#SPX0dte Sold to Open 5780/5800-5955/5975 condors for 1.30, IV 30.80%, deltas -.07 +.05
Waited for 37 minutes before stepping in… already down over 1.5% so I feel safe(ish) to enter now.
Recent Updates Page 33
SPY
Add at the 200 day.
Sold SPY Feb 21 2025 550.0 Put @ 4.05
BA
Small adds.
Sold BA Jan 17 2025 167.5 Put @ 2.75
Sold BA Jan 17 2025 170.0 Put @ 3.75
Sold BA Jan 17 2025 172.5 Put @ 5.00
Upside Warning? Nah.
#VIXIndicator. The drop in futures and at the open has canceled the Upside Warning that never was. I noted on Friday that it was the first time I’d seen a $VIX spike high enough to cancel the UpW on the same say that we closed low enough to fire the UpW. That was our clue that this one was not to be.
Earnings 12/30 – 1/3
Econ Calendar 12/30 – 1/3
Upside Warning takes effect
#VIXindicator Today was the first time I remember the intraday $VIX peak exceeding 25% above the 2-dat low, a signal that normally cancels an Upside Warning, followed by the day’s close firing the UpW. But we could be poised for another push higher in the coming days.
Expired / Assigned
#optionsexpiration
$AMD 128 call
$META 610 call
$NNE 29.5 call
$NVDA 143 call
$RUM 20 call
$SOUN 25.5 call
#assignment
$RUM 24 put Basis 22.90
MSTY
#dividends
BOT MSTY @29.36
SPX
Stole Jeff’s idea just for fun. Interesting.
Bought to Open SPX Dec 27 2024 6000.0 Call @ .50
Sold to Close SPX Dec 27 2024 6000.0 Call @ .85
NVDA
Taking a shot a couple weeks before earnings and down at the 200 day.
Sold NVDA Jan 31 2025 120.0 Puts @ 2.33
SPY
Adding.
Sold SPY Feb 07 2025 565.0 Put @ 3.00
And:
Sold SPY Jan 31 2025 565.0 Put @ 3.38
SPX 0-dte trades for 12/27/24
#SPX0dte Sold to Open $SPX Dec 27th 5920/5940-6050/6070 condors for 1.018, IV 20.18%, deltas -.06 +.06
TSLY YMAG YMAX
#dividends
BOT TSLY @17.04
BOT YMAG @20.13
BOT YMAX @17.798
VIX
Adding a little more. Kind of a lottery ticket hedge.
Bought to Open VIX Feb 19 2025 25/35 Bull Call Spreads @ .41 debit
SOUN Call and Put
#coveredcalls #shortputs
$SOUN STO 12/27 25.50 call at .65
$SOUN STO 12/27 24 put at 1.10
RUM Call and Put
#shortputs #coveredcalls
$RUM STO 12/27 16 put at .70
$RUM STO 12/27 20 call at .45
PLTR Put
#shortputs
$PLTR STO 1/3/2025 77 put at .96
NVDA Put
#shortputs
$NVDA STO 1/3/2025 138 out at 2.50
SPX 0-dte trades for 12/26/24
#SPX0dte Sold to Open $SPX Dec 26th 5945/5965-6080/6100 condors for .95, IV 20.12%, deltas -.07 +.06
Merry Christmas / Happy Hanukkah
Thanks to everyone for sharing great ideas during the year.
Health Happiness and Prosperity to @jeffcp66 and all the Bistroites
TLT
Had a great year in this. Dipping a toe in for maybe a gradual re-load.
Sold TLT Jan 17 2025 87.5 Put @ 1.20
Sold TLT Jan 17 2025 88.0 Put @ 1.42
SPCE
#coveredcalls
#really! #TRULY #everylittlebithelps
STO SPCE 27 DEC 2024 7 CALL @.01
TQQQ
BTC December 27, $91 puts at 3.30 so made 5 cents before brokerage. I am now 100 % in cash again and waiting for the new year.
Santa may kill Downside Warning
#VIXindicator Provided we don’t get a surprise $VIX spike today, the close will kill the Downside Warning under 16.05.
