I am thankful for all of you at this site. Appreciate your teaching and your fellowship. Special thanks to @jeffcp66 who makes this all possible.
Recent Updates Page 79
QQQ,
STO December 29, 360 puts at 1.01
STO January 5, 360 puts at 1.28
AI Call Roll / NVDA Call / SPX
#coveredcalls
$AI BTC 11/24 30 call and STO 12/1 30.50 call at added credit of .50 and .50 extra if called away
$NVDA BTC 11/24 525 call at 1.10. Sold last night at 8.75.
#spxcampaign
$SPX STO 4495/4515/4590/4570 at 2.45 Made a booboo on entry so closed the call side for 1.47. Credit of .70 for the mistake call. Still in Put side
Sold after the dip
$SPX STO 11/22 4525/4530 BUPS at .80.
SPX
#BearCallSpreads – Taking a shot up at the even number for Monday. Starting small so might add on bounces. Hoping to leg into the BuPS at some point also.
Sold SPX Nov 27 2023 4600/4605 Bear Call Spreads @ .75
NVDA
#BullPutSpreads – Couldn’t resist.
Sold NVDA Dec 15 2023 450.0/440.0 Bull Put Spreads @ 1.90
SPX
Almost #0DTE – Gotta go so bailed on the first dip. Good enough!
Bought to Close SPX 4495/4500/4575/4580 @ .70 (sold for 1.55)
SPX trades 11/22
#SPX1dte Sold to Open $SPX Nov 22nd 4495/4515-4585/4605 condors for 1.00, deltas -.09 +.06, IV 17.1%
SPY Rolls and Expiration
Rolled 1 SPY Nov 21 2023 455 Call to 1 SPY Nov 22 2023 456 Call at $0.37 Credit
Rolled 1 SPY Nov 21 2023 456 Call to 1 SPY Nov 22 2023 457 Call at $0.21 Credit
Some short SPY Nov 21 2023 454 Calls expired wothless.
#OnlySpreads
$SPX 0DTE
#spxcampaign
$SPX STO 11/21 4510/4515 BUPS at .90. Sold after the morning dip. BTC for .05. Thanks to @fuzzballl for the $5 wide idea and always to @jeffcp66 (aka the Father of the SPX trade). I’m obviously missing something, but the 5 wide seems to have good premium vis a vis the 20 wide with much lower downside when all goes Poof! ??????
SPX
Almost #0DTE – Legged in on the morning swings for tomorrow.
Sold 4495/4500/4575/4580 @ 1.55
TQQQ,
STO December 8, 40 puts at .51
NVDA Condor
Sold 1 NVDA Nov 24 2023 445/450/545/550 Condor at $1.41 Credit
#OnlySpreads #Earnings
JWN Put
Sold 1 JWN Nov 24 2023 12.5 Put at $0.13.
#Earnings
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 21st 4490/4510-4590/4610 condors for .95, deltas -.08 +.05, IV 10.95%
Earnings this week
What news just hit?
Anyone know reason for sudden pop?
SPX **Paper Trade**
EDIT: Adding this so I can search and find this post only for later reference. 🙂 🙂
fuzzyspxpapertrade
#0DTE – After looking back on some past attempts at this I feel like 5 wide works pretty good for me minimizing losses if a repair is needed. Really pushing my luck today hoping to need a repair just to see how it turns out. The repair would be selling the opposite side if short side is breached….(not turning it into an iron fly but more aggressively selling the same exact strikes on the opposite side).
Today so far central time
1. Sold call spread on early pop.
2. Sold put spread on the drop.
3. Closed original call spread. (real account would have stopped adding here)
4. Sold another call spread on pop.
5. Closed put spread.
Holding here with 4540 as the line in the sand for repair with alert set for 4538. 1.85 premium in the bank so would look for as close to 3.15 on a repair as I can get. I have the put spread repair in open orders now with a 5.00 price for easy access if needed. A quick adjust to the price and send it if needed.
