Another #SP500 stock hitting a new yearly low.
Bought a small bit of FMC at $90, adding to my position.
#FallingKnife
Author Archives: Option Iceman
VXX Call
Had just enough buying power to sell one more call
Sold 1 VXX 08/20/2021 31.0 Diagonal call at $0.39
The market is in rally mode after the soft open.
LABU
One last LABU put for this week
Sold LABU 08/20/2021 50.0 Diagonal Put at $1.42.
#OnlySpreads
COG
Back in this one after exiting it at 18.01 on July 1st.
Bought a bit at a new low of 14.68
#Fallingknife
COG LVS
Marginal New lows on both these #SP500 stocks.
Keeping them on my watch list
#FallingKnife
More TQQQ
Sold a couple :
For this week: Sold 1 TQQQ 08/20/2021 135.0 Diagonal Call @ $1.12
For next week: Sold 1 TQQQ 08/27/2021 120.0 Diagonal Put @ $1.46 ( already short the 120 calls)
TQQQ Early Call Roll
Rolled TQQQ 08/20/2021 120.0 Calls to next week for a $0.93 Credit.
An unusually generous roll premium given that the call is so far in the money.
TNA Puts and Calls
Writing again against my Oct long puts. Easy to roll if I’m wrong.
Sold TNA Aug 20 2021 79.0 Diagonal Put at $0.84.
As an offset Sold TNA Aug 20 2021 85.0 Diagonal Calls at $0.52
So a 79.0/85.0 Strangle premium of $1.36 for the next couple of days
TLRY Calls
Sold TLRY 08/20/2021 15.5 Covered Calls @ 0.09
Sold TLRY 08/27/2021 16.0 Covered Calls @ 0.19
Sold TLRY 09/10/2021 16.0 Diagonal Calls @ 0.48
COIN Put
Sold 1 COIN 08/20/2021 237.5 Diagonal Put at $1.12.
Paired off with my existing COIN 08/20/2021 265.0 Call that gives me a 237.50/265.0 Strangle for Friday with a total premium of $7.22
LABU Call
Sold 1 LABU 08/20/2021 55.0 Diagonal Call at $1.48.
Paired off with my existing LABU 08/20/2021 53.0 Put that gives me a 53/55 Strangle for Friday with a total premium of $2.70
VXX Puts – early roll
Bought to close VXX Aug 20 2021 27.0 Puts at $0.45 (Sold them just a few days ago at $1.52).
Bought to close VXX Aug 20 2021 28.0 Puts at $0.88 (Sold them just a few days ago at $2.42).
Bought to close 1 VXX Aug 20 2021 29.0 Put at $1.42 (Sold it just a few days ago at $3.50).
Replaced them with a one week longer Puts but a point lower for all of them.
Sold VXX Aug 27 2021 26.0 Puts at $0.52
Sold VXX Aug 27 2021 27.0 Puts at $0.95
Sold 1 VXX Aug 27 2021 28.0 Put at $1.49.
#VXXContango
AMC Call
Sold 1 AMC Aug 20 2021 39.0 Diagonal Call at $1.94.
Moving counter to the market right now.
VXX Calls
Getting aggressive with the new upside warning in effect –
Sold VXX Aug 20 2021 29.0 Diagonal Calls at $0.37 and again at $0.54 & 0.74
Sold VXX Aug 20 2021 29.5 Diagonal Calls at $0.33 and again at $0.67
Sold VXX Aug 20 2021 30.0 Diagonal Calls at $0.28.
Easy to roll but likely to expire.
AMC Calls
Sold AMC Aug 20 2021 40.0 Diagonal Call at $1.19.
Sold AMC Aug 20 2021 42.0 Diagonal Calls at $0.84.
Now I need to sell more Puts
TQQQ
Sold TQQQ Aug 20 2021 120.0 Puts at $0.40.
Little risk because I continue to roll my TQQQ short calls every week.
