STO 17 Mar 105P for 1.40
Recent Updates Page 90
SPX, BTC the 4010/4030-4190/4210 at…
SPX, BTC the 4010/4030-4190/4210 at 1.10, Sold at 1.20 yesterday, That is all I was waiting for so I am off to the gym.
The Bistro Hall of Revolving Presidents
Back by popular demand, in observance of Presidents’ Day (and trading holiday) on Monday, it’s the Hall of Revolving Presidents. Click “Home/Refresh” or refresh your browser to change the featured President.
SPY
STO SPY Mar03’23 390 PUT @1.50
STO SPY Mar03’23 395 PUT @2.00
SPY,
Rolled FEB. 17, 405 put to FEB 24 400 put for a credit of .60 cents.
SPX 1 DTE
#spx1dte
$SPX STO 3950/3970 – 4170/4190 PM expiration at $1.00 $SPX at 4092
As noted today’s trade closed at .10. STO at $1.00
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 17th 3965/3985-4165/4185 condors for 1.30.
Expired: Feb 16th 4045/4065-4200/4220 condors, sold yesterday for 1.15
SPX,
STO FEB, 17, 4010/4030-4190/4210 Iron Condor at 1.20, I was too early on this.
SOXL
CALENDAR SOXL /17th FEB 2023, 17 CALL to 24 FEB 2023 @52 credit
SPY,
STO March 24, 390 put at 3.04
Sorry, it was March 24 and not March 3
AMZN SPY
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – This is the last of it. Making the big move tonight. Look out Fidelity here I come! 🙂 🙂 🙂
AMZN: Synthetic covered.
Rolled AMZN FEB 17 2023 97.0 Calls to MAR 3 2023 97.0 Calls @ 1.57 credit (4.75 total now)
Rolled AMZN FEB 17 2023 98.0 Calls to MAR 3 2023 98.0 Calls @ 1.78 credit (4.40 total now)
Rolled AMZN FEB 17 2023 99.0 Calls to MAR 3 2023 99.0 Calls @ 1.93 credit (4.00 total now)
SPY: Clean up the scraps.
Bought to Close SPY FEB 17 2023 400.0 Puts @ .07 (sold for 2.50)
Bought to Close SPY FEB 17 2023 404.0 Put @ .15 (sold for 3.00)
Bought to Close SPY FEB 17 2023 405.0 Put @ .18 (sold for 3.10)
Bought to Close SPY FEB 17 2023 405.0 Put @ .19 (sold for 2.75)
Bought to Close SPY FEB 24 2023 400.0 Put @ .71 (sold for 2.50)
Sold SPY MAR 10 2023 402.5 Put @ 3.15
GOOGL SPY TLT XBI
#ShortPuts #CoveredCalls #SyntheticCoveredCalls – A few on the early weakness. Skipping next week and using March 3rd while my accounts are being moved.
GOOGL: Synthetic stock. Small one for fun. Mainly to compare it to AMZN and see which I like best.
Bought GOOGL JUN 20 2025 95.0/95.0.0/45.0 Synthetic Stock with Disaster Puts @ 11.25
Sold GOOGL MAR 3 2023 95.0 Calls @ 2.73
SPY: Adding.
Sold SPY MAR 3 2023 403.0 Put @ 2.44
Sold SPY MAR 3 2023 404.0 Put @ 2.66
Sold SPY MAR 24 2023 390.0 Put @ 3.85
Rolled SPY FEB 17 2023 399.0 Call to MAR 3 2023 402.0 Call @ .45 credit (7.60 total now)
TLT: Another synthetic dividend.
Bought to Close TLT FEB 17 2023 106.0 Calls @ .01 (sold for .55)
Sold TLT MAR 3 2023 104.0 Calls @ .55
Rolled TLT FEB 17 2023 104.0 Puts to MAR 3 2023 104.0 Puts @ .62 credit (1.45 total now)
XBI: Adding.
