Sold UVXY Jan 20 2023 6.5 Covered Calls at $0.07
Sold 1 VXX Jan 20 2023 13.0 Covered Call at $0.17

Sold to Close 1 UVXY Jan 20 2023 6.0 Put at $0.57 and again at $0.65. Finally, sold the rest at $0.63 and $0.64.
Bought at $0.10 on 10/26. #UVXYContango

Sold to Close 1 VXX Jan 20 2023 13.0 Put at $0.88 and again at $1.03, and finally all the rest at $1.09
Bought at $0.17 on 10/26. #VXXContango

Sold to Close 1 VXX Jan 20 2023 12.0 Put at $0.17 and again at $0.22.
Bought at $0.10 on 11/01. #VXXContango

Sold to CLOSE LABU Jan 13 2023 8.0 Calls at $0.18. Bought at $0.16 on 12/29.
Sold to CLOSE 1 VXX Jan 20 2023 13.0 Put at $0.76. Bought at $0.17 on 10/26. #VXXContango
Sold to CLOSE 1 UVXY Jan 20 2023 6.0 Put at $0.47. Bought at $0.10 on 10/26. #UVXYContango

Sold 1 LABU Jan 13 2023 7.5 Call at $0.19 and again at $0.20. Sold against long LABU 8.0 Calls

Sold to close SOXL Jan 13 2023 13.5 Calls at $0.11. Bought at $0.06 on 12/29
Sold to close SOXL Jan 13 2023 13.0 Call at $0.21. Bought a $0.10 on 12/29

Sold 1 TNA Jan 13 2023 36.5 Call at $0.34 and $0.49. Sold against long TNA 39.0 Calls
Sold 1 TNA Jan 13 2023 37.0 Call at $0.40. Sold against long TNA 39.0 Call

One more write against long Jan 20 6.0 Puts
Sold UVXY Jan 13 2023 6.0 Puts. Started at $0.08 and finished at $0.18. #UVXYContango

One more write against long Jan 20 13.0 Puts
Sold VXX Jan 13 2023 13.0 Puts. Started selling at $0.17 and finished at $0.31 #VXXContango

I was early on all these trades, especially the rolldowns

Rolled VXX Nov 04 2022 17.5 Puts down to VXX Nov 11 2022 17.0 Puts at $0.02 Credit
Bought to close VXX Nov 04 2022 17.0 Puts at $0.01.
#VXXContango

Rolled UVXY Nov 04 2022 9.5 Puts down to UVXY Nov 11 2022 9.0 Puts at $0.02 Credit
Bought to close UVXY Nov 04 2022 9.0 Puts at $0.01.
#UVXYContango

Replacing a whole bunch of positions that expired Friday
Sold LABU Nov 04 2022 9.0 Diagonal Calls at $0.15
Sold LABU Nov 04 2022 8.5 Covered Calls at $0.30

Sold 1 SPY Nov 04 2022 367.0 Diagonal Put at $0.66
Sold 1 SPY Nov 02 2022 373.0 Diagonal Put at $0.68
Sold 1 SPY Oct 31 2022 379.0 Put at $0.17 (due to expire today)

Sold SLV Nov 04 2022 17.0 Diagonal Puts at $0.12

Sold TLRY Nov 04 2022 4.5 Covered Calls at $0.04

Sold TNA Nov 04 2022 45.0 Diagonal Calls at $0.24
Sold TNA Nov 04 2022 44.0 Diagonal Calls at $0.34
Sold 1 TNA Nov 04 2022 43.0 Diagonal Call at $0.51

Sold UVXY Nov 04 2022 11.0 Diagonal Calls at $0.16

Sold UVXY Nov 04 2022 9.5 Diagonal Puts at $0.11, $0.13 and $0.14 (DTE = 4)
Bought UVXY Dec 16 2022 7.0 Puts at $0.07 and $0.08 (DTE= 46)
Bought UVXY Jan 20 2023 6.0 Puts at $0.11 (DTE= 81)
Bought UVXY Feb 17 2023 5.0 Puts at $0.12 (DTE= 109)
#UVXYContango)

