Sold 1 LABU May 21 2021 67.0 Call at $1.50.
Sold 1 LABU May 21 2021 70.0 Call at $0.90.
Sold against a whole ladder of short puts for this week.
Author Archives: Option Iceman
TQQQ
Sold 1 TQQQ May 21 2021 85.0 Put at $0.82
TNA
Sold 1 TNA May 21 2021 80.0 Put at $1.68
VXX and VXX1
Sold 1 VXX May 21 2021 42.0 Covered Call at $1.10
Sold VXX May 28 2021 42.0 Covered Calls at $1.86
Sold VXX1 May 21 2021 11.0 Calls at $0.21, 0.22, 0.24 & 0.27
Sold VXX1 May 21 2021 11.5 Calls at $0.18
Sold VXX1 May 21 2021 12.0 Calls at $0.14
OptionsExpiration
==Expired==
LABU 05/14/2021 67.0 Diagonal Call
SQQQ 05/14/2021 12.5 Diagonal Call
TLRY 05/14/2021 32/24 Bear Call Spreads
TLRY 05/14/2021 18.0 Diagonal Calls
VXX1 05/14/2021 11.0 Covered Calls
VXX1 05/14/2021 11.5 Covered Calls
VXX1 05/14/2021 12.0 Covered Calls
VXX1 05/14/2021 12.5 Diagonal Calls
VXX 05/14/2021 40.0 Diagonal Calls
TQQQ 05/14/2021 92.0 Diagonal Put
VXX Calls
Bought to close VXX May 14 2021 42.0 Diagonal Calls at $0.01 . Sold these on Wednesday @ $1.33.
Bought to close VXX May 14 2021 41.0 Diagonal Call at $0.01 . Sold this on Wednesday @ $2.74.
Also:
Sold to open VXX 05/21/2021 46.0 Covered Calls @ $0.53.
Adding to my position.
VXX1 Calls
Covered some of the old short pre-split calls to release a bit of margin:
Bought to close VXX1 May 14 2021 10.0 Diagonal Calls Limit at $0.01. Sold these at 0.19.
Bought to close VXX1 May 14 2021 10.5 Diagonal Calls Limit at $0.01. Sold these at 0.28 & 0.40
Bought to close VXX1 May 14 2021 11.0 Diagonal Calls Limit at $0.01. Sold these at 0.20 & 0.24
VXX Calls
Bought to close 1 VXX 05/14/2021 46.0 Diagonal Call @ 0.01. Sold this at $ 1.48 earlier this week.
SQQQ Call Roll
Rolled a SQQQ 05/14/2021 12.0 Covered Call up to a SQQQ 05/21/2021 13.0 Covered Call for a 0.02 Credit.
I also have a short diagonal 12.50 call that likely expires today.
TLRY
An early assignment on 2 TLRY 05/14/2021 27.50 Puts.
Adjusted Cost on the stock is 15.85 after the put premium.
So I sold 2 TLRY 05/21/2021 16.0 Covered Calls @ 0.31
LABU Calls
Rolling down and out to next week:
Rolled 1 LABU 05/14/2021 67.0 Call to 1 LABU 05/21/2021 66.0 Call @ 0.20 Credit
Rolled 1 LABU 05/14/2021 65.0 Call to 1 LABU 05/21/2021 64.0 Call @ 0.30 Credit
Rolled 1 LABU 05/14/2021 62.0 Call to 1 LABU 05/21/2021 60.0 Call @ 0.10 Credit
Rolled 1 LABU 05/14/2021 60.0 Call to 1 LABU 05/21/2021 57.0 Call @ 0.10 Credit
Markets
UVXY Calendar
Bought to close UVXY May 14 2021 5.0 Puts at $0.14. Sold them at $0.63 on a roll out last Friday.
Replaced them with UVXY May 21 2021 4.5 Puts at $0.16.
My Long position against the short are some old June 4.0 and 5.0 Puts.
Little downside risk remains after this big rolldown.
VXX Puts closed
Bought to close VXX May 14 2021 36.0 Puts at $0.01. They won’t trade any lower.
Sold them at $0.62 on a rolldown last Friday.
#VXXContango
VXX1 Put rolldown
It’s been a while since I’ve been able to roll one of my short VXX ITM puts down for a credit.
Bought to close VXX1 May 14 2021 11.0 Puts at $0.46. Sold them at $1.27 on a roll out last Friday.
Replaced them with VXX1 May 21 2021 10.5 Puts at $0.48.
My long hedge is some old June 9.0 and 10.0 Puts that are trading at a nice gain.
#VXXContango
LABU Call
Sold 1 LABU May 14 2021 67.0 Call at $0.52.
