#ShortPuts – Adding.
Sold XBI FEB 18 2022 100.0 Put @ 2.15
Category Archives: Uncategorized
SPX 5dte
#SPX5dte, Well, since the day I posted my recent success with the strategy, it has basically been a disaster. In the almost two years since I started this, there has never been such a string of expirations that end in or near the dead zone. I have been hesitant to stop because I’m quite sure that as soon as I do, it will become viable again. But I really don’t have any choice now. I still have trades on for Friday and Monday, but I have to stop placing new ones. I’ll take some time to assess the results and the strategy as a whole.
I will continue to trade with #SPX1dte, as that strategy is doing fine, despite some recent losses due to my mistakes.
I know some of you have followed me on this strategy, but don’t post your experience. I would ask that if you are doing this, to please comment with your experiences and trades. If you have learned from me or anyone on this site, and have had success by following, I think it is only fair that you return the favor and share your experience.
I say this because I got an email from someone saying they had followed me on SPX5dte and found some success with certain adjustments… adjustments that I had not thought of or used. I asked him to please post in the room and share, but he disappeared.
So please, if you learn and make money from following us, share your experiences!
TQQQ Put
Added to my position
Sold 1 TQQQ Jan 07 2022 150.0 Diagonal Put at $0.93.
I’m trying to force TQQQ down toward this strike so a bunch of my TQQQ short calls expire on Friday
SOXL
SPXL
#ShortPuts – Starter position at the 200 day.
Sold SPXL FEB 18 2022 115.0 Put @ 2.25
ARCB Put
#shortputs
$ARCB STO 2/18 85 puts at 1.70
Markets
Without comment
QQQ Feb
Going back in. Sold to open $QQQ Feb 18 360/370/415/425 iron condor @ 2.78.
VXX1 Puts
Starting to liquidate the long side of ancient #VXXContango trades. Sold my oldest lot and will try for higher prices.
Sold to close VXX1 Jan 21 2022 6.0 Puts at $1.65. Life of contract high since the reverse split on VXX.
Bought this on 05/29/2020 at $0.48.
Equals $6.60 on the newer strike 24 puts
BAX Stock
Sold my tiny bit of BAX at $88.32. Bought this former #FallingKnife on 08/05 at $74.00 and was never able to average down.
In within pennies of the 52-week low and the 52-week high was this morning.
Former #FallingKnife
FDX Stock
Sold my highest cost lot in FDX at $265.50.
Bought this right around #Earnings on 09/28 at $230.00.
I’ll hang on to my last purchase at $225.00 for a much bigger move.
Former #FallingKnife
SPX trades
#SPX5dte Sold to close $SPX Jan 5th 4795/4775 put spreads for 7.50. Saving call spreads.
TWTR
Twitter makes my #FallingKnife list as the stock approaches $40.
Haven’t bought any just yet.
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.
NVDA pre earnings
#ShortPuts – Selling just outside the expected move and a couple weeks before earnings.
Sold NVDA FEB 4 2022 245.0 Put @ 3.40
FAS
#JadeLizards – Blowing out to the upside. Closing now for slightly better gain than holding and also releasing the margin.
Bought to Close FAS JAN 21 2022 95.0/130.0/134.0 Jade Lizard @ 3.42 (sold for 4.17)
SOXL TQQQ
#ShortPuts – Jumping back in after closing quite a few yesterday.
Sold SOXL JAN 21 2022 59.0 Put @ 1.60
Sold SOXL JAN 21 2022 60.0 Put @ 1.85
Sold SOXL FEB 11 2022 55.0 Put @ 2.70
Sold TQQQ JAN 21 2022 145.0 Put @ 2.70
Sold TQQQ FEB 18 2022 125.0 Put @ 3.77
VXX Calls
Created a new diagonal call spread to pair off with all the puts spreads I have for this week.
Bought to open VXX Jan 28 2022 37.0 Calls at $0.28
Sold to Open VXX Jan 07 2022 19.0 Calls at $0.32 for a net credit of $0.04.