Tiny gains
Sold more of my tiny positions in:
PARA at $13.50 and 13.75
INTC at $43.83
UPS at 148.20
GPS at $18.13
#SP500 #FormerFallingKnife
New Puts
Sold 1 CMA Nov 24 2023 43 Put at $0.15
Sold 1 AAP Nov 24 2023 47 Put at $0.15
Sold 1 CVS Nov 24 2023 67 Put at $0.19
Sold 1 USB Nov 24 2023 36.5 at $0.20
Sold 1 HPQ Nov 24 2023 25.5 Put at $0.11
SPX trades 11/20
#SPX1dte Sold to Open $SPX Nov 20th 4460/4480-4540/4560 condors for 1.40, deltas -.09 +.10, IV 16.8%
This may be narrowest condor I’ve sold in early AM and also highest deltas. The next deltas out were -.07 and only +.04. So I went more aggressive with a width of 60 rather than 70. Market is expecting a quiet holiday week.
Economic Calendar 11/20 – 11/24
Market closed on Thursday, and closes early on Friday (1pm ET)
OptionsExpiration
CVS 73 Covered Calls
LNC 25 Covered Call
UVXY 14 Covered Calls
WBA 22.5 Covered Calls
Bear Call Spreads expiring:
UVXY
VXX
WM
WMT
AAP
COF
PENN
Condor expiring:
NVDA
Assignments
TGT Covered Call
TSN Covered Cal
Both reversing old put assignments
MELI roll
With the stock at 1461, rolled Dec 15 1250 put up and out to Jan 19 put (17 delta) @ 16.75 credit. Strike is around the 200 day moving average. With rolls, total premium taken in now 59.01.
SPX trades 11/17
#SPX1dte Going for another #RiskReversal. If it doesn’t pull through I will sell a lower call spread.
Sold to Open $SPX Nov 17th 4475/4455 put spreads, delta -.08
Bought to Open Nov 17th 4565/4585 call spreads, delta +.04
Net CREDIT .10
XBI
#CoveredCalls – Re-loading.
Bought to Close XBI Nov 17 2023 72.0 Calls @ .09 and .10 (sold for .48)
Sold XBI Dec 15 2023 75.0 Calls @ .75
NVDA Condor 1DTE
Sold 1 NVDA Nov 17 2023 505/502.50 Bear Call Spread at $0.36 Credit
Sold 1 NVDA Nov 17 2023 480/482.50 Bull Put Spread at $0.40 Credit
#Earning NEXT week
#OnlySpreads
MMM Assignment
Sold MMM at $95.00 on a Covered Call Assignment so the buyer could get the $1.50 quarterly dividend.
Not crying about it because I got the stock on an old Put assignment at $89.00.
Back to cash.
#CoveredCalls
DG Covered Call
Another week – another rollup
Bought to Close DG Nov 17 2023 117 C0vered Calls / Sold to Open DG Nov 24 2023 118 Calls at $0.25 Credit plus another point higher on the short strike.
#CoveredCalls
SPX trades 11/16
#SPX1dte Sold to Open $SPX Nov 16th 4440/4460-4545/4565 condors for 1.00, deltas -.07 +.06, IV 20%
QQQ,
STO December 1, 385 puts at 4.21
SPY Diagonal Condor
Bought 1 SPY Nov 17 2023 457 Call and 442 Put
Sold 1 SPY Nov 16 2023 452 Call and 447 Put all for a $0.64 Credit
#OnlySpreads
SPY
#ShortPuts – Let’s try to stir things up a little. Selling the expected move and the 50 day.
Sold SPY Dec 15 2023 435.0 Puts @ 2.06
Taking gains
Lightening up on a previous #FallingKnife stocks
TSN at $48.38
SWK at $90.71
#FormerFallingKnife
SPX 0 DTE
#spxcampaign
$SPX STO 11/15 4570/4550 call at .55
SPX trades 11/15
#SPX1dte Super late to game but with retail sales number coming and already strong $TGT earnings, going with bullish #riskreversal…
Sold $SPX Nov 15th 4460/4440 put spreads, delta -.08
Bought 4570/4590 call spread, delta +.05
Net CREDIT .05
SPY
#ShortPuts – Taking about 65 to 70 percent a month early.
