with price greater than 100% above the 200 day moving average.
Just FYI
Monthly Archives: February 2025
RDDT LEAPS
STC 1/15/27 80 calls @ $125
Got out on a trailing stop when underlying fell below $195
SPX
As I’ve said a few times, the biggest risk I see to these SPX trades is the distance between the daily put being sold and the long put LEAP it’s being sold against. And by risk it’s really only the risk of an unrealized loss that you have to endure for awhile. Here’s how I’m handling those now.
Rolled SPX Dec 2029 5800/5800/6200 to Dec 2029 6100/6100/6500 @ 81.50 debit
This does a couple things. It reduces buying power required due to the narrow gap in the put sale spread and allows more aggressive daily selling because that gap has been closed. In the big scheme of things out to 2029 it’s a small price to pay for an adjustment. I’ll add that to the original cost basis for long term tracking.
Using the rental house analogy….if you own the house long enough you’ll have to eventually use some of the rent income for new carpet or a fresh coat of paint. LOL. Just some needed maintenance.
COIN NFLX OKLO COST
#creditspread
SOLD VERTICAL COIN 21 FEB 2025 245/242.5 PUT @.11
SOLD VERTICAL NFLX 21 FEB 2025 990/985 PUT @.24
SOLD VERTICAL OKLO 21 FEB 2025 45/43 PUT @.21
SOLD VERTICAL COST 21 FEB 2025 1005/1000 PUT @.21
TQQQ, I added to my…
TQQQ, I added to my Feb. 28, $80 calls at 10.00
TQQQ,
STO April 4, $75 puts at 2.05, following the tasty trade idea of selling the 45 day and cover at 21 days to expiration.
PLTR BOIL OXY Calls
Sold 1 PLTR 02/21/2025 138/133 Bear Call Spread at $0.26 Credit
Sold 1 BOIL 83/78 Diagonal Bear Call Spread at $0.19 Credit
Sold 1 OXY 02/21/2025 55/52 Bear Call Spread at $0.18 Credit
PEP DDOG MRK TTD RDDT HSY CRL CSGP Put Spreads
Sold 1 PEP 02/21/2025 135/140 Bull Put Spread at $0.24 Credit
Sold 1 DDOG 02/25/2025 118/123 Bull Put Spread at $0.26 Credit
Sold 1 DDOG 02/25/2025 119/122 Bull Put Spread at $0.17 Credit
Sold 1 MRK 02/21/2025 75/80 Bull Put Spread at $0.26 Credit
Sold TTD 02/21/2025 71/75 Bull Put Spread at $0.31 Credit
Sold 1 RDDT 02/21/2025 165/170 Bull Put Spread at $0.19 Credit
Sold 1 HSY 02/21/2025 152.5 Put at $0.71 (against an existing 150 Put)
Sold 1 CRL 02/21/2025 135/140 Bull Put Spread at $0.58 Credit
Sold 1 CSGP 02/21/2025 60/65 Bull Put Spread at $0.36 Credit
SPX
Another round. Giving Mr. Market one position he can really sink his teeth into. LOL
Bought to Close SPX Feb 18 2025 6055.0 Put @ .70 (sold for 12.00)
Bought to Close SPX Feb 18 2025 6055.0 Put @ .70 (sold for 14.95)
Bought to Close SPX Feb 18 2025 6055.0 Put @ .70 (sold for 15.20)
Bought to Close SPX Feb 18 2025 6055.0 Put @ .70 (sold for 16.25)
Bought to Close SPX Feb 18 2025 6060.0 Put @ 1.05 (sold for 14.10)
Bought to Close SPX Feb 18 2025 6060.0 Put @ 1.05 (sold for 14.95)
Bought to Close SPX Feb 18 2025 6075.0 Put @ 1.50 (sold for 16.50)
Sold SPX Feb 19 2025 6075.0 Puts @ 5.70, 5.95, 6.55
Sold SPX Feb 19 2025 6100.0 Put @ 10.75 come and get it!
