#SPX1dte Bought to close $SPX Aug 1st 4535/4515 put spreads for .45. Condors sold earlier for 1.30.
Put deltas got up to -.09 a few minutes ago, but dropped to -.06 when I was filled. Call strike is +.04 so I will let that sit overnight. I will look to reload put side in the morning.
#shortputs
$AMZN STO 8/18 123 put at 1.49
#coveredcalls
$NET STO 8/4 74 call at 2.50
#coveredcalls #syntheticcoveredcalls
$AI STO 8/4 44.5 call at .76
$TSLA STO 8/4 280 call at 1.19
$CAVA STO 8/4 75 call at .70
#SPX1dte Sold to Open $SPX Aug 1st 4515/4535-4625/4645 condors for 1.30, deltas -.07 +.07
STO F 4 AUG 2023 13 PUT @.11
STO AMZN 4 AUG 2023 132 PUT @3.65
Sto META 4 AUG 2023 305/295 PUT @.36
#shortputs
STO MARA 4 AUG 2023 //15.5,16 AND 16.5 PUT @.21,37 AND .56 CREDIT.
#SPX1dte Sold to Open $SPX July 31st 4530/4550-4620/4640 condors for .876, deltas -.07 +.06, IV 17.65%
#optionsexpiration
SOXL,F,TSLA,MSFT,MARA,CMG,META
TSLA 260 PUT SOLD @8.19
#assignment
TSLA 260 CALL
#coveredcalls
$AI BTC 7/28 42.50 call and STO 8/4 45 call at added credit of .64
$ROKU STO 8/4 84 call at .49
$TMUS STO 7/28 141 call at .86
$GOOGL BTC 7/28 133 call and STO 8/4 136 call at added credit of .33
#optionsexpiration
$TSLA 270 call
$CROX 129 call
$VZ 35.5 call
$MARA 17.5 call
$TMUS 141 call
$AI 39 put
#assignment
$ROKU 84 call I sold this morning for .49. Stock went up $10 more after the covering. I almost feel naked, or undressed at the least!
Had to roll some TROW and CMA bear call spreads after big moves this week.
Others did OK.
BOIL1 3.5 (pre-split) Covered Calls
BOIL 43/57 Bull Put Spread
BOIL 85/78 Bear Call Spread
CMA 40/45 Bull Put Spreads
DLR 130/125 Bear Call Spread
MMM 114.0 Diagonal Call
SWKS 122/117 Bear Call Spread
UVXY 20/20.5/21 Covered Calls
VXX 24/24.5/25/25.5/26/27 Covered Calls
Several VXX Bear Call Spreads
Assignments:
Early Assignment yesterday on some 32 and 31 VXX Puts.
Adjusted cost under 24
I covered all my shorts in the SPY for a nice profit and STO TQQQ, 42 puts for September 8 at 1.80
#CoveredCalls – Keeping plenty of downside protection in place.
Rolled TSLA Jul 28 2023 245.0 Call to Aug 04 2023 240.0 Call @ 5.65 credit (27.90 total now)
STO September 384 puts at 8.60 in my IRA. Since the start of this year the S&P 500 is up 20% but the QQQ is up 45% so far. If I get assigned I will just keep the ETF.
#SPX1dte Bought to close $SPX July 28 4600/4620 call spreads for 1.60. Condors sold this morning for 1.00.
Horrible week due to my major error yesterday. I had ruminated in the past that when I hit midweek with profit target already met, I need to be overly careful on Thursday and Friday. I forgot that, and when I should have closed put spread to remove risk, I instead sold a next-day condor. That error sucked 10.00 out of my accounts when market took a mid-day dive.
If today turns out to be a super rally I will take profits on the long Aug 2nd calls I entered this morning.
#CoveredCalls #SyntheticCoveredCalls #ShortPuts – Getting a few in on the early strength.
SNOW: Rolling.
