STO September 400 puts at 1.41, I was early on this one.
Recent Updates Page 86
Economic Calendar for 8/14-8/18
UVXY BOIL CMA
UVXY
Bought to close UVXY Aug 11 2023 25.0 Covered Calls at $0.01
Bought to close UVXY Aug 11 2023 24.0 Covered Calls at $0.01
Sold to open UVXY Aug 11 2023 28.0 Covered Calls at $0.27
BOIL
I got the first spread off and then kept lowering the strike of the long side of the spread
Sold 1 BOIL Aug 18 2023 88/78.5 Bear Call Spread at $0.32 Credit
Sold 1 BOIL Aug 18 2023 87/78.5 Bear Call Spread at $0.32 Credit
Sold 1 BOIL Aug 18 2023 86/78.5 Bear Call Spread at $0.32 Credit
Sold 1 BOIL Aug 18 2023 85/78.5 Bear Call Spread at $0.32 Credit
Sold 1 BOIL Aug 18 2023 84/78.5 Bear Call Spread at $0.35 Credit
CMA
Sold 1 CMA 08/18/2023 57.5/54 Bear Call Spread at $0.32 Credit
SPY Expiration
Yesterday
1 SPY 08/10/2023 463/453 Bear Call Spread
1 SPY 08/10/2023 462/452 Bear Call Spread
SPX same day
#SPX1dte Sold to Open $SPX Aug 11th 4380/4400-4510/4530 condors for 0.974, deltas -.05 +.05, IV 25.9%
This is inside the condor I sold yesterday for 1.20 (in the post below). I am planning on making this a “roll”, so I will close the other one… order in now to close for .25.
SPX 1-dte
#SPX1dte Sold to Open $SPX 4365/4385-4525/4545 condors for 1.20, SPX at 4463, deltas -.05 +.07, IV 19.1%
SPX risk off
#SPX1dte Bought to close $SPX Aug 10th 4430/4410 put spreads for .30, condors sold this morning for 1.15
My stop was NOT hit, but this stair-stepping down has me nervous I’ll face a bigger loss before the close.
VXX Puts
Rolled down VXX 08/11/2023 30.5 Puts to VXX 08/18/2023 30.0 Puts at $0.25 Debit but gained $0.50 on the short strike.
Markets
Quite a stat from
@bespokeinvest
The 101 S&P 500 stocks that pay no dividends are up an average of 20.7% YTD, while the 100 highest yielding stocks in the index are down 3.2% YTD.
CSCO Stock
Sold my last tiny lot of CSCO at $53.89
Bought on 05/19/2022 at $42.91.
#FormerFallingKnife
BOIL Spreads
Yesterday I sold 1 BOIL 85/75 Diagonal Call spread at $2.48 Credit
Today :
Sold 1 BOIL 57/67 Diagonal Put spread at $0.18 Credit
Sold 1 BOIL 53/66 Diagonal Put spread at $0.18 Credit.
#OnlySpreads
CPI report & Jobless claims
July inflation was +0.2%, as expected. +3.2% year over year, versus 3.3 expected.
Weekly jobless claims higher than expected: 248K versus 230K estimated
SPX same day
#SPX1dte About three minutes after CPI report release: Sold to Open $SPX Aug 10th 4410/4430-4555/4575 condors for 1.15, deltas -.06 +.05, IV 28.2%.
SPY Expiration
1 SPY 08/09/2023 464/454 Bear Call Spread
Also 1 SPY 08/09/2023 452.00 Diagonal Call
Added one new diagonal today:
Bought 1 SPY 08/11/2023 461.00 Call at $0.02
Sold 1 SPY 08/10/2023 452.00 Call at $0.29 for a $0.27 Credit
#OnlySpreads
ADBE Iron Condor
Sold to open $ADBE Sep 15 455/465/580/590 iron condor @ 2.74. Earnings expected 9/14, the day before opex.
SMCI Iron Condor
Sold to open $SMCI Sep 15 210/220/340/350 iron condor @ 2.65. Post-earnings.