EDIT: Messed up my copy/paste. Corrected now.
CLF JBLU OXY WBA Covered Calls
Sold CLF 03/07/2025 14.0 Covered Calls at $0.10
Sold 1 JBLU 02/21/2025 7.0 Covered Call at $0.15 (Capital One re-adds JetBlue as a transfer partner)
Sold 1 OXY 02/21/2025 50.0 Covered Call at $0.70
Sold WBA 02/28/2025 14.0 Covered Calls at $0.02
#EveryLittleBitHelps
INTC Stock
Sold a tiny bit of INTC at $25.25
Bought last August at $20.21
#FormerFallingKnife
SPX 0-dte trades for 2/18/25
#SPX0dte Sold to Open $SPX Feb 18th 6050/6070-6170/6190 condors for 1.05, IV 15.96%, deltas -.06 +.06
Dividends still matter
Ex-Div on Tuesday
$F 0.3
$AB 1.05
$BG 0.68
$SO 0.72
$ADM 0.51
$APO 0.46
$COF 0.6
$DHT 0.17
$EQT 0.16
$JBL 0.08
$JNJ 1.24
$MUR 0.33
$NRP 0.75
$PRU 1.35
$ROK 1.31
$UPS 1.64
$CTSH 0.31
Earnings 2/17 – 2/21
Econ Calendar 2/17 – 2/21
Quiet holiday week, with some activity Thursday and Friday.
#optionsexpiration COST 980/985 PUT OKLO…
COST 980/985 PUT
OKLO 51/14 PUT
SOXL 21 PUT
TSLA 315/317.50 PUT
NVDA Call / Expiration / Enjoy Three Day Weekend
#syntheticcoveredcalls
$NVDA STO 2/21 148 calls at .43
#optionsexpiration
$SHOP 100 put
$MSFT 427.5 call
$GOOGL 195 call
$NNE 42.5 call
$DELL 116 call
$NVDA 143 call
$BA 187.5 call
$BBAI 10 call
$COIN 307.5 call
Called away
$NVDA 138 call
OptionsExpiration
Lots of #Earnings plays this week that mostly worked via Bull Put Spreads
EXPIRED:
ADM 48.0 Covered Call
ADM 47.0 Covered Call
CLF 12.0 Covered Calls
JBLU 7.0 Covered Call
OXY 49.0 Covered Call
SPCE 6.0 Covered Call
ALB 60/65 Bull Put Spread
ALB 66/71 Bull Put Spread
BIIB 125/130 Bull Put Spread
BOIL 50/57 Bull Put Spread
BOIL 59/62 Bull Put Spreads
CLF 13.5/12 Bear Call Spread
DDOG 121/126 Bull Put Spread
DDOG 120/130 Bull Put Spread
DHI 118/122 Bull Put Spread
HSY 132/157.5 Bull Put Spread
LEN 110/114 Bull Put Spread
MRNA 25/27 Bull Put Spread
NUGT 56/55 Bear Call Spread
PEP 137/141 Bull Put Spread
PLTR 127/122 Bear Call Spread
RDDT 177.5/187.5 Bull Put Spread
SOXL 18/24.5 Bull Put Spread
SOXL 20/26.5 Bull Put Spread
TQQQ 73.5/78.5 Bull Put Spread
TQQQ 74.5/79.5 Bull Put Spread
TQQQ 97/90 Bear Call Spread
TTD 75/79 Bull Put Spread
TTD 70/80 Bull Put Spread
VXX 38.5/41 Bull Put Spread
VXX 50/45 Bear Call Spread
VXX 57/47 Bear Call Spreads
VXX 58/48 Bear Call Spread
WYNN 66/71 Bull Put Spread
F 9.0 Put
KHC 27.5 Put
MRNA 25.0 Put
SOXL 26.0 Put
#TinyPuts
ASSIGNMENTS:
1 CLF 11.0 Covered Call vs. stock put to me at $9.50
NVDA Leaps
Bought 1 NVDA 12/18/2026 60.00 Put at $3.25
My last buy was the Sep 2026 Put at the same price. I will be selling short term puts against them on the next pullback
CLF Call rolled
Rolled 1 CLF 02/14/2025 11.5 Covered Call to 1 CLF 02/21/2025 11.5 Call at $0.27 Credit
The Hall of Revolving Presidents
Back by popular demand, in observance of Presidents’ Day (and trading holiday) on Monday, it’s the Hall of Revolving Presidents. Click “Home/Refresh” or refresh your browser to change the featured President.
