Ditching spreads on KOLD for this one trade
Sold 1 KOLD Feb 18 2022 23.0 Put at $3.50.
15% return on cash if it expires in a couple of weeks.
Author Archives: Option Iceman
VXX Put Spread
Bought VXX Nov 18 2022 5.0 Puts at $0.10
Sold to Open VXX Feb 04 2022 19.0 Puts at $0.18
Short DTE = 2
Long DTE = 289
#VXXContango
TQQQ Calls
Sold TQQQ Feb 04 2022 69 Diagonal Calls at $0.52.
Paired with short puts rolled over last week and long stock.
PYPL Stock
Added the tiniest bit of stock to my small IRA #SP500 Portfolio project
Bought PYPL at $131.00
#FallingKnife
TNA Calls
Sold to Open TNA Feb 04 2022 67.0 Calls at $0.61.
I’ve got short 65.0 and 67.0 Puts as a balance for this week so hoping it’s close to the strike and I have to roll these up on Friday
VXX Put Spreads
Bought to Open VXX Sep 16 2022 7.0 Puts at $0.15 – First Long puts in this month
Sold to Open VXX Feb 04 2022 19.5 Puts at $0.21
Short DTE = 3
Long DTE = 227
If I’m forced to roll the short puts on Friday, I’m happy because that means the market is still rising, which helps my LABU, TNA and TQQQ put positions.
#VXXContango
LABU Covered Calls
Sold LABU Feb 04 2022 25.0 Covered Calls at $0.10.
I’ll take these small gains while waiting for LABU to recover.
ALGN Stock
Peeled off my highest cost lot of #SP500 stock ALGN and sold it at $504.27.
Bought this on 01/18 at $494.00.
I’m keeping lots I bought at $475.00 and $450.00 for a bit longer
Former #FallingKnife
VXX Calls and Puts
Bought VXX Apr 14 2022 13.0 Puts at $0.24
Sold to Open VXX Feb 04 2022 20.0 Puts at $0.31
Bought to Open VXX Mar 18 2022 12.0 Puts at $0.02
Sold to Open VXX Feb 04 2022 19.5 Puts at $0.13
#VXXContango Spreads
Then I sold some calls against long calls left over from previous Bear Call spreads
Sold VXX Feb 04 2022 24.0 Calls at $0.32 and $0.35
Sold VXX Feb 04 2022 24.5 Calls at $0.28 and $0.31
Sold VXX Feb 04 2022 25.0 Calls at $0.26 and $0.28
#DoubleDip trades
RIVN Calls
Sold 1 RIVN Feb 04 2022 74.0 Call at $0.55
VXX Put Spreads
Bought to open VXX Apr 14 2022 12.0 Puts at $0.10
Sold to Open VXX Feb 04 2022 20.0 Puts at $0.14
Short DTE = 4
Long DTE = 73
My first buy of the April contracts. Could they be ITM by April – Absolutely!!
Could the Feb 04 VXX 20’s be ITM by Friday – Absolutely!! – but they can be rolled very easily for additional premium.
#VXXContango
TNA Call Ladder
Sold TNA Feb 04 2022 67.0 Calls at $0.44 & $0.50
Sold 1 TNA Feb 04 2022 66.0 Call at $0.57
Sold 1 TNA Feb 04 2022 65.0 Call at $0.70
Sold 1 TNA Feb 04 2022 64.0 Call at $0.80
Sold 1 TNA Feb 04 2022 63.0 Call at $0.86
Sold 1 TNA Feb 04 2022 62.0 Call at $0.99
Paired with TNA ITM Bull Put spreads rolled over last week.
TQQQ Covered Call Ladder
Sold TQQQ Feb 04 2022 65.0 Call at $0.30
Sold TQQQ Feb 04 2022 65.5 Call at $0.27
Sold TQQQ Feb 04 2022 66.0 Call at $0.24
OptionsExpiration
Expired:
LABU 25.0 Covered Calls
RIVN 73.0 Diagonal Calls
RIVN 185/70 Bear Call Spread
TNA 100/67 Bear Call Spread
TNA 80/67 Bear Call Spread
TQQQ 64.5 Covered Call
TQQQ 65.0 Covered Call
TQQQ 65.5 Covered Call
TQQQ 80/65 Bear Call Spreads
TQQQ 87.5/65 Bear Call Spreads
TSLA 1,200.0 Diagonal Call
VXX 23.5 Diagonal Calls
VXX 24.0 Diagonal Calls
VXX 25.0 Diagonal Calls
VXX 26.0 Diagonal Calls
VXX 26.5 Diagonal Calls
VXX 27.0 Diagonal Calls
VXX 27.5 Diagonal Calls
VXX 37/27.5 Bear Call Spread
VXX 38/27.5 Bear Call Spread
VXX 20.0 Diagonal Puts – #VXXContango
XLV 127.0 Diagonal Puts – the only other put (other than VXX) that expired in this week’s market.
