Rolled out and down to tomorrow on the early small bounce. Great premium next week so I’d like to get out of these this week. Next week should be WILD!
Rolled SPX Jun 04 2024 5290.0 Puts to Jun 05 2024 5280.0 Puts @ even. (14.90 total now)
Recent Updates Page 51
TOS charts frozen
At about 8:30 ET… anyone else?
SPX 0-dte 6/4/24
#SPX0dte Sold to Open $SPX Jun 4th 5230/5260-5265/5295 condors for 18.00, IV 21.75%, at 8:15 ET
SPY Expiration
1 SPY 06/03/2024 510/522 Bull Put Spread
1 SPY 06/03/2024 522 Diagonal Put
1 SPY 06/03/2024 520 Diagonal Put
SPY Put Rolls
Bought to close 1 SPY 06/03/2024 522.0 Put at $0.02. Sold 1 SPY 06/04/2024 522.0 Put at $0.29
Bought to close 1 SPY 06/03/2024 521.0 Put at $0.01. Sold 1 SPY 06/04/2024 521.0 Put at $0.19
ARM TTD Call
#coveredcalls
$ARM STO 6/7 129 call at 2.29
$TTD STO 6/7 96 call at .45
SPY Puts
Extending a new Put Ladder:
Sold 1 SPY Jun 04 2024 519/522 Bull Put Spread at $0.27 Credit
COIN Call
#coveredcalls
$COIN STO 6/7 245 call at 3.20
SPY
Selling the expected move and down under the 100 day.
Sold SPY Jul 12 2024 505.0 Put @ 3.00
TQQQ,
STO July 12, 50 puts at .82
Mexico ETFs
Not trading these but thought I would bring these to the attention of the members
MEXX down 25% today
EWW down almost 10%
The Mexican Peso experienced its worst single-day performance in four years following Claudia Sheinbaum‘s victory in the presidential election held on Sunday.
As of 08:15 a.m. in New York, the peso had dropped 3.4%, reaching 17.60 per dollar. This marks the sharpest decline since June 11, 2020, when it fell by 4.1% in a single day.
SPX
Time will tell if this was a good move or not. Bringing these back in to tomorrow. Instead of a roll booking it as a closing a position and then opening a new position.
Bought to Close SPX Jun 06 2024 5290.0 Puts @ 21.50 (sold for 23.15 and 23.75)
Sold SPX Jun 04 2024 5290.0 Puts @ 14.90
SPY
Calls
Sold to close 1 SPY 06/03/2024 528 Call and rolled it to 1 SPY 06/04/2024 531 Call at $0.86 Credit
Puts
Sold 1 SPY 06/03/2024 522 Put at $0.13
Bought 1 SPY 06/04/2024 512 Put / Sold 1 SPY 06/03/2024 522 Put for a diagonal Credit of $0.12
Bought 1 SPY 06/05/2024 511 Put / Sold 1 SPY 06/03/2024 521 Put for a diagonal Credit of $0.29
Bought 1 SPY 06/06/2024 510 Put / Sold 1 SPY 06/03/2024 520 Put for a diagonal Credit of $0.08
CPB CSCO HAL
Sold some small puts
1 CPB Jun 07 2024 41 Put at $0.12
1 CSCO Jun 07 2024 44.5 Put at $0.06
1 HAL Jun 07 2024 33.5 Put at $0.07
#EveryLittleBitHelps
BOIL SBUX CVS Calls
Bought 1 BOIL Jun 14 2024 24 Call / Sold 1 BOIL Jun 07 2024 19 Call for a diagonal credit of $0.34
Sold 1 BOIL Jun 07 2024 25/21 Bear Call Spread at $0.29 Credit
Bought 1 SBUX Jun 14 2024 86 Call / Sold 1 SBUX Jun 07 2024 83 Call for a diagonal credit of $0.18
Sold 1 CVS Jun 07 2024 61.0 Covered Call at $0.30
GME Calls
Sold 1 GME 06/07/2024 75/65 Bear Call Spreads at $0.25 and $0.41 Credits
SPX 0-dte trades 6/3/24
#SPX0dte Sold to Open $SPX Jun 3rd 5265/5295-5300/5330 condors for 14.85, IV 17.26%, at 8:28 ET
Earnings 6/3 – 6/7
Economic Calendar 6/3 – 6/7
JOBS report on Friday, and other data each morning this week.
