#VIXIndicator The $VIX closed below 14.32 on Friday, ending the Downside Warning. Closes like this on Monday and Tuesday will fire an Upside Warning.
Category Archives: Uncategorized
Options Expiration
#optionsexpiration
$NVO 128 calls
$VKTX 79 calls
$CELH 77 calls
$COIN 260 calls
$VKTX 71 puts
$CELH 73 puts
$COIN 195 puts
OptionsExpiration
Another earning driven week. Huge declines in SBUX, CVS and BMY caused me to take some stock
Spreads:
SPY 485/490 Bull Put Spread
SPY 489/494 Bull Put Spread
SPY 492/497 Bull Put Spread
AMD 135/140 Bull Put Spread
BMY 41/43.5 Bull Put Spread
CMG 3035/3045 Bull Put Spread
CMG 3040/3050 Bull Put Spread
COIN 180/185/285/290 Short Iron Condor
CVNA 55/60 Bull Put Spread
DJT 60/55 Bear Call Spread
DJT 70/65 Bear Call Spread
EBAY 44/48 Bull Put Spread
HSY 170/175 Bull Put Spread
MGM 34/38 Bull Put Spread
MMM 80/85 Bull Put Spread
QQQ 411/416 Bull Put Spread
UPS 125/133 Bull Put Spread
UPS 139/143 Bull Put Spread
UPS 139/144 Bull Put Spread
UPS 160/152.5 Bear Call Spread
UVXY 50/40 Bear Call Spread
VXX 18/14 Bear Call Spreads
VXX 21/17.5 Bear Call Spreads
Covered Calls:
BMY 45 Call
BOIL 15.5 Call
CVS 57 Call
GILD 69 Cal
SBUX 90 Call
VFC 13.5 Call
VXX 13.5 Call
VXX 14.5 Calls
Assignments:
SBUX 82, 80 and 77 Puts – Div = 3.0%
CVS 64 and 60 Puts – Div = 4.8%
BMY 47.5 Put – Div = 5.5%
CMG Diagonal Call closed
Closed 1 CMG May 10 2024 3420 / CMG May 03 2024 3320 Diagonal Bear Call Spread at $0.17 Credit
Sold the spread on Monday at $2.75 Credit.
So a #WinWin
Major drop in VIX
#VIXindicator Barring an afternoon volatility spike, looks like Downside Warning will be canceled as the $VIX took a big plunge before the open on the Jobs report. This could put us in an Upside Warning as early as Tuesday’s close.
UNMA
#LONGTIME HOLD
Held since 2015/faithfully spit out 6.14% divi ,every year.
feel need to redeploy capitol.
SOLD UNMA @24.99
QQQ Puts Closed
Bought to close 1 QQQ May 06 2024 406/411 Bull Put Spread at $0.01 – sold Wednesday at $0.38
SPX 0-dte trades 5/3/24
#SPX0dte Sold to Open $SPX May 3rd 5030/5050-5180/5200 condors for 1.20, IV 27.50%, deltas -.07 +.05
April Jobs Report
#Jobs — Gains slowed in April, rising less than expected, which is good news for the hope of lower interest rates.
