Recent Updates Page 24
SPY
$SPY short term line in sand
SPY
Rolling rest of April out but not down. Still decent basis reduction.
Rolled SPY Apr 17 2025 535.0 Put to May 16 2025 535.0 Put @ 5.75 credit (8.90 total now)
Rolled SPY Apr 17 2025 540.0 Put to May 16 2025 540.0 Put @ 4.25 credit (7.70 total now)
Rolled SPY Apr 17 2025 545.0 Put to May 16 2025 545.0 Put @ 3.25 credit (6.90 total now)
Rolled SPY Apr 17 2025 550.0 Put to May 16 2025 550.0 Put @ 3.00 credit (6.20 total now)
Rolled SPY Apr 17 2025 555.0 Put to May 16 2025 555.0 Put @ 2.75 credit (7.80 total now)
Rolled SPY Apr 17 2025 560.0 Put to May 16 2025 560.0 Put @ 2.50 credit (14.50 total now)
Still profitable for the year…
Still profitable for the year but gave back a lot of the gains for the year.
Fibonacci approaching a 268% retracement. My thought is if that holds we might have a good entry point. If not next stop down is probably around 4950 as the closest round number. Actual number probably 4963.
Cash is a position, trade smart!
Actually I am trying to throw on some SPX butterflies but there is no liquidity and most the $5 increment options have not traded so I cannot get a fill anyway.
Market looked at the T2107…
Market
looked at the
T2107 from TC2000 just 15 % of stocks are above the 200 day average, June ’22 and of course beginning of ’22 were lower.
T2108 just 8.8% of stocks are above the 40 day moving average. June ’22 was 8.02 and there was early ’20 were it was at about 1.53% .
Both haven’t shown a reversal sign as of yet. The down move can still continue. I will remain in cash as much as possible and not yet enter any trade in hope of a reversal.
SPX 0-dte trades for 4/4/25
#SPX0dte Sold to Open $SPX Apr 4th 5010/5030-5410/5430 condors for 1.50, IV 85.13%, deltas -.06 +.07
March Jobs Report
#Jobs — More gains, UE ticks higher
Gain of +228,000 non-farm payroll jobs, vs. expected gain of 140K
Unemployment up 0.1 to 4.2%
U6 unemployment 7.9%, down by 0.1%
Labor force participation up 0.1 to 62.5%
Average hourly earnings up by 0.3%; +3.8% Y/Y
February jobs revised down by -34K to +289K
January jobs revised down by -14K to +111K
Tariff impact
SPY Expiration
1 SPY 04/03/2025 520/525 Bull Put Spread
1 SPY 04/03/2025 518/523 Bull Put Spread
1 SPY 04/03/2025 582/577 Bear Call Spread
TQQQ,
I closed my strangle at 1.45 for a small loss. I think it is better to be in cash.
SPX
Bought to Close SPX Apr 17 2025 5900/5905 Bear Call Spreads @ .05 (sold for 1.25)
SPY
Adding.
Sold SPY May 16 2025 485.0 Put @ 3.80
Sold SPY May 16 2025 480.0 Put @ 3.40
TQQQ Calls / VXX Puts closed
Bought to close TQQQ 04/04/2025 70/65 Bear Call Spreads at $0.01
Bought to close TQQQ 04/04/2025 69/66 Bear Call Spreads at $0.01
Bought to close VXX 04/04/202541.5/46.5 Bull Put Spreads at $0.01
#ReleaseMargin
QQQ
BTO QQQ 12/17/27 $320 call @ $175
Adding to my LEAPS Position on today’s weakness
SPX 0-dte trades for 4/3/25
#SPX0dte Sold to Open $SPX 5320/5340-5600/5620 condors for 1.50, IV 55.26%, deltas -.06 +.05
Plenty wide but expected move +/- 65.00 at moment.
TQQQ,
In June of 2012 we traded below $1.00 on the TQQQ and what a bargain that turned out to be. The strangle I put on today is going to be a short term trade of 3 weeks at best. Other than that, I am just sitting on cash.
TQQQ,
STO May 16, 35/80 strangle at 1.01
SPY
Adding.
