STO SOXL 21 APR 2023 13.5 PUT @.13
STO SOXL 21 APR 2023 14 PUT @.22
Monthly Archives: April 2023
BOIL LABU SOXL VXX
Sold BOIL Apr 21 2023 4.0 Covered Calls at $0.10
Sold LABU Apr 21 2023 6.0 Covered Calls at $0.08 and $0.15
Sold 1 SOXL Apr 21 2023 13.5 Put at $0.12
Sold 1 SOXL Apr 21 2023 14.0 Put Limit at $0.21
Sold VXX Apr 21 2023 39.0 Puts at $0.27 and $0.28
Sold VXX Apr 21 2023 38.0 Puts at $0.08, $0.09, $0.10 and $0.11
SPX 1-dte SAME DAY
#SPX1dte In pre-market, sold to open $SPX 4075/4095-4175/4195 condors for 1.00, deltas -.06 +.06
At the close yesterday, STO…
At the close yesterday, STO 4020/4040-4180/4200 iron condor at..75 cents. The delta on the put side is .02 and call side is .12
Expirations
#optionsexpiration
$PFE 42.50 call
$SHOP 50 call
$U 32.5 call
SPX…
Expired….$SPX April 14th 4055/4075-4195/4215 condors, sold yesterday for 1.00..
#SPX1dte
OptionsExpiration
== Expired==
BOIL 4.0 Covered Calls
BOIL 4.5 Covered Calls
BOIL 2.5/3 Bull Put Spread
LABU 5.5 Covered Call
LABU 7/5.5 Bear Call Spread
LABU 3/5 Bull Put Spreads
SOXL 21/18 Bear Call Spread
SOXL 19.5/17 Bear Call Spread
SOXL 10/15 Bull Put Spreads
SOXL 14.5 Diagonal Puts
SOXL 14.0 Diagonal Puts
UVXY 7/4.5 Bear Call Spreads
UVXY 5.0 Covered Calls
UVXY 5.5 Covered Calls
VXX 70/53 Bear Call Spreads
VXX 69/51 Bear Call Spreads
VXX 68/49 Bear Call Spread
VXX 68/48.5 Bear Call Spread
VXX 68/48 Bear Call Spread
VXX 67/46 Bear Call Spreas
VXX 66/47 Bear Call Spread
VXX 65/46.5 Bear Call Spread
VXX 48.0, 49.0, 50.0, 51.0 and 52.0 Covered Calls
VXX 46.0, 45.5, 45.0, 43.0 and 42.5 Diagonal Calls
VXX 40.5 Diagonal Puts
==Assignments==
BOIL 4.0 Puts
AMZN TLT XBI
#ShortPuts #SyntheticCoveredCalls #CoveredCalls – That’s it for me for a couple weeks. Taking a little vacation for some golf and fishing and catching up with some old friends. Looking forward to the May 5 expiration now! Enjoy and let’s see VIX back above 20 by then. LOL I’ll be reading the forum when I can…happy trading!
AMZN: Synthetic covered call rolls.
Rolled AMZN APR 21 2023 95.0 Calls to MAY 05 2023 98.0 Calls @ .05 debit (2.30 total now)
Rolled AMZN APR 21 2023 96.0 Calls to MAY 05 2023 99.0 Calls @ .25 credit (2.75 total now)
Rolled AMZN APR 21 2023 97.0 Calls to MAY 05 2023 100.0 Calls @ .55 credit (3.40 total now)
Rolled AMZN APR 21 2023 101.0 Calls to MAY 05 2023 100.0 Calls @ 3.55 credit (5.50 total now)
TLT: Rolling short puts for additional credit.
Rolled TLT APR 14 2023 107.5 Puts to MAY 05 2023 108.0 Puts @ 1.50 credit (2.65 total now)
XBI: Booking a few short puts and rolling covered and synthetic covered calls.
Bought to Close XBI APR 21 2023 75.0 Puts @ .25 (sold for 1.75)
Rolled XBI APR 14 2023 77.0 Calls to MAY 05 2023 78.0 Calls @ .85 credit (2.90 total now)
Rolled XBI APR 14 2023 77.0 Calls to MAY 05 2023 79.0 Calls @ .25 credit (1.35 total now)
VXX Puts
Bought to close VXX Apr 14 41.5 Puts at $0.20. They got too far in the money this morning to not bail out before the close.
