#ShortPuts – Replacing this week’s with fairly aggressive strikes. Come and get it Mr. Market.
Sold SOXL JAN 28 2022 55.0 Put @ 3.40
Sold TQQQ JAN 28 2022 130.0 Put @ 4.40
Category Archives: Uncategorized
TQQQ,
STO January 14, 130 put at 3.10
Downside Warning canceled
#VIXIndicator Another brief and shallow correction in the books as we look poised to march higher.
TNA
LABU
#CoveredCalls – More end of the year clean up. Letting some stock go at a loss after selling ITM calls against it all the way down. Minimal damage to what has been a top performer YTD. Will probably let some more go next week to clean the slate for 2022.
Stock called away at 27.00 (basis 32.75)
TQQQ Put Close
#shortputs
$TQQQ BTC 12/17 130 put at .35. STO at 2.60
OptionsExpiration
Expired:
LABU 12/10/2021 75/47 Bear Call Spread
LABU 12/10/2021 46.0 Diagonal Calls
RIVN 12/10/2021 127.0 Diagonal Call
RIVN 12/10/2021 105.0 Diagonal Put
SQQQ 12/10/2021 7.0 Covered Call
TLRY 12/10/2021 11.0 Covered Calls
TLRY 12/10/2021 11.5 Covered Call
TNA 12/10/2021 110/92.5 Bear Call Spread
TNA 12/10/2021 92.0 Diagonal Call
TNA 12/10/2021 91.5 Diagonal Call
TNA 12/10/2021 91.0 Diagonal Call
TNA 12/10/2021 90.5 Diagonal Call
TNA 12/10/2021 90.0 Diagonal Call
TNA 12/10/2021 65.0 Diagonal Put
TQQQ 12/10/2021 125/120 Bear PUT spread
VXX 12/10/2021 51/27 Bear Call Spreads
VXX 12/10/2021 46/27 Bear Call Spreads
VXX 12/10/2021 45/27 Bear Call Spreads
VXX 12/10/2021 34/27 Bear Call Spreads
VXX 12/10/2021 23.5 Diagonal Calls
VXX 12/10/2021 22.5 Diagonal Calls
VXX 12/10/2021 19.5 Diagonal Puts – #VXXContango
TQQQ Call Rollup
Last trade of the day
Bought to close 1 TQQQ Dec 10 2021 170.0 Call at $0.01. Sold last week on a rollup at $2.55.
Sold to Open 1 TQQQ Dec 17 2021 177.5 Call at $1.03 to replace it.
LABU Puts
Well, my scalp trade didn’t work so I’m rolling the short put back down.
Bought to close LABU Dec 10 2021 35.0 Puts at $0.57
Sold to Open LABU Dec 17 2021 32.0 Puts at $1.47.
The 52-week low on LABU is $32.42
Last VXX Puts for today
Bought to close VXX Dec 10 2021 21.0 Puts at $0.14. Sold as the short side of a long term #VXXContango trade yesterday at $0.28.
Sold VXX Dec 17 2021 19.5 Puts at $0.21 to replace it
#VXXContango
SPX trades
#SPX1dte Sold to Open $SPX Dec 13th 4600/4620-4755/4775 condors for .95, SPX at 4704, IV 8.75%, deltas -.06 +.06
Expiring: Dec 10th 4570/4590-4735/4755 condors, sold yesterday for 1.10
VXX Calls closed
A huge win as I let all my VXX stock get called away last week and had to roll deep ITM calls forward a week for a bit of additional premium.
Bought to close VXX Dec 10 2021 21.5 Calls at $0.01.
Sold these last Friday at $6.70.
I am letting even bigger positions in short VXX calls and bear call spreads expire at 22.50, 23.0 and 27.0
#VXXContango
VXX Puts rolled down
Bought to close VXX Dec 10 2021 22.0 Puts / Sold to Open VXX Dec 17 2021 21.0 Puts at $0.02 Credit
Bought to close VXX Dec 10 2021 21.5 Puts / Sold to Open VXX Dec 17 2021 20.5 Puts at $0.06 Credit.
Lowered the short strike a point on both positions
TNA Put Rolled
Bought to close 1 TNA Dec 10 2021 90.0 Put at $8.80. Sold last week on a roll at $15.48.
