Sold 1 SPY 03/11/2024 523/518 Bear Call Spread at $0.44 Credit
The short side is 10 points out of the money and the all time high on SPY is 510.13
Monthly Archives: February 2024
SPY Expiration
1 SPY 02/29/2024 501 Put
1 SPY 02/29/2024 503 Put
1 SPY 02/29/2024 518/511 Bear Call Spread
SPY 1-dte
Sold 1 SPY 03/01/2024 513.00 Call at $0.23
My 513/500 strangle for tomorrow has a premium of $0.56
SNOW
#JadeLizards – Sacrificing the upside for more downside help. Sold another call spread just below my short put. I’ll risk the 30 cents on a rally for a lower breakeven if it continues dropping.
Sold SNOW Mar 15 2024 185/190 Besr Call Spreads @ 2.10 credit.
Position is now 190 short put against 185/190 call spread. 4.70 total credit. Max loss .30 to the upside and breakeven 185.30 to the downside.
Not something I really want to mess with long term.
BA
#CoveredCalls – Out and up.
Rolled BA Mar 01 2024 195.0 Calls to Mar 15 2024 197.5 Calls @ .35 debit (5.50 total now)
LABU
Bought to close 1 LABU 03/01/2024 195/190 Bear Call Spread at $0.01
Sold on Tuesday at $0.73
SPX
#SyntheticShortStock – A clean sweep. Straight rolls the entire week. I could hold out for more but a last hour rally would cost me premium and possibly a higher strike sale tomorrow. Dips during last 90 minutes of the day seem to work pretty good.
Rolled SPX Feb 29 2024 5075.0 Puts to Mar 1 2024 5075.0 Puts @ 8.50 credit (38.95 total now)
SPY Diagonal Put
Bought 1 SPY 03/05/2024 495.00 Put / Sold 1 SPY 03/04/2024 500.00 Put at $0.16 Credit
VXX UVXY Covered Calls
Sold VXX 03/01/2024 14.00 Calls at $0.12
Sold UVXY 03/01/2024 7.00 Calls at $0.12
I can always roll them.
SPX Tasty Iron Flies
#spx1dte
SOLD yesterday at 3:30
$SPX STO 2/29 5035/5065/5095 at 20.00
Closed at 11:00
$SPX BTC 2/29 5035/5065/5095 at 18.00. 10% of max profit
Sold today at open
$SPX STO 2/29 5050/5080/5110 at 19.44
Closed at 10:45
$SPX BTC 2/29 5050/5080/5110 at 15.50. 20% of max profit
SPY 0-dte
Sold 1 SPY 02/29/2024 511.00 Call at $0.29
TQQQ,
BTO, April 19, 55 calls at 7.40, adding to my position.
SPX 0-dte trades 2/29/24
#SPX0dte After the open, sold to open $SPX Feb 29th 5065/5095/5125 Iron Butterflys for 18.00, IV 20.93%
Small accounts: 5060/5090-5095/5125 condors for 16.35.
SPX #spx0dte I am waiting…
SPX
#spx0dte
I am waiting a bit due to the high EM numbers.
SPY Expiration
1 SPY 02/28/2024 510.00 Call sold yesterday at $0.37
SNOW Earnings
#ShortPuts – Jade Lizards.
Sold SNOW Mar 15 2024 190.0/242.5/245.0 Jade Lizards @ 2.60
BOIL Calls
Bought BOIL 03/08/2024 24.00 Calls / Sold BOIL 03/01/2024 19.50 Calls at $0.12 Credit
SPY Put
Bought 1 SPY 03/01/2024 495.00 Put / Sold 1 SPY 02/29/2024 501.00 Put at $0.15 Credit
SPX
#SyntheticShortStock – Sideways week so another straight roll today.
Rolled SPX Feb 28 2024 5075.0 Puts to Feb 29 2024 5075.0 Puts @ 8.80 credit (30.45 total now)
LOW Spread closed
Bought to close 1 LOW 03/01/2024 212.50/217.50 Bull Put Spread at $0.01.
