LABU

BTC June 29, 85 calls and sold July 20, 86 calls for a credit of .60 cents. I am long the 84.78 calls in 2020. If they expire in July, I will have covered 32.3% of the original cost and I am trying to cover the cost by the end of this year.

June 6 trades

BA: I’ve got two of these on, a #CoveredBackRatio and an #UnbalancedDiagonal . The CBR had a virtual call assignment today, closing the full position for a net $2964 profit on an 8×4 setup. The UB I put on right before the close yesterday and is up smartly today.

TWTR: Opened a new Unbalanced Diagonal: Aug 37 call x10 @ 5.25, sold Jun 15 40.5 call x8 @.92. I’m really loving these unbalanced diagonals, how you can really bring the long strike up closer to ATM, thus lower risk, and at the same time bring the short call down closer to ATM (collect more $$), but the ratio makes the trade work so well.

SPY added a few more #Saf-T contracts. I’m still waiting for Saf-T shares to get called so I can reset them. I decided I make more profit waiting for full profit and paying the assignment fees, vs front running the assignment myself and giving up a few cents in order to save the fees.

I expect a really slow day from here on. It’s a “theta day” where I just sit back and catch the pennies.

Sue

#fuzzy, #pietrade, #supercharger, #superchargers

#shortputs NKTR Sold July 20,…

#shortputs NKTR

Sold July 20, 50 put for 1.00, NKTR up 7 to 63 today

#LEAPs QQQ Question if anyone…

#LEAPs QQQ Question if anyone wants to opine. I bought 1 QQQ Jan 2020 161 Call @ 19.50. I gave up trying to sell calls against it because of the recent uptrend. I kept having to buy them back, adding to my basis which is now about where I started. I have a nice profit in the call and am wondering where to go from here. I see four options. Try to sell another call against it. Close the position and TTMAR. Roll the call up to say the 165 strike. Or do nothing. If I were to sell a call would it be better to go further out or continue the weeklies trying to whittle away the original basis. Thanks in advance for all your opinions and support.

#strangleroll, #syntheticcoveredcall

TWTR #shortputs Closed my June…

TWTR #shortputs Closed my June 08th 37 Puts @ .04. Sold Monday for 0.87. Its good to be lucky. Just not wise enough to have gone long.

SPX puts closed

#SPXcampaign Closed on GTC order: $SPX June 14th 2590/2565 put spreads for .20. Sold for 1.65 on May 17th.

LUV

#LongCalls #LEAPS – This was one of my first attempts at this style of trade. With the low weekly premium I’m cutting it loose due to the whipsaw risk vs the potential profit…just not enough premium to sell.

Bought to Close LUV JUN 8 2018 52.0 Calls @ .05
Sold to Close LUV JAN 18 2019 60.0 Calls @ 1.35

Stock moved against me from day 1 but still squeezed out a profit after commissions…LOL. A whopping 8 cents per contract. Better than a loss!

Sep WYNN

Adding a shorter rung to the Dec/Jan ladder that @fuzzballl sold yesterday.
Sold $WYNN Sep 21 140 puts @ 2.10.

#shortputs #pietrades ECA sold July…

#shortputs #pietrades ECA
sold July 20, 12 put for .65, stock at 12.14, earnings are July 19.

TSLA

#LongPuts #LongCalls #LongLEAPStraddles – 2020 position playing both sides (for now). This early in the trade I can afford to be really aggressive. Put side only needs 1.19 per week to be covered a year early. Call side is just 68 cents.

Bought to Close TSLA JUN 8 2018 292.5 Puts @ .85 (sold for 7.15)
Sold TSLA JUN 15 2018 302.5 Puts @ 6.43

Rolled TSLA JUN 8 2018 292.5 Calls to JUN 15 2018 295.0 Calls @ .40 credit

#supercharger SOXL is going ex-div…

#supercharger

SOXL is going ex-div on 2018/06/19.
Amount is not known so far.

AMBA post-earnings

Sold $AMBA Nov 16 32.50 puts @ 1.10. Stock hasn’t been there in almost 4 years.

TQQQ calls

#LEAPs #SyntheticCoveredCalls
Missed the highs at the open, so selling now: $TQQQ June 29th 62.5 calls for 1.20

SPX calls sold

#SPXcampaign Sold after the closing bell yesterday: $SPX July 6th 2830/2855 call spreads for 1.65.

