The Fourth is strong with this one

#Earnings #Rolling already
I’ve been trying to close this for an hour but it will not stop… so I chased.
BTC $OLED May 18th 100 call for 4.60. Sold this morning for 1.50.
I also, unwisely as it turned out, closed May 18th 125 put for 27.50 (when stock was about 97.00). Sold for 26.50, avg price last month in an #ITMroll. I wanted to roll down to a 120 put on the next pullback, but that is probably out of reach now. I will continue to work this one, but probably hold off for today as it is overdone… +12%.

SPX trades

#SPXcampaign The whipsaw I suffered in the morning yesterday was a buzzkill, because I’ve been correct about direction just horrible at my intraday timing. Here are remaining trades from yesterday and some this morning..

Sold $SPX April 19th 2540/2515 put spreads for 2.85, #Rolling with 1.5x position size.
Sold $SPX March 26th 2575/2550 put spreads for 1.75, expires Monday
Stopped Apr 6th 2550/2525 put spreads for 2.90. Sold for 1.95 on Mar 7th.
#ReverseRoll Sold March 26th 2680/2705 call spreads for 3.10.

Closed on GTC orders:
March 29th 2760/2785 call spreads for .30. Sold for 3.45 on Monday.
April 13th 2850/2875 call spreads for .20. Sold for 1.70 last Friday.

#ITMroll
Sold April 13th 2775/2750 put spreads for 22.25. This is an #ITM roll from the March 29th 2790/2765 spreads I’m currently trying to close. Probably be paying close to 24.00.

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 trades

#SPXcampaign Sold to Open $SPX March 23rd 2845/2870 call spreads for 1.55.

#ITMroll Closed March 2nd 2800/2775 put spreads for 23.60. Sold for 23.80 on 2/14.
Sold March 9th 2800/2775 put spreads for 19.70.

Closed on GTC order: March 15th 2400/2375 put spreads for .20. Sold for 1.60 on Feb 13th.

Stopped Feb 28th 2750/2775 call spreads for 6.50. Sold yesterday for 4.45.

Cancellation of the Downside Warning looking likely. This could mean Upside Warning as early as Tuesday.

SPX puts closed

#SPXcampaign In pre-market, closed on GTC order: $SPX Nov 22nd 2560/2535 put spreads for .30. Sold for 2.80.

After market close yesterday, Sold Dec 4th 2575/2600 call spreads for 13.40 as an #ITMroll. Wish I’d waited until this morning!

More SPX

#SPXcampaign Closed $SPX Nov 20th 2580/2555 for .35. Sold for 3.10 on Friday.

Closed Nov 27th 2580/2555 put spreads for 3.88. Sold for 6.55.
#Rolling Sold Dec 4th 2570/2545 put spreads for 4.00.

Closed Nov 27th 2570/2595 call spreads for 14.55. Sold for 16.00 last Monday.
#ITMroll Selling Dec 4th 2575/2600 call spreads, no fill yet

SPX trades

#SPXcampaign

In pre-market, closed $SPX Nov 27th 2600/2625 for 2.95. Sold for 3.40.
#ReverseRoll Sold Nov 20th 2580/2555 put spreads for 3.10. These expire Monday.

Closed Nov 24th 2560/2585 call spreads for 18.40. Sold for 17.20 last week. Working on #ITMroll.

Closed Nov 17th 2575/2550 put spreads for .85. Sold for 5.80.

Sold Dec 14th (monthly) 2485/2460 put spreads for 1.50.

Roll of STMP

#SPXcampaign #Rolling #ITMroll
Sold $STMP Dec 1st 200/180 put spreads for 17.75. This replaces my 200/185 put spreads expiring today, which will debit me 15.00. I went wider to make up the credit, with a 2-lot. A third option was assigned early with 190.35 cost basis, which I will hold for the eventual move back to 200.

SPX trades

#SPXcampaign

Closed Nov 20th 2575/2600 call spreads for 5.85. Sold for 14.60 on Nov 6th.
#ReverseRoll Sold Nov 27th 2560/2535 put spreads for 5.40

Sold Nov 27th 2585/2560 put spreads for 10.15, as a partial roll of Nov 16th spread stopped this morning

Stopped Nov 17th 2560/2585 call spreads for 11.90. This was sold this morning for 9.40.

