1 SPY 04/30/2024 490/495 Bull Put Spread – sold last Wednesday at $0.44
Monthly Archives: April 2024
SPY
#ShortPuts – Another week further out and 5 points lower.
Sold SPY May 31 2024 485.0 Put @ 2.25
AMZN earnings
#BullPutSpreads – This should be the KOD for AMZN since I’m taking a directional shot. LOL Close it on a bounce or take stock on an implosion
Sold AMZN May 03 2024 200.0/180.0 Bull Put Spread @ 13.85
SPY
#ShortPuts – A week further out and 5 points lower.
Sold SPY May 24 2024 490.0 Put @ 2.25
BMY CVNA CZR PARA TFC VFC WBA Small Puts
Sold 1 BMY May 03 2024 43 Put at $0.06
Sold 1 CVNA May 03 2024 51 Put at $0.36 (filled here when the bid was $0.10)
Sold 1 CZR May 03 2024 32.5 Put at $0.06
Sold 1 PARA May 03 2024 11 Put at $0.12
Sold 1 TFC May 03 2024 36 Put at $0.06
Sold 1 VFC May 03 2024 12 Put at $0.06
Sold 1 WBA May 03 2024 17 Put at $0.06
SPY
#ShortPuts – Selling recent lows at the 100 day.
Sold SPY May 17 2024 495.0 Put @ 2.34
CMG CVNA CVS EBAY MGM SBUX UPS Puts
Sold 1 CMG 05/03/2024 3040/3050 Bull Put Spread at $0.50 Credit
Sold 1 CVNA 05/03/2024 55/60 Bull Put Spread at $0.30 Credit
Sold 1 CVS 05/03/2024 60/64 Bull Put Spread at $0.36 Credit
Sold 1 EBAY 05/03/2024 44/48 Bull Put Spread at $0.26 Credit
Sold 1 MGM 05/03/2024 34/38 Bull Put Spread at $0.23 Credit
Sold 1 SBUX 05/03/2024 75/80 Bull Put Spread at $0.29 Credit
Sold 1 UPS 05/03/2024 139/143 Bull Put Spread at $0.17 Credit
DJT Calls
Sold 1 DJT 05/03/2024 60/55 Bear Call Spread at $0.56 Credit
Sold 1 DJT 05/03/2024 70/65 Bear Call Spread at $0.23 Credit
Had to do these trades at Schwab because Fidelity won’t let you sell any DJT calls without owning the stock
SPY Puts
Extending my Put Ladder
SPY 05/02/2024 493/498 Bull Put Spread at $0.23 Credit – too early
SPY 05/03/2024 492/497 Bull Put Spread at $0.33 Credit – too early
SPY 05/06/2024 491/496 Bull Put Spread at $0.32 Credit – too early
SPY 05/03/2024 489/494 Bull Put Spread at $0.25 Credit
SPY 05/06/2024 489/494 Bull Put Spread at $0.35 Credit
SPY 05/09/2024 490/495 Bull Put Spread at $0.40 Credit
SPX 0-dte trades for 4/30/24
#SPX0dte The “Employment Cost Index” report was listed with two bulls on the Econ calendar from Bloomberg that I use, so it wasn’t something I was expecting to move the market this much. Fortunately I have no trade going yet, and will likely wait until after the 10am Consumer Confidence report. The market continues to overreact to every piece of data that *may* affect the Fed’s decision on when to start cutting rates.
IWMY
#smallbuy
#exdivtomorrow
BOT IWMY @16.47
div=1.41 per share
SPY Expiration
1 Sold 1 SPY 04/29/2024 490/495 Bull Put Spread – sold last Wednesday at $0.33
New SPY Calls
Sold 1 SPY 05/01/2024 524/519 Bear Call Spread at $0.15 Credit
Paired with another of my positions in my SPY Put Ladder
BA
#SyntheticCoveredCalls – Replacing Friday’s closing order.
Bought to Close BA Apr 26 2024 167.5 Calls @ .07 (sold for 11.40)
Sold BA May 17 2024 180.0 Calls @ 1.75
SPY
#ShortPuts – Survived 90 holes in three and a half days. Whew! Did manage one put sale during the Thur morning meltdown. Taking that off now at over 50 percent of max.
