Adding one more at a better credit:
Sold 1 HLT 01/09/2026 300/297.5 Bear Call Spread at $0.65 Credit
Also:
Sold 1 HLT 01/09/2026 282.5/287.5 Bull Put Spread at $0.22 Credit
Sold 1 HLT 01/09/2026 282.5/285 Bull Put Spread at $0.12 Credit
Author Archives: Option Iceman
BOIL Put
Rolled the long side of a spread down and out
Sold to close 1 BOIL 01/09/2026 19.0 Put at $0.53 (Bought at $0.29)
Bought to open 1 BOIL 01/16/2026 17.0 Put at $0.34 for a $0.19 Credit
FallingKnife stocks
Added to all these at or below prior 52-week lows:
CAG at $16.28 and $16.25
CPB at $26.50 (Ex-div tomorrow)
GIS at $43.50 and $43.27 (Ex-Div 01/09)
HPQ at $21.21
KHC at $23.00
KMB at $97.00
LW at $40.40
All have decent dividends
KHC Stock
Added a tiny bit of KHC at $23.48
#SP500 #FallngKnife
HLT Spread
Sold 1 HLT 01/09/2026 300/297.5 Bear Call Spread at $0.35 Credit
BOIL SOXL GLD Spreads
Bought 1 BOIL 01/16/2026 15.0 Put / Sold 1 BOIL 01/09/2026 17.5 Put at $0.13 Diagonal Credit
Bought 1 SOXL 01/16/2026 58.0 Call / Sold 1 SOXL 01/09/2026 52.5 Call at $0.12 Diagonal Credit
Sold 1 GLD 01/07/2026 425/420 Bear Call Spread at $0.15 Credit
Sold 1 GLD 01/09/2026 430/425 Bear Call Spread at $0.22 Credit
SLV Expiration
1 SLV 74/71.5 Bear Call Spread
1 SLV 58.50/61 Bull Put Spread
1 SLV 60/63 Bull Put Spread
KMB Puts
Sold 1 KMB 01/09/2026 95/96 Bull Put Spread at $0.15 Credit
SLB HAL Stock
Sold a tiny bit of SLB at $45.01.
Bought at $40 in September of 2024
Sold a tiny bit of HAL at $33.03.
Bought at $30 in September of 2024
NVDA
Sold 1 NVDA 01/09/2026 197.5 Call at $1.26 against a long NVDA 202.5 Call left over from last week’s diagonal Spread
#DoubleDip
Sold 1 NVDA 01/09/2026 172.5/175 Bull Put Spread at $0.13 Credit
PG SLV Put Spreads
Sold 1 PG 01/09/2026 135/137 Bull Put Spread at $0.18 Credit
Sold 1 SLV 01/09/2026 57/62 Bull Put Spread at $0.18 Credit
Sold 1 SLV 01/12/2026 57/61 Bull Put Spread at $0.16 Credit
Sold 1 SLV 01/14/2026 55/60 Bull Put Spread at $0.22 Credit
Sold 1 SLV 01/16/2026 55/60 Bull Put Spread at $0.30 Credit
Sold 1 SLV 01/07/2026 60/65 Bull Put Spread at $0.27 Credit
CPB KMB Stock
Added tiny bits of CPB at $27.60 and KMB at $99.00 and $98.00
#SP500 #FallingKnife
OptionsExpiration
SOXL 49/48 Bear Call Spreads
SOXL 50.5/48 Bear Call Spread
SOXL 50/48 Bear Call Spread
SOXL 35.5/40 Bull Put Spread
NVDA 195/192.5 Bear Call Spread
NVDA 192.5 Diagonal Call
SLV 59/61.5 Bull Put Spread
SLV 61/64 Bull Put Spread
SLV 71/68.5 Bear Call Spread
SPY 690/689 Bear Call Spread
SPY 688/687 Bear Call Spread
BOIL 21.0 Puts
SPCE 4.5 Covered Calls
Assignments:
1 BOIL 22.0 Put
Decent start to the new year
BOIL Put
Sold BOIL 01/09/2026 18.5 Puts at $0.16 and $0.20
#TinyPuts
