Bought 1 NUGT 10/25/2024 61 Call / Sold 1 NUGT 10/18/2024 54.5 Call for a $0.25 Diagonal Credit
Sold 1 VXX 10/18/2024 79/60 Bear Call Spread at $0.19 Credit
Mostly Puts
Sold 1 TQQQ 10/18/2024 63/68 Bull Put Spread at $0.18 Credit
Sold 1 AVGO 10/18/2024 152/165 Bull Put Spread at $0.17 Credit
Sold 1 SOXL 10/18/2024 25/30 Bull Put Spread at $0.23 Credit
Sold 1 NUGT 10/18/2024 48/50.5 Bull Put Spread at $0.18 Credit
Sold 1 TQQQ 10/18/2024 63.5/67 Bull Put Spread at $0.16 Credit
Sold 1 SPY 10/17/2024 569/574 Bull Put Spread at $0.18 Credit
Sold 1 SPY 10/18/2024 564/572 Bull Put Spread at $0.30 Credit
Sold 1 GLD 10/18/2024 238/243 Bull Put Spread at $0.16 Credit
Sold 1 ASML 10/18/2024 630/640 Bull Put Spread at $0.36 Credit
Sold 1 OXY 10/18/2024 49/51 Bull Put Spread at $0.21 Credit
Sold 1 ASML 10/18/2024 610/620 Bull Put Spread at $0.18 Credit
#OnlySpreads
Category Archives: Uncategorized
SPX 0-dte trades for 10/16/24
#SPX0dte Sold to Open $SPX Oct 16th 5740/5760-5865/5885 condors for 1.10, IV 18.29%, deltas -.06 +.06
Third day’s a charm? Two days straight of no econ data but still big moves and stops on this trade. Thought about going long with this instead, but I think chances are stronger that today will quiet down ahead of tomorrow’s data. But I’m ready to exit early if we start to move.
NVDY CONY CRSH TSLY AMDY FIAT
tIP BOT NVDY @24.45
tIP BOT CONY @14.21
tIP BOT CRSH @13.33
tIP BOT TSLY @11.37
tIP BOT AMDY @14.21
tIP BOT FIAT @17.75
SPY Expiration
1 SPY 10/15/2024 573/578 Bull Put Spread
Sold today at $0.18
QQQ
#Assignment QQQ 496 Puts
I’m the proud owner of a new position in QQQ Yippie!
TQQQ,
BTC October 11, $80 calls at .40 that I sold yesterday at .95 and I don’t know what is going on today.Any news?
BITO
#LongCalls BITO 1/15/27 20 @ 3.65 Debit
Looking to wait for a bit of equity in the position before selling calls against it.
SPX 0-dte for 10/15/24
#SPX0dte Sold to Open $SPX Oct 15th 5800/5820-5900/5920 condors for 1.25, IV 16.85%, deltas -.08 +.07
Waited for the open then went a bit aggressive since no overnight moves and no data releases today.
GLD Expiration
1 GLD 10/14/2024 228/236 Bull Put Spread
SOXL Covered Calls
Sold 1 SOXL Oct 18 2024 46 Covered Call at $0.09
Sold 1 SOXL Oct 25 2024 49 Covered Call at $0.12
#EveryLittleBitHelps
Monday tiny Puts
1 VZ Oct 18 2024 41.5 Put at $0.06
1 OXY Oct 18 2024 51 Put at $0.08
1 OGN Oct 18 2024 17.5 Put at $0.10
1 SQQQ Oct 18 2024 7 Put at $0.11
1 VFC Oct 18 2024 18.5 Put at $0.11
1 LABU Oct 18 2024 100 Put at $0.19
#Tiny99PercentPuts
TQQQ,
STO October 25, $80 calls at .95
SPX 0-dte trades for 10/14/24
#SPX0dte Sold to Open $SPX Oct 14th 5745/5765-5860/5880 condors for 1.10, IV 16.34%, deltas -.06 +.06
Earnings 10/14 – 10/18
Econ Calendar 10/14 – 10/18
Fairly quiet week except for Thursday with Retail Sales, Philly Fed, and ECB rate decision.
Bond market closed on Monday
TQQQ,
My October 11, $77 calls expired at zero.I will sell more on Monday.
