#NAKED CALL
BOT AMZN 22 SEP 2023 132 CALL @.77 NYSE
(net 9.02) this closes can kicking this call!
Category Archives: Uncategorized
SPX same day
#SPX1dte Sold to open $SPX Sep 21st 4295/4315-4400/4420 condors for 1.10, delta -.05 +.08, SPX at 4365, IV 23.6%
A bit aggressive on call side. If we just found the bottom then I’ll be stopped out.
VIX awakens
VIX VXX UVXY all up big
Partial risk reversed
#SPX1dte Earlier, Bought to close half of the #RiskReversal put side. Stop not hit yet, but since this is a double position I want to reduce risk while it is cheaper to do so.
BTC $SPX Sep 28th 4250/4230 put spreads for 1.30. Trade entered for a .30 debit on Tuesday.
No trade for today yet. Gun shy after yesterday’s misfire.
Possibly the worst “Upside” Warning since 2001. I’ll write a post about it later today.
SPY
STO SPY Oct27’23 420 PUT @2.15
TQQQ,
STO November 17, 31 puts at 1.03
SPY
#ShortPuts – One add.
Sold SPY Oct 27 2023 425.0 Put @ 2.60
Risky add-on
#SPX1dte Sold: $SPX Sep 20th 4420/4400 put spresds for 1.35, with SPX at 4445, delta -.15, IV 39.1%, Powell still in press conference, 1 hr 15 minutes to close.
SPY
#ShortPuts – Selling the 100 day and 200 day.
Sold SPY Oct 20 2023 435.0 Put @ 3.35
Sold SPY Nov 17 2023 425.0 Put @ 3.45
SPY
Carter Braxton Worth @CarterBWorth
The unforgiving line… versus… the more forgiving line…
Regardless, it’s not good.
Carter Braxton Worth @CarterBWorth
SPX 2.5-hte
#SPX1dte Sold to Open $SPX Sep 20th 4385/4405-4505/4525 condors for 1.00, deltas -.06 +.05, IV 38.2%, expected move +/- 24.38
TLT
#SyntheticStock #CoveredCalls – Giving these a liitle room for JP.
Bought to Close TLT Sep 22 2023 95.5 Calls @ .05 (sold for .35 .37 and .38)
Sold TLT Oct 20 2023 96.5 Calls @ .44
No morning trade
#SPX1dte I will consider a trade right before Fed announcement. If width and premium is robust enough, I will trade before, if not I will wait until after.
SPY XBI
#ShortPuts – A few.
Sold SPY Oct 20 2023 425.0 Put @ 2.10
Rolled XBI Sep 22 2023 79.0 Puts to Oct 20 2023 79.0 Puts @ .55 credit (1.45 total now)
Market,
I have covered all my positions and am now 100% in cash at Fidelity so earning interest.I don’t think the FED does anything tomorrow but inflation is still a problem.
Stopped out
#SPX1dte Bought to close put side for 2.60. Now negative on week.
Risk Reversal
#SPX1dte #RiskReversal Inspires by Matt’s trade from yesterday, I used his expiration date but a little narrower on the strikes.
Sold $SPX Sep 28th 4250/4230 put spreads
Bought Sep 28th 4580/4600 call spreads
Net debit -0.25
Double-sized position.
SPX same day
#SPX1dte Sold to Open $SPX Sep 19th 4400/4420-4485/4505 condors for .95, deltas -.07 +.06, IV 16.45%
COIN put spread
Sold to open $COIN Oct 20 75/70 bull put spread @ 1.24 with the stock at 82
SPX Risk Reversal I tried…
SPX Risk Reversal
I tried one of Jeff’s trade looking for some move up before the FED release and possibly even beyond:
Sold Sep 28 P 4180/4200; bough call 4585/4605 for a .35 debit
Soggy SOX
SOX is trading right on the huge positive trend line that has been in place since October lows. Note we actually closed below the 100 day moving average. This “hot” space is practically at make or break levels. Watch this closely. Note the 200 day way lower… {from ZeroHedge}
Economic Calendar 9/18 – 9/22
FOMC decision Wednesday at 2pm ET
SPX same day
#SPX1dte Sold to Open $SPX Sep 18th 4385/4405-4480/4500 condors for 1.00, deltas -.06 +.07, IV 18.15%
XBI
#ShortPuts – A few.
Rolled XBI Sep 15 2023 79.0 Puts to Sep 22 2023 79.0 Puts @ .35 credit (.90 total now)
SPY
STO October 20, 420 puts ay 1.22
AMZN
#rolling
AMZN roll sept 15 to sept 22/132 call @.27 credit(9.79 so far)
SPY
#ShortPuts – Jumping back in selling at recent lows and the 100 day.
Sold SPY Oct 20 2023 430.0 Puts @ 2.10
Another day, another early stop
#SPX1dte Placed my trade right before a spike two days in a row, in opposite directions.
Bought to close put side for 1.45, by selling $SPX Sept 12th 4445/4465 call spreads for 18.55.
Will consider a roll trade a bit later if things settle.
