Sold 1 VXX Jun 23 2023 28.0 Call at $0.70
Author Archives: Option Iceman
CMA SOXL LABU Risk on
Sold 1 CMA Jun 23 2023 45.5 Call at $0.38
Sold SOXL Jun 23 2023 27.0 Calls at $0.51 and $0.52
Sold SOXL Jun 23 2023 22.5 Puts at $0.14
Sold LABU Jun 23 2023 7.5 Calls at $0.12
Sold LABU Jun 23 2023 6.5 Puts at $0.13 and $0.14
#OnlySpreads
CMA SOXL LABU VXX Risk off
Bought to Close 1 CMA Jun 16 2023 43.5 Call at $0.05
Bought to Close 1 VXX Jun 16 2023 34 Call at $0.01
Bought to Close 1 VXX Jun 16 2023 33 Call at $0.01
Bought to Close 1 VXX Jun 16 2023 31 Call at $0.01
Bought to Close 1 SOXL Jun 16 2023 28 Call at $0.01
Bought to Close SOXL Jun 16 2023 27 Calls at $0.01
Bought to Close LABU Jun 16 2023 7.5 Calls at $0.01
SPY FDX INTC stocks
Sold the last of my tiny SPY position at $439.44. Bought this lot on 10/13/2022 at $349.43. Very close to the recent high (at least for a little while)
Sold out of my tiny INTC position in one account at $36.01. The Q2 dividend was cut from $0.365 to $0.125 so the yield is no longer attractive. Bought this 10 times from Jan 2022 at $47.87 until Oct 2022 at $25.73. Only made 1.1% overall without the dividends
Sold half of my tiny remaining position in FDX at $236.00. Bought on 09/16/2022 at $160.00
#FormerFallingKnife #RaisingCash
PNC TGT
Sold PNC Jun 16 2023 131 and 132 Calls at $0.20 and $0.10 while also selling PNC Jun 16 2023 125 Puts at $0.19
#1DTE
Bought to close TGT Jun 16 2023 123 Puts at $0.01. Sold earlier this week at $0.56 and $0.57
#OnlySpreads
VXX scalps
Sold VXX Jun 16 2023 29.0 Calls at $0.13, $0.14 and $0.16
Rolled down Jun 16 2023 35.0, 34.0 and 33.0 Covered Calls and sold VXX Jun 16 2023 28.0 Covered Calls at Credits of $0.23, $0.26 and $0.29.
I might have to cover them tomorrow, but that’s OK with me because my stock will be strong and rolling up will be easy.
Bought to close 1 VXX Jun 16 26.0 Put at $0.01. Sold earlier this week at $0.14
VXX SOXL LABU CMA ZION
Sold 1 VXX Jun 16 2023 31.0 Call at $0.24
Sold SOXL Jun 16 2023 27.0 Calls at $0.48 and $0.53
Sold LABU Jun 16 2023 8.0 Calls at $0.10, $0.11 and $0.12
Sold CMA Jun 16 2023 36.5 Puts at $0.37
Sold 1 ZION Jun 16 2023 27.0 Put at $0.49
Sold ZION Jun 16 2023 26.50 Puts at $0.25 and $0.42
SPY
Sold a tiny bit of SPY at it’s old 52-week high of $431.73
Bought on 09/30/2022 at $357.15
Have 1 more tiny bit at $349.43
VXX
Falling hard here. Closing some long puts approaching expiration
Sold to close VXX 06/16/2023 28.0 Puts at $0.68, $0.72 and $0.76
Bought at $0.03 in late April and early May
Sold to close 1 VXX 06/16/2023 27.0 Put at $0.34
Bought at $0.03 in early April.
Sold to close 1 VXX 06/16/2023 26.0 Put at $0.11
Bought at $0.03 in early April.
