Moving early so I have less to worry about tomorrow
Rolled 1 LABU Apr 21 2023 5.5 Call to next week’s LABU Apr 28 2023 5.5 Call at $0.14 Credit
#OnlySpreads
Still have LABU Covered Calls at the same strike that I will hold until near the close tomorrow
Rolled UP 1 SOXL Apr 21 2023 15.5 Call to next week’s SOXL Apr 28 2023 16.5 Call at $0.04 Credit and bumped the short strike up above this week’s HIGH price
#OnlySpreads
A couple more on the open:
Bought 1 VIXW Apr 26 2023 35 Call at $0.07
Sold 1 VIXW Apr 26 2023 19 Call at $0.82 for a $0.75 Credit
Bought 1 VIXW May 03 2023 35 Call at $0.21
Sold 1 VIXW May 03 2023 22 Call at $0.80 for a $0.59 Credit
#speculation #bullputspreads #assignment
Sold this $PACW Apr 21st 15/10 put spread for 3.70 on March 17th, and it fizzled out, failing to get above 11 until yesterday. I was on a plane when it peaked at 11.71 so didn’t close. Last night, ASSIGNED on the short puts on over half of the spreads. Today, looking to close remaining SPREADS for 3.50, breakeven covering commissions. Also will look to sell stock if we get over 11.50, which would be effectively the same. Earnings are next week so no interest in holding on to the stock longer.
STO 4070/4090 put spread at 1.15 in the pre market.
#optionsexpiration
#onlyspreads
SPY 19 APR 2023 412/408 PUT STO@.30
The VIX index just hit a new 52-week low at 16.17, pressuring my bull put spreads
As a partial offset I put on the following VIXW (Vix Weekly) Bear call spreads.
Bought 1 VIXW May 03 2023 35.0 Call at $0.11
Sold 1 VIXW May 03 2023 21.0 Call at $0.64 for a $0.53 Credit
Bought 1 VIX May 17 2023 42.5 Call at $0.22
Sold 1 VIX May 17 2023 26.0 Call at $0.77 for a $0.55 Credit
With my long VXX and UVXY stock benefiting greatly if the VIX rallies, I’m not likely to be pressured to close these prematurely.
#SPX1dte Sold to Open $SPX Apr 20th 4075/4095-4205/4225 condors for .90. SPX at 4156. Deltas -.06 +.06. Only partial fill so far but about to board a plane. That’s why I’m selling earlier than usual.
Expected to Expire: Apr 19th 4090/4110-4200/4220 condors, sold yesterday for 1.00
Couldn’t get any premium for this week so went out a couple of weeks
Sold to Open UVXY May 05 2023 5.5 Calls at $0.11
Sold to Open UVXY Apr 28 2023 5.0 Calls at $0.07.
Waiting for volatility to return to this market.
Sold all of my ALGN stock at $356.01.
Started buying in Jan 2022 at $494.00 and stopped after 7 buys on 10/27/2022 at $178.00
Overall, made 7.5% (with no dividend income) and not worth the hassle.
I don’t often buy no dividend stocks any more
This frees up a bit of cash as the market looks toppy
#FormerFallingKnife #RaisingCash
#rolling
SOXL 28 APR 23/21 APR 2023 15.5 PUT @.32 credit
#onlyspreads
Sto SPY 19 APR 2023 412/408 PUT @.30
STO 4070/4090 put spread at .80 in the premarket
#spx1dte
$SPX STO 4/19 4085/4105 – 4220/4200 at .95
Expired
SPX 4075/4095 – 4210/4190 Sold at .95
#SPX1dte Bought to close $SPX Apr 18th 4140/4120 put spreads for .85. Sold for 1.30 this morning.
Market just too unstable and close to my strike. I will post tomorrow’s trade in comments, but waiting until final minutes of the day.
Sold a tiny bit of JPM at $141.38.
Bought on 03/07/2022 at $129.00
#FormerFallingKnife #RaisingCash
#shortputs
$SCHW STO 4/21 53 put at .52
#coveredcalls
$SGML STO 4/21 40 call at .45
#shortputs
$MARA BTC 4/21 10 put at .05. STO at .88 on 4/12
#coveredcalls
$SHOP STO 4/21 50 call at .51
$U STO 4/21 31.5 call at .31
$PLL STO 4/21 60 call at .65
It looks like no trade for me for tomorrow because there is not enough premium or volatility.
