#ShortPuts – Adding.
Sold XBI Feb 16 2024 82.0 Puts @ .90
Category Archives: Uncategorized
TQQQ,
STO, Feb. 23, 40 puts at .71
TQQQ,
STO February 2, 43 puts at .44
SPX trades 1/11
#SPX1dte Right after the data release, sold to open $SPX Jan 11th 4720/4700 put spreads for .80, delta -.07, IV 24.9%.
Inflation hotter than expected, which means my long call spreads may be doomed.
More Earnings Coming
BA
#BullPutSpreads – Short puts looking good so taking a more directional shot for earnings week. Might close it prior if it keeps running.
Sold BA Feb 02 2024 240.0/230.0 Bull Put Spread @ 6.00
XBI
#ShortPuts – Starter in Feb. at the 200 day. Come and get ’em!
Sold XBI Feb 16 2024 80.0 Puts @ .47
SPX trades 1/10
#SPX1dte Sold to Open $SPX Jan 10th 4700/4720-4790/4810 condors for 1.20, deltas -.08 +.07, IV 16.9%
XBI
#ShortPuts – Taking them a week early.
Bought to Close XBI Jan 19 2024 82.0 Puts @ .02 (sold for .94)
Bought to Close XBI Jan 19 2024 83.0 Put @ .03 (sold for 1.14)
Bought to Close XBI Jan 19 2024 84.0 Put @ .04 (sold for 1.43)
SPY
#ShortPuts – Finishing up legging out of some bear put spreads. Closed the long side on the dip and taking the short side now on the bounce.
Bought to Close SPY Jan 17 2025 425.0 Puts @ 11.70 (sold for 14.90…which includes the gain on the long side)
TQQQ,
STO January 19, 45 puts at .39
TQQQ,
STO January 19, 48 puts at 1.25
SPX trades 1/9
#SPX1dte. Whipsaw week so far. Stopped out before the open on put side for 2.70.
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 9th 4700/4720-4805/4825 condors for .95, deltas -.07 +.04, IV 11%
SNOW Rollout
Rolled $SNOW Jan 19 190 puts out to Feb 16 190 puts @ 4.24 credit. Total premium now 29.23 on the put sales and rolls so if I’m assigned at 190 my basis will be around 161.
SPY
#ShortPuts – Was selling these against bear put spreads. Out of those so bailing on this while I have a chance.
Bought to Close SPY Jan 12 2024 470.0 Puts @ 2.12 (sold for 1.90)
TLT
#ShortPuts – Nice bounce today so good day for some rolls.
Rolled TLT Jan 19 2024 97.5 Puts to Feb 16 2024 97.0 Puts @ .69 credit (1.29 total now)
Rolled TLT Jan 19 2024 98.0 Puts to Feb 16 2024 98.0 Puts @ .93 credit (1.65 total now)
Rolled TLT Jan 19 2024 98.5 Puts to Feb 16 2024 97.0 Puts @ even (.72 total now)
Rolled TLT Jan 19 2024 99.0 Puts to Feb 16 2024 98.0 Puts @ .18 credit (.85 total now)
Rolled TLT Jan 19 2024 99.5 Puts to Feb 16 2024 99.0 Puts @ .39 credit (1.69 total now)
BA
#ShortPuts – Couldn’t resist.
Sold BA Jan 19 2024 220.0 Put @ 3.40
Earnings season Starts
SPX trades 1/8
#SPX1dte Sold to Open $SPX 4645/4660-4740/4755 condors for .80, deltas -.06 +.05, IV 17.7%
This is 15-wide wings, not my usual 20. For some reason I got “invalid order” when I tried it with the 4640 & 4760 long options, so perhaps one of them isn’t offered. Due to the lower risk with 150wide, I increased my position size by about a third.
@)@# Looks Bad If You Have Caps On And Type 2023
Last years performance not great
Buy Calls 50 trades Lost money (Stop buying calls)
Sell Calls 300 trades lost money (bad rolls – know when to fold them)
Sell Puts 223 trades made money offsetting all of the above (Think Mike, what does that tell you)
BUCS 64 trades Lost money
BUPS 65 trades Made money offsetting BUCS
BECS 53 Trades Made money
$SPX Strategy
BUPS 159 trades Lost money. Lesson learned. Trade these and stay close to your trading device.
BECS 136 trades Made money offsetting half of the BUPS loss above.
Thanks to everyone who makes this community a great learning experience.
Make 2024 the BEST ever.