New long Puts
Bought VXX Sep 15 2023 15.0 Puts at $0.04
Bought VXX Aug 18 2023 17.0 Puts at $0.03 and $0.04
Bought VXX Jul 21 2023 21.0 Puts at $0.04
#VXXContang0
Trades
Sold 1 CMA 06/09/2023 44.5 Call at $0.73
Sold 1 ZION 06/09/2023 32.5 Call at $0.15
Sold 1 SOXL 06/09/2023 24.0 Call at $0.27
Bought to close VXX 06/09/2023 38.0 and 39.0 Calls at $0.02
Sold VXX 06/09/2023 31.0 Calls at $0.19, $0.20, $0.21, $0.24 and $0.25
#DoubleDip
Sold VXX 06/16/2023 33.0 Calls at $0.47
PNR WHR ESS AVB stocks
Lightening up on some OLD tiny stock positions:
Sold out of PNR at $60.48 and $60.85, just pennies from the 52-week high.
Bought in March, May and September 2022 at $54.00, $48.00 and $42.45
Sold WHR at $144.60. Bought in September 2022 at $139.53.
Sold ESS at $231.01. Bought in October and November 2022 at $230.00 and $$207.00
Sold AVB at $185.78. Bought in October 2022 at $175.00
#FormerFallingKnife #RaisingCash
SOXL
Sold SOXL Jun 16 2023 17.5 Puts at $0.18 and $0.19
Offsetting this week’s short calls in SOXL
Trades
Sold BOIL Jun 16 2023 3.0 Covered Calls at $0.12
Sold BOIL Jun 23 2023 3.5 Covered Calls at $0.05
Sold 1 KRE Jun 09 2023 39.0 Put at $0.15
Sold 1 KRE Jun 09 2023 38.5 Put at $0.11
Sold LABU Jun 09 2023 7.5 Calls at $0.06
Sold 1 TGT Jun 09 2023 125.0 Put at $0.46
Sold UVXY Jun 23 2023 4.0 Covered Calls at $0.07
Sold VXX Jun 09 2023 34.0 Covered Calls at $0.30 and $0.33
Sold 1 VXX Jun 09 2023 35.0 Covered Call at $0.23
Sold VIXW Jun 07 2023 17.0 Calls at $0.25 and $0.32
LABU Calls
Rolled LABU May 02 2023 6.0 Calls out a week at $0.12 Credit
Rolled LABU May 02 2023 6.5 Calls up to LABU May 09 2023 7.0 Calls at $0.02 Credit
#OnlySpreads
TEL VZ Stock
Sold my last tiny bit of TEL at $126.01 Bought on 06/16/2022 at $115.91.
#FormerFallingKnife
Added to my tiny position in VZ on the open at 34.43. Div = 7.3%
#FallingKnife
VIX Puts
Sold 1 VIX Jun 21 2023 15.0 Put Net Credit at $0.23
Buy to Open 1 Contract VIX Jun 21 2023 13.0 Put at $.03 for a $0.20 Credit
SOXL Calls
Bought to close SOXL Jun 02 2023 18.0 Diagonal Calls at $3.95. Sold last week on a roll at $4.58
Rolled out to SOXL Jun 09 2023 18.0 Calls at $4.00
Bought to close 1 SOXL Jun 02 2023 19.0 Diagonal Call at $3.10. Sold last week on a roll at $3.40
Rolled out to 1 SOXL Jun 09 2023 19.0 Call at $3.25
Bought to close 1 SOXL Jun 02 2023 20.0 Diagonal Call at $1.70. Sold last week on a roll at $3.15
Rolled up to 1 SOXL Jun 09 2023 20.5 Call at $1.72
Bought to close 1 SOXL Jun 02 2023 24.0 Diagonal Call at $0.01. Sold at $0.76
Bought to close 1 SOXL Jun 02 2023 24.5 Diagonal Call at $0.01. Sold at $0.62
Bought to close 1 SOXL Jun 02 2023 25.0 Diagonal Call at $0.01. Sold at $0.58
VIX Index
A new 52-week low in the VIX this morning at 15.07
VXX Calls
Bought to close VXX Jun 02 2023 44.0 Covered Calls at $0.01. Sold Tuesday at $0.14
Rolled down for a #DoubleDip Trade
Sold VXX Jun 02 2023 34.0 Calls at $0.18
Rolling VFC
Once again rolling this down
Bought 1 VFC Jun 02 2023 18 Put / Sold 1 VFC Jun 09 2023 17.5 Put at $0.05 Credit
Also Sold to Open 1 VFC Jun 09 2023 16.0 Put at $0.21 for next week
#OnlySpreads
ATVI Stock
I had a lot of patience with this one because Microsoft said they were going to buy them out.
