1 SPY 508/513 Bull Put Spread
1 SPY Diagonal 530 Call
Rolled my SPY 527 Call out to tomorrow at $0.52 Credit
Recent Updates
CMG VIX Puts
Sold 1 CMG May 17 2024 3050/3100 Bull Put Spread at $0.85 Credit.
Sold 1 VIX May 22 2024 10/12.5 Bull Put Spread at $0.18 Credit.
NVO Call Roll
#coveredcalls
$NVO BTC 5/17 134 call and STO 5/24 136 call at added credit of .15 and $2 more if called away.
SPX
#SyntheticShortStock – Been rolling the short puts out and down during the selloff. With the “V” shaped recovery I’ve been rolling them up and in during the rally. With today’s big bounce I’m bringing them back into tomorrow to get them back in play. Until today most rolls have been for small credits. I’ll take the debit today…still leaves nice gains and I can resume daily selling (unless we tank tomorrow) LOL.
Currently:
SPX May 31 2024 5240.0 Puts @ 27.25
Then:
Rolled SPX May 31 2024 5240.0 Puts to May 16 2024 5260.0 Puts @ 19.00 debit (8.25 total now)
EDIT: Mistyped….19 debit on the roll…not 9. Numbers changed to reflect that.
VKTX Strangle
#shortstrangles
$VKTX STO 5/17 78/72 strangle at 1.40
More GME
Sold 1 GME May 17 2024 18/22/62/70 Short Iron Condor at $0.78 Credit
TQQQ,
STO, June 14, 52 puts at .54
GME Calls
Sold 1 GME 05/17/2024 65/60 Bear Call Spread at $0.33 Credit
ULTY
SPX 0-dte trades 5/15/24
#SPX0dte Sold to Open $SPX May 15th 5185/5205-5315/5335 condors for 1.20, IV 22.23%, deltas -.06 +.07
CPI comes in lower than expected
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent.
The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, the Labor Department’s Bureau of Labor Services reported Wednesday. That was slightly below the Dow Jones estimate for 0.4%.
On a 12-month basis, however, the CPI increased 3.4%, in line with expectations.
Excluding food and energy, the key core inflation reading came in at 0.3% monthly and 3.6% on an annual basis, both as forecast.
https://www.cnbc.com/2024/05/15/cpi-inflation-april-2024-consumer-prices-rose-0point3percent-in-april.html
$GME and $AMC were halted…
$GME and $AMC were halted 34 times today combined…
GameStop
▪ +100% pre-market
▪ +62% at EOD
AMC
▪ +120% pre-market
▪ +32% at EOD
CMG Puts
Sold 1 CMG May 17 2024 3000/3070 Bull Put Spread at $0.85 Credit
SPY Expiration
1 SPY 05/14/2024 510/515 Bull Put Spread – sold on Friday at $0.32
SPY Calls Rolled
Never thought I would have to roll these calls up (again).
Turned the new spread into a 1 day diagonal to account for Fed driven volatility tomorrow
Bought to close 1 SPY 526/523 Bear Call Spread then
Sold to open 1 SPY May 16 2024 533 / SPY May 15 2024 527 Diagonal Bear Call Spread at $0.06 Credit on the rollup
SE
Bought to close 1 SE May 17 2024 45 Put at $0.01. Sold yesterday at $0.32
#Earnings were a non-event
UPST Calls
#coveredcalls
$UPST STO 5/17 32.50 calls at .62
GME
#BullPutSpreads – Thanks @OptionIceman. Paying for my lottery tickets.
Sold GME May 17 2024 25.0/23.0 Bull Put Spreads @ .24
GME Puts
Sold 1 GME May 17 2024 26/30 Bull Put Spread at $0.85 Credit
This crazy run up will probably last a few more days
GME
#LongPuts – Lottery tickets.
