Be out most of the day so an early roll today.
Rolled SPX Oct 22 2024 5850.0 Puts to Oct 23 2024 5845.0 Puts @ 3.00 credit (14.60 total now)
Monthly Archives: October 2024
SPY BIIB Puts
Sold 1 SPY 10/24/2024 564/574 Bull Put Spread at $0.42 Credit
Sold 1 SPY 10/25/2024 561/571 Bull Put Spread at $0.28 Credit
Sold 1 BIIB 10/25/2024 175/180 Bull Put Spread at $0.70 Credit
SPX 0-dte trades for 10/22/24
#SPX0dte Sold to Open $SPX Oct 22nd 5765/5785-5885/5905 condors for 1.05, IV 17.93%, deltas -.06 +.06
SPY Expiration
1 SPY 560/572 Bull Put Spread
1 SPY 565/575 Bull Put Spread
VXX Puts
Bought VXX Jan 17 2025 32.0 Puts at $0.19, $0.18, $0.17 and $0.16
Bought 1 VXX Jan 17 2025 33.0 Put at $0.21
BA
Setting up a synthetic covered straddle for earnings. Short 152.5 calls so adding the put side.
Sold BA Oct 25 2024 152.5 Puts @ 1.57
SPX
Roll to tomorrow and down a strike.
Rolled SPX Oct 21 2024 5855.0 Puts to Oct 22 2024 5850.0 Puts @ 2.65 credit (11.60 total now)
SPY
Starter at the 100 day. Hoping for more down at the 200 eventually.
Sold SPY Nov 15 2024 555.0 Put @ 2.90
Tiny Puts
Sold 1 DOW 10/25/2024 48.5 Put at $0.06
Sold 1 VFC 10/25/2025 17.0 Put at $0.06
Sold 1 APA 10/25/2024 24.0 Put at $0.07
Sold 1 INTC 10/25/2024 21.0 Put at $0.08
Sold 1 AAP 10/25/2024 36.5 Put at $0.09
Sold 1 HAL 10/25/2024 27.5 Put at $0.10
Sold 1 BOIL 10/25/2024 8.0 Put at $0.10
Sold 1 CNC 10/25/2024 53.0 Put at $0.11
Sold 1 LABU 10/25/2024 90.0 Put at $0.11
#EveryLittleBitHelps
Monday Spreads
Sold 1 VXX 10/25/2024 62/56 Bear Call Spread at $0.24 Credit
Sold 1 VXX 10/25/2024 70/60 Bear Call Spread at $0.18 Credit
Sold 1 TQQQ 10/25/2024 85/79 Bear Call Spread at $0.22 Credit
Sold 1 TQQQ 10/25/2024 61.5/68 Bull Put Spread at $0.18 Credit
Sold 1 NUGT 10/25/2024 51.5/55 Bull Put Spread at $0.40 Credit
Sold 1 GLD 10/23/2024 244/249 Bull Put Spread at $0.27 Credit
Sold 1 GLD 10/25/2024 242/246 Bull Put Spread at $0.11 Credit
Sold 1 SPY 10/23/2024 564/574 Bull Put Spread at $0.18 Credit
Sold 1 SPY 10/22/2024 565/575 Bull Put Spread at $0.14 Credit
SPX 0-dte trade for 10/21/24
#SPX0dte Sold top open $SPX Oct 21st 5805/5785 put spreads for .65, IV 15.86%, delta -.07
With overnight movement it looks like we could be near bottom of a swing, so I’m not going to sell a call side with such low premium when we have room to rise.
Earnings 10/21 – 10/25
Tesla, Boeing, IBM all on Wednesday
Econ Calendar 10/21 – 10/25
Significant data releases on Wed, Thur, Fri
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
AVGO Puts
Sold 1 AVGO Oct 25 2024 157.5/167.5 Bull Put Spread at $0.36 Credit
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
SPX
And finally:
Sold SPX Oct 21 2024 5855.0 Puts @ 8.50 and 9.40
SPY AIC 42 DTE trade for the day
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 🙂 🙂 🙂
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)
BITO
#CoveredCalls STO BITO 11/15/24 $21 @ .50 Credit
RDDT
#CoveredCalls STO RDDT 11/15/24 $90 @ 2.99 Credit
Selling these against my LEAPS position
ASML short put
Sold to open $ASML Nov 15 660 put @ 10.32, 20 delta
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
VXX Long Term Diagonal Put Spread
Bought 1 VXX Jan 17 2025 31.0 Put at $0.21 – 90 days to expiration
Sold 1 VXX Oct 25 2024 49.5 Put at $0.28 – 7 days to expiration
In addition, I sold 1 VXX Oct 25 2024 49.0 Put at $0.16 against other Jan 2025 long puts
BA SNOW SPX VXX XBI XLU
A few.
