Sold 1 GRPN 03/15/2024 9/13.5 Bull Put Spread at $0.37 Credit
#Earnings
Recent Updates Page 56
FITB GPS FBTC Stocks
Sold tiny bits of these
Sold FITB at $37.01
Sold GPS at $22.08 and $23.09.
Sold FBTC at $64.01. Bought at $34.00.
Sold ADM at $57.77. Bought at $56.40
SPY Expiration
1 SPY 495/500 Bull Put Spread
1 SPY 524/518 Bear Call Spread
1 SPY 519 Diagonal Call
BA
#onlyspreads
#everylittlebithelps
tIP STO BA 22 MAR 2024 202.5/205 CALL @.10
SPX
#SyntheticShortStock – Another round.
Bought to Close SPX Mar 12 2024 5135.0 Puts @ .17 (sold for 13.75, 20.15, and 20.40)
Sold SPX Mar 13 2024 5150.0 Puts @ 7.05
BA put
Sold 1 BA 03/15/2024 165.0 Put at $0.13
Sold a LUV 03/15/2024 27. 0 put at $0.06.
Same theme
BA
#CoveredCalls – Fairly aggressive roll (again)
Rolled BA Mar 22 2024 192.5 Calls to Mar 22 2024 185.0 Calls @ 3.05 credit (11.95 total now)
TSLA Puts
Sold 1 TSLA 03/15/2024 152.5/162.5 Bull Put Spread at $0.28 Credit
SPX 0-dte 3/12/24
#SPX0dte At 6:33a, Sold to Open $SPX Mar 12th 5110/5140-5145/5175 condors for 17.40, IV 23.67%
20-winged test trade went for 13.85
CPI for February
Consumer prices rose 0.4% in February, as expected, and 3.2% from a year ago, vs expected 3.1%
IWM TQQQ SPY META
#onlyspreads
#everylittlebithelps
STO IWM 22 MAR 2024 194/193 PUT @.11
STO TQQQ 15 MAR 2024 51/48 PUT @.08
STO SPY 18 MAR 2024 488/484 PUT @.12
STO SPY 18 MAR 2024 489/485 PUT @.11
tIP STO META 15 MAR 2024 445/440 PUT @.16
Another Recap of 0DTE Trades
The link with charts and data is here:
https://optionalpha.com/blog/0dte-options-strategy-performance#:~:text=Top%20Performing%20Trades-,0DTE%20Options%3A,-Strategy%20Insights%20fromCharacteristics of Profitable 0DTE Traders
This research represents the activity and habits of the roughly 20% of Option Alpha 0DTE traders who have over 100 trades and are net profitable. 100 trades were chosen arbitrarily but should provide a “good enough” filter to represent a serious 0DTE trader.
The results provide an overview of the trading behaviors and performance of profitable traders for different strategy types, holding periods, and entry and exit conditions.
The research showed that three key variables led to better performance:
• Strategy type
• Entry & exit times
• Profit targets & stop losses
Neutral strategies
Neutral strategies were not only the most popular setups, they also had the best performance overall. Iron butterflies and iron condors comprised 78% of 0DTE positions and had win rates of 66.76% and 70.19%, respectively.
Entry & exit time of profitable trades
Most profitable trades were entered after the morning volatility and remained open for an average of approximately two hours. Broadly, consistently profitable traders opened positions at approximately 10:15 AM ET and closed shortly after 12:00 PM ET.
Line graph showing the entry time for all profitable 0DTE trades at Option Alpha.
Line graph showing the exit time for all profitable 0DTE trades at Option Alpha.
Optimizing profit targets and stop losses
Next, we wanted to determine what the most common exits were for both profitable and losing trades since the majority of these trades were not held until expiration.
The average percentage gain and loss for each strategy type highlights where successful traders are putting their profit-taking and stop losses.
The average gain and loss % for profitable 0DTE positions.
The data shows that targeting iron butterflies with small profit targets and stop losses led to successful trading based on the research. Profitable Option Alpha traders opened trades at 10:15 am EST on Mondays and Wednesdays and closed the position when it hit a profit of 15%, cut losses at -25%, or exited the trade at 12:00pm EST if neither exit criteria were met.
AAP Stock
Sold a tiny bit of AAP at 75.15. Bought last May at 73.50
SPY Expiration
1 SPY 495/500 Bull Put Spread
PFE
#BullPutSpreads – Taking the quickie on the bounce up to the 50 day.