MRK STZ Puts
Sold 1 MRK 02/21/2025 79/81 Bull Put Spread at $0.24 Credit
Sold 1 MRK 02/21/2025 78/80 Bull Put Spread at $0.16 Credit
Sold 1 STZ 02/21/2025 155/157.5 Bull Put Spread at $0.35 Credit
NUGT MRK CVS Rolls
Rolled 1 NUGT 02/4/2025 54.0 Call to 1 NUGT 02/21/2025 55.0 Call at $0.59 Credit plus 1 extra point of the short call strike
Rolled 1 MRK 02/4/2025 85.0 Put to 1 MRK 02/21/2025 84.0 Put at $0.10 Credit plus 1 less point on the short put strike
Rolled 1 CVS 02/4/2025 65.0 Call to 1 CVS 02/21/2025 65.0 Call at $0.36 Credit
BOIL stock
Sold a tiny bit more of BOIL at $76.01
#RaisingCash
COIN Put
#shortputs
$COIN STO 2/21/2025 272.50 put at 5.60. This strike is below today’s low.
SPX
Roll out to Tue and slightly up.
Rolled SPX Feb 14 2025 6040.0 Put to Feb 18 2025 6055.0 Put @ 5.00 credit (12.00 total now)
Rolled SPX Feb 14 2025 6045.0 Put to Feb 18 2025 6055.0 Put @ 4.75 credit (14.95 total now)
Rolled SPX Feb 14 2025 6045.0 Put to Feb 18 2025 6055.0 Put @ 4.75 credit (15.20 total now)
Rolled SPX Feb 14 2025 6050.0 Put to Feb 18 2025 6055.0 Put @ 4.25 credit (16.25 total now)
Rolled SPX Feb 14 2025 6055.0 Put to Feb 18 2025 6060.0 Put @ 4.60 credit (14.10 total now)
Rolled SPX Feb 14 2025 6060.0 Put to Feb 18 2025 6060.0 Put @ 4.75 credit (14.95 total now)
Rolled SPX Feb 14 2025 6065.0 Put to Feb 18 2025 6075.0 Put @ 7.00 credit (16.50 total now)
TSLA
#onlyspreads
#everylittlebithelps
SOLD TSLA 21 FEB 2025 310/307.5 PUT @.09
SPX 0-dte trades for 2/14/24
#SPX0dte Sold to Open $SPX Feb 14th 6025/6045-6160/6180 condors for 1.05, IV 19.43% deltas -.06 +.06
PLTR Calls – 1DTE
Sold 1 PLTR 02/14/25 Call 127/122 Bear Call Spread @ 0.22 Credit
TQQQ,
BTO February 28, $80 calls at 9.00
SOXL
Sold 1 SOXL 02/14/2025 26.0 Put at $0.08
Sold 1 SOXL 02/21/2025 33.0 Covered Call at $0.08
#EveryLittleBitHelps
BOIL CVS stock
Sold tiny bits of BOIL at $74.01 and $75.01
Sold tiny bits of CVS at $65.01 and $66.01
#FormerFallingKnife
#RaisingCash
SPX
Was hoping for some craziness but no joy.
