Lightening up on a previous #FallingKnife stocks
TSN at $48.38
SWK at $90.71
#FormerFallingKnife
Monthly Archives: November 2023
SPX 0 DTE
#spxcampaign
$SPX STO 11/15 4570/4550 call at .55
SPX trades 11/15
#SPX1dte Super late to game but with retail sales number coming and already strong $TGT earnings, going with bullish #riskreversal…
Sold $SPX Nov 15th 4460/4440 put spreads, delta -.08
Bought 4570/4590 call spread, delta +.05
Net CREDIT .05
SPY
#ShortPuts – Taking about 65 to 70 percent a month early.
Bought to Close SPY Dec 15 2023 420.0 Put @ .92 (sold for 3.00)
Bought to Close SPY Dec 15 2023 425.0 Put @ 1.22 (sold for 3.40)
$SHOP rollout
With the stock at 65.78, rolled 11/17 65 puts out to 12/15 65 puts @ 1.87 credit.
With rolls, this position still has an overall negative because of a debit roll I did on 10/5 with the stock around 52. It has now recaptured the strike, and I’m staying with it. Now negative overall 1.61.
QQQ,
STO December 29, 350 puts at 1.26
Taking gains
Lightening up on some previous #FallingKnife stocks
ARE at $99.16
ARE again at $103.77
VNO at $23.05
TFC at $31.27
ZION at $34.37
ZION again at at $36.01
USB at $36.28
CMA at $44.54
BXP at $57.28
SWK at $86.80
#FormerFallingKnife
HD Put Spread
Bought to close 1 HD 11/17/2023 267.50 / 272.50 Bull Put Spread at $0.02. Sold yesterday at $0.52 prior to #Earnings
#OnlySpreads
SPX trades 11/13
#SPX1dte Waiting for the open to sell. Call premiums are much higher than put premium at comparable deltas.
Inflation flat in October
Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy.
The consumer price index, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month, according to seasonally adjusted numbers from the Labor Department on Tuesday. Economists surveyed by Dow Jones had been looking for respective readings of 0.1% and 3.3%.
Headline CPI had increased 0.4% in September.
https://www.cnbc.com/2023/11/14/cpi-inflation-report-october-2023.html
SPY Diagonal Bear Call Spreads
Bought 1 SPY Nov 15 2023 446 Call / Sold 1 SPY Nov 14 2023 441 Call at $1.47 Credit
Bought 1 SPY Nov 15 2023 447 Call / Sold 1 SPY Nov 14 2023 442 Call at $0.70 Credit
Bought 1 SPY Nov 15 2023 448 Call / Sold 1 SPY Nov 14 2023 443 Call at $0.47 Credit
#OnlySpeads
HD Put Spread
Sold 1 HD 11/17/2023 267.50 / 272.50 Bull Put Spread at $0.52 Credit
#OnlySpreads
New Weekly Spreads
Sold 1 AAP 68/64 Bear Call Spread at $0.62 Credit
Sold 1 WM 175/172.5 Bear Call Spread at $0.65 Credit
Sold 1 WMT 180/175 Bear Call Spread at $0.37 Credit
Sold 1 QCOM 132/127 Bear Call Spread at $0.37 Credit
Sold 1 UVXY 18/13.5 Bear Call Spread at $0.22 Credit
Sold 1 TGT 90/95 Bull Put Spread at $0.38 Credit
Sold 1 TGT 125/120 Bear Call Spread at $0.43 Credit
#OnlySpreads
Puts Expiring and the replacements
Expired Friday:
DVN 42.5 Put
EBAY 36.0 Put
GM 26.0 Put
MOS 31.0 Put
TPR 24.5 Put
New Positions for this week:
AAP 46.0 Put at $0.57
BBWI 25.0 Put at $0.20
TGT 98.0 Put at $1.09
Strikes are below 52-Week Lows
QQQ,
STO December 15, 350 puts at 1.44
STO December 22 ,350 puts at 1.94
SPX trades 11/13
#SPX1dte Sold to Open $SPX Nov 13th 4345/4365-4450/4470 condors for 1.00, deltas -.06 +.05, IV 20.3%
Economic Calendar for 11/13 – 11/17
CPI report is Tuesday morning
Bullish on TTD
Post-earnings, intraday, the stock has put in a low and is pushing the HOD further up. Taking into account the market strength, I still believe the reaction was oversold. Willing to be a bit more aggressive on this put sale.