Today I’m just letting time decay do its thing. I may sell something if we reach significant highs or lows.

RTN

#LongCalls #LEAPS – This thing is in a squeeze that could go either way. Selling this new batch a couple weeks out and won’t hesitate to roll if deltas become negative. 2020 position that need 66 cents per week to be covered a year early.

Bought to Close RTN JUN 8 2018 217.5 Calls @ .10 (sold for 1.25)

Sold RTN JUN 22 2018 217.5 Calls @ 1.25

TQQQ

I notice that it has been going up but on low volume. Perhaps a warning sign?

FB

#LongPuts #LongCalls #LongLEAPStraddles – Got aggressive with my last put sale so bringing it back in a little. LEAP puts already paid for so a small debit roll down. The pullback is helping the call side though.

Rolled FB JUN 8 2018 195.0 Puts to FB JUN 22 2018 192.5 Puts @ .53 debit

AMBA

#LongCalls #LEAPS – Booking and selling…

Bought to Close AMBA JUN 8 2018 51.0 Calls @ .05 (sold for 1.60)

Sold AMBA JUN 15 2018 44.5 Calls @ .85

EXAS

BTC July 20, 30 puts @.05, sold at 1.20

MSFT

Rolled Jun 8 103 call to Jun 15 104 .13 Cr have a Jun 15 100 call

#earnings SIG up 17% after…

#earnings SIG
up 17% after earnings
AMBA down 14%

AMZN

STO BeCS Jun 8 1750/1752.5 .23 2x makes an IC
NFLX
STO BeCS Jun 8 380.0/382.5 .16 Also an IC
Just a bit more credit for this week.

#spycampaign June 06 STO BeCS…

#spycampaign
June 06
STO BeCS 2760/2770 for $2.25, 2760 is about R2, but delta is 0.33, higher than I like

STO BuPS 2745/2735 for $0.90, prices moving up strong, delta 0.172 safer level I think

This approach worked well last 2 expiration days so I’ll keep trying it until it fails. I add later in day after volatility dies down but premiums richer early in day.

BABA

Rolled my June 29, 202.5 calls out to July 13, 205 calls for a debit of .30 cents. I own the January 2019 calls.

QQQ

BTO Jul 20 176/174 Put spread .81 #Bitty
TP TT

Good Morning

Good Morning

Closed Early NFLX / Short Puts WYNN

#shortputs
Closed Early
$NFLX BTC 6/15 310/320 BUPS at .05 (98% of max profit)

#shortputs
$WYNN STO /20 170/175 BUPS at 1.40

SPX Campaign Stopped Out / Closed Early YY BIDU TQQQ / Rolled SQ

#spxcampaign
$SPX BTC 6/22 2800/2775 BECS at 6.25 STO at 2.50

#longcalls
$YY STC 6/8 116 calls at 9.10 BTO at 4.78 Have a few left. Not sure I will hold over earnings

#shortputs
$BIDU BTC 6/15 240/250 BUPS at 1.00 STO at 3.30 (70% of max profit)
$TQQQ BTC 9/21 26.67 put at .20 STO in April at 2.27 Thank you @ramie77

#rolling
$SQ BTC 6/15 58.5 put and STO 6/15 60.50 put for extra .60 credit and gained $2 if called

TQQQ

#ShortPuts #IRA – Two month position…booking it. Freeing up some buying power.

Pre-split numbers:

Bought to Close TQQQ SEP 21 2018 80.0 Put @ .75 (sold for 6.50)

WYNN

BTC Jun 15 BuPS sold for .45 2x on 5/29 BTC .06 this AM

BABA

Closed out my 2020, 200 call / June 15, 212.5 call spread at 40.85, put it on at a cost of 38.78

WYNN

#IRA – Not quite a falling knife but getting there…

Sold WYNN DEC 21 2018 140.0 Put @ 4.41
Sold WYNN JAN 18 2019 130.0 Put @ 3.30

#fallingknife

TQQQ rolling

#LEAPs
BTC $TQQQ June 22nd 60.83 calls for 1.75. Sold for 1.20 yesterday.
Sold TQQQ June 29th 56 puts for 1.15.
Will sell new calls at new highs.

