#CoveredCalls – Uncovering some stock in case we get any follow through this week.
Bought to Close SOXL FEB 4 2022 47.0 Call @ .67 (sold for 1.85)
Bought to Close SOXL FEB 4 2022 48.5 Call @ .40 (sold for 1.35)
Recent Updates Page 128
VXX Put Spreads
Bought to open VXX Apr 14 2022 12.0 Puts at $0.10
Sold to Open VXX Feb 04 2022 20.0 Puts at $0.14
Short DTE = 4
Long DTE = 73
My first buy of the April contracts. Could they be ITM by April – Absolutely!!
Could the Feb 04 VXX 20’s be ITM by Friday – Absolutely!! – but they can be rolled very easily for additional premium.
#VXXContango
TNA Call Ladder
Sold TNA Feb 04 2022 67.0 Calls at $0.44 & $0.50
Sold 1 TNA Feb 04 2022 66.0 Call at $0.57
Sold 1 TNA Feb 04 2022 65.0 Call at $0.70
Sold 1 TNA Feb 04 2022 64.0 Call at $0.80
Sold 1 TNA Feb 04 2022 63.0 Call at $0.86
Sold 1 TNA Feb 04 2022 62.0 Call at $0.99
Paired with TNA ITM Bull Put spreads rolled over last week.
SPY
#ShortPuts – Taking over half with 46 days to go. Probably get a chance to sell it again.
Bought to Close SPY MAR 18 2022 375.0 Put @ 2.49 (sold for 5.30)
TQQQ Covered Call Ladder
Sold TQQQ Feb 04 2022 65.0 Call at $0.30
Sold TQQQ Feb 04 2022 65.5 Call at $0.27
Sold TQQQ Feb 04 2022 66.0 Call at $0.24
-SPX
OptionsExpiration
Expired:
LABU 25.0 Covered Calls
RIVN 73.0 Diagonal Calls
RIVN 185/70 Bear Call Spread
TNA 100/67 Bear Call Spread
TNA 80/67 Bear Call Spread
TQQQ 64.5 Covered Call
TQQQ 65.0 Covered Call
TQQQ 65.5 Covered Call
TQQQ 80/65 Bear Call Spreads
TQQQ 87.5/65 Bear Call Spreads
TSLA 1,200.0 Diagonal Call
VXX 23.5 Diagonal Calls
VXX 24.0 Diagonal Calls
VXX 25.0 Diagonal Calls
VXX 26.0 Diagonal Calls
VXX 26.5 Diagonal Calls
VXX 27.0 Diagonal Calls
VXX 27.5 Diagonal Calls
VXX 37/27.5 Bear Call Spread
VXX 38/27.5 Bear Call Spread
VXX 20.0 Diagonal Puts – #VXXContango
XLV 127.0 Diagonal Puts – the only other put (other than VXX) that expired in this week’s market.
Rolled all the others in RIVN, TNA, TQQQ, TSLA and XLV for tiny credits.
Assignments:
Unable to roll these out a week for any credit –
LABU 34.0 Puts (adjusted stock cost after put premium is 26.30)
LABU 32.0 Put (adjusted stock cost after put premium is 18.60)
VXX Calls for next week
At the close – hitting the bid because I had 3 extra long calls in future weeks
Sold to Open 1 VXX Feb 04 2022 29.0 Call at $0.31
Sold to Open 1 VXX Feb 04 2022 28.0 Call at $0.38
Sold to Open 1 VXX Feb 04 2022 27.0 Call at $0.50
VXX at 22.99
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 31st 4245/4265-4535/4555 condors for 1.65, SPX at 4424, IV 19.3%, deltas -.06 +.06
Expiring: Jan 28th 4150/4170-4465/4485 condors, sold yesterday for 1.65
TSLA Put
Bought to close 1 TSLA Jan 28 2022 730.0 Put at $0.01. Sold on Tuesday before earnings at $2.29
TQQQ Covered Call Ladder
Sold TQQQ Feb 04 2022 63.5 Call at $0.41
Sold TQQQ Feb 04 2022 64.0 Call at $0.39
Sold TQQQ Feb 04 2022 64.5 Call at $0.33
TQQQ at 54.50
VXX Call Rollups
Starting rolls because VXX is bouncing and it could get crazy at the close.
