Sold 1 LABU Jan 07 2022 32.0 Diagonal Put at $1.25. The yearly low for LABU is 31.90 (so far …)
#OnlySpreads
Tag Archives: OnlySpreads
TQQQ Puts
Sold TQQQ Jan 07 2022 153.0 Diagonal Puts at $0.72
LABU Calls
Sold LABU Jan 07 2022 42.0 Diagonal Calls at $0.65, replacing similar calls that expired Friday.
#OnlySpreads
TSLA
Tesla Recalls More Than 475,000 US Vehicles Due To Quality Issues
The massive number of vehicles being recalled represents about 25% of all Tesla vehicles manufactured since the company’s inception.
I’m hoping the news holds the stock down for at least the next 2 days.
TNA Call
Sold 1 TNA Dec 31 2021 88.0 Diagonal Call at $1.40
#OnlySpreads
TSLA
Taking another crack at TSLA
Bought 1 TSLA Feb 1300 Call, Sold 1 TSLA Dec 31 2021 1075.0 Call at $1.20 Credit
#OnlySpreads
VXX Calls
Sold VXX Dec 30 20211 21.0 Calls at $0.34, $.040, $0.42 and $0.44
#OnlySpreads
TQQQ Calls
Sold TQQQ Dec 23 2021 162.0 Calls at $0.60.
#OnlySpreads
Edit: a bit too early 😦
TNA Call
Sold 1 TNA Dec 23 2021 81.0 Diagonal Call at $1.75
#OnlySpreads
VXX Call Ladder
Rewriting against long Calls left over from last week’s spreads. #DoubleDip
Sold VXX Dec 23 2021 30.0 Call at $0.35
Sold VXX Dec 23 2021 29.0 Call at $0.37
Sold VXX Dec 23 2021 28.0 Call at $0.56
Sold VXX Dec 23 2021 27.0 Call at $0.70
Sold VXX Dec 23 2021 26.0 Call at $1.00
Sold VXX Dec 23 2021 25.0 Call at $1.31
Sold VXX Dec 23 2021 24.0 Call at $1.51
Sold VXX Dec 23 2021 23.0 Call at $2.18
#OnlySpreads
LABU TNA TQQQ TSLA puts
All these replacing puts that expired on Friday. These strikes are even lower (except for LABU)
Sold LABU Dec 23 2021 35.0 Puts at $0.92
Sold 1 TNA Dec 23 2021 71.0 Put at $2.14
Sold TQQQ Dec 23 2021 130.0 Puts at $1.61
Sold 1 TSLA Dec 23 2021 800.0 Put at $2.38
Sold 1 TSLA Dec 23 2021 790.0 Put at $1.91
#OnlySpreads
RIVN Call closed
Bought to close 1 RIVN Dec 17 2021 127.0 Call at $0.05. It won’t trade any lower. Sold on Monday at $3.29
#DoubleDip write
#OnlySpreads
VXX Calls
Setting up some calls for next week.
This week’s are looking good.
Sold VXX Dec 23 2021 25.0 Calls at $0.49 & again at $0.54
#VXXContango
#OnlySpreads
VXX Call Ladder
Sold VXX Dec 17 2021 27.0 Calls at $0.27
Sold VXX Dec 17 2021 26.5 Calls at $0.35
Sold VXX Dec 17 2021 26.0 Call at $0.42
Sold VXX Dec 17 2021 25.5 Call at $0.48
Sold VXX Dec 17 2021 25.0 Call at $0.58
Sold VXX Dec 17 2021 24.5 Call at $0.69
Sold VXX Dec 17 2021 24.0 Call at $0.82.
About done for this week’s sales.
#VXXContango #OnlySpreads
RIVN Put
One final write against a long December put
Sold 1 RIVN Dec 17 2021 100.0 Put at $1.20. Replaces the 105 put that expired Friday.
I now have a RIVN 100/127 short strangle for a total premium of $4.29
#OnlySpreads
TQQQ Puts
Sold Dec 17 2021 139.0 Diagonal Puts at $1.33 and $1.37.
Paired with short calls all the way from 139 up to 177.50 for this week.
#OnlySpreads
RIVN Call
Sold 1 RIVN Dec 17 2021 127.0 Call at $3.29
#DoubleDip write replacing a similar diagonal call that expired Friday.
#OnlySpreads
RIVN Short Put Rolled down
Bought to Close 1 RIVN Dec 03 2021 110.0 Put/ Sold to Open 1 RIVN Dec 10 2021 105.0 Put at $1.23 Credit plus an extra 5 points lower on the short put.
I actually have two long puts to act as a hedge, a Dec 70.0 Put and a Jan 65.0 Put.
#OnlySpreads
VXX Puts
After rolling these down for months I’m finally out of my biggest VXX short put position.