Bought to Close SPY Jun 21 2024 470.0 Put @ 1.66 (sold for 3.50)
META AMZN QQQ W NVDA
STO META 3 MAY 2024 405/400 PUT @.20
STO AMZN 3 MAY 2024 155/152.5 PUT @.15
STO QQQ 3 MAY 2024 413/409 PUT @.15
STO W 3 MAY 2024 39.5/38.5 PUT @.06
STO NVDA 3 MAY 2024 785/780 PUT @.22
AMZN CVS HSY Puts
Sold 1 AMZN May 03 2024 152.5/157.5 Bull Put Spread at $0.37
Sold 1 CVS May 03 2024 59/64 Bull Put Spread at $0.37
Sold 1 HSY May 03 2024 170/175 Bull Put Spread at $0.30
UPS Calls
Sold 1 UPS May 03 2024 160/152.5 Bear Call Spread at $0.49
CVNA AMD
STO CVNA 3 MAY 2024 60/55 PUT @.22
STO AMD 3 MAY 2024 140/135 PUT @.40 ///Follow ish @optioniceman
CMG Diagonal Call
Bought 1 CMG May 10 2024 3420 Call / Sold 1 CMG May 03 2024 3320 Call at $2.75 Credit
YBIT
#smallbuy
#dividends
BOT YBIT @19.52
AMD MMM QQQ SBUX UPS Put Spreads
Sold 1 AMD May 03 2024 135/140 Bull Put Spread at $0.56
Sold 1 MMM May 03 2024 80/85 Bull Put Spread at $0.30
Sold 1 SBUX May 03 2024 72/82 Bull Put Spread at $0.60
Sold 1 UPS May 03 2024 139/144 Bull Put Spread at $0.27
Sold 1 QQQ May 01 2024 418/423 Bull Put Spread at $0.55
Sold 1 QQQ May 02 2024 417/422 Bull Put Spread at $0.52
#OnlySpreads
GILD Covered Calls
Sold 1 GILD May 03 2024 69 Covered Call at $0.07
Sold 1 GILD May 10 2024 69 Covered Call at $0.14
Against stock put to me Friday
AAP BMY CVS INTC PFE SBUX Small Puts
Sold 1 AAP May 03 2024 68 Put at $0.12
Sold 1 BMY May 03 2024 43.5 Puts at $0.10 and $0.12
Sold 1 CVS May 03 2024 60 Put at $0.07
Sold 1 INTC May 03 2024 30 Put at $0.06
Sold 1 PFE May 03 2024 24 Put at $0.06
Sold 1 SBUX May 03 2024 77 Put at $0.13
#EveryLittleBitHelps
SPX 0-dte trades 4/29/24
#SPX0dte Sold to Open $SPX Apr 29th 5080/5110-5115/5145 condors for 14.80, IV 18.84%, at 8:28 ET
Premium and width on 6-delta too meager, so for this day of lower IV I’m choosing the tight condor option. No major economic data scheduled and big events later in the week should mean a quieter Monday.
Economic Calendar 4/29 – 5/3
FOMC decision on Wednesday and Jobs Report Friday
SPX 0-DTE #tastytrade As Jeff…
SPX 0-DTE
#tastytrade
As Jeff always says, mind the IV. The following Tasty Video shows a study as how much the IVR value describes the potential move. The recent daily IVR for SPX have always been quite high. And I can testify, i had a hard time to make any money on the IBF, IC narrow or wide.
