#SPX5dte Sold to close HALF of my position: $SPX Sept 1st 4090/4110 call spreads for 1.75. This adds on to the sale of put spreads yesterday for 17.85.
Monthly Archives: August 2022
#smallbuy BOT RYLD @20.02 div…
#smallbuy
BOT RYLD @20.02
div 12.35%
NVDA TQQQ
#CoveredCalls – On the road all week but managed a few fills today.
NVDA: Covered.
Bought to Close NVDA SEP 2 2022 175.0 Calls @ .05 (sold for 10.60)
Bought to Close NVDA SEP 2 2022 175.0 Calls @ .07 (sold for 11.15)
Sold NVDA SEP 9 2022 170.0 Calls @ 1.84
TQQQ: Covered.
Bought to Close TQQQ SEP 2 2022 34.5 Calls @ .02 ( sold for .63 and 1.05)
Sold TQQQ SEP 16 2022 31.5 Calls @ .95
SPX 1 DTE
#spx1dte
$SPX STO 8/31 3860/3880 – 4070/4090 at .95
SPX trades
#SPX5dte Sold to close $SPX Sept 1st 4080/4060 put spreads for 17.85. Condors bought for 17.80 last Friday. So I’m breakeven now, holding calls until tomorrow in case we have any spike up in the morning.
#SPX1dte Sold to OPEN Aug 31st 3865/3885-4055/4075 condors for 1.50, SPX at 3980, IV 26.3%, deltas -.05 +.07
TSLA
STO TSLA Oct21’22 200 PUT @4.00
TQQQ,
BTO September 9, 29/24 bear put spread at 1.65, I am looking at the 5 day EMA and the 8 Day EMA which is below the 21 day EMA and the TQQQ is below the 50 day MA so I think we could test the recent low around 23.
#smallbuy BOT GLOPpC @25.07 div…
#smallbuy
BOT GLOPpC @25.07
div 8.48%
SPX1-dte
#SPX1dte Expired: $SPX Aug 29th 3925/3945-4145/4165 condors, sold Friday for 1.20.
No trade for Tuesday as I will be on a flight.
NVDA
#CoveredCalls – Selling part of the next round a little early.
Sold NVDA SEP 16 2022 175.0 Calls @ 2.65
TQQQ,
BTC October 7, 35 call at 1.24 that I sold on Friday at 2.05
SPY,
STO October 7, 435 call at 1.22 so I have a strangle of 350 and 435 at 3.04
#smallbuy BOT NSpC @24.90 Div…
#smallbuy
BOT NSpC @24.90
Div 9%
BOT PBT @17.51
Div 12.99%
BOT GOF @16.99
Div 12.84%
SPY,
STO October 7, 350 put at 1.82
No Warning, actually
#VIXindicator Turned out I made an error on Friday… wasn’t watching the numbers closely enough, but there was no Downside Warning. Despite the big drop, the $VIX action wasn’t as strong as you might expect and fell short of the 27.23 close required to fire the Warning. That level is still in effect today as a closing trigger.
SPX trades
#shortputs #spy Sto 2 SEP…
#shortputs
#spy
Sto 2 SEP 2022 392 PUT @1.22
#shortputs #tesla Btc 26 AUG…
#shortputs
#tesla
Btc 26 AUG 2022 286.67 PUT @.05 /sold for 1.18/for 1 day/out before close.
SPY
#ShortPuts – One more this afternoon.
Sold SPY OCT 7 2022 385.0 Put @ 5.15
SPX 1-dte stopped
#SPXdte Put side stopped, bought to close $SPX Aug 26th 4080/4060 put spreads for 1.05. Condors sold for 1.70 yesterday.
TQQQ,
STO October 7, 35 call at 2.05, I think we go lower.
SPX 5-dte
#SPX5dte After weeks of success I screwed up pretty badly today on this long condor. After missing the chance to exit on the big swings during Powell’s speech, I felt the action was bullish so wanted to exit the put spreads first. I did for 4.00 as it started down, but then it dropped WAY down. Now it looks like no bounce will come, or at least not one big enough to make the 4165/4185 call side profitable enough.
My recent strategy has been going well, using #SPX1dte as a base and then throwing in a long condor about once per week. However, I’m wary that the long strategy is inherently more risky. The best bet is to try to exit before expiration day, and indeed, today is the first week in awhile where I waited for expiration day. I did that because the week was pretty flat, giving me no obvious swings with which to exit.
