Daily Archives: Friday, April 28, 2023
OptionsExpiration
BOIL 4.0 Covered Call
BOIL 5.5 Covered Calls
FRC 17.5 Diagonal Call
LABU 6.5/6 Bear Call Spread
PNC 150/134 Bear Call Spread
PNC 145/133 Bear Call Spread
SOXL 20/16.5 Bear Call Spread
SOXL 11.5/12.5 Bull Put Spreads
SOXL 10/12 Bull Put Spread
UVXY 6.5/4.5 Bear Call Spreads
UVXY 5.0 Covered Calls
VXX 46.0,47.0 and 48.0 Covered Calls
many, many VXX Bear Call Spreads
I made a graph
Below is some analysis of year-to-date performance of my #SPX1dte strategy. It compares the width of my condor (number of SPX points between short strikes, ranging from 70 to 305), and premium collected (ranging from .85 to 1.80, but shown on chart as 85.00 to 180.00). The VIX daily closing price is also shown at top for reference.
The main finding is that the orange bars, representing width, have dropped a lot in recent weeks. Premium used to be consistently below width, and now it is consistenly higher. Volatility struck this week but we were not able to get an increase in width, which led to my terrible, horrible, no good, very bad week.
SOXL Put Roll
Bought to close 1 SOXL Mar 28 2023 13.5 Put at $0.04. Sold on Monday at $0.16
Rolled to 1 SOXL 05/05/2023 12.5 Put at $0.18 for a $0.14 Credit
Bought to close SOXL Apr 28 2023 13 Puts at $0.01. Sold at $0.11 and $0.18.
Rolled to SOXL May 05 2023 12.5 Puts at $0.14 for a $0.13 Credit
#OnlySpreads
VXX Call Ladder
Starting in on next week
Sold 1 VXX May 05 2023 41.0 Call at $0.50
Sold 1 VXX May 05 2023 41.5 Call at $0.43
Sold 1 VXX May 05 2023 42.0 Call at $0.38
Sold 1 VXX May 05 2023 42.5 Call at $0.36
Sold 1 VXX May 05 2023 43.5 Call at $0.27
LABU Call Roll
Bought to close 1 LABU Mar 28 2023 5.5 Call at $0.08. Sold it last week on a roll at $0.45
Rolled to 1 LABU 05/05/2023 5.5 Call at $0.30 for a $0.22 Credit
#OnlySpreads
PNC Calls
For safety(I’m probably panicking for no reason), I rolled a couple of the 4 PNC short calls I’m carrying into the close up 5 p0ints for one more week:
Bought to close 1 PNC Mar 28 2023 131.0 Covered Call / Sold 1 PNC 05/05/2023 136.0 Covered Call at $0.10 Credit
Bought to close 1 PNC Mar 28 2023 132.0 Call / Sold 1 PNC 05/05/2023 137.0 Call at $0.34 Credit
Waiting to see if my 133 and 134 calls expire
Not my week
#SPX1dte Bought to close $SPX Apr 26th 4165/4185 call spreads for 4.20. Absolutely brutal.
SPX same day
#SPX1dte Sold to Open $SPX Apr 28th 4055/4075-4165/4185 condors for .85
Options Bistro 