UVXY VIX Partial Closed

$UVXY STC 3/20 35 call at 2.40 BTO at .30 Thank you @jeff

$VIX STC 3/18 17/22 BUCS at 4.10 BTO 1/10 at .81 Thank you @fuzzball

$VIX BTC 3/18 13/15 BUPS at .04 STO 1/10 at .89 Thank you @fuzzball

Tracking the Virus


SPX 1-dte

#SPX1dte Sold to Open $SPX March 2nd 2600/2625-3100/3125 condors for 2.05. IV: 50%, SPX 2827, deltas: -.05, +.07. Width: 375

That’s the best premium I have gotten in 14 months of this strategy, and the shorts were -10.3% and +5.9% OTM, when the trade filled. But 3 minutes later at the close, that shifted to -11.1% and +4.9%.

SPX 57% Vol

#SPX1dte Monday’s expiration is off-the-charts volatility. I’m going to be able to sell a condor that has short puts at 2570 or lower, or 11.4% OTM, and still get excellent premium. Pulling the trigger before the close.


Original trade:

#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

So…closing the long puts for the gains and letting the shorts get exercised. Non taxable account so selling the covered calls early using spreads. Yesterday bought puts to protect the position from anything crazy. Selling aggressively to reduce basis as quickly as possible during this high volatility.

Sold to Close SPCE FEB 28 2020 36.0 Puts @ 12.40
Sold SPCE MAR 6 2020 22.0/52.0 Bear Call Spreads @ 3.70

Bought 7x size SPCE JUL 17 2020 5.0 Puts @ .10

All said and done own the stock at 21.60 basis covered at 22 next week….whew!

SPX 1-dte closed

#SPX1dte BTC $SPX Feb 28th 2850/2830 put spreads for .60. Condors sold yesterday for 1.45.

Not sure if I’ll be selling one tonight, but if I do, I am waiting until a minute before the close, or right after the close. After yesterday’s last-minute dive, I ain’t risking it.

Anyone else having issues with…

Anyone else having issues with the site? Used to once I was logged in, I was in for weeks. In the last few days it’s kicking me out and making me login every time I close the window for some reason.

DAL #shortput

STO DAL Apr17 40 put for 1.83 for an IRA. IVR is 93. If assigned at this level, the div. yield would be 4%.


#CoveredCalls – Added a few shares overnight, pre-market, and now to get up to 100 so I can play with some calls.

Bought stock gradually at 295.10 average. Selling Monday’s call at breakeven. If it gets taken out I’m fine with that. Should be an easy roll in this environment.

Sold SPY MAR 02 2020 290.0 Call @ 5.30

#coveredcalls GPRO Sold a March…

#coveredcalls GPRO

Sold a March 20, 4 call for .25. GPRO is up today, I have assigned shares from a long time ago.


STO April 17, 45 puts at 2.90


STO April 17, 40 puts at 2.05, scaling in small positions.


About to take out the 100 week moving average? Next one after that is the 200 week at 263.


Futures Looks that the difference…

Looks that the difference between futures and DOW is quite pronounced, futures are down less then the Dow. Is that an indication for anything?

2% gap open again

Following up to my posts on Monday and Tuesday, the open price of $SPX this morning was -2.08%. So the second time that’s happened this week, and since 2014.