TQQQ at 132
LABU
New Diagonal Spread
Bought 1 LABU Sep 24 2021 40.0 Put at $1.43
Sold 1 LABU Aug 20 2021 52.0 Put at $1.53
An initial credit of 0.10 and the chance to roll the short multiple times.
I also have excess long puts out to December that I can still write against if the stock collapses further, but the stock is at the low end of it’s trading range now with the 6-month low at 50 in mid May
COIN Call
Sold 1 COIN Aug 20 2021 290.0 Diagonal Call at $1.25 replacing the 267.50 Call that expired Friday
VXX Covered Ladder
Since the upside warning is on, covered all my long stock on the open:
Sold VXX Oct 01 2021 34.0 Call at $2.05
Sold VXX Oct 01 2021 45.0 Call at $1.09
Sold VXX Sep 24 2021 41.0 Call at $1.11
Sold VXX Sep 17 2021 38.0 Call at $1.06
Sold VXX Sep 10 2021 34.0 Call at $1.07
Sold VXX Sep 03 2021 30.5 Call at $1.13
OptionsExpiration
Expired:
AMC 08/13/2021 24.0 Diagonal Puts
AMC 08/13/2021 26.0 Diagonal Puts
AMC 08/13/2021 34.0 Diagonal Calls
AMC 08/13/2021 36.0 Diagonal Calls
COIN 08/13/2021 227.5 Diagonal Puts
COIN 08/13/2021 230.0 Diagonal Puts
COIN 08/13/2021 267.5 Diagonal Call
COIN 08/13/2021 300.0 Diagonal Call
COIN 08/13/2021 305.0 Diagonal Call
LABU 08/13/2021 53.0 Diagonal Put
LABU 08/13/2021 65.0 Diagonal Call
SQQQ 08/13/2021 8.5 Covered Call
TLRY 08/13/2021 15.5 Covered Calls
TLRY 08/13/2021 16.0 Covered Calls
TLRY 08/13/2021 23.0 Diagonal Calls
TQQQ 08/13/2021 126.0/90.0 Bull Put Spread
VXX 08/13/2021 31.0 Covered Call
VXX 08/13/2021 33.5 Covered Calls
VXX 08/13/2021 34.0 Covered Calls
VXX 08/13/2021 40.0/50.0 Bear Call Spread
VXX 08/13/2021 40.0/53.0 Bear Call Spread
VXX 08/13/2021 40.0/58.0 Bear Call Spread
TLRY Put rolldown
Rolled TLRY 08/13/2021 13.50 Diagonal Puts to TLRY 08/20/2021 13.0 Puts @ 0.12 Credit
LABU Put Rolldown
Bought to close 1 LABU 08/13/2021 56.0 Diagonal Put at $0.17. Sold this on Wednesday @ $1.44.
Replaced it with 1 short LABU 08/20/2021 53.0 Put at $1.22.
VXX Put Rolls
Rolled 1 VXX 08/13/2021 29.0 Put to next week at $0.25 Credit
Rolled VXX 08/13/2021 28.0 Puts to next week at $0.33 Credit
Rolled VXX 08/13/2021 27.50 Puts to next week’s 27.0 Puts at $0.01 Credit and a $0.50 lower strike
Rolled VXX 08/13/2021 27.0 Puts to next week’s 26.50 Puts at $0.03 Credit and a $0.50 lower strike
Rolled VXX 08/13/2021 26.50 Puts to next week’s 26.0 Puts at $0.14 Credit and a $0.50 lower strike
COIN Call
Anticipating the expiration on my short 267.50 Diagonal call this afternoon –
Sold 1 COIN Aug 20 2021 275.0 Diagonal Call at $4.25
AMC Call
Sold to Open AMC Aug 20 2021 38.0 Diagonal Call at $1.12.
Paired with the strike 24 Puts I sold yesterday for a total 24/38 Strangle premium of $1.39
VXX1 – Old(pre-split) long Puts
Sold another VXX1 09/17/2021 7.0 Put @ $1.04. Bought on 03/05/2021 @ $0.15
#VXXContango
AMC Puts for next week
Sold AMC Aug 20 2021 24.0 Diagonal Puts at $0.27.
