Jeff 5:34 am on Monday, February 5, 2024
Tags: IronButterfly ( 141 ), spx0dte ( 421 )

SPX0dte

#SPX0dte Starting a new hashtag today to represent a shift in strategy, using a same-day #IronButterfly in non-volatile periods on days where no big moves are expected. I will still likely use condors on some days.

At 5:26am, Sold to Open $SPX Feb 5th 4920/4950-4950/4980 iron butterflys for 17.25, IV 19.5%. Profit goal is at least 10% of max, so close order is in to buy back for 15.50. Stop will be manual, I will look to exit if premium reaches 20.75.

I also have a tight condor in accounts that are under or near $25K, i have a tight condor as an alternative to avoid pattern day trading violations. This is 4915/4945-4950/4980 condors for 15.40. The order to close set for 13.85.

Jeff 5:14 pm on Sunday, February 4, 2024

Earnings 2/5 – 2/9

Jeff 5:11 pm on Sunday, February 4, 2024

Economic Calendar 2/5 – 2/9

walter6871 3:56 pm on Friday, February 2, 2024
Tags: shortputspread ( 95 )

NFLX

#shortputspread
STO NFLX 9 FEB 24 530/525 PUT @.14

walter6871 3:42 pm on Friday, February 2, 2024
Tags: OnlySpreads ( 559 ), OptionsExpiration ( 796 )

XLE-F-IWM-MSFT-QQQ-SPY

#optionsexpiration
#onlyspreads

Option Iceman 1:08 pm on Friday, February 2, 2024

Options Expiration

Big week because of earning spreads

GOOG Bull Put Spread and GOOG Bear Call Spread
TMO Bull Put Spread and TMO Bear Call Spread
BA Bull Put Spread and BA Bear Call Spread
CVS Bull Put Spreads and CVS Bear Call Spreads
MSFT Bear Call Spread
WHR Bull Put Spread
IWM Bear Call Spreads
BMY Bull Put Spread
VXX Covered Calls
VXX Bear Call Spreads
UVXY Covered Calls
UVXY Bear Call Spreads
ADM Diagonal put
ADM Bear Call Spreads
META Diagonal Call
BOIL Covered Calls
BOIL Put

fuzzballl 12:53 pm on Friday, February 2, 2024
Tags: SyntheticShortStock ( 108 )

SPX

#SyntheticShortStock – Fidelity tagged me with a day trading penalty from all the roll ups I did one day last week. Really happy with how the SPX experiment has gone so far but if we don’t have a resolution from Fidelity I’m going to have to put the experiment on hold for 90 days.

If I have to close everything right now it’ll be for about a 2 grand loss. Not bad in this crazy up market almost keeping up with the rise with daily put sales. Just don’t crash until I get back in!! LOL Know for sure on Monday.

Expiring : SPX Feb 02 2024 4900.0 Puts @ 13.20 credit

Option Iceman 11:03 am on Friday, February 2, 2024
Tags: Earnings ( 3,114 )

CVS Diagonal Calls

Bought 1 CVS 02/16/2024 81.0 Call at $0.16
Sold 1 CVS 02/09/2024 77 .0 Call at $0.50
#Earnings on Feb 07

fuzzballl 11:02 am on Friday, February 2, 2024
Tags: SyntheticStock ( 356 )

TSLA

#SyntheticStock – Another round.

Bought to Close TSLA Feb 02 2024 185.0 Calls @ .25 (sold for 4.30)

Sold TSLA Feb 09 2024 182.5 Calls @ 4.50

jsd501 7:12 am on Friday, February 2, 2024

TQQQ,

This morning I sold my entire position in the June 50 calls and am now mostly in cash except for the TQQQ puts which go out every week out to March 15 and the 43 puts that I am short today will expire at zero.

Jeff 5:42 am on Friday, February 2, 2024
Tags: SPX1dte ( 1,714 )

SPX trades 2/2

#SPX1dte Sold to Open $SPX Feb 2nd 4835/4855-4970/4990 condors for 1.15, deltas -.06 +.06, IV 25.5%

Jeff 5:37 am on Friday, February 2, 2024
Tags: Jobs ( 140 )

January Jobs Report

#Jobs — Big gains obliterate expectations. Earnings also soar; December revised up bigly.

