STO September 1, 412 puts at 1.02
Recent Updates Page 74
SPX stopped
#SPX1dte Bought to close $SPX Jul 17th 4530/4550 call spreads for .60. Condors sold this morning for 1.15
SPY
Sold 1 Diagonal SPY 07/17/2023 449.0 Put at $0.14
Stocks and Options
Bought a tiny bit of T at $13.79. Div = 7.66%
Bought a tiny bit of VZ at $31.99. Div = 7.67%
#FallingKnife
Sold 1 CMA 07/21/2023 55/51 Bear Call Spread at $ $0.25 Credit
Sold 1 CMA 07/21/2023 56/50 Bear Call Spread at $ $0.42 Credit
Sold 1 SWKS 07/21/2023 121/116 Bear Call Spread at $ $0.42 Credit
Sold 1 TROW 07/21/2023 128/118 Bear Call Spread at $ $0.52 Credit
Sold 1 PYPL 07/21/2023 80/76 Bear Call Spread at $ $0.27 Credit
Sold 1 BOIL 07/21/2023 45/50 Bull Put Spread at $ $0.52 Credit
#OnlySpreads
SPY,
BTC July 21, 380 puts at .02, sold at 1.91
SPX next day
#SPX1dte Sold to Open $SPX July 18th 4450/4470-4560/4580 condors for 1.10, SPX at 4511, IV 12.5%, deltas -.09 +.05
These 10-hour+ trades are fairly new for me, so still exploring. Since premium is low and/or condors are narrow at end-of-day or pre-open trades, these provide more of both. They can lose a lot of premium by end of day, or if they get pressured I can close the threatened side at day’s end, usually for a profit.
LULU
BTC Jul-21-23 350/360 Put Vertical @ 0.15 Limit – was STO 6/17 @1.35.
TSLA SPCE
#coveredcalls
Sto SPCE 21 JUL 2023 4 CALL @.08
—
#creditspread
Sto TSLA 21 JUL 2023 322.5/332.5 CALL @1.22
Sto TSLA 21 JUL 2023 315/325 CALL @1.17
SPX same day
#SPX1dte Sold to Open $SPX July 17th 4450/4470-4530/4550 condors for 1.15, deltas -.08 +.08, IV 16.3%
Train Keeps A-rollin
#VIXindicator After a break of only 6 trading days, the Upside Warning is back on, meaning a likelihood of higher market over the next days or weeks. That is TWO consecutive cancelations of the Upside Warning that were NOT followed by a Downside Warning.
SPXpire
#SPX1dte Expiring: $SPX July 14th 4455/4475-4555/4575 condors, sold this morning for 1.05.
Profit for week: +5.05
Economic Calendar week of 7/17 – 7/21
This is from Bloomberg, and only showing the Market Moving items (triple bull)
TQQQ,
STC September 15, 38 calls at 8.60, BTO at 6.55
We have been up 4 days in a row and today would make 5 days if we finish up. In the last year only twice has the TQQQ finished up more than 4 days, so I decided to take the money and run.
SPX same day
#SPX1dte Sold to Open $SPX July 14th 4455/4475-4555/4575 condors for 1.05, deltas -.08 +.06, IV 19.45%
Removing Upside Risk
#SPX1dte Bought to close $SPX July 14th 4540/4560 call spreads for 1.00. Condors sold this morning for 1.15. I will leave put side to expire. Action decidedly bullish, and Upside Warning may get reinstated tomorrow.
AI Call Roll
#coveredcalls
$AI BTC 7/14 39 call and STO 7/21 call at .17 added credit and $2 more if called away.
The 7/14 39 call closed at 1.22 profit.
SPX 1-dte
#SPX1dte Sold to Open $SPX July 14th 4420/4440-4540/4560 condors for 1.15, Deltas -.07 +.07.
Trying something here… selling for tomorrow’s expiration with plan to assess at end of today. I may exit before today’s close if profit is there. No major economic data is scheduled to be released tomorrow.
SPX same day
#SPX1dte Sold to open $SPX July 13th 4420/4440-4520/4540 condors for 1.00, deltas -.06 +.07
SPXpire
#SPX1dte Expected to expire: $SPX July 12th 4390/4410-4510/4530 condors, sold this morning for 1.00.
I am at 3.00 profit for the week, similar to last week before Thursday’s overreaction to weekly jobs number took it all away. So imma proceed cautiously and wait for morning to consider a trade.
SPY
#ShortPuts – Taking 85 percent of max a couple weeks early.
