#JadeLizards – Cleaning up a couple of these a week early.
Bought to Close ADBE AUG 19 2022 380/390/395 Jade Lizard @ 5.08 (sold for 10.00)
Bought to Close ISRG AUG 19 2022 215/215/220 Jade Lizard @ 5.10 (sold for 9.20)
Monthly Archives: August 2022
SPX trades
#SPX5dte Bought to Open $SPX Aug 17th 4240/4260-4270/4290 condors for 16.40, SPX at 4265.
SPX stopped
#SPX1dte Bought to close $SPX Aug 12th 4275/4295 call spreads for 1.40. Condors sold for 1.20 this morning.
NVDA SPY TQQQ
#ShortPuts #CoveredCalls – A few today.
NVDA: Covered rolling and add prior to earnings week.
Rolled NVDA AUG 12 2022 175.0 Calls to AUG 19 2022 177.5 Calls @ .65 debit (6.30 total now)
Rolled NVDA AUG 12 2022 177.5 Calls to AUG 19 2022 180.0 Calls @ .05 credit (5.80 total now)
Sold NVDA AUG 19 2022 185.0 Put @ 4.35
SPY: Taking well over 90 percent a week early.
Bought to Close SPY AUG 19 2022 397.5 Put @ .11 (sold for 3.50)
Bought to Close SPY AUG 19 2022 397.5 Put @ .12 (sold for 3.40)
Bought to Close SPY AUG 19 2022 400.0 Put @ .14 (sold for 4.00)
Bought to Close SPY AUG 19 2022 405.0 Put @ .23 (sold for 4.00)
Bought to Close SPY AUG 19 2022 407.5 Put @ .31 (sold for 4.30)
Bought to Close SPY AUG 19 2022 407.5 Put @ .31 (sold for 4.75)
Bought to Close SPY AUG 19 2022 410.0 Put @ .45 (sold for 5.00)
TQQQ: A few more closing and opening.
Bought to Close TQQQ AUG 12 2022 36.0 Puts @ .05 (sold for 1.53)
Bought to Close TQQQ AUG 12 2022 37.0 Put @ .05 (sold for 2.35)
Sold TQQQ AUG 19 2022 38.0 Puts @ 1.82
And finally:
I dare you to sell off. LOL
Sold TQQQ SEP 16 2022 50.0/40.0 Bull Put Spreads @ 8.20
SPY Put Close / RBLX Put / PFE Covered call
#shortputs
$SPY BTC 8/19 397.5 put at .15. STO at 2.72. Thank you @fuzzballl
$RBLX STO 8/19 47 put at 1.29. Thank you for the alert @jsd501
#coveredcalls
$PFE STO 8/19 50.50 call at .35
SPX 1-dte
#SPX1dte In pre-market, sold to open $SPX Aug 12th 4145/4165-4275/4295 condors for 1.20, IV 27.5%, deltas -.06 +.06
Ability to create new posts.
Hi Jeff,
Somehow I lost ability to create new posts or reply directly in the optionsbistro.com.
Was working fine 2 days ago.
Checked login, cleared cache, etc…, but nothing helps.
This post is done from the WordPress account.
Can you please check if there are any issues with my username?
Thank you,
Mike
SPX 1-dte
Did not return from errands in time so I will place a same-day trade in the morning before the open.
TQQQ
#ShortPuts – A few today. Wouldn’t mind a pullback so selling aggressively next week on first part of the ladder.
Bought to Close TQQQ AUG 12 2022 34.0 Puts @ .05 (sold for 1.20)
Bought to Close TQQQ AUG 12 2022 34.5 Puts @ .05 (sold for 1.41)
Bought to Close TQQQ AUG 12 2022 35.0 Puts @ .08 (sold for 1,62)
Sold TQQQ AUG 19 2022 39.0 Puts @ 2.25
Sold TQQQ AUG 19 2022 40.0 Puts @ 2.85
Sold TQQQ AUG 19 2022 41.0 Puts @ 3.57
RBLX,
STO August 19, 49 put at 1.30
DVN,
STO August 19, 62 put at 1.35
SPX stopped
#SPX1dte Bought to close $SPX Aug 11th 4270/4290 call spreads for 1.90. Condors sold yesterday for 1.20. Looks like Upside Warning coming through this time.