Gain of +353,000 non-farm payroll jobs, vs. expected gain of 185K
Unemployment unchanged at 3.7%
U6 unemployment 7.2%, up by 0.1
Labor force participation unchanged at 62.5%
Average hourly earnings up by 0.6%; 4.5% increase over the year

December jobs revised up by +228K to +333K
November jobs revised up by +9K to 182K

walter6871 4:19 pm on Thursday, February 1, 2024
Tags: CoveredCalls ( 2,208 )

F

#coveredcalls
Sto F 9 FEB 24, 13.5 CALL @.03

Option Iceman 1:04 pm on Thursday, February 1, 2024

SPY Expiration

1 SPY 500/491 Bear Call Spread

Option Iceman 9:47 am on Thursday, February 1, 2024
Tags: Earnings ( 3,114 )

BMY Puts

Sold 1 BMY 02/02/2024 42.5/46 Bull Put Spread at $0.20 Credit
1 DTE
#Earnings

jsd501 8:55 am on Thursday, February 1, 2024

TQQQ,

BTO JUne 21, 50 calls at 8.80, I think we go higher by June.

Option Iceman 8:26 am on Thursday, February 1, 2024

DD MOS Puts

Sold 1 DD 02/09/2024 57/60 Bull Put Spread at $0.50
Sold 1 MOS 02/09/2024 27.5/30.5 Bull Put Spread at $0.50

Jeff 5:42 am on Thursday, February 1, 2024
Tags: SPX1dte ( 1,714 )

SPX trades 2/1

#SPX1dte Sold to Open $SPX Feb 1st 4785/4805-4910/4930 condors for 1.05, deltas -.05 +.06, IV 22.1%

walter6871 1:36 pm on Wednesday, January 31, 2024
Tags: CreditSpread ( 27 ), Dividends ( 107 )

IWMY SPY

#creditspread
#dividends

Sto SPY 7 FEB 24 470/466 PUT @.11
Sto SPY 7 FEB 24 472/468 PUT @.10
BOT IWMY @19.61

Option Iceman 1:06 pm on Wednesday, January 31, 2024
Tags: OnlySpreads ( 559 )

SPY Expiration

1 SPY 01/31/2024 494.0 Call.
Rolled into this at the close yesterday from the SPY 01/30/2024 491.0 Call.
#OnlySpreads

fuzzballl 12:51 pm on Wednesday, January 31, 2024
Tags: SyntheticShortStock ( 108 )

SPX

#SyntheticShortStock – Rolling.

Rolled SPX Jan 31 2024 4905.0 Puts to Feb 02 2024 4900.0 Puts @ 3.50 credit (13.15 total now)

Option Iceman 12:47 pm on Wednesday, January 31, 2024
Tags: OnlySpreads ( 559 )

SPY Puts

Sold 1 SPY 02/06/2024 468.0/473.0 Bull Put Spread at $0.22 Credit
Paired with several Bear Call spreads on SPY
#OnlySpreads

Option Iceman 12:38 pm on Wednesday, January 31, 2024
Tags: postearnings ( 25 )

TMO Puts

Sold 1 TMO 02/02/2024 515/525 Bull Put Spread at $0.50.
Paired with the Bear call spread I sold on Monday.
#PostEarnings

Option Iceman 12:32 pm on Wednesday, January 31, 2024
Tags: DoubleDip ( 115 ), OnlySpreads ( 559 )

IWM SPY Calls Rolled

Bought to close IWM 01/31/2024 200 and 201 Calls at $0.01
Sold 1 IWM 02/02/2024 201 Calls at $0.33 and 1 IWM 02/02/2024 202 Call at $0.22
#DoubleDip

Bought to close SPY 01/31/2024 491 Calls at $0.01.
Sold 1 SPY 02/02/2024 492.00 Call at $0.44.
#OnlySpreads

fuzzballl 11:15 am on Wednesday, January 31, 2024
Tags: CoveredCalls ( 2,208 )

BA

#CoveredCalls – Out of some of my BA position for small gain.

