Sold a tiny bit of SPY at it’s old 52-week high of $431.73
Bought on 09/30/2022 at $357.15
Have 1 more tiny bit at $349.43
Recent Updates
Expirations
#optionsexpiration
$RIOT 12 call
$CROX 113call
$CROX 123call
$U 37.5 call
SPX BUCS
#bucs
$SPX BTO 6/16 4375/4385 BUCS at 1.30
SPY
#ShortPuts #TakeOneForTheTeam – C’mon Mr. Market. Here ya go. Selling this week’s low for next week.
Sold SPY JUN 16 2023 426.0 Puts @ 1.72
TLT XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – Letting go of XBI stock this week and probably SPY next week (unless we have a massive selloff). With SPAXX money market (Fidelity cash sweep) paying close to 5 percent cash is king. Layer a little put selling on top of that and continue building a long bond position for the inevitable rate cuts.
TLT: A variety pack. Covered, synthetic covered, and adding to short puts.
Bought to Close TLT JUN 09 2023 103.0 Calls @ .01 (sold for .59 and .74)
Bought to Close TLT JUN 09 2023 103.5 Calls @ .01 (sold for .57)
Sold TLT JUN 16 2023 104.0 Calls @ .28
Sold TLT JUN 16 2023 103.0 Put @ 1.34
Sold TLT JUN 16 2023 104.0 Put @ 2.08
XBI: Goodbye and hello.
Stock will be called @ 79.50 (basis 75.25 and many many calls sold against) Thanks old buddy!
Sold XBI JUL 21 2023 85.0 Put @ 2.00
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“Bonds should once again offer hedge and diversifying potential in portfolios that have riskier allocations, given the considerable room for rates to rally in the event of a growth shock and/or if the Fed pivots and eases, as well as the yield cushion being a multiple of years prior.”
https://www.nasdaq.com/articles/the-great-yield-reset-bond-etfs-and-the-generational-opportunity-in-fixed-income
SPX down and out
#SPX1dte Well, that kinda blew up in my face… it was only a glancing blow but sucks nonetheless. BTC 4290/4270 put spreads for 2.50.
Today will likely be one where I was stopped out on both ends but the day will end safely in between… however, it’s only because I tried the #ReverseRoll. But it reduced my week from being best in 4 months to just being average.
Last Friday made my week, this one torpedoed it.
BIZD XYLD XRMI GOF XRMI LABU SOXL
#raisingcash
#waiting for next leg down
SOLD BIZD @15.16
SOLD XYLD @41.25
SOLD XRMI @20.77
SOLD XRMI @20.54
—
#dividendcapture
Monday is ex div day
BOT GOF @15.8299
—
#shortputs
STO LABU 16 JUN 2023 6.5 PUT @.13
STO SOXL 16 JUN 2023 20 PUT @.25
TQQQ,
FYI, I have been selling the January 2025 40 puts, cost now is 12.37 and buying the 40 calls with the premium cost now is 9.38 so I have an 18 month trade for this to work and worst case is that I own the stock at $40 in 2025.If we get a real bull market before 2025 I will be happy.
SPY,
STO July 28, 395 puts at 1.31
SPX stopped
#SPX1dte. Bought to close call side for 1.30. Stop not yet hit when I closed this, but I’m not letting a Friday ruin a good week. $TICK has been below zero most of the day but $VIX dropping and $SPX moving higher. This may be the start of the rally we’ve been waiting for.
Looking to enter a couple more bullish positions, maybe another put spread for today and another long term #RiskReversal since the one I bought on Monday is fizzling out.
SPX same day
#SPX1dte Sold to Open $SPX Jun 9th 4235/4255-4335/4355 condors for .85, deltas -.06 +.05, IV 19%
#raisingcash SOLD EPD @26.31 #to…
EPD
#raisingcash
SOLD EPD @26.31
#to the moon Alice
Been sitting on my hands this week
market can reverse gears anytime now!
SPX risk off
#SPX1dte Bought to close $SPX Jun 8th 4310 calls for .10. Got a good week going so not gonna let a surprise move ruin it.
XBI
#ShortPuts – Letting the last of my stock get called this weekend. Been in this thing for 18 straight months now so a small placeholder just to stay involved and hopefully be able to averge down to a bigger position.