SPY
#ShortPuts – Adding slightly inside the expected move but below the 50 day.
Sold SPY Sep 15 2023 430.0 Put @ 3.26
SPX stopped
#SPX1dte Bought to close $SPX Aug 9th 4460/4440 put spreads for 2.60. Condors sold this morning for .90. That wiped away most profit for the week, I am now at +0.44.
TLT TBT
#CoveredCalls #LongPuts – Yes, you read that second hash tag correctly. LOL!
TLT: Another round of synthetic dividends.
Bought to Close TLT AUG 11 2023 101.0 Calls @ .02 (sold for .38)
Sold TLT AUG 18 2023 99.0 Calls @ .42
TBT: A long term play on a bond recovery. Also a hedge to allow slightly more aggressive call selling in my TLT positions. Might sell puts against these occasionally.
Bought to Open TBT JAN 17 2025 25.0 Puts @ 2.00
Morning News
Hope someone here lives in Hollis Illinois.
Federal Reserve Bank of Philadelphia President Patrick Harker expects rates to remain steady. He believes we may be at the point where we can let the central bank’s monetary policy do its job, though he doesn’t expect rates cuts anytime soon. The Fed raised rates again in July after “pausing” in June when it was comfortable with easing economic activity. The economy’s slowdown is expected to continue, and Harker forecasts core inflation to reach the Fed’s 2% target in 2025.
U.S. trade deficit shrinks for first time in two years – Recent data from the Commerce Department shows that the U.S. trade deficit fell to a three-month low of $65.5 billion in June. This came in below analyst expectations of $65 billion and marks the lowest level since 2021. Shifting consumer spending has led to decreased demand for foreign goods and reduced imports. Overall, Americans are more cautious with their money, though they are also spending more on services rather than goods.
After decades of being the top U.S. importer, China has finally fallen below Mexico and Canada. This shift in U.S. imports reflects the changing dynamics of global trade and can be attributed to several factors, including differences in trade policies and efforts to diversify supply chains. The strained relationship between the U.S. and China has prompted the U.S. to explore alternative sourcing options and mitigate risks in the face of geopolitical uncertainties.
SPX same day
#SPX1dte Sold to Open $SPX Aug 9th 4440/4460-4545/4565 condors for .90, deltas -.05 +.06, IV 19%
SPY Expiration
1 SPY 08/08/2023 465/453 Bear Call Spread
VXX VIX Calls
VXX – To go along with some long stock and short Puts
Bought 6 VXX Aug 11 2023 45.0 Calls at $0.08
Sold 2 VXX Aug 11 2023 35.0 Calls at @0.23 and $0.27.
Sold 1 VXX Aug 11 2023 31.0 Call at @0.51
Sold 1 VXX Aug 11 2023 30.5 Call at @0.51
Sold 1 VXX Aug 11 2023 29.0 Call at @0.73
Sold 1 VXX Aug 11 2023 28.5 Call at @0.75.
VIX 1DTE
Bought VIX Aug 09 2023 25.0 Calls at $0.02 and $0.04
Sold VIX Aug 09 2023 20.0 Calls at $0.16.
Sold VIX Aug 09 2023 19.0 Calls at $0.18.
Sold VIX Aug 09 2023 18.0 Calls at $0.22.
These expire on the open tomorrow
#OnlySpreads
NVDY TLRY
STO NVDY 18 AUG 2023 22 PUT @.20
STO TLRY 18 AUG 2023 2.5 PUT @.10
STO TLRY 18 AUG 2023 3 PUT @.35
UVXY call spread
Sold to open $UVXY Sep 15 22/27 bear call spread @ .78
SPX removing risk
#SPX1dte BTC $SPX Aug 8th 4435/4415 put spreads for .30. This is from condors sold yesterday. Stop has not been hit, but removing the double downside risk, leaving today’s 4440/4420 spreads in place.
