#SPXcampaign STO $SPX Oct 28 2205/2230 put spreads @ 2.85 got in a little later than jeff and moved 5 pts up with SPX @ 2160. Makes this an Iron Condor with 2000/1975 put spreads 1.35 sold Sep 26.
Thanks, Jeff.
Category Archives: SPX Campaign
SPX calls sold
#SPXcampaign Sold an extra call spread above all time highs:
Sold to Open $SPX Oct 28th 2200/2225 calls for 4.50, with SPX at 2163.
SPX call spread sold
Nov wk1 SPX 2225/2250 call spread sold for $1.60 when SPX at 2161
SPX calls closed
BTC SPX Oct 7 2195/2205 for 0.20. Sold last week for 0.90.
Closing early as I don’t trust this market in either direction.
77% max profit, so what’s not to like about that anyway!
SPX puts closed
#SPXCampaign BTC $SPX Oct 14 2035/2010 puts @ .20 sold on Sep 26 @ 1.35.
The importance of Monday morning premium
#SPXcampaign On Monday in the first hour of trading, the market was down less than half a percent. I sold the Nov 4th 2235/2260 call spread for 1.40 on an uptick to 2162. 33 days until expiration.
In the first hour today, 31 days to expiration, our intraday high was just below 2162. The same spread topped out at about 80 cents.
I have seen this constantly with call spreads… Monday morning premium is highly elevated, and drops quickly by Monday afternoon. Provided there are no large moves in SPX, theta makes quick work of the premium. This is less dramatic with put spreads, and I have not tested it as much with different expirations (just the 30-35 DTE range).
This is why that I sold that call spread even though the market was down.
#SPXcampaign BTC SPX 2190/2215 BeCS…
#SPXcampaign BTC SPX 2190/2215 BeCS OCT7 2016 for 0.30 sold it on 9/30 for 3.55. Thank you Jeff for the idea
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 4th 2010/1985 put spreads for 1.45, earlier when SPX dipped to 2153.
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 14th 2220/2245 call spreads for .20. Sold for 1.60 on Sept 14th.
My order to sell a put spread was surprisingly not filled on that drop.
SPX call spreads closed
#SPXcampaign
BTC Oct 7 2200/2225 calls @ .20, STO @ 1.50 on Sep 30
BTC Oct 14 2200/2225 calls @ .20, STO @ 1.45 on Sep 19
More SPX puts closed
#SPXcampaign Bought to close $SPX Oct 20th 1975/1950 put spreads for .20. Sold for 1.30 on Sept 20th.
SPX puts closed
#SPXcampaign Bought to close $SPX Oct 14th 2025/2000 put spreads for .20. Sold for 2.10 on Sept 9th.
SPX puts closed. SVXY trade
#SPXcampaign Bought To Close $SPX Oct 7 2065/2040 put spreads @ .15, sold to open Sep 9 @ 2.15.
Sold To Open $SVXY Jan 17 45 puts @ 2.30. Thanks jsd501
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 14th 2225/2250 call spreads for .20. Sold for 1.30 on Sept 12th.
SPX calls sold
#SPXcampaign Mondays are a great day to sell the 5-week-out call spreads, even if the market is down a bit. Sold to Open $SPX Nov 4th 2235/2260 call spreads for 1.40, with SPX at 2162.
$SPX weekly iron condor
STO $SPX Nov 18 2250/2240/1980/1970 IC for 2.05.
Will again look to close at 60% max profit.
Some Trades
STO
$TWLO 10/21 55 put @ 1.03
$ETP 10/21 37 put 1.02
$FB 10/14 126 put @ 1.02
$ULTA 235/240 BUPS @1.00
$SPX 10/19 2235/2210 @ 2.10
Closed Early
Getting cowardly
$NUGT 10/21 24 put @5.20 Sold for 7.31 9/1
$SPX 2265/2240 BECS @ 89% profit
$SPX 2025/2050 BUPS @ 91% profit
$SPX 2240/2215 BECS @ 89% profit
$IBM 10/21 165 call @ 75% loss
$GOOGL 10/21 810 call @ 35% loss
Have a restful weekend
Options Expiration 9/30/16
-Expired-
$SPX 9/28 2110/2085 put spread
$SPX 9/26 2135/2110 put spread
Options Expiration 9/30/15
–Expiring —
$SPX 2185/2205 call spreads
$SPX 2210/2235 call spreads
$NUGT 16 puts
–Full Loss–
$NKE 53/55/57 iron butterfly
More calls sold
#SPXcampaign Sold to Open $SPX Oct 7th 2190/2215 call spreads for 3.50. Expire next Friday (or will be rolled if rally continues).