Afternoon all

#shortputs Sold ROKU 37 Puts @ .45 when ROKU was at 38.05 this morning.
#bullputspreads
AMZN Sold to open June 15th 1580/1600 @ 1.04 when AMZN was at 1683.
Closed the June 8th 1585 / 1650 @ .20 Opened it yesterday @ .45
#LEAPS Sold my ERX 2020 36 Call @ 10.96 for a small gain. I have struggled to manage this effectively and decided to take it off. Especially after Jeff’s reminder of pricing on 3X ETFs.
#spxcampaign Closed my June 15th 2565/ 2585 BuPS for .25. Originally sold for 1.15.

TGT

#Rolling #CoveredCalls
Rolling covered calls opened yesterday as $TGT took off. Going out to Jul 20 expiration, 45 DTE, and up $1.50 to 77.50.
Bought 200 sh @ 76.05, STO 2 11Jun 76 cc @ 1.30, BTC @ 2.85
STO 2 20Jul 77.50 cc @ 3.12
EDIT: share price: 78.18

Jeff

all of a sudden the Like & comment link is not showing up on my screen in most posts??
I still can enter a post and see all posts as far as I know.

LABU

STO Jun 22 87.5/85 BuPS .31 #Bitty
Thx hcgdavis

ETF Dividends Next Week

Don’t forget about dividends next week if you are rolling any calls on ETF’s. Remember the div rule on call assignments: The div has to be more than the extrinsic value for your position to be vulnerable. IF you are assigned for the dividend, you also are PAYING the dividend to the new share holder, if you didn’t know.

Leveraged products additional info.

Read the LABU/LABD prospectus cover to cover last night. Similar math and graph as what @jeffcp66 posted yesterday. They very clearly state that if the index goes no where, the fund will lose money and they truly are for short term trading. However, unlike SVXY/XIV there is no mention that it can go to zero or be liquidated but in periods of extreme volatility it will fair worse than a non leveraged product because of the adjustments. However once the move occurs subsequent adjustments actually mute the effects a little.

For example on day 1 a 50% drop in the index would cause a 90% drop in NAV. Another 50% the next day that number would decrease to around 80%. Still a lot of pain but not as severe.

I think the way to trade these is sell premium, hedge/spread up front so risk is controlled, and any sudden moves get out quick. Don’t want to hold the ETF long term unless you have a strong directional bias.

Personally I will be adjusting these to spreads instead of naked #pietrades. That way can still collect the premiums but control worst case scenario. Don’t want another SVXY implosion in my accounts. However the spreads will be fairly wide 5-10 points so the premium collected is still excellent. For instance an 18 DTE LABU pcs at 87/82 is going for 0.6 credit with only 5k at risk. Much less cash than selling naked but also a huge reduction in risk! Perhaps a better way to trade them? 🙂

SPX puts sold

#SPXcampaign Sold to Open $SPX July 6th 2625/2600 puts for 1.60

NKTR puts

Sold $NKTR Nov 16 30 puts @ 1.85. Lowest strike.
Thanks @fuzzballl for calling my attention to this yesterday with your graphic visual illustration 🙂

SPX stop and roll

#SPXcampaign Today’s high was, of course, just above my ATM stop level for this one.

Stopped: $SPX June 8th 2750/2775 call spreads for 8.55. Sold last week for 3.25.
#CondorRoll: Sold $SPX June 15th 2695/2720/2785/2810 condors for 6.70, 1.33x position size.

SQ and PYPL LEAPs

#LEAPs #SyntheticCoveredCalls
Sold short-term calls against 2019 long leap calls. Lots of bullish movement has me #Rolling a lot.

Yesterday:
Sold $SQ July 6th 63.5 call for 1.77
Sold $PYPL July 6th 87 call for 1.15

Today:
Closed PYPL June 15th 83 call for 2.00. Sold for 1.25 last Thursday.
Closed SQ June 22nd 61.5 calls for 2.02. Sold for 1.40 on Friday.
Will look to replace these today.

Also gotta roll $TQQQ calls I sold yesterday, already breached.

YY earnings

#Earnings This one has not been a big mover on earnings, except for the last two quarters, which account for its two biggest moves, up and down. I’m selling a few puts, but beware, it could be over-extended.

Sold $YY June 8th 115 put for 1.80. May add a couple 110 puts, too.
Biggest UP move: 24.8%, Biggest DOWN move: -12.3%, Average move: 5.1%. This trade is -5.9% OTM.

June 5 Trades

TWTR: Out the gate executed a virtual call assignment for $1889 profit on a 10×7 #UnbalancedDiagonal . That’s multiple thousands of profit (in a couple accts) since I suggested the TWTR stock replacement idea to y’all about 10 days ago. Flat TWTR right now.

