Options Expiration

WOW. Big move on expiration day. But I survived unscathed … mostly
Here is what I had left after covering and rollouts;
Expired:
BOIL 7.5 Put
DG 75 Put
DLTR 65 Put
DLTR 60 Put
MU 85 Put
SLB 40.5 Put
SOXL 23 Put

AMZN 187.5/180 Bear Call Spread
AMZN 182.5 Diagonal Call
BA 145/150 Bull Put Spread
BBY 103 Diagonal Call
DOCU 48/52 Bull Put Spread
GLD 220/227/235/240 Iron Condor
GTLB 36/39 Bull Put Spread
MU 79/84 Bull Put Spread
SOXL 54/44 Bear Call Spread
SPY 515 Diagonal Put
SPY 530/535 Bull Put Spread
SPY 556 Diagonal Call
SPY 562/553 Bear Call Spread
SPY 570/547 Bear Call Spread – a huge winner on a position rolled many times
TQQQ 80/75 Bear Call Spread
TZA 12/14 Bull Put Spread
UPS 118/126 Bull Put Spread
VFC 21/18 Bear Call Spread
VFC 18.5 Diagonal Call
VXX 40/44 Bull Put Spread
VXX 43.5 Diagonal Put
VXX 74/63 Bear Call Spread
VXX 72/60 Bear Call Spread
VXX 80/70 Bear Call Spread

BOIL 10.5 Covered Call
CLF 15.5 Covered Calls
CVS 64 Covered Call
FCX 45 Covered Call
SOXL 37.5 Covered Call
SOXL 43.5 Covered Call
TQQQ 71 Covered Call

Assignments:
This is a week when not all the 99% puts work
1 TQQQ 57.0 Put – in the money by only $0.01 – I tried to cover but not worried
1 SOXL 28.0 Put – will start a call writing program next week

TQQQ SPY last minute rolls

I was hoping for a rebound that never happened
Bought to close 1 TQQQ 52/57 Bull Put Spread at $0.15 – Sold Tues at $0.20
Sold 1 TQQQ 09/13/2024 50/56 Bull Put Spread at $1.45 Credit to replace it.

Bought to close 1 SPY 523/540 Bull Put Spread at $0.55
Sold 1 SPY 09/09/2024 527/538 Bull Put Spread at $1.59 Credit to replace it.

Bought to close 1 SPY 539 Diagonal Put at $0.27.
Sold 1 SPY 09/09/2024 535 Put at $0.82 to replace it

Bought to close 1 SPY 525/541 Bull Put Spread at $0.49
Sold 1 SPY 09/09/2024 525/539 Bull Put Spread at $1.47 Credit to replace it.

Cannot get decent fills on…

Cannot get decent fills on SPX so I am taking a chance on a bottom here and try again to close the butterflies next week. Still have 14 DTE left. If it doesn’t work out I can go flat next week by converting my BWB to a BWIC (broken wing iron condor). It does not confirm profits but lowers the risk.

The prices are $4.05 wide on the bid-ask. No point in losing money because the market maker prices suck right now.

AAP BEN CTRA CVX OXY Stock

Tiny Buys at new lows:
AAP at $40.00
BEN at $19.30
CTRA at $23.00
CVX at $139.00
OXY at $53.00
#FallingKnife

Market tagged the third and…

Market tagged the third and final pivot point almost to the tick. Hopefully that is the bottom and now I can do some damage control.

VXX

Iceman gave me the idea with his VXX call spreads. Just a small one to mess around with. Synthetic short stock with a long disaster call.

VXX Jan 16 2026 55/55/85 @ 16.00 debit.

And:

Sold VXX Sep 13 2024 55.0 Put @ 2.95

#contango

VXX Call Rollup

Not waiting for the time premium to fade away for this week
Rolled 1 VXX 79/57 Bear Call Spread to next week’s VXX 80/60 Bear Call Spread at $0.87 Credit
Slightly smaller margin requirement

Spot Gamma

Wouldn’t accept my copy/paste. I’ll try the link. Pretty much nailed the downside risk.

https://tinyurl.com/57zp9z3j

AMZN Calls

Bought to close 1 AMZN 187.5/177.5 Bear Call Spread at $0.02
Sold earlier in the week at $1.92 Credit
#ReleasingMargin

SPY

Starting to see some nice premium below the 200 day now.

Sold SPY Oct 18 2024 500.0 Put @ 3.50
Sold SPY Oct 18 2024 490.0 Put @ 3.00

Hopefully the bottom is in…

Hopefully the bottom is in for the day, hate adjusting positions at the lowest point because then always get the whipsaw.

SPY Put

Sold 1 SPY 09/06/2024 541.0 Put at $0.36
Expires today

SPX 0-dte trades for 9/6

#SPX0dte Sold to Open $SPX Sept 6th 5385/5405-5585/5605 condors for 1.55, IV 35.83%, deltas -.06 +.06

August Jobs Report

#Jobs — Close to expectations, with drop in UE

Gain of +142,000 non-farm payroll jobs, vs. expected gain of 161K
Unemployment down 0.1% to 4.2%, as expected
U6 unemployment 7.9%, up by 0.1
Labor force participation unchanged at 62.7%
Average hourly earnings up by 0.4%; +3.8% Y/Y

June jobs revised down by -61K to +118K
July jobs revised down by -25K to +89K