#SPX5dte Bought to Open $SPX Jan 3rd 4760/4780-4790/4810 condors for 15.95, with SPX at 4785.
Category Archives: Uncategorized
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
TQQQ Put Close / DOCU BUPS Close / BX Call Roll
#shortputs
$TQQQ BTC 12/31 130 put at .05. STO at 3.60. Thank you @fuzzballl
#bups
$DOCU BTC 1/21/2022 120/125 BUPS at .20. STO at 1.73. Thank you @ramie77
#syntheticcoveredcalls
$BX BTC 12/31 135 calls and STO 1/7 137 calls at added credit of .35
TQQQ,
BTC January 21, 40 puts at .02, sold at 2.19 a long time ago. Frees up a lot of margin.
TFX Stock
I bought TFX stock 5 times as it fell in November and on Dec 01. Selling off the first, highest cost lot at a small gain.
Sold TFX at $333.00
Upside Warning in effect!
#VIXIndicator Santa has arrived.
TNA Call
Sold 1 TNA Dec 31 2021 88.0 Diagonal Call at $1.40
#OnlySpreads
TSLA
Taking another crack at TSLA
Bought 1 TSLA Feb 1300 Call, Sold 1 TSLA Dec 31 2021 1075.0 Call at $1.20 Credit
#OnlySpreads
VXX Calls
Sold VXX Dec 30 20211 21.0 Calls at $0.34, $.040, $0.42 and $0.44
#OnlySpreads
SPX trades
#SPX5dte Bought to open $SPX Dec 31st 4755/4775-4785/4805 condors for 15.60, with SPX at 4780.
@fuzzballl Have you looked at…
Have you looked at ARKG and ARKF ?
EWZ
#ShortPuts – These were sold against a bunch of short puts. Getting them out of the way to see if EWZ can get on a run.
Bought to Close EWZ JAN 21 2022 28.0/33.0 Bear Call Spreads @ .94 (sold for 1.10)
SOXL TQQQ
#ShortPuts – On a run like this feel like I have to take some more off. 90 percent two weeks early works for me.
Bought to Close SOXL JAN 7 2022 55.0 Put @ .22 (sold for 4.00)
Bought to Close SOXL JAN 7 2022 57.5 Put @ .33 (sold for 2.70)
Bought to Close TQQQ JAN 7 2022 125.0 Put @ .29 (sold for 3.50)
XBI
#ShortPuts – Starter position.
Sold XBI FEB 18 2022 105.0 Put @ 2.60
TQQQ,
They will be split 2 for 1 in the second week of January.
OptionsExpiration
For the 2nd week in a row EVERY short position I had for this week in VXX expired. I had a lot of old long calls from prior spreads run off too, but I got to write against those mostly worthless calls one more time.
Of course, that means the strong market forced me to roll a lot of calls in other stocks
EXPIRED:
RIVN 12/23/2021 90.0 Diagonal Put
SQQQ 12/23/2021 7.0 Covered Calls
TLRY 12/23/2021 12.0 Covered Calls
TNA 12/23/2021 60/71 Bull Put Spread
TNA 12/23/2021 65.0 Diagonal Put
TQQQ 12/23/2021 120/140 Bull Put Spreads
TQQQ 12/23/2021 130.0 Diagonal Puts
TSLA 12/23/2021 720/800 Bull Put Spread
TSLA 12/23/2021 700/790 Bull Put Spread
VXX 12/23/2021 36/27 Bear Call Spreads
VXX 12/23/2021 37/28 Bear Call Spreads
VXX 12/23/2021 46/29 Bear Call Spreads
VXX 12/23/2021 47/30 Bear Call Spreads
VXX 12/23/2021 26.0 Diagonal Calls
VXX 12/23/2021 25.0 Diagonal Calls
VXX 12/23/2021 24.0 Diagonal Calls
VXX 12/23/2021 23.5 Diagonal Calls
VXX 12/23/2021 23.0 Diagonal Calls
VXX 12/23/2021 18.0 Diagonal Puts
XLV 12/23/2021 136.0 Diagonal Put
XLV 12/23/2021 137.0 Diagonal Put
Merry Christmas
Thank everyone for all the presents you deliver every day. Especially to @jeffcp66 who makes it all possible.