Similar puts for this week look to expire.
COIN Call Roll
Not at all confident that these will expire tomorrow so rolling them up another 10 points
Bought to close COIN Aug 13 2021 255.0 Diagonal Call at $6.00. Sold last week at $13.44 on a rollup.
In place of it sold to Open 1 COIN Aug 20 2021 265.0 Call at $6.10.
Looking for this week’s 267.50, 300 and 305 calls to expire tomorrow.
VXX1 – Old(pre-split) long Puts
Sold 1 of my VXX1 09/17/2021 7.0 Puts @ 0.97. Acquired the entire position on these on 03/05/2021 @ $0.15 as the long side of a long expired diagonal spread.
Sold to close some VXX1 Sep 17 2021 6.0 Puts at $0.31. Acquired the entire position on these on 01/15/2021 @ $0.09 as the long side of another long expired diagonal spread.
Sold to close VXX1 Jan 21 2022 4.0 Puts at $0.29. Bought this lot on 03/30/2021 @ $0.08.
I’ll try to scale out of more at higher prices.
#VXXContango
TQQQ Roll
Rolled TQQQ 08/13/2021 120.0 Diagonal Calls out another week at $0.40 Credit.
TQQQ is still too high to roll it up
COIN
One day scalp
Sold COIN Aug 13 2021 227.5 Diagonal Puts at $0.15.
Paired with short 300 and 305 calls that also expire tomorrow.
So no additional spread margin
AMC LABU VXX
Sold AMC Aug 13 2021 26.0 Diagonal Puts at $0.26 & 0.33. Paired with some in-the-money calls I would like to cover and roll up on Friday
Sold LABU Aug 13 2021 53.0 Diagonal Put at $0.65. Paired with a short 65.0 Call for this week.
Sold VXX Aug 13 2021 31.0 Covered Calls at $0.13
SQQQ Covered Calls
Sold 1 SQQQ 08/13/2021 8.50 Covered Call @ 0.05
Sold 1 SQQQ 08/20/2021 9.00 Covered Call @ 0.08
COIN
Sold 1 COIN Aug 13 2021 230.0 Diagonal Put at $1.27, adding to my position.
#Earnings after the close today
INCY
Another #SP500 stock hits a 52-week low.
Bought a small bit at $75
VXX Puts
Bought VXX Oct 15 2021 19.0 Puts/ Sold VXX Aug 13 2021 27.0 Puts at $ 0.02 Credit
Bought VXX Oct 15 2021 18.0 Puts/ Sold VXX Aug 13 2021 26.5 Puts at $ 0.05 Credit
Short DTE = 3
Long DTE = 66
#VXXContango
TLRY Calls
Sold TLRY Aug 13 2021 15.5 Diagonal Calls at $0.30 to go along with my existing short 15.50 Puts for a straddle with a total credit of $1.48
TLRY at 15 for now.
AMC Calls
Sold AMC Aug 13 2021 36.0 Diagonal Calls at $2.29.
Stock at 33.50. #Earnings tonight
SLV long puts closed
Sold to close SLV Aug 20 2021 21 Puts at $0.20.
Bought these back on 5/23 at $0.17.
I’ve written against it at least 6 times, collecting at least twice the original cost.
#WinWin
TLRY
Sold TLRY Aug 13 2021 16.0 Covered Calls at $0.11 replacing similar calls that expired Friday
COIN
Sold 1 COIN Aug 13 2021 305.0 Call at $5.79 and 1 COIN Aug 13 2021 230.0 Put at $1.00 for a total strangle premium of $6.79
VXX
Sold 1 VXX Sep 03 2021 30.0 Covered Call at $2.01
and
Sold VXX Aug 13 2021 27.0 Diagonal Puts at $0.13
TQQQ Puts
Sold TQQQ Aug 13 2021 126.0 Puts at $0.38.
