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
Author Archives: Option Iceman
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
LABU Call Rollup
Bought to close LABU Sep 09 2022 9.5 Calls / Sold LABU Sep 16 2022 10.0 Calls at $0.25 Credit and added $0.50 to the short strike
VXX Puts and Calls
Last trades for VXX for this week:
Bought to close VXX Sep 09 2022 18.5 Puts / Sold to Open VXX Sep 16 2022 18.0 Puts at $0.08 Credit and lowered the short strike another $0.50
Sold to Open VXX Sep 16 2022 20.5 Diagonal Calls at $0.08 and $0.09, paired off with the short 18.0 puts above.
Bought to close VXX Sep 09 2022 18.0 Puts at $0.01
#VXXContango
VXX Puts rolled out
Bought to close VXX Sep 09 2022 20.0 Diagonal Puts / Sold to Open VXX Sep 16 2022 20.0 Puts at $0.13 Credit
Not quite as good as last week’s $0.22 Credit but still bringing in cash
Bought to close VXX Sep 09 2022 19.5 Diagonal Puts / Sold to Open VXX Sep 16 2022 19.5 Puts at $0.26 Credit
Not quite as good as last week’s $0.28 Credit but close enough
REGN and LABU
The 100 point move in REGN this morning may have goosed LABU as well.
Sold LABU Sep 09 2022 10.0 Diagonal Calls at $0.12
Expires tomorrow
Stocks
Tiny buys yesterday and this morning at new lows
CMCSA at $34.58 Div = 3.08%
NWL at $16.55 Div = 5.34%
LYB at $80.00 Div = 5.84%
#SP500 #FallingKnife
Final Trades
Sold LABU Sep 09 2022 9.5 Covered Calls @ 0.15
Sold VXX Sep 09 20.00 18.0 Diagonal Puts at $0.09
TNA TQQQ Diagonal Spreads
Betting today’s rally fades by Friday. (If not, both my long stock positions are higher and my short puts expire)
Bought 1 TNA Sep 30 2022 46.5 Call / Sold 1 TNA Sep 09 2022 39.5 Call at $0.03 Credit for the first week.
Bought 1 TNA Sep 30 2022 46.0 Call / Sold 1 TNA Sep 09 2022 39.5 Call at $0.03 Credit for the first week.
Bought 1 TQQQ Sep 30 2022 37.0 Call / Sold 1 TQQQ Sep 09 2022 28.0 Call at $0.45 Credit for the first week.
Bought 1 TQQQ Sep 30 2022 36.5 Call / Sold 1 TQQQ Sep 09 2022 28.5 Call at $0.23 Credit for the first week.
Bought 1 TQQQ Sep 30 2022 36.0 Call / Sold 1 TQQQ Sep 09 2022 29.0 Call at $0..05 Credit for the first week.
TNA TQQQ KOLD Covered Calls
Sold TNA Sep 09 2022 39.5 Covered Calls at $0.43 and $0.46
Sold 1 TNA Sep 09 2022 40 Covered Call at $0.35
Sold 1 TNA Sep 09 2022 40.5 Covered Call at $0.23
Sold TQQQ Sep 09 2022 28.0 Covered Calls at $0.44
Sold 1 KOLD Sep 16 2022 19.0 Covered Call at $0.25
The TNA and TQQQ Calls replace similar calls that expired Friday
VXX Put Spreads
Bought to Open VXX Mar 17 2023 7.0 Puts at $0.11
Sold to Open VXX Sep 09 2022 18.5 Puts at $0.14 for a $0.03 Credit for the first week
Long DTE = 191
Short DTE = 2
Bought to Open VXX Jan 20 2023 8.0 Puts at $0.08
Sold to Open VXX Sep 09 2022 18.5 Puts at $0.11 for a $0.03 Credit for the first week
Long DTE = 135
Short DTE = 2
Bought to Open VXX Dec 16 2022 9.0 Puts at $0.09
