Had to roll it once again – only $0.02 out of the money at 4:00
Rolled SPY 10/04/2024 580/573 Bear Call Spread to 1 SPY 10/07/2024 583/576 Bear Call Spread $0.28 Credit
Author Archives: Option Iceman
SPY Puts
Starting a new Put Ladder after most of my SPY put spreads expired yesterday.
Sold 1 SPY 10/07/2024 553/563 Bull Put Spread at $0.28 Credit
Sold 1 SPY 10/09/2024 541/556 Bull Put Spread at $0.30 Credit
SPY Expiration
1 SPY 542/552 Bull Put Spread
1 SPT 544/559 Bull Put Spread
1 SPY 550/560 Bull Put Spread
1 SPY 545/561 Bull Put Spread
1 SPY 554/562 Bull Put Spread
1 SPY 580/573 Bear Call Spread (rolled up yesterday)
Was hoping this one would expire but it got over 568 just after 4:00 so ….
Rolled 1 SPY Oct 03 2024 580/568 Bear Call Spread to tomorrow’s SPY 10/04/2024 580/573 Bear Call Spread for $0.40 Credit
Markets and SPY
The S&P 500’s Dividend Yield has moved down to 1.27%, tied with Q4 2021 for the lowest yield since 2000.
SPY Puts
Today’s morning low in SPY was $566.82
Sold 1 SPY 10/03/2024 561.00 Put at $0.21 – Expires today
Sold 1 SPY 10/04/2024 556.00 Put at $0.40.
Both sold against leftover long puts from previous diagonal put spreads.
HES AAP Stock
Sold a tiny bit of HES stock at $141.85. Bought in early Sept at $129.00
#FormerFallingKnife
Added a tiny bit of AAP at $36.75. New low.
#FallingKnife
SPY and GLD Expirations
1 SPY 550/560 Bull Put Spread
1 SPY 551/561 Bull Put Spread
1 SPY 554/562 Bull Put Spread
1 GLD 526/536 Bull Put Spread
SPY Calls
Was hoping this one would expire but ….
Rolled 1 SPY Oct 02 2024 583/569 Bear Call Spread to tomorrow’s SPY 10/03/2024 580/573 Bear Call Spread for $0.22 Credit
VXX Long Term Puts
Shifting longs to March 2025 while financing the buy with 1 week Put Sales
Bought 1 VXX March 21 2024 23.0 Put at $0.42
Sold 1 VXX Oct 04 2024 49.0 Put at $0.58 for a $0.16 Diagonal Credit
#VXXContango
SPY Expiration
1 SPY 550/560 Bull Put Spread
1 SPY 557/564 Bull Put Spread
1 SPY 565 Diagonal Put
1 SPY 566 Diagonal Put
1 SPY 584/573 Bear Call Spread
1 SPY 580/572 Bear Call Spread
VXX Calls
Sold 1 VXX 10/04/2024 71/61 Bear Call Spread at $0.48 Credit
Sold 1 VXX 10/04/2024 72/62 Bear Call Spread at $0.44 Credit
SPY Calls
Bought to close 1 SPY 10/01/2024 577.00 Call at $0.01. Sold yesterday at $0.31
Sold 1 SPY 10/01/2024 572.00 Call at $0.15
#DoubleDip
Tuesday Spreads
Sold 1 NUGT 10/04/2024 64/57 Bear Call Spread at $0.18 Credit
Sold 1 TQQQ 10/04/2024 57/64 Bull Put Spread at $0.42 Credit
