SPX calls closed

#SPXcampaign Closed $SPX Sept 22nd 2505/2530 call spreads for 2.95. Sold for 1.60 on Aug 25th.

This one slipped by me and should have been stopped when it hit my 4.00 stop. But I weathered through its peak around 9.00 and got out decently today. I sold the opposing 2505 put spread yesterday, and will look to exit today if possible. I am moderately bullish into tomorrow.

I am leaving on a 2-week trip on Tuesday so will be adding fewer aggressive positions. I’ll be trading during the trip but not at my computer as often.

#condorroll

SPX trades

#SPXcampaign Looks like more upside today and likely the week. Stopping call spreads, selling ITM put spreads…

Stopped: $SPX Sep 27th 2500/2525 call spreads for 12.00. Sold in a #CondorRoll for 9.90 last Monday. Partial #ReverseRoll: Sold Sep 18th 2510/2495 put spreads for 3.45. Expires today, hopefully worthless if we can close higher as I expect.

Stopped: Sep 25th 2510/2535 call spreads for 6.65. Sold last Tuesday for 3.50.
#ReverseRoll: Sold Sep 22nd 2510/2485 put spreads for 5.85.

Sold Oct 19th (monthly) 2555/2580 call spreads for 1.70.

Closed on GTC orders:
Sep 25th 2425/2400 put spreads for .20. Sold for 3.10 on Aug 31st
Sep 20th 2460/2435 put spreads for .20. Sold in a #CondorRoll for 10.50 on 9/6.

Options Expiration 9/15/17

#OptionsExpiration #ContangoETFs #VXXGame #SPXcampaign #Earnings #CoveredCalls

— Expiring w/max profit —
DRIP 35 call
KOLD 45 call
SVXY 75 put
SPX 2505/2530 call spreads (sold in a #CondorRoll for 3.95 on Tuesday)

— Expiring w/loss —
SPX 2420/2405 LONG put spreads, bought for 1.25 last Friday

#Assignment
PLCE 110 covered call, partial stock position being called away

SPX more trades

#SPXcampaign Bought to close $SPX Sep 15th 2500 calls for .25. Sold in the 2500/2525 call spreads for 3.45 on Aug 17th.
Sold Oct 13th 2540/2565 call spreads for 1.75.

#condorroll

SPX trades

#SPXcampaign $SPX
TODAY:
Closed Sep 15th 2480/2455 put spreads for .20. Sold in a #CondorRoll for 3.95 on Tuesday.
Closed Sep 29th 2340/2315 put spreads for .20. Sold for 1.55 on Aug 28th.

Sold Oct 13th 2420/2395 put spreads for 1.50.

SPX rolls

#SPXcampaign
Closed: Sep 18th 2495/2520 call spreads for 5.30. Sold in a #CondorRoll for 6.75 on Sep 1st.
#Rolling: Sold Sep 25th 2510/2535 call spreads for 3.50.
Selling Sep 22nd 2470/2445 put spreads for 2.50 (no fill yet)

Closed: Oct 6th 2520/2545 call spreads for 3.70. Sold for 1.70 on Sep 5th.
#CondorRoll: Sold Sep 15th 2455/2480/2505/2530 condors for 3.95. Trying to thread the needle for expiry on Friday.

SPX close and roll

#SPXcampaign I closed this yesterday afternoon and sold the roll this morning:

STOPPED: $SPX Oct 4th 2515/2540 call spreads for 3.60. Sold for 1.45 last Thursday.
#CondorRoll: Sold Oct 11th 2385/2410/2535/2560 condors for 3.75.

Also: In pre-market, sold Sept 13 2490/2465 put spreads for 2.45. Expires tomorrow.

SPX roll

#SPXcampaign I rolled this one earlier as the downside risk is too great this close to expiration.
Bought to close $SPX Sep 8th 2480/2455 put spreads for 13.50. Sold last week for 6.80.
#CondorRoll Sold to Open Sep 20th 2435/2460/2485/2510 condors for 10.50, 1.33x position size.

EDIT: I closed PUT spreads, not call spreads.

SPX reverse roll

#SPXcampaign Bought to close $SPX Sep 18th 2455/2430 put spreads for 7.65. Sold in a #CondorRoll for 6.75 on Friday.
#ReverseRoll Sold Sep 18th 2465/2490 call spreads for 8.00.

yet more SPX

#SPXcampaign The triage continues as I flip my account from short to long.

Bought to close $SPX Sep 29th 2505/2530 call spreads for 4.00
Sold to Open Oct 6th 2340/2365/2535/2560 #CondorRoll for 3.15, 1.33x position size.

#RiskReversal #LongCallSpread
Bought to OPEN SPX Sep 8th 2480/2495 long call spreads for 2.90
Sold to Open SPX Sep 8th 2450/2425 short put spreads for 3.15
The spread I purchased is only 15-wide, which made it cheaper. Closing this one for $15 would exceed my expectations, so buying a smaller size than I sell works for me.

