#SPX0dte After 8 days straight of Expected Move getting hit, I’m throwing in the towel and getting directional. Although it is downside that was most tested, I think we bottomed on Friday and now will recover to new highs. So I’m trying a bullish #RiskReversal. This condor would have gotten me about 1.10 had I sold both sides.
Sold to open $SPX Aug 7th 6315/6295 puts, delta -.07
Bought to open 6430/6450 calls, delta -.05
Total CREDIT +.20
IV 19.30%
#SPX0dte Sitting on my hands for now. Have been trying to sell call spread on any bounce, but not getting a chance. Missed my fill in pre market. Given this week’s pattern of fading after the open I was not going to sell a put spread today. Upside Warning is canceled. Downside one will take effect with $VIX close over 19.34.
#SPX0dte #riskreversal
Sold to Open $SPX July 28th 6360/6340 put spreads, delta -.08
Bought to Open 6440/6460 call spreads, delta +.04
Net CREDIT 0.15
IV 13.76%
After five straight positive gains and the potential for a TACO trade as August 1st tariffs loom, I am going for a bullish Risk/Reversal. Additionally, futures have come down 20 points and that lately has meant a rising SPX in trading hours.
#SPX0dte #RiskReversal
Sold July 10th 6210/6190 put spreads, delta -.09
Bought July 10th 6300/6320 call spreads, delta +.05
IV 16.34%
Total CREDIT +.30
May have missed my chance at this move yesterday, but since we pulled back from highs on futures I don’t want to sell the call side here.
#SPX0dte #riskreversal
Sold $SPX Mar 10th 5810/5830 call spreads, delta +.06
Bought SPX Mar 10th 5565/5545 put spreads, delta -.05
Net CREDIT +.20
#SPX0dte Third day trying bearish #RiskReversal. 1st day was small win, 2nd was smaller loss. Looking for a medium size profit here, not waiting for ITM puts
Sold $SPX Mar 6th 5875/5895 calls, delta +.06
Bought SPX Mar 6th 5650/5630 puts, delta -.08
IV 48.71%
Net DEBIT -.20
#SPX0dte Another #RiskReversal for downside fun…
Sold to Open $SPX Mar 5 5890/5910 call spreads, delta +.07
Bought to open SPX Mar 5th 5640/5620 put spreads, delta -.06
IV 51.87%
Net CREDIT +.40
Won’t hold this for too long, looking for a move in first 30 minutes or I’ll bail.
#SPX0dte Entered a #RiskReversal for further downside.
Sold $SPX Mar 4th 5900/5920 call spreads. delta +.06
Bought SPX Mar 4th 5690/5670 put spreads. delta -.10
IV 48.97%
Net CREDIT +.30.
Not normal to get a credit when deltas favor the long side, but I will take it.
#SPX0dte Sold to Open $SPX Jan 17th 5895/5915-6040/6060 condors for 1.05, IV 23.41, deltas -.06 +.05
#SPX0dte Sold to Open $SPX Dec 24th 5915/5935-6020/6040 condors for .95, IV 15.78%, deltas -.08 +.05
#SPX0dte After a week of wild swings and all-time highs, I think today’s market has a chance of bouncing from this overnight dip. Going with a #riskreversal
Sold to open $SPX Jun 14th 5350/5330 put spreads, delta -.07
Bought to open Jun 14th 5450/5465 call spreads, delta +.10
Total DEBIT -.30
Not looking for an ITM expiration; just 2 to 4 dollars on the intraday high.
Later I will share a new overnight trade I’ve been testing. Of course, after 8 straight days of testing success, my first day trying it live was a loss (due to this morning’s pre-market pullback). Seems to befall me every time I first switch from test to live!
#SPX0dte Sold to Open $SPX May 29th 5245/5275-5280/5310 condors for 15.80, IV 17.88%, at 8:26 ET
#RiskReversal At the close yesterday, I felt that we’d had an outsized intraday countertrend move that wouldn’t follow through. I think we will remain at these levels or go higher at least until June 7th, when we get next monthly jobs report, followed by both a CPI report and Fed decision the following week.
