Added a tiny bit to my VRTX stock position at a new 52-week low at $180.00
#SP500 #FallingKnife
Author Archives: Option Iceman
BF/B BROWN FORMAN CORP CLASS B
One more stock buy at the close – A tiny buy at $67
Goodbye September!
#SP500 #FallingKnife
Markets
Time to BTFD??
AMC options have gone crazy
Sold AMC Oct 01 2021 75.0 Call at $0.47
Sold AMC Oct 01 2021 55.0 Call at $0.78
AMC is at 40 and peaked at 41.50 and these expire tomorrow 🙂
FDX Stock
Added to my tiny FDX stock position at $220.00 and at a new 52-week low.
Last week’s earnings report is still affecting the stock.
#SP500 #FallingKnife
MKC Stock
Bought a bit of MKC at a new low of 81.00.
Earnings just reported.
#SP500 #FallingKnife
SLV early assignment
Bought 100 SLV when 1 of my short 23 puts was assigned early.
Adjusted cost on the stock after put premium is about $21.18.
Of course a new 52-week low today at $19.83.
I’ll hold it and write covered calls on any rebound.
TQQQ early Call Rollup
Rolled half my position up.
Bought to close TQQQ Oct 01 2021 121.0 Call at $8.46. Sold last week for $17.05
Sold to Open 1 TQQQ Oct 08 2021 123.0 Call at $8.69.
VXX Put
Bought another VXX Mar 18 2022 15.0 Put at $0.69
171 Days to expiration
VXX Calls
More sales
Sold VXX Oct 01 2021 28.0 Calls at $0.87
Sold VXX Oct 01 2021 29.0 Call at $0.85
FDX MKTX
A couple of #SP500 stocks at fresh 52-week lows.
Added a small bit of FDX at $225 and MKTX at $409
#FallingKnife
LABU Put
Sold 1 LABU Oct 01 2021 55.0 Diagonal Put at $0.81
#OnlySpreads
VXX Puts
Bought 1 VXX Mar 18 2022 15.0 Put at $0.73
Bought 1 VXX Mar 18 2022 14.0 Put at $0.50.
I will start writing against these when the VIX settles down again.
#VXXContango
TQQQ Puts
Sold 1 TQQQ Oct 01 2021 128.0 Diagonal Put at $2.29
Sold 1 TQQQ Oct 01 2021 129.0 Diagonal Put at $2.22
Sold 2 TQQQ Oct 01 2021 120.0 Diagonal Puts at $0.62
Paired with short calls at 121 and 146 already in the account.
VXX Calls
Sold to Open some diagonal Calls replacing some that expired Friday:
VXX Oct 08 2021 34.0 Call at $0.38
VXX Oct 08 2021 33.0 Call at $0.40
VXX Oct 08 2021 32.0 Call at $0.51
KOLD
My first trade in KOLD since 2016 when I was trading strike 180 puts (what a fool!)
This has a lot less risk and is mostly a placeholder so I can watch it.
Bought to Open 1 KOLD May 20 2022 4.0 Put at $0.89
Sold to Open 1 KOLD Oct 15 2021 8.0 Put at $1.09.
Pretty decent ROI in a retirement account until the Oct expiration too.
#OnlySpreads
TSLA Diagonal Call
First time in this since April. Staying small.
Bought to open 1 TSLA Dec 17 2021 1,000 at $9.79
Sold to Open 1 TSLA Oct 01 2021 800 Call at $10.50
Short DTE = 4
Long DTE = 81
#OnlySpreads
SQQQ
Sold 1 SQQQ Oct 08 2021 8.5 Covered Call at $0.15
TLRY Calls
Sold TLRY Oct 01 2021 12.5 Covered Calls at $0.18 and $0.22 replacing calls that expired Friday
VXX Puts
New #VXXContango trade
Since I only have a few short puts left vs. dozens of long puts in 2022 and 2023, I’m venturing back in to this kind of trade
Bought VXX Nov 19 2o21 18.0 Puts/ Sold VXX Oct 01 2021 23.5 Puts @ $0.12 Credit
Short DTE = 4
Long DTE = 53
LABU Strangle
Sold 1 LABU Oct 01 2021 56.0 Diagonal Put at $0.82.
Sold 1 LABU Oct 01 2021 66 Diagonal Call at $1.52.
Total 56/66 Strangle premium of $2.34 for this week.
