Sold 1 TOL 12/13/2024 133/140 Bull Put Spread at $0.28 Credit (earnings today AMC)
Recent Updates Page 50
0-dte Strangles
#SPX0dte I have been testing a new strategy and just completed my second attempt at doing it live.
Recently we’ve seen fairly significant moves in SPX toward end of day. For a couple weeks I’ve been watching ATM strangles with 5-point centers. Once these drop below 6 or even 5 bucks (after 1pm ET), it is a fair bet to BUY one and then wait for a move. The idea is to cover the full cost of the trade plus some profit on the first move, then try to get as much as you can extra profit from the other side.
Today I bought $SPX Dec 9th 6060/6065 strangles for 4.70 at 2:17pm ET.
I had to wait over 20 minutes for a move, and in that time it dropped to 3.85. Loss of less than a dollar… if it had gone more than a dollar in the red I may have stopped out. But then the spike down happened and my put option sold for 6.00. So I was 1.30 in profit. Now I can choose to wait for a total bounce and perhaps even get a double. On some test days this DID happen. But when I saw no immediate strong bounce, I closed today’s for .90. Sure enough, SPX took a further drop so .90 was nice to catch. Had I been willing to sit with the risk longer, I could have sold put side for as much as 7.00 (at least so far), but I think these trades are best when goal is 1.00 to 2.00 in profit. For this one I got 2.20.
On Friday I bought a strangle for 5.60 and got the down move almost immediately. It didn’t go very far and started to recover, so I sold put for 6.00. With .40 profit I decided to wait for a full recovery and sell call if it got to 4.00. It didn’t; the drop continued so it expired.
SPY Puts
Bought 1 SPY 12/16/2024 589 Put / Sold 1 SPY 12/12/2024 598 Put at $0.21 Diagonal Credit
#EveryLittleBitHelps
SPX
Rolled SPX Dec 09 2024 6070.0 Puts to Dec 10 2024 6070.0 Puts @ 6.00 credit (24.15 total now)
Monday Spreads
Sold 1 AI 12/13/2024 25.50/35 Bull Put Spread at $1.04 Credit (earnings today AMC)
Sold 1 ORCL 12/13/2024 150/160 Bull Put Spread at $0.26 Credit (earnings today AMC)
Sold 1 ORCL 12/13/2024 145/157.5 Bull Put Spread at $0.26 Credit (earnings today AMC)
Sold 1 AVGO 12/09/2024 135/155 Bull Put Spread at $0.63 Credit
Sold 1 AVGO 12/09/2024 143/152.5 Bull Put Spread at $0.22 Credit
Sold 1 NUGT 12/09/2024 53.5/49.5 Bear Call Spread at $0.16 Credit
Sold 1 VFC 12/13/2024 24/22 Bear Call Spread at $0.24 Credit
Sold 1 TSLA 12/20/2024 280/310 Bull Put Spread at $0.43 Credit
Bought 1 CVS 12/27/2024 63 Call / Sold 1 CVS 12/13/2024 57.0 Call at $0.23 Diagonal Credit
Sold VXX 12/09/2024 54/47.5 Bear Call Spreads at $0.16 Credit
SPX 0-dte trades for 12/9/24
#SPX0dte Sold to Open $SPX Dec 9th 6035/6055-6115/6135 condors for 1.05, IV 12.00%, deltas -.09, +.07
Fairly narrow with aggressive deltas but only way to get premium. Overnight moves pretty mellow, so looking for a sideways goong into Wednesday’s CPI.
Earnings 12/9 – 12/13
Econ Calendar 12/9 – 12/13
CPI on Wednesday, then PPI and bond auction on Thursday.
OptionsExpiration
AVGO 135/160 Bull Put Spread
BOIL 28/33 Bull Put Spread
BOIL 60/50 Bear Call Spread
BOIL 65/55 Bear Call Spread
CRM 270/280 Bull Put Spread4
CVS 65/60 Bear Call Spread
NUGT 50/47 Bear Call Spread
SPY 604 Diagonal Put
TQQQ 55/70.5 Bull Put Spread
VXX 50/45 Bear Call Spreads
VXX 51/45 Bear Call Spread
VXX 52/45 Bear Call Spreads
VXX 41 Diagonal Put
DLTR 49 Put
DG 55 Put
SOXS 18.5 Put
INTC 20 Put
FL 17.5 Put
CLF 14.0 Covered Calls
NUGT 47.0 Covered Calls
SOXL 36.0 Covered Call
SOXL 37.0 Covered Call
TQQQ,
I will be calles away on my $85 calls that I sold so will look to reload next week.
