Bought the following for new long positions for #VXXContango Trades
VXX Apr 14 2022 12 Puts at $0.05
VXX Apr 14 2022 13 Puts at $0.11
VXX May 20 2022 11 Puts at $0.13
VXX Jan 20 2023 6 Puts at $0.25
1 VXX Jan 19 2024 5 Put at $0.75
Category Archives: Uncategorized
Markets
So if Russia doesn’t invade by the market open, how does the market react?
soxl labu
#optionsexpiration
labu feb 11 2022 13.5 put/ sold for .10
labu feb 11 2022 115.5 put /sold for .20
soxl feb 11 2020 69 call/sold for .07
#shortputs
labu feb 18/ put 17 sto @.45
labu feb 18/ put 18 sto @69
soxl feb 18/ put 37 put sto@1.50
TQQQ,
We made an all time high on November 22 at 91.68 and the low on January 24 was 48.17 which is a decline of 47% and the FED has not raised interest rates yet. The Covid low on March 20, 2020 was 8.18 so I ask, how low can we go?
Downside Warning is back
So much for Wednesday’s headfake. #VIXindicator
OptionsExpiration
Ran out of time at the end of the day so I left some puts “un-rolled”. Mostly made money on calls and call spreads, not surprising since the market collapsed today.
Expired:
LABU 22.5 Diagonal Calls
LABU 23.0 Diagonal Calls
RIVN 120/69 Bear Call Spread
RIVN 116/68 Bear Call Spread
RIVN 90/67 Bear Call Spread
RIVN 84/66 Bear Call Spread
RIVN 83/65 Bear Call Spread
RIVN 82/64 Bear Call Spread
RIVN 77/64 Bear Call Spread
RIVN 64.0 Diagonal Call
TLRY 7.5 Diagonal Puts
TNA 77/68 Bear Call Spread
TNA 76/67 Bear Call Spread
TNA 75/67 Bear Call Spread
TNA 74/67 Bear Call Spread
TNA 73/66 Bear Call Spread
TNA 72/66 Bear Call Spread
TNA 66.0 Diagonal Calls
TNA 65.0 Covered Calls
TQQQ 75/67 Bear Call Spread
TQQQ 75/66.5 Bear Call Spreads
TQQQ 74/66 Bear Call Spread
TQQQ 66.0 Covered Call
TQQQ 65.5 Covered Calls
TQQQ 65.0 Covered Calls
TQQQ 64.5 Covered Calls
TQQQ 64.0 Covered Calls
TQQQ 50/53 Bull Put Spreads
VXX 38/24.5 Bear Call Spreads
VXX 37/24.5 Bear Call Spread
VXX 36/24 Bear Call Spreads
VXX 31/24 Bear Call Spreads
VXX 19.5 Puts — #VXXContango
VXX 19. Puts — #VXXContango
VXX 18.5 Puts — #VXXContango
VXX 18.0 Puts — #VXXContango
Assignments:
Could have roiled but didn’t get the orders in in time
LABU 20.0 Diagonal Puts – sold at $3.40 last Friday
LABU 22.0 Diagonal Put – – sold at $5.12 last Friday
TQQQ 54.0 Diagonal Puts – sold at $0.42 yesterday
SPY Put Ladder
Near the close, filling out more of my SPY put ladder (SPY closed at 440.46):
STO SPY March 31 2022 440 Put @ 14.50
Also, in a separate account not part of the ladder:
STO SPY March 11 2022 440 Put @ 11.15
Planning to sell every Friday at the close until the ladder is full, as long as SPY keeps trending above its 50-Wk moving average.
Have a great weekend everybody!
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 14th 4210/4230-4545/4565 condors for 1.65, SPX at 4427, IV 23.5%, deltas -.06 +.06
Expiring: Feb 11th 4360/4380 – 4595/4615 condors, sold yesterday for 1.55.
SOXL SPY
#ShortPuts #CoveredCalls – A couple more.
SOXL: Keeping my stock.
