Bought 1 CLF May 03 2024 16 Put / Sold 1 CLF Apr 26 2024 18.5 Put at $0.13 Credit
Bought 1 NUE May 03 2024 170 Put / Sold 1 NUE Apr 26 2024 175 Put at $0.28 Credit
VXX Long Term
Bought VXX Jan 17 2025 5.0 Puts / Sold VXX Apr 26 13.5 Puts at $0.03 and $0.04 Credit
(trying to add free long term puts to my current position)
#VXXContango
Sold 1 AGNC Apr 26 2024 8.5 Put at $0.06
Sold 1 BIIB Apr 26 2024 175 Put at $0.45
Sold 1 EQT Apr 26 2024 35.5 Put at $0.10
Sold 1 STX Apr 26 2024 85 Put at $0.15
Sold 1 T Apr 26 2024 15.5 Put at $0.08
Sold 1 TSLA Apr 26 2024 85 Put at $0.07
Sold 1 VXX Apr 26 2024 13 Put at $0.04
Sold 1 VZ Apr 26 2024 37 Put at $0.07
Sold 1 WBA Apr 26 2024 17.5 Put at $0.08
#EveryLittleBitHelps
#SPX0dte Sold to Open $SPX Apr 23rd 4940/4960-5070/5090 condors for 1.20, deltas -.06 +.06, IV 23.38%
Just after the close
Sold 1 SPY Apr 23 2024 483/493 Bull Put Spread at $0.14 Credit
Sold 1 SPY Apr 24 2024 482/492 Bull Put Spread at $0.36 Credit
Sold 1 SPY Apr 25 2024 481/491 Bull Put Spread at $0.53 Credit
Sold 1 SPY Apr 26 2024 481/491 Bull Put Spread at $0.77 Credit
1 SPY Apr 22 2024 485/490 – 515/520 Iron Condor Spread – Sold last Wednesday at $0.66
also
1 SPY 485/495 Bull Put Spread – sold Apr 15 at $0.21
1 SPY 481/491 Bull Put Spread – rolled down to this yesterday(orig credit $0.17 plus roll credit of $0.12)
Sold 1 SOXL Apr 26 2024 32.0 Covered Call at $1.41 against stock put to me Friday
Sold 1 AAPL Apr 26 2024 155/160 Bull Put Spread at $0.33 Credit
Sold 1 BA Apr 26 2024 150/155 Bull Put Spread at $0.34 Credit
Sold 1 CZR Apr 26 2024 32/36 Bull Put Spread at $0.19 Credit
Sold 1 GILD Apr 26 2024 59/64 Bull Put Spread at $0.23 Credit
Sold 1 META Apr 26 2024 390/395 Bull Put Spread at $0.27 Credit
Sold 1 ON Apr 26 2024 52/57 Bull Put Spread at $0.34 Credit
Sold 1 TSLA Apr 26 2024 100/105 Bull Put Spread at $0.17 Credit
#SPX1dte Sold to Open $SPX Apr 22nd 4905/4925-5050/5070 condors for 1.30, IV 26.35%, deltas -.07 +.06
https://finance.yahoo.com/news/economy-might-booming-housing-recession-195209142.html
Next week brings 43% of SPX set to report earnings highlighted by META/MSFT/GOOGL (aka $6.1T of mkt cap) reporting on Weds & Thurs …on the macro front, key reports include 1Q GDP on Thurs & March PCE on Fri.
#optionsexpiration
==Expirations==
HE 7 PUT
HE 11 AND 14 CALLS
#assignment
SPCE 2 PUT
COULD NOT ROLL FOR CREDIT
A very, very busy week
==Expirations==
Cash Covered Put Sales:
BAC 34 and 33.5 Puts
BIIB 185 Put
BK 50 Put
BOIL 11.5 Put
BXP 55 Put
D 45 Put
DJT 17.5, 15.0 and 12.5 Puts
F 11.82 Put
KEY 13 Put
LABU 70 and 65 Puts
PFE 25 Puts
RF 17 Put
UAL 35 Put
UVXY 34 Put
VFC 12 and 11.5 Puts
VXX 13.5 Puts
WBA 17.5 and 17 Puts
WU 12 Put
Credit Spreads:
ABT 99/104 Bull Put Spread
BIIB 185/190 Bull Put Spread
BIIB 182.5/187.5 Bull Put Spread
NFLX 510/515 Bull Put Spread
UPS 135/140 Bull Put Spread
Covered Calls:
BOIL 15 Call
VFC 13 Call
VTRS 13 Call
VXX 15.5 Call
WBA 21 Call
==Assignments==
NWL 7.0 Put
SOXL 32.0 Put
The first time I’ve had to roll one of these Put ladder positions in months
Bought to close SPY Apr 19 2024 485/495 Bull Put Spread / Sold 1 SPY Apr 22 2024 481/491 Bull Put Spread at $0.12 Credit
Rolled this week’s GILD 63/69 Bull Put Spread to next week’s GILD 63/69 Bull Put Spread for $0.11 Credit
#KickTheCan
#ShortPuts #SyntheticStock – A Friday update. Been messing with some small synthetic stock positions as well as the normal SPY SPX stuff. BA and TSLA earnings next week so should be interesting.
