LABU Put Spread & re-write

Bought to open 1 LABU Apr 23 2021 55 Put / Sold to Open 1 LABU Mar 26 2021 80.0 Put at $0.55 Credit.
This pairs off with the LABU Call spreads I sold yesterday at 105 & 110
LABU is 85, down almost 19 points.

Also sold 1 LABU Mar 26 2021 75.0 Put at $1.31 against a long April 45.0 Put left over from an earlier spread.
#DoubleDip

SPY

Sold 1 SPY Mar 24 2021 395 Call at $1.11 against some April long calls left over from old spreads.
#DoubleDip

LABU

Sold 1 LABU Mar 26 2021 110 Call at $3.20 against my existing long April 135 Call.
#DoubleDip as last week’s short strike 100 call expired Friday.

UVXY

Sold to Open UVXY Mar 12 2021 8.0 Puts at $0.16.
#DoubleDip write against Long April and June strike 5 puts.
#UVXYContango

UVXY is 8.35

SPY Put Rolldown

Bought to close 1 SPY Feb 26 2021 377.0 Put at $0.01. Sold @ 1.51 on 02/23.
Sold to Open 1 Contract SPY Mar 05 2021 370.0 Put @ 1.43.
#DoubleDip Sale on my long March 150 Put and 7 points lower

VXX Calls

Sold VXX 02/26/2021 18.00 Diagonal Calls @ 0.33 & 0.34
Sold VXX 02/26/2021 18.50 Diagonal Calls @ 0.29 & 0.30
Sold VXX 02/26/2021 19.00 Diagonal Calls @ 0.22, 0.26 & 0.29
Sold VXX 02/26/2021 19.50 Diagonal Calls @ 0.26

VXX opened at 15.82 and got up to 16.60.

Balances out my put exposure some more and uses up most of my leftover long March long calls.
#DoubleDip

VXX Calls

One last write against Feb long calls left over from other spreads.
Sold 02/19/2021 20.50 Calls @ 0.12
Sold 02/19/2021 20.00 Calls @ 0.15
Sold 02/19/2021 19.50 Calls @ 0.18
Sold 02/19/2021 19.00 Calls @ 0.21
VXX is under 16

#DoubleDip

VXX Calls

Used the temporary spike in VXX to 17 to sell some diagonal calls against Feb and March long positions still in the account from old spreads.
#DoubleDip
Sold VXX 02/12/2021 20.0 Calls @ 0.14
Sold VXX 02/12/2021 19.50 Calls @ 0.14
Sold VXX 02/12/2021 19.0 Calls @ 0.18 & 0.23
Sold VXX 02/12/2021 18.50 Calls @ 0.18 & 0.30
Sold VXX 02/12/2021 18.00 Calls @ 0.25, 0.30 & 0.35

VXX Calls

Sold all the following on the run to 16.50 in VXX.
Sold VXX 01/29/2021 18.00 diagonal calls @ 0.40
Sold VXX 01/29/2021 18.50 diagonal calls @ 0.34 & 0.36
Sold VXX 01/29/2021 19.00 diagonal calls @ 0.29
Sold VXX 01/29/2021 19.50 diagonal calls @ 0.25
#DoubleDip against long Feb and March calls already paid for with earlier diagonals

SLB Call Roll

Covered the short side of a Diagonal Bear Call Spread.
Bought to close SLB 01/15/2021 26.50 Calls @ 0.01.
Sold these on 01/12 @ 0.41.
Replaced them with short SLB 01/22/2021 26.50 Diagonal Calls @ 0.29.
#DoubleDip

I’ve got lots of other Bear Call diagonals on SLB for next week.

GILD Put Ladder

Keeping my Put Ladder running.
Sold to Open 1 GILD Jan 08 2021 55.5 Diagonal Put @ $0.52.
Replaces a GILD 56.50 Put that expired Friday.
#DoubleDip

TQQQ

Sold to Open TQQQ 12/31/2020 195.00 Diagonal Calls @ 0.35.
Replacing the short 185.00 Diagonal Calls that Expired Friday and paired with short 150.00 Puts sold Friday.
#DoubleDip

