Hey Mr. Market come and get ’em! Iron Flies have a chance if these take some heat Friday.
Sold SPY May 16 2025 570.0 Puts @ 1.67
Recent Updates Page 22
SPX
Watching for Friday. Had originally sold a few 5700/5705 call spreads and told Mr. Market to come get ’em. LOL He listened. Sometime last week when they started taking some real heat I added the put spread side setting up an iron fly. Still an outside shot at gains but minimizing loss.
Now:
SPX May 16 2025 5695/5700/5700/5705 Iron Flies @ 3.65
No problem taking this loss with all the gains the rally has made. Mr. Market listened to me (for once)!
SPY
One more while I was out.
Bought to Close SPY Jun 20 2025 525.0 Put @ 2.13 (sold for 6.25)
DOW VFC PFE WU
Sold 1 DOW 05/16/2025 34.0 Covered Call at $0.08
Sold 1 CLF 05/16/2025 7.5 Covered Call at $0.21
Sold 1 VFC 05/16/2025 15.5 Covered Call at $0.21
#CoveredCalls
Sold 1 PFE 05/16/2025 20.5 Put at $0.05
Sold 1 WU 05/16/2025 9.0 Put at $0.05
#TinyPuts
WMT MSFT TQQQ SOXL Spreads
Sold 1 WMT 05/16/2025 83/87 Bull Put Spread at $0.24 Credit
Sold 1 MSFT 05/16/2025 465/457.5 Bear Call Spread at $0.34 Credit
Sold 1 TQQQ 05/16/2025 75/70 Bear Call Spread at $0.34 Credit
Sold 1 SOXL 05/30/2025 25/21 Bear Call Spread at $0.21 Credit
SPY
Bought to Close SPY May 12 2025 557.0 Puts @ .02 (sold for 1.10)
Bought to Close SPY May 16 2025 550.0 Put @ .25 (sold for 5.45)
Bought to Close SPY May 16 2025 560.0 Put @ .62 (sold for 5.25)
AMZN
Bought to Close AMZN May 16 2025 185.0 Put @ .08 (sold for 4.50)
Bought to Close AMZN May 16 2025 190.0 Put @ .12 (sold for 3.75)
Bought to Close AMZN May 16 2025 195.0 Put @ .18 (sold for 3.50)
SPX 0-dte trades for 5/12/25
#SPX0dte Sold to Open $SPX May 12th 5700/5725-5925/5950 IV 37.30%, deltas -.08 +.05
Not a lot of strikes available on the call side so had to go 25-wide.
Stocks pre-market
Sold a tiny bit of BBY at $75.28 – bought at $63.00
Sold a tiny bit of TGT at $102.01 – bought at $101.00
Sold a tiny bit of PSX at $117.01 – bought at $113.00
Sold all my tiny position in FRT at $95.01 – bought at $95.00
#FormerFallingKnife #RaisingCash
Started a new position in MRK ay $74.00
#SP500 #FallingKnife
Earnings 5/12 – 5/16
Econ Calendar for 5/12 – 5/16
SOXL
SOXL 10.50 PUT
SOXL 11.00 PUT
SOXL 11.50 PUT
SOXL 7.00 PUT
SOXL 7.50 PUT
SOXL 8.00 PUT
SOXL 8.50 PUT
SOXL 5.50 PUT
SOXL
#shortputs
#everylittlebithelps
#pennysfromheaven
SOLD SOXL 16 MAY 2025 7.5 PUT @.02
SOLD SOXL 16 MAY 2025 9 PUT @.04
SOLD SOXL 16 MAY 2025 8 PUT @.03
SOLD SOXL 16 MAY 2025 8.5 PUT @.04
SOLD SOXL 16 MAY 2025 11 PUT @.10
SOLD SOXL 16 MAY 2025 9.5 PUT @.06
