1 SPY 518/555 Bull Put Spread
1 SPY 541/551 Bull Put Spread
Did roll a couple of call spreads out a few days (got spooked by the big surge after the announcement. One of the Bear call spreads would have expired)
1 GLD 230/234/242/246 Iron Condor
1 GLD 228/234 Bull Put Spread
Sold 1 SPY 09/16/2024 541/551 Bull Put Spread at $0.15 Credit
Sold 1 SPY 09/16/2024 540/550 Bull Put Spread at $0.17 Credit
#EveryLittleBitHelps
Ooops
Selling iron fly for today at half the expected move. Risking a little of my SPY profits from earlier this week.
Sold today’s 5615/5640/5640/5665 @ 21.80
Extending my SPY Put ladder while premiums are high
Sold 1 SPY 09/24/2024 532/542 Bull Put Spread at $0.36 Credit
Sold 1 SPY 09/24/2024 531/541 Bull Put Spread at $0.52 Credit
#SPX0dte Well, taking the shot at an unpredictable move but high premium.
Sold to Open $SPX Sept 18th 5600/5630-5635/5665 condors for 25.05.
Risking 4.95, which is just a bit more in my profit so far this week. For now I’m targeting to close at 20.00, for 5.05 profit. But I’ll keep an eye on the day and maybe take profits early if there’s some decay. On the announcement and/or press conference, premium can drop super fast, and if we are not too far from the center point, 20.00 should not be a problem. But if we are far from center, I can either brace for a drift back through center or take a loss smaller than 4.95.
Sold 1 SPY 09/18/2024 541/551 Bull Put Spread at $0.21 Credit
1 SPY 09/17/2024 551/558 Bull Put Spread
1 SPY 09/17/2024 553/559 Bull Put Spread
1 SPY 09/17/2024 553/560 Bull Put Spread
All sold today.
#EveryLittleBitHelps
Sold 1 SPY 09/20/2024 540/551 Bull Put Spread at $1.03 Credit
Sold 1 SPY 09/23/2024 533/543 Bull Put Spread at $0.33 Credit
Sold 1 GLD 09/18/2024 230/234 Bull Put Spread at $0.13 Credit
Wednesday expiration
Sold 1 TQQQ 09/20/2024 76/71 Bear Call Spread at $0.57 Credit
Sold 1 TQQQ 09/20/2024 49/58 Bull Put Spread at $0.14 Credit
Sold 1 SPY 09/17/2024 553/560 Bull Put Spread at $0.25 Credit
Sold 1 SPY 09/17/2024 553/559 Bull Put Spread at $0.19 Credit
#0DTE
#VIXindicator The Downside Warning was canceled at the open, due to the SPX exceeding 5651, which was the high between the last Upside & Downside warnings.
#SPX0dte Sold to Open $SPX 5560/5580-5700/5720 condors for 1.20, IV 22.32%, deltas -.06 +.06, at 9:18am ET
1 SPY 536/546 Bull Put Spread
1 SPY 545/555 Bull Put Spread
1 GLD 245/241 Bear Call Spread
Sold 1 GLD 09/18/2024 246/242 Bear Call Spread at $0.31 Credit
Wednesday’s expiration
Bought 1 VXX Jan 17 2025 27.0 Put / Sold 1 VXX Sep 20 2024 47.5 Put at $0.13 Credit
Bought 1 VXX Jan 17 2025 28.0 Put / Sold 1 VXX Sep 20 2024 46.5 Put at $0.05 Credit
Financing the Jan #VXXContango purchases
Sold 1 VXX Sep 20 2024 70/57 Bear Call Spread at $0.53 Credit
Offsetting the Put risk
1 AMZN 167.5/177.5 Bull Put Spread at $0.33 Credit
1 AVGO 136/148 Bull Put Spread at $0.16 Credit
Bought 1 AVGO 09/27/2024 130 Put / Sold 1 AVGO 09/20/2024 147 Put at $0.24 Credit
1 TQQQ 47/57 Bull Put Spread at $0.14 Credit
Sold 1 DLTR 80/75 Bear Call Spread at $ 0.26 Credit
Bought 1 BBY 09/27/2024 105 Call / Sold 1 BBY 09/20/2024 101 Call at $0.15 Credit
TQQQ, STO September 20, $66 puts at 2.31
Back close to all time highs so taking the gains.