Gaining a nice bump in the short strike prices along with the positive cash flow.
Bought to close 1 VXX Jan 28 2022 23.0 Call / Sold to Open 1 VXX Feb 04 2022 25.5 Call at $0.22 Credit
Bought to close 1 VXX Jan 28 2022 22.5 Call / Sold to Open 1 VXX Feb 04 2022 23.5 Call at $0.32 Credit
Bought to Close VXX Jan 28 2022 21.5 Calls / Sold to Open VXX Feb 04 2022 22.0 Calls at $0.05 Credit.
Waiting out my 23.50 and 24.0 Calls until near the close
My Calls at 25.0 and higher will most likely expire.
Hoping for less volatility next week.
TQQQ,
STO March 18, 70/85/90 BWB at.84
TNA
#CoveredCalls – Still keeping them ITM.
Bought to Close TNA JAN 28 2022 55.0 Call @ .27 (sold for 21.80)
Sold TNA FEB 4 2022 45.0 Call @ 8.50 (sold 50 first then rolled down to 45)
It’s crazy KOLD today
Sold KOLD1 Feb 18 2022 5.0 Puts at $0.50.
Sold against fully paid for long KOLD1 May 3.0 Puts.
All my longs are now fully covered
#DoubleDip
TSLA Call
Bought to close 1 TSLA 01/28/2022 1,000.00 Diagonal Call at $0.01.
Sold on a rollup last Friday at $60.67
Leaves a fully paid for TSLA Feb 1200 Call that I might sell or write against again.
Tiny stock buys
Another day, another batch of #SP500 #FallingKnife trades
Added to my positions in:
CDAY at $68.00
ILMN at $319.00
Started new positions in:
AAL at $15.00
MMM at 163.38
SWK at $169.00
VFC at $65.18
WDC at $49.20
SPY
#JadeLizards – On the slight bounce at the open added some hedges. Selling ITM bear call spreads against short puts. There is slight upside risk in one but both trades combined have no upside risk. Nice downside protection though.
Sold SPY FEB 18 2022 410.0/430.0 Bear Call Spread @ 14.75
Now Feb 430/410/430 Inverted Jade Lizard? @ 18.35
Sold SPY MAR 18 2022 400.0/415.0 Bear Call Spread @ 11.75
Now Mar 415/400/415 Inverted Jade Lizard @ 16.80
XBI
#ShortPuts – Adding.
Sold XBI FEB 18 2022 80.0 Put @ 2.35
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 26th 4150/4170-4465/4485 condors for 1.65, SPX at 4333, IV 32.1%, deltas -.04, +.07.
When I set this trade deltas were .06/.06… it filled a few seconds later when the SPX spiked up just a bit, but deltas move very quickly in this market.
EWZ
#ShortPuts – Completely out of what has been a decent size position last couple months. Looking to re-load in March if it comes back down after this run.
Bought to Close EWZ FEB 18 2022 29.0 Puts @ .47 (sold for 1.20)
Bought to Close EWZ FEB 18 2022 30.0 Put @ .76 (sold for 1.65)
Bought to Close EWZ FEB 18 2022 31.0 Put @ 1.17 (sold for 2.35)
Bought to Close EWZ FEB 18 2022 32.0 Puts @ 1.69 (sold for 3.42)
Bought to Close EWZ FEB 18 2022 33.0 Puts @ 2.39 (sold for 4.10)
It’s KOLD out there
Sold KOLD1 Feb 18 2022 8.0 Put (pre-split contract) at $0.95 against a long August 4.0 Put already long and paid for.
Sold KOLD1 Feb 18 2022 7.0 Puts (pre-split contract) at $0.60 against long May 4.0 Puts already long and paid for.
