SPX Campaign Closed Early / UVXY Spread Closed Early

#spxcampaign
$SPX BTC 6/15 2675/2700 BUPS at 1.50 STO at 5.70 Thank you @jeffcp66

#longputs
$UVXY STC 6/15 16/10 BECS at 5.25 BTO at 3.15 Thank you @ramie77

VIX plummets again

#VIXIndicator We’ve seen this movie before, but each time it happens at a lower VIX level. Today should be the second close below the PREVIOUS 78.6% Fib line, but we need to close at 11.01 or lower to cancel this current warning. Because we are in the third Downside warning without an Upside one, the normal levels may be out of whack. It certainly looks as if we’re ready to cruise higher but we’ve been fooled many times this year.

SQ calls sold

In $SQ I am both long stock for the #CoveredCallCampaign and also long Jan 2019 60 calls for the #LEAPs strategy. So selling short-term calls against both positions.

Today:
Sold SQ June 29th 63.5 #CoveredCall for 1.60
Sold SQ July 6th 65 #SyntheticCoveredCalls for 1.65

WYNN

STO Jun 15 BuPS 172.5/170.0 .35 #Bitty
Wiz buying

#LEAPs Thanks for all the…

#LEAPs Thanks for all the input on my question below. It was very helpful and educational. I elected to TTMAR. I sold my call @ 2630 with QQQ at 175.16, right when the market turned up. Didn’t I once say I was the master of bad timing. Lol

SPX long calls sold

#SPXcampaign I built this one up to a triple-sized position, back when we thought maybe an Upside Warning was coming. Now they’re close to expiration with less chance. Taking off 1/3 now at about breakeven.

Sold $SPX June 15th 2825/2850 call spreads for .70. Acquired in May for .743, avg price. A double position still remains.

Older study but good data….

Older study but good data. They keep showing 45 DTE is always the best performance for selling options OTM. Also managing at 50% seems to be key to consistent gains.

I like the #pietrades a lot and will continue to do them as my primary trade tactic but for those with bigger accounts may be better to sell 45 DTE and set up ladders. Can stay farther OTM, stay on the sweet spot of decay fro OTM options, less adjusting, and steady income. This alludes to the million dollar account with SPY from a few days ago.

https://www.tastytrade.com/tt/shows/best-practices/episodes/short-puts-increasing-duration-09-06-2016