SPX 1-dte
#SPX1dte After the closing bell, sold to open $SPX Aug 11th 4115/4135-4270/4290 condors for 1.20, IV 18.9%, deltas -.06 +.06
GOOGL Put / SPX Trade
#shortputs
$GOOGL STO 8/19 118.50 at 1.50
#spx1dte
BTC 8/10 $SPX 4230/4210 call side at .40. STO at .96. Put side expired. STO at .76. Frightening without @jeffcp66
TTD roll up
With the huge post-earnings move (stock up over 33%), rolled Sep 16 45 puts up to 65 puts @ 3.20 credit. Position is now a short 65 straddle, with 7.31 total credit taken in.
NVDA SPY
#ShortPuts – A few.
NVDA: I’ll do the roll down next week into earnings if needed.
Rolled NVDA AUG 12 2022 185.0 Put to NVDA AUG 19 2022 185.0 Put @ 1.30 credit (5.30 total now)
SPY: Taking these a couple days early.
Bought to Close SPY AUG 12 2022 397.5 Put @ .06 (sold for 9.70)
Bought to Close SPY AUG 12 2022 400.0 Put @ .09 (sold for 3.05)
TTD earnings strangle
Borrowing an idea from TastyTrade. Sold $TTD Sep 16 45/65 strangle @ 4.11. Earnings after the bell today.
SPX trades
#SPX1dte No trade for tomorrow as I will be traveling and don’t want to tangle with the CPI report release (inflation for July).
Expected to expire today: $SPX Aug 9th 4055/4075-4205/4225 condors, sold yesterday for 1.30
TQQQ
#ShortPuts – A few more.
Sold TQQQ AUG 12 2022 36.0 Puts @ 1.53
Sold TQQQ AUG 12 2022 37.0 Put @ 2.35
SPX trades
SPX 5-dte
#SPX5dte Sold to close HALF of my position, $SPX Aug 10th 4160/4180 call spreads for 12.00, at 7:44 PT when SPX was at 4182. Bought for 7.00 on Friday.
Planned to hold the rest for more, but then we dropped pretty sharply. Hope this isn’t another head-fake Upside Warning, but it definitely could be, given the uncertainty in the economy.
EWZ
#BullPutSpreads – Not a lot of premium in these so not really interested in owning it. Taking advantage of the bounce to get out with a little profit.
Bought to Close EWZ AUG 19 2022 33.0/30.0 Bull Put Spreads @ 1.98 (sold for 2.40)
NVDA,
STO September 16, 150 put at 3.39
NVDA
#CoveredCalls – Rolling down for additional premium. Earnings Aug 24th.
Rolled NVDA AUG 12 2022 190.0 Calls to AUG 12 2022 175.0 Calls @ 5.00 credit (6.95 total now)
Rolled NVDA AUG 12 2022 190.0 Calls to AUG 12 2022 177.5 Calls @ 3.75 credit (5.75 total now)
Upside Warning in Effect
#VIXIndicator An Upside Warning took effect on Friday after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. This could mean higher prices in coming days or weeks.
Here is data on last several Upside Warnings. The only one in 2022 completely failed, and overall the signal has not performed as strongly since 2020.
Mar 29, 2022: (failed) close on that day: 4631. SPX did not go higher. UpW was canceled after 6 trading days
Dec 27, 2021: close on that day: 4791. Subsequent high was 4818 on Jan 4. 6 trading days, +0.6%
Oct 18, 2021: close on that day: 4486. Subsequent high was 4743 on Nov 22. 14 trading days, +5.7%
Aug 25, 2021: close on that day: 4496. Subsequent high was 4595 on Sep 2. 6 trading days, +1.1%
Aug 13, 2021: (headfake) close on that day: 4468. Subsequent high was 4480 the next day. Canceled the day after that.
May 28, 2021: close on that day: 4204. Subsequent high was 4393 on July 7. 31 trading days, +4.5%
Mar 15, 2021: close on that day: 3969. Subsequent high was 4238 on May 7. 40 trading days, +6.8%
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%
SPX trades
#SPX5dte Bought to Open $SPX Aug 10th 4160/4180 call spreads for 7.00.
Since an Upside Warning looks likely to fire at today’s close, I am going short-term bullish and only buying a call spread rather than a condor. I will look to close this Monday or Tuesday on any significant rise in SPX. The inflation number for July will be released on the 10th (Wednesday), so volatility should increase on these options and hopefully boost the price as well.
