1 SPY Feb 28 2023 385/394 Bull Put Spread is expiring. Sold yesterday at $0.33 Credit
1 SPY Feb 28 2023 405.0 Diagonal Call is expiring. Sold yesterday at $0.29
Monthly Archives: February 2023
SPX,
I STO the 3900/3920-4065/4085 for 1.10
SPX 1-dte
#SPX1dte Sold to Open $SPX March 1st 3890/3910-4035/4055 condors for 1.15, SPX at 3973, deltas -.06 +.05
Expired: Feb 28th 3890/3910-4040/4060 condors, sold yesterday for 1.15
AMZN GOOGL TLT
#SyntheticCoveredCalls #CoveredCalls #ShortPuts – A few.
AMZN: Synthetic covered.
Bought to Close AMZN MAR 03 2023 98.0 Calls @ .12 (sold for 4.35)
Bought to Close AMZN MAR 03 2023 99.0 Calls @ .07 (sold for 4.00)
Sold AMZN MAR 10 2023 95.0 Calls @ 1.70
Sold AMZN MAR 10 2023 96.0 Calls @ 1.26
GOOGL: Synthetic covered.
Bought to Close GOOGL MAR 03 2023 95.0 Calls @ .06 (sold for 2.75)
Sold GOOGL MAR 10 2023 92 Calls @ 1.20
TLT: Covered.
Bought to Close TLT MAR 03 2023 104.0 Calls @ .05 (sold for .55)
Sold TLT MAR 10 2023 103.0 Calls @ .51
Rolled TLT MAR 03 2023 104.0 Puts to MAR 17 2023 104.0 Puts @ .40 (1.85 total now)
SPX,
Not much premium for the iron condor trades today.
BOIL SOXL
Sold BOIL Mar 03 2023 6.0 Put at $0.23 and $0.28
Sold BOIL Mar 03 2023 5.5 Puts at $0.10 replacing similar puts that expired Friday
Sold 1 SOXL Mar 03 2023 16.0 Call at $0.17
SPY Put
Sold 1 SPY Mar 02 2023 393.0 Put at $0.95
#SPYDailyLadder
SPY
#CoveredCalls – Got the TDA accounts turned back on today so have acces to TOS again. Placing the trades with Fidelity is about all I’ll use them for. A few rolls today on the bounce.
Rolled SPY MAR 03 2023 402.5 Put to MAR 10 2023 399.0 Put @ even (3.15 total now)
Rolled SPY MAR 03 2023 403.0 Put to MAR 10 2023 400.0 Put @ even (2.40 total now)
Rolled SPY MAR 03 2023 404.0 Put to MAR 17 2023 397.0 Put @ even (2.65 total now)
Possible Catalyst
FHFA Home Price Index for December, Q4 (Tuesday)
S&P/Case-Shiller Composite for December (Tuesday)
Chicago Purchasing Managers’ Index (“PMI”) for February (Tuesday)
Federal Reserve Bank of Richmond Manufacturing Index for February (Tuesday)
Markit Manufacturing PMI for February (Wednesday)
Fed’s Waller Speaks (Thursday)
Fed’s Logan Speaks (Friday)
Fed’s Bowman Speaks (Friday)
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 28th 3890/3910-4040/4060 condors for 1.15. SPX at 3979, deltas -.05 +.06
Expired: Feb 27th 3860/3880-4030/4050 condors, sold Friday for 1.35.
SPY Options Expiration
1 SPY 384/394 Bull Put Spread is expiring. Sold on 2/24 at $2.23 Credit
#SPYDailyLadder
SPY
Sold 1 SPY Mar 01 2023 391.0 Put at $0.39
#SPYDailyLadder
Friday’s trades
#SPX1dte I was traveling Friday so I couldn’t post, but as usually happens when I travel, my trade was threatened. It was the first sharp threat I’ve had since I loosened my stop rules. I was able to keep an eye on it and even though we got within 4 points of my short put, I hung on and expired worthless.
Expired: $SPX Feb 24th 3920/3940-4090/4110 condors, sold Thursday for 1.30.
Then, Sold to Open $SPX Feb 27th 3860/3880-4030/4050 condors for 1.35.
