/es and SPX.

Looks like the big players want to rip the market down one day, then take it back up next few days. New range is 2560 to 2671. That’s a decent sized range to play ping pong but appears it will happen for a while.

Futures down 35 on /ES and /YM 384.

#ironcondor COST Sold May 18,…

#ironcondor COST

Sold May 18, 160/170/200/210 for 1.17, stock around 185

#spx Thought I would try…


Thought I would try a trade. Poor timing to have bought a put. I have an April 06, does it expire in AM or end of day?

Sold long SPX calls

#SPXcampaign I didn’t get filled at the highs so I’m selling half this order since we could be going lower. More likely to happen is a bounce, as my timing on these intraday swings has been horrendous for the last few weeks.

Sold to close $SPX May 18th 2770/2790 call spreads for 3.75. Bought for 1.50 on Monday. Keeping the other half into expiration, but now the cost of the full position has been covered.. Thanks @mortlightman for the trade idea.

Also, sold to open May 4th 2810/2835 call spreads for 1.45.


#SyntheticStock – Another small roll…

Rolled DG APR 6 2018 93.0 Calls to APR 20 2018 94.0 Calls @ .10 debit


#SyntheticStock – Trying to keep these rolls to within a couple weeks even if it’s a small debit. Plenty of weekly premium brought in recently to use a little for the roll.

Rolled EWW APR 6 2018 51.0 Calls to APR 20 2018 51.5 Calls @ .08 debit


#SyntheticStock – Rolling the weekly out and up. Small debit but picking up another 71 cents of upside while staying in the week prior to earnings.

Rolled XOM APR 6 2018 74.0 Calls to APR 20 2018 75.0 Calls @ .29 debit (originally sold for .60)

NUGT call closed

#ContangoETFs $NUGT and $DUST have been kind of dull in recent weeks, so I’m just watching theta do its work on short calls in both.

Closed on GTC order: NUGT June 15th 47 call for .20. Sold for 2.46 on Dec 26th.

SPX trades

#SPXcampaign Still getting pressed on some call spreads so rolling. I’m not selling put spreads at these levels… I expect another dip, perhaps not as low as Monday; but I’m waiting for a pullback or VIX below 18.00 before I’ll start getting bullish. Jobs report is tomorrow and no matter what the results, it may be an excuse to sell. I also will be selling half of my double-sized LONG call spread today at or near a triple.

Stopped: $SPX Apr 13th 2670/2695 call spreads for 11.50. Sold for 3.75 on Tuesday. No roll yet.

#CondorRoll: from calls stopped yesterday. (these are the only puts I’m adding)
Sold Apr 20th 2540/2565/2750/2775 condors of 7.05.

Closed Apr 13th 2720/2745 call spreads for 4.80. Sold for 3.65 on 3/28. No roll yet.

Again, JOBS report tomorrow could be a trigger for panic selling, or panic buying.

Back from vacation

I picked a ridiculous week to not be trading (well I did get a couple of small adjustments in). Maybe it was better–I may have overtraded through Mon-Wed.
Now I’m just going through things and will start cleaning stuff up.
Took off my Apr AZO short 580 put for 1.25. Sold for 6.20 on 2/27.
I’m still short a Sep 500 put.