#CoveredCalls – A few more.
Bought to Close SOXL FEB 4 2022 43.0 Calls @ .34 (sold for 3.25)
Bought to Close SOXL FEB 4 2022 47.0 Call @ .05 (sold for 3.00)
Bought to Close SOXL FEB 4 2022 48.5 Call @ .05 (sold for 2.30)
Sold SOXL FEB 11 2022 40.0 Calls @ 4.04
Sold SOXL FEB 11 2022 48.0 Calls @ 1.07
#CoveredCalls – Another round.
Bought to Close ARKK FEB 4 2022 74.0 Calls @ .05 (sold for 1.84)
Sold ARKK FEB 11 2022 75.0 Calls @ 1.70
Bought to Close 1 TNA Feb 04 2022 62.0 Diagonal Call at $0.03. Sold on Monday at $0.99
Bought to Close 1 TNA Feb 04 2022 63.0 Diagonal Call at $0.01. Sold on Monday at $0.86
Sold to Open 1 TNA Feb 11 2022 66.0 Call at $0.43
Sold to Open 1 TNA Feb 11 2022 67.0 Call at $0.33
Bought to close 1 TSLA Feb 04 2022 700.0 Put at $0.01. Sold last week at $3.50
Still waiting on and TSLA 860.0 Put to drop to a penny too.
Managed to get out of my long stock for breakeven. Basis was 446.33 and closed stock plus covered calls for 446.35. Looking to build a put ladder over the next few weeks as long as SPY keeps trending above its 50-Wk MA.
#coveredcalls
Rolled up some of my covered calls to next week at strikes above this week’s high.
Bought to close 1 TQQQ Feb 04 2022 63.5 Call at $0.02. Sold last Friday at $0.41.
Bought to close 1 TQQQ Feb 04 2022 64.0 Call at $0.01. Sold last Friday at $0.39.
Sold to Open 1 TQQQ Feb 11 2022 66.5 Covered Call at $0.41
Sold to Open 1 TQQQ Feb 11 2022 67.0 Covered Call at $0.37
STO March 18, 100 put at 2.75 with stock at 113,
If Russia does invade, oil should rise
Added to my tiny position in CLX at 144.51 (at a 3-year low)
Added to my tiny position in PYPL at $123.00
Added to my tiny position in SWKS at $132.00
Added to my tiny position in XYL at $88.00
Started a new position in FTV at $65.00
#SP500 #FallingKnife
#Jobs — Above expectations for a change; wage growth strong, labor participation up, Nov & Dec jobs revised upward by ridiculous amounts.
Gain of +467,000 non-farm payroll jobs, vs. expected gain of 150K
Unemployment at 4.0%, up by 0.1 (vs. 3.9 estimate)
U6 unemployment at 7.1%, down by 0.2
Labor force participation 62.2%, up by 0.3
Average hourly earnings up 0.7%, vs. 05 estimate
December jobs revised up by +311K to +510K
November jobs revised up by +398K to +647K
#shortputs
sto 4 FEB 2022 16 PUT @.20
avg down
Closed the last of these since it expires tomorrow
Sold to close 1 LABU Feb 04 2022 25.0 Put at $8.00. Bought on 01/05/2022 at $1.20.
I’m guessing I’ll have to roll the short Feb 04 2022 17.0 Puts I thought would expire, but I’ll deal with that tomorrow.
#SPX1dte Sold to Open $SPX Feb 4th 4335/4355-4590/4610 condors for 1.55. SPX at 4481, IV 24.3%, deltas -.07 +.05
Possibly too early, but…
STO FB Mar18’22 190 PUT @ 2.05
STO FB May20’22 175 PUT @ 3.75
#ShortPuts – Was completely out of it for a whole day. New starter out in March.
Sold SVXY MAR 18 2022 50.0 Put @ 2.45
Started a tiny new position in FB at $237.00.
