Bought to close VXX Oct 15 2021 23.5 Puts / Sold to Open VXX Oct 22 2021 23.5 Puts @ $0.31 Credit
Bought to close VXX Oct 15 2021 23.0 Puts / Sold to Open VXX Oct 22 2021 22.5 Puts @ $0.19 Credit plus an extra 0.50 improvement in the short strike.
Category Archives: Uncategorized
KOLD Puts
Bought to close KOLD Oct 15 2021 7.0 Puts at $0.05. They won’t trade any lower.
Sold on 09/27 at $0.90 and again on 09/28 at $1.46.
I now have some free May 2022 Puts to write against for next month.
SPX closing call spreads
Getting eaten up on these this week. Taking them off for now and will look for roll opportunities into next week. Bought to close:
$SPXW Oct 15 4450/4480 bear call spread @ 18.00
$SPXW Oct 15 4455/4485 bear call spread @ 15.75
$SPXW Oct 15 4460/4495 bear call spread @ 13.50
GS LABU ROKU SPCE TSLA ZM
#ShortPuts #CoveredCalls #Earnings – A little bit of everything.
GS: Closing earnings play.
Bought to Close GS OCT 15 2021 397.5/392.5 Bull Put Spread @ 1.00 (sold for 3.00)
LABU: Small adds for next week leaving room to add more.
Sold LABU OCT 22 2021 53.0 Put @ 1.05
Sold LABU OCT 22 2021 53.5 Put @ 1.20
Sold LABU OCT 22 2021 54.0 Put @ 1.35
ROKU: Pre-earnings at the expected move and near recent lows.
Sold ROKU OCT 29 2021 300.0 Put @ 3.05
SPCE: Pre-earnings and playing for an oversold bounce. Sized to accept stock if needed.
Sold SPCE NOV 5 2021 25.0/20.0 Bull Put Spreads @ 3.32
TSLA:Expiring.
675.0 Put (sold for 2.45)
ZM: Covered.
Bought to Close ZM OCT 15 2021 275.0 Call @ .05 (sold for 5.20)
Sold ZM OCT 29 2021 267.5 Call @ 6.10
#soxl sto 29 OCT 21…
sto 29 OCT 2021 44.5 CALL @.80
LABU Call Rollups
Bought to close 1 LABU Oct 15 2021 55.0 Call/ Sold to Open 1 LABU Oct 22 2021 58.0 Call at $0.05 Credit plus a 3 point bump in the short strike.
Bought to close 1 LABU Oct 15 2021 57.0 Call at 0.45. Sold on 10/11 at $0.92.
To replace it I sold 1 LABU Oct 22 2021 61.0 Call at $0.70.
VXX Calls
Bought to close VXX Oct 15 2021 28.0 Calls at $0.01. Sold these on 10/11 at $0.24 and $0.25
VXX1 Puts
With the drop in VXX this morning I’m liquidating some more long, profitable VXX pre-split Puts left over from ancient #VXXContango spreads.
Sold to close VXX1 Jan 21 2022 5.0 Puts at $0.52 (equal to strike 20 Puts at $2.08)
Bought these in the fall of 2020.
I have more that I will try to sell even higher.
SOXL TQQQ Put Close / INMD WYNN Call Roll
#shortputs
$SOXL BTC 10/15 40 put at .26. STO at 2.25.
$TQQQ BTC 10/22 90 put at .05. STO at 1.35. Thank you @jsd501
#coveredcalls #syntheticcoveredcalls
$INMD BTC 10/15 77.50 call and STO 11/19 82.50 call at added credit of .80. Stock at 85.18
$WYNN BTC 10/22 89 call and STO 10/29 95 call at debit of of 2.00. Stock at 91.64
GS earnings
#BullPutSpreads #Earnings – A low risk directional shot.
Sold GS OCT 15 2021 397.5/392.5 Bull Put Spread @ 3.00
LABU
#ShortPuts – A tiny partial for next week to give Mr. Market some incentive. Still trading near the bottom of it’s range.
