Sto SPY 7 FEB 24 470/466 PUT @.11
Sto SPY 7 FEB 24 472/468 PUT @.10
BOT IWMY @19.61
Monthly Archives: January 2024
SPY Expiration
1 SPY 01/31/2024 494.0 Call.
Rolled into this at the close yesterday from the SPY 01/30/2024 491.0 Call.
#OnlySpreads
SPX
#SyntheticShortStock – Rolling.
Rolled SPX Jan 31 2024 4905.0 Puts to Feb 02 2024 4900.0 Puts @ 3.50 credit (13.15 total now)
SPY Puts
Sold 1 SPY 02/06/2024 468.0/473.0 Bull Put Spread at $0.22 Credit
Paired with several Bear Call spreads on SPY
#OnlySpreads
TMO Puts
Sold 1 TMO 02/02/2024 515/525 Bull Put Spread at $0.50.
Paired with the Bear call spread I sold on Monday.
#PostEarnings
IWM SPY Calls Rolled
Bought to close IWM 01/31/2024 200 and 201 Calls at $0.01
Sold 1 IWM 02/02/2024 201 Calls at $0.33 and 1 IWM 02/02/2024 202 Call at $0.22
#DoubleDip
Bought to close SPY 01/31/2024 491 Calls at $0.01.
Sold 1 SPY 02/02/2024 492.00 Call at $0.44.
#OnlySpreads
BA
#CoveredCalls – Out of some of my BA position for small gain.
Sold BA covered stock @ 199.70 (basis 196.70)
TQQQ,
STO March 8, 45 puts at .77
SPX
#SyntheticShortStock – Carrying synthetic short stock and selling puts against it. If we have a huge implosion and my puts get trapped I might want to take the profits on the synthetic short. To do that I’m adding a couple long puts while they are still cheap. That way I can book the synthetic short stock and leave the short puts and continue rolling them until they recover without them being completely naked.
Bought SPX Dec 19 2025 1000.0 Put @ 4.10
Bought SPX Dec 18 2026 1000.0 Put @ 5.00
GOOG
Bought to close the short side of my Bear Call spread at $0.01.
Sold 1 GOOG 02/02/2024 135.0/140.0 Bull Put Spread at $0.50
#PostEarnings
UPS WHR
Bought 1 UPS 02/09/2024 135.0 Put and Sold 1 UPS 02/02/2024 140.0 Put at a$0.18 Credit for the diagonal spread.
Sold 1 WHR 02/02/2024 102.0/107.0 Bull Put Spread at $0.50 Credit
SPX 1-dte
#SPX1dte Not trade until after the Fed announcement
I did put on paper trades for the IB and 5-pt wide IC strategies, this time with both 30-point and 40-point wings.
TQQQ YMAG HE SPCE MARA…
TQQQ YMAG HE SPCE MARA IWM QQQ NFLX XLE
#dividends
#shortputs
#creditspread
Sto TQQQ 2 FEB 24 51/48 PUT @.09
BOT YMAG @19.98 /small position
Sto HE 100 2 FEB 24 12.5 PUT @.09
Sto SPCE 2 FEB 24 2 PUT @.19
Sto MARA 2 FEB 24 15.5 PUT @.09
Sto IWM 100 2 FEB 24 186.5/182.5 PUT @.06
Sto QQQ 100 2 FEB 24 411.78/410 PUT @.08
Sto NFLX 2 FEB 24 540/537.5 PUT @.14
Sto XLE 2 FEB 24 81.5/79.5 PUT @.14
TQQQ YMAG HE SPCE MARA…
TQQQ YMAG HE SPCE MARA IWM QQQ NFLX XLE
#coveredcalls
#shortputs
#creditspread
Sto TQQQ 2 FEB 24 51/48 PUT @.09
BOT YMAG @19.98 /small position
Sto HE 100 2 FEB 24 12.5 PUT @.09
Sto SPCE 2 FEB 24 2 PUT @.19
Sto MARA 2 FEB 24 15.5 PUT @.09
Sto IWM 100 2 FEB 24 186.5/182.5 PUT @.06
Sto QQQ 100 2 FEB 24 411.78/410 PUT @.08
Sto NFLX 2 FEB 24 540/537.5 PUT @.14
Sto XLE 2 FEB 24 81.5/79.5 PUT @.14
SPYExpiration
SPY 01/30/2024 493.0 Calls
SPX
#SyntheticShortStock – Another.
Bought to Close SPX Jan 30 2024 4900.0 Puts @ .05 (Sold for 4.45 avg.)