#DoubleDip
Quote of the day from Twitter
2022 YTD performances… but we are not in a bear market…
$SHOP -38.28%
$NFLX -35.63%
$SQ -26.72%
$MDB -32.44%
$SPOT -26.27%
$DOCU -24.71%
$CMG -22.37%
$TEAM -21.05%
$TSLA -18.17%
Honorable mentions:
$GME -35.65%
$AMC -45.66%
Nothing to see here…
NLSN TER TROW Stocks
More tiny buys of #SP500 stocks at new lows
Started a new position in NLSN at $18.15
Started a new position in TER at $103.02 after #Earnings collapse (40 point air pocket on earnings)
Started a new position in TROW at $150.00
#FallingKnife
VXX Calls
Did puts earlier, now some calls
Sold VXX Jan 28 2022 27.5 Calls at $0.21, $0.22 and $0.23.
The spike high on VXX this week was Monday at 27.84 when the VIX index was above 38. I don’t see that happening again this week.
VXX currently at 23.60
INTC MKTX Stock
Starting a tiny new position in INTC stock at its old 52-week low.
Bought INTC at $47.87
Added MKTX at $329.54. My last trade was to sell a bit of this at $415.00 for a small gain on 12/15/2021.
#SP500 #FallingKnife
SOXL TQQQ
#CoveredCalls – Covering some stock early that will be assigned tomorrow.
Sold SOXL FEB 4 2022 47.0 Calls @ 1.85
Sold TQQQ FEB 4 2022 59.0 Calls @ 2.15
VXX Puts
Bought to open VXX Mar 18 2022 10.0 Puts at $0.01
Sold to Open VXX Feb 04 2022 19.0 Puts at $0.20
Short DTE = 8
Long DTE = 50
The long side of the spread is just to lower the margin requirements by 10 points per contract vs. a outright sale of the put as a cash backed trade.
And it’s an ultra-cheap lottery ticket.
#VXXContango
SPXpire
Well, my same-day gamble paid off and helped mitigate my loss on my one-day long condor. First one I sold in a few weeks, and sure enough, it was another loss. The range on each tick today was so big I just didn’t have the confidence to play the swings.
Expired for credit of 12.74: Jan 26th 4360/4340 put spreads. Condors bought yesterday for 18.00, so loss of 5.26.
Expired worthless: 4490/4510 call spreads, sold earlier today for 4.00.
Expired worthless: 4155/4175-4500/4520 condors, sold yesterday for 1.95.
So only a .69 profit for the day.
VXX Calls
Puts this morning, more calls now
Sold VXX Jan 28 2022 27.0 Calls at $0.94.
VXX at 24.33
PAYC Stock
Started a new tiny position in PAYC at $298.23 as it reached its 52-week low
#SP500 #FallingKnife
SOXL
#CoveredCalls – Another batch.
Bought to Close SOXL JAN 28 2022 55.0 Calls @ .05 (sold for 2.53)
Sold SOXL FEB 4 2022 48.5 Calls @ 1.35
RIVN TNA Calls
On the FED market bump:
Sold RIVN Jan 28 2022 73.0 Diagonal Calls at $0.58
Sold RIVN Jan 28 2022 70.0 Diagonal Calls at $0.74
Sold TNA Jan 28 2022 67.0 Diagonal Calls at $0.75
Volatility
And here comes the $VIX and /VX futures back down
Fed decision…
…in 5 minutes (2pm ET, 11am PT)
LABU Covered Calls
Sold LABU Jan 28 2022 25.0 Covered Calls at $0.17
TQQQ,
BTC February 45 put at 1.99, sold at 2.03, happy to take the risk off the table. I have 3 more positions to cover in the TQQQ and I will be flat in the TQQQ.
VXX Puts
All my short VXX Puts are gone so I’m starting a new Spread
Bought to open VXX Mar 18 2022 14.0 Puts at $0.19
Sold to Open VXX Jan 28 2022 20.0 Puts at $0.29
Long DTE = 51
Short DTE = 2
No margin cost because of all my VXX Bear Call Spreads
#VXXContango
ARKK
What’s more fun to ridicule than just one ARKK ETF? A 2x leveraged ARKK ETF that experiences twice the “performance” of its underlying.
Though we’re not sure why anyone would want to replicate ARKK’s performance to a 2x degree, but for the idea that the “Innovation” ETF is due for a massive rebound, that appears to be exactly what is happening.
