Raising some cash by selling mostly non-dividend paying stocks
Sold AAL at $17.85. Bought on 3/7/2022 at $13.00
Sold BIO at $545.85. Bought on 03/08/2022 at $532.00 and on 04/26/2022 at $502.00
Sold DAL at $42.18. Bought on 3/7/2022 at $32.50
Sold IDXX at $392.99. Bought this month at $382.00 and again at $342.00
Sold PTC at $115.22. Bought on 2/24/2022 at $104.00
Sold IQV at 212.03. Bought on 5/10/2022 at $200.00.
Sold my highest cost lot of SPY at $409.01. Bought on 5/9/2022 at $404.00 . My remaining shares average $392.66
#SP500 #FormerFallingKnife
Author Archives: Option Iceman
VXX Puts
A bit of a scalp on the short put. If I have to roll the short put, the market is still rising, helping a lot of my other stocks.
Bought VXX Jan 20 2023 7.0 Puts at $0.12
Sold to Open VXX May 27 2022 22.5 Puts at $0.15 for a $0.03 Credit
Long DTE = 239
Short DTE = 1
#VXXContango
TNA Scalps
Sold 1 TNA May 27 2022 42.5 Call at $0.92
Sold 1 TNA May 27 2022 43.0 Call at $0.68
Expires tomorrow
#OnlySpreads
TQQQ Call scalp
Sold TQQQ May 27 2022 31.0 Calls at $0.31 and $0.47. Expires tomorrow
#OnlySpreads
KOLD
A 1 for 4 reverse split in KOLD took place on the open today, putting the stock back above 20.
TMUS Stock
Sold the second half of my TMUS stock at $132.94. Bought this on 01/10/22 at 106.70.
Just raising some cash while getting rid of another no-dividend stock.
#FormerFallingKnife
TQQQ Calls
Selling more calls
Sold 1 TQQQ May 27 2022 29.0 Covered Call at $0.73
Sold TQQQ May 27 2022 30.0 Covered Calls at $0.42 and $0.47
Sold 1 TQQQ May 27 2022 31.0 Covered Call at $0.22
VXX Puts
Back to selling puts
Sold VXX May 27 2022 22.5 Puts at $0.17, $0.19 and $0.23
TQQQ Call Ladder
Sold TQQQ May 27 2022 29.0 Covered Calls at $0.59
Sold TQQQ May 27 2022 30.0 Covered Calls at $0.34
Sold TQQQ May 27 2022 31.0 Covered Calls at $0.20
Sold TQQQ May 27 2022 32.0 Covered Calls at $0.11
TNA Calls
Sold TNA May 27 2022 41.0 Calls at $0.49 and $0.63
LABU early exercise
My short LABU 05/27/2022 9.0 Puts were assigned overnight.
Added some more long stock. Stock Basis $5.95 after put premium.
VIX Futures
A very odd shape to the VIX futures curve.
Does this mean that the market rallies after the November election?
TQQQ Covered Calls
Sold TQQQ May 27 2022 29.0 Calls at $0.40
Sold TQQQ May 27 2022 30.0 Calls at $0.26 and $0.28
VXX Calls
Sold a few more calls, turning some more short puts into short strangles.
Sold VXX May 27 2022 26.5 Calls at $0.42 and $0.52.
Sold VXX May 27 2022 27.0 Calls at $0.36 and $0.46
VXX Calls
Sold a few calls near the close
Sold VXX May 27 2022 26.5 Calls at $0.30 and $0.34.
Turning a few short puts into short strangles.
VXX Puts
Selling more puts against long puts already in the account from previous spreads.
Sold VXX May 27 2022 22.0 Puts at $0.27
Sold 1 VXX May 27 2022 22.5 Put at $0.41
Sold VXX May 27 2022 23.0 Puts at $0.58, $0.62 and $0.67
Sold 1 VXX May 27 2022 23.5 Put at $0.95
#VXXContango
VXX Puts
A sharp move down in VXX allowed me to start replacing all the puts that expired Friday.
