First time since November 2008 that SPX dropped more than 3% two days in a row.
Daily Archives: Tuesday, February 25, 2020
Gap Opens
Following up to my Post yesterday, here is a chart of all SPX gap opens that were plus or minus 2% or greater since 1/1/2000. Click the chart for a larger view.
On the left is 1/3/2000, and on the right is yesterday, 2/24/20. The cluster near the middle is the 2008 crash. As you can see, a very long gap between 2014 and now.
CAT
STC Mar 13 137/135 Puts BePS $1.50 bought 2-12-20 for .90
HD
BTO Mar 20 237.5/240.00 Calls $1.22
SPX 1-dte
#SPX1dte Sold $SPX Feb 26th 2970/2990-3220/3240 condors for 1.30. IV: 33.19%, SPX 3140, deltas -.06, +.07.
SPY
STC SPY Feb 28 326/320 Beps $5.00 bought 2-4-20 $1.28 as a hedge profit 368.00 per
DRIP
#ShortCalls #BearCallSpreads – Only have one contract but it’s really annoying so rolling to ITM with defined risk.
Rolled 1 DRIP JUN 19 2020 160.0 Call to 2 DRIP SEP 18 2020 100.0/150.0 Bear Call Spreads @ 3.75 credit
UVXY
#BearCallSpreads – A little nearer term. Staying small in case a roll is needed…
Sold UVXY APR 15 2020 20.0/30.0 Bear Call Spreads @ 1.80
SPY
#ShortPuts – Going out and down for the next sale…
Sold SPY JUN 19 2020 290.0 Put @ 7.05
#shortcallspreads DRIP Joining the DRIPster…
#shortcallspreads DRIP
Joining the DRIPster HIPsters, sold a June 175/185 call spread for 2.08.
Thanks guys
#earnings #closing DE Feb. 20…
Feb. 20 sold a 150/155/175/180 #ironcondor for 1.76. DE went as high as 182 before coming back down the last 2 days. I bought the IC today for 1.67.
ROKU
Rolled $ROKU Mar-6-2020 110/120 #BuPS // Mar-13 @0.00.
TC2000 indicator update
For those of you that follow these:
T2108 (% stocks above their 40 day moving average): 26.56
T2122 (4 wk new high/new low ratio): 1.85
UVXY adding
#VXXGame Sold $UVXY April 17th 19 calls for 2.75. Keeping more longs than shorts, but they are in an earlier expiration.
DRIP adding
Sold $DRIP 3/20 186 call @ 7.00. Highest strike in March.
DRIPping upward
#ContangoETFs Sold $DRIP March 20th 186 calls for 6.35
#earnings #putratiospread SPCE Sold March…
#earnings #putratiospread SPCE
Sold March 20, -26/-26/+30 ratio spread for .88
TQQQ
STO April 60 puts at 1.95
TQQQ
#ShortPuts – Sold TQQQ APR 17 2020 65.0 Put @ 2.40
TQQQ Put
STO 28 Feb 90P for 2.12
NUGT Put Rolled
#shortputs
BTC 2/28 31 put and STO 3/20 3 put at added 1.22 credit
ROKU
STO March 20, 150 calls at .66
GILD
#ShortPuts – Taking the rest of this off since it looks like it’s running out of steam…
Bought to Close GILD MAR 13 2020 65.0 Puts @ .44 (sold for 1.34)
#earnings CRM Sold March 20,…
#earnings CRM
Sold March 20, 165/210 strangle for 2.30
SPCE Earnings
#BullPutSpreads #Earnings – Selling slightly in the money. If I get lucky and the stock goes up it’ll be a nice winner. On the other hand, no matter how far it drops I’ll own stock about 1.70 below my basis which can be more than made up in one week of call selling with the extreme premium on this thing.
Sold SPCE FEB 28 2020 41.0/36.0 Bull Put Spreads @ 3.30
New highest strikes for DRIP
Sold $DRIP 3/20 186 call @ 3.50
PANW post-earnings
Sold $PANW 3/20 190/180 bull put spread @ 1.65 with the stock around 201. IV still high (IV rank 55).
UVXY
#BearCallSpreads – First time in this expiration…
Sold UVXY SEP 20 2020 20.0/30.0 Bear Call Spreads @ 1.40
Options Bistro 