SPY Calls and Puts
Sold 1 SPY 12/10/2024 603 Put at $0.44
Sold 1 SPY 12/09/2024 604 Put at $0.27
Sold 1 SPY 12/09/2024 611 Call at $0.25
#OnlySpreads
SPX
Staying a little inside the expected move until something changes.
Rolled SPX Dec 06 2024 6065.0 Puts to Dec 09 2024 6070.0 Puts @ 5.50 credit (18.15 total now)
QQQ
Closed 12/10/24 545 short calls for $.02 debit
SPX-0dte for 12/6/24
#SPX0dte Sold 6065/6095-6100/6130 condors for 10.10, IV 12.09%
Tight leash…. this has been a chase as premium dropping pretty rapidly.
NWL TROW APA CE DVN LYB OXY Stock
Sold my last tiny bit of NWL at $10.24
Sold a bit of TROW at $125.01
#FormerFallingKnife
Added a tiny bit of APA at $21.00
Added a tiny bit of CE at $69.00
Added a tiny bit of DVN at $35.00
Added a tiny bit of LYB at $76.00
Added a tiny bit of OXY at $48.00
#FallingKnife
November Jobs Report
#Jobs — Higher than expected, UE rate rising
Gain of +227,000 non-farm payroll jobs, vs. expected gain of 214K
Unemployment up 0.1 to 4.2%, as expected
U6 unemployment 7.8%, up by 0.1
Labor force participation down 0.1 at 62.5%
Average hourly earnings up by 0.4%; +4.0% Y/Y
October jobs revised up by +24K to +36K
September jobs revised up by +32K to +255K
SPY Expiration
1 SPY 612/608 Bear Call Spread
1 SPY 612/607 Bear Call Spread
SPY Puts
The relentless move up has kept me from setting up new put Spreads
Sort of forcing this …
Bought 1 SPY Dec 09/2024 594 Put / Sold 1 SPY Dec 06 2024 604 Put at $0.38 Credit
SPCE
#shortputs
#everylittlebithelps
SOLD SPCE 13 DEC 24 6.5 PUT @.36
INTC Put
Sold 1 INTC Dec 06 2024 20.0 Put at $0.06
#TinyTrade
DJT
#onlyspreads closed DJT 1/17/25 34 C/P @ $1.95 Credit
Grabbed for the chicken, got only feathers
BA
Rolling the rest of the short puts up. 160 short calls need all the help they can get.
Rolled BA Dec 20 2024 155.0 Puts to Dec 20 2024 160.0 Puts @ 2.40 credit (8.65 total now)
DVN DOW MCHP CE LYB Stock
Added tiny bits of these at new lows
DVN at $36.00
DOW at $42.00
MCHP at $60.00
CE at $70.00
LYB at $77.00
#SP500 #FallingKnife
VXX Calls
Last one for this week
Sold 1 VXX Dec 06/2024 50/45 Bear Call Spread at $0.14 Credit
SPX
Not a lot of premium left today so rolling early.
Rolled SPX Dec 05 2024 6055.0 Puts to Dec 06 2024 6065.0 Puts 7.25 credit (12.65 total now)
SPX 0-dte trades for 12/5/24
#SPX0dte Sold to Open $SPX Dec 5th 6035/6055-6115/6135 condors for .95, IV 12.37%, deltas -.10 +.05
Bullish leaning. Quiet overnight, so hopefully we stay sideways because this is a tight range. All attention seems to be on BitCoin topping 100k.
SPX LEAPS and 0DTE
Been getting a lot of requests so hopefully this explains things. My first try at something like this.
Critiques or corrections requested. Don’t want to redo anything though. LOL
GLD Expiration
1 GLD 249/246 Bear Call Spread
VXX Calls
Sold VXX Dec 06/2024 52/45 Bear Call Spreads at $0.13 and $0.14
Sold VXX Dec 06/2024 51/45 Bear Call Spreads at $0.14 and $0.15
Offsetting VXX Puts that I’m forced to roll out
SPX
Another round. Selling tomorrow just inside the expected move.