Sold VXX May 27 2022 23.0 Puts at $0.45
Sold VXX May 27 2022 23.5 Puts at $0.64 and $0.68
Sold VXX May 27 2022 24.0 Puts at $0.90 and $0.95
At the same time I was buying the following, creating diagonal bull put spreads
VXX Aug 19 2022 15.0 Puts at $0.36 – 88 DTE
VXX Sep 16 2022 13.0 Puts at $0.33 – 116 DTE
VXX Dec 16 2022 10.0 Puts at $0.45 – 207 DTE
VXX Jan 20 2023 10.0 Puts at $0.57 and $0.62 – 242 DTE
#VXXContango
FLT Stock
Sold the last tiny bit of FLT at $237.40. Bought this on 11/30/2021 at $210.00.
Getting rid of non-dividend paying stocks in favor of stocks with 3% – 4% payout for a bit less volatility.
#FormerFallingKnife
TNA Covered Call Ladder
Sold 1 TNA May 27 2022 42.5 Call at $0.59
Sold 1 TNA May 27 2022 43.0 Call at $0.46
Sold 1 TNA May 27 2022 43.5 Call at $0.40
Replacing similar calls that expired Friday
EA Stock
Liquidated the rest of my tiny position in EA at $135.46. Bought on 05/10/2022 at $110.00.
Pretty difficult to make 23% in this market.
#FormerFallingKnife
OptionsExpiration
A good week to be selling Calls on TNA and TQQQ. VXX worked pretty well too.
I’m ready for another dead cat bounce next week.
Expired:
KOLD 6.0 Put
LABU 9.0 Covered Calls
LABU 6.0 Put
LABU 5.5 Put
LABU 5.0 Put
LABU 4.5 Puts
TNA 44/45/46 Covered Calls
TNA 70/46 Bear Call Spread
TNA 68/46 Bear Call Spread
TNA 63.5/46 Bear Call Spread
TNA 59/45 Bear Call Spread
TNA 58.5/45 Bear Call Spread
TNA 44.0 Calls
TQQQ 32/33/34/35 Covered Calls
TQQQ 60/38 Bear Call Spread
TQQQ 37.0 Call
TQQQ 36.0 Calls
VXX 49/28.5 Bear Call Spread
VXX 48/28.5 Bear Call Spread
VXX 47/28 Bear Call Spread
VXX 45/28 Bear Call Spreads
VXX 44/28 Bear Call Spread
VXX 43/28 Bear Call Spread
VXX 41/28 Bear Call Spread
VXX 40/28 Bear Call Spread
VXX 39/28 Bear Call Spreads
VXX 38/28 Bear Call Spreads
VXX 37/27.5 Bear Call Spreads
VXX 36/27.5 Bear Call Spreads
VXX 10/23.5 Bull Put Spreads
VXX 11/24 Bull Put Spreads
VXX 15/24 Bull Put Spreads
VXX 16/24 Bull Put Spreads
VXX 24.0 Puts — #VXXContango
VXX 24.5 Puts — #VXXContango
VXX Puts
A drop in VXX in the last 60 seconds before the close forced me out of the last of my VXX May 20 2022 25.0 short Puts at $0.02. Still my average selling price was $0.50 on these remaining puts.
Replaced them with the following short puts for next week.
Sold VXX May 27 2022 23.50 Puts at $0.18 and $0.23
Sold 1 VXX May 27 2022 24.0 Put at $0.43
VXX Calls
Continuing selling for next week as all my short VXX calls for today are looking like they will expire.
Sold VXX May 27 2022 28.0 Calls at $0.54 and $0.58
VXX Calls
Starting in on next week
Sold 1 VXX May 27 2022 27.5 Call at $0.79
SPY and QQQ
Added a tiny bit of SPY at $384.58, a new yearly low. My next buy point in this account is 5 points lower.