Selling against the top end of my Put ladder for this week.
VXX – a few more calls
Sold VXX May 14 2021 42.0 Calls at $1.33
Sold VXX1 May 14 2021 10.5 Calls(adj) at $0.29 – so not as good as the post split order.
VXX Calls at the close
Sold VXX1 May 14 2021 10.0(adj) Calls at $0.19 just as the market closed.
Strike is equal to 40.0 on the post split stock
VXX Calls
DJIA up – SP500($SPY) up – NASDAQ (QQQ, TQQQ) down big
VIX up 11%
Some of these were earlier in the day. Prices are better now:
Sold VXX May 14 2021 40 Diagonal Calls at $0.56
Sold VXX May 14 2021 41 Diagonal Calls at $0.42
Sold VXX May 28 2021 46.0 Covered Calls at $0.95, $0.96 & $1.20
Sold VXX Jun 04 2021 46.0 Covered Call at $1.41
Sold VXX Jul 16 2021 46.0 Covered Call at $3.85
SQQQ Calls
Sold SQQQ May 14 2021 12.0 Covered Call at $0.23.
Sold SQQQ May 21 2021 13.0 Diagonal Call at $0.20.
Replacing short calls that expired Friday.
VXX Long Puts sold
Sold to close VXX1 JUN 18 2021 $10 Puts (ADJ) @ 1.51.
Purchased on May 07 2020 @ $0.94 and I’ve been writing against it weekly for almost a year.
And this was my highest cost lot.
I have two more lots @ 0.79 & 0.50
#VXXContango
OptionsExpiration
*Expired*
LABU 05/07/2021 100/85 Bear Call Spread
SQQQ 05/07/2021 11.50 Covered Call
SQQQ 05/07/2021 12.00 Diagonal Call
TLRY 05/07/2021 32.0/25.0 Bear Call Spreads
VXX1 05/07/2021 10.50(adj) Covered Calls
VXX1 05/07/2021 11.00(adj) Covered Call
VXX1 05/07/2021 11.50(adj) Covered Calls
VXX1 05/07/2021 26.0/15.0(adj) Bear Call Spreads
VXX 05/07/2021 41.0 Covered Calls
LABU 05/07/2021 50/63 Bull Put Spread
WFC 05/07/2021 30.0/44.50 Bull Put Spreads
*Assignments*
SLB 05/07/2021 29.50 Covered Calls
Everything else was rolled out a week.
LABU Put
I re-sold the LABU 05/07/2021 63.0 Put @ 0.45 that I covered early this morning @ 0.32 after the stock spent all day on the upside.
It now looks like it will expire.
VXX Put Roll
Bought to close VXX May 07 2021 37.5 Puts / Sold to Open VXX May 14 2021 36.0 Puts at $0.13 Credit.
Sold against long July 25.0 Puts already in the account.
#VXXContango
Final LABU Put rolled
Bought to close 1 LABU May 07 2021 63.0 Put at $0.32. Sold this at $1.30 earlier this week.
Sold to Open 1 LABU May 14 2021 60.0 Put at $1.62
LABU Puts Rolled (too early)
Rolled short LABU 05/07/2021 69.0 Put to next week’s 67.0 Put for a 0.10 Credit
Rolled short LABU 05/07/2021 67.0 Put to next week’s 65.0 Put for a 0.26 Credit
Rolled short LABU 05/07/2021 65.0 Put to next week’s 62.0 Put for a 0.20 Credit.
I still have a 63.0 Put for this week to deal with and a short 85.0 Call that will expire.
LABU
Sold 1 LABU May 07 2021 63.0 Diagonal Put at $1.30
#OnlySpreads
VXX Adjusments
The VIX/VXX rally seems to be over ( it never seems to last more than 1 day).
Rolled down my May 7th 16.0(adj) and 15.50(adj) short calls to 05/07/2021 10.50(adj) short calls for an additional $0.15 Credit.
Also sold some 05/072021 37.50 short puts @ 0.21 and 0.25 to go with my currently short 05/07/2012 41.0 short calls turning hem into short 37.50/41.00 strangles.
Used the cash to buy some additional July 25.00 Puts @ $0.19
#VXContango
SQQQ
Sold 1 SQQQ 05/21/2021 14.0 Covered Call @ 0.26
#SmallIRA
LABU
Sold 1 LABU May 07 2021 67.0 Diagonal Put @ $1.60.
