Added to my tiny position on MMM at $93.50. Div = 6.25%
#SP500 #FallingKnife
Monthly Archives: May 2023
KRE VXX
Sold 1 KRE Jun 02 2023 37.5 Put at $0.15
Sold 1 VXX Jun 02 2023 40 Call at $0.11
Sold 1 VXX Jun 02 2023 39.5 Call at $0.12
Sold 1 VXX Jun 02 2023 33.0 Put at $0.23
#OnlySpreads
SPY,
STO,
July 21 390 puts at 2.73
July 21 380 puts at 1.91
Risk off
#SPX1dte BTC put side for .10.
In other news, the long call spread I bought last week is at zilch. Best chance to sell was yesterday morning, but I was holding out for a bit more. Knocks 90 cents off my week.
TLT
#CoveredCalls #SyntheticCoveredCalls – Another round.
Bought to Close TLT JUN 02 2023 105.0 Calls @ .04 (sold for .44)
Sold TLT JUN 09 2023 103.0 Calls @ .74
Sold TLT JUN 09 2023 103.5 Calls @ .57
SPY
#CoveredCalls #ShortPuts – A few adjustments and an add.
Covered: Picking up some more upside and preserving massive premium. Fed week and ex divvy week so will probably be adjusting again post Fed and pre EX.
Rolled SPY JUN 02 2023 391.0 Call to JUN 16 2023 392.0 Call @ .45 credit (12.90 total now)
Rolled SPY JUN 02 2023 394.0 Calls to JUN 16 2023 395.0 Calls @ .60 credit (12.00 total now)
Rolled SPY JUN 02 2023 395.0 Calls to JUN 16 2023 396.0 Calls @ .65 credit (12.00 total now)
Rolled SPY JUN 02 2023 396.0 Calls to JUN 16 2023 397.0 Calls @ .70 credit (12.50 total now)
Short Puts – Roll up and add.
Rolled SPY JUN 09 2023 400.0 Put to JUN 09 2023 415.0 Put @ 2.50 credit (5.60 total now)
Sold SPY JUN 30 2023 405.0 Put @ 3.70
SNOW
#ShortPuts #PostEarnings – Taking the quickies playing a post earnings bounce.
Bought to Close SNOW JUN 16 2023 140.0 Put @ .72 (sold for 2.75)
Bought to Close SNOW JUN 23 2023 140.0 Put @ 1.12 (sold for 3.40)
Bought to Close SNOW JUL 21 2023 125.0 Put @ 1.35 (sold for 3.10)
NVDA Call Spread closed
Bought to close 1 NVDA 06/02/2023 420.0 Call at $0.68
Sold to close 1 NVDA 06/09/2023 465.0 Call at $0.74 for a $0.06 Credit on the way out.
Got $1.12 credit on the way in.
Releases $4500 in margin 2 days early
In this less than 24 hours
#WinWin
TNA Puts
Sold TNA Jun 02 2023 26 Puts at $0.10
Sold against old long Puts
#OnlySpreads
AAP Put
Post-earnings
Bought 1 AAP 06/16/2023 60.00 Put at $0.17
Sold 1 AAP 06/02/2023 75.00 Put at $1.52 for a $1.35 Credit
#OnlySpreads
VXX
Sold 1 VXX Jun 02 2023 40.5 Call at $0.16
Sold 1 VXX Jun 09 2023 32.0 Put at $0.26 #VXXContango
#OnlySpreads
SPAXX
Hard to compete against this FIDELITY GOVERNMENT MONEY MARKET yield of 4.75%
So I’ll be less likely to buy low yielding stocks
SPX same day
#SPX1dte Sold to Open $SPX May 31st 4120/4140-4240/4260 condors for 1.05, deltas -.06 +.06
VIXspire
I’m expecting these to expire on the open tomorrow
VIX 40/26 Bear Call Spread
VIX 39/26 Bear Call Spreads
VIX 38/25 Bear Call Spreads
VIX 37/25 Bear Call Spread
VIX 36/25 Bear Call Spread
VIX 35/24 Bear Call Spread
VIX 34/23 Bear Call Spread
VIX 14/16 Bull Put Spreads
#OnlySpreads
SPXpire
#SPX1dte Expired: $SPX May 30th 4150/4170-4270/4290 condors, sold this morning for 1.15
AI 50 Call
#earnings #coveredcalls
$AI STO 6/2 50 call at 5.47
NVDA BECS / CROX Call
#bearcallspreads
$NVDA STO 6/2 405/400 BECS at $2.05
#coveredcalls
$CROX STO 6/2 117 call at $1.00
XBI
#ShortPuts – Adding.