Sold SPX Feb 14 2025 6040.0 Put @ 7.00
Sold SPX Feb 14 2025 6045.0 Put @ 10.20
Sold SPX Feb 14 2025 6045.0 Put @ 10.50
Sold SPX Feb 14 2025 6050.0 Put @ 12.00
Sold SPX Feb 14 2025 6055.0 Put @ 9.50
Sold SPX Feb 14 2025 6060.0 Put @ 10.20
Sold SPX Feb 14 2025 6065.0 Put @ 9.50
SPX
Adding to the LEAPS position.
SPX Dec 2029 6100/6100/6500 @ 336.0 debit
Coin Calls Earnings Tonight
#coveredcalls
$COIN STO 2/14 307.5 calls at 7.25. Expected move about 20. This is 16 out and I would not mind being called away.
SPX
Taking a shot on at least some sort of a down move. Not much decay left in these for the next couple hours so I’ll just reload tomorrow either way.
Bought to Close SPX Feb 13 2025 6030.0 Put @ 2.75 (sold for 21.05)
Bought to Close SPX Feb 13 2025 6045.0 Puts @ 2.70 (sold for 22.55)
RDDT
STC 2/28/25 145 Puts at $0.35 (at the open)
No further need for defensive Puts — Looks like the Bully action is starting again!
RDDT DDOG TTD Puts
Sold 1 RDDT 02/14/2025 167.5/177.5 Bull Put Spread at $0.53 Credit
Sold 1 DDOG 02/14/2025 121/126 Bull Put Spread at $0.45 Credit
Sold 1 TTD 02/14/2025 75/79 Bull Put Spread at $0.43 Credit
#PostEarnings
CALENDAR alert: Tariff announcement
Trump has a press conference scheduled at 1pm ET regarding tariffs. Could be a market mover.
SPX 0-dte trades for 2/13/25
#SPX0dte Sold to Open $SPX 5960/5980-6105/6125 condors for 1.20, IV 21.87%, -.06 +.06
SPX
Out a day and up a strike.
Rolled SPX Feb 12 2025 6025.0 Put to Feb 13 2025 6030.0 Put @ 10.00 credit (21.05 total now)
MRNA LEN DHI PEP MRK Puts
Sold 1 MRNA 02/14/2025 25/27 Bull Put Spread at $0.19 Credit
Sold 1 LEN 02/14/2025 110/114 Bull Put Spread at $0.15 Credit
Sold 1 DHI 02/14/2025 118/122 Bull Put Spread at $0.16 Credit
Sold 1 PEP 02/14/2025 137/141 Bull Put Spread at $0.18 Credit
Sold 1 MRK 02/14/2025 83/85 Bull Put Spread at $0.24 Credit
SOXL
#rolling
SOLD SOXL 14 FEB 2025 28.5 PUT to 21 FEB 2025 28.5 put@.43
SOLD SPCE 14 FEB 2025 6.5 PUT to28 FEB 2025 6.5 put@.02
SPX
Roll out to tomorrow on the little bounce.
Rolled SPX Feb 12 2025 6045.0 Puts to Feb 13 2025 6045.0 Puts @ 9.75 credit (22.55 total now)
BIIB TQQQ SOXL VXX Puts
Sold 1 BIIB 02/14/2025 125/130 Bull Put Spread at $0.65 Credit
Sold 1 TQQQ 02/14/2025 73.5/78.5 Bull Put Spread at $0.47 Credit
Sold 1 SOXL 02/14/2025 24.5 Put at $0.14
Rolled 1 VXX 02/14/2025 44.5 Put to 1 VXX 02/21/2025 44.0 Put at $0.15 Credit
VXX CVS NUGT Calls
Sold 1 VXX 02/14/2025 56/48 Bear Call Spread at $0.22 Credit
Sold 1 VXX 02/14/2025 57/47 Bear Call Spread at $0.33 Credit
Rolled 1 long CVS 02/14/2025 64.0 Call to 1 CVS 02/21/2025 67.5 Call at $0.09 Credit
Bought 1 NUGT 02/21/2025 61.0 Call and Sold 1 NUGT 02/14/2025 54.0 Call at $0.50 Diagonal Credit
SPX 0-dte trades (or not) for 2/12/25
#SPX0dte Modeled some 6-delta condors 30 minutes before the open but shied away due to high volatility. Turns out they would have been perfect, with premium already halved 45 minutes later. May stay on sidelines or look for something after Powell testimony gets underway.
