#shortputs
$AMZN BTC 6/16 55 put at .10. STO 10/28 at 1.25.
#coveredcalls
$STNG STO 3/31 56 call at .40
Recent Updates
Upside Warning takes effect
#VIXIndicator An Upside Warning took effect at the close today after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. This could mean higher prices in coming days or weeks.
Here is data on last several Upside Warnings.
Nov 23, 2022: close on that day: 4,027. Subsequent high was 4195 on Feb 2. 47 trading days, +4.2%
Aug 5, 2022: close on that day: 4145. Subsequent high was 4325 on Aug 16. 7 trading days, +4.3%
Mar 29, 2022: (failed) close on that day: 4631. SPX did not go higher. UpW was canceled after 6 trading days
Dec 27, 2021: close on that day: 4791. Subsequent high was 4818 on Jan 4. 6 trading days, +0.6%
Oct 18, 2021: close on that day: 4486. Subsequent high was 4743 on Nov 22. 14 trading days, +5.7%
Aug 25, 2021: close on that day: 4496. Subsequent high was 4595 on Sep 2. 6 trading days, +1.1%
Aug 13, 2021: (headfake) close on that day: 4468. Subsequent high was 4480 the next day. Canceled the day after that.
May 28, 2021: close on that day: 4204. Subsequent high was 4393 on July 7. 31 trading days, +4.5%
Mar 15, 2021: close on that day: 3969. Subsequent high was 4238 on May 7. 40 trading days, +6.8%
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%
SPX 1-dte
#SPX1dte Sold to Open $SPX March 31st 3960/3980-4100/4120 condors for 1.00, SPX at 4050, deltas -.06 +.06
March 30th 3975/3995-4085/4105 condors, sold this morning for 1.25
#vixgame #FIFTYCENT BOT VIX 17…
VIX
BOT VIX 17 MAY 2023 [AM] 42.5 CALL @.47
BOT VIX 17 MAY 2023 [AM] 50 CALL @.33 /dollar cost averaging
SPX,
It looks like my put spread is going to expire and we have some numbers out tomorrow so I will not look to put on a trade until after the numbers. I am going to the gym.
SOXL LABU
#kickthecan /harder then normal
rolled SOXL 28 APR 2023/31 MAR 2023 12 CALL @.25
—
#rolling
rolled LABU 6 APR 2023/31 MAR 2023 5 PUT @.12
VXX Calls
Bought to close 1 VXX Mar 31 2022 60.0 Covered Call at $0.02. Sold at $1.21
Bought to close 1 VXX Mar 31 2022 59.0 Covered Call at $0.03. Sold at $0.77
Sold 1 VXX Apr 06 2023 57.0 Covered Calls at $0.45 and $0.47
SPX and QQQ
Taking partials
STC SPX 4100 calendar @2-4, avg cost @0.82
STC QQQ 315 calendar @0.8, avg cost @0.35
both long 4/3 and short 3/31 expirations.
UVXY VXX Put Rolls
Rolled UVXY 5.5 Puts out a week for $.06 and $0.07 Credits
Rolled VXX1 (pre-split) 12.0 Puts out a week for $0.07, $0.10, $0.11 and $0.12 Credits
Bought to close 1 VXX Mar 31 2023 43.5 Put at $0.04. Sold at $0.11.
Sold 1 VXX Apr 06 2023 43.0 Put at $0.38 for a $0.34 Credit at a $0.50 lower strike
#VXXContango
Lots of VXX and UVXY Calls and Bear Call Spreads will be expiring this week
Stocks – Dividend capture
Sold ESS at $204.75
Sold ARE at $123.43
Sold AVB at $162.52
All three of these went Ex-dividend today. I had small gains in these tiny positions so last night I put in sell orders for today at yesterday’s high trade price, never expecting for them to fill after big dividends were no longer included for the buyers.
Since these are all REIT’s, I really think I will get better entry prices in the next 3 months. (52 week lows are about 9 points lower for all three of these)
#RaisingCash
LABU
Bought to close LABU Mar 31 2023 4.0 Puts at $0.01.