Rolled all the others in RIVN, TNA, TQQQ, TSLA and XLV for tiny credits.
Assignments:
Unable to roll these out a week for any credit –
LABU 34.0 Puts (adjusted stock cost after put premium is 26.30)
LABU 32.0 Put (adjusted stock cost after put premium is 18.60)
VXX Calls for next week
At the close – hitting the bid because I had 3 extra long calls in future weeks
Sold to Open 1 VXX Feb 04 2022 29.0 Call at $0.31
Sold to Open 1 VXX Feb 04 2022 28.0 Call at $0.38
Sold to Open 1 VXX Feb 04 2022 27.0 Call at $0.50
VXX at 22.99
TSLA Put
Bought to close 1 TSLA Jan 28 2022 730.0 Put at $0.01. Sold on Tuesday before earnings at $2.29
TQQQ Covered Call Ladder
Sold TQQQ Feb 04 2022 63.5 Call at $0.41
Sold TQQQ Feb 04 2022 64.0 Call at $0.39
Sold TQQQ Feb 04 2022 64.5 Call at $0.33
TQQQ at 54.50
VXX Call Rollups
Starting rolls because VXX is bouncing and it could get crazy at the close.
Gaining a nice bump in the short strike prices along with the positive cash flow.
Bought to close 1 VXX Jan 28 2022 23.0 Call / Sold to Open 1 VXX Feb 04 2022 25.5 Call at $0.22 Credit
Bought to close 1 VXX Jan 28 2022 22.5 Call / Sold to Open 1 VXX Feb 04 2022 23.5 Call at $0.32 Credit
Bought to Close VXX Jan 28 2022 21.5 Calls / Sold to Open VXX Feb 04 2022 22.0 Calls at $0.05 Credit.
Waiting out my 23.50 and 24.0 Calls until near the close
My Calls at 25.0 and higher will most likely expire.
Hoping for less volatility next week.
It’s crazy KOLD today
Sold KOLD1 Feb 18 2022 5.0 Puts at $0.50.
Sold against fully paid for long KOLD1 May 3.0 Puts.
All my longs are now fully covered
#DoubleDip
TSLA Call
Bought to close 1 TSLA 01/28/2022 1,000.00 Diagonal Call at $0.01.
Sold on a rollup last Friday at $60.67
Leaves a fully paid for TSLA Feb 1200 Call that I might sell or write against again.
Tiny stock buys
Another day, another batch of #SP500 #FallingKnife trades
Added to my positions in:
CDAY at $68.00
ILMN at $319.00
Started new positions in:
AAL at $15.00
MMM at 163.38
SWK at $169.00
VFC at $65.18
WDC at $49.20
It’s KOLD out there
Sold KOLD1 Feb 18 2022 8.0 Put (pre-split contract) at $0.95 against a long August 4.0 Put already long and paid for.
Sold KOLD1 Feb 18 2022 7.0 Puts (pre-split contract) at $0.60 against long May 4.0 Puts already long and paid for.
#DoubleDip
Quote of the day from Twitter
2022 YTD performances… but we are not in a bear market…
$SHOP -38.28%
$NFLX -35.63%
$SQ -26.72%
$MDB -32.44%
$SPOT -26.27%
$DOCU -24.71%
$CMG -22.37%
$TEAM -21.05%
$TSLA -18.17%
Honorable mentions:
$GME -35.65%
$AMC -45.66%
Nothing to see here…
NLSN TER TROW Stocks
More tiny buys of #SP500 stocks at new lows
Started a new position in NLSN at $18.15
Started a new position in TER at $103.02 after #Earnings collapse (40 point air pocket on earnings)
Started a new position in TROW at $150.00
#FallingKnife
VXX Calls
Did puts earlier, now some calls
Sold VXX Jan 28 2022 27.5 Calls at $0.21, $0.22 and $0.23.
The spike high on VXX this week was Monday at 27.84 when the VIX index was above 38. I don’t see that happening again this week.
VXX currently at 23.60
INTC MKTX Stock
Starting a tiny new position in INTC stock at its old 52-week low.
Bought INTC at $47.87
Added MKTX at $329.54. My last trade was to sell a bit of this at $415.00 for a small gain on 12/15/2021.
