Monthly Archives: May 2024
SPY Expiration
1 SPY 05/09/2024 490/495 Bull Put Spread – sold at $0.40
1 SPY 05/09/2024 470/480 Bull Put Spread – sold at $0.60
These are the last of my SPY Puts
I need to reload
SPY Calls
Sold 1 SPY 05/14/2024 526/523 Bear Call Spread at $0.59 Credit
BMY Covered Call Ladder
Sold 1 BMY May 31 2024 47.0 Covered Call at $0.18
Sold 1 BMY May 24 2024 46.5 Covered Call at $0.14
Sold 1 BMY May 17 2024 46.0 Covered Call at $0.09
#EveryLittleBitHelps
AKAM Puts
Sold 1 AKAM May 10 2024 78/83 Bull Put Spread at $0.27 Credit
#Earning tonight
CMG Puts
Sold 1 CMG May 10 2024 3120/3140 Bull Put Spread at $1.36 Credit
Paired off with short call spread sold on Monday
AKAM SONY TRIP small Puts
Sold 1 AKAM May 10 2024 78 Put at $0.10
Sold 1 SONY May 10 2024 74 Put at $0.10
Sold 1 TRIP May 10 2024 17 Put at $0.10
SPX 0-dte trades 5/9/24
#SPX0dte Sold to Open $SPX May 9th 5155/5185-5190/5220 condors for 13.829, IV 16.03%, at 8:46 ET
SPY Expiration
1 SPY 05/08/2024 470/480 Bull Put Spread – sold at $0.55
SBUX Covered Call
Sold 1 SBUX May 17 2024 77 Call at $0.23
XBI
#ShortPuts – Adding. Goal is 1.50 on each additional one.
Sold XBI Jun 21 2024 84.0 Put @ 1.50
SHOP Puts
Sold 1 SHOP May 10 2024 53/57 Bull Put Spread at $0.29 Credit
Sold 1 SHOP May 10 2024 52/56 Bull Put Spread at $0.17 Credit
#PostEarnings
SPX 0-dte trades 5/8/24
#SPX0dte No new trade yet but I did pay to close short put side of May 10th #RiskReversal for .30. Not really threatened, but wanted to clear risk so I can enter a new one.
Upside Warning in effect
#VIXindicator After three consecutive $VIX closes below the 78.6 Fib retracement line, expect the likelihood of higher market over the coming days or weeks.
SPY QQQ Expiration
1 SPY 05/07/2024 480/485 Bull Put Spread – sold at $0.53
1 QQQ May 07/2024 405/415 Bull Put Spread – rolled down to this May 1st
XBI
#ShortPuts – Bait is in the water. Come and get it.
Sold XBI Jun 21 2024 85.0 Put @ 1.67
WYNN Puts
Sold 1 WYNN May 10 2024 86/91 Bull Put Spread at $0.25 Credit
#Earnings tonight
SBUX Diagonal Puts
Bought 1 SBUX May 17 2024 66 Put / Sold 1 SBUX May 10 2024 71.0 Put for a diagonal credit of $0.22.
CELH Put
#shortputs
$CELH STO 5/10 73 put at 1.56
UPS Diagonal Puts
Bought 1 UPS 05/17/2024 139 Put / Sold 1 UPS 05/10/2024 144 Put at $$0.41 Credit
CAVA DIS Put Spreads
Sold 1 CAVA 05/10/2024 66/70 Bull Put Spread at $0.41 Credit
Sold 1 DIS 05/10/2024 98/103 Bull Put Spread at $0.31 Credit
DIS is #PostEarnings
SPX 0-dte trades 5/7/24
#SPX0dte Sold to Open $SPX May 7th 5150/5180-5185/5215 condors for 13.45, IV 16.23%, at 8:24 ET
MARA Covered Strangle
#shortstrangles #coveredcalls
$MARA STO 5/10 19/22.5 Strangle at 1.30
SPY Expiration
1 SPY 05/06/2024 491/496 Bull Put Spread – sold at $0.32
1 SPY 05/06/2024 489/494 Bull Put Spread – sold at $0.35
1 SPY 05/06/2024 480/485 Bull Put Spread – sold at $0.49
SBUX Diagonal Puts
Bought 1 SBUX May 17 2024 67.5 Put / Sold 1 SBUX May 10 2024 72.0 Put for a diagonal credit of $0.26.
XBI
#ShortPuts – Running into resistance so taking these and looking for a June re-load.
Bought to Close XBI May 17 2024 82.0 Put @ .14 (sold for 1.13)
Bought to Close XBI May 17 2024 84.0 Put @ .24 (sold for 1.62)
Bought to Close XBI May 17 2024 86.0 Put @ .47 (sold for 1.30)
Bought to Close XBI May 17 2024 87.0 Puts @ .64 (sold for 1.10)
HIMS Call Spread
Sold 1 HIMS 19.5/15.5 Bear Call Spread at $0.28 Credit
#Earnings
AI NVO Calls
#coveredcalls
$AI STO 5/10 26.5 calls at .13
$NVO STO 5/10 127 calls at .42
SPY
#ShortPuts – I’ll take ’em here.