Sold VXX Nov 04 2022 20.0 Diagonal Calls at $0.10

Sold VXX Nov 04 2022 17.5 Diagonal Puts at $0.16, $0.17, $0.19, $0.20 and $0.22 (DTE = 4)
Bought VXX Dec 16 2022 14.0 Puts at $0.06 and $0.07 (DTE = 46)
Bought VXX Jan 20 2023 13.0 Puts at $0.18 and $0.20 (DTE = 81)
#VXXContango

Bought to open VXX Dec 16 2022 13.0 Puts at $0.07
Sold to open VXX Oct 21 2022 19.5 Puts at $0.12 for a $0.05 Credit for the first week.
Long DTE = 46
Short DTE = 4

Bought UVXY Feb 17 2023 5.0 Puts at $0.10
Sold to Open UVXY Oct 21 2022 11.5 Puts at $0.12 for a $0.02 Credit for the first week.
Long DTE = 123
Short DTE = 4

#VXXContango #UVXYContango

Tough to make any money in a market like this. I was very aggressive selling calls and Bear Call Spreads against TQQQ and TNA as they collapsed, and they almost all expired, so that helped.

Despite the carnage the VIX was fairly calm so all my VXX and UVXY positions expired.

Hoping for some stabilization next week.

Expired:
LABU 7.5 Diagonal and Covered Calls

SOXL 13.5 Diagonal Calls
SOXL 12.5 Diagonal Calls
SOXL 8.5 Covered Calls
SOXL 6.5 Diagonal Puts

TLRY 3.5 Covered Calls

TNA 36.0 Diagonal Calls
TNA 35.0 Diagonal Calls
TNA 34.5 Diagonal Calls
TNA 34.0 Diagonal Calls
TNA 33.0 Covered Calls

TQQQ 34/20 Bear Call Spread
TQQQ 33/20 Bear Call Spread
TQQQ 32/20 Bear Call Spread
TQQQ 19.5 Diagonal Calls
TQQQ 19.0 Diagonal Calls
TQQQ 18.5 Covered Calls
TQQQ 18.5 Diagonal Calls
TQQQ 18.0 Diagonal Calls (just barely)

UVXY 22/15.5 Bear Call Spreads
UVXY 16/14.5 Bear Call Spreads
UVXY 14.5 Diagonal Calls
UVXY 11.5 Diagonal Puts — #UVXYContango

VXX 29/25.5 Bear Call Spreads
VXX 29/25 Bear Call Spreads
VXX 26/24.5 Bear Call Spreads
VXX 26/24 Bear Call Spreads
VXX 23.5 Diagonal Calls
VXX 23.0 Diagonal Calls
VXX 20.0 Diagonal Puts — #VXXContango
VXX 19.5 Diagonal Puts — #VXXContango

Assignments:
None

Going into next week with almost no short option positions (Just a few puts in SOXL and TQQQ and one UVXY and VXX short call position.) That just means I didn’t have much to roll out.

Expired:
LABU 14/9 Bear Call Spreads
LABU 8.5 Covered Calls
LABU 8.0 Diagonal Calls
SOXL 12.5 Covered Calls
SOXL 7.0/8.5 Bull Put Spreads
TNA 53/36 Bear Call Spread
TNA 52/35.5 Bear Call Spread
TNA 51/35.5 Bear Call Spread
TNA 35/34.5/34 Diagonal Calls
TNA 33.0 Covered Calls
TNA 30.0 Diagonal Put
TQQQ 39/25 Bear Call Spreads
TQQQ 25/24.5/24 Diagonal Calls
TQQQ 23.5 and 23.0 Covered Calls
UVXY 19/16 Bear Call Spreads
UVXY 16/15/13 Diagonal Calls
UVXY 10.5 Diagonal Puts — #UVXYContango
VXX 22.0 Diagonal Calls
VXX 19.5 Diagonal Puts — #VXXContango
VXX 19.0 Diagonal Puts — #VXXContango
VXX 18.5 Diagonal Puts — #VXXContango

