Sold 1 SOXL Mar 10 2023 16.5 Call at $0.38
Rolled today’s SOXL Mar 03 2023 15.5 Calls to SOXL Mar 10 2023 17.0 Calls at $0.09 Credit
A small overall gain on the 15.5 Calls
#OnlySpreads
Recent Updates Page 84
SPY Roll + one more
Rolled today’s SPY Mar 03 2023 402.0 Call to Tuesday’s SPY Mar 07 2023 404.0 Call at $0.80 Credit
Sold 1 SPY Mar 08 2023 409.0 Call at $1.05
#OnlySpreads
SPX stopped
#SPX1dte Bought to close $SPX March 3rd 4045 call for 2.00. Taking my first stop in just over 3 weeks. This is the kind of day that can sneak up and kill a trade. A Friday with a slow climb upwards. Odds are we have already topped out for the day, but chances of a follow through are good enough to take the small loss and retain a nicely profitable week of +4.30.
SPY Call and Put
Sold 1 SPY Mar 07 2023 408.0 Call at $0.71
Sold 1 SPY Mar 08 2023 392.0 Put at $0.60
#SPYDailyLadder
#OnlySpreads
SPX,
STO the 4050/4070 call spread at .35 cents. I will sell the put side in the pre market tomorrow. Also, a FED governor said something bearish and leesman had a report on CNBC after the close.
SPX 1 DTE
#spx1dte
$SPX STO 3/3 3885/3905 – 4050/4070 at $0.80
Todays trade expired. STO at $1.30
SPY OptionsExpiration
1 SPY 380/390 Bull Put spread Expired
1 SPY Mar 02 2023 393.0/401.0 Short Strangle expired too 🙂
#SPYDailyLadder
SPX-1dte part 2
#SPX1dte Sold to Open $SPX March 3rd 3880/3910-4045/4075 condors for 1.40, SPX at 3979, deltas -.06 +.05
The wings on this are accidentally 30-points wide, so got a bit more premium with a bit more risk.
SPY Call
Sold 1 SPY Mar 06 2023 403.0 Call at $0.52
#OnlySpreads
SPX1dte
#SPX1dte Not placing a trade for Friday since we have Jobs numbers released an hour before the open. I will consider a trade in that hour after the release.
Expiring: $SPX Mar 2nd 3865/3885-4015/4025 condors, sold yesterday for 1.25
SPY
#ShortCalls – Offset by some short puts.
Sold SPY MAR 10 23 405.0 Calls @ 1.35
SPY Call
Sold 1 SPY Mar 03 2023 402.0 Call at $0.24
#OnlySpreads
PPG Stock
Liquidated my tiny PPG position at $135.01
Bought last March at $125.00 and again at $119.00
I will get the latest dividend on 3/10 too
#FormerFallingKnife #RaisingCash
SOXL Call
Sold 1 SOXL Mar 10 2023 16.5 Call at $0.15
#OnlySpreads
AMZN SPY XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few.
AMZN: Last of this week’s. Already sold next week.
Bought to Close AMZN MAR 03 2023 97.0 Calls @ .05 (sold for 4.70)
SPY: Moving a little back into cash. Out at near the original assignment price and wrote many many calls against the position also.
Sold Covered Stock @ 391.10 (assigned @ 389.00)
Sold Covered Stock @ 391.50 (assigned @ 390.20)
Adding a little downside help:
Rolled SPY MAR 17 23 393.0 Call to MAR 17 2023 385.0 Call @ 5.40 credit (8.65 total now)
XBI: First one in this expiration.
Sold XBI APR 21 2023 75.0 Put @ 1.35
Short Puts
Sold 1 PNC 03/10/2023 143.00 Put at $0.50. 52W Range = 143.52 – 199.43
Sold 1 CMA 03/17/2023 62.50 Put at $0.28. 52W Range = 62.83 – 97.52
VXX Long Puts
Bought VXX Sep 15 2023 6.0 Puts at $0.13 and $0.12.