BA:
Rolled BA Apr 19 2024 167.5 Calls to Apr 26 2024 167.5 Calls @ 3.20 credit (11.40 total now)
SNOW:
Bought to Close SNOW Apr 19 2024 152.5 Calls @ .01 (sold for 7.25)
Sold SNOW Apr 26 2024 149.0 Calls @ 3.15
SPY: One add.
Sold SPY Jun 21 2024 455.0 Put @ 3.00
SPX:
Earlier in the week rolled 5240 puts out to May monthly 5210 @ 3.25 credit (26.00 total now)
TSLA: Been in this one quite awhile and have managed to keep up with the drop selling mostly ITM all the way down.
Rolled TSLA Apr 19 2024 145.0 Calls to Apr 26 2024 140.0 Calls @ 8.35 credit (23.85 total now)
FWIW, the ETF broke below the 150 day MA and the 200 day MA is around 47so it may hold there but I am still not buying yet.
Bought to close 1 UPS 04/19/2024 139/144 Bull Put Spread at $0.55. Sold at $0.99
Replaced it with 1 UPS 135/140 Bull Put Spread at $1.32 Credit
#Earnings next week.
Rolled this week’s SBUX 88.0 Covered Call to next week’s SBUX 88.0 Call at $0.77 Credit
Rolled another of this week’s SBUX 88.0 Covered Calls to next week’s SBUX 89.0 Call at $0.44 Credit
Rolled this week’s BIIB 197.5 Put to next week’s 192.5 Put at $0.02 Credit
Rolled this week’s BIIB 195.0 Put to next week’s 190.0 Put at $1.30 Credit
Lowered each strike 5 points and hoping for a good #Earnings report
#FallingKnife
#SPX0dte So major dip overnight due to Israel/Iran, but now futures are flat. Had I had a sell order in place I may have gotten a fill on my long put spread. Now we are rallying pretty strongly so I’m going to wait for the open to consider a condor.
1 SPY 04/18/2024 485/495 Bull Put Spread – sold Monday at $0.16
Saw a report that Pfizer just hit a 9-year low.
#FallingKnife
https://finance.yahoo.com/m/9a6f7dfd-febf-37fb-912a-e0504d778fbc/is-pfizer-stock-a-sell-as.html
Sold 1 NFLX Apr 19 2024 510/515 Bull Put Spread at $0.27 Credit
#Earnings tonight
Sold 1 BIIB Apr 19 2024 182.5/187.5 Bull Put Spread at $0.60 Credit
Sold 1 BIIB Apr 19 2024 185/190 Bull Put Spread at $1.05 Credit
Sold 1 BIIB Apr 19 2024 185.0 Put at $0.15
Sold 1 UVXY Apr 19 2024 34.0 Put at $0.09
Sold 1 WBA Apr 19 2024 17.5 Put at $0.13
#EveryLittleBitHelps
#SPX0dte Sold to Open $SPX Apr 18th 4940/4960-5095/5115 condors for 1.40, IV 28.51%, deltas -.06 +.06
1 SPY Apr 17 2024 485/495 Bull Put Spread – sold Monday at $0.14
1 SPY Apr 17 2024 511.0 Call – sold today at $0.18
GLD Apr 17 2024 230/225 Bear Call Spreads – sold last Tuesday at $0.34 and yesterday at $0.31
Sold 1 SPY Apr 22 2024 485/490 – 515/520 Iron Condor Spread at $0.66 Credit
#ShortPuts – One add.
Sold SPY May 31 2024 475.0 Put @ 3.40
Extending my Put Ladder
Sold 1 SPY 04/23/2024 484/494 Bull Put Spread at $0.72 Credit
#everylittlebithelps
Sto HE 19 APR 2024 7 PUT @.04
Sold PFE Apr 19 2024 25.0 Puts at $0.06 and $0.08
Sold 1 SPY Apr 17 2024 511.0 Call at $0.18
#SPX0dte Sold to Open $SPX Apr 17th 4970/4990-5135/5155 condors for 1.35, IV 30.1%, deltas -.06 +.06
1 SPY 510 Call – sold today at $0.11
1 SPY 487/497 Bull Put Spread – sold Apr 4th at $0.29
1 SPY 485/495 Bull Put Spread – sold Monday at $0.12
Sold 1 ABT Apr 19 2024 99/104 Bull Put Spread at $0.37 Credit
BOT YMAX @20.80
BOT ULTY @16.62
BOT YMAG @20.31
BOT QYLD @17.84
Sold 1 SPY Apr 16 2024 510.0 Call at $0.11
#RiskReversal Taking a shot at a bearish trade and that this turns into a meaningful correction.
