Recent Updates Page 44
OptionsExpiration
Not as many fireworks this week:
Expired:
#Tiny99%Puts
1 AAP 50 Put
1 ALB 67 Put
1 CMCSA 37 Put
1 CSCO 39 Put
1 INTC 18 Put
1 PFE 27 Put
1 SOXL 27 Put
1 TPR 32 Put
1 VFC 15.5 Put
1 WBA 10 Put
#EveryLittleBitHelps
1 BOIL 12 Covered Call
1 FCX 46 Covered Call
1 SOXL 24/29 Bull Put Spread
1 VXX 45 Diagonal Put
1 VXX 105/74 Bear Call Spread
1 VXX 100/72 Bear Call Spread
1 VXX 89/57 Bear Call Spread
1 VXX 82/72 Bear Call Spread
1 VXX 80/50 Bear Call Spread
1 VFC 21/18 Bear Call Spread
1 INTC 16/19 Bull Put Spread
SPY 500/538 Bull Put Spread
PLTR Put
$PLTRSTO 8/23 32 put at .77
SOXL
#shortputs
STO SOXL 23 AUG 2024 39 PUT @1.84
#assignment
soxl 19 call 8.16.2024 could not roll for credit
VXX Put Rolled down
Rolled down 1 VXX 08/16/2024 45.5 Diagonal Put to 1 VXX 08/23/2024 43.0 Put at $0.16 Credit
SBUX Call Assigned way early
Back on August 8th I sold 1 SBUX Sep 06 2024 81.0 Covered Call at $0.52 with the stock around 74.75
After the giant move higher on 08/13 and to get the dividend, someone exercised it.
At least I got most of my cash back.
SPY Long Calls rolled out
Sold today’s SPY 555.0 Long Calls at $0.44, 0.45 and $ 0.46 before they expire worthless.
Buying more time as I roll some short ITM Calls paired against these.
Bought 1 SPY 08/19/2024 560 Call at $0.14
Bought 1 SPY 08/20/2024 560. Call at $0.26
Bought 1 SPY 08/21/2024 560.0 Call at $0.42
VXX Puts closed
Bought 1 VXX 08/16/2024 44.0 Diagonal Put at $0.01
Bought 1 VXX 08/16/2024 44.5 Diagonal Put at $0.01
TLT
Covered calls rolled out a few more days for more “divvys”. First time in a Wed expiration.
Rolled TLT Aug 16 2024 97.0 Calls to Aug 21 2024 97.0 Calls @ .28 credit (.71 total now)
BA SNOW
Sold against synthetic stock. Small positions. SNOW was rolled into earnings week.
Rolled BA Aug 16 2024 170.0 Calls to Sep 20 2024 175.0 Calls @ .75 credit (3.55 total now)
Rolled SNOW Aug 16 2024 120.0 Calls to Aug 23 2024 128.0 Calls @ .10 credit (3.60 total now)
BTO, a starter position, Sept….
TQQQ, BTO, a starter position, Sept. 20, 65 calls at 6.35
SPX 0-dte 8/16/24
#SPX0dte Just after the open, Sold to Open $SPX Aug 16th 5435/5455-5585/5605 condors for 1.15, deltas -.06 +.06, IV 25.99%
SOXL SGOV BIL YMAG YQQQ CRSH MSTX
#shortputs
BOT to close SOXL 16 AUG 2024 34 PUT @.05 sold for $12.97
———
#smallbuy
#dividends
BOT SGOV @100.51
BOT BIL @91.605
BOT YMAG @18.89
BOT YQQQ @19.68
BOT CRSH @15.15
BOT MSTX @21.94
NVDA SPY
These were yesterday….a day too soon. LOL Recovering from my trip so not doing too much.
