#BearCallSpreads – Massive expiration at the 4895 level for put sales. Throwing this above it for Mr. Market to take a look at.
Sold SPX Jan 26 2024 4915/4920 Bear Call Spreads @ 1.05
Tag Archives: BearCallSpreads
SPX Jan 25th
#BearCallSpreads – Small position. Slightly offset by 4895 short puts for tomorrow.
Sold Jan 25 2024 4905/4910 Bear Call Spreads @ 1.10
SPX
#BearCallSpreads – Taking a shot up at the even number for Monday. Starting small so might add on bounces. Hoping to leg into the BuPS at some point also.
Sold SPX Nov 27 2023 4600/4605 Bear Call Spreads @ .75
NOC
#BearCallSpreads – Taking 60 percent in a day.
Bought to Close NOC Oct 13 2023 485/490 Bear Call Spread @ .40 (sold for 1.00)
NOC
#BearCallSpreads – Taking a shot with a Whiz trade. Just one spread messing around. He went with 480/485 @ 1.30. I bumped it up a strike.
Sold NOC Oct 13 2023 485/490 Bear Call Spread @ 1.00
NVDA BECS / CROX Call
#bearcallspreads
$NVDA STO 6/2 405/400 BECS at $2.05
#coveredcalls
$CROX STO 6/2 117 call at $1.00
#SPX #bearcallspreads Playing this rally…
Playing this rally as a DCB:
STO SPX August 26th 2022 4125/4150 BECS @ 10.50
#bearcallspreads QQQ STO 22 JUL…
#bearcallspreads
QQQ
STO 22 JUL 2022 303/305 CALL @.39
LABU
#BearCallSpreads #JadeLizards – Turning some short puts into Jade Lizards.
Sold LABU DEC 17 2021 50.0/55.0 Bear Call Spreads @ 2.25
NVDA
#BearCallSpreads – Gotta take it a couple weeks early on this move.
Bought to Close NVDA FEB 5 2021 485.0/405.0 Bull Put Spread @ 1.05 (sold for 5.10)
SPX
The BECS Thesis:
SPX is rarely above 15% above its 50-Week MA, and when it is, it doesn’t stay there for very long. Currently, it is 15.9% above that MA and has been as high as 16.7% above it at the recent ATH. The rubber band is pretty stretched, and should pull back at some point, even if it’s done by trading sideways while the MA catches up.
With SPX’s 50-Week MA having risen 43 points over the last month, I am projecting that that MA will be approximately 3261 in 4 weeks (it is 3218 now). Multiplying 3261 by 1.15 equals 3750. Padding that by a little for mom and the kids gets me up to 3800 for the short strike of a BECS.
The Trade:
#bearcallspreads
SPX Jan 29th (29 days)
STO 3800 / 3850 BECS for 18.25 (1 contract)
Capital Allocated: $5000
Potential Max Profit: $1825
ROC: 36.5%
Planned max loss: $1000
ROR: 182.5%
The Plan:
Upside breakeven is at about 3820 on the SPX, and my loss at that point (based on T-0) will be about $1000. If SPX reaches that point, I will roll up and double, based on my bearish thesis above.
KODK
#putratiospread
#brokenwingbutterfly
#bearcallspreads
Sep 18 Sold 30/25 put ratio spread for 5.65 (5×10)
Bot BWB 15/10/7.5 for 1.25 qty 5
Trying to execute a ratio bear call spread at 60/65 for .70 qty 4
No upside risk, breakeven w/ the call spread is $10.00
SPCE Earnings
#BearCallSpreads #Earnings – Sold these ITM and got a nice move. I’ll take it here and not be greedy…even though it’s coming out of a nice squeeze.
Bought to Close SPCE MAY 8 2020 19.0/16.0 Bull Put Spreads @ .60 (sold for 1.80)
UVXY
#BearCallSpreads – One last fill to get to a full position. Highest premium received so far.
Sold UVXY JAN 15 2021 45.0/55.0 Bear Call Spread @ 3.31
UVXY
#BearCallSpreads – Weird. No fill on this yesterday but with UVXY down today it fills…
Sold UVXY JAN 17 2021 45.0/55.0 Bear Call Spread @ 2.30
UVXY
#BearCallSpreads – First time in these strikes.
Sold UVXY JAN 17 2021 45.0/55.0 Bear Call Spreads @ 2.01
UVXY
#BearCallSpreads – Added in my little tastyworks account…
Sold UVXY JAN 17 2021 20.0/30.0 Bear Call Spreads @ 2.50
UVXY
#BearCallSpreads – Adding…
Sold UVXY JAN 15 2021 30.0/40.0 Bear Call Spreads @ 1.85
UVXY
#BearCallSpreads – New position in these strikes…
Sold UVXY JAN 17 2021 30.0/40.0 Bear Call Spreads @ 1.54
UVXY
#BearCallSpreads – In a little tastyworks account I rarely look at. Set it and forget it until UVXY gets back near lifetime lows.