Sold on a rolldown last Friday at $0.14
Rolled 1 LABU Mar 31 2023 5.5 Put to next week’s LABU Apr 06 2023 5.5 Put at $0.03 Credit
Sold LABU Apr 06 2023 5.5 Covered Calls at $0.07
SPX 1-dte
#SPX1dte Sold to Open $SPX March 30th (same day) 3975/3995-4085/4105 condors for 1.25, deltas -.07 +.07
Pretty tight range, only 90 points between shorts, but lower premium and volatility should mean lower ATR
STO 3980/4000 put spread at…
STO 3980/4000 put spread at .55 in the premarket and I got wordle on the 4th try
SHOP U Call / STNG Call Close
#coveredcalls
$SHOP STO 3/31 47.50 call at .27
$U STO 3/31 35 call at .16
$STNG BTC 3/31 57 call at .40. STO at $2.40
SPX wait
#SPX1dte I’m going to wait until morning for my condor since I’m only seeing about 1.10 in premium for a spread that’s only 120 wide. After today, we could look at either a pullback or another rally tomorrow.
Expiring: $SPX March 29th 3945/3965-4045/4065 condors, sold this morning for 1.30. Loss on day -.30
SPY TLT
#ShortPuts #SyntheticStock – A few.
SPY: More short term stuff.
Bought to Close SPY MAR 29 2023 396.0 Puts @ .05 (sold for 2.05 and 2.10)
Bought to Close SPY MAR 31 2023 390.0 Put @ .25 (sold for 4.35)
Sold SPY MAR 31 2023 397.0 Put @ 1.25
Sold SPY MAR 31 2023 398.0 Put @ 1.60
Sold SPY MAR 31 2023 399.0 Put @ 1.95
TLT: Added to long term synthetic.
Bought TLT JAN 17 2025 105.0/105.0/75.0 Synthetic Stock /Disaster Puts @ 3.75
Sold TLT APR 6 2023 104.5 Calls @ .90
SOXL VXX Calls
Sold SOXL Mar 31 2023 17.5 Calls at $0.20 and $0.29
Sold 1 SOXL Mar 31 2023 18.0 Calls at $0.19
Sold VXX Mar 31 2023 50.0 Calls at $0.33 and $0.35
#OnlySpreads
VIX LABU SOXL
INTC
Seems that it is close to breaking out (about to cross above the 200-day MA). The MU earning announcement helped
BOIL
Sold to close some of my long BOIL Apr 21 20223 3.0 Puts at $0.35. Bought on 03/06/2023 at $0.17
Sold to Open BOIL 03/31/2023 4.0 Covered and Diagonal Calls at $0.05, $0.06, $0.07 and $0.08
Long stock from last week’s put assignments and still short 3.5 and 4.0 Puts for this week.
#OnlySpreads
SPX triage
#SPX1dte Sold to open $SPX same day March 29th 3945/3965-4045/4065 condors for 1.30, SPX at 4013, deltas -.09 +.07
This is a hedge, partial roll, what ever you wanna call it. I will take a loss on the call side of today’s spread (barring sharp drop) so adding a new spread to recoup some of expected loss.
Downside Warning canceled
#VIXindicator I didn’t notice this until this morning, but futures are certainly showing it. The Downside Warning was canceled at the close yesterday with the $VIX low below 20.00.
SPY
#ShortPuts – A few.
Bought to Close SPY MAR 28 2023 393.0 Put @ .05 (sold for 2.00)
Bought to Close SPY MAR 28 2023 394.0 Put @ .08 (sold for 2.35)
Sold SPY MAR 29 2023 396.0 Puts @ 2.05 and 2.10
SPX 1-dte
#SPX1dte Sold to Open $SPX March 29th 3880/3900-4020/4040 condors for 1.20, SPX at 3965, deltas -.06 +.06
SPX risk off
#SPX1dte Bought to close $SPX March 28th 3915/3895 put spreads for .10. Condors sold yesterday for 1.40.
