Bought to close 1 RIVN Mar 04 2022 67.0 Call at $0.01. Sold on Monday at $2.15
Bought to close RIVN Mar 04 2022 65.0 Calls at $0.01. Sold on Monday at $2.41
Category Archives: Uncategorized
LABU Put Rolldown
Bought to close LABU Mar 04 2022 15.5 Puts at $1.20. Sold last week on a roll at $1.55
Sold to open LABU Mar 11 2022 14.5 Puts at $1.25 and gained a point on the short strike.
I’ve got LABU Bear Call spreads at 18 and 18.50 plus Covered Calls at 20 and 20.50 expiring at the close
February Jobs report
#Jobs — Above expectations again
Gain of +678,000 non-farm payroll jobs, vs. expected gain of 444K
Unemployment drops to 3.8%, down by 0.1 (vs. estimate of unchanged)
U6 unemployment at 7.2%, up by 0.1
Labor force participation 62.3%, up by 0.1
Wage growth sluggish at only 0.03%. increase, vs. 0.5% estimate.
December jobs revised up by +78K to +588K
January jobs revised up by +14K to +481K
LABU
RIVN Calls Closed
Bought to close 1 RIVN Mar 04 2022 68.0 Call at $0.01. Sold on Monday at $2.53
Also bought to close RIVN Mar 04 2022 79, 80 and 81 calls at $0.01. Sold all those at $0.22 on Monday.
RSX Put Rolldown
Bought to Close RSX Mar 04 2022 6.5 Puts at $1.20
Sold to Open RSX Mar 11 2022 5.5 Puts at $1.48. at $0.28 Credit and lowered the strike a full point
SPX 1-dte
#SPX1dte Sold to pen $SPX Mar 4th 4220/4240-4470/4490 condors for 1.55, SPX at 4366, IV 31.4%, deltas -.07 +.05
ARKK NFLX TQQQ
#CoveredCalls #ShortPuts – A few today.
ARKK: Another round.
Bought to Close ARKK MAR 4 2022 69.0 Call @ .16 (sold for 1.25)
Bought to Close ARKK MAR 4 2022 70.0 Calls @ .10 (sold for 2.21)
Sold ARKK MAR 11 2022 67.0 Calls @ 1.72
NFLX: Selling next week’s early. Letting this week’s wind down.
Sold NFLX MAR 11 2022 375.0 Call @ 10.00
TQQQ: Taking one and adding one.
Bought to Close TQQQ MAR 4 2022 50.0 Put @ 1.24 (sold for 2.21)
Sold TQQQ APR 8 2022 45.0 Put @ 3.60
FXI
STO FXI Apr14’22 31 PUT @0.50
RSX ERUS
now blocked by Schwab but not Fido.
Bought a tiny bit more of ERUS at $7.33.
SNOW Mar
Post-earnings sold to open $SNOW Mar 18 200/190 bull put spread @ 1.90
LABU
#coveredcalls
STO 4 MAR 2022 17.5 CALL @.45 NYSE
SPY
#ShortPuts – Taking off my highest strike for beer money.
Bought to Close SPY MAR 18 2022 420.0 Put @ 4.95 (sold for 5.50)
CRM Call Roll
#coveredcalls
$CRM BTC 3/4 210 call and STO 3/11 215 call at added credit of .30. Gain $5 if called away
SOXL
#coveredcalls
sto 11 MAR 2022 50 CALL @.26
DWAC LABU Call
#coveredcalls
$DWAC STO 3/4 103 call at 2.50
$LABU STO 3/4 17.5 call at .45
BTU,
STO April 14, 20 put at 2.60
FCX,
STO March 18, 48 put at 2.30
XLV early Put roll
Bought to close XLV Mar 04 2022 133.0 Puts at $2.60. Sold on a roll last week at $7.77
Sold to Open XLV Mar 11 2022 132.0 Puts at $2.65 for a $0.05 Credit and gained a point on the short strike
TQQQ,
STO June 17, 80 call at 1.02,I think we are in a long term bear market.