OptionsExpiration

EXPIRED:
CINF 12/18/2020 85.0/90.0 Bear Call Spread
CINF 12/18/2020 85.0 Diagonal Call
MRO 12/18/2020 7.0 Covered Calls
SPY 12/18/2020 371.0 Call
SQQQ 12/18/2020 6.00(adj) Covered Calls
VXX 12/18/2020 23.0/90.0 Bear Call Spread
VXX 12/18/2020 22.5/80.0 Bear Call Spread
VXX 12/18/2020 22.0/70.0 Bear Call Spread
VXX 12/18/2020 21.5/65.0 Bear Call Spread
VXX 12/18/2020 21.0/60.0 Bear Call Spread
VXX 12/18/2020 20.5/50.0 Bear Call Spread
VXX 12/18/2020 20.0 Diagonal Calls
VXX 12/18/2020 19.0 Diagonal Calls
VXX 12/18/2020 18.0 Diagonal Calls
WBA 12/18/2020 41.0 Covered Call
WFC 12/18/2020 30.0 Covered Calls

T 12/18/2020 26.0 Short Put
VXX 12/18/2020 16.5 Diagonal Puts

ASSIGNMENTS:
None

On the VXX BCS’s that expired, the longs were bought in late Sept/Early Oct. The short side calls were sold just last week and were only the latest of the calls written against those longs.
Multiple #DoubleDip Trades

VXX Diagonal Calls

Sold all the following on the move of VXX to 18 :
VXX Dec 04 2020 20.0 Calls at $0.23
VXX Dec 04 2020 20.5 Calls at $0.19
VXX Dec 04 2020 21.0 Calls at $0.15
Replaces similar calls that expired Friday.
#DoubleDip

CINF SPY VXX

Traveling today so posting all today’s trades:
Sold to Close 1 SPY Nov 27 2020 360 Call at $4.41 for a breakeven trade. Bought this as the long side of a SPY diagonal spread on 10/08 @ 4.38 and wrote against it a few times.

Sold t0 Open 1 CINF Dec 18 2020 85 diagonal call @ 1.05. Sold against an existing March 90 Call. Replacing a similar short call that expired Friday. #DoubleDip

Two new VXX Contango specials:

Bought to Open VXX Jun 18 2021 8.0 Puts / Sold VXX Dec 04 2020 17.0 Puts @ 0.06 Credit
Bought to Open VXX Jun 18 2021 7.0 Puts / Sold VXX Dec 04 2020 16.5 Puts @ 0.02 Credit
#VXXGame

SPY

Sold 1 SPY 11/04/2020 342.0 Diagonal Call @ 1.32.
Hedged with an existing long December 355 call. #DoubleDip
Easily rollable if I miscalculated tomorrow’s move.

VXX – more puts

With the stock right around 25.70 I added to my puts for next week.
Sold VXX Nov 06 2020 22.50 Puts at $0.68
Sold VXX Nov 06 2020 22.00 Puts at $0.52
Sold VXX Nov 06 2020 21.50 Puts at $0.38
Sold VXX Nov 06 2020 21.00 Puts at $0.27.

A lot of these are paired off against VXX puts already long for Jan 2022.
#DoubleDip

VXX Puts

Bought to close VXX 10/30/2020 21.00 Diagonal Puts @ 0.01. They won’t trade any lower.
Sold these on Friday @ 0.39 so only in them 2 days.
#DoubleDip trade against long puts in 2021

KSS

With the stock up 6.6% today:
Sold KSS 10/23/2020 22.00 Covered Calls @ 0.47
Sold KSS 10/23/2020 23.00 Diagonal Calls @ 0.18 against long November calls left over from another spread.
#DoubleDip

VXX New Diagonal Puts for next week

Starting long positions in a new month
Bought to Open VXX Mar 19 2021 14.0 Puts / Sold to Open VXX Oct 16 2020 23.5 Puts @ 0.07 Net Credit with VXX at 23.75 (close to the low for the last month).

Many opportunities for #DoubleDip trades.

Also:
Bought to Open VXX Jan 15 2021 15.0 Puts / Sold to Open VXX Oct 16 2020 23.0 Puts @ 0.07 Net Credit
Bought to Open VXX Jan 15 2021 14.0 Puts / Sold to Open VXX Oct 16 2020 22.50 Puts @ 0.04 Net Credit

VXX puts

Sold to open VXX Oct 09 2020 24.5 Puts @ $0.42, adding to my position.
Sold to open VXX Oct 09 2020 24.0 Puts @ $0.22, adding to my position.
This replaces similar VXX Puts that expired Friday.
#DoubleDip

The low for VXX so far today is 24.90 but the VIX is still up 3.5% today

SPY Diagonals

Sold SPY Sep 28 2020 331 Calls at $0.56 and $0.66
Sold 1 SPY Sep 30 2020 332 Call at $1.04
Sold 1 SPY Oct 02 2020 335 Call at $1.05
Replacing some of the short calls that expired yesterday.
#DoubleDip
SPY ran from 320 to 324 after a lower open.