Sold 1 TQQQ 10/04/2024 55/62 Bull Put Spread at $0.28 Credit
Sold 1 AVGO 10/04/2024 145/155 Bull Put Spread at $0.24 Credit
Sell 1 VXX 10/04/2024 68/58 Bear Call Spread at $0.43 Credit
Bought 1 SPY 10/02/2024 554.00 Put / Sold 1 SPY 10/01/2024 564.00 Put at $0.25 Diagonal Credit
Sold 1 SPY 10/03/2024 542/552 Bull Put Spread at $0.26 Credit
SPY Expiration
1 SPY 549/560 Bull Put Spread
1 SPY 550/562 Bull Put Spread
1 SPY 567 Diagonal Put
1 SPY 577/574 Bear Call Spread (ended up surprisingly close)
Monday Spreads
Sold 1 SPY 10/02/2024 550/560 Bull Put Spread at $0.30 Credit
Sold 1 TQQQ 10/04/2024 57/65 Bull Put Spread at $0.33 Credit
Sold 1 AVGO 10/04/2024 150/160 Bull Put Spread at $0.28 Credit
Sold 1 NUGT 10/04/2024 41/46 Bull Put Spread at $0.33 Credit
Sold 1 GLD 10/04/2024 227.5/236 Bull Put Spread at $0.17 Credit
Sold 1 AMZN 10/04/2024 172.5/180 Bull Put Spread at $0.41 Credit
Bought 1 AMZN 10/11/2024 172.5 Put / Sold 1 AMZN 10/04/2024 182.5 Put at $0.64 Diagonal Credit
Sold 1 CVS 10/04/2024 67/64 Bear Call Spread at $0.44 Credit
Sold 1 VXX 10/04/2024 66/56 Bear Call Spread at $0.64 Credit
Monday Puts
Sold 1 AVGO Oct 04 2024 150 Put at $0.06
Sold 1 TQQQ Oct 04 2024 58.5 Put at $0.06
Sold 1 NKE Oct 04 2024 72 Put at $0.06
Sold 1 OXY Oct 04 2024 46.5 Put at $0.09
Sold 1 DVN Oct 04 2024 36.5 Put at $0.13
Sold 1 NUGT Oct 04 2024 42.5 Put at $0.15
#Tiny99PercentPuts
#EveryLittleBitHelps
Not your normal Friday VIX….
VIX is Waking Up
OptionsExpiration
After rolling TQQQ Calls and VXX Calls up, here is what’s left:
Expired:
AVGO 138/172.5 Bull Put Spread
DVN 38 Put
JDST 23 Put
MU 74 Put
NUGT 38/48 Bull Put Spread
NUGT 54 Diagonal Call
CLF 13 Covered Calls
SOXS 19 Put
SOXS 18 Put
SPY 543/558 Bull Put Spread
SPY 552/562 Bull Put Spread
SPY 567 Diagonal Put
SPY 574 Diagonal Call
UPS 117/126 Bull Put Spread
TQQQ 73.5 Diagonal Call
VXX 47 Diagonal Put
VXX 40/45 Bull Put Spread
VXX 45 Diagonal Puts
Assignments:
1 TQQQ 71.0 Covered Call – vs. stock put to me at $71 Aug 1st
1 FCX 46.0 Covered Call – vs. stock put to me at $46 Jul 19th
1 DVN 39.5 Put (5% dividend payer)
VXX Calls
Rolled 1 VXX 68/48 Bear Call Spread to next week for $0.40 Credit
BOIL Covered Calls
Bought to close BOIL 09/27/2024 12.00 Covered Calls at $0.04
Sold BOIL 10/04/2024 13.50 Covered Calls at $0.23
TQQQ Calls
Bought 1 TQQQ Oct 11 2024 85 Call / Sold 1 TQQQ Oct 04 2024 76 Call at $0.84 Diagonal Credit
#OnlySpreads
VXX Long term Puts
