Options Expiration for 3/2

$AMZN Mar 2 1220/1320/1550/1650 iron condors
$AMZN Mar 2 1250/1240 put spreads
$AZO Mar 2 655/790 strangle (#Earnings trade from @jeffcp66–I got lucky on the dismount)
$DUST Mar 2 35 calls

No assignments.

A nice move down in the VIX today brought in some premium but it’s still really elevated (futures over 4% in backwardation). Today’s up volume in SPY was about average (based on the 50dma) but not as high as yesterday’s down move. Could this be a higher low or just a bounce after 3 big down days, a reprieve on the way to lower prices? We’ll see next week.

Oscar predictions:
Best Supporting Actress: Allison Janney
Best Supporting Actor: Sam Rockwell
Best Actress: Frances McDormand
Best Actor: Gary Oldman
Best Director: Guillermo Del Toro (Shape of Water)
Best Picture: Three Billboards Outside Ebbing Missouri
Probably not much of a stretch there, but go make some money in your Oscar pool 🙂

Have a great weekend everyone.