Bought to close 1 LABU 06/24/2022 7.0 Put at $0.45. Sold last week on a roll at $1.69.
Sold to open 1 LABU 07/01/2022 6.5 Put at $0.50 for a $0.05 Credit and a $0.50 lower strike.
The rest of my strike 5.0 puts should expire tomorrow. We will see about my 7.0 Covered Calls
Starting a tiny new position in GDX at $28.83, at a new YTD low.
#FallingKnife
I’ve been avoiding most non-dividend stocks but I’ve traded this one successfully before:
Bought a tiny bit of BKNG at $1,796.45
#SP500 #FallingKnife
Sold TNA Jun 24 2022 35.0 Covered Calls at $0.12
Sold 1 TNA Jun 24 2022 35.0 Diagonal Call at $0.15
Sold TQQQ Jun 24 2022 27.0 Covered Calls at $0.13
Bought to open VXX Dec 16 2022 8.0 Puts at $0.10.
Sold to Open VXX Jun 24 2022 23.0 Puts at $0.21 for a $0.11 Credit for the first week.
Long DTE = 176
Short DTE = 1
Bought to open VXX Oct 21 2022 10.0 Puts at $0.05 and at $0.04
Sold to Open VXX Jun 24 2022 22.5 Puts at $0.11 for a $0.06-$0.07 Credit for the first week.
Long DTE = 120
Short DTE = 1
If the short puts go in the money on Friday, at least the market is still in rally mode. 🙂
Bought to open VXX Aug 19 2022 15.0 Puts at $0.10.
Sold to Open VXX Jun 24 2022 23.0 Puts at $0.19 for a $0.09 Credit for the first week.
Long DTE = 58
Short DTE = 2
#VXXContango
If these go in the money by Friday, the market should be in rally mode. 🙂
Bought to close LABU Jun 24 2022 5.0 Puts at $0.05 (partial position)
Sold last Friday on a roll at $0.48.
Sold out of my tiny position in DPZ stock at $391.66 (at a 1-month high)
Bought in April at $350.95 and again in May at $328.00.
Raising a bit of cash for the next major pullback
#FormerFallingKnife
Sold 1 TNA Jun 24 2022 36.5 Covered Call at $0.14
Sold TQQQ Jun 24 2022 27.0 Calls at $0.21, $0.27
Sold TQQQ Jun 24 2022 27.5 Calls at $0.19
On the road all day so just summarizing what I sold for this week:
Sold VXX Jun 24 2022 22.5 Puts at $0.13
Sold TQQQ Jun 24 2022 28.0 Calls at $0.14
Sold TQQQ Jun 24 2022 27.5 Calls at $0.19, $0.25
Sold TQQQ Jun 24 2022 27.0 Calls at $0.26, $0.27 and $0.33
Sold 1 TNA Jun 24 2022 36.0 Call at $0.47
Sold 1 KOLD Jul 15 2022 36.0 Covered Call at $2.60
Lots of old long calls(TNA, TQQQ, and VXX) and long puts (VXX) rolling off this month. At least I got one more write against them. Hardly had to roll anything this week.
My next set of long puts in VXX expire in August and ALL my short puts are expiring today, so plenty of time for re-writes against those longs.
Short trading week next week.
==EXPIRED==
KOLD 32.0 Covered Call
LABU 3/5 Bull Put Spreads
TNA 42.0 Covered Calls
TNA 42.0 Diagonal Calls
TNA 44.0 Diagonal Calls
TNA 52/44 Bear Call Spreads
TNA 51/44 Bear Call Spreads
TQQQ 30.0 Covered Calls
TQQQ 47.5/30 Bear Call Spreads
TQQQ 40/30 Bear Call Spread
TQQQ 38.75/30 Bear Call Spreads
VXX 35/29.5 Bear Call Spreads
VXX 35/29 Bear Call Spreads
VXX 35/28.5 Bear Call Spread
VXX 28.5 Diagonal Calls
VXX 28 Diagonal Calls
VXX 27.5 Diagonal Calls
VXX 27 Diagonal Calls
VXX 26.5 Diagonal Calls
VXX 10/21 Bull Put Spreads
VXX 12/21.5 Bull Put Spreads
VXX 13/21.5 Bull Put Spreads
VXX 14/22.5 Bull Put Spreads
VXX 20/22.5 Bull Put Spreads
VXX 23.0 Diagonal Puts — #VXXContango
VXX 23.5 Diagonal Puts — #VXXContango
So much for the predictions of extreme volatility on expiration day
ZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzz………………
Rolled 1 LABU 06/17/2022 7.0 Put to next week for a $0.04 Credit
Sold LABU 06/24/2022 7.0 Covered Calls at $0.05.
You take what the market gives you.