Bought to Close SOXL FEB 11 2022 40.0 Calls @ .10 (sold for 4.04)
Sold SOXL FEB 18 2022 38.0 Calls @ 3.50
SPY: Adding. Losing track of how many times I’ve been in and out of March. 🙂 🙂
Sold SPY MAR 18 2022 400.0 Put @ 4.50
VXX Call Rollups and one closed
Bought to close VXX Feb 11 2022 20.5 Calls / Sold to Open VXX Feb 18 2022 21.0 Calls at $0.13 Credit and pushed the short strike up 0.5 point.
Bought to close VXX Feb 11 2022 21.0 Calls / Sold to Open VXX Feb 18 2022 22.0 Calls at $0.06 Credit and pushed the short strike up 1 point.
Bought to close VXX Feb 11 2022 21.5 Calls / Sold to Open VXX Feb 18 2022 24.0 Calls at $0.02 Credit and pushed the short strike up 2.5 points.
Bought to close VXX Feb 11 2022 22.5 Calls / Sold to Open VXX Feb 18 2022 25.0 Calls at $0.63 Credit and pushed the short strike up 2.5 points.
Bought to close VXX Feb 11 2022 23.0 Calls / Sold to Open VXX Feb 18 2022 26.0 Calls at $0.70 Credit and pushed the short strike up 3 points.
Bought to close VXX Feb 11 2022 23.50 Calls at $0.01
Sold on Monday at $0.29 and $0.30
HON IEX MHK PYPL TRMB UAA Stocks
on the latest plunge:
Added a tiny bit of Dow component and #SP500 stock HON at $187.55
Added a tiny bit of IEX at $190.95
Added a tiny bit of PYPL at $115.00
Started a new position in MHK at $146.00
Started a new position in TRMB at $66.18
Started a new position in UAA at $17.50
All new lows. #FallingKnife
VXX Calls
On the run to 23 in VXX:
Sold VXX Feb 18 2022 27.0 Calls at $0.70 and $0.82
EDIT:
Added:
Sold 1 VXX Feb 18 2022 27.5 Call at $0.80
Sold 1 VXX Feb 18 2022 28.0 Call at $0.77
Back in January, the VIX got briefly above 37(currently 29.45) and VXX only got to 27.84
#OnlySpreads
TNA Put rolldown
Bought to Close 1 TNA Feb 11 2022 63.0 Put at $2.94. Sold last week on a roll at $4.60
Replaced it with 1 short TNA Feb 18 2022 58.5 Put at $2.96 plus lowered the short strike 4.5 Points.
Until 30 minutes ago, it looked like the 63 put was going to expire.
O.T.
The us government said that they expect an invasion net week in Ukraine
ARKK
#CoveredCalls – Replacing this week’s expiration.
Sold ARKK FEB 18 2022 74.0 Calls @ 2.18
NVDA earnings
#ShortPuts #Earnings – I’d normally wait until the day of earnings but with a couple decent down days taking a shot here. Selling the expected move at the 200 day…for what that’s worth this earnings season. LOL
Sold NVDA FEB 18 2022 225.0 Put @ 4.35
TSLA
Closed my last current short position
Bought to close TSLA Feb 11 2022 930.0 Call at $0.14. Sold last week on a roll at 29.83
Sold to Close a very old, fully paid for long position used as a hedge on several short calls
Sold 1 TSLA Feb 18 2022 1,300 Call at $0.09. It was going to expire worthless anyway.
SOXL TQQQ
#CoveredCalls #ShortPuts – A few more.
SOXL:
Covered stock getting called away @ 40.00 (basis 31.65)
Bought to Close SOXL FEB 11 2022 48.0 Calls @ .06 (sold for 1.07)
Sold SOXL FEB 18 2022 48.0 Calls @ 1.46
Sold SOXL MAR 18 2022 35.0 Put @ 2.50
Sold SOXL APR 1 2022 35.0 Put @ 3.20
TQQQ:
Bought to Close TQQQ FEB 11 2022 59.0 Calls @ .15 (sold for 2.80 avg.)
