Rolled 1 SPY 12/19/2024 583 Put to 1 SPY 12/20/2024 575 Put at $0.28 Credit
Daily Archives: Wednesday, December 18, 2024
YMAG YMAX SOXL
#dividends
BOT YMAG @19.67
BOT YMAX @17.525
#shortputs
SOLD SOXL 20 DEC 2024 25 PUT @.34
Downside Warning in effect
#VIXindicator As if that wasn’t obvious. Been awhile since I’ve seen an intraday move that sharp.
SPX
15 bagger in four hours. Thanks Whiz!!
Feb monthly:
Bought to Close 6300/6310 Bear Call Spreads
Sold to Close 5800/5775 Bear Put Spreads
Net credit of 5.00 (bought for .30 debit)
ARE BAX BIIB COP HAL MPC PSX stocks
Started a tiny new position in ARE at $100.00
Started a tiny new position in BIIB at $148.00
Started a tiny new position in COP at $96.00
Added a tiny bit of BAX at $29.00
Added a tiny bit of HAL at $27.00
Added a tiny bit of MPC at $135.00
Added a tiny bit of PSX at $113.00
#FallingKnife
SPX
Just going out a week now and see how things go.
Rolled SPX Dec 17 2024 6070.0 Put to Dec 27 2024 6065.0 Put @ even (28.00 total now)
Rolled SPX Dec 17 2024 6065.0 Puts to Dec 27 2024 6060.0 Puts @ 1.00 credit (26.50 total now)
Upside Warning canceled
#VIXindicator This UpW started AFTER the election week bump, so its first days were actually the next week’s pullback. But we then got the run from 5853 to all time high 3 cents short of 6100 on Dec 6th. Since then its been a choppy ride until today’s collapse. Downside Warning triggered if we close above 18.36 on $VIX.
DOW doubling downer
Today looks to be 10th straight down day. Worst since September 1974 when it went down 11 straight days.
TQQQ,
STO Dece. 27, $91 puts at 3.30
Post Fed Trades
Sold 1 SPY 12/30/2024 570/580 Bull Put Spread at $0.30 Credit
Sold 1 SPY 12/27/2024 574/584 Bull Put Spread at $0.36 Credit
Sold 1 SPY 12/20/2024 585/590 Bull Put Spread at $0.26 Credit
Sold 1 SPY 12/19/2024 583/592 Bull Put Spread at $0.16 Credit
#OptionLadder
Sold 1 DIA 12/20/2024 420/425 Bull Put Spread at $0.31 Credit
Sold VXX 12/20/2024 53/49 Bear Call Spreads at $0.19 Credit
Sold 1 VXX 12/27/2024 55/49 Bear Call Spread at $0.33 Credit
Rolled VXX 12/20/2024 44.0 Puts to VXX 12/27/2024 43.0 Puts at $0.06 Credit
SPY
Adding. Editing as more get filled.
Sold SPY Jan 17 2025 590.0 Put @ 4.00 (50 day)
Sold SPY Jan 24 2025 580.0 Put @ 3.25 (just above 100 day)
Sold SPY Jan 31 2025 575.0 Put @ 3.50 (100 day)
Sold SPY Feb 21 2025 550.0 Put @ 3.03 (200 day)
Sold SPY Feb 21 2025 540.0 Put @ 3.10 (just below 200 day)
Sold SPY Feb 21 2025 530.0 Put @ 3.00 (below 200 day)
Sold SPY Feb 21 2025 520.0 Put @ 3.10 (below 200 day)
VIX
Throwing another hedge out there since they’re cheap.
Bought to Open VIX Feb 19 2025 20/30 Bull Call Spreads @ .85 debit
SPX
Whiz trade for possible Feb sh*t show.
Feb monthly expiration
Sold 6300/6310 Bear Call Spreads
Bought 5800/5775 Bear Put Spreads
Net debit of .30
DJIA Index
A lot of talk abought the Dow’s 9 day losing streak. Here is why, under the covers:
SPX 0-dte trades for 12/18/24
#SPX0dte Sold to Open $SPX Dec 18th 5960/5980-6110/6130 condors for 1.35, IV 25.65%, deltas -.07 +.05
I liked the width and premium enough to sell this even though I’m not certain there will be a lot of decay before the FOMC press conference. Based on last time, there won’t be a huge reaction given everyone knows this will be another .25% cut.
Options Bistro 