SPX trades

#SPXcampaign Closed $SPX Nov 8th 2580/2555 put spreads for 9.25. Sold yesterday for 9.35. Decided to bail on this as the lackluster bounce and rising VIX tell me that some index weakness could be coming.

Sold Nov 8th 2540/2565 call spreads for 19.35. #ITMroll from Oct 31st spread closed this morning.

CMG earnings

#Earnings I was looking for a trade on this and then @thomberg1201‘s post popped up to inspire me.

Sold $CMG Oct 27th 290/300/350/360 #IronCondor for 2.40. Biggest UP move: 7.8%, Biggest DOWN move: -9.3%, Average move: 5.7%. My short strikes are -7.6% and +7.9% OTM.

SPX calls sold

#SPXcampaign Sold to Open $SPX Nov 24th 2620/2645 call spreads for 1.70.

Also, closed Oct 31st 2535/2560 call spreads for 20.90. Sold for 17.95. Looking to roll as we move higher into afternoon.

NSC Earnings

#Earnings #ShortPuts Sold to Open $NSC Oct 27th 130 puts for 1.10. Biggest UP move: 10.5%, Biggest DOWN move: -3.5%, Average move: 3.0%. This trade is -2.3% OTM.

#bups

VIX Indicator has been updated

#VIXIndicator The VIX is trending up and having its biggest swings since the Upside Warning on 9/22.

Screen Shot 2017-10-23 at 6.19.14 PM

VXX call

#LongPutDiagonals Sold a couple $VXX calls as rolls from the puts that have been painful.

STO VXX Nov 17th 38 call for 1.35
STO VXX Dec 15th 30 call for 5.50 (sold ITM)

SPX trades

#SPXcampaign I’m continuing to roll out threatened call spreads as if we will be continuing up. Today, the down move was larger than expected so some trades were made too early.

Stopped Call spreads:
Oct 23rd (today) 2565/2590 for 11.40. Had I waited, looks like it would have expired.
Oct 30th 2570/2595 for 11.00.
Oct 30th 2500/2525 for 24.50.

Rolls sold:
Oct 25th 2575/2550 put spreads for 3.85
Nov 6th 2520/2545 call spreads for 22.10
Nov 8th 2580/2555 put spreads, sold ITM for 9.35

Standard spreads sold:
Nov 16th (monthly) 2500/2475 put spreads for 1.40 (didn’t fill on Friday, so sold today)
Nov 24th 2485/2460 put spreads for 1.45

VXX Gaming

#VXXGame STO $SVXY Nov 17th 90 put for 1.87.
#LongPutDiagonals BTC $VXX Nov 3rd 43 put for 9.35. Sold for 6.70 on a roll.

First SPX down day in several, but VIX and VXX products not showing much interest.

Options Expiration 10/20/17

#OptionsExpiration #Earnings #ContangoETFs #VXXGame #LongPutDiagonals

Forgot to post this!

— Expiring w/max profit —
HCA 82.5 #CoveredCalls
NUGT 45 call
SVXY 55 and 68 puts
VXX 50 call

— Expiring w/max loss —
GWW 180/185 #ShortCallSpreads
NFLX 210/220/230 #CallButterfly

Econ Calendar for week of 10/23/17

Be sure to periodically click “Home/REFRESH” above to keep Bistro features updated.

Screen Shot 2017-10-23 at 5.17.20 AM

SVXY roll

#VXXGame Rolled these two from the ITM call I closed:
STO $SVXY Dec 15th 95 put for 5.25
STO $SVXY Jan 2019 205 call for 8.05 (highest strike)

NFLX earnings

#Earnings #IronButterfly BTC $NFLX Oct 20th 200 put for 5.80. Sold in the 190/200/210 Iron Butterfly for 8.18 on Monday. Plus I had a call butterfly that was a bust, so profit all together was a whopping 1.18!

VXX Game folly

#VXXgame BTC $SVXY Oct 20th 90 call for 18.00. Sold for 2.65 on Aug 25th. This one slipped past me, should have rolled much earlier.