Bought to close VXX Dec 03 2021 22.0 Puts at $0.01.
Sold last week at $1.29, $1.30, $1.33 and $1.40.
#OnlySpreads
Left with 2022, 2023 and even 2024 long puts.
#VXXContango
TQQQ Call Rollup
Bought to close 1 TQQQ Dec 03 2021 162.0 Call at $2.40. Sold last week on a roll at $8.74.
Replaced it with 1 short TQQQ Dec 10 2021 170.0 Call at $2.55 – added 8 points to the short strike
For Friday I still have a short 170.0 and 185.0 Calls and short puts at 145.0 and 137.50.
#OnlySpreads
TSLA Puts
Sold these puts while I wait for a chance to roll my short calls
TSLA Dec 03 2021 845.0 Put at $0.36
TSLA Dec 03 2021 890.0 Put at $0.71
TSLA Dec 03 2021 940.0 Put at $1.37
#OnlySpreads
KOLD Early Roll
Bought to close 1 KOLD Nov 19 2021 5.0 Put / Sold to Open 1 KOLD Dec 17 2021 5.0 Put at $0.45 Credit.
Put is sold against long KOLD May 3.0 & 4.0 Puts.
#OnlySpreads
BOIL must be spiking up today
TNA Calls
I had some extra, long TNA Calls in the account left over from old Diagonal spreads.
Dumped the ones expiring this week at a gain while holding onto longer dated calls.
Sold to close TNA Nov 05 2021 105.0 Calls at $0.45. Bought on 10/13 at $0.36 and $0.38.
These might be a short candidate too.
LABU Call
Sold 1 LABU Nov 05 2021 58.5 Call at $1.26 replacing one of the calls that expired Friday.
#OnlySpreads
TNA Call
Sold 1 TNA Nov 05 2021 99.0 Call at $0.79 replacing one of the calls that expired Friday.
#OnlySpreads
LABU Call
Sold 1 LABU Oct 29 2021 55.0 Call at $0.63.
Expires tomorrow and paired with short 50 & 49 Puts too.
#OnlySpreads
TSLA
Chancing one more spread with the stock at an all time high, playing for a slight pullback by Friday.
Bought to Open 1 TSLA Dec 17 2021 1,250.0 at $29.20
Sold to Open 1 TSLA Oct 29 2021 1,050.0 Call at $31.80
$2.60 Initial Credit. Range so far today 1033 to 1064
#OnlySpreads
LABU Puts
Sold LABU Oct 29 2021 49.0 Puts at $0.55.
#OnlySpreads
TNA and TQQQ
Sold 1 TNA Oct 29 2021 97.0 Call at $1.32
Sold 1 TQQQ Oct 29 2021 150.0 Call at $2.55
#OnlySpreads
BITO Puts
First trade in this name. Staying small.
Bought to open 1 BITO Dec 17 2021 27.0 Put at $0.52
Sold to Open 1 BITO Oct 29 2021 37.0 Put at $0.62.
#OnlySpreads
AMC & LABU Calls
Sold AMC Oct 15 2021 40.0 Diagonal Calls at $0.79
Sold LABU Oct 15 2021 58.0 Diagonal Calls at $0.73
#OnlySpreads
TNA Strangle
Sold TNA Oct 15 2021 82.0 Puts at $0.78
Sold TNA Oct 15 2021 90.5 Calls at $0.39
#OnlySpreads
AMC Strangle
Sold AMC Oct 15 2021 34.0 Puts at $0.26
Sold 1 AMC Oct 15 2021 37.0 Call at $1.04
Sold 1 AMC Oct 15 2021 38.0 Call at $1.27
#OnlySpreads
TQQQ Puts
Sold 1 TQQQ Oct 01 2021 119.0 Diagonal Put at $1.36
Sold 1 TQQQ Oct 01 2021 120.0 Diagonal Put at $1.58
#OnlySpreads
LABU Put
Sold 1 LABU Oct 01 2021 55.0 Diagonal Put at $0.81
#OnlySpreads
KOLD
My first trade in KOLD since 2016 when I was trading strike 180 puts (what a fool!)
This has a lot less risk and is mostly a placeholder so I can watch it.
Bought to Open 1 KOLD May 20 2022 4.0 Put at $0.89
Sold to Open 1 KOLD Oct 15 2021 8.0 Put at $1.09.
Pretty decent ROI in a retirement account until the Oct expiration too.
#OnlySpreads
TSLA Diagonal Call
First time in this since April. Staying small.
Bought to open 1 TSLA Dec 17 2021 1,000 at $9.79
Sold to Open 1 TSLA Oct 01 2021 800 Call at $10.50
Short DTE = 4
Long DTE = 81
#OnlySpreads
LABU Strangle
Sold 1 LABU Oct 01 2021 56.0 Diagonal Put at $0.82.
