Bought to close VXX Jul 02 2021 28.0 Puts @ 0.01
Sold last Friday @ 0.23
#VXXContango
Author Archives: Option Iceman
TQQQ
Sold 1 TQQQ Jul 09 2021 126.0 Call at $2.12 against an already long Jul 16 20201 130.0 Call (left over from another spread).
Short strike slightly above the current all-time high in TQQQ
AMC Puts
Sold AMC Jul 09 2021 23.0 Puts at $0.19.
Only 4 trading days next week.
Paired with several bear call spreads still in the money so little downside risk
VXX Put Roll
The VIX index collapses to it’s lowest value since Jan 2020. So VXX spiked down too.
Bought to Close VXX Jul 02 2021 28.5 Put at $0.34. Sold last week @ 0.50
Sold to Open VXX Jul 09 2021 27.5 Put at $0.36, a full point lower plus a 0.02 Credit.
#VXXContango
VXX1 Calendar
- still able to write these until they’re gone
Sold to open VXX1 Jul 16 2021 7.0 Puts at $0.31
This gives me a Long Calendar spread with my ( already long ) Jan 2022 7.0 Puts.
#VXXContango trade with no downside risk.
TQQQ
Another roll, not as good as last week
Close this week’s 117.50 Calls and sold next week’s 118.0 Call @ 0.10 Credit
VXX Put Rolls
Bought to Close VXX Jul 02 2021 29.0 Puts at $0.37. Sold last week @ 0.75
Sold o Open VXX Jul 09 2021 28.0 Puts at $0.48, a full point lower plus a 0.11 Credit.
#VXXContango
Hoping my 28.50 and 28.00 puts for tomorrow expire.
COG
#FallingKnife trade that worked
Sold COG stock @ 18.01. Bought @ 15.75. Never was able to average down.
Probably out too early but I’ll take the gain.
VXX
Sold VXX Jul 23 2021 46.0 Covered Calls at $0.46
Sold VXX Jul 30 2021 46.0 Covered Call at $0.73
OptionsExpiration
==Expired==
AMC 06/25/2021 27.0 Diagonal Put
AMC 06/25/2021 29.0 Diagonal Puts
LABU 06/25/2021 65.0 Diagonal Put
SQQQ 06/25/2021 11.0 Covered Call
TLRY 06/25/2021 18.5/26.0 Bear Call Spread
UVXY1 06/25/2021 4.0 Covered Calls
VXX 06/25/2021 37.5 Covered Calls
VXX 06/25/2021 40.0 Covered Calls
VXX 06/25/2021 41.0 Covered Calls
VXX 06/25/2021 42.0 Covered Calls
VXX 06/25/2021 46.0/70.0 Bear Call Spreads
VXX 06/25/2021 48.0/75.0 Bear Call Spreads
VXX 06/25/2021 50.0/80.0 Bear Call Spread
VXX 06/25/2021 29.0 Diagonal Put #VXXContango
AMC Call Rollout
Rolled AMC Jun 25 2021 38.0 Calls to AMC Jul 02 2021 38.0 Calls at $0.27 Credit.
Not as big a credit for an additional week as last Friday and the stock is almost 7 points lower. Doesn’t make much sense.
But neither does the stock price 😦
TLRY Call Rollup
Bought to Close TLRY Jun 25 2021 17.5 Covered Call/ Sold to Open TLRY Jul 02 2021 18.5 Covered Calls @ $ 0.08 Credit plus another point higher on the strike price.
Bought to Close TLRY Jun 25 2021 18.0 Diagonal Calls / Sold to Open TLRY Jul 02 2021 19.5 Diagonal Calls @ $ 0.22 Credit plus another 1.50 points higher on the strike price.
Waiting until the close to see if my 18.5 calls expire
SPCE
Could this be the next GME/AMC/TSLA spread candidate?
Waiting for higher strikes before venturing in
VXX Put Rolls
Bought to Close VXX Jun 25 2021 30.5 Puts / Sold to Open VXX Jul 02 2021 30.0 Puts at $0.20 Credit
Bought to Close VXX Jun 25 2021 30.0 Puts / Sold to Open VXX Jul 02 2021 29.0 Puts at even Money
Bought to Close VXX Jun 25 2021 29.5.0 Puts / Sold to Open VXX Jul 02 2021 28.0 Puts at $0.03 Credit
Waiting to see if my VXX 29.0 Put expires.