Rolled SNOW JUL 28 2023 175.0 Put to AUG 04 2023 170.0 Put @ .05 credit (2.30 total now)
TLT: Another round of synthetic divvys.
Bought to Close TLT JUL 28 2023 103.0 Calls @ .01 (sold for .33 and .70)
Sold TLT AUG 11 2023 101.0 Calls @ .38 and .39
XBI: Closed and rolled.
Bought to Close XBI JUL 28 2023 83.0 Puts @ .38 (sold for .95)
Rolled XBI JUL 28 2023 85.0 Puts to AUG 04 2023 84.5 Puts @ even (1.25 total now)
Rolled XBI JUL 28 2023 84.5 Puts to AUG 04 2023 84.0 Puts @ .05 credit (.98 total now)
Rolled XBI JUL 28 2023 84.0 Puts to AUG 04 2023 83.5 Puts @ .10 credit (.93 total now)
Rolled XBI JUL 28 2023 84.0 Puts to AUG 04 2023 83.0 Puts @ .01 credit (.78 total now)
#SPX1dte #RiskReversal I can’t see a strong reason for yesterday’s dip, and with $VIX resuming its downward trend this morning, it’s possible the Upside Warning is still strong.
Sold to Open $SPX Aug 2nd 4465/4445 put spreads
Bought to Open Aug 2nd 4650/4670 call spreads
Total DEBIT -.25
#SPX1dte Sold to Open $SPX July 28th 4495/4515-4600/4620 condors for 1.00. Deltas -.08 +.06, IV 19.3%
This should have been 1.05 or 1.10, I made an entry error and got filled for 1.00.
#ShortPuts – One add.
Sold XBI Aug 18 2023 80.0 Put @ 1.27
#CoveredCalls #SyntheticCoveredCalls – A few partials coming in.
Bought to Close TLT Jul 28 2023 103.0 Calls @ .01 (sold for .70)
Bought to Close TLT Jul 28 2023 104.0 Calls @ .01 (sold for .33 and .35)
#SPX1dte Bought to close $SPX July 27th 4560/4540 put spreads for 4.00. Major suckage. I was so happy to be up +4.00 on a Wednesday, and it all goes up in smoke on a day I was trying to be careful.
Jobs report for June released FRIDAY morning
#SPX1dte Sold to Open $SPX July 28th 4520/4540-4640/4660 condors for 1.00, SPX at 4595, deltas -.07 +.06, IV 12.9%
My bullish call fizzled out quickly so now focused on tomorrow.
#rolling
rolled MARA 17 put, July 23 to aug 4 credit .57
STO September 8, 425 puts at 1.03
#SPX1dte As yesterday’s trades expired worthless I am at +4.00 for the week, exceeding my $3 target. I did not want to risk that by selling a condor the evening after the Fed decision, which often triggers an overnight move. Sure enough, the market rose overnight and has now shown more strength after economic news.
Although we may be too toppy to continue higher today, I am still entering a bullish trade. I had to go with a pretty wide delta disparity to avoid paying a high debit.
Sold to Open $SPX July 27th 4560/4540 put spreads, delta -.15
Bought to Open July 27th 4635/4655 call spreads, delta +.05
Total DEBIT -.45, IV 17.8%
I don’t expect to reach the short call strike but getting close would allow for 2.00 to 4.00 in profit.
Jobless claims at 221,000 vs estimate of 235,000.
Q2 U.S. GDP +2.4% vs estimate of 2.0%
Market already higher overnight is now spiking more.
#shortputs
Sto F 28 JUL 2023 12.5 PUT @.04
Sto LABU 28 JUL 2023 6 PUT @.30
#onlyspreads
Sto CMG 28 JUL 2023 1850/1840 PUT @.55
Sto CMG 28 JUL 2023 1830/1820 PUT @.17
Sto MSFT 28 JUL 2023 325/315 PUT @.26
#coveredcalls
Sto SPCE 4 AUG 2023 4 CALL @.16
#SPX1dte Sold to Open $SPX July 26th 4520/4500 put spreads for 1.25. At time of fill: SPX at 4557, delta -.12
#coveredcalls
$GOOGL STO 7/28 133 call at .47
$MARA STO 7/28 17.5 call at .26
BTO September 15, 210 call at 25.90for a small spec trade. It is deep in the money and has a delta of 80 so should hold its value
#SPX1dte Betting that we rise into the announcement and spike higher from there.
