geewhiz112 1:01 pm on Monday, January 22, 2024
Tags: SPXcampaign ( 2,265 )

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.

fuzzballl 12:28 pm on Monday, January 22, 2024
Tags: ShortPuts ( 4,763 )

SPY

#ShortPuts – Taking 70 percent a month early.

Bought to Close SPY Feb 16 2024 460.0 Put @ .86 (sold for 3.16)

Option Iceman 12:00 pm on Monday, January 22, 2024

Bitcoin ETF

Added a tiny bit more IBIT at $23.00.
Avg cost now at $24.50

Option Iceman 11:21 am on Monday, January 22, 2024
Tags: OnlySpreads ( 521 )

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

fuzzballl 9:54 am on Monday, January 22, 2024
Tags: ShortPuts ( 4,763 ), SyntheticShortStock ( 108 )

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)

Option Iceman 9:28 am on Monday, January 22, 2024

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.”