Barclays Bank PLC Announces Reverse Split of the iPath ® Series B S&P 500 ® VIX Short-Term Futures™ ETNs
Barclays Bank PLC (“Barclays”) announced today that it will implement a 1 for 4 reverse split of its iPath ® Series B S&P 500 ® VIX Short-Term Futures ™ ETNs (CUSIP: 06746P621) (the “ETNs”) which it intends to be effective at the open of trading on Friday, April 23, 2021. The ETNs currently trade on the CBOE BZX Exchange (“CBOE”) under the ticker symbol “VXX.”
#bups
$AAPL BTC 4/23 122/128 BUPS at 1.54. STO at 2.80 on 4/5. Thank you @fuzzballl for the quickie (ooops!!)
$FB BTC 4/16 270/280 BUPS at .10. STO at 2.12.
#shortputs
$TQQQ BTC 4/9 100 put at .10. STO at 1.22. Thank you @jsd501. Another quickie. I’m exhausted.
#ShortPuts – Taking this 3 weeks early on the nice run up last few days.
Bought to Close ROKU APR 30 2021 307.5 Put @ 1.99 (sold for 7.10)
#SPX7dteLong Bought to Open $SPX Apr 14th 4075/4095-4105/4125 iron condors for 14.95, with SPX at 4095.
1-dte trade to follow in comments.
New #VXXContango Trade.
Bought to Open VXX Jun 17 2022 3.0 Puts / Sold to Open VXX Apr 16 2021 10.0 Puts at $0.05 Net Credit.
Short DTE = 8
Long DTE = 435
VXX at 10.31
On Monday I bought to Open 1 TSLA May 21 2021 900.0 Call / Sold to Open 1 TSLA Apr 09 2021 725.0 Call @ 0.60 Credit.
Today I closed both sides @ $5.60 Credit.
Total gain in 3 days was $6.20 and it frees up significant buying power.
#WinWin with a credit in and another credit out
In my IRA, STO May 21, 75 put at 1.45
My short strike price finally caught up to the strike on my existing long term puts left over from earlier #VXXContango Trades.
Sold VXX 04/16/2021 10.0 Puts @ 0.20.
Sold against existing long June 10 and September 10 Puts.
#SPX1dte Expiring worthless: $SPX Apr 7th 3995/4015-4110/4130 condors, sold yesterday for 1.10.
#SPX7dteLong Expiring for max credit of 20.00: Apr 7th 3995/4015 call spreads. Condors bought for 15.75 last Wednesday.
Last new positions for this week in this stock.
Sold LABU 04/09/2021 65.0 Puts @ 0.65.
LABU at 73.75.
2 DTE
#BullPutSpreads – Got the little run up to the 50 day so booking it.
Bought to Close AAPL APR 23 2021 128.0/122.0 Bull Put Spread @ 2.02 (sold for 3.70)
#ShortPuts – Adding…
Sold SOXL MAY 21 2021 34.0 Puts @ 1.75
#bups
$FB BTC 4/16 280/270 BUPS at .20. STO at 2.12
#shortputs
$NAIL STO 4/16 83 put at 3.00. Volatile bull ETF
Sold TLRY 04/09/2021 19.50 Puts @ 0.52.
Stock at 20 and at the March/April low.
#FallingKnife
#ShortPuts – Adding. This should be before earnings. No confirmed date yet but probably early May.
Sold OSTK APR 16 2021 58.0 Puts @ 1.05
#BullPutSpreads – Similar to the AAPL trade last week. Taking a directional position in the week before earnings. Manage if needed into the earnings week. Chart is starting to look pretty bullish.
Sold REGN APR 30 2021 500.0/480.0 Bull Put Spread @ 11.26 (filled instantly at better than mid so can do better)
STO May 14, 80 put at 1.95
With the call side (3250/3260 bear call spread) of my iron condor getting breached, rolled $AMZN Apr 16 3100/3090 bull put spread up to 3250/3240 @ 3.91 credit. Position is now a 3240/3250/3260 iron fly with total premium taken in 8.76/max loss 1.24.
STO April 9, 100 put at 1.11, taking a flyer on a very small trade.