BA: Rolling into earnings. Sold against synthetic stock.
Rolled BA Oct 18 2024 150.0 Calls to Oct 25 2024 152.5 Calls @ 1.20 credit (3.30 toal now)
SNOW: Sold against synthetic stock.
Rolled SNOW Oct 18 2024 115.0 Calls to Oct 25 2024 117.0 Calls @ .10 debit (3.80 total now)
SPX: Still working it. 5850 short puts for today’s expiration.
VXX: Sold against synthetic short stock.
Rolled VXX Oct 18 2024 53.0 Puts to Oct 25 2024 52.5 Puts @ .35 credit (1.30, 1.40, and 4.50 total now)
XBI: Taking nice gains early.
Bought to Close XBI Nov 01 2024 93.0 Puts @ .27 (sold for 1.30)
Bought to Close XBI Nov 15 2024 90.0 Puts @ .53 (sold for 1.33)
XLU: Sold against synthetic short stock.
Bought to Close XLU Oct 18 2024 77.5 Puts @ .01 (sold for .31)
Sold XLU Nov 15 2024 78.0 Puts @ .61
TQQQ,
STO November 1, $82 calls at .61
I will cover them next week before expiration.
QQQ
#CoveredCalls STO QQQ 497 10/21/24 @ 1.07 Credit
SPX 0-dte trades for 10/18/24
#SPX0dte Sold to Open $SPX 5780/5800-5900/5920 condors for 1.10, IV 17.95%, deltas -.07 +.05
SPY Expiration
1 SPY 10/17/2024 570/580 Bull Put Spread – Sold today at $0.22
1 SPY 10/17/2024 569/574 Bull Put Spread – Sold yesterday at $0.18
AMZN
Closing synthetic longs with earnings approaching. I’ll re-load if we get a pullback.
Sold to Close AMZN Dec 18 2026 180/180/140 (and 10/18 180 short calls) @ 24.55 credit (bought for 20.35)
AVGO Puts
For next week:
Sold 1 AVGO 10/25/2024 160/170 Bull Put Spread at $0.43 Credit
RDDT
#LongCalls RDDT 1/15/27 80 CALL @ 27.46 Debit
SPY Put Ladder
Restarting these:
Sold 1 SPY 10/17/2024 570/580 Bull Put Spread at $0.22 Credit – expires today
Sold 1 SPY 10/18/2024 567/577 Bull Put Spread at $0.25 Credit
Sold 1 SPY 10/21/2024 565/575 Bull Put Spread at $0.35 Credit
SPX 0-dte trades for 10/17/24
#SPX0dte Sold to Open $SPX Oct 17th 5835/5865-5870/5900 condors for 15.35, IV 18.33%
TLT
Taking these early.
Bought to Close TLT Nov 01 2024 90.0 Puts @ .14 (sold for .23)
Bought to Close TLT Nov 01 2024 91.0 Puts @ .21 (sold for .34)
SPX
I’ve been rolling up all month. Might as well go out in a blaze of glory. LOL Rolling up to yesterday’s high and a little inside the expected move.
Rolled SPX Oct 18 2024 5795.0 Puts to Oct 18 2024 5850.0 Puts @ 7.00 credit (50.55 total now)
(Too early)
SPY and GLD Expirations
1 SPY 569/574 Bull Put Spread – sold at $0.14 Credit yesterday
1 GLD 238/243 Bull Put Spread – sold at $0.28 Credit on Monday
#EveryLittleBitHelps
SPX
I may close all positions and book the gains and re-center all the positions this week. We’ll see how it goes.
