Bought to close $SPXW Oct 13 4295/4320/4450/4480 iron condor @ 5.15 for 1.05 loss (sold for 4.10 yesterday) with SPX showing weakness into the close.
Recent Updates Page 129
BABA pre earnings
#ShortPuts – Sold BABA OCT 29 2021 150.0 Put @ 2.50
CTXS FIS GPN LW T
The broad averages are not showing it, but this is the most number of #SP500 stocks to hit new lows in a while.
All of these are currently paying dividends too.
Bought CTXS at $92.14
Bought FIS at $115.00
Bought GPN at $149.75
Bought LW at $55.00
Bought T at $25.83
Tiny buys – #FallingKnife trades
New SPX IC
Sold to open $SPX Oct 15 (AM) 4250/4275/4430/4455 iron condor @ 4.15. Short puts 12∆, short calls 13∆. Expiration is Friday morning (for all intents and purposes Thursday end of day).
TQQQ,
BTC October 15, 90 put at .05, sold at 1.25
The market seems to fade a lot in the afternoon these days. We seem to be in a corection or the start of a bear market. Time will tell.
SPX trades
#SPX7dteLong Sold to close $SPX Oct 13th 4415/4395 put spreads for 16.75. Still holding call side. Condors bought for 16.85 last Thursday. In the recent volatility I have been letting these expire, but after yesterday’s drubbing I need to return to closing these on swings.
SPX expiration
$SPXW Oct 11 4430/4455 bear call spread expired for full profit. Sold for 2.40 on Friday at the close.
VXX Call
Puts sold this morning, Calls this afternoon
Sold VXX Oct 15 2021 28.0 Covered Calls at $0.23, $0.24 and $0.25
Sold VXX Oct 15 2021 28.5 Covered Calls at $0.22 & 0.23
Sold VXX Oct 15 2021 29.0 Covered Call at $0.21
SPX trades
#SPX7dteLong Bought to Open $SPX Oct 15th 4355/4375-4385/4405 condors for 17.20, with SPX at 4384.
SPX 10/13
Sold $SPXW Oct 13 4295/4320/4450/4480 iron condor @ 4.10, short puts 13∆, short calls 12∆
LABU Call
Sold 1 LABU Oct 15 2021 57.0 Diagonal Call at $0.92 replacing the 54 Calls that expired Friday
Closing SNAP
Bought to close $SNAP Oct 15 70 puts @ .25. Sold for 1.61 on 9/21.
VZ Stock
Bought a bit of this high yield #SP500 stock at a new low of $53.19.
#FallingKnife
TNA
Sold 1 TNA Oct 15 2021 90.0 Diagonal Call at $1.05 replacing the 88.0 Call that expired Friday.
The new strike is above last week’s high.
SPY Put Close
#shortputs
$SPY BTC 10/15/2021415 put at .20. STO at 3.04. Thank you @fuzzballl
VXX Puts
Some new #VXXContango trades.
Bought to open VXX Jan 20 2023 5.0 Puts / Sold to Open VXX Oct 15 2021 24.0 Puts at $0.05 Credit
Long DTE = 466
Short DTE = 4
Bought to open VXX Nov 19 2022 5.0 Puts / Sold to Open VXX Oct 15 2021 23.5 Puts at $0.05 Credit
Long DTE = 403
Short DTE = 4
SQQQ SLV
Sold 1 SQQQ Oct 22 2021 9.0 Covered Call at $0.23.
Sold SLV Oct 15 2021 21.5 Covered Calls at $0.09
TQQQ
Sold 1 TQQQ Oct 15 2021 134.0 Diagonal Call at $1.12 replacing calls expired on Friday.
The strike is above last week’s high.
