#ShortPuts – A few more. Taking 60 percent 5 weeks early.
Bought to Close XBI Mar 15 2024 80.0 Puts @ .41 (sold for 1.12 and 1.18)
Daily Archives: Friday, February 9, 2024
Earnings 2/12 – 2/16
Economic Calendar 2/12 – 2/16
CPI report on Tuesday could be a market mover
FBTC
Lightening up on my tiny position of this Bitcoin ETF.
Sold a bit at $42.01. Getting rid of my highest cost lot bought at $40.00.
VXX TSN MOS Cash covered Puts
Since fidelity froze my ability to do spreads:
Sold 1 VXX 02/16/2024 13.5 Put at $0.18
Sold 1 TSN 02/16/2024 51.0 Put at $0.15
Sold 1 MOS 02/16/2024 29.00 Put at $0.21
#FidelitySucks
XBI
#ShortPuts – Seems like one of the few things out there with decent premium that hasn’t gone to the moon yet.
Bought to Close XBI Feb 16 2024 80.0 Puts @ .03 (sold for .47)
SPX
#SyntheticShortStock – Playing with some slightly long deltas here now. Selling just outside the upper end of Monday’s expected move. Should be interesting. Should be easy to roll since it doesn’t feel like an implosion coming yet. If nothing else, roll ’em sideways for credits while protecting the upside a little.
Rolled SPX Feb 09 2024 4985.0 Put to Feb 12 2024 5050.0 Put @ 43.30 credit (51.95 total now)
Rolled SPX Feb 09 2024 4990.0 Put to Feb 12 2024 5050.0 Put @ 42.50 credit (53.70 total now)
Banner Info
Added Economic Calendar and Earnings Chart to banner on top. Nice job @jeff. Thanks for all you do,
And when you click on either one and scroll down you can play music. An oasis in the whirl of trading. 👍
Interesting?
Fed Rate
It was 11 rate hikes in less than two years for a total of 525 basis points. And since rates were coming from such a low base of 0.25%, the Fed effectively hiked rates 21-fold.
NVDA Call Roll
$NVDA BTC 2/9 700 call and STO 2/16 715 call at .95 credit and $15 more if called away
TLRY XLE
Sto TLRY /16 FEB 24,to 22 MAR 24,3 PUT @.04
Sto XLE 16 FEB 24, 82/81 PUT @.09
CVS Call
Bought to close 1 CVS 02/09/2024 76.0 Diagonal Call at $0.01.
Sold on 02/02 at $0.76.
Replaced it with 1 CVS 02/16/2024 77.5 Call at $0.16.
Bought to close 1 CVS 02/09/2024 77.0 Diagonal Call at $0.01.
Sold on 02/02 at $0.50
Replaced it with 1 CVS 02/16/2024 78.0 Call at $0.18.
TQQQ,
STO March 28, 55 puts at 2.21
The March 9, 42 puts will expire at zero today.
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 9th 4975/5005/5035 Iron Butterfly for 16.70, IV 19.3%
Small account alternative: 4970/5000-5005/5035 condor for 14.85.
Sold right after the open.
CPI revisions
Bloomberg TV talking about some CPI revisions coming in next few minutes, and given the monthly report is next week I’m going to wait until market has a chance to react before trading.
Options Bistro 