Current IV on the Aug 10th SPX option chain is 18.25%
SPY TLT
#ShortPuts #CoveredStraddles – A few more.
SPY: Aggressive add. Come and get it Mr. Market.
Sold SPY AUG 19 2022 410.0 Put @ 5.00
TLT: Long covered stock at 117 strike. Selling puts to set up some covered straddles.
Sold TLT AUG 19 2022 117.0 Puts @ 2.20
NVDA SPY TSLA TQQQ
#ShortPuts #CoveredCalls #JadeLizards – A few today.
NVDA: Put selling and covered rolling. Earnings on the 24th.
Bought to Close NVDA AUG 5 2022 182.5 Put @ .05 (sold for 5.00)
Sold NVDA AUG 12 2022 185.0 Put @ 4.00
Rolled NVDA AUG 5 2022 185.0 Calls to AUG 12 2022 190.0 Calls @ .75 credit
SPY: Re-loading.
Bought to Close SPY AUG 5 2022 402.5 Put @ .05 (sold for 2.50)
Bought to Close SPY AUG 5 2022 405.0 Put @ .05 (sold for 3.25)
Sold SPY AUG 19 2022 405.0 Put @ 4.00
Sold SPY AUG 19 2022 407.5 Put @ 4.30
Sold SPY AUG 19 2022 407.5 Put @ 4.75
TSLA: Closing call side of the Lizard to save a couple extra bucks and rolling put side up for more credit. Leaving just the short put. Original lizard sold for 15.25.
Bought to Close TSLA AUG 19 2022 800/815 Bear Call Spread @ 12.75 debit
Rolled TSLA AUG 19 2022 650.0 Put to AUG 19 2022 750.0 Put @ 2.55 credit
Position is now short the 750 put @ 5.05
TQQQ: Re-loading.
Bought to Close TQQQ AUG 5 2022 33.0 Puts @ .05 (sold for 1.60)
Sold TQQQ AUG 12 2022 34.0 Puts @ 1.20
Sold TQQQ AUG 12 2022 34.5 Puts @ 1.41
Sold TQQQ AUG 12 2022 35.0 Puts @ 1.62
SPX 1-dte
#SPX1dte In pre-market, after the jobs report and spike down, sold to open $SPX Aug 5th 4060/4040 put spreads for 1.10.
Delta -.07 at time of fill.
July Jobs report
#Jobs — Doubling expectations and defying recession fears; earnings up strongly
Gain of +528,000 non-farm payroll jobs, vs. expected gain of 268K
Unemployment at 3.5%, down by 0.1
U6 unemployment 6.7%, unchanged
Labor force participation 62.1%, down by 0.1
Average hourly earnings up strongly by 0.5%; 5.2% increase over the year
May jobs revised up by +2K to +386K
June jobs revised up by +26K to +398K
SPX trades
#SPX5dte After the close, Sold to close $SPX Aug 5th 4130/4150 call spreads for 13.40. With puts closed this morning that’s 18.15 in total credit, so .95 profit on the trade. Didn’t want to risk overnight gap or jobs report before tomorrow’s open.
#SPX1dte Expiring: Aug 4th 4055/4075-4220/4240 condors, sold yesterday for 1.15.
Waiting for after jobs report to sell tomorrow’s 1-dte.
SPX 5-dte
#SPX5dte Sold to close $SPX Aug 5th 4120/4100 put spreads for 4.75. Condors bought for 17.20 on Monday. Looking for an afternoon rally higher so I can sell the call side before tomorrow’s job report.
Ramie Bidu Trade
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 4th 4055/4075-4220/4240 condors for 1.15, SPX at 4158, deltas -.06 +.05
SPX stopped
#SPX1dte Bought to close $SPX Aug 3rd 4170/4190 call spreads for 2.05. Condors sold yesterday for 1.35.
#coveredcalls LABU sto 12 AUG…
#coveredcalls
LABU
sto 12 AUG 2022 10 CALL @.25
SPX 1-dte
#SPX1dte Before the close, Sold to Open $SPX Aug 3rd 3990/4010-4170/4190 condors for 1.35, SPX at 4095, deltas -.06 +.06
Expired: Aug 2nd 4015/4035-4185/4205 condors, sold yesterday for 1.40.
