#SPX0dte Sold to Open $SPX Apr 18th 4940/4960-5095/5115 condors for 1.40, IV 28.51%, deltas -.06 +.06
Monthly Archives: April 2024
SPY and GLD Expirations
1 SPY Apr 17 2024 485/495 Bull Put Spread – sold Monday at $0.14
1 SPY Apr 17 2024 511.0 Call – sold today at $0.18
GLD Apr 17 2024 230/225 Bear Call Spreads – sold last Tuesday at $0.34 and yesterday at $0.31
SPY Iron Condor
Sold 1 SPY Apr 22 2024 485/490 – 515/520 Iron Condor Spread at $0.66 Credit
SPY
#ShortPuts – One add.
Sold SPY May 31 2024 475.0 Put @ 3.40
SPY Puts
Extending my Put Ladder
Sold 1 SPY 04/23/2024 484/494 Bull Put Spread at $0.72 Credit
HE
#everylittlebithelps
Sto HE 19 APR 2024 7 PUT @.04
PFE Puts
Sold PFE Apr 19 2024 25.0 Puts at $0.06 and $0.08
SPY Call 0-DTE
Sold 1 SPY Apr 17 2024 511.0 Call at $0.18
SPX 0-dte trades 4/17/24
#SPX0dte Sold to Open $SPX Apr 17th 4970/4990-5135/5155 condors for 1.35, IV 30.1%, deltas -.06 +.06
SPY Expiration
1 SPY 510 Call – sold today at $0.11
1 SPY 487/497 Bull Put Spread – sold Apr 4th at $0.29
1 SPY 485/495 Bull Put Spread – sold Monday at $0.12
ABT Puts
Sold 1 ABT Apr 19 2024 99/104 Bull Put Spread at $0.37 Credit
YMAX ULTY YMAG QYLD
BOT YMAX @20.80
BOT ULTY @16.62
BOT YMAG @20.31
BOT QYLD @17.84
SPY Call 0-DTE
Sold 1 SPY Apr 16 2024 510.0 Call at $0.11
Risk Reversal
#RiskReversal Taking a shot at a bearish trade and that this turns into a meaningful correction.
Sold to open $SPX Apr 22nd 5230/5250 call spreads, delta +.04
Bought to open Apr 22nd 4855/4835 put spreads, delta -.06
Net DEBIT -.10
UPS Puts / GLD Calls
Sold 1 UPS 135/140 Apr 19 2024 Bull Put Spread at $0.31 Credit
Sold 1 GLD 230/225 Apr 17 2024 Bear Call Spread at $0.31 Credit (expires tomorrow)
D DJT LABU RF VFC Puts
Sold 1 D April 19 2024 45.0 Put at $0.10
Sold 1 DJT April 19 2024 12.5 Put at $0.07
Sold 1 DJT April 19 2024 15.0 Put at $0.14
Sold 1 LABU April 19 2024 65.0 Put at $0.16
Sold 1 RF April 19 2024 17.0 Put at $0.05
Sold 1 VFC April 19 2024 11.5 Put at $0.11
#EveryLittleBitHelps
VXX Long Term Puts
Bought to open VXX Jan 17, 2025 5.00 Puts at $0.06
#VXXContango
SPX 0-dte for 4/16/24
#SPX0dte Sold to Open $SPX 4955/4975-5140/5160 condors for 1.30, IV 34%, deltas -.05 +.07
Downside Warning in effect
#VIXindicator Fired at the close with $VIX over 50% higher than its recent low of 12.40 on 3/21. Expect the possibilities of lower levels over the coming days or weeks.
SPY
#ShortPuts – One add.
Sold SPY Jun 21 2024 460.0 Put @ 3.20
SPY Expiration
1 SPY 04/15/2024 488/498 Bull Put Spread – Sold last Thursday at $0.28
UVXY Calls
New post-split calls
Sold 1 UVXY 04/19/2024 55/48 Bear Call Spread at $0.38 Credit
BAC F SOXL UAL Puts
Sold 1 BAC 04/19/2024 33.5 Put at $0.06 #Earnings
Sold 1 F 04/19/2024 11.82 Put at $0.06
Sold 1 SOXL 04/19/2024 32.0 Put at $0.06
Sold 1 UAL 04/19/2024 35.0 Put at $0.07 #Earnings
#EveryLittleBitHelps
OFF TOPIC,
Dan at SMM put out a very bearish vidio last night so I covered all my short puts and again am 100% cash in all accounts. He pointed out that only 9 stocks in the DJI 30 are above their 50 day moving average.