Not so much. 😦
Liquidated my tiny position in ATVI at $80.90.
Bought twice in November 2021 at $65.88 and at $60.00.
Made an OK return of about 28% over about a year and a half
#FormerFallingKnife #RaisingCash
SYY Put
Bought to close 1 SYY Jun 02 2023 69.0 Put at $0.05. It can’t trade any lower.
Sold Tuesday at $0.30
VIX Iron Condor
Bought to Open 1 VIXW Jun 07 2023 14.0 Put at $0.02
Sold to Open 1 VIXW Jun 07 2023 16.0 Put at $0.32 for a $0.30 Credit
Bought to Open 1 VIXW Jun 07 2023 31.0 Call at $0.05
Sold to Open 1 VIXW Jun 07 2023 21.0 Call at $0.19 for a $0.14 Credit
#OnlySpreads
MMM Stock
Added to my tiny position on MMM at $93.50. Div = 6.25%
#SP500 #FallingKnife
KRE VXX
Sold 1 KRE Jun 02 2023 37.5 Put at $0.15
Sold 1 VXX Jun 02 2023 40 Call at $0.11
Sold 1 VXX Jun 02 2023 39.5 Call at $0.12
Sold 1 VXX Jun 02 2023 33.0 Put at $0.23
#OnlySpreads
NVDA Call Spread closed
Bought to close 1 NVDA 06/02/2023 420.0 Call at $0.68
Sold to close 1 NVDA 06/09/2023 465.0 Call at $0.74 for a $0.06 Credit on the way out.
Got $1.12 credit on the way in.
Releases $4500 in margin 2 days early
In this less than 24 hours
#WinWin
TNA Puts
Sold TNA Jun 02 2023 26 Puts at $0.10
Sold against old long Puts
#OnlySpreads
AAP Put
Post-earnings
Bought 1 AAP 06/16/2023 60.00 Put at $0.17
Sold 1 AAP 06/02/2023 75.00 Put at $1.52 for a $1.35 Credit
#OnlySpreads
VXX
Sold 1 VXX Jun 02 2023 40.5 Call at $0.16
Sold 1 VXX Jun 09 2023 32.0 Put at $0.26 #VXXContango
#OnlySpreads
SPAXX
Hard to compete against this FIDELITY GOVERNMENT MONEY MARKET yield of 4.75%
So I’ll be less likely to buy low yielding stocks
VIXspire
I’m expecting these to expire on the open tomorrow
VIX 40/26 Bear Call Spread
VIX 39/26 Bear Call Spreads
VIX 38/25 Bear Call Spreads
VIX 37/25 Bear Call Spread
VIX 36/25 Bear Call Spread
VIX 35/24 Bear Call Spread
VIX 34/23 Bear Call Spread
VIX 14/16 Bull Put Spreads
#OnlySpreads
VXX Call Ladder and VIX Call Spreads
Sold VXX 06/02/2023 38.5 Calls at $0.34 and $0.40
Sold VXX 06/02/2023 39.0 Calls at $0.32, $0.33 and $0.36
Sold VXX 06/02/2023 39.5 Calls at $0.28 and $0.32
Bought VIX Jun 07 2023 32.0 Calls at $0.07
Sold VIX Jun 07 2023 23.0 Calls at $0.27 for a $0.20 Credit
(This week’s positions expire on the open tomorrow)
#OnlySpreads
TGT Puts
Bought 1 TGT Jun 09 2023 120.00 Put at $0.29 while selling 1 TGT Jun 02 2023 130.00 Put at $0.70 for a $0.41 Credit
#OnlySpreads #FallingKnife
Strong market, weak stocks
All diagonal Spreads on #FallingKnife stocks:
Bought 1 MOS 06/09/2023 27.0 Put while selling 1 MOS 06/02/2023 32.0 Put for $0.15 Credit
Bought 1 CF 06/09/2023 53.0 Put while selling 1 CF 06/02/2023 60.0 Put for $0.20 Credit
Bought 1 SYY 06/16/2023 60.0 Put while selling 1 SYY 06/02/2023 69.0 Put for $0.20 Credit
