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.
Author Archives: Option Iceman
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.
LABU Strangles
Sold 1 LABU Nov 05 2021 50/60 Strangle at $1.52
Sold 1 LABU Nov 05 2021 50/61 Strangle at $1.45
VXX Covered Calls
Sold VXX Nov 05 2021 25.0 Calls at $0.17
Sold VXX Nov 05 2021 26.0 Calls at $0.12
TNA Calls
I had some extra, long TNA Calls in the account left over from old Diagonal spreads.
Dumped the ones expiring this week at a gain while holding onto longer dated calls.
Sold to close TNA Nov 05 2021 105.0 Calls at $0.45. Bought on 10/13 at $0.36 and $0.38.
These might be a short candidate too.
LABU Call
Sold 1 LABU Nov 05 2021 58.5 Call at $1.26 replacing one of the calls that expired Friday.
#OnlySpreads
COIN Stock
Sold off another lot at $330.00 this morning. Bought on 05/06 at $260.00
TNA Call
Sold 1 TNA Nov 05 2021 99.0 Call at $0.79 replacing one of the calls that expired Friday.
#OnlySpreads
OptionsExpiration
Market was supposed to be weak today. That lasted about 30 seconds.. BTFD!!
EXPIRED:
AMC 10/29/2021 65/38 Bear Call Spreads
AMC 10/29/2021 24/34 Bull Put Spreads
BITO 10/29/2021 39.0 Diagonal Put
LABU 10/29/2021 57.0 Diagonal Call
LABU 10/29/2021 55.0 Diagonal Call
LABU 10/29/2021 50.0 Diagonal Put
LABU 10/29/2021 45/49 Bull Put Spreads
SLV 10/29/2021 18/22 Bull Put Spreads
TNA 10/29/2021 97.0 Diagonal Call
TNA 10/29/2021 95.0 Diagonal Call
TSLA 10/29/2021 715/910 Bull Put Spread
VXX 10/29/2021 54/25 Bear Call Spread
VXX 10/29/2021 25.0 Covered Calls
VXX 10/29/2021 24.0 Covered Calls
VXX 10/29/2021 23.0 Covered Calls
TQQQ Call Rolls
Last trade of the day
Bought to close 1 TQQQ Oct 29 2021 154.0 Call at $0.54. Sold yesterday as a scalp trade at $0.94 but it just went in the money.
Replaced it with 1 TQQQ Nov 05 2021 157.5 Call at $2.23
EDIT: had to do one more:
Bought to close 1 TQQQ Oct 29 2021 155.0 Call at $0.42. Sold yesterday as a scalp trade at $0.68 but it just went in the money.
Replaced it with 1 TQQQ Nov 05 2021 160.0 Call at $1.79
TSLA Call Rolled
Well this one didn’t work out very well so far but ….
Rolled this week’s TSLA 1050.0 Diagonal Call to next week’s TSLA 1080.0 Call at $0.59 Credit + 30 points better
PNW Stock
#SP500 stock at a new low today
Bought a tiny bit at $65.00
#FallingKnife
TSLA Puts
Bought to Close my TSLA 840/910 Bull Put Spread at $0.03. Sold yesterday at $0.65
VXX Puts Rolled down
Last ones for this week
Bought to close VXX Oct 29 2021 22.0 Puts at $0.59. Sold last Friday on a rolldown at $1.13
To replace it Sold to Open VXX Nov 05 2021 21.5 Puts at $0.72
TQQQ Call Rolls
Bought to close 1 TQQQ Oct 29 2021 137.0 Call / Sold 1 TQQQ Nov 05 2021 137.0 Call at $0.55 Credit
Bought to close 1 TQQQ Oct 29 2021 142.0 Call / Sold 1 TQQQ Nov 05 2021 143.0 Call at $0.19 Credit + a point better
Bought to close 1 TQQQ Oct 29 2021 145.0 Call / Sold 1 TQQQ Nov 05 2021 147.0 Call at $0.05 Credit + 2 points better
Bought to close 1 TQQQ Oct 29 2021 150.0 Call / Sold 1 TQQQ Nov 05 2021 155.0 Call at $0.12 Credit + 5 points better
Waiting to see if my 154 and 155 Calls expire this afternoon
SLV Calls Rolled up
Bought to close SLV Oct 29 2021 22.0 Covered and Diagonal Calls at $0.09 and $0.13.