Sold them over the last week at $0.23 and $0.34
I’ve still got VXX Puts at 41.0 and 40.5 that should expire today
VXX Calls
0DTE Scalps
Sold VXX Apr 14 2023 42.5 Calls at $0.14
Sold 1 VXX Apr 14 2023 43.0 Call at $0.12
SCWB Put Close / META BUPS Close
#shortputs
BTC 4/14 52 put at .60. Took in 1.80 over two rolls
#bups
$META BTC 4/21 180/185 BUPS at .10. STO at 2.10
SOXL Call Roll
Bought to Close 1 SOXL Apr 14 2023 15.0 Call at $0.65. Sold last week on a rollup at $1.38
Sold to Open 1 SOXL Apr 21 2023 15.5 Call at $0.75 plus an extra $0.50 on the short strike
#OnlySpreads
PLL Call Close
#coveredcalls
$PLL BTC 4/21 65 call at .10. STO at .95
LABU
LABU 21 APR 2023/14 APR 0223 5.5 PUT @.17 credit
LABU 21 APR 2023/14 APR 2023 4.5 CALL @.03 credit
XBI Call Roll
#coveredcalls
$XBI BTC 4/14 78.50 call and STO 4/21 79.50 call at .17 added credit and $1 more if called away
SPX,
STO 4120/4100 put spread for .20 cents that expire today. Market feels strong.
SPX 1-dte
#SPX1dte Expected to expire: $SPX April 13th 4015/4035-4150/4170 condors, sold yesterday for 1.05
Profit for week: +4.15
No trade for Friday as I will be on a plane to Denver in the morning.
VIX (Not VXX) Put Spread Ladder
Bull Put Spreads
Bought 1 VIX Jun 21 2023 15.0 Put at $0.04
Sold 1 VIX Jun 21 2023 17.0 Put at $0.26 for a $0.22 Credit
Bought VIXW May 10 2023 15.0 Puts at $0.04
Sold 1 VIXW May 10 2023 17.0 Put at $0.28 and $0.31 for $0.24 and $0.27 Credits
Bought to Open 1 VIXW May 03 2023 16.0 Put Net at $0.03
Sold to Open 1 VIXW May 03 2023 18.0 Put at $0.29 for a $0.26 Credit
Interestingly, the May 10 premiums are higher than the June Monthly premiums
LABU
Sold 1 LABU Apr 21 2023 5.5 Covered Call at $0.15
Rolling:
Bought to close 1 LABU Apr 14 2023 5.5 Put at $0.31. Sold on a roll last week at $0.72
Sold 1 LABU Apr 21 2023 5.5 Put at $0.41 for a $0.10 Credit
At least one of these will expire 🙂
SPY SOXL
#spy7dte
STO SPY 19 APR 2023 393/389 PUT @.13
—
#shortputs
STO SOXL 14 APR 2023 14.5 PUT @.14
SPX 1-dte
#SPX1dte Sold to Open $SPX April 13th 4015/4035-4150/4170 condors for 1.05, SPX at 4095, deltas -.06 +.06
Expiring: April 12th 4050/4070-4185/4205 condors, sold this morning for 1.10
SPY
SPY: Setting up to be out the next couple weeks. Moving most positions to May 5 expiration.
Bought to Close SPY APR 21 2023 395.0 Put @ .65 (sold for 5.25)
Bought to Close SPY APR 28 2023 392.5 Put @ 1.17 (sold for 6.00)
Sold SPY MAY 05 2023 397.5 Put @ 2.95
Sold SPY MAY 05 2023 400.0 Put @ 3.45
Rolled SPY MAY 05 2023 392.5 Put to MAY 05 2023 402.5 Put @ 1.85 credit (8.80 total now)
Rolled SPY APR 14 2023 388.0 Calls to MAY 05 2023 391.0 Calls @ even (10.80 total now)
Rolled SPY APR 14 2023 389.0 Calls to MAY 05 2023 392.0 Calls @ even (10.55 total now)
Rolled SPY APR 14 2023 390.0 Calls to MAY 05 2023 393.0 Calls @ .30 credit (10.95 total now)
Rolled SPY APR 21 2023 386.0 Call to MAY 05 2023 388.0 Call @ even (12.15 total now)
FOMC minutes at 2PM
FOMC minutes at 2PM
SOXL Put
Sold SOXL Apr 14 2023 14.5 Puts at $0.11 and $0.13
#ONlySpreads
VXX Call Ladder
3 DTE
Sold VXX Apr 14 2023 45.5 Calls at $0.31 and $0.34
Sold 1 VXX Apr 14 2023 46.0 Call at $0.23
Sold 1 VXX Apr 14 2023 46.5 Call at $0.20
Sold 1 VXX Apr 14 2023 47.0 Call at $0.18
Sold 1 VXX Apr 14 2023 47.5 Call at $0.16
Sold 1 VXX Apr 14 2023 48.0 Call at $0.15
Sold 1 VXX Apr 14 2023 48.5 Call at $0.13
Sold 1 VXX Apr 14 2023 49.0 Call at $0.13
#OnlySpreads
SHOP U Call
#coveredcalls
$SHOP STO 4/14 50 call at .42
$U STO 4/14 32.50 call at .20
VIX Index Weekly Puts
Bought to Open 1 VIXW May 10 2023 15.0 Put Net at $0.02
Sold to Open 1 VIXW May 10 2023 17.0 Put at $0.20 for a $0.18 Credit
ADDED:
Bought 1 VIXW May 10 2023 15.0 Put at $0.02
Sold 1 VIXW May 10 2023 17.0 Put at $0.23 for a $0.21 Credit
New SPX high
#Market #VIXIndicator This morning we hit a new high since the last Downside Warning, exceeding the April 4th peak. Next stop might be the Feb 2nd high of 4195.