Sold to Open 1 TNA Dec 17 2021 89.5 Put at $8.85 and improved the strike just $0.50.
I do have TNA 90.0 thru 92.50 short diagonal calls that will expire at 4:00
VXX Calls
Sold VXX Dec 17 2021 25.5 Calls at $0.26.
I have a large number of 22.50, 23.50 and 27.0 short Calls expiring today
FAS
#ShortPuts – Taking some risk off.
Bought to Close FAS DEC 17 2021 115.0 Put @ 1.03 (sold for 2.75)
VXX1
I have a bunch of old pre-split VXX long puts. They are all in the money but don’t expire until Jan 2022 and Jun 2022.
Scalping a bit of premium for the next week because there are contracts for Dec 17th and there is no margin requirement to sell these.
Sold VXX1 Dec 17 2021 5.0 Puts at $0.10 (same as a strike 20 put for $0.40)
#VXXContango
TQQQ Rollup
Bought to close 1 TQQQ Dec 10 2021 138.0 Call at $24.76. Sold on a roll last Friday at $32.60.
Sold 1 TQQQ Dec 17 2021 139.0 Call at $24.78 and moved the strike up a point.
Waiting for my short diagonal TQQQ Dec 10 2021 170.0 Call to expire at the close
PYPL
Roll $PYPL Dec-10-21 185//Dec-17-21 185 #ShortPuts @ 2.3 #cashsecured
Probably be the last roll of this for the year.
COUP
#JadeLizards – Looking a little weak so taking the stop out at .05 loss.
Bought to Close COUP DEC 31 2021 150.0/175.0/180.0 Jade Lizard @ 5.30 (sold for 5.25)
LOVE Put Close
#shortputs #earnings
$LOVE BTC 12/17 55 put at .05. STO at 3.40 on Tuesday.
SPX trades
#SPX5dte Bought to Open $SPX Dec 15th 4645/4665-4675/4695 for 17.35.
Sold to close Dec 10th 4585/4605-4625/4645 condors for 18.60. Bought on Monday for 18.05. Market losing some stability so not going to risk going into the dead zone tomorrow.
LABU ladder
Sold the following ladder:
$LABU Dec 23 32 puts @ 1.45
$LABU Dec 31 30 puts @ 1.40
$LABU Jan 7 30 puts @ 1.80
LABU double dip
Bought to close LABU Dec 10 2021 30.0 Puts at $0.03. Sold Last Friday on a rolldown at $1.04
Sold to Open LABU Dec 10 2021 35.0 Puts at $0.28 for my 2nd write for this week.
LABU is 38 and this expires tomorrow.
#DoubleDip
TQQQ Call rollup
Like my earlier TSLA rollup, the strike I wanted to roll to for next week was not available, so I had to pay some cash to increase the strike for next week.
Bought to close 1 TQQQ Dec 10 2021 146.0 Call at $18.84. Sold on a roll last week at $20.80.
Sold to Open 1 TQQQ Dec 17 2021 150.0 Call at $17.04 for a debit of 1.80, but bumped the short strike up 4 points.
ROKU
#ShortPuts – Jumping back in.
Sold ROKU DEC 23 2021 215.0 Put @ 3.75
AMZN Iron Condor
Selling some premium here with IV still a bit elevated. Sold to open $AMZN Jan 21 3150/3200/3800/3850 iron condor @ 14.40. Short puts 17 delta, short calls 21 delta.
CMCSA stock
The only #SP500 stock hitting a new low today.
Bought a tiny bit at $48.00
#FallingKnife
TQQQ Call rollup
Bought to close 1 TQQQ Dec 10 2021 155.0 Call / Sold to Open 1 TQQQ Dec 17 2021 157.5 Call at $0.32 Credit
TSLA Call Rollup
Rolled up one of my 2 remaining bearish calls to next week. Unfortunately, I am rolling up a 900 Call and there is no 905 Call to roll to, and I can’t roll it up to 910 at a credit.
Bought to close 1 TSLA Dec 10 2021 900.0 Call at $136.70. Sold on a rollup last week at $170.00
Sold to Open 1 TSLA Dec 17 2021 910.0 Call at $133.20 for a debit of 3.50 but a 10 point bump up in strike. I hate spending cash to do a rollup but it is sometimes necessary.