CPI up 0.5% in Jan, higher than expected
Monthly 0.5%; Annual rate at 3%. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%. The annual rate was 0.1 percentage point higher than December.
https://www.cnbc.com/2025/02/12/cpi-january-2025.html
BOIL Calls
Rolled up 1 BOIL 02/14/2025 71.0 Call to 1 BOIL 02/21/2025 77.0 Call at $0.09 Credit
SPX
And the rest…
Bought to Close SPX Feb 11 2025 6045.0 Puts @ .80 (sold for 8.60)
Sold SPX Feb 12 2025 6045.0 Puts @ 12.80
SPX
One filled. Everything else sitting at 6045 today.
Bought to Close SPX Feb 11 2025 6025.0 Put @ 1.05 (sold for 14.50)
Sold SPX Feb 12 2025 6025.0 Put @ 11.05
TQQQ BOIL Puts
Sold 1 TQQQ 02/14/2025 74.5/79.5 Bull Put Spread at $0.35 Credit
Sold 1 BOIL 02/14/2025 50/57 Bull Put Spread at $0.23 Credit
TSLA creating ladder
Sold to open $TSLA Mar 21 240 puts @ 1.45, adding a rung to create a ladder with Mar 21 260 puts sold on 2/6.
TQQQ,
STO March 28, $65 puts at 1.26
CLF Calls
Sold 1 CLF 02/21/2025 15/12.5 Bear Call Spread at $0.32 Credit
Sold 1 CLF 02/28/2025 16/13.5 Bear Call Spread at $0.25 Credit
ALB CE Puts
Sold 1 ALB 02/14/2025 60/65 Bull Put Spread at $0.37 Credit
Sold 1 CE 02/21/2025 55/60 Bull Put Spread at $0.63 Credit
PSX Stock
Sold a tiny bit of PSX (pre-market) at $129.31. Bought in December at $118.00
Sold 1 tiny bit more on the open at $131.51. Bought at $115.00.
#FormerFallingKnife
SPX 0-dte trades for 2/11/25
#SPX0dte Sold to Open $SPX Feb 11th 5960/5980-6095/6115 condors for 1.30, IV 21.01%, deltas -.06 +.08
Could be a volatile day if the market decides to over-react to whatever Powell says on the Hill.
CLF Calls
Sold 1 CLF 02/14/2025 13.5/12 Bear Call Spread at $0.24 Credit
I also have long stock
SPX
Finally booking all the rolls and re-loading.
Bought to Close SPX Feb 10 2025 6035.0 Puts @ .30 (sold for 35.60)
Bought to Close SPX Feb 10 2025 6035.0 Puts @ .30 (sold for 64.25)
Sold SPX Feb 11 2025 6045.0 Puts @ 8.60
SPX
Closing this in another account. This is how you imagine these going in a perfect world (sideways choppy). LOL Opened on Nov 26 2024. Market is only 35 points higher now.
LEAPS made money while collecting daily premium.
Sold to Close SPX Dec 2029 6000/6000/6400 Synthetic Short Stock @ 318.0 credit (bought for 305.0)
Bought to Close SPX Feb 10 2025 6035.0 Put @ 2.45 (sold for 59.25)
So:
LEAPS gain: 13.00
Current short put gain: 56.80
Previous premium received: 68.05
Net gain: 137.85
EDIT: More data collected now. In a straight up market these average about 50 cents on a dollar profit of premium collected. In a near perfect world as we see here it’s over a dollar of profit per dollar collected. Overall in a wide variety of positions looking at around 70 cents on a dollar.
