Bought to close SPY Nov 02 2022 376.0 Put / Sold 1 SPY Nov 04 2022 370.0 Put at $0.17 Credit for 2 more days
SPY Positions expired:
SPY Nov 02 2022 300/373 Bull Put spread
Author Archives: Option Iceman
LRCX ARE JCI Stock
Sold my last tiny lot of LRCX at $418.50. Bought on 10/13 at $302.09.
Sold a tiny lot of ARE at $146.91. Bought on 06/17 at $130.00.
Sold my last tiny lot of JCI at $59.59. Bought on 06/14 at $49.21.
#RaisingCash #FormerFallingKnife
TQQQ SOXL
Scalps before the Fed announcement:
Sold TQQQ Nov 04 2022 17.5 Puts at $0.17 and $0.19
Sold 1 TQQQ Nov 04 2022 23.0 Call at $0.19
Sold 1 TQQQ Nov 04 2022 23.5 Call at $0.13
Sold 1 TQQQ Nov 04 2022 24.0 Call at $0.09
Sold SOXL Nov 04 2022 11.5 Calls at $0.06
NVDA Stock
Sold all my tiny position in NVDA at $141.01, just slightly above my average cost.
#FormerFallingKnife #RaisingCash
SPY Put Ladder
I have lots of long puts left over from previous diagonal spreads, so I’m writing against them again with SPY at $386:
Sold 1 SPY Nov 02 2022 376.0 Put at $0.64 (expires tomorrow)
Sold 1 SPY Nov 04 2022 370.0 Put at $0.60 (Expires Friday)
Sold 1 SPY Nov 07 2022 367.0 Put at $0.52 (Expires Monday)
ISRG Stock
Sold the last of my tiny ISRG position at $249.14. Bought on 05/06/2022 at $225.00
#FormerFallingKnife #RaisingCash
SOXL Calls
Sold SOXL Nov 04 2022 11.0 Calls at $0.11
TQQQ Call Ladder
Sold TQQQ Nov 04 2022 24.5 Calls at $0.19
Sold 1 TQQQ Nov 04 2022 24.0 Call at $0.28
Sold TQQQ Nov 04 2022 23.5 Calls at $0.36 and $0.37
Sold TQQQ Nov 04 2022 23.0 Calls at $0.49 and $0.52
Sold TQQQ Nov 04 2022 22.5 Calls at $0.66
Replacing calls that expired Friday
LRCX Stock
Sold half of my remaining LRCX stock at $410.01. Just slightly above my buy on 07/01/2022 at $409.10
The remaining buy was on 10/13 at $302.09 just after earnings. I’ll hold that.
LABU SPY SLV TLRY TNA UVXY VXX
Replacing a whole bunch of positions that expired Friday
Sold LABU Nov 04 2022 9.0 Diagonal Calls at $0.15
Sold LABU Nov 04 2022 8.5 Covered Calls at $0.30
Sold 1 SPY Nov 04 2022 367.0 Diagonal Put at $0.66
Sold 1 SPY Nov 02 2022 373.0 Diagonal Put at $0.68
Sold 1 SPY Oct 31 2022 379.0 Put at $0.17 (due to expire today)
Sold SLV Nov 04 2022 17.0 Diagonal Puts at $0.12
Sold TLRY Nov 04 2022 4.5 Covered Calls at $0.04
Sold TNA Nov 04 2022 45.0 Diagonal Calls at $0.24
Sold TNA Nov 04 2022 44.0 Diagonal Calls at $0.34
Sold 1 TNA Nov 04 2022 43.0 Diagonal Call at $0.51
Sold UVXY Nov 04 2022 11.0 Diagonal Calls at $0.16
Sold UVXY Nov 04 2022 9.5 Diagonal Puts at $0.11, $0.13 and $0.14 (DTE = 4)
Bought UVXY Dec 16 2022 7.0 Puts at $0.07 and $0.08 (DTE= 46)
Bought UVXY Jan 20 2023 6.0 Puts at $0.11 (DTE= 81)
Bought UVXY Feb 17 2023 5.0 Puts at $0.12 (DTE= 109)
#UVXYContango)
Sold VXX Nov 04 2022 20.0 Diagonal Calls at $0.10
Sold VXX Nov 04 2022 17.5 Diagonal Puts at $0.16, $0.17, $0.19, $0.20 and $0.22 (DTE = 4)
Bought VXX Dec 16 2022 14.0 Puts at $0.06 and $0.07 (DTE = 46)
Bought VXX Jan 20 2023 13.0 Puts at $0.18 and $0.20 (DTE = 81)
#VXXContango
SPY Put
Sold 1 SPY Oct 28 2022 368.0 Put at $0.22 at 4:01.
