Added a tiny bit of AMZN at $2189.00
New low and about 10% below my first buy.
#SP500 #FallingKnife
Recent Updates Page 104
T2108,
Anyone know where the indicator is today?
SPY QQQ Stock
Added a tiny bit of SPY at $399.00 and started a position in QQQ at $300.00
Both yearly lows
#FallingKnife
LABU Puts
Sold 1 LABU May 13 2022 5.5 Put at $0.68.
LABU down 22% today at $5.24
VXX Call Ladder
Beginning to replace some of the short calls that expired Friday. Starting the ladder with slightly higher strikes than last week.
Sold 1 VXX May 13 2022 29.0 Call at $1.08
Sold 1 VXX May 13 2022 29.5 Call at $0.89
Sold 1 VXX May 13 2022 30.0 Call at $0.76
Sold 1 VXX May 13 2022 30.5 Call at $0.61
Sold VXX May 13 2022 31.0 Calls at $0.53
Sold VXX May 13 2022 32.0 Calls at $0.39
Sold VXX May 13 2022 33.0 Calls at $0.29
SPY stock
Switching my emphasis in my non-option IRA accounts from individual stocks to SPY and QQQ.
Bought a tiny bit of SPY at it’s yearly low of $404.00
#SP500 #FallingKnife
SPX stopped
#SPX1dte Bought to close $SPX May 9th 3990/3970 put spreads for 2.90. Condors sold for 1.80 on Friday.
OptionsExpiration
I’m ready for a good bear market rally. At least all the VXX Calls I rolled up last week expired.
Going into next week’s expiration I only have short LABU puts and TNA Calls I sold today. Nothing else.
Expired:
LABU 11.0 Covered Calls
LABU 25/11 Bear Call Spreads
TNA 69/55 Bear Call Spread
TNA 68/54 Bear Call Spread
TNA 67.5/53 Bear Call Spread
TNA 67/53 Bear Call Spread
TNA 53, 54 and 55 Covered Calls
TNA 52.0 Diagonal Calls
TNA 51.0 Diagonal Call
TNA 50.5 Diagonal Calls
TNA 50.0 Diagonal Calls
TNA 49.0 Diagonal Calls
TNA 48.0 Diagonal Call
TQQQ 69/46 Bear Call Spreads
TQQQ 68/45.5 Bear Call Spread
TQQQ 67/45 Bear Call Spread
TQQQ 61/44.5 Bear Call Spreads
TQQQ 60.5/44 Bear Call Spread
TQQQ 45, 45.5 and 46 Covered Calls
TQQQ 43.0 Diagonal Calls
TQQQ 42.0 Diagonal Calls
TQQQ 41.0 Diagonal Calls
VXX 52/36 Bear Call Spread
VXX 52/35 Bear Call Spread
VXX 50/34 Bear Call Spread
VXX 50/33 Bear Call Spread
VXX 48/33 Bear Call Spreads
VXX 46/33 Bear Call Spreads
VXX 44/33 Bear Call Spread
VXX 33.0 Diagonal Calls
VXX 32.0 Diagonal Calls
VXX 31.0 Diagonal Calls
VXX 30.5 Diagonal Calls
VXX 30.0 Diagonal Calls
VXX 28.5 Diagonal Calls
VXX 25.0 Diagonal Puts — #VXXContango
VXX 24.5 Diagonal Puts — #VXXContango
VXX 24.0 Diagonal Put — #VXXContango
SPX 1-dte
#SPX1dte Sold to Open $SPX May 9th 3970/3990-4255/4275 condors for 1.80, SPX at 4127, IV 23.4%, deltas -.06 +.06
Expiring: May 6th 3960/3980-4275/4295, sold yesterday for 1.70.
LABU Puts Rolled
Rolled LABU 9.0 Puts to next week for a $0.13 Credit
Rolled LABU 7.5 Puts to next week’s LABU 7.0 Put for a $0.11 Credit plus a $0.50 lower strike.
Last trades for this week
CSCO Stock
Started a new position in CSCO at $48.87.