Bought to Close SPY Sep 27 2024 525.0 Put @ .53 (sold for 3.33)
Bought to Close SPY Oct 4 2024 525.0 Put @ 1.06 (sold for 3.50)
Bought to Close SPY Oct 11 2024 525.0 Put @ 1.63 (sold for 4.00)
Bought to Close SPY Oct 18 2024 490.0 Put @ .72 (sold for 3.00)
Bought to Close SPY Oct 18 2024 500.0 Put @ .95 (sold for 3.50)
Bought to Close SPY Oct 18 2024 515.0 Put @ 1.52 (sold for 3.60)
Not really interested in owning this up here so taking what I can get.
Bought to Close NVDA Sep 20 2024 105.0 Put @ .37 (sold for 1.78)
Bought to Close NVDA Sep 20 2024 110.0 Put @ 1.20 (sold for 2.65)
Bought to Close NVDA Sep 20 2024 115.0 Put @ 3.15 (sold for 3.95)
Sold 1 SPY 09/16/2024 545/555 Bull Put Spread at $0.20 Credit
#EveryLittleBitHelps
#SPX0dte Sold to Open $SPX Sept 16th 5535/5555-5670/5690 condors for 1.30, IV 22.12%, deltas -.07 +.07. A bit tighter on deltas than normal, looking for sideways day with no economic news and traders waiting for Wednesday Fed decision.
Sold 1 NUGT 09/20/2024 60/55 Bear Call Spread at $0.42 Credit
Sold 1 GLD 09/16/2024 245/251 Bear Call Spread at $0.24 Credit
CLF 16 Covered Calls
FCX 43 Covered Call
SOXL 34 Covered Calls
MOS 24 Put
HES 125 Put
HES 118 Put
AAP 35 Put
APA 23.5 Put
SPY 534 Put
SPY 570/565 Bear Call Spread
BBY 115/100 Bear Call Spread
CVS 70/64 Bear Call Spread
DLTR 76/72 Bear Call Spread
VXX 80/60 Bear Call Spread
VXX 75/57 Bear Call Spread
APA 20/23 Bull Put Spread
AVGO 130/141 Bull Put Spread
AVGO 129/137 Bull Put Spread
DG 75/84 Bull Put Spreads
HES 120/125 Bull Put Spread
HES 120/124 Bull Put Spread
NUGT 33/42.5 Bull Put Spread
Assignments:
1 TQQQ 61 Covered Call – vs stock put to me last week at $57
Retail sales on Tuesday, then the biggie: FOMC decision on Wednesday afternoon.
#VIXindicator Just need a $VIX close below 16.46
Sold 1 SPY 09/13/2024 570/565 Bear Call Spread at $0.20 Credit
#EveryLittleBitHelps
#SPX0dte Sold to Open $SPX Sept 13th 5505/5525-5665/5685 condors for 1.15, IV 24.20%, deltas -.06 +.05
1 SPY 09/12/2024 539/548 Bull Put Spread
1 SPY 09/12/2024 548 Diagonal Put
Selling the SOXL stock at $32.42 that was put to me last Friday at $28.00
The original #Tiny99PercentPut did not work as designed, but I like this result better 🙂
Sold 1 SPY 09/12/2024 539/548 Bull Put Spread at $0.36 Credit – Expires today
Sold 1 SPY 09/13/2024 537/547 Bull Put Spread at $0.64 Credit
Sold 1 SPY 09/16/2024 536/546 Bull Put Spread at $0.78 Credit
Sold 1 SPY 09/17/2024 535/545 Bull Put Spread at $0.86 Credit
#SPX0dte Sold to Open $SPX Sept 12th 5460/5480-5615/5635 condors for 1.383, IV 26.06%, deltas -.06 +.06
Tiny Buys at new lows:
DVN at $40.00
NUE at $137.00
HES at $125.00
SLB at $39.00
BEN at $19.00
APA at $23.00
OXY at $50.00
#SP500 #FallingKnife
Another good day when I didn’t have to roll anything 🙂
1 SPY 528/536 Bull Put Spread
1 SPY 532/538 Bull Put Spread
SPY 560/556 Bear Call Spreads
BTO October 18, 65 calls at 4.00, taking a chance that the PPI will be an okay number and we are closing above the 5,8,and 10 day MA
#SPX0dte Sold to Open $SPX 5385/5405-5555/5575 condors for 1.35, IV 29.67%, deltas -.06 +.05, at 8:50a ET
From cnbc.com:
Prices increased as expected in August while the annual inflation rate declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for a Federal Reserve interest rate cut in a week.
