Sold a few more VXX Dec 17 2021 26.0 Calls at $0.33
Author Archives: Option Iceman
TQQQ Puts
Sold Dec 17 2021 139.0 Diagonal Puts at $1.33 and $1.37.
Paired with short calls all the way from 139 up to 177.50 for this week.
#OnlySpreads
Markets
I’ve been reading this guy for several years. Check it out.
http://charleshughsmith.blogspot.com/2021/12/get-in-crash-positions.html
RIVN Call
Sold 1 RIVN Dec 17 2021 127.0 Call at $3.29
#DoubleDip write replacing a similar diagonal call that expired Friday.
#OnlySpreads
VXX Call Ladder
Replacing some that expired Friday
Sold VXX Dec 17 2021 25.5 Calls at $0.27
Sold VXX Dec 17 2021 25.0 Calls at $0.32 and $0.33
Sold VXX Dec 17 2021 24.5 Calls at $0.38
Sold VXX Dec 17 2021 24.0 Calls at $0.45
Sold VXX Dec 17 2021 23.5 Calls at $0.56
Sold VXX Dec 17 2021 23.0 Calls at $0.61, $0.62 and $0.67
Sold VXX Dec 17 2021 22.5 Calls at $0.80
All these strikes are above the highest strike puts that I’m short for this week.
Now fully paired up with all my short puts for this week.
OptionsExpiration
Expired:
LABU 12/10/2021 75/47 Bear Call Spread
LABU 12/10/2021 46.0 Diagonal Calls
RIVN 12/10/2021 127.0 Diagonal Call
RIVN 12/10/2021 105.0 Diagonal Put
SQQQ 12/10/2021 7.0 Covered Call
TLRY 12/10/2021 11.0 Covered Calls
TLRY 12/10/2021 11.5 Covered Call
TNA 12/10/2021 110/92.5 Bear Call Spread
TNA 12/10/2021 92.0 Diagonal Call
TNA 12/10/2021 91.5 Diagonal Call
TNA 12/10/2021 91.0 Diagonal Call
TNA 12/10/2021 90.5 Diagonal Call
TNA 12/10/2021 90.0 Diagonal Call
TNA 12/10/2021 65.0 Diagonal Put
TQQQ 12/10/2021 125/120 Bear PUT spread
VXX 12/10/2021 51/27 Bear Call Spreads
VXX 12/10/2021 46/27 Bear Call Spreads
VXX 12/10/2021 45/27 Bear Call Spreads
VXX 12/10/2021 34/27 Bear Call Spreads
VXX 12/10/2021 23.5 Diagonal Calls
VXX 12/10/2021 22.5 Diagonal Calls
VXX 12/10/2021 19.5 Diagonal Puts – #VXXContango
TQQQ Call Rollup
Last trade of the day
Bought to close 1 TQQQ Dec 10 2021 170.0 Call at $0.01. Sold last week on a rollup at $2.55.
Sold to Open 1 TQQQ Dec 17 2021 177.5 Call at $1.03 to replace it.
LABU Puts
Well, my scalp trade didn’t work so I’m rolling the short put back down.
Bought to close LABU Dec 10 2021 35.0 Puts at $0.57
Sold to Open LABU Dec 17 2021 32.0 Puts at $1.47.
The 52-week low on LABU is $32.42
Last VXX Puts for today
Bought to close VXX Dec 10 2021 21.0 Puts at $0.14. Sold as the short side of a long term #VXXContango trade yesterday at $0.28.
Sold VXX Dec 17 2021 19.5 Puts at $0.21 to replace it
#VXXContango
VXX Calls closed
A huge win as I let all my VXX stock get called away last week and had to roll deep ITM calls forward a week for a bit of additional premium.
Bought to close VXX Dec 10 2021 21.5 Calls at $0.01.
Sold these last Friday at $6.70.
I am letting even bigger positions in short VXX calls and bear call spreads expire at 22.50, 23.0 and 27.0
#VXXContango
VXX Puts rolled down
Bought to close VXX Dec 10 2021 22.0 Puts / Sold to Open VXX Dec 17 2021 21.0 Puts at $0.02 Credit
Bought to close VXX Dec 10 2021 21.5 Puts / Sold to Open VXX Dec 17 2021 20.5 Puts at $0.06 Credit.
