#BullPutSpreads – Possibly a sell the news but taking a directional shot to the upside anyway. I’ll manage by rolling or taking stock if it sells off. I must be bored. LOL
Sold TSLA Jul 21 2023 300.0/290.0 Bull Put Spread @ 5.75
Monthly Archives: July 2023
Stopped out
#SPX1dte BTC $SPX Jul 19th 4560/4540 put spreads for 1.30. This leaves me flat for the week. I waited for third day to partake in the rally… surprise surprise, it didn’t work!
SNOW
#ShortPuts – Smaller position and shorter leash. Selling at the 50 day.
Sold SNOW Jul 28 2023 175.0 Put @ 2.28
SNOW
#ShortPuts – Looking a little toppy here so taking 60 to 70 percent a month early. Definitely looking for a down day to re-load.
Bought to Close SNOW Aug 18 2023 145.0 Put @ .73 (sold for 3.10)
Bought to Close SNOW Aug 18 2023 150.0 Put @ 1.06 (sold for 3.30)
Bought to Close SNOW Aug 18 2023 155.0 Put @ 1.49 (sold for 3.95)
TLT
#CoveredCalls #SyntheticCoveredCalls – Spreading them out a little now.
Sold TLT Jul 28 2023 103.0 Calls @ .70
Sold TLT Jul 28 2023 104.0 Calls @ .35
Sold TLT Aug 18 2023 105.0 Calls @ .70
AMGN
Sold my tiny AMGN position at 234.51.
Bought on 05/25/2023 at $220.00
#FormerFallingKnife
TLT
#CoveredCalls #SyntheticCoveredCalls – Being pretty careful with these hoping not to get run over.
Bought to Close TLT Jul 21 2023 102.0 Calls @ .56 (sold for .60)
Bought to Close TLT Jul 21 2023 103.0 Calls @ .15 (sold for .82)
TQQQ,
STO September 15, 38 puts at 1.13
SPX uncle
#SPX1dte Sold to Open $SPX Jul 19th 4560/4540 put spreads for 2.80, SPX at 4572, delta -.27
Selling a put spread only 12 points from ATM is not usually my style, but such is this bullish market. I may get a long call spread going as well.
SPX quandary
#SPX1dte I don’t see a strong reason for the rally to stop… we hit new 15-month highs yesterday and next resistance would be the $SPX April 2022 high of 4637. So I’m trying to enter an aggressive same-day #RiskReversal but want the futures to dip down to 4586 (symbol: /ES). Since it ain’t happening, I will likely wait for the open and look for SPX to take a small spike down and try the fill then.
Trade is
Selling 4530/4510 put spreads
Buying 4590/4610 call spreads
Net credit will be 50 to 60 cents. That put spread is pretty close to money so it is aggressive.
NFLX BUPS Close
#bups
$NFLX BTC 7/21 380/390 BUPS at .20. STO 6/5 at 3.40
SPY
10 minute scalp
Sold 1 SPY Jul 18 2023 454.00 Diagonal Put at $0.13
AI Put
#shortputs
$AI STO 7/21 39.50 put at .84
XBI
#ShortPuts – Re-loading.
Sold XBI Jul 28 2023 84.5 Puts @ .93
Sold XBI Jul 28 2023 84.0 Puts @ .77
TSLA Call Roll
#syntheticcoveredcalls
$TSLA BTC 7/21 290 call and STO 7/21 292.50 call ad cost of $1.10 but would gain $2.50 if called away. They report tomorrow after the close
SPY
#ShortPuts – Taking a few more at 80 percent or better with a lot of time left.
Bought to Close SPY Aug 04 2023 425.0 Put @ .31 (sold for 2.45)
Bought to Close SPY Aug 11 2023 425.0 Put @ .51 (sold for 3.15)
Bought to Close SPY Aug 18 2023 425.0 Put @ .76 (sold for 3.75)
Another stop
#SPX1dte Bought to close $SPX July 19th 4580/4600 call spreads for 1.85. Condors sold earlier for 1.15.
