Sold 1 PANW 02/23/2024 230/240 Bull Put Spread at @ $.0.27 Credit
Sold 1 UPS 03/01/2024 155/150 Bear Call Spread at $0.47 Credit
Paired with the Bull Put Spread sold Tuesday
#OnlySpreads
Monthly Archives: February 2024
Closing TTD
Taking 70% of the available profit on this quick trade. Bought to close $TTD Mar 15 95/100 bear call spread @ .27. Sold for .90 on Feb 16.
SPX 0-dte 2/21/24
#SPX0dte Sold to Open $SPX Feb 21st 4930/4960/4990 #IronButterfly for 18.95, IV 20.1%
Small accounts: 4925/4955-4960/4990 condors for 17.40
Sold a bit earlier than normal so risking premarket moves, with intention of benefitting from premarket volatility drop.
NVDA FBY IWMY YMAX AMDY
#onlyspreads
Sto NVDA 23 FEB 2024/ 555/550 PUT @.30
#smallbuy
BOT FBY @22.53
BOT IWMY @17.89
BOT YMAX @20.10
BOT AMDY @20.87
Tuesday’s Spreads
Sold 1 WHR 02/23/2024 100/105 Bull Put Spread at $0.45 Credit
Sold 1 NVDA 02/23/2024 590/600 Bull Put Spread at $0.81 Credit
Sold 1 CHTR 02/23/2024 265/280 Bull Put Spread at $0.58 Credit
Sold 1 BIIB 02/23/2024 205/215 Bull Put Spread at $1.30 Credit
Sold 1 UPS 02/23/2024 130/144 Bull Put Spread at $0.29 Credit
Sold 1 SMCI 02/23/2024 500/510 Bull Put Spread at $0.60 Credit
Sold 1 META 02/23/2024 530/500 Bear Call Spread at $0.65 Credit
#OnlySpreads
SPY Expiration
1 SPY 470/480 Bull Put Spread
1 SPY 469/479 Bull Put Spread
No short Calls coming due for the next few days
SPX
#SyntheticShortStock – See if we get a bounce by end of week before I look further out and down.
Rolled SPX Feb 20 2024 5040.0 Puts to Feb 23 2024 5040.0 Puts @ 2.80 and 3.00 credit (18.20 and 18.10 total now)
SPX 0-dte 2/20/24
#SPX0dte Sold to Open $SPX Feb 20th 4960/4990/5020 #IronButterfly for 16.85, IV 18.6%
Small accounts: 4960/4990-4995/5025 condors for 14.85.
Earnings 2/19 – 2/23
Economic Calendar 2/19 – 2/23
TQQQ,
STO April 19, 45 puts at 1.10
SPX
#SyntheticShortStock – Another round.
Bought to Close SPX Feb 16 2024 5015.0 Puts @ .70 (sold for 10.70)
Sold SPX Feb 20 2024 5040.0 Puts @ 15.25
Tasty Trade 0-dte videos
I have added a hashtag: #TastyTrade to the last three posts that include videos on the subject of 0-dte trades. You can see them by clicking on that hashtag or by entering it in the search box in the right-hand column. I’m also updating the “Hashtag Strategies” in the menu bar at the top of the page.
NFLX MARA
#onlyspreads
Sto NFLX 23 FEB 2024 552.5/550 PUT @.10
#shortputs
Sto MARA 15 MAR 2024 18 PUT @.52
TQQQ,
STC March 15, 50 calls at 9.60 and my cost basis was 9.43 on the position. This is a long weekend and the inflation number was not good so decided to take my profit and run.
SMCI
#ShortPuts – I can’t resist…but I almost feel like I’m stepping in front of a Gamestop implosion. LOL Selling waaay down around the moving averages and nearly two times the expected move. Also prior to earnings.
Sold SMCI Apr 19 2024 360.0 Put @ 3.40
MSTR HE
#onlyspreads
STO MSTR 23 FEB 2024 590/585 PUT @.30
STO MSTR 23 FEB 2024 590/585 PUT @.29
STO HE 23 FEB 2024 12 PUT @.11
SPX 0-dte 2/16/24
#SPX0dte Sold to Open $SPX 4995/5025/5055 #IronButterfly for 17.845
Small accounts: Sold 4990/5020-5025/5055 condors for 16.20.