BTC 4020/4040-4180/4200 at .25 and a partial at .20because I had a nice profit on a large position and did not want to give it back.
STO SOXL 21 APR 2023 13.5 PUT @.13
STO SOXL 21 APR 2023 14 PUT @.22
Sold BOIL Apr 21 2023 4.0 Covered Calls at $0.10
Sold LABU Apr 21 2023 6.0 Covered Calls at $0.08 and $0.15
Sold 1 SOXL Apr 21 2023 13.5 Put at $0.12
Sold 1 SOXL Apr 21 2023 14.0 Put Limit at $0.21
Sold VXX Apr 21 2023 39.0 Puts at $0.27 and $0.28
Sold VXX Apr 21 2023 38.0 Puts at $0.08, $0.09, $0.10 and $0.11
#SPX1dte In pre-market, sold to open $SPX 4075/4095-4175/4195 condors for 1.00, deltas -.06 +.06
At the close yesterday, STO 4020/4040-4180/4200 iron condor at..75 cents. The delta on the put side is .02 and call side is .12
#optionsexpiration
$PFE 42.50 call
$SHOP 50 call
$U 32.5 call
Expired….$SPX April 14th 4055/4075-4195/4215 condors, sold yesterday for 1.00..
#SPX1dte
== Expired==
BOIL 4.0 Covered Calls
BOIL 4.5 Covered Calls
BOIL 2.5/3 Bull Put Spread
LABU 5.5 Covered Call
LABU 7/5.5 Bear Call Spread
LABU 3/5 Bull Put Spreads
SOXL 21/18 Bear Call Spread
SOXL 19.5/17 Bear Call Spread
SOXL 10/15 Bull Put Spreads
SOXL 14.5 Diagonal Puts
SOXL 14.0 Diagonal Puts
UVXY 7/4.5 Bear Call Spreads
UVXY 5.0 Covered Calls
UVXY 5.5 Covered Calls
VXX 70/53 Bear Call Spreads
VXX 69/51 Bear Call Spreads
VXX 68/49 Bear Call Spread
VXX 68/48.5 Bear Call Spread
VXX 68/48 Bear Call Spread
VXX 67/46 Bear Call Spreas
VXX 66/47 Bear Call Spread
VXX 65/46.5 Bear Call Spread
VXX 48.0, 49.0, 50.0, 51.0 and 52.0 Covered Calls
VXX 46.0, 45.5, 45.0, 43.0 and 42.5 Diagonal Calls
VXX 40.5 Diagonal Puts
==Assignments==
BOIL 4.0 Puts
#ShortPuts #SyntheticCoveredCalls #CoveredCalls – That’s it for me for a couple weeks. Taking a little vacation for some golf and fishing and catching up with some old friends. Looking forward to the May 5 expiration now! Enjoy and let’s see VIX back above 20 by then. LOL I’ll be reading the forum when I can…happy trading!
AMZN: Synthetic covered call rolls.
Rolled AMZN APR 21 2023 95.0 Calls to MAY 05 2023 98.0 Calls @ .05 debit (2.30 total now)
Rolled AMZN APR 21 2023 96.0 Calls to MAY 05 2023 99.0 Calls @ .25 credit (2.75 total now)
Rolled AMZN APR 21 2023 97.0 Calls to MAY 05 2023 100.0 Calls @ .55 credit (3.40 total now)
Rolled AMZN APR 21 2023 101.0 Calls to MAY 05 2023 100.0 Calls @ 3.55 credit (5.50 total now)
TLT: Rolling short puts for additional credit.
Rolled TLT APR 14 2023 107.5 Puts to MAY 05 2023 108.0 Puts @ 1.50 credit (2.65 total now)
XBI: Booking a few short puts and rolling covered and synthetic covered calls.
Bought to Close XBI APR 21 2023 75.0 Puts @ .25 (sold for 1.75)
Rolled XBI APR 14 2023 77.0 Calls to MAY 05 2023 78.0 Calls @ .85 credit (2.90 total now)
Rolled XBI APR 14 2023 77.0 Calls to MAY 05 2023 79.0 Calls @ .25 credit (1.35 total now)
Bought to close VXX Apr 14 41.5 Puts at $0.20. They got too far in the money this morning to not bail out before the close.