Sold LABU OCT 22 2021 52.5 Puts @ 1.12
TQQQ
#ShortPuts – Have some that are 60-90 percent of max with quite a few weeks left so taking them on the big up move.
Bought to Close TQQQ OCT 29 2021 105.0 Put @ .51 (sold for 2.40)
Bought to Close TQQQ OCT 29 2021 110.0 Put @ .79 (sold for 2.60)
Bought to Close TQQQ NOV 5 2021 105.0 Put @ .98 (sold for 2.70)
Bought to Close TQQQ NOV 5 2021 110.0 Put @ 1.40 (sold for 3.15)
Bought to Close TQQQ NOV 12 2021 105.0 Put @ 1.49 (sold for 3.00)
Bought to Close TQQQ NOV 12 2021 110.0 Put @ 1.99 (sold for 4.00)
Bought to Close TQQQ NOV 19 2021 90.0 Put @ .88 (sold for 3.25)
Bought to Close TQQQ NOV 19 2021 90.0 Put @ .87 (sold for 3.25)
VXX Puts rolled
Bought to close VXX Oct 15 2021 24.0 Puts / Sold to Open VXX Oct 22 2021 23.5 Puts at $0.02 Net Credit.
Gained $0.50 on the short strike
Downside Warning canceled
#VIXindicator So we never got much of a drop but it certainly was choppy for a few weeks. $VIX closes tomorrow and Monday below 18.49 will mean an Upside Warning.
Closing AMAT
Bought to close $AMAT Nov 19 120 puts @ 1.69. Sold for 3.56 on 10/1.
SPX trades
#SPX7dteLong Bought to Open $SPX 4415/4435-4445/4465 condors for 15.75, with SPX at 4438.
HOOD LABU SOXL SPOT TQQQ
#ShortPuts – Taking a lot of risk off here. Sure looks like S&P is running right up to resistance. Let’s hope the 50 day rejects the rally. LOL
HOOD:Still nice premium in this one and very liquid.
Bought to Close HOOD OCT 15 2021 38.0 Puts @ .18 (sold for .95)
Bought to Close HOOD OCT 15 2021 39.0 Puts @ .26 (sold for 1.25)
Bought to Close HOOD OCT 15 2021 40.0 Puts @ .43 (sold for 1.65)
Bought to Close HOOD OCT 15 2021 41.0 Puts @ .90 (sold for 2.00)
LABU: Another great week here.
Bought to Close LABU OCT 15 2021 50.0 Puts @ .10 (sold for 1.39)
Bought to Close LABU OCT 15 2021 51.0 Puts @ .10 (sold for 1.72)
Bought to Close LABU OCT 22 2021 45.0 Puts @ .21 (sold for 1.00)
Bought to Close LABU OCT 22 2021 47.5 Puts @ .36 (sold for 1.57)
SOXL: My biggest position. Reducing size a little.
Bought to Close SOXL OCT 15 2021 37.0 Put @ .10 (sold for 2.00)
Bought to Close SOXL OCT 15 2021 38.0 Puts @ .20 (sold for 2.15)
Bought to Close SOXL OCT 15 2021 39.0 Puts @ .38 (sold for 2.05)
Bought to Close SOXL OCT 15 2021 40.0 Puts @ .65 (sold for 2.15)
Bought to Close SOXL OCT 15 2021 41.0 Puts @ 1.00 (sold for 2.30)
SPOT: Earnings week after next.
Bought to Close SPOT OCT 15 2021 220.0 Put @ .10 (sold for 3.20)
TQQQ: Thinning the herd.