Expiration
#optionsexpiration
$AI 32 call
$AI 30 put
SPY Expiration Friday
SPY Jan 03 2024 473 Calls
SPY Jan 05 2024 472 Calls
#OnlySpreads
Economic Calendar 1/8 – 1/12
CPI Report Thursday
Bond Auctions Wednesday & Thursday
SPX trades 1/5
#SPX1dte Waited for 30 minutes after Jobs report…
Sold to Open $SPX Jan 5th 4620/4640-4735/4755 condors for 1.05, deltas -.06 +.06, IV 22.1%
December Jobs Report
#Jobs — Higher than expected.
Gain of +216,000 non-farm payroll jobs, vs. expected gain of 175K
Unemployment unchanged at 3.7%
U6 unemployment 7.1%, up by 0.1
Labor force participation at 62.5%, down by 0.3
Average hourly earnings up by 0.4%; 4.1% increase over the year
October jobs revised down by -45K to +105K
November jobs revised down by -26K to 173K
MARA
#ShortPuts – Taking 60 percent a couple weeks early.
Bought to Close MARA Jan 19 2024 17.5 Puts @ .32 (sold for .82)
SPX trades 1/4
#SPX1dte Sold to Open $SPX Jan 5th (next day) 4625/4645-4780/4800 condors for 1.00, deltas -.05 +.05, IV 15.5%
Today’s condor nicely centered and should expire. This new one is for tomorrow… there is the Jobs report in the morning, but I’m getting a nice width here so I’m comfortable.
SPY Expiration
1 SPY Jan 03 2024 469 Call
1 SPY Jan 03 2024 471 Call
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 4th 4635/4655-4750/4770 condors for .95, deltas -.05 +.06, IV 12.4%
Condor from this morning expired. My error in setting up a close order led me to keep watch, and since we didn’t went lower than the morning dip (until right before the close), I rode it out to victory!
$SPX BUPS Close
#spxcampaign
$SPX BTC 1/3 4670/4690 at .10. Sold at open at 1.31. Very skewed fill. Call side sold at .04 and hopefully expires.
NOC
#SyntheticShortStock – Won’t bore you with the details. Not a big fan of the liquidity and the cheap market makers so bailed on the whole thing.
Lost .52 on two spreads.
SPY
#BearPutSpreads – Catching up on this week. Yesterday on the early dip closed long puts and left shorts alone.
Originally a 475/425 BePS @ 10.50 basis
Sold SPY JAN 17 2025 475.0 puts @ 25.40
Leaving Jan 2025 425 short puts @ 14.90 credit
Hoping for a little bounce now to get out of weekly short puts I was selling against the position.
NFLX put spread
Sold to open $NFLX Feb 16 415/405 bull put spread @ 1.47, short puts 17 delta. Earnings are 1/23 so I will be closing this before then.
SPY Puts
SPY Puts
Sold 1 SPY Jan 08 2024 465 Put at $0.65
Sold 1 SPY Jan 08 2024 466 Put at $0.81
Sold 1 SPY Jan 09 2024 464 Put at $0.84
Paired with SPY Bear Call Spreads already on the books
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 3rd 4670/4690-4775/4795 condors for 1.05, deltas -.06 +.05, IV 18.9%
Expiration SPX
#spxcampaign
$SPX 4690/4710 – 4785/4805. STO at .85 around 10 AM Thank you @jeffcp66
According to Bloomberg
Wanted to make sure I provided a citation
Almost a third of the 417 respondents to Bloomberg’s latest Markets Live Pulse survey say they will increase their China investments over the next 12 months. That compares with just 19% in a similar August survey and is higher than the 25% who planned to boost exposure in March last year. After funds trimmed exposure to the country’s shares to the lowest levels in years, only a fifth of the survey’s respondents now anticipate cutting their China holdings. Chinese stocks peaked in early 2021 and have since slumped almost 60%, with the MSCI China Index lagging an index of global stocks for three consecutive years — the longest streak since 2001.
SPX trades 1/2
#SPX1dte Sold to Open $SPX Jan 2nd 4680/4700-4795/4815 condors for 1.10, deltas -.06 +.05, IV 20.7%
Happy Healthy Prosperous 2024 – Thank you all so much
COIN Iron Condor
Sold to open $COIN Jan 19 135/145/230/240 iron condor @ 2.34. Short strikes around 15 delta.
SPY
SPY: Selling against 475/425 Bear Put Spreads out to Jan 2025. Giving it a little more room next week.
