SPY Dec 04 2023 457 Calls
SPY Dec 04 2023 458 Call
#OnlySpreads
Daily Archives: Monday, December 4, 2023
Tiny stock gains
Sold small pieces of all these:
AAP at $54.86
BXP at $64.29
FITB at $30.30
MMM at $100.45
PARA at $15.81
UPS at $156.01
VNO at $27.01
ZION at $39.01
#FormerFallingKnife #GoingToCash
SPX
#spxcampaign
At the morning drop
$SPX STO 12/4 4530/4550 BUPS at 3.84. BTC on the way up at 1.80. Patience might have been golden, but it could turn to coal.
UVXY blip
A tiny bump up off of new lows in UVXY:
Sold UVXY Dec 15 2023 17/13 Bear Call Spreads at $0.14 Credit
Sold UVXY Dec 15 2023 17.5/13.5 Bear Call Spreads at $0.12 Credit
Sold UVXY Dec 15 2023 18/13.5 Bear Call Spreads at $0.12 Credit
Sold UVXY Dec 29 2023 17/14 Bear Call Spreads at $0.19 Credit
#OnlySpreads
SPY
#ShortPuts – New SPY ladder starting in Jan monthly down around the 50 day and the expected move.
Sold SPY Jan 19 2024 435.0 Put @ 2.45
Sold SPY Jan 19 2024 440.0 Put @ 3.19
SPX hedge (SPY hedge hedge)
#BearishDoubleVertical #BullPutSpreads – Taking gains on the long put side. Adding a SPY hedge against the call side of the SPX hedge. Very bullish SPY up to my short call SPX strikes but with very limited downside. Overall still hoping it tanks to 4000. LOL
Sold to Close SPX Jan 19 2024 4400/4300 Bear Put Spread @ 11.10 (“bought” for 3.00 credit)
Leaving the short call side on for now (4750/4760) and selling SPY put spreads to help protect those in another rally.
Sold SPY Jan 19 2024 480/460 Bull Put Spreads @ 16.00
I’ll manage those by planning to take stock at a basis 4 dollars above wherever the stock is at expiration if we tank.
Stuff
Tomorrow: The health of the auto market will be in focus, with AutoZone and Nio, the Chinese electric vehicle maker, set to deliver results.
Wednesday: Earnings reports are due from GameStop and C3.ai, with shares in the latter up roughly 175 percent this year amid investor enthusiasm for artificial intelligence.
Thursday: Lululemon and Dollar General report results.
Friday: It’s the jobs report. Economists have estimated that employers added roughly 200,000 positions last month, which would keep the unemployment rate unchanged at 3.9 percent. Market watchers will be paying particular attention to wage gains and revisions of previous months’ data for an indication of whether the labor market is cooling off, or if October’s tepid report was just a blip.
SPX trades 12/4
#SPX1dte Sold to Open $SPX Dec 4th 4525/4545-4620/4640 condors for 1.15, deltas -.07 +.07, IV 18%
Options Bistro 