#ShortPuts – Nice run so taking some more off a couple weeks early. Ready for it to come back down now.
Bought to Close XBI APR 14 2022 87.0 Put @ .26 (sold for 3.10)
Bought to Close XBI APR 14 2022 88.0 Put @ .35 (sold for 3.15)
Bought to Close XBI APR 14 2022 89.0 Put @ .46 (sold for 3.10)
Bought to Close XBI APR 14 2022 90.0 Put @ .60 (sold for 3.25)
Bought to Close XBI APR 22 2022 86.0 Put @ .47 (sold for 2.55)
Borrowing an idea from TastyTrade.
Sold $USO May 20 77/80/89 broken wing butterfly @ .90 credit.
Sold LABU Apr 08 2022 19.5 Calls at $0.63
Sold 1 TNA Apr 08 2022 69.5 Call at $0.69
Sold 1 TNA Apr 08 2022 70.0 Call at $0.59
Replacing similar calls that expired Friday
Sold 1 TQQQ Apr 08 2022 59.0 Call at $2.53
Sold 1 TQQQ Apr 08 2022 60.0 Call at $1.38
Sold TQQQ Apr 08 2022 61.0 Calls at $1.33
April 8 20 call/sto .29
#SPX1dte Sold to Open $SPX Apr 4th 4455/4475-4600/4620 condors for 1.15, SPX 4546, 10.2%, delta -.06 +.06
A good week despite Monday’s high volatility. The abnormal move Monday in VXX allowed for some great premiums on the final write against some long VXX calls left over from previous diagonal spreads.
The strong market even brought my overly large TQQQ stock position back to even. I got lucky with calls expiring in TLRY, TNA and even TQQQ.
== Expired ==
LABU 23/17.5 Bear Call Spreads
LABU 23/18 Bear Call Spreads
LABU 25/18.5 Bear Call Spread
LABU 10/13.5 Bull Put Spread
TLRY 9.0 Diagonal Calls
TNA 70/65.5 Bear Call Spread
TNA 69.0 Covered Calls
TNA 69.5 Covered Call
TQQQ 58.50 Diagonal Call
VXX 53.0 Diagonal Calls
VXX 52.0 Diagonal Calls
VXX 51.0 Diagonal Calls
VXX 50.0 Diagonal Call
VXX 49.0 Diagonal Call
VXX 48.0 Diagonal Call
VXX 47.0 Diagonal Call
VXX 46.0 Diagonal Call
VXX 45/39 Bear Call Spread
VXX 45/38 Bear Call Spread
VXX 44/37 Bear Call Spread
VXX 45/36 Bear Call Spread
VXX 45/35 Bear Call Spread
VXX 44/34 Bear Call Spread
VXX 44/33 Bear Call Spread
VXX 43/32 Bear Call Spread
VXX 43/31 Bear Call Spread
VXX 42/31 Bear Call Spread
VXX 41/31 Bear Call Spread
VXX 40/30 Bear Call Spreads
VXX 22.0 Diagonal Puts — #VXXContango
VXX 21.5 Diagonal Puts — #VXXContango
VXX 21.0 Diagonal Puts — #VXXContango
All this week’s puts are expiring. Starting on next week:
Sold VXX Apr 08 2022 21.5 Puts at $0.18 & $0.19
Sold VXX Apr 08 2022 21.0 Puts at $0.14
Sold VXX Apr 08 2022 20.0 Puts at $0.09
#VXXContango
#CoveredCalls – Pullback today is allowing a reset of my covered calls. Going much less aggressive now. Had originally rolled these up and out to May for additional credit.
Bought to Close SOXL MAY 20 2022 32.0 Calls @ 6.75 (sold for 7.05)
Sold SOXL APR 8 2022 37.0 Calls @ 1.13
Sold LABU Apr 08 2022 19.0 Calls at $0.44 and again at $0.48.