Expirations
$TLT Oct 8 150/155 bear call spread
$TQQQ Oct 8 110 put
$TQQQ Oct 8 115 put
$UVXY Oct 8 25/35 bear call spread
$SPXW Oct 8 4350/4375/4455/4480 iron condor. This trade was part of an adjustment from the original 4235/4260/4425/4450 iron condor I entered on Wed (10/6). After a put spread rollup and a re-centering of the strikes I was able to pretty much breakeven (.35 profit) but there were definitely some mistakes I made on this one. First and foremost, I did not take into account today’s jobs report; with a really busy day yesterday I just missed it. With SPX closing 25 points above the short puts yesterday I never would have left the position on overnight. I also would have kept the original trade on a much shorter leash since a big gap down today would have limited adjustment opportunities. The market’s muted reaction to the miss on the jobs report this morning allowed me to scratch the trade overall but I’m chalking this one up to fortuitousness rather than any great skill on my part. I’ll take it since I’ve certainly been on the other side of things when luck came into play but every trade is a learning experience, especially the mistakes. But I’m definitely glad to be out for an overall profit this week on SPX trades.
Have a great weekend everyone.
OptionsExpiration
Another pretty good week. FYI: Bond markets closed on Monday.
==Expired==
AMC 10/08/2021 20/33 Bull Put Spreads
LABU 10/08/2021 54.0 Diagonal Calls
LABU 10/08/2021 51.0 Diagonal Put
LABU 10/08/2021 50.0 Diagonal Put
SQQQ 10/08/2021 8.5 Covered Calls
TLRY 10/08/2021 13.5 Diagonal Calls #Earnings
TLRY 10/08/2021 13.0 Covered Calls #Earnings
TLRY 10/08/2021 10.0 Diagonal Puts #Earnings
TLRY 10/08/2021 9.5 Diagonal Puts #Earnings
TNA 10/08/2021 88.0 Diagonal Call
TQQQ 10/08/2021 132.0 Diagonal Call
TQQQ 10/08/2021 131.0 Diagonal Call
TQQQ 10/08/2021 130.0 Diagonal Call
VXX 10/08/2021 45/34 Bear Call Spread
VXX 10/08/2021 34.0 Diagonal Calls
VXX 10/08/2021 33.0 Diagonal Calls
VXX 10/08/2021 32.0 Diagonal Calls
VXX 10/08/2021 31.0 Diagonal Calls
VXX 10/08/2021 28.0 Covered Calls
==Assignments==
SLV 10/08/2021 23.0 Puts. – adjusted cost after put premium = $20.50
Expiration
#optionsexpiration
$PFE 44 call
$SPXW 4235/4260/4470/4445 STO at 3.95
$SPXW 4230/4255/4450/4425 STO at 3.75 Thank you @ramie77 for inspiration
LABU Put
Bought to close 1 LABU Oct 08 2021 52.0 Put at $0.20 as it dropped in the money. Sold last Friday at $1.40.
Replaced it with 1 LABU Oct 15 2021 49.0 Put at $1.25.
SPX Monday call spread
Trying something for this weekend. Sold Oct 11 4430/4455 bear call spread @ 2.40, short calls 15 delta. I’m more concerned with big gaps down over the weekend, not as much with big gaps up. I’m fading the idea of a 40 point gap up on Monday morning with SPX around 4391 right now. Will look to take off quickly on Monday morning. Just running some stuff through the lab 🙂
TSLA pre earnings
#ShortPuts – A one week quickie at over 2 times the expected move and below all major moving averages and at recent lows.
Sold TSLA OCT 15 2021 675.0 Put @ 2.45
VXX Puts
Bought to close VXX Oct 08 2021 24.5 Puts at $0.01.
#VXXContango trade.
SPX 1 DTE
#spx1dte
$SPX STO 10/11 4300/4320/4455/4475 at 1.20 SPX at 4400
SPX trades
#SPX1dte Sold to Open $SPX Oct 11th 4290/4310-4450/4470 condors for 1.20, SPX at 4396, IV 10.5%, deltas -.06 +.06
Expiring: Oct 8th 4310/4330-4465/4485 condors, sold yesterday for 1.10
#SPX7dteLong Expiring with max credit of 20.00: Oct 8th 4300/4320 call spreads. Condors bought Monday for 17.90.
