#SyntheticShortStock #ShortPuts – Last one today.
Bought to Close SPX Jan 19 2024 4805.0 Put @ .30 (sold for 31.40)
Sold SPX Jan 22 2024 4830.0 Put @ 9.30
Monthly Archives: January 2024
MELI roll
Again.
Rolled 2/16 1420 put up to 2/16 1590 put @ 10.63 credit. Total premium from all rolls is now 91.60, so breakeven now 1498.
BA
#JadeLizards – It’s rallied back to the 200 day so selling some call spreads against short 220 puts setting up some Jade Lizards.
Sold BA Feb 16 2024 220/225 Bear Call Spreads @ 1.70 (7.00 total on each Lizard)
SPX
#SyntheticShortStock #ShortPuts – Let’s see if the old ATH can hold as support now.
Rolled SPX Jan 19 2024 4805.0 Put to Jan 19 2024 4820.0 Put @ 2.40 credit (31.40 total now)
SPX all time high
#Market All time high just breached. The previous high of 4818.62 was hit on 1/4/22, so just over two years since we’ve been here.
CELH downgrade
Down over 10% this morning. Sold $CELH 2/16 48.33 puts @ 1.29.
SPX
#SyntheticShortStock #ShortPuts – Adjusting keeping the deltas fairly flat.
Rolled SPX Jan 19 2024 4790.0 Put to Jan 19 2024 4805.0 Put @ 6.10 credit (29.00 total now)
SMCI
Wow.
TQQQ,
STO MArch 1, 43 puts at .78
TQQQ, Adding to my short
STO FEB. 9, 42 puts at .27
STO FEB, 16, 41 puts at .34
SPX
#SyntheticShortStock #ShortPuts – Adjusting keeping the deltas fairly flat.
Rolled SPX Jan 19 2024 4775.0 Put to Jan 19 2024 4790.0 Put @ 5.60 credit (22.90 total now)
SPX trades 1/19
#SPX1dte Sold to Open $SPX Jan 19th 4750/4730 put spreads for .50, delta -.08, IV 20.6%
I will be able to see my long Jan 19th 4845/4865 call spreads for at least some profit today. Looking for another spike up to sell first half. I will also look to sell a higher call spread at that point.
VXX Long Term Put
Bought VXX Jan 17 2025 5.0 Puts at $0.10.
I expect to hold these through the next reverse split
SPY Expirations
1 SPY 01/18/2024 470.00 Put
1 SPY 01/18/2024 471.00 Put
SPY 01/18/2024 472.00 Puts
SPX
#SyntheticShortStock #ShortPuts – Adjusting for tomorrow.
Rolled SPX Jan 19 2024 4760.0 Put to Jan 19 2024 4775.0 Put @ 5.75 credit (17.30 total now)
CVX
Added some CVX at $140.00. Div = 4.22%
#SP500 #FallingKnife
Bitcoin ETFs
Added a tiny bit of FBTC at $36.00
Added a tiny bit of IBIT at $24.00
Closing ULTA
Bought to close $ULTA Feb 2 500/510 bear call spread @ .60, taking position off for 70% of the available profit. Sold for 2.00 on 12/22.
SPY Expiration 1/17
1 SPY 473 Call
SPY 471 Puts
SPX trades 1/18
#SPX1dte Sold to Open $SPX Jan 18th 4690/4710-4790/4810 condors for 1.40, deltas -.08 +.08, IV 18.6%
SPX Trade
#0dte
On the way down this morning
$SPX STO 1/17 4700/4680 at .99. The .05 buy back was hit.
XBI
#ShortPuts – Adding.
Sold XBI Feb 16 2024 81.0 Puts @ .90
SPX
#SyntheticShortStock – I’ve been paper trading this for the last month and like the possibilities so finally did it for real last Friday. Didn’t post because it could be risky. It’s a long term short, selling daily (or rolling) against it. Planning to make the money on the back end since max risk is pretty easy to recover quickly….unless a massive selloff turns it very profitable I’ll try to hold it. Might eventually add a long term long to it and sell daily against both sides.
SPX Synthetic Short with protective call Dec 19 2025 4800/4800/5300 @ 51.05 debit
Sold SPX Jan 16 2024 4770.0 Put @ 9.00
Then:
Rolled SPX Jan 16 2024 4770.0 Put to Jan 17 2024 4765.0 Put @ 2.55 credit (11.55 total now)
SPY
#ShortPuts – Take a shot at the 50 day.
Sold SPY Feb 16 2024 460.0 Put @ 3.16
BA
#ShortPuts – A couple rolls.
Rolled BA Jan 19 2024 220.0 Put to Feb 16 2024 220.0 Put @ 2.35 credit (5.75 total now)
Rolled BA Jan 26 2024 220.0 Put to Feb 16 2024 220.0 Put @ 1.80 credit (4.80 total now)
BA
#ShortPuts #CoveredCalls – Early assignment on this:
Sold BA Feb 02 2024 240.0/230.0 Bull Put Spread @ 6.00
So:
Sold to Close BA Feb 02 2024 230.0 Put @ 26.10
Stock basis after assignment is 207.90 so covering it.
