STC SPX 4200 calendar $9 on the last contract.
The premium is definitely lower with the low IV. In the few rare occasions in the 2000-2022 era, with an almost pin to the strike on expiration, this type of calendar can get 12-18.
Daily Archives: Friday, May 19, 2023
OptionsExpiration
CMA 50.0 Covered Call
HD 260/270 Bull Put Spread
HD 255/265 Bull Put Spread
HD 270.0 Diagonal Put
GPS 7.5 Puts
KRE 29/35 Bull Put Spread
KRE 34.0 Diagonal Puts
LABU 8/7 Bear Call Spread
LABU 8.5/7.5 Bear Call Spreads
LNC 25.0 Covered Call
MET 40/48 Bull Put Spread
SOXL 18.5/17.5 Bear Call Spread
SOXL 17.5 Diagonal Call
UVXY 5.0 Covered Calls
VNO 12.5 Diagonal Puts
VXX 36/37/39/40.0/40.5/41.0/41.5 Covered Calls
VXX 58/45 Bear Call Spread
VXX 57/45 Bear Call Spread
VXX 56/45 Bear Call Spreads
VXX 55/44.5 Bear Call Spreads
VXX 54/44 Bear Call Spreads
VXX 53/43.5 Bear Call Spreads
VXX 52/44 Bear Call Spreads
VXX 29/34 Bull Put Spreads #VXXContango
VXX 30/35 Bull Put Spreads #VXXContango
ZION 27.5 Covered Call
PNC SOXL
PNC
Bought 1 PNC 05/19/2023 119.00 Call at $0.05 (it can’t trade any lower). Sold on Wednesday at $1.00
Sold 1 PNC 05/26/2023 124.00 Call at $0.45 to replace it.
SOXL
Sold 1 SOXL May 26 2023 19.0 Call at $0.23 to replace 1 May 19 2023 17.5 Call that is about to expire.
#OnlySpreads
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.
ZION LABU HD SOXL BOIL PNC
ZION
Bought to close 1 ZION May 19 2023 22.5 Puts at $0.01. Sold on Tuesday at $0.23
LABU
Bought to close LABU May 19 2023 7.0 Diagonal Calls at $0.01. Sold on Monday at $0.15
Bought to close LABU May 19 2023 6.0 Diagonal Calls at $0.56. Sold on a roll last week at $0.79
Sold LABU May 26 2023 6.0 Diagonal Calls at $0.67 for a $0.11 Credit
HD
Bought to close HD May 26 250 / May 19 265 Diagonal Bull Put Spread at Even. Sold the spread Tuesday at $0.20 Credit
SOXL
Rolled this week’s SOXL 17.0 Diagonal Calls to next week’s SOXL 18.0 Diagonal Calls at $0.10 Credit
BOIL
Rolled this week’s SOXL 3.5 Covered Calls to next week at $0.08 Credit
PNC
Bought to close PNC May 26 129 / May 19 121 Diagonal Bear Call Spread at $ 0.05 CREDIT.
Sold the spread Yesterday at $0.35 Credit. #WinWin
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.
Options Bistro 