OptionsExpiration
Some Call rolls in AVGO, AMZN, GLD, NUGT and TQQQ. Here’s what left:
Expirations:
AMZN 160/175 Bull Put Spread
AMZN 172.5/182.5 Bull Put Spread
AVGO 147/160 Bull Put Spread
AVGO 155/165 Bull Put Spread
AVGO 195/190 Bear Call Spread
CVS 69/68 Bear Call Spread
GLD 232.5/240 Bull Put Spread
NUGT 42/46 Bull Put Spread
RBLX 45/42 Bear Call Spread
SOXL 25/30 Bull Put Spread
SPY 505/535 Bull Put Spread – the last of my SPY Puts
SPY 546/564 Bull Put Spread
TQQQ 51/61 Bull Put Spread
TQQQ 56/65.5 Bull Put Spread
TQQQ 75 Diagonal Call
TQQQ 76 Diagonal Call
TQQQ 83/77 Bear Call Spreads
VXX 73/65 Bear Call Spread
VXX 80/62 Bear Call Spread
VXX 70/58 Bear Call Spread
SOXL 45 Covered Call
SOXL 46 Covered Call
BA 143 Put
MRNA 53 Put
SOXL 27.5 Put
TSLA 210 Put
Assignments:
1 CVS 64 Covered Call
1 CVS 65 Covered Call
both vs. CVS put assignments at 64.0 on 05/03/24
VXX Calls Rolled
Rolled 1 VXX 10/11/2024 74/54 Bear Calls Spread to 1 VXX 10/25/2024 74/57 Bear Call Spread at $0.51 Credit
CLF Covered Calls
Bought to close CLF 10/11/2024 13.5 Covered Calls at $0.01
Replaced them with CLF 10/18/2024 13.50 Covered Calls at $0.19
Partial Fill
Bought to close the rest of my CLF 10/11/2024 13.5 Covered Calls at $0.01
Replaced them with CLF 10/25/2024 14.0 Covered Calls at $0.20
Roll VKTX Put
#shortputs
$VKTX BTC 10/11 61 put and STO 10/18 61 put at added credit of 1.01 ($2 taken in so far)
TSLA 0DTE
Sold 1 TSLA 10/11/2024 210 Put at $0.12
#EveryLittleButHelps
SPY vs. VXX vs. GLD
SPY explodes to yet another new high but VXX is still hanging in there above 54. Gold is rallying too!!
Not logical 😦
AVGO Puts
Sold 1 AVGO 10/18/2024 160/168 Bull Put Spread at $0.58 Credit
Sold 1 AVGO 10/25/2024 150/162.5 Bull Put Spread at $0.70 Credit.
#Earnings not until Dec 5th
VXX Calls Rolled
Rolled this week’s VXX 80/53 Bear Call Spread to next week’s VXX 80/54 Bear Call Spread for $0.32 Credit
VXX
A few more.
Bought to Close VXX Oct 11 2024 53.0 Puts @ .05 (sold for 1.60)
Sold VXX Oct 18 2024 53.0 Puts @ .95
SPX
Sitting right at the expected move for next week and deltas starting to flip negative so rolling up to a little inside the expected move. Not a lot of data next week just retail sales and unemployment claims on Thursday.
Rolled SPX Oct 18 2024 5700.0 Puts to Oct 18 2024 5725.0 Puts @ 4.10 credit (37.00 total now)
PPI
PPI 0.0% M/M, Exp 0.1%
PPI Core 0.2% MoM, Exp. 0.2%
PPI 1.8% YoY, Exp. 1.6%
PPI Core 2.8% YoY, Exp. 2.6%
Bank earnings looked good this morning
BA
Another round. Earnings on the 23rd.
Bought to Close BA Oct 11 2024 155.0 Calls @ .05 (sold for 2.45)
Sold BA Oct 18 2024 150.0 Calls @ 2.10
SPX o-dte trades for 10/11/24
#SPX0dte Sold to Open $SPX Oct 11th 5710/5730-5825/5845 condors for 1.25, IV 18.48%, deltas -.07 +.07
SPY Expiration
1 SPY Oct 10 2024 564/570 Bull Put Spread
1 SPY Oct 10 2024 543/563 Bull Put Spread
VXX
Another round against synthetic shorts.
Bought to Close VXX Oct 11 2024 52.5 Puts @ .05 (sold for 1.45)
Sold VXX Oct 18 2024 53.0 Puts @ 1.05
VXX
Adding to synthetic short.
