#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.
#shortputs
tIP SOLD SOXL 20 DEC 2024 23.5 PUT @.10
#dividends
BOT TSLY @16.98
#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.
Rolled 1 SPY 12/19/2024 583 Put to 1 SPY 12/20/2024 575 Put at $0.28 Credit
#dividends
BOT YMAG @19.67
BOT YMAX @17.525
#shortputs
SOLD SOXL 20 DEC 2024 25 PUT @.34
#VIXindicator As if that wasn’t obvious. Been awhile since I’ve seen an intraday move that sharp.
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)
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
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)
#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.
Today looks to be 10th straight down day. Worst since September 1974 when it went down 11 straight days.
STO Dece. 27, $91 puts at 3.30
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
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)
Throwing another hedge out there since they’re cheap.
Bought to Open VIX Feb 19 2025 20/30 Bull Call Spreads @ .85 debit
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
A lot of talk abought the Dow’s 9 day losing streak. Here is why, under the covers:
#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.
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)
If the Dow finishes negative today it will be first 9-day losing streak since the 70’s.
#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.
#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
Couldn’t resist. Selling at the expected move and near recent lows.
Sold ADBE Jan 17 2025 435.0 Put @ 4.20
#syntheticcoveredcalls
$AMZN STO 12/20 242.50 call at .45
Rolled short calls again; now out to 12/31/24 and up to $546 for $.15 credit
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)
Added a tiny bit of DVN at $32.78
Started a tiny position in MPC at $140.00
#FallingKnife
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.
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)
Rolled 12/23/24 $543 short calls to 12/27 $544 for $.49 credit
#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
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
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
#coveredcalls
$META STO 12/20 645 call at 1.75
$GOOGL STO 12/20 207.50 call at .50
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.
#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
Very busy week including Fed decision on Wednesday
SOXL SPCE
#optionepiration
SOXL 25 puts
SPCE 7 calls
#assignment
SPCE 6.5 and 7 puts
Big losses on old AVGO, SPY and TQQQ Call spreads, and an early assignment on a NUE 140 Put destroyed my week, despite the winners below:
Expired:
AVGO 143/150 Bull Put Spread
AVGO 145/152.5 Bull Put Spreads
AVGO 147/155 Bull Put Spread
BOIL 60/50 Bear Call Spread
BOIL 59/50 Bear Call Spread
BOIL 32/35.5 Bull Put Spread
CVS 65/57 Bear Call Spread
NUE 167.5/155 Bear Call Spread
NUGT 53.5/49.5 Bear Call Spread
ORCL 145/157.5 Bull Put Spread
ORCL 150/160 Bull Put Spread
SPY 579/599 Bull Put Spread
TQQQ 74/80 Bull Put Spread
VFC 24/22 Bear Call Spread
VXX 54/47.5 Bear Call Spreads
VXX 57/48 Bear Call Spreads
VXX 56/47.5 Bear Call Spreads
VXX 45/47 Bear Call Spreads
CLF 13.5 Covered Calls
NUGT 47 Covered Call
NUGT 49 Covered Call
SOXL 38.5 Covered Call
WBA 10.5 Covered Calls
AI 27 Put
AVGO 145 Put
SOXL 24 Put
SPCE 6 Puts
TQQQ 77 Put
Keep going sideways until I have to roll down.
Rolled SPX Dec 13 2024 6070.0 Puts to Dec 16 2024 6070.0 Puts @ 2.90 credit (13.50 total now)
Closed 1 AI 12/13/2024 25.5/35 Bull Put Spread at $0.01 #releasingmargin
Rolled 1 TOL 134/140 Bull Put Spread to next week’s TOL 130/139 Bull Put Spread at $0.08 Credit
Rolled 1 TOL 133/139 Bull Put Spread to next week’s TOL 130/139 Bull Put Spread at $0.75 Credit
Rolled 1 NUE 12/123/2024 129.0 Put to next week’s NUE 125.0 Put at $0.05 Credit
Added a tiny bit to DOW at $41.00
Added a tiny bit to LYB at $75.00
#SP500 #FallingKnife
STO Dec. 27, $91 puts at 3.35And My $85 puts will expire today at zero.
Rolled today’s $534 short calls out and up to 12/18/24 $540 for $.16 Credit
1 SPY 598 Diagonal Put
Rolled SPX Dec 12 2024 6070.0 Puts to Dec 13 2024 6070.0 Puts @ 6.00 credit (10.60 toal now)
Bought 1 NUE 12/20/2024 120 Put / Sold 1 NUE 12/13/2024 129 Put at $0.27 Credit
#1DTE
Rolled 1 VXX 12/13/2024 43.0 Put to next week’s VXX 42.0 Put for $0.03 Credit
Added tiny bit to my CVS position at $51.00 and $50.00
Added tiny bit to my DVN position at $34.00 (ex-div tomorrow – yield 5.75%)
#SP500 #FallingKnife
Rolled 12/12 $534 short calls to 12/13/24 for $.21 Credit
#SPX0dte Sold to Open $SPX Dec 12th 6015/6035-6105/6125 condors for .70, IV 12.03%, deltas -.08 +.04
Pretty low premium for a narrow condor, but it filled on the down move.