Sold to open $SPX Apr 22nd 5230/5250 call spreads, delta +.04
Bought to open Apr 22nd 4855/4835 put spreads, delta -.06
Net DEBIT -.10
Sold 1 UPS 135/140 Apr 19 2024 Bull Put Spread at $0.31 Credit
Sold 1 GLD 230/225 Apr 17 2024 Bear Call Spread at $0.31 Credit (expires tomorrow)
Sold 1 D April 19 2024 45.0 Put at $0.10
Sold 1 DJT April 19 2024 12.5 Put at $0.07
Sold 1 DJT April 19 2024 15.0 Put at $0.14
Sold 1 LABU April 19 2024 65.0 Put at $0.16
Sold 1 RF April 19 2024 17.0 Put at $0.05
Sold 1 VFC April 19 2024 11.5 Put at $0.11
#EveryLittleBitHelps
Bought to open VXX Jan 17, 2025 5.00 Puts at $0.06
#VXXContango
#SPX0dte Sold to Open $SPX 4955/4975-5140/5160 condors for 1.30, IV 34%, deltas -.05 +.07
#VIXindicator Fired at the close with $VIX over 50% higher than its recent low of 12.40 on 3/21. Expect the possibilities of lower levels over the coming days or weeks.
#ShortPuts – One add.
Sold SPY Jun 21 2024 460.0 Put @ 3.20
1 SPY 04/15/2024 488/498 Bull Put Spread – Sold last Thursday at $0.28
New post-split calls
Sold 1 UVXY 04/19/2024 55/48 Bear Call Spread at $0.38 Credit
Sold 1 BAC 04/19/2024 33.5 Put at $0.06 #Earnings
Sold 1 F 04/19/2024 11.82 Put at $0.06
Sold 1 SOXL 04/19/2024 32.0 Put at $0.06
Sold 1 UAL 04/19/2024 35.0 Put at $0.07 #Earnings
#EveryLittleBitHelps
Dan at SMM put out a very bearish vidio last night so I covered all my short puts and again am 100% cash in all accounts. He pointed out that only 9 stocks in the DJI 30 are above their 50 day moving average.
Sold 1 BAC 04/19/2024 34.0 Put at $0.07 #Earnings
Sold 1 BK 04/19/2024 50.0 Put at $0.11 #Earnings
Sold 1 BOIL 04/19/2024 11.5 Put at $0.06
Sold 1 BXP 04/19/2024 55.0 Put at $0.10
Sold 1 LABU 04/19/2024 70.0 Put at $0.16
Sold 1 WU 04/19/2024 12.0 Put at $0.05
#EveryLittleBitHelps
Sold 1 SPY 485/495 04/16/2024 Bull Put Spread at $0.12 Credit
Sold 1 SPY 485/495 04/17/2024 Bull Put Spread at $0.14 Credit
Sold 1 SPY 485/495 04/18/2024 Bull Put Spread at $0.16 Credit
Sold 1 SPY 485/495 04/19/2024 Bull Put Spread at $0.17 Credit
Sold 1 SPY 485/495 04/22/2024 Bull Put Spread at $0.21 Credit
Sold 1 SPY 485/495 04/23/2024 Bull Put Spread at $0.27 Credit
Sold the stock put to me Friday at 200 at 200.51 in the pre-market
Plus the $1.25 original put premium.
Sold SBUX 04/19/2024 88.0 Covered Calls at $0.16 and $0.26.
Replacing similar calls that expired Friday
#SPX0dte Sold to Open $SPX 5075/5095-5215/5235 condors for 1.45, IV 26.46%, deltas -.07 +.07
Sticking with wide condors until IV gets lower. Tight condors with 10% exit are still a viable trade, just potentially tougher in high IV/high $VIX environment. If it drops and the swings subside I will resume them, or may add them later in day.
REMINDER: Weekly calendar and Earnings chart are available on the menu at top of the page.
