Sold all these:
LABU Apr 01 2022 18.0 Calls at $0.35 & $0.40
LABU Apr 01 2022 17.5 Calls at $0.45 & $0.55
LABU Apr 01 2022 17.0 Calls at $0.55 & $0.70
replacing similar calls that expired Friday
#OnlySpreads
Author Archives: Option Iceman
OptionsExpiration
A strong market again this week but finally some short calls in LABU and TNA expired . TLRY put on a major run in the last 2 days so I’ll be making some cash on covered calls and bear call spreads next week.
VXX remains elevated, so I was able to pre-sell some of next week’s calls as every VXX short position expired this week.
EXPIRED:
LABU 18.0 Diagonal Call
LABU 17.0 Diagonal Calls
LABU 13.0 Diagonal Put
TNA 65.0 Covered Call
TNA 65.5 Covered Call
TNA 69/65 Bear Call Spread
TNA 70/65.5 Bear Call Spread
TNA 70/66 Bear Call Spread
VXX 40/35 Bear Call Spread
VXX 39/33 Bear Call Spread
VXX 38/32 Bear Call Spread
VXX 38/31 Bear Call Spread
VXX 31.0 Diagonal Call
VXX 30.0 Diagonal Calls
VXX 29.5 Diagonal Calls
VXX 29.0 Diagonal Call
VXX 28.5 Diagonal Calls
VXX 28.0 Diagonal Calls
VXX 23.0 Diagonal Puts — #VXXContango
VXX 14/22 Bull Put Spread
TNA TQQQ Calls Rolled
At 3:30 these looked like they would expire. Then’ someone’ said BTFD
Bought to close TQQQ Mar 25 2022 56.0 Calls at $0.72. Sold on 3/22 at $1.58 and $1.61.
Bought to close 1 TNA Mar 25 2022 64.0 Call at $0.19. Sold last Friday on a roll at $3.04
Sold TQQQ Apr 01 2022 58.50 Calls at $1.23 for a $0.51 Credit and 2.5 additional points on the short strike
Sold 1 TNA Apr 01 2022 69.0 Call at$0.48 for a $0.29 Credit and 5 additional points on the short strike
TLRY Covered Calls
Rolled my TLRY Mar 25 2022 7.5 Covered Calls to TLRY Apr 01 2022 9.0 Covered Calls at $0.09 Credit and boosted the short strike 1.5 points (or 20%)
TQQQ Covered Calls
Rolling calls over for another week for some extra cash (instead of allowing assignment) while still keeping decent downside protection
Rolled TQQQ Mar 25 2022 46.0 Covered Calls to TQQQ Apr 01 2022 46.0 Covered Calls at $0.35 Credit
Rolled TQQQ Mar 25 2022 47.5 Covered Calls to TQQQ Apr 01 2022 48.0 Covered Calls at $0.10 Credit plus gained a half point on the short strike
Rolled TQQQ Mar 25 2022 48.0 Covered Calls to TQQQ Apr 01 2022 48.5 Covered Calls at $0.20 Credit plus gained a half point on the short strike.
Edit: after TQQQ bounced:
Rolled TQQQ Mar 25 2022 49.0 Covered Calls to TQQQ Apr 01 2022 49.0 Covered Calls at $0.40 Credit
LABU Spread closed
Bought to Close LABU Mar 25 2022 20.5/18.0 Bear Call spreads at $0.06. Sold last Friday at $0.51
VXX Call Ladder
Sold 1 VXX Apr 01 2022 30.0 Call at $0.64
Sold 1 VXX Apr 01 2022 31.0 Call at $0.57
Sold 1 VXX Apr 01 2022 32.0 Call at $0.52
Sold 1 VXX Apr 01 2022 33.0 Call at $0.48
Sold 1 VXX Apr 01 2022 34.0 Call at $0.44
Sold 1 VXX Apr 01 2022 35.0 Call at $0.40
Replacing similar calls that will expire today
The short squeeze in VXX is still an issue. But the VIX index and /VX futures are falling early on
TNA and TQQQ Calls rolled up
Bought to close 1 TNA Mar 25 2022 61.0 Call / Sold to Open 1 TNA Apr 01 2022 63 Call at $0.26 Credit plus a 2 point higher strike.
Bought to close 1 TNA Mar 25 2022 62.5 Call / Sold to Open 1 TNA Apr 01 2022 65.5 Call at $0.17 Credit plus a 3 point higher strike.
