@BUYWRITE
BOT +100 AAPL @169.97
STO AAPL 5 MAY 2023 170 CALL @3.15
#shortputs
STO AAPL 5 MAY 2023 170 PUT @3.22
2 DAYS UNTIL we see.
Recent Updates Page 93
TLT
#ShortPuts – Just to avoid any more early assignments (for now).
Rolled TLT MAY 05 2023 108.0 Puts to JUN 16 2023 108.0 Puts @ 1.30 credit (3.90 total now)
AMD Call
#coveredcalls #earnings
$AMD STO 5/5 94 call at 1.75. Earnings tonight
KRE
#SyntheticStock – Starting small out to Jan 2025.
Bought KRE JAN 17 2025 40.0/40.0/30.0 Synthetic Stock /Disaster Puts @ 3.00
Sold KRE MAY 05 2023 39.5 Calls @ .64
TLT
#CoveredCalls – Early assigned on some more stock.
Sold TLT MAY 19 2023 107.0 Calls @ 1.13
KRE CFG ZION
Tiny buys:
CFG at $26.32 Div = 5.91%
KRE at $40.00 Div = 3.51%
ZION at $22.55 Div = 6.11%
#FallingKnife
UVXY VXX
Well, that was kind of fun while it lasted
Sold UVXY May 12 2023 5.0 Covered Calls at $0.05
Sold UVXY May 05 2023 6.5/4.5 Bear Call Spreads at $0.05 Credit
Sold UVXY May 19 2023 5.0 Diagonal Calls at $0.10, $0.13 and $0.15
Sold VXX May 05 2023 44.0 Diagonal Calls at $0.16 and $0.20
Sold VXX May 05 2023 43.5 Diagonal Call at $0.19
Sold VXX May 05 2023 43.0 Diagonal Call at $0.20
Sold VXX May 05 2023 42.5 Diagonal Calls at $0.23 and $0.85
Sold VXX May 05 2023 42.0 Diagonal Calls at $0.33 and $0.78
Sold VXX May 05 2023 41.5 Diagonal Calls at $0.39 and $0.78
Sold VXX May 05 2023 41.0 Diagonal Calls at $0.42 and $0.73
SPY
#ShortPuts #CoveredCalls – A little early on these today but still some decent rolls for DITM covered calls.
Rolled SPY MAY 05 2023 388.0 Call to JUN 02 2023 391.0 Call @ .30 credit (12.45 total now)
Rolled SPY MAY 05 2023 391.0 Calls to JUN 02 2023 394.0 Calls @ .60 credit (11.40 total now)
Rolled SPY MAY 05 2023 392.0 Calls to JUN 02 2023 395.0 Calls @ .70 credit (11.35 total now)
Rolled SPY MAY 05 2023 393.0 Calls to JUN 02 2023 396.0 Calls @ .90 credit (11.85 total now)
Sold SPY JUN 02 2023 400.0 Put @ 3.00
Upside Warning canceled
#VIXindicator The Upside Warning, which went into effect on March 30th, was canceled today when $VIX spiked above 19.73, which is 25% above Friday’s close.
This UpW produced a 3.4% increase from the SPX close on March 30th to yesterday’s high of 4,186.93.
If we close with VIX above 19.73 it will mean a Downside Warning.
Tail spin continues
#SPX1dte. No, I didn’t get out. I was driving to work when this happened.
Obviously, I need to stop this tail spin. No trade for tomorrow anyway, due to Fed decision. But most likely I need to do two things: (1) get back to basics with condors, even if low premium, and (2) not trade if I can’t be by the computer all morning.
Something changed in the market and SPX options a couple weeks ago. It completely uprooted my strategy which had been going very strong since last summer. I clearly was not ready for that change. I was going on my first quarter mentality of “everything’s fine every day.” It was, and now it isn’t.
As for today, I’m only left to hope for a bounce. That probability is high enough to stop me from closing now for 15.00+.
And now a writers strike has hit Hollywood, so I’m also out of a job!
VIX Puts
Closed 1 of my VIXW May 03 2023 15/17 Bull Put spreads at $0.02
Sold at $0.28
#OnlySpreads
SPX,
STO 4105/4125 put spread at .85 in the premarket.