#shortputs
$LABU BTC 4/9 77 put at 1.60. STO at 7.47. Thank you @fuzzballl
$FSLR BTC 4/16 75 put at .20. STO at 2.10. Thank you @fuzzballl
#coveredcalls
$WIX BTC 4/16 300 call and STP 5/21 320 call at added credit of 5.40
Jumping on the train with y’all. Sold $LABU May 21 60 puts @ 3.60.
#SPX7dteLong Bought to Open $SPX Apr 12 4050/4070-4080/4100 iron condors for 15.40, with SPX at 4073.
1-dte trade to follow in comments.
Sold 1 LABU Apr 09 2021 70 Put at $1.05. Adding to my position.
I still have extra long Puts from earlier diagonal spreads.
#ShortPuts – Filled while I was out. Adding one…
Sold LABU APR 23 2021 70.0 Put @ 2.75
#ShortPuts – Tiny starter position. Come and get it Mr. Market. I’ll be waiting. 🙂 🙂
Sold SOXL MAY 21 2021 35.0 Puts @ 1.74
#ShortPuts – Caught an upgrade this morning so rolling the put sale from yesterday up to the new expected move and near recent lows. Staying in the week before earnings.
Rolled ROKU APR 30 2021 280.0 Put to APR 30 2021 307.5 Put @ 3.22 credit (7.12 total now)
Bought to Open 1 TSLA May 21 2021 900.0 Call / Sold to Open 1 TSLA Apr 09 2021 725.0 Call @ 0.60 Credit.
The short is before earnings, the long is after earnings.
Gained about 1.20 on the spread prices by today’s close.
#BoredToDeath Trade
Bought to close 5/21 45 puts @ .80. Sold for 2.60 on 3/29.
Rolled $TSLA Apr-09-2021 700/710 #BeCS // Apr-23-2021 710/720 @0.20 Debit Stock popped to 705 or so today
Rolled $AMC Apr-09-2021 14 #ShortPuts // Apr-23-2021 @0.36 Credit
Rolled $AMC Apr-09-2021 14 #CoveredCalls // Apr-23-2021 @0.39 Credit
All of the 110 calls that I sold are now covered calls. I bought the stock and the chart is breaking to the upside in spite of interest rates.
STO May 21, 70 put at 1.41
#SPX7dteLong Bought to open $SPX Apr 9th 4050/4070-4080/4100 iron condors for 15.20, with SPX at 4076.
#SPX1dte Stop was hit at the open, and I tried to get cute and exit this morning for less than 2.00. Could have done it for about 2.20. Missed it, and now in the hole over 11.00. Only hope is for a pull back to 4065.
#shortputs
$O STO 4/16 65 put at .85
$O STO 5/21 62.5 put at .90
$MARA STO 4/9 54 put at 2.75
With the call side (3250/3260 bear call spread) of my iron condor getting tested, rolled $AMZN Apr 16 2910/2900 bull put spread up to 3100/3090 @ 1.35. Total premium now 4.85/max loss 5.15.
#ShortPuts – Selling week before earnings, outside the expected move, and below recent lows. Should be good premium for a roll if needed.
Sold ROKU APR 30 2021 280.0 Put @ 3.90
#ShortPuts – For lack of anything else to do. Completely out of this one now a month early.
Bought to Close TQQQ MAY 7 2021 70.0 Put @ .83 (sold for 2.85)
Sold to close VXX Apr 16 2021 10.0 Puts @ 0.15 & 0.16
Purchased this lot on January 27th @ 0.06 and have been writing against them since then.
I am scaling out of these and when they are gone I’ll start writing them
I’m still long June/September/Jan 2022/Jun 2022 Puts that I continue to write against.
#Jobs — Obliterating expectations, plus more added to Jan & Feb.
Gain of +916,000 non-farm payroll jobs, vs. expected gain of 645K
Unemployment at 6.0%, down by 0.2
U6 unemployment at 10.7%, down by 0.4
Labor force participation 61.5%, up by 0.1
Feb jobs revised up by +89K to +468K
Jan jobs revised up by +67K to +233K
#optionsexpiration
$WYNN 127 call
$TAN 85 put Thank you @fuzzballl
$LABU 70 put Thank you @fuzzballl
$LABU 65 put Thank you @optioniceman
$MARA 43 put
$MRVL 48.5 put
Happy Easter Weekend to all.
Stay well
Sold to close UVXY Apr 16 2021 5.0 Puts @ 0.23.