#SP500 #FallingKnife
VXX Puts
Bought to open VXX Mar 18 2022 10.0 Puts at $0.01
Sold to Open VXX Feb 04 2022 19.0 Puts at $0.20
Short DTE = 8
Long DTE = 50
The long side of the spread is just to lower the margin requirements by 10 points per contract vs. a outright sale of the put as a cash backed trade.
And it’s an ultra-cheap lottery ticket.
#VXXContango
VXX Calls
Puts this morning, more calls now
Sold VXX Jan 28 2022 27.0 Calls at $0.94.
VXX at 24.33
PAYC Stock
Started a new tiny position in PAYC at $298.23 as it reached its 52-week low
#SP500 #FallingKnife
RIVN TNA Calls
On the FED market bump:
Sold RIVN Jan 28 2022 73.0 Diagonal Calls at $0.58
Sold RIVN Jan 28 2022 70.0 Diagonal Calls at $0.74
Sold TNA Jan 28 2022 67.0 Diagonal Calls at $0.75
LABU Covered Calls
Sold LABU Jan 28 2022 25.0 Covered Calls at $0.17
VXX Puts
All my short VXX Puts are gone so I’m starting a new Spread
Bought to open VXX Mar 18 2022 14.0 Puts at $0.19
Sold to Open VXX Jan 28 2022 20.0 Puts at $0.29
Long DTE = 51
Short DTE = 2
No margin cost because of all my VXX Bear Call Spreads
#VXXContango
ARKK
What’s more fun to ridicule than just one ARKK ETF? A 2x leveraged ARKK ETF that experiences twice the “performance” of its underlying.
Though we’re not sure why anyone would want to replicate ARKK’s performance to a 2x degree, but for the idea that the “Innovation” ETF is due for a massive rebound, that appears to be exactly what is happening.
A filing on Tuesday with the Securities and Exchange Commission has introduced the AXS 2X Innovation exchange-traded fund (ticker TARK), which seeks to target 200% of the “performance” of the ARK Innovation Fund, according to Bloomberg Wednesday morning.
TSLA
#Earnings tonight for those still interested
Here’s what analysts expect from the results, according to consensus estimates compiled by Bloomberg:
Revenue: $16.64 billion expected vs. $13.76 billion previous
Adjusted earnings per share: $2.37 expected vs. $1.86 previous
ILMN Stock
Another #SP500 stock at a new low
Started a tiny position in ILMN at $341.03.
#FallingKnife
TNA Calls
Sold TNA Jan 28 2022 70.0 Diagonal Calls at $0.57 and $0.60
TNA at 59.63
VXX Calls
Sold VXX Jan 28 2021 26.5 Diagonal Calls at $1.02
VXX at 23.82
TSLA Put
For #Earnings
Sold 1 TSLA Jan 28 2022 730.0 Put at $2.29
TSLA at 948
TQQQ Covered Call Ladder
Sold TQQQ Jan 28 2022 64.0 Call at $0.48
Sold TQQQ Jan 28 2022 64.5 Call at $0.42
Sold TQQQ Jan 28 2022 65.0 Call at $0.38
TQQQ at 56
More Tiny Stock buys
Added GLW at $34.00
Added CHTR at $565.00
Added BF/B at $65.00
Added BIIB at $215.77
#SP500 #FallingKnife
Tiny Stock Buys
Adding to my #SP500 portfolio of stocks with the tiniest of stock buys this morning
Added ADSK at $234.08
Added AES at $22.00
Added ALGN at $425.00
Added CDAY at $73.00
Added DIS at $134.00
Added ECL at $190.00
Added IPGP at $144.00
Added PYPL at $156.03
Added QRVO at $131.62
Added ROST at $93.50
New MTCH position at $112.61
New NFLX position at $378.54
New ROL position at $31.00
Not an #SP500 stock but added to my COIN position at $158.00
Very much #FallingKnife trades in an IRA with plenty of cash.
