Sold to close 1 SPY Jan 06 2023 350.0 Put at $0.71. Bought at $0.69.
This was the long side of a diagonal spread I put on Monday.
The short side already expired
#WinWin
Tag Archives: WinWin
VXX Puts
Due to expire Friday and still out-of-the-money
Sold to close VXX Dec 16 2022 14.0 PUTS at $0.27, $0.29, 0.31 and $0.33
Bought on 10/17 at $0.15 and $0.20 and again on 10/25 at $0.07 and finally on 10/31 at $0.06
#VXXContango #WinWin
VXX Puts
As they expire soon, starting to liquidate the long side puts I’ve used to hedge many of my #VXXContango Spreads
Sold to Close 1 VXX Dec 16 2022 15.0 Put at $0.66.
Bought way back on 10/17 at $0.28. Covered the cost in the first week of writing against it.
#WinWin
Also: Sold to open 1 VXX Dec 16 2022 14.5 Put at $0.36.
Sold against VXX Jan 13.0 Puts already long in the account.
#VXXContango
SOXL Calls
Sold an old long Call position:
Sold SOXL Nov 11 2022 12.5 Calls at $0.22. Bought at $0.17 and $0.18
#WinWin
Rolled short SOXL Nov 11 2022 11.5 Calls to SOXL Nov 18 2022 12.0 Calls at $0.02 Credit
Rolled short SOXL Nov 11 2022 11.0 Calls to SOXL Nov 18 2022 11.0 Calls at $0.20 Credit
Rolled short SOXL Nov 11 2022 10.5 Calls to SOXL Nov 18 2022 10.5 Calls at $0.13 Credit
#OnlySpreads
VXX and UVXY
Sold to close 1 VXX Nov 18 2022 17.0 Put at $0.62 after writing against it multiple times.
Bought on 10/17/2022 at $0.20
#VXXContango #WinWin
Sold UVXY Nov 11 2022 11 Calls at $0.17. Paired with short puts already in the account
SPY SLV SOXL TNA
Not doing too much on the open, but a few things filled:
Bought SLV Nov 11 2022 15.0 Puts / Sold SLV Oct 14 2022 17.0 Puts at $0.02 Credit
Bought SOXL Nov 18 2022 4.0 Puts / Sold SOXL Oct 14 2022 6.5 Puts at $0.03 Credit
Bought 1 SPY Nov 02 2022 300.0 Put at $0.69
Sold 1 SPY Oct 19 2022 335.0 Put at $1.35 for a $0.66 Credit
Sold to close 1 extra long TNA Oct 21 2022 26.0 Put at $0.98
Bought on 09/19 as the long side of a diagonal put spread at $0.60. The short side was rolled then expired last Friday. #WinWin
SOXL TQQQ TNA UVXY
Random trades on the open:
Sold to close excess long SOXL Oct 14 2022 8.0 Puts at $0.29. Bought on 09/13 at $0.26 and they were free after the first week’s write against them
Sold SOXL Oct 14 2022 8.5 Puts at $0.41.
Sold to close 1 excess long TQQQ Oct 14 2022 20.0 Put at $1.35. Bought on 09/13 at $0.80.
Sold TNA Oct 14 2022 36.0 Calls at $0.16
Sold TNA Oct 14 2022 34.5 Calls at $0.43
Sold to close excess long UVXY Oct 14 2022 15.0 Calls at $0.35 Bought on 09/20 at $0.32 and they were free after the first week’s write against them.
VXX Call Profits
Liquidating some excess long calls left over from last weeks diagonal spreads
Sold VXX Oct 07 2022 25.0 Calls at $0.46. Bought at $.0.12 and $0.14
Sold VXX Oct 07 2022 25.5 Calls at $0.36. Bought at $.0.16
Sold VXX Oct 07 2022 28.0 Calls at $0.24. Bought at $0.06
#WinWin
TNA Puts
Rolled 1 TNA Sep 23 2022 32.0 Diagonal Put to 1 TNA Sep 30 2022 31.0 Put at $0.24 Credit
Liquidated some long Puts for small gains. These expire today.
