Bought to close 1 TSLA Nov 19 2021 840.0 Put at $0.01. Sold this on Monday at $2.06
Bought to close 1 TSLA Nov 19 2021 835.0 Put at $0.01. Sold this on Monday at $1.78
Both were #DoubleDip writes against leftover longs from earlier diagonal spreads
Author Archives: Option Iceman
Markets
15 of the top 20 losers in the #SP500 are Oil and Gas related stocks
Questions about continued demand if worldwide lockdowns reappear.
Most of these set their highs for the year within the last 30 days.
VXX Calls
Just starting to roll some covered calls
Bought to close VXX Nov 19 2021 22.5 Calls at $0.03. Sold on 11/15 at $0.20.
Sold to Open VXX Nov 26 2021 22.5 Calls at $0.38
TFX Stock
Bought a tiny bit of TFX at 327.66, at a fresh 52-week low
#SP500 #FallingKnife
VXX Long term
Bought to open VXX Jan 19 2024 5.0 Put at $0.90
#VXXContango purchase
RIVN Put Rolled
Bought to close 1 RIVN Nov 19 2021 130.0 Diagonal Put / Sold to Open 1 RIVN Nov 26 2021 120.0 Put at $0.20 Credit and jumped the short strike down 10 points.
I’ll ride one more of these 130.0 Diagonal Puts into tomorrow’s expiration
VXX Put Rolls
Rolled VXX 24.5 Puts to next week’s 24.5 Puts for $0.12 Credit
Rolled VXX 24.0 Puts to next week’s 24.0 Puts for $0.15 Credit
Rolled VXX 22.5 Puts to next week’s 22.5 Puts for $0.30 Credit
Rolled down VXX 21.5 Puts to next week’s 21.0 Puts for $0.02 Credit
TQQQ Call Rolls
Rolled This week’s calls to next week
Rolled 144.0 Call to 144.0 Call for $0.16 Credit
Rolled 149.0 Call to 150.0 Call for $0.65 Debit ( no 149 strike for next week) -bumped the strike up a point
Rolled 159.0 Call to 159.0 Call for $0.98 Credit
Rolled 161.0 Call to 162.5 Call for $0.05 Credit – bumped the strike up 1.5 points
Rolled 166.0 Call to 169.0 Call for $0.14 Credit – bumped the strike up 3.0 points
TQQQ early Call assignment
I got assigned overnight on 1 short TQQQ Nov 19 2021 125.0 Call.
To take care of the short stock I exercised my own long TQQQ Nov 26 160.0 Call. Paid $0.88 for it on 10/11.
One less thing to worry about tomorrow.
#CantWinThemAll
RIVN Options
Weeklys now trading
Just in time as I will likely have to roll my short puts tomorrow
CAG CTXS FLT MKTX Stock
Market is up but four #SP500 stocks opened at new lows
Bought CAG at $31.68 – first purchase
Bought CTXS at $85.00 – avg. cost at $89 (stock is now below the 3-year and Covid low)
Bought FLT at $229.00 – first purchase
Bought MKTX at $380.00 – avg. cost at $400
#Fallingknife times 4
TSLA – closing long call
Finally dumped the extra long TSLA December call left over from a successful diagonal trade from late October.
Here’s how it went down:
10/27 Bought TSLA Dec 1250 Call @ 29.20
10/27 Sold TSLA 10/29 1050 Call @ 31.80
10/29 Bought TSLA 10/29 1050 Call @ 53.21
10/29 Sold TSLA 11/05 1080 Call @ 53.80
11/04 Bought TSLA 11/05 1080 Call @ 153.43
11/04 Sold TSLA 11/12 1100 Call @ 155.93
11/12 Bought TSLA 11/12 1100 Call @ 0.02
11/17 Sold TSLA Dec 1250 Call @ 30.00
#WinWin
TQQQ Put Scalps
Sold TQQQ Nov 19 2021 158.0 Put at $0.27
Sold TQQQ Nov 19 2021 159.0 Put at $0.37
Hoping TQQQ tests these levels on Friday to help my call positions.
