#coveredcalls
$SHOP STO 3/31 47.50 call at .27
$U STO 3/31 35 call at .16
$STNG BTC 3/31 57 call at .40. STO at $2.40
Daily Archives: Wednesday, March 29, 2023
SPX wait
#SPX1dte I’m going to wait until morning for my condor since I’m only seeing about 1.10 in premium for a spread that’s only 120 wide. After today, we could look at either a pullback or another rally tomorrow.
Expiring: $SPX March 29th 3945/3965-4045/4065 condors, sold this morning for 1.30. Loss on day -.30
SPY TLT
#ShortPuts #SyntheticStock – A few.
SPY: More short term stuff.
Bought to Close SPY MAR 29 2023 396.0 Puts @ .05 (sold for 2.05 and 2.10)
Bought to Close SPY MAR 31 2023 390.0 Put @ .25 (sold for 4.35)
Sold SPY MAR 31 2023 397.0 Put @ 1.25
Sold SPY MAR 31 2023 398.0 Put @ 1.60
Sold SPY MAR 31 2023 399.0 Put @ 1.95
TLT: Added to long term synthetic.
Bought TLT JAN 17 2025 105.0/105.0/75.0 Synthetic Stock /Disaster Puts @ 3.75
Sold TLT APR 6 2023 104.5 Calls @ .90
SOXL VXX Calls
Sold SOXL Mar 31 2023 17.5 Calls at $0.20 and $0.29
Sold 1 SOXL Mar 31 2023 18.0 Calls at $0.19
Sold VXX Mar 31 2023 50.0 Calls at $0.33 and $0.35
#OnlySpreads
VIX LABU SOXL
INTC
Seems that it is close to breaking out (about to cross above the 200-day MA). The MU earning announcement helped
BOIL
Sold to close some of my long BOIL Apr 21 20223 3.0 Puts at $0.35. Bought on 03/06/2023 at $0.17
Sold to Open BOIL 03/31/2023 4.0 Covered and Diagonal Calls at $0.05, $0.06, $0.07 and $0.08
Long stock from last week’s put assignments and still short 3.5 and 4.0 Puts for this week.
#OnlySpreads
SPX triage
#SPX1dte Sold to open $SPX same day March 29th 3945/3965-4045/4065 condors for 1.30, SPX at 4013, deltas -.09 +.07
This is a hedge, partial roll, what ever you wanna call it. I will take a loss on the call side of today’s spread (barring sharp drop) so adding a new spread to recoup some of expected loss.
Downside Warning canceled
#VIXindicator I didn’t notice this until this morning, but futures are certainly showing it. The Downside Warning was canceled at the close yesterday with the $VIX low below 20.00.
Options Bistro 