Closing SPX

BTC $SPX Dec 4520/4545/4705/4730 iron condor @ 9.20. Sold for 4.10 this morning.

CAT adjustment

Rolled $CAT Dec 17 210 calls down to 200 @ 1.90 credit. Position is now a short 200 straddle with 8.66 total premium taken in. Breakevens 191.34 and 208.66.

SPX 3 day trade

Sold to open $SPX Dec 3 4520/4545/4705/4730 iron condor @ 4.10 with SPX at 4640. Short puts 13 delta, short calls 12 delta.

Omicron Overreaction?

Some food for thought: https://www.zerohedge.com/covid-19/covid-cases-south-africas-omicron-epicenter-decline-hysteria-rattles-markets

Of course part of today (and maybe a big part of it) is Powell and the Fed’s hawkish posturing about inflation.

LABU Jan

Sold to open $LABU Jan 21 30 puts @ 1.46

CAT adjustment

Rolled $CAT Dec 17 220 calls down to 210 (18 delta). Position is now 200/210 strangle with 6.76 premium taken in, breakevens 193.24 and 216.76 with the stock around 196.

Rolling AMZN

Rolled $AMZN 12/3 3420/3430/3650/3660 iron condor out to 12/31 3560/3570/3790/3800 iron condor @ .70 credit. Total credit brought in now 4.70.

Closing TQQQ Bought to close…

Closing TQQQ
Bought to close $TQQQ Nov 19 70 put @ .01

Skipping the SPX weekend trade this week

Been doing pretty well with the over the weekend bear call spreads but not really enough premium this week to make it worth the risk. Sitting this week out.

Closing Z

Taking the remaining risk off. Bought to close $Z Nov 19 60 puts @ .40. Sold for 2.25 on 11/3.

SPX expiration

$SPXW Nov 8 4725/4750 bear call spread (weekend trade). Sold for 1.40 on Friday just after the close.

Rolling up CAT

Rolled $CAT Dec 17 185 puts up to 200 puts (23 delta) for 1.78 credit. Position is now 200/220 strangle with the stock at 213.50. Total premium now 5.96.

SPX weekend trade

Was hoping for a stronger move up into the close like the last 1,000 Fridays to get more premium but this will have to do.

Sold to open $SPXW Nov 8 4725/4750 bear call spread @ 1.40, short strike 14 delta.

Closing ROKU calendar

I put this on yesterday and completely lost track of it this morning. I would have closed for a much smaller loss but this one was mostly pilot error. Sold to close $ROKU Nov5/Nov 12 300 put calendar @ 1.30. Bought for 3.59 yesterday.

Rolling AMZN

With the stock breaching the call spread, rolled $AMZN Nov 19 3190/3200/3530/3540 iron condor out to Dec 3 3420/3430/3650/3660 iron condor @ .50 credit. Total premium taken in now 4.00.

ROKU calendar

Borrowing a page from @tradelikeahawk and putting on a 1 day post earnings calendar. Bought Nov 5+Nov 12 300 put calendar @ 3.59.

Closing LABU

Bought to close $LABU Nov 19 35 puts @ .05. Sold for 1.20 on 9/29.

Closing SKLZ

Bought to close $SKLZ Nov 19 12.50 puts @ 1.55. This was a position that was rolled a couple of times:
-On 9/3 sold the Sep 17 12.50 puts @ 1.15
-On 9/15 rolled to Oct 15 for .51 credit
-On 10/15 rolled to Nov 19 for .30 credit
Total credit taken in 1.96 (.41 profit)

Closing SPX weekend trade

Bought to close $SPXW Nov 1 4630/4655 bear call spread @ .20. Sold for 2.00 Friday.

SPX weekend trade

Sold to open $SPXW Nov 1 4630/4655 bear call spread @ 2.00. Short calls around 18 delta. I will take this off early Monday on a down, flat or slightly up open.

AMZN: Adding a call spread

Sold $AMZN Nov 19 3530/3540 bear call spread @ 1.50 to create an iron condor with the 3200/3190 bull put spread I sold earlier today. Total premium now 3.50 with 10 point wide wings.

AMZN put spread

Sold to open $AMZN Nov 19 3200/3190 bull put spread @ 2.00

Closing TQQQ

Following @jsd501‘s lead and starting to close some positions.
Bought to close Nov 5 85 put @ .02. Sold for 1.55 on 9/28.

CAT post-earnings strangle

Sold 12/17 185/220 strangle @ 4.18. Puts 20 delta, calls 18 delta.

TSLA BWB

“Bought” to open $TSLA Dec 17 1300/1350/1450 broken wing butterfly (call) for 1.50 credit. No downside risk.
#TastyTradeFollow

Closing TQQQ

Bought to close $TQQQ 10/29 90 put @ .03. Sold for 1.57 on 9/28.

Expirations

Expiring today:
$LABU 10/22 49 puts
$LABU 10/22 50 puts
$SOXL 10/22 41 puts
$SPOT 10/22 240/230 bull put spread
$TQQQ 10/22 95 puts
$TQQQ 10/22 100 puts

Closing TQQQ

Taking a cue from @jsd501 and covering these for a penny if I can.
Bought to close $TQQQ Oct 22 90 put @ .01. Sold for 1.35 on 10/4.

