After NFLX’s disaster, is anyone playing FB into earnings?
Added a teenie position at $170.00
#SP500 #FallingKnife
Recent Updates Page 105
SPX
SOLD 13 MAY 2022 4445/4450 CALL @.75
TQQQ Covered Calls
Time is running out on this week’s calls
Sold TQQQ Apr 29 2022 45.0 Calls at $0.24
Sold TQQQ Apr 29 2022 45.5 Calls at $0.20
SPX risk off
#SPX1dte Bought to close $SPX Apr 27th 4020 puts for .10.
VXX Puts
After selling calls yesterday, I’m pivoting back to puts to create strangles for Friday’s expiration
Sold VXX Apr 29 2022 24.5 Puts at $0.20 & 0.21
Sold VXX Apr 29 2022 24.0 Puts at $0.12
At the same time I continued adding long puts out in 2023 and 2024
Bought VXX Jun 16 2023 5.0 Puts at $0.10
Bought VXX Jan 19 2024 5.0 Puts at $0.35
#VXXContango
Stocks and SPY
As SPY closed in on it’s YTD low yesterday, I picked up tiny bits of some of the stocks in the #SP500 at or near yearly lows.
Stocks related to the healthcare sector were particularly weak.
AMT at $110.00
BAX at $72.00
BIO at $502
CTLT at $87.98
CRL at $235.00
CZR at $65.00
CARR at $40.00
GE at $79.00
IPGP at $94.00
LH at $250.00
FB at $180.00
STT at $68.00
TYL at $380.00
#FallingKnife
SPY SVXY XBI
#ShortPuts – A few adds today.
Sold SPY JUN 3 2022 385.0 Put @ 4.40
Sold SPY JUN 17 2022 375.0 Put @ 5.50
Sold SVXY JUN 17 2022 48.0 Put @ 3.30
Sold XBI MAY 20 2022 76.0 Put @ 3.20
SPX 1-dte
#SPX1dte After the close, sold to open $SPX Apr 27th 4000/4020-4280/4300 condors for 1.55. IV 38.6%, deltas -.07 +.06
Futures had dropped 20 points since the close.
TQQQ Covered Calls
Sold TQQQ Apr 29 2022 49.0 Calls at $0.14 & $0.15
LABU
STO 29 APR 2022 10 PUT @.95
STO 29 APR 2022 9.5 PUT @.65
VXX Call Ladder
Sold VXX Apr 29 2022 27.5 Calls at $0.42, $0.57 & $0.80
Sold 1 VXX Apr 29 2022 28.0 Call at $0.42
Sold VXX Apr 29 2022 28.5 Calls at $0.38, $0.49 & $0.52
Sold 1 VXX Apr 29 2022 29.0 Call at $0.45
#OnlySpreads
LABU Puts
Sold LABU Apr 29 2022 10.0 Puts at $0.72 & $0.89
Somewhat later, Sold 1 LABU Apr 29 2022 9.5 Put at $0.68
#OnlySpreads
SPX puts closed
#SPX1dte Bought to close $SPX Apr 26th 4160/4140 put spreads for .30. Condors sold yesterday for 1.60. Gotta leave my desk for a couple hours, and in the words of Public Enemy, I Can’t Truss It.
ARKK NVDA SPY XBI
#ShortPuts #CoveredCalls – A few today.
ARKK: Covered.
Sold ARKK MAY 6 2022 59.0 Calls @ 1.05
NVDA: Selling against a short put.
Sold NVDA MAY 6 2022 220.0 Call @ 2.10 (225/220 inverted @ 8.10 now)
NVDA: Covered.
Sold NVDA MAY 6 2022 210.0 Call @ 4.50
SPY: Adding.
Sold SPY MAY 27 2022 390.0 Put @ 4.50
XBI: Was short a #TakeOneForTheTeam 115/95 BuPS @ 14.80. Sold the long side today hoping we’re near the bottom in this one. Might buy it again on a decent bounce.
Sold XBI MAY 20 2022 95.0 Put @ 15.50 (bought for 4.35)
VXX Long Puts
Bought to open VXX Jan 20 2023 7.0 Puts at $0.14.
