#ShortPuts – Took awhile but got it back for a nickel finally.
Bought to Close SPY DEC 13 2022 400.0 Puts @ .05 (sold for 3.02)
Sold SPY DEC 14 2022 403.0 Put @ 4.23
Sold SPY DEC 14 2022 404.0 Put @ 4.77
Recent Updates Page 89
AMZN MSFT SNOW SPY TLT XBI
#ShortPuts #CoveredCalls – A few today.
AMZN: A couple stragglers. Rolled on the opening pop.
Rolled AMZN DEC 16 2022 100.0 Put to JAN 20 2023 97.0 Put @ .15 credit (2.40 total now)
Rolled AMZN DEC 16 2022 105.0 Put to JAN 20 2023 105.0 Put @ .85 credit (4.15 total now)
MSFT: Out early and then back in.
Bought to Close MSFT DEC 30 2022 240.0 Put @ .65 (sold for 3.60)
Sold MSFT DEC 30 2022 242.5 Put @ 2.25
SNOW: Out early and then back in.
Bought to Close SNOW DEC 30 2022 130.0 Put @ .85 (sold for 3.40)
Sold SNOW DEC 30 2022 135.0 Put @ 2.45
SPY:
Closing:
Bought to Close SPY DEC 13 2022 396.0 Puts @ .05 (sold for 3.85 and 4.15)
Bought to Close SPY DEC 13 2022 397.0 Puts @ .05 (sold for 4.40 and 6.25)
Opening: Way too early.
Sold SPY DEC 14 2022 405.0 Puts @ 2.35
Sold SPY DEC 15 2022 405.0 Puts @ 2.65
Rolling for extra credit:
Rolled SPY DEC 16 2022 400.0 Puts to DEC 16 2022 405.0 Puts @ 1.52 credit (21.30 total now)
Rolled SPY DEC 16 2022 400.0 Put to DEC 16 2022 405.0 Put @ 1.52 credit (6.20 total now)
Rolling short calls on the pullback due to dividend risk this week:
Rolled SPY DEC 13 2022 395.0 Call to JAN 6 2023 401.0 Call @ .11 credit (5.00 total now)
Rolled SPY DEC 16 2022 391.0 Call to JAN 13 2023 396.0 Call @ .50 credit (4.45 total now)
Rolled SPY DEC 16 2022 392.0 Call to JAN 13 2023 397.0 Call @ .65 credit (3.50 total now)
Rolled SPY DEC 16 2022 385.0 Call to JAN 20 2023 390.0 Call @ .30 credit (2.75 total now)
Rolled SPY DEC 16 2022 386.0 Call to JAN 20 2023 391.0 Call @ .20 credit (4.05 total now)
Rolled SPY DEC 16 2022 386.0 Call to JAN 20 2023 391.0 Call @ .40 credit (4.30 total now)
Rolled SPY DEC 16 2022 386.0 Call to JAN 20 2023 391.0 Call @ .40 credit (5.10 total now)
Rolled SPY DEC 16 2022 387.0 Call to JAN 20 2023 392.0 Call @ .43 credit (4.40 total now)
Rolled SPY DEC 16 2022 387.0 Call to JAN 20 2023 392.0 Call @ .43 credit (7.45 total now)
Rolled SPY DEC 16 2022 387.0 Call to JAN 20 2023 392.0 Call @ .60 credit (4.05 total now)
Rolled SPY DEC 16 2022 387.0 Call to JAN 20 2023 392.0 Call @ .60 credit (3.75 total now)
Rolled SPY DEC 16 2022 388.0 Call to JAN 20 2023 393.0 Call @ .83 credit (5.75 total now)
Rolled SPY DEC 16 2022 389.0 Call to JAN 20 2023 395.0 Call @ .25 credit (3.90 total now)
TLT: Taking it a few days early before JP says something crazy.
