#smallbuy
#dividends
BOT CONY @19.83
BOT NVDY @25.81
BOT SPYI @49.59
BOT QYLD @17.28
———
#rolling
SOLD TQQQ 2 AUG 24/26 JUL 24 67.5 PUT @1.49
———–
SOLD to close half of spread TQQQ 26 JUL 2024 65.5 PUT @1.45
BOT TSLA 26 JUL 2024 205/200 PUT @.09
————
#optionsexpiration
52 call soxl
Category Archives: Uncategorized
OptionsExpiration
EXPIRED
CMG 42.4/47.2 Bull Put Spread
CRWD 210/220 Bull Put Spread
DXCM 55/60 Bull Put Spread
FCX 40/42.5 Bull Put Spread
LVS 35.5/38.5 Bull Put Spread
LVS 35/38 Bull Put Spread
NOC 395/412.5 Bull Put Spread
NUE 175/165 Bear Call Spread
NUE 150/155 Bull Put Spread
SCHW 72/68 Bear Call Spread
SCHW 60/63 Bull Put Spread
SOXS 18/21 Bull Put Spread
SPY 528/533 Bull Put Spread
SPY 535/540 Bull Put Spread
TQQQ 82/78 Bear Call Spreads
TSLA 300/310 Bear Call Spread
TSLA 305/315 Bear Call Spread
UPS 122.0 Diagonal Put
UPS 123.0 Diagonal Put
UPS 124.0 Diagonal Put
UPS 125.0 Diagonal Put
UVXY 35/31 Bear Call Spread
1 BOIL 15.5 Covered Call
1 SBUX 84 Covered Call
WBA 13.0 Covered Calls
ASSIGNMENTS
1 BMY 43.5 Covered Call
BMY 44.0 Covered Calls
BMY 44.5 Covered Calls
1 BMY 45.0 Covered Call
1 SCHW 66.0 Covered Call
1 SQQQ 9.0 Covered Call
Bungee Jump Time???
SPX 0-dte trades 7/26/24
#SPX0dte Bought to Open $SPX July 26th 5420/5450-5455/5485 condors for -18.50 at 11:26am, sold to close at 12:06 for 20.50.
Going long has been best bet this week, although today certainly quieter than yesterday so not pressing this beyond 2 bucks. May try again in a bit when the ATM condors are cheaper and require less of a move to turn profit.
SPY Expiration
1 SPY 07/25/2024 565/553 Bear Call Spread
1 SPY 07/25/2024 533/538 Bull Put Spread
SPX trades 7/25/24
#SPX0dte Sold to Open $SPX July 25th 5330/5350-5500/5520 condors for 1.35, IV 29.61%, deltas -.06 +.07
A 150-pt spread and now that data caused only minor movement we might have a quieter day than yesterday.
I didn’t post yesterday because I was experimenting with a bearish bias. I lost a bit with an overnight short condor, fortunately getting a little bump higher at the open that allowed me to get out. Then I BOUGHT the ATM tight condor for 18.50, and later closed it for 22.50. Could have let it expire and gotten 30. I also made a couple more bucks by buying a put spread with 25 minutes before close and cashing out at expiration. A good day but a bit haphazard and off-plan. More often lately, buying rather than selling is the safer bet.
SPY
Can’t resist. Selling outside the expected move and down at the 200 day.
Sold SPY Sep 20 2024 500.0 Put @ 3.00
NVDY AMDY
BOT NVDY @26.38
BOT AMDY @14.70
UVXY Calls
Sold 1 UVXY 07/26/2024 35/31 Bear Call Spread at $0.14 Credit
#EveryLittleBitHelps
Upside Warning canceled
#VIXindicator We touched on a new low on Friday of 10.62, but it seemed like some anomaly and I thought it might be corrected. But it remains on the charts, which means the upside warning was actually canceled on that same day, when VIX hit 50% above that low, and closed that way which would have meant a Downside Warning. Now that we see the activity this week, that warning is solid.
But in any case, we just hit over 50% of the previous 11.52 low (May 23rd), so now the Upside Warning is officially canceled.
Measuring from the 10.62 low, if we close above 15.93 it will mean a downside warning.
