Using the bounce today to get a decent roll down and out a couple more weeks.
EDIT: Forgot to add the strikes I rolled to. LOL
Rolled SPX Jan 17 2025 6030.0 Puts to Jan 31 2025 6010.0 Puts @ 1.50 credit (38.50 total now)
Rolled SPX Jan 17 2025 6030.0 Put to Jan 31 2025 6010.0 Put @ 1.40 credit (35.40 total now)
#kickthecan
SOLD CALENDAR TLRY 100 20 JUN 2025/17 JAN 2025 3 PUT @.09
Just one contract so I’ll play with it. All of this is before earnings. Setting up an inverted Jade Lizard.
Rolled ADBE Jan 17 2025 435.0 Put to Feb 21 2025 420.0 Put @ .50 debit (3.70 total now)
Sold ADBE Feb 21 2025 410/420 Bear Call Spread @ 6.40
No upside risk but very little profit. Downside breakeven now 409.90 and can roll this into earnings if needed to get everything lower.
Taking my highest strikes off.
Bought to Close BA Jan 17 2025 170.0 Put @ 3.30 (sold for 3.75)
Bought to Close BA Jan 17 2025 172.5 Put @ 4.30 (sold for 5.00)
Bought to close 1 BOIL 01/03/2025 59.0 Call at $0.11. Sold at $0.70 on 12/27
Replaced it by selling 1 BOIL 01/12025 61.0 Call at $1.25
Sold 1 SPY 01/07/2025 565/575 Bull Put Spread at $0.36 Credit
#SPX0dte Sold to Open $SPX 5805/5825-5965/5985 condors for 1.40, IV 27.16%, deltas -.06 +.06
Waited a bit after open before selling.
BTC January 17, $65 puts at .35, I sold these yesterday at .76
Rolled 1 VXX 01/03/2025 61/52.5 Bear Call Spread to 1 VXX 01/10/2025 61/53 Bear Call Spread at $0.31 Credit
Rolled the short strike up $0.50
1 SPY 612/595 Bear Call Spread
1 SPY 610/600 Bear Call Spread
1 SPY 569/581 Bull Put Spread
1 SPY 535/579 Bull Put Spread
Starting the new year off right
STO January 17, $65 puts at .76 cents below the 200 day MA
Rolled 1 SPY 01/02/2025 570/580 Bull Put Spread to 1 SPY 01/06/2025 565/575 Bull Put Spread at $0.36 Credit
Lowered the short strike 5 points
Add one to the ladder.
Sold BA Jan 17 2025 165.0 Put @ 2.30
Started a tiny position in PPG at $117.00
#SP500 #FallingKnife
First SP500 stock at a new low in 2025
#shortputs
$NVDA BTC 1/3 138 put and STO 1/10 136 put at added credit of 1.20 and $2 less if called away.
$PLTR BTC 1/3 77 put and STO 1/10 76 put at added credit of .54 and $1 less if called away.
#syntheticcoveredcalls
$META STO 1/3 612.50 call at 1.41
Rolled 1 VXX 01/03/2025 37/44.5 Bull Put Spread to 1 VXX 01/10/2025 39/43.5 Bull Put Spread at $0.29 Credit
Lowered the short strike a point and tightened up the spread risk
Cash Distribution (Capital Gains) Option Symbol: 12/31/2024
Defiance Daily Target 2x Long MSTR ETF (MSTX) has announced a short-term capital gains distribution of $14.42760884 per MSTX share.
#SPX0dte Sold to Open $SPX Jan 2nd 5815/5835-5985/6005 for 1.25, IV 28.35%, deltas -.06 +.06
Sorry this is after the fact, if I had time I would feed you guys signals off the algo but alas my practice does not give me time to do that.
Anyway the algo went market down (does not mean short) since Dec 6 was the early signal and Dec 9 was the confirmed signal. Yes I know we were close to a record high after that but the algo is a leading indicator and looks at what is going on behind the scenes. Too much math to explain but it is smarter than me and looks at 21 trillion/data point calculations a second. Yes it is running on 3 NVDA 5000 servers. Any time I have betted against it I have lost.
Anyway we are still on a negative signal. Just be careful and since everyone else is bullish maybe not such a bad time to lean neutral/slightly bearish.
I will let you know when the algo spits out a buy signal but it might be a while. It is above 90% accuracy across the board. A few tickers we are at 96% accuracy and SPY/SPX/ES is one of those. QQQ is also very high at 94%.
Closed out the year by closing 3 different SPX butterflies for 9+k profits, nice little bonus for end of the year!
But yes I wish all of us a happy, healthy, and prosperous 2025! Let’s all make a truck load of money trading this year!!
1 SPY 555/575 Bull Put Spread
1 SPY 565/575 Bull Put Spread
1 SPY 571/581 Bull Put Spread
Happy New year everyone
#redirectcash
SOLD FBY @19.16
#dividends
tIP BOT USOY @14.057
tIP BOT QYLD @18.23
#taxplanning
tIP SOLD YBIT @12.35
Thanks to everyone.