Sold $TTD Jan 19 2024 60 puts @ 2.54. Delta 29.
TSN UVXY Covered Calls
Bought to close 1 TSN Nov 10 2023 48.0 Covered Call at $0.03
Sold to open 1 TSN Nov 17 2023 50.0 Covered Call at $0.59 plus a 2 point higher strike.
Bought to close UVXY Nov 10 2023 13.5 Covered Calls at $0.01
Sold to open UVXY Nov 17 2023 14.0 Covered Calls at $0.23 plus a $0.50 higher strike.
#CoveredCalls
SPY
#ShortPuts – My new style of scalping. Only doing this at obvious support levels. Doesn’t require watching all day….which I rarely do. 3 for 3 this week just selling slightly in the money on pullbacks close to the 50 day.
Bought to Close SPY Nov 10 2023 435.0 Puts @ .28 (sold yesterday afternoon @ 1.90)
This works better for me since it’s something I don’t mind holding and trading around if assigned. Eventually it’ll get too far above the 50 day so too risky or it’ll implode and I’ll need to manage by rolling or taking stock.
Closing the spread short side
Bought to close 1 AAP 11/10/2023 57.0 Call at $0.05.
Bought to close 1 COF 11/10/2023 105.0 Call at $0.05.
Bought to close 1 COF 11/10/2023 104.0 Call at $0.05.
Bought to close 1 GNRC Nov 10 2023 105.0 Call at $0.05
Bought to close 1 GNRC Nov 10 2023 98.0 Put at $0.04
Bought to close 1 EXPE 11/10/2023 123.0 Call at $0.01
Bought to close 1 DIS 11/10/2023 91.0 Call at $0.01
Bought to close PENN 11/10/2023 24.0 Calls at $0.01
Bought to close 1 WBD 11/10/2023 9.5 Put at $0.01
Bought to close 1 WYNN 11/10/2023 97.0 Call at $0.01
Buy to close 1 SPY 11/10/2023 431.0 Put at $0.01
All these trades at contract minimums
SPX trades 11/10
#SPX1dte Sold to Open $SPX Nov 10th 4290/4310-4400/4420 condors for .90, deltas -.05 +.05, IV 21.3%
NEM BBY Stocks
Bought a tiny bit of both below prior lows
NEM at $34.00. Div = 4.60%
BBY at $63.00. Div = 5.75%
#SP500 #FallingKnife
SPY Expiration
1 SPY 446/440 Bear Call Spread
1 SPY 426/431 Bull Put Spread
1 SPY 429/433 Bull Put Spread
#OnlySpreads
QQQ,
STO November 24, 350 puts at .70
AAP COF Calls Closed
Bought to close 1 AAP Nov 10 2023 59.0 Call at $0.05. Sold on a spread roll last Friday at $0.58
Bought to close COF Nov 10 2023 107.0 Calls at $0.05. Sold on a spread roll last Friday at $0.95
#OnlySpreads
SPY Condor 1DTE
Sold 1 SPY Nov 10 2023 443/439/432/427 Iron Condor at $0.59
#OnlySpreads
TGT MMM DG Covered Calls
Bought to close 1 TGT Nov 10 2023 117.0 Covered Call at $0.01
Sold to open 1 TGT Nov 17 2023 117.0 Covered Call at $1.35.
TGT is currently at $108.20
Bought to close 1 MMM Nov 10 2023 95.0.0 Covered Call at $0.05
Sold to open 1 MMM Nov 17 2023 95.0 Covered Call at $0.30
Bought to close DG Nov 10 2023 116.0.0 Covered Calls at $3.52
Sold to open DG Nov 17 2023 117.0 Covered Calls at $4.02 for a $0.50 Credit PLUS raised the short strike another point.
