We went from 90 to 41 yesterday and the FED has not even raised rates yet. I wonder how low it can go?
Recent Updates Page 110
Markets
Dow down 200 … oops … Dow up 500 … oops … Dow closes down almost 200
SOXL
#CoveredCalls – Selling a couple for next week.
Sold SOXL MAR 18 2022 35.0 Calls @ 2.02
SPX trades
#SPX Sold to close $SPX May 9th 4320/4340 call spreads for 3.85. Bought yesterday for 2.50. I was away from the computer, so I got filled on the limit order at 9:38am PT, a little before today’s high.
QYLD SVXY TQQQ
#LongStock #ShortPuts #CoveredCalls -A liitle of each.
QYLD:Starter.
Bought @ 19.25 and 19.26
SVXY: Adding.
Sold SVXY APR 14 2022 42.0 Put @ 2.20
TQQQ: Covering next week early.
Sold TQQQ MAR 18 2022 42.5 Call @ 2.88
VXX Calls and Puts
Sold 1 VXX Mar 11 2022 33.0 Call at $0.65
Sold VXX MAR 11 2022 25.0 Puts at $0.22
TNA TQQQ Calls
Sold TNA Mar 11 2022 60.0 Calls at $0.99 and $1.23
Sold TNA Mar 11 2022 61.0 Call at $1.09
Sold TQQQ Mar 11 2022 50.0 Calls at $0.33, $0.39 & 0.51
ARKK NFLX NVDA SOXL SPY TQQQ
#CoveredCalls#ShortPuts – Some aggressive sales on the 5 minute opening bounce.
ARKK: Still plugging away.
Bought to Close ARKK MAR 11 2022 67.0 Calls @ .09 (sold for 1.75)
Sold ARKK MAR 18 2022 61.0 Calls @ 1.40
NFLX: Roll down for extra premium.
Rolled NFLX MAR 11 2022 375.0 Call to MAR 11 2022 355.0 Call @ 4.00 credit (14.00 total now)
NVDA: Short put now a Jade Lizard.
Sold NVDA MAR 18 2022 210.0/215.0 Bear Call Spread @ 2.55
Now: 210/210/215 @ 5.70
SOXL: More premium collection. Similar to TQQQ position. Not quite keeping up with stock drop but pretty close. Long put collar starting to see some nice gains as well.
Rolled SOXL MAR 11 2022 32.0 Calls to MAR 11 2022 28.0 Calls @ 2.00 credit (7.00 total now)
SPY: Adding.
Sold SPY APR 14 2022 370.0 Put @ 4.75
TQQQ: More premium collection. Similar to SOXL position. Not quite keeping up with stock drop but pretty close. Long put collar starting to see some nice gains as well.
Rolled TQQQ MAR 11 2022 44.0 Calls to MAR 11 2022 40.0 Calls @ 2.20 credit (7.90 total now)
Morning Stocks
Tiny buys:
ALGN at $425.00
BKNG at $1800.00
CCL at $15.00
CE at $133.00
FIS at $85.00 (new 3-year low)
IFF at $115.00
MNST at $74.21
MTCH at $88.00
NCLH at $15.00
NFLX at $349.67
#SP500 #FallingKnife
SPX trades
#coveredcalls #shortputs soxl sto 11…
#coveredcalls #shortputs
soxl
sto 11 MAR 22 35 CALL @.59
sto 18 MAR 22 42 CALL @.60
sto 11 MAR 22 22 PUT @.12
labu
sto 11 MAR 22 17 CALL @.12
AAL BA APTV CMI EL JPM stocks
Late day Trades:
Added a tiny bit of AAL at $13.00
Added a tiny bit of APTV at $98.00
Added a tiny bit of BA at $173.00
Added a tiny bit of CMI at $190.00
Added a tiny bit of EL at $264.00
Added a tiny bit of JPM at $129.00
#SP500 #FallingKnife
SPY
#CoveredCalls #ShortPuts – Replacing stock getting called away today.
