#BearPutSpreads – Catching up on this week. Yesterday on the early dip closed long puts and left shorts alone.
Originally a 475/425 BePS @ 10.50 basis
Sold SPY JAN 17 2025 475.0 puts @ 25.40
Leaving Jan 2025 425 short puts @ 14.90 credit
Hoping for a little bounce now to get out of weekly short puts I was selling against the position.
SPY: Selling against 475/425 Bear Put Spreads out to Jan 2025. Giving it a little more room next week.
Rolled SPY Dec 29 2023 475.0 Puts to Jan 5 2024 472.0 Puts @ .60 credit (1.95 total now)
#LongStock #CoveredCalls – Letting my highest basis stock go for small profits and replacing with put sales. Getting a chunk of cash back into the 5 percent MM. Still holding long stock from 95 down to 85.
Sold Covered Stock @ 98.90 and 98.80 (basis 98.25)
Sold TLT Jan 19 2024 97.5 Puts @ .60
Sold TLT Jan 19 2024 99.5 Puts @ 1.30
#ShortPuts – I’m bored.
Sold MARA Jan 19 2024 17.5 Puts @ .82
#ShortPuts – Adding.
Sold TLT Jan 19 2024 98.5 Puts @ .72
Sold TLT Jan 19 2024 98.0 Puts @ .72
#ShortPuts – Jan starter size.
Sold TLT Jan 19 2024 99.0 Puts @ .85
#ShortPuts – Decent size position for me so gotta take it after this move.
Bought to Close TLT Dec 29 2023 99.0 Puts @ .09 (sold for 1.00)
Bought to Close TLT Dec 29 2023 100.0 Puts @ .29 (sold for 1.37)
Bought to Close TLT Dec 29 2023 101.0 Put @ .81 (sold for 1.87)
SPY: Selling against 475/425 Bear Put Spreads out to Jan 2025.
Bought to Close SPY Dec 26 2023 475.0 Puts @ .03 (sold for 1.75)
Sold SPY Dec 29 2023 475.0 Puts @ 1.35
#ShortPuts #CoveredCalls – A few today.
FXI: Selling against synthetic stock.
Bought to Close FXI Dec 22 2023 23.5 Calls @ .01 (sold for .17)
Sold FXI Jan 19 2024 24.0 Calls @ .38
SPY: Added 475/425 Bear Put Spreads @ 11.60 out to Jan 2025 earlier in the week. Been selling against it to hopefully make it zero cost eventually.
Rolled SPY Dec 22 2023 475.0 Puts to Dec 26 2023 475.0 Puts @ .60 credit (1.75 total now)
TLT: Rolling a few and adding covered straddle.
Rolled TLT Dec 22 2023 99.0 Puts to Dec 29 2023 99.0 Puts @ .43 credit (1.43 total now)
Rolled TLT Dec 22 2023 100.0 Put to Dec 29 2023 100.0 Put @ .18 credit (1.74 total now)
Considering letting lowest cost block of stock get called away if these get hit:
Sold TLT Dec 29 2023 99.0 Calls @ .45
XBI: Another round.
Bought to Close XBI Dec 22 2023 84.0 Puts @ .01 (sold for .86 and .87)
Sold XBI Jan 19 2024 82.0 Puts @ .94
Sold XBI Jan 19 2024 83.0 Put @ 1.14
Sold XBI Jan 19 2024 84.0 Put @ 1.43
#ShortPuts – Still using weekly gains to buy back covered calls. Hoping to get most of them back within a couple months.
Bought to Close TLT Dec 22 2023 97.5 Puts @.03 (sold for .50)
Bought to Close TLT Dec 22 2023 98.0 Puts @ .05 (sold for .70)
Sold TLT Dec 29 2023 99.0 Puts @ .67
Sold TLT Dec 29 2023 100.0 Puts @ 1.19
Sold TLT Dec 29 2023 101.0 Puts @ 1.87
Still watching 99 and 100 strike for tomorrow.