P/E = 17.74, Dividend = 3.06%
#SP500 #FallingKnife
NFLX NVDA SOXL SPY TLT TQQQ XBI
#CoveredCalls #shortPuts – A little of everything.
NFLX: Covered.
Bought to Close NFLX MAY 6 2022 212.5 Call @ .01 (sold for 2.80)
Sold NFLX MAY 13 2022 192.5 Call @ 2.59
NVDA: Covered.
Bought to Close NVDA MAY 6 2022 210.0 Call @ .02 (sold for 4.50)
Bought to Close NVDA MAY 6 2022 220.0 Call @ .01 (sold for 2.10)
Sold NVDA MAY 13 2022 205.0 Call @ 2.80
Sold NVDA MAY 13 2022 207.5 Call @ 2.38
SOXL: Covered.
Bought to Close SOXL MAY 6 2022 26.0 Calls @ .05 (sold for .89)
Sold SOXL MAY 13 2022 27.0 Calls @ .70
SPY: Adding.
Sold SPY JUN 24 2022 360.0 Put @ 5.00
TLT: Adding.
Sold TLT JUN 17 2022 113.0 Put @ 3.10
TQQQ: Covered.
Bought to Close TQQQ MAY 6 2022 41.0 Calls @ .01 (sold for 7.85)
Sold TQQQ MAY 13 2022 40.0 Calls @ .79
XBI: Adding and covered.
Sold XBI MAY 20 2022 70.0 Put @ 3.00
Bought to Close XBI MAY 13 2022 90.0 Calls @ .05 (sold for 1.40)
Sold XBI MAY 20 2022 78.0 Calls @ 1.20
TNA Calls
Sold TNA May 13 2022 50.0 Calls at $0.54, $0.56 and $0.60
Sold TNA May 13 2022 50.5 Calls at $0.47 and $0.53
TQQQ,
The question that I have is how low can this triple ETF go? We are only at the beginning of the bear market.
April Jobs report
#Jobs — Slightly above expectations; other stats a bit weak
Gain of +428,000 non-farm payroll jobs, vs. expected gain of 400K
Unemployment unchanged at 3.6% (vs expected drop of 0.1)
U6 unemployment rose to 7.0%, up by 0.1
Labor force participation 62.2%, down by 0.2
Average hourly earnings up 0.3%, below expected 0.4%; 5.5% increase over the year
February jobs revised down by -36K to +714K
March jobs revised down by -3K to +428K
Markets
SPX 1-dte
#SPX1dte Sld to Open $SPX May 6th 3960/3980-4275/4295 condors for 1.70, SPX at 4138, IV 45.2%, deltas -.06 +.06
Jobs report is before the open!
VXX Puts closed
Bought to close most of my VXX May 06 2022 25.0 Puts at $0.01
Sold these at an average price of $0.23 just yesterday.
My remaining short VXX puts at 25, 24.50 and 24 look like they will expire.
#VXXContango
LABU Put scalp
Sold LABU May 06 2022 7.5 Put at $0.27
Expires tomorrow
XBI
#ShortPuts – Adding.
Sold XBI MAY 20 2022 72.0 Put @ 3.20
soxl
sto SOXL 6 MAY 2022 20 PUT @.08
LABU Puts
Sold 1 LABU May 13 2022 8.0 Put at $0.78.
Also rolled out a short LABU 12.50 Put to next week for a $0.05 Credit
KOLD Puts
Hoping the Nat Gas tops out before 5/20
Sold 1 KOLD May 20 2022 7.0 Put at $1.24
Sold 1 KOLD May 20 2022 6.0 Put at $0.88
ANSS EPAM FRC VFC
First the good.
Sold my highest cost lots and half my EPAM at $340.00 and $361.50.
Bought on 02/28/2022 at $338.69 and at $223.89 (it was really falling hard as it has major Ukraine operations).
Sold out of my ANSS at $ $290.00. Bought on 02/24/2022 at $281.41.
Finally, I added to my FRC at $146.73 and my VFC at $49.50.
TLT
#ShortPuts – One add today.