BAC BK BOIL BXP LABU WU Puts
Sold 1 BAC 04/19/2024 34.0 Put at $0.07 #Earnings
Sold 1 BK 04/19/2024 50.0 Put at $0.11 #Earnings
Sold 1 BOIL 04/19/2024 11.5 Put at $0.06
Sold 1 BXP 04/19/2024 55.0 Put at $0.10
Sold 1 LABU 04/19/2024 70.0 Put at $0.16
Sold 1 WU 04/19/2024 12.0 Put at $0.05
#EveryLittleBitHelps
SPY Put Spread Laddder
Sold 1 SPY 485/495 04/16/2024 Bull Put Spread at $0.12 Credit
Sold 1 SPY 485/495 04/17/2024 Bull Put Spread at $0.14 Credit
Sold 1 SPY 485/495 04/18/2024 Bull Put Spread at $0.16 Credit
Sold 1 SPY 485/495 04/19/2024 Bull Put Spread at $0.17 Credit
Sold 1 SPY 485/495 04/22/2024 Bull Put Spread at $0.21 Credit
Sold 1 SPY 485/495 04/23/2024 Bull Put Spread at $0.27 Credit
BIIB SBUX Stock
Sold the stock put to me Friday at 200 at 200.51 in the pre-market
Plus the $1.25 original put premium.
Sold SBUX 04/19/2024 88.0 Covered Calls at $0.16 and $0.26.
Replacing similar calls that expired Friday
SPX 0-dte trades 4/15/24
#SPX0dte Sold to Open $SPX 5075/5095-5215/5235 condors for 1.45, IV 26.46%, deltas -.07 +.07
Sticking with wide condors until IV gets lower. Tight condors with 10% exit are still a viable trade, just potentially tougher in high IV/high $VIX environment. If it drops and the swings subside I will resume them, or may add them later in day.
Economic Calendar 4/15 – 4/19
REMINDER: Weekly calendar and Earnings chart are available on the menu at top of the page.
NVDA META TQQQ COST AMD NFLX
#optionsexpiration
#onlyspreads
————-
#closeearly for a .01
BRK/B
DIA
SOXS Split
after the close Friday 4/12 – 1 for 10 reverse split
OptionsExpiration
Another wild wild week
Expirations:
SPY 489/499 Bull Put Spread
SPY 530/527 Bear Call Spread
SBUX 88 Covered Calls
BOIL 16 and 16.5 Covered Calls
UPS 139/144 and 137/143 Bull Put Spreads
UPS 162.5/155 and 162.5/150 Bear Call Spreads
GLD 227.5/222.5 Bear Call Spread
NFLX 585/590 Bull Put Spread
NFLX 645/640 Bear Call Spread
NVDA 785/790 and 795/800 Bull Put Spreads
NVDA 935/930 and 925/920 Bear Call Spreads
C 55/58 Bull Put Spread
UVXY(adj) 9/8 and 10/8 Bear Call Spreads
VXX 18.5/15.5 Bear Call Spreads
KEY 14.5 Put
DJT 20.0 Put
WBA 17.5 Put
USB 40.5 Put
PARA 10 and 10.5 Puts
WFC 52.0 Put
C 56.0 and 55.0 Puts
TNA 34.0 Put
VZ 39.5 Put
TSLA 135 Put
CHTR 240.0 Put
Assignments:
WBA 18 Puts
VFC 12.5 Put
BIIB 200 Put
All new lows today
VXX UVXY Calls rolled up
Haven’t had to do this in a while
Bought to close 1 VXX 04/12/2024 20/14.5 Bear call spread at $0.44
Sold to open 1 VXX 04/19/2024 20/15.5 Bear Call Spreads at $0.46 Credit
Bought to close VXX 04/12/2024 17.5/15 Bear call spreads at $0.16
Sold to open VXX 04/26/2024 19.5/17 Bear Call Spreads at $0.23 Credit
Bought to close UVXY2(adj) 04/12/2024 7.50 Covered Call at $0.15
Sold 1 UVXY2(adj) 04/19/2024 8.5 Call at $0.31
GLD
Gold just collapsed.
GLD dropped from 225 to 217 in just a couple of hours
Sure helps out my Bear Call spreads 🙂
SPY
#ShortPuts – Starting to see some nice premium with VIX pushing 20. Going outside the expected move and down to the 200 day.
Sold SPY Jun 21 2024 465.0 Put @ 3.42
GILD BIIB UPS Put Rolls
Rolled this week’s GILD 04/12/2024 69.0 Put to next week at $0.39 Credit
Rolled another to the GILD 04/26/2024 68.0 Put at $0.53 Credit
At some point I might decide to take the stock
Rolled this week’s BIIB 04/12/2024 202.5 Puts to next week’s BIIB 04/19/2024 200.0 Puts at $0.28 Credit
Rolled this week’s UPS 04/12/2024 145.0 Put to next week’s UPS 04/19/2024 140.0 Put at $0.19 Credit
#FallingKnife
SPY
#ShortPuts – Couldn’t resist. Starters around the expected moves and the 100 day. Beyond this I’ll be looking at the 200 day to add any more.