Hoping for another couple of re-writes against the long after Friday.
VXX topped out at 18.42
TQQQ,
STO February 11, 120 put at 2.40
TSLA Put
Sold TSLA Jan 07 2022 885.0 Put at $0.52
A re-write against my long TSLA Jan 2022 710.0 put.
#DoubleDip
TQQQ,
STO February 4, 125 put at2.25
TQQQ Puts
Sold TQQQ Jan 07 2022 153.0 Diagonal Puts at $0.72
XLV Puts
Sold XLV Jan 07 2022 136.0 Puts at $0.37 and $0.42
A second write against some long March puts.
#DoubleDip
More VXX Puts
Sold VXX Jan 07 2022 17.5 Puts at $0.26.
Sold against existing long March 15.0 Puts.
I can roll the short if necessary.
VXX Puts
Sold a few VXX Jan 07 2022 17.0 Puts @ 0.08.
Will be watching these for further writes as the price rises.
I’ve got a huge bunch of LONG VXX1 (pre-split) Jan 21 2022 6.0 Puts that are currently in the money and have to be unloaded over the next 2 weeks, so I’m not too worried about the chance to write against them 1 more time.
LCID LABU Call
#coveredcalls
$LCID STO 1/7 45 call at .46
$LABU STO 1/7 41.50 call at .65
SPX trades
#SPX5dte Bought to Open $SPX Jan 7th 4760/4780-4790/4810 condors for 15.95, with SPX at 4783.
It’s getting KOLD again
Bought another KOLD Aug 19 2022 6.0 Put at $0.50.
Sold another KOLD Jan 21 2022 11.0 Put at $0.70.
Created another Bull Calendar Put spread with a $0.20 Credit.
Long DTE = 228
Short DTE = 18
NIO EXAS RCL TAN Call / TQQQ TSLA NVDA Put Close / TSLA ADBE BUPS Close
#coveredcalls
$NIO STO 1/7 36 call at .35
$EXAS STO 1/21 90 call at 1.65
$RCL STO 1/7 85 call at .60
$TAN STO 1/7 81 call at .45
#shortputs
$TQQQ BTC 1/14 105 put at .10. STO at 1.35.
$TQQQ BTC 1/21 125 put at .60. STO at 5.15.
$TQQQ BTC 1/21 90 put at .10. STO at 1.30 . Thank you @jsd501
$TQQQ BTC 1/21 125 put at .05. STO at 4.75 .
$TSLA BTC 1/21 630 put at .60. STO at 4.10.
$NVDA BTC 1/21 235 put at .55. STO at 3.95. Thank you @fuzzballl
#bups
$TSLA BTC 1/21 840/890 BUPS at 1.20. STO at 11.98 on 11/23
$TSLA BTC 1/21 820/875 BUPS at 1.00. STO at 18.83 on 12/21
$ADBE BTC 1/21 505/525 BUPS at 1.20. STO at 4.00 on 12/16 Thank you @ramie77
TQQQ,
STO January 28. 125 put at 1.20
SVXY
#ShortPuts – This experiment was a success. Markets not that great but at least tradable.
Bought to Close SVXY JAN 21 2022 48.0 Put @ .32 (sold for 2.00)
Bought to Close SVXY JAN 21 2022 50.0 Put @ .41 (sold for 1.90)
SOXL
#ShortPuts – That didn’t work…so much for stirring things up. LOL
Bought to Close SOXL JAN 7 2022 67.5 Put @ .85 (sold for 2.00)
ROKU
#ShortPuts – Happy to take this. 3.60 of it was a repair trade and everything else profit.
Bought to Close ROKU JAN 7 2022 215.0 Put @ 1.00 (sold for 5.25)
Closing ADBE
Bought to close $ADBE Jan 21 525/505 bull put spread @ 1.50. Sold for 4.15 on 12/16
SOXL TQQQ
#ShortPuts – Taking a few off if they’re over 80 percent with at least 3 weeks still to run.
