Rolled 1 AMD 02/28/2025 90/100 Bull Put Spread to 1 AMD 03/07/2025 90/96 Bull Put Spread at $0.05 Credit
Took the short put out of the money and lowered the short strike 4 points
#KickTheCan
Monthly Archives: February 2025
BUD NVDA AMD TSLA Calls
#coveredcalls #syntheticcoveredcalls
$BUD STO 2/28 61 call at .27
$NVDA STO 3/7 132 call at .95
$NVDA STO 2/28 125 call at .38
$NVDA STO 3/7 132 call at .97
$TSLA STO 2/28 297.5 call at 1.15
$TSLA STO 2/28 102 call at .45
$AMD STO 2/28 297.5 call at .1.15
SPY
Adding.
Sold SPY Apr 17 2025 530.0 Put @ 3.20
SPX
A few.
Rolled SPX Feb 28 2025 6000.0 Put to Mar 07 2025 5985.0 Put @ 2.00 credit (60.15 total now)
Rolled SPX Feb 28 2025 6075.0 Put to Mar 21 2025 6065.0 Put @ even (23.70 total now)
Rolled SPX Feb 28 2025 6080.0 Put to Mar 21 2025 6070.0 Put @ .50 credit (21.50 total now)
QQQ Leaps
STC QQQ 12/18/2026 430.00 CALLS @ $129.04 (BTO @ $119.20)
Yesterday on a trailing stop when underlying went below 510
NVDA Leap
Sold my last LEAP in NVDA. May reload someday
Sold to close 1 NVDA Sep 18 2026 60.0 Put at $3.60. Bought at $3.25
NVDA…
STO…NVDA 21 MAR 25 115 PUT @ $4.50….
#shortputs
All Red
Nice backsplash
SPY Expiration
1 SPY 02/27/2025 568/573 Bull Put Spread
SPY Ladder
Sold 1 SPY 03/04/2025 561/566 Bull Put Spread at $0.15 Credit
Sold 1 SPY 03/05/2025 558/563 Bull Put Spread at $0.16 Credit
#SPYLadder
TQQQ,
TQQQ is below the 200 day MA. Not a good sign. I am 100% cash.
SPY
Adding.
Sold SPY Apr 17 2025 535.0 Put @ 3.15
Sold SPY Apr 17 2025 545.0 Put @ 3.65
SPX
Filled right at the open.
Rolled SPX Feb 27 2025 6000.0 Put to Feb 28 2025 6000.0 Put @ 10.65 credit (58.15 total now)
Rolled SPX Feb 28 2025 6100.0 Put to Mar 07 2025 6090.0 Put @ 2.00 credit (26.90 total now)
APA DOW F Puts
Sold 1 APA 02/28/2025 20.0 Put at $0.07
Sold 1 DOW 02/28/2025 37.0 Put at $0.09
Sold 1 F 02/28/2025 9.35 Put at $0.04
#TinyPuts
MRK Calls rolled
Rolled 1 MRK 02/28/2025 93.0 Covered Call to next week at $0.36 Credit
Rolled 1 MRK 02/28/2025 96/93 Bear Call Spread to next weeks 97/94 Bear Call Spread at $0.23 Credit
DDOG OKLO TQQQ TTD Calls 1DTE
Sold 1 DDOG 02/28/2025 127/122 Bear Call Spread at $0.15 Credit
Sold 1 OKLO 48/43 02/28/2025 48/43 Bear Call Spread at $0.18 Credit
Sold 1 TQQQ 02/28/2025 87/83 Bear Call Spread at $0.38 Credit
Sold 1 TTD 02/28/2025 85/76 Bear Call Spread at $0.18 Credit
#EveryLittleBitHelps
SPY and VIX Expiration
1 VIX 02/26/2025 25/20 Bear Call Spread
1 SPY 02/26/2024 574/579 Bull Put Spread
VXX trades
Sold 1 VXX 02/28/2025 53/47.5 Bear Call Spread at $0.32 Credit
Sold 1 VXX 02/28/2025 42.0 Put at $0.14
Rolled 1 VXX 03/07/2025 42.0 Put to 1 VXX 03/14/2025 41.5 Put at $0.18 Credit
AAP TLT SPY
Sold 1 AAP 02/28/2025 35.0 Put at $0.10
#TinyPuts
Sold my tiny position in TLT at $92.01. Bought at $85.00 and never got a chance to add to it lower.