BTC $VXX Oct 20th 44 put for 10.00. Sold in a #StrangleRoll for 5.86 on 9/22. Part of the #LongPutDiagonals. Not rolling these anymore… waiting for some volatility to sell any more options against the long positions.

SPX puts sold

#SPXcampaign
Sold to Open $SPX Nov 16th 2465/2440 put spreads for 1.50

VXX game trades

#VXXgame
BTC $SVXY Dec 105 call for 8.20. Sold in the 90/210 strangle (pre-split) for 6.45 (effective price) in May.
Sold SVXY Dec 90 put for 6.25
Sold SVXY Dec 75 put for 1.65

#LongPutDiagonal BTC $VXX Nov 3rd 42 put for 6.90. Sold for 6.75 as a previous roll.

SPX puts closed

#SPXcampaign Closed on GTC order: $SPX Oct 27th 2465/2440 put spreads for .20. Sold for 1.45 at end of Sept.

SPX puts closed

#SPXcampaign BTC $SPX Oct 19th 2550/2525 put spreads for .85. These were monthly contracts, sold last week for 3.25.

SPX trades

#SPXcampaign Yesterday, closed on GTC order: $SPX Oct 18th 2545/2520 put spread for .45. Sold for 5.40 last week.

Today:
STOPPED: Oct 27th 2560/2585 call spreads for 10.55. Sold for 1.50 on Sept 29th.
#CondorRoll Sold Oct 30th 2535/2560/2570/2595 for 11.10. (very tight condor… I will allow either side to get 10-15 points ITM before I consider rolling)
STOPPED: Oct 19th 2555/2580 call spreads for 8.55. Sold for 1.70 on Sept 18th. Not yet rolled

Closed Oct 25th 2500/2525 call spreads for 24.20. Sold for 22.25 last Wednesday.
#ITMroll Sold Nov 1st 2515/2540 call spreads for 22.20. Added Nov 1st 2540/2515 put spreads for 2.70.

Long Put Diagonal futility

#VXXGame #LongPutDiagonals I’m starting to close down my ITM short puts against the Long-Put-Diagonals, without rolling them. I’ve kept up with rolling but it has become a futile exercise. I will consider new positions in either short calls or puts once we get some new volatility. But for now, I am shouldering the losses rather than building on them further.

The long term long puts are in great shape and should be ripe for closing about a year from now. That’s plenty of time to make up this month’s losses in additional short sales.

BTC $VXX Oct 20th 43 put for 8.44. Sold for 4.01 on 9/22 on a previous roll (with a 46.5 call for 1.44 that just closed for .03). That’s the basic deal; won’t be posting all trades to exit, but happy to answer any questions.

HCA covered call

#Earnings #CoveredCalls #LongStock Trump talking in the Rose Garden has some healthcare stocks spiking right now.

Sold $HCA Nov 17th 80 call for 1.30

SPX rolls

#SPXcampaign
Closed $SPX Oct 23rd 2485/2510 call spreads for 24.45. Sold for 23.05 last Monday.
#ITMroll Sold Oct 30th 2500/2525 call spreads for 23.40.

Stopped SPX Nov 3rd 2575/2600 call spreads for 4.75. Originally sold for 1.65.
Rolled to a Split-Week Condor (a name I just made up):
Sold Oct 23rd 2565/2590 call spreads for 3.70
Sold Oct 30th 2525/2500 put spreads for 1.45

RH no longer flying

AAOI still tanked, however.

#rolling

GWW earnings

#Earnings Sold $GWW Oct 20th 180/185 call spreads; filled for 2.51 with an order for 2.50, so you can probably get more. 1:1 risk/reward with a very lousy history of earnings. Biggest UP move: 1.6%, Biggest DOWN move: -11.4%, Average move: 3.8%. Negative bias: -3.4%. Stock must move down 1% or more for this trade to retain max profit.