During Powell’s speech, when we dropped, I set an order to sell the put spreads at 8.00. We had just hit about 8.50 so was trying to pick a bottom. Turns out I did pick it, but set my order a few seconds too late as the bounce began. Then we bounced way up and could have exited for 13.00 or more. That would have ended my day. But alas, now I’m pretty much screwed.
I don’t like relying on a strategy that is that fragile. The loss I’ll take today, as much as 13.75, is made up by the last few weeks of profit on this 5-dte trade, but it is a shame that my overall progress takes a big step back. So what I’ve determined is that I need to take a loss on the day before expiration if the SPX is still near the center of my condor. Typically, that would result in a 1.00 to 3.00 loss, which is completely acceptable. Going into expiration day could mean a big win, but only if you play the swings exactly right. So that risk of big loss is too great to risk.
NVDA TQQQ
#ShortPuts #CoveredCalls – A few today.
NVDA: Got both sides rolled at decent prices on the fluctuations.Out the rest of the day so won’t be able to watch much.
Rolled NVDA AUG 26 2022 170.0 Calls to SEP 2 2022 175.0 Calls @ .30 debit (11.15 total now)
Rolled NVDA AUG 26 2022 170.0 Calls to SEP 2 2022 175.0 Calls @ .35 debit (10.60 total now)
Rolled NVDA AUG 26 2022 182.5 Put to SEP 2 2022 182.5 Put @ 2.35 credit (8.95 total now)
Rolled NVDA AUG 26 2022 185.0 Put to SEP 2 2022 185.0 Put @ 1.75 credit (10.85 total now)
TQQQ: Assigned on 39 and 40 strike puts. Adding covered calls and rolling the rest.
Rolled TQQQ AUG 26 2022 33.0 Calls to SEP 2 2022 34.5 Calls @ .02 credit (.65 total now)
Sold TQQQ SEP 2 2022 34.5 Calls @ 1.05
Rolled TQQQ AUG 26 2022 38.0 Puts to SEP 2 2022 38.0 Puts @ .25 credit (2.50 total now)
Rolled TQQQ AUG 26 2022 41.0 Puts to SEP 2 2022 41.0 Puts @ .04 credit (3.68 total now)
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 26th 4060/4080-4280/4300 condors for 1.70, SPX at 4189, IV 29.3%, deltas -.06 +.06
Expiring: Aug 25th 4060/4080-4205/4220 condors, sold yesterday for 1.50.
#smallbuy #zm BOT ZIM @47.99
#shortputs #tesla sto 26 AUG…
#shortputs
#tesla
sto 26 AUG 2022 286.67 PUT @1.18
1 day
#rolling #SOXL rolled /2 SEP…
GOOGL Put Roll
#shortputs
$GOOGL BTC 8/26 117 put and STO 9/2 116 put at .10 added credit and $1 less if assigned
SPX trades
#SPX1dte One of these days I’m gonna pick the RIGHT day to go long. Today wasn’t it. So I’m selling a 1-hour-50-minute condor to recoup some loss: Sold to Open $SPX Aug 24th 4100/4120-4165/4185 condors for .90, with SPX at 4139.
#smallbuy #ZIM BOT ZIM @49.32…
SPX 1-dte
#SPX1dte Such a quiet day after two stormy ones… I decided to go LONG on tomorrow’s as I can’t imagine two days like this in a row.
Bought to open $SPX Aug 24th 4030/4050-4200/4220 condors for 1.25. Deltas -.05 +.05
Expired: Aug 23rd 4040/4060-4210/4230 condors, sold yesterday for 1.30
MSFT,
IN my IRA, STO October 21, 240 put at 2.75
NVDA TLT
#CoveredCalls – A few.
NVDA: A possibly too aggressive roll down for earnings.
Rolled NVDA AUG 26 2022 182.5 Calls to AUG 26 2022 170.0 Calls @ 4.75 credit (10.95 total now)
Rolled NVDA AUG 26 2022 185.0 Calls to AUG 26 2022 170.0 Calls @ 5.35 credit (11.45 total now)
TLT: Covered.
Bought to Close TLT AUG 26 2022 116.5 Calls @ .09 (sold for .63)
Sold TLT SEP 16 2022 116.0 Calls @ 1.09 and 1.12
SPX,
STO 4080/4100-4180/4200 iron condor for expiration today at 1.50
Upside Warning canceled
#VIXindicator If $VIX closes at 24.45 or higher it will be Downside Warning.
SPX trades
#SPX5dte Bought to open $SPX Aug 26th 4135/4155-4165/4185 condors for 17.75, SPX at 4143.
Will add 1-dte trade to comments when I sell in a couple hours.
