#optionsexpiration #coveredcalls #syntheticcoveredcalls
$RGTI 65 call
$NNE 61 call
$SMCI 62 call
$TSLA 452.50 call
$CIFR 23call
$BMNR 62 call
$SOXL 45 and 44 call
$BITX 59 call
$SMR 60 call
$META 750 call
$NVDA 200 call
$GOOGL 255 call
$AMZN 230 call
$MRVL 96 call
$MSFT 527.50 call
$PLTR 170 put
$CRWV 136 put
#assignment
$QBTS 39 put
Taking over half a month early.
Bought to Close SPY Nov 21 2025 605.0 Put @ 2.17 (sold for 4.95)
Bought to Close SPX Nov 21 2025 6100.0 Put @ 24.50 (sold for 51.00)
Using the morning “bounce” to roll to next Friday.
Rolled SPY Oct 20 2025 668.0 Puts to Oct 24 2025 665.0 Puts @ .75 credit (4.15 total now)
Using the morning “bounce” to roll everything to next Friday. A few weeks or longer of rolling down isn’t a bad thing. LEAPS aren’t losing and still bringing in credit and resetting short puts lower. This strategy can handle a little backwardation but the rolls get tougher if backwardation steepens to levels it was at back in April.
And…..2029 is a long way off! LOL
Rolled SPX Oct 17 2025 6715.0 Puts to Oct 24 2025 6675.0 Puts @ 3.00 credit (27.70 total now)
Rolled SPX Oct 20 2025 6700.0 Puts to Oct 24 2025 6675.0 Puts @ 10.00 credit (36.20 total now)
#kickthecan
#rolling
SOLD VERT ROLL AMZN from 17 OCT 2025/to 31 OCT 2025/ 215/210/215/210 PUT @.60
SOLD VERT ROLL META from 17 OCT 2025/to 31 OCT 2025/ 710/705/710/705 PUT @.57
BTO Jan 26 (AM) 6000 / Oct-22 6500 Put Diagonal @58.65
The long strike is around 200 dMA, while the short is under the 50 dMA. +10 delta.
I have a bearish bias longer term, but in short term I’d like, in a few rolls, to recover the debt, and hopefully move the short strike down to reduce the margin requirement. If the short strike is threatened, will roll it out and down.
Haven’t posted here for a few months. Hope everyone is doing well trading and else.
BTW, I am still in that short daily strangle trade on SPX, somewhat a wild ride after entering it since March.
Going out to Nov and selling the 200 day.
Sold SPX Nov 21 2025 6100.0 Put @ 51.00
Starter at the 200 day (again):
Sold SPY Nov 21 2025 605.0 Put @ 4.95
Exceeded Tuesday’s high by more than 3.00… is this crashout Thursday?
#SPX0dte Another day, another EM breach. Got some profit on a long put spread, bought for .35 at the open, legged out for 1.875.
Rolled SPY Oct 17 2025 669.0 Puts to Oct 20 2025 668.0 Puts @ .40 credit (3.40 total now)
A few adjustments.
Rolling half:
Rolled SPX Oct 17 2025 6715.0 Puts to Oct 20 2025 6700.0 Puts @ 1.50 credit (26.20 total now)
And:
Rolled SPX Oct 17 2025 6750.0 Put to Oct 24 2025 6725.0 Put @ 11.00 credit (123.45 total now)
#earlyclose
#releasecapital
BTC VERTICAL GOOG 17 OCT 2025 240/235 PUT @.05
as is SPY and GLD (big time)
What could possibly go wrong!
#rolling
SOLD VERT ROLL ETHU, from 17 OCT 25/to 21 NOV 2025/ 95/90/95/90 PUT @1.45
Today is the 11th day out of 13 with an EM breach of the 6-delta condor. I am trying cheap long spreads, puts and calls. Yesterday had a small win on the call side which broke me even. Will happen again today if we go higher. Certainly need to continue my moratorium on short spreads.
Taking these on the bounce.
Bought to Close SPX Oct 17 2025 6350.0 Put @ 1.50 (sold for 11.00)
Bought to Close SPY Nov 21 2025 605.0 Put @ 2.53 (sold for 4.27)
Sold SPX Oct 17 2025 6350.0 Put @ 11.00
Sold SPY Nov 21 2025 605.0 Put @ 4.27
I’ll take it. Baby TACO.