Sold SPY May 10 2024 490.0 Put @ 2.95
Sold SPY May 17 2024 485.0 Put @ 2.95
Sold SPY May 24 2024 480.0 Put @ 2.85
Earnings 4/15 – 4/19
Key stocks already at 52 week lows:
SBUX ZTS UNH BF/B BIIB BA GILD WBA
SPX
#SyntheticShortStock – Played it not so good this week.
Had the 5240 sitting for today. Early in the week rolled it into Wed and up to 5245 at even. Was playing for a bounce on the numbers. That didn’t work. LOL
Had to roll it back out to next week 5240 at even. No harm no foul. Took a shot. Only downside is if I would’ve waited could’ve rolled it today out to next week’s 5230 at close to even.
Each roll down in the short puts adds gains to the synthetic shorts. If we really sell off might have to start rolling it a few weeks out and down. For example even with it 90 points in the money right now I could roll it to May and down 80 points for close to even. Now that would really help the shorts!
TQQQ,
STO,
MAy 17, 45 puts at .56
May 24,45 puts at .89
May 31, 45 puts at 1.01
Upside Warning canceled
#VIXindictor The Upside Warning was canceled today when $VIX intraday spiked above 18.59. We will enter a Downside Warning if we close at these levels.
This was a “secondary” Upside Warning, coming after a previous one with no Downside Warning in between. These are usually weaker, and this one only gave us 30 points of gain for the all-time high on March 28.
SPX 0-dte trades 4/12/24
#SPX0dte Sold to Open $SPX Apr 12th 5140/5170-5175/5195 condors for 19.35, IV 29.07% at 9:49 ET
UVXY Covered Calls Rolled
Bought to close UVXY2 Apr 12 2024 9.0 Calls at $0.01
Sold UVXY 2 Apr 19 2024 8.5 Calls at $0.09
GLD (gold) Calls
Sold 1 GLD 04/19/2024 235/230 Bear Call Spread at $0.40 Credit
SPX 7-delta condor
#SPX0dte Sold to Open $SPX Apr 12 5060/5080-5225/5245 condors for 1.55, IV 31.87%, deltas -.07 +.07.
I may also add an ATM condor but for now I’m liking the premium and width being offered on my previous 1-dte strategy.
VKTX Put Roll
#shortputs
$VKTX BTC 4/12 74 put and STO 4/19 73 put at added credit of .65 and $1 lower if assigned
SPY Expiration
1 SPY 04/11/2024 530/527 Bear Call Spread – sold on Tuesday at $0.28
F
#releasecapital
BTC F 12 APR 2024 13.5 CALL @.01/STO FOR .17
#coveredcalls
STO F 26 APR 2024 13.5 CALL @.24
#shortputs
STO F 26 APR 2024 13 PUT @.46
Banks
#earnings season kicks off before the open on Friday, April 12, 2024 with the Banks
DIA NVDA
#onlyspreads
SOLD DIA 100 12 APR 2024 377/373 PUT @.09
SOLD NVDA 100 12 APR 2024 920/925 CALL @.31
WBA Put
Sold 1 WBA Apr 12 2024 17.5 Put at $0.08
#FallingKnife
NVDA Calls
Sold 1 NVDA 04/12/2024 925/920 Bear Call Spread at $0.30 Credit
Paired with the puts I sold Tuesday
SPX 0-dte trades 4/11/24
#SPX0dte Sold to Open $SPX Apr 11th 5130/5160-5165/5195 condors for 19.70, IV 27.98%, at 8:47 ET
UVXY SVXY Splits today
SVXY split 2 for 1
UVXY reverse split 1 for 5
Don’t know how I missed that this was coming
GLD and SPY Expiration
2 GLD 04/10/2024 225/220 Bear Call Spreads – Sold yesterday at $0.51 and last week at $0.28
1 SPY 04/10/2024 530/526 Bear Call Spread – Sold yesterday at $0.24
USB PARA KEY Puts
Sold 1 USB Apr 12 2024 40.50 Put at $0.08
Sold 1 PARA Apr 12 2024 10.0 Put at $0.15
Sold 1 KEY Apr 12 2024 14.5 Put at $0.13
BIIB UPS Diagonal Puts
Bought 1 BIIB 04/19/2024 190.0 Put / Sold 1 BIIB 04/12/2024 200.0 Put at $0.95 Credit
Bought 1 BIIB 04/19/2024 190.0 Put / Sold 1 BIIB 04/12/2024 197.5 Put at $0.23 Credit
Bought 1 UPS 04/19/2024 139.0 Put / Sold 1 UPS 04/12/2024 144.0 Put at $0.12 Credit
UVXY NVDA NFLX Calls
Sold UVXY 04/12/2024 10/7.50 Bear Call Spreads at $0.12 and $0.13
Sold 1 NVDA 04/12/2024 935/930 Bear Call Spread at $0.13 Credit
Paired with the puts I sold yesterday
Sold 1 NFLX 04/12/2024 645/640 Bear Call Spread at $0.32 Credit
Paired with the puts I sold yesterday
C CHTR TNA VZ WBA WFC UPS Puts
Sold 1 C Apr 12 2024 55.0 Put at $0.07
Sold 1 CHTR Apr 12 2024 240.0 Put at $0.20
Sold 1 TNA Apr 12 2024 34.0 Put at $0.10
Sold 1 VZ Apr 12 2024 39.5 Put at $0.06
Sold WBA Apr 12 2024 18.0 Puts at $0.08 and $0.10
Sold 1 WFC Apr 12 2024 52.0 Put at $0.07
Sold UPS Apr 12 2024 143.0 Puts at $0.12
#EveryLittleBitHelps
CPI higher than expected
The consumer price index increased at a faster than expected pace in March, indicating that inflation is staying stubbornly higher and likely keeping the Federal Reserve on hold with interest rates.
