Even within tech there is a staggering divergence – yesterday the Nasdaq hit a new record high despite more than 70% of the index closed lower on the session!

The last one for a while as I wait for my account to be moved

EXPIRED:
1 BMY 43.5 Covered Call
1 BMY 44.5 Covered Call
1 CVS 61.0 Covered Call
1 GILD 69.0 Covered Call
1 VFC 14.0 Covered Call
VXX 13.0 Covered Calls
WBA 20.5 Covered Calls
1 UPS 133.0 Put
1 AAP 59.0 Put
1 KOLD 29.0 Put
1 BOIL 27.5/23.5 Bear Call Spread
1 GME 15.5/17.5/40/42 Short Iron Condor
1 GME 15.5/25/65/70 Short Iron Condor (now completely out of GME)
1 SBUX 86/80 Bear Call Spread
VXX 11.0 Diagonal Puts
VXX 17/13 Bear Call Spreads

ASSIGNMENTS:
1 SQQQ 9.0 Put (last night)
1 PARA 11.5 Put
CLF 16.0 Puts

After making a mistake and buying back at $0.01 a SPY put that I sold as part of a diagonal spread on the same day I sold it, Fidelity put my IRA on restriction for 90 days because I couldn’t meet a $28k day trade margin call.
I’m done with them. Moving this entire account to TT

1 SPY 06/11/2024 523/528 Bull Put Spread – sold yesterday at $0.22
Flat (at least in the near term) in SPY

Sold 1 SPY 06/11/2024 523/528 Bull Put Spread at $0.22 Credit

Expired:
1 CPB 41 Put
1 CSCO 44.5 Put
1 HAL 33.5 Put
1 SLB 41.5 Put
1 PARA 11.5 Put
1 AAP 61 Put
1 KOLD 36 Put
1 BMY 43.5 Covered Call
1 BMY 45.5 Covered Call
1 BMY 47.0 Covered Call
1 BOIL 13.5/15/23/24.5 Iron Condor
1 CVS 63.0 Covered Call
1 GILD 69.0 Covered Call
1 GME 12.5/21.5/65/75 Iron Condor
1 GME 12.5/22.5/65/75 Iron Condor
1 GME 85/80 Bear Call Spread
1 VFC 14.0 Covered Call
1 VXX 16/13 Bear Call Spread
VXX 13.0 Covered Calls

Assignments:
CLF 17.0 Puts (last night)
CVS 61.0 Covered Call – stock put to me at 60 a few weeks ago
SBUX 80.0 Covered Call – stock put to me at 80 a few weeks ago

1 SPY Jun 06 2024 517/520 Bull Put Spread
The last of my current put ladder

Sold 1 GME Jun 07 85/80 Bear Call Spread at $0.23 Credit

Sold 1 GME Jun 14 2024 70/65 Bear Call Spread at $0.50 Credit

Sold GME Jun 07 2024 15/21.5 Bull Put Spreads at $0.12 Credit

1 SPY Jun 06 2024 513/521 Bull Put Spread

1 SPY 515/522 Bull Put Spread
1 SPY 511/520 Bull Put Spread

Another new ALL TIME high 😦

1 SPY 530 Diagonal Call
1 SPY 512/521 Bull Put Spread
1 SPY 516/522 Bull Put Spread
1 SPY 519/522 Bull Put Spread
1 SPY 521 Diagonal Put

Extending my Put Ladder:
Sold 1 SPY Jun 05 2024 515/522 Bull Put Spread at $0.15 Credit
Sold 1 SPY Jun 06 2024 513/521 Bull Put Spread at $0.25 Credit
Sold 1 SPY Jun 07 2024 517/520 Bull Put Spread at $0.31 Credit

Extending my Put ladder
Sold 1 SPY Jun 05/2024 514/520 Bull Put Spread at $0.22 Credit.

