#CoveredCalls #SyntheticCoveredCalls – Re-loading the whole enchilada.
Sold TLT JUN 02 2023 105.0 Calls @ .44
Author Archives: fuzzballl
XBI
#CoveredCalls #ShortPuts – A few.
Rolled XBI MAY 19 2023 78.5 Calls to JUN 09 2023 79.5 Calls @ even (3.10 total now)
Sold XBI JUN 16 2023 80.0 Puts @ 1.30
TLT
#CoveredCalls #SyntheticCoveredCalls – A few.
Bought to Close TLT MAY 19 2023 106.0 Calls @ .02 (sold for .55 and .81)
SPY
#ShortPuts – A late fill yesterday and one this morning.
Bought to Close SPY MAY 26 2023 397.5 Put @ .34 (sold for 2.40)
Bought to Close SPY MAY 26 2023 400.0 Put @ .28 (sold for 2.75)
TLT
#ShortPuts – A small add.
Sold TLT MAY 26 2023 103.0 Puts @ 1.20
SPY
#ShortPuts – A little risk reduction on the move today.
Bought to Close SPY MAY 19 2023 405.0 Put @ .18 (sold for 2.90)
Bought to Close SPY MAY 19 2023 407.5 Put @ .29 (sold for 5.55)
TLT
#CoveredCalls – Bought to Close TLT MAY 19 2023 107.0 Calls @ .02 (sold for 1.13)
XBI
#ShortPuts – Starter.
Sold XBI JUN 16 2023 80.0 Puts @ 1.30
TLT XBI
#SyntheticStock #ShortPuts – A slow week so far.
TLT: Added to synthetic.
Bought TLT JAN 17 2025 105.0/105.0/75.0 Synthetic Stock /Disaster Puts @ 2.80
Sold TLT MAY 26 2023 105.0 Calls @ .63
XBI: Awful liquidity in the synthetic so closing for tiny winners and moving back to put sales.
The good:
Sold XBI JUN 20 2025 80.0/80.0/40.0 Synthetic Stock with Disaster Puts @ 8.75 avg. (basis 4.85)
The bad:
Bought to Close XBI MAY 19 2023 80.0 Calls @ 5.00 ( sold for 1.40)
The result:
Net gain of .30 on the entire position. (mid was around 11.00 for the synthetic and filled below 9.00…uugh)
KRE SPY TLT
#ShortPuts #SyntheticCoveredCalls – A few.
KRE: Small synthetic stock position.
Bought to Close KRE MAY 12 2023 39.5 Calls @ .01 (sold for .70)
Sold KRE JUN 16 2023 39.0 Calls @ 1.00
SPY: One add.
Sold SPY JUN 09 2023 400.0 Put @ 3.10
TLT: Synthetic stock and long stock.
Bought to Close TLT MAY 12 2023 106.0 Calls @ .01 (sold for .55)
Sold TLT MAY 19 2023 106.0 Calls @ .56
GOOGL
#SyntheticStock – This one never had a chance. Run over from the beginning so never got close to a full position.
The good:
Sold GOOGL JUN 20 2025 95.0/95.0/40.0 Synthetic Stock with Disaster Puts @ 30.00 (basis 8.50)
The bad:
Bought to Close GOOGL JUN 02 2023 95.0 Calls @ 21.85 (sold for 1.75)
Bought to Close GOOGL JUN 02 2023 96.0 Calls @ 21.00 (sold for 2.10)
The result:
Gain of 1.40 on the 95 covered call position
Gain of 2.60 on the 96 covered call position
AMZN
#SyntheticStock – Been another good run in this one. Seems like it’s due for a rest so taking it off. As always, when covered calls get run over it cuts into (potential) profits. I’ll still take it! 🙂 🙂 🙂
The good:
Sold AMZN JUN 20 2025 100.0/100.0/45.0 Synthetic Stock with Disaster Puts @ 21.45 (basis 4.00)
The bad:
Bought to Close AMZN MAY 19 2023 99.0 Calls @ 13.70 (sold for 2.50)
Bought to Close AMZN MAY 19 2023 100.0 Calls @ 12.75 (sold for 5.45)
The result:
Gain of 6.25 on the 99 covered call position
Gain of 10.15 on the 100 covered call position
Off Topic…My first ChatGPT (Bored)
Explain what option positions take a long view of a stock
ChatGPT
Option positions that take a long view of a stock are those that profit from an increase in the underlying stock’s price over time. The two primary types of option positions that take a long view of a stock are:
Call options: A call option gives the holder the right, but not the obligation, to buy a specific stock at a predetermined price (strike price) on or before a specific date (expiration date). If the stock price increases above the strike price, the call option holder can exercise their option and buy the stock at the lower strike price, then sell it in the open market at the higher market price, realizing a profit.
Bull call spreads: A bull call spread involves buying a call option at a lower strike price and selling a call option at a higher strike price. This creates a limited-risk, limited-reward position that profits if the stock price increases above the higher strike price. The potential profit is limited to the difference between the two strike prices, minus the cost of the options.
In both cases, the option holder is betting that the stock price will increase over time, and profits from the increase in the stock price.
Fuzzy adds:
No mention of selling puts. C’mon man!
TLT
#CoveredCalls #SyntheticCoveredCalls – A few. Received regular divvy today too along with these “synthetic” divvys.
🙂 🙂 🙂
Bought to Close TLT MAY 05 2023 106.0 Calls @ .01 (sold for 2.00)….should fill soon
Bought to Close TLT MAY 05 2023 107.0 Calls @ .01 (sold for .95)
Sold TLT MAY 12 2023 106.0 Calls @ .55
Sold TLT MAY 19 2023 106.0 Calls @ .82
KRE
#CoveredCalls #SyntheticCoveredCalls – A few.
KRE: Another round.