BMY CAG Stock
Bought a tiny bit of BMY at $60.00. Div = 3.7%
Bought a tiny bit of CAG at $32.00. Div = 4.3%
#FallingKnife #SP500
SPY
#ShortPuts – Sold SPY Sep 15 2023 415.0 Put @ 2.15
Missed the Upside Warning cancelation
#VIXindicator In updating my charts today, I see that I missed the cancelation of the Upside Warning last Thursday, August 3rd, when the $VIX spiked over 25% than the 2-day closing low. I have updated the information on the sidebar to the right.
SPY,
STO September 8, 405 puts at 1.05
SPY,
STO September 1, 415 puts at 1.07
SPY,
STO September 22, 410 puts at 2.08
SPY
#ShortPuts – Adding.
Sold SPY Sep 15 2023 420.0 Put @ 2.15
SPX same day
#SPX1dte Sold to Open $SPX Aug 8th 4420/4440-4535/4555 condors for .95, deltas -.05 +.07, IV 22%
I still have 4415/4435 put spreads, so double risk on downside. Call spreads were more threatened at the close so I closed them, but then market dropped overnight, and IV is higher.
SPY Call
Late fill at 4:05
Bought 1 SPY 08/10/2023 463.00 Call at $0.02 and Sold 1 SPY 08/09/2023 454.00 Call at $0.39 for a $0.37 Credit
#OnlySpreads
SPXpire
#SPX1dte Expiring: $SPX Aug 7th 4420/4440-4530/4550 condors, sold this morning for 1.00
Bought to close $SPX Aug 8th 4555/4575 call spreads for .35. Condors sold this morning for 1.05. Delta of the calls was .05, puts .02. So taking off most threatened side and leaving puts for expiration tomorrow.
SPY Expiration
1 SPY 08/07/2023 464/455 Bear Call Spread
Economic Calendar of 8/7 – 8/11
STX Calls
Sold 1 STX 08/11/2023 75/71 Bear Call Spread at $0.29 Credit
#OnlySpreads
TSLA
#CoveredCalls – C’mon down.
Rolled TSLA Aug 11 2023 240.0 Call to Aug 11 2023 230.0 Call @ 8.05 credit (37.00 total now)
XBI
#ShortPuts – One add.
Sold XBI Sep 01 2023 77.5 Put @ 1.50
MRNA
Sold MRNA Aug 11 2023 90.0 Puts at $0.13 and $0.23
New yearly low today at 98.43
#FallingKnife
SPX next day
$SPX1dte Sold to Open $SPX Aug 8th 4415/4435-4555/4575 condors for 1.05, deltas -.06 +.06, IV 15%, SPX at 4505.
SPY BOIL CMA CPB DLR UVXY
Sold UVXY Aug 11 2023 26.0 Calls at $0.32
Sold UVXY Aug 11 2023 27.0 Calls at $0.31
Sold 1 BOIL Aug 11 2023 80/70 Bear Call Spread at $0.67 Credit
Sold 1 BOIL Aug 11 2023 82/74 Bear Call Spread at $0.29 Credit
Sold 1 DLR Aug 11 2023 133/125 Bear Call Spread at $0.32 Credit
Sold 1 CMA Aug 11 2023 60/54 Bear Call Spread at $0.57 Credit
Sold 1 CPB Aug 11 2023 44.0 Diagonal Put at $0.23
Sold 1 SPY Aug 11 2023 Aug 08 2023 453.0 Call at $0.23 / Bought 1 SPY Aug 09 2023 464.0 Call at $0.01
#OnlySpreads
SPX same day
#SPX1dte Sold to Open $SPX Aug 7th 4420/4440-4530/4550 condors for 1.00, deltas -.06 +.06, IV 21.3%
OptionsExpiration
BOIL 47/52.5 Bull Put Spread
BOIL 51.00 Diagonal Put
BOIL1 (pre-split) 3.5 Covered Calls
CMA 60/55 Bear Call Spread
CVS 82/76 Bear Call Spread
CVS 78.0 Diagonal Call
DLR 132/127 Bear Call Spread
SPY 454.0 Diagonal Call
UVXY 33/24.5 Bear Call Spread
UVXY 33/23.5 Bear Call Spread
VXX 37/29.5 Bear Call Spread
VXX 37/29 Bear Call Spread
Assignments:
VXX 25.0 and 25.5 Covered Calls
Ditching most of the stock put to me by earlier Put assignments.
