Option Iceman 12:54 pm on Friday, October 18, 2024

OptionsExpiration

Rolled some AMZN, GLD, NUGT and VXX Calls up. I’m left with these that all expired

AMZN 155/180 Bull Put Spread
ASML 610/620 Bull Put Spread
ASML 630/640 Bull Put Spread
AVGO 152/165 Bull Put Spread
AVGO 160/168 Bull Put Spread
CVS 71/64 Bear Call Spread
CVS 68 Diagonal Call
CVS 69 Diagonal Call
GLD 238/243 Bull Put Spread
NUGT 38/4435 Bull Put Spread
NUGT 48/50.5 Bull Put Spread
OXY 49/51 Bear Call Spread
SOXL 25/30 Bull Put Spread
SPY 564/572 Bull Put Spread
SPY 567/577 Bull Put Spread
TQQQ 63/67 Bull Put Spread
TQQQ 63.5/68 Bull Put Spread
TQQQ 80/75 Bear Call Spread
TQQQ 85/77 Bear Call Spread
VXX 79/54 Bear Call Spread
VXX 74/57 Bear Call Spread
VXX 80/60 Bear Call Spread

CVS 56 Put
FCX 45.5 Put
LABU 100 Put
LRCX 68.5 Put
OXY 51 Put
SQQQ 7 Put
VFC 18.5 Put
VZ 41.5 Put

SOXL 46 Covered Call
SOXL 48 Covered Call

Option Iceman 12:45 pm on Friday, October 18, 2024

AVGO Puts

Sold 1 AVGO Oct 25 2024 157.5/167.5 Bull Put Spread at $0.36 Credit

Option Iceman 12:05 pm on Friday, October 18, 2024

VXX Calls

Sold 1 VXX Oct 25 2024 72/54 Bear Call Spread at $0.41 Credit
Sold 1 VXX Oct 25 2024 73/54.5 Bear Call Spread at $0.41 Credit

fuzzballl 12:03 pm on Friday, October 18, 2024

SPX

And finally:

Sold SPX Oct 21 2024 5855.0 Puts @ 8.50 and 9.40

hcgdavis 11:55 am on Friday, October 18, 2024

SPY AIC 42 DTE trade for the day

fuzzballl 11:49 am on Friday, October 18, 2024
Tags: SPXsnowball ( 4 )

SPX whew!

SPX Closed everything and reset to higher strikes.

Had 5 positions but one was closed quite awhile ago in a different account for a 211 point gain.

Other 4 positions:

SPX Dec 2027 5400/5400/5800 @ 202.0 debit (trade set Jun 05 2024)
SPX Dec 2028 5000/5000/5400 @ 283.0 debit (trade set Feb 08 2024)
SPX Dec 2029 5200/5200/5600 @ 360.0 debit (trade set Mar 07 2024)
SPX Dec 2029 5500/5500/5900 @ 308.0 debit (trade set Jul 15 2024)

Dec 2027 closed for 95.0 credit
Dec 2028 closed for 63.0 credit
Dec 2029 closed for 179.0 credit
Dec 2029 closed for 260.0 credit

Math:

Net loss on LEAPS:

-556.0

Total premium received from daily sales:

1087.0

Net gain on all positions combined:

531.0 (or 132.75 average per position all being rolled into the cost of the new positions)

Moral of the story:

This crazy experiment has given me great data for the future. It’s possible to have really good profits shorting SPX in a crazy up market due to more than offsetting the rise with daily put sales. A flat to slightly descending market would be fantastic. (it can’t go up forever! LOL)

For simplicity I’ve reset everything to just 2028 and 2029 all at the same strikes.

SPX Dec 2028 5800/5800/6200 @ 288.0 debit (trade set Oct 18 2024)
SPX Dec 2029 5800/5800/6200 @ 355.0 debit (trade set Oct 18 2024)

With 2 of each of these the total debit is 1286.0 minus the 531.0 profits the cost has already been greatly reduced to 188.75 per position. Daily sales will reach the bottom line much quicker now. We’ll call it my #SPXsnowball 🙂 🙂 🙂

fuzzballl 11:24 am on Friday, October 18, 2024

SPX

Last trade with my current positions. Reset everything to higher strikes. Took the profits and rolled them into the costs of the new positions. Detailed post coming on that later.

Bought to Close SPX Oct 18 2024 5850.00 Puts @ 1.00 (sold for 50.55)

Happy Plan 10:30 am on Friday, October 18, 2024
Tags: CoveredCalls ( 2,200 )

BITO

#CoveredCalls STO BITO 11/15/24 $21 @ .50 Credit

Happy Plan 10:24 am on Friday, October 18, 2024
Tags: CoveredCalls ( 2,200 )

RDDT

#CoveredCalls STO RDDT 11/15/24 $90 @ 2.99 Credit

Selling these against my LEAPS position

Ramie 9:31 am on Friday, October 18, 2024

ASML short put

Sold to open $ASML Nov 15 660 put @ 10.32, 20 delta

hcgdavis 9:18 am on Friday, October 18, 2024

Harvesting profits on the asymmetric…

Harvesting profits on the asymmetric iron condors. Have these in RUT, SPY, SPX, and SMH. Most were placed about 3-4 weeks ago. Now closing and resetting. about $1200-1300 profits per trade and closing 6 of them today.

Here’s what they look like