Bought to Close KRE MAY 05 2023 39.5 Calls @ .05 (sold for .64)
Sold KRE MAY 12 2023 39.5 Calls @ .70
AMZN GOOGL XBI
#CoveredCalls #SyntheticCoveredCalls – All yesterday rolling up and out.
AMZN: Synthetic covered. Had call ladders but trying to get everything to the same strike for simplicity.
Rolled AMZN MAY 05 2023 98.0 Calls to MAY 19 2023 99.0 Calls @ .21 credit (2.50 total now)
Rolled AMZN MAY 05 2023 99.0 Calls to MAY 19 2023 100.0 Calls @ .42 credit (3.15 total now)
Rolled AMZN MAY 05 2023 100.0 Calls to MAY 19 2023 100.0 Calls @ 1.40 credit (6.20 total now)
GOOGL: Synthetic covered. Had call ladders but trying to get everything to the same strike for simplicity.
Rolled GOOGL MAY 05 2023 94.0 Calls to JUN 02 2023 95.0 Calls @ .15 credit (1.75 total now)
Rolled GOOGL MAY 05 2023 95.0 Calls to JUN 02 2023 96.0 Calls @ .28 credit (1.05 total now)
Rolled GOOGL MAY 05 2023 96.0 Call to JUN 02 2023 96.0 Call @ 1.28 credit (3.90 total now)
XBI: Covered and synthetic covered.
Rolled XBI MAY 05 2023 78.0 Calls to MAY 19 2023 78.5 Calls @ .24 credit (3.05 total now)
Rolled XBI MAY 05 2023 79.0 Calls to MAY 19 2023 80.0 Calls @ even (1.40 total now)
SPY
#ShortPuts – I’d LOVE to get my covered calls back so here you go Mr. Market. The bait is in the water and the cork is bobbing. (sorry still in fishing mode! LOL)
Sold SPY MAY 19 2023 405.0 Put @ 2.90
Sold SPY MAY 26 2023 397.5 Put @ 2.40
Sold SPY MAY 26 2023 400.0 Put @ 2.75
Sold SPY JUN 02 2023 390.0 Put @ 2.20
Sold SPY JUN 02 2023 395.0 Put @ 2.75
TLT
#ShortPuts – Just to avoid any more early assignments (for now).
Rolled TLT MAY 05 2023 108.0 Puts to JUN 16 2023 108.0 Puts @ 1.30 credit (3.90 total now)
KRE
#SyntheticStock – Starting small out to Jan 2025.
Bought KRE JAN 17 2025 40.0/40.0/30.0 Synthetic Stock /Disaster Puts @ 3.00
Sold KRE MAY 05 2023 39.5 Calls @ .64
TLT
#CoveredCalls – Early assigned on some more stock.
Sold TLT MAY 19 2023 107.0 Calls @ 1.13
SPY
#ShortPuts #CoveredCalls – A little early on these today but still some decent rolls for DITM covered calls.
Rolled SPY MAY 05 2023 388.0 Call to JUN 02 2023 391.0 Call @ .30 credit (12.45 total now)
Rolled SPY MAY 05 2023 391.0 Calls to JUN 02 2023 394.0 Calls @ .60 credit (11.40 total now)
Rolled SPY MAY 05 2023 392.0 Calls to JUN 02 2023 395.0 Calls @ .70 credit (11.35 total now)
Rolled SPY MAY 05 2023 393.0 Calls to JUN 02 2023 396.0 Calls @ .90 credit (11.85 total now)
Sold SPY JUN 02 2023 400.0 Put @ 3.00
SPY
#ShortPuts – A few today.
Bought to Close SPY MAY 05 2023 395.0 Put @ .08 (sold for 3.45)
Bought to Close SPY MAY 05 2023 397.5 Put @ .10 (sold for 2.95)
Bought to Close SPY MAY 05 2023 400.0 Put @ .15 (sold for 3.45)
Bought to Close SPY MAY 05 2023 402.5 Put @ .22 (sold for 8.80)
Bought to Close SPY MAY 12 2023 387.5 Put @ .21 (sold for 3.60)
Rolled SPY MAY 19 2023 390.0 Put to MAY 19 23 407.5 Put @ 1.48 credit (5.55 toal now)
Rolled SPY MAY 26 2023 395.0 Put to MAY 26 23 405.0 Put @ 1.05 credit (4.25 total now)
SPY
#ShortPuts – One quick fill today.
Sold SPY May 26 2023 395.0 Put @ 3.22
AMZN TLT XBI
#ShortPuts #SyntheticCoveredCalls #CoveredCalls – That’s it for me for a couple weeks. Taking a little vacation for some golf and fishing and catching up with some old friends. Looking forward to the May 5 expiration now! Enjoy and let’s see VIX back above 20 by then. LOL I’ll be reading the forum when I can…happy trading!
AMZN: Synthetic covered call rolls.
Rolled AMZN APR 21 2023 95.0 Calls to MAY 05 2023 98.0 Calls @ .05 debit (2.30 total now)
Rolled AMZN APR 21 2023 96.0 Calls to MAY 05 2023 99.0 Calls @ .25 credit (2.75 total now)
Rolled AMZN APR 21 2023 97.0 Calls to MAY 05 2023 100.0 Calls @ .55 credit (3.40 total now)
Rolled AMZN APR 21 2023 101.0 Calls to MAY 05 2023 100.0 Calls @ 3.55 credit (5.50 total now)
TLT: Rolling short puts for additional credit.
Rolled TLT APR 14 2023 107.5 Puts to MAY 05 2023 108.0 Puts @ 1.50 credit (2.65 total now)
XBI: Booking a few short puts and rolling covered and synthetic covered calls.
Bought to Close XBI APR 21 2023 75.0 Puts @ .25 (sold for 1.75)
Rolled XBI APR 14 2023 77.0 Calls to MAY 05 2023 78.0 Calls @ .85 credit (2.90 total now)
Rolled XBI APR 14 2023 77.0 Calls to MAY 05 2023 79.0 Calls @ .25 credit (1.35 total now)
SPY
SPY: Setting up to be out the next couple weeks. Moving most positions to May 5 expiration.