CONY F HE
#smallbuy
#dividends
BOT CONY @22.98
—
#optionsexpiration
F 12.50 CALL
HE 11.00 CALL
OptionsExpiration
Hated the last 30 minute sprint in the market, but a good week especially for GME
Expired:
BMY 47 Covered Call
BOIL 28/18.5 Bear Call Spread
BOIL 23 Diagonal Call
GILD 72/70 Bear Call Spread
GME 12.5/21.5/31/40 Short Iron Condor
GME 12.5/18.5/31/41 Short Iron Condor
GME 12/18/32/41 Short Iron Condor
GME 15.5/20/36/41 Short Iron Condor
NUE 160/165 Bull Put Spread
NVDA 1010/1020/1200/1210 Short Iron Condor
SBUX 66/75/82/85 Short Iron Condor
VXX 15/12.5 Bear Call Spreads
VXX 16/13 Bear Call Spreads
VXX 11.5/10 Bull Put Spread
Assignments:
CLF 17.5 Puts last night
VXX Contango Long term Put
Bought 1 VXX Jan 17 2025 6.00 Put at $0.18
#VXXContango
SPY
Selling outside the expected moves and down closer to the 200 day.
Sold SPY Jul 19 2024 495.0 Put @ 2.82
Sold SPY Jul 31 2024 490.0 Put @ 2.90
EDIT: Bought SPY Sep 20 2024 250.0 Puts @ .13 as a little backstop to sell against.
BA
Still in a long synthetic stock position. Won’t bore you with too many details.
Closed Dec 2026 190/190/150 @ 1.85 gain. Happy with that since I was able to keep up with the down move selling aggresive calls.
Reset to Dec 2026 175/175/135. Still selling aggressively against it.
Sold BA Jun 07 2024 172.5 Calls @ 3.65
Letting today’s short 175 calls expire (sold for 2.45)
EDIT: Certainly don’t want to have to deal with double sales on the short calls. Closing for safety.
Bought to Close BA May 31 2024 175.0 Calls @ .23 (sold for 2.45)
GME Calls Closed
Bought 1 GME 05/31/2024 42/32 Bear Call Spread at $0.01
All my remaining GME BULL Put Spreads and BEAR Call spreads for this week are expiring
VXX BMY SBUX VFC BOIL CVS Covered Calls
Bought to close VXX 05/31/2024 13.0 Covered Calls at $0.01
Sold to open VXX 06/07/2024 13.00 Covered Calls at $0.15
Sold 1 BMY Jun 14 2024 43.5 Covered Call at $0.12
Rolled 1 SBUX 05/31/2024 79.0 Covered Call to 1 SBUX 06/14/2024 83.0 Covered Call at $0.02 Credit
Rolled 1 VFC 05/31/2024 13.5 Covered Call to 1 VFC 06/07/2024 14.0 Covered Call at $0.13 Credit
Rolled 1 BOIL 05/31/2024 18.5 Covered Call to 1 BOIL 06/21/2024 23.0 Covered Call at $0.27 Credit
Sold 1 CVS Jun 07 2024 63.0 Covered Call at $0.08
#EveryLittleBitHelps
TQQQ,
STO June 21, 50 puts at .28
TQQQ,
My may 31, 48 puts should expire at zero today.
SPX 0-dte 5/31/24
#SPX0dte Sold to Open $SPX May 31st 5185/5205-5305/5325 condors for 1.20, IV 21.15%, deltas -.07 +.06
Taking lower risk route of wide 6-delta condor strategy this morning. May add tight condor if consolidation takes hold.