Also, closed on GTC order:
Sep 15th 2310/2285 put spreads for .20. Sold as a roll on Aug 10th for 2.05

SPX trades

#SPXcampaign VIX plummeting. Moving toward the end of Downside warning today. Sold to Open the following $SPX put spreads:

Sep 1st 2470/24456 for 5.80. Expires tomorrow. May close today if we get high enough.
Sep 25th 2425/2400 for 3.05.
Sep 29th 2375/2350 for 1.60.

#condorroll

SPX trades

#SPXcampaign I had to close two call spreads that went ATM today. The VIX dipped but ended off its lows. I will do more rolling tomorrow.

Bought to close $SPX Sep 14th 2460/2485 call spreads for 10.60. Sold yesterday for 6.00. Not yet rolled.
Bought to close Sep 6th 2460/2485 call spreads for 7.70. Sold as part of a #CondorRoll for 6.65 on Aug 25th. Rolled…
#ATMroll Sold Sep 13th 2470/2495 call spreads for 5.45. Ten points higher and I can roll again if we hit 2470. Will add a put spread tomorrow to make up for the debut.

Also, sold to open Sep 29th 2510/2535 call spreads for 1.40, standard campaign position.

SPX calls closed

#SPXcampaign Bought to close $SPX Aug 28th 2455 calls for .25. Sold in a #CondorRoll for 4.40 on Aug 21st.

SPX trades

#SPXcampaign Sold to Open $SPX Sep 8th 2475/2500 call spreads for 3.10. With the indecision I am now looking to sell spreads on either side, offsetting existing spreads to make new condors. Since I had puts but no calls existing for Sep 8th expiry, I sold these calls.

Earlier, closed on GTC order: Sep 6th 2300/2275 put spreads for .20. Sold in a #CondorRoll for 2.85 on Aug 10th.

SPX closures

#SPXcampaign Closed on GTC orders:
$SPX Aug 25th 2380/2355 put spreads for .20. Sold for 1.40 on July 27th.
$SPX Aug 28th 2385/2360 put spreads for .20. Sold yesterday as part of a #CondorRoll for 4.40 (the call side has gone above 7.50, however).

SPX trades

#SPXcampaign. Closed on GTC order: $SPX Sep 8th 2510/2535 call spreads for .20. Sold for 1.75 on Aug 10th.

#CondorRoll. Sold Aug 28th 2360/2385/2455/2480 iron condors for 4.40, as a roll from a put spread stopped last week. This one will be on a tight leash; one week to expiry.

Sold to Open Sept 25th 2500/2525 call spreads for 1.60, with SPX at 2421.

SPX puts stopped and call-roll sold

#SPXcampaign STOPPED, closed $SPX Aug 23rd 2410/2385 put spreads for 4.35. Sold as part of a #CondorRoll for 7.15 on Aug 10th. Will roll later.

#ReverseRoll Sold Sep 1st 2465/2490 call spreads for 3.30. This is a roll from put spread stopped yesterday after the closing bell.

SPX puts stopped

#SPXcampaign Bought to close $SPX Sep 1st 2375/2350 put spreads for 2.90. Sold for 1.30 on July 31st. This hit my 3.00 stop before the close, so I closed it on the bounce after the close. I will roll tomorrow.

Ugly close so I wanted at least one put spread out of the way if we gap down in the morning.

Also after the bell, closed on GTC order: Aug 23rd 2480/2505 call spreads for .20. Sold as part of a #CondorRoll for 7.15 last Thursday.

SPX puts closed

#SPXcampaign I have a couple ATM call spreads and and one ATM put spread expiring next week. I’ve been watching to see which I should roll (maybe both). At the moment I feel we have topped out for the day and will close lower, so I closed:

$SPX Aug 18th 2435/2410 put spreads for 5.85. Sold as part of a #CondorRoll for 6.70 on July 19th.

I will look to roll to another put spread when put premium increases.

SPX wild ride

#SPXcampaign $SPX What a fun day! Lots of action. Ended up rolling 4 put spreads: 2 into condors, one into further puts and one into calls. Here are trades that I did not post earlier:

Closed on GTC orders:
Aug 25th 2520/2545 call spreads for .20. Sold for 1.90 on July 27th
Aug 18th 2505/2530 call spreads for .20. Sold as part of a #CondorRoll for 6.70 on July 19th

Stop and Roll:
Closed Sep 8th 2375/2350 put spreads for 2.95. Sold for 1.50 on Tuesday.
#Rolling Sold Sep 15th 2310/2285 put spreads for 2.05 (1.5x position size).

Closed Aug 25th 2395/2370 put spreads for 3.40. Sold for 1.35 on July 25th.
#ReverseRoll Sold Aug 25th 2480/2505 call spreads for 3.50.

Standard Campaign Spread:
Sold Sep 8th 2510/2535 call spreads for 1.75.

Taking Profits
Bought to close Aug 21st 2480/2505 call spreads for 2.20. Sold for 8.90 on Monday. This was an extra spread I threw on, and I decided to close it now in case we’ve seen the bottom. I have two spreads that were sold ITM and are now just OTM that I will watch as I don’t want them to fall back way-ITM again.

