Despite closing at 44.94, I got a tiny fill on BMY at $43.00 after hours.
Daily Archives: Friday, May 10, 2024
OptionsExpiration
Another active #Earnings driven week, That’s about done for this quarter.
Spreads:
AKAM 78/83 Bull Put Spread
CAVA 66/71/81/85 Iron Condor
CMG 3120/3140 Bull Put Spread
DIS 98/103 Bull Put Spread
HIMS 19.5/15.5 Bear Call Spread
HIMS 19/15 Bear Call Spread
HIMS 18.5/14.5 Bear Call Spread
NUE 167.5/172.5 Bull Put Spreads
NUE 175 Diagonal Call
PLTR 16/20/29/33 Iron Condor
SBUX 70/71 Bull Put Spread
SBUX 71 Diagonal Put
SHOP 53/57 Bull Put Spread
SHOP 52/56 Bull Put Spread
UPS 160/148 Bear Call Spreads
UPS 144 Diagonal Put
VXX 18/13 Bear Call Spread
VXX 22/16 Bear Call Spreads
WYNN 86/91 Bull Put Spread
Covered Calls:
BOIL 16.5 Call
CVS 59 Call
CVS 60 Call
GILD 69 Call
SBUX 80 Call
VXX 13 Calls
Assignments:
CLF 19.5 Put
SPY Expiration
1 SPY 05/10/2024 516/519 Bull Put Spread – sold today at $0.30
MARA Put Roll
#shortputs
$MARA BTC 5/10 19 put and STO 5/17 18.50 put at added credit of .05 and .50 less if assigned next week.
NVO Call Roll
#coveredcalls
$NVO BTC 5/10 127 call and STO 5/17 128 call at cost of .20. Misread my screen. Thought this was a credit. Do not like to roll at a debit. Note to self. Go to ophthalmologist.
USOY
BOT USOY @20.04
CLF Put
Bought to close 1 CLF May 10 2024 17.5 Put at $0.01. Sold on a roll last week at $0.67
Economic Calendar 5/13 – 5/17
Starting with this post, I am including only the U.S. items and only “2-bull” and “3-bull” items (ignoring minor items that are rated 1-bull). This is because in recent weeks there have been several 2-bull entries that have caused sharp intraday moves. However, even 3-bull entries for other countries fail to have significant effect. So for the purposes of intraday trading decisions, I hope this is the best use of the Bloomberg website’s calendar. You can find the calendar and make your own filters here: Bloomberg Economic Calendar
Also, you can always find this post quickly by clicking on “Economic Calendar” in the menu at top of this site.
SBUX F
Starting a new SPY Put Ladder
Sold 1 SPY 05/10/2024 516/519 Bull Put Spread at $0.30 Credit
Sold 1 SPY 05/13/2024 513/517 Bull Put Spread at $0.34 Credit
Sold 1 SPY 05/14/2024 510/515 Bull Put Spread at $0.32 Credit (paired with the calls sold yesterday)
SPX 0-dte trades 5/10/24
#SPX0dte Sold to Open $SPX May 10th 5180/5200-5265/5285 condors for 1.35, IV 15.65%, deltas -.11, +.07
This is much more aggressive than usual. My thinking is we are pretty stretched to upside and that we’ll go higher but not THIS much past all-time highs today. But if we do, my long 5160/5180 call spread for May 14th will be making up for any stop loss for today. As for downside, I don’t see a dip happening today.
I will likely take profits on HALF of the long spread today, currently +4.50 in black. Sure enough, the May 10th spread that I took 1.10 in profit on yesterday is over 4.00 this morning.
Options Bistro 