OptionsExpiration

Expired:
1 CPB 41 Put
1 CSCO 44.5 Put
1 HAL 33.5 Put
1 SLB 41.5 Put
1 PARA 11.5 Put
1 AAP 61 Put
1 KOLD 36 Put
1 BMY 43.5 Covered Call
1 BMY 45.5 Covered Call
1 BMY 47.0 Covered Call
1 BOIL 13.5/15/23/24.5 Iron Condor
1 CVS 63.0 Covered Call
1 GILD 69.0 Covered Call
1 GME 12.5/21.5/65/75 Iron Condor
1 GME 12.5/22.5/65/75 Iron Condor
1 GME 85/80 Bear Call Spread
1 VFC 14.0 Covered Call
1 VXX 16/13 Bear Call Spread
VXX 13.0 Covered Calls

Assignments:
CLF 17.0 Puts (last night)
CVS 61.0 Covered Call – stock put to me at 60 a few weeks ago
SBUX 80.0 Covered Call – stock put to me at 80 a few weeks ago

SPY Expiration

1 SPY Jun 06 2024 517/520 Bull Put Spread
The last of my current put ladder

VXX Long Term Puts

Bought 2 VXX Jan 17 2025 6.0 Puts at $0.17.
#VXXContango

GME on the open

Sold 1 GME Jun 07 85/80 Bear Call Spread at $0.23 Credit

Sold 1 GME Jun 14 2024 70/65 Bear Call Spread at $0.50 Credit

Sold GME Jun 07 2024 15/21.5 Bull Put Spreads at $0.12 Credit

SPX

Not a lot of premium first two days next week. Things crank up again on Wed.

Bought to Close Jun 07 2024 5320.0 Puts @ .75 (sold for 14.05)
Bought to Close Jun 07 2024 5320.0 Put @ .75 (sold for 11.20)

Sold SPX Jun 10 2024 5330.0 Puts @ 4.25

Totally flat, only my 401k…

Totally flat, only my 401k has some open ETF long positions. Feels weird, first time totally flat since 2004 but wife said NO TRADING on vacation…….I will miss it!!!

TQQQ,

My June 7, 50 puts will expire at zero today.

NVDA pin

Theory is that the stock will pin at 1200 at the close today. Sold to open $NVDA Jun 7 1195/1200/1205 iron fly @ 4.50. Risking .50.

Going flat for 2 weeks…

Going flat for 2 weeks as we will be in France on a well deserved vacation. I may trade once I get over there but at least wanted to be flat for the first part as anytime I cannot access the market (airplane, train, deep in the woods) the market does some stupid stuff. I try to learn something everyday but this was the hardest lesson.

Anyway, over the last few years I have been perfecting butterfly tactics with adjustments when needed and am currently working on asymmetric iron condors. If interested I will post them when I get back. Not as a “service style” but you are all skilled traders. I could just post a screenshot and you can trade it from there.

We charged 5k a year for the service and my official results are about 168% returns since October 2022 when we started it. Better returns in higher VIX but still works now. Just $500 profits on 10 SPX contracts instead of 1-3k when the VIX is over 20.

But I don’t want to overload posting so if no interest no hard feelings, I trade it myself anyway.

But I will say from the professional side it was a lot of work and not enough return and even if we gave them explicit instructions people would still screw it up. I know those here will not.

Have a great few weeks and will catch up when we are back in the USA!

XBI

Starter. Come and get it.

Sold XBI Jul 19 2024 87.0 Put @ 1.40

GME

If anyone is interested:

Roaring Kitty Livestream:

May Jobs Report

#Jobs — Gains blow out expectations, UE rises to highest since Jan 2022

Gain of +272,000 non-farm payroll jobs, vs. expected gain of 190K
Unemployment up 0.1% to 4.0%, vs expectation of unchanged
U6 unemployment 7.4%, unchanged
Labor force participation down 0.2 to 62.5%
Average hourly earnings up by 0.4%, more than expected; +4.1% Y/Y

March jobs revised down by -5K to +310K
April jobs revised down by -10K to +165K