Bought a tiny bit of GLW at $25.72. Div = 4.15%
Added a tiny bit more to AAP at $48.00.
#SP500 #FallingKnife
Category Archives: Uncategorized
SPY Condor 1dte
Sold 1 SPY October 25 2023 408/413/428/433 Condor at $0.55 Credit
#OnlySpreads
TQQQ TNA MSFT GOOGL Spreads
Bought 1 TQQQ Oct 27 2023 38 Call/ Sold 1 TQQQ Oct 27 2023 36 Call at $0.37 Credit
Bought 1 TQQQ Oct 27 2023 39 Call/ Sold 1 TQQQ Oct 27 2023 37 Call at $0.30 Credit
Bought 1 TNA Oct 27 2023 26.5 Call/ Sold 1 TNA Oct 27 2023 24.5 Call at $0.33 Credit
Bought 1 TNA Oct 27 2023 27 Call/ Sold 1 TNA Oct 27 2023 25 Call at $0.30 Credit
Bought 1 GOOGL Oct 27 2023 152.5 Call/ Sold 1 GOOGL Oct 27 2023 148 Call at $0.30 Credit
Bought 1 GOOGL Oct 27 2023 152.5 Call/ Sold 1 GOOGL Oct 27 2023 149 Call at $0.30 Credit
Bought 1 MSFT Oct 27 2023 360 Call/ Sold 1 MSFT Oct 27 2023 355 Call at $0.30 Credit
Bought 1 WM Oct 27 2023 167.5 Call/ Sold 1 WM Oct 27 2023 162.5 Call at $0.40 Credit
#OnlySpreads
SPX trades today
#SPX1dte BTC $SPX Oct 24th 4145/4125 put spreads for .10. Condors sold yesterday for 1.20.
MACD bearish crossover in futures half-hour ago, but it may be short-lived. Call side stop has not been breached.
SPX next day
#SPX1dte Sold to Open $SPX Oct 24th 4125/4145-4280/4300 condors for 1.20, deltas -.06 +.06, IV 20.3%
UVXY Bear Call Spreads
Bought UVXY Nov 03 2023 25.0 Calls / Sold UVXY Nov 03 2023 20.0 Calls at $0.58 Credit
Bought UVXY Nov 10 2023 25.0 Calls / Sold UVXY Nov 10 2023 20.0 Calls at $0.68 Credit
Bought 1 UVXY Nov 17 2023 27.0 Call / Sold 1 UVXY Nov 17 2023 20.0 Call at $0.58 Credit
#OnlySpreads
Stocks at new lows
Added to my position in TSN at $45.00. Div = 4.14%
Started a tiny position in UPS at $150.00. Div = 4.26%
Added to my position in AAP at $49.00, Div = 1.95% after they cut the qtrly divvy from 1.50 to 0.25
#SP500 #FallingKnife
VIX Collapse
Sold UVXY Oct 27 2023 15.5 Puts at $0.12.
Paired with many short Call spreads
#OnlySpreads
TLT
#SyntheticCoveredCalls #CoveredCalls – TLT getting frisky so taking half off. Leaves a few dollars possible profit in the rest of the attempted double dip.
Bought to Close TLT Oct 27 2023 85.5 Calls @ .44 (sold for .28 and .29)
VXX CVS Calls
Sold 1 VXX 10/27/2023 27.50 Call at $0.74
Sold 1 CVS 10/27/2023 71.0 Call at $0.27
#OnlySpreads
Covered Calls and new puts
Sold AAP Oct 27 2023 52 Call at $0.30
Sold WBA Oct 27 2023 23 Calls at $0.06
Sold WBA Oct 27 2023 23.5 Calls at $0.04
Sold ZION Oct 27 2023 32 Call at $0.25
#CoveredCalls
Sold GM Oct 27 2023 27.5 Put at $0.25
Sold PENN Oct 27 2023 18.5 Put at $0.10
Sold VZ Oct 27 2023 29.5 Put at $0.12
Sold SYF Nov 17 2023 24 Put at $0.25
#SP500 #FallingKnife
Economic Calendar 10/23 – 10/27
SPX same day
#SPX1dte Sold to Open $SPX Oct 23rd 4130/4150-4275/4295 condors for 1.15, deltas -.05 +.05, IV 30.7%
OptionsExpiration
Letting go of most of my long stock, getting close to all cash in one account
Assigned on DG 108/109/111 Covered Calls
Assigned on UVXY 17/17.5/18.5 Covered Calls
In another account, Assigned 1 GAP 11.0 Covered Call at 11.oo. I was put at 10.50 a couple of weeks ago.