SPX overnighter closed
Buy to Close $SPX Sep 30 2130/2125 put spread @ .10. STO @ .25 yesterday. Short strike now above 8 ema as support but pressure from Deutsche bank, US banks plus pharma no guarantee of worthless expiration …taking risk off when I can, not when I have to! Did cover commission plus an hour at a parking meter.
SPX call spread sold
#SPXcampaign Sold to Open $SPX Oct 19th 2210/2235 call spreads for 2.10. Doing the #ReverseRoll of put spreads stopped yesterday. Unless and until yesterday’s VIX Indicator signal is canceled I am fading the rallies.
SPX put roll closed
#SPXcampaign Bought to close $SPX Oct 14th 2100/2075 put spreads for 3.35. Sold for 2.10 last Thursday. This one hit my 4.00 stop on Monday and again today, and you don’t have to tell me twice… okay, maybe you do, but you don’t have to tell me three times to get out when stops are hit.
SPX condor corrupted
#SPXcampaign Bought to close Sept 30th 2050/2030 put spreads for 4.30. Sold a couple hours ago with a call spread for 1.50. Quick loss, but that’s the risk of these short-term trades. Will look to roll.
SPX recovery mode
After the sure thing iron condor for expiration tomorrow, that is no longer a sure thing. Bought back the put spread at a loss, but thinking this could get worse. Sold another call spread for expiration tomorrow. Sold 2175/2180 for 0.50. Also sold next Friday, Oct 7 2195/2205 for 0.90.
Thought about another put spread, but a bit nervous with the downside now.
Downside Signal Fired
#Market #VIXIndicator Things suddenly look dark… DB and all banks continue dropping. After last Thursday’s Downside Warning cancelation, we have a new signal this Thursday. It takes two signals for a Warning. Next level today is 16.53.
I’m looking to exit the put side of the condor I entered earlier… immediate loss on that one!
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 28th 2020/1995 put spreads for 1.30, with SPX at 2158.
And a minute later it’s at 2153. Whoa.
SPX overnighter
#SPXcampaign Sold to Open $SPX Sep 30 2130/2125 put spread @ .25 SPX @ 2160
SPX next day condor
#SPXcampaign Sold to Open $SPX Sept 30th 2130/2150/2185/2205 iron condors for 1.50. Expire tomorrow. Thanks @rknight52 for the inspiration.
SPX taking a chance
STO Sep 30 2200/2190/2150/2140 IC for 1.00 with SPX at 2170.
Expires tomorrow.
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 28th 2235/2260 call spreads for 1.25, with SPX at 2171.
SPX call rolling
#SPXcampaign This is a partial roll of the ITM roll that’s going into its third month. At least now I am selling OTM spreads, albeit pretty close.
Sold to Open $SPX Oct 14th 2185/2210 call spreads for 7.60.
I closed a spread last week for 13.75. Sold a 2.00 put spread and now this, so 9.60 total and 4.25 more to go.
SPX iron condor
STO $SPX Nov 11 2255/2245/1990/1980 for 1.80.
43 DTE, will look to close at 50-60% max profit. This continues to be successful. Following the TT model (they close at 50%). Their iron condors have higher delta as they work at 1 SD, where these are closer to Jeff’s model of delta.
SPX call spread
STO $SPX oct 16 2220/2245 sold for $1.10
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 7th 2215/2240 call spreads for .20. Sold for 1.50 on Sept 9th.
SPX puts closed
#SPXcampaign Bought to close $SPX Oct 14th 1980/1955 put spreads for .20. Sold for 1.50 on Sept 16th.
Closed Early
BTC $NUGT 12/16 50 call @ .40 Sold in July for 21.90.
BTC $TWTR $21 10/21 covered call 10.9% return for less than month
BTC $SPX 9/30 2025/2050 BUPS @ 91% profit
SPX — another iron condor out for profit
BTC Oct 21 2240/2230/2000/1990 IC for 60% max profit.
Will continue to exit at these levels. As soon as I’m in these condors, I set the close order at 60% max profit.