Sold SPY APR 14 2022 380.0 Put @ 5.25
Stock getting called @ 416.0 (basis 413.0)
SOXL TQQQ
#CoveredCalls – Near the open rolled down for additional premium.
SOXL:
Rolled SOXL MAR 11 2022 34.0 Calls to MAR 11 2022 32.0 Calls @ 1.15 credit (5.00 total now)
TQQQ:
Rolled TQQQ MAR 11 2022 47.0 Calls to MAR 11 2022 44.0 Calls @ 1.79 credit (5.67 total now)
KOLD Diagonal Put
Bought 1 KOLD Aug 19 2022 10.0 Put / Sold 1 KOLD Mar 18 2022 20.0 Put at $0.16 Net Credit
VXX Calls
Sold VXX Mar 11 2022 30.0 Calls at $0.62 & $0.84
Sold VXX Mar 11 2022 31.0 Calls at $0.51 & $0.68
Sold 1 VXX Mar 11 2022 32.0 Call at $0.54
Sold 1 VXX Mar 11 2022 33.0 Call at $0.44
Replacing calls that expired Friday
Bought to open 1 VXX Mar 25 2022 38.0 Call / Sold to Open 1 VXX Mar 11 2022 28.0 Call at $0.20 Net Credit
Bought to open 1 VXX Mar 25 2022 39.0 Call / Sold to Open 1 VXX Mar 11 2022 29.0 Call at $0.03 Net Credit
Bought to open 1 VXX Apr 01 2022 45.0 Call / Sold to Open 1 VXX Mar 11 2022 28.5 Call at $0.18 Net Credit
Market Awareness
I don’t trade based on this indicator, but I know it is widely followed so I thought I would post for anyone interested. SPY’s 50-Day MA has been dropping relative to its 200-Day MA at about the rate of $1 a day. Since the spread is about $5 now, the famous (or infamous) “death cross” will occur around Monday or Tuesday barring any major changes.
Stocks
First the good:
Sold LDOS at $108.83. Bought on 02/15 at $81.64.
52 Week Range $81.07 – $109.35
Sold MKC at $105.54. Bought on 09/30/21 at $81.00.
52 Week Range $77.85 – $107.34
Sold NEM at $75.31. Bought on 09/20/21 at $54.00.
52 Week Range $52.60 – $77.09
Former #FallingKnife
Now todays tiny buys:
AAL at $14.00
AVY at $160.00
BKNG at $$1,900.00
DAL at 32.50
DRI at $125.00
ECL at $160.00
EPAM at $183.00
FTV at $59.00
IPGP at $104.00
MKC at 105.54
NCLH at $17.00 & $16.00
PPG at $119.00
PVH at $71.00
SYF at $35.00
UAA at $14.73
UAL at $34.00
XYL at $82.70
#SP500 #FallingKnife
#optionsexpiration soxl 50 call soxl…
soxl 50 call
soxl 48 call
soxl 42 call
soxl 26 put
labu 12 put
labu 12.5 put
labu 13 put
OptionsExpiration
Again, a weak market so the bulk of the gains are covered calls and bear call spreads. ITM puts were rolled
Expired:
LABU 20.5 Covered Calls
LABU 20.0 Covered Calls
LABU 30/20 Bear Call Spreads
LABU 28/20 Bear Call Spreads
TNA 67.0 Covered Calls
TNA 59.0 Diagonal Calls
TNA 70/59 Bear Call Spread
TNA 70/60 Bear Call Spread
TNA 72/60 Bear Call Spread
TNA 72/61 Bear Call Spread
TNA 75/61 Bear Call Spread
TQQQ 57.0 Covered Calls
TQQQ 56.0 Covered Calls
TQQQ 60/56 Bear Call Spreads
TQQQ 60/57 Bear Call Spreads
VXX 44/29 Bear Call Spread
VXX 44/30 Bear Call Spread
VXX 44/31 Bear Call Spread
VXX 45/31 Bear Call Spread
VXX 45/31 Bear Call Spread
VXX 49/32 Bear Call Spreads
VXX 50/32 Bear Call Spreads
VXX 55/33 Bear Call Spreads
VXX 28.0 Diagonal Calls
VXX 27.0 Diagonal Calls
VXX 22.5 Diagonal Puts == #VXXContango
VXX 21.0 Diagonal Puts == #VXXContango
XLV 130.0 Diagonal Put
GM
One last tiny stock buy – Bought GM at 42.00
#SP500 #FallingKnife
SPX 1-dte
#SPX1dte Sold to Open $SPX Mar 7th 4115/4135-4425/4445 condors for 1.65, SPX at 4314, IV 24.3%, deltas -.06 +.06
Expiring: Mar 4th 4220/4240-4470/4490 condors, sold yesterday for 1.55.
