STO Feb 27, 4050/4070 call spread at .35
Recent Updates Page 99
SPY
#CoveredCalls – One account transferred and the other one should be completed this week.
Rolled SPY MAR 3 2023 402.0 Call to MAR 3 2023 392.5 Call @ 4.05 credit (11.65 total now)
Here’s my catch-up post:
Expired
SHOP 2/17 $45 Covered Call, new basis $27.39
SNAP 2/17 $13 Covered Call, new basis $9.22
LFYT 2/17 $20 Covered Call, new basis $13.48
Assigned
TSLA 1/27 $130 Covered Call, Buy write at $121.02
AMZN 2/3 $100 Covered Call, Buy write at $88.45
Expiration
#optionsexpiration
$XBI 84.5 call
$SHOP 43 call
$HAL 36.5 put
#assignment
$SHOP 47 put
Tiny Trades
First buys in a while
Added AAP at 138.50 and 138.00. New 52-week low. Div = 4.22%
Added D at $56.93. Also a new low. Div = 4.66%
#SP500 #FallingKnife
OptionsExpiration
Expired:
BOIL 4.5 Diagonal Puts
BOIL 5.0 Diagonal Puts
LABU 11/8 Bear Call Spreads
SOXL 11.5/12.5 Bull Put Spread
SOXL 12/13 Bull Put Spread
SOXL 12/13.5 Bull Put Spread
SOXL 18/15 Bear Call Spread
SPY 405.0 Diagonal Call
UVXY 8.5/6 Bear Call Spread
UVXY 8/6 Bear Call Spreads
UVXY 7.5/6 Bear Call Spreads
UVXY 7/6 Bear Call Spreads
UVXY 6.0 Covered Calls
UVXY 6.5 Covered Calls
VXX 14/12.5 Bear Call Spread
VXX 14/13 Bear Call Spreads
VXX 12.5 Covered Calls
VXX 13.0 Covered Calls
SPX,
STO 3860/3880-4040/4060 Feb.27, At 1.00
The ones I posted will expire at zero.
SOXL Call
Bought to close 1 SOXL Feb 24 2023 14.5 Call at $0.01. Sold on a roll last week at $2.47
VXX
Bought to close VXX Feb 24 2023 13.0 Calls at $0.01
Bought to close VXX Feb 24 2023 12.0 Puts at $0.01
Rolled VXX Feb 24 2023 13.0 Puts to VXX Mar 03 2023 13.0 Puts at $0.25 Credit
Rolled VXX Feb 24 2023 12.0 Covered Calls to VXX Mar 03 2023 12.5 Covered Calls at $0.08 Credit
Added $0.50 to the strike price
SPY Daily Ladder
Sold 1 SPY Feb 27 2023 394.0 Put at $2.48
#OnlySpreads #SPYDailyLadder
SPY scalp and SPY OptionsExpiration
Yesterday:
Sold 1 SPY Feb 24 2023 405.0 Call at $0.86
#OnlySpreads
Expired:
1 SPY Feb 23 2023 395.0 Put. Sold at $0.87
#SPYDailyLadder
Yesterday,
STO 3880/3900-4080/4100 at .70 cents for FEB 24
STO, 4095/4115 call spread at .40
SPX 1-dte
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 24th 3920/3940-4090/4110 condors for 1.30, SPX at 4019, deltas -.06 +.06
Expiring: Feb 23rd 3885/3905-4050/4070 condors, sold yesterday for 1.20
SPY SOXL
#onlyspreads
Sto SPY 100 2 MAR 2023 379/375 PUT @.13 CBOE
#closing
Btc SOXL 24 FEB 2023 17 CALL @.01
#rolling
Sto SOXL 3 MAR 2023/24 FEB 2023 12 CALL @.13
SSO,
BTO March 3, 48/45 put spread as a hedge for a small trade at .70 cents.
SPY
#closed
Btc 22 FEB 2023 400 PUT @1.66/sto yesterday for 2.02
did not choose many options/pun intended!
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 23rd 3885/3905-4050/4070 condors for 1.20, SPX at 3981, deltas -.05 +.06
Expiring: Feb 22nd 3905/3925-4070/4090 condors, sold yesterday for 1.40.
SPY scalp
Sold 1 SPY Feb 22 2023 404.0 Call at $0.18
Paired with short 400 and 402 Puts I may have to roll this afternoon
#OnlySpreads
VXX Long term Puts
Bought 1 VXX Jan 17 2025 5.0 Put at $0.80 – adding to my position
Bought 1 VXX Jan 17 2025 6.0 Put at $1.25
Both are life-of-contract low prices
#VXXContango
SPX 1 DTE
Today’s trade 4000/3980 – 4150/4170 ended at a loss of $1.51. Took in $1.15 and position closed at $2.66. Held on to the end. Not advisable. First losing trade with this strategy of the year. I’ve had 20 trades since January 18th. Took in 21.60. Now the first loss. I probably will be trading less. Market is a bit scary.
SPX 1-dte
#SPX1dte Twelve minutes after closing bell, Sold to Open $SPX Feb 22nd 3905/3925-4070/4090 condors for 1.40.
SPX
This morning, STO 3970/3990/4095/4115 IC for $1.30
EXPIRED! A bit too close for comfort however.