Sold BA Jan 26 2024 207.5 Call @ 3.40
3 point gain if called away. Earnings on the 31st so more good premium there.
#YMAX BTO small position to…
#YMAX
BTO small position to open
#MARA #shortputs BTC JAN 19,…
#MARA
#shortputs
BTC JAN 19, 16 AND 17 mara puts/@ .12 and .32
had sto 7.03and 6.12 plus some rolling credits.
still hanging on to a 17 put that expires in March
#kickthecan
SPX trades 1/17
#SPX1dte Sold to Open $SPX Jan 17th 4680/4700-4790/4810 condors for 1.05, deltas -.06 +.06, IV 20%
SPY Expiration
1 SPY Jan 16 2024 472.00 Put
Taking profits on ARM
With the expiration coming up on Friday and the stock around 68.50 and drifting down over the last week I took the position off for a profit and taking the risk off.
Bought to close $ARM Jan 19 67 puts @ .67. With a previous rollup total premium taken in was 2.38. Overall profit 1.71.
TQQQSTO February16, 41 puts at…
TQQQSTO February16, 41 puts at .52
TQQQ,
STO February 9, 42 puts at .50 cents
Another Existential Threat?
“It’s an existential threat to the food industry and certainly an existential threat to the processed food industry.”
— Marion Nestle, an emeritus professor of nutrition, food studies and public health at New York University, on how popular weight loss drugs like Ozempic could upend the marketing of snack foods in America.
Nestle is the very best … chocolate. Hmmmmmm?
Bitcoin ETFs
Added a tiny bit of FBTC at $37.00
SPX trades 1/16
#SPX1dte STOPPED Bought to close $SPX Jan 16th 4730/4710 put spreads for 1.70. Condors sold Friday for 1.05.
May be only second or third time I have ever gotten up two hours early because I rolled over in bed to check futures on my phone. Last January being down 27 points on SPX was not a worry, but with this year’s tighter spreads it is the stopping point. Stop was touched soon after midnight PT.
I’ll be back at normal waking hours to look for a new condor sale.
Earnings 1/15-1/19
Economic Calendar 1/15 – 1/19
BOIL
Stay warm everyone and get ready to load up on the BOIL call spread sales! LOL
According to Bloomberg, cold weather has skyrocketed spot prices at the US Henry Hub in Louisiana by 300% to as high as $17 per million British thermal units. That compared to $3.31 for the Feb NatGas contract on Friday.
The catalyst for soaring spot prices is the mounting risk of so-called freeze-offs, which can bring NatGas production offline, thus curbing supplies.
https://www.zerohedge.com/commodities/polar-blast-sends-power-prices-soaring-spot-natgas-ripping-and-risk-freeze-offs
SPY Expiration
SPY 480 and 477 Calls
SPY 473 Put
Bitcoin
For what it’s worth…according to Sosnoff a lot of the early volume is internal trading to make themselves look good. Not all of these will survive.
SPX 1dte
#SPX1dte Sold to Open $SPX Jan 16th 4710/4730-4840/4860 condors for 1.05, deltas -.07 +.06, IV 7.3%
Bitcoin ETFs
Dipping my little toe in
Bought a tiny bit of FBTC at $40, $39 and $38.00.
Scaling in slowly
Bought a tiny bit of IBIT at $26 and $25.
Options should be available eventually.
SPX trades 1/12
#SPX1dte Sold to Open $SPX Jan 12th 4710/4730-4820/4840 condors for 1.10, deltas -.06 +.07, IV 20.6%
Rolling UPST
With the short puts pretty well in the money, I decided to play a bounce at the 50 DMA and roll $UPST Jan 19 40 puts out to Feb 16 40 puts @ 2.22 credit, total premium taken in with this roll is 4.60.
Rolling COIN iron condor
With the stock breaching the short put strike, I rolled $COIN Jan 19 135/145/230/240 iron condor out to Feb 16 120/130/165/175 iron condor @ .36 credit.
Original trade from 12/29.
XBI
#ShortPuts – Adding.
Sold XBI Feb 16 2024 82.0 Puts @ .90
TQQQ,
STO, Feb. 23, 40 puts at .71
TQQQ,
STO February 2, 43 puts at .44
SPX trades 1/11
#SPX1dte Right after the data release, sold to open $SPX Jan 11th 4720/4700 put spreads for .80, delta -.07, IV 24.9%.
Inflation hotter than expected, which means my long call spreads may be doomed.
More Earnings Coming
BA
#BullPutSpreads – Short puts looking good so taking a more directional shot for earnings week. Might close it prior if it keeps running.
Sold BA Feb 02 2024 240.0/230.0 Bull Put Spread @ 6.00
XBI
#ShortPuts – Starter in Feb. at the 200 day. Come and get ’em!
Sold XBI Feb 16 2024 80.0 Puts @ .47
SPX trades 1/10
#SPX1dte Sold to Open $SPX Jan 10th 4700/4720-4790/4810 condors for 1.20, deltas -.08 +.07, IV 16.9%
XBI
#ShortPuts – Taking them a week early.
