of JPM at $141.38.
Bought on 03/07/2022 at $129.00
#FormerFallingKnife #RaisingCash
BOIL LABU SOXL VXX
Sold BOIL Apr 21 2023 4.0 Covered Calls at $0.10
Sold LABU Apr 21 2023 6.0 Covered Calls at $0.08 and $0.15
Sold 1 SOXL Apr 21 2023 13.5 Put at $0.12
Sold 1 SOXL Apr 21 2023 14.0 Put Limit at $0.21
Sold VXX Apr 21 2023 39.0 Puts at $0.27 and $0.28
Sold VXX Apr 21 2023 38.0 Puts at $0.08, $0.09, $0.10 and $0.11
OptionsExpiration
== Expired==
BOIL 4.0 Covered Calls
BOIL 4.5 Covered Calls
BOIL 2.5/3 Bull Put Spread
LABU 5.5 Covered Call
LABU 7/5.5 Bear Call Spread
LABU 3/5 Bull Put Spreads
SOXL 21/18 Bear Call Spread
SOXL 19.5/17 Bear Call Spread
SOXL 10/15 Bull Put Spreads
SOXL 14.5 Diagonal Puts
SOXL 14.0 Diagonal Puts
UVXY 7/4.5 Bear Call Spreads
UVXY 5.0 Covered Calls
UVXY 5.5 Covered Calls
VXX 70/53 Bear Call Spreads
VXX 69/51 Bear Call Spreads
VXX 68/49 Bear Call Spread
VXX 68/48.5 Bear Call Spread
VXX 68/48 Bear Call Spread
VXX 67/46 Bear Call Spreas
VXX 66/47 Bear Call Spread
VXX 65/46.5 Bear Call Spread
VXX 48.0, 49.0, 50.0, 51.0 and 52.0 Covered Calls
VXX 46.0, 45.5, 45.0, 43.0 and 42.5 Diagonal Calls
VXX 40.5 Diagonal Puts
==Assignments==
BOIL 4.0 Puts
VXX Puts
Bought to close VXX Apr 14 41.5 Puts at $0.20. They got too far in the money this morning to not bail out before the close.
Sold them over the last week at $0.23 and $0.34
I’ve still got VXX Puts at 41.0 and 40.5 that should expire today
VXX Calls
0DTE Scalps
Sold VXX Apr 14 2023 42.5 Calls at $0.14
Sold 1 VXX Apr 14 2023 43.0 Call at $0.12
SOXL Call Roll
Bought to Close 1 SOXL Apr 14 2023 15.0 Call at $0.65. Sold last week on a rollup at $1.38
Sold to Open 1 SOXL Apr 21 2023 15.5 Call at $0.75 plus an extra $0.50 on the short strike
#OnlySpreads
VIX (Not VXX) Put Spread Ladder
Bull Put Spreads
Bought 1 VIX Jun 21 2023 15.0 Put at $0.04
Sold 1 VIX Jun 21 2023 17.0 Put at $0.26 for a $0.22 Credit
Bought VIXW May 10 2023 15.0 Puts at $0.04
Sold 1 VIXW May 10 2023 17.0 Put at $0.28 and $0.31 for $0.24 and $0.27 Credits
Bought to Open 1 VIXW May 03 2023 16.0 Put Net at $0.03
Sold to Open 1 VIXW May 03 2023 18.0 Put at $0.29 for a $0.26 Credit
Interestingly, the May 10 premiums are higher than the June Monthly premiums
LABU
Sold 1 LABU Apr 21 2023 5.5 Covered Call at $0.15
Rolling:
Bought to close 1 LABU Apr 14 2023 5.5 Put at $0.31. Sold on a roll last week at $0.72
Sold 1 LABU Apr 21 2023 5.5 Put at $0.41 for a $0.10 Credit
At least one of these will expire 🙂
SOXL Put
Sold SOXL Apr 14 2023 14.5 Puts at $0.11 and $0.13
#ONlySpreads
VXX Call Ladder
3 DTE
Sold VXX Apr 14 2023 45.5 Calls at $0.31 and $0.34
Sold 1 VXX Apr 14 2023 46.0 Call at $0.23