Bought to Close SPY Jul 28 2023 425.0 Puts @ .45 (sold for 3.10)
SPY,
STO September 29, 405 puts at 2.29
TQQQ,
BTO, September 15, 38 calls at 6.55 earlier this morning
SNOW
#ShortPuts – Adding.
Sold SNOW Aug 18 2023 155 Put @ 3.95
SPY
#ShortPuts – Bought to Close SPY Jul 21 2023 425.0 Puts @ .17 (sold for 2.20)
TSLA Call
#syntheticcoveredcalls
$TSLA STO 7/21 290 call at 6.15
AI Put / CROX Call
#shortputs
$AI STO 7/14 39 put at .51
#coveredcalls
$CROX STO 7/14 128 call at .70
TQQQ,
STO September 15, 38 puts at 2.02
STC, January 2025, 40 calls at 12.85 for a break even and switching to shorter puts and calls.
SPX same day
#SPX1dte Sold to Open $SPX July 12th 4390/4410-4510/4530 condors for 1.00, deltas -.07 +.05
CPI in June
Up only 0.2%, less than the 0.3% expected. Lowest since February 2021.
Year on year: +3.0% vs 3.1% estimate.
TSLA Call Close
#syntheticcoveredcalls
$TSLA BTC 7/14/290 call at .50. STO 7/7 at 2.95
SPXpire
#SPX1dte Expiring: $SPX July 11th 4325/4345-4455/4475 condors, sold yesterday morning for 1.05.
Will watch market’s reaction to CPI report in the morning and consider trades then.
TLT
#ShortPuts – Not doing much this week. Just enjoying the theta. A little busier next week for monthly expiration.
Rolled TLT Jul 21 2023 103.0 Puts to Aug 18 2023 103.0 Puts @ .55 credit (1.65 total now)
SPY,
STO September 15, 400 puts at 1.89
SPY, BTC July 14, 390…
SPY, BTC July 14, 390 puts at .02, sold at 1.01
SPXpire
#SPX1dte Expiring: $SPX July 10th 4340/4360-4435/4455 condors, sold this morning for .95
Holding until tomorrow: July 11th 4325/4345-4455/4475 condors, sold later in the morning for 1.05. Deltas are down to -.04 +.04. Had I waited to sell now, I would have been 20 points narrower and probably .10 less premium. Perfect sideways day.
PLTR U TMUS AI NET Call
#coveredcalls
$PLTR STO 7/14 16.5 call at .15
$U BTC 7/14 43 call and STO 7/14 41.5 call at added credit of .24
$TMUS STO 7/14 142 call at .35
$AI STO 7/14 42.5 call at .70
$NET STO 7/14 67 call at .56
SPX next day
#SPX1dte Sold to Open $SPX July 11th 4325/4345-4455/4475 condors for 1.05, deltas -.06 +.06, IV 13.95%
This worked last Monday, so trying again, selling next day’s early to get additional width on the wings. This is ahead of Wednesday morning’s CPI report so good chance we chop around today and tomorrow.
NASDAQ 100 Weighting Change
The Nasdaq 100 index is set to adjust the weighting of its 100 components, with the “magnificent seven” stocks Microsoft (MSFT), Apple, Nvidia (NVDA), Tesla (TSLA), Google parent Alphabet (GOOGL), Meta Platforms (META) and Amazon.com (AMZN) currently accounting for more than half the index’s weight.
The Nasdaq 100 special rebalance will take place before the market open on Monday, July 24, to “address overconcentration in the index by redistributing the weights.”
The weighting changes will be announced on Friday, July 14. No stocks will be added or removed.
SPX same day
#SPX1dte Sold to Open $SPX July 10th 4340/4360-4435/4455 condors for .95, deltas -.07 +.06, IV 18.1%
AI Call Roll
#coveredcalls
$AI BTC 7/7 38 call and STO 7/14 39 call at even. Gain $1 if called away.
$U Call
#coveredcalls
$U STO 7/14 43 call at .65
Profitable Compaies
From Venture Capitalist
NVDA
Rolled Jul-14 390/400 #BuPS // Jul-21-2023 395/405 @1.15 credit.
SPY,
STO August 25, 410 puts at 1.87
June Jobs Report
#Jobs — Lower than expected.
