Monthly Archives: December 2023
COIN Iron Condor
Sold to open $COIN Jan 19 135/145/230/240 iron condor @ 2.34. Short strikes around 15 delta.
SPY
SPY: Selling against 475/425 Bear Put Spreads out to Jan 2025. Giving it a little more room next week.
Rolled SPY Dec 29 2023 475.0 Puts to Jan 5 2024 472.0 Puts @ .60 credit (1.95 total now)
TLT
#LongStock #CoveredCalls – Letting my highest basis stock go for small profits and replacing with put sales. Getting a chunk of cash back into the 5 percent MM. Still holding long stock from 95 down to 85.
Sold Covered Stock @ 98.90 and 98.80 (basis 98.25)
Sold TLT Jan 19 2024 97.5 Puts @ .60
Sold TLT Jan 19 2024 99.5 Puts @ 1.30
SPX trades 12/29
#SPX1dte Sold to Open $SPX Dec 29th 4720/4740-4825/4845 condors for .90, deltas -.06 +.06, IV 18.7%
Third day out of four this week that I have doubled down, taking advantage of the typically quiet holiday week. Watching today closely in case there is any larger moves due to last-day-of-year loading or unloading.
Economic Calendar 1/1 – 1/5
SPX Expire
#spxcampaign #optionsexpiration
$SPX 4735/4715 – 4835/4815 and 4760/4740 – 4820/4840. STO at 1.82
MARA
#ShortPuts – I’m bored.
Sold MARA Jan 19 2024 17.5 Puts @ .82
TLT
#ShortPuts – Adding.
Sold TLT Jan 19 2024 98.5 Puts @ .72
Sold TLT Jan 19 2024 98.0 Puts @ .72
AI,
BTO, March 15, 25 calls at 7.40, The short interest is above 30% according to Fidelity and SMM put the stock on their active trader list. It is a small position but if it runs it will pay for some nice wine.
BITO Put
#shortputs
$BITO STO 1/19 20 put at 1.02
ARM Put Close
#shortputs
$ARM BTC 1/19 57.5 put at .10. STO at 1.08 on 12/12. Thank you @ramie77
SPX trades 12/28
#SPX1dte Doubling down with a second condor: Sold to Open $SPX Dec 28th 4735/4755-4820/4840 condors for .90, deltas -.09 +.05, IV 14.9%
This is 20 points higher on put side and 5 points higher on call side.
Expiration
#spxcampaign
$SPX 12/27 4745/4725 BUPS. Sold on the 11 AM Dip at .50
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 28th 4715/4735-4815/4835 condors for .90, deltas -.07 +.06, IV 10.6%
Expiring: Dec 27th 4845/4825 put spreads, sold yesterday for .80
TLT
#ShortPuts – Jan starter size.
Sold TLT Jan 19 2024 99.0 Puts @ .85
TLT
#ShortPuts – Decent size position for me so gotta take it after this move.
Bought to Close TLT Dec 29 2023 99.0 Puts @ .09 (sold for 1.00)
Bought to Close TLT Dec 29 2023 100.0 Puts @ .29 (sold for 1.37)
Bought to Close TLT Dec 29 2023 101.0 Put @ .81 (sold for 1.87)
SPY
SPY: Selling against 475/425 Bear Put Spreads out to Jan 2025.
Bought to Close SPY Dec 26 2023 475.0 Puts @ .03 (sold for 1.75)
Sold SPY Dec 29 2023 475.0 Puts @ 1.35
UPST short puts
Sold to open $UPST Jan 19 40 puts @ 2.38
TQQQ,
STO January 5, 47 puts at .37 cents.
Economic Calendar 12/25 – 12/29
SPX trades 12/26
#SPX1dte Adding to condor sold on Friday: Sold to Open $SPX Dec 26th 4705/4725-4790/4810 condors for 1.15, deltas -.07 +.07, IV 15.7%. Obviously, I’m assuming a pretty quiet day.
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 26th 4690/4710-4800/4820 condors for 1.00, deltas -.06 +.06, IV 6.4%
Expired
#optionsexpiration
$AI 30.5 call
$TSLA 262.5 call
$AMD 144 call
Merry Christmas / Holiday Greetings
Interesting???
The November PCE prices report fell 0.1% month over month, better than the forecasted rise of 0.1%. The year over year rate was 2.6%, which was also better than the estimate. The core rate, which excludes food and energy prices, was expected to rise 0.2% but only rose 0.1%, which adds to a string of positive inflation news. Additionally, the core year-over-year rate was 3.2%, an improvement to the forecasted 3.3%. The PCE is the Federal Reserve’s favored inflation gauge, and while it has fallen most of the year, it remains above the central bank’s 2% long-term target.
