#SyntheticStock – Still looking weak. Rolling short call down to an even number (possible support) since it looks like the 200 day isn’t holding.
Rolled TSLA Oct 27 2023 212.50 Call to Oct 27 2023 200.0 Call @ 8.50 credit (19.30 total now)
Author Archives: fuzzballl
TLT
#ShortPuts – Adding one.
Sold TLT Nov 17 2023 85.0 Put @ 3.05
TLT
#CoveredCalls #SyntheticCoveredCalls #SyntheticDividends – Another round. Going for the double dip.
Bought to Close TLT Oct 27 2023 88.0 Calls @ .06 (sold for .72 and .77)
Sold TLT Oct 27 2023 85.5 Calls @ .28 and .29
SPY
#CoveredCalls – Taking an assignment at 431.65 basis just to have something to play with. Selling next Monday against it.
Sold SPY Oct 23 2023 423.0 Call @ 2.60
SPY
#ShortPuts – Adding at the bottom of the ladder. At the expected move and well below the 200 day.
Sold SPY Dec 01 2023 400.0 Put @ 3.15
TSLA
#SyntheticStock – Taking a shot here with plenty of time to work.
Bought TSLA Jan 16 2026 220/220/175 Synthetic Stock @ 54.20
Sold TSLA Oct 27 2023 220.0 Call @ 6.50
Will roll my 4 dollar loss on the earnings trade into this and start with a 58.20 debit. The synthetic keeps a lot more cash in the sweep drawing 5 percent vs taking stock.
EDIT: Rolled next week’s short 220 call down to 212.5 for 4.30 credit. Gives protection down to around the 200 day…(and guarantees a bounce!) LOL
SPY
#ShortPuts – Taking a little risk off on the tiny bounce.
Bought to Close SPY Oct 20 2023 425.0 Put @ .63 (sold for 2.10)
Bought to Close SPY Oct 20 2023 430.0 Puts @ 2.13 (sold for 2.10)
Bought to Close SPY Oct 27 2023 425.0 Put @ 2.55 (sold for 2.60)
TSLA Earnings
#Earnings #BullPutSpreads – Tried this last time and stock sold off. Eventually got out at even. Might as well try again! Selling ITM with the plan of taking stock again if it implodes (I’ll sell the long side Fri afternoon).
Sold TSLA Oct 20 2023 255/245 BuPS @ 6.05
TLT
#ShortPuts – A couple.
Rolled TLT Oct 20 2023 88.0 Puts to Nov 17 2023 88.0 Puts @ .75 credit (2.90 total now)
Early assigned on 89 and 90 strikes at 87.05 basis so:
Sold TLT Nov 03 2023 88.0 Calls @ .47
SPY
#ShortPuts – Adding at the expected move and below the 200 day.
Sold SPY Nov 24 2023 415.0 Put @ 3.32
XBI
#ShortStrangles – Selling against short puts.
Sold XBI Nov 17 2023 76.0 Calls @ .63
NOC
#SyntheticShortStock – Taking a shot here on one spread.
NOC Jan 16 2026 490/490/590 Synthetic Short Stock @ 13.00 debit (113 max loss with 118 weeks to go)
Sold NOC Oct 20 2023 490.0 Put @ 7.50
SPX Scalping (Paper Trading!)
Jeff has inspired me to start experimenting in the 0 DTE world. Whiz does these all the time with great success. Some of these are his but most are mine. This covers the last week. The previous 2-3 weeks are very similar.
Every position is nearly always legged into based on market movement. I will sometimes throw an iron condor on all at once but mostly try to leg it. Been using 10 contracts at either 5 or 10 wide wings and taking the position off at 70, 80 or 90 percent. There was one today I closed at net zero for max profit.
These total about +3450 for the week in one account. Very interesting to trade these. I know going live adds an extra layer of caution to these so when I go it’ll be tiny. Maybe one or two spreads max for now.
As far as managing, I’m considering a few options.
1. Set a stop loss at an amount I’m willing to lose.
2. If short side gets breached immediately sell the other side and turn it into an iron fly.
3. If short side gets breached immediately sell the other side at same strikes and accept that loss.
Ideas?
XBI
#ShortPuts – Got a few short puts in the money and adding here. Been throwing some short calls out there against the position also.
Bought to Close XBI Oct 20 2023 74.0 Calls @ .08 (sold for .42)
Sold XBI Nov 17 2023 75.0 Calls @ .69
Sold XBI Nov 17 2023 65.0 Puts @ 1.01
TLT
#ShortPuts – Rolling and collecting more premium.
Rolled TLT Oct 13 2023 88.0 Puts to Oct 20 2023 88.0 Puts @ .65 credit (2.15 total now)
Rolled TLT Oct 13 2023 89.0 Put to Oct 20 2023 89.0 Put @ .38 credit (2.65 total now)
SNOW
#ShortPuts – Jumping back in. Selling prior to earnings and near recent lows.
