Rolled today’s 501 Call to the 502 Call for tomorrow for a decent Credit
Category Archives: Uncategorized
TSLA
#SyntheticStock – Roll up and out on the bounce.
Rolled TSLA Feb 16 2024 185.0 Calls to Mar 15 2024 195.0 Calls @ 1.50 debit (3.25 total now)
TLT
#ShortPuts – One fill on some rolls.
Rolled TLT Mar 15 2024 98.0 Puts to Apr 19 2024 98.0 Puts @ .35 credit (2.00 total now)
LABU HE NVDA IWMY
SOLD LABU @133.18
high of day
labu /Sold for loss after reverse split to redeploy capital.
#onlyspreads
STO NVDA 23 FEB 2024 590/585 PUT @.34
#shortputs
#expiretommorow
STO HE 16 FEB 2024 12 PUT @.03
STO HE 16 FEB 2024 12.5 PUT @.06
#smallbuy
BOT IWMY @18.143
ADM Covered Call Rolls
Bought to close 1 ADM Feb 16 2024 57.0 Call at $0.05 and Sold 1 ADM Feb 23 2024 57.0 Call at $0.25
Bought to close 1 ADM Feb 16 2024 60.0 Call at $0.02 and Sold 1 ADM Mar 01 2024 57.0 Call at $0.52.
#CoveredCalls
CHTR Put
Sold 1 Feb 16 2024 280.00 Put at $0.17
Expires tomorrow
Bitcoin ETF
Sold a tiny bit more of IBIT at $30.01.
Purchased at $25.00
VXX Long Term Puts
Bought VXX Jan 17 2025 5.0 Puts at $0.09, $0.08 and $0.07
Adding to my position.
#VXXContango
SPX 0dte 2/15/24
#SPX0dte Sold to Open $SPX Feb 15th 4975/5005/5035 #IronButterfly for 17.00, IV 19.3%
Small account alternative: Sold 4970/5000-5005/5035 condors for 15.40
SPX 0 DTE #spx0dte This…
SPX 0 DTE
#spx0dte #TastyTrade
This is another interesting Tastytrade video, comparing IC vs IF winning rates and daily P/L :
HE
#shortputs
STO HE 23 FEB 2024, 11 AND 11.5 PUT @.11 AND 17
SPY Expiration
1 SPY 02/14/2024 499.00 Call
SPY 498.49+4.41 (+0.89%)
At close: 04:00PM EST
SPY Call
Sold 1 SPY 02/15/2024 501.00 Call at $0.42
ARM OGN BIIB Puts
Sold 1 ARM 02/16/2024 95.0 Put at $0.08
Sold 1 OGN 02/16/2024 15.0 Put at $0.25
Bought 1 BIIB 02/23/2024 210 Put and Sold 1 BIIB 02/16/2024 220 Put at a Diagonal Credit of $0.52
ARM PUT (I and U near each other on keyboard)
#shortputs
$ARM STO 2/16 121 put at 2.99
SPX
#SyntheticShortStock – On the early bounce.
Rolled Feb 16 2024 5050.0 Puts to Feb 23 2024 5045.0 Puts @ .90 debit (57.60 and 59.35 total now)
BA
#CoveredCalls – Early assignment.
Sold BA Feb 23 2024 207.5 Calls @ 2.20
SPY Call 0dte
Sold 1 SPY 02/14/2024 499.00 Call at $0.42
This was yesterday’s high print on this option
SPX 0 DTE
$SPX STO 12/14 4950/4980 BUPS at 10.65. Sold at first red dip since the IB wasn’t filled.
$SPX BTC 12/14 4950/4980 BUPS at 8.00. 25% of max.
Happy Valentine’s Day
Let The Profits Roll
SPX 0dte 2/14/24
#SPXodte Sold to Open $SPX 4945/4975/5005 #IronButterfly for 17.15, IV 19.4%
Small accounts: Sold 4945/4975-4980/5010 condors for 15.25
SPY Expiration
1 SPY 02/13/2024 497.00 Call sold on 02/06 at $1.57
Upside Warning canceled
#VIXindicator The $VIX has spiked 25% over the 2-day closing low of 12.93. If we close above 16.16 this will trigger a Downside Warning.
MSFT TQQQ
STO MSFT 23 FEB 2024, 382.5/380 PUT @.07
STO TQQQ 23 FEB 2024, 49/46 PUT @.10
SPY Puts
Back in the game on these
Sold 1 SPY 02/22/2024 470/480 Bull Put Spread at $0.28 Credit
Sold 1 SPY 02/21/2024 470/480 Bull Put Spread at $0.28 Credit
Sold 1 SPY 02/20/2024 470/480 Bull Put Spread at $0.28 Credit
TQQQ,
STO MArch 1, 45 puts at 21 cents
XBI
#ShortPuts – Starter.
