MRVL 134/141 Bull Put Spread
UVXY 43/41 Bear Call Spread
BOIL 16.0 Covered Call
SPCE 5.0 Covered Calls
TZA 8.5 Covered Calls
#EveryLittleBitHelps
CAG 13.5 Put
#TinyPuts
ASSIGNMENTS:
HPQ 21.0 Covered Calls
KHC 23.5 Covered Call
TSCO 32.5 Put – will sell covered call next week
TSCO 32.0 Put- will sell covered call next week
Rolled 1 WDAY 05/08/2026 111/126 Bull Put Spread to 1 WDAY 05/15/2026 113/125 Bull Put Spread at $1.50 Credit
Rolled 1 WDAY 05/08/2026 115/125 Bull Put Spread to 1 WDAY 05/15/2026 115/124 Bull Put Spread at $0.93 Credit
Tightened up both spreads for lower margin impact while still getting decent cash flow
Rolled 1 BSX 05/08/2026 52/55 Bull Put Spread to 1 BSX 05/15/2026 52/55 Bull Put Spread at $0.30 Credit
Not everything is going up
Added a tiny bit of TSCO stock at $30.96
Added a tiny bit of BSX stock at $54.98
Added a tiny bit of ABT stock at $85.00
Added a tiny bit to a large CE position at 56.57.
This after taking some gains on a small part of the position in April at $68.17 and getting some decent premiums on March covered Calls
#FuzzyLEAPs
Rolled $XSP May 8th 732 puts to May 11th 732 puts, .69 credit
Rolled $XSP May 8th 730 puts to May 11th 730 puts, .51 credit
Rolled SPX May 08 2026 7325.0 Puts to May 11 2026 7325.0 Puts @ 8.25 credit (24.45 total now)
Rolled SPX May 08 2026 7325.0 Puts to May 11 2026 7350.0 Puts @ 13.00 credit (29.20 total now)
Rolled SPX May 08 2026 7375.0 Puts to May 11 2026 7375.0 Puts @ 14.00 credit (48.45 total now)
#fuzzyleaps
Breakfast roll:
Rolled SPX May 8 2026 7325 Put to May 11 2026 7325 Put @ 8.00.
Nuts/bonkers (insert your own description of the market here)!!
I had a 500 point range on the SPX that I could make money on last Friday for a 14 day trade. I have adjusted twice and may need another adjustment today.
Having traded the market almost every day since 2004 I would place a large wager that the money piling in at the top is not the “smart money”. But still have to trade what the market is giving us and right now that is everyone left on the sidelines wants to buy the market.
Trade smarter! Chris
Bought to close 1 MRVL 05/08/2026 133/140 Bull Put Spread at $0.01
Bought to close 1 TSLA 05/08/2026 350/362.5 Bull Put Spread at $0.01
Bought to close 1 WDAY 05/08/2026 149/133 Bear Call Spread at $0.01
#Jobs — Much higher than expected again; UE holds.
Gain of +115,000 non-farm payroll jobs, vs. expected gain of 55K
Unemployment unchanged at 4.3%
U6 unemployment 8.2%, up by 0.2
Labor force participation down 0.1 to 61.8%
Average hourly earnings up by 0.2%; +3.6% Y/Y
March jobs revised up by +7K to +185K
February jobs revised down by -23K to -156K
Options Bistro 