My stop was NOT hit, but taking risk off after seeing $VIX spike in last hour.
Dates For Next Seven Days
March 29: February Pending Home Sales.
March 30: Q4 GDP-third estimate.
March 31: March Chicago PMI, February Personal Consumption Expenditures (PCE) prices, February Personal Income and Spending, and University of Michigan Final March Consumer Sentiment.
April 3: February Construction Spending and March ISM Manufacturing Index
April 4: February Factory Orders and February Job Openings and Labor Turnover Survey (JOLTS).
SOXL Call Close / TECK AMZN X Call
#coveredcalls #syntheticcoveredcalls
$SOXL BTC 3/31 18.5 call at .05. STO at .74
$TECK STO 3/31 37.5 call at .22
$AMZN STO 3/31 103 call at .16
SOXL
#shortputs
STO SOXL 31 MAR 2023 13.5 PUT @.15
BOIL SOXL VXX Puts
Sold 1 BOIL Mar 31 2023 3.5 Put at $0.20
Sold 1 SOXL Mar 31 2023 14.0 Put at $0.20
Sold SOXL Mar 31 2023 13.5 Puts at $0.14
Calls yesterday, Puts today
Sold 1 VXX Mar 31 2023 44.0 Put at $0.21
Sold 1 VXX Mar 31 2023 43.5 Put at $0.11
#OnlySpreads
SPX,
STO March 28, 3900/3920 put spread at 1.00 in the premarket.
Today’s Possible Market Movers
Wholesale Inventories for February (8:30 a.m.)
FHFA Home Price Index for January (9 a.m.)
S&P CoreLogic Case-Shiller U.S. National Home Price Index for January (9 a.m.)
ECB’s Lagarde Speaks (9:15 a.m.)
Fed’s Barr Speaks (10 a.m.)
The Conference Board’s Consumer Confidence Survey for March (10 a.m.)
Richmond Fed Manufacturing Index for March (10 a.m.)
Treasury Auction – Five-Year Note (1 p.m.)
American Petroleum Institute Crude Oil Inventory Data (4:30
SPX 1-dte
#SPX1dte Sold to Open $SPX Mar 28th 3895/3915-4045/4065 condors for 1.40, SPX at 3985, deltas -.06 +.06
The 6 deltas are in tightest range in a while, only 130 points apart.
Expiring: March 27th 3860/3880-4040/4060 condors, sold Friday for 1.40
LABU BOIL UVXY VXX
Sold LABU Mar 31 2023 5.0 Calls at $0.12, $0.13 and $0.15
Sold BOIL Mar 31 2023 5.5 Covered Calls at $0.05
Sold 1 BOIL Mar 31 2023 3.5 Put at $0.15
Sold BOIL Mar 31 2023 4.0 Puts at $0.35 and $0.45
Sold UVXY Mar 31 2023 5.0 Puts at $0.19 and $0.21
A new Call Ladder for this week
Sold 1 VXX Mar 31 2023 57.0 Call at $0.58
Sold 1 VXX Mar 31 2023 58.0 Call at $0.47 and $0.59
Sold 1 VXX Mar 31 2023 59.0 Call at $0.47
Sold 1 VXX Mar 31 2023 60.0 Call at $0.42
Sold 1 VXX Mar 31 2023 62.0 Call at $0.38
#OnlySpreads
VIX
#vix
BTO 17 MAY 2023 [AM] 50 CALL @.50
SPX,
Looking at the prices in the premarket and not enough premium for me to play today.