Sold last Friday on a roll at $0.86, $0.87 and $0.88.
Replaced them with SLV Nov 05 2021 22.5 Calls at $0.13 and $0.15.
My timing on rolling my SLV puts yesterday worked out
LABU at the close
1DTE scalp trade
Sold LABU Oct 29 2021 57.0 Call at $0.30
VXX Puts rolled out
Bought to close VXX Oct 29 2021 25.0 Puts and sold next week’s at $0.20 Credit
Bought to close VXX Oct 29 2021 24.5 Puts and sold next week’s at $0.27 Credit
SLV Puts
Bought to close SLV Oct 29 2021 23.0 Puts at $0.71. Sold on a roll last Friday at $0.82.
Sold SLV Nov 05 2021 23.0 Puts at $0.80.
Waiting for Silver to breakout to the upside given the inflation outlook.
It’s sure not doing anything today
LABU Call
Sold 1 LABU Oct 29 2021 55.0 Call at $0.63.
Expires tomorrow and paired with short 50 & 49 Puts too.
#OnlySpreads
PCAR Stock
Sold my tiny position at $89.33
Bought on 10/05 at $78.00 and was never able to average down
Former #FallingKnife
TSLA Call Rollup
Rolled up this week’s TSLA 870.00 Call to next week’s TSLA 875.00 Call @ .07 Credit.
Lowered my spread requirement by $500
AMC Call Rolled
Rolled this week’s AMC 30.0 Call to next week for a $0.40 Credit
VXX Puts rolled down
Bought to close VXX Oct 29 2021 23.5 Puts at $1.90. Sold last Friday at $2.39
Sold to Open VXX Nov 05 2021 23.0 Puts at $1.92 so a tiny credit but gained $0.50 on the short strike.
GPN
A 2nd #SP500 stock hits a new low today
Added a tiny bit at $145.00
GPN has confirmed that earnings will be announced 11/02/2021. The consensus earnings are $2.15, with a high and low of $2.24 and $2.08
#FallingKnife
TSLA Put Spread
Straight Bull Put Spread paired with the Diagonal Call spread done earlier
Sold 1 TSLA Oct 29 2021 715 / 910 Put Spread at $1.07 Credit
2DTE
TSLA
Chancing one more spread with the stock at an all time high, playing for a slight pullback by Friday.
Bought to Open 1 TSLA Dec 17 2021 1,250.0 at $29.20
Sold to Open 1 TSLA Oct 29 2021 1,050.0 Call at $31.80
$2.60 Initial Credit. Range so far today 1033 to 1064
#OnlySpreads
LABU Puts
Sold LABU Oct 29 2021 49.0 Puts at $0.55.
#OnlySpreads
WU Stock
Another #SP500 stock at a new low. Bought some at $19.00.
#Earnings on 11/02
#FallingKnife
TNA and TQQQ
Sold 1 TNA Oct 29 2021 97.0 Call at $1.32
Sold 1 TQQQ Oct 29 2021 150.0 Call at $2.55
#OnlySpreads
TSLA
Quote from ZeroHedge ….
If you, like us, are watching the insane meltup in TSLA which not only topped $1 trillion in market cap today, but has gained more than $140 billion since opening, a value that is almost as big as the market cap of GM and Ford, and is now rising by $1 billion every 5 seconds…
KOLD
Sold 1 KOLD Nov 19 2021 5.0 Put at $0.60 against my last remaining long May 2023 3.0 Put.
#DoubleDip
VXX1 Puts
Old pre-split contracts.
Sold my last lot of VXX1 Jan 21 2022 5.0 Puts at $0.67. Bought this lot on 03/16/21 at $0.16 and I wrote against them until September 2021 when the last logical write could be done.
I also have long 6.0, 7.0 and 8.0 VXX1 puts for January 2022 but since they are effectively in the money, I’m more likely to exercise those as a way of dumping a good portion of my long VXX stock before year end.
At least that is the current plan.
#VXXContango
COIN Stock
Next lot of stock sold at $320.00
Bought this on 5/04/2021 at $280.00.
Average cost on my remaining shares now down to 246.