Assignments: None

Hanging in there despite the markets at new lows A couple of early overnight assignments I’ll have to deal with

==Expired ==
LABU 14/8.5 Bear Call Spreads
LABU 8.0 Covered and Diagonal Calls
LABU 7.5 Covered Calls
SLV 15/16.5 Bull Put Spreads
SOXL 8.5 Diagonal Puts
TNA 46.5/35 Bear Call Spread
TNA 46/34.5 Bear Call Spread
TNA 34/34.5/35 Covered Calls
TQQQ 37/26.5 Bear Call Spread
TQQQ 36.5/26.5 Bear Call Spread
TQQQ 36/26 Bear Call Spread
TQQQ 24/24.5/25 Covered Calls
TQQQ 17/19 Bull Put Spreads

UVXY 19/14.5 Bear Call Spread
UVXY 14.0 Diagonal Call
UVXY 13.5 Diagonal Call
UVXY 12.0 Diagonal Puts — #UVXYContango

VXX 27.0 Diagonal Calls
VXX 26.0 Diagonal Calls
VXX 25.5 Diagonal Calls
VXX 25.0 Diagonal Calls
VXX 24.0 Diagonal Calls
VXX 23.0 Diagonal Calls
VXX 22.5 Diagonal Calls
VXX 22.0 Diagonal Calls
VXX 18.5 Diagonal Puts — #VXXContango
VXX 18.0 Diagonal Puts — #VXXContango

==Assignments==
SOXL 12.5 Puts – Adjusted stock cost after put premium is $9.56
UVXY 10.5 Calls – net stock short of $12.39 after the call premium. I had an order in to cover the short today at 11.90, and it hit it, but no fill (I was too greedy). I’ll try again Monday

It’s a Bear Market.
Lots of Covered and Diagonal Calls expired in LABU, TNA, TQQQ and even in VXX (unexpected).
Some Puts were rolled down in TNA and TQQQ, and some calls rolled up in UVXY.
Puts in UVXY and VXX were major gainers. And plenty of VXX puts are still on the books for next week.
==Expired==
LABU 14/10.5 Bear Call Spreads
LABU 9.0 Covered Calls

SLV 17.0 Diagonal Puts

TNA 40/40.5/41 Covered Calls
TNA 41.5 Diagonal Call
TNA 48.5/42 Bear Call Spreads
TNA 50/42.5 Bear Call Spreads

TQQQ 27/27.5/28 Covered Calls
TQQQ 36/28.5 Bear Call Spreads
TQQQ 37.5/28 Bear Call Spreads
TQQQ 20.0 Diagonal Puts
TQQQ 19.5 Diagonal Put

UVXY 20.5/12 Bear Call Spreads
UVXY 9.5 Diagonal Puts — #UVXYContango
UVXY 9.0 Diagonal Puts — #UVXYContango

VXX 28/21.5 Bear Call Spreads
VXX 25/21 Bear Call Spreads
VXX 21.0 Diagonal Calls
VXX 20.5 Diagonal Calls
VXX 18.5 Diagonal Puts — #VXXContango
VXX 18.0 Diagonal Puts — #VXXContango
VXX 17.5 Diagonal Puts — #VXXContango
VXX 17.0 Diagonal Puts — #VXXContango
VXX 16.5 Diagonal Puts — #VXXContango

== Assignments==
None

A big monthly expiration. A lot of old long Puts in VXX rolled off, but I was able to write against them one last time and recover the original cost yet again (more in fact) #VXXContango .
A big expiration in TNA and TQQQ (with the market really weak two of the last three weeks). Every short position in TNA expired(including the puts).