Gain of +209,000 non-farm payroll jobs, vs. expected gain of 230K
Unemployment down by 0.1 to 3.6%, as expected
U6 unemployment 6.9%, up by 0.2
Labor force participation 62.6%, unchanged
Average hourly earnings up by 0.4%; 4.4% increase over the year, stronger than expected
May jobs revised down by -33K to +306K
April jobs revised down by -77K to +211K
SPX 1-dte LONG
#SPX1dte Not comfortable going short after today, and especially with another jobs report coming in the morning. I was planning to avoid tomorrow’s *monthly* report, not thinking today’s *weekly* report would shake the market like it did. So I will take a cheap shot at another out-sized move… and consider other trades after the report is released at 8:30am ET
Bought to open $SPX July 7th 4325/4345-4465/4485 condors for .80, deltas -.05 +.06, IV 16.3%
SPX stopped
#SPX1dte Bought to close $SPX July 6th 4410/4390 put spreads for 5.50. I am a lucky bastard that we got this bounce, but I neither deserve a better price if it comes, or want to risk a worse price if we fall.
Upside Warning canceled
#VIXindicator The Upside Warning was canceled today when $VIX spiked 25% above Friday’s close. It went into effect on June 5th, when the close was 4,273.79. The subsequent high of 4,458.48 was on Friday, a 4.3% increase.
SNOW SPY TLT
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few.
SNOW: Adding at the expected move and below all the major moving averages and the week before earnings and near recent lows. (the perfect storm) 🙂 🙂
Sold SNOW AUG 18 2023 145.0 Put @ 3.10
SPY: Adding.
Sold SPY AUG 04 2023 425.0 Put @ 2.45
Sold SPY AUG 11 2023 425.0 Put @ 3.15
TLT: Another round.
Bought to Close TLT JUL 07 2023 104.5 Calls @ .01 (sold for .53 and .54)
Sold TLT JUL 21 2023 102.0 Calls @ .60
TQQQ,
BTC January 2025, 40 puts at 10.50, sold at 11.71, I should have covered yesterday at 9.50 but I got greedy. Any way, It frees up a lot of margin and I am still long the calls.
SPX 1-dte
#SPX1dte Sold to Open $SPX July 6th 4390/4410-4490/4510 condors for .90, deltas -.08 +.06, SPX at 4450, IV 12.2%.
Expiring: 4400/4380 put spreads, sold this morning, and call side of condors sold Monday (4495/4515)
AI
Early roll – AI #Calls (Covered) – Jul-14 37.5 // Jul-28 40 @0.09 debit.
SPX same day
#SPX1dte Sold to Open $SPX July 5th 4400/4380 put spreads for .75. Delta -.07, IV 18.25%
Adding to my already existing 4375/4395-4495/4515 condors, sold Monday morning for 1.25. Futures are at the low end of their overnight range, so making a bet on a drift higher into today’s close. This does however, double my risk on downside. Expected move is only 18.67 at 30 minutes before the open (usually between 20-25 at this time in last couple months).
Bearish Spreads for a short week:
Sold 1 JPM 07/07/2023 152.5/148 Bear Call Spread at $0.25 Credit
Sold 1 TROW 119/113 Diagonal Bear Call Spread at $0.90 Credit
For Next Week:
Sold 1 VNO 25/20 Diagonal Bear Call Spread at $0.31 Credit. Stock closed at 18.65
Sold 1 CE 07/21/2023 135/120 Bear Call Spread at $1.45 Credit. Stock closed at 116.92
Sold 1 LNC 07/21/2023 32.5/27.5 Bear Call Spread at $0.30 Credit. Stock closed at 26.07
Happy Fourth of July
Markets
MSTR
Risk Off – have been rolling this for a while.
BTC MSTR Jul-07-2023 260/270#bups @0.20
NVDA
Roll Jul-07-2023 385/395 #bups // Jul-14-2023 390/400 @1.15 credit.
AI U Call
#coveredcalls
$AI STO 7/3 38 call at $1
$U STO 7/3 44.50 call at $.68
SPX next day
#SPX1dte Sold to Open $SPX July 5th 4375/4395-4495/4515 condors for 1.25, deltas -.07 +.07, SPX at 4448, IV 10.1%.
Jumping in early on this one, at risk of the three hours remaining today spoiling my fun.