SPY Put Ladder
Sold 1 SPY 07/24/2024 536/541 Bull Put Spread at $0.13 Credit
Sold 1 SPY 07/25/2024 533/538 Bull Put Spread at $0.24 Credit
Sold 1 SPY 07/26/2024 528/533 Bull Put Spread at $0.24 Credit
#EveryLittleBitHelps
VXX Reverse split
Effective today – 1 for 4
TSLA TQQQ
STO TSLA 26 JUL 2024 205/200 PUT @.21
STO TQQQ 26 JUL 2024 67.5/65.5 PUT @.11
SPY Expiration
SPY 535 /550 Bull Put Spread
SPY 535/551 Bull Put Spread
SPY 561/559 Bear Call Spread
SPY 560/559 Bear Call Spread
TQQQ Calls
Sold 1 TQQQ 07/26/2024 82/78 Bear Call Spread at $0.32 Credit
CRWD – Testing the waters
Sold to open $CRWD 8/30 240/230 bull put spread @ 1.78
CRWD – Testing the waters
Sold to open $CRWD 8/30 240/230 bull put spread @ 1.78
UPS Puts
Partly a disaster recovery trade
Bought 1 UPS 08/02/2024 115 Put / Sold 1 UPS 07/26/2024 124 Put at $0.54 Diagonal Credit
Bought 1 UPS 08/02/2024 115 Put / Sold 1 UPS 07/26/2024 123 Put at $0.33 Diagonal Credit
Bought 1 UPS 08/02/2024 115 Put / Sold 1 UPS 07/26/2024 122 Put at $0.28 Diagonal Credit
SPX butterfly
Taking profits. So the trade I posted a few weeks ago needed an adjustment with the market run up. At the time another butterfly adjustment was used as it was the cheapest. I will also use verticals, calendars, or diagonals. Now it is time to take profits. I typically target profits of 5-10%. Rinse and repeat.
I chose the butterfly at the time because the market makers have been manipulating the volatility between the expirations on the calendars so they don’t have to pay out on winning trades. I first noticed that as the VIX contracted and would watch the individual legs and can also see it on the algo. Anyway, by using butterfly adjustment in lower volatility they cannot mess with the IV on the legs as much. I saw this happen on the service once to the tune of 600k on expiration day. We were up over 1 million on a winning fly and they managed to crush the vol of the longer options so they only had to pay 400k by the end of the day. Lesson learned, they can’t change the IV that much in the same expiration cycle or they would have to do it to the entire option chain.
This is how I morphed it and you can see my current profits are around $1100-1300 on 10k margin. I have this exact trade in 6 different account so $1100 x 6 = $6600 in profits for about 2 weeks of “work” so not a bad payday.
The trick is not over or under adjusting. Adjust only when necessary.
SPY Trades
Sold 1 SPY 07/23/2024 559.0 Call at $0.27
Sold 1 SPY 07/23/2024 550.0 Put at $0.31
SPX 0-dte trades 7/23/24
#SPX0dte Sold to Open $SPX July 23rd 5530/5560-5565/5595 condors for 16.95, IV 20.17%
Last Night: Sold July 23rd 5480/5500-5615/5635 condors for 1.25, deltas -.08 +.06
SPY Expiration
1 SPY 537/547 Bull Put Spread
1 SPY 538/548 Bull Put Spread
1 SPY 570/556 Bear Call Spread
1 SPY 565/555 Bear Call Spread
1 SPY 559/555 Bear Call Spread
More SPY Spreads
Bought 1 SPY 07/25/2024 534 Put/ Sold 1 SPY 07/24/2024 544 Put for a $0.44 Diagonal Credit
FCX SCHW SOXL Covered Calls
Sold 1 FCX 07/26/2024 46.0 Covered Call at $0.86
Sold 1 SCHW 07/26/2024 66.0 Covered Call at $0.35
Sold 1 SOXL 07/26/2024 54.0 Covered Call at $1.20
All written against stock put to me on Friday
Monday Spreads
Sold 1 SCHW 07/26/2024 72/67 Bear Call Spread at $0.19 Credit
Sold 1 CRWD 07/26/2024 210/220 Bull Put Spread at $0.24 Credit
Sold 1 SOXS 07/26/2024 18/21 Bull Put Spread at $0.36 Credit
Sold 1 TSLA 07/26/2024 310/300 Bear Call Spread at $0.24 Credit
TQQQ Stock and Calls
So the TQQQ 71.0 put that I thought had expired last Friday got assigned anyway after the stock drifted a few cents below the strike price after hours.
Lucky Me 🙂
Sold the TQQQ stock position on the open at $73.66 !!
Also sold 1 TQQQ 07/26/2024 82/78 Bear Call Spread at $0.46 Credit.