TSLY TLTW
BOT TSLY @13.28
BOT TLTW @33.99
SPX 1-dte
#SPX1dte Sold to Open $SPX May 2nd 4135/4115 put spreads for .80. SPX at 4167, delta -.10.
After last week’s debacle and the persistency of narrow-width condors, I legged in today and am doing this tomorrow. I will only sell call spread today if we spike higher in the last 23 minutes. Otherwise will wait for morning.
Expiring: May 1st 4115/4135-4210/4230 condors, legged into for total of 1.20 this morning
CMG F
#onlyspreads
CMG 5 MAY 2023 1950/1945 PUT @.19 credit
—
#shortputs
F 5 MAY 2023 11.5 PUT @.14 credit
SPY
#ShortPuts – A few today.
Bought to Close SPY MAY 05 2023 395.0 Put @ .08 (sold for 3.45)
Bought to Close SPY MAY 05 2023 397.5 Put @ .10 (sold for 2.95)
Bought to Close SPY MAY 05 2023 400.0 Put @ .15 (sold for 3.45)
Bought to Close SPY MAY 05 2023 402.5 Put @ .22 (sold for 8.80)
Bought to Close SPY MAY 12 2023 387.5 Put @ .21 (sold for 3.60)
Rolled SPY MAY 19 2023 390.0 Put to MAY 19 23 407.5 Put @ 1.48 credit (5.55 toal now)
Rolled SPY MAY 26 2023 395.0 Put to MAY 26 23 405.0 Put @ 1.05 credit (4.25 total now)
VIX Index
Another new low at $15.53
NO FEAR about the FED
VXX
Sold VXX May 05 2023 41.0 Covered Calls at $0.21, $0.22, $0.23, $0.24 and $0.25
Sold VXX May 05 2023 41.5 Covered Calls at $0.21 and $0.22
Sold VXX May 05 2023 42.0 Covered Calls at $0.20
Sold 1 VXX May 05 2023 37.0 Diagonal Put at $0.39
Liquidated some very old pre-split Long Puts
Sold to close VXX1 Sep 15 2023 6.0 Puts at $0.16
Sold to close VXX1 Jan 19 2024 5.0 Puts at $0.30 (partial fill)
SPX 1-dte SAME DAY
#SPX1dte Thirty minutes after open bell, sold to Open $SPX May 1st 4135/4115 put spreads for .75.
Not sure if I’ll sell a call side.
LABU SOXL Calls
Sold LABU May 05 2023 6.0 Calls at $0.16, $0.18 and $0.21
Sold 1 LABU May 05 2023 6.5 Call at $0.08
Sold 1 SOXL May 05 2023 16.0 Call at $0.11
#OnlySpreads
FRC
OptionsExpiration
BOIL 4.0 Covered Call
BOIL 5.5 Covered Calls
FRC 17.5 Diagonal Call
LABU 6.5/6 Bear Call Spread
PNC 150/134 Bear Call Spread
PNC 145/133 Bear Call Spread
SOXL 20/16.5 Bear Call Spread
SOXL 11.5/12.5 Bull Put Spreads
SOXL 10/12 Bull Put Spread
UVXY 6.5/4.5 Bear Call Spreads
UVXY 5.0 Covered Calls
VXX 46.0,47.0 and 48.0 Covered Calls
many, many VXX Bear Call Spreads
I made a graph
Below is some analysis of year-to-date performance of my #SPX1dte strategy. It compares the width of my condor (number of SPX points between short strikes, ranging from 70 to 305), and premium collected (ranging from .85 to 1.80, but shown on chart as 85.00 to 180.00). The VIX daily closing price is also shown at top for reference.
The main finding is that the orange bars, representing width, have dropped a lot in recent weeks. Premium used to be consistently below width, and now it is consistenly higher. Volatility struck this week but we were not able to get an increase in width, which led to my terrible, horrible, no good, very bad week.
SOXL Put Roll
Bought to close 1 SOXL Mar 28 2023 13.5 Put at $0.04. Sold on Monday at $0.16
Rolled to 1 SOXL 05/05/2023 12.5 Put at $0.18 for a $0.14 Credit
Bought to close SOXL Apr 28 2023 13 Puts at $0.01. Sold at $0.11 and $0.18.