Sold XBI MAR 17 2023 80.0 Put @ 1.10
Tool for Tracking My Positions
Over the past few years I have been working to evolve a system for tracking my positions that doesn’t take a lot of time. It has been informative and helped evolve my trading practices. I am able to download my current portfolio and daily trades (custom date in historical trades using current day as the starting date) from my Schwab accounts. Once they are downloaded the google sheets program does the magic and gives me my performance for each of the positions generating a graph like the ones below.
The graphs give me the cumulative daily profit for the stock, option(s), dividends and net of the three.
Ideally the black line (net profit) should be above the blue line (profit/loss from the stock). As you can see in the charts below it is a challenge to get the black line above the blue line. When the stock price drops and I make money on the short calls it out performs the stock but when the stock goes on a run the loss on the options tend to offset the gains.
I try and hold my stock positions for 12 months so I only pay long term capital gains when I sell them (which can be a challenge based on the tax rules). Lots of rolls on the options. Some weekly, some monthly.
I use Schwab for the trading and downloads.
Hope you find this interesting and it might give you some ideas. I track about forty positions between two accounts.
SPX,
4050/4070-4230/4250 iron condor this morning premarket STO at 1.25
I’m one of those silent…
I’m one of those silent watchers learning from everyone and I trade on a limited basis (because of my fulltime job and I’ve been handed my rear-end to me a couple of times.). I was an early joiner coming over from SMM and OMM. I have an enormous amount of respect for this community as I quietly follow many. I read this blog every evening! I will work to post more frequently. I appreciate all of those who post religiously! Thank you, thank you!
I’m back
I’ve not posted recently but hope to begin again.
Catalysts This Week?
Federal Reserve Bank of Philadelphia’s Manufacturing Index for February (Thursday)
PPI for January (Thursday)
Fed’s Cook Speaks (Thursday)
The Conference Board’s Leading Economic Indicators for January (Friday)
#shortputs $IIPR BTC 2/17 90…
#shortputs
$IIPR BTC 2/17 90 put at .75. STO at $4.00 on 1/19. Thank you @jsd501 for the idea.
SPX 1 DTE
#spx1dtee Sold to Open $SPX Feb 16th 4050/4070-4205/4225 condors for 1.00, SPX at 4142
Expiring: Feb 15th 4050/4070-4210/4230 condors, sold yesterday for 1.00.
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 16th 4045/4065-4200/4220 condors for 1.15, SPX at 4139, deltas -.06 +.06
Expiring: Feb 15th 4050/4070-4200/4220 condors, sold yesterday for 1.50.
MO Call Roll / SHOP Call
#coveredcalls
$MO BTC 2/17 47 call and STO 2/24 47 call at added credit of .18. Stock at 47.42
$SHOP STO 2/17 56 call at 56. Stock at 53.43
UVXY LABU SOXL
Bought to close UVXY Feb 17 2023 6.0 Calls at $0.01
Bought to close LABU Feb 17 2023 8.5 Call at $0.01
Bought to close SOXL Feb 17 2023 13.5 Put at $0.01
Join the Bistro Team
#Welcome Hello to everyone that is new to the site or has been watching for awhile. I would love for all regular visitors to become Contributors to OptionsBistro, with the ability to write your own posts. There is no obligation or cost to join, and you can write your own posts as often as you wish (or not at all). Becoming a Contributor makes it easier to post comments or questions, as well as control which notifications you receive.
Everyone can also enter #Welcome into the search box at right to see all archived posts about this sites’ features and details.
So please email me if interested in becoming a Contributor and I will reply with an invitation and instructions on how to sign up.
Thanks, and happy trading,
Jeff
SPY,
BTC FEB 15, 412 calls and STO FEB 21 calls for a credit of 1.16
TQQQ,
STO Feb. 17, 24 put at .24 cents earlier this morning.
SPX
STO 4040/4060-4210/4230 Iron condor at 1.025 in the premarket this morning.
SPX 1 DTE
#spx1dte
$SPX STO 2/15 4070/4050 – 4210/4230 at $1.05
AMZN Strangle
#shortstrangles
$AMZN STO 2/17 96/103 strangle at .80. Call is covered
SPY
#ShortPuts – A couple.