Its getting KOLD again
Bought to Open 1 KOLD May 20 2022 4.0 Put / Sold to Open 1 KOLD Nov 19 2021 7.0 Put at $0.30 Credit.
Bought to Open 1 KOLD May 20 2022 3.0 Put / Sold to Open 1 KOLD Nov 19 2021 6.0 Put at $0.25 Credit.
Also sold 1 KOLD Nov 19 2021 6.0 Put at $0.95 against a leftover long from last month’s short diagonal call that expired.
Still have one excess (fully paid for) long May call to write against.
LABU Put
Sold 1 LABU Oct 29 2021 50.0 Put at $0.87 replacing Puts that expired Friday
OptionsExpiration
==Expired==
AMC 10/22/2021 37.0 Diagonal Call
AMC 10/22/2021 39.0 Diagonal Call
AMC 10/22/2021 40.0 Diagonal Calls
AMC 10/22/2021 65/43 Bear Call Spreads
LABU 10/22/2021 61.0 Diagonal Call
LABU 10/22/2021 58.0 Diagonal Call
LABU 10/22/2021 51.0 Diagonal Put
LABU 10/22/2021 49.0 Diagonal Put
SQQQ 10/22/2021 9.0 Covered Calls
TLRY 10/22/2021 14.0 Covered Calls
TLRY 10/22/2021 15.5 Diagonal Calls
TNA 10/22/2021 105/94 Bear Call Spread
TNA 10/22/2021 110/94 Bear Call Spread
TQQQ 10/22/2021 180/143 Bear Call Spreads
TQQQ 10/22/2021 80/122 Bull Put Spreads
VXX 10/22/2021 56/36 Bear Call Spread
VXX 10/22/2021 50/28.5 Bear Call Spread
VXX 10/22/2021 28.0 Diagonal Call
VXX 10/22/2021 27.5 Diagonal Call
VXX 10/22/2021 27.0 Diagonal Call
VXX 10/22/2021 26.5 Diagonal Call
VXX 10/22/2021 26.0 Covered Calls
VXX 10/22/2021 22.0 Covered Calls
VXX 10/22/2021 21.5 Diagonal Puts #VXXContango
TNA Call Rollup
Last minute trade
Bought to close 1 TNA Oct 22 2021 92.5 Call at $0.38. Sold this on 10/15/21 at $2.34.
Replaced it with a TNA Oct 29 2021 95.0 Call at $1.01
TQQQ Call Rollup
Bought to close 1 TQQQ Oct 22 2021 141.0 Call at $0.96. Sold this on Monday at $1.20.
Replaced it with 1 TQQQ Oct 29 2021 145.o Call at $1.73
Waiting for a couple of 143 calls to expire in an hour
TSLA Call Rollup
Rolling the last of my three short calls written against my long December Calls.
Bought to Close 1 TSLA Oct 22 2021 890.0 Call / Sold to Open 1 TSLA Oct 29 2021 910.0 Call at $0.45 Credit.
The original spread from Monday was actually working. I was down less than a point on the short and up over 6 points on the long.
BITO Puts
First trade in this name. Staying small.
Bought to open 1 BITO Dec 17 2021 27.0 Put at $0.52
Sold to Open 1 BITO Oct 29 2021 37.0 Put at $0.62.
#OnlySpreads
GOOGL
I don’t trade this but i thought I would share the chart. Looks bearish to me
VXX Put Rolldown
Bought to close VXX Oct 22 2021 22.5 Puts/ Sold to Open VXX Oct 29 2021 22.0 Puts at $0.03 Credit. More importantly I lowered the short strike $0.50.
Also rolled a big VXX Oct 22 2021 23.50 Put position to next week’s 23.50 Puts for a $0.30 Credit.
TQQQ Rollup
Bought to close 1 TQQQ Oct 22 2021 136.0 Call / Sold to Open 1 TQQQ Oct 29 2021 137.0 Call at $0.27 Credit.
Bought to close 1 TQQQ Oct 22 2021 139.0 Call / Sold to Open 1 TQQQ Oct 29 2021 142.0 Call at $0.10 Credit.
TSLA Call Rollups
Rolling two of my three short calls written against my long December Calls.
Bought to Close 1 TSLA Oct 22 2021 830.0 Call / Sold to Open 1 TSLA Oct 29 2021 835 Call at $1.05 Credit.
