VIX not doing much but market is sure whippy. Wonder if time to be cautious?
Monthly Archives: February 2025
SPX
Looking a little weak so rolling down slightly.
Rolled SPX Feb 07 2025 6040.0 Put to Feb 10 2025 6035.0 Put @ 12.50 credit. (35.50 total now)
Rolled SPX Feb 07 2025 6050.0 Put to Feb 10 2025 6035.0 Put @ 4.50 credit. (59.15 total now)
Rolled SPX Feb 07 2025 6050.0 Puts to Feb 10 2025 6035.0 Puts @ 5.00 credit. (35.60 total now)
Rolled SPX Feb 07 2025 6050.0 Puts to Feb 10 2025 6035.0 Puts @ 5.00 credit. (64.20 total now)
SPY
Adding.
Sold SPY Mar 21 2025 570.0 Put @ 3.30
AMZN short puts
Sold to open $AMZN 3/21 205 puts @ 1.31
TSLA COST SOXL
SOLD VERTICAL TSLA 14 FEB 2025 317.5/315 PUT @.07
SOLD VERTICAL COST 14 FEB 2025 985/980 PUT @.14
#shortput
SOLD SOXL 14 FEB 25 21 PUT @.14
SPY
Starter ladder below the 100 day.
Sold SPY Mar 21 2025 575.0 Put @ 3.82
Sold SPY Mar 21 2025 580.0 Put @ 4.52
Jobs Data
Every single month in 2024 just got revised down in today’s jobs report—by an average of -626k. And if that wasn’t bad enough, the BLS business employment dynamics data and the Philly Fed’s early benchmark suggest even bigger downward revisions coming in the next annual update.
DHI LEN
Big breakdown in homebuilders today
I lived through 2008 so I’m ignoring the low P/Es and staying away
TQQQ,
I am back in. My timing could have been better.
STO March 21, 70 puts at 1.44
STO march 21, 75 puts at 2.79
DECK Puts
Bought to close 1 DECK 02/07/2025 165/170 Bull Put Spread at $0.05
Sold last Friday at $0.50
SPX 0-dte trades for 2/7/25
#SPX0dte Sold to Open $SPX 5995/6015-6135/6155 condors for 1.20, IV 21.88%, deltas -.06 +.06
January Jobs Report
#Jobs — Less than expected; wage growth hotter than expected
Gain of +143,000 non-farm payroll jobs, vs. expected gain of 169K
Unemployment down 0.1 to 4.0%
U6 unemployment 7.5%, unchanged
Labor force participation up 0.1 to 62.6%
Average hourly earnings up by 0.5%, vs expected +0.3%; +4.1% Y/Y
December jobs revised up by +51K to +307K
November jobs revised up by +49K to +261K
SPY Expiration
1 SPY 02/06/2025 565/570 Bull Put Spread – sold Monday at $0.18
Totally out of SPY for now
VXX Calls – 1DTE
Sold VXX 02/07/2025 51/46.5 Bear Call Spreads at $0.14 Credit
F Puts
Sold F 02/07/2025 9.0 Puts at $0.02 and $0.03
#EveryLittleBitHelps
TSLA short puts
Sold to open $TSLA Mar 21 260 puts @ 1.41
VXX Puts
Rolled down 1 VXX 02/07/2025 44.0 Put to 1 VXX 02/14/2025 43.5 Put at $0.28 Credit
Rolled down 1 VXX 02/07/2025 45.0 Put to 1 VXX 02/14/2025 44.5 Put at $0.09 Credit
NVDA Puts
Bought to close 1 NVDA 98/103 Bull Put Spread at $0.01.
Sold Monday at $0.44
#ReleaseMargin
SPX
Rolling this one up to where we closed last Friday.
Rolled SPX Feb 07 2025 6000.0 Put to Feb 07 2025 6040.0 Put @ 8.00 credit. (23.00 total now)
SPX 0-dte tradex for 2/6/25
#SPX0dte Sold to Open $SPX Feb 6th 5985/6005-6115/6135 condors for 1.40, IV 19.62%, deltas -.06 +.07
Hmmmm??
The chart below shows the average lifespan of companies in the S&P 500 Index. In the 1970s, the average lifespan was 29 years. In the 2020s, it’s projected to be just over 18 years. This just highlights the amount of disruption and turnover among market leaders today.
Take a look…
So how do companies maintain their dominant positions?
Fortune says these leaders must be “champions of adaptability, nimbly responding to an ever-changing environment.” The magazine also cites authors Jim Collins and Jerry Porras’ bestseller Built to Last: Successful Habits of Visionary Companies, which claims the best companies will “preserve the core and stimulate progress.”