Sold on Monday prior to earnings at $0.39
Bitcoin ETF
Sold one more lot of FBTC at $55.01 . 10% above where I sold yesterday.
Bought at $36.00
AZO CEG Call Spreads
Sold 1 AZO 03/15/2024 3250/3200 Bear Call Spread at $1.80 Credit
Sold 1 CEG 03/15/2024 175/170 Bear Call Spread at $0.65 Credit
SPX 0-dte trades 2/28/24
#SPX0dte Sold to Open $SPX 5040/5070/5100 Iron Butterflys for 15.95, IV 16.34%
Small accounts: 5035/5065-5070/5100 for 13.90.
Overnight test: IC centered at 5075-5080 sold for 15.50, was up to 16.75 earlier but is now in profit since SPX has risen closer to the center.
SPY Expiration
1 SPY 495/503 Bull Put Spread
LABU
Massive move today
Sold 1 LABU 03/01/2024 195/190 Bear Call Spread at $0.73
BOIL NCLH Call Spreads
Sold BOIL 03/01/2024 23/19 Bear Call Spreads at $0.15 Credit
Sold 1 NCLH 03/01/2024 22/20 Bear Call Spread at $0.13 Credit
Post-earnings
SPX
#SyntheticShortStock – Another straight roll today.
Rolled SPX Feb 27 2024 5075.0 Puts to Feb 28 2024 5075.0 Puts @ 7.60 credit (21.65 total now)
SMCI
#ShortPuts – Taking half six weeks early.
Bought to Close SMCI Apr 19 2024 360.0 Put @ 1.70 (sold for 3.40)
SPY Diagonal Call
Bought 1 SPY 02/29/2024 518.00 Call at $0.04
Sold 1 SPY 02/28/2024 510.00 Call at $0.37 for a $0.33 Credit
#OnlySpreads
Bitcoin ETFs
Sold a tiny bit more of FBTC at $50.01
Bought at $36.00
Sold a tiny bit more of IBIT at $32.55
Bought at $24.00
Only a tiny bit left in each
TQQQ
BTC March 1, 45 puts at .01, sold at .21
SPX 0-dte trades 2/27/24
#SPX0dte Sold to Open $SPX Feb 27th 5045/5075/5105 Iron Butterflys for 16.55, IV 16.57%
Small accounts: 5040/5070-5075/5105 condors for 14.65.
NOTE: I placed similar PAPER positions at the close last night (the IB was 5 points lower), and since we are little changed from yesterday’s close, the IB gained 1.50 on the IC about 1.75. My day could be over before the open had these been my real trades. I’m going to be testing night-before paper trades for future consideration.
SPY Put
Sold 1 SPY 02/27/2024 503.0 Diagonal Put at $0.24
SPX
#SyntheticShortStock – Straight roll today.
Rolled SPX Feb 26 2024 5075.0 Puts to Feb 27 2024 5075.0 Puts @ 8.50 credit (14.05 total now)
SPY Expiration
1 SPY 02/26/2024 520/510 Bear Call Spread
1 SPY 02/26/2024 490/505 Bull Put Spread
BRK/B and LOW Put Spreads
Sold 1 BRK/B 03/01/2024 390/400 Bull Put Spread at $0.49 Credit
Sold 1 LOW 03/01/2024 212.50/217.50 Bull Put Spread at $0.39 Credit
SPY Strangle 0dte
Sold 1 SPY 02/26/2024 510.0 Call at $0.36
Sold 1 SPY 02/26/2024 505.0 Put at $0.18
Total Strangle Premium of $0.54
Fed Heads Everywhere!
Can someone explain why this is needed and what purpose it serves? LOL!