LABU
#ShortPuts – A few more.
Sold LABU OCT 22 2021 45.0 Puts @ 1.00
Sold LABU OCT 22 2021 47.5 Puts @ 1.57
LABU
#ShortPuts – Pretty good week in this one. Re-loading here.
Bought to Close LABU OCT 8 2021 51.0 Puts @ .05 (sold for 1.15)
Bought to Close LABU OCT 8 2021 52.0 Puts @ .10 (sold for 1.40)
Bought to Close LABU OCT 8 2021 53.0 Puts @ .58 (sold for 1.75)
Sold LABU OCT 15 2021 50.0 Puts @ 1.39
Sold LABU OCT 15 2021 51.0 Puts @ 1.72
TSLA Call Roll
Bought to close 1 TSLA Oct 08 2021 810.0 Call at $0.01. Sold last Friday at $7.05.
Sold to Open 1 TSLA Oct 15 2021 810.0 Call at $6.81.
This is the 3rd write against my long December 1000.0 Call. I’ve recovered over twice the purchase price.
#TripleDip
LABU Call Roll
Bought to close 1 LABU Oct 08 2021 54.0 Call at $0.04. Sold this one on 10/07 at $0.57. I sold others higher.
To replace it, Sold to Open 1 LABU Oct 15 2021 55.0 Call at $1.14.
Still waiting out other puts and calls until the close
INMD Call Close / TQQQ Put Close
#coveredcalls
$INMD BTC 10/15 77.50 call at 1.00. STO at 2.75
#shortputs
$TQQQ BTC 10/15 90 put at .10. STO at .83
VXX Covered Calls
Bought to close VXX Oct 08 2021 35.0 Calls at $0.01. Sold at an average of $0.98
VXX Put Roll
I obviously didn’t see this market rebound coming on Monday so I have some VXX Puts to roll.
Bought to Close VXX Oct 08 2021 25.5 Puts/ Sold to Open VXX Oct 15 2021 25.0 Puts at $0.17 Credit plus gained a $0.50 better strike
SOXL
#ShortPuts – Adding one.
Sold SOXL NOV 19 2021 35.0 Put @ 2.15
TQQQ
#ShortPuts – Replacing positions closed yesterday. Selling at or outside the expected move and below the 200 day.
Sold TQQQ NOV 12 2021 105.0 Put @ 3.00
Sold TQQQ NOV 12 2021 110.0 Put @ 4.00
TQQQ Put Rolldowns
While I was rolling up my call, I was rolling down my 2 puts
Bought to close 1 TQQQ Oct 08 2021 123.0 Put at $0.14. Sold last week at $2.75.
Bought to close 1 TQQQ Oct 08 2021 124.0 Put at $0.17. Sold last week at $3.51.
Sold to open 1 TQQQ Oct 15 2021 119.0 Put at $1.31 and
Sold to open 1 TQQQ Oct 15 2021 120.0 Put at $1.49 to replace them.
So for next week I have short TQQQ 119/125 and 120/127 short strangles
TQQQ Call Rollup
Bought to close 1 TQQQ Oct 08 2021 124.0 Call at $5.81. Sold on a rollup on 09/29 at $7.02.
Sold to Open 1 TQQQ Oct 15 2021 127.0 Call at $5.88 to replace the position just covered at a small credit and a 3 point bump in the short strike.
Felling a bit better about my 130, 131 and 132 Calls that expire this afternoon.
September Jobs Report
#Jobs — Second month in a row below expectations, lowest increase of the year
Gain of +194,000 non-farm payroll jobs, vs. expected gain of 500K.
Unemployment at 4.8%, down by 0.4
U6 unemployment at 8.5%, down by 0.3
Labor force participation 61.6%, down by 0.1%
Average hourly earnings up 0.6% vs expected .4%
August jobs revised up by +131K to +366K
July jobs revised up by +38K to +1.091M
CRWD Put Close
#shortputs
$CRWD BTC 10/8 247.50 at 1.59. STO at 7.72.