Rolled SPX Oct 18 2024 5775.0 Puts to Oct 18 2024 5795.0 Puts @ 3.10 credit (43.55 total now)
Wednesday Spreads
Bought 1 NUGT 10/25/2024 61 Call / Sold 1 NUGT 10/18/2024 54.5 Call for a $0.25 Diagonal Credit
Sold 1 VXX 10/18/2024 79/60 Bear Call Spread at $0.19 Credit
Mostly Puts
Sold 1 TQQQ 10/18/2024 63/68 Bull Put Spread at $0.18 Credit
Sold 1 AVGO 10/18/2024 152/165 Bull Put Spread at $0.17 Credit
Sold 1 SOXL 10/18/2024 25/30 Bull Put Spread at $0.23 Credit
Sold 1 NUGT 10/18/2024 48/50.5 Bull Put Spread at $0.18 Credit
Sold 1 TQQQ 10/18/2024 63.5/67 Bull Put Spread at $0.16 Credit
Sold 1 SPY 10/17/2024 569/574 Bull Put Spread at $0.18 Credit
Sold 1 SPY 10/18/2024 564/572 Bull Put Spread at $0.30 Credit
Sold 1 GLD 10/18/2024 238/243 Bull Put Spread at $0.16 Credit
Sold 1 ASML 10/18/2024 630/640 Bull Put Spread at $0.36 Credit
Sold 1 OXY 10/18/2024 49/51 Bull Put Spread at $0.21 Credit
Sold 1 ASML 10/18/2024 610/620 Bull Put Spread at $0.18 Credit
#OnlySpreads
SPX 0-dte trades for 10/16/24
#SPX0dte Sold to Open $SPX Oct 16th 5740/5760-5865/5885 condors for 1.10, IV 18.29%, deltas -.06 +.06
Third day’s a charm? Two days straight of no econ data but still big moves and stops on this trade. Thought about going long with this instead, but I think chances are stronger that today will quiet down ahead of tomorrow’s data. But I’m ready to exit early if we start to move.
NVDY CONY CRSH TSLY AMDY FIAT
tIP BOT NVDY @24.45
tIP BOT CONY @14.21
tIP BOT CRSH @13.33
tIP BOT TSLY @11.37
tIP BOT AMDY @14.21
tIP BOT FIAT @17.75
SPY Expiration
1 SPY 10/15/2024 573/578 Bull Put Spread
Sold today at $0.18
QQQ
#Assignment QQQ 496 Puts
I’m the proud owner of a new position in QQQ Yippie!
TQQQ,
BTC October 11, $80 calls at .40 that I sold yesterday at .95 and I don’t know what is going on today.Any news?
BITO
#LongCalls BITO 1/15/27 20 @ 3.65 Debit
Looking to wait for a bit of equity in the position before selling calls against it.
SPX 0-dte for 10/15/24
#SPX0dte Sold to Open $SPX Oct 15th 5800/5820-5900/5920 condors for 1.25, IV 16.85%, deltas -.08 +.07
Waited for the open then went a bit aggressive since no overnight moves and no data releases today.
GLD Expiration
1 GLD 10/14/2024 228/236 Bull Put Spread
SOXL Covered Calls
Sold 1 SOXL Oct 18 2024 46 Covered Call at $0.09
Sold 1 SOXL Oct 25 2024 49 Covered Call at $0.12
#EveryLittleBitHelps
Monday tiny Puts
1 VZ Oct 18 2024 41.5 Put at $0.06
1 OXY Oct 18 2024 51 Put at $0.08
1 OGN Oct 18 2024 17.5 Put at $0.10
1 SQQQ Oct 18 2024 7 Put at $0.11
1 VFC Oct 18 2024 18.5 Put at $0.11
1 LABU Oct 18 2024 100 Put at $0.19
#Tiny99PercentPuts
TQQQ,
STO October 25, $80 calls at .95
SPX 0-dte trades for 10/14/24
#SPX0dte Sold to Open $SPX Oct 14th 5745/5765-5860/5880 condors for 1.10, IV 16.34%, deltas -.06 +.06
Earnings 10/14 – 10/18
Econ Calendar 10/14 – 10/18
Fairly quiet week except for Thursday with Retail Sales, Philly Fed, and ECB rate decision.
Bond market closed on Monday
TQQQ,
My October 11, $77 calls expired at zero.I will sell more on Monday.