WU Stock
Added to my WU position at the old 52-week low of 16.92
Low P/E, High Divvy down here.
#Sp500 #FallingKnife
RIVN Diagonal Put
Bought to Open 1 RIVN Jan 21 2022 70.0 Put / Sold to Open 1 RIVN Nov 19 2021 130.0 Put at $0.15 Net Credit.
If the stock stays above 130 for 2 more days I’ll have a “free” lottery ticket long put for 2 more months
Markets
FDX Stock
Sold off my first tiny lot of FDX stock at $255.25. Bought on 09/22/2021 at $230.00.
I made two more buys around #Earnings at $225.00 and $220.00.
#SP500
Former #FallingKnife
ZBH –
Added to my tiny ZIMMER BIOMET stock position at a new low of $130.00
#SP500 #FallingKnife
RIVN Options
Begins trading today
Monthlys only so far.
High strike at 220, Low strike at 70 for November, December.
Also Jan, Mar, Jun 2022 options and Jan 2023 and 2024
LABU Puts
Sold LABU Nov 19 2021 48.0 Puts Limit at $0.70.
I was certainly correct in rolling down last week’s Puts by 5 points.
LABU 6-month low is 47.26
KOLD Early Roll
Bought to close 1 KOLD Nov 19 2021 5.0 Put / Sold to Open 1 KOLD Dec 17 2021 5.0 Put at $0.45 Credit.
Put is sold against long KOLD May 3.0 & 4.0 Puts.
#OnlySpreads
BOIL must be spiking up today
AMC TLRY VXX
Sold 1 AMC Nov 19 2021 47.0 Call at $0.66
Sold 1 AMC Nov 19 2021 48.0 Call at $0.66
Sold TLRY Nov 19 2021 15.0 Diagonal Calls at $0.53
Sold VXX Nov 19 2021 23.0 Diagonal Calls at $0.20
Sold VXX Nov 19 2021 22.0 Diagonal Calls at $0.32
Sold VXX Nov 19 2021 21.5 Diagonal Calls at $0.39
TSLA
Sold 1 TSLA Nov 19 2021 840.0 Put at $2.06
Sold 1 TSLA Nov 19 2021 835.0 Put at $1.78.
#DoubleDip writes against leftover longs from last week’s diagonal Put spreads.
VXX Calls
Sold VXX Nov 19 2021 22.5 Covered Calls at $0.23 average price.
This strike is also where my largest short put position is, so I would welcome a move over 22.50
TNA
Sold TNA Nov 19 2021 98.0 Puts at $0.59.
Paired with existing short TNA 100.0 Diagonal calls for this week.
Last week’s low on TNA was 103.18
TQQQ
Sold 1 TQQQ Nov 19 2021 157.0 Put at $1.31.
Paired with existing short TQQQ 161.0 Diagonal call for this week.
Last week’s low on TQQQ was 156.50
OptionsExpiration
== Expired ==
AMC 11/12/2021 48.0 Diagonal Call
AMC 11/12/2021 53.0 Diagonal Call
AMC 11/12/2021 60.0 Diagonal Call #Earnings
LABU 11/12/2021 65/60 Bear Call Spread
LABU 11/12/2021 62.0 Diagonal Call
LABU 11/12/2021 63.0 Diagonal Call
LABU 11/12/2021 66.0 Diagonal Call
TQQQ 11/12/2021 147.0 Diagonal Puts
TSLA 11/12/2021 695/840 Bull Put Spread
TSLA 11/12/2021 740/840 Bull Put Spread
VXX 11/12/2021 23.0 Covered Calls
VXX 11/12/2021 56/23 Bear Call Spreads
== Assignments ==
SLV 11/12/2021 23.0 Covered Calls (was assigned the stock about a month ago on a 23 strike short Put)
TSLA Call Rollup
Bought to close 1 TSLA Nov 12 2021 1,100.0 Call at $0.02. Sold on a rollup last week at $155.93
Sold to Open 1 TSLA Nov 19 2021 1,160.0 Call at $6.47.
