SPX 1-dte stopped

#SPX1dte Tagged my stop level on the opening dip so I’m out with small loss.
BTC $SPX May 20th 2815/2795 put spreads for 1.05. Condors sold for .85 on Friday.

Also, stopped May 31st 2840/2815 put spreads for 8.70. #CondorRoll sold for 6.65 on Thursday.

SPX 1-dte

#SPX1dte Stopped out $SPX March 16th 2895/2905 call spreads for 3.05. Condors sold yesterday for 1.20.

Another #CondorRoll, same strikes as I sold earlier for May 31st, but this time a week earlier:

Sold $SPX 2815/2840-2960/2985 condors for 4.55.

SPX smashed

#SPX1dte The biggest up days in history are all during times of market volatility. On a percentage basis, the Fall of 2008 contains five of the top 10 biggest moves UP; a period in which the market was only starting its fall to lose over half its value.

So it is fitting a call spread I could have closed at yesterday’s open for about .45 I now had to stop out for 8.00. Today’s action has provided no pullback opportunities, although I imagine there’ll be one now that I was finally forced out.

BTC $SPX May 17th 2890/2915 call spreads for 8.00. Sold for 2.10 on Monday.

#CondorRoll Sold $SPX May 31st 2815/2840/2960/2985 condors for 6.65

I’m also going to take a loss on today’s monthly condor call side. I cannot risk overnight gap risk on the 2895 short calls.

SPX ITM puts closed

#SPX1dte I got punched around pretty bad in March with a couple of 1-dte breaches and failed attempts at rolling. This reverse roll was the worst; had I left the call spread it would have ben fine. Thank God for strong months like February to eclipse small losing months like March.

BTC $SPX March 29th 2820/2800 put spreads for 8.50. Sold for 4.80 on March 19th as a #ReverseRoll.

#condorroll

SPX 1-dte

#SPX1dte Sold $SPX March 13th 2740/2760-2825/2845 condors for .80 (IV: 10.46%, SPX: 2792)

#condorroll

SPX 1-dte slammed

#SPX1dte The is the kind of hit this strategy cannot suffer often. Bought to close $SPX March 11th 2770 calls for 6.10. I was working to close for the last 20 minutes but could not get a pullback. I will make a few cents back sell the long 2790’s, but only .20-.30 cents (first ones just filled for .20).

I’m going to maintain a view of weakness and sell an aggressive call spread to work on the roll.

I set my sights to close after we breached 2760. Wasn’t too concerned until by shorts hit 3.00. Then, the rally would not relent. This was the Monday I was looking for last week, when I was LONG calls. I almost made the same trade on Friday but decided to go short. Then, the rally into the close set me up for this painful Monday.

#condorroll

SPX 1-dte

#SPX1dte My third attempt at a long condor is the first losing one. Looks like the Feb 4th one will expire worthless. We’ll see how things play out through tomorrow if an Upside Warning hits, and proceed accordingly for the Feb 6th expiry.

I also backed out of this roll trade with a profit, as it could get steamrolled on the call side. I’ll look to sell a put spread to replace it.

BTC $SPX Feb 14th (monthly) 2600/2620/2760/2780 #CondorRoll for 3.95. Sold for 6.05 last Wednesday.

SPX 1-dte trades

#SPX1dte Sold $SPX Jan 31st 2615/2635-2735/2755 iron condors for 1.00. (IV 16%)

I hated doing this because I feel the rally today is a headfake, but I cannot fight the tape any higher than this.

Bought to close $SPX Feb 14th 2730/2750 call spreads for 5.75. Sold in a #CondorRoll on Jan 4th.
#CondorRoll Sold to Open Feb 14th 2600/2620/2760/2780 condors for 6.05.

Options Expiration 7/20/18

#OptionsExpiration #Earnings #ContangoETFs
— Expiring w/max profit —
$COF 93.5 puts, sold yesterday for 1.40
$GUSH 48 call, sold for 1.05 last month
$ISRG 520/525 call spread, sold yesterday for 2.75 (wish I’d waited on both!)
$NFLX 475 call, sold Monday for 1.00
$SNA 145 puts, sold Wednesday

— Assignments —
$MU 54 and 54.5 #CoveredCalls #PieTrades Originally assigned via 55 puts, after a few weeks of call sales, exiting with cost basis around 51.
$SNA 170 calls, going short the stock. No weekly options on this so I think it will be quicker to get out on a dip next week.

#condorroll, #spxcampaign

SPX roll

#SPXcampaign Can’t shake these SPX spreads before I leave. Doubling size and rolling to the same expiration on this one:

Stopped $SPX July 27th 2825/2850 call spreads for 6.50
Sold July 27th 2750/2775/2860/2885 #CondorRoll for 3.40, double position size.

SPX trades

#SPXcampaign Closed $SPX July 20th 2685/2660 put spreads for .25. Sold in a #CondorRoll last week. The call side was stopped earlier this week. Rolled half of that into a put spread on Tuesday, and now the second half into this:

#Rolling. Sold $SPX July 25th 2830/2855 call spreads for 4.35.