Bought to Close TLT DEC 16 2022 105.0 Puts @ .18 (sold for 6.45)
XBI: Taking small loss for safety. Sold against a bunch of short puts.
Bought to Close XBI DEC 16 2022 84.0 Calls @ .80 (sold for .61)
EWZ DJIA
#shortputs
STO EWZ 16 DEC 2022 26 PUT @.20
#smallbuy
#dividends = 9.34%
BUY DJIA @22.19
SPY SOXL
STO SPY 20 DEC 2022 428/432 CALL @.13
Sto SOXL 16 DEC 2022 16.5 CALL @.20
SPY and VIX
Tried replying to Iceman twice and both posts disappeared while waiting approval. Seems to be working here though. Following up on his thoughts…SPY IV Tue thru Mon and also interesting spot VIX spike today while futures stayed flat to down. Definitely a binary week!
SSO SPY GNRC AMZN BX RTX BAC LOW Covered Call / SPX 1 DTE Expire
$SSO STO 12/16 50.50 call at .35
$SPY STO 12/14 400 call at 3.25
$GNRC STO 12/16 99 call at 1.65
$AMZN STO 12/16 95 call at .50
$BX STO 12/16 87 call at .35
$RTX STO 12/16 102 call at .30
$GOOGL STO 12/16 98 call at .36
$BAC STO 12/16 33.5 call at .28
#spx1dte
12/12 $SPX 3870/3850 – 4020/4040 expired. Sold for $1.15 No trade for tomorrow.
CPI report tomorrow
Before the bell… IV at 90%, so I won’t be trading now… will look at opportunities after the report and closer to the open.
SOXL LABU EWZ
STO LABU 16 DEC 2022 5.5 PUT @.10
STO SOXL 16 DEC2022 9.5 PUT @.11
STO EWZ 16 DEC 2022 26.5 PUT @.43
#coveredcalls
STO SOXL 16 DEC 2022 15 CALL @.16
Expirations
$PFE 52 call
$UNG 22.5 call
$BX 91 call
$RTX 100 call
$BAC 33.5 call
$ENPH 330 call
$GNRC 95 call
$AMZN 93 call First call against @fuzzy 2023 trade
$AA 46.5 put
#assignment
$LOW 205 put
TQQQ SOXL EWZ
#shortputs
Sto EWZ 16 DEC 2022 27 PUT @.33
Sto TQQQ 16 DEC 2022 18.5 PUT @.31
#avoidassignment
Btc TQQQ 9 DEC 2022 21 PUT @.01 /sto @.15
Btc SOXL 9 DEC 2022 13 CALL @.01 sto@ .12
#optionsexpiration
EWZ 9 dec 2022 /29put and 29.50 put/sto .15 and .25
SOXL 9 dec 2022 /10.5put and 11 put/sto @ .11 and .16
TQQQ 9 dec 2022/ 19.5 put /sto@ .15
SPY 9 dec 2022/383/387 sto .12
MOS BTU UNG Puts Roll
#shortputs
$MOS BTC 12/9 46.5 put and STO 12/16 45 put at added credit of .52 and $1.50 less if assigned
$BTU BTC 12/9 28.5 put and STO 12/16 28 put at added credit of .58 and $.50 less if assigned
$UNG BTC 12/9 18.5 put and STO 12/16 18 put at added credit of .18 and $.50 less if assigned
SPX 1 DTE
#spx1dte
$SPX STO 12/12 3870/3850 – 4020/4040 at 1.15. At 1.40 now as $SPX sinking.
No trade for today today’s expiration. Internet out yesterday
XBI
#ShortStrangles – Selling against a few of my short puts. No extra margin required.
Sold XBI DEC 16 2022 84.0 Calls @ .61
XBI
#CoveredCalls – After quite a few rolls for additional credit finally got ’em all back. Started new round also.
Bought to Close XBI DEC 9 2022 80.5 Calls @ .05 (sold for 4.05)
Sold XBI DEC 16 2022 79.0 Calls @ 2.57
COST
#JadeLizards – One early fill.
