VXX Put rolldown

Bought to close VXX Mar 19 2021 13.50 Puts / Sold to Open VXX Mar 26 2021 13.00 Puts at even money
The extra 0.50 on the short strike makes a big difference in the breakeven.
VXX range today was 12.86 to 13.33 so far.

UVXY put rolldown

Bought to close UVXY Mar 19 2021 7.00 Puts / Sold to Open UVXY Mar 26 2021 6.5 Puts at $0.02 Credit.
Not waiting to see if the 7.0 Puts might expire tomorrow and the extra 0.50 on the short strike makes a big difference in the breakeven.
UVXY range today was 6.59 to 7.17 so far.

TQQQ

Bought to open 1 TQQQ Apr 30 2021 50 Put / Sold to Open 1 TQQQ Mar 26 2021 76 Put at $0.20 Credit.
I expect to get several writes against the long Put.
Short DTE = 8
Long DTE = 43
TQQQ is at 88

SPY Bull Diagonal

Bought to open 1 SPY Apr 09 2021 355.0 Put / Sold to Open 1 SPY Mar 19 2021 387.0 Put @ 0.07 Credit.
I should be able to get 4 or 5 re-writes against this long put if the first one expires Friday.

VXX Calls

The Fed killed the VIX rally and spiked the market higher. So I sold another set of calls against calls already long in the account and due to expire Friday:
VXX Mar 19 2021 13.50 Calls @ $0.40
VXX Mar 19 2021 14.00 Calls @ $0.28
VXX Mar 19 2021 14.50 Calls @ $0.19

VXX Calls

One last set of writes against calls already long in the account and due to expire Friday:
VXX Mar 19 2021 14.0 Calls @ $0.27
VXX Mar 19 2021 14.5 Calls @ $0.20
VXX Mar 19 2021 15.0 Calls @ $0.16
VXX Mar 19 2021 15.5 Calls @ $0.12
VXX Mar 19 2021 16.0 Calls @ $0.10

UVXY

The next split is overdue

Date / Ratio
03/08/2012 — 1 for 6
09/07/2012– 1 for 10
06/10/2013 — 1 for 10
01/24/2014 — 1 for 4
05/20/2015– 1 for 5
07/25/2016– 1 for 5
01/12/2017 — 1 for 5
07/17/2017– 1 for 4
09/18/2018– 1 for 5

UVXY’s Next Reverse Split? My Estimate: July 13th, 2021

GME Put

Sold 1 GME Mar 19 2021 45.0 Put at $0.38

SPY Rollup

A late surge forced me to roll this again
Bought to close 1 SPY Mar 15 2021 396.0 Call / Sold to Open 1 SPY Mar 17 2021 398.0 Call @ 0.58 Credit.

At 3:30 SPY was below 394.60 but rallied 2 points on 30 minutes

GME Puts

Sold to close 1 GME Mar 19 2021 90.0 Put @ 2.87. Bought it Thursday @ 2.85. So just a breakeven.
It was a hedge against a GME 03/12/2022 195.0 Put was sold Thursday @ 2.65 and that expired Friday.
Another #WinWin Spread

TLRY

Friday I closed out some TLRY MAR 12 2021 $28.0 short calls @ 0.01 right at the market close.
Today I dumped part of the long position that was hedging the short.
Sold to close TLRY Apr 01 2021 60 Call at $1.37 for a nice gain.
Another #WinWin spread

VXX

Sold VXX Mar 19 2021 13.5 Puts at $0.26.
I’m long the 14 puts for this week already

GME Put

Sold 1 GME MAR 19 2021 $50.0 PUT @ 0.52

TLRY

Sold 1 TLRY 03/19/2021 32.50 Diagonal Call @ 1.19. This pairs off with the 32.50 Put I’m already short.

AMC

Closed out the long hedge I had against last Friday’s AMC strike 12 Calls that expired worthless.
Sold to close AMC Apr 01 2021 22.0 Calls at $1.03. Bought them at 0.90 and 1.01 on 03/10
#WinWin on both sides of the spread.