SPX roll

#SPXcampaign Since this one started going ITM with less than a week to expiry, rolled into a somewhat tight condor.

Closed $SPX Aug 16th 2450/2425 put spreads for 6.65. Sold last week for 2.25
#CondorRoll Sold Aug 23rd 2385/2410/2480/2505 condors for 7.15

SPX CondorRoll

#SPXcampaign Sold to Open Sept 6th 2275/2300/2510/2535 #CondorRoll for 2.85. A roll from the put spread stopped earlier today.

SPX trades

#SPXcampaign
Sold to Open $SPX Sep 1st 2395/2370 put spreads for 1.40.

Sold to Open Aug 16th 2450/2425 put spreads for 2.25.

Closed Aug 9th 2500/2525 call spreads for .15. Sold as part of a #CondorRoll for 3.35 on July 14th.

Closed Aug 11th 2440/2465 call spreads for 21.95.
#ITMroll Sold Aug 18th 2445/2470 call spreads for 19.90

SPX calls sold

#SPXcampaign Sold to Open $SPX Sept 1 2520/2545 call spreads for 1.55. You can get more now.

#condorroll

SPX trades

#SPXcampaign $SPX Closed on GTC orders:
Yesterday: Aug 7th 2500/2525 call spreads for .20. Sold as part of a #CondorRoll for 4.15 on July 25th.
Today: Aug 11th 2375/2350 put spreads for .20. Sold for 1.65 on July 13th.

#ITMroll
Yesterday: Closed Aug 9th 2440/2465 call spreads for 22.00. Sold for 21.05 on July 26th.
Today: Sold Aug 16th 2440/2465 call spreads for 19.90.
Due to bad market timing, couldn’t move up a strike and lost money on the roll. Will look to sell an extra spread tomorrow.

SPX trades

#SPXcampaign Bought to close $SPX July 20th 2450/2425 put spreads for .15. Sold for 6.80 last week. Can’t leave it to expire due to Friday morning settlement on monthly options.

STOPPED: Bought to close $SPX July 24th 2465/2490 call spreads for 10.00. Sold last week as part of a #CondorRoll for 5.50.
Partial Roll: Sold July 28th 2465/2440 put spreads for 3.70.

SPX trades

#SPXcampaign

Closed on GTC order: $SPX July 24th 2415/2390 put spreads for .25. Sold as part of a #CondorRoll for 5.50 on July 12th.

STOPPED: Closed July 20th 2450/2475 call spreads for 19.60. Sold for 3.75 on July 7th. Added 2450/2425 put spreads for 6.80 on July 13th, creating an #IronButterfly and total premium to 10.55.
#IBroll – Sold to Open July 31st 2445/2470/2495 iron butterfly for 15.65. If I can get out of this IB for less than 6.50 I will have some profit in overall trade. More likely, I’ll be rolling something again.

#ITMroll Closed SPX July 26th 2430/2455 call spreads for 22.85. Sold for 15.20 last week.
Selling Aug 2nd 2435/2460 as a roll, hopefully for 21.00 or more. Will add put spread, too.

SPX condor roll sold

#SPXcampaign Sold to Open $SPX Aug 9th 2375/2400/2500/2525 #CondorRoll for 3.35.

SPX trades

#SPXcampaign Had several near-the-money call spreads getting crushed today. Such is the game when you lean short. Stopped out on a couple:

Bought to close $SPX June 14th 2435/2460 call spreads for 10.40. Sold for 5.70 last Thursday.
Sold to Open $SPX June 24th 2390/2415/2465/2490 #CondorRoll for 5.50, twice the position size.

Bought to close June 19th 2425/2450 call spreads for 16.20. Sold for 14.00 on July 5th. Looking to make an #ITMroll to July 26th 2430/2455.

SPX trades

#SPXcampaign Sold to Open $SPX Aug 11th 2325/2300 put spreads for 1.60

Closed on GTC orders:
July 12th 2450/2475 call spreads for .20. Sold for 2.25 on July 5th.
July 12th 2445/2470 call spreads for .20. Sold as part of a #CondorRoll for 5.75 on June 29th.
July 17th 2460/2485 call spreads for .20. Sold as part of a #CondorRoll for 5.10 on June 30th.

SPX call spread closed

#SPXcampaign Bought to close $SPX June 10th 2430 calls for .95. Sold in the 2430/2455 call spreads for 15.00 on June 26th. Finally out of this #ITMroll.

Also, expiring today: June 10th 2445/2470 call spreads. Sold as part of a #CondorRoll for 5.60 on June 29th.

SPX trades today

#SPXcampaign
Closed on GTC orders:
$SPX July 12th 2360/2335 put spreads for .20. Sold as part of a #CondorRoll for 5.75 on June 29th.
$SPX July 14th 2340/2315 put spreads for .20. Sold for 1.40 on June 14th.

Extra call spread sold: July 20th (monthlys) 2450/2475 call spreads for 3.75.