Sold 1 LABU Oct 01 2021 66 Diagonal Call at $1.52.
Total 56/66 Strangle premium of $2.34 for this week.
#OnlySpreads
OptionsExpiration
A major expiration for me as well as the market in general.
A lot of old long hedges rolled off today along with many #DoubleDip and #TripleDip call and put writes against those positions.
Virtually all the longs were paid for within 5 days of their purchase because they were part of diagonal positions with the short side expiring within a week. That left them long for future re-writes.
== Expired==
AMC 09/17/2021 47.0 Diagonal Call
AMC 09/17/2021 50.0 Diagonal Call
AMC 09/17/2021 10/41 Bull Put Spreads
AMC 09/17/2021 10/40 Bull Put Spreads
COIN 09/17/2021 150/220 Bull Put Spread
COIN 09/17/2021 175/225 Bull Put Spread
LABU 09/17/2021 70.0 Diagonal Call
LABU 09/17/2021 35/58 Bull Put Spread
LABU 09/17/2021 40/59 Bull Put Spread
SLV 09/17/2021 20.0 Put
TLRY 09/17/2021 40/16 Bear Call Spread
TLRY 09/17/2021 33/16 Bear Call Spread
TLRY 09/17/2021 32/16 Bear Call Spread
TLRY 09/17/2021 29/16 Bear Call Spread
TLRY 09/17/2021 10/11.5 Bull Put Spreads
TNA 09/17/2021 105/93 Bear Call Spread
TNA 09/17/2021 105/88 Bear Call Spread
TNA 09/17/2021 55/82 Bull Put Spread
TQQQ 09/17/2021 170/150 Bear Call Spread
UVXY1 09/17/2021 9.0 Covered Calls (pre-split contract)
UVXY1 09/17/2021 8.0 Covered Calls (pre-split contract)
UVXY1 09/17/2021 7.0 Covered Calls (pre-split contract)
UVXY1 09/17/2021 6.0 Covered Calls (pre-split contract)
VXX1 09/17/2021 6.0 Diagonal Puts (pre-split contract)
VXX1 09/17/2021 5.0 Diagonal Puts (pre-split contract)
VXX 09/17/2021 80/35 Bear Call Spread
VXX 09/17/2021 65/33.5 Bear Call Spreads
VXX 09/17/2021 64/33 Bear Call Spreads
VXX 09/17/2021 60/32.5 Bear Call Spreads
VXX 09/17/2021 55/31.5 Bear Call Spread
VXX 09/17/2021 31.0 Diagonal Calls
VXX 09/17/2021 30.5 Diagonal Call
VXX 09/17/2021 30.0 Diagonal Calls
VXX 09/17/2021 29.0 Covered Calls
VXX 09/17/2021 28.5 Covered Calls
VXX 09/17/2021 28 Covered Calls
VXX 09/17/2021 27.5 Covered Calls
VXX 09/17/2021 20/24 Bull Put Spreads
VXX 09/17/2021 21/25 Bull Put Spreads
COIN Put
Sold 1 COIN Sep 17 2021 225.0 Diagonal Put at $1.15.
Replaces the COIN 09/10/2021 247.5 Diagonal Put that expired Friday
#DoubleDip #OnlySpreads
LABU Call
One more LABU Roll
Bought to close 1 LABU Sep 10 2021 67.0 Call at $0.12. Sold last week on a roll at $3.85
Replaced it with 1 LABU Sep 17 2021 70.0 Call at $1.17.
The 67 call would probably have expired but I don’t know if I could have gotten such a nice premium on the 70 next Monday.
#OnlySpreads
LABU
One last LABU put for this week
Sold LABU 08/20/2021 50.0 Diagonal Put at $1.42.
#OnlySpreads
COIN Put
Sold 1 COIN Aug 06 2021 210.0 Diagonal Put at $0.85
#OnlySpreads #DoubleDip
AMC Puts
Sold AMC Aug 06 2021 28.0 Diagonal Puts at $0.32
Sold AMC Aug 06 2021 26.0 Diagonal Puts at $0.21
Sold AMC Aug 06 2021 25.0 Diagonal Puts at $0.17
#OnlySpreads
LABU Call
Offsetting some of the risk of all the short puts I’m carrying into tomorrow’s expiration with no additional margin.
Sold to open 1 LABU Aug 06 2021 65.0 Diagonal Call at $1.40.
I’ve got 52, 55 and 56 puts coming due tomorrow.
#OnlySpreads
COIN
Sold 1 COIN Jul 23 2021 195 Diagonal Put at $0.89
#OnlySpreads #TripleDip
TQQQ
Sold 1 TQQQ Jul 23 2021 110.0 Put at $1.02.
