Tiny buys at new lows for some high yielders:
WU at $10.14
HBAN at $10.20
PRU at $80.10
PNC at $124.00
#FallingKnife
Daily Archives: Wednesday, March 15, 2023
SPY OptionsExpiration
1 SPY 405/395 Bear Call spread expired
1 SPY 405/397.0 Bear Call spread expired too.
Short a 397 Call and a 400 Call for tomorrow
#OnlySpreads
Stocks
Dumped all my META at $197.16, a new recovery high for this year.
Bought this one 12 times during the 2022 meltdown, getting in at $245.0 to start and ending with a buy at $98.00.
Made about 4% overall and it wasn’t worth the aggravation. 🙂
SPY SOXL
roll SPY 16 MAR 2023/15 MAR 2023 383/386 PUT @.48 /ROLL ONE DAY AND DOWN 386 to 383
roll SOXL 24 MAR 2023/17 MAR 2023 12 CALL @.34
SPX 1 DTE
#spx1dte
$SPX STO 3/16 3740/3760 – 3980/4000 at 1.22 SPX at 3783
Today’s trade
STO 3/15 3790/3810 – 4020/4090 should expire. Sold this morning for .95
SPX 1-dte
#SPX1dte Sold to Open $SPX March 16th 3745/3765-3970/3990 condors for 1.55, SPX at 3877, deltas -.06 +.06
SPX closed
#SPX1dte Bought to close $SPX March 15th 3800/3780 put spreads for .30. Condors sold yesterday for 1.40. My stop was NOT hit but I’m closing for protection in light of a volatile week.
#SPX5dte My ill-timed long put spread (bought Monday for 2.00) has turned out to be a downside hedge for the week on condor trades. But that power will drain a lot tomorrow as Friday expiration nears.
SPX
BTO SPX Mar-27-23 3675/Mar-24-23 3700 Put Diagonal @ 1.05 credit
Will benefit if market drops, as long as it doesn’t fall through 3700 :-(.
SPX,
Ona bounce I sold the 3900/3920 call spread for 1.20for the expiration today.
UVXY Puts
Bought to close UVXY Mar 17 2023 6.0 Puts at $0.14. Sold on a roll last week at $1.33
Rolled to short UVXY Mar 24 2023 5.5 Puts at $0.18 and picked up $0.50 on the short strike
#OnlySpreads
SPY Put rolled
Rolled today’s SPY Mar 14 2023 390.0 Put to Thursday’s SPY Mar 16 2023 388.0 Put at $0.02 Credit
Dropped the short strike 2 points
#OnlySpreads
Hmmmmmmmm??
#Cant make this up
Federal Reserve Governor Michelle Bowman asserted that the U.S. banking system remained resilient and had a solid foundation of strong capital and liquidity.
Citi Bank economist Veronica Clark said that the Federal Reserve needs to raise rates higher citing the economy is still too strong on a broad basis.
TLT
#ShortPuts – Wild swings in this thing so taking it a couple days early. Fidelity is commission free below .65 on BTC orders.
Bought to Close TLT MAR 17 2023 104.0 Puts @ .15 (sold for 1.85)
VXX
Throwaway long puts to write against
Bought 1 VXX May 19 2023 31.0 Put at $0.05
Bought 1 VXX May 19 2023 32.0 Put at $0.05
Bought 1 VXX Jun 16 2023 10.0 Put at $0.02
Bought 1 VXX Jun 16 2023 15.0 Put at $0.03
Bought 1 VXX Jun 16 2023 20.0 Put at $0.04
Bought 1 VXX Sep 15 2023 10.0 Put at $0.04
Bought 1 VXX Sep 15 2023 15.0 Put at $0.05
These are highly illiquid with wide bid/ask spreads
#VXXContango
SPX
BearPutSpreads – Taking the quickie.
Sold to Close SPX JUN 16 2023 3800/3700 Bear Put Spread @ 30.00 (bought for 24.00)
SPX,
STO 3745/3765 put spread at 1.60 in the pre market
Options Bistro 