Sold them over the last week at $0.23 and $0.34
I’ve still got VXX Puts at 41.0 and 40.5 that should expire today
0DTE Scalps
Sold VXX Apr 14 2023 42.5 Calls at $0.14
Sold 1 VXX Apr 14 2023 43.0 Call at $0.12
#shortputs
BTC 4/14 52 put at .60. Took in 1.80 over two rolls
#bups
$META BTC 4/21 180/185 BUPS at .10. STO at 2.10
Bought to Close 1 SOXL Apr 14 2023 15.0 Call at $0.65. Sold last week on a rollup at $1.38
Sold to Open 1 SOXL Apr 21 2023 15.5 Call at $0.75 plus an extra $0.50 on the short strike
#OnlySpreads
#coveredcalls
$PLL BTC 4/21 65 call at .10. STO at .95
LABU 21 APR 2023/14 APR 0223 5.5 PUT @.17 credit
LABU 21 APR 2023/14 APR 2023 4.5 CALL @.03 credit
#coveredcalls
$XBI BTC 4/14 78.50 call and STO 4/21 79.50 call at .17 added credit and $1 more if called away
STO 4120/4100 put spread for .20 cents that expire today. Market feels strong.
#SPX1dte Expected to expire: $SPX April 13th 4015/4035-4150/4170 condors, sold yesterday for 1.05
Profit for week: +4.15
No trade for Friday as I will be on a plane to Denver in the morning.
Bull Put Spreads
Bought 1 VIX Jun 21 2023 15.0 Put at $0.04
Sold 1 VIX Jun 21 2023 17.0 Put at $0.26 for a $0.22 Credit
Bought VIXW May 10 2023 15.0 Puts at $0.04
Sold 1 VIXW May 10 2023 17.0 Put at $0.28 and $0.31 for $0.24 and $0.27 Credits
Bought to Open 1 VIXW May 03 2023 16.0 Put Net at $0.03
Sold to Open 1 VIXW May 03 2023 18.0 Put at $0.29 for a $0.26 Credit
Interestingly, the May 10 premiums are higher than the June Monthly premiums
Sold 1 LABU Apr 21 2023 5.5 Covered Call at $0.15
Rolling:
Bought to close 1 LABU Apr 14 2023 5.5 Put at $0.31. Sold on a roll last week at $0.72
Sold 1 LABU Apr 21 2023 5.5 Put at $0.41 for a $0.10 Credit
At least one of these will expire 🙂
#spy7dte
STO SPY 19 APR 2023 393/389 PUT @.13
—
#shortputs
STO SOXL 14 APR 2023 14.5 PUT @.14
#SPX1dte Sold to Open $SPX April 13th 4015/4035-4150/4170 condors for 1.05, SPX at 4095, deltas -.06 +.06
Expiring: April 12th 4050/4070-4185/4205 condors, sold this morning for 1.10
SPY: Setting up to be out the next couple weeks. Moving most positions to May 5 expiration.
Bought to Close SPY APR 21 2023 395.0 Put @ .65 (sold for 5.25)
Bought to Close SPY APR 28 2023 392.5 Put @ 1.17 (sold for 6.00)
Sold SPY MAY 05 2023 397.5 Put @ 2.95
Sold SPY MAY 05 2023 400.0 Put @ 3.45
Rolled SPY MAY 05 2023 392.5 Put to MAY 05 2023 402.5 Put @ 1.85 credit (8.80 total now)
Rolled SPY APR 14 2023 388.0 Calls to MAY 05 2023 391.0 Calls @ even (10.80 total now)
Rolled SPY APR 14 2023 389.0 Calls to MAY 05 2023 392.0 Calls @ even (10.55 total now)
Rolled SPY APR 14 2023 390.0 Calls to MAY 05 2023 393.0 Calls @ .30 credit (10.95 total now)
Rolled SPY APR 21 2023 386.0 Call to MAY 05 2023 388.0 Call @ even (12.15 total now)
FOMC minutes at 2PM
Sold SOXL Apr 14 2023 14.5 Puts at $0.11 and $0.13
#ONlySpreads
3 DTE
Sold VXX Apr 14 2023 45.5 Calls at $0.31 and $0.34
Sold 1 VXX Apr 14 2023 46.0 Call at $0.23
Sold 1 VXX Apr 14 2023 46.5 Call at $0.20
Sold 1 VXX Apr 14 2023 47.0 Call at $0.18
Sold 1 VXX Apr 14 2023 47.5 Call at $0.16
Sold 1 VXX Apr 14 2023 48.0 Call at $0.15
Sold 1 VXX Apr 14 2023 48.5 Call at $0.13
Sold 1 VXX Apr 14 2023 49.0 Call at $0.13
#OnlySpreads
#coveredcalls
$SHOP STO 4/14 50 call at .42
$U STO 4/14 32.50 call at .20
Bought to Open 1 VIXW May 10 2023 15.0 Put Net at $0.02
Sold to Open 1 VIXW May 10 2023 17.0 Put at $0.20 for a $0.18 Credit
ADDED:
Bought 1 VIXW May 10 2023 15.0 Put at $0.02
Sold 1 VIXW May 10 2023 17.0 Put at $0.23 for a $0.21 Credit
#Market #VIXIndicator This morning we hit a new high since the last Downside Warning, exceeding the April 4th peak. Next stop might be the Feb 2nd high of 4195.
