Revenge Trade

#SPX1dte At 37 minutes before the close, Sold $SPX Oct 11th 4360/4365/4370 call butterfly for 1.30. Risking 3.70 to make 1.30. Trade expired worthless.

Market was more subdued today but still was whipsaw swinging. This is first time I have done a narrow butterfly like this; although market was consolidating at 4365 for about 30 minutes, it seemed apparent there would be another move before the close so I took this shot. It succeeded when market shot higher into the close.

No trade for tomorrow to avoid the CPI report aftermath (plus I’m driving to Colorado). I will consider a trade Friday morning. I am breakeven for the week, so I want to break the losing streak, even if it’s only by a dollar or so.

Flat

#SPX1dte Had to close put side as this steady march downward has small chance of following through. BTC puts for .25, so profit on day +.85

TLT

#ShortPuts – Moving this one in to a little shorter timeframe.

Bought to Close TLT Nov 17 2023 86.0 Put @ 1.29 (sold for 2.42)

Sold TLT Oct 20 2023 90.0 Put @ 2.15

SWK UVXY Spreads

Sold 1 SWK 10/20/2023 90/85 Bear Call Spread at $0.85 Credit
Sold 1 UVXY 10/13/2023 20.5/16.5 Bear Call Spread at $0.16 Credit
Sold 1 UVXY 10/13/2023 20.5/17 Bear Call Spread at $0.20 Credit
#OnlySpreads

CVS TSN WBA Calls

Sold 1 CVS 10/13/2023 75.00 Call at $0.27
Sold 1 TSN 10/13/2023 49.00 Call at $0.27
Sold WBA 10/13/2023 24.50 Calls at $0.42
Sold WBA 10/13/2023 25.00 Calls at $0.19
#OnlySpreads

SPX risk off

#SPX1dte Bought to close call side for .15. Today looking less bullish, however, the rallies in last few days started later in the morning so I’m getting out of the way.

Inflation

The producer price index increased 0.5% for September, against the Dow Jones estimate for a 0.3% rise.
Excluding food and energy, core PPI was up 0.3%, versus the forecast for 0.2%.
Inflation pressures came primarily from final demand goods, which surged 0.9% on the month, while services increased 0.3%.

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 11th 4290/4310-4420/4440 condors for 1.25, deltas -.07 +.05, IV 26.3%.

Slight bullish lean based on futures being slightly higher and the 5-day trend. Producer Price Index (PPI) report coming up at 8:30am ET.