SOXL
#CoveredCalls – Sold SOXL MAR 11 2022 38.0 Calls @ 3.50
C Stock
Started a tiny new position in C at $56.98
RSX Diagonal Puts
Bought to Open RSX May 20 2022 3.0 Puts at $0.55
Sold to Open RSX Mar 04 2022 6.5 Puts at $0.70 for a $0.15 Spread Credit
Long DTE = 79
Short DTE = 2
If this war drags on in the Russian Markets stay closed, I should get multiple re-writes on the long.
#OnlySpreads
SPX trades
#SPX Sold to close $SPX Mar 2nd 4400/4420 call spreads for 1.95. Bought yesterday for 2.20. This did not work out the way I wanted, as we went lower rather than higher into yesterday’s close. I fortunately got the opening bounce I was looking for, but from the lower level it’s not enough, so I’m closing now to keep the loss small. Theta is a stone-cold killer on options expiring today. I’m not waiting for the small (but possible) chance of a huge spike up based on what Powell says. I’ll save the chips for another day.
Powell Testimony Today & Tomorrow
For anyone who wants to watch, it starts at 10:00 AM Eastern:
VXX Call
Just before the close Sold VXX Mar 04 2022 32.0 Call at $0.40.
VXX Close at 26.67
SPY
#ShortPuts #CoveredCalls – Late fills.
Rolled SPY MAR 2 2022 416.0 Call to MAR 4 2022 416.0 Call @ 1.50 credit (4.80 total now)
Sold SPY APR 14 2022 380.0 Put @ 5.05
RSX
Right at the close, added a tiny bit of RSX at $8.26 on an 8.50 limit order.
Someone really, really wanted out.
#FallingKnife
SPX trades
#SPX Bought to open $SPX Mar 2nd 4400/4420 call spreads for 2.20, with SPX at 4305. Just a small trade that we will move up into the close, or open higher tomorrow. Looking for a double or triple, not the full 20 spread.
APTV JPM PVH Stock
Added a tiny bit of APTV at $117.oo
Added a tiny bit of JPM at $134.00
Started a position in PVH at $89.00
RSX
STO RSX Jan’23 20/10 Bull Put @8.05
B/E at $11.95
VXX Puts
Bought to open VXX JAN 20 2023 6.0 Puts at $0.14.
Setting up some long puts to write against on the next VXX Pullback
#VXXContango
VXX Call Ladder
Sold VXX Mar 04 2022 33.0 Calls at $0.22 & $.028
Sold VXX Mar 04 2022 32.0 Calls at $0.22 & $0.27
Sold VXX Mar 04 2022 31.0 Calls at $0.27 & $0.40
Sold 1 VXX Mar 04 2022 30.0 Call at $0.40
Sold 1 VXX Mar 04 2022 29.0 Call at $0.48
Sold against leftover long calls from old Diagonal call spreads
#OnlySpreads
RSX
#BullPutSpreads – Going out in time with defined risk. Breakeven at 13 and max loss 3.
Sold RSX JAN 20 2023 30.0/10.0 Bull Put Spreads @ 17.00
APTV BWA IVZ JPM VTRS Stocks
Started a tiny position in APTV at $125.00
Started a tiny position in BWA at $39.83
Started a tiny position in IVZ at $19.83
Started a tiny position in JPM at $139.57
Added to my position in VTRS at $10.68
#SP500 #FallingKnife
RUSL
SPXpire
#SPX1dte Expired: $SPX Feb 28th 4190/4210-4490/4510 condors, sold Friday for 1.35
labu
sto 4 MAR 2022 12 PUT @.08
sto 4 MAR 2022 12.5 PUT @.13
—————–
soxl
sto 4 MAR 22 26 PUT @.11
AA Put
#shortputs
$AA STO 3/4 72 put at .95
ERUS ETF
iShares MSCI Russia ETF ERUS
Made a couple of tiny buys at $19.10 and $18.60.