I wonder if Amazon’s earnings were out by then
A one day scalp
#OnlySpreads
SPY Put – TNA Calls
One day scalps:
Sold 1 SPY Oct 28 2022 373.0 Put at $0.49
Sold TNA Oct 28 2022 39.5 Calls at $0.14
Russell 2000 is out performing both the NASDAQ and the S&P, which are both down on the day
VXX Puts
Sold VXX Oct 28 2022 18.0 Puts at $0.06, $0.07 and $0.08
VXX low so far today is $18.26 and these would expire tomorrow.
TQQQ Put rolled down
Bought to close 1 TQQQ Oct 28 2022 21.0 Put at $0.62. Sold last week on another rolldown at $2.24.
Sold 1 TQQQ Nov 04 2022 19.5 Put at $0.73 for an $0.11 Credit.
Hopefully this one will actually expire.
CAT DVA GE TT XYL Stock
Culling some more of my lower dividend payers at gains.
Sold my tiny CAT position at $$210.15. Bought on 02/24/2022 at $182.00
Sold my DVA position just slightly above my average breakeven at $99.35
Sold my GE position just slightly above my average breakeven at $77.50
Sold the rest of my TT at $157.35. Bought on 06/16/2022 at $121.93
Sold the rest of my XYL at $100.21. Bought on 03/07/2022 at $82.70
#FormerFallingKnife #RaisingCash
ETSY Stock
Culling some more of my no-dividend payers at gains.
Sold all my ETSY position just slightly above my average breakeven at $106.00.
#FormerFallingKnife #RaisingCash
TNA and TQQQ Calls
Sold TNA Oct 28 2022 35.0 Calls at $0.73 and $0.79
Sold 1 TNA Oct 28 2022 35.5 Call at $0.76
Sold TNA Oct 28 2022 37.0 Calls at $0.30
Sold 1 TNA Oct 28 2022 37.5 Call at $0.21
Sold TQQQ Oct 28 2022 24.0 Calls at $0.25
VXX and UVXY Puts
Sold UVXY Oct 28 2022 11.0 Puts at $0.07 and $0.10
Sold VXX Oct 28 2022 19.0 Puts at $0.07, $0.08 and $0.12
Sold VXX Oct 28 2022 19.5 Puts at $0.20
ISRG ROST DHI IEX ROK XYL Stocks
Culling some more of my no/low dividend payers at gains.
Sold all my ISRG position just slightly above my average breakeven at $231.03.
Sold my tiny ROST position at $90.70. Bought on 07/01/2022 at $69.44
Sold all my remaining DHI at $74.20 and $74.88. Bought on 04/07/2022 at $70.00 and on 05/11/2022 at $64.77
Sold my tiny IEX position at 210.90. Bought on 05/12/2022 at $181.40
Sold my tiny ROK position at $241.30. Bought on 05/10/2022 at $200.00
Sold half of my tiny XYL position at $97.45. Bought on 02/04/2022 at $88.00
#FormerFallingKnife #RaisingCash
VXX Call Profits
Liquidating some excess long calls left over from last weeks diagonal spreads
Sold VXX Oct 07 2022 25.0 Calls at $0.46. Bought at $.0.12 and $0.14
Sold VXX Oct 07 2022 25.5 Calls at $0.36. Bought at $.0.16
Sold VXX Oct 07 2022 28.0 Calls at $0.24. Bought at $0.06
#WinWin
Stocks
Bought at new lows:
IVZ at $14.44 Div = 5.06%
KEY at $16.00 Div = 4.84%
NWL at $14.19 Div = 6.44%
OGN at $25.00 Div = 4.45%
TFC at $43.00 Div = 4.79%
VNO at $22.87 Div = 9.08%
VTRS at $8.43 Div = 5.63%
Pulling most of my remaining buy orders except for SPY and QQQ
Bought SPY at $362.16
#Sp500 #FallingKnife
SOXL Puts
Sold SOXL Sep 30 2022 8.5 Diagonal Puts at $0.21, replacing last week’s SOXL 9.0 Puts covered at a penny on Friday