Sold SPY MAR 17 2023 390.0 Put @ 2.90
Sold SPY MAR 17 2023 395.0 Put @ 3.80
KR HAL Puts
#shortputs
$KR STO 2/17 43.5 put at .16
$HAL STO 2/17 37 put at .17
CPI for January (8:30 a.m.)
Hourly Wage Earnings for January (8:30 a.m.)
Fed’s Logan Speaks (11 a.m.)
Fed’s Harker Speaks (11:30 a.m.)
Fed’s Williams Speaks (2 p.m.)
American Petroleum Institute Crude Oil Inventory Data (4:30 p.m.)
SPX 1 DTE Expire
CPI report tomorrow
No trades expiring today and not placing one for tomorrow either, due to CPI report at 8:30am ET.
SPY, STO April 21,
STO 381 puts at 4.47
STO 383 puts at 4.81
STO 385 puts at 5.15
Schwab?
TDA had been bought out and at some point in the next few months I’ll be transferred. I was just wondering about their cash sweep account for unused cash sitting in the option trading accounts. I was at Fidelity before TDA and they used something called FDRXX which is currently yielding 4.18%.
TDA has nothing for the cash sweep so I was considering moving back to Fidelity. If Schwab has something similar to FDRXX I would definitely stay since TOS is far superior to Fidelity Active Trader Pro.
All I can find on the Schwab website is a thing called SWGXX with a similar yield to the Fidelity product.
Any Schwab guys out there?
Expired
#optionsexpiration
$PFE 46 call
$PFE 44.5 call
$SI 23 call
$SQ 87 call
$AMZN 110 call
$AMZN 123 call
$XBI 92 call
$AI 30 call$
$MPW 11 put
$U 33.5 put
$MOS 47.5 put
OptionsExpiration
Expired:
LABU 11.5/9.5 Bear Call Spreads
LABU 10.5/9.0 Bear Call Spreads
LABU 8.5 Covered Call
LABU 8.5 Diagonal Calls
SOXL 17.5, 18.0, 18.5 and 19.0 Diagonal Calls
SOXL 15.0 and 15.5 Diagonal Puts
TNA 46/45 Bear Call Spreads
TNA 46/44 Bear Call Spread
TNA 44.0 Diagonal Call
TNA 43.0 Diagonal Call
UVXY 6.5/5.5 Bear Call Spreads
UVXY 5.5 Covered Calls
UVXY 6.0 Covered Calls
VXX 13.5/12/5 Bear Call Spreads
VXX 13.0 Covered Calls
VXX 12.5 COvered Calls
Roll GOOGL LABU Puts
#shortputs
$GOOGL BTC 2/10/ 96 put and STO 2/17 96 put at added credit of $1.55
$LABU BTC 2/10/ 8 put and STO 2/17 8 put at added credit of .15
SPX 1 DTE
LABU UVXY VXX SOXL
Near the close:
Rolled DOWN LABU Feb 10 2023 7.5 Puts to LABU Feb 17 2023 7.0 Puts at $0.09 Credit
Rolled UVXY Feb 10 2023 5.0 Calls to UVXY Feb 17 2023 5.0 Calls at $0.11 Credit
Rolled VXX Feb 10 2023 11.5 Calls to VXX Feb 17 2023 11.5 Calls at $0.17 Credit
Rolled UP VXX Feb 10 2023 12.0 Calls to VXX Feb 17 2023 13.5 Calls at $0.04 Credit
Rolled DOWN SOXL Feb 10 2023 16.0 Puts to SOXL Feb 17 2023 14.0 Puts at $0.06 Credit
SOXL LABU
Earlier today:
Bought to close 1 SOXL Feb 10 2023 15.0 Put at $0.01
Bought to close 1 SOXL Feb 10 2023 17.0 Call at $0.01
Bought to close LABU Feb 10 2023 8.0 Calls at $0.01
AMZN SPY XBI
#SyntheticCoveredCalls #ShortPuts – A few.
AMZN: Synthetic covered.