GILD Covered Calls
Sold 1 GILD 06/07/2024 69.0 Covered Call at $0.06
Sold 1 GILD 06/14/2024 69.0 Covered Call at $0.09
#EveryLittleBitHelps
VXX Puts rolled down
Rolled my VXX May 31 2024 12.5 Puts down to VXX Jun 14 2024 12.0 Puts at $0.02 Credit
Plenty of VXX Calls and Call spreads expiring tomorrow
SPY Expiration
1 SPY 05/30/2024 530/526 Bear Call Spread – sold today at $0.12
1 SPY 05/30/2024 515/522 Bull Put Spread – sold today at $0.21
Totally out of short puts for now
YBIT GDXY IWMY
BOT YBIT @20.69
BOT GDXY @19.22
BOT IWMY @15.28
SNOW
A small synthetic stock position
Bought to Close SNOW May 31 2024 155.0 Calls @ .03 (sold for 8.30)
Sold SNOW Jun 07 2024 150.0 Calls @ 1.68
NVDA Calls
Sold 1 NVDA May 31 2024 1,210/1,200 Bear Call Spread at $0.26 Credit.
Paired with my NVDA May 31 2024 1,010/1,020 Bull Put Spread to create an Iron Condor
#1DTE
SPX
SPX IV is jacked up a little next Friday so rolling to Thursday. Might be able to use Friday premium for a roll or another sale then.
Rolled SPX May 30 2024 5300.0 Puts to Jun 06 2024 5290.0 Puts @ even. (23.15 and 23.75 total now)
SPX and DJIA indexes
Have frozen due to some error, apparently. Has been about an hour (started at 10:42 ET).
QDTE
#smallbuy
#weeklypayer
#smallbuy
BOT QDTE @44.34
SPX 0-dte 5/30/24
#SPX0dte Sold to Open $SPX 5220/5250-5255/5285 condors for 15.0o, IV 17.04%, at 8:51 ET
SPY Expiration
1 SPY 515/523 Bull Put Spread
SPX
Straight roll today.
Rolled SPX May 29 2024 5300.0 Puts to May 30 2024 5300.0 Puts @ 3.15 and 3.25 credit (23.15 and 23.75 total now)
NVDA SPY Puts / VIX Calls
Sold 1 NVDA May 31 2024 1,010/1,020 Bull Put Spread at $0.26 Credit
Sold 1 SPY May 29 2024 523.0 Put at $0.31 – expires today
Sold 1 VIX Jun 05 2024 20/15 Bear Call Spread at $0.36 Credit
SPX 0-dte 5/29/24
#SPX0dte Sold to Open $SPX May 29th 5245/5275-5280/5310 condors for 15.80, IV 17.88%, at 8:26 ET
SPY Expiration
1 SPY 05/28/2024 518/520 Bull Put Spread
1 SPY 05/28/2024 523.0 Diagonal Put
SPX
Just a quickie today.