Bought to Close SPY APR 21 2023 395.0 Put @ .65 (sold for 5.25)
Bought to Close SPY APR 28 2023 392.5 Put @ 1.17 (sold for 6.00)
Sold SPY MAY 05 2023 397.5 Put @ 2.95
Sold SPY MAY 05 2023 400.0 Put @ 3.45
Rolled SPY MAY 05 2023 392.5 Put to MAY 05 2023 402.5 Put @ 1.85 credit (8.80 total now)
Rolled SPY APR 14 2023 388.0 Calls to MAY 05 2023 391.0 Calls @ even (10.80 total now)
Rolled SPY APR 14 2023 389.0 Calls to MAY 05 2023 392.0 Calls @ even (10.55 total now)
Rolled SPY APR 14 2023 390.0 Calls to MAY 05 2023 393.0 Calls @ .30 credit (10.95 total now)
Rolled SPY APR 21 2023 386.0 Call to MAY 05 2023 388.0 Call @ even (12.15 total now)
SPY
#ShortPuts – Lots of economic reports and Fed Heads coming this week so taking this a little early.
Bought to Close SPY APR 14 2023 387.5 Put @ .24 (sold for 5.05)
SPY
#ShortPuts – Sold SPY MAY 05 2023 395.0 Put @ 3.45
GOOGL TLT XBI
#CoveredCalls #SyntheticCoveredCalls – A few rolls. The ones that are deep in the money are getting rolled to May since I’ll be gone last two weeks of this month.
GOOGL: Synthetic covered rolls.
Rolled GOOGL APR 06 2023 93.0 Calls to MAY 05 23 94.0 Calls @ .05 credit (1.45 total now)
Rolled GOOGL APR 06 2023 94.0 Calls to MAY 05 23 95.0 Calls @ .05 credit (.95 total now)
Rolled GOOGL APR 06 2023 95.0 Call to MAY 05 23 96.0 Call @ .40 credit (2.55 total now)
TLT: Covered and synthetic covered rolling.
Rolled TLT APR 06 2023 104.5 Calls to MAY 05 2023 106.0 Calls @ .15 debit (.75 total now)
Rolled TLT APR 06 2023 105.5 Calls to MAY 05 2023 106.0 Calls @ .85 credit (2.85 total now)
Rolled TLT APR 06 2023 105.5 Calls to MAY 05 2023 107.0 Calls @ .10 credit (.95 total now)
XBI: Covered and synthetic covered rolling.
Rolled XBI APR 06 2023 76.0 Calls to APR 14 2023 77.0 Calls @ .40 credit (1.10 and 2.05 total now)
SPY
#ShortPuts – Selling near the expected move down near the March lows.
Sold SPY MAY 12 2023 387.5 Put @ 3.60
TLT
#ShortPuts – Another round.
Bought to Close TLT APR 06 2023 106.0 Puts @ .05 (sold for 1.26)
Sold TLT APR 14 2023 107.5 Puts @ 1.15
SPX
#LotteryTickets – A little hedge just for fun in case we get a little selling.
Bought to Open SPX MAY 19 2023 4050/4000/3950 Put Butterflies @ 2.40
SPY
#ShortPuts – A couple right at the 200 day.
Rolled SPY MAY 05 2023 375.0 Put to MAY 05 2023 392.5 Put @ 1.95 credit (6.95 total now)
Sold SPY MAY 19 2023 390.0 Put @ 4.06
AMZN SPY TLT XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few.
AMZN: A few synthetic covered call rolls. Keeping them all a week prior to earnings.
Rolled AMZN MAR 31 2023 94.0 Calls to APR 21 2023 95.0 Calls @ .10 credit (2.30 total now)
Rolled AMZN MAR 31 2023 95.0 Calls to APR 21 2023 96.0 Calls @ .20 credit (2.50 total now)
Rolled AMZN MAR 31 2023 96.0 Calls to APR 21 2023 97.0 Calls @ .35 credit (2.80 total now)
Rolled AMZN MAR 31 2023 99.0 Calls to APR 21 2023 101.0 Calls @ .50 credit (1.95 total now)
SPY: Rolling covered calls and rolling up short puts for additional credit. Not adding any new positions yet.
Bought to Close SPY MAR 31 2023 397.0 Put @ .05 (sold for 1.25)
Bought to Close SPY MAR 31 2023 398.0 Put @ .05 (sold for 1.60)
Bought to Close SPY MAR 31 2023 399.0 Put @ .05 (sold for 1.95)
Bought to Close SPY APR 06 2023 387.5 Put @ .20 (sold for 3.50)
Rolled SPY APR 14 2023 387.5 Put to APR 14 2023 397.5 Put @ 1.30 credit (5.05 total now)
Rolled SPY APR 21 2023 385.0 Put to APR 21 2023 395.0 Put @ 1.27 credit (5.25 total now)
Rolled SPY APR 28 2023 380.0 Put to APR 28 2023 392.5 Put @ 1.55 credit (5.95 total now)
Rolled SPY MAR 31 2023 383.0 Call to APR 14 2023 386.0 Call @ .55 debit (12.15 total now)
Rolled SPY MAR 31 2023 386.0 Calls to APR 14 2023 388.0 Calls @ .30 debit (10.80 total now)
Rolled SPY MAR 31 2023 387.0 Calls to APR 14 2023 389.0 Calls @ .20 debit (10.55 total now)
Rolled SPY MAR 31 2023 388.0 Calls to APR 14 2023 390.0 Calls @ .10 debit (10.65 total now)
TLT: Short puts and covered and synthetic covered calls.