#OnlySpreads
TNA Call
Sold 1 TNA 10/01/2021 94.0 Diagonal Call at $1.38
VXX Covered Call Ladder
Sold VXX 10/08/2021 32.0 Covered Calls at $0.36
Sold VXX 10/15/2021 35.0 Covered Calls at $0.56
OptionsExpiration
Exciting week, especially for VXX
==EXPIRED ==
AMC 09/24/2021 70/42 Bear Call Spread
AMC 09/24/2021 10/38 Bull Put Spread
AMC 09/24/2021 10/37 Bull Put Spread
AMC 09/24/2021 10/36 Bull Put Spread
LABU 09/24/2021 70/67 Bear Call Spread
LABU 09/24/2021 40/59 Bull Put Spread
LABU 09/24/2021 40/58 Bull Put Spread
SQQQ 09/24/2021 8.0 Covered Call
TLRY 09/24/2021 12.5 Diagonal Calls
TLRY 09/24/2021 12.5 Covered Calls
TLRY 09/24/2021 10/11 Bull Put Spread
TLRY 09/24/2021 10.5 Diagonal Puts
TNA 09/24/2021 105/92 Bear Call Spread
TNA 09/24/2021 91.0 Diagonal Call
TQQQ 09/24/2021 165/150 Bear Call Spread
TQQQ 09/24/2021 120.0 Diagonal Puts
VXX 09/24/2021 59/41 Bear Call Spread
VXX 09/24/2021 58/37 Bear Call Spreads
VXX 09/24/2021 58/36 Bear Call Spreads
VXX 09/24/2021 35.0 Diagonal Calls
VXX 09/24/2021 34.5 Diagonal Calls
VXX 09/24/2021 34.0 Diagonal Calls
VXX 09/24/2021 33.5 Covered Call
VXX 09/24/2021 33.0 Covered Call
VXX 09/24/2021 32.5 Covered Call
VXX 09/24/2021 30.0 Covered Call
AMC TLRY VXX
Today’s Options Covered:
AMC Sep 24 2021 41.0 Call at $0.01
TLRY Sep 24 2021 12.0 Calls at $0.01
VXX Sep 24 2021 25.0 Puts at $0.01
VXX Sep 24 2021 24.5 Puts at $0.01
LABU TNA TQQQ Call Rolls
LABU 09/24/2021 61.0 Diagonal Call to LABU 10/01/2021 64.0 Call for $0.78 Credit
TNA 09/24/2021 88.0 Diagonal Call to TNA 10/01/2021 92.0 Call for $0.56 Credit
TNA 09/24/2021 87.0 Diagonal Call to TNA 10/01/2012 90.0 Call for $0.49 Credit
TQQQ 09/24/2021 142.0 Diagonal Call to TQQQ 10/01/2021 146.0 Call for $1.11 Credit
TQQQ 09/24/2021 141.0 Diagonal Call to TQQQ 10/01/2021 146.0 Call for $0.59 Credit
LW Stock
Bought a bit of LW at a fresh 52-week low of $60.00
#SP500 #FallingKnife
LW has confirmed that earnings will be announced 10/07/2021
TNA Call -1dte
Sold 1 TNA Sep 24 2021 92 Call at $0.53
AMC TLRY TNA – 1dte
Sold 1 AMC Sep 24 2021 42 Call at $0.89
Sold TLRY Sep 24 2021 12.5 Calls at $0.18
Sold 1 TNA Sep 24 2021 90 Call at $0.66
INCY Stock
Bought a tiny bit of INCY @ 170.00 adding to my first buy from 08/10 @ 175.00
#FallingKnife
FDX Stock
Bought a tiny bit of FDX @ 230.00
#FallingKnife
VXX Put scalp
Sold VXX 09/24/2021 25.0 Puts @ 0.06 against all the long term VXX Puts I was buying on Thursday, Friday & Monday.
2 DTE
#VXXContango
TQQQ Call Rollup
First time in a while that I’ve been able to roll this call up
Bought to close TQQQ 09/24/2021 120.0 Calls at $16.78. Sold last week on a roll at $24.94
Replaced it with TQQQ 10/01/2021 121.0 Calls at $17.05 for a $0.27 Credit + an extra point on the short strike
TNA TQQQ TLRY Calls
Sold 1 TNA Sep 24 2021 87.0 Diagonal Call at $1.04
Sold 1 TQQQ Sep 24 2021 142.0 Diagonal Call at $1.08
Sold TLRY Sep 24 2021 12.5 Covered Calls at $0.07
FDX HRL VRTX
#SP500 new lows this morning
#FallingKnife
COIN Put
Sold the last of my long Puts in COIN
Sold 1 COIN Oct 22 2021 175.0 Put at $1.65. Bought at $1.42 as a long hedge on a past diagonal spread.