Also added 1 short SPY Jun 04 2024 521.0 Put at $0.13

1 SPY 06/03/2024 510/522 Bull Put Spread
1 SPY 06/03/2024 522 Diagonal Put
1 SPY 06/03/2024 520 Diagonal Put

Bought to close 1 SPY 06/03/2024 522.0 Put at $0.02. Sold 1 SPY 06/04/2024 522.0 Put at $0.29
Bought to close 1 SPY 06/03/2024 521.0 Put at $0.01. Sold 1 SPY 06/04/2024 521.0 Put at $0.19

Extending a new Put Ladder:
Sold 1 SPY Jun 04 2024 519/522 Bull Put Spread at $0.27 Credit

Not trading these but thought I would bring these to the attention of the members
MEXX down 25% today
EWW down almost 10%

The Mexican Peso experienced its worst single-day performance in four years following Claudia Sheinbaum‘s victory in the presidential election held on Sunday.

As of 08:15 a.m. in New York, the peso had dropped 3.4%, reaching 17.60 per dollar. This marks the sharpest decline since June 11, 2020, when it fell by 4.1% in a single day.

Calls
Sold to close 1 SPY 06/03/2024 528 Call and rolled it to 1 SPY 06/04/2024 531 Call at $0.86 Credit
Puts
Sold 1 SPY 06/03/2024 522 Put at $0.13
Bought 1 SPY 06/04/2024 512 Put / Sold 1 SPY 06/03/2024 522 Put for a diagonal Credit of $0.12
Bought 1 SPY 06/05/2024 511 Put / Sold 1 SPY 06/03/2024 521 Put for a diagonal Credit of $0.29
Bought 1 SPY 06/06/2024 510 Put / Sold 1 SPY 06/03/2024 520 Put for a diagonal Credit of $0.08

Bought 1 BOIL Jun 14 2024 24 Call / Sold 1 BOIL Jun 07 2024 19 Call for a diagonal credit of $0.34
Sold 1 BOIL Jun 07 2024 25/21 Bear Call Spread at $0.29 Credit

Bought 1 SBUX Jun 14 2024 86 Call / Sold 1 SBUX Jun 07 2024 83 Call for a diagonal credit of $0.18

Sold 1 CVS Jun 07 2024 61.0 Covered Call at $0.30

Sold 1 GME 06/07/2024 75/65 Bear Call Spreads at $0.25 and $0.41 Credits

Hated the last 30 minute sprint in the market, but a good week especially for GME
Expired:
BMY 47 Covered Call
BOIL 28/18.5 Bear Call Spread
BOIL 23 Diagonal Call
GILD 72/70 Bear Call Spread
GME 12.5/21.5/31/40 Short Iron Condor
GME 12.5/18.5/31/41 Short Iron Condor
GME 12/18/32/41 Short Iron Condor
GME 15.5/20/36/41 Short Iron Condor
NUE 160/165 Bull Put Spread
NVDA 1010/1020/1200/1210 Short Iron Condor
SBUX 66/75/82/85 Short Iron Condor
VXX 15/12.5 Bear Call Spreads
VXX 16/13 Bear Call Spreads
VXX 11.5/10 Bull Put Spread

Assignments:
CLF 17.5 Puts last night

Bought 1 GME 05/31/2024 42/32 Bear Call Spread at $0.01

All my remaining GME BULL Put Spreads and BEAR Call spreads for this week are expiring

Rolled my VXX May 31 2024 12.5 Puts down to VXX Jun 14 2024 12.0 Puts at $0.02 Credit
Plenty of VXX Calls and Call spreads expiring tomorrow

1 SPY 05/30/2024 530/526 Bear Call Spread – sold today at $0.12
1 SPY 05/30/2024 515/522 Bull Put Spread – sold today at $0.21
Totally out of short puts for now

1 SPY 515/523 Bull Put Spread

Sold 1 NVDA May 31 2024 1,010/1,020 Bull Put Spread at $0.26 Credit
Sold 1 SPY May 29 2024 523.0 Put at $0.31 – expires today