Rolled to SOXL May 05 2023 12.5 Puts at $0.14 for a $0.13 Credit
#OnlySpreads
VXX Call Ladder
Starting in on next week
Sold 1 VXX May 05 2023 41.0 Call at $0.50
Sold 1 VXX May 05 2023 41.5 Call at $0.43
Sold 1 VXX May 05 2023 42.0 Call at $0.38
Sold 1 VXX May 05 2023 42.5 Call at $0.36
Sold 1 VXX May 05 2023 43.5 Call at $0.27
LABU Call Roll
Bought to close 1 LABU Mar 28 2023 5.5 Call at $0.08. Sold it last week on a roll at $0.45
Rolled to 1 LABU 05/05/2023 5.5 Call at $0.30 for a $0.22 Credit
#OnlySpreads
PNC Calls
For safety(I’m probably panicking for no reason), I rolled a couple of the 4 PNC short calls I’m carrying into the close up 5 p0ints for one more week:
Bought to close 1 PNC Mar 28 2023 131.0 Covered Call / Sold 1 PNC 05/05/2023 136.0 Covered Call at $0.10 Credit
Bought to close 1 PNC Mar 28 2023 132.0 Call / Sold 1 PNC 05/05/2023 137.0 Call at $0.34 Credit
Waiting to see if my 133 and 134 calls expire
Not my week
#SPX1dte Bought to close $SPX Apr 26th 4165/4185 call spreads for 4.20. Absolutely brutal.
SPX same day
#SPX1dte Sold to Open $SPX Apr 28th 4055/4075-4165/4185 condors for .85
FRC DISH Put Rolls
Bought to close 1 FRC Apr 28 2023 3.5 Put at $0.10. Sold on Tuesday at $0.20
Replaced it with 1 FRC May 05 2023 2.5 Put at $0.45
Straight out closed the other FRC Apr 28 2023 3.5 Put at $0.05. Sold at $0.15
Bought to close 1 DISH Apr 28 2023 7.0 Put at $0.05. Sold on a rolldown last Friday at $0.16
Replaced it with 1 DISH May 05 2023 6.5 Put at $0.25
HAS Stock
Sold out of a tiny position in one account:
Sold HAS at $58.57.
Bought on 11/16/2022 at $57.00 and again on 03/10/2023 at $50.98
#FormerFallingKnife #RaisingCash
SPY
#closing
#BIGmovetoday/
one day on. Take profit and run. put capitol back ready for another day.
better then waiting 15 and 29 days. I have seen this movie before!!/LOL
BTC SPY 12 MAY 2023 388 PUT @.60 / sold for 1.62
BTC SPY 26 MAY 2023 395 PUT @2.29/sold for4.39
Pain
#SPX1dte – Well, today is the type of day I try to avoid at all costs. My first major failure in many months.
The first quarter of the year was so quiet that 100% of my stops turned out to be unnecessary. So I loosened up and let some days breech my stop and stayed in the trade. Then we got a downside warning and I started stopping out again, and to great benefit. However, I was still taking a more relaxed approach, not acting quickly when stop was first touched and waiting for a pullback.
This week included THREE stops, all of which would have been less costly had I acted soon after the first breech.
So lesson has been learned. I will be reacting quickly on stops moving forward, and only slightly relaxed after a period of complacency. Even then, I won’t allow my hope for a intraday reversal guide my strategy.
VIX Puts
Bought 1 VIXW May 03 2023 16.0 Put at $0.04
Sold 1 VIXW May 03 2023 17.0 Put at $0.23.
Looks like I made the right decision to cover the 18.0 Put at $0.23 yesterday
#OnlySpreads
SOXL
SOXL 5 MAY 2023/28 APR 2023 13.5 PUT@ .36 /credit
SOXL 5 MAY 2023/28 APR 2023 13 PUT @ .41/ credit
SPX,
STO 4120/4140 put spread at .30 this morning, then I had to go out and got into a fender bender in the parking lot at the store. I need this trade to work out. LOL
SPX stopped
#SPX1dte Bought to close $SPX Apr 27th 4105/4125 call spreads for 2.50. Condors sold yesterday for 1.20
Whipsaw week, two stop outs on opposite ends. After the quick surge from 4089 to 4096, stopped out on the pull back.
