#onlyspreads
SOLD SPX 5 SEP 2025 6255/6250 PUT @.25
SOLD SPX 5 SEP 2025 6245/6240 PUT @.20
Recent Updates Page 7
ETHU
#shortputs
SOLD ETHU 5 SEP 2025 86/85 PUT @.10
#alittlebitisbetterthannada
SPX
Rolling partial. Sitting on a few more for awhile.
Rolled SPX Aug 29 2025 6455.0 Puts to Sep 2 2025 6455.0 Puts @ 9.50 credit (14.80 total now)
SPX
Throwing one out there for next Friday outside the expected move.
Sold SPX Sep 05 2025 6350.0 Put @ 13.50
SOXL
#shortputs
should expire today
SOLD SOXL 29 AUG 2025 25 PUT @.06
TZA Calls
Sold TZA 09/05/2025 10.0 Covered Calls at $0.05
#EveryLittleBitHelps
HRL
Early assignment on 1 HRL 27.0 Put overnight, so sold 1 HRL 09/05/2025 28.0 Covered Call at $0.05
#EveryLittleBitHelps
TQQQ Puts
Closed 1 TQQQ 08/29/2025 76/81 Bull Put Spread at $0.01 to release a bit of margin
SPX,
STO September 2, 6475 puts at 13.60
STO September 2, 6480 puts at 14.42
I expect the 6450 puts will expire at zero today.
SPX
Giving Mr. Market something to look at.
Sold SPX Aug 29 2025 6475.0 Put @ 5.70
Thursday trades
Sold a bit of APA at $23.01
#FormerFallingKnife
Re-started a tiny CLX position at $117.00
(former CLX buys in June at $120.14 and $119 were exited last month at $130.15 and 132.22)
Added a tiny bit of GIS at $48.30
Started a tiny position in HRL at $24.00
#SP500 #FallingKnife
Sold 1 CE Sep 19 2025 55 Covered Call at $0.35
#CoveredCall
Sold 1 HRL 08/29/2025 22.5 Put at $0.05
#1DTE #EveryLittleBitHelps
SPX
A fresh coat of paint on a couple of the rental houses.
Rolled Jan 2029 6000 long put up to Jan 2029 6300 put
Rolled Jan 2029 6000/6400 BeCS to Jan 2029 6300/6700 Becs
Net debit for the whole thing: 86.40 per house
EDIT: Great fill right at the mid price on both.
SPX
Thank you NVDA for driving up premium!
Bought to Close SPX Aug 28 2025 6440.0 Puts @ .30 (sold for 11.50)
Bought to Close SPX Aug 28 2025 6450.0 Put @ .25 (sold for 14.60)
Sold SPX Aug 29 2025 6455.0 Puts @ 5.30
SPX,
STO August 29, 6450 puts at 9.10, I think the August 28, 6435 puts will expire at zero today.
TQQQ
BTC TQQQ 5 SEP 2025 75/71 PUT @.06
Opened this on Tuesday for .15, did not realize it was fat fingered for the next week when i wanted it to expire this week.
And live thru the weekend/bla bla/LOL
As of this minute it looks like a good move!
sooo a little profit and move on.
SPX 0-dte trades for 8/28/25
#SPX0dte Sold to Open $SPX Aug 28th 6415/6435-6525/6545 condors for 1.10, IV 15.70%, deltas -.07 +.07
It has been a well-contained week and this trade would havew worked all three days. So I’m lifting my moratorium.
SPX
BTC SPX 29 AUG 2025 6285/6280 PUT @.05 (SOLD.20)
BBY stock
Sold the last tiny bit of BBY ay $77.30.
Bought on 04/09 at $55.00
#FormerFallingKnife
SOXL
Sold 1 SOXL 08/29/2025 23.0 Put at $0.07
Sold 1 SOXL 08/29/2025 22.5 Put at $0.06
#TinyPuts
SPX
Finally a little dip to sell into.
Bought to Close SPX Aug 27 2025 6435.0 Put @ .60 (sold for 11.30)
Bought to Close SPX Aug 27 2025 6440.0 Puts @ .40 (sold for 11.55)
Bought to Close SPX Aug 27 2025 6445.0 Put @ .40 (sold for 22.10)
Sold SPX Aug 28 2025 6440.0 Puts @ 11.60
Sold SPX Aug 28 2025 6450.0 Put @ 14.60
SPX
A little hedge out to Oct monthly.