TNA TQQQ Covered Calls
Sold TNA Mar 04 2022 67.0 Calls at $0.79
Sold TQQQ Mar 04 2022 57.0 Calls at $0.51
Sold TQQQ Mar 04 2022 56.0 Calls at $0.66
RIVN Call Ladder
Sold to Open 1 RIVN Mar 04 2022 68.0 Call at $2.53
Sold to Open 1 RIVN Mar 04 2022 67.0 Call at $2.15
Sold to Open RIVN Mar 04 2022 65.0 Calls at $2.41
SVXY
#ShortPuts – VIX 32 and futures in steep backwardation and this thing is still above 50. Small add here.
Sold SVXY APR 14 2022 45.0 Put @ 2.35
http://vixcentral.com/
Casualties of War
Made 3 tiny buys already today in #SP500 stock EPAM at:
$338.69 (former 52-week low)
$223.89
$203.00
A real #FallingKnife
CRWD Call Roll / DWAC LABU TQQQ Call
#coveredcalls
$CRWD BTC 3/4 190 call and STO 3/11 195 call at added credit of 3.60
$DWAC STO 3/4 100 call at 1.35
$DWAC STO 3/4 94 call at 2.80
$LABU STO 3/4 18.5 call at .65
$TQQQ STO 3/4 56 call at .95
Market Timing Awareness
I just wanted to post this today, because this market timing model is based on ignoring intra-month noise and only checking the signal at the close of the month (today). That way, it avoids a lot of the whipsaws that plague many timing systems, at the expense of being slower acting. Barring any massive rallies, it looks like it will flip to bearish at the close today.
Basically, it holds either SPY or IEF, based on whether SPY is above its 200-Day MA at the close of the month. I used the similar Vanguard mutual funds to be able to extend the backtest (below).
Here it is:
https://bit.ly/36T6xZH
Feel free to use or ignore. I just thought it might help give an overview of where the market is right now.
VXX Call Ladder
Sold to Open:
VXX Mar 04 2022 28.0 Calls at $0.59
VXX Mar 04 2022 27.0 Calls at $0.74
VXX Mar 04 2022 26.0 Calls at $0.97
VXX Mar 04 2022 25 Calls at $1.26 and $1.27
VXX Mar 04 2022 24.5 Calls at $1.44
Replacing similar calls that expired Friday
#DoubleDip
LABU Puts and Calls
Bought to open LABU Mar 18 2022 24.0 Calls / Sold to Open LABU Mar 04 2022 18.5 Calls at $0.10 Credit
Bought to open LABU Mar 18 2022 25.0 Calls / Sold to Open LABU Mar 04 2022 18.0 Calls at $0.35 Credit
Sold LABU Mar 04 2022 20.0 Covered Calls at $0.20 on half my long stock.
Sold LABU Mar 04 2022 20.5 Covered Calls at $0.20 on the other half my long stock.
Bought to open LABU Mar 18 2022 10.0 Puts / Sold to Open LABU Mar 04 2022 13.5 Puts at $0.06 Credit
Sold to close some excess long LABU Mar 04 2022 14,0 Long Puts at $0.50 left over from an old Diagonal Bull Put spread. Bought on 02/10 at a $0.38 average price.
ROKU
#JadeLizards – Was hoping for 90 on this thing not 140. Taking small gain on Jade Lizard and hoping for another drop to reload.