OptionsExpiration
Expired:
KOLD1 9.0 Diagonal Put
KOLD1 8.0 Diagonal Put
KOLD1 7.0 Diagonal Puts
LABU 50/25 Bear Call Spreads
LABU 25.0 Covered Calls
TNA 90/70 Bear Call Spreads
TQQQ 95/73 Bear Call Spread
TQQQ 83.5/73 Bear Call Spread
TQQQ 83.5/70 Bear Call Spread
TQQQ 83/70 Bear Call Spreads
TSLA 710/880 Bull Put Spread
TSLA 710/900 Bull Put Spread
VXX 10/16.5 Bull Put Spreads
VXX 15/17 Bull Put Spreads
VXX 50/23.5 Bear Call Spread
VXX 49/23.5 Bear Call Spread
VXX 48/23.5 Bear Call Spread
VXX 47/23.5 Bear Call Spread
Assignments:
TQQQ 74.75 Short Puts (not able to roll them for even a tiny credit)
Adj cost after put premium = 69.90
VXX Calls
Hopefully the last roll
Bought to close VXX Jan 21 2022 23.0 Calls at $0.24. Sold last Friday at $0.34
Replaced them with VXX Jan 28 2022 25.0 Calls at $1.38
Bought to close VXX Jan 21 2022 23.0 Calls at $0.24. Sold this week at $0.16 and $0.25
Replaced them with VXX Jan 28 2022 26.0 Calls at $1.19
LABU Put Rolldown
Rolled LABU Jan 21 2022 21.0 Put to LABU Jan 28 2022 20.0 at $0.02 Credit
TSLA Call
Bought to close 1 TSLA Jan 21 2022 1,150.0 Diagonal Call at $0.01. Sold Last Friday on a rollup at $5.05.
Sold 1 TSLA Jan 28 2022 1,200.0 Call at 2.63. I own the Feb monthly 1200 call so at least no upside risk for this position through #Earnings next week.
TSLA
Well, my call spread is working fine but I got cute once too often with the offsetting put and had to roll it.
Bought to close TSLA Jan 21 2022 965.0 Put / Sold to Open 1 TSLA Jan 28 2022 880.0 Put at $0.15 Credit
TQQQ Puts
Sold TQQQ Jan 28 2022 45.0 Puts at $0.40.
Pretty darn generous considering the stock is bouncing around the 58-62 range today (and the massive drop in NFLX is already in the price)
XLV Puts rolled down
I was wrong when I thought these would expire when the stock was over 133 just yesterday.
Bought to close XLV Jan 21 2022 132.0 Puts / Sold to Open XLV Jan 28 2022 131.5 Puts at $0.40 Credit.
Plus lowered the strike another fifty cents
VXX Call Rollup
Bought to close VXX Jan 21 2022 21 Calls / Sold to Open VXX Jan 28 2022 23.5 Calls at $0.08 Credit.
Added 2.5 points to the short strike
VXX Call Rolled up
Just in case it’s crazy at the close
Bought to close VXX Jan 21 2022 22.5 Calls at $0.43
Sold to open VXX Jan 28 2022 24.0 Calls at $1.08.
$0.65 Credit AND bumped the strike up 1.50 points
RIVN Puts
Rolled all my RIVN puts out a week for tiny credits
ADSK ALGN BBY CDAY DIS ECL KMX PENN PYPL SWKS COIN
Tiny buys in several #SP500 stocks at new lows plus back into COIN at its low
New ADSK position at $245.00
Added ALGN at $475.00
New BBY position at $84 54
New CDAY position at $78.13
Added to DIS at $140.00
New ECL position at $201.14
New KMX position at $104.86
Added to PYPL at $170.00
Added to PENN at $41.00
New SWKS position at $142.00
Added to COIN at 196.00, below its post IPO low. I exited a bunch of COIN above $300 in November
NFLX
Netflix Craters On Subscribers Miss, Catastrophic Guidance
Two years of stock market gains… gone
SBUX
Started a tiny new position in SBUX at its 52-week low of $95.92.
#SP500 #FallingKnife
ROST Stock
Added to my tiny holding of ROST at $98.60, below the old 52-week low of $98.79
#SP500 #FallingKnife
#Earnings on Mar 01
Next target price = 93.50
VXX Call Ladder adjustment
Rolling up a small part of this week’s VXX option ladder to next week.
Bought to close 1 VXX Jan 21 2022 21.5 Call at $0.29. Sold on Tuesday at $0.46
Bought to close 1 VXX Jan 21 2022 22.0 Call at $0.21. Sold on Tuesday at $0.38
Replaced them with:
1 VXX Jan 28 2022 22.5 Call at $0.85
1 VXX Jan 28 2022 23.0 Call at $0.77
IPGP QRVO Semi Stocks
Added to my tiny holding of QRVO at $140.00, below the old 52-week low of $141.66.
Also added to my IPGP stock at $150.0, below its old 52-week low of $151.27.
Both stocks in the Semiconductor space.
#SP500 #FallingKnife
RIVN Long put closed
Sold to close 1 RIVN Jan 21 2022 65.0 Put at $0.78. Bought this last year and wrote against it multiple times, recovering the entire cost and more, but it expires tomorrow.
RIVN at 67.30
TSLA Call
One final rollup before earnings
Bought to close 1 TSLA Jan 21 2022 965.0 Call at $60.52. Sold last Friday on a rollup at $72.67.
