Sold 1 VFC 11/01/2024 18.5 Covered Call at $0.32
Sold 1 SOXL 11/01/2024 44.0 Covered Call at $0.07
Sold 1 MSTX 11/15/2024 15.0 Put at $0.15
@geewhiz112 Thanks for the idea
Category Archives: Uncategorized
QQQ
I took profits and closed long position at $499.19 bought the calls back @ $.64 (sold at $.80) Flat now in QQQ except for LEAPS
SNOW
Selling against synthetic stock.
Bought to Close SNOW Oct 25 2024 117.0 Calls @ .10 (sold for 3.85)
Sold SNOW Nov 01 2024 117.0 Calls @ 2.65
VXX
Selling against synthetic shorts. Staying aggressive. Plenty of nice IV to roll into during election week if needed.
Bought to Close VXX Oct 25 2024 52.5 Puts @ .14 (sold for .88, 1.30, 1.40, 4.50)
Sold VXX Nov 01 2024 53.0 Puts @ 1.59
BA
Reloading.
Sold BA Nov 15 2024 145.0 Puts @ 2.03
BA earnings
Bought to Close BA Oct 25 2024 152.5 Puts @ .05 (sold for 1.57)
SPY Puts
Sold 1 SPY 10/29/2024 557/571 Bull Put Spread at $0.16 Credit
Sold 1 SPY 10/30/2024 540/567 Bull Put Spread at $0.18 Credit
#EveryLittleBitHelps
QQQ
#CoverdCalls STO 10/25/24 QQQ 500 Calls @ $.80
Feels like I’m waving goodbye to the $496 position Put to me 10 days ago.
SPX 0-dte trades for 10/25/24
#SPX0dte Sold to Open $SPX Oct 25th 5745/5765-5865/5885 condors for 1.30, IV 18.10, deltas -.06 +.07, sold 17 minutes before the open.
COIN Call
#coveredcalls
$COIN STO 11/1 227.50 at 4.95
SPY Expiration
1 SPY 565/575 Bull Put Spread
1 SPY 564/574 Bull Put Spread
1 SPY 583 Diagonal Call
QQQ
BTO 12/18/26 430 QQQ Calls @ $119.20
TLT
Still have a synthetic stock position I’m selling against.
Bought to Close TLT Nov 01 2024 97.5 Calls @ .03 (sold for .38)
Sold TLT Nov 08 2024 95.5 Calls @ .61
HOOD Put
$HOOD STO 11/1 26.50 put at 1.15
MSTX Put
Bitcoin Bet
$MSTX STO 11/15 40 put at 5.86
TSLA earnings
I’ll take it. LOL
Bought to Close TSLA Dec 20 2024 160.0 Puts @ .58 (sold for 1.95)
TQQQ.
I rolled my November 1, $82 calls to November 8, 82 calls for a credit of .70 cents.
AVGO TQQQ TSLA NUGT SOXL
Sold 1 TSLA 10/25/2024 272.5/262.5 Bear Call Spread at $0.45 Credit
Sold 1 NUGT 10/25/2024 52/54 Bull Put Spread at $0.28 Credit
Sold 1 SOXL 10/25/2024 38/36 Bear Call Spread at $0.17 Credit
Sold 1 TQQQ 11/01/2024 58/66 Bull Put Spread at $0.54 Credit
Sold 1 AVGO 11/15/2024 130/150 Bull Put Spread at $1.04 Credit
Sold 1 AVGO 11/15/2024 132/145 Bull Put Spread at $0.87 Credit
SPX 0-dte trades for 10/24/24
#SPX0dte Sold to Open $SPX Oct 24th 5730/5750-5855/5875 condors for 1.00, IV 20.50%, deltas -.06 +.06
I waited until after open on this one since recently selling before open hasn’t given much edge.
Jobs Looked Good
U.S. Department of Labor
@USDOL
Unemployment Insurance Weekly Claims
Initial claims were 227,000 for the week ending 10/19 (-15,000).