SPY Calls
Bought 1 SPY 07/23/2024 560 Call/ Sold 1 SPY 07/22/2024 555 Call for a $0.29 Diagonal Credit
Bought 1 SPY 07/23/2024 561 Call/ Sold 1 SPY 07/22/2024 556 Call for a $0.16 Diagonal Credit
SPX 0-dte trades for 7/22/24
#SPX0dte Sold to Open $SPX 5510/5540-5545/5575 condors for 17.25, IV 21.49%, at 9:33 ET
Earnings 7/22 – 7/26
Economic Calendar 7/22 – 7/26
SGOV BIL SOXL MARA TQQQ
———
#Park some cash
BOT SGOV @100.59
BOT BIL @91.68
———-
#coveredcalls
Sto SOXL 26 JUL 2024 52/85 CALL @1.41
————-
Sell to close
half of credit spread
STC SOXL 19 JUL 2024 48 PUT @.17 credit
———-
#closing
BOT MARA 19 JUL 2024 24.5 PUT @.10
BOT TQQQ 100 19 JUL 2024 71/66 PUT @.14
—–
#stocksplits
SOLD IWMY @14.10
—
#assignment
soxl 52 put
OptionsExpiration
BMY 43.5 Covered Call
BOIL 15.5 Covered Call
BOIL 16 Covered Calls
CVS 64 Covered Call
VXX 12 Covered Calls
NKE 66/71 Bull Put Spreads
NKE 66/70 Bull Put Spread
BMY 36/39.5 Bull Put Spread
UAL 34/39 Bull Put Spread
TQQQ 66/71 Bull Put Spread (barely)
SCHW 57.5/62 Bull Put Spread (barely)
SOXL 59/55 Bear Call Spread
NUE 177.5/170 Bear Call Spread
SPY 537/547 Bull Put Spread
SPY 542/547 Bull Put Spread
SPY 543/548 Bull Put Spread
SPY 552 Diagonal Call (big, big winner)
ASSIGNMENTS:
GILD 71.0 Covered Call
FCX 46 Put
SCHW 66 Put
SOXL 53 Put
Schwab Not Working
Thanks to Crowdstrike (?) I cant close out my positions on any Schwab platform other than the new TOS. Unfortunately my accounts not moved over yet.. Not a good place to be on Friday opex!
TLT
Let’s try to triple the divvy in a week. LOL
Sold TLT Jul 26 2024 93.0 Puts @ .61
SPX
A much needed reset lower. Wouldn’t mind doing this next month too. Still have all my premium while reducing losses on the LEAPS. At some point (hopefully lower) the market will come back and take out my short put daily sales. A big rally I’ll roll back in and up (which is what happened last time).
Rolled SPX Jul 19 2024 5620.0 Puts to Aug 16 2024 5585.0 Puts @ .50 credit (9.85 total now)
Friday Spreads
Sold 1 UPS 07/26/2024 126/131 Bull Put Spread at $0.29 Credit
Sold 1 NOC 395/412.5 Bull Put Spread at $0.94 Credit
#Earnings next week
SPX 0-dte trades 7/19/24
#SPX0dte Sold to Open $SPX July 19th 5520/5550-5555/5585 condors for 19.70, IV 25.31%, at 8:15am.
No hedge trade at the moment. Looking for 10%.
SPY Expiration
1 SPY 07/18/2024 547/552 Bull Put Spread
SPY Diagonal Put
Bought 1 SPY 07/23/2024 535 Put / Sold 1 SPY 07/19/2024 549 Put at $0.52 Credit
The short expires tomorrow
LLY BUCS
$LLY BTO 8/9 840/880 Bull call spread at 17.03
Earnings 8/8 before market. Plan is to capture earnings run. If it doesn’t work I will at least lose weight since I’ll have less disposable income to eat at McDonalds.
SPY FCX Spreads
SOXL Calls
Sold 1 SOXL 07/19/2024 59/55 Bear Call Spread at $0.24 Credit.
Trying to offset some of the pain of my SOXL put positions
Market finally woke up from…
Market finally woke up from it’s several month binge. I really hate one way markets. Much easier to trade bi-directional markets when income trading.
LVS Puts
Sold 1 LVS 07/26/2024 35.5/38.5 Bull Put Spread at $0.30 Credit
#Earnings next week
VXX Long Term Puts
Bought VXX Jan 17 2025 6.0 Puts at $0.10
Bought VXX Jan 17 2025 5.0 Puts at $0.03
#VXXContango
CLF Calls Rolled
Bought to close CLF 07/19/2024 17.0 Covered Calls at $0.02.
Sold to open Sold CLF 08/02/2024 17.5 Covered Calls at $0.21
TSLA Calls Closed
Bought to close 2 TSLA 07/19/2024 315/300 Bear Call Spreads at $0.01.