I’ll write against these a few times in the next 270 days
SPX 1-dte — first Tuesday expiration
#SPX1dte Sold to Open $SPX Apr 26th 4140/4160-4375/4395 condors for 1.60, SPX at 4293, IV 30.7%, deltas -.05 +.08
First Tuesday series. Small error: I misread my screen, meant to sell the 4380 as the short call so I’m a little riskier on the call side than I’d prefer.
TNA Diagonal Bear Call Spread
Bought 1 TNA May 20 2022 63.5 Call at $0.97
Sold to Open 1 TNA Apr 29 2022 55.5 Call at $1.09 for a $0.12 Credit
TNA Covered Call Ladder
Sold 1 TNA Apr 29 2022 60.0 Call at $0.21
Sold 1 TNA Apr 29 2022 59.0 Call at $0.30
Sold 1 TNA Apr 29 2022 58.0 Call at $0.43
LABU Covered Calls
Sold LABU Apr 29 2022 13.5 Calls at $0.10
Stocks
Added to my small NFLX position at $206.00, a new 3-year low.
Added ADBE at $405.00
Added ALGN at $355.00
Added BK at $43.79
Started a tiny new position in BLK at $660.00
Started a tiny new position in CRL at $251.00
Started a tiny new position in DD at $66.00
Added ETSY at $97.00
Added GNRC at $233.00
Started a tiny new position in PNC at $171.84
Added TFC at $50.00
Started a tiny new position in WAT at $290.00
#Sp500 #FallingKnife
Market,
Gartman says stocks could fall another 10%, so looks like we may get a rally.
TQQQ Covered Calls
Sold TQQQ Apr 29 2022 50.0 Calls at $0.21
SOXL SPY SVXY XBI
#ShortPuts #CoveredeCalls – A few fills while I was on the road today.
SOXL: Covered.
Bought to Close SOXL APR 22 2022 30.0 Calls @ .01 (sold for 1.70)
Sold SOXL APR 29 2022 29.5 Calls @ .50
SPY: Starter.
Sold SPY MAY 20 2022 410.0 Put @ 5.30
SVXY: Starter.
Sold SVXY JUN 17 2022 50.0 Put @ 3.05
XBI: Adding.
Sold XBI MAY 20 2022 78.0 Put @ 3.15
Late Trades
Started a tiny new position in ISRG at $254.00, a new low after #Earnings
#SP500 #FallingKnife
Sold VXX Apr 29 2022 28.5 Diagonal Calls at $0.46
VXX closed at $26.15. Five days to expiration (DTE)
#OnlySpreads
Downside Warning in effect
#VIXIndicator A double warning as $VIX closed 25% above Wednesday’s close AND 50% above the the recent low of 18.45 from April 4th.
OptionsExpiration
EXPIRED:
TLRY 7.0 Covered Calls
TNA 61.0, 61.5 & 62.0 Covered Calls
TNA 60.0, 61.0, 61.5, 62.0 & 62.5 Diagonal Calls
TQQQ 50.5, 52.0, 53.0 & 54.0 Covered Calls
TQQQ 49.50, 50.0, & 50.5 Diagonal Calls
TQQQ 70/53 Bear Call Spreads
TQQQ 70/52.5 Bear Call Spreads
TQQQ 62/51.5 Bear Call Spreads
TQQQ 61/51 Bear Call Spreads
VXX 40/29 Bear Call Spreads
VXX 28.5 Diagonal Calls
VXX 28.0 Diagonal Calls
VXX 27.5 Diagonal Call
VXX 27.0 Diagonal Call
VXX 26.5 Diagonal Call
VXX 23.0 Diagonal Puts — #VXXContango
VXX 22.5 Diagonal Puts — #VXXContango
VXX 22.0 Diagonal Puts — #VXXContango
ASSIGNMENTS:
None
SPX 1-dte – double wide
#SPX1dte Sold to Open $SPX Apr 25th 4050/4100-4400/4450 condors for 1.50, SPX at 4275, IV 21.35%, deltas -.05 +.04
Insufficient strikes available on the put side to go with anything less than a 50-point spread. So I went a little safer on deltas as risk is higher.
LABU Puts Rolled
Rolled out this weeks LABU 13.0 Puts to next week for $0.16 Credit
Rolled out this weeks LABU 12.5 Put to next week for $0.24 Credit
The only rolls I had to do today.