Sold BA covered stock @ 199.70 (basis 196.70)

jsd501 10:22 am on Wednesday, January 31, 2024

TQQQ,

STO March 8, 45 puts at .77

fuzzballl 9:04 am on Wednesday, January 31, 2024
Tags: SyntheticShortStock ( 108 )

SPX

#SyntheticShortStock – Carrying synthetic short stock and selling puts against it. If we have a huge implosion and my puts get trapped I might want to take the profits on the synthetic short. To do that I’m adding a couple long puts while they are still cheap. That way I can book the synthetic short stock and leave the short puts and continue rolling them until they recover without them being completely naked.

Bought SPX Dec 19 2025 1000.0 Put @ 4.10
Bought SPX Dec 18 2026 1000.0 Put @ 5.00

Option Iceman 7:17 am on Wednesday, January 31, 2024
Tags: postearnings ( 25 )

GOOG

Bought to close the short side of my Bear Call spread at $0.01.

Sold 1 GOOG 02/02/2024 135.0/140.0 Bull Put Spread at $0.50
#PostEarnings

Option Iceman 7:15 am on Wednesday, January 31, 2024
Tags: postearnings ( 25 )

UPS WHR

Bought 1 UPS 02/09/2024 135.0 Put and Sold 1 UPS 02/02/2024 140.0 Put at a$0.18 Credit for the diagonal spread.

Sold 1 WHR 02/02/2024 102.0/107.0 Bull Put Spread at $0.50 Credit

#PostEarnings

Jeff 5:44 am on Wednesday, January 31, 2024
Tags: SPX1dte ( 1,714 )

SPX 1-dte

#SPX1dte Not trade until after the Fed announcement

I did put on paper trades for the IB and 5-pt wide IC strategies, this time with both 30-point and 40-point wings.

walter6871 5:15 pm on Tuesday, January 30, 2024
Tags: CoveredCalls ( 2,208 ), CreditSpread ( 27 ), Dividends ( 107 ), ShortPuts ( 4,769 )

TQQQ YMAG HE SPCE MARA…

TQQQ YMAG HE SPCE MARA IWM QQQ NFLX XLE

#dividends
#shortputs
#creditspread

Sto TQQQ 2 FEB 24 51/48 PUT @.09
BOT YMAG @19.98 /small position
Sto HE 100 2 FEB 24 12.5 PUT @.09
Sto SPCE 2 FEB 24 2 PUT @.19
Sto MARA 2 FEB 24 15.5 PUT @.09
Sto IWM 100 2 FEB 24 186.5/182.5 PUT @.06
Sto QQQ 100 2 FEB 24 411.78/410 PUT @.08
Sto NFLX 2 FEB 24 540/537.5 PUT @.14
Sto XLE 2 FEB 24 81.5/79.5 PUT @.14

#coveredcalls

walter6871 5:14 pm on Tuesday, January 30, 2024
Tags: CoveredCalls ( 2,208 ), CreditSpread ( 27 ), ShortPuts ( 4,769 )

TQQQ YMAG HE SPCE MARA…

TQQQ YMAG HE SPCE MARA IWM QQQ NFLX XLE
#coveredcalls
#shortputs
#creditspread

Option Iceman 1:16 pm on Tuesday, January 30, 2024

SPYExpiration

SPY 01/30/2024 493.0 Calls

fuzzballl 12:51 pm on Tuesday, January 30, 2024
Tags: SyntheticShortStock ( 108 )

SPX

#SyntheticShortStock – Another.

Bought to Close SPX Jan 30 2024 4900.0 Puts @ .05 (Sold for 4.45 avg.)

