#SPX0dte Sold to Open $SPX 5040/5070/5100 Iron Butterflys for 15.95, IV 16.34%
Small accounts: 5035/5065-5070/5100 for 13.90.
Overnight test: IC centered at 5075-5080 sold for 15.50, was up to 16.75 earlier but is now in profit since SPX has risen closer to the center.
1 SPY 495/503 Bull Put Spread
Massive move today
Sold 1 LABU 03/01/2024 195/190 Bear Call Spread at $0.73
Sold BOIL 03/01/2024 23/19 Bear Call Spreads at $0.15 Credit
Sold 1 NCLH 03/01/2024 22/20 Bear Call Spread at $0.13 Credit
Post-earnings
#SyntheticShortStock – Another straight roll today.
Rolled SPX Feb 27 2024 5075.0 Puts to Feb 28 2024 5075.0 Puts @ 7.60 credit (21.65 total now)
#ShortPuts – Taking half six weeks early.
Bought to Close SMCI Apr 19 2024 360.0 Put @ 1.70 (sold for 3.40)
Bought 1 SPY 02/29/2024 518.00 Call at $0.04
Sold 1 SPY 02/28/2024 510.00 Call at $0.37 for a $0.33 Credit
#OnlySpreads
Sold a tiny bit more of FBTC at $50.01
Bought at $36.00
Sold a tiny bit more of IBIT at $32.55
Bought at $24.00
Only a tiny bit left in each
BTC March 1, 45 puts at .01, sold at .21
#SPX0dte Sold to Open $SPX Feb 27th 5045/5075/5105 Iron Butterflys for 16.55, IV 16.57%
Small accounts: 5040/5070-5075/5105 condors for 14.65.
NOTE: I placed similar PAPER positions at the close last night (the IB was 5 points lower), and since we are little changed from yesterday’s close, the IB gained 1.50 on the IC about 1.75. My day could be over before the open had these been my real trades. I’m going to be testing night-before paper trades for future consideration.
Sold 1 SPY 02/27/2024 503.0 Diagonal Put at $0.24
#SyntheticShortStock – Straight roll today.
Rolled SPX Feb 26 2024 5075.0 Puts to Feb 27 2024 5075.0 Puts @ 8.50 credit (14.05 total now)
1 SPY 02/26/2024 520/510 Bear Call Spread
1 SPY 02/26/2024 490/505 Bull Put Spread
Sold 1 BRK/B 03/01/2024 390/400 Bull Put Spread at $0.49 Credit
Sold 1 LOW 03/01/2024 212.50/217.50 Bull Put Spread at $0.39 Credit
Sold 1 SPY 02/26/2024 510.0 Call at $0.36
Sold 1 SPY 02/26/2024 505.0 Put at $0.18
Total Strangle Premium of $0.54
Can someone explain why this is needed and what purpose it serves? LOL!
Sold 1 TJX 03/01/2024 90/95 Bull Put Spread at $0.48 Credit
Sold 1 UPS 03/01/2024 139/143 Bull Put Spread at $0.22 Credit
Sold 1 CHTR 03/01/2024 267.50/272.50 Bull Put Spread at $0.35 Credit
Sold a tiny bit more of FBTC at $47.01
Bought at $38.00
Added a tiny bit of NEM at $30.00
STO, April 5, 50 puts at .82
BTC March 1, 43 puts at .01, sold at .78
“For whatever reasons, markets now exhibit far more casino-like behavior than they did when I was young. The casino now resides in many homes and daily tempts the occupants.”
Resist temptation. Respect the downside!
#SPX0dte Sold to Open $SPX 5060/5090/5120 Iron Butteflys for 16.20, IV 16.3%
Small accounts: 5055/5085-5090/5120 condors for 14.35.
Q4 GDP on Wednesday morning.
Some key inflation data on Thursday morning.
Sold 1 SPY 02/23/2024 512.0 Diagonal Call
Sold 1 SPY 02/23/2024 506.0 Diagonal Put
STO META ) 1 MAR 2024 450/445 PUT @.14
Bought to close 1 NVDA 02/23/2024 845/825 Bear Call Spread at $0.01
Sold a tiny bit of SCHWAB US DIVIDEND EQUITY ETF at a new high of $78.02.
Bought at $68.00
Sold 1 small portion of my VTRS at $13.62
Bought at $12.50
Bought to close 1 ADM 02/23/2024 57.0 Call at $0.04. Originally sold at $0.25
Sold 1 ADM 03/08/2024 57.0 Covered Call at $0.42
BTO April 19, 55 calls at 7.75
#spx0dte
At the open
$SPX STO 2/23 5055/5085/5120 iron fly at 20.75 Typo made the call wing 5 longer
aAt 10:55
$SPX BTC 2/23 5055/5085/5120 iron fly at 18.25 10% profit.