Bought to Close SPX Dec 04 2024 6035.0 Puts @ .40 (sold for 6.65)
Sold SPX Dec 05 2024 6055.0 Puts @ 5.40
VXX Puts
Sold to close VXX Dec 06 2024 40.0 Puts at $0.08. Bought at $0.03 and $0.05
Bought 1 VXX Jan 17 2025 35 Put at $0.26
Paid for it by selling i VXX Dec 06 2024 41.0 Put at $0.33
NWL DVN LYB
#TinyTrades
Sold NWL at $9.82
Bought DVN at $37.00
Bought LYB at $78.66
BOIL SOXS FL Puts
Sold 1 BOIL Dec 06 2024 28/33 Bull Put Spread at $0.18 Credit
Sold 1 SOXS Dec 06 2024 18.5 Put at $0.06
Sold 1 FL Dec 06 2024 17.5 Put at $0.10 (post earnings)
#EveryLittleBitHelps
QQQ
Yesterday Rolled 12/6/24 short calls out to 12/9/24 and up to 530 for $.33 Credit
Today Rolled again 12/9/24 short calls out to 12/10/24 and up to 545 for $.34 Credit
Ridin’ the Bull
SPX 0-dte trades for 12/4/24
#SPX0dte Nine minutes after the open, sold to open $SPX Dec 4th 6005/6025-6095/6115 condors for .95, deltas -.07 +.07, IV 13.97%
Probably need to go back to pre-market sale on this trade, given the low premium and narrow widths. Premium drops very quickly after the open, and it probably will be this way through the holiday.
SPY Expiration
1 SPY 610/606 Bear Call Spread
1 SPY 609/606 Bear Call Spread
SPX
Staying aggressive. IV picks up a little on Thur and Fri in case a roll is needed.
Bought to Close SPX Dec 03 2024 6025.0 Puts @ .35 (sold for 5.00)
Bought to Close SPX Dec 03 2024 6030.0 Put @ .55 (sold for 5.50)
Sold SPX Dec 04 2024 6035.0 Puts @ 6.65
GLD NUGT Calls
Sold 1 GLD Dec 04 2024 249/246 Bear Call Spread at $0.19 Credit
Sold 1 NUGT Dec 06 2024 50/47 Bear Call Spread at $0.18 Credit
South Korea
Well that was quick. 2 hours of martial law and it’s over. Selling some premium into the bounce: Sold to open Jan 17 50 puts @ 1.33.
CRM Puts
Sold 1 CRM Dec 06 2024 270/280 Bull Put Spread at $0.22 Credit
SPX 0-dte trades for 12/3/24
#SPX0dte With some volatility before the open and a spike in $VIX I avoided being aggressive on a wide condor and then missed some fills after the open. I’ll wait until after JOLT at 10am to look for a trade.
DG DLTR NUGT SOXL Tiny Trades
Sold 1 DG Dec 06 2024 55.0 Put at $0.10
Sold 1 DLTR Dec 06 2024 49.0 Put at $0.11
Sold NUGT Dec 06 47.0 Covered Calls at $0.10 and $0.15
Sold 1 SOXL Dec 06 37.0 Covered Call at $0.06
#EveryLittleBitHelps
SOXL FBY YQQQ NVDY
#shortputs
#everylittlebithelps
SOLD SOXL 6 DEC 2024 25 PUT @.07 and .09
#dividends
BOT FBY @19.39
BOT NVDY @25.31
#freeingup cash
SOLD YQQQ @17.75
QQQ
Rolled 12/3/24 short calls out to 12/6/24 and up to 524 for $.31 Credit
This Bully market called for some position management
TQQQ,
STO December 6, $81 puts at 1.05
TQQQ,
Earliar, STO December 13, $75 puts at .62
SPX
Bought to Close SPX Dec 02 2024 6015.0 Puts @ .35 (sold for 22.95)
Bought to Close SPX Dec 02 2024 6020.0 Put @ .40 (sold for 26.35)
Sold SPX Dec 03 2024 6025.0 Puts @ 5.00
Sold SPX Dec 03 2024 6030.0 Put @ 5.50
QQQ
#coveredcalls #1dte STO 12/3/24 QQQ 519 calls @.21
Selling against the LEAPS position
SPX 0-dte trades for 12/2/24
#SPX0dte Sold to Open $SPX Dec 2nd 5975/5995-6075/6095 condors for 1.00, IV 14.67%, deltas -.06 +.07
Before market the deltas on this were -.08 +.04. Lots of bulls buying arond the open.
Earnings 12/1- 12/5
Econ Calendar 12/1 – 12/5
A little something every day culminating in Jobs report on Friday.
BA SPX
A couple adjustments this morning.
Rolled BA Dec 20 2024 155.0 Calls to Jan 10 2025 160.0 Calls @ .05 debit (3.45 total now)
Rolled SPX Dec 02 2024 6005.0 Puts to Dec 02 2024 6015.0 Puts @ 2.00 credit (22.95 total now)
Rolled SPX Dec 02 2024 6010.0 Put to Dec 02 2024 6020.0 Put @ 2.40 credit (26.35 total now)
GDXY NVDY USOY SPCE
#raisingcash
SOLD GDXY @15.78
#dividends
BOT NVDY @25.36
BOT USOY @14.94
#coveredcalls
SOLD SPCE 6 DEC 24 8 CALL @.19
#shortputs
SOLD SPCE 6 DEC 24 7 PUT @.23
TQQQ,
My November 29, $67 puts will expire at zero today.