Sold XBI JUN 16 2023 80.0 Puts @ 1.33
VXX Call Ladder and VIX Call Spreads
Sold VXX 06/02/2023 38.5 Calls at $0.34 and $0.40
Sold VXX 06/02/2023 39.0 Calls at $0.32, $0.33 and $0.36
Sold VXX 06/02/2023 39.5 Calls at $0.28 and $0.32
Bought VIX Jun 07 2023 32.0 Calls at $0.07
Sold VIX Jun 07 2023 23.0 Calls at $0.27 for a $0.20 Credit
(This week’s positions expire on the open tomorrow)
#OnlySpreads
SPX SPY
#ShortPuts #BearPutSpreads – Adding a hedge and continuing the SPY positions.
Bought to Open SPX AUG 18 2023 4000/3900 Bear Put Spread @ 14.00
Bought to Close SPY JUN 02 2023 400.0 Put @ .12 (sold for 3.00)
Sold SPY JUN 30 2023 405.0 Put @ 3.50
TGT Puts
Bought 1 TGT Jun 09 2023 120.00 Put at $0.29 while selling 1 TGT Jun 02 2023 130.00 Put at $0.70 for a $0.41 Credit
#OnlySpreads #FallingKnife
TLT
#ShortPuts – One add.
Sold TLT JUN 16 2023 103.0 Put @ 2.60
Strong market, weak stocks
All diagonal Spreads on #FallingKnife stocks:
Bought 1 MOS 06/09/2023 27.0 Put while selling 1 MOS 06/02/2023 32.0 Put for $0.15 Credit
Bought 1 CF 06/09/2023 53.0 Put while selling 1 CF 06/02/2023 60.0 Put for $0.20 Credit
Bought 1 SYY 06/16/2023 60.0 Put while selling 1 SYY 06/02/2023 69.0 Put for $0.20 Credit
Bought 1 BMY 06/09/2023 57.0 Put while selling 1 BMY 06/02/2023 62.0 Put for $0.16 Credit
Bought 1 WBA 06/09/2023 25.0 Put while selling 1 WBA 06/02/2023 29.0 Put for $0.12 Credit
Bought 1 AMGN 06/09/2023 195.0 Put while selling 1 AMGN 06/02/2023 210.0 Put for $0.27 Credit
Bought 1 PNC 06/09/2023 105.0 Put while selling 1 PNC 06/02/2023 115.0 Put for $0.30 Credit
#OnlySpreads
LABU KRE VFC CMA ZION
Sold LABU Jun 02 2023 6.5 Calls at $0.24, replacing calls that expired Friday
Sold VFC Jun 02 2023 17.0 Puts at $0.15, replacing puts that expired Friday
Sold 1 KRE Jun 02 2023 38.0 Put at $0.18
Sold 1 KRE Jun 02 2023 37.0 Put at $0.09
Both replacing Puts that expired Friday
Sold 1 CMA Jun 02 2023 40.0 Covered Call at $0.16
Sold 1 CMA Jun 02 2023 40.5 Diagonal Call at $0.15
Both replacing similar calls that expired Friday
Sold ZION Jun 02 2023 30.0 Covered and Diagonal Calls at $0.33, replacing calls that expired Friday
SPX same day
#SPX1dte Sold to Open $SPX May 30th 4150/4170-4270/4290 condors for 1.15, delta -.07 +.06
OptionsExpiration
BOIL 3.5 Covered and Diagonal Calls
CMA 40.0 Covered Call
CMA 41.5 Diagonal Call
CMA 43.0 Diagonal Call
HD 245/270 Bull Put Spread
LABU 7.5 Calls
KRE 26/38.5 Bull Put Spread
PFE 34/36.5 Bull Put Spread
PNC 129/124 Bear Call Spreads
QCOM 99.0 Diagonal Put
TNA 15/27 Bull Put Spreads
UVXY 4.0 Diagonal Calls
UVXY 4.5 Covered Calls
UVXY 7/5 Bear Call Spreads
VFC 17.5 Diagonal Put
VFC 16.5 Diagonal Put
VXX 54/44.5 Bear Call Spread
VXX 53/44 Bear Call Spread
VXX 52/43.5 Bear Call Spreads
VXX 51/43 Bear Call Spreads
VXX 50/42.5 Bear Call Spreads
VXX 49.5/42 Bear Call Spread
VXX 38.0 Covered Calls
VXX 36.0 Diagonal Calls
VXX 34.0 Diagonal Puts #VXXContango
VXX 33.0 Diagonal Puts #VXXContango
ZION 29.0 Covered Call
Remember
Expiration
#optionsexpiration
$MARA 10 call
$u 30 call
$TMUS $142 call
LABU Call Rolls
Tried to roll these up for the last two days but couldn’t get it done
Bought to close LABU May 26 2023 6.0 Diagonal Calls at $0.31. Sold on a roll last week at $0.67
Sold LABU Jun 02 2023 6.0 Calls at $0.49 for a $0.18 Credit
#OnlySpreads
UVXY splitting anytime soon?
