#coveredcalls
$LABU BTC 5/5 6.50 call and STO 5/12 6.50 call at added .22 credit
#optionsexpiration
$PACW 6 call. Sold this morning at .25
#spx1dte
3960/3980 – 4140/4120 at 1.50
BTC call side at .40. Put side expired. I was away from trading for the afternoon and place the BTC order. Quite a ride I didn’t know I took.
Have a great weekend
BOIL 4.0 Covered Calls
DISH 6.5 Short Put
KRE 36.0 Short Put
PNC 145/137 Bear Call Spread
PNC 136.0 Diagonal Call
PNC 135.0 Diagonal Call
PNC 135.0 Diagonal Call
PNC 134.0 Diagonal Call
PNC 125.0 Covered Call
SOXL 16/20 Bear Call Spread
SOXL 15.5/20 Bear Call Spread
SOXL 15.0 Diagonal Calls
SOXL 10.5/12.5 Bull Put Spread
SOXL 10/12.5 Bull Put Spread
SOXL 12.5 Diagonal Put
UVXY 5.5 Covered Calls
UVXY 6.5/4.5 Bear Call Spreads
VXX 42.5 Covered Call
VXX 42.0 Covered Calls
VXX 41.5 Covered Calls
VXX 41.0 Covered Calls
VXX 59/44.5 Bear Call Spreads
VXX 58/44 Bear Call Spreads
VXX 57/43.5 Bear Call Spreads
VXX 56/43 Bear Call Spreads
VXX 56/42.5 Bear Call Spreads
VXX 53/42 Bear Call Spreads
VXX 52.5/41.5 Bear Call Spreads
VXX 52/41 Bear Call Spreads
VXX 37.0 Diagonal Puts
VXX 36.0 Diagonal Puts
#SPX1dte After only a couple days of decent width (155 points for today’s trade, which got stopped out anyway), it’s pretty frustrating to see only a 110 pt spread for a weekend trade. I’m not going to do it. I will sell Monday morning.
STO January 2025, 40 puts at 15.55, I think we will be much higher by 2025
#coveredcalls
$ACLS STO 5/19 125 call at 1.20
$PLL STO 5/19 60 call at .95
$PACW STO 5/5 6 call at .25
Rolled the LABU May 05 2023 5.5 Calls to next week at a $0.04 Credit
Rolled the LABU May 05 2023 6.0 Calls to next week at $0.09 and $0.11 Credits
Rolled the LABU May 05 2023 6.5 Calls to next week at $0.21 Credit
#OnlySpreads
Bought to close 1 VXX May 05 2023 43.5 Covered Call at $0.01. Sold last Friday at $0.27.
Sold 1 VXX May 12 2023 45.0 Covered Call at $0.36 and rolled the strike up 1.5 points.
Bought to close VXX May 05 2023 45.0 Calls at $0.01. Sold earlier this week at $0.21 and $0.28 .
Rolled out a week to VXX May 12 2023 45.0 Calls at $0.38
#CoveredCalls #SyntheticCoveredCalls – A few. Received regular divvy today too along with these “synthetic” divvys.
🙂 🙂 🙂
Bought to Close TLT MAY 05 2023 106.0 Calls @ .01 (sold for 2.00)….should fill soon
Bought to Close TLT MAY 05 2023 107.0 Calls @ .01 (sold for .95)
Sold TLT MAY 12 2023 106.0 Calls @ .55
Sold TLT MAY 19 2023 106.0 Calls @ .82
#CoveredCalls #SyntheticCoveredCalls – A few.
KRE: Another round.
Bought to Close KRE MAY 05 2023 39.5 Calls @ .05 (sold for .64)
Sold KRE MAY 12 2023 39.5 Calls @ .70
Yesterday I STO:
June 16,
380 puts at 4.15
385 puts at 4.95
390 puts at 5.90
#CoveredCalls #SyntheticCoveredCalls – All yesterday rolling up and out.
AMZN: Synthetic covered. Had call ladders but trying to get everything to the same strike for simplicity.
Rolled AMZN MAY 05 2023 98.0 Calls to MAY 19 2023 99.0 Calls @ .21 credit (2.50 total now)
Rolled AMZN MAY 05 2023 99.0 Calls to MAY 19 2023 100.0 Calls @ .42 credit (3.15 total now)
Rolled AMZN MAY 05 2023 100.0 Calls to MAY 19 2023 100.0 Calls @ 1.40 credit (6.20 total now)
GOOGL: Synthetic covered. Had call ladders but trying to get everything to the same strike for simplicity.
Rolled GOOGL MAY 05 2023 94.0 Calls to JUN 02 2023 95.0 Calls @ .15 credit (1.75 total now)
Rolled GOOGL MAY 05 2023 95.0 Calls to JUN 02 2023 96.0 Calls @ .28 credit (1.05 total now)
Rolled GOOGL MAY 05 2023 96.0 Call to JUN 02 2023 96.0 Call @ 1.28 credit (3.90 total now)
XBI: Covered and synthetic covered.
Rolled XBI MAY 05 2023 78.0 Calls to MAY 19 2023 78.5 Calls @ .24 credit (3.05 total now)
Rolled XBI MAY 05 2023 79.0 Calls to MAY 19 2023 80.0 Calls @ even (1.40 total now)
#SPX1dte Bought to close $SPX May 5th 3985/3965 put spreads for .05. Call side flirting with my stop point so I’m watching.
#Jobs — Higher than expected, record low UE, lost -149K on prior month revisions.
Gain of +253,000 non-farm payroll jobs, vs. expected gain of 180K
Unemployment down by 0.1 to 3.4%, tied for lowest since 1969, vs. expected gain to 3.6%
U6 unemployment 6.6%, down by 0.1
Labor force participation 62.6%, same as last month
Average hourly earnings up by 0.5%; 4.4% increase over the year; both 0.2% than expected..
March jobs revised down by -71K to +165K
February jobs revised down by -78K to +248K
Options Bistro 