Bought to Close TLT MAR 31 2023 104.5 Puts @ .05 (sold for 1.00)
Sold TLT APR 06 2023 106.0 Puts @ 1.26)
Rolled TLT MAR 31 2023 105.0 Calls to APR 06 2023 105.5 Calls @ .21 credit (2.00 total now)
Rolled TLT MAR 31 2023 105.0 Calls to APR 06 2023 105.5 Calls @ .22 credit (.85 total now)
XBI: Covered and synthetic covered calls.
Rolled XBI MAR 31 2023 75.0 Calls to APR 06 2023 76.0 Calls @ .05 debit (.70 total now)
Rolled XBI MAR 31 2023 76.0 Calls to APR 06 2023 76.0 Calls @ .90 credit (1.65 total now)
SPY TLT
#ShortPuts #SyntheticStock – A few.
SPY: More short term stuff.
Bought to Close SPY MAR 29 2023 396.0 Puts @ .05 (sold for 2.05 and 2.10)
Bought to Close SPY MAR 31 2023 390.0 Put @ .25 (sold for 4.35)
Sold SPY MAR 31 2023 397.0 Put @ 1.25
Sold SPY MAR 31 2023 398.0 Put @ 1.60
Sold SPY MAR 31 2023 399.0 Put @ 1.95
TLT: Added to long term synthetic.
Bought TLT JAN 17 2025 105.0/105.0/75.0 Synthetic Stock /Disaster Puts @ 3.75
Sold TLT APR 6 2023 104.5 Calls @ .90
SPY
#ShortPuts – A few.
Bought to Close SPY MAR 28 2023 393.0 Put @ .05 (sold for 2.00)
Bought to Close SPY MAR 28 2023 394.0 Put @ .08 (sold for 2.35)
Sold SPY MAR 29 2023 396.0 Puts @ 2.05 and 2.10
AMZN SPY TLT XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few.
AMZN: Synthetic covered.
Bought to Close AMZN MAR 24 2023 100.0 Calls @ .05 (sold for 1.75)
Sold AMZN MAR 31 2023 99.0 Calls @ 1.46
Rolled AMZN MAR 24 2023 93.0 Calls to Mar 31 2023 94.0 Calls @ .20 credit (2.25 total now)
Rolled AMZN MAR 24 2023 94.0 Calls to Mar 31 2023 95.0 Calls @ .50 credit (2.30 total now)
Rolled AMZN MAR 24 2023 95.0 Calls to Mar 31 2023 96.0 Calls @ .85 credit (2.50 total now)
SPY: Short puts and covered calls.
Bought to Close SPY MAR 24 2023 392.0 Put @ .05 (sold for 3.50)
Bought to Close SPY MAR 24 2023 392.5 Put @ .05 (sold for 4.20)
Sold SPY MAR 28 2023 393.0 Put @ 2.00
Sold SPY MAR 28 2023 394.0 Put @ 2.35
Sold SPY MAY 05 2023 375.0 Put @ 5.00
Rolled SPY MAR 24 2023 382.0 Call to MAR 31 2023 383.0 Call @ 1.70 credit (12.75 total now)
Rolled SPY MAR 24 2023 385.0 Calls to MAR 31 2023 386.0 Calls @ 1.75 credit (11.15 total now)
Rolled SPY MAR 24 2023 386.0 Calls to MAR 31 2023 387.0 Calls @ 2.00 credit (10.75 total now)
Rolled SPY MAR 24 2023 387.0 Calls to MAR 31 2023 388.0 Calls @ 2.20 credit (10.75 total now)
TLT: Covered and synthetic covered.
Rolled TLT MAR 24 2023 104.5 Calls to MAR 31 2023 105.0 Calls @ .15 credit (.65 total now)
Rolled TLT MAR 24 2023 105.0 Calls to MAR 31 2023 105.0 Calls @ .68 credit (1.80 total now)
XBI: Synthetic covered.
Bought to Close XBI MAR 24 2023 77.0 Calls @ .02 (sold for 1.60)
Sold XBI MAR 31 2023 75.0 Calls @ .76
XBI
#CoveredCalls – Assigned early on 79.5 short puts.
Sold XBI MAR 31 2023 76.0 Calls @ .75
SPY
#ShortPuts – A few.
On the rally:
Bought to Close SPY MAR 22 2023 394 Puts @ .37 (sold for 3.15 avg.)
On the selloff:
Sold SPY APR 06 2023 387.5 Put @ 3.50
Sold SPY APR 14 2023 387.5 Put @ 3.75
Sold SPY APR 21 2023 385.0 Put @ 4.00
Sold SPY APR 28 2023 380.0 Put @ 4.44
Rolled the dice on this one:
Rolled SPY MAR 22 2023 397.0 Put to MAR 24 2023 392.0 Put @ .02 credit (3.50 total now)
SPY
#ShortPuts – A couple more. Gotta take ’em on a rally like this.
Bought to Close SPY MAR 22 2023 390.0 Put @ .40 (sold for 4.40)
Bought to Close SPY MAR 22 2023 392.0 Put @ .66 (sold for 3.70)
SPY TLT
#ShortPuts #SyntheticStock – A couple.
SPY: A little more risk reduction.
Bought to Close SPY MAR 22 2023 391.0 Put @ 1.33 (sold for 4.10)
Bought to Close SPY MAR 24 2023 390.0 Put @ 2.05 (sold for 3.85)
TLT: A new starter synthetic stock out to Jan 2025.
Bought TLT JAN 17 2025 105.0/105.0/75.0 Synthetic Stock /Disaster puts @ 4.85
Sold TLT MAR 24 2023 105.0 Calls @ 1.14
SPY
#ShortPuts – A little risk reduction prior to the Fed.
Bought to Close MAR 22 2023 380.0 Put @ .45 (sold for 3.50)
AMZN GOOGL SPY XBI
#ShortPuts #SyntheticStock #SyntheticCoveredCalls – A few.