No more risk positions in this name to deal with.
#WinWin
VXX Calls
Sold VXX Sep 24 2021 37.0 Diagonal Calls at $1.29 & $1.36.
Finally got close to the peak as they fell 50% by the close to $0.61
LABU
Sold 1 LABU Sep 24 2021 58.0 Diagonal Put at $2.20
VXX Calls
Sold VXX Sep 24 2021 36.0 Diagonal Calls at $1.15, $1.24 & $1.34
Markets
This could never happen again, right? (he says sarcastically)
NEM Stock
Bought a bit of NEM when it hit a new 52-week low at 54.0
#SP500 #FallingKnife
VXX Calls
Sold VXX Sep 24 2021 35.0 Diagonal Calls at $1.05, $1.09 & $1.16
VXX Puts
Bought some more long term Puts to write against once this move is over –
Bought 1 VXX Mar 18 2022 15.0 Put at $0.90
Bought 1 VXX Mar 18 2022 13.0 Put at $0.40.
Bought 1 VXX Jan 21 2022 18.0 Put at $0.80.
#VXXContango
TNA Put
Liquidated one of the long Puts held as a hedge against an old short put position that expired on 09/03.
Sold to close 1 TNA Oct 01 2021 70.0 Put at $1.85. Bought at $1.52.
#WinWin
TQQQ Put
Liquidated one of the long Puts held as a hedge against an old short put position that expired on 09/03.
Sold to close 1 TQQQ Oct 01 2021 100.0 Put at $0.86. Bought at $0.42.
#WinWin
LABU Put
Sold 1 LABU Sep 24 2021 59.0 Diagonal Put at $1.94.
Paired with a short LABU 67.0 Diagonal Call sold Friday for $2.60 giving me a 59/67 Strangle for a $4.54 total premium.
COIN Put
Liquidated one of the long Puts held as a hedge against an old short put position that expired on 09/10
Sold to close 1 COIN Oct 15 2021 170.0 Put at $0.80. Bought at $0.75.
#WinWin
UVXY
Selling off small pieces of my UVXY now that the Sep (pre-split) Calls expired Friday
Sold UVXY @ 26.60 on the open
Sold more UVXY @ 27.00
VXX
More trades
Sold 1 VXX Oct 08 2021 35.0 Diagonal Call at $1.60
Sold 1 VXX Oct 15 2021 40.0 Diagonal Call at $1.68
Bought 1 VXX Jan 21 2022 18.0 Put at $0.90 with part of the cash.
#VXXContango
VXX long calls
Exiting long Calls the were hedges for last week’s short calls that expired worthless
Sold to Close for gains:
VXX Oct 08 2021 54.0 Calls at $0.40 (bought at $0.34)
VXX Oct 08 2021 49.0 Call at $0.54 (bought at $0.48)
VXX Oct 08 2021 48.0 Calls at $0.70 (bought at $0.47)
#WinWin
VXX Covered Call Ladder
Sold to Open
VXX Sep 24 2021 34.5 Calls at $0.60
VXX Sep 24 2021 34.0 Calls at $0.63
VXX Sep 24 2021 33.5 Call at $0.59
VXX Sep 24 2021 33.0 Call at $0.65
VXX Sep 24 2021 32.5 Call at $0.90
They can have my stock at these prices
OptionsExpiration
A major expiration for me as well as the market in general.
A lot of old long hedges rolled off today along with many #DoubleDip and #TripleDip call and put writes against those positions.
Virtually all the longs were paid for within 5 days of their purchase because they were part of diagonal positions with the short side expiring within a week. That left them long for future re-writes.
