Not waiting for the time premium to fade away for this week
Rolled 1 VXX 79/57 Bear Call Spread to next week’s VXX 80/60 Bear Call Spread at $0.87 Credit
Slightly smaller margin requirement
Recent Updates Page 54
Spot Gamma
Wouldn’t accept my copy/paste. I’ll try the link. Pretty much nailed the downside risk.
https://tinyurl.com/57zp9z3j
AMZN Calls
Bought to close 1 AMZN 187.5/177.5 Bear Call Spread at $0.02
Sold earlier in the week at $1.92 Credit
#ReleasingMargin
SPY
Starting to see some nice premium below the 200 day now.
Sold SPY Oct 18 2024 500.0 Put @ 3.50
Sold SPY Oct 18 2024 490.0 Put @ 3.00
Hopefully the bottom is in…
Hopefully the bottom is in for the day, hate adjusting positions at the lowest point because then always get the whipsaw.
SPY Put
Sold 1 SPY 09/06/2024 541.0 Put at $0.36
Expires today
SPX 0-dte trades for 9/6
#SPX0dte Sold to Open $SPX Sept 6th 5385/5405-5585/5605 condors for 1.55, IV 35.83%, deltas -.06 +.06
August Jobs Report
#Jobs — Close to expectations, with drop in UE
Gain of +142,000 non-farm payroll jobs, vs. expected gain of 161K
Unemployment down 0.1% to 4.2%, as expected
U6 unemployment 7.9%, up by 0.1
Labor force participation unchanged at 62.7%
Average hourly earnings up by 0.4%; +3.8% Y/Y
June jobs revised down by -61K to +118K
July jobs revised down by -25K to +89K
SPY Expiration
All expired:
1 SPY 533/543 Bull Put Spread
1 SPY 534/544 Bull Put Spread
1 SPY 535/544 Bull Put Spread
1 SPY 535/545 Bull Put Spread
1 SPY 535/546 Bull Put Spread
Knowing that I sold 1 SPY 09/06/2024 540.0 Put at $0.41 two minutes before the close
#1DTE
SPY Iron Condor 1DTE
Sold 1 SPY 09/06/2024 538/547/553/562 Iron Condor at $3.12 Credit
SPY is at 550, right in the center
SLB HES HAL stock
Tiny buys
SLB at $41.00
HES at $130.00 and at $129.00
HAL at $29.00
#FallingKnife
SPY Put
Added one more
Sold 1 SPY 09/05/2024 546.0 Put at $0.30 – expires today
GLD VXX Calls, SPY Put
Sold 1 GLD 09/06/2024 240/235 Bear Call Spread at $0.46 Credit
Sold 1 VXX 09/06/2024 72/63 Bear Call Spread at $0.28 Credit
Sold 1 SPY 09/05/2024 544.0 Put at $0.26 – expires today
SPX 0-dte trades for 9/5
#SPX0dte Sold to Open $SPX Sep 5th 5410/5430-5585/5605 condors for 1.35, IV 29.35%, deltas -.06 +.06
GLD Expiration
Almost forgot this one:
1 GLD 225/229 Bull Put Spread
1 GLD 227 Diagonal Put
NVDA put ladder
Sold to open:
$NVDA Oct 4 90 put @ 1.44
$NVDA Oct 18 86 put @ 1.49
Strikes are below the swoon on August 5.
SPY Expiration
1 SPY 543/545 Bull Put Spread
1 SPY 541/546 Bull Put Spread
1 SPY 546 Diagonal Put
APA WBA stock
Tiny Buys
APA at $26.00
WBA at $8.75
#FallingKnife
SPY Puts
Sold 1 SPY 09/05/2024 533/543 Bull Put Spread at $0.36 Credit
SPY Calls
Rolling 1 SPY Bear Call Spread out past the SPY September ex-dividend date.
Closed the SPY 09/06/2024 576/530 Bear Call Spread and sold 1 SPY 10/11/2024 576/535 Bear Call Spread ay $0.07 Credit.
Lowered the carry cost of the position $500
TQQQ,
STO October 18, $45 puts at 1.01
SLB Put
Sold 1 SLB 09/06/2024 40.5 Put at $0.09
#Tiny99PercentPuts
VXX Long term Puts
Bought VXX Jan 17 2025 24.0 Puts at $0.10.