Down 27% and at a new low
#SP500 #FallingKnife
Futures still in contango for now, even with the VIX up 13% to 24.87
A rally to a difficult level where overhead supply comes into play… Fade the move here- our thinking. pic.twitter.com/8CQ0BTgcJL
— Carter Braxton Worth (@CarterBWorth) February 2, 2022
Post-earnings sold to open $SPOT Feb 18 150/140 bull put spread @ 2.00
Bought to close 1 TNA Feb 04 2022 67.0 Put at $6.71. Sold on a roll last Friday at $14.95
Sold to Open 1 TNA Feb 11 2022 66.0 Put at $6.73. A small credit but gained a point on the strike.
Bought to close 1 TNA Feb 04 2022 65.0 Put at $4.58. Sold on a roll last Friday at $12.76
Sold to Open 1 TNA Feb 11 2022 63.0 Put at $4.60. A small credit but gained 2 points on the strike.
Started a tiny new position in HON at a new low of $195.28.
Started a tiny new position in XYL at a new low of $93.29
#SP500 #FallingKnife
Writing against most of my leftover long calls and hoping this move in VXX gets all my short puts for this week expire (or at least drop to a penny)
Sold VXX Feb 04 2022 23.0 Diagonal Calls at $0.20
Sold VXX Feb 04 2022 22.5 Diagonal Calls at $0.29
Sold VXX Feb 04 2022 22.0 Diagonal Calls at $0.35
Sold VXX Feb 04 2022 21.5 Diagonal Call at $0.43
#SPX1dte Expired: $SPX Feb 2nd 4415/4435-4615/4635 condors, sold yesterday for 1.30.
Facebook Plummets 16% After Missing Across The Board, Guiding Below Expectations
#ShortPuts – Adding.
Sold XBI MAR 18 2022 83.0 Put @ 2.25
Started a tiny new position in ETSY at $136.00
#SP500 #FallingKnife
Given that the market could hit another air pocket at any time I’m taking the opportunity to roll these puts down for another week.
Bought to close XLV Feb 04 2022 134.5 Puts at $1.97. Sold on a rollout last Friday at $6.58
Made back more on this trade than I lost on the Roll last week.
Sold to Open XLV Feb 11 2022 134.0 Puts at $2.09.
XLV has rallied to 132.70 and I still have XLV 131.0 Puts that I hope to let expire.
Sold the last of my tiny VRTX stock position at $251.00, a new 52-week high.
Bought this pretty close to the 52-week low at $180.00 on 10/01/2021.
Former #Sp500 #FallingKnife
#ShortPuts – Nice VIX collapse so taking over 60 percent of max.
Bought to Close SVXY FEB 18 2022 55.0 Put @ 1.30 (sold for 2.50)
Bought to Close SVXY FEB 25 2022 50.0 Put @ .90 (sold for 2.60)
Bought to Close SVXY MAR 4 2022 45.0 Put @ .75 (sold for 2.20)
Bought to Close SVXY MAR 18 2022 40.0 Put @ .80 (sold for 2.45)
#ShortPuts – Taking off my higher strikes for gains.
Bought to Close SPY FEB 18 2022 435.0 Put @ 2.55 (sold for 4.00)
Bought to Close SPY MAR 18 2022 425.0 Put @ 5.00 (sold for 5.90)
#CoveredCalls – I’ll assign these to one of my lots after I see how the week shakes out.
Sold SOXL FEB 11 2022 52.0 Calls @ 1.60
Because of last week’s short put assignments I find myself with excess long Puts the expire Friday.
Sold to close 1 LABU Feb 04 2022 25.0 Put at $5.80. Still have more to sell.
Bought this on 12/31 at $0.73.
This helps offset part of the loss on the LABU stock position.
Ditching spreads on KOLD for this one trade
Sold 1 KOLD Feb 18 2022 23.0 Put at $3.50.
15% return on cash if it expires in a couple of weeks.
Bought VXX Nov 18 2022 5.0 Puts at $0.10
Sold to Open VXX Feb 04 2022 19.0 Puts at $0.18
Short DTE = 2
Long DTE = 289
#VXXContango
Sold TQQQ Feb 04 2022 69 Diagonal Calls at $0.52.
Paired with short puts rolled over last week and long stock.