Sold TLT JUN 17 2022 115.0 Put @ 3.10
labu
roll out and down 13 MAY 2022/6 MAY 22 9/9.5 PUT @.10
thanks
option iceman
LABU Put rolled down
Bought to close LABU May 06 2022 9.5 Puts at $0.75
Sold a week ago on a roll at $1.15
Sold to Open LABU May 13 2022 9.0 Puts at $0.83 for a $0.08 Credit plus a $0.50 lower strike for next week.
XBI
#ShortPuts – One add today.
Sold XBI MAY 20 2022 74.0 Put @ 3.05
LUV Stock
Right near the close sold out of my LUV stock at $48.12.
Bought on 12/15/2021 at $40.00.
A nice 20% gain
SPX busted
#SPX1dte. I committed the cardinal sin… again… I just refused to believe we’d go too much over a 2% increase on the day, so I ignored when we passed the stop levels. Turned into an 8.00 loss. Frankly, I am lucky it wasn’t the max loss.
TQQQ Call Ladder
Continued selling
1 TQQQ May 06 2022 44.0 Call at $0.65
1 TQQQ May 06 2022 44.5 Call at $0.51
1 TQQQ May 06 2022 45.0 Call at $0.40
1 TQQQ May 06 2022 45.5 Call at $0.30
1 TQQQ May 06 2022 46.0 Call at $0.22
TQQQ,
STO January 75 call at 1.91
APD WHR SWKS Stocks
Partial sells.
Selling off my highest cost lot in APD at $244.22. Bought on 02/22/2022 $239.00.
Selling off my highest cost lot in WHR at $194.87. Bought on 03/14/2022 at $185.00.
#FormerFallingKnife
Added to my position in SWKS at $105.00.
P/E of 14.35. Dividend of 1.87%
#SP500 #FallingKnife
LABU Covered Calls
Sold LABU May 06 2022 11.0 Calls at $0.09
TQQQ,
STO September 16, 60 call at 1.50
VXX Puts
Just after the Fed announcement
Sold VXX May 06 2022 25.0 Puts at $0.30, $0.31 and $0.34
Sold VXX May 06 2022 24.5 Puts at $0.11 and $0.14
This turns ALL my VXX Bear call spreads into Iron Condors for this week.
No additional margin requirement
#VXXContango
CRL PAYC WAT GNRC CTLT stocks
Taking gains where I can.
Sold out of my CRL position at $265.00.
Bought on 04/25/2022 at $251.00 and on 04/26/2022 at $235.00.
Sold out of my PAYC position at $313.43.
Bought on 01/26/2022 at $298.23.
Sold out of my WAT position at $$329.52.
Bought on 04/25/2022 at $290.00.
Sold out of my GNRC position at $258.82.
Bought on 04/18/2022 at $250.00, on 04/25/2022 at $233.00 and on 04/26/2022 at $220.00.
Sold out of my CTLT position at $103.32.
Bought on 01/24/2022 at $96.91 and on 04/26/2022 at $87.98.
Shifting my focus on new buys to #SP500 stocks that are actually paying a dividend and raising a bit of cash with these sales.
#FormerFallingKnife
SOXL
STO 4 SOXL 20 MAY 2022 32 CALL @.70
SPX 1-dte — FED day!
#SPX1dte Sold to Open $SPX May 4th 4000/4020-4290/4310 condors for 1.90, IV 40.6%, deltas -.06 +.06
High IV and premium due to Fed announcement.
Expiring: May 3rd 3990/4010-4260/4280 condors, sold yesterday for 1.85
TNA Call Ladder
Adding on to yesterday’s positions at better premiums
Sold 1 TNA May 06 2022 49.0 Call at $1.80
Sold 1 TNA May 06 2022 50.0 Call at $1.37
Sold 1 TNA May 06 2022 51.0 Call at $1.00
Sold 1 TNA May 06 2022 52.0 Call at $0.73
Sold 1 TNA May 06 2022 53.0 Call at $0.52
#OnlySpreads
TQQQ Call Ladder
Adding on to yesterday’s positions at better premiums
Sold 1 TQQQ May 06 2022 45.0 Call at $0.29
Sold 1 TQQQ May 06 2022 44.0 Call at $0.41
Sold 1 TQQQ May 06 2022 43.0 Call at $0.58
Sold 1 TQQQ May 06 2022 42.0 Call at $0.82
Sold 1 TQQQ May 06 2022 41.0 Call at $1.11
#OnlySpreads
WDC INCY MHK Stocks
Sold out of my WDC position at 60.00.