Sorry I forgot to press “Post” on this but the trade was placed at 6:37am
$TTD
After the post-earnings pop at the open, the stock has backed off its highs and is in the low part of the range. Selling a call spread with the short strike above today’s high. Sold $TTD Mar 15 95/100 bear call spread @ .90.
TQQQ,
STO, April 19, 45 puts at 1.10
The 41 puts that I sold will expire today.
The Bistro Hall of Revolving Presidents
Back by popular demand, in observance of Presidents’ Day (and trading holiday) on Monday, it’s the Hall of Revolving Presidents. Click “Home/Refresh” or refresh your browser to change the featured President.
SPX
#SyntheticShortStock – Bringing these back in to the dailys and getting a little less directional.
Bought to Close SPX Feb 23 2024 5045.0 Puts @ 40.90 (Sold for 57.60 and 59.35)
Sold SPX Feb 16 2024 5015.0 Puts @ 10.70
SPY Call
Rolled today’s 501 Call to the 502 Call for tomorrow for a decent Credit
TSLA
#SyntheticStock – Roll up and out on the bounce.
Rolled TSLA Feb 16 2024 185.0 Calls to Mar 15 2024 195.0 Calls @ 1.50 debit (3.25 total now)
TLT
#ShortPuts – One fill on some rolls.
Rolled TLT Mar 15 2024 98.0 Puts to Apr 19 2024 98.0 Puts @ .35 credit (2.00 total now)
LABU HE NVDA IWMY
SOLD LABU @133.18
high of day
labu /Sold for loss after reverse split to redeploy capital.
#onlyspreads
STO NVDA 23 FEB 2024 590/585 PUT @.34
#shortputs
#expiretommorow
STO HE 16 FEB 2024 12 PUT @.03
STO HE 16 FEB 2024 12.5 PUT @.06
#smallbuy
BOT IWMY @18.143
ADM Covered Call Rolls
Bought to close 1 ADM Feb 16 2024 57.0 Call at $0.05 and Sold 1 ADM Feb 23 2024 57.0 Call at $0.25
Bought to close 1 ADM Feb 16 2024 60.0 Call at $0.02 and Sold 1 ADM Mar 01 2024 57.0 Call at $0.52.
#CoveredCalls
CHTR Put
Sold 1 Feb 16 2024 280.00 Put at $0.17
Expires tomorrow
Bitcoin ETF
Sold a tiny bit more of IBIT at $30.01.
Purchased at $25.00
VXX Long Term Puts
Bought VXX Jan 17 2025 5.0 Puts at $0.09, $0.08 and $0.07
Adding to my position.
#VXXContango
SPX 0dte 2/15/24
#SPX0dte Sold to Open $SPX Feb 15th 4975/5005/5035 #IronButterfly for 17.00, IV 19.3%
Small account alternative: Sold 4970/5000-5005/5035 condors for 15.40
SPX 0 DTE #spx0dte This…
SPX 0 DTE
#spx0dte #TastyTrade
This is another interesting Tastytrade video, comparing IC vs IF winning rates and daily P/L :
https://www.youtube.com/watch?v=sjv1rvHiShk
HE
#shortputs
STO HE 23 FEB 2024, 11 AND 11.5 PUT @.11 AND 17
SPY Expiration
1 SPY 02/14/2024 499.00 Call
SPY 498.49+4.41 (+0.89%)
At close: 04:00PM EST
SPY Call
Sold 1 SPY 02/15/2024 501.00 Call at $0.42
ARM OGN BIIB Puts
Sold 1 ARM 02/16/2024 95.0 Put at $0.08
Sold 1 OGN 02/16/2024 15.0 Put at $0.25
Bought 1 BIIB 02/23/2024 210 Put and Sold 1 BIIB 02/16/2024 220 Put at a Diagonal Credit of $0.52
ARM PUT (I and U near each other on keyboard)
#shortputs
$ARM STO 2/16 121 put at 2.99
SPX
#SyntheticShortStock – On the early bounce.
Rolled Feb 16 2024 5050.0 Puts to Feb 23 2024 5045.0 Puts @ .90 debit (57.60 and 59.35 total now)
BA
#CoveredCalls – Early assignment.
Sold BA Feb 23 2024 207.5 Calls @ 2.20
SPY Call 0dte
Sold 1 SPY 02/14/2024 499.00 Call at $0.42
This was yesterday’s high print on this option
SPX 0 DTE
$SPX STO 12/14 4950/4980 BUPS at 10.65. Sold at first red dip since the IB wasn’t filled.