Little risk because of my in the money short calls
OptionsExpiration
Pretty good week:
Expired:
AMC 08/06/2021 28.0 Diagonal Puts
AMC 08/06/2021 26.0 Diagonal Puts
AMC 08/06/2021 25.0/10.0 Bull Put Spreads
COIN 08/06/2021 210.0 Diagonal Put
LABU 08/06/2021 65.0 Diagonal Call
LABU 08/06/2021 50.0 Diagonal Puts
TLRY 08/06/2021 23.0 Diagonal Calls
TLRY 08/06/2021 16.5 Covered Calls
TLRY 08/06/2021 16.0 Covered Calls
TNA 08/06/2021 94.0 Diagonal Call
TNA 08/06/2021 92.0 Diagonal Call
TNA 08/06/2021 77.0 Diagonal Put
TQQQ 08/06/2021 138.0 Diagonal Call
TQQQ 08/06/2021 141.0 Diagonal Call
TQQQ 08/06/2021 122.5/85.0 Bull Put Spread
TQQQ 08/06/2021 122.5/65.0 Bull Put Spread
VXX 08/06/2021 42.0 Diagonal Calls
VXX 08/06/2021 41.0 Diagonal Calls
VXX 08/06/2021 40.0 Diagonal Calls
VXX 08/06/2021 37.0 Diagonal Calls
VXX 08/06/2021 36.5 Diagonal Call
VXX 08/06/2021 35.0 Covered Calls
VXX 08/06/2021 34.5 Covered Calls
VXX 08/06/2021 28.0 Diagonal Puts #VXXContango
VXX 08/06/2021 27.5 Diagonal Puts #VXXContango
VXX 08/06/2021 27.0 Diagonal Puts #VXXContango
SLV Puts
Rolled SLV Aug 06 2021 23.0 Diagonal Puts to next week for a$0.10 Credit
Added new short SLV Aug 06 2021 22.5 Diagonal Puts at $0.30
AMC Puts and Calls
Sold AMC Aug 13 2021 24.0 Diagonal Puts at $0.40.
Bought to close AMC Aug 06 2021 31.0 Diagonal Calls at $2.67 (Sold on a roll last week at $7.91)
Sold Sold AMC Aug 13 2021 34.0 Diagonal Calls at $2.94, so a $0.27 Credit on a 3 point bump in the short strike
TLRY Put Rolls
Bought to close TLRY 08/06/2021 15.5 Puts at $0.97 (Sold last week on a roll at $1.27)
Sold TLRY 08/13/2021 15.5 Puts @ $1.19, so a $0.22 Credit.
Then near the close:
Bought to close TLRY 08/06/2021 14.5 Puts at $0.05 (Sold last week on a roll at $0.61)
Sold TLRY 08/13/2021 13.5 Puts @ $0.16, so a $0.11 Credit plus a point drop to an out of the money strike
VXX Put Rolls
At various times during a weak day in VXX:
Bought to close 1 VXX 08/06/2021 29.5 Put at $0.86 (Sold last week on a roll at $0.99)
Sold 1 VXX 08/13/2021 29.0 Put @ $1.06 so a 0.20 Credit and a half point lower strike
Bought to close VXX 08/06/2021 29.0 Puts at $0.36 (Sold last week on a roll at $0.68 and $0.72)
Sold VXX 08/13/2021 28.0 Puts @ $0.38, so a 0.02 Credit and a 1 point lower strike
Bought to close VXX 08/06/2021 28.5 Puts at $0.12 (Sold last week on a roll at $0.35)
Sold VXX 08/13/2021 27.5 Puts @ $0.29, so a 0.17 Credit and a 1 point lower strike
#VXXContango
AMC COIN Rolls
Rolled AMC 08/06/2021 31.0 Diagonal Calls to AMC 08/13/2021 34.0 Calls @ 0.27 Credit Plus a 3 point improvement in the strike
Rolled COIN 08/06/2021 245.0 Diagonal Call to COIN 08/13/2021 255.0 Call @ 2.01 Credit Plus a 10 point improvement in the strike
Rolled COIN 08/06/2021 247.5 Diagonal Call to COIN 08/13/2021 267.5 Call @ 0.10 Credit Plus a 20 point improvement in the strike
COIN long call closed
Sold to close 1 COIN Aug 13 2021 300.0 Call at $1.75.
