#onlyspreads
Sto META 12 APR 2024 490/485 PUT @.18
Sto META 12 APR 2024 485/482.5 PUT @.09
Sto AMD 12 APR 2024 152.5/150 PUT @.09
Sto COST 12 APR 2024 680/675 PUT @.12
Sto NVDA 12 APR 2024 805/800 PUT @.21
Sto NFLX 12 APR 2024 590/585 PUT @.16
#coveredcalls
Sto HE 19 APR 2024 14 CALL @.05
Sto HE 19 APR 2024 11 CALL @.56
Sto F 12 APR 2024 13.5 CALL @.17
#SPX0dte Sold to Open $SPX Apr 8th 5175/5205-5210/5240 condors for 16.85, IV 20.35%, at 8:25 ET
CPI report is Wednesday morning
Expired on a wild week:
SPY 505/510 Bull Put Spread
SPY 530/525 Bear Call Spread
GLD 222.5/217.5 Bear Call Spread
LABU 88/99 Bull Put Spread
DIS 130/127 Bear Call Spread
DIS 130/126 Bear Call Spread
DIS 130/121 Bear Call Spread
UPS 140/143 Bull Put Spread
AAPL 160/165 Bull Put Spread
ACN 325/327.5 Bull Put Spread
ACN 325/330 Bull Put Spread
ACN 355/350 Bear Call Spreads
VXX 17/14.5 Bear Call Spread
UVXY 9.5 Covered Calls
AAP 89/87 Bear Call Spread
ULTA 410/420 Bull Put Spread
TSLA 155 Diagonal Put
BOIL 17.5 Covered Calls
BOIL 17.0 Covered Call
GILD 69.0 Put
GILD 68.0 Put
NKE 88.0 Put
ETSY 61.0 Put
WBA 18.0 Put
WBA 19.0 Put
CMCSA 40.5 Put
Assignments:
SBUX 88.0 Puts
WBA 19.5 Put
#coveredcalls
$COIN BTC 4/12 295 call at .35. Sto at 9.73 on 3/28
#SyntheticShortStock – Wow. Didn’t see this reversal coming. Way too early on these this morning. Out a week and down a couple strikes. May adjust again Monday.
Rolled SPX Apr 05 2024 5250.0 Puts to Apr 12 2024 5240.0 Puts @ even (22.65 total now)
Bought to close 2 UPS 04/05/2024 155.00 Calls at $0.01 (Sold at $0.28 and $0.35)
Sold to close 1 UPS 04/05/2024 160.00 Call at $0.01 (Bought at $0.04)
Rolled 1 UPS 04/05/2024 149.0 Call UP to 1 UPS 04/12/2024 150.0 Call at $0.62 Credit
#ReleaseCapital
One of those unusual days when the SPY and the VIX ETF’s plus GLD (gold) are all UP
Bought 1 TSLA 04/12/2024 130.0 Put / Sold 1 TSLA 04/05/2024 155.0 Put at $0.27 Credit
Rolled out another week at the same strike
Rolled 1 DJT Apr 05 2024 20.0 Put to next week for $0.09 Credit
BTC May 10, 50 puts at 1.01 which is where I sold them yesterday. I am now 100% cash and just waiting and watching.
New high today
Sold 1 GLD 04/12/2024 227.5/222.5 Bear Call Spread at $0.28
SPX
Haven’t seen this high expected move in a long time. Remain on the sideline. maybe later.
#SPX0dte Sold to Open $SPX Apr 5th 5130/5160-5165/5185 condors for 20.35, IV 31.03%, at 9:32 ET.
I watched several spreads in pre-market, but IV nor premium really dropped much between jobs report and the open. So I didn’t feel I would get an advantage entering before the open.
#Jobs — Gains exceed expectations once again.
Gain of +303,000 non-farm payroll jobs, vs. expected gain of 214K
Unemployment down 0.1% to 3.8%, as expected
U6 unemployment 7.3%, unchanged
Labor force participation up 0.2% to 62.7%
Average hourly earnings up by 0.3%, as expected; +4.1% Y/Y as expected
February jobs revised down by -5K to +270K
January jobs revised up by +27K to +256K
1 SPY 04/04/2024 530/524 Bear Call Spread – sold Monday at $1.43
1 SPY 04/04/2024 505/510 Bull Put Spread – sold Tuesday at $0.17
1 SPY 04/04/2024 500/509 Bull Put Spread -Sold Tuesday at $0.23
Itlooks like a close below the 50 day MA. I think the first support is 52 to 54.
SOmething did not smell right so I bought back the May 10, 50 puts that I sold at a 2 cent profir and just now sold them at 1.01,my thanhs to Niel Kaskari.
On the sudden pullback – SPY low so far is 514.85
Sold 1 SPY 04/12/2024 489/499 Bull Put Spread at $0.27 Credit
Sold 1 SPY 04/15/2024 488/498 Bull Put Spread at $0.28 Credit
Sold 1 SPY 04/16/2024 487/497 Bull Put Spread at $0.29 Credit
On a sudden market pullback
Sold UVXY 04/12/2024 9/7.5 Bear Call Spreads at $0.07 Credit
Sold VXX 04/12/2024 17.5/15 Bear Call Spreads at $0.10 Credit
#SyntheticShortStock – More data coming in the morning so very aggressive here. No clue how the market will react.