Bought to Close XBI Jan 19 2024 82.0 Puts @ .02 (sold for .94)
Bought to Close XBI Jan 19 2024 83.0 Put @ .03 (sold for 1.14)
Bought to Close XBI Jan 19 2024 84.0 Put @ .04 (sold for 1.43)
SPY
#ShortPuts – Finishing up legging out of some bear put spreads. Closed the long side on the dip and taking the short side now on the bounce.
Bought to Close SPY Jan 17 2025 425.0 Puts @ 11.70 (sold for 14.90…which includes the gain on the long side)
TQQQ,
STO January 19, 45 puts at .39
TQQQ,
STO January 19, 48 puts at 1.25
SPX trades 1/9
#SPX1dte. Whipsaw week so far. Stopped out before the open on put side for 2.70.
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 9th 4700/4720-4805/4825 condors for .95, deltas -.07 +.04, IV 11%
SNOW Rollout
Rolled $SNOW Jan 19 190 puts out to Feb 16 190 puts @ 4.24 credit. Total premium now 29.23 on the put sales and rolls so if I’m assigned at 190 my basis will be around 161.
SPY
#ShortPuts – Was selling these against bear put spreads. Out of those so bailing on this while I have a chance.
Bought to Close SPY Jan 12 2024 470.0 Puts @ 2.12 (sold for 1.90)
TLT
#ShortPuts – Nice bounce today so good day for some rolls.
Rolled TLT Jan 19 2024 97.5 Puts to Feb 16 2024 97.0 Puts @ .69 credit (1.29 total now)
Rolled TLT Jan 19 2024 98.0 Puts to Feb 16 2024 98.0 Puts @ .93 credit (1.65 total now)
Rolled TLT Jan 19 2024 98.5 Puts to Feb 16 2024 97.0 Puts @ even (.72 total now)
Rolled TLT Jan 19 2024 99.0 Puts to Feb 16 2024 98.0 Puts @ .18 credit (.85 total now)
Rolled TLT Jan 19 2024 99.5 Puts to Feb 16 2024 99.0 Puts @ .39 credit (1.69 total now)
BA
#ShortPuts – Couldn’t resist.
Sold BA Jan 19 2024 220.0 Put @ 3.40
Earnings season Starts
SPX trades 1/8
#SPX1dte Sold to Open $SPX 4645/4660-4740/4755 condors for .80, deltas -.06 +.05, IV 17.7%
This is 15-wide wings, not my usual 20. For some reason I got “invalid order” when I tried it with the 4640 & 4760 long options, so perhaps one of them isn’t offered. Due to the lower risk with 150wide, I increased my position size by about a third.
@)@# Looks Bad If You Have Caps On And Type 2023
Last years performance not great
Buy Calls 50 trades Lost money (Stop buying calls)
Sell Calls 300 trades lost money (bad rolls – know when to fold them)
Sell Puts 223 trades made money offsetting all of the above (Think Mike, what does that tell you)
BUCS 64 trades Lost money
BUPS 65 trades Made money offsetting BUCS
BECS 53 Trades Made money
$SPX Strategy
BUPS 159 trades Lost money. Lesson learned. Trade these and stay close to your trading device.
BECS 136 trades Made money offsetting half of the BUPS loss above.
Thanks to everyone who makes this community a great learning experience.
Make 2024 the BEST ever.
Expiration
#optionsexpiration
$AI 32 call
$AI 30 put
SPY Expiration Friday
SPY Jan 03 2024 473 Calls
SPY Jan 05 2024 472 Calls
#OnlySpreads
Economic Calendar 1/8 – 1/12
CPI Report Thursday
Bond Auctions Wednesday & Thursday
SPX trades 1/5
#SPX1dte Waited for 30 minutes after Jobs report…
Sold to Open $SPX Jan 5th 4620/4640-4735/4755 condors for 1.05, deltas -.06 +.06, IV 22.1%
December Jobs Report
#Jobs — Higher than expected.
Gain of +216,000 non-farm payroll jobs, vs. expected gain of 175K
Unemployment unchanged at 3.7%
U6 unemployment 7.1%, up by 0.1
Labor force participation at 62.5%, down by 0.3
Average hourly earnings up by 0.4%; 4.1% increase over the year
October jobs revised down by -45K to +105K
November jobs revised down by -26K to 173K
MARA
#ShortPuts – Taking 60 percent a couple weeks early.
Bought to Close MARA Jan 19 2024 17.5 Puts @ .32 (sold for .82)
SPX trades 1/4
#SPX1dte Sold to Open $SPX Jan 5th (next day) 4625/4645-4780/4800 condors for 1.00, deltas -.05 +.05, IV 15.5%
Today’s condor nicely centered and should expire. This new one is for tomorrow… there is the Jobs report in the morning, but I’m getting a nice width here so I’m comfortable.
SPY Expiration
1 SPY Jan 03 2024 469 Call
1 SPY Jan 03 2024 471 Call
Options Bistro 