More VXX Puts
One last #VXXContango trade for this week, adding to what I did yesterday.
Bought to Open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Dec 10 2021 21.0 Puts at $0.15 Net Credit
Long side = 407 DTE
Short side = 2 DTE
TQQQ,
BTC December 10, 105 put at .01, sold at 1.22
SNAP Call Roll / TSLA Put Close
#coveredcalls
$SNAP BTC 12/17 52 call and STO 12/31 53 call at added credit of .30
#shortputs
$TSLA BTC 12/17 700 put at .50. This was rolled once. Total credit taken in 9.74. Thank you @fuzzballl for original idea
VIX
The round trip is almost complete.
From Nov 24th close near 18.50 to the Dec 13th high around 35.00 and now down below 20.
Doing just what is expected after a big move.
Not ‘Volmageddon 2.0’ but very tradable anyway.
NVDA
#ShortPuts – Down slightly today. Taking a short term shot outside the expected move.
Sold NVDA DEC 31 2021 275.0 Put @ 3.05
ROKU
#ShortPuts – Got bailed out on this one with the You Tube agreemant today. Gladly taking it here after the wild ride.
Bought to Close ROKU DEC 17 2021 225.0 Put @ 1.20 (sold for 5.00)
TSLA
#JadeLizards – Making sure this doesn’t get away to the upside. Made my target which was to make up for a BABA loss taken earlier. Looking to re-load TSLA on next big down move.
Bought to Close TSLA DEC 17 2021 775/1100/1110 Jade Lizard @ 4.20 (sold for 10.50)
More VXX Puts
Adding to what I did yesterday.
Bought to Open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Dec 10 2021 21.5 Puts at $0.09 Net Credit
Bought to Open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Dec 17 2021 20.0 Puts at $0.05 Net Credit
Long side = 408 DTE
Short side = 3 DTE and 10 DTE
#VXXContango
XOP,
BTO, January 21, 103/113 call spread at 3.40, I think oil goes higher but this is a small trade.
COUP
#JadeLizard – Nice selloff after earnings. Taking a small shot a few weeks out.
Sold COUP DEC 31 2021 150.0/175.0/180.0 Jade Lizard @ 5.25
SPX trades
#SPX5dte Sold to close $SPX Dec 8th 4570/4590-4600/4620 condors for 19.70. Condors Bought for 18.25 last Thursday, so 1.45 profit.
EWZ FXI SOXL TQQQ
#ShortPuts – Sprinkling a few out there.
EWZ: Full position now. Will roll month to month for nice credit. Hoping the stock doesn’t rally too much.
Sold EWZ DEC 17 2021 31.0 Put @ 2.00
Sold EWZ DEC 17 2021 32.0 Put @ 2.85
Sold EWZ JAN 21 2022 33.0 Puts @ 4.05 and 4.10
FXI: Same as EWZ.
Sold FXI DEC 17 2021 39.0 Put @ 1.20
Sold FXI DEC 17 2021 41.0 Put @ 2.85
Sold FXI DEC 31 2021 38.0 Puts @ .95
SOXL: Filling in the missing rung. Had to call TDA to get extra strikes added. Monday at the open was when I wanted to sell this one but not low enough strikes available. Could’ve been really good.
Sold SOXL JAN 14 2022 57.5 Put @ 3.00
TQQQ: Same thing as SOXL. Thanks a lot TDA…
Sold TQQQ JAN 14 2022 130.0 Put @ 3.25
O.T.,
The smart money and dumb money is at an extreme and the smart money is bullish.
SOXL Put Close / SNAP ZIM UPST Call Roll
#shortputs
$SOXL BTC 12/17 50 put at .40. STO at 2.09. Thank you @fuzzballl
#coveredcalls
$SNAP BTC 12/10 50 call and STO 12/17 52 call at cost of .15
$ZIM BTC 12/17 60 call and STO 1/21 65 call at added credit of .45. High long call volume on this stock
$UPST BTC 12/10 172.5 call and STO 12/17 180 call at added cost of 2.45. Would gain 7.50 if called away. Stock closed at 193.88
Closing CAT for a small profit
Been rolling this one around since I put the original 185/220 strangle on. Position was rolled down and up 3 times to end up with a 200 straddle.
