SPX trades

#SPXcampaign Sold $SPX May 17th 2775/2800 call spreads for 1.55.

Sold SPX May 14th 2675/2650 put spreads for 10.25. Another aggressive roll but with a more manageable time frame.

Joining the TQQQ Queue

#LongLEAPs Bought to Open $TQQQ Jan 2020 150 call for 41.00. To break even, underlying only has to reach its all-time high from last month, and I got 21 months to do it. Meanwhile, I’ll be selling calls against it.

#bullcallspreads, #fuzzy, #leaps, #longcalls

Volatility not kicking up

#Market Today we are down less than 1%, which in 2018 is notable. VIX not up much, and UVXY and VXX could barely be considered to be spiking, given the huge drop they saw in the last week. UVXY had been at 20 for a couple weeks, then a quick drop to 15, and barely up today.

Meantime, SPX could barely get above 2700. Is this the new normal? Consolidating indices all year and volatility drifts downward as we get used to it?

SPX trades

#SPXcampaign Closed on GTC order: $SPX May 4th 2810/2835 call spreads for .20. Sold for 1.45 on Apr 5th.

Closed Apr 25th 2680/2655 put spreads for 9.70. Sold for 5.65 yesterday. I had to step away for a few, and that’s when the plunge happened, just before I failed to get a fill on a break-even order. Now I may have gotten out on the lows. My ability to trade these short-term near-the-money spreads has totally sucked since early March. I was killing it with them in February and it got my confidence up, so the market had to affirm who’s daddy.

RH trade closed

#Earnings #ShortStrangle #StrangleRoll
Closed $RH Apr 20th 87.5 puts for .60. Sold as the 87.5/100 #StrangleRoll from breached short calls for 4.535 on Mar 29th. Letting the calls expire. Total profit in trade, 2.11.

SPX puts sold

#SPXcampaign Looks like early March all over again… a multi-day rally cut short by the volatility of 2018.

Sold $SPX May 17th 2535/2510 put spreads for 1.60.

Looking to already close the short-term put spread I sold at yesterday’s close. I thought the bounce yesterday looked decent and would lead to a stronger morning. Not the case. AAPL is not helping the overall market.

SPX roll

#SPXcampaign #Rolling Sold $SPX Apr 25th 2680/2655 put spreads for 5.65 after the bell, as a roll from the spread stopped earlier.