Daily Archives: Friday, March 27, 2020
SPXpire
#SPX1dte Expiring: $SPX March 27th 2380/2400-2760/2780 condors, sold yesterday for 1.80.
I tried a couple different SPX1dte orders for Monday but didn’t get filled and didn’t want to chase for reduced premium. IV on the Monday expiration was only 49% at the close, which is much lower than what we’ve been seeing in this correction.
TQQQ adding
#LongLEAPs BTO $TQQQ Jan 2021 85 calls for 1.90, adding to the 90-strike calls previously purchased.
TNA
#ShortPuts – Sold TNA APR 03 2020 16.0 Put @ 2.00
SPY
#ShortPuts – Another one that went green quickly enough to take off same day. Getting rid of weekend risk…
Bought to Close SPY MAR 30 2020 245.0 Put @ 1.30 (sold for 3.45)
Bought to Close SPY MAR 30 2020 240.0 Puts @ .70 (sold for 2.25)
Econ Calendar for week of 3/30/20
#Jobs report on Friday… should be a doozy!
Link to calendar: https://research.investors.com/economic-calendar/
Adding to SVXY
#VXXgame BTO $SVXY Jan 2021 35 calls for 3.90, adding to position started yesterday.
TICK extremes
Not that it’s too significant, but this morning gave us the lowest $TICK reading (NYSE on TOS) on record (-1741), which goes back to March 2009. And Tuesday was the second highest on record (+1687).
AAPL put spread
Sold $AAPL 4/17 220/210 bull put spread @ 1.83. Short puts at 22 delta.
#shortputs SPY Sold April 8,…
#shortputs SPY
Sold April 8, 210 put for 2.41.
SPY
#CoveredCalls #ShortPuts – Rolling, closing, and selling.
Bought to Close SPY MAR 27 2020 242.5 Puts @ .65 (sold for a scalp @ 1.05)
Using that buying power to sell Monday:
Sold SPY MAR 30 2020 245.0 Put @ 3.45
Sold SPY MAR 30 2020 240.0 Puts @ 2.25
Rolling covered call…thank you for the pullback!
Rolled SPY MAR 27 2020 250.0 Call to MAR 30 2020 255.0 Call @ .30 credit (2.45 total now)
Options Bistro 