Added a tiny bit of QQQ at $282.48.
#FallingKnife
VXX Puts
Lightening up a bit more on the lowest premium sells from Monday’s put sales.
Bought to close VXX May 20 2022 25.0 Puts at $0.09 and $0.08.
Sold at $0.23.
Edit:
Covered more.
Bought to close VXX May 20 2022 25.0 Puts at $0.07 and $0.06. Sold at $0.27.
Bought to close VXX May 20 2022 25.0 Puts at $0.05 and $0.04. Sold at $0.32.
Bought to close VXX May 20 2022 Put at $0.03 and $0.02. Sold at $0.35 and $0.39.
Letting the rest expire this afternoon unless we have a big market move that forces VXX down again.
VXX Puts
Lightening up just a bit on the lowest premium sells from Monday’s put sales with the VIX and VXX falling again
Bought to close VXX May 20 2022 25.0 Puts at $0.09 and $0.07. Sold at $0.23.
I also have short puts at 23.5, 24.0 and 24.5 which I’m guessing will expire tomorrow.
#VXXContango
TQQQ Covered Call
Getting a jump on next week.
Sold 1 TQQQ May 27 2022 34.0 Covered Call at $0.38
LABU Put Rollouts
Bought to Close 1 LABU May 20 2022 7.0 Put at $1.26 Sold last week on a roll at $1.46
Sold to Open 1 LABU May 27 2022 7.0 Put at $1.43 for a $0.17 Credit.
Bought to Close 1 LABU May 20 2022 8.0 Put at $2.26. Sold last week on a roll at $2.61
Sold to Open 1 LABU May 27 2022 8.0 Put at $2.33 for a $0.07 Credit.
Bought to Close LABU May 20 2022 9.0 Puts at $3.02. Sold last week on a roll at $3.31
Sold to Open LABU May 27 2022 9.0 Puts at $3.05 for a $0.03 Credit.
Waiting to see if my short LABU 6.0, 5.5, 5.0 and 4.5 Puts expire tomorrow
KOLD Puts
Rolled another one down for next month. Hedged with long November Puts
Bought to close 1 KOLD May 20 2022 7.0 Put at $0.95. Originally sold at $1.24.
Sold to Open 1 KOLD Jun 17 2022 6.0 Put at $1.15 for a $0.20 Credit plus another point lower.
Also:
Rolled out 1 KOLD May 20 2022 10.0 Put to next month for a $0.30 Credit
Rolled out 1 KOLD May 20 2022 9.0 Put to next month for a $0.35 Credit
VXX Calls
Last calls for this week.
All my long VXX calls are now written against.
Sold 1 VXX May 20 2022 26.5 Call at $0.32
Sold VXX May 20 2022 27.0 Calls at $0.24
#OnlySpreads
WMT and TGT Stocks
Couldn’t resist dipping my toe in with tiny buys
Bought WMT at $122.00
Bought TGT at 159.00
At least both pay a dividend
#SP500 #FallingKnife
VXX Calls
Sold a few more
Sold VXX May 20 2022 26.5 Calls at $0.24, $0.26 and $0.27
Sold VXX May 20 2022 27.0 Calls at $0.19 and $0.21
Sold VXX May 20 2022 27.5 Calls at $0.16 and $0.17
Sold VXX May 20 2022 28.0 Calls at $0.13 and $0.14
#OnlySpreads
TQQQ Covered Calls
Sold TQQQ May 20 2022 34.0 Calls at $0.28
VXX Fat finger?
At 3:54 VXX spiked over a point above it’s last trade then fell back to where it had been
Sold a few more of my short term calls that reacted to the move. Paired up with short puts sold on Monday.
Sold VXX May 20 2022 26.5 Calls at $0.22
Sold VXX May 20 2022 27.5 Calls at $0.15
Sold VXX May 20 2022 28.0 Calls at $0.12.