WDC Calls

Sold WDC 09/18/2020 40.0 Diagonal Calls @ 0.25 replacing the calls for this week I covered at a penny yesterday.
#DoubleDip

VXX

Sold 1 VXX Sep 11 2020 25.50 Put at $0.27.
Sold against old long Puts as always
#DoubleDip

VXX – the beauty of diagonal puts

So the long puts I buy as part of the diagonal put spreads I have been setting up for months have been written against multiple times, but this week looks like a big winner for this strategy:
Just some examples:
Long 2 Jan 15 2021 12.00 Puts @ 58.29 while being short 2 Aug 28 2020 23.00 Puts @ 58.62
Long 2 Jan 15 2021 13.00 Puts @ 106.38 while being short 2 Aug 28 2020 24.00 Puts @ 123.43
Long 1 Jan 15 2021 14.00 Put @ 55.69 while being short 1 Aug 28 2020 24.00 Put @ 61.71
Long 2 Jan 15 2021 15.00 Puts @ 141.38 while being short 2 Aug 28 2020 24.00 Puts @ 123.43
Long 2 Jan 15 2021 16.00 Puts @ 163.38 while being short 2 Aug 28 2020 24.00 Puts @ 123.43

As you can see, this week’s short puts pretty much cover the costs of the long positions yet again. #DoubleDip
The real beauty is that the short positions are gone tomorrow, but the longs are still there until January.
Contango losses in VXX have recently been about a point per week, except for the occasional spikes like we are seeing in the last two days.
It’s entirely possible that eventually, the long position go in the money before expiration.

AAL KSS Calls

Sold AAL 08/28/2020 15.00 Diagonal Calls @ 0.18 against already long Oct 25 Calls #DoubleDip
Sold KSS 08/28/2020 23.0 Diagonal Calls @ 0.06 against already long Oct 30 Calls #DoubleDip
Sold KSS 09/04/2020 23.0 Covered Calls @ 0.21
Pays for next week’s beer run 🙂 🙂

Also:
Bought AAL 10/16/2020 23.0 Calls / Sold AAL 08/28/2020 14.50 Calls @ 0.05 Credit – Adding longs at a lower strike (corrected this one – originally posted wrong)

VXX New Diagonal and other puts sales

Bought VXX Jan 21 2022 6.0 Puts / Sold VXX Aug 28 2020 24.0 Puts @ 0.12 Credit.
Also sold these against similar long positions left over from earlier diagonals:
Sold VXX Aug 28 2020 23.50 Puts @ 0.53
Sold VXX Aug 28 2020 23.0 Puts @ 0.30
#DoubleDip

VXX

Completing some Short Calendar Iron Condor Spreads.
Bought to Open VXX Oct 16 2020 70 Calls / Sold VXX Aug 21 2020 26.0 Calls @ 0.05 Credit.
Bought to Open VXX Sep 18 2020 60 Calls / Sold VXX Aug 21 2020 27.0 Calls @ 0.08 Credit.

Still trying to keep my 25.0 Puts out of the money by the close tomorrow.

As a kicker I also sold some VXX Aug 21 2020 28.0 Calls @ 0.25 against already long calls that expire tomorrow but are fully paid for from earlier spreads.
#DoubleDip

AAL

A bit of a bounce in the stock and so I wrote against half of my October long calls again
Sold AAL 08/21/2020 14.50 Calls @ 0.12
#DoubleDip

VIAC ADS

Sold VIAC 08/14/2020 28.0 Diagonal Calls @ 0.35
Sold ADS 08/14/2020 55.0 Diagonal Calls @ 0.25
#DoubleDip

VXX for next week

Sold VXX 08/14/2020 26.0 Puts @ 0.70 against 2021/2022 long puts already paid for by earlier diagonal spreads.
#DoubleDip

VXX

Sold 08/07/2020 27.00 Puts @ 0.56.
Sold against 2021 Long Puts already paid for with earlier diagonal spreads.
#DoubleDip

VXX puts

Sold VXX 08/07/2020 27.00 Puts @ 0.60. Sold these against already paid for 2021 long puts.
#DoubleDip

VXX

Moving out to next week’s Calls for a diagonal spread.
Sold VXX JUL 31 2020 $37 Calls @ 0.57 against August and September long positions.
#DoubleDip

Doing this as VXX crosses above 30, taking all of tomorrow’s short puts out of the money.