Sold Oct monthly 6750/6775 bear call spread
Bought Oct monthly 6150/6100 bear put spread
Net debit .60
SPX,
STO August 28, 6435 put at 13.10, I expect the 643.5 put for today will expire at zero.
SPX 0-dte trades for 8/27/25
#SPX0dte Sold to Open $SPX Aug 27th 6435/6465=6470/6500 condors for 12.35, IV 13.43%
SOXL
#shortputs
SOLD SOXL 29 AUG 2025 25 PUT @.19
SOLD SOXL 29 AUG 2025 23.5 PUT @.09
MSFT
Sold 1 MSFT 08/2/9/2025 470/477.50 Bull Put Spread at $0.13 Credit
Sold 1 MSFT 08/2/9/2025 475/480 Bull Put Spread at $0.13 Credit
Delta -.06
From Twitter aka X
from @OptiontradinIQ
Put Spreads
15 Delta = 15% chance of finishing in-the-money (85% success rate)
30 Delta = 30% chance ITM (70% success rate)
40 Delta = 40% chance ITM (60% success rate)
Higher delta = more premium BUT lower win rate.
The Microsoft example that shocked me:
MSFT 15 Delta Put Spread: (not sure which expiration dates in these examples)
𝗣𝗿𝗲𝗺𝗶𝘂𝗺: $100
𝗥𝗶𝘀𝗸: $900
𝗥𝗲𝘁𝘂𝗿𝗻: 11%
𝗦𝘁𝗿𝗶𝗸𝗲: $25 away from stock price
𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗿𝗮𝘁𝗲: ~85%
This is my personal sweet spot.
30 Delta Put Spread (Same stock):
𝗣𝗿𝗲𝗺𝗶𝘂𝗺: $260
𝗥𝗶𝘀𝗸: $740
𝗥𝗲𝘁𝘂𝗿𝗻: 35%
𝗦𝘁𝗿𝗶𝗸𝗲: Much closer to stock price
𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗿𝗮𝘁𝗲: ~70%
Looks amazing, right?
But…. you are much more likely to see this one come under pressure.
40 Delta Put Spread:
𝗣𝗿𝗲𝗺𝗶𝘂𝗺: $340
𝗥𝗶𝘀𝗸: $660
𝗥𝗲𝘁𝘂𝗿𝗻: 52%
𝗦𝘁𝗿𝗶𝗸𝗲: Almost AT the stock price
𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗿𝗮𝘁𝗲: ~60%
This is basically a coin flip.
Only use this if you are SUPER bullish.
TQQQ SPX
#shortputs
SOLD TQQQ 5 SEP 2025 75/71 PUT @.15
===
SPX
#onlyspreads
SOLD SPX 29 AUG 2025 6285/6280 PUT @.20
SPX
Busy today so rolling early. Nearly same strikes for two straight weeks now. NVDA tomorrow. Great premiums Thur!
Rolled SPX Aug 26 2025 6435.0 Put to Aug 27 2025 6435.0 Put @ 6.00 credit (11.30 total now)
Rolled SPX Aug 26 2025 6440.0 Put to Aug 27 2025 6440.0 Put @ 6.00 credit (11.50 total now)
Rolled SPX Aug 26 2025 6445.0 Put to Aug 27 2025 6445.0 Put @ 6.15 credit (22.15 total now)
Raising a little cash
Sold a tiny bit of APA at $22.21
Sold a tiny bit of COP at $98.20
Sold 1 CE Sep 19 2025 60 Covered Call at $0.15
#EveryLittleBitHelps
SPX 0-dte trades for 8/26/25
#SPX0dte Sold to Open $SPX Aug 26th 6405/6435-6440/6470 condors for 12.70, IV 14.07%
SPX
Rolled SPX Aug 25 2025 6450.0 Put to Aug 26 2025 6445.0 Put @ 7.00 credit (16.00 total now)
NVDA
Just for fun. Same thing I’m doing on SPX. Not so much directional as it is just premium collection over time.
Sold NVDA Dec 2027 180/200 Bear Call Spread
Bought NVDA Dec 2027 180 Put
Net Debit: 28.30
And:
Sold NVDA Aug 29 2025 180.0 Put @ 5.40
SPX
Great start to the week. Still waiting on today’s 6450 strike.