SPX same day
#SPX1dte Sold to Open $SPX Sep 15th 4445/4465-4545/4565 condors for 1.00, deltas -.07 +.06, IV 19.5%
SPY
#ShortPuts – With the bounce today taking half the total with a month to go. In these less than 10 days.
Bought to Close SPY OCT 20 2023 425.0 Put @ 1.14 (sold for 3.20)
Bought to Close SPY OCT 20 2023 430.0 Put @ 1.51 (sold for 2.50)
Bought to Close SPY OCT 20 2023 435.0 Put @ 2.03 (sold for 3.35)
Closing ADBE
Pre-earnings (after the bell today) bought to close $ADBE Oct 20 530/540/580/590 iron condor at 4.90. With 1 roll up, total premium taken in was 4.77 so taking a small (.13) overall loss.
SNOW
ShortPuts – One add…fairly aggressive but still below the 200 day. Breakeven of overall position near recent lows.
Sold SNOW Oct 20 2023 155.0 Put @ 4.05
SPX reverse roll
#SPX1dte Sold to Open $SPX Sep 14th 4460/4440 put spreads for 1.00. delta -.11. Aggressive but going with upward trend of the day. This absorbs the loss of the call side.
SPX same day
#SPX1dte Sold to Open $SPX Sept 14th 4415/4435-4510/4530 condors for 1.00, deltas -.06 +.07, IV 17.9%
AMZN,
STO October 20, 135 puts at 1.35
SNOW
#ShortPuts – Jumping back in.
Sold SNOW Oct 20 2023 150.0 Puts @ 2.40
TQQQ,
STO December 15, 35 puts ay 2.06
CPI for August
(from CNBC.com)
Inflation posted its biggest monthly increase this year in August as consumers faced higher prices on energy and a variety of other items.
The consumer price index, which measures costs across a broad variety of goods and services, rose 0.6% for the month, and was up 3.7% from a year ago. Economists surveyed by Dow Jones were looking for respective increases of 0.6% and 3.6%.
However, excluding volatile food and energy, core CPI increased 0.3% and 4.3% respectively, against estimates for 0.2% and 4.3%. Federal Reserve officials focus more on core as it provides a better indication of where inflation is heading over the long term.
SPX same day
#SPX1dte I pulled trigger one minute before CPI data released since I was getting good premium and width.
At 5:29am PT, sold to Open $SPX Sept 13th 4385/4405-4515/4535 condors for 1.30, deltas -.07 +.06
TOS to Schwab: has anybody…
TOS to Schwab: has anybody had the accounts already transferred to Schwab? I was wondering if the TOS platform will go away and I may have to learn yet another new platform.
XBI
#CoveredCalls – With cash sweep paying 5 percent I’d rather get the cash back into the account and make up the small losses with put selling. Unloading some covered stock at slight losses and replacing with a slightly larger short put position. Should get back to even much sooner than continuous call rolling.
Sold XBI Covered Stock @ 74.70 (basis of 75.10, 77.50, and 78.00)
Sold XBI Sep 15 2023 79.0 Puts @ .57
Risk off
#SPX1dte Closed put side for .15 by selling to Open $SPX Sep 12th 4425/4445 call spreads for 19.85. My stop was not hit but I don’t want to wait for that possibility.
TLT
#CoveredCalls #SyntheticCoveredCalls – Another round.
Bought to Close TLT Sep 15 2023 97.0 Calls @ .03 (sold for .65)
Bought to Close TLT Sep 15 2023 97.5 Calls @ .02 (sold for .55)
Sold TLT Sep 22 2023 95.5 Calls @ .35 .37 and .38
SPY,
STO November 17, 420 put at 2.75
STO October 6, 425 put at 1.01
STO October 13, 420 put at 1.05
SPY
#ShortPuts – Come and get it Mr. Market!
Sold SPY OCT 20 2023 435.0 Put @ 3.35
SPX same day
#SPX1dte Sold to Open $SPX Sept 12th 4425/4445-4510/4530 condors for 1.30, deltas -.08 +.08 IV 17.4%
CVS
Sudden jump midday in CVS:
Bought CVS 09/22/2023 73.00 Calls / Sold CVS 09/15/2023 70.00 Call at $0.22 and $0.27 Credit.
Bought 1 CVS 09/22/2023 74.0 Call / Sold 1 CVS 09/15/2023 71.00 Calls at $0.13 Credit.
#DiagonalBearCall Spreads
TQQQ
Since all my TQQQ spreads expired last week, I’m slowly adding some new ones.
Bought TQQQ Sep 15 2023 47.0 Calls at $0.01 then sold TQQQ Sep 15 2023 44.0 Calls against them at $0.20.
Bought TQQQ Sep 15 2023 46.5 Calls at $0.02 then sold TQQQ Sep 15 2023 44.0 Calls against them at $0.21.