Sold 1 VXX Apr 14 2023 46.5 Call at $0.20
Sold 1 VXX Apr 14 2023 47.0 Call at $0.18
Sold 1 VXX Apr 14 2023 47.5 Call at $0.16
Sold 1 VXX Apr 14 2023 48.0 Call at $0.15
Sold 1 VXX Apr 14 2023 48.5 Call at $0.13
Sold 1 VXX Apr 14 2023 49.0 Call at $0.13
#OnlySpreads
VIX Index Weekly Puts
Bought to Open 1 VIXW May 10 2023 15.0 Put Net at $0.02
Sold to Open 1 VIXW May 10 2023 17.0 Put at $0.20 for a $0.18 Credit
ADDED:
Bought 1 VIXW May 10 2023 15.0 Put at $0.02
Sold 1 VIXW May 10 2023 17.0 Put at $0.23 for a $0.21 Credit
Chart of the day
With no comment
BOIL LABU
Sold BOIL Apr 21 2023 4.5 Covered Calls at $0.09
Sold LABU Apr 21 2023 5.5 Covered Calls at $0.10
VIX (Not VXX) Put Spread
Sold 1 VIX May 17 2023 17.0 Put at $0.17
Bought 1 VIX May 17 2023 15.0 Put at $0.02 to create a Bull Put Spread
The 52 week low on the VIX index is $17.02 (or 17.06, depending on the source)
SOXL
Sold 1 SOXL Apr 14 2023 18.0 Call at $0.16
VXX Puts
Bought 1 VXX May 19 2023 33.0 Put at $0.05
Sold 1 VXX Apr 14 2023 41.5 Put at $0.34
Sold 1 VXX Apr 14 2023 41.0 Put at $0.20
Sold VXX Apr 14 2023 40.5 Puts at $0.11, $0.13 and $0.15
VXX Puts
Bought 1 VXX Jun 16 2023 27.0 Put at $0.03
Sold 1 VXX Apr 14 2023 41.5 Put at $0.23
Sold 1 VXX Apr 14 2023 41.0 Put at $0.13
#VXXContango #OnlySpreads
SOXL Strangle
Sold 1 SOXL Apr 14 2023 17.0 Call at $0.26 plus Sold 1 SOXL Apr 14 2023 14.0 Put at $0.25 for a $0.51 total Credit
#OnlySpreads
VXX UVXY Call Ladders
At the open
Sold VXX Apr 14 2023 53 Calls at $0.15
Sold VXX Apr 14 2023 52 Calls at $0.18
Sold VXX Apr 14 2023 51 Calls at $0.22
Sold VXX Apr 14 2023 50 Calls at $0.28
Sold VXX Apr 14 2023 49 Calls at $0.33
Sold 1 VXX Apr 14 2023 48 Call at $0.41
Sold UVXY Apr 14 2023 5.5 Calls at $0.05
Sold UVXY Apr 14 2023 5 Calls at $0.08
OptionsExpiration
==Short Positions that Expired==
BOIL 6/4 Bear Call Spreads
LABU 8/5 Bear Call Spread
LABU 5.5 Covered Calls
SOXL 21/19 Bear Call Spread
SOXL 20/18.5 Bear Call Spread
SOXL 9.5/15.5 Bull Put Spreads
SOXL 9/15 Bull Put Spreads
UVXY 6.0 Covered Calls
UVXY 5.5 Covered Calls
UVXY 5.0 Covered and Diagonal Calls
VXX 80/51 Bear Call Spreads
VXX 77/50 Bear Call Spread
VXX 72/50 Bear Call Spread
VXX 71/50 Bear Call Spread
VXX 70/49 Bear Call Spread
VXX 65/49 Bear Call Spread
VXX 64/49 Bear Call Spread
VXX 53.0, 52.0, 51.0, 50.0, 48.5, 47.5 Covered Calls
VXX 48.5, 47.5, 47.0 46.0 Diagonal Calls
VXX 43.0 Diagonal Put
VXX 42.5 Diagonal Puts
VXX 42.0 Diagonal Puts
KSS 21.5 Put (cash backed in IRA)
==Assignments==
1 BOIL 4.5 Put
UVXY Put Roll
Bought to close UVXY Apr 06 2023 4.5 Puts at $0.12. Sold earlier this week at $0.14 and $0.16
Rolled to short UVXY Apr 14 2023 4.5 Puts at $0.27 for a $0.15 Credit.