SPX 0-dte trades for 12/24/24
#SPX0dte Sold to Open $SPX Dec 24th 5915/5935-6020/6040 condors for .95, IV 15.78%, deltas -.08 +.05
META NNE NVDA Call
#coveredcalls #syntheticcoveredcalls
$META STO 12/27 610 call at 3.20
$NNE STO 12/27 29.5 call at .70
$NVDA STO 12/27 143 call at .65
BA
Just to stay involved. Selling a week or two before earnings.
Sold BA Jan 17 2025 167.5 Puts @ 2.47
AMD Call
#coveredcalls
$AMD STO 12/27 128 call at .95
VXX
Sold puts against synthetic short stock. Got caught in the volatility collapse around the election. Instead of chasing these down all year I’m rolling them out to the synthetic short expiration. Capping my gains but should be able to close earlier at some point for good gains. Below 35 at expiration makes max profit.
Rolled VXX Feb 21 2025 47.0 Puts to Jan 16 2026 35.0 Puts @ 1.50 credit (2.30 total now)
Synthetic position is Jan 2026 55/55/85 @ 10.00 basis
Got into most of these at 16 or 17 dollar debits each. Gradually added while reducing basis selling the weekly puts. Got that down around the 10 area so not bad. Max profit about 10 dollars. If I can get 5 or 6 and close early that will be the goal.
SPX 0-dte trades for 12/23/24
#SPX0dte BOUGHT to open $SPX Dec 23rd 5825/5845-5990/6010 condors for 1.20, IV 25.92%, delta -.05 +.06
After getting whipped around last Thursday and Friday I’m trying some long strategies this week. Although I got out of both with small losses, my short puts on Wednesday finished fully ITM, and my short calls Friday went fully ITM intraday before retracing and finishing ATM. I also remember a Christmas Eve a few years back that had a massive drop, even though only a half day. With Downside Warning in effect and $VIX elevated, I was playing my normal strategies too loosely last week.
Earnings 12/23 – 12/27
Econ Calendar 12/23 – 12/27
Expired
#coveredcalls
$AMD 121 calls
$AMZN 242.50 calls
$GOOGL 207.5 calls
$META 645 calls
SPX
Rolling out and down on the bounce.
Rolled SPX Dec 27 2024 6060.0 Puts to Jan 17 2025 6030.0 Puts @ 10.50 credit (37.00 total now)
Rolled SPX Dec 27 2024 6065.0 Put to Jan 17 2025 6030.0 Put @ 6.00 credit (34.00 total now)
SOXL YMAX YMAG ZVOL
#coveredcalls
SOLD SOXL 20 DEC 2024 30 CALL @.03
#everylittlebithelps
#expirestoday
#dividends
BOT YMAX @17.47
BOT YMAG @19.28
BOT ZVOL @17.26
The Cat Bounced
#SPY calls
During Wednesday’s yikes moment with ten minutes until close
$SPY BTO 12/20 590 calls at 3.28
Today
$SPY STC 12/20 590 calls at 5.16
UVXY call spread
Sold to open $UVXY Jan 17 25/35 bear call spreads @ 1.35-1.40
SPX 0-dte trades for 12/20/24
#SPX0dte Sold to Open $SPX Dec 20th 5725/5745-5930/5950 condors for 1.25, IV 35.48%, deltas -.06 +.06
Government shutdown deadline in the news today, as well as more data at 10am ET. This condor is nice and wide but I will still watch it closely. Expected move (my stops) is currently 48.30.
SOXL TSLY
#shortputs
tIP SOLD SOXL 20 DEC 2024 23.5 PUT @.10
#dividends
BOT TSLY @16.98
SPX 0-dte trades for 12/19/24
#SPX0dte Sold to Open $SPX Dec 19th 5795/5815-5985/6005 condors for .95, IV 34.84% deltas -.07 +.05
The drop from morning highs indicated it may not be a highly directional day.
SPY collapse
Rolled 1 SPY 12/19/2024 583 Put to 1 SPY 12/20/2024 575 Put at $0.28 Credit
YMAG YMAX SOXL
#dividends
BOT YMAG @19.67
BOT YMAX @17.525
#shortputs
SOLD SOXL 20 DEC 2024 25 PUT @.34
Downside Warning in effect
#VIXindicator As if that wasn’t obvious. Been awhile since I’ve seen an intraday move that sharp.
