STO 4120/4140 put spread at .30 this morning, then I had to go out and got into a fender bender in the parking lot at the store. I need this trade to work out. LOL
Recent Updates Page 79
SPX stopped
#SPX1dte Bought to close $SPX Apr 27th 4105/4125 call spreads for 2.50. Condors sold yesterday for 1.20
Whipsaw week, two stop outs on opposite ends. After the quick surge from 4089 to 4096, stopped out on the pull back.
PFE Stock
Started a tiny new position in PFE at $39.00. Div = 4.1%
Q1 2023 Earnings Expected 05/02/2023
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 27th 3970/3990-4105/4125 condors for 1.20. Deltas reversed from -.06 +.07 to be -.07 +.06 between entering order and the fill.
SPY
sto SPY 12 MAY 2023 388 PUT @1.62
sto SPY 26 MAY 2023 395 PUT @4.39
SPX risk off
#SPX1dte Bought to close $SPX Apr 26th 4025/4005 put spreads for .10. Condors sold this morning for 1.20.
VXX Put
Sold 1 VXX Apr 28 2023 38.5 Put at $0.19.
Sold a whole lot of VXX Calls yesterday so no additional margin
#smallbuy #dividends .64 monthly payer…
#smallbuy
#dividends .64 monthly payer
BOT TLTW @34.21
Tidals version of TLT
same like TSLY tidals version of TSLA
PNC
A big move for a big regional bank considering it’s normal trading range is much calmer (from below 121.50 yesterday to about 128.50 today)
Putting on some diagonal bear call spreads for future weeks:
Bought 1 PNC May 12 2023 150.0 Call/ Sold 1 PNC May 05 2023 134.0 Call at $0.35 Credit
Bought 1 PNC May 19 2023 150.0 Call/ Sold 1 PNC May 05 2023 135.0 Call at $0.75 Credit
Bought 1 PNC May 19 2023 150.0 Call/ Sold 1 PNC May 12 2023 135.0 Call at $1.09 Credit
VIX Put
The VIX index seems to be retreating
Bought to close 1 VIXW May 03 2023 18.0 Put at $0.23. Sold at $0.29
Sold to open 1 VIXW May 03 2023 17.0 Put at $0.10 against a long position of a 16.0 Put
SPX,
STO 4005/4025 put spread at .50 this morning
SPX same day
#SPX1dte Sold to Open $SPX Apr 26th 4005/4025-4125/4145 condors for 1.20, deltas -.06 +.07.
Futures were fairly calm over night, so perhaps yesterday was an isolated event. Regardless I will be watching closely today.
SPY
#ShortPuts – One quick fill today.
Sold SPY May 26 2023 395.0 Put @ 3.22
VIX OptionsExpiration
On 4/20 sold 1 VIXW Apr 26 2023 35/19 Bear Call Spread at $0.75 Credit
At 4:08 today, covered the short Call at $0.30.
Probably didn’t need to do that though but the VIX did get above 19.80 briefly
The other spread I sold later that day, 1 VIXW Apr 26 2023 30/20 Bear Call Spread sold at $0.42 will likely expire
The final settlement of the VIX contracts are determined on the open tomorrow
This is because it is an AM settled option.
The government just announced that…
The government just announced that they are taking over FRC
SPX stopped
#SPX1dte Bought to close $SPX Apr 25th 4085/4065 put spreads for 4.60. Condors sold this morning for 1.10.
Biggest debit of 2023 thus far. May be my first losing week of the year, but I think I can get it to be a bit on positive side..
VXX Call Ladder
Sold VXX Apr 28 2023 42.0 Calls at $0.60 and $0.69
Sold VXX Apr 28 2023 42.5 Calls at $0.43, $0.54 and $0.59
Sold VXX Apr 28 2023 43.0 Calls at $0.45, $0.52 and $0.53
Sold VXX Apr 28 2023 43.5 Calls at $0.41 and $0.43
Sold VXX Apr 28 2023 44.0 Calls at $0.33 and $0.36
Sold VXX Apr 28 2023 44.5 Call at $0.32
Sold VXX Apr 28 2023 45.0 Call at $0.28
Sold VXX Apr 28 2023 45.5 Call at $0.25
Sold VXX Apr 28 2023 46.0 Call at $0.22
Sold VXX Apr 28 2023 46.5 Calls at $0.20, $0.21 and $0.27
Sold VXX Apr 28 2023 47.0 Calls at $0.22 and $0.24
Sold 1 VXX Apr 28 2023 47.5 Call at $0.30
Sold 1 VXX Apr 28 2023 48.5 Call at $0.21
Pretty much done with VXX until Friday
KMB USB CFG Stocks
Sold a tiny position in KMB at $144.86. Bought on 03/08/2022 at $124.11 and got a year’s worth of dividends too.
