I am noticing that the SPXL is out performing the TQQQ so when I get involved again, I will be trading that ETF but one day of a rally does not make a trend for me.
Monthly Archives: October 2022
/ES ISRG NVDA SPY
#CoveredCalls #Futures – Crazy day.
/ES: Decent gains. Glad I didn’t wait to close it.
Sold /ES 3600/3550/3500 Put Butterflies @ 10.25 and 11.00 (bought for 7.00)
ISRG: Early assignment and too early on this sale. Earnings next week.
Sold ISRG OCT 21 2022 185.0 Call @ 5.20
NVDA: Lots of overwrites on this one. Taking a few more off.
Bought to Close NVDA OCT 14 2022 133.0 Calls @ .01 (sold for .95)
Bought to Close NVDA OCT 14 2022 135.0 Calls @ .01 (sold for 1.40)
SPY: Stopped out to the upside on a few and closing a few for safety. Re-loading next week.
Bought to Close SPY OCT 14 2022 365.0 Calls @ 2.80 (sold for 4.40)
Bought to Close SPY OCT 14 2022 370.0 Calls @ .88 (sold for 3.05)
Bought to Close SPY OCT 14 2022 370.0 Calls @ 1.05 (sold for 2.65)
Bought to Close SPY OCT 14 2022 374.0 Call @ .30 (sold for 2.20)
Bought to Close SPY OCT 14 2022 375.0 Call @ .23 (sold for 2.95)
Bought to Close SPY OCT 14 2022 375.0 Call @ .25 (sold for 1.95)
Bought to Close SPY OCT 14 2022 376.0 Call @ .17 (sold for 2.60)
Sold SPY OCT 21 2022 365.0 Calls @ 1.95 (uugh waaay too early)
Sold SPY OCT 21 2022 373.0 Call @ 2.74
Sold SPY OCT 21 2022 374.0 Call @ 2.46
Sold SPY OCT 21 2022 375.0 Call @ 2.10
Sold SPY OCT 21 2022 375.0 Call @ 2.15
Sold SPY OCT 21 2022 376.0 Call @ 2.10
Sold SPY OCT 21 2022 377.0 Call @ 2.45
Sold SPY OCT 21 2022 378.0 Call @ 2.20
Sold SPY OCT 21 2022 379.0 Call @ 2.00
Sold SPY OCT 21 2022 380.0 Calls @ 1.75
#smallbuy Buy OXLC @5.20 #dividends
#smallbuy
Buy OXLC @5.20
#dividends
PFE BX ENPH Covered Calls
#coveredcalls
$PFE STO 10/14 43.5 call at .13
$BX STO 10/14 89 call at .20
$ENPH STO 10/14 260 call at 1.39
#smallbuy Buy OAKpA @23.05 #dividends…
#smallbuy
Buy OAKpA @23.05
#dividends =7.05%
SPX closed for safety
#SPX1dte Closed $SPX Oct 13th 3400/3380 put spread for .10. Condors sold yesterday for 1.25. I will let calls expire.
My job looks like it will afford enough access to my computer that I can continue trading semi-regularly, at least until end of November when we begin shooting. The show I am working on is the third season of “Hacks,” produced by NBC/Universal for HBO.
It will mean I will be closing one or both sides for safety more often than I normally do, so I can be risk-off for remainder of day.
CPI higher than expected (hoped)
Consumer prices rose 0.4% in September and were up 8.2% from a year ago. Expectation was 0.2% increase.
$SPX set to open at new low for 2022, lowest levels since November 2020.
$VIX doesn’t seem to care much, at least in pre-market.
/ES
#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
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.
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.
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
SPX 1-dte
#SPX1dte Sold to Open $SPX Oct 12th 3460/3480-3685/3705 condors for 1.40, SPX at 3587, deltas -.05 +.06
SPY
#CoveredCalls – Aggressive roll down to keep things interesting this week.
Rolled SPY OCT 14 2022 377.0 Call to OCT 14 2022 365.0 Call @ 2.10 credit (4.40 total now)
ARKK NVDA SOXL SPY TBT TQQQ XBI
ARKK: Another round of covered.
Bought to Close ARKK OCT 21 2022 47.0 Calls @ .05 (sold for 1.27)
Sold ARKK OCT 21 2022 38.5 Calls @ 1.04
NVDA: Overwriting quite a bit with profitable stops set on current positions. Taking a few off also.
Bought to Close NVDA OCT 14 2022 140.0 Calls @ .05 (sold for 1.02)
Sold NVDA OCT 21 2022 130.0 Calls @ 1.15
Sold NVDA OCT 21 2022 130.0 Calls @ 1.20
SOXL: Another round.
Bought to Close SOXL OCT 14 2022 12.0 Calls @ .01 (sold for .30)
Sold SOXL OCT 21 2022 10.0 Calls @ .27
SPY: Roll down for additional credit.