Off topic – from Twitter
Saturday morning stock screener 🤓
Criteria:
1) Revenue growth expected to be 20% or higher for the next 3 years (CY2024, CY2025, CY2026)
2) EBITDA growth expected to be 20% or higher for the next 3 years (CY2024, CY2025, CY2026)
3) Market cap above $1 billion
Results:
$AXON $CELH $CRWD $CYBR $DUOL $FLYW $FOUR $FROG $FRPT $GLBE $GTLB $HIMS $INSP $IOT $KKR $KVYO $MELI $NOW $ONON $RKT $SHOP $SPT $TMDX $TOST $TTD
Earnings 4/29 – 5/3
OptionsExpiration
Another big week, heavy with Earnings plays
Cash Covered Puts
AGNC 8.5 Put
BIIB 175 Put
BMY 43.5 Put
EQT 35.5 Put
GILD 61 Put
INTC 30.5 Put
STX 75 Put
T 15.5 Puts
VZ 37 Put
WBA 17.5 Put
Credit Spreads
SPY 481/491 Bull Put Spread
SPY 490/495 Bull Put Spread
AAPL 155/160 Bull Put Spread
BA 150/155 Bull Put Spread
BMY 43/44 Bull Put Spread
BMY 42.5/44.5 Bull Put Spread
BIIB 175/200 Bull Put Spreads
BIIB 185/190 Bull Put Spread
BIIB 178.5/197.5 Bull Put Spread
CMG 3110/300 Bear Call Spread
CMG 3210/3200 Bear Call Spread
CZR 32/36 Bull Put Spread
GILD 59/64 Bull Put Spread
GILD 59/63 Bull Put Spread
META 475/470/397.5/392.5 Iron Condor Spread
META 477.5/472.5/397.5/392.5 Iron Condor Spread
MSFT 355/360 Bull Put Spread
NUE 167.5/172.5 Bull Put Spread
ON 52/57 Bull Put Spread
ON 50/55 Bull Put Spread
PEP 162.5/167.5 Bull Put Spread
PEP 162.5/165 Bull Put Spread
TSLA 100/105 Bull Put Spread
UPS 135/140 Bull Put Spread
UPS 160/155 Bear Call Spread
UPS 165/157.5 Bear Call Spread
UVXY 50/40 Bear Call Spreads
UVXY2 14/8.5 Bear Call Spreads
VXX 18/14 Bear Call Spreads
VXX 19.5/17 Bear Call Spreads
VXX 21/17.5 Bear Call Spreads
Covered Calls
BOIL 16 Call
UVXY2 7.5 Calls
VFC 13.5 Call
VXX Call
WBA 19 Call
Assignments
SOXL 32 Covered Call
BMY 47 Put (early assignment last night)
GILD 69 Put (could not roll for a credit)
GILD 68 Put (could not roll for a credit)
SBUX Covered Call Rollup
Bough to close 1 SBUX Apr 26 2024 88.0 Covered Call/ Sold 1 SBUX May 03 90.0 Call at $1.85 Credit
#Earnings next week… so the big premium
New SPY Calls
Sold 1 SPY 05/02/2024 524/519 Bear Call Spread at $0.46 Credit
Paired with one position in my Put Ladder
SPY Call Rollup
Rolled a VERY old SPY 04/26/2024 520/505 Bear Call Spread to 1 SPY 05/06/2024 520/510 Bear Call Spread at $0.14 Credit.
Increased the short side 5 points to lower the spread risk and to take the short back out of the money.
This will balance out a portion of my SPY Put Ladder
SPX 0-dte trades 4/26/24
#SPX0dte Sold to Open $SPX Apr 26th 5000/5020-5135/5155 condors for 1.40, IV 27.55%, deltas -.08 +.06
SPY Expiration
1 SPY Apr 25 2024 481/491 Bull Put Spread -sold on Monday at $0.53
MSFT Puts
Sold 1 MSFT Apr 26 2024 355/360 Bull Put Spread at $0.37 Credit
#Earnings tonight
BMY GILD INTC small puts
First bought to close 1 NEM Apr 26 2024 35.0 Put at $0.01
and bought to close 1 TSLA Apr 26 2024 85.0 Put at $0.01.
With the released buying power:
Sold 1 BMY Apr 26 2024 43.5 Put at $0.07
Sold 1 GILD Apr 26 2024 61.0 Put at $0.07
Sold 1 INTC Apr 26 2024 30.5 Put at $0.08.
All expire tomorrow
#EveryLittleBitHelps
SPX 0-dte trades 4/25/24
#SPX0dte Sold to Open $SPX Apr 25th 4920/4940-5050/5070 for 1.45 at 9:41 ET, deltas were -.076 +.08, IV 27.09%
Before the GDP and jobs data released at 8:30, I modeled the 6-delta condor for 1.15 with a 120-pt center. Waiting for the open gave me about the same price, although I decided to push the deltas a bit higher for the premium and go for a 110 gap. Expected move is around 30 so stops are currently at 4970 and 5020.
