#coveredcalls #syntheticcoveredcalls
$META STO 12/27 610 call at 3.20
$NNE STO 12/27 29.5 call at .70
$NVDA STO 12/27 143 call at .65
Daily Archives: Monday, December 23, 2024
BA
Just to stay involved. Selling a week or two before earnings.
Sold BA Jan 17 2025 167.5 Puts @ 2.47
AMD Call
#coveredcalls
$AMD STO 12/27 128 call at .95
VXX
Sold puts against synthetic short stock. Got caught in the volatility collapse around the election. Instead of chasing these down all year I’m rolling them out to the synthetic short expiration. Capping my gains but should be able to close earlier at some point for good gains. Below 35 at expiration makes max profit.
Rolled VXX Feb 21 2025 47.0 Puts to Jan 16 2026 35.0 Puts @ 1.50 credit (2.30 total now)
Synthetic position is Jan 2026 55/55/85 @ 10.00 basis
Got into most of these at 16 or 17 dollar debits each. Gradually added while reducing basis selling the weekly puts. Got that down around the 10 area so not bad. Max profit about 10 dollars. If I can get 5 or 6 and close early that will be the goal.
SPX 0-dte trades for 12/23/24
#SPX0dte BOUGHT to open $SPX Dec 23rd 5825/5845-5990/6010 condors for 1.20, IV 25.92%, delta -.05 +.06
After getting whipped around last Thursday and Friday I’m trying some long strategies this week. Although I got out of both with small losses, my short puts on Wednesday finished fully ITM, and my short calls Friday went fully ITM intraday before retracing and finishing ATM. I also remember a Christmas Eve a few years back that had a massive drop, even though only a half day. With Downside Warning in effect and $VIX elevated, I was playing my normal strategies too loosely last week.
Options Bistro 