Stay healthy.
Merry Christmas everyone
Merry Christmas everyone
TQQQ Call Rollups
Bought to Close 1 TQQQ Dec 23 2021 160.0 Call / Sold to Open 1 TQQQ Dec 31 2021 163.0 Call at $0.07 Credit.
Bought to Close 1 TQQQ Dec 23 2021 162.0 Call / Sold to Open 1 TQQQ Dec 31 2021 165.0 Call at $0.47 Credit.
Bought to Close 1 TQQQ Dec 23 2021 162.0 Call / Sold to Open 1 TQQQ Dec 31 2021 166.0 Call at $0.05 Credit.
Done for today.
TNA Calls Rolled up.
Almost finished for today
Bought to Close 1 TNA Dec 23 2021 82.0 Call / Sold to Open 1 TNA Dec 31 2021 85.0 Call at $0.02 Credit
Bought to Close 1 TNA Dec 23 2021 81.0 Call / Sold to Open 1 TNA Dec 31 2021 83.0 Call at $0.38 Credit
Bought to Close TNA Dec 23 2021 80.0 Calls / Sold to Open TNA Dec 31 2021 82.0 Calls at $0.02 Credit
LABU Calls Rolled up
Bought to Close LABU Dec 23 2021 41.0 Calls at $1.67. Sold last Friday at $1.75 so a tiny gain.
Sold to Open LABU Dec 31 2021 44.0 Calls at $1.72 to replace them
Bought to close 1 LABU 1 Dec 23 2021 42.0 Call at $0.60. Sold on Monday at $1.45
Sold to Open 1 LABU Dec 31 2021 45.0 Call at $1.25 and create a 45 strangle with the put I rolled down to earlier.
LABU Puts Closed
Didn’t expect this last Friday.
Bought to close LABU Dec 23 2021 42.0 Puts at $0.05. They won’t trade any lower.
Sold last Friday at $4.08 on a rolldown.
TQQQ,
STO March 18, 85 put at 2.32
TQQQ
STO February 18, 125 put at 4.65
ARKK
#CoveredCalls – Last one today.
Bought to Close ARKK DEC 23 2021 100.0 Calls @ .08 (sold for 1.18)
Sold ARKK DEC 31 2021 99.0 Calls @ 2.21
Closing DOCU
Bought to close $DOCU Jan 21 130/120 bull put spread @ .67. Sold for 3.21 on 12/3. Don’t want to wait a month for the last 20%.
SOXL
21 JAN 2022 47.67 PUT @.75/sold for 2.05
29 days left
XBI
#ShortPuts – Never got a chance to add to the starter. Runing up to resistance so taking 80 percent 30 days early.
Bought to Close XBI JAN 21 2022 100.0 Put @ .40 (sold for 2.10)
Santa Claus rally hath commenced
SOXL TQQQ
#ShortPuts – When I sold these so far out in time the plan was to scalp if the chance came along. I’ll do that since there’s plenty of time to reload out in Feb on any weakness.
SOXL:
Bought to Close SOXL FEB 18 2022 45.0 Put @ 1.60 (sold for 3.90)
Bought to Close SOXL FEB 18 2022 50.0 Put @ 2.35 (sold for 5.70)
TQQQ:
Bought to Close TQQQ FEB 18 2022 105.0 Put @ 2.50 (sold for 6.10)
TQQQ,
BTC December 23, 110 put at .01, sold at 1.12
EWZ
#ShortPuts – Getting this one back up to size.