Gain of +175,000 non-farm payroll jobs, vs. expected gain of 240K
Unemployment up 0.1% to 3.9%, vs expectation of unchanged
U6 unemployment 7.4%, up by 0.1%
Labor force participation unchanged at 62.7%
Average hourly earnings up by 0.2%, less than expected; +3.9% Y/Y
February jobs revised down by -34K to +236K
March jobs revised up by +12K to +315K
SPY and QQQ Expiration
1 SPY 05/02/2024 493/498 Bull Put Spread – Sold on Tuesday at $0.23
1 SPY 05/02/2024 485/490 Bull Put Spread – Sold Apr 24th at $0.38
1 SPY 05/02/2024 524/519 Bear Call Spread – Sold Apr 26th at $0.46
1 QQQ 05/02/2024 417/422 Bull Put Spread – Sold on Monday at $0.52
COIN Iron Condor
Sold 1 COIN May 03 2024 180/185 Bull Put Spread at $0.24 Credit
Sold 1 COIN May 03 2024 285/290 Bear Call Spread at $0.22 Credit
Thanks @geewhiz112 for the idea
COIN NVO TTD Covered Calls
#coveredcalls
$COIN STO 5/3 260 call at 2.97
$NVO STO 5/3 128 call at .71
$TTD STO 5/10 92 call at 4.00
SBUX Diagonal Closed
Closed 1 SBUX May 10 2024 65.0 / SBUX May 03 2024 71.0 diagonal Put spread at $.01 – sold yesterday at $0.32
CRSH
#smallbuy
#dividends
BOT CRSH @20.28
SBUX
SOLD VERT ROLL SBUX from 3 MAY 2024 to 10 MAY 2024 from 78/74/ to 78/70 PUT @.61
F HE
Sto HE 17 MAY 2024 11 CALL @.19
Sto HE 17 MAY 2024 13 CALL @.05
—
#rolling
SOLD CALENDAR F /3 MAY 2024 13 PUT/10 MAY 2024 13 put @.16
SPY Expiration
1 SPY 05/01/2024 524/519 Bear Call Spread – sold Monday at $0.15
1 SPY 05/01/2024 485/490 Bull Put Spread – Sold last Wednesday at $0.28
QQQ Put Spreads
Sold 1 QQQ May 03 2024 411/416 Bull Put Spread at $0.38 Credit
Sold 1 QQQ May 06 2024 406/411 Bull Put Spread at $0.38 Credit
TQQQ,
STO June 21, 40 puts at .56
TQQQ
STO May 17, 45 puts at .32
STO May 24, 45 puts at .53
SBUX CVS Put Spreads
Post earnings
Bought 1 SBUX May 10 2024 65.0 Put / Sold 1 SBUX May 03 2024 71.0 Put at $0.32 Diagonal Credit.
Rolled down the long side of my SBUX 75/80 Bull Put Spread to the May 10 2024 70 Put at $1.90 Credit
Rolled down the long side of my CVS 60/64 Bull Put Spread to the May 10 2024 55 Put at $3.61 Credit
SPX 0-dte 5/1/24
#SPX0dte Little movement since the open but chain IV has gone from 39% to 56%. Test condors, both wide and tight, have not changed much in value. I will consider trades after press conference starts but likely only take some low risk long shots.
SPX Due to the FED…
SPX
Due to the FED Speak, bought an outlier bull call spread 5220/5230 for May 8 for .35 testing my luck.
ULTY
#smallbuy
#dividends
BOT ULTY @14.64
CMG Puts
Sold 1 CMG 05/03/2024 3035/3045 Bull Put Spread at $0.55 Credit
AMZN Puts Closed
Bought to close 1 AMZN May 03 2024 152.5/157.5 Bull Put Spread at $0.01.
Sold Monday at $0.37
SPY Expiration
1 SPY 04/30/2024 490/495 Bull Put Spread – sold last Wednesday at $0.44
SPY
#ShortPuts – Another week further out and 5 points lower.
Sold SPY May 31 2024 485.0 Put @ 2.25
AMZN earnings
#BullPutSpreads – This should be the KOD for AMZN since I’m taking a directional shot. LOL Close it on a bounce or take stock on an implosion
Sold AMZN May 03 2024 200.0/180.0 Bull Put Spread @ 13.85
SPY
#ShortPuts – A week further out and 5 points lower.
