#shortputs
$AMZN BTC 6/16 55 put at .10. STO 10/28 at 1.25.
#coveredcalls
$STNG STO 3/31 56 call at .40
Daily Archives: Thursday, March 30, 2023
Upside Warning takes effect
#VIXIndicator An Upside Warning took effect at the close today after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. This could mean higher prices in coming days or weeks.
Here is data on last several Upside Warnings.
Nov 23, 2022: close on that day: 4,027. Subsequent high was 4195 on Feb 2. 47 trading days, +4.2%
Aug 5, 2022: close on that day: 4145. Subsequent high was 4325 on Aug 16. 7 trading days, +4.3%
Mar 29, 2022: (failed) close on that day: 4631. SPX did not go higher. UpW was canceled after 6 trading days
Dec 27, 2021: close on that day: 4791. Subsequent high was 4818 on Jan 4. 6 trading days, +0.6%
Oct 18, 2021: close on that day: 4486. Subsequent high was 4743 on Nov 22. 14 trading days, +5.7%
Aug 25, 2021: close on that day: 4496. Subsequent high was 4595 on Sep 2. 6 trading days, +1.1%
Aug 13, 2021: (headfake) close on that day: 4468. Subsequent high was 4480 the next day. Canceled the day after that.
May 28, 2021: close on that day: 4204. Subsequent high was 4393 on July 7. 31 trading days, +4.5%
Mar 15, 2021: close on that day: 3969. Subsequent high was 4238 on May 7. 40 trading days, +6.8%
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%
SPX 1-dte
#SPX1dte Sold to Open $SPX March 31st 3960/3980-4100/4120 condors for 1.00, SPX at 4050, deltas -.06 +.06
March 30th 3975/3995-4085/4105 condors, sold this morning for 1.25
#vixgame #FIFTYCENT BOT VIX 17…
VIX
BOT VIX 17 MAY 2023 [AM] 42.5 CALL @.47
BOT VIX 17 MAY 2023 [AM] 50 CALL @.33 /dollar cost averaging
SPX,
It looks like my put spread is going to expire and we have some numbers out tomorrow so I will not look to put on a trade until after the numbers. I am going to the gym.
SOXL LABU
#kickthecan /harder then normal
rolled SOXL 28 APR 2023/31 MAR 2023 12 CALL @.25
—
#rolling
rolled LABU 6 APR 2023/31 MAR 2023 5 PUT @.12
VXX Calls
Bought to close 1 VXX Mar 31 2022 60.0 Covered Call at $0.02. Sold at $1.21
Bought to close 1 VXX Mar 31 2022 59.0 Covered Call at $0.03. Sold at $0.77
Sold 1 VXX Apr 06 2023 57.0 Covered Calls at $0.45 and $0.47
SPX and QQQ
Taking partials
STC SPX 4100 calendar @2-4, avg cost @0.82
STC QQQ 315 calendar @0.8, avg cost @0.35
both long 4/3 and short 3/31 expirations.
UVXY VXX Put Rolls
Rolled UVXY 5.5 Puts out a week for $.06 and $0.07 Credits
Rolled VXX1 (pre-split) 12.0 Puts out a week for $0.07, $0.10, $0.11 and $0.12 Credits
Bought to close 1 VXX Mar 31 2023 43.5 Put at $0.04. Sold at $0.11.
Sold 1 VXX Apr 06 2023 43.0 Put at $0.38 for a $0.34 Credit at a $0.50 lower strike
#VXXContango
Lots of VXX and UVXY Calls and Bear Call Spreads will be expiring this week
Stocks – Dividend capture
Sold ESS at $204.75
Sold ARE at $123.43
Sold AVB at $162.52
All three of these went Ex-dividend today. I had small gains in these tiny positions so last night I put in sell orders for today at yesterday’s high trade price, never expecting for them to fill after big dividends were no longer included for the buyers.
Since these are all REIT’s, I really think I will get better entry prices in the next 3 months. (52 week lows are about 9 points lower for all three of these)
#RaisingCash
LABU
Bought to close LABU Mar 31 2023 4.0 Puts at $0.01.
Sold on a rolldown last Friday at $0.14
Rolled 1 LABU Mar 31 2023 5.5 Put to next week’s LABU Apr 06 2023 5.5 Put at $0.03 Credit
Sold LABU Apr 06 2023 5.5 Covered Calls at $0.07
SPX 1-dte
#SPX1dte Sold to Open $SPX March 30th (same day) 3975/3995-4085/4105 condors for 1.25, deltas -.07 +.07
Pretty tight range, only 90 points between shorts, but lower premium and volatility should mean lower ATR
STO 3980/4000 put spread at…
STO 3980/4000 put spread at .55 in the premarket and I got wordle on the 4th try
Options Bistro 