Sold SPX Jan 31 2024 4905.0 Puts @ 9.65

Option Iceman 11:30 am on Tuesday, January 30, 2024
Tags: Earnings ( 3,114 ), postearnings ( 25 )

BA UPS Puts

Sold 1 BA 02/02/2024 182.5/187.5 Bull Put Spread at $0.50
Paired with the Bear call spread sold yesterday
#Earnings

Sold 1 UPS 02/02/2024 139/144 Bull Put Spread at $0.54
#PostEarnings

geewhiz112 10:00 am on Tuesday, January 30, 2024
Tags: 0DTE ( 19 )

#0dte At 12:05 $SPX STO…

#0dte

At 12:05
$SPX STO 1/30 4930/4950 BECS at 4.90
At 12:48
$SPX BTC 1/30 4930/4950 BECS at 2.00 59% of max profit

geewhiz112 8:36 am on Tuesday, January 30, 2024
Tags: 0DTE ( 19 )

SPX Trade 0 DTE

#0dte
At 9:50
$SPX STO 1/30 4900/4925 BUPS at 7.50
At 11:28
$SPX BTC 1/30 4900/4925 BUPS at 5.00 33% of max profit

I know I’m not good – must be lucky.

Thank you @matt0311

Jeff 5:25 am on Tuesday, January 30, 2024
Tags: SPX1dte ( 1,714 )

SPX trades 1/30

#SPX1dte Sold to Open $SPX Jan 30th 4860/4880-4955/4975 condors for 1.35, deltas -.08 +.08 IV 17.6%

Aggressive again on deltas… JOLT jobs report at 10am ET

walter6871 7:43 pm on Monday, January 29, 2024
Tags: CoveredCalls ( 2,208 ), CreditSpread ( 27 ), ShortPuts ( 4,769 )

#creditspread #coveredcalls #shortputs MARA,XLE,HE,MSFT,NFLX,QQQ STO…

MARA,XLE,HE,MSFT,NFLX,QQQ
#creditspread
#coveredcalls
#shortputs

STO MARA 2 FEB 24 16 PUT @.20
STO XLE 2 FEB 24 82/80 PUT @.29
STO HE 2 FEB 24 15 CALL @.04
STO MSFT 2 FEB 24 372.5/370 PUT @.12
STO NFLX 2 FEB 24 540/537.5 PUT @.17
STO QQQ 5 FEB 24 406/402 PUT @.13

fuzzballl 1:58 pm on Monday, January 29, 2024
Tags: ShortPuts ( 4,769 )

TLT

#ShortPuts – Nice bounce to help with these rolls.

Rolled TLT Feb 16 2024 97.0 Puts to Mar 15 2024 97.0 Puts @ .45 credit (1.45 total now)
Rolled TLT Feb 16 2024 98.0 Puts to Mar 15 2024 98.0 Puts @ .35 credit (1.70 total now)
Rolled TLT Feb 16 2024 99.0 Puts to Mar 15 2024 99.0 Puts @ .23 credit (1.95 toal now)

Option Iceman 1:52 pm on Monday, January 29, 2024

Markets

Yields Tumble, Futures Soar After Treasury Unexpectedly Slashes Borrowing Estimates

And in three months, when the actual debt issuance comes in about $200BN higher, well… oops.

fuzzballl 1:43 pm on Monday, January 29, 2024
Tags: SyntheticShortStock ( 108 )

SPX Jan 29th

#SyntheticShortStock – No scalping today. Another round of put sales though.

Bought to Close SPX Jan 29 2024 4890.0 Puts @ .10 (sold for 21.05 and 48.90)

Sold SPX Jan 30 2024 4900.0 Puts @ 4.45 avg.

Option Iceman 9:33 am on Monday, January 29, 2024
Tags: FedWeek ( 2 )

IWM Diagonal Call

Bought 1 IWM 02/02/2024 205.00 Call at $0.28
Sold 1 IWM 01/31/2024 200.00 Call at $0.60
#FedWeek

geewhiz112 9:23 am on Monday, January 29, 2024
Tags: 0DTE ( 19 )

Matt 0 DTE ATM Trade

#0dte
At 10:41
$SPX STO 1/29 4890/4910 BUPS at 12.70

At 12:15
$SPX BTC 1/29 4890/4910 BUPS at 10.80 14.8% of max profit

Option Iceman 7:08 am on Monday, January 29, 2024
Tags: CashCovered

IRBT Put

Sold 1 IRBT 02/02/2024 13.0 Put at $0.50
#CashCovered

Option Iceman 6:42 am on Monday, January 29, 2024
Tags: Earnings ( 3,114 )