#rolling SOXL STO 12 AUG…
#rolling
SOXL
12 AUG 22/5 AUG 2022 20.5 PUT @.56 credit
12 AUG 22/5 AUG 2022 20 PUT @.54 credit
Closing ROKU
Bought to close $ROKU Aug 19 60/55 bull put spread @ .47. Sold for 1.50 on 7/29.
NVDA
#ShortPuts – Sitting on some 185 strike covered calls this week. Just to make it more interesting adding a short put. AMD earnings tonight so slightly elevated IV in NVDA.
Sold NVDA AUG 5 2022 182.5 Put @ 5.00
EPAM LRCX
Selling my last two lots of EPAM at 364.65 (near it’s 3-month high)
Bought on 02/28/2022 at $203.00 and on 03/07/2022 at $183.00. This company has(had) significant operations in Ukraine. These buys were pure speculation as the war broke out and turned into one of my best gains.
No Dividend. #RaisingCash
Sold my second lot of LRCX at $506.01. Bought on 04/12/2022 at $466.00.
Leaves one more lot at $409.10 that I will hold a bit longer
#FormerFallingKnife
SPX trades
#SPX1dte Sold to Open $SPX Aug 2nd 4015/4035-4185/4205 condors for 1.40, SPX at 4117, IV 21.75%, deltas -.06 +.06
Expiring worthless: Aug 1st 4025/4045-4175/4195 condors, sold this morning for 1.20.
#SPX5dte Expiring with max credit of 20.00: Aug 1st 4040/4060 call spreads. Put side sold for 1.25 on Friday. Condors bought for 17.25 on Wednesday, so 4.00 profit
#shortputs sto AUG 2022 397.5…
#shortputs
sto AUG 19 2022 397.5 PUT @3.51
followed fuzzballl
thank for idea
TNA TQQQ Diagonal Calls
Bought to open TNA Sep 02 2022 55.0 Calls / Sold to open TNA Aug 05 2022 46.0 Calls at $0.03 Credit for the first week
Bought to open 1 TNA Sep 02 2022 52.0 Call / Sold to open TNA Aug 05 2022 44.5 Call at $0.08 Credit for the first week
Also:
Sold to close TQQQ Aug 05 2022 36.0 Calls at $0.57. Bought on 07/13/2022 at $0.13.
Sold to close TNA Aug 05 2022 43.0 Calls at $1.87. Bought on 07/13/2022 at $0.31.
Stocks
Sold a lot of QQQ at $316.38 (near the 1 month high). Bought on 05/12/2022 at $287.48.
Sold my oldest and highest lot of DHI at $79.40 (near the 3 month high). Bought at $75.00 on 03/31/2022.
#FormerFallingKnife
Added a couple:
Bought PARA at $23.20. Div = 4.05%
Bought CINF at 96.36. Div = 2.83%
#SP500 #FallingKnife
ADBE SPY XBI
#ShortPuts #CoveredCalls – A few of each.
ADBE: Rolling put side of the Lizard up for additional credit. Still leaving a small window where both sides can win.
Rolled ADBE AUG 19 2022 360.0 Put to AUG 19 2022 380.0 Put @ 2.40 credit (380/390/395 @ 10.00 now)
SPY: New positions.
Sold SPY AUG 19 2022 397.5 Put @ 3.40
Sold SPY AUG 19 2022 397.5 Put @ 3.50
Sold SPY AUG 19 2022 400.0 Put @ 4.00
XBI: Spending the call premium received to get these back in play and picking up more upside.
Rolled XBI AUG 19 2022 74.0 Calls to SEP 16 2022 79.0 Calls @ 1.65 debit
Rolled XBI AUG 19 2022 74.0 Calls to SEP 16 2022 80.0 Calls @ 2.20 debit
VXX LABU
Starting off with Calls this morning:
Sold VXX Aug 05 2022 23.5 Calls at $0.11
Sold VXX Aug 05 2022 24.0 Calls at $0.09
Sold VXX Aug 05 2022 24.5 Calls at $0.07
Sold LABU Aug 05 2022 9.5 Covered Calls (partial fill) at $0.15
SPX 1-dte
#SPX1dte In pre-market, sold to Open $SPX Aug 1st 4025/4045-4175/4195 condors for 1.20, IV 34%, deltas -.06 +.05
Options Bistro 