This is a week to be long and nothing else. I’m now slightly negative on week. Both mornings I missed entries to get long. Just gotta pull the trigger and not wait for a greedier fill.
XBI
#ShortPuts – Thinning the herd a little.
Bought to Close XBI Jul 21 2023 83.0 Puts @ .10 (sold for 2.20)
Stocks and Options
Sold out of my tiny KSS position at $26.01. Bought at $23.80 and $21.40
Sold out of my tiny BK position at $47.70. Bought at $43.79
Both are at 3-month highs
#FormerFallingKnife
Sold 1 KMX 07/21/2023 95/87.5 Bear Call Spread at $0.27 Credit.
Sold 1 WHR 07/21/2023 160.00 Call at $0.20 against an existing long 175 call to recover the long cost yet again.
#OnlySpreads
SPX stopped
#SPX1dte Bought to close $SPX Jul 18th 4555/4575 call spreads for 1.70.
Two days in a row. This time I sold lopsided deltas 0f -.10 and +.05 and the call side STILL stopped me out. I also tried to get into a long call spread this morning but missed the fill before we rocketed higher.
U Call
#coveredcalls
$U STO 7/21/42.50 call at 1.02
SPX next day
#SPX1dte Sold to Open $SPX Jul 19th 4470/4490-4580/4600 condors for 1.15, deltas -.08 +.06, IV 12.4%, SPX 4534
TMUS Call
#coveredcalls
$TMUS STO 7/21 142 call at .68
TQQQ,
STO September 15, 38 puts at 1.42
LULU
Replacing position btc yesterday:
STO Aug-18-23 360/350 Put Vertical @ 1.4 Limit
SPY,
BTC July 21, 385 puts at .02, sold at 3.31
BTC July 21, 390 puts at .02, sold at 2.73
SPX same day
#SPX1dte In pre-market a couple minutes after Retail sales number released…
Sold to Open $SPX Jul 18th 4470/4490-4555/4575 condors for 1.05, deltas -.10 +.05.
Definitely a bullish lean on the trade. Also my 4470 long put strike was my SHORT strike on the trade I placed yesterday which was still live. So this trade effectively closed that leg and my long strike is the 4450 from yesterday’s trade, meaning the put side has a 40-pt wing.
MARA
STO MARA 21 JUL 2023 ,15 and 16 PUT @.37 and .11
SPY,
STO September 1, 412 puts at 1.02
SPX stopped
#SPX1dte Bought to close $SPX Jul 17th 4530/4550 call spreads for .60. Condors sold this morning for 1.15
SPY
Sold 1 Diagonal SPY 07/17/2023 449.0 Put at $0.14
Stocks and Options
Bought a tiny bit of T at $13.79. Div = 7.66%
Bought a tiny bit of VZ at $31.99. Div = 7.67%
#FallingKnife
Sold 1 CMA 07/21/2023 55/51 Bear Call Spread at $ $0.25 Credit
Sold 1 CMA 07/21/2023 56/50 Bear Call Spread at $ $0.42 Credit
Sold 1 SWKS 07/21/2023 121/116 Bear Call Spread at $ $0.42 Credit
Sold 1 TROW 07/21/2023 128/118 Bear Call Spread at $ $0.52 Credit
Sold 1 PYPL 07/21/2023 80/76 Bear Call Spread at $ $0.27 Credit
Sold 1 BOIL 07/21/2023 45/50 Bull Put Spread at $ $0.52 Credit
#OnlySpreads
SPY,
BTC July 21, 380 puts at .02, sold at 1.91
SPX next day
#SPX1dte Sold to Open $SPX July 18th 4450/4470-4560/4580 condors for 1.10, SPX at 4511, IV 12.5%, deltas -.09 +.05
These 10-hour+ trades are fairly new for me, so still exploring. Since premium is low and/or condors are narrow at end-of-day or pre-open trades, these provide more of both. They can lose a lot of premium by end of day, or if they get pressured I can close the threatened side at day’s end, usually for a profit.