#VXXContango
IWM
Russell 1000/2000 rebalance at the close. Some favorite names traded at Option Bistro on the lists:
(Fuzzy I’m talking to you 🙂 )
https://www.zerohedge.com/markets/russell-bursting-money-losing-zombies-after-todays-rebalance
VXX1
- still able to write these until they’re gone
Sold to open VXX1 Jul 16 2021 7.0 Puts at $0.28
This gives me a Long Calendar Butterfly spread with my ( already long ) puts being Jan 2022 6.0 Puts and Jun 2022 8.0 Puts.
#VXXContango trade with no downside risk.
TQQQ Call rollup
Bought to close TQQQ Jun 25 2021 115.0 Calls / Sold to Open TQQQ Jul 02 2021 117.5 Calls at $0.20 Net Credit
AMC Rollup Call
Bought to close AMC Jun 25 2021 53.0 Calls at $1.38. Sold last Friday on another rollup at $13.55.
Replaced it with short AMC Jul 02 2021 60.0 Calls at $3.01.
So a Net Credit of $1.63 plus a 7 point bump in the short strike, putting it well out of the money for now.
COIN Put Close
Bought to Close 1 COIN Jun 25 2021 197.5 Put at $0.05. It won’t trade any lower
Sold on Monday @ 1.18
TLRY
Sold to open TLRY Jun 25 2021 18.5 Diagonal Calls at $0.30
TLRY
Sold TLRY Jun 25 2021 18.0 Diagonal Calls at $0.42
VXX Put rolldown
Rolled my 06/25/2021 33.50 and 33.00 Diagonal Puts down 0.50 to 33.0 and 32.50 for next week @ 0.05 Credit.
At the same time I sold 1 VXX Jul 30 2021 46.0 Covered Call at $1.15
VXX
Another long term #VXXContango trade
Bought to open VXX Jan 20 2023 5.0 Put / Sold to Open VXX Jun 25 2021 29.5 Put at $0.10 Credit
Long DTE = 576
Short DTE = 2
At the same time I sold 1 VXX Jul 23 2021 46.0 Covered Call at $0.79
AMC GME
GameStop Is Joining the Russell 1000, but AMC Isn’t.
VXX
A really looooong #VXXContango trade
Bought to open VXX Jun 16 2023 5.0 Put / Sold to Open VXX Jun 25 2021 30.5 Put at $0.06 Credit
Short DTE = 3
Long DTE = 724
LABU
Sold 1 LABU Jun 25 2021 65.0 Put at $1.01
#OnlySpreads
TQQQ
Sold 1 TQQQ Jun 25 2021 115.0 Call at $1.87 adding to my position
#OnlySpreads
GME exit
I could have sold this last week at roughly $12 but I kept it and sold a shorter 280 call @ $12 instead. That one expired. Liquidating my long now.
Sold to close 1 GME Jul 02 2021 400.00 Call at $4.48.
Totally out of GME for now
AMC Put
Sold AMC Jun 25 2021 27.0 Put at $0.19 replacing a similar put that expired Friday
TLRY
Sold TLRY Jun 25 2021 17.5 Calls at $0.61 replacing similar calls that expired Friday
TQQQ
Sold 1 TQQQ Jun 25 2021 115.0 Call at $1.20 replacing my 112.0 Call that expired Friday.
#OnlySpreads
VXX
Sold 1 VXX Aug 20 2021 46.0 Covered Call at $3.60. Adding to my position at 0.45 more premium than my sale 2 weeks ago.
Sold 1 VXX Jul 16 2021 46.0 Covered Call at $1.86. Adding to my position at 2 points less than the one I sold on 5/10.