Last TSLA trade for today.
LABU Put Rolldown
Decided not to wait to see if the 54 puts are going to expire
Bought to close LABU Nov 12 2021 54.0 Puts at $0.42. Sold this week at $0.74.
Sold to Open LABU Nov 19 2021 49.0 Puts at $0.72.
My short calls will expire though.
TSLA Puts
Bought to Close 2 of my 4 TSLA Nov 12 2021 840.0 Puts at $0.01.
Sold on 11/08 and 11/09 at $2.55 and $3.56.
This leaves me long a couple of fully paid for “lottery ticket” puts for next week.
TSLA Calls
Bought to close 1 TSLA Nov 12 2021 1,235.0 Diagonal Call at $0.01.
Sold on a rollup last Friday at $42.90.
Leaves me with an extra (fully paid for) December long Call to write against again.
Also Rolled another call
Bought to close 1 TSLA Nov 12 2021 920.0 Call at $100.57. Sold on a roll last week at $317.43
Sold to open 1 TSLA Nov 19 2021 930.0 Call at $102.17
LABU Put Rolldown
Bought to close LABU Nov 12 2021 55.0 Puts at $0.58. Sold earlier this week at $0.70
Sold to Open LABU Nov 19 2021 50.0 Puts at $0.73
I still have 54.0 puts that I hope will expire, plus calls at 60 and above.
SLV TLRY Call Rollups
Bought to Close TLRY Nov 12 2021 15.0 Calls at $0.01. Sold earlier this week at $0.08 and $0.15.
Sold to Open TLRY Nov 19 2021 15.5 Calls at $0.15.
Bought to Close SLV Nov 12 2021 23.0 Calls/ Sold to Open SLV Nov 19 2021 23.5 Calls at $0.02 Credit.
TNA TQQQ Call Rolls
Bought to close TNA Nov 12 2021 107.5 Calls at $1.05. Sold last Friday at $5.15 on another roll.
Sold to Open Contracts TNA Nov 19 2021 114.0 Calls at $1.07
Rolled this week’s TQQQ 137.0 call to next week for a $0.15 Credit.
VXX Call Rollup
Bought to close VXX Nov 12 2021 23 Calls at $0.06. Sold earlier this week at $0.39
Sold to Open VXX Nov 19 2021 24.0 Calls at $0.29.
GPN stock
Added a tiny bit to my GPN stock position at a new low of $128.61.
#SP500 #FallingKnife
SLV Put Rolldown
Bought to close SLV Nov 12 2021 23.0 Puts / Sold to Open SLV Nov 19 2021 22.5 Puts at $0.02 Credit.
Waiting to see if my SLV 23.0 Covered Calls get assigned tomorrow.
TNA early Rollup
The market seems to have stabilized about 2:45.
Doing another early roll while it is still down
Bought to close TNA Nov 12 2021 98.0 Calls at $6.68. Sold last week on a roll at $14.75
Sold to Open TNA Nov 19 2021 100.0 Calls at $6.73
TQQQ early Rollup
Another one while the market is down
Bought to Close 1 TQQQ Nov 12 2021 147.0 Call at $13.00. Sold last week on a roll at $25.20
Sold to Open 1 TQQQ Nov 19 2021 149.0 Call at $13.05.
PENN Stock
Started a tiny new position in PENN at $56.00.
#SP500 #FallingKnife at a new low
LABU Puts
Sold LABU Nov 12 2021 54.0 Puts at $0.74. Paired with short calls for this week at 60 and above.
VXX Calls
Bought to Close VXX Nov 12 2021 24.5 Calls at $0.17. Sold these just yesterday at $0.19 and $0.20.
Sold to Open VXX Nov 19 2021 25.0 Calls at $0.57 with the strike $0.50 higher and a Net Credit of $0.40 extra cash
TQQQ Puts
Scalp Trade
Sold TQQQ Nov 12 2021 147.0 Puts @ 0.25
TQQQ Early Call rollup
Bought to close 1 TQQQ Nov 12 2021 156.0 Call at $7.55. Sold last week on a roll at $11.75
Sold to Open 1 TQQQ Nov 19 2021 159.0 Call at $7.70
VXX Early Put rolldown
The VIX quickly gave up most of yesterday’s gain this morning so rolling my largest short Put position down for a small credit to next week. Market declines only last a day anyway it seems.