This was an extra long position left over from an old diagonal spread from 2 weeks ago.
I’m fairly certain this would have expired next Friday.
I may try a new spread witb this as tbe short side.
AMC Puts
Sold AMC 08/13/2021 20.0 Puts @ $0.52.
Balancing out some short calls.
BAX FMC
Two #SP500 stocks hitting new yearly lows.
Bought a small bit of BAX at $84 and FMC at $95.
#FallingKnife
VXX Puts
Sold VXX Aug 13 2021 28.0 Diagonal Puts at $0.37.
My short Puts and short calls are now balanced out, at least until tomorrow’s expiration
HOOD
Weekly options now available up to 76
Monthly options now go to 170.
COIN
Sold 1 COIN Aug 06 2021 247.5 Diagonal Call at $2.53.
An added kicker to my last sale.
COIN up 13 points today
2DTE
COIN
Sold 1 COIN Aug 06 2021 245.0 Diagonal Call at $1.66.
Paired with my short 210 Put for this week.
Total Strangle premium for this week at $2.51
AMC
Lowest price in several months today
Rolled 1 AMC 08/06/2021 23.0 Call to AMC 08/13/2021 24.0 Call at $0.05 Credit and added a point to the short strike.
Also sold 1 short 08/06/2021 25.0 Diagonal Put @ $0.38, adding to my position.
CPB
Bought a small bit of CPB at a new yearly low of $43
#FallingKnife
LVS Stock
Bought a small bit of LVS at $40.
New 52week low
#FallingKnife
VXX Puts
Sold VXX Aug 06 2021 28.5 Puts at $0.09.
Sold VXX Aug 13 2021 28.0 Puts at $0.27 & 0.32
Sold VXX Aug 13 2021 27.5 Puts at $0.17
Offsetting and paired up with some of the calls I’ve been selling.
COIN Put
Sold 1 COIN Aug 06 2021 210.0 Diagonal Put at $0.85
#OnlySpreads #DoubleDip
VXX Calls
Sold VXX Aug 06 2021 34.0 Diagonal Calls at $0.52
Sold VXX Aug 06 2021 34.5 Diagonal Calls at $0.47
Sold VXX Aug 06 2021 35.0 Diagonal Calls at $0.36
TQQQ Puts
Sold TQQQ Aug 06 2021 122.5 Diagonal Puts at $0.45
Pairs with the TQQQ Calls I sold yesterday
AMC Puts
Sold AMC Aug 06 2021 28.0 Diagonal Puts at $0.32
Sold AMC Aug 06 2021 26.0 Diagonal Puts at $0.21
Sold AMC Aug 06 2021 25.0 Diagonal Puts at $0.17
#OnlySpreads
CLX
Re-acquired a bit of CLX at $163 and $160 on the earnings drop after selling off my stock on July 8th around 187.