Sold COST JAN 20 2023 430/500/505 Jade Lizard @ 6.50
NVDA SPY
#ShortPuts #CoveredCalls #ShortCalls – A few on the bounce. A little early on some.
NVDA:
Rolled NVDA DEC 9 2022 172.5 Puts to DEC 16 2022 170.0 Puts @ .25 credit (3.65 total now)
Rolled NVDA DEC 9 2022 170.0 Put to DEC 16 2022 167.5 Put @ 1.00 credit (14.10 total now)
SPY:
Rolled SPY DEC 9 2022 400.0 Puts to DEC 13 2022 396.0 Puts @ even (4.15 and 3.85 total now)
Rolled SPY DEC 9 2022 400.0 Puts to DEC 13 2022 397.0 Puts @ .40 credit (6.25 and 4.40 total now)
Sold SPY DEC 13 2022 395.0 Call @ 4.90
SPX 1 DTE
Next Week
RTX BX BAC ENPH Covered Call
#coveredcalls #syntheticcoveredcalls
$RTX STO 12/9 100 call at .50
$BX STO 12/16 86 call at .60
$BAC STO 12/9 33.5 call at .13
$ENPH STO 12/9 330 call at 1.70
XBI Put Roll
#shortputs
$XBI BTC 12/9 84.50 put and STO 12/16 83.50 put at added credit of .10 and $1 less if assigned
TBT
#SyntheticShortStock (covered) – Stock has imploded to the 200 day already so taking the rest of it off here.
Sold to Close TBT JAN 17 2025 34.0/34.0 Synthetic Short Stock @ 6.80 (set the position for .54 debit)
Bought to Close TBT DEC 16 2022 28.5 Puts @ 1.58 (sold for .84)
AMZN XBI
#SyntheticCoveredCalls #ShortPuts – A few.
AMZN: Full position next week now. (plus a couple extra for good measure 🙂 🙂 )
Bought to Close AMZN DEC 9 2022 95.0 Calls @ .11 (sold for 1.60)
Bought to Close AMZN DEC 9 2022 96.0 Calls @ .08 (sold for 1.20)
Sold AMZN DEC 16 2022 93.0 Calls @ 1.45
XBI: Taking advantage of the small bounce and great premium next week. Rolling down a strike on the entire ladder. Still sitting on a bunch of covered calls at 80.50 strike this week with a ton of accumulated premium so under that wouldn’t be bad either.
Rolled XBI DEC 9 2022 83.0 Puts to DEC 16 2022 82.5 Puts @ .79 credit (1.87 total now)
Rolled XBI DEC 9 2022 83.5 Puts to DEC 16 2022 83.0 Puts @ .72 credit (1.87 total now)
Rolled XBI DEC 9 2022 84.0 Puts to DEC 16 2022 83.5 Puts @ .63 credit (1.96 total now)
Rolled XBI DEC 9 2022 84.5 Puts to DEC 16 2022 84.0 Puts @ .52 credit (2.53 total now)
SOXL EWZ
#coveredcalls
Sto SOXL 9 DEC 2022 13 CALL @.10
STO EWZ 16 DEC 2022 27.5 PUT @.41
PFE CEIX Covered Calls
#coveredcalls
$PFE STO 12/16 52 call at .40
$CEIX STO 12/16 74 call at 1.70
BA,
STO January 6, 150 put at 1.27
SOXL SPY XLP TQQQ BA BLW XRMI
#shortputs
Sto SOXL 9 DEC 2022 10.5 PUT @.11
SOLD TQQQ 9 DEC 2022 19.5 PUT @.15
#onlyspreads
SOLD SPY 14 DEC 2022 367/363 PUT @.13
SOLD XLP 6 JAN 2023 77.5/75.5 PUT @1.18 / bto@ .87
Buy BA 13 JAN 23 182.5/180 PUT @1.18
#smallbuy
#dividends
BOT BLW @13.23
BOT XRMI @20.90
SPX 1 DTE
TSLA
#CoveredCalls – Risk reduction. Stopped out at tiny gain.
