So much for that.

#VIXIndicator The Downside Warning was reinstated at the close Wednesday, as VIX closed over 25% higher than Monday’s close.

CINF puts

Sold $CINF 6/19 40 puts @ 1.45. Delta 19. Stock at 48.53.
Thanks again for the heads up on this @optioniceman.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX May 20th 2780/2800-2810/2830 condors for 18.30, with SPX at 2814.

CODX roll


I took profit on my CODX diagonal (may/aug) and reset the trade this morning into something you might find interesting. I bought a 1/2 size stock position and sold the June 18 straddle for $8.15. This creates a full size covered call profit structure with just 1/2 the stock size. As you probably know, selling a put equates to a covered call. So I have a full size covered call ceiling with only 1/2 the stock. Takes up less buying power. Got much more selling the put than the call, despite it being ATM at the time. Because of that, the smarter trade would have been just selling puts for a full size position (in hindsight).
I hear earnings are tomorrow….



To counter balance all my diagonal Put spreads I’m continuing to tiptoe into the call side
Bought 1 VXX 06/19/2020 70.0 Call / Sold 1 VXX 05/15/2020 41.0 Call @ 0.35 Credit.
Bought 1 VXX 06/19/2020 70.0 Call / Sold 1 VXX 05/15/2020 42.0 Call @ 0.03 Credit.
The long side strike is 5 points lower than my trade early today.
VXX is at 40.45.

I’m done adding to this stock for this week. And will probably sit on my hands until late Friday for any other stocks too.

AMZN iron condor

Sold $AMZN 6/19 2130/2150/2600/2620 iron condor @ 6.00. Short deltas 20 (puts) and 17 (calls).


PM BTO 70.0 PUTS @1.18 also have the 74.0 long puts 5/15/20 @3.65 from last week.
SDGR STO 5/15/20 60.0 CALLS @1.40 COVERED
SDGR STO 5/15/20 55.0 CALLS @2.50 COVERED Stock is volatile.