Rolling MELI again
With the stock at 1373, rolled Dec 15 1170 put up to 1250 put (17 delta) @ 8.60 credit. Strike is around the 200 day moving average. With rolls, total premium taken in now 42.26.
SPX trades 11/9
#SPX1dte Sold to Open $SPX Nov 9th 4355/4335 put spreads for .65, delta -.10, IV 20.2%
Upside Warning in effect
#VIXindicator Third consecutive $VIX close below the 78.6% retracement means an Upside Warning. Expect possibility of higher market in coming days or weeks.
The last time this fired was September 1st, and it was a dud; the market did not get higher at all over the 16 days until it was canceled. Here are the recent results of the UpW’s before that:
July 14, 2023: close on that day: 4,505. Subsequent high was 4,607 on July 27. 9 trading days, +2.3%
June 5, 2023: close on that day: 4,274. Subsequent high was 4,458 on June 30. 18 trading days, +4.3%
Mar 30, 2023: close on that day: 4,051. Subsequent high was 4,187 on May 1. 21 trading days, +3.4%
Nov 23, 2022: close on that day: 4,027. Subsequent high was 4195 on Feb 2. 47 trading days, +4.2%
Aug 5, 2022: close on that day: 4145. Subsequent high was 4325 on Aug 16. 7 trading days, +4.3%
Mar 29, 2022: (failed) close on that day: 4631. SPX did not go higher. UpW was canceled after 6 trading days, 0.0%
Dec 27, 2021: close on that day: 4791. Subsequent high was 4818 on Jan 4. 6 trading days, +0.6%
Oct 18, 2021: close on that day: 4486. Subsequent high was 4743 on Nov 22. 14 trading days, +5.7%
Aug 25, 2021: close on that day: 4496. Subsequent high was 4595 on Sep 2. 6 trading days, +1.1%
Aug 13, 2021: (headfake) close on that day: 4468. Subsequent high was 4480 the next day. Canceled the day after that.
May 28, 2021: close on that day: 4204. Subsequent high was 4393 on July 7. 31 trading days, +4.5%
Mar 15, 2021: close on that day: 3969. Subsequent high was 4238 on May 7. 40 trading days, +6.8%
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%
LLY going to the moon?
Not the typical time for put sales, but the reaction to the news is strong and the trend is clear. IV rank is high (79).
Sold to open $LLY Dec 15 540 put @ 3.30, delta 09. Strike is below the recent lows on 10/30-10/31.
COIN puts
Sold to open $COIN Jan 19 2024 65 puts @ 2.48. Delta 14.
SPY
I continue to roll some SPY ITM Bear Call Spreads out day by day for small credits.
Rolled 422, 424, 430 and 431 calls to tomorrow.
Sold to close some SPY Nov 08 2023 439 Long Calls at $0.24 (long side of yesterday’s diagonal Call spread)
Sold to close 1 SPY Nov 08 2023 440 Long Call at $0.19 (long side of yesterday’s diagonal Call spread)
Making a tiny bit on some Puts today:
Sold SPY Nov 08 2023 434 Puts at $0.11 and $0.12
Sold 1 SPY Nov 08 2023 435 Put at $0.20
Bought 1 SPY Nov 10 2023 428 Put / Sold 1 SPY Nov 09 2023 433 Put at $0.22 Credit
XBI
#CoveredCalls – Making these a little safer.
Bought to Close XBI Nov 17 2023 70.0 Calls @ 1.17 (sold for 1.35 and 1.40)
Sold XBI Nov 17 2023 72.0 Calls @ .47
SPY
#ShortPuts – Adding.
Sold SPY Dec 15 2023 420.0 Put @ 3.00
CVX Stock
Started a tiny position in CVX at $143.00, below the prior low.
Div = 4.18% and the next ex-date is only a week away
#SP500 #FallingKnife
SPY
#ShortPuts #TakeOneForTheTeam – Let’s try to stir things up a little. Starting a new Dec ladder at the 200 day.
