#Futures – Just for fun bought a few put butterflies for Friday expiration. Risk 350 to make 2150 per buttefly.
Bought /ES 3600/3550/3500 PUT @ 7.00
Daily Archives: Wednesday, October 12, 2022
SPX 1-dte, into the storm
#SPX1dte Sold to Open $SPX Oct 13th 3380/3400-3750/3770 condors for 1.25, SPX at 3583, deltas -.03 +.04
Normally wouldn’t sell going into CPI report after last month’s volatile down day, but these strikes are far OTM and low delta, and still providing ample premium.
TNA Call Ladder
Sold TNA Oct 14 2022 35.0 Calls at $0.12
Sold TNA Oct 14 2022 34.5 Calls at $0.15 and $0.19
Sold TNA Oct 14 2022 34.0 Calls at $0.22 and $0.25
Sold TNA Oct 14 2022 33.0 Covered Calls at $0.37, $0.40 and $0.44
XBI BX Covered Calls
#coveredcalls
$XBI STO 10/21 82 calls at $1.10. Thanks for the reminder @fuzzballl
$BX BTC 10/14 93 call and STO 10/21 93 call at added credit of .72.
XBI
#ShortCalls – Adding a few selling against short puts.
Sold XBI OCT 21 2022 82.0 Calls @ 1.10
SPX closed
#SPX1dte Closed full condor for .25… now it’s only .10. Perfect day for neutral trader.
LABU SOXL SLV SPY VXX
Sold LABU Oct 14 2022 7.5 Covered Calls at $0.10, $0.15 and $0.18
Sold SLV Oct 14 2022 17.0 Diagonal Puts at $0.11
Sold SOXL Oct 14 2022 7.0 Puts at $0.30 and $0.35. Wrote against existing long November Puts
As SPY was approaching a new yearly low near 356
Bought to open SPY Oct 31 2022 300.0 Puts at $0.46 and $0.47
Sold to Open 1 SPY Oct 14 2022 345.0 Put at $1.26 DTE = 2
Sold to Open 1 SPY Oct 17 2022 340.0 Put at $1.02 DTE = 5
Sold VXX Oct 14 2022 24.5 Calls at $0.17
CPI report tomorrow
And today we get this preview… Futures were moving higher until this one dropped…
Wholesale prices rose 0.4% in September, more than expected as inflation persists
Options Bistro 