So I’m presuming we will stall or pullback from here. We’ll see if I’m wrong next week!

SPX roll

#SPXcampaign Monday I closed $SPX July 20th 2810/2835 call spreads for 4.20, which was the call side of a #CondorRoll from the week before. Much of the reason I have mostly paused selling spreads is that the call side has never been more difficult to manage that it has this year.

Today I rolled half of it into puts: Sold SPX July 25th 2750/2725 put spreads for 4.50.

SPX calls stopped

#SPXcampaign Stopped $SPX July 13th 2765/2790 call spreads for 8.55. Sold Monday for 3.65.
Since I have a total of one other position in SPX, I have the margin to roll this not a double sized spread. I’m looking at a July 20th condor for 4.30 or more.

#condorroll

CELG saga continues…

#LongCalls #CondorRoll – Of course I was a day early on my CELG sale for next week…LOL. Stock has started out strong today and looks to finally be heading back up (for now). I’ve been lucky so far selling just above this base but figured it would pop out eventually. For safety, I’m rolling the short call spread out a couple weeks to a skewed narrower iron condor. Playing it slightly bullish. I’m now in the expiration month of my long calls so we’ll wait and see where this ends.

To mange it I can roll the untested side (short only probably) for extra premium.

Bought to Close CELG JUL 6 2018 79.5/84.0 Bear Call Spreads @ .94

Sold CELG JUL 20 2018 74.0/77.0/83.0/86.0 Iron Condors @ 1.03

Originally sold the BeCS @ .37 so with the roll credit the condor is worth .46

SPX trades

#SPXcampaign
Closed on GTC order: $SPX June 15th 2720/2695 put spreads for .25. Sold in a #CondorRoll for 6.70 on June 5th… call side was previously stopped.

Sold $SPX July 13th 2685/2660 put spreads for 1.60.

SPX trades

#SPXcampaign As I posted on Friday I am scaling back on this strategy, at least until I can clear the decks and regroup.

I’ve decided to sell half my normal amounts for the time being. I will however, add extra longs when we get an Upside Warning.

Today my stop levels were breached on my remaining call spreads… although I did add a new one this morning. Last week I stopped several calls and added a couple ATM put spreads, which are helping recoup a chunk of change.

Sold $SPX July 13th 2870/2895 call spreads for 1.65
Closed on GTC order: $SPX June 15th 2700/2675 put spreads for .40. Sold for 5.25 on May 24th.

Looking to close call spreads on any pullback, will post below.

#condorroll, #vixindicator

SPX stop and roll

#SPXcampaign Today’s high was, of course, just above my ATM stop level for this one.

Stopped: $SPX June 8th 2750/2775 call spreads for 8.55. Sold last week for 3.25.
#CondorRoll: Sold $SPX June 15th 2695/2720/2785/2810 condors for 6.70, 1.33x position size.

SPX trades

#SPXcampaign Sold to Open $SPX June 29th 2610/2585 put spreads for 1.55.

Stopped SPX June 15th 2735/2760 call spreads for 11.45. Sold as a #ReverseRoll for 4.40 on Tuesday.
Looking to roll into a condor.

#condorroll

SPX trades

#SPXcampaign These two also got stopped yesterday, orders filling on the end of the day bounce. The May 31st one kinda sucked, since it is much cheaper this morning, but it was too close to expiration to risk a further drop. I am mapping out rolls for everything today… some in calls, some in puts, some in condors.

Stopped: $SPX May 31st 2675/2650 put spreads for 6.50. Sold in a #CondorRoll for 6.70.
Stopped: $SPX Jun 14th 2610/2585 put spreads for 2.90. Sold for 1.65 on May 14th.

SPX calls closed

#SPXcampaign. Closed on GTC order: $SPX June 1st 2750/2775 call spreads for .40. Sold in a #CondorRoll for 8.00 on May 15th.

SPX trades

#SPXcampaign
Stopped: $SPX May 31st 2750/2775 call spreads for 7.20. Sold in a #CondorRoll last week for 6.70. Will roll later.

BOUGHT to Open $SPX June 2825/2850 call spreads for 1.15.

(Yesterday) closed on GTC order: June 8th 2510/2485 put spreads for .20. Sold for 1.65 on May 8th.

Have not yet sold the standard weekly spreads (for June 22nd). Missed fills at the highs.

Final trades and Options Expiration, 5/18/18

#SPXcampaign
Sold $SPX June 14th 2795/2820 call spreads for 1.75
Sold $SPX May 31st 2650/2675/2750/2775 #CondorRoll for 6.70
#OptionsExpiration Expiring at full loss: Long 2770/2790 call spreads, bought for 1.29… Made a couple of profitable rounds with this spread but the remaining ones fizzled out.

#IronButterfly Sold to close $AMZN 1575/1600/1625 butterfly for .84. Bought for 2.95 on May 3rd.