NVDA
BTC NVDA 02/21/25 100 put @ .35….STO 1/27/25 @ 2.05
#shortputs
TLT Put Close / GOOGL Call
#shortputs
$TLT BTC 2/21 86 put at .10. STO at .90. Thank you @fuzzballl
#syntheticcoveredcalls
$GOOGL STO 2/7 200 call at .20 I remembered
SPY Expiration
1 SPY 02/05/2025 570/575 Bull Put Spread – sold Monday at $0.18
OKLO AMZN
#everylittlebithelps
#bullputspreads
SOLD VERTICAL OKLO 14 FEB 2025 15/14 PUT @.05
SOLD VERTICAL AMZN 7 FEB 2025 205/202.5 PUT @.07
TQQQ,
BTC March 21, $70 puts at 1.95 so took a small loss of .05 and am again 100% cash. I don’t have a good feel about the market so when in doubt, stay out.
HSY BOIL Puts – VXX Calls
Sold 1 HSY 132/135 Diagonal Bull Put Spread at $0.13 Credit
Sold 1 BOIL 02/07/2025 50.5/52.5 Bull Put Spread at $0.16 Credit
Sold 1 VXX 02/07/2025 53/46.5 Bear Call Spread at $0.15 Credit
#EveryLittleBitHelps
NVDA
Nice three day bounce. I’ll take these and see how earnings looks later.
Bought to Close NVDA Feb 28 2025 95.0 Puts @ .60 (sold for 1.50)
Bought to Close NVDA Mar 21 2025 85.0 Puts @ .61 (sold for 1.68)
TLT
Taking the rest of a decent size position off at 85-90 percent of max a couple weeks early.
Bought to Close TLT Feb 21 2025 87.5 Put @ .31 (sold for 1.79)
Bought to Close TLT Feb 21 2025 87.0 Puts @ .23 (sold for 1.48)
Bought to Close TLT Feb 21 2025 86.5 Puts @ .16 (sold for 1.24)
Bought to Close TLT Feb 21 2025 86.0 Puts @ .13 (sold for 1.00)
Bought to Close TLT Feb 21 2025 85.5 Puts @ .09 (sold for .82)
Bought to Close TLT Feb 21 2025 85.0 Puts @ .06 (sold for .60)
CLF JBLU Calls
Sold 1 CLF 02/07/2025 11.0 Covered Call at $0.09
Sold 1 JBLU 02/07/2025 7.0 Covered Call at $0.03
#EveryLittleBitHelps
HSY MDLZ Stocks
Add a tiny bit to my HSY position at $141.00 and $139.00(pre-market)
Started a tiny new position in MDLZ at $54.25
#SP500 #FallingKnife
SPX
I’ve recovered over 70 percent of my cash outlay of all my current positions in this account (all set up last Oct 18th) so adding one more. May or may not sell against all of them all the time. Might keep one uncovered for a little extra gain to the downside.
SPX Dec 2029 6000/6000/6400 @ 330.0 debit
EDIT: AMZN earnings tomorrow and economic numbers on Friday the premium is too good to pass up.
Sold SPX Feb 07 2025 6000.0 Put @ 15.00
AMD puts
Sold to open $AMD Mar 21 95 puts @ 1.19
GOOGL Calls
$GOOGL BTO 1/16/2026 185 calls at 27.84. Will sell calls during the year. Hope I remember.
SPX
Going out to Friday and down a strike. This gets all the daily sales back in the same spot.
Rolled SPX Feb 05 2025 6055.0 Puts to Feb 07 2025 6050.0 Puts @ 11.60 credit (30.60 total now on these)
TLT
Assigned on Feb 88 strike put. Strange since it was just ITM by a few cents. I’ll take it though.
Sold TLT Shares @ 89.42 (bought for 85.88)
SPX 0-dte trades for 2/5/25
#SPX0dte Sold to Open $SPX Feb 5th 5935/5955-6080/6100 condors for 1.15, IV 23.22%, deltas -.07 +.05
Waited until last minute of premarket trading since we are trending up.
SPY Expiration
1 SPY 02/04/2025 576/581 Bull Put Spread
AMD PLTR Call
#coveredcalls
$AMD STO 2/7 128 at 2.20
$PLTR STO 2/7 108 at 1.40
TQQQ,
BTO February 7, 85/90 bull call spread at 1.26
DECK MRK Calls
Sold 1 DECK 02/07/2025 190/180 Bear Call Spread at $0.20 Credit
Sold 1 MRK 02/07/2025 99/94 Bear Call Spread at $0.14 Credit
#EveryLittleBitHelps
SOXL MRNA Puts
Sold 1 SOXL 18/23 Diagonal Bull Put Spread at $0.16 Credit
Sold 1 MRNA 02/07/2025 30.5 Put at $0.07
#TinyPuts
SPY
Taking these off for 40 percent of max in a couple days.
Bought to Close SPY Mar 21 2025 550.0 Put @ 2.04 (sold for 3.50)
Bought to Close SPY Mar 21 2025 555.0 Put @ 2.36 (sold for 4.00)
Sold too early so booking them for beer money.
Bought to Close SPY Mar 21 2025 561.0 Put @ 2.82 (sold for 2.95)
Bought to Close SPY Mar 21 2025 569.0 Put @ 3.62 (sold for 3.80)
Bought to Close SPY Mar 21 2025 575.0 Put @ 4.38 (sold for 4.65)
Bought to Close SPY Mar 21 2025 580.0 Put @ 5.17 (sold for 5.40)
SPX
Nothing crazy yet. Just out a day and see what happens next.