#OnlySpreads
VXX Option Ladder
Sold these covered calls:
VXX May 21 2021 46.0 Call at $1.76 & $2.06
VXX May 28 2021 46.0 Call at $2.29
VXX Jun 04 2021 46.0 Call at $2.74
VXX Jun 11 2021 46.0 Call at $3.40
Replaces the old pre-split calls that expired Friday
VXX
#VXXContango trade – a really long one
Bought to Open 1 VXX Jan 20 2023 5.0 Put at $0.15.
627 DTE (Days to Expiration)
Bought to Open 2 VXX Jun 16 2023 5.0 Puts at $0.27.
774 DTE (Days to Expiration)
VXX at 38.70.
These are “after the split” strikes
TLRY
Sold TLRY May 07 2021 16.5 Diagonal Puts at $0.29.
This creates a 16.50/25.0 short strangle for this week.
Total Premium $0.42 each strangle
SLB
Sold SLB 05/07/2021 29.50 Covered Calls @ $0.13.
Sold SLB 05/21/2021 30.0 Diagonal Calls @ $0.32
OptionsExpiration
LABU 04/30/2021 87.5 Diagonal Call
LABU 04/30/2021 85.0 Diagonal Call
TLRY 04/30/2021 19.0 Diagonal Calls
TQQQ 04/30/2021 115.0 Diagonal Call
VXX 04/30/2021 10.5 Covered Calls
VXX 04/30/2021 11.0 Covered Calls
VXX 04/30/2021 11.5 Covered Calls
VXX 04/30/2021 12.0 Covered Calls
VXX 04/30/2021 13.5 Covered Calls
VXX 04/30/2021 14.5 Covered Calls
WFC 04/30/2021 46.0 Diagonal Calls
Everything else rolled out
WFC Calls
Taking another shot at this one to get some calls to expire
Sold WFC Apr 30 2021 46.0 Calls at $0.34.
I have long calls out in June as a disaster hedge.
SLB Calls
Sold SLB May 21 2021 29.5 Calls at $0.47. Sold these against long stock plus long June Calls
VXX
Finally new 100 share weeklys available
Sold 1 VXX May 07 2021 41.0 Covered Call at $1.10
Sold 1 VXX May 14 2021 46.0 Covered Call at $1.10
Sold 1 VXX May 28 2021 50.0 Covered Call at $1.70 (highest available strike).
Plus a kicker VXX Diagonal Bear Call spreads:
Bought to Open 1 VXX Jun 18 2021 64.0 Call / Sold to Open 1 VXX May 21 2021 44 Call at $0.14 Credit.
Bought to Open 1 VXX Jun 18 2021 64.0 Call / Sold to Open 1 VXX May 21 2021 45 Call at $0.08 Credit.
TLRY Calls
Writing against some deep in the money short puts as if I already owned the stock:
Sold TLRY Apr 30 2021 19.5 Calls at $0.31
Sold TLRY May 14 2021 24.0 Calls at $0.41
LABU
Sold LABU Apr 30 2021 78.0 Put at $1.25.
Sold LABU Apr 30 2021 75.0 Put at $0.95.
This turns two short calls for this week into short strangles.
GME now debt free
Why didn’t they do this sooner?
April 26, 2021 11:19 PM ET (BZ Newswire) — News
GameStop Corporation (NYSE:GME) shares soared 22% higher in the regular and after-hours sessions combined on Monday.
What Happened: The video game retailer said Monday that it had completed its previously announced “at-the-market” equity offering in a statement.
GameStop completed the sale of 3.5 million shares of common stock and generated gross proceeds before commissions and expenses of nearly $551 million.
“Net proceeds will be used to continue accelerating GameStop’s transformation as well as for general corporate purposes and further strengthening the Company’s balance sheet,” as per the statement.
Also in April, GameStop issued an irrevocable notice of redemption to redeem $216.4 million in principal amount of its 10% Senior Notes due 2023 on April 30.
GameStop said the early redemption will cover the entire amount of its outstanding 10% Senior Notes, which makes up all its long-term debt.
VXX Adjustments
Adjusting positions for the split:
Bought to close VXX(adj) 04/30/2021 14.0 Calls @ 0.01. Sold at 0.19 & 0.20.
Bought to close VXX(adj) 04/30/2021 12.5 Calls @ 0.01. Sold at 0.14.
Sold 1 VXX 05/21/2021 45.0 Covered Call @ $2.06
LABU Call
Sold 1 LABU Apr 30 2021 87.5 Call at $1.83
TLRY
Sold TLRY Apr 30 2021 19.0 Diagonal Calls at $0.28, replacing calls that expired Friday
LABU
Sold to Open 1 LABU Apr 30 2021 85.0 Call at $1.50.
