Taking these off and leaving the paired synthetic shorts uncovered for potential weekend downside if there is military action in the middle east:
Bought to close $SPX Feb 27 6860 put @ .35
Bought to close $SPX Feb 27 6890 put @ 17.30
Taking these off and leaving the paired synthetic shorts uncovered for potential weekend downside if there is military action in the middle east:
Bought to close $SPX Feb 27 6860 put @ .35
Bought to close $SPX Feb 27 6890 put @ 17.30
Rolled:
$SPX Feb 26 6860 put out to Feb 27 6860 put @ 9.00 credit
$SPX Feb 26 6890 put out to Feb 27 6890 put @ 16.15 credit
Rolled Feb 25 6860 put out to Feb 26 6860 put @ 11.90 credit
Rolled Feb 25 6920 put down and out to Feb 26 6890 put @ 11.20 credit
Rolled $SPX Feb 24 6860 put out to Feb 25 6860 put @ 12.00 credit
Rolled $SPX Feb 23 6860 put out to Feb 24 6860 put @ 12.60 credit
Rolled $SPX Feb 23 6920 put out to Feb 25 6920 put @ 4.20 credit
Rolled $SPX Feb 20 6860 put out to Feb 23 6860 put @ 14.15 credit
Rolled $SPX Feb 19 6860 put out to Feb 20 6860 put @ 15.80 credit
Rolled $SPX Feb 18 6860 put out to Feb 19 6860 put @ 10.80 credit
Rolled $SPX Feb 18 6920 put out to Feb 19 6920 put @ 9.35 credit
Rolled $SPX Feb 17 6860 put out to Feb 18 6860 put @ 18.55 credit
Rolled $SPX Feb 17 6920 put out to Feb 18 6920 put @ 3.60 credit
Rolled $SPX Feb 13 6920 put out to Feb 17 6920 put @ 7.20 credit
Rolled $SPX Feb 13 6860 put out to Feb 17 6860 put @ 24.45 credit
Rolled $SPX Feb 12 6920 put out to Feb 13 6950 put @ 7.90 credit
Rolled $SPX Feb 12 6860 put out to Feb 13 6860 put @ 20.90 credit
Sold to open $SPX Feb 12 6860 put @ 9.40
Rolled $SPX Feb 10 6935 put out to Feb 11 6935 put @ 10.25 credit.
I may end up taking this off before the end of the day with the the reschedule jobs report tomorrow before the open.
Bought to close $SPX Feb 10 6850 put @ .90, taking 9.85 profit and leaving the paired LEAP short synthetic uncovered (Dec 2029 6900/6900/7300).
Rolled $SPX Feb 9 6935 put out to Feb 10 6935 put @ 8.95 credit
Rolled $SPX Feb 6 6935 put out to Feb 9 6935 put @ 6.75 credit
Rolled $SPX Feb 6 6750 put up and out to Feb 9 6780 put @ 8.70 credit
Rolled $SPX Feb 5 6925 put out to Feb 6 6925 put @ .80 credit
Took 61.50 profit on the $SPX Dec 2029 synthetic short (long 6800 puts+short 6800/7200 spread) and rolled it out a year to Dec 2030 same strikes (6800/6800/7200) for 54.00 debit.
#FuzzyLeaps
Rolled $SPX Feb 2 6900 puts up and out to 6935 puts @ 7.80 credit
Rolled $SPX Jan 30 6925 puts down and out to 2/2 6900 puts @ 9.95 credit
#FuzzyLeaps
Sold to open $SLV Jan 16 70/75 bear call spread @ .89. IV rank is 89.
Borrowing a TastyTrade idea for a downside hedge: Bought $SPX Feb 20 6575/6600/6625 put butterfly @ .35 debit.
Rolled $SPX Dec 22 6855 put up and out to Dec 23 6860 put @ 8.45 credit
https://x.com/FirstSquawk/status/1998830289087562007
Testing out the @fuzzballl SPX strategy
I’m joining Jeff and some others in trying out Fuzzy’s well-documented strategy (YouTube videos were very helpful, thanks!)