#OnlySpreads
TNA Covered Call Ladder
Sold TNA May 20 2022 45.0 Calls at $0.49 and $0.54
Sold 1 TNA May 20 2022 44.0 Call at $0.77
VXX
A few calls sold against the puts I sold yesterday
Sold VXX May 20 2022 27.0 Calls at $0.16
Sold VXX May 20 2022 27.5 Calls at $0.14
Sold VXX May 20 2022 28.0 Calls at $0.11
Sold VXX May 20 2022 28.5 Calls at $0.10
TQQQ Covered Call Ladder
Sold TQQQ May 20 2022 32.0 Calls at $1.61 and $1.81
Sold 1 TQQQ May 20 2022 33.0 Call at $1.30
Sold TQQQ May 20 2022 34.0 Calls at $0.63
Sold TQQQ May 20 2022 35.0 Calls at $0.39
TWTR
Added a bit at $37.50
Now below where it was before Elon’s offer.
Did Musk lie again???
#SP500 #FallingKnife
VXX Put Spreads
Bought to Open VXX Jan 20 2023 8.0 Puts / Sold to Open VXX May 20 2022 24.5 Puts at $0.06 Net Credit
Bought to Open VXX Jan 20 2023 7.0 Puts / Sold to Open VXX May 20 2022 24.0 Puts at $0.03 Net Credit
Long DTE = 249
Short DTE = 4
#VXXContango
KOLD Puts
Rolled some down for next month. Hedged with long November Puts
Bought to close 1 KOLD May 20 2022 8.0 Put at $1.30. Originally sold at $1.57.
Sold to Open 1 KOLD Jun 17 2022 7.0 Put at $1.45 for a $0.15 Credit plus another point lower.
TNA Calls
Sold TNA May 20 2022 46.0 Calls at $0.28 and $0.36, replacing calls that expired Friday
BBY Stock
Added a tiny bit of BBY at $82.12, a new low.
P/E = 8.51, Dividend Yield = 4.08%
#SP500 #FallingKnife
TWTR EA Stocks
In January I bought some TWTR at $40.00 and sold it in April at $50.50.
Re-buying a tiny bit at $39.00, a new low since the takeover bid.
Also, selling my highest cost lot and half of my tiny position in EA at $126.27. Bought on 03/15/2022 at $118.00.
LABU Puts
Sold LABU May 20 2022 4.5 Puts at $0.15, replacing strike 5.0 puts that expired Friday
VXX Puts
Sold a few of these against June 03 and June 17 long puts at 20.
Sold VXX May 20 2022 25 Puts at $0.31, $0.32, $0.35 and $0.39
Sold VXX May 20 2022 24.5 Puts at $0.14, $0.16 and $0.22
Replacing VXX Puts the expired Friday
#VXXContango
OptionsExpiration
Nice end to the week 🙂
EXPIRED:
LABU 5.0 Puts
TNA 40.0 Calls
TNA 41.0 Calls
TNA 43/44/45 Covered Calls
TNA 50.0 Calls
TNA 70/50.5 Bear Call Spreads
TQQQ 34/35/36 Covered Calls
TQQQ 60.5/38 Bear Call Spreads
TQQQ 56.5/38 Bear Call Spreads
TQQQ 56/37 Bear Call Spreads
TQQQ 55.5/37 Bear Call Spreads
VXX 29.0 Calls
VXX 29.5 Calls
VXX 30.0 Calls
VXX 30.5 Calls
VXX 38/31 Bear Call Spreads
VXX 37/32 Bear Call Spreads
VXX 36/33 Bear Call Spreads
VXX 24.5 Puts — #VXXContango
ASSIGNMENTS:
None
TNA Calls Rolled up
Bought to close TNA May 13 2022 39.0 Calls / Sold to Open TNA May 20 2022 44.0 Calls at $0.07 Net Credit plus a 5 point higher strike.
TNA is up almost 10% today.
This is the only roll for this week except for the LABU puts that I rolled this morning.