Bought to Close ROKU MAR 18 2022 90.0/120.0/125.0 Jade Lizard @ 4.15 (sold for 5.05)
Stocks
Not everything went down this week
Sold the highest cost of my remaining lots of TFX at $343.00. (pennies away from the 2022 YTD high)
Bought on 11/19/2021 at $320.00
Former #FallingKnife
Options Expiration
Expired:
LABU 30/17 Bear Call Spreads
LABU 16.5 Covered Calls (just barely)
RIVN 79/73 Bear Call Spread
RIVN 78/73 Bear Call Spread
RIVN 77/72 Bear Call Spread
RIVN 77/71 Bear Call Spread
RIVN 76/70 Bear Call Spread
RIVN 75/70 Bear Call Spread
RIVN 74/69 Bear Call Spread
RIVN 56.0 Diagonal Puts
RIVN 55.0 Diagonal Puts
TNA 62.0 Covered Calls
TNA 54.0 Diagonal Put
TQQQ 55.0 Covered Calls
VXX 55/28 Bear Call Spreads
VXX 54/28 Bear Call Spread
VXX 41/27 Bear Call Spread
VXX 31/27 Bear Call Spreads
VXX 26.0 Diagonal Calls
VXX 25.0 Diagonal Calls
VXX 24.5 Diagonal Calls
Assignments:
None
Expired / Assigned / O Strangle
#coveredcalls #syntheticcoveredcall
$DWAC 100 call
$DWAC 92 call
$DWAC 90 call
$RIVN 67 call
$EXAS 90 Call
$BX 130 call
$PTON 28 call assigned
$PFE 47.5 Call Assigned
#shortstrangles
$O STO 3/18 70/67.5 strangle at 1.85
SOXL
feb 25 2022 45 CALL /sto 2.01
feb 25 2000 44 call sto /.90
LABU
labu feb ,25 2022 12.5 put/ sto .07
labu feb ,25 2022 12 put /sto .10
———–
#coveredcalls
Sto SOXL 4 MAR 2022 48 CALL @.40
sto soxl MAR 4,50 call @.70
—————–
#assignment
soxl feb 25, 50put /sto 2.76
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 28th 4190/4210-4490/4510 condors for 1.35, SPX at 4377, IV 21%, deltas -.06 +.04.
Giving myself a lower delta on call side in case rally continues.
SOXL SPY TQQQ XBI
#ShortPuts #CoveredCalls – A few fills this morning.
SOXL: Rolling covered and adding.
Rolled SOXL FEB 25 2022 35.0 Calls to MAR 4 2022 36.0 Calls @ .10 credit (7.60 total now)
Sold SOXL MAR 11 2022 40.0 Put @ 3.50 (adding)
SPY: Why didn’t someone tell me the S&P would rally 265 points right after I sold this? Uugh.
Rolled SPY FEB 25 2022 415.0 Call to MAR 2 2022 416.0 Call @ .30 credit
TQQQ: Covered
Rolled TQQQ FEB 25 2022 46.0 Calls to MAR 4 2022 47.0 Calls @ .25 credit (9.45 total now)
XBI: Just a single contract I’m messing with.
Rolled XBI FEB 25 2022 90.0 Put to MAR 4 2022 90.0 Put @ 1.60 credit (4.40 toal now)
SPX stopped
#SPX1dte Bought to close $SPX Feb 25th 4385/4405 call spreads for 3.50. Condors sold yesterday for 1.55. Takes away much of this week’s profit, but that’s the way the ticker bounces.
SPY Put Ladder
#takingprofits #spyladder #shortputs – As I posted last Friday, if SPY were to close today below its 50-Wk MA (438.95), I planned to exit my open puts and wait on the sidelines until a new uptrend takes shape. I’m skeptical that SPY will get there by the close and stay there, so I went ahead and took advantage of the rally to close all open puts:
BTC SPY March 4 2022 409 Put @ 1.20 (sold for 2.20)
BTC SPY March 4 2022 408 Put @ 0.95 (sold for 2.20)
If SPY does manage to close today above the MA, I’ll assume we’re still in an uptrend and resell on any weakness next week.
LABU XLV excess Long Puts closed
Missed these from yesterday
Sold to close LABU Mar 18 2022 20.0 Puts at $5.10. Bought at $3.30 and $3.83 in Mid-January
Sold to close XLV Mar 18 2022 109.0 Put at $0.62. Bought on 01/04 at $0.31
Sold to close XLV Mar 18 2022 114.0 Put at $0.95. Bought on 01/10 at $0.55
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 25th 4120/4140-4385/4405 condors for 1.55, SPX at 4271, IV 35.6%, deltas -.07 +.06
VXX Puts
Bought to close VXX Feb 25 2022 19.0 Puts at $0.01
Sold 1 VXX Feb 25 2022 23.5 Put Limit at $0.20, $0.27 & $0.40
Sold 1 VXX Feb 25 2022 23.0 Put Limit at $0.12 & $0.16
Sold VXX Feb 25 2022 22.5 Put Limit at $0.08
NFLX SOXL TQQQ
#CoveredCalls – A few…
NFLX:
Bought to Close NFLX FEB 25 2022 400.0 Call @ .13 (sold for 7.25)
Sold NFLX MAR 04 2022 390.0 Call @ 6.50)
SOXL:
Sold SOXL MAR 4 2022 40.0 Calls @ 1.60
TQQQ:
Sold TQQQ MAR 4 2022 47.5 Calls @ 1.25
TNA Calls
Sold to open TNA Feb 25 2022 57.0 Calls at $0.38
Sold to Open TNA Feb 25 2022 57.5 Calls at $0.30
One last write against leftover long calls from earlier spreads.