SPX call spread sold
#SPXcampaign Sold to Open $SPX Oct 28th 2230/2255 call spreads for 1.30, with SPX at 2159.
SPX call spread
SPX oct wk4 2230/2250 sold for $1.20 when spx at 2158 and short delta 9.
Bought Back Early
$SPX 10/7 2265/2240 BECS @95% profit
STO $SPX Oct 14 2035/2010…
STO $SPX Oct 14 2035/2010 put spreads @ 1.35. Reloading put side of IC 1914/19145 BTC Sep 22.
SOLD SPX 100 (Weeklys) 14…
SOLD SPX 100 (Weeklys) 14 OCT 16 2045/2020 PUT @1.35
BOT SPX 100 (Weeklys) 28…
BOT SPX 100 (Weeklys) 28 OCT 16 2270/2295 CALL @.20 CBOE sold on 9/2/2016 at 1.60
BOT SPX 100 (Weeklys) 28…
BOT SPX 100 (Weeklys) 28 OCT 16 2260/2285 CALL @.25 CBOE Sold on 9/2/2016 @2.50
SPX calls spreads closed
#SPXcampaign Bought to close $SPX Oct 5th 2215/2240 call spreads for .20. Sold for 1.75 on Sept 12th.
Bought to close $SPX Sept 28th 2190/2215 call spreads for .20. Sold for 4.50 on Sept 9th.
SPX put spreads
#SPXcampaign Sold to Open $SPX Oct 28th 2000/1975 put spreads @ 1.35, with SPX @ 2151. Makes an Iron Condor with Oct 28 2245/2270 call spreads @ 1.50 STO on Sep 22. Thanks Jeff
Bought to Close $SPX Oct 7 2225/2250 cake spreads @ .20, STO on Sep 12 @ 1.60
SPX weekly iron condor
STO Nov 4 2240/2230/2000/1990 for 1.85
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 28th 2000/1975 put spreads for 1.35, with SPX at 2151.
Options Expiration 9/23/2016
Max Gain
$SPX 2250/2225 BECS
$SPX 2065/2090 BUPS (Jeff nice call)
$AMZN 747.5/762.5 BUPS (Thanks @privatetrader)
$IBB 275/282.5 BUPS
$REGN 375/390 BUPS (Thanks @fuzzballl)
$STX 35 put
$SVXY 60 put
$SVXY 45 put
$TWLO 54 put
Lost all
$TLT 138 call
Assigned
$ETE @ 17.50 Basis 17
Options Expiration 9/23/16
#OptionsExpiration It’s been a good month with the small correction backing me out of pressured call positions. But still got stuck paying up to close one yesterday that would have expired worthless today.
— Expiring w/max gain —
NUGT 18 puts
NUGT 25 and 30 calls
SPX 2090/2065 put spreads. Sold for 1.70 on Wednesday
SPX 2110/2235 call spreads. Sold for 4.75 on Sept 2nd
— Expiring w/max loss —
TLT 138 long calls
SPX ITM rolls
#SPXcampaign The Position chart is now updated.
Yesterday I had to stop out of this week’s 2165/2190 for 13.75. I didn’t get filled on attempts to roll to a new call spread. The only partial reverse-roll I got was:
Sold to Open $SPX Oct 14th 2100/2075 put spreads for 2.10.
Was hoping for more strength this morning to get a call spread… will do my best to make up the premium.
Downside Warning canceled
#VIXIndicator With today’s close below the 78.6% Fib line on the VIX chart, the downside warning is canceled.
Of the 36 VIX Indicator corrections since 2000, a canceled Downside Warning led to an Upside Warning 26 times, or 72%. An Upside Warning occurs after three consecutive closes below the 78.6 line, which currently is 13.05 on the VIX. The average time between a canceled Downside Warning and an Upside Warning is 5.7 trading days.
(For the 10 times an Upside Warning did not follow, it was an average of 16 trading days until a new Downside signal).
We are still using the VIX Aug 9th low of 11.02. The levels for new Downside signals to fire are 15.03 (25% above 2-day closing low), and 16.53 (50% above Aug 9 low).
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 20th 2050/2025 put spreads for 1.30, earlier when SPX was at 2173.
$SPX call spreads sold
#SPXcampaign – Sold To Open SPX Oct 28 2245/2270 calls @ 1.50 with SPX at 2176
SPX another iron condor closed at 60%
BTC Oct 14 2265/2255/2010/2000 IC at 60% max profit.