Sold SNOW Nov 17 2023 145.0 Put @ 3.05
SPY
#ShortPuts – One add.
Sold SPY Nov 10 2023 420.0 Put @ 3.20
SPY
#ShortPuts – Jumping back in down near the 200 day.
Sold SPY Nov 03 2023 425.0 Put @ 3.20
TLT
#ShortPuts #CoveredCalls – Rolling covered since we’re getting some weakness today and adding. Keeping everything pre Fed.
Rolled TLT Oct 13 2023 86.5 Calls to Oct 27 2023 88.0 Calls @ .10 debit (.72 and .78 total now)
Sold TLT Oct 20 2023 89.0 Put @ 2.02
TLT
#ShortPuts – Moving this one in to a little shorter timeframe.
Bought to Close TLT Nov 17 2023 86.0 Put @ 1.29 (sold for 2.42)
Sold TLT Oct 20 2023 90.0 Put @ 2.15
SPY
#ShortPuts – Maybe approaching some resistance here. Taking about 60 percent a few weeks early.
Bought to Close SPY Nov 03 2023 415.0 Put @ 1.35 (sold for 3.00)
Bought to Close SPY Nov 17 2023 405.0 Put @ 1.40 (sold for 3.20)
TLT
#ShortPuts – Selling against some 86.50 covered calls for this week.
Sold TLT Oct 13 2023 88.0 Puts @ 1.50
Sold TLT Oct 13 2023 89.0 Put @ 2.30
NOC
#BearCallSpreads – Taking 60 percent in a day.
Bought to Close NOC Oct 13 2023 485/490 Bear Call Spread @ .40 (sold for 1.00)
TLT
#ShortPuts – Can’t resist. LOL
Sold TLT Nov 17 2023 86.0 Put @ 2.42
SPY
#ShortPuts – Taking half nearly six weeks early.
Bought to Close SPY Nov 17 2023 395.0 Put @ 1.25 (sold for 3.00)
Bought to Close SPY Nov 17 2023 400.0 Put @ 1.60 (sold for 3.32)
NOC
#BearCallSpreads – Taking a shot with a Whiz trade. Just one spread messing around. He went with 480/485 @ 1.30. I bumped it up a strike.
Sold NOC Oct 13 2023 485/490 Bear Call Spread @ 1.00
SNOW
#ShortPuts – Haven’t been doing a whole lot. Out of town last week for class reunion. Taking some profits on these. Might reload on a drop or move the buying power over to SPY.
Bought to Close SNOW Oct 20 2023 150.0 Puts @ 1.42 (sold for 2.40)
Bought to Close SNOW Oct 20 2023 155.0 Put @ 2.72 (sold for 4.05)
SPY
#ShortPuts – Sold SPY Nov 17 2023 395.0 Put @ 3.00
TLT
#CoveredCalls #SyntheticCoveredCalls – Starting to get some partials so selling the next round now.
Bought to Close TLT Oct 06 2023 91.5 Calls @ .02 (sold for .20)
Sold TLT Oct 13 2023 88.0 Calls @ .61
TLT
#CoveredCalls #SyntheticCoveredCalls – Bringing these in a couple weeks.
Bought to Close TLT Oct 20 2023 94.5 Calls @ .17 (sold for .71 and .73)
Sold TLT Oct 06 2023 91.5 Calls @ .20
SPY
#ShortPuts – Adding one.
Sold SPY NOV 17 2023 400.0 Put @ 3.32
SPY
#ShortPuts – Adding.
Sold SPY Nov 17 2023 405.0 Put @ 3.20
TLT
#ShortPuts – Late fill. Moving out to Nov.
Sold TLT Nov 17 2023 91.0 Put @ 3.40
TLT
#ShortPuts #CoveredCalls – Rolled calls down into the Friday pop and then added to the short puts today.
Rolled TLT OCT 20 2023 96.5 Calls to OCT 20 2023 94.5 Calls @ .29 credit (.72 total now)
Sold TLT OCT 20 2023 92.0 Put @ 2.90
SPY TLT
#ShortPuts – A couple adds.
Sold SPY Nov 03 2023 415.0 Put @ 3.00
Sold TLT Oct 20 2023 93.0 Put @ 2.70
SPY
#ShortPuts – One add.
Sold SPY Oct 27 2023 425.0 Put @ 2.60
SPY
#ShortPuts – Selling the 100 day and 200 day.
Sold SPY Oct 20 2023 435.0 Put @ 3.35
Sold SPY Nov 17 2023 425.0 Put @ 3.45
TLT
#SyntheticStock #CoveredCalls – Giving these a liitle room for JP.