1 SPY 616/608 Bear Call Spread
1 SPY 593/601 Bull Put Spread
1 SPY 1 600.0 Diagonal Put
Gotta love it. Six straight days of chopping around the 6070 level. Let’s do it for six more months! LOL
Bought to Close SPX Dec 11 2024 6070.0 Puts @ .35 (sold for 30.60)
Sold SPX Dec 12 2024 6070.0 Puts @ 4.60
#TinyTrades
Bought BAX at $31.00 and $30.83
Bought CVS at $52.71
#SP500 #FallingKnife
#coveredcalls STO 12/12/24 QQQ 534 calls @.25
Selling against the LEAPS position
Sold 1 SPCE 12/13/2024 6.0 Put at $0.09
#EveryLittleBitHelps
Bought 1 SPY 12/12/2024 613 Call / Sold 1 SPY 12/11/2024 608 Call at $0.15 Diagonal Credit
#SPX0dte Sold to Open $SPX Dec 11th 5985/6005-6095/6115 condors for 1.00, IV 14.54%, deltas -.05 +.06
1 SPY 607 Diagonal Call
Been gradually adding to my lottery ticket. Enter at your own risk!
Owned a bunch at 1.70 forever. Added a little more at 2.00. Will buy dips below 2.00 until reaching my limit. Could go to zero or 10.
I remember Bitcoin at 20 and thought it had no chance. I’m still not a believer but want to be involved with defined risk if we get another run on a cheap one.
Starting a new ladder at the 50 day and lower.
Sold SPY Jan 17 2025 580.0 Put @ 3.05
Sold SPY Jan 17 2025 585.0 Put @ 3.70
Sold 1 SPY 12/11/2024 600 Put at $0.28
Adding to 1/15/27 RDDT $80 CALL long LEAPS position for $97.50 debit on today’s weakness (initial lot purchased on 10/30 for $27.46)
Housekeeping: BTC RDDT 1/15/27 $95 short PUTS for $18.
Sold WBA 01/17/2025 17.5 Covered Calls at $0.06
Walgreens Shares Spike Off 28-Year Lows On Private-Equity Interest
Sold 1 TQQQ 12/13/2024 77.0 Put at $0.08
Sold 1 SPCE 12/13/2024 6.0 Put at $0.08
#TinyTrades
Rolling short calls again out to the week before earnings. Still short a bunch of Dec 20 160 strike puts.
Rolled BA Jan 10 2025 160.0 Calls to Jan 24 2025 165.0 Calls @ 1.10 debit (2.35 total now)
Sold 1 AVGO 12/13/2024 145/150 Bull Put Spread at $0.25 Credit
Sold 1 BOIL 12/13/2024 32/35.5 Bull Put Spread at $0.18 Credit
Tiny Trades:
Bought to close 1 ORCL 12/13/2024 150.0 Put at $0.01
#ReleasingMargin
Sold 1 AVGO 12/13/2024 145.0 Put at $0.08
Sold 1 SOXL 12/13/2024 24.0 Put at $0.06
#EveryLittleBitHelps
Thanks for the idea @walter6871
Keep rolling sideways as long as the premium is still there.
Rolled SPX Dec 10 2024 6070.0 Puts to Dec 11 2024 6070.0 Puts @ 6.50 credit (30.75 total now)
#everylittlebithelps
#shortputs
SOLD SPCE 13 DEC 24 7 CALL @.10
SOLD SOXL 13 DEC 24 25 PUT @.07
#dividends
#addingtostable
BOT CRF @8.72
BOT CLM @8.51
Sold 1 TOL 12/13/2024 134/139 Bull Put Spread at $0.25 Credit (post-earnings)
#SPX0dte Sold 1 minute aftyer open: $SPX Dec 10th 6005/6025-6095/6115 condors for 1.00, IV 13.21%, deltas -.11 +.03
#dividends
BOT MSTY @33.49
tIP BOT YMAX @18.55
tIP BOT CONY @17.10
————–
#selling
#releasecapital
#weakdividends
SOLD SDIV
1 GLD 235/245 Bull Put Spread
1 SPY 594/604 Bull Put Spread
1 SPY 617/611 Bear Call Spread
STO December 13, $85 puts at 1.45
