Bought to close 1 TNA Mar 11 2022 61.0 Call at $0.01. Sold Tuesday at $1.09
Bought to close TNA Mar 11 2022 60.0 Calls at $0.01. Sold Tuesday at $0.99 and $1.23
Author Archives: Option Iceman
XLV Puts
Bought to close 1 XLV Mar 11 2022 126.5 Put at $0.01. Sold on Monday at 0.61
Bought to close 1 XLV Mar 11 2022 127.0 Put at $0.01. Sold on Monday at 0.57
Stocks
Only one today:
Added SBUX at $83.44
#SP500 #FallingKnife
LABU Puts Rolled
Bought to close LABU Mar 11 2022 14.5 Puts at $0.54. Sold last week at $1.25
Sold to Open LABU Mar 18 2022 13.5 Puts at $0.80 for a $0.25 Net Credit plus a point lower strike.
Bought to Close 1 LABU Mar 11 2022 18.0 Put at $3.68. Sold last week at $4.65.
Sold to Open 1 LABU Mar 18 2022 18.0 Put at $ 3.78 for a $0.10 Net Credit.
TQQQ Calls
Bought to close TQQQ Mar 11 2022 50.0 Calls at $0.01. Sold Tuesday at $0.33, $0.39 & 0.51
VIX
VIX and march VX futures now in alignment, 3 more trading days left
http://vixcentral.com/
Stocks
First the good.
Sold half my FMC at 123.66. Bought on 08/05/2021 at $95.00
52-week range is currently $87.27 – $124.86.
Former #FallingKnife
Added to:
CLX at $135.00 (new 3-year low)
BIIB at $195.00
CL at $74.00
#SP500 #FallingKnife
Economy
Nice article.
Quote of the day “Making your entire economy a Landfill Economy dependent on the fantasy of infinite replacements and substitutions is the height of hubris and folly.”
http://charleshughsmith.blogspot.com/2022/03/what-if-it-breaks.html
VXX long dated Puts
Bought to open VXX Jan 19 2024 5.0 Puts at $0.50, adding to my position.
Longs puts will be available for some future #VXXContango trades.
TQQQ Puts and Calls
Sold TQQQ Mar 11 2022 40.0 Puts at $0.37.
Strike is below the March low and expires tomorrow.
Bought to close TQQQ Mar 11 2022 54.0 Calls @ 0.01. Sold on Monday at $0.35
LABU Covered Calls
Sold LABU Mar 11 2022 17.5 Covered Calls at $0.15
XLV Puts
another mid-week rolldown
Bought to close XLV Mar 11 2022 132.0 Puts/ Sold to Open XLV Mar 18 2022 131.0 Puts at $0.05 Credit and lowered the strike another point
TQQQ Covered Calls
Sold TQQQ Mar 11 2022 50.0 Calls at $0.40
LABU Covered Calls
Sold LABU Mar 11 2022 17.0 Calls at $0.15 and $0.20
Only a partial position
VXX long dated Puts
Bought to open VXX Jan 19 2024 5.0 Puts at $0.55.
Longs for some future #VXXContango trades.