Financing more long Jan 2025 Puts
Bought 1 VXX 01/17/2025 25.00 Put / Sold 1 VXX 10/04/2024 46.00 Put at $0.18 Credit
Bought 1 VXX 01/17/2025 26.00 Put / Sold 1 VXX 10/04/2024 46.00 Put at $0.18 Credit
Bought back to close 1 VXX 09/27/2024 46.0 Diagonal Put at $0.01 to release some margin
#VXXContango
SPY Expiration
1 SPY 580/576 Bear Call Spread
EL Stock
The revival of China really pushed this one
Bought on 09/10 at $85.00. Sold today at $101.08
#TinyBuy
SPY Puts
Sold 1 SPY 09/27/2024 558/567 Bull Put Spread at $0.28 Credit
#EveryLittleBitHelps
SPY and GLD Expirations
1 SPY 531/541 Bull Put Spread
1 SPY 558/567 Bull Put Spread – sold today
1 SPY 551/567 Bull Put Spread
1 SPY 579/571 Bear Call Spread
1 SPY 579/574 Bear Call Spread
1 GLD 248/246 Bear Call Spread
SPY 0DTE
Sold 1 SPY 09/25/2024 558/567 Bull Put Spread at $0.17 Credit
CVS
Sold 1 CVS Oct 11 2024 64.0 Covered Call at $0.30
Sold 1 CVS Oct 18 2024 64.0 Covered Call at $0.44
SOXL
Rolled my SOXL 09/27/2024 45.0 Covered Calls to SOXL 10/04/2024 45.5 Covered Calls for $0.14 Credit
TQQQ Diagonal Calls
Bought 1 TQQQ 10/04/2024 80 Call / Sold 1 TQQQ 09/27/2024 73.50 Call at $0.34 Diagonal Credit
#OnlySpreads
SPY Puts and Calls
Sold 1 SPY 09/25/2024 579/574 Bear Call Spread at $0.21 Credit – #0DTE
Sold 1 SPY 09/26/2024 580/576 Bear Call Spread at $0.19 Credit
Sold 1 SPY 09/27/2024 543/567 Bull Put Spread at $0.86 Credit
VXX long term Puts
Added some more long VXX 01/17/2025 24.00 Puts at $0.06.
#VXXContango
SPY Expiration
1 SPY 532/542 Bull Put Spread
1 SPY 547/565 Bull Put Spread
1 SPY 565 Diagonal Put
Closed 1 SPY 578/571 Bear Call Spread at $0.10. Was due to expire until 2 minutes before the close
VXX Long Term Puts
Bought VXX Jan 17 2025 24.0 Puts at $0.11, $0.10, $0.08 and $0.07
#VXXContango
MU SOXS JDST Puts
Sold 1 MU SEP 27 2024 74 Put at $0.08
Sold 1 SOXS Sep 27 2024 19 Put at $0.11
Sold 1 JDST Sep 27 2024 23 Put at $0.25
#Tiny99PercentPuts
SPY Expirations
SPY 533/543 Bull Put Spread
SPY 566 Diagonal Put
SPY 577/571 Bear Call Spread
SPY Diagonal Put
Bought 1 SPY 09/25/2024 551 Put / Sold 1 SPY 09/24/2024 565 Put at $0.18 Credit
#EveryLittleBitHelps
VXX Calls – SPY Puts
Sold 1 VXX 09/27/2024 60/50 Bear Call Spread at $0.52 Credit
Balancing the risk of the VXX Put spread from earlier today
Bought 1 SPY 09/24/2024 547 Put at $0.02 / Sold 1 SPY 09/23/2024 566 Put at $0.16 for a $0.14 Diagonal Credit.
I’ve got other Put and Call Spreads on SPY expiring today.