Added the tiniest bit of stock to my small IRA #SP500 Portfolio project
Bought PYPL at $131.00
#FallingKnife
Sold to Open TNA Feb 04 2022 67.0 Calls at $0.61.
I’ve got short 65.0 and 67.0 Puts as a balance for this week so hoping it’s close to the strike and I have to roll these up on Friday
#ShortPuts – Filled earlier today taking a little more off weeks early.
Bought to Close SPY MAR 18 2022 400.0 Put @ 3.10 (sold for 5.65)
Bought to Open VXX Sep 16 2022 7.0 Puts at $0.15 – First Long puts in this month
Sold to Open VXX Feb 04 2022 19.5 Puts at $0.21
Short DTE = 3
Long DTE = 227
If I’m forced to roll the short puts on Friday, I’m happy because that means the market is still rising, which helps my LABU, TNA and TQQQ put positions.
#VXXContango
#shortputs #coveredcalls – Swapping some long stock out to start a put ladder in SPY.
Sold SPY Feb 04 2022 450 Covered Calls at $4.22. (bought stock for 450.50)
Hoping for a down day this week to sell a March 4th 440 put (at the 200-Day MA) for around 9 bucks. Planning to sell puts every Friday, 5 weeks out, at the 200-Day MA, as long as I can get at least 1% of the strike price. Just being greedy on this first one hoping for the $9. Wish me luck!
#LongStock – Getting rid of another odd lot from the dip buying.
Sold SOXL stock @ 44.40 (bought for 39.75)
Sold LABU Feb 04 2022 25.0 Covered Calls at $0.10.
I’ll take these small gains while waiting for LABU to recover.
Peeled off my highest cost lot of #SP500 stock ALGN and sold it at $504.27.
Bought this on 01/18 at $494.00.
I’m keeping lots I bought at $475.00 and $450.00 for a bit longer
Former #FallingKnife
Bought VXX Apr 14 2022 13.0 Puts at $0.24
Sold to Open VXX Feb 04 2022 20.0 Puts at $0.31
Bought to Open VXX Mar 18 2022 12.0 Puts at $0.02
Sold to Open VXX Feb 04 2022 19.5 Puts at $0.13
#VXXContango Spreads
Then I sold some calls against long calls left over from previous Bear Call spreads
Sold VXX Feb 04 2022 24.0 Calls at $0.32 and $0.35
Sold VXX Feb 04 2022 24.5 Calls at $0.28 and $0.31
Sold VXX Feb 04 2022 25.0 Calls at $0.26 and $0.28
#DoubleDip trades
#ShortPuts – A few small adds.
Sold SOXL MAR 11 2022 35.0 Put @ 2.60
Sold SOXL MAR 18 2022 35.0 Put @ 3.10
Sold TQQQ MAR 4 2022 50.0 Put @ 2.21
Sold TQQQ MAR 11 2022 50.0 Put @ 2.75
Sold TQQQ MAR 18 2022 50.0 Put @ 3.25
#ShortPuts – First one in March.
Sold XBI MAR 18 2022 85.0 Put @ 2.70
#SPX1dte Expiring: $SPX Jan 31st 4245/4265-4535/4555 condors, sold Friday for 1.65.
BTC February 25, 47.5 put at 1.30, sold at 1.14 but that is the last position I have in the TQQQ put strategy until I think the bear market is over.
BTC March 18, 42.5 put at 1.62, sold at 1.16 so a small loss
BTC March 28, 40 put at 1.30, sold at 1.15, another small loss
If the FED is going to raise rates, this could be a long bear market and I want to have cash until we are in another bull market.
STO TQQQ BWB 75/90/95 in my IRA at .92 for March 18
Sold 1 RIVN Feb 04 2022 74.0 Call at $0.55
#CoveredCalls – On a lower priced lot I’m covering more aggressively since I wouldn’t mind getting them called away.
Sold SOXL FEB 4 2022 43.0 Call @ 2.25
Rolled SOXL FEB 4 2022 47.5 Call to FEB 4 2022 43.0 Call @ 1.60 credit (4.25 total now)
39.75 basis on this lot.
#CoveredCalls – Uncovering some stock in case we get any follow through this week.
