TSLA Call – Yes yes yes

Bought to close 1 Contract TSLA Dec 31 2021 1,075.0 Call at $0.01. Sold as the short side of a DEC 31/ Feb 21 diagonal Bear Call spread at $54.21

Sold to Open 1 Contract TSLA Jan 07 2022 1,125.0 Call at $12.23 and a 50 !!! point higher strike (above the recent high on the stock). My Feb long will be there through earnings. 🙂

TQQQ Call Rollup

Bought to close 1 TQQQ Dec 31 2021 166.0 Call at $1.48. Sold on a rollup last week at $4.15.
Sold to Open 1 TQQQ Jan 07 2022 171.0 Call at $2.50 for a $1.02 Credit a a 5-point bump in the short strike.

Done with TQQQ for this year.

VXX Put Rolldown

Bought to close VXX Dec 31 2021 18.5 Puts at $0.08. Sold all during this week at prices from $0.11 to $0.15.
They may expire but they spent a good part of this afternoon in the money.
Replaced them with VXX Jan 07 2022 17.5 Puts at $0.10. I’m long Jan monthly 18 puts so no downside risk.
#VXXContango

TNA Call Rollups

Bought to close TNA Dec 31 2021 82.0 Calls at $3.16. Sold last week on a rollup at $4.50
Replaced them with short TNA Jan 07 2022 84.0 Calls at $3.21 for a $.05 Credit and a 2 point higher strike.

Bought to close TNA Dec 31 2021 83.0 Call at $2.58. Sold last week on a rollup at $3.80
Replaced it with a short TNA Jan 07 2022 85.0 Call at $2.77 for a $.12 Credit and a 2 point higher strike.

Bought to close TNA Dec 31 2021 85.0 Call at $0.63. Sold last week on a rollup at $2.67.
Replaced it with another short TNA Jan 07 2022 90.0 Call at $0.81 for a $.18 Credit and a 5 point higher strike. (the premium on the 90 call is less than the one I sold this morning but I’ll take it).

Done with TNA for this year.

TNA Put Rolldown

Bought to close 1 TNA Dec 31 2021 88.0 Put at $3.03. Sold last week on a rolldown at $5.96.
Replaced it with 1 short TNA Jan 07 2022 86.0 Put at $3.08 and a 2 point drop in the short strike.

LABU Put Rolldown

Bought to close 1 LABU Dec 31 2021 38.0 Put at $0.97. Sold on Tuesday at $1.34.
Replaced it with 1 short LABU Jan 07 2022 35.0 Put at $1.32 for a Net Credit of $0.35 and a 3 point better strike.

Also added a new diagonal Put spread:
Bought to open LABU Feb 04 2022 25.0 Puts / Sold to Open LABU Jan 07 2022 35.0 Puts at $0.62 Credit.

TSLA Call Rollup

Bought to close 1 TSLA Dec 31 2021 1,000.0 Call / Sold to Open 1 TSLA Jan 07 2022 1,015.0 Call at $0.52 Net Credit plus a 15 point higher strike for next week.

TQQQ Call Rollup

Bought to close 1 TQQQ Dec 31 2021 163.0 Call at $4.89. Sold on a rollup last week at $5.92
Sold to Open 1 TQQQ Jan 07 2022 167.0 Call at $5.01 for a $0.12 Credit a a 4 point bump in the short strike.

TNA Call

Getting a jump on next week’s calls as I think my 88 calls for today will be covered for a penny soon.
Sold TNA Jan 07 2022 90.0 Call at $1.15

MARKETS

Bloomberg notes, the S&P 500 hasn’t dipped below its 200-day moving average on an intraday basis at all this year, a feat that has only happened four other times since 1981.

2021-12-30_12-10-30

TQQQ Put Scalp

Sold TQQQ Dec 31 2021 163.0 Puts at $0.32.
Expires tomorrow

TSLA

Tesla Recalls More Than 475,000 US Vehicles Due To Quality Issues

The massive number of vehicles being recalled represents about 25% of all Tesla vehicles manufactured since the company’s inception.

I’m hoping the news holds the stock down for at least the next 2 days.