Bought to Close TQQQ OCT 15 2021 110.0 Put @ .05 (sold for 2.30)
Bought to Close TQQQ OCT 15 2021 115.0 Put @ .09 (sold for 2.18)
Bought to Close TQQQ OCT 22 2021 110.0 Puts @ .28 (sold for 2.20 and 2.50)
Adding another SPX position
Sold to open $SPXW Oct 15 4335/4365/4455/4485 iron condor @ 4.05, short puts 14∆ short calls 16∆
SPX adjustment
Rolled $SPXW Oct 15 4285/4260 bull put spread up to 4370/4345 for 1.65 credit. Short puts 16∆. Paired with 4420/4445 bear call spread which is being tested this morning.
AMC & LABU Calls
Sold AMC Oct 15 2021 40.0 Diagonal Calls at $0.79
Sold LABU Oct 15 2021 58.0 Diagonal Calls at $0.73
#OnlySpreads
VXX1 Puts
With the drop in VXX this morning I’m liquidating some more long, profitable VXX pre-split Puts left over from ancient #VXXContango spreads.
Sold to close VXX1 Jan 21 2022 5.0 Puts at $0.46 (equal to strike 20 Puts at $1.84)
Bought these in the fall of 2020 at $0.13, $0.14 and $0.15.
I have more that I will try to sell even higher.
Expired
#optionsexpiration
$SPX 4280/4300/4435/4415 IC. STO at 3.00. Inspiration by @ramie77
LABU,
BTC January 21, 40 put at 3.58, sold at 3.71, all the moving averages are trending down so I decided to raise cash.
Closing BBY
Bought to close $BBY Nov 19 95 puts @ .54. Sold for 1.42 on 9/22.
SPX iron condor for Friday PM expiration
Sold $SPXW Oct 15 4260/4285/4420/4445 iron condor @ 4.15. Short puts 14∆ short calls 13∆.
VZ Stock
Added to my position at another new low of $51.00
#SP500 #FallingKnife
TNA Strangle
Sold TNA Oct 15 2021 82.0 Puts at $0.78
Sold TNA Oct 15 2021 90.5 Calls at $0.39
#OnlySpreads
VXX1 Puts
Liquidating some long, profitable VXX pre-split Puts left over from ancient #VXXContango spreads.
Writing against them at this point makes no sense and they are very illiquid to boot.
Sold to close VXX1 Jan 21 2022 5.0 Puts at $0.41. (equal to strike 20 Puts at $1.64)
Bought these in the summer of 2020 at $0.27 and $0.29.
I have more at lower cost that I will try to sell higher.
AMC Strangle
Sold AMC Oct 15 2021 34.0 Puts at $0.26
Sold 1 AMC Oct 15 2021 37.0 Call at $1.04
Sold 1 AMC Oct 15 2021 38.0 Call at $1.27
#OnlySpreads
SLV Calls
Sold SLV Oct 15 2021 21.5 Calls at $0.07
Sold SLV Oct 22 2021 22.0 Calls at $0.11
TQQQ Put Close
#shortputs
$TQQQ BTC 10/22 100 put at .30. STO at 2.17.
SOXL Put UPST Call Roll / SNAP BUPS Close
#shortputs
$SOXL BTC 10/15 40 put and STO 10/22 39 put at even
#coveredcalls
$UPST BTC 10/15 320 call and STO 10/22 335 call at debit of 2.65. Stock at 329.40
#bups
$SNAP BTC 10/15 60/70 BUPS at .10. STO at 1.25
ALB SNAP Put Close
#shortputs
$ALB BTC 10/15 220 put at 1.90. STO at 7.56 on 9/17
$SNAP BTC 10/15 70 put at .10. STO at 1.67. Thank you @ramie77 for the idea.
SQQQ
Sold 1 SQQQ Oct 15 2021 8.5 Covered Call at $0.30
Closing SPX IC
Bought to close $SPXW Oct 13 4295/4320/4450/4480 iron condor @ 5.15 for 1.05 loss (sold for 4.10 yesterday) with SPX showing weakness into the close.