Closing AMZN

Bought to close $AMZN Oct 29 2950/2850 bull put spread @ .16. Sold for 1.78 on 10/4.

SPX 10/20

Sold to open $SPXW Oct 20 4400/4425/4520/4550 iron condor @ 4.05. Short puts 15 delta, short calls 14 ∆.

Closing TQQQ

BTC 10/29 85 put @ .05. Sold for 1.50 on 10/4.

Closing SPX

Bought to close Oct 18 4495/4520 bear call spread @ .65. Sold for 2.80 on Friday.

Expirations for 10/15

$DOCU Oct 15 260/250 bull put spread
$SAM Oct 15 460 puts
$TQQQ Oct 15 115 puts
$TQQQ Oct 15 105 puts
$TQQQ Oct 15 100 puts
$UVXY Oct 15 30/35 bear call spread
$UVXY Oct 15 32/37 bear call spread
$UVXY Oct 15 38/48 bear call spread
$SPXW Oct 15 4365/4335 bull put spread
$SPXW Oct 15 4370/4345 bull put spread
$SPXW Oct 15 4390/4355 bull put spread

SPX weekend trade

Sold to open Oct 18 4495/4520 bear call spread @ 2.80

Rolling SKLZ

Rolled $SKLZ short Oct 15 12.50 puts out to Nov 19 12.50 puts @ .30 credit.

-Original trade was short Sep 12.50 puts on 9/3 for 1.15
-Rolled from Sep to Oct on 9/15 for .51 credit
-Today’s roll Oct to Nov for .30 credit
Total credit received 1.96
Breakeven now 10.54 with the stock at 9.04

SPX closing call spreads

Getting eaten up on these this week. Taking them off for now and will look for roll opportunities into next week. Bought to close:
$SPXW Oct 15 4450/4480 bear call spread @ 18.00
$SPXW Oct 15 4455/4485 bear call spread @ 15.75
$SPXW Oct 15 4460/4495 bear call spread @ 13.50

Closing AMAT

Bought to close $AMAT Nov 19 120 puts @ 1.69. Sold for 3.56 on 10/1.

Adding another SPX position

Sold to open $SPXW Oct 15 4335/4365/4455/4485 iron condor @ 4.05, short puts 14∆ short calls 16∆

SPX adjustment

Rolled $SPXW Oct 15 4285/4260 bull put spread up to 4370/4345 for 1.65 credit. Short puts 16∆. Paired with 4420/4445 bear call spread which is being tested this morning.

Closing BBY

Bought to close $BBY Nov 19 95 puts @ .54. Sold for 1.42 on 9/22.

SPX iron condor for Friday PM expiration

Sold $SPXW Oct 15 4260/4285/4420/4445 iron condor @ 4.15. Short puts 14∆ short calls 13∆.

Closing SPX IC

Bought to close $SPXW Oct 13 4295/4320/4450/4480 iron condor @ 5.15 for 1.05 loss (sold for 4.10 yesterday) with SPX showing weakness into the close.

New SPX IC

Sold to open $SPX Oct 15 (AM) 4250/4275/4430/4455 iron condor @ 4.15. Short puts 12∆, short calls 13∆. Expiration is Friday morning (for all intents and purposes Thursday end of day).

SPX expiration

$SPXW Oct 11 4430/4455 bear call spread expired for full profit. Sold for 2.40 on Friday at the close.

SPX 10/13

Sold $SPXW Oct 13 4295/4320/4450/4480 iron condor @ 4.10, short puts 13∆, short calls 12∆

Closing SNAP

Bought to close $SNAP Oct 15 70 puts @ .25. Sold for 1.61 on 9/21.

Expirations

$TLT Oct 8 150/155 bear call spread
$TQQQ Oct 8 110 put
$TQQQ Oct 8 115 put
$UVXY Oct 8 25/35 bear call spread

$SPXW Oct 8 4350/4375/4455/4480 iron condor. This trade was part of an adjustment from the original 4235/4260/4425/4450 iron condor I entered on Wed (10/6). After a put spread rollup and a re-centering of the strikes I was able to pretty much breakeven (.35 profit) but there were definitely some mistakes I made on this one. First and foremost, I did not take into account today’s jobs report; with a really busy day yesterday I just missed it. With SPX closing 25 points above the short puts yesterday I never would have left the position on overnight. I also would have kept the original trade on a much shorter leash since a big gap down today would have limited adjustment opportunities. The market’s muted reaction to the miss on the jobs report this morning allowed me to scratch the trade overall but I’m chalking this one up to fortuitousness rather than any great skill on my part. I’ll take it since I’ve certainly been on the other side of things when luck came into play but every trade is a learning experience, especially the mistakes. But I’m definitely glad to be out for an overall profit this week on SPX trades.

Have a great weekend everyone.