A few tiny buys today:
DD at $55.90 (Div 2.32%)
GS at $278.32 (Div 2.80%)
F at $11.00 (Div 3.55%)
ARE at $130.00 (Div 3.61%)
Missed the low on SPY but my order is in now at $362.17
Bought to open 1 TNA Jul 15 2022 44.0 Call at $0.30
Sold to Open TNA Jun 24 2022 36.0 Call at $0.42 for a $0.12 Credit for the 1st week.
Bought to open 1 TNA Jul 15 2022 45.0 Call at $0.28
Sold to Open TNA Jun 24 2022 36.5 Call at $0.40 for a $0.12 Credit for the 1st week.
TNA has not closed above the short strikes in about a week. And a short trading week next week too.
Partial position.
Bought to Close LABU Jun 17 2022 5.0 Puts at $0.18. Sold on a roll last week at $0.40
Sold to Open LABU Jun 24 2022 5.0 Puts at $0.48 for a $0.30 Credit.
I’ll wait on the rest to see if LABU is above 5.0 at the end of the day
Added tiny bits of the foll0wing on the opening plunge:
BXP at $89.10 (Div 4.26%)
DFS at $90.00 (Div 2.53%)
EMN at $90.00 (Div 3.20%)
MCHP at $59.72 (Div 1.79%)
MDT at $87.00 (Div 3.04%)
MMM at $132.00 (Div 4.44%)
TEL at $115.91 (Div 1.86%)
TT at $121.93 (Div 2.10%)
USB at $45.00 (Div 3.97%)
WBA at $39.23 (Div 4.69%)
#SP500 #FallingKnife
Added back some SPY at $369.00 & $367.38 and some QQQ at $273.24 & $272.48
#FallingKnife
At 2:00 sold some more VXX Jun 17 2022 23.0 Puts at $0.29
Getting close to the FED announcement
Sold more VXX Jun 17 2022 26.5 Calls at $0.34 and $0.35.
Sold TNA Jun 17 2022 42.0 Covered Calls at $0.12
Sold VXX Jun 17 2022 23.0 Puts at $0.18, $0.20 and $0.24
Sold against long puts in 2023 and 2024 and also against a bunch of leftover long puts from old spreads expiring this week
Also added some short VXX Jun 17 2022 26.5 Calls at $0.27 & $0.35 and VXX 27.0 Calls at $0.26
These strikes are above Monday’s end of day peak in VXX of $26.29 when the VIX index hit 35
WAITING ON THE FED
Bought a tiny bit of AES at $18.84 (Div 3.26%)
Bought a tiny bit of BAX at $67.99 (Div 1.62%)
Bought a tiny bit of FRT at $95.00 (Div 4.42%)
Bought a tiny bit of NTRS at $93.96 (Div 2.84%)
Bought a tiny bit of VNO at $29.00 (Div 7.25%)
Sold 1 KOLD Jun 17 2022 32.0 Covered Call at $0.86.
Expires Friday
New #VXXContango Spread
Bought to Open VXX Jan 20 2023 8.0 Puts at $0.20
Sold to Open VXX Jun 17 2022 23.5 Puts at $0.24 for a $0.04 Credit
Long DTE = 220
Short DTE = 3
Many possible re-writes in the future
Bought a tiny bit of PEAK at $24.35 (Div 4.68%)
Bought a tiny bit of BAC at $31.83 (Div 2.53%)
Bought a tiny bit of CARR at $36.32 (Div 1.61%)
Bought a tiny bit of NWSA at $15.83 (Div 1.21%)
Sold these during several waves down in the market which pushed the VIX up to 35(and VXX up to 26), adding to earlier sells
Sold 1 VXX Jun 17 2022 29.5 Call at $0.50
Sold VXX Jun 17 2022 29.0 Calls at $0.55 and $0.56
Sold VXX Jun 17 2022 28.5 Calls at $0.46 and $0.53
I have now written against all my long calls and I still have more short puts than short calls
Checked into #DJIA stocks just to see what the list was for #FallingKnife candidates
Disney
Intel
Goldman Sachs
American Express
3M
Boeing
and last but not least, Microsoft.
All new lows today
Sold VXX Jun 17 2022 27.0 Call at $0.66
Sold VXX Jun 17 2022 27.5 Call at $0.57
Sold VXX Jun 17 2022 28.0 Call at $0.44
Pairing these off against a lot of short puts for this week.
No additional margin
Bought a tiny bit of BEN at $23.19 (Div 4.72%)
Bought a tiny bit of INTC at $38.38 (Div 3.73%) – a new 3 year low
Bought a tiny bit of STT at $63.04 (Div 3.50%)
Bought a tiny bit of SWK at $106.80 (Div 2.87%)
Bought a tiny of TROW at $110.61 (Div 4.18%)
Bought a tiny bit of VNO at $30.00 (Div 6.87%)
Bought back some SPY at $379.58 that I sold at $412.86 0n 5/27
Bought some QQQ at $279.66.