SPX 1-dte
#SPX1dte Sold to Open $SPX March 27th 3860/3880-4040/4060 condors for 1.40, SPX at 3970, deltas -.06 +.06
This week’s profit, +4.45
OptionsExpiration
Made the most money this week by fading the big VIX spike. Rolled a lot of VXX and UVXY Covered Calls to next week
==Expired==
BOIL 2/4 Bull Put Spread
LABU 8/6 Bear Call Spread
SOXL 20/17 Bear Call Spreads
SOXL 20/18 Bear Call Spread
UVXY 5.0 Diagonal Puts
UVXY 8/6 Bear Call Spreads
UVXY 8/6.5 Bear Call Spreads
UVXY 8.5/7 Bear Call Spreads
UVXY 9/7.5 Bear Call Spreads
UVXY 9.5/7.5 Bear Call Spread
VXX 43.5 Diagonal Put
VXX 44.5 Diagonal Puts
VXX 46.0 Diagonal Puts
VXX 47.0 Diagonal Puts
VXX 66/53 Bear Call Spread
VXX 67/56 Bear Call Spread
VXX 70/56 Bear Call Spread
VXX 73/59 Bear Call Spread
VXX 72/60 Bear Call Spread
FRC 6.0 Put
UAA 8.5 Put
==Assignments==
Early Assignment on BOIL 6.5 and 6.0 Puts
Adjusted costs are $5.17 and $4.84
(I’ll start writing calls on the stock next week)
AI Puts
#shortputs
$AI STO 3/31 26 calls at $2.00
$AI BTC 3/24 25 calls at .10. STO at 2.95
AMZN SPY TLT XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few.
AMZN: Synthetic covered.
Bought to Close AMZN MAR 24 2023 100.0 Calls @ .05 (sold for 1.75)
Sold AMZN MAR 31 2023 99.0 Calls @ 1.46
Rolled AMZN MAR 24 2023 93.0 Calls to Mar 31 2023 94.0 Calls @ .20 credit (2.25 total now)
Rolled AMZN MAR 24 2023 94.0 Calls to Mar 31 2023 95.0 Calls @ .50 credit (2.30 total now)
Rolled AMZN MAR 24 2023 95.0 Calls to Mar 31 2023 96.0 Calls @ .85 credit (2.50 total now)
SPY: Short puts and covered calls.
Bought to Close SPY MAR 24 2023 392.0 Put @ .05 (sold for 3.50)
Bought to Close SPY MAR 24 2023 392.5 Put @ .05 (sold for 4.20)
Sold SPY MAR 28 2023 393.0 Put @ 2.00
Sold SPY MAR 28 2023 394.0 Put @ 2.35
Sold SPY MAY 05 2023 375.0 Put @ 5.00
Rolled SPY MAR 24 2023 382.0 Call to MAR 31 2023 383.0 Call @ 1.70 credit (12.75 total now)
Rolled SPY MAR 24 2023 385.0 Calls to MAR 31 2023 386.0 Calls @ 1.75 credit (11.15 total now)
Rolled SPY MAR 24 2023 386.0 Calls to MAR 31 2023 387.0 Calls @ 2.00 credit (10.75 total now)
Rolled SPY MAR 24 2023 387.0 Calls to MAR 31 2023 388.0 Calls @ 2.20 credit (10.75 total now)
TLT: Covered and synthetic covered.
Rolled TLT MAR 24 2023 104.5 Calls to MAR 31 2023 105.0 Calls @ .15 credit (.65 total now)
Rolled TLT MAR 24 2023 105.0 Calls to MAR 31 2023 105.0 Calls @ .68 credit (1.80 total now)
XBI: Synthetic covered.
Bought to Close XBI MAR 24 2023 77.0 Calls @ .02 (sold for 1.60)
Sold XBI MAR 31 2023 75.0 Calls @ .76
VXX Calls
Bought to close 1 VXX 03/24/2023 54.0 Call at $0.01
Sold on a roll last Friday at $2.61
Bought to close 1 VXX 03/24/2023 55.0 Call at $0.01
Sold earlier this week at $0.52
SPX and QQQ
BTO SPX 4100 calendar @1.1
BTO QQQ 315 calendar @0.38
both long 4/3 and short 3/31 expirations.
BTW, this week’s QQQ 315 calendar was closed around breakeven, could have been much better if managed properly.
FRC Put
My first gamble in this has paid off so trying again for next week
(This week’s FRC 03/24/2023 6.00 Put is about to expire)
Sold 1 FRC 03/31/2023 3.5 Put at $0.28.