PFE Stock
Started a tiny new position in PFE at $39.00. Div = 4.1%
Q1 2023 Earnings Expected 05/02/2023
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 27th 3970/3990-4105/4125 condors for 1.20. Deltas reversed from -.06 +.07 to be -.07 +.06 between entering order and the fill.
SPY
sto SPY 12 MAY 2023 388 PUT @1.62
sto SPY 26 MAY 2023 395 PUT @4.39
SPX risk off
#SPX1dte Bought to close $SPX Apr 26th 4025/4005 put spreads for .10. Condors sold this morning for 1.20.
VXX Put
Sold 1 VXX Apr 28 2023 38.5 Put at $0.19.
Sold a whole lot of VXX Calls yesterday so no additional margin
#smallbuy #dividends .64 monthly payer…
#smallbuy
#dividends .64 monthly payer
BOT TLTW @34.21
Tidals version of TLT
same like TSLY tidals version of TSLA
PNC
A big move for a big regional bank considering it’s normal trading range is much calmer (from below 121.50 yesterday to about 128.50 today)
Putting on some diagonal bear call spreads for future weeks:
Bought 1 PNC May 12 2023 150.0 Call/ Sold 1 PNC May 05 2023 134.0 Call at $0.35 Credit
Bought 1 PNC May 19 2023 150.0 Call/ Sold 1 PNC May 05 2023 135.0 Call at $0.75 Credit
Bought 1 PNC May 19 2023 150.0 Call/ Sold 1 PNC May 12 2023 135.0 Call at $1.09 Credit
VIX Put
The VIX index seems to be retreating
Bought to close 1 VIXW May 03 2023 18.0 Put at $0.23. Sold at $0.29
Sold to open 1 VIXW May 03 2023 17.0 Put at $0.10 against a long position of a 16.0 Put
SPX,
STO 4005/4025 put spread at .50 this morning
SPX same day
#SPX1dte Sold to Open $SPX Apr 26th 4005/4025-4125/4145 condors for 1.20, deltas -.06 +.07.
Futures were fairly calm over night, so perhaps yesterday was an isolated event. Regardless I will be watching closely today.
SPY
#ShortPuts – One quick fill today.
Sold SPY May 26 2023 395.0 Put @ 3.22
VIX OptionsExpiration
On 4/20 sold 1 VIXW Apr 26 2023 35/19 Bear Call Spread at $0.75 Credit
At 4:08 today, covered the short Call at $0.30.
Probably didn’t need to do that though but the VIX did get above 19.80 briefly
The other spread I sold later that day, 1 VIXW Apr 26 2023 30/20 Bear Call Spread sold at $0.42 will likely expire
The final settlement of the VIX contracts are determined on the open tomorrow
This is because it is an AM settled option.
The government just announced that…
The government just announced that they are taking over FRC
SPX stopped
#SPX1dte Bought to close $SPX Apr 25th 4085/4065 put spreads for 4.60. Condors sold this morning for 1.10.
Biggest debit of 2023 thus far. May be my first losing week of the year, but I think I can get it to be a bit on positive side..
VXX Call Ladder
Sold VXX Apr 28 2023 42.0 Calls at $0.60 and $0.69
Sold VXX Apr 28 2023 42.5 Calls at $0.43, $0.54 and $0.59
Sold VXX Apr 28 2023 43.0 Calls at $0.45, $0.52 and $0.53
Sold VXX Apr 28 2023 43.5 Calls at $0.41 and $0.43
Sold VXX Apr 28 2023 44.0 Calls at $0.33 and $0.36
Sold VXX Apr 28 2023 44.5 Call at $0.32
Sold VXX Apr 28 2023 45.0 Call at $0.28
Sold VXX Apr 28 2023 45.5 Call at $0.25
Sold VXX Apr 28 2023 46.0 Call at $0.22
Sold VXX Apr 28 2023 46.5 Calls at $0.20, $0.21 and $0.27
Sold VXX Apr 28 2023 47.0 Calls at $0.22 and $0.24
Sold 1 VXX Apr 28 2023 47.5 Call at $0.30
Sold 1 VXX Apr 28 2023 48.5 Call at $0.21
Pretty much done with VXX until Friday
KMB USB CFG Stocks
Sold a tiny position in KMB at $144.86. Bought on 03/08/2022 at $124.11 and got a year’s worth of dividends too.