Bought to Close 1 TSLA Oct 22 2021 860.0 Call / Sold to Open 1 TSLA Oct 29 2021 870 Call at $1.05 Credit.
Added another $200 in cash to the account and lowered my spread requirements $1500.
I believe that I will be able to roll these up weekly until they finally expire.
SLV Puts
Bought to Close SLV Oct 22 2021 22.5 Puts at $0.05.
I’ve been rolling this position weekly (laterally and for credits each time) for a couple of months after I got too aggressive on Silver.
Sold this last week at $0.89 on a roll.
VXX1 Puts
Old pre-split contracts.
Sold VXX1 Jan 21 2022 5.0 Puts at $0.62. Bought this lot on 02/03/21 at $0.08
One last lot to go.
TTWO stock
Sold my small bit of TTWO at $175.55.
Bought this on 09/17 at $149.45 and I was never able to average down.
VXX Puts
A new #VXXContango spread
Bought to Open VXX Jan 21 2022 15.0 Puts / Sold to open VXX Oct 22 2021 21.5 Puts at $0.03 Credit.
Long DTE = 93
Short DTE = 2
VXX1 Puts
I continue to liquidate this old per-split position
Sold to close VXX1 Jan 21 2022 5.0 Puts at $0.57 (equal to strike 20 Puts at $2.28)
Bought these in the winter of 2020.
I have more that I will try to sell even higher.
2 lots to go
TQQQ Call
Sold 1 TQQQ Oct 22 2021 143.0 Call at $1.87
COIN Stock
Sold off my first and highest cost lot of COIN at $313.00.
Bought this on 4/21/2021 at $310.00.
Averaged down over the next few months and my avg cost is about 262.
BITO
Following the record volume for an ETF’s opening day yesterday for the first Bitcoin (futures) ETF, today could be even more ‘exciting’ as options on the ProShares Bitcoin Strategy ETF (BITO) start trading on the NYSE Arca Options and NYSE American Options exchanges. BITO is trading at yesterday’s highs in the pre-market…
The fund made history, not just for being the first Bitcoin futures exchange-traded fund to trade in the U.S., but also for recording the highest ever “natural” day one trading volume.
A total of 24.313 million shares were traded on Tuesday and the fund ended the day with about $1 billion in trading volume, according to Bloomberg’s ETF Strategist Eric Balchunas.
TSLA
One last one into #Earnings
Bought to Open 1 TSLA Dec 17 2021 990.0 Call at $14.31
Sold to Open 1 TSLA Oct 22 2021 890.0 Call at $14.61.
Hopefully the stock is up in anticipation, down on the news. 🙂
TQQQ
Sold 1 TQQQ Oct 22 2021 141.0 Call at $1.20.
Paired the the 122 Puts sold this morning for a 122/141 strangle
LABU
Added to my LABU put position
Sold LABU Oct 22 2021 49.0 Puts at $1.21
LABU TQQQ
Sold 1 LABU Oct 22 2021 51.0 Put at $1.34
Sold TQQQ Oct 22 2021 122.0 Puts at $0.74
replacing positions that expired Friday
TSLA
New TSLA Diagonal into #Earnings
Bought to Open 1 TSLA Dec 17 2021 960.0 Call at $13.56
Sold to Open 1 TSLA Oct 22 2021 860.0 Call at $16.23.
Initial Credit $2.67
Short DTE = 5
Long DTE = 60
OptionsExpiration
The relentless rebound from Monday’s low really ruined a potentially big week.
Had to roll too many calls.
It may be better next week.