Sold TSLA Covered Stock @ 161.90 (basis 161.55)
AMZN
#SyntheticStock – Added one spread at the 100 strike with a disaster put.
Bought AMZN JAN 17 2025 100.0 Call/Sold JAN 17 2025 100.0 Put/Bought JAN 17 2025 50.0 Put @ .55 debit
And:
Sold AMZN DEC 16 2022 93.0 Call @ 1.30 against the new position.
AMZN SVXY TBT
#SyntheticCoveredCalls #BullPutSpreads #SyntheticShortStock – A few.
AMZN: This week looks good so selling part of next week.
Sold AMZN DEC 16 2022 94.0 Calls @ 1.20
SVXY: Taking it 45 days early.
Bought to Close SVXY JAN 20 2023 60.0/50.0 Bull Put Spread @ 3.00 (sold for 6.25)
TBT: Taking off the covered portion of short position and covering the rest.
Net gain of 3.10 per spread:
Sold to Close 6 TBT JAN 17 2025 36.0/36.0 Synthetic Short Stock @ 7.50 (bought for .32 credit)
Bought to Close 3 TBT DEC 16 2022 33.0 Puts @ 4.45 (sold for .35)
Bought to Close 3 TBT DEC 16 2022 34.0 Puts @ 5.40 (sold for .05)
Covering the rest of the shorts:
Sold TBT DEC 16 2022 28.5 Puts @ .84
SPX 1 DTE
SPY EWZ TQQQ
#onlyspreads
Sto Spy 12 DEC 22 386/382 PUT @.12
Sto Spy 12 DEC 22 385/381 PUT @.10 EDGX
Sto Spy 9 DEC 22 387/383 PUT @.12 EDGX
Sto Spy 8 DEC 22 388/384 PUT @.12
———
#shortputs
Sto Spy 16 DEC 22 384 PUT @2.22
Sto Ewz 9 DEC 22 29 PUT @.15 NYSE
Sto Ewz 9 DEC 22 29.5 PUT @.26
Sto EWZ 9 DEC 22 29.5 PUT @.25 BATS
SOLD -1 TQQQ 100 (Weeklys) 9 DEC 22 21 PUT @.25 BATS
#spx1dte $SPX Todays 3985/3965 -…
$SPX Todays 3985/3965 – 4130/4150 expired. Sold for .80
Awaiting fill on tomorrows. Sort of hoping I don’t get it. Today a little hectic. Glad
I was playing golf.
SPY
#ShortPuts – Roll up for extra credit.
Rolled SPY DEC 16 2022 390.0 Puts to DEC 16 2022 400.0 Puts @ 3.30 credit (19.80 total now)
SPY,
STO December 23, 380 put at 2.01
BA, STO December 30, 170 put at 2.36
#buy #exdiv tomorrow Buy BBDC…
#buy
#exdiv tomorrow
Buy BBDC @9.17
#dividends .24/10.53%
SPY,
STO December 16, 390 put at 2.60
STO December 23, 385 put at 2.21
#optionsexpiration EWZ dec 2 28…
EWZ dec 2 28 put/sto@.25
EWZ dec 2 28.5 put/sto@.32
SOXL dec 2 10.5 put/sto @.15
SOXL dec 2 13 call/sto@.18
SPY dec 2 379/383 put/sto@.24
SPY dec 2 384/388 put/sto@.36
TQQQ dec 2 19 put /sto@.20
——–
#shortputs
#debitspread
BTO XLP JAN 6 75.5 77.5 PUT @ .87
SOXL STO DEC 9 11 PUT @.16
Expiration
$ENPH 345 call
$GNRC 105 call
$BX 95 call
$DKNG 17.50 call
$BTU and $SHOP called away as buy write worked as written.