SPX same (half) day
#SPX1dte Sold to Open $SPX Jul 5th 4395/4415-4475/4495 condors for .80, deltas -.06 +.07
New Spreads
DLR 125/115 Diagonal Bear Call Spread at$0.75 Credit. Stock $113.87
MDT 93/89 Diagonal Bear Call Spread at$0.36 Credit. Stock $88.10
AI
OptionsExpiration
BOIL 3.5 (pre-split) Covered Calls
LABU 4/5.5 Bull Put Spreads
PNC 110/118 Bull Put Spread
PNC 115/119 Bull Put Spread
PNC 120 Diagonal Put
SOXL 15/20 Bull Put Spreads
SOXL 17.5/20.5 Bull Put Spreads
SOXL 21 Diagonal Puts
SOXL 31/26.5 Bear Call Spreads
SOXL 28/26 Bear Call Spreads
UVXY 4.0 (pre-split) Covered Calls
VXX 26/27/28/29/30/31 Diagonal and Covered Calls
Assignments:
Letting all my LABU stock get called away at 5.50 plus a $1.32 Covered Call Premium.
Got in this on an old put assignment with an adjusted cost of about $4.40
Expirations
F MARA SOXL SPCE LABU
#optionsexpiration
F 13.5 PUT
MARA 11 PUT
SOXL 21,21.5,22,AND 22.50 PUT
SPCE 4 PUT/PROBALLY ASSIGNED
#rolling
ROLLED SPCE 4 AND 4.5 TO NEXT WEEK
ROLLED SOXL 22.5 PUT TO NEXT FRIDAY
ROLLED LABU 6,6.5 AND 7 PUT TO NEXT WEEK AND NEXT WEEK AFTER THAT.
Expirations
#optionsexpiration
$U 44 call
$TSLA 265 call
$SOXL 24.5 put Thank you @walter6871
$AI 32 put
Halfway through 2023
#SPX1dte The halfway mark, and I’m at 17.0% ROI for this strategy. That projects to be 34% annually. I have averaged 1.21 per week, or $3,151 for each 15K invested.
Before my smash up at end of April I was on track for 100% annually (3.00 per week). That goal is not reasonable, as Q1 was a relative breeze to manage. My expectation was and still is 2.00 per week. I am low now because April/May
losses were higher than they would be had I handled it properly. Nonetheless, it was a good lesson. It will be tough to get back to 2.00 average by end of the year, but I’ll try.
No trade for Monday, which is a half day for the market. Premium is just too low to bother with. I will consider a trade or two before the open Monday morning.
Happy Fourth everyone! Refresh your browser for patriotic awesomeness!
TQQQ,
I am back in the 2025 40 calls and still short the 40 puts to help pay for them so my net cost is 7.10 and 19 months for the trade to work out. My worst case is that I have to buy TQQQ at $40.00
SPX risk reversal
#SPX1dte Sold last HALF of #RiskReversal long for 4.78 (legged out): $SPX Jun 30th 4455/4475 call spreads. Entered for -.20 debit last Friday. Sold first half for measly .60 yesterday, not thinking we’d be here today. Short put spread expiring worthless.
It does rescue my week from being a loss, now a small profit.
LABU
Rolled forward a week 1 LABU Jun 30 2023 5.5 Call at $0.08 Credit
Bought to close LABU Jun 30 2023 6.0 Puts at $$0.09, $0.08 and $0.06
Bought to close LABU Jun 30 2023 6.0 Calls at $0.03
Gains on both sides of the straddle
AI Scalp
Buy/Write – AI Jun-30 37.50 Covered Calls @ 37.00
SPY, freeing up cash
BTC July 7, 380 puts at .03, sold at 2.35
BTC July7, 385 puts at .03,sold at 2.80
BTC July 7, 390 puts at .03,sold at 3.35
SPY
#ShortPuts – Bought to Close SPY Jul 07 2023 425.0 Put @ .13 (sold for 2.25)
AI Call Roll
#coveredcalls
$AI BTC 6/30 35 call and sell 7/7 36.5 call at even. Gain $1.50 if called away. Stock at $37.6.
Looks like I picked the wrong time to…
…switch back to shorts. I’m always off on timing. Today we get the rip higher I was expecting this week, but only after I threw in the towel.
Bought to close $SPX Jun 30th 4445/4465 call spreads for 3.70. Condors sold yesterday for 1.05.
My only hope now is the second half of my 4455/4475 LONG call spread. This is 10 points higher than the one I just closed, so I’m rooting for a super rip of a day so I can recoup the loss.
TLT
#CoveredCalls – Early assigned on some short puts at a basis of 101.40. Selling calls prior to the next Fed meeting and rolling other puts setting up covered straddles.
Sold TLT Jul 21 2023 103.0 Calls @ .82
Rolled TLT Jul 07 2023 103.5 Puts to Jul 21 2023 103.0 Puts @ even (1.10 total now)
Options Bistro 