Expiration Assignment
#optionsexpiration
$AI 45 call
$AI 44,5 call
$AI 42.5 call
$GOOGL 136 call
$RIOT 19.5 call
$MARA 17.5 call
$TSLA 280 call
$NET 74 call
#assignment
$MARA 17 put Basis 15.35
AMZN
#closed
BTC AMZN 4 AUG 2023 121 PUT @.01 sto @1.10
BTC AMZN 4 AUG 2023 132 PUT @.01 sto@3.65
SNOW short puts
Sold to open $SNOW Sep 15 150 puts @ 5.15 (23 delta) with the stock at 169.06. To go long or keep the premium.
TLT
#SyntheticCoveredCalls – A little aggressive but counting on an oversold bounce. Rolling synthetic only and leaving the regular covered calls at 101.
Rolled TLT Aug 11 2023 101.0 Calls to Aug 11 2023 97.5 Calls @ .39 credit (.78 total now)
SNOW TSLA XBI
#CoveredCalls #ShortPuts – Not letting anything other than TLT get assigned for now. With the Fidelity cash sweep up to 4.97% perfectly happy just letting the cash back put sales. I’ll be letting all my SPY stock go in two weeks (assuming we’re over 400) and unloading the TSLA as soon as it’s back to even.
SNOW: Small gain on the bounce.
Bought to Close SNOW AUG 04 2023 167.5 Put @ 1.25 (sold for 3.05)
Bought to Close SNOW AUG 04 2023 170.0 Put @ 2.35 (sold for 2.30)
TSLA: Covered rolling and keeping downside protection.
Rolled TSLA Aug 04 2023 240.0 Call to Aug 11 2023 240.0 Call @ 1.05 credit (28.95 total now)
XBI: Rolling
Rolled XBI AUG 04 2023 83.0 Puts to AUG 11 2023 82.5 Puts @ .20 credit (.95 total now)
Rolled XBI AUG 04 2023 83.5 Puts to AUG 18 2023 82.5 Puts @ .15 credit (1.05 total now)
Rolled XBI AUG 04 2023 84.0 Puts to AUG 18 2023 83.0 Puts @ .03 debit (.95 total now)
Rolled XBI AUG 04 2023 84.5 Puts to AUG 18 2023 84.0 Puts @ .14 credit (1.35 total now)
SHOP short puts
Sold to open $SHOP Sep 15 60 puts @ 3.48 with the stock at 59.82. Looking to go long.
July Jobs Report
#Jobs — Lower than expected, but steady growth continues.
Gain of +187,000 non-farm payroll jobs, vs. expected gain of 200K
Unemployment down by 0.1 to 3.5%, vs expected no change
U6 unemployment 6.7%, down by 0.2
Labor force participation at 62.6% for 5th straight month
Average hourly earnings up by 0.4%; 4.4% increase over the year, stronger than expected
May jobs revised down by -25K to +281K
June jobs revised down by -24K to +185K
TEAM
BTC $TEAM 145/155 8/18/2023 #BuPS @0.12 was STO 7/18 as a roll from June. Total $2.98 premium.
TQQQ,
BTC September 8, 42 puts at 2.65,sold at 1.80 so took a small hit on this one. Market feels heavy here.
BOIL
Bought to close 1 BOIL 08/04/2023 55.00 Put at $0.05. Sold at $0.90.
Sold to open 1 BOIL 08/11/2023 53.00 Put at $0.61
#OnlySpreads
AMZN
#shortputs
Sto AMZN 4 AUG 2023 121 PUT @1.10
SPY
Back in after a long absence:
Sold 1 SPY 08/04/2023 454.0 Call at $0.27 / Bought 1 SPY 08/07/2023 464.0 Call at $0.01
Sold 1 SPY 08/07/2023 455.0 Call at $0.37 / Bought 1 SPY 08/08/2023 465.0 Call at $0.02
#OnlySpreads
TLT
#ShortPuts – One add.
