Closed out my tiny BBIB stock position at $151.01 and 152.01.
Bought at 137.98 and 148.00
Recent Updates Page 42
SPX 0-dte trades for 3/7/24
#SPX0dte Sold to Open $SPX Mar 7th 5565/5585-5860/5880 condors for 1.85, IV 55.52%, deltas -.06 +.06
Very wide condor after two days where the swings were dramatic but not breaching 6-delta stop points. I know more data and Powell/Trump speeches coming this afternoon. I will endeavor to close both sides before close.
February Jobs Report
#Jobs — Slightly less than expected; UE a bit higher
Gain of +151,000 non-farm payroll jobs, vs. expected gain of 170K
Unemployment up 0.1 to 4.1%
U6 unemployment 8.0%, up by 0.5%
Labor force participation down 0.2 to 62.4%
Average hourly earnings up by 0.3%, as expected; +4.0% Y/Y
December jobs revised up by +16K to +323K
January jobs revised down by +18K to +125K
SPY Expiration
1 SPY 03/06/2025 555/560 Bull Put Spread
SPY Puts
Sold 1 SPY Mar 10 2025 550/555 Bull Put Spread at $0.30 Credit
SPY
Can’t resist…a little more.
Sold SPY Apr 17 2025 510.0 Puts @ 2.80
And
Rolled up long 260s to 300s @ .06 debit (same expiration)
SPX 0-dte trades for 3/6/25
#SPX0dte Third day trying bearish #RiskReversal. 1st day was small win, 2nd was smaller loss. Looking for a medium size profit here, not waiting for ITM puts
Sold $SPX Mar 6th 5875/5895 calls, delta +.06
Bought SPX Mar 6th 5650/5630 puts, delta -.08
IV 48.71%
Net DEBIT -.20
SPY Expiration
1 SPY Mar 05 2025 558/563 Bull Put Spread
TSLA AI NVDA BUD Calls
#coveredcalls #syntheticcoveredcalls
$TSLA STO 3/7 300 call at 1.21
$AI STO 3/7 23.5 call at .24
$NVDA STO 3/7 125 call at .50
$BUD STO 3/7 63 call at .35
SOXL
SOLD SOXL 7 MAR 25 28 CALL @.03
TQQQ,
STO March 14, 60/90 strangle at .63
SPX
Maybe a little early on these but I’ll take ’em on the bounce.
Rolled SPX Mar 07 2025 5985.0 Put to Mar 14 2025 5975.0 Put @ 2.00 credit (62.10 total now)
Rolled SPX Mar 07 2025 6090.0 Put to Apr 17 2025 6085.0 Put @ 1.00 credit (27.85 total now)
COP MOS
Added a tiny bit of MOS at $23.00
Added a tiny bit of COP at $87.00
#SP500 #FallingKnife
SPX 0-dte trades for 3/5/25
#SPX0dte Another #RiskReversal for downside fun…
Sold to Open $SPX Mar 5 5890/5910 call spreads, delta +.07
Bought to open SPX Mar 5th 5640/5620 put spreads, delta -.06
IV 51.87%
Net CREDIT +.40
Won’t hold this for too long, looking for a move in first 30 minutes or I’ll bail.
RDDT
BTO RDDT 4/4/25 $165/$185 bull call spread @ $6.59 debit
SPY Expiration
1 SPY 03/04/2025 561/566 Bull Put Spread expiring
Sold 1 SPY 03/07/2025 555/560 Bull Put Spread at $0.48 Credit to replace it
#SPYLadder
AMZN adding a ladder rung
Sold to open Apr 17 170 put @ 1.20
Ladder is now:
Mar 21 205 put
Mar 28 200 put
Apr 4 190 put
Apr 17 195 put
Apr 17 170 put
HAL MSTX SOXL Puts
Sold 1 HAL 03/05/2025 23.5 Put at $0.16
Sold 1 MSTX 03/05/2025 11.0 Put at $0.15
Sold 1 SOXL 03/05/2025 15.0 Put at $0.15
#TinyPut
SPY
Last one. Plan was to sell the ladder as we drop all the way down to the 200 day. We fall below that then it’ll be manage what I’ve got or start taking stock.
Sold SPY Apr 17 2025 515.0 Put @ 3.25
QQQ Puts
STO 3/7/25 455 Puts @ $.50
joining Put selling party
SPX 0-dte trades for 3/4/25
#SPX0dte Entered a #RiskReversal for further downside.
Sold $SPX Mar 4th 5900/5920 call spreads. delta +.06
Bought SPX Mar 4th 5690/5670 put spreads. delta -.10
IV 48.97%
Net CREDIT +.30.