#FormerFallingKnife
Added to my tiny USB position at $32.24.
Added to my tiny CFG position at $28.00
#SP500 #FallingKnife
SOXL
#rolling
#kickthecan
SOXL 12 MAY 2023/28 APR 2023 12 CALL @.30
SOXL 5 MAY 2023/28 APR 2023 15.5 PUT @.24
SPX same day
#SPX1dte Sold to open $SPX Apr 25th 4065/4085-4155/4175 condors for 1.10, deltas -.07 +.08
Going a little looser on deltas to get some premium, but certainly higher risk to whippy days.
META Earnings Iron Condor
#earnings #ironcondor
Earnings Wednesday after the close.
$META STO 4/28 185/190 – 240/235 at 1.40
MARA FRC Call
#coveredcalls
$MARA STO 4/28 10 call at .30
$FRC STO 4/28 16.50 call at 1.65
Well the $FRC cover not a good idea. Stock down $3.54 after hours, clearly surpassing the $$1.65 for the cover.
SPY
#spy7dte
STO SPY 1 MAY 2023 398/394 PUT @.14
VIX one-day index launches
Further to Iceman’s post from Friday, the new one-day $VIX index launched this morning, ticker $VIX1D
https://www.prnewswire.com/news-releases/cboe-global-markets-launches-1-day-volatility-index-designed-to-measure-volatility-over-current-trading-day-301805109.html
SOXL Put, Boil Call
Sold 1 BOIL Apr 28 2023 4.0 Covered Call at $0.05
Sold 1 SOXL Apr 28 2023 13.5 Put at $0.16
Paired with my SOXL Apr 28 2023 16.5 Short call for a total strangle premium of $0.42
#OnlySpreads
META
#onlyspreads
STO META 28 APR 2023 177.5/167.5 PUT @.40
SPX same day
#SPX1dte In pre-market, sold to open $SPX Apr 24th 4070/4090-4165/4185 condors for .95, deltas -.07 +.06
SPY
#onlyspreads
sto SPY 21 APR 2023 410/406 PUT @.35 /expired
—
#spy7dte
sto SPY 28 APR 2023 396/392.5 PUT @.13
sto SPY 28 APR 2023 397/393 PUT @.14
OptionsExpiration
BOIL 4.0, 4.5, 5.0 and 5.5 Covered Calls
LABU 3.5/5.5 Bull Put Spreads
SOXL 21.5/17 Bear Call Spread
SOXL 11.5/13.5 Bull Put Spread
SOXL 12/14 Bull Put Spread
SOXL 12/14.5 Bull Put Spread
UVXY 4.5 and 5.0 Covered Calls
VXX 64/48 Bear Call Spreads
VXX 58/48.5 Bear Call Spread
VXX 57/45.5 Bear Call Spread
VXX 56/45 Bear Call Spread
VXX 56/44.5 Bear Call Spreads
VXX 55/44 Bear Call Spreads
VXX 54/43.5 Bear Call Spread
VXX 53/43 Bear Call Spread
VXX 42.5, 42.0, 41.5 and 41.0 Diagonal Calls
VXX 30/38 Bull Put Spreads
VXX 31/38 Bull Put Spreads
VXX 32/39 Bull Put Spreads
VXX 39.0 Diagonal Puts
VXX Puts
Now that my VXX Apr 21 39.0 Puts are expiring I’m selling some for next week.
Sold VXX Apr 28 2023 37.0 Diagonal Puts at $0.22, $0.25 and $0.29
Sold against existing long VXX May Puts
#VXXContango
SPX 1-dte
#SPX1dte Not trading for Monday, gonna wait for the morning.
AMZN Stock
Sold the last of my tiny AMZN stock position at $108.01
Bought on 11/09/2022 at $88.00
#FormerFallingKnife #RaisingCash
PNC Calls
Rolled a whole bunch of PNC April 21 2023 Calls up 4 points each for just one more week
Rolled PNC 127 Covered Call to PNC 131 Covered Call at $0.39 Credit
Rolled PNC 128 Call to PNC 132 Call at $0.29 Credit
Rolled PNC 129 Call to PNC 133 Call at $0.24 Credit
Rolled PNC 130 Call to PNC 134 Call at $0.19 Credit
All this while PNC was actually falling on the day
LABU Call Roll, SOXL Put sale
Bought to close LABU Apr 21 2023 6.0 Diagonal Calls at $0.06. Sold at $0.16
Rolled them to LABU Apr 28 2023 6.5 Diagonal Calls at $0.08 for a $0.02 Credit and a $0.50 higher Strike
Bought to close 1 LABU Apr 21 2023 6.0 Covered Call at $0.06
Sold 1 LABU Apr 28 2023 6.0 Covered Call at $0.28
Why is LABU so strong on Friday recently??