#optionsexpiration
#onlyspreads
————-
#closeearly for a .01
BRK/B
DIA
after the close Friday 4/12 – 1 for 10 reverse split
Another wild wild week
Expirations:
SPY 489/499 Bull Put Spread
SPY 530/527 Bear Call Spread
SBUX 88 Covered Calls
BOIL 16 and 16.5 Covered Calls
UPS 139/144 and 137/143 Bull Put Spreads
UPS 162.5/155 and 162.5/150 Bear Call Spreads
GLD 227.5/222.5 Bear Call Spread
NFLX 585/590 Bull Put Spread
NFLX 645/640 Bear Call Spread
NVDA 785/790 and 795/800 Bull Put Spreads
NVDA 935/930 and 925/920 Bear Call Spreads
C 55/58 Bull Put Spread
UVXY(adj) 9/8 and 10/8 Bear Call Spreads
VXX 18.5/15.5 Bear Call Spreads
KEY 14.5 Put
DJT 20.0 Put
WBA 17.5 Put
USB 40.5 Put
PARA 10 and 10.5 Puts
WFC 52.0 Put
C 56.0 and 55.0 Puts
TNA 34.0 Put
VZ 39.5 Put
TSLA 135 Put
CHTR 240.0 Put
Assignments:
WBA 18 Puts
VFC 12.5 Put
BIIB 200 Put
All new lows today
Haven’t had to do this in a while
Bought to close 1 VXX 04/12/2024 20/14.5 Bear call spread at $0.44
Sold to open 1 VXX 04/19/2024 20/15.5 Bear Call Spreads at $0.46 Credit
Bought to close VXX 04/12/2024 17.5/15 Bear call spreads at $0.16
Sold to open VXX 04/26/2024 19.5/17 Bear Call Spreads at $0.23 Credit
Bought to close UVXY2(adj) 04/12/2024 7.50 Covered Call at $0.15
Sold 1 UVXY2(adj) 04/19/2024 8.5 Call at $0.31
Gold just collapsed.
GLD dropped from 225 to 217 in just a couple of hours
Sure helps out my Bear Call spreads 🙂
#ShortPuts – Starting to see some nice premium with VIX pushing 20. Going outside the expected move and down to the 200 day.
Sold SPY Jun 21 2024 465.0 Put @ 3.42
Rolled this week’s GILD 04/12/2024 69.0 Put to next week at $0.39 Credit
Rolled another to the GILD 04/26/2024 68.0 Put at $0.53 Credit
At some point I might decide to take the stock
Rolled this week’s BIIB 04/12/2024 202.5 Puts to next week’s BIIB 04/19/2024 200.0 Puts at $0.28 Credit
Rolled this week’s UPS 04/12/2024 145.0 Put to next week’s UPS 04/19/2024 140.0 Put at $0.19 Credit
#FallingKnife
#ShortPuts – Couldn’t resist. Starters around the expected moves and the 100 day. Beyond this I’ll be looking at the 200 day to add any more.
Sold SPY May 10 2024 490.0 Put @ 2.95
Sold SPY May 17 2024 485.0 Put @ 2.95
Sold SPY May 24 2024 480.0 Put @ 2.85
Key stocks already at 52 week lows:
SBUX ZTS UNH BF/B BIIB BA GILD WBA
#SyntheticShortStock – Played it not so good this week.
Had the 5240 sitting for today. Early in the week rolled it into Wed and up to 5245 at even. Was playing for a bounce on the numbers. That didn’t work. LOL
Had to roll it back out to next week 5240 at even. No harm no foul. Took a shot. Only downside is if I would’ve waited could’ve rolled it today out to next week’s 5230 at close to even.
Each roll down in the short puts adds gains to the synthetic shorts. If we really sell off might have to start rolling it a few weeks out and down. For example even with it 90 points in the money right now I could roll it to May and down 80 points for close to even. Now that would really help the shorts!
STO,
MAy 17, 45 puts at .56
May 24,45 puts at .89
May 31, 45 puts at 1.01
#VIXindictor The Upside Warning was canceled today when $VIX intraday spiked above 18.59. We will enter a Downside Warning if we close at these levels.
This was a “secondary” Upside Warning, coming after a previous one with no Downside Warning in between. These are usually weaker, and this one only gave us 30 points of gain for the all-time high on March 28.
#SPX0dte Sold to Open $SPX Apr 12th 5140/5170-5175/5195 condors for 19.35, IV 29.07% at 9:49 ET
Bought to close UVXY2 Apr 12 2024 9.0 Calls at $0.01
Sold UVXY 2 Apr 19 2024 8.5 Calls at $0.09
Sold 1 GLD 04/19/2024 235/230 Bear Call Spread at $0.40 Credit
#SPX0dte Sold to Open $SPX Apr 12 5060/5080-5225/5245 condors for 1.55, IV 31.87%, deltas -.07 +.07.
I may also add an ATM condor but for now I’m liking the premium and width being offered on my previous 1-dte strategy.
#shortputs
$VKTX BTC 4/12 74 put and STO 4/19 73 put at added credit of .65 and $1 lower if assigned
1 SPY 04/11/2024 530/527 Bear Call Spread – sold on Tuesday at $0.28
#releasecapital
BTC F 12 APR 2024 13.5 CALL @.01/STO FOR .17
#coveredcalls
STO F 26 APR 2024 13.5 CALL @.24
#shortputs
STO F 26 APR 2024 13 PUT @.46
#earnings season kicks off before the open on Friday, April 12, 2024 with the Banks
Options Bistro 