Looked like a loss first hour. If it was still on, profit would now be 1.45 higher. But 10% is a good trade
Sold 1 SPY 02/23/2024 512.0 Diagonal Call at $0.22
Sold 1 SPY 02/23/2024 506.0 Diagonal Put at $0.14
Total Strangle premium of $0.36
Bought to close 1 NVDA 910/900 Bear Call Spread at $0.01
Bought to close 1 META 540/505 Bear Call Spread at $0.01
Bought to close 1 CHTR 265/280 Bull Put Spread at $0.01
#CoveredCalls – Another round.
Bought to Close BA Feb 23 2024 200.0 Calls @ .65 (sold for 5.00)
Sold BA Mar 01 2024 195.0 Calls @ 5.85
#SyntheticShortStock – Might be a little early but I’ll take the extra day of theta.
Bought to Close SPX Feb 23 2024 5055.0 Puts @ .55 (sold for 20.40 and 20.50)
Sold SPX Feb 26 2024 5075.0 Puts @ 5.55
Bought to close 1 PANW 230/240 Bull Put Spread at $0.01
Bought to close 1 SMCI 500/510 Bull Put Spread at $0.01
Bought to Close 1 BOIL 21/19 Bear Call Spread at $0.01
Yesterday, STO MArch 28, 50 puts at .75
Today the Feb. 23, 40 puts will expire at zero
I don’t remember if I posted but I sold the June 45 puts at 2.66 this week.
1 SPY 470/480 Bull Put Spread
1 SPY 469/479 Bull Put Spread
1 SPY 485 Diagonal Put
1 SPY 508 Diagonal Call
1 SPY 509 Diagonal Call
#ShortPuts – Bought to Close XBI Mar 15 2024 82.0 Puts @ .18 (sold for .80)
#SyntheticShortStock – Rolling up to the bottom of tomorrow’s expected move.
Rolled SPX Feb 23 2024 5040.0 Puts to Feb 23 2024 5055.0 Puts @ 2.30 credit (20.40 and 20.50 now)
#BullPutSpreads – Been in a lot of more active FXI positions recently. Out of all of them at even. Throwing this out there to just sit and watch. Half size so might add on a dip back closer to the 50 day. Very directional bull put spreads.
Sold FXI Aug 16 2024 30/25 Bull Put Spreads @ 3.90
#ShortPuts – Bought to Close PANW Mar 15 2024 245.0 Put @ 1.30 (sold for 3.00)
BOT VERTICAL NVDA 23 FEB 2024 555/550 PUT @.01/sto .30
BOT VERTICAL NVDA 23 FEB 2024 590/585 PUT @.01/sto.34
Sto HE 1 MAR 2024 12 PUT @.11
Bought to close 1 NVDA 02/23/2024 600.00 Put at $0.01 with a GTC order on the open.
Five minutes later I sold the long side, 1 NVDA 02/23/2024 590.00 Put at $0.07 so I made a bit more on the spread than I thought I would
#SPX0dte Sold to Open $SPX Feb 22nd 5020/5050/5080 Iron Butterflys for 18.70, IV 21.45%
Small accounts: 5020/5050-5055/5085 condors for 16.85
Waited until after weekly jobs data, but still some economic data coming after the open. I leaned a few points bullish on this, but with the strong overnight trend this one could be a bit touchy if the strength continues after the open.
I’m certain of these at least
1 SPY 470/480 Bull Put Spread
1 SPY 469/479 Bull Put Spread
1 SPY 491 Diagonal Put
Sold SPY 02/22/2024 499.0 Diagonal Calls at $0.26 and $0.28
Buyers anticipating an NVDA blowout as these are almost 2 points out of the money with 5 minutes until the close.
Also Sold 1 SPY 02/22/2024 505/500.0 Bear Call Spread at $0.13 Credit (one minute before the close)
#SPX0dte I did a mini-study today to back test WAITING UNTIL EXPIRATION . I went from April 5, 2021, which was the first day we breached SPX 4000, to 2/13/24. I tested the IB with 30-pt wings. Premium taken in of $16 each day.
Total trading days:721
Total wins: 276, $2,370
Total losses: 445, -$5,147
So, definitely not looking beneficial over long term to wait until the close. I suspected this, but wanted to make sure. If we increased premium to $17 or $18 we’d get closer to even but I still think it would be a loss.