#ReverseRoll Stopped: July 7th 2425 short calls closed for 1.35. Sold as 2425/2450 call spreads yesterday for 3.25. Had to bail a few minutes ago.

A second consecutive week with a Thursday/Friday whipsaw. Managed much better this time.

SPX trades, part 3

#SPXcampaign Closed $SPX July 17th 2390/2365 put spreads for 3.60. Sold as part of a #CondorRoll for 5.10 on June 30th.
Sold to Open SPX July 14th 2435/2460 call spreads for 5.70… filled on this on the top tick of the afternoon, at 2423.

Closed on GTC order: July 20th 2490/2515 call spreads for .20. Sold for 1.40 on June 23rd.

SPX trades, and market today

#Market I believe the direction today is down and feel we should see better opportunity to sell volatility later today.

#SPXcampaign
Closed on GTC order: July 14th 2470/2495 call spreads for .20. Sold for 3.60 on June 22nd.
STOPPED: July 7th 2415/2390 put spreads for 4.90. Sold for 3.00 on Monday. Looking to roll this, possibly by legging into a #CondorRoll expiring tomorrow.

SPX closures

#SPXcampaign These closed on GTC orders, on the downs then ups of the day…
$SPX July 7th 2455/2480 call spreads for .25. Sold for 4.25 on June 16th.
$SPX July 10th 2375/2350 put spreads for .25. Sold as part of a #CondorRoll for 5.60 on June 29th.

#ITM roll
Closed July 12th 2420/2445 call spreads for 13.75. Sold as part of an #IBroll for 18.85 on June 29th.
Sold to Open July 19th 2425/2450 call spreads for 14.00.

I’m leaving the put side of the #IronButterfly now, since it is currently OTM. Will keep an eye and roll it should we drop below 2410.

SPX trades

#SPXcampaign Sold to Open $SPX July 17th 2365/2390/2460/2485 condors for 5.10, as a #CondorRoll from the put spread which I got flushed out on this morning.

#ITMroll Closed July 3rd 2415/2440 call spreads for 15.15. Sold for 7.40 yesterday on whipsaw action.
Rolled to July 21st 2425/2450 call spreads for 14.10. Also added July 21st 2335/2310 put spreads for 1.20.

SPX bonanza

#SPXcampaign $SPX I’m concerned we may have had another head-fake Downside Warning today… that would be two in a row and time to reassess the mechanics of the signal. I made many trades, some reverse-rolls and some standard rolls. I also clung onto to June 30th 2425/2400 put spread, which may be able to expire tomorrow. Here are my trades in order of execution:

Closed yesterday (but roll not filled): July 5th 2410/2435 call spreads for 20.85. (had planned to sell roll on any move up today, but didn’t get one)

Today:
Closed on GTC order: July 14th 2485/2510 call spreads for .20, with SPX at 2421.

#ITMroll: Sold July 12th 2395/2420/2445 #IronButterfly for an #IBroll of ITM spread above. Since I missed my chance to roll to new calls, chose to take this route and will roll the losing side. This got me 10 points higher on the call side.

Sold July 28th 2315/2290 put spreads for 1.50, with SPX at 2420. Standard weekly spread.

STOPPED: July 5th 2405/2380 put spreads for 5.40, with SPX at 2412.
#CondorRoll: Sold July 12th 2335/2360/2445/2470 condors for 5.75, w/SPX at 2412.

STOPPED: July 3rd 2430/2405 put spreads for 12.45, with SPX at 2409.
#ReverseRoll: Sold July 3rd 2415/2440 call spreads for 7.40, and July 14th 2440/2465 call spreads for 5.30.

Sold July 28th 2480/2505 call spreads for 1.40, with SPX at 2413. Standard weekly spread.

Closed on GTC order: July 20th 2500/2525 call spreads for .20, with SPX at 2414.

STOPPED: July 20th 2360/2335 put spreads for 2.90.
#Rolling: Sold July 26th 2340/2315 put spreads for 2.05, 1.5x position size, w/SPX at 2418.

STOPPED: July 3rd 2410/2385 put spreads for 5.60, w/SPX at 2412
#CondorRoll: Sold July 10th 2350/2375/2445/2470 condors for 5.60, w/SPX at 2419

SPX chart and VIX Indicator have been updated

Click “Home/REFRESH” (above) to update.

#SPXcampaign Closing on GTC orders in last hour of the day:
$SPX July 3rd 2485/2510 call spreads for .20. Sold as part of a #CondorRoll for 4.90 on Monday.
$SPX June 30th 2470/2495 call spreads for .20. Sold as part of a #CondorRoll for 4.55 on May 25th.

SPX trades

#SPXcampaign STOPPED: Closed $SPX June 23rd 2450/2475 call spreads for 6.40. Sold for 4.50 on June 9th.

Closed on GTC orders:
June 26th 2390/2360 put spreads for .25. Sold a smart of a #CondorRoll for 3.60 on June 14th.
June 30th 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 4.55 on May 25th.