Sold to Open 1 TSLA Jan 28 2022 1,000.0 Call at $60.67, added 35 points to the strike price and still got a small credit.
Hedged with a couple of Feb monthly long calls.
TSLA trading at 1025
#OnlySpreads
PTON
Peloton Plunges Below IPO Price On Reports Of Production Halt
https://www.zerohedge.com/markets/peloton-craters-shares-halted-after-reporting-production-halt
LABU Extra long Puts closed
Sold to close LABU Jan 21 2022 25.0 Puts at $4.10 as they expire tomorrow.
Bought these on 12/20/2021 at $0.82.
This gain makes up part of the loss on my holding LABU stock from some put assignments.
TSLA Put
Sold 1 TSLA Jan 21 2022 965.0 Diagonal Put at $1.60.
Expires tomorrow and I have a short call for this week at the same strike that I am trying to roll up.
TSLA at 1035
LABU early assignment
Assigned on one of my LABU 34.0 Puts last night. Adjusted cost after put premium is 23.90.
Sold LABU 01/21/2022 25.0 Covered Calls at $0.07 as a scalp against this lot and some other LABU in the account.
I will revisit this position next week to determine where to sell my next set of Covered Calls
XLV Puts
Rolling down these puts again for a credit
Bought to close XLV Jan 21 2022 135.0 Puts / Sold to Open XLV Jan 28 2022 134.5 Puts at $0.12 Credit.
Sold these against March long puts. Plenty of rolls left.
#OnlySpreads
My short XLV 132 and 130 puts are looking like they will expire tomorrow unless the market collapses again.
TNA TQQQ Calls
Sold TNA Jan 21 2022 70.0 Diagonal Calls at $0.42
Sold TQQQ Jan 21 2022 70.0 Diagonal Calls at $0.37
I’ve got a lot of short puts in both. Daring Mr. Market to come get these 🙂
#OnlySpreads
KOLD1 Put
These are harder to trade since the reverse split(very illiquid) but I was able to roll the strike price down 10% for next month.
Bought to close KOLD1 Jan 21 2022 11.0 Puts / Sold to Open KOLD1 Feb 18 2022 10.0 Put at $0.02 Credit
Long May and August Puts that are fully paid for as the hedge.
#OnlySpreads
PS: My KOLD1 Jan 9.0, 8.0 and 7.0 short puts will expire tomorrow.
XLV Puts
Writing against some excess long XLV March Puts
Sold XLV Jan 21 2022 130.0 Puts at $0.29
TSLA Put
Sold 1 TSLA Jan 21 2022 880.0 Put at $1.30
TSLA still over $1000 and #Earnings not until next week.
TNA Put
Sold 1 TNA Jan 21 2022 66.0 Diagonal Put at $2.07
#OnlySpreads
VXX Long Put
Prepping a new long position since my in the money VXX Jan 21st Puts are about to be sold off between now and Friday.
Bought VXX Jun 17 2022 12.0 Puts at $0.95 & 0.90
In 6 months I expect this to be in the money too.
#VXXContango
KOLD1 Put
These are harder to trade since the reverse split but I was able to roll the strike price down 10% for next month
Bought to close KOLD1 Jan 21 2022 10.0 Put / Sold to Open KOLD1 Feb 18 2022 9.0 Put at $0.05 Credit
ALGN Stock
Started a new position in ALGN at its 52-week Low of $494.00
#SP500 #FallingKnife
TNA Put
Sold 1 TNA Jan 21 2022 69.0 Diagonal Put at $2.20
#OnlySpreads
VXX Call Ladder
Beginning the process of replacing last week’s Calls
Sold 1 VXX Jan 21 2022 20.5 Diagonal Call at $0.70
Sold 1 VXX Jan 21 2022 21.0 Diagonal Call at $0.58
Sold 1 VXX Jan 21 2022 21.5 Diagonal Call at $0.46
Sold 1 VXX Jan 21 2022 22.0 Diagonal Call at $0.38
Sold VXX Jan 21 2022 22.5 Diagonal Calls at $0.30
Sold VXX Jan 21 2022 23.0 Diagonal Call at $0.25
Sold VXX Jan 21 2022 23.5 Diagonal Calls at $0.21
#DoubleDip
AES ATVI CHTR stock
Bought a tiny bit of AES at $22.60 to start a new position at the 52-week low
Bought a tiny bit of CHTR at $585.45 to start a new position at the 52-week low
#FallingKnife #SP500
Also, Microsoft announced they were buying ATVI at $95.00/share. I have a tiny bit of that too.
Options Bistro 