#SyntheticStock #ShortPuts – After reading this yesterday I’m thinning the herd. Keeping synthetic and beefing up disaster puts just in case.
https://www.zerohedge.com/geopolitical/graham-expresses-fury-report-xi-warned-biden-hell-reunify-taiwan-china
“Graham expressed outrage and called for bipartisan efforts to work toward urgently beefing up Taiwan’s defenses and military capabilities. “This story as reported is beyond unnerving,” Graham stated on X Wednesday. “I will be working with Democratic and Republican Senators to do two things quickly. First, create a robust defense supplemental for Taiwan and second, draft pre-invasion sanctions from hell to impose on China if they take action to seize Taiwan.”
Sold assigned stock @ 23.38 (basis 23.47)
Bought to Close FXI Dec 22 2023 24.0 Puts @ .62 (sold for .65)
Bought to Close FXI Dec 29 2023 24.5 Puts @ 1.12 (sold for .98)
Bought to Close FXI Jan 05 2024 24.0 Puts @ .84 (sold for .82)
Bought to Close FXI Jan 12 2024 23.5 Puts @ .62 (sold for .63)
Total loss about 60 bucks.
#ShortPuts – Adding.
Sold FXI Dec 29 2023 24.5 Puts @ .98
#ShortPuts – Taking nice gains a month early. Adding to shorter term sales.
Bought to Close TLT Jan 19 2024 95.0 Put @ .48 (sold for 3.23)
Bought to Close TLT Jan 19 2024 96.0 Put @ .69 (sold for 3.91)
Bought to Close TLT Jan 19 2024 97.0 Put @ .98 (sold for 4.65)
Bought to Close TLT Jan 19 2024 98.0 Put @ 1.34 (sold for 3.45)
Sold TLT Dec 22 2023 99.0 Put @ .86
Sold TLT Dec 22 2023 100.0 Put @ 1.56
#SyntheticShortStock – As usual my covered puts got absolutely smoked. Selling against a long term synthetic short out to 2026. Rolling out and down a strike. Week before earnings.
Rolled NOC Dec 15 2023 477.5 Puts @ to Jan 19 2024 475 Puts @ even (7.45 and 4.50 total now)
At some point I may close the synthetic short and trade the puts like regular sales.
I’m sensing a theme here. LOL Decent directional trades but killing myself with the options. I still have nightmares about owning 900 shares of SOXL at 70 and having calls get run over and selling the stock at 90 just before it went to 600. UUgh.
#CoveredCalls #ShortPuts – As usual my covered calls got absolutely smoked. I’ve been rolling the calls up and out and selling puts daring it to come back down. Taking put profits and buying back covered calls gradually. Would like to get as much of it uncovered as possible in case JP actually does cut rates (although I am still skeptical).
Adding:
Sold TLT Dec 22 2023 99.0 Puts @ .93
#CoveredCalls #ShortPuts – As usual my covered calls got absolutely smoked. Letting stock go at a loss and replacing with short puts to get back to even. Last time I tried this I went full position with my put sales right before the last implosion. I’ll be more careful this time going with about one third size and hoping to add.
I’m going this route instead of rolling the calls to get cash back into the sweep earning 5 percent.
XBI Stock called away @ 75.00 (basis 76.90 and 78.25)
Sold XBI Dec 22 2023 84.0 Puts @ .86
#SyntheticStock #ShortPuts – Uncovering the synthetic stock and sprinkling in a few put sales.
Bought to Close FXI Dec 15 2023 24.0 Calls @ .26 (sold for .24)
Sold FXI Dec 22 2023 24.0 Puts @ .65
Sold FXI Dec 22 2023 24.5 Puts @ 1.03
Sold FXI Jan 05 2024 24.0 Puts @ .82
Sold FXI Jan 12 2024 23.5 Puts @ .63
Sold FXI Feb 16 2024 27.0/24.0 Bull Put Spreads @ 2.25
#ShortPuts – Let’s see if the 200 day holds.
Sold TLT Dec 22 2023 97.5 Puts @ .50
Sold TLT Dec 22 2023 98.0 Puts @ .70
#ShortPuts – Taking 60 to 70 percent of max prior to JP. Orders in for next week hoping for a good fill on some fluctuations.
Bought to Close TLT Dec 15 2023 93.5 Puts @ .18 (sold for .75)
Bought to Close TLT Dec 15 2023 94.0 Puts @ .29 (sold for 1.00)
Bought to Close TLT Dec 15 2023 95.0 Puts @ .65 (sold for 1.50)
And just in case he’s dovish:
Sold TLT Jan 19 2024 98.0 Put @ 3.40
Haven’t tried this…just now happened to see it.