OptionsExpiration
==Expired==
AMC 06/18/2021 29.0 Diagonal Put
AMC 06/18/2021 28.0 Diagonal Puts
AMC 06/18/2021 27.0/2.0 Bull Put Spread
GME 06/18/2021 280.0 Diagonal Call
LABU 06/18/2021 64.0/40.0 Bull Put Spread
SLB 06/18/2021 36.0 Diagonal Calls
SLV 06/18/2021 23.5 Diagonal Puts
TLRY 06/18/2021 17.50 Covered Calls
TLRY 06/18/2021 19.0 Diagonal Calls
TQQQ 06/18/2021 112.0/145.0 Bear Call Spread
VXX1 11.0/19.0 Bear Call Spread
VXX1 12.0/20.0 Bear Call Spreads
VXX1 12.0/21.0 Bear Call Spreads
VXX 06/18/2021 35.5 Covered Calls
VXX 06/18/2021 36.0 Covered Calls
VXX 06/18/2021 36.5 Covered Calls
VXX 06/18/2021 37.0 Covered Calls
VXX 06/18/2021 37.5 Covered Calls
VXX 06/18/2021 46.0/64.0 Bear Call Spread
VXX 06/18/2021 48.0/64.0 Bear Call Spread
VXX 06/18/2021 50.0/65.0 Bear Call Spread
VXX 06/18/2021 31.50 Diagonal Put #VXXContango
==Assignments==
Exercised my long VXX1 06/18/2021 9.0 & 10.0 Puts to put some of my long VXX stock back to somebody else at 36.0 and 40.0.
Left over from old #VXXContango trades
VXX just before the close
Rolled VXX 06/18/2021 35.0 Diagonal Calls to next week’s 40.0 Calls for 0.55 Credit
Rolled VXX 06/18/2021 35.50 Diagonal Calls to next week’s 41.0 Calls @ 0.45 Credit
Rolled VXX 06/18/2021 36.0 Diagonal Call to next week’s 42.0 Call @ 0.41 Credit.
I’m betting the premiums for next week drop off on the open on Monday as they typically do
UVXY Rollup
I hadn’t intended to buy back this week’s short but UVXY get above 36 so I made a major rollup
Bought to Close UVXY1 Jun 18 2021 3.5 Covered Calls / Sold to Open UVXY1 Jun 25 2021 4.0 Calls at $0.13 Credit.
Like rolling a strike 35 call to a strike 40 for $1.30 credit for only one more week.
AMC Rollout
Bought to close AMC Jun 18 2021 38.0 Calls / Sold to open AMC Jun 25 2021 38.0 Calls at $0.56 Credit.
Hoping the next week sees a little less craziness in this stock
COG
another #SP500 stock below it’s 52-week low today.
Added some at 15.75 to keep it on my radar
#Fallingknife
WFC Call
Bought to close WFC Jun 18 2021 44 Diagonal Call at $0.01. Sold last week @ 1.65
I also have several 45.50 and 46.0 Calls expiring today
VXX Trades
On the opening spike:
Bought to close 1 VXX Jun 18 2021 32.0 Put at $0.20. Sold on a rolldown last Friday @ 1.43
Bought to close 1 VXX Jun 18 2021 34.0 Put at $1.12. Sold on a rolldown last Friday @ 3.06
Bought to close 1 VXX Jun 18 2021 34.5 Put at $1.67. Sold on a rolldown last Friday @ 3.46
Waiting to see if my short 31.50 Put expires.
Re-wrote at lower strikes for next week
AMC Rollup
Bought to close AMC Jun 18 2021 48.0 Calls / Sold AMC Jun 25 2021 53.0 Calls at $0.05 Credit.
The small credit is a trade off for the 5 point bump in the short strike
SLV
#SmallChange
I was about to liquidate my long SLV Aug 21.0 Puts at a gain when I decided to write against it for the third time instead.
Sold SLV Jun 18 2021 23.5 Puts at $0.06
Expires tomorrow
GME
Closing down one of my two Bear Call spreads 2 days early.
My guess is that the long call will drop away faster than the short in the next two days.
Bought to close GME 06/18/2021 260.0 Call / Sold 1 GME 06/25/2021 310.0 Call @ $4.10 Credit
I got a credit on the original spread and ADDED to the credit as I rolled the short up and out for a few weeks.
A #WinWin trade and I remove a $5k spread requirement several days early
VXX
Sold VXX Jun 18 2021 35.5 Covered Calls at $0.51
Sold VXX Jun 18 2021 36.0 Covered Call at $0.45
Sold VXX Jun 18 2021 37.0 Covered Call at $0.33.
VXX bounced to 32.90 before pulling back sharply
VXX
Sold VXX Jun 25 2021 37.5 Covered Calls at $0.77
AMC
Sold some puts to balance out some of my Bear Call spreads that are currently in the money for this week.
Sold 06/18/2021 29.0 Puts @ 0.15
Sold 06/18/2021 28.0 Puts @ 0.12
Sold 06/18/2021 27.0 Puts @ 0.11
#BeerMoney
VRTX
#FallingKnife
Added a tiny bit more at 190
VXX
Sold VXX Jun 18 2021 35.5 Covered Calls at $0.36 with the stock @ 31.80.
