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
Tag Archives: 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.
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