SOLD SOXL 16 MAY 2025 10 PUT @.07
SOLD SOXL 16 MAY 2025 10.5 PUT @.09
SOLD SOXL 16 MAY 2025 11.5 PUT @.14
SOLD SOXL 16 MAY 2025 12 PUT @.20
SOLD SOXL 16 MAY 2025 12.5 PUT @.28
SOLD SOXL 16 MAY 2025 6.5 PUT @.02
OptionsExpiration
Here is what was left after forced rolls:
ARM 104/109 Bull Put Spread
BOIL 49/54 Bull Put Spread
BOIL 48/53 Bull Put Spread
BOIL 47/52 Bull Put Spread
CAG 22.5 Put
CLF 9.5 Covered Calls
CLF 10.0 Covered Calls
LABU 39/43 Bull Put Spread
LVS 41/40 Bear Call Spread
LVS 41.5/40.5 Bear Call Spread
MSFT 470/460 Bear Call Spread
NUGT 63/65 Bull Put Spread
NUGT 80/75 Bear Call Spread
NUGT 81/76 Bear Call Spread
OKLO 18/22.5 Bull Put Spread
OKLO 31/29 Bear Call Spread
OKLO 32/29.5 Bear Call Spread
OKLO 32.5/30 Bear Call Spread
OKLO 33/30.5 Bear Call Spread
PFE 25.0 Covered Call
PLTR 75/85 Bull Put Spread
PLTR 80/90 Bull Put Spread
PLTR 180/170 Bear Call Spread
PLTR 175/185 Bear Call Spread
SMCI 36.5/34.5 Bear Call Spread
SMCI 41.5/38.5 Bear Call Spread
SOXL 19/15 Bear Call Spread
SOXL 20/15.5 Bear Call Spread
TQQQ 39/50 Bull Put Spread
TQQQ 41/51 Bull Put Spread
TQQQ 47.5/52 Bull Put Spread
TQQQ 48/54 Bull Put Spread
TQQQ 64/60 Bear Call Spread
TQQQ 65/60 Bear Call Spread
TQQQ 66/60 Bear Call Spread
VFC 14.5 Covered Calls
VXX 77/72 Bear Call Spread
VXX 76/71 Bear Call Spread
VXX 75/70 Bear Call Spread
VXX 65 Diagonal Call
ASSIGNMENTS:
1 LVS 39.0 Covered Call – vs stock put to me at 38.5 on Mar 29
1 CLF 7.5 Put ( I just sold my CLF last Friday at $8.50)
SPY
Adding a few more to sell against if we get a nice pullback.
Bought to Open SPY Jun 20 2025 325.0 Puts @ .10
AMZN
Bought to Close AMZN May 16 2025 180.0 Put @ .45 (sold for 3.25)
VXX
Rolled VXX May 09 2025 60.0 Puts to VXX May 16 2025 60.0 Puts @ 1.40 credit (2.00 and 2.20 total now)
SPY
Sold SPY May 12 2025 557.0 Puts @ 1.10
Replaces these which should expire:
SPY May 09 2025 555.0 Puts (sold for 3.25)
CE
Sold a tiny bit of CE at $52.52 for a small gain
#FormerFallingKnife
#RaisingCash
SPX 0-dte trades for 5/9/25
#SPX0dte Sold to Open $SPX May 9th 5570/5590-5760/5780 condors for 1.30, IV 31.14%, deltas -.06 +.05
VXX Call rolled
Rolled 1 VXX 05/09/2025 64.0 Call to 1 VXX 05/16/2025 68.0 Call and $0.56 Credit plus pushed the short strike up 4 points
TQQQ,
STO June 20, 30/80 strangle at .68 cents.
PSX
Sold a tiny bit of PSX at $110.11 for a small gain
#FormerFallingKnife
#RaisingCash
SPX 0-dte trades for 5/8/25
#SPX0dte Sold to Open 5540/5560-5755/5775 condors for 1.30, IV 37.94%, deltas -.06 +.06
Trump to announce UK trade deal at 10am, but I’m betting most of move is already in.
