Missed this trade from yesterday as it is in a side account
Bought to open 1 VXX Jan 21 2022 15 Put Limit at $0.60.
#VXXContango
Author Archives: Option Iceman
TQQQ call
Sold to close 1 TQQQ 07/30/2021 135.0 Call @ 1.01. Dumping it as I think it is destined to expire with the strike price above the all-time high of 134.08.
Bought it on 06/21 at $0.81 as the long side of a diagonal spread.
The short has already expired so a #WinWin trade
I think this might be a good one to short for next week as well.
TNA Calls
Sold TNA Jul 23 2021 88.5 Diagonal Calls at $0.54.
Paired with existing short 88.50 & 82.50 Diagonal Puts creating one 88.50 straddle and one 82.50/88.50 strangle.
TNA is up 7 points today
New VXX Contango Trades
Bought to open VXX Jun 16 2023 5.0 Put/ Sold to Open VXX Jul 23 2021 30.5 Put at $0.07 Credit.
Short DTE = 3
Long DTE = 696
Bought to open VXX Jun 16 2023 5.0 Puts/ Sold to Open VXX Jul 30 2021 28.5 Puts at $0.07 Credit.
Short DTE = 10
Long DTE = 696
#VXXContango
Markets
- What downside warning?
TLRY
Sold TLRY Jul 23 2021 15.5 Covered Calls at $0.11
Sold TLRY Jul 23 2021 16.00 Diagonal Calls at $0.09.
vs stock put to me Friday
VXX early Put rolldown
Using the elevated stock price to do an early rolldown
Bought to close VXX Jul 23 2021 32.0 Diagonal Put at $0.97. Sold last week on a roll at $3.53.
Replaced it with a short VXX Jul 30 2021 30.5 Diagonal Put at $1.14 for a 0.17 Credit.
Dropped the short strike 1.50 points and pushed it out of the money.
VXX
Setting up new long Puts for future #VXXContango trades
Bought to Open VXX Oct 15 2021 19.0 Put at $0.25 (brand new expiration month)
Bought to Open VXX Sep 17 2021 21.0 Put at $0.15 (adding to my position)
AMC
Sold 1 AMC Jul 23 2021 42.0 Diagonal Call at $1.12
Replaces a similar call that expired Friday.
Markets
- From ZeroHedge
Goldman Says “Don’t Buy This Dip” And Here’s Why…
“99% of S&P500 companies are in buyback blackout period into next week and quant flows remain asymmetric on the supply side (AKA CTA sellers will win this tug of war).”
COIN
Sold 1 COIN Jul 23 2021 195 Diagonal Put at $0.89
#OnlySpreads #TripleDip
TQQQ
Sold 1 TQQQ Jul 23 2021 110.0 Put at $1.02.
Coming into today I was long one of these. Now I’m short
#OnlySpreads
VXX to the moon
- until the first bounce in the market
Sold 1 VXX Jul 23 2021 36.0 Call at $2.63
Sold 1 VXX Jul 23 2021 37.0 Call at $2.29
LABU Put
Sold to close one of my extra long LABU Aug 20 2021 40.0 Puts at $1.05.
Bought it on 06/22 at $0.77 as part of a diagonal spread where the short is already gone.
#WinWin
TQQQ Put
Sold 1 close 1 TQQQ Jul 23 2021 110.0 Put at $0.90.
Bought it on Thursday at $0.54 as the long side of a quick hit diagonal put spread where the short expired Friday
#WinWin
VXX Continues to run
Sold 1 VXX Jul 23 2021 35.0 Covered Call at $1.92
VXX Trades
Sold to open 1 VXX Jul 23 2021 34.0 Covered Call at $1.67.
Took part of the proceeds and Bought to open 1 VXX Jan 21 2022 15 Put at $0.60 as a #VXXContango trade
AMC Puts
Sold AMC Jul 23 2021 23.0 Diagonal Puts at $0.38.
Replaces similar puts that expired Friday
#OnlySpreads
VXX Trades
Sold to open 1 VXX Jul 23 2021 33.0 Covered Call at $1.84.
Took part of the proceeds and Bought to open 1 VXX Sep 17 2021 21 Put at $0.33 as a #VXXContango trade
OptionsExpiration
A main monthly expiration – as a bunch of long hedges roll off along with the latest shorts.