LABU = 80, up 5 already today
VXX
#Contango trade – a really long one
Bought to Open 4 Contracts 1 Jan 20 2023 2.0 Puts at $0.20.
Adjusted for Friday’s split this is like 1 Jan 2023 8.0 Put with the stock @ 39.65.
634 DTE (Days to Expiration)
OptionsExpiration
EXPIRED:
== Calls ==
LABU 04/23/2021 76.0/135.0 Bear Call Spread
LABU 04/23/2021 80.0 Diagonal Call
SLB 04/23/2021 29.50/40.0 Bear Call Spreads
TLRY 04/23/2021 20.0/42.0 Bear Call Spread
TLRY 04/23/2021 20.5/43.0 Bear Call Spread
TLRY 04/23/2021 20.5/44.0 Bear Call Spread
WFC 04/23/2021 44.0 Diagonal Calls
VXX 04/23/2021 10.5/26.0 Bear Call Spreads
VXX 04/23/2021 11.0 Covered Calls
VXX 04/23/2021 11.5 Covered Calls
VXX 04/23/2021 12.0 Covered Calls
VXX 04/23/2021 12.5 Covered Calls
VXX 04/23/2021 13.0 Covered Calls
VXX 04/23/2021 13.5 Covered Calls
== Puts ==
LABU 04/23/2021 65.0/45.0 Bull Put Spread
LABU 04/23/2021 60.0 Diagonal Puts
TLRY 04/23/2021 15.0/12.0 Bull Put Spreads
TNA 04/23/2021 80.0 Diagonal Put
TQQQ 04/23/2021 99.0 Diagonal Put
WFC 04/23/2021 41.0/30.0 Bull Put Spreads
ASSIGNMENTS: None
WFC Calls
Just like last week I thought after a weak open at 42.63 that these would expire.
Rolling up again.
Bought to close WFC Apr 23 2021 43.5 Calls / Sold to Open WFC Apr 30 2021 44.0 Calls @ 0.12 Credit.
TQQQ Call
Bought to close 1 TQQQ Apr 23 2021 109.0 Call at $0.97. Sold this last Friday on a rollup @ $4.42.
Replaced it with a short TQQQ Apr 30 2021 115.0 Call at $1.09.
At least the short TQQQ 99.0 Put will expire
LABU Call Rollup
The short puts worked well but I had to roll one of the calls,
Bought to close 1 LABU Apr 23 2021 74.0 Call / Sold to Open 1 LABU Apr 30 2021 80.0 Call Net Credit at $0.34 Credit.
Still holding out hope that my 76.0 and 80.0 calls expire shortly
UVXY Put Roll
Rolled UVXY Apr 23 2021 5.0 Puts to UVXY Apr 30 2021 5.0 Puts at $0.18 Credit.
Sold against long June 4.0 and 5.0 Puts already in the account.
VXX Put winner
Bought to close VXX 04/23/2021 9.50 Diagonal Puts @ 0.01.
They won’t trade any lower and I’m out before tomorrow’s reverse split in VXX.
Sold these last week on a rolldown @ 0.18 average price.
#VXXContango
VXX Put rolldown
A rare chance to roll down the strike.
Bought to close VXX Apr 23 2021 10.5 Puts / Sold to Open VXX Apr 30 2021 10.0 Puts at $0.02 Credit.
Sold the 10.50 puts last Friday on a roll @ 0.85. Covered today @ 0.32.
The new short strike has now reached the strike of my long June 10 Puts.
#VXXContango
VXX and UVXY Puts
2 Rolls today
Rolled UVXY 7.0 Puts to next week for a 0.07 Credit
Rolled VXX 11.0 Puts to next week for a 0.17 Credit
LABU Calls
As a partial offset to the short puts I sold earlier in the week,
Bought 1 LABU May 21 2021 100 Call / Sold to Open LABU Apr 23 2021 74.0 Call at $0.35 Credit
and
Sold 1 Sold to Open LABU Apr 23 2021 76.0 Call @ 0.65 against a long call already in the account.
That gives me 2 short straddles for this week:
Short 65.0/74.0 Straddle – total premium $3.30
Short 60.0/76.0 Straddle – total premium $2.30
Markets
TLRY
Sold TLRY Apr 23 2021 15.0 Puts at $0.37.
Pairs off with the TLRY 20.50 Calls I sold yesterday.
Total premium for the 15.0/20.50 Strangle is $0.88
IWM TNA
With the Russell2000 being hit so hard today, I’m looking for a way to play a bounceback.
Targeting TNA as that vehicle
#OnlySpreads
https://www.zerohedge.com/markets/small-caps-are-puking
WFC
Sold WFC Apr 23 2021 41.0 Puts at $0.15.
