Bought another KOLD Aug 19 2022 6.0 Put at $0.50.
Sold another KOLD Jan 21 2022 11.0 Put at $0.70.
Created another Bull Calendar Put spread with a $0.20 Credit.
Long DTE = 228
Short DTE = 18
Author Archives: Option Iceman
LABU Calls
Sold LABU Jan 07 2022 42.0 Diagonal Calls at $0.65, replacing similar calls that expired Friday.
#OnlySpreads
CCL NCLH
Apparently, nobody cares about the CDC warning on cruise lines anymore
CCL up 6%
NCLH up 5%
VXX Strangles
Sold VXX Jan 07 2022 20.0 Diagonal Calls at $0.23
Sold VXX Jan 07 2022 20.5 Diagonal Calls at $0.16
Sold VXX Jan 07 2022 17.5 Diagonal Puts at $0.16 and $0.17
Ancient VXX1 Puts closed
Sold to close VXX1(pre-split) Jan 21 2022 7.0 Puts at $2.55, a new contract high since the split. They are rapidly approaching expiration.
Bought these back in June 2020(yes 2020, not 2021) at $0.67 as the long side of a #VXXContango spread. They were free after the first week.
#VXXContango at work.
OptionsExpiration
Last one in 2021. Happy New year everyone
LABU 60/45 Bear Call Spread
LABU 60/44 Bear Call Spread
LABU 44.0 Diagonal Calls
LABU 42.0 Diagonal Calls
TLRY 12.0 Covered Calls
TNA 125/88 Bear Call Spread
TNA 110/88 Bear Call Spread
TQQQ 115/140 Bull Put Spreads
TQQQ 163.0 Diagonal Puts
TSLA 885.0 Diagonal Put
TSLA 1000.0 Diagonal Put
VXX 50/21 Bear Call Spread
VXX 45/21 Bear Call Spread
VXX 40/21 Bear Call Spread
VXX 39/21 Bear Call Spread
VXX 35/21 Bear Call Spread
VXX 34/21 Bear Call Spread
VXX 33/21 Bear Call Spread
VXX 20.5 Diagonal Calls
VXX 20.0 Diagonal Calls
VXX 18.0 Diagonal Puts – #VXXContango
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
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.
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
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
IWM TNA Chart
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
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
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.