TNA TQQQ Calls
Sold TQQQ Mar 11 2022 48.0 Calls at $0.81
Sold TQQQ Mar 11 2022 49.0 Calls at $0.60
Sold TNA Mar 11 2022 62.0 Calls at $0.69
Markets
Dow down 200 … oops … Dow up 500 … oops … Dow closes down almost 200
VXX Calls and Puts
Sold 1 VXX Mar 11 2022 33.0 Call at $0.65
Sold VXX MAR 11 2022 25.0 Puts at $0.22
TNA TQQQ Calls
Sold TNA Mar 11 2022 60.0 Calls at $0.99 and $1.23
Sold TNA Mar 11 2022 61.0 Call at $1.09
Sold TQQQ Mar 11 2022 50.0 Calls at $0.33, $0.39 & 0.51
Morning Stocks
Tiny buys:
ALGN at $425.00
BKNG at $1800.00
CCL at $15.00
CE at $133.00
FIS at $85.00 (new 3-year low)
IFF at $115.00
MNST at $74.21
MTCH at $88.00
NCLH at $15.00
NFLX at $349.67
#SP500 #FallingKnife
AAL BA APTV CMI EL JPM stocks
Late day Trades:
Added a tiny bit of AAL at $13.00
Added a tiny bit of APTV at $98.00
Added a tiny bit of BA at $173.00
Added a tiny bit of CMI at $190.00
Added a tiny bit of EL at $264.00
Added a tiny bit of JPM at $129.00
#SP500 #FallingKnife
KOLD Diagonal Put
Bought 1 KOLD Aug 19 2022 10.0 Put / Sold 1 KOLD Mar 18 2022 20.0 Put at $0.16 Net Credit
VXX Calls
Sold VXX Mar 11 2022 30.0 Calls at $0.62 & $0.84
Sold VXX Mar 11 2022 31.0 Calls at $0.51 & $0.68
Sold 1 VXX Mar 11 2022 32.0 Call at $0.54
Sold 1 VXX Mar 11 2022 33.0 Call at $0.44
Replacing calls that expired Friday
Bought to open 1 VXX Mar 25 2022 38.0 Call / Sold to Open 1 VXX Mar 11 2022 28.0 Call at $0.20 Net Credit
Bought to open 1 VXX Mar 25 2022 39.0 Call / Sold to Open 1 VXX Mar 11 2022 29.0 Call at $0.03 Net Credit
Bought to open 1 VXX Apr 01 2022 45.0 Call / Sold to Open 1 VXX Mar 11 2022 28.5 Call at $0.18 Net Credit
Stocks
First the good:
Sold LDOS at $108.83. Bought on 02/15 at $81.64.
52 Week Range $81.07 – $109.35
Sold MKC at $105.54. Bought on 09/30/21 at $81.00.
52 Week Range $77.85 – $107.34
Sold NEM at $75.31. Bought on 09/20/21 at $54.00.
52 Week Range $52.60 – $77.09
Former #FallingKnife
Now todays tiny buys:
AAL at $14.00
AVY at $160.00
BKNG at $$1,900.00
DAL at 32.50
DRI at $125.00
ECL at $160.00
EPAM at $183.00
FTV at $59.00
IPGP at $104.00
MKC at 105.54
NCLH at $17.00 & $16.00
PPG at $119.00
PVH at $71.00
SYF at $35.00
UAA at $14.73
UAL at $34.00
XYL at $82.70
#SP500 #FallingKnife
OptionsExpiration
Again, a weak market so the bulk of the gains are covered calls and bear call spreads. ITM puts were rolled
Expired:
LABU 20.5 Covered Calls
LABU 20.0 Covered Calls
LABU 30/20 Bear Call Spreads
LABU 28/20 Bear Call Spreads
TNA 67.0 Covered Calls
TNA 59.0 Diagonal Calls
TNA 70/59 Bear Call Spread
TNA 70/60 Bear Call Spread
TNA 72/60 Bear Call Spread
TNA 72/61 Bear Call Spread
TNA 75/61 Bear Call Spread
TQQQ 57.0 Covered Calls
TQQQ 56.0 Covered Calls
TQQQ 60/56 Bear Call Spreads
TQQQ 60/57 Bear Call Spreads
VXX 44/29 Bear Call Spread
VXX 44/30 Bear Call Spread
VXX 44/31 Bear Call Spread
VXX 45/31 Bear Call Spread
VXX 45/31 Bear Call Spread
VXX 49/32 Bear Call Spreads
VXX 50/32 Bear Call Spreads
VXX 55/33 Bear Call Spreads
VXX 28.0 Diagonal Calls
VXX 27.0 Diagonal Calls
VXX 22.5 Diagonal Puts == #VXXContango
VXX 21.0 Diagonal Puts == #VXXContango
XLV 130.0 Diagonal Put
GM
One last tiny stock buy – Bought GM at 42.00
#SP500 #FallingKnife
TNA Calls and Puts
Bought to close TNA Mar 04 022 64.0 Calls at $0.01
Sold on a rollup last Friday at $2.56
Bought to close TNA Mar 04 022 49.0 Puts at $0.01
Sold on a rolldown last Friday at $0.47
Rolled 1 TNA Mar 04 2022 57.5 Put to 1 TNA Mar 11 2022 50.0 Put at $0.03 Credit
TQQQ Call Closed
Bought to close TQQQ Mar 04 2022 50.0 Calls at $0.01.
