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 calls closed

#SPXcampaign Sold these only yesterday, but no reason to sit and watch them go further in the hole. Based on today’s action I’m expecting more upside next week so I’m not letting call spreads ride.

Closed $SPX Dec 18th 2640/2665 call spreads for 12.40. Sold yesterday for 8.75.
#ReverseRoll Sold Dec 20th 2660/2635 put spreads for 10.55. I’ll add another put spread later to make up difference.

Closed on GTC order:
Dec 22nd 2510/2485 put spreads for .20. Sold for 1.45 on Nov 22nd.

Futures UP

#Markets #SPXcampaign Jobs report surging the markets higher. If the day remains positive and VIX drops, we are setting up for a new Upside Warning next week. This could mean a rally toward 2700 into the end of the month, which is typical for December. I’ll be watching to once again #ReverseRoll call spreads and get long.

SPX puts closed

#SPXcampaign Closed on GTC order earlier:
$SPX Dec 8th 2585/2555 for .30. Sold for 4.00 as a #ReverseRoll

The Dec 29th 2710/2735 call spread I sold Friday for 1.50 opened today over 3.50. It is now 1.70. I think I will let live to see another day rather than stopping it. If we go negative I will sell a new put spread.

SPX trades

#SPXcampaign I’m resuming selling call spreads as the upside move is likely at least slowing if not consolidating. That said, I will later be rolling the OTM call spread I sold Friday.

Sold to Open Jan 5th 2740/2765 call spreads for 1.50.

Closed on GTC order:
SPX Dec 14th 2485/2460 put spreads for .20. Sold for 1.50 on Nov 14th.


McCain bump?

#SPXcampaign He just signaled he will vote “yes,” so higher we go. My only remaining call spread jumped quickly past my stop.

Stopped $SPX Dec 29th 2595/2720 call spreads for 4.20. Sold for 1.50 2 days ago.
#ReverseRoll Sold Dec 6th 2640/2615 put spreads for 6.50.

Wish I had more long spreads. As of now, I have one and a half positions completely ITM.


#BullPutSpreads – Closing a position that I’m very happy to be out of with a profit. This was a #ReverseRoll of some short calls that were in trouble some time ago. Tired of looking at it as well…LOL

Bought SVXY JAN 19 2018 105.0/95.0 Bull Put Spreads @ 2.40 (sold for 3.15)

These were 10 wide but still holding some that are 5 wide that wouldn’t bother me if they got in trouble since they’re a lot lower risk which were also reverse rolls… (100/95 @ 3.60)