A filing on Tuesday with the Securities and Exchange Commission has introduced the AXS 2X Innovation exchange-traded fund (ticker TARK), which seeks to target 200% of the “performance” of the ARK Innovation Fund, according to Bloomberg Wednesday morning.
SOXL TQQQ
#CoveredCalls – Covering the shares I’ve been dip buying.
Sold SOXL FEB 4 2022 47.5 Call @ 2.65
Sold TQQQ FEB 4 2022 60.0 Call @ 2.50
TSLA
#Earnings tonight for those still interested
Here’s what analysts expect from the results, according to consensus estimates compiled by Bloomberg:
Revenue: $16.64 billion expected vs. $13.76 billion previous
Adjusted earnings per share: $2.37 expected vs. $1.86 previous
ILMN Stock
Another #SP500 stock at a new low
Started a tiny position in ILMN at $341.03.
#FallingKnife
SOXL TQQQ
#LongStock – More tiny buys after hours yesterday on the MSFT dip.
Bought SOXL @ 39.60
Bought TQQQ @ 51.25
TNA Calls
Sold TNA Jan 28 2022 70.0 Diagonal Calls at $0.57 and $0.60
TNA at 59.63
SPX trades
#SPX1dte Sold to Open $SPX Jan 26th 4155/4175-4500/4520 condors for 1.95, SPX at 4352, deltas -.07 +.06, IV 36.5%
#SPX5dte Bought to Open $SPX Jan 26th 4340/4360-4370/4390 condors for 18.00, with SPX at 4353.
This is under the “5dte” moniker but it’s only a one-day trade. Pretty good bet each day will swing us at least 20 points away, but I’m only comfortable doing it away from an even 100 multiple…. SPX closes (like yesterday) seem to gravitate toward 00’s.
VXX Calls
Sold VXX Jan 28 2021 26.5 Diagonal Calls at $1.02
VXX at 23.82
TSLA Put
For #Earnings
Sold 1 TSLA Jan 28 2022 730.0 Put at $2.29
TSLA at 948
TQQQ Covered Call Ladder
Sold TQQQ Jan 28 2022 64.0 Call at $0.48
Sold TQQQ Jan 28 2022 64.5 Call at $0.42
Sold TQQQ Jan 28 2022 65.0 Call at $0.38
TQQQ at 56
SPY head & shoulder
$SPY On 1/13 I posted about a completed head & shoulder on the daily. If we just went with pure technicals/measured move then the projected moved down would have been around 23 points from the top of the head to the neckline. Going 23 points down from there to calculate measured move would bring us to around SPY 433. Currently trading near there at 432.50.
Of course this is a minimum measured move but still notable IMO. For what it’s worth.
SOXL TQQQ
#LongStock – More tiny buys here. Just a few shares at a time.
Bought SOXL @ 39.60
Bought TQQQ @ 52.10
SVXY
#ShortPuts – Hard to believe this thing is still above 50. Adding to the bottom of the ladder.
Sold SVXY MAR 18 2022 40.0 Put @ 2.45
NFLX put spread
Sold $NFLX Feb 18 350/340 bull put spread @ 2.55. IV rank 87.
More Tiny Stock buys
Added GLW at $34.00
Added CHTR at $565.00
Added BF/B at $65.00
Added BIIB at $215.77
#SP500 #FallingKnife
UVXY call spreads
Sold to open Mar 18 30/40 bear call spread @ 1.10
Worden charts
T2108
T2122
Market,
This is getting ugly.
SPX stopped
#SPX1dte Stopped was hit: bought to close $SPX Jan 24th 4230/4210 put spreads for 3.00. Condors sold for 1.35 on Friday.
XBI
#ShortPuts – With VIX 35 I’ve gotta sell something. LOL Adding one here…
Sold XBI FEB 18 2022 85.0 Put @ 3.50
SOXL TQQQ
Tiny Stock Buys
Adding to my #SP500 portfolio of stocks with the tiniest of stock buys this morning
Added ADSK at $234.08
Added AES at $22.00
Added ALGN at $425.00
Added CDAY at $73.00
Added DIS at $134.00
Added ECL at $190.00
Added IPGP at $144.00
Added PYPL at $156.03
Added QRVO at $131.62
Added ROST at $93.50
New MTCH position at $112.61
New NFLX position at $378.54
New ROL position at $31.00
Not an #SP500 stock but added to my COIN position at $158.00
Very much #FallingKnife trades in an IRA with plenty of cash.