Sold to open $SPX July 26th 4510/4490, delta -.07
Bought to Open July 26th 4615/4635 call spreads, delta +.05
Total credit on trade: +.25
BTC July 28, 420 put at .02, sold at 1.76
#shortputspread
Sto TSLA 28 JUL 2023 255/245 PUT @.81
Sto MSFT 28 JUL 2023 327.5/317.5 PUT @1.11
#shortputs
Sto MARA 28 JUL 2023 16 PUT @.35
#SPX1dte Bought to close $SPX July 25th 4590 calls for .30. Condors sold for 1.05 yesterday. Also put spread sold this morning for .60, so profit on day 1.35
#SPX1dte Sold to Open $SPX July 25th 4540/4520 put spreads for .60. This is in addition to my condor sold yesterday.
#onlyspreads
Sto META 28 JUL 2023 235/225 PUT @.20
#shortputs
Sto SOXL 28 JUL 2023 22.5 PUT @.23
Sto SOXL 28 JUL 2023 23 PUT @.32
#coveredcalls
Sto F 28 JUL 2023 14 CALL @.35
#SPX1dte Sold to Open $SPX July 25th 4490/4510-4590/4610 condors for 1.05, SPX at 4552, IV 11.4%, deltas -.07 +.07
Expiring: July 24th 4490/4510-4575/4595 condors. sold this morning for 1.15
#ShortPuts – Got lucky with the expiration on Friday so jumping right back in.
Sold XBI Jul 28 2023 83.0 Puts @ .95
Sold XBI Jul 28 2023 84.0 Puts @ .83
Sold XBI Jul 28 2023 85.0 Puts @ 1.25
#CoveredCalls – Thought it might stay weak so rolled short call down for more protection. Of course that guarantees a bounce! LOL
Rolled TSLA Jul 28 2023 250.0 Call to Jul 28 2023 245.0 Call @ 3.50 credit (21.25 total now)
Roll AI Jul-28-2023 40 calls (covered) // Aug-18-2023 @1.9 credit
#coveredcalls
$AI STO 7/28 40.5 call at 1.05 These were shares put to me over the weekend at $39
$CROX STO 7/28 129 call at 4.82. Earnings are this Thursday
BTC July 28, 395 puts at .02, sold at 1.31
#SPX1dte Sold to Open $SPX July 24th 4490/4510-4575/4595 condors for 1.15, deltas -.09 +.07, IV 17%
This is pretty tight range, so be cautious if you follow.
Sold 35 shares of BOIL at $70 on a partial assignment of 7 of my BOIL1 07/21/2022 3.5 (pre-split) Covered Calls.
The stock never traded above $70 all week and closed Friday at $65.54.
Obviously I’ll take the gift. 🙂
STO MARA 28 JUL 23 15.5 PUT @.35
#assignment
F 14 put sold @.08
#optionsexpiration
LABU 6 put sold @.34
MARA 14.5 ,15 and 16 PUT SOLD @.21 AND .11 and .37
MSTR 307.50/322.5 SPREAD SOLD @.32
SPCE COVERED CALL 4 SOLD FOR .08
TSLA 260 PUT SOLD @4.05/ May have expired ITM/ so sold a call for next week at 260 for 8.19
#ShortPuts – Got busy and missed the close. Short some 85 strike puts @ 2.05. Stock closed at 84.97 but over 85 just a few minutes after the close. Guessing I’ll get exercised…we’ll see.
I was betting against this week’s move and most positions worked. A few needed to be rolled out.