Sold on Monday at $0.28 and $0.56.
SPX
Rolling on the early bounce just in case it doesn’t last.
Rolled SPX Jul 18 2024 5625.0 Puts to Jul 19 2024 5620.0 Puts @ 2.00 credit (9.35 total now)
SPX 0-dte trades 7/18/24
#SPX0dte So after two days out of three with the long trade doing nicely and the short one doing poorly, I decided to only buy the hedge long condor last night and wait for morning for the short.
Last night, bought to open $SPX July 18th 5500/5520-5670/5690 condors for 1.05, deltas -.05 +.05.
This was pretty wide and a nice condor to SELL, or even a strike or two tighter in. Sure enough it is down to about .60 now. But still there for a hedge in case we get a big bounce or collapse. Looking to enter ATM after the open, unless we swing wildly from 8:30 data.
TQQQ,
I covered all my $70 put options and took a hit but am still good on the year. I did not see this comming but that happens.
SPX
I’ll give it another day before rolling further out.
Rolled SPX Jul 17 2024 5630.0 Puts to Jul 18 2024 5625.0 Puts @ .50 credit (7.35 total now)
MARA YMAG YMAX
#shortputs
STO MARA 19 JUL 2024 24.5 PUT @.34
———-
#ONSALE
#dividends
#exdivday
BOT YMAG @20.36
BOT YMAX @19.38
Closing DJT Spread
Bought to close 1 DJT 07/19/2024 70/65 Bear Call Spread at $0.01. Sold on Monday at $0.28
Wednesday Spreads
Sold 1 SOXL 07/19/2024 48/52 Bull Put Spread at $0.28 Credit (too early)
Sold 1 SOXL 07/19/2024 46/50 Bull Put Spread at $0.23 Credit
Sold 1 SCHW 07/19/2024 60/63 Bull Put Spread at $0.23 Credit (way too early)
Sold 1 SCHW 07/19/2024 57.5/62 Bull Put Spread at $0.28 Credit
Sold 1 TQQQ 07/19/2024 68/73 Bull Put Spread at $0.33 Credit (also too early)
Sold 1 TQQQ 07/19/2024 66/71 Bull Put Spread at $0.23 Credit
SOXL Put
Sold 1 SOXL Jul 19 2024 53.0 Put at $0.19 (I was really, really too early)
#EveryLittleBitHelps
NVDA
Adding one.
Sold NVDA Aug 16 2024 110.0 Put @ 2.50
BMY Covered Call
Closed 1 BMY 07/19/2024 43.5 Covered Call at $0.01
Replaced it with 1 BMY 07/26/2024 44.5 Covered Call at $0.16.
#Earnings on July 26th
SPY Expiration
1 SPY 07/16/2024 544/557 Bull Put Spread
1 SPY 07/16/2024 548/558 Bull Put Spread
1 SPY 07/16/2024 549/559 Bull Put Spread
ZION Stock
Sold most of my tiny position in ZION at $49.01, $50.01 and $50.15.
#FormerFallingKnife
SPX 0-dte trades for 7/17/24
#SPX0dte Sold to open $SPX July 17th 5630/5660-5665/5695 condors for 17.05, IV 12.67%, at 11:44p ET
Bought to open 5585/5605-5710/5730 condors for .95, delta -.05 +.04
SPX
Another round. Selling tomorrow at half the expected move. Not much in the way of data tomorrow but unemployment on Thur.
Existing positions after a few credit rolls:
Bought to Close SPX Jul 16 2024 5620.0 Puts @ .60 (sold for 45.25)
New position sold yesterday:
Bought to Close SPX Jul 16 2024 5620.0 Put @ .60 (sold for 7.50)
And:
Sold SPX Jul 17 2024 5630.0 Puts @ 6.85
TLT
Changed my mind already. Big run today I’ll reload the covered calls out in Aug. Wouldn’t mind these taking some heat. Might be an issue with a surprise July cut but I’m betting not.
Sold TLT Aug 16 2024 97.0 Calls @ .43
TLT
Getting the stock uncovered and taking the gains on the short puts. Reload puts on a pullback possibly.
Bought to Close TLT Jul 19 2024 93.5 Puts @ .29 (sold for 2.10)
Bought to Close TLT Jul 19 2024 94.0 Calls @ .40 (sold for .56)
SPX o-dte trades for 7/16/24
#SPX0dte Sold to Open $SPX July 16th 5610/5640-5645/5675 condors for 17.40, IV 13.14%, at 11:12 p ET
Also buying: 5560/5580-5690/5710 for 1.00 or 1.05 (not filled yet), deltas -.05 +.05
SPX
Added another synthetic short to hopefully take advantge of all the craziness over the next few months. When the Dec 2030s come out in Sep I may look at closing my oldest one.