UVXY Put Rolldown

Bought to close UVXY Mar 12 2021 8.0 Puts/ Sold to Open UVXY Mar 19 2021 7.5 Puts @ 0.05 Credit

GME Call Rollup

Bought to close GME Mar 12 2021 200.0 Call / Sold to Open 1 GME Mar 19 2021 230.0 Call @ 2.20 Credit

TLRY Call Rollup

Bought to close 1 TLRY Mar 12 2021 26.0 Call / Sold to Open 1 TLRY Mar 19 2021 30.0 Call @ 0.13 Credit but a 4 point bump in the short strike.

VXX Put Rolldown

Bought to close VXX Mar 12 2021 14.5 Puts / Sold to Open VXX Mar 26 2021 13.5 Puts at $0.02 Credit.
Lowered the short strike a point to a price below the all-time low on VXX but had to go out 2 weeks instead of 1.

I did this instead of rolling to the 03/19/2021 14.0 Puts because I’m already long the 14.0 Puts for next week and I want to see how they work out in the end.
I bought them in September and October of last year as the long side of diagonal spreads where the short has long since expired.

TLRY Put Closed

Bought to close 1 TLRY 03/12/2021 24.0 Put @ 0.01. Sold this on a rolldown last Friday @ $4.29

LABU Call Rolled

Bought to close 1 LABU Mar 12 2021 95.0 Call / Sold to Open 1 LABU Mar 19 2021 100.0 Call @ 1.25 Credit plus 5 more points on the short strike for just 1 more week.

TLRY

I had an extra long TLRY April Call so I wrote against it for next week.
Sold 1 TLRY Mar 19 2021 30 Call at $1.48
TLRY is at 26

SPY Call Rollup

Bought to close 1 SPY Mar 10 2021 386.0 Call / Sold to Open 1 SPY Mar 12 2021 387.0 Call @ 0.29 Credit.

I’ve got other SPY positions that will expire today.

TLRY Put Rolldowns

Bought to close 1 TLRY Mar 12 2021 33.0 Put / Sold to Open 1 TLRY Mar 19 2021 32.5 Put @ 0.67 Credit
Bought to close TLRY Mar 12 2021 30.0 Puts / Sold to Open TLRY Mar 19 2021 29.0 Puts @ 0.16 Credit

GME Round Trip

At 11:40 this morning I put on the following GME Bear Call Diagonal
Bought Mar 19 2021 380.0 Call / Sold GME 03/12/2021 280.0 @ 2.60 Credit

Just now (1:42) I closed it out at 13.00 Credit – eliminating a big spread risk in the process

Big #WinWin with a credit in and a credit out

If GME gets back above 330 I’ll look to put something similar on at higher strikes this time.

GME Puts

Sold 1 GME 03/12/2021 45.0 Put @ 0.30
Sold 1 GME 03/12/2021 50.0 Put @ 0.33
Sold 1 GME 03/12/2021 55.0 Put @ 0.60
GME at 260 after falling from 348.50

GME Diagonal

Giving this a extra week and hoping the mania dies away in 10 days or so.
Bought to open 1 GME Mar 26 2021 350.0 Call / Sold to Open 1 GME Mar 19 2021 250.0 Call @ 7.63 Credit

Bitcoin options?

https://www.bloomberg.com/news/articles/2021-03-10/a-vix-like-gauge-for-bitcoin-sees-its-first-ever-options-trade

SPY 1 DTE

Sold SPY 03/10/2021 383/392 Strangle @ 1.28 Credit.
Legged in.

UVXY

Sold to Open UVXY Mar 12 2021 8.0 Puts at $0.16.
#DoubleDip write against Long April and June strike 5 puts.
#UVXYContango

UVXY is 8.35

LABU

Bought to open 1 LABU Apr 16 2021 135.0 Call / Sold to Open 1 LABU Mar 12 2021 95.0 Call at $1.55 Credit.

This turns my 45/65 Diagonal Bull Put spread into a Short Calendar Iron Condor Spread with 65 Put/ 95 Call as the short for this week.

Short DTE = 3
Long DTE = 38

GME Crazy trade closed

Bought to close GME Jul 16 2021 2.0 Puts @ 0.02.
Out 4 + months early
Sold to open GME Jul 16 2021 2.0 Puts at $0.37 on Jan 29.
Yes that is the correct strike price.
#GMECrazy

SPY

New Put Diagonal
Bought to open SPY Mar 31 2021 350.0 Put / Sold to Open 1 SPY Mar 12 2021 377.0 Put @ 0.46 Credit.
Extending the long side of the ladder.