TQQQ,
STO November 19, 80 put at 1.13
SPX trades
#SPX7dteLong Earlier: Bought to Open Oct 13th 4395/4415-4425/4435 condors for 16.85, with SPX at 4418.
#SPX1dte Sold to Open $SPX Oct 8th 4310/4330-4465/4485 condors for 1.10, SPX at 4410, IV 13.4%, deltas -.06 +.06
SPY
#ShortPuts – One more. Almost half 43 days early.
Bought to Close SPY NOV 19 2021 400.0 Put @ 2.45 (sold for 4.46)
PINS
#CoveredCalls – Still working back to even in this pig.
Bought to Close PINS OCT 8 2021 54.0 Calls @ .05 (sold for 1.09)
Sold PINS OCT 22 2021 54.0 Calls @ .91 (week before earnings)
VXX Covered Call
Bought to close 1 VXX Oct 08 2021 36.0 Covered Call at $0.02. Sold at $1.22
TQQQ Call Rollup
Bought to close 1 TQQQ Oct 08 2021 123.0 Call at $7.65. Sold on a rollup on 09/29 at $8.69.
The short TQQQ 123.0 Put paired with it looks to expire tomorrow.
Sold to Open 1 TQQQ Oct 15 2021 125.0 Call at $7.90 to replace the position just covered at a small credit and a 2 point bump in the short strike
SPX closing and re-establishing
Moving the structure up and after this face-ripping rally in the SPY.
Bought to close $SPXW Oct 8 4330/4355/4425/4450 iron condor @ 13.50 (loss of 7.40)
Sold to open $SPXW Oct 8 4350/4375/4455/4480 iron condor @ 7.75
SPX roll up
Rolled $SPXW Oct 8 4260/4235 bull put spread up to 4355/4330 for 2.10 credit. Short strike 16 delta. Position is now 4235/4260/4425/4450 iron condor with 6.10 total premium taken in.
LABU TQQQ VXX – 1dte
Sold LABU Oct 08 2021 54.0 Calls at $0.95
Sold 1 TQQQ Oct 08 2021 132.0 Call at $1.49
Sold VXX Oct 08 2021 25.0 Puts at $0.18 and $0.22
SOXL SPY TQQQ
#ShortPuts #LongStock – Taking a few off here.
SOXL: Sold stock pre market.
Sold SOXL @ 40.78 (bought for 36.75)
SPY: Pushing up against resistance so taking these.
Bought to Close SPY OCT 15 2021 415.0 Put @ .49 (sold for 2.90)
Bought to Close SPY OCT 29 2021 410.0 Put @ 1.53 (sold for 4.05 yesterday)
TQQQ: A few more.
Bought to Close TQQQ OCT 8 2021 115.0 Put @ .10 (sold for 2.35)
Bought to Close TQQQ OCT 8 2021 120.0 Put @ .21 (sold for 2.30)
SPX expiration
$SPXW Oct 6 4165/4190/4385/4410 iron condor expiring for full profit. Sold for 4.10 on Oct 4.
VXX1 Puts
Dumping the last of my long VXX Pre-split 4.0 Puts at a small gain. There is really no good way to write against these anymore.
Sold VXX1 Jan 21 2022 4.0 Puts at $0.14.
The wonders of limit orders 🙂
#VXXContango
TLRY Options
#Earnings just around the corner and both the put and call premiums for Friday suddenly expanded in the last few minutes.
Sold TLRY Oct 15 2021 9.0 Puts at $0.25.
Sold TLRY Oct 08 2021 9.5 Puts at $0.28.
Sold TLRY Oct 08 2021 13.0 Calls at $0.26.
Sold TLRY Oct 08 2021 13.5 Calls at $0.13.
Stock at $10.90 down $0.20
VXX Puts
Sold 1 VXX Oct 08 2021 25.5 Put at $0.25. It traded as low as $0.07 this morning.
Paired with a whole bunch of short VXX 28.0 Calls sold this morning and hedged with plenty of long puts in 2022.
