Sold 1 LABU Sep 03 2021 69.5 Call at $0.98
Sold 1 LABU Sep 03 2021 67.5 Call at $2.70
Author Archives: Option Iceman
AMC Puts
Looking to balance out my too numerous short calls
Sold AMC Sep 03 2021 40.0 Puts at $0.37
Sold AMC Sep 03 2021 39.0 Puts at $0.31
VXX Puts
Sold VXX SEP 03 2021 24.0 Puts at $0.14
VXX early Put roll
Rolled 1 VXX 09/03/2021 27.5 Put to 1 VXX 09/10/2021 27.0 Put @ 0.07 Credit and lowered the short strike 0.50 for an extra week
LABU Call
Sold 1 LABU Sep 03 2021 67.5 Call at $1.57
LABU at the top of it’s recent range
TLRY Option Ladder
Sold TLRY Sep 17 2021 16.0 Calls at $0.21, $0.25 and $0.30.
Extending my Covered Ladder
VXX1 – Old(pre-split) long Puts
Yesterday at the close:
Sold to close VXX1 Jan 21 2022 4.0 Puts at $0.34 (partial position).
Bought this lot on 03/30/2021 @ $0.08.
I’ll try to scale out of more at higher prices.
#VXXContango
VXX Contango Trade
Bought to open VXX Jan 21 2022 10.0 Puts / Sold to Open VXX Sep 03 2021 24.0 Puts at $0.02 Credit
Long DTE = 144
Short DTE = 4
VXX at 25.75
#VXXContango
COIN Calls
Sold 1 COIN Sep 03 2021 270.0 Diagonal Call at $2.85
Sold 1 COIN Sep 03 2021 280.0 Diagonal Call at $1.05
COIN and TNA Puts
Sold 1 COIN Sep 03 2021 237.5 Diagonal Put at $0.95.
Replaces the COIN 08/27/2021 180.0/247.5 Bull Put Spread that expired Friday.
Sold 1 TNA Sep 03 2021 85.0 Diagonal Put at $0.83
Replaces the TNA 08/27/2021 75.0 Diagonal Put that expired Friday and is paired with a some short calls for this week.
AMC Calls
Sold 1 AMC Sep 03 2021 44.0 Diagonal Call at $3.42
Sold 1 AMC Sep 03 2021 46.0 Diagonal Call at $2.04
Replaces the AMC 08/27/2021 41.0 Diagonal Call and AMC 08/27/2021 42.0 Diagonal Call that expired Friday
Premiums are much higher this week than last week.
VXX1 (pre-split) Puts
Several trades as I squeeze a bit more premium out of these:
Sold to close my last VXX1(pre-split) 09/17/2021 7.0 Put at $0.92
Acquired the entire position on these on 03/05/2021 at $0.15 as the long side of a long expired diagonal spread.
Sold to open VXX1 Sep 17 2021 6.0 Puts at $0.18 and $0.19
Sold against long VXX1 January 21 2022 6.0, 7.0 and 8.0 puts so no downside risk
#VXXContango
OptionsExpiration
The JHole meeting caused me to have to roll a lot of positions that were on the edge of expiring. TNA and LABU were up over 7% today.
== Expired ==
AMC 08/27/2021 41.0 Diagonal Call
AMC 08/27/2021 42.0 Diagonal Call
AMC 08/27/2021 43.0 Diagonal Call
COIN 08/27/2021 277.5 Diagonal Call
COIN 08/27/2021 180.0/247.5 Bull Put Spread
LABU 08/27/2021 51.0 Diagonal Put
LABU 08/27/2021 50.0 Diagonal Put
SQQQ 08/27/2021 9.5 Covered Call
TLRY 08/27/2021 23.0/16.0 Bear Call Spreads
TLRY 08/27/2021 11.0/12.5 Bull Put Spreads
TNA 08/27/2021 75.0 Diagonal Put
TQQQ 08/27/2021 90.0/120.0 Bull Put Spreads
VXX 08/27/2021 61.0/31.0 Bear Call Spreads
VXX 08/27/2021 60.0/31.0 Bear Call Spreads
VXX 08/27/2021 31.0 Covered Calls
VXX 08/27/2021 30.5 Covered Calls
VXX 08/27/2021 30.0 Covered Calls
VXX 08/27/2021 29.5 Covered Calls
VXX 08/27/2021 23.0/25.5 Bull Put Spreads
VXX 08/27/2021 22.0/25.5 Bull Put Spreads
VXX 08/27/2021 21.0/25.5 Bull Put Spreads
VXX 08/27/2021 20.0/25.0 Bull Put Spreads
AMC Call Rollup
Bought to Close AMC Aug 27 2021 40.0 Diagonal Calls at $0.43. Sold at $0.56 and $1.10 in the last 5 days.
Sold to Open AMC Sep 03 2021 45.0 Diagonal Calls at $1.67 to replace them.
Bumped the short strike 5 Points.