SPY Roll

Bought to close 1 SPY Mar 08 2021 383.0 Call / Sold to Open 1 SPY Mar 10 2021 386.0 Call @ 0.40 Credit.
Sold the 383 Call Friday @ 2.81 and covered today @ 1.82

GME

Diagonal
Bought 1 GME 03/19/2021 300 Call / Sold 1 GME 03/12/2021 200 Call @ 4.40 Credit.
Five days is a long time in this stock.

SPY Zero DTE

Sold SPY 03/08/2021 379/389 Strangle @ 1.24
Legged in

SPY Call rollout

I never thought I would be rolling this when SPY was 373 just a few hours ago.
Bought to close 1 SPY 03/05/2021 381.0 Call @ 2.65. Sold this on Wednesday at 6.49

Replaced it with SPY 03/08/2021 383.0 Call @ 2.81

VXX Contango Special

One more of these.
Huge reversal in VXX to the downside after the morning blastoff to 16.74.

Bought to open VXX Jan 21 2022 6.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.02 Credit.
Short DTE = 7
Long DTE = 322
VXX @ 15.12

I’m done for today with these2021-03-05_12-24-40

VXX Contango Special

Bought to open VXX Sep 17 2021 7.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.09 Credit.
Short DTE = 7
Long DTE = 196
VXX @ 15.42

VXX Contango Special

Now that I’m out of all this week’s short puts I’m adding a new spread

Bought to open VXX Jun 18 2021 9.0 Puts / Sold to Open VXX Mar 12 2021 14.5 Puts @ 0.05 Credit.
Short DTE = 7
Long DTE = 105
VXX @ 15.48

SPY Put Rolldown

Bought to close 1 SPY Mar 05 2021 370.0 Put at $0.10. Sold @ 1.43 on 02/26.
Sold to Open 1 Contract SPY Mar 12 2021 363.0 Put @ 1.53.
#TripleDip Sale on my long March 150 Put and 7 points lower (again).

SQQQ Covered Call

Bought to close 1 SQQQ 03/05/2021 17.0 Covered Call @ 0.01. Sold this on 03/04 @ 0.11.
Replaced it with a SQQQ 03/12/2021 17.50 Covered Call @ 0.32

LABU

Bought to open 1 LABU Apr 16 2021 45.0 Put @ 2.28.
Paid for it by selling 1 LABU Mar 12 2021 65.0 Put @ 2.52.

Short DTE = 7
Long DTE = 42

LABU is 77.50

VXX Puts

Bought to close VXX 03/05/2021 15.0 Puts @ 0.01. Sold these last Friday on a rolldown @ 0.63

TLRY Rollout

Bought to close TLRY 03/05/2021 28.0 Straddles and rolled it out a week for a 1.06 Credit

VXX Puts

Bought to close VXX 03/05/2021 15.50 Puts @ 0.12 $ 0.07. Sold these on a rolldown last Friday @1.13.
Replaced them with 03/12/2021 14.50 Puts @ 0.21 & 0.15.

VXX opened at 15.65

UVXY

Bought to close Bought to close UVXY Mar 05 2021 8.50 Puts @ 0.01. They won’t trade any lower.

These started out as Feb 12 strike 10 Puts on 2/04.
Rolled them to Feb 19 strike 9.50 Puts on 02/12.
Rolled them to Feb 26 strike 9.00 Puts on 02/19.
Finally rolled them to Mar 05 strike 8.50 puts last Friday.
All the rolls were for credits and I’m out of my last shorts.
I’m left with some long June 5.0 puts that are slightly above my cost.

TQQQ

A one day scalp using a spread
Bought 1 TQQQ Mar 19 2021 50.0 Put / Sold to Open 1 TQQQ Mar 05 2021 70.0 Put @ 0.14 Credit.
If this decline gets serious I want to be long an extra put after tomorrow’s expiration.
I’m hoping TQQQ won’t drop from 77 to 70 by the close tomorrow.