Bought to Close AMZN FEB 10 2023 99.0 Calls @ .05 (sold for 1.56)
Bought to Close AMZN FEB 10 2023 100.0 Calls @ .05 (sold for 1.51)
Sold AMZN FEB 17 2023 97.0 Calls @ 3.15
Sold AMZN FEB 17 2023 98.0 Calls @ 2.60
Sold AMZN FEB 17 2023 99.0 Calls @ 2.07
Added one:
Bought AMZN JUN 20 2025 100.0/100.0/45.0 Synthetic Stock with Disaster Put @ 8.75
SPY: Rolling
Rolled SPY FEB 10 2023 410.0 Put to FEB 17 2023 404.0 Put @ .30 credit (3.00 total now)
XBI: Adding.
Sold XBI MAR 17 2023 80.0 Put @ 1.52
SPY,
STO Feb. 15, 412 call at 2.45, I will be assigned today at the 410 put that I sold for 2.70
Indicator/Speaker Schedule
University of Michigan Consumer Expectations Survey for February (10 a.m.)
Fed’s Waller Speaks (12:30 p.m.)
Baker Hughes Rig Count Data (1 p.m.)
CFTC Commitment of Traders Report (3:30 p.m.)
Fed’s Harker Speaks (4 p.m.)
SPX 1 DTE
#spx1dte
Expired $SPX 4030/4050 – 4200/4220 STO at $1.00
TLT
#ShortPuts #CoveredCalls – A few late ones.
Bought to Close TLT FEB 10 2023 106.5 Calls @ .05 (sold for 2.80)
Sold TLT FEB 17 2023 106.0 Calls @ .55
Sold TLT FEB 17 2023 104.0 Puts @ .83
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 10th 3980/4000-4155/4175 condors for 1.15.
Stopped out this morning when we opened at the day’s highs and my stop level was hit. Totally unnecessary. In fact, 100% of my stop-outs so far this year were not necessary. Had I gone with no-stop policy, my profits would be about 75% higher. Results from second half of last year are similar.
This year I have made a total of 16.10, but I have paid 12.75 for unnecessary exits.
(I trade one contract per 15K in each account. So 16.10 amounts to a 5.4%- 10.7% return on each account in 40 calendar days)
So I’m going to start a more relaxed approach. If stop level is hit (which is when SPX comes within the day’s expected move of either of my short strikes) I will watch closely and look for a chance to exit cheaply. If that chance does not come or I miss it, I will let it ride. If my strikes are breached, I will watch more closely and consider exiting for a loss.
VXX
Sold VXX Feb 10 2023 12.0 Calls at $0.06, $0.07, $0.08 and $0.15
Sold VXX Feb 17 2023 13.5 Calls at $0.10 and $0.15
Sold VXX Feb 17 2023 13.0 Calls Net at $0.12, $0.13, $0.17 and $0.18
Sold VXX Feb 24 2023 13.5 Calls at $0.18, $0.20 and $0.25
#OnlySpreads
TNA Call roll and Put ladder
Got spooked by the opening surge and rolled these calls up too soon.
Rolled TNA Feb 10 2023 41.5 Calls to TNA Feb 17 2023 43.0 Call at $0.20 Credit
At least I was able to get a small scalp trade off for tomorrow
Sold to Open 1 TNA Feb 10 2023 45.0 Call at $0.14
Then started on some offsetting short puts:
Sold 1 TNA Feb 17 2023 37.5 Put at $0.61
Sold 1 TNA Feb 17 2023 37.0 Put at $0.58
Sold 1 TNA Feb 17 2023 36.5 Put at $0.50
Sold 1 TNA Feb 17 2023 36.0 Put at $0.43
#OnlySpreads
AMZN XBI
#SyntheticStock #SyntheticCoveredCalls #ShortPuts – I couldn’t resist. I feel like I have to stay involved in these while they are at good levels and have served me well over the last year. Gradually back in during the week. Plan is to still be nearly all SPY though.