Bought to Close TLT Sep 22 2023 95.5 Calls @ .05 (sold for .35 .37 and .38)
Sold TLT Oct 20 2023 96.5 Calls @ .44
SPY XBI
#ShortPuts – A few.
Sold SPY Oct 20 2023 425.0 Put @ 2.10
Rolled XBI Sep 22 2023 79.0 Puts to Oct 20 2023 79.0 Puts @ .55 credit (1.45 total now)
XBI
#ShortPuts – A few.
Rolled XBI Sep 15 2023 79.0 Puts to Sep 22 2023 79.0 Puts @ .35 credit (.90 total now)
SPY
#ShortPuts – Jumping back in selling at recent lows and the 100 day.
Sold SPY Oct 20 2023 430.0 Puts @ 2.10
SPY
#ShortPuts – With the bounce today taking half the total with a month to go. In these less than 10 days.
Bought to Close SPY OCT 20 2023 425.0 Put @ 1.14 (sold for 3.20)
Bought to Close SPY OCT 20 2023 430.0 Put @ 1.51 (sold for 2.50)
Bought to Close SPY OCT 20 2023 435.0 Put @ 2.03 (sold for 3.35)
SNOW
ShortPuts – One add…fairly aggressive but still below the 200 day. Breakeven of overall position near recent lows.
Sold SNOW Oct 20 2023 155.0 Put @ 4.05
SNOW
#ShortPuts – Jumping back in.
Sold SNOW Oct 20 2023 150.0 Puts @ 2.40
XBI
#CoveredCalls – With cash sweep paying 5 percent I’d rather get the cash back into the account and make up the small losses with put selling. Unloading some covered stock at slight losses and replacing with a slightly larger short put position. Should get back to even much sooner than continuous call rolling.
Sold XBI Covered Stock @ 74.70 (basis of 75.10, 77.50, and 78.00)
Sold XBI Sep 15 2023 79.0 Puts @ .57
TLT
#CoveredCalls #SyntheticCoveredCalls – Another round.
Bought to Close TLT Sep 15 2023 97.0 Calls @ .03 (sold for .65)
Bought to Close TLT Sep 15 2023 97.5 Calls @ .02 (sold for .55)
Sold TLT Sep 22 2023 95.5 Calls @ .35 .37 and .38
SPY
#ShortPuts – Come and get it Mr. Market!
Sold SPY OCT 20 2023 435.0 Put @ 3.35
SNOW
#ShortPuts – 80 percent 6 weeks early.
Bought to Close SNOW Oct 20 2023 130.0 Put @ .55 (sold for 2.87)
SPY
#ShortPuts – Early fill.
Sold SPY Oct 20 2023 425.0 Put @ 3.20
TSLA
#CoveredCalls – Rolled to the week before earnings. If stock called away it will be a tiny profit. Might roll to earnings eventually…
Rolled TSLA Sep 15 2023 200.0 Call to Oct 13 2023 200.0 Call @ 2.25 credit (71.15 total now)
SPY TLT
#ShortPuts – A couple late fills.
Sold SPY Oct 20 2023 430.0 Put @ 2.50
Sold TLT Oct 20 2023 94.0 Put @ 2.10
XBI
#CoveredCalls – Easing these up a little.
Rolled XBI Sep 01 2023 75.0 Calls to Oct 06 2023 75.5 Calls @ .30 credit (3.95 total now)
TLT
#ShortPuts #CoveredCalls – Picking up a little more credit and adding.
Rolled TLT Sep 15 2023 99.0 Calls to Sep 15 2023 97.5 Calls @ .17 credit (.57 total now)
Rolled TLT Sep 15 2023 99.0 Calls to Sep 15 2023 97.0 Calls @ .26 credit (.66 total now)
Sold TLT Oct 20 2023 95.0 Put @ 2.10
Sold TLT Oct 20 2023 96.0 Put @ 2.25
TLT
#ShortPuts – Add to the Oct ladder.
Sold TLT Oct 20 2023 97.0 Put @ 2.20
XBI
#ShortPuts – Bought to Close XBI Sep 01 2023 77.5 Put @ .08 (sold for 1.50)
TLT
#ShortPuts – Taking a couple more off on the bounce.
Bought to Close TLT Sep 15 2023 92.0 Put @ .19 (sold for 1.62)
Bought to Close TLT Sep 15 2023 95.0 Put @ .69 (sold for 2.25)
SPY
#ShortPuts – Taking some decent profits on the big bounce.
