Did puts earlier, now some calls
Sold VXX Jan 28 2022 27.5 Calls at $0.21, $0.22 and $0.23.
The spike high on VXX this week was Monday at 27.84 when the VIX index was above 38. I don’t see that happening again this week.
VXX currently at 23.60
Category Archives: Uncategorized
INTC MKTX Stock
Starting a tiny new position in INTC stock at its old 52-week low.
Bought INTC at $47.87
Added MKTX at $329.54. My last trade was to sell a bit of this at $415.00 for a small gain on 12/15/2021.
#SP500 #FallingKnife
SOXL TQQQ
#CoveredCalls – Covering some stock early that will be assigned tomorrow.
Sold SOXL FEB 4 2022 47.0 Calls @ 1.85
Sold TQQQ FEB 4 2022 59.0 Calls @ 2.15
VXX Puts
Bought to open VXX Mar 18 2022 10.0 Puts at $0.01
Sold to Open VXX Feb 04 2022 19.0 Puts at $0.20
Short DTE = 8
Long DTE = 50
The long side of the spread is just to lower the margin requirements by 10 points per contract vs. a outright sale of the put as a cash backed trade.
And it’s an ultra-cheap lottery ticket.
#VXXContango
SPXpire
Well, my same-day gamble paid off and helped mitigate my loss on my one-day long condor. First one I sold in a few weeks, and sure enough, it was another loss. The range on each tick today was so big I just didn’t have the confidence to play the swings.
Expired for credit of 12.74: Jan 26th 4360/4340 put spreads. Condors bought yesterday for 18.00, so loss of 5.26.
Expired worthless: 4490/4510 call spreads, sold earlier today for 4.00.
Expired worthless: 4155/4175-4500/4520 condors, sold yesterday for 1.95.
So only a .69 profit for the day.
VXX Calls
Puts this morning, more calls now
Sold VXX Jan 28 2022 27.0 Calls at $0.94.
VXX at 24.33
PAYC Stock
Started a new tiny position in PAYC at $298.23 as it reached its 52-week low
#SP500 #FallingKnife
SOXL
#CoveredCalls – Another batch.
Bought to Close SOXL JAN 28 2022 55.0 Calls @ .05 (sold for 2.53)
Sold SOXL FEB 4 2022 48.5 Calls @ 1.35
RIVN TNA Calls
On the FED market bump:
Sold RIVN Jan 28 2022 73.0 Diagonal Calls at $0.58
Sold RIVN Jan 28 2022 70.0 Diagonal Calls at $0.74
Sold TNA Jan 28 2022 67.0 Diagonal Calls at $0.75
Volatility
And here comes the $VIX and /VX futures back down
Fed decision…
…in 5 minutes (2pm ET, 11am PT)
LABU Covered Calls
Sold LABU Jan 28 2022 25.0 Covered Calls at $0.17
TQQQ,
BTC February 45 put at 1.99, sold at 2.03, happy to take the risk off the table. I have 3 more positions to cover in the TQQQ and I will be flat in the TQQQ.
VXX Puts
All my short VXX Puts are gone so I’m starting a new Spread
Bought to open VXX Mar 18 2022 14.0 Puts at $0.19
Sold to Open VXX Jan 28 2022 20.0 Puts at $0.29
Long DTE = 51
Short DTE = 2
No margin cost because of all my VXX Bear Call Spreads
#VXXContango
ARKK
What’s more fun to ridicule than just one ARKK ETF? A 2x leveraged ARKK ETF that experiences twice the “performance” of its underlying.
Though we’re not sure why anyone would want to replicate ARKK’s performance to a 2x degree, but for the idea that the “Innovation” ETF is due for a massive rebound, that appears to be exactly what is happening.
A filing on Tuesday with the Securities and Exchange Commission has introduced the AXS 2X Innovation exchange-traded fund (ticker TARK), which seeks to target 200% of the “performance” of the ARK Innovation Fund, according to Bloomberg Wednesday morning.
SOXL TQQQ
#CoveredCalls – Covering the shares I’ve been dip buying.