Sold 1 PANW 02/23/2024 225/235 Bull Put Spread at $0.19 Credit
Sold 1 SMCI 02/23/2024 400/410 Bull Put Spread at $0.20 Credit
Sold 1 BOIL 02/23/2024 21/19 Bear Call Spread at $0.14 Credit
Sold 1 NVDA 02/23/2024 910/900 Bear Call Spread at $0.13 Credit
#OnlySpreads
Sold 1 SPY 02/21/2024 491.00 Put at $0.18
Sold 1 SPY 02/21/2024 498.00 Call at $0.40
Prior to NVDA #Earnings the range today on SPY has been about 2 points
#ShortPuts – Sold PANW Mar 15 2024 245.0 Put @ 3.00
Sold 1 PANW 02/23/2024 230/240 Bull Put Spread at @ $.0.27 Credit
Sold 1 UPS 03/01/2024 155/150 Bear Call Spread at $0.47 Credit
Paired with the Bull Put Spread sold Tuesday
#OnlySpreads
Taking 70% of the available profit on this quick trade. Bought to close $TTD Mar 15 95/100 bear call spread @ .27. Sold for .90 on Feb 16.
#SPX0dte Sold to Open $SPX Feb 21st 4930/4960/4990 #IronButterfly for 18.95, IV 20.1%
Small accounts: 4925/4955-4960/4990 condors for 17.40
Sold a bit earlier than normal so risking premarket moves, with intention of benefitting from premarket volatility drop.
#onlyspreads
Sto NVDA 23 FEB 2024/ 555/550 PUT @.30
#smallbuy
BOT FBY @22.53
BOT IWMY @17.89
BOT YMAX @20.10
BOT AMDY @20.87
Sold 1 WHR 02/23/2024 100/105 Bull Put Spread at $0.45 Credit
Sold 1 NVDA 02/23/2024 590/600 Bull Put Spread at $0.81 Credit
Sold 1 CHTR 02/23/2024 265/280 Bull Put Spread at $0.58 Credit
Sold 1 BIIB 02/23/2024 205/215 Bull Put Spread at $1.30 Credit
Sold 1 UPS 02/23/2024 130/144 Bull Put Spread at $0.29 Credit
Sold 1 SMCI 02/23/2024 500/510 Bull Put Spread at $0.60 Credit
Sold 1 META 02/23/2024 530/500 Bear Call Spread at $0.65 Credit
#OnlySpreads
1 SPY 470/480 Bull Put Spread
1 SPY 469/479 Bull Put Spread
No short Calls coming due for the next few days
#SyntheticShortStock – See if we get a bounce by end of week before I look further out and down.
Rolled SPX Feb 20 2024 5040.0 Puts to Feb 23 2024 5040.0 Puts @ 2.80 and 3.00 credit (18.20 and 18.10 total now)
#SPX0dte Sold to Open $SPX Feb 20th 4960/4990/5020 #IronButterfly for 16.85, IV 18.6%
Small accounts: 4960/4990-4995/5025 condors for 14.85.
STO April 19, 45 puts at 1.10
#SyntheticShortStock – Another round.
Bought to Close SPX Feb 16 2024 5015.0 Puts @ .70 (sold for 10.70)
Sold SPX Feb 20 2024 5040.0 Puts @ 15.25
I have added a hashtag: #TastyTrade to the last three posts that include videos on the subject of 0-dte trades. You can see them by clicking on that hashtag or by entering it in the search box in the right-hand column. I’m also updating the “Hashtag Strategies” in the menu bar at the top of the page.
#onlyspreads
Sto NFLX 23 FEB 2024 552.5/550 PUT @.10
#shortputs
Sto MARA 15 MAR 2024 18 PUT @.52
STC March 15, 50 calls at 9.60 and my cost basis was 9.43 on the position. This is a long weekend and the inflation number was not good so decided to take my profit and run.
#ShortPuts – I can’t resist…but I almost feel like I’m stepping in front of a Gamestop implosion. LOL Selling waaay down around the moving averages and nearly two times the expected move. Also prior to earnings.
Sold SMCI Apr 19 2024 360.0 Put @ 3.40
#onlyspreads
STO MSTR 23 FEB 2024 590/585 PUT @.30
STO MSTR 23 FEB 2024 590/585 PUT @.29
STO HE 23 FEB 2024 12 PUT @.11
#SPX0dte Sold to Open $SPX 4995/5025/5055 #IronButterfly for 17.845
Small accounts: Sold 4990/5020-5025/5055 condors for 16.20.
Sorry I forgot to press “Post” on this but the trade was placed at 6:37am
After the post-earnings pop at the open, the stock has backed off its highs and is in the low part of the range. Selling a call spread with the short strike above today’s high. Sold $TTD Mar 15 95/100 bear call spread @ .90.
STO, April 19, 45 puts at 1.10
The 41 puts that I sold will expire today.
Back by popular demand, in observance of Presidents’ Day (and trading holiday) on Monday, it’s the Hall of Revolving Presidents. Click “Home/Refresh” or refresh your browser to change the featured President.
#SyntheticShortStock – Bringing these back in to the dailys and getting a little less directional.
Bought to Close SPX Feb 23 2024 5045.0 Puts @ 40.90 (Sold for 57.60 and 59.35)
Sold SPX Feb 16 2024 5015.0 Puts @ 10.70
Options Bistro 