Sold SPY May 24 2024 490.0 Put @ 2.25
BMY CVNA CZR PARA TFC VFC WBA Small Puts
Sold 1 BMY May 03 2024 43 Put at $0.06
Sold 1 CVNA May 03 2024 51 Put at $0.36 (filled here when the bid was $0.10)
Sold 1 CZR May 03 2024 32.5 Put at $0.06
Sold 1 PARA May 03 2024 11 Put at $0.12
Sold 1 TFC May 03 2024 36 Put at $0.06
Sold 1 VFC May 03 2024 12 Put at $0.06
Sold 1 WBA May 03 2024 17 Put at $0.06
SPY
#ShortPuts – Selling recent lows at the 100 day.
Sold SPY May 17 2024 495.0 Put @ 2.34
CMG CVNA CVS EBAY MGM SBUX UPS Puts
Sold 1 CMG 05/03/2024 3040/3050 Bull Put Spread at $0.50 Credit
Sold 1 CVNA 05/03/2024 55/60 Bull Put Spread at $0.30 Credit
Sold 1 CVS 05/03/2024 60/64 Bull Put Spread at $0.36 Credit
Sold 1 EBAY 05/03/2024 44/48 Bull Put Spread at $0.26 Credit
Sold 1 MGM 05/03/2024 34/38 Bull Put Spread at $0.23 Credit
Sold 1 SBUX 05/03/2024 75/80 Bull Put Spread at $0.29 Credit
Sold 1 UPS 05/03/2024 139/143 Bull Put Spread at $0.17 Credit
DJT Calls
Sold 1 DJT 05/03/2024 60/55 Bear Call Spread at $0.56 Credit
Sold 1 DJT 05/03/2024 70/65 Bear Call Spread at $0.23 Credit
Had to do these trades at Schwab because Fidelity won’t let you sell any DJT calls without owning the stock
SPY Puts
Extending my Put Ladder
SPY 05/02/2024 493/498 Bull Put Spread at $0.23 Credit – too early
SPY 05/03/2024 492/497 Bull Put Spread at $0.33 Credit – too early
SPY 05/06/2024 491/496 Bull Put Spread at $0.32 Credit – too early
SPY 05/03/2024 489/494 Bull Put Spread at $0.25 Credit
SPY 05/06/2024 489/494 Bull Put Spread at $0.35 Credit
SPY 05/09/2024 490/495 Bull Put Spread at $0.40 Credit
SPX 0-dte trades for 4/30/24
#SPX0dte The “Employment Cost Index” report was listed with two bulls on the Econ calendar from Bloomberg that I use, so it wasn’t something I was expecting to move the market this much. Fortunately I have no trade going yet, and will likely wait until after the 10am Consumer Confidence report. The market continues to overreact to every piece of data that *may* affect the Fed’s decision on when to start cutting rates.
IWMY
#smallbuy
#exdivtomorrow
BOT IWMY @16.47
div=1.41 per share
SPY Expiration
1 Sold 1 SPY 04/29/2024 490/495 Bull Put Spread – sold last Wednesday at $0.33
New SPY Calls
Sold 1 SPY 05/01/2024 524/519 Bear Call Spread at $0.15 Credit
Paired with another of my positions in my SPY Put Ladder
BA
#SyntheticCoveredCalls – Replacing Friday’s closing order.
Bought to Close BA Apr 26 2024 167.5 Calls @ .07 (sold for 11.40)
Sold BA May 17 2024 180.0 Calls @ 1.75
SPY
#ShortPuts – Survived 90 holes in three and a half days. Whew! Did manage one put sale during the Thur morning meltdown. Taking that off now at over 50 percent of max.