Thursday morning trades
Sold 1 SOXL 05/23/2025 19/17 Bear Call Spread at $0.19 Credit
Sold 1 TQQQ 05/16/2025 72/65 Bear Call Spread at $0.42 Credit
Sold 1 LABU 05/09/2025 39/43 Bull Put Spread at $0.28 Credit
Sold 1 ARM 05/09/2025 104/109 Bull Put Spread at $0.34 Credit
Sold 1 NUGT 05/09/2025 63/65 Bull Put Spread at $0.18 Credit
SOXL Calls
Sold 1 SOXL 05/23/2025 18.5/16.5 Bear Call Spread at $0.14 Credit
Bought to close 1 SOXL 05/09/2025 17.0 Covered Call at $0.01
Replaced it with 1 SOXL 06/06/2025 20.0 Covered Call at $0.16
#EveryLitleBitHelps
CAG stock and option
Added a tiny bit of CAG at $23.00
#SP500 #FallingKnife
Sold 1 CAG 05/09/2025 22.5 Put at $0.10
#TinyPuts
TQQQ
Sold 1 TQQQ 05/09/2025 48/52 Bull Put Spread at $0.30 Credit
Sold 1 TQQQ 05/09/2025 46/51 Bull Put Spread at $0.13 Credit
Sold 1 TQQQ 05/09/2025 60.0 Call at $0.64 against an existing long 66.0 call
SPX 0-dte trades for 5/7/25
#SPX0dte I avoided the wide condor due to Fed day, but premiums have been dropping quite normally despite the 2pm announcement coming. The 6-delta condor was going for 1.65 before open and now is down to .85. Could have been a nice trade. I did make 1.50 on this tight condor:
At 9:38, sold to open 5585/5615-5620/5650 condors for 23.50, BTC for 22.00 at 10:50.
These trades have not worked well lately but they are safer when premium gets above 23.00, as 10 or 20 point moves don’t have as large of a negative effect.
LVS
Sold 1 LVS 05/09/2025 41.5/40 Bear Call Spread at $0.32 Credit
OKLO BOIL LABU SMCI
Sold 1 OKLO 05/09/2025 32.5/29 Bear Call Spread at $0.23 Credit
Sold 1 OKLO 05/09/2025 32./29.5 Bear Call Spread at $0.17 Credit
Sold 1 OKLO 05/09/2025 33/30 Bear Call Spread at $0.19 Credit
Sold 1 BOIL 05/09/2025 49/54 Bull Put Spread at $0.38 Credit
Sold 1 BOIL 05/09/2025 48/53 Bull Put Spread at $0.33 Credit
Sold 1 BOIL 05/09/2025 47/52 Bull Put Spread at $0.25 Credit
Sold 1 Diagonal LABU 42/48 Bull Put Spread at $0.40 Credit
Sold 1 SMCI 05/09/2025 41.5/38.5 Bear Call Spread at $0.19 Credit
TQQQ,
STO June 20, 25/75 strangle @.75 cents. I am a little bored doing nothing so may regret this trade.
SOXL
#shortputs
#PENNYSFROMHEAVEN
tIP SOLD SOXL 9 MAY 2025 11.5 PUT @.36
tIP SOLD SOXL 9 MAY 2025 8 PUT @.02
tIP SOLD SOXL 9 MAY 2025 7 PUT @.01
tIP SOLD SOXL 9 MAY 2025 7.5 PUT @.02
SOLD SOXL 9 MAY 2025 5 PUT @.01
SOLD SOXL 9 MAY 2025 8.5 PUT @.03
Tuesday morning trades
Sold 1 NUGT 05/09/2025 81/76 Brat Call Spread at $0.53 Credit
Sold 1 VXX 05/09/2025 76/71 Bear Call Spread at $0.24 Credit
Sold 1 VXX 05/09/2025 77/72 Bear Call Spread at $0.24 Credit
Sold 1 LVS 05/09/2025 41/39.5 Bear Call Spread at $0.25 Credit
Sold 1 PLTR 05/09/2025 80/90 Bull Put Spread at $0.20 Credit
Sold 1 PLTR 05/09/2025 75/85 Bull Put Spread at $0.13 Credit
Sold 1 TQQQ 05/09/2025 47.5/50 Bull Put Spread at $0.19 Credit
Sold 1 Diagonal VXX 71/64 Bear Call Spread at $0.31 Credit
Sold 1 Diagonal VXX 72/65 Bear Call Spread at $0.23 Credit
SPX 0-dte trades for 6/6/25
#SPX0dte Sold to Open $SPX May 6th 5500/5520-5680/5700 condors for 1.40, IV 32.00%, IV -.06 +.09
I think deltas are a bit off, so I centered it based on distance and premium.