Sold to Close 1 TNA Sep 23 2022 31.0 Put at $0.78. Bought at $0.64
Sold to Close TNA Sep 23 2022 30.0 Puts at $0.40. Bought at an average price of $0.38
#WinWin #OnlySpreads
UVXY vs. VXX
Once again:
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 predictable contango loss.
Sold to close VXX Oct 21 2022 12.0 Puts at $0.18. Bought on 07/01 at $0.15 and wrote against it several times including covering the entire cost the first week. #WinWin
Bought to open UVXY Nov 18 2022 4.0 Puts / Sold to Open UVXY Aug 19 2022 8.5 Puts at $0.03 Credit and more at $0.08 Credit for the first week.
Long DTE = 100
Short DTE = 4
Bought to open UVXY Jan 20 2023 3.0 Puts / Sold to Open UVXY Aug 19 2022 8.5 Puts at $0.03 Credit for the first week.
Long DTE = 158
Short DTE = 4
#UVXYContango
Exiting a TLRY Spread
Bought to close TLRY 04/01/2022 8.5 Calls at $0.01. Sold last Friday at $0.84 and $0.91.
Sold to close TLRY 04/08/2022 10.0 Calls at $0.23. Bought these on 03/23 at $0.05.
#WinWin on both sides of the spread
VXX Puts
Sold more long Puts
Sold to close VXX May 20 2022 15.0 Puts at $0.24. Bought on 03/17/2022 at $0.05.
Fully paid for with a #VXXContango spread for that week.
#WinWin
VXX Crazy
Sold these with the stock around 28.50
1 VXX Apr 01 2022 50.0 Call at $0.55
1 VXX Apr 01 2022 49.0 Call at $0.57
1 VXX Apr 01 2022 48.0 Call at $0.61
1 VXX Apr 01 2022 47.0 Call at $0.63
1 VXX Apr 01 2022 46.0 Call at $0.79
The VIX is up only 4%. VXX is up 13% so the short squeeze is still in effect on VXX because they are not creating new shares
#OnlySpreads
A whole lota TSLA goin’ on
Bought to close TSLA 01/07/2022 885.0 Puts at $0.02
Closed both sides of my TSLA 880/1015 Diagonal Calendar Bull Put spread at a Credit of $1.75.
Sold this spread on Wednesday for a small Credit so a #WinWin as I had a gain on both sides of the spread.
Then I sold 1 TSLA Jan 14 2022 840.0 Diagonal Put at $1.60 against long Jan monthly Puts.
#OnlySpreads
LABU Put
Closed a long Put for a slight gain after writing against it many, many times since I bought it.
Sold to close 1 LABU Dec 17 2021 35.0 Put at $3.23.
Bought this way back on 07/14/21 at $3.18.
(Sold 1 LABU Jul 23 2021 60.0 Put against it at $3.23 and bought it back at $0.54.
Replaced it with 1 LABU Jul 30 2021 55.0 Put at $1.22 and bought that back at $0.68.
Replaced it with 1 LABU Aug 06 2021 50.0 Put at 1.23 and that expired.
….. And so on and so on until today)
#WinWin
TSLA – unwinding a spread
Bought to close 1 TSLA Dec 10 2021 960.0 Call at $43.95. Sold on a rollup on Friday at $70.88
Sold to close 1 TSLA Dec 17 2021 1,000.0 Call at $44.00. Bought to open this on 09/27 at $9.79.
I haven’t tracked how many times I’ve rolled the short side up since September but each roll has been for a credit so this has to be a #WinWin Trade.
I also dumped all my long puts for the coming week at gains.
Sold to close 1 TSLA Dec 10 2021 700.0 Put at $1.20. Bought as the long side of last week’s BCS
Sold to close 1 TSLA Dec 10 2021 750.0 Put at $1.98. Bought as the long side of last week’s BCS
RIVN long Put closed
Sold to close 1 RIVN Jan 21 2022 70.0 Put at $3.20.
Bought as part of a Diagonal Bull Put spread on 11/17 at $2.17.
Wrote against it several times and recovered the cost at least twice, and now out of this long with a point profit.