Took a bit of the cash and bought:
1 UVXY Jun 16 2023 3.0 Put at $0.07
1 UVXY Sep 15 2023 2.0 Put at $0.04
#UVXYContango
Bonds vs VIX
The MOVE Index is the bond market equivalent of the VIX Index. It measures the implied volatility of 1-month options from the 2-year note to the 30-year bond.
Today’s closed was 153.9.
The shaded area is inside 2 standard deviations. So, 153.9 above the shaded area means it is… pic.twitter.com/CrZoTxoNUs
— Jim Bianco biancoresearch.eth (@biancoresearch) April 5, 2023
VXX Long puts
Added a couple of “throw-away” long puts to write against
Bought 1 VXX Jun 16 2023 25.0 Put at $0.03
Bought 1 VXX Jun 16 2023 26.0 Put at $0.03
#VXXContango
SOXL Puts
Rolled my SOXL Apr 06 2023 16.0 Puts to SOXL Apr 14 2023 15.0 Puts at $0.02 Credit and got them out of the money.
Paired with SOXL 15.0 Call that I rolled up to yesterday.
At least one side will definitely expire.
#OnlySpreads
VXX Calls – 0DTE
Sold VXX Apr 06 2023 47.0 Covered Calls at $0.12 and $0.15
#ScalpTrade
SOXL Calls and Puts
Bought to close 1 SOXL Apr 06 2023 16.5 Call at $0.18. Sold last Friday on a roll at $1.80
Replaced it with 1 short SOXL Apr 14 2023 18.0 Call at $0.24 for a $0.06 Credit but a $ 1.50 higher strike
Bought to close 1 SOXL Apr 06 2023 14.5 Call at $1.36. Sold last Friday on a roll at $3.50
Replaced it with 1 short SOXL Apr 14 2023 15.0 Call at $1.38 for a $0.02 Credit but a $0.50 higher strike
Sold SOXL Apr 06 2023 15.0 Puts at $0.12 and $0.17
#OnlySpreads
SOXL Put
Sold 1 SOXL Apr 06 2023 15.5 Put at $0.10
Paired with existing short calls
UVXY VXX
Another temporary spike in volatility
Sold UVXY Apr 06 2023 5.0 Calls at $0.09
Sold VXX Apr 06 2023 53.0 Calls at $0.14
Sold VXX Apr 06 2023 52.0 Calls at $0.17
Sold VXX Apr 06 2023 51.0 Calls at $0.20 $0.23 and $0.24
Sold VXX Apr 06 2023 50.0 Calls at $0.23, $0.25 and $0.29
Sold VXX Apr 06 2023 49.0 Call at $0.35
Sold VXX Apr 06 2023 48.5 Call at $0.36 and $0.45
VXX Call Ladder
Sold VXX Apr 06 2023 47.5 Calls at $0.63, $0.69 and $0.72
Sold VXX Apr 06 2023 48.0 Calls at $0.57 and $0.63
Sold VXX Apr 06 2023 48.5 Calls at $0.52 and $0.58
Sold VXX Apr 06 2023 49.0 Calls at $0.50, $0.52 and $0.53
Sold VXX Apr 06 2023 50 Call at $0.42
Replacing calls that expired Friday
UVXY Call Ladder
Sold UVXY Apr 06 2023 6.0 Covered Calls at $0.05
Sold UVXY Apr 06 2023 5.5 Covered Calls at $0.07
Sold UVXY Apr 06 2023 5.0 Covered Calls at $0.11
Replacing calls that expired Friday
OptionsExpiration
Luckily I didn’t have to roll any calls up except in SOXL on the big market move into quarter end. Made most of this week’s gain in UVXY and VXX, and suffered through a couple more early put assignments.