Further hedges for short VXX Puts I am rolling every week
#VXXContango
SOXL Call Rollup
Bought to close 1 SOXL Mar 03 2023 13.5 Call at $0.75. Sold on a roll last week at $1.88
Replaced it with a sale of 1 SOXL Mar 10 2023 14.0 Call at $0.83
#OnlySpreads
SPX
STO 3865/3885-4015/4035 at 1.35 in the pre market
SPY Options Expiration
1 SPY Mar 01 2023 380/391 Bull Put Spread expired
#SPYDailyLadder
SPX 1-dte
#SPX1dte Sold to Open $SPX Mar 2nd 3865/3885-4015/4025 condors for 1.25, SPX at 3950, delta -.06 +.05
Expiring: March 1st 3890/3910-4035/4055 condors, sold yesterday for 1.15
VXX Calls for next week
Sold VXX Mar 10 2023 13.0 Calls at $0.19 and $0.20
SPY Puts and Call
Sold 1 SPY Mar 02 2023 401.0 Call at $0.43
Sold 1 SPY Mar 02 2023 390.0 Put at $0.53
#OnlySpreads
Sold 1 SPY Mar 03 2023 389.0 Put at $0.65
#SPYDailyLadder
SPY Options Expiration
1 SPY Feb 28 2023 385/394 Bull Put Spread is expiring. Sold yesterday at $0.33 Credit
1 SPY Feb 28 2023 405.0 Diagonal Call is expiring. Sold yesterday at $0.29
SPX,
I STO the 3900/3920-4065/4085 for 1.10
SPX 1-dte
#SPX1dte Sold to Open $SPX March 1st 3890/3910-4035/4055 condors for 1.15, SPX at 3973, deltas -.06 +.05
Expired: Feb 28th 3890/3910-4040/4060 condors, sold yesterday for 1.15
AMZN GOOGL TLT
#SyntheticCoveredCalls #CoveredCalls #ShortPuts – A few.
AMZN: Synthetic covered.
Bought to Close AMZN MAR 03 2023 98.0 Calls @ .12 (sold for 4.35)
Bought to Close AMZN MAR 03 2023 99.0 Calls @ .07 (sold for 4.00)
Sold AMZN MAR 10 2023 95.0 Calls @ 1.70
Sold AMZN MAR 10 2023 96.0 Calls @ 1.26
GOOGL: Synthetic covered.
Bought to Close GOOGL MAR 03 2023 95.0 Calls @ .06 (sold for 2.75)
Sold GOOGL MAR 10 2023 92 Calls @ 1.20
TLT: Covered.
Bought to Close TLT MAR 03 2023 104.0 Calls @ .05 (sold for .55)
Sold TLT MAR 10 2023 103.0 Calls @ .51
Rolled TLT MAR 03 2023 104.0 Puts to MAR 17 2023 104.0 Puts @ .40 (1.85 total now)
SPX,
Not much premium for the iron condor trades today.
BOIL SOXL
Sold BOIL Mar 03 2023 6.0 Put at $0.23 and $0.28
Sold BOIL Mar 03 2023 5.5 Puts at $0.10 replacing similar puts that expired Friday
Sold 1 SOXL Mar 03 2023 16.0 Call at $0.17
SPY Put
Sold 1 SPY Mar 02 2023 393.0 Put at $0.95
#SPYDailyLadder
SPY
#CoveredCalls – Got the TDA accounts turned back on today so have acces to TOS again. Placing the trades with Fidelity is about all I’ll use them for. A few rolls today on the bounce.