#FormerFallingKnife
Sold 1 SPY 03/03/20025 564/569 Bull Put Spread at $0.14 Credit
#SPYLadder
Earnings tomorrow
SPX 0-dte trades for 2/26/25
#SPX0dte Sold to Open $SPX Feb 26th 5870/5890-6030/6060 condors for 1.20, IV 27.17%, deltas -.06 +.06
Waited until 15 minutes after open to place trade. First day in 6 that we haven’t seen a sharp move occur before this time. It may be quieter today as traders await $NVDA earnings after the bell.
SPX 2
Rolling early in case the bounce doesn’t hold.
Rolled SPX Feb 26 2025 6000.0 Put to Feb 27 2025 6000.0 Put @ 14.50 credit (47.50 total now)
SPX
Opened Mar-21-25 5900/Feb-28-25 6050/Feb-28-25 6050/Mar-21-25 6200 double diags @ -23.35 (credit)
Short straddle targeting reversion to 21 EMA (~6045).
With limited time (15 sessions), will roll the shorts as straddle.
SPX (new!)
A new strategy! Had a long conversation with my brother last couple days talking about my SPX strategy. (@bikeeagle1 on here) He doesn’t trade options much but understands them very well. After explaining everything and doing a lot of “hangar flying” he came up with an alternate idea. Higher initial cost but much less if any downside risk.
Basically, it’s this. Where will the 200 day moving average be in about a year taking into account a continuation of the last couple years? The number we came up with was around 7000.
So…buy a 7000 strike put at that level. We originally looked at just a year out but decided for minimal extra cost to go out to 2029 to have some extra time just in case. Then, like my positions, sell daily against it.
This will result in quite a bit more out of pocket but, at least for now, zero risk to the downside. The goal with the daily selling is to be pretty aggressive and try to get the entire cost covered well before the market might get to 7000. With no downside risk selling daily in the money is a viable option depending on how aggressive you want to be.
I went ahead and threw one on in my real account to see how it plays out. I look at it as a nicer rental house in a nicer area with higher rents. LOL!
Bought to Open SPX Dec 21 2029 7000.0 Put @ 885.0
Sold SPX Feb 26 2025 6000.0 Put @ 33.00
AMZN SPY
Adding.
Sold AMZN Apr 17 2025 190.0 Put @ 2.50
Sold SPY Apr 17 2025 540.0 Put @ 3.45
SOXL Puts
Sold 1 SOXL 02/28/2025 17/20.5 Bull Put Spread at $0.13 Credit
Also sold 1 SOXL 02/28/2025 18.0 Put at $0.06
#TinyPuts
SPX 0-dte trades for 2/25/25
#SPX0dte Entered a risky risk-reversal on this last bounce.
Sold to Open $SPX Feb 25th 5980/6000 call spreads
Bought to Open Feb 25th 5890/5875 put spreads
Total CREDIT +.50.
After entering I went in the hole a dollar, but then the next drop started. Looking to hold the long puts for a big drop, preferably below 5900.
