#SPX1dte Sold to Open $SPX Jan 25th 4815/4835-4920/4940 condors for 1.00, deltas -.06 +.06, IV 18.15%
Category Archives: Uncategorized
SPY
#creditputspread
#optionsexpiration
Jan 24 -457/453
SPY Expiration
1 SPY 01/24/2024 489.00 C all
TSLA
#SyntheticStock – Haven’t posted on this one lately. Just been cruising along with front month call in the money waiting on earnings. Added to it today.
Bought TSLA Jan 16 2026 220/220/175 Synthetic Stock @ 38.00
Sold TSLA Jan 26 2023 200.0 Call @ 14.80
SPX Jan 24th comparision #spx0dte…
SPX Jan 24th comparision
#spx0dte
I came across a Tastylive video where they looked into the success rate of Iron Flies with 30 points wide wings on 0 DTE SPX trades( i wish I could find that video again as it shows the rates for different profit targets very well). I am running some paper trades and so far they are looking very promising.
For example today: I followed Jeff’s trade and it is still running and meandering around the 50$ profit within a more and more volatile market. I also opened and Iron Fly with 4860/4890/4920 as a paper trade for 14.75 credit. My profit target for the Fly is between 7.5 to 10% of the credit received. I was able to close after just 35 minutes for the 7.5% target at13.50, adding 112 to my paper trade account. And that is how it was working for now about 8 trading days.
What I like:
- although 30 points width, your tail risk is lower, 1,800 to 1,900 on the IC vs 1,500 or less on the IF
- with a clear defined relatively low profit target (between 5 to 10%) your are out of a trade very quick.
Am I missing something?
SPX Jan 24th
#SyntheticShortStock – A few adjustments.
Bought to Close SPX Jan 26 2024 4855.0/4805.0 Bull Put Spread @ 5.25 (sold for 14.00)
———————————-
Sold SPX Jan 24 2024 4875.0 Put @ 5.00
Rolled SPX Jan 24 2024 4875.0 Put to Jan 24 2024 4890.0 Put @ 6.20 credit (11.20 total now)
———————————-
Rolled SPX Jan 24 2024 4865.0 Put to Jan 24 2024 4890.0 Put @ 8.70 credit (38.90 total now)
SPX Strategy
#spx0dte
At the open
$SPX STO 4915/4925 at .96
Closed at .15 ten minutes ago.
SPX trades 1/24
#SPX1dte Sold to Open $SPX Jan 24th 4825/4845-4925/4945 condors for .85, deltas -.07 +.05, IV 15.6%
SPX
#SyntheticShortStock – Added a second one another year out. 4 points per week for breakeven.
SPX Synthetic Short with protective call Dec 18 2026 4900/4900/5400 @ 116.00 debit
Sold SPX Jan 26 2024 4855.0/4805.0 Bull Put Spread @ 14.00 (I’ll be moving this to a regular short put tomorrow)
FXI
#CoveredCalls – Sold FXI Feb 02 2024 22.5 Calls @ .41
SPX Jan 23rd
#SyntheticShortStock #ShortPuts – Trying for a scalp against a 4865 short put against synthetic short stock.
Sold SPX Jan 23 2024 4870/4875 Bear Call Spreads @ 1.00
TQQQ,
STO March 15, 45 puts at 1.01
Bitcoin ETF
Added a tiny bit more of FBTC at $34.00
Avg cost now $37.33
Long Live The King??
Western Digital ($WDC) just replaced Nvidia ($NVDA) as Morgan Stanley’s Top Pick.
PS They still like $NVDA.
SPX trades 1/23
#SPX1dte Sold to Open $SPX Jan 23rd 4800/4820-4890/4910 condors for 1.30, deltas -.09 +.07, IV 16.5%
This is fairly tight and aggressive, so needs a quiet day to slip through.
SPX Expire
#spxcampaign
On the way up
$SPX STO 1/22 4900/4920 BECS @.40
On the way down
$SPX STO 1/22 4810/4790 BUPS @ .30
Both expired.
SPY
#ShortPuts – Taking 70 percent a month early.