Rolled SPX Apr 05 2024 5240.0 Puts to Apr 05 2024 5250.0 Puts @ 3.85 credit (22.65 total now)
Bought to close 1 UPS 04/05/2024 136/145 Bull Put Spread at $0.01
Bought to close 1 UPS 04/05/2024 138/144 Bull Put Spread at $0.01
#ReleaseCapital
Sold 1 AAP 04/05/2024 89/87 Bear Call Spread at $0.18 Credit
Sold 1 SPY 04/08/2024 535/530 Bear Call Spread at $0.24 Credit
Sold 1 SPY 04/05/2024 530/525 Bear Call Spread at $1.05 Credit
#SPX0dte Another over-reaction to data, this time slight rise in weekly jobless claims. Not sure if I’ll place a trade before the open.
1 SPY 04/03/2024 505/510 Bull Put Spread – sold yesterday at $0.13
Sold 1 UPS 04/05/2024 155.00 Diagonal Call at $0.28
Sold 1 ULTA 04/05/2024 410/420 Bear Call Spread at $0.30 Credit
Fading the gold / silver run a bit
Sold 1 GLD 04/05/2024 222.5/217.5 Bear Call Spread at $0.18 Credit
Sold 1 SLV 04/05/2024 28/25 Bear Call Spread at $0.18 Credit
BOT AMDY @20.81
OT
I am using FireFox browser and I am getting a message that connection is lost several times a day, I also see that it doesn’t refresh sometimes even after I had re-connected. I cleared the history, switched of the enhanced tracking but the issues remain. Anyone has similar issues and knows the solution?
Thanks
Sold 1 LABU Apr 05 2024 89/99 Bull Put Spread at $0.53 Credit
Sold 1 SBUX Apr 05 2024 86/88 Bull Put Spread at $0.22 Credit
#SPX0dte Sold to Open $SPX Apr 3rd 5170/5200-5205/5235 condors for 15.85, IV 18.38%, at 8:41 ET
#shortputs
Sto HE 5 APR 2024 11 PUT @.16
As noted below – SPY Bottomed at about 516.50
Sold 1 SPY 04/08/2024 500/505 Bull Put Spread at $0.17 Credit
Sold 1 SPY 04/05/2024 505/510 Bull Put Spread at $0.34 Credit
Sold 1 SPY 04/04/2024 505/510 Bull Put Spread at $0.17 Credit
Sold 1 SPY 04/04/2024 500/509 Bull Put Spread at $0.23 Credit
Sold 1 SPY 04/03/2024 505/510 Bull Put Spread at $0.13 Credit
Sold 1 VXX 04/05/2024 14.50 Call at $0.13
Sold VXX 04/05/2024 14.00 Calls at $0.21 and $0.33
Sold 1 VXX 04/12/2024 15.50 Call at $0.22
Sold UVXY 04/12/2024 8.00 Calls at $0.15
Sold UVXY 04/19/2024 9.00 Calls at $0.15
VXX and UVXY peaked out at about 10:15, the same time as SPY bottomed at 516.50
#SyntheticShortStock – Out to Friday and down a strike.
Rolled SPX Apr 02 2024 5245.0 Puts to Apr 05 2024 5240.0 Puts @ 2.00 credit (18.80 total now)
Added to the economic calendar is Powell speaking Wednesday at 12:10pm ET
#SPX0dte Sold to Open $SPX Apr 2nd 5190/5220-5225/5245 condors for 14.15, IV 15.43%
Futures trending lower after a day with a decent drop, so this is riskier positioning than last week has been. Also would like to be out by 10a ET to avoid in reaction to JOLT jobs report.
1 SPY 04/01/2024 526.00 Call
UVXY Apr 05 2024 8.5 Covered Calls at $0.03
UVXY Apr 05 2024 7.0 Covered Calls at $0.06
VXX Apr 05 2024 14.0 Covered Call at $0.09
VXX Apr 12 2024 15.5 Covered Call at $0.11
VXX Apr 19 2024 17.5 Covered Call at $0.11
TSLA Apr 05 20214 135.0 Put at $0.06
BA Apr 05 2024 172.5 Put at $0.06
NKE Apr 05 2024 89.0 Put at $0.07
ETSY Apr 05 2024 61.0 Put at $0.08
WBA Apr 05 2024 19.0 Put at $0.09
#EveryLittleBitHelps
Sold 1 SPY 04/04/2024 530/524 Bear Call Spread at $1.43 Credit
#SyntheticShortStock – Straight roll today.
Rolled SPX Apr 01 2024 5245.0 Puts to Apr 02 2024 5245.0 Puts @ 6.25 credit (16.80 total now)
Sold 1 AAPL 160/165 Bull Put Spread at $0.23 Credit
Sto May 10, 50 puts at .65, added to the short.
STO May 10, 50 puts at .63 cents
#SPX0dte Sold to Open $SPX Apr 1st 5230/5260-5265/5295 for 12.80, IV 14.78%
Options Bistro 