Basically, I’m looking for less stress, or maybe more accurately less need to constantly watch my screen during the trading day monitoring 0DTE SPX trades. I’ve been profitable selling put and call spreads over the last couple of years but the volatility creates big up and down weeks which require a lot of maintenance as many here have talked about.
After careful review of the strategy I decided to put a 1 lot out there and watch it closely, and get into the rhythm of the daily rolls. I’ll run this parallel to my existing trades for a while and at some point I will look to jump to the @fuzzballl‘s LEAP strategy exclusively if I can create close to the income I’m currently generating. Life is too short LOL.
So here is my first pilot position:
A little while ago, with SPX around 6640-
Bought Dec 2029 LEAP 6600/6600/7000 @ 460.25
Sold Nov 24 6590 put at the expected move @ 7.90
I’ll obviously be watching closely and tracking all the trades carefully to monitor cost basis reduction.
Thank you Fuzzy for sharing all of this info with us, in the forum daily and on YouTube. I hope my decision to enter doesn’t cause the market to go into a tizzy. I know we all have that power around here. 😀
Due to government shutdown
(in case someone hasn’t already mentioned it)
25% pullback over the last week and now a bounce back up above the 50DMA. Sold to open Sep 19 130/120 bull put spread @ 1.17.
Sold to open a $NFLX Aug 29 1090/1100/1320/1330 iron condor @ 2.50, short strikes 16 delta
Bought to close $AMZN Apr 25 190 puts @ 2.63
Original sale (Apr 4 190 puts) + roll out to Apr 25: 4.36 credit
Profit: 1.73
Mopping up the wreckage:
$AMZN Apr 17 205 put:
Accumulated credit: 3.31
Assigned @ 205.00/covered for 173.38 = 31.62 debit
Rolled to May 16 205 put, sold for 31.95
Position is now directional/in the money May 16 short 205 put with total credit 3.64 (breakeven 201.36)
$AMZN Apr 17 170 put expired for full profit (1.20)
$UVXY Apr 17 25/35 bear call spread:
Sold for 1.20 credit
Assigned short calls/took full loss on call spread: 10.00 debit
Net loss 8.80
Waiting until Monday to reinitiate a replacement position
$UVXY Apr 17 30/40 bear call spread
Sold for 1.56 credit
Bought 30 calls @ 5.85 debit
Net loss 4.29
Waiting until Monday to reinitiate a replacement position
Sold $UVXY Jun 20 65/75 bear call spread @ 1.80
Worden T2108 (% of stocks above the 40 day moving average) currently at 7.61, was as low as 6.56 intraday.
Rolled $AMZN Apr 4 190 puts out to Apr 25 190 puts @ 3.10 credit.
Total credit in position: 4.36
$AMZN Apr 4 200 puts were assigned overnight. Sold the stock and rolled out to 4/25 200 puts for 1.11 credit.
Total credit in position: 3.35
Sold to open $UVXY May 16 25/35 bear call spread @ 1.38
Rolled $AMZN Mar 28 200 puts out 1 week to Apr 4 200 puts @ 1.09 credit.
Total credit taken in now 2.24.
$AAPL Mar 21 210 puts
$AMD Mar 21 95 puts
$AMZN Mar 21 230 calls (covered)
$GLD Mar 21 265 puts
$SPY Mar 21 560 puts
$TSLA Mar 21 240 puts
$UVXY Mar 21 25/35 bear call spreads
Sold to open $UVXY Apr 17 30/40 bear call spread @ 1.56
Sold to open Apr 17 170 put @ 1.20
Ladder is now:
Mar 21 205 put
Mar 28 200 put
Apr 4 190 put
Apr 17 195 put
Apr 17 170 put
Sold to open $UVXY Apr 17 25/35 bear call spreads @ 1.20
Sold $PLTR Apr 17 75/65 bull put spread @ 1.38
Sold $AMZN Apr 4 190 puts @ 1.26.
Ladder is now
Mar 21 205 puts
Mar 28 200 puts
Apr 4 190 puts
Sold to open $AMZN Mar 28 200 puts @ 1.15, adding a rung to create a ladder with Mar 21 205 puts sold on 2/7.