Rolled SPX Feb 04 2025 6055.0 Puts to Feb 05 2025 6055.0 Puts @ 7.00 credit (19.00 total now)
PLTR Puts
Bought to close 1 PLTR 02/07/2025 60/65 Bull Put Spread at $0.01. Sold yesterday at $0.38
SOXL
#rolling
rolled SOXL 7 FEB 2025 28.5 PUT to 14 FEB 2025 28.5 put/ @.48
SPX 0-dte trades for 2/4/25
#SPX0dte Sold to Open $SPX Feb 4th 5890/5910-6070/6090 condors for 1.40, IV 29.04%, deltas -.06 +.06
SOXL
#shortputs
SOLD SOXL 7 FEB 25 22 PUT @.24
AAPL put
Sold to open $AAPL Mar 21 210 put @ 2.11
Tiny Puts – Covered Calls
Sold 1 APA Feb 07 2025 20.5 Put at $0.07
Sold 1 MTCH Feb 07 2025 28.0 Put at $0.08
Sold 1 ADM Feb 07 2025 46.0 Put at $0.10
Sold 1 PFE Feb 07 2025 25.0 Put at $0.13
Sold 1 MSTX Feb 07 2025 23.0 Put at $0.15
#TinyPuts
Sold WBA Feb 07 2025 12.5 Covered Calls at $0.02
Sold 1 OXY Feb 07 2025 49.0 Covered Call at $0.09
#CoveredCalls
#EveryLittleBitHelps
NVDA
Don’t really want assigned early so rolling my most aggressive position. Everything else sitting down at 95 and 85.
Rolled NVDA Feb 07 2025 125.0 Put to Mar 21 2025 115.0 Put @ .55 credit (5.10 total now)
SPX
Nothing crazy yet. Just out a day and see what happens next.
Rolled SPX Feb 03 2025 6055.0 Puts to Feb 04 2025 6055.0 Puts @ 5.50 credit (12.00 total now)
SPY
Filled on a couple.
Sold SPY Mar 21 2025 550.0 Put @ 3.50
Sold SPY Mar 21 2025 555.0 Put @ 4.00
NVDA put
Sold to open $NVDA Feb 21 100 put @ 1.33
UVXY call spread
Sold to open $UVXY March 21 25/35 bear call spread @ 1.21
WOW – just WOW!!
At the open:
Sold 1 SPY 02/04/2025 576/581 Bull Put Spread at $0.26 Credit
Sold 1 SPY 02/05/2025 570/575 Bull Put Spread at $0.18 Credit
Sold 1 VXX 02/07/2025 55/50 Bear Call Spread at $0.62 Credit
Sold 1 VXX 02/07/2025 55/49 Bear Call Spread at $0.83 Credit
Sold 1 NVDA 02/07/2025 98/103 Bull Put Spread at $0.44 Credit
Sold 1 SOXL 02/07/25 20/22.5 Diagonal Bull Put Spread $0.17 Credit
Sold 1 PLTR 02/07/2025 60/65 Bull Put Spread at $0.38 Credit
Sold 1 AMD 02/07/2025 95/100 Bull Put Spread at 0.43 Credit
Sold 1 GOOGL 02/07/2025 175/180 Bull Put Spread at $0.28 Credit
Sold 1 TQQQ 02/07/2025 65/70 Bull Put Spread at $0.35 Credit
Sold 1 VFC 02/07/2025 21.5/25 Bull Put Spread at $0.32 Credit
Sold 1 AAP 02/07/2025 42/45 Bull Put Spread at $0.24 Credit
Sold 1 NUGT 02/07/2025 52.0 Covered Call at $0.15
Sold 1 MCHP 02/07/2025 45/48 Bull Put Spread at $0.35 Credit
Sold 1 CMG 02/07/2025 48/53 Bull Put Spread at $0.39 Credit
Sold 1 CVX 02/07/2025 139/144 Bull Put Spread at $0.25 Credit
Sold 1 PSX 02/07/2025 108/113 Bull Put Spread at $0.60 Credit
Sold 1 ADM 02/07/2025 46/48 Bull Put Spread at $0.25 Credit
SPX 0-dte trades for 2/3/25
#SPX0dte Sold to Open $SPX Feb 3rd 5845/5865-6065/6085 condord for 1.35, IV 33.33%, deltas -.06 +.05
Earnings 2/3 – 2/7
GOOG, CMG, DIS, AMZN
Econ Calendar 2/3 – 2/7
Another busy week including Jobs report on Friday
Where have the MAG7 Gone
Since January 10, the cap-weighted $SPY has been up 2.6%, but the equal-weight $RSP has been up 5.5%. Similarly, the cap-weighted $QQQ is up +3.1%, but equal weight $QQQE is up 5%. These cap-weighted indexes are, therefore, masking strength in the other stocks, so it isn’t all about the Magnificent Seven this year. What this means is that stock picking may be back.
Options Bistro 