Sold Nov 29th 2565/2590 call spreads for 13.55, as an #ITMroll from Nov 22nd call stopped tis morning.

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

Sold $SPX Nov 20th 2560/2585 call spreads for 20.25, as an #ITMroll from spread closed yesterday.

Stopped Nov 16th 2610/2635 for 2.70. Will look for a roll.

SPX puts sold

#SPXcampaign Since today marks a further validation of the Upside Warning on the #VIXindicator, I’m selling an additional aggressive put spread, and holding off on selling new call spreads and an #ITMroll.

Sold $SPX Nov 16th (monthly) 2585/2560 call spreads for 5.10.

#inversecondor

SPX trades

#SPXcampaign $SPX

Closed on GTC orders:
Nov 8th 2540/2515 put spreads for .20. Originally sold for 2.00
Nov 16th 2465/2440 put spreads for .20. Sold for 1.50 on Oct 19th.

Closed Nov 13th 2570/2595 call spreads for 16.25. Sold last Monday as part of an #InverseCondor for 23.00. (Leaving the 2590/2565 put spread on for hopeful expiration)
#ITMroll Sold Nov 20th 2575/2600 call spreads for 14.60.

Closed Nov 13th 2540/2565 call spreads for 23.45. Sold last Monday for 20.50.
Not yet rolled

Sold Nov 20th 2585/2560 put spreads for 6.10.

STMP roll

#Earnings #Rolling #ITMroll

Sold $STMP Nov 17th 200/185 put spreads for 13.05. This is a roll from the 200/180 put spreads expiring today at full loss. I increased position size by 50% and was able to reduce width by 25%. This gives it two more weeks to recover.

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

Closed Nov 8th 2525/2550 call spreads for 23.75. Sold last Wednesday for 19.40.
#ITMroll Sold Nov 15th 2540/2565 call spreads for 20.70.

Closed Nov 8th 2540/2565 call spreads for 22.65. Sold for 19.35 on Oct 24th.
#InverseCondor Rolled to Nov 15th 2575/2600 calls and 2595/2570 put spreads for 23.25.

Stopped Nov 10th 2600/2625 call spreads for 3.80 (4.00 stop was hit)
Working on a #ReverseRoll

SPX trades

#SPXcampaign BTC $SPX Oct 31st 2565/2540 put spreads for .35. Sold for 3.70 on Friday.
Sold Nov 13th 2540/2565 call spreads for 20.50 as an #ITMroll from Nov 6 spread stopped yesterday.

SPX trades

#SPXcampaign $SPX Today, in chronological order:

(Friday after close) BTC #ITMroll Nov 6th 2520/2545 call spreads for 23.50. Sold for 22.10 last Monday.
Today:
BTC Nov 1st 2540/2515 put spreads for .35. Sold Oct 18th for 2.70.
BTC #ITMroll Nov 6th 2525/2550 call spreads for 23.20. Sold for 22.25 on Oct 20th.
Sold Nov 13th 2570/2595 call spreads and 2590/2565 put spreads for 23.00 total, as an #InverseCondor to roll one of the Nov 6th #ITMroll call spreads stopped above. This gives me a much higher call spread strike. One of these two will be rolled next Monday, or both if they are both ITM.

BTC Nov 10th 2460/2435 put spreads for .32. Sold for 1.45 on Oct 9th.
Sold Dec 1st 2480/2455 put spreads for 1.47.
(the above 2 were done together as one trade, which seemed to “trick” my broker into a better margin outcome that they were showing had I done them separately)

BTC Nov 10th 2600/2625 call spreads for 1.95. Sold for 1.68 in early October. This is a double position so I’m doing a #ReverseRoll on half since it got close to my stop level on Friday.
Sold Nov 8th 2540/2515 put spreads for 2.00 as a #ReverseRoll

Still waiting to sell another #ITMroll, hopefully during a rally into the close. My news alerts said that today’s drop was due to word that corporate tax cuts may come in phases. If that’s really the reason, sounds like another dip to buy.

Was that a bottom? SPX trades

If there’s a bounce to be, it has begun
#SPXcampaign #VIXIndicator The VIX topped out (thus far) at 13.20, which is .47 shy of canceling the Upside Warning. If the bullish trend is to continue, the bounce may have started now.