SPX stop and roll

#SPXcampaign Stopped: $SPX July 14th 2475/2500 call spreads for 4.55. Sold on Friday for 1.85.
#CondorRoll Sold July 3rd 2405/2430/2475/2500 call spreads for 4.90.
The call side of the condor has the same strikes as the stopped spread but its expiry is 11 days earlier. May need further management but puts me in less danger at the moment.

Looking at stops on a couple other call spreads as well.

SPX calls closed

#SPXcampaign Bought to close $SPX June 26th 2490/2520 call spreads for .20. Sold as part of #CondorRoll for 3.60 on June 2nd.

SPX trades today

#SPXcampaign The morning did not fill me on July 7th spreads I was trying for and then the afternoon was too flat. Will try tomorrow. I made an #ITMroll today:

Bought to close $SPX June 12th 2410/2435 call spreads for 19.65. Sold as part of a #CondorRoll for 7.55 on May 19th.
Sold to Open SPX June 19th 2415/2440 call spreads for 16.40, and June 19th 2400/2375 put spreads for 2.05. Fell a buck short on a breakeven roll since the market took a dive into the close.

SPX trades

#SPXcampaign Sold to Open $SPX June 12th 2425/2400 put spreads for 3.30, as a roll for previously stopped spreads. This is not very far OTM, but short term so theta decay should be quick as long as their is no dive in the market on Monday/Tuesday.

Stopped: Closed June 23rd 2465/2490 call spreads for 3.50. Sold for 1.85 on May 25th,
#CondorRoll: Sold June 26th 2360/2390/2490/2420 condors for 3.60. Went 30-wide since there is no 2515 strike for this expiry.

SPX stopped

#SPXcampaign Bought to close $SPX June 9th 2440/2465 call spreads for 4.60. Sold for 1.40 on May 12th. Not rolled yet.

Also, bought to close SPX June 12th 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 7.55 on May 19th. The call half is ITM and will be an #ITMroll until the next pull back.

SPX trades yesterday and this morning

#SPXcampaign We got another push higher so some stops were hit.
STOPPED: Closed $SPX June 14th 2440/2465 call spreads for 4.90. Sold for 2.35 on May 30th.
#CondorRoll (legs sold separately):
Sold SPX June 21st 2360/2385 put spreads for 2.45
Sold SPX June 21st 2460/2485 call spreads for 2.55

STOPPED: Closed June 30th 2460/2485 call spreads for 4.85. Sold for 1.75 on Tuesday.
#Rolling: Sold SPX Aug 18th 2500/2525 for 4.50 (usually don’t go out this far, but I’m mixing things up)

Sold to Open SPX June 30th 2345/2320 put spreads for 1.50, with SPX at 2430.

All of the following closed on GTC orders:
June 15th 2265/2240 put spreads for .20. Sold for 1.40 on May 17.
June 7th 2390/2365 put spreads for .50. Sold as part of an #IBroll, 5.95 for the put side on May 22.
June 15th 2275/2250 put spreads for .20. Sold for 1.35 on May 19.

SPX trades today:

#SPXcampaign $SPX Long list:
Closed for 80-90% of max profit:
June 9th 2255/2235 put spreads for .20
June 2nd 2320/2295 put spreads for .25
May 31st 2360/2335 put spreads for .20
May 30th 2370/2345 put spreads for .20 (on this one I closed some shorts-only for .65 and left the long puts; since my account is heavier on short put spreads, long puts are favorable to margin)

Stopped: June 2nd 2410/2435 call spreads for 8.60. Sold in a #CondorRoll for 4.90 last Thursday.
#ReverseRoll: Sold May 30th 2420/2395 put spreads for 9.25. First time I’ve tried this: ITM put spread above all-time highs, when SPX was at 2411.
#ReverseRoll for previously stopped spreads: Sold May 26th 2415/2390 put spreads; expire tomorrow (hopefully).
Stopped: June 23rd 2450/2475 call spreads for 4.35. Sold for 1.70 on Monday. (not yet rolled)
Stopped: June 23rd 2445/2470 call spreads for 4.65. Sold for 2.70 on Tuesday.
#CondorRoll: Sold June 30th 2315/2340/2470/2495 condors for 4.55

And for a standard weekly spread: Sold June 23rd 2465/2490 call spreads for 1.85

#ibroll

SPX trades yesterday

#SPXcampaign $SPX My apologies for posting trades late. It has been a hectic week after being head-faked on the 17th. Since the Upside Warning I have been aggressively getting long for the short-term.

Yesterday:
Closed June 2nd 2290/2265 put spreads for .20. Sold for 1.40 on May 2nd.

Stopped: June 7th 2400/2425 call spreads for 9.00. Sold for 4.10 on May 17th.
Stopped: June 9th 2415/2435 call spreads for 5.30. Sold as part of a #CondorRoll for 3.10 on May 17th.

#ReverseRoll: Sold June 14th 2390/2365 put spreads for 5.00.
#ReverseRoll: Sold June 16h 2390/2365 put spreads for 5.40.