#FormerFallingKnife
Added to my tiny USB position at $32.24.
Added to my tiny CFG position at $28.00
#SP500 #FallingKnife
SOXL
#rolling
#kickthecan
SOXL 12 MAY 2023/28 APR 2023 12 CALL @.30
SOXL 5 MAY 2023/28 APR 2023 15.5 PUT @.24
SPX same day
#SPX1dte Sold to open $SPX Apr 25th 4065/4085-4155/4175 condors for 1.10, deltas -.07 +.08
Going a little looser on deltas to get some premium, but certainly higher risk to whippy days.
META Earnings Iron Condor
#earnings #ironcondor
Earnings Wednesday after the close.
$META STO 4/28 185/190 – 240/235 at 1.40
MARA FRC Call
#coveredcalls
$MARA STO 4/28 10 call at .30
$FRC STO 4/28 16.50 call at 1.65
Well the $FRC cover not a good idea. Stock down $3.54 after hours, clearly surpassing the $$1.65 for the cover.
SPY
#spy7dte
STO SPY 1 MAY 2023 398/394 PUT @.14
VIX one-day index launches
Further to Iceman’s post from Friday, the new one-day $VIX index launched this morning, ticker $VIX1D
https://www.prnewswire.com/news-releases/cboe-global-markets-launches-1-day-volatility-index-designed-to-measure-volatility-over-current-trading-day-301805109.html
SOXL Put, Boil Call
Sold 1 BOIL Apr 28 2023 4.0 Covered Call at $0.05
Sold 1 SOXL Apr 28 2023 13.5 Put at $0.16
Paired with my SOXL Apr 28 2023 16.5 Short call for a total strangle premium of $0.42
#OnlySpreads
META
#onlyspreads
STO META 28 APR 2023 177.5/167.5 PUT @.40
SPX same day
#SPX1dte In pre-market, sold to open $SPX Apr 24th 4070/4090-4165/4185 condors for .95, deltas -.07 +.06
SPY
#onlyspreads
sto SPY 21 APR 2023 410/406 PUT @.35 /expired
—
#spy7dte
sto SPY 28 APR 2023 396/392.5 PUT @.13
sto SPY 28 APR 2023 397/393 PUT @.14
OptionsExpiration
BOIL 4.0, 4.5, 5.0 and 5.5 Covered Calls
LABU 3.5/5.5 Bull Put Spreads
SOXL 21.5/17 Bear Call Spread
SOXL 11.5/13.5 Bull Put Spread
SOXL 12/14 Bull Put Spread
SOXL 12/14.5 Bull Put Spread
UVXY 4.5 and 5.0 Covered Calls
VXX 64/48 Bear Call Spreads
VXX 58/48.5 Bear Call Spread
VXX 57/45.5 Bear Call Spread
VXX 56/45 Bear Call Spread
VXX 56/44.5 Bear Call Spreads
VXX 55/44 Bear Call Spreads
VXX 54/43.5 Bear Call Spread
VXX 53/43 Bear Call Spread
VXX 42.5, 42.0, 41.5 and 41.0 Diagonal Calls
VXX 30/38 Bull Put Spreads
VXX 31/38 Bull Put Spreads
VXX 32/39 Bull Put Spreads
VXX 39.0 Diagonal Puts
VXX Puts
Now that my VXX Apr 21 39.0 Puts are expiring I’m selling some for next week.
Sold VXX Apr 28 2023 37.0 Diagonal Puts at $0.22, $0.25 and $0.29
Sold against existing long VXX May Puts
#VXXContango
SPX 1-dte
#SPX1dte Not trading for Monday, gonna wait for the morning.
