#SPX1dte #RiskReversal
Sold to Open $SPX Sept 8th 4390/4370 put spreads
Bought to open Sept 8th 4620/4640 call spreads
Total DEBIT is -0.10. This is a double-sized position
Monthly Archives: August 2023
SPXpire
#SPX1dte Expiring $SPX Aug 31st 4445/4465-4570/4590 condors, sold yesterday for 1.00.
Waiting until after the morning’s Job report before placing tomorrow’s trade.
TLT
#ShortPuts – Add to the Oct ladder.
Sold TLT Oct 20 2023 97.0 Put @ 2.20
Risk off
#SPX1dte Closed the add-on put spread effectively for .50, by selling the $SPX Aug 31st 4470/4490 call spread for 19.50
DG
Sold DG 09/01/2023 145/136 Bear Call Spreads at $0.33 Credit.
Sold DG 09/01/2023 144/137 Bear Call Spreads at $0.25 Credit.
#OnlySpreads
Bought 1 DG 09/08/2023 122.0 Put / Sold 1 DG 09/01/2023 128.0 Put at $0.80 Credit.
Bought 1 DG 09/08/2023 121.0 Put / Sold 1 DG 09/01/2023 129.0 Put at $0.91 Credit.
#DiagonalBullPut Spreads
XOMO
#smallbuy
BOT XOMO @20.01
TQQQ,
STO September 15, 38 puts at .42
SPX add-on
#SPX1dte Sold to Open $SPX Aug 31st 4490/4470 put spreads for 1.05, delta -.13
This is aggressive, but $VIX got below 14 and on track for a renewed Upside Warning.
BOIL Call
Sold 1 BOIL Sep 01 2023 75/69 Bear Call Spread at $0.37 Credit
Sold 1 BOIL Sep 01 2023 75/69.5 Bear Call Spread at $0.32 Credit
#OnlySpreads
Bought CPB 09/08/2023 38.00 Puts / Sold CPB 09/01/2023 41.00 Puts at $0.27 Credit
#DiagonalBullPut Spreads
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 31st 4445/4465-4570/4590 condors for 1.00, deltas -.07 +.05, IV 14.6%
Expiring: Condor sold yesterday and additional put spread sold this morning.
Earnings After Hours COST CRWD CRM
A few notable earnings reports will drop after markets close in New York, including software giant Salesforce, cybersecurity firm Crowdstrike and retailer Costco Wholesale.
XBI
#ShortPuts – Bought to Close XBI Sep 01 2023 77.5 Put @ .08 (sold for 1.50)
DLR
Bought 1 DLR Sep 08 2023 137 call/ Sold 1 DLR Sep 01 2023 133 Call at $0.22 Credit
#DiagonalBearCall Spread
VIXspire
My short VIX 08/30/2023 24/20 Bear Call Spreads expired on the open this morning.
Sold VIX 09/06/2023 13/14 Bull Put Spreads at $0.18
SPX 1-dte
#SPX1dte I wasn’t able to post yeterday, but around 12:30 PT…
Sold to Open $SPX Aug 30th 4420/4440-4545/4565 condors for 1.05, deltas -.07 +.06
DLR
Sold 1 DLR Sep 01 2023 137/132 Bear Call Spread at $0.37 Credit
#OnlySpreads
NVDA BOIL ILMN
Bought 1 NVDA 09/08/2023 560 Call / Sold 1 NVDA 09/01/2023 520 Call at $0.37 Credit
#DiagonalBearCall Spread
Sold BOIL 46/54 Bull Put Spreads at $0.42 Credit.
Sold ILMN 09/01/2023 172.5/167.5 Bear Call Spreads at $0.30 Credit
#OnlySpreads
TLT
#ShortPuts – Taking a couple more off on the bounce.
Bought to Close TLT Sep 15 2023 92.0 Put @ .19 (sold for 1.62)
Bought to Close TLT Sep 15 2023 95.0 Put @ .69 (sold for 2.25)
SPY
#ShortPuts – Taking some decent profits on the big bounce.