SPX 1 DTE
#spx1dte
$SPX STO 12/5 3985/3965-4130/4150 at .80
Today’s $SPX STO 3970/3990-4180/4200 at 1.10 expires
ADBE AMZN MSFT SNOW SPX SPY TLT XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few today.
ADBE: Back in it again. I didn’t realize this is after earnings or might have waited.
Sold ADBE DEC 30 2022 300.0 Put @ 4.75
AMZN: Down to the wire on these again. Sold against synthetic stock.
Bought to Close AMZN DEC 2 2022 94.0 Calls @ .65 (sold for 2.05)
Bought to Close AMZN DEC 2 2022 95.0 Calls @ .05 (sold for 1.60)
Bought to Close AMZN DEC 2 2022 96.0 Calls @ .05 (sold for 1.22)
Sold AMZN DEC 9 2022 95.0 Calls @ 1.60
Sold AMZN DEC 9 2022 96.0 Calls @ 1.20
Sold AMZN DEC 16 2022 97.0 Call @ 1.93
Sold AMZN DEC 16 2022 98.0 Call @ 1.60
MSFT: Back in it again.
Sold MSFT DEC 30 2022 240.0 Put @ 3.60
SNOW: First time in this one in quite awhile.
Sold SNOW DEC 30 2022 130.0 Put @ 3.40
SPX: Didn’t get the pullback that was needed so bailed for beer money.
Sold SPX DEC 2 2022 3990.0/4000.0/4010.0 Put Butterflies @ .55 (bought for .45)
SPY: Closing, opening, and rolling for credit. Call rolls on the early dip also.
Bought to Close SPY DEC 2 2022 400.0 Put @ .05 (sold for 6.05)
Bought to Close SPY DEC 2 2022 400.0 Put @ .05 (sold for 5.50)
Bought to Close SPY DEC 2 2022 400.0 Put @ .05 (sold for 3.25)
Sold Tue before Fed day. Hoping to get good premium on the Friday after this also.
Sold SPY DEC 13 2022 400.0 Puts @ 3.02
Rolled SPY DEC 9 2022 392.5 Put to DEC 9 2022 400.0 Put @ 1.40 credit (3.85 total now)
Rolled SPY DEC 9 2022 395.0 Put to DEC 9 2022 400.0 Put @ 1.09 credit (4.15 total now)
Rolled SPY DEC 9 2022 387.0 Call to DEC 16 2022 389.0 Call @ even (3.65 total now)
TLT: Covered calls taking heat so short TBT is making bank.
Rolled TLT DEC 16 2022 107.0 Calls to JAN 20 2023 111.0 Calls @ even (.64 total now)
XBI: Another good week in this one.
Bought to Close XBI DEC 2 2022 82.0 Puts @ .05 (sold for 3.15)
Bought to Close XBI DEC 2 2022 82.5 PutS @ .05 (sold for 5.40)
Bought to Close XBI DEC 2 2022 83.0 Puts @ .05 (sold for 5.30)
Bought to Close XBI DEC 2 2022 83.5 Puts @ .05 (sold for 3.40)
Bought to Close XBI DEC 2 2022 84.0 Puts @ .05 (sold for 4.85)
Sold XBI DEC 9 2022 83.0 Puts @ 1.08
Sold XBI DEC 9 2022 83.5 Puts @ 1.15
Sold XBI DEC 9 2022 84.0 Puts @ 1.33
Sold XBI DEC 9 2022 84.5 Puts @ 2.00
Covered. Adding more upside.
Rolled XBI DEC 2 2022 80.0 Calls to DEC 9 2022 80.5 Calls @ .40 credit (4.05 total now)
MSFT,
STO January 20, 220 put at 1.97 earlier today.