Sold EWZ JAN 21 2022 28.0 Puts @ 1.18
Sold EWZ JAN 21 2022 29.0 Puts @ 1.80
Sold EWZ JAN 21 2022 30.0 Put @ 2.56
NVDA
#ShortPuts – Wild ride in this one.
Bought to Close NVDA DEC 31 2021 275.0 Put @ 1.05 (sold for 3.05)
TSLA
#JadeLizards – Big rally. Will look to get back in on any weakness.
Bought to Close TSLA Jan 21 2022 650/1020/1025 Jade Lizard @ 3.74 (sold for 6.20)
ROKU
#ShortPuts #JadeLizards – Jade Lizard will go away today with a loss of 3.60. I sold the call spread side very aggressively in the money and wide enough where there was some upside risk. Main thing was to help if ROKU continued dropping. Stock recovered so reloading the short put side.
This is similar to why I sometimes sell covered calls below my stock basis to get max downside protection. By the time the stock recovers it’s probably a good time to load up the short put side again to make it up if you get whipsawed. Seems like I get back to even much quicker this way instead of selling less aggressive calls each week.
ROKU DEC 23 2021 195.0/210.0/215.0 Jade Lizard (goes away @ 15 debit and sold for 11.40)
Replaced with:
Sold ROKU JAN 7 2022 215.0 Put @ 5.25
EDIT: Just to clarify that Jade Lizard is 195/210 BeCS and 215 short put…
EDIT EDIT: Is a Jade Lizard with upside risk really a Jade Lizard? LOL!
LABU – new diagonal Call spread
Bought to Open 1 LABU Jan 21 2022 50.0 Call / Sold to Open 1 LABU Dec 31 2021 42.0 Call at $0.15 Credit.
To partially offset the short put risk for next week.
KOLD
Legged into this one.
Sold to open KOLD Jan 21 2022 10.0 Put at $0.90 yesterday.
Bought to open KOLD Aug 19 2022 6.0 Put at $0.50 today.
Pretty good ROI on the spread requirements for the first month.
If Nat gas spikes and KOLD tanks, I can always roll the short down at the January expiration.
SOXL SPXL SPY TQQQ
#ShortPuts – Taking a little off here…70 percent or more of max with a lot of time left on some of these.
SOXL:
Bought to Close SOXL DEC 31 2021 55.0 Put @ .24 (sold for 3.60)
Bought to Close SOXL DEC 31 2021 57.5 Put @ .40 (sold for 3.40)
SPXL:
Bought to Close SPXL JAN 21 2022 105.0 Put @ 1.00 (sold for 3.50)
SPY:
Bought to Close SPY JAN 21 2022 420.0 Put @ 1.00 (sold for 3.75)
TQQQ:
Bought to Close TQQQ DEC 31 2021 130.0 Put @ .24 (sold for 3.50)
Bought to Close TQQQ DEC 31 2021 140.0 Put @ .49 (sold for 2.45)
TSLA – New Short Calendar Iron Condor Spread
Bought to Open 1 Contract TSLA Jan 21 2022 710.0 Put / Sold to Open 1 TSLA Dec 31 2021 885.0 Put at $0.03 Credit for the first week. I expect several re-writes.
Paired with this new call spread
Bought 1 TSLA Feb 18 2022 1,200 Call / Sold to Open TSLA Dec 31 2021 1,000 Call at $3.50 Net Credit.
The long call has enough life that I should get multiple re-writes.
The result is 885 / 1000 short strangle for the coming week with an initial total short premium of $5,535
TQQQ Puts
Sold to Open TQQQ Dec 31 2021 140.0 Diagonal Puts at $0.50 for next week.
LABU TNA Put Rolldowns
Bought to Close 1 LABU Dec 23 2021 46.0 Put at $5.50. Sold last week on a roll at $13.39.
Sold to Open 1 LABU Dec 31 2021 45.0 Put at $0.25 Debit but gained a point on the strike.
(I hate rolling down when it costs me cash but there is no 46.0 put for next week.)