Bought to close TQQQ Mar 25 2022 51.0 Calls / Sold to Open TQQQ Apr 01 2022 52.0 Calls at $0.02 Credit plus a 1 point higher strike
Bought to close TQQQ Mar 25 2022 53.0 Calls / Sold to Open TQQQ Apr 01 2022 54.0 Calls at $0.29 Credit plus a 1 point higher strike
Bought to close 1 TQQQ Mar 25 2022 53.0 Call / Sold to Open 1 TQQQ Apr 01 2022 54.5 Call at $0.11 Credit plus 1.5 point higher strike
Bought to close 1 TQQQ Mar 25 2022 55.0 Call / Sold to Open 1 TQQQ Apr 01 2022 57.5 Call at $0.18 Credit plus 2.5 point higher strike
LABU Puts and Calls
Bought to Close 1 LABU Mar 25 2022 17.5 Put at $1.02. Sold last week on a roll at $2.45
Bought to Close LABU Mar 25 2022 15.5 Calls $1.33. Sold last week on a roll at $2.07
Sold to Open 1 LABU Apr 01 2022 16.5 Put at $1.08 and gained a point on the short strike
Sold to Open LABU Apr 01 2022 16.5 Calls at $1.35 and also gained a point on the short strike
Leaves me with a short LABU 16.5 straddle for next week.
SWK Stock
Added to my SWK stock position at a new low at $139.00.
#FallingKnife #SP500
LABU Calls
Bought to close LABU Mar 25 2022 18.5 Calls at 0.05. They won’t trade any lower.
Sold last Friday on a rollup at $0.60
BMY, HAS stock
First the good.
Sold my tiny bit of BMY at a new 5-year high of 72.06.
Bought this on 11/29/2021 at 55.51, pretty near the 52-week low.
Started a tiny new position in HAS at $85.00 at a new 52-week low
#SP500 #FallingKnife
VXX Puts spreads
Bought to open VXX May 20 2022 15.0 at $0.10 (58 DTE)
Bought to open VXX Jun 17 2022 13.0 Puts at $0.12 (86 DTE)
Bought to open VXX Sep 16 2022 10.0 Puts at $0.18 (177 DTE)
Bought to open VXX Jan 20 2023 6.0 Puts at $0.13 (303 DTE)
Sold to open VXX Mar 25 2022 23.0 Puts at $0.14, $0.15, $0.17 and $0.20 (2 DTE)
Paired with the VXX Call ladder I sold on Monday.
#VXXContango spreads
TLRY Covered Calls
Sold TLRY Mar 25 2022 7.0 Calls at $0.15
Sold TLRY Mar 25 2022 7.5 Calls at $0.09
FBHS stock
Started a tiny new position in FBHS at $80.00 at a new 52-week low
#SP500 #FallingKnife
TQQQ Calls
At the close, Sold TQQQ Mar 25 2022 58.0 Calls at $0.75 and $0.77
PARA Stock
Sold 1/3 of my PARA(formerly VIAC) and my highest cost lot at $37.84.
Bought at $32.00 on 11/29/21. My remaining shares are up about 35%.
Former #FallingKnife
KOLD Put
Sold 1 KOLD Apr 14 2022 20. Put at $2.15.
Written against a long August 10.0 put that was fully paid for when the March 20.0 put sold against it expired last Friday.
#DoubleDip
TNA TQQQ Calls
Sold 1 TNA Mar 25 2022 66.0 Call at $2.17
Sold 1 TQQQ Mar 25 2022 56.0 Call at $1.61 (the stock has made a straight line run from 38.92 to 55.50 in the last 6 days)
LABU Put
Sold 1 LABU Mar 25 2022 13.0 Put at $0.15
VXX Call Ladder
Sold 1 VXX Mar 25 2022 35.0 Call at $0.31
Sold 1 VXX Mar 25 2022 33.0 Call at $0.34
Sold 1 VXX Mar 25 2022 32.0 Call at $0.35
Sold VXX Mar 25 2022 31.0 Calls at $0.44 & $0.45
Sold VXX Mar 25 2022 30.0 Calls at $0.49 & $0.50
Sold VXX Mar 25 2022 29.5 Calls at $0.40 & $0.42
Sold 1 VXX Mar 25 2022 29.0 Call at $0.49
Sold 1 VXX Mar 25 2022 28.5 Call at $0.54
Replacing similar calls that expired Friday
The short squeeze in VXX is still an issue. But the VIX index and /VX futures are falling early on
TQQQ Diagonal Bear Call Spread
Bought to Open 1 TQQQ Apr 08 2022 60.0 Call at $1.09
Sold to Open 1 TQQQ Mar 25 2022 55.0 Call at $1.42 for a $0.33 Credit.