Not normal to get a credit when deltas favor the long side, but I will take it.
SPY Puts
Sold 1 SPY 03/06/2025 555/560 Bull Put Spread at $0.25 Credit
#SPYLadder
SPY
Adding.
Sold SPY Apr 17 2025 520.0 Put @ 3.25
SPY Expiration
SPY 03/03/2025 564/569 Bull Put Spread
UVXY call spreads
Sold to open $UVXY Apr 17 25/35 bear call spreads @ 1.20
AMZN
Adding.
Sold AMZN Apr 17 2025 185.0 Put @ 2.71
SPY
Adding.
Sold SPY Apr 17 2025 525.0 Put @ 3.25
Sold SPY Apr 17 2025 555.0 Put @ 5.05
VXX Calls
Sold 1 VXX 03/07/2025 60/52 Bear Call Spread at $0.30 Credit
Sold 1 VXX 03/07/2025 60/53 Bear Call Spread at $0.30 Credit
SPY Chart
AMD Call
#coveredcalls
$AMD STO 3/7 105 call at .90
QQQ Chart
VXX Calls
Sold VXX 03/07/2025 55/50 Bear Call Spreads at $0.31 Credit
Sold 1 VXX 03/07/2025 56/51 Bear Call Spread at $0.26 Credit
Sold 1 VXX 03/07/2025 57/52 Bear Call Spread at $0.26 Credit
EXC Stock
Sold the last of my tiny position in EXC at $44.46. Bought in Feb 2024 at $33.50
#FormerFallingKnife
Tiny Puts
Sold 1 AAP 03/07/2025 33.0 Put at $0.06
Sold APA 03/07/2025 19.5 Puts at $0.08 and $0.16
Sold 1 APA 03/07/2025 19.0 Put at $0.06
Sold 1 DOW 03/07/2025 36.0 Put at $0.08
Sold 1 DOW 03/07/2025 35.0 Put at $0.07
Sold 1 HAL 03/07/2025 25.0 Put at $0.09
Sold 1 MSTX 03/07/2025 12.0 Put at $0.10
Sold SOXL 03/07/2025 17.0 Puts at $0.09 and $0.11
Sold 1 SOXL 03/07/2025 16.0 Put at $0.06
Sold 1 SPCE 03/07/2025 3.5 Put at $0.06
#TinyPuts
BA Call
#coveredcalls
$BA STO 3/7 185 call at .50
SPX 0-dte trades for 3/3/25
#SPX0dte Sold to Open $SPX Mar 3rd 5845/5865-6040/6060 condors for 1.30, IV 30.13%, deltas -.06 +.05
Earnings 3/3 – 3/7
Econ Calendar 3/3 – 3/7
Some PMI and then Jobs Friday
OptionsExpiration
Partial list:
AAP 35 Put
AAP 35.5 Put
APA 20 Puts
CLF 12 Covered Call
DOW 37 Put
F 9.35 Put
KOLD 16 Put
MSTX 15 Puts
MSTX 16 Puts
SOXL 18.5 Put
#TinyPuts #CoveredCalls
AMD Puts rolled
Rolled 1 AMD 02/28/2025 90/100 Bull Put Spread to 1 AMD 03/07/2025 90/96 Bull Put Spread at $0.05 Credit
Took the short put out of the money and lowered the short strike 4 points
#KickTheCan
BUD NVDA AMD TSLA Calls
#coveredcalls #syntheticcoveredcalls
$BUD STO 2/28 61 call at .27
$NVDA STO 3/7 132 call at .95
$NVDA STO 2/28 125 call at .38
$NVDA STO 3/7 132 call at .97
$TSLA STO 2/28 297.5 call at 1.15
$TSLA STO 2/28 102 call at .45
$AMD STO 2/28 297.5 call at .1.15
SPY
Adding.
Sold SPY Apr 17 2025 530.0 Put @ 3.20
SPX
A few.
Rolled SPX Feb 28 2025 6000.0 Put to Mar 07 2025 5985.0 Put @ 2.00 credit (60.15 total now)
Rolled SPX Feb 28 2025 6075.0 Put to Mar 21 2025 6065.0 Put @ even (23.70 total now)
Rolled SPX Feb 28 2025 6080.0 Put to Mar 21 2025 6070.0 Put @ .50 credit (21.50 total now)
QQQ Leaps
STC QQQ 12/18/2026 430.00 CALLS @ $129.04 (BTO @ $119.20)
Yesterday on a trailing stop when underlying went below 510
NVDA Leap
Sold my last LEAP in NVDA. May reload someday
Sold to close 1 NVDA Sep 18 2026 60.0 Put at $3.60. Bought at $3.25
NVDA…
STO…NVDA 21 MAR 25 115 PUT @ $4.50….