#WinWin
TSLA – closing long call
Finally dumped the extra long TSLA December call left over from a successful diagonal trade from late October.
Here’s how it went down:
10/27 Bought TSLA Dec 1250 Call @ 29.20
10/27 Sold TSLA 10/29 1050 Call @ 31.80
10/29 Bought TSLA 10/29 1050 Call @ 53.21
10/29 Sold TSLA 11/05 1080 Call @ 53.80
11/04 Bought TSLA 11/05 1080 Call @ 153.43
11/04 Sold TSLA 11/12 1100 Call @ 155.93
11/12 Bought TSLA 11/12 1100 Call @ 0.02
11/17 Sold TSLA Dec 1250 Call @ 30.00
#WinWin
BITO Put
Sold to close 1 BITO Dec 17 2021 27.0 Put at $0.55. Bought at $0.52
The short 37 Put I had written against it expired Friday so a #WinWin spread trade.
This is not as volatile as I had hoped so exiting with gains rather than continue playing with it.
COIN Put
Sold the last of my long Puts in COIN
Sold 1 COIN Oct 22 2021 175.0 Put at $1.65. Bought at $1.42 as a long hedge on a past diagonal spread.
No more risk positions in this name to deal with.
#WinWin
TNA Put
Liquidated one of the long Puts held as a hedge against an old short put position that expired on 09/03.
Sold to close 1 TNA Oct 01 2021 70.0 Put at $1.85. Bought at $1.52.
#WinWin
TQQQ Put
Liquidated one of the long Puts held as a hedge against an old short put position that expired on 09/03.
Sold to close 1 TQQQ Oct 01 2021 100.0 Put at $0.86. Bought at $0.42.
#WinWin
COIN Put
Liquidated one of the long Puts held as a hedge against an old short put position that expired on 09/10
Sold to close 1 COIN Oct 15 2021 170.0 Put at $0.80. Bought at $0.75.
#WinWin
VXX long calls
Exiting long Calls the were hedges for last week’s short calls that expired worthless
Sold to Close for gains:
VXX Oct 08 2021 54.0 Calls at $0.40 (bought at $0.34)
VXX Oct 08 2021 49.0 Call at $0.54 (bought at $0.48)
VXX Oct 08 2021 48.0 Calls at $0.70 (bought at $0.47)
#WinWin
SLV long puts closed
Sold to close SLV Aug 20 2021 21 Puts at $0.20.
Bought these back on 5/23 at $0.17.
I’ve written against it at least 6 times, collecting at least twice the original cost.
#WinWin
LABU Put
Sold to close 1 LABU Aug 20 2021 40.0 Put at $0.65. Bought at $0.61.
This was one of the long hedges against the short LABU 07/23/2021 58.0 Diagonal Put that expired Friday.
#WinWin
TQQQ call
Sold to close 1 TQQQ 07/30/2021 135.0 Call @ 1.01. Dumping it as I think it is destined to expire with the strike price above the all-time high of 134.08.
Bought it on 06/21 at $0.81 as the long side of a diagonal spread.
The short has already expired so a #WinWin trade
I think this might be a good one to short for next week as well.
LABU Put
Sold to close one of my extra long LABU Aug 20 2021 40.0 Puts at $1.05.
Bought it on 06/22 at $0.77 as part of a diagonal spread where the short is already gone.
#WinWin
TQQQ Put
Sold 1 close 1 TQQQ Jul 23 2021 110.0 Put at $0.90.
Bought it on Thursday at $0.54 as the long side of a quick hit diagonal put spread where the short expired Friday
#WinWin
GME
Closing down one of my two Bear Call spreads 2 days early.
My guess is that the long call will drop away faster than the short in the next two days.
Bought to close GME 06/18/2021 260.0 Call / Sold 1 GME 06/25/2021 310.0 Call @ $4.10 Credit
I got a credit on the original spread and ADDED to the credit as I rolled the short up and out for a few weeks.