NFLX earnings

#Earnings $NFLX seems to be the new kickoff for earnings trades, since the banks last week are pretty dull options-wise. Since it rose so much last week, I’m not finding the greatest premium. I’m thinking of buying a bullish #CallButterfly, 210/220/230 for about 1.25. Low risk for a max 8.75 win, and bullish seems to be the only direction it knows. The other trade is to sell an ATM #IronButterfly 190/200/210 for about 8.15. Similar risk/reward if you think it won’t move much (which was the case last January and April). Here are the FIVE-DAY moves after earnings last 12 quarters:

Mon 07/17/2017 AC 16.59%
Mon 04/17/2017 AC -2.97%
Wed 01/18/2017 AC 3.09%
Mon 10/17/2016 AC 27.75%
Mon 07/18/2016 AC -13.07%
Mon 04/18/2016 AC -11.53%
Tue 01/19/2016 AC -6.64%
Wed 10/14/2015 AC -7.74%
Wed 07/15/2015 AC 12.65%
Wed 04/15/2015 AC 19.33%
Tue 01/20/2015 AC 25.41%
Wed 10/15/2014 AC -19.92%

SPX calls sold

#SPXcampaign Sold to Open $SPX Nov 16th 2610/2635 call spreads for 1.50. These are the monthly contracts, stop trading Thursday afternoon and settle Friday morning.

RH flying again

And AAOI tanking

Econ Calendar for week of 10/16/17

Be sure to periodically click “Home/REFRESH” above to keep Bistro features updated.

Screen Shot 2017-10-16 at 6.17.25 AM

SPX trades today

#SPXcampaign My travels certainly got me backed into a corner to the short side. I managed several ITM rolls but failed to roll away more of them that became ITM. So up to my neck in them now. A pullback to 2500 will net me a huge payday.

Closed on GTC orders:
Oct 27th 2415/2390 put spreads for .20. Sold for 1.50 on Sept 25th.
Oct 23rd 2490/2465 put spreads for .40. Sold for 3.95.

ITM rolls:
Closed Oct 20th 2500/2525 calls for 24.10. Sold for 22.55 last Friday.
Rolled to: Sold Oct 27th 2510/2535 calls for 22.40.
Closed Oct 20th 2530/2555 calls for 20.20. Sold for 5.75.
Rolled to: Sold Oct 31st 2535/2560 calls for 18.05.
Closed Oct 19th 2545/2570 calls for 13.95. Sold for 1.70 on Sept 22nd.
Rolled to: Sold Oct 27th 2550/2575 for 11.65.

Put spreads sold to make up for debits in the ITMrolls:
Sold Oct 19th 2550/2525 puts for 3.25
Sold Oct 23rd 2555/2530 puts for 5.45.

Standard campaign spreads:
Sold Nov 10th 2600/2625 calls for 1.65 (adding to current position)
Sold Nov 10th 2490/2465 puts for 1.55

SPX trades yesterday

#SPXcampaign
Closed on GTC order:
Oct 13th 2530/2505 put spreads for .20. Sold on Monday for 2.35
Oct 20th 2475/2450 put spreads for .25.

Closed Oct 18th 2480/2505 call spreads for 24.55. Sold a week earlier for 23.25.
#ITMroll Sold Oct 25th 2500/2525 call spreads for 23.25.

Was able to move up 20 points with only a 1.30 debit; when spreads are this deep ITM the premiums are little changed by moving up multiple strikes, so wider rolls are easier.

HCA/AAOI dump

#Earnings #ShortPuts #LongStock
As noted last night $AAOI has taken its expected dump, one night before my 55 puts were to expire. Will consider my options based on today’s action.

I’ve been waiting for $HCA to recover but it’s taking a big hit today, along with all Healthcare ($XLV) since Trump is expected to cut ACA subsidies. I’m long some stock with #CoveredCalls

SPX trades yesterday

#SPXcampaign.
Closed on GTC order: $SPX Oct 16th 2515/2490 put spreads for .40. Sold last week for 3.70.

Sold Oct 13th 2560/2585 call spreads for 1.70 in last hour of day when SPX peaked. I entered that order in the morning and it filled while on the road.

In Dunsmuir, CA this morning… we’ll be home in Portland by tonight.