Sold SPX Jan 31 2024 4905.0 Puts @ 9.65
BA UPS Puts
Sold 1 BA 02/02/2024 182.5/187.5 Bull Put Spread at $0.50
Paired with the Bear call spread sold yesterday
#Earnings
Sold 1 UPS 02/02/2024 139/144 Bull Put Spread at $0.54
#PostEarnings
#0dte At 12:05 $SPX STO…
At 12:05
$SPX STO 1/30 4930/4950 BECS at 4.90
At 12:48
$SPX BTC 1/30 4930/4950 BECS at 2.00 59% of max profit
SPX Trade 0 DTE
SPX trades 1/30
#SPX1dte Sold to Open $SPX Jan 30th 4860/4880-4955/4975 condors for 1.35, deltas -.08 +.08 IV 17.6%
Aggressive again on deltas… JOLT jobs report at 10am ET
#creditspread #coveredcalls #shortputs MARA,XLE,HE,MSFT,NFLX,QQQ STO…
MARA,XLE,HE,MSFT,NFLX,QQQ
#creditspread
#coveredcalls
#shortputs
STO MARA 2 FEB 24 16 PUT @.20
STO XLE 2 FEB 24 82/80 PUT @.29
STO HE 2 FEB 24 15 CALL @.04
STO MSFT 2 FEB 24 372.5/370 PUT @.12
STO NFLX 2 FEB 24 540/537.5 PUT @.17
STO QQQ 5 FEB 24 406/402 PUT @.13
TLT
#ShortPuts – Nice bounce to help with these rolls.
Rolled TLT Feb 16 2024 97.0 Puts to Mar 15 2024 97.0 Puts @ .45 credit (1.45 total now)
Rolled TLT Feb 16 2024 98.0 Puts to Mar 15 2024 98.0 Puts @ .35 credit (1.70 total now)
Rolled TLT Feb 16 2024 99.0 Puts to Mar 15 2024 99.0 Puts @ .23 credit (1.95 toal now)
Markets
Yields Tumble, Futures Soar After Treasury Unexpectedly Slashes Borrowing Estimates
And in three months, when the actual debt issuance comes in about $200BN higher, well… oops.
SPX Jan 29th
#SyntheticShortStock – No scalping today. Another round of put sales though.
Bought to Close SPX Jan 29 2024 4890.0 Puts @ .10 (sold for 21.05 and 48.90)
Sold SPX Jan 30 2024 4900.0 Puts @ 4.45 avg.
IWM Diagonal Call
Bought 1 IWM 02/02/2024 205.00 Call at $0.28
Sold 1 IWM 01/31/2024 200.00 Call at $0.60
#FedWeek
Matt 0 DTE ATM Trade
#0dte
At 10:41
$SPX STO 1/29 4890/4910 BUPS at 12.70
At 12:15
$SPX BTC 1/29 4890/4910 BUPS at 10.80 14.8% of max profit
IRBT Put
Sold 1 IRBT 02/02/2024 13.0 Put at $0.50
#CashCovered
BA MSFT GOOG TMO Spreads
Sold 1 BA 02/02/2024 232.5/222.5 Bear Call Spread at $0.50
Sold 1 MSFT 02/02/2024 450.0/440.0 Bear Call Spread at $0.50
Sold 1 GOOG 02/02/2024 170.0/165.0 Bear Call Spread at $0.50
Sold 1 TMO 02/02/2024 610.0/610.0 Bear Call Spread at $0.50
#Earnings
SPX trades 1/29
#SPX1dte Sold to Open $SPX Jan 29th 4835/4855-4925/4945 condors for 1.20, deltas -.09 +.07 IV 16.4%
A bit aggressive on deltas for what have been quiet Mondays lately.
TOOO,
Jan. 26, 45 puts expired. Sold at .46 cents.
Earnings 1/29 – 2/2
Please note the current week’s earnings calendar always available in the menu bar at top of this page.
Economic Calendar 1/29 – 2/2
Busy week with JOLT on Tuesday, FOMC decision on Wednesday, and Jobs report on Friday.
Please note the current week’s calendar always available in the menu bar at top of this page.
SPY Expiration
1 SPY 01/26/2024 489.00 Call
TSLA
#SyntheticStock – Roll down for a little more credit.
Rolled TSLA Feb 02 2024 192.5 Calls to Feb 02 2024 185.0 Calls @ 2.25 credit (4.30 total now)
XBI
#ShortPuts – March starter at the expected move and 200 day.
