#fallingknife
Couldn’t resist selling MSFT Apr 3 105 puts for 1.35….will be much higher in the morning it looks like.
Daily Archives: Thursday, March 12, 2020
Support?
There certainly doesn’t seem to be any on the daily chart–moving averages, areas of prior support, pivot points, etc. Looking at the weekly chart, the low from the Q4 2018 mini-bear was 2,351.10 on Christmas Eve. If you think looking at that low is relevant 15 months later, that’s only around 166 points lower than where are are now. Another day like the down days we’ve had the last couple of weeks and we’re there.
VIX close, 4th highest since 1987
The VIX closed higher 3 times in Oct/Nov 2008 (highest close 80.86)
It closed higher 7 times in Oct/Nov 1987 (highest close 150.19)
SPX 1-dte
#SPX1dte Sold to Open $SPX March 13th 2175/2200-2750/2775 condors for 2.50. IV: 101.18%, SPX 2544, deltas -.05, +.07. (has shifted back to 06/06 since it filled). Width: 550.
Today’s drop in SPX was about 8%. These strikes are -13.0% and +8.3% OTM, and I got the highest premium I’ve ever gotten.
DRIP
The $DRIP March 20th 980 strike is going for 150.00. It expires in 6 trading days. Should I buy it or sell it?
#shortputs HTZ Bottom feeding Sold…
#shortputs HTZ
Bottom feeding Sold April 17, 4 put for .50.
TQQQ starter
#LongLEAPs Bought to open $TQQQ Jan 2021 90 calls for 4.00. Will add as price drops.
2% bounce in seconds
BREAKING: NY FED SAYS TO CONDUCT PURCHASES ACROSS RANGE OF MATURITIES
— Jonathan Ferro (@FerroTV) March 12, 2020
SPY
STO May 15, 180 put at 3.05, selling every 20 points will give me 1000 shares if we get down to zero.
VIX
67.97 who would have thunk it!!
SPCE
#CoveredCalls – Partials so far. (1 of 3)
Bought to Close SPCE MAR 13 2020 17.0 Call @ .05 (sold for 4.00)
Sold SPCE APR 17 2020 15.0 Call @ 2.25
#shortstock DENN September 20, 2018…
#shortstock DENN
September 20, 2018 I sold short 100 shares of DENN at 13.96, right about the time Denny’s started a rally to around 22. I was only able to sell a couple puts, not much option activity. I closed the position today at 11.75.
So there’s that!
SPY
#ShortPuts – Forgot I had this one in. Just seeing that it was filled at the open…
Sold SPY APR 17 2020 225.0 Put @ 8.62
Crazy!
I’m not doing much of anything. Selling some covered calls as I receive stock. Keeping the rest of the powder dry for now…
Options Bistro 