Sold to Open VXX Sep 09 2022 18.5 Puts at $0.12 for a $0.03 Credit for the first week
Long DTE = 100
Short DTE = 2
Bought to Open VXX Nov 18 2022 10.0 Puts at $0.06
Sold to Open VXX Sep 09 2022 18.5 Puts at $0.09 for a $0.03 Credit for the first week
Long DTE = 72
Short DTE = 2
#VXXContango
TNA UVXY KOLD Calls – SOXL Puts
Sold TNA Sep 09 2022 42.0 Covered Calls at $0.24
Sold TNA Sep 09 2022 42.5 Diagonal Calls at $0.18
Sold TNA Sep 09 2022 43.0 Diagonal Calls at $0.14
Replacing calls that expired Friday
Sold UVXY Sep 09 2022 12.5 Diagonal Calls at $0.09
Sold 1 KOLD Sep 16 2022 18.0 Covered Call at $0.25
Sold SOXL Sep 09 2022 11.5 Diagonal Puts at $0.37
Stocks
Tiny adds at new lows
INTC at $31.00 (a new 5-year low) Div = 4.67%
MMM at 119.13 (a new 2-year low) Div = 4.89%
VFC at $40.18 (a new 5-year low) Div = 4.90%
Stocks
Tiny buys adding to positions at new lows:
MMM at $121.60 Div = 4.8%
VZ at $41.46 Div = 6.1%
INTC at $31.12 Div = 4.6%
SWK at $85.47 Div = 3.6%
#SP500 #FallingKnife
OptionsExpiration
An extremely profitable week for my Diagonal and Covered Calls in TNA and TQQQ. Not too bad for VXX, SOXL, TNA, TQQQ and SLV puts either(although I had to roll some).
Going into next week with a lot less positions(risk) as many Bear Call spreads expired with gains.
Shorts Expiring:
BBBY 14.0 Diagonal Call
LABU 15/11.5 Bear Call Spreads
LABU 11.5 Diagonal Calls
TLRY 5.0 Covered Calls
TNA 39/39.5/40 Covered Calls
TNA 51/43.5 Bear Call Spread
TNA 52/43.5 Bear Call Spread
TNA 55/46 Bear Call Spreads
TQQQ 27/28.5/30/33 Covered Calls
TQQQ 31.5 Diagonal Calls
TQQQ 42/33 Bear Call Spreads
TQQQ 43/34 Bear Call Spreads
UVXY 12.5 Diagonal Calls
UVXY 13.0 Diagonal Calls
UVXY 8.5 Diagonal Put — #UVXYContango
VXX 29/20.5 Bear Call Spreads
VXX 30/20.5 Bear Call Spreads
VXX 18.5 Diagonal Puts — #VXXContango
UVXY Puts
Sold UVXY Sep 09 2022 9.0 Puts at $0.13, $0.14, $0.15 and $0.16.
Replacing similar puts for this week covered yesterday at $0.01
#UVXYContango #DoubleDip
VXX, SLV Puts and TQQQ, TNA Calls closed at a penny
Bought to close TQQQ Sep 02 2022 27.5 Diagonal Calls at $0.01. Sold on a roll last Friday at $6.95
Bought to close TQQQ Sep 02 2022 29.0 Diagonal Calls at $0.01. Sold on a roll last Friday at $5.55
Bought to close TQQQ Sep 02 2022 30.0 Diagonal Call at $0.01. Sold on a roll last Friday at $3.18
Bought to close TNA Sep 02 2022 42.0 Diagonal Call at $0.01. Sold last week on a roll at $6.54
Bought to close TNA Sep 02 2022 42.5 Diagonal Calls at $0.01. Sold last week on a roll at $6.47
Bought to close SLV Sep 02 2022 16.5 Diagonal Puts at $0.01. Sold Wednesday at $0.13
Bought to close VXX Sep 02 2022 19.0 Diagonal Puts at $0.01. Sold at $0.09 up to $0.18.
#VXXContango
LABU Covered Calls rolled up
Bought to close LABU Sep 02 2022 9.0 Covered Calls at $0.55. Sold last Friday on a roll at $1.55.