#SPX1dte In pre-market, sold to Open $SPX April 12th 4050/4070-4185/4205 condors for 1.10, deltas -.06 +.06
#shortputs
STO SOXL 14 APR 2023 15.5 PUT @.32
#Expiring: $SPX Apr 11th 4025/4045-4155/4175 condors, sold yesterday for 1.20
No trade yet for tomorrow; I will place one after the CPI report is released in the morning.
With no comment
Sold BOIL Apr 21 2023 4.5 Covered Calls at $0.09
Sold LABU Apr 21 2023 5.5 Covered Calls at $0.10
#ShortPuts – Lots of economic reports and Fed Heads coming this week so taking this a little early.
Bought to Close SPY APR 14 2023 387.5 Put @ .24 (sold for 5.05)
Sold 1 VIX May 17 2023 17.0 Put at $0.17
Bought 1 VIX May 17 2023 15.0 Put at $0.02 to create a Bull Put Spread
The 52 week low on the VIX index is $17.02 (or 17.06, depending on the source)
Sold 1 SOXL Apr 14 2023 18.0 Call at $0.16
Bought 1 VXX May 19 2023 33.0 Put at $0.05
Sold 1 VXX Apr 14 2023 41.5 Put at $0.34
Sold 1 VXX Apr 14 2023 41.0 Put at $0.20
Sold VXX Apr 14 2023 40.5 Puts at $0.11, $0.13 and $0.15
#SPX1dte Sold to Open $SPX Apr 11th 4025/4045-4155/4175 condors for 1.20, SPX at 4100, deltas -.07 +.05
Expiring: Apr 10th 4025/4045-4115/4135 condors, sold this morning for .80
Bought 1 VXX Jun 16 2023 27.0 Put at $0.03
Sold 1 VXX Apr 14 2023 41.5 Put at $0.23
Sold 1 VXX Apr 14 2023 41.0 Put at $0.13
#VXXContango #OnlySpreads
#ShortPuts – Sold SPY MAY 05 2023 395.0 Put @ 3.45
Sold 1 SOXL Apr 14 2023 17.0 Call at $0.26 plus Sold 1 SOXL Apr 14 2023 14.0 Put at $0.25 for a $0.51 total Credit
#OnlySpreads
Changed my mind.
#SPX1dte Sold to Open $SPX Apr 10th 4025/4045-4115/4135 condors for .80. Deltas -.06 + .06, SPX at 4082.
At the open
Sold VXX Apr 14 2023 53 Calls at $0.15
Sold VXX Apr 14 2023 52 Calls at $0.18
Sold VXX Apr 14 2023 51 Calls at $0.22
Sold VXX Apr 14 2023 50 Calls at $0.28
Sold VXX Apr 14 2023 49 Calls at $0.33
Sold 1 VXX Apr 14 2023 48 Call at $0.41
Sold UVXY Apr 14 2023 5.5 Calls at $0.05
Sold UVXY Apr 14 2023 5 Calls at $0.08
STO 4005/4025 put spread at .45 in my IRA. Fidelity has restricted my trading account because I put on an iron condor in March and only covered one leg as a spread and not an I.C., This is frustrating.
#SPX1dte Something changed with my interface at Interactive Brokers and I cannot execute an $SPX trade in the pre-market. I will have to call them. In meantime, I will consider a trade after the open.
#Jobs — Down from February, meeting expectations.
Gain of +236,000 non-farm payroll jobs, vs. expected gain of 238K
Unemployment down by 0.1 to 3.5%, vs. expected hold at 3.6%
U6 unemployment 6.7%, down by 0.1
Labor force participation 62.6%, up by 0.1
Average hourly earnings up by 0.3%; 4.2% increase over the year, lowest since June 2021.
