NFLX put spread

Sold to open $NFLX Jun 17 160/150 bull put spread @ 2.03

BYND put spread

Post earnings bouncing off the lows, sold to open $BYND Jun 17 20/15 bull put spread @ 1.20

T2108 update

Got to around 12 today

SPOT put spread

Sold $SPOT Jun 17 90/80 bull put spread @ 1.85

DIS Falling Knife

Tempted to bite at this #FallingKnife. Maybe sell Jan 2023 60 puts currently around 1.00. Strike is the lowest in the chain and 20 points below the pandemic low from March 2020. Watching. Does Mickey still have further to fall?

NFLX put spread

The craziness seems to be slowing down. Sold to open $NFLX May 20 190/180 bull put spread @ 2.05 credit, short puts 22 delta. Price got down to -4 standard deviations.

USO Butterfly

Borrowing an idea from TastyTrade.
Sold $USO May 20 77/80/89 broken wing butterfly @ .90 credit.

Closing June TSLA

Bought to close $TSLA Jun 17 600 put @ 4.35. Sold for 21.00 on 1/6. Taking it off for around 80% of the max profit a couple of months early.

SNOW Mar

Post-earnings sold to open $SNOW Mar 18 200/190 bull put spread @ 1.90

Rolling TQQQ

Rolled $TQQQ Feb 18 62.50 puts out to Mar 18 62.50 @ .85 credit

TQQQ March

Sold to open $TQQQ Mar 18 40 puts @ 1.20

Rolling LABU

Rolled Feb 18 24 puts down and out to Mar 18 23 puts @ .40 credit with the underlying at 19.50

Closing SPOT

Bought to close Feb 18 150/140 bull put spread @ .60. Sold for 2.00 on 2/3.

VXX puts

Bought to open $VXX Feb 25 22 puts @ 3.11 with VXX around 20. Looking for further contract in volatility. VIX still above 22.

SPOT Feb

Post-earnings sold to open $SPOT Feb 18 150/140 bull put spread @ 2.00

Volatility

And here comes the $VIX and /VX futures back down

SPY head & shoulder

$SPY On 1/13 I posted about a completed head & shoulder on the daily. If we just went with pure technicals/measured move then the projected moved down would have been around 23 points from the top of the head to the neckline. Going 23 points down from there to calculate measured move would bring us to around SPY 433. Currently trading near there at 432.50.

Of course this is a minimum measured move but still notable IMO. For what it’s worth.

NFLX put spread

Sold $NFLX Feb 18 350/340 bull put spread @ 2.55. IV rank 87.

UVXY call spreads

Sold to open Mar 18 30/40 bear call spread @ 1.10

Worden charts

T2108
Screen Shot 2022-01-24 at 8.52.18 AM

T2122
Screen Shot 2022-01-24 at 8.52.34 AM

T2108

Bouncing around 14

VIX futures

Not that it’s much of a surprise but the futures have flipped to backwardation.
http://vixcentral.com/

SPY chart

$SPY Seeing what looks like the completion of a head & shoulder on the daily. Be careful out there.

AMZN 1/28

Speculative trade/small position. Sold to open $AMZN Jan 28 3090/3080 bull put spread @ 1.80. Strikes are below the big flush/intraday low on 1/10. Expiration is prior to earnings.

TQQQ 2/25

Sold to open $TQQQ Feb 25 110 put @ 5.55

Rolling TQQQ

Rolled $TQQQ Jan 14 140 put down 15 points and out to 2/18 125 put @ 1.60 credit.

Closing AMC

Bought to close $AMC Jan 21 22 puts @ 2.12. Sold for 2.30 on 12/17.

Closing AMZN

Bought to close $AMZN Jan 21 3150/3200/3800/3850 iron condor @ 26.55. Sold for 14.40 on 12/9.

Closing DIS

Taking this off a couple of months early. Bought to close March 18 115 puts @ .35. Sold for 2.04 on 12/3.