Rolled SPY OCT 14 2022 379.0 Calls to OCT 14 2022 370.0 Calls @ 1.55 credit (2.65 total now)
Rolled SPY OCT 14 2022 378.0 Calls to OCT 14 2022 370.0 Calls @ 1.00 credit (3.00 total now)
Rolled SPY OCT 14 2022 375.0 Calls to OCT 14 2022 370.0 Calls @ 1.10 credit (3.05 total now)
TBT: Adding.
Bought TBT JAN 17 2025 30.0 Put @ 6.50
TQQQ: Another round.
Bought to Close TQQQ OCT 14 2022 25.0 Calls @ .01 (sold for .44)
Sold TQQQ OCT 21 2022 21.0 Calls @ .60
XBI: Rolling calls down for additional credit.
Sold against a short put ladder:
Rolled XBI Oct 14 2022 88.0 Calls to Oct 14 2022 83.0 Calls @ .35 credit (1.00 total now)
Covered:
Rolled XBI OCT 14 2022 81.0 Calls to OCT 14 2022 79.0 Calls @ .60 credit (3.20 total now)
SPX 1-dte
#SPX1dte At 11 minutes into trading, sold $SPX Oct 11th 3495/3515-3655/3675 condors for 1.30, SPX at 3583, deltas -.06 +.05.
Don’t forget, September CPI report (inflation) released this Thursday at 8:30am ET
SPX 1 DTE At the Close
SPX 1-dte
#SPX1dte At 27 minutes into trading, sold to open $SPX 3545/3565-3690/3710 condors for 1.45. Deltas -.06 +.06
My first day on the new show so depending on my schedule, my trading and posting will be more limited.
NVDA SPY XBI
#ShortPuts #CoveredCalls – A little bit of both.
NVDA: Another round.
Bought to Close NVDA OCT 7 2022 130.0 Calls @ .05 (sold for 2.00)
Sold NVDA OCT 14 2022 133.0 Calls @ .95
Sold NVDA OCT 21 2022 135.0 Calls @ 1.60
SPY: Another round. Nice VIX pop this week. Premiums are better than last week for similar strikes even on a big down day.
Bought to Close SPY OCT 7 2022 369.0 Call @ .05 (sold for 4.85)
Bought to Close SPY OCT 7 2022 370.0 Call @ .05 (sold for 2.71)
Bought to Close SPY OCT 7 2022 372.0 Call @ .05 (sold for 2.20)
Bought to Close SPY OCT 7 2022 373.0 Call @ .05 (sold for 3.81)
Bought to Close SPY OCT 7 2022 374.0 Call @ .05 (sold for 1.95)
Bought to Close SPY OCT 7 2022 375.0 Call @ .05 (sold for 3.05)
Bought to Close SPY OCT 7 2022 375.0 Call @ .05 (sold for 3.15)
Bought to Close SPY OCT 7 2022 376.0 Call @ .05 (sold for 1.50)
Bought to Close SPY OCT 7 2022 377.0 Calls @ .05 (sold for 1.38)
Sold SPY OCT 14 2022 374.0 Call @ 2.20
Sold SPY OCT 14 2022 375.0 Calls @ 1.95
Sold SPY OCT 14 2022 375.0 Call @ 2.95
Sold SPY OCT 14 2022 376.0 Call @ 2.60
Sold SPY OCT 14 2022 377.0 Call @ 2.30
Sold SPY OCT 14 2022 378.0 Calls @ 2.00
Sold SPY OCT 14 2022 379.0 Calls @ 1.10
XBI: Roll and add.
Rolled XBI OCT 7 2022 79.0 Calls to OCT 14 2022 81.0 Calls @ .10 credit (2.60 total now)
Rolled XBI OCT 7 2022 81.0 Put to OCT 14 2022 81.0 Put @ 1.70 credit (3.95 total now)
Sold XBI OCT 14 2022 80.0 Put @ 2.04
FED,
The new York FED, Williams, said that they ae shrinking their balance sheet rapidly and that long term interest rates are too low.
SPX stopped
#SPX1dte Stopped out of put side for 2.60. Let’s pretend today never happened.
#smallbuy Buy RYLD @ 19.06…
SPX 1-dte
#SPX1dte Driving in Northern California, managed to listen to CNBC coverage of Jobs Report on TuneIn radio, now stopped at a supercharger so I placed a trade.
#SPX1dte In pre-market, sold to Open $SPX Oct 7th 3610/3630-3800/3820 condors for 1.55. IV 50%, deltas -.07 +.04. I built the trade with +/-.06, but by the time it executed the market spiked down a bit, which is why deltas are off balance.
XBI
#ShortPuts #ShortCalls – Taking a little risk off for tomorrow and adding half size short calls for next week.