Rolled SPX May 28 2024 5305.0 Puts to May 29 2024 5300.0 Puts @ .75 and .50 credit (20.00 and 20.50 total now)
GME Calls
Sold 1 GME 05/31/2024 41/36 Bear Call Spread at $0.22 Credit
Offsetting many Bull Put Spreads
F HE
#coveredcalls
#everylittlebithelps
Sto F 31 MAY 24 12.5 CALL @.02
Sto HE 31 MAY 24 11 CALL @.11
Small Trades
Sold 1 BMY 06/07/2024 43.5 Covered Call at $0.09
Sold 1 VFC 05/31/2024 13.5 Covered Call at $0.06
Sold VXX 05/31/2024 13.0 Covered Calls at $0.04
Sold 1 UPS 05/31/2024 133.0 Put at $0.12
#EveryLittleBitHelps
Expiration
#optionsexpiration
$VKTX 69 call
$AMD 180 call
$VKTX 63 put
SPX 0-dte 5/28/24
#SPX0dte Sold to Open $SPPX May 28th 5280/5310-5315/5345 condors for 12.05, IV 14.55%, at 8:28 ET
OptionsExpiration
Another active week
Expired:
BMY 46.5 Covered Call
BOIL 25/20.5 Bear Call Spread
BOIL 25/21.5 Bear Call Spread
CLF 19 Covered Call
CVS 58 Diagonal Call
CVS 60 Covered Call
CVS 61 Covered Call
GILD 68 Covered Call
GILD 69 Covered Call
GME 41/31 Bear Call Spread
GME 43/33 Bear Call Spread
GME 45/35 Bear Call Spread
GME 17.5/14 Bull Put Spread
GME 16.5/10 Bull Put Spread
NUE 170/162.5 Bull Put Spread
NVDA 800/805/1100/1105 Iron Condor
SBUX 82.0 Diagonal Call
SPY 521/524 Bull Put Spread
SNOW 130/135 Bull Put Spread
VFC 10 Put
VFC 15 Covered Call
VXX 12.5 Covered Calls
VXX 15/12 Bear Call Spreads
Assignments:
More than normal
SBUX 77.0 Covered Call
BMY 42.5 Put
BMY 42 Puts
CLF 18.5 Put
WBA 17 Puts
HE ARM MARA F
#assignment
HE 12 put prob be assignment today
—
#onlyspreads
ARM 92/95 PUT expired
—
#optionsexpiration
MARA 16 PUT expired
F 12.50 CALL expired
TQQQ, STO July 5, 55 puts at .80
TQQQ, STO July 19, 55 puts at 1.21
TQQQ,
,
My May 24, $45 puts will expire at zero today.
GME Puts and Calls
Rolled down 1 GME 05/24/2024 18.5 Put 1 GME 05/31/2024 16.0 Put at $0.12 Credit.
Sold 1 GME 05/31/2024 40/31 Bear Call Spread at $0.27 Credit
Sold 1 GME 05/31/2024 42/32 Bear Call Spread at $0.27 Credit
Sold 1 GME 05/31/2024 41/32 Bear Call Spread at $0.23 Credit
Earnings week of 5/27 – 5/31
BA GME SNOW SPX
#SyntheticCoveredCalls #SyntheticShortStock – A few.
BA: A small synthetic stock position.
Expiring: BA May 24 2024 180.0 Calls (sold for 2.90)
Sold BA MAY 31 2024 175.0 Calls @ 2.45
GME: A fun little trade that has turned into a pain.
Rolled GME May 24 2024 21.0 Puts to Jun 21 2024 17.5 Puts @ .17 credit
Sold GME May 24 2024 18.0 Puts @ .62 (to close)
New position: Jun 21st 17.5/10.0 Bull Put Spreads @ .48
SNOW: A small synthetic stock position
Rolled SNOW May 24 2024 155.0 Calls to May 31 2024 155.0 Calls @ 1.75 credit (8.30 total now)
SPX: Rolled too late yesterday and too early today. Still collecting premium every day though. Sold against synthetic short stock a few years out.
Rolled SPX May 24 2024 5310.0 Puts to May 28 2024 5305.0 Puts @ .75 credit (19.50 and 19.75 total now)
Economic Calendar 5/27 – 5/31
GDP report Thursday; Personal Consumption Expenditures (PCE) price index on Friday
BOIL Call Closed
Bought to close 1 BOIL 05/24/2024 24.0 Diagonal Call at $0.01
GME Puts Rolled / Calls Closed
Rolled 1 GME 05/24/2024 12/22.5 Bull Put Spread to 1 GME 05/31/2024 12.5/21.5 at $0.05 Credit
Rolled 1 long GME 05/24/2024 19.0 Put to 1 GME 06/07/2024 12.5 Put at $0.70 Credit
Rolled 1 short GME 05/24/2024 20.0 Put to 1 GME 05/31/2024 18.5 Put at $0.02 Credit
Bought to close 1 GME 47/37 Bear Call Spread at $0.01
CMG Iron Condor
Bought to close 1 CMG May 24 2024 3075/3100/3275/3300 Iron Condor at $.05 – Sold Monday at $5.17
Risk Reversal
#RiskReversal At the close yesterday, I felt that we’d had an outsized intraday countertrend move that wouldn’t follow through. I think we will remain at these levels or go higher at least until June 7th, when we get next monthly jobs report, followed by both a CPI report and Fed decision the following week.