A great community.
$NVDA SYO 3/21 2025 120 put at 6.10
Sold 1 SPY Jan 02 2025 569/579 Bull Put Spread at $0.48 Credit
Sold 1 SPY Jan 02 2025 600/595 Bear Call Spread at $0.12 Credit
Please be advised Trading on the Options Exchanges has Halted in Symbol MSTX as of 10:41
Sold 1 CLF Jan 03 2025 10.5 Covered Call at $0.03
#EveryLittleBitHelps
Sold 1 SPY Jan 02 2025 610/600 Bear Call Spread at $0.20 Credit
Sold 1 MSTX Jan 03 2025 27 Put at $0.15
Sold 1 MSTX Jan 03 2025 35 Put at $0.35
Sold 1 MSTX Jan 10 2025 35 Put at $0.95
#SPX0dte Sold to Open $SPX Dec 31st 5815/5835-6000/6020 condors for 1.55, IV 32.17%, deltas -.05 +.07
EDIT: actually filled for 1.60, I guess as I was lowering my limit order to 1.55, it filled before I transmitted.
High vol and high premium today for 6-delta condor. Must be expecting end-of-year balancing.
1 SPY 570/580 Bull Put Spread – sold at $0.30
Sold 1 SPY 01/03/2025 570/580 Bull Put Spread at $0.55 Credit
Closed 1 SPY 12/30/2024 590/570 Bull Put Spread for $0.51.
Sold this on a roll on 12/20/2024 for $6.29 Credit
Made back most of what I lost on the spread I covered when I rolled
#coveredcalls #syntheticcoveredcalls
$AMZN STO 1/3 227.50 call at .50
$TSLA STO 1/3 450 call at 4.20
Sold 1 VXX Jan 03 2025 58/48.5 Bear Call Spread at $0.78 Credit
Sold 1 VFC Jan 03 2025 19 Put at $0.06
Sold 1 HAL Jan 03 2025 25.5 Put at $0.06
Sold CLF Jan 03 2025 8.5 Puts at $0.06
Sold 1 SOXL Jan 03 2025 23.5 Put at $0.09
Sold 1 BAX Jan 03 2025 28 Put at $0.10
#EveryLittleBitHelps
#ADDINGDIVIDENDS on down day.
BOT TSLY @14.84
#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.
Add at the 200 day.
Sold SPY Feb 21 2025 550.0 Put @ 4.05
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
#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.
#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.
#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
#dividends
BOT MSTY @29.36
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
Taking a shot a couple weeks before earnings and down at the 200 day.
Sold NVDA Jan 31 2025 120.0 Puts @ 2.33
Adding.
Sold SPY Feb 07 2025 565.0 Put @ 3.00
And:
Sold SPY Jan 31 2025 565.0 Put @ 3.38
#SPX0dte Sold to Open $SPX Dec 27th 5920/5940-6050/6070 condors for 1.018, IV 20.18%, deltas -.06 +.06
#dividends
BOT TSLY @17.04
BOT YMAG @20.13
BOT YMAX @17.798
Adding a little more. Kind of a lottery ticket hedge.
Bought to Open VIX Feb 19 2025 25/35 Bull Call Spreads @ .41 debit
#coveredcalls #shortputs
$SOUN STO 12/27 25.50 call at .65
$SOUN STO 12/27 24 put at 1.10
#shortputs #coveredcalls
$RUM STO 12/27 16 put at .70
$RUM STO 12/27 20 call at .45
#shortputs
$PLTR STO 1/3/2025 77 put at .96
#shortputs
$NVDA STO 1/3/2025 138 out at 2.50
#SPX0dte Sold to Open $SPX Dec 26th 5945/5965-6080/6100 condors for .95, IV 20.12%, deltas -.07 +.06
Thanks to everyone for sharing great ideas during the year.
Health Happiness and Prosperity to @jeffcp66 and all the Bistroites
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
#coveredcalls
#really! #TRULY #everylittlebithelps
STO SPCE 27 DEC 2024 7 CALL @.01
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.
#VIXindicator Provided we don’t get a surprise $VIX spike today, the close will kill the Downside Warning under 16.05.
#SPX0dte Sold to Open $SPX Dec 24th 5915/5935-6020/6040 condors for .95, IV 15.78%, deltas -.08 +.05
#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
Just to stay involved. Selling a week or two before earnings.
Sold BA Jan 17 2025 167.5 Puts @ 2.47
#coveredcalls
$AMD STO 12/27 128 call at .95
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.
#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.
#coveredcalls
$AMD 121 calls
$AMZN 242.50 calls
$GOOGL 207.5 calls
$META 645 calls
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)
#coveredcalls
SOLD SOXL 20 DEC 2024 30 CALL @.03
#everylittlebithelps
#expirestoday
#dividends
BOT YMAX @17.47
BOT YMAG @19.28
BOT ZVOL @17.26
#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
Sold to open $UVXY Jan 17 25/35 bear call spreads @ 1.35-1.40