Several #SP500 stocks I am watching are exceeding their March 2020 Covid lows, like INTC above.
#FallingKnife
I’ve been avoiding non-dividend paying stocks lately, but I did average down two existing positions today.
Bought a tiny bit of DIS at $99.47
Bought a tiny bit of WBD at $15.17
#SP500 #FallingKnife
Another light week. Didn’t have to roll much, and the Calls I rolled up yesterday and most of the VXX puts I rolled down would have expired today. Sigh 😦
Expired:
LABU 8.0 Covered Calls
TNA 44.0 Call
TNA 44.5 Covered Call
TNA 46.5 Covered Call
TNA 47.5 Covered Call
TNA 56/45 Bear Call Spread
TNA 56/47 Bear Call Spread
TQQQ 31.0 Covered Calls
TQQQ 33.0 Covered Calls
TQQQ 35.5 Covered Calls
VXX 37/26.5 Bear Call Spreads
VXX 36/25.5 Bear Call Spreads
VXX 35/26.5 Bear Call Spreads
VXX 35/26 Bear Call Spreads
VXX 34/25 Bear Call Spreads
VXX 21.0 Put — #VXXContango
VXX 20.5 Puts — #VXXContango
Starting in on next week’s sales
Sold VXX Jun 17 2022 26.5 Calls at $0.42 and $0.44
Sold VXX Jun 17 2022 27.0 Calls at $0.29 and $0.37
Paired with all the short puts I rolled into yesterday for next week.
My LABU 06/10/2022 8.0 Put was assigned overnight. Basis for the new stock after put premium is $6.15
at the close Thursday
Sold VXX Jun 10 25.0 Calls at $0.12
Sold VXX Jun 10 25.5 Calls at $0.08
1 day to expiration
Bought to close VXX Jun 10 2022 22.0 Puts at $0.23. Sold on a roll last week at $0.88
Sold to Open VXX Jun 17 2022 21.0 Puts at $0.31 for a credit of $0.08 and a strike price a point lower.
Bought to close VXX Jun 10 2022 22.5 Puts at $0.45. Sold on a roll last week at $1.18
Sold to Open VXX Jun 17 2022 21.5 Puts at $0.49 for a credit of $0.04 and a strike price a point lower.
Bought to close VXX Jun 10 2022 23.5 Puts at $0.70. Sold on a roll last week at $1.87
Sold to Open VXX Jun 17 2022 22.5 Puts at $0.72 for a credit of $0.02 and a strike price a point lower
Bought to close 1 VXX Jun 10 21.0 Put at $0.01. Sold last week at $0.51
#VXXContango
An early roll for both, but these are the calls with the lowest strike for this week that I am short.
Bought to close TQQQ Jun 10 2022 29.0 Calls at $2.78. Sold last week on a roll at $4.77
Sold to Open TQQQ Jun 17 2022 30.0 Calls at $2.80 for a $0.02 Credit plus a point better short strike
Bought to close TNA Jun 10 2022 42.0 Calls at $2.44. Sold last week on a roll at $4.10.
Sold to Open TQQQ Jun 17 2022 44.0 Calls at $2.47 for a $0.03 Credit plus 2 points better on the short strike
Missed this yesterday
Sold off all my remaining TWTR at $41.28
Bought back in January at $35.00, and added after Musk’s offer at $39.00 and $37.50 on 05/16
#RaisingCash #FormerFallingKnife
ZZZZZZZZZZZzzzzzzzzzzzzzz………………….. again
Sold LABU 8.0 Covered Calls at $0.05.
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
Sold TNA Jun 10 2022 51.0 Calls at $0.36
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.
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
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.
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
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
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
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
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
Bought to Close TQQQ Jun 03 2022 36 Call at $0.01. Sold on Wednesday at $0.52
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
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
Dumping another non-dividend paying stock.
Sold out of my TRMB at 70.14. Bought back on Feb 11 at $66.18
#RaisingCash
#FormerFallingKnife
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
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
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
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
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
Puts this morning, calls now
Sold VXX Jun 03 2022 25.5 Calls at $0.12 and $0.13
#OnlySpreads
Worth a read
https://www.zerohedge.com/markets/bear-stearns-lesson-bear-market-bounces
Sold a tiny bit of BLK at $672.70. Bought on 5/2 at $623.22.
#RaisingCash
#FormerFallingKnife
Added on to my Short VXX 06/03/2022 21.0 Puts at @0.18
#VXXContango
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
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
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
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
Sold my GOOGL stock at $2260.00. Bought just a week ago at $2100.00
#SP500 #FormerFallingKnife
Edit: I was a bit early 😦
Sold VXX 06/03/2022 25.0 Calls at $0.25, replacing similar calls that expired Friday
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
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
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
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
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
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.
Options Bistro 