$SPX BTC 12/14 4950/4980 BUPS at 8.00. 25% of max.
Happy Valentine’s Day
Let The Profits Roll
SPX 0dte 2/14/24
#SPXodte Sold to Open $SPX 4945/4975/5005 #IronButterfly for 17.15, IV 19.4%
Small accounts: Sold 4945/4975-4980/5010 condors for 15.25
SPY Expiration
1 SPY 02/13/2024 497.00 Call sold on 02/06 at $1.57
Upside Warning canceled
#VIXindicator The $VIX has spiked 25% over the 2-day closing low of 12.93. If we close above 16.16 this will trigger a Downside Warning.
MSFT TQQQ
STO MSFT 23 FEB 2024, 382.5/380 PUT @.07
STO TQQQ 23 FEB 2024, 49/46 PUT @.10
SPY Puts
Back in the game on these
Sold 1 SPY 02/22/2024 470/480 Bull Put Spread at $0.28 Credit
Sold 1 SPY 02/21/2024 470/480 Bull Put Spread at $0.28 Credit
Sold 1 SPY 02/20/2024 470/480 Bull Put Spread at $0.28 Credit
TQQQ,
STO MArch 1, 45 puts at 21 cents
XBI
#ShortPuts – Starter.
Sold XBI Mar 15 2024 82.0 Puts @ .80
SPX
#SyntheticShortStock – Not doing any crazy rolls yet. Throw it out to Friday and see where we end up. Shorts are looking much better now. A sideways grind right here for the rest of the year works. 🙂 🙂
Rolled Feb 13 2024 5050.0 Puts to Feb 16 2024 5050.0 Puts @ .25 credit (58.50 and 60.25 total now)
BIIB ALB UPS Put Spreads
Sold 1 BIIB 02/16/2024 215/220 Bull Put Spread at $0.35 Credit
Bought 1 ALB 02/23/2024 85 Put/ Sold 1 ALB 02/16/2024 93 Put for a Diagonal Spread Credit of $0.27
Bought 1 UPS 02/23/2024 125 Put/ Sold 1 UPS 02/16/2024 140 Put for a Diagonal Spread Credit of $0.46
This one is paired with some Bear Call Spreads
TQQQ,
STO March 1, 48 puts at .31
IWMY
#smallbuy
BOT IWMY @18.03
#dividends
AMDY
#forIRAaccount
BOT AMDY @20.85
Replacing another ETF i was not happy with.
TQQQ,
STO June 21, 45 puts at 2.66
CPI for January
Inflation up 0.4% MoM in January, vs expected 0.3%
That’s up 3.1% YoY, vs expected 2.9%.
So worse than expected, meaning negative market reaction is possible. Futures down 40 points at lows so far.
SPX 0-dte 2/13/24
#SPX0dte Wiaitng until afetr CPI report, probably until the open.
I checked ATM prices before the report and they are over 21.00 for the Iron Butterfly, so about the same as it was at last night’s close, so no benefit to placing the trade day before.
SPX
#SyntheticShortStock – Keeping some slightly long deltas on the overall position with CPI tomorrow. Leaving the strike just inside tomorrow’s expected move.
Rolled SPX Feb 12 2024 5050.0 Puts to Feb 13 2024 5050.0 Puts @ 6.30 credit (58.25 and 60.00 total now)
FBTC
Lightening up a bit more on my tiny position of this Bitcoin ETF.
Sold a bit at $44.01. Getting rid of my current highest cost lot bought at $39.00.
Average cost on my remaining position is $36.25
Option Assignments Friday
Bought 100 HRL at $29.50
Bought 100 NEM at $33.00
Already wrote the NEM 02/16/2024 33.5 Covered Call at $0.32 and
the HRL 02/16/2024 30.0 Covered Call at $0.10
IBIT
Lightening up on my tiny position of this Bitcoin ETF.
Sold a bit at $28.01. Getting rid of my highest cost lot bought at $26.00.
CMG
STO CMG 16 FEB 24, 2530/2525 PUT @.23
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 12th 4995/5025/5055 #IronButterfly for 14.90, IV 15.23%
Small account alt: 4995/5025-5030/5060 condors for 12.80
XBI
#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)
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.
Options Bistro 