At the same time I closed out some LABU 23/17 Bear Call spreads at $0.22. Sold them for $0.48
#BullPutSpreads – Just for fun…lottery ticket. Risk 1 to make 9.
Sold HOOD MAY 20 2022 25.0/15.0 Bull Put Spreads @ 9.00
Bought to close TLRY 04/01/2022 8.5 Calls at $0.01. Sold last Friday at $0.84 and $0.91.
Sold to close TLRY 04/08/2022 10.0 Calls at $0.23. Bought these on 03/23 at $0.05.
#WinWin on both sides of the spread
Bought to close TLRY 04/01/2022 8.0 Diagonal Calls at $0.12. Sold last Friday at $0.76 and $1.07
Replaced them with short TLRY 04/08/2022 11.0 Calls at $0.21.
“an expected House vote this week on a bill that could decriminalize cannabis. The bill, called the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, would remove cannabis from the Schedule I classification”
Als0 #Earnings are next Wednesday
#SPX1dte Bought to close $SPX Apr 1st 4475/4555 put spreads for .35. Condors sold yesterday for 1.20. Normally don’t close before stop is hit, but I don’t have a good feeling about the market today. Also, SPX dropped over 30 points AFTER I sold this yesterday.
Bought to close LABU Apr 01 2022 16.5 Covered Calls at $0.27. Sold last Friday on a rollup at $1.35.
Replaced them with LABU Apr 08 2022 18.5 Covered Calls at $0.42 for a $0.15 Credit and with a huge 2 point bump in the short strike (slightly above the entire trading range for March).
#optionsexpiration
most likely expire!
April 1, 42 call /sold for 1.99
Bought to close TLRY Apr 01 2022 11.0 Calls at $0.03. Sold last week at $0.38.
Sold TLRY Apr 08 2022 11.0 Calls at $0.25
Rolled TQQQ Apr 01 2022 49.0 Covered Calls out a week at $0.27 Credit
BTC April 1, 45 put at .01, sold at .46, forgot to cancel the buy order and should have just let it expire.
First the good.
Sold off my last lot of NLSN at $27.36 near today’s YTD high. Bought this on 02/23/2022 at $16.85 (less than a point from the 52-week low)
Sold off my next lot of FLT at $254.20 and near the 2022 high. Bought on 11/26/2021 at $220.00.
Sold my next lot of AES at $26.02 and at the 2022 high. Bought on 01/24/2022 at $22.00.
#FormerFallingKnife stocks
Added to my C stock position at $52.00
Added to my WHR stock position at $172.00
#SP500 #FallingKnife
#Jobs — Slightly below expectations, but all stats are strong
Gain of +431,000 non-farm payroll jobs, vs. expected gain of 490K
Unemployment drops to 3.6%, down by 0.2 (vs expected drop of 0.1)
U6 unemployment fell to 6.9%, down by 0.3
Labor force participation 62.4%, up by 0.1
Average hourly earnings up 0.4%, and up 5.6% over 12 months.
February jobs revised up by +72K to +750K
January jobs revised up by +23K to +504K
Rolled this week’s TQQQ Apr 01 2022 51.0 Calls to next week’s TQQQ Apr 08 2022 51.5 Calls at $0.02 Credit and added $0.50 to the short strike.
#OnlySpreads
#SPX1dte Sold to Open $SPX April 1st 4455/4475-4635/4655 condors for 1.20, SPX at 4560, IV 21.2%, deltas -.06 +.06
Expiring: March 31st 4490/4510-4660/4680 condors, sold yesterday for 1.375
#SPX5dte Sold to close $SPX March 31st 4555/4575 call spreads for 9.85. Condors bought for 16.90 on Monday. Puts sold for 1.30 yesterday. So loss of 5.75. What a disappointment. Another Upside Warning that has fizzled out immediately (last one was similar, from Dec 27th, but that time we at least got a few days before a drop). This trade looked like it would survive only a few minutes ago. I have been playing this strategy very conservatively and should have stuck to that approach and sold for 18.00 earlier in the hour.