TQQQ Calls Closed
Bought to close TQQQ May 13 2022 33.0 Calls at $0.01. Sold on a scalp trade yesterday at $0.21 and $0.22.
Releasing a bit of margin to resell for next week.
TNA Call
Starting on next week
Sold 1 TNA May 20 2022 46.0 Call at $0.36
VIX and Markets
The VIX has rolled over from a 6 day run to the mid 30’s and is now below 30 for the first time since 5/5.
I’m guessing that if it closes below 30 that this market has turned the corner for now.
I’m way ahead of the Bistro VIX indicator but I trade VIX based options every day and it gives me a good feel about it’s movements.
JMHO
TNA Scalp
Sold TNA May 13 2022 41.0 Calls at $0.14 and $0.18.
I may have to roll up my earlier scalp on the strike 39.0 Calls but it’s worth it because my stock position is up. 🙂
MNST Stock
Liquidating a profitable stock position to raise some cash for the next downswing.
Sold out of my MNST position at $87.59. Bought on 02/23/2022 at $80.00 and again on 03/08/2022 at $74.21
LABU Rolls
Rolled LABU 12.5 Puts to next week for a $0.01 Credit
Rolled LABU 9.0 Puts to next week for a $0.02 Credit
Rolled LABU 8.0 Put to next week for a $0.05 Credit
Rolled LABU 7.0 Put to next week for a $0.17 Credit
Rolled LABU 6.5 Puts down to next week’s 6.0 Puts at even money
Rolled LABU 6.0 Puts down to next week’s 5.5 Puts for a $0.02 Credit
Rolled LABU 5.5 Puts down to next week’s 5.0 Puts for a $0.15 Credit
TQQQ Calls
Starting on next week
Sold TQQQ May 20 2022 38.0 Calls at $0.21
Sold 1 TQQQ May 20 2022 37.0 Call at $0.31
Sold TQQQ May 20 2022 36.0 Calls at $0.38 and $0.44
SPY
Added a tiny bit more at 386.00, a new low.
#FallingKnife
TQQQ TNA Call scalps
Sold TNA May 13 2022 39.0 Call at $0.41.
Sold TNA May 13 2022 40.0 Call at $0.37.
Sold TQQQ May 13 2022 33.0 Calls at $0.21 and $0.22
Sold TQQQ May 13 2022 34.0 Covered Calls at $0.12
Expires tomorrow
SPY QQQ Stocks
On the open:
Bought a tiny bit of SPY at $389.58
Bought a tiny bit of QQQ at $287.48
LABU early assignment
LABU May 13 2022 13.0 puts assigned last night, so I added 200 shares at a net cost around $7.00 after put premiums
LABU Puts
Sold LABU May 13 2022 5.0 Puts at $0.55. Reverse split can’t be far off 😦
Hope it bounces soon
SPY and QQQ Stocks
Added a tiny bit of SPY at $393.00
Added a tiny bit of QQQ at $295.00
Both new lows
#FallingKnife
TQQQ and TNA Call Ladders
Adding to my ladders
Sold TQQQ May 13 2022 37.0 Calls at $0.34
Sold TQQQ May 13 2022 38.0 Calls at $0.21
Sold 1 TNA May 13 2022 44.0 Covered Call at $0.30
TQQQ Covered Call Ladder
Sold TQQQ May 13 2022 36.0 Calls at $0.55
Sold TQQQ May 13 2022 35.0 Calls at $0.86
Sold 1 TQQQ May 13 2022 34.0 Call at $1.23
SPY stock
Added a tiny bit of SPY at $395.00
TNA Covered Call Ladder
Sold 1 TNA May 13 2022 43.0 Covered Call at $0.75
Sold 1 TNA May 13 2022 45.0 Covered Call at $0.39
VXX Puts
Sold a lot of calls yesterday. Pairing off a few of those with puts today
Bought VXX Jun 03 2022 20.0 Puts at $0.11.
