Markets

GGyJpfjXcAAOX0E

Even within tech there is a staggering divergence – yesterday the Nasdaq hit a new record high despite more than 70% of the index closed lower on the session!

OptionsExpiration

The last one for a while as I wait for my account to be moved

EXPIRED:
1 BMY 43.5 Covered Call
1 BMY 44.5 Covered Call
1 CVS 61.0 Covered Call
1 GILD 69.0 Covered Call
1 VFC 14.0 Covered Call
VXX 13.0 Covered Calls
WBA 20.5 Covered Calls
1 UPS 133.0 Put
1 AAP 59.0 Put
1 KOLD 29.0 Put
1 BOIL 27.5/23.5 Bear Call Spread
1 GME 15.5/17.5/40/42 Short Iron Condor
1 GME 15.5/25/65/70 Short Iron Condor (now completely out of GME)
1 SBUX 86/80 Bear Call Spread
VXX 11.0 Diagonal Puts
VXX 17/13 Bear Call Spreads

ASSIGNMENTS:
1 SQQQ 9.0 Put (last night)
1 PARA 11.5 Put
CLF 16.0 Puts

Last Straw for Fidelity

After making a mistake and buying back at $0.01 a SPY put that I sold as part of a diagonal spread on the same day I sold it, Fidelity put my IRA on restriction for 90 days because I couldn’t meet a $28k day trade margin call.
I’m done with them. Moving this entire account to TT

SPX

Another round. Nice end to a record week…53.10 in premium. Thank you Fed! (technically 7 trading days going back to last Thursday)

Bought to Close SPX Jun 14 2024 5395.0 Puts @ 1.05 (sold for 15.90)

Sold SPX Jun 17 2024 5400.0 Puts @ 6.55

GME

#shortputs
#closing
#releasingcapitol

Btc GME 14 JUN 2024 29 PUT @1.11
sto Wednesday@3.19

XBI

Adding.

Sold XBI Jul 19 2024 88.0 Puts @ 1.30 and 1.40

TQQQ

STO August 2, 60 puts at 1.05

CSCO UPS Stock

Started tiny new positions
CSCO at $45.00
UPS at $133.00
#FallingKnife

TQQQ,

My June 14, 52 puts will expire at zero today.

VXX Long Term Puts

Bought VXX Jan 17 2025 6.0 Puts at $0.12
#VXXContango

SPX 0-dte trades 6/14/24

#SPX0dte After a week of wild swings and all-time highs, I think today’s market has a chance of bouncing from this overnight dip. Going with a #riskreversal

Sold to open $SPX Jun 14th 5350/5330 put spreads, delta -.07
Bought to open Jun 14th 5450/5465 call spreads, delta +.10
Total DEBIT -.30

Not looking for an ITM expiration; just 2 to 4 dollars on the intraday high.

Later I will share a new overnight trade I’ve been testing. Of course, after 8 straight days of testing success, my first day trying it live was a loss (due to this morning’s pre-market pullback). Seems to befall me every time I first switch from test to live!

#ironbutterfly