SPX puts closed

#SPXcampaign In pre-market, closed on GTC order: $SPX Oct 11th 2515/2490 put spreads for .20. Half of this filled yesterday, and the remainder filled this morning.

SPX puts

#SPXcampaign. Sold to Open $SPX Oct 13th 2530/2505 put spreads for 2.35. Expires this Friday, or will be rolled if there’s no bounce from here. Are we finally getting some volatility?

Closed PLCE position

#Earnings #LongStocks #CoveredCalls This one dropped big since its highs so I’m exiting since the position is nicely in profit but could lose it if the stock drops more. Originally sold 110 puts on Aug 11th for 2.00, then took assignment of the stock and sold covered calls. Final profit is about 2.27.

Sold PLCE stock for 110.05.
BTC Oct 20th 115 covered calls for .95. Sold for 1.73 (avg price).

SPX trades

#SPXcampaign. Here are my trades today:
Closed on GTC orders:
Oct 9th 2540/2515 put spread for .20. Sold for 3.70 on Thursday.
Oct 9th 2555/2580 call spreads for .20. Sold for 1.45 on Thursday.
Oct 19th 2420/2395 put spreads for .20. Sold for 1.45 on Sept 19th.
Oct 13th 2490/2465 put spreads for .25.
Oct 11th 2515/2490 put spreads for .20. Sold for 1.80 last Wednesday.

STOPPED: Nov 3rd 2585/2610 call spreads for 3.00. Sold for 1.90 on Thursday. Not sure why I had an order in for 3.00 on this one, but it was a mistake. Now a roll would be difficult since market dropped so much from this morning.

Closed Oct 16th 2475/2500 call spreads for 24.50. Sold for 22.50 last Monday.
#ITMroll. Sold Oct 23rd 2485/2510 call spreads for 23.05.

Sold Nov 10th 2600/2625 call spreads for 1.70
Sold Nov 10th 2460/2435 put spreads for 1.45

Econ Calendar for week of 10/9/17

Please click Home/REFRESH above to keep Bistro features updated

Screen Shot 2017-10-09 at 5.54.39 AM

Not much relief for the short

#OptionsExporation #VXXGame #SPXstrategy
Only expiration is a long $SPX Oct 6th 2400/2375 put spread. Bought it last week for the bargain price of .20. Other than that, closed $VXX Oct 6th 44 puts for 6.53 (avg price). These are the “covered” puts against #LongPutDiagonals. This one’s gotten rough. Will have to figure a way of #Rolling later.

Have a good weekend all! I will be on or near the beach.

FB covered call

#Earnings #CoveredCalls STO $FB Oct 27th 177.5 call for 1.35. This is basically my covered call practice trade. I’m holding 100 shares of a stock I believe will go higher and selling calls against it, with the intention of rolling should assignment ever become likely.

SPX soldiers on

#SPXcampaign. Apologies for not posting my trades this week. I have been getting slammed by the upside move, so I’m very tightly wound up to the short side, waiting for a pullback. I have stopped some call spreads, sold aggressive put spreads, and have been rolling ITM call spreads. I once again did not take the Upside Warning seriously, mainly because of the head-fake down-day we got on Monday Sept 25th, which happened the DAY AFTER the warning. I made all the wrong moves that day; it was the perfect day to flip my account to the long side, but instead I got stopped out of put spreads. In any case, my travels have diverted my full attention. I’m in LA now until Wednesday.

Feel free to ask any questions if you need updates on my trades or help with yours. I should have more time at the computer today.

#condorroll, #fuckit, #reverseroll

RH earnings roll

#Earnings #ShortStrangles. $RH
Sept 5th: Sold Sept 8th 36/64.5 strangles for 1.10
Sept 7th: Rolled 64.5 calls to a Oct 20th 65/75 strangle, .44 credit.
TODAY: Closed strangle for 4.19. Rolled to Oct 27th 72/80 strangle for 4.25.

Now look for them to expire worthless with 1.60 total credit.

It’s getting KOLD

#Contango ETFs Nat Gas moving up, and KOLD has re-entered sell territory.

Sold to Open $KOLD Feb 50 call for 2.95. I went pretty far above mid-price and got filled immediately, so you can probably get more than I did. This is my only position in KOLD.