Sold UVXY JAN 17 2021 20.0/30.0 Bear Call Spreads @ 2.40
UVXY
#BearCallSpreads – Forgot I had these in. Filled at the open.
Sold UVXY APR 17 2020 20.0/30.0 Bear Call Spreads @ 2.04 average
DRIP
#ShortCalls #BearCallSpreads – Only have one contract but it’s really annoying so rolling to ITM with defined risk.
Rolled 1 DRIP JUN 19 2020 160.0 Call to 2 DRIP SEP 18 2020 100.0/150.0 Bear Call Spreads @ 3.75 credit
UVXY
#BearCallSpreads – A little nearer term. Staying small in case a roll is needed…
Sold UVXY APR 15 2020 20.0/30.0 Bear Call Spreads @ 1.80
UVXY
#BearCallSpreads – First time in this expiration…
Sold UVXY SEP 20 2020 20.0/30.0 Bear Call Spreads @ 1.40
UVXY
#BearCallSpreads – New sales at higher strikes…
Sold UVXY JAN 19 2021 25.0/35.0 Bear Call Spreads @ 1.11
UVXY
#BearCallSpreads – New position in a different account…
Sold UVXY JUN 19 2020 20.0/30.0 Bear Call Spreads @ 1.16
UVXY
#BearCallSpreads – Adding a little and closed the rest of another one.
Sold UVXY JUN 19 2020 15.0/25.0 Bear Call Spreads @ 1.80
Sold UVXY JUN 19 2020 20.0/30.0 Bear Call Spreads @ 1.12
Taking a little more of the nearer term off…
Bought to Close UVXY MAR 20 2020 20.0/30.0 Bear Call Spreads @ .75 (sold for 1.17)
DRIP
#BearCallSpreads #ShortCalls – Changing up my strateegery in this one to be more of a scalping play similar to others here on the forum. Swapping more call spreads for less (and higher) naked calls.
Bought to Close DRIP MAR 20 2020 140.0/160.0 Bear Call Spreads @ 2.48 (sold for 2.25)
Rolling that small loss into this one:
Sold DRIP JUN 19 2020 160.0 Call @ 10.40
UVXY
#BearCallSpreads – Adding to previous sales at slightly higher premiums…
Sold UVXY JUN 19 2020 15.0/25.0 Bear Call Spreads @ 1.40
UVXY
#BearCallSpreads – Setting up my call spreads to finance the next put roll. Puts are at 19 and 21 so selling 15/25 spreads around them to go with the existing 20/30s.
Sold UVXY JUN 19 2020 15.0/25.0 Bear Call Spreads @ 1.25
UVXY
#ShortPuts #BearCallSpreads – Still have some annoying ITM short puts so using the little spike to get a slightly better roll price. Financed with call spreads I had them bracketed with. As long as UVXY hangs between 10-15 I’ll be able to continue rolling. When the next reverse split is announced I’ll roll them as far out and down as I can and then continue selling against them.
Rolled UVXY MAR 20 2020 21.0 Puts to JUN 19 2020 19.0 Puts @ .47 debit
Rolled UVXY MAR 20 2020 23.0 Puts to JUN 19 2020 21.0 Puts @ .65 debit
Completely paid for by closing half this position. I’ll hold the other half for my time and trouble…LOL
Bought to Close UVXY MAR 20 2020 20.0/30.0 Bear Call Spreads @ .26 (sold for 1.17)
KOLD
#BearCallSpreads – Got aggressive to get out of this one this morning. Glad I did….it’s been underwater from almost the minute I sold it.
Bought to Close KOLD FEB 21 2020 45.0 Call @ 1.70 (sold 45/53 @ 1.77)
SMH
BTC…SMH 21 FEB 152/155 BECS @.10….STO 1/3 @.51
UVXY
#BearCallSpreads – First one in June…
Sold UVXY JUN 19 2020 20.0/30.0 Bear Call Spreads @ 1.02
DRIP
#BearCallSpreads – Added one…
Sold DRIP MAR 20 2020 140.0/180.0 Bear Call Spread @ 2.75
DRIP
#BearCallSpreads – Added one…
Sold DRIP MAR 20 2020 140.0/180.0 Bear Call Spread @ 2.35
UVXY
#BearCallSpreads – Taking some risk off with pretty good profits. Still short a few at lower strikes in Feb and a sizable position in March.