VXX New Diagonal Calls

Bought to open VXX Apr 16 2021 43.0 Calls / Sold to Open VXX Mar 12 2021 19.5 Calls at $0.04 Credit.
Bought to open VXX Apr 16 2021 42.0 Calls / Sold to Open VXX Mar 12 2021 19.5 Calls at $0.04 Credit.
VXX was at 16.15 for the first trade and 16.30 for the second.

Also rolled out my VXX 03/05/2021 19.5 Puts to next week for 0.30 Credit and
rolled out my VXX 03/05/2021 19.0 Puts to next week for 0.35 Credit.

TQQQ

Sold 1 TQQQ MAR 19 21 $61.0 Put @ 1.28 with TQQQ at 79.50

UVXY

Bought to close UVXY Mar 05 2021 8.00 Puts @ 0.01. They won’t trade any lower.
This was the short side of a #ContangoSpecial trade put on Monday and was sold @ 0.13 for a 0.10 Credit on the spread.
So I’m now long UVXY Apr 16 2021 “lottery ticket” 5.00 Puts for free with more than a month to go.

VXX

Sold to open VXX Mar 12 2021 22.0 Calls at $0.33
Sold to Open VXX Mar 12 2021 21.5 Call at $0.35.

Also rolled out my VXX 03/05/2021 21.0 Puts to next week for 0.25 Credit.

VXX = 15.50

TQQQ

Added a tiny bit more:
Sold TQQQ Mar 19 2021 65.0 Put at $1.70

TQQQ = 83

VIX

up 10% today

VXX Puts

Rolled my VXX 03/05/2021 22.0 Diagonal Puts out to next week for a 0.20 Credit

VXX Spreads

Buy to Open VXX Mar 19 2021 30.0 Calls / Sold to Open VXX Mar 05 2021 17.5 Calls @ 0.04.
Buy to Open VXX Mar 19 2021 31.0 Calls / Sold to Open VXX Mar 05 2021 17.5 Calls @ 0.04.
Buy to Open VXX Mar 19 2021 32.0 Calls / Sold to Open VXX Mar 05 2021 18.0 Calls @ 0.03.
Buy to Open VXX Mar 19 2021 33.0 Calls / Sold to Open VXX Mar 05 2021 18.0 Calls @ 0.03.
Buy to Open VXX Mar 19 2021 34.0 Calls / Sold to Open VXX Mar 05 2021 18.0 Calls @ 0.03.
Short DTE = 2
Long DTE = 16

VXX at 15.30. Double top on the 1 minute chart today at about 15.57

I’ve got VXX 15.50 and 15.0 short puts for Friday I’d love to be out of so I’m encouraging it to go up

TQQQ

Sold 1 TQQQ Mar 19 2021 63.0 Put @ 1.06.
Sold 1 TQQQ Mar 19 2021 62.0 Put @ 1.07.

VXX

New VXX Diagonal Spread
Bought to open VXX Apr 16 2021 41.0 Calls / Sold to Open VXX Mar 12 2021 19.0 Calls @ 0.02 Credit.
Pushing my long hedge position for future writes out to April.

VXX Calls

Using this morning’s pop in volatility to venture into next week’s calls
Sold VXX 03/12/2021 19.0 Calls @ 0.38 & 0.43
Sold VXX 03/12/2021 20.0 Calls @ 0.34 & 0.38
Sold VXX 03/12/2021 21.0 Calls @ 0.30 & 0.34

I’ve turned some more short put spreads into Iron Condors.

VXX is at 15.30

TLRY

A couple of adjustments to my TLRY position.
Rolled down my TLRY Mar 05 2021 34.0 Put to a TLRY Mar 12 2021 33.0 Put at $0.35 Credit

Added a couple of Bear Call spreads to convert some put spreads to Iron Condors
Bought 1 TLRY Apr 16 2021 70.0 Call / Sold 1 TLRY Mar 05 2021 28.0 Call @ 0.16 Credit
Bought 1 TLRY Apr 01 2021 60.0 Call / Sold 1 TLRY Mar 05 2021 28.0 Call @ 0.22 Credit

SPY Call

Sold 1 SPY MAR 03 2021 $393.0 Diagonal Call @ 1.15.