#Earnings Closed remaining $A 65 puts for .75. Avg closing price: 1.10. Strangles (65/75) sold for .77 on Monday.
Closed $OLED May 18th 100 put for 5.70. Sold for 3.50 last week. In the hole on the rolls here… need to assess next week.

#VXXGame BTC $UVXY Jan 2019 70 call for .45. Sold for 6.50, avg price.
Expiring are long calls used as hedges, UVXY 40 calls (bought for .45) and 44 calls (bought for .21).
Expiring at full loss: a bunch of $VXX 30 puts, bought for the avg price of .12

#Assignment $AMAT 54.5 put, taking stock, will sell call next week. #PieTrades

SPX trades

##SPXcampaign Sold a couple before and after the closing bell.

Sold $SPX June 1st 2625/2650/2750/2775 #CondorRoll for 8.00.

Sold $SPX June 14th 2810/2835 call spreads for 1.60.

SPX puts closed

#spxcampaign
Yesterday: Closed $SPX May 31st 2570/2545 put spreads for .35. Sold for 2.85 on May 4th.
This morning, pre-market: Closed SPX June 1st 2610/2585 put spreads for 1.30. Sold in a #CondorRoll last Wednesday, for 2.45 for the put side. I closed this to lighten the load if we get crushed today, and to give myself a nice chunk of buying power back.

SPX calls stopped

#SPXcampaign Stopped $SPX June 1st 2775/2800 for 4.50. Sold in a #CondorRoll for 4.90 on Wednesday.

Other than the June 8th calls I sold this morning, all my previous call spreads have hit their stop levels and are closed. I have reverse-rolled some, but need to do more. I’d prefer the VIX to be lower before going to heavy to the long side.

SPX trades

#SPXcampaign
Stopped: $SPX May 18th 2725/2750 call spreads for 7.85. Sold for 3.65 as a roll on Monday.
Stopped: $SPX May 31st 2765/2790 call spreads for 4.85. Sold for 1.60 last Friday

#ReverseRoll: Sold June 1st 2675/2650 put spreads for 4.40.

Closed June 1st 2435/2410 put spreads for .20. Sold in a #CondorRoll for 2.90 on last Thursday.

That leaves only one short call spread that is almost at its stop level.

SPX calls stopped & rolled

#SPXcampaign First spread stopped on the highest day in $SPX since April 19th. Last time we topped at 2717. Will we break through this time? I’m using a #CondorRoll because VIX is still in Downside Warning. If we push higher than 2702, more spreads will be stopped, and I may reverse roll some.

Stopped SPX May 25th 2745/2770 call spreads for 4.35. Sold in a roll for 1.75 on May 4th.
Rolled to: SPX June 1st 2585/2610/2775/2800 condors for 4.70.

SPX trades

#SPXcampaign Stopped: $SPX June 1st 2740/2765 call spreads for 3.90. Sold Thursday in a #CondorRoll for 2.90. No decision on how to roll yet.

Closed on GTC order: May 18th 2465/2440 put spreads for .20.

Sold $SPX May 18th 2725/2750 call spreads for 3.65, as other half of the #CondorRoll I started earlier.

SPX trades

#SPXcampaign Certainly is a difficult market for these trades as traditional stops can be hit quite often, and often on the lows. The whipsaw hit me today, but I choose to stick to my rules as the pain of going deeply underwater if the drop gets serious is much worse than the irritation of having to roll after getting stopped out on the lows.

Stopped: $SPX May 25th 2500/2475 put spreads for 3.25. Sold for 1.60 last Friday. This is the second time around on this spread… a true example of “whipsaw.” I tried to roll further down but missed my fill. Now holding off until we get a better place to sell the roll.

Stopped: $SPX June 1st 2490/2465 put spreads for 2.80. Sold for 1.75 on Monday.
#CondorRoll: Sold June 1st 2410/2435/2740/2765 condors for 2.90.

All that said, I have allowed the May 17th 2540/2515 put spread to significantly breach my stops TWICE; once last week and again today, without touching it. The vast majority of “stops” I’ve executed since early Feb have been on spreads that would have ended up expiring OTM, so I’m allowing some leeway.

SPX calls closed

#SPXcampaign Closed on GTC order: $SPX May 17th 2775/2800 call spreads for .20. Sold for 1.55 on April 20th.

#condorroll

SPX calls sold

#SPXcampaign Sold $SPX June 1st 2760/2785 call spreads for 1.75.

Closed on GTC order: May 4th 2575/2550 put spreads for .30. Sold in a #CondorRoll for 7.15 on April 12th.

SPX condor roll

#SPXcampaign Sold to Open $SPX May 11th 2500/2525/2750/2775 condors for 3.10, as a #CondorRoll from put spread stopped yesterday.

SPX puts stopped

#SPXcampaign Closed $SPX May 25th 2500/2475 put spreads for 2.90. Sold yesterday for 1.70. I’ll look to roll later today. This started the day going over the 3.00 stop level, so got out on the bounce. I also am not going to let my 10-dollar spread go negative. If the bleeding doesn’t stop soon I will be out.