Bought to Close UVXY FEB 21 2020 18.0/30.0 Bear Call Spreads @ .44 (sold for .86)
Bought to Close UVXY FEB 21 2020 20.0/30.0 Bear Call Spreads @ .28 (sold for .80)
DRIP
#BearCallSpreads – Thanks @Jeff ! Starter position looking to add for about 2.00…
Sold DRIP MAR 20 2020 140.0/180.0 Bear Call Spread @ 1.60
UVXY
#BearCallSpreads – Adding a couple…
Sold UVXY MAR 20 2020 15.0/30.0 Bear Call Spreads @ .95
UVXY
#BearCallSpreads – Nicely profitable stops set on all Feb positions so adding a little in March. Still short some puts and long VIX so would welcome these taking some heat.
Sold UVXY MAR 20 2020 15.0/30.0 Bear Call Spreads @ .70
UVXY
#BearCallSpreads – Adding a couple more…
Sold UVXY FEB 21 2020 13.0/30.0 Bear Call Spreads @ .72
UVXY
#BearCallSpreads – If today didn’t generate a sustainable spike in volatility maybe this will…
Sold UVXY FEB 21 2020 17.0/30.0 Bear Call Spreads @ .80
KOLD
#BearCallSpreads – Nat gas approaching multi year lows so taking a slightly long starter position for the winter.
Sold KOLD FEB 21 2020 45.0/53.0 Bear Call Spread @ 1.77
UVXY
#BearCallSpreads – Adding just a little out to Feb…
Sold UVXY FEB 21 2020 18.0/30.0 Bear Call Spreads @ .86
UVXY
#BearCallSpreads – Taking a few more off. Looking to add to the Feb positions now if we ever get another volatility spike.
Bought to Close UVXY JAN 17 2020 24.0/34.0 Bear Call Spreads @ .13 (sold for .90)
Bought to Close UVXY JAN 17 2020 25.0/35.0 Bear Call Spreads @ .11 (sold for 1.21)
UVXY
#BearCallSpreads – I’ve got enough in Jan so heading out to Feb for a starter position…
Sold UVXY FEB 21 2020 20.0/30.0 Bear Call Spreads @ .80
DRIP
#BearCallSpreads – Sold off hard to support. Book ’em and wait for the next rally…
Bought to Close DRIP JAN 17 2020 120.0/130.0 Bear Call Spreads @ .41 (sold for 1.45)
UVXY
#ShortCalls #BearCallSpreads – Stopped out of a few for profits. Looking to add a little higher now…
Bought to Close UVXY DEC 13 2019 20.0 Calls @ .46 (sold for .72)
Bought to Close UVXY DEC 20 2019 25.0/35.0 Bear Call Spreads @ .24 (sold for .86)
UVXY
#ShortPuts #ShortCalls #BearCallSpreads – Making some adjustments. Rolling short puts out and down and selling hard against them. If we get close to another reverse split I’ll roll ’em out to 2022 and sell against them for a couple years.
Shorter term:
Bought to Close UVXY NOV 29 2019 20.0 Calls @ .02 (sold for .70)
Sold UVXY DEC 13 2019 17.0 Calls @ .67
Longer term:
Rolled UVXY DEC 20 2019 25.0 Puts to MAR 20 2020 23.0 Puts @ .11 debit
Rolled UVXY DEC 20 2019 23.0 Puts to MAR 20 2020 21.0 Puts @ .12 credit
Sold UVXY MAR 20 2020 20.0/30.0 Bear Call Spreads @ 1.17 to finance the next big roll if needed.
DRIP
#BearCallSpreads – Adding one more…
Sold DRIP JAN 17 2020 120.0/130.0 Bear Call Spread @ 1.60
DRIP
#BearCallSpreads – Adding to previous sale…
Sold DRIP JAN 17 2020 120.0/130.0 Bear Call Spreads @ 1.40
DRIP
#BearCallSpreads – Easing back into this one with a small starter…
Sold DRIP JAN 17 2020 120.0/130.0 Bear Call Spreads @ 1.20
UVXY
#ShortCalls #BearCallSpreads – Taking advantage of the massive volatility pop this morning….
Sold UVXY NOV 29 2019 20.0 Calls @ .70
Sold UVXY JAN 17 2020 24.0/34.0 Bear Call Spreads @ .90
DRIP
#BearCallSpreads – Never took any heat on this one. Ready for another oil implosion now…
Bought to Close DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ .42 (sold for 1.50 average)
ULTA UVXY
#CoveredCalls #BearCallSpreads – Just a couple this morning so far…
ULTA: See if we can turn this one around. This week’s safe so adding another.
Sold ULTA NOV 15 2019 242.5 Call @ 2.55
UVXY: Adding a few. First positions in Jan in this account.