Bought to Close SPY Dec 15 2023 420.0 Put @ .92 (sold for 3.00)
Bought to Close SPY Dec 15 2023 425.0 Put @ 1.22 (sold for 3.40)
$SHOP rollout
With the stock at 65.78, rolled 11/17 65 puts out to 12/15 65 puts @ 1.87 credit.
With rolls, this position still has an overall negative because of a debit roll I did on 10/5 with the stock around 52. It has now recaptured the strike, and I’m staying with it. Now negative overall 1.61.
QQQ,
STO December 29, 350 puts at 1.26
Taking gains
Lightening up on some previous #FallingKnife stocks
ARE at $99.16
ARE again at $103.77
VNO at $23.05
TFC at $31.27
ZION at $34.37
ZION again at at $36.01
USB at $36.28
CMA at $44.54
BXP at $57.28
SWK at $86.80
#FormerFallingKnife
HD Put Spread
Bought to close 1 HD 11/17/2023 267.50 / 272.50 Bull Put Spread at $0.02. Sold yesterday at $0.52 prior to #Earnings
#OnlySpreads
SPX trades 11/13
#SPX1dte Waiting for the open to sell. Call premiums are much higher than put premium at comparable deltas.
Inflation flat in October
Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy.
The consumer price index, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month, according to seasonally adjusted numbers from the Labor Department on Tuesday. Economists surveyed by Dow Jones had been looking for respective readings of 0.1% and 3.3%.
Headline CPI had increased 0.4% in September.
https://www.cnbc.com/2023/11/14/cpi-inflation-report-october-2023.html
SPY Diagonal Bear Call Spreads
Bought 1 SPY Nov 15 2023 446 Call / Sold 1 SPY Nov 14 2023 441 Call at $1.47 Credit
Bought 1 SPY Nov 15 2023 447 Call / Sold 1 SPY Nov 14 2023 442 Call at $0.70 Credit
Bought 1 SPY Nov 15 2023 448 Call / Sold 1 SPY Nov 14 2023 443 Call at $0.47 Credit
#OnlySpeads
HD Put Spread
Sold 1 HD 11/17/2023 267.50 / 272.50 Bull Put Spread at $0.52 Credit
#OnlySpreads
New Weekly Spreads
Sold 1 AAP 68/64 Bear Call Spread at $0.62 Credit
Sold 1 WM 175/172.5 Bear Call Spread at $0.65 Credit
Sold 1 WMT 180/175 Bear Call Spread at $0.37 Credit
Sold 1 QCOM 132/127 Bear Call Spread at $0.37 Credit
Sold 1 UVXY 18/13.5 Bear Call Spread at $0.22 Credit
Sold 1 TGT 90/95 Bull Put Spread at $0.38 Credit
Sold 1 TGT 125/120 Bear Call Spread at $0.43 Credit
#OnlySpreads
Puts Expiring and the replacements
Expired Friday:
DVN 42.5 Put
EBAY 36.0 Put
GM 26.0 Put
MOS 31.0 Put
TPR 24.5 Put
New Positions for this week:
AAP 46.0 Put at $0.57
BBWI 25.0 Put at $0.20
TGT 98.0 Put at $1.09
Strikes are below 52-Week Lows
QQQ,
STO December 15, 350 puts at 1.44
STO December 22 ,350 puts at 1.94
SPX trades 11/13
#SPX1dte Sold to Open $SPX Nov 13th 4345/4365-4450/4470 condors for 1.00, deltas -.06 +.05, IV 20.3%
Economic Calendar for 11/13 – 11/17
CPI report is Tuesday morning
Bullish on TTD
Post-earnings, intraday, the stock has put in a low and is pushing the HOD further up. Taking into account the market strength, I still believe the reaction was oversold. Willing to be a bit more aggressive on this put sale.
Sold $TTD Jan 19 2024 60 puts @ 2.54. Delta 29.
TSN UVXY Covered Calls
Bought to close 1 TSN Nov 10 2023 48.0 Covered Call at $0.03
Sold to open 1 TSN Nov 17 2023 50.0 Covered Call at $0.59 plus a 2 point higher strike.
