Straight rolls. Love it. Standing orders filled on these:
Rolled SPX Oct 09 2025 6725.0 Puts to Oct 10 2025 6725.0 Puts @ 8.00 credit (13.50 total now)
Rolled SPX Oct 09 2025 6730.0 Puts to Oct 10 2025 6730.0 Puts @ 9.00 credit (15.20 total now)
Had to chase this to get a fill just before the close:
Rolled SPX Oct 09 2025 6750.0 Put to Oct 10 2025 6750.0 Put @ 4.00 credit (109.45 total now)
#SPX0dte Sold to Open $SPX Oct 9th 6700/6730-6735/6760 condors for 10.60, IV 14.04%. Gotta try something.
Day 6 out of the last 7 with an EM breach for 6-delta condor… this time, like yesterday, not much more than a touch before retracing. No trades yet today.
#closeearly
#releasingmargin
BTC BE 17 OCT 2025 55/50 PUT @.05
Still messing around with a few of these. Same setup as SPX.
Bought to Close SPY Oct 08 2025 670.0 Puts @ .02 (sold for 7.10)
Sold SPY Oct 09 2025 670.0 Puts @ .60
I was going to keep tracking these as rolls until the end of the shutdown but….out on the road and just now got a chance to get today’s done. We’ll go ahead and book a few and reset.
Bought to Close SPX Oct 08 2025 6720.0 Puts @ .10 (sold for 41.70)
Bought to Close SPX Oct 08 2025 6725.0 Puts @ .10 (sold for 42.10)
One roll:
Rolled SPX Oct 08 2025 6750.0 Put to Oct 09 2025 6750.0 Put @ 10.00 credit (105.45 total now)
And:
Sold SPX Oct 09 2025 6725.0 Puts @ 5.50
Sold SPX Oct 09 2025 6730.0 Puts @ 6.20
#SPX0dte Sold to Open $SPX Oct 8th 6645/6665-6765/6785 condors for 1.10, IV 16.50%, deltas -.07 +.06
The overnight was mellow so the long trade from yesterday isn’t working, so I’ll either keep it for some protection on upside or close for breakeven or small loss.
#SPX0dte Bought to Open $SPX Oct 8th 6775/6795 call spreads for .35. This same spread for Oct 7th was running about .45 before market and peaked at about 1.60 at the open. Since the market is so swingy any up move overnight should work.
Some light maintenance on the rental houses.
Rolled Jan 2029 6500 long puts up to Jan 2029 6600 long puts
Rolled Jan 2029 6500/6900 BeCS to Jan 2029 6600/7000 BeCS
Net debit for the whole thing: 30.50 per house
Early rolls. Out the rest of the day.
Rolled SPX Oct 07 2025 6715.0 Puts to Oct 08 2025 6720.0 Puts @ 5.00 credit (41.70 total now)
Rolled SPX Oct 07 2025 6715.0 Puts to Oct 08 2025 6725.0 Puts @ 5.40 credit (42.10 total now)
Rolled SPX Oct 07 2025 6750.0 Put to Oct 08 2025 6750.0 Put @ 6.25 credit (95.55 total now)
#exitearly
BTC DELL 17 OCT 2025 125/120 PUT @.05
#SPX0dte I’m back from 6-day hiatus and looking at futures shooting to all-time highs (25-point move in last 4 hours); there just is not a safe 0-dte selling opportunity. I’ll watch to see if anything develops.
I wouldn’t mind some sideways to down for awhile.
Rolled SPX Oct 06 2025 6700.0 Puts to Oct 07 2025 6715.0 Puts @ 6.50 credit (36.70 total now)
Rolled SPX Oct 06 2025 6750.0 Put to Oct 07 2025 6750.0 Put @ 6.00 credit (89.30 total now)
For example, ETF Database lists more than 260 single stock exchange-traded funds (“ETFs”), most of them leveraged. ETF issuer Direxion alone offers 118 leveraged and inverse ETFs, many on single stocks. Forty of those funds apply three times leverage. There are even a few 4X ETFs for the most swashbuckling riverboat gamblers in the market.
Bloomberg recently reported that there are currently more than 4,300 ETFs, eclipsing the number of listed U.S. companies at roughly 4,200. ETF issuers have launched 640 new funds so far this year. There are about 16,000 ETFs, closed-end funds, and mutual funds in existence today.
There are way too many cryptocurrencies, too. According to CoinMarketCap, there are more than 22 million different crypto tokens of various types. The site actively tracks more than 39,000 tokens trading on 853 exchanges. The total market cap of all cryptos today is more than $4 trillion.