In one last account, Assigned 1 ZION 30. Put at 30.00.
Selling a call on Monday.
SPY
#ShortPuts – Nice to see some premium below 400 again. LOL
Sold SPY Dec 15 2023 390.0 Put @ 3.80
NOC
#SyntheticShortStock – Keeping a little upside help on for earnings.
Rolled NOC Oct 20 2023 490.0 Put to Oct 27 2023 490.0 Put @ 7.00 credit (14.50 total now)
TSLA
#SyntheticStock – Still looking weak. Rolling short call down to an even number (possible support) since it looks like the 200 day isn’t holding.
Rolled TSLA Oct 27 2023 212.50 Call to Oct 27 2023 200.0 Call @ 8.50 credit (19.30 total now)
TLT
#ShortPuts – Adding one.
Sold TLT Nov 17 2023 85.0 Put @ 3.05
Closing COIN put spread
Taking advantage of today’s move up to get out for most of the profit. Bought to close $COIN Oct 20 75/70 bull put spread @ .31. Sold for 1.24 on 9/18.
TLT
#CoveredCalls #SyntheticCoveredCalls #SyntheticDividends – Another round. Going for the double dip.
Bought to Close TLT Oct 27 2023 88.0 Calls @ .06 (sold for .72 and .77)
Sold TLT Oct 27 2023 85.5 Calls @ .28 and .29
SPY
#CoveredCalls – Taking an assignment at 431.65 basis just to have something to play with. Selling next Monday against it.
Sold SPY Oct 23 2023 423.0 Call @ 2.60
SPX same day
#SPX1dte Sold to Open $SPX Oct 20th 4180/4200-4325/4345 condors for 1.30, deltas -.06 +.07, IV 32.5%
SPY
#ShortPuts – Adding at the bottom of the ladder. At the expected move and well below the 200 day.
Sold SPY Dec 01 2023 400.0 Put @ 3.15
@fuzzballl Are you loading up…
Are you loading up on XBI or waiting for a better price?
🙂
VIX high
$SPX was lower a couple weeks ago, but this is a new $VIX high, highest since March.
MMM TGT Covered Calls Rolled
Bought to close 1 MMM 10/20/2023 93.0 Covered Call at $$0.04.
Sold 1 MMM 10/27/2023 94.0 Covered Call at $0.45 + added one point to the short strike.
Bought to close 1 TGT 10/20/2023 117.0 Covered Call at $$0.04.
Sold 1 TGT 10/27/2023 117.0 Covered Call at $0.35
#CoveredCalls
CVS DG calls rolled
Rolled CVS 10/20/2023 74.0 Calls to CVS 10/27/2023 74.0 Calls at $0.14 Credit
Rolled 1 DG 10/20/2023 113.0 Call to 1 DG 10/27/2023 115.0 Call at $0.02 Credit and added 2 points to the short strike.
#OnlySpreads
TSLA
#SyntheticStock – Taking a shot here with plenty of time to work.
Bought TSLA Jan 16 2026 220/220/175 Synthetic Stock @ 54.20
Sold TSLA Oct 27 2023 220.0 Call @ 6.50
Will roll my 4 dollar loss on the earnings trade into this and start with a 58.20 debit. The synthetic keeps a lot more cash in the sweep drawing 5 percent vs taking stock.
EDIT: Rolled next week’s short 220 call down to 212.5 for 4.30 credit. Gives protection down to around the 200 day…(and guarantees a bounce!) LOL
SPY
#ShortPuts – Taking a little risk off on the tiny bounce.
Bought to Close SPY Oct 20 2023 425.0 Put @ .63 (sold for 2.10)
Bought to Close SPY Oct 20 2023 430.0 Puts @ 2.13 (sold for 2.10)
Bought to Close SPY Oct 27 2023 425.0 Put @ 2.55 (sold for 2.60)
SPX same day
#SPX1dte Sold to Open $SPX 4265/4245 put spreads for .95, delta -.09, IV 31.6%
Futures were flat when jobless claims report came out and then we ticked a bit higher. MACD bullish crossover on 5-min chart. I will look to sell call side and roll up put side if strength continues.
IVZ Stock
Added a tiny bit of IVZ at $13.00. Div = 6.0%
#SP500 #FallingKnife
TSLA Earnings
#Earnings #BullPutSpreads – Tried this last time and stock sold off. Eventually got out at even. Might as well try again! Selling ITM with the plan of taking stock again if it implodes (I’ll sell the long side Fri afternoon).