Couldn’t add at the money due to a conflict in strikes with an earlier position. Went slightly in the money for less out of pocket but slightly higher margin.
Added Dec 2029 5500/5500/5900 @ 308.50 debit
Sold SPX Jul 16 2024 5620.0 Put @ 7.50
NUE Calls
Sold 1 NUE 07/19/2024 177.5/170 Bear Call Spread at $0.83 Credit
SPX
Straight roll…my favorite kind.
Rolled SPX Jul 15 2024 5620.0 Puts to Jul 16 2024 5620.0 Puts @ 5.25 credit (45.25 total now)
SPX 0-dte trades 7/15
#SPX0dte. Trying something new this week. Last night I sold the typical centered ATM condor for 16.25. But I also BOUGHT a 6-delta condor for 1.05.
My thinking is the long wide is hedge against the short narrow. This seems to be a solution to handling the wild swings we’ve been seeing.
If there is a strong move, it is likely that I would still be at a loss but a much smaller one. If there is a super strong move, some of which we have seen in recent days, it would be a 4 to 5 dollar winner at expiration, if left alone.
We did get a bullish move overnight and after open I stopped out the narrow for 18.25. Now I am watching my long calls on the wide (5670/5690) to take profits. Currently at 2.00, if I can get to 3.00 it will be breakeven for the day, profit if higher than that.
After watching today, it may have been best to stop out of the narrow before the open (could have done it for 17.00, only -.75 loss), and either let the long condor run or potentially add a new centered narrow after the open. But based on the upward action right now and the last few weeks, it has been a very directional intraday market and perhaps just buying long spreads is the only thing needed.
COIN Call
$COIN STO 7/19 250 call at $3.00
Monday Spreads and Covered Calls
Sold NKE 07/19/24 66/71 Bull Put Spreads at $0.15 and $0.25 Credits
Sold TSLA 07/19/2024 315/300 Bear Call Spreads at $0.28 and $0.56 Credits
Sold 1 DJT 07/19/2024 70/65 Bear Call Spread at $0.28 Credit
Sold 1 UAL 07/19/2024 34/39 Bull Put Spread at $0.21 Credit
Sold 1 BMY 07/19/2024 36/39.5 Bull Put Spread at $0.21 Credit
Sold 1 GILD 07/19/2024 71.0 Covered Call at $0.41
Sold CLF 07/19/2024 17.0 Covered Calls at $0.08
Sold 1 SBUX 07/19/2024 80.0 Covered Call at $0.08
Sold 1 BMY 07/26/2024 44.0 Covered Call at $0.18
Earnings 7/15 – 7/19
Economic Calendar 7/15 – 7/19
Retail Sales Tuesday morning
SPX Update
Update to SPX experiment. Here’s the original setups with date entered and cost to enter. All of these costs have already been recovered with daily sale premium. The first position is in one account and the other three are in a different account. I’m tracking those three as a combined P/L.
1. Feb 7th 5000/5000/5400 @ 225.0 debit (Dec 2027 expiration)
2. Feb 7th 5000/5000/5400 @ 283.0 debit (Dec 2028 expiration)
3. Mar 7th 5200/5200/5600 @ 360.0 debit (Dec 2029 expiration)
4. Jun 5th 5400/5400/5800 @ 202.0 debit (Dec 2027 expiration)
==============================================================
Position 1:
Cost to enter: 22500 debit
Cost to close: 3540 credit (if closed now)
Loss on LEAPS: 18960
Premium received: 41285
Gain overall: 22325
==============================================================
Positions 2,3,and 4 combined:
Cost to enter: 84500 debit
Cost to close: 47310 credit (if closed now)
Loss on LEAPS: 37190
Premium received: 86765
Gain overall: 49575
==============================================================
So if looking at it like a business:
Total Revenue: 128050
Total Costs: 56150
Net Gain: 71900
Average of 56 cents per dollar going to profit. Nice improvemnt on that last few weeks.
EDIT: Note: If these positions were all in an IRA type of account requiring full margin the current buying power hit would be 348000. That’s based on 40000 per LEAP bear call spread plus the current 5620 puts being sold against various long LEAP put positions.
TQQQ,
STO August 30, $70 puts at 1.95
HE
#rolling
#coveredcalls
#movedup and out
Sto DIAGONAL HE /12 JUL 2024/19 JUL 2024, 10 to 10.50 CALL @.15
Options Bistro 