Bought to Close PFE Aug 16 2024 30.0/25.0 Bull Put Spreads @ 2.45 (sold for 3.20)
TSLA
#SyntheticStock – Roll down into strength.
Rolled TSLA Mar 15 2024 195.0 Calls to Mar 15 2024 180.0 Calls @ 3.15 credit (6.40 total now)
BA
#CoveredCalls – Fairly aggressive roll.
Rolled BA Mar 15 2024 197.5 Calls @ to Mar 22 2024 192.5 Calls @ 3.40 credit (8.90 total now)
XBI
#ShortPuts – One add.
Sold XBI Apr 19 2024 89.0 Put @ 1.10
SPX
#SyntheticShortStock – A nice VIX pop and good IV tomorrow for CPI allows for a nice roll and credit.
Rolled SPX Mar 11 2024 5145.0 Puts to Mar 12 2024 5135.0 Puts @ 3.75 credit (13.75 and 20.40 total now)
SPY Puts
Sold 1 SPY 03/18/2024 490/495 Bull Put Spread at $0.29
ORCL KSS GRPN ARM AZO Puts
Sold 1 ORCL 03/15/2024 94/99 Bull Put Spread at $0.45
Sold 1 KSS 03/15/2024 19/23 Bull Put Spread at $0.31 Credit
Sold 1 GRPN 03/15/2024 9/14 Bull Put Spread at $0.42 Credit
#Earnings this week
Sold 1 ARM 03/15/2024 90/96 Bull Put Spread at $0.28 Credit
Sold 1 AZO 03/15/2024 2800/2850 Bull Put Spread at $0.53 (paired with the 3250/3200 Bear Call Spread sold last week)
NVDA Calls
Sold 1 NVDA 03/15/2024 1100/1070 Bear Call Spread at $0.60 Credit
VXX UVXY
Sold VXX 03/15/2024 19.00 Covered Calls at $0.06
Sold UVXY 03/15/2024 10.00 Covered Calls at $0.06
NVDY
#dividends
BOT NVDY @26.96
Earnings this week
SPX 0-dte 3/11/24
#SPX0dte Sold to Open $SPX Mar 11th 5070/5100-5105/5135 condors for 18.80, IV 23.39%
20-winged test at 14.50
This is high IV and high premium for a day with nothing major scheduled. $VIX is up as well. CPI report tomorrow morning.
Economic Calendar 3/11 – 3/15
CPI report on Tuesday morning
SPY Expiration
1 SPY 03/08/2024 516.0 Call
1 SPY 495/500 Bull Put Spread
ARM Put Roll
#shortputs
$ARM BTC 3/8 130 put and STO 3/15 125 put at added credit of $4.36
VXX Calls
Extending my BEAR Call Ladder in VXX
Sold VXX 04/05/2024 25/20 Bear Calls Spreads at $0.18
Lots of the VXX spreads are expiring today
CEG Puts
Sold 1 CEG 03/15/2024 160/165 Bull Put Spread at $0.53 Credit
SPY Diagonal Calls
0-DTE for the short side
Bought 1 SPY 03/11/2024 522 Call at $0.26 / Sold 1 SPY 03/08/2024 518 Call at $0.56 for a $0.30 Credit
After a bit more rally in SPY:
Bought 1 SPY 03/11/2024 523 Call at $0.28 / Sold to close 1 SPY 03/08/2024 519 Call at $0.58 for a $0.30 Credit
TQQQ,
These will expire at zero today.
51 puts at 1.59
45 putss at .77
SPX
#SyntheticShortStock – Added a 2029 position at 5200/5200/5600 yesterday. Didn’t get a chance to sell against it.
Sold SPX Mar 11 2024 5145.0 Put @ 10.00
Maybe a little early on these though.
Rolled SPX Mar 08 2024 5125.0 Puts to Mar 11 2024 5145.0 Puts @ 8.00 credit (16.65 total now)
AVGO Call Spread
Bought to Close 1 AVGO 03/08/2024 1730/1700 Bear Call Spread at $0.01.
Sold on Monday at $0.87
#Earnings
HE
#rolling
HE / MAR 8,2024 TO MAR 15, 2024 ,12 PUT @.17
FITB Stock
Sold a tiny bit of FITB at $36.75 ( a new high )
Bought almost a year ago at $22.15
#FormerFallingKnife
SPX 0dte 3/8/24
#SPX0dte Sold to Open $SPX Mar 8th 5140/5170-5175/5205 condors for 17.35, IV 22.1%
20-point-winged test trade was at 13.65
February Jobs Report
#Jobs — Gains exceed expectations again, but UE rises.