Sold SOXL FEB 4 2022 47.5 Call @ 2.65
Sold TQQQ FEB 4 2022 60.0 Call @ 2.50
TSLA
#Earnings tonight for those still interested
Here’s what analysts expect from the results, according to consensus estimates compiled by Bloomberg:
Revenue: $16.64 billion expected vs. $13.76 billion previous
Adjusted earnings per share: $2.37 expected vs. $1.86 previous
ILMN Stock
Another #SP500 stock at a new low
Started a tiny position in ILMN at $341.03.
#FallingKnife
SOXL TQQQ
#LongStock – More tiny buys after hours yesterday on the MSFT dip.
Bought SOXL @ 39.60
Bought TQQQ @ 51.25
TNA Calls
Sold TNA Jan 28 2022 70.0 Diagonal Calls at $0.57 and $0.60
TNA at 59.63
SPX trades
#SPX1dte Sold to Open $SPX Jan 26th 4155/4175-4500/4520 condors for 1.95, SPX at 4352, deltas -.07 +.06, IV 36.5%
#SPX5dte Bought to Open $SPX Jan 26th 4340/4360-4370/4390 condors for 18.00, with SPX at 4353.
This is under the “5dte” moniker but it’s only a one-day trade. Pretty good bet each day will swing us at least 20 points away, but I’m only comfortable doing it away from an even 100 multiple…. SPX closes (like yesterday) seem to gravitate toward 00’s.
VXX Calls
Sold VXX Jan 28 2021 26.5 Diagonal Calls at $1.02
VXX at 23.82
TSLA Put
For #Earnings
Sold 1 TSLA Jan 28 2022 730.0 Put at $2.29
TSLA at 948
TQQQ Covered Call Ladder
Sold TQQQ Jan 28 2022 64.0 Call at $0.48
Sold TQQQ Jan 28 2022 64.5 Call at $0.42
Sold TQQQ Jan 28 2022 65.0 Call at $0.38
TQQQ at 56
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.
SOXL TQQQ
#LongStock – More tiny buys here. Just a few shares at a time.
Bought SOXL @ 39.60
Bought TQQQ @ 52.10
SVXY
#ShortPuts – Hard to believe this thing is still above 50. Adding to the bottom of the ladder.
Sold SVXY MAR 18 2022 40.0 Put @ 2.45
NFLX put spread
Sold $NFLX Feb 18 350/340 bull put spread @ 2.55. IV rank 87.
More Tiny Stock buys
Added GLW at $34.00
Added CHTR at $565.00
Added BF/B at $65.00
Added BIIB at $215.77
#SP500 #FallingKnife
UVXY call spreads
Sold to open Mar 18 30/40 bear call spread @ 1.10
Worden charts
T2108
T2122
Market,
This is getting ugly.
SPX stopped
#SPX1dte Stopped was hit: bought to close $SPX Jan 24th 4230/4210 put spreads for 3.00. Condors sold for 1.35 on Friday.
XBI
#ShortPuts – With VIX 35 I’ve gotta sell something. LOL Adding one here…
Sold XBI FEB 18 2022 85.0 Put @ 3.50
SOXL TQQQ
Tiny Stock Buys
Adding to my #SP500 portfolio of stocks with the tiniest of stock buys this morning
Added ADSK at $234.08
Added AES at $22.00
Added ALGN at $425.00
Added CDAY at $73.00
Added DIS at $134.00
Added ECL at $190.00
Added IPGP at $144.00
Added PYPL at $156.03
Added QRVO at $131.62
Added ROST at $93.50
New MTCH position at $112.61
New NFLX position at $378.54
New ROL position at $31.00
Not an #SP500 stock but added to my COIN position at $158.00
Very much #FallingKnife trades in an IRA with plenty of cash.