SPX 1-dte SAME DAY
#SPX1dte In pre-market, sold to Open $SPX April 12th 4050/4070-4185/4205 condors for 1.10, deltas -.06 +.06
SOXL
#shortputs
STO SOXL 14 APR 2023 15.5 PUT @.32
SPX 1-dte
#Expiring: $SPX Apr 11th 4025/4045-4155/4175 condors, sold yesterday for 1.20
No trade yet for tomorrow; I will place one after the CPI report is released in the morning.
Chart of the day
With no comment
BOIL LABU
Sold BOIL Apr 21 2023 4.5 Covered Calls at $0.09
Sold LABU Apr 21 2023 5.5 Covered Calls at $0.10
SPY
#ShortPuts – Lots of economic reports and Fed Heads coming this week so taking this a little early.
Bought to Close SPY APR 14 2023 387.5 Put @ .24 (sold for 5.05)
VIX (Not VXX) Put Spread
Sold 1 VIX May 17 2023 17.0 Put at $0.17
Bought 1 VIX May 17 2023 15.0 Put at $0.02 to create a Bull Put Spread
The 52 week low on the VIX index is $17.02 (or 17.06, depending on the source)
SOXL
Sold 1 SOXL Apr 14 2023 18.0 Call at $0.16
VXX Puts
Bought 1 VXX May 19 2023 33.0 Put at $0.05
Sold 1 VXX Apr 14 2023 41.5 Put at $0.34
Sold 1 VXX Apr 14 2023 41.0 Put at $0.20
Sold VXX Apr 14 2023 40.5 Puts at $0.11, $0.13 and $0.15
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 11th 4025/4045-4155/4175 condors for 1.20, SPX at 4100, deltas -.07 +.05
Expiring: Apr 10th 4025/4045-4115/4135 condors, sold this morning for .80
VXX Puts
Bought 1 VXX Jun 16 2023 27.0 Put at $0.03
Sold 1 VXX Apr 14 2023 41.5 Put at $0.23
Sold 1 VXX Apr 14 2023 41.0 Put at $0.13
#VXXContango #OnlySpreads
SPY
#ShortPuts – Sold SPY MAY 05 2023 395.0 Put @ 3.45
SOXL Strangle
Sold 1 SOXL Apr 14 2023 17.0 Call at $0.26 plus Sold 1 SOXL Apr 14 2023 14.0 Put at $0.25 for a $0.51 total Credit
#OnlySpreads
SPX 1-dte
Changed my mind.
#SPX1dte Sold to Open $SPX Apr 10th 4025/4045-4115/4135 condors for .80. Deltas -.06 + .06, SPX at 4082.
VXX UVXY Call Ladders
At the open
Sold VXX Apr 14 2023 53 Calls at $0.15
Sold VXX Apr 14 2023 52 Calls at $0.18
Sold VXX Apr 14 2023 51 Calls at $0.22
Sold VXX Apr 14 2023 50 Calls at $0.28
Sold VXX Apr 14 2023 49 Calls at $0.33
Sold 1 VXX Apr 14 2023 48 Call at $0.41
Sold UVXY Apr 14 2023 5.5 Calls at $0.05
Sold UVXY Apr 14 2023 5 Calls at $0.08
SPX,
STO 4005/4025 put spread at .45 in my IRA. Fidelity has restricted my trading account because I put on an iron condor in March and only covered one leg as a spread and not an I.C., This is frustrating.
Can’t Sell
#SPX1dte Something changed with my interface at Interactive Brokers and I cannot execute an $SPX trade in the pre-market. I will have to call them. In meantime, I will consider a trade after the open.
March Jobs Report
#Jobs — Down from February, meeting expectations.
Gain of +236,000 non-farm payroll jobs, vs. expected gain of 238K
Unemployment down by 0.1 to 3.5%, vs. expected hold at 3.6%
U6 unemployment 6.7%, down by 0.1
Labor force participation 62.6%, up by 0.1
Average hourly earnings up by 0.3%; 4.2% increase over the year, lowest since June 2021.