Bought to Close SOXL FEB 4 2022 47.0 Call @ .67 (sold for 1.85)
Bought to Close SOXL FEB 4 2022 48.5 Call @ .40 (sold for 1.35)
Bought to open VXX Apr 14 2022 12.0 Puts at $0.10
Sold to Open VXX Feb 04 2022 20.0 Puts at $0.14
Short DTE = 4
Long DTE = 73
My first buy of the April contracts. Could they be ITM by April – Absolutely!!
Could the Feb 04 VXX 20’s be ITM by Friday – Absolutely!! – but they can be rolled very easily for additional premium.
#VXXContango
Sold TNA Feb 04 2022 67.0 Calls at $0.44 & $0.50
Sold 1 TNA Feb 04 2022 66.0 Call at $0.57
Sold 1 TNA Feb 04 2022 65.0 Call at $0.70
Sold 1 TNA Feb 04 2022 64.0 Call at $0.80
Sold 1 TNA Feb 04 2022 63.0 Call at $0.86
Sold 1 TNA Feb 04 2022 62.0 Call at $0.99
Paired with TNA ITM Bull Put spreads rolled over last week.
#ShortPuts – Taking over half with 46 days to go. Probably get a chance to sell it again.
Bought to Close SPY MAR 18 2022 375.0 Put @ 2.49 (sold for 5.30)
Sold TQQQ Feb 04 2022 65.0 Call at $0.30
Sold TQQQ Feb 04 2022 65.5 Call at $0.27
Sold TQQQ Feb 04 2022 66.0 Call at $0.24
Expired:
LABU 25.0 Covered Calls
RIVN 73.0 Diagonal Calls
RIVN 185/70 Bear Call Spread
TNA 100/67 Bear Call Spread
TNA 80/67 Bear Call Spread
TQQQ 64.5 Covered Call
TQQQ 65.0 Covered Call
TQQQ 65.5 Covered Call
TQQQ 80/65 Bear Call Spreads
TQQQ 87.5/65 Bear Call Spreads
TSLA 1,200.0 Diagonal Call
VXX 23.5 Diagonal Calls
VXX 24.0 Diagonal Calls
VXX 25.0 Diagonal Calls
VXX 26.0 Diagonal Calls
VXX 26.5 Diagonal Calls
VXX 27.0 Diagonal Calls
VXX 27.5 Diagonal Calls
VXX 37/27.5 Bear Call Spread
VXX 38/27.5 Bear Call Spread
VXX 20.0 Diagonal Puts – #VXXContango
XLV 127.0 Diagonal Puts – the only other put (other than VXX) that expired in this week’s market.
Rolled all the others in RIVN, TNA, TQQQ, TSLA and XLV for tiny credits.
Assignments:
Unable to roll these out a week for any credit –
LABU 34.0 Puts (adjusted stock cost after put premium is 26.30)
LABU 32.0 Put (adjusted stock cost after put premium is 18.60)
At the close – hitting the bid because I had 3 extra long calls in future weeks
Sold to Open 1 VXX Feb 04 2022 29.0 Call at $0.31
Sold to Open 1 VXX Feb 04 2022 28.0 Call at $0.38
Sold to Open 1 VXX Feb 04 2022 27.0 Call at $0.50
VXX at 22.99
#SPX1dte Sold to Open $SPX Jan 31st 4245/4265-4535/4555 condors for 1.65, SPX at 4424, IV 19.3%, deltas -.06 +.06
Expiring: Jan 28th 4150/4170-4465/4485 condors, sold yesterday for 1.65
Bought to close 1 TSLA Jan 28 2022 730.0 Put at $0.01. Sold on Tuesday before earnings at $2.29
Sold TQQQ Feb 04 2022 63.5 Call at $0.41
Sold TQQQ Feb 04 2022 64.0 Call at $0.39
Sold TQQQ Feb 04 2022 64.5 Call at $0.33
TQQQ at 54.50
Starting rolls because VXX is bouncing and it could get crazy at the close.
Gaining a nice bump in the short strike prices along with the positive cash flow.