Sold XBI JUL 21 2023 85.0 Puts @ 2.14 and 2.19
VXX
Falling hard here. Closing some long puts approaching expiration
Sold to close VXX 06/16/2023 28.0 Puts at $0.68, $0.72 and $0.76
Bought at $0.03 in late April and early May
Sold to close 1 VXX 06/16/2023 27.0 Put at $0.34
Bought at $0.03 in early April.
Sold to close 1 VXX 06/16/2023 26.0 Put at $0.11
Bought at $0.03 in early April.
New long Puts
Bought VXX Sep 15 2023 15.0 Puts at $0.04
Bought VXX Aug 18 2023 17.0 Puts at $0.03 and $0.04
Bought VXX Jul 21 2023 21.0 Puts at $0.04
#VXXContang0
SPX same day
#SPX1dte Sold to Open $SPX Jun 8th 4210/4230-4310/4330 condors for .95, deltas -.07 +.06, IV 19.4%
UVXY finally reverse splitting
Along with $VIXY and $BOIL
https://www.proshares.com/press-releases/proshares-announces-etf-share-splits
$UVXY 1:10 reverse split effective as of 6/23.
Trades
Sold 1 CMA 06/09/2023 44.5 Call at $0.73
Sold 1 ZION 06/09/2023 32.5 Call at $0.15
Sold 1 SOXL 06/09/2023 24.0 Call at $0.27
Bought to close VXX 06/09/2023 38.0 and 39.0 Calls at $0.02
Sold VXX 06/09/2023 31.0 Calls at $0.19, $0.20, $0.21, $0.24 and $0.25
#DoubleDip
Sold VXX 06/16/2023 33.0 Calls at $0.47
PNR WHR ESS AVB stocks
Lightening up on some OLD tiny stock positions:
Sold out of PNR at $60.48 and $60.85, just pennies from the 52-week high.
Bought in March, May and September 2022 at $54.00, $48.00 and $42.45
Sold WHR at $144.60. Bought in September 2022 at $139.53.
Sold ESS at $231.01. Bought in October and November 2022 at $230.00 and $$207.00
Sold AVB at $185.78. Bought in October 2022 at $175.00
#FormerFallingKnife #RaisingCash
SPX risk off
#SPX1dte Bought to close put side for .10… my stop was not hit but it got close, so taking risk off as I will be away from computer into close. Profit for day is 1.15.
SNOW
#ShortPuts – Back in again. Selling at the expected move and near the 50 day.
Sold SNOW JUL 07 2023 150.0 Puts @ 2.25
SPY
#ShortPuts – Not adding but rolling up aggressively. C’mon Mr. Market!
Rolled SPY JUN 30 2023 405.0 Put to JUN 30 2023 420.0 Put @ 1.75 credit (5.35 total now)
Rolled SPY JUN 30 2023 405.0 Put to JUN 30 2023 425.0 Put @ 3.15 credit (6.75 total now)
U CROX Call
#coveredcalls
$U STO 6/9 37.50 call at .41
$CROX STO 6/9 123 call at 1.50
SPX same day
#SPX1dte Sold to Open $SPX June 7th 4230/4250-4320/4340 condors for 1.25, deltas -.09 +.07, IV 18.9%
This is more aggressive on deltas to get some premium. Tight range established last couple of days needs to continue for this trade to succeed.
AI Strangle
#shortstrangles
$AI STO 6/9 33/37.50 at $2.15
SPY XBI
#ShortPuts – Taking a lot of risk off.
SPY:
Bought to Close SPY JUN 16 2023 405.0 Put @ .30 (sold for 3.00)
Bought to Close SPY JUN 16 2023 410.0 Put @ .44 (sold for 4.10)
Bought to Close SPY JUN 23 2023 405.0 Put @ .55 (sold for 4.05)
XBI:
Bought to Close XBI JUN 16 2023 80.0 Puts @ .13 (sold for 1.30)
SOXL
Sold SOXL Jun 16 2023 17.5 Puts at $0.18 and $0.19
Offsetting this week’s short calls in SOXL
SPX same day
#SPX1dte Sold to Open $SPX June 6th 4215/4235-4310/4330 condors for .90, deltas -.07 +.05, IV 19.3%.