#onlyspreads

VXX Strangle

Sold VXX Dec 31 2021 20.0 Call at $0.30
Sold VXX Dec 31 2021 18.5 Put at $0.11 and more at $0.12

TNA Call

Sold 1 TNA Dec 31 2021 88.0 Call at $2.05.
Paired with the short 88 put I rolled to last week for a short staddle for a total of $8.01

LABU Put

Sold 1 LABU Dec 31 2021 38.0 Put at $1.34

VXX Calls

Added a couple more of the short VXX Dec 31 2021 21.0 Calls at $0.24

TFX Stock

I bought TFX stock 5 times as it fell in November and on Dec 01. Selling off the first, highest cost lot at a small gain.
Sold TFX at $333.00

TNA Call

Sold 1 TNA Dec 31 2021 88.0 Diagonal Call at $1.40
#OnlySpreads

TSLA

Taking another crack at TSLA
Bought 1 TSLA Feb 1300 Call, Sold 1 TSLA Dec 31 2021 1075.0 Call at $1.20 Credit
#OnlySpreads

VXX Calls

Sold VXX Dec 30 20211 21.0 Calls at $0.34, $.040, $0.42 and $0.44
#OnlySpreads

OptionsExpiration

For the 2nd week in a row EVERY short position I had for this week in VXX expired. I had a lot of old long calls from prior spreads run off too, but I got to write against those mostly worthless calls one more time.
Of course, that means the strong market forced me to roll a lot of calls in other stocks

EXPIRED:
RIVN 12/23/2021 90.0 Diagonal Put
SQQQ 12/23/2021 7.0 Covered Calls
TLRY 12/23/2021 12.0 Covered Calls
TNA 12/23/2021 60/71 Bull Put Spread
TNA 12/23/2021 65.0 Diagonal Put
TQQQ 12/23/2021 120/140 Bull Put Spreads
TQQQ 12/23/2021 130.0 Diagonal Puts
TSLA 12/23/2021 720/800 Bull Put Spread
TSLA 12/23/2021 700/790 Bull Put Spread

VXX 12/23/2021 36/27 Bear Call Spreads
VXX 12/23/2021 37/28 Bear Call Spreads
VXX 12/23/2021 46/29 Bear Call Spreads
VXX 12/23/2021 47/30 Bear Call Spreads
VXX 12/23/2021 26.0 Diagonal Calls
VXX 12/23/2021 25.0 Diagonal Calls
VXX 12/23/2021 24.0 Diagonal Calls
VXX 12/23/2021 23.5 Diagonal Calls
VXX 12/23/2021 23.0 Diagonal Calls
VXX 12/23/2021 18.0 Diagonal Puts

XLV 12/23/2021 136.0 Diagonal Put
XLV 12/23/2021 137.0 Diagonal Put

Merry Christmas everyone

Merry Christmas everyone

TQQQ Call Rollups

Bought to Close 1 TQQQ Dec 23 2021 160.0 Call / Sold to Open 1 TQQQ Dec 31 2021 163.0 Call at $0.07 Credit.
Bought to Close 1 TQQQ Dec 23 2021 162.0 Call / Sold to Open 1 TQQQ Dec 31 2021 165.0 Call at $0.47 Credit.
Bought to Close 1 TQQQ Dec 23 2021 162.0 Call / Sold to Open 1 TQQQ Dec 31 2021 166.0 Call at $0.05 Credit.
Done for today.

TNA Calls Rolled up.

Almost finished for today
Bought to Close 1 TNA Dec 23 2021 82.0 Call / Sold to Open 1 TNA Dec 31 2021 85.0 Call at $0.02 Credit
Bought to Close 1 TNA Dec 23 2021 81.0 Call / Sold to Open 1 TNA Dec 31 2021 83.0 Call at $0.38 Credit
Bought to Close TNA Dec 23 2021 80.0 Calls / Sold to Open TNA Dec 31 2021 82.0 Calls at $0.02 Credit

LABU Calls Rolled up

Bought to Close LABU Dec 23 2021 41.0 Calls at $1.67. Sold last Friday at $1.75 so a tiny gain.
Sold to Open LABU Dec 31 2021 44.0 Calls at $1.72 to replace them

Bought to close 1 LABU 1 Dec 23 2021 42.0 Call at $0.60. Sold on Monday at $1.45
Sold to Open 1 LABU Dec 31 2021 45.0 Call at $1.25 and create a 45 strangle with the put I rolled down to earlier.