#ShortPuts – Crazy run. Taking around 70-80 percent of max a few weeks early.
Bought to Close SPY Jan 05 2024 440.0 Puts @ .47 (sold for 2.25)
Bought to Close SPY Jan 19 2024 435.0 Put @ .82 (sold for 2.45)
Bought to Close SPY Jan 19 2024 440.0 Put @ 1.08 (sold for 3.19)
#SyntheticStock – Taking a long term shot. Starter position only .22 out of pocket.
Bought FXI Jan 16 2026 25.0/25.0/15.0 Synthetic Stock with Disaster Put @ .45 debit
Sold FXI Dec 15 2023 24.0 Calls @ .23
#ShortPuts – A couple more.
Sold TLT Dec 15 2023 93.5 Puts @ .75
#SyntheticShortStock – Selling against a long term synthetic short out to 2026. Rolling out a week and down a strike.
Rolled NOC Dec 08 2023 480.0 Puts to Dec 15 2023 477.5 Puts @ 2.00 credit (7.45 and 4.50 total now)
#ShortPuts – Partial re-load.
Sold TLT Dec 15 2023 94.0 Puts @ 1.00
Sold TLT Dec 15 2023 95.0 Puts @ 1.50
#ShortPuts – Some of these were sold in the money for a directional trade. After this big move I’m thinning the herd a little. Hoping to build a bigger Jan position on a pullback.
Bought to Close TLT Dec 15 2024 93.0 Put @ .39 (sold for 3.05)
Bought to Close TLT Dec 15 2024 94.0 Put @ .69 (sold for 2.30)
Bought to Close TLT Dec 15 2024 95.0 Put @ 1.10 (sold for 2.20)
Bought to Close TLT Jan 05 2024 93.0 Put @ .91 (sold for 2.44)
Bought to Close TLT Jan 05 2024 94.0 Put @ 1.27 (sold for 3.10)
Bought to Close TLT Jan 05 2024 95.0 Put @ 1.71 (sold for 3.85)
#ShortPuts – New SPY ladder starting in Jan monthly down around the 50 day and the expected move.
Sold SPY Jan 19 2024 435.0 Put @ 2.45
Sold SPY Jan 19 2024 440.0 Put @ 3.19
#BearishDoubleVertical #BullPutSpreads – Taking gains on the long put side. Adding a SPY hedge against the call side of the SPX hedge. Very bullish SPY up to my short call SPX strikes but with very limited downside. Overall still hoping it tanks to 4000. LOL
Sold to Close SPX Jan 19 2024 4400/4300 Bear Put Spread @ 11.10 (“bought” for 3.00 credit)
Leaving the short call side on for now (4750/4760) and selling SPY put spreads to help protect those in another rally.
Sold SPY Jan 19 2024 480/460 Bull Put Spreads @ 16.00
I’ll manage those by planning to take stock at a basis 4 dollars above wherever the stock is at expiration if we tank.
#BearishDoubleVertical – New hashtag! LOL Going out to Jan monthly and using the expected move for strike selecions. Trade makes money anywhere below 4750 but the lower the better.
Sold SPX Jan 19 2024 4750/4760 Bear Call Spreads
Bought SPX Jan 19 2024 4400/4300 Bear Put Spreads
Ratio of 5 calls for one put so net credit of 3.00
#ShortPuts – Another.
Bought to Close TLT Dec 15 2023 92.0 Put @ .95 (sold for 3.45)
#ShortPuts – No sign of a JP pullback. Maybe this will throw a wet blanket on the bond market for awhile.
Sold TLT Jan 19 2024 95.0 Put @ 3.23
Sold TLT Jan 19 2024 96.0 Put @ 3.91
Sold TLT Jan 19 2024 97.0 Put @ 4.65
#ShortPuts – I’ll keep peeling these off as it climbs.
Bought to Close SPY Dec 15 2023 435.0 Puts @ .35 (sold for 2.08 avg)
#ShortPuts – Taking off the bottom of the big Dec ladder for decent gains before JP starts yakking today. Hopefully a JP dip to reload.