TQQQ 1/14

Sold to open $TQQQ Jan 14 140 put @ 2.85

XBI Feb

Sold to open $XBI Feb 18 95 puts @ 1.80. Strike at 20 delta and at a level the underlying as seen in over a year and a half. IV very high (IV rank 65).

AAPL short puts

Sold to open $AAPL Feb 18 155 puts @ 1.90. Delta 16. Strike is near support, about 10 points below the 50 day moving average. ER 1/27.

TSLA June

Not quite a #FallingKnife with the stock technically still in an uptrend but with my short Jan 600 put likely to expire in a couple of weeks I thought I would take advantage of this increase in volatility to sell another longer term position.

Sold to open $TSLA 6/17 600 put @ 21.00.

QQQ Feb

Going back in. Sold to open $QQQ Feb 18 360/370/415/425 iron condor @ 2.78.

Closing LABU

Bought to close $LABU Jan 7 30 puts @ .29

Closing QQQ

Was waiting for a decent pullback in the Nasdaq to get out of this. Bought to close $QQQ Jan 21 350/360/410/420 iron condor @ .92. Sold for 2.75 on 12/15.

Closing ADBE

Bought to close $ADBE Jan 21 525/505 bull put spread @ 1.50. Sold for 4.15 on 12/16

Happy New Year to the Bistro Family!

Wishing all of you a healthy, happy and prosperous 2022.

LABU Feb

Sold to open $LABU Feb 18 24 puts @ 1.05

Closing DOCU

Bought to close $DOCU Jan 21 130/120 bull put spread @ .67. Sold for 3.21 on 12/3. Don’t want to wait a month for the last 20%.

Closing LABU 12/31

Bought to close $LABU Dec 31 30 puts @ .15. Sold for 1.40 on 12/9.

Taking some LABU off

Bought to close Dec 23 32 puts @ .30. Sold for 1.45 on 12/9

T2108

Current reading 14.70
Screen Shot 2021-12-20 at 8.14.55 AM

AMC Jan

Sold to open $AMC Jan 21 22 puts @ 2.30. 22 delta.

ADBE post-earnings

Not calling a bottom but definitely slowing downside momentum. Sold $ADBE Jan 21 525/505 bull put spread @ 4.15. Short puts 26 delta, IV still high, IV rank 60.

QQQ Iron Condor

Sold to open Jan 21 350/360/410/420 iron condor @ 2.75. Short strikes at 20 delta. IV rank 48.

LABU ladder

Sold the following ladder:
$LABU Dec 23 32 puts @ 1.45
$LABU Dec 31 30 puts @ 1.40
$LABU Jan 7 30 puts @ 1.80

AMZN Iron Condor

Selling some premium here with IV still a bit elevated. Sold to open $AMZN Jan 21 3150/3200/3800/3850 iron condor @ 14.40. Short puts 17 delta, short calls 21 delta.

Closing CAT for a small profit

Been rolling this one around since I put the original 185/220 strangle on. Position was rolled down and up 3 times to end up with a 200 straddle.

Bought to close $CAT 12/17 200 straddle @ 8.30. Total premium taken in 8.66, so a profit of .36.

Will look to reinitiate something in Jan with IV still elevated.

DIS long term short puts

An OG @optioniceman #FallingKnife trade. Sold $DIS Mar 18 2022 115 puts @ 2.04, delta 12. Stock trading at 145.50, down around 30% from its 2021 highs. The strike price is at a level not seen since July 2020. If it’s below that price in March I’ll likely take assignment for just under 113.

DOCU-slammed

Down 40% after earnings.
Sold to open $DOCU Jan 21 130/120 bull put spread @ 3.21

Closing SPX

BTC $SPX Dec 4520/4545/4705/4730 iron condor @ 9.20. Sold for 4.10 this morning.

CAT adjustment

Rolled $CAT Dec 17 210 calls down to 200 @ 1.90 credit. Position is now a short 200 straddle with 8.66 total premium taken in. Breakevens 191.34 and 208.66.

SPX 3 day trade

Sold to open $SPX Dec 3 4520/4545/4705/4730 iron condor @ 4.10 with SPX at 4640. Short puts 13 delta, short calls 12 delta.