CMG META Call Spreads
Sold 1 CMG Apr 26 2024 3310/3300 Bear Call Spread at $0.30 Credit
Sold 1 META Apr 26 2024 477.5/472.5 Bear Call Spread at $0.15 Credit
Post Earnings and expires tomorrow
SPY Put Spreads
Extending my Put Ladder
Sold 1 SPY 05/06/2024 480/485 Bull Put Spread at $0.49 Credit
Sold 1 SPY 05/07/2024 480/485 Bull Put Spread at $0.53 Credit
Sold 1 SPY 05/08/2024 470/480 Bull Put Spread at $0.55 Credit
Sold 1 SPY 05/09/2024 470/480 Bull Put Spread at $0.60 Credit
SPY Expiration
1 SPY Apr 24 2024 482/492 Bull Put Spread – sold on Monday at $0.36
CMG Call Spreads
Sold 1 CMG Apr 26 2024 3110/3100 Bear Call Spread at $2.07 Credit
Sold 1 CMG Apr 26 2024 3210/3200 Bear Call Spread at $1.00 Credit
#Earnings tonight
SPY Puts
Adding to my put Ladder
Sold 1 SPY 04/26/2024 490/495 Bull Put Spread at $0.22 Credit
Sold 1 SPY 04/29/2024 490/495 Bull Put Spread at $0.33 Credit
Sold 1 SPY 04/30/2024 490/495 Bull Put Spread at $0.44 Credit
Sold 1 SPY 05/01/2024 485/490 Bull Put Spread at $0.28 Credit
Sold 1 SPY 05/02/2024 485/490 Bull Put Spread at $0.38 Credit
Sold 1 SPY 05/03/2024 485/490 Bull Put Spread at $0.48 Credit
BMY GILD PEP Put Spreads
Sold 1 BMY Apr 26 2024 43/47 Bull Put Spread at $0.21 Credit
Sold 1 GILD Apr 26 2024 60/64 Bull Put Spread at $0.19 Credit
Sold 1 PEP Apr 26 2024 162.5/165 Bull Put Spread at $0.15 Credit
YBIT
BOT YBIT @20.45
SPX 0-dte trades 4/24/24
#SPX0dte Sold to Open $SPX 5050/5080-5085/5115 condors for 16.235, IV 21.15%
Switching to 5-wide ATM strategy as 6-deltas have become to narrow again, and $VIX is calming. Going for 10%
SPY Expiration
1 SPY Apr 23 2024 483/493 Bull Put Spread – sold yesterday at $0.14
1 SPY Apr 23 2024 484/494 Bull Put Spread – sold last Weds at $0.72
1 SPY Apr 23 2024 485/495 Bull Put Spread – sold on Apr 15 at $0.27
SPY
#ShortPuts – Taking nearly 45 percent of max in just a couple days. I’ll be gone the rest of the week.
Bought to Close SPY May 10 2024 490.0 Put @ 1.82 (sold for 2.95)
Bought to Close SPY May 17 2024 485.0 Put @ 1.84 (sold for 2.95)
Bought to Close SPY May 24 2024 480.0 Put @ 1.83 (sold for 2.95)
Bought to Close SPY May 31 2024 475.0 Put @ 1.73 (sold for 3.41)
Bought to Close SPY Jun 21 2024 455.0 Put @ 1.54 (sold for 3.00)
Bought to Close SPY Jun 21 2024 460.0 Put @ 1.81 (sold for 3.21)
Bought to Close SPY Jun 21 2024 465.0 Put @ 2.15 (sold for 3.42)
BMY GILD Put Spreads
Sold 1 BMY Apr 26 2024 42.5/47.5 Bull Put Spread at $0.23 Credit
Sold 1 GILD Apr 26 2024 60/65 Bull Put Spread at $0.31 Credit
CLF NUE VXX Diagonal Puts