#LongCallSpread: Bought May 31st 2425/2445 call spreads for .80. Designed to take advantage of the possible strong move up after the Upside Warning fires. So far, so good today.

I’ll post today’s trades in a bit.

SPX roll

#SPXcampaign So far this Downside Warning is shaping up to be a big failure. I’m going to have to review the set up as the signal is not as reliable in the last couple years as it was prior to 2015. However, until we close below 11.00 (which could be today), we could still weakness next week. The rally today could be an OpEx thing.

But regardless, I was too aggressive on reverse rolls on Wednesday; placed too many below the Tuesday high of 2405, which should have been my line in the sand.

Bought to close $SPX May 26th 2380/2405 call spreads for 10.50. Sold for 8.00 on Wed as a #ReverseRoll
Sold to Open SPX June 12th 2315/2340/2410/2435 #CondorRoll for 7.55, 1.5x position size. One side of that will likely require further attention, but the idea is to get the current ATM spread out of play.

SPX roll

#SPXcampaign Having to roll out call spreads already…. Reverse rolling not working as well as usual, but I admit this one I sold this morning was much too aggressive.

Stopped SPX May 19th 2370/2395 call spreads for 7.00. Sold this morning for 3.20.
#CondorRoll Sold June 2nd 2295/2320/2410/2435 condors for 4.90, 1.5x position size.

SPX – I’m a rolling m*th**f***er

#SPXcampaign Whew! What a day. Playing the SPX campaign means you’ll have rough days like this. My only disappointment today was the May 17th 2380/2355 spread I should have closed yesterday. That’s the only stopped spread that i have not yet rolled. Will add on some rolls in the coming days. All other trades pretty much as the [lan goes on such a sharp down day; despite the drawdown in the accounts today, positioning to gain it all back and then some in coming weeks.

I have been prepping a revised webinar on the strategy and have seen that when a Downside Warning or Upside Warning first hits, selling reverse rolls around and above recent extremes is a safer bet than rolling further out in the same direction. So today, I rolled most back into call spreads, since the odds are we will not be returning to 2400 area for at least a couple weeks.

Here are my trades since 2p ET, when things started to really crater:
BTC SPX May 17th 23870/2355 for 14.00. Sold for 2.35 on May 9th (not yet rolled).
Stopped SPX May 19th (Friday PM) 2350/2335 puts for 3.85. #ReverseRoll to May 31st 2390/2415 calls for 4.80 (extra premium will be applied to another roll).
BTC June 9th 2450/2475 calls for .20; sold for 1.50 on May 10th.
Stopped June 9th 2310/2285 puts for 3.35; #ReverseRoll to June 7th 2400/2425 calls for 4.10.
Stopped May 26th 2365/2340 puts (risk/reversal) for 7.85. #ReverseRoll to May26th 2380/2405 calls for 8.00.
STC May 26th 2410/2430 long call spreads (risk/reversal) for .80.
Stopped May 22nd 2375/2350 puts (risk/reversal) for 9.40. #ITMroll to May 30th 2370/2445 put spreads for 7.60, with May 30th 2405/2430 call spreads for 2.10 added to make up for debit.
STC May 22nd 2410/2435 long call spreads (risk/reversal) for .20. First half sold Monday for 3.30.
Stopped June 2nd 2310/2285 puts for 2.75. #CondorRoll to June 9th 2235/2255/2415/2435 for 3.10.

SPX puts closed pre-market

#SPXcampaign Close orders filled, bought to close the following $SPX put spreads:
Apr 26th 2255/2230 for .20. Sold for 1.35 on Mar 29th
Apr 28th 2225/2200 for .20. Sold for 2.75 on Mar 21st
Apr 28th 2260/2235 for .20. Sold for 1.30 on Mar 31st
May 1st 2275/2250 for .20. Sold as part of a #CondorRoll for 3.95 last Monday.

SPX trades

#SPXcampaign Sold to Open $SPX May 18th 2415/2440 call spreads for 1.65.
Sold to Open SPX Apr 26th 2375/2400 call spreads for 2.90

Bought to close $SPXPM Apr 21st 2300/2275 put spreads for .20. Sold as part of a #CondorRoll for 4.10 on Apr 7th.

SPX calls closed and calls sold

#SPXcampaign $SPX Bought to close the following:
Apr 20th 2375/2400 call spreads for .40. Sold for 7.50 on Apr 7th.
Apr 21st (SPXPM) 2390/2415 call spreads for .20. Sold as a #CondorRoll for 4.10 on Apr 7th.
May 5th 2430/2455 call spreads for .20. Sold as a #CondorRoll for 4.15 on March 28th.

Sold to Open May 18th 2420/2445 call spreads for 1.30, with SPX at 2336.

#maestro

After the bell closings

#SPXcampaign. No expirations today, but these two closed a couple minutes after the bell.

Closed SPX Apr 28th 2420/2445 call spreads for .20. Sold as part of a #CondorRoll for 2.10 on Mar 27th (the put side closed earlier today)
Closed SPX May 5th 2435/2460 call spreads for .20. Sold for 1.40 on Apr 5th.