Insured unemployment was 1,897,000 for the week ending 10/12 (+28,000).
SPY and GLD Expiration
1 SPY 597/584 Bear Call Spread
1 SPY 582 Diagonal Call
1 SPY 564/574 Bull Put Spread
1 SPY 565/573 Bull Put Spread
1 GLD 244/249 Bull Put Spread
SPX
Rolling out to next Friday. Down a little but going for extra premium.
Rolled SPX Oct 23 2024 5845.0 Puts to Nov 01 2024 5835.0 Puts @ 10.00 credit (24.60 total now)
VXX
Adding to synthetic short again. Turning into a decent sized position. A bunch of short puts sitting at 52.50 for Friday. Be nice not to have to roll again.
VXX Jan 16 2026 55/55/85 @ 15.00 debit.
And:
Sold VXX Oct 23 2024 52.5 Puts @ .88
SPY
Adding below the 200 day.
Sold SPY Dec 20 2024 520.0 Put @ 3.15
SOXL MARA
SOLD SOXL 25 OCT 24 32 PUT @.31
MARA
#rolling
SOLD – MARA 25 OCT/ NOV 1, 2024 ,18 PUT @.46
SPY Chart
SPY just broke the 10/15 low point. A close below 578.50 would be short term bearish.
Next support at 574.50
However:
Sold 1 SPY 10/28/2024 561/566 Bull Put Spread at $0.25
Sold 1 SPY 10.24/2024 565/570 Bull Put Spread at $0.28 Credit
Edit for some headlines:
AAPL Slides After Analyst Warns iPhone 16 Orders Cut By 10 Million Units
US Existing Home Sales Slump To Lowest Since 2010
CDC Unveils E.coli Outbreak In Quarter-Pounders
MCD
Just for fun. Earnings on the 29th.
Sold MCD Nov 15 2024 305/300 Bull Put Spread @ 2.60
BA
Early on this but might get a pop if the contract offer passes.
Rolled BA Oct 25 2024 152.5 Calls to Dec 20 2024 165.0 Calls @ .30 debit (3.00 total now)
SPY
Out to Dec and down at the 200 day. Looking to add lower.
Sold SPY Dec 20 2024 530.0 Put @ 3.47
QQQ
#CoveredCalls STO QQQ 10/24/24 496 Calls @ $1 credit
SPY Puts
Sold 1 SPY 10/28/2024 560/570 Bull Put Spread at $0.29 Credit
#EveryLittleBitHelps
SPX 0-dte trades for 10/23/24
#SPX0dte Sold to Open $SPX Oct 23rd 5770/5790-5880/5900 condors for 0.969, IV 15.96%, deltas -.06 +.06
SPY Expiration
1 SPY 556/568 Bull Put Spread
1 SPY 565/575 Bull Put Spread
DJT
SyntheticLong DJT 1/17/25 C/P 34 @ 0.67 Credit
NUE Puts
Bought 1 NUE Nov 01 2024 130.0 Put / Sold 1 NUE Oct 25 2024 140.0 Put at $0.42 Diagonal Credit
AVGO Calls
Sold 1 AVGO 10/25/2024 200/190 Bear Call Spread at $0.20 Credit
SPX
Be out most of the day so an early roll today.
Rolled SPX Oct 22 2024 5850.0 Puts to Oct 23 2024 5845.0 Puts @ 3.00 credit (14.60 total now)
SPY BIIB Puts
Sold 1 SPY 10/24/2024 564/574 Bull Put Spread at $0.42 Credit
Sold 1 SPY 10/25/2024 561/571 Bull Put Spread at $0.28 Credit
Sold 1 BIIB 10/25/2024 175/180 Bull Put Spread at $0.70 Credit
SPX 0-dte trades for 10/22/24
#SPX0dte Sold to Open $SPX Oct 22nd 5765/5785-5885/5905 condors for 1.05, IV 17.93%, deltas -.06 +.06
SPY Expiration
1 SPY 560/572 Bull Put Spread
1 SPY 565/575 Bull Put Spread
VXX Puts
Bought VXX Jan 17 2025 32.0 Puts at $0.19, $0.18, $0.17 and $0.16
Bought 1 VXX Jan 17 2025 33.0 Put at $0.21
BA
Setting up a synthetic covered straddle for earnings. Short 152.5 calls so adding the put side.