==Expired==
AMC 10/15/2021 20/34 Bull Put Spreads
KOLD 10/15/2021 6.0 Diagonal Put
LABU 10/15/2021 80/58 Bear Call Spread
LABU 10/15/2021 90/58 Bear Call Spread
LABU 10/15/2021 49.0 Diagonal Put
TLRY 10/15/2021 9.0 Diagonal Puts
TNA 10/15/2021 50/82 Bull Put Spreads
TQQQ 10/15/2021 70/119 Bull Put Spread
TNA 10/15/2021 80/120 Bull Put Spread
VXX 10/15/2021 71/40 Bear Call Spread
VXX 10/15/2021 70/39 Bear Call Spread
VXX 10/15/2021 69/38 Bear Call Spread
VXX 10/15/2021 61/37 Bear Call Spreads
VXX 10/15/2021 60/36 Bear Call Spreads
VXX 10/15/2021 59/35 Bear Call Spreads
VXX 10/15/2021 55/34 Bear Call Spreads
VXX 10/15/2021 45/32.5 Bear Call Spreads
VXX 10/15/2021 29.0 Covered Calls
VXX 10/15/2021 28.5 Covered Calls
VXX 10/15/2021 28.0 Covered Calls
VXX Puts
Last trade today
Bought to Close VXX Oct 15 2021 22.5 Puts at $0.01
AMC Call Rolls
Bought to close 1 AMC Oct 15 2021 37 .0 Call / Sold to Open 1 AMC Oct 22 2021 37.0 Call at $0.41 Credit
Bought to close 1 AMC Oct 15 2021 38 .0 Call / Sold to Open 1 AMC Oct 22 2021 39.0 Call at $0.01 Credit plus a point better on the strike.
Bought to close AMC Oct 15 2021 39 .0 Calls / Sold to Open AMC Oct 22 2021 40.0 Calls at $0.38 Credit plus a point better on the strike.
Bought to close AMC Oct 15 2021 40 .0 Calls / Sold to Open AMC Oct 22 2021 43.0 Calls at $0.09 Credit plus 3 points better on the strike.
TSLA Roll into Earnings
Bought to close 1 TSLA Oct 15 2021 810.0 Diagonal Call / Sold to Open 1 TSLA Oct 22 2021 830.0 at $0.10 Credit.
Still holding my December 1000 long call position
TQQQ Rollups and Rollout
Bought to close 1 TQQQ Oct 15 2021 134.0 Call at $0.85. Sold on 10/11 at $1.12.
To replace it, Sold to Open 1 TQQQ Oct 22 2021 139.0 Call at $1.07 (5 points higher for next week)
And later —
Bought to close 1 TQQQ Oct 15 2021 125.0 Call / Sold to Open 1 TQQQ Oct 22 2021 125.0 Call at $0.77 Credit.
Bought to close 1 TQQQ Oct 15 2021 127.0 Call / Sold to Open 1 TQQQ Oct 22 2021 128.0 Call at $0.05 Credit plus an extra point on the strike price.
Bought to close 1 TQQQ Oct 15 2021 133.0 Call / Sold to Open 1 TQQQ Oct 22 2021 136.0 Call at $0.24 Credit plus an extra 3 points on the strike price.
TNA Call Rollups
Bought to close 1 TNA Oct 15 2021 90.0 Call / Sold to Open 1 TNA Oct 22 2021 92.5 Call at $0.16 Credit plus a 2.5 point bump up in the short strike.
Bought to close 1 TNA Oct 15 2021 90.5 Call / Sold to Open 1 TNA Oct 22 2021 94.0 Call at $0.11 Credit plus a 3.5 point bump up in the short strike.
Markets
$703bn of single stock options will expire today (15-Oct), the 3rd highest notional for a non-January expiration.
VXX Put Rolls
Bought to close VXX Oct 15 2021 23.5 Puts / Sold to Open VXX Oct 22 2021 23.5 Puts @ $0.31 Credit
Bought to close VXX Oct 15 2021 23.0 Puts / Sold to Open VXX Oct 22 2021 22.5 Puts @ $0.19 Credit plus an extra 0.50 improvement in the short strike.
KOLD Puts
Bought to close KOLD Oct 15 2021 7.0 Puts at $0.05. They won’t trade any lower.
Sold on 09/27 at $0.90 and again on 09/28 at $1.46.
I now have some free May 2022 Puts to write against for next month.
LABU Call Rollups
Bought to close 1 LABU Oct 15 2021 55.0 Call/ Sold to Open 1 LABU Oct 22 2021 58.0 Call at $0.05 Credit plus a 3 point bump in the short strike.
Bought to close 1 LABU Oct 15 2021 57.0 Call at 0.45. Sold on 10/11 at $0.92.
To replace it I sold 1 LABU Oct 22 2021 61.0 Call at $0.70.
VXX Calls
Bought to close VXX Oct 15 2021 28.0 Calls at $0.01. Sold these on 10/11 at $0.24 and $0.25
Options Bistro 