SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 4th 2820/2840-2950/2970 condors for 1.20, IV: 17.18%, SPX 2904.

COST dub cal

#Earnings Bought to Open $COST Oct04/Oct11 285 #DoubleCalendar for 2.00. Order was put in hours ago, took awhile to fill.

Here’s the link to the…

Here’s the link to the 21 DTE management research I mentioned earlier.

There is a second part and some other videos related to it. Like I said around pages 7-12 on market measure reruns.

https://www.tastytrade.com/tt/shows/market-measures/episodes/ways-of-managing-trades-05-09-2019

TRADES:

OSTX BTC 10/4/19 12.0 & 12.5 CALLS @.05
BYND STO 10/11/19 135/130 BuPS @1.05
GOOS BTO STOCK AGAIN, @38.66
GOOS STO 10/4/19 38.5 PUTS @.45
STNE STO COV. 35.0 CALLS @.55

Back in playoff mode…

Raised the banner last night at the Blues opener. Time to focus on October baseball now!

#earnings #jadelizard COST Sold Nov….

#earnings #jadelizard COST
Sold Nov. 15, 265/290/295 jade lizard for 5.67
bought Oct. 18, 250/260 long put spread for .55 as a downside hedge
Thanks for the data Jeff

The new commissions at TOS…

The new commissions at TOS kicked in and are nice. Less money out 🙂

I have been trying to…

I have been trying to move out of the leveraged ETFs but am stuck in a few for a while. Tastytrade did some research that shows trading options on the leveraged has much lower returns than just trading the regular ETF. Even accounting for contango/drift/ backwardization. My personal results show that as well. I know a lot of people here trade them but it may be more effective to not option trade them. As a hedge, sure they work but for options not so much. With the volatility over the last month or so, I have had trouble staying ahead of the fluctuations. The premiums are huge but the options are not priced for the movement for selling them.

https://www.tastytrade.com/tt/shows/market-measures/episodes/trading-options-on-leveraged-etfs-11-26-2018
https://www.tastytrade.com/tt/shows/market-measures/episodes/leveraged-etfs-not-consistent-performance-03-31-2016

#pietrades
With that said rolled
LABU 35 cc out 29 DTE for 1 and cost basis down to 33.80. My plan is to let call out if ITM and use it on something else.
TQQQ 60 CC rolled out to next week fr 0.98. Cb 57.52. Same as above.
LABU 35.5 cc rolled out 22 DTE and down to 35 for 0.90. Cb 33.49. Same
EXPE STO the 29 DTE 123 put for 2.05. Timing could not have been worse, market reversed 2 minute after that.

#fuzzy
XBI #fuzzy rolled 80/80 out to 22 DTE for 0.65 credit. Cb now 0.85. Still have until 2021 to keep making $ on this one.
XBI #fuzzy 80/83 rolled down to 80/80 and 29 DTE for 0.88 credit. Cb 3.99.
LNG 65/62.5/61/60 rolled this weeks 61 and 62.5 to 61 and 62 for 22 and 29 DTE for 0.56 and 0.88 credits. Cb now 5.34

Also don’t know if any of you saw the Tastytrade episodes, market measures in the summer, search back to around page 7-12 on strangles showing that managing strangles/trades at 21 DTE beat all other management strategies, period. Even better than 50% profits. There are about 3-4 sessions on that. I have an IBB experiment going on starting 43-45 DTE and managing at 21-22 DTE. Hard to tell how it is working with the volatility but I rolled IBB yesterday (just the put side). Will re-establish the strangle depending on where we end up this week or next. I also have an ITM #jadelizard experiment going on at opening at 21 DTE. Will let you know results once I have a few cycles.

Not trying to brag but my core account just hit an all time high so I must be doing something right. That wipes out the SVXY losses on 1 account. 2 others still have a way to go but this is my largest trading account so nice to know I covered those losses in 21 months. I originally thought it would take much longer. I suspect the other 2 accounts will take another 12 months on 1 and 24 on the other. Chipping away and will hope to never make that mistake again!!!!

Trade smart, stay nimble 🙂

SPY

#ShortPuts – Adding to monthly ladder…

Sold SPY DEC 20 2019 260.0 Put @ 3.20

TSLA

BTC $TSLA Oct 18 2019 255/265 #BeCS @0.40 – originally STO 8/22 as a Sept 20 250/260 #BeCS @1.12, rolled to Oct 18 255/265 on 9/12 @0.28.