Rolled SPY MAR 03 2023 402.5 Put to MAR 10 2023 399.0 Put @ even (3.15 total now)
Rolled SPY MAR 03 2023 403.0 Put to MAR 10 2023 400.0 Put @ even (2.40 total now)
Rolled SPY MAR 03 2023 404.0 Put to MAR 17 2023 397.0 Put @ even (2.65 total now)
Possible Catalyst
FHFA Home Price Index for December, Q4 (Tuesday)
S&P/Case-Shiller Composite for December (Tuesday)
Chicago Purchasing Managers’ Index (“PMI”) for February (Tuesday)
Federal Reserve Bank of Richmond Manufacturing Index for February (Tuesday)
Markit Manufacturing PMI for February (Wednesday)
Fed’s Waller Speaks (Thursday)
Fed’s Logan Speaks (Friday)
Fed’s Bowman Speaks (Friday)
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 28th 3890/3910-4040/4060 condors for 1.15. SPX at 3979, deltas -.05 +.06
Expired: Feb 27th 3860/3880-4030/4050 condors, sold Friday for 1.35.
SPY Options Expiration
1 SPY 384/394 Bull Put Spread is expiring. Sold on 2/24 at $2.23 Credit
#SPYDailyLadder
SPY
Sold 1 SPY Mar 01 2023 391.0 Put at $0.39
#SPYDailyLadder
Friday’s trades
#SPX1dte I was traveling Friday so I couldn’t post, but as usually happens when I travel, my trade was threatened. It was the first sharp threat I’ve had since I loosened my stop rules. I was able to keep an eye on it and even though we got within 4 points of my short put, I hung on and expired worthless.
Expired: $SPX Feb 24th 3920/3940-4090/4110 condors, sold Thursday for 1.30.
Then, Sold to Open $SPX Feb 27th 3860/3880-4030/4050 condors for 1.35.
SPY SOXL LABU UVXY VXX
Sold 1 SPY Feb 28 2023 405.0 Diagonal Call at $0.29
Sold 1 SOXL Mar 03 2023 15.5 Diagonal Call at $0.41
#OnlySpreads
Sold 1 LABU Mar 03 2023 7.0 Covered Call at $0.09
Sold UVXY Mar 03 2023 6.0 Covered Calls at $0.07
Sold UVXY Mar 03 2023 5.5 Covered Calls at $0.12, $0.13 and $0.14
Sold VXX Mar 03 2023 13.0 Covered Calls at $0.10
#CoveredCalls
Sold 1 SPY Feb 28 2023 394.0 Diagonal Put at $0.36
#SPYDailyLadder
SPX,
STO Feb 27, 4050/4070 call spread at .35
SPY
#CoveredCalls – One account transferred and the other one should be completed this week.
Rolled SPY MAR 3 2023 402.0 Call to MAR 3 2023 392.5 Call @ 4.05 credit (11.65 total now)
Here’s my catch-up post:
Expired
SHOP 2/17 $45 Covered Call, new basis $27.39
SNAP 2/17 $13 Covered Call, new basis $9.22
LFYT 2/17 $20 Covered Call, new basis $13.48
Assigned
TSLA 1/27 $130 Covered Call, Buy write at $121.02
AMZN 2/3 $100 Covered Call, Buy write at $88.45
Expiration
#optionsexpiration
$XBI 84.5 call
$SHOP 43 call
$HAL 36.5 put
#assignment
$SHOP 47 put
Tiny Trades
First buys in a while
Added AAP at 138.50 and 138.00. New 52-week low. Div = 4.22%
Added D at $56.93. Also a new low. Div = 4.66%
#SP500 #FallingKnife
OptionsExpiration
Expired:
BOIL 4.5 Diagonal Puts
BOIL 5.0 Diagonal Puts
LABU 11/8 Bear Call Spreads
SOXL 11.5/12.5 Bull Put Spread
SOXL 12/13 Bull Put Spread
SOXL 12/13.5 Bull Put Spread
SOXL 18/15 Bear Call Spread
SPY 405.0 Diagonal Call
UVXY 8.5/6 Bear Call Spread
UVXY 8/6 Bear Call Spreads
UVXY 7.5/6 Bear Call Spreads
UVXY 7/6 Bear Call Spreads
UVXY 6.0 Covered Calls
UVXY 6.5 Covered Calls
VXX 14/12.5 Bear Call Spread
VXX 14/13 Bear Call Spreads
VXX 12.5 Covered Calls
VXX 13.0 Covered Calls
SPX,
STO 3860/3880-4040/4060 Feb.27, At 1.00
The ones I posted will expire at zero.