February jobs revised down up +15K to +326K
January jobs revised down by -32K to +472K
==Short Positions that Expired==
BOIL 6/4 Bear Call Spreads
LABU 8/5 Bear Call Spread
LABU 5.5 Covered Calls
SOXL 21/19 Bear Call Spread
SOXL 20/18.5 Bear Call Spread
SOXL 9.5/15.5 Bull Put Spreads
SOXL 9/15 Bull Put Spreads
UVXY 6.0 Covered Calls
UVXY 5.5 Covered Calls
UVXY 5.0 Covered and Diagonal Calls
VXX 80/51 Bear Call Spreads
VXX 77/50 Bear Call Spread
VXX 72/50 Bear Call Spread
VXX 71/50 Bear Call Spread
VXX 70/49 Bear Call Spread
VXX 65/49 Bear Call Spread
VXX 64/49 Bear Call Spread
VXX 53.0, 52.0, 51.0, 50.0, 48.5, 47.5 Covered Calls
VXX 48.5, 47.5, 47.0 46.0 Diagonal Calls
VXX 43.0 Diagonal Put
VXX 42.5 Diagonal Puts
VXX 42.0 Diagonal Puts
KSS 21.5 Put (cash backed in IRA)
==Assignments==
1 BOIL 4.5 Put
Bought to close UVXY Apr 06 2023 4.5 Puts at $0.12. Sold earlier this week at $0.14 and $0.16
Rolled to short UVXY Apr 14 2023 4.5 Puts at $0.27 for a $0.15 Credit.
Took a bit of the cash and bought:
1 UVXY Jun 16 2023 3.0 Put at $0.07
1 UVXY Sep 15 2023 2.0 Put at $0.04
#UVXYContango
#SPX1dte Expiring: $SPX April 6th 4015/4035-4135/4155 condors, sold yesterday for 1.05
Week’s profit is +4.30.
No trade for Monday, going to stay clear of long weekend and tomorrow’s #Jobs report.
My $PACW 15/10 bull credit spread expires 4/21 and so far, no good. Sold for 3.70, now running about 4.30. I need another pop up towards 14 to get out, or a two-week slow drift up would be ok too.
The MOVE Index is the bond market equivalent of the VIX Index. It measures the implied volatility of 1-month options from the 2-year note to the 30-year bond.
Today’s closed was 153.9.
The shaded area is inside 2 standard deviations. So, 153.9 above the shaded area means it is… pic.twitter.com/CrZoTxoNUs
— Jim Bianco biancoresearch.eth (@biancoresearch) April 5, 2023
#CoveredCalls #SyntheticCoveredCalls – A few rolls. The ones that are deep in the money are getting rolled to May since I’ll be gone last two weeks of this month.
GOOGL: Synthetic covered rolls.
Rolled GOOGL APR 06 2023 93.0 Calls to MAY 05 23 94.0 Calls @ .05 credit (1.45 total now)
Rolled GOOGL APR 06 2023 94.0 Calls to MAY 05 23 95.0 Calls @ .05 credit (.95 total now)
Rolled GOOGL APR 06 2023 95.0 Call to MAY 05 23 96.0 Call @ .40 credit (2.55 total now)
TLT: Covered and synthetic covered rolling.
Rolled TLT APR 06 2023 104.5 Calls to MAY 05 2023 106.0 Calls @ .15 debit (.75 total now)
Rolled TLT APR 06 2023 105.5 Calls to MAY 05 2023 106.0 Calls @ .85 credit (2.85 total now)
Rolled TLT APR 06 2023 105.5 Calls to MAY 05 2023 107.0 Calls @ .10 credit (.95 total now)
XBI: Covered and synthetic covered rolling.
Rolled XBI APR 06 2023 76.0 Calls to APR 14 2023 77.0 Calls @ .40 credit (1.10 and 2.05 total now)
STO SPY 13 APR 2023 422/426 CALL @.13 and .16
Added a couple of “throw-away” long puts to write against
Bought 1 VXX Jun 16 2023 25.0 Put at $0.03
Bought 1 VXX Jun 16 2023 26.0 Put at $0.03
#VXXContango
Rolled my SOXL Apr 06 2023 16.0 Puts to SOXL Apr 14 2023 15.0 Puts at $0.02 Credit and got them out of the money.
Paired with SOXL 15.0 Call that I rolled up to yesterday.
At least one side will definitely expire.
#OnlySpreads