Sold last Friday on a rollup at $3.34
TQQQ Calls Closed
Bought to close TQQQ Mar 04 2022 55.0 Calls at $0.01.
Sold on Friday on a rollup at $1.00 and Monday at $0.90
Bought to close TQQQ Mar 04 2022 53.0 Calls at $0.01.
Sold on Friday on a rollup at $1.65
Bought to close TQQQ Mar 04 2022 51.0 Calls at $0.01.
Sold on Friday on a rollup at $2.68
APD APTV BA IVZ MTCH PVH VFC Stocks
Added tiny amount to these at new lows
APD at $228.00
APTV at $109.00
IVZ at $19.00
MTCH at $100.00
PVH at $80.00
VFC at $54.74
Started a new position in BA at $183.00
#SP500 #FallingKnife
RIVN Calls Closed
Bought to close 1 RIVN Mar 04 2022 67.0 Call at $0.01. Sold on Monday at $2.15
Bought to close RIVN Mar 04 2022 65.0 Calls at $0.01. Sold on Monday at $2.41
LABU Put Rolldown
Bought to close LABU Mar 04 2022 15.5 Puts at $1.20. Sold last week on a roll at $1.55
Sold to open LABU Mar 11 2022 14.5 Puts at $1.25 and gained a point on the short strike.
I’ve got LABU Bear Call spreads at 18 and 18.50 plus Covered Calls at 20 and 20.50 expiring at the close
RIVN Calls Closed
Bought to close 1 RIVN Mar 04 2022 68.0 Call at $0.01. Sold on Monday at $2.53
Also bought to close RIVN Mar 04 2022 79, 80 and 81 calls at $0.01. Sold all those at $0.22 on Monday.
RSX Put Rolldown
Bought to Close RSX Mar 04 2022 6.5 Puts at $1.20
Sold to Open RSX Mar 11 2022 5.5 Puts at $1.48. at $0.28 Credit and lowered the strike a full point
RSX ERUS
now blocked by Schwab but not Fido.
Bought a tiny bit more of ERUS at $7.33.
XLV early Put roll
Bought to close XLV Mar 04 2022 133.0 Puts at $2.60. Sold on a roll last week at $7.77
Sold to Open XLV Mar 11 2022 132.0 Puts at $2.65 for a $0.05 Credit and gained a point on the short strike
C Stock
Started a tiny new position in C at $56.98
RSX Diagonal Puts
Bought to Open RSX May 20 2022 3.0 Puts at $0.55
Sold to Open RSX Mar 04 2022 6.5 Puts at $0.70 for a $0.15 Spread Credit
Long DTE = 79
Short DTE = 2
If this war drags on in the Russian Markets stay closed, I should get multiple re-writes on the long.
#OnlySpreads
VXX Call
Just before the close Sold VXX Mar 04 2022 32.0 Call at $0.40.
VXX Close at 26.67
RSX
Right at the close, added a tiny bit of RSX at $8.26 on an 8.50 limit order.
Someone really, really wanted out.
#FallingKnife
APTV JPM PVH Stock
Added a tiny bit of APTV at $117.oo
Added a tiny bit of JPM at $134.00
Started a position in PVH at $89.00
VXX Puts
Bought to open VXX JAN 20 2023 6.0 Puts at $0.14.
Setting up some long puts to write against on the next VXX Pullback
#VXXContango
VXX Call Ladder
Sold VXX Mar 04 2022 33.0 Calls at $0.22 & $.028
Sold VXX Mar 04 2022 32.0 Calls at $0.22 & $0.27
Sold VXX Mar 04 2022 31.0 Calls at $0.27 & $0.40
Sold 1 VXX Mar 04 2022 30.0 Call at $0.40
Sold 1 VXX Mar 04 2022 29.0 Call at $0.48
Sold against leftover long calls from old Diagonal call spreads
#OnlySpreads
APTV BWA IVZ JPM VTRS Stocks
Started a tiny position in APTV at $125.00
Started a tiny position in BWA at $39.83
Started a tiny position in IVZ at $19.83
Started a tiny position in JPM at $139.57
Added to my position in VTRS at $10.68
#SP500 #FallingKnife
RUSL
ERUS ETF
iShares MSCI Russia ETF ERUS
Made a couple of tiny buys at $19.10 and $18.60.