February jobs revised down up +15K to +326K
January jobs revised down by -32K to +472K
Happy Easter and Happy Passover
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
SPY SOXL
—
#spy7dte
Sto SPY 12 APR 2023 389/385 PUT @.14
Sto SPY 12 APR 2023 390/386 PUT @.13
—
#rolling
SOXL 14 APR 2023/6 APR 2023 14.5/15.5 PUT @.17 credit
—
#shortputs
Sto SOXL 28 APR 2023 12 PUT @.31
SPX 1-dte
SPY
#ShortPuts – Selling near the expected move down near the March lows.
Sold SPY MAY 12 2023 387.5 Put @ 3.60
TLT
#ShortPuts – Another round.
Bought to Close TLT APR 06 2023 106.0 Puts @ .05 (sold for 1.26)
Sold TLT APR 14 2023 107.5 Puts @ 1.15
SOXL Calls and Puts
Bought to close 1 SOXL Apr 06 2023 16.5 Call at $0.18. Sold last Friday on a roll at $1.80
Replaced it with 1 short SOXL Apr 14 2023 18.0 Call at $0.24 for a $0.06 Credit but a $ 1.50 higher strike
Bought to close 1 SOXL Apr 06 2023 14.5 Call at $1.36. Sold last Friday on a roll at $3.50
Replaced it with 1 short SOXL Apr 14 2023 15.0 Call at $1.38 for a $0.02 Credit but a $0.50 higher strike
Sold SOXL Apr 06 2023 15.0 Puts at $0.12 and $0.17
#OnlySpreads
VXX SPY SOXL
#DIPPING MY TOE IN VXX
SOLD VXX 6 APR 2023 52/56 CALL @.06
#spy7dte
SOLD SPY 11 APR 2023 391/387 PUT @.07
#shortputs
SOLD SOXL 14 APR 2023 15 PUT @.31
SOXL Put
Sold 1 SOXL Apr 06 2023 15.5 Put at $0.10
Paired with existing short calls
SPX 1-dte
#SPX1dte Sold to Open $SPX April 5th 4025/4045-4150/4170 condors for 1.15, SPX at 4096, deltas -.07 +.05
SPX stopped
#SPX1dte Bought to close $SPX April 4th 4075/4055 put spreads for .60. Condors sold for 1.25 yesterday.
My stop was hit… I think it’s likely the lows of the day are in, but after last Friday’s disappointment I’m playing it safe this week.
SPX
#LotteryTickets – A little hedge just for fun in case we get a little selling.
Bought to Open SPX MAY 19 2023 4050/4000/3950 Put Butterflies @ 2.40
UVXY VXX
Another temporary spike in volatility
Sold UVXY Apr 06 2023 5.0 Calls at $0.09
Sold VXX Apr 06 2023 53.0 Calls at $0.14
Sold VXX Apr 06 2023 52.0 Calls at $0.17
Sold VXX Apr 06 2023 51.0 Calls at $0.20 $0.23 and $0.24
Sold VXX Apr 06 2023 50.0 Calls at $0.23, $0.25 and $0.29
Sold VXX Apr 06 2023 49.0 Call at $0.35
Sold VXX Apr 06 2023 48.5 Call at $0.36 and $0.45
SPX 1-dte
#SPX1dte Sold to Open $SPX April 4th 4055/4075-4170/4190 condors for 1.25, SPX at 4122, deltas -.08 +.06
Expiring: April 3rd 4005/4025-4160/4180 condors, sold Friday for 1.45
XBI TECK Calls
#coveredcalls
$XBI STO 4/6 78.5 call at .50
$TECK STO 4/6 43.5 call at .62
TQQQ,
BTO, 2025, 40 calls at 5.375 and my intention is to scale these in and hold them. I think we are closer to bottom than a top and will sell out of the money calls against the position when we get a rally. I have 21 months to go.
SPY
#ShortPuts – A couple right at the 200 day.
Rolled SPY MAY 05 2023 375.0 Put to MAY 05 2023 392.5 Put @ 1.95 credit (6.95 total now)
Sold SPY MAY 19 2023 390.0 Put @ 4.06
VTIP ZIM
SOLD VTIP @47.85222/not happy with divvy
BOT ZIM @22.90/catching juicy divvy
SOXL
#rolling
out and up fiftycents
SOXL 14 APR 2023/6 APR 2023 17.5/17 CALL @.20 credit
VXX Call Ladder
Sold VXX Apr 06 2023 47.5 Calls at $0.63, $0.69 and $0.72
Sold VXX Apr 06 2023 48.0 Calls at $0.57 and $0.63
Sold VXX Apr 06 2023 48.5 Calls at $0.52 and $0.58
Sold VXX Apr 06 2023 49.0 Calls at $0.50, $0.52 and $0.53
Sold VXX Apr 06 2023 50 Call at $0.42
Replacing calls that expired Friday
BTC,
4005/4025-4160/4180 iron condor at .25 this morning.
Options Bistro 