==Expired==
BOIL 6.0 Covered Calls
BOIL 5.5 Covered Calls
BOIL 4.0 Covered Calls
BOIL 4.0 Diagonal Call
BOIL 3.5 Diagonal Put
BOIL 2/3.5 Bull Put Spread
LABU 5.0 Covered Call
LABU 5.0 Diagonal Calls
SOXL 9/14 Bull Put Spread
SOXL 9/13.5 Bull Put Spreads
UVXY 5.5 Covered Calls
UVXY 5.0 Covered Calls
UVXY 10/6.5 Bear Call Spreads
UVXY 9/5 Bear Call Spreads
UVXY 4/4.5 Bull Put spread
VXX 50.0 Covered Calls
VXX1 12.0 Covered Calls
VXX 80/62 Bear Call Spread
VXX 75/60 Bear Call Spread
VXX 75/59 Bear Call Spread
VXX 75/58 Bear Call Spreads
VXX 75/57 Bear Call Spread
VXX 75/55 Bear Call Spreads
VXX 54.0 Diagonal Call
VXX 53.0 Diagonal Calls
VXX 51.0 Diagonal Call
VXX 50.0 Diagonal Call
VXX 48.0 Diagonal Call
VXX 47.5 Diagonal Call
VXX 47.0 Diagonal Call
VXX1 11.0 Duagonal Puts
VXX 44.0 Diagonal Puts
VXX 43.5 Diagonal Puts
DISH 8.5 Put
FRC 3.5 Put
GPS 8.5 Put
==Assignments==
Early assignment on my LABU 6.0 Puts – adjusted cost after premium = $4.50
Early assignment on my BOIL 5.5 Puts – adjusted cost after premium = $4.08
FDX QQQ Stock
Sold off another tiny bit of FDX at $227.38 (a new recovery high after the latest earning report)
Bought on 09/15/2022 at $172.00
Sold a tiny lot of QQQ at $320.21.
Bought on 10/21/22 at $255.19
BOIL SOXL UVXY
Sold 04/06/2023 4.0 Covered Calls at $0.15
Rolled SOXL Mar 31 2023 17.5 Calls to SOXL Apr 06 2023 18.5 Calls at $0.03 Credit.
Bumped the short strike up a point and out of the money
Rolled out UVXY Mar 31 2023 5.0 Puts to next week at $0.13 Credit
VXX Calls
Bought to close 1 VXX Mar 31 2022 60.0 Covered Call at $0.02. Sold at $1.21
Bought to close 1 VXX Mar 31 2022 59.0 Covered Call at $0.03. Sold at $0.77
Sold 1 VXX Apr 06 2023 57.0 Covered Calls at $0.45 and $0.47
UVXY VXX Put Rolls
Rolled UVXY 5.5 Puts out a week for $.06 and $0.07 Credits
Rolled VXX1 (pre-split) 12.0 Puts out a week for $0.07, $0.10, $0.11 and $0.12 Credits
Bought to close 1 VXX Mar 31 2023 43.5 Put at $0.04. Sold at $0.11.
Sold 1 VXX Apr 06 2023 43.0 Put at $0.38 for a $0.34 Credit at a $0.50 lower strike
#VXXContango
Lots of VXX and UVXY Calls and Bear Call Spreads will be expiring this week
Stocks – Dividend capture
Sold ESS at $204.75
Sold ARE at $123.43
Sold AVB at $162.52
All three of these went Ex-dividend today. I had small gains in these tiny positions so last night I put in sell orders for today at yesterday’s high trade price, never expecting for them to fill after big dividends were no longer included for the buyers.
Since these are all REIT’s, I really think I will get better entry prices in the next 3 months. (52 week lows are about 9 points lower for all three of these)
#RaisingCash
LABU
Bought to close LABU Mar 31 2023 4.0 Puts at $0.01.