T2108
Bouncing around 14
SPY
#ShortPuts – Sold SPY MAR 18 2022 375.0 Put @ 5.30
OptionsExpiration
Expired:
KOLD1 9.0 Diagonal Put
KOLD1 8.0 Diagonal Put
KOLD1 7.0 Diagonal Puts
LABU 50/25 Bear Call Spreads
LABU 25.0 Covered Calls
TNA 90/70 Bear Call Spreads
TQQQ 95/73 Bear Call Spread
TQQQ 83.5/73 Bear Call Spread
TQQQ 83.5/70 Bear Call Spread
TQQQ 83/70 Bear Call Spreads
TSLA 710/880 Bull Put Spread
TSLA 710/900 Bull Put Spread
VXX 10/16.5 Bull Put Spreads
VXX 15/17 Bull Put Spreads
VXX 50/23.5 Bear Call Spread
VXX 49/23.5 Bear Call Spread
VXX 48/23.5 Bear Call Spread
VXX 47/23.5 Bear Call Spread
Assignments:
TQQQ 74.75 Short Puts (not able to roll them for even a tiny credit)
Adj cost after put premium = 69.90
VXX Calls
Hopefully the last roll
Bought to close VXX Jan 21 2022 23.0 Calls at $0.24. Sold last Friday at $0.34
Replaced them with VXX Jan 28 2022 25.0 Calls at $1.38
Bought to close VXX Jan 21 2022 23.0 Calls at $0.24. Sold this week at $0.16 and $0.25
Replaced them with VXX Jan 28 2022 26.0 Calls at $1.19
SPX trades
#SPX1dte Sold to Open $SPX Jan 24th 4210/4230-4545/4565 condors for 1.35, SPX at 4414, IV 23.4%, deltas -.07 +.05
Expiring worthless: Jan 21st 4325/4345-4570/4590 condors, sold yesterday for 1.30.
LABU Put Rolldown
Rolled LABU Jan 21 2022 21.0 Put to LABU Jan 28 2022 20.0 at $0.02 Credit
TSLA Call
Bought to close 1 TSLA Jan 21 2022 1,150.0 Diagonal Call at $0.01. Sold Last Friday on a rollup at $5.05.
Sold 1 TSLA Jan 28 2022 1,200.0 Call at 2.63. I own the Feb monthly 1200 call so at least no upside risk for this position through #Earnings next week.
SVXY
#ShortPuts – One more.
Sold SVXY MAR 4 2022 45.0 Put @ 2.20
TSLA
Well, my call spread is working fine but I got cute once too often with the offsetting put and had to roll it.
Bought to close TSLA Jan 21 2022 965.0 Put / Sold to Open 1 TSLA Jan 28 2022 880.0 Put at $0.15 Credit
TQQQ Puts
Sold TQQQ Jan 28 2022 45.0 Puts at $0.40.
Pretty darn generous considering the stock is bouncing around the 58-62 range today (and the massive drop in NFLX is already in the price)
XLV Puts rolled down
I was wrong when I thought these would expire when the stock was over 133 just yesterday.
Bought to close XLV Jan 21 2022 132.0 Puts / Sold to Open XLV Jan 28 2022 131.5 Puts at $0.40 Credit.
Plus lowered the strike another fifty cents
SVXY
#ShortPuts – Adding one.
Sold SVXY FEB 25 2022 50.0 Put @ 2.60
VXX Call Rollup
Bought to close VXX Jan 21 2022 21 Calls / Sold to Open VXX Jan 28 2022 23.5 Calls at $0.08 Credit.
Added 2.5 points to the short strike
26 counting this market!
VXX Call Rolled up
Just in case it’s crazy at the close
Bought to close VXX Jan 21 2022 22.5 Calls at $0.43
Sold to open VXX Jan 28 2022 24.0 Calls at $1.08.
$0.65 Credit AND bumped the strike up 1.50 points
VIX futures
Not that it’s much of a surprise but the futures have flipped to backwardation.
http://vixcentral.com/
SPY
#ShortPuts – Adding one.
Sold SPY MAR 18 2022 400.0 Put @ 5.65
RIVN Puts
Rolled all my RIVN puts out a week for tiny credits
ADSK ALGN BBY CDAY DIS ECL KMX PENN PYPL SWKS COIN
Tiny buys in several #SP500 stocks at new lows plus back into COIN at its low
New ADSK position at $245.00
Added ALGN at $475.00
New BBY position at $84 54
New CDAY position at $78.13
Added to DIS at $140.00
New ECL position at $201.14
New KMX position at $104.86
Added to PYPL at $170.00
Added to PENN at $41.00
New SWKS position at $142.00
Added to COIN at 196.00, below its post IPO low. I exited a bunch of COIN above $300 in November
ROKU
#ShortPuts – Taking small loss here. Only want to mess with one streaming stock at a time.