Bought 1 BMY 06/09/2023 57.0 Put while selling 1 BMY 06/02/2023 62.0 Put for $0.16 Credit
Bought 1 WBA 06/09/2023 25.0 Put while selling 1 WBA 06/02/2023 29.0 Put for $0.12 Credit
Bought 1 AMGN 06/09/2023 195.0 Put while selling 1 AMGN 06/02/2023 210.0 Put for $0.27 Credit
Bought 1 PNC 06/09/2023 105.0 Put while selling 1 PNC 06/02/2023 115.0 Put for $0.30 Credit
#OnlySpreads
LABU KRE VFC CMA ZION
Sold LABU Jun 02 2023 6.5 Calls at $0.24, replacing calls that expired Friday
Sold VFC Jun 02 2023 17.0 Puts at $0.15, replacing puts that expired Friday
Sold 1 KRE Jun 02 2023 38.0 Put at $0.18
Sold 1 KRE Jun 02 2023 37.0 Put at $0.09
Both replacing Puts that expired Friday
Sold 1 CMA Jun 02 2023 40.0 Covered Call at $0.16
Sold 1 CMA Jun 02 2023 40.5 Diagonal Call at $0.15
Both replacing similar calls that expired Friday
Sold ZION Jun 02 2023 30.0 Covered and Diagonal Calls at $0.33, replacing calls that expired Friday
OptionsExpiration
BOIL 3.5 Covered and Diagonal Calls
CMA 40.0 Covered Call
CMA 41.5 Diagonal Call
CMA 43.0 Diagonal Call
HD 245/270 Bull Put Spread
LABU 7.5 Calls
KRE 26/38.5 Bull Put Spread
PFE 34/36.5 Bull Put Spread
PNC 129/124 Bear Call Spreads
QCOM 99.0 Diagonal Put
TNA 15/27 Bull Put Spreads
UVXY 4.0 Diagonal Calls
UVXY 4.5 Covered Calls
UVXY 7/5 Bear Call Spreads
VFC 17.5 Diagonal Put
VFC 16.5 Diagonal Put
VXX 54/44.5 Bear Call Spread
VXX 53/44 Bear Call Spread
VXX 52/43.5 Bear Call Spreads
VXX 51/43 Bear Call Spreads
VXX 50/42.5 Bear Call Spreads
VXX 49.5/42 Bear Call Spread
VXX 38.0 Covered Calls
VXX 36.0 Diagonal Calls
VXX 34.0 Diagonal Puts #VXXContango
VXX 33.0 Diagonal Puts #VXXContango
ZION 29.0 Covered Call
LABU Call Rolls
Tried to roll these up for the last two days but couldn’t get it done
Bought to close LABU May 26 2023 6.0 Diagonal Calls at $0.31. Sold on a roll last week at $0.67
Sold LABU Jun 02 2023 6.0 Calls at $0.49 for a $0.18 Credit
#OnlySpreads
KRE CFG ZION
Tiny buys:
CFG at $26.32 Div = 5.91%
KRE at $40.00 Div = 3.51%
ZION at $22.55 Div = 6.11%
#FallingKnife
UVXY VXX
Well, that was kind of fun while it lasted
Sold UVXY May 12 2023 5.0 Covered Calls at $0.05
Sold UVXY May 05 2023 6.5/4.5 Bear Call Spreads at $0.05 Credit
Sold UVXY May 19 2023 5.0 Diagonal Calls at $0.10, $0.13 and $0.15
Sold VXX May 05 2023 44.0 Diagonal Calls at $0.16 and $0.20
Sold VXX May 05 2023 43.5 Diagonal Call at $0.19
Sold VXX May 05 2023 43.0 Diagonal Call at $0.20
Sold VXX May 05 2023 42.5 Diagonal Calls at $0.23 and $0.85
Sold VXX May 05 2023 42.0 Diagonal Calls at $0.33 and $0.78
Sold VXX May 05 2023 41.5 Diagonal Calls at $0.39 and $0.78
Sold VXX May 05 2023 41.0 Diagonal Calls at $0.42 and $0.73
VIX Puts