VXX Jan 16 2026 55/55/85 @ 15.25 and 15.00 debit.
And:
Sold VXX Oct 18 2024 53.0 Puts @ .95
SPY Puts
Sold 1 SPY Oct 10 2024 564/570 Bull Put Spread at $0.20
Sold 1 SPY Oct 11 2024 546/564 Bull Put Spread at $0.19
#EveryLittleBilHelps
SPX
Might be pushing my luck here but nothing seems to bother this market. Let’s see if that’s true for one more week.
Rolled SPX Oct 18 2024 5675.0 Puts to Oct 18 2024 5700.0 Puts @ 4.00 credit (32.90 total now)
SPX 0-dte for 10/10/24
#SPX0dte Sold to Open $SPX Oct 10th 5690/5710-5840/5860 condors for 1.20, IV 24.40%, deltas -.07 +.04
Leaning bullish on this since I feel the dip will bounce back.
CPI a bit higher than expected
US Sept. Consumer Prices Rise 0.2% M/M; Est. +0.1%, 2.4% Y/Y; Est. +2.3%
Sept. Core CPI Rises 0.3% M/M; Est. +0.2%, 2.4% Y/Y; Est. +2.3%
XBI
Adding.
Sold XBI Nov 15 2024 90.0 Puts @ 1.33
SPY and GLD Expiration
1 SPY 10/09/2024 545/566 Bull Put Spread
1 SPY 10/09/2024 533/553 Bull Put Spread
Running low on SPY Puts
1 GLD 10/09/2024 235/240 Bull Put Spread
QQQ
#ShortPuts Rolled QQQ 480 PUTS (Wed to Fri) @ 1.01 Credit
SPX
Right at the open.
Rolled SPX Oct 18 2024 5650.0 Puts to Oct 18 2024 5675.0 Puts @ 4.50 credit (28.95 total now)
TQQQ Calls
Bought 1 TQQQ 10/18/2024 85 Call / Sold 1 TQQQ 10/11/2024 77 Call at $0.28 Diagonal Credit
Downside Warning canceled
#VIXIndicator. New $SPX high means the DW is canceled. That may be the fakest headfake I’ve ever seen this indicator produce. I don’t know why $VIX is so high, but can only guess it has to do with the trader uncertainty about how fast rates will come down, which seems to be a silly fear given the strength of just about everything right now.
AVGO
Sold 1 AVGO 10/11/2024 195/190 Bear Call Spread at $0.25 Credit
Sold 1 AVGO 10/11/2024 155/165 Bull Put Spread at $0.13 Credit
VXX Puts
Bought VXX 01/17/2025 25.00 Puts at $0.07
#VXXContango
BA Put
Sold 1 BA 10/11/2024 143 Put at $0.34
VXX – late fills
Bought 1 VXX 01/17/2025 26.0 Put at $0.19
Bought 1 VXX 01/17/2025 27.0 Put at $0.19
Bought 1 VXX 01/17/2025 28.0 Put at $0.19
#VXXContango
SPX 0-dte trades for 10/9/24
#SPX0dte Sold to Open 5665/5686-5795/5815 condors for 1.00, IV 19.03%, deltas -.06 +.05
SPY Expiration
1 SPY 544/558 Bull Put Spread
1 SPY 543/558 Bull Put Spread
VXX Calls
Sold 1 VXX Oct 11 2024 80/62 Bear Call Spread at $0.46 Credit
RBLX
Trying out a new stock
Sold 1 RBLX Oct 11 2024 45/42 Bear Call Spread at $0.26
https://www.zerohedge.com/markets/pedophile-hellscape-roblox-shares-tank-after-hindenburg-alleges-inflated-metrics-rampant
VXX Long Term Puts
Bought VXX Mar 21 2025 23.0 Puts at $.20, $0.19 and $0.18
Bought 1 VXX Mar 21 2025 24.0 Put at $.25
Bought 1 VXX Mar 21 2025 25.0 Put at $.30
Bought 1 VXX Mar 21 2025 26.0 Put at $.35
Bought 1 VXX Mar 21 2025 27.0 Put at $.40
164 DTE
Bought 1 VXX Jan 17 2025 25.0 Put at $0.19
101 DTE
#VXXContango
GLD and NUGT Puts
Sold 1 GLD Oct 09 2024 235/240 Bull Put Spread at $0.26 Credit
Sold 1 GLD Oct 11 2024 232.5/240 Bull Put Spread at $0.38 Credit
Sold 1 GLD Oct 14 2024 228/236 Bull Put Spread at $0.14 Credit
Bought 1 NUGT Oct 18 2024 38 Put / Sold 1 NUGT Oct 11 2024 45 Put at $0.38 Diagonal Credit
TLT
Dumping all my covered TLT stock in case the 200 day doesn’t hold. SPAXX interest still above the TLT divvy so getting the cash back in there. Partially re-loading with put sales below the 200 day.