#coveredbackratio, #coveredcall, #pietrades, #saf-t

#vxxgame With the Vol getting…

#vxxgame

With the Vol getting so low, is it a good time to buy some Leap calls in UVXY or VXX?

#fuzzy, #pietrade, #spycraft, #supercharger

Closed Early YY Calls and Short Puts RHT / Rolled LABU Calls

#Long Calls
Closed Half Early
$YY STC 6/8 116 calls at 6.93 BTO 6/1 at 4.78 Probably close the rest tomorrow before YY Earnings
#shortputs
Closed All Early
$RHT BTC 6/15 150/160 BUPS at .50 Achieved 74% of full profit

#rolling
$LABU Rolled again BTC 6/15 89 calls and STO 6/15 98 calls at $6 debit. Gained $9 if called away. Fingers crossed

NKTR

knife

Afternoon all

#SPX Camapign closed the call side of my messed up June 15 IC. Tried to close the Put side but no takers yet.
#pietrades Sold June 8th 37 Puts @ .87 when TWTR was at 36.73
Sold FAS June 8th 68 Calls @ .60 against long stock
Sold NUGT June 15th 26 Calls @ .61 against long stock. I couldn’t get .30 for June 8th expiry but .61 for June 15th.
Dumped my SVXY LEAP 30 Calls @ .30. Time to cut the wish cord and more on.
Sold an AMZN June 8th 1605/1585 BuPS for 0.56.
Sold BAC June 8th 30 Call @ .08 against my stock. I was going to just close the position but decided to sell calls as the method. Might make a few coins before it is assigned.
And that is the whole story.
Have a great evening

SPX calls stopped

#SPXcampaign Stopped $SPX June 22nd 2800/2825 call spreads for 3.85. Sold for 1.80 last Wednesday.
I’m using a 4.00 stop on standard campaign call spreads, which this breached right after the open, so I got out on the pullback. I’ll consider how to roll tomorrow.

TQQQ Leap call sold

#LongLEAPs Sold $TQQQ Jan 2020 83.33 call for 6.30.

Today, as $QQQ just notched an all time closing high, you can see the TQQQ is about 5% below its highs. This is due to the compounding effects of a 3x leveraged product. The same force that drags NUGT, DUST, GUSH, DRIP, and others downward will drag on TQQQ. Because we’re in a long-term bull market, it is harder to see this force in the chart, but today’s high gives you a good snapshot when comparing to QQQ. Thus, I like selling farther out 83.33 call against my long 2020 50 calls. I just sold 1 today (against the 3 longs) and can add more at better prices or different strikes. I am ALSO still selling short term calls, so this will throw my deltas out of whack, but I’m really looking at each of the short calls separately and less at the full picture. Upside risk on a ContangoETF is not difficult to manage.

BABA

Rolled the June 8 210 calls to June 15, 212.5 calls for a .10 cent credit.

TQQQ leaps

The reason I like this ETF is that it is an index not tied to futures or anything else. It will not go out of business and since it is really technology that will drive profits. Also, the premiums are really fat and nice.

I also keep 50% of the account in cash in case of a black swan and would double up under the right conditions.

#contangoetf, #pietrade

TQQQ leaps

It seem s to me that this is a long term trade of years and I would like  to hold the long term leaps for several years and book 100 points or more. If you had bought this ETF when it came out, you could have made 28 times on your investment. The beauty of the leaps is that you have leverage and if you can sell short term calls to pay for the trade as well as get the increase in price if the price goes up, then you have a big winner.

This is where the roll out to the next year makes sense when you have earned enough premium to cover the cost of the leap. Am I making sense or smoking hopium?

Rapid fire trades (not as…

Rapid fire trades (not as fast as an algo but close). 5 accounts in 15 minutes! All expiring this week so added a week.

#pietrades rolled LABU 85 puts up to 92.5 in 3 different accounts for credits of 2, 20.5, 2.25. I expect these may be challenged if we get any pull back.

AMAT rolled 51 cc to next week for 0.30 credit. Cost basis now 52.39. 2-3 more rolls should allow me to keep the original credit.

AMAT 50.5 CC will allow to expire this Friday. Cost 49.56 so a nice winner after 3-4 weeks of rolling puts and calls true #pietrade style.