BABA pre earnings
#ShortPuts – Sold BABA OCT 29 2021 150.0 Put @ 2.50
CTXS FIS GPN LW T
The broad averages are not showing it, but this is the most number of #SP500 stocks to hit new lows in a while.
All of these are currently paying dividends too.
Bought CTXS at $92.14
Bought FIS at $115.00
Bought GPN at $149.75
Bought LW at $55.00
Bought T at $25.83
Tiny buys – #FallingKnife trades
New SPX IC
Sold to open $SPX Oct 15 (AM) 4250/4275/4430/4455 iron condor @ 4.15. Short puts 12∆, short calls 13∆. Expiration is Friday morning (for all intents and purposes Thursday end of day).
TQQQ,
BTC October 15, 90 put at .05, sold at 1.25
The market seems to fade a lot in the afternoon these days. We seem to be in a corection or the start of a bear market. Time will tell.
SPX trades
#SPX7dteLong Sold to close $SPX Oct 13th 4415/4395 put spreads for 16.75. Still holding call side. Condors bought for 16.85 last Thursday. In the recent volatility I have been letting these expire, but after yesterday’s drubbing I need to return to closing these on swings.
SPX expiration
$SPXW Oct 11 4430/4455 bear call spread expired for full profit. Sold for 2.40 on Friday at the close.
VXX Call
Puts sold this morning, Calls this afternoon
Sold VXX Oct 15 2021 28.0 Covered Calls at $0.23, $0.24 and $0.25
Sold VXX Oct 15 2021 28.5 Covered Calls at $0.22 & 0.23
Sold VXX Oct 15 2021 29.0 Covered Call at $0.21
SPX trades
#SPX7dteLong Bought to Open $SPX Oct 15th 4355/4375-4385/4405 condors for 17.20, with SPX at 4384.
SPX 10/13
Sold $SPXW Oct 13 4295/4320/4450/4480 iron condor @ 4.10, short puts 13∆, short calls 12∆
LABU Call
Sold 1 LABU Oct 15 2021 57.0 Diagonal Call at $0.92 replacing the 54 Calls that expired Friday
Closing SNAP
Bought to close $SNAP Oct 15 70 puts @ .25. Sold for 1.61 on 9/21.
VZ Stock
Bought a bit of this high yield #SP500 stock at a new low of $53.19.
#FallingKnife
TNA
Sold 1 TNA Oct 15 2021 90.0 Diagonal Call at $1.05 replacing the 88.0 Call that expired Friday.
The new strike is above last week’s high.
SPY Put Close
#shortputs
$SPY BTC 10/15/2021415 put at .20. STO at 3.04. Thank you @fuzzballl
VXX Puts
Some new #VXXContango trades.
Bought to open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Oct 15 2021 24.0 Puts at $0.05 Credit
Long DTE = 466
Short DTE = 4
Bought to open VXX Nov 19 2022 5.0 Puts / Sold to Open VXX Oct 15 2021 23.5 Puts at $0.05 Credit
Long DTE = 403
Short DTE = 4
SQQQ SLV
Sold 1 SQQQ Oct 22 2021 9.0 Covered Call at $0.23.
Sold SLV Oct 15 2021 21.5 Covered Calls at $0.09
TQQQ
Sold 1 TQQQ Oct 15 2021 134.0 Diagonal Call at $1.12 replacing calls expired on Friday.
The strike is above last week’s high.
Expirations
$TLT Oct 8 150/155 bear call spread
$TQQQ Oct 8 110 put
$TQQQ Oct 8 115 put
$UVXY Oct 8 25/35 bear call spread
$SPXW Oct 8 4350/4375/4455/4480 iron condor. This trade was part of an adjustment from the original 4235/4260/4425/4450 iron condor I entered on Wed (10/6). After a put spread rollup and a re-centering of the strikes I was able to pretty much breakeven (.35 profit) but there were definitely some mistakes I made on this one. First and foremost, I did not take into account today’s jobs report; with a really busy day yesterday I just missed it. With SPX closing 25 points above the short puts yesterday I never would have left the position on overnight. I also would have kept the original trade on a much shorter leash since a big gap down today would have limited adjustment opportunities. The market’s muted reaction to the miss on the jobs report this morning allowed me to scratch the trade overall but I’m chalking this one up to fortuitousness rather than any great skill on my part. I’ll take it since I’ve certainly been on the other side of things when luck came into play but every trade is a learning experience, especially the mistakes. But I’m definitely glad to be out for an overall profit this week on SPX trades.