BA MSFT GOOG TMO Spreads

Sold 1 BA 02/02/2024 232.5/222.5 Bear Call Spread at $0.50
Sold 1 MSFT 02/02/2024 450.0/440.0 Bear Call Spread at $0.50
Sold 1 GOOG 02/02/2024 170.0/165.0 Bear Call Spread at $0.50
Sold 1 TMO 02/02/2024 610.0/610.0 Bear Call Spread at $0.50
#Earnings

Jeff 5:31 am on Monday, January 29, 2024
Tags: SPX1dte ( 1,714 )

SPX trades 1/29

#SPX1dte Sold to Open $SPX Jan 29th 4835/4855-4925/4945 condors for 1.20, deltas -.09 +.07 IV 16.4%

A bit aggressive on deltas for what have been quiet Mondays lately.

jsd501 10:15 am on Saturday, January 27, 2024

TOOO,

Jan. 26, 45 puts expired. Sold at .46 cents.

Jeff 9:36 am on Saturday, January 27, 2024

Earnings 1/29 – 2/2

Please note the current week’s earnings calendar always available in the menu bar at top of this page.

Jeff 9:34 am on Saturday, January 27, 2024

Economic Calendar 1/29 – 2/2

Busy week with JOLT on Tuesday, FOMC decision on Wednesday, and Jobs report on Friday.
Please note the current week’s calendar always available in the menu bar at top of this page.

Option Iceman 1:03 pm on Friday, January 26, 2024

SPY Expiration

1 SPY 01/26/2024 489.00 Call

fuzzballl 12:12 pm on Friday, January 26, 2024
Tags: SyntheticStock ( 356 )

TSLA

#SyntheticStock – Roll down for a little more credit.

Rolled TSLA Feb 02 2024 192.5 Calls to Feb 02 2024 185.0 Calls @ 2.25 credit (4.30 total now)

fuzzballl 9:08 am on Friday, January 26, 2024
Tags: ShortPuts ( 4,769 )

XBI

#ShortPuts – March starter at the expected move and 200 day.

Sold XBI Mar 15 2024 80.0 Puts @ 1.12

geewhiz112 8:05 am on Friday, January 26, 2024
Tags: spx0dte ( 421 )

Matt 0 DTE With Tasty Assist

#spx0dte
Tried it this morning

$SPX STO 1/26 4870/4900 BUPS at 7.10

Closed hour later at 4.70. 33% of max profit.

fuzzballl 7:48 am on Friday, January 26, 2024
Tags: BearCallSpreads ( 123 )

SPX Jan 26th

#BearCallSpreads – Massive expiration at the 4895 level for put sales. Throwing this above it for Mr. Market to take a look at.

Sold SPX Jan 26 2024 4915/4920 Bear Call Spreads @ 1.05

fuzzballl 7:16 am on Friday, January 26, 2024
Tags: CoveredCalls ( 2,208 )

BA

#CoveredCalls – Earnings Wed morning.

Bought to Close BA Jan 26 2024 207.5 Call @ .16 (sold for 3.40)

Sold BA Feb 02 2024 200.0 Call @ 8.05

Jeff 5:40 am on Friday, January 26, 2024
Tags: SPX1dte ( 1,714 )

SPX trades 1/26

#SPX1dte Sold to Open $SPX Jan 26th 4825/4845-4935/4955 condors for 1.25, deltas -.08 +.05, IV 20.3%

geewhiz112 1:36 pm on Thursday, January 25, 2024
Tags: spx0dte ( 421 ), TastyTrade ( 6 )

Video on @matt311 SPX 0DTE Post

@matt0311 I think this is the video you were referencing. #TastyTrade #SPX0dte

Thanks for sharing it.

Option Iceman 1:10 pm on Thursday, January 25, 2024

SPY Expiration

1 SPY 01/25/2024 489.00 Call

fuzzballl 10:47 am on Thursday, January 25, 2024
Tags: SyntheticStock ( 356 )

TSLA

#SyntheticStock – MInimized the big selloff with the deep in the money short calls.