VXX Leap Puts
Bought VXX Jan 19 2024 5.0 Puts at $0.40
637 Days to expiration (DTE).
I should be able to write against these a few times 🙂
VXX Call Ladder continued
Sold VXX Apr 29 2022 29.0 Calls at $0.28, $0.33, $0.34, $0.35 & $0.41
Sold VXX Apr 29 2022 29.5 Calls at $0.28 & $0.33
#OnlySpreads
VIX
up 21% today
VXX up only 5%.
Interesting futures chart
SOXL
#shortputs
22 APR 2022 24 PUT @.09
SOXL
#shortputs
29 APR 22 18 PUT @.16
QYLD
#shortputs
STO 20 MAY 2022 19.5 PUT @.20 BATS
LABU
sto 22 APR 2022 10.5 PUT @.15 NYSE
https://cdn.cboe.com/resources/features/24x5_Trading_FAQ.pdf?fbclid=IwAR2jBTKEcgDhzH8vbJsyNkKXKUtemN5CeDq45WNh75F1UC4h4CTIiNZHvHo 24/5 days a week
https://cdn.cboe.com/resources/features/24x5_Trading_FAQ.pdf?fbclid=IwAR2jBTKEcgDhzH8vbJsyNkKXKUtemN5CeDq45WNh75F1UC4h4CTIiNZHvHo
24/5 days a week
SPX stopped
#SPX1dte Bought to close $SPX Apr 22nd 4300/4280 put spreads for 3.00. Condors sold yesterday for 1.40.
VXX Call Ladder
Back to selling calls
Sold VXX Apr 29 2022 27.5 Calls at $0.49
Sold VXX Apr 29 2022 28.0 Calls at $0.34 & $0.35
Sold VXX Apr 29 2022 28.5 Calls at $0.38
#OnlySpreads
TQQQ,
STO May 20, 55 call at .66
STO June 17, 65 call at .46
Markets
Quote of the day: ” Everyone Has A Plan Until They Get Punched In The Face…. And Everyone Is Being Punched In The Face”
Closing TQQQ Calls
Bought to close TQQQ Apr 22 2022 49.0 Calls at $0.01. Sold on Tuesday at $0.97 & $1.43
Bought to close TQQQ Apr 22 2022 48.5 Calls at $0.01. Sold on Tuesday at $1.17 & $1.67
Bought to close 1 TQQQ Apr 22 2022 48.0 Call at $0.01. Sold on Tuesday at $1.93
All other TQQQ Calls for this week at 49.50 up to 54.0 will be expiring.
Stocks
Added a tiny bit of these:
CHTR at $512.00
CRM at $175.00
DIS at $119.00
GPS at $11.58
KMX at $90.00
SBUX at $78.00
STT at $72.00
WBD at $20.57
Started a tiny new position in A at $123.00
All new lows
#SP500 #FallingKnife
VXX Puts
Sold calls yesterday afternoon. Switching to puts this morning for next week. This week’s puts will expire.
Sold VXX Apr 29 2022 22.0 Puts at $0.23.
Sold against some August 10 puts I bought earlier this week.
#VXXContango
And now Tuesdays too
$SPX options expiring Tuesdays start next week… not sure when they plan to start Thursdays but maybe someone will look it up.
#SPX1dte
SOXL
BTC 6,MAY 2022 34 CALL @.36/STO 4/19 @ .77
2 DAYS AND ~50% RETURN
will wait for next up tick.
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 22nd 4280/4300-4475/4495 condors for 1.40, SPX at 4398, IV 24.75%, deltas -.06 +.07
Closing TQQQ Call
Bought to close 1 TQQQ Apr 22 2022 52.0 Call at $0.01. Sold on Tuesday at $0.47
More Stocks
Started a tiny new position in WBD at $21.66
Added a tiny bit of TTWO at $133.00
Added a tiny bit of PYPL at $89.00
All new lows
#SP500 #FallngKnife
VXX Calls
Getting an early start on next week since this week’s calls look safe.
Sold VXX Apr 29 2022 28.5 Call at $0.28
Sold VXX Apr 29 2022 28.0 Calls at $0.28 & $0.31
Sold VXX Apr 29 2022 27.5 Calls at $0.35 & $0.39
Sold VXX Apr 29 2022 27.0 Calls at $0.42, $0.46 and $0.47
NFLX XBI
#ShortPuts #CoveredCalls – A couple today.