Bought to Close SPY Nov 21 2025 600.0 Put @ 2.39 (sold yesterday for 4.35)
Yummy!
Bought to Close SPX Oct 13 2025 6600.0 Put @ .60 (sold for 34.10)
Out and down to Friday.
Rolled SPX Oct 13 2025 6725.0 Puts to Oct 17 2025 6715.0 Puts @ 2.00 credit (23.50 total now)
Rolled SPX Oct 13 2025 6730.0 Puts to Oct 17 2025 6715.0 Puts @ 1.00 credit (25.20 total now)
#shortputs
$PLTR STO 10/17/2025 170.00 P @ $2.28
#optionsexpiration #syntheticcoveredcalls #coveredcalls
$AMZN 232.5 call
$MSFT 540 call
$COIN 15 call
$MRVL 95 call
$RIOT 24 call
$GOOGL 260 call
$PLTR 190 call
$TSLA 470 call
$BMNR 70 call
$SMCI 56 call
$NNE 65 call
#calledaway
$SRPT 21.5 call called away
AS sometimes happens selling the position instead of these calls would have been prescient.
Have a nice weekend.
Also filled before the drop.
Rolled SPY Oct 10 2025 670.0 Puts to Oct 13 2025 670.0 Puts @ .90 credit (2.40 total now)
And a starter at the 200 day after the drop:
Sold SPY Nov 21 2025 600.0 Put @ 4.35
Things are getting ugly. 😦
Driving most of the day. These were filled with standing orders prior to the drop. Same fills as yesterday:
Rolled SPX Oct 10 2025 6725.0 Puts to Oct 13 2025 6725.0 Puts @ 8.00 credit (21.50 total now)
Rolled SPX Oct 10 2025 6730.0 Puts to Oct 13 2025 6730.0 Puts @ 9.00 credit (24.20 total now)
Pulled over and added this one first chance I got:
Sold SPX Oct 13 2025 6600.0 Put @ 34.10
And finally…leaving the lid on with this one:
Rolled SPX Oct 10 2025 6750.0 Put to Oct 17 2025 6750.0 Put @ 3.00 credit (112.45 total now)
#SPX0dte Sold to Open $SPX Oct 10th 6660/6680-6780/6800 condors for 1.05, IV 16.78%, deltas -.07 +.06
Straight rolls. Love it. Standing orders filled on these:
Rolled SPX Oct 09 2025 6725.0 Puts to Oct 10 2025 6725.0 Puts @ 8.00 credit (13.50 total now)
Rolled SPX Oct 09 2025 6730.0 Puts to Oct 10 2025 6730.0 Puts @ 9.00 credit (15.20 total now)
Had to chase this to get a fill just before the close:
Rolled SPX Oct 09 2025 6750.0 Put to Oct 10 2025 6750.0 Put @ 4.00 credit (109.45 total now)
#SPX0dte Sold to Open $SPX Oct 9th 6700/6730-6735/6760 condors for 10.60, IV 14.04%. Gotta try something.
Day 6 out of the last 7 with an EM breach for 6-delta condor… this time, like yesterday, not much more than a touch before retracing. No trades yet today.
#closeearly
#releasingmargin
BTC BE 17 OCT 2025 55/50 PUT @.05
Still messing around with a few of these. Same setup as SPX.
Bought to Close SPY Oct 08 2025 670.0 Puts @ .02 (sold for 7.10)
Sold SPY Oct 09 2025 670.0 Puts @ .60
I was going to keep tracking these as rolls until the end of the shutdown but….out on the road and just now got a chance to get today’s done. We’ll go ahead and book a few and reset.
Bought to Close SPX Oct 08 2025 6720.0 Puts @ .10 (sold for 41.70)
Bought to Close SPX Oct 08 2025 6725.0 Puts @ .10 (sold for 42.10)
One roll:
Rolled SPX Oct 08 2025 6750.0 Put to Oct 09 2025 6750.0 Put @ 10.00 credit (105.45 total now)
And:
Sold SPX Oct 09 2025 6725.0 Puts @ 5.50
Sold SPX Oct 09 2025 6730.0 Puts @ 6.20
#SPX0dte Sold to Open $SPX Oct 8th 6645/6665-6765/6785 condors for 1.10, IV 16.50%, deltas -.07 +.06
The overnight was mellow so the long trade from yesterday isn’t working, so I’ll either keep it for some protection on upside or close for breakeven or small loss.