Bought to Close TQQQ FEB 11 2022 60.0 Calls @ .06 (sold for 1.55)
Sold TQQQ FEB 18 2022 59.0 Calls @ 1.78
Sold TQQQ FEB 18 2022 60.0 Calls @ 1.38
Rolled TQQQ FEB 18 2022 64.0 Calls to FEB 18 2022 59.0 Calls @ 1.38 credit (2.88 total now)
LABU Put Rolldown
Bought to close 1 LABU Feb 11 2022 21.0 Put at $0.58. Sold last week on a roll at $4.30
Replaced it with 1 short LABU Feb 18 2022 18.0 Put at $0.60 plus gained 3 points on the short strike
APD LUMN WU ZBRA Stock
Started a tiny new position in APD at $249.79
Started a tiny new position in LUMN at $10.74
Started a tiny new position in ZBRA at $440.00
Closed out my highest cost lot in WU at $19.30 for a small gain. I bought it a total of 4 times all the way down to $16.00 in November 2021.
#SP500 #FallingKnife
SOXL
#ShortPuts – Replacing some stock getting called away today.
Sold SOXL MAR 25 2022 35.0 Put @ 2.40
Sold SOXL APR 1 2022 35.0 Put @ 2.75
TQQQ
#CoveredCalls – Sold TQQQ FEB 25 2022 62.5 Call @ 1.85
SOXL
#CoveredCalls – A few more.
Bought to Close SOXL FEB 11 2022 52.0 Calls @ .05 (sold for 1.60)
Sold SOXL FEB 18 2022 49.0 Calls @ 1.95
Sold SOXL FEB 18 2022 50.0 Calls @ 1.75
MMM Stock
Added a tiny bit of Dow component and #SP500 stock 3M at $160.00
#FallingKnife
TNA Put rolled down
Bought to close 1 TNA Feb 11 2022 66.0 Put at $3.39. Sold on a roll last week at $6.73
Replaced it with a short TNA Feb 18 2022 63.0 Put at $3.46 plus 3 points lower on the short strike.
XBI
ShortPuts – Adding.
Sold XBI MAR 18 2022 87.0 Put @ 2.35
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 11th 4360/4380-4595/4615 condors for 1.55, SPX at 4494, IV 23%, deltas -.07 +.05
NVDA Put
#shortputs #earnings
$NVDA STO 2/18 230 put at 3.10
$NVDA STO 2/18 235 put at 4.10
Earnings on 2/16 Expected move around 22 points based on 2/18 expire and average of 257.50 and 260 put and call.
VXX Puts closed
Just taking a little risk off on the put side. If the market stops falling, VXX will collapse again.
Bought to close VXX Feb 11 2022 20.0 Puts at $0.44. Sold these on Monday at $0.50.
I have lots of short puts left at lower strikes for this week .
NVDA
#ShortPuts – Not a profit here…just a “getting back to even” revenge trade. Still have a little more to go.
Bought to Close NVDA FEB 11 2022 230.0 Put @ .05 (sold for 4.06)
TQQQ
#ShortPuts – One add while I was out.
Sold TQQQ MAR 25 2022 50.0 Put @ 2.70
RIVN Puts Rolled
Bought to close RIVN Feb 11 2022 73.0 Puts at $6.10. Sold these on a roll last Friday at $12.25
Replaced them with short RIVN Feb 18 2022 71.0 Puts at $6.17 and a 2 point lower strike price.
RIVN Call
Sold 1 RIVN Feb 11 2022 68.0 Call at $1.25
Sold 1 RIVN Feb 11 2022 69.0 Call at $1.47
LABU Covered Call Ladder
Sold LABU Feb 18 2022 25.0 Covered Calls at $0.55 and $0.60
Sold LABU Feb 18 2022 26.0 Covered Calls at $0.35, $0.40 and $0.45
Sold LABU Feb 18 2022 27.0 Covered Call at $0.25 and $0.30
All my long stock is covered for next week.
VXX Calls 1DTE
Sold VXX Feb 11 2022 20.5 Calls at $0.31
TQQQ Puts 1DTE
Sold TQQQ Feb 11 2022 55.0 Puts at $0.51
Sold TQQQ Feb 11 2022 54.0 Puts at $0.42 and $0.44
Low trade in TQQQ for this week was about 55.85
Today’s low so far is 59.22
SOXL XBI
#ShortPuts – Reloading some after closing yesterday.
