#SPX1-dte Two extra roll spreads closed:
BTC $SPX June 5th 2700/2675 put spread for .25. Sold for 2.70 last Wednesday.
BTC $SPX June 7th 2675/2650 put spreads for .60. Sold yesterday for 3.10.
June 7th call spread at 2810 under pressure, but not too worries yet. This is a bear trend rally; at least until it isn’t.
#SPX1-dte As another short term trade, replacing call spreads closed Friday,
Sold $SPX March 17th (weeklys) 2890/2915 call spreads for 2.95.
Also, closed today’s 2790/2