Bought on 01/28/2022 at $49.20 and on 03/14/2022 at $45.00.
Sold out of my INCY position at $76.81.
Bought on 08/10/2021 at $75.00, on 09/22/2021 at $70.00 and on 10/06/2021 at $64.88.
Sold out of my MHK position at $153.43.
Bought on 02/11/2022 at $146.00, on 02/24/2022 at $133.03 and on 03/07/2022 at $125.00.
I know, not very “iceman” of me, but I’ll admit this market has me a bit spooked.
Shifting my focus on new buys to #SP500 stocks that are actually paying a dividend and raising a bit of cash.
#FormerFallingKnife
Stocks
Added tiny positions yesterday as the market bottomed out.
AMZN at $2432.50
BA at $144.00
BLK at $620.00
COO at $359.00
GE at $74.00
NDAQ at $155.00
NEE at $69
ROK at $248.00
SBUX at $74.00
SWK at $119.00
TT at $137.83
USB at $48.00
VRSN at $178.15
WBA at $42.00
XYL at $80.00
#SP500 #FallingKnife
Spx 1-dte
#SPX1dte Sold to Open $SPX May 3rd 3990/4010-4260/4280 condors for 1.85, SPX at 4144, IV 37.7%, deltas -.06 +.07
Expiring: May 2nd 3900/3925-4265/4290 condors, sold Friday for 1.60.
QYLD
#shortputs
STO QYLD 20 MAY 2022 18.5 PUT @.30
SVXY
#ShortPuts – Adding.
Sold SVXY JUN 17 2022 45.0 Put @ 3.00
VXX Calls
Sold 1 VXX May 06 2022 32.0 Call at $0.60
Sold 1 VXX May 06 2022 34.0 Call at $0.35
Sold 1 VXX May 06 2022 35.0 Call at $0.25
Sold 1 VXX May 06 2022 36.0 Call at $0.25
Replacing similar calls that expired Friday at lower strike prices.
#DoubleDip #OnlySpreads
SPOT put spread
Sold $SPOT Jun 17 90/80 bull put spread @ 1.85
TNA Call Ladder
Sold TNA May 06 2022 55.0 Covered Call at $0.25
Sold TNA May 06 2022 54.0 Covered Call at $0.38
Sold TNA May 06 2022 53.0 Covered Call at $0.47
Sold TNA May 06 2022 52.0 Diagonal Call at $0.63
Sold TNA May 06 2022 51.0 Diagonal Call at $0.80
Sold TNA May 06 2022 50.0 Diagonal Call at $1.08
Sold TNA May 06 2022 49.0 Diagonal Call at $1.46
#OnlySpreads
TQQQ Call Ladder
Sold TQQQ May 06 2022 46.0 Covered Calls at $0.13
Sold TQQQ May 06 2022 45.5 Covered Calls at $0.19
Sold TQQQ May 06 2022 45.0 Covered Call at $0.24
Sold TQQQ May 06 2022 44.0 Diagonal Call at $0.35
Sold TQQQ May 06 2022 43.0 Diagonal Call at $0.46
Sold TQQQ May 06 2022 42.0 Diagonal Call at $0.64
Sold TQQQ May 06 2022 41.0 Diagonal Call at $0.85
#OnlySpreads
SPY
#ShortPuts – Adding. Hoping to accumulate a nice long term position at much lower prices.
Sold SPY JUN 10 2022 370.0 Put @ 5.00
TLT
#ShortPuts – Adding. Moving the bottom of the ladder out to June.