Sold on a rolldown last Friday at $0.14
Rolled 1 LABU Mar 31 2023 5.5 Put to next week’s LABU Apr 06 2023 5.5 Put at $0.03 Credit
Sold LABU Apr 06 2023 5.5 Covered Calls at $0.07
SOXL VXX Calls
Sold SOXL Mar 31 2023 17.5 Calls at $0.20 and $0.29
Sold 1 SOXL Mar 31 2023 18.0 Calls at $0.19
Sold VXX Mar 31 2023 50.0 Calls at $0.33 and $0.35
#OnlySpreads
INTC
Seems that it is close to breaking out (about to cross above the 200-day MA). The MU earning announcement helped
BOIL
Sold to close some of my long BOIL Apr 21 20223 3.0 Puts at $0.35. Bought on 03/06/2023 at $0.17
Sold to Open BOIL 03/31/2023 4.0 Covered and Diagonal Calls at $0.05, $0.06, $0.07 and $0.08
Long stock from last week’s put assignments and still short 3.5 and 4.0 Puts for this week.
#OnlySpreads
BOIL SOXL VXX Puts
Sold 1 BOIL Mar 31 2023 3.5 Put at $0.20
Sold 1 SOXL Mar 31 2023 14.0 Put at $0.20
Sold SOXL Mar 31 2023 13.5 Puts at $0.14
Calls yesterday, Puts today
Sold 1 VXX Mar 31 2023 44.0 Put at $0.21
Sold 1 VXX Mar 31 2023 43.5 Put at $0.11
#OnlySpreads
LABU BOIL UVXY VXX
Sold LABU Mar 31 2023 5.0 Calls at $0.12, $0.13 and $0.15
Sold BOIL Mar 31 2023 5.5 Covered Calls at $0.05
Sold 1 BOIL Mar 31 2023 3.5 Put at $0.15
Sold BOIL Mar 31 2023 4.0 Puts at $0.35 and $0.45
Sold UVXY Mar 31 2023 5.0 Puts at $0.19 and $0.21
A new Call Ladder for this week
Sold 1 VXX Mar 31 2023 57.0 Call at $0.58
Sold 1 VXX Mar 31 2023 58.0 Call at $0.47 and $0.59
Sold 1 VXX Mar 31 2023 59.0 Call at $0.47
Sold 1 VXX Mar 31 2023 60.0 Call at $0.42
Sold 1 VXX Mar 31 2023 62.0 Call at $0.38
#OnlySpreads
OptionsExpiration
Made the most money this week by fading the big VIX spike. Rolled a lot of VXX and UVXY Covered Calls to next week
==Expired==
BOIL 2/4 Bull Put Spread
LABU 8/6 Bear Call Spread
SOXL 20/17 Bear Call Spreads
SOXL 20/18 Bear Call Spread
UVXY 5.0 Diagonal Puts
UVXY 8/6 Bear Call Spreads
UVXY 8/6.5 Bear Call Spreads
UVXY 8.5/7 Bear Call Spreads
UVXY 9/7.5 Bear Call Spreads
UVXY 9.5/7.5 Bear Call Spread
VXX 43.5 Diagonal Put
VXX 44.5 Diagonal Puts
VXX 46.0 Diagonal Puts
VXX 47.0 Diagonal Puts
VXX 66/53 Bear Call Spread
VXX 67/56 Bear Call Spread
VXX 70/56 Bear Call Spread
VXX 73/59 Bear Call Spread
VXX 72/60 Bear Call Spread
FRC 6.0 Put
UAA 8.5 Put
==Assignments==
Early Assignment on BOIL 6.5 and 6.0 Puts
Adjusted costs are $5.17 and $4.84
(I’ll start writing calls on the stock next week)
VXX Calls
Bought to close 1 VXX 03/24/2023 54.0 Call at $0.01
Sold on a roll last Friday at $2.61
Bought to close 1 VXX 03/24/2023 55.0 Call at $0.01
Sold earlier this week at $0.52
FRC Put
My first gamble in this has paid off so trying again for next week
(This week’s FRC 03/24/2023 6.00 Put is about to expire)
Sold 1 FRC 03/31/2023 3.5 Put at $0.28.
Stock is currently trading at $12.12
Once again: Playing this like I would a cheap biotech stock approaching a binary event like a new drug approval
VXX Puts
Bought to close VXX Mar 24 2023 47.5 Puts at $0.01.