BOIL
Completely out of KOLD, switching to BOIL to play NatGas.
Unlike KOLD, this one has weekly options.
Sold BOIL Feb 24 2023 4.5 Puts at $0.32
#OnlySpreads
SPX
This morning, STO 3970/3990/4095/4115 IC for $1.30
SPX,
Since the FED minutes come out tomorrow at 2:00 tomorrow I will not put on an iron condor today.
VXX Long term puts
Bought 1 VXX Jan 17 2025 5.0 Put at $0.85
Bought 5 VXX Jan 19 2024 5.0 Puts at $0.17
#VXXContango
XBI
STO XBI Apr21’23 75 PUT @1.50
UVXY VXX SPY
Sold 1 VXX Feb 24 2023 13.0 Call at $0.26
Sold 1 VXX Feb 24 2023 12.5 Call at $0.44
Sold 1 UVXY Mar 03 2023 6.0 Call at $0.32
Sold 1 SPY Feb 23 2023 395.0 Put at $0.87
#OnlySpreads
SPY
STO SPY Mar10’23 380 PUT @1.65
SPY SOXL QYLD
sto SPY 22 FEB 2023 400 PUT @2.02
come on MS. market
—
sto SOXL 24 FEB 2023 13 PUT @.16
sto SOXL 24 FEB 2023 13.5 PUT @.25
——–
BOT QYLD @16.43
divs
SPY,
Rolled Feb 24, 400 put to April 21, 381 put for a credit of 3.25
On the Open
Sold BOIL Feb 24 2023 5.0 Diagonal Puts at $0.51 and $0.55
Sold 1 SPY Feb 21 2023 403.0 Diagonal Put at $1.29 – Expires today
Sold 1 SPY Feb 22 2023 400.0 Put at $1.06
Sold 1 SOXL Feb 24 2023 13.0 Diagonal Put at $0.14
Sold 1 SOXL Feb 24 2023 13.5 Diagonal Put at $0.23
Sold UVXY Feb 24 2023 6.0 Diagonal Calls at $0.11 and $0.13
Sold UVXY Feb 24 2023 6.0 Covered Calls at $0.13
Sold UVXY Mar 03 2023 6.0 Diagonal Calls at $0.26 – not for this week
Sold UVXY Feb 24 2023 6.5 Covered Calls at $0.07
Sold VXX Feb 24 2023 13.0 Diagonal Calls at $0.17 and $0.19
Sold VXX Feb 24 2023 13.0 Covered Calls at $0.17
Sold VXX Mar 03 2023 13.0 Diagonal Calls at $0.38 and $0.41- not for this week
Sold to close VXX Feb 24 2023 14.0 Calls at $0.08
#CoveredCalls #OnlySpreads
IIPR,
I was assigned at the 95 strike but my cost will be around 89.00 and I wrote a covered call for the 95 strike at 1.35 for March 17
PLL Called Away
#assignment
$PLL 65 call Stock closed at 64.58 but jumped over $2 after hours and the stock was taken away. Unusual but true
Commission on SPX
I am curious what are you paying per contract for SPX options with your broker?
Interactive Brokers is charging $1.55 and $1.64 per contract, depending on the premium amount.
Any Of The Bistroites Do This?
The 50 Cent CBOE Volatility Index (“VIX”) trader has returned with a big bet.
This trader – whoever they are – is known for buying call options on the VIX for around $0.50 per contract. (Remember, when someone buys a call option, they profit if the underlying asset rises in value.) They bet that volatility will rise, which often coincides with stocks falling.
And earlier this week, we got clues that 50 Cent may be back…
The first sign was the purchase of 100,000 call contracts on the VIX for $0.50 each. Then, a day later, another 50,000 contracts went through at $0.51. That was the confirmation we needed that this trader is active again.
And want to know the total value of these trades? About $7.6 million. That’s huge!
But we can learn even more by considering the specifics of this trade…
The options purchased have a $50 strike price and expire in May. Right now, the VIX is hovering around 19. That means the 50 Cent trader expects volatility to more than double by May. This trade could be very profitable even if volatility were to quickly jump to 25 or 30.
SPX 1-dte
Expired: $SPX Feb 17th 3965/3985-4165/4185 condors , sold yesterday for 1.30.
Best week of the year so far: 4 trades, +5.50.
No trade for Tuesday due to my work schedule. Have a great 3-day weekend y’all.
Expiration / Called Away
#optionsexpiration
$AMZN 108 call
$AMZN 103 call
$SI 19 call
$SHOP 56 call
$OKTA 67 put
$KR 43.5 put
#assignment
$MO 47 call
$PFE 43 call
SPX 1 DTE
#spx1dte
$SPX STO 2/21 PM 4000/3980 – 4150/4170 at $1.15
Today’s trade STO 3950/3970 – 4170/4190 PM will expire STO at $1.00
U Put / CVX Close Put / PLL Put Roll / SHOP Put Roll
#shortputs
$U STO 2/24/2023 34 put at 1.13
$CVX BTC 2/17 31 put at .05. STO at .25
$PLL BTC 2/17 65 put and STO 3/17 65 put at added credit of $3.60. Stock down today due to expectation of Lithium demand in China.
$SHOP BTC 2/17 47.5 put and STO 2/24 47 put at even.
AMAT
STO 17 Mar 105P for 1.40
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