LULU
BTC Jul-21-23 350/360 Put Vertical @ 0.15 Limit – was STO 6/17 @1.35.
TSLA SPCE
#coveredcalls
Sto SPCE 21 JUL 2023 4 CALL @.08
—
#creditspread
Sto TSLA 21 JUL 2023 322.5/332.5 CALL @1.22
Sto TSLA 21 JUL 2023 315/325 CALL @1.17
SPX same day
#SPX1dte Sold to Open $SPX July 17th 4450/4470-4530/4550 condors for 1.15, deltas -.08 +.08, IV 16.3%
Train Keeps A-rollin
#VIXindicator After a break of only 6 trading days, the Upside Warning is back on, meaning a likelihood of higher market over the next days or weeks. That is TWO consecutive cancelations of the Upside Warning that were NOT followed by a Downside Warning.
SPXpire
#SPX1dte Expiring: $SPX July 14th 4455/4475-4555/4575 condors, sold this morning for 1.05.
Profit for week: +5.05
Economic Calendar week of 7/17 – 7/21
This is from Bloomberg, and only showing the Market Moving items (triple bull)
TQQQ,
STC September 15, 38 calls at 8.60, BTO at 6.55
We have been up 4 days in a row and today would make 5 days if we finish up. In the last year only twice has the TQQQ finished up more than 4 days, so I decided to take the money and run.
SPX same day
#SPX1dte Sold to Open $SPX July 14th 4455/4475-4555/4575 condors for 1.05, deltas -.08 +.06, IV 19.45%
Removing Upside Risk
#SPX1dte Bought to close $SPX July 14th 4540/4560 call spreads for 1.00. Condors sold this morning for 1.15. I will leave put side to expire. Action decidedly bullish, and Upside Warning may get reinstated tomorrow.
AI Call Roll
#coveredcalls
$AI BTC 7/14 39 call and STO 7/21 call at .17 added credit and $2 more if called away.
The 7/14 39 call closed at 1.22 profit.
SPX 1-dte
#SPX1dte Sold to Open $SPX July 14th 4420/4440-4540/4560 condors for 1.15, Deltas -.07 +.07.
Trying something here… selling for tomorrow’s expiration with plan to assess at end of today. I may exit before today’s close if profit is there. No major economic data is scheduled to be released tomorrow.
SPX same day
#SPX1dte Sold to open $SPX July 13th 4420/4440-4520/4540 condors for 1.00, deltas -.06 +.07
SPXpire
#SPX1dte Expected to expire: $SPX July 12th 4390/4410-4510/4530 condors, sold this morning for 1.00.
I am at 3.00 profit for the week, similar to last week before Thursday’s overreaction to weekly jobs number took it all away. So imma proceed cautiously and wait for morning to consider a trade.
SPY
#ShortPuts – Taking 85 percent of max a couple weeks early.
Bought to Close SPY Jul 28 2023 425.0 Puts @ .45 (sold for 3.10)
SPY,
STO September 29, 405 puts at 2.29
TQQQ,
BTO, September 15, 38 calls at 6.55 earlier this morning
SNOW
#ShortPuts – Adding.
Sold SNOW Aug 18 2023 155 Put @ 3.95
SPY
#ShortPuts – Bought to Close SPY Jul 21 2023 425.0 Puts @ .17 (sold for 2.20)
TSLA Call
#syntheticcoveredcalls
$TSLA STO 7/21 290 call at 6.15
AI Put / CROX Call
#shortputs
$AI STO 7/14 39 put at .51
#coveredcalls
$CROX STO 7/14 128 call at .70
TQQQ,
STO September 15, 38 puts at 2.02
STC, January 2025, 40 calls at 12.85 for a break even and switching to shorter puts and calls.