Sold XBI Mar 15 2024 80.0 Puts @ 1.12
Matt 0 DTE With Tasty Assist
#spx0dte
Tried it this morning
$SPX STO 1/26 4870/4900 BUPS at 7.10
Closed hour later at 4.70. 33% of max profit.
SPX Jan 26th
#BearCallSpreads – Massive expiration at the 4895 level for put sales. Throwing this above it for Mr. Market to take a look at.
Sold SPX Jan 26 2024 4915/4920 Bear Call Spreads @ 1.05
BA
#CoveredCalls – Earnings Wed morning.
Bought to Close BA Jan 26 2024 207.5 Call @ .16 (sold for 3.40)
Sold BA Feb 02 2024 200.0 Call @ 8.05
SPX trades 1/26
#SPX1dte Sold to Open $SPX Jan 26th 4825/4845-4935/4955 condors for 1.25, deltas -.08 +.05, IV 20.3%
Video on @matt311 SPX 0DTE Post
@matt0311 I think this is the video you were referencing. #TastyTrade #SPX0dte
Thanks for sharing it.
SPY Expiration
1 SPY 01/25/2024 489.00 Call
TSLA
#SyntheticStock – MInimized the big selloff with the deep in the money short calls.
Bought to Close TSLA Jan 26 2023 195.0 Calls @ .23 (sold for 18.45 and 31.90)
Another round:
Sold TSLA Feb 02 2024 192.5 Calls @ 2.05
ARK Funds – Is This Possible?
Almost all of their funds have large cost value and low current value. This is the genomic one.
TQQQ,
STO March 8, 50 puts at 1.57
FXI
#SyntheticStock – Sold FXI Feb 16 2024 23.5 Calls @ .42
SPX Jan 25th
#BearCallSpreads – Small position. Slightly offset by 4895 short puts for tomorrow.
Sold Jan 25 2024 4905/4910 Bear Call Spreads @ 1.10
SPX trades 1/25
#SPX1dte Sold to Open $SPX Jan 25th 4815/4835-4920/4940 condors for 1.00, deltas -.06 +.06, IV 18.15%
SPY
#creditputspread
#optionsexpiration
Jan 24 -457/453
SPY Expiration
1 SPY 01/24/2024 489.00 C all
TSLA
#SyntheticStock – Haven’t posted on this one lately. Just been cruising along with front month call in the money waiting on earnings. Added to it today.
Bought TSLA Jan 16 2026 220/220/175 Synthetic Stock @ 38.00
Sold TSLA Jan 26 2023 200.0 Call @ 14.80
SPX Jan 24th comparision #spx0dte…
SPX Jan 24th comparision
#spx0dte
I came across a Tastylive video where they looked into the success rate of Iron Flies with 30 points wide wings on 0 DTE SPX trades( i wish I could find that video again as it shows the rates for different profit targets very well). I am running some paper trades and so far they are looking very promising.
For example today: I followed Jeff’s trade and it is still running and meandering around the 50$ profit within a more and more volatile market. I also opened and Iron Fly with 4860/4890/4920 as a paper trade for 14.75 credit. My profit target for the Fly is between 7.5 to 10% of the credit received. I was able to close after just 35 minutes for the 7.5% target at13.50, adding 112 to my paper trade account. And that is how it was working for now about 8 trading days.
What I like:
- although 30 points width, your tail risk is lower, 1,800 to 1,900 on the IC vs 1,500 or less on the IF
- with a clear defined relatively low profit target (between 5 to 10%) your are out of a trade very quick.
Am I missing something?
SPX Jan 24th
#SyntheticShortStock – A few adjustments.
Bought to Close SPX Jan 26 2024 4855.0/4805.0 Bull Put Spread @ 5.25 (sold for 14.00)
———————————-
Sold SPX Jan 24 2024 4875.0 Put @ 5.00
Rolled SPX Jan 24 2024 4875.0 Put to Jan 24 2024 4890.0 Put @ 6.20 credit (11.20 total now)
———————————-
Rolled SPX Jan 24 2024 4865.0 Put to Jan 24 2024 4890.0 Put @ 8.70 credit (38.90 total now)
SPX Strategy
#spx0dte
At the open
$SPX STO 4915/4925 at .96
Closed at .15 ten minutes ago.
SPX trades 1/24
#SPX1dte Sold to Open $SPX Jan 24th 4825/4845-4925/4945 condors for .85, deltas -.07 +.05, IV 15.6%
SPX
#SyntheticShortStock – Added a second one another year out. 4 points per week for breakeven.