Purchased these on March 1st @ 0.04 while writing March 5th 8.0 Puts against them that ultimately expired.
A #WinWin on a #UVXYContango trade.
I’m still long June 4.0 and 5.0 Puts that I continue to write against.
The next reverse split can’t be too far off with the stock at 5.40
#BullPutSpreads – Just for fun, taking a directional shot the week before earnings. I’ll take the stock for earnings if needed.
Sold AAPL APR 23 2021 128.0/122.0 Bull Put Spread @ 3.70
#ShortPuts #Covered Calls – Stock getting called away for nice gains so replacing with a starter. Should be a week or two before earnings.
Sold OSTK APR 16 2021 59.0 Puts @ 1.16
Sold OSTK APR 16 2021 60.0 Puts @ 1.35
#ShortPuts #CoveredCalls – Letting stock get called away at a slight loss. Replacing with this to work it back to even.
Sold SNOW APR 16 2021 220.0 Put @ 4.00
EDIT: And…should be week before earnings at least.
Sold SNOW APR 30 2021 220.0 Put @ 6.40
Last Trade today
Bought to close VXX Apr 01 2021 11.5 Puts / Sold to Open VXX Apr 09 2021 11.5 Puts at $0.23 Credit
Even though stock market is closed, the March jobs report will be released at 8:30am ET.
#SPX1dte Sold to Open $SPX Apr 5th 3925/3945-4065/4085 iron condors for 1.05, SPX at 4012, IV 8.2%, deltas -.06 +.06.
Expiring worthless: Apr 1 3905/3925-4035/4055 condors, sold yesterday for 1.15
#SPX7dteLong Expected to expire with max credit of 20.00: Apr 1st 3980/4000 call spreads. Condors bought Monday for 15.60
Bought to close 1 LABU 04/01/2021 75.0 Put @ 0.05. Sold this on a rolldown last Thursday @ $5.92
Replaced it with 1 LABU 04/09/2021 70.0 Put @ $1.25
#ShortPuts – Another one for safety.
Bought to Close LABU APR 1 2021 80.0 Put @ .40 (sold for 2.20)
Sold LABU APR 16 2021 72.5 Put @ 3.20
EDIT: Last one this week in this ticker. Going out a week and down.
Rolled LABU APR 1 2021 85.0 Put to APR 9 2021 81.0 Put @ .15 credit
#ShortPuts -This was one I had to roll from the the beginning of the ladder. Taking it here on the bounce.
Bought to Close TQQQ APR 23 2021 79.0 Put @ 1.25 (sold for 3.05)
#ShortPuts – Taking all the rest of them off. With the big moves this thing can make not worth holding 2 more weeks.
Bought to Close SOXL APR 16 2021 32.0 Puts @ .37 (sold for 2.65)
Bought to Close SOXL APR 16 2021 33.0 Puts @ .45 (sold for 3.10)
Bought to Close SOXL APR 16 2021 34.0 Puts @ .56 (sold for 3.80)
#ShortPuts – Closing and opening. Filled on the bounce and filled on the dip.
Bought to Close LABU APR 1 2021 75.0 Put @ .05 (sold for 2.80)
Sold LABU APR 16 2021 72.5 Puts @ 3.00
#ShortPuts – Booking a couple more in each expiration. Still a lot (for me) left.
Bought to Close SOXL APR 16 2021 32.0 Puts @ .40 (sold for 2.65)
Bought to Close SOXL APR 16 2021 33.0 Puts @ .50 (sold for 3.10)
Bought to Close SOXL APR 16 2021 34.0 Puts @ .63 (sold for 3.80)
The short calls have done their work for this week, so I covered at a slight gain and rolled them up above some of my short puts for next week.
Bought to close TLRY Apr 01 2021 23.0 Calls at 0.30 average price.
Sold TLRY Apr 09 2021 25.5 Calls at $0.52
Sold TLRY Apr 09 2021 26.0 Calls at $0.50
#ShortPuts – This position is a little over sized so taking a couple off.
Bought to Close SOXL APR 16 2021 35.0 Puts @ .77 (sold for 2.65)
#ShortPuts – Taking it a couple weeks early on the nice run up.
Bought to Close NFLX APR 16 2021 465.0 Put @ .88 (sold for 3.50)
Rolled $ENPH Apr-16-2021 195 #CoveredCalls // Apr-22-2021 200 #CoveredCalls @0.50 credit for $5 higher strike
First time I’ve seen weeklies for this symbol.