Markets
You know it’s a BEAR Market when:
75% of stocks are declining today
2630 new lows vs. 47 new highs today
Only 11% of stocks above their 50 day MA
Only 13% of stocks are above their 200 day MA
(Stats courtesy of Finviz.com)
Stocks
A smaller list of tiny buys so far today:
VFC at $35.00 Div = 5.58%
IP at $32.00 Div = 5.58%
INTC at $27.00 Div = 5.30%
FDX at $144.00 Div = 3.08%
CE at $89.00 Div = 2.98%
#SP500 #FallingKnife
SLV Puts
Sold SLV Sep 30 2022 16.5 Diagonal Puts at $0.10 replacing SLV 17.0 Puts that expired Friday
VXX Long term Puts
Bought VXX Jan 20 2023 11.0 Puts at $0.10 to write more weekly puts against
#VXXContango
TNA
Additional Calls
Sold TNA Sep 30 2022 34.0 Calls at $0.53 and $0.55
Sold TNA Sep 30 2022 34.5 Call at $0.43
TNA TQQQ VXX LABU Calls
Sold all these on the open replacing calls that expired Friday:
TNA Sep 30 2022 35.0 Call at $0.23
TNA Sep 30 2022 34.5 Call at $0.27
TNA Sep 30 2022 34.0 Call at $0.26
TQQQ Sep 30 2022 26.5 Calls at $0.06
TQQQ Sep 30 2022 26.0 Calls at $0.08
TQQQ Sep 30 2022 25.0 Calls at $0.19
TQQQ Sep 30 2022 24.5 Calls at $0.24
TQQQ Sep 30 2022 24.0 Calls at $0.33
VXX Sep 30 2022 22 Calls at $0.40, $0.42 and $0.44
LABU Sep 30 2022 8 Calls at $0.10
#CoveredCalls #OnlySpreads
VXX Calls
For next week
Sold VXX Sep 30 2022 23.0 Diagonal Calls at $0.45
Sold VXX Sep 30 2022 24.0 Diagonal Calls at $0.34
#OnlySpreads
OptionsExpiration
It’s a Bear Market.
Lots of Covered and Diagonal Calls expired in LABU, TNA, TQQQ and even in VXX (unexpected).
Some Puts were rolled down in TNA and TQQQ, and some calls rolled up in UVXY.
Puts in UVXY and VXX were major gainers. And plenty of VXX puts are still on the books for next week.
==Expired==
LABU 14/10.5 Bear Call Spreads
LABU 9.0 Covered Calls
SLV 17.0 Diagonal Puts
TNA 40/40.5/41 Covered Calls
TNA 41.5 Diagonal Call
TNA 48.5/42 Bear Call Spreads
TNA 50/42.5 Bear Call Spreads
TQQQ 27/27.5/28 Covered Calls
TQQQ 36/28.5 Bear Call Spreads
TQQQ 37.5/28 Bear Call Spreads
TQQQ 20.0 Diagonal Puts
TQQQ 19.5 Diagonal Put
UVXY 20.5/12 Bear Call Spreads
UVXY 9.5 Diagonal Puts — #UVXYContango
UVXY 9.0 Diagonal Puts — #UVXYContango
VXX 28/21.5 Bear Call Spreads
VXX 25/21 Bear Call Spreads
VXX 21.0 Diagonal Calls
VXX 20.5 Diagonal Calls
VXX 18.5 Diagonal Puts — #VXXContango
VXX 18.0 Diagonal Puts — #VXXContango
VXX 17.5 Diagonal Puts — #VXXContango
VXX 17.0 Diagonal Puts — #VXXContango
VXX 16.5 Diagonal Puts — #VXXContango
== Assignments==
None
SOXL Puts closed and rolled
Bought to close SOXL Sep 23 2022 9.5 Puts at $0.01. Sold this morning at $0.19 for a scalp trade and on Monday at $0.17
Bought to close SOXL Sep 2022 10.0 Diagonal Puts at $0.18. Sold on Monday at $0.25.
Sold to open SOXL Sep 30 2022 9.0 Puts at $0.38 for a $0.20 Credit
Stocks
As markets test the June 2022 lows I’m making tiny buys on Higher dividend payers. Biggest one day buying since then.
When SPY and QQQ reach their old lows, I’ll switch to those stocks and suspend most other buys.