Bought to close VXX Nov 12 2021 23.0 Puts at $2.04. Sold last week at $3.63 on another roll.
Sold to Open VXX Nov 19 2021 22.5 Puts at $2.09
TSLA
With the stock down 133 points, some levered accounts should be getting margin calls about now.
We could be going lower as levered longs unwind.
ZBH Stock
Started a tiny new position in ZBH at 134.00, a new 52 week low.
#SP500 #FallingKnife
TSLA Diagonal Put
Sold to Open 1 TSLA Nov 12 2021 840.0 Put at $2.80.
Bought to Open 1 TSLA Nov 19 2021 700.0 Put at $2.36.
My short TSLA 1235.0 call looking much better for this week.
VXX Calls
Sold VXX Nov 12 2021 23.0 Diagonal Calls at $0.33 and $0.40. Paired with short puts at the same strike.
Sold VXX Nov 12 2021 24.5 Diagonal Calls at $0.19 and $0.20. Also paired with short puts at the same strike.
LABU Puts
Sold LABU Nov 12 2021 55.0 Puts at $0.70.
Paired with many short calls 60 and above for this week.
AMC Earnings
Sold 1 AMC 11/12/2021 60.0 Call at $1.02.
Stock at 45. #Earnings after the close.
Earnings this week
COIN Stock
Sold off another lot at $350.00 this morning. Bought on 05/17 at $240.00
I’m holding on to my final purchase from 05/19 at $212.12 so I’m done trading this name.
TLRY Calls
Sold TLRY Nov 26 2021 15.0 Covered Calls at $0.36
Sold TLRY Nov 19 2021 15.0 Covered Calls at $0.21
Sold TLRY Nov 12 2021 15.0 Diagonal Calls at $0.08
TSLA
Straight Bull put spread to pair up with one of my Call spreads
Bought to open 1 TSLA Nov 12 2021 695.0 Put at $0.98
Sold to Open 1 TSLA Nov 12 2021 840.0 Put at $2.74.
So a $176 Credit.
TNA – Rolling the long side up
Sold to close 1 TNA Nov 12 2021 105.0 Call at $8.92. Bought on 10/05 at $1.12
Bought to Open 1 TNA Dec 23 2021 140.0 Call at $1.91
Gave myself more than a month to get out of the short call written against the long and put $701 in my pocket
AMC Calls closed pre-earnings
Sold to Close AMC Nov 12 2021 65.0 Calls at $0.62 left over from old diagonal spreads. Bought on 10/27 at $0.34
Sold to close 1 AMC Nov 12 2021 50.0 Call at $1.51 left over from another diagonal spread. Bought on 11/01 at $0.85.
I have no short puts at the moment.
#Earnings tonight
OptionsExpiration
Only a little left after my Rolls:
AMC 50/43 Bear Call Spread
AMC 37.0 Diagonal Puts
AMC 33.0 Diagonal Puts
LABU 35/59.50 Bull Put Spread
LABU 50 Diagonal Puts
SLV 17.50/21.50 Bull Put Spreads
TLRY 20/11.50 Bear Call Spread
TLRY 11.5 Covered Calls
TNA & TQQQ Calls rolled
TQQQ
Rolled 147.0 Call out a week for a credit
Rolled 155.0 Call to 156.0 Call at a credit
Rolled 157.5 Call to 159.0 Call at a credit
Rolled 160.0 Call to 162.0 Call at a credit
TNA
Rolled 98.0 and 99.0 Calls out a week for a credit
Rolled 105.0 Calls to 107.50 Calls at a credit
AMC Call Rollup
Bought to Close 1 AMC Nov 05 2021 40.0 Call / Sold to Open AMC Nov 12 2021 48.0 Call at $0.16 Credit plus a giant 8 point bump in the short strike.