First the good.
Sold half my remaining TFX stock at $355.05 at the 2022 high. Bought this lot on 11/26/2021 at $310.00.
#FormerFallingKnife
Added to my position in FBHS at $75.00 and at a new 52-week low.
Started a new position in DHI at $75.00, also at a new low.
#SP500 #FallingKnife
#ShortPuts – Adding.
Sold FAS MAY 20 2022 95.0 Put @ 3.20
Rolled this week’s TQQQ Apr 01 2022 46.0 Calls to next week’s TQQQ Apr 08 2022 46.0 Calls at $0.12 Credit.
Rolled this week’s TQQQ Apr 01 2022 48.0 Calls to next week’s TQQQ Apr 08 2022 48.0 Calls at $0.17 Credit.
Rolled this week’s TQQQ Apr 01 2022 48.5 Calls to next week’s TQQQ Apr 08 2022 48.5 Calls at $0.22 Credit.
Bringing in cash while keeping a hefty dose of downside protection
rolled 8 APR 2022/1 APR 2022 34 CALL @.48 / total 2.09
Amid an utter shitshow of macro, micro, political, and geopolitical chaos, the S&P 500 is less than 4% from its all-time record closing high in early January…
As Goldman’s Tony Pasquariello noted, “this is what bear market rallies look like… These types of vicious rips higher are a feature, not an oddity.”
https://www.zerohedge.com/markets/do-you-feel-lucky-8-reasons-question-markets-recent-rip
Bought to close LABU Apr 01 2022 16.0 Calls at $0.70. Sold on a rollup last Friday at $1.62
Sold to Open LABU Apr 08 2022 17.0 Calls at $0.85 for a $0.15 Credit with the strike a point higher.
With today’s earlier put roll, I have a LABU 15.5/17 short strangle for next week.
#ShortPuts #CoveredCalls – A little bit of both.
ADBE: Closed call side of Jade Lizard leaving short 425 strike put.
Bought to Close ADBE APR 14 2022 440/455 Bear Call Spread @ 10.50 (Lizard sold for 15.95)
ARKK: Continuing stock replacement.
Sold ARKK APR 22 2022 66.0 Put @ 3.20
Sold ARKK APR 22 2022 67.0 Put @ 3.60
NFLX: Rolling covered.
Rolled NFLX APR 1 2022 355.0 Call to APR 8 2022 357.5 Call @ .15 debit
SOXL: Adding
Sold SOXL MAY 13 2022 35.0 Put @ 2.75
Bought to close 1 LABU Apr 01 2022 16.5 Put at $0.67. Sold last Friday on a rolldown at $1.08
Sold to Open 1 LABU Apr 08 2022 15.5 Put at $0.82 for a $0.15 Credit with the strike a point lower.
First the good
Sold off my next lot of NLSN at $27.21 near today’s YTD high.
Bought this on 02/18/2022 at $17.50
#FormerFallingKnife
Added a tiny bit to my WHR stock at a new low of $179.00.
(its current annualized dividend of $7 is up 28.4% from last year. Over the last 5 years, Whirlpool has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.63%.)
#SP500 #FallingKnife
#ShortPuts #JadeLizards – A few today.
Sold SOXL APR 29 2022 40.0 Put @ 2.70
Sold SOXL MAY 6 2022 37.5 Put @ 2.70
Bought to Close TSLA APR 14 2022 750/1000/1005 Jade Lizard @ 4.55 (sold for 5.60)
Sold TQQQ APR 22 2022 57.5 Put @ 2.70
Sold TQQQ APR 29 2022 55.0 Put @ 2.50
#SPX5dte Sold to close $SPX March 31st 4545/4525 put spreads for 1.30. Condors bought for 16.90 on Monday. Looking for 20.00 max credit tomorrow on the 4555/4575 call spreads.