The consumer price index, a broad measure of goods and services costs across the U.S. economy, increased 0.2% for the month, in line with the Dow Jones consensus.
That put the 12-month inflation rate at 2.5%, down 0.4 percentage point from the July level and compared to the estimate for 2.6%.
However, so-called core CPI, which excludes volatile food and energy prices, increased 0.3% for the month, slightly higher than the 0.2% estimate. The 12-month core inflation rate was 3.2%, in line with the forecast.
This is breaking news. Please check back for updates.
SOLD OIH 13 SEP 24 255/250 PUT @.27
SOLD IWM 13 SEP 24 203/199 PUT @.45
SOLD GOOGL 13 SEP 24 144/140 PUT @.27
SOLD SOXL 13 SEP 24 27 PUT @1.30
#coveredcalls
SOLD SOXL 13 SEP 24 31 CALL @.35
Sold 1 SPY 09/11/2024 556 Call at $0.33
Sold 1 SPY 09/11/2024 538 Put at $0.17
Another rare good day when I didn’t have to roll anything 🙂
1 SPY 510/530 Bull Put Spread
1 SPY 525/540 Bull Put Spread
1 SPY 525/542 Bull Put Spread
1 SPY 546 Diagonal Put
1 SPY 559/552 Bear Call Spread
1 SPY 556/552 Bear Call Spread
Sold 1 GLD 09/13/2024 240/235 Bear Call spread at $0.46 Credit
Bought 1 UPS 09/20/2024 141 Call and Sold 1 UPS 09/13/2024 132 Call at $0.25 Diagonal Credit
Sold 1 TQQQ 09/20/2024 71.0 Covered Call at $0.14
Another small one just to mess around with. Synthetic short stock with a long disaster call. Whole thing for a credit with the weekly sale against.
XLU Dec 18 2026 75/75/95 @ .05 debit.
And:
Sold XLU Sep 20 2024 75.0 Puts @ .26
Bought 1 SPY 09/11/2024 528 Put and sold 1 SPY 09/10/2024 540 Put at $$0.18 Diagonal Credit
Sold 1 TQQQ 09/13/2024 67.5/64 Bear Call Spread at $0.33 Credit
Sold 1 VXX 09/13/2024 75/57 Bear Call Spread at $0.71 Credit
Bought 1 AMZN 09/20/2024 195 Call at $0.14 and Sold 1 AMZN 09/13/2024 185 Call at $0.28 for a $0.14 Diagonal Credit
Tiny Buys
MOS at $25.00
SLB at $40.00
EL at $85.00
HAL at $28.00
All new lows
#FallingKnife
Bought 1 SPY 09/11/2024 560 Call at $0.06 and 1 SPY 09/11/2024 532 Put at $0.09.