== Expired==
AMC 09/17/2021 47.0 Diagonal Call
AMC 09/17/2021 50.0 Diagonal Call
AMC 09/17/2021 10/41 Bull Put Spreads
AMC 09/17/2021 10/40 Bull Put Spreads
COIN 09/17/2021 150/220 Bull Put Spread
COIN 09/17/2021 175/225 Bull Put Spread
LABU 09/17/2021 70.0 Diagonal Call
LABU 09/17/2021 35/58 Bull Put Spread
LABU 09/17/2021 40/59 Bull Put Spread
SLV 09/17/2021 20.0 Put
TLRY 09/17/2021 40/16 Bear Call Spread
TLRY 09/17/2021 33/16 Bear Call Spread
TLRY 09/17/2021 32/16 Bear Call Spread
TLRY 09/17/2021 29/16 Bear Call Spread
TLRY 09/17/2021 10/11.5 Bull Put Spreads
TNA 09/17/2021 105/93 Bear Call Spread
TNA 09/17/2021 105/88 Bear Call Spread
TNA 09/17/2021 55/82 Bull Put Spread
TQQQ 09/17/2021 170/150 Bear Call Spread
UVXY1 09/17/2021 9.0 Covered Calls (pre-split contract)
UVXY1 09/17/2021 8.0 Covered Calls (pre-split contract)
UVXY1 09/17/2021 7.0 Covered Calls (pre-split contract)
UVXY1 09/17/2021 6.0 Covered Calls (pre-split contract)
VXX1 09/17/2021 6.0 Diagonal Puts (pre-split contract)
VXX1 09/17/2021 5.0 Diagonal Puts (pre-split contract)
VXX 09/17/2021 80/35 Bear Call Spread
VXX 09/17/2021 65/33.5 Bear Call Spreads
VXX 09/17/2021 64/33 Bear Call Spreads
VXX 09/17/2021 60/32.5 Bear Call Spreads
VXX 09/17/2021 55/31.5 Bear Call Spread
VXX 09/17/2021 31.0 Diagonal Calls
VXX 09/17/2021 30.5 Diagonal Call
VXX 09/17/2021 30.0 Diagonal Calls
VXX 09/17/2021 29.0 Covered Calls
VXX 09/17/2021 28.5 Covered Calls
VXX 09/17/2021 28 Covered Calls
VXX 09/17/2021 27.5 Covered Calls
VXX 09/17/2021 20/24 Bull Put Spreads
VXX 09/17/2021 21/25 Bull Put Spreads
LABU Roll
Final trade today
Bought to close 1 LABU Sep 17 2021 65.0 Diagonal Call at $1.40. Sold on a roll last Friday at $2.70
Sold 1 LABU Sep 24 2021 67.0 Call at $2.60 for a $1.20 Credit plus a strike 2 points higher.
Markets
The VIX index is now up 10% + today at 21.05
Don’t know that it will stay that way but it’s worth watching
VXX Long Put
Bought another long put to act as a #VXXContango hedge for future writes.
Bought 1 VXX Mar 18 2022 13.0 Put at $0.56, adding to my buy from yesterday 0.10 lower.
Also Bought 1 VXX Jan 21 2022 15.0 Put at $0.33
I will start writing against them next week after my 24 and 25 short puts expire today.
(just for reference, I sold this week’s 25 puts for $0.76 last Friday)
LABU Rollup
Rolled 1 LABU Sep 17 2021 59.0 Diagonal Call to 1 LABU Sep 24 2021 61.0 Call at $0.05 Credit.
Waiting to see if my short 65 and 70 Calls & my short 58 and 59 Puts expire in about 2 hours.
TQQQ Puts
Sold TQQQ Sep 24 2021 120.0 Diagonal Puts at $0.49 & 0.50
Paired with short calls for next week.
VXX Call
Another rollout
Bought to close 1 VXX Sep 17 2021 54.0 Covered Call at $0.01. Sold a lifetime ago on 08/02 at at $1.14.
Replaced it with 1 VXX Oct 08 2021 34.0 Call at $1.03
TQQQ Major Rollup
Bought to close 1 TQQQ Sep 17 2021 144.0 Diagonal Call at $0.99. Sold last Friday on another roll at $7.85
Sold to Open 1 TQQQ Sep 24 2021 150.0 Call at $1.11.
A 6 point bump in the short strike and a $0.22 Credit.
I still have today’s short 150 Call that I’m waiting to expire.
VXX Call
Bought to close 1 VXX Sep 17 2021 38.0 Covered Call at $0.01. Sold at $1.06.
Replaced it with 1 VXX Oct 15 2021 38.0 Call at $1.03
TTWO VRTX
2 #FallingKnife #SP500 stocks at new Lows for today.
Bought a tiny amount of TTWO at $149.45 and some VRTX at $185, adding to my position.
My last buy in VRTX was June 15th at 190.
Stock I bought even earlier at $193.58 I sold on 07/16/2021 at $204.00
AMC Call Roll
Bought to Close 1 AMC Sep 17 2021 41.0 Diagonal Call at $4.44
Sold to Open AMC Sep 24 2021 41.0 Call at $5.23 for a $0.79 Credit.
Hoping my short 47 and 50 calls expire at the end of the day.
VXX Put rolldown
As is typical as we approach Friday, the VIX and VXX are both falling.
Bought to close 1 VXX Sep 17 2021 26.5 Put at $1.24. Sold last week on another rolldown at $1.98.
Sold to Open 1 Contract VXX Sep 24 2021 26.0 Put at $1.44 and gained another half point on the strike for next week.