Last split was May 2021, a 1:10 reverse split announced on 5/11/21 when it was trading around 4.50. The split was effective 5/26/21 when it was trading for 3.80. It’s exactly 2 years later and UVXY is currently 3.20. Wondering what ProShares has planned.
AAPL Diagonal Call Spread
BTO Jul 21 170 calls
STO Jun 16 180 calls
Net debit: 8.30
F LABU
#rolling
F 2 JUN 2023/26 MAY 2023 12 PUT @.11 CREDIT
—
#shortputs
Sto LABU JUN 2023 6 PUT @.24 credit
SPY, following the Tasty Trade…
SPY, following the Tasty Trade method of selling at 45 days and covering at 21 days.
BTC, June 9,
380 put at .34 sold at 1.65
385 put at .43 sold at 2.11
390 put at .56 sold at 2.70
June 16,
380 put at .77 sold at 4.15
385 put at .96 sold at 4.95
390 put at 1.22 sold at 5.04
SPX stopped
#SPX1dte BTC call side for 1.70.
That drops weekly profit to be only 2.05. But breaks my 4-week losing streak. I guess the claw back will be slow and long.
SPX same day
#SPX1dte Sold to Open $SPX May 26th 4075/4095-4205/4225 condors for 1.05, deltas -.06 +.05, IV 27.7%
TLT
#SyntheticCoveredCalls #CoveredCalls – Another round.
Bought to Close TLT MAY 26 2023 105.0 Calls @ .02 (sold for .63)
Sold TLT JUN 09 2023 103.0 Calls @ .59
SPY,
STO, July 7,
380 puts at 2.35
385 puts at 2.80
390 puts at 3.35
SPX risk off
#SPX1dte BTC call side for .10
SNOW
#ShortPuts – A little early on a couple.
Sold SNOW JUN 16 2023 140.0 Put @ 2.75
Sold SNOW JUN 23 2023 140.0 Put @ 3.40
Sold SNOW JUL 21 2023 125.0 Put @ 3.10
SPX same day
#SPX1dte Sold to Open $SPX May 25th 4060/4080-4195/4215 condors for 1.15, deltas -.06 +.06, IV 28.4%
Risk off
#SPX1dte BTC puts for .15. I’m sticking with morning trades at least until debt ceiling talks either crash or spike the market.
TLT
#ShortPuts – Rolling and collecting premium.
Rolled TLT MAY 26 2023 103.0 Puts to JUN 16 2023 103.0 Puts @ .95 credit (2.15 total now)
SPY
#ShortPuts – Adding.
Sold SPY JUN 16 2023 395.0 Put @ 3.00
SPX same day
#SPX1dte Sold to Open $SPX May 24th 4060/4080-4185/4205 condors for 1.10, deltas -.06 +.06.
PFLT PAA
#raisingcash
#looking for other dividend payers
SOLD PFLT @10.97
SOLD PAA @13.71
$SPX 1 DTE FYI
#SPX1 DTE I sold this morning the 5/23 4025/4045 put at 1.35. Looked fine and I had an order to close at .10 since I had to be away from screen mid afternoon. Near the end of day I checked prices and S&P sinking. Put a market order to close at 3:52. NEVER got filled. Luckily S&P closed at 4145.67. Market order does not guarantee execution!!! Who knew, not me.
SPY
#ShortPuts – C’mon down to the 200 day if you want. 🙂 🙂
Sold SPY JUN 16 2023 400.0 Put @ 3.01
SPY,
STO July 21, 385 puts at 3.31
SPX stopped
#SPX1dte BTC $SPX May 23rd 4145/4125 put spreads for 1.40. Condors opened this morning for 1.35, so with call closure loss is -.15 for the day.
I may have to even get tighter with risk-off closures. I was going for .10 but could have closed for .20.
SPY
#ShortPuts – Adding.
Sold SPY JUN 23 2023 405.0 Put @ 4.05
SPX risk off
#SPX1dte BTC $SPX May 23rd 4225/4245 call spreads for .10. Order in to close puts for same.
TMUS Call
#coveredcalls
$TMUS STO 5/26 142 call at .73
SPY
#ShortPuts – C’mon Mr. Market.
Sold SPY JUN 16 2023 410.0 Put @ 4.10
SPX same day
#SPX1dte Sold to Open $SPX May 23rd 4125/4145-4225/4245 condors for 1.35, deltas -.08 +.08
Long shot
#SPX1dte Bought to open $SPX June 2nd 4330/4350 call spreads for .90. I want to add occasional long spreads to hedge the gut punch this strategy can deliver. This one is speculation that a debt ceiling deal will be reached this week and give us short-term pop higher.