TNA Calls and Puts
Bought to close TNA Mar 04 022 64.0 Calls at $0.01
Sold on a rollup last Friday at $2.56
Bought to close TNA Mar 04 022 49.0 Puts at $0.01
Sold on a rolldown last Friday at $0.47
Rolled 1 TNA Mar 04 2022 57.5 Put to 1 TNA Mar 11 2022 50.0 Put at $0.03 Credit
NFLX
#CoveredCalls – Forgot I had this order in.
Bought to Close NFLX MAR 04 2022 390.0 Call @ .01 (sold for 6.50)
TQQQ Call Closed
Bought to close TQQQ Mar 04 2022 50.0 Calls at $0.01.
Sold last Friday on a rollup at $3.34
SPY
#ShortPuts – Adding.
Sold SPY APR 14 2022 390.0 Put @ 6.00
LABU
#shortputs
sto 11 MAR 2022 11 PUT @.25
sto 11 MAR 2022 11.5 PUT @.35
SOXL SPY TQQQ XBI
#ShortPuts #CoveredCalls – A nice day of premium collection.
SOXL: Covered.
Bought to Close SOXL MAR 4 2022 36.0 Calls @ .47 (sold for 7.10)
Sold SOXL MAR 11 2022 34.0 Calls @ 3.62
SPY: Covered.
Rolled SPY MAR 4 2022 416.0 Call to MAR 7 2022 416.0 Call @ 1.20 credit (6.00 total now)
TQQQ: Covered.
Bought to Close TQQQ MAR 4 2022 47.0 Calls @ 1.88 (sold for 8.25)
Sold TQQQ MAR 11 2022 47.0 Calls @ 3.88
XBI:
Rolled XBI MAR 4 2022 90.0 Put to MAR 18 2022 90.0 Put @ 1.75 credit (5.85 total now)
BA
STO BA Mar18’22 180 PUT @6.40
STO BA Jan20’23 180 PUT @26.20
TQQQ Calls Closed
Bought to close TQQQ Mar 04 2022 55.0 Calls at $0.01.
Sold on Friday on a rollup at $1.00 and Monday at $0.90
Bought to close TQQQ Mar 04 2022 53.0 Calls at $0.01.
Sold on Friday on a rollup at $1.65
Bought to close TQQQ Mar 04 2022 51.0 Calls at $0.01.
Sold on Friday on a rollup at $2.68
APD APTV BA IVZ MTCH PVH VFC Stocks
Added tiny amount to these at new lows
APD at $228.00
APTV at $109.00
IVZ at $19.00
MTCH at $100.00
PVH at $80.00
VFC at $54.74
Started a new position in BA at $183.00
#SP500 #FallingKnife
RIVN Calls Closed
Bought to close 1 RIVN Mar 04 2022 67.0 Call at $0.01. Sold on Monday at $2.15
Bought to close RIVN Mar 04 2022 65.0 Calls at $0.01. Sold on Monday at $2.41
LABU Put Rolldown
Bought to close LABU Mar 04 2022 15.5 Puts at $1.20. Sold last week on a roll at $1.55
Sold to open LABU Mar 11 2022 14.5 Puts at $1.25 and gained a point on the short strike.