A slightly tighter spread for the same credit
#OnlySpreads
BOIL CVS DG VXX
Sold 1 BOIL Sep 15 2023 45/50 Bull Put Spread at $0.60
Sold 1 CVS Sep 29 2023 70.0 Covered Call at $0.13
Sold DG Sep 15 2023 132.0 Covered Calls at $0.45
Sold DG Sep 15 2023 139/133 Bear Call Spreads at $0.27
Sold 1 VXX Sep 15 2023 26/21.5 Bear Call Spread at $0.35 Credit
Corrected the expiration dates
What!!!!!
Former FTX CEO Sam Bankman Fried’s lawyers have requested for a pre-trial release because the internet sucks in jail.
SPX same day
#SPX1dte Sold to Open $SPX Sep 11th 4415/4435-4510/4530 condors for 1.00, deltas -.07 +.06, IV 17.7%
Expiration / AI Call close
#optionsexpiration
$AI 26/37 strangle
$RIOT 12.5 call
$TSLA 265 call
#coveredcallss
$AI BTC 9/15 35 call at .05. STO at 1.25. Should have closed stock before earnings
Economic Calendar 9/11 – 9/15
There are no “three bull” (market moving) items for Monday, Tuesday, or Friday. CPI report on Wednesday could be a mover if it varies much from estimate.
SPX risk reversal
#SPX1dte Trying again… this week the Upside Warning did NOT come trhough and we dropped. But it was not severe so I am still looking for a retest of the 4607 high of 7/27.
Sold to Open $SPX Sept 15th 4335/4315 put spreads, delta -.06
Bought to open Sept 15th 4570/4590 call spreads, delta +.06
Total debit -.10
This is a double sized position.
DG
Sold DG 09/15/2023 118.0/122.0 Bull Put Spreads at $0.53 Credit
Sold DG 09/15/2023 134.0/129.0 Bear Call Spreads at $0.27 Credit.
#OnlySpreads
SNOW
#ShortPuts – 80 percent 6 weeks early.
Bought to Close SNOW Oct 20 2023 130.0 Put @ .55 (sold for 2.87)
Risk off
#SPX1dte Closed call side for .30 by selling to open $SPX Sept 8th 4510/4490 put spreads for 19.70.
ADBE adjustment
With the stock at 569, rolled $ADBE Sep 15 465/455 bull put spread up to 540/530 for 2.03 credit. Position is now a 530/540/580/590 iron condor, with 4.77 total premium taken in. I will take this position off before the end of the day on Thursday 9/14 (earnings after the bell).
SPX same day
#SPX1dte Sold to Open $SPX Sept 8th 4395/4415-4490/4510 condors for 1.45, deltas -.09 +.07, IV 19.9%
Futures were dead flat when I was filled, so I went a little more aggressive on deltas than I normally do, since I’m only slightly profitable in this short week.
MA,
STO October 20, 400 puts at 4.15
GOOGL, BTO October 20, 130 calls at 8.50
HE
rolled HE 14.5 put/9.8.2023 to next Friday/credit .11 (.96 so far)
SPY
#ShortPuts – Early fill.
Sold SPY Oct 20 2023 425.0 Put @ 3.20
Risk off
#SPX1dte Took off downside risk for 0.25 by selling $SPX Sept 7th 4380/4400 call spreads for 19.75.
AMZN
ROLLED AMZN 132 call 9.8.2023 to next Friday/ 132 call .80 credit (9.52 so far)
SPY,
STO September 29, 419 put at 1.04
SPX same day
#SPX1dte Sold to Open $SPX 4380/4400-4485/4505 condors for 1.10, deltas -.07 +.07, IV 21%
AI Strangle
#earnings #shortstrangles
$AI STO 9/8 26/37 strangle at .81.
Some Risk off
#SPX1dte Bought to close $SPX Sept 8th 4390/4370 put spreads for .50. This is part of the #RiskReversal I placed last Friday for a -.10 debit. The long call side is failing, but I’m at downside risk on the put side so I took off HALF of the put position. I will leave the other half to either expire or get stopped out (this trade is double the size of my normal size).
TSLA
#CoveredCalls – Rolled to the week before earnings. If stock called away it will be a tiny profit. Might roll to earnings eventually…
Rolled TSLA Sep 15 2023 200.0 Call to Oct 13 2023 200.0 Call @ 2.25 credit (71.15 total now)
SPX stopped
#SPX1dte Bought to close $SPX Sept 6th 4445/4425 put spreads for 1.25. Condors sold this morning for .85
BOIL HE
Sold 1 BOIL Sep 8 2023 47/51.5 Bull Put Spread at $0.51 Credit
Sold HE Sep 8 2023 9.5/11.5 Bull Put Spreads at $0.17 Credit
#OnlySpreads
SPY,
STO October 20, 425 put at 2.20
SPX same day
#SPX1dte Sold to Open $SPX 4425/4445-4525/4545 condors for .85, deltas -.06 +.05, IV 18.6%
SPY TLT
#ShortPuts – A couple late fills.
Sold SPY Oct 20 2023 430.0 Put @ 2.50
Sold TLT Oct 20 2023 94.0 Put @ 2.10
SPXpire
#SPX1dte Expiring: $SPX Sep 5th 4445/4465-4540/4560 condors, sold this morning for 1.00.
Options Bistro 