#shortputs
All Red
Nice backsplash
SPY Expiration
1 SPY 02/27/2025 568/573 Bull Put Spread
SPY Ladder
Sold 1 SPY 03/04/2025 561/566 Bull Put Spread at $0.15 Credit
Sold 1 SPY 03/05/2025 558/563 Bull Put Spread at $0.16 Credit
#SPYLadder
TQQQ,
TQQQ is below the 200 day MA. Not a good sign. I am 100% cash.
SPY
Adding.
Sold SPY Apr 17 2025 535.0 Put @ 3.15
Sold SPY Apr 17 2025 545.0 Put @ 3.65
SPX
Filled right at the open.
Rolled SPX Feb 27 2025 6000.0 Put to Feb 28 2025 6000.0 Put @ 10.65 credit (58.15 total now)
Rolled SPX Feb 28 2025 6100.0 Put to Mar 07 2025 6090.0 Put @ 2.00 credit (26.90 total now)
APA DOW F Puts
Sold 1 APA 02/28/2025 20.0 Put at $0.07
Sold 1 DOW 02/28/2025 37.0 Put at $0.09
Sold 1 F 02/28/2025 9.35 Put at $0.04
#TinyPuts
MRK Calls rolled
Rolled 1 MRK 02/28/2025 93.0 Covered Call to next week at $0.36 Credit
Rolled 1 MRK 02/28/2025 96/93 Bear Call Spread to next weeks 97/94 Bear Call Spread at $0.23 Credit
DDOG OKLO TQQQ TTD Calls 1DTE
Sold 1 DDOG 02/28/2025 127/122 Bear Call Spread at $0.15 Credit
Sold 1 OKLO 48/43 02/28/2025 48/43 Bear Call Spread at $0.18 Credit
Sold 1 TQQQ 02/28/2025 87/83 Bear Call Spread at $0.38 Credit
Sold 1 TTD 02/28/2025 85/76 Bear Call Spread at $0.18 Credit
#EveryLittleBitHelps
SPY and VIX Expiration
1 VIX 02/26/2025 25/20 Bear Call Spread
1 SPY 02/26/2024 574/579 Bull Put Spread
VXX trades
Sold 1 VXX 02/28/2025 53/47.5 Bear Call Spread at $0.32 Credit
Sold 1 VXX 02/28/2025 42.0 Put at $0.14
Rolled 1 VXX 03/07/2025 42.0 Put to 1 VXX 03/14/2025 41.5 Put at $0.18 Credit
AAP TLT SPY
Sold 1 AAP 02/28/2025 35.0 Put at $0.10
#TinyPuts
Sold my tiny position in TLT at $92.01. Bought at $85.00 and never got a chance to add to it lower.
#FormerFallingKnife
Sold 1 SPY 03/03/20025 564/569 Bull Put Spread at $0.14 Credit
#SPYLadder
Earnings tomorrow
SPX 0-dte trades for 2/26/25
#SPX0dte Sold to Open $SPX Feb 26th 5870/5890-6030/6060 condors for 1.20, IV 27.17%, deltas -.06 +.06
Waited until 15 minutes after open to place trade. First day in 6 that we haven’t seen a sharp move occur before this time. It may be quieter today as traders await $NVDA earnings after the bell.
SPX 2
Rolling early in case the bounce doesn’t hold.
Rolled SPX Feb 26 2025 6000.0 Put to Feb 27 2025 6000.0 Put @ 14.50 credit (47.50 total now)
SPX (new!)
A new strategy! Had a long conversation with my brother last couple days talking about my SPX strategy. (@bikeeagle1 on here) He doesn’t trade options much but understands them very well. After explaining everything and doing a lot of “hangar flying” he came up with an alternate idea. Higher initial cost but much less if any downside risk.
Basically, it’s this. Where will the 200 day moving average be in about a year taking into account a continuation of the last couple years? The number we came up with was around 7000.
So…buy a 7000 strike put at that level. We originally looked at just a year out but decided for minimal extra cost to go out to 2029 to have some extra time just in case. Then, like my positions, sell daily against it.
This will result in quite a bit more out of pocket but, at least for now, zero risk to the downside. The goal with the daily selling is to be pretty aggressive and try to get the entire cost covered well before the market might get to 7000. With no downside risk selling daily in the money is a viable option depending on how aggressive you want to be.
I went ahead and threw one on in my real account to see how it plays out. I look at it as a nicer rental house in a nicer area with higher rents. LOL!
Bought to Open SPX Dec 21 2029 7000.0 Put @ 885.0
Sold SPX Feb 26 2025 6000.0 Put @ 33.00
AMZN SPY
Adding.