PLTR Calls
Sold 1 PLTR 05/09/2025 180/170 Bear Call Spread at $0.18 Credit
Sold 1 PLTR 05/09/2025 185/175 Bear Call Spread at $0.13 Credit
#Earnings tonight
Pretty low risk spreads
MSFT Calls
Sold 1 MSFT 05/09/2025 470/460 Bear Call Spread at $0.15 Credit
Monday morning trades
Bought a tiny bit of GIS ar $55.00
Bought a tiny bit of OGN at $9.00
#SP500 #FallingKnife
Sold 1 Diagonal VXX 70/63 Bear Call Spread at $0.30 Credit
Sold 1 Vertical VXX 05/09/2025 75/70 Bear Call Spread at $0.25 Credit
Sold 1 Vertical NUGT 05/09/2025 80/75 Bear Call Spread at $0.30 Credit
#OnlySpreads
Sold 1 F 05/09/2025 9.0 Put at $0.04
Sold 1 APA 05/09/2025 14.0 Put at $0.11
#TinyPuts
Sold 1 PFE 05/09/2025 25.0 Covered Call at $0.05
Sold 1 VFC 05/09/2025 14.5 Covered Call at $0.06
Sold CE 05/16/2025 65.0 Covered Calls at $0.10
Sold 1 SOXL 05/30/2025 19.0 Covered Call at $0.19
#CoveredCalls #EveryLittleBitHelps
SOXL
#shortputs
#everylittlebithelps
tIP SOLD SOXL 9 MAY 2025 10.5 PUT @.10
SOLD SOXL 9 MAY 2025 11 PUT @.15
SPY
Maybe the beginning of a June ladder…see how it goes.
Sold SPY Jun 20 2025 525.0 Put @ 6.25
SPY
Be out most of the week so throwing these out to Friday.
Sold SPY May 09 2025 555.0 Puts @ 3.25
SPX 0-dte trades for 5/5/25
#SPX0dte Sold to Open $SPX May 5th 5535/5555-5730/5750 condors for 1.35, IV 33.93%, deltas -.06 +.07
Earnings 5/5 – 5/9
Econ Calendar 5/5 – 5/9
ISM, Bond Auctions, and a Wednesday Fed decision
COST SOXL
cost 915/910 put
soxl 8.5 put
soxl 9 put
soxl 9.5 put
soxl 10 put
soxl 11 put
soxl 11.5 put
OptionsExpiration
After many rolls as the rally continues, here is some of what was left to expire:
BA 155/165 Bull Put Spread
BA 197.5/187.5 Bear Call Spread
CPB 34 Put
CVS 54/59 Bull Put Spread
ENPH 40/42 Bull Put Spread
HOOD 32/37 Bull Put Spread
MSFT 345/350 Bull Put Spread
MSFT 407.5/412.5 Bull Put Spread
MSFT 445/440 Bear Call Spread
NUGT 48/55 Bull Put Spread
NVDA 103/108 Bull Put Spread
NVDA 120/115 Bear Call Spread
NVDA 124/119 Bear Call Spread
OKLO 27 Diagonal Call
SOXL 14.0 Covered Calls
SOXL 17.0 Covered Call
SOXL 20/14.5 Bear Call Spread
SOXL 21/14 Bear Call Spread
TQQQ 39/54 Bull Put Spread
TQQQ 65/60 Bear Call Spreads
VXX 72/67 Bear Call Spread
VXX 80/72 Bear Call Spread
VXX 81/73 Bear Call Spread
VXX 82/74 Bear Call Spread
VXX 83/75 Bear Call Spread
VXX 84/79 Bear Call Spread
VXX 55/60 Bull Put Spread
Assignments: (all welcome because I didn’t want to hold this much stock)
CLF 8.5 Covered Calls- put to me at 8.0 on Apr 4
SOXL 13.0 Covered Call – put to me at 12.0 on Apr 4
If there is ever something…
If there is ever something that makes you realize the market is irrational, today is it. Market likes tariffs??!! WTF
Amazon posted something this morning using a bikini as an example of the inflation of tariffs. Yesterday it retailed for $116. Today due to tariffs the same Bikini is $323.
