SOLD OIH 13 SEP 24 255/250 PUT @.27
SOLD IWM 13 SEP 24 203/199 PUT @.45
SOLD GOOGL 13 SEP 24 144/140 PUT @.27
SOLD SOXL 13 SEP 24 27 PUT @1.30
#coveredcalls
SOLD SOXL 13 SEP 24 31 CALL @.35
Recent Updates Page 57
SPY for tomorrow
Sold 1 SPY 09/11/2024 556 Call at $0.33
Sold 1 SPY 09/11/2024 538 Put at $0.17
SPY Expiration
Another rare good day when I didn’t have to roll anything 🙂
1 SPY 510/530 Bull Put Spread
1 SPY 525/540 Bull Put Spread
1 SPY 525/542 Bull Put Spread
1 SPY 546 Diagonal Put
1 SPY 559/552 Bear Call Spread
1 SPY 556/552 Bear Call Spread
GLD UPS TQQQ Calls
Sold 1 GLD 09/13/2024 240/235 Bear Call spread at $0.46 Credit
Bought 1 UPS 09/20/2024 141 Call and Sold 1 UPS 09/13/2024 132 Call at $0.25 Diagonal Credit
Sold 1 TQQQ 09/20/2024 71.0 Covered Call at $0.14
XLU
Another small one just to mess around with. Synthetic short stock with a long disaster call. Whole thing for a credit with the weekly sale against.
XLU Dec 18 2026 75/75/95 @ .05 debit.
And:
Sold XLU Sep 20 2024 75.0 Puts @ .26
SPY Puts
Bought 1 SPY 09/11/2024 528 Put and sold 1 SPY 09/10/2024 540 Put at $$0.18 Diagonal Credit
TQQQ VXX AMZN Calls
Sold 1 TQQQ 09/13/2024 67.5/64 Bear Call Spread at $0.33 Credit
Sold 1 VXX 09/13/2024 75/57 Bear Call Spread at $0.71 Credit
Bought 1 AMZN 09/20/2024 195 Call at $0.14 and Sold 1 AMZN 09/13/2024 185 Call at $0.28 for a $0.14 Diagonal Credit
MOS SLB EL HAL Stocks
Tiny Buys
MOS at $25.00
SLB at $40.00
EL at $85.00
HAL at $28.00
All new lows
#FallingKnife
SPY Diagonal Iron Condor
Bought 1 SPY 09/11/2024 560 Call at $0.06 and 1 SPY 09/11/2024 532 Put at $0.09.
Sold 1 SPY 09/10/2024 552 Call at $0.30 and 1 SPY 09/10/2024 542 Put at $0.26
SPY HES BBY
Tuesday spreads:
Sold 1 SPY 09/11/2024 560/556 Bear Call Spread at $0.28 Credit
Sold 1 SPY 09/12/2024 563/557 Bear Call Spread at $0.44 Credit
Sold 1 SPY 09/13/2024 565/557 Bear Call Spread at $0.78 Credit
#CallLadder
Sold 1 HES 09/13/2024 120/125 Bull Put Spread at $0.38 Credit
Sold 1 HES 09/13/2024 120/124 Bull Put Spread at $0.35 Credit
Sold 1 HES 09/13/2024 118/123 Bull Put Spread at $0.44 Credit
Sold 1 BBY 09/13/2024 88/93 Bull Put Spread at $0.17 Credit
Sold 1 BBY 09/13/2024 108/100 Bear Call Spread at $0.24 Credit
Sold 1 APA 09/13/2024 20/23 Bull Put Spread at $0.14 Credit
SPX 0-dte trades for 9/10/24
#SPX0dte Sold to Open $SPX Sept 10th 5380/5400-5535/5555 condors for 1.40, IV 25.66%, deltas -.06 +.06
SPY Expiration
1 SPY 500/535 Bull Put Spread
1 SPY 525/535 Bull Put Spread
1 SPY 528/539 Bull Put Spread
1 SPY 530/538 Bull Put Spread
1 SPY 531/539 Bull Put Spread
1 SPY 566/549 Bear Call Spread
1 SPY 553/549 Bear Call Spread
Finally, got a bunch of these right 🙂
DLTR NUGT TQQQ Calls
Monday’s spreads
Sold 1 DLTR 09/13/2024 76/72 Bear Call Spread at $0.24 Credit
Sold 1 NUGT 09/13/2024 50/46 Bear Call Spread at $0.24 Credit
Sold 1 TQQQ 09/13/2024 67.5/63 Bear Call Spread at $0.29 Credit
TQQQ Call
Sold 1 TQQQ 09/13/2024 61.0 Covered Call at $1.12. Sold against stock put to me Friday at $57.00
SPX 0-dte trades for 9/9/24