The rest of the market = ZZZZZZZZZZzzzzzzzzzzzzzz
Sold 1 SOXL Apr 21 2023 14.5 Put at $0.12
0DTE
The VIX Is Dead, Long…
The VIX Is Dead, Long Live The 0DTE VIX
https://www.zerohedge.com/markets/vix-dead-long-live-0dte-vix
VXX Trades
Closed 1 VXX 38/48 short strangle at $0.02. Sold last Friday at $0.45
Bought to close 1 VXX Apr 21 2023 41.0 Covered Call at $0.21. Sold at $0.46
Rolled it up to 1 VXX Apr 28 2023 46.0 Covered Call at $0.53
Later:
Bought to close VXX Apr 21 2023 40.5 Covered Calls Net Credit at $0.04. Sold yesterday on a rolldown at a $0.58 Average
Rolled them UP to VXX Apr 28 2023 48.0 Covered Calls at $0.27 for a $0.23 Credit with a big jump in the short strike
Bought to close VXX Apr 21 2023 43.5 Covered Calls at $0.01. Sold them at $0.22 earlier this week
Rolled them UP to VXX Apr 28 2023 48.0 Covered Calls at $0.30 for a $0.29 Credit
Bought to close 1 VXX Apr 21 2023 42.0 Covered Call at $0.01. Sold at $0.34 yesterday
Rolled it UP to 1 VXX Apr 28 2023 48.0 Covered Calls at $0.30 for a $0.29 Credit
SPX risk off
#SPX1dte Bought to close $SPX April 21st 4055/4035 put spreads for .10. Condors sold yesterday for 1.05. Risk still ON for call side, but it seems the precipitous moves this week have been downward.
Lesson learned last week: If I get to the end of the week and I’m at or above my 3.00 target, lean toward taking risk off and ending the week strong, rather than last week when the final two hours of day chopped 2.20 off my week.
Provided no upside surge today, week’s profit is +4.00
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 21st 4035/4055-4165/4185 condors for 1.05, SPX at 4120, deltas -.06 +.07
Expiring: Apr 20th 4075/4095-4205/4225 condors, sold yesterday for .90
VXX Call Rolldown for this week
Trying for a bit of extra premium 1DTE
Doing what I can to keep my VXX 39.0 short puts out of the money
Bought to close VXX Apr 21 2023 42.0 Covered Calls at $0.28 and $0.29. Sold earlier this week at $0.31 and $0.33
Bought to close 1 VXX Apr 21 2023 42.5 Covered Call at $0.22. Sold earlier this week at $0.27
Bought to close 1 VXX Apr 21 2023 43 Covered Call at $0.18. Sold earlier this week at $0.24
Sold VXX Apr 21 2023 40.5 Covered Calls at $0.56, $0.57, $0.58 and $0.59
Since the calls are covered, if I have to roll them back up, I will (for a credit of course)
#DoubleDip
I am going to hold…
I am going to hold off on a trade until tomorrow. There are more earnings and it could have a effect on the market tomorrow morning and the FED head is not helping.
LABU SOXL Call Rolls
Moving early so I have less to worry about tomorrow
Rolled 1 LABU Apr 21 2023 5.5 Call to next week’s LABU Apr 28 2023 5.5 Call at $0.14 Credit
#OnlySpreads
Still have LABU Covered Calls at the same strike that I will hold until near the close tomorrow
Rolled UP 1 SOXL Apr 21 2023 15.5 Call to next week’s SOXL Apr 28 2023 16.5 Call at $0.04 Credit and bumped the short strike up above this week’s HIGH price
#OnlySpreads
VIX Bear Call Spreads
A couple more on the open:
Bought 1 VIXW Apr 26 2023 35 Call at $0.07
Sold 1 VIXW Apr 26 2023 19 Call at $0.82 for a $0.75 Credit
Bought 1 VIXW May 03 2023 35 Call at $0.21
Sold 1 VIXW May 03 2023 22 Call at $0.80 for a $0.59 Credit
PACW put spread
#speculation #bullputspreads #assignment
Sold this $PACW Apr 21st 15/10 put spread for 3.70 on March 17th, and it fizzled out, failing to get above 11 until yesterday. I was on a plane when it peaked at 11.71 so didn’t close. Last night, ASSIGNED on the short puts on over half of the spreads. Today, looking to close remaining SPREADS for 3.50, breakeven covering commissions. Also will look to sell stock if we get over 11.50, which would be effectively the same. Earnings are next week so no interest in holding on to the stock longer.