It’s really a calendar spread where I can write against the long 2 more times after this week.
RIVN
Walking away from this disaster and dumping the last of my positions
Sold to Close long positions instead of writing against them one more time.
RIVN Mar 25 2022 57 Calls at $0.26
RIVN Mar 25 2022 58 Calls at $0.22
RIVN Mar 25 2022 59 Calls at $0.20
RIVN Mar 25 2022 60 Calls at $0.17
Sold 1 RIVN Apr 01 2022 30.0 Put at $0.24
Sold 1 RIVN Apr 08 2022 30.0 Put at $0.49
FMC Stock
Sold the last of my FMC stock at $130.94. (a new 5-yr high)
Bought this on 08/19/2021 at $90.00 (less than 3 points from the 52-week low)
How the #FallingKnife strategy is supposed to work
Former #SP500 #FallingKnife
Markets
Stocks
Only one trade today, but a good one
Sold the last half of my AMZN stock at $3207.00. Bought 4 days ago at $2,879.56
Former #FallingKnife
Getting my #FallingKnife #HomeGrownETF back to 50% cash
VXX Puts Closed
Bought to close VXX Mar 18 2022 24.5 Puts at $0.01 before I could get the order cancelled near the close.
Sold this week at an average price of $0.17
LABU Covered Calls
Rolled LABU 03/18/2022 15.0 Calls to LABU 03/25/2022 15.5 Calls at 0.06 Credit plus 0.50 more on the strike
Rolled LABU 03/18/2022 16.0 Calls to LABU 03/25/2022 17.0 Calls at 0.13 Credit plus 1.00 more on the strike
Rolled LABU 03/18/2022 16.5 Calls to LABU 03/25/2022 18.0 Calls at 0.18 Credit plus 1.50 more on the strike
Rolled LABU 03/18/2022 17.0 Calls to LABU 03/25/2022 18.5 Calls at 0.40 Credit plus 1.50 more on the strike
TNA and TQQQ Covered Calls
Rolling out and up some covered calls while keeping a decent amount of downside protection and bringing in a bit of cash:
Rolled TQQQ 03/18/2022 46.0 Calls to TQQQ 03/25/2022 46.0 Calls at $0.52 Credit
Rolled TQQQ 03/18/2022 47.0 Calls to TQQQ 03/25/2022 47.5 Calls at $0.27 Credit plus another 0.50 on the strike
Rolled TQQQ 03/18/2022 48.0 Calls to TQQQ 03/25/2022 49.0 Calls at $0.10 Credit plus another 1.00 on the strike
Rolled TQQQ 03/18/2022 49.0 Calls to TQQQ 03/25/2022 50.0 Calls at $0.37 Credit plus another 1.00 on the strike
Rolled TNA 03/18/2022 61.0 Calls to TQQQ 03/25/2022 62.5 Calls at $0.37 Credit plus another 1.50 on the strike
RIVN Puts closed
Bought to close 1 RIVN Mar 18 2022 37.0 Put at $0.01. Sold on a roll last Friday at $2.10
Bought to close 1 RIVN Mar 18 2022 39.0 Put at $0.01. Sold on a roll last Friday at $3.08
LABU
My previous scalp trades are not working and will have to be rolled out.
Trying one last time.
Sold LABU Mar 18 2022 17.0 Calls at $0.35
Sold 1 LABU Mar 18 2022 17.5 Call at $0.26
VXX Calls
Bought to close VXX Mar 18 2022 55.0 Calls at $0.01. Sold Tuesday at $1.79, $2.19, $2.39 and $4.00
Replaced most of these with calls for next week with strikes above the Tuesday spike high.
Sold VXX Mar 25 2022 44.0 Call at $0.54
Sold VXX Mar 25 2022 43.0 Call at $0.58
Sold VXX Mar 25 2022 42.0 Call at $0.61
VXX
Interesting chart. What happens when Barclays unclenches?
LABU Puts
Bought to close LABU Mar 18 2022 13.5 Puts at $0.05. Sold last week at $0.80.
Bought to close 1 LABU Mar 18 2022 18.0 Put at $2.43. Sold last week on a roll at $3.78
Sold to Open 1 LABU Mar 25 2022 17.5 Put at $2.45 and lowered the strike of this last short put $0.50.
