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

STO TSLA May21’21 500 PUT @3.11

V is down 5% today

STO AYX Mar19’21 100 PUT @1.79

STO AKAM Mar19’21 92.5 PUT @1.10

SPOT is down 8% today

STO SPOT Mar19’21 250 PUT @3.10

STO BK Mar19’21 40 PUT $1.00

When looking at the option chain in TOS, is there a way to display annualized return in a column?
Just like displaying ROR, which is built in.

BABA is down today 15% on the news.

FYI
ZM dropped about 6% today.
Possible reason is that one of the ZM employees got charged by US government for sharing private data with the Chinese government.
We received a notice at work from one of our suppliers about data security issue.

Take a look at this trade

ABNB
STO Jul 90 PUT
BTO Jul 140/160 CALL spread
Credit 5.35

QCOM is down 8% today
STO QCOM Dec24’20 135 PUT @1.36

I came across this video. Thought to share it here.

Lost $30,000 on a $1-Wide Credit Spread – TSLA (Options Traders MUST Watch This)

A friend asked me a question about risk and collar trades. I provided an answer, but then started doubting if the answer was correct.

Example:

BTO 100 shares of XYZ stock
BTO 1 Jan 2020 $100 PUT
STO 1 Jan 2020 $100 CALL
The entire transaction was done for $100 debit.

I said that if the position is held until expiry, there would be not risk (not counting fees).

Is that correct or did I miss something?

COST announced today that its Board of Directors has declared a special cash dividend on Costco common stock of $10 per share, payable December 11, 2020, to shareholders of record as of the close of business on December 2, 2020.