Bought to Close SPY Feb 16 2024 460.0 Put @ .86 (sold for 3.16)
Bitcoin ETF
Added a tiny bit more IBIT at $23.00.
Avg cost now at $24.50
ADM Diagonal Put
Bought 1 ADM 02/16/2024 40.0 Put at $0.09
Sold 1 ADM 01/26/2024 50 Put at $0.42 for a $0.33 Credit for the first week.
Allows for 3 more writes against the long put before it expires.
#OnlySpreads
SPX Jan 22nd
#SyntheticShortStock #ShortPuts – Adding call spreads and rolling up short put for some protection.
Sold SPX Jan 22 2024 4865/4870 Bear Call Spreads @ 1.20
Rolled SPX Jan 22 2024 4855.0 Put to Jan 22 2024 4865 @ 5.95 credit (18.75 total now)
ADM
There must be a good options play here
“Why Food Processing Company Archer-Daniels-Midland Shares Are Sinking Today
Archer-Daniels-Midland Company (ADM.NaE) shares are trading lower after the company placed its CFO on administrative leave and updated its FY23 outlook on Sunday.
Also, the company has appointed Ismael Roig as its interim Chief Financial Officer.
The company placed Vikram Luthar on leave due to an investigation studying accounting practices and procedures related to its nutrition segment.
ADM’s investigation was initiated in response to the receipt of a voluntary document request by the U.S. Securities and Exchange Commission (SEC). ADM said it is cooperating with the SEC.
Terry Crews, Lead Director, said, “Pending the outcome of the investigation, the Board determined that it was advisable to place Mr. Luthar on administrative leave. The Board will continue to work in close coordination with ADM’s advisors to identify the best path forward and ensure ADM’s processes align with financial governance best practices.”
FY23 Outlook: The company now expects adjusted EPS of above $6.90 vs. consensus of $7.28.
Also, Archer-Daniels-Midland (ADM.NaE) expects to report fourth quarter and FY23 operating profit for its AS&O and Carbohydrate Solutions reporting segments in line with previous indications provided in the third quarter 2023 earnings call.
Due to the ongoing investigation, the company has withdrawn its outlook for the nutrition segment.
Also, Archer-Daniels-Midland (ADM.NaE) expects to delay its fourth-quarter earnings release and the filing of its Annual Report on Form 10-K.
Price Action: ADM shares are down 20.2% at $54.44 on the last check Monday.”
TQQQ,
I rolled my March 21 40 call position out to the June 50 call foor a credit of 5.55 this morning.
SPX
#SyntheticShortStock #ShortPuts – Small roll up.
Rolled SPX Jan 22 2024 4830.0 Put to Jan 22 2024 4855 @ 3.50 credit (12.80 total now)
SPX trades 1/22
#SPX1dte Sold to Open $SPX Jan 22nd 4790/4810-4895/4915 condors for 1.05, deltas -.07 +.06, IV 17.7%
Earnings 1/22 – 1/26
Economic calendar for 1/22 – 1/26
HE
#optionsexpiration
HE jan 19, 15 call sto .03
FXI
#OptionsExpiration – One expired.
FXI Jan 19 2024 24.0 Calls (sold for .38)
SPX
#SyntheticShortStock #ShortPuts – Last one today.
Bought to Close SPX Jan 19 2024 4805.0 Put @ .30 (sold for 31.40)
Sold SPX Jan 22 2024 4830.0 Put @ 9.30
MELI roll
Again.
Rolled 2/16 1420 put up to 2/16 1590 put @ 10.63 credit. Total premium from all rolls is now 91.60, so breakeven now 1498.
BA
#JadeLizards – It’s rallied back to the 200 day so selling some call spreads against short 220 puts setting up some Jade Lizards.
Sold BA Feb 16 2024 220/225 Bear Call Spreads @ 1.70 (7.00 total on each Lizard)
SPX
#SyntheticShortStock #ShortPuts – Let’s see if the old ATH can hold as support now.
Rolled SPX Jan 19 2024 4805.0 Put to Jan 19 2024 4820.0 Put @ 2.40 credit (31.40 total now)
SPX all time high
#Market All time high just breached. The previous high of 4818.62 was hit on 1/4/22, so just over two years since we’ve been here.