VXX Puts
Bought to close VXX Mar 18 2022 22.0 Puts at $0.01. Sold at $0.11 Tuesday
A new VXX Contango Trade:
Sold to open VXX Mar 18 2022 24.0 Puts Net Credit at $0.07
Bought VXX May 20 2022 15.0 Puts at $0.05 for a 0.02 Credit
Short DTE = 1
Long DTE = 64
#VXXContango
LABU Call scalp
Sold to open LABU Mar 18 2022 16.0 Calls at $0.11
Sold to open LABU Mar 18 2022 16.5 Calls at $0.07
Stocks
Sold half my TMUS stock at $128.57. Got pretty close to the 2022 YTD high.
Bought this lot on 11/22/21 at $114.00
LABU Calls and Puts
Sold to open LABU Mar 18 2022 15.0 Covered Calls at $0.20 and $0.25
Sold to close 1 LABU Mar 18 2022 13.0 Put at $0.60
Sold to close LABU Mar 18 2022 15.0 Puts at $2.00.
VXX Puts
Bought to close VXX Mar 18 2022 21.5 Puts at $0.01. Sold at $0.10 yesterday.
Some new VXX Contango Trades:
Sold to open VXX Mar 18 2022 24.5 Puts at $0.17
Bought VXX May 20 2022 15.0 Puts at $0.10 for a 0.07 Credit
Short DTE = 2
Long DTE = 65
Sold to open VXX Mar 18 2022 24.5 Puts at $0.16
Bought VXX May 20 2022 16.0 Puts at $0.13 for a 0.03 Credit
Short DTE = 2
Long DTE = 65
#VXXContango
TQQQ Call
Just before the Fed announcement:
Sold 1 TQQQ Mar 18 2022 48.0 Call at $0.83
TQQQ TNA Calls
Sold TQQQ Mar 18 2022 50.0 Calls at $0.41 and $0.57
Sold 1 TNA Mar 18 2022 62.5 Covered Call at $0.29
Sold 1 TNA Mar 18 2022 63.0 Covered Call at $0.27
LABU Covered Calls
Sold LABU Mar 18 2022 15.0 Covered Calls at $0.15
Stocks
Selling into the bounce:
Sold the other half of my BKNG long stock at $2198.00. Bought on 3/8 at $1800.00 (Missed the low by less than 4 points)
Sold half my AMZN that I bought as an impulse purchase after they announced the 20 for 1 split.
Sold AMZN at $2994.00. Bought on 03/09 at $2,972.50.
At least I did average down once at $2,879.56 on 3/14.
Former #FallingKnife
TNA Call
Sold 1 TNA Mar 18 2022 59.0 Call at $0.71
TQQQ Covered Call Ladder
Now all my long stock is covered for this week
Sold:
TQQQ Mar 18 2022 46.0 Call at $0.80
TQQQ Mar 18 2022 47.5 Call at $0.43
TQQQ Mar 18 2022 48.0 Call at $0.34
Stocks
First the good;
Sold half of my BKNG long stock at $2083.00. Bought on 3/7 at $1900.00.
Former #FallingKnife
Bought EA at $118.00
Bought SWK at $144.21
#SP500 #FallingKnife
VXX
Back to the puts. One last set of writes against long Mar 18th Puts paid for by earlier Diagonal Put spreads.
Sold VXX Mar 18 2022 22.5 Puts at $0.15 and $0.16
Sold VXX Mar 18 2022 22.0 Puts at $0.11
Sold VXX Mar 18 2022 21.5 Puts at $0.09
#VXXContango trades
TNA Covered Call
Sold 1 TNA Mar 18 2022 62.0 Call at $0.27
TQQQ Covered Call Ladder
No more short puts as they all got assigned last week. Just calls for the foreseeable future.
Sold:
TQQQ Mar 18 2022 46.0 Calls at $0.57
TQQQ Mar 18 2022 47.0 Calls at $0.37
TQQQ Mar 18 2022 47.5 Calls at $0.27 and $0.37
TQQQ Mar 18 2022 48.0 Calls at $0.27
VXX
https://www.businesswire.com/news/home/20220314005483/en/Barclays-Suspends-Until-Further-Notice-Further-Sales-and-Issuances-of-Two-Series-of-iPath%C2%AE-ETNs-the-%E2%80%9CETNs%E2%80%9D
AAPL
Apple Falls Under 200-Day Moving Average After Foxconn Halt
New week, New Lows
Started some tiny new positions
Bought SWKS at $124.44
Bought WDC at $45.00
Bought WYNN at $70.00
#SP500 #FallingKnife
VXX Calls
Bought to close VXX Mar 11 2022 27.0 Calls at $0.01. Sold Friday on a roll at $1.58
Bought to close VXX Mar 11 2022 26.5 Calls at $0.01. Sold Friday on a roll at $1.76
TNA Calls
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
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
Options Bistro 