SPY SOXL LABU UVXY VXX
Sold 1 SPY Feb 28 2023 405.0 Diagonal Call at $0.29
Sold 1 SOXL Mar 03 2023 15.5 Diagonal Call at $0.41
#OnlySpreads
Sold 1 LABU Mar 03 2023 7.0 Covered Call at $0.09
Sold UVXY Mar 03 2023 6.0 Covered Calls at $0.07
Sold UVXY Mar 03 2023 5.5 Covered Calls at $0.12, $0.13 and $0.14
Sold VXX Mar 03 2023 13.0 Covered Calls at $0.10
#CoveredCalls
Sold 1 SPY Feb 28 2023 394.0 Diagonal Put at $0.36
#SPYDailyLadder
SPX,
STO Feb 27, 4050/4070 call spread at .35
SPY
#CoveredCalls – One account transferred and the other one should be completed this week.
Rolled SPY MAR 3 2023 402.0 Call to MAR 3 2023 392.5 Call @ 4.05 credit (11.65 total now)
Here’s my catch-up post:
Expired
SHOP 2/17 $45 Covered Call, new basis $27.39
SNAP 2/17 $13 Covered Call, new basis $9.22
LFYT 2/17 $20 Covered Call, new basis $13.48
Assigned
TSLA 1/27 $130 Covered Call, Buy write at $121.02
AMZN 2/3 $100 Covered Call, Buy write at $88.45
Expiration
#optionsexpiration
$XBI 84.5 call
$SHOP 43 call
$HAL 36.5 put
#assignment
$SHOP 47 put
Tiny Trades
First buys in a while
Added AAP at 138.50 and 138.00. New 52-week low. Div = 4.22%
Added D at $56.93. Also a new low. Div = 4.66%
#SP500 #FallingKnife
OptionsExpiration
Expired:
BOIL 4.5 Diagonal Puts
BOIL 5.0 Diagonal Puts
LABU 11/8 Bear Call Spreads
SOXL 11.5/12.5 Bull Put Spread
SOXL 12/13 Bull Put Spread
SOXL 12/13.5 Bull Put Spread
SOXL 18/15 Bear Call Spread
SPY 405.0 Diagonal Call
UVXY 8.5/6 Bear Call Spread
UVXY 8/6 Bear Call Spreads
UVXY 7.5/6 Bear Call Spreads
UVXY 7/6 Bear Call Spreads
UVXY 6.0 Covered Calls
UVXY 6.5 Covered Calls
VXX 14/12.5 Bear Call Spread
VXX 14/13 Bear Call Spreads
VXX 12.5 Covered Calls
VXX 13.0 Covered Calls
SPX,
STO 3860/3880-4040/4060 Feb.27, At 1.00
The ones I posted will expire at zero.
SOXL Call
Bought to close 1 SOXL Feb 24 2023 14.5 Call at $0.01. Sold on a roll last week at $2.47
VXX
Bought to close VXX Feb 24 2023 13.0 Calls at $0.01
Bought to close VXX Feb 24 2023 12.0 Puts at $0.01
Rolled VXX Feb 24 2023 13.0 Puts to VXX Mar 03 2023 13.0 Puts at $0.25 Credit
Rolled VXX Feb 24 2023 12.0 Covered Calls to VXX Mar 03 2023 12.5 Covered Calls at $0.08 Credit
Added $0.50 to the strike price
SPY Daily Ladder
Sold 1 SPY Feb 27 2023 394.0 Put at $2.48
#OnlySpreads #SPYDailyLadder
SPY scalp and SPY OptionsExpiration
Yesterday:
Sold 1 SPY Feb 24 2023 405.0 Call at $0.86
#OnlySpreads
Expired:
1 SPY Feb 23 2023 395.0 Put. Sold at $0.87
#SPYDailyLadder
Yesterday,
STO 3880/3900-4080/4100 at .70 cents for FEB 24
STO, 4095/4115 call spread at .40
SPX 1-dte
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 24th 3920/3940-4090/4110 condors for 1.30, SPX at 4019, deltas -.06 +.06
Expiring: Feb 23rd 3885/3905-4050/4070 condors, sold yesterday for 1.20
SPY SOXL
#onlyspreads
Sto SPY 100 2 MAR 2023 379/375 PUT @.13 CBOE
#closing
Btc SOXL 24 FEB 2023 17 CALL @.01
#rolling
Sto SOXL 3 MAR 2023/24 FEB 2023 12 CALL @.13
SSO,
BTO March 3, 48/45 put spread as a hedge for a small trade at .70 cents.