135 days to expiration
#VXXContango
AVGO Puts
Sold 1 AVGO 130/139 Bull Put Spread at $0.46 Credit
#Earnings tomorrow
DLTR Puts
Sold 1 DLTR 09/06/2024 60.0 Put at $0.26
#Tiny99PercentPuts
Rolled the long put of my Bull Put spread out a week
Sold to close 1 DLTR 09/06/2024 65.0 Put at $2.22.
Replaced it with 1 DLTR 09/13/2024 55.0 Put at $0.18
#DamageControl
SPY Puts
Sold to close 1 SPY 09/04/2024 543.0 Put at $0.23 to avoid a total loss from expiration today
Replaced it with 1 long SPY 09/05/2024 535.0 Put at $0.21 for a $0.02 Credit on the roll.
Sold 1 SPY 09/05/2024 544.0 Put at $1.01 against the new long position
SPX 0-dte trades for 9/4
#SPX0dte Sold to Open $SPX 5400/5420-5585/5605 condors for 1.35, IV 31.50%, deltas -.06 +.06
JOLT numbers released at 10am could throw a monkey in my wrench but I’m getting a decent width here so going with typical 6-delta sale.
Downside Warning in effect
#VIXindicator The high $VIX close on Tuesday signals a likelihood of lower indexes in the coming days or weeks.
SPY after the close
Sold 1 SPY 09/04/2024 546 Put at $0.33 – adding to my position
SPY Expiration
1 SPY 547 Diagonal Put – Sold on 08/28 at $0.48
SPY
And finally.
Sold SPY Sep 27 2024 525.0 Put @ 3.33
SPY
One more.
Sold SPY Oct 4 2024 525.0 Put @ 3.50
UVXY call spread
Sold to open $UVXY Sep 20 30/40 bear call spread @ 1.40
On the last leg down
For this week:
Sold 1 TQQQ 52/57 Bull Put Spread at $0.20 Credit
Sold 1 BA 145/150 Bull Put Spread at $0.24 Credit
Sold 1 VXX 80/70 Bear Call Spread at $0.32 Credit
For Next Week:
Sold 1 VXX Sep 13 2024 80/70 Bear Call Spread at $0.42 Credit
SPY
Selling near the 200 day.
Sold SPY Oct 11 2024 525.0 Put @ 4.00
Sold SPY Oct 18 2024 515.0 Put @ 3.60
Upside Warning canceled
#VIXindicator $VIX above 18.74… if we close above it we will be in Downside Warning.
This Upside Warning lasted three weeks and at the high last Monday was good for +217.19 on $SPX, or about +4%.
TQQQ,
BTC September 6, $60 puts at .81, sold at 1.16 because it was getting too close.
HAL SLB
Tiny Buys
HAL at $30.00
SLB at $42.00
#FallingKnife
TLT
Bought to Close TLT Sep 13 2024 93.5 Puts @ .09 (sold for .98)
Spreads for this week
Sold 1 GTLB 36/39 Bull Put Spread at $0.26 Credit
Sold 1 AVGO 134/143 Bull Put Spread at $0.47 Credit
Sold 1 DOCU 48/52 Bull Put Spread at $0.24 Credit
Sold 1 DLTR 65/72 Bull Put Spread at $0.68 Credit
Sold 1 VXX 79/57 Bear Call Spread at $0.27 Credit
Sold 1 VXX 74/60 Bear Call Spread at $0.28 Credit
Sold 1 MU 79/84 Bull Put Spread at $0.24 Credit
TQQQ, STO October 11, $50…
TQQQ, STO October 11, $50 puts at 1.09
Tiny Puts for this week
Sold 1 DG 75.0 Put at $0.06
Sold 1 BOIL 7.5 Put at $0.07
Sold 1 SOXL 28.0 Put at $0.08
Sold 1 TQQQ 57.0 Put at $0.10
Sold 1 DLTR 65.0 Put at $0.24
Sold 1 MU 85.0 Put at $0.31
GDXY QQQY JEPY IWMY SPYT SGOV BIL
#smallbuy
#dividends
BOT GDXY @18.27
BOT QQQY @36.12
BOT JEPY @43.41
BOT IWMY @36.50
BOT SPYT @19.48
—
#parkingcash
#iratrades
#dividends
BOT SGOV @100.34
BOT BIL @91.45
#rolling
SOLD CALENDAR MARA 13 SEP 2024/6 SEP 2024 18 PUT @.23
CBOE extends pre-market SPX trading
Effective last week (I didn’t notice until this morning), SPX has only a 5-minute pause between pre-market and trading and the open. So you can trade pre-market until 9:25am ET.