Omicron Overreaction?

Some food for thought: https://www.zerohedge.com/covid-19/covid-cases-south-africas-omicron-epicenter-decline-hysteria-rattles-markets

Of course part of today (and maybe a big part of it) is Powell and the Fed’s hawkish posturing about inflation.

LABU Jan

Sold to open $LABU Jan 21 30 puts @ 1.46

CAT adjustment

Rolled $CAT Dec 17 220 calls down to 210 (18 delta). Position is now 200/210 strangle with 6.76 premium taken in, breakevens 193.24 and 216.76 with the stock around 196.

Rolling AMZN

Rolled $AMZN 12/3 3420/3430/3650/3660 iron condor out to 12/31 3560/3570/3790/3800 iron condor @ .70 credit. Total credit brought in now 4.70.

Closing TQQQ Bought to close…

Closing TQQQ
Bought to close $TQQQ Nov 19 70 put @ .01

Skipping the SPX weekend trade this week

Been doing pretty well with the over the weekend bear call spreads but not really enough premium this week to make it worth the risk. Sitting this week out.

Closing Z

Taking the remaining risk off. Bought to close $Z Nov 19 60 puts @ .40. Sold for 2.25 on 11/3.

SPX expiration

$SPXW Nov 8 4725/4750 bear call spread (weekend trade). Sold for 1.40 on Friday just after the close.

Rolling up CAT

Rolled $CAT Dec 17 185 puts up to 200 puts (23 delta) for 1.78 credit. Position is now 200/220 strangle with the stock at 213.50. Total premium now 5.96.

SPX weekend trade

Was hoping for a stronger move up into the close like the last 1,000 Fridays to get more premium but this will have to do.

Sold to open $SPXW Nov 8 4725/4750 bear call spread @ 1.40, short strike 14 delta.

Closing ROKU calendar

I put this on yesterday and completely lost track of it this morning. I would have closed for a much smaller loss but this one was mostly pilot error. Sold to close $ROKU Nov5/Nov 12 300 put calendar @ 1.30. Bought for 3.59 yesterday.

Rolling AMZN

With the stock breaching the call spread, rolled $AMZN Nov 19 3190/3200/3530/3540 iron condor out to Dec 3 3420/3430/3650/3660 iron condor @ .50 credit. Total premium taken in now 4.00.

ROKU calendar

Borrowing a page from @tradelikeahawk and putting on a 1 day post earnings calendar. Bought Nov 5+Nov 12 300 put calendar @ 3.59.

Closing LABU

Bought to close $LABU Nov 19 35 puts @ .05. Sold for 1.20 on 9/29.

Closing SKLZ

Bought to close $SKLZ Nov 19 12.50 puts @ 1.55. This was a position that was rolled a couple of times:
-On 9/3 sold the Sep 17 12.50 puts @ 1.15
-On 9/15 rolled to Oct 15 for .51 credit
-On 10/15 rolled to Nov 19 for .30 credit
Total credit taken in 1.96 (.41 profit)

Closing SPX weekend trade

Bought to close $SPXW Nov 1 4630/4655 bear call spread @ .20. Sold for 2.00 Friday.

SPX weekend trade

Sold to open $SPXW Nov 1 4630/4655 bear call spread @ 2.00. Short calls around 18 delta. I will take this off early Monday on a down, flat or slightly up open.

AMZN: Adding a call spread

Sold $AMZN Nov 19 3530/3540 bear call spread @ 1.50 to create an iron condor with the 3200/3190 bull put spread I sold earlier today. Total premium now 3.50 with 10 point wide wings.

AMZN put spread

Sold to open $AMZN Nov 19 3200/3190 bull put spread @ 2.00

Closing TQQQ

Following @jsd501‘s lead and starting to close some positions.
Bought to close Nov 5 85 put @ .02. Sold for 1.55 on 9/28.

CAT post-earnings strangle

Sold 12/17 185/220 strangle @ 4.18. Puts 20 delta, calls 18 delta.