Bought to Close SPY Sep 15 2023 415.0 Puts @ .31 (sold for 1.50 and 2.15)
Bought to Close SPY Sep 15 2023 420.0 Put @ .43 (sold for 2.15)
Bought to Close SPY Sep 15 2023 425.0 Puts @ .60 (sold for 2.50)
Bought to Close SPY Sep 15 2023 430.0 Put @ .89 (sold for 3.26)
Bought to Close SPY Sep 22 2023 425.0 Put @ 1.12 (sold for 2.86)
Bought to Close SPY Oct 20 2023 410.0 Put @ 1.49 (sold for 3.15)
SPY
#ShortPuts – Let’s bring the 200 day into play finally.
Sold SPY Oct 20 2023 410.0 Put @ 3.15
SPX
Seems like crazy selling but actually still green for the week. 4300 was the bottom of the expected move for the week. We were well outside the top so today just gets us back into range. Still slightly positive from the unchanged level. I’m watching for a break of last week’s low to really see the selling start. FWIW LOL.
TSLA
#CoveredCalls – Keeping protection at the 200 day. Assigned at 270.25 with basis now at 201.35 and covered at 200. It was a wild bullish shot last earnings so out at close to even would be ok with me.
Rolled TSLA Aug 25 2023 200.0 Call to Sep 15 2023 200.0 Call @ 2.15 credit (68.90 total now)
SNOW
#ShortPuts – A little early on it this morning. Starter position at the expected move and near recent lows.
Sold SNOW Oct 20 2023 130 Put @ 2.85
SPY XBI
#ShortPuts #CoveredCalls – A few today.
SPY: Adding.
Sold SPY Sep 22 2023 425.0 Put @ 2.85
XBI: Keeping a little downside protection. Covered.
Rolled XBI Aug 25 2023 75.0 Calls to Sep 01 2023 75.0 Calls @ .35 credit (3.40 abd 3.65 total now)
TLT
#CoveredCalls #SyntheticCoveredCalls – A move like this I just have to sell into it. Selling up at the 50 day and outside the expected move.
Sold TLT Sep 15 2023 99.0 Calls @ .40
TLT
#CoveredCalls #SyntheticCoveredCalls – Getting out of the way in case JP goes full dove on Friday.
Bought to Close TLT Aug 25 2023 96.0 Calls @ .17 (sold for .35)
Bought to Close TLT Aug 25 2023 96.5 Calls @ .11 (sold for .47)
SPY
#ShortPuts – Sold SPY Sep 15 2023 425.0 Put @ 2.52
TLT
#ShortPuts – A couple.
Rolled TLT Sep 15 2023 98.0 Put to Oct 20 2023 98.0 Put @ .35 credit (2.10 total now)
Rolled TLT Sep 15 2023 99.0 Put to Oct 20 2023 99.0 Put @ .25 credit (2.55 total now)
Sold TLT Sep 15 2023 92.0 Put @ 1.62
SPY
#CoveredCalls – Saying goodbye to a long held position. Decent gains along with many calls sold against divvys received and now cash going back into the MM sweep account (SPAXX) for nice interest. Now looking to reload! LOL
Stock called away at 395 (basis 387.00)
Stock called away at 399 (basis 394.90)
Stock called away at 400 (basis 391.05)
SPX
#PutButterflies – Took a shot with a long put spread for insurance against a relatively large SPY stock position. Wasn’t working out so turned it into a butterfly to cut some losses.
Expiring: SPX Aug 18 2023 4000/3900/3800 Put Butterfly (bought for 11.60)
XBI
#CoveredCalls – Another.
Sold XBI Aug 25 2023 75.0 Call @ 3.04
XBI
#CoveredCalls – Early exercise on a few short puts. Getting them covered with some downside protection.
Sold XBI AUG 25 2023 75.0 Calls @ 3.33
TSLA
#CoveredCalls – Keeping downside protection all the way to the 200 day. Filled on the early bounce.
Rolled TSLA Aug 18 2023 225.0 Call to Aug 23 2023 200.0 Call @ 24.50 credit (66.80 total now)
SPY
#ShortPuts – Adding at the 200 day.
Sold SPY Sep 15 2023 415.0 Put @ 1.50
TLT
#CoveredCalls – Another round.
Bought to Close TLT Aug 18 2023 99.0 Calls @ .02 (sold for .42)
Sold TLT Aug 25 2023 96.5 Calls @ .45 and .51
TLT TSLA
#SyntheticCoveredCalls #CoveredCalls – A few.
TLT: Another round.
Bought to Close TLT Aug 11 2023 97.5 Calls @ .01 (sold for .78)
Sold TLT Aug 18 2023 97.5 Calls @ .39
TSLA: Covered and keeping downside protection.
Rolled TSLA Aug 11 2023 230.0 Call to Aug 18 2023 225.0 Call @ 6.30 credit (42.30 total now)
SPY
#ShortPuts – Adding slightly inside the expected move but below the 50 day.
Sold SPY Sep 15 2023 430.0 Put @ 3.26
Options Bistro 