Sold SPY May 16 2025 490.0 Put @ 3.59
Mag 7 vs The Other 493 YTD….interesting
VXX Puts
After hours during the President’s presser
Sold 1 VXX 04/04/2025 40.5/46 Bull Put Spread at $0.19 Credit
Sold 1 VXX 04/04/2025 40/46 Bull Put Spread at $0.19 Credit
SPY Expiration
1 SPY 04/02/2025 524/529 Bull Put Spread
1 SPY 04/02/2025 523/528 Bull Put Spread
1 SPY 04/02/2025 574/571 Bear Call Spread
BA Calls
Sold 1 BA 04/04/2025 180/177.5 Bear Call Spread at $0.24 Credit
SPY Calls
Sold 1 SPY 04/03/2025 582/577 Bear Call Spread at $0.33 Credit
#1DTE
Close TSLA Call Put
TSLA BTC 4/4 287.5 call at $2. STO at $13.99 on 3/25
TSLA BTC 4/4 205 put at .10. STO at $3.40 on 3/24
TSLA GOOGL NVDA META AMZN Calls
#coveredcalls #syntheticcoveredcalls
$TSLA STO 4/4 287.5 call at 1.55
$GOOGL STO 4/4 162.5 call at .45
$NVDA STO 4/4 116 call at .35
$META STO 4/4 615 call at 2.00
$AMZN STO 4/4 200 call at .50
$AMZN STO 4/4 202.5 call at .35
$NVDA STO 4/4 115 call at .55
TQQQ Calls
Sold TQQQ 04/04/2025 69/66 Bear Call Spreads at $0.15 and $0.22 Credits
Sold TQQQ 04/04/2025 71/65.5 Bear Call Spreads at $0.23 and $0.28 Credits
VXX Puts
Sold VXX 04/04/2025 41.5/46.5 Bull Put Spreads at $0.14, 0.16 and $0.20 Credits
Sold 1 VXX 04/04/2025 40.5/46 Bull Put Spread at $0.13 Credit
Sold 1 VXX 04/04/2025 40/46 Bull Put Spread at $0.13 Credit
Paired with many VXX Bear Call Spreads
SPX 0-dte trades for 4/2/25
#SPX0dte Sold to Open $SPX Apr 2nd 5480/5500-5695/5715 condors for 1.45, IV 39.14%, deltas -.05 +.06, at 9:56 ET
Wasn’t planning to trade today as the Trump presser was going to be during market, but it is now at 4pm, market close. Volume is down meaning traders are waiting. Nonetheless, another day of opening lower and bouncing higher, but I waited until at least the appearance of consolidation.
MSTR COST AMZN Calls
Sold MSTR 04/04/2025 347.5/345 Bear Call Spreads at $0.21 and $0.31 Credits
Sold 1 MSTR 04/04/2025 352.5/350 Bear Call Spread at $0.24 Credit
Sold 1 COST 04/04/2025 1010/1005 Bear Call Spread at $0.17 Credit
Sold AMZN 04/04/2025 207.5/205 Bear Call Spreads at $0.17 and $0.29 Credits
Sold 1 AMZN 04/04/2025 212.5/210 Bear Call Spread at $0.15 Credit
Thanks @walter6871 for the ideas
LULU SOXL LABU CLF
Sold LULU 04/04/2025 315/305 Bear Call Spreads at $0.27 and $0.37 Credits
Sold 1 LABU 04/04/2025 42.0 Put at $0.21
Sold 1 SOXL 04/04/2025 11.5 Put at $0.06
Sold SOXL 04/04/2025 20.5 Covered Calls at $0.03
Sold CLF 04/04/2025 9.5 Covered Calls at $0.03
#EveryLittleBitHelps
SPY
Selling the top of the ladder.
Sold SPY Apr 17 2025 560.0 Put @ 12.00
SPY Expiration
1 SPY 530/535 Bull Put Spread
1 SPY 529/534 Bull Put Spread
Both sold yesterday
SPY Calls
Sold 1 04/02/2025 574/571 Bear Call Spread at $0.23 Credit
Paired with multiple short Put spreads sold yesterday
#1DTE
BOIL Puts / BA NKE Calls
Sold BOIL 04/04/2025 63/68 Bull Put Spreads at $0.22 and $0.24 Credits
Paired with BOIL Calls sold yesterday
Sold 1 BA 04/04/2025 180/175 Bear Call Spread at $0.49 Credit
Paired with BA Puts sold yesterday
Sold 1 NKE 04/04/2025 72/68 Bear Call Spread at $0.14 Credit
Paired with NKE Puts sold yesterday
TQQQ Calls
Sold 1 TQQQ 04/04/2025 70/65 Bear Call Spread at $0.27 Credit
Sold 1 TQQQ 04/04/2025 71/65.5 Bear Call Spread at $0.18 Credit
COST MSTR AMZN
#shortcallspreads
SOLD VERTICAL COST 4 APR 25 1000/1005 CALL @.20
SOLD VERTICAL MSTR 4 APR 25 342.5/345 CALL @.20
SOLD VERTICAL AMZN 4 APR 25 202.5/205 CALL @.21
VXX Calls
Sold VXX 04/04/2025 58/55 Bear Call Spreads at $0.48 Credit
Sold 1 VXX 65/57 Diagonal Bear Call Spread at $0.31 Credit
QQQ
BTO QQQ 12/17/27 $320 call @ $187
Adding to QQQ LEAPS position but much deeper ITM
SPX 0-dte trades for 4/1/25
#SPX0dte Sold to Open $SPX Apr 1st 5460/5480-5680/5700 condors for 1.30, deltas -.06 +.04. IV is unknown as Schwab options chain not showing IV or EM on today’s options chain. I will use a stop of 2.00 in premium for each side of the condor today.