Bought to Close TLT Dec 15 2023 88.0 Put @ .24 (sold for 2.77)
Bought to Close TLT Dec 15 2023 89.0 Put @ .41 (sold for 2.80)
Bought to Close TLT Dec 15 2023 90.0 Put @ .66 (sold for 3.40)
Bought to Close TLT Dec 15 2023 91.0 Put @ 1.03 (sold for 3.70)
#SyntheticShortStock – Long term short out to 2026. Been selling short put a little too aggressivey so bringing it back in and only slightly in the money.
Bought to Close NOC Jan 19 2024 480.0 Put @ 11.40 (sold for 12.95)
Sold NOC Dec 08 2023 480.0 Put @ 5.45
#BullPutSpreads – Not to interested in this one anymore. If it gets down to 380 I’ll look again.
Bought to Close NVDA Dec 15 2023 450.0/440.0 Bull Put Spreads @ 2.45 (sold for 1.90)
#ShortPuts – Completely out now.
Bought to Close SNOW Dec 15 2023 157.5 Puts @ .18 (sold for 2.35 and 3.66)
#ShortPuts – Never got a chance to add at higher premiums. Adding one anyway down at the 50 day and at the expected move.
Sold SNOW Dec 15 2023 157.5 Put @ 2.35
#CoveredCalls #ShortPuts – Rolling covered calls up and out and adding short puts.
Rolled TLT Dec 15 2023 90.0 Calls to Jan 19 2024 93.0 Calls @ .75 debit
Rolled TLT Dec 15 2023 91.0 Calls to Jan 19 2024 94.0 Calls @ .45 debit
Sold TLT Jan 05 2024 93.0 Put @ 2.44
Sold TLT Jan 05 2024 94.0 Put @ 3.10
Sold TLT Jan 05 2024 95.0 Put @ 3.85
#ShortPuts – Still trying to stir things up a little. Selling the expected move at the 100 day.
Sold SPY Jan 05 2024 440.0 Puts @ 2.25
#ShortPuts – Taking a shot with breakeven at the 50 day. I’ll add another one if it implodes.
Sold SNOW Dec 15 2023 157.5 Put @ 3.66
Almost #0DTE – Never quite got the full position but good enough.
Bought to Close SPX Nov 27 2023 4600/4605 Bear Call Spreads @ .15 (sold for .75)
#BearCallSpreads – Taking a shot up at the even number for Monday. Starting small so might add on bounces. Hoping to leg into the BuPS at some point also.
Sold SPX Nov 27 2023 4600/4605 Bear Call Spreads @ .75
#BullPutSpreads – Couldn’t resist.
Sold NVDA Dec 15 2023 450.0/440.0 Bull Put Spreads @ 1.90
Almost #0DTE – Gotta go so bailed on the first dip. Good enough!
Bought to Close SPX 4495/4500/4575/4580 @ .70 (sold for 1.55)
Almost #0DTE – Legged in on the morning swings for tomorrow.
Sold 4495/4500/4575/4580 @ 1.55
EDIT: Adding this so I can search and find this post only for later reference. 🙂 🙂
fuzzyspxpapertrade
#0DTE – After looking back on some past attempts at this I feel like 5 wide works pretty good for me minimizing losses if a repair is needed. Really pushing my luck today hoping to need a repair just to see how it turns out. The repair would be selling the opposite side if short side is breached….(not turning it into an iron fly but more aggressively selling the same exact strikes on the opposite side).
Today so far central time
1. Sold call spread on early pop.
2. Sold put spread on the drop.
3. Closed original call spread. (real account would have stopped adding here)
4. Sold another call spread on pop.
5. Closed put spread.
Holding here with 4540 as the line in the sand for repair with alert set for 4538. 1.85 premium in the bank so would look for as close to 3.15 on a repair as I can get. I have the put spread repair in open orders now with a 5.00 price for easy access if needed. A quick adjust to the price and send it if needed.
#CoveredCalls – Re-loading.
Bought to Close XBI Nov 17 2023 72.0 Calls @ .09 and .10 (sold for .48)
Sold XBI Dec 15 2023 75.0 Calls @ .75
#ShortPuts – Let’s try to stir things up a little. Selling the expected move and the 50 day.
