#SPX1dte Not comfortable going short after today, and especially with another jobs report coming in the morning. I was planning to avoid tomorrow’s *monthly* report, not thinking today’s *weekly* report would shake the market like it did. So I will take a cheap shot at another out-sized move… and consider other trades after the report is released at 8:30am ET
Bought to open $SPX July 7th 4325/4345-4465/4485 condors for .80, deltas -.05 +.06, IV 16.3%
#SPX1dte Bought to close $SPX July 6th 4410/4390 put spreads for 5.50. I am a lucky bastard that we got this bounce, but I neither deserve a better price if it comes, or want to risk a worse price if we fall.
#VIXindicator The Upside Warning was canceled today when $VIX spiked 25% above Friday’s close. It went into effect on June 5th, when the close was 4,273.79. The subsequent high of 4,458.48 was on Friday, a 4.3% increase.
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few.
SNOW: Adding at the expected move and below all the major moving averages and the week before earnings and near recent lows. (the perfect storm) 🙂 🙂
Sold SNOW AUG 18 2023 145.0 Put @ 3.10
SPY: Adding.
Sold SPY AUG 04 2023 425.0 Put @ 2.45
Sold SPY AUG 11 2023 425.0 Put @ 3.15
TLT: Another round.
Bought to Close TLT JUL 07 2023 104.5 Calls @ .01 (sold for .53 and .54)
Sold TLT JUL 21 2023 102.0 Calls @ .60
BTC January 2025, 40 puts at 10.50, sold at 11.71, I should have covered yesterday at 9.50 but I got greedy. Any way, It frees up a lot of margin and I am still long the calls.
Options Bistro 