NFLX: Adding a second short call with a stop set on the first one.
Sold NFLX APR 29 2022 247.5 Call @ 2.75
XBI: Adding.
Sold XBI MAY 20 2022 81.0 Put @ 3.20
Sold XBI MAY 20 2022 81.0 Put @ 3.15
ETSY stock
Added a tiny bit to my ETSY position at a new low of $104.00.
#SP500 #FallingKnife
TNA & TQQQ Call Scalps
Sold TNA Apr 22 2022 62.0 Calls at $0.85.
Sold TQQQ Apr 22 2022 51.0 Calls at $0.35
Expires tomorrow
Airline stocks
Taking some nice percentage gains and getting a bit closer to cash.
Sold out of ALK at $61.07 at it’s YTD high. Bought on 12/01/2021 at $47.00
Sold my highest cost lot of DAL at 45.14 at it’s YTD high. Bought on 11/26/2021 at $35.00
Sold another lot of AAL at $21.25 (also it’s YTD high). Bought on 03/07/2022 at $14.00
Sold out of UAL at $50.94 (also it’s YTD high). Bought on 03/07/2022 at $34.00
#FormerFallingKnife
ZBH Stock
Sold my two highest cost lots. Costs have been adjusted for the ZIMV (ZIMVIE INC) spinoff on March 1st.
Sold some at $132.81 vs. a buy at $130.91 on 11/09/2021
Sold some at $134.05 vs. a buy at $127.00 on 11/16/2021.
I still have 3 more lots with the lowest cost being $112.55
#FormerFallingKnife
ADBE FAS NFLX XBI
#ShortPuts #CoveredCalls – catching up on today.
ADBE: Taking small gain.
Bought to Close ADBE MAY 6 2022 400.0 Put @ 3.10 (sold for 4.90)
FAS: Taking small gain.
Bought to Close FAS MAY 20 2022 100.0 Put @ 2.82 (sold for 3.26)
NFLX: Covered. Taking my consolation prize.
Bought to Close NFLX APR 22 2022 340.0 Call @ .01 (sold for 16.85)
Sold NFLX MAY 20 2022 275.0 Call @ 4.60
XBI: Covered.
Bought to Close XBI APR 22 2022 91.0 Calls @ .05 (sold for 1.36)
Sold XBI MAY 13 2022 90.0 Calls @ 1.40
NFLX put spread
The craziness seems to be slowing down. Sold to open $NFLX May 20 190/180 bull put spread @ 2.05 credit, short puts 22 delta. Price got down to -4 standard deviations.
VXX Puts
Sold VXX Apr 22 2022 22.5 Puts at $0.10
Sold VXX Apr 22 2022 22.0 Puts at $0.09
Sold against lots of long puts
#VXXContango
NFLX stock
Added a tiny bit of NFLX at $245.00, a new 3-year low.
And this is why I stay small
NFLX is dragging down TQQQ too
TQQQ and TNA Calls
Sold 1 TQQQ Apr 22 2022 51.5 Call at $0.85
Sold 1 TQQQ Apr 22 2022 52.5 Call at $0.60
Sold 1 TNA Apr 22 2022 60.0 Call at $1.73
Sold 1 TNA Apr 22 2022 61.0Call at $1.22
Sold 1 TNA Apr 22 2022 62.5 Call at $0.71
#OnlySpreads
Stocks
First the good
Sold my first and highest cost lot in AAL at $19.76. Bought on 01/28/2022 at $15.00.