Sold SPY Dec 15 2023 435.0 Puts @ 2.06
#ShortPuts – Taking about 65 to 70 percent a month early.
Bought to Close SPY Dec 15 2023 420.0 Put @ .92 (sold for 3.00)
Bought to Close SPY Dec 15 2023 425.0 Put @ 1.22 (sold for 3.40)
#ShortPuts – My new style of scalping. Only doing this at obvious support levels. Doesn’t require watching all day….which I rarely do. 3 for 3 this week just selling slightly in the money on pullbacks close to the 50 day.
Bought to Close SPY Nov 10 2023 435.0 Puts @ .28 (sold yesterday afternoon @ 1.90)
This works better for me since it’s something I don’t mind holding and trading around if assigned. Eventually it’ll get too far above the 50 day so too risky or it’ll implode and I’ll need to manage by rolling or taking stock.
#CoveredCalls – Making these a little safer.
Bought to Close XBI Nov 17 2023 70.0 Calls @ 1.17 (sold for 1.35 and 1.40)
Sold XBI Nov 17 2023 72.0 Calls @ .47
#ShortPuts – Adding.
Sold SPY Dec 15 2023 420.0 Put @ 3.00
#ShortPuts #TakeOneForTheTeam – Let’s try to stir things up a little. Starting a new Dec ladder at the 200 day.
Sold SPY Dec 15 2023 425.0 Put @ 3.40
#ShortPuts – Taking the quickie.
Bought to Close SNOW Nov 24 2023 135.0 Puts @ .60 (sold for 2.05)
#ShortPuts – Jumping back in the week before earnings.
Sold SNOW Nov 24 2023 135.0 Puts @ 2.05
#ShortPuts – Surprised this filled. I’ll look to re-load on any weakness prior to earnings.
Bought to Close SNOW Nov 17 2023 145.0 Put @ 3.05 (sold for 3.05)
#ShortPuts – Adding to the bottom of a big Dec ladder. Maybe distract Mr. Market to keep him away from my short calls. 🙂 🙂
Sold TLT Dec 15 2023 88.0 Put @ 2.27
Sold TLT Dec 15 2023 89.0 Put @ 2.80
Sold TLT Dec 15 2023 90.0 Put @ 3.40
Bought to Close 4240/4250/4250/4260 Iron Fly @ 8.25 (sold for 5.60)
1.30 loss for the week on 3 attempts. Not bad considering 2.5 of the attempts were on the short call side into about a 4 or 5 std dev move to the upside. LOL
#CoveredCalls #SyntheticCoveredCalls #ShortPuts
SPX: 0 DTE not working today. Incredible up move this week.
Sold 4240/4250/4350/4360 Iron Condor @ 2.10 yesterday.
Call side getting run over so added 4350/4340 Put Spread @ 3.50 to make an Iron Fly
Probably heading for 4.40 loss
SPY: Out of all short puts now and rolling a covered call.
Bought to Close SPY Nov 17 2023 425.0 Put @ 1.78 (sold for 3.45)
Bought to Close SPY Dec 08 2023 420.0 Put @ 2.80 (sold for 3.55)
Rolled SPY Nov 03 2023 406.0 Call to Dec 15 2023 411.0 Call @ .45 debit (6.80 total now)
TLT: Booking gains on more short puts and rolling covered calls.
Bought to Close TLT Nov 17 2023 85.0 Put @ .33 (sold for 3.05)
Bought to Close TLT Nov 17 2023 88.0 Puts @ 1.19 (sold for 2.90)
Rolled TLT Nov 17 2023 88.0 Calls to Dec 15 2023 90.0 Calls @ .08 debit (.23 total now)
Rolled TLT Nov 17 2023 88.5 Calls to Dec 15 2023 91.0 Calls @ .17 debit (.15 total now)
TSLA: Rolling synthetic covered.
Rolled TSLA Nov 03 2023 190.0 Call to Dec 15 2023 195.0 Call @ .25 credit (28.30 total now)
#ShortPuts – Taking a lot off on the bounce and the VIX collapse.