Sold BA Oct 25 2024 152.5 Puts @ 1.57
SPX
Roll to tomorrow and down a strike.
Rolled SPX Oct 21 2024 5855.0 Puts to Oct 22 2024 5850.0 Puts @ 2.65 credit (11.60 total now)
SPY
Starter at the 100 day. Hoping for more down at the 200 eventually.
Sold SPY Nov 15 2024 555.0 Put @ 2.90
Tiny Puts
Sold 1 DOW 10/25/2024 48.5 Put at $0.06
Sold 1 VFC 10/25/2025 17.0 Put at $0.06
Sold 1 APA 10/25/2024 24.0 Put at $0.07
Sold 1 INTC 10/25/2024 21.0 Put at $0.08
Sold 1 AAP 10/25/2024 36.5 Put at $0.09
Sold 1 HAL 10/25/2024 27.5 Put at $0.10
Sold 1 BOIL 10/25/2024 8.0 Put at $0.10
Sold 1 CNC 10/25/2024 53.0 Put at $0.11
Sold 1 LABU 10/25/2024 90.0 Put at $0.11
#EveryLittleBitHelps
Monday Spreads
Sold 1 VXX 10/25/2024 62/56 Bear Call Spread at $0.24 Credit
Sold 1 VXX 10/25/2024 70/60 Bear Call Spread at $0.18 Credit
Sold 1 TQQQ 10/25/2024 85/79 Bear Call Spread at $0.22 Credit
Sold 1 TQQQ 10/25/2024 61.5/68 Bull Put Spread at $0.18 Credit
Sold 1 NUGT 10/25/2024 51.5/55 Bull Put Spread at $0.40 Credit
Sold 1 GLD 10/23/2024 244/249 Bull Put Spread at $0.27 Credit
Sold 1 GLD 10/25/2024 242/246 Bull Put Spread at $0.11 Credit
Sold 1 SPY 10/23/2024 564/574 Bull Put Spread at $0.18 Credit
Sold 1 SPY 10/22/2024 565/575 Bull Put Spread at $0.14 Credit
SPX 0-dte trade for 10/21/24
#SPX0dte Sold top open $SPX Oct 21st 5805/5785 put spreads for .65, IV 15.86%, delta -.07
With overnight movement it looks like we could be near bottom of a swing, so I’m not going to sell a call side with such low premium when we have room to rise.
Earnings 10/21 – 10/25
Tesla, Boeing, IBM all on Wednesday
Econ Calendar 10/21 – 10/25
Significant data releases on Wed, Thur, Fri
OptionsExpiration
Rolled some AMZN, GLD, NUGT and VXX Calls up. I’m left with these that all expired
AMZN 155/180 Bull Put Spread
ASML 610/620 Bull Put Spread
ASML 630/640 Bull Put Spread
AVGO 152/165 Bull Put Spread
AVGO 160/168 Bull Put Spread
CVS 71/64 Bear Call Spread
CVS 68 Diagonal Call
CVS 69 Diagonal Call
GLD 238/243 Bull Put Spread
NUGT 38/4435 Bull Put Spread
NUGT 48/50.5 Bull Put Spread
OXY 49/51 Bear Call Spread
SOXL 25/30 Bull Put Spread
SPY 564/572 Bull Put Spread
SPY 567/577 Bull Put Spread
TQQQ 63/67 Bull Put Spread
TQQQ 63.5/68 Bull Put Spread
TQQQ 80/75 Bear Call Spread
TQQQ 85/77 Bear Call Spread
VXX 79/54 Bear Call Spread
VXX 74/57 Bear Call Spread
VXX 80/60 Bear Call Spread
CVS 56 Put
FCX 45.5 Put
LABU 100 Put
LRCX 68.5 Put
OXY 51 Put
SQQQ 7 Put
VFC 18.5 Put
VZ 41.5 Put
SOXL 46 Covered Call
SOXL 48 Covered Call
AVGO Puts
Sold 1 AVGO Oct 25 2024 157.5/167.5 Bull Put Spread at $0.36 Credit
VXX Calls
Sold 1 VXX Oct 25 2024 72/54 Bear Call Spread at $0.41 Credit
Sold 1 VXX Oct 25 2024 73/54.5 Bear Call Spread at $0.41 Credit
SPX
And finally:
Sold SPX Oct 21 2024 5855.0 Puts @ 8.50 and 9.40
SPY AIC 42 DTE trade for the day
SPX whew!