Sold TLT Sep 15 2023 95.0 Put @ 2.25
Risk off
#SPX1dte Bought to close $SPX Aug 3rd 4445/4425 put spreads for .10. Condors sold this morning for 1.10
TROW VXX SOXL Spreads
Sold 1 VXX 08/04/2023 37/29.5 Bear Call Spread at $0.13 Credit
Sold 1 SOXL 08/04/2023 20/23.5 Bull Put Spread at $0.14 Credit
Bought to close 1 TROW 122 Call at $0.05. Sold as part of a TROW 133/122 Bear Call spread I rolled to last week at a $8.88 Credit.
Rolled 1 TROW 133/115 Bear Call spread to next week’s TROW 133/116 Bear Call spread at $0.10 Credit.
#OnlySpreads
LABU
#assignment
8.4.2023 /LABU 6.5 PUT
GOING TO START ROLLING ON WENSDAY!?
SPX same day
#SPX1dte Sold to Open $SPX Aug 3rd 4425/4445-4545/4565 condors for 1.10, deltas -.05 +.07, IV 23.35%
UVXY VXX SOXL Spreads
Late day fills
Sold 1 UVXY 08/04/2023 33/24.5 Bear Call Spread at $0.13 Credit
Sold 1 UVXY 08/04/2023 33/23.5 Bear Call Spread at $0.18 Credit
Sold 1 VXX 08/04/2023 37/29 Bear Call Spread at $0.15 Credit
Sold SOXL 08/04/2023 20/23.5 Bull Put Spreads at $0.07 and $0.09 Credits
Sold SOXL 08/04/2023 20/24 Bull Put Spreads at $0.11 Credit
#OnlySpreads
GRMN BOIL
Sold out of my last GRMN stock at $108.33. Bought for an avg of $105.00.
Bought 1 BOIL 08/11/2023 42.00 Put / Sold 1 BOIL 08/04/2023 51.00 Put at $0.36 Credit
#OnlySPreads
SPY
#ShortPuts – Sold SPY Sep 15 2023 425.0 Put @ 2.50
AMZN
#coveredcalls
Sto AMZN 11 AUG 2023 132 CALL @4.02
In case i get assigned this Friday
SPX stopped
#SPX1dte Bought to close $SPX Aug 2nd 4505/4485 put spreads for 1.60. Condors sold this morning for 1.00.
SPX same day
#SPX1dte Sold to Open $SPX Aug 2nd 4485/4505-4600/4620 condors for 1.00, deltas -.07 +.06, IV 22.1%
CVS DLR Spreads
Bought 1 CVS 08/11/2023 82.0 Call/ Sold 1 CVS 08/04/2023 78.0 Call for $0.32 Credit
Bought 1 DLR 08/11/2023 133.0 Call/ Sold 1 DLR 08/04/2023 127.0 Call for $0.35 Credit
#OnlySpreads
TLT
#ShortPuts – Another.
Sold TLT Sep 15 2023 99.0 Put @ 2.30
AI
Rolled $AI Aug-18-2023 40 calls (covered) // Sep-15-2023 45 @0.70 credit.
TLT
#ShortPuts – Starter.
Sold TLT Sep 15 2023 98.0 Put @ 1.75
Earnings
Another week of important earnings reports kicks into high gear today with a wide array of companies reporting. Some notable names include AMD (AMD), Caterpillar (CAT), JetBlue (JBLU), Starbucks (SBUX), Uber (UBER), Merck (MRK), and Pfizer (PFE). These reports will provide insights into various sectors such as semiconductor chips, automotive, aviation, pharmaceuticals, coffee, and technology. With approximately 170 S&P 500 companies reporting their results this week
SPX same day
#SPX1dte Sold to Open $SPX Aug 1st 4510/4530-4610/4630 condors for .95, deltas -.05 +.07, IV 19.1%