Bought to Close NVDA AUG 16 2024 100.0 Put @ .09 (sold for 2.40)
Bought to Close NVDA AUG 16 2024 110.0 Put @ .78 (sold for 2.50)
Bought to Close NVDA AUG 16 2024 115.0 Puts @ 2.47 (sold for 2.60)
Bought to Close SPY SEP 20 2024 490.0 Put @ 1.38 (sold for 3.30)
Bought to Close SPY SEP 20 2024 505.0 Put @ 2.27 (sold for 3.30)
VKTX Put Roll
$VKTX BTC 8/16 55 put and STO 8/23 55 put at added credit of 1.08. Total credit so far 3.33
VIX
Fastest decline ever
SPY Expiration
1 SPY 515/527 Bull Put Spread
1 SPY 543 Diagonal Put.
I had to roll all my calls for today up and out
TQQQ,
STO September 6, $60 puts at 1.15
NVDA Puts
$NVDA BTC 8/16 110 put at .10. STO at 3.40. Thank you @fuzzballl
SPX 0-dte 8/15/24
#SPX0dte Sold to Open $SPX Aug 15th 5495/5525-5530/5560 condors for 12.30, IV 19.02%
What a sea change across the week. Less than 2 hours after open and the ATM condor only around 12 bucks. Last Friday this didn’t happen until 45 minutes before close.
TQQQ
Sold 1 TQQQ 08/23/2024 80/71 Bear Call Spread at $0.54 Credit
SPY Expiration
1 SPY 515/531 Bull Put Spread
1 SPY 535.0 Diagonal Put
1 SPY 550/547 Bear Call Spread
VXX Puts
I have so many Bear Call spreads for this week and next that this didn’t seem like a big risk.
Bought 1 VXX 08/23/2024 40.0 Put at $0.02 and sold 1 VXX 08/16/2024 45.5 Put at $0.17 for a $0.15 Diagonal Credit.
#EveryLittleBitHelps
SPY Calls and Puts
After a calm opening:
Sold 1 SPY 08/14/2024 547.00 Call at $0.24
Sold 1 SPY 08/14/2024 535.00 Put at $0.27
#EveryLittleBitHelps
TQQQ Calls
Bought 1 TQQQ 09/06/2024 80.0 Call / Sold 1 TQQQ 08/30/2024 71.0 Call for a $0.82 Diagonal Credit
Also, I’m still long 1oo shares of the stock, put to me at $71.00
SPX 0-dte trades for 8/14/24
#SPX0dte Sold to Open $SPX Aug 14th 5345/5365-5510/5530 condors for 1.30, deltas -.08 +.05, IV 29.51%
Bullish leaning.
Upside Warning in effect
#VIXindicator Expect higher levels in the market over the coming days or weeks.
CRWD BUPS Close
$CRWD BTC 8/16 210/225 BUPS at .15. STO at 1.35. Thank you @ramie77 for the trade
SPY Expiration
1 SPY 485/531 Bull Put Spread
1 SPY 505/532 Bull Put Spread
Rolled my SPY 545/541 Bear Call Spread to a new diagonal for a $1.19 Credit
Bought 1 SPY 08/21/2024 555 Call and Sold 1 SPY 08/20/2024 547 Call
At least the Puts worked 🙂
SPY
Bought 1 SPY 08/14/2024 551.0 Call / Sold 1 SPY 08/13/2024 541.0 Call for a $0.24 Diagonal Credit.
Bought 1 SPY 08/14/2024 515.0 Put / Sold 1 SPY 08/13/2024 531.0 Put for a $0.24 Diagonal Credit.
#EveryLittleBitHelps
VXX Long term Puts
Bought 1 VXX Jan 17 2025 24.0 Put at $0.20
#VXXContango
SBUX
Slowing selling off excess SBUX
Sold tiny bits at 91.16, 91.96, 92.01, 92.10, 93.52, 94.01, 94.11, 94.25, 94.45, 94.66 and 94.88
#FormerFallingKnife
SPX 0-dte trades for 8/13/24
#SPX0dte Sold to Open $SPX Aug 13th 5265/5285-5420/5440 condors for 1.20, IV 28.26%, deltas -.07 +.05
SPY Expiration
1 SPY 545/538 Bear Call Spread
1 SPY 545/539 Bear Call Spread
SPY for tomorrow
Bought 1 SPY 08/14/2024 550.0 Call / Sold 1 SPY 08/13/2024 540.0 Call for a $0.18 Diagonal Credit.
#EveryLittleBitHelps
Also rolled 1 short SPY 08/12/2024 535.00 Put to 1 SPY 08/13/2024 532.00 Put at $0.07 Credit
SPY Calls
Bought 1 SPY 08/13/2024 545.0 Call / Sold 1 SPY 08/12/2024 539.0 Call for a $0.13 Diagonal Credit.
#EveryLittleBitHelps
VXX Calls
Sold 1 VXX 08/16/2024 72.0 Call at $0.43.