LYB at $72.00
PARA at $20.00
DLR at $104.00
STX at $58.00
OGN at $26.00
USB at $42.00
PRU at $89.00
T at $16.00
PKG at $114.10
CFG at $34.00
WHR at $139.53
LUMN at $8.00
FRT at $89.18
CMCSA at $32.00
CFG at $34.00
LNC at $44.00
DD at $51.50
SWK at $80.00
RL at $86.00
IVZ at $15.20
MMM at $113.17
SPG at $90.76
#SP500 #FallingKnife
SOXL Puts Rolled
Bought to close SOXL Sep 23 2022 10.5 Puts / Sold SOXL Sep 30 2022 10.0 Puts at $0.10 Credit
VXX Puts
Rolled my largest short put position:
Bought VXX Sep 23 2022 19.5 Puts at $0.35. Sold last week on a rolldown at $1.04.
Sold to Open VXX Sep 30 2022 18.5 Puts at $0.37 for a $0.02 Credit and a full point better on the short strike.
I’m now expecting my VXX 18.5, 18.0, 17.5, 17.0 and 16.5 Diagonal Puts to expire along with 20.5, 21.0 and 21.5 short calls.
#VXXContango #OnlySpreads
TNA Puts
Rolled 1 TNA Sep 23 2022 32.0 Diagonal Put to 1 TNA Sep 30 2022 31.0 Put at $0.24 Credit
Liquidated some long Puts for small gains. These expire today.
Sold to Close 1 TNA Sep 23 2022 31.0 Put at $0.78. Bought at $0.64
Sold to Close TNA Sep 23 2022 30.0 Puts at $0.40. Bought at an average price of $0.38
#WinWin #OnlySpreads
SOXL Puts Rolled down
These spent most of yesterday out of the money. Not so much now.
Bought to close SOXL Sep 23 2022 11.5 Puts / Sold SOXL Sep 30 2022 11.0 Puts for a $0.02 Credit and a half point better on the short strike
#OnlySpreads
VXX Puts Rolled down
Bought to close VXX Sep 23 2022 19.0 Puts at $0.32. Sold last week on a rolldown at $0.63.
Sold VXX Sep 30 2022 18.0 Puts at $0.38 for a $0.06 Credit and a full point better on the short strike
#VXXContango #OnlySpreads
Stocks
Tiny buys
Added BXP at $76.18 Div = 5.06%
Added EMN at $75.00 Div = 4.02%
Added IP at $34.00 Div = 5.40%
Added INTC at $28.08 Div = 5.13%
Added NWL at $15.00 Div = 6.04%
Added PARA at $20.88 Div = 4.49%
Added VTRS at $9.00 Div = 5.30%
Added VFC at $36.94 Div = 5.38%
Started REG at $55.00 Div = 4.47%
Started SPG at $93.00 Div = 7.31%
And one non-divvy stock
Added GOOGL at $98.87
#SP500 #FallingKnife
VXX Long term Puts
Bought VXX Nov 18 2022 12.0 Puts at $0.04.
Bought VXX Jan 20 2023 11.0 Puts at $0.15.
Bought VXX Jan 20 2023 10.0 Puts at $0.07.
Setting up additional longs to write weekly puts against
#VXXContango #OnlySpreads
These buys also lowered my option spread requirements in VXX for this week too 🙂
Inflation
When satire is indistinguishable from the real world and funny because it is actually true..
Stocks
Tiny buys post FED
Only one – sort of surprised there aren’t more
Bought VZ at $40.00 and $39.77 Div = 6.43%
#SP500 #FallingKnife
After the Fed
Sold VXX Sep 23 2022 20.5 Diagonal Calls at $0.12, $0.13 and $0.14
The VIX index briefly hit 30 before dropping back 10%
LABU TQQQ Covered Calls
Sold TQQQ Sep 23 2022 30.0 Calls at $0.07 and $0.09
Sold TQQQ Sep 23 2022 27.0 Call at $0.48 and $0.53
Sold TQQQ Sep 23 2022 27.5 Call at $0.36 and $0.39
Sold TQQQ Sep 23 2022 28.0 Call at $0.27 and $0.29
Sold TQQQ Sep 23 2022 28.5 Call at $0.21
Sold LABU Sep 23 2022 9.0 Calls Limit at $0.10.
