Sold VIX 08/30/2023 24/20 Bear Call Spreads
#OnlySpreads
Daily Archives: Thursday, August 24, 2023
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%
Options Bistro 