SLV NVDA Calls
Sold 1 SLV 01/05/2026 74/71.5 Bear Call Spread ar $0.14 Credit
Sold 1 SLV 01/07/2026 77/74.5 Bear Call Spread ar $0.14 Credit
Sold 1 NVDA 01/09/2026 212.5/207.5 Bear Call Spread at $0.17 Credit
Zero day Spreads
Sold 1 SPY 01/02/2026 688/687 Bear Call Spread at $0.32 Credit
Sold 1 SPY 01/02/2026 690/689 Bear Call Spread at $0.07 Credit
Sold 1 SOXL 01/02/2026 49/48 Bear Call Spread at $0.28 Credit
SLV Expiration
SLV 12/31/2025 61/63.5 Bull Put Spread
SLV 12/31/2025 74/71.5 Bear Call Spread
SLV 12/31/2025 75/73.5 Bear Call Spread
SLV 12/31/2025 62.0 Puts
SLV 12/31/2025 61.5 Put
BOIL Puts
Sold BOIL 01/02/2026 21.0 Puts at $0.13
#TinyPuts
SLV Puts Rolled
Rolled 1 SLV 12/31/2025 62/65 Bull Put Spread to 1 SLV 01/07/2026 56.5/61.5 Bull Put Spread at $0.05 Credit
SLV Puts
Sold 1 01/05/2026 58.5/61 Bull Put Spread at $0.17 Credit
More SLV
Sold SLV 12/31/2025 62.0 Puts at $0.06 and $0.08
#TinyPuts #EveryLittleBitHelps
SLV Puts
Sold 1 SLV 12/31/2025 62/65 Bull Put Spread at $0.19 Credit
Sold 1 SLV 01/02/2026 61/64 Bull Put Spread at $0.14 Credit
Sold 1 SLV 01/05/2026 60/63 Bull Put Spread at $0.20 Credit
Sold 1 SLV 01/07/2026 59/62 Bull Put Spread at $0.26 Credit
SLV
Closed 1 SLV 12/29/2025 74/72.5 Bear Call Spread at $0.00 debit
Rolled to 1 SLV 12/31/2025 73.5/70.5 Bear Call Spread at $0.18 Credit
SLV Expiration:
SLV 12/29/2025 63.5 Put – Sold today at $0.20
SLV 12/29/2025 62.5 Put – Sold today at $0.10
SLV 12/29/2025 61.5/63.5 Bull Put Spread – Sold today at $0.14
LW Stock
Started a tiny new position in LW at $44.44. Decent dividend. Multiyear low
#FallingKnife
OptionsExpiration
A very good week finally!
DLTR 139/133 Bear Call Spread
DLTR 134/130 Bear Call Spread
DLTR 134/132 Bear Call Spreads
DOW 20.5/22 Bull Put Spread
DOW 21/22 Bull Put Spread
DOW 21/22.5 Bull Put Spreads
EOG 97/100 Bull Put Spread
GLD 415/410 Bear Call Spread (my last GLD position)
NFLX 88/90.5 Bull Put Spread
NFLX 88.5/91 Bull Put Spread
NFLX 100.5/98 Bear Call Spread
NFLX 101.5/100 Bear Call Spread
SOXL 30/32.5 Bull Put Spread
SOXL 48/45.5 Bear Call Spread
TTD 35..5 Diagonal Put
TTD 35.0 Diagonal Put
TTD 40/38 Bear Call Spread
TTD 40/39 Bear Call Spread
VTRS 12.0 Covered Call
BAX 20.5 Covered Call
MSTX 6.0 Covered Call
SPCE 5.0 Covered Call
SPCE 4.5 Covered Calls
DOW 30.0 Covered Call
BAX 22.5 Covered Calls
IP 43.0 Covered Call
#EveryLittleBitHelps
DOW 21.5 Puts
DOW 22.0 Put
TTD 32.5 Put
PSKY 10.0 Put
PSKY 11.0 Put
PSKY 11.5 Put
MSTX 4.0 Put
GIS 45.0 Put
BOIL 22.0 Put
CPRT 35.0 Put
#TinyPuts
DJT Calls
Sold DJT 12/19/2025 17/15.5 Bear Call Spreads at $0.13 and $0.18 Credits
Sold DJT 12/19/2025 17/16 Bear Call Spreads at $0.14 and $0.19 Credits
#1DTE #EveryLittleBitHelps
