#SPX1dte Sold to close the remaining call spreads for 5.00 and 6.00, with a few contracts expiring for 0.00. My main account saw composite profit of 2.78 on the trade.
Tough decisions being long when high of day and close are ATM. Obviously sold the first half too cheaply but you can only say that in hindsight. I have tried these trades many times and this is a rare time I was correct about the move and how far it would go.
Rolled LABU May 02 2023 6.0 Calls out a week at $0.12 Credit
Rolled LABU May 02 2023 6.5 Calls up to LABU May 09 2023 7.0 Calls at $0.02 Credit
#OnlySpreads
#ShortPuts – Taking these a couple weeks early.
Bought to Close SPY JUN 16 2023 395.0 Put @ .26 (sold for 3.00)
Bought to Close SPY JUN 16 2023 400.0 Put @ .33 (sold for 3.01)
#ShortPuts – Adding.
Sold TLT JUN 16 2023 104.0 Puts @ 2.00
#ShortPuts – Bought to Close SPY JUN 09 2023 415.0 Put @ .33 (sold for 5.60)
Sold my last tiny bit of TEL at $126.01 Bought on 06/16/2022 at $115.91.
#FormerFallingKnife
Added to my tiny position in VZ on the open at 34.43. Div = 7.3%
#FallingKnife
Sold 1 VIX Jun 21 2023 15.0 Put Net Credit at $0.23
Buy to Open 1 Contract VIX Jun 21 2023 13.0 Put at $.03 for a $0.20 Credit
#SPX1dte Sold to close HALF my long call spreads for 2.20. This locks in +.95 of profit on the whole trade. I’m going to give it time now to see if we can reach the 4285 short strike.
Bought to close SOXL Jun 02 2023 18.0 Diagonal Calls at $3.95. Sold last week on a roll at $4.58
Rolled out to SOXL Jun 09 2023 18.0 Calls at $4.00
Bought to close 1 SOXL Jun 02 2023 19.0 Diagonal Call at $3.10. Sold last week on a roll at $3.40
Rolled out to 1 SOXL Jun 09 2023 19.0 Call at $3.25
Bought to close 1 SOXL Jun 02 2023 20.0 Diagonal Call at $1.70. Sold last week on a roll at $3.15
Rolled up to 1 SOXL Jun 09 2023 20.5 Call at $1.72
Bought to close 1 SOXL Jun 02 2023 24.0 Diagonal Call at $0.01. Sold at $0.76
Bought to close 1 SOXL Jun 02 2023 24.5 Diagonal Call at $0.01. Sold at $0.62
Bought to close 1 SOXL Jun 02 2023 25.0 Diagonal Call at $0.01. Sold at $0.58
#Jobs — Higher than expected again. And a gain of +94K in prior month revisions.
Gain of +339,000 non-farm payroll jobs, vs. expected gain of 190K
Unemployment up by 0.3 to 3.7%, higher than expected gain to 3.5%
U6 unemployment 6.7%, up by 0.1
Labor force participation 62.6%, unchanged
Average hourly earnings up by 0.3%; 4.3% increase over the year, 0.1 less than expected.
March jobs revised up by +53K to +217K
April jobs revised up by +41K to +294K
A new 52-week low in the VIX this morning at 15.07
#SPX1dte After losing the week’s profits yesterday on the rip higher, I’m taking a shot today that the jobs report will release us to go even higher, now that debt ceiling is resolved. Went with #RiskReversal for upside.
Sold to Open $SPX June 2nd 4185/4165 put spreads
Bought to open $SPX June 2nd 4285/4305 call spreads
Total DEBIT -0.15
deltas -.07 +.05
Options Bistro 