SPX 0-dte for 9/3
#SPX0dte Sold to Open $SPX Sept 3rd 5540/5560-5685/5705 condors for 1.15, IV 22.11%, deltas -.06 +.05
Earnings 9/2 – 9/6
Economic Calendar 9/2 – 9/6
ISM, JOLT, PMI, August Jobs report
OptionsExpiration
What is left after closeouts and rollouts:
Expired:
BBWI 28 Put
BOIL 8 Put
BOIL 7.5 Put
DG 80 Put
LABU 115 Put
MU 80 Put
SOXL 21 Put
SQQQ 7.5 Put
TQQQ 56 Put
TZA 12.5 Put
WBA 9 Puts
#Tiny99PercentPuts
ADSK 295/285 Bear Call Spread
BBWI 45/41 Bear Call Spread
BBY 105 Diagonal Call
BOIL 13.5 Covered Call
BOIL 10.5 Covered Call
CHWY 35/31 Bear Call Spread
CVS 64 Covered Call
FCX 46.5 Covered Call
FCX 48.5/46.5 Bear Call Spread
GAP 29/27 Bear Call Spread
GLD 242.5/237.5 Bear Call Spread
NUGT 46/47 Bull Put Spread
SOXL 53 Covered Call
SOXL 55/41 Bear Call Spread
SPY 552 Diagonal Put
SPY 543/548 Bull Put Spread
TQQQ 55/62.5 Bull Put Spread
TQQQ 83/71 Bear Call Spread
TQQQ 86.5/74 Bear Call Spread
TQQQ 87/77 Bear Call Spread
UPS 120/126 Bull Put Spread
VFC 22.5/18.5 Bear Call Spread
VXX 35/44.5 Bull Put Spread
VXX 40/44 Bull Put Spread
VXX 56/51 Bear Call Spread
VXX 67/57 Bear Call Spread
VXX 80/60 Bear Call Spread
WBA 10.5 Covered Calls
#EveryLittleBitHelps
TQQQ, STO October 4, $55…
TQQQ, STO October 4, $55 puts at 1.01
TQQQ
My August 30, $55 puts will expire at zero today.Sold at .66 cents
Just FYI, now that Schwab…
Just FYI, now that Schwab is gradually destroying TOS I have had 4 phone calls this morning saying I need to close my SPX positions by 2 pm or they will do it for me.
Whatever happened to cash settled. I actually want them to expire because they are winning trades and I want all the time value.
Bummer but be aware!
GLD NUGT AMZN SOXL VXX
A busy opening
Sold 1 GLD 09/04/2024 225/229 Bull Put Spread at $0.27 Credit – expires Weds
Sold 1 NUGT 08/30/2024 46/47 Bull Put Spread at $0.15 Credit – expires today
Sold 1 NUGT 09/06/2024 39/43.5 Bull Put Spread at $0.24 Credit
Dan Fitz and Carter Worth both put out bullish videos on Gold and the miners
Sold 1 AMZN 09/06/2024 187.5/180 Bear Call Spread at $0.37 Credit
Sold 1 SOXL 09/06/2024 44.0 Covered Call at $0.50
Bought 1 VXX Jan 17 2025 26.0 Put / Sold 1 VXX 09/06/2024 43.5 Put at $0.24 Credit
SPX 0-dte for 8/30/24
#SPX0dte Sold to Open $SPX Aug 30th 5525/5545-5670/5690 condors for 1.05, IV 22.49%, deltas -.06 +.05
MU DG late reports
Sold 1 MU Aug 30 2024 80 Put at $0.08
Sold 1 DG Aug 30 2024 80 Put at $0.17
#Tiny99PercentPuts
SPY Expiration
1 SPY 08/29/2024 544/549 Bull Put Spread – sold Monday at $0.24
SPY Puts
An aggressive diagonal for tomorrow
Bought 1 SPY 09/03/2024 530 Put/Sold 1 SPY 08/30/2024 552 Put at $0.28 Credit.
At least I have 1 SPY Put ladder position expiring today
AMZN
Sold 1 AMZN 08/30/2024 177.5/175 Bear Call Spread at $0.13 Credit
#EveryLittleBitHelps
more than 5x times failed at highs…lower highs, lower lows….