RDDT AMD ALGN
Sold 1 RDDT 02/28/2025 139/144 Bull Put Spread at $0.50 Credit
Sold RDDT 02/28/2025 180/185 Bear Call Spreads at $0.14 and $0.22 Credit
Sold 1 RDDT 02/28/2025 177/5/182.5 Bear Call Spread at $0.24 Credit
Sold 1 AMD 02/28/2025 95/100 Bull Put Spread at $0.34 Credit
Sold 1 ALGN 2/28/2025 170/175 Bull Put Spread at $0.42 Credit
SPY NUGT Puts – VXX Calls
Sold 1 SPY 02/27/2025 568/572 Bull Put Spread at $0.16 Credit
#SPYLadder
Sold 1 NUGT 02/28/2025 43/45.5 Bull Put Spread at $0.24 Credit
Sold VXX 02/28/2025 55/50 Bear Call Spreads at $0.30 and $0.39 Credit
MSTX Puts
Sold MSTX 02/28/2025 15.0 Puts at $0.15 and $0.25
Sold MSTX 02/28/2025 16.0 Puts at $0.25 and $0.35
Lots of stuff that used…
To continue the discussion from @jeffcp66 below.
Lots of stuff that used to work no longer works, and things that work now may not work in 6 months. If there is anything I have learned since starting serious trading in 2004 its that the market evolves and as traders we need to evolve with it. In fact, I am constantly tweaking the algo, my tactics, ratios, profit targets, and risk parameters. The algo is deadly accurate but with sudden changes in volatility it needs adjusting from time to time.
The 5 biggest things that have kept me profitable are:
1. Tactics = having multiple tactics on at once. Some make money when market going up, some down, and most make money when neutral
2. Position sizing = trade small trade often
3. Take as much money from the market as you can = premium selling
4. Controlling losses early and efficiently. I no longer hold onto losing trades for 1-2 years. Better to deploy the capital on something that works.
5. Keep margin to less than 50% then you never blow up an account again. That was learned the extra hard way in 2015 when /ES exploded and again in 2018 when SVXY imploded.
No offense to anyone here as we are all intelligent traders, but the advice I had on SVXY here and other places nearly bankrupted me. Never, ever trade unhedged volatility and I would also say that on the energy sector as well on any of the meme stocks or highly volatile tickers. And don’t get me started on Crypto. The only thing supporting crypto is the next person willing to pay more for it than you bought it. Kind of sounds like the early 2000s when people were paying top dollar for companies that never made a dime.
VIX indicator semi-retirement
#VIXindicator I created this in 2015 after having a bad day of losses. I wanted to find a warning that would fire at least a few days in advance to warn us to watch our step when playing the market neutrally. I used data from 2000 to 2015, and the signal did work pretty decently for about 4 years. But since the pandemic it has not been very helpful. It has lagged the market worse and worse each year and now seems to fire too late almost every time. I will keep the right-hand sidebar widget updated (this the “semi” before retirement) but won’t refer to it in the top widget or in separate posts. Feel free to ask any questions!
PLTR put spread
Sold $PLTR Apr 17 75/65 bull put spread @ 1.38
AMZN
Adding.
Sold AMZN Apr 17 2025 195.0 Put @ 2.51
Market,
I covered all the trades I put on Friday for a grand profit of $500 because I am not confident about what this administration is doing. Also, the IWM and MDY are trending down and moving below the 200 day MA. Not a good sign for the market.
SPX
Pre market roll. Guessing this is a weak bounce. (rally incoming! LOL)
Rolled SPX Feb 24 2025 6100.0 Puts to Feb 28 2025 6075.0 Puts @ 1.00 credit (20.95 total now)
NVDA Leap
On Friday, Sold 1 NVDA Sep 18 2026 65.0 LEAP Put at $3.40. Bought at $3.25.
Will look to re-load at about $2.90 if the stock bounces
SPX 0-dte trades for 2/24/25
#SPX0dte Sold to Open $SPX Feb 24th 5935/5955-6090/6110 condors for 1.30, IV 23.24%, deltas -.06 +.06
OptionsExpiration
Not going to do the whole list but I had 3 covered calls assigned:
1 ADM 47.0 Call – vs. Put assignment at 46.0
1 JBLU 7.0 Call – vs Put assignment at 7.0
1 OXY 50.0 Call – vs Put assignment at 47.0
#RaisingCash
Earnings 2/24 – 2/28
Econ Calendar 2/24 – 2/28
Like last week, pretty quiet until Thursday and Friday.
