BTO SPX 5450 calendars, Aug-12-24/Aug-09-24 @3.9 and Aug-19-24/Aug-16-24 @2.9
tiny trades, play a potential bounce, targeting $2-6 profit.
BTO SPX Aug-09-24/Aug-12-24 5200/5170 Put Diagonal @0.2 credit.
BTW, SPX today’s 5190 put was priced at 2.2 at one point, talking about fear…
After several panic rollouts (VXX Calls plus INTC, SOXL, SPY Puts) here is what I had left:
Expirations:
CLF 17.5 Covered Calls
CVS 67.0 Covered Calls
FCX 46.5 Covered Call
SBUX 84.0 Covered Call
SOXL 54.0 Covered Call
SOXL 26.0 Short Put
SOXS 20.5 Short Put
TQQQ 55.0 Short Put
WYNN 74.0 Short Put
ALB 77/84 Bull Put Spread
FCX 49/47 Bear Call Spread
NVDA 80/90 Bull Put Spread
SBUX 88/85 Bear Call Spread
SCHW 72/69 Bear Call Spread
SOXL 55/50 Bear Call Spread
SOXL 56/51 Bear Call Spread
TQQQ 77/74 Bear Call Spread
TQQQ 77.5/74.5 Bear Call Spread
UPS 115/123 Bull Put Spread
UPS 115/124 Bull Put Spread
UPS 115/126 Bull Put Spread
UPS 120/126 Bull Put Spread
UPS 127 Diagonal Put
Assignments:
1 TQQQ 71.0 Put (assigned last night)
At least I was able to sell the long 60.0 Put at $2.14 this morning.
Escalator Up, Elevator Down
August is usually the most volatile month of the year. It is keeping up with history so far 🙂
Algo says the bottom may be in for the day, at least on the 5 minute. Waiting until I see it on the 15 to take advantage of selling a bunch of premium and rolling options.
SPY: Another add.
Sold SPY Sep 20 2024 450.0 Put @ 3.00
VIX: I was a little too far out in time to really get the big pop. I’ll take the 34 percent though.
Sold to Close VIX Dec 18 2024 20/30 Bull Call Spreads @ 1.60 (bought for 1.06)
SPX
this drops are just way too tempting. Bought a Bull Call spread Aug09 5550/5560, that is a 7 Delta for .75.
Reasonable risk in my eyes, especially when looking at today.
Another add.
Sold SPY Sep 20 2024 470.0 Put @ 3.00
SPY: One add down below the 200 day.
Sold SPY Sep 20 2024 490.0 Put @ 3.30
TLT: Done with put sales until it comes back down a little.
Bought to Close TLT AUG 02 2024 93.0 Puts @ .01 (sold for 1.44)
#Jobs — Drop in job gains, below expectations, UE ticks up
Gain of +114,000 non-farm payroll jobs, vs. expected gain of 175K
Unemployment up 0.2% to 4.3%, highest since Oct 2021
U6 unemployment 7.8%, up by 0.4
Labor force participation up 0.1 to 62.7%
Average hourly earnings up by 0.2%; +3.6% Y/Y
May jobs revised down by -2K to +216K
June jobs revised down by -27K to +179K
Options Bistro 