Bought to Close SOXL JAN 14 2022 55.0 Put @ .34 (sold for 2.70)
Bought to Close SOXL JAN 14 2022 57.5 Put @ .50 (sold for 3.00)
Bought to Close SOXL JAN 21 2022 53.0 Put @ .57 (sold for 3.80)
Bought to Close SOXL JAN 21 2022 55.0 Put @ .70 (sold for 3.20)
Bought to Close SOXL JAN 28 2022 50.0 Put @ .67 (sold for 3.80)
Bought to Close TQQQ JAN 14 2022 130.0 Put @ .33 (sold for 3.25)
Bought to Close TQQQ JAN 21 2022 125.0 Put @ .60 (sold for 3.75)
LABU Calls
Sold LABU Jan 07 2022 42.0 Diagonal Calls at $0.65, replacing similar calls that expired Friday.
#OnlySpreads
CCL NCLH
Apparently, nobody cares about the CDC warning on cruise lines anymore
CCL up 6%
NCLH up 5%
VXX Strangles
Sold VXX Jan 07 2022 20.0 Diagonal Calls at $0.23
Sold VXX Jan 07 2022 20.5 Diagonal Calls at $0.16
Sold VXX Jan 07 2022 17.5 Diagonal Puts at $0.16 and $0.17
Ancient VXX1 Puts closed
Sold to close VXX1(pre-split) Jan 21 2022 7.0 Puts at $2.55, a new contract high since the split. They are rapidly approaching expiration.
Bought these back in June 2020(yes 2020, not 2021) at $0.67 as the long side of a #VXXContango spread. They were free after the first week.
#VXXContango at work.
IB Account in 2021
Good morning and best wishes for a successful year of investing in 2022.
Despite best efforts my covered call efforts failed to beat the SPX in 2021. I was ahead until Omicron impact in Nov/Dec. Made some money….but it would be nice to see the time and effort result in a return higher than the index. Maybe this year!
Expiration / Assignments
#optionsexpiration #assignment
$HUT 8.50 call
$LABU 44 call
$LABU 45 call
$MRVL 92 call
$RIVN 110 call
$CZR 95 call
$RIOT 25 call
$RCL 80 call
$FXI 36 call called away
$KWEB 43 put assigned
$TAN 80 put assigned
Happy New Year to the Bistro Family!
Wishing all of you a healthy, happy and prosperous 2022.
OptionsExpiration
Last one in 2021. Happy New year everyone
LABU 60/45 Bear Call Spread
LABU 60/44 Bear Call Spread
LABU 44.0 Diagonal Calls
LABU 42.0 Diagonal Calls
TLRY 12.0 Covered Calls
TNA 125/88 Bear Call Spread
TNA 110/88 Bear Call Spread
TQQQ 115/140 Bull Put Spreads
TQQQ 163.0 Diagonal Puts
TSLA 885.0 Diagonal Put
TSLA 1000.0 Diagonal Put
VXX 50/21 Bear Call Spread
VXX 45/21 Bear Call Spread
VXX 40/21 Bear Call Spread
VXX 39/21 Bear Call Spread
VXX 35/21 Bear Call Spread
VXX 34/21 Bear Call Spread
VXX 33/21 Bear Call Spread
VXX 20.5 Diagonal Calls
VXX 20.0 Diagonal Calls
VXX 18.0 Diagonal Puts – #VXXContango
TSLA Call – Yes yes yes
Bought to close 1 Contract TSLA Dec 31 2021 1,075.0 Call at $0.01. Sold as the short side of a DEC 31/ Feb 21 diagonal Bear Call spread at $54.21
Sold to Open 1 Contract TSLA Jan 07 2022 1,125.0 Call at $12.23 and a 50 !!! point higher strike (above the recent high on the stock). My Feb long will be there through earnings. 🙂
TQQQ Call Rollup
Bought to close 1 TQQQ Dec 31 2021 166.0 Call at $1.48. Sold on a rollup last week at $4.15.