NVDA…
STO NVDA 21 MAR 25 125 PUT @ $5.05….
#shortputs
TQQQ
STO
MArch 21, 75 puts at 2.38
March 28, 70 puts at 1.83
April 4, 65 puts at 1.51
NVDA…
BTC NVDA 21 FEB 25 130 PUT @ $0.02….STO 16 Jan 25 @ $4.07
AMZN adding a ladder rung
Sold $AMZN Apr 4 190 puts @ 1.26.
Ladder is now
Mar 21 205 puts
Mar 28 200 puts
Apr 4 190 puts
AMZN
At the expected move, at the 200 day, and before earnings.
Sold AMZN Apr 17 2025 200.0 Put @ 3.25
SPY
Starter down at the 200 day.
Sold SPY Apr 17 2025 570.0 Put @ 4.83
Sold SPY Apr 17 2025 560.0 Put @ 4.20
Sold SPY Apr 17 2025 550.0 Puts @ 3.19
SPX
Scattering these out a little.
Rolled SPX Feb 21 2025 6100.0 Puts to Feb 24 2025 6100.0 Puts @ 3.75 credit (19.95 total now)
Rolled SPX Feb 21 2025 6100.0 Puts to Feb 28 2025 6075.0 Puts @ 7.50 credit (23.70 total now)
Rolled SPX Feb 21 2025 6110.0 Put to Feb 28 2025 6100.0 Put @ 11.00 credit (24.90 total now)
TSLA SOXL NFLX COST COIN
TSLA 307.5/310 put
SOXL 28.50 put
NFLX 990/985 PUT
COST 1005/1000 PUT
COIN 245/250 PUT
expiring worthless baring market meltdown/LOL
SPCE OKLO
SOLD SPCE 21 MAR 2025/28 FEB 25 6 PUT @.09
out and 1 click up to get a credit, and limited computer time next week.
SOLD SPCE 100 21 MAR 2025/28 FEB 25 7/6.5 PUT @.53
SOLD OKLO 7 MAR 2025/21 FEB 25 40 PUT @2.87
SOLD CALENDAR OKLO 7 MAR 2025/28 FEB 25 45 PUT @.89
/////
SELL TO CLOSE LONG LEG OF SPREAD
STC OKLO 100 21 FEB 25 39 PUT @.25
SPX 0-dte trades for 2/21/25
#SPX0dte Sold to Open $SPX Feb 21st 6040/6060-6165/6185 condors for .95, IV 18.14%, deltas -.07 +.05
OKLO
AMZN creating ladder
Sold to open $AMZN Mar 28 200 puts @ 1.15, adding a rung to create a ladder with Mar 21 205 puts sold on 2/7.
SPX
Rolled the rest. Same strike.
Rolled SPX Feb 20 2025 6100.0 Puts to Feb 21 2025 6100.0 Puts @ 9.75 credit (16.25 total now)
SPX
Rolled on the small bounce. Everything else sitting at 6100.
Rolled SPX Feb 20 2025 6110.0 Put to Feb 21 2025 6110.0 Put @ 8.00 credit (13.90 total now)
SPX 0-dte trades for 2/20/25
#SPX0dte Sold to Open $SPX Feb 20th 6060/6080-6165/6185 condors for 1.05, IV 15.80%, deltas -.07 +.07
TQQQ Put Closed / GOOGL Call
#longcalls
$TQQQ STC 2/21 75 call at 15.50. BTO at 7.50. Thank you @jsf501 – great call.
#syntheticcoveredcalls
$GOOGL STO 2/28 192.5 call at .72
MRK
Sold 1 MRK 02/28/2025 93.0 Covered Call at $0.06
Rolled 1 MRK 02/21/2025 80/86 Bull Diagonal Put Spread down to 1 MRK 02/28/2025 79/85 Diagonal Put Spread at $0.06 Credit
#EveryLittleBitHelps
CVS ADM CE MCHP
Rolled 1 CVS 02/21/2025 65.0 Call out a week at $0.47 Credit
Rolled 1 ADM 02/21/2025 46.5 Put out a week at $0.30 Credit
Added a tiny bit of CE stock at $54.00
Sold my tiny lot of MCHP at $61.22, Bought Dec 05 2024 at $60 and never added to it.