LABU Puts Closed

Didn’t expect this last Friday.
Bought to close LABU Dec 23 2021 42.0 Puts at $0.05. They won’t trade any lower.
Sold last Friday at $4.08 on a rolldown.

LABU – new diagonal Call spread

Bought to Open 1 LABU Jan 21 2022 50.0 Call / Sold to Open 1 LABU Dec 31 2021 42.0 Call at $0.15 Credit.
To partially offset the short put risk for next week.

KOLD

Legged into this one.
Sold to open KOLD Jan 21 2022 10.0 Put at $0.90 yesterday.
Bought to open KOLD Aug 19 2022 6.0 Put at $0.50 today.
Pretty good ROI on the spread requirements for the first month.
If Nat gas spikes and KOLD tanks, I can always roll the short down at the January expiration.

TSLA – New Short Calendar Iron Condor Spread

Bought to Open 1 Contract TSLA Jan 21 2022 710.0 Put / Sold to Open 1 TSLA Dec 31 2021 885.0 Put at $0.03 Credit for the first week. I expect several re-writes.
Paired with this new call spread
Bought 1 TSLA Feb 18 2022 1,200 Call / Sold to Open TSLA Dec 31 2021 1,000 Call at $3.50 Net Credit.
The long call has enough life that I should get multiple re-writes.

The result is 885 / 1000 short strangle for the coming week with an initial total short premium of $5,535

TQQQ Puts

Sold to Open TQQQ Dec 31 2021 140.0 Diagonal Puts at $0.50 for next week.

LABU TNA Put Rolldowns

Bought to Close 1 LABU Dec 23 2021 46.0 Put at $5.50. Sold last week on a roll at $13.39.
Sold to Open 1 LABU Dec 31 2021 45.0 Put at $0.25 Debit but gained a point on the strike.
(I hate rolling down when it costs me cash but there is no 46.0 put for next week.)

Bought to Close 1 TNA Dec 23 2021 89.0 Put at $5.80. Sold last week on a rolldown at $13.78.
Sold to Open 1 TNA Dec 31 2021 88.0 Put at $0.16 Credit and gained a point on the strike.

TQQQ TSLA Call Rollups and Rollouts

Bought to Close 1 TSLA Dec 23 2021 930.0 Call / Sold to Open 1 TSLA Dec 31 2021 940.0 Call at $0.05 Credit. Gained another 10 points on the short strike.

Bought to Close 1 TQQQ Dec 23 2021 140.0 Call / Sold to Open 1 TQQQ Dec 31 2021 140.0 Call at $0.20 Credit
Bought to Close 1 TQQQ Dec 23 2021 151.0 Call / Sold to Open 1 TQQQ Dec 31 2021 152.5 Call at $0.15 Credit

TQQQ Calls

Sold TQQQ Dec 23 2021 162.0 Calls at $0.60.
#OnlySpreads

Edit: a bit too early 😦

TNA Call

Sold 1 TNA Dec 23 2021 81.0 Diagonal Call at $1.75
#OnlySpreads

KOLD

My previous spreads worked pretty well. I wrote against May 2022 long puts 3 times (Oct, Nov & Dec).
My long May puts are not worth much except as “lottery tickets” so starting over.
Bought to open KOLD Aug 19 2022 6.0 Put at $0.65.
Sold to open KOLD Jan 21 2022 11.0 Put at $1.10.
If Nat gas spikes I can always roll the short down in January

Markets

FGPB6FbWQAQLwVJ

XLV breakout from Carter Worth

While I don’t trust breakouts, this is interesting.
https://www.cnbc.com/video/2021/12/17/carter-worth-and-mike-khouw-lay-out-a-way-to-play-the-xlv.html

My strategy:
Bought to Open 1 XLV Mar 18 2022 108.0 Put
Sold to Open 1 XLV Dec 23 2021 136.0 Put at $1.29, for a $0.62 Credit for the first week.

LABU Call

Sold 1 LABU Dec 23 2021 42.0 Diagonal Call at $1.45.
Paired with the LABU short puts for this week.