Sold to open $TSLA Mar 21 240 puts @ 1.45, adding a rung to create a ladder with Mar 21 260 puts sold on 2/6.
Sold to open $AMZN 3/21 205 puts @ 1.31
Sold to open $TSLA Mar 21 260 puts @ 1.41
Sold to open $AMD Mar 21 95 puts @ 1.19
Sold to open $AAPL Mar 21 210 put @ 2.11
Sold to open $NVDA Feb 21 100 put @ 1.33
Sold to open $UVXY March 21 25/35 bear call spread @ 1.21
Sold to open $UVXY Feb 21 25/35 bear call spreads @ 1.13-1.18
Sold to open $UVXY Jan 17 25/35 bear call spreads @ 1.35-1.40
Well that was quick. 2 hours of martial law and it’s over. Selling some premium into the bounce: Sold to open Jan 17 50 puts @ 1.33.
Sold to open $ASML Nov 15 660 put @ 10.32, 20 delta
Sold to open:
$NVDA Oct 4 90 put @ 1.44
$NVDA Oct 18 86 put @ 1.49
Strikes are below the swoon on August 5.
Sold to open $UVXY Sep 20 30/40 bear call spread @ 1.40
Bought to close $CRWD 8/30 240/230 bull put spread @ 1.88 for a minimal loss (sold for 1.78 in July).
Sold $SPX Aug 5 4960/4925 bull put spread @ 3.05
Sold to open $CRWD 8/30 240/230 bull put spread @ 1.78
Sold to open $CRWD 8/30 240/230 bull put spread @ 1.78
Theory is that the stock will pin at 1200 at the close today. Sold to open $NVDA Jun 7 1195/1200/1205 iron fly @ 4.50. Risking .50.
Have frozen due to some error, apparently. Has been about an hour (started at 10:42 ET).
With crazy high volatility in silver right now, sold to open $SLV June 21 25/28/32/35 iron condor @ .96. Premium around 1/3 the width of the strikes.
Taking 70% of the available profit on this quick trade. Bought to close $TTD Mar 15 95/100 bear call spread @ .27. Sold for .90 on Feb 16.
After the post-earnings pop at the open, the stock has backed off its highs and is in the low part of the range. Selling a call spread with the short strike above today’s high. Sold $TTD Mar 15 95/100 bear call spread @ .90.
Bought to close $CELH Feb 16 48.33 puts @ .16. Sold for 1.29 on 1/19.
Again.
Rolled 2/16 1420 put up to 2/16 1590 put @ 10.63 credit. Total premium from all rolls is now 91.60, so breakeven now 1498.
Down over 10% this morning. Sold $CELH 2/16 48.33 puts @ 1.29.
Bought to close $ULTA Feb 2 500/510 bear call spread @ .60, taking position off for 70% of the available profit. Sold for 2.00 on 12/22.
With the expiration coming up on Friday and the stock around 68.50 and drifting down over the last week I took the position off for a profit and taking the risk off.
Bought to close $ARM Jan 19 67 puts @ .67. With a previous rollup total premium taken in was 2.38. Overall profit 1.71.
With the short puts pretty well in the money, I decided to play a bounce at the 50 DMA and roll $UPST Jan 19 40 puts out to Feb 16 40 puts @ 2.22 credit, total premium taken in with this roll is 4.60.
With the stock breaching the short put strike, I rolled $COIN Jan 19 135/145/230/240 iron condor out to Feb 16 120/130/165/175 iron condor @ .36 credit.
Original trade from 12/29.
Rolled $SNOW Jan 19 190 puts out to Feb 16 190 puts @ 4.24 credit. Total premium now 29.23 on the put sales and rolls so if I’m assigned at 190 my basis will be around 161.
Sold to open $NFLX Feb 16 415/405 bull put spread @ 1.47, short puts 17 delta. Earnings are 1/23 so I will be closing this before then.
Sold to open $COIN Jan 19 135/145/230/240 iron condor @ 2.34. Short strikes around 15 delta.
Sold to open $UPST Jan 19 40 puts @ 2.38