#SPX0dte Bought to Open $SPX Oct 8th 6775/6795 call spreads for .35. This same spread for Oct 7th was running about .45 before market and peaked at about 1.60 at the open. Since the market is so swingy any up move overnight should work.
Some light maintenance on the rental houses.
Rolled Jan 2029 6500 long puts up to Jan 2029 6600 long puts
Rolled Jan 2029 6500/6900 BeCS to Jan 2029 6600/7000 BeCS
Net debit for the whole thing: 30.50 per house
Early rolls. Out the rest of the day.
Rolled SPX Oct 07 2025 6715.0 Puts to Oct 08 2025 6720.0 Puts @ 5.00 credit (41.70 total now)
Rolled SPX Oct 07 2025 6715.0 Puts to Oct 08 2025 6725.0 Puts @ 5.40 credit (42.10 total now)
Rolled SPX Oct 07 2025 6750.0 Put to Oct 08 2025 6750.0 Put @ 6.25 credit (95.55 total now)
#exitearly
BTC DELL 17 OCT 2025 125/120 PUT @.05
#SPX0dte I’m back from 6-day hiatus and looking at futures shooting to all-time highs (25-point move in last 4 hours); there just is not a safe 0-dte selling opportunity. I’ll watch to see if anything develops.
I wouldn’t mind some sideways to down for awhile.
Rolled SPX Oct 06 2025 6700.0 Puts to Oct 07 2025 6715.0 Puts @ 6.50 credit (36.70 total now)
Rolled SPX Oct 06 2025 6750.0 Put to Oct 07 2025 6750.0 Put @ 6.00 credit (89.30 total now)
For example, ETF Database lists more than 260 single stock exchange-traded funds (“ETFs”), most of them leveraged. ETF issuer Direxion alone offers 118 leveraged and inverse ETFs, many on single stocks. Forty of those funds apply three times leverage. There are even a few 4X ETFs for the most swashbuckling riverboat gamblers in the market.
Bloomberg recently reported that there are currently more than 4,300 ETFs, eclipsing the number of listed U.S. companies at roughly 4,200. ETF issuers have launched 640 new funds so far this year. There are about 16,000 ETFs, closed-end funds, and mutual funds in existence today.
There are way too many cryptocurrencies, too. According to CoinMarketCap, there are more than 22 million different crypto tokens of various types. The site actively tracks more than 39,000 tokens trading on 853 exchanges. The total market cap of all cryptos today is more than $4 trillion.
#coveredcalls #optionsexpiration #Aggravated
$NVDA 192.5
$TNA 46.5
$CRWV 146
$MRVL 87
$PLTR 190
$TSLA 485
Called away
$SMCI 50
I wouldn’t mind some sideways to down for awhile.
Rolled SPX Oct 03 2025 6675.0 Puts to Oct 06 2025 6700.0 Puts @ 5.50 credit (30.20 total now)
Rolled SPX Oct 03 2025 6730.0 Put to Oct 06 2025 6750.0 Put @ 16.75 credit (83.30 total now)
Yesterday:
Sold 1 OXY 10/03/2025 43.5 Put at $0.06
Sold 1 BMY 10/03/2025 44.0 Put at $0.09
Today:
Sold out of my tiny positions in PFE at $27.50 and $27.66
Sold out of my tiny positions in ARE at $85.01 (after capturing the last dividend)
Sold 1 TZA 10/10/2025 7.5 Put at $0.14
Sold 1 KVUE 10/10/2025 15.5 Put at $0.19
This is probably the first full week I’ve taken off from trading in 10 years. After a quiet Monday and Tuesday, the EM on 6-delta condors was hit Wed-Fri. This seems to be the 2025 norm, whereas the 2023-2024 norm was maybe twice in 2 weeks.
I tested the 6-delta all week and had I stopped out quickly when EM hit I would have been breakeven. However, since upside EM hits are common during Upside Warning, it also seems pullbacks are common on its way up. I think by waiting for pullbacks it would eke out a profit on a week like this.
Downside, however, is different. Premium is much higher on downside EM hit, and the drop can continue in earnest. Frustrating part is, that it almost always will bounce and end the day safely. But the one day it doesn’t can be a very large loss. So I have to consider how to manage downside EM breaks. That happened on Thursday this week and it was a 2.10 payout to close when it hit, but then went much deeper…. but eventually bounced and actually ended the day with new all-time closing high.