#contangoetf

JOBS report for September

U.S. lost 33,000 non-farm payroll jobs in September, vs. +90K expected.
First negative monthly number since 2010.
Unemployment rate DOWN 0.2 to 4.2%.
U6 dropped to 8.3%, its lowest since June 2007.
Avg hourly earnings up +0.5%, a bigger jump than usual.
Labor Force Participation up to 63.1%, its highest all year.

Good morning from Williams, AZ

Click “Home/REFRESH” to update the site.

SPX trades

#SPXcampaign.
Yesterday, Stopped $SPX Oct 9th 2515/2540 call spreads for 13.45. Sold in a #CondorRoll for 9.95 on Sept 18th.
Sold Oct 6th 2515/2490 put spreads for 2.00.

SPX calls sold

#SPXcampaign. Sold to Open $SPX Nov 3rd 2575/2600 call spreads for 1.75.

SPX rolls sold

#SPXcampaign
Sold $SPX Oct 16th 2515/2490 put spreads for 4.50, as #ReverseRoll from Oct 13th calls stopped this morning.
Sold Oct 16th 2475/2500 call spreads for 22.35 as #ITMroll from Oct 9th calls stopped this morning.

HCA covered call

#Earnings #LongStock #CoveredCalls
Sold $HCA Oct 20th 82.5 covered call for .75, adding to the position.
Looks like earnings are last week of October. Hopefully stock can recover up to 82 area so I can exit before then, but may play through earnings if necessary.

SPX trades

#SPXcampaign. Sold to Open $SPX Nov 3rd 2435/2410 put spreads for 1.50.

STOPPED: SPX Oct 13th 2535/2560 call spreads for 4.40. Sold for 1.50 on Sept 11th. Working on a reverse roll for Oct 16th.
STOPPED: SPX Oct 9th 2470/2495 call spreads for 23.85. Sold last Monday for 17.60. Working on #ITMroll for Oct 16th.

Closed on GTC orders:
Oct 11th 2410/2385 put spreads for .20. Sold in a #CondorRoll for 3.75 on Sept 12th.
Oct 13th 2400/2375 put spreads for .20. Sold for 1.50 on Sept 12th.

Econ Calendar for week of 10/2/17

Please click “Home/REFRESH” above to update Bistro features for the day.

Screen Shot 2017-10-02 at 7.05.46 AM

SPX trades

#SPXcampaign. $SPX.
Yesterday,
Closed on GTC order: SPX Sep 29th 2475/2450 put spreads for .20. Sold for 1.65 on Sep 21st.
Sold half of long position: STC Sep 29th 2515/2530 call spreads for 1.50. Bought for 2.00 last Friday.
Lottery ticket crash trade: Bought Oct 6th 2400/2375 put spreads for .20.

Today:
Closed Oct 6th 2485/2510 call spreads for 19.30. Sold last Friday for 16.50.
#ITMroll. Selling Oct 13th 2490/2515 call spreads, not filled yet.

Sold Oct 27th 2560/2585 call spreads for 1.50

New VIX low and all-time…

New VIX low and all-time SPX highs

SPX new highs

#VIXIndicator #SPXcampaign Well there’s the result of the Upside Warning after 2.5 days of uncertainty.

#itmroll

Not letting this whippy market…

Not letting this whippy market ruin a road trip. This is where we stayed last night. Heading to Jackson WY today.
IMG_5865

SPX trades

#SPXcampaign.
My #ITMroll for the day: Closed $SPX Oct 4th 2470/2495 call spreads for 21.95. Sold for 20.05 last Thursday. #Rolling to Oct 11th 2475/2500… missed the highs so waiting.

Sold a couple NTM put spreads to offset my call spread positions:
Sold Oct 6th 2485/2460 put spreads for 2.80
Sold Oct 9th 2500/2475 put spreads for 5.40

Stopped: Oct 9th 2510/2535 call spreads for 7.70. Sold for 7.50 on Sep 18th. At least that was almost break-even… will add to the list of rolls I need!