T2108
Bouncing around 14
SPY
#ShortPuts – Sold SPY MAR 18 2022 375.0 Put @ 5.30
OptionsExpiration
Expired:
KOLD1 9.0 Diagonal Put
KOLD1 8.0 Diagonal Put
KOLD1 7.0 Diagonal Puts
LABU 50/25 Bear Call Spreads
LABU 25.0 Covered Calls
TNA 90/70 Bear Call Spreads
TQQQ 95/73 Bear Call Spread
TQQQ 83.5/73 Bear Call Spread
TQQQ 83.5/70 Bear Call Spread
TQQQ 83/70 Bear Call Spreads
TSLA 710/880 Bull Put Spread
TSLA 710/900 Bull Put Spread
VXX 10/16.5 Bull Put Spreads
VXX 15/17 Bull Put Spreads
VXX 50/23.5 Bear Call Spread
VXX 49/23.5 Bear Call Spread
VXX 48/23.5 Bear Call Spread
VXX 47/23.5 Bear Call Spread
Assignments:
TQQQ 74.75 Short Puts (not able to roll them for even a tiny credit)
Adj cost after put premium = 69.90
VXX Calls
Hopefully the last roll
Bought to close VXX Jan 21 2022 23.0 Calls at $0.24. Sold last Friday at $0.34
Replaced them with VXX Jan 28 2022 25.0 Calls at $1.38
Bought to close VXX Jan 21 2022 23.0 Calls at $0.24. Sold this week at $0.16 and $0.25
Replaced them with VXX Jan 28 2022 26.0 Calls at $1.19
SPX trades
#SPX1dte Sold to Open $SPX Jan 24th 4210/4230-4545/4565 condors for 1.35, SPX at 4414, IV 23.4%, deltas -.07 +.05
Expiring worthless: Jan 21st 4325/4345-4570/4590 condors, sold yesterday for 1.30.
LABU Put Rolldown
Rolled LABU Jan 21 2022 21.0 Put to LABU Jan 28 2022 20.0 at $0.02 Credit
TSLA Call
Bought to close 1 TSLA Jan 21 2022 1,150.0 Diagonal Call at $0.01. Sold Last Friday on a rollup at $5.05.
Sold 1 TSLA Jan 28 2022 1,200.0 Call at 2.63. I own the Feb monthly 1200 call so at least no upside risk for this position through #Earnings next week.
SVXY
#ShortPuts – One more.
Sold SVXY MAR 4 2022 45.0 Put @ 2.20
TSLA
Well, my call spread is working fine but I got cute once too often with the offsetting put and had to roll it.
Bought to close TSLA Jan 21 2022 965.0 Put / Sold to Open 1 TSLA Jan 28 2022 880.0 Put at $0.15 Credit
TQQQ Puts
Sold TQQQ Jan 28 2022 45.0 Puts at $0.40.
Pretty darn generous considering the stock is bouncing around the 58-62 range today (and the massive drop in NFLX is already in the price)
XLV Puts rolled down
I was wrong when I thought these would expire when the stock was over 133 just yesterday.
Bought to close XLV Jan 21 2022 132.0 Puts / Sold to Open XLV Jan 28 2022 131.5 Puts at $0.40 Credit.
Plus lowered the strike another fifty cents
SVXY
#ShortPuts – Adding one.
Sold SVXY FEB 25 2022 50.0 Put @ 2.60
VXX Call Rollup
Bought to close VXX Jan 21 2022 21 Calls / Sold to Open VXX Jan 28 2022 23.5 Calls at $0.08 Credit.
Added 2.5 points to the short strike
26 counting this market!
VXX Call Rolled up
Just in case it’s crazy at the close
Bought to close VXX Jan 21 2022 22.5 Calls at $0.43
Sold to open VXX Jan 28 2022 24.0 Calls at $1.08.
$0.65 Credit AND bumped the strike up 1.50 points