AMZN: Synthetic covered rolls.
Rolled AMZN MAR 17 2023 92.0 Calls to MAR 24 2023 93.0 Calls @ .15 debit (2.05 total now)
Rolled AMZN MAR 17 2023 93.0 Calls to MAR 24 2023 94.0 Calls @ .05 credit (1.80 total now)
Rolled AMZN MAR 17 2023 94.0 Calls to MAR 24 2023 95.0 Calls @ .30 credit (1.65 total now)
Rolled AMZN MAR 17 2023 97.0 Calls to MAR 24 2023 100.0 Calls @ .15 credit (1.75 total now)
GOOGL: Synthetic Covered rolls. Staying prior to earnings.
Rolled GOOGL MAR 17 2023 92.0 Calls to APR 06 2023 93.0 Calls @ .05 debit (1.50 total now)
Rolled GOOGL MAR 17 2023 92.5 Calls to APR 06 2023 94.0 Calls @ .40 debit (.90 total now)
Rolled GOOGL MAR 17 2023 94.0 Calls to APR 06 2023 95.0 Calls @ .05 credit (2.00 total now)
SPY: Rolled calls already (no early divvy assignments!) and rolling some puts today. Using Wed expiration due to high Fed IV.
Rolled SPY MAR 17 2023 390.0 Put to MAR 22 2023 380.0 Put @ .60 credit (3.50 total now)
Rolled SPY MAR 17 2023 395.0 Put to MAR 22 2023 390.0 Put @ .15 credit (4.40 total now)
Rolled SPY MAR 17 2023 395.0 Put to MAR 22 2023 391.0 Put @ .70 credit (4.50 total now)
Rolled SPY MAR 17 2023 396.0 Put to MAR 22 2023 392.0 Put @ .20 credit (3.70 total now)
Rolled SPY MAR 17 2023 397.0 Puts to MAR 22 2023 394.0 Puts @ .10 credit (3.20 total now)
Rolled SPY MAR 17 2023 399.0 Put to MAR 22 2023 397.0 Put @ even (3.50 total now)
XBI: Rolling short puts and adding a synthetic long position.
Rolled XBI MAR 17 2023 80.0 Puts to MAR 24 2023 79.5 Puts @ .05 credit (1.15 total now)
Bought XBI JUN 20 2025 80.0/80.0/40.0 Synthetic Stock/Disaster Puts @ (7.00 fat finger, 5.25 and 4.75)
Sold XBI MAR 24 2023 77.0 Calls @ 1.58
SPY
#CoveredCalls – With the up move today now need to roll a day early for dividend risk.
Rolled SPY MAR 17 2023 380.0 Call to MAR 24 2023 382.0 Call @ .60 credit (12.25 total now)
Rolled SPY MAR 17 2023 383.0 Calls to MAR 24 2023 385.0 Calls @ .25 credit (9.00 total now)
Rolled SPY MAR 17 2023 384.0 Calls to MAR 24 2023 386.0 Calls @ .35 credit (8.80 total now)
Rolled SPY MAR 17 2023 385.0 Calls to MAR 24 2023 387.0 Calls @ .60 credit (8.60 total now)
How do you know if your in the money short call might be at risk during an ex-dividend event? Here’s a quick and easy way. Just look at the value of the corresponding put:
Any option that has an extrinsic value of less than the amount of the dividend might be a candidate for early exercise. So if a trader is short an ITM call and the strike’s corresponding put is trading for less than the upcoming dividend, they’re more likely to be assigned.
TLT
#ShortPuts – Re-load.
Sold TLT MAR 31 2023 104.5.0 Puts @ 1.00
XBI
#ShortPuts – One add.
Sold XBI APR 21 2023 75.0 Put @ 2.65
TLT
#ShortPuts – Wild swings in this thing so taking it a couple days early. Fidelity is commission free below .65 on BTC orders.
Bought to Close TLT MAR 17 2023 104.0 Puts @ .15 (sold for 1.85)
SPX
BearPutSpreads – Taking the quickie.
Sold to Close SPX JUN 16 2023 3800/3700 Bear Put Spread @ 30.00 (bought for 24.00)
SPY SPX
#CoveredCalls #BearPutSpreads – A few.
SPY: Rolled DITM covered calls for today out to Friday. Each one up one strike and filled @ even.
Rolled SPY MAR 14 2023 382.0 calls to MAR 17 2023 383.0 Calls @ even (8.75 total now)
Rolled SPY MAR 14 2023 383.0 calls to MAR 17 2023 384.0 Calls @ even (8.45 total now)
Rolled SPY MAR 14 2023 384.0 calls to MAR 17 2023 385.0 Calls @ even (8.00 total now)
SPX: Took a shot earlier today as SPX approached the 200 day.
Bought to Open SPX JUN 16 2023 3800/3700 Bear Put Spread @ 24.00
SPY
#CoveredCalls – A few rolls to tomorrow.
Rolled SPY MAR 13 2023 386.0 calls to MAR 14 2023 382.0 Calls @ 5.40 credit (8.75 total now)
Rolled SPY MAR 13 2023 387.0 calls to MAR 14 2023 383.0 Calls @ 5.45 credit (8.45 total now)
Rolled SPY MAR 13 2023 388.0 calls to MAR 14 2023 384.0 Calls @ 5.40 credit (8.00 total now)
AMZN GOOGL SPY TLT
#CoveredCalls #ShortPuts #SyntheticCoveredCalls
AMZN: Synthetic covered.
Bought to Close AMZN MAR 10 2023 94.0 Calls @ .05 (sold for 1.76)
Bought to Close AMZN MAR 10 2023 95.0 Calls @ .05 (sold for 1.70)
Bought to Close AMZN MAR 10 2023 96.0 Calls @ .05 (sold for 1.26)
Sold AMZN MAR 17 2023 92.0 Calls @ 2.23
Sold AMZN MAR 17 2023 93.0 Calls @ 1.76
Sold AMZN MAR 17 2023 94.0 Calls @ 1.35
GOOGL: Synthetic covered.