I also tested a cheap 60-cent LONG condor… 30-cent spreads on each side, then close the winning side at or above 1.20. Obvious losses on Monday and Tuesday but wins the other three days. Total profit for the week: 95 cents. Possible solution until the market returns to less swingy status. I think days like Monday and Tuesday, after a couple hours of consolidation, can be good for some tight condors.
#earlyclose
#freeingupcash
BTC HOOD 17 OCT 2025 100/90 PUT @.05
Due to government shutdown
(in case someone hasn’t already mentioned it)
STO October 17, 110 puts at 6.40
I just had to get back in.
Rolling on the dip. Collapsing the ladder for simplicity. Will continue tracking everything as rolls until the gubment shutdown ends.
Rolled SPX Oct 02 2025 6630.0 Puts to Oct 03 2025 6675.0 Puts @ 5.55 credit (23.10 total now)
Rolled SPX Oct 02 2025 6640.0 Put to Oct 03 2025 6675.0 Put @ 6.25 credit (32.25 total now)
Rolled SPX Oct 02 2025 6650.0 Put to Oct 03 2025 6675.0 Put @ 5.50 credit (26.50 total now)
Rolled SPX Oct 02 2025 6725.0 Put to Oct 03 2025 6730.0 Put @ 9.25 credit (66.55 total now)
1 GLD 10/01/2025 360/359 Bear Call Spread
Rolling….
Rolled SPX Oct 01 2025 6600.0 Put to Oct 02 2025 6630.0 Put @ 7.00 credit (12.50 total now)
Rolled SPX Oct 01 2025 6625.0 Puts to Oct 02 2025 6630.0 Puts @ 7.00 credit (21.00 total now)
Rolled SPX Oct 01 2025 6625.0 Put to Oct 02 2025 6650.0 Put @ 12.00 credit (25.15 total now)
Rolled SPX Oct 01 2025 6630.0 Put to Oct 02 2025 6650.0 Put @ 5.00 credit (21.00 total now)
Rolled SPX Oct 01 2025 6640.0 Put to Oct 02 2025 6640.0 Put @ 7.00 credit (26.00 total now)
Rolled SPX Oct 01 2025 6650.0 Put to Oct 02 2025 6650.0 Put @ 7.50 credit (29.50 total now)
And to put a cap on the stupidity:
Rolled SPX Oct 01 2025 6650.0 Put to Oct 02 2025 6725.0 Put @ 35.00 credit (57.00 total now)
And:
Sold SPX Oct 02 2025 6630.0 Put @ 8.00
#btc
Was/not/gonna/be/home
BTC SPY 30 SEP 2025 661 PUT @.05
Keeping the strike prices close together to lower the risk
Sold 1 PSKY 10/03/2025 22/20.5 Bear Call Spread at $0.20 Credit
Sold 1 PSKY 10/03/2025 22.5/21 Bear Call Spread at $0.14 Credit
Sold 1 GLD 10/03/2025 362/361 Bear Call Spread at $0.15 Credit
Sold 1 GLD 10/01/2025 360/359 Bear Call Spread at $.015 Credit #1DTE
Sold 1 FI 10/03/2025 124/125 Bull Put Spread at $0.17 Credit
Sold 1 CL 10/03/2025 77/78 Bull Put Spread at $0.15 Credit
#EveryLittleBitHelps
I’ll take a 30 day shutdown!
Rolled SPY Sep 30 2025 664.0 Puts to Oct 01 2025 664.0 Puts @ .75 credit (4.00 total now)
Rolling everything to tomorrow at the same strikes.
Rolled SPX Sep 30 2025 6625.0 Puts to Oct 01 2025 6625.0 Puts @ 7.00 credit (14.00 total now)
Rolled SPX Sep 30 2025 6630.0 Puts to Oct 01 2025 6630.0 Put @ 8.00 credit (16.00 total now)
Rolled SPX Sep 30 2025 6640.0 Put to Oct 01 2025 6640.0 Put @ 8.80 credit (19.00 total now)
Rolled SPX Sep 30 2025 6650.0 Puts to Oct 01 2025 6650.0 Puts @ 9.00 credit (22.00 total now)
And
Sold SPX Oct 01 2025 6600.0 Put @ 5.50
#spx0dte
$SPX STO 9/30 6620/6640 BUPS at 3.75
Some light maintenance on the rental houses. Amazing with the wide spreads I was filled at the exact same total as last roll on these.