SPX 3 day trade for Friday expiration
Sold to open $SPXW Oct 8 4235/4260/4425/4450 iron condor @ 4.00 with SPX at 4355. Short puts 13∆, short calls 12∆.
TQQQ,
BTC October 8,95 put at .05,sold at 1.10
AMGN Stock
Another #SP500 stock hits a new low.
Bought a bit of AMGN at $210
#FallingKnife
LABU,
BTC January 21, 25 puts at 1.25 at 1.25, sold at 1.59
SOXL,
BTC November 19, 20 put at .38, sold at 2.00
BTC January 21, 20 put at 1.15, sold at 1.15
BTC January 21, 30 put at 3.36, sold at 2.40 so taking a loss.
Both SMM and Minervini are negative on the market so just reducing risk and freeing up margin.I still have a lot of TQQQ puts out to January.
SPY
#ShortPuts – Adding in between my two monthly positions. Just outside the expected move and slightly below the 200 day.
Sold SPY OCT 29 2021 410.0 Put @ 4.05
#Gamma Can anyone explain the…
#Gamma
Can anyone explain the Gamma effect to me?
SOXL
#ShortPuts – Add to the ladder.
Sold SOXL NOV 12 2021 35.0 Put @ 2.75
TLRY Puts
Sold TLRY Oct 08 2021 10.0 Puts at $0.26
Paired with the short TLRY Oct 08 2021 13.0 and 13.5 Calls sold yesterday.
#Earnings tomorrow
COIN SOXL UNG
#ShortPuts #LongPuts – Just catching up on a couple while out on the road. Next week is my bigger week…
COIN: Wild ride on this one so taking the gain here.
Bought to Close COIN OCT 8 2021 230.0 Put @ .70 (sold for 3.60)
SOXL: In a smaller account different from my short put positions.
Bought stock pre market @ 36.75 (one tenth position size)
UNG: Took profits on a batch of long puts.
Sold to Close UNG JAN 20 2023 10.0 Puts @ 1.15 (bought for .88 average)
SPX trades
#SPX7dteLong Sold to close $SPX Oct 6th 4340/4320 put spreads for 10.90. Still holding call side for any additional bounce today. Condors bought for 17.90 last Thursday.
FIS INCY MKTX stock
Bought a tiny bit of these at fresh 52-week lows
FIS @ $119.17
INCY @ $64.88
MKTX @ $404.00
#SP500 #FallingKnife
VXX Calls
Sold VXX Oct 08 2021 28.0 Covered Calls at $0.66 and again at $0.78.
Took some of the cash and bought one more Jan 21 2022 18.0 Put at $0.60.
#VXXContango
TNA Call
Sold 1 TNA Oct 08 2021 88.0 Call at $1.29
TQQQ Call
Sold 1 TQQQ Oct 08 2021 130.0 Call at $1.01
Closing ABBV
Bought to close $ABBV Oct 15 105 puts @ .60. Sold for 1.62 on 9/8.
KOLD Diagonal Spread
Bought to Open 1 KOLD May 20 2022 3.0 Put at $0.90
Sold to Open 1 KOLD Oct 15 2021 6.0 Put at $0.95.
We will see if the Nat Gas rally is still on in 9 trading days.
Pretty low risk speculation.
SPX trades
#SPX7dteLong Bought to Open $SPX Oct 11th 4335/4355-4365/4385 condors for 17.40, with SPX at 4360.
TLRY
Sold TLRY Oct 08 2021 13.0 Covered Calls at $0.15
Sold TLRY Oct 08 2021 13.5 Covered Calls at $0.11
SOXL,
BTC October 15, 35 put at 1.10, sold at 1.20, just want to reduce risk and free up margin.
PCAR – Paccar Inc
Bought a tiny bit of PACR at a new low of $78.00 on the open and at a new low.
IPGP – IPG Photonics Corp
Bought a tiny bit of IPGP at a new low of 156. It went a it lower after the open.
I’ll add at 150 if it gets there.
#SP500 #FallingKnife
Options Bistro 