== Expired ==
AMC 07/16/2021 38.0 Diagonal Call
AMC 07/16/2021 40.0/60.0 Bear Call Spreads
AMC 07/16/2021 43.0/65.0 Bear Call Spread
AMC 07/16/2021 46.0/70.0 Bear Call Spread
AMC 07/16/2021 23.0/10.0 Bull Put Spreads
AMC 07/16/2021 24.0/10.0 Bull Put Spread
AMC 07/16/2021 25.0/10.0 Bull Put Spreads
AMC 07/16/2021 26.0/11.0 Bull Put Spreads
AMC 07/16/2021 27.0/15.0 Bull Put Spreads
COIN 07/16/2021 210.0 Diagonal Put
SLB 07/16/2021 30.5/42.5 Bear Call Spreads
SLB 07/16/2021 30.5 Diagonal Calls
SQQQ 07/16/2021 10.5 Covered Calls
TLRY 07/16/2021 17.5 Covered Call
TLRY 07/16/2021 16.5/30.0 Bear Call Spreads
TNA 07/16/2021 123.0/50.0 Bull Put Spread
TNA 07/16/2021 124.0 Diagonal Put
TNA 07/16/2021 125.0 Diagonal Put
TNA 07/16/2021 129.0 Diagonal Call
VXX 07/16/2021 32.5/47.0 Bear Call Spreads
VXX 07/16/2021 33.0/47.0 Bear Call Spreads
VXX 07/16/2021 36.0/60.0 Bear Call Spreads
VXX 07/16/2021 46.0/80.0 Bear Call Spreads
VXX 07/16/2021 28.5/27.0 Bull Put Spreads
VXX 07/16/2021 28.0/25.0 Bull Put Spreads
VXX 07/16/2021 27.50 Diagonal Puts #VXXContango
VXX1 07/16/2021 7.0 Calendar Puts #VXXContango
== Assignments ==
TLRY 07/16/2021 28.0 Put – adj stock cost after put premium is 16.18
TLRY 07/16/2021 23.0 Puts – adj stock cost after put premium is 15.58
TLRY Put Rollouts
Rolled TLRY 07/16/2021 15.5 Diagonal Puts out a week @ 0.10 Credit
Rolled TLRY 07/16/2021 15.0 Diagonal Puts out a week @ 0.22 Credit
VXX1 Long Puts
Closed part of my long position – an unexpected fill at the asking price with the stock moving up.
Sold to close VXX1 Jan 21 2022 4.0 Puts at $0.27. Bought on 3/30/2021 @ $0.07
The long side of an old #VXXContango trade.
VXX Call Ladder
Bought to close 1 VXX 07/16/2021 32.5 Covered Call at 0.01. Sold last Friday @ 0.42.
Bought to close VXX 07/16/2021 33.0 Covered Call at 0.01. Sold 3 days ago @ 0.20
Bought to close VXX 07/16/2021 33.5 Covered Calls at 0.01. Sold 3 days ago @ 0.15
Bought to close VXX 07/16/2021 34.0 Covered Calls at 0.01. Sold 3 days ago @ 0.14
Replaced them with:
VXX 07/26/2021 34.5 Covered Calls @ $0.47.
VXX 07/26/2021 34.0 Covered Calls @ $0.51.
VXX 07/26/2021 33.5 Covered Call @ $0.57.
VXX 07/26/2021 33.0 Covered Call @ $0.64
My experience with VXX is that next week’s calls will lose a bit of premium over the weekend, even if the stock is up on Monday.
And … they can have my stock at these new strike prices.
Options
On ZeroHedge : options trading has been concentrated in a handful of stocks, with 64% of all trading this month in just 5 names (AMZN, TSLA, AAPL,NVDA, GOOGL) ……
investors have increasingly focused on trading ultra short-dated options; options with less than 2 weeks to expiry comprise 75% of all trades …….
What is notable is that whereas recent bursts of option activity which culminated in the first quarter of 2021 targeted meme stocks, this time the call buyers are going for the FAAMGs themselves. It remains unclear if buyers of call are institutions or retail buyers – it is reasonable that if a big names was behind the ramp it would have leaked by now – it is certainly the case that absent continued option inflows, the push higher in the gigatech “generals” – which have almost single-handedly managed to push stocks to all time highs even as market breadth has collapsed…
UVXY1 Calls
Took advantage of some absurdly wide bid/ask spreads to sell more “old” strike UVXY Covered calls.