SPY
#closed
Btc 22 FEB 2023 400 PUT @1.66/sto yesterday for 2.02
did not choose many options/pun intended!
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 23rd 3885/3905-4050/4070 condors for 1.20, SPX at 3981, deltas -.05 +.06
Expiring: Feb 22nd 3905/3925-4070/4090 condors, sold yesterday for 1.40.
SPY scalp
Sold 1 SPY Feb 22 2023 404.0 Call at $0.18
Paired with short 400 and 402 Puts I may have to roll this afternoon
#OnlySpreads
VXX Long term Puts
Bought 1 VXX Jan 17 2025 5.0 Put at $0.80 – adding to my position
Bought 1 VXX Jan 17 2025 6.0 Put at $1.25
Both are life-of-contract low prices
#VXXContango
SPX 1 DTE
Today’s trade 4000/3980 – 4150/4170 ended at a loss of $1.51. Took in $1.15 and position closed at $2.66. Held on to the end. Not advisable. First losing trade with this strategy of the year. I’ve had 20 trades since January 18th. Took in 21.60. Now the first loss. I probably will be trading less. Market is a bit scary.
SPX 1-dte
#SPX1dte Twelve minutes after closing bell, Sold to Open $SPX Feb 22nd 3905/3925-4070/4090 condors for 1.40.
SPX
This morning, STO 3970/3990/4095/4115 IC for $1.30
EXPIRED! A bit too close for comfort however.
BOIL
Completely out of KOLD, switching to BOIL to play NatGas.
Unlike KOLD, this one has weekly options.
Sold BOIL Feb 24 2023 4.5 Puts at $0.32
#OnlySpreads
SPX
This morning, STO 3970/3990/4095/4115 IC for $1.30
SPX,
Since the FED minutes come out tomorrow at 2:00 tomorrow I will not put on an iron condor today.
VXX Long term puts
Bought 1 VXX Jan 17 2025 5.0 Put at $0.85
Bought 5 VXX Jan 19 2024 5.0 Puts at $0.17
#VXXContango
XBI
STO XBI Apr21’23 75 PUT @1.50
UVXY VXX SPY
Sold 1 VXX Feb 24 2023 13.0 Call at $0.26
Sold 1 VXX Feb 24 2023 12.5 Call at $0.44
Sold 1 UVXY Mar 03 2023 6.0 Call at $0.32
Sold 1 SPY Feb 23 2023 395.0 Put at $0.87
#OnlySpreads
SPY
STO SPY Mar10’23 380 PUT @1.65
SPY SOXL QYLD
sto SPY 22 FEB 2023 400 PUT @2.02
come on MS. market
—
sto SOXL 24 FEB 2023 13 PUT @.16
sto SOXL 24 FEB 2023 13.5 PUT @.25
——–
BOT QYLD @16.43
divs
SPY,
Rolled Feb 24, 400 put to April 21, 381 put for a credit of 3.25
On the Open
Sold BOIL Feb 24 2023 5.0 Diagonal Puts at $0.51 and $0.55
Sold 1 SPY Feb 21 2023 403.0 Diagonal Put at $1.29 – Expires today
Sold 1 SPY Feb 22 2023 400.0 Put at $1.06
Sold 1 SOXL Feb 24 2023 13.0 Diagonal Put at $0.14
Sold 1 SOXL Feb 24 2023 13.5 Diagonal Put at $0.23
Sold UVXY Feb 24 2023 6.0 Diagonal Calls at $0.11 and $0.13
Sold UVXY Feb 24 2023 6.0 Covered Calls at $0.13
Sold UVXY Mar 03 2023 6.0 Diagonal Calls at $0.26 – not for this week
Sold UVXY Feb 24 2023 6.5 Covered Calls at $0.07
Sold VXX Feb 24 2023 13.0 Diagonal Calls at $0.17 and $0.19
Sold VXX Feb 24 2023 13.0 Covered Calls at $0.17
Sold VXX Mar 03 2023 13.0 Diagonal Calls at $0.38 and $0.41- not for this week
Sold to close VXX Feb 24 2023 14.0 Calls at $0.08
#CoveredCalls #OnlySpreads
IIPR,
I was assigned at the 95 strike but my cost will be around 89.00 and I wrote a covered call for the 95 strike at 1.35 for March 17
PLL Called Away
#assignment
$PLL 65 call Stock closed at 64.58 but jumped over $2 after hours and the stock was taken away. Unusual but true
Commission on SPX
I am curious what are you paying per contract for SPX options with your broker?