Bought GME Jun 21 2024 10.0 Puts at $0.22
SPCE HE LLY
#coveredcalls
#everylittlebithelps
SOLD 17 MAY 2024 3 CALL @.05
—
#rolling
Sto HE from 17 MAY 2024 to24 MAY 2024/ 12 PUT @.10
—
#onlyspreads
SOLD LLY 17 MAY 2024 725/722.5 PUT @.11
NUE Call Spread
Sold 1 NUE May 17 2024 185/180 Bear Call Spread at $0.28 Credit
ULTY YMAG YMAX
#smallbuy
#dividends
#exdivtomorrow
BOT ULTY @16.25
BOT YMAG @20.30
BOT YMAX @20.46
META SBUX AMC TZA Puts
Sold 1 META May 17 2024 437.5/442.5 Bull Put Spread at $0.27 Credit
Sold 1 SBUX May 24 2024/May 17 2024 69/74 Diagonal Bull Put Spread at $0.14 Credit
Sold 1 TZA May 17 2024 16.0 Put at $0.11
Sold 1 AMC May 17 2024 3.0 Put at $0.06
TLT
#CoveredCalls – Haven’t posted much on these but still plugging along. They were ITM for awhile but back in play now. Doubling the divvy.
Sold TLT Jun 21 2024 94.0 Calls @ .45
SPX 0-dte trades 5/14/24
#SPX0dte Sold to Open $SPX May 13th 5145/5165-5265/5285 condors for 1.15, IV 20.62%, deltas -.06 +.06
I decided to hold second half of long May 13th 5260/5280 call spreads through the PPI report. That cost me as we dropped. It’s 5 points below by condor so I will try to sell at an early peak.
SPY Expiration
1 SPY 05/13/2024 513/517 Bull Put Spread – sold Friday at $0.34
TQQQ,
STO June 28, 46 puts at .56 cents.
VIX Index Options
Sold 1 VIX May 22 2024 20/15.5 Bear Call Spread at $0.20 Credit
Sold 1 VIX May 22 2024 12.5 Put at $0.09
Small Puts
Sold 1 WMT May 17 2024 55 Put at $0.06
Sold 1 GME May 17 2024 12 Put at $0.08
Sold 1 URA May 17 2024 29.5 Put at $0.10
Sold 1 SONY May 17 2024 65 Put at $0.15
Sold 1 SE May 17 2024 45 Put at $0.32
#EveryLittleBitHelps
SPY Puts
Extending my Put Ladder
Sold 1 SPY May 17 2024 506/511 Bull Put Spread at $0.35 Credit
Sold 1 SPY May 16 2024 507/512 Bull Put Spread at $0.37 Credit
Sold 1 SPY May 15 2024 508/513 Bull Put Spread at $0.39 Credit
NVDA F
STO NVDA 17 MAY 2024 825/820 PUT @.25
—
#coveredcalls
STO F 17 MAY 2024 12.5 CALL @.13
BOIL CFG CVS FIS GILD VFC VXX WBA
Sold 1 BOIL May 17 2024 17 Covered Call at $0.15
Sold 1 CVS May 17 2024 61.0 Covered Call at $0.08
Sold 1 VFC May 17 2024 13.5 Covered Call at $0.05
Sold 1 WBA May 17 2024 19.0 Covered Call at $0.04
Sold VXX May 17 2024 13.0 Covered Calls at $0.09
Sold 1 GILD May 24 2024 17 Covered Call at $0.18
Sold tiny bits of some old #FallingKnife stocks at 52 week highs:
Sold CFG at $36.38
Sold FIS at $75.71 and $76.05
SPX 0-dte trades 5/13/24
#SPX0dte Sold to Open $SPX May 13th 5200/5230-5235/5265 condors for 12.40, IV 14.29%.
Earnings Week of May 13th
BMY after hours
Despite closing at 44.94, I got a tiny fill on BMY at $43.00 after hours.
OptionsExpiration
Another active #Earnings driven week, That’s about done for this quarter.