Bought to close UVXY Nov 10 2023 13.5 Covered Calls at $0.01
Sold to open UVXY Nov 17 2023 14.0 Covered Calls at $0.23 plus a $0.50 higher strike.
#CoveredCalls
SPY
#ShortPuts – My new style of scalping. Only doing this at obvious support levels. Doesn’t require watching all day….which I rarely do. 3 for 3 this week just selling slightly in the money on pullbacks close to the 50 day.
Bought to Close SPY Nov 10 2023 435.0 Puts @ .28 (sold yesterday afternoon @ 1.90)
This works better for me since it’s something I don’t mind holding and trading around if assigned. Eventually it’ll get too far above the 50 day so too risky or it’ll implode and I’ll need to manage by rolling or taking stock.
Closing the spread short side
Bought to close 1 AAP 11/10/2023 57.0 Call at $0.05.
Bought to close 1 COF 11/10/2023 105.0 Call at $0.05.
Bought to close 1 COF 11/10/2023 104.0 Call at $0.05.
Bought to close 1 GNRC Nov 10 2023 105.0 Call at $0.05
Bought to close 1 GNRC Nov 10 2023 98.0 Put at $0.04
Bought to close 1 EXPE 11/10/2023 123.0 Call at $0.01
Bought to close 1 DIS 11/10/2023 91.0 Call at $0.01
Bought to close PENN 11/10/2023 24.0 Calls at $0.01
Bought to close 1 WBD 11/10/2023 9.5 Put at $0.01
Bought to close 1 WYNN 11/10/2023 97.0 Call at $0.01
Buy to close 1 SPY 11/10/2023 431.0 Put at $0.01
All these trades at contract minimums
SPX trades 11/10
#SPX1dte Sold to Open $SPX Nov 10th 4290/4310-4400/4420 condors for .90, deltas -.05 +.05, IV 21.3%
NEM BBY Stocks
Bought a tiny bit of both below prior lows
NEM at $34.00. Div = 4.60%
BBY at $63.00. Div = 5.75%
#SP500 #FallingKnife
SPY Expiration
1 SPY 446/440 Bear Call Spread
1 SPY 426/431 Bull Put Spread
1 SPY 429/433 Bull Put Spread
#OnlySpreads
QQQ,
STO November 24, 350 puts at .70
AAP COF Calls Closed
Bought to close 1 AAP Nov 10 2023 59.0 Call at $0.05. Sold on a spread roll last Friday at $0.58
Bought to close COF Nov 10 2023 107.0 Calls at $0.05. Sold on a spread roll last Friday at $0.95
#OnlySpreads
SPY Condor 1DTE
Sold 1 SPY Nov 10 2023 443/439/432/427 Iron Condor at $0.59
#OnlySpreads
TGT MMM DG Covered Calls
Bought to close 1 TGT Nov 10 2023 117.0 Covered Call at $0.01
Sold to open 1 TGT Nov 17 2023 117.0 Covered Call at $1.35.
TGT is currently at $108.20
Bought to close 1 MMM Nov 10 2023 95.0.0 Covered Call at $0.05
Sold to open 1 MMM Nov 17 2023 95.0 Covered Call at $0.30
Bought to close DG Nov 10 2023 116.0.0 Covered Calls at $3.52
Sold to open DG Nov 17 2023 117.0 Covered Calls at $4.02 for a $0.50 Credit PLUS raised the short strike another point.
Rolling MELI again
With the stock at 1373, rolled Dec 15 1170 put up to 1250 put (17 delta) @ 8.60 credit. Strike is around the 200 day moving average. With rolls, total premium taken in now 42.26.
SPX trades 11/9
#SPX1dte Sold to Open $SPX Nov 9th 4355/4335 put spreads for .65, delta -.10, IV 20.2%
Upside Warning in effect
#VIXindicator Third consecutive $VIX close below the 78.6% retracement means an Upside Warning. Expect possibility of higher market in coming days or weeks.
