#spx1dte
Expired $SPX 4030/4050 – 4200/4220 STO at $1.00
Daily Archives: Thursday, February 9, 2023
TLT
#ShortPuts #CoveredCalls – A few late ones.
Bought to Close TLT FEB 10 2023 106.5 Calls @ .05 (sold for 2.80)
Sold TLT FEB 17 2023 106.0 Calls @ .55
Sold TLT FEB 17 2023 104.0 Puts @ .83
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 10th 3980/4000-4155/4175 condors for 1.15.
Stopped out this morning when we opened at the day’s highs and my stop level was hit. Totally unnecessary. In fact, 100% of my stop-outs so far this year were not necessary. Had I gone with no-stop policy, my profits would be about 75% higher. Results from second half of last year are similar.
This year I have made a total of 16.10, but I have paid 12.75 for unnecessary exits.
(I trade one contract per 15K in each account. So 16.10 amounts to a 5.4%- 10.7% return on each account in 40 calendar days)
So I’m going to start a more relaxed approach. If stop level is hit (which is when SPX comes within the day’s expected move of either of my short strikes) I will watch closely and look for a chance to exit cheaply. If that chance does not come or I miss it, I will let it ride. If my strikes are breached, I will watch more closely and consider exiting for a loss.
VXX
Sold VXX Feb 10 2023 12.0 Calls at $0.06, $0.07, $0.08 and $0.15
Sold VXX Feb 17 2023 13.5 Calls at $0.10 and $0.15
Sold VXX Feb 17 2023 13.0 Calls Net at $0.12, $0.13, $0.17 and $0.18
Sold VXX Feb 24 2023 13.5 Calls at $0.18, $0.20 and $0.25
#OnlySpreads
TNA Call roll and Put ladder
Got spooked by the opening surge and rolled these calls up too soon.
Rolled TNA Feb 10 2023 41.5 Calls to TNA Feb 17 2023 43.0 Call at $0.20 Credit
At least I was able to get a small scalp trade off for tomorrow
Sold to Open 1 TNA Feb 10 2023 45.0 Call at $0.14
Then started on some offsetting short puts:
Sold 1 TNA Feb 17 2023 37.5 Put at $0.61
Sold 1 TNA Feb 17 2023 37.0 Put at $0.58
Sold 1 TNA Feb 17 2023 36.5 Put at $0.50
Sold 1 TNA Feb 17 2023 36.0 Put at $0.43
#OnlySpreads
AMZN XBI
#SyntheticStock #SyntheticCoveredCalls #ShortPuts – I couldn’t resist. I feel like I have to stay involved in these while they are at good levels and have served me well over the last year. Gradually back in during the week. Plan is to still be nearly all SPY though.
AMZN:
Bought AMZN JUN 20 2025 100.0/100.0/45.0 Synthetic Stock with Disaster Puts @ 10.00
Sold AMZN FEB 10 2023 100.0 Calls @ 1.51
Sold AMZN FEB 10 2023 99.0 Calls @ 1.56
XBI:
Sold XBI Mar 17 2023 80.0 Puts @ 1.00 and 1.05
BAX Stock
First one of these trades in a while
Added to my tiny position in BAX at $40.12 ( a new 52-week low)
#SP500 #FallingKnife
Options Bistro 