Sold TLT JUN 17 2022 117.0 Put @ 3.40
OptionsExpiration
Expired:
LABU 13.50 Covered Calls
TNA 69/50 Bear Call Spread
TNA 70/50 Bear Call Spread
TNA 75/55.5 Bear Call Spread
TNA 58, 59, & 60 Covered Calls
TQQQ 62/42 Bear Call Spread
TQQQ 42.0 Diagonal Calls
TQQQ 42.5 Diagonal Calls
TQQQ 43.0 Diagonal Call
TQQQ 45.0 Diagonal Calls
TQQQ 49.0 Diagonal Calls
TQQQ 45, 45.5, 49 & 50 Covered Calls
VXX 28.5 Diagonal Calls
VXX 29.5 Diagonal Call
VXX 24.5 Diagonal Puts — #VXXContango
VXX 24.0 Diagonal Puts — #VXXContango
VXX 22.0 Diagonal Puts — #VXXContango
Assignments:
None
VXX Calls
For the first time in a long while I had to roll some VXX Calls as VXX topped $28 five minutes before the close, it’s highest price in over a month.
Bought to close VXX Apr 29 2022 28.0 Calls at $0.14. Sold at an average price of $0.37.
Sold to Open VXX May 06 2022 33.0 Calls at $0.31 for a $0.17 Credit and bumped the short strike up 5 points.
Also rolled my VXX 27.50 calls to next week’s VXX 30.0 Calls for a $0.17 Credit and
rolled my VXX 27.0 Calls to next week’s VXX 28.50 Calls for a $0.12 Credit.
Covered my short VXX 29.50 Calls at $0.01. Sold this week at $0.35
SPX 1-dte
#SPX1dte Sold To Open just after the closing bell: $SPX May 2nd 3900/3925-4265/4290 condors for 1.60, SPX closed at 4132, IV 27.8%, deltas -.06 +.06. *** 25-wide ***
soxl
#shortputs
STO 6 MAY 2022 18 PUT @.53
SPX
BTC SPX 100 (Weeklys) 13 MAY 2022 4445/4450 CALL @.35 /STO .70
—————————————–
#shortputs
LABU
ROLL OUT
SOLD -1 CALENDAR LABU 100 (Weeklys) 6 MAY 22/29 APR 22 9.5 PUT @.30 credit
SOXL
BTC 13 MAY 2022 33 CALL @.22/
sto yesterday @.53
will take 50% for 1 day and wait for next bump up.
SPX stopped
#SPX1dte Bought to close $SPX Apr 29th 4145/4130 put spreads for 1.85. Condors sold for 1.15 yesterday. Was hoping a 4-for-4 week but alas, it was not to be as my stop was hit below 4167. Also, I mistakenly sold 15-wide rather than my usual 20-wide.
I hope y’all sold the crap out of yesterday’s rally.
INTC
STO INTC Sep16’22 35 PUT @1.16
STO INTC Jan20’23 35 PUT @1.98
Markets & Funds
https://finance.yahoo.com/news/barclays-suspends-sales-30-ipath-143000112.html
Barclays is halting sales of 30 iPath exchange-traded notes, nearly a month after an error forced the bank to halt redemptions of its oil and VIX futures notes.
The sales halt is effective as of trading Thursday and affects nearly $2.8 billion worth of assets between 30 notes.
In a statement, the bank said it is amending financial statements in its calendar year 2021 annual report regarding internal controls. Since its ETN prospectuses reference that document, Barclays said it cannot continue to sell those securities until it amends the note registration and registration shelf statements.
A Barclays spokesperson declined to comment on when the bank expects to make amendments and restart sales.
Barclays is restating parts of its annual report in part due to its mid-March suspension of the iPath Pure Beta Crude Oil ETN (OIL) and the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). The bank said it had issued roughly $15.2 billion more of the notes than the $20.8 billion maximum in the registration statements for approximately a year due to an administrative error.
The bank took a $591 million charge for the quarter in connection with the error.
VXX Puts
Bought to open VXX Aug 19 2022 12.0 Puts at $0.10.
Will use as the long against future short VXX weekly Puts.