SPX woes

#SPXcampaign. Monday seems to have existed just to confuse everyone. Now Nasdaq is up after its stocks were in free fall. The VIX popped to multi-week highs, then settled quickly. My indicator shows an Upside Warning, but it seems we’re stuck in a range. A very tough market to call.

The standard SPXcampaign sells spreads with short strikes at around .10-.15 delta. Lately I have been carrying too many high-delta NTM, ATM, and ITM spreads, making me vulnerable to whipsaw. My mistake was not closing those aggressive positions in late August when my ITM call spreads all paid off and I reached account highs. What’s transpired since then would have been easy to manage if I was holding only the .10-.15 delta spreads. Instead, the market is Moe and I am Curly.

Closed REGN

#ShortStrangles Taking profits early only to release margin. I’m getting stretched to the upside on SPX.

BTC $REGN Oct 6th 412.5/447.5 strangles for 4.85. Started as Sept 29th 430/530, and then rolled, with 8.00 total credit, so profit in end is 3.15.

Good morning from Rigby, Idaho

No internet yesterday so I just updated the site now. Click “Home/REFRESH” above.

It was a nice day to be on a 12-hour drive, compared to Monday. No trades. I will be round for an hour or two at the open, then checking in later.

SPX pre-market

#SPXcampaign Just closed $SPX Sep 27th 2470/2445 put spreads for .35. Sold in a #CondorRoll for 9.90 on Sep 11th.

SPX trades

#SPXcampaign $SPX Took several stops today on put spreads but only rolled one of them. I am lightening up on positions since I will be traveling. Was caught in the head fake high and then the plunge, resulting in crappy trades for the Oct 27th standard spreads and the #ITMroll.

In chronological order from this morning:

Closed on GTC order: Oct 2nd 2425/2400 put spreads for .25. Sold for 1.70 on Sept 1st.
Sold Oct 27th 2415/2390 put spreads for 1.50.
Closed Oct 2nd 2475/2500 call spreads for 19.85. Sold for 19.00 last Monday.
Rolled to: Oct 9th 2470/2495 for 17.75 (dropped DOWN a strike and lost 2.10 – horrible timing)
Stopped Sept 27th 2490/2465 put spreads for 5.25. Sold Friday for 2.00.
Sold Oct 27th 2545/2570 call spreads for 1.70.
Stopped Oct 9th 2480/2455 put spreads for 4.25; rolled to:
#CondorRoll Sold Oct 16th 2380/2405/2530/2555 condors for 2.90 (1.5x position size)
Stopped Oct 6th 2475/2450 put spreads for 4.35. Sold for 2.60 on Friday.
Stopped Oct 4th 2475/2450 put spreads for 3.30. Sold in a #CondorRoll for 9.25 on Sep 15th.

Sell off?

Got head-faked and made some long trades at the market top today. Sell-off now looks compelling, even though TICKs are not showing usual -600 readings. VIX is at day’s highs. Big failure on upside warning, but not surprised this time. VIX has not had usual correlation to SPX movement for much of this year.

AAOI puts

#ShortPuts Closed on GTC order: $AAOI Sept 29th 55 puts for .20. Sold for 1.90 on Sep 13th.

Replaced with:
Sold to open AAOI Oct 13th 55 puts for 1.90

Great premium on this one still. Perhaps someone is expecting a huge dump.

Econ Calendar for week of 9/25/17

Be sure to periodically click “Home/REFRESH” above to keep Bistro features updated

Screen Shot 2017-09-25 at 6.09.05 AM

SPX trades

#SPXcampaign
#RiskReversal Bought to Open $SPX Sep 29th 2515/2530 call spreads for 2.00
Sold to Open SPX Sep 27th 2490/2465 put spreads for 2.00

Closed Sep 29th 2480/2505 call spreads for 17.15. Sold for 17.45 last Friday.
#ITMroll Sold Oct 6th 2485/2510 call spreads for 16.50.
Sold Oct 6th 2475/2450 put spreads for 2.60.

