PCG 17 puts expiring, thanks…

PCG 17 puts expiring, thanks @optioniceman

Why I sell options-last 2…

Why I sell options-last 2 days whipsaws, dow down 800 points yesterday, recovered. Today down another 485. All of my tickers are down but because of theta decay my core account is up. Wrong on direction but still making money.

I salute those of you that successfully trade directionally but these are the times that make me realize that being the house always wins in the long run!

However, some stability would be nice…….have a great weekend.

UVXY spread

#VXXGame Sold $UVXY Dec 21st 50/60 call spreads for 7.00. Adding to my position I started for 4.35. This is entirely ITM, but I feel volatility will be quieting into Christmas, and a drift back below 50 in reasonable to believe in 2 weeks. Even without a true Santa Claus rally this can happen. Looking at the VIX and UVXY today, they’ve been drifting lower this afternoon, even as SPX continued lower. If I am wrong, it’s manageable as a spread.

SPX 1-dte

#SPX1dte Sold $SPX Dec 10th 2490/2510-2710/2730 condors for 1.00. Expire Monday. Filled on spike higher. If I were selling now I would shift the whole thing higher.

DUST

#LongPuts #LEAPS – Stopped out at even on some extra sales against the long puts. I’ll reconsider if it bounces but appears to be breaking the 200ma today.

Bought to Close DUST DEC 14 2018 26.0 Puts @ .42 (sold for .43)

Econ calendar for week of 12/10/18

Be sure to periodically click “Home/REFRESH” above to keep Bistro features updated.

Screen Shot 2018-12-14 at 10.21.19 AM

Screen Shot 2018-12-07 at 10.40.02 AM

Link to calendar: https://us.econoday.com/byweek.asp?day=10&month=12&year=2018&cust=us&lid=0

Took FIVE

#Earning Sold $FIVE Dec 7th 98 puts for 1.30. That worked nicely.

Sold 100/98 spreads for .65.
Bought to close 100 puts for .55
Sold to close 98 puts for 1.30.

Total profit 1.40.