So, at the close…
Sold to Open $SPX May 29th 5160/5140 puts spreads
Bought to Open May 29th 5360/5380 call spreads
Net CREDIT +0.15
#SPX0dte Sold to Open $SPX May 9th 5155/5185-5190/5220 condors for 13.829, IV 16.03%, at 8:46 ET
#SPX0dte No new trade yet but I did pay to close short put side of May 10th #RiskReversal for .30. Not really threatened, but wanted to clear risk so I can enter a new one.
#RiskReversal Taking the lowered $VIX as a sign of a move to new all-time highs. This one is tighter than I usually go on risk reversals, and I’m doing that because the vast majority of these expire worthless on both sides, but usually do result in some move toward the long side and no threat to short side.
Sold to Open May 10th 5050/5030 put spreads, delta -.10
Bought to Open May 10th 5240/5260 call spreads, delta +.07
Total CREDIT +.10
#SPX0dte Sold to Open $SPX Apr 18th 4940/4960-5095/5115 condors for 1.40, IV 28.51%, deltas -.06 +.06
#RiskReversal Taking a shot at a bearish trade and that this turns into a meaningful correction.
Sold to open $SPX Apr 22nd 5230/5250 call spreads, delta +.04
Bought to open Apr 22nd 4855/4835 put spreads, delta -.06
Net DEBIT -.10
#SPX1dte Sold to Open $SPX Jan 19th 4750/4730 put spreads for .50, delta -.08, IV 20.6%
I will be able to see my long Jan 19th 4845/4865 call spreads for at least some profit today. Looking for another spike up to sell first half. I will also look to sell a higher call spread at that point.
#SPX1dte Sold to Open $SPX Jan 17th 4680/4700-4790/4810 condors for 1.05, deltas -.06 +.06, IV 20%
#SPX1dte STOPPED Bought to close $SPX Jan 16th 4730/4710 put spreads for 1.70. Condors sold Friday for 1.05.
May be only second or third time I have ever gotten up two hours early because I rolled over in bed to check futures on my phone. Last January being down 27 points on SPX was not a worry, but with this year’s tighter spreads it is the stopping point. Stop was touched soon after midnight PT.
I’ll be back at normal waking hours to look for a new condor sale.
#SPX1dte. Whipsaw week so far. Stopped out before the open on put side for 2.70.
#SPX1dte Unable to sell any puts as market just ran. Profit is availabe on the #RiskReversal I sold yesterday… gonna try to pick a top.
#SPX1dte #RiskReversal
Sold to Open $SPX Dec 13th (next day) 4520/4500 put spreads
Bought to Open Dec 13th 4700/4720 call spreads
Net DEBIT .50
I will hold this until after Fed press conference tomorrow, in case ultimate market reaction is bullish
#SPX1dte Sold to Open $SPX Dec 4th 4525/4545-4620/4640 condors for 1.15, deltas -.07 +.07, IV 18%
#SPX1dte Sokd to Open $SPX 4515/4535-4610/4630 condors for .65, deltas -.06 +.05, IV 20.2%
Waited until Powell finished remarks and for Q&A to begin. Went with less aggressive deltas, so I have less chance of stepping in sh*t on a Friday.
#SPX1dte Sold partial of $SPX Nov 29th 4590/4610 call spreads for 3.00. Bought yesterday for .30.
Overnight rally came through. Now bouncing around after GDP numbers came in a bit above estimates and some yapping from Fed members.
#SPX1dte Going for another #RiskReversal. If it doesn’t pull through I will sell a lower call spread.
Sold to Open $SPX Nov 17th 4475/4455 put spreads, delta -.08
Bought to Open Nov 17th 4565/4585 call spreads, delta +.04
Net CREDIT .10
#SPX1dte Super late to game but with retail sales number coming and already strong $TGT earnings, going with bullish #riskreversal…
Sold $SPX Nov 15th 4460/4440 put spreads, delta -.08
Bought 4570/4590 call spread, delta +.05
Net CREDIT .05
#SPX1dte Just before close yesterday I did a bullish #RiskReversal, since reaction to Fed decision was positve.
