#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
Author Archives: fuzzballl
SPX hedge (SPY hedge hedge)
#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.
SPX hedge
#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
TLT
#ShortPuts – Another.
Bought to Close TLT Dec 15 2023 92.0 Put @ .95 (sold for 3.45)
TLT
#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
SPY
#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)
TLT
#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)
NOC
#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
NVDA
#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)
SNOW
#ShortPuts – Completely out now.
Bought to Close SNOW Dec 15 2023 157.5 Puts @ .18 (sold for 2.35 and 3.66)
SNOW Earnings
#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
TLT
#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
SPY
#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
SNOW earnings (Wed)
#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
SPX
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)
SPX
#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
NVDA
#BullPutSpreads – Couldn’t resist.
Sold NVDA Dec 15 2023 450.0/440.0 Bull Put Spreads @ 1.90
SPX
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)
SPX
Almost #0DTE – Legged in on the morning swings for tomorrow.
Sold 4495/4500/4575/4580 @ 1.55
SPX **Paper Trade**
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.
XBI
#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
SPY
#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
SPY
#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)
SPY
#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.
XBI
#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
SPY
#ShortPuts – Adding.
Sold SPY Dec 15 2023 420.0 Put @ 3.00
SPY
#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
SNOW
#ShortPuts – Taking the quickie.
Bought to Close SNOW Nov 24 2023 135.0 Puts @ .60 (sold for 2.05)
SNOW
#ShortPuts – Jumping back in the week before earnings.
Sold SNOW Nov 24 2023 135.0 Puts @ 2.05
SNOW
#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)
TLT
#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
SPX
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
SPX SPY TLT TSLA
#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)
SPY
#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)
SPX
#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
TLT
#CoveredCalls #SyntheticCoveredCalls – Selling half size.
Sold TLT Nov 17 2023 88.5 Calls @ .33
NOC
#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)
TLT
#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)
SPY
#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)
TSLA
#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)
SPY
#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)
NOC SPY TLT TSLA
#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)
SPY
#ShortPuts – Adding another.
Sold SPY Dec 29 2023 375.0 Put @ 3.25
SPY
#ShortPuts – Adding another.
Sold SPY Dec 29 2023 380.0 Put @ 3.25
SPY
#ShortPuts – Adding one.
Sold SPY Dec 29 2023 385.0 Put @ 3.52
TLT
#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)
SPY
#ShortPuts – Nice to see some premium below 400 again. LOL
Sold SPY Dec 15 2023 390.0 Put @ 3.80
NOC
#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)
TSLA
#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)
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)