I’ve got LABU Bear Call spreads at 18 and 18.50 plus Covered Calls at 20 and 20.50 expiring at the close
February Jobs report
#Jobs — Above expectations again
Gain of +678,000 non-farm payroll jobs, vs. expected gain of 444K
Unemployment drops to 3.8%, down by 0.1 (vs. estimate of unchanged)
U6 unemployment at 7.2%, up by 0.1
Labor force participation 62.3%, up by 0.1
Wage growth sluggish at only 0.03%. increase, vs. 0.5% estimate.
December jobs revised up by +78K to +588K
January jobs revised up by +14K to +481K
LABU
RIVN Calls Closed
Bought to close 1 RIVN Mar 04 2022 68.0 Call at $0.01. Sold on Monday at $2.53
Also bought to close RIVN Mar 04 2022 79, 80 and 81 calls at $0.01. Sold all those at $0.22 on Monday.
RSX Put Rolldown
Bought to Close RSX Mar 04 2022 6.5 Puts at $1.20
Sold to Open RSX Mar 11 2022 5.5 Puts at $1.48. at $0.28 Credit and lowered the strike a full point
SPX 1-dte
#SPX1dte Sold to pen $SPX Mar 4th 4220/4240-4470/4490 condors for 1.55, SPX at 4366, IV 31.4%, deltas -.07 +.05
ARKK NFLX TQQQ
#CoveredCalls #ShortPuts – A few today.
ARKK: Another round.
Bought to Close ARKK MAR 4 2022 69.0 Call @ .16 (sold for 1.25)
Bought to Close ARKK MAR 4 2022 70.0 Calls @ .10 (sold for 2.21)
Sold ARKK MAR 11 2022 67.0 Calls @ 1.72
NFLX: Selling next week’s early. Letting this week’s wind down.
Sold NFLX MAR 11 2022 375.0 Call @ 10.00
TQQQ: Taking one and adding one.
Bought to Close TQQQ MAR 4 2022 50.0 Put @ 1.24 (sold for 2.21)
Sold TQQQ APR 8 2022 45.0 Put @ 3.60
FXI
STO FXI Apr14’22 31 PUT @0.50
RSX ERUS
now blocked by Schwab but not Fido.
Bought a tiny bit more of ERUS at $7.33.
SNOW Mar
Post-earnings sold to open $SNOW Mar 18 200/190 bull put spread @ 1.90
LABU
#coveredcalls
STO 4 MAR 2022 17.5 CALL @.45 NYSE
SPY
#ShortPuts – Taking off my highest strike for beer money.
Bought to Close SPY MAR 18 2022 420.0 Put @ 4.95 (sold for 5.50)
CRM Call Roll
#coveredcalls
$CRM BTC 3/4 210 call and STO 3/11 215 call at added credit of .30. Gain $5 if called away
SOXL
#coveredcalls
sto 11 MAR 2022 50 CALL @.26
DWAC LABU Call
#coveredcalls
$DWAC STO 3/4 103 call at 2.50
$LABU STO 3/4 17.5 call at .45
BTU,
STO April 14, 20 put at 2.60
FCX,
STO March 18, 48 put at 2.30
XLV early Put roll
Bought to close XLV Mar 04 2022 133.0 Puts at $2.60. Sold on a roll last week at $7.77
Sold to Open XLV Mar 11 2022 132.0 Puts at $2.65 for a $0.05 Credit and gained a point on the short strike
TQQQ,
STO June 17, 80 call at 1.02,I think we are in a long term bear market.
SOXL
#CoveredCalls – Sold SOXL MAR 11 2022 38.0 Calls @ 3.50
C Stock
Started a tiny new position in C at $56.98
RSX Diagonal Puts
Bought to Open RSX May 20 2022 3.0 Puts at $0.55
Sold to Open RSX Mar 04 2022 6.5 Puts at $0.70 for a $0.15 Spread Credit
Long DTE = 79
Short DTE = 2
If this war drags on in the Russian Markets stay closed, I should get multiple re-writes on the long.
#OnlySpreads
SPX trades
#SPX Sold to close $SPX Mar 2nd 4400/4420 call spreads for 1.95. Bought yesterday for 2.20. This did not work out the way I wanted, as we went lower rather than higher into yesterday’s close. I fortunately got the opening bounce I was looking for, but from the lower level it’s not enough, so I’m closing now to keep the loss small. Theta is a stone-cold killer on options expiring today. I’m not waiting for the small (but possible) chance of a huge spike up based on what Powell says. I’ll save the chips for another day.