Sold to Open $SPX Nov 2nd 4175/4155 put spreads
Bought to Open Nov 2nd 4300/4320 call spreads
Net CREDIT +0.25
This morning the call spread is doing well, and I’ll wait until after open to see if we can kick higher. I will also probably roll up the put spread.
#SPX1dte Closed put side for 2.00. I was trying to close for safety before my stop was hit but wasn’t aggressive enough so never got filled. So instead my stop gets hit and I take a loss. Very tough week but I’m still a bit positive. I may try to sell an aggressive call spread, but a bounce could occur at any time.
#SPX1dte Earlier, Bought to close half of the #RiskReversal put side. Stop not hit yet, but since this is a double position I want to reduce risk while it is cheaper to do so.
BTC $SPX Sep 28th 4250/4230 put spreads for 1.30. Trade entered for a .30 debit on Tuesday.
No trade for today yet. Gun shy after yesterday’s misfire.
Possibly the worst “Upside” Warning since 2001. I’ll write a post about it later today.
#SPX1dte #RiskReversal Inspires by Matt’s trade from yesterday, I used his expiration date but a little narrower on the strikes.
Sold $SPX Sep 28th 4250/4230 put spreads
Bought Sep 28th 4580/4600 call spreads
Net debit -0.25
Double-sized position.
#SPX1dte Bought to close $SPX Sept 8th 4390/4370 put spreads for .50. This is part of the #RiskReversal I placed last Friday for a -.10 debit. The long call side is failing, but I’m at downside risk on the put side so I took off HALF of the put position. I will leave the other half to either expire or get stopped out (this trade is double the size of my normal size).
#SPX1dte #RiskReversal
Sold to Open $SPX Sept 8th 4390/4370 put spreads
Bought to open Sept 8th 4620/4640 call spreads
Total DEBIT is -0.10. This is a double-sized position
#SPX1dte Sold to Open $SPX Aug 1st 4510/4530-4610/4630 condors for .95, deltas -.05 +.07, IV 19.1%
#SPX1dte #RiskReversal I can’t see a strong reason for yesterday’s dip, and with $VIX resuming its downward trend this morning, it’s possible the Upside Warning is still strong.
Sold to Open $SPX Aug 2nd 4465/4445 put spreads
Bought to Open Aug 2nd 4650/4670 call spreads
Total DEBIT -.25
#SPX1dte I don’t see a strong reason for the rally to stop… we hit new 15-month highs yesterday and next resistance would be the $SPX April 2022 high of 4637. So I’m trying to enter an aggressive same-day #RiskReversal but want the futures to dip down to 4586 (symbol: /ES). Since it ain’t happening, I will likely wait for the open and look for SPX to take a small spike down and try the fill then.
Trade is
Selling 4530/4510 put spreads
Buying 4590/4610 call spreads
Net credit will be 50 to 60 cents. That put spread is pretty close to money so it is aggressive.
#SPX1dte Sold last HALF of #RiskReversal long for 4.78 (legged out): $SPX Jun 30th 4455/4475 call spreads. Entered for -.20 debit last Friday. Sold first half for measly .60 yesterday, not thinking we’d be here today. Short put spread expiring worthless.
It does rescue my week from being a loss, now a small profit.
…switch back to shorts. I’m always off on timing. Today we get the rip higher I was expecting this week, but only after I threw in the towel.
Bought to close $SPX Jun 30th 4445/4465 call spreads for 3.70. Condors sold yesterday for 1.05.
My only hope now is the second half of my 4455/4475 LONG call spread. This is 10 points higher than the one I just closed, so I’m rooting for a super rip of a day so I can recoup the loss.
#SPX1dte Sold to close HALF of #RiskReversal I entered last Friday: $SPX Jun 30th 4455/4475 call spreads for .60. R/R entered for -0.20 debit.