Sold TSLA Oct 20 2023 255/245 BuPS @ 6.05
TLT
#ShortPuts – A couple.
Rolled TLT Oct 20 2023 88.0 Puts to Nov 17 2023 88.0 Puts @ .75 credit (2.90 total now)
Early assigned on 89 and 90 strikes at 87.05 basis so:
Sold TLT Nov 03 2023 88.0 Calls @ .47
VXX UVXY Diagonal Calls
Sold 1 VXX 10/27/2023 30.0 / VXX 10/20/2023 25.0 Diagonal Bear Call Spread at $0.19 Credit
Sold 1 VXX 10/27/2023 31.0 / VXX 10/20/2023 25.5 Diagonal Bear Call Spread at $0.12 Credit
Sold 1 UVXY 10/27/2023 25.0 / UVXY 10/20/2023 18.5 Diagonal Bear Call Spread at $0.12 Credit
#OnlySpreads
SPY
#ShortPuts – Adding at the expected move and below the 200 day.
Sold SPY Nov 24 2023 415.0 Put @ 3.32
SPX same day
#SPX1dte Sold to Open $SPX Oct 18th 4280/4300-4405/4425 condors for 1.20, deltas -.06 +.07, IV 26.9%
MELI rolling
With the stock at 1237, rolled short $MELI Oct 20 1120 put down and out to Nov 17 1050 put (13 delta) @ 12.80 credit. Earnings expected 11/2. Total credit now 18.50.
UVXY DG Covered Calls
Very early Rolls:
Rolled 1 UVXY 10/20/2023 20.5 Covered Call to UVXY 10/27/2023 20.5 Covered Call at $0.37 Credit
Rolled UVXY 10/20/2023 20.0 Covered Calls to UVXY 10/27/2023 20.0 Covered Calls at $0.37 Credit
Rolled 1 UVXY 10/20/2023 19.5 Covered Call to 1 UVXY 10/27/2023 20.0 Covered Call at $0.37 Credit
Rolled DG 10/20/2023 113.0 Covered Calls to DG 10/27/2023 114.0 Covered Calls at $0.30 Credit + added a point to the short strike
#CoveredCalls
AAP CVS DG Calls
Sold 1 AAP 10/20/2023 58/56 Bear Call Spread at $0.30 Credit
Sold 1 AAP 10/27/2023 60.0 / AAP 10/20/2023 56.0 Diagonal Bear Call Spread at $0.32 Credit
Sold 1 CVS 10/27/2023 77/74 Bear Call Spread at $0.22 Credit
Sold 1 CVS 10/27/2023 77.0 / CVS 10/20/2023 73.0 Diagonal Bear Call Spread at $0.15 Credit
Sold 1 DG 10/27/2023 124.0 / DG 10/20/2023 119.0 Diagonal Bear Call Spread at $0.40 Credit
Sold 1 DG 10/27/2023 125.0 / DG 10/20/2023 120.0 Diagonal Bear Call Spread at $0.25 Credit
#OnlySpreads
XBI
#ShortStrangles – Selling against short puts.
Sold XBI Nov 17 2023 76.0 Calls @ .63
$SPX trades 10/17
1. STO 10/17 4310/4290 put spread @ 1.75
Rolled 4310 puts up to 4325 @ 1.45 credit
Rolled 4325 puts up to 4335 @ .80 credit
BTC @ .45
Profit: 3.55
2. STO 10/17 4370/4390 call spread @ 1.80
BTC @ 2.80
Loss: (1.00)
3. STO 10/18 4315/4285 put spread @ 2.40, short put 15 delta. Lowering position size by 40%.
Rolled 4315 puts up to 4335 @ 2.00 credit
BTC @ 3.55
Profit: .85
4. STO 10/18 4345/4325 put spread @ 1.80, short puts 15 delta
BTC @ 3.00
Loss: (1.20)
5. STO 10/18 4420/4440 call spread @ 1.75, short calls 13 delta
BTC @ 1.00
Profit: .75
6. STO 10/18 4320/4300 put spread @ 1.90, short puts 15 delta
BTC @ 2.85
Loss: (.95)
I’m likely done for today.
Total profit for the day: 2.00
SPX same day
#SPX1dte Sold to Open $SPX Oct 17th 4280/4300-4405/4425 condors for 1.25, deltas -.06 +.06, IV 26.4%
ZION Put
Sold 1 ZION Oct 20 2023 30.00 Put at $0.20
Economic Calendar 10/16 – 10/20
CVS TGT DG AAP Calls
Sold CVS 10/20/2023 73.00 Covered Calls at $0.64.