Not fantastic gains, but I own tiny positions in most of the stocks so I am treating these gains like extra dividend income.
Expired:
BOIL 45/53 Bull Put Spread
BOIL 45/50 Bull Put Spread
BOIL 50.0 Diagonal Put
BOIL 70/75 Bear Call Spreads
CE 135/125 Bear Call Spread
GRMN 115/110 Bear Call Spread
HAS 75/67.5 Bear Call Spread
KMX 95/88 Bear Call Spread
KMX 91/87.5 Bear Call Spread
LNC 32.5/27.5 Bear Call Spread
MDT 90.0 Diagonal Call
NTRS 82.5 Diagonal Call
NTRS 80.0 Diagonal Call
PYPL 80/76 Bear Call Spread
QRVO 115/110 Bear Call Spread
SOXL 33/27 Bear Call Spread
SOXL 32/28.5 Bear Call Spreads
SOXL 20/23 Bull Put Spreads
SWK 105/100 Bear Call Spread
SWKS 121/116 Bear Call Spread
WHR 175/160 Bear Call Spread
A bunch of UVXY and VXX Covered Calls and Bear Call spreads
(too numerous to list)
Assigned:
VNO 20.0 Covered Call – adj cost about $15.40
#SPX1dte Expiring: $SPX July 21st 4490/4510-4590/4610 condors, sold this morning for 1.00.
Profit for week: +2.44
BTC RIVN Aug-18-23 15/17.5 Put Vertical @ 0.12 Limit – was STO @.80 7/3/2023.
#BullPutSpreads – Took a directional shot (wrong!) LOL. Closing long put and leaving short to get exercised. Covering it next week at the expected move for downside protection and slightly below my basis (easy to roll these though).
Originally: Sold TSLA Jul 21 2023 300.0/290.0 Bull Put Spread @ 5.75
Sold to Close TSLA Jul 21 2023 290.0 Put @ 24.25
Sold TSLA Jul 28 2023 250.0 Call @ 17.75
Result:
Exercise at 300 with 47.75 credit received. Basis 252.25 covered at 250.00
#SyntheticCoveredCalls – One of my bigger positions so taking a scalp. Moving it back in and hoping the 200 day resistance holds another week.
Bought to Close TLT Aug 18 2023 105.0 Calls @ .42 (sold for .70)
Sold TLT Jul 28 2023 103.0 Calls @ .33
Sold my last tiny position of TFX at $260.01. Bought at an average price of $258.95 in 2021 and 2022.
With only a tiny dividend, I’m happy to be out.
#FormerFallingKnife
From Stansberry
will look like after the rebalancing…
Among the most affected companies are Nvidia (NVDA) and Microsoft (MSFT), both of which will see their weights decrease by approximately 3 percentage points. The redistributed weight will be allocated to smaller caps within the index.
The rebalancing will take effect before the market opens on Monday, July 24, and it’s expected to have implications for both passive and active mutual funds benchmarked to the Nasdaq 100 Index. According to analysts at EPFR Global, approximately $251 billion in assets under management from passive mutual funds and exchange-traded funds are tied to the index.
Rebalancing events, especially when executed by passive funds, can create some level of market churn. However, the details of the rebalancing have been known since Nasdaq’s announcement on July 10. So the trading activity that has taken place since could lessen the chances of significant volatility.
In fact, during the previous week, the top seven Nasdaq 100 stocks outperformed the index, suggesting that traders and investors may have already factored in the rebalancing.
Also, when you look at previous special rebalances, it becomes clear that they tend to be uneventful in the long run.
For instance, a special rebalancing occurred in 2011 when Apple’s (AAPL) weight in the index reached an uncomfortable 20%. Despite the reallocation of a significant portion of Apple’s weight to Microsoft, there was no lasting effect on share prices. This precedent suggests that next week’s rebalancing is unlikely to have a profound impact on the overall market.
While events like these may cause some short-term market churn, history suggests that the effects from rebalancing tend to be temporary. But it’s still crucial for investors to stay informed on events like these and keep a closer eye on your portfolio..