#SPX1dte Sold to close HALF of position: $SPX Jun 27th 4380/4400 call spreads for 2.00. Condors bought yesterday for .85. Holding second half to see if I can grab a juicier price.
#SPX1dte Since these are so cheap I’m adding another #RiskReversal, since with Upside Warning and declining $VIX, I’m less concerned with a correction coming in the next week (although it is still entirely possible, in which case I will stop out of put side).
Sold to Open $SPX Jun 30th 4250/4230 put spreads
Bought to Open Jun 30th 4455/4475 call spreads
Net DEBIT -0.25
#SPX1dte #RiskReversal Sold to close HALF of position: $SPX Jun 23rd 4450/4470 call spreads for 5.00. Risk reversals entered last Friday for -.30 debit. Saving second half at least into tomorrow, possibly for next week.
#SPX1dte Sold to close HALF of position: $SPX June 16th 4450/4470 call spreads for 1.20. #RiskReversal entered on June 5th for -.30 debit. I’ll make a decision later today on how long to hold second half, since this expires Friday.
I have the same long spread for June 23rd expiry, also a R/R entered for -.30 debit. Currently trading at +2.50, so I’ll give it room to grow.
#SPX1dte. Bought to close call side for 1.30. Stop not yet hit when I closed this, but I’m not letting a Friday ruin a good week. $TICK has been below zero most of the day but $VIX dropping and $SPX moving higher. This may be the start of the rally we’ve been waiting for.
Looking to enter a couple more bullish positions, maybe another put spread for today and another long term #RiskReversal since the one I bought on Monday is fizzling out.
#SPX1dte After losing the week’s profits yesterday on the rip higher, I’m taking a shot today that the jobs report will release us to go even higher, now that debt ceiling is resolved. Went with #RiskReversal for upside.
Sold to Open $SPX June 2nd 4185/4165 put spreads
Bought to open $SPX June 2nd 4285/4305 call spreads
Total DEBIT -0.15
deltas -.07 +.05
#SPX1dte #RiskReversal Yesterday we got our first $VIX close of three needed to trigger a new Upside Warning. So after getting stopped out of short call spread at the close, I am going bullish today.
Sold to Open $SPX May 19th 4175/4155 put spread for 1.15
Bought to open May 19th 4245/4265 call spreads for .95
Net credit: +.20
Looking to sell the first half for around 2.00 and then wait to see what happens for second half.
If I am wrong, then put side stop is currently at 4198.
#SPX1dte #RiskReversal Definitely late to game but I think we will go higher into close.
Sold $SPX Oct 18th 3675/3655 put spreads
Bought Oct 18th 3815/3835 call spreads
Net CREDIT +.05
Deltas -.07 +.07
#SPX1dte #RiskReversal Bullish into tomorrow, so playing for more upside. When SPX at 3668:
Sold to Open $SPX Oct 14th 3550/3530 put spreads, delta -.07
Bought to Open $SPX Oct 14th 3785/3805 call spreads, delta +.05
Wow. Perfect day for a #RiskReversal. Definitely should have known…. but Friday being flat made me think the upward move would be limited. Nothing to do but take the loss, with slim hope for some intraday reversal.
#SPX1dte Sold to Open $SPX Aug 10th 3255/3275-3395/3415 condors for 1.10, with SPX at 3350. IV 11.24%, ∆ -.06,+.06
Expiring: Aug 7th #RiskReversal 3290/3270 put credits spreads & 3390/3405 call debit spreads. Keeping credit of .20.
#SPX1dte Since we have another #Jobs report tomorrow I’m going with a #RiskReversal for the upside.
Sold to Open $SPX Aug 7th 3290/3270 put spreads
Bought to Open Aug 7th 3390/3405 call spreads
Total credit: .20
IV: 16.27%, short put ∆ -.10, long call ∆ +.05
#SPX7dteLong Bought to Open $SPX June 27th 3225/3245-3255/3275 condors for 16.75, with SPX close at 3251.