TNA TQQQ Covered Calls
Sold TNA Mar 04 2022 67.0 Calls at $0.79
Sold TQQQ Mar 04 2022 57.0 Calls at $0.51
Sold TQQQ Mar 04 2022 56.0 Calls at $0.66
RIVN Call Ladder
Sold to Open 1 RIVN Mar 04 2022 68.0 Call at $2.53
Sold to Open 1 RIVN Mar 04 2022 67.0 Call at $2.15
Sold to Open RIVN Mar 04 2022 65.0 Calls at $2.41
Casualties of War
Made 3 tiny buys already today in #SP500 stock EPAM at:
$338.69 (former 52-week low)
$223.89
$203.00
A real #FallingKnife
VXX Call Ladder
Sold to Open:
VXX Mar 04 2022 28.0 Calls at $0.59
VXX Mar 04 2022 27.0 Calls at $0.74
VXX Mar 04 2022 26.0 Calls at $0.97
VXX Mar 04 2022 25 Calls at $1.26 and $1.27
VXX Mar 04 2022 24.5 Calls at $1.44
Replacing similar calls that expired Friday
#DoubleDip
LABU Puts and Calls
Bought to open LABU Mar 18 2022 24.0 Calls / Sold to Open LABU Mar 04 2022 18.5 Calls at $0.10 Credit
Bought to open LABU Mar 18 2022 25.0 Calls / Sold to Open LABU Mar 04 2022 18.0 Calls at $0.35 Credit
Sold LABU Mar 04 2022 20.0 Covered Calls at $0.20 on half my long stock.
Sold LABU Mar 04 2022 20.5 Covered Calls at $0.20 on the other half my long stock.
Bought to open LABU Mar 18 2022 10.0 Puts / Sold to Open LABU Mar 04 2022 13.5 Puts at $0.06 Credit
Sold to close some excess long LABU Mar 04 2022 14,0 Long Puts at $0.50 left over from an old Diagonal Bull Put spread. Bought on 02/10 at a $0.38 average price.
Stocks
Not everything went down this week
Sold the highest cost of my remaining lots of TFX at $343.00. (pennies away from the 2022 YTD high)
Bought on 11/19/2021 at $320.00
Former #FallingKnife
Options Expiration
Expired:
LABU 30/17 Bear Call Spreads
LABU 16.5 Covered Calls (just barely)
RIVN 79/73 Bear Call Spread
RIVN 78/73 Bear Call Spread
RIVN 77/72 Bear Call Spread
RIVN 77/71 Bear Call Spread
RIVN 76/70 Bear Call Spread
RIVN 75/70 Bear Call Spread
RIVN 74/69 Bear Call Spread
RIVN 56.0 Diagonal Puts
RIVN 55.0 Diagonal Puts
TNA 62.0 Covered Calls
TNA 54.0 Diagonal Put
TQQQ 55.0 Covered Calls
VXX 55/28 Bear Call Spreads
VXX 54/28 Bear Call Spread
VXX 41/27 Bear Call Spread
VXX 31/27 Bear Call Spreads
VXX 26.0 Diagonal Calls
VXX 25.0 Diagonal Calls
VXX 24.5 Diagonal Calls
Assignments:
None
LABU XLV excess Long Puts closed
Missed these from yesterday
Sold to close LABU Mar 18 2022 20.0 Puts at $5.10. Bought at $3.30 and $3.83 in Mid-January
Sold to close XLV Mar 18 2022 109.0 Put at $0.62. Bought on 01/04 at $0.31
Sold to close XLV Mar 18 2022 114.0 Put at $0.95. Bought on 01/10 at $0.55
VXX Puts
Bought to close VXX Feb 25 2022 19.0 Puts at $0.01
Sold 1 VXX Feb 25 2022 23.5 Put Limit at $0.20, $0.27 & $0.40
Sold 1 VXX Feb 25 2022 23.0 Put Limit at $0.12 & $0.16
Sold VXX Feb 25 2022 22.5 Put Limit at $0.08
TNA Calls
Sold to open TNA Feb 25 2022 57.0 Calls at $0.38
Sold to Open TNA Feb 25 2022 57.5 Calls at $0.30
One last write against leftover long calls from earlier spreads.