Dirty Dozen

1 LDOS
2 CMI
3 BA
4 IP
5 BBY
6 MDT
7 VIAC
8 LEG
9 ROST
10 PKG
11 LUV
12 LVS
#FallingKnife list
#SP500

TNA Put

Sold 1 Sold 1 TNA Dec 23 2021 65.0 Put at $1.50

VIX indicator.

If it doesn’t flash a downside warning today I’d be very surprised

SQQQ

Sold 1 SQQQ Dec 23 2021 7.0 Covered Call at $0.20

VXX Call Ladder

Rewriting against long Calls left over from last week’s spreads. #DoubleDip
Sold VXX Dec 23 2021 30.0 Call at $0.35
Sold VXX Dec 23 2021 29.0 Call at $0.37
Sold VXX Dec 23 2021 28.0 Call at $0.56
Sold VXX Dec 23 2021 27.0 Call at $0.70
Sold VXX Dec 23 2021 26.0 Call at $1.00
Sold VXX Dec 23 2021 25.0 Call at $1.31
Sold VXX Dec 23 2021 24.0 Call at $1.51
Sold VXX Dec 23 2021 23.0 Call at $2.18
#OnlySpreads

LABU TNA TQQQ TSLA puts

All these replacing puts that expired on Friday. These strikes are even lower (except for LABU)

Sold LABU Dec 23 2021 35.0 Puts at $0.92
Sold 1 TNA Dec 23 2021 71.0 Put at $2.14
Sold TQQQ Dec 23 2021 130.0 Puts at $1.61
Sold 1 TSLA Dec 23 2021 800.0 Put at $2.38
Sold 1 TSLA Dec 23 2021 790.0 Put at $1.91
#OnlySpreads

IP PKG stock

Might be a big day for #FallingKnife trades
Started a tiny new position in #SP500 stock IP at $44.00.
Started a tiny new position in #SP500 stock PKG at $126.06. It’s a bit lower now

TSLA

I guess all gaps are eventually filled

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IWM TNA Chart

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OptionsExpiration

As with any major monthly expiration a lot of old long calls and puts from old spreads rolled off. In most cases I was able to get one more week of writing against them since they were worthless coming into this week.
I start with a clean slate on Monday with a lot less risk.

Except for VXX, there was little left to expire after closing orders and rolls. But EVERY short position I had for this week in VXX expired, so a clean slate starting next Monday.

==Expired==
KOLD 12/17/2021 5.0 Diagonal Puts
KOLD 12/17/2021 6.0 Diagonal Puts
LABU 12/17/2021 32.0 Diagonal Puts
SQQQ 12/17/2021 7.0 Covered Call
TNA 12/17/2021 73.0 Diagonal Puts
TNA 12/17/2021 74.0 Diagonal Puts
TNA 12/17/2021 77.0 Diagonal Call
TLRY 12/17/2021 25/12 Bear Call Spreads
TSLA 12/17/2021 840.0 Diagonal Put
TSLA 12/17/2021 850.0 Diagonal Put
TQQQ 12/17/2021 175/177.50 Bull Call Spread
TQQQ 12/17/2021 60/139 Bull Put Spreads
TQQQ 12/17/2021 139.0 Diagonal Puts

VXX1(pre-split) 12/17/2021 5.0 Diagonal Puts

VXX 12/17/2021 15/19.5 Bull Put Spreads
VXX 12/17/2021 15/20 Bull Put Spreads
VXX 12/17/2021 15/20.5 Bull Put Spreads
VXX 12/17/2021 20.5 Diagonal Puts
VXX 12/17/2021 21.0 Diagonal Puts
VXX 12/17/2021 22.5 Diagonal Calls
VXX 12/17/2021 23.0 Diagonal Calls
VXX 12/17/2021 23.5 Diagonal Calls
VXX 12/17/2021 24.0 Diagonal Calls
VXX 12/17/2021 24.5 Diagonal Calls
VXX 12/17/2021 25.0 Diagonal Calls
VXX 12/17/2021 25.5 Diagonal Calls
VXX 12/17/2021 50/26 Bear Call Spread
VXX 12/17/2021 49/26 Bear Call Spread
VXX 12/17/2021 40/26.5 Bear Call Spreads
VXX 12/17/2021 37/27 Bear Call Spreads
VXX 12/17/2021 36/28 Bear Call Spreads

LATE day New lows – LDOS LEG

Started 2 new tiny stock positions on a late day market swoon
Bought LDOS at $86.64
Bought LEG at $38.58 (Dividend Yield: 4.02% – Number of Years of Consecutive Dividend Growth: 50 )
#SP500 #FallingKnife

TNA Calls

These are the last positions to roll for this week.
Bought to Close TNA Dec 17 2021 76.0 Calls at $1.82. Sold on after the Fed meeting Wednesday at $2.74.
Sold to Open TNA Dec 23 2021 80.0 Calls at $2.31, for a $0.46 Credit and a 4 point bump in the short strike.