Why the drop?
If anyone knows why this late day drop happened please reply. I’m guessing it was bond auction but don’t know where to find the info.
CRWD BUPS Close
NVDL Put Close
#shortputs
$NVDL BTC 8/30 60 put at 1.35. STO at 3.93
DG BBY
Retailers moving in opposite directions
Sold 1 DG 08/30/2024 80/85 Bull Put Spread at $0.30 Credit
Bought 1 BBY 09/13/2024 115 Call / Sold 1 BBY 08/30/2024 102 Call at $0.44 Credit
Bought 1 BBY 09/06/2024 110 Call / Sold 1 BBY 08/30/2024 105 Call at $0.14 Credit
NVDQ CRWD HPQ spreads closed
Bought to close 1 NVDA 08/30/2024 165/155 Bear Call Spread at $0.01
Bought to close 1 CRWD 08/30/2024 210/220 Bull Put Spread at $0.01
Bought to close 1 HPQ 08/30/2024 27.5/32.5 Bull Put Spread at $0.01
#ReleasingMargin
SPX 0-dte for 8/29/24
#SPX0dte Sold to Open $SPX 5510/5530-5670/5690 condors for 1.10, IV 26.10%, deltas -.06 +.04
SPY GLD Expiration
1 SPY 08/28/2024 545/550 Bull Put Spread – Sold on Monday at $0.17
1 GLD 08/28/2024 240/235 Bear Call Spread – Sold on Friday at $0.48
CLM MSTY
#smallbuy
#dividends
BOT CLM @7.49
BOT MSTY @23.44
TQQQ VXX on a slight market bounce
Sold 1 TQQQ 09/06/2024 80/75 Bear Call Spread at $0.30 Credit
Sold 1 VXX 09/06/2024 40/44 Bull Put Spread at $0.58 Credit
Markets
Some serious drops today
SMCI down 21%
ANF down 19%
FL down 11%
Closing CRWD before earnings
Bought to close $CRWD 8/30 240/230 bull put spread @ 1.88 for a minimal loss (sold for 1.78 in July).
VXX Calls – SPY Puts
The market pullback must be getting serious
Sold 1 VXX 08/30/2024 56/51 Bear Call Spread at $0.29 Credit
Sold 1 SPY 09/09/2024 525/535 Bull Put Spread at $0.40 Credit
SNOW
Early assignment from an earnings iron fly lottery ticket. Goal is to get out at even now.
Rolled 114 covered call down to 110 @ 1.75 credit for this Friday. Basis 110.10 now. Close enough I’d probably let it go there.
SPX update
Haven’t really mentioned it in awhile. Still have all 5 positions and short puts currently sitting at Oct monthly 5570 strike. Since they are just out of the money and nearing the sweet spot for theta the 5 positions are overall running 388 per day theta. That will decrease as we get closer to expiration.
Really no hurry to roll these in and up yet since overall they are net 92 long deltas. If the market rallies or time passes where they get to neutral or negative deltas then I might consider the roll. For now really happy with the overall setup. Bigly profitable YTD so just watching time pass for now.
NVDA
Been bored so couldn’t help myself. This should be the KOD for NVDA. LOL Little early on these.
Sold NVDA Sep 20 2024 115.0 Put @ 3.95
Sold NVDA Sep 20 2024 110.0 Put @ 2.65
Sold NVDA Sep 20 2024 105.0 Put @ 1.78
CRWD SPY Puts
Sold 1 CRWD 08/30/2024 200/210 Bull Put Spread at $0.24 Credit
Sold SPY 09/03/2024 542/547 Bull Put Spread at $0.29 Credit
Sold SPY 09/04/2024 541/546 Bull Put Spread at $0.29 Credit
Sold SPY 09/05/2024 535/545 Bull Put Spread at $0.60 Credit
Sold SPY 09/06/2024 525/535 Bull Put Spread at $0.30 Credit
Extending my #SPYLadder
GAP VFC Calls
Sold 1 GAP 08/30/2024 29/27 Bear Call Spread at $0.22 Credit
Sold 1 VFC 08/30/2024 18.5 Call at $0.15
Sold this against a leftover call from last week
#DoubleDip
SPX 0-dte for 8/28/24
#SPX0dte Sold to Open $SPX Aug 28th 5555/5575-5665/5685 condors for 1.10, IV 17.56%, deltas -.06 +.06
Options Bistro 