AMZN:
Bought AMZN JUN 20 2025 100.0/100.0/45.0 Synthetic Stock with Disaster Puts @ 10.00
Sold AMZN FEB 10 2023 100.0 Calls @ 1.51
Sold AMZN FEB 10 2023 99.0 Calls @ 1.56
XBI:
Sold XBI Mar 17 2023 80.0 Puts @ 1.00 and 1.05
BAX Stock
First one of these trades in a while
Added to my tiny position in BAX at $40.12 ( a new 52-week low)
#SP500 #FallingKnife
PLL Put
#shortputs
$PLL STO 2/17 65 put at $1.50
SPX
Feb.9,
STO 4020/4040-4190/4210 iron condor at 1.05
SPX 1 DTE
#spx1dte
$SPX STO 2/9 4030/4050 – 4200/4220 at $1.00 SPX at 4117
The 2/8 $SPX 4070/4050 – 4240/4260 expired. STO at .90
VXX UVXY
Sold VXX Feb 10 2023 12.0 Calls at $0.18 and $0.19
Sold 1 VXX Feb 10 2023 11.5 Call at $0.38
Sold 1 UVXY Feb 10 2023 5.5 Call at $0.07
PFE XBI AMZN Call
#coveredcalls #syntheticcoveredcalls
$PFE STO 2/10 44.5 call at .12
$XBI STO 2/10 92 call at .31
$AMZN STO 2/10 110 call at .11
LABU SOXL Puts
Sold LABU Feb 10 2023 7.5 Puts at $0.08
Partial offset to the calls I sold Monday
Sold 1 SOXL Feb 10 2023 16.0 Put at $0.20
Sold 1 SOXL Feb 10 2023 15.5 Put at $0.15
Sold 1 SOXL Feb 10 2023 15.0 Put at $0.08
Partial offset to yesterday’s call ladder
#OnlySpreads
SPX 1 DTE
#spx1dte
$SPX STO 2/8 4080/4060 – 4230/4250 at .90. $SPX at 4158 when placed
SPY,
BTC Feb. 10, 355 put at .01
FED,
Tomorrow there are 5 people from the FED that are speaking but I think that Powell is the most important one so I am not nervous.
SOXL Call Ladder
Sold 1 SOXL Feb 10 2023 17.0 Call at $0.49
Sold 1 SOXL Feb 10 2023 17.5 Call at $0.33.
Later after Powell:
Sold 1 SOXL Feb 10 2023 18.0 Call at $0.43
Sold 1 SOXL Feb 10 2023 18.5 Call at $0.31
Sold 1 SOXL Feb 10 2023 19.0 Call at $0.26
#OnlySpreads
SPX stopped
#SPX1dte Market soared on Powell’s remarks. It hit my stop but then retreated pretty quickly so I was able to wait for a cheap close.
Bought to close $SPX Feb 7th 4190/4210 call spreads for .45. Condors sold yesterday for 1.60.
CINF DD JPM MSFT Stocks
Sold my last tiny bit of CINF at $122.21, very close to a 6-month high.
Bought on 07/28/2022 at $97.20.
Sold my last tiny bit of DD at $76.77, very close to a 6-month high.
Bought on 06/13/2022 at $61.67.
Sold my highest cost lot of JPM at $143.49, very close to a 6-month high.
Bought on 03/01/2022 at $134.00.
Sold my last tiny bit of MSFT at $263.45, very close to a 3-month high.
Bought on 11/03/2022 at $219.13.
This Weeks Possible Stimuli
Fed Chairman Powell Speaks (Tuesday)
Consumer Credit for December (Tuesday)
Fed’s Williams Speaks (Wednesday)
MBA Mortgage Applications (Wednesday)
Fed’s Waller Speaks (Friday)
University of Michigan Consumer Sentiment Survey for February (Friday)
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 7th 4000/4020-4190/4210 condors for 1.60, SPX at 4106, deltas -.06 +.06.
UVXY VXX LABU
Sold UVXY Feb 10 2023 5.5 Covered Calls at $0.12
Sold UVXY Feb 10 2023 6.0 Covered Calls at $0.06
Sold VXX Feb 10 2023 12.5 Covered Calls at $0.11
Sold VXX Feb 10 2023 13.0 Covered Calls at $0.07
#CoveredCalls
Sold LABU Feb 10 2023 9.5 Calls at $0.17
#OnlySpreads
Expiration / Close AMZN Put / GDX Assigned
#optionsexpiration
$BLNK 14 put
$SHOP 44.5 put
$SHOP 46.5 put
$LABU 8 put
$XBI 93 call
#shortputs #earningstrade
$AMZN BTC 2/3 106 put at .22. STO yesterday at 2.20. Stock closed at 103.39. Whew!