Bought to Close ROKU FEB 4 2022 145.0 Put @ 4.00 (sold for 2.75)
NFLX
#ShortCalls – In a PM account so selling weekly calls against the 425 short put. Could be in this awhile. 🙂 🙂
Sold NFLX JAN 28 2022 430.0 Call @ 4.60
NFLX
Netflix Craters On Subscribers Miss, Catastrophic Guidance
Two years of stock market gains… gone
Downside Warning in effect
#VIXindicator At the close we are exceeding 50% above the Jan 4th VIX low of 16.34.
SBUX
Started a tiny new position in SBUX at its 52-week low of $95.92.
#SP500 #FallingKnife
ROST Stock
Added to my tiny holding of ROST at $98.60, below the old 52-week low of $98.79
#SP500 #FallingKnife
#Earnings on Mar 01
Next target price = 93.50
VXX Call Ladder adjustment
Rolling up a small part of this week’s VXX option ladder to next week.
Bought to close 1 VXX Jan 21 2022 21.5 Call at $0.29. Sold on Tuesday at $0.46
Bought to close 1 VXX Jan 21 2022 22.0 Call at $0.21. Sold on Tuesday at $0.38
Replaced them with:
1 VXX Jan 28 2022 22.5 Call at $0.85
1 VXX Jan 28 2022 23.0 Call at $0.77
IPGP QRVO Semi Stocks
Added to my tiny holding of QRVO at $140.00, below the old 52-week low of $141.66.
Also added to my IPGP stock at $150.0, below its old 52-week low of $151.27.
Both stocks in the Semiconductor space.
#SP500 #FallingKnife
RIVN Long put closed
Sold to close 1 RIVN Jan 21 2022 65.0 Put at $0.78. Bought this last year and wrote against it multiple times, recovering the entire cost and more, but it expires tomorrow.
RIVN at 67.30
LABU
#shortputs
28 JAN 2022 21 PUT @1.65
trying to average down
TSLA Call
One final rollup before earnings
Bought to close 1 TSLA Jan 21 2022 965.0 Call at $60.52. Sold last Friday on a rollup at $72.67.
Sold to Open 1 TSLA Jan 28 2022 1,000.0 Call at $60.67, added 35 points to the strike price and still got a small credit.
Hedged with a couple of Feb monthly long calls.
TSLA trading at 1025
#OnlySpreads
PTON
Peloton Plunges Below IPO Price On Reports Of Production Halt
https://www.zerohedge.com/markets/peloton-craters-shares-halted-after-reporting-production-halt
LABU Extra long Puts closed
Sold to close LABU Jan 21 2022 25.0 Puts at $4.10 as they expire tomorrow.
Bought these on 12/20/2021 at $0.82.
This gain makes up part of the loss on my holding LABU stock from some put assignments.
NFLX earnings
#ShortPuts – Going out to the monthlies and selling nearly twice the expected move and about 20 percent lower than where it’s currently trading. And…40 percent off all time highs.
Sold NFLX FEB 18 2022 425.0 Put @ 3.25
TSLA Put
Sold 1 TSLA Jan 21 2022 965.0 Diagonal Put at $1.60.
Expires tomorrow and I have a short call for this week at the same strike that I am trying to roll up.
TSLA at 1035
SPX 1-dte
#SPX1dte Bought to close $SPX Jan 20th (monthlys) 4415/4435-4665/4685 condors for .25. Sold yesterday for 1.30. Closed to avoid Friday morning gap risk.
Will sell one for Friday PM in a bit.
TQQQ,
BTC January 21, 45 puts at .01, these were 90 puts sold at 1.24 in my IRA
LABU early assignment
Assigned on one of my LABU 34.0 Puts last night. Adjusted cost after put premium is 23.90.
Sold LABU 01/21/2022 25.0 Covered Calls at $0.07 as a scalp against this lot and some other LABU in the account.
I will revisit this position next week to determine where to sell my next set of Covered Calls
TQQQ, BTC January 21, 50…
TQQQ, BTC January 21, 50 put at .01, sold at 1.05 when these were the 100 puts.
XLV Puts
Rolling down these puts again for a credit
Bought to close XLV Jan 21 2022 135.0 Puts / Sold to Open XLV Jan 28 2022 134.5 Puts at $0.12 Credit.
Sold these against March long puts. Plenty of rolls left.
#OnlySpreads
My short XLV 132 and 130 puts are looking like they will expire tomorrow unless the market collapses again.
Options Bistro 