#SPX1dte Bought to close $SPX May 13th 4050/4070 call spreads for 3.35. Condors sold yesterday for 1.65.
Recent Updates Page 114
TNA Call
Starting on next week
Sold 1 TNA May 20 2022 46.0 Call at $0.36
VIX and Markets
The VIX has rolled over from a 6 day run to the mid 30’s and is now below 30 for the first time since 5/5.
I’m guessing that if it closes below 30 that this market has turned the corner for now.
I’m way ahead of the Bistro VIX indicator but I trade VIX based options every day and it gives me a good feel about it’s movements.
JMHO
TNA Scalp
Sold TNA May 13 2022 41.0 Calls at $0.14 and $0.18.
I may have to roll up my earlier scalp on the strike 39.0 Calls but it’s worth it because my stock position is up. 🙂
NFLX put spread
Sold to open $NFLX Jun 17 160/150 bull put spread @ 2.03
MNST Stock
Liquidating a profitable stock position to raise some cash for the next downswing.
Sold out of my MNST position at $87.59. Bought on 02/23/2022 at $80.00 and again on 03/08/2022 at $74.21
LABU Rolls
Rolled LABU 12.5 Puts to next week for a $0.01 Credit
Rolled LABU 9.0 Puts to next week for a $0.02 Credit
Rolled LABU 8.0 Put to next week for a $0.05 Credit
Rolled LABU 7.0 Put to next week for a $0.17 Credit
Rolled LABU 6.5 Puts down to next week’s 6.0 Puts at even money
Rolled LABU 6.0 Puts down to next week’s 5.5 Puts for a $0.02 Credit
Rolled LABU 5.5 Puts down to next week’s 5.0 Puts for a $0.15 Credit
TQQQ Calls
Starting on next week
Sold TQQQ May 20 2022 38.0 Calls at $0.21
Sold 1 TQQQ May 20 2022 37.0 Call at $0.31
Sold TQQQ May 20 2022 36.0 Calls at $0.38 and $0.44
LABU
5/13 ,2022, 9 PUT
SPX 1-dte
Sold to Open $SPX May 13th 3750/3770-4050/4070 condors for 1.65, SPX at 3901, IV 42.8%, deltas -.06 +.06
SPX long puts
#SPX Sold to close $SPX May 13th 3800/3780 put spreads for 4.35. Bought for 1.00 on Tuesday.
SPY
Added a tiny bit more at 386.00, a new low.
#FallingKnife
TQQQ,
BTC May 20, 55 call at .01, sold at .66
TQQQ TNA Call scalps
Sold TNA May 13 2022 39.0 Call at $0.41.
Sold TNA May 13 2022 40.0 Call at $0.37.
Sold TQQQ May 13 2022 33.0 Calls at $0.21 and $0.22
Sold TQQQ May 13 2022 34.0 Covered Calls at $0.12
Expires tomorrow
BYND put spread
Post earnings bouncing off the lows, sold to open $BYND Jun 17 20/15 bull put spread @ 1.20
SPY QQQ Stocks
On the open:
Bought a tiny bit of SPY at $389.58
Bought a tiny bit of QQQ at $287.48
LABU early assignment
LABU May 13 2022 13.0 puts assigned last night, so I added 200 shares at a net cost around $7.00 after put premiums
QYLD
#shortputs
STO 20 MAY 2202 17.5 PUT @.20
SPX trades
LABU Puts
Sold LABU May 13 2022 5.0 Puts at $0.55. Reverse split can’t be far off 😦
Hope it bounces soon
SPY and QQQ Stocks
Added a tiny bit of SPY at $393.00
Added a tiny bit of QQQ at $295.00
Both new lows
#FallingKnife
OT,
It looks like the VIX is no longer a good indicator unless it gets up to 60 or 80.
Anyone know where the T2108 is today?
NVDA SPY
#CoveredCalls #LongStock – A couple.
NVDA: Rolled call down for additonal credit this morning. Earnings the following week.
Rolled NVDA MAY 20 2022 195.0 Call to MAY 20 2022 190.0 Call @ 1.05 credit. (4.24 total now)
SPY:
Sold SPY JUL 15 2022 340.0 Put @ 5.00
Bought a tiny bit of stock @ 394.75
Rolled SPY MAY 20 2022 410.0 Call to MAY 20 2022 405.0 Call @ 2.20 credit (7.40 total now)
TQQQ and TNA Call Ladders
Adding to my ladders
Sold TQQQ May 13 2022 37.0 Calls at $0.34
Sold TQQQ May 13 2022 38.0 Calls at $0.21
Sold 1 TNA May 13 2022 44.0 Covered Call at $0.30
NVDA
#CoveredCalls – A couple.
Bought to Close NVDA MAY 13 2022 205.0 Call @ .26 (sold for 2.80)
Bought to Close NVDA MAY 13 2022 207.5 Call @ .19 (sold for 2.38)
Sold NVDA MAY 20 2022 190.0 Call @ 4.46
Sold NVDA MAY 20 2022 195.0 Call @ 3.19
SPY
#LongStock #ShortCalls – Over the last few big down days I’ve been adding just a few tiny buys of SPY stock. Sold a call against it today.
Bought SPY @ :
414.25
413.60
411.50
408.30
402.10
401.10
399.65
396.10
Sold SPY MAY 20 2022 410.0 Call @ 5.20
80 shares against a delta 30 short call so still net long…
SPX1-dte
Sold to Open $SPX May 11th 3830/3850-4145/4165 condors for 2.00, SPX at 3993, IV 45.85%, deltas -.06 +.06
Expiring: May 10th 3825/3850-4125/4150 condors, sold yesterday for 1.90.
TQQQ Covered Call Ladder
Sold TQQQ May 13 2022 36.0 Calls at $0.55
Sold TQQQ May 13 2022 35.0 Calls at $0.86
Sold 1 TQQQ May 13 2022 34.0 Call at $1.23
T2108 update
Got to around 12 today
SPY stock
Added a tiny bit of SPY at $395.00
NVDA SOXL SPY TQQQ
#ShortPuts #CoveredCalls – a little bit of both.
NVDA: Covered.
Sold NVDA MAY 20 2022 190.0 Call @ 4.55
SOXL: Covered.
Rolled down calls for this week from 27 to 24 for additonal credit.
SPY: Yesterday.
Sold SPY JUN 30 2022 350.0 Put @ 4.95
TQQQ: Covered.
Rolled down calls for this week from 40 to 36 for additional credit.
SPX spec
#SPX Bought to Open $SPX May 13th 3800/3780 put spreads for 1.00. Now the hard part is when to sell it. Already a double.
TNA Covered Call Ladder
Sold 1 TNA May 13 2022 43.0 Covered Call at $0.75
Sold 1 TNA May 13 2022 45.0 Covered Call at $0.39
VXX Puts
Sold a lot of calls yesterday. Pairing off a few of those with puts today
Bought VXX Jun 03 2022 20.0 Puts at $0.11.
Sold VXX May 13 2022 24.5 Puts at $0.14 for a $0.03 Credit
Long DTE = 24
Short DTE = 3
#VXXContango
SOXL
btc 20 MAY 2022 32 CALL @.09/sto .70
SPX 1-dte
#SPX1dte Sold to Open $SPX May 10th 3825/3850-4125/4150 condors for 1.90, SPX at 3996, IV 41.45%, deltas -.05 +.06. (wings are 25 wide)
AMZN Stock
Added a tiny bit of AMZN at $2189.00
New low and about 10% below my first buy.
#SP500 #FallingKnife
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
Options Bistro 