Also, closed on GTC orders:
May 4th 2750/2775 call spreads for .30. Sold in a #CondorRoll for 7.15 on Apr 12th.
May 17th 2810/2835 call spreads for .20. Sold for 1.50 on Apr 16th.

SPX stop and roll

#SPXcampaign Closed $SPX May 17th 2535/2510 put spreads for 3.10. Sold Friday for 1.60.
#CondorRoll Increased position size and sold May 18th 2440/2465/2780/2805 condors for 2.20.

The roll leans bullish, with higher premium on the put side, since we are at the bottom of the consolidation range.

SPX condor sold

#SPXcampaign What do you do when you’re bored? A 3-week, 20-delta condor will work. Last one of these I did worked great, so we’ll try again. VIX finally got down to my 17.76 level, but SPX does not yet look like it wants to rally.

Sold $SPX May 4th 2550/2575/2750/2775 #CondorRoll for 7.15.

Also, just filled,
Sold May 11th 2500/2475 put spreads for 1.85.

SPX calls closed

#SPXcampaign Closed $SPX Apr 20th 2750/2775 call spreads for .45. Sold in a #CondorRoll for 7.05 yesterday (call side sold for 3.23). The put side is taking heat.

SPX trades

#SPXcampaign Still getting pressed on some call spreads so rolling. I’m not selling put spreads at these levels… I expect another dip, perhaps not as low as Monday; but I’m waiting for a pullback or VIX below 18.00 before I’ll start getting bullish. Jobs report is tomorrow and no matter what the results, it may be an excuse to sell. I also will be selling half of my double-sized LONG call spread today at or near a triple.

Stopped: $SPX Apr 13th 2670/2695 call spreads for 11.50. Sold for 3.75 on Tuesday. No roll yet.

#CondorRoll: from calls stopped yesterday. (these are the only puts I’m adding)
Sold Apr 20th 2540/2565/2750/2775 condors of 7.05.

Closed Apr 13th 2720/2745 call spreads for 4.80. Sold for 3.65 on 3/28. No roll yet.

Again, JOBS report tomorrow could be a trigger for panic selling, or panic buying.

SPX calls closed

#SPXcampaign Closed $SPX April 13th 2745/2770 call spreads for .50. Sold in a #CondorRoll for 6.30 on 3/26… the call side was sold for 2.95.

SPX calls sold

#SPXcampaign I was trying to stick to my rule of only selling at extremes. My suspicion was that the peak above positive for the morning was the extreme high for the day. For once, I was correct (so far).

Sold $SPX Apr 13th 2720/2745 call spreads for 3.15. Part of a #CondorRoll from puts stopped yesterday. Will try to sell put side on or near an “extreme” low.

SPX whipsaw

#SPXcampaign I have never been so whipsawed in my trading career. I have been stopped out at extremes too many times to count. I am forced now to take a new approach:

1. Tone down the aggression.
2. Only sell at extremes. How do I define extremes? That’s not always easy, but I would say yesterday’s close and today’s close would qualify.
3. Try some cheap long spreads, purchase at extremes. The amount I’m getting eaten alive with short spreads makes me always wish I’d been long rather than short. Need to try it.

That will have to do until VIX gets back below 17.76 (at least), and not comfortable going back to aggressive strategies until it’s below 12.61.

Today:
Stopped $SPX Apr 27th 2770/2795 call spreads for 3.75. Sold yesterday for 1.60. This was well over 4.00 at the highs, which is my stop point, so at least I waited for some pullback.
#ReverseRoll – plan was to sell a condor as a roll, I was filled on put side, then never filled on call side. And then, I had to stop out. Great illustration of how difficult this strategy is in this market.
Sold Apr 4th 2560/2535 put spreads for 1.95. Stopped later for 5.35.

Stopped Apr 13th 2550/2525 put spreads for 5.95. Sold yesterday in a #CondorRoll for 6.30, when a CALL spread was stopped.

Stopped Apr 27th 2550/2525 put spreads for 2.50. Sold yesterday for 1.75. At least I got out on this one at a bounce.

SPX roll

#SPXcampaign
Stopped: $SPX Apr 6th 2700/2725 call spreads for 6.00. Sold for 3.10 on Friday.
#CondorRoll: Sold Apr 13th 2525/2550/2745/2770 condors for 6.30.

Options Expiration and Final Trades 3/23/18

#SPXcampaign. Cleared out most put spreads for expected lower levels Monday. I only rolled one as I’d like to sell based on Monday’s open.

Stopped $SPX Apr 19th 2540/2515 put spreads for 5.40. Sold for yesterday for 2.85.
#CondorRoll: Sold Apr 6th 2700/2725 call spreads for 3.10, and Apr 6th 2475/2450 put spreads for 2.80.