Bought to Close SPY Sep 15 2023 415.0 Puts @ .31 (sold for 1.50 and 2.15)
Bought to Close SPY Sep 15 2023 420.0 Put @ .43 (sold for 2.15)
Bought to Close SPY Sep 15 2023 425.0 Puts @ .60 (sold for 2.50)
Bought to Close SPY Sep 15 2023 430.0 Put @ .89 (sold for 3.26)
Bought to Close SPY Sep 22 2023 425.0 Put @ 1.12 (sold for 2.86)
Bought to Close SPY Oct 20 2023 410.0 Put @ 1.49 (sold for 3.15)
HE
#shortputs
STO HE 1 SEP 2023 13 PUT @.65
MARA
#coveredcalls
STO MARA 8 SEP 2023 16 CALL @.14
MMM NVDA Bear Call
MMM Sep 01 2023 112/108 Bear Call Spread at $0.44 Credit
NVDA Sep 01 2023 535/515 Bear Call Spread at $0.73 Credit
#OnlySpreads
SPX roll
SPX stopped
#SPX1dte BTC $SPX Aug 29th 4465/4485 call spreads for 1.95. Played with fire by going with 8-deltas today. Will probably sell something else in a little while once we see if this rally has more steam.
NVDA TQQQ VIX
Sold 1 NVDA Sep 01 2023 525/502.50 Bear Call Spread at $0.81 Credit.
Sold 1 NVDA Sep 01 2023 530/507.50 Bear Call Spread at $0.87 Credit.
Paired with yesterday’s Bull Put spreads so no additional margin required.
Bought TQQQ 09/08/2021 44.5 Calls / Sold TQQQ 09/01/2023 41.5 Calls at $0.27 Credit
#DiagonalBearCall Spread
Sold VIX Sep 06 2023 13.5/14.5 Bull Put Spreads at $0.12 Credit
#OnlySpreads
SPX same day
#SPX1dte Sold to Open $SPX Aug 29th 4370/4390-4465/4485 condors for 1.387, deltas -.08 +.08, IV 20.5%
SNOW Puts
Adding 1 more tighter spread
Sold 1 Sep 01 2023 136/141 Bull Put Spread at $0.47 Credit
#OnlySpreads
AI PENN Calls
#coveredcalls
$AI STO 9/1 30.5 call at .46
$PENN STO 9/1 24 call at .32 Sold against stock put to me on Friday
BOIL
Sold BOIL Sep 01 2023 50/54 Bull Put Spreads at $0.35 Credit
Sold 1 BOIL Sep 01 2023 77/72 Bear Call Spread at $0.50 Credit
Sold 1 BOIL Sep 01 2023 78/73 Bear Call Spread at $0.39 Credit
#OnlySpreads
MARKETS
Today’s sale of $45 billion in 2Y government paper stopped at a high yield of 5.024%, the first auction pricing north of 5% since July 2006.