SPY Expiration
SPY 03/31/2025 535/540 Bull Put Spreads – sold this morning
LVS WBA Calls
Sold 1 LVS 04/04/2025 42.0 Covered Call at $0.06
Sold WBA 04/04/2025 12.0 Covered Calls at $0.02
#EveryLittleBitHelps
SPY
In the green for now
NVDA
Risk Reversal using LEAPS
STO NVDA Jan15’27 125 PUT @35.12
BTO NVDA Jan15’27 90 CALL @38.12
Net debit $3.00
XBI
Starter just to watch.
Sold XBI May 16 2025 80.0 Put @ 3.20
Sold XBI May 16 2025 75.0 Put @ 1.45
AMZN
Out and down.
Rolled AMZN Apr 17 2025 200.0 Put to May 16 2025 195.0 Put @ .25 credit (3.50 total now)
Rolled AMZN Apr 17 2025 195.0 Put to May 16 2025 190.0 Put @ 1.25 credit (3.75 total now)
Rolled AMZN Apr 17 2025 190.0 Put to May 16 2025 185.0 Put @ 2.00 credit (4.50 total now)
SPY
Adding.
Sold SPY May 16 2025 500.0 Put @ 3.60
Sold SPY May 16 2025 495.0 Put @ 3.50
CLF DOW HAL MSTX PFE SOXL SPCE VFC
Sold CLF 04/04/2025 8.0 Puts at $0.20 and $0.26
Sold 1 DOW 04/04/2025 32.0 Put at $0.11
Sold 1 HAL 04/04/2025 23.5 Put at $0.06
Sold 1 MSTX 04/04/2025 14.0 Put at $0.15
Sold 1 PFE 04/04/2025 24.0 Put at $0.10
Sold 1 SOXL 04/04/2025 12.0 Put at $0.13
Sold 1 SPCE 04/04/2025 2.5 Put at $0.14
Sold VFC 04/04/2025 14.0 Puts at $0.07 and $0.12
#TinyPuts
BA BOIL GOOGL NFLX NKE NUGT
Sold 1 BOIL 04/04/2025 100/95 Bear Call Spread at $0.54 Credit
Sold 1 BA 04/04/2025 155/160 Bull Put Spread at $0.34 Credit
Sold 1 GOOGL 04/04/2025 135/140 Bull Put Spread at $0.16 Credit
Sold 1 NFLX 04/04/2025 825/830 Bull Put Spread at $0.27 Credit
Sold 1 NKE 04/04/2025 60/61 Bull Put Spread at $0.18 Credit
Sold 1 NUGT 04/04/2025 50/55 Bull Put Spread at $0.40 Credit
SPY Put Ladder
Sold 1 SPY 03/31/2025 535/540 Bull Put Spread at $0.21 Credit
Sold 1 SPY 04/01/2025 529/534 Bull Put Spread at $0.21 Credit
Sold 1 SPY 04/02/2025 523/528 Bull Put Spread at $0.21 Credit
Sold 1 SPY 04/03/2025 518/523 Bull Put Spread at $0.21 Credit
#SPYLadder
SPX 0-dte trades for 3/31/25
#SPX0dte Sold to Open $SPX Mar 31st 5650/5670 call spreads for .55, IV 46.16%, delta +.06
Delta readings on put side seem off and I feel I’ll have a better chance to sell that side after the open.
“Liberation Day” on Wednesday
Not included on the Econ Calendar but perhaps the biggest market mover of the week is Trump’s plan to release a massive tariff plan on Wednesday. Keep this in momd.
Trump says reciprocal tariffs will target all countries (from CNBC.com)
Earnings 3/31 – 4/4
Econ Calendar 3/31 – 4/4
Busy week of data
Expirations
$NVDA 125 call
$GOOGL 172.5 call
$DELL 106 call
$AMZN 210 call
$AMZN 212.5 call
I would prefer if they were called away taken by a rapidly rising market. 😉
Have a great weekend
OptionsExpiration
Everything was rolled out or will expire except:
Assignments:
1 SOXL 17.0 Put
1 LVS 38.5 Put
SWK Stock
Added a tiny bit of SWK at $77.00 – Div = 4.22%
#SP500 #FallingKnife
UVXY May call spread
Sold to open $UVXY May 16 25/35 bear call spread @ 1.38
SPY
Adding.