We live near the beach, does this mean no bikinis this year 😦
QQQ
SPY
A move like this gotta take the whole ladder. Running up to the 200 day resistance.
Bought to Close SPY May 16 2025 480.0 Put @ .35 (sold for 3.40)
Bought to Close SPY May 16 2025 485.0 Put @ .40 (sold for 3.80)
Bought to Close SPY May 16 2025 490.0 Put @ .40 (sold for 3.60)
Bought to Close SPY May 16 2025 495.0 Put @ .45 (sold for 3.50)
Bought to Close SPY May 16 2025 500.0 Put @ .55 (sold for 3.60)
Bought to Close SPY May 16 2025 505.0 Put @ .60 (sold for 3.20)
Bought to Close SPY May 16 2025 510.0 Put @ .70 (sold for 3.40)
Bought to Close SPY May 16 2025 515.0 Put @ .85 (sold for 3.50)
Bought to Close SPY May 16 2025 520.0 Put @ 1.05 (sold for 4.10)
Bought to Close SPY May 16 2025 525.0 Put @ 1.25 (sold for 3.40)
Bought to Close SPY May 16 2025 530.0 Put @ 1.60 (sold for 3.50)
Bought to Close SPY May 16 2025 535.0 Put @ 2.00 (sold for 8.90)
Bought to Close SPY May 16 2025 540.0 Put @ 2.60 (sold for 7.70)
Bought to Close SPY May 16 2025 545.0 Put @ 3.35 (sold for 6.95)
Bought to Close SPY May 16 2025 550.0 Puts @ 4.30 (sold for 6.20)
Bought to Close SPY May 16 2025 555.0 Put @ 5.40 (sold for 7.80)
Bought to Close SPY May 16 2025 560.0 Put @ 6.95 (sold for 14.50)
SPX 0-dte trades for 5/2/25
#SPX0dte Sold to Open $SPX May 2nd 5530/5550-5740/5760 condors for 1.15, IV 37.04%, deltas -.05 +.06
April Jobs Report
#Jobs — Exceeding expectations again
Gain of +177,000 non-farm payroll jobs, vs. expected gain of 133K
Unemployment unchanged at 4.2%, as expected
U6 unemployment 7.8%, down by 0.1%
Labor force participation up 0.1 to 62.6%
Average hourly earnings up by 0.2%; +3.8% Y/Y
February jobs revised down by -15K to +102K
March jobs revised down by -43K to +185K
SOXL
#coveredcalls
SOLD SOXL 2 MAY 2025 15 CALL @.01
#onenightstand
#One is the loneliest number that you’ll ever do
SOXL Covered Calls
Sold 1 SOXL 05/23/2025 17.0 Covered Call at $0.21
Sold SOXL 05/02/2025 14.0 Covered Calls at $0.05
MSFT Puts
Sold 1 MSFT 05/02/2025 407.5/412.5 Bull Put Spread at $0.15 Credit
NVDA Iron Condor
Sold 1 NVDA 05/02/2025 103/108/119/124 Iron Condor at $0.33 Credit
SOXL
#shortputs
SOLD SOXL 2 MAY 2025 11 PUT @.12
SOLD SOXL 2 MAY 2025 11.5 PUT @.20
MSFT NVDA Calls
Sold 1 MSFT 05/02/2025 440/435 Bear Call Spread at $1.67 Credit
Sold 1 NVDA 05/02/2025 120/115 Bear Call Spread at $0.86 Credit
#HighRisk Spreads
VXX Iron Condor
Sold 1 VXX 05/02/2025 55/60/67/72 Iron Condor for $0.43 Credit
SPX 0-dte trades for 5/1/25
#SPX0dte Sold to Open $SPX May 1st 5470/5490-5710/5730 condors for 1.45, IV 42.10%, deltas -.08 +.05.
