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)
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%
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!
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.
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
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.