Bought 1 CLF May 03 2024 16 Put / Sold 1 CLF Apr 26 2024 18.5 Put at $0.13 Credit
Bought 1 NUE May 03 2024 170 Put / Sold 1 NUE Apr 26 2024 175 Put at $0.28 Credit
VXX Long Term
Bought VXX Jan 17 2025 5.0 Puts / Sold VXX Apr 26 13.5 Puts at $0.03 and $0.04 Credit
(trying to add free long term puts to my current position)
#VXXContango
AGNC BIIB EQT STX T TSLA VXX VZ WBA – small puts
Sold 1 AGNC Apr 26 2024 8.5 Put at $0.06
Sold 1 BIIB Apr 26 2024 175 Put at $0.45
Sold 1 EQT Apr 26 2024 35.5 Put at $0.10
Sold 1 STX Apr 26 2024 85 Put at $0.15
Sold 1 T Apr 26 2024 15.5 Put at $0.08
Sold 1 TSLA Apr 26 2024 85 Put at $0.07
Sold 1 VXX Apr 26 2024 13 Put at $0.04
Sold 1 VZ Apr 26 2024 37 Put at $0.07
Sold 1 WBA Apr 26 2024 17.5 Put at $0.08
#EveryLittleBitHelps
SPX 0-dte trades 4/26/24
#SPX0dte Sold to Open $SPX Apr 23rd 4940/4960-5070/5090 condors for 1.20, deltas -.06 +.06, IV 23.38%
SPY Puts – New ladder
Just after the close
Sold 1 SPY Apr 23 2024 483/493 Bull Put Spread at $0.14 Credit
Sold 1 SPY Apr 24 2024 482/492 Bull Put Spread at $0.36 Credit
Sold 1 SPY Apr 25 2024 481/491 Bull Put Spread at $0.53 Credit
Sold 1 SPY Apr 26 2024 481/491 Bull Put Spread at $0.77 Credit
SPY Expiration
1 SPY Apr 22 2024 485/490 – 515/520 Iron Condor Spread – Sold last Wednesday at $0.66
also
1 SPY 485/495 Bull Put Spread – sold Apr 15 at $0.21
1 SPY 481/491 Bull Put Spread – rolled down to this yesterday(orig credit $0.17 plus roll credit of $0.12)
CLF PEP Puts
SOXL Covered Call
Sold 1 SOXL Apr 26 2024 32.0 Covered Call at $1.41 against stock put to me Friday
AAPL BA CZR GILD META ON TSLA Put Spreads
Sold 1 AAPL Apr 26 2024 155/160 Bull Put Spread at $0.33 Credit
Sold 1 BA Apr 26 2024 150/155 Bull Put Spread at $0.34 Credit
Sold 1 CZR Apr 26 2024 32/36 Bull Put Spread at $0.19 Credit
Sold 1 GILD Apr 26 2024 59/64 Bull Put Spread at $0.23 Credit
Sold 1 META Apr 26 2024 390/395 Bull Put Spread at $0.27 Credit
Sold 1 ON Apr 26 2024 52/57 Bull Put Spread at $0.34 Credit
Sold 1 TSLA Apr 26 2024 100/105 Bull Put Spread at $0.17 Credit
SPX 0-dte trades 4/22/24
#SPX1dte Sold to Open $SPX Apr 22nd 4905/4925-5050/5070 condors for 1.30, IV 26.35%, deltas -.07 +.06
Economic Calendar 4/22 – 4/26
OT – Redfin
https://finance.yahoo.com/news/economy-might-booming-housing-recession-195209142.html
Earnings 4/22 – 4/26
Next week brings 43% of SPX set to report earnings highlighted by META/MSFT/GOOGL (aka $6.1T of mkt cap) reporting on Weds & Thurs …on the macro front, key reports include 1Q GDP on Thurs & March PCE on Fri.