SPX,
STO 4070/4090 put spread at 1.15 in the pre market.
SPY
#optionsexpiration
#onlyspreads
SPY 19 APR 2023 412/408 PUT STO@.30
VIX Bear Call Spreads
The VIX index just hit a new 52-week low at 16.17, pressuring my bull put spreads
As a partial offset I put on the following VIXW (Vix Weekly) Bear call spreads.
Bought 1 VIXW May 03 2023 35.0 Call at $0.11
Sold 1 VIXW May 03 2023 21.0 Call at $0.64 for a $0.53 Credit
Bought 1 VIX May 17 2023 42.5 Call at $0.22
Sold 1 VIX May 17 2023 26.0 Call at $0.77 for a $0.55 Credit
With my long VXX and UVXY stock benefiting greatly if the VIX rallies, I’m not likely to be pressured to close these prematurely.
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 20th 4075/4095-4205/4225 condors for .90. SPX at 4156. Deltas -.06 +.06. Only partial fill so far but about to board a plane. That’s why I’m selling earlier than usual.
Expected to Expire: Apr 19th 4090/4110-4200/4220 condors, sold yesterday for 1.00
UVXY Covered Calls
Couldn’t get any premium for this week so went out a couple of weeks
Sold to Open UVXY May 05 2023 5.5 Calls at $0.11
Sold to Open UVXY Apr 28 2023 5.0 Calls at $0.07.
Waiting for volatility to return to this market.
ALGN Stock
Sold all of my ALGN stock at $356.01.
Started buying in Jan 2022 at $494.00 and stopped after 7 buys on 10/27/2022 at $178.00
Overall, made 7.5% (with no dividend income) and not worth the hassle.
I don’t often buy no dividend stocks any more
This frees up a bit of cash as the market looks toppy
#FormerFallingKnife #RaisingCash
SOXL SPY
#rolling
SOXL 28 APR 23/21 APR 2023 15.5 PUT @.32 credit
#onlyspreads
Sto SPY 19 APR 2023 412/408 PUT @.30
STO 4070/4090 put spread at…
STO 4070/4090 put spread at .80 in the premarket
SPX 1 DTE
#spx1dte
$SPX STO 4/19 4085/4105 – 4220/4200 at .95
Expired
SPX 4075/4095 – 4210/4190 Sold at .95
SPX out
#SPX1dte Bought to close $SPX Apr 18th 4140/4120 put spreads for .85. Sold for 1.30 this morning.
Market just too unstable and close to my strike. I will post tomorrow’s trade in comments, but waiting until final minutes of the day.
JPM Stock
Sold a tiny bit of JPM at $141.38.
Bought on 03/07/2022 at $129.00
#FormerFallingKnife #RaisingCash
SCHW Put / SGML Call
#shortputs
$SCHW STO 4/21 53 put at .52
#coveredcalls
$SGML STO 4/21 40 call at .45
MARA Put Close
#shortputs
$MARA BTC 4/21 10 put at .05. STO at .88 on 4/12
SPX stop and roll
SHOP U PLL Call
#coveredcalls
$SHOP STO 4/21 50 call at .51
$U STO 4/21 31.5 call at .31
$PLL STO 4/21 60 call at .65
It looks like no trade…
It looks like no trade for me for tomorrow because there is not enough premium or volatility.
SPX,
BTC 4020/4040-4180/4200 at .25 and a partial at .20because I had a nice profit on a large position and did not want to give it back.
SOXL
STO SOXL 21 APR 2023 13.5 PUT @.13
STO SOXL 21 APR 2023 14 PUT @.22
BOIL LABU SOXL VXX
Sold BOIL Apr 21 2023 4.0 Covered Calls at $0.10
Sold LABU Apr 21 2023 6.0 Covered Calls at $0.08 and $0.15
Sold 1 SOXL Apr 21 2023 13.5 Put at $0.12
Sold 1 SOXL Apr 21 2023 14.0 Put Limit at $0.21
Sold VXX Apr 21 2023 39.0 Puts at $0.27 and $0.28
Sold VXX Apr 21 2023 38.0 Puts at $0.08, $0.09, $0.10 and $0.11
SPX 1-dte SAME DAY
#SPX1dte In pre-market, sold to open $SPX 4075/4095-4175/4195 condors for 1.00, deltas -.06 +.06
At the close yesterday, STO…
At the close yesterday, STO 4020/4040-4180/4200 iron condor at..75 cents. The delta on the put side is .02 and call side is .12
Expirations
#optionsexpiration
$PFE 42.50 call
$SHOP 50 call
$U 32.5 call
SPX…
Expired….$SPX April 14th 4055/4075-4195/4215 condors, sold yesterday for 1.00..