#InterestRates
AMZN BBY CPB DG NVDA SNOW Puts
Sold 1 AMZN Sep 01 2023 123/129 Bull Put Spread at $0.44 Credit
Sold 1 BBY Sep 01 2023 60/65 Bull Put Spread at $0.22 Credit #Earnings
Sold 1 CPB Sep 01 2023 39/41 Bull Put Spread at $0.32 Credit #Earnings
Sold DG Sep 01 2023 130/140 Bull Put Spreads at $0.85 Credit #Earnings
Sold 1 NVDA Sep 01 2023 402.5/422.5 Bull Put Spread at $1.20 Credit
Sold 1 SNOW Sep 01 2023 135/142 Bull Put Spread at $0.46 Credit
#OnlySpreads
SPX same day
#SPX1dte Sold to Open $SPX Aug 28th 4350/4370-4460/4480 condors for 1.10, deltas -.06 +.06, IV 21.1%
Economic Calendar for 8/28 – 9/1
BOIL
Rolled 1 BOIL Aug 25 2023 60.5 Put to 1 BOIL 09/01/2023 56.0 Put at $0.51 Credit
Rolled 1 BOIL Aug 25 2023 59.0 Put to 1 BOIL 09/01/2023 55.0 Put at $0.40 Credit
Sold 1 BOIL Sep 01 2023 76/71 Bear Call Spread at $0.35 Credit
#OnlySpreads
UVXY VXX BOIL
Sold UVXY Sep 01 2023 30/23.5 Bear Call Spreads at $0.12 Credit
Sold VXX Sep 08 2023 33/28 Bear Call Spreads at $0.41 Credit
Sold 1 BOIL Sep 01 2023 75/70 Bear Call Spread at $0.35 Credit
#OnlySpreads
AMZN
#shortputs
STO AMZN 1 SEP 2023 132 PUT @1.86
SPX same day
#SPX1dte Sold to Open $SPX 4300/4320-4460/4480 condors for 1.20, deltas -.05 +.05, IV 33.1%
IV & premium elevated since Powell will be speaking at Jackson Hole at 10am ET
AMZN
#rolling
rolled 132 call ,8/25/2023 to 9/01/2023 –credit 1.40 (8.40 so far)
late yesterday, market EOD.
VIX Spreads
Sold VIX 08/30/2023 24/20 Bear Call Spreads
#OnlySpreads
SPY
#ShortPuts – Let’s bring the 200 day into play finally.
Sold SPY Oct 20 2023 410.0 Put @ 3.15
SPX
Seems like crazy selling but actually still green for the week. 4300 was the bottom of the expected move for the week. We were well outside the top so today just gets us back into range. Still slightly positive from the unchanged level. I’m watching for a break of last week’s low to really see the selling start. FWIW LOL.
TSLA
#CoveredCalls – Keeping protection at the 200 day. Assigned at 270.25 with basis now at 201.35 and covered at 200. It was a wild bullish shot last earnings so out at close to even would be ok with me.
Rolled TSLA Aug 25 2023 200.0 Call to Sep 15 2023 200.0 Call @ 2.15 credit (68.90 total now)
NVDA Call Closed
#syntheticcoveredcalls #earnings
$NVDA BTC 8/25 510 call at .20. STO at 9.75.
SNOW
#ShortPuts – A little early on it this morning. Starter position at the expected move and near recent lows.
Sold SNOW Oct 20 2023 130 Put @ 2.85
SPY XBI
#ShortPuts #CoveredCalls – A few today.
SPY: Adding.
Sold SPY Sep 22 2023 425.0 Put @ 2.85
XBI: Keeping a little downside protection. Covered.
Rolled XBI Aug 25 2023 75.0 Calls to Sep 01 2023 75.0 Calls @ .35 credit (3.40 abd 3.65 total now)
Upcoming
Calendar
Aug. 25: Fed Chair Powell speaks at Jackson Hole Summit, and final August University of Michigan Consumer Sentiment.
Aug. 29: June S&P Case-Schiller home price index, August Consumer Confidence Index, and expected earnings from Best Buy Co. (BBY), Big Lots (BIG), Box, Inc. (BOX), and HP Inc. (HPQ).
Aug. 30: August ADP employment and revised Q2 Gross Domestic Product.
Aug. 31: Weekly Initial Jobless Claims, July Personal Consumption Expenditures (PCE) price index, July Personal Income and Spending, August Chicago Purchasing Managers Index (PMI), and expected earnings from Dell Technologies (DELL), Dollar General (DG), Hormel Foods (HRL), Lululemon Athletica (LULU), and UBS AG (UBS).
Sept. 1: August Employment Report, Construction Spending, and the Institute for Supply Management Manufacturing Index.