SPX
15 bagger in four hours. Thanks Whiz!!
Feb monthly:
Bought to Close 6300/6310 Bear Call Spreads
Sold to Close 5800/5775 Bear Put Spreads
Net credit of 5.00 (bought for .30 debit)
ARE BAX BIIB COP HAL MPC PSX stocks
Started a tiny new position in ARE at $100.00
Started a tiny new position in BIIB at $148.00
Started a tiny new position in COP at $96.00
Added a tiny bit of BAX at $29.00
Added a tiny bit of HAL at $27.00
Added a tiny bit of MPC at $135.00
Added a tiny bit of PSX at $113.00
#FallingKnife
SPX
Just going out a week now and see how things go.
Rolled SPX Dec 17 2024 6070.0 Put to Dec 27 2024 6065.0 Put @ even (28.00 total now)
Rolled SPX Dec 17 2024 6065.0 Puts to Dec 27 2024 6060.0 Puts @ 1.00 credit (26.50 total now)
Upside Warning canceled
#VIXindicator This UpW started AFTER the election week bump, so its first days were actually the next week’s pullback. But we then got the run from 5853 to all time high 3 cents short of 6100 on Dec 6th. Since then its been a choppy ride until today’s collapse. Downside Warning triggered if we close above 18.36 on $VIX.
DOW doubling downer
Today looks to be 10th straight down day. Worst since September 1974 when it went down 11 straight days.
TQQQ,
STO Dece. 27, $91 puts at 3.30
Post Fed Trades
Sold 1 SPY 12/30/2024 570/580 Bull Put Spread at $0.30 Credit
Sold 1 SPY 12/27/2024 574/584 Bull Put Spread at $0.36 Credit
Sold 1 SPY 12/20/2024 585/590 Bull Put Spread at $0.26 Credit
Sold 1 SPY 12/19/2024 583/592 Bull Put Spread at $0.16 Credit
#OptionLadder
Sold 1 DIA 12/20/2024 420/425 Bull Put Spread at $0.31 Credit
Sold VXX 12/20/2024 53/49 Bear Call Spreads at $0.19 Credit
Sold 1 VXX 12/27/2024 55/49 Bear Call Spread at $0.33 Credit
Rolled VXX 12/20/2024 44.0 Puts to VXX 12/27/2024 43.0 Puts at $0.06 Credit
SPY
Adding. Editing as more get filled.
Sold SPY Jan 17 2025 590.0 Put @ 4.00 (50 day)
Sold SPY Jan 24 2025 580.0 Put @ 3.25 (just above 100 day)
Sold SPY Jan 31 2025 575.0 Put @ 3.50 (100 day)
Sold SPY Feb 21 2025 550.0 Put @ 3.03 (200 day)
Sold SPY Feb 21 2025 540.0 Put @ 3.10 (just below 200 day)
Sold SPY Feb 21 2025 530.0 Put @ 3.00 (below 200 day)
Sold SPY Feb 21 2025 520.0 Put @ 3.10 (below 200 day)
VIX
Throwing another hedge out there since they’re cheap.
Bought to Open VIX Feb 19 2025 20/30 Bull Call Spreads @ .85 debit
SPX
Whiz trade for possible Feb sh*t show.
Feb monthly expiration
Sold 6300/6310 Bear Call Spreads
Bought 5800/5775 Bear Put Spreads
Net debit of .30
DJIA Index
A lot of talk abought the Dow’s 9 day losing streak. Here is why, under the covers:
SPX 0-dte trades for 12/18/24
#SPX0dte Sold to Open $SPX Dec 18th 5960/5980-6110/6130 condors for 1.35, IV 25.65%, deltas -.07 +.05
I liked the width and premium enough to sell this even though I’m not certain there will be a lot of decay before the FOMC press conference. Based on last time, there won’t be a huge reaction given everyone knows this will be another .25% cut.
SPX
Splitting these up. Staying more aggressive with the one that has higher LEAPS.
Rolled SPX Dec 17 2024 6070.0 Put to Dec 18 2024 6070.0 Put @ 9.00 credit (28.00 total now)
Rolled SPX Dec 17 2024 6070.0 Puts to Dec 18 2024 6065.0 Puts @ 6.00 credit (25.50 total now)
DOW downer
If the Dow finishes negative today it will be first 9-day losing streak since the 70’s.