#FormerFallingKnife
Next, added a tiny bit of XRAY at $42.03
#SP500 #FallingKnife
TQQQ Call Ladder
Sold:
1 TQQQ Apr 22 2022 48 Call at $1.93
1 TQQQ Apr 22 2022 48.5 Call at $1.67
1 TQQQ Apr 22 2022 49 Call at $1.43
1 TQQQ Apr 22 2022 49.5 Call at $1.20
1 TQQQ Apr 22 2022 50 Call at $1.02
1 TQQQ Apr 22 2022 50.5 Call at $0.87
1 TQQQ Apr 22 2022 51 Call at $0.67
1 TQQQ Apr 22 2022 51.5 Call at $0.56
TNA Diagonal Calendar Spreads
Bought TNA May 06 2022 67.0 Call at $0.74
Sold TNA Apr 22 2022 61.0 Call at $0.89 for a $0.15 Credit
Bought TNA May 06 2022 67.5 Call at $0.67
Sold TNA Apr 22 2022 61.0 Call at $0.89 for a $0.22 Credit
Bought TNA May 06 2022 67.5 Call at $0.74
Sold TNA Apr 22 2022 61.5 Call at $0.86 for a $0.12 Credit
SPX 1-dte
#SPX1dte Sold to Open $%SPX Apr 20th 4355/4375-4515/4535 condors for 1.35, a few minutes after the closing bell. Closing SPX: 4463, IV 19.5%, deltas -.06 +.06
TQQQ,
STO September 16, 80 call at 1.11
TQQQ Calls
Sold TQQQ Apr 22 2022 49.5 Calls at $0.73
#OnlySpreads
VXX Long Puts
First trade for VXX in this expiration month
Bought VXX Aug 19 2022 10.0 Puts at $0.10
123 Days to expiration
#VXXContango
TLT XBI
#ShortPuts – A couple adds.
Sold TLT MAY 20 2022 119.0 Put @ 3.00
Sold XBI MAY 20 2022 82.0 Put @ 3.25
LABU Puts
Sold LABU 04/22/2022 13.0 Diagonal Puts at $0.67 and $0.70, replacing similar puts that expired Friday.
#OnlySpreads
Stocks
COIN (not an SP500 stock but one I’ve been accumulating to stay exposed to bitcoin) – Added a tiny bit at $145.00
GNRC – Started a tiny position at $250.00
CHTR – added a tiny bit at $542.72
DIS – added a tiny bit at $127.00
#FallingKnife #SP500
ARKK NFLX XBI
#ShortPuts #CoveredCalls – A few.
ARKK: Covered.
Sold ARKK MAY 20 2022 62.5 Calls @ 2.05
NFLX: Covered with earnings tomorrow.
Sold NFLX APR 22 2022 350.0 Call @ 11.75
XBI: Adding
Sold XBI MAY 20 2022 83.0 Put @ 3.30
OptionsExpiration
A pretty good week where I hardly had to roll anything
EXPIRED:
LABU 16.0 Covered Calls
LABU 16.5 Covered Calls
LABU 22.5/17 Bear Call Spreads
LABU 14.0 Diagonal Put
LABU 13.5 Diagonal Put
TLRY 7.0 Covered Calls
TLRY 11/7.5 Bear Call Spreads
TNA 59.0 Diagonal Call
TNA 61.5 Diagonal Call
TNA 62.0 Diagonal Calls
TNA 62.0 Covered Call
TNA 63.0 Covered Call
TNA 64.0 Covered Call
TQQQ 50.0 Diagonal Calls
TQQQ 51.0 Diagonal Calls
TQQQ 51.5 Diagonal Calls
TQQQ 52.0 Diagonal Calls
TQQQ 52.5 Diagonal Call
TQQQ 62/53 Bear Call Spread
TQQQ 66/53 Bear Call Spread
TQQQ 67/53.0 Bear Call Spread
VXX 25.5 Diagonal Calls
VXX 26.0 Diagonal Calls
VXX 26.5 Diagonal Call
VXX 27.0 Diagonal Call
VXX 27.5 Diagonal Calls
VXX 45/28.0 Bear Call Spread
VXX 48/28.5 Bear Call Spread
VXX 48/29.5 Bear Call Spread
VXX 52/30 Bear Call Spread
VXX 12/21 Bull Put Spreads
VXX 13/21 Bull Put Spreads
SOXL
btc 29 APR 2022 34.5 CALL @.28
sto @.55 yesterday/~50% gain and not wait 15 more days
will reload on next up tick.
#shortputs
sto 22 APR 2022 19 PUT @.11
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 18th 4280/4300-4480/4500 condors for 1.20, SPX at 4402, IV 12.45%, deltas -.05 +.06
Expiring: Apr 14th 4350/4370-4510/4530 condors, sold yesterday for 1.20
TNA Call
Bought to close 1 TNA Apr 14 2022 60.0 Call at $0.01. Sold this on Monday at $0.57.
The scalp worked
TQQQ,
STO May 27, 60 call at .80
Options Bistro 