Spreads:
AKAM 78/83 Bull Put Spread
CAVA 66/71/81/85 Iron Condor
CMG 3120/3140 Bull Put Spread
DIS 98/103 Bull Put Spread
HIMS 19.5/15.5 Bear Call Spread
HIMS 19/15 Bear Call Spread
HIMS 18.5/14.5 Bear Call Spread
NUE 167.5/172.5 Bull Put Spreads
NUE 175 Diagonal Call
PLTR 16/20/29/33 Iron Condor
SBUX 70/71 Bull Put Spread
SBUX 71 Diagonal Put
SHOP 53/57 Bull Put Spread
SHOP 52/56 Bull Put Spread
UPS 160/148 Bear Call Spreads
UPS 144 Diagonal Put
VXX 18/13 Bear Call Spread
VXX 22/16 Bear Call Spreads
WYNN 86/91 Bull Put Spread
Covered Calls:
BOIL 16.5 Call
CVS 59 Call
CVS 60 Call
GILD 69 Call
SBUX 80 Call
VXX 13 Calls
Assignments:
CLF 19.5 Put
SPY Expiration
1 SPY 05/10/2024 516/519 Bull Put Spread – sold today at $0.30
MARA Put Roll
#shortputs
$MARA BTC 5/10 19 put and STO 5/17 18.50 put at added credit of .05 and .50 less if assigned next week.
NVO Call Roll
#coveredcalls
$NVO BTC 5/10 127 call and STO 5/17 128 call at cost of .20. Misread my screen. Thought this was a credit. Do not like to roll at a debit. Note to self. Go to ophthalmologist.
USOY
BOT USOY @20.04
CLF Put
Bought to close 1 CLF May 10 2024 17.5 Put at $0.01. Sold on a roll last week at $0.67
Economic Calendar 5/13 – 5/17
Starting with this post, I am including only the U.S. items and only “2-bull” and “3-bull” items (ignoring minor items that are rated 1-bull). This is because in recent weeks there have been several 2-bull entries that have caused sharp intraday moves. However, even 3-bull entries for other countries fail to have significant effect. So for the purposes of intraday trading decisions, I hope this is the best use of the Bloomberg website’s calendar. You can find the calendar and make your own filters here: Bloomberg Economic Calendar
Also, you can always find this post quickly by clicking on “Economic Calendar” in the menu at top of this site.
SBUX F
Starting a new SPY Put Ladder
Sold 1 SPY 05/10/2024 516/519 Bull Put Spread at $0.30 Credit
Sold 1 SPY 05/13/2024 513/517 Bull Put Spread at $0.34 Credit
Sold 1 SPY 05/14/2024 510/515 Bull Put Spread at $0.32 Credit (paired with the calls sold yesterday)
SPX 0-dte trades 5/10/24
#SPX0dte Sold to Open $SPX May 10th 5180/5200-5265/5285 condors for 1.35, IV 15.65%, deltas -.11, +.07
This is much more aggressive than usual. My thinking is we are pretty stretched to upside and that we’ll go higher but not THIS much past all-time highs today. But if we do, my long 5160/5180 call spread for May 14th will be making up for any stop loss for today. As for downside, I don’t see a dip happening today.
I will likely take profits on HALF of the long spread today, currently +4.50 in black. Sure enough, the May 10th spread that I took 1.10 in profit on yesterday is over 4.00 this morning.
Markets today
SPY Expiration
1 SPY 05/09/2024 490/495 Bull Put Spread – sold at $0.40
1 SPY 05/09/2024 470/480 Bull Put Spread – sold at $0.60
These are the last of my SPY Puts
I need to reload
SPY Calls
Sold 1 SPY 05/14/2024 526/523 Bear Call Spread at $0.59 Credit
BMY Covered Call Ladder
Sold 1 BMY May 31 2024 47.0 Covered Call at $0.18
Sold 1 BMY May 24 2024 46.5 Covered Call at $0.14
Sold 1 BMY May 17 2024 46.0 Covered Call at $0.09
#EveryLittleBitHelps
AKAM Puts
Sold 1 AKAM May 10 2024 78/83 Bull Put Spread at $0.27 Credit
#Earning tonight
CMG Puts
Sold 1 CMG May 10 2024 3120/3140 Bull Put Spread at $1.36 Credit
Paired off with short call spread sold on Monday
AKAM SONY TRIP small Puts
Sold 1 AKAM May 10 2024 78 Put at $0.10
Sold 1 SONY May 10 2024 74 Put at $0.10
Sold 1 TRIP May 10 2024 17 Put at $0.10
SPX 0-dte trades 5/9/24
#SPX0dte Sold to Open $SPX May 9th 5155/5185-5190/5220 condors for 13.829, IV 16.03%, at 8:46 ET
SPY Expiration
1 SPY 05/08/2024 470/480 Bull Put Spread – sold at $0.55
SBUX Covered Call
Sold 1 SBUX May 17 2024 77 Call at $0.23
XBI
#ShortPuts – Adding. Goal is 1.50 on each additional one.
