SPX expired

#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.

SPX trades

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 long calls sold

#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.

SPX long calls sold

#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.

SPX more trades

#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.

SPX trades

#SPXcampaign I am selling this rally, even though its strength is unusual for the day after a warning. It is certainly true that the Downside Warning can represent an SPX bottom, so I’m being cautious and ready to manage call spreads if the rally continues.

#RiskReversal: Wish I’d waited to enter this one, but oh well. This was entered at the open and meant to take advantage of possible strong moves down today or tomorrow.
Bought SPX May 24th 2300/2275 put spreads for 2.20
Sold SPX May 24th 2385/2410 call spreads for 2.60

Stopped: SPX Jun 9th 2290/2265 put spreads for 2.80 (this hit my 3.00 stop)
#ReverseRoll Sold SPX May 19th 2370/2395 call spreads for 3.20. Expires Friday afternoon, unless I have to roll it.

Sold to Open $SPX June 15th 2430/2455 call spreads for 1.85, with SPX at 2366.

Taking partial profit

#SPXcampaign #RiskReversal

Sold half of my long $SPX call spreads for 5/22. Leaving the other half plus the full position for 5/26 for potentially higher SPX this week.

Sold (half) SPX May 22nd 2410/2435 call spreads for 3.30. Bought for 4.75 on 5/5, but net cost was zero given I sold the put spread for 4.80.