Closed on GTC order: Oct 6th 2365/2340 put spreads for .25. Sold in a #CondorRoll for 3.18 on Aug 31st

Sold Oct 19th 2545/2570 call spreads for 1.70. Standard spread sold just before the week closes.

No expirations tonight!

Upside Warning

#VIXIndicator We are heading into an upside warning with a third consecutive close below 9.96. This signal rarely is false.; while recent Downside warnings have often been head fakes, the Upsides have been good for at least a small rally before stopping, which in this case would mean 10-30 points higher on SPX next week. Hard to believe that will happen with the recent range-bound, dull movement. And weekend news could derail it as well.

VXX rolling

#VXXGame #LongPutDiagonals #Rolling #StrangleRoll
As $VXX and $UVXY continue to bleed out, I’m rolling my last ITM puts into strangles.

BTC VXX Sep 22nd 47 puts for 5.75.
Sold VXX Oct 20th 44/50 strangle for 5.86
Sold VXX Oct 20th 43/46.5 strangle for 5.45

I’ll see another next week. Managing the weeklys on this long trade has gotten messy, but it keeps me busy!

Health care stocks rally

John McCain announced opposition to Graham-Cassidy bill and healthcare stocks are surging.

SPX trades

#SPXcampaign Closed $SPX Sep 22nd 2205/2480 put spreads for 4.70. Sold yesterday for 4.90. As we head into the close, we’re looking pretty weak, so can’t risk an overnight gap down. This was only a hedge against the short 2505 call spread, which I closed this morning.

Also, sold to open Oct 4th 2470/2495 call spreads as an #ITMroll from spread stopped yesterday. I was unable to move short strike up.

SPX calls closed

#SPXcampaign Closed $SPX Sept 22nd 2505/2530 call spreads for 2.95. Sold for 1.60 on Aug 25th.

This one slipped by me and should have been stopped when it hit my 4.00 stop. But I weathered through its peak around 9.00 and got out decently today. I sold the opposing 2505 put spread yesterday, and will look to exit today if possible. I am moderately bullish into tomorrow.

I am leaving on a 2-week trip on Tuesday so will be adding fewer aggressive positions. I’ll be trading during the trip but not at my computer as often.

#condorroll

SPX puts

#SPXcampaign Sold to Open $SPX Oct 19th (monthly) 2415/2390 put spreads for 1.40.

Downside warning canceled

#VIXIndicator Well with a close finally below the 78.6% line, the Downside warning that started on Sept 5th is finally canceled. In the “correctionless” last 20 months, the Indicator has become more lagging than ever, so not sure what to make of it.

DUST call

#ContangoETFs Sold $DUST Dec 35 call for 1.25. My first new position in DUST since early July.

SPX trades

#SPXcampaign
Closed on GTC order: $SPX Sep 22nd 2475/2450 put spreads for .40. Sold for 2.15 on Sep 13th.

#ITMroll Closed Sep 27th 2470/2495 call spreads for 21.70. Sold for 16.50 on Sep 11th.
Order in to sell Oct 4th 2745/2500 for 21.85… or whatever I can get before the close.

Sold to Open Sep 22nd 2505/2480 put spreads for 4.90. This is sold against the 2505/2530 call spreads, creating an #IronButterfly for Friday expiration. I will close whichever side I need to on Friday (unless we have a major move in either direction)

HCA covered calls

#Earnings #LongStock #CoveredCalls
This stinker cannot get back above 80. Was assigned stock back in July.
Sold $HCA Nov 17th 82.5 call for 1.05.

AZO closed, REGN rolled

#Earnings #ShortStrangles

Bought to close $AZO Sep 22nd 505/630 strangles for .55. Sold yesterday for 3.20. Didn’t want to wait and see if it decides to tank again.

Closed REGN Sep 29th 430 put for 8.50. Sold in the 430/530 strangle for 7.40 on Aug 23rd. 530 call previously closed for .20.
#StrangleRoll: Sold Oct 6th 412.5/447.5 strangle for 9.30.

Another DRIP drops

#ContangoETFs Closed on GTC order: $DRIP Nov 40 call for .20. Sold for 2.10 on Aug 29th.