Sold AMZN Apr 17 2025 190.0 Put @ 2.50
Sold SPY Apr 17 2025 540.0 Put @ 3.45
SOXL Puts
Sold 1 SOXL 02/28/2025 17/20.5 Bull Put Spread at $0.13 Credit
Also sold 1 SOXL 02/28/2025 18.0 Put at $0.06
#TinyPuts
SPX 0-dte trades for 2/25/25
#SPX0dte Entered a risky risk-reversal on this last bounce.
Sold to Open $SPX Feb 25th 5980/6000 call spreads
Bought to Open Feb 25th 5890/5875 put spreads
Total CREDIT +.50.
After entering I went in the hole a dollar, but then the next drop started. Looking to hold the long puts for a big drop, preferably below 5900.
RDDT AMD ALGN
Sold 1 RDDT 02/28/2025 139/144 Bull Put Spread at $0.50 Credit
Sold RDDT 02/28/2025 180/185 Bear Call Spreads at $0.14 and $0.22 Credit
Sold 1 RDDT 02/28/2025 177/5/182.5 Bear Call Spread at $0.24 Credit
Sold 1 AMD 02/28/2025 95/100 Bull Put Spread at $0.34 Credit
Sold 1 ALGN 2/28/2025 170/175 Bull Put Spread at $0.42 Credit
SPY NUGT Puts – VXX Calls
Sold 1 SPY 02/27/2025 568/572 Bull Put Spread at $0.16 Credit
#SPYLadder
Sold 1 NUGT 02/28/2025 43/45.5 Bull Put Spread at $0.24 Credit
Sold VXX 02/28/2025 55/50 Bear Call Spreads at $0.30 and $0.39 Credit
MSTX Puts
Sold MSTX 02/28/2025 15.0 Puts at $0.15 and $0.25
Sold MSTX 02/28/2025 16.0 Puts at $0.25 and $0.35
Lots of stuff that used…
To continue the discussion from @jeffcp66 below.
Lots of stuff that used to work no longer works, and things that work now may not work in 6 months. If there is anything I have learned since starting serious trading in 2004 its that the market evolves and as traders we need to evolve with it. In fact, I am constantly tweaking the algo, my tactics, ratios, profit targets, and risk parameters. The algo is deadly accurate but with sudden changes in volatility it needs adjusting from time to time.
The 5 biggest things that have kept me profitable are:
1. Tactics = having multiple tactics on at once. Some make money when market going up, some down, and most make money when neutral
2. Position sizing = trade small trade often
3. Take as much money from the market as you can = premium selling
4. Controlling losses early and efficiently. I no longer hold onto losing trades for 1-2 years. Better to deploy the capital on something that works.
5. Keep margin to less than 50% then you never blow up an account again. That was learned the extra hard way in 2015 when /ES exploded and again in 2018 when SVXY imploded.
No offense to anyone here as we are all intelligent traders, but the advice I had on SVXY here and other places nearly bankrupted me. Never, ever trade unhedged volatility and I would also say that on the energy sector as well on any of the meme stocks or highly volatile tickers. And don’t get me started on Crypto. The only thing supporting crypto is the next person willing to pay more for it than you bought it. Kind of sounds like the early 2000s when people were paying top dollar for companies that never made a dime.
VIX indicator semi-retirement
#VIXindicator I created this in 2015 after having a bad day of losses. I wanted to find a warning that would fire at least a few days in advance to warn us to watch our step when playing the market neutrally. I used data from 2000 to 2015, and the signal did work pretty decently for about 4 years. But since the pandemic it has not been very helpful. It has lagged the market worse and worse each year and now seems to fire too late almost every time. I will keep the right-hand sidebar widget updated (this the “semi” before retirement) but won’t refer to it in the top widget or in separate posts. Feel free to ask any questions!
PLTR put spread
Sold $PLTR Apr 17 75/65 bull put spread @ 1.38
AMZN
Adding.
Sold AMZN Apr 17 2025 195.0 Put @ 2.51
Market,
I covered all the trades I put on Friday for a grand profit of $500 because I am not confident about what this administration is doing. Also, the IWM and MDY are trending down and moving below the 200 day MA. Not a good sign for the market.
SPX
Pre market roll. Guessing this is a weak bounce. (rally incoming! LOL)
Rolled SPX Feb 24 2025 6100.0 Puts to Feb 28 2025 6075.0 Puts @ 1.00 credit (20.95 total now)
NVDA Leap
On Friday, Sold 1 NVDA Sep 18 2026 65.0 LEAP Put at $3.40. Bought at $3.25.
Will look to re-load at about $2.90 if the stock bounces