ADBE
From an old post earnings trade repair. I’ll take it!
Bought to Close ADBE Feb 21 2025 420/410/420 Inverted Jade Lizard @ 10.40 (sold for 10.10)
RDDT
BTO 2/28/25 145 Puts at .99
Earning Hedge
QQQ
#syntheticcoveredcalls STO 2/12/25 540 calls at .20
previous QQQ short call positions expired worthless
SPX
As long as we stay above 6035 should be booking a bunch of premium today. As current positions get paid off I’ll keep adding until reaching my max. Adding another one.
SPX Dec 2029 6000/6000/6400 @ 327.0 debit
Sold SPX Feb 11 2025 6025.0 Put @ 14.50
SPY
Moving some stuff around today. To simplify things having one account for SPX only and one account for SPY and whatever else happens to come along.
Bought to Close SPY Feb 21 2025 580.0 Puts @ .72 (sold for 2.30)
Bought to Close SPY Mar 21 2025 570.0 Put @ 2.76 (sold for 3.30)
Bought to Close SPY Mar 21 2025 575.0 Put @ 3.28 (sold for 3.82)
Bought to Close SPY Mar 21 2025 580.0 Put @ 3.81 (sold for 4.52)
BOIL VXX ADM OXY Calls
Sold 1 BOIL 02/14/2025 71/68 Bear Call Spread at $0.63 Credit
Sold 1 VXX 02/14/2025 57/47 Bear Call Spread at $0.28 Credit
Sold 1 ADM 02/14/2025 47.0 Covered Call at $0.20
Sold 1 OXY 02/14/2025 49.0 Covered Call at $0.11
WYNN ALB Puts
Sold 1 WYNN 02/14/2025 66/71 Bull Put Spread at $0.20 Credit
Sold 1 ALB 02/14/2025 66/71 Bull Put Spread at $0.93 Credit
AMD MSFT GOOGL NNE DELL Call
#syntheticcoveredcalls #coveredcalls
$AMD STO 2/14 114 call at .57
$MSFT STO 2/14 427.5 call at .35
$GOOGL STO 2/14 195 call at .30
$NNE STO 2/14 42.5 call at .55
$DELL STO 2/14 116 call at .52
ADM VFC CLF NUGT TQQQ
Sold to close 1 ADM 02/14/2025 44.5 Put at $0.25. Not needed since the assignment of the short ADM put Friday.
Sold 1 VFC 02/21/2025 21/23.5 Bull Put Spread at $0.48 Credit
Sold CLF 02/28/2025 13.5 Covered Calls at $0.09
Sold 1 CLF 02/14/2025 11.5 Covered Call at $0.35
Sold 1 NUGT 60/56 Diagonal Bear Call Spread at $0.15 Credit
Sold 1 TQQQ 97/90 Diagonal Bear Call Spread at $0.27 Credit
NVDA Put Close
#shortputs
$NVDA BTC 2/21 100 put at .10. STO at 1.15. Thank you @ramie77
SPX 0-dte trades for 2/10/25
#SPX0dte Sold to Open $SPX Feb 10th 5970/5990-6095/6115 condors for 1.50, IV 20.59%, deltas -.06 +.08
Earnings 2/10 – 2/14
Econ Calendar 2/10 – 2/14
Quiet Monday followed by two days of Powell testimony before Congress, and CPI Wednesday, PPI Thursday, Retail Sales Friday
Late trades
Just noticed these
Started a new position in FMC at $34.00
Started a new position in NKE at $69.00
#SP500 #FallingKnife
Liquidated my entire (very old) position in LNC at $37.14
#FormerFallingKnife
Sold 1 F 02/14/2024 9.0 Put at $0.09
#TinyPuts
Options Bistro 