SPX 0-dte trades for 11/29/24
#SPXodte Sol to Open $SPX 5945/5965-6040/6060 condor for .95, IV 12.71%, deltas -.05 +.07
Happy Thanksgiving
Appreciate you all. A thoughtful, analytical and sharing community.
Thank you @jeffcp66 for making this all possible.
SPY Expiration
1 SPY 607/603 Bear Call Spread
1 SPY 604 Diagonal Call
AVGO Puts 1DTE
Sold 1 AVGO 11/29/2024 150/157.5 Bull Put Spread at $0.40 Credit
#ScalpTrade
DELL HPQ SYM Tiny Puts
Post-earnings
Sold 1 HPQ 11/29/2024 33.0 Put at $0.06
Sold 1 SYM 11/29/2024 20.0 Put at $0.10
Sold 1 DELL 11/29/2024 113.0 Put at $0.19
#EveryLittleBitHelps
SPX
Taking these out to Monday in case I get busy Friday.
Rolled SPX Nov 27 2024 6005.0 Puts to Dec 02 2024 6005.0 Puts @ 10.50 credit (20.95 total now)
Rolled SPX Nov 27 2024 6010.0 Put to Dec 02 2024 6010.0 Puts @ 9.00 credit (23.90 total now)
TQQQ,
STC December 20, $75 calls for December 20 at 4.80. I took a loss on that one and first loss is least loss.
SPX 0-dte trades for 11/27/24
#SPX0dte Filled on the open: $SPX Nov 27th 5950/5970-6055/6075 condors for 1.05, deltas -.08 +.05, IV 16.34%.
Filled right after bell, but then premium quickly went up to 1.25 on the first dip, then quickly retracted back to 1.05.
SPY Expiration
1 SPY 581/587 Bull Put Spread
1 SPY 580/586 Bull Put Spread
SPX
Filled on the little dip.
Bought to Close SPX Nov 26 2024 6000.0 Puts @ 1.95 (sold for 43.85)
Sold SPX Nov 27 2024 6005.0 Puts @ 10.45
SPX
Adding another synthetic short position in a different account.
SPX Dec 2029 6000/6000/6400 @ 305.0 debit
And:
Sold SPX Nov 27 2024 6010.0 Put @ 14.90
SPX 0-dte trades for 11/26/24
#SPX0dte Sold to Open $SPX Nov 26th 5920/5940-6040/6060 condors for .85, IV 17.22%, deltas -.04 +.07
AMZN AMD Calls / DELL Strangle
$AMZN STO 11/29 207.5 call at .45
$AMD STO 11/29 143 call at 1.10
#shortstrangles #earnings
$DELL STO 11/29 150/143 strangle at 8.55
SPY Expiration
1 SPY 605/601 Bear Call Spread
1 SPY 575/589 Bull Put Spread
1 SPY 585/590 Bull Put Spread
SPY
Taking around 50 to 60 percent of max in 10 days.
Bought to Close SPY Dec 20 2024 560.0 Put @ 1.24 (sold for 3.43)
Bought to Close SPY Dec 20 2024 565.0 Put @ 1.48 (sold for 3.35)
Bought to Close SPY Jan 17 2025 540.0 Put @ 1.84 (sold for 3.42)
Bought to Close SPY Jan 17 2025 550.0 Put @ 2.32 (sold for 4.36)
SPX
Hoping for a long drawn out battle for 6000 for the next month or two. LOL
Rolled SPX Nov 25 2024 5995.0 Puts to Nov 26 2024 6000.0 Puts @ 10.25 credit (43.85 total now)
BA
Rolled BA Dec 20 2024 155.0 Puts to Dec 20 2024 160.0 Puts @ 3.50 credit (10.80 total now)
BOIL Spread
Sold 1 BOIL 70/65 Bear Call Spread at $0.24 Credit
#ShortWeek
USB NWL Tiny Trades
Selling my oldest and highest USB stock at $53.72 – a new high
Selling my oldest and highest NWL stock at $9.68 – a new high
#FormerFallingKnife
SPX 0-dte trades for 11/25/24
#SPX0dte Sold to open $SPX 5965/5995-6000/6030 condors for 12.15, IV 15.43%
Another day opening with pretty dramatic swings and insufficient premium to risk a wide condor. This is centered above current SPX price but what looks to be a consolidation point.
QQQ
#coveredcalls STO 11/27/24 QQQ 517 calls @.23
Last weeks calls expired w/ No drama