#assignment
$GDX 30.50 put
OptionsExpiration
Expired:
LABU 12/9.5 Bear Call Spreads
LABU 11.5/9.5 Bear Call Spreads
LABU 9.0 Diagonal Calls
LABU 8.0 Diagonal Puts
SOXL 11.0 Diagonal Puts
TNA 50/45 Bear Call Spread
TNA 48.0 Diagonal Calls
UVXY 5.0/5.5/6.0/6.5 Covered Calls
VXX 11.5/12.0/12.5/13.0/13.5 Covered Calls
SPX 1 DTE Close
$SPX Closed todays put side at .10. Call should expire. Condor sold for $1.10 yesterday. Not able to watch and learning how to be prudent.
Have a great weekend all.
XBI
#SyntheticStock #SyntheticCoveredCalls – That’s the last of it. Traded it from 100 down to 90 over 13 months and turned out to be biggest winner while going down. LOL Gotta love options!
Sold XBI JAN 17 2025 90.0/90.0/40.0 Synthetic Stock @ 8.20 (bought for 4.20)
Bought to Close XBI FEB 3 2023 88.0 Calls @ 3.50 (sold for 2.20)
Bought to Close XBI FEB 3 2023 89.0 Call @ 2.50 (sold for 1.20)
Bought to Close XBI FEB 3 2023 90.0 Calls @ 1.65 (sold for 1.00)
Net gain 1.80 on the last batch.
TLT
#CoveredCalls – Close but not quite. Try again next week.
Rolled TLT FEB 3 2023 106.5 Calls to FEB 10 2023 106.5 Calls @ .80 credit (2.80 total now)
SPY
#CoveredCalls #ShortPuts – Using the early weakness for most of these.
Covered:
Rolled SPY FEB 3 2023 397.0 Call to FEB 17 2023 399.0 Call @ .35 credit (7.15 total now)
Rolled SPY FEB 3 2023 390.0 Calls to MAR 3 2023 393.0 Calls @ .35 credit (5.45 total now)
Rolled SPY FEB 3 2023 388.0 Call to MAR 17 2023 393.0 Call @ .35 credit (3.25 total now)
Rolled SPY FEB 10 2023 386.0 Calls to MAR 3 2023 388.0 Calls @ .20 credit (5.90 total now)
New:
Sold SPY FEB 10 2023 410.0 Put @ 2.70
Sold SPY FEB 17 2023 405.0 Put @ 2.75
Sold SPY FEB 24 2023 400.0 Put @ 2.50
Sold SPY MAR 3 2023 402.5 Put @ 3.15
Sold SPY MAR 10 2023 400.0 Put @ 4.00
Sold SPY MAR 17 2023 395.0 Put @ 4.25
Sold SPY MAR 24 2023 392.5 Put @ 4.20
Sold SPY MAR 31 2023 390.0 Put @ 4.35
Food For Thought
And no, I am not buying you lunch for thinking.
History tells us that the end of rate hikes has typically rewarded patient investors. The chart below shows returns for the S&P 500 following the end of rate-hike cycles since 1980.
LABU UVXY VXX
Scaled in:
Sold LABU Feb 03 2023 9.5 Calls at $0.09, $0.14 and $0.15
Scaled in:
Sold UVXY Feb 03 2023 5.0 Calls at $0.10, $0.11, $0.12, $0.13 and $0.14
Sold VXX Feb 03 2023 12.0 Calls at $0.07
Scaled in:
Sold VXX Feb 03 2023 11.5 Calls at $0.10, $.012 and $0.15
SPX 1 DTE
#spx1dte
$SPX STO 2/3 4040/4060 – 4280/4300 at $1.10 $SPX at 4177
Today’s trade expired. STO at .90
Options Bistro 