Bought to Close SPY May 17 2024 495.0 Put @ .48 (sold for 2.34)
Bought to Close SPY May 24 2024 490.0 Put @ .64 (sold for 2.25)
Bought to Close SPY May 31 2024 485.0 Put @ .68 (sold for 2.25)
PLTR Iron Condor
Sold 1 PLTR May 10 2024 16/20/29/33 Iron Condor at S0.58 Credit
Off topic
https://www.cnbc.com/2024/05/06/renters-hopes-of-being-able-to-buy-a-home-have-fallen-to-a-record-low-new-york-fed-survey-shows.html
NY FED: FEB. YEAR-AHEAD EXPECTED RENT CLIMB AT 9.7% VS. FEB. 2023’S 8.2%
NY FED: EXPECTED YEAR-AHEAD RENT CLIMB SECOND HIGHEST IN SURVEY HISTORY
TQQQ
TQQQ,
STO May 31, 48 puts at .46
I am going to buy the options wheb I see the 4 week cross the 20 week MA.
BMY CVS GILD SBUX Covered Calls
Sold 1 BMY May 10 2024 45.5 Covered Call at $0.09
Sold CVS May 10 2024 59.0 Covered Calls at $0.06 and $0.07
Sold 1 GILD May 17 2024 69.0 Covered Call at $0.07
Sold 1 SBUX May 10 2024 77.0 Covered Call at $0.09
Sold 1 SBUX May 10 2024 80.0 Covered Call at $0.07
#EveryLittleBitHelps
SPY Call Rollup
On April 26th I 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.
Now I’m rolling again:
Rolled 1 SPY 05/06/2024 520/510 Bear Call Spread to 1 SPY 05/20/2024 530/515 Bear Call Spread at $0.16 Credit.
Pushed the short Call back out of the money for now.
CMG Diagonal Call
Bought 1 CMG May 17 2024 3,300 Call / Sold 1 CMG May 10 2024 3,200 Call at $6.70 Credit
VXX Long term diagonal Put
Bought 1 VXX Jan 17 2025 5 Put / Sold 1 VXX May 10 2024 125 Put at $0.09 Credit
Hoping to pick up another free long position by Friday
#VXXContango
Week-long Risk Reversal
#RiskReversal Taking the lowered $VIX as a sign of a move to new all-time highs. This one is tighter than I usually go on risk reversals, and I’m doing that because the vast majority of these expire worthless on both sides, but usually do result in some move toward the long side and no threat to short side.
Sold to Open May 10th 5050/5030 put spreads, delta -.10
Bought to Open May 10th 5240/5260 call spreads, delta +.07
Total CREDIT +.10
SPX 0-dte trades 5/6/24
#SPX0dte Sold to Open $SPX May 6th 5120/5150-5155/5185 condors for 14.40, IV 17.08%, at 8:27 ET
This week’s earnings
Economic Calendar 5/6 – 5/10
Downside Warning canceled
#VIXIndicator The $VIX closed below 14.32 on Friday, ending the Downside Warning. Closes like this on Monday and Tuesday will fire an Upside Warning.
Options Expiration
#optionsexpiration
$NVO 128 calls
$VKTX 79 calls
$CELH 77 calls
$COIN 260 calls
$VKTX 71 puts
$CELH 73 puts
$COIN 195 puts
OptionsExpiration
Another earning driven week. Huge declines in SBUX, CVS and BMY caused me to take some stock
Spreads:
SPY 485/490 Bull Put Spread
SPY 489/494 Bull Put Spread
SPY 492/497 Bull Put Spread
AMD 135/140 Bull Put Spread
BMY 41/43.5 Bull Put Spread
CMG 3035/3045 Bull Put Spread
CMG 3040/3050 Bull Put Spread
COIN 180/185/285/290 Short Iron Condor
CVNA 55/60 Bull Put Spread
DJT 60/55 Bear Call Spread
DJT 70/65 Bear Call Spread
EBAY 44/48 Bull Put Spread
HSY 170/175 Bull Put Spread
MGM 34/38 Bull Put Spread
MMM 80/85 Bull Put Spread
QQQ 411/416 Bull Put Spread
UPS 125/133 Bull Put Spread
UPS 139/143 Bull Put Spread
UPS 139/144 Bull Put Spread
UPS 160/152.5 Bear Call Spread
UVXY 50/40 Bear Call Spread
VXX 18/14 Bear Call Spreads
VXX 21/17.5 Bear Call Spreads
Covered Calls:
BMY 45 Call
BOIL 15.5 Call
CVS 57 Call
GILD 69 Cal
SBUX 90 Call
VFC 13.5 Call
VXX 13.5 Call
VXX 14.5 Calls
Assignments:
SBUX 82, 80 and 77 Puts – Div = 3.0%
CVS 64 and 60 Puts – Div = 4.8%
BMY 47.5 Put – Div = 5.5%
CMG Diagonal Call closed
Closed 1 CMG May 10 2024 3420 / CMG May 03 2024 3320 Diagonal Bear Call Spread at $0.17 Credit
Sold the spread on Monday at $2.75 Credit.