Lowered the short strike a point on both positions
TNA Put Rolled
Bought to close 1 TNA Dec 10 2021 90.0 Put at $8.80. Sold last week on a roll at $15.48.
Sold to Open 1 TNA Dec 17 2021 89.5 Put at $8.85 and improved the strike just $0.50.
I do have TNA 90.0 thru 92.50 short diagonal calls that will expire at 4:00
VXX Calls
Sold VXX Dec 17 2021 25.5 Calls at $0.26.
I have a large number of 22.50, 23.50 and 27.0 short Calls expiring today
VXX1
I have a bunch of old pre-split VXX long puts. They are all in the money but don’t expire until Jan 2022 and Jun 2022.
Scalping a bit of premium for the next week because there are contracts for Dec 17th and there is no margin requirement to sell these.
Sold VXX1 Dec 17 2021 5.0 Puts at $0.10 (same as a strike 20 put for $0.40)
#VXXContango
TQQQ Rollup
Bought to close 1 TQQQ Dec 10 2021 138.0 Call at $24.76. Sold on a roll last Friday at $32.60.
Sold 1 TQQQ Dec 17 2021 139.0 Call at $24.78 and moved the strike up a point.
Waiting for my short diagonal TQQQ Dec 10 2021 170.0 Call to expire at the close
LABU double dip
Bought to close LABU Dec 10 2021 30.0 Puts at $0.03. Sold Last Friday on a rolldown at $1.04
Sold to Open LABU Dec 10 2021 35.0 Puts at $0.28 for my 2nd write for this week.
LABU is 38 and this expires tomorrow.
#DoubleDip
TQQQ Call rollup
Like my earlier TSLA rollup, the strike I wanted to roll to for next week was not available, so I had to pay some cash to increase the strike for next week.
Bought to close 1 TQQQ Dec 10 2021 146.0 Call at $18.84. Sold on a roll last week at $20.80.
Sold to Open 1 TQQQ Dec 17 2021 150.0 Call at $17.04 for a debit of 1.80, but bumped the short strike up 4 points.
CMCSA stock
The only #SP500 stock hitting a new low today.
Bought a tiny bit at $48.00
#FallingKnife
TQQQ Call rollup
Bought to close 1 TQQQ Dec 10 2021 155.0 Call / Sold to Open 1 TQQQ Dec 17 2021 157.5 Call at $0.32 Credit
TSLA Call Rollup
Rolled up one of my 2 remaining bearish calls to next week. Unfortunately, I am rolling up a 900 Call and there is no 905 Call to roll to, and I can’t roll it up to 910 at a credit.
Bought to close 1 TSLA Dec 10 2021 900.0 Call at $136.70. Sold on a rollup last week at $170.00
Sold to Open 1 TSLA Dec 17 2021 910.0 Call at $133.20 for a debit of 3.50 but a 10 point bump up in strike. I hate spending cash to do a rollup but it is sometimes necessary.
More VXX Puts
One last #VXXContango trade for this week, adding to what I did yesterday.
Bought to Open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Dec 10 2021 21.0 Puts at $0.15 Net Credit
Long side = 407 DTE
Short side = 2 DTE
VIX
The round trip is almost complete.
From Nov 24th close near 18.50 to the Dec 13th high around 35.00 and now down below 20.
Doing just what is expected after a big move.
Not ‘Volmageddon 2.0’ but very tradable anyway.
More VXX Puts
Adding to what I did yesterday.
Bought to Open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Dec 10 2021 21.5 Puts at $0.09 Net Credit
Bought to Open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Dec 17 2021 20.0 Puts at $0.05 Net Credit
Long side = 408 DTE
Short side = 3 DTE and 10 DTE
#VXXContango
LABU Calls
Sold LABU Dec 10 2021 46.0 Calls at $0.45
Sold LABU Dec 10 2021 47.0 Call at $0.40
I’m already short the 46, 43 and 30 Puts for this week.
VXX Puts
With all my long VXX stock gone via assignment last Friday and all last week’s short puts covered at a penny, I’m wading back into some #VXXContango Trades.
Bought to Open 2 Contracts VXX Mar 18 2022 13.0 Puts / Sold to Open VXX Dec 10 2021 22.0 Puts at $0.07 Net Credit
Bought to Open 2 Contracts VXX Mar 18 2022 13.0 Puts / Sold to Open VXX Dec 17 2021 20.5 Puts at $0.03 Net Credit
Long side = 102 DTE
Short side = 4 DTE and 11 DTE
VXX Long Puts
Getting ready for future #VXXContango Trades
Bought to Open VXX Jun 16 2023 5.0 Puts at $0.40.