Stocks on the big down opening:
#SP500 at or below old lows
Added ADBE at $418.59
Added ADSK at $201.00
Added AES at $20.00
Added ANSS at $281.41
Added BIIB at 204.86
Added CAT at 182.00
Added CDAY at $62.87
Added CMCSA at $44.46
Added CMI at $200.00
Added CRM at $185.00
Added DISH at $26.00
Added EBAY at $50.00
Added ECL at $170.00
Added ETSY at $110.30
Added FB at $190.81
Added FDX at $208.25
Added FIS at $91.42 (3-year low)
Added GPS at $13.19
Added KMX at $97.59
Added MHK at $133.03
Added MMM at $140.00
Added PPL at $25.72
Added PYPL at $94.68
added PTC at $104.00
Added SWK at 151.60
Added ZBRA at $386.95
Not an #SP500 stock
Added COIN at $158.00
#FallingKnife Trades
TSLA
STO TSLA Mar18’22 500 PUT @6.00
On a GTC order at the open.
RSX
STO RSX Mar18’22 10 PUT @0.70
Russia ETF
VXX Long term Put
Bought 1 VXX Jan 19 2024 5.0 Put at $0.63
VXX Calls
Sold to open VXX Feb 25 2022 28.0 Calls at $0.94.
In lieu of writing any more short VXX calls I dumped some of my old long (Fully paid for) hedges at gains.
Sold to close VXX Feb 25 2022 30.0 Calls at $0.62. Bought on 02/10 at $0.29
Sold to close VXX Feb 25 2022 31.0 Calls at $0.40. Bought on 02/08 at $0.26.
I’m guessing both of these old longs would have expired worthless.
VXX high so far today is 27.45
#OnlySpreads
Early Put Rolls
Rolled 1 XLV 130 Put to next week for $0.15 Credit
Rolled XLV 133 Puts to next week for $0.04 Credit
Rolled RIVN 69 Puts to next week for $0.20 Credit
Rolled RIVN 80 Puts to next week for $0.24 Credit
SPY
#CoveredCalls – Been dabbling buying a few shares on the drop. Overnight finally got to my first 100. Experimenting with short term covered calls. A little early on this one.
Sold SPY FEB 25 2022 415.0 Call @ 3.00
UVXY thinking about a leap…
UVXY thinking about a leap Bear Put Spread Feb’23 6/8, nice R/Rwrd
TNA TQQQ Call Ladders
Before the collapse
Sold TNA Feb 25 2022 60.0 Calls at $1.02
Sold TNA Feb 25 2022 62.0 Calls at $0.52
Sold TQQQ Feb 25 2022 52.0 Calls at $0.79
Sold TQQQ Feb 25 2022 53.0 Calls at $0.56 & 0.69
Sold TQQQ Feb 25 2022 54.0 Calls at $0.26 & 0.36
Sold TQQQ Feb 25 2022 55.0 Calls at $0.21
VXX Calls
Sold VXX Feb 25 2022 27.0 Calls at $0.27
VXX Put
Bought 1 VXX Jan 19 2024 5.0 Put at $0.72
#VXXContango long put
More Stocks
The decline is getting serious
Bought all the following #SP500 stocks at new lows
ADSK at $212.00
AES at $20.60
HON at $180.00
MNST at $80.00
SBUX at $89.51
TJX at $60.00
TROW at $140.00
TT at $149.00
UAA at $15.79
#FallingKnife Trades
labu
sto 25 FEB 2022 12.5 PUT @.10
Options Bistro 