Closed $SPX Nov 3rd 2520/2545 call spreads for 19.45. Sold Friday for 22.70. This will be another #ITMroll, but I’m going to roll it late today or tomorrow, provided we continue higher.

Stopped Oct 31st 2560/2535 put spreads for 9.60. Sold for 3.15 on Friday. This was stopped on the way back up from the lows. Can’t risk a gap down with expiration date so near. I’m going to consider how to roll tomorrow.

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 Closed $SPX Nov 8th 2580/2555 put spreads for 9.25. Sold yesterday for 9.35. Decided to bail on this as the lackluster bounce and rising VIX tell me that some index weakness could be coming.

Sold Nov 8th 2540/2565 call spreads for 19.35. #ITMroll from Oct 31st spread closed this morning.

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 rolls

#SPXcampaign
Closed $SPX Oct 23rd 2485/2510 call spreads for 24.45. Sold for 23.05 last Monday.
#ITMroll Sold Oct 30th 2500/2525 call spreads for 23.40.

Stopped SPX Nov 3rd 2575/2600 call spreads for 4.75. Originally sold for 1.65.
Rolled to a Split-Week Condor (a name I just made up):
Sold Oct 23rd 2565/2590 call spreads for 3.70
Sold Oct 30th 2525/2500 put spreads for 1.45

SPX trades yesterday

#SPXcampaign
Closed on GTC order:
Oct 13th 2530/2505 put spreads for .20. Sold on Monday for 2.35
Oct 20th 2475/2450 put spreads for .25.

Closed Oct 18th 2480/2505 call spreads for 24.55. Sold a week earlier for 23.25.
#ITMroll Sold Oct 25th 2500/2525 call spreads for 23.25.

Was able to move up 20 points with only a 1.30 debit; when spreads are this deep ITM the premiums are little changed by moving up multiple strikes, so wider rolls are easier.

SPX trades

#SPXcampaign. Here are my trades today:
Closed on GTC orders:
Oct 9th 2540/2515 put spread for .20. Sold for 3.70 on Thursday.
Oct 9th 2555/2580 call spreads for .20. Sold for 1.45 on Thursday.
Oct 19th 2420/2395 put spreads for .20. Sold for 1.45 on Sept 19th.
Oct 13th 2490/2465 put spreads for .25.
Oct 11th 2515/2490 put spreads for .20. Sold for 1.80 last Wednesday.

STOPPED: Nov 3rd 2585/2610 call spreads for 3.00. Sold for 1.90 on Thursday. Not sure why I had an order in for 3.00 on this one, but it was a mistake. Now a roll would be difficult since market dropped so much from this morning.

Closed Oct 16th 2475/2500 call spreads for 24.50. Sold for 22.50 last Monday.
#ITMroll. Sold Oct 23rd 2485/2510 call spreads for 23.05.

Sold Nov 10th 2600/2625 call spreads for 1.70
Sold Nov 10th 2460/2435 put spreads for 1.45

SPX rolls sold

#SPXcampaign
Sold $SPX Oct 16th 2515/2490 put spreads for 4.50, as #ReverseRoll from Oct 13th calls stopped this morning.
Sold Oct 16th 2475/2500 call spreads for 22.35 as #ITMroll from Oct 9th calls stopped this morning.

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 trades

#SPXcampaign. $SPX.
Yesterday,
Closed on GTC order: SPX Sep 29th 2475/2450 put spreads for .20. Sold for 1.65 on Sep 21st.
Sold half of long position: STC Sep 29th 2515/2530 call spreads for 1.50. Bought for 2.00 last Friday.
Lottery ticket crash trade: Bought Oct 6th 2400/2375 put spreads for .20.

Today:
Closed Oct 6th 2485/2510 call spreads for 19.30. Sold last Friday for 16.50.
#ITMroll. Selling Oct 13th 2490/2515 call spreads, not filled yet.

Sold Oct 27th 2560/2585 call spreads for 1.50

SPX new highs

#VIXIndicator #SPXcampaign Well there’s the result of the Upside Warning after 2.5 days of uncertainty.

#itmroll

SPX trades

#SPXcampaign.
My #ITMroll for the day: Closed $SPX Oct 4th 2470/2495 call spreads for 21.95. Sold for 20.05 last Thursday. #Rolling to Oct 11th 2475/2500… missed the highs so waiting.