Sold WBA 10/20/2023 24.00 Covered Calls at $0.07.
#CoveredCalls
Sold CVS 10/20/2023 74.00 Calls at $0.26.
Sold 1 TGT 10/20/2023 121/117 Bear Call Spread at $0.32 Credit
Sold AAP 10/20/2023 58/56 Bear Call Spreads at $0.22 and $0.25 Credits
Sold 1 DG 10/27/2023 120/DG 10/20/2023 115 Diagonal Bear Call Spread at $0.40 Credit
Sold 1 DG 10/27/2023 121/DG 10/20/2023 116 Diagonal Bear Call Spread at $0.52 Credit
Sold DG 10/27/2023 122/DG 10/20/2023 117 Diagonal Bear Call Spreads at $0.42 Credit
#OnlySpreads
Another beautiful day, another stop
#SPX1dte Rather than getting stopped out in sunny Los Angeles, I’m being stopped out in a cloudless sunny morning of the Colorado mountains.
Bought to close call side for 2.20.
SPX same day
#SPX1dte Sold to Open $SPX Oct 16th 4265/4285-4395/4415 condors for 1.15, deltas -.07 +.05, IV 27%
CELH Roll Put
#shortputs
$CELH BTC 10/13 165 put and STO 10/20 162.50 put at added credit of .81. Credit taken in so far is 2.81 and reduce
if assigned by 2.50.
NOC
#SyntheticShortStock – Taking a shot here on one spread.
NOC Jan 16 2026 490/490/590 Synthetic Short Stock @ 13.00 debit (113 max loss with 118 weeks to go)
Sold NOC Oct 20 2023 490.0 Put @ 7.50
SPX Scalping (Paper Trading!)
Jeff has inspired me to start experimenting in the 0 DTE world. Whiz does these all the time with great success. Some of these are his but most are mine. This covers the last week. The previous 2-3 weeks are very similar.
Every position is nearly always legged into based on market movement. I will sometimes throw an iron condor on all at once but mostly try to leg it. Been using 10 contracts at either 5 or 10 wide wings and taking the position off at 70, 80 or 90 percent. There was one today I closed at net zero for max profit.
These total about +3450 for the week in one account. Very interesting to trade these. I know going live adds an extra layer of caution to these so when I go it’ll be tiny. Maybe one or two spreads max for now.
As far as managing, I’m considering a few options.
1. Set a stop loss at an amount I’m willing to lose.
2. If short side gets breached immediately sell the other side and turn it into an iron fly.
3. If short side gets breached immediately sell the other side at same strikes and accept that loss.
Ideas?
XBI
#ShortPuts – Got a few short puts in the money and adding here. Been throwing some short calls out there against the position also.
Bought to Close XBI Oct 20 2023 74.0 Calls @ .08 (sold for .42)
Sold XBI Nov 17 2023 75.0 Calls @ .69
Sold XBI Nov 17 2023 65.0 Puts @ 1.01
UVXY WBA Calls
Bought to close 1 UVXY 10/13/2023 20.00 Call at $0.01. Sold on 10/04 at $0.91
Bought to close WBA 10/13/2023 25.00 Calls at $0.01. Sold 2 days ago at $0.19
Bought to close WBA 10/13/2023 24.50 Calls at $0.01. Sold at $0.18 and $0.42
#OnlySpreads
Flat
#SPX1dte. Closed call side for .15 and put side for .35. Profit for day +.75
TLT
#ShortPuts – Rolling and collecting more premium.
Rolled TLT Oct 13 2023 88.0 Puts to Oct 20 2023 88.0 Puts @ .65 credit (2.15 total now)
Rolled TLT Oct 13 2023 89.0 Put to Oct 20 2023 89.0 Put @ .38 credit (2.65 total now)
SPX same day
#SPX1dte Sold to Open $SPX Oct 13th 4275/4295-4405/4425 condors for 1.25, deltas -.06 +.06, IV 27%
VXX UVXY 1dte
after the 2:00 pm market collapse
Sold 1 VXX 10/13/2023 24.00 Call at $0.38
Sold 1 UVXY 10/13/2023 17.00 Call at $0.22
#OnlySpreads
SNOW
#ShortPuts – Jumping back in. Selling prior to earnings and near recent lows.