With high volume and OI at the 380 strike, playing for a 380 pin in the Qs today.
Bought 377/380/383 call butterfly @ .53 debit.
Bought to close 1 SOXL 07/20/2022 26.0 Call at $0.03. Sold last week on a roll at $1.90.
Bought to close 1 TROW 07/20/2022 122.0 Call at $0.05. Sold as part of a bear call spread at $0.49
#SPX1dte Sold to Open $SPX July 21st 4490/4510-4590/4610 condors for 1.00, deltas -.08 +.06, IV 18.8%.
I still have the 4595/4615 call spreads from yesterday’s sale, so double risk on upside. Futures started an upside spike about 40 minutes ago, so if that has momentum I will need to watch the calls closely.
Trimmed my tiny position in PRU at $95.01. Bought in Sept 2022 at $89.00.
Exited my tiny position in REG at $65.01. Also bought in Sept 2022 at $55.00.
#FormerFallingKnife
#SPX1dte Bought to close $SPX July 21st 4485/4465 put spreads for .50. Condors sold this morning for 1.05. Will leave calls to expire or maybe close cheaply.
2 hour scalp
Sold 1 SPY 07/20/2023 452 Diagonal Put at $0.21
#ShortPuts – Adding.
Sold SNOW Aug 04 2023 167.5 Put @ 3.05
#SPX1dte Bought to close $SPX 4525/4505 put spreads for .30. Condors sold this morning for 1.15. Stop was hit at the day’s low, then we bounced right away, so I was able to wait for a cheap price to close.
Calendar
July 21: Expected earnings from American Express (AXP), AutoNation (AN), and Regions Financial (RF)
July 24: Expected earnings from Domino’s Pizza (DPZ) and Whirlpool (WHR)
July 25: July Consumer Confidence and expected earnings from Alaska Air (ALK), Archer Daniels (ADM), Biogen (BIIB), Dow (DOW), Alphabet (GOOGL), General Electric (GE), General Motors (GM), Kimberly-Clark (KMB), Verizon (VZ), Microsoft (MSFT), and Visa (V)
July 26: FOMC rate decision, June New Home Sales, and expected earnings from AT&T (T), Boeing (BA), Coca-Cola (KO), Union Pacific (UNP), Chipotle (CMG), and Meta Platforms (META)
July 27: Q2 Gross Domestic Product (GDP) first estimate, June Pending Home Sales, June Durable Orders, and expected earnings from AbbVie (ABBV), Baxter (BAX), Bristol-Myers (BMY), Honeywell (HON), McDonald’s (MCD), Ford (F), and Roku (ROKU)
Despite the market’s reaction to Tesla and Netflix, earnings season is surpassing analysts’ pre-quarter estimates, though the bar was low and it’s still very early. More than 80% of S&P 500 companies reporting through Wednesday beat Wall Street’s earnings per share (EPS) estimates, compared with the 74% average over the last 10 years.
#SPX1dte Sold to Open $SPX Jul 20th 4465/4485-4600/4620 condors for 1.05, deltas -.06 +.06, IV 14.5%, SPX 4544
Sold my tiny position in JNJ at $167.23. Bought at $154.98.
Sold a very old lot of CSCO at $52.56 (at the 52-week high). Bought in April 2022 at $50.00.
Yesterday, sold part of my tiny position in DLR at $120.01. Bought this lot at $115.78.
#FormerFallingKnife
BTC July 21, 420 put at .02, sold at 1.16
#SPX1dte Sold to Open $SPX Jul 20th 4505/4525-4595/4615 condors for 1.15, deltas -.08 +.07, IV 17.9%
#shortputs
$XBI BTC 7/21 85 put at .40. STO at 2.08. Thank you @fuzzballl
5 minute scalp
Sold 1 SPY Jul 19 2023 455 Diagonal Put Net at $0.21
Options Bistro 