Sold a couple NTM put spreads to offset my call spread positions:
Sold Oct 6th 2485/2460 put spreads for 2.80
Sold Oct 9th 2500/2475 put spreads for 5.40

Stopped: Oct 9th 2510/2535 call spreads for 7.70. Sold for 7.50 on Sep 18th. At least that was almost break-even… will add to the list of rolls I need!

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!

SPX trades

#SPXcampaign Closed $SPX Sep 22nd 2205/2480 put spreads for 4.70. Sold yesterday for 4.90. As we head into the close, we’re looking pretty weak, so can’t risk an overnight gap down. This was only a hedge against the short 2505 call spread, which I closed this morning.

Also, sold to open Oct 4th 2470/2495 call spreads as an #ITMroll from spread stopped yesterday. I was unable to move short strike up.

SPX trades

#SPXcampaign
Closed on GTC order: $SPX Sep 22nd 2475/2450 put spreads for .40. Sold for 2.15 on Sep 13th.

#ITMroll Closed Sep 27th 2470/2495 call spreads for 21.70. Sold for 16.50 on Sep 11th.
Order in to sell Oct 4th 2745/2500 for 21.85… or whatever I can get before the close.

Sold to Open Sep 22nd 2505/2480 put spreads for 4.90. This is sold against the 2505/2530 call spreads, creating an #IronButterfly for Friday expiration. I will close whichever side I need to on Friday (unless we have a major move in either direction)

SPX ITM roll

#SPXcampaign Closed $SPX Sep 22nd 2475/2500 call spreads for 17.95. Sold for 4.50 on Aug 29th.
#ITMroll Sold Sep 29th 2480/2505 call spreads for 17.45.

Also, stopped Sep 29th 2500/2525 for 9.65. Sold for 2.75 on Sep 8th as part of a #RiskReversal. Had to take risk off going into Monday. Will figure out how to roll next week.

#LongCallSpread Finally, bought to Open Sep 22nd 2510/2525 call spreads for 2.75, after the bell. Another hedge against further upside on Monday.

SPX roll

#SPXcampaign Is this a head-fake rally? Quite possibly. But that has not been the case in the last several volatility spikes. When the market starts going up strongly, it keeps going. So I’m forced to roll this second #ITMroll.

Closed $SPX Aug 25th 2450/2475 call spreads for 8.25. Sold for 16.25 on Aug 14th.
Rolled to Sep 1st 2460/2485 call spreads for 7.85.

Rolled up 10 points for only a minor debit. Will be looking for the direction tomorrow.

More SPX

#SPXcampaign. Closed $SPX Aug 23rd 2445/2470 call spreads for 1.15. Sold for 19.50 on Aug 9th as an #ITMroll. Finally out of one… one more to go.

Also, Stopped out of Aug 30th 2425/2400 put spreads for 8.60. Sold for 6.00 last Thursday as a roll. I would normally watch this one longer but I won’t be at my computer most of today. I will look to sell and aggressive roll later this week.

SPX roll sold

#SPXcampaign Sold to Open $SPX Aug 25th 2450/2425 call spreads for 16.25. #ITMroll from the calls stopped this morning.

Also, closed on GTC order: Aug 17th 2375/2350 put spreads for .20. Sold for 1.40 on July 17th.

Also, expired on Friday, Aug 11th 2495/2520 call spreads. Sold for 1.60 on July 13th.

SPX roll

#SPXcampaign Closed $SPX Aug 16th 2440/2465 call spreads for 19.65. Sold last week for 19.90.
#ITMroll Sold SPX Aug 23rd 2445/2470 call spreads for 19.50, right before bell.

Was able to take advantage of the rally into close for a good roll, but missed fills on new put spreads earlier.

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 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 roll

#SPXcampaign Closed $SPX Aug 4th 2435/2460 call spreads for 21.50. Sold for 21.05 last Friday.
#ITMroll Sold SPX Aug 11th call spreads for 20.25.

SPX trades

#SPXcampaign
Closed $SPX July 28th 2430/2455 call spreads for 22.40. Sold last week for 19.00.
#ITMroll to SPX Aug 4th 2435/2460 call spreads for 21.05.