Looking for more fun next week!

SPX sales, stops, and rolls

#SPXcampaign Several trades… stopped out of a couple put spreads to lighten the load in case we have a blackish Monday.

STOPPED: Bought to close $SPX Apr 20th 2325/2300 put spreads for 5.20. Sold for 3.00 on Apr 5th.
STOPPED: Bought to close SPX May 5th 2245/2220 put spreads for 2.10. Sold for 1.45 on Apr 3rd

#ReverseRoll Sold to Open SPX May 5th 2395/2420 call spreads for 2.25… same expiry as above spread it is replacing

Also:
Closed May 5th 2440/2465 call spreads for .25. Sold for 1.45 on Apr 3rd
Closed Apr 28th 2150/2125 put spreads for .20. Sold as part of a #CondorRoll for 2.10 on March 27th

SPX call spreads closed

#SPXcampaign
Bought to close $SPX Apr 28th 2440/2465 call spreads for .20. Sold in a #CondorRoll for 2.75 on March 21st.
Bought to close $SPX Apr 13th 2370/2395 call spreads for .20. Sold for 9.30 on March 31st. Nice one. That was the 14th time I rolled that trade. Finally done.

SPX trades

#SPXcampaign Stopped out on this one which started the day ITM… exited when it was ATM, and now it is quite OTM and much cheaper… now need to wait for recovery to sell a roll.
Bought to close $SPX April 10th 2360/2385 call spreads for 9.00. Sold for 8.60 last Tuesday.

Also closed:
Apr 7th 2400/2425 call spreads for .20. Sold as #CondorRoll for 4.10 on Mar 23rd
Apr 5th 2380/2405 call spreads for .25. Sold for 3.45 on Mar 24th
Apr 5th 2375/2400 call spreads for .35. Sold for 6.10 on Mar 23rd

SPX calls closed, calls sold

#SPXcampaign Bought to close $SPX Apr 3rd 2380/2405 call spreads for .15. Sold as a #CondorRoll for 7.80 on March 21st.
Sold to Open SPX May 5th 2440/2465 call spreads for 1.45, with SPX at 2365.

SPX stop and roll

#SPXcampaign Bought to close $SPX Apr 28th 2410/2435 call spreads for 4.00.
#CondorRoll Sold to Open May 5th 2225/2250/2430/2455 iron condors for 4.15

SPX puts closed

#SPXcampaign Bought to close $SPX April 3rd 2325/2300 put spreads for 5.05. Sold as part of a #CondorRoll last Tuesday for 7.80.

The call spread I sold this morning will act as a roll for this spread. I stopped it since it started the day ITM, so I’m not giving it another chance to explode.

SPX put roll, calls closed

#SPXcampaign 3.00 stop hit on one spread.
STOPPED: Bought to close $SPX April 20th 2265/2240 put spreads for 3.20. Sold last Tuesday for 1.35.
#CondorRoll Sold to Open SPX Apr 28th 2125/2150/2420/2445 iron condors for 2.15, 1.5x position size.

Also, closed SPX April 13th 2435/2460 call spreads for .20. This one was not closing as a spread, even with a bid of .25, so I closed the legs manually for .35 and .15.

SPX trades

#SPXcampaign Sorry I haven’t been posting all trades last few days. Been pretty busy both trading and with other duties this week. In general, I have been rolling near-the-money put and call spreads, as well as selling some addition call spreads. This week was quite beneficial for me since I have been leaning short for a couple months. If we can stay in this range or go lower, I will be able to back out of all previously ITM call spreads next week.

Today:
Sold to Open $SPX April 20th 2420/2445 call spreads for 1.50

Bought to close March 31st 2355/2380 call spreads for 11.00. Sold for 16.75 on Tuesday.
#CondorRoll (wings sold separately): April 7th 2365/2390 calls for 8.35 and 2305/2280 puts for 3.10

Bought to close March 27th 2390/2415 calls for .20. Sold in a condor for 5.20 on Monday.

SPX calls closed

#SPXcampaign The good news: Bought to close $SPX March 24th 2370/2395 call spreads for 1.00. Sold for 13.65 on March 3rd. This is the kind of closure I’ve been waiting for with these ITM and ATM spreads.

And now for the bad news, bought to close March 24th 2340/2315 put spreads for 7.35. Sold as part of a #CondorRoll for 5.35 on March 1st. Got stopped at the bottom of the day (so far). Now I gotta roll this one too! (among others)

more SPX trades

#SPXcampaign Rolled a put spread and a few call spreads closed…

STOPPED, bought to close $SPX March 27th 2355/2330 puts spreads for 7.60. Sold yesterday in a #CondorRoll for 5.20. Rolled into another condor…
Sold to Open SPX April 3rd 2300/2325/2380/2405 condors for 7.80

Closed March 24th 2385/2410 call spreads for .50. Sold yesterday for 3.75
Closed April 13th 2455/2480 call spreads for .20. Sold last week for 1.30
Closed March 31st 2420/2445 call spreads for .20. Sold for 2.65 on March 7th

SPX trades

#SPXcampaign Sold my first standard weekly put spread early when the drop got started:
Sold to Open $SPX April 20th 2265/2240 put spreads for 1.40, when SPX was at 2363

Stopped out of an #ITMroll a day early to take advantage of low price. I plan to sell a roll on a bounce above 2365. Bought to close SPX Karch 29th 2355/2380 call spreads for 12.05. Sold for 18.50 last Thursday.