I will eventually sell short term weekly puts to recover the cost.
TLRY Covered Calls
Sold TLRY Dec 23 2021 13.0 Calls at $0.15
RIVN Call Diagonal
Bought 1 RIVN Jan 07 2021 180.0 Call / Sold to Open 1 RIVN Dec 10 2021 127.0 Call at $0.17 Credit.
Since I’ve already got a Bull Put spread with the 105.0 Put short for Friday, that gives me a short 105 / 127 strangle with a total Dec 10 premium of $10.02
TNA Calls
Sold 1 TNA Dec 10 2021 90.0 Call at $0.52. I was already short a TNA 90.0 put that I rolled Friday.
Then I added more diagonal spreads.
Bought 1 Dec 23 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 90.5 Call at $0.26 Credit
Bought 1 Dec 31 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 91.0 Call at $0.02 Credit
Bought 1 Dec 31 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 91.5 Call at $0.02 Credit
Bought 1 Dec 31 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 92.0 Call at $0.02 Credit
TSLA – unwinding a spread
Bought to close 1 TSLA Dec 10 2021 960.0 Call at $43.95. Sold on a rollup on Friday at $70.88
Sold to close 1 TSLA Dec 17 2021 1,000.0 Call at $44.00. Bought to open this on 09/27 at $9.79.
I haven’t tracked how many times I’ve rolled the short side up since September but each roll has been for a credit so this has to be a #WinWin Trade.
I also dumped all my long puts for the coming week at gains.
Sold to close 1 TSLA Dec 10 2021 700.0 Put at $1.20. Bought as the long side of last week’s BCS
Sold to close 1 TSLA Dec 10 2021 750.0 Put at $1.98. Bought as the long side of last week’s BCS
Options Expiration and -Lots of rolls-
Rolled LABU Puts, TQQQ Puts, TNA Puts, a TSLA Call, and lots and lots of VXX Calls
I’m fried right now so I’ll post those later
Expired:
LABU 12/03/2021 75/50 Bear Call Spreads
LABU 12/03/2021 58/47 Bear Call Spreads
SQQQ 12/03/2021 7.0 Covered Call
TLRY 12/03/2021 11.0 Covered Calls
TQQQ 12/03/2021 185.0 Call
TSLA 12/03/2021 750/890 Bull Put Spread
TSLA 12/03/2021 940.0 Diagonal Put
Assignments:
TLRY 12/03/2021 15.0 Puts – cost after put premium will be $10.68
All my VXX Stock was called away
VXX 12/03/2021 22.5 Covered Calls
VXX 12/03/2021 23.0 Covered Calls
VXX 12/03/2021 23.5 Covered Calls
Time for an adult beverage 🙂
RIVN Short Put Rolled down
Bought to Close 1 RIVN Dec 03 2021 110.0 Put/ Sold to Open 1 RIVN Dec 10 2021 105.0 Put at $1.23 Credit plus an extra 5 points lower on the short put.
I actually have two long puts to act as a hedge, a Dec 70.0 Put and a Jan 65.0 Put.
#OnlySpreads
TQQQ Call Closed
Bought to close 1 TQQQ Dec 03 2021 170.0 Call at $0.01. Sold last Friday on a roll at $4.40
RIVN long Put closed
Sold to close 1 RIVN Jan 21 2022 70.0 Put at $3.20.
Bought as part of a Diagonal Bull Put spread on 11/17 at $2.17.
Wrote against it several times and recovered the cost at least twice, and now out of this long with a point profit.
#WinWin
VXX Puts
After rolling these down for months I’m finally out of my biggest VXX short put position.
Bought to close VXX Dec 03 2021 22.0 Puts at $0.01.
Sold last week at $1.29, $1.30, $1.33 and $1.40.
#OnlySpreads
Left with 2022, 2023 and even 2024 long puts.
#VXXContango
BIIB Stock
Bought a tiny bit of BIIB at $225.00 and at today’s new low.
#SP500 #FallingKnife
VTRS Stock
Viatris is the combination of Mylan, maker of generic drugs and EpiPen emergency allergic reaction injection, and Pfizer’s (PFE) older drugs business called Upjohn.