Sold 1 SPY 09/10/2024 552 Call at $0.30 and 1 SPY 09/10/2024 542 Put at $0.26
Tuesday spreads:
Sold 1 SPY 09/11/2024 560/556 Bear Call Spread at $0.28 Credit
Sold 1 SPY 09/12/2024 563/557 Bear Call Spread at $0.44 Credit
Sold 1 SPY 09/13/2024 565/557 Bear Call Spread at $0.78 Credit
#CallLadder
Sold 1 HES 09/13/2024 120/125 Bull Put Spread at $0.38 Credit
Sold 1 HES 09/13/2024 120/124 Bull Put Spread at $0.35 Credit
Sold 1 HES 09/13/2024 118/123 Bull Put Spread at $0.44 Credit
Sold 1 BBY 09/13/2024 88/93 Bull Put Spread at $0.17 Credit
Sold 1 BBY 09/13/2024 108/100 Bear Call Spread at $0.24 Credit
Sold 1 APA 09/13/2024 20/23 Bull Put Spread at $0.14 Credit
#SPX0dte Sold to Open $SPX Sept 10th 5380/5400-5535/5555 condors for 1.40, IV 25.66%, deltas -.06 +.06
1 SPY 500/535 Bull Put Spread
1 SPY 525/535 Bull Put Spread
1 SPY 528/539 Bull Put Spread
1 SPY 530/538 Bull Put Spread
1 SPY 531/539 Bull Put Spread
1 SPY 566/549 Bear Call Spread
1 SPY 553/549 Bear Call Spread
Finally, got a bunch of these right 🙂
Monday’s spreads
Sold 1 DLTR 09/13/2024 76/72 Bear Call Spread at $0.24 Credit
Sold 1 NUGT 09/13/2024 50/46 Bear Call Spread at $0.24 Credit
Sold 1 TQQQ 09/13/2024 67.5/63 Bear Call Spread at $0.29 Credit
Sold 1 TQQQ 09/13/2024 61.0 Covered Call at $1.12. Sold against stock put to me Friday at $57.00
#SPX0dte Sold to Open $SPX Sept 9th 5320/5340-5505/5525 condors for 1.40, IV 30.91%, deltas -.06 +.06
CPI Wednesday, Bond Auction Thursday
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
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 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.
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 final pivot point almost to the tick. Hopefully that is the bottom and now I can do some damage control.
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
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
Wouldn’t accept my copy/paste. I’ll try the link. Pretty much nailed the downside risk.
https://tinyurl.com/57zp9z3j
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
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 for the day, hate adjusting positions at the lowest point because then always get the whipsaw.
Sold 1 SPY 09/06/2024 541.0 Put at $0.36
Expires today
#SPX0dte Sold to Open $SPX Sept 6th 5385/5405-5585/5605 condors for 1.55, IV 35.83%, deltas -.06 +.06
#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
All expired:
1 SPY 533/543 Bull Put Spread
1 SPY 534/544 Bull Put Spread
1 SPY 535/544 Bull Put Spread
1 SPY 535/545 Bull Put Spread
1 SPY 535/546 Bull Put Spread
Knowing that I sold 1 SPY 09/06/2024 540.0 Put at $0.41 two minutes before the close
#1DTE
Sold 1 SPY 09/06/2024 538/547/553/562 Iron Condor at $3.12 Credit
SPY is at 550, right in the center
Tiny buys
SLB at $41.00
HES at $130.00 and at $129.00
HAL at $29.00
#FallingKnife
Added one more
Sold 1 SPY 09/05/2024 546.0 Put at $0.30 – expires today
Sold 1 GLD 09/06/2024 240/235 Bear Call Spread at $0.46 Credit
Sold 1 VXX 09/06/2024 72/63 Bear Call Spread at $0.28 Credit
Sold 1 SPY 09/05/2024 544.0 Put at $0.26 – expires today
#SPX0dte Sold to Open $SPX Sep 5th 5410/5430-5585/5605 condors for 1.35, IV 29.35%, deltas -.06 +.06
Almost forgot this one:
1 GLD 225/229 Bull Put Spread
1 GLD 227 Diagonal Put
Options Bistro 