Waiting on the FED
Markets
2Y Treasury Yields Top 4.00% For First Time Since Oct 2007
JPM’s Fed Day Scenario Analysis: Market Could Have Best Day In History, Or Crash 5%
What is priced in right now:
+75bps today,
+75bps in Nov,
+50bps in Dec.
*ZeroHedge*
TQQQ Call Ladder
Sold TQQQ Sep 23 2022 27.0 Covered Call at $0.42
Sold TQQQ Sep 23 2022 27.5 Covered Call at $0.33
Sold TQQQ Sep 23 2022 28.0 Covered Call at $0.25
LVS
Sold all my tiny LVS position at a gain in a weak market
Sold LVS at $40.60 (near its 6-month high).
Bought in August 2021 at 40.00 and again in December at $35.00 (could have bought more at $30 but I stopped buying most no-divvy stocks this summer)
#FormerFallingKnife #RaisingCash
UVXY Calls
Some diagonal call spreads to pair off with yesterday’s put spreads
Bought UVXY Oct 07 2022 16.0 Calls / Sold UVXY Sep 23 2022 11.5 Calls at $0.02 Credit
Bought UVXY Oct 14 2022 16.0 Calls / Sold UVXY Sep 23 2022 11.0 Calls at $0.02 Credit
Bought UVXY Oct 14 2022 15.0 Calls / Sold UVXY Sep 23 2022 10.5 Calls at $0.10 Credit
Bought UVXY Oct 21 2022 16.0 Calls / Sold UVXY Sep 23 2022 10.5 Calls at $0.02 Credit
UVXY Spreads
Bought UVXY Feb 20 2023 4.0 Puts at $0.18 – DTE = 151
Bought UVXY Jan 20 2023 4.0 Puts at $0.07 – DTE = 123
Bought UVXY Dec 16 2022 5.0 Puts at $0.09 – DTE = 88
Bought UVXY Nov 18 2022 6.0 Puts at $0.08 – DTE = 60
Sold UVXY Sep 23 2022 9.5 Puts at $0.18, $0.19 and $0.20 -DTE = 4
#UVXYContango
Stocks
Tiny buys at new lows
LYB at $75.81 Div = 6.17%
VFC at $39.39 Div = 5.02%
#SP500 #FallingKnife
VXX Puts
New Diagonal spreads on the open. Replacing VXX long puts that expired Friday
The short side went in the money almost immediately, but it may not stay there, and I can roll the shorts weekly for more cash if necessary.
Bought to Open VXX Nov 18 2022 12.0 Puts at $0.18
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.31 at $0.13 Credit
Long DTE = 60
Short DTE = 4
Bought to Open VXX Dec 16 2022 12.0 Puts at $0.36
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.44 at $0.08 Credit
Long DTE = 88
Short DTE = 4
Bought to Open VXX Jan 20 2023 12.0 Puts at $0.41
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.44 at $0.03 Credit
Long DTE = 123
Short DTE = 4
Bought to Open VXX Mar 17 2023 8.0 Puts at $0.38
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.40 at $0.02 Credit
Long DTE = 179
Short DTE = 4
Bought to Open VXX Jun 16 2023 6.0 Puts at $0.32
Sold to Open VXX Sep 23 2022 18.5 Puts at $0.34 at $0.02 Credit
Long DTE = 270
Short DTE = 4
#VXXContango
KOLD SLV SOXL TNA Ladders
Replacing positions that expired Friday 🙂
Sold SOXL Sep 23 2022 10.5 Puts at $0.37
Sold SOXL Sep 23 2022 10.0 Puts at $0.25
Sold SOXL Sep 23 2022 9.5 Puts at $0.17
Sold TNA Sep 23 2022 40.0 Covered Call at $0.67
Sold TNA Sep 23 2022 40.5 Covered Call at $0.52
Sold TNA Sep 23 2022 41.0 Covered Call at $0.44
Sold TNA Sep 23 2022 41.5 Diagonal Call at $0.34
Sold TNA Sep 23 2022 42.0 Diagonal Calls at $0.27
Sold TNA Sep 23 2022 42.5 Diagonal Calls at $0.22
Sold KOLD Oct 21 2022 22.0 Covered Call at $0.95
Sold KOLD Oct 21 2022 23.0 Covered Call at $0.85
Sold KOLD Oct 21 2022 24.0 Covered Call at $0.70
Sold SLV Sep 23 2022 17.0 Puts at $0.08
Sold SLV Sep 23 2022 17.5 Puts at $0.20
VIX vs. VXX
Another day where VXX is broken
Near the open VIX up 5%, VXX down over 6%
Sold VXX Sep 23 2022 16.5 Puts at $0.06
Sold VXX Sep 23 2022 17.0 Puts at $0.11 $0.13 and $0.15
Sold VXX Sep 23 2022 17.5 Puts at $0.21, $0.24, $0.27 and $0.30
Sold VXX Sep 23 2022 18.0 Puts at $0.41 , $0.45, $0.49 and $0.62
#VXXContango
OptionsExpiration
A big monthly expiration. A lot of old long Puts in VXX rolled off, but I was able to write against them one last time and recover the original cost yet again (more in fact) #VXXContango .