VIX 1-day so far
Here is the 30-minute chart of the entire history of $VIX1D. Starts low and ends high every single day except for one.
Risk off
#SPX1dte Bought to close $SPX May 22nd 4235/4255 call spreads for .10. Same order is in for the puts.
Another day of whipsaw, although manageable. Until debt ceiling issue is resolved, I’m taking safest route possible and closing wings when i can.
T RIVPA ET PFLT
moving to other divi stocks
Not happy with performance
SOLD T @16.38
SOLD RIVpA @22.65
SOLD ET @12.83
SOLD PFLT @10.97
SPX same day
#SPX1dte Sol to Open $SPOX May 22nd 4135/4155-4235/4255 condors for 1.05, deltas -.08 +.06
SPY
#ShortPuts – A little starter out in June.
Sold SPY JUN 16 2023 405.0 Put @ 3.00
SPX stopped
#SPX1dte Well, wrong again, and a fourth week of losses. I still have a long shot to make some money on the long call spread but looking pretty doubtful.
Bought to close $SPX May 19th 4175/4155 put spreads for 2.40.
I’m frankly stunned at how difficult this became compared to the first quarter of the year.
SPX risk reversal
#SPX1dte #RiskReversal Yesterday we got our first $VIX close of three needed to trigger a new Upside Warning. So after getting stopped out of short call spread at the close, I am going bullish today.
Sold to Open $SPX May 19th 4175/4155 put spread for 1.15
Bought to open May 19th 4245/4265 call spreads for .95
Net credit: +.20
Looking to sell the first half for around 2.00 and then wait to see what happens for second half.
If I am wrong, then put side stop is currently at 4198.
SPX start and stop
#SPX1dte With approx 30 minutes left in session, sold to Open $SPX May 19th 4105/4125-4230/4350 condors for 1.10, deltas -.08 +.07.
Then, SPX erupted, topping out over 4200, forcing a stop of the call side. Closed for 1.50 shortly after the closing bell.
May look to add a new call side in the morning, either short or long.
SPY
#ShortPuts – A few more.
Bought to Close SPY MAY 26 2023 405.0 Put @ .45 (sold for 4.25)
Bought to Close SPY JUN 02 2023 390.0 Put @ .37 (sold for 2.20)
Bought to Close SPY JUN 02 2023 395.0 Put @ .52 (sold for 2.75)
TLT
#CoveredCalls #SyntheticCoveredCalls – Re-loading the whole enchilada.
Sold TLT JUN 02 2023 105.0 Calls @ .44
XBI
#CoveredCalls #ShortPuts – A few.
Rolled XBI MAY 19 2023 78.5 Calls to JUN 09 2023 79.5 Calls @ even (3.10 total now)
Sold XBI JUN 16 2023 80.0 Puts @ 1.30
TLT
#CoveredCalls #SyntheticCoveredCalls – A few.
Bought to Close TLT MAY 19 2023 106.0 Calls @ .02 (sold for .55 and .81)
SPY
#ShortPuts – A late fill yesterday and one this morning.
Bought to Close SPY MAY 26 2023 397.5 Put @ .34 (sold for 2.40)
Bought to Close SPY MAY 26 2023 400.0 Put @ .28 (sold for 2.75)
SPX stopped
#SPX1dte Another day, another stop-out. BTC $SPX 4195/4215 call spreads for 2.30. Condors sold this morning for 1.15.
The market is just not offering the condor-width or the premium for the level of swings we are seeing intraday. After placing this trade in pre-market, I was almost stopped out to DOWN side, then after the open we have swung all the way up to stop out on UP side.
I hope this is a temporary issue and that the next correction (or decent pullback) will put us back to where we’ve been for a few years now. As it stands now, I am stuck in an irreversible slump.
And as happened yesterday, right at the moment I determine I must not let the SPX go further against me and to bite the bullet, the reversal comes almost immediately.
SOXL
#coveredcalls
Will see if it runs otta steam by Friday!
STO SOXL 19 MAY 2023 17.5 CALL @.19
SPX same day
#SPX1dte Sold to open $SPX May 18th 4100/4120-4195/4215 condors for 1.15, deltas -.08 +.08
SPX 1 DTE
BTC 4050/4070-4165/4185 condors for .20. STO at 1.15
SPXpire
#SPX1dte Expired: $SPX May 17th 4100/4120-4185/4205 condors, sold a couple hours earlier for .70
Waiting for morning for Thursday trade.
TLT
#ShortPuts – A small add.
Sold TLT MAY 26 2023 103.0 Puts @ 1.20
Options Bistro 