Bought to Close 1 TNA Dec 23 2021 89.0 Put at $5.80. Sold last week on a rolldown at $13.78.
Sold to Open 1 TNA Dec 31 2021 88.0 Put at $0.16 Credit and gained a point on the strike.
SOXL
btc, 31 DEC 2021 55 PUT @.24 /sold for 3.60
btc,31 DEC 2021 48 PUT @.08/sold for 1.80
TQQQ TSLA Call Rollups and Rollouts
Bought to Close 1 TSLA Dec 23 2021 930.0 Call / Sold to Open 1 TSLA Dec 31 2021 940.0 Call at $0.05 Credit. Gained another 10 points on the short strike.
Bought to Close 1 TQQQ Dec 23 2021 140.0 Call / Sold to Open 1 TQQQ Dec 31 2021 140.0 Call at $0.20 Credit
Bought to Close 1 TQQQ Dec 23 2021 151.0 Call / Sold to Open 1 TQQQ Dec 31 2021 152.5 Call at $0.15 Credit
MRVL PFE Call Close / PFE Strangle / SNAP UPST RCL Call Roll / TQQQ Put Close
#syntheticcoveredcalls #coveredcalls
$MRVL BTC 12/23 90 call at .10. STO at 1.00
$PFE BTC 12/23 63 call at .10. STO at 1.01
$SNAP BTC 12/31 46 call and STO 1/7/2022 47 call at even
$UPST BTC 12/23 147 call and STO 12/31 152.50 call at added credit of 1.80
$RCL BTC 12/31 77 call and STO 1/7/2022 79 call at even.
#shortstrangles
$PFE STO 12/31 57.50/61 strangle at 1.70
#shortputs
$TQQQ BTC 12/31 125 put at .40. STO at 2.95. Thank you @jsd501
Downside warning canceled
#VIXindicator It is sometimes the case that a spike in the VIX that triggers a second or third warning is a capitulation move signaling the end of volatility. Perhaps that’s what happened on Monday, and we’re now cleared for a Santa Claus rally?
SOXL
#ShortPuts – Bought to Close SOXL DEC 23 2021 60.0 Put @ .10 (sold for 1.50)
TSLA,
BTC January 21, 650 put,1020/1025 call spread (jade lizard) at 3.80, sold at 6.10
Hat tip to fuzzball for the idea.
Closing LABU 12/31
Bought to close $LABU Dec 31 30 puts @ .15. Sold for 1.40 on 12/9.
TQQQ
#JadeLizards – Bought to Close TQQQ DEC 23 2021 143.0/157.5/160.0 Jade Lizard @ 1.20 (sold for 3.75)
SPX trades
#SPX1dte Bought to close $SPX 4560/4540 put spreads for .10. Taking downside risk off. Condors sold for 1.25 yesterday.
TQQQ Calls
Sold TQQQ Dec 23 2021 162.0 Calls at $0.60.
#OnlySpreads
Edit: a bit too early 😦
TNA Call
Sold 1 TNA Dec 23 2021 81.0 Diagonal Call at $1.75
#OnlySpreads
Snow Increasing
The web page is experiencing an increase in wintry conditions. Is this a fore telling of profits piling up? Or is it just a lot of snow.
@jeffcp66 Thank you for the snow job. 😉
TQQQ,
STO January 14, 180 call at 1.18, taking a chance on a bearish trade.
#coveredcalls sto LABU 18 MAR…
sto LABU 18 MAR 2022 50 CALL @4.50
from assignment Friday @ 51put/sold @ 2.20
SPX trades
#SPX5dte Sold to close $SPX Dec 22nd 4695/4715 call spreads for .60. Added to the 19.00 I got from puts, that’s a 2.20 profit.
Bought to Open Dec 27th 4585/4605-4615/4635 condors for 17.60, with SPX at 4603.