NVDA,
STO January 20, 120 put at .95 earlier today
SPX 1 DTE
$SPX STO 3970/3990-4180/4200 at 1.10 SPX at 4082
CRWD put spread
Sold to open $CRWD Jan 20 110/100 bull put spread @ 2.03 with the stock at 123.05
SPY TBT
#ShortPuts #CoveredCalls #LongPuts – A few.
SPY: Roll up for additional credit and a new sale.
Rolled SPY DEC 9 2022 395.0 Puts to DEC 9 2022 400.0 Puts @ .84 credit (4.00 and 5.90 total now)
Sold SPY DEC 16 2022 400.0 Put @ 4.70
TBT: Closing long puts. Keeping synthetic short stock in a different account.
Sold TBT JAN 17 2025 30.0 Puts @ 7.10 (bought for 6.10 average)
SPX
#PutButterflies – Just for fun.
Bought SPX DEC 2 2022 3990.0/4000.0/4010.0 Put Butterflies @ .45
#shortputs TQQQ STO 2 DEC…
#shortputs
TQQQ
STO 2 DEC 22 19 PUT @.20
QQQ,
STO December 23, 240/310 strangle at .92 cents
#shortputs SOXL Sto 2 DEC…
#shortputs
SOXL
Sto 2 DEC 2022 10.5 PUT @.15
——
#onlyspreads
SPY
STO 2 DEC 2022 383/379 PUT @.24
SMH,
STO December 23, 195 put at 2.04
SPY
#CoveredCalls – A good day for some call rolling.
Rolled SPY DEC 2 2022 383.0 Call to DEC 16 2022 386.0 Call @ .20 credit (4.70 total now)
Rolled SPY DEC 2 2022 383.0 Call to DEC 16 2022 386.0 Call @ .14 credit (3.90 total now)
Rolled SPY DEC 2 2022 384.0 Call to DEC 16 2022 387.0 Call @ .32 credit (3.15 total now)
Rolled SPY DEC 2 2022 384.0 Call to DEC 16 2022 387.0 Call @ .30 credit (7.05 total now)
Rolled SPY DEC 2 2022 384.0 Call to DEC 16 2022 387.0 Call @ .30 credit (4.00 total now)
Rolled SPY DEC 2 2022 385.0 Call to DEC 16 2022 388.0 Call @ .50 credit (4.95 total now)
Rolled SPY DEC 2 2022 387.0 Call to DEC 16 2022 391.0 Call @ .12 credit (3.90 total now)
Rolled SPY DEC 2 2022 388.0 Call to DEC 16 2022 392.0 Call @ .25 credit (2.85 total now)
#shortputs sto SPY 29 NOV…
sto SPY 29 NOV 2022 393 PUT @.27
sto EWZ 2 DEC 2022 28.5 PUT @.32
sto SPY 2 DEC 2022 388/384 PUT @.36 /spread
——–
#smallbuy
BOT OXLC @5.13
BOT SPIP @25.96
BOT ETY @11.84
BOT TYLG @25.02
BOT HYLG @25.38
BOT BBDC @9.12
BOT DIV @19.428
BOT AGNC @9.82
BOT ARGD @22.12
BOT JEPI @56.37
BOT DJIA @22.07
BOT RYLD @19.38
BOT ARGD @21.89
BOT SPIP @25.935
BOT XYLD @40.039
BOT QYLD @16.40
BOT GSBD @15.43
BOT VTIP @47.68
BOT FYLG @25.03
BOT GOF @16.04
BOT MPLX @33.31
BOT HPF @15.99
BOT HPS @14.69
BOT NUSI @19.02
BOT FDUS @20.32
BOT VIASP @24.92
BOT DLNGpB @24.20
OptionsExpiration
EWZ nov 25 put/sto .21
LABU nov 25 ,7.50 call /sto .05
SOXL nov 25,14 call/sto .19
SPY spread nov 25 383-378 put sto@.18
spy spread nov 25 382-379 put sto @.19
#shortputs EWZ Sto 2 DEC…
#shortputs
EWZ
Sto DEC 2nd,2022 28 PUT @.25
—–
#smallbuy
JEPI
Bto JEPI @56.23
#dividends
AMZN MSFT SPY TSLA XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few today.