GM 37.5 CC will close Friday finally. A little loss, cost basis was 37.72 but will just be happy to have the cash to use for other trades. Staying out of this one until the premiums are much better.

Back to sitting on my hands until Friday or Monday depending on what the rest of the week does.

Collected another $3163 in premium from these trades so nice week for trading a few days early, did not expect the market to stay up, will probably pay for a few of these trades later but at least have a cash cushion now 🙂

#supercharger

TGT

#CoveredCalls #shortputs
BTO 200 $TGT @ 76.0499
STO 2 15Jun 76 puts @ 1.30
Consumer goods showing strength today

LEAPS 2019, 2020 and beyond….TSLA roll

#LongCalls #LEAPS – Now that we’ve got the upside risk to these somewhat contained I gave some thought over the weekend (scary!) about the other risk to these that I’ve noticed concerning the downside and possible whipsaw.

Even with the LEAPS, if the stock has moved against you quite a bit they can pretty quickly start running out of juice to sell against when they get down to the last 6 or 7 months. For instance my LUV 2019 60 strike LEAP calls are already down to 1.60 with 7 months still to run. Eventually these positions reach a point where the LEAPS don’t protect the short calls very much on a big whipsaw even if selling less than a full position.

So…what’s a possible remedy to this? Here’s what I’m planning for the stocks that I don’t mind selling against for the long term. I am going to roll my current LEAP position to the next LEAP as soon as it’s available. The debit is minimal and gives a LEAP to sell against that still offers some upside protection.

Then…think of it this way. Each year you don’t have to sell enough to cover the entire cost of the LEAPS…just enough to cover the cost of the debit roll to the next year when it comes out. Everything beyond that is profit. I feel like longer term the debit roll will be covered very easily and subsequent debit rolls can be taken out of the long term profits and they won’t even be an issue. Also when these rolls are done it will allow any adjustments to be made to the LEAP strike prices if you feel it’s necessary.

Here’s what I did with TSLA this morning. Since I’m wanting to sell against it long term and I’ve already got a 2020 position on the call side I’m rolling my 2019 put side out to 2020. This evens things out and gives another year of selling for a minimal debit.

Rolled TSLA Jan 2019 300/200 BePS to Jan 2020 300/200 BePS @ 8.50 debit.

That’s a small price to pay for an additional year of selling and avoids even the slightest whiff of theta working against the position. When the 2021’s come out in a few months I’ll re-evaluate to see if a roll would help.

#spycampaign Jun 04 options STO…

#spycampaign
Jun 04 options
STO BeCS 2755/2765 for 0.65
STO BuPS 2735/2725 for 0.35, 0.30

watching to add BeCS 2755/2765 for $1.00cr

June 4 Trades

Ahhh, I love June!

I have 2 “Virtual Call Assignments” today due to extrinsic losing most of its value:
TQQQ 6×3 #CoveredBackRatio netted $837 (closed entire position)
MSFT 14×8 #CoveredBackRatio netted $1120 (closed entire position)

Rolled MU Jun 8 to Jun 15 qty 5 calls for $670 profit on jun8

MA debit rolled calls from Jun8 192.5 to Jun15 195 for -$654 on a 2-lot

#unbalanceddiagonal

TQQQ roll

#LEAPs #SyntheticCoveredCall
Closed $TQQQ June 8th 59.17 calls for 1.00. Sold May 14th for 1.16 (effective price)
#Rolling Sold June 22nd 60.83 calls for 1.20.
May also add short puts if we get any pullback.

BABA roll

#CoveredCallCampaign #CoveredCalls
Closed $BABA June 8th 207.5 covered call for 2.65. Sold in strangle-roll for 5.28 on May 10th.
#StrangleRoll Sold BABA July 6th 190/220 strangle for 3.37.

AMZN

STO Jun 8 1625/1622.5 BuPS .37 2x #Bitty

MSFT

BTO Jun 15 100 Call 2.25 Looking for a continued move up. Not something I usually do.

AMZN

BTO DIM Jun 8 1617.50/1620.00 2.17 #Bitty

NFLX

STO Jun 8 345/342.50 .26 BuPS #bitty

QCOM

BTC June 15, 50 puts @.01, sold @1.10

AAPL covered call

#CoveredCallCampaign #CoveredCalls
Sold $AAPL July 6th 197.5 covered call for 1.90.