Bought to Close SPX Aug 25 2025 6425.0 Put @ .30 (sold for 7.50)
Bought to Close SPX Aug 25 2025 6440.0 Puts @ .45 (sold for 6.50)
Sold SPX Aug 26 2025 6435.0 Puts @ 5.30
Sold SPX Aug 26 2025 6440.0 Puts @ 5.50 and 6.10
Monday Spreads
Sold 1 TQQQ Aug 29 2025 77/82 Bull Put Spread at $0.22 Credit
Sold 1 TQQQ Aug 29 2025 78/81 Bull Put Spread at $0.13 Credit
Sold 1 TQQQ Aug 29 2025 76/81 Bull Put Spread at $0.18 Credit
Sold 1 TQQQ Aug 29 2025 77/80.5 Bull Put Spread at $0.13 Credit
Sold 1 TQQQ Aug 29 2025 76/80 Bull Put Spread at $0.13 Credit
Sold 1 TQQQ Aug 29 2025 75/80 Bull Put Spread at $0.14 Credit
Sold 1 SOXL Aug 29 2025 20/24.5 Bull Put Spread at $0.22 Credit
Sold 1 SOXL Aug 29 2025 21/24 Bull Put Spread at $0.16 Credit
Sold 1 SOXL Aug 29 2025 20.5/23.5 Bull Put Spread at $0.13 Credit
Sold 1 SOXL Aug 29 2025 19.5/23.5 Bull Put Spread at $0.13 Credit
Sold 1 AAP Aug 29 2025 48.5/54 Bull Put Spread at $0.15 Credit
Monday Trades
Sold SPCE Aug 29 2025 4.5 Covered Calls at $0.02
Sold 1 CE Sep 19 2025 65 Covered Call at $0.05
Sold 1 VFC Aug 29 2025 14.5 Covered Call at $0.10
Sold CLF Aug 29 2025 11.0 Covered Calls at $0.10
Sold 1 TZA Aug 29 2025 9.5 Covered Call at $0.15
#EveryLittleBitHelps
Sold HPQ Aug 29 2025 23.5 Puts at $0.06 an $0.09
Sold 1 HPQ Aug 29 2025 23 Put at $0.08
Sold 1 BOIL Aug 29 2025 21 Put at $0.08
Sold 1 BBY Aug 29 2025 61 Put at $0.18
#TinyPuts
SPX 0-dte trades for 8/25/25
#SPX0dte Taking a pause on the pre-market entries for the 6-delta condors. Although this has been my strongest strategy for about 7 years, it hasn’t been consistent for many months now. I will reinstate the normalcy when I feel the market has restored some normalcy. Meantime I will look for tighter condor opportunities after the mornings calm down, and occasional shots with long spreads.
Earnings 8/25 – 8/29
Econ Calendar 8/25 – 8/29
OptionsExpiration
EXPIRED
AAP 68/61 Bear Call Spread
AAP 65/60 Bear Call Spread
AAP 50/54 Bull Put Spreads
CLF 12/10.5 Bear Call Spread
SOXL 20/24 Bull Put Spread
SOXL 20/24.5 Bull Put Spread
SOXL 20/25 Bull Put Spread
SOXL 20.5/24.5 Bull Put Spreads
SOXL 33/28 Bear Call Spreads
TQQQ 79.5/82 Bull Put Spread
TQQQ 80/83 Bull Put Spread
TQQQ 80/84 Bull Put Spreads
TQQQ 80/84.5 Bull Put Spread
TQQQ 99/92 Bear Call Spread
TQQQ 99/96 Bear Call Spread
VXX 41/40 Bear Call Spread
#OnlySpreads
CNC 33.0 Covered Call
HAL 24.0 Covered Call
SOXL 21.5 Put
SOXL 22.0 Put
SOXL 22.5 Put
TZA 9.0 Puts
UPS 84.0 Put
VFC 14.0 Covered Call
VFC 14.5 Covered Call
#EveryLittleBitHelps
ASSIGNMENTS :
DOW 24.0 Covered Call – vs stock put to me at $23
WBA 12.0 Covered Calls – glad to exit this dog, even at a loss. Bought most of it in 2023
TZA 10.0 Put
TZA 9.5 Put
Call writing begins Monday
SOXL
#optionsexpiration
SOXL 21.50 PUT
SOXL 24.50 PUT
Former Falling Knife stocks today
VFC +5.03%
OXY +3.20%
DOW +6.14%
SLB +5.24%
CZR +6.93%
WTAF!