Also bought some new long puts to act a #VXXContango hedges for future writes.
Bought 1 VXX Mar 18 2022 13.0 Put at $0.66
Bought 1 VXX Jan 21 2022 15.0 Put at $0.44
CTXS
Closing out a tiny long position in a former #FallingKnife.
Sold CTXS stock at $115. Bought this on 07/29 at $94.70 and never got to average down.
AMC Puts
Pairing with my numerous short calls for this week.
Sold AMC Sep 17 2021 41.0 Diagonal Puts at $0.56
Sold AMC Sep 17 2021 40.0 Diagonal Puts at $0.28
VXX Call
Sold 1 VXX Sep 17 2021 28 .0 Diagonal Call at $0.59
TLRY Puts
Sold TLRY Sep 17 2021 11.5 Diagonal Puts at $0.19 & again at $0.21
TNA Put
Sold 1 TNA Sep 17 2021 82.0 Diagonal Put at $1.72.
Paired with my short diagonal 88.0 Call for this week I now have a short 82/88 strangle with a $5.24 premium
Markets
Today’s chart.
What options on the top 5 stocks have the most trading volume?
VXX Covered Call Ladder
Sold 1 VXX Sep 17 2021 29.0 Call at $0.72
Sold 1 VXX Sep 24 2021 34.5 Call at $0.67
Sold 1 VXX Oct 01 2021 35.0 Call at $1.01
Sold 1 VXX Oct 08 2021 36.0 Call at $1.23
Sold 1 VXX Oct 15 2021 37.0 Call at $1.41
COIN Put
Sold 1 COIN Sep 17 2021 225.0 Diagonal Put at $1.15.
Replaces the COIN 09/10/2021 247.5 Diagonal Put that expired Friday
#DoubleDip #OnlySpreads
LABU Put
Sold 1 LABU Sep 17 2021 59.0 Diagonal Put at $1.10.
Paired with a couple of BCS positions for this week and replacing part of the 58.5 puts that expired Friday
OptionsExpiration
A small list because of all the rolls to next week.
AMC 09/10/2021 68/52 Bear Call Spread
COIN 09/10/2021 280.0 Diagonal Call
COIN 09/10/2021 350/275 Bear Call Spread
COIN 09/10/2021 247.5 Diagonal Put
LABU 09/10/2021 74.0 Diagonal Call
LABU 09/10/2021 71.0 Diagonal Calls
LABU 09/10/2021 58.5 Diagonal Puts
TLRY 09/10/2021 26/16 Bear Call Spreads
TLRY 09/10/2021 16.0 Covered Calls
TNA 09/10/2021 91.0 Diagonal Call
VXX 09/10/2021 45/34 Bear Call Spread
VXX 09/10/2021 45/32.5 Bear Call Spreads
VXX 09/10/2021 45/28.5 Bear Call Spreads
VXX 09/10/2021 24.0 Diagonal Puts
VXX Calls
VIX & VXX Spike so had to roll a couple and chose to roll others for a big jump in strike for next week.
Bought to close VXX Sep 10 2021 25.5 Calls at $0.96 (sold at 0.78)
Bought to close VXX Sep 10 2021 26.0 Calls at $0.52 & 0.56 (sold at 0.52 & 0.53)
Bought to close VXX Sep 10 2021 26.5 Calls at $0.19 (sold at 0.32)
Bought to close VXX Sep 10 2021 27.0 Calls at $0.12 (sold at 0.24)
Bought to close VXX Sep 10 2021 27.5 Calls at $0.04 (sold at 0.16)
Bought to close VXX Sep 10 2021 28.0 Calls at $0.02 (sold at 0.36)
Bought to close VXX Sep 10 2021 28.5 Calls at $0.02 (sold at 0.27)
Sold VXX Sep 17 2021 27.5 Calls at $1.01
Sold VXX Sep 17 2021 29.0 Calls at $0.77
Sold VXX Sep 17 2021 30.0 Calls at $0.59
Sold VXX Sep 17 2021 30.5 Calls at $0.62
Sold VXX Sep 17 2021 31.0 Calls at $0.49
Sold VXX Sep 17 2021 32.5 Calls at $0.66
Sold VXX Sep 17 2021 33.5 Calls at $0.33
TQQQ Call Rollup
Bought to Close TQQQ Sep 10 2021 148.0 Diagonal Call at $1.63. Sold last Friday on a roll at $4.84
To replace it, Sold to Open 1 TQQQ Sep 17 2021 150.0 Call at $3.09.
A 2 point gain on the strike plus $1.46 Credit
Options Bistro 