RIVN Put rolled down

#Earnings crushed the stock but I’m still able to roll the Put
Bought to close 1 RIVN Dec 17 2021 100.0 Put / Sold to Open 1 RIVN Dec 23 2021 90.0 Put at $0.05 Net Credit and moved the strike down a whopping 10 points for only one more week.

LABU Puts Rolled

Bought to Close LABU Dec 17 2021 43.0 Puts at $4.03. Sold on a roll last week at $8.30.
Sold to Open LABU Dec 23 2021 42.0 Puts at $4.08 for a nickel credit plus a point lower on the strike.

Bought to Close LABU Dec 17 2021 46.0 Puts at $6.30. Sold on a roll last week at $11.04.
Sold to Open LABU Dec 23 2021 46.0 Puts at $6.70 for a $0.40 credit.

VRTX Stock

My 2nd swing trade in this stock.
Sold my oldest, highest cost lot at $217.26. Bought this on 06/15/2021 at $190.00
I still have lots at $185 and $180 from September and October.
Former #SP500 #FallingKnife

VXX Call spread

Bought to Open 1 VXX Jan 21 2022 47.0 Call at $0.94
Sold to Open 1 VXX Dec 23 2021 23.0 Call at $1.10 for a $0.16 credit for the first week.

Waiting for this week’s short calls and puts to roll off this afternoon.
🙂 🙂 They are ALL out of the money for now 🙂 🙂

RIVN Call closed

Bought to close 1 RIVN Dec 17 2021 127.0 Call at $0.05. It won’t trade any lower. Sold on Monday at $3.29
#DoubleDip write
#OnlySpreads

LABU Puts – rolling the long out

Sold to close 2 LABU Dec 17 2021 35.0 Puts at $1.43.
Bought these on 10/18 at $1.23 and on 10/25 at $0.72 as the long side of some diagonal spreads.
Replaced them with long puts a full month longer.
Bought to open LABU Jan 21 2022 25.0 Puts at $1.18.
I’ve got short 32 puts expiring tomorrow that are currently out of the money with LABU at 34.35 and I’m hoping these stay that way

VXX Calls

Setting up some calls for next week.
This week’s are looking good.
Sold VXX Dec 23 2021 25.0 Calls at $0.49 & again at $0.54
#VXXContango
#OnlySpreads

TQQQ Straddle

I’ve set up a short straddle at 140 for next Friday by rolling this week’s short 139 call and adding a new diagonal Put spread
Bought to close 1 to Close 1 TQQQ Dec 17 2021 139.0 Call / Sold to Open 1 TQQQ Dec 23 2021 140. Call at $0.02 Credit and bumped the short strike a point (I did this way too early in the day).

Bought to Open 1 TQQQ Jan 07 2022 110.0 Put at $1.35
Sold to Open 1 TQQQ Dec 23 2021 140.0 Put at $2.42 for a $1.07 Credit

Still waiting for this week’s short 139.0 puts to drop to a penny.

TSLA Call Rollup

Bought to close 1 TSLA Dec 17 2021 910.0 Call at $44.50. Sold last week on a rollup at $133.20
Sold to Open 1 TSLA Dec 23 2021 930.0 Call at $44.60 and bumped the short strike up 20 points.
Still waiting to cover this week’s short TSLA 840 & 850 puts at a penny.

Markets

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TQQQ Call Rollup

Bought to Close 1 TQQQ Dec 17 2021 157.5 Call at $9.61. Sold last week on a rollup at $12.18.
Sold to Open 1 TQQQ Dec 23 2021 160.0 Call at $9.63 plus a 2 1/2 point better strike.
Just before the Fed meeting yesterday this was out of the money. Sigh 😦

TNA et all

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MKTX Stock

Sold my first and highest cost lot of MKTX at $415.00 for a tiny gain.
The stock was up over 18 points today.
I have 6 lower cost lots (all the way down to $350) to get rid of so this is just a start.

