#ShortPuts #LongStock #Earnings – Some of each.
NVDA: Earnings tomorrow. Wouldn’t mind averaging down.
Sold NVDA JUN 17 2022 135.0 Put @ 4.45
SPY: Added tiny buys.
Bought SPY Stock @ 388.60
Bought SPY Stock @ 387.25
Daily Archives: Tuesday, May 24, 2022
SPX 1-dte
#SPX1dte Sold to Open $SPX May 25th 3805/3825-4040/4060 condors for 1.75, SPX at 3937, IV 33.6%, deltas -.06 +.06
VIX Futures
A very odd shape to the VIX futures curve.
Does this mean that the market rallies after the November election?
Fading MRNA
The bloom is off the rose. Sell to open $MRNA Jun 17 150/160 bear call spread @ 1.60.
TQQQ Covered Calls
Sold TQQQ May 27 2022 29.0 Calls at $0.40
Sold TQQQ May 27 2022 30.0 Calls at $0.26 and $0.28
SPX stopped
#SPX1dte Bought to close $SPX May 24th 3860/3840 put spreads for 3.85. Condors sold yesterday for 1.75.
This has been pretty rough last few weeks. It’s rare that every other spread is stopped out. If it continues I will have to suspend the campaign or examine the pattern to see if certain days should be avoided.
VXX Calls
Sold a few more calls, turning some more short puts into short strangles.
Sold VXX May 27 2022 26.5 Calls at $0.42 and $0.52.
Sold VXX May 27 2022 27.0 Calls at $0.36 and $0.46
Options Bistro 