Stopped Apr 19th 2475/2450 put spreads for 3.10. Sold yesterday for 1.80.

Closed Mar 26th 2680/2705 for .30. Sold this morning for 3.10.

Stopped March 26th 2575/2550 put spreads for 6.05. Sold yesterday for 1.75.

Bought to Open March 29th 2475/2450 LONG put spreads for 2.15. Will take profits with any big gap or move down Monday.

Bought to close March 23rd 2585 puts for .35. Sold in a #Condor Roll on Monday. Thought I didn’t need to worry about this one.

#VXXGame: Sold $UVXY Jan 2019 65 call for 3.75… thanks @optioniceman and @ramie77 for the idea

#Earnings BTC $FDX Mar 23rd 240 puts for 6.50. Sold in a strangle for 1.75 on Tuesday. Missed my chance to close for cheap on Wednesday. #Rolling: Sold Apr 20th 235 puts for 6.75. Also sold a Apr 20th 255 call for 1.15. Will add more calls on strength.

#OptionsExpiration
$SPX 2790/2815 call spreads
$VRTX (formerly covered) 177.5 call

SPX puts rolled

#SPXcampaign Stopped: $SPX Apr 13th 2600/2575 put spreads for 3.05. Sold for 1.60 on Mar 14th.
#CondorRoll Sold March 23rd 2560/2585/2775/2800 iron condors for 2.1166, with 1.5x position size. Expires this Friday (hopefully).

SPX trade

#SPXcampaign Earlier, after we breached 2730, BTC $SPX Mar 21st 2725/2700 put spreads for 6.85, and just now covered the 2790 calls for .15. Sold the #CondorRoll for 8.00 last week.

SPX indecision

#SPXcampaign With a third day of weakness I have no choice but to switch from bullish to neutral/bearish positioning. The VIX action had been pretty anemic until the significant pop in the last 10 minutes.

Closed $SPX March 16th 2765/2740 put spreads for 8.75. Sold Monday for 4.00.
#CondorRoll: Sold March 21st 2700/2725/2790/2815 condors for 8.00.

Sold April 13th 2600/2575 put spreads for 1.60.

SPX trades 2

#SPXcampaign
Sold $SPX March 15th 2750/2775 for 3.50, as a #ReverseRoll from March 23rd puts stopped earlier.
Closed March 2nd 2710/2735 call spreads for 2.80. Sold for 9.20 this morning.
Closed March 16th 2820/2845 call spreads for .65. Sold in a #CondorRoll for 7.85 on Tuesday.

Could be a bounce here, folks.

SPX trades

#SPXcampaign Spent the morning converting the account to be short on $SPX. Took most action before the spike higher, so not ideal entries and exits, but good enough now that were down almost 2%.

In chronological order:

Bought to Open LONG March 9th 2625/2600 put spreads for 2.60.
Sold to Open March 29th 2840/2865 call spreads for 1.60.
Closed March 9th 2800/2775 put spreads for 23.00. Sold ITM for 19.70 last Friday. #ITMroll coming
Sold March 2nd 2710/2735 call spreads for 9.20. #ReverseRoll
Closed March 9th 2725/2700 put spreads for 11.05. Sold for 4.05 on Monday. (rolled to spread above)
Sold March 23rd 2775/2800 call spreads for 5.25
Closed March 29th 2610/2585 put spreads for 3.15. Sold for 1.50 on Monday.
Closed March 16th 2695/2670 put spreads for 7.96. Sold in a #CondorRoll for 7.85 on Tuesday.
Sold March 28th 2525/2500 put spreads for 2.20, 1.5x pos size, #Rolling from Mar 29th puts closed above
Stopped: March 23rd 2530/2505 put spreads for 2.90. Sold for 1.60 on Friday. No roll yet.

SPX rolling

#SPXcampaign In light of the weakness and possible failure of Upside Warning, I stopped nearest put spread and rolled into equal-sized, same date condor. Likely I’ll have to roll one of these sides, but better then waking up tomorrow with a large gap down.

Stopped: $SPX March 16th 2750/2725 put spreads for 8.30. Sold yesterday for 5.80.
#CondorRoll: Sold March 16th 2670/2695/2820/2845 condors for 7.85.

Stop and roll

#SPXcampaign Stopped $SPX March 15th 2815/2840 call spreads for 4.30. Sold on Monday for 1.75.

#CondorRoll Sold Feb 20th 2700/2725/2760/2785 condors for 8.05. Aggressive strikes expiring Tuesday, which is our next trading day due to the holiday Monday.

SPX trades

#SPXcampaign Closed on GTC order: $SPX March 9th 2300/2275 put spreads for .20. Sold on Feb 5th for 1.80. Got above 4.00 on Feb 6th…. that’s past my usual roll stop but it was just too far OTM to worry about.

STOPPED Feb 21st 2750/2775 call spreads for 3.50. Sold for 4.35 in a #CondorRoll last Thursday.
#ReverseRoll Sold Feb 23rd 2690/2665 put spreads for 5.45.