Sold SNOW Nov 17 2023 145.0 Put @ 3.05
SPY
#ShortPuts – One add.
Sold SPY Nov 10 2023 420.0 Put @ 3.20
AMCR
Bought a tiny bit of AMCR at $8.75. Div = 5.47%
#SP500 #FallingKnife
PARA MMM TGT Rolls
Bought to close 1 PARA Oct 13 2023 12.5 Covered Call at $0.01
Bought to close 1 MMM Oct 13 2023 93.0 Covered Call at $0.02
Bought to close 1 TGT Oct 13 2023 117.0 Covered Call at $0.02
Sold 1 PARA Oct 20 2023 12.5 Covered Call at $0.13
Sold 1 MMM Oct 20 2023 93.0 Covered Call at $0.21
Sold 1 TGT Oct 20 2023 117.0 Covered Call at $0.31
#CoveredCalls
TQQQ,
STO January 19, 30 puts at 1.62
SPY
#ShortPuts – Jumping back in down near the 200 day.
Sold SPY Nov 03 2023 425.0 Put @ 3.20
TQQQ, STO October 27, 39 puts at 1.51
BTO, November 17, 35 calls at 5.77
TLT
#ShortPuts #CoveredCalls – Rolling covered since we’re getting some weakness today and adding. Keeping everything pre Fed.
Rolled TLT Oct 13 2023 86.5 Calls to Oct 27 2023 88.0 Calls @ .10 debit (.72 and .78 total now)
Sold TLT Oct 20 2023 89.0 Put @ 2.02
Revenge Trade
#SPX1dte At 37 minutes before the close, Sold $SPX Oct 11th 4360/4365/4370 call butterfly for 1.30. Risking 3.70 to make 1.30. Trade expired worthless.
Market was more subdued today but still was whipsaw swinging. This is first time I have done a narrow butterfly like this; although market was consolidating at 4365 for about 30 minutes, it seemed apparent there would be another move before the close so I took this shot. It succeeded when market shot higher into the close.
No trade for tomorrow to avoid the CPI report aftermath (plus I’m driving to Colorado). I will consider a trade Friday morning. I am breakeven for the week, so I want to break the losing streak, even if it’s only by a dollar or so.
Flat
#SPX1dte Had to close put side as this steady march downward has small chance of following through. BTC puts for .25, so profit on day +.85
TLT
#ShortPuts – Moving this one in to a little shorter timeframe.
Bought to Close TLT Nov 17 2023 86.0 Put @ 1.29 (sold for 2.42)
Sold TLT Oct 20 2023 90.0 Put @ 2.15
SWK UVXY Spreads
Sold 1 SWK 10/20/2023 90/85 Bear Call Spread at $0.85 Credit
Sold 1 UVXY 10/13/2023 20.5/16.5 Bear Call Spread at $0.16 Credit
Sold 1 UVXY 10/13/2023 20.5/17 Bear Call Spread at $0.20 Credit
#OnlySpreads
CVS TSN WBA Calls
Sold 1 CVS 10/13/2023 75.00 Call at $0.27
Sold 1 TSN 10/13/2023 49.00 Call at $0.27
Sold WBA 10/13/2023 24.50 Calls at $0.42
Sold WBA 10/13/2023 25.00 Calls at $0.19
#OnlySpreads
SPX risk off
#SPX1dte Bought to close call side for .15. Today looking less bullish, however, the rallies in last few days started later in the morning so I’m getting out of the way.
Inflation
The producer price index increased 0.5% for September, against the Dow Jones estimate for a 0.3% rise.
Excluding food and energy, core PPI was up 0.3%, versus the forecast for 0.2%.
Inflation pressures came primarily from final demand goods, which surged 0.9% on the month, while services increased 0.3%.
SPX 1-dte
#SPX1dte Sold to Open $SPX Oct 11th 4290/4310-4420/4440 condors for 1.25, deltas -.07 +.05, IV 26.3%.
Slight bullish lean based on futures being slightly higher and the 5-day trend. Producer Price Index (PPI) report coming up at 8:30am ET.
PENN Call
#coveredcalls
$PENN STO 10/13 22 call at .45
CELH Put
#shortputs
$CELH STO 10/13 165 put at 1.80
CVS DG Calls
Sold CVS 10/13/2023 74.00 Calls at $0.22, $0.30 and $0.31
Sold 1 DG 10/13/2023 107.00 Call at $0.65
Sold DG 10/13/2023 108.00 Calls at $0.55 and $0.57
#OnlySpreads
Options Bistro 