Stopped and rolled a put spread since my 3.00 stop was breached. Waited for the bounce to make the trade. Was able to roll into a nicely OTM condor without increasing position size.
STOPPED: Bought to close SPX April 13th 2300/2275 put spreads for 2.60.
#CondorRoll: Sold to Open SPX April 28th 2200/2225/2440/2465 iron condors for 2.75.

SPX puts closed

#SPXcampaign Bought to close $SPX March 20th 2370/2345 put spreads for .20. Closing to avoid any last minute plunge in the market. These were sold on March 1st as part of a #CondorRoll for 9.55

Reverse Roll

#SPXcampaign And we’re off to the races once again. As this kind of strength seems to carry through, at least for a day or two, I just reversed myself when a trade was almost ATM.

Bought to close $SPXPM March 17th 2390/2415 call spreads for 4.25. Sold as part of a #CondorRoll for 6.50 on March 10th.

#ReverseRoll Sold to Open SPXPM March 17th 2385/2360 put spreads for 4.65.

SPX trades

#SPXcampaign
Bought to close $SPX March 31st 2465/2490 call spreads for .20. Sold as part of a #CondorRoll for 4.60 on March 1st.

#ITMroll Bought to close SPX March 15th 2325/2350 call spreads for 21.50. Sold on March 1st for 22.00.
Sold to Open SPX March 22nd 2345/2370 for 15.50, with 1.5x position size. I’m margin-weighted toward the short put side, so selling extra calls helps. So I increased size on this one which allowed me to move up 20 points. I also added:

Sold to Open $SPX March 16th (monthly) 2390/2415 call spreads for 2.50.

My positions have come closer in to the point that my portfolio resembles one giant iron butterfly on the market. If we can consolidate here for two weeks, it would be brilliant. More likelyI will have to adjust one way or the other.

SPX call spreads closed

#SPXcampaign Bought to close $SPX March 31st 2470/2495 call spreads for .20. Sold for 1.40 last Wednesday.
Bought to close SPX March 24th 2450/2475 call spreads for .20 (only half of position closed). Sold as part of a #CondorRoll for 5.35 last Wednesday.

SPX trades

#SPXcampaign Before the open, bought to close $SPXPM March 17th 2450/2475 call spreads for .20. Sold as part of #CondorRoll for 4.80 last Wednesday.

Sold to Open $SPX April 7th 2265/2240 put spreads for 1.40, with SPX at 2369.

SPX trades today

#SPXcampaign
#ITMrolls
Bought to close SPX March 10th 2360/2385 call spreads for 15.00
Sold to Open SPX March 24th 2370/2395 call spreads for 13.65

Bought to close SPX March 10th 2330/2355 call spreads for 23.00
Sold to Open SPXPM March 17th 2340/2365 call spreads for 20.00

I will add some additional smaller spreads on Monday to make up for the debits.

Also closed: SPX March 8th 2395/2420 call spreads for 1.50. Sold for 8.60 on Wednesday. This one is quite profitable in two days, but is exactly the type of spread that will go right back to even if we rally next week. 1.50 is much easier to roll than 8.50.

Finally,
BTC SPX March 16th 2255/2230 put spreads for .20. Sold for 1.45 on Feb 17th.
BTC SPX March 10th 2320/2295 put spreads for .20. Sold as part of #CondorRoll for 3.90 on Feb 22nd.

SPX trades

#SPXcampaign STOPPED: Bought to close $SPXPM March 17th 2420/2445 call spreads for 4.25. Sold as part of a #CondorRoll for 4.20 on Feb 23rd. Will roll once I see the next strong move up or down.

Sold to Open $SPX March 31st 2285/2260 put spreads for 1.35, with SPX at 2388.

SPX trades

#SPXcampaign STOPPED, bought to close $SPX March 16th 2415/2440 call spreads for 5.30. Sold as part of a #CondorRoll for 4.45 on Feb 15th.
#CondorRoll: Sold SPX March 24th 2315/2340/2450/2475 condors for 5.35.

Bought to close March 16th 2220/2195 put spreads for .20. Sold for 1.30 on Feb 14th.

SPX call spread stopped

#SPXcampaign Bought to close $SPX March 24th 2430/2455 call spreads for 4.40. Sold for 1.45 on Feb 21st.
#CondorRoll Sold to Open SPX March 31st 2295/2320/2465/2490 condors for 4.60.

SPX puts closed

#SPXcampaign In pre-market, bought to close $SPX March 1st 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 4.10 on 2/21.