Then added:
Sold 1 VXX 08/16/2024 74.0 Call at $0.52
Both are re-writes against leftover long calls from last week’s diagonal spreads
#DoubleDip
SPX 0-dte trades for 8/12/24
#SPX0dte Sold to Open $SPX Aug 12th 5255/5275-5415/5435 condors for 1.15, deltas -.06 +.05, IV 26.88%
Earnings 8/12 – 8/16
(Previous post was in error and was deleted)
Highlights: WMT, BABA, HD, DE, AMAT
Economic Calendar 8/12 – 8/16
CPI on Wednesday and Retail Sales on Thursday
Downside Warning canceled*
#VIXindicator This cancelation comes with an asterisk*…. the Fib retracement of recent $VIX low and high was abnormally high (22.42) due to Monday’s extreme VIX high over 65. Based on past performance, I still believe this signal is likely to work, but perhaps just less likely than normal. The recovery after Monday was remarkable, so Monday was probably just a temper tantrum and we will now resume the steady tick higher.
OptionsExpiration
A couple of mid week early assignments on spread positions had me scrambling to raise some cash.
Had to close some positions early
Here’s what I had left
EXPIRED:
AAL 9 Put
ALB 73 Put
BOIL 6.5 Put
EQT 28 Put
HAL 29.5 Put
HAL 29 Put
INTC 18 Put
MOS 23.5 Put
OXY 52 Put
PARA 10 Put
SOXL 19 Put
WYNN 65 Put
ALB 70/73 Bull Put Spread
BOIL 11 Covered Call
BOIL 11.5 Covered Call
CLF 17.5 Covered Calls
COP 99/105 Bull Put Spread
INTC 19 Diagonal Put
SOXL 25/30/35/40 Iron Condor
SOXL 54 Covered Call
SPY 515/5190 Bull Put Spread
SPY 515/521 Bull Put Spread
SPY 525 Diagonal Put
SPY 541/537 Bear Call Spread
SPY 541/535 Bear Call Spread
UPS 120/123 Bull Put Spread
UPS 121/124 Bull Put Spread
UPS 121/125 Bull Put Spread
VFC 19/17.5 Bear Call Spread
VXX 47.5/51 Bull Put Spread
VXX 72 Diagonal Call
VXX 75 Diagonal Call
VXX 80 Diagonal Call
ASSIGNMENTS:
VFC 15.0 Covered Call
INTC 28 and 29 Puts (on Thurs and sold the stock for a loss)
SOXL 49 and 50 Puts (on Thurs – Writing covered Calls)
New VXX Calls
Sold 1 VXX 08/16/2024 82/72 Bear Call Spread at $0.53 Credit
The spike high after the temper tantrum on Monday of VXX was $71.80 on 08/07
VXX Call Rollout
Rolled 1 VXX 08/19/2024 90/56 Bear Call Spread out to 1 VXX 08/16/2024 89/57 Bear Call Spread at $0.21 Credit
My VXX short 72 and 80 Calls should expire
SPY Trades
Sold 1 SPY 08/09/2024 519.0 Put at $0.31
Bought 1 SPY 08/12/2024 500.0 Put / Sold 1 SPY 08/09/2024 521.0 Put for a $0.31 Diagonal Credit
Bought 1 SPY 08/12/2024 545.0 Call / Sold 1 SPY 08/09/2024 537.0 Call for a $0.24 Diagonal Credit
SPX 0-dte trades 8/9/24
#SPX0dte Sold to Open $SPX Aug 9th 5190/5170 put spreads for 1.00, delta -.07, IV 43.78%
After three straight days of being stopped on call side I’m going to try to leg in today, and since we are down a bit now starting with put side. Of course, this likely means today will NOT see a spike higher.
SPY Expiration
1 SPY 08/28/2024 500/519 Bull Put Spread
1 SPY 08/08/2024 516/519 Bull Put Spread
1 SPY 08/08/2024 518/520 Bull Put Spread
1 SPY 08/08/2024 520.0 Diagonal Put
1 SPY 08/08/2024 532.0 Diagonal Call
1 SPY 08/08/2024 533.0 Diagonal Call
SPY Calls
Bought 1 SPY 08/09/2024 541.00 Call / Sold 1 SPY 08/08/2024 532.00 Call for a $0.40 Diagonal Credit
Bought 1 SPY 08/09/2024 541.00 Call / Sold 1 SPY 08/08/2024 533.00 Call for a $0.20 Diagonal Credit
VXX Long term Puts
Bought VXX Jan 17 2025 23.0 Puts at $0.15
#VXXContango
TLT
Selling the week before the Fed meeting then maybe be able to do it again during FED week with the elevated IV. I’ll do the same thing with a bunch of covered calls if my current ones expire next week.