Bought to close $TSLA Jun 17 600 put @ 4.35. Sold for 21.00 on 1/6. Taking it off for around 80% of the max profit a couple of months early.
Pushing my long hedge up and out 3 weeks so I can continue to write against it while still bringing in enough cash to cover my initial cost.
Sold to Close 1 TQQQ Apr 08 2022 58.0 Call at $5.40. Bought this on 3/16 at $0.46 as a long hedge in a diagonal call spread
Bought to Open 1 TQQQ Apr 29 2022 62.0 Call at $4.90 for a $0.50 Net Credit.
This works best if TQQQ falls back from it’s present high in the next few weeks.
Rolling these ITM calls while I can still get extra premium going up a strike price for next week.
Bought to close TQQQ Apr 01 2022 54.0 Calls / Sold to Open TQQQ Apr 08 2022 54.5 Calls at $0.06 Credit
Bought to close TQQQ Apr 01 2022 55.5 Calls / Sold to Open TQQQ Apr 08 2022 56.0 Calls at $0.22 Credit
Sold off my only lot of PKG at $157.75, at a new 3-year high.
Bought this on 12/20/2021 at $126.06, pretty close to the 52-week low.
#FormerFallingKnife
#VIXIndicator A likelihood of higher levels in coming days or weeks.
#SPX1dte – at 12:34p PT, Sold to Open $SPX March 30th 4540/4560-4700/4720 condors for 1.15, SPX at 4632, deltas -.07 +.04
Sold 1 TNA Apr 01 2022 68.0 Call at $2.68.
#OnlySpreads
#ShortPuts – Some more that are at least 70 percent profitable with a few weeks to go.
Bought to Close SOXL APR 14 2022 38.0 Put @ .86 (sold for 2.86)
Bought to Close TQQQ APR 14 2022 51.0 Put @ .67 (sold for 2.50)
Bought to Close TQQQ APR 22 2022 47.5 Put @ .70 (sold for 2.90)
#ShortPuts – Starter hoping to stir things up a little.
Sold FAS MAY 20 2022 100.0 Put @ 3.26
#ShortPuts – A couple more.
Bought to Close SOXL APR 8 2022 38.0 Put @ .60 (sold for 2.25)
Bought to Close TQQQ APR 8 2022 53.0 Put @ .55 (sold for 2.50)
#ShortPuts – A couple quickies.
Bought to Close SOXL APR 1 2022 40.0 Put @ .32 (sold for 2.35)
Bought to Close TQQQ APR 1 2022 55.0 Put @ .22 (sold for 2.45)
#shortstrangles
$O STO 4/14 67.5/70 strangle at .74. The call is covered. Stock ex dividend 3/31. This is an experiment. I am wearing goggles.
#shortputs
$PLUG STO 4/1 28.5 put at .67
I was selling calls with both hands yesterday. Balancing those out a bit with VXX Puts today
Sold VXX Apr 01 2022 22.0 Puts at $0.21
Sold VXX Apr 01 2022 21.5 Puts at $0.14 & $0.16
Sold VXX Apr 01 2022 21.0 Puts at $0.12
#VXXContango #OnlySpreads
Sold 1 TNA Apr 01 2022 69.0 Covered Call at $1.22
Sold LABU Apr 01 2022 18.5 Calls at $0.32
First trades in a while in my #FallingKnife “mini SP500 ETF”
Sold off my highest cost lot of AES at $24.97 near today’s YTD high.
Bought this on 01/18/2022 at $22.60
Sold off my highest cost lot of NLSN at $27.04 near today’s YTD high.
Bought this on 01/27/2022 at $18.10
Former #FallingKnife
Sold more long Puts
Sold to close VXX May 20 2022 15.0 Puts at $0.24. Bought on 03/17/2022 at $0.05.
Fully paid for with a #VXXContango spread for that week.