Closed 1 of my VIXW May 03 2023 15/17 Bull Put spreads at $0.02
Sold at $0.28
#OnlySpreads
VIX Index
Another new low at $15.53
NO FEAR about the FED
VXX
Sold VXX May 05 2023 41.0 Covered Calls at $0.21, $0.22, $0.23, $0.24 and $0.25
Sold VXX May 05 2023 41.5 Covered Calls at $0.21 and $0.22
Sold VXX May 05 2023 42.0 Covered Calls at $0.20
Sold 1 VXX May 05 2023 37.0 Diagonal Put at $0.39
Liquidated some very old pre-split Long Puts
Sold to close VXX1 Sep 15 2023 6.0 Puts at $0.16
Sold to close VXX1 Jan 19 2024 5.0 Puts at $0.30 (partial fill)
LABU SOXL Calls
Sold LABU May 05 2023 6.0 Calls at $0.16, $0.18 and $0.21
Sold 1 LABU May 05 2023 6.5 Call at $0.08
Sold 1 SOXL May 05 2023 16.0 Call at $0.11
#OnlySpreads
FRC
OptionsExpiration
BOIL 4.0 Covered Call
BOIL 5.5 Covered Calls
FRC 17.5 Diagonal Call
LABU 6.5/6 Bear Call Spread
PNC 150/134 Bear Call Spread
PNC 145/133 Bear Call Spread
SOXL 20/16.5 Bear Call Spread
SOXL 11.5/12.5 Bull Put Spreads
SOXL 10/12 Bull Put Spread
UVXY 6.5/4.5 Bear Call Spreads
UVXY 5.0 Covered Calls
VXX 46.0,47.0 and 48.0 Covered Calls
many, many VXX Bear Call Spreads
SOXL Put Roll
Bought to close 1 SOXL Mar 28 2023 13.5 Put at $0.04. Sold on Monday at $0.16
Rolled to 1 SOXL 05/05/2023 12.5 Put at $0.18 for a $0.14 Credit
Bought to close SOXL Apr 28 2023 13 Puts at $0.01. Sold at $0.11 and $0.18.
Rolled to SOXL May 05 2023 12.5 Puts at $0.14 for a $0.13 Credit
#OnlySpreads
VXX Call Ladder
Starting in on next week
Sold 1 VXX May 05 2023 41.0 Call at $0.50
Sold 1 VXX May 05 2023 41.5 Call at $0.43
Sold 1 VXX May 05 2023 42.0 Call at $0.38
Sold 1 VXX May 05 2023 42.5 Call at $0.36
Sold 1 VXX May 05 2023 43.5 Call at $0.27
LABU Call Roll
Bought to close 1 LABU Mar 28 2023 5.5 Call at $0.08. Sold it last week on a roll at $0.45
Rolled to 1 LABU 05/05/2023 5.5 Call at $0.30 for a $0.22 Credit
#OnlySpreads
PNC Calls
For safety(I’m probably panicking for no reason), I rolled a couple of the 4 PNC short calls I’m carrying into the close up 5 p0ints for one more week:
Bought to close 1 PNC Mar 28 2023 131.0 Covered Call / Sold 1 PNC 05/05/2023 136.0 Covered Call at $0.10 Credit
Bought to close 1 PNC Mar 28 2023 132.0 Call / Sold 1 PNC 05/05/2023 137.0 Call at $0.34 Credit
Waiting to see if my 133 and 134 calls expire
FRC DISH Put Rolls
Bought to close 1 FRC Apr 28 2023 3.5 Put at $0.10. Sold on Tuesday at $0.20
Replaced it with 1 FRC May 05 2023 2.5 Put at $0.45
Straight out closed the other FRC Apr 28 2023 3.5 Put at $0.05. Sold at $0.15
Bought to close 1 DISH Apr 28 2023 7.0 Put at $0.05. Sold on a rolldown last Friday at $0.16
Replaced it with 1 DISH May 05 2023 6.5 Put at $0.25
HAS Stock
Sold out of a tiny position in one account:
Sold HAS at $58.57.
