What a hell of a month, and we're still at the start of it. This fucking war and sanctions have put OIL so high into the stratosphere by today that I had to scramble to cover my short-calls. Well isn't that the perfect example of Murphy's law right there. Suncor never went through moves like this and as soon as I short calls, GUESS WHAT!? We go through an explosive spike in oil not seen since the great financial crisis of 2008! Fuck you Murphy! That said, after closing those shorts, I sold a put on COIN while it was hurting. Hours later I check and COIN fell far down past my strike. LOL Sometimes you just can't catch a fucking break no matter what you switch to. Everything's going to shit against me since Putin tried to fuck me over. And he's doing it very well. Alright, I'm going to sit tight until expiration and see how much worse everything gets. Think Russia can finally end the war in less than 10 days? Or will Ukraine be invading the Kremlin by then? Haw!
Expiration Friday is less than 24-hours away, and so tomorrow I'm going to be doing a shit-load of damage-control. Earlier this week I only carried out one more trade, since COIN crashed down to $150 a share... I couldn't resist with my first ever 'weekly' option. Unfortunately I didn't get assigned, because I did want the stock, but I'm ok with the few hundred bucks in a consolation prize. As of the closing for Thursday, seems I've broken another record and the portfolio is burning over 2K of Theta daily. So, for the deltas of my derivatives, here's what's shortly due (seems I may have a bit of fixing to do):
What a day... Quad-Witching! Things crept up my way for a change. I'll still be taking some assignments, which will increase my ETHX holdings by exactly a third. I rolled the other ITM PUTs for ETHH out a month or two. Though, I've got some angels sitting on my shoulder now warning me to watch out for wash-trades. I really need to start to brush up on that pretty soon. I hate thinking about taxes. Considering how bad my strikes were looking just a couple days ago, I only did some relatively few trades today to manage: After seeing what happens by this weekend, on Monday I'll resume some bigger trades (maybe). I'm finally glad to see that all my XEG shorted PUTs are fully expired today. Haha. I shorted those around the time oil went negative. And now OIL just recently shot up to 130 a barrel. Interesting how much a difference only two years can make. It's like the 1973 OIL crisis all over again. At the market close the portfolio stats are looking like this:
And so... just after 3 am this morning, the clearinghouses cleaned up my contracts. And yes, I actually stayed up just to watch, LOL! Updated Account stats after the clean-up:
I was too lazy to post my Friday trades (maybe I'll get to it later). For now, an update.. Seems my first ever Micro-Ether-Futures trade has just expired, and since it's cash settled.... Drumroll please... I made money! Close to a whopping $74. I guess I am a born natural. Next time, I'll have to 10x my contracts. And with that, I'm going to have to take a deeper look into the Futures Options trades for these contracts next.
I thought to myself, there is still quite some excess liquidity I could put to good use the next two months. Decided today I may try to short some PUTs on failed ROKU after its bubble has already popped to help bring my US debts up to neutral (or at least attempt to). Unfortunately, I just watched it all tick up up up and away from the 100 strike level I had wanted to. Seems the tech stocks shot up like a rocket to the moon today... ok so how to take advantage of this? It could all crash back down tomorrow again. Found a good solution: One of the COIN contracts I had recently sold for over 15 was able to close out for close to a tenth of that today. Pretty much a win-win situation and frees up another 20K in liquidity for me. Punched it right before market close. But Roku will have to wait for another day for now.
Second day now and the new Bull run continues. Do I wait for it to run away even higher on me or try to take a piece out of it? I don't go too heavy, but shorted some more contracts, wishing I had done so much sooner. Anyhow, I just don't feel like fighting the market right now, so we'll go with the flow. And... I discovered a new tool today in TWS, which I'll use a lot more now for posting my list of trades:
Tech stocks were in a bit of a slump today. Roku down over 3% by market close so I sniped away at two more shorted PUTs. This clears close to the last thousand bucks I had owing to IBKR in my USD currency. Now I can relax that my 400 Sonos shares I got hit for assignment months ago are finally paid off! Haha. Of course, I'm probably about to get hit for more assignments when my contracts are up, but that's ok. Time to repeat the cycle... As a side-job today, I figured out a trick where I could color-code my options in TWS so that I can quickly see at a glance what options are ITM & OTM. I may have to keep tinkering with it some more in other areas.
So today was another big tech-rally because... Elon did something with Twitter again. Imagine that! I did a couple of my own moves. Shorted 6 more PUTs on Sonos, and I sold out all my CHE.UN shares (300). Don't even ask me why I bought this dog. It was super cheap during the covid plunge, and payed insane dividends. But it never could really recover during covid, and especially now with the growing sanctions daily, this thing looks like it'll be stuck in negative earnings throughout time. So time to cut this out of my portfolio before the dividends get cut also. It seems to me the only thing that was keeping the stock going (besides the cheap money floating around), was a lot of dividend-chasers were simply dog-piling into it. And that does not end well... Oh, and as an interesting sidenote, I just realized that IBKR is paying me $1 so far this month in interest due to leaving cash in my trading account. Haw!
I spent part of last week at Holiday Inn, and sold some more puts while tech wasn't looking so great. Had a great time and enjoyed the rain. Also, I also shorted more PUTs today as well.