So, at the close…
Sold to Open $SPX May 29th 5160/5140 puts spreads
Bought to Open May 29th 5360/5380 call spreads
Net CREDIT +0.15
SPX 0-dte 5/24/24
#SPX0dte Sold to Open $SPX May 24th 5210/5230-5320/5340 condors for 1.10, IV 18.04%, deltas -.07, +.07
Switching to a wide condor after yesterday’s move and economic data coming today.
SPY Expiration
1 SPY 536/533 Bear Call Spread
VIX
Until today’s move …
Market volatility (VIX) drops to its lowest level in 4 years
All of you that trade…
All of you that trade SPX have probably noticed this but since the advent of the daily expirations the market makers try to hold onto that time value until the last day/minutes. They also manipulate IV of the individual options. We watch it on the algo.
1 of my SPX butterflies is solidly under the tent and has huge profit potential. I have been in the trade 20 days but until today it was showing negative. 6k of that theta decay finally transferred today but there is still another 11k sitting there.
The way to force the time value in SPX is to hold into the close and force them to pay you the time value. Unfortunately since Schwab took over TOS they will not let me hold until the close. I get messages throughout the day saying if you do not close it their risk department will. Often at a market order.
Tastytrade allows me to do that as long as they can tell I am watching it. In an ideal world I have taken my profits long before this but occasionally have to carry one of these into expiration. But if you do watch the gamma, it can flip your profits to losses quickly.
Not an issue with stock or ETF options as you can just force exercise to keep all the time value. Only an issue in the indexes because you cannot really own the index other than through futures but with futures you can force exercise of the futures.
SPY Puts
Bought to open 1 SPY 05/29/2024 515.0 Put at $0.25.
Bought to close 1 SPY May 23 2024 523/526 Bull Put Spread at $0.68 (originally sold at $0.45).
Sold to open 1 SPY 05/28/2024 523.0 Put at $1.12.
All in all a successful rolldown.
SPX
#SyntheticShortStock – Could’ve gotten nearly 6 bucks for this roll this morning. You just never know. Rolling these out but not down to see if we bounce a little tomorrow.
Rolled SPX May 23 2024 5310.0 Puts to May 24 2024 5310.0 Puts @ 1.00 credit (18.75 total now)
SPY Calls and Puts
Rolled today’s SPY 537/529 Bear call spread to SPY 06/04/2024 536/530 Bear Call Spread at $0.02 Credit
The strong opening spooked me so I did an unnecessary rollup when I should have waited for it to expire
Then sold 1 SPY 05/23/2024 535.0 Call at $0.12 against an existing long position.
Finally, I extended my put Ladder:
Sold 1 SPY 05/28/2024 518/520 Bull Put Spread at $0.25 Credit.
SBUX Call
Rolled 1 SBUX 05/24/2024 78.0 Diagonal Call to SBUX 05/31/2024 79.0 Call at $0.17 Credit.
QDTE
#smallbuy
#dividends
#WEEKLYpayer
BOT QDTE @44.49
BOIL Diagonal Call
Bought 1 BOIL 06/21/2024 37.0 Call / Sold 1 BOIL 05/24/2024 24.0 Call at $0.26 Credit.
The June long position allows for multiple writes
SBUX
#MOVINGON
half of spread
BOT TO CLOSE/ SBUX 24 MAY 2024 78 PUT @.08
BITO
BOT BITO @27.64
SPX 0-dte 5/23/24
#SPX0dte May 23rd 5315/5345-5350/5380 condors for 15.25, IV 18.77%, at 8:46 ET
Options Bistro 