SPX same day
#SPX1dte Sold to Open $SPX July 12th 4390/4410-4510/4530 condors for 1.00, deltas -.07 +.05
CPI in June
Up only 0.2%, less than the 0.3% expected. Lowest since February 2021.
Year on year: +3.0% vs 3.1% estimate.
TSLA Call Close
#syntheticcoveredcalls
$TSLA BTC 7/14/290 call at .50. STO 7/7 at 2.95
SPXpire
#SPX1dte Expiring: $SPX July 11th 4325/4345-4455/4475 condors, sold yesterday morning for 1.05.
Will watch market’s reaction to CPI report in the morning and consider trades then.
TLT
#ShortPuts – Not doing much this week. Just enjoying the theta. A little busier next week for monthly expiration.
Rolled TLT Jul 21 2023 103.0 Puts to Aug 18 2023 103.0 Puts @ .55 credit (1.65 total now)
SPY,
STO September 15, 400 puts at 1.89
SPY, BTC July 14, 390…
SPY, BTC July 14, 390 puts at .02, sold at 1.01
SPXpire
#SPX1dte Expiring: $SPX July 10th 4340/4360-4435/4455 condors, sold this morning for .95
Holding until tomorrow: July 11th 4325/4345-4455/4475 condors, sold later in the morning for 1.05. Deltas are down to -.04 +.04. Had I waited to sell now, I would have been 20 points narrower and probably .10 less premium. Perfect sideways day.
PLTR U TMUS AI NET Call
#coveredcalls
$PLTR STO 7/14 16.5 call at .15
$U BTC 7/14 43 call and STO 7/14 41.5 call at added credit of .24
$TMUS STO 7/14 142 call at .35
$AI STO 7/14 42.5 call at .70
$NET STO 7/14 67 call at .56
SPX next day
#SPX1dte Sold to Open $SPX July 11th 4325/4345-4455/4475 condors for 1.05, deltas -.06 +.06, IV 13.95%
This worked last Monday, so trying again, selling next day’s early to get additional width on the wings. This is ahead of Wednesday morning’s CPI report so good chance we chop around today and tomorrow.
NASDAQ 100 Weighting Change
The Nasdaq 100 index is set to adjust the weighting of its 100 components, with the “magnificent seven” stocks Microsoft (MSFT), Apple, Nvidia (NVDA), Tesla (TSLA), Google parent Alphabet (GOOGL), Meta Platforms (META) and Amazon.com (AMZN) currently accounting for more than half the index’s weight.
The Nasdaq 100 special rebalance will take place before the market open on Monday, July 24, to “address overconcentration in the index by redistributing the weights.”
The weighting changes will be announced on Friday, July 14. No stocks will be added or removed.
SPX same day
#SPX1dte Sold to Open $SPX July 10th 4340/4360-4435/4455 condors for .95, deltas -.07 +.06, IV 18.1%
AI Call Roll
#coveredcalls
$AI BTC 7/7 38 call and STO 7/14 39 call at even. Gain $1 if called away.
$U Call
#coveredcalls
$U STO 7/14 43 call at .65
Profitable Compaies
From Venture Capitalist
NVDA
Rolled Jul-14 390/400 #BuPS // Jul-21-2023 395/405 @1.15 credit.
SPY,
STO August 25, 410 puts at 1.87
June Jobs Report
#Jobs — Lower than expected.
Gain of +209,000 non-farm payroll jobs, vs. expected gain of 230K
Unemployment down by 0.1 to 3.6%, as expected
U6 unemployment 6.9%, up by 0.2
Labor force participation 62.6%, unchanged
Average hourly earnings up by 0.4%; 4.4% increase over the year, stronger than expected
May jobs revised down by -33K to +306K
April jobs revised down by -77K to +211K
SPX 1-dte LONG
#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%
SPX stopped
#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.
Upside Warning canceled
#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.
Options Bistro 