Bought to Close SPY Jun 21 2024 470.0 Put @ 1.66 (sold for 3.50)
META AMZN QQQ W NVDA
STO META 3 MAY 2024 405/400 PUT @.20
STO AMZN 3 MAY 2024 155/152.5 PUT @.15
STO QQQ 3 MAY 2024 413/409 PUT @.15
STO W 3 MAY 2024 39.5/38.5 PUT @.06
STO NVDA 3 MAY 2024 785/780 PUT @.22
AMZN CVS HSY Puts
Sold 1 AMZN May 03 2024 152.5/157.5 Bull Put Spread at $0.37
Sold 1 CVS May 03 2024 59/64 Bull Put Spread at $0.37
Sold 1 HSY May 03 2024 170/175 Bull Put Spread at $0.30
UPS Calls
Sold 1 UPS May 03 2024 160/152.5 Bear Call Spread at $0.49
CVNA AMD
STO CVNA 3 MAY 2024 60/55 PUT @.22
STO AMD 3 MAY 2024 140/135 PUT @.40 ///Follow ish @optioniceman
CMG Diagonal Call
Bought 1 CMG May 10 2024 3420 Call / Sold 1 CMG May 03 2024 3320 Call at $2.75 Credit
YBIT
#smallbuy
#dividends
BOT YBIT @19.52
AMD MMM QQQ SBUX UPS Put Spreads
Sold 1 AMD May 03 2024 135/140 Bull Put Spread at $0.56
Sold 1 MMM May 03 2024 80/85 Bull Put Spread at $0.30
Sold 1 SBUX May 03 2024 72/82 Bull Put Spread at $0.60
Sold 1 UPS May 03 2024 139/144 Bull Put Spread at $0.27
Sold 1 QQQ May 01 2024 418/423 Bull Put Spread at $0.55
Sold 1 QQQ May 02 2024 417/422 Bull Put Spread at $0.52
#OnlySpreads
GILD Covered Calls
Sold 1 GILD May 03 2024 69 Covered Call at $0.07
Sold 1 GILD May 10 2024 69 Covered Call at $0.14
Against stock put to me Friday
AAP BMY CVS INTC PFE SBUX Small Puts
Sold 1 AAP May 03 2024 68 Put at $0.12
Sold 1 BMY May 03 2024 43.5 Puts at $0.10 and $0.12
Sold 1 CVS May 03 2024 60 Put at $0.07
Sold 1 INTC May 03 2024 30 Put at $0.06
Sold 1 PFE May 03 2024 24 Put at $0.06
Sold 1 SBUX May 03 2024 77 Put at $0.13
#EveryLittleBitHelps
SPX 0-dte trades 4/29/24
#SPX0dte Sold to Open $SPX Apr 29th 5080/5110-5115/5145 condors for 14.80, IV 18.84%, at 8:28 ET
Premium and width on 6-delta too meager, so for this day of lower IV I’m choosing the tight condor option. No major economic data scheduled and big events later in the week should mean a quieter Monday.
Economic Calendar 4/29 – 5/3
FOMC decision on Wednesday and Jobs Report Friday
SPX 0-DTE #tastytrade As Jeff…
SPX 0-DTE
#tastytrade
As Jeff always says, mind the IV. The following Tasty Video shows a study as how much the IVR value describes the potential move. The recent daily IVR for SPX have always been quite high. And I can testify, i had a hard time to make any money on the IBF, IC narrow or wide.