SOXL Call
Bought to close 1 SOXL Feb 24 2023 14.5 Call at $0.01. Sold on a roll last week at $2.47
VXX
Bought to close VXX Feb 24 2023 13.0 Calls at $0.01
Bought to close VXX Feb 24 2023 12.0 Puts at $0.01
Rolled VXX Feb 24 2023 13.0 Puts to VXX Mar 03 2023 13.0 Puts at $0.25 Credit
Rolled VXX Feb 24 2023 12.0 Covered Calls to VXX Mar 03 2023 12.5 Covered Calls at $0.08 Credit
Added $0.50 to the strike price
SPY Daily Ladder
Sold 1 SPY Feb 27 2023 394.0 Put at $2.48
#OnlySpreads #SPYDailyLadder
SPY scalp and SPY OptionsExpiration
Yesterday:
Sold 1 SPY Feb 24 2023 405.0 Call at $0.86
#OnlySpreads
Expired:
1 SPY Feb 23 2023 395.0 Put. Sold at $0.87
#SPYDailyLadder
Yesterday,
STO 3880/3900-4080/4100 at .70 cents for FEB 24
STO, 4095/4115 call spread at .40
SPX 1-dte
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 24th 3920/3940-4090/4110 condors for 1.30, SPX at 4019, deltas -.06 +.06
Expiring: Feb 23rd 3885/3905-4050/4070 condors, sold yesterday for 1.20
SPY SOXL
#onlyspreads
Sto SPY 100 2 MAR 2023 379/375 PUT @.13 CBOE
#closing
Btc SOXL 24 FEB 2023 17 CALL @.01
#rolling
Sto SOXL 3 MAR 2023/24 FEB 2023 12 CALL @.13
SSO,
BTO March 3, 48/45 put spread as a hedge for a small trade at .70 cents.
SPY
#closed
Btc 22 FEB 2023 400 PUT @1.66/sto yesterday for 2.02
did not choose many options/pun intended!
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 23rd 3885/3905-4050/4070 condors for 1.20, SPX at 3981, deltas -.05 +.06
Expiring: Feb 22nd 3905/3925-4070/4090 condors, sold yesterday for 1.40.
SPY scalp
Sold 1 SPY Feb 22 2023 404.0 Call at $0.18
Paired with short 400 and 402 Puts I may have to roll this afternoon
#OnlySpreads
VXX Long term Puts
Bought 1 VXX Jan 17 2025 5.0 Put at $0.80 – adding to my position
Bought 1 VXX Jan 17 2025 6.0 Put at $1.25
Both are life-of-contract low prices
#VXXContango
SPX 1 DTE
Today’s trade 4000/3980 – 4150/4170 ended at a loss of $1.51. Took in $1.15 and position closed at $2.66. Held on to the end. Not advisable. First losing trade with this strategy of the year. I’ve had 20 trades since January 18th. Took in 21.60. Now the first loss. I probably will be trading less. Market is a bit scary.
SPX 1-dte
#SPX1dte Twelve minutes after closing bell, Sold to Open $SPX Feb 22nd 3905/3925-4070/4090 condors for 1.40.
SPX
This morning, STO 3970/3990/4095/4115 IC for $1.30
EXPIRED! A bit too close for comfort however.
BOIL
Completely out of KOLD, switching to BOIL to play NatGas.
Unlike KOLD, this one has weekly options.
Sold BOIL Feb 24 2023 4.5 Puts at $0.32
#OnlySpreads
SPX
This morning, STO 3970/3990/4095/4115 IC for $1.30
SPX,
Since the FED minutes come out tomorrow at 2:00 tomorrow I will not put on an iron condor today.