SPX trades

#SPXcampaign Got caught in the down flush… these all could have been closed much better if I’d waited for the bounce.

In chronological order:
Sold Feb 16th 2650/2675 call spreads for 6.20
Stopped Feb 23rd 2450/2425 put spreads for 3.70. Sold for 2.00 yesterday.
Stopped Feb 12th 2550/2525 put spreads for 7.00. Sold for 3.75 on Tuesday.
Stopped Feb 9th 2565/2540 put spreads for 6.60. Sold for 2.20 yesterday.
Sold Feb 23rd 2690/2715 call spreads for 4.05.
Closed on GTC order: Feb 12th 2700/2725 call spreads for .40. Sold for 4.10 yesterday.
Stopped Feb 21st 2450/2425 put spreads for 3.65. Sold in #CondorRoll for 4.35 yesterday.

The only two put spreads I have remaining are the March 9th with short at 2300 and 2200. That’s likely all I will hold over the weekend, as we could have a Margin-Call Monday with a big gap down.

SPX roll sold

#SPXcampaign Sold $SPX Feb 21st 2425/2450/2750/2775 #CondorRoll for 4.35, as a roll from the Feb 9th put spreads stopped earlier.

SPX trades

#SPXcampaign Bought to close $SPX Feb 9th 2625/2600 put spreads for 4.25. Sold in a #CondorRoll for 4.25 on Monday. Will look to roll later today. Couldn’t risk a precipitous drop into tomorrow’s close.

SPX calls closed

#SPXcampaign
Closed on GTC order: $SPX Feb 9th 2785/2810 call spreads for .20. Sold in a #CondorRoll for 4.25 on Monday.

SPX trades

#SPXcampaign
Stopped: Feb 23rd 2665/2640 call spreads for 4.00. Sold in a #CondorRoll for 3.00 last Tuesday.
#CondorRoll: Sold Feb 9th 2600/2625/2785/2810 condors for 4.25. Expire this Friday.

Closed on GTC orders:
Feb 7th 2800/2825 call spreads for .30. Sold for 4.10 on Friday.
Mar 2nd 2895/2920 call spreads for .20. Sold for 1.85 on Friday.

While we are in correction, call spreads become very lucrative. You can see I sold the two above only one trading day ago.

SPX trades

#SPXcampaign $SPX In chronological order:

Closed $SPX Feb 16th 2800/2775 put spreads for 10.10. Sold for 5.05 on Jan 24th.
Sold March 9th 2630/2605 put spreads for 2.00, 1.5x position size, as a roll.
Closed on GTC order: Feb 15th 2890/2915 call spreads for .40. Sold for 4.50 on Tuesday.
Closed on GTC order: Feb 23rd 2920/2945 call spreads for .20. Sold in a #CondorRoll on Tuesday.

Stopped another

#SPXcampaign On the bounce, closed $SPX Feb 23rd 2735/2710 put spreads for 2.80. Sold last Wednesday for 1.60.

If we get another nice dip here, I will be able to sell more rolls.

#condorroll

Rolling already

#SPXcampaign #Rolling #CondorRoll Already rolling the call spread I sold this morning.

Closed $SPX Feb 15th 2870/2895 call spreads for 3.25. Sold this morning for 1.80.
Sold Feb 15th 2890/2915 call spreads for 1.50.
Sold Jan 22nd 2780/2755 put spreads for 2.10.

SPX trades

#SPXcampaign Looks like we may end the year with the typical down day. It has been the case on the last day of December 15 out of the last 20 years. I was able to unload some remnants at the open, although missed a fill in my long Dec 29th 2700 calls… about .50-.80 at the open but it dropped to quickly on me, so closed for only .25

Closed $SPX Dec 29th 2715 long calls for .05 (closed the short side of this spread yesterday)
Closed Dec 29th 2665 long puts for .20 (closed the short side of this spread yesterday)
Closed Dec 29th 2700 long calls for .25 (long spread bought for 2.85 last week when I though the Upside Warning was going to fire)

Also:
Sold Jan 5th 2650/2675/2695/2720 #CondorRoll for 7.30. This puts me in two tight condors for next week, as I sold the Jan 3rd 2650/2675/2790/2715 condor yesterday.

I would expect a small rally next week, but ready to roll as always.

SPX calls stopped

#SPXcampaign As per usual, whenever I’m forced to hedge against a big drop I end up getting slammed on the call side.

Stopped $SPX Sept 26th 2695/2720 call spreads for 4.45. Sold yesterday in the 2620/2645/2695/2720 #CondorRoll for 6.65. Fortunately the put side has made more than the calls lost today (put deltas were much higher than the calls when I sold it).

Haven’t decided how I’m rolling yet. Also have a call spread I sold yesterday, Dec 22nd 2670/2695 for 5.55, now at 10.65. Looking to close this one as well.