Personal Income was up 0.4% in November as expected, while Personal Spending rose 0.2%. Consumers appear to still be doing well, which could be a good sign for the economy.
Chinese video game and software stocks fell on Friday after Chinese regulators announced new gaming restrictions in the government’s campaign to curb gaming addiction. The plan is to limit the amount of money and time spent online. NetEase (NTES) and Bilibili (BILI) were among the losers tumbling 21% and 11% respectively overnight.
NVDA strong buy signal!! ?
FXI SPY TLT XBI
#ShortPuts #CoveredCalls – A few today.
FXI: Selling against synthetic stock.
Bought to Close FXI Dec 22 2023 23.5 Calls @ .01 (sold for .17)
Sold FXI Jan 19 2024 24.0 Calls @ .38
SPY: Added 475/425 Bear Put Spreads @ 11.60 out to Jan 2025 earlier in the week. Been selling against it to hopefully make it zero cost eventually.
Rolled SPY Dec 22 2023 475.0 Puts to Dec 26 2023 475.0 Puts @ .60 credit (1.75 total now)
TLT: Rolling a few and adding covered straddle.
Rolled TLT Dec 22 2023 99.0 Puts to Dec 29 2023 99.0 Puts @ .43 credit (1.43 total now)
Rolled TLT Dec 22 2023 100.0 Put to Dec 29 2023 100.0 Put @ .18 credit (1.74 total now)
Considering letting lowest cost block of stock get called away if these get hit:
Sold TLT Dec 29 2023 99.0 Calls @ .45
XBI: Another round.
Bought to Close XBI Dec 22 2023 84.0 Puts @ .01 (sold for .86 and .87)
Sold XBI Jan 19 2024 82.0 Puts @ .94
Sold XBI Jan 19 2024 83.0 Put @ 1.14
Sold XBI Jan 19 2024 84.0 Put @ 1.43
Fading ULTA
Looking like a top forming over most of December. Sold to open $ULTA Feb 2 500/510 bear call spread @ 2.00. Short calls 27 delta.
SPX trades 12/22
#SPX1dte Sold to Open $SPX Dec 22nd 4690/4710-4800/4820 condors for 1.25, deltas -.08 +.07, IV 21.4%
SPY Calls barely working
SPY Expiration:
SPY 481/474 Bear Call Spread
SPY 481/473 Bear Call Spreads
TLT
#ShortPuts – Still using weekly gains to buy back covered calls. Hoping to get most of them back within a couple months.
Bought to Close TLT Dec 22 2023 97.5 Puts @.03 (sold for .50)
Bought to Close TLT Dec 22 2023 98.0 Puts @ .05 (sold for .70)
Sold TLT Dec 29 2023 99.0 Puts @ .67
Sold TLT Dec 29 2023 100.0 Puts @ 1.19
Sold TLT Dec 29 2023 101.0 Puts @ 1.87
Still watching 99 and 100 strike for tomorrow.
BOIL Put
Rolled this week’s short 30 Puts to next week’s 29 Puts at $0.40 Credit and picked up a point on the short strike
First good news on this one in a while
FXI
#SyntheticStock #ShortPuts – After reading this yesterday I’m thinning the herd. Keeping synthetic and beefing up disaster puts just in case.
https://www.zerohedge.com/geopolitical/graham-expresses-fury-report-xi-warned-biden-hell-reunify-taiwan-china
“Graham expressed outrage and called for bipartisan efforts to work toward urgently beefing up Taiwan’s defenses and military capabilities. “This story as reported is beyond unnerving,” Graham stated on X Wednesday. “I will be working with Democratic and Republican Senators to do two things quickly. First, create a robust defense supplemental for Taiwan and second, draft pre-invasion sanctions from hell to impose on China if they take action to seize Taiwan.”
Sold assigned stock @ 23.38 (basis 23.47)
Bought to Close FXI Dec 22 2023 24.0 Puts @ .62 (sold for .65)
Bought to Close FXI Dec 29 2023 24.5 Puts @ 1.12 (sold for .98)
Bought to Close FXI Jan 05 2024 24.0 Puts @ .84 (sold for .82)
Bought to Close FXI Jan 12 2024 23.5 Puts @ .62 (sold for .63)
Total loss about 60 bucks.
SPX trades 12/21
#SPX1dte Sold to Open $SPX Dec 21st 4665/4685-4775/4795 condors for 1.35, deltas -.11 +.07, IV 21%
Aggressive on downside as bounce is likely.
SPY Calls finally working again
SPY Expiration
SPY Dec 20 2023 481/475 Bear Call Spread
Does anyone know…
…what news hit?
Rolling ARM
I was about to close this for a nice profit but that chart is making me want to stay involved some more.