VXX

Sold VXX Jul 24 2020 33.5 Calls at $0.33 against long calls left over from earlier diagonals.
Replacing calls that expired Friday.
#DoubleDip
If this reaches the strike price, the markets will be falling pretty hard.

VXX

Sold VXX 07/24/2020 28.50 Puts @ 0.36 with the stock at 30.15.
Sold against long 2021 and 2022 long Puts and replacing similar puts that expired Friday although at a lower strike.
#DoubleDip

VXX

Sold to Open VXX Jul 17 2020 41.0 Call @ $0.66 adding to my position.
Sold against long August and September Calls left over from older diagonals.
#DoubleDip

VXX Puts

Sold VXX 07/17/2020 31.50 Puts @ 0.76
Sold VXX 07/17/2020 31.0 Puts @ 0.55
Sold VXX 07/17/2020 30.50 Puts @ 0.41
Partially replacing the 31.50 Puts for this week that I covered for a penny this morning.
#DoubleDip

VXX – resetting diagonals

Sold VXX 06/26/2020 32.0 Puts @ 0.43
Sold VXX 06/26/2020 32.5 Puts @ 0.58.
Re-writing against 2021 and 2022 long puts.

#DoubleDip

VXX diagonal

Sold VXX 06/26/2020 32.0 Puts @ 0.40 at the close.
#DoubleDip

VXX Put roll

Bought to close VXX 06/19/2020 33.0 Puts @ 0.07. Sold these on Monday @ 0.43
Replaced these with VXX 06/26/2020 33.0 Puts @ 1.17.
That is a 1.10 net credit on the roll.

Paid for the long side of the diagonal yet again
#DoubleDip

VXX

Sold VXX 06/12/2020 34.0 Calls @ 0.41 and Sold VXX 06/12/2020 35.0 Calls @ 0.31 to add to my sales from yesterday.
#DoubleDip

VXX

Sold VXX 06/12/2020 34.0 Calls @ 0.27 and Sold VXX 06/12/2020 35.0 Calls @ 0.22 to re-establish the diagonal spreads from last week. VXX is at 29.44
#DoubleDip

VXX Diagonal roll downs

Bought to close VXX 06/05/2020 31.0 Puts / Sold VXX 06/12/2020 30.50 Puts @ 0.28 Credit + 0.50 better strike
Bought to close VXX 06/05/2020 30.50 Puts / Sold VXX 06/12/2020 30.00 Puts @ 0.40 Credit + 0.50 better strike
Bought to close VXX 06/05/2020 30.0 Puts / Sold VXX 06/12/2020 29.00 Puts @ 0.21 Credit + 1.00 better strike

Happy with these rolls at least. Paid for my Jan and June 2021 long puts all over again.
#DoubleDip

VXX diagonal late trades

Sold VXX 06/05/2020 31.00 Puts @ 0.32 and VXX 06/06/2020 31.50 Puts @ 0.51 against existing 2021 and 2022 long puts.
#DoubleDip

VXX Diagonal Put roll

Bought to close VXX 05/29/2020 31.0 Diagonal Puts @ 0.01.
Sold VXX 06/05/2020 30.0 Puts @ 0.23.
#DoubleDip or #TripleDip against the long side positions

VXX Strange roll

Bought to close VXX 05/29/2020 40.0 Diagonal Calls @ 0.01
Bought to close VXX 05/29/2020 32.0 Diagonal Puts @ 0.01.
Replaced these with VXX 06/05/2020 40.0 Calls @ 0.43 and VXX 06/05/2020 30.50 Puts @ 0.29.
#DoubleDip or #TripleDip against the long side positions

VXX

Sold VXX 05/29/2020 30.0 Puts @ 0.30 to replace similar options that expired Friday and re-establish diagonal spreads on part of my long put positions,
#DoubleDip

WDC #doubledip Rolled the 11…

WDC #doubledip #fuzzy

Rolled the 11 DTE 40/47 down to 11 DTE 42.5 for 1.04 credit. cb now 20.09. 109 weeks to manage but this one has been such a dog lately I will probably scratch it once I can break even.

$NFLX #ShortPuts #DoubleDip – in…

$NFLX #ShortPuts #DoubleDip – in an attempt to convince the stock to stay below 120, I’m replacing the short puts I covered this morning with Short Dec 18 109.0 Puts at 0.23.
I don’t see the stock breaking below the 115 low set on Monday’s pullback or breaking the 50dayMA currently at 113.84
These expire Friday