Sold to Open LABU Sep 09 2022 9.5 Calls at $0.60 for a $0.05 Credit plus an extra $0.50 on the strike.
Bought to close LABU Sep 02 2022 9.5 Covered calls at $0.05. Sold earlier this week at $0.15
VXX and SLV Puts rolled out
Bought to close VXX Sep 02 2022 20.0 Diagonal Puts / Sold to Open VXX Sep 09 2022 20.0 Puts at $0.22 Credit
Bought to close VXX Sep 02 2022 19.5 Diagonal Puts / Sold to Open VXX Sep 09 2022 19.5 Puts at $0.28 Credit
#VXXContango
Bought to close SLV Sep 02 2022 17.0 Diagonal Puts / Sold to open SLV Sep 09 2022 17.0 Puts at $0.11 Credit.
Short trading week next week
UVXY Puts
Sold UVXY Sep 09 2022 9.0 Puts at $0.08
Starting in on next week’s #UVXYContango Trades
#OnlySpreads
SOXL Put rolldown
Rolled the short puts back out of the money
Bought SOXL Sep 02 2022 13.0 Diagonal Puts / Sold SOXL Sep 09 2022 12.0 Puts at $0.04 Credit
SOXL crashed to 11.97 this morning before recovering somewhat.
Edit: I was probably early 😦
EPAM LRCX
Selling my last two lots of EPAM at 364.65 (near it’s 3-month high)
Bought on 02/28/2022 at $203.00 and on 03/07/2022 at $183.00. This company has(had) significant operations in Ukraine. These buys were pure speculation as the war broke out and turned into one of my best gains.
No Dividend. #RaisingCash
Sold my second lot of LRCX at $506.01. Bought on 04/12/2022 at $466.00.
Leaves one more lot at $409.10 that I will hold a bit longer
#FormerFallingKnife
TNA TQQQ Diagonal Calls
Bought to open TNA Sep 02 2022 55.0 Calls / Sold to open TNA Aug 05 2022 46.0 Calls at $0.03 Credit for the first week
Bought to open 1 TNA Sep 02 2022 52.0 Call / Sold to open TNA Aug 05 2022 44.5 Call at $0.08 Credit for the first week
Also:
Sold to close TQQQ Aug 05 2022 36.0 Calls at $0.57. Bought on 07/13/2022 at $0.13.
Sold to close TNA Aug 05 2022 43.0 Calls at $1.87. Bought on 07/13/2022 at $0.31.
Stocks
Sold a lot of QQQ at $316.38 (near the 1 month high). Bought on 05/12/2022 at $287.48.
Sold my oldest and highest lot of DHI at $79.40 (near the 3 month high). Bought at $75.00 on 03/31/2022.
#FormerFallingKnife
Added a couple:
Bought PARA at $23.20. Div = 4.05%
Bought CINF at 96.36. Div = 2.83%
#SP500 #FallingKnife
VXX LABU
Starting off with Calls this morning:
Sold VXX Aug 05 2022 23.5 Calls at $0.11
Sold VXX Aug 05 2022 24.0 Calls at $0.09
Sold VXX Aug 05 2022 24.5 Calls at $0.07
Sold LABU Aug 05 2022 9.5 Covered Calls (partial fill) at $0.15
OptionsExpiration
LABU 11/9.5 Bear Call Spreads
LABU 10/9.5 Bear Call Spreads
LABU 9.0 Diagonal Calls
LABU 9.0 Covered Calls
LABU 3/7 Bull Put Spreads
SLV 17.0 Diagonal Calls
SLV 15/16.5 Bull Put Spreads
VXX 35/24.5 Bear Call Spreads
VXX 34/23.5 Bear Call Spreads
VXX 33/23.5 Bear Call Spreads
VXX 23.5 Diagonal Calls
VXX 20.5 Diagonal Puts — #VXXContango
VXX 20.0 Diagonal Puts — #VXXContango
Stocks
Taking more gains near multi-month highs:
Sold my oldest and highest cost lot of SPY at $410.01. Bought on 05/09/2022 at $399.00
Sold my oldest and highest cost lot of LRCX at $491.00. Bought on 03/08/2022 at $480.00
Sold out my BR position at $161.50. Bought on 05/10/2022 at $136.36
Sold my 2 highest cost lots of CMI at $216.90. Bought on 11/30/2021 at $210.00 and on 02/24/2022 at $200.00
Sold my highest cost lot of GS at $330.01. Bought on 04/07/2022 at $315.00
Sold my highest cost lot of ROK at $250.00. Bought on 05/02/2022 at $248.00
Sold my highest cost lot of TEL at $132.97. Bought on 04/12/2022 at $123.00.