Sold XBI Mar 15 2024 82.0 Puts @ .80
SPX
#SyntheticShortStock – Not doing any crazy rolls yet. Throw it out to Friday and see where we end up. Shorts are looking much better now. A sideways grind right here for the rest of the year works. 🙂 🙂
Rolled Feb 13 2024 5050.0 Puts to Feb 16 2024 5050.0 Puts @ .25 credit (58.50 and 60.25 total now)
BIIB ALB UPS Put Spreads
Sold 1 BIIB 02/16/2024 215/220 Bull Put Spread at $0.35 Credit
Bought 1 ALB 02/23/2024 85 Put/ Sold 1 ALB 02/16/2024 93 Put for a Diagonal Spread Credit of $0.27
Bought 1 UPS 02/23/2024 125 Put/ Sold 1 UPS 02/16/2024 140 Put for a Diagonal Spread Credit of $0.46
This one is paired with some Bear Call Spreads
TQQQ,
STO March 1, 48 puts at .31
IWMY
#smallbuy
BOT IWMY @18.03
#dividends
AMDY
#forIRAaccount
BOT AMDY @20.85
Replacing another ETF i was not happy with.
TQQQ,
STO June 21, 45 puts at 2.66
CPI for January
Inflation up 0.4% MoM in January, vs expected 0.3%
That’s up 3.1% YoY, vs expected 2.9%.
So worse than expected, meaning negative market reaction is possible. Futures down 40 points at lows so far.
SPX 0-dte 2/13/24
#SPX0dte Wiaitng until afetr CPI report, probably until the open.
I checked ATM prices before the report and they are over 21.00 for the Iron Butterfly, so about the same as it was at last night’s close, so no benefit to placing the trade day before.
SPX
#SyntheticShortStock – Keeping some slightly long deltas on the overall position with CPI tomorrow. Leaving the strike just inside tomorrow’s expected move.
Rolled SPX Feb 12 2024 5050.0 Puts to Feb 13 2024 5050.0 Puts @ 6.30 credit (58.25 and 60.00 total now)
FBTC
Lightening up a bit more on my tiny position of this Bitcoin ETF.
Sold a bit at $44.01. Getting rid of my current highest cost lot bought at $39.00.
Average cost on my remaining position is $36.25
Option Assignments Friday
Bought 100 HRL at $29.50
Bought 100 NEM at $33.00
Already wrote the NEM 02/16/2024 33.5 Covered Call at $0.32 and
the HRL 02/16/2024 30.0 Covered Call at $0.10
IBIT
Lightening up on my tiny position of this Bitcoin ETF.
Sold a bit at $28.01. Getting rid of my highest cost lot bought at $26.00.
CMG
STO CMG 16 FEB 24, 2530/2525 PUT @.23
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 12th 4995/5025/5055 #IronButterfly for 14.90, IV 15.23%
Small account alt: 4995/5025-5030/5060 condors for 12.80
XBI
#ShortPuts – A few more. Taking 60 percent 5 weeks early.
Bought to Close XBI Mar 15 2024 80.0 Puts @ .41 (sold for 1.12 and 1.18)
Earnings 2/12 – 2/16
Economic Calendar 2/12 – 2/16
CPI report on Tuesday could be a market mover
FBTC
Lightening up on my tiny position of this Bitcoin ETF.
Sold a bit at $42.01. Getting rid of my highest cost lot bought at $40.00.
VXX TSN MOS Cash covered Puts
Since fidelity froze my ability to do spreads:
Sold 1 VXX 02/16/2024 13.5 Put at $0.18
Sold 1 TSN 02/16/2024 51.0 Put at $0.15
Sold 1 MOS 02/16/2024 29.00 Put at $0.21
#FidelitySucks
XBI
#ShortPuts – Seems like one of the few things out there with decent premium that hasn’t gone to the moon yet.
Bought to Close XBI Feb 16 2024 80.0 Puts @ .03 (sold for .47)
SPX
#SyntheticShortStock – Playing with some slightly long deltas here now. Selling just outside the upper end of Monday’s expected move. Should be interesting. Should be easy to roll since it doesn’t feel like an implosion coming yet. If nothing else, roll ’em sideways for credits while protecting the upside a little.
Rolled SPX Feb 09 2024 4985.0 Put to Feb 12 2024 5050.0 Put @ 43.30 credit (51.95 total now)
Rolled SPX Feb 09 2024 4990.0 Put to Feb 12 2024 5050.0 Put @ 42.50 credit (53.70 total now)
Banner Info
Added Economic Calendar and Earnings Chart to banner on top. Nice job @jeff. Thanks for all you do,
And when you click on either one and scroll down you can play music. An oasis in the whirl of trading. 👍
Interesting?
Fed Rate
It was 11 rate hikes in less than two years for a total of 525 basis points. And since rates were coming from such a low base of 0.25%, the Fed effectively hiked rates 21-fold.
