1 SPY Mar 14 2023 420/396 Bear Call Spread expired. Sold the short yesterday at $0.85
Have a short 395.0 and a short 397 Call for tomorrow
Daily Archives: Tuesday, March 14, 2023
SPX
BTO SPX Apr 4000/4100/4300 1/3/2 call BWB @15 credit.
This pairs up with the put side 3700/3600/3400 1/3/2 BWB opened last week at 21.3, for a total of 36 credit. no additional margin cost.
For this type of trades, i try to leg into each side, sometimes there may not be opportunity to add the other side. Depending how things shake up, I may leg out by 1 week before expiration, or hold a little longer for some extra credit to close.
I also do day scalping on SPX, but generally don’t post, too time sensitive, the window may only be there for a few mins.
SPY
SPX-1dte
#SPX1dte Sold to Open $SPX 3780/3800-3980/3900 condors for 1.40, SPX at 3896, deltas -.06 +.05
Expiring: March 14th 3775/3795-3970/3990 condors, sold this morning for 1.40.
SPY Put rolled
Once SPY broke 388 I had to act before the close (my earlier roll from this morning looks good now)
Rolled today’s SPY Mar 14 2023 392.0 Put to Thursday’s SPY Mar 16 2023 390.0 Put at $0.24 Credit
Dropped the short strike 2 points
#OnlySpreads
SPY SPX
#CoveredCalls #BearPutSpreads – A few.
SPY: Rolled DITM covered calls for today out to Friday. Each one up one strike and filled @ even.
Rolled SPY MAR 14 2023 382.0 calls to MAR 17 2023 383.0 Calls @ even (8.75 total now)
Rolled SPY MAR 14 2023 383.0 calls to MAR 17 2023 384.0 Calls @ even (8.45 total now)
Rolled SPY MAR 14 2023 384.0 calls to MAR 17 2023 385.0 Calls @ even (8.00 total now)
SPX: Took a shot earlier today as SPX approached the 200 day.
Bought to Open SPX JUN 16 2023 3800/3700 Bear Put Spread @ 24.00
PNC KSS Puts rolled
Some more “black hole” trades needed to be rolled after yesterday
Rolled 1 PNC 03/17/2023 141.0 Put to 1 PNC 03/24/2023 139.0 Put at $0.45 Credit
Rolled 1 KSS 03/17/2023 23.0 Puts to 1 KSS 03/24/2023 22.5 Put at $0.07 Credit
SOXL
#coveredcalls
Sto SOXL 100 17 MAR 2023 16.5 CALL @.13
SOXL
Sold SOXL Mar 17 2023 16.0 Calls at $0.29 and $0.34, replacing similar calls that expired on Friday
#OnlySpreads
SPY
Rolled the put the I sold yesterday out another day:
Bought to close 1 SPY Mar 14 2023 394 Put at $2.81. Sold at $9.54
Sold to Open 1 SPY Mar 15 2023 393.0 Put at $3.11 for a $0.30 Credit
Took the credit and bought 1 SPY Mar 21 2023 365.0 Put at $0.28 that will allow me to keep rolling the short down for a few more days
$SPX needs to close above 3940 before I’d even consider this drop over.
Bank trades
#Speculation I’m not sure I’m going to do any trade, but take a look at $PACW and $ZION. Both have dropped dramatically due to Silicon Valley Bank fallout, but both have assured customers they are solid and not at risk. I think selling April puts or put spreads is worth looking at. Especially low risk would be PACW, since stock price currently only 14.00 and even naked puts limits risk since we’re already so close to zero, but way below last week’s high of 27.00+.
VXX SPY
Bought 1 VXX May 19 2023 30.0 Put at $0.05
Sold VXX Mar 17 2023 40.0 Puts at $0.12
Sold 1 VXX Mar 17 2023 42 Put at $0.17
#VXXContango
Bought 1 SPY Mar 17 2023 407.0 Call at $0.13
Sold 1 SPY Mar 16 2023 397.0 Call at $1.16
#OnlySpreads
CPI: inflation up 0.4%, as expected
https://www.cnbc.com/2023/03/14/cpi-inflation-february-2023-.html
SPX 1-dte same day
#SPX1dte Sold to Open $SPX March 14th 3775/3795-3970/3990 condors for 1.40, deltas -.06 +.06
SPX,
STO 3780/3800-3960/3980 Iron condor at 2.05 in the pre market for a small trade.
Options Bistro 