Letting my short 41, 42 and 43 calls expire
LABU Call Roll
Bought to close 1 LABU Aug 27 2021 57.5 Call / Sold to Open 1 LABU Sep 03 2021 58.5 Call at $0.05 Credit
TQQQ Call roll
Bought to Close 1 TQQQ Aug 27 2021 143.0 Call at $1.85(breakeven) / Sold to Open 1 TQQQ Sep 03 2021 146.0 Call at $2.07 for a $0.22 Credit and added 3 points to the short strike and pushed it back out of the money.
TQQQ Put
Bought to close 1 TQQQ Aug 27 2021 119.0 Put at $0.01. Sold last Friday at $0.74.
I’m letting my short 120 Put expire.
VXX Puts
Bought to Close VXX Aug 27 2021 26.0 Diagonal Puts at $0.32. Sold last week on a rolldown at $0.52
Replaced them with new VXX Sep 03 2021 25.0 Diagonal Puts at $0.43.
Sold to close another VXX1(pre-split) 09/17/2021 7.0 Put at $0.86 (partial position).
Acquired the entire position on these on 03/05/2021 at $0.15 as the long side of a long expired diagonal spread.
VXX
one last set of call scalps for tomorrow
Sold VXX 08/27/2021 29.5 Calls at $0.22
Sold VXX 08/27/2021 30.0 Calls at $0.12
VXX at 27.40
VXX Call Ladder and Put rolls
Sold VXX Sep 03 2021 32.5 Calls at $0.28 & 0.30
Sold VXX Sep 10 2021 32.5 Calls at $0.60, 0.63 & 0.72
Sold VXX Sep 17 2021 32.5 Calls at $1.03, 1.16 & 1.31.
Rolled this week’s VXX Aug 27 2021 28.0 Put to next week’s VXX Sep 03 2021 27.5 Put @ 0.14 Credit and a 0.50 gain on the short strike
Rolled this week’s VXX Aug 27 2021 27.0 Puts to next week’s VXX Sep 03 2021 26.0 Put @ 0.02 Credit and a 1.00 gain on the short strike.
Waiting on the remainder of this week’s puts to see if they can expire.
VXX Call Ladder
Sold 1 VXX Sep 03 2021 32.5 Call at $0.24
Sold 1 VXX Sep 10 2021 32.5 Call at $0.54
Markets
LABU Call
Sold 1 LABU Aug 27 2021 60.0 Diagonal Call at $2.21.
Paired with the LABU 50.0 put I rolled into last Friday at $3.10 that gives me a 50/60 short strangle for a $5.31 Premium for this Friday.
VXX Call
Bought to close 1 VXX Aug 27 2021 42.0 Covered Call at $0.01. Sold on 08/02 at $1.04
COIN Put
Sold 1 COIN Aug 27 2021 247.5 Put at $2.50.
Paired with the short COIN Aug 27 2021 277.5 Diagonal Call sold at $2.74 yesterday I now have a 247.5/277.5 Strangle for a total premium of $5.24 for this week.
TLRY Covered Call Ladder
Sold TLRY Sep 03 2021 16.0 Covered Calls at $0.13
Sold TLRY Sep 10 2021 16.0 Covered Calls at $0.23
Already short this week’s strike 16 calls.
AMC VXX late trades
Sold 1 AMC Sep 03 2021 40 Diagonal Call at $2.66
Sold VXX Aug 27 2021 30.0 Calls @ 0.21, 0.22 & 0.23
Sold VXX Aug 27 2021 30.5 Calls @0.19
TNA Call
Sold 1 TNA Aug 27 2021 86.5 Diagonal Call at $0.95
AMC Call
Sold 1 AMC Aug 27 2021 40.0 Diagonal Call at $1.10 replacing a similar call the expired Friday
AMC is at 37.50
VXX Puts
Sold VXX 08/27/2021 25.5 Diagonal Puts at $0.26, 0.28 and 0.30
LABU
Sold 1 LABU Aug 27 2021 57.5 Diagonal Call at $2.60.
Paired with the LABU 51.0 put I rolled into Friday at $2.90 that gives me a 51/57.5 short strangle for a $5.50 Premium for this week.
AMC COIN
Sold 1 AMC Aug 27 2021 43.0 Diagonal Call at $0.53.
Sold 1 COIN Aug 27 2021 277.5 Diagonal Call at $2.74
Replaces a similar calls that expired Friday.
VXX1 – Old(pre-split) long Puts
Sold to close 1 of my VXX1 09/17/2021 7.0 Puts at $0.76 (partial position).
Acquired the entire position on these on 03/05/2021 at $0.15 as the long side of a long expired diagonal spread.
Sold to close the last of my VXX1 Sep 17 2021 6.0 Puts at $0.16.
Acquired the entire position on these on 01/15/2021 at $0.09 as the long side of another long expired diagonal spread.
I will start selling more of the 6.0 Puts against long January VXX1 puts I still hold.