I think pre-market delta readings are off. Using narrower stops than the Expected Move… will look to close close if either side exceeds the 1.45 opening premium.
SPY Expiration
1 SPY 04/30/2025 505/515 Bull Put Spread (rolled several times for credits)
1 SPY 04/30/2025 571/564 Bear Call Spread (sold yesterday)
Out of SPY for now
SMCI SOXL Calls
Sold 1 SMCI 05/02/2025 35.5/33.5 Bear Call Spread at $0.19 Credit
Sold SOXL 05/02/2025 14.0 Covered Calls at $0.05
#EveryLittleBitHelps
SPX trades for 4/30/25
#SPX0dte Sold to Open $SPX Apr 30th 5480/5510-5515/5545 condors for 19.10, IV 38.98%.
Avoided trading earlier due to market reaction of GDP data.
COST
#onlyspreads
SOLD COST 2 MAY 2025 915/910 PUT @.21
VXX Calls
Sold 1 VXX 05/02/2025 83/79 Bear Call Spread at $0.15 Credit
#EveryLittleBitHelps
MSFT ENPH HOOD Puts
Sold 1 MSFT 05/02/2025 345/350 Bull Put Spread at $0.21 Credit
Sold 1 ENPH 05/02/2025 40/42 Bull Put Spread at $0.18 Credit
Sold 1 HOOD 05/02/2025 32/37 Bull Put Spread at $0.15
#EveryLittleBitHelps
SOXL
SOLD SOXL 2 MAY 2025 10 PUT @.14
CPB CE
Sold 1 CPB 05/02/2025 34.0 Put at $0.05
Sold 1 CE 05/16/2025 75.0 Covered Call at $0.10
#EveryLittleBitHelps
SPY Expiration
1 SPY 04/29/2025 567/562 Bear Call Spread
Replaced it with 1 SPY 04/30/2025 571/564 Bear Call Spread at $0.23 Credit
SOXL
#shortputs
SOLD SOXL 2 MAY 2025 10 PUT @.14
SPX 0-dte trades for 4/29/25
#SPX0dte Sold to Open $SPX Apr 29th 5380/5400-5600/5620 condors for 1.35, IV 41.29%, deltas -.05 +.06
I waited for the open, but doing so cost me width and premium as opposed to selling about a half hour before open.
SPY Expiration
1 SPY 566/561 Bear Call Spread
Replaced it with 1 SPY 04/29/2025 567/562 Bear Call Spread at $0.17 Credit
SPY
Rolled SPY Apr 29 2025 521.0 Calls to May 16 2025 526.0 Calls @ .35 credit (2.85 total now)
SOXL
#shortputs
#everylittlebithelps
SOLD SOXL 2 MAY 2025 8.5 PUT @.04
SOLD SOXL 2 MAY 2025 9.5 PUT @.11
tIP SOLD SOXL 2 MAY 2025 9 PUT @.09
TQQQ,
STO June 20, $40 puts at 1.75
I covered them at 2.05, Bad trade. I should just continue to sit on my hands
SPX 0-dte trades for 4/28/25
#SPX0dte Sold to Open $SPX Apr 28th 5405/5425-5615/5635 condors for 1.40, IV 37.26%, deltas -.07 +.05
That’s the lowest chain IV for a trade I’ve seen since April 1st.
Options Bistro 