SPX roll

#SPXcampaign So my mental stop on this spread was 2655. When we hit that I put in a low bid to close and was set to watch for a bounce. Then if we start moving higher, I keep lowering the bid to hopefully exit on a bounce. So we spent about 25 minutes near the lows, and my bid was 7.20. I stepped into the kitchen and it filled on the first minor pop. Now it’s trading for 6.50 on what may be the bounce. It’s the peril of riding ATM spreads so close to expiration.

Closed $SPX Dec 15th 2660/2635 put spreads for 7.20. Sold for 3.70.
#CondorRoll Sold Dec 26th 2620/2645/2695/2720 condors for 6.65

SPX reverse roll

#SPXcampaign Stopped: $SPX Dec 15th 2680/2705 for 3.55. Sold in a #CondorRoll last week.
#ReverseRoll Sold Dec 15th 2660/2635 put spreads for 3.80.

Also, closed on GTC order:
Dec 15th 2610/2585 put spreads for .20. Sold for 3.40.

SPX rolled

#SPXcampaign Closed $SPX Dec 6th 2640/2615 put spreads for 6.25. Sold last week for 6.40.
This was my only remaining put spread expiring this week, but because it is ending the day ATM, I had to cut it loose to avoid risk of a gap down tomorrow or Wednesday. At least it was breakeven.

I rolled it to…
Sold $SPX Dec 15th (Friday PM) 2585/2610/2580/2705 #CondorRoll for 6.30. This one has more time to expiration thus is more flexible to roll if wings are breached.

SPX puts closed today

#SPXcampaign Closed on GTC orders:

$SPX Dec 4th 2570/2545 put spreads for .25. Sold for 4.00 last week.
$SPX Dec 29th 2375/2350 put spreads for .25. Sold in a #CondorRoll for 3.35 on Oct 25th.
$SPX Dec 1st 2615/2590 put spreads for .40. Sold for 4.80 on Tuesday.

SPX calls stopped

#SXPcampaign Closed $SPX Dec 29th 2655/2680 call spread for 6.70. Sold in a #CondorRoll for 3.35 on Oct 25th.

This is my final SPX call spread that has hit stop levels (in this case, gone past it). I’m waiting to roll this as my put spread load is big. Another nice push higher and I can begin selling calls again. Only call spread left is the one I sold yesterday, Dec 29th 2695/2720.

SPX trades

#SPXcampaign Too much indecision to leave ITM put spreads over the weekend:

Closed Nov 15th 2595/2570 put spreads for 12.30. Sold in #InverseCondor for 23.25 on Nov 1st
Partially rolled to: Nov 22nd 2590/2565 put spreads for 8.70

Closed Nov 13th 2590/2565 put spreads for 9.35. Sold in an #InverseCondor for 23.00 on Oct 30th.
#CondorRoll Sold Nov 27th 2555/2580/2600/2625 condors for 11.00.

Also, Sold Nov 24th 2560/2585 call spreads for 17.30, as #ITMroll.

SPX trades

#SPXcampaign $SPX Today, in chronological order:

Before open, closed on GTC order: Nov 10th 2490/2465 put spreads for .20. Sold for 1.55 on Oct 13th.

Sold Dec 1st 2490/2465 put spreads for 1.45

Closed Nov 10th 2565/2590 call spreads for 14.00. Sold for 10.80 on Oct 26th.
#CondorRoll Sold Nov 17th 2550/2575/2585/2610 condors for 14.10

Closed Nov 10th 2535/2560 call spreads for 22.00. Sold for 18.90 on Oct 26th.
#ITMroll Sold Nov 17th 2550/2575 call spreads for 19.00

Sold Dec 1st 2630/2655 call spreads for 1.60.

Closed on GTC order: Nov 6th 2560/2535 put spreads for .30. Sold for 3.45 on Oct 20th.

SPX trades

#SPXcampaign $SPX Huge day and still going. In chronological order:
Stopped Oct 25th 2575/2550 put spreads for 11.75. Sold Monday for 3.85.
Stopped Nov 1st 2515/2540 call spreads for 22.40. Sold for 22.15 as #ITMroll last week.
Stopped Oct 30th 2560/2535 put spreads for 5.40. Sold for 4.75 last week.
Sold Oct 31st 2575/2600 call spreads for 3.05 as a partial roll.
Sold Nov 8th 2530/2505 put spreads for 3.70 (1.5x pos size), #Rolling from Oct 30 puts stopped above.
Sold Nov 8th 2525/2550 call spreads for 19.40, an #ITMroll from Nov 1st calls stopped above.
Sold Nov 24th 2450/2425 put spreads for 1.70.
Stopped Nov 16th 2500/2475 put spreads for 2.90. Sold Monday for 1.40.
Sold Nov 22nd 2470/2445 put spreads for 2.00 (1.5x pos size, roll from Nov 16 puts stopped above).
Stopped Nov 24th 2485/2460 put spreads for 3.10. Sold Monday for 1.45.
Sold Dec 29th 2350/2375/2655/2680 #CondorRoll for 3.35, as a roll to Nov 24 puts stopped above. Went out further than usual here as I like the distance OTM I’m able to get, even though it’s over two months to go.