Off topic – from Twitter
Saturday morning stock screener 🤓
Criteria:
1) Revenue growth expected to be 20% or higher for the next 3 years (CY2024, CY2025, CY2026)
2) EBITDA growth expected to be 20% or higher for the next 3 years (CY2024, CY2025, CY2026)
3) Market cap above $1 billion
Results:
$AXON $CELH $CRWD $CYBR $DUOL $FLYW $FOUR $FROG $FRPT $GLBE $GTLB $HIMS $INSP $IOT $KKR $KVYO $MELI $NOW $ONON $RKT $SHOP $SPT $TMDX $TOST $TTD
Earnings 4/29 – 5/3
OptionsExpiration
Another big week, heavy with Earnings plays
Cash Covered Puts
AGNC 8.5 Put
BIIB 175 Put
BMY 43.5 Put
EQT 35.5 Put
GILD 61 Put
INTC 30.5 Put
STX 75 Put
T 15.5 Puts
VZ 37 Put
WBA 17.5 Put
Credit Spreads
SPY 481/491 Bull Put Spread
SPY 490/495 Bull Put Spread
AAPL 155/160 Bull Put Spread
BA 150/155 Bull Put Spread
BMY 43/44 Bull Put Spread
BMY 42.5/44.5 Bull Put Spread
BIIB 175/200 Bull Put Spreads
BIIB 185/190 Bull Put Spread
BIIB 178.5/197.5 Bull Put Spread
CMG 3110/300 Bear Call Spread
CMG 3210/3200 Bear Call Spread
CZR 32/36 Bull Put Spread
GILD 59/64 Bull Put Spread
GILD 59/63 Bull Put Spread
META 475/470/397.5/392.5 Iron Condor Spread
META 477.5/472.5/397.5/392.5 Iron Condor Spread
MSFT 355/360 Bull Put Spread
NUE 167.5/172.5 Bull Put Spread
ON 52/57 Bull Put Spread
ON 50/55 Bull Put Spread
PEP 162.5/167.5 Bull Put Spread
PEP 162.5/165 Bull Put Spread
TSLA 100/105 Bull Put Spread
UPS 135/140 Bull Put Spread
UPS 160/155 Bear Call Spread
UPS 165/157.5 Bear Call Spread
UVXY 50/40 Bear Call Spreads
UVXY2 14/8.5 Bear Call Spreads
VXX 18/14 Bear Call Spreads
VXX 19.5/17 Bear Call Spreads
VXX 21/17.5 Bear Call Spreads
Covered Calls
BOIL 16 Call
UVXY2 7.5 Calls
VFC 13.5 Call
VXX Call
WBA 19 Call
Assignments
SOXL 32 Covered Call
BMY 47 Put (early assignment last night)
GILD 69 Put (could not roll for a credit)
GILD 68 Put (could not roll for a credit)
SBUX Covered Call Rollup
Bough to close 1 SBUX Apr 26 2024 88.0 Covered Call/ Sold 1 SBUX May 03 90.0 Call at $1.85 Credit
#Earnings next week… so the big premium
New SPY Calls
Sold 1 SPY 05/02/2024 524/519 Bear Call Spread at $0.46 Credit
Paired with one position in my Put Ladder
SPY Call Rollup
Rolled a VERY old SPY 04/26/2024 520/505 Bear Call Spread to 1 SPY 05/06/2024 520/510 Bear Call Spread at $0.14 Credit.
Increased the short side 5 points to lower the spread risk and to take the short back out of the money.
This will balance out a portion of my SPY Put Ladder
SPX 0-dte trades 4/26/24
#SPX0dte Sold to Open $SPX Apr 26th 5000/5020-5135/5155 condors for 1.40, IV 27.55%, deltas -.08 +.06
SPY Expiration
1 SPY Apr 25 2024 481/491 Bull Put Spread -sold on Monday at $0.53
MSFT Puts
Sold 1 MSFT Apr 26 2024 355/360 Bull Put Spread at $0.37 Credit
#Earnings tonight
BMY GILD INTC small puts
First bought to close 1 NEM Apr 26 2024 35.0 Put at $0.01
and bought to close 1 TSLA Apr 26 2024 85.0 Put at $0.01.
With the released buying power:
Sold 1 BMY Apr 26 2024 43.5 Put at $0.07
Sold 1 GILD Apr 26 2024 61.0 Put at $0.07
Sold 1 INTC Apr 26 2024 30.5 Put at $0.08.
All expire tomorrow
#EveryLittleBitHelps
SPX 0-dte trades 4/25/24
#SPX0dte Sold to Open $SPX Apr 25th 4920/4940-5050/5070 for 1.45 at 9:41 ET, deltas were -.076 +.08, IV 27.09%
Before the GDP and jobs data released at 8:30, I modeled the 6-delta condor for 1.15 with a 120-pt center. Waiting for the open gave me about the same price, although I decided to push the deltas a bit higher for the premium and go for a 110 gap. Expected move is around 30 so stops are currently at 4970 and 5020.