GLD Expiration
1 GLD 12/17/2025 372/377 Bull Put Spread
1 GLD 12/17/2025 381/385 Bull Put Spread
1 GLD 12/17/2025 382/386 Bull Put Spread
GLD Calls Rolled
Rolled 1 GLD 12/17/2025 410/405 Bear Call Spread to 1 GLD 12/19/2025 415/410 Bear Call Spread at $0.16 Credit
SOXL Puts
Sold 1 SOXL 12/19/2025 28/32 Bull Put Spread at $0.22 Credit
NFLX SLV TTD Spreads
Sold 1 NFLX 12/19/2025 101.5/100 Bear Call Spread at $0.17 Credit
Sold 1 SLV 12/19/2025 65/62.5 Bear Call Spread at $0.18 Credit
Sold 1 TTD 12/19/2025 41/38.5 Bear Call Spread at $0.15 Credit
Sold 1 TTD 12/19/2025 40/39 Bear Call Spread at $0.17 Credit
SOXL DOW EOG DLTR TTD NFLX Spreads
Sold 1 SOXL 12/19/2025 48/45.5 Bear Call Spread at $0.14 Credit
Sold 1 DOW 12/19/2025 20.5/22 Bull Put Spread at $0.17 Credit
Sold 1 DOW 12/19/2025 21/22 Bull Put Spread at $0.15 Credit
Sold 1 EOG 12/19/2025 97/100 Bull Put Spread at $0.30 Credit
Sold 1 TTD 12/19/2025 40/38 Bear Call Spread at $0.18 Credit
Sold 1 NFLX 12/19/2025 100.5/98 Bear Call Spread at $0.17 Credit
Bought DLTR 12/26/2025 139.0 Calls / Sold DLTR 12/19/2025 135.0 Calls for Diagonal Bear Call Spreads of $0.13 and $0.18 Credits
DOW BOIL Puts
Sold DOW 12/19/2025 21.5 Puts at $0.06 and $0.12
Sold 1 BOIL 12/19/2025 22.0 Put at $0.08
#TinyPuts
GLD Expiration
1 GLD 12/15/2025 406/401 Bear Call Spread
DLTR Calls
Sod 1 DLTR 12/19/2025 139/134 Bear Call Spread at $0.84 Credit
GLD Puts
Rolled 1 GLD 12/15/2025 368/373 Bull Put Spread to 1 GLD 12/17/2025 382/386 Bull Put Spread at $0.21 Credit
Rolled 1 GLD 12/15/2025 379/384 Bull Put Spread to 1 GLD 12/17/2025 381/385 Bull Put Spread at $0.19 Credit
BAX MSTX TTD CPRT
Sold BAX 12/19/2025 22.5 Covered Calls at $0.02
Sold 1 MSTX 12/19/2025 6.0 Covered Call at $0.05
#EveryLittleBitHelps
Sold 1 CPRT 12/19/2025 35.0 Put at $0.10
Sold 1 DOW 12/19/2025 22.0 Put at $0.09
Sold 1 MSTX 12/19/2025 4.0 Put at $0.10
Sold 1 TTD 12/16/2025 32.5 Put at $0.05
#TinyPuts
OptionsExpiration
CPB 28.0 Put
CPB 27.5 Put
CPB 27.0 Put
DOW 22.5 Put
BAX 20.5 Covered Call
DOW 29.0 Covered Call
MSTX 6.0 Covered Call
SPCE 5.0 Covered Calls
GLD 375/378 Bull Put Spread
MSTX 8/6.5 Bear Call Spread
PG 137/138 Bull Put Spread
SOXL 57/54 Bear Call Spread
Assignments:
1 BAX 19.0 Covered Call
1 CMG 35.0 Covered Call
GLD Expiration
1 GLD 12/10/2025 373/377 Bull Put Spread
DOW Stock and put
Sold the DOW shares I acquired via a 23.0 Put assignment on Friday at $23.81
Then Sold 1 DOW 12/12/2025 22.5 Put at $0.06
#EveryLittleBitHelps
NVDA AAPL MSFT
These 3 stocks now account for 20% of the entire SP500 index
NFLX Spread
Sold 1 NFLX 12/12/2025 88/91.5 Bull Put Spread at $0.22 Credit
PG stock
Started a tiny new position in PG at $139.00.