NVDY
#takingprofits
BTC NVDY @24.03/BTO@22.00
Was to be long term dividend play//but… cha-ching— 4 days!
VXX Call Spreads
Sold VXX 09/01/2023 32/27 Bear Call Spreads at $0.21 and $0.26 Credit
Sold VXX 09/01/2023 33/28 Bear Call Spreads at $0.22 Credit
#OnlySpreads
Bad SPX week
#SPX1dte Another day, another stop hit. That’s 4 for 4 on days with troubled trades. Since the week has been such a whipsaw and so far ALL of my closing stop trades ended up being more costly than necessary, I’m waiting this one out and not closing hastily.
SNOW Put (not patrol) Close
#shortputs
$SNOW BTC 8/25 148 pt at 1.69. STO at 9.33. Therre was rolling on this one but net credit for the ride was 5.09. Thank you @fuzzballl for the idea.
NVDA
Bought to close 1 NVDA 08/25/2023 610.0 Call at $0.01
Sold Tuesday at $1.69 as part for a 700/610 Bear Call Spread
Bought to close 1 NVDA 08/25/2023 600.0 Call at $0.01
Sold Tuesday at $2.18 as part for a 680/600 Bear Call Spread
Bought to close 1 NVDA 08/25/2023 370.0 Put at $0.01
Sold Tuesday at $1.37 as part for a 310/370 Bull Put Spread
Bought to close 1 NVDA 08/25/2023 380.0 Put at $0.01
Sold Tuesday at $1.85 as part for a 320/380 Bull Put Spread
Reclaiming the margin for other trades
NVDA Call Close / AMD Roll Call
#coveredcalls #earnings
$NVDA BTC 8/25 490 call at 6.80. STO yesterday at 14.17. Keeping the stock for now.
$AMD BTC 8/25 107 call and STO 9/1 (September already!!) 109 call at added credit of .40 and $2 more if called away
SPX same day
#SPX1dte Sold to Open $SPX Aug 24th 4385/4405-4495/4515 condors for 1.15, deltas -.08 +.06, IV 22%
NVDA Strong SNOW Strong
TLT
#CoveredCalls #SyntheticCoveredCalls – A move like this I just have to sell into it. Selling up at the 50 day and outside the expected move.
Sold TLT Sep 15 2023 99.0 Calls @ .40
TTD Spurting Roll Call (Present)
#coveredcalls
$TTD BTC 8/25 76 call and STO 9/1 78 call at cost of .20, but gain $2 if called away next week. Stock at 77.78.
Stopped again
#SPX1dte BTC $SPX Aug 23rd 4450/4470 call spreads for .95. Condors sold earlier as a roll for 1.10. At least this one got me a tad bit a profit. Some day I will pick the right day to be long.
TLT
#CoveredCalls #SyntheticCoveredCalls – Getting out of the way in case JP goes full dove on Friday.
Bought to Close TLT Aug 25 2023 96.0 Calls @ .17 (sold for .35)
Bought to Close TLT Aug 25 2023 96.5 Calls @ .11 (sold for .47)
SOXL
#coveredcalls
Sto SOXL 25 AUG 2023 25 CALL @.25
SPX stopped
#SPX1dte. This is a rough week. Notice how I tried to get long yesterday and it reversed on me? So I go neutral today and it blows up in my face? The best hope I have for the week will be break even.
Bought to close $SPX Aug 23rd 4335/4355 call spreads for 3.40.
There is about a 90% certainty that this spread will drop below 2.00 at some point and about 50% certainty it will expire worthless. But even a 10% possibility that the rally at this moment won’t stop until the spread is over 5.00 means I have to throw in the towel and take the chunky loss.
And sure enough, by the time I finished typing this, the price dropped .80 lower than the price I paid. Very frustrating week.
O.T.