Powell Testimony Today & Tomorrow
For anyone who wants to watch, it starts at 10:00 AM Eastern:
VXX Call
Just before the close Sold VXX Mar 04 2022 32.0 Call at $0.40.
VXX Close at 26.67
SPY
#ShortPuts #CoveredCalls – Late fills.
Rolled SPY MAR 2 2022 416.0 Call to MAR 4 2022 416.0 Call @ 1.50 credit (4.80 total now)
Sold SPY APR 14 2022 380.0 Put @ 5.05
RSX
Right at the close, added a tiny bit of RSX at $8.26 on an 8.50 limit order.
Someone really, really wanted out.
#FallingKnife
SPX trades
#SPX Bought to open $SPX Mar 2nd 4400/4420 call spreads for 2.20, with SPX at 4305. Just a small trade that we will move up into the close, or open higher tomorrow. Looking for a double or triple, not the full 20 spread.
APTV JPM PVH Stock
Added a tiny bit of APTV at $117.oo
Added a tiny bit of JPM at $134.00
Started a position in PVH at $89.00
RSX
STO RSX Jan’23 20/10 Bull Put @8.05
B/E at $11.95
VXX Puts
Bought to open VXX JAN 20 2023 6.0 Puts at $0.14.
Setting up some long puts to write against on the next VXX Pullback
#VXXContango
VXX Call Ladder
Sold VXX Mar 04 2022 33.0 Calls at $0.22 & $.028
Sold VXX Mar 04 2022 32.0 Calls at $0.22 & $0.27
Sold VXX Mar 04 2022 31.0 Calls at $0.27 & $0.40
Sold 1 VXX Mar 04 2022 30.0 Call at $0.40
Sold 1 VXX Mar 04 2022 29.0 Call at $0.48
Sold against leftover long calls from old Diagonal call spreads
#OnlySpreads
RSX
#BullPutSpreads – Going out in time with defined risk. Breakeven at 13 and max loss 3.
Sold RSX JAN 20 2023 30.0/10.0 Bull Put Spreads @ 17.00
APTV BWA IVZ JPM VTRS Stocks
Started a tiny position in APTV at $125.00
Started a tiny position in BWA at $39.83
Started a tiny position in IVZ at $19.83
Started a tiny position in JPM at $139.57
Added to my position in VTRS at $10.68
#SP500 #FallingKnife
RUSL
SPXpire
#SPX1dte Expired: $SPX Feb 28th 4190/4210-4490/4510 condors, sold Friday for 1.35
labu
sto 4 MAR 2022 12 PUT @.08
sto 4 MAR 2022 12.5 PUT @.13
—————–
soxl
sto 4 MAR 22 26 PUT @.11
AA Put
#shortputs
$AA STO 3/4 72 put at .95
ERUS ETF
iShares MSCI Russia ETF ERUS
Made a couple of tiny buys at $19.10 and $18.60.
TNA TQQQ Covered Calls
Sold TNA Mar 04 2022 67.0 Calls at $0.79
Sold TQQQ Mar 04 2022 57.0 Calls at $0.51
Sold TQQQ Mar 04 2022 56.0 Calls at $0.66
RIVN Call Ladder
Sold to Open 1 RIVN Mar 04 2022 68.0 Call at $2.53
Sold to Open 1 RIVN Mar 04 2022 67.0 Call at $2.15
Sold to Open RIVN Mar 04 2022 65.0 Calls at $2.41
SVXY
#ShortPuts – VIX 32 and futures in steep backwardation and this thing is still above 50. Small add here.
Sold SVXY APR 14 2022 45.0 Put @ 2.35
http://vixcentral.com/
Casualties of War
Made 3 tiny buys already today in #SP500 stock EPAM at:
$338.69 (former 52-week low)
$223.89
$203.00
A real #FallingKnife
Options Bistro 