Bought to Close WYNN DEC 21 2018 120.0 Calls @ .05 (sold for 1.16)
#SPX1dte Expiring: $SPX Dec 17th 2500/2520-2665/2685 condors. Sold Friday for 1.05.
Also, stopped $SPX Jan 17th 2420/2400 put spreads for 3.65, since expected move breached my short puts. These were sold as a roll from a stopped #SPX1dte spread (sold condor for 3.00 on Nov 20). With one roll down of the call side, I’m getting out of this with only a .20 profit (or basically breakeven after commissions). Will look to roll into a new condor later this week.
Bought more $SPX Dec 28th long 2700/2720 call spreads for .85 (first batch bought this morning for 1.80). With a double position it is easier to sell half at a decent profit and let the other half ride as long as I can. After today’s action the only thing I can be playing for is a rally after we get the Fed meeting out of the way. And by rally, I don’t mean much higher than 2700 before we probably resume the downtrend.
#VXXGame We just exceeded the 10/29 high of this correction on $UVXY.
The $VIX is still 3 points below its correction high set on 10/11.
We are setting up today to hit our 7th downside warning in this correction.
#ContangoETFs Closed the last of my $BOIL Jan 45 calls for 3.30. I’m underwater despite a few rolls, but this is closest to the money that I had. I want to be ready should we get another winter push higher.