#FormerFallingKnife stocks
Added one:
Bought SWK at $95.58. Div = 3.25%
#SP500 #FallingKnife
TNA TQQQ Ladders rolled Out and Up
Some Calls Covered, some the short side of Diagonal Bear Call Spreads
Bought to close TQQQ Jul 29 2022 32.5 Calls / Sold to Open TQQQ Aug 05 2022 33.5 Calls at $0.22 Credit
Bought to close TQQQ Jul 29 2022 32.0 Calls / Sold to Open TQQQ Aug 05 2022 33.0 Calls at $0.02 Credit
Bought to close TQQQ Jul 29 2022 31.5 Calls / Sold to Open TQQQ Aug 05 2022 32.0 Calls at $0.15 Credit
Bought to close TQQQ Jul 29 2022 31.0 Calls / Sold to Open TQQQ Aug 05 2022 31.0 Calls at $0.40 Credit
Bought to close TQQQ Jul 29 2022 30.5 Calls / Sold to Open TQQQ Aug 05 2022 31.5 Calls at $0.07 Credit
Bought to close TQQQ Jul 29 2022 30.0 Calls / Sold to Open TQQQ Aug 05 2022 30.0 Calls at $0.25 and $0.37 Credit
Bought to close TQQQ Jul 29 2022 29.0 Calls / Sold to Open TQQQ Aug 05 2022 29.0 Calls at $0.25 Credit
Bought to close TQQQ Jul 29 2022 28.5 Calls / Sold to Open TQQQ Aug 05 2022 28.5 Calls at $0.11 Credit
Bought to close TQQQ Jul 29 2022 28.0 Calls / Sold to Open TQQQ Aug 05 2022 28.0 Calls at $0.08 Credit
Bought to close TQQQ Jul 29 2022 27.5 Calls / Sold to Open TQQQ Aug 05 2022 27.5 Calls at $0.02 Credit
Bought to close TQQQ Jul 29 2022 27.0 Calls / Sold to Open TQQQ Aug 05 2022 27.0 Calls at $0.03 Credit
Bought to close TNA Jul 29 2022 42.5 Calls / Sold to Open TNA Aug 05 2022 44.0 Calls at $0.29 Credit
Bought to close TNA Jul 29 2022 42.0 Calls / Sold to Open TNA Aug 05 2022 43.5 Calls at $0.03 Credit
Bought to close TNA Jul 29 2022 41.5 Calls / Sold to Open TNA Aug 05 2022 42.5 Calls at $0.44 Credit
Bought to close TNA Jul 29 2022 41.0 Calls / Sold to Open TNA Aug 05 2022 42.0 Calls at $0.29 Credit
Bought to close TNA Jul 29 2022 40.5 Calls / Sold to Open TNA Aug 05 2022 41.5 Calls at $0.21 Credit
Bought to close TNA Jul 29 2022 40.0 Calls / Sold to Open TNA Aug 05 2022 41.0 Calls at $0.04 Credit
Bought to close TNA Jul 29 2022 39.5 Calls / Sold to Open TNA Aug 05 2022 40.0 Calls at $0.33 Credit
Bought to close TNA Jul 29 2022 39.0 Calls / Sold to Open TNA Aug 05 2022 39.5 Calls at $0.20 Credit
Bought to close TNA Jul 29 2022 38.5 Calls / Sold to Open TNA Aug 05 2022 39.0 Calls at $0.05 Credit
Options Bistro 