SPX 0-dte trades for 12/17/24
#SPX0dte At the bell, sold to open $SPX 5990/6010-6095/6115 condors for .90, IV 14.86%, deltas -.10, +.02
Opposite of yesterday as far as delta skew. At 9:25 the deltas were -.06 +.05. What a difference the open makes.
SOXL SPCE
#shortputs
SOLD SOXL 20 DEC 24 25 PUT @.06
tIP SOLD SPCE 20 DEC 24 6 PUT @.13
SOLD SPCE 20 DEC 24 5.5 PUT @.04
#coveredcalls
tIP SOLD SPCE 20 DEC 24 7 CALL @.06
#everylittlebithelps
ADBE
Couldn’t resist. Selling at the expected move and near recent lows.
Sold ADBE Jan 17 2025 435.0 Put @ 4.20
AMZN Call
#syntheticcoveredcalls
$AMZN STO 12/20 242.50 call at .45
QQQ
Rolled short calls again; now out to 12/31/24 and up to $546 for $.15 credit
SPX
With VIX down here this is about all you can hope for in a one day roll. Wed gets a little better with JP coming out to say hello.
Rolled SPX Dec 16 2024 6070.0 Puts to Dec 17 2024 6070.0 Puts @ 6.00 credit (19.50 total now)
DVN MPC Stocks
Added a tiny bit of DVN at $32.78
Started a tiny position in MPC at $140.00
#FallingKnife
SNOW XLU
Quick summary.
Out of SNOW synthetic long and XLU synthetic short. Losses on both took about 30 percent of my BA gains but really simplifies everything. End of year house cleaning with ultimate goal of nothing but SPX, SPY, and VXX positions.
BA
Happily out after riding it all the way down and being aggressive on the way up.
Closed BA Dec 18 2026 175/175/100 Synthetic Stock @ 18.00 credit (basis 6.15 debit)
Bought to Close BA Jan 24 2025 165.0 Calls @ 14.20 (sold for 2.35)
Gain on synthetic and loss on call sales is a wash.
Money made here:
Bought to Close BA Dec 20 2024 160.0 Puts @ .17 (sold for 8.65)
Bought to Close BA Dec 20 2024 160.0 Puts @ .17 (sold for 10.80)
QQQ
Rolled 12/23/24 $543 short calls to 12/27 $544 for $.49 credit
CLF DVN NUE
#TinyPuts
Sold 1 CLF 12/20/2024 9.5 Put at $0.07
Sold 1 DVN 12/20/2024 31.5 Put at $0.07
Sold 1 NUE 12/20/2024 117.0 Put at $0.20
#EveryLittleBitHelps
WBA SOXL TOL Calls
Sold WBA 12/20/2024 12.0 Covered Calls at $0.04
Sold 1 SOXL 12/27/2024 40.0 Covered Call at $0.13
#EveryLittleBitHelps
Sold TOL 12/20/2024 155/145 Bear Call Spreads at $0.25
COP CVS LEG PSX Stocks
Started a tiny bit in COP at $100.00
Added a tiny bit of CVS at $48.00
Added a tiny bit of LEG at $10.95
Started a tiny position in PSX at $118.00
#FallingKnife
META GOOGL Call
#coveredcalls
$META STO 12/20 645 call at 1.75
$GOOGL STO 12/20 207.50 call at .50
QQQ
Rolled 12/18/24 $540 short calls to out Monday 12/23 and up to $543 for .28 credit
Aggressively rolling the short side of the LEAPS covered call position as I will be out of town Thur and Friday and unable to attend to the market. The long LEAPS are the core money maker in this position (as long as the market continues to rise). Theta credits are secondary.
SPX 0-dte trades for 12/16/24
#SPX0dte Sold to Open $SPX Dec 16th 6000/6020-6090/6110 condors for 1.05, IV 12.00%, deltas -.05 +.09
Filled at the open… pre market deltas lied to me… this was -.06 +.07 at 6 minutes before the open. Bumped up to 1.20 after my fill but then fell back to .80. These narrow ones are pretty sensitive. Upside stop is close, at 6073
Earnings 12/16 – 12/20
Options Bistro 