Stocks on the big down opening:
#SP500 at or below old lows
Added ADBE at $418.59
Added ADSK at $201.00
Added AES at $20.00
Added ANSS at $281.41
Added BIIB at 204.86
Added CAT at 182.00
Added CDAY at $62.87
Added CMCSA at $44.46
Added CMI at $200.00
Added CRM at $185.00
Added DISH at $26.00
Added EBAY at $50.00
Added ECL at $170.00
Added ETSY at $110.30
Added FB at $190.81
Added FDX at $208.25
Added FIS at $91.42 (3-year low)
Added GPS at $13.19
Added KMX at $97.59
Added MHK at $133.03
Added MMM at $140.00
Added PPL at $25.72
Added PYPL at $94.68
added PTC at $104.00
Added SWK at 151.60
Added ZBRA at $386.95
Not an #SP500 stock
Added COIN at $158.00
#FallingKnife Trades
VXX Long term Put
Bought 1 VXX Jan 19 2024 5.0 Put at $0.63
VXX Calls
Sold to open VXX Feb 25 2022 28.0 Calls at $0.94.
In lieu of writing any more short VXX calls I dumped some of my old long (Fully paid for) hedges at gains.
Sold to close VXX Feb 25 2022 30.0 Calls at $0.62. Bought on 02/10 at $0.29
Sold to close VXX Feb 25 2022 31.0 Calls at $0.40. Bought on 02/08 at $0.26.
I’m guessing both of these old longs would have expired worthless.
VXX high so far today is 27.45
#OnlySpreads
Early Put Rolls
Rolled 1 XLV 130 Put to next week for $0.15 Credit
Rolled XLV 133 Puts to next week for $0.04 Credit
Rolled RIVN 69 Puts to next week for $0.20 Credit
Rolled RIVN 80 Puts to next week for $0.24 Credit
TNA TQQQ Call Ladders
Before the collapse
Sold TNA Feb 25 2022 60.0 Calls at $1.02
Sold TNA Feb 25 2022 62.0 Calls at $0.52
Sold TQQQ Feb 25 2022 52.0 Calls at $0.79
Sold TQQQ Feb 25 2022 53.0 Calls at $0.56 & 0.69
Sold TQQQ Feb 25 2022 54.0 Calls at $0.26 & 0.36
Sold TQQQ Feb 25 2022 55.0 Calls at $0.21
VXX Calls
Sold VXX Feb 25 2022 27.0 Calls at $0.27
VXX Put
Bought 1 VXX Jan 19 2024 5.0 Put at $0.72
#VXXContango long put
More Stocks
The decline is getting serious
Bought all the following #SP500 stocks at new lows
ADSK at $212.00
AES at $20.60
HON at $180.00
MNST at $80.00
SBUX at $89.51
TJX at $60.00
TROW at $140.00
TT at $149.00
UAA at $15.79
#FallingKnife Trades
Stocks
Added tiny bits at new lows
BBY at $89.00
DISH at $28.00
NLSN at $16.85
ROST at $ 88.40
ZBRA at $406.0
#SP500 #FallingKnife
VXX Calls
Sold 1 VXX Feb 25 2022 25.0 Call at $1.14
Sold VXX Feb 25 2022 26.0 Calls at $$0.87
APD ETSY FB GM Stocks
#SP500 stocks at new lows
Added some tiny positions
APD at $239.00
ETSY at $125.28
FB at $202.23
Started a new position in GM at $47.00
#FalingKnife
RIVN VXX
Sold VXX Feb 25 2022 24.5 Calls at $1.24 and $1.26
Sold RIVN Feb 25 2022 74.0 Call at $1.32
Sold RIVN Feb 25 2022 72.0 Call at $1.86
Sold RIVN Feb 25 2022 55.0 Puts at $0.52
VXX
Unexpected call assignment at 23.50 when the stock closed $0.05 out of the money at $23.45.
I’ve covered the short stock position at $23.45 in the pre-market to remove the upside risk.
I’ll probably short some call spreads today instead.
