#optionsexpiration
$RIOT 12 call
$CROX 113call
$CROX 123call
$U 37.5 call
Daily Archives: Friday, June 9, 2023
SPX BUCS
#bucs
$SPX BTO 6/16 4375/4385 BUCS at 1.30
SPY
#ShortPuts #TakeOneForTheTeam – C’mon Mr. Market. Here ya go. Selling this week’s low for next week.
Sold SPY JUN 16 2023 426.0 Puts @ 1.72
TLT XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – Letting go of XBI stock this week and probably SPY next week (unless we have a massive selloff). With SPAXX money market (Fidelity cash sweep) paying close to 5 percent cash is king. Layer a little put selling on top of that and continue building a long bond position for the inevitable rate cuts.
TLT: A variety pack. Covered, synthetic covered, and adding to short puts.
Bought to Close TLT JUN 09 2023 103.0 Calls @ .01 (sold for .59 and .74)
Bought to Close TLT JUN 09 2023 103.5 Calls @ .01 (sold for .57)
Sold TLT JUN 16 2023 104.0 Calls @ .28
Sold TLT JUN 16 2023 103.0 Put @ 1.34
Sold TLT JUN 16 2023 104.0 Put @ 2.08
XBI: Goodbye and hello.
Stock will be called @ 79.50 (basis 75.25 and many many calls sold against) Thanks old buddy!
Sold XBI JUL 21 2023 85.0 Put @ 2.00
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“Bonds should once again offer hedge and diversifying potential in portfolios that have riskier allocations, given the considerable room for rates to rally in the event of a growth shock and/or if the Fed pivots and eases, as well as the yield cushion being a multiple of years prior.”
https://www.nasdaq.com/articles/the-great-yield-reset-bond-etfs-and-the-generational-opportunity-in-fixed-income
SPX down and out
#SPX1dte Well, that kinda blew up in my face… it was only a glancing blow but sucks nonetheless. BTC 4290/4270 put spreads for 2.50.
Today will likely be one where I was stopped out on both ends but the day will end safely in between… however, it’s only because I tried the #ReverseRoll. But it reduced my week from being best in 4 months to just being average.
Last Friday made my week, this one torpedoed it.
BIZD XYLD XRMI GOF XRMI LABU SOXL
#raisingcash
#waiting for next leg down
SOLD BIZD @15.16
SOLD XYLD @41.25
SOLD XRMI @20.77
SOLD XRMI @20.54
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#dividendcapture
Monday is ex div day
BOT GOF @15.8299
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#shortputs
STO LABU 16 JUN 2023 6.5 PUT @.13
STO SOXL 16 JUN 2023 20 PUT @.25
TQQQ,
FYI, I have been selling the January 2025 40 puts, cost now is 12.37 and buying the 40 calls with the premium cost now is 9.38 so I have an 18 month trade for this to work and worst case is that I own the stock at $40 in 2025.If we get a real bull market before 2025 I will be happy.
SPY,
STO July 28, 395 puts at 1.31
SPX stopped
#SPX1dte. Bought to close call side for 1.30. Stop not yet hit when I closed this, but I’m not letting a Friday ruin a good week. $TICK has been below zero most of the day but $VIX dropping and $SPX moving higher. This may be the start of the rally we’ve been waiting for.
Looking to enter a couple more bullish positions, maybe another put spread for today and another long term #RiskReversal since the one I bought on Monday is fizzling out.
SPX same day
#SPX1dte Sold to Open $SPX Jun 9th 4235/4255-4335/4355 condors for .85, deltas -.06 +.05, IV 19%
Options Bistro 