Rolled $ARM Jan 19 57.50 puts up to Jan 19 67 puts (26 delta) @ 1.38 credit with the stock at 72.07.
SPX trades 12/20
#SPX1de Adding another tight position on this quiet week: Sold to Open $SPX Dec 20th 4730/4750-4790/4810 condors for .75. Deltas -.08 +.08
TSLA AMD MARA Covered Calls
#coveredcalls
$TSLA STO 12/22 262.50 calls at 2.14
$AMD STO 12/22 144 calls at .92
$MARA STO 1/19 30 calls at 1.25
#coveredcalls Sto HE 29 DEC…
HE
#coveredcalls
Sto HE 29 DEC 23 15 CALL @.10
FXI
#ShortPuts – Adding.
Sold FXI Dec 29 2023 24.5 Puts @ .98
SPX trades 12/19
#SPX1dte Sold to Open $SPX Dec 19th 4720/4700 put spreads for .60, delta -.10, IV 14.2%
This is a bonus spread; my condor from yesterday still on.
SPX next day
#SPX1dte Filled 23 seconds after closing bell: Sold to Open $SPX Dec 19th 4685/4705-4785/4805 condors for .95. I wasn’t at my screen, but I estimate deltas were -.09 +.04
Rolling MELI again
With the stock at 1620, rolled Jan 19 1420 put out to Feb 16 1420 put (13 delta) @ 10.70 credit. With rolls, total premium taken in now 80.97.
SPX 1dte
#SPX1dte Sold to Open $SPX Dec 18th 4670/4690-4760/4780 condors for .85, deltas -.06 +.06, IV 15.3%
Economic Calendar 12/18 – 12/22
TLT
#ShortPuts – Taking nice gains a month early. Adding to shorter term sales.
Bought to Close TLT Jan 19 2024 95.0 Put @ .48 (sold for 3.23)
Bought to Close TLT Jan 19 2024 96.0 Put @ .69 (sold for 3.91)
Bought to Close TLT Jan 19 2024 97.0 Put @ .98 (sold for 4.65)
Bought to Close TLT Jan 19 2024 98.0 Put @ 1.34 (sold for 3.45)
Sold TLT Dec 22 2023 99.0 Put @ .86
Sold TLT Dec 22 2023 100.0 Put @ 1.56
NOC
#SyntheticShortStock – As usual my covered puts got absolutely smoked. Selling against a long term synthetic short out to 2026. Rolling out and down a strike. Week before earnings.
Rolled NOC Dec 15 2023 477.5 Puts @ to Jan 19 2024 475 Puts @ even (7.45 and 4.50 total now)
At some point I may close the synthetic short and trade the puts like regular sales.
I’m sensing a theme here. LOL Decent directional trades but killing myself with the options. I still have nightmares about owning 900 shares of SOXL at 70 and having calls get run over and selling the stock at 90 just before it went to 600. UUgh.
TLT
#CoveredCalls #ShortPuts – As usual my covered calls got absolutely smoked. I’ve been rolling the calls up and out and selling puts daring it to come back down. Taking put profits and buying back covered calls gradually. Would like to get as much of it uncovered as possible in case JP actually does cut rates (although I am still skeptical).
Adding:
Sold TLT Dec 22 2023 99.0 Puts @ .93
XBI
#CoveredCalls #ShortPuts – As usual my covered calls got absolutely smoked. Letting stock go at a loss and replacing with short puts to get back to even. Last time I tried this I went full position with my put sales right before the last implosion. I’ll be more careful this time going with about one third size and hoping to add.
I’m going this route instead of rolling the calls to get cash back into the sweep earning 5 percent.
XBI Stock called away @ 75.00 (basis 76.90 and 78.25)
Sold XBI Dec 22 2023 84.0 Puts @ .86
SPX trades 12/15
#SPX1dte Sold to Open $SPX Dec 15th 4675/4655 put spreads for .75, delta -.08, IV 21.05%
FXI
#SyntheticStock #ShortPuts – Uncovering the synthetic stock and sprinkling in a few put sales.
Bought to Close FXI Dec 15 2023 24.0 Calls @ .26 (sold for .24)
Sold FXI Dec 22 2023 24.0 Puts @ .65
Sold FXI Dec 22 2023 24.5 Puts @ 1.03
Sold FXI Jan 05 2024 24.0 Puts @ .82
Sold FXI Jan 12 2024 23.5 Puts @ .63
Sold FXI Feb 16 2024 27.0/24.0 Bull Put Spreads @ 2.25
TLT
#ShortPuts – Let’s see if the 200 day holds.
Sold TLT Dec 22 2023 97.5 Puts @ .50
Sold TLT Dec 22 2023 98.0 Puts @ .70
AI Roll
#coveredcalls
$AI BTC 12/15 29.50 and STO 12/22 30.50 call at added credit of .15 and extra $1 if called away.