#RiskReversal Bought SPX July 31st 2490/2510 call spreads for 1.65
Sold July 31st 2450/2425 put spreads for 2.00

Stopped: Closed July 28th 2480/2505 call spreads for 3.55. Sold for 1.30 on June 29th. This is one of those that will explode to 10.00 if we get any rally next week. I will roll to a much safer position on Monday.

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 ITM roll sold

#SPXcampaign Sold $SPX July 28th 2430/2455 call spreads for 19.00, an #ITMroll at even money from the calls stopped for 19.00 earlier.

SPX trades

#SPXcampaign With the open clearly indicating follow-through, I stopped out of threatened call spreads and added some aggressive put spreads. I have to roll a lot, but waiting now for the upside move to stabilize.

Stopped call spreads:
Aug 4th 2475/2500 for 4.00. Sold for 1.75 on July 6th
July 26th 2450/2475 for 10.10. Sold for 4.40 on July 11th
July 21st 2425/2450 for 19.00. Sold for 14.10 on June 30th (this continues to be #ITMroll)

Put spreads sold:
July 17th 2450/2425 for 3.10
July 26th 2425/2400 for 2.30

Put spreads closed on GTC orders:
July 28th 2315/2290 for .20. Sold for 1.50 on June 29th
July 26th 2340/2315 for .20. Sold as a #Rolldown for 2.05 on June 29th

SPX ITM roll

#SPXcampaign Sold to Open $SPX July 26th 2430/2455 call spreads for 15.20, as an #ITMroll of July 19th spreads stopped this morning.

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 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 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 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 ITM roll

#SPXcampaign Bought to close $SPX July 3rd 2425/2450 call spreads for 15.20. Sold last Monday for 19.30.
#ITMroll Sold to Open SPX July 10th 2430/2455 call spreads for 15.00.

Was able to exit at 8:33 PT and then sell the roll on the bounce at 9:00 PT so I had a roughly even roll, no additional spread necessary.

SPX rolls sold

#SPXcampaign Sold to Open $SPX July 5th 2405/2380 put spreads for 2.10. This makes up for the debit in the #ITMroll made yesterday.

Sold to Open SPX July 14th 2470/2495 call spreads for 3.60. Second half of roll from call spread stopped for 6.40 on Monday.

SPX ITM roll

#SPXcampaign Yesterday, Closed $SPX June 28th 2405/2430 call spreads for 20.25. Sold last week for 20.15.
#ITMroll Sold July 5th 2410/2435 call spreads for 18.25. Will choose an additional spread to day to make up for the 2.00 roll-debit.

Also yesterday, closed on GTC order: balance of June 23rd 2465/2490 call spreads for .20. Sold for 1.80 on June 16th.

SPX trades

#SPXcampaign Sold to Open $SPX July 20th (monthlys) 2360/2335 put spreads for 1.55.

#ITMroll This is to make up for the 1.80 debit in yesterday’s roll:
Sold to Open July 3rd 2410/2385 put spreads for 1.85

SPX ITM roll

#SPXcampaign #ITMroll
Closed $SPX June 26th 2420/2445 call spreads for 21.15
Sold to Open SPX July 3rd 2425/2450 call spreads for 19.30.

I will determine how to make up for the 1.85 debit tomorrow.

SPX trade in progress

#SPXcampaign Took advantage of the post-Fed volatility to close an ITM call spread and sell an extra put spread. Looking to sell a new ITM call spread on the rally into the close.

Bought to close $SPX June 21st 2400/2425 call spreads for 20.50. Sold for 19.30 last Wednesday as an #ITMroll
Sold to Open SPX June 26th 2400/2375 put spreads for 2.00.

Order in to sell SPX June 28th 2405/2430 call spreads for the most I can get before 4:15p ET

SPX trades

#SPXcampaign #ITMroll
Bought to close $SPX June 14th 2395/2420 call spreads for 19.20. Sold for 15.80 on May 31st.
Sold to Open SPX June 21st 2400/2424 call spreads for 19.30.
Was able to close the first one at the lows of the day, then wait for the bounce to get filled on the new one, 5 points higher and for .10 more.

Also, closed June 23rd 2290/2265 put spreads for .35. Sold for 1.35 on May 23rd.