Bought to Close GOOGL MAR 10 2023 92.0 Calls @ .05 (sold for 1.20)
Sold GOOGL MAR 17 2023 92.0 Calls @ 1.48
Sold GOOGL MAR 17 2023 92.5 Calls @ 1.29
SPY: A few.
Bought to Close SPY MAR 10 2023 389.0 Calls @ .45 (sold for 5.85)
Sold SPY MAR 13 2023 386.0 Calls @ 3.77
Sold SPY MAR 13 2023 387.0 Calls @ 3.00
Sold SPY MAR 13 2023 388.0 Calls @ 2.58
Rolled SPY MAR 10 2023 399.0 Put to MAR 17 2023 396.0 Put @ .40 credit (3.55 total now)
Rolled SPY MAR 10 2023 400.0 Puts to MAR 17 2023 397.0 Puts @ even (2.45 and 4.00 total now)
TLT: Covered.
Rolled TLT MAR 10 2023 103.0 Calls to MAR 24 2023 104.5 Calls @ even
AMZN GOOGL XBI
#SyntheticStock #ShortPuts – Move to Fidelity is complete for all accounts now. Active Trader Pro is junk and the mobile app is junk compared to TOS but the cash sweep interest payments are pretty nice to make up for it. LOL Most positions are for tomorrow. Only things so far this week are adds to GOOGL and AMZN synthetic stock and an add to XBI April short puts.
Bring on the reports! (central time)
SPY
#ShortCalls – Offset by some short puts.
Sold SPY MAR 10 23 405.0 Calls @ 1.35
AMZN SPY XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few.
AMZN: Last of this week’s. Already sold next week.
Bought to Close AMZN MAR 03 2023 97.0 Calls @ .05 (sold for 4.70)
SPY: Moving a little back into cash. Out at near the original assignment price and wrote many many calls against the position also.
Sold Covered Stock @ 391.10 (assigned @ 389.00)
Sold Covered Stock @ 391.50 (assigned @ 390.20)
Adding a little downside help:
Rolled SPY MAR 17 23 393.0 Call to MAR 17 2023 385.0 Call @ 5.40 credit (8.65 total now)
XBI: First one in this expiration.
Sold XBI APR 21 2023 75.0 Put @ 1.35
AMZN GOOGL TLT
#SyntheticCoveredCalls #CoveredCalls #ShortPuts – A few.
AMZN: Synthetic covered.
Bought to Close AMZN MAR 03 2023 98.0 Calls @ .12 (sold for 4.35)
Bought to Close AMZN MAR 03 2023 99.0 Calls @ .07 (sold for 4.00)
Sold AMZN MAR 10 2023 95.0 Calls @ 1.70
Sold AMZN MAR 10 2023 96.0 Calls @ 1.26
GOOGL: Synthetic covered.
Bought to Close GOOGL MAR 03 2023 95.0 Calls @ .06 (sold for 2.75)
Sold GOOGL MAR 10 2023 92 Calls @ 1.20
TLT: Covered.
Bought to Close TLT MAR 03 2023 104.0 Calls @ .05 (sold for .55)
Sold TLT MAR 10 2023 103.0 Calls @ .51
Rolled TLT MAR 03 2023 104.0 Puts to MAR 17 2023 104.0 Puts @ .40 (1.85 total now)
SPY
#CoveredCalls – Got the TDA accounts turned back on today so have acces to TOS again. Placing the trades with Fidelity is about all I’ll use them for. A few rolls today on the bounce.
Rolled SPY MAR 03 2023 402.5 Put to MAR 10 2023 399.0 Put @ even (3.15 total now)
Rolled SPY MAR 03 2023 403.0 Put to MAR 10 2023 400.0 Put @ even (2.40 total now)
Rolled SPY MAR 03 2023 404.0 Put to MAR 17 2023 397.0 Put @ even (2.65 total now)
SPY
#CoveredCalls – One account transferred and the other one should be completed this week.
Rolled SPY MAR 3 2023 402.0 Call to MAR 3 2023 392.5 Call @ 4.05 credit (11.65 total now)
AMZN SPY
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – This is the last of it. Making the big move tonight. Look out Fidelity here I come! 🙂 🙂 🙂
AMZN: Synthetic covered.
Rolled AMZN FEB 17 2023 97.0 Calls to MAR 3 2023 97.0 Calls @ 1.57 credit (4.75 total now)
Rolled AMZN FEB 17 2023 98.0 Calls to MAR 3 2023 98.0 Calls @ 1.78 credit (4.40 total now)
Rolled AMZN FEB 17 2023 99.0 Calls to MAR 3 2023 99.0 Calls @ 1.93 credit (4.00 total now)
SPY: Clean up the scraps.
Bought to Close SPY FEB 17 2023 400.0 Puts @ .07 (sold for 2.50)
Bought to Close SPY FEB 17 2023 404.0 Put @ .15 (sold for 3.00)
Bought to Close SPY FEB 17 2023 405.0 Put @ .18 (sold for 3.10)
Bought to Close SPY FEB 17 2023 405.0 Put @ .19 (sold for 2.75)
Bought to Close SPY FEB 24 2023 400.0 Put @ .71 (sold for 2.50)
Sold SPY MAR 10 2023 402.5 Put @ 3.15
GOOGL SPY TLT XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few on the early weakness. Skipping next week and using March 3rd while my accounts are being moved.
GOOGL: Synthetic stock. Small one for fun. Mainly to compare it to AMZN and see which I like best.
Bought GOOGL JUN 20 2025 95.0/95.0.0/45.0 Synthetic Stock with Disaster Puts @ 11.25
Sold GOOGL MAR 3 2023 95.0 Calls @ 2.73
SPY: Adding.