A big expiration in TNA and TQQQ (with the market really weak two of the last three weeks). Every short position in TNA expired(including the puts).
I will go into next week with almost no short options except short strangles in VXX and a few puts in SOXL and TQQQ.
==Expired==
LABU 10.0 Covered Calls
LABU 10.0 Diagonal Calls
LABU 15/10.5 Bear Call Spreads
SLV 15/17.5 Bull Put Spreads
SOXL 10/11.0 Bull Put Spreads
SOXL 11.5 Diagonal Puts
TNA 40.0 Diagonal Calls
TNA 41.0 Diagonal Calls
TNA 42.5 Diagonal Call
TNA 43.0 Diagonal Call
TNA 44.0 Diagonal Call
TNA 44.0 and 45.0 Covered Calls
TNA 60/48 Bear Call Spread
TNA 59/47 Bear Call Spread
TNA 58/46 Bear Call Spread
TNA 56/44 Bear Call Spreads
TNA 36.0 Diagonal Put
TNA 35.0 Diagonal Put
TNA 34.5 Diagonal Put
TQQQ 29.0 Diagonal Call
TQQQ 29.0 Covered Calls
TQQQ 30.0 Diagonal Calls
TQQQ 31.0 Diagonal Calls
TQQQ 32.0 Diagonal Calls
TQQQ 47/33 Bear Call Spread
TQQQ 46/34 Bear Call Spread
TQQQ 45/33 Bear Call Spread
TQQQ 23.0 Diagonal Puts
UVXY 18/12 Bear Call Spreads
UVXY 9.0 Diagonal Puts — #UVXYContango
UVXY 8.5 Diagonal Puts — #UVXYContango
VXX 26.5/20.5 Bear Call Spreads
VXX 26/20.5 Bear Call Spreads
VXX 25.5/20.5 Bear Call Spreads
VXX 20.5 Diagonal Calls
VXX 10/17.5 Bull Put Spreads
VXX 13/17.5 Bull Put Spreads
VXX 14/18 Bull Put Spreads
VXX 15/18 Bull Put Spreads
==Assignments==
None
TQQQ Put Rolldowns
Rolled TQQQ Sep 16 2022 25.5 Diagonal Put to TQQQ Sep 23 2022 24.0 Put at $0.13 Credit
Rolled TQQQ Sep 16 2022 25.0 Diagonal Put to TQQQ Sep 23 2022 23.0 Put at $0.21 Credit
SOXL Put Rolldowns
SOXL came all the way back to even on the day
Rolled SOXL Sep 16 2022 12.5 Diagonal Puts to SOXL Sep 23 2022 11.5 Puts at $0.02 Credit. Lowered the strike a point
Rolled SOXL Sep 16 2022 12.0 Diagonal Puts to SOXL Sep 23 2022 10.5 Puts at $0.18 Credit. Lowered the strike 1.5 points.