At these strikes probably could have held for more, but trying to stay disciplined.
SPX put spreads closed
#SPXcampaign Bought To Close Oct 14 1940/1915 put @ .15 sold on Sept 13 @ 1.35
Every time I’m almost out, they pull me back in
Well, looks like the ITM rolling goes on. Was previously able to roll my ITM call spread up to a 2165 short… It went ITM again this morning, and this close to expiration I cannot wait to see how the week will end as the spread price will increase very quickly if SPX continues to rise.
Bought to close $SPX Sept 23rd 2165/2190 call spreads for 13.75. Sold for 6.00 last week.
I will look to roll into a condor later this morning. Another week, another roll!
SPX same-week puts sold
#SPXcampaign Sold to Open $SPX Sept 23rd 2090/2065 put spreads for 1.70, with SPX at 2142. Expire in two days unless the world explodes.
SPX puts rich
#SPXcampaign Put premiums on Options expiring this Friday are pretty rich. I’m selling the Sept 23rd 2090/2065 spread… asking 1.80.
I believe today’s announcement will lead to near-term upside. But even if I’m wrong and we drop, I don’t think 2090 is in danger by Friday’s close. If I’m wrong, I will roll.
SPX calls closed
STC Sep 23 2200/2210 call spread for 66% max profit.
Closed this early as this market could jump if the Fed holds steady today. I sincerely doubt that it would get past 2200 this week, but it is possible and I’ve been burned before by trying to hold too long based on my hopes or wishes or my take on the market. The market doesn’t care what I think, so I’m gonna take the money and run!
SPX puts sold
#SPXcampaign At 12 minutes after the close, sold to open $SPX Oct 20th 1975/1950 put spreads for 1.30, on the dip in SPX below the day’s closing price.
SPX puts closed
#SPXcampaign Earlier, bought to close $SPX Sept 23rd 2040/2015 put spreads for .20. Sold for 1.40 on Aug 26th.
SPX IC closed for profit
BTC Oct 7 2260/2250/2010/2000 IC for 0.55.
This was a preset, discipline trade at 60% max profit. Had opened this about 2 weeks ago.
Will continue to exercise discipline on these iron condors and set sell orders at 60% max profit. It is working.
SPX IC
STO Oct 28 2250/2240/1980/1970 IC for 1.35
SPX trades
#SPXcampaign Sold to Open $SPX Oct 14 2220/2245 call spreads @ 1.45 – SPX @ 2152, completes SPX iron condor with 1940/1915 put spreads @ 1.35 opened on Sep 13.
Bought to Close $SPX Sept 19 2160/2165 call spreads @ .25, opened on Friday @ .35 , penetrated my 20 point comfort cushion.
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 20th 2225/2250 call spreads for 1.55, with SPX at 2148.
SPX Sold 2220/2240 spread for…
SPX
Sold Oct 14 2220/2240 spread for 2.00 yesterday, bought back for 1.00 today
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 7th 2240/2265 call spreads for .20. Sold for 1.55 on Sept 6th.
SPX calls sold for Monday expiration
Sold To Open $SPX Sept 19 2160/2165 calls @ .35, SPX at 2135
SPX puts sold
#SPXcampaign Sold to open $SPX Oct 14th 1980/1955 puts for 1.50, with SPX at 2133.
Some Trades
STO $SPX 10/5 2240/2215 BECS @ 1.20
STO $SPX 10/14 2245/2220 BECS @ 1.25
STO $NFLX 10/21 85/110 Straddle @ 3.22
STO $FOSL 12/16 21 put @.80
STO $LULU 10/21 60/65 BUPS @ 1.30
STO $AAPL 11/18 120 call (covered)
Closed Early
$SPX 9/30 2270/2245 BECS @ 83% profit
SPX call sold
#SPXcampaign Selling some extra call spreads above all time highs.
Sold to Open $SPX Oct 14th 2220/2245 call spreads for 2.30 (adding to this one at higher premium)
Sold to Open $SPX Sept 30th 2210/2235 call spreads for 1.75
SPX Call spreads
SPX STO octwk4 call 2250/2275 for $1.05
SPX STO oct16 call 2235/2260 for $1.35
when SPX at 2142
Options Bistro 