Sold at $0.30, $0.35 and $0.70 on Tuesday
(The premium of this one position covered the cost of ALL my long April VXX Puts)
Rolled them to VXX Mar 31 2023 44.0 Puts at $0.18. Lowered the short strike 3.5 Points.
#VXXContango
LABU BOIL Puts rolled
Bought to close LABU Mar 24 2023 4.5 Puts at $0.12. Sold at $0.16
Rolled them to LABU Mar 31 2023 4.0 Puts at $0.14 for a $0.02 Credit but a big $0.50 improvement in the short strike
Bought to close 1 BOIL Mar 24 2023 4.5 Put at $0.45
Rolled to 1 BOIL Mar 31 2023 4.5 Put at $0.63 for a $0.18 Credit
Stocks
Tiny trades for some more high yielders
Bought KSS at $21.40
Bought LNC $20.18
Bought VNO at $13.29
Bought TSN at $56.00
Bought CPT at $99.00
Bought MTB at $112.59
Bought ARE at $117.00
Bought AVB at $155.00
#SP500 #FallingKnife
VIX
is exploding higher again
VXX
Rolled 1 VXX Mar 24 2023 56.0 Covered Call to 1 VXX Mar 31 2023 58.0 Covered Call at $0.78 Credit.
Pushed the short strike up 2 points
Rolled 1 VXX Mar 24 2023 57.0 Covered Call to 1 VXX Mar 31 2023 59.0 Covered Call at $0.64 Credit.
Pushed the short strike up 2 points
Rolled VXX Mar 24 2023 47.5 Covered Calls to VXX Mar 31 2023 50.0 Covered Calls at $0.17 Credit.
Pushed the short strike up 2.5 points
Rolled old pre-split VXX1 Mar 24 2023 12.5 Puts to VXX1 Mar 31 2023 12.0 Puts at $0.03 Credit
Lowered the short strike $0.50.
Bought to close VXX Mar 24 2023 45.0 Puts at $0.01. Sold earlier this week at $0.12 and $0.22
#VXXContango
UVXY Rolls
Partial Position
Bought to close UVXY Mar 24 2023 5.0 Covered Calls at $0.16 and $0.17
Sold to open UVXY Mar 31 2023 5.5 Covered Calls at $0.23 and $0.24
Rolled out my UVXY Mar 24 2023 5.5 Puts to next week for a $0.19 Credit
Stocks
Didn’t notice yesterday’s tiny fills of some high yielders with all the Fed drama
Bought AAP at $117.00
Bought ESS at $202.80
#SP500 #FallingKnife
SPY OptionsExpiration
1 SPY Mar 22 2023 403.0 Call, sold yesterday on a rollup at $1.26.
No more short calls or puts on SPY at the moment. 🙂
Markets
Remember, the first 37 moves are a head fake.
SPY on the Fed move
Sold to close one of my long hedges: 1 SPY 03/22/2023 408.0 Call at $0.30
2 hours until expiration
VXX Call Rolled and Put sold
I still have some of the old VXX pre-split Covered Calls
Bought to close VXX1 Mar 24 2023 11.5 Calls at $0.61. Sold on a roll last week at $1.90.
Rolled them to VXX1 Mar 31 2023 12.0 Calls at $0.66 for a $0.05 Credit.
(Like rolling 46.0 Calls to 48.0 Calls)
Also sold 1 VXX 03/24/2023 43.5 Put at $0.15.
#OnlySpreads
VIX index is not worried
Not about banks. Not about the Fed either
CHART OF THE DAY
SPY OptionsExpiration
1 SPY 365/386 Bull Put Spread
No short SPY puts left going into tomorrow’s fed announcement
SPY Call
The last few minutes of trading pushed my SPY call in the money. Rolling!!
Bought to close 1 SPY Mar 21 2023 398.0 Call at $1.07
Rolled it to 1 SPY Mar 22 2023 403.0 Call at $1.26 for a $0.19 Credit at a 5 point higher strike.
My short put for today will expire.
#OnlySpreads
Markets
Chart of the day
Median revenue growth is about to turn negative for the first time while these stocks still trade at over 22x earnings.
Options Bistro 