Bought to close 1 VXX Jan 28 2022 23.0 Call / Sold to Open 1 VXX Feb 04 2022 25.5 Call at $0.22 Credit
Bought to close 1 VXX Jan 28 2022 22.5 Call / Sold to Open 1 VXX Feb 04 2022 23.5 Call at $0.32 Credit
Bought to Close VXX Jan 28 2022 21.5 Calls / Sold to Open VXX Feb 04 2022 22.0 Calls at $0.05 Credit.
Waiting out my 23.50 and 24.0 Calls until near the close
My Calls at 25.0 and higher will most likely expire.
Hoping for less volatility next week.
STO March 18, 70/85/90 BWB at.84
#CoveredCalls – Still keeping them ITM.
Bought to Close TNA JAN 28 2022 55.0 Call @ .27 (sold for 21.80)
Sold TNA FEB 4 2022 45.0 Call @ 8.50 (sold 50 first then rolled down to 45)
Sold KOLD1 Feb 18 2022 5.0 Puts at $0.50.
Sold against fully paid for long KOLD1 May 3.0 Puts.
All my longs are now fully covered
#DoubleDip
Bought to close 1 TSLA 01/28/2022 1,000.00 Diagonal Call at $0.01.
Sold on a rollup last Friday at $60.67
Leaves a fully paid for TSLA Feb 1200 Call that I might sell or write against again.
Another day, another batch of #SP500 #FallingKnife trades
Added to my positions in:
CDAY at $68.00
ILMN at $319.00
Started new positions in:
AAL at $15.00
MMM at 163.38
SWK at $169.00
VFC at $65.18
WDC at $49.20
#JadeLizards – On the slight bounce at the open added some hedges. Selling ITM bear call spreads against short puts. There is slight upside risk in one but both trades combined have no upside risk. Nice downside protection though.
Sold SPY FEB 18 2022 410.0/430.0 Bear Call Spread @ 14.75
Now Feb 430/410/430 Inverted Jade Lizard? @ 18.35
Sold SPY MAR 18 2022 400.0/415.0 Bear Call Spread @ 11.75
Now Mar 415/400/415 Inverted Jade Lizard @ 16.80
#ShortPuts – Adding.
Sold XBI FEB 18 2022 80.0 Put @ 2.35
#SPX1dte Sold to Open $SPX Jan 26th 4150/4170-4465/4485 condors for 1.65, SPX at 4333, IV 32.1%, deltas -.04, +.07.
When I set this trade deltas were .06/.06… it filled a few seconds later when the SPX spiked up just a bit, but deltas move very quickly in this market.
#ShortPuts – Completely out of what has been a decent size position last couple months. Looking to re-load in March if it comes back down after this run.
Bought to Close EWZ FEB 18 2022 29.0 Puts @ .47 (sold for 1.20)
Bought to Close EWZ FEB 18 2022 30.0 Put @ .76 (sold for 1.65)
Bought to Close EWZ FEB 18 2022 31.0 Put @ 1.17 (sold for 2.35)
Bought to Close EWZ FEB 18 2022 32.0 Puts @ 1.69 (sold for 3.42)
Bought to Close EWZ FEB 18 2022 33.0 Puts @ 2.39 (sold for 4.10)
Sold KOLD1 Feb 18 2022 8.0 Put (pre-split contract) at $0.95 against a long August 4.0 Put already long and paid for.
Sold KOLD1 Feb 18 2022 7.0 Puts (pre-split contract) at $0.60 against long May 4.0 Puts already long and paid for.
#DoubleDip
2022 YTD performances… but we are not in a bear market…
$SHOP -38.28%
$NFLX -35.63%
$SQ -26.72%
$MDB -32.44%
$SPOT -26.27%
$DOCU -24.71%
$CMG -22.37%
$TEAM -21.05%
$TSLA -18.17%
Honorable mentions:
$GME -35.65%
$AMC -45.66%
Nothing to see here…
More tiny buys of #SP500 stocks at new lows
Started a new position in NLSN at $18.15
Started a new position in TER at $103.02 after #Earnings collapse (40 point air pocket on earnings)
Started a new position in TROW at $150.00
#FallingKnife
Options Bistro 