Sold SPY Dec 15 2023 425.0 Put @ 3.40
SPX trades 11/8
#SPX1dte Sold to Open $SPX Nov 8th 4345/4325 put sprewads for .60, delta -.08.
Futures trending upward so I will wait until after the open to sell call side.
SPY Expiration
SPY Nov 07 2023 422 Put
SPY Nov 07 2023 421/426 Bull Put Spread
SPY Nov 07 2023 443/437 Bear Call Spread
SPY Call Closed
Bought to close 1 SPY Nov 07 2023 438 Call at $0.01. Sold yesterday at $0.66
Rolling out SNOW again
With the stock at 159.94, rolling short $SNOW Nov 17 150 puts out to Dec 15 150 puts (32 delta) @ 5.57 credit. The original position was Sep 15 150 puts. With 3 rolls, total credit is now 18.12.
SPX
Legged in after the open:
STO Nov-7 $SPX 4300/4320 – 4395/4415 #ironcondor @1.00
SNOW
#ShortPuts – Taking the quickie.
Bought to Close SNOW Nov 24 2023 135.0 Puts @ .60 (sold for 2.05)
SPX trades 11/7
#SPX1dte Sold to Open $SPX Nov 7th 4305/4325-4395/4415 condors for 1.30, deltas -.08 +.07, IV 19.1%
Only 70-point range and aggressive deltas to get the premium over a dollar.
SPX Expiration
$SPX Nov-6 4305/4325 / 4405/4425 IC
Legged in call side for .45, put side for .55.
SPY Expiration
1 SPY 441/436 Bear Call Spread sold Friday at $0.61 Credit
1 SPY 419/422 Bull Put Spread
1 SPY 424 Short Put
DHI Puts
Sold 1 DHI Nov 10 2023 103/108 Bull Put spread at $0.33 Credit
#OnlySpreads
SPY 0dte Call Closed
Bought to close 1 SPY Nov 06 2023 438 Call at $0.01. Sold this morning at $0.33
SNOW
#ShortPuts – Jumping back in the week before earnings.
Sold SNOW Nov 24 2023 135.0 Puts @ 2.05
QQQ,
STO November 24, 350 puts at 1.06
Short Puts
Since I got a lot of cash back from Covered Call Assignments, I’m putting it back to work for a week.
Sold 1 WBD Nov 10 2023 10 Put at $0.08. Stock at 11.52
Sold 1 DVN Nov 10 2023 42.5 Put at $0.13. Stock at 47.05
Sold 1 TPR Nov 10 2023 24.5 Put at $0.15. Stock at 27.65
Sold 1 EBAY Nov 10 2023 36 Put at $0.18. Stock at 40.22
Sold 1 MOS Nov 10 2023 31 Put at $0.30. Sock at 33.01
CVS Covered Call
Sold 1 CVS Nov 24 2023 73 Covered Call at $0.51.
Already short 73 Calls for this week and next.
#CoveredCalls
AAPL DG Calls
Sold 1 AAPL Nov 10 2023 187.5/182.5 Bear Call Spread at $0.22 Credit
Sold 1 DG Nov 10 2023 129/124 Bear Call Spread at $0.45 Credit
#OnlySpreads
GNRC Puts
Sold 1 GNRC Nov 10 2023 93/98 Bull Put Spread Put at $0.35 Credit.
Offset against some short call spreads I had to roll out Friday.
#OnlySpreads
AAPL EXPE QCOM PENN Calls
Sold 1 AAPL Nov 10 2023 182.5 Call at $0.42
Sold 1 EXPE Nov 10 2023 115 Call at $1.29
Sold 1 EXPE Nov 10 2023 113 Call at $2.19
Sold 1 QCOM Nov 10 2023 123 Call at $0.44
Sold 1 QCOM Nov 10 2023 122 Call at $0.82.
