With the stock at 1237, rolled short $MELI Oct 20 1120 put down and out to Nov 17 1050 put (13 delta) @ 12.80 credit. Earnings expected 11/2. Total credit now 18.50.
Daily Archives: Tuesday, October 17, 2023
UVXY DG Covered Calls
Very early Rolls:
Rolled 1 UVXY 10/20/2023 20.5 Covered Call to UVXY 10/27/2023 20.5 Covered Call at $0.37 Credit
Rolled UVXY 10/20/2023 20.0 Covered Calls to UVXY 10/27/2023 20.0 Covered Calls at $0.37 Credit
Rolled 1 UVXY 10/20/2023 19.5 Covered Call to 1 UVXY 10/27/2023 20.0 Covered Call at $0.37 Credit
Rolled DG 10/20/2023 113.0 Covered Calls to DG 10/27/2023 114.0 Covered Calls at $0.30 Credit + added a point to the short strike
#CoveredCalls
AAP CVS DG Calls
Sold 1 AAP 10/20/2023 58/56 Bear Call Spread at $0.30 Credit
Sold 1 AAP 10/27/2023 60.0 / AAP 10/20/2023 56.0 Diagonal Bear Call Spread at $0.32 Credit
Sold 1 CVS 10/27/2023 77/74 Bear Call Spread at $0.22 Credit
Sold 1 CVS 10/27/2023 77.0 / CVS 10/20/2023 73.0 Diagonal Bear Call Spread at $0.15 Credit
Sold 1 DG 10/27/2023 124.0 / DG 10/20/2023 119.0 Diagonal Bear Call Spread at $0.40 Credit
Sold 1 DG 10/27/2023 125.0 / DG 10/20/2023 120.0 Diagonal Bear Call Spread at $0.25 Credit
#OnlySpreads
XBI
#ShortStrangles – Selling against short puts.
Sold XBI Nov 17 2023 76.0 Calls @ .63
$SPX trades 10/17
1. STO 10/17 4310/4290 put spread @ 1.75
Rolled 4310 puts up to 4325 @ 1.45 credit
Rolled 4325 puts up to 4335 @ .80 credit
BTC @ .45
Profit: 3.55
2. STO 10/17 4370/4390 call spread @ 1.80
BTC @ 2.80
Loss: (1.00)
3. STO 10/18 4315/4285 put spread @ 2.40, short put 15 delta. Lowering position size by 40%.
Rolled 4315 puts up to 4335 @ 2.00 credit
BTC @ 3.55
Profit: .85
4. STO 10/18 4345/4325 put spread @ 1.80, short puts 15 delta
BTC @ 3.00
Loss: (1.20)
5. STO 10/18 4420/4440 call spread @ 1.75, short calls 13 delta
BTC @ 1.00
Profit: .75
6. STO 10/18 4320/4300 put spread @ 1.90, short puts 15 delta
BTC @ 2.85
Loss: (.95)
I’m likely done for today.
Total profit for the day: 2.00
SPX same day
#SPX1dte Sold to Open $SPX Oct 17th 4280/4300-4405/4425 condors for 1.25, deltas -.06 +.06, IV 26.4%
Options Bistro 