Sold SOXL MAR 11 2022 40.0 Put @ 2.20
Sold SOXL MAR 18 2022 40.0 Put @ 3.00
Sold SOXL MAR 25 2022 40.0 Put @ 3.10
Sold XBI MAR 18 2022 89.0 Put @ 2.40
Downside Warning canceled
#VIXIndicator So the last UPSIDE warning was kind of a bust… let’s see if we get another shot this time. Two more consecutive $VIX closes below 21.17 will trigger it.
LABU Covered Calls
Couldn’t get anything from this week’s 25 calls so switched to next week.
Sold 1 LABU Feb 18 2022 25.0 Covered Call at $0.50
NVDA Put Close / RIVN Put
#shortputs
$NVDA BTC 2/11 242.5 put at .36. Collected 8.15 with original @fuzzballl idea rolled once.
$RIVN STO 2/11 61 put at .85
LABU Call Spread
Bought to open LABU Feb 25 2022 30.0 Calls at $0.12
Sold to Open LABU Feb 11 2022 23.0 Calls at $0.32
I’ve got 20, 21 and 22 short puts that would work very well if I have to cover these short calls.
Plus I have a bunch of long stock from put assignments
XBI
#ShortPuts – Taking a couple.
Bought to Close XBI FEB 18 2022 80.0 Put @ .08 (sold for 2.35)
Bought to Close XBI FEB 18 2022 85.0 Put @ .22 (sold for 3.50)
ENPH Put
$ENPH STO 2/18/2022 150 put at 4.40
SPX 3-dte
#SPX5dte This is falling under my 5-dte hashtag, but it’s actually 3 trading days to expiry. Since we’re currently trading between 4500 and 4600 and not too close to either, I’m trying this one-off betting we won’t end Monday near here. Hopefully the market will love me on Valentine’s Day .
Bought to open $SPX Feb 14th 4540/4560-4570/4590 condors for 17.20, with SPX at 4567.
ALGN Stock
Sold off my 2nd lot of ALGN at $537.45.
Bought this on Jan 21st at $475.00 which, at the time, was a new low.
Still have a tiny bit left that was bought at $450.00
#SP500
Former #FallingKnife
SOXL
#ShortPuts – Only in these a few days so taking over half of max. Plenty of time to sell again.
Bought to Close SOXL MAR 11 2022 35.0 Puts @ 1.10 (sold for 2.65)
Bought to Close SOXL MAR 18 2022 35.0 Puts @ 1.44 (sold for 3.10)
SPX stopped
#SPX1dte Had a good run but got stopped out this morning,
bought to close $SPX Feb 9th 4585/4605 call spreads for 4.80. Condors sold for 1.70 yesterday.
TQQQ Covered Call Ladder
Sold TQQQ Feb 11 2022 64.0 Call at $0.42
Sold TQQQ Feb 11 2022 64.5 Call at $0.37
Sold TQQQ Feb 11 2022 65.0 Call at $0.26
Sold TQQQ Feb 11 2022 65.5 Call at $0.21
Sold TQQQ Feb 11 2022 66.0 Call at $0.14
Sold TQQQ Feb 11 2022 66.5 Call at $0.14
Not so KOLD anymore
Bought to close KOLD1 (pre-split contracts) Feb 18 2022 7.0 Puts at $0.45. Sold at $0.60 before the latest collapse in KOLD.
Taking a little risk off the table.
XLV Puts early rolldown
Bought to close XLV Feb 11 2022 134.0 Puts at $0.90. Sold last Wednesday on a rolldown at $2.09. (I seem to always be rolling these early)
Sold XLV Feb 18 2022 133.0 Calls at $1.03 and gained a point on the short strike.
PFE Strangle Close / PFE Call Close
#shortstrangles #earnings
$PFE BTC 2/11 49/60 strangle at .10. STO at .85 yesterday.