Expired with max 20.00 credit: June 20th 3190/3210 call spreads. Condors bought for 17.40 last Monday.
#SPX1dte #RiskReversal expired worthless, keeping .35 credit from Friday.
#SPX1dte #RiskReversal for Monday. Placed as one trade with SPX at 3229, IV 13.7%, total credit: .35. Aggressive positioning based on Upside Warning:
Sold $SPX July 20th 3185/3165 put spreads for 2.07, ∆ -.17
Bought $SPX July 20th 3270/3285 call spreads for 1.72, ∆ +.14
Expiring: July 17th 3115/3135-3270/3285 condors, sold yesterday for 1.15.
#Earnings Also expiring, $NFLX July 17th 460/465-590/595 condors, sold yesterday for 1.446
#SPX7dteLong $SPX July 6th 3045/3065 call spread expired with full credit of 20.00. Condors bought last Monday for 18.05. I wasn’t able to place one for next Monday; will do it tomorrow.
#SPX1dte July 6th 3060/3040 put credit and 3215/3235 call debit #RiskReversal expired with no additional profit… keeping the .30 credit that I placed it for on Friday.
#SPX7dte Bought to Open $SPX July 10th 3125/3145-3155/3175 condors for 17.00, with SPX at 3148.
#SPX1dte #RiskReversal – going for a bullish trade given the low $VIX
Sold $SPX June 6th 3060/3040 put spreads for .80
Bought $SPX June 6th 3215/3235 call spreads for .50
Placed as one trade for .30 credit. IV 14%, SPX 3141, put short delta -.09, call long delta +.04
Expiring: June 2nd 3190/3210 call spreads, sold this morning for 1.20.
#SPX1dte Playing for more upside on Monday with #RiskReversal. Placed as one trade:
Sold to Open $SPX June 8th 3130/3110 put spreads for .81
Bought to Open $SPX June 8th 3260/3280 call spreads for .51.
Net credit .30
#SPX1dte Okay, so I’m taking a shot that this weakness it temporary and bullish trend will continue this week.
Sold to open $SPX Jan 17th 3250/3225 put spreads for 1.90.
Bought to open $SPX Jan 17th 3315/3330 call spreads for 1.60.
I’m not going to look for my call spread to become ITM… just any modest increase in price will be good enough to close it.
#SPX1dte Took a .10 debit to place this bullish #RiskReversal for Monday:
Sold $SPX Jan 13th 3240/3220 put spread for .70.
Bought $SPX Jan 13th 3290/3305 call spreads for .80
Expiring:
Jan 10th 3235/3210 put spreads, sold yesterday for .70
#SPX1dte I think we’re on our way up, folks. Barring some major event, Upside Warning should fire on Friday, and should lead to a follow through to at least 3040 over the next week or two.
#RiskReversal
Sold $SPX July 12th 2970/2945 put spreads for 3.90.
Bought $SPX July 12th 3025/3035 LONG call spreads for 1.80
#SPX1dte Major suckage… Stopped $SPX March 4th 2770/2750 put spread for 4.60. What started as a brilliant #RiskReversal turned out to be my biggest loser since December (about 3.00 loss, after all accounted for).
To be expected once you get comfortable allowing spreads to expire. The first time volatility comes back it will take a bite.
#SPX1dte #RiskReversal Sold first batch of $SPX March 4th 2820/2830 LONG call spreads for 2.40. Bought for .45 on Friday (and financed by short put spreads sold for .75). Index not looking too strong so I may have to bail with the rest soon.
Good riddance to trading in 2018. I survived but given the SVXY melt down in Feb. and the last 3 months did not make any money, in fact flat for the year at the same levels I dropped to in Feb. Some accounts up a little, some down but the total portfolio basically flat.
However, as much as I thought I knew I learned a lot more, thanks to a lot of people on this site.
