Premium gets a LOT better on Wed.
Bought to Close SPX Jun 10 2024 5330.0 Puts @ .10 (sold for 4.25)
Sold SPX Jun 11 2024 5340.0 Puts @ 3.10
Monthly Archives: June 2024
SPY Puts
Sold 1 SPY 06/11/2024 523/528 Bull Put Spread at $0.22 Credit
Covered Calls and small Puts
Sold 1 BMY 06/14/2024 44.5 Covered Call at $0.04
Sold 1 BMY 06/21/2024 43.5 Covered Call at $0.17
Sold 1 BMY 06/21/2024 44.5 Covered Call at $0.09
Sold 1 BMY 06/28/2024 45.0 Covered Call at $0.12
Sold 1 GILD 06/21/2024 69.0 Covered Call at $0.07
Sold VXX 06/14/2024 13.0 Covered Calls at $0.05
Sold 1 PARA 06/14/2024 11.5 Put at $0.10
Sold 1 AAP 06/14/2024 59.0 Put at $0.12
Sold 1 SQQQ 06/14/2024 9.0 Put at $0.12
Sold 1 UPS 06/14/2024 133.0 Put at $0.38
Sold 1 KOLD 06/14/2024 29.0 Put at $0.40
#EveryLittleBitHelps
Earnings 6/10 – 6/14
Economic Calendar 6/10 – 6/14
The big day is Wednesday.
SPX 0-dte 6/10/24
#SPX0dte Sold to Open $SPX 5275/5295-5380/5400 condors for 1.15, IV 17.17%, deltas -.07 +.07
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
SPY Expiration
1 SPY Jun 06 2024 513/521 Bull Put Spread
GME
The Roaring Kitty guy is doing a livestream tomorrow so closing for safety.
Bought to Close Jun 21st 17.5/10.0 Bull Put Spreads @ .29 (sold for .48)
NVDA
Wow! What happened? Nearly 90 points in 15 minutes.
SPX
Since these were only worth about a dollar and the market doesn’t feel like a big selloff is coming today (LOL famous last words!) rolling early to keep the theta going. More data coming tomorrow so still nice premium down at the expected move.
Rolled SPX Jun 06 2024 5310.0 Puts to Jun 07 2024 5320.0 Puts @ 7.00 credit (14.05 total now)
Rolled SPX Jun 06 2024 5320.0 Put to Jun 07 2024 5320.0 Put @ 6.50 credit (11.20 total now)
TICK down
Interesting morning with the $TICK, we opened higher and have had upside mini-spikes but TICK chart opened at and has stayed near -600. What does it meeeeaaannn?
SPX 0-dte trades 6/6/24
#SPX0dte Sold to Open $SPX Jun 6th 5320/5350-5355/5385 condors for 14.55, IV 17.81%, at 8:46 ET
SPY Expiration
1 SPY 515/522 Bull Put Spread
1 SPY 511/520 Bull Put Spread
XBI
Never got anywhere close to a full position but I’ll take ’em.
Bought to Close XBI Jun 21 2024 84.0 Put @ .14 (sold for 1.50)
Bought to Close XBI Jun 21 2024 85.0 Put @ .18 (sold for 1.67)
HE
#coveredcalls
#everylittlebithelps
SOLD HE 7 JUN 24 11 CALL @.06
Roll NOVO COIN ARM TTD Call / OLLI Call
#coveredcalls #rolling
$NVO BTC 6/7 139 call and STO 6/14 141 call at even.
$COIN BTC 6/7 245 call and STO 6/14 255 call at .85 added credit plus the $2 if balled away.
$ARM BTC 6/7 129 call and STO 6/14 134 call at cost of .40 but gain $5 if called away.
$TTD BTC 6/7 96 call and STO 6/14 98 call at even.
#coveredcalls
$OLLI STO 6/21 95 call at $1. Earnings were very good.
SPY
Taking these as quick scalps at 55-60 percent of max many weeks early.
Bought to Close SPY Jul 12 2024 505.0 Put @ 1.39 (sold for 3.00)
Bought to Close SPY Jul 19 2024 495.0 Put @ 1.13 (sold for 2.83)
Bought to Close SPY Jul 31 2024 490.0 Put @ 1.33 (sold for 2.90)
SPX
Added another synthetic short in non taxable account. I’ll be looking to close the one in the taxable account soon. Easier to do these if they are all together in one spot. That’ll be it until Sep when the Dec 2030s come along.
Added Dec 2027 5400/5400/5800 @ 202.00
Sold SPX Jun 06 2024 5320.0 Put @ 4.70
SPY
Another new ALL TIME high 😦
SPX
Finally a little dip to get this done.
Bought to Close SPX Jun 05 2024 5280.0 Puts @ .55 (sold for 14.90)
Sold SPX Jun 06 2024 5310.0 Puts @ 7.05
SPX 0-DTE waited till after…
SPX 0-DTE
waited till after the ISM reports and entered a wider IC 5270/5300/5315/5345 and collected 13.20 at 7:06 PST. Swings were strong already at that time and I closed for 12.85 at 7:34. I feel lucky.
GME SBUX Calls
Sold 1 GME Jun 14 2024 42/40 Bear Call Spread at $0.22 Credit
#Earnings on 06/11
Rolled 1 SBUX Jun 07 2024 80 Covered Call to 1 SBUX Jun 14 80.0 Call at $0.35 Credit
#EveryLittleBitHelps
BA
Synthetic covered calls. Spending some of my premium received on the roll up and out. This should be a week or two prior to earnings.