TSLA
#ShortPuts – Sold TSLA SEP 16 2022 675.0 Put @ 3.75
Adjusting TTD
With the stock at 62.92 resetting strikes, rolling Sep 16 $TTD 75/65 inverted strangle to Sep 16 60/67 strangle @ 10.48 debit.
Previous trades:
Original (8/9): STO 45/65 strangle as an earnings trade @ 4.11
8/10: Rolled 45 puts up to 65 @ 3.20 credit
8/11: Rolled 65 puts up to 75 @ 3.70 credit
8/16: Added 80/85 bear call spread @ 1.21 credit
#tiny buy BOT NSpC @24.99…
#tiny buy
BOT NSpC @24.99
div 9%
——-
BOT DJIA @23.31
div 7.83%
SPX stopped – Upside Warning ending?
#SPX1dte Bought to close $SPX Aug 22nd 4150/4130 put spreads for 3.40. Condors sold for 1.45 on Friday.
#VIXindicator Thus far the $SPX peaked at 4325 on the 16th, a 4.3% rise from the start of the Upside Warning on the 5th. It would take an intraday $VIX peak of 24.45 today to cancel the UpW.
#small buy Bot ryld @…
#small buy
Bot ryld @ 21.16
div 11.82%
—–
Bot twopa
div 8.61%
RTX Call Roll / GOOGL Put Roll
#coveredcalls
$RTX BTC 8/19 96 call at .02 and STO 8/26 94 call at .92
#shortputs
$GOOGL BTC 8/19 118.5 put at 1.32 and STO 8/26 117 put at 1.65. Added credit of .33 and $1.50 less if assigned
SPX trades
XOP,
Since Buffett likes OXY, he must like oil so,
STO October 21, 100 put at 1.03 with the ETF trading at $142
SMH,
STO November 18, 200 put at 5.05
NVDA TQQQ
#ShortPuts #CoveredCalls #CoveredStraddles – A few today.
NVDA: Setting up covered straddles. More calls than puts. Earnings next week so this should be interesting. 🙂 🙂
Rolled NVDA AUG 19 2022 185.0 Put to AUG 26 2022 182.5 Put @ 2.25 credit (6.60 total now)
Rolled NVDA AUG 19 2022 185.0 Put to AUG 26 2022 185.0 Put @ 3.80 credit (9.10 total now)
TQQQ: Doing their job putting a stop to the rally and getting calls back in play.
Rolled TQQQ AUG 19 2022 38.0 Puts to AUG 26 2022 38.0 Puts @ .46 credit (2.28 total now)
Rolled TQQQ AUG 19 2022 39.0 Puts to AUG 26 2022 39.0 Puts @ .25 credit (2.50 total now)
Rolled TQQQ AUG 19 2022 40.0 Puts to AUG 26 2022 40.0 Puts @ .15 credit (3.00 total now)
Rolled TQQQ AUG 19 2022 41.0 Puts to AUG 26 2022 41.0 Puts @ .07 credit (3.64 total now)
SPY
#ShortPuts – Got my full Friday ladder established again.
Sold SPY SEP 30 2022 405.0 Put @ 5.13
SPX 1-dte
#SPX1dte Thursday’s condor expired, sold Wednesday for 1.20.
No trade for Friday as I’m vacationing in Vancouver BC at the moment. It was over 95 degrees here today!
RBLX Put Roll
$RBLX Put Roll
#shortputs
$RBLX BTC 8/19 47 put and STO 8/26 45.5 put at additional credit of .05 and $1.5 less if assigned.
TLT
#CoveredCalls – Another round.
Bought to Close TLT AUG 19 2022 117.0 Calls @ .05 (sold for 1.30)
Sold TLT AUG 26 2022 116.5 Calls @ .63
SMH,
STO September 30, 220 put at 3.70
SPX Iron Condor,
I am going to try it again.
STO August 19, 4200/4220 and STO 4320/4340 iron condor for 1.50, these expire on the open tomorrow.
JKS Put Roll
#shortputs
$JKS BTC 8/19 65 put and STO 8/26 60 put at additional credit of 1.18 and $5 less if assigned. Thank you @jsd for the idea
ARKK SPY
#CoveredCalls #JadeLizards – A couple.
ARKK: Covered.
Bought to Close ARKK AUG 19 2022 52.0 Calls @ .04 (sold for 1.15)
Sold ARKK SEP 16 2022 52.0 Calls @ 1.40
SPY: Clean up of Jade Lizard scraps.