Stock is currently trading at $12.12
Once again: Playing this like I would a cheap biotech stock approaching a binary event like a new drug approval
VXX Puts
Bought to close VXX Mar 24 2023 47.5 Puts at $0.01.
Sold at $0.30, $0.35 and $0.70 on Tuesday
(The premium of this one position covered the cost of ALL my long April VXX Puts)
Rolled them to VXX Mar 31 2023 44.0 Puts at $0.18. Lowered the short strike 3.5 Points.
#VXXContango
LABU BOIL Puts rolled
Bought to close LABU Mar 24 2023 4.5 Puts at $0.12. Sold at $0.16
Rolled them to LABU Mar 31 2023 4.0 Puts at $0.14 for a $0.02 Credit but a big $0.50 improvement in the short strike
Bought to close 1 BOIL Mar 24 2023 4.5 Put at $0.45
Rolled to 1 BOIL Mar 31 2023 4.5 Put at $0.63 for a $0.18 Credit
SPX risk off
#SPX1dte Bought to close $SPX 3845/3825 put spreads for .15. Condors sold yesterday for 1.40.
SPX,
STO 3845/3865 put spread at 2.45 in the pre market. You can do better now. They expire today.
SPX 1-dte
#SPX1dte Sold to Open $SPX March 24th 3825/3845-4035/4055 condors for 1.40, SPX 3954, deltas -.06 +.06.
In time it took me to type this, deltas dropped to -.05 +.05
SPX,
BTC 3800/3900-4070/4090 at 1.00that I sold this morning at 1.70,
STO 3850/3870 at .25cents and BTC at .15 during the sell off so a smaller profit than I thought today but a good week so far. I will wait for the premarket tomorrow for another trade.
Stocks
Tiny trades for some more high yielders
Bought KSS at $21.40
Bought LNC $20.18
Bought VNO at $13.29
Bought TSN at $56.00
Bought CPT at $99.00
Bought MTB at $112.59
Bought ARE at $117.00
Bought AVB at $155.00
#SP500 #FallingKnife
VIX
is exploding higher again
XBI
#CoveredCalls – Assigned early on 79.5 short puts.
Sold XBI MAR 31 2023 76.0 Calls @ .75
VXX
Rolled 1 VXX Mar 24 2023 56.0 Covered Call to 1 VXX Mar 31 2023 58.0 Covered Call at $0.78 Credit.
Pushed the short strike up 2 points
Rolled 1 VXX Mar 24 2023 57.0 Covered Call to 1 VXX Mar 31 2023 59.0 Covered Call at $0.64 Credit.
Pushed the short strike up 2 points
Rolled VXX Mar 24 2023 47.5 Covered Calls to VXX Mar 31 2023 50.0 Covered Calls at $0.17 Credit.
Pushed the short strike up 2.5 points
Rolled old pre-split VXX1 Mar 24 2023 12.5 Puts to VXX1 Mar 31 2023 12.0 Puts at $0.03 Credit
Lowered the short strike $0.50.
Bought to close VXX Mar 24 2023 45.0 Puts at $0.01. Sold earlier this week at $0.12 and $0.22
#VXXContango
UVXY Rolls
Partial Position
Bought to close UVXY Mar 24 2023 5.0 Covered Calls at $0.16 and $0.17
Sold to open UVXY Mar 31 2023 5.5 Covered Calls at $0.23 and $0.24
Rolled out my UVXY Mar 24 2023 5.5 Puts to next week for a $0.19 Credit
SPX stopped
#SPX1dte Bought to close $SPX March 23rd 4025/4045 call spreads for 1.75. Condors sold yesterday for 1.25. Took a small loss in light of fact yesterday’s high was 4039 and with current volatility we could see rally to that level easily.
After that, still tracking at +3.60 for the week, so above my 3.00 goal.