Sold to Open 1 TQQQ Jan 07 2022 171.0 Call at $2.50 for a $1.02 Credit a a 5-point bump in the short strike.
Done with TQQQ for this year.
How is everyone planing to…
How is everyone planing to celebrate the New Year?
VXX Put Rolldown
Bought to close VXX Dec 31 2021 18.5 Puts at $0.08. Sold all during this week at prices from $0.11 to $0.15.
They may expire but they spent a good part of this afternoon in the money.
Replaced them with VXX Jan 07 2022 17.5 Puts at $0.10. I’m long Jan monthly 18 puts so no downside risk.
#VXXContango
TNA Call Rollups
Bought to close TNA Dec 31 2021 82.0 Calls at $3.16. Sold last week on a rollup at $4.50
Replaced them with short TNA Jan 07 2022 84.0 Calls at $3.21 for a $.05 Credit and a 2 point higher strike.
Bought to close TNA Dec 31 2021 83.0 Call at $2.58. Sold last week on a rollup at $3.80
Replaced it with a short TNA Jan 07 2022 85.0 Call at $2.77 for a $.12 Credit and a 2 point higher strike.
Bought to close TNA Dec 31 2021 85.0 Call at $0.63. Sold last week on a rollup at $2.67.
Replaced it with another short TNA Jan 07 2022 90.0 Call at $0.81 for a $.18 Credit and a 5 point higher strike. (the premium on the 90 call is less than the one I sold this morning but I’ll take it).
Done with TNA for this year.
Happy Healthy 2022
Thanks to all for being part of a thoughtful, inventive and intellectual group.
Appreciate you all (and I am not a Southerner):-)
TNA Put Rolldown
Bought to close 1 TNA Dec 31 2021 88.0 Put at $3.03. Sold last week on a rolldown at $5.96.
Replaced it with 1 short TNA Jan 07 2022 86.0 Put at $3.08 and a 2 point drop in the short strike.
LABU Put Rolldown
Bought to close 1 LABU Dec 31 2021 38.0 Put at $0.97. Sold on Tuesday at $1.34.
Replaced it with 1 short LABU Jan 07 2022 35.0 Put at $1.32 for a Net Credit of $0.35 and a 3 point better strike.
Also added a new diagonal Put spread:
Bought to open LABU Feb 04 2022 25.0 Puts / Sold to Open LABU Jan 07 2022 35.0 Puts at $0.62 Credit.
SPX trades
#SPX1dte Stopped: Bought to close $SPX Dec 31st 4750/4730 put spreads for 1.00. Condors sold for 1.20 yesterday. Tried to play aggressive on this one but market drop and end of day spoiled the fun.
#SPX5dte Another let down in a long string of them… Upside Warning has stalled and not giving me a strong close for the 4785/4605 call side of today’s long condor. I’m watching. Closed the put side for 5.15 on Tuesday.
ARKK KWEB LABU TQQQ
#ShortPuts #CoveredCalls – This should do it for the year.
ARKK: Covered.
Bought to Close ARKK DEC 31 2021 98.22 Calls @ .09 (sold for 2.21)
Sold ARKK JAN 7 2022 98.22 Calls @ 1.39
KWEB: Covered and adding.
Rolled KWEB DEC 31 2021 32.42 Call to JAN 7 2022 32.42 Call @ .05 credit
Sold KWEB JAN 21 2022 35.0 Put @ 1.05
LABU: Still holding a few shares.
Rolled LABU DEC 31 2021 35.0 Calls to JAN 7 2022 35.0 Calls @ 1.20 credit
TQQQ: Adding.
Sold TQQQ FEB 11 2022 135.0 Put @ 4.00
TQQQ,
BTC December 31, 125 put at .01, sold at 2.05 and that is my last trade this year.
TSLA Call Rollup
Bought to close 1 TSLA Dec 31 2021 1,000.0 Call / Sold to Open 1 TSLA Jan 07 2022 1,015.0 Call at $0.52 Net Credit plus a 15 point higher strike for next week.