Some fairly decent changes and adjustmentswill be made to my trading for next year. The biggest changes will be changing my directional bias early, always keeping a portfolio hedge (but not until VIX drops and options are cheaper) and bringing in more income with proven strategies.
You will see a lot more #lizardpies using either straddles or strangles depending on the ticker, #unhingedfuzzies, #spycraft will be resurrected but with a hard rule for adjustments based on deltas/gamma, and a lot more synthetic trades to capture directional moves. This may include #riskreversal or outright #synthetics.
Cheers to a new year, new opportunities, and the collective ideas of the group making us all more successful traders!
Chris
SPX #UOA
Here’s one to just keep tabs on for fun. Yesterday Trader bought an opening #RiskReversal Selling June 2475 puts @33.50 x 5000 contracts to buy June 2775 calls @33.75 x 5000 contracts. This morning Trader is up $1,400,000 (pre-market mid)
LMT #SuperBull
The folks at CMLViz (geniuses) have done a big rework of the Squeeze. They use different settings, which I’ve come really close to replicating on charts (change your “length to 12, nk to 1.9”). They also have all new rules for entering trades on bull fires (day one green dot needs to close 1% above last red-dot day or no entry). Using the new settings there is an entry today for an LMT long. See the study link below. This is a way more directional trade than I usually take, and also the first time I’m testing their new entry parameters. I call anything that is long/long a SuperBull (Pete from TT coined it I think). But could also consider it a #RiskReversal.
Dec 15 BuCS 320/322.5 for 1.20 debit
Dec 15 BuPS 315/310 for .87 credit
Target and Stop both at 40%
http://tm.cmlviz.com/index.php?share_key=20171130172847_Z37vl0JWrWrxl44g
#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!
#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.
#SPXcampaign Making several moves to bear myself up.
Sold to Open $SPX Sep 13th 2465/2490 call spreads for 7.65. This is a spread I sold Tuesday, covered yesterday, and now I’m selling again. Sounds nuts, but I really look at opportunities on a day to day basis. Each day told me something different in this uncertain market. Other than the commissions, I have no qualms about appearing erratic at times.
#RiskReversal Bought put spreads in two different expiries and sold one call spread to cover cost of both (almost). They are all different widths, based on what I expect to be able to profit, and what premium I want to spend.
Bought to open Sep 15th 2420/2405 put spreads for 1.25 (15 puts)
Bought to open Sep 29th 2400/2380 put spreads for 1.90 (20 puts)
Sold to Open Sep 29th 2500/2525 call spreads for 2.75 (25 puts)
#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
#OptionsExpiration #SPXcampaign #RiskReversal
This expired Monday, unsuccessful long but nonetheless a small profit since the put spread was sold for a higher amount.
$SPX July 31st 2490/2510 long call spreads, bought for 1.65 on July 21st.
$SPX July 31st 2450/2425 short put spreads, sold for 2.00 on July 21st.
#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.
#SPXcampaign Sold the second half of my long call spread, July 21st 2465/2485 spreads for 7.50. Bought for 2.65 last Thursday, with #RiskReversal so cost basis was zero. To take off all risk, closing the put-spread half of the risk-reversal, too:
Bought to close July 21st 2435/2410 put spreads for .30. Sold last Thursday for 2.95.
#SPXcampaign Closed half of long calls bought yesterday in #RiskReversal
Sold to Close $SPX July 21st 2465/2485 call spreads for 4.75. Bought yesterday for 2.65, when I also sold the July 21st 2435/2410 put spreads for 2.95. I’m letting the put spread devalue more before closing. I will hold the second half of the longs for possible continued move higher on Monday.
#SPXcampaign
#RiskReversal — this is meant to take advantage of the up move overnight and/or Monday-Tuesday.
Bought to open $SPX July 21st 2465/2485 call spreads for 2.65.
Sold to Open $SPX July 21st 2435/2410 put spreads for 2.95.
Also, stopped out on $SPX July 14th 2440/2465 call spreads for 9.35. Sold for 5.30 on June 29th. Will work on a roll for this tomorrow.
Options Bistro 