Sold PENN Nov 10 2023 24 Calls at $0.17
All these sales against leftover long calls from last week’s spreads
#OnlySpreads
SPY Diagonal Spread and a new Condor
Bought 1 SPY Nov 08 2023 443 Call at $0.15
Sold 1 SPY Nov 06 2023 438 Call at $0.33 for a Credit of $0.18. Short side is 0dte
Sold 1 SPY Nov 07 2023 443/438/426/421 Iron Condor at $0.66 Credit
1dte
#OnlySpreads
ZION COF Calls Rolled
Rolled the long part of my spreads up and out
Sold to close 1 ZION Nov 10 2023 34.5 Call at $0.73
Bought to Open 1 ZION Nov 17 2023 36.5 Call at $0.28 for a Credit of $0.45
Sold to close 1 ZION Nov 10 2023 33.5 Call at $1.54
Bought to Open 1 ZION Nov 17 2023 36.5 Call at $0.42 for a Credit of $1.12
Sold to close COF Nov 10 2023 108 Calls at $0.75
Bought to Open COF Nov 17 2023 115 Calls at $0.12 for a Credit of $0.63
#OnlySpreads
SPX trades 11/6
#SPX1dte Sold to Open $SPX Nov 6th 4295/4315-4405/4425 condors for .85, deltas -.06 +.06, IV 20.9%
OptionsExpiration
Covered Call Assignments:
AAP at $54.00 vs recent put assignment at $52.00
GM at $28.50 vs recent put assignment at $27.50
PARA at $12.50 vs recent put assignment at $12.00
ZION at $31.50 vs recent put assignment at $30.00
PENN at $19.50 vs recent put assignment at $18.50
Economic Calendar 11/6 – 11/10
SNOW
#ShortPuts – Surprised this filled. I’ll look to re-load on any weakness prior to earnings.
Bought to Close SNOW Nov 17 2023 145.0 Put @ 3.05 (sold for 3.05)
TLT
#ShortPuts – Adding to the bottom of a big Dec ladder. Maybe distract Mr. Market to keep him away from my short calls. 🙂 🙂
Sold TLT Dec 15 2023 88.0 Put @ 2.27
Sold TLT Dec 15 2023 89.0 Put @ 2.80
Sold TLT Dec 15 2023 90.0 Put @ 3.40
SPX
Bought to Close 4240/4250/4250/4260 Iron Fly @ 8.25 (sold for 5.60)
1.30 loss for the week on 3 attempts. Not bad considering 2.5 of the attempts were on the short call side into about a 4 or 5 std dev move to the upside. LOL
SPX SPY TLT TSLA
#CoveredCalls #SyntheticCoveredCalls #ShortPuts
SPX: 0 DTE not working today. Incredible up move this week.
Sold 4240/4250/4350/4360 Iron Condor @ 2.10 yesterday.
Call side getting run over so added 4350/4340 Put Spread @ 3.50 to make an Iron Fly
Probably heading for 4.40 loss
SPY: Out of all short puts now and rolling a covered call.
Bought to Close SPY Nov 17 2023 425.0 Put @ 1.78 (sold for 3.45)
Bought to Close SPY Dec 08 2023 420.0 Put @ 2.80 (sold for 3.55)
Rolled SPY Nov 03 2023 406.0 Call to Dec 15 2023 411.0 Call @ .45 debit (6.80 total now)
TLT: Booking gains on more short puts and rolling covered calls.
Bought to Close TLT Nov 17 2023 85.0 Put @ .33 (sold for 3.05)
Bought to Close TLT Nov 17 2023 88.0 Puts @ 1.19 (sold for 2.90)
Rolled TLT Nov 17 2023 88.0 Calls to Dec 15 2023 90.0 Calls @ .08 debit (.23 total now)
Rolled TLT Nov 17 2023 88.5 Calls to Dec 15 2023 91.0 Calls @ .17 debit (.15 total now)
TSLA: Rolling synthetic covered.
Rolled TSLA Nov 03 2023 190.0 Call to Dec 15 2023 195.0 Call @ .25 credit (28.30 total now)
SPX same day
#SPX1dte Sold to Open $SPX Nov 3rd 4290/4310-4390/4410 condors for 1.00, deltas -.08 +.05, IV 23.2%
Watching on tight leash as I’m at end of wining week.