#VXXContango
OptionsExpiration
Expired:
AMC 08/20/2021 42.0 Diagonal Calls
AMC 08/20/2021 40.0 Diagonal Call
AMC 08/20/2021 10.0/24.0 Bull Put Spreads
COIN 08/20/2021 295.0 Diagonal Call
COIN 08/20/2021 300.0/275.0 Bear Call Spread
COIN 08/20/2021 300.0/265.0 Bear Call Spread
COIN 08/20/2021 145.0/237.5 Bull Put Spread
LABU 08/20/2021 55.0 Diagonal Call
SQQQ 08/20/2021 9.0 Covered Call
TLRY 08/20/2021 15.5 Covered Calls
TLRY 08/20/2021 23.0 Covered Calls
TLRY 08/20/2021 10.0/12.5 Bull Put Spreads
TNA 08/20/2021 106.0/85.0 Bear Call Spreads
TQQQ 08/20/2021 120.0 Diagonal Puts
VXX 08/20/2021 60.0/46.0 Bear Call Spreads
VXX 08/20/2021 56.0/38.0 Bear Call Spread
VXX 08/20/2021 55.0/31.0 Bear Call Spreads
VXX 08/20/2021 54.0/30.5 Bear Call Spreads
VXX 08/20/2021 30.5 Diagonal Calls
VXX 08/20/2021 30.0 Covered Calls
VXX 08/20/2021 29.5 Covered Calls
VXX 08/20/2021 29.0 Covered Calls
VXX 08/20/2021 22.0/26.5 Bull Put Spreads
VXX 08/20/2021 24.0/26.5 Bull Put Spreads
VXX 08/20/2021 26.5 Diagonal Puts #VXXContango
VXX 08/20/2021 26.0 Diagonal Puts #VXXContango
VXX 08/20/2021 25.0 Diagonal Put #VXXContango
TLRY Put Roll
Last trade today
Rolled TLRY 08/20/2021 13.0 Puts to TLRY 08/27/2021 12.50 Puts at $0.08 Credit but lowered the strike 0.50 to below the current stock price.
At least my short 12.50 puts for this week will expire.
TQQQ Call Roll
Never thought I would have to roll this after TQQQ started out at 127 yesterday morning.
Bought to close 1 TQQQ 08/20/2021 135.0 Diagonal Call at $0.58. Sold this on Wednesday at $1.12
Replaced it with TQQQ Aug 27 2021 140.0 Call at $1.07
Paired with the 119.0 Put I rolled to this morning that gives me a 119/140 Strangle premium of $1.81 for 1 week.
TNA Call
Sold 1 TNA 08/27/2021 85.0 Diagonal Call at $0.91.
Paired with the 75.0 Put I rolled to this morning that gives me a 75/85 Strangle premium of $3.76 for 1 week.
I also have a short 85 call expiring today
VXX Calls
Sold to Open VXX Sep 10 2021 32.5 Covered Calls at $1.13.
The strike is right at the VXX high for the last month.
AMC Calls
Bought to close 1 AMC Aug 20 2021 38 Call at $0.02. Sold last Friday at $1.12.
Bought to close 1 AMC Aug 20 2021 39 Call at $0.01. Sold Tuesday at $1.94.
Replaced them with 1 AMC Aug 27 2021 40.0 Call at $0.56 and 1 AMC Aug 27 2021 41.0 Call at $0.54
I also have short $40 and $42 calls expiring today
VXX Call Rollup
The only short VXX call position I was actually concerned about:
Bought to close VXX Aug 20 2021 28.5 Calls at $0.16. Sold on Monday and Tuesday at $0.53 and $0.65.
Replaced it with VXX Aug 27 2021 31.0 Calls at $0.48.
As 31.14 was the high for VXX this week, this seems like the correct strike.
My expiring 29, 29.5, 30, 30.5 and 31 short calls look safe now
TQQQ
Bought to close TQQQ Aug 20 2021 120.0 Put Net at $0.02 (partial position). Sold Monday at $0.40
Replaced it with TQQQ Aug 27 2021 119.0 Put at $0.74
LABU Rolldowns
Rolled this week’s 52.0 Put to next week’s 50.0 Put for $0.15 Credit
Rolled this week’s 53.0 Put to next week’s 51.0 Put for $0.40 Credit.
I guess I pulled the trigger too soon on the strike 50’s earlier and probably on these too 😦
Also the TNA roll was early too.
TNA LABU Rolldowns
I said these would be easy to roll:
Bought to Close 1 TNA Aug 20 2021 79.0 Put / Sold to Open 1 TNA Aug 27 2021 75.0 Put at $0.05 Credit
Bought to Close 1 LABU Aug 20 2021 50.0 Put / Sold to Open 1 LABU Sep 03 2021 45.0 Put at $0.15 Credit.
(Why are there no strike prices available in LABU below 50 except for the strike 45?? What about a 49 or 48?)
Markets
FMC
Another #SP500 stock hitting a new yearly low.
Bought a small bit of FMC at $90, adding to my position.
#FallingKnife
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

