Daily Archives: Thursday, April 6, 2023
OptionsExpiration
==Short Positions that Expired==
BOIL 6/4 Bear Call Spreads
LABU 8/5 Bear Call Spread
LABU 5.5 Covered Calls
SOXL 21/19 Bear Call Spread
SOXL 20/18.5 Bear Call Spread
SOXL 9.5/15.5 Bull Put Spreads
SOXL 9/15 Bull Put Spreads
UVXY 6.0 Covered Calls
UVXY 5.5 Covered Calls
UVXY 5.0 Covered and Diagonal Calls
VXX 80/51 Bear Call Spreads
VXX 77/50 Bear Call Spread
VXX 72/50 Bear Call Spread
VXX 71/50 Bear Call Spread
VXX 70/49 Bear Call Spread
VXX 65/49 Bear Call Spread
VXX 64/49 Bear Call Spread
VXX 53.0, 52.0, 51.0, 50.0, 48.5, 47.5 Covered Calls
VXX 48.5, 47.5, 47.0 46.0 Diagonal Calls
VXX 43.0 Diagonal Put
VXX 42.5 Diagonal Puts
VXX 42.0 Diagonal Puts
KSS 21.5 Put (cash backed in IRA)
==Assignments==
1 BOIL 4.5 Put
UVXY Put Roll
Bought to close UVXY Apr 06 2023 4.5 Puts at $0.12. Sold earlier this week at $0.14 and $0.16
Rolled to short UVXY Apr 14 2023 4.5 Puts at $0.27 for a $0.15 Credit.
Took a bit of the cash and bought:
1 UVXY Jun 16 2023 3.0 Put at $0.07
1 UVXY Sep 15 2023 2.0 Put at $0.04
#UVXYContango
Short week profit
#SPX1dte Expiring: $SPX April 6th 4015/4035-4135/4155 condors, sold yesterday for 1.05
Week’s profit is +4.30.
No trade for Monday, going to stay clear of long weekend and tomorrow’s #Jobs report.
My $PACW 15/10 bull credit spread expires 4/21 and so far, no good. Sold for 3.70, now running about 4.30. I need another pop up towards 14 to get out, or a two-week slow drift up would be ok too.
Bonds vs VIX
The MOVE Index is the bond market equivalent of the VIX Index. It measures the implied volatility of 1-month options from the 2-year note to the 30-year bond.
Today’s closed was 153.9.
The shaded area is inside 2 standard deviations. So, 153.9 above the shaded area means it is… pic.twitter.com/CrZoTxoNUs
— Jim Bianco biancoresearch.eth (@biancoresearch) April 5, 2023
GOOGL TLT XBI
#CoveredCalls #SyntheticCoveredCalls – A few rolls. The ones that are deep in the money are getting rolled to May since I’ll be gone last two weeks of this month.
GOOGL: Synthetic covered rolls.
Rolled GOOGL APR 06 2023 93.0 Calls to MAY 05 23 94.0 Calls @ .05 credit (1.45 total now)
Rolled GOOGL APR 06 2023 94.0 Calls to MAY 05 23 95.0 Calls @ .05 credit (.95 total now)
Rolled GOOGL APR 06 2023 95.0 Call to MAY 05 23 96.0 Call @ .40 credit (2.55 total now)
TLT: Covered and synthetic covered rolling.
Rolled TLT APR 06 2023 104.5 Calls to MAY 05 2023 106.0 Calls @ .15 debit (.75 total now)
Rolled TLT APR 06 2023 105.5 Calls to MAY 05 2023 106.0 Calls @ .85 credit (2.85 total now)
Rolled TLT APR 06 2023 105.5 Calls to MAY 05 2023 107.0 Calls @ .10 credit (.95 total now)
XBI: Covered and synthetic covered rolling.
Rolled XBI APR 06 2023 76.0 Calls to APR 14 2023 77.0 Calls @ .40 credit (1.10 and 2.05 total now)
SPY
STO SPY 13 APR 2023 422/426 CALL @.13 and .16
VXX Long puts
Added a couple of “throw-away” long puts to write against
Bought 1 VXX Jun 16 2023 25.0 Put at $0.03
Bought 1 VXX Jun 16 2023 26.0 Put at $0.03
#VXXContango
SOXL Puts
Rolled my SOXL Apr 06 2023 16.0 Puts to SOXL Apr 14 2023 15.0 Puts at $0.02 Credit and got them out of the money.
Paired with SOXL 15.0 Call that I rolled up to yesterday.
At least one side will definitely expire.
#OnlySpreads
VXX Calls – 0DTE
Sold VXX Apr 06 2023 47.0 Covered Calls at $0.12 and $0.15
#ScalpTrade
Options Bistro 