Sold XBI Jun 21 2024 84.0 Put @ 1.50
SHOP Puts
Sold 1 SHOP May 10 2024 53/57 Bull Put Spread at $0.29 Credit
Sold 1 SHOP May 10 2024 52/56 Bull Put Spread at $0.17 Credit
#PostEarnings
SPX 0-dte trades 5/8/24
#SPX0dte No new trade yet but I did pay to close short put side of May 10th #RiskReversal for .30. Not really threatened, but wanted to clear risk so I can enter a new one.
Upside Warning in effect
#VIXindicator After three consecutive $VIX closes below the 78.6 Fib retracement line, expect the likelihood of higher market over the coming days or weeks.
SPY QQQ Expiration
1 SPY 05/07/2024 480/485 Bull Put Spread – sold at $0.53
1 QQQ May 07/2024 405/415 Bull Put Spread – rolled down to this May 1st
XBI
#ShortPuts – Bait is in the water. Come and get it.
Sold XBI Jun 21 2024 85.0 Put @ 1.67
WYNN Puts
Sold 1 WYNN May 10 2024 86/91 Bull Put Spread at $0.25 Credit
#Earnings tonight
SBUX Diagonal Puts
Bought 1 SBUX May 17 2024 66 Put / Sold 1 SBUX May 10 2024 71.0 Put for a diagonal credit of $0.22.
CELH Put
#shortputs
$CELH STO 5/10 73 put at 1.56
UPS Diagonal Puts
Bought 1 UPS 05/17/2024 139 Put / Sold 1 UPS 05/10/2024 144 Put at $$0.41 Credit
CAVA DIS Put Spreads
Sold 1 CAVA 05/10/2024 66/70 Bull Put Spread at $0.41 Credit
Sold 1 DIS 05/10/2024 98/103 Bull Put Spread at $0.31 Credit
DIS is #PostEarnings
SPX 0-dte trades 5/7/24
#SPX0dte Sold to Open $SPX May 7th 5150/5180-5185/5215 condors for 13.45, IV 16.23%, at 8:24 ET
MARA Covered Strangle
#shortstrangles #coveredcalls
$MARA STO 5/10 19/22.5 Strangle at 1.30
SPY Expiration
1 SPY 05/06/2024 491/496 Bull Put Spread – sold at $0.32
1 SPY 05/06/2024 489/494 Bull Put Spread – sold at $0.35
1 SPY 05/06/2024 480/485 Bull Put Spread – sold at $0.49
SBUX Diagonal Puts
Bought 1 SBUX May 17 2024 67.5 Put / Sold 1 SBUX May 10 2024 72.0 Put for a diagonal credit of $0.26.
XBI
#ShortPuts – Running into resistance so taking these and looking for a June re-load.
Bought to Close XBI May 17 2024 82.0 Put @ .14 (sold for 1.13)
Bought to Close XBI May 17 2024 84.0 Put @ .24 (sold for 1.62)
Bought to Close XBI May 17 2024 86.0 Put @ .47 (sold for 1.30)
Bought to Close XBI May 17 2024 87.0 Puts @ .64 (sold for 1.10)
HIMS Call Spread
Sold 1 HIMS 19.5/15.5 Bear Call Spread at $0.28 Credit
#Earnings
AI NVO Calls
#coveredcalls
$AI STO 5/10 26.5 calls at .13
$NVO STO 5/10 127 calls at .42
SPY
#ShortPuts – I’ll take ’em here.
Bought to Close SPY May 17 2024 495.0 Put @ .48 (sold for 2.34)
Bought to Close SPY May 24 2024 490.0 Put @ .64 (sold for 2.25)
Bought to Close SPY May 31 2024 485.0 Put @ .68 (sold for 2.25)
Options Bistro 