#WinWin
BTC 1 APR 2022 18 CALL @.10-.12/STO this morning .35/
profit for a few hours /mo better/then waiting 4 more days!
#ShortPuts – Adding.
Sold SOXL APR 22 2022 38.0 Put @ 3.00
“As part of its structured products business, Barclays Bank PLC (“BBPLC”), a subsidiary of Barclays PLC (“BPLC”), is a frequent issuer of structured notes and exchange traded notes in the United States and elsewhere. These securities are often issued to meet actual and anticipated client demand for such securities.
BBPLC has determined that the securities offered and sold under its US shelf registration statement during a period of approximately one year exceeded the registered amount (such excess, the “Affected Securities”) giving rise to a right of rescission among certain purchasers of Affected Securities requiring BBPLC to repurchase the Affected Securities at their original purchase price. As a result, BBPLC has elected to conduct a rescission offer to eligible purchasers of the Affected Securities. Details of the rescission offer will be published by BBPLC in due course.”
As The FT reports, a footnote reveals that Barclays had a registered maximum offering size of $20.8bn for its ETNs, and exceeded that by about $15.2bn.
Quite the miss. Those securities now have to be bought back at the original purchase price, and incur the estimated $600 million loss.
Sold Calls earlier, switching to puts now
Sold 1 LABU Apr 01 2022 13.5 Put at $0.33
#OnlySpreads
Sold TLRY Apr 01 2022 11.0 Calls at $0.38
#OnlySpreads
Sold these with the stock around 28.50
1 VXX Apr 01 2022 50.0 Call at $0.55
1 VXX Apr 01 2022 49.0 Call at $0.57
1 VXX Apr 01 2022 48.0 Call at $0.61
1 VXX Apr 01 2022 47.0 Call at $0.63
1 VXX Apr 01 2022 46.0 Call at $0.79
The VIX is up only 4%. VXX is up 13% so the short squeeze is still in effect on VXX because they are not creating new shares
#OnlySpreads
STO 1 APR 22 18 CALL @.35
Sold VXX Apr 01 2022 30.0 Calls at $0.95, adding to my position and replacing similar calls that expired Friday.
Used the cash to buy VXX Apr 14 2022 48.0 Calls at $0.91
#OnlySpreads
Sold TQQQ Apr 01 2022 61.0 Calls at $0.45
Sold TQQQ Apr 01 2022 58.0 Call at $1.59
Sold TQQQ Apr 01 2022 57.0 Calls at $2.11
Sold TQQQ Apr 01 2022 56.0 Calls at $2.53
#OnlySpreads
STO ) 1 APR 22 42 CALL @1.99
Sold all these:
LABU Apr 01 2022 18.0 Calls at $0.35 & $0.40
LABU Apr 01 2022 17.5 Calls at $0.45 & $0.55
LABU Apr 01 2022 17.0 Calls at $0.55 & $0.70
replacing similar calls that expired Friday
#OnlySpreads
soxl
25 mar 33 put
25 mar 42 call
#optionsexpiration
$VXX 23 put
$VXX 23.5 put Selling against Long VXX Thank you @iceman. You are still teaching ever since that day in Manhattan at the infamous Chinese restaurant. You rock!
$TQQQ 56 put Thank you @fuzzballl
$DWAC 74 call
$ZIM 91 call
$OXY 60 call
A strong market again this week but finally some short calls in LABU and TNA expired . TLRY put on a major run in the last 2 days so I’ll be making some cash on covered calls and bear call spreads next week.
VXX remains elevated, so I was able to pre-sell some of next week’s calls as every VXX short position expired this week.