VXX Puts

Selling Calls all week, now pivoting to Puts
Sold VXX Dec 23 2021 18.0 Puts at $0.11.
I’ve got long Jan 2022 18.0 Puts and I don’t intend to sell them in the next week, so zero downside risk.
#VXXContango

LABU TNA Calls

Daring the market to continue higher but I hedged my bets with long Jan 21st calls to define risk.

Sold TNA Dec 17 2021 77.0 Calls at $2.82. Paired with 1 old TNA short 74 Put and today’s short TNA 73 Put plus another deep ITM put that I’ll need to roll Friday

Sold LABU Dec 17 2021 38.0 Calls at $0.40 Paired with several ITM short Puts that will need to be rolled. It would help if the short 38 calls were tested on Friday.

VXX Calls

Sold VXX Dec 17 2021 28.0 Calls at $0.22.
Then the VIX collapses

I love Fed days

ROKU XLP

Consumer Staples ETF XLP hits all-time trading high as investors support defensive stocks

and … ROKU down big today @fuzzballl

VXX Call Spread

VXX Keeps topping out at the 23 level so I’ll risk one more bearish diagonal spread
Bought VXX Jan 21 2022 48.0 Call at $1.07
Sold to Open VXX Dec 17 2021 23.0 Call at $1.11 for a $0.04 Credit for the next 2 1/2 days and the chance for multiple re-writes

Closing TSLA Spread

Closed out 1 TSLA Dec 850/Jan 1250 Bear Call Spread at $80.0 Debit.
The time premium is gone on the short call and it’s tough to roll.
Since I rolled my original long side position out and up to January on 11/22 for a $140.0 Credit (see my post from that date) that leaves me with a 60 point winner and a whole lot less risk in the account.

TNA Put

Sold 1 TNA Dec 17 2021 73.0 Diagonal Put at $2.48.
TNA at a 6-month low of 74.02

CLX LUV MDT PENN Stock trades

Started a tiny new position in LUV at a new low of $40.00.
Added to my tiny position in MDT at a new low of $104.00.
Added to my tiny position in PENN at a new low of $45.00.
Sold half of my CLX stock at $174.46. Bought on 08/03 at $163.00. Got a divvy payment in between.
Still holding stock bought at $160.00 the same day.
#SP500 #FallingKnife

LABU Put

Closed a long Put for a slight gain after writing against it many, many times since I bought it.
Sold to close 1 LABU Dec 17 2021 35.0 Put at $3.23.

Bought this way back on 07/14/21 at $3.18.
(Sold 1 LABU Jul 23 2021 60.0 Put against it at $3.23 and bought it back at $0.54.
Replaced it with 1 LABU Jul 30 2021 55.0 Put at $1.22 and bought that back at $0.68.
Replaced it with 1 LABU Aug 06 2021 50.0 Put at 1.23 and that expired.
….. And so on and so on until today)
#WinWin

TSLA

Should I or shouldn’t I??
I have a chance to close out a TSLA Bear Call spread at a net credit (Profit) but it’s still moving in my direction with the stock at $932
+1 Jan 21 2022 1,250.00 -$9,022.67
-1 Dec 17 2021 910.00 +$9,579.26

Thoughts??

VXX Call Ladder

Sold VXX Dec 17 2021 27.0 Calls at $0.27
Sold VXX Dec 17 2021 26.5 Calls at $0.35
Sold VXX Dec 17 2021 26.0 Call at $0.42
Sold VXX Dec 17 2021 25.5 Call at $0.48
Sold VXX Dec 17 2021 25.0 Call at $0.58
Sold VXX Dec 17 2021 24.5 Call at $0.69
Sold VXX Dec 17 2021 24.0 Call at $0.82.
About done for this week’s sales.
#VXXContango #OnlySpreads

RIVN Put

One final write against a long December put
Sold 1 RIVN Dec 17 2021 100.0 Put at $1.20. Replaces the 105 put that expired Friday.
I now have a RIVN 100/127 short strangle for a total premium of $4.29
#OnlySpreads