Sold VXX May 13 2022 24.5 Puts at $0.14 for a $0.03 Credit
Long DTE = 24
Short DTE = 3
#VXXContango
AMZN Stock
Added a tiny bit of AMZN at $2189.00
New low and about 10% below my first buy.
#SP500 #FallingKnife
SPY QQQ Stock
Added a tiny bit of SPY at $399.00 and started a position in QQQ at $300.00
Both yearly lows
#FallingKnife
LABU Puts
Sold 1 LABU May 13 2022 5.5 Put at $0.68.
LABU down 22% today at $5.24
VXX Call Ladder
Beginning to replace some of the short calls that expired Friday. Starting the ladder with slightly higher strikes than last week.
Sold 1 VXX May 13 2022 29.0 Call at $1.08
Sold 1 VXX May 13 2022 29.5 Call at $0.89
Sold 1 VXX May 13 2022 30.0 Call at $0.76
Sold 1 VXX May 13 2022 30.5 Call at $0.61
Sold VXX May 13 2022 31.0 Calls at $0.53
Sold VXX May 13 2022 32.0 Calls at $0.39
Sold VXX May 13 2022 33.0 Calls at $0.29
SPY stock
Switching my emphasis in my non-option IRA accounts from individual stocks to SPY and QQQ.
Bought a tiny bit of SPY at it’s yearly low of $404.00
#SP500 #FallingKnife
OptionsExpiration
I’m ready for a good bear market rally. At least all the VXX Calls I rolled up last week expired.
Going into next week’s expiration I only have short LABU puts and TNA Calls I sold today. Nothing else.
Expired:
LABU 11.0 Covered Calls
LABU 25/11 Bear Call Spreads
TNA 69/55 Bear Call Spread
TNA 68/54 Bear Call Spread
TNA 67.5/53 Bear Call Spread
TNA 67/53 Bear Call Spread
TNA 53, 54 and 55 Covered Calls
TNA 52.0 Diagonal Calls
TNA 51.0 Diagonal Call
TNA 50.5 Diagonal Calls
TNA 50.0 Diagonal Calls
TNA 49.0 Diagonal Calls
TNA 48.0 Diagonal Call
TQQQ 69/46 Bear Call Spreads
TQQQ 68/45.5 Bear Call Spread
TQQQ 67/45 Bear Call Spread
TQQQ 61/44.5 Bear Call Spreads
TQQQ 60.5/44 Bear Call Spread
TQQQ 45, 45.5 and 46 Covered Calls
TQQQ 43.0 Diagonal Calls
TQQQ 42.0 Diagonal Calls
TQQQ 41.0 Diagonal Calls
VXX 52/36 Bear Call Spread
VXX 52/35 Bear Call Spread
VXX 50/34 Bear Call Spread
VXX 50/33 Bear Call Spread
VXX 48/33 Bear Call Spreads
VXX 46/33 Bear Call Spreads
VXX 44/33 Bear Call Spread
VXX 33.0 Diagonal Calls
VXX 32.0 Diagonal Calls
VXX 31.0 Diagonal Calls
VXX 30.5 Diagonal Calls
VXX 30.0 Diagonal Calls
VXX 28.5 Diagonal Calls
VXX 25.0 Diagonal Puts — #VXXContango
VXX 24.5 Diagonal Puts — #VXXContango
VXX 24.0 Diagonal Put — #VXXContango
LABU Puts Rolled
Rolled LABU 9.0 Puts to next week for a $0.13 Credit
Rolled LABU 7.5 Puts to next week’s LABU 7.0 Put for a $0.11 Credit plus a $0.50 lower strike.
Last trades for this week
CSCO Stock
Started a new position in CSCO at $48.87.
P/E = 17.74, Dividend = 3.06%
#SP500 #FallingKnife
TNA Calls
Sold TNA May 13 2022 50.0 Calls at $0.54, $0.56 and $0.60
Sold TNA May 13 2022 50.5 Calls at $0.47 and $0.53
Options Bistro 