Interactive Brokers is charging $1.55 and $1.64 per contract, depending on the premium amount.
Any Of The Bistroites Do This?
The 50 Cent CBOE Volatility Index (“VIX”) trader has returned with a big bet.
This trader – whoever they are – is known for buying call options on the VIX for around $0.50 per contract. (Remember, when someone buys a call option, they profit if the underlying asset rises in value.) They bet that volatility will rise, which often coincides with stocks falling.
And earlier this week, we got clues that 50 Cent may be back…
The first sign was the purchase of 100,000 call contracts on the VIX for $0.50 each. Then, a day later, another 50,000 contracts went through at $0.51. That was the confirmation we needed that this trader is active again.
And want to know the total value of these trades? About $7.6 million. That’s huge!
But we can learn even more by considering the specifics of this trade…
The options purchased have a $50 strike price and expire in May. Right now, the VIX is hovering around 19. That means the 50 Cent trader expects volatility to more than double by May. This trade could be very profitable even if volatility were to quickly jump to 25 or 30.
SPX 1-dte
Expired: $SPX Feb 17th 3965/3985-4165/4185 condors , sold yesterday for 1.30.
Best week of the year so far: 4 trades, +5.50.
No trade for Tuesday due to my work schedule. Have a great 3-day weekend y’all.
Expiration / Called Away
#optionsexpiration
$AMZN 108 call
$AMZN 103 call
$SI 19 call
$SHOP 56 call
$OKTA 67 put
$KR 43.5 put
#assignment
$MO 47 call
$PFE 43 call
SPX 1 DTE
#spx1dte
$SPX STO 2/21 PM 4000/3980 – 4150/4170 at $1.15
Today’s trade STO 3950/3970 – 4170/4190 PM will expire STO at $1.00
U Put / CVX Close Put / PLL Put Roll / SHOP Put Roll
#shortputs
$U STO 2/24/2023 34 put at 1.13
$CVX BTC 2/17 31 put at .05. STO at .25
$PLL BTC 2/17 65 put and STO 3/17 65 put at added credit of $3.60. Stock down today due to expectation of Lithium demand in China.
$SHOP BTC 2/17 47.5 put and STO 2/24 47 put at even.
AMAT
STO 17 Mar 105P for 1.40
SPX, BTC the 4010/4030-4190/4210 at…
SPX, BTC the 4010/4030-4190/4210 at 1.10, Sold at 1.20 yesterday, That is all I was waiting for so I am off to the gym.
The Bistro Hall of Revolving Presidents
Back by popular demand, in observance of Presidents’ Day (and trading holiday) on Monday, it’s the Hall of Revolving Presidents. Click “Home/Refresh” or refresh your browser to change the featured President.
SPY
STO SPY Mar03’23 390 PUT @1.50
STO SPY Mar03’23 395 PUT @2.00
SPY,
Rolled FEB. 17, 405 put to FEB 24 400 put for a credit of .60 cents.
SPX 1 DTE
#spx1dte
$SPX STO 3950/3970 – 4170/4190 PM expiration at $1.00 $SPX at 4092
As noted today’s trade closed at .10. STO at $1.00
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 17th 3965/3985-4165/4185 condors for 1.30.
Expired: Feb 16th 4045/4065-4200/4220 condors, sold yesterday for 1.15
SPX,
STO FEB, 17, 4010/4030-4190/4210 Iron Condor at 1.20, I was too early on this.
SOXL
CALENDAR SOXL /17th FEB 2023, 17 CALL to 24 FEB 2023 @52 credit
SPY,
STO March 24, 390 put at 3.04
Sorry, it was March 24 and not March 3
AMZN SPY
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – This is the last of it. Making the big move tonight. Look out Fidelity here I come! 🙂 🙂 🙂
AMZN: Synthetic covered.
Rolled AMZN FEB 17 2023 97.0 Calls to MAR 3 2023 97.0 Calls @ 1.57 credit (4.75 total now)
Rolled AMZN FEB 17 2023 98.0 Calls to MAR 3 2023 98.0 Calls @ 1.78 credit (4.40 total now)
Rolled AMZN FEB 17 2023 99.0 Calls to MAR 3 2023 99.0 Calls @ 1.93 credit (4.00 total now)
SPY: Clean up the scraps.