Rolled Jan 2029 6400 long puts up to Jan 2029 6500 long puts
Rolled Jan 2029 6400/6800 BeCS to Jan 2029 6500/6900 BeCS
Net debit for the whole thing: 30.40 per house
Forgot to post this one.
Rolled SPY Sep 29 2025 664.0 Puts to Sep 30 2025 664.0 Puts @ 1.00 credit (3.25 total now)
Booking these as closing orders. I’ll start tracking new rolls until the end of the gubment shutdown just for fun. The extra volatility should help premiums.
One account: (leaving a few uncovered for a possible pullback)
Bought to Close SPX Sep 29 2025 6640.0 Puts @ .25 (sold for 21.75)
Bought to Close SPX Sep 29 2025 6650.0 Puts @ .95 (sold for 15.25)
Sold SPX Sep 30 2025 6625.0 Puts @ 6.50 and 8.50
Sold SPX Sep 30 2025 6630.0 Put @ 8.00
Sold SPX Sep 30 2025 6640.0 Put @ 10.20
Sold SPX Sep 30 2025 6650.0 Put @ 13.00
Another account:
Bought to Close SPX Sep 29 2025 6650.0 Puts @ 1.00 (sold for 25.55)
Sold SPX Sep 30 2025 6625.0 Put @ 6.15
Sold SPX Sep 30 2025 6650.0 Put @ 13.00
I unwound all my positions this morning because I think we are going to have a government shut down and they will not release any data.
#shortputs
SOLD SPY 30 SEP 2025 661 PUT @1.15
#selfassignment
SOXL 25.5 CALL
Rolls got to be weak/sooooo I let it go and put cash back in my pocket.
I would have made more but at 3:30 Tasty trade took it upon themselves to close out the short side of spreads that were about to expire:
Bought 1 UPS 82 Put at $0.01 – Low for the day 82.64
Bought 2 KMB 121 Puts at $0.02 – low for the day 121.48
Bought 1 TZA 8 Put at $0.01 – low for the day 8.23
Bought 2 GEV 585 Puts at $0.05 – low for the day 598.11
Bought 2 GEZV 575 Puts at $0.05 – low for the day 598.11
With Commissons/fees, that cost me $27.00 in additional profit
These were never in the money
Expired:
OKLO 85/90 Bull Put Spread
SOXL 35 Diagonal Call
PSKY 22.5/20 Bear Call Spread
PSKY 23/21 Bear Call Spread
BOIL 22.5 Put
BOIL 23.0 Put
CAG 18.0 Put
CMCSA 30.5 Put
CMG 37.0 Put
DOW 21.5 Put
HAL 21.0 Put
KVUE 16.0 Put
KVUE 14.0 Put
KVUE 13.0 Put
TTD 39.0 Put
TZA 7.5 Put
SPCE 4.5 Covered Calls
TZA 10.0 Covered Calls
Assignments:
1 KVUE 17.0 Put
1 HAL 24.0 Covered Call – vs stock acquired via put assignment on Apr 04 at $23.44
Nice bounce and volatility collapse so taking a quick 5.5 points.
Bought to Close SPY Oct 17 2025 635.0 Put @ 1.90 (sold for 3.55)
Bought to Close SPY Oct 17 2025 640.0 Put @ 2.37 (sold for 3.50)
Bought to Close SPY Oct 17 2025 645.0 Put @ 2.99 (sold for 4.06)
Bought to Close SPY Nov 21 2025 625.0 Put @ 4.90 (sold for 6.50)
Rolled SPY Sep 26 2025 664.0 Puts to Sep 29 2025 664.0 Puts @ .45 credit (2.30 total now*)
*Estimated. Haven’t done the math from yesterday yet. Had my hands full. 🙂 🙂
Rolling on the opening bounce.
Rolled SPX Sep 26 2025 6650.0 Puts to Sep 29 2025 6650.0 Puts @ 7.00 credit (25.60 total now)
Rolled SPX Sep 26 2025 6650.0 Puts to Sep 29 2025 6640.0 Puts @ 3.00 credit (21.60 total now)
And:
Bought to Close SPX Sep 26 2025 6600.0 Put @ 2.80 (sold for 11.00)
Options Bistro 