Sold TLT Sep 13 2024 93.5 Puts @ .98 (thanks Fidelity for the penny price improvement!)
SPX 0-dte trades for 8/8/24
#SPX0dte Sold to Open $SPX Aug 8th 5115/5135-5345/5365 condors for 1.70, IV 46.46%, deltas -.06 +.07
Waited until after the open today… zero for two this week on these so maybe this will work.
SPY
Also at the open took another one off for small gain in case this is a DCB.
Bought to Close SPY Sep 20 2024 470.0 Put @ 2.37 (sold for 3.00)
BA SNOW
Also right at the open sold against synthetic stock. Small positions.
Sold BA Aug 16 2024 170.0 Calls @ 2.80
Sold SNOW Aug 16 2024 120.0 Calls @ 3.50
SPX
Learned something very interesting this week about rolling these. With a VIX curve like this the increased short term volatility outweighs the time added so it’s very tough to roll for a credit. With Sep vol much lower went out to Oct to get more even vol and was able to roll down a few strikes. Luckily, this isn’t the norm. Crazy stuff going on and election coming up things might calm down after that and get back into a contango situation.
An increasing VIX without going to backwardation still seems to be great for rolling vs a short term shock to the market with near term super spikes in vol. I am considering only selling put spreads from now on when the market is at nose bleeds. Had that been the case here I would have booked the losses on the spreads and possibly closed the LEAP shorts for bigly gains.
Right at the open:
Rolled SPX Aug 16 2024 5585.0 Puts to Oct 18 2024 5570.0 Puts @ .25 credit (10.05 total now)
SOXL VFC Calls – VXX Puts
Sold SOXL 40/35 Bear Call Spreads at $0.21 and $0.26 Credit
Bought 1 VFC 08/23/2024 22.5 Call / Sold 1 VFC 08/09/2024 19.0 Call for a $0.14 Diagonal Credit
Sold VXX 08/09/2024 47.5/51 Bull Put Spread at $0.14 Credit
SPX 0-dte trades 8/7/24
#SPX0dte Sold to Open $SPX Aug 7th 5150/5170-5370/5390 condors for 1.70, IV 38.77%, deltas -.06 +.06
SPY Expiration
1 SPY 08/06/2024 520 Put
1 SPY 08/06/2024 519 Put
1 SPY 08/06/2024 485/495 Bull Put Spread
SOXL roll and ALB TQQQ Spreads
Sold to close 1 SOXL 08/09/2024 30.0 Put at $1.75. Bought at $0.46 on 7/26
Bought to open 1 SOXL 08/16/2024 23.0 Put at $0.65 for a diagonal credit of $1.10
Sold 1 ALB 70/73 Bull Put Spread at $0.14 Credit
Sold 1 TQQQ 69.5/64 Bear Call Spread at $0.23 Credit
#EveryLittleBitHelps
INTC Diagonal Put
Bought 1 INTC 08/16/24 16 Put @ 0.04 / Sold 1 INTC 08/09/24 19 Put @ 0.20 for a $0.16 Credit
#EveryLittleBitHelps
MARA FIAT NVDY AMDY NFLY CONY
SOLD CALENDAR MARA , 9 AUG 2024 to/16 AUG 2024 //18 PUT @.34
–
#smallbuy
#dividends
BOT FIAT @21.60
BOT NVDY @24.16
BOT AMDY @13.80
BOT NFLY @15.84
BOT CONY @16.29
SPY
Taking these in a day.
Bought to Close SPY Sep 20 2024 400.0 Put @ 1.28 (sold for 4.00)
Bought to Close SPY Sep 20 2024 425.0 Put @ 1.97 (sold for 5.00)
And a tiny winner to thin the herd.