AMZN: Down to the wire on these. Sold against synthetic stock.
Bought to Close AMZN NOV 25 2022 93.0 Calls @ .95 (sold for 1.20)
Bought to Close AMZN NOV 25 2022 94.0 Calls @ .10 (sold for 1.75)
Sold AMZN DEC 2 2022 94.0 Calls @ 2.05
Sold AMZN DEC 2 2022 95.0 Calls @ 1.60
Sold AMZN DEC 2 2022 96.0 Calls @ 1.22
MSFT: Taking it three weeks early.
Bought to Close MSFT DEC 16 2022 230.0 Put @ 1.50 (sold for 5.00)
SPY: A few adjustments and a new sale.
Rolled SPY DEC 2 2022 385.0 Put to DEC 2 2022 400.0 Put @ 2.37 credit (5.50 total now)
Rolled SPY DEC 2 2022 390.0 Put to DEC 2 2022 400.0 Put @ 2.06 credit (6.05 total now)
Rolled SPY DEC 23 2022 375.0 Put to DEC 9 2022 395.0 Put @ .64 credit (5.05 total now)
Sold SPY DEC 2 2022 400.0 Put @ 3.25
TSLA: Covered.
Rolled TSLA NOV 25 2022 160.0 Call to DEC 16 2022 165.0 Call @ .30 credit (17.70 total now)
XBI: Finishing a few rolls.
Rolled XBI NOV 25 2022 79.5 Calls to DEC 2 2022 80.0 Calls @ .65 credit (3.15 total now)
Rolled XBI NOV 25 2022 82.0 Puts to DEC 2 2022 82.0 Puts @ 1.00 credit (3.15 total now)
Rolled XBI NOV 25 2022 82.5 Puts to DEC 2 2022 82.5 Puts @ .90 credit (5.40 total now)
SPX trades
Happy Thanksgiving!
Have not posted in a long time but still follow along.
@jeffcp66 thanks for the upside warning today, hope it holds 🙂
Have been busy trading and developing and launching several services through Traders Reserve and also working on the quantitative analysis stuff. Along with that we have been working on several new tactics that help handle market volatility and optimizing existing tactics (a lot of the same stuff people do here) using the AI. But tough market this year. Hopefully next year normalizes some. Positive for the year but only by about 36% this year which is about a third to half of our normal returns. Anything positive this year is a check in the win column!
Cheers, Chris
Upside Warning in effect
#VIXIndicator An Upside Warning took effect on Wednesday after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. This could mean higher prices in coming days or weeks.
Here is data on last several Upside Warnings.
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
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%
NVDA SPY XBI
#CoveredCalls #ShortPuts – Finally catching up on last two days.
NVDA: Not my best rolls considering the ongoing rally.
Rolled NVDA NOV 25 2022 165.0 Put to DEC 16 2022 162.5 Put @ 1.20 credit (12.65 total now)
Rolled NVDA NOV 25 2022 167.5 Puts to DEC 16 2022 165.0 Puts @ .30 credit (2.70 total now)
SPY: Closed short puts, opened short puts, rolled puts for more credit and rolled calls out and up.