Bought on 11/16/2022 at $57.00 and again on 03/10/2023 at $50.98
#FormerFallingKnife #RaisingCash
VIX Puts
Bought 1 VIXW May 03 2023 16.0 Put at $0.04
Sold 1 VIXW May 03 2023 17.0 Put at $0.23.
Looks like I made the right decision to cover the 18.0 Put at $0.23 yesterday
#OnlySpreads
PFE Stock
Started a tiny new position in PFE at $39.00. Div = 4.1%
Q1 2023 Earnings Expected 05/02/2023
VXX Put
Sold 1 VXX Apr 28 2023 38.5 Put at $0.19.
Sold a whole lot of VXX Calls yesterday so no additional margin
PNC
A big move for a big regional bank considering it’s normal trading range is much calmer (from below 121.50 yesterday to about 128.50 today)
Putting on some diagonal bear call spreads for future weeks:
Bought 1 PNC May 12 2023 150.0 Call/ Sold 1 PNC May 05 2023 134.0 Call at $0.35 Credit
Bought 1 PNC May 19 2023 150.0 Call/ Sold 1 PNC May 05 2023 135.0 Call at $0.75 Credit
Bought 1 PNC May 19 2023 150.0 Call/ Sold 1 PNC May 12 2023 135.0 Call at $1.09 Credit
VIX Put
The VIX index seems to be retreating
Bought to close 1 VIXW May 03 2023 18.0 Put at $0.23. Sold at $0.29
Sold to open 1 VIXW May 03 2023 17.0 Put at $0.10 against a long position of a 16.0 Put
VIX OptionsExpiration
On 4/20 sold 1 VIXW Apr 26 2023 35/19 Bear Call Spread at $0.75 Credit
At 4:08 today, covered the short Call at $0.30.
Probably didn’t need to do that though but the VIX did get above 19.80 briefly
The other spread I sold later that day, 1 VIXW Apr 26 2023 30/20 Bear Call Spread sold at $0.42 will likely expire
The final settlement of the VIX contracts are determined on the open tomorrow
This is because it is an AM settled option.
VXX Call Ladder
Sold VXX Apr 28 2023 42.0 Calls at $0.60 and $0.69
Sold VXX Apr 28 2023 42.5 Calls at $0.43, $0.54 and $0.59
Sold VXX Apr 28 2023 43.0 Calls at $0.45, $0.52 and $0.53
Sold VXX Apr 28 2023 43.5 Calls at $0.41 and $0.43
Sold VXX Apr 28 2023 44.0 Calls at $0.33 and $0.36
Sold VXX Apr 28 2023 44.5 Call at $0.32
Sold VXX Apr 28 2023 45.0 Call at $0.28
Sold VXX Apr 28 2023 45.5 Call at $0.25
Sold VXX Apr 28 2023 46.0 Call at $0.22
Sold VXX Apr 28 2023 46.5 Calls at $0.20, $0.21 and $0.27
Sold VXX Apr 28 2023 47.0 Calls at $0.22 and $0.24
Sold 1 VXX Apr 28 2023 47.5 Call at $0.30
Sold 1 VXX Apr 28 2023 48.5 Call at $0.21
Pretty much done with VXX until Friday
KMB USB CFG Stocks
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
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
Options Bistro 