VXX Long term puts
Bought 1 VXX Jan 17 2025 5.0 Put at $0.85
Bought 5 VXX Jan 19 2024 5.0 Puts at $0.17
#VXXContango
XBI
STO XBI Apr21’23 75 PUT @1.50
UVXY VXX SPY
Sold 1 VXX Feb 24 2023 13.0 Call at $0.26
Sold 1 VXX Feb 24 2023 12.5 Call at $0.44
Sold 1 UVXY Mar 03 2023 6.0 Call at $0.32
Sold 1 SPY Feb 23 2023 395.0 Put at $0.87
#OnlySpreads
SPY
STO SPY Mar10’23 380 PUT @1.65
SPY SOXL QYLD
sto SPY 22 FEB 2023 400 PUT @2.02
come on MS. market
—
sto SOXL 24 FEB 2023 13 PUT @.16
sto SOXL 24 FEB 2023 13.5 PUT @.25
——–
BOT QYLD @16.43
divs
SPY,
Rolled Feb 24, 400 put to April 21, 381 put for a credit of 3.25
On the Open
Sold BOIL Feb 24 2023 5.0 Diagonal Puts at $0.51 and $0.55
Sold 1 SPY Feb 21 2023 403.0 Diagonal Put at $1.29 – Expires today
Sold 1 SPY Feb 22 2023 400.0 Put at $1.06
Sold 1 SOXL Feb 24 2023 13.0 Diagonal Put at $0.14
Sold 1 SOXL Feb 24 2023 13.5 Diagonal Put at $0.23
Sold UVXY Feb 24 2023 6.0 Diagonal Calls at $0.11 and $0.13
Sold UVXY Feb 24 2023 6.0 Covered Calls at $0.13
Sold UVXY Mar 03 2023 6.0 Diagonal Calls at $0.26 – not for this week
Sold UVXY Feb 24 2023 6.5 Covered Calls at $0.07
Sold VXX Feb 24 2023 13.0 Diagonal Calls at $0.17 and $0.19
Sold VXX Feb 24 2023 13.0 Covered Calls at $0.17
Sold VXX Mar 03 2023 13.0 Diagonal Calls at $0.38 and $0.41- not for this week
Sold to close VXX Feb 24 2023 14.0 Calls at $0.08
#CoveredCalls #OnlySpreads
IIPR,
I was assigned at the 95 strike but my cost will be around 89.00 and I wrote a covered call for the 95 strike at 1.35 for March 17
PLL Called Away
#assignment
$PLL 65 call Stock closed at 64.58 but jumped over $2 after hours and the stock was taken away. Unusual but true
Commission on SPX
I am curious what are you paying per contract for SPX options with your broker?
Interactive Brokers is charging $1.55 and $1.64 per contract, depending on the premium amount.
Any Of The Bistroites Do This?
The 50 Cent CBOE Volatility Index (“VIX”) trader has returned with a big bet.
This trader – whoever they are – is known for buying call options on the VIX for around $0.50 per contract. (Remember, when someone buys a call option, they profit if the underlying asset rises in value.) They bet that volatility will rise, which often coincides with stocks falling.
And earlier this week, we got clues that 50 Cent may be back…
The first sign was the purchase of 100,000 call contracts on the VIX for $0.50 each. Then, a day later, another 50,000 contracts went through at $0.51. That was the confirmation we needed that this trader is active again.
And want to know the total value of these trades? About $7.6 million. That’s huge!
But we can learn even more by considering the specifics of this trade…
The options purchased have a $50 strike price and expire in May. Right now, the VIX is hovering around 19. That means the 50 Cent trader expects volatility to more than double by May. This trade could be very profitable even if volatility were to quickly jump to 25 or 30.
SPX 1-dte
Expired: $SPX Feb 17th 3965/3985-4165/4185 condors , sold yesterday for 1.30.
Best week of the year so far: 4 trades, +5.50.
No trade for Tuesday due to my work schedule. Have a great 3-day weekend y’all.
Options Bistro 