1. Stocks: all-time high
2. Home Prices: all-time high
3. Bitcoin: all-time high
4. Gold: all-time high
5. Money Supply: all-time high
6. National Debt: all-time high
7. CPI Inflation: 4% per year since Jan 2020, 2x the Fed’s “target”
8. Fed: cutting interest rates next month WTAF
SPX
Bought to Close SPX Aug 22 2025 6435.0 Puts @ .20 (sold for 17.20)
Sold SPX Aug 25 2025 6440.0 Puts @ 6.50
Sold SPX Aug 25 2025 6450.0 Put @ 9.00
VIX
VIX plunges after Powell sparks optimism for September rate cut – as predicted
SPX
Selling one now. Still sitting on my 6435s for today.
Sold SPX Aug 25 2025 6425.00 Put @ 7.50
TQQQ,
STO September 19, 70 puts at .67
STO September 19, 75 puts at 1.02
STO September 75 puts at 1.40
SPX
Booking this one that I rolled last week. Think I can do better over the next month selling it daily.
Bought to Close SPX Sep 19 2025 6375.00 Put @ 48.00 (sold for 49.45)
SOXL AAP Spreads
Closed 1 SOXL 08/22/2025 20/24 Bull Put Spread at $0.03 to release enough margin to…
Roll 1 SOXL 31/26 Bear Call Spread to next week for $0.22 Credit
Rolled 1 AAP 63/55 Bear Call Spread to next week for $0.44 Credit
CZR TZA
Rolled 1 CZR 26.5 Covered Call out a week at $0.33 Credit
Sold 1 TZA 08/22/2025 9.0 Put at $0.06
META
#shortputs
SOLD META 29 AUG 2025 680/675 PUT @.21
SPY
Taking a little over 30 percent of max in a couple days.
Bought to Close SPY Oct 17 2025 590.0 Put @ 2.97 (sold for 4.51)
CAG
Sold CAG 08/29/2025 20.0 Covered Calls at $0.10
#EveryLittleBitHelps
SPX 0-dte trades for 8/22/25
#SPX0dte Sold to Open $SPX Aug 22nd 6255/6275-6470/6490 condors for 1.50, IV 34.76%, deltas -.06 +.05
Was considering sitting on hands but this is pretty good width and premium anticipating Powell’s 10am speech.
SPX
Upon closer inspection I’m adding another LEAPS position but leaving it uncovered for now.
Bought Dec 2029 6300/6300/6700 @ 375.0 debit
TQQQ Put
Sold 1 TQQQ 08/22/2025 80/82 Bull Put Spread at $0.18 Credit
SPX
Uncovering another LEAPS position for tomorrow….just in case.
Bought to Close SPX Sep 19 2025 6000.00 Put @ 22.20 (sold for 27.00)
SPX
After today’s roll I’ve now recovered all cash outlay to set all the SPX LEAPS positions. Sitting currently at 80 percent of my goal for max size. Before adding any more I’m going to spruce up the current rental houses a little (roll up the LEAPS slightly). Doesn’t affect current P/L but does require cash. Best thing is it reduces potential drawdowns in a selloff and reduces margin required on the daily put sales. Putting a new roof on the most run down property first. 🙂 🙂
Rolled Jan 2029 5900 long put up to Jan 2029 6300
Rolled Jan 2029 5900/6300 BeCS to Jan 2029 6300/6700 Becs
Net debit for the whole thing: 121.00
After I recover this cash I’ll look at the next one. I’ve got one at the 6000 strike and the rest at 6100. A little maintenance never hurts. One house is empty right now saving that for a big spike in rent. 🙂 🙂 🙂
VIX (from twitter aka X)
The $VIX is up 3 days in a row…
Has not gone up 4 days in a row since the April tariffs crash.
I don’t wanna say it, I don’t wanna say it, I really don’t wanna say it, fine I’ll bring it back and say it:
$VIX Crush Fridays ™️?
Or no?
VXX
I’ve been short call spreads and long put spreads out in Jan 2026 for an overall short VXX position (long the market) in two different accounts. Closing everything to add more SPX positions.