My SOXL 11.5 and 11.0 short puts will expire
Markets
To put today in some perspective
SPY is still 20 points above it’s YTD low of $362.17
QQQ is still 15 points above it’s YTD low of $269.28
Just saying’
SOXL Put Rolldown
Rolled SOXL Sep 16 2022 13.0 Puts to SOXL Sep 23 2022 12.5 Puts at $0.06 Credit
VXX Calls
Sold VXX Sep 23 2022 21.0 Diagonal Calls at $0.27
Sold VXX Sep 23 2022 21.5 Diagonal Calls at $0.18
#OnlySpreads
Stocks – it’s getting ugly out there
A bunch of old GTC orders filled on the open at new lows (some of them 3-year lows below the Covid lows)
#TinyBuys
AOS at $51.72 Div = 2.12%
CE at $104.74 Div = 2.54%
DOW at $45.97 Div = 5.97%
EMN at $79.00 Div = 3.74%
FDX at $160.00 Div = 2.25%
IP at $35.65 Div = 5.25%
GRMN at $86.00 Div = 3.36%
MMM at $114.58 Div = 5.12%
SWK at $84.56 Div = 3.74%
T at $16.62 Div = 6.62%
VFC at $39.75 Div = 4.93%
and a non-dividend payer:
GOOGL at $101.88
#SP500 #FallingKnife
FDX After hours
Added a tiny bit of FDX at $172.00 after it closed at $204.87 at 4:00. Lowest since August 2020.
Couldn’t resist 🙂
#SP500 #FallingKnife
LABU Call Rollup
Rolled up just a portion of my LABU 09/16/2022 10.0 Calls to the LABU 09/23/2022 10.5 Calls for a $0.20 Credit
Originally sold this weeks’ calls at $0.65
ADBE – a true falling knife
Glad I exited my small ADBE position in May at $427.14.
Not biting here at $310.00 as it pays no divvy but might work as an options trade
Just sayin’
INTC STX WBA WU Stock
Added a tiny bit of INTC at a new low of $29.00. Div = 5.06%
Added a tiny bit of STX at a new low of $62.37. Div = 4.42% (ex-div on 09/20)
Added a tiny bit of WBA at a new low of $33.96. Div = 5.52%
Added a tiny bit of WU at a new low of $13.94. Div = 6.59%
#SP500 #FallingKnife
VXX Calls and Put Rolldowns
Moving on to next week:
Sold VXX Sep 23 2022 20.5 Diagonal Calls at $0.17, $0.18, $0.19 and $0.21
I’m letting this week’s 20.5 Calls expire (along with my 17.5 and 18.0 short Puts)
Bought to close VXX Sep 16 2022 20.0 Puts at $1.02. Sold last Friday on a roll at $2.20
Sold to Open VXX Sep 23 2022 19.5 Puts at $1.04 for a $0.02 Credit and dropped the short strike by $0.50
Bought to close VXX Sep 16 2022 19.5 Puts at $0.45. Sold last Friday on a roll at $1.38
Sold to Open VXX Sep 23 2022 19.0 Puts at $0.63 for a $0.18 Credit and dropped the short strike by $0.50
Gives me 19.5/20.5 and 19.0/20.5 short strangles for next week.
#VXXContango #OnlySpreads
UVXY Puts closed
Bought to close half of my position in UVXY Sep 16 2022 9.0 Puts at $0.01. Sold on Monday at $0.31.
I’ll let the other half expire
#ReleasingMargin #UVXYContango
KOLD Puts rolled
Not waiting until Friday. Until yesterday, these looked like they might expire. Not so much today!!
Bought to close KOLD Sep 16 2022 13.0 Puts at $2.43. Sold last month on a rolldown at $3.50
Sold to Open KOLD Oct 21 2022 11.0 Puts at $2.45 for a $0.02 Credit but lowered the short strike 2 points
NVDA IP PARA Stock
A rare departure from my normally higher yielding #SP500 stocks
Added to my NVDA position at $129.29
Also added:
IP at $40.00 Div = 4.56%
PARA at $21.94 Div = 4.30%
#FallingKnife
TNA TQQQ Put Ladder
Sold 1 TNA Sep 16 2022 34.5 Put at $0.26. The September low on TNA was 36.15 on 09/07
Replacing TNA puts that expired Friday
Sold 1 TQQQ Sep 16 2022 25.5 Put at $0.82
Sold 1 TQQQ Sep 16 2022 25.0 Put at $0.62
Sold TQQQ Sep 16 2022 23.0 Puts at $0.18