Sold SPY MAR 3 2023 403.0 Put @ 2.44
Sold SPY MAR 3 2023 404.0 Put @ 2.66
Sold SPY MAR 24 2023 390.0 Put @ 3.85
Rolled SPY FEB 17 2023 399.0 Call to MAR 3 2023 402.0 Call @ .45 credit (7.60 total now)
TLT: Another synthetic dividend.
Bought to Close TLT FEB 17 2023 106.0 Calls @ .01 (sold for .55)
Sold TLT MAR 3 2023 104.0 Calls @ .55
Rolled TLT FEB 17 2023 104.0 Puts to MAR 3 2023 104.0 Puts @ .62 credit (1.45 total now)
XBI: Adding.
Sold XBI MAR 17 2023 80.0 Put @ 1.10
SPY
#ShortPuts – A couple.
Sold SPY MAR 17 2023 390.0 Put @ 2.90
Sold SPY MAR 17 2023 395.0 Put @ 3.80
Schwab?
TDA had been bought out and at some point in the next few months I’ll be transferred. I was just wondering about their cash sweep account for unused cash sitting in the option trading accounts. I was at Fidelity before TDA and they used something called FDRXX which is currently yielding 4.18%.
TDA has nothing for the cash sweep so I was considering moving back to Fidelity. If Schwab has something similar to FDRXX I would definitely stay since TOS is far superior to Fidelity Active Trader Pro.
All I can find on the Schwab website is a thing called SWGXX with a similar yield to the Fidelity product.
Any Schwab guys out there?
AMZN SPY XBI
#SyntheticCoveredCalls #ShortPuts – A few.
AMZN: Synthetic covered.
Bought to Close AMZN FEB 10 2023 99.0 Calls @ .05 (sold for 1.56)
Bought to Close AMZN FEB 10 2023 100.0 Calls @ .05 (sold for 1.51)
Sold AMZN FEB 17 2023 97.0 Calls @ 3.15
Sold AMZN FEB 17 2023 98.0 Calls @ 2.60
Sold AMZN FEB 17 2023 99.0 Calls @ 2.07
Added one:
Bought AMZN JUN 20 2025 100.0/100.0/45.0 Synthetic Stock with Disaster Put @ 8.75
SPY: Rolling
Rolled SPY FEB 10 2023 410.0 Put to FEB 17 2023 404.0 Put @ .30 credit (3.00 total now)
XBI: Adding.
Sold XBI MAR 17 2023 80.0 Put @ 1.52
TLT
#ShortPuts #CoveredCalls – A few late ones.
Bought to Close TLT FEB 10 2023 106.5 Calls @ .05 (sold for 2.80)
Sold TLT FEB 17 2023 106.0 Calls @ .55
Sold TLT FEB 17 2023 104.0 Puts @ .83
AMZN XBI
#SyntheticStock #SyntheticCoveredCalls #ShortPuts – I couldn’t resist. I feel like I have to stay involved in these while they are at good levels and have served me well over the last year. Gradually back in during the week. Plan is to still be nearly all SPY though.
AMZN:
Bought AMZN JUN 20 2025 100.0/100.0/45.0 Synthetic Stock with Disaster Puts @ 10.00
Sold AMZN FEB 10 2023 100.0 Calls @ 1.51
Sold AMZN FEB 10 2023 99.0 Calls @ 1.56
XBI:
Sold XBI Mar 17 2023 80.0 Puts @ 1.00 and 1.05
XBI
#SyntheticStock #SyntheticCoveredCalls – That’s the last of it. Traded it from 100 down to 90 over 13 months and turned out to be biggest winner while going down. LOL Gotta love options!
Sold XBI JAN 17 2025 90.0/90.0/40.0 Synthetic Stock @ 8.20 (bought for 4.20)
Bought to Close XBI FEB 3 2023 88.0 Calls @ 3.50 (sold for 2.20)
Bought to Close XBI FEB 3 2023 89.0 Call @ 2.50 (sold for 1.20)
Bought to Close XBI FEB 3 2023 90.0 Calls @ 1.65 (sold for 1.00)
Net gain 1.80 on the last batch.
TLT
#CoveredCalls – Close but not quite. Try again next week.
Rolled TLT FEB 3 2023 106.5 Calls to FEB 10 2023 106.5 Calls @ .80 credit (2.80 total now)
SPY
#CoveredCalls #ShortPuts – Using the early weakness for most of these.
Covered:
Rolled SPY FEB 3 2023 397.0 Call to FEB 17 2023 399.0 Call @ .35 credit (7.15 total now)
Rolled SPY FEB 3 2023 390.0 Calls to MAR 3 2023 393.0 Calls @ .35 credit (5.45 total now)
Rolled SPY FEB 3 2023 388.0 Call to MAR 17 2023 393.0 Call @ .35 credit (3.25 total now)
Rolled SPY FEB 10 2023 386.0 Calls to MAR 3 2023 388.0 Calls @ .20 credit (5.90 total now)
New:
Sold SPY FEB 10 2023 410.0 Put @ 2.70
Sold SPY FEB 17 2023 405.0 Put @ 2.75
Sold SPY FEB 24 2023 400.0 Put @ 2.50
Sold SPY MAR 3 2023 402.5 Put @ 3.15
Sold SPY MAR 10 2023 400.0 Put @ 4.00
Sold SPY MAR 17 2023 395.0 Put @ 4.25
Sold SPY MAR 24 2023 392.5 Put @ 4.20
Sold SPY MAR 31 2023 390.0 Put @ 4.35
SPY
#ShortPuts – Have to take these on this kind of a bounce.
Bought to Close SPY FEB 3 2023 400.0 Put @ .09 (sold for 3.30)
Bought to Close SPY FEB 10 2023 390.0 Put @ .27 (sold for 2.05)
Bought to Close SPY FEB 10 2023 395.0 Put @ .46 (sold for 3.15)
Bought to Close SPY FEB 10 2023 395.0 Put @ .46 (sold for 2.50)
Breaking News!!