HE SPCE
#optionsexpiration
==Expirations==
HE 7 PUT
HE 11 AND 14 CALLS
#assignment
SPCE 2 PUT
COULD NOT ROLL FOR CREDIT
OptionsExpiration
A very, very busy week
==Expirations==
Cash Covered Put Sales:
BAC 34 and 33.5 Puts
BIIB 185 Put
BK 50 Put
BOIL 11.5 Put
BXP 55 Put
D 45 Put
DJT 17.5, 15.0 and 12.5 Puts
F 11.82 Put
KEY 13 Put
LABU 70 and 65 Puts
PFE 25 Puts
RF 17 Put
UAL 35 Put
UVXY 34 Put
VFC 12 and 11.5 Puts
VXX 13.5 Puts
WBA 17.5 and 17 Puts
WU 12 Put
Credit Spreads:
ABT 99/104 Bull Put Spread
BIIB 185/190 Bull Put Spread
BIIB 182.5/187.5 Bull Put Spread
NFLX 510/515 Bull Put Spread
UPS 135/140 Bull Put Spread
Covered Calls:
BOIL 15 Call
VFC 13 Call
VTRS 13 Call
VXX 15.5 Call
WBA 21 Call
==Assignments==
NWL 7.0 Put
SOXL 32.0 Put
SPY Puts Rolled
The first time I’ve had to roll one of these Put ladder positions in months
Bought to close SPY Apr 19 2024 485/495 Bull Put Spread / Sold 1 SPY Apr 22 2024 481/491 Bull Put Spread at $0.12 Credit
GILD Puts rolled
Rolled this week’s GILD 63/69 Bull Put Spread to next week’s GILD 63/69 Bull Put Spread for $0.11 Credit
#KickTheCan
BA SNOW SPY SPX TSLA
#ShortPuts #SyntheticStock – A Friday update. Been messing with some small synthetic stock positions as well as the normal SPY SPX stuff. BA and TSLA earnings next week so should be interesting.
BA:
Rolled BA Apr 19 2024 167.5 Calls to Apr 26 2024 167.5 Calls @ 3.20 credit (11.40 total now)
SNOW:
Bought to Close SNOW Apr 19 2024 152.5 Calls @ .01 (sold for 7.25)
Sold SNOW Apr 26 2024 149.0 Calls @ 3.15
SPY: One add.
Sold SPY Jun 21 2024 455.0 Put @ 3.00
SPX:
Earlier in the week rolled 5240 puts out to May monthly 5210 @ 3.25 credit (26.00 total now)
TSLA: Been in this one quite awhile and have managed to keep up with the drop selling mostly ITM all the way down.
Rolled TSLA Apr 19 2024 145.0 Calls to Apr 26 2024 140.0 Calls @ 8.35 credit (23.85 total now)
TQQQ,
FWIW, the ETF broke below the 150 day MA and the 200 day MA is around 47so it may hold there but I am still not buying yet.
UPS Put Rolldown
Bought to close 1 UPS 04/19/2024 139/144 Bull Put Spread at $0.55. Sold at $0.99
Replaced it with 1 UPS 135/140 Bull Put Spread at $1.32 Credit
#Earnings next week.
SBUX Covered Calls
Rolled this week’s SBUX 88.0 Covered Call to next week’s SBUX 88.0 Call at $0.77 Credit
Rolled another of this week’s SBUX 88.0 Covered Calls to next week’s SBUX 89.0 Call at $0.44 Credit
BIIB Put Rolldown
Rolled this week’s BIIB 197.5 Put to next week’s 192.5 Put at $0.02 Credit
Rolled this week’s BIIB 195.0 Put to next week’s 190.0 Put at $1.30 Credit
Lowered each strike 5 points and hoping for a good #Earnings report
#FallingKnife
SPX 0-dte trades for 4/19/24
#SPX0dte So major dip overnight due to Israel/Iran, but now futures are flat. Had I had a sell order in place I may have gotten a fill on my long put spread. Now we are rallying pretty strongly so I’m going to wait for the open to consider a condor.
SPY Expiration
1 SPY 04/18/2024 485/495 Bull Put Spread – sold Monday at $0.16
PFE Stock
Saw a report that Pfizer just hit a 9-year low.
#FallingKnife
https://finance.yahoo.com/m/9a6f7dfd-febf-37fb-912a-e0504d778fbc/is-pfizer-stock-a-sell-as.html
NFLX BIIB Puts
Sold 1 NFLX Apr 19 2024 510/515 Bull Put Spread at $0.27 Credit
#Earnings tonight
Sold 1 BIIB Apr 19 2024 182.5/187.5 Bull Put Spread at $0.60 Credit
Sold 1 BIIB Apr 19 2024 185/190 Bull Put Spread at $1.05 Credit
BIIB UVXY WBA Puts 1-DTE
Sold 1 BIIB Apr 19 2024 185.0 Put at $0.15
Sold 1 UVXY Apr 19 2024 34.0 Put at $0.09
Sold 1 WBA Apr 19 2024 17.5 Put at $0.13
#EveryLittleBitHelps
Options Bistro 