Added to my position a tiny bit more at $12.00.
#SP500 #FallingKnife
TSLA Call Rolled up
Bought to close 1 TSLA Dec 03 2021 845.0 Call / Sold to Open 1 TSLA Dec 10 2021 850.0 Call at Even money but reduced my spread requirement $500.
Stocks at the close
Bought a tiny bit more of GPS at $16.00 and PYPL at $180.00 at the closing bell
TQQQ Call Rollup
Bought to close 1 TQQQ Dec 03 2021 162.0 Call at $2.40. Sold last week on a roll at $8.74.
Replaced it with 1 short TQQQ Dec 10 2021 170.0 Call at $2.55 – added 8 points to the short strike
For Friday I still have a short 170.0 and 185.0 Calls and short puts at 145.0 and 137.50.
#OnlySpreads
VZ Stock
Added to my tiny VZ stock positions at $50.00.
Forward P/E under 10 and a 5% Divvy down here
TSLA Puts
Sold these puts while I wait for a chance to roll my short calls
TSLA Dec 03 2021 845.0 Put at $0.36
TSLA Dec 03 2021 890.0 Put at $0.71
TSLA Dec 03 2021 940.0 Put at $1.37
#OnlySpreads
AKS LVS
the Re-opening trade is hereby cancelled
Bought tiny bits of these at new lows just in case I’m wrong
Bought ALK at $47.00
Bought LVS at $35.00
TQQQ Call rollup
Bought to close 1 TQQQ Dec 03 2021 152.0 Call / Sold to Open 1 TQQQ Dec 10 2021 155.0 Call at $0.45 Net Credit plus a 3-point bump in the short strike
VXX bouncing a bit
Sold VXX Dec 03, 2021 26.5 Calls at $0.53 and $0.60.
The strike is slightly above Friday’s peak on VXX at 26.44.
I’m also hoping to be able to cover a bunch of short VXX puts on Friday
CCL CTXS T TFX stock
Added to my T position at 22.50, a fresh 5-year low.
Added to my TFX position at 290.00 and a new low.
Added to my tiny CTXS stock position at $80.00, and another new 3-year low.
Started a tiny new position in CCL at 17.00, also a new 52-week low.
#SP500 #FallingKnife
TNA Put closed
Sold to close 1 TNA Dec 03 2021 80.0 Put at $1.48. Bought on 11/15 at $ 0.53.
I didn’t want it to expire worthless on Friday with the market going up and the stock at 83.20
LABU Calls
Sold LABU Dec 03 2021 47.0 Calls at $0.40.
Paired with LABU 35, 43 and 46 short puts for this week.
If the calls are threatened the puts are golden.
VXX Puts
Bought to close VXX Dec 03 2021 20.0 Puts at $0.01 after many rolldowns.
#VXXContango
VXX Call
Sold 1 VXX Dec 03 2021 25.0 Call at $1.50
TNA Put
Sold 1 TNA Dec 03 2021 75.0 Put at $2.15
CMI FIS FLT MA NCLH QRVO T TFX ZBH Stocks
The pain is starting to spread for the S&P index components as even more stocks in the index hit new lows.
Bought tiny, tiny bits of all these.
CMI at $210.00
FIS at $104.29
FLT at $210.00
MA at $312.00
NCLH at $19.00
QRVO at $146.00
T at $23.00 (2nd buy today)
TFX at $300.00
ZBH at $120.00
#SP500 #FallingKnife
CAH GPN MDT MKTX T WU
Added tiny positions to each of these at new lows.
CAH at $47.00
GPN at $120
MDT at $109.56
MKTX at $350.00
T at $23.50
WU at $16.00
#SP500 #FallingKnife
VXX Calls
Sold more VXX Dec 03 2021 32.0 Calls at $0.27
Sold VXX Dec 03 2021 30.0 Calls at $0.40
Sold VXX Dec 03 2021 28.0 Calls at $0.51 and $0.57
UHS Stock
Started a tiny new position in UHS stock at a 52-week low of $121.23.
#SP500 #FallingKnife
LABU Puts
Sold LABU Dec 03 2021 35.0 Puts at $0.35.
Written against already long Dec 23 2021 35.0 Puts, so this is a calendar spread with no further downside risk.