At the same time I sold some long puts that may end up out of the money on Friday.
Sold to close VXX1 Jun 18 2021 8.0 Puts at $0.35.
(this is the same as selling 1 VXX 32.0 Put @ 1.40)
LABU
Sold 1 LABU Jun 18 2021 64.0 Put at $0.65
#OnlySpreads
VXX Calls
Sold VXX Jun 18 2021 35.0 Covered Calls at $0.39 with the stock @ 31.50
CLX
Added a tiny bit of CLX stock at 174.46 – a new 52week low
SLB
Sold SLB Jun 18 2021 36.0 Diagonal Calls at $0.27 replacing last week’s 35.0 Calls that I covered for a penny on Friday.
TQQQ
Sold 1 TQQQ Jun 18 2021 112 Call at $1.15 against some long calls left over from earlier diagonal spreads.
#DoubleDip
GME
Couldn’t decide whether to dump the long left over from the 260/400 diagonal call spread that I had when the short 260 expired Friday or to write against the 07/02 400.0 long call, but I finally decided on a #DoubleDip re-write.
Sold 1 GME Jun 18 2021 280 Call at $12.00
VRTX makes the watch list
#FallingKnife on my radar now that it has blown below it prior low.
Along with CLX, I’m also watching COG, COIN, and KMB for attractive entry points at or below the old lows.
OptionsExpiration
GME 06/11/2021 260.0 Diagonal Call
SLV 06/11/2021 24.5 Diagonal Put
SQQQ 06/11/2021 12.0 Covered Call
TLRY 06/11/2021 20.0 Covered Calls
TLRY 06/11/2021 24.0 Diagonal Calls
UVXY1 06/11/2021 4.0 Covered Calls
VXX 06/11/2021 36.0 Covered Calls
VXX 06/11/2021 36.5 Covered Calls
VXX 06/11/2021 46.0 Covered Calls
VXX 06/11/2021 46.0/57.0 Bear Call Spreads
VXX 06/11/2021 48.0/75.0 Bear Call Spreads
TLRY
Rolled some Puts and some Calls
Rolled TLRY 06/11.2021 24.0 Puts down to the TLRY 06/18/2021 23.50 Puts @ 0.05 Credit
Rolled TLRY 06/11/2021 17.50 Calls to TLRY 06/18/2021 17.50 Calls @ 0.15 Credit
Rolled TLRY 06/11/2021 18.50 Calls to TLRY 06/18/2021 19.0 Calls @ 0.24 Credit
VXX Put roll
Rolled my last put for the week down a strike.
Bought to close 1 VXX 06/11/2021 32.0 Put / Sold 1 VXX 06/18/2021 31.5 Put @ 0.50 Credit
WFC Calls
Rolled out 1 WFC 06/11/2001 44.0 Call to the WFC 06/18/2021 44.0 Call @ 0.10 Credit
Rolled up WFC 06/11/2001 45.0 Calls to the WFC 06/18/2021 45.5 Call @ 0.02 Credit
Rolled up WFC 06/11/2001 45.5 Calls to the WFC 06/18/2021 46.0 Calls @ 0.02 Credit
WFC ended the week at 45.68 so at least some of these are now out of the money
VXX Put rolldowns
Rolled 1 VXX Jun 11 2021 33 Put to next week’s VXX Jun 18 2021 32 Put at $0.03 Credit
Rolled 1 VXX Jun 11 2021 34.5 Put to next week’s VXX Jun 18 2021 34 Put at $0.17 Credit
Rolled 1 VXX Jun 11 2021 35 Put to next week’s VXX Jun 18 2021 34.5 Put at $0.09 Credit
Still have a 32.0 put left to cover or roll Friday
VXX Covered Calls
Rolled VXX Jun 11 2021 37 Calls to VXX Jun 18 2021 37.5 Calls at 0.33 Credit
VXX Long Puts
Sold a small part of my long
VXX1 06/18/2021 8.0 Puts @ $.030 and 0.35.
Bought them on 01/15/20.21 at $0.09 as the long part of a diagonal spread.