The IV for today’s chain was only 12.9% before the close yesterday. That extra IV that comes in overnight is why these morning trades have been the better bet. But now that the market isn’t swinging much overnight the choice is tougher. For the same premium 15 minutes before yesterday’s close, I could have gotten 5 more points on put side and 10 more on call side (-.06 +.06 deltas)
Upside Warning in effect
#VIXindicator An Upside Warning went into effect at the close on Monday, meaning probable upside to the market in coming days or weeks. This one comes after the previous UpW was canceled on May 2nd, but no Downside Warning resulted. The market chopped around for a month but stayed fairly strong.
Trades
Sold BOIL Jun 16 2023 3.0 Covered Calls at $0.12
Sold BOIL Jun 23 2023 3.5 Covered Calls at $0.05
Sold 1 KRE Jun 09 2023 39.0 Put at $0.15
Sold 1 KRE Jun 09 2023 38.5 Put at $0.11
Sold LABU Jun 09 2023 7.5 Calls at $0.06
Sold 1 TGT Jun 09 2023 125.0 Put at $0.46
Sold UVXY Jun 23 2023 4.0 Covered Calls at $0.07
Sold VXX Jun 09 2023 34.0 Covered Calls at $0.30 and $0.33
Sold 1 VXX Jun 09 2023 35.0 Covered Call at $0.23
Sold VIXW Jun 07 2023 17.0 Calls at $0.25 and $0.32
SPXpire
#SPX1dte Today’s same-day trade expiring, sold this morning for 1.05. It still looks like a better bet to sell in the morning, as afternoon trades give slightly LESS premium per delta, and only 5 to 10 points of extra width.
CROX Call
#coveredcalls
$CROX STO 6/9 113 call at 1.12
TSLA Call
#syntheticcoveredcalls
$TSLA STO 6/9 230 call at 1.34
SPY,
STO July 14, 390 puts at 1.01
Risk Reversal
#SPX1dte Adding a longer term bullish position:
Sold to open $SPX Jun 16th 4075/4055 put spreads
Bought to open $SPX Jun 16th 4450/4470 call spreads
Net DEBIT .30
I’ll use expected move for the put side stop-out, which is currently 91 points, so SPX 4166. I’ll look for 5.00 or more if we fly up this week, but lower my goal if we stall out or rise slowly.
SPX same day
#SPX1dte Sold to Open $SPX Jun 5th 4220/4240-4320/4340 condors for 1.05, deltas -.07 +.07, IV 19.8%
#optionsexpiration F 12 put sto…
F 12 put sto @.23 avg
LABU 6 put sto@.24
#assignment
SOXL 12 calls
could not roll for credit, start wheel over with cash.
SPX profit
#SPX1dte Sold to close the remaining call spreads for 5.00 and 6.00, with a few contracts expiring for 0.00. My main account saw composite profit of 2.78 on the trade.
Tough decisions being long when high of day and close are ATM. Obviously sold the first half too cheaply but you can only say that in hindsight. I have tried these trades many times and this is a rare time I was correct about the move and how far it would go.
LABU Calls
Rolled LABU May 02 2023 6.0 Calls out a week at $0.12 Credit
Rolled LABU May 02 2023 6.5 Calls up to LABU May 09 2023 7.0 Calls at $0.02 Credit
#OnlySpreads
SPY
#ShortPuts – Taking these a couple weeks early.
Bought to Close SPY JUN 16 2023 395.0 Put @ .26 (sold for 3.00)
Bought to Close SPY JUN 16 2023 400.0 Put @ .33 (sold for 3.01)
TLT
#ShortPuts – Adding.
Sold TLT JUN 16 2023 104.0 Puts @ 2.00
SPY
#ShortPuts – Bought to Close SPY JUN 09 2023 415.0 Put @ .33 (sold for 5.60)
TEL VZ Stock
Sold my last tiny bit of TEL at $126.01 Bought on 06/16/2022 at $115.91.
#FormerFallingKnife
Added to my tiny position in VZ on the open at 34.43. Div = 7.3%
#FallingKnife
VIX Puts
Sold 1 VIX Jun 21 2023 15.0 Put Net Credit at $0.23
Buy to Open 1 Contract VIX Jun 21 2023 13.0 Put at $.03 for a $0.20 Credit
Lock in
#SPX1dte Sold to close HALF my long call spreads for 2.20. This locks in +.95 of profit on the whole trade. I’m going to give it time now to see if we can reach the 4285 short strike.