TQQQ Call Rollup
Bought to close 1 TQQQ Dec 31 2021 163.0 Call at $4.89. Sold on a rollup last week at $5.92
Sold to Open 1 TQQQ Jan 07 2022 167.0 Call at $5.01 for a $0.12 Credit a a 4 point bump in the short strike.
TNA Call
Getting a jump on next week’s calls as I think my 88 calls for today will be covered for a penny soon.
Sold TNA Jan 07 2022 90.0 Call at $1.15
MARKETS
Bloomberg notes, the S&P 500 hasn’t dipped below its 200-day moving average on an intraday basis at all this year, a feat that has only happened four other times since 1981.
TQQQ Put Scalp
Sold TQQQ Dec 31 2021 163.0 Puts at $0.32.
Expires tomorrow
SPX trades
#SPX1dte Sold to Open $SPX Dec 31st 4730/4750-4835/4855 condor for 1.20, SPX at 4792, IV 9.9%, deltas -.12, +.06. Aggressive on the put side, although I’m not liking the drop a few seconds after the trade filled.
#SPX5dte Earlier: Bought to Open $SPX Jan 5th 4775/4795-4805/4825 condors for 15.40, with SPX at 4799.
SOXL
#ShortPuts – This should stir things up a little.
Sold SOXL JAN 7 2022 67.5 Put @ 2.00
Sold SOXL FEB 4 2022 58.0 Put @ 2.60
Sold SOXL FEB 18 2022 55.0 Put @ 2.95
SOXL
#shortputs
sto, 7 JAN 2022 58 PUT @.21
.33% ROR/for week/alleged year return 17.5%
LABU NVDA TSLA
#ShortPuts – A few today.
LABU: Revenge trades.
Bought to Close LABU DEC 31 2021 36.0 Put @ .15 (sold for 1.41)
Bought to Close LABU DEC 31 2021 37.0 Put @ .30 (sold for 1.70)
Bought to Close LABU DEC 31 2021 38.0 Put @ .50 (sold for 2.10)
NVDA: Taking over 80 percent 3 weeks early.
Bought to Close NVDA JAN 21 2022 240.0 Put @ .76 (sold for 4.00)
TSLA: Selling the 200 day the week before earnings.
Sold TSLA JAN 21 2022 800.0 Put @ 3.54
TSLA
Tesla Recalls More Than 475,000 US Vehicles Due To Quality Issues
The massive number of vehicles being recalled represents about 25% of all Tesla vehicles manufactured since the company’s inception.
I’m hoping the news holds the stock down for at least the next 2 days.
SPXpire
FXI Put Roll / TQQQ Put Close
#shortputs
$FXI BTC 12/31/38 put and STO 1/7 38 put at added credit of .05
$TQQQ BTC 1/7 115 put at .10. STO at 2.80
LABU Feb
Sold to open $LABU Feb 18 24 puts @ 1.05
VXX Strangle
Sold VXX Dec 31 2021 20.0 Call at $0.30
Sold VXX Dec 31 2021 18.5 Put at $0.11 and more at $0.12
TNA Call
Sold 1 TNA Dec 31 2021 88.0 Call at $2.05.
Paired with the short 88 put I rolled to last week for a short staddle for a total of $8.01
LABU Put
Sold 1 LABU Dec 31 2021 38.0 Put at $1.34
VXX Calls
Added a couple more of the short VXX Dec 31 2021 21.0 Calls at $0.24
SPX trades
#SPX5dte Bought to Open $SPX Jan 3rd 4760/4780-4790/4810 condors for 15.95, with SPX at 4785.
TQQQ,
BTC January 21, 55 put at .03, sold at 4.80 a long time ago. Took off the risk with 4 weeks to go.
SOXL Put Close
#shortputs
$SOXL BTC 1/21/2022 30 put at .10. STO at 2.40 on 9/2
Options Bistro 