NVDA…
BTC….NVDA 21 Feb 25 125 Put @.05…..STO 16 Jan @ $2.79…
Still have the final leg of the ladder open….21 Feb 130 Put which were also sold 16 Jan @ $4.07….
SOXL Calls
Sold 1 SOXL 02/28/2025 40/36.5 Bear Call Spread at $0.19 Credit
SPX
No Fed fireworks. Bummer. LOL Still an unchanged day so can’t complain.
Bought to Close SPX Feb 19 2025 6100.0 Put @ .40 (sold for 10.75)
Sold SPX Feb 20 2025 6110.0 Put @ 5.90
SPX
Buy 1 Jun-20-25 5900/6350 Strangle @ 206.2 Limit and
Sell 1 Feb-21-25 6080/6160 Strangle @ 14.5 Limit
The idea is to keep rolling the shorts to the next day, using the then expected move to select the strikes. I won’t post day-day rolling, but may provide periodic update on this.
This “strategy” is inspired by the discussion with @fuzzballl and others recently, and thought to put money on my word. Still in search of that elusive “worry-free income strategy” :-).
TQQQ,
BTC March 21, $70 puts at .71, sold at 1.44
BTC march 28, puts at.64 , sold at 1.26
SPX
Bought to Close SPX Feb 19 2025 6075.0 Puts @ .50 (sold for 6.05)
Sold SPX Feb 20 2025 6100.0 Puts @ 6.50
Still holding a 6100 for today.
TQQQ,
BTC March 21, $75 puts at 1.23, sold at 2.79 so taking a nice profit and reducing my risk.
TQQQ,
I sold my Feb. 28, $80 calls at 9.93 and my cost was 9.50 because it seems extended. I am still short the puts
VIX Expiration – VXX Rollover
1 VIX Feb-19-2025 $15 PUT (AM) expired
Rolled 1 VXX 02/21/2025 44.0 Put to 1 VXX 02/28/2025 43.5 Put at $0.14 Credit
CE KOLD OKLO Puts
Sold 1 CE 02/21/2025 50/55 Bull Put Spread at $0.65 Credit
Sold 1 KOLD 02/21/2025 20/22 Bull Put Spread at $0.78 Credit
Sold 1 KOLD 02/21/2025 17/19 Bull Put Spread at $0.20 Credit
Sold 1 OKLO 02/21/2024 41/43 Bull Put Spread at $0.22 Credit
HII Stock
Sold a tiny bit of HII at $172.01
Bought Feb 06 2025 at $161.00
#FormerFallingKnife
SPX 0-dte trades for 2/19/25
#SPX0dte Sold to Open $SPX Feb 19th 6040/6060-6155/6175 condors for 1.05, IV 16.89%, deltas -.06 +.08
Pushing it on the call side a bit to get premium over a dollar. The market just has not been testing the upside dramatically during trading hours.
SOXL
About to break above both the 20 and 50 day MA and it’s downtrend line. The move in INTC is helping.
Worth watching
BA BABA NVDA Calls
#coveredcalls #syntheticcoveredcalls
$BA STO 2/21 192.5 at .40
$BABA BTC 2/21 125 call and STO 2/28 127 calls at added credit of .10 and $2 more if called away. Taken in 5.98 so far
$NVDA BTC 2/21 138 call and STO 2/28 146 calls at added credit of .55 and $8 more if called away. Taken in 4.83 so far. Earnings soon
Always wanted to put BA BABA in a headline!
NVDA Leap
Bought 1 NVDA Dec 18 2026 60.0 Put at $3.25.
Something to write against one day
NVDA
BTC NVDA 02/21/2025 120.00 Put @ $.05….STO 1/16/25 @ $1.66…
#shortputs
Options Bistro 