Coming into today I was long one of these. Now I’m short
#OnlySpreads
AMC Puts
Sold AMC Jul 23 2021 23.0 Diagonal Puts at $0.38.
Replaces similar puts that expired Friday
#OnlySpreads
TNA Put Rolldown
Rolled TNA Jul 16 2021 86.0 Diagonal Put to next week’s TNA Jul 23 2021 82.5 Put at $0.52 Credit.
3.5 points better on the strike and now out of the money
Hedged with long Oct puts
#OnlySpreads
LABU Put Rolldown
Rolled LABU Jul 16 2021 64.0 Diagonal Puts down to next week’s 62.0 Puts at $0.05 Credit.
2 points better on the strike
Rolled LABU Jul 16 2021 62.0 Diagonal Put down to next week’s 58.0 Put at $0.05 Credit.
4 points better on the strike.
Both positions hedged with long Aug & Sep puts already in the account.
#OnlySpreads
TQQQ Put 1DTE
Sold 1 TQQQ Jul 16 2021 123.0 Diagonal Put at $0.60.
#OnlySpreads
COIN
Sold 1 COIN Jul 16 2021 210.0 Diagonal Put at $0.54.
#DoubleDip #OnlySpreads
LABU Put
Sold 1 LABU Jul 23 2021 60.0 Diagonal Put at $3.23.
Strike is below the 2-month low – edit:(until just now)
#OnlySpreads
LABU Put
Sold 1 LABU Jul 16 2021 62.0 Diagonal Put at $1.35
#OnlySpreads
TNA Put
Sold 1 TNA Jul 16 2021 86.0 Diagonal Put at $1.15
#OnlySpreads
TQQQ
Selling some 2 day puts to offset existing short call positions
Sold 1 TQQQ Jul 09 2021 118.0 Diagonal Put at $0.50
Sold 1 TQQQ Jul 09 2021 115.0 Diagonal Put at $0.30
#OnlySpreads
TNA
Sold to open 1 TNA Jul 09 2021 89.0 Diagonal Put at $1.71.
#OnlySpreads
LABU
Sold 1 LABU Jul 09 2021 65.0 Diagonal Put at $0.92.
#OnlySpreads
LABU
Sold 1 LABU Jun 25 2021 65.0 Put at $1.01
#OnlySpreads
TQQQ
Sold 1 TQQQ Jun 25 2021 115.0 Call at $1.87 adding to my position
#OnlySpreads
TQQQ
Sold 1 TQQQ Jun 25 2021 115.0 Call at $1.20 replacing my 112.0 Call that expired Friday.
#OnlySpreads
LABU
Sold 1 LABU Jun 18 2021 64.0 Put at $0.65
#OnlySpreads
LABU
Bought to Open 1 LABU Sep 17 2021 35.0 Put / Sold to Open 1 LABU Jun 11 2021 55.0 Put at $0.75 Credit.
#OnlySpreads
LABU
Sold 1 LABU May 07 2021 63.0 Diagonal Put at $1.30
#OnlySpreads
LABU
Sold 1 LABU May 07 2021 67.0 Diagonal Put @ $1.60.
#OnlySpreads
IWM TNA
With the Russell2000 being hit so hard today, I’m looking for a way to play a bounceback.
Targeting TNA as that vehicle
#OnlySpreads
https://www.zerohedge.com/markets/small-caps-are-puking
GME: Those railroad tracks look mighty tempting
I know I know, wait for the train to slow down before setting up a picnic on the tracks but I thought I’d put a few small, starter positions out there. Can’t wait to aggressively short this thing but we’re way too early for that. For now though:
Sold $GME 1/29 195 200 bear call spread @ 1.00
Sold $GME 2/19 190/200 bear call spread @ 1.50
Defined risk only of course.
SPY
#ShortPuts – Could be running up to resistance so booking the higher risk election play…
Bought to Close SPY NOV 20 2020 322.5 Put @ 1.20 (sold for 6.12)
BIIB
#ShortStrangles – Wild move with the announcment of the new drug. Have to admit I didn’t know that was in the pipeline. Was short 220 puts against a 315 call (2 puts x 1 call). Closing the short call for safety and letting the short puts ride. Will look for new put sales to make up the difference.
Bought to Close BIIB NOV 6 2020 315.0 Call @ 24.25 (12.30 premium received so loss of 11.95)
DRIP dropping
150 point swing so far
Saudis Plan Big Oil Output…
Saudis Plan Big Oil Output Hike, Beginning All-Out Price War.
How would this affect DRIP?
Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia.
https://ca.finance.yahoo.com/news/saudis-plan-big-oil-output-225511711.html
Options Bistro 