Rolled SPY Dec 29 2023 475.0 Puts to Jan 5 2024 472.0 Puts @ .60 credit (1.95 total now)
TLT
#LongStock #CoveredCalls – Letting my highest basis stock go for small profits and replacing with put sales. Getting a chunk of cash back into the 5 percent MM. Still holding long stock from 95 down to 85.
Sold Covered Stock @ 98.90 and 98.80 (basis 98.25)
Sold TLT Jan 19 2024 97.5 Puts @ .60
Sold TLT Jan 19 2024 99.5 Puts @ 1.30
SPX trades 12/29
#SPX1dte Sold to Open $SPX Dec 29th 4720/4740-4825/4845 condors for .90, deltas -.06 +.06, IV 18.7%
Third day out of four this week that I have doubled down, taking advantage of the typically quiet holiday week. Watching today closely in case there is any larger moves due to last-day-of-year loading or unloading.
Economic Calendar 1/1 – 1/5
SPX Expire
#spxcampaign #optionsexpiration
$SPX 4735/4715 – 4835/4815 and 4760/4740 – 4820/4840. STO at 1.82
MARA
#ShortPuts – I’m bored.
Sold MARA Jan 19 2024 17.5 Puts @ .82
TLT
#ShortPuts – Adding.
Sold TLT Jan 19 2024 98.5 Puts @ .72
Sold TLT Jan 19 2024 98.0 Puts @ .72
AI,
BTO, March 15, 25 calls at 7.40, The short interest is above 30% according to Fidelity and SMM put the stock on their active trader list. It is a small position but if it runs it will pay for some nice wine.
BITO Put
#shortputs
$BITO STO 1/19 20 put at 1.02
ARM Put Close
#shortputs
$ARM BTC 1/19 57.5 put at .10. STO at 1.08 on 12/12. Thank you @ramie77
SPX trades 12/28
#SPX1dte Doubling down with a second condor: Sold to Open $SPX Dec 28th 4735/4755-4820/4840 condors for .90, deltas -.09 +.05, IV 14.9%
This is 20 points higher on put side and 5 points higher on call side.
Expiration
#spxcampaign
$SPX 12/27 4745/4725 BUPS. Sold on the 11 AM Dip at .50
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 28th 4715/4735-4815/4835 condors for .90, deltas -.07 +.06, IV 10.6%
Expiring: Dec 27th 4845/4825 put spreads, sold yesterday for .80
TLT
#ShortPuts – Jan starter size.
Sold TLT Jan 19 2024 99.0 Puts @ .85
TLT
#ShortPuts – Decent size position for me so gotta take it after this move.
Bought to Close TLT Dec 29 2023 99.0 Puts @ .09 (sold for 1.00)
Bought to Close TLT Dec 29 2023 100.0 Puts @ .29 (sold for 1.37)
Bought to Close TLT Dec 29 2023 101.0 Put @ .81 (sold for 1.87)
SPY
SPY: Selling against 475/425 Bear Put Spreads out to Jan 2025.
Bought to Close SPY Dec 26 2023 475.0 Puts @ .03 (sold for 1.75)
Sold SPY Dec 29 2023 475.0 Puts @ 1.35
UPST short puts
Sold to open $UPST Jan 19 40 puts @ 2.38
TQQQ,
STO January 5, 47 puts at .37 cents.
Economic Calendar 12/25 – 12/29
SPX trades 12/26
#SPX1dte Adding to condor sold on Friday: Sold to Open $SPX Dec 26th 4705/4725-4790/4810 condors for 1.15, deltas -.07 +.07, IV 15.7%. Obviously, I’m assuming a pretty quiet day.
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 26th 4690/4710-4800/4820 condors for 1.00, deltas -.06 +.06, IV 6.4%
Expired
#optionsexpiration
$AI 30.5 call
$TSLA 262.5 call
$AMD 144 call
Merry Christmas / Holiday Greetings
Interesting???
The November PCE prices report fell 0.1% month over month, better than the forecasted rise of 0.1%. The year over year rate was 2.6%, which was also better than the estimate. The core rate, which excludes food and energy prices, was expected to rise 0.2% but only rose 0.1%, which adds to a string of positive inflation news. Additionally, the core year-over-year rate was 3.2%, an improvement to the forecasted 3.3%. The PCE is the Federal Reserve’s favored inflation gauge, and while it has fallen most of the year, it remains above the central bank’s 2% long-term target.
Personal Income was up 0.4% in November as expected, while Personal Spending rose 0.2%. Consumers appear to still be doing well, which could be a good sign for the economy.