This pairs up with my short WFC 43.50 Calls for this week giving me a 41.0/43.50 short strangle.
Total Premium now $0.94
LABU
Sold 1 LABU Apr 23 2021 60.0 Put at $1.93.
This is my second one of these
TQQQ
Sold 1 TQQQ Apr 23 2021 99.0 Put at $0.58.
This pairs up with my short TQQQ 109.0 Call for this week giving me a 99.0/109.0 short strangle.
Total Premium now $5.00
LABU
Sold 1 LABU Apr 23 2021 60.0 Put at $1.65.
Continuing to replace LABU Puts that expired Friday.
VXX – More Calls
Sold VXX Apr 23 2021 11.5 Calls at $0.16
Sold VXX Apr 23 2021 11.0 Calls at $0.21
Sold VXX Apr 23 2021 10.5 Calls at $0.31
I’ve done all that I can to encourage the stock higher so that some short puts expire on Friday.
TLRY
Sold TLRY 04/23/2021 20.50 Calls @ 0.51.
Replaces strike 20 calls that expired Friday.
VXX Calls
On the first spike to 10.15 I sold:
VXX 04/30/2021 10.50 Calls @ 0.52
VXX 04/30/2021 11.00 Calls @ 0.42
VXX 04/30/2021 11.50 Calls @ 0.32
VXX 04/30/2021 12.00 Calls @ 0.26
VXX 04/30/2021 12.50 Calls @ 0.22
LABU
Sold 1 LABU Apr 23 2021 65 Put at $2.10.
This is a start to replace the short LABU 65 and 60 Puts that expired Friday.
VXX
Selling some long Puts to get ready for Friday’s split.
Sold to close VXX Jan 21 2022 5.0 Puts @ 0.46.
This was my first lot of these puts bought on 05/26/2020 at $0.29.
I’ve been writing against them for almost a year. I still have plenty left with an average cost of $0.16
#VXXContango
Earnings
OptionsExpiration
*Expired*
==Calls==
LABU 04/16/2021 77.0/135.0 Bear Call Spread
SLB 04/16/2021 28.0/37.5 Bear Call Spreads
TLRY 04/16/2021 20.0/60.0 Bear Call Spread
TLRY 04/16/2021 20.0/70.0 Bear Call Spreads
VXX 04/16/2021 10.5/41.0 Bear Call Spreads
VXX 04/16/2021 11.0/41.0 Bear Call Spreads
VXX 04/16/2021 11.5/42.0 Bear Call Spreads
VXX 04/16/2021 12.0/42.0 Bear Call Spreads
VXX 04/16/2021 12.0/43.0 Bear Call Spreads
VXX 04/16/2021 18.0/43.0 Bear Call Spreads
VXX 04/16/2021 18.5/43.0 Bear Call Spreads
==Puts==
LABU 04/16/2021 60.0/45.0 Bull Put Spread
LABU 04/16/2021 65.0 Diagonal Puts
REGN 04/16/2021 410.0 Short Put
TLRY 04/16/2021 16.0/14.0 Bull Put Spreads
TLRY 04/16/2021 15.0 Diagonal Puts
WFC 04/16/2021 38.5/30.0 Bull Put Spreads
*Assignments*
None
VXX Puts
Bought to close VXX 04/14/2021 10.0 Puts @ 0.16. Zero time value with the stock at 9.84.
Sold these on 04/08 @ $0.22 and $0.23.
Done for today
WFC Rollup
Rolled my WFC Apr 16 2021 43 Calls to WFC Apr 23 2021 43.5 Calls @ 0.03 Credit.
I really thought this one was going to expire.
TQQQ Rollup
Rolled 1 TQQQ Apr 16 2021 107 Call up to 1 TQQQ Apr 23 2021 109 Call @ 0.12 Credit.
This is my 2nd roll on this one
LABU
Bought to close 1 LABU 04/16/2021 75.0 Call @ 0.01. Sold this on Wednesday @ 0.75
VXX Long Puts – 10 bagger
I Bought 2 VXX 04/16/2021 11.0 Puts @ $0.09 on 02/03/2021.
I just sold them at the life of contract high(until today at least) @ $1.11
That’s a rare 1000% gain.
TSLA Diagonal Closed
On Tuesday afternoon I Bought to Open 1 TSLA May 21 2021 975 Call / Sold to Open 1 TSLA Apr 16 2021 775 Call at $1.20 Net Credit.
Today I closed both sides @ $5.80 Credit.
Total gain in 2 days was $7.00 and it frees up significant buying power.
#WinWin with a credit in and another credit out