NVDA Call Roll
$NVDA BTC 2/9 700 call and STO 2/16 715 call at .95 credit and $15 more if called away
TLRY XLE
Sto TLRY /16 FEB 24,to 22 MAR 24,3 PUT @.04
Sto XLE 16 FEB 24, 82/81 PUT @.09
CVS Call
Bought to close 1 CVS 02/09/2024 76.0 Diagonal Call at $0.01.
Sold on 02/02 at $0.76.
Replaced it with 1 CVS 02/16/2024 77.5 Call at $0.16.
Bought to close 1 CVS 02/09/2024 77.0 Diagonal Call at $0.01.
Sold on 02/02 at $0.50
Replaced it with 1 CVS 02/16/2024 78.0 Call at $0.18.
TQQQ,
STO March 28, 55 puts at 2.21
The March 9, 42 puts will expire at zero today.
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 9th 4975/5005/5035 Iron Butterfly for 16.70, IV 19.3%
Small account alternative: 4970/5000-5005/5035 condor for 14.85.
Sold right after the open.
CPI revisions
Bloomberg TV talking about some CPI revisions coming in next few minutes, and given the monthly report is next week I’m going to wait until market has a chance to react before trading.
SPX 0 DTE BUPS
$SPX STO 2/8/2024 4990/4960 at 6.50
$SPX BTC 2/8/2024 4990/4960 at 3.00. 53% profit
I was out all day. Should never put on one of these trades if you are not THERE. I had a BTC order in after the STO and it was hit.
SPY Expiration
1 SPY 02/08/2024 499.0 Diagonal Call
#OnlySpreads
SPX
#SyntheticShortStock – Added 2028. Back to same position size I had before being in timeout.
SPX Synthetic Short with protective call Dec 15 2028 5000/5000/5400 @ 283.0 debit
And:
Sold SPX Feb 09 2024 4990.0 Put @ 11.20
TSLA
#SyntheticStock – Another round.
Rolled TSLA Feb 09 2024 182.5 Calls to Feb 16 2024 185.0 Calls @ .25 credit (4.75 total now)
ROK CHRW Puts
Bought to close 2 ROK 02/16/2024 240.0/230.0 Bull Put Spreads at $0.05 Debit
Sold this on 01/31 at $0.71 Credit
Releasing $2k in spread requirements 6 days early
Bought to close 1 CHRW 02/16/2024 70.0/65.0 Bull Put Spread at $0.05 Debit
Sold this on 02/01 at $0.57 Credit
Released another $500 spread requirement 6 days early
SPX
#SyntheticShortStock – Nice unchanged day so far.
Bought to Close SPX Feb 08 2024 4975.0 Put @ .55 (sold for 7.50)
Sold SPX Feb 09 2024 4985.0 Put @ 8.65
CMG Calls
Bought to close 1 CMG 02/09/2024 2970.0/2910.0 Bear Call Spread at $0.05 Debit
Sold this on Tuesday about 10 minutes before #Earnings at $0.85 Credit.
Releasing $6k in spread requirements a day early
SPY
#optionsexpiration
#shortputspread
466/470 and 468/472 puts
actually yesterday
SPCE
#coveredcalls
STO SPCE 19 JUL 24 , 4 CALL @.11
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 8th 4960/4990/5020 IB for 16.70, IV 17.44%, 5:53am
Small account alternative: 4955/4985/4990/5020 condors for 15.10.
SPY Expiration
1 SPY 468/473 Bull Put Spread
last one of these – for now
#OnlySpreads
TQQQ,
BTO March 15, 50 calls at 9.41
SPX Breaking News!
#SyntheticShortStock – Fidelity is letting me back in the game. Starting with a 2027 and may add a 2028. Had to go 400 wide on the call side since no 5500s available. Costs a little more out of pocket but max loss is still similar. 310 per week to cover max loss.
SPX Synthetic Short with protective call Dec 17 2027 5000/5000/5400 @ 225.0 debit
And:
Sold SPX Feb 08 2024 4975.0 Put @ 7.50
Out today
Small injury this morning so I’m getting stitches, so no trade today
SPX 0DTE BUPS
#0dte
$SPX STO 2/7 4975/4970 BUPS at 2.50 Filled at 9:50
$SPX BTC 2/7 4975/4970 BUPS at 1.35 Closed at 10:19 46% of max profit
NYCB
Cheap Thrills
Sold NYCB 02/09/2024 2.50 Put at at $0.20
Sold NYCB 02/09/2024 2.00 Put at at $0.10
SPY Expiration
1 SPY 468/473 Bull Put Spread
CMG Calls
Sold 1 CMG 02/09/2024 2970.0/2910.0 Bear Call Spread at $0.85 Credit
#Earnings tonight.
Stock is $2494.0
NVDA PLTR Calls
#coveredcalls
$NVDA STO 2/9 700 call at 5.40
$PLTR STO 2/9 28 call at .28
Options Bistro 