#SPX1dte
OptionsExpiration
== Expired==
BOIL 4.0 Covered Calls
BOIL 4.5 Covered Calls
BOIL 2.5/3 Bull Put Spread
LABU 5.5 Covered Call
LABU 7/5.5 Bear Call Spread
LABU 3/5 Bull Put Spreads
SOXL 21/18 Bear Call Spread
SOXL 19.5/17 Bear Call Spread
SOXL 10/15 Bull Put Spreads
SOXL 14.5 Diagonal Puts
SOXL 14.0 Diagonal Puts
UVXY 7/4.5 Bear Call Spreads
UVXY 5.0 Covered Calls
UVXY 5.5 Covered Calls
VXX 70/53 Bear Call Spreads
VXX 69/51 Bear Call Spreads
VXX 68/49 Bear Call Spread
VXX 68/48.5 Bear Call Spread
VXX 68/48 Bear Call Spread
VXX 67/46 Bear Call Spreas
VXX 66/47 Bear Call Spread
VXX 65/46.5 Bear Call Spread
VXX 48.0, 49.0, 50.0, 51.0 and 52.0 Covered Calls
VXX 46.0, 45.5, 45.0, 43.0 and 42.5 Diagonal Calls
VXX 40.5 Diagonal Puts
==Assignments==
BOIL 4.0 Puts
AMZN TLT XBI
#ShortPuts #SyntheticCoveredCalls #CoveredCalls – That’s it for me for a couple weeks. Taking a little vacation for some golf and fishing and catching up with some old friends. Looking forward to the May 5 expiration now! Enjoy and let’s see VIX back above 20 by then. LOL I’ll be reading the forum when I can…happy trading!
AMZN: Synthetic covered call rolls.
Rolled AMZN APR 21 2023 95.0 Calls to MAY 05 2023 98.0 Calls @ .05 debit (2.30 total now)
Rolled AMZN APR 21 2023 96.0 Calls to MAY 05 2023 99.0 Calls @ .25 credit (2.75 total now)
Rolled AMZN APR 21 2023 97.0 Calls to MAY 05 2023 100.0 Calls @ .55 credit (3.40 total now)
Rolled AMZN APR 21 2023 101.0 Calls to MAY 05 2023 100.0 Calls @ 3.55 credit (5.50 total now)
TLT: Rolling short puts for additional credit.
Rolled TLT APR 14 2023 107.5 Puts to MAY 05 2023 108.0 Puts @ 1.50 credit (2.65 total now)
XBI: Booking a few short puts and rolling covered and synthetic covered calls.
Bought to Close XBI APR 21 2023 75.0 Puts @ .25 (sold for 1.75)
Rolled XBI APR 14 2023 77.0 Calls to MAY 05 2023 78.0 Calls @ .85 credit (2.90 total now)
Rolled XBI APR 14 2023 77.0 Calls to MAY 05 2023 79.0 Calls @ .25 credit (1.35 total now)
VXX Puts
Bought to close VXX Apr 14 41.5 Puts at $0.20. They got too far in the money this morning to not bail out before the close.
Sold them over the last week at $0.23 and $0.34
I’ve still got VXX Puts at 41.0 and 40.5 that should expire today
VXX Calls
0DTE Scalps
Sold VXX Apr 14 2023 42.5 Calls at $0.14
Sold 1 VXX Apr 14 2023 43.0 Call at $0.12
SCWB Put Close / META BUPS Close
#shortputs
BTC 4/14 52 put at .60. Took in 1.80 over two rolls
#bups
$META BTC 4/21 180/185 BUPS at .10. STO at 2.10
SOXL Call Roll
Bought to Close 1 SOXL Apr 14 2023 15.0 Call at $0.65. Sold last week on a rollup at $1.38
Sold to Open 1 SOXL Apr 21 2023 15.5 Call at $0.75 plus an extra $0.50 on the short strike
#OnlySpreads
PLL Call Close
#coveredcalls
$PLL BTC 4/21 65 call at .10. STO at .95
LABU
LABU 21 APR 2023/14 APR 0223 5.5 PUT @.17 credit
LABU 21 APR 2023/14 APR 2023 4.5 CALL @.03 credit
XBI Call Roll
#coveredcalls
$XBI BTC 4/14 78.50 call and STO 4/21 79.50 call at .17 added credit and $1 more if called away
Options Bistro 