CELH downgrade
Down over 10% this morning. Sold $CELH 2/16 48.33 puts @ 1.29.
SPX
#SyntheticShortStock #ShortPuts – Adjusting keeping the deltas fairly flat.
Rolled SPX Jan 19 2024 4790.0 Put to Jan 19 2024 4805.0 Put @ 6.10 credit (29.00 total now)
SMCI
Wow.
TQQQ,
STO MArch 1, 43 puts at .78
TQQQ, Adding to my short
STO FEB. 9, 42 puts at .27
STO FEB, 16, 41 puts at .34
SPX
#SyntheticShortStock #ShortPuts – Adjusting keeping the deltas fairly flat.
Rolled SPX Jan 19 2024 4775.0 Put to Jan 19 2024 4790.0 Put @ 5.60 credit (22.90 total now)
SPX trades 1/19
#SPX1dte Sold to Open $SPX Jan 19th 4750/4730 put spreads for .50, delta -.08, IV 20.6%
I will be able to see my long Jan 19th 4845/4865 call spreads for at least some profit today. Looking for another spike up to sell first half. I will also look to sell a higher call spread at that point.
VXX Long Term Put
Bought VXX Jan 17 2025 5.0 Puts at $0.10.
I expect to hold these through the next reverse split
SPY Expirations
1 SPY 01/18/2024 470.00 Put
1 SPY 01/18/2024 471.00 Put
SPY 01/18/2024 472.00 Puts
SPX
#SyntheticShortStock #ShortPuts – Adjusting for tomorrow.
Rolled SPX Jan 19 2024 4760.0 Put to Jan 19 2024 4775.0 Put @ 5.75 credit (17.30 total now)
CVX
Added some CVX at $140.00. Div = 4.22%
#SP500 #FallingKnife
Bitcoin ETFs
Added a tiny bit of FBTC at $36.00
Added a tiny bit of IBIT at $24.00
Closing ULTA
Bought to close $ULTA Feb 2 500/510 bear call spread @ .60, taking position off for 70% of the available profit. Sold for 2.00 on 12/22.
SPY Expiration 1/17
1 SPY 473 Call
SPY 471 Puts
SPX trades 1/18
#SPX1dte Sold to Open $SPX Jan 18th 4690/4710-4790/4810 condors for 1.40, deltas -.08 +.08, IV 18.6%
SPX Trade
#0dte
On the way down this morning
$SPX STO 1/17 4700/4680 at .99. The .05 buy back was hit.
XBI
#ShortPuts – Adding.
Sold XBI Feb 16 2024 81.0 Puts @ .90
SPX
#SyntheticShortStock – I’ve been paper trading this for the last month and like the possibilities so finally did it for real last Friday. Didn’t post because it could be risky. It’s a long term short, selling daily (or rolling) against it. Planning to make the money on the back end since max risk is pretty easy to recover quickly….unless a massive selloff turns it very profitable I’ll try to hold it. Might eventually add a long term long to it and sell daily against both sides.
SPX Synthetic Short with protective call Dec 19 2025 4800/4800/5300 @ 51.05 debit
Sold SPX Jan 16 2024 4770.0 Put @ 9.00
Then:
Rolled SPX Jan 16 2024 4770.0 Put to Jan 17 2024 4765.0 Put @ 2.55 credit (11.55 total now)
SPY
#ShortPuts – Take a shot at the 50 day.
Sold SPY Feb 16 2024 460.0 Put @ 3.16
BA
#ShortPuts – A couple rolls.
Rolled BA Jan 19 2024 220.0 Put to Feb 16 2024 220.0 Put @ 2.35 credit (5.75 total now)
Rolled BA Jan 26 2024 220.0 Put to Feb 16 2024 220.0 Put @ 1.80 credit (4.80 total now)
BA
#ShortPuts #CoveredCalls – Early assignment on this:
Sold BA Feb 02 2024 240.0/230.0 Bull Put Spread @ 6.00
So:
Sold to Close BA Feb 02 2024 230.0 Put @ 26.10
Stock basis after assignment is 207.90 so covering it.