Sold UVXY DEC 20 2019 25.0/35.0 Bear Call Spreads @ .86
Sold UVXY JAN 17 2020 25.0/35.0 Bear Call Spreads @ 1.21
UVXY
#BearCallSpreads – All my call spreads are green with stops set for profits so adding a few more a little lower. Let’s see if ‘ol JP can say something to give me a chance to add. Selling against short puts so hoping these take a little heat…
Sold UVXY DEC 20 2019 25.0/35.0 Bear Call Spreads @ .88
Based on the TOS analyze tab 33.50 is where I would start going a little negative delta on my overall position so still a little room to add to the short call side…
UVXY
#BearCallSpreads – Completely out of Nov call spreads now. Will be looking to add to Dec and start Jan on next spike…
Bought to Close UVXY NOV 15 2019 37.0/47.0 Bear Call Spreads @ .15 (sold for 1.60 average)
Bought to Close UVXY NOV 15 2019 35.0/45.0 Bear Call Spreads @ .18 (sold for 1.30 average)
DRIP
#BearCallSpreads – OK…I’m really done now. Full position.
Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ 1.50
DRIP
#BearCallSpreads – Can’t resist…adding one.
Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spread @ 1.60
UVXY WYNN
#BearCallSpreads #CoveredCalls – A couple late fills while I was out…
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spread @ 1.30
Bought to Close WYNN OCT 11 2019 110.0 Calls @ .10 (sold for 2.05)
UVXY
#BearCallSpreads – Adding one…
Sold UVXY NOV 15 2019 35.0/45.0 Bear Call Spread @ 1.35
DRIP
#BearCallSpreads – Adding again even though I couldn’t quite get the premium of the starter position. Pretty much a full position now before oil prices spike again on the next Saudi attack.
Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ 1.50
DRIP
#BearCallSpreads – Thanks @Ramie !
Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ 1.55
UVXY
#BearCallSpreads – Adding here…
Sold UVXY NOV 15 2019 37.0/47.0 Bear Call Spread @ 1.40
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spread @ 1.35
UVXY
#BearCallSpreads – Adding one…
Sold UVXY NOV 15 2019 35.0/45.0 Bear Call Spread @ 1.27
UVXY
#BearCallSpreads – Starter positions…
Sold UVXY NOV 15 2019 35.0/45.0 Bear Call Spread @ 1.25
Sold UVXY NOV 15 2019 37.0/47.0 Bear Call Spreads @ 1.15
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spreads @ 1.08 and 1.09
Following @Iceman with the shorter term put sales against the call spreads…
Sold UVXY OCT 4 2019 25.0 Puts @ .52
UVXY
#BearCallSpreads #ContangoETFs – C’mon Mr. Market give us a chance to re-load. Never got a chance to add much to these.
Bought to Close UVXY OCT 18 2019 50.0/60.0 Bear Call Spreads @ .10 (sold for 1.25)
DRIP
#BearCallSpreads #ContangoETFs – Had one naked call that got in trouble and wasn’t liking it very much. I rolled it out to 2021 70/80 bear call spreads figuring I’d hide there until things calmed down. Made it a 10 lot to make it worthwhile since the trade was practically a sure thing. Booking it today and will wait for DRIP to rebound when the Saudi oil gets back online.
Bought to Close DRIP JAN 15 2021 70.0/80.0 Bear Call Spreads @ 1.40 (sold for 1.60)
TSLA
STO Sept-20-2019 220/230 #BuPS @0.74.
Rolled Sept-20-2019 250/260 #bearcallspreads to Oct-19-2019 255/265 @0.28 Credit. Stock around 252.50
UVXY
#BearCallSpreads – Bought to Close UVXY SEP 20 2019 45.0/55.0 Bear Call Spreads @ .06 (sold for .93 average)
UVXY
#BearCallSpreads – Adding one…
Sold UVXY OCT 18 2019 50.0/60.0 Bear Call Spread @ 1.25
UVXY
#ContangoETFs #BearCallSpreads – Adding one and starting a new batch…
Sold UVXY SEP 20 2019 45.0/55.0 Bear Call Spread @ 1.26
Sold UVXY OCT 18 2019 50.0/60.0 Bear Call Spread @ 1.23
DRIP
#BearCallSpreads – After seeing a crude oil chart yesterday with Carter Worth talking about the potential downside in oil I’m moving my naked call into bear call spreads. Going out in time and increasing size to make it worthwhile. I believe DRIP will be below 70 by 2021. Recently I’ve been trying to really cap my losses to the upside and this helps with that.
Rolled DRIP DEC 20 2019 115.0 Call to JAN 15 2021 70.0/80.0 Bear Call Spreads
Total credit in the spreads is now 1.60 per spread. I look at this as being similar to long term UVXY positions I’ve had in the past on huge spikes…
UVXY
#BearCallSpreads – Sold UVXY SEP 20 2019 45.0/55.0 Bear Call Spreads @ .83
BYND
#BearCallSpreads – I’ve gotta take a shot at this thing. Going defined risk out to Nov and slightly in the money. Possibly leg into an iron condor on a pullback.
Sold 2 BYND NOV 15 2019 200.0/205.0 Bear Call Spreads @ 2.50
Options Bistro 