Have a great weekend everyone.
OptionsExpiration
Another pretty good week. FYI: Bond markets closed on Monday.
==Expired==
AMC 10/08/2021 20/33 Bull Put Spreads
LABU 10/08/2021 54.0 Diagonal Calls
LABU 10/08/2021 51.0 Diagonal Put
LABU 10/08/2021 50.0 Diagonal Put
SQQQ 10/08/2021 8.5 Covered Calls
TLRY 10/08/2021 13.5 Diagonal Calls #Earnings
TLRY 10/08/2021 13.0 Covered Calls #Earnings
TLRY 10/08/2021 10.0 Diagonal Puts #Earnings
TLRY 10/08/2021 9.5 Diagonal Puts #Earnings
TNA 10/08/2021 88.0 Diagonal Call
TQQQ 10/08/2021 132.0 Diagonal Call
TQQQ 10/08/2021 131.0 Diagonal Call
TQQQ 10/08/2021 130.0 Diagonal Call
VXX 10/08/2021 45/34 Bear Call Spread
VXX 10/08/2021 34.0 Diagonal Calls
VXX 10/08/2021 33.0 Diagonal Calls
VXX 10/08/2021 32.0 Diagonal Calls
VXX 10/08/2021 31.0 Diagonal Calls
VXX 10/08/2021 28.0 Covered Calls
==Assignments==
SLV 10/08/2021 23.0 Puts. – adjusted cost after put premium = $20.50
Expiration
#optionsexpiration
$PFE 44 call
$SPXW 4235/4260/4470/4445 STO at 3.95
$SPXW 4230/4255/4450/4425 STO at 3.75 Thank you @ramie77 for inspiration
LABU Put
Bought to close 1 LABU Oct 08 2021 52.0 Put at $0.20 as it dropped in the money. Sold last Friday at $1.40.
Replaced it with 1 LABU Oct 15 2021 49.0 Put at $1.25.
SPX Monday call spread
Trying something for this weekend. Sold Oct 11 4430/4455 bear call spread @ 2.40, short calls 15 delta. I’m more concerned with big gaps down over the weekend, not as much with big gaps up. I’m fading the idea of a 40 point gap up on Monday morning with SPX around 4391 right now. Will look to take off quickly on Monday morning. Just running some stuff through the lab 🙂
TSLA pre earnings
#ShortPuts – A one week quickie at over 2 times the expected move and below all major moving averages and at recent lows.
Sold TSLA OCT 15 2021 675.0 Put @ 2.45
VXX Puts
Bought to close VXX Oct 08 2021 24.5 Puts at $0.01.
#VXXContango trade.
SPX 1 DTE
#spx1dte
$SPX STO 10/11 4300/4320/4455/4475 at 1.20 SPX at 4400
SPX trades
#SPX1dte Sold to Open $SPX Oct 11th 4290/4310-4450/4470 condors for 1.20, SPX at 4396, IV 10.5%, deltas -.06 +.06
Expiring: Oct 8th 4310/4330-4465/4485 condors, sold yesterday for 1.10
#SPX7dteLong Expiring with max credit of 20.00: Oct 8th 4300/4320 call spreads. Condors bought Monday for 17.90.
LABU
#ShortPuts – A few more.
Sold LABU OCT 22 2021 45.0 Puts @ 1.00
Sold LABU OCT 22 2021 47.5 Puts @ 1.57
LABU
#ShortPuts – Pretty good week in this one. Re-loading here.