SPX Closed everything and reset to higher strikes.
Had 5 positions but one was closed quite awhile ago in a different account for a 211 point gain.
Other 4 positions:
SPX Dec 2027 5400/5400/5800 @ 202.0 debit (trade set Jun 05 2024)
SPX Dec 2028 5000/5000/5400 @ 283.0 debit (trade set Feb 08 2024)
SPX Dec 2029 5200/5200/5600 @ 360.0 debit (trade set Mar 07 2024)
SPX Dec 2029 5500/5500/5900 @ 308.0 debit (trade set Jul 15 2024)
Dec 2027 closed for 95.0 credit
Dec 2028 closed for 63.0 credit
Dec 2029 closed for 179.0 credit
Dec 2029 closed for 260.0 credit
Math:
Net loss on LEAPS:
-556.0
Total premium received from daily sales:
1087.0
Net gain on all positions combined:
531.0 (or 132.75 average per position all being rolled into the cost of the new positions)
Moral of the story:
This crazy experiment has given me great data for the future. It’s possible to have really good profits shorting SPX in a crazy up market due to more than offsetting the rise with daily put sales. A flat to slightly descending market would be fantastic. (it can’t go up forever! LOL)
For simplicity I’ve reset everything to just 2028 and 2029 all at the same strikes.
SPX Dec 2028 5800/5800/6200 @ 288.0 debit (trade set Oct 18 2024)
SPX Dec 2029 5800/5800/6200 @ 355.0 debit (trade set Oct 18 2024)
With 2 of each of these the total debit is 1286.0 minus the 531.0 profits the cost has already been greatly reduced to 188.75 per position. Daily sales will reach the bottom line much quicker now. We’ll call it my #SPXsnowball 🙂 🙂 🙂
SPX
Last trade with my current positions. Reset everything to higher strikes. Took the profits and rolled them into the costs of the new positions. Detailed post coming on that later.
Bought to Close SPX Oct 18 2024 5850.00 Puts @ 1.00 (sold for 50.55)
BITO
#CoveredCalls STO BITO 11/15/24 $21 @ .50 Credit
RDDT
#CoveredCalls STO RDDT 11/15/24 $90 @ 2.99 Credit
Selling these against my LEAPS position
ASML short put
Sold to open $ASML Nov 15 660 put @ 10.32, 20 delta
Harvesting profits on the asymmetric…
Harvesting profits on the asymmetric iron condors. Have these in RUT, SPY, SPX, and SMH. Most were placed about 3-4 weeks ago. Now closing and resetting. about $1200-1300 profits per trade and closing 6 of them today.
Here’s what they look like
VXX Long Term Diagonal Put Spread
Bought 1 VXX Jan 17 2025 31.0 Put at $0.21 – 90 days to expiration
Sold 1 VXX Oct 25 2024 49.5 Put at $0.28 – 7 days to expiration
In addition, I sold 1 VXX Oct 25 2024 49.0 Put at $0.16 against other Jan 2025 long puts
BA SNOW SPX VXX XBI XLU
A few.
