#shortputs
$AMD STO 6/16 126 put at 2.77. Looking to acquire stock at today’s low, or pocket the cash.
Daily Archives: Monday, June 12, 2023
SPX stopped
#SPX1dte More evidence we should close legs when it’s cheap and market is showing directional bias. This surge over the last hour hit my stop, so bought to close $SPX Jun 12th 4345 calls for .30.
I think it is probable that we’ll see a strong day tomorrow, after the CPI report is released. The report will likely be a lower number, reflecting the downward trend, and it should signal a dovish Fed decision on Wednesday. I have two long positions that would benefit, and I’ll decide how to trade the same-day based on the reaction.
New highs
$SPX just broke through the high of last August. We are now at the highest level since April 2022. Next stop is 4,637.30 high from March 29, 2022.
SNOW TLT
#ShortPuts – A couple adds.
Sold SNOW JUL 07 2023 150.0 Put @ 2.19
Sold TLT JUN 16 2023 104.0 Put @ 2.60
AI Put Close
#shortputs
$AI BTC 6/16 30 put at .20. STO 6/1 at 2.15
SPX same day
#SPX1dte Sold to Open $SPX Jun 12th 4250/4270-4345/4365 condors for .90, deltas -.07 +.06 IV 18.2%
Options Bistro 