AMZN Stock
Sold the last of my tiny AMZN stock position at $108.01
Bought on 11/09/2022 at $88.00
#FormerFallingKnife #RaisingCash
PNC Calls
Rolled a whole bunch of PNC April 21 2023 Calls up 4 points each for just one more week
Rolled PNC 127 Covered Call to PNC 131 Covered Call at $0.39 Credit
Rolled PNC 128 Call to PNC 132 Call at $0.29 Credit
Rolled PNC 129 Call to PNC 133 Call at $0.24 Credit
Rolled PNC 130 Call to PNC 134 Call at $0.19 Credit
All this while PNC was actually falling on the day
LABU Call Roll, SOXL Put sale
Bought to close LABU Apr 21 2023 6.0 Diagonal Calls at $0.06. Sold at $0.16
Rolled them to LABU Apr 28 2023 6.5 Diagonal Calls at $0.08 for a $0.02 Credit and a $0.50 higher Strike
Bought to close 1 LABU Apr 21 2023 6.0 Covered Call at $0.06
Sold 1 LABU Apr 28 2023 6.0 Covered Call at $0.28
Why is LABU so strong on Friday recently??
The rest of the market = ZZZZZZZZZZzzzzzzzzzzzzzz
Sold 1 SOXL Apr 21 2023 14.5 Put at $0.12
0DTE
The VIX Is Dead, Long…
The VIX Is Dead, Long Live The 0DTE VIX
https://www.zerohedge.com/markets/vix-dead-long-live-0dte-vix
VXX Trades
Closed 1 VXX 38/48 short strangle at $0.02. Sold last Friday at $0.45
Bought to close 1 VXX Apr 21 2023 41.0 Covered Call at $0.21. Sold at $0.46
Rolled it up to 1 VXX Apr 28 2023 46.0 Covered Call at $0.53
Later:
Bought to close VXX Apr 21 2023 40.5 Covered Calls Net Credit at $0.04. Sold yesterday on a rolldown at a $0.58 Average
Rolled them UP to VXX Apr 28 2023 48.0 Covered Calls at $0.27 for a $0.23 Credit with a big jump in the short strike
Bought to close VXX Apr 21 2023 43.5 Covered Calls at $0.01. Sold them at $0.22 earlier this week
Rolled them UP to VXX Apr 28 2023 48.0 Covered Calls at $0.30 for a $0.29 Credit
Bought to close 1 VXX Apr 21 2023 42.0 Covered Call at $0.01. Sold at $0.34 yesterday
Rolled it UP to 1 VXX Apr 28 2023 48.0 Covered Calls at $0.30 for a $0.29 Credit
SPX risk off
#SPX1dte Bought to close $SPX April 21st 4055/4035 put spreads for .10. Condors sold yesterday for 1.05. Risk still ON for call side, but it seems the precipitous moves this week have been downward.
Lesson learned last week: If I get to the end of the week and I’m at or above my 3.00 target, lean toward taking risk off and ending the week strong, rather than last week when the final two hours of day chopped 2.20 off my week.
Provided no upside surge today, week’s profit is +4.00
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 21st 4035/4055-4165/4185 condors for 1.05, SPX at 4120, deltas -.06 +.07
Expiring: Apr 20th 4075/4095-4205/4225 condors, sold yesterday for .90
VXX Call Rolldown for this week
Trying for a bit of extra premium 1DTE
Doing what I can to keep my VXX 39.0 short puts out of the money
Bought to close VXX Apr 21 2023 42.0 Covered Calls at $0.28 and $0.29. Sold earlier this week at $0.31 and $0.33
Bought to close 1 VXX Apr 21 2023 42.5 Covered Call at $0.22. Sold earlier this week at $0.27
Bought to close 1 VXX Apr 21 2023 43 Covered Call at $0.18. Sold earlier this week at $0.24
Sold VXX Apr 21 2023 40.5 Covered Calls at $0.56, $0.57, $0.58 and $0.59
Since the calls are covered, if I have to roll them back up, I will (for a credit of course)
#DoubleDip
I am going to hold…
I am going to hold off on a trade until tomorrow. There are more earnings and it could have a effect on the market tomorrow morning and the FED head is not helping.
