Pretty low risk and not a bad price with the high IV. New synthetic long SPY starter position.
Bought to Open SPY Dec 17 2027 450/500/500 Synthetic Stock @ 65.0 debit (450 strike long disaster put)
and:
Sold SPY Apr 08 2025 510.0 Call @ 6.00
Pretty low risk and not a bad price with the high IV. New synthetic long SPY starter position.
Bought to Open SPY Dec 17 2027 450/500/500 Synthetic Stock @ 65.0 debit (450 strike long disaster put)
and:
Sold SPY Apr 08 2025 510.0 Call @ 6.00
This was from my latest experiment. Buying a DITM LEAP put and selling daily against it. Rolling the long LEAP down for credit now. Short next week’s 5975 against it. Not sure how I’ll handle that yet. Probably a debit roll to somewhere.
Rolled SPX Dec 21 2029 7000.0 Put to Dec 21 2029 6000.0 Put @ 500.0 credit (reduces total debit to 385.0)
#SPX0dte Sold to Open $SPX Apr 7th 4650/4675-5250/5275 condors for 1.65, IV 129.50%, deltas -.06 +.05
I was building put spreads to sell at the bottom and by the time I entered the trade we were headed back up so I missed it. Now I sold where we opened and I’m immeditaly getting crushed by a spike rally.
Sold 1 SOXL 04/11/2025 13.0 Covered Call at $0.11 – vs. stock put to me at $12 Friday
Sold SOXL 04/11/2025 17.0 Covered Calls at $0.03 and $0.06
Sold 1 SOXL 04/17/2025 17.0 Covered Call at $0.12
Sold 1 SOXL 04/25/2025 17.0 Covered Call at $0.18
Sold 1 SOXL 05/02/2025 17.0 Covered Call at $0.24
Sold 1 CLF 04/11/2025 9.0 Covered Calls at $0.03 – vs. stock put to me at $8 Friday
Sold CLF 04/11/2025 9.5 Covered Calls at $0.04
Sold 1 CLF 04/17/2025 9.5 Covered Call at $0.06
Sold WBA 04/11/2025 13.0 Covered Calls at $0.03
Sold 1 LVS 04/11/2025 39.0 Covered Call at $0.06
Sold VFC 04/11/2025 15.0 Covered Calls at $0.06 – vs. stock put to me at $14 Friday
#EveryLittleBitHelps