No, I’m not pregnant. 🙂 🙂 🙂
Been waiting awhile for a chance to do this. This big runup has presented the perfect opportunity. Been an interesting 13 months but I’ve managed to stay 100 percent in the market the entire time. With this rally and all accounts sitting at lifetime highs I’m closing all non SPY positions and from this point forward will only be trading SPY. Looking at my history during the last couple years I’ve managed to do pretty good with it in all kinds of markets. Can’t beat the liquidity and expirations available. A little bit of a divvy kicker to boot and ZERO single stock risk.
It was a mixed bag over the last year but more and bigger winners than losers so can’t complain. Here’s a summary of every ticker for the last 13 months.
(Very) Big Winners:
SPY
XBI
Big Losers:
ARKK
NFLX
SOXL
TQQQ
Medium Winners:
ADBE
AMZN
EWZ
MSFT
SVXY
TBT
TLT
TSLA
Medium Losers
NVDA
Small winners:
COST
QYLD
ROKU
SNOW
SPX
SPXL
TNA
Small losers
/ES
ISRG
LABU
RSX
Breakeven:
COST
FAS
FXI
HOOD
KWEB
META
I can’t say that I won’t take advantage of opportunities if I see them but it would have to be something like XBI at 60 or TLT at 90. 🙂 🙂 🙂 Still holding TLT and some XBI at this point while gradually unwinding them. Everything else is gone except some current SPY positions I elected to keep.
AMZN NVDA SPY
AMZN:
Sold AMZN FEB 17 2023 100.0 Put @ 2.55
NVDA:
Bought to Close NVDA FEB 3 2023 190.0 Puts @ .21 (sold for 6.75)
Sold NVDA FEB 17 2023 195.0 Put @ 3.00
Sold NVDA FEB 17 2023 197.5 Put @ 3.75
SPY:
Bought to Close SPY FEB 3 2023 395.0 Puts @ .17 (sold for .60)
Bought to Close SPY FEB 3 2023 397.5 Put @ .24 (sold for 3.15)
Bought to Close SPY FEB 3 2023 398.0 Put @ .26 (sold for 3.25)
Sold SPY FEB 17 2023 400.0 Puts @ 2.50
Sold SPY FEB 17 2023 405.0 Put @ 3.10
Rolled SPY FEB 3 2023 390.0 Put to FEB 3 2023 400.0 Put @ 1.90 credit (5.20 total now)
XBI
#ShortPuts – Sold XBI MAR 17 2023 82.0 Put @ 2.13
TLT
#CoveredCalls – Close but not quite. Try again next week.
Rolled TLT JAN 27 2023 106.5 Calls to FEB 3 2023 106.5 Calls @ .90 credit (2.00 total now)
NVDA SPY
#ShortPuts #CoveredCalls – A few.
NVDA: Rolling for more upside and adding new targets for Mr. Market. Come and get ’em! Earnings around Feb 22nd.
Rolled NVDA FEB 10 2023 152.5 Calls to MAR 17 2023 155.0 Calls @ .22 credit (2.45 total now)
Rolled NVDA FEB 10 2023 152.5 Calls to MAR 17 2023 155.0 Calls @ even (1.75 total now)
Rolled NVDA FEB 3 2023 182.5 Puts to FEB 3 2023 190.0 Puts @ 1.60 credit (6.75 total now)
Sold NVDA FEB 17 2023 180.0 Put @ 3.25
Sold NVDA FEB 17 2023 182.5 Put @ 3.85
SPY: Rolled and sold.
Rolled SPY JAN 27 2023 395.0 Call to FEB 3 2023 397.0 Call @ .20 credit (6.80 total now)
Sold SPY FEB 10 2023 395.0 Put @ 2.50
SPY
#ShortPuts – A couple more.
Bought to Close SPY JAN 27 2023 392.5 Put @ .05 (sold for 3.70)
Bought to Close SPY JAN 27 2023 393.0 Put @ .06 (sold for 3.50)
SPY XBI
#ShortPuts #CoveredCalls #SyntheticStock
SPY: A few adjustments.
Rolling in and up.
Rolled SPY FEB 17 2023 387.0 Puts to FEB 3 2023 395.0 Puts @ .02 debit (.60 total now)
Taking some off and selling closer in. Been rolling these quite awhile accumulating nice premium.
Bought to Close SPY FEB 17 2023 405.0 Put @ 8.20 (sold for 21.65)
Bought to Close SPY FEB 17 2023 405.0 Put @ 8.15 (sold for 21.65)
Bought to Close SPY FEB 17 2023 405.0 Put @ 8.15 (sold for 6.55) easily made that up in the others.
Sold SPY FEB 3 2023 397.5 Put @ 3.15
Sold SPY FEB 3 2023 398.0 Put @ 3.26
Sold SPY FEB 10 2023 390.0 Put @ 2.05
Sold SPY FEB 10 2023 395.0 Put @ 3.15
Call roll:
Rolled SPY JAN 27 2023 390.0 Calls to FEB 3 2023 391.0 Calls @ .80 credit (4.30 total now)
XBI: Taking off all synthetic stock in one account. Net gain of 4.20 per synthetic share.
Sold XBI JAN 17 2025 85.0/85.0/40.0 Synthetic Stock @ 9.90 (bought for 3.90)
Bought to Close XBI JAN 27 2023 85.0 Calls @ 3.40 (sold for 1.60)
SPY
#CoveredCalls – A couple rolls during the morning weakness.
Rolled SPY JAN 27 2023 386.0 Calls to FEB 3 2023 389.0 Calls @ .05 credit (2.05 total now)
Rolled SPY JAN 27 2023 385.0 Call to FEB 3 2023 388.0 Call @ .35 debit (2.90 total now)
Options Bistro 