#VIXIndicator Although we recovered from the huge intraday drop, the VIX spiked again at the close and fired a Downside Warning. Expect more volatility and a market drop in the coming days.
#SPX1dte I’m grateful that being at this for 8 years prevents me from panicking. These spreads had me in the hole many thousands of dollars at the lows.
I closed Friday’s put spread as the stop was most definitely breached today… heck, the short strike was breached.
BTC $SPX Aug 2nd 2960/2935 for 4.85. Condors sold for 2.60 on Monday.
Expiring: July 31st 2945/2965-3050/3070 condors, sold yesterday for 1.20.
Expiring: July 31st 2910/2935-3055/3080 condors, sold for 3.00 last Wednesday.
This leaves me flat on SPX tonight.
Boy was I early on my rolls. Next week should be very profitable though
Following Jeff and Fuzzball (who better to follow), sold Aug. 16, 270/300/330/332.50 Big Lizard/Iron Condor for 6.05. Thanks guys
Not knowing how the Fed would announce I did these rolls in the morning. Obviously I should have waited as the spreads are better now.
Bought to close NUGT 08/02/2019 29.50 Calls / Sold NUGT 08/09/2019 30.00 Calls @ 0.05 Credit + 0.50 better strike
Bought to close NUGT 08/02/2019 30.50 Calls / Sold NUGT 08/09/2019 31.00 Calls @ 0.15 Credit + 0.50 better strike
Bought to close NUGT 08/02/2019 31.00 Calls / Sold NUGT 08/09/2019 31.50 Calls @ 0.20 Credit + 0.50 better strike.
Still have 32.00 Calls for this week that I will ride until Friday
Getting a jump on this week’s rolls.
Bought to close FB 08/02/2019 180.00 Calls / Sold FB 08/09/2019 180.00 Calls @ 0.40 Credit.
Not much of a credit …. but it is 15 points ITM.
Sold UVXY 08/02/2019 33.00 Calls @ 0.23 against fully paid for August longs from earlier spreads.
One half my longs are now written against.