#SP500 #FallingKnife
More Spreads
Sold 1 DLTR 12/12/2025 130/127 Bear Call Spread at $0.64 Credit
Sod 1 PG 12/12/2025 135/137 Bull Put Spread at $0.39 Credit
Spreads
Sold 1 SOXL 12/12/2025 57/54 Bear Call Spread at $0.24 Credit
Sold 1 CMG 12/12/2025 38/35 Bear Call Spread at $0.20 Credit
Sold 1 FISV 12/12/2025 71/69 Bear Call Spread at $0.22 Credit
Sold 1 ULTA 12/12/2025 560/565 Bull Put Spread at $0.90 Credit
Sold 1 ULTA 12/12/2025 555/557.5 Bull Put Spread at $0.30 Credit
Sold 1 GLD 12/10/2025 372/377 Bull Put Spread at $0.27 Credit
SPCE MSTX CMG Calls
Sold SPCE 12/12/2025 5.0 Covered Calls at $0.11
Sold 1 MSTX 12/12/2025 6.5 Covered Call at $0.15
Sold 1 CMG 12/12/2025 35.0 Covered Call at $0.31
#EveryLittleBitHelps
OptionsExpiration
TZA 10.0 Covered Calls
SPCE 4.5 Covered Calls
MSTX 6.5 Covered Call
IP 43.0 Covered Call
CMG 34.5 Covered Call
BAX 19.0 Covered Call
CPB 29.0 Put
DOW 22.5 Put
FBTC 66.0 Put
MSTX 3.5 Put
TZA 7.0 Put
Assignments:
1 DOW 23.0 Put
TZA
New low today on the strength of the Russell 2000 index
CPB Put
Sold 1 CPB 12/12/2025 28.0 Put at $0.43
#Earnings next week
GLD Calls
Bought to close 1 GLD 12/05/2025 405.0 Call at $0.01 then
Sold to close 1 GLD 12/05/2025 410.0 Call also at $0.01
Releases $500 margin a day early
DOW Put
Sold 1 DOW 12/05/2025 23.0 Put at $0.07
#TinyPuts #EveryLittleBitHelps
UVXY
New low today
GLD Puts rolled
Closed 1 GLD 12/03/2025 372/377 Bull Put Spread and rolled it to 1 GLD 12/052025 374/379 Bull Put Spread at $0.15 Credit
OKTA Calls closed
Bought to close 1 OKTA 12/05/2025 100.0 Call at $0.01 then
Sold to close 1 OKTA 12/05/2025 105.0 Call at $0.02
MSTX Calls
Bought 1 MSTX 12/12/2025 8.5 Call / Sold 1 12/05/2025 6.5 Call for a Diagonal Bear Call Spread of $0.14 Credit
OKTA Spreads
Sold 1 OKTA 12/05/2025 105/100 Bear Call Spread at $0.28 Credit
Sold 1 OKTA 12/05/2025 62/67 Bull Put Spread at $0.28 Credit
#Earnings tonight
MSTX Calls
Sold 1 MSTX 12/05/2025 7.5/6.5 Bear Call Spread at $0.14 Credit
MSTX SOXL Calls
Sold 1 MSTX 12/05/2025 8.5/6.5 Bear Call Spread at $0.12 Credit
Bought 1 SOXL 12/12/2025 54 Call / Sold 1 12/05/2025 47 Call for a Diagonal Bear Call Spread at $0.20 Credit
ULTA Calls
Sold 1 ULTA 12/05/2025 610/607.50 Bear Call Spread at $0.33 Credit
Crypto trades
Sold 1 FBTC 12/05/2025 66.0 Put at $0.15
Sold 1 MSTX 12/05/2025 3.5 Put at $0.14
#FallingKnife #TinyPuts
Gold vs. Interest rates
If you take CPI data at face value, the current real rate is between 1.6 and 1.25 percent (That’s the Fed funds rate minus the current CPI of 2.9 percent).