SOXL Calls
Bought to close SOXL Jun 02 2023 18.0 Diagonal Calls at $3.95. Sold last week on a roll at $4.58
Rolled out to SOXL Jun 09 2023 18.0 Calls at $4.00
Bought to close 1 SOXL Jun 02 2023 19.0 Diagonal Call at $3.10. Sold last week on a roll at $3.40
Rolled out to 1 SOXL Jun 09 2023 19.0 Call at $3.25
Bought to close 1 SOXL Jun 02 2023 20.0 Diagonal Call at $1.70. Sold last week on a roll at $3.15
Rolled up to 1 SOXL Jun 09 2023 20.5 Call at $1.72
Bought to close 1 SOXL Jun 02 2023 24.0 Diagonal Call at $0.01. Sold at $0.76
Bought to close 1 SOXL Jun 02 2023 24.5 Diagonal Call at $0.01. Sold at $0.62
Bought to close 1 SOXL Jun 02 2023 25.0 Diagonal Call at $0.01. Sold at $0.58
May Jobs Report
#Jobs — Higher than expected again. And a gain of +94K in prior month revisions.
Gain of +339,000 non-farm payroll jobs, vs. expected gain of 190K
Unemployment up by 0.3 to 3.7%, higher than expected gain to 3.5%
U6 unemployment 6.7%, up by 0.1
Labor force participation 62.6%, unchanged
Average hourly earnings up by 0.3%; 4.3% increase over the year, 0.1 less than expected.
March jobs revised up by +53K to +217K
April jobs revised up by +41K to +294K
VIX Index
A new 52-week low in the VIX this morning at 15.07
Taking a shot
#SPX1dte After losing the week’s profits yesterday on the rip higher, I’m taking a shot today that the jobs report will release us to go even higher, now that debt ceiling is resolved. Went with #RiskReversal for upside.
Sold to Open $SPX June 2nd 4185/4165 put spreads
Bought to open $SPX June 2nd 4285/4305 call spreads
Total DEBIT -0.15
deltas -.07 +.05
VXX Calls
Bought to close VXX Jun 02 2023 44.0 Covered Calls at $0.01. Sold Tuesday at $0.14
Rolled down for a #DoubleDip Trade
Sold VXX Jun 02 2023 34.0 Calls at $0.18
TTD Call
#coveredcalls
$TTD STO 6/2 76 call at .18
Rolling VFC
Once again rolling this down
Bought 1 VFC Jun 02 2023 18 Put / Sold 1 VFC Jun 09 2023 17.5 Put at $0.05 Credit
Also Sold to Open 1 VFC Jun 09 2023 16.0 Put at $0.21 for next week
#OnlySpreads
ATVI Stock
I had a lot of patience with this one because Microsoft said they were going to buy them out.
Not so much. 😦
Liquidated my tiny position in ATVI at $80.90.
Bought twice in November 2021 at $65.88 and at $60.00.
Made an OK return of about 28% over about a year and a half
#FormerFallingKnife #RaisingCash
SPX stopped
#SPX1dte BTC call side for 2.00
Pretty deep dip in $VIX happening, could finally be the push higher that debt ceiling resolution will trigger.
SYY Put
Bought to close 1 SYY Jun 02 2023 69.0 Put at $0.05. It can’t trade any lower.
Sold Tuesday at $0.30
VIX Iron Condor
Bought to Open 1 VIXW Jun 07 2023 14.0 Put at $0.02
Sold to Open 1 VIXW Jun 07 2023 16.0 Put at $0.32 for a $0.30 Credit
Bought to Open 1 VIXW Jun 07 2023 31.0 Call at $0.05
Sold to Open 1 VIXW Jun 07 2023 21.0 Call at $0.19 for a $0.14 Credit
#OnlySpreads
SPX same day
#SPX1dte Sold to Open $SPX June 1st 4120/4140-4225/4245 condors for 1.05, deltas -.06 +.07
MMM Stock
Added to my tiny position on MMM at $93.50. Div = 6.25%
#SP500 #FallingKnife
KRE VXX
Sold 1 KRE Jun 02 2023 37.5 Put at $0.15
Sold 1 VXX Jun 02 2023 40 Call at $0.11
Sold 1 VXX Jun 02 2023 39.5 Call at $0.12
Sold 1 VXX Jun 02 2023 33.0 Put at $0.23
#OnlySpreads
SPY,
STO,
July 21 390 puts at 2.73
July 21 380 puts at 1.91
Risk off
#SPX1dte BTC put side for .10.