The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level.
Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared to respective estimates for 0.3% and 3.7%.
https://www.cnbc.com/2024/04/10/cpi-inflation-march-2024-consumer-prices-rose-3point5percent-from-a-year-ago-in-march.html
SPX 0-dte
#SPX0dte I am not trading before CPI, but watching a centered test trade going for 23.85. That’s only 6.15 of risk, which is quite tempting.
I will watch movement and consider a trade if volatility starts dropping and SPX calms down.
SPY Expiration
1 SPY 04/09/2024 530/523 Bear Call Spread – Sold yesterday at $0.24
VXX UVXY SPY Calls
Sold 1 VXX 04/12/2024 18.5/14.5 Bear Call Spread at $0.17 Credit
Sold 1 UVXY 04/12/2024 10/7.5 Bear Call Spread at $0.11 Credit
For the next 3 trading days:
Sold 1 SPY 04/10/2024 530/526 Bear Call Spread at $0.24 Credit
Sold 1 SPY 04/11/2024 530/527 Bear Call Spread at $0.28 Credit
Sold 1 SPY 04/12/2024 532/528 Bear Call Spread at $0.32 Credit
UDR HBAN Stock
Sold half of my tiny positions in UDR and HBAN
Sold HBAN at $14.04. Bought on 05/12/2022 at $12.61
Sold UDR at $37.92. Bought on 10/25/2023 at $34.00 (Sold today at yesterday’s high and it’s Ex-Div today so I get the $0.425 Dividend too)
NFLX
#onlyspreads
Sto NFLX 12 APR 2024 590/585 PUT @.21
NVDA
#onlyspreads
Sto NVDA 12 APR 2024 780/775 PUT @.26
TQQQ
Sto TQQQ 12 APR 2024 55/53 PUT @.21
C NVDA NFLX Puts
Sold 1 C 04/12/2024 55/58 Bull Put Spread at $0.18 Credit
#Earnings this week
Sold 1 NVDA 04/12/2024 795/800 Bull Put Spread at $0.24 Credit
Sold 1 NFLX 04/12/2024 585/590 Bull Put Spread at $0.25 Credit
GLD SBUX UPS
Sold 1 GLD 04/17/2024 230/225 Bear Call Spread at $0.34 Credit
Sold 1 GLD 04/10/2024 225/220 Bear Call Spread at $0.51 Credit (expires tomorrow)
Sold SBUX 04/12/2024 88.0 Covered Calls at $0.52 and $0.58 against long stock Put to me Friday
Sold 1 UPS 04/12/2024 145.0 Put at $0.24
SPX 0-dte trades 4/9/24
#SPX1dte Sold to Open $SPX Apr 9th 5180/5210-5215/5245 condors for 15.15, IV 16.64%, at 9:28 ET
SPY Expiration
1 SPY 04/08/2024 522 Call – Sold this morning at $0.17
1 SPY 04/08/2024 535/530 Bear Call Spread – sold last Thursday at $0.24
1 SPY 04/08/2024 500/505 Bull Put Spread – sold last Tuesday at $0.17
ARM COIN Call
#coveredcalls
$ARM STO 4/12 132 call at $1.10
$COIN STO 4/12 272.5 call at $3.55
UPS Diagonal Calls
Bought 1 UPS 04/19/2024 162.5 Call / Sold 1 UPS 04/12/2024 155.0 Call at $0.45 Credit
SPY Calls 1DTE
Sold 1 SPY 04/09/2024 530/523 Bear Call Spread at $0.24 Credit
SPY Call 0DTE
Sold 1 SPY 04/08/2024 522.00 Call at $0.17
Options Bistro 