CMG META Call Spreads
Sold 1 CMG Apr 26 2024 3310/3300 Bear Call Spread at $0.30 Credit
Sold 1 META Apr 26 2024 477.5/472.5 Bear Call Spread at $0.15 Credit
Post Earnings and expires tomorrow
SPY Put Spreads
Extending my Put Ladder
Sold 1 SPY 05/06/2024 480/485 Bull Put Spread at $0.49 Credit
Sold 1 SPY 05/07/2024 480/485 Bull Put Spread at $0.53 Credit
Sold 1 SPY 05/08/2024 470/480 Bull Put Spread at $0.55 Credit
Sold 1 SPY 05/09/2024 470/480 Bull Put Spread at $0.60 Credit
SPY Expiration
1 SPY Apr 24 2024 482/492 Bull Put Spread – sold on Monday at $0.36
CMG Call Spreads
Sold 1 CMG Apr 26 2024 3110/3100 Bear Call Spread at $2.07 Credit
Sold 1 CMG Apr 26 2024 3210/3200 Bear Call Spread at $1.00 Credit
#Earnings tonight
SPY Puts
Adding to my put Ladder
Sold 1 SPY 04/26/2024 490/495 Bull Put Spread at $0.22 Credit
Sold 1 SPY 04/29/2024 490/495 Bull Put Spread at $0.33 Credit
Sold 1 SPY 04/30/2024 490/495 Bull Put Spread at $0.44 Credit
Sold 1 SPY 05/01/2024 485/490 Bull Put Spread at $0.28 Credit
Sold 1 SPY 05/02/2024 485/490 Bull Put Spread at $0.38 Credit
Sold 1 SPY 05/03/2024 485/490 Bull Put Spread at $0.48 Credit
BMY GILD PEP Put Spreads
Sold 1 BMY Apr 26 2024 43/47 Bull Put Spread at $0.21 Credit
Sold 1 GILD Apr 26 2024 60/64 Bull Put Spread at $0.19 Credit
Sold 1 PEP Apr 26 2024 162.5/165 Bull Put Spread at $0.15 Credit
YBIT
BOT YBIT @20.45
SPX 0-dte trades 4/24/24
#SPX0dte Sold to Open $SPX 5050/5080-5085/5115 condors for 16.235, IV 21.15%
Switching to 5-wide ATM strategy as 6-deltas have become to narrow again, and $VIX is calming. Going for 10%
SPY Expiration
1 SPY Apr 23 2024 483/493 Bull Put Spread – sold yesterday at $0.14
1 SPY Apr 23 2024 484/494 Bull Put Spread – sold last Weds at $0.72
1 SPY Apr 23 2024 485/495 Bull Put Spread – sold on Apr 15 at $0.27
SPY
#ShortPuts – Taking nearly 45 percent of max in just a couple days. I’ll be gone the rest of the week.
Bought to Close SPY May 10 2024 490.0 Put @ 1.82 (sold for 2.95)
Bought to Close SPY May 17 2024 485.0 Put @ 1.84 (sold for 2.95)
Bought to Close SPY May 24 2024 480.0 Put @ 1.83 (sold for 2.95)
Bought to Close SPY May 31 2024 475.0 Put @ 1.73 (sold for 3.41)
Bought to Close SPY Jun 21 2024 455.0 Put @ 1.54 (sold for 3.00)
Bought to Close SPY Jun 21 2024 460.0 Put @ 1.81 (sold for 3.21)
Bought to Close SPY Jun 21 2024 465.0 Put @ 2.15 (sold for 3.42)
BMY GILD Put Spreads
Sold 1 BMY Apr 26 2024 42.5/47.5 Bull Put Spread at $0.23 Credit
Sold 1 GILD Apr 26 2024 60/65 Bull Put Spread at $0.31 Credit
Options Bistro 