OptionsExpiration
Some Call rolls in AVGO, AMZN, GLD, NUGT and TQQQ. Here’s what left:
Expirations:
AMZN 160/175 Bull Put Spread
AMZN 172.5/182.5 Bull Put Spread
AVGO 147/160 Bull Put Spread
AVGO 155/165 Bull Put Spread
AVGO 195/190 Bear Call Spread
CVS 69/68 Bear Call Spread
GLD 232.5/240 Bull Put Spread
NUGT 42/46 Bull Put Spread
RBLX 45/42 Bear Call Spread
SOXL 25/30 Bull Put Spread
SPY 505/535 Bull Put Spread – the last of my SPY Puts
SPY 546/564 Bull Put Spread
TQQQ 51/61 Bull Put Spread
TQQQ 56/65.5 Bull Put Spread
TQQQ 75 Diagonal Call
TQQQ 76 Diagonal Call
TQQQ 83/77 Bear Call Spreads
VXX 73/65 Bear Call Spread
VXX 80/62 Bear Call Spread
VXX 70/58 Bear Call Spread
SOXL 45 Covered Call
SOXL 46 Covered Call
BA 143 Put
MRNA 53 Put
SOXL 27.5 Put
TSLA 210 Put
Assignments:
1 CVS 64 Covered Call
1 CVS 65 Covered Call
both vs. CVS put assignments at 64.0 on 05/03/24
VXX Calls Rolled
Rolled 1 VXX 10/11/2024 74/54 Bear Calls Spread to 1 VXX 10/25/2024 74/57 Bear Call Spread at $0.51 Credit
CLF Covered Calls
Bought to close CLF 10/11/2024 13.5 Covered Calls at $0.01
Replaced them with CLF 10/18/2024 13.50 Covered Calls at $0.19
Partial Fill
Bought to close the rest of my CLF 10/11/2024 13.5 Covered Calls at $0.01
Replaced them with CLF 10/25/2024 14.0 Covered Calls at $0.20
Roll VKTX Put
#shortputs
$VKTX BTC 10/11 61 put and STO 10/18 61 put at added credit of 1.01 ($2 taken in so far)
TSLA 0DTE
Sold 1 TSLA 10/11/2024 210 Put at $0.12
#EveryLittleButHelps
SPY vs. VXX vs. GLD
SPY explodes to yet another new high but VXX is still hanging in there above 54. Gold is rallying too!!
Not logical 😦
AVGO Puts
Sold 1 AVGO 10/18/2024 160/168 Bull Put Spread at $0.58 Credit
Sold 1 AVGO 10/25/2024 150/162.5 Bull Put Spread at $0.70 Credit.
#Earnings not until Dec 5th
VXX Calls Rolled
Rolled this week’s VXX 80/53 Bear Call Spread to next week’s VXX 80/54 Bear Call Spread for $0.32 Credit
VXX
A few more.
Bought to Close VXX Oct 11 2024 53.0 Puts @ .05 (sold for 1.60)
Sold VXX Oct 18 2024 53.0 Puts @ .95
SPX
Sitting right at the expected move for next week and deltas starting to flip negative so rolling up to a little inside the expected move. Not a lot of data next week just retail sales and unemployment claims on Thursday.
Rolled SPX Oct 18 2024 5700.0 Puts to Oct 18 2024 5725.0 Puts @ 4.10 credit (37.00 total now)
PPI
PPI 0.0% M/M, Exp 0.1%
PPI Core 0.2% MoM, Exp. 0.2%
PPI 1.8% YoY, Exp. 1.6%
PPI Core 2.8% YoY, Exp. 2.6%
Bank earnings looked good this morning
BA
Another round. Earnings on the 23rd.
Bought to Close BA Oct 11 2024 155.0 Calls @ .05 (sold for 2.45)
Sold BA Oct 18 2024 150.0 Calls @ 2.10
SPX o-dte trades for 10/11/24
#SPX0dte Sold to Open $SPX Oct 11th 5710/5730-5825/5845 condors for 1.25, IV 18.48%, deltas -.07 +.07
SPY Expiration
1 SPY Oct 10 2024 564/570 Bull Put Spread
1 SPY Oct 10 2024 543/563 Bull Put Spread
VXX
Another round against synthetic shorts.
Bought to Close VXX Oct 11 2024 52.5 Puts @ .05 (sold for 1.45)
Sold VXX Oct 18 2024 53.0 Puts @ 1.05
VXX
Adding to synthetic short.
VXX Jan 16 2026 55/55/85 @ 15.25 and 15.00 debit.
And:
Sold VXX Oct 18 2024 53.0 Puts @ .95
SPY Puts
Sold 1 SPY Oct 10 2024 564/570 Bull Put Spread at $0.20
Sold 1 SPY Oct 11 2024 546/564 Bull Put Spread at $0.19
#EveryLittleBilHelps
SPX
Might be pushing my luck here but nothing seems to bother this market. Let’s see if that’s true for one more week.
Rolled SPX Oct 18 2024 5675.0 Puts to Oct 18 2024 5700.0 Puts @ 4.00 credit (32.90 total now)
SPX 0-dte for 10/10/24
#SPX0dte Sold to Open $SPX Oct 10th 5690/5710-5840/5860 condors for 1.20, IV 24.40%, deltas -.07 +.04
Leaning bullish on this since I feel the dip will bounce back.
CPI a bit higher than expected
US Sept. Consumer Prices Rise 0.2% M/M; Est. +0.1%, 2.4% Y/Y; Est. +2.3%
Sept. Core CPI Rises 0.3% M/M; Est. +0.2%, 2.4% Y/Y; Est. +2.3%
Options Bistro 