Sold 1 SPY 09/27/2024 552/562 Bull Put Spread at $0.83 Credit
Sold 1 SPY 09/60/2024 550/560 Bull Put Spread at $0.77 Credit
VXX Puts
Bought 1 VXX Jan 17 2025 30.0 Put / Sold 1 VXX Sep 29 2024 47.0 Put at $0.24 Credit
Financing another long term #VXXContango Put
IBIT options
SEC approves options trading for BlackRock’s iShares Bitcoin Trust (IBIT)
OptionsExpiration
SPY 460/515 Bull Put Spread
SPY 540/551 Bull Put Spread
SPY 576/571 Bear Call Spread
TQQQ 47/57 Bull Put Spread
TQQQ 48/58 Bull Put Spread
TQQQ 49/58 Bull Put Spread
TQQQ 76/71 Bear Call Spread
TQQQ 76/72.5 Bear Call Spread
TQQQ 71 Covered Call
VXX 70/57 Bear Call Spread
VXX 70/60 Bear Call Spread
VXX 46.5 Diagonal Put
VXX 46 Diagonal Put
NUGT 60/55 Bear Call Spread
NUGT 41/45 Bull Put Spread
NUGT 43 Put
UPS 115/123/132/141 Iron Condor
DLTR 56/71/74/80 Iron Condor
DLTR 80/75 Bear Call Spread
AMZN 177.5 Diagonal Put
AMZN 167.5/175 Bull Put Spread
VFC 21/19 Bear Call Spread
BBY 108/101 Bear Call Spread
BBY 109/102 Bear Call Spread
AVGO 172.5 Diagonal Call
AVGO 147 Diagonal Put
BOIL 11 Covered Calls
CLF 12.5 Covered Calls
FCX 46 Covered Call
WBA 10.5 Covered Calls
CVS 64 Covered Call
BEN 17.5 Put
EL 84 Put
MOS 24 Put
SQQQ 7.5 Put
SPY Calls and Puts
Sold 1 SPY 10/11/2024 505/535 Bull Put Spread at $0.75 Credit
Extending the Put Ladder
Sold 1 SPY 09/23/2024 577/571 Bear Call Spread at $0.52 Credit
Sold 1 SPY 09/24/2024 578/571 Bear Call Spread at $0.77 Credit
Replacing old calls lost to assignment
TQQQ Calls
Sold 1 TQQQ 09/27/2024 76/71.5 Bear Call Spread at $0.75 Credit
SPY Calls
Sold these to start making back some of my SPY loss:
Sold 1 SPY 09/20/2024 576/571 Bear Call Spread at $0.51 Credit – expires today
Sold 1 SPY 09/25/2024 579/571 Bear Call Spread at $1.67 Credit
SPY early assignments
I thought I had moved my short SPY calls out far enough to avoid assignment on the ex-date today, but the yesterday’s big 10 point move pushed them too far into the money and nuked all the remaining time premium.
Assigned on 1 SPY 09/27/2024 556 Call and on 1 SPY 09/30/2024 551 Call.
With the stock closing at $570.90 I was looking at a big loss.
Luckily I was able to cover the short stock at $567.97 in the pre-market.
Better, but not great.
SPY Puts 0DTE
Sold 1 SPY 09/19/2024 560/565 Bull Put Spread at $0.23 Credit
SPY GLD Expirations
1 SPY 518/555 Bull Put Spread
1 SPY 541/551 Bull Put Spread
Did roll a couple of call spreads out a few days (got spooked by the big surge after the announcement. One of the Bear call spreads would have expired)
1 GLD 230/234/242/246 Iron Condor
1 GLD 228/234 Bull Put Spread
SPY Puts for tomorrow
Sold 1 SPY 09/16/2024 541/551 Bull Put Spread at $0.15 Credit
Sold 1 SPY 09/16/2024 540/550 Bull Put Spread at $0.17 Credit
#EveryLittleBitHelps
SPY Puts
Extending my SPY Put ladder while premiums are high
Sold 1 SPY 09/24/2024 532/542 Bull Put Spread at $0.36 Credit
Sold 1 SPY 09/24/2024 531/541 Bull Put Spread at $0.52 Credit
SPY Puts for tomorrow
Sold 1 SPY 09/18/2024 541/551 Bull Put Spread at $0.21 Credit
SPY Expiration
1 SPY 09/17/2024 551/558 Bull Put Spread
1 SPY 09/17/2024 553/559 Bull Put Spread
1 SPY 09/17/2024 553/560 Bull Put Spread
All sold today.
