#coveredcalls
$PENN STO 10/13 22 call at .45
Daily Archives: Tuesday, October 10, 2023
CELH Put
#shortputs
$CELH STO 10/13 165 put at 1.80
CVS DG Calls
Sold CVS 10/13/2023 74.00 Calls at $0.22, $0.30 and $0.31
Sold 1 DG 10/13/2023 107.00 Call at $0.65
Sold DG 10/13/2023 108.00 Calls at $0.55 and $0.57
#OnlySpreads
SPY
#ShortPuts – Maybe approaching some resistance here. Taking about 60 percent a few weeks early.
Bought to Close SPY Nov 03 2023 415.0 Put @ 1.35 (sold for 3.00)
Bought to Close SPY Nov 17 2023 405.0 Put @ 1.40 (sold for 3.20)
TLT
#ShortPuts – Selling against some 86.50 covered calls for this week.
Sold TLT Oct 13 2023 88.0 Puts @ 1.50
Sold TLT Oct 13 2023 89.0 Put @ 2.30
NOC
#BearCallSpreads – Taking 60 percent in a day.
Bought to Close NOC Oct 13 2023 485/490 Bear Call Spread @ .40 (sold for 1.00)
Stopped
#SPX1dte. Neutral trading just not in the cards right now. Closed this morning’s call side for 2.05.
Now I need to worry about the one I sold yesterday. As we’ve been seeing for a third day straight, the move up moves quickly and steadily, then stops when it finds its level. Unfortunately, I just don’t know what that level will be. Yesterday I stopped out but would have been fine. Friday I stopped out and avoided a much bigger loss.
QQQ, I can’t resist.
STO QQQ
October 19, 355 puts at 1.31
October 23, 350 puts at 1.03
October 27, 345 puts at 1.13
TLT
#ShortPuts – Can’t resist. LOL
Sold TLT Nov 17 2023 86.0 Put @ 2.42
SPX part 2
#SPX1dte. Doubling down today. I know, I know, I’ve sworn off pushing boundaries… but I definitely need some catch-up premium in this slump.
Sold to Open $SPX Oct 10th 4260/4280-4385/4405 condors for 1.00, deltas -.05 +.05, IV 25.6%
IV higher in the AM than when I sold yesterday afternoon, as usual. This means I got same premium for a condor that is not much narrower. I will be looking to close one of the legs on each side as soon as premium drops.
Options Bistro 