Tried replying to Iceman twice and both posts disappeared while waiting approval. Seems to be working here though. Following up on his thoughts…SPY IV Tue thru Mon and also interesting spot VIX spike today while futures stayed flat to down. Definitely a binary week!
For those who need a visual presentation
$SSO STO 12/16 50.50 call at .35
$SPY STO 12/14 400 call at 3.25
$GNRC STO 12/16 99 call at 1.65
$AMZN STO 12/16 95 call at .50
$BX STO 12/16 87 call at .35
$RTX STO 12/16 102 call at .30
$GOOGL STO 12/16 98 call at .36
$BAC STO 12/16 33.5 call at .28
#spx1dte
12/12 $SPX 3870/3850 – 4020/4040 expired. Sold for $1.15 No trade for tomorrow.
Before the bell… IV at 90%, so I won’t be trading now… will look at opportunities after the report and closer to the open.
SOXL stock is on a roll – adding more calls against old long calls
Sold SOXL Dec 16 2022 15.5 Calls at $0.13 and $0.16
Sold SOXL Dec 16 2022 16.0 Calls at $0.13
#OnlySpreads
STO LABU 16 DEC 2022 5.5 PUT @.10
STO SOXL 16 DEC2022 9.5 PUT @.11
STO EWZ 16 DEC 2022 26.5 PUT @.43
#coveredcalls
STO SOXL 16 DEC 2022 15 CALL @.16
Sold LABU Dec 16 2022 7.5 Covered Calls at $0.15
Sold 1 TNA Dec 16 2022 40.0 Covered Call at $0.23
Sold 1 TNA Dec 16 2022 40.5 Covered Call at $0.19
Sold 1 TNA Dec 16 2022 41.0 Covered Call at $0.14
#CoveredLadder
Sold TNA Dec 16 2022 40.5 Diagonal Calls at $0.17
Sold TNA Dec 16 2022 40.0 Diagonal Calls at $0.24
Sold TQQQ Dec 16 2022 24.5 Diagonal Calls at $0.17
Sold TQQQ Dec 16 2022 24.0 Diagonal Calls at $0.23
Sold UVXY Dec 16 2022 9.0 Covered Calls at $0.16
Sold VXX Dec 16 2022 16.5 Covered Calls at $0.22
Sold SOXL Dec 16 2022 10.0 Puts at $0.15
Sold SOXL Dec 16 2022 15.0 Calls at $0.16 and $0.18
#ShortStrangles
High premiums for mid week puts in SPY so setting up some new SPY trades with the short side comfortably out of the money and the long side far enough in the future for additional re-writes:
Bought 1 SPY Dec 23 2022 350.0 Put at $0.24
Sold 1 SPY Dec 13 2022 380.0 Put at $0.46 for a $0.22 Credit (Tuesday expiration)
Bought 1 SPY Dec 30 2022 350.0 Put at $0.40
Sold 1 SPY Dec 14 2022 377.0 Put at $0.63 for a $0.23 Credit (Wednesday expiration)
Bought 1 SPY Jan 06 2023 350.0 Put at $0.69
Sold 1 SPY Dec 15 2022 376.0 Put at $0.76 for a $0.07 Credit (Thursday Expiration)
Options Bistro 