Bought to Close SPY FEB 17 2023 400.0 Puts @ .07 (sold for 2.50)
Bought to Close SPY FEB 17 2023 404.0 Put @ .15 (sold for 3.00)
Bought to Close SPY FEB 17 2023 405.0 Put @ .18 (sold for 3.10)
Bought to Close SPY FEB 17 2023 405.0 Put @ .19 (sold for 2.75)
Bought to Close SPY FEB 24 2023 400.0 Put @ .71 (sold for 2.50)
Sold SPY MAR 10 2023 402.5 Put @ 3.15
GOOGL SPY TLT XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few on the early weakness. Skipping next week and using March 3rd while my accounts are being moved.
GOOGL: Synthetic stock. Small one for fun. Mainly to compare it to AMZN and see which I like best.
Bought GOOGL JUN 20 2025 95.0/95.0.0/45.0 Synthetic Stock with Disaster Puts @ 11.25
Sold GOOGL MAR 3 2023 95.0 Calls @ 2.73
SPY: Adding.
Sold SPY MAR 3 2023 403.0 Put @ 2.44
Sold SPY MAR 3 2023 404.0 Put @ 2.66
Sold SPY MAR 24 2023 390.0 Put @ 3.85
Rolled SPY FEB 17 2023 399.0 Call to MAR 3 2023 402.0 Call @ .45 credit (7.60 total now)
TLT: Another synthetic dividend.
Bought to Close TLT FEB 17 2023 106.0 Calls @ .01 (sold for .55)
Sold TLT MAR 3 2023 104.0 Calls @ .55
Rolled TLT FEB 17 2023 104.0 Puts to MAR 3 2023 104.0 Puts @ .62 credit (1.45 total now)
XBI: Adding.
Sold XBI MAR 17 2023 80.0 Put @ 1.10
Tool for Tracking My Positions
Over the past few years I have been working to evolve a system for tracking my positions that doesn’t take a lot of time. It has been informative and helped evolve my trading practices. I am able to download my current portfolio and daily trades (custom date in historical trades using current day as the starting date) from my Schwab accounts. Once they are downloaded the google sheets program does the magic and gives me my performance for each of the positions generating a graph like the ones below.
The graphs give me the cumulative daily profit for the stock, option(s), dividends and net of the three.
Ideally the black line (net profit) should be above the blue line (profit/loss from the stock). As you can see in the charts below it is a challenge to get the black line above the blue line. When the stock price drops and I make money on the short calls it out performs the stock but when the stock goes on a run the loss on the options tend to offset the gains.
I try and hold my stock positions for 12 months so I only pay long term capital gains when I sell them (which can be a challenge based on the tax rules). Lots of rolls on the options. Some weekly, some monthly.
I use Schwab for the trading and downloads.
Hope you find this interesting and it might give you some ideas. I track about forty positions between two accounts.
SPX,
4050/4070-4230/4250 iron condor this morning premarket STO at 1.25
I’m one of those silent…
I’m one of those silent watchers learning from everyone and I trade on a limited basis (because of my fulltime job and I’ve been handed my rear-end to me a couple of times.). I was an early joiner coming over from SMM and OMM. I have an enormous amount of respect for this community as I quietly follow many. I read this blog every evening! I will work to post more frequently. I appreciate all of those who post religiously! Thank you, thank you!
I’m back
I’ve not posted recently but hope to begin again.
Catalysts This Week?
Federal Reserve Bank of Philadelphia’s Manufacturing Index for February (Thursday)
PPI for January (Thursday)
Fed’s Cook Speaks (Thursday)
The Conference Board’s Leading Economic Indicators for January (Friday)
#shortputs $IIPR BTC 2/17 90…
#shortputs
$IIPR BTC 2/17 90 put at .75. STO at $4.00 on 1/19. Thank you @jsd501 for the idea.
SPX 1 DTE
#spx1dtee Sold to Open $SPX Feb 16th 4050/4070-4205/4225 condors for 1.00, SPX at 4142
Expiring: Feb 15th 4050/4070-4210/4230 condors, sold yesterday for 1.00.
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 16th 4045/4065-4200/4220 condors for 1.15, SPX at 4139, deltas -.06 +.06
Expiring: Feb 15th 4050/4070-4200/4220 condors, sold yesterday for 1.50.
Options Bistro 