#ShortPuts – These are just getting back to even from some covered calls that got run over below my basis a few weeks ago. I’ll take them!
Bought to Close FSLR APR 16 2021 75.0 Puts @ .30 (sold for 2.25)
Bought to Close FSLY APR 16 2021 60.0 Puts @ .52 (sold for 1.60)
Sold to open LABU Apr 01 2021 85.0 Call at $0.65.
Sold to open LABU Apr 01 2021 90.0 Call at $0.20.
Paired with my 65/70/75 short puts for today
#ShortPuts – Nasdaq futures right up against resistance so taking a little off the table.
LABU: A few more expiring tomorrow. Have to see where they end up.
Bought to Close LABU APR 1 2021 70.0 Put @ .30 (sold for 2.50)
NVDA: Over half 30 days early. I’ll try to get back in on a down day for pre earnings.
Bought to Close NVDA APR 30 2021 475.0 Put @ 4.10 (sold for 9.75)
SPY: Around half 50 days early.
Bought to Close SPY MAY 21 2021 360.0 Put @ 2.30 (sold for 4.31)
Bought to Close SPY MAY 21 2021 355.0 Put @ 1.95 (sold for 4.10)
TAN: Wild ride in this one.
Bought to Close TAN APR 16 2021 80.0 Puts @ .64 (sold for 1.70)
TQQQ: Taking it early.
Bought to Close TQQQ APR 30 2021 65.0 Put @ .87 (sold for 3.00)
#SPX1dte Expected to expire worthless: $SPX Mar 31st 3880/3900-4020/4040 iron condors, sold yesterday for 1.05
Sold to Open $SPX Apr 1st 3905/3925-4035/4055 iron condors for 1.15, SPX at 3988, IV 13.05%, deltas -.07 +.07
#shortputs
$MRVL STO 4/1 48.50 put at .32
$MRVL STO 4/9 48.50 put at .98
Bought to close UVXY Apr 01 2021 6.5 Puts / Sold to Open UVXY Apr 09 2021 6.5 Puts at $0.19 Credit
Bought to close UVXY Apr 01 2021 7.0 Puts / Sold to Open UVXY Apr 09 2021 7.0 Puts at $0.13 Credit
Bought to Close TLRY Apr 01 2021 25.0 Puts / Sold to Open TLRY Apr 09 2021 24.0 Puts at 0.05 Credit.
Bought to Close TLRY Apr 01 2021 28.0 Puts / Sold to Open TLRY Apr 09 2021 27.5 Puts at 0.05 Credit.
Sold SPY Mar 31 2021 399.0 Call Limit at $0.30
#shortputs
$TAN BTC 4/1 89 put at 1.10. Total credit taken in 2.68. Thank you @fuzzballl
$WYNN BTC 4/1 122 put at .65. STO at 2.13 on Monday
$MRVL BTC 4/1 45 put at .04. STO at 1.00 on 3/26
$TQQQ BTC 4/16 70 put at .83. STO at 1.70.
$RIOT BTC 4/1 60 put and STO 4/9 59 put at even
$WYNN BTC 4/1 136 put and STO 4/16 134 put at .40 debit.
$LABU BTC 4/1 80 put and STO 4/9 77 put at .40 added credit
Rolled VXX Apr 01 2021 13.5 Puts down to VXX APR 16 2021 13.0 Puts @ 0.09 Credit and a $0.50 lower strike.
Bought to Open VXX Jun 18 2021 8.0 Puts / Sold to Open VXX Apr 09 2021 11.0 Puts at $0.11 Credit
VXX at 11.60
Short DTE = 10
Long DTE = 80
#shortputs
$EWZ STO 4/16 28 put at .10. STO at .71. Thank you @fuzzballl
$MARA STO 4/1 43 put at 1.20
#SPX7dteLong Bought to Open $SPX Apr 5th 3930/3950-3960/3980 iron condors for 16.10, with SPX at 3956.
#SPX1dte trade will be posted in the comments.
Sold VXX Apr 09 2021 14.0 Calls at $0.26
Sold VXX Apr 01 2021 11.5 Puts at $0.16
Bought VXX Jan 21 2022 4.0 Puts Limit at $0.05
Options Bistro 