So a #WinWin
Major drop in VIX
#VIXindicator Barring an afternoon volatility spike, looks like Downside Warning will be canceled as the $VIX took a big plunge before the open on the Jobs report. This could put us in an Upside Warning as early as Tuesday’s close.
UNMA
#LONGTIME HOLD
Held since 2015/faithfully spit out 6.14% divi ,every year.
feel need to redeploy capitol.
SOLD UNMA @24.99
QQQ Puts Closed
Bought to close 1 QQQ May 06 2024 406/411 Bull Put Spread at $0.01 – sold Wednesday at $0.38
SPX 0-dte trades 5/3/24
#SPX0dte Sold to Open $SPX May 3rd 5030/5050-5180/5200 condors for 1.20, IV 27.50%, deltas -.07 +.05
April Jobs Report
#Jobs — Gains slowed in April, rising less than expected, which is good news for the hope of lower interest rates.
Gain of +175,000 non-farm payroll jobs, vs. expected gain of 240K
Unemployment up 0.1% to 3.9%, vs expectation of unchanged
U6 unemployment 7.4%, up by 0.1%
Labor force participation unchanged at 62.7%
Average hourly earnings up by 0.2%, less than expected; +3.9% Y/Y
February jobs revised down by -34K to +236K
March jobs revised up by +12K to +315K
SPY and QQQ Expiration
1 SPY 05/02/2024 493/498 Bull Put Spread – Sold on Tuesday at $0.23
1 SPY 05/02/2024 485/490 Bull Put Spread – Sold Apr 24th at $0.38
1 SPY 05/02/2024 524/519 Bear Call Spread – Sold Apr 26th at $0.46
1 QQQ 05/02/2024 417/422 Bull Put Spread – Sold on Monday at $0.52
COIN Iron Condor
Sold 1 COIN May 03 2024 180/185 Bull Put Spread at $0.24 Credit
Sold 1 COIN May 03 2024 285/290 Bear Call Spread at $0.22 Credit
Thanks @geewhiz112 for the idea
COIN NVO TTD Covered Calls
#coveredcalls
$COIN STO 5/3 260 call at 2.97
$NVO STO 5/3 128 call at .71
$TTD STO 5/10 92 call at 4.00
SBUX Diagonal Closed
Closed 1 SBUX May 10 2024 65.0 / SBUX May 03 2024 71.0 diagonal Put spread at $.01 – sold yesterday at $0.32
CRSH
#smallbuy
#dividends
BOT CRSH @20.28
SBUX
SOLD VERT ROLL SBUX from 3 MAY 2024 to 10 MAY 2024 from 78/74/ to 78/70 PUT @.61
F HE
Sto HE 17 MAY 2024 11 CALL @.19
Sto HE 17 MAY 2024 13 CALL @.05
—
#rolling
SOLD CALENDAR F /3 MAY 2024 13 PUT/10 MAY 2024 13 put @.16
SPY Expiration
1 SPY 05/01/2024 524/519 Bear Call Spread – sold Monday at $0.15
1 SPY 05/01/2024 485/490 Bull Put Spread – Sold last Wednesday at $0.28
QQQ Put Spreads
Sold 1 QQQ May 03 2024 411/416 Bull Put Spread at $0.38 Credit
Sold 1 QQQ May 06 2024 406/411 Bull Put Spread at $0.38 Credit
TQQQ,
STO June 21, 40 puts at .56
TQQQ
STO May 17, 45 puts at .32
STO May 24, 45 puts at .53
SBUX CVS Put Spreads
Post earnings
Bought 1 SBUX May 10 2024 65.0 Put / Sold 1 SBUX May 03 2024 71.0 Put at $0.32 Diagonal Credit.
Rolled down the long side of my SBUX 75/80 Bull Put Spread to the May 10 2024 70 Put at $1.90 Credit
Rolled down the long side of my CVS 60/64 Bull Put Spread to the May 10 2024 55 Put at $3.61 Credit
SPX 0-dte 5/1/24
#SPX0dte Little movement since the open but chain IV has gone from 39% to 56%. Test condors, both wide and tight, have not changed much in value. I will consider trades after press conference starts but likely only take some low risk long shots.
SPX Due to the FED…
SPX
Due to the FED Speak, bought an outlier bull call spread 5220/5230 for May 8 for .35 testing my luck.
ULTY
#smallbuy
#dividends
BOT ULTY @14.64
CMG Puts
Sold 1 CMG 05/03/2024 3035/3045 Bull Put Spread at $0.55 Credit
AMZN Puts Closed
Bought to close 1 AMZN May 03 2024 152.5/157.5 Bull Put Spread at $0.01.
Sold Monday at $0.37
Options Bistro 