More Stocks – BIIB VTRS
Bought a tiny bit of BIIB at $238.00 and added more VTRS at $12.50, both at new lows.
#SP500 #FallingKnife
VXX Calls
Not that bearish anymore
Sold VXX Dec 03 2021 32.0 Calls at $0.20
Markets
https://www.marketwatch.com/story/these-60-stocks-including-draftkings-zillow-and-virgin-galactic-are-down-at-least-50-from-their-2021-highs-11638195062
TQQQ Put
Sold 1 TQQQ Dec 03 2021 137.5 Put at $0.35.
Paired with numerous short calls for this week.
LABU Calls
Sold LABU Dec 03 2021 50.0 Calls at $0.60.
Paired with existing short LABU 43.0 & 46.0 puts for a strangle
BMY CMI VIAC Stocks
Bought a tiny bit of each at new 52-week lows
BMY at $55.51
CMI at $216.41
VIAC at $32.00
#SP500 #FallingKnife
OptionsExpiration
Little left to expire after closing orders and rolls
==Expired==
SQQQ 11/26/2021 6.50 Covered Call
TLRY 11/26/2021 13.0 Covered Calls
TLRY 11/26/2021 15.0 Covered Calls
TLRY 21/15 11/26/2021 Bear Call Spread
TNA 110/103 11/26/2021 Bear Call Spread
TQQQ 175/169 11/26/2021 Bear Call Spread
== Assignments==
Allowed some of my VXX Stock to be called away at $25.00 plus $0.23 Call premium
I have a bunch of short puts with strikes below 25 for next Friday
TSLA Puts
Bought to close TSLA Nov 26 2021 840.0 Puts at $0.01.
Sold against long 720 puts as a #DoubleDip write at $1.14 and $1.31
VXX Calls Rolled up
Rolled this week’s VXX 23.0 Covered Calls to next week’s VXX 25.5 Calls for a $0.04 Credit
LABU and TNA Put Rolldown
Rolled this week’s LABU 47.0 Puts to next week’s 46.0 Puts for a $0.10 Credit
Rolled this week’s LABU 45.0 Puts to next week’s 43.0 Puts for a $0.10 Credit
Rolled this week’s TNA 93.0 Put to next week’s 90.0 Put for a $0.15 Credit
RIVN Put
Bought to close 1 RIVN Nov 26 2021 105.0 Put at $0.05. It won’t trade any lower.
Sold on Monday at $2.30 as a #DoubleDip write against a Long Jan 70 put
TNA Scalp Trade
Sold TNA 11/26/2021 80.0 Puts @ 0.52. TNA is at $84, down 12 points. Expires in a few hours.
Falling Knife Stocks
I made very tiny of buys in all these names today at new 52-week lows.
Is this a BTFD moment??
DAL at $35.00
DIS at $146.00
DVA at $98.00
FLT at $220.00
GPS at $17.00
PENN at $50.00
TFX at $310.00
V at 192.81
VTRS at $12.83
XRAY at 50.00
ZBH at $125.00
#Sp500 #FallingKnife
VXX Calls
Sold VXX Dec 03 2021 25.5 Calls at $0.80 & $0.83
TQQQ Call Rollup
Bought to close 1 TQQQ Nov 26 2021 162.5 Call at $4.11. Sold on a roll last week at $9.73
Sold to Open 1 TQQQ Dec 03 2021 170.0 Call at $4.40 to replace it.
I’m hoping my 169.0 call expires in a few hours.
TSLA Call
Bought to close 1 TSLA Nov 26 2021 1,250.0 Diagonal Call at $0.01.
Sold on Monday at $10.55
LABU Puts
Bought to Close Contracts LABU Nov 26 2021 40.0 Puts at $0.05. They won’t trade any lower.
Sold on Tuesday at $0.70
LABU Scalp
Sold LABU Nov 26 2021 48.0 Calls at $0.54.
Paired with short puts at 40, 45 and 47.
Only a half day of trading on Friday
RIVN Put Rolled
Rolled it down 10 points last week. Doing it again.
Bought to close 1 RIVN Nov 26 2021 120.0 Diagonal Put / Sold to Open 1 RIVNDec 03 2021 110.0 Put at $0.23 Credit and jumped the short strike down 10 points.
I’ll ride one short RIVN 105.0 Diagonal Put into tomorrow’s expiration.
Options Bistro 