Sold SPY May 16 2025 520.0 Put @ 4.10
Sold SPY May 16 2025 515.0 Put @ 3.50
Sold SPY May 16 2025 510.0 Put @ 3.40
Sold SPY May 16 2025 505.0 Put @ 3.20
AMZN rollout
Rolled $AMZN Mar 28 200 puts out 1 week to Apr 4 200 puts @ 1.09 credit.
Total credit taken in now 2.24.
Where next?
The $SPX low was 5504 on March 13th…. 5600 was support on both the 18th and 21st, meaning we could be bouncing here, OR on our way to test the 5500 low.
VXX Calls
Also for next week:
Sold VXX 04/04/2025 60/55 Bear Call Spreads at $0.35 Credit
BA NKE NUGT
For next week:
Sold BA 04/04/2025 160/165 Bull put Spreads at $0.40 Credit
Sold NKE 04/04/2025 59/63 Bull put Spreads at $0.33 Credit
Sold NUGT 04/04/2025 70/67 Bear Call Spreads at $0.38 Credit
SPX 0-dte trades for 3/28/25
#SPX0dte Sold to Open $SPX Mar 28th 5565/5585-5755/5775 condors for 1.45. Order on at open, filled 1 minute later… IV and delta at time of fill: 33.47%, -.07 +.05
SPY Expiration
1 SPY 03/27/2025 554/559 Bull Put Spread
1 SPY 03/27/2025 555/560 Bull Put Spread
1 SPY 03/27/2025 556/591 Bull Put Spread
TSM
STO TSM Apr11 155/150 Bull Put @0.53
LULU Iron Condors
DOW VTRS PPG Stocks
Added a tiny bit of DOW at $35.00 – Div = 7.87%
Added a tiny bit of VTRS at $8.75 – Div = 5.36%
Added a tiny bit of PPG at $106.00 – Div = 2.43%
#SP500 #FallingKnife
SPX 0-dte trades for 3/27/25
#SPX0dte Sold to Open $SPX Mar 26th 5605/5625-5760/5780 condors for 1.35, IV 29.26%, deltas -.06 +.06
Waited for at least the appearance of stabilization.
SMH
STO SMH Apr04 205/200 Bull Put @0.46
BA TSLA SPY VXX again
Sold 1 BA 03/28/2025 160/167.5 Bull Put Spread at $0.21 Credit
Sold 1 TSLA 03/28/2025 242.5/247.5 Bull Put Spread at $0.38 Credit
Sold 1 SPY 03/28/2025 548/553 Bull Put Spread at $0.16 Credit
Sold 1 VXX 03/28/2025 61/51 Bear Call Spread at $0.39 Credit
BA TSLA SPY VXX
Sold 1 BA 03/28/2025 160/170 Bull Put Spread at $0.28 Credit
Sold 1 TSLA 03/28/2025 245/250 Bull Put Spread at $0.38 Credit
Sold 1 SPY 03/28/2025 549/554 Bull Put Spread at $0.15 Credit
Sold 1 SPY 03/27/2025 554/559 Bull Put Spread at $0.16 Credit #1DTE
Sold 1 VXX 03/28/2025 60/50 Bear Call Spread at $0.47 Credit
Sold 1 VXX 03/28/2025 59/50 Bear Call Spread at $0.48 Credit
SPY BA TQQQ VXX
Sold 1 SPY 03/27/2025 555/560 Bull Put Spread at $0.16 Credit #1DTE
Sold 1 BA 03/28/2025 165/170 Bull Put Spread at $0.17 Credit
Sold 1 TQQQ 03/28/2025 54/59 Bull Put Spread at $0.16 Credit
Sold 1 VXX 03/28/2025 59/52 Bear Call Spread at $0.17 Credit
Sold 1 VXX 03/28/2025 59/51 Bear Call Spread at $0.20 Credit
Sold 1 VXX 03/28/2025 58/50 Bear Call Spread at $0.30 Credit
SPY
Rolling my highest strikes.
Rolled SPY Apr 17 2025 570.0 Put to May 16 2025 560.0 Put @ .45 credit (5.30 total now)
Rolled SPY Apr 17 2025 560.0 Put to May 16 2025 550.0 Put @ 1.25 credit (5.45 total now)
And:
Sold to Close SPY Apr 17 2025 300.0 Puts @ .01 (sold the ones I don’t need anymore)
Bought to Open SPY May 16 2025 325.0 Puts @ .12 (new batch to sell against)
Sold SPY May 16 2025 530.0 Put @ 3.52
Sold SPY May 16 2025 525.0 Put @ 3.41
NVDA
STO NVDA Apr11 105/100 Bull Put @0.57
SPX 0-dte trades for 3/26/25
#SPX0dte Sold to Open $SPX Mar 26th 5690/5710-5830/5850 condors for 1.15, IV 21.89%, deltas -.06 +.05 (same strikes as yesterday)
Options Bistro 