SNOW rollup
Rolled $SNOW Jan 19 170 puts up to Jan 19 190 puts @ 3.85 credit with the stock around 197. Total premium now 24.99 on the put sales and rolls so if I’m assigned at 190 my basis will be around 165.
SPX Trade Leg In – Neck out??
#spx0dte
$SPX STO 4660/4680 – 4795/4775 at 1.10
SPX trades 12/14
#SPX1dte Sold to Open $SPX Dec 14th 4650/4670-4765/4785 condors for .95, deltas -.06 +.06, IV 21%
SPX trades 12/13
#SPX1dte Unable to sell any puts as market just ran. Profit is availabe on the #RiskReversal I sold yesterday… gonna try to pick a top.
SPY Put
Sold 1 SPY Dec 13 2023 460.0 Put at $0.17.
Paired with the calls I’m already short for today.
#OnlySpreads
TLT
#ShortPuts – Taking 60 to 70 percent of max prior to JP. Orders in for next week hoping for a good fill on some fluctuations.
Bought to Close TLT Dec 15 2023 93.5 Puts @ .18 (sold for .75)
Bought to Close TLT Dec 15 2023 94.0 Puts @ .29 (sold for 1.00)
Bought to Close TLT Dec 15 2023 95.0 Puts @ .65 (sold for 1.50)
And just in case he’s dovish:
Sold TLT Jan 19 2024 98.0 Put @ 3.40
Taking the COIN
Bought to close $COIN Jan 19 65 puts @ .16. Sold for 2.48 on 11/8. Only 16 cents left to make with over a month left.
Another 0DTE Idea
Haven’t tried this…just now happened to see it.
SPY Expiration
1 SPY Dec 12 2023 469/465 Bear Call Spread
SPY Dec 12 2023 465 Diagonal Calls (leaves me with some extra long calls for tomorrow)
#OnlySpreads
SPY
#ShortPuts – Crazy run. Taking around 70-80 percent of max a few weeks early.
Bought to Close SPY Jan 05 2024 440.0 Puts @ .47 (sold for 2.25)
Bought to Close SPY Jan 19 2024 435.0 Put @ .82 (sold for 2.45)
Bought to Close SPY Jan 19 2024 440.0 Put @ 1.08 (sold for 3.19)
New SPX high
$SPX just exceeded the March 2022 high of 4637.30. Next would be the all-time high from Jan 2022 of 4818.62.
SPY Calls
My short 465 calls for today look safe (for now).
Adding new positions for tomorrow
Sold 1 SPY Dec 13 2023 466 Call at $0.49
Sold 1 SPY Dec 13 2023 467 Call at $0.30
Sold 1 SPY Dec 13 2023 468 Call at $0.19
#OnlySpreads
SPY Question
Does anyone know when the SPY ex-div date is???
VIX is crashing
A new low below 12.
Market to the moon
ARM puts
Increasing my exposure to the chip sector. Sold to open $ARM Jan 19 57.50 puts @ 1.00 with the stock at 64.82.
SPX trades 12/12
#SPX1dte #RiskReversal
Sold to Open $SPX Dec 13th (next day) 4520/4500 put spreads
Bought to Open Dec 13th 4700/4720 call spreads
Net DEBIT .50
I will hold this until after Fed press conference tomorrow, in case ultimate market reaction is bullish
CPI rose 0.1% in November
Prices across a broad range of goods and services edged higher in November as energy prices declined, providing hope that inflation could be on a lower trajectory.
The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago, the Labor Department reported Tuesday. Economists surveyed by Dow Jones had been looking for no gain and a yearly rate of 3.1%.
While the monthly rate indicated a pickup from the flat CPI reading in October, the annual rate showed another decline after hitting 3.2% a month ago.
Excluding volatile and energy prices, core CPI increased 0.3% on the month and 4% from a year ago. Both numbers were in line with estimates and little changed from October.
https://www.cnbc.com/2023/12/12/cpi-inflation-report-november-2023.html
SPY Expiration
SPY Dec 11 2023 466/462 Bear Call Spreads (just barely – $0.01 out of the money)
1 SPY Dec 11 2023 465/463 Bear Call Spread
#OnlySpreads
SPY Calls
Sold SPY Dec 12 2023 465.0 Calls at $0.38
#OnlySpreads
FXI
#SyntheticStock – Taking a long term shot. Starter position only .22 out of pocket.
Bought FXI Jan 16 2026 25.0/25.0/15.0 Synthetic Stock with Disaster Put @ .45 debit
Sold FXI Dec 15 2023 24.0 Calls @ .23
Options Bistro 