Gain of +275,000 non-farm payroll jobs, vs. expected gain of 198K
Unemployment up 0.2 to 3.9%, vs expected 3.7%
U6 unemployment 7.3%, up by 0.1
Labor force participation unchanged at 62.5%
Average hourly earnings up by 0.1%; 4.3% increase over the year
December jobs revised down by -43K to +290K
January jobs revised down by -124K to 229K
TQQQ,
STO September 53 puts at 5.51
TQQQ,
STO April 26, 55 puts at 1.80
Tesla Puts 1-dte
Sold 1 TSLA 03/08/2024 155/165 Bull Put Spread at $0.28 Credit
If TSLA keeps falling I will do another one next week
SPY Diagonal Calls
Bought 1 SPY 03/08/2024 519 Call / Sold 1 SPY 03/07/2024 514.0 Call at $0.48 Credit on the open.
With 30 minutes to go I may have to roll the short up for tomorrow
XEL Put Spread Covered
Bought to close XEL 03/15/2024 50/35 Bull Put Spread at $0.96
Originally Sold at $1.20 Credit
The stock is spending too much time below 50 for me to hold this another week.
Still short 45(as a spread), 40 and even 30 Puts for next Friday
SPX
#SyntheticShortStock – Another round.
Bought to Close SPX Mar 07 2024 5115.0 Put @ .65 (sold for 19.80)
Bought to Close SPX Mar 07 2024 5120.0 Put @ .85 (sold for 16.25)
Sold SPX Mar 08 2024 5125.0 Puts @ 8.65
SPX 0-dte 3/7/24
#SPX0dte Sold to Open $SPX Mar 7th 5095/5125-5130/5160 condors for 16.90, IV 19.87%
20-pt winged test trade selling for 13.40
ADM Covered Call Roll
Rolled this week’s ADM 57 Covered Call to the ADM 03/22/2024 57.0 Call at $0.57 Credit
SPY Expiration
1 SPY 03/06/2024 518/523 Bear Call Spread
Last Calls for a while
I rolled any in-the-money SPY calls out past the expected ex-dividend date of 03-15-2024
SPX
#SyntheticShortStock – Straight rolls again today.
Rolled SPX Mar 06 2024 5115.0 Put to Mar 07 2024 5115.0 Put @ 8.00 credit (19.80 total now)
Rolled SPX Mar 06 2024 5120.0 Put to Mar 07 2024 5120.0 Put @ 7.00 credit (16.25 total now)
TQQQ,
Yesterday, I sold my call option position in the April 19 calls for a 20% loss of my profits but am still up for the year. I am still short all of the put options and expect them to be good trades.
SPX 0-DTE #tastytrade another video…
SPX 0-DTE
#tastytrade
another video I believe to be interesting
SPX 0-dte 3/6/24
#SPX0dte Sold to Open $SPX 5075/5105-5110/5140 condors for 17.30.
Internet issues delayed me… when I first entered this it was going for 18.00. Very irritating.
This is a touchy day… Market is trending higher, and Powell will testify before Congress starting at 10am. We also have JOLT jobs report coming. Going for 10% only.
SPY Expiration
1 SPY 495/506 Bull Put Spread
SPX
#SyntheticShortStock – Straight rolls today.
Rolled SPX Mar 05 2024 5115.0 Put to Mar 06 2024 5115.0 Put @ 4.00 credit (11.80 total now)
Rolled SPX Mar 05 2024 5120.0 Put to Mar 06 2024 5120.0 Put @ 3.25 credit (9.25 total now)
PFE
#BullPutSpreads – Added to yesterday.
Sold PFE Aug 16 2024 30.0/25.0 Bull Put Spreads @ 3.10 (3.30 yesterday)
CEG Calls
Sold 1 CEG 03/15/2024 210/200 Bear Call Spread at $0.60 Credit
VXX Calls
Sold VXX 03/22/2024 22/17.5 Bear Call Spreads at $0.14
Sold VXX 03/28/2024 22/18 Bear Call Spreads at $0.15
SPY Puts
Got very aggressive ( for me )
Sold 1 SPY 03/08/2024 495/500 Bull Put Spread at $0.27 Credit
Sold 1 SPY 03/11/2024 495/500 Bull Put Spread at $0.37 Credit
Sold 1 SPY 03/12/2024 495/500 Bull Put Spread at $0.47 Credit
Then on the next leg down:
Sold 1 SPY 03/13/2024 490/495 Bull Put Spread at $0.27 Credit
Sold 1 SPY 03/14/2024 490/495 Bull Put Spread at $0.33 Credit
Sold 1 SPY 03/15/2024 490/495 Bull Put Spread at $0.42 Credit
Some of these are paired with SPY Bear Call spreads I sold last week.