Bought to close $CAT 12/17 200 straddle @ 8.30. Total premium taken in 8.66, so a profit of .36.
Will look to reinitiate something in Jan with IV still elevated.
LOVE Earnings
#shortputs #earnings
$LOVE STO 12/17 55 puts at 2.40
LABU Calls
Sold LABU Dec 10 2021 46.0 Calls at $0.45
Sold LABU Dec 10 2021 47.0 Call at $0.40
I’m already short the 46, 43 and 30 Puts for this week.
VXX Puts
With all my long VXX stock gone via assignment last Friday and all last week’s short puts covered at a penny, I’m wading back into some #VXXContango Trades.
Bought to Open 2 Contracts VXX Mar 18 2022 13.0 Puts / Sold to Open VXX Dec 10 2021 22.0 Puts at $0.07 Net Credit
Bought to Open 2 Contracts VXX Mar 18 2022 13.0 Puts / Sold to Open VXX Dec 17 2021 20.5 Puts at $0.03 Net Credit
Long side = 102 DTE
Short side = 4 DTE and 11 DTE
SPX trades
#SPX5dte Bought to Open $SPX Dec 13th 4665/4685-4695/4715 condors for 17.00, with SPX at 4689.
SPY
#ShortPuts – With the S&P up nearly 100 just have to take these.
Bought to Close SPY DEC 17 2021 430.0 Put @ .62 (sold for 3.31)
Bought to Close SPY JAN 21 2022 410.0 Put @ 2.25 (sold for 4.75)
NVDA
#JadeLizards – Almost half in a day. With 45 days to go I’ll take it here.
Bought to Close NVDA JAN 21 2022 225.0/325.0/330.0 Jade Lizard @ 3.75 (sold for 6.45)
NVDA
Superb vol crush in NVDA. Great heads up call yesterday Fuzzy!
VXX Long Puts
Getting ready for future #VXXContango Trades
Bought to Open VXX Jun 16 2023 5.0 Puts at $0.40.
I will eventually sell short term weekly puts to recover the cost.
TLRY Covered Calls
Sold TLRY Dec 23 2021 13.0 Calls at $0.15
RIVN Call Diagonal
Bought 1 RIVN Jan 07 2021 180.0 Call / Sold to Open 1 RIVN Dec 10 2021 127.0 Call at $0.17 Credit.
Since I’ve already got a Bull Put spread with the 105.0 Put short for Friday, that gives me a short 105 / 127 strangle with a total Dec 10 premium of $10.02
TNA Calls
Sold 1 TNA Dec 10 2021 90.0 Call at $0.52. I was already short a TNA 90.0 put that I rolled Friday.
Then I added more diagonal spreads.
Bought 1 Dec 23 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 90.5 Call at $0.26 Credit
Bought 1 Dec 31 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 91.0 Call at $0.02 Credit
Bought 1 Dec 31 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 91.5 Call at $0.02 Credit
Bought 1 Dec 31 2021 110.0 Call / Sold to Open 1 TNA Dec 10 2021 92.0 Call at $0.02 Credit
SPX trades
#SPX5dte Bought to Open $SPX Dec 10th 4585/4605-4615/4625 condors for 18.05, with SPX at 4609.
Looks like I made exactly the wrong move on Friday by selling the call side of today’s 5-dte. Psychology gets me on those decisions way too often…. VIX was soaring and market was down, so I assume the market will continue down. Instead, I should have looked at the decent premium available for the put side and taken it, risking a small loss, but with a good chance of making it a big win today if we bounced. That would have happened if I hadn’t made the wrong choice. Now I just have to look for a pullback into the close, which is certainly possible with current volatility, but looking unlikely with continuing strength in last couple of hours.
NVDA
#JadeLizards – Breakeven down near the 200 day and no upside risk. With IV rank near 100 almost have to sell something here.
Sold NVDA JAN 21 2022 225.0/325.0/330.0 Jade Lizard @ 6.45
TSLA – unwinding a spread
Bought to close 1 TSLA Dec 10 2021 960.0 Call at $43.95. Sold on a rollup on Friday at $70.88
Sold to close 1 TSLA Dec 17 2021 1,000.0 Call at $44.00. Bought to open this on 09/27 at $9.79.