Chinese video game and software stocks fell on Friday after Chinese regulators announced new gaming restrictions in the government’s campaign to curb gaming addiction. The plan is to limit the amount of money and time spent online. NetEase (NTES) and Bilibili (BILI) were among the losers tumbling 21% and 11% respectively overnight.
NVDA strong buy signal!! ?
FXI SPY TLT XBI
#ShortPuts #CoveredCalls – A few today.
FXI: Selling against synthetic stock.
Bought to Close FXI Dec 22 2023 23.5 Calls @ .01 (sold for .17)
Sold FXI Jan 19 2024 24.0 Calls @ .38
SPY: Added 475/425 Bear Put Spreads @ 11.60 out to Jan 2025 earlier in the week. Been selling against it to hopefully make it zero cost eventually.
Rolled SPY Dec 22 2023 475.0 Puts to Dec 26 2023 475.0 Puts @ .60 credit (1.75 total now)
TLT: Rolling a few and adding covered straddle.
Rolled TLT Dec 22 2023 99.0 Puts to Dec 29 2023 99.0 Puts @ .43 credit (1.43 total now)
Rolled TLT Dec 22 2023 100.0 Put to Dec 29 2023 100.0 Put @ .18 credit (1.74 total now)
Considering letting lowest cost block of stock get called away if these get hit:
Sold TLT Dec 29 2023 99.0 Calls @ .45
XBI: Another round.
Bought to Close XBI Dec 22 2023 84.0 Puts @ .01 (sold for .86 and .87)
Sold XBI Jan 19 2024 82.0 Puts @ .94
Sold XBI Jan 19 2024 83.0 Put @ 1.14
Sold XBI Jan 19 2024 84.0 Put @ 1.43
Fading ULTA
Looking like a top forming over most of December. Sold to open $ULTA Feb 2 500/510 bear call spread @ 2.00. Short calls 27 delta.
SPX trades 12/22
#SPX1dte Sold to Open $SPX Dec 22nd 4690/4710-4800/4820 condors for 1.25, deltas -.08 +.07, IV 21.4%
SPY Calls barely working
SPY Expiration:
SPY 481/474 Bear Call Spread
SPY 481/473 Bear Call Spreads
TLT
#ShortPuts – Still using weekly gains to buy back covered calls. Hoping to get most of them back within a couple months.
Bought to Close TLT Dec 22 2023 97.5 Puts @.03 (sold for .50)
Bought to Close TLT Dec 22 2023 98.0 Puts @ .05 (sold for .70)
Sold TLT Dec 29 2023 99.0 Puts @ .67
Sold TLT Dec 29 2023 100.0 Puts @ 1.19
Sold TLT Dec 29 2023 101.0 Puts @ 1.87
Still watching 99 and 100 strike for tomorrow.
BOIL Put
Rolled this week’s short 30 Puts to next week’s 29 Puts at $0.40 Credit and picked up a point on the short strike
First good news on this one in a while
FXI
#SyntheticStock #ShortPuts – After reading this yesterday I’m thinning the herd. Keeping synthetic and beefing up disaster puts just in case.
https://www.zerohedge.com/geopolitical/graham-expresses-fury-report-xi-warned-biden-hell-reunify-taiwan-china
“Graham expressed outrage and called for bipartisan efforts to work toward urgently beefing up Taiwan’s defenses and military capabilities. “This story as reported is beyond unnerving,” Graham stated on X Wednesday. “I will be working with Democratic and Republican Senators to do two things quickly. First, create a robust defense supplemental for Taiwan and second, draft pre-invasion sanctions from hell to impose on China if they take action to seize Taiwan.”
Sold assigned stock @ 23.38 (basis 23.47)
Bought to Close FXI Dec 22 2023 24.0 Puts @ .62 (sold for .65)
Bought to Close FXI Dec 29 2023 24.5 Puts @ 1.12 (sold for .98)
Bought to Close FXI Jan 05 2024 24.0 Puts @ .84 (sold for .82)
Bought to Close FXI Jan 12 2024 23.5 Puts @ .62 (sold for .63)
Total loss about 60 bucks.
SPX trades 12/21
#SPX1dte Sold to Open $SPX Dec 21st 4665/4685-4775/4795 condors for 1.35, deltas -.11 +.07, IV 21%
Aggressive on downside as bounce is likely.
SPY Calls finally working again
SPY Expiration
SPY Dec 20 2023 481/475 Bear Call Spread
Options Bistro 