WHR WBA UPS BIIB CRM Puts
Sold 1 WHR 03/08/2024 98/103 Bull Put Spread at $0.33 Credit
Sold 1 WBA 03/08/2024 18/20 Bull Put Spread at $0.16 Credit
Sold 1 UPS 03/15/2024 139/143 Bull Put Spread at $0.17 Credit
Sold 1 BIIB 03/08/2024 207.5/212.5 Bull Put Spread at $0.53 Credit
Sold 1 CRM 03/08/2024 280/285 Bull Put Spread at $0.27
XBI
#ShortPuts – Just a little starter to maybe build off of.
Sold XBI Apr 19 2024 90.0 Puts @ 1.20
SPX 0-dte 3/5/24
#SPX0dte Sold to Open $SPX Mar 5th 5080/5110-5115/5145 condors for 15.00, IV 16.64%
SPX 0DTE
#spx0dte
At the open 9:40 execution
$SPX STO 3/4 5115/5135/5135/5155 Iron Fly at 12
I was out all day so immediately set a BTC order before leaving for the day
It was executed at 11:41
$SPX BTC 3/4 5115/5135/5135/5155 Iron Fly at 9.80
18% of max profit achieved.
SPY Expiration
1 SPY 03/04/2024 500 Put
1 SPY 03/04/2024 518/514 Bear Call Spread
SMCI
In case you missed it, another 200 points to another new high
Looking for spread candidates but so far no trades
SPY Diagonal Call
Bought 1 SPY 03/07/2024 523 Call / Sold 1 SPY 03/06/2024 518 Call at $0.33 Credit
Late day ramp in SPY yet again.
SPX
#SyntheticShortStock – Another round. Difference is once again the horrible Fidelity software. Mobile app locked up and by the time I got it going again market had moved.
Bought to Close SPX Mar 04 2024 5095.0 Put @ .60 (sold for 7.85)
Bought to Close SPX Mar 04 2024 5095.0 Put @ .25 (sold for 6.25)
Sold SPX Mar 05 2024 5115.0 Put @ 7.80
Sold SPX Mar 05 2024 5120.0 Put @ 6.00
Alternative to TOS paper account?
It looks like TOS is canceling paper accounts. It started about a month ago and now even my oldest paper account was closed today. New paper accounts are not available.
Is there a decent alternative to TOS paper account with similar functionality?
UPS NEM CEG Calls
Sold 1 UPS 03/08/2024 160/155 Bear Call Spread at $0.33 Credit
Sold 1 NEM 03/08/2024 36/34 Bear Call Spread at $0.17 Credit
Sold 1 CEG 03/15/2024 190/185 Bear Call Spread at $0.58 Credit
Bitcoin ETF
Sold the last tiny lot of IBIT at $38.01
Bought at $23.00
HUM CHTR Puts
Sold 1 HUM 03/08/2024 317.5/327.5 Bull Put Spread at $0.43 Credit
Sold 1 CHTR 03/08/2024 250/260 Bull Put Spread at $0.43 Credit
NTAP Calls
Sold 1 NTAP 03/08/2024 120/113 Bear Call Spread at $0.27
SPY Call
Sold 1 SPY 03/04/202024 514.0 Call at $0.23
AVGO Calls
Sold 1 AVGO 03/08/2024 1730/1700 Bear Call Spread at $0.87 Credit
Broadcom set a new all time high today at 1410
#Earnings Thursday and at this moment the at-the-money Mar 8 2023 1410 Call is trading at 60 while the put is trading at 66.
Would make a tempting strangle for someone with more cash than I have.
SPX 0-dte 3/4/24
#SPX0dte Sold to Open $SPX Mar 4th 5095/5125-5130/5160 condors for 12.70, IV 14.57%
That’s lowest premium I’ve seen yet, I guess because IV is low and no economic events today, other than FOMC member Harker speaking at 11am ET.
Earnings 3/4 – 3/8
Options Bistro 