Closed Jan 2026 55/85 Bear Call Spreads
Closed Jan 2026 55/45 Bear Put Spreads
Closed Jan 2026 55/35 Bear Put Spreads
Net Loss .65 in smaller position
Net gain 1.40 in 4x bigger position
SPX
Straight roll to tomorrow. 7th trading day in a row at the same strike. That’s what we like to see!
Rolled SPX Aug 21 2025 6435.0 Puts to Aug 22 2025 6435.0 Puts @ 5.00 credit (17.15 total now)
AAP
Sold 1 AAP 08/22/2025 50/54 Bull Put Spread at $0.36 Credit
SPX 0-dte trades for 8/21/25
#SPX0dte BOUGHT to open $SPX Aug 21st 6305/6285 put spreads for .55, IV 20.74%, delta -.06
I’m sticking with long trades at least until we get a day or two of muted moves. I’m only bothering with put side today, given we have trickled lower overnight.
I have also been watching for tight condor options later in the trading day, but the swings have kept up in last two afternoons.
SOXL
Sold 1 SOXL 08/22/2025 28.0 Call at $0.13
PLTR
25% pullback over the last week and now a bounce back up above the 50DMA. Sold to open Sep 19 130/120 bull put spread @ 1.17.
SPX
Straight roll to tomorrow.
Rolled SPX Aug 20 2025 6435.0 Puts to Aug 21 2025 6435.0 Puts @ 1.75 credit (12.15 total now)
SOXL
Sold 1 SOXL 08/22/2025 27.5 Call at $0.13
SPY
Give Mr. Market more to think about. 🙂
Sold SPY Oct 17 2025 590.0 Put @ 4.51
And for margin reduction:
Bought to Open SPY Oct 17 2025 325.0 Puts @ .13
SPX
Selling against one of my uncovered LEAPS positions. Down at the 200 day and well outside the expected move.
Sold SPX Sep 19 2025 6000.00 Put @ 27.00
SPX
Closing the double vertical hedge.
Bought to Close Sep monthly 6550/6575 bear call spread
Sold to Close Sep monthly 6200/6100 bear put spread
Net credit 10.50 (bought for .25)
SOXL
#shortputs
SOLD SOXL 22 AUG 2025 21.5 PUT @.19
follow @optioniceman
STC SOXL 22 AUG 2025 20.5 PUT @.09
Was long side part of spread
SOXL TQQQ AAP CLF TZA
Sold 1 AAP 08/22/2025 50/54 Bull Put Spread at $0.26 Credit
Sold 1 SOXL 08/22/2025 21.5 Put at $0.16
Sold 1 TQQQ 08/22/2025 92.0 Call at $0.34
Sold 1 CLF 08/22/2025 10.5 Call at $0.15
Sold 1 TZA 08/22/2025 10.0 Put at $0.12
Sold 1 TZA 08/22/2025 9.0 Put at $0.02
#EveryLittleBitHelps
SPX 0-dte trades for 8/20/25
#SPX0dte Yesterday was a decent drop. $VIX closed higher but made a LOWER high and a lower low than the day before. The internals just not in sync. I’m buying long condor today.
Not fill yet…. I will increase buy price if not filled before the open.
BUYING $SPX Aug 20th 6325/6345-6450/6470 condors, bidding .90, IV 17.10%, deltas -.05 +.05
SPX
Straight roll to tomorrow.
Rolled SPX Aug 19 2025 6435.0 Puts to Aug 20 2025 6435.0 Puts @ 3.20 credit (10.40 total now)
SOXL
#creditspread
thanks @optioniceman
SOLD SOXL 22 AUG 2025 24.5/20.5 PUT @.24
#backwardsroll
SOLD SOXL from 22 AUG 2025 25.50 call/to 25 CALL 29 AUG / @.95 credit
out and down
Tuesday Trades
Sold 1 AAP 08/22/202 61.0 Call at $0.26
Sold SOXL 08/22/2025 20/24 Bull Put Spreads at $0.14 and $0.17 Credits
Sold SOXL 08/22/2025 20.5/24.5 Bull Put Spreads at $0.22 and $0.26 Credits
Sold 1 TQQQ 08/22/2025 80/84 Bull Put Spread at $0.18 Credit
Sold 1 TQQQ 08/22/2025 79.5/83 Bull Put Spread at $0.18 Credit
Sold 1 TZA 08/22/2025 9.5 Put at $0.12
Options Bistro 