SPX Monday call spread

Trying something for this weekend. Sold Oct 11 4430/4455 bear call spread @ 2.40, short calls 15 delta. I’m more concerned with big gaps down over the weekend, not as much with big gaps up. I’m fading the idea of a 40 point gap up on Monday morning with SPX around 4391 right now. Will look to take off quickly on Monday morning. Just running some stuff through the lab 🙂

SPX closing and re-establishing

Moving the structure up and after this face-ripping rally in the SPY.
Bought to close $SPXW Oct 8 4330/4355/4425/4450 iron condor @ 13.50 (loss of 7.40)
Sold to open $SPXW Oct 8 4350/4375/4455/4480 iron condor @ 7.75

SPX roll up

Rolled $SPXW Oct 8 4260/4235 bull put spread up to 4355/4330 for 2.10 credit. Short strike 16 delta. Position is now 4235/4260/4425/4450 iron condor with 6.10 total premium taken in.

SPX expiration

$SPXW Oct 6 4165/4190/4385/4410 iron condor expiring for full profit. Sold for 4.10 on Oct 4.

SPX 3 day trade for Friday expiration

Sold to open $SPXW Oct 8 4235/4260/4425/4450 iron condor @ 4.00 with SPX at 4355. Short puts 13∆, short calls 12∆.

Closing ABBV

Bought to close $ABBV Oct 15 105 puts @ .60. Sold for 1.62 on 9/8.

AMZN put spread

Sold to open $AMZN Oct 29 2950/2940 bull put spread @ 1.78, short puts 22 delta. Earnings expected the following week.

Gartman indicator

https://www.zerohedge.com/markets/gartman-bull-market-has-ended-and-bear-market-has-begunin-earnest

You know what that means. Back the truck up and load up!

SPX 3 day trade

Sold $SPXW 10/6 4165/4190/4385/4410 iron condor @ 4.10. Short puts 12∆, short calls 11∆.

TQQQ additions

Sold to open:
$TQQQ Oct 22 90 put @ 1.35
$TQQQ Nov 19 70 put @ 1.40

Expirations

I closed just about everything early. Remaining expirations only in TQQQ:
$TQQQ Oct 1 95 puts
$TQQQ Oct 1 110 puts
$TQQQ Oct 1 120 puts

AMAT puts

Sold to open $AMAT Nov 19 120 puts @ 3.56. Stock bouncing off support, strike (28 delta) below the 200 day moving average.

Closing SPX

With the market weakness and SPX closing less than 30 points above the short strike, I’m closing this one out and taking a small loss. Bought to close $SPX Oct 1 4255/4280/4445/4470 iron condor @ 5.50. Sold for 4.40 yesterday.

Closing one of the SPX iron condors

Bought to close $SPX Sep 30 4255/4280/4435/4460 iron condor @ .20. Sold for 4.05 on 9/28

SPX expiration

$SPX Sep 29 4285/4260 bull put spread expiring. Sold for 2.10 yesterday.

LABU Nov

Sold to open $LABU Nov 19 35 puts @ 1.20

SPX 3 day trade for Friday

Sold to open $SPX Oct 1 4255/4280/4445/4470 iron condor @ 4.40. Short strikes both 13 delta.

SPX 2+ day trade

Sold to open $SPX Sep 30 (quarterlies, expires Thursday PM) 4255/4280/4435/4460 iron condor @ 4.05 with SPX around 4367. Short puts 17 delta, short calls 11 delta.

SPX 1 day trade

Sold to open $SPX Sep 29 4285/4260 bull put spread @ 2.10 with SPX at 4360

TQQQ ladder

Sold to open:
$TQQQ Oct 1 120 put @ 1.26
$TQQQ Oct 15 105 put @ 1.76
$TQQQ Oct 22 100 put @ 1.80
$TQQQ Oct 29 90 put @ 1.57
$TQQQ Nov 5 85 put @ 1.55

Nat Gas on the destruction path again

https://www.zerohedge.com/energy/natgas-chaos-takes-first-hedge-fund-victim

Closing SPX

Bought to close Sep 24 4295/4320/4475/4500 iron condor @ .85. Sold for 4.15 Wednesday. Taking it off this morning to avoid risking another Friday afternoon rally.

Closing AAPL

Bought to close $AAPL Oct 15 135 puts @ .80. Sold for 1.69 on 9/20. Over 50% of the profit realized in 2 days so I’m sticking by my rules and taking it off quickly.

BBY puts

Sold to open $BBY Nov 19 95 puts @ 1.42 with the stock at 106.72. Delta 18. Earnings not expected until after Nov expiration. Stock is trading near the bottom of its recent range. Strike price (95) is below the lowest level from January and March of 2021. IV rank 37.

Trying another SPX trade

Post-Fed announcement. Sold $SPX Sep 24 4295/4320/4475/4500 iron condor @ 4.15, short puts 15 delta, short calls 12 delta.

Taking profits on SPX iron condor

Bought to close Sep 22 4175/4200/4425/4450 iron condor @ 1.15. Sold yesterday for 4.30, capturing 73% of the premium. Decided to take the remaining risk off. Trade executed after market close (before 4:15pm ET).

SNAP puts

70 seems like good support and held up during yesterday’s selloff. STO Oct 15 70 puts @ 1.61.

SPX iron condor

Sold $SPX Sep 22 4175/4200/4425/4450 iron condor @ 4.30