Even my barber told me he owed NVDA and that is what we are waiting for today. LOL
VIXspire
VIX Aug 23 2023 27.0/23.0 Bear Call Spreads expired
VIX Aug 23 2023 25.0/22.0 Bear Call Spreads expired
#OnlySpreads
SPX add on
#SPX1dte Sold to Open $SPX Aug 23rd 4360/4340 put spreads for .90. Delta -.08, SPX at 4399.
Added to condor sold yesterday for 1.15
DLR TQQQ Spreads
Sold 1 DLR 08/25/2023 133.0/128.0 Bear Call Spread at $0.30 Credit
Sold 1 TQQQ 09/01/2023 44.0 / 08/25/2023 41.0 Diagonal Bear Call Spread at $0.12 Credit
Sold 1 TQQQ 09/01/2023 43.5 / 08/25/2023 40.5 Diagonal Bear Call Spread at $0.21 Credit
#OnlySpreads
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 23rd 4305/4325-4435/4455 condors for 1.15, SPX at 4384, deltas -.06 +.07, IV 16.1%
SOXL
Sold SOXL Aug 25 2023 18.5 Puts at $0.16
NVDA Spreads
Sold 1 NVDA Aug 25 2023 320/370 Bull Put Spread at $1.19 Credit
Sold 1 NVDA Aug 25 2023 680/610 Bear Call Spread at $1.27 Credit
#Earnings #OnlySpreads
SPY
#ShortPuts – Sold SPY Sep 15 2023 425.0 Put @ 2.52
SPX try again
#SPX1dte This is an aggressive one: Sold to Open $SPX Aug 22nd 4345/4365-4430/4450 condors for 1.15, deltas -.06 +.09
SPX risk reversal
#SPX1dte Market may have found its short term bottom and futures rose overnight, so trying a long call position today.
Sold to Open $SPX Aug 22nd 4375/4355 put spreads, delta -.09
Bought to Open Aug 22nd 4460/4480 call spreads, delta +.05
Total DEBIT -0.15
SPX stopped
#SPX1dte Bought to close $SPX Aug 22nd 4435/4455 call spreads for 2.10. Condors sold earlier for 1.30.
My overlapping Tuesday trade didn’t work this week. But I will sell a new condor in the morning.
Expiring: Aug 21st 4310/4330-4425/4445 condors, sold this morning for 1.131
MRNA TQQQ
Sold 1 MRNA 08/25/2023 125/120 Bear Call Spread at $0.42 Credit
Sold 1 TQQQ 09/01/2023 43.0 / 08/25/2023 40.0 Diagonal Bear Call Spread at $0.23 Credit
#OnlySpreads
AI NVDA TTD RIOT WDAY Calls
#coveredcalls
$AI STO 8/25 34 call at .40
$NVDA STO 8/25 490 call at 14.17
$TTD STO 8/25 76 call at .50
#syntheticcoveredcalls
$RIOT STO 8/25 83 call at .58
$NVDA STO 8/25 510 call at 14.17 510 outside of expected move Earings Wednesday
$WDAY STO 8/25 245 call at 14.17 outside of expected move Earings Wednesday
CVS ILMN TQQQ BOIL
Sold 1 CVS 08/25/2023 66.00 Put at $0.66 and 1 CVS 08/25/2023 70.00 Call at $0.13 for a $0.79 Strangle Credit
Sold 1 ILMN 08/25/2023 157.50 Put at $0.57
Sold TQQQ Aug 25 2023 42.50/40 Bear Call Spreads at $0.23 and $0.35 Credits
Sold 1 BOIL Aug 25 2023 77/72 Bear Call Spread at $0.35 Credit
#OnlySpreads
TLT
#ShortPuts – A couple.
Rolled TLT Sep 15 2023 98.0 Put to Oct 20 2023 98.0 Put @ .35 credit (2.10 total now)
Rolled TLT Sep 15 2023 99.0 Put to Oct 20 2023 99.0 Put @ .25 credit (2.55 total now)
Sold TLT Sep 15 2023 92.0 Put @ 1.62
Options Bistro 