More fun to come, I’m sure!

SPX trades

#SPXcampaign Yesterday, closed on GTC order: $SPX Oct 18th 2545/2520 put spread for .45. Sold for 5.40 last week.

Today:
STOPPED: Oct 27th 2560/2585 call spreads for 10.55. Sold for 1.50 on Sept 29th.
#CondorRoll Sold Oct 30th 2535/2560/2570/2595 for 11.10. (very tight condor… I will allow either side to get 10-15 points ITM before I consider rolling)
STOPPED: Oct 19th 2555/2580 call spreads for 8.55. Sold for 1.70 on Sept 18th. Not yet rolled

Closed Oct 25th 2500/2525 call spreads for 24.20. Sold for 22.25 last Wednesday.
#ITMroll Sold Nov 1st 2515/2540 call spreads for 22.20. Added Nov 1st 2540/2515 put spreads for 2.70.

SPX soldiers on

#SPXcampaign. Apologies for not posting my trades this week. I have been getting slammed by the upside move, so I’m very tightly wound up to the short side, waiting for a pullback. I have stopped some call spreads, sold aggressive put spreads, and have been rolling ITM call spreads. I once again did not take the Upside Warning seriously, mainly because of the head-fake down-day we got on Monday Sept 25th, which happened the DAY AFTER the warning. I made all the wrong moves that day; it was the perfect day to flip my account to the long side, but instead I got stopped out of put spreads. In any case, my travels have diverted my full attention. I’m in LA now until Wednesday.

Feel free to ask any questions if you need updates on my trades or help with yours. I should have more time at the computer today.

#condorroll, #fuckit, #reverseroll

SPX trades

#SPXcampaign.
Yesterday, Stopped $SPX Oct 9th 2515/2540 call spreads for 13.45. Sold in a #CondorRoll for 9.95 on Sept 18th.
Sold Oct 6th 2515/2490 put spreads for 2.00.

SPX trades

#SPXcampaign. Sold to Open $SPX Nov 3rd 2435/2410 put spreads for 1.50.

STOPPED: SPX Oct 13th 2535/2560 call spreads for 4.40. Sold for 1.50 on Sept 11th. Working on a reverse roll for Oct 16th.
STOPPED: SPX Oct 9th 2470/2495 call spreads for 23.85. Sold last Monday for 17.60. Working on #ITMroll for Oct 16th.

Closed on GTC orders:
Oct 11th 2410/2385 put spreads for .20. Sold in a #CondorRoll for 3.75 on Sept 12th.
Oct 13th 2400/2375 put spreads for .20. Sold for 1.50 on Sept 12th.

SPX pre-market

#SPXcampaign Just closed $SPX Sep 27th 2470/2445 put spreads for .35. Sold in a #CondorRoll for 9.90 on Sep 11th.

SPX trades

#SPXcampaign $SPX Took several stops today on put spreads but only rolled one of them. I am lightening up on positions since I will be traveling. Was caught in the head fake high and then the plunge, resulting in crappy trades for the Oct 27th standard spreads and the #ITMroll.

In chronological order from this morning:

Closed on GTC order: Oct 2nd 2425/2400 put spreads for .25. Sold for 1.70 on Sept 1st.
Sold Oct 27th 2415/2390 put spreads for 1.50.
Closed Oct 2nd 2475/2500 call spreads for 19.85. Sold for 19.00 last Monday.
Rolled to: Oct 9th 2470/2495 for 17.75 (dropped DOWN a strike and lost 2.10 – horrible timing)
Stopped Sept 27th 2490/2465 put spreads for 5.25. Sold Friday for 2.00.
Sold Oct 27th 2545/2570 call spreads for 1.70.
Stopped Oct 9th 2480/2455 put spreads for 4.25; rolled to:
#CondorRoll Sold Oct 16th 2380/2405/2530/2555 condors for 2.90 (1.5x position size)
Stopped Oct 6th 2475/2450 put spreads for 4.35. Sold for 2.60 on Friday.
Stopped Oct 4th 2475/2450 put spreads for 3.30. Sold in a #CondorRoll for 9.25 on Sep 15th.

SPX trades

#SPXcampaign
#RiskReversal Bought to Open $SPX Sep 29th 2515/2530 call spreads for 2.00
Sold to Open SPX Sep 27th 2490/2465 put spreads for 2.00

Closed Sep 29th 2480/2505 call spreads for 17.15. Sold for 17.45 last Friday.
#ITMroll Sold Oct 6th 2485/2510 call spreads for 16.50.
Sold Oct 6th 2475/2450 put spreads for 2.60.

Closed on GTC order: Oct 6th 2365/2340 put spreads for .25. Sold in a #CondorRoll for 3.18 on Aug 31st

Sold Oct 19th 2545/2570 call spreads for 1.70. Standard spread sold just before the week closes.

No expirations tonight!