Bought to Close LABU OCT 8 2021 51.0 Puts @ .05 (sold for 1.15)
Bought to Close LABU OCT 8 2021 52.0 Puts @ .10 (sold for 1.40)
Bought to Close LABU OCT 8 2021 53.0 Puts @ .58 (sold for 1.75)
Sold LABU OCT 15 2021 50.0 Puts @ 1.39
Sold LABU OCT 15 2021 51.0 Puts @ 1.72
TSLA Call Roll
Bought to close 1 TSLA Oct 08 2021 810.0 Call at $0.01. Sold last Friday at $7.05.
Sold to Open 1 TSLA Oct 15 2021 810.0 Call at $6.81.
This is the 3rd write against my long December 1000.0 Call. I’ve recovered over twice the purchase price.
#TripleDip
LABU Call Roll
Bought to close 1 LABU Oct 08 2021 54.0 Call at $0.04. Sold this one on 10/07 at $0.57. I sold others higher.
To replace it, Sold to Open 1 LABU Oct 15 2021 55.0 Call at $1.14.
Still waiting out other puts and calls until the close
INMD Call Close / TQQQ Put Close
#coveredcalls
$INMD BTC 10/15 77.50 call at 1.00. STO at 2.75
#shortputs
$TQQQ BTC 10/15 90 put at .10. STO at .83
VXX Covered Calls
Bought to close VXX Oct 08 2021 35.0 Calls at $0.01. Sold at an average of $0.98
VXX Put Roll
I obviously didn’t see this market rebound coming on Monday so I have some VXX Puts to roll.
Bought to Close VXX Oct 08 2021 25.5 Puts/ Sold to Open VXX Oct 15 2021 25.0 Puts at $0.17 Credit plus gained a $0.50 better strike
SOXL
#ShortPuts – Adding one.
Sold SOXL NOV 19 2021 35.0 Put @ 2.15
TQQQ
#ShortPuts – Replacing positions closed yesterday. Selling at or outside the expected move and below the 200 day.
Sold TQQQ NOV 12 2021 105.0 Put @ 3.00
Sold TQQQ NOV 12 2021 110.0 Put @ 4.00
TQQQ Put Rolldowns
While I was rolling up my call, I was rolling down my 2 puts
Bought to close 1 TQQQ Oct 08 2021 123.0 Put at $0.14. Sold last week at $2.75.
Bought to close 1 TQQQ Oct 08 2021 124.0 Put at $0.17. Sold last week at $3.51.
Sold to open 1 TQQQ Oct 15 2021 119.0 Put at $1.31 and
Sold to open 1 TQQQ Oct 15 2021 120.0 Put at $1.49 to replace them.
So for next week I have short TQQQ 119/125 and 120/127 short strangles
TQQQ Call Rollup
Bought to close 1 TQQQ Oct 08 2021 124.0 Call at $5.81. Sold on a rollup on 09/29 at $7.02.
Sold to Open 1 TQQQ Oct 15 2021 127.0 Call at $5.88 to replace the position just covered at a small credit and a 3 point bump in the short strike.
Felling a bit better about my 130, 131 and 132 Calls that expire this afternoon.
September Jobs Report
#Jobs — Second month in a row below expectations, lowest increase of the year
Gain of +194,000 non-farm payroll jobs, vs. expected gain of 500K.
Unemployment at 4.8%, down by 0.4
U6 unemployment at 8.5%, down by 0.3
Labor force participation 61.6%, down by 0.1%
Average hourly earnings up 0.6% vs expected .4%
August jobs revised up by +131K to +366K
July jobs revised up by +38K to +1.091M
CRWD Put Close
#shortputs
$CRWD BTC 10/8 247.50 at 1.59. STO at 7.72.
TQQQ,
STO November 19, 80 put at 1.13
Options Bistro 