TJX UPS CHTR Put Spreads
Sold 1 TJX 03/01/2024 90/95 Bull Put Spread at $0.48 Credit
Sold 1 UPS 03/01/2024 139/143 Bull Put Spread at $0.22 Credit
Sold 1 CHTR 03/01/2024 267.50/272.50 Bull Put Spread at $0.35 Credit
Bitcoin UP, Gold Down
Sold a tiny bit more of FBTC at $47.01
Bought at $38.00
Added a tiny bit of NEM at $30.00
Earnings this week
TQQQ,
STO, April 5, 50 puts at .82
TQQQ,
BTC March 1, 43 puts at .01, sold at .78
Morning Buffet Thought
“For whatever reasons, markets now exhibit far more casino-like behavior than they did when I was young. The casino now resides in many homes and daily tempts the occupants.”
Resist temptation. Respect the downside!
SPX trades 2/26/24
#SPX0dte Sold to Open $SPX 5060/5090/5120 Iron Butteflys for 16.20, IV 16.3%
Small accounts: 5055/5085-5090/5120 condors for 14.35.
Economic Calendar 2/26 – 3/1
Q4 GDP on Wednesday morning.
Some key inflation data on Thursday morning.
SPY Expiration
Sold 1 SPY 02/23/2024 512.0 Diagonal Call
Sold 1 SPY 02/23/2024 506.0 Diagonal Put
QQQ TQQQ NFLX MSFT META MSTR HE MARA
META
STO META ) 1 MAR 2024 450/445 PUT @.14
Closing the last NVDA position
Bought to close 1 NVDA 02/23/2024 845/825 Bear Call Spread at $0.01
SCHD VTRS Stock
Sold a tiny bit of SCHWAB US DIVIDEND EQUITY ETF at a new high of $78.02.
Bought at $68.00
Sold 1 small portion of my VTRS at $13.62
Bought at $12.50
ADM Covered Call Roll
Bought to close 1 ADM 02/23/2024 57.0 Call at $0.04. Originally sold at $0.25
Sold 1 ADM 03/08/2024 57.0 Covered Call at $0.42
TQQQ,
BTO April 19, 55 calls at 7.75
SPX 0DTE
#spx0dte
At the open
$SPX STO 2/23 5055/5085/5120 iron fly at 20.75 Typo made the call wing 5 longer
aAt 10:55
$SPX BTC 2/23 5055/5085/5120 iron fly at 18.25 10% profit.
Looked like a loss first hour. If it was still on, profit would now be 1.45 higher. But 10% is a good trade
SPY Strangle 0dte
Sold 1 SPY 02/23/2024 512.0 Diagonal Call at $0.22
Sold 1 SPY 02/23/2024 506.0 Diagonal Put at $0.14
Total Strangle premium of $0.36
Closing NVDA META Calls and CHTR Puts
Bought to close 1 NVDA 910/900 Bear Call Spread at $0.01
Bought to close 1 META 540/505 Bear Call Spread at $0.01
Bought to close 1 CHTR 265/280 Bull Put Spread at $0.01
BA
#CoveredCalls – Another round.
Bought to Close BA Feb 23 2024 200.0 Calls @ .65 (sold for 5.00)
Sold BA Mar 01 2024 195.0 Calls @ 5.85
SPX
#SyntheticShortStock – Might be a little early but I’ll take the extra day of theta.
Bought to Close SPX Feb 23 2024 5055.0 Puts @ .55 (sold for 20.40 and 20.50)
Sold SPX Feb 26 2024 5075.0 Puts @ 5.55
Closing PANW SMCI Puts and BOIL Calls
Bought to close 1 PANW 230/240 Bull Put Spread at $0.01
Bought to close 1 SMCI 500/510 Bull Put Spread at $0.01
Bought to Close 1 BOIL 21/19 Bear Call Spread at $0.01
TQQQ,
Yesterday, STO MArch 28, 50 puts at .75
Today the Feb. 23, 40 puts will expire at zero
I don’t remember if I posted but I sold the June 45 puts at 2.66 this week.