Sold 1 VIX Jun 05 2024 20/15 Bear Call Spread at $0.36 Credit

1 SPY 05/28/2024 518/520 Bull Put Spread
1 SPY 05/28/2024 523.0 Diagonal Put

Sold 1 GME 05/31/2024 41/36 Bear Call Spread at $0.22 Credit
Offsetting many Bull Put Spreads

Another active week
Expired:
BMY 46.5 Covered Call
BOIL 25/20.5 Bear Call Spread
BOIL 25/21.5 Bear Call Spread
CLF 19 Covered Call
CVS 58 Diagonal Call
CVS 60 Covered Call
CVS 61 Covered Call
GILD 68 Covered Call
GILD 69 Covered Call
GME 41/31 Bear Call Spread
GME 43/33 Bear Call Spread
GME 45/35 Bear Call Spread
GME 17.5/14 Bull Put Spread
GME 16.5/10 Bull Put Spread
NUE 170/162.5 Bull Put Spread
NVDA 800/805/1100/1105 Iron Condor
SBUX 82.0 Diagonal Call
SPY 521/524 Bull Put Spread
SNOW 130/135 Bull Put Spread
VFC 10 Put
VFC 15 Covered Call
VXX 12.5 Covered Calls
VXX 15/12 Bear Call Spreads

Assignments:
More than normal
SBUX 77.0 Covered Call
BMY 42.5 Put
BMY 42 Puts
CLF 18.5 Put
WBA 17 Puts

Rolled down 1 GME 05/24/2024 18.5 Put 1 GME 05/31/2024 16.0 Put at $0.12 Credit.

Sold 1 GME 05/31/2024 40/31 Bear Call Spread at $0.27 Credit
Sold 1 GME 05/31/2024 42/32 Bear Call Spread at $0.27 Credit
Sold 1 GME 05/31/2024 41/32 Bear Call Spread at $0.23 Credit

Bought to close 1 BOIL 05/24/2024 24.0 Diagonal Call at $0.01

Rolled 1 GME 05/24/2024 12/22.5 Bull Put Spread to 1 GME 05/31/2024 12.5/21.5 at $0.05 Credit

Rolled 1 long GME 05/24/2024 19.0 Put to 1 GME 06/07/2024 12.5 Put at $0.70 Credit
Rolled 1 short GME 05/24/2024 20.0 Put to 1 GME 05/31/2024 18.5 Put at $0.02 Credit

Bought to close 1 GME 47/37 Bear Call Spread at $0.01

Bought to close 1 CMG May 24 2024 3075/3100/3275/3300 Iron Condor at $.05 – Sold Monday at $5.17

1 SPY 536/533 Bear Call Spread

Until today’s move …

Market volatility (VIX) drops to its lowest level in 4 years

Bought to open 1 SPY 05/29/2024 515.0 Put at $0.25.
Bought to close 1 SPY May 23 2024 523/526 Bull Put Spread at $0.68 (originally sold at $0.45).
Sold to open 1 SPY 05/28/2024 523.0 Put at $1.12.
All in all a successful rolldown.

Rolled today’s SPY 537/529 Bear call spread to SPY 06/04/2024 536/530 Bear Call Spread at $0.02 Credit
The strong opening spooked me so I did an unnecessary rollup when I should have waited for it to expire

Then sold 1 SPY 05/23/2024 535.0 Call at $0.12 against an existing long position.

Finally, I extended my put Ladder:
Sold 1 SPY 05/28/2024 518/520 Bull Put Spread at $0.25 Credit.

Rolled 1 SBUX 05/24/2024 78.0 Diagonal Call to SBUX 05/31/2024 79.0 Call at $0.17 Credit.

