SPX trades

#SPXcampaign Since $SPX has been up only 5 times in the last 20 years on the last day of the year, I closed the put side of this #IronButterfly. Letting the call side expire.

Closed $SPX Dec 29th 2690/2665 put spread for 7.40. Sold in an #IBroll for 17.55 last week (with 2690/2715 calls)

Also, trying to shake up this dull market: Sold June 3rd 2650/2675/2690/2715 #IronCondor for 6.50. These expire in just two trading days. My expectation is a slight drop tomorrow and then an up day on Tuesday.

SPX final trades

#SPXcampaign Sold $SPX Dec 27th 2665/2640 put spreads for 4.60, as a #ReverseRoll from Dec 26th calls stopped earlier.

Closed Dec 22nd 2670/2695 call spreads for 11.60. Sold yesterday for 5.55.
#IBroll to Dec 29th 2665/2690/2690/2715 #IronButterfly. Shooting for ending the year at or near 2690, but either way I can roll as necessary.

No Expirations.

SPX shake out

#SPXCampaign Couldn’t hold onto these with weakness today.
Bought to close $SPX July 28th 2465 puts for 3.00. Sold in the 2465/2440 put spread for 3.70 on July 20th. Will sell the long 2440 puts if we drop more.

Bought to close SPX July 31st 2470/2445 put spreads for 4.70. Sold in the 2445/2470/2495 #IronButterfly (#IBroll) for 15.65 on July 19th.

I am backing off on put rolls for now, given the market weakness. I have too many spreads near the money. Had been looking to close out the week on a high note with weakness more likely next week, but it came early so now I’m on guard. My main goal now is to get back to normal order with fewer spreads so close to the money.

SPX trades


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 more trades

#SPXcampaign Sold $SPX July 7th 2425/2450 call spreads for 3.25. A roll from stopped put spread; aggressively near-the-money, but following my thesis that we are going lower. I will be wrong if we end the day above 2430 and roll. If we get a strong push down later I will try to sell a put spread for about 1.80 to make up for full cost of exiting the earlier spread.

#IBroll Bought to close July 12th 2420/2395 put spreads for 7.20. This was part of the #IBroll sold last week for 18.85. I rolled the call side up yesterday… will #ITMroll this one down when we hit lower levels on the index.

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 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)

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 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 ITM roll

#SPXcampaign #ITMroll Rolling the call spread from the #IBroll I made on May 22nd.
Bought to close $SPX June 7th 2390/2415 call spreads for 17.90. This half sold for 12.15 on May 22.
Sold to Open $SPX June 14th 2395/2420 call spreads for 15.80.

To make up for the debit on the roll, I added another call spread, since I am too heavy in put spreads at the moment and it seems as if upside momentum is waning.
Sold to Open SPX June 16th (Friday PM) 2445/2470 call spreads for 2.35.


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


SPX trades today

#SPXcampaign Sold $SPX June 23rd 2450/2475 call spreads for 1.70.
Closed SPX May 26th 2300/2275 put spreads for .20. Sold for 1.40 on Apr 28th.

Got stuck having to #ReverseRoll a double-sized position into calls last Wednesday, and had to stop out of them today. So I sold an #IronButterfly, or an #IBroll. This allows me to cut my position size in half, and spreads the risk more moderately in both directions rather than heavily in one direction. I will look to close each side when they get cheap, and if I’m stuck with either side significantly ITM a week before expiry, I will do an #ITMroll.

Stopped: closed SPX May 31st 2390/2415 call spreads for 9.35. Sold for 4.80 last Wednesday.
#IBroll: Sold June 7th 2365/2390/2415 iron butterflys for 18.10.