BA: Rolling into earnings. Sold against synthetic stock.
Rolled BA Oct 18 2024 150.0 Calls to Oct 25 2024 152.5 Calls @ 1.20 credit (3.30 toal now)
SNOW: Sold against synthetic stock.
Rolled SNOW Oct 18 2024 115.0 Calls to Oct 25 2024 117.0 Calls @ .10 debit (3.80 total now)
SPX: Still working it. 5850 short puts for today’s expiration.
VXX: Sold against synthetic short stock.
Rolled VXX Oct 18 2024 53.0 Puts to Oct 25 2024 52.5 Puts @ .35 credit (1.30, 1.40, and 4.50 total now)
XBI: Taking nice gains early.
Bought to Close XBI Nov 01 2024 93.0 Puts @ .27 (sold for 1.30)
Bought to Close XBI Nov 15 2024 90.0 Puts @ .53 (sold for 1.33)
XLU: Sold against synthetic short stock.
Bought to Close XLU Oct 18 2024 77.5 Puts @ .01 (sold for .31)
Sold XLU Nov 15 2024 78.0 Puts @ .61
TQQQ,
STO November 1, $82 calls at .61
I will cover them next week before expiration.
QQQ
#CoveredCalls STO QQQ 497 10/21/24 @ 1.07 Credit
SPX 0-dte trades for 10/18/24
#SPX0dte Sold to Open $SPX 5780/5800-5900/5920 condors for 1.10, IV 17.95%, deltas -.07 +.05
SPY Expiration
1 SPY 10/17/2024 570/580 Bull Put Spread – Sold today at $0.22
1 SPY 10/17/2024 569/574 Bull Put Spread – Sold yesterday at $0.18
AMZN
Closing synthetic longs with earnings approaching. I’ll re-load if we get a pullback.
Sold to Close AMZN Dec 18 2026 180/180/140 (and 10/18 180 short calls) @ 24.55 credit (bought for 20.35)
AVGO Puts
For next week:
Sold 1 AVGO 10/25/2024 160/170 Bull Put Spread at $0.43 Credit
RDDT
#LongCalls RDDT 1/15/27 80 CALL @ 27.46 Debit
SPY Put Ladder
Restarting these:
Sold 1 SPY 10/17/2024 570/580 Bull Put Spread at $0.22 Credit – expires today
Sold 1 SPY 10/18/2024 567/577 Bull Put Spread at $0.25 Credit
Sold 1 SPY 10/21/2024 565/575 Bull Put Spread at $0.35 Credit
SPX 0-dte trades for 10/17/24
#SPX0dte Sold to Open $SPX Oct 17th 5835/5865-5870/5900 condors for 15.35, IV 18.33%
TLT
Taking these early.
Bought to Close TLT Nov 01 2024 90.0 Puts @ .14 (sold for .23)
Bought to Close TLT Nov 01 2024 91.0 Puts @ .21 (sold for .34)
SPX
I’ve been rolling up all month. Might as well go out in a blaze of glory. LOL Rolling up to yesterday’s high and a little inside the expected move.
Rolled SPX Oct 18 2024 5795.0 Puts to Oct 18 2024 5850.0 Puts @ 7.00 credit (50.55 total now)
(Too early)
SPY and GLD Expirations
1 SPY 569/574 Bull Put Spread – sold at $0.14 Credit yesterday
1 GLD 238/243 Bull Put Spread – sold at $0.28 Credit on Monday
#EveryLittleBitHelps
SPX
I may close all positions and book the gains and re-center all the positions this week. We’ll see how it goes.
Rolled SPX Oct 18 2024 5775.0 Puts to Oct 18 2024 5795.0 Puts @ 3.10 credit (43.55 total now)
Options Bistro 