Bought to Close XBI OCT 7 2022 78.0 Puts @ .05 (sold for 1.13)
Bought to Close XBI OCT 7 2022 79.0 Puts @ .08 (sold for 1.50)
Bought to Close XBI OCT 7 2022 80.0 Put @ .17 (sold for 1.82)
Sold XBI OCT 14 2022 88.0 Calls @ .65
SPX 1-dte
#SPX1dte Expiring: $SPX Oct 6th 3665/3685-3860/3880 condors, sold yesterday for 1.45.
I am traveling back to LA tomorrow to start work on a new show. So no trade now, and not sure if I’ll be around in the morning to place a same-day. Look out for the JOBS report at 8:30am Eastern, 5:30am Pacific.
XBI
#ShortPuts – Looks pretty good this week so throwing a few out for next week.
Sold XBI OCT 14 2022 81.5 Puts @ 1.80
Sold XBI OCT 14 2022 82.0 Put @ 2.00
Sold XBI OCT 14 2022 82.5 Put @ 2.20
Sold XBI OCT 14 2022 83.0 Put @ 2.35
AAII Sentiment More Bearish Than Ever
This year however, they have been extremely bearish. Over 60% of respondents have said they are bearish 
TLT
#ShortStrangles – New position. Offset by long stock, covered calls, and short TBT in a different account.
Sold TLT NOV 18 2022 100.0/115.0 Strangles @ 2.63
SPX 1-dte
#SPX1dte … And on the third day, the market rested, and did NOT stop me out of my trade.
Expiring: Oct 5th 3655/3675-3860/3880 condors, sold yesterday for 1.25
Sold to open $SPX Oct 6th 3665/3685-3860/3880 condors for 1.45, SPX at 3781, IV 28%, deltas -.06 +.06
NVDA SOXL SPY TLT TQQQ
#ShortPuts #CoveredCalls – A few.
NVDA: Adding.
Sold NVDA OCT 14 2022 140.0 Calls @ 1.02
SOXL: Selling partial.
Sold SOXL OCT 14 2022 12.0 Calls @ .30
SPY: Roll out and down.
Rolled SPY OCT 7 2022 385.0 Put to OCT 14 2022 382.0 Put @ .40 credit (5.55 total now)
TLT: Roll down for additional credit.
Rolled TLT OCT 21 2022 110.0 Calls to OCT 21 2022 106.0 Calls @ .49 credit (1.18 total now)
TQQQ: Selling partial.
Sold TQQQ OCT 14 2022 25.0 Calls @ .44
#smallbuy Buy T @16.12 #exdiv…
NVDA SOXL TQQQ
#CoveredCalls – A lot of these were double writes and others just getting out of the way if this rally continues. Looking for higher strikes to sell next week.
NVDA:
Bought to Close NVDA OCT 7 2022 139.0 Calls @ .39 (sold for 1.35)
Bought to Close NVDA OCT 7 2022 140.0 Calls @ .29 (sold for 1.50)
SOXL:
Bought to Close SOXL OCT 7 2022 12.0 Calls @ .13 (sold for .25)
TQQQ:
Bought to Close TQQQ OCT 7 2022 24.0 Calls @ .24 (sold for .47)
Bought to Close TQQQ OCT 7 2022 25.0 Calls @ .08 (sold for .55)
SPX trades
#SPX1dte Sold to Open $SPX Oct 5th 3655/3675-3860/3880 condors for 1.25, SPX at 3778, IV 28.75%, delta -.06 +.06
Expiring: My 2nd attempt, Oct 4th 3710/3730-3835/3855 condors, sold this morning for 1.70. Loss on day: -.60
Trying Again
#SPX1dte Sold to Open $SPX Oct 4th 3710/3730-3835/3855 condors for 1.70, SPX at 3778 at 7:31am Pacific Time. IV 39.7%, deltas -.14 +.05
SPX 1-dte
#SPX1dte In pre-market, sold to open $SPX Oct 4th (same day) 3615/3635-3790/3810 condors for 1.70, IV 42.3%, deltas -.05 +.06
TSLA
#ShortPuts – Taking a shot the week before earnings.
Sold TSLA OCT 14 2022 220.0 Put @ 3.96
#onlyspreads Sto VERTICAL SPY 3…
#onlyspreads
Sto VERTICAL SPY 3 OCT 2022 367/368 CALL @.18/btc .09
#spy0dte
NVDA
#CoveredCalls – Added a couple.
Sold NVDA OCT 14 2022 135.0 Calls @ 1.40
SPX stopped
#SPX1dte Bought to close $SPX Oct 3rd 3695/3715 call spreads for .90. Sold this morning for 1.45.
#smallbuy Buy DX @11.50 #dividends
#smallbuy
Buy DX @11.50
#dividends
SPX 1-dte
#SPX1dte In pre-market, sold to Open $SPX Oct 3rd (same day) 3500/3520-3695/3715 condors for 1.45, IV 60.7%, deltas -.05 +.05
Options Bistro 