Stocks on Friday
#SP500 stocks at new lows
Added some tiny positions
INTC at $45.63
PARA at $27.84 (formerly VIAC)
UAA at $ $16.38
NLSN at $17.50
For the very first time since I started the #FallingKnife strategy last June, the overall portfolio is slightly negative (-0.19%), not counting capital gains I’ve already taken.
The portfolio tends to recover quickly on any market rallies.
For now, I’ll just collect my dividends and continue to average down with tiny adds.
OptionsExpiration
Rolled ITM puts in LABU, RIVN, TNA and TQQQ out another week for small premiums and rolled up RIVN Calls and VXX Calls that were in the money too.
Expired:
KOLD1 5.0 Diagonal Puts
KOLD 23.0 Short Put
KOLD 22.0 Short Put
LABU 27.0 Covered Calls
LABU 26.0 Covered Calls
LABU 25.0 Covered Calls
LABU 22.5 Covered Calls
LABU 22.0 Diagonal Calls
LABU 13/16 Bull Put Spreads
RIVN 71.0 Diagonal Calls
RIVN 60/64 Bull Put Spread
RIVN 55/60 Bull Put Spread
TLRY 7.5 Covered Calls
TLRY 8.0 Diagonal Calls
TNA 69.0 Covered Calls
TNA 80/69 Bear Call Spreads
TNA 77/68 Bear Call Spreads
TNA 67.0 Diagonal Call
TNA 66.0 Diagonal Call
TNA 65.0 Diagonal Call
TQQQ 61.0 Covered Calls
TQQQ 60.0 Covered Calls
TQQQ 79/60 Bear Call Spreads
TQQQ 77/59.5 Bear Call Spread
TQQQ 76/59 Bear Call Spread
TQQQ 75/58 Bear Call Spread
TQQQ 74/57.5 Bear Call Spread
TQQQ 37.5/50 Bull Put Spreads – Barely
TQQQ 45/47.5 Bull Put Spreads
VXX 46/30 Bear Call Spread
VXX 45/29.5 Bear Call Spread
VXX 40/28 Bear Call Spread
VXX 40/27.5 Bear Call Spread
VXX 35/27 Bear Call Spreads
VXX 33/26 Bear Call Spreads
VXX 32/25 Bear Call Spreads
VXX 24.5 Diagonal Call
VXX 24.0 Diagonal Calls
VXX 23.5 Diagonal Calls – Barely
VXX 20.0 Diagonal Puts — #VXXContango
VXX 19.5 Diagonal Puts — #VXXContango
VXX 19.0 Diagonal Puts — #VXXContango
Assignments:
KOLD1 10.0 Diagonal Puts – assignment on 40 sh of KOLD at $50
KOLD1 9.0 Diagonal Put – assignment on 20 sh of KOLD at $45
KOLD1 8.0 Diagonal Puts – assignment on 40 sh of KOLD at $40
KOLD1 7.0 Diagonal Puts – assignment on 20 sh of KOLD at $35
KOLD1 6.0 Diagonal Put – assignment on 20 sh of KOLD at $30
CRM MMM Stock
Added a tiny bit to my MMM stock at 148.51
Started a tiny new position in CRM at $200.00
Both at new lows
#SP500 #FallingKnife
XLV Put rolldown
Last one in this name for this week:
Bought to close 1 XLV Feb 18 2022 129.0 Put at $0.98. Sold on Monday at $1.52
Sold to Open 1 t XLV Feb 25 2022 127.0 Put at $1.05 for a $0.07 Credit and 2 point better strike
VXX Puts
For next week. All this week’s short VXX puts will expire tomorrow.
I didn’t expect this to fill with VXX above 22.50
Bought to open VXX May 20 2022 11.0 Puts at $0.09
Sold to Open VXX Feb 25 2022 19.0 Puts at $0.17
Long DTE = 92
Short DTE = 8
#VXXContango
VXX Calls rolled
Normally I would wait this out until tomorrow but I’m on the road all day and it’s tough trading at the occasional rest stop.
Also, managing risk in VXX since I have a lot of calls written at 23 and above that I hope will expire.
Bought to close VXX Feb 18 2022 22.0 Calls at $1.01. Sold last week on a rollup at $2.39
Sold to Open VXX Feb 25 2022 25.0 Calls at $1.06 for $0.05 Credit and bumped the strike up 3 points.
Options Bistro 