Bought to Close SPY AUG 19 2022 385.0/390.0 Bear Call Spread @ 5.00 (sold for 5.70)
#shortputs #soxl sto 19 AUG…
#shortputs
#soxl
sto 19 AUG 2022 17 PUT @.06
SPX1dte
#SPX1dte Sold to Open $SPX Aug 18th 4180/4200-4345/4365 condors for 1.20, SPX at 4276, IV 19.8%, deltas -.06 +.06
#smallbuy BOT CRF @9.99 div…
ISRG SPY TQQQ
#ShortPuts #CoveredCalls – A few today.
ISRG: Back into it again.
Sold ISRG SEP 16 2022 210.0 Put @ 3.00
SPY: Rolling covered and adding new put sales.
Rolled SPY AUG 19 2022 385.0 Calls to SEP 16 2022 387.0 Calls @ .25 debit (3.50 total now)
Rolled SPY AUG 19 2022 385.0 Calls to SEP 16 2022 387.0 Calls @ .25 debit (12.65 total now)
Rolled SPY AUG 19 2022 387.0 Call to SEP 16 2022 389.0 Call @ .20 debit (5.30 total now)
Sold SPY SEP 2 2022 420.0 Put @ 4.00
Sold SPY SEP 9 2022 415.0 Puts @ 3.75
Sold SPY SEP 23 2022 410.0 Put @ 5.25
TQQQ: Covered rolling.
Rolled TQQQ AUG 19 2022 33.0 Calls to SEP 16 2022 35.0 Calls @ even
SPX stopped
#SPX1dte Bought to close $SPX Aug 17th 4230/4210 put spreads for 2.00. Condors sold yesterday for 1.20.
SMH,
STO September 2, 220 put at 1.82 for a small trade.
#DLNGpB small buy BOT DLNGpB…
#DLNGpB
small buy
BOT DLNGpB @25.00
div 8.75%
#rolling #SOXL 26 AUG 2022/19…
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 17th 4210/4230-4360/4380 condors for 1.20, SPX at 4306, IV 17.9%, deltas -.06 +.06
Expiring: Aug 16th 4215/4235-4350/4370 condors, sold yesterday for 1.60.
Adding a TTD position
Sold $TTD Sep 20 80/85 bear call spread @ 1.21 with the stock around 73.40. Looks like it’s exhausted its post-earnings move up so I’m bringing premium against my inverted strangle (75/65).
NVDA SPY
#ShortPuts #CoveredCalls – A few.
NVDA: A short dip this morning to get some covered rolls done. Earnings next week.
Rolled NVDA AUG 19 2022 177.5 Calls to AUG 26 2022 182.5 Calls @ even (6.20 total now)
Rolled NVDA AUG 19 2022 180.0 Calls to AUG 26 2022 185.0 Calls @ .35 credit (6.10 total now)
SPY: Small add hoping it takes some heat.
Sold SPY SEP 16 2022 415.0 Put @ 5.00
#shortputs #spy BTC +1 SPY…
#shortputs
#spy
BTC SPY 19 AUG 22 397.5 PUT @.05 /sto 3.51
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 16th 4215/4235-4350/4370 condors for 1.60, SPX at 4298, deltas -.07 +.08, IV 17.4%
RTX,
STO September 16, 90 put at .83
SPX stopped
#SPX1dte Bought to close $SPX Aug 15th 4310/4330 call spreads for 1.25. Condors sold for .95 this morning.
Selling these in the morning definitely more difficult now, so I can’t be forgetting like I did on Friday. Had I sold then, my short call strike would have probably been 4340.
SPX 5-dte
#SPX5dte Sold to close $SPX Aug 17th 4260/4240 put spreads for 7.50. I’m sensing we will again test the 4280 level (or higher) so selling the put side now. Condors bought for 16.40 on Friday.
MSFT,
STO September 16, 260 put at 1.33, just small trades to keep involved.
SPY
#ShortPuts – Selling inside the expected move but down closer to the 50 day. Seeing if we can get something going in Sep.
Sold SPY SEP 16 2022 410.0 Put @ 4.60
TSLA
#ShortPuts – Bought to Close TSLA AUG 19 2022 750.0 Put @ .27 (sold for 5.05)
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 15th 4175/4195-4310/4330 condors for .95, deltas -.06 +.05
#dividends small buys BOT GECCM…
#dividends
small buys
BOT GECCM @24.95 /div 6.76 % quarterly payer
BOT RIV @15.12 /div 13.47% monthly payer
BOT DJIA @23.44 /div 10.40 % monthly payer
% number is annually
Options Bistro 