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 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 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.

#optionsexpiration

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.

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.

Other trades on Wednesday

#Earnings #Rolling #ITMroll #ContangoETFs #VXXGame
Bought to close $PANW Apr 21st 135 put for 25.50, to avoid early assignment.
Sold to Open PANW May 17th 135 put for 25.90

Sold to Open $DUST May 21st 35 calls for 1.40
Sold to Open $SVXY May 21st 90 puts for 1.95

SPX roll

#SPXcampaign Still dealing with a few #ITMroll call spreads, since our drop was not far enough or long enough. At least now they have become #ATMrolls

Bought to close $SPX Apr 7th 2365/2390 call spreads for 9.15. Sold for 8.35 last Friday.
Sold to Open SPX Apr 13th 2370/2395 call spreads for 9.30.

SPX trades

#SPXcampaign Yesterday:
Sold to Open $SPX April 10th 2320/2295 put spreads for 1.75
Bought to close Apr 7th 2255/2230 put spreads for .20. Sold for 1.35 on March 9th
Bought to close Apr 5th 2360/2335 put spreads for 6.45. Sold as #ITMroll for 9.20 on March 23rd
#ATMroll: Sold to Open Apr 12th 2350/2325 put spread for 5.50 (10 points lower)

Today:
Sold to Open SPX Apr 5th 2350/2325 put spreads for 4.50. Expires Monday.

SPX calls stopped

#SPXcampaign Bought to close $SPX March 31st 2340/2365 call spreads for 14.00. Sold yesterday for 6.00. Considering roll strategy.

Bought to close $SPX April 3rd 2350/2375 call spreads for 10.15. Sold last week for 17.10.
#ITMroll Sold to Open $SPX April 10th 2360/2385 cal spreads for 8.60. Will add another spread to make up to the roll debit.

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 trades

#SPXcampaign Since March 1st SPX high, this has been a pattern… failed rallies. At the same time, there have been buyers when we hit lows.

Bought to close $SPX March 22nd 2350/2325 put spreads for .20. Sold for 3.55 on March 10th.
Sold to Open SPX April 20th 2445/2470 call spreads for 1.35, with SPX at 2374.
Sold to Open SPX March 31st 2355/2380 call spreads for 16.75. #ITMroll for spread that was stopped on Friday.

SPX trades

#SPXcampaign Bought to close $SPX March 31st 2250/2225 put spreads for .20. Sold for 1.35 on Feb 27th.
Bought to close SPX March 27th 2345/2370 call spreads for 21.35. Sold as an #ITMRoll for 18.50 on March 15th. Looking to sell a replacement for April 3rd expiry.
Sold to Open SPX March 27th 2330/2355/2390/2415 iron condors for 5.20, with SPX at 2377.

Chart update coming later today.

SPX trades, chart updated

#SPXcampaign
Two rolls sold yesterday near the close:
Sold to Open $SPX March 22 2395/2420 call spreads for 2.20
Sold to Open $SPX March 29th 2355/2380 call spreads for 18.50 #ITMRoll

Today:
Sold to Open $SPX April 13th 2300/2275 put spreads for 1.40, with SPX at 2379.

SPX trades, and Chart is updated

**BE SURE to click “Home/REFRESH” (above) periodically to make sure feature in the right hand column of the site remain updated.

#SPXcampaign trades from afternoon yesterday:
Bought to close $SPX March 20th 2320/2295 put spreads for .20. Sold for 1.60 on March 7th.
Bought to close SPX March 22nd 2345/2370 ITM call spread for 22.40. Sold for 15.50 on March 8th.
Partial Roll: Sold to open March 29th 2360/2335 put spreads for 3.25. Looking for a call spread #ITMroll today.
STOPPED: Bought to close SPX March 16th 2390/2415 call spreads for 2.91. Sold for 2.50 on March 8th.

This morning:
Sold to Open SPX April 13th 2455/2480 call spreads for 1.30, when SPX was at 2386.

I was expecting more strength today, but with the downward move I got stuck closing call spreads at the top yesterday.

SPX chart updated

See all current positions on the chart to the right.

#SPXcampaign Sold to Open $SPX March 27th 2345/2370 call spreads for 18.50, #ITMroll from spread I stopped on Monday.

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.