I haven’t tracked how many times I’ve rolled the short side up since September but each roll has been for a credit so this has to be a #WinWin Trade.
I also dumped all my long puts for the coming week at gains.
Sold to close 1 TSLA Dec 10 2021 700.0 Put at $1.20. Bought as the long side of last week’s BCS
Sold to close 1 TSLA Dec 10 2021 750.0 Put at $1.98. Bought as the long side of last week’s BCS
Options Expiration and -Lots of rolls-
Rolled LABU Puts, TQQQ Puts, TNA Puts, a TSLA Call, and lots and lots of VXX Calls
I’m fried right now so I’ll post those later
Expired:
LABU 12/03/2021 75/50 Bear Call Spreads
LABU 12/03/2021 58/47 Bear Call Spreads
SQQQ 12/03/2021 7.0 Covered Call
TLRY 12/03/2021 11.0 Covered Calls
TQQQ 12/03/2021 185.0 Call
TSLA 12/03/2021 750/890 Bull Put Spread
TSLA 12/03/2021 940.0 Diagonal Put
Assignments:
TLRY 12/03/2021 15.0 Puts – cost after put premium will be $10.68
All my VXX Stock was called away
VXX 12/03/2021 22.5 Covered Calls
VXX 12/03/2021 23.0 Covered Calls
VXX 12/03/2021 23.5 Covered Calls
Time for an adult beverage 🙂
FAS
STO FAS Dec17’21 90 PUT @1.80
SOXL
STO SOXL Dec17’21 45 PUT @1.20
TQQQ
STO TQQQ Dec17’21 105 PUT @1.73
ARKK
STO ARKK Jan21’22 70.96 PUT @1.62
SPX trades
#SPX5dte Sold to close $SPX Dec 6th 4605/4625 call spreads for 2.55. Holding put spreads for Monday for hopeful max credit. A bit risky as we have been getting big bounces on this correction, but even if that happens Monday I still think it will be the put side where I get most profit. Condors bought for 18.05 on Tuesday.
TQQQ,
BTC December 3, 105 put at .01, sold at .95
VIX rising
Indices are down, but not as dramatically as the $VIX is up. Probably a deeper market drop into the close.
RIVN Short Put Rolled down
Bought to Close 1 RIVN Dec 03 2021 110.0 Put/ Sold to Open 1 RIVN Dec 10 2021 105.0 Put at $1.23 Credit plus an extra 5 points lower on the short put.
I actually have two long puts to act as a hedge, a Dec 70.0 Put and a Jan 65.0 Put.
#OnlySpreads
DIS long term short puts
An OG @optioniceman #FallingKnife trade. Sold $DIS Mar 18 2022 115 puts @ 2.04, delta 12. Stock trading at 145.50, down around 30% from its 2021 highs. The strike price is at a level not seen since July 2020. If it’s below that price in March I’ll likely take assignment for just under 113.
soxl
TQQQ Call Closed
Bought to close 1 TQQQ Dec 03 2021 170.0 Call at $0.01. Sold last Friday on a roll at $4.40
RIVN long Put closed
Sold to close 1 RIVN Jan 21 2022 70.0 Put at $3.20.
Bought as part of a Diagonal Bull Put spread on 11/17 at $2.17.
Wrote against it several times and recovered the cost at least twice, and now out of this long with a point profit.
#WinWin
SHY,
This is the 1-3 year treasury bond and it is making a new low today.Just another 60 basis points and we will have a flat yield curve out to ten years.
FYI,
Note from Mark
Friday, Dec 3, 2021, 9:54 AM EST
DOCU highlights the inherent risk in this market and is yet another names that has succumbed to my 50/80 Rule, which states: Once a market leader puts in a secular top, there’s a 50 percent chance that it will decline by 80 percent—and an 80 percent chance it will decline by 50 percent.
Investors could have avoided this carnage if they adhered to my simple rule: avoid all stocks below the 200-day moving average and only buy stocks in a Stage 2 uptrend.
DOCU-slammed
Down 40% after earnings.
Sold to open $DOCU Jan 21 130/120 bull put spread @ 3.21
Options Bistro 