Bought to Close SPY Sep 20 2024 450.0 Put @ 2.85 (sold for 3.00)
SPX 0-dte for 8/6/24
#SPX0dte Sold to Open $SPX Aug 6th 5060/5080-5330/5350 condors for 1.65, IV 51.15%, deltas -.06 +.06
SPY Expiration
1 SPY 08/05/2024 495/500 Bull Put Spread – Sold this morning at $0.50
SPX end of day
#SPX0dte At 12:26p PT, sold to open $SPX Aug 5th 5145/5175-5180/5210 condors for 14.45, IV a lot. BTC at 12:49 for 12.50, about 10%. Was going for 10.00 but it looked to be threatening to go lower so I got out. Had I waited a minute longer, it would have hit 10.00! It didn’t hit my expiration breakeven point so I probably shouldn’t have chickened out, but when down 3%, fear is a factor.
SPY Puts
Sold 1 SPY 08/06/2024 485/495 Bull Put Spread at $0.28 Credit
#EveryLittleBitHelps
Damage control: closed my SPX…
Damage control: closed my SPX butterflies at minor losses ($2900 avg over 5 accounts).
Adding long puts to my XOP and XBI Jade lizards. Just to control margin, only paper losses at this point. Will manage as calendars/diagonals now.
Stay flexible! Not trading anything else today but I see some trades setting up with the bump in the VIX.
Today daughter is home from college and she lives away year round now so we are either going SUP surfing or flat water paddle after lunch. Sounds like she is leaning towards flat water.
SPY
Not as good as opening prices but I’d still be very happy with these on a more normal type of drop.
Sold SPY Sep 20 2024 400.0 Put @ 4.00
Sold SPY Sep 20 2024 425.0 Put @ 5.00
Schwab
Down all morning
keeping me out of trouble 🙂
SPX
Out in the middle of South Dakota and Spectrum has capped my speeds due to data usage this week. I can barely get on any platform. Missed the opening prices for SPY put sales. Thanks Spectrum!
I did mange to close these. Bought as protection months ago before the big rally and I had kinda written them off as worthless. I’ll take it!
Sold to Close SPX Dec 19 2025 1000.0 Put @ 4.50 (bought for 4.10)
Sold to Close SPX Dec 19 2026 1000.0 Put @ 5.00 (bought for 5.55)
More opening activity
Sold 1 SPY 08/05/2024 495/500 Bull Put Spread at $0.50 Credit
Sold 1 TQQQ 08/09/2024 40/45 Bull Put Spread at $1.24 Credit
Sold 1 UPS 08/09/2024 125 Put at $1.37
Sold 1 UPS 08/09/2024 124 Put at $1.24
Sold 1 UPS 08/09/2024 123 Put at $1.10
Sold 1 CVS 08/09/2024 70 Covered Call at $0.19
Sold 1 CVS 08/09/2024 71 Covered Call at $0.13
Sold 1 TQQQ 08/09/2024 71 Covered Call at $0.12
Sold 1 SOXL 08/23/2024 60/56 Bear Call Spread at $0.18 Credit
Bought 1 SOXL 08/16/2024 16 Put / Sold 1 SOXL 08/09/2024 24 Put for a Diagonal Credit of $0.68
Bought 1 VFC 08/16/2024 21 Call / Sold 1 VFC 08/09/2024 17.5 Call for a Diagonal Credit of $0.16
Active opening
Sold 1 SOXL Aug 09 2024 54 Covered Call at $0.06
Sold 1 PARA Aug 09 2024 10 Put at $0.06
Sold 1 HAL Aug 09 2024 29 Put at $0.08
Sold 1 LVS Aug 09 2024 33 Put at $0.11
Sold 1 EQT Aug 09 2024 28 Put at $0.12
Sold 1 MOS Aug 09 2024 23.5 Put at $0.26
Sold 1 AAL Aug 09 2024 9 Put at $0.27
Sold 1 ALB Aug 09 2024 73 Put at $0.44
Sold 1 OXY Aug 09 2024 52 Put at $0.78
Sold 1 WYNN Aug 09 2024 65 Put at $1.20
Bought tiny bits of INTC at $20.21 and $20.00
Sold a tiny bit of TSN at $62.62
Sold half my remaining VXX stock at $86.15 in the pre-market
BITO
@DCA
#dividends
BOT BITO @16.725
SPX 0DTE put spread
Sold $SPX Aug 5 4960/4925 bull put spread @ 3.05
Earnings 8/5 – 8/9
Highlights this week: CAT, UBER, DIS, SHOP, RIVN
Economic Calendar 8/5 – 8/9
Relatively quiet week for data, after Services and ISM PMI on Monday.
Options Bistro 