SOXL
#rolling
STO SOXL 31 MAR 2023/24 MAR 2023 17 CALL @.51
Stocks
Didn’t notice yesterday’s tiny fills of some high yielders with all the Fed drama
Bought AAP at $117.00
Bought ESS at $202.80
#SP500 #FallingKnife
SPX< STO 3880/3900-4070/4090 iron condor…
SPX<
STO 3880/3900-4070/4090 iron condor in the premarket at 1.70
SPY
#ShortPuts – A few.
On the rally:
Bought to Close SPY MAR 22 2023 394 Puts @ .37 (sold for 3.15 avg.)
On the selloff:
Sold SPY APR 06 2023 387.5 Put @ 3.50
Sold SPY APR 14 2023 387.5 Put @ 3.75
Sold SPY APR 21 2023 385.0 Put @ 4.00
Sold SPY APR 28 2023 380.0 Put @ 4.44
Rolled the dice on this one:
Rolled SPY MAR 22 2023 397.0 Put to MAR 24 2023 392.0 Put @ .02 credit (3.50 total now)
SPY SPX
SPY OptionsExpiration
1 SPY Mar 22 2023 403.0 Call, sold yesterday on a rollup at $1.26.
No more short calls or puts on SPY at the moment. 🙂
SPX 1-dte
#SPX1dte Sold right after closing bell, $SPX March 23rd 3825/3845-4025/4045 condors for 1.25, deltas -.06 +.06
Expired: March 22nd 3900/3920-4085/4105 condors, sold just over an hour earlier for 1.15
My 4100/4120 call spread and…
My 4100/4120 call spread and 3900/3920 put spread will expire at zore and I want to see what happens over night in Asia and Europe overnight.
SPX Sameday
#spxcampaign
STO $SPX 3940/3960 – 4040/4060 at .70 Sold at 3:25 Eastern
SPX, STO March 22, 3900/3920…
SPX, STO March 22, 3900/3920 put spread at .20
SPX same day
#SPX1dte Sold to Open $SPX Mar 22nd 3900/3920-4085/4105 condors for 1.15. Sold just after Powell started taking questions.
SPX,
STO March 22, 4100/4120 call spread at .60
Markets
Remember, the first 37 moves are a head fake.
SPY on the Fed move
Sold to close one of my long hedges: 1 SPY 03/22/2023 408.0 Call at $0.30
2 hours until expiration
QQQ
Plenty IV skew to go around, not surprisingly.
BTO Mar-23-23/Mar-22-23 315 Call Calendar @ 0.56
BTO Mar-27-23/Mar-22-23 315 Call Calendar @ 1.26 – intend to roll the short
BTO Mar-27-23/Mar-24-23 315 Call Calendar @ 0.38
not sure which timeframe will work out the best, so I did three. will take the first partial on 100%
VXX Call Rolled and Put sold
I still have some of the old VXX pre-split Covered Calls
Bought to close VXX1 Mar 24 2023 11.5 Calls at $0.61. Sold on a roll last week at $1.90.
Rolled them to VXX1 Mar 31 2023 12.0 Calls at $0.66 for a $0.05 Credit.
(Like rolling 46.0 Calls to 48.0 Calls)
Also sold 1 VXX 03/24/2023 43.5 Put at $0.15.
#OnlySpreads
VIX index is not worried
Not about banks. Not about the Fed either
CHART OF THE DAY
SPY OptionsExpiration
1 SPY 365/386 Bull Put Spread
No short SPY puts left going into tomorrow’s fed announcement
SPX
BTO SPX Mar-27-23/Mar-24-23 4100 call calendar @1.8
SPY
#optionsexpiration
expired SPY 100 21 MAR 2023 400/404/385/381 CALL/PUT /sold @.32
btc the 400 short for .02 @2.57 cst. was not a problem till EOD.
SPY
#ShortPuts – A couple more. Gotta take ’em on a rally like this.
Bought to Close SPY MAR 22 2023 390.0 Put @ .40 (sold for 4.40)
Bought to Close SPY MAR 22 2023 392.0 Put @ .66 (sold for 3.70)
Options Bistro 