Rolled VIX Jan 20 20/35 Bull Call spread to Feb 17 20/35 for $0.67

1. What is the advantage of doing LEAPS out to 2030 instead of staying with 2028 or 2029?
Theta decay would become an issue with 1 year or less before expiry.
The initial investment is larger if going out to 2030 vs. staying with 2028-2029.
The only benefit that I can think of going to 2030 is if SPX will start declining.
You would still have to roll up in case the SPX will keep moving up, so why not get the maximum return on your investment by staying in 2028-2029?

2. I understand the reason for keeping uncovered LEAPS. You can get much higher premium if you catch SPX in a down move. However, does the math works? If you are waiting for 3-5 trading days, then the premium lost would be $30-50 per LEAP. Do you think you can get that much in a down move in SPX to counter the lost revenue?
Of course, if you are holding uncovered LEAPS just as a hedge, then my question is irrelevant.

Would love to know what you think about this.

Does anyone know what happens to a covered call position during a takeover?

Example:
Stock price – $28
Short call – @32
Takeover price – $30

I understand that shares will be sold at $30 and removed from the account.
But what happens to the calls?

TQQQ split today after close. Will start trading after split on Thursday.

Things are getting ugly. 😦

Risk Reversal using LEAPS
STO NVDA Jan15’27 125 PUT @35.12
BTO NVDA Jan15’27 90 CALL @38.12
Net debit $3.00

STO TSM Apr11 155/150 Bull Put @0.53

STO SMH Apr04 205/200 Bull Put @0.46

STO NVDA Apr11 105/100 Bull Put @0.57

STO TSLA Apr11 220/200 Bull Put @1.00

BTC TSLA Apr04 200/180 Bear Put @0.35 (Sold for $1.00)

Does anyone know if there is a downside to holding NVDY, TSLY, MSTY, CONY long-term?
Do they have a tendency to go down over time?

STO NVDA Mar21’25 90 PUT @1.92

It looks like TOS is canceling paper accounts. It started about a month ago and now even my oldest paper account was closed today. New paper accounts are not available.

Is there a decent alternative to TOS paper account with similar functionality?

LABU announced a reverse split, effective 2023-12-04.
The terms of the split are 1 : 20.

STO SPY Oct27’23 410 PUT @2.00

STO SPY Oct27’23 420 PUT @2.15

STO DIS Jan19’24 80 PUT @2.45

This question is for Jeff and everyone else trading SPX.

When your position is tested, like today with SPX at 3961 and short calls at 3970, how do you manage the emotional side of trading?

I usually close the trade early for a small loss, but most of the time miss out on a winning trade.
I think, it is a purely emotional response, but should be avoided in trading.

• Do you stick to your plan and close early, or hope for the best and see what happens?
• Is your approach different for Calls vs. Puts?

STO KRE Apr21’23 25 PUT @0.45
STO KRE Apr21’23 30 PUT @0.95

STO FAS Apr21’23 40 PUT @1.98
STO FAS Apr21’23 35 PUT @1.24

STO XBI Apr21’23 70 PUT @ 1.50

STO KRE Jun16’23 40 PUT @1.20

FYI SPY Dividend – Mar 17, 2023

STO KRE Jun16’23 50 PUT @1.15

STO IWM Mar17’23 180 PUT @1.00

STO XBI May19’23 75 PUT @1.80

STO XBI Apr21’23 75 PUT @1.50

STO SPY Mar10’23 380 PUT @1.65

I am curious what are you paying per contract for SPX options with your broker?
Interactive Brokers is charging $1.55 and $1.64 per contract, depending on the premium amount.

STO SPY Mar03’23 390 PUT @1.50
STO SPY Mar03’23 395 PUT @2.00

Not sure if this was a smart move, but ..
STO TSLA Jul21’23 80 PUT @8.75

Over the years, I have noticed that keeping track of trades is taking 2 to 3 times longer that the actual trading activities.

I use Excel spreadsheet and entering open/close trades is not a big deal. However, when I roll positions, sometimes for years, it is a tedious task.

Has anyone found a better way of recording trades (than Excel), including multiple rolls?

STO TSLA Dec16’22 130 PUT @1.75

STO META Dec16’22 95 PUT @5.76
Let’s see what happens 🙂

STO TSLA Oct21’22 200 PUT @4.00

Hi Jeff,
Somehow I lost ability to create new posts or reply directly in the optionsbistro.com.
Was working fine 2 days ago.
Checked login, cleared cache, etc…, but nothing helps.
This post is done from the WordPress account.
Can you please check if there are any issues with my username?
Thank you,
Mike

STO ITM XBI Jan20’23 70 PUT @11.45

STO INTC Sep16’22 35 PUT @1.16
STO INTC Jan20’23 35 PUT @1.98

STO BA Mar18’22 180 PUT @6.40
STO BA Jan20’23 180 PUT @26.20

STO FXI Apr14’22 31 PUT @0.50

STO TSLA Mar18’22 500 PUT @6.00
On a GTC order at the open.

STO RSX Mar18’22 10 PUT @0.70
Russia ETF

Possibly too early, but…
STO FB Mar18’22 190 PUT @ 2.05
STO FB May20’22 175 PUT @ 3.75

STO FAS Dec17’21 90 PUT @1.80

STO SOXL Dec17’21 45 PUT @1.20

STO TQQQ Dec17’21 105 PUT @1.73

STO ARKK Jan21’22 70.96 PUT @1.62

STO EWZ Jan21’22 26 PUT @1.10

SPLK is down 18% today on CEO resignation.

STO LABU Nov26’21 50 PUT @1.60

STO TSLA Nov19’21 700 PUT @4.25

PYPL is down 12%

Any idea why we had a 10% spike in VIX?

PTON is down 35%

DKNG is down 3.3%

MRNA is down 20%
Jan 150 Puts are $3

PENN is down today 20%

If Cathie Woods is buying Zillow, that is good for me … 🙂 🙂

STO Z Jan21’22 50 PUT @1.50

Just as a long hold with about 15% annual return.
STO EWZ Jan20’23 30 PUT @6.30
B/E = $23.70