#FallingKnife at a new 52 week low
CPB LVS
2 SP500 Stocks set new yearly lows today
#FallingKnife
VXX Late trades
Sold VVX Aug 13 2021 33.5 Diagonal Calls at $1.29 and $1.35
VXX Call Ladder
Sold VXX 08/13/2021 34.0 Covered Calls @ $1.04
Sold VXX 08/20/2021 38.0 Covered Calls @ $1.04
Sold VXX 08/27/2021 42.0 Covered Call @ $1.04
Sold VXX 09/03/2021 46.0 Covered Call @ $1.14
Sold VXX. 09/10/2021 50.0 Covered Call @ $1.14
Sold VXX 09/17/2021 54.0 Covered Call @ $1.14
TLRY
Sold Aug 06 2021 16.0 Covered Calls @ 0.24 & 16.5 Covered Calls @ 0.19, replacing last week’s calls
TNA Call
Sold TNA Aug 06 2021 92.0 Diagonal Call @ $1.22 and 94.0 Diagonal Call at $1.03 replacing the calls that expired Friday
OptionsExpiration
–Expired–
AMC 07/30/2021 48/60 Bear Call Spread
AMC 07/30/2021 47/55 Bear Call Spread
AMC 07/30/2021 23.0 Diagonal Puts
COIN 07/30/2021 250.0 Diagonal Call
COIN 07/30/2021 230/145 Bull Put Spread
LABU 07/30/2021 52.0 Diagonal Put
SLV 07/30/2021 23.0 Diagonal Puts
TLRY 07/30/2021 17/32 Bear Call Spread
TLRY 07/30/2021 16.5/32 Bear Call Spreads
TLRY 07/30/2021 16/30 Bear Call Spreads
TLRY 07/30/2021 15.5 Covered Calls
TLRY 07/30/2021 15.0 Covered Calls
TNA 07/30/2021 92.0 Diagonal Call
TNA 07/30/2021 90.0 Diagonal Call
TNA 07/30/2021 79.0 Diagonal Put
TQQQ 07/30/2021 140.0 Diagonal Call
TQQQ 07/30/2021 135.0 Diagonal Call
TQQQ 07/30/2021 119/60 Bull Put Spread
TQQQ 07/30/2021 119.0 Diagonal Put
VXX 07/30/2021 46.0 Diagonal Calls
VXX 07/30/2021 42.0 Diagonal Call
VXX 07/30/2021 41.0 Diagonal Calls
VXX 07/30/2021 40.0 Diagonal Calls
VXX 07/30/2021 37.5 Diagonal Calls
VXX 07/30/2021 37.0 Covered Calls
VXX 07/30/2021 36.5 Covered Calls
VXX 07/30/2021 36.0 Covered Calls
VXX 07/30/2021 31.0 Covered Call
VXX 07/30/2021 29.0 Diagonal Puts #VXXContango
VXX 07/30/2021 28.5 Diagonal Puts #VXXContango
VXX 07/30/2021 28.0 Diagonal Puts #VXXContango
LABU Put roll
Since this went slightly in the money late in the day I’m rolling it down to go with the 56 put I rolled this morning.
Bought to Close LABU Jul 30 2021 55.0 Diagonal at $0.68. Sold this on 7/22 at $1.22 on a rolldown.
To replace it, Sold to Open LABU Aug 06 2021 50.0 Put at $0.98, so a $0.30 Credit on a 5 point reduction in the strike price
TNA Put Rolldown
Since it went slightly in the money about 3:00 I decided to roll this one.
Bought to close TNA Jul 30 2021 Diagonal 86.0 Put at $0.41. Sold this last week on a rolldown at $4.46
Replaced it with a TNA Aug 06 2021 77.0 Put at $0.71, or a $0.30 Credit with the new strike 9 points lower.
My short 79 Put and short 90 and 92 Calls will expire shortly
TLRY Put Rollout and Rolldown
After the earnings driven spike this week, I didn’t think I would have to cover these.
Bought to close TLRY Jul 30 2021 15.5 Diagonal Puts / Sold to open TLRY Aug 06 2021 15.5 Puts at $0.32 Credit.
Bought to close TLRY Jul 30 2021 15.0 Diagonal Puts / Sold to open TLRY Aug 06 2021 14.5 Puts at $0.10 Credit plus a $0.50 drop in the strike.
At least the many calls I sold on the move up are expiring today
TQQQ Call Rollout
Bought to Close TQQQ Jul 30 2021 120.0 Diagonal Calls / Sold to Open TQQQ Aug 06 2021 120.0 Calls at $0.56 Credit.
Not enough weakness in TQQQ today to roll them up.
Waiting for today’s 119 Puts and 135 & 140 Calls to expire
Options Bistro 