Rolled BA Jun 07 2024 172.5 Calls to Jul 19 2024 180.0 Calls @ 2.75 debit. (.90 total now)
SPY Expiration
1 SPY 530 Diagonal Call
1 SPY 512/521 Bull Put Spread
1 SPY 516/522 Bull Put Spread
1 SPY 519/522 Bull Put Spread
1 SPY 521 Diagonal Put
SPY Puts
Extending my Put Ladder:
Sold 1 SPY Jun 05 2024 515/522 Bull Put Spread at $0.15 Credit
Sold 1 SPY Jun 06 2024 513/521 Bull Put Spread at $0.25 Credit
Sold 1 SPY Jun 07 2024 517/520 Bull Put Spread at $0.31 Credit
VKTX NVO Calls / VKTX Put
#coveredcalls
$VKTX STO 6/7 65 call at .63
$NVO STO 6/7 139 call at 1.52
#shortputs
$VKTX STO 6/7 60 put at .58
SPY Puts
Extending my Put ladder
Sold 1 SPY Jun 05/2024 514/520 Bull Put Spread at $0.22 Credit.
Also added 1 short SPY Jun 04 2024 521.0 Put at $0.13
SPX
Rolled out and down to tomorrow on the early small bounce. Great premium next week so I’d like to get out of these this week. Next week should be WILD!
Rolled SPX Jun 04 2024 5290.0 Puts to Jun 05 2024 5280.0 Puts @ even. (14.90 total now)
TOS charts frozen
At about 8:30 ET… anyone else?
SPX 0-dte 6/4/24
#SPX0dte Sold to Open $SPX Jun 4th 5230/5260-5265/5295 condors for 18.00, IV 21.75%, at 8:15 ET
SPY Expiration
1 SPY 06/03/2024 510/522 Bull Put Spread
1 SPY 06/03/2024 522 Diagonal Put
1 SPY 06/03/2024 520 Diagonal Put
SPY Put Rolls
Bought to close 1 SPY 06/03/2024 522.0 Put at $0.02. Sold 1 SPY 06/04/2024 522.0 Put at $0.29
Bought to close 1 SPY 06/03/2024 521.0 Put at $0.01. Sold 1 SPY 06/04/2024 521.0 Put at $0.19
ARM TTD Call
#coveredcalls
$ARM STO 6/7 129 call at 2.29
$TTD STO 6/7 96 call at .45
SPY Puts
Extending a new Put Ladder:
Sold 1 SPY Jun 04 2024 519/522 Bull Put Spread at $0.27 Credit
COIN Call
#coveredcalls
$COIN STO 6/7 245 call at 3.20
SPY
Selling the expected move and down under the 100 day.
Sold SPY Jul 12 2024 505.0 Put @ 3.00
TQQQ,
STO July 12, 50 puts at .82
Mexico ETFs
Not trading these but thought I would bring these to the attention of the members
MEXX down 25% today
EWW down almost 10%
The Mexican Peso experienced its worst single-day performance in four years following Claudia Sheinbaum‘s victory in the presidential election held on Sunday.
As of 08:15 a.m. in New York, the peso had dropped 3.4%, reaching 17.60 per dollar. This marks the sharpest decline since June 11, 2020, when it fell by 4.1% in a single day.
SPX
Time will tell if this was a good move or not. Bringing these back in to tomorrow. Instead of a roll booking it as a closing a position and then opening a new position.
Bought to Close SPX Jun 06 2024 5290.0 Puts @ 21.50 (sold for 23.15 and 23.75)
Sold SPX Jun 04 2024 5290.0 Puts @ 14.90
SPY
Calls
Sold to close 1 SPY 06/03/2024 528 Call and rolled it to 1 SPY 06/04/2024 531 Call at $0.86 Credit
Puts
Sold 1 SPY 06/03/2024 522 Put at $0.13
Bought 1 SPY 06/04/2024 512 Put / Sold 1 SPY 06/03/2024 522 Put for a diagonal Credit of $0.12
Bought 1 SPY 06/05/2024 511 Put / Sold 1 SPY 06/03/2024 521 Put for a diagonal Credit of $0.29
Bought 1 SPY 06/06/2024 510 Put / Sold 1 SPY 06/03/2024 520 Put for a diagonal Credit of $0.08
CPB CSCO HAL
Sold some small puts
1 CPB Jun 07 2024 41 Put at $0.12
1 CSCO Jun 07 2024 44.5 Put at $0.06
1 HAL Jun 07 2024 33.5 Put at $0.07
#EveryLittleBitHelps
BOIL SBUX CVS Calls
Bought 1 BOIL Jun 14 2024 24 Call / Sold 1 BOIL Jun 07 2024 19 Call for a diagonal credit of $0.34
Sold 1 BOIL Jun 07 2024 25/21 Bear Call Spread at $0.29 Credit
Bought 1 SBUX Jun 14 2024 86 Call / Sold 1 SBUX Jun 07 2024 83 Call for a diagonal credit of $0.18
Sold 1 CVS Jun 07 2024 61.0 Covered Call at $0.30
GME Calls
Sold 1 GME 06/07/2024 75/65 Bear Call Spreads at $0.25 and $0.41 Credits
SPX 0-dte trades 6/3/24
#SPX0dte Sold to Open $SPX Jun 3rd 5265/5295-5300/5330 condors for 14.85, IV 17.26%, at 8:28 ET
Earnings 6/3 – 6/7
Economic Calendar 6/3 – 6/7
JOBS report on Friday, and other data each morning this week.
Options Bistro 