Sold BA Jan 26 2024 207.5 Call @ 3.40
3 point gain if called away. Earnings on the 31st so more good premium there.
#YMAX BTO small position to…
#YMAX
BTO small position to open
#MARA #shortputs BTC JAN 19,…
#MARA
#shortputs
BTC JAN 19, 16 AND 17 mara puts/@ .12 and .32
had sto 7.03and 6.12 plus some rolling credits.
still hanging on to a 17 put that expires in March
#kickthecan
SPX trades 1/17
#SPX1dte Sold to Open $SPX Jan 17th 4680/4700-4790/4810 condors for 1.05, deltas -.06 +.06, IV 20%
SPY Expiration
1 SPY Jan 16 2024 472.00 Put
Taking profits on ARM
With the expiration coming up on Friday and the stock around 68.50 and drifting down over the last week I took the position off for a profit and taking the risk off.
Bought to close $ARM Jan 19 67 puts @ .67. With a previous rollup total premium taken in was 2.38. Overall profit 1.71.
TQQQSTO February16, 41 puts at…
TQQQSTO February16, 41 puts at .52
TQQQ,
STO February 9, 42 puts at .50 cents
Another Existential Threat?
“It’s an existential threat to the food industry and certainly an existential threat to the processed food industry.”
— Marion Nestle, an emeritus professor of nutrition, food studies and public health at New York University, on how popular weight loss drugs like Ozempic could upend the marketing of snack foods in America.
Nestle is the very best … chocolate. Hmmmmmm?
Bitcoin ETFs
Added a tiny bit of FBTC at $37.00
SPX trades 1/16
#SPX1dte STOPPED Bought to close $SPX Jan 16th 4730/4710 put spreads for 1.70. Condors sold Friday for 1.05.
May be only second or third time I have ever gotten up two hours early because I rolled over in bed to check futures on my phone. Last January being down 27 points on SPX was not a worry, but with this year’s tighter spreads it is the stopping point. Stop was touched soon after midnight PT.
I’ll be back at normal waking hours to look for a new condor sale.
Earnings 1/15-1/19
Economic Calendar 1/15 – 1/19
BOIL
Stay warm everyone and get ready to load up on the BOIL call spread sales! LOL
According to Bloomberg, cold weather has skyrocketed spot prices at the US Henry Hub in Louisiana by 300% to as high as $17 per million British thermal units. That compared to $3.31 for the Feb NatGas contract on Friday.
The catalyst for soaring spot prices is the mounting risk of so-called freeze-offs, which can bring NatGas production offline, thus curbing supplies.
https://www.zerohedge.com/commodities/polar-blast-sends-power-prices-soaring-spot-natgas-ripping-and-risk-freeze-offs
SPY Expiration
SPY 480 and 477 Calls
SPY 473 Put
Bitcoin
For what it’s worth…according to Sosnoff a lot of the early volume is internal trading to make themselves look good. Not all of these will survive.
SPX 1dte
#SPX1dte Sold to Open $SPX Jan 16th 4710/4730-4840/4860 condors for 1.05, deltas -.07 +.06, IV 7.3%
Bitcoin ETFs
Dipping my little toe in
Bought a tiny bit of FBTC at $40, $39 and $38.00.
Scaling in slowly
Bought a tiny bit of IBIT at $26 and $25.
Options should be available eventually.
SPX trades 1/12
#SPX1dte Sold to Open $SPX Jan 12th 4710/4730-4820/4840 condors for 1.10, deltas -.06 +.07, IV 20.6%
Rolling UPST
With the short puts pretty well in the money, I decided to play a bounce at the 50 DMA and roll $UPST Jan 19 40 puts out to Feb 16 40 puts @ 2.22 credit, total premium taken in with this roll is 4.60.
Rolling COIN iron condor
With the stock breaching the short put strike, I rolled $COIN Jan 19 135/145/230/240 iron condor out to Feb 16 120/130/165/175 iron condor @ .36 credit.
Original trade from 12/29.
Options Bistro 