Sold 1 UVXY1 Sep 17 2021 6.0 Covered Call at $0.33
Sold UVXY1 Sep 17 2021 7.0 Covered Calls at $0.20 and $0.24
Sold UVXY1 Sep 17 2021 8.0 Covered Calls at $0.24
Sold UVXY1 Sep 17 2021 9.0 Covered Calls at $0.25
#OptionLadder
VRTX
Sold half my long VRTX stock @ 204.00. Bought on 06/11 @ 193.58
TNA Put Rolldown
Rolled TNA Jul 16 2021 86.0 Diagonal Put to next week’s TNA Jul 23 2021 82.5 Put at $0.52 Credit.
3.5 points better on the strike and now out of the money
Hedged with long Oct puts
#OnlySpreads
LABU Put Rolldown
Rolled LABU Jul 16 2021 64.0 Diagonal Puts down to next week’s 62.0 Puts at $0.05 Credit.
2 points better on the strike
Rolled LABU Jul 16 2021 62.0 Diagonal Put down to next week’s 58.0 Put at $0.05 Credit.
4 points better on the strike.
Both positions hedged with long Aug & Sep puts already in the account.
#OnlySpreads
VXX Puts
I was only able to get 1 of these sold before VXX bounced.
Sold to open 1 VXX Jul 23 2021 27.0 Put at $0.18.
Paired with already long Aug 22.0 Puts.
Waiting for today’s 28.50, 28.0 and 27.50 short puts to expire.
#VXXContango
TQQQ Call rollup
Rolled TQQQ Jul 16 2021 118.0 Diagonal Calls up to next week’s 119.0 Calls @ 0.05 Credit.
Still hoping to cover my 129.0 call at a penny before the close
UVXY1 Covered Call
Sold UVXY1 Sep 17 2021 6.0 Covered Call at $0.48.
This contract is only on 10 shares. (but the cash premium of $48 is like selling the 100 share contract for $480
VXX trades
Bought to close 1 VXX Jul 16 2021 31.5 Put / Sold to Open 1 VXX Jul 23 2021 30.5 Put at $0.02 Credit with a 1 point drop in the the short strike.
Sold to open 1 VXX Jul 16 2021 32.5 Diagonal Call at $0.22
Sold to open 1 VXX Jul 16 2021 33.00 Diagonal Call at $0.19
TQQQ Put 1DTE
Sold 1 TQQQ Jul 16 2021 123.0 Diagonal Put at $0.60.
#OnlySpreads
AMC Call rollup
Bought to close AMC Jul 16 2021 27.0 Diagonal Calls at $7.75. Sold on a roll out last week at $20..77
Replaced it with short diagonal AMC Jul 23 2021 30.0 Calls at $6.75.
A 1 point debit on the roll but offset by the 3 point higher strike price so I’m still 2 points better off.
COIN
Sold 1 COIN Jul 16 2021 210.0 Diagonal Put at $0.54.
#DoubleDip #OnlySpreads
AMC Call
Dumping an extra long call before it expires worthless
Sold to close 1 AMC Jul 16 2021 38 Call at $1.56.
I’m short 40, 43 and 46 calls for tomorrow
TQQQ Put
Sold 1 TQQQ Jul 16 2021 125.0 Diagonal Put at $0.51.
Paired with and offseting my short 129.0 Diagonal Call for tomorrow
LABU Put
Sold 1 LABU Jul 23 2021 60.0 Diagonal Put at $3.23.
Strike is below the 2-month low – edit:(until just now)
#OnlySpreads
TLRY
Sold TLRY 07/16/2021 15.0 Diagonal Puts @ 0.34
VXX Early put rolldown
Rolled 1 VXX Jul 16 2021 32.5 Put down to next week’s VXX 07/23/2021 32.0 Put @ 0.10 Credit and a 0.50 lower strike.
AMC Strangle
Sold 1 AMC 07/16/2021 24.0/43.0 Strangle at $0.64.