Sold TLT Shares @ 94.20 net (after closing short calls) basis of 89.30
Sold TLT Nov 01 2024 90.0 Puts @ .23
Sold TLT Nov 01 2024 91.0 Puts @ .34
NVDA
Bought to Close NVDA Nov 01 2024 110.0 Put @ .95 (sold for 3.42)
SPX 0-dte trades for 10/8/24
#SPX0dte Sold to Open $SPX Oct 8th 5615/5635-5760/5780 condors for 1.25, IV 22.15%, deltas -.06 +.06
Downside Warning in effect
#VIXindicator The high $VIX close on Monday was over 50% higher than the recent low of 14.90. This fires the Downside Warning. The last one fired on Sept 3rd and was only good for an additional 2% down over 4 days.
VKTX PLTR Puts
$VKTX STO 10/11 61 put at .90
$PLTR STO 10/11 38 put at .33
So here is an example…
So here is an example of what I have been working on the last few years. Has taken a while to get the structure and ratios correct. Profits develop slowly but there is a huge range that you can have profits and if you notice no risk to the upside. Also to the downside SPX has to fall another 250 points before I lose any money.
You start with a butterfly, regular or slightly broken wing butterfly. Then I go long a call to the upside so that the positions starts out delta neutral. 30 DTE. Then you let the market move. This one took and adjustment about 2 weeks ago and another last week. Theta accelerates as we get closer to expiration. Has been 4-6 k daily since Friday and as you can see I am developing profit of about 4k today. There is potential for another 11-44k if I held all the way to expiration but be aware now that Schwab is messing up TOS I usually get phone calls and multiple warnings to close the position by noon to 1 EST. Even if I have a winning position and want the “cash settled close” they will not let me hold it to market close. They will close it as a market order and you lose thousands.
Adjustments are either verticals, adjusting the short or long strikes, or in this case I added 2 calendar spreads. To the downside we can pull in the long lower put wing on the butterfly.
Here is what it looks like from the close today until expiration Friday. The trick is don’t be super greedy with these. You have a 10-70%profit take it. Don’t hold out for another 10k if you already have 23k in profits. Take the money and run. I will probably close this at 10K profits (total risk around 26k between the 10k margin and the cost of the butterfly, long call, and calendars). But if it is still dead center all week I may try carrying this one into Friday.
As soon as it closes I open the next 30 DTE cycle. Rinse and repeat, don’t have to watch the market all day, adjustments are as needed not all over the place. Have a life and make a bunch trading. The ideal trade, only time will tell 🙂 
SPY Expiration
1 SPY 525/547 Bull Put Spread
1 SPY 553/563 Bull Put Spread
1 SPY 583/576 Bear Call Spread
TQQQ Calls
Sold 1 TQQQ 10/11/2024 82/76 Bear Call Spread at $0.15 Credit
Upside Warning canceled
#VIXindicator. Afternoon surprise… despite the volatility last week the Upside Warning survived. Not today. A Downside warning will take effect if $VIX closes above 22.34.