My short AMC 33 and 37 Puts plus my 43 call will expire
SLV Call Rollup
Bought to close SLV Nov 05 2021 22.5 Covered and Diagonal Calls at $0.01
Sold to Open SLV Nov 12 2021 23.0 Calls at $0.08 and $0.09
TSLA Spread
Well at least I didn’t lose money on this short 🙂
Bought to close 1 TSLA Nov 05 2021 1,190.0 Diagonal Call at $36.72. Sold Monday at $38.04
And my long hedge in December is up about 9-10 points.
Replaced the short with 1 TSLA Nov 12 2021 1,235.0 Call at $42.90.
So a $6.18 Credit and lowered the spread requirement $4500.
Maybe this new short will expire 🙂 🙂
VXX Calls
Rolling this weeks covered calls to a strike equal to my largest short put position for next Friday.
I wouldn’t mind rolling the calls if I can cover the puts for a penny. (but it’s unlikely)
Bought to Close VXX Nov 05 2021 26.0 Calls at $0.01
Bought to Close VXX Nov 05 2021 25.0 Calls at $0.01
Bought to Close VXX Nov 05 2021 23.0 Calls at $0.01
Bought to Close VXX Nov 05 2021 22.5 Calls at $0.01
Bought to Close VXX Nov 05 2021 22.0 Calls at $0.01
Bought to Close 1 VXX Nov 05 2021 21.5 Calls at $0.02
Sold to Open VXX Nov 12 2021 23.0 Calls at $0.22, $0.23, $0.24, $0.26 and $0.29
CTXS Stock
A former #SP500 #FallingKnife trading back at a new low.
I first bought this on 07/29 at $94.70 but exited it in September at $115.00 before getting back in at $92.14 on 10/12.
Added a tiny bit today at $90.00.
Will wait for $85 to add again.
LABU Call Rollup
Rolled lower strike calls yesterday. This is the last one for this week in LABU.
Bought to close 1 LABU Nov 05 2021 62.0 Call at $1.60. Sold on Wednesday at $2.79.
Sold to Open 1 LABU Nov 12 2021 66.0 Call at $0.05 Credit to replace it.
My 2 small short LABU 50.0 Puts will expire this afternoon
T
Added to my tiny T stock position at $25.00
Nice divvy down here,
#SP500 #FallingKnife
MKTX stock
Not every #SP500 stock is up
Bought a bit more MKTX at a new low of $394.34 before it continued lower
#FallingKnife
ATVI WU Stock
A couple of #SP500 names at a new low today. Added a small bit of each.
Bought ATVI at $65.88
Bought WU at $17.58.
At least my tiny position in FMC stock is up 12% today.
TLRY Covered Calls
Sold TLRY Nov 05 2021 11.5 Calls at $0.20
TSLA Call Rollup
Bought to close 1 TSLA Nov 05 2021 875.0 Call / Sold to Open 1 TSLA Nov 12 2021 880.0 Call at $0.30 Credit plus lowered my spread requirements $500
SLV Puts
Sold SLV Nov 05 2021 21.5 Puts at $0.18.
Replaces short SLV 22.o Puts that expired Friday
COIN Stock
Sold off another lot at $340.00 this morning. Bought on 05/17 at $250.00
Two more lots to go
AMC Call
Sold 1 AMC Nov 05 2021 40.0 Diagonal Call at $0.89
TSLA Spread
Bought to Open 1 TSLA Dec 17 2021 1,400.0 Call / Sold to Open 1 TSLA Nov 05 2021 1,190.0 Call at $0.15 Credit.
Sold the 1,190 Call at $38.04 and hoping it’s much lower on Friday.
Is this the week where I finally get a short to expire?
BITO Put
Sold to close 1 BITO Dec 17 2021 27.0 Put at $0.55. Bought at $0.52
The short 37 Put I had written against it expired Friday so a #WinWin spread trade.
This is not as volatile as I had hoped so exiting with gains rather than continue playing with it.
Options Bistro 