Bought to Close SPY Nov 10 2023 420.0 Put @ 1.37 (sold for 3.20)
Bought to Close SPY Nov 24 2023 415.0 Put @ 2.07 (sold for 3.32)
Bought to Close SPY Dec 01 2023 400.0 Put @ 1.10 (sold for 3.15)
Bought to Close SPY Dec 15 2023 390.0 Put @ 1.37 (sold for 3.80)
Bought to Close SPY Dec 29 2023 375.0 Put @ 1.09 (sold for 3.25)
Bought to Close SPY Dec 29 2023 380.0 Put @ 1.32 (sold for 3.25)
Bought to Close SPY Dec 29 2023 385.0 Put @ 1.60 (sold for 3.52)
#0DTE – First time for real. What better day to jump in LOL. Just one spread each. Selling bounces staying above the 200 day for protection.
Pre FOMC:
STO 4250/4255 @ 1.20
BTC 4250/4255 @ .90
Post FOMC:
STO 4250/4260 @ 1.30
BTC 4250/4260 @ .50
#CoveredCalls #SyntheticCoveredCalls – Selling half size.
Sold TLT Nov 17 2023 88.5 Calls @ .33
#SyntheticShortStock – Rolling down a little. Sold against a Jan 2026 position.
Rolled NOC NOV 10 2023 487.5 Put to NOV 24 2023 485.0 Put @ even (14.90 total now)
#CoveredCalls #SyntheticCoveredCalls – Going to stay out of the way of the Fed meeting. Maybe re-load during the fluctuations during the JP show.
Bought to Close TLT Nov 03 2023 87.0 Calls @ .15 (sold for .24 and .25)
Bought to Close TLT Nov 03 2023 88.0 Calls @ .08 (sold for .26 and .31)
#ShortPuts – On the opening bounce, rolled the top of the ladder out and down.
Rolled SPY Nov 03 2023 425.0 Put to Dec 08 2023 420.0 Put @ .35 credit (3.55 total now)
#SyntheticStock – Sold against Jan 2026 synthetic. Rolling down for a little more premium.
Rolled TSLA Nov 03 2023 202.5 Call to Nov 03 2023 195.0 Call @ 5.00 credit (25.05 toal now)
#CoveredCalls – Looking like it wants to take a sniff of 400. Keeping the short call in the money (rally incoming now!)
Rolled SPY OCT 30 2023 412.0 Call to OCT 30 2023 405.0 Call @ 4.50 credit (7.00 total now)
#CoveredCalls #SyntheticCoveredCalls #SyntheticShortStock
NOC: Selling against synthetic short stock.
Rolled NOC OCT 27 2023 490.0 Put to NOV 10 2023 487.5 Put @ .40 credit (14.90 total now)
SPY: Covered.
Bought to Close SPY OCT 27 2023 416.0 Call @ .10 (sold for 8.30)
Sold SPY OCT 30 2023 412.0 Call @ 2.51
TLT: Eeked out a small winner this week. Covered and synthetic covered.
Bought to Close TLT OCT 27 2023 85.5 Calls @ .02 (sold for .11)
Sold TLT NOV 03 2023 87.0 Calls @ .24 and .25
TSLA: Selling against synthetic stock.
Rolled TSLA OCT 27 2023 200.0 Call to NOV 03 2023 202.5 Call @ .75 credit (20.05 total now)
#ShortPuts – Adding another.
Sold SPY Dec 29 2023 375.0 Put @ 3.25
#ShortPuts – Adding another.
Sold SPY Dec 29 2023 380.0 Put @ 3.25
#ShortPuts – Adding one.
Sold SPY Dec 29 2023 385.0 Put @ 3.52
#SyntheticCoveredCalls #CoveredCalls – TLT getting frisky so taking half off. Leaves a few dollars possible profit in the rest of the attempted double dip.
Bought to Close TLT Oct 27 2023 85.5 Calls @ .44 (sold for .28 and .29)
#ShortPuts – Nice to see some premium below 400 again. LOL
Sold SPY Dec 15 2023 390.0 Put @ 3.80
#SyntheticShortStock – Keeping a little upside help on for earnings.
Rolled NOC Oct 20 2023 490.0 Put to Oct 27 2023 490.0 Put @ 7.00 credit (14.50 total now)
Options Bistro 