#ShortPuts – Adding at the bottom of the ladder. At the expected move and well below the 200 day.
Sold SPY Dec 01 2023 400.0 Put @ 3.15
Daily Archives: Thursday, October 19, 2023
@fuzzballl Are you loading up…
Are you loading up on XBI or waiting for a better price?
🙂
VIX high
$SPX was lower a couple weeks ago, but this is a new $VIX high, highest since March.
MMM TGT Covered Calls Rolled
Bought to close 1 MMM 10/20/2023 93.0 Covered Call at $$0.04.
Sold 1 MMM 10/27/2023 94.0 Covered Call at $0.45 + added one point to the short strike.
Bought to close 1 TGT 10/20/2023 117.0 Covered Call at $$0.04.
Sold 1 TGT 10/27/2023 117.0 Covered Call at $0.35
#CoveredCalls
CVS DG calls rolled
Rolled CVS 10/20/2023 74.0 Calls to CVS 10/27/2023 74.0 Calls at $0.14 Credit
Rolled 1 DG 10/20/2023 113.0 Call to 1 DG 10/27/2023 115.0 Call at $0.02 Credit and added 2 points to the short strike.
#OnlySpreads
TSLA
#SyntheticStock – Taking a shot here with plenty of time to work.
Bought TSLA Jan 16 2026 220/220/175 Synthetic Stock @ 54.20
Sold TSLA Oct 27 2023 220.0 Call @ 6.50
Will roll my 4 dollar loss on the earnings trade into this and start with a 58.20 debit. The synthetic keeps a lot more cash in the sweep drawing 5 percent vs taking stock.
EDIT: Rolled next week’s short 220 call down to 212.5 for 4.30 credit. Gives protection down to around the 200 day…(and guarantees a bounce!) LOL
SPY
#ShortPuts – Taking a little risk off on the tiny bounce.
Bought to Close SPY Oct 20 2023 425.0 Put @ .63 (sold for 2.10)
Bought to Close SPY Oct 20 2023 430.0 Puts @ 2.13 (sold for 2.10)
Bought to Close SPY Oct 27 2023 425.0 Put @ 2.55 (sold for 2.60)
SPX same day
#SPX1dte Sold to Open $SPX 4265/4245 put spreads for .95, delta -.09, IV 31.6%
Futures were flat when jobless claims report came out and then we ticked a bit higher. MACD bullish crossover on 5-min chart. I will look to sell call side and roll up put side if strength continues.
Options Bistro 