October Jobs Report
#Jobs — A bit less than expected and a big drop from September.
Gain of +150,000 non-farm payroll jobs, vs. expected gain of 170K
Unemployment up 0.1 to 3.9%, vs expected unchanged
U6 unemployment 7.2%, up by 0.2
Labor force participation at 62.7%, down by 0.1
Average hourly earnings up by 0.2%; 4.1% increase over the year
September jobs revised down by -39K to +297K
August jobs revised down by -62K to +165K
AAPL EOG
Bought 1 AAPL Nov 10 2023 192.5 Call/ Sold 1 AAPL Nov 03 2023 185 Call at $0.25 Credit
Sold 1 AAPL Nov 03 2023 160/165 Bull Put Spread at $0.17 Credit
Sold 1 EOG Nov 03 2023 139/134 Bear Call spread at $0.35 Credit
#Earnings #OnlySpreads
SPY Puts
Since I will be rolling most of today’s SPY Calls out day by day, I’m putting some puts out there to make some of the time premium back.
Sold 1 SPY Nov 07 2023 422 Put at $0.64
Sold 1 SPY Nov 06 2023 422 Put at $0.43
#OnlySpreads
DG MMM TGT Covered Calls rolled out
Rolled this week’s DG 115 Calls to next week’s DG 116 Covered Calls at $0.52 Credit
Rolled this week’s MMM 94 Call to next week’s MMM 95 Covered Call at $0.17 Credit
Rolled this week’s TGT 117 Call to next week’s TGT 117 Covered Call at $0.20 Credit
#CoveredCalls
#spx7dte #onlyspreads Sto SPY 7…
#spy7dte
#onlyspreads
Sto SPY 7 NOV 2023 438/442 CALL @.15
———-
#coveredcalls
Sto SOXL 10 NOV 2023 18.5 CALL @.26
COF AAPL Diagonal Calls
Bought 1 COF Nov 10 2023 108 Call / Sold 1 COF Nov 03 2023 103 Call at $0.70 Credit
Bought 1 COF Nov 10 2023 109 Call / Sold 1 COF Nov 03 2023 104 Call at $0.50 Credit
Bought 1 AAPL Nov 10 2023 190 Call / Sold 1 AAPL Nov 03 2023 185 Call at $0.24 Credit
The short sides are 1dte
#OnlySpreads
SPY
#ShortPuts – Taking a lot off on the bounce and the VIX collapse.
Bought to Close SPY Nov 10 2023 420.0 Put @ 1.37 (sold for 3.20)
Bought to Close SPY Nov 24 2023 415.0 Put @ 2.07 (sold for 3.32)
Bought to Close SPY Dec 01 2023 400.0 Put @ 1.10 (sold for 3.15)
Bought to Close SPY Dec 15 2023 390.0 Put @ 1.37 (sold for 3.80)
Bought to Close SPY Dec 29 2023 375.0 Put @ 1.09 (sold for 3.25)
Bought to Close SPY Dec 29 2023 380.0 Put @ 1.32 (sold for 3.25)
Bought to Close SPY Dec 29 2023 385.0 Put @ 1.60 (sold for 3.52)
AAPL CAH EOG EXPE Spreads – 1dte
Sold 1 AAPL 187.5/182.5 Bear Call Spread at $.039 Credit
Sold 1 AAPL 190/185 Bear Call Spread at $.032 Credit
Sold 1 CAH 81/86 Bull Put Spread at $0.35 Credit
Sold 1 EOG 137/132 Bear Call Spread at $0.35 Credit
Sold 1 EXPE 113/108 Bear Call Spread at $0.35 Credit
#Earnings #OnlySpreads
SPY Diagonal Calls
Bought SPY Nov 03 2023 434 Calls / Sold SPY Nov 02 2023 429 Calls at $0.44 Credit
The short is 0dte
#OnlySpreads
Options Bistro 