#coveredcalls
$PFE BTC 2/11 57 call at .02. STO at .70 yesterday.
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 9th 4405/4425-4585/4605 condors for 1.65, SPX at 4518, IV 16.7%, deltas -.06 +.07
Expired yesterday: Feb 7th 4385/4405-4595/4615 condors, sold Friday for 1.70.
VXX Puts and Calls
The VIX is down 5% today as the market rallies. Added these:
Sold VXX Feb 11 2022 18.5 Puts at $0.12
Sold VXX Feb 11 2022 21.0 Calls at $0.32
Total strangle credit for this week: $0.44
SPY
#ShortPuts – Just missed this yesterday. For some reason it filled this morning.
Sold SPY MAR 18 2022 420.0 Put @5.50
VXX Puts
Sold VXX Feb 11 2022 19.0 Puts at $0.26
Bought VXX Sep 16 2022 7.0 Puts at $0.17.
Long DTE = 220
Short DTE = 3
#VXXContango
My short VXX Calls and Puts for this week are now in balance.
labu
sto 11 FEB 2022 15.5 PUT @.20
sto 11 FEB 2022 13.5 PUT @.10
TNA Calls
Sold TNA Feb 11 2022 65.0 Calls at $0.61 and $0.87
Sold TNA Feb 11 2022 66.0 Calls at $0.58
Sold TNA Feb 11 2022 67.0 Call at $0.44
FB Stock
Added a tiny bit of FB at $220.57.
#SP500 #FallingKnife
(now 100 points below it’s pre-earnings price)
VXX – More Puts and a call
Sold 1 VXX Feb 11 2022 19.0 Put at $0.25
Sold VXX Feb 11 2022 18.5 Puts at $0.11
Sold against old long VXX Puts from earlier spreads.
30 minutes later:
Sold 1 VXX Feb 11 2022 24.0 Call at $0.25
The VIX is bouncing all over the place.
TQQQ Call
$TQQQ STO 2/11 59 call at 2.20. Thank you @fuzzballl for the reminder.
LABU Call Spread
Bought to open LABU Feb 25 2022 30 Calls at $0.10
Sold to Open LABU Feb 11 2022 22.5 Calls at $0.30
I’ve got 20, 21 and 22 short puts that would work very well if I have to cover these short calls.
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.
VXX Calls
Sold Puts earlier, Calls now
Sold VXX Feb 11 2022 22.5 Diagonal Calls @ $0.42 and $0.43
Sold VXX Feb 11 2022 23.0 Diagonal Calls @ $0.32, $0.33, $0.35 and $0.36
Sold VXX Feb 11 2022 23.5 Diagonal Calls @ $0.29 and $0.30
Sold VXX Feb 11 2022 24.0 Diagonal Calls @ $0.24, and $0.25
EWZ LABU Call
$EWZ STO 2/11 32.50 call at .21
$LABU STO 2/11 22 call at .40
HUT Call / PFE Strangle
#coveredcalls
$HUT STO 2/11 8.50 call at .10
VXX Put Spreads
All last weeks’ short puts expired so I’ll hold on to those long puts that are now “free” and do it all over again.
Bought VXX Jun 16 2023 5.0 Puts at $0.40
Sold to Open VXX Feb 11 2022 19.5 Puts at $0.43
Short DTE = 4
Long DTE = 494
Bought VXX Jan 20 2023 6.0 Puts at $0.32
Sold to Open VXX Feb 11 2022 19.5 Puts at $0.43
Short DTE = 4
Long DTE = 347
#VXXContango
CLX FB SWK ZBH Stocks
Added a tiny bit to these at new 52-week lows
Bought CLX at $140.00 (a new 3-year low)
Bought FB at $230.00
Bought SWK at $161.74
Bought ZBH at 112.55
#SP500 #FallingKnife
TQQQ
#CoveredCalls – Some late fills.