Bought to Close SPY NOV 23 2022 397.0 Put @ .05 (sold for 3.42)
Bought to Close SPY NOV 25 2022 390.0 Put @ .05 (sold for 3.00)
Bought to Close SPY NOV 25 2022 393.0 Put @ .10 (sold for 3.57)
Bought to Close SPY NOV 25 2022 394.0 Put @ .12 (sold for 3.96)
Sold SPY DEC 9 2022 392.5 Put @ 2.45
Sold SPY DEC 9 2022 395.0 Put @ 3.05
Sold SPY DEC 9 2022 395.0 Put @ 3.15
Rolled SPY DEC 16 2022 380.0 Puts to DEC 16 2022 390.0 Puts @ 2.00 credit (16.50 total now)
Rolled SPY NOV 25 2022 385.0 Call to DEC 9 2022 387.0 Call @ .05 credit (3.65 total now)
Rolled SPY NOV 25 2022 384.0 Call to DEC 16 2022 387.0 Call @ .41 credit (3.45 total now)
XBI: Rolling covered calls down for additional credit and rolling highest strike puts.
Rolled XBI NOV 25 2022 81.0 Calls to NOV 25 2022 79.5 Calls @ .55 credit (3.05 total now)
Rolled XBI NOV 25 2022 83.0 Puts to DEC 2 2022 83.0 Puts @ .90 credit (4.60 total now)
Rolled XBI NOV 25 2022 83.5 Puts to DEC 2 2022 83.5 Puts @ .80 credit (3.40 total now)
Rolled XBI NOV 25 2022 84.0 Puts to DEC 2 2022 84.0 Puts @ .67 credit (4.80 total now)
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 25th 3950/3970-4080/4100 condors for 1.00, SPX at 4026, deltas -.06 +.05, IV 11.3%
SPX Iron condor
Just back from the dentist but, earlier today I sold the November 23, 4080/4100 call spread for .20 cents along with the 3900/3880 put spread from yesterday.
$TSLA Put Spread
I think the Musk/Twitter panic is played out. Sold to open $TSLA Dec 16 160/150 bull put spread @ 1.78.
SPX risk off
#SPX1dte Bought to close $SPX Nov 23rd 4065/4085 call spreads for .20. Also closing put spreads. I doubt today’s Fed minutes will have much affect, but cannot be certain.
Fed Meeting Minutes today
#FOMC Released at 2pm Eastern… decision on interest rates will be released December 14th.
@shortput EWZ sto 25 NOV…
@shortput
EWZ
sto 25 NOV 2022 28.5 PUT @.21
SPX, iron condor,
I sold the put side of the November 23, 3880/3900 at .15 cents for tomorrow. I am going to wait until tomorrow to add the call side since we are above the 4,000 level and could run a bit from here.
SPX 1dte
#SPX1dte Sold to Open $SPX Nov 23rd 3920/3940-4065/4085 condors for 1.40, SPX at 4000, deltas -.08 +.05. IV 19.5%.
Bullish lean as tomorrow will likely melt upwards slowly.
Expiring: Nov 22nd 3870/3890-4010/4030 condors, sold yesterday for 1.30
U Covered Call
$U STO 11/25 34 call at .55
Downside Warning canceled
#VIXIndicator $VIX closes at 22.36, ending the Downside Warning that started on Sept 22. If we get two more days closing under 22.50, it will mean an Upside Warning. Not surprising as Thanksgiving week is usually mildly bullish. And $SPX was actually down on the day… but volatility dropped steadily.
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 22nd 3870/3890-4010/4030 condors for 1.30, SPX at 3950, deltas -.06 +.06, IV 18.8%
Today’s condor expired worthless.
TSLA
STO TSLA Dec16’22 130 PUT @1.75
#onlyspread SPY STO25 NOV 2022…
AMZN TSLA
#Covered Calls #SyntheticCoveredCalls – A couple roll downs for additional premium.
AMZN:
Rolled AMZN NOV 25 2022 98.0 Calls to NOV 25 2022 94.0 Calls @ .60 credit (1.75 total now)
TSLA:
Rolled TSLA NOV 25 2022 170.0 Call to NOV 25 2022 160.0 Call @ 6.50 credit (17.40 total now)
QQQ< STO December 16, 310/320…
QQQ<
STO December 16, 310/320 call spread at .51 against my 240/250 put spread that I sold at .53 so I now have an iron condor at 1.04
Options Bistro 