#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.
STC SPX May-22-23/May-19-23 4200 Call Calendar @4-5.8 earlier today, only have a small position left.
Bought 1 PNC 05/26/2023 129.00 Call at $0.18
Sold 1 PNC 05/19/2023 121.00 Call at $0.53
1DTE Scalp opportunity
#OnlySpreads
#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)
#CoveredCalls #SyntheticCoveredCalls – Re-loading the whole enchilada.
Sold TLT JUN 02 2023 105.0 Calls @ .44
#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
QQQ
Sold my last tiny lot of QQQ at $334.42 (the old 52-week high)
Bought on 10/10/2022 at $264.29.
STX
Sold a tiny bit of STX at $63.01. Bought this lot on 09/15/2022 at $62.37.
I have other lots all the way down to $50.00.
#FormerFallingKnife #RaisingCash
KSS
Bought to close 1 KSS May 19 2023 19.0 Put at $0.01.
Sold on Tuesday at $0.15
LABU
Bought to close LABU May 19 2023 5.5 Covered Calls at $0.80, $0.74 and $0.73. Sold last week on a roll at $1.13.
Sold Next week’s LABU May 26 2023 5.5 Covered Calls at $0.86 and $0.82
#CoveredCalls #SyntheticCoveredCalls – A few.
Bought to Close TLT MAY 19 2023 106.0 Calls @ .02 (sold for .55 and .81)
#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)
#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.
#coveredcalls
Will see if it runs otta steam by Friday!
STO SOXL 19 MAY 2023 17.5 CALL @.19
Sold 1 more SOXL May 19 2023 17.0 Diagonal Call at $0.27
Sold SOXL May 19 2023 17.5 Calls at $0.11 and again at $0.18 against already long SOXL 18.5 and 19.0 Calls
#OnlySpreads
Liquidated my tiny position in TTWO in one account at $137.43 (It’s 52-week high up to today)
Bought 3 times at $133.00 and $124.00 in April 2022 and again at $91.90 in November.
Happy to have made 18% on this No-Div stock and even happier to be out.
#FormerFallingKnife #RaisingCash
#SPX1dte Sold to open $SPX May 18th 4100/4120-4195/4215 condors for 1.15, deltas -.08 +.08
Options Bistro 