SPX Synthetic Short with protective call Dec 18 2026 4900/4900/5400 @ 116.00 debit
Sold SPX Jan 26 2024 4855.0/4805.0 Bull Put Spread @ 14.00 (I’ll be moving this to a regular short put tomorrow)
FXI
#CoveredCalls – Sold FXI Feb 02 2024 22.5 Calls @ .41
SPX Jan 23rd
#SyntheticShortStock #ShortPuts – Trying for a scalp against a 4865 short put against synthetic short stock.
Sold SPX Jan 23 2024 4870/4875 Bear Call Spreads @ 1.00
TQQQ,
STO March 15, 45 puts at 1.01
Bitcoin ETF
Added a tiny bit more of FBTC at $34.00
Avg cost now $37.33
Long Live The King??
Western Digital ($WDC) just replaced Nvidia ($NVDA) as Morgan Stanley’s Top Pick.
PS They still like $NVDA.
SPX trades 1/23
#SPX1dte Sold to Open $SPX Jan 23rd 4800/4820-4890/4910 condors for 1.30, deltas -.09 +.07, IV 16.5%
This is fairly tight and aggressive, so needs a quiet day to slip through.
SPX Expire
#spxcampaign
On the way up
$SPX STO 1/22 4900/4920 BECS @.40
On the way down
$SPX STO 1/22 4810/4790 BUPS @ .30
Both expired.
SPY
#ShortPuts – Taking 70 percent a month early.
Bought to Close SPY Feb 16 2024 460.0 Put @ .86 (sold for 3.16)
Bitcoin ETF
Added a tiny bit more IBIT at $23.00.
Avg cost now at $24.50
ADM Diagonal Put
Bought 1 ADM 02/16/2024 40.0 Put at $0.09
Sold 1 ADM 01/26/2024 50 Put at $0.42 for a $0.33 Credit for the first week.
Allows for 3 more writes against the long put before it expires.
#OnlySpreads
SPX Jan 22nd
#SyntheticShortStock #ShortPuts – Adding call spreads and rolling up short put for some protection.
Sold SPX Jan 22 2024 4865/4870 Bear Call Spreads @ 1.20
Rolled SPX Jan 22 2024 4855.0 Put to Jan 22 2024 4865 @ 5.95 credit (18.75 total now)
ADM
There must be a good options play here
“Why Food Processing Company Archer-Daniels-Midland Shares Are Sinking Today
Archer-Daniels-Midland Company (ADM.NaE) shares are trading lower after the company placed its CFO on administrative leave and updated its FY23 outlook on Sunday.
Also, the company has appointed Ismael Roig as its interim Chief Financial Officer.
The company placed Vikram Luthar on leave due to an investigation studying accounting practices and procedures related to its nutrition segment.
ADM’s investigation was initiated in response to the receipt of a voluntary document request by the U.S. Securities and Exchange Commission (SEC). ADM said it is cooperating with the SEC.
Terry Crews, Lead Director, said, “Pending the outcome of the investigation, the Board determined that it was advisable to place Mr. Luthar on administrative leave. The Board will continue to work in close coordination with ADM’s advisors to identify the best path forward and ensure ADM’s processes align with financial governance best practices.”
FY23 Outlook: The company now expects adjusted EPS of above $6.90 vs. consensus of $7.28.
Also, Archer-Daniels-Midland (ADM.NaE) expects to report fourth quarter and FY23 operating profit for its AS&O and Carbohydrate Solutions reporting segments in line with previous indications provided in the third quarter 2023 earnings call.
Due to the ongoing investigation, the company has withdrawn its outlook for the nutrition segment.
Also, Archer-Daniels-Midland (ADM.NaE) expects to delay its fourth-quarter earnings release and the filing of its Annual Report on Form 10-K.
Price Action: ADM shares are down 20.2% at $54.44 on the last check Monday.”
TQQQ,
I rolled my March 21 40 call position out to the June 50 call foor a credit of 5.55 this morning.
SPX
#SyntheticShortStock #ShortPuts – Small roll up.
Rolled SPX Jan 22 2024 4830.0 Put to Jan 22 2024 4855 @ 3.50 credit (12.80 total now)
SPX trades 1/22
#SPX1dte Sold to Open $SPX Jan 22nd 4790/4810-4895/4915 condors for 1.05, deltas -.07 +.06, IV 17.7%
Earnings 1/22 – 1/26
Economic calendar for 1/22 – 1/26
HE
#optionsexpiration
HE jan 19, 15 call sto .03
FXI
#OptionsExpiration – One expired.
FXI Jan 19 2024 24.0 Calls (sold for .38)
Options Bistro 