SPY Expiration
1 SPY 470/480 Bull Put Spread
1 SPY 469/479 Bull Put Spread
1 SPY 485 Diagonal Put
1 SPY 508 Diagonal Call
1 SPY 509 Diagonal Call
XBI
#ShortPuts – Bought to Close XBI Mar 15 2024 82.0 Puts @ .18 (sold for .80)
SPX
#SyntheticShortStock – Rolling up to the bottom of tomorrow’s expected move.
Rolled SPX Feb 23 2024 5040.0 Puts to Feb 23 2024 5055.0 Puts @ 2.30 credit (20.40 and 20.50 now)
FXI
#BullPutSpreads – Been in a lot of more active FXI positions recently. Out of all of them at even. Throwing this out there to just sit and watch. Half size so might add on a dip back closer to the 50 day. Very directional bull put spreads.
Sold FXI Aug 16 2024 30/25 Bull Put Spreads @ 3.90
PANW
#ShortPuts – Bought to Close PANW Mar 15 2024 245.0 Put @ 1.30 (sold for 3.00)
NVDA HA
BOT VERTICAL NVDA 23 FEB 2024 555/550 PUT @.01/sto .30
BOT VERTICAL NVDA 23 FEB 2024 590/585 PUT @.01/sto.34
Sto HE 1 MAR 2024 12 PUT @.11
NVDA Puts
Bought to close 1 NVDA 02/23/2024 600.00 Put at $0.01 with a GTC order on the open.
Five minutes later I sold the long side, 1 NVDA 02/23/2024 590.00 Put at $0.07 so I made a bit more on the spread than I thought I would
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 22nd 5020/5050/5080 Iron Butterflys for 18.70, IV 21.45%
Small accounts: 5020/5050-5055/5085 condors for 16.85
Waited until after weekly jobs data, but still some economic data coming after the open. I leaned a few points bullish on this, but with the strong overnight trend this one could be a bit touchy if the strength continues after the open.
NVDA
SPY Expiration
I’m certain of these at least
1 SPY 470/480 Bull Put Spread
1 SPY 469/479 Bull Put Spread
1 SPY 491 Diagonal Put
SPY Late Fills
Sold SPY 02/22/2024 499.0 Diagonal Calls at $0.26 and $0.28
Buyers anticipating an NVDA blowout as these are almost 2 points out of the money with 5 minutes until the close.
Also Sold 1 SPY 02/22/2024 505/500.0 Bear Call Spread at $0.13 Credit (one minute before the close)
SPX 0-dte study
#SPX0dte I did a mini-study today to back test WAITING UNTIL EXPIRATION . I went from April 5, 2021, which was the first day we breached SPX 4000, to 2/13/24. I tested the IB with 30-pt wings. Premium taken in of $16 each day.
Total trading days:721
Total wins: 276, $2,370
Total losses: 445, -$5,147
So, definitely not looking beneficial over long term to wait until the close. I suspected this, but wanted to make sure. If we increased premium to $17 or $18 we’d get closer to even but I still think it would be a loss.
PANW SMCI BOIL NVDA Spreads
Sold 1 PANW 02/23/2024 225/235 Bull Put Spread at $0.19 Credit
Sold 1 SMCI 02/23/2024 400/410 Bull Put Spread at $0.20 Credit
Sold 1 BOIL 02/23/2024 21/19 Bear Call Spread at $0.14 Credit
Sold 1 NVDA 02/23/2024 910/900 Bear Call Spread at $0.13 Credit
#OnlySpreads
SPY 0dte
Sold 1 SPY 02/21/2024 491.00 Put at $0.18
Sold 1 SPY 02/21/2024 498.00 Call at $0.40
Prior to NVDA #Earnings the range today on SPY has been about 2 points
PANW
#ShortPuts – Sold PANW Mar 15 2024 245.0 Put @ 3.00
Options Bistro 