KOLD
My previous spreads worked pretty well. I wrote against May 2022 long puts 3 times (Oct, Nov & Dec).
My long May puts are not worth much except as “lottery tickets” so starting over.
Bought to open KOLD Aug 19 2022 6.0 Put at $0.65.
Sold to open KOLD Jan 21 2022 11.0 Put at $1.10.
If Nat gas spikes I can always roll the short down in January
Markets
Downside Warning on again
#VIXindicator Just in time for the holidays!
XLV breakout from Carter Worth
While I don’t trust breakouts, this is interesting.
https://www.cnbc.com/video/2021/12/17/carter-worth-and-mike-khouw-lay-out-a-way-to-play-the-xlv.html
My strategy:
Bought to Open 1 XLV Mar 18 2022 108.0 Put
Sold to Open 1 XLV Dec 23 2021 136.0 Put at $1.29, for a $0.62 Credit for the first week.
LABU Call
Sold 1 LABU Dec 23 2021 42.0 Diagonal Call at $1.45.
Paired with the LABU short puts for this week.
Dirty Dozen
1 LDOS
2 CMI
3 BA
4 IP
5 BBY
6 MDT
7 VIAC
8 LEG
9 ROST
10 PKG
11 LUV
12 LVS
#FallingKnife list
#SP500
SPXL
#ShortPuts – First time ever in this one. @jsd501 mentioned it the other day. Could be a cheaper way to play SPY. Not as liquid and only monthlies but decent premium. Selling below the 200 day and at recent lows.
Sold SPXL JAN 21 2022 105.0 Put @ 3.50
Taking some LABU off
Bought to close Dec 23 32 puts @ .30. Sold for 1.45 on 12/9
TNA Put
Sold 1 Sold 1 TNA Dec 23 2021 65.0 Put at $1.50
VIX indicator.
If it doesn’t flash a downside warning today I’d be very surprised
T2108
Current reading 14.70
TQQQ,
STO February 18, 90 put at 4.05
SQQQ
Sold 1 SQQQ Dec 23 2021 7.0 Covered Call at $0.20
VXX Call Ladder
Rewriting against long Calls left over from last week’s spreads. #DoubleDip
Sold VXX Dec 23 2021 30.0 Call at $0.35
Sold VXX Dec 23 2021 29.0 Call at $0.37
Sold VXX Dec 23 2021 28.0 Call at $0.56
Sold VXX Dec 23 2021 27.0 Call at $0.70
Sold VXX Dec 23 2021 26.0 Call at $1.00
Sold VXX Dec 23 2021 25.0 Call at $1.31
Sold VXX Dec 23 2021 24.0 Call at $1.51
Sold VXX Dec 23 2021 23.0 Call at $2.18
#OnlySpreads
LABU TNA TQQQ TSLA puts
All these replacing puts that expired on Friday. These strikes are even lower (except for LABU)
Sold LABU Dec 23 2021 35.0 Puts at $0.92
Sold 1 TNA Dec 23 2021 71.0 Put at $2.14
Sold TQQQ Dec 23 2021 130.0 Puts at $1.61
Sold 1 TSLA Dec 23 2021 800.0 Put at $2.38
Sold 1 TSLA Dec 23 2021 790.0 Put at $1.91
#OnlySpreads
SPY SVXY TQQQ
#ShortPuts – Small adds.
Sold SPY JAN 21 2022 420.0 Put @ 3.75
Sold SVXY JAN 21 2022 48.0 Put @ 2.00
Sold TQQQ FEB 18 2022 105.0 Put @ 6.10
IP PKG stock
Might be a big day for #FallingKnife trades
Started a tiny new position in #SP500 stock IP at $44.00.
Started a tiny new position in #SP500 stock PKG at $126.06. It’s a bit lower now
SPX trades
#SPx1dte STOPPED: Bought to close $SPX Dec 20th 4525/4505 put spreads for 4.00. Condors sold for 1.65 on Friday.
Options Bistro 