If the Federal Reserve cuts its rate by 25 basis points, as expected, the average real rate will fall below 1 percent. Two or three more cuts will result in a negative real rate. And if price inflation continues to increase, negative rates will manifest even faster.
Keep in mind that the true price inflation rate is higher than the CPI indicates. The government revised the CPI formula in the 1990s so that it understates the actual rise in prices. Based on the formula used in the 1970s, CPI is closer to double the official numbers. So, given the current BLS estimate of 2.9 percent, under the old formula, you’d be looking at CPI closer to 6 percent. In other words, real rates may well already be negative.
And that means there is no opportunity cost to holding gold or silver.
This is extremely bullish for precious metals. It explains why their prices have rallied every time the Fed has hinted at cutting. And it’s one of the reasons many analysts believe the gold and silver rally has plenty of legs left.
The truth is (although they would never say it out loud), the central bankers over at the Federal Reserve prefer negative real rates because it softens the government’s massive debt burden.
GLD expiration
1 GLD 11/26/2025 391/390 Bear Call Spread
CPB Puts
Sold 1 CPB 11/28/2025 30.0 Put at $0.17
Sold 1 CPB 11/28/2025 29.5 Put at $0.07
#TinyPuts #EveryLittleBitHelps
MSFT Puts
Sold 1 MSFT 11/28/2025 442.5/447.5 Bull Put Spread at $0.24 Credit
BBY Puts
On Monday sold these low risk puts
Sold 1 BBY 11/28/2025 64.0 Put at $0.18
Sold 1 BBY 11/28/2025 61.0 Put at $0.16
#TinyPuts
GLD expiration
1 GLD 11/24/2025 384/381 Bear Call Spread
MSTX puts and stock
Got assigned on MSTX 5.50 put on Friday
Just dumped the stock at $5.61.
Then Sold 1 MSTX 11/28/2025 5.0 Put at $0.17
#TinyPuts
UVXY Reverse Split
Also split today after close. Will start trading after split on Thursday.
GLD Expiration
1 GLD 11/12/2025 356/362 Bull Put Spread
1 GLD 11/12/2025 358/363 Bull Put Spread
GLD Expiration
1 GLD 11/10/2025 360/364 Bull Put Spread
SP500 Falling knife
Bought a tiny bit more of BAX at $18.00
Bought a tiny bit more of CLX at $108.00
Bought a tiny bit more of KMB at $100.00
All yield north of 4% and are at new lows
GLD Expiration
1 GLD 358/361 Bull put spread
1 GLD 362/366 Bull put spread
GLD Expiration
1 GLD 10/29/2025 383/374 Bear Call Spread
Falling knife stocks
in the SP500 index with over 4% dividends at new lows
Bought a tiny bit of CPT at $97.50
Bought a tiny bit of MAA at $127.00
Bought a tiny bit of HRL at $22.00
Bought a tiny bit of CMCSA at $29.00
Bought a tiny bit of GIS at $47.00
Bought a tiny bit of ARE at $60.00
Bought a tiny bit of CAG at $17.50
Bought a tiny bit of CLX at $113.00
Bought a tiny bit of KMB at $117.00
FI
Nibbling on a spec trade.
Bought a tiny bit of FI at $75.00 and $76.00 pre-market. Previous close was $126.22
A real #FallingKnife
CLX KMB
Lightened up on a tiny bit of KMB at $121.68 (I have a bull put spread for Friday) while adding a tiny bit more of CLX at $115.00
#FallingKnife
Options Bistro 