The last time this fired was September 1st, and it was a dud; the market did not get higher at all over the 16 days until it was canceled. Here are the recent results of the UpW’s before that:
July 14, 2023: close on that day: 4,505. Subsequent high was 4,607 on July 27. 9 trading days, +2.3%
June 5, 2023: close on that day: 4,274. Subsequent high was 4,458 on June 30. 18 trading days, +4.3%
Mar 30, 2023: close on that day: 4,051. Subsequent high was 4,187 on May 1. 21 trading days, +3.4%
Nov 23, 2022: close on that day: 4,027. Subsequent high was 4195 on Feb 2. 47 trading days, +4.2%
Aug 5, 2022: close on that day: 4145. Subsequent high was 4325 on Aug 16. 7 trading days, +4.3%
Mar 29, 2022: (failed) close on that day: 4631. SPX did not go higher. UpW was canceled after 6 trading days, 0.0%
Dec 27, 2021: close on that day: 4791. Subsequent high was 4818 on Jan 4. 6 trading days, +0.6%
Oct 18, 2021: close on that day: 4486. Subsequent high was 4743 on Nov 22. 14 trading days, +5.7%
Aug 25, 2021: close on that day: 4496. Subsequent high was 4595 on Sep 2. 6 trading days, +1.1%
Aug 13, 2021: (headfake) close on that day: 4468. Subsequent high was 4480 the next day. Canceled the day after that.
May 28, 2021: close on that day: 4204. Subsequent high was 4393 on July 7. 31 trading days, +4.5%
Mar 15, 2021: close on that day: 3969. Subsequent high was 4238 on May 7. 40 trading days, +6.8%
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%
LLY going to the moon?
Not the typical time for put sales, but the reaction to the news is strong and the trend is clear. IV rank is high (79).
Sold to open $LLY Dec 15 540 put @ 3.30, delta 09. Strike is below the recent lows on 10/30-10/31.
COIN puts
Sold to open $COIN Jan 19 2024 65 puts @ 2.48. Delta 14.
SPY
I continue to roll some SPY ITM Bear Call Spreads out day by day for small credits.
Rolled 422, 424, 430 and 431 calls to tomorrow.
Sold to close some SPY Nov 08 2023 439 Long Calls at $0.24 (long side of yesterday’s diagonal Call spread)
Sold to close 1 SPY Nov 08 2023 440 Long Call at $0.19 (long side of yesterday’s diagonal Call spread)
Making a tiny bit on some Puts today:
Sold SPY Nov 08 2023 434 Puts at $0.11 and $0.12
Sold 1 SPY Nov 08 2023 435 Put at $0.20
Bought 1 SPY Nov 10 2023 428 Put / Sold 1 SPY Nov 09 2023 433 Put at $0.22 Credit
XBI
#CoveredCalls – Making these a little safer.
Bought to Close XBI Nov 17 2023 70.0 Calls @ 1.17 (sold for 1.35 and 1.40)
Sold XBI Nov 17 2023 72.0 Calls @ .47
SPY
#ShortPuts – Adding.
Sold SPY Dec 15 2023 420.0 Put @ 3.00
CVX Stock
Started a tiny position in CVX at $143.00, below the prior low.
Div = 4.18% and the next ex-date is only a week away
#SP500 #FallingKnife
SPY
#ShortPuts #TakeOneForTheTeam – Let’s try to stir things up a little. Starting a new Dec ladder at the 200 day.
Sold SPY Dec 15 2023 425.0 Put @ 3.40
SPX trades 11/8
#SPX1dte Sold to Open $SPX Nov 8th 4345/4325 put sprewads for .60, delta -.08.
Futures trending upward so I will wait until after the open to sell call side.
SPY Expiration
SPY Nov 07 2023 422 Put
SPY Nov 07 2023 421/426 Bull Put Spread
SPY Nov 07 2023 443/437 Bear Call Spread
SPY Call Closed
Bought to close 1 SPY Nov 07 2023 438 Call at $0.01. Sold yesterday at $0.66
Rolling out SNOW again
With the stock at 159.94, rolling short $SNOW Nov 17 150 puts out to Dec 15 150 puts (32 delta) @ 5.57 credit. The original position was Sep 15 150 puts. With 3 rolls, total credit is now 18.12.
SPX
Legged in after the open:
STO Nov-7 $SPX 4300/4320 – 4395/4415 #ironcondor @1.00