I will go into next week with almost no short options except short strangles in VXX and a few puts in SOXL and TQQQ.

==Expired==
LABU 10.0 Covered Calls
LABU 10.0 Diagonal Calls
LABU 15/10.5 Bear Call Spreads

SLV 15/17.5 Bull Put Spreads

SOXL 10/11.0 Bull Put Spreads
SOXL 11.5 Diagonal Puts

TNA 40.0 Diagonal Calls
TNA 41.0 Diagonal Calls
TNA 42.5 Diagonal Call
TNA 43.0 Diagonal Call
TNA 44.0 Diagonal Call
TNA 44.0 and 45.0 Covered Calls
TNA 60/48 Bear Call Spread
TNA 59/47 Bear Call Spread
TNA 58/46 Bear Call Spread
TNA 56/44 Bear Call Spreads
TNA 36.0 Diagonal Put
TNA 35.0 Diagonal Put
TNA 34.5 Diagonal Put

TQQQ 29.0 Diagonal Call
TQQQ 29.0 Covered Calls
TQQQ 30.0 Diagonal Calls
TQQQ 31.0 Diagonal Calls
TQQQ 32.0 Diagonal Calls
TQQQ 47/33 Bear Call Spread
TQQQ 46/34 Bear Call Spread
TQQQ 45/33 Bear Call Spread
TQQQ 23.0 Diagonal Puts

UVXY 18/12 Bear Call Spreads
UVXY 9.0 Diagonal Puts — #UVXYContango
UVXY 8.5 Diagonal Puts — #UVXYContango

VXX 26.5/20.5 Bear Call Spreads
VXX 26/20.5 Bear Call Spreads
VXX 25.5/20.5 Bear Call Spreads
VXX 20.5 Diagonal Calls
VXX 10/17.5 Bull Put Spreads
VXX 13/17.5 Bull Put Spreads
VXX 14/18 Bull Put Spreads
VXX 15/18 Bull Put Spreads

==Assignments==
None

An extremely profitable week for my Diagonal and Covered Calls in TNA and TQQQ. Not too bad for VXX, SOXL, TNA, TQQQ and SLV puts either(although I had to roll some).

Going into next week with a lot less positions(risk) as many Bear Call spreads expired with gains.

Shorts Expiring:
BBBY 14.0 Diagonal Call
LABU 15/11.5 Bear Call Spreads
LABU 11.5 Diagonal Calls
TLRY 5.0 Covered Calls
TNA 39/39.5/40 Covered Calls
TNA 51/43.5 Bear Call Spread
TNA 52/43.5 Bear Call Spread
TNA 55/46 Bear Call Spreads
TQQQ 27/28.5/30/33 Covered Calls
TQQQ 31.5 Diagonal Calls
TQQQ 42/33 Bear Call Spreads
TQQQ 43/34 Bear Call Spreads
UVXY 12.5 Diagonal Calls
UVXY 13.0 Diagonal Calls
UVXY 8.5 Diagonal Put — #UVXYContango
VXX 29/20.5 Bear Call Spreads
VXX 30/20.5 Bear Call Spreads
VXX 18.5 Diagonal Puts — #VXXContango

The idea of the #VXXContango trades was that VXX was a wasting asset that was bound to lose value over time from the contango losses that happened when VIX futures contracts were rolled forward each month.

However, VXX appears to be broken due to Barclay’s having issued many more shares than they were allowed. As such, I’m switching this strategy over to UVXY as it tracks the VIX index more closely and has a more predictible contango loss.

My first trade in this name in a while:
Bought to Open UVXY Dec 16 2022 4.0 Puts at $0.17
Sold to Open UVXY Aug 12 2022 9.5 Puts at $0.20 for a $0.03 Credit for the first week.
Long DTE = 129
Short DTE = 3
#UVXYContango