Replacing similar puts covered at a penny last Friday
#OnlySpreads
INTC WHR Stock
Added some INTC at $29.56. Div = 4.63%
Added some WHR Stock at $145.93 Div – 4.37%
#SP500 #FallingKnife
SOXL Ladder, SLV TNA VXX UVXY
Sold SOXL Sep 16 2022 13.0 Diagonal Puts at $0.65
Sold SOXL Sep 16 2022 12.5 Diagonal Puts at $0.46
Sold SOXL Sep 16 2022 12.0 Diagonal Puts at $0.30
Sold SOXL Sep 16 2022 11.5 Diagonal Puts at $0.22
Sold SLV Sep 16 2022 17.5 Puts at $0.10
Sold TNA Sep 16 2022 36.0 Diagonal Put at $0.24
Sold TNA Sep 16 2022 35.0 Diagonal Put at $0.22
Sold VXX Sep 16 2022 20.5 Diagonal Calls at $0.10
Sold UVXY Sep 16 2022 Diagonal 12.0 Calls at $0.11
#OnlySpreads
Stocks
Sold some HBAN at $14.55 (at it’s 3-month high). Bought on 07/01/2022 at $11.72
Sold half of my JCI at $59.58(near it’s 3-month high). Bought on 05/09/2022 at $51.80
#RaisingCash #FormerFallingKnife
LABU TNA TQQQ UVXY VXX Ladders
Pretty much done for the week after this:
Sold LABU Sep 16 2022 10.5 Calls at $0.51 and $0.56
Sold TNA Sep 16 2022 45.0 Calls at $0.80 and $0.96
Sold TNA Sep 16 2022 46.0 Call at $0.68
Sold TNA Sep 16 2022 47.0 Call at $0.51
Sold TNA Sep 16 2022 48.0 Call at $0.35
Sold TQQQ Sep 16 2022 32.0 Calls at $0.57
Sold TQQQ Sep 16 2022 33.0 Call at $0.43
Sold TQQQ Sep 16 2022 34.0 Call at $0.27
Sold UVXY Sep 16 2022 9.0 Puts at $0.31 and $0.34
Sold UVXY Sep 16 2022 8.5 Puts at $0.12
Sold VXX Sep 16 2022 17.5 Put at $0.21
#OnlySpreads
OptionsExpiration
I had to roll more Calls than I wanted to in LABU, TNA and TQQQ. But the ones I did roll were for pretty good credits and higher strike prices. A big monthly expiration cycle next week.
Shorts Expiring:
BBBY 26/13 Bear Call Spreads
LABU 15/10 Bear Call Spreads
SLV 17.0 Diagonal Puts
SOXL 12.0 Diagonal Puts
SOXL 11.5 Diagonal Puts
TNA 55/43 Bear Call Spreads
TNA 50/42.5 Bear Call Spreads
TNA 38.5/37.5/36.5 Diagonal Puts
TQQQ 43/30 Bear Call Spreads
UVXY 12.5 Diagonal Calls
UVXY 9.0 Diagonal Puts — #UVXYContango
VXX 20.5 Diagonal Calls
TNA Calls Rolled up
So… as with TQQQ below, I was wrong fading this rally early in the week. Maybe next week works better.
Bought to Close TNA Sep 09 2022 40.0 Diagonal Call / Sold to Open TNA Sep 16 2022 41.0 Call at $0.14 Credit . Added a point to the short strike
Bought to Close TNA Sep 09 2022 40.5 Diagonal Call / Sold to Open TNA Sep 16 2022 41.0 Call at $0.62 Credit . Added a Added a 0.5 points to the short strike
Bought to Close TNA Sep 09 2022 41.0 Diagonal Call / Sold to Open TNA Sep 16 2022 42.5 Call at $0.27 Credit . Added a 1.5 points to the short strike
Bought to Close TNA Sep 09 2022 41.5 Diagonal Call / Sold to Open TNA Sep 16 2022 43.0 Call at $0.41 Credit . Added a 1.5 points to the short strike
TQQQ Calls Rolled up and Puts covered
So… I was wrong in fading this rally early in the week. Maybe next week works better.
Bought to Close TQQQ Sep 09 2022 28.0 Covered and Diagonal Calls / Sold to Open TQQQ Sep 16 2022 29.0 Calls at $0.02 and $0.04 Credits. Added a point to the short strike
Bought to Close TQQQ Sep 09 2022 28.5 Diagonal Calls / Sold to Open TQQQ Sep 16 2022 30.0 Calls at $0.02 Credit. Added a 1.5 points to the short strike
Bought to Close TQQQ Sep 09 2022 29.0 Diagonal Calls / Sold to Open TQQQ Sep 16 2022 31.0 Calls at $0.02 Credit. Added a 2 points to the short strike
Bought to close TQQQ Sep 09 2022 25.0 Puts at $0.01
Options Bistro 