#SPX0dte Sold to Open $SPX Sept 9th 5320/5340-5505/5525 condors for 1.40, IV 30.91%, deltas -.06 +.06
Earnings 9/9 – 9/13
Economic Calendar 9/9 – 9/13
CPI Wednesday, Bond Auction Thursday
Options Expiration
WOW. Big move on expiration day. But I survived unscathed … mostly
Here is what I had left after covering and rollouts;
Expired:
BOIL 7.5 Put
DG 75 Put
DLTR 65 Put
DLTR 60 Put
MU 85 Put
SLB 40.5 Put
SOXL 23 Put
AMZN 187.5/180 Bear Call Spread
AMZN 182.5 Diagonal Call
BA 145/150 Bull Put Spread
BBY 103 Diagonal Call
DOCU 48/52 Bull Put Spread
GLD 220/227/235/240 Iron Condor
GTLB 36/39 Bull Put Spread
MU 79/84 Bull Put Spread
SOXL 54/44 Bear Call Spread
SPY 515 Diagonal Put
SPY 530/535 Bull Put Spread
SPY 556 Diagonal Call
SPY 562/553 Bear Call Spread
SPY 570/547 Bear Call Spread – a huge winner on a position rolled many times
TQQQ 80/75 Bear Call Spread
TZA 12/14 Bull Put Spread
UPS 118/126 Bull Put Spread
VFC 21/18 Bear Call Spread
VFC 18.5 Diagonal Call
VXX 40/44 Bull Put Spread
VXX 43.5 Diagonal Put
VXX 74/63 Bear Call Spread
VXX 72/60 Bear Call Spread
VXX 80/70 Bear Call Spread
BOIL 10.5 Covered Call
CLF 15.5 Covered Calls
CVS 64 Covered Call
FCX 45 Covered Call
SOXL 37.5 Covered Call
SOXL 43.5 Covered Call
TQQQ 71 Covered Call
Assignments:
This is a week when not all the 99% puts work
1 TQQQ 57.0 Put – in the money by only $0.01 – I tried to cover but not worried
1 SOXL 28.0 Put – will start a call writing program next week
TQQQ SPY last minute rolls
I was hoping for a rebound that never happened
Bought to close 1 TQQQ 52/57 Bull Put Spread at $0.15 – Sold Tues at $0.20
Sold 1 TQQQ 09/13/2024 50/56 Bull Put Spread at $1.45 Credit to replace it.
Bought to close 1 SPY 523/540 Bull Put Spread at $0.55
Sold 1 SPY 09/09/2024 527/538 Bull Put Spread at $1.59 Credit to replace it.
Bought to close 1 SPY 539 Diagonal Put at $0.27.
Sold 1 SPY 09/09/2024 535 Put at $0.82 to replace it
Bought to close 1 SPY 525/541 Bull Put Spread at $0.49
Sold 1 SPY 09/09/2024 525/539 Bull Put Spread at $1.47 Credit to replace it.
Cannot get decent fills on…
Cannot get decent fills on SPX so I am taking a chance on a bottom here and try again to close the butterflies next week. Still have 14 DTE left. If it doesn’t work out I can go flat next week by converting my BWB to a BWIC (broken wing iron condor). It does not confirm profits but lowers the risk.
The prices are $4.05 wide on the bid-ask. No point in losing money because the market maker prices suck right now.
AAP BEN CTRA CVX OXY Stock
Tiny Buys at new lows:
AAP at $40.00
BEN at $19.30
CTRA at $23.00
CVX at $139.00
OXY at $53.00
#FallingKnife
Market tagged the third and…
Market tagged the third and final pivot point almost to the tick. Hopefully that is the bottom and now I can do some damage control.
VXX
Iceman gave me the idea with his VXX call spreads. Just a small one to mess around with. Synthetic short stock with a long disaster call.
VXX Jan 16 2026 55/55/85 @ 16.00 debit.
And:
Sold VXX Sep 13 2024 55.0 Put @ 2.95
VXX Call Rollup
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
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