EXPIRED:
LABU 18.0 Diagonal Call
LABU 17.0 Diagonal Calls
LABU 13.0 Diagonal Put
TNA 65.0 Covered Call
TNA 65.5 Covered Call
TNA 69/65 Bear Call Spread
TNA 70/65.5 Bear Call Spread
TNA 70/66 Bear Call Spread
VXX 40/35 Bear Call Spread
VXX 39/33 Bear Call Spread
VXX 38/32 Bear Call Spread
VXX 38/31 Bear Call Spread
VXX 31.0 Diagonal Call
VXX 30.0 Diagonal Calls
VXX 29.5 Diagonal Calls
VXX 29.0 Diagonal Call
VXX 28.5 Diagonal Calls
VXX 28.0 Diagonal Calls
VXX 23.0 Diagonal Puts — #VXXContango
VXX 14/22 Bull Put Spread
#VIXindicator Based on the $VIX close under 21.17, the Downside Warning is canceled. It first went into effect on January 20th, was canceled on Feb 9th, only to be reinstated only two days later on Feb 11th.
The arrow on this chart shows last time it was canceled. (Feb 9th).
So while it is usually a pre-cursor to an extended rally, the better sign will come with an Upside Warning, which will require two more CONSECUTIVE closes below 21.17.
#shortputs
$ZIM BTC 3/25 74 put and STO 4/1 74 put at added credit of .31. May be the end of this party boat?
At 3:30 these looked like they would expire. Then’ someone’ said BTFD
Bought to close TQQQ Mar 25 2022 56.0 Calls at $0.72. Sold on 3/22 at $1.58 and $1.61.
Bought to close 1 TNA Mar 25 2022 64.0 Call at $0.19. Sold last Friday on a roll at $3.04
Sold TQQQ Apr 01 2022 58.50 Calls at $1.23 for a $0.51 Credit and 2.5 additional points on the short strike
Sold 1 TNA Apr 01 2022 69.0 Call at$0.48 for a $0.29 Credit and 5 additional points on the short strike
#SPX1dte Sold to Open $SPX March 28th 4410/4430-4590/4610 condors for 1.40, SPX at 4519, OV 12.8%, deltas -.06 +.06
Expiring: March 25th 4405/4425-4585/4605 condors, sold yesterday for 1.45
#ShortPuts – First time in this in a long time. Throwing it out there as a starter and looking to add lower.
Sold TLT MAY 20 2022 125.0 Put @ 2.85
Rolled my TLRY Mar 25 2022 7.5 Covered Calls to TLRY Apr 01 2022 9.0 Covered Calls at $0.09 Credit and boosted the short strike 1.5 points (or 20%)
#ShortPuts – A few more adds.
Sold SOXL APR 8 2022 38.0 Put @ 2.25
Sold SOXL APR 14 2022 38.0 Put @ 2.86
Sold TQQQ APR 8 2022 53.0 Put @ 2.50
Sold TQQQ APR 14 2022 51.0 Put @ 2.50
Sold XBI APR 22 2022 86.0 Put @ 2.55
#shortputs
$BTU BTC 4/14 20 put at .30. STO at 2.70. Thank you @jsd501
#coveredcalls
$CRWD BTC 4/1 217.5 and STO 4/8 222.5 call at even but gain $5 If called away.
Rolling calls over for another week for some extra cash (instead of allowing assignment) while still keeping decent downside protection
Rolled TQQQ Mar 25 2022 46.0 Covered Calls to TQQQ Apr 01 2022 46.0 Covered Calls at $0.35 Credit
Rolled TQQQ Mar 25 2022 47.5 Covered Calls to TQQQ Apr 01 2022 48.0 Covered Calls at $0.10 Credit plus gained a half point on the short strike
Rolled TQQQ Mar 25 2022 48.0 Covered Calls to TQQQ Apr 01 2022 48.5 Covered Calls at $0.20 Credit plus gained a half point on the short strike.
Edit: after TQQQ bounced:
Rolled TQQQ Mar 25 2022 49.0 Covered Calls to TQQQ Apr 01 2022 49.0 Covered Calls at $0.40 Credit
Options Bistro 