Bought to Close TSLA Jan 26 2023 195.0 Calls @ .23 (sold for 18.45 and 31.90)

Another round:

Sold TSLA Feb 02 2024 192.5 Calls @ 2.05

geewhiz112 10:20 am on Thursday, January 25, 2024

ARK Funds – Is This Possible?

Almost all of their funds have large cost value and low current value. This is the genomic one.

jsd501 9:40 am on Thursday, January 25, 2024

TQQQ,

STO March 8, 50 puts at 1.57

fuzzballl 7:48 am on Thursday, January 25, 2024
Tags: SyntheticStock ( 356 )

FXI

#SyntheticStock – Sold FXI Feb 16 2024 23.5 Calls @ .42

fuzzballl 7:09 am on Thursday, January 25, 2024
Tags: BearCallSpreads ( 123 )

SPX Jan 25th

#BearCallSpreads – Small position. Slightly offset by 4895 short puts for tomorrow.

Sold Jan 25 2024 4905/4910 Bear Call Spreads @ 1.10

Jeff 5:45 am on Thursday, January 25, 2024
Tags: SPX1dte ( 1,714 )

SPX trades 1/25

#SPX1dte Sold to Open $SPX Jan 25th 4815/4835-4920/4940 condors for 1.00, deltas -.06 +.06, IV 18.15%

walter6871 4:33 am on Thursday, January 25, 2024
Tags: creditputspread, OptionsExpiration ( 796 )

SPY

#creditputspread
#optionsexpiration
Jan 24 -457/453

geewhiz112 7:18 pm on Wednesday, January 24, 2024

Option Iceman 1:13 pm on Wednesday, January 24, 2024

SPY Expiration

1 SPY 01/24/2024 489.00 C all

fuzzballl 10:43 am on Wednesday, January 24, 2024
Tags: SyntheticStock ( 356 )

TSLA

#SyntheticStock – Haven’t posted on this one lately. Just been cruising along with front month call in the money waiting on earnings. Added to it today.

Bought TSLA Jan 16 2026 220/220/175 Synthetic Stock @ 38.00

Sold TSLA Jan 26 2023 200.0 Call @ 14.80

matt0311 8:03 am on Wednesday, January 24, 2024
Tags: spx0dte ( 421 ), SPX1dte ( 1,714 )

SPX Jan 24th comparision #spx0dte…

SPX Jan 24th comparision

#spx0dte
I came across a Tastylive video where they looked into the success rate of Iron Flies with 30 points wide wings on 0 DTE SPX trades( i wish I could find that video again as it shows the rates for different profit targets very well). I am running some paper trades and so far they are looking very promising.
For example today: I followed Jeff’s trade and it is still running and meandering around the 50$ profit within a more and more volatile market. I also opened and Iron Fly with 4860/4890/4920 as a paper trade for 14.75 credit. My profit target for the Fly is between 7.5 to 10% of the credit received. I was able to close after just 35 minutes for the 7.5% target at13.50, adding 112 to my paper trade account. And that is how it was working for now about 8 trading days.
What I like:

although 30 points width, your tail risk is lower, 1,800 to 1,900 on the IC vs 1,500 or less on the IF
with a clear defined relatively low profit target (between 5 to 10%) your are out of a trade very quick.

Am I missing something?

#spx1dte

fuzzballl 7:31 am on Wednesday, January 24, 2024
Tags: SyntheticShortStock ( 108 )

SPX Jan 24th

#SyntheticShortStock – A few adjustments.

Bought to Close SPX Jan 26 2024 4855.0/4805.0 Bull Put Spread @ 5.25 (sold for 14.00)
———————————-
Sold SPX Jan 24 2024 4875.0 Put @ 5.00
Rolled SPX Jan 24 2024 4875.0 Put to Jan 24 2024 4890.0 Put @ 6.20 credit (11.20 total now)
———————————-
Rolled SPX Jan 24 2024 4865.0 Put to Jan 24 2024 4890.0 Put @ 8.70 credit (38.90 total now)