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

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

SPX trades

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.