A #WinWin trade and I remove a $5k spread requirement several days early
GME – closing a diagonal
Bought to close 1 GME 06/11/2021 260.0 Call / Sold to close 1 GME 06/18/2021 310.0 Call @ 0.05 Credit
I’ll have to do some research to calculate the final gain because I rolled the short twice for a credit, and got a credit on the original spread.
So a #WinWin trade with a credit in and a credit on the way out.
TSLA Diagonal Closed
On Tuesday afternoon I Bought to Open 1 TSLA May 21 2021 975 Call / Sold to Open 1 TSLA Apr 16 2021 775 Call at $1.20 Net Credit.
Today I closed both sides @ $5.80 Credit.
Total gain in 2 days was $7.00 and it frees up significant buying power.
#WinWin with a credit in and another credit out
WFC Calls – closing the long
Sold to close WFC 04/16/2021 42.50 Calls at $0.33
Bought these on 01/22 at $0.21 and again on 02/08 @ $0.23.
They have been acting as long hedges against short diagonal calls since then.
The last of the writes against these were the 40.50 and 41.00 short diagonal calls that expired Friday.
#WinWin
TSLA Diagonal Closed
On Monday I bought to Open 1 TSLA May 21 2021 900.0 Call / Sold to Open 1 TSLA Apr 09 2021 725.0 Call @ 0.60 Credit.
Today I closed both sides @ $5.60 Credit.
Total gain in 3 days was $6.20 and it frees up significant buying power.
#WinWin with a credit in and another credit out
UVXY – Closing a long Put position
Sold to close UVXY Apr 16 2021 5.0 Puts @ 0.23.
Purchased these on March 1st @ 0.04 while writing March 5th 8.0 Puts against them that ultimately expired.
A #WinWin on a #UVXYContango trade.
I’m still long June 4.0 and 5.0 Puts that I continue to write against.
The next reverse split can’t be too far off with the stock at 5.40
VXX Puts Closed
Bought to close VXX 03/19/2021 12.50 Puts @ 0.01. They won’t trade any lower.
Sold at an average of 0.15 over the last week.
Also liquidated my long VXX 03/19/2021 14.0 Puts @ 0.73.
Bought these 09/09/2020 @ 0.64 & 0.71 and 10/08/2020 @ 0.56 and have been writing WEEKLY against them ever since.
GME Puts
Sold to close 1 GME Mar 19 2021 90.0 Put @ 2.87. Bought it Thursday @ 2.85. So just a breakeven.
It was a hedge against a GME 03/12/2022 195.0 Put was sold Thursday @ 2.65 and that expired Friday.
Another #WinWin Spread
TLRY
Friday I closed out some TLRY MAR 12 2021 $28.0 short calls @ 0.01 right at the market close.
Today I dumped part of the long position that was hedging the short.
Sold to close TLRY Apr 01 2021 60 Call at $1.37 for a nice gain.
Another #WinWin spread
AMC
Closed out the long hedge I had against last Friday’s AMC strike 12 Calls that expired worthless.
Sold to close AMC Apr 01 2021 22.0 Calls at $1.03. Bought them at 0.90 and 1.01 on 03/10
#WinWin on both sides of the spread.
GME Round Trip
At 11:40 this morning I put on the following GME Bear Call Diagonal
Bought Mar 19 2021 380.0 Call / Sold GME 03/12/2021 280.0 @ 2.60 Credit
Just now (1:42) I closed it out at 13.00 Credit – eliminating a big spread risk in the process
Big #WinWin with a credit in and a credit out
If GME gets back above 330 I’ll look to put something similar on at higher strikes this time.
Closing GME Puts
Dumped a couple more extra long Puts at a gain after the short puts sold against them expired last Friday.
Sold to close GME FEB 12 2021 $17 PUTS @ 0.80. Originally bought them @ 0.75.
#WinWin on the original spread.
GME at 56.50
Done with GME trades for today
GME Diagonal Puts
Bought to open GME Mar 19 2021 6.0 Puts / Sold to Open GME Feb 12 2021 18.0 Puts at $0.22 Credit
I’ve got a whole bunch of naked and hedged short puts expiring tomorrow plus I’m already long more puts than I am short.
Options Bistro 