VXX Calls
Sold VXX Jul 16 2021 32.5 Covered Call at $0.29
Sold VXX Jul 16 2021 33.0 Covered Call at $0.20
Sold VXX Jul 16 2021 33.5 Covered Calls at $0.15
Sold VXX Jul 16 2021 34.0 Covered Calls at $0.14
They can have my stock at those levels
AMC Puts
Sold AMC Jul 16 2021 26 Puts at $0.15
TLRY
Sold TLRY Jul 16 2021 16.5 Diagonal Calls at $0.52
Sold TLRY Aug 13 2021 23.0 Diagonal Calls at $0.73
Sold TLRY Aug 20 2021 23.0 Diagonal Calls at $0.72
All these offset a long stock position and several ITM short Put spreads
LABU Put
Sold 1 LABU Jul 16 2021 62.0 Diagonal Put at $1.35
#OnlySpreads
TNA Put
Sold 1 TNA Jul 16 2021 86.0 Diagonal Put at $1.15
#OnlySpreads
VXX Puts
Sold VXX Jul 16 2021 27.5 Puts at $0.16 & $0.18.
Sold against long 08/27/2021 21.0 puts.
Short DTE = 3
Long DTE = 45
#VXXContango
LABU Put
Sold 1 LABU Jul 16 2021 64.0 Put at $1.35 against a already long (and fully paid for) Sep Put.
Replaces a LABU strike 65 Put that expired Friday.
AMC Puts
One last set of writes against my long puts expiring Friday.
Sold AMC Jul 16 2021 27.0 Puts at $0.17
Sold AMC Jul 16 2021 25.0 Puts at $0.13
TNA Put
Sold to open 1 TNA Jul 16 2021 89.0 Put at $1.75.
A second write against a fully paid-for long TNA Oct 50.0 Put.
This replaces a similar short put that expired Friday
TQQQ Call
Sold to close 1 TQQQ Jul 16 2021 130.0 Call at $3.47. Bought this at $0.95 as the long side of a diagonal spread several weeks ago. I didn’t want to see it expire worthless.
Bought to open 1 TQQQ Aug 20 2021 145.0 Call at $3.17 to keep a long hedge in place but giving myself another month to write against it.
OptionsExpiration
==Expired==
AMC 07/09/2021 56.0 Diagonal Calls
AMC 07/09/2021 27.0 Diagonal Puts
AMC 07/09/2021 23.0 Diagonal Puts
LABU 07/09/2021 65.0 Diagonal Put
LABU 07/09/2021 62.0 Diagonal Put
TLRY 07/09/2021 19.5 Covered Calls
TNA 07/09/2021 89.0 Diagonal Put
TQQQ 07/09/2021 118.0 Diagonal Put
TQQQ 07/09/2021 115.0 Diagonal Put
VXX 07/09/2021 32.0 Covered Calls
VXX 07/09/2021 32.5 Covered Calls
VXX 07/09/2021 33.0 Covered Calls
VXX 07/09/2021 33.5 Covered Calls
VXX 07/09/2021 34.0 Diagonal Calls
VXX 07/09/2021 34.5 Diagonal Calls
VXX 07/09/2021 35.0/60.0 Bear Call Spreads
VXX 07/09/2021 40.0/65.0 Bear Call Spreads
VXX 07/09/2021 28.0 Diagonal Puts #VXXContango
VXX 07/09/2021 27.5 Diagonal Put #VXXContango
VXX Call
Sold 1 VXX Jul 16 2021 32.5 Call at $0.41.
Some similar calls expire in a few minutes
TQQQ Call Rollup
Rolled this week’s 126.0 Diagonal Call up to next week’s 129.0 Call @ 0.18 Credit
VXX Puts
Sold VXX Jul 16 2021 28.5 Puts at $0.56. Sold against the Aug 24.0 Puts I bought yesterday.
I have VXX short 27.50 and 28.00 puts expiring today as well.
#VXXContango
TLRY
Sold TLRY Jul 16 2021 15.5 Diagonal Puts at $0.43.
AMC Call
Sold 1 AMC Jul 16 2021 46.0 Diagonal Call at $5.50.
I’ve got some strike 56 calls (and some short puts) expiring tomorrow
VXX long Put
Bought this to write against it
Bought VXX Aug 20 2021 24.0 Put at $0.43
#VXXContango
LABU
Interesting that LABU is up almost a point while the rest of the market is getting crushed.