I will probably hang on to the rest and will likely exercise them next week to dump some on my long stock since they are in the money
GME Rollup
Bought to close 1 GME 06/11/2021 235.0 Call / Sold 1 GME 06/18/2021 260.0 Call at $5.05 Credit.
Pushed the short strike out of the money for next week with a nice cash flow.
I still have one more 260 call expiring tomorrow. It’s written against a Jul 02 long positions so I’m going to let it play out.
GME – closing a diagonal
Bought to close 1 GME 06/11/2021 260.0 Call / Sold to close 1 GME 06/18/2021 310.0 Call @ 0.05 Credit
I’ll have to do some research to calculate the final gain because I rolled the short twice for a credit, and got a credit on the original spread.
So a #WinWin trade with a credit in and a credit on the way out.
VXX
Bought to close VXX Jun 11 2021 46 Calls at $0.01
VXX Long Puts
Sold a small part of my long
VXX1 06/18/2021 9.0 Puts @ $1.07. Bought them on 01/20 at $0.25 as the long part of a diagonal spread.
I will probably hang on to the rest and will likely exercise them next week to dump some on my long stock since they are in the money
VXX – more covered calls
Sold to Open:
VXX Jun 18 2021 37.5 Call at $0.81
VXX Jun 18 2021 37.0 Call at $0.86
VXX Jun 18 2021 36.5 Call at $0.94
#OptionLadder
LABU
Closing my last short position in this name
Bought to Close 1 LABU Jun 11 2021 55.0 Put at $0.05. It won’t trade any lower.
Sold this at $3.25.
I’m left with some long September Puts at 35 and 40 that are free lottery tickets because I recovered the cost with my initial writes against them at the time of purchase.
VXX Covered Calls
Only a couple of days until expiration so scalping some short term premium.
Sold to Open:
VXX Jun 11 2021 37.0 Call at $0.21
VXX Jun 11 2021 36.5 Call at $0.24
VXX Jun 11 2021 36.0 Call at $0.29
#OptionLadder
WFC early rollup
Used this morning’s weakness to adjust a short call.
Bought to close WFC Jun 11 2021 45.5 Calls at $0.74. Sold these last week on a rollout at $1.42
Sold to Open WFC Jun 18 2021 46.0 Calls at $0.77 for a Net Credit of $0.03
VXX
Sold 1 VXX Aug 20 2021 46.0 Covered Call at $3.15.
LABU long Call
Sold to close my LABU Jun 25 2021 85.0 Call at $1.40. Bought it at 0.72 on 05/27..
This was a long side hedge against past short calls that have all expired, including last Friday’s 66.0 Call.
OptionsExpiration
Expired:
AMC 06/04/2021 15.0 Puts
LABU 06/04/2021 66.0 Diagonal Call
LABU 06/04/2021 55.0 Diagonal Put
SQQQ 06/04/2021 17.0/12.0 Bear Call Spreads
VXX 06/04/2021 33.0 Diagonal Put – #VXXContango
VXX 06/04/2021 46.0 Covered Call
VXX 06/04/2021 46.0/50.0 Bear Call Spreads
VXX1 06/04/2021 13.50 Diagonal Calls
Assignments:
VXX1 06/04/2021 13.0 Puts (25sh each) – adj cost 34.00 after put premium
VXX1 06/04/2021 12.0 Puts (25sh each) – adj cost 33.64 after put premium
VXX1 06/04/2021 10.5 Puts (25sh each) – adj cost 33.80 after put premium
VXX1 06/04/2021 10.0 Puts (25sh each) – adj cost 33.52 after put premium
Everything else was rolled to next week.
VXX Puts rolled down
Rolled 1 VXX 06/04/2021 36.0 Put to next week’s 35.5 Put @ 0.26 Credit
Rolled 1 VXX 06/04/2021 35.0 Put to next week’s 34.5 Put @ 0.34 Credit
Rolled 1 VXX 06/04/2021 34.0 Put to next week’s 33.0 Put @ 0.25 Credit
Rolled 1 VXX 06/04/2021 33.50 Put to next week’s 32.0 Put @ 0.16 Credit.
#VXXContango shorts against July and September longs
TSLA
From Carter Worth
VXX
Closing more long #VXXContango long side puts.
Sold VXX1 06/18/2021 8.0 Puts @ 0.27. Bought last November @ 0.22 and 0.23.
Wrote against them many, many times.
These were my highest cost lots. If VXX drops below 32, my remaining long puts go in the money.
Options Bistro 