SPY Puts
Sold 1 SPY 10/08/2024 544/558 Bull Put Spread at $0.32 Credit
QQQ
#ShortPuts QQQ 10/09/24 480 @ 1.18 Credit
Monday Spreads
Bought 1 AMZN Oct 18 2024 155 Put / Sold 1 AMZN Oct 11 2024 175 Put at $0.33 Diagonal Credit
Sold 1 AVGO Oct 11 2024 147/160 Bull Put Spread at $0.16 Credit
Sold 1 SOXL Oct 11 2024 25/30 Bull Put Spread at $0.15 Credit
Sold 1 TQQQ Oct 11 2024 51/61 Bull Put Spread at $0.14 Credit
Sold 1 VXX Oct 11 2024 80/65 Bear Call Spread at $0.34 Credit
Sold 1 VXX Oct 11 2024 80/58 Bear Call Spread at $1.14 Credit
SPX 0-dte trades for 10/7/24
#SPX0dte Sold to Open $SPX Oct 7th 5640/5660-5790/5810 condors for 1.10, IV 22.90%, deltas -.06 +.05
Earnings 10/7 – 10/11
Final earnings season of the year kicks off Friday with bank earnings.
Econ Calendar 10/7 – 10/11
Two bond auctions this week, and the big CPI on Thursday.
Expiration
#assignment
$VKTX 66 put
#optionsexpiration
$TQQQ 70 put
$ENPH 115 call
OptionsExpirations
SOXL 30 and 33 put
SOXL 45.5 call
OptionsExpiration
After a bunch of Call rolls I’m left with:
EXPIRED:
AMZN 172.5/180 Bull Put Spread
AMZN 172.5/182.5 Bull Put Spread
AMZN 197.5/187.5 Bear Call Spread
AVGO 145/155 Bull Put Spread
AVGO 150/160 Bull Put Spread
AVGO 182.5/177.5 Bear Call Spread
BBY 107/100 Bear Call Spread – finally out of BBY
BBY 106/100 Bear Call Spread
GLD 227.5/236 Bull Put Spread
NUGT 41/46 Bull Put Spread
NUGT 62/57 Bear Call Spread
SPY 543/556 Bull Put Spread
TQQQ 55/62 Bull Put Spread
TQQQ 57/64 Bull Put Spread
TQQQ 57/65 Bull Put Spread
TQQQ 80/77 Bear Call Spread
TQQQ 80/76 Bear Call Spread
TQQQ 79/75 Bear Call Spread
TQQQ 78/72.5 Bear Call Spread
VXX 46 Diagonal Puts
VXX 49 Diagonal Put
VXX 68/61 Bear Call Spread
VXX 63/58 Bear Call Spread
VXX 66/56 Bear Call Spread
AVGO 150 Put
DVN 36.5 Put
NIKE 72 Put
NUGT 42.5 Put
OXY 46.5 Put
SOXL 25 Put
TQQQ 58.5 Put
SOXL 47 Covered Call
ASSIGNMENTS:
1 DVN 40.5 Covered Call – vs.stock put to me at 39.50 last Friday
SPY Calls
Had to roll it once again – only $0.02 out of the money at 4:00
Rolled SPY 10/04/2024 580/573 Bear Call Spread to 1 SPY 10/07/2024 583/576 Bear Call Spread $0.28 Credit
SPY Puts
Starting a new Put Ladder after most of my SPY put spreads expired yesterday.
Sold 1 SPY 10/07/2024 553/563 Bull Put Spread at $0.28 Credit
Sold 1 SPY 10/09/2024 541/556 Bull Put Spread at $0.30 Credit
VXX
Got the rest finally.
Bought to Close VXX Oct 04 2024 53.0 Puts @ .05 (sold for 1.30)
Sold VXX Oct 11 2024 53.0 Puts @ 1.60
BA SPX TLT VXX
A few.
BA: Selling against synthetic stock.
Bought to Close BA Oct 04 2024 160.0 Calls @ .03 (sold for 2.70)
Sold BA Oct 11 2024 155.0 Calls @ 2.45
SPX: Roll up for a little more premium. Staying slightly long deltas but keeping some downside room.
Rolled SPX Oct 18 2024 5630.0 Puts to Oct 18 2024 5650.0 Puts @ 3.75 credit (24.45 total now)
TLT: Got the regular divvy and keeping the stock. And 6 months of divvys on the call sales. LOL
Bought to Close TLT Oct 04 2024 97.0 Calls @ .01 (sold for 2.10)
Sold TLT Oct 18 2024 97.0 Calls @ .55
VXX: Sold against synthetic short stock.
Bought to Close VXX Oct 04 2024 50.0 Puts @ .05 (sold for 1.15)…waiting on 53s to fill also.
Sold VXX Oct 11 2024 52.5 Puts @ 1.45
TQQQ
STO October 11, $77 covered calls at .47
Options Bistro 