More VXX Calls
Sold VXX Jul 09 2021 35 Diagonal Calls at $0.25
Sold VXX Jul 23 2021 40.0 Diagonal Call at $1.01
Sold VXX Jul 30 2021 42.0 Diagonal Call at $1.31
Sold VXX Aug 06 2021 42.0 Diagonal Call at $1.72
VXX Calls
Bought to close 1 VXX Jul 09 2021 50.0 Call at $0.02. Sold on 06/01 at $1.75
Bought to close 1 VXX Jul 09 2021 48.0 Call at $0.02 . Sold on 06/01 at $1.77
Bought to close 1 VXX Jul 09 2021 46.0 Call at $0.07 . Sold on 06/01 at $1.99
Replaced the calls above with still out of the money calls for some additional premium
Sold 1 VXX Jul 09 2021 33.5 Call at $0.42
Sold 1 VXX Jul 09 2021 34.0 Call at $0.31
Sold 1 VXX Jul 09 2021 34.5 Call at $0.29
TQQQ
Selling some 2 day puts to offset existing short call positions
Sold 1 TQQQ Jul 09 2021 118.0 Diagonal Put at $0.50
Sold 1 TQQQ Jul 09 2021 115.0 Diagonal Put at $0.30
#OnlySpreads
VIX
Above 20 premarket – up 25% OVERNIGHT
CLX
Sold off my long CLX stock on a big move Wednesday @ $187.23
Cost of $174.46.
Don’t trust the market so getting closer to cash
AMC Trades
Rolled my AMC Jul 09 2021 38.0 Diagonal Calls to AMC Jul 16 2021 40.0 Calls @ even money but gained 2 points on the short strike.
Also sold another AMC Jul 09 2021 27.0 Put at $0.22
TNA
Sold to open 1 TNA Jul 09 2021 89.0 Diagonal Put at $1.71.
#OnlySpreads
NEGG
Range today 28.19 – 71.14
Just FYI
VXX Put
Bought to close 1 VXX Jul 09 2021 29.5 Put at $0.38. Sold last week on a rolldown at $1.34
Replaced it with 1 VXX Jul 16 2021 28.0 Put at $0.40 for a 0.02 Credit and dropped the short strike 1.50
#VXXContango
SLB
Rolled my SLB Jul 09 2021 30.0 Calls up to next week’s SLB Jul 16 2021 30.5 Calls at $0.02 Credit
LABU
Sold 1 LABU Jul 09 2021 65.0 Diagonal Put at $0.92.
#OnlySpreads
AMC Call
With the choice of liquidating my long AMC Jul 16 2021 70.0 Call (after the strike 60 call sold against it expired on Friday) or writing against it, I decided to write a diagonal call one more time.
Sold to open 1 AMC Jul 09 2021 56.0 Call at $2.62
VXX Calls
Sold to open VXX Jul 09 2021 33.0 Covered Call at $0.33
Sold to Open VXX Jul 09 2021 32.5 Covered Call at $0.40
Sold to open 1 VXX Jul 30 2021 40.0 Diagonal Call at $1.07
Sold to open 1 VXX Aug 06 2021 41.0 Diagonal Call at $1.43
VXX Long Puts
Sold to close VXX 12/15/2021 15.0 Puts @ $0.49
Bought these on 5/17 @ $0.23 as a lark in an old account that is too small for spreads.
Got a clean double though.
OptionsExpiration
==Expired==
AMC 07/02/2021 60.0 Diagonal Calls
AMC 07/02/2021 38.0 Diagonal Puts
AMC 07/02/2021 37.0 Diagonal Puts
TLRY 07/02/2021 18.5 Covered Calls
TLRY 07/02/2021 19.5 Diagonal Calls
TQQQ 50.0/117.50 Bull Put Spread
VXX 07/02/2021 40.0 Covered Call
VXX 07/02/2021 46.0 Covered Call
VXX 07/02/2021 48/51.0 Bear Call Spread
VXX 07/02/2021 50/60.0 Bear Call Spread
VXX Calls
Sold VXX Jul 09 2021 32.0 Covered Calls at $0.25
Sold VXX Jul 16 2021 36.0 Covered Calls at $0.38
Sold VXX Jul 23 2021 40.0 Covered Calls at $0.48
Sold VXX Jul 30 2021 40.0 Covered Calls at $0.83
Sold VXX Aug 06 2021 40.0 Covered Calls at $1.06
Sold VXX Aug 13 2021 40.0 Covered Calls at $1.41
Options Bistro 