#BearCallSpreads – Thanks @Ramie !

Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ 1.55

#closing UVXY Sept. 10 sold…

#closing UVXY
Sept. 10 sold Oct. 18, 17 lp/27/sp/27lc/34sc for 1.10, #tastytradefollow, sold today for 1.28, making 2.38. This was a long put spread/long call spread spread.


#ShortPuts – Fat fingered this one earlier. Could’ve gotten about 30 cents more.

Sold SOXL NOV 15 2019 100.0 Put @ 2.80

IBB strangle 102/107 for 10/25.

Closed the call side for 0.10. Rolled the 102 put down to 101.5 for 11/8 for 0.09 credit. If keep dropping with convert to #fuzzy now that the 2022 LEAPs are out.

EOG #fuzzy 85/75/75 rolled the 75 puts for this week out to next week for 0.41 credit. Cost basis 23.11 now.

My /ES 2690/2700 hedges only have about 2k profit, trying to sit on my hands for now but if looks like flat rest of day will roll down to take out some cash/profits.

XBI 80/80 #fuzzy rolled next week short puts out to 10/25 for 0.43 credit. Cb now 13.54. May roll the longs out to 2022 soon because they only cost $3-4 more for another year of weekly selling.


#ShortPuts – Selling against the call spreads. Booking these and looking for a new sale on a relief rally of some sort.

Bought to Close UVXY OCT 4 2019 25.0 Puts @ .04 (sold for .52)

SPX support?

I’m not a chart guy. Trade mostly on expected moves but still messing around. Does this look reasonable to you chartists? 61.8 retrace right at the 200ma for some support. Not seeing much until there. Fibwizard out there?


Bottom fishing?

Not saying I am going long here but in last 10 minutes /ES had 60k+ longs vs. on 3000 shorts on 5 minute chart.

My hedges have worked nicely so I may roll down to take out some cash.

With the recent volatility over the last few weeks I converted almost everything to spreads to weather the whipsaws better. Seems to be working. Have an IBB strangle I may need to invert tomorrow. Some weird divergences today. XBI up when the market is down. Biotech is usually a risk on trade.