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
Sold to Open TQQQ Dec 31 2021 140.0 Diagonal Puts at $0.50 for next week.
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.
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
Sold TQQQ Dec 23 2021 162.0 Calls at $0.60.
#OnlySpreads
Edit: a bit too early 😦
Sold 1 TNA Dec 23 2021 81.0 Diagonal Call at $1.75
#OnlySpreads
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
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.
Sold 1 LABU Dec 23 2021 42.0 Diagonal Call at $1.45.
Paired with the LABU short puts for this week.
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
Sold 1 Sold 1 TNA Dec 23 2021 65.0 Put at $1.50
If it doesn’t flash a downside warning today I’d be very surprised
Sold 1 SQQQ Dec 23 2021 7.0 Covered Call at $0.20
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
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
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
I guess all gaps are eventually filled
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
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
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.
#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.
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.
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
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 🙂 🙂
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
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
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
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.
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.
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 😦
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.
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
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.
Sold VXX Dec 17 2021 28.0 Calls at $0.22.
Then the VIX collapses
I love Fed days
Consumer Staples ETF XLP hits all-time trading high as investors support defensive stocks
and … ROKU down big today @fuzzballl
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
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.
Sold 1 TNA Dec 17 2021 73.0 Diagonal Put at $2.48.
TNA at a 6-month low of 74.02
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
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
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??
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
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
Sold a few more VXX Dec 17 2021 26.0 Calls at $0.33
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
I’ve been reading this guy for several years. Check it out.
http://charleshughsmith.blogspot.com/2021/12/get-in-crash-positions.html
Sold 1 RIVN Dec 17 2021 127.0 Call at $3.29
#DoubleDip write replacing a similar diagonal call that expired Friday.
#OnlySpreads
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.
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
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.
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
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
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
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
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
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
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
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
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
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.
The only #SP500 stock hitting a new low today.
Bought a tiny bit at $48.00
#FallingKnife
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
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.
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
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.
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
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.
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
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.
Sold TLRY Dec 23 2021 13.0 Calls at $0.15
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
Options Bistro 