Rolled TQQQ FEB 4 2022 57.5 Calls to TQQQ FEB 11 2022 60.0 Calls @ .15 credit (1.55 total now)
Bought to Close TQQQ FEB 4 2022 59.0 Calls @ .21 (sold for 2.10)
Bought to Close TQQQ FEB 4 2022 60.0 Call @ .05 (sold for 2.50)
Sold TQQQ FEB 11 2022 59.0 Calls @ 2.74
Sold TQQQ FEB 11 2022 59.0 Call @ 2.85
Sold TQQQ FEB 18 2022 64.0 Calls @ 1.51
SPX
Bring the gamma!
Tuesday and Thursday expiries coming to the $CBOE $SPX https://t.co/dcHHNsXYXv—
Pat Hennessy, CMT (@pat_hennessy) February 04, 2022
OptionsExpiration
Reacting to the severe drops in stocks like LABU, RIVN, TNA and TQQQ, I spent most of the week setting up diagonal bear call spreads that all worked to give me some cash flow.
A partial recovery in the market today also helped me to roll my puts in these for small credits.
And once again, I threaded the needle by having VXX close above 20 and below 21.50 and all the VXX puts and calls expired (along with some old long VXX calls left over from previous spreads).
Expired:
LABU 25.0 Covered Calls
LABU 17.0 Diagonal Puts
RIVN 160/74 Bear Call Spread
RIVN 85/73 Bear Call Spread
RIVN 85/72 Bear Call Spread
RIVN 80/67 Bear Call Spread
TNA 105/67 Bear Call Spread
TNA 80/67 Bear Call Spread
TNA 79/67 Bear Call Spread
TNA 66.0 Diagonal Call
TQQQ 75/69 Bear Call Spreads
TQQQ 75/67 Bear Call Spread
TQQQ 74/66.5 Bear Call Spread
TQQQ 66.5 Diagonal Call
TQQQ 66.0 Covered Call
TQQQ 65.5 Covered Call
TQQQ 65.0 Covered Call
VXX 40/29 Bear Call Spread
VXX 39/28 Bear Call Spread
VXX 39/27 Bear Call Spread
VXX 38/26 Bear Call Spread
VXX 38/25.5 Bear Call Spread
VXX 37/25 Bear Call Spread
VXX 36/25 Bear Call Spread
VXX 35/25 Bear Call Spreads
VXX 34/24.5 Bear Call Spreads
VXX 33/24.5 Bear Call Spreads
VXX 32/24.5 Bear Call Spreads
VXX 31/24.5 Bear Call Spreads
VXX 24.0 Diagonal Calls
VXX 23.5 Diagonal Call
VXX 23.0 Diagonal Calls
VXX 22.5 Diagonal Calls
VXX 22.0 Diagonal Calls
VXX 21.5 Diagonal Calls
VXX 20.0 Diagonal Puts – #VXXContango
VXX 19.5 Diagonal Puts – #VXXContango
VXX 19.0 Diagonal Puts – #VXXContango
XLV 131.0 Diagonal Puts
Assignments:
Only 1, and it happened last night
1 TNA 80.50 Put
SPX trades
#SPX1dte Sold to Open $SPX Feb 7th 4385/4405-4595/4615 condors for 1.70, SPX at 4513, deltas -.06 +.06
Expiring: 4335/4355-4590/4610 condors, sold yesterday for 1.55
SPY Put Ladder
Decided to go 7 weeks out to start the ladder. Also planning to be aggressive with this ladder to try to keep up with the growth of SPY.
Sold SPY March 25th 2022 450 Put @ 13.00
TSLA Put Closed and Call rolled up
Bought to close 1 TSLA Feb 04 2022 860.0 Put at $0.01. Sold last week on a rolldown after earnings at $50.92
All my short puts are gone.
Bought to close TSLA Feb 04 2022 900.0 Call / Sold to Open 1 TSLA Feb 11 2022 930.0 Call at $0.02 Credit.
At the open today it looked like this would expire.
I have 3 long TSA calls (2 are fully paid for and not worth much) against this 1 short Call
VXX Call Roll
Rolled part of the position up:
Bought to close VXX Feb 04 2022 22.0 Calls at $0.06. Sold last Friday on a rollup at $2.78
Sold to Open Contracts VXX Feb 11 2022 24.5 Calls at $0.32
Options Bistro 