#EveryLittleBitHelps
SPY Put Ladder
Sold 1 SPY 09/20/2024 540/551 Bull Put Spread at $1.03 Credit
Sold 1 SPY 09/23/2024 533/543 Bull Put Spread at $0.33 Credit
GLD TQQQ SPY Spreads
Sold 1 GLD 09/18/2024 230/234 Bull Put Spread at $0.13 Credit
Wednesday expiration
Sold 1 TQQQ 09/20/2024 76/71 Bear Call Spread at $0.57 Credit
Sold 1 TQQQ 09/20/2024 49/58 Bull Put Spread at $0.14 Credit
Sold 1 SPY 09/17/2024 553/560 Bull Put Spread at $0.25 Credit
Sold 1 SPY 09/17/2024 553/559 Bull Put Spread at $0.19 Credit
#0DTE
SPY GLD Expiration
1 SPY 536/546 Bull Put Spread
1 SPY 545/555 Bull Put Spread
1 GLD 245/241 Bear Call Spread
GLD Calls
Sold 1 GLD 09/18/2024 246/242 Bear Call Spread at $0.31 Credit
Wednesday’s expiration
VXX Spreads
Bought 1 VXX Jan 17 2025 27.0 Put / Sold 1 VXX Sep 20 2024 47.5 Put at $0.13 Credit
Bought 1 VXX Jan 17 2025 28.0 Put / Sold 1 VXX Sep 20 2024 46.5 Put at $0.05 Credit
Financing the Jan #VXXContango purchases
Sold 1 VXX Sep 20 2024 70/57 Bear Call Spread at $0.53 Credit
Offsetting the Put risk
Monday Spreads
1 AMZN 167.5/177.5 Bull Put Spread at $0.33 Credit
1 AVGO 136/148 Bull Put Spread at $0.16 Credit
Bought 1 AVGO 09/27/2024 130 Put / Sold 1 AVGO 09/20/2024 147 Put at $0.24 Credit
1 TQQQ 47/57 Bull Put Spread at $0.14 Credit
Sold 1 DLTR 80/75 Bear Call Spread at $ 0.26 Credit
Bought 1 BBY 09/27/2024 105 Call / Sold 1 BBY 09/20/2024 101 Call at $0.15 Credit
SPY Puts
Sold 1 SPY 09/16/2024 545/555 Bull Put Spread at $0.20 Credit
#EveryLittleBitHelps
NUGT GLD
Sold 1 NUGT 09/20/2024 60/55 Bear Call Spread at $0.42 Credit
Sold 1 GLD 09/16/2024 245/251 Bear Call Spread at $0.24 Credit
OptionsExpiration
CLF 16 Covered Calls
FCX 43 Covered Call
SOXL 34 Covered Calls
MOS 24 Put
HES 125 Put
HES 118 Put
AAP 35 Put
APA 23.5 Put
SPY 534 Put
SPY 570/565 Bear Call Spread
BBY 115/100 Bear Call Spread
CVS 70/64 Bear Call Spread
DLTR 76/72 Bear Call Spread
VXX 80/60 Bear Call Spread
VXX 75/57 Bear Call Spread
APA 20/23 Bull Put Spread
AVGO 130/141 Bull Put Spread
AVGO 129/137 Bull Put Spread
DG 75/84 Bull Put Spreads
HES 120/125 Bull Put Spread
HES 120/124 Bull Put Spread
NUGT 33/42.5 Bull Put Spread
Assignments:
1 TQQQ 61 Covered Call – vs stock put to me last week at $57
SPY 0-dte
Sold 1 SPY 09/13/2024 570/565 Bear Call Spread at $0.20 Credit
#EveryLittleBitHelps
SPY Expiration
1 SPY 09/12/2024 539/548 Bull Put Spread
1 SPY 09/12/2024 548 Diagonal Put
SOXL Stock
Selling the SOXL stock at $32.42 that was put to me last Friday at $28.00
The original #Tiny99PercentPut did not work as designed, but I like this result better 🙂
New SPY Put Ladder
Sold 1 SPY 09/12/2024 539/548 Bull Put Spread at $0.36 Credit – Expires today