Econ Calendar for week of 6/4/18

Be sure to periodically click Home/REFRESH to keep Bistro features updated.

Screen Shot 2018-06-04 at 5.15.36 AM

Some observations as I closed…

Some observations as I closed out another week. Good 3 weeks 🙂 the pull back a few weeks ago really helped.

1. Critical mass on accounts seems to be around 50k. At that point the compounding really starts to kick in and the account becomes self sustaining for positive theta, #pietrades, income trades. Trades that need to be adjusted do not seem to affect the account value as much at these levels as well. Trading 6 different accounts with different values, lowest $3500 so can really see the difference. Each contract adds a lot more cash each week. 5-10 contracts is where the income really starts to compound and pay off. Even 3 contracts is a lot better than 1 unless talking AMZN or PCLN.

2. Some names are just better than others. GM is out as soon as it closes this week. Names with perceived high volatility but don’t really move around a lot and have good premiums (0.5-1% per week minimum) do the best and are easier to adjust.

3. I try to suck all the time value out of an option but once down to 0.2 roll it for better theta decay.

4. defending trades, easier to do it before the option goes way ITM or better yet, roll it before it even gets there. You will loose a little in time value but by rolling earlier you can stay ahead and continually bring in credits. Now if it is sitting right ATM I will wait until the last minute to roll it but if there is any time left, easier to roll early.

5. Taking a slight directional bias really increases returns. Allows to sell puts closer to ATM and also time call sales better.

6. For small accounts the #supercharger seems to work the best. Better ROI than credit spreads, less adjusting, less risk overall (defined) and more cushion for pull backs as you are already deep ITM. However, have to work the spread on entry or the exit is not as profitable. For any of my accounts under 10k I will be doing a lot more of these. 10k and up probably #pietrades with some #fuzzies thrown in. Occasional #spycraft as well but to be honest the #supercharger are doing much better when we have pull backs and more consistent gains.

Sitting on my hands until Fri. Hopefully we have a pull back, at least a little one where no one gets crushed 🙂

#fuzzy

FB

#LongPuts #LongCalls #LongLEAPStraddles – A couple trades I didn’t get a chance to post. Similar to TSLA, I’m playing this both directions. I’d like to see a pullback so I’m making a couple very bullish trades…LOL.

Calls:

On the call side adjusting everything up to get the short calls more rollable and back in play. If I can get the short calls to expire at some point the LEAPS have 7.10 gains in them along with another 6.95 of weekly premium so far.

Rolled 170 long LEAPS up to 180 @ 7.10 credit
Rolled 170 short weekly calls up to 177.5 @ 7.15 debit (and rolled out one week to Jun 22nd)

Puts:

Rolled short weekly puts up again. Aggressive roll here to in the money and near all time highs (gulp!)

Rolled 187.5 short puts to 195.0 puts @ 2.17 credit. (total credit on this batch now 6.12)

Of the 6.12 credit on these current short puts the last 2.22 is my first #PureProfit with 32 weeks still to run on a 5 lot…

SPX Trade

#spx

Friday afternoon
BTC Jun 22 Weekly 2625 Short side, at 6.50, Prev sold on 5/21 for 11.10
Gain at 43%
Resold Same Put for 6.40 X 2 contracts, 12.80 total credit
Took my small Profit as ES was at the High of the Day..

“Thongs”

@MamaCash is the one that comes up with all the creative trade names (Atomic Alligators). She just told me we’re going to start calling the “Theta Long” trades (like covered calls, etc) “Thongs”. I won’t hashtag this, but thought you’d all laugh with me.
Sue

#optionexpiration Afternoon all. Hot one…

#optionexpiration Afternoon all. Hot one today with temps in the 90s. Summer is here.
Expired
NUGT 26 Calls
TWTR 34 Puts
FAS I put a .05 closing order on my 66 short calls before I headed out this morning. These were filled about 3:15 when FAS was at 65.62.
Have a great weekend all.

#rolling #shortputs T rolled June…

#rolling #shortputs T
rolled June 15, 34 put to July for .62, now have a short 33 and short 34 with T around 32. Ex div will likely be the first week of July, might be rolling again.

SPX trades

#SPXcampaign Sold to Open $SPX June 29th 2610/2585 put spreads for 1.55.

Stopped SPX June 15th 2735/2760 call spreads for 11.45. Sold as a #ReverseRoll for 4.40 on Tuesday.
Looking to roll into a condor.

#condorroll