Bought 1 BOIL 06/21/2024 37.0 Call / Sold 1 BOIL 05/24/2024 24.0 Call at $0.26 Credit.
The June long position allows for multiple writes

Sold 1 GME May 24 2024 47/37 Bear Call Spread at $0.22 Credit

Sold 1 SBUX May 31 2024 / May 24 2024 85/82 Diagonal Bear Call Spread at $0.18 Credit

Sold 1 VIX May 29 2024 20/15 Bear Call Spread at $0.17 Credit

1 SPY May 21 2024 525/528 Bull Put Spread – Sold yesterday at $0.28
1 SPY May 21 2024 533.0 Diagonal Call – sold yesterday at $0.37

Sold 1 NVDA May 24 2024 800/805 Bull Put Spread at $0.33 Credit

Starting a new Put Ladder:
Sold 1 SPY May 21 2024 525/528 Bull Put Spread at $0.28 Credit
Sold 1 SPY May 22 2024 524/527 Bull Put Spread at $0.49 Credit
Sold 1 SPY May 23 2024 523/526 Bull Put Spread at $0.45 Credit
Sold 1 SPY May 24 2024 521/524 Bull Put Spread at $0.38 Credit

Sold 1 GME May 31 2024 / GME May 24 2024 10/16.5 Diagonal Bull Put Spread at $0.69 Credit

Sold 1 GME May 24 2024 10/17.5 Bull Put Spread at $0.99 Credit

Sold 1 NUE May 24 2024 162.5/170 Bull Put Spread at $1.03 Credit

Sold 1 CMG May 24 2024 3075/3100/3275/3300 Iron Condor at $5.17 Credit

Sold 1 GME May 24 2024 41/31 Bear Call Spread at $0.62 Credit
Paired with some Bull Put spreads

Spreads:
SPY 506/511 Bull Put Spread ( out of SPY puts – need to reload )

CMG 3050/3100 Bull Put Spread
GME 34/30 Bear Call Spread
GME 57/53 Bear Call Spread
GME 57/55 Bear Call Spread
GME 70/62 Bear Call Spread
GME 75/70 Bear Call Spread
GME 18/20 Bull Puts Spread
GME 19.5 Diagonal put
NUE 185/180 Bear Call Spreads
NUE 185/182.5 Bear Call Spread
SBUX 80/78 Bear Call Spread
SBUX 67.5/74 Bull But Spread
UPS 149 Diagonal Put
UPS 143/148 Bull Put Spreads
UPS 155/150 Bear Call Spreads
UPS 155/152.5 Bear Call Spread

Covered Calls:
BMY 46 Call
CVS 59, 60 and 61 Calls
GILD 69 Call
SBUX 77 Call
VFC 13.5 Call
VTRS 13 Call
VXX 13 Calls
WBA 19 Call

Assignments:
NWL 8 Covered Call — stock was put to me at $7.00

I would have had one more big expiration:
CMG 3000/3070/3230/3300 Short Iron Condor but Fidelity risk management chose to cover it at 3:30 even though all sides were safely out of the money.
They spent $200.00 plus commissions to cover a worthless position

Rolled 1 SBUX 05/17/2024 77.0 Call to 1 SBUX 05/24/2024 77.0 Covered Call at $0.39 Credit

Rolled UP SBUX 05/17/2024 77.0 Calls to 1 SBUX 05/24/2024 78.0 Covered Calls at $0.23 Credit early in the day, and at $0.24 Credit much later in the day with the 77 Calls in the money

Bought 1 GME 05/17/2024 65/60 Bear Call Spread at $0.01 – sold Wednesday at $0.33

Rolled 1 long GME 05/17/2024 22.00 Put to 1 GME 05/24/2024 18.0 Put at $0.46 Credit
$1.47 profit on the old long
Hoping for a bounce to roll down the short put

Edit: rolled several profitable long puts down to next week – all for credits

Bought 1 GME May 24 2024 14.0 Put / Sold 1 GME May 17 2024 22.5 Put at a diagonal credit of $0.12

1 SPY May 16 2024 507/512 Bull Put Spread – sold at $0.37
1 SPY May 16 2024 533/531 Bear Call Spread – sold this morning at $0.42 Credit

Rolled my SPY 527 Call out to tomorrow at $0.30 Credit