#coveredcalls #optionsexpiration #Aggravated
$NVDA 192.5
$TNA 46.5
$CRWV 146
$MRVL 87
$PLTR 190
$TSLA 485
Called away
$SMCI 50
I wouldn’t mind some sideways to down for awhile.
Rolled SPX Oct 03 2025 6675.0 Puts to Oct 06 2025 6700.0 Puts @ 5.50 credit (30.20 total now)
Rolled SPX Oct 03 2025 6730.0 Put to Oct 06 2025 6750.0 Put @ 16.75 credit (83.30 total now)
Yesterday:
Sold 1 OXY 10/03/2025 43.5 Put at $0.06
Sold 1 BMY 10/03/2025 44.0 Put at $0.09
Today:
Sold out of my tiny positions in PFE at $27.50 and $27.66
Sold out of my tiny positions in ARE at $85.01 (after capturing the last dividend)
Sold 1 TZA 10/10/2025 7.5 Put at $0.14
Sold 1 KVUE 10/10/2025 15.5 Put at $0.19
This is probably the first full week I’ve taken off from trading in 10 years. After a quiet Monday and Tuesday, the EM on 6-delta condors was hit Wed-Fri. This seems to be the 2025 norm, whereas the 2023-2024 norm was maybe twice in 2 weeks.
I tested the 6-delta all week and had I stopped out quickly when EM hit I would have been breakeven. However, since upside EM hits are common during Upside Warning, it also seems pullbacks are common on its way up. I think by waiting for pullbacks it would eke out a profit on a week like this.
Downside, however, is different. Premium is much higher on downside EM hit, and the drop can continue in earnest. Frustrating part is, that it almost always will bounce and end the day safely. But the one day it doesn’t can be a very large loss. So I have to consider how to manage downside EM breaks. That happened on Thursday this week and it was a 2.10 payout to close when it hit, but then went much deeper…. but eventually bounced and actually ended the day with new all-time closing high.
I also tested a cheap 60-cent LONG condor… 30-cent spreads on each side, then close the winning side at or above 1.20. Obvious losses on Monday and Tuesday but wins the other three days. Total profit for the week: 95 cents. Possible solution until the market returns to less swingy status. I think days like Monday and Tuesday, after a couple hours of consolidation, can be good for some tight condors.
#earlyclose
#freeingupcash
BTC HOOD 17 OCT 2025 100/90 PUT @.05
Due to government shutdown
(in case someone hasn’t already mentioned it)
STO October 17, 110 puts at 6.40
I just had to get back in.
Rolling on the dip. Collapsing the ladder for simplicity. Will continue tracking everything as rolls until the gubment shutdown ends.
Rolled SPX Oct 02 2025 6630.0 Puts to Oct 03 2025 6675.0 Puts @ 5.55 credit (23.10 total now)
Rolled SPX Oct 02 2025 6640.0 Put to Oct 03 2025 6675.0 Put @ 6.25 credit (32.25 total now)
Rolled SPX Oct 02 2025 6650.0 Put to Oct 03 2025 6675.0 Put @ 5.50 credit (26.50 total now)
Rolled SPX Oct 02 2025 6725.0 Put to Oct 03 2025 6730.0 Put @ 9.25 credit (66.55 total now)
1 GLD 10/01/2025 360/359 Bear Call Spread
Rolling….
Rolled SPX Oct 01 2025 6600.0 Put to Oct 02 2025 6630.0 Put @ 7.00 credit (12.50 total now)
Rolled SPX Oct 01 2025 6625.0 Puts to Oct 02 2025 6630.0 Puts @ 7.00 credit (21.00 total now)
Rolled SPX Oct 01 2025 6625.0 Put to Oct 02 2025 6650.0 Put @ 12.00 credit (25.15 total now)
Rolled SPX Oct 01 2025 6630.0 Put to Oct 02 2025 6650.0 Put @ 5.00 credit (21.00 total now)
Rolled SPX Oct 01 2025 6640.0 Put to Oct 02 2025 6640.0 Put @ 7.00 credit (26.00 total now)
Rolled SPX Oct 01 2025 6650.0 Put to Oct 02 2025 6650.0 Put @ 7.50 credit (29.50 total now)
And to put a cap on the stupidity:
Rolled SPX Oct 01 2025 6650.0 Put to Oct 02 2025 6725.0 Put @ 35.00 credit (57.00 total now)
And:
Sold SPX Oct 02 2025 6630.0 Put @ 8.00
Options Bistro 