The strike is at near term resistance in SPY

UVXY Contango Special

Bought to open UVXY Apr 16 2021 5.00 Puts / Sold to Open UVXY Mar 05 2021 8.00 Puts at $0.10 Credit.

UVXY is 8.65 and I have excess long puts from earlier spreads.

Short DTE = 4
Long DTE = 46

SPY

Sold to open 1 SPY MAR 01 2021 $389 Diagonal Call @ 1.06 after an 8 point bump in SPY in just 2 hours.

Turns my short put spread into an Iron Condor Spread

VIX

30.82 high today before pulling back and closing down on the day.
Pretty nice double top and not quite as high as yesterday’s 31.16 peak

TLRY

Rolled down my last short put for this week.
Bought to close 1 TLRY Feb 26 2021 26 Put / Sold to Open 1 TLRY Mar 05 2021 25 Put @ 0.40 Credit

TLRY Win-Win

Closed out another diagonal spread I put on with profits on both sides
Bought to close TLRY 02/26/2021 26.0 Short Calls @ 0.01 – Sold @ 0.90 (avg price) on 02/23
Sold to close TLRY 04/16/2021 70.0 Long Calls @ 0.93 – Bought @ 0.61 (avg price) on 2/23

SPY Put Rolldown

Bought to close 1 SPY Feb 26 2021 377.0 Put at $0.01. Sold @ 1.51 on 02/23.
Sold to Open 1 Contract SPY Mar 05 2021 370.0 Put @ 1.43.
#DoubleDip Sale on my long March 150 Put and 7 points lower

AMC Win-Win

Closed out the diagonal spread I put on yesterday with profits on both sides
Bought to close AMC 02/26/2021 8.0 Short Calls @ 0.13 – Sold @ 0.79
Sold to close AMC 03/26/2021 12.0 Long Calls @ 0.91 – Bought @ 0.77

SPY Rollup

After several rolls laterally I’m finally able to roll this one up.
Bought to close 1 SPY Feb 26 2021 377.0 Call / Sold to Open 1 SPY Mar 03 2021 380.0 Call @ 0.38 Credit

SLB Call roll

Bought to close SLB Feb 26 2021 27.5 Calls / Sold to Open SLB Mar 05 2021 28.5 Calls @ 0.12 Credit plus another point higher for next week.

I’m expecting my SLB 28.50 and 29.50 short calls for today to expire.

VXX Call Rolls

Even though today’s VXX calls would have expired I couldn’t pass up the great premiums for next week while waiting for this weeks calls to roll off.
Bought to close VXX 02/26/2021 20.0 Calls @ 0.09. Sold these @ 0.23 earlier this week.
Bought to close VXX 02/26/2021 21.0 Calls @ 0.06. Sold these @ 0.19 earlier this week.
Bought to close VXX 02/26/2021 22.0 Calls @ 0.04. Sold these @ 0.15 earlier this week.

Replaced all the above with options 2 points higher in strike. (Hopefully that is enough)
Sold VXX 03/05/2021 22.0 Calls @ 0.61
Sold VXX 03/05/2021 23.0 Calls @ 0.58
Sold VXX 03/05/2021 24.0 Calls @ 0.56.

VXX peaked at 17.29

VXX Puts closed

Bought to close VXX Feb 26 2021 15 Puts Limit at $0.01. Sold these on a rolldown last Friday at 0.50

TLRY

Rolled all but 1 of my TLRY short puts to next week.

Also put on some bear call spreads to lessen the pain a bit.

Sold 02/26 26.0 Calls @ 27.0 Calls while buying April 70 calls to hedge.

Either my remaining put will expire or the calls will and I’ll roll what I need to tomorrow afternoon.

VIX closed above 29

Up 33 % and Hit 31.16

AMC

Sold AMC Feb 26 2021 6.5 Puts @ 0.10 & AMC Feb 26 2021 6.0 Puts @ 0.05 against some left over Jun 2.0 long puts I already own.

Also Sold Feb 26 2021 8.0 Calls while buying AMC March 26 12.0 Calls @ 0.02 Credit.

So I have 6.0/8.0 and 6.5/8.0 short strangles expiring tomorrow.. Waiting to see what kind of opening we get Friday.