#SPX5dte Sold to close $SPX Sept 27th 3750/3770-3780/3800 condors for 19.15. Bought for 17.80 on Thursday.
#SPX1dte Expiring: Sept 26th 3525/3550-3800/3825 condors, sold Friday for 1.40.
No trade placed for tomorrow due to insufficient premium to get safely OTM. Will consider a same-day trade in the morning.
Sold SOXL Sep 30 2022 8.5 Diagonal Puts at $0.21, replacing last week’s SOXL 9.0 Puts covered at a penny on Friday
You know it’s a BEAR Market when:
75% of stocks are declining today
2630 new lows vs. 47 new highs today
Only 11% of stocks above their 50 day MA
Only 13% of stocks are above their 200 day MA
(Stats courtesy of Finviz.com)
FYI, Garman says it is time to go a little bit long so you can short the market again.
A smaller list of tiny buys so far today:
VFC at $35.00 Div = 5.58%
IP at $32.00 Div = 5.58%
INTC at $27.00 Div = 5.30%
FDX at $144.00 Div = 3.08%
CE at $89.00 Div = 2.98%
#SP500 #FallingKnife
Sold SLV Sep 30 2022 16.5 Diagonal Puts at $0.10 replacing SLV 17.0 Puts that expired Friday
Bought VXX Jan 20 2023 11.0 Puts at $0.10 to write more weekly puts against
#VXXContango
#coveredcalls
#PBT
Sto 17 MAR 2023 17.5 CALL @1.85
#smallbuy
Buy T @15.85
Buy CSSEP @22.01
Buy HPS @14.68
Buy VZ @39.02
#dividends
#smallbuy
Buy CRF @7.99
#dividends
Additional Calls
Sold TNA Sep 30 2022 34.0 Calls at $0.53 and $0.55
Sold TNA Sep 30 2022 34.5 Call at $0.43
Sold all these on the open replacing calls that expired Friday:
TNA Sep 30 2022 35.0 Call at $0.23
TNA Sep 30 2022 34.5 Call at $0.27
TNA Sep 30 2022 34.0 Call at $0.26
TQQQ Sep 30 2022 26.5 Calls at $0.06
TQQQ Sep 30 2022 26.0 Calls at $0.08
TQQQ Sep 30 2022 25.0 Calls at $0.19
TQQQ Sep 30 2022 24.5 Calls at $0.24
TQQQ Sep 30 2022 24.0 Calls at $0.33
VXX Sep 30 2022 22 Calls at $0.40, $0.42 and $0.44
LABU Sep 30 2022 8 Calls at $0.10
#CoveredCalls #OnlySpreads
#CoveredCalls – Reloading and rolling down slightly for additional premium.
Rolled SPY SEP 30 2022 385.0 Call to SEP 30 2022 375.0 Call @ 2.25 credit (8.10 total now)
Rolled SPY SEP 30 2022 389.0 Call to SEP 30 2022 375.0 Call @ 2.55 credit (6.25 total now)
Sold SPY SEP 30 2022 375.0 Call @ 2.94
Sold SPY SEP 30 2022 377.0 Call @ 2.30
Sold SPY SEP 30 2022 379.0 Calls @ 1.75
Options Bistro 