#shortputs
$CELH BTC 10/13 165 put and STO 10/20 162.50 put at added credit of .81. Credit taken in so far is 2.81 and reduce
if assigned by 2.50.
Daily Archives: Friday, October 13, 2023
NOC
#SyntheticShortStock – Taking a shot here on one spread.
NOC Jan 16 2026 490/490/590 Synthetic Short Stock @ 13.00 debit (113 max loss with 118 weeks to go)
Sold NOC Oct 20 2023 490.0 Put @ 7.50
SPX Scalping (Paper Trading!)
Jeff has inspired me to start experimenting in the 0 DTE world. Whiz does these all the time with great success. Some of these are his but most are mine. This covers the last week. The previous 2-3 weeks are very similar.
Every position is nearly always legged into based on market movement. I will sometimes throw an iron condor on all at once but mostly try to leg it. Been using 10 contracts at either 5 or 10 wide wings and taking the position off at 70, 80 or 90 percent. There was one today I closed at net zero for max profit.
These total about +3450 for the week in one account. Very interesting to trade these. I know going live adds an extra layer of caution to these so when I go it’ll be tiny. Maybe one or two spreads max for now.
As far as managing, I’m considering a few options.
1. Set a stop loss at an amount I’m willing to lose.
2. If short side gets breached immediately sell the other side and turn it into an iron fly.
3. If short side gets breached immediately sell the other side at same strikes and accept that loss.
Ideas?
XBI
#ShortPuts – Got a few short puts in the money and adding here. Been throwing some short calls out there against the position also.
Bought to Close XBI Oct 20 2023 74.0 Calls @ .08 (sold for .42)
Sold XBI Nov 17 2023 75.0 Calls @ .69
Sold XBI Nov 17 2023 65.0 Puts @ 1.01
UVXY WBA Calls
Bought to close 1 UVXY 10/13/2023 20.00 Call at $0.01. Sold on 10/04 at $0.91
Bought to close WBA 10/13/2023 25.00 Calls at $0.01. Sold 2 days ago at $0.19
Bought to close WBA 10/13/2023 24.50 Calls at $0.01. Sold at $0.18 and $0.42
#OnlySpreads
Flat
#SPX1dte. Closed call side for .15 and put side for .35. Profit for day +.75
TLT
#ShortPuts – Rolling and collecting more premium.
Rolled TLT Oct 13 2023 88.0 Puts to Oct 20 2023 88.0 Puts @ .65 credit (2.15 total now)
Rolled TLT Oct 13 2023 89.0 Put to Oct 20 2023 89.0 Put @ .38 credit (2.65 total now)
SPX same day
#SPX1dte Sold to Open $SPX Oct 13th 4275/4295-4405/4425 condors for 1.25, deltas -.06 +.06, IV 27%
Options Bistro 