In other news, the long call spread I bought last week is at zilch. Best chance to sell was yesterday morning, but I was holding out for a bit more. Knocks 90 cents off my week.
TLT
#CoveredCalls #SyntheticCoveredCalls – Another round.
Bought to Close TLT JUN 02 2023 105.0 Calls @ .04 (sold for .44)
Sold TLT JUN 09 2023 103.0 Calls @ .74
Sold TLT JUN 09 2023 103.5 Calls @ .57
SPY
#CoveredCalls #ShortPuts – A few adjustments and an add.
Covered: Picking up some more upside and preserving massive premium. Fed week and ex divvy week so will probably be adjusting again post Fed and pre EX.
Rolled SPY JUN 02 2023 391.0 Call to JUN 16 2023 392.0 Call @ .45 credit (12.90 total now)
Rolled SPY JUN 02 2023 394.0 Calls to JUN 16 2023 395.0 Calls @ .60 credit (12.00 total now)
Rolled SPY JUN 02 2023 395.0 Calls to JUN 16 2023 396.0 Calls @ .65 credit (12.00 total now)
Rolled SPY JUN 02 2023 396.0 Calls to JUN 16 2023 397.0 Calls @ .70 credit (12.50 total now)
Short Puts – Roll up and add.
Rolled SPY JUN 09 2023 400.0 Put to JUN 09 2023 415.0 Put @ 2.50 credit (5.60 total now)
Sold SPY JUN 30 2023 405.0 Put @ 3.70
SNOW
#ShortPuts #PostEarnings – Taking the quickies playing a post earnings bounce.
Bought to Close SNOW JUN 16 2023 140.0 Put @ .72 (sold for 2.75)
Bought to Close SNOW JUN 23 2023 140.0 Put @ 1.12 (sold for 3.40)
Bought to Close SNOW JUL 21 2023 125.0 Put @ 1.35 (sold for 3.10)
NVDA Call Spread closed
Bought to close 1 NVDA 06/02/2023 420.0 Call at $0.68
Sold to close 1 NVDA 06/09/2023 465.0 Call at $0.74 for a $0.06 Credit on the way out.
Got $1.12 credit on the way in.
Releases $4500 in margin 2 days early
In this less than 24 hours
#WinWin
TNA Puts
Sold TNA Jun 02 2023 26 Puts at $0.10
Sold against old long Puts
#OnlySpreads
AAP Put
Post-earnings
Bought 1 AAP 06/16/2023 60.00 Put at $0.17
Sold 1 AAP 06/02/2023 75.00 Put at $1.52 for a $1.35 Credit
#OnlySpreads
VXX
Sold 1 VXX Jun 02 2023 40.5 Call at $0.16
Sold 1 VXX Jun 09 2023 32.0 Put at $0.26 #VXXContango
#OnlySpreads
SPAXX
Hard to compete against this FIDELITY GOVERNMENT MONEY MARKET yield of 4.75%
So I’ll be less likely to buy low yielding stocks
SPX same day
#SPX1dte Sold to Open $SPX May 31st 4120/4140-4240/4260 condors for 1.05, deltas -.06 +.06
VIXspire
I’m expecting these to expire on the open tomorrow
VIX 40/26 Bear Call Spread
VIX 39/26 Bear Call Spreads
VIX 38/25 Bear Call Spreads
VIX 37/25 Bear Call Spread
VIX 36/25 Bear Call Spread
VIX 35/24 Bear Call Spread
VIX 34/23 Bear Call Spread
VIX 14/16 Bull Put Spreads
#OnlySpreads
SPXpire
#SPX1dte Expired: $SPX May 30th 4150/4170-4270/4290 condors, sold this morning for 1.15
AI 50 Call
#earnings #coveredcalls
$AI STO 6/2 50 call at 5.47
NVDA BECS / CROX Call
#bearcallspreads
$NVDA STO 6/2 405/400 BECS at $2.05
#coveredcalls
$CROX STO 6/2 117 call at $1.00
XBI
#ShortPuts – Adding.
Sold XBI JUN 16 2023 80.0 Puts @ 1.33
Options Bistro 