#VXXContango
LABU
#rolling/DOWN
btc april 29/10 put/had sold @.95
rolled to and down ,sto MAY 6, 9.5 @.15 credit
LABU Put Rolled out and down
Bought to close 1 LABU Apr 29 2022 9.5 Put at $0.38. Sold on Tuesday at $0.68
Rolled it to 1 LABU May 06 2022 9.0 Put at $0.68 for a $0.30 Credit
Also rolled out my short LABU 12.50 and 13.00 Puts to next week for small credits.
SOXL
#coveredcalls
STO 13 MAY 2022 33 CALL @.53
LABU Puts rolled down
Bought to close LABU Apr 29 2022 10.0 Puts / Sold to Open LABU May 06 2022 9.5 Puts at $0.02 Net Credit
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 29th 4130/4150-4395/4415 condors for 1.15, SPX 4289, IV 34.8%, deltas -.06 +.06
TNA Diagonal Bear Call Spread
Bought 1 TNA May 20 2022 59.0 Call at $0.77
Bought 1 TNA May 20 2022 58.5 Call at $0.94
Sold TNA Apr 29 2022 50.0 Calls at $0.81 & $0.99, with the short expiring tomorrow
TQQQ Diagonal Bear Call Spreads
Bought TQQQ May 27 2022 51.0 Call at $0.69 & 0.75
Bought TQQQ May 27 2022 50.5 Call at $0.77 & $0.89
Bought TQQQ May 27 2022 50.0 Call at $0.85
Sold TQQQ Apr 29 2022 42.0 Calls at $0.73, $0.81 and $0.91
Sold TQQQ Apr 29 2022 42.5 Calls at $0.79 and $0.93
Long sides of the spreads are a month longer than the short.
DIS Falling Knife
Tempted to bite at this #FallingKnife. Maybe sell Jan 2023 60 puts currently around 1.00. Strike is the lowest in the chain and 20 points below the pandemic low from March 2020. Watching. Does Mickey still have further to fall?
VXX Puts and Calls
Starting small for next week, paired with the VXX Calls sold yesterday afternoon
Sold 1 VXX May 06 2022 24.0 Put at $0.41.
At the same time I bought some long
VXX Aug 19 2022 11.0 Puts at $0.07 and
VXX Sep 16 2022 10.0 Puts at $0.09
to hedge future writes.
#VXXContango
Then I sold another VXX Bear call spread with the short expiring tomorrow
Bought 1 VXX May 20 2022 37.0 Call at $0.46
Sold 1 VXX Apr 29 2022 28.0 Call at $0.58 for a $0.12 Credit
Stocks
As they were reported to me throughout the day, I bought tiny amounts of the following:
QRVO at $108.48
MCHP at $63.52
NFLX at $193.72
CHTR at $485.50
SWKS at $111.56
BA at $160.47
WBD at $19.54
VZ at $49.00
BA at $152.00
TTWO at $124.00
IDXX at $450.00
CSCO at $50.00
FB at $170.00
DOV at $138.50
ISRG at $238.00
#SP500 #FallingKnife
I’m ready for another bear market rally 🙂
NFLX SOXL
#CoveredCalls – Another round.
NFLX:
Bought to Close NFLX APR 29 2022 247.5 Call @ .05 (sold for 2.75)
Sold NFLX MAY 6 2022 212.5 Call @ 2.80
SOXL:
Bought to Close SOXL APR 29 2022 29.5 Calls @ .04 (sold for .50)
Sold SOXL MAY 6 2022 28.0 Calls @ .57
VXX Call Ladder
Starting some small sells for next week. All my long VXX calls are now written against.
Sold 1 VXX May 06 2022 30.0 Call at $0.39 and $0.42
Sold 1 VXX May 06 2022 30.5 Call at $0.34 and $0.37
Sold 1 VXX May 06 2022 31.0 Call at $0.30 and $0.33
VXX Puts
Bought to open VXX Jun 17 2022 14.0 Puts at $0.03
Sold to open VXX Apr 29 2022 24.0 Puts at $0.11, for a Credit of $0.08
Short DTE = 2
Long DTE = 51
#VXXContango
Options Bistro 