Sold 1 SPY 09/13/2024 537/547 Bull Put Spread at $0.64 Credit
Sold 1 SPY 09/16/2024 536/546 Bull Put Spread at $0.78 Credit
Sold 1 SPY 09/17/2024 535/545 Bull Put Spread at $0.86 Credit
Stocks early today
Tiny Buys at new lows:
DVN at $40.00
NUE at $137.00
HES at $125.00
SLB at $39.00
BEN at $19.00
APA at $23.00
OXY at $50.00
#SP500 #FallingKnife
SPY Expiration
Another good day when I didn’t have to roll anything 🙂
1 SPY 528/536 Bull Put Spread
1 SPY 532/538 Bull Put Spread
SPY 560/556 Bear Call Spreads
SPY for tomorrow
Sold 1 SPY 09/11/2024 556 Call at $0.33
Sold 1 SPY 09/11/2024 538 Put at $0.17
SPY Expiration
Another rare good day when I didn’t have to roll anything 🙂
1 SPY 510/530 Bull Put Spread
1 SPY 525/540 Bull Put Spread
1 SPY 525/542 Bull Put Spread
1 SPY 546 Diagonal Put
1 SPY 559/552 Bear Call Spread
1 SPY 556/552 Bear Call Spread
GLD UPS TQQQ Calls
Sold 1 GLD 09/13/2024 240/235 Bear Call spread at $0.46 Credit
Bought 1 UPS 09/20/2024 141 Call and Sold 1 UPS 09/13/2024 132 Call at $0.25 Diagonal Credit
Sold 1 TQQQ 09/20/2024 71.0 Covered Call at $0.14
SPY Puts
Bought 1 SPY 09/11/2024 528 Put and sold 1 SPY 09/10/2024 540 Put at $$0.18 Diagonal Credit
TQQQ VXX AMZN Calls
Sold 1 TQQQ 09/13/2024 67.5/64 Bear Call Spread at $0.33 Credit
Sold 1 VXX 09/13/2024 75/57 Bear Call Spread at $0.71 Credit
Bought 1 AMZN 09/20/2024 195 Call at $0.14 and Sold 1 AMZN 09/13/2024 185 Call at $0.28 for a $0.14 Diagonal Credit
MOS SLB EL HAL Stocks
Tiny Buys
MOS at $25.00
SLB at $40.00
EL at $85.00
HAL at $28.00
All new lows
#FallingKnife
SPY Diagonal Iron Condor
Bought 1 SPY 09/11/2024 560 Call at $0.06 and 1 SPY 09/11/2024 532 Put at $0.09.
Sold 1 SPY 09/10/2024 552 Call at $0.30 and 1 SPY 09/10/2024 542 Put at $0.26
SPY HES BBY
Tuesday spreads:
Sold 1 SPY 09/11/2024 560/556 Bear Call Spread at $0.28 Credit
Sold 1 SPY 09/12/2024 563/557 Bear Call Spread at $0.44 Credit
Sold 1 SPY 09/13/2024 565/557 Bear Call Spread at $0.78 Credit
#CallLadder
Sold 1 HES 09/13/2024 120/125 Bull Put Spread at $0.38 Credit
Sold 1 HES 09/13/2024 120/124 Bull Put Spread at $0.35 Credit
Sold 1 HES 09/13/2024 118/123 Bull Put Spread at $0.44 Credit
Sold 1 BBY 09/13/2024 88/93 Bull Put Spread at $0.17 Credit
Sold 1 BBY 09/13/2024 108/100 Bear Call Spread at $0.24 Credit
Sold 1 APA 09/13/2024 20/23 Bull Put Spread at $0.14 Credit
SPY Expiration
1 SPY 500/535 Bull Put Spread
1 SPY 525/535 Bull Put Spread
1 SPY 528/539 Bull Put Spread
1 SPY 530/538 Bull Put Spread
1 SPY 531/539 Bull Put Spread
1 SPY 566/549 Bear Call Spread
1 SPY 553/549 Bear Call Spread
Finally, got a bunch of these right 🙂
Options Bistro 