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
Author Archives: Option Iceman
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.
TSLA Put
Sold 1 TSLA Jan 21 2022 900.0 Put at $2.55 replacing a similar put a covered at a penny on Friday.
Paired with a couple of Bear Call spreads for this week.
#DoubleDip trade.
RIVN Diagonal Put Spread
Bought 1 RIVN Feb 18 2022 60.0 Put /Sold to Open 1 RIVN Jan 21 2022 75.0 Put at $0.40 Credit.
I have some excess long puts I could write against from earlier spreads of the stock implodes
XLV Puts
1 new spread and 1 re-write
Bought to Open XLV Mar 18 2022 117.0 Put / Sold to Open 1 XLV Jan 21 2022 132.0 Put at $0.12 Credit
Also sold some XLV Jan 21 2022 132.0 Puts at $0.83 as a #DoubleDip trade, replacing 132.5 puts that expired Friday
LABU long Put rolled
Rolled some long Puts from old spreads out more than a month since they expire this week.
I will keep writing against them.
Sold to close LABU Jan 21 2022 25 Puts at $2.32. Bought on 12/16/2021 at $1.18
Bought to Open LABU Mar 04 2022 20 Puts at $2.30
OptionsExpiration
Because of the weak market this week, mostly Calls expired and Puts had to be rolled. Short trading week next week.
Expired:
RIVN 90 Diagonal Call
RIVN 91 Diagonal Call
TLRY 10.50 Covered Calls
TNA 98/84 Bear Call Spread
TNA 82 Diagonal Call
TNA 81 Diagonal Call
TQQQ 95/80 Bear Call Spreads
TQQQ 79.50 Diagonal Calls
TQQQ 78.75 Diagonal Calls
TSLA 1,130 Diagonal Call
TSLA 840 Diagonal Put
TSLA 800 Diagonal Put
VXX 39/22 Bear Call Spreads
VXX 35/22 Bear Call Spread
VXX 21.5 Diagonal Calls
VXX 21.0 Diagonal Calls
VXX 20.0 Diagonal Calls
VXX 19.0 Diagonal Calls
VXX 18.50 Diagonal Calls – just barely
VXX 17.50 Diagonal Puts
VXX 17.00 Diagonal Puts
XVL 132.50 Diagonal Puts
New TSLA Call
Sold 1 TSLA Jan 21 2022 1150.0 Diagonal Call at $5.05.
Holding a long TSLA Feb 1200 call as a hedge.
#OnlySpreads
TSLA Call Closed
Bought to close 1 TSLA Jan 14 2022 1,100 Diagonal Call at $0.01.
Sold last Friday at $10.34 on a rollup from a Jan 07 2022 1015.0 Call.
Leaves a long Feb monthly Call unhedged and fully paid for.
XLV Puts rolled down again
Bought to close XLV Jan 14 2022 135.5 Puts/ Sold to Open XLV Jan 21 2022 135.0 Puts at $0.02 Credit and lowered the strike $0.50.
Sold these against March longs. Plenty of rolls left.
My short XLV 132.50 Puts will expire at least.
RIVN Puts Closed and Rolled
Bought to close 1 RIVN Jan 14 2022 75.0 Put at $0.01.
Sold on Monday at $2.36
This is at least a #TripleDip sale against a long Jan 65 put.
Rolled this week’s RIVN 83.0 Diagonal Puts to next week’s 80.0 puts for a $0.02 Credit.
My paired short diagonal Calls will expire.
#OnlySpreads
TSLA Put Closed
Bought to close 1 TSLA Jan 14 2022 900.0 Diagonal Put at $0.01.
Sold on Monday at $7.33.
Leaves a Long TSLA Feb 04 2022 730.00 Put that is fully paid for #Earnings Week
LABU Put Rolldown
Bought to close LABU Jan 14 2022 25.0 Puts / Sold to Open LABU Jan 21 2022 24.0 Puts at $0.05 Credit.
Rolled 32 and 34 Puts out a week for tiny credits.
TQQQ Put Rolldowns
Some strange strike prices from the split, but some great rolldowns of ITM contracts
Bought to close TQQQ Jan 14 2022 75.5 Puts / Sold to open TQQQ Jan 21 2022 74.75 Puts at $0.05 Credit
Bought to close TQQQ Jan 14 2022 74.5 Puts / Sold to open TQQQ Jan 21 2022 72.5 Puts at $0.05 Credit
Bought to close TQQQ Jan 14 2022 73.5 Puts / Sold to open TQQQ Jan 21 2022 70.5 Puts at $0.05 Credit
Bought to close TQQQ Jan 14 2022 72.5 Puts / Sold to open TQQQ Jan 21 2022 69.0 Puts at $0.27 Credit
At least all my paired short calls expire.
VXX Call Rolls
On the open:
Rolled VXX 01/14/2022 23.5 Calls to next week at $0.23 Credit
Rolled VXX 01/14/2022 23.0 Calls to next week at $0.28 Credit
Rolled VXX 01/14/2022 22.5 Calls to next week at $0.29 Credit
All my paired short puts for this week at 17.0 and 17.5 will expire
TSLA Call Rollup
Bought to close 1 TSLA Jan 14 2022 950.0 Call at $71.27. Sold on a rollup last Friday at $103.33.
Sold to Open 1 TSLA Jan 21 2022 965.0 Call at $72.67, so a 1.40 Credit and bumped the short strike up 15 points.
One more roll next Friday before #Earning
VXX Calls
New Diagonal for next week
Bought VXX Feb 18 2022 40.0 Calls at $0.40
Sold VXX Jan 21 2022 20.5 Calls at $0.44
VXX approaching 18.40
Short DTE = 8
Long DTE = 36
T Stock
Here’s one #FallingKnife stock that I actually bought 6 times as it fell from to $25.83 to $22.50.
Wasn’t too worried because of the low forward P/E and the generous dividend.
Selling off the first lot today at $27.00. (and it just went Ex-div on Jan 07, 2022)
Next sale attempt at 28.00, just above the falling 200-day moving average.
Former #FallingKnife
VXX Calls
Wrote against my last long VXX Calls
Sold VXX Jan 14 2022 18.5 Call at $0.25 and $0.26
TQQQ Call Rollup
Bought to close TQQQ Jan 14 2022 71.5 Calls / Sold to Open TQQQ Jan 21 2022 73.0 Calls at $0.05 Net Credit
Edit: I may have been early … again
It’s KOLD again
Bought KOLD Aug 19 2022 4.0 Put at $0.37
Sold to Open KOLD Jan 21 2022 8.0 Put at $0.62
Short DTE = 9
Long DTE = 219
KOLD Currently 8.23
CCL Stock
Sold my tiny bit of CCL at $22.38. Bought on 12/01 at $17.00 and was never able to average down.
Now I’m sure it will go much higher but it’s hard to pass up a 30% gain after only a month.
Former #FallingKnife
VXX Call
Used the tiny pop in VXX to sell more calls for this week. Partial offset to some really large short put positions.
Sold 1 VXX Jan 14 2022 19.0 Call at $0.30
Sold VXX Jan 14 2022 20.0 Calls at $0.19
VXX1 Puts
Continuing to liquidate the long side of some REALLY ancient #VXXContango trades. Sold next 2 lots and will try for higher prices.
Sold to close VXX1 Jan 21 2022 6.0 Puts at $1.66 and $1.70 .
New Life-of-contract high since the reverse split on VXX.
Bought these on 08/24/2020 at $0.66 and on 11/16/2020 at $0.32.
Equals $6.64 and $6.80 on the current strike 24 puts
TQQQ Call
Don’t want to get too heavy into this position this week because of the upcoming split.
Still, I sold 1 TQQQ Jan 14 2022 160.0 Diagonal Call at $1.00.
Hoping to keep my TQQQ Puts out of the money for 3 more days.
More VXX Puts
Selling a couple of my old #VXXContango long puts
Sold VXX Jan 21 2022 18.0 Puts at $1.00
Bought these last September at $0.80 and $0.90.
I still have a couple more of these long that I think I should hold on to until this week’s expiration is done.
TQQQ
Nice recovery today that is taking most of my short puts back out of the money. Still, I need it a bit higher.
Sold 1 TQQQ Jan 14 2022 157.5 Diagonal Call at $1.03
Sold 1 TQQQ Jan 14 2022 159.0 Diagonal Call at $0.93
#OnlySpreads
VXX Puts
Jan 21st is fast approaching.
I have some VXX1 long puts that are deep in-the-money but VXX could go much lower by expiration day.
So, I’m squeezing out as much additional time premium as I can by writing against them before they expire.
Sold VXX Jan 14 2022 17.0 Puts at $0.08
Sold VXX Jan 21 2022 16.5 Puts at $0.14, $0.15 and $0.17
Also added a new #VXXContango Spread
Bought to Open VXX Mar 18 2022 13.0 Puts / Sold to Open VXX Jan 21 2022 17.0 Puts at $0.04 Credit.
Long position DTE = 66
Short position DTE = 10
RIVN
Yesterday I sold 1 RIVN Jan 14 2022 75.0 Diagonal Put at $2.36.
Today I’m pairing that up with 1 RIVN Jan 14 2022 91.0 Diagonal Call at $1.69
VXX Puts
Paired with numerous call sales this morning
Sold VXX Jan 14 2022 17.5 Puts at $0.15, $0.16 & $0.17
TSLA Call
After the expiration of my TSLA 01/07/2022 1125.0 Diagonal Call on Friday I was left with a long TSLA Jan 21 2022 1200.0 Call trading at about 6 points. Since this position expires before #Earnings week I’m pretty certain that this position will expire worthless. It is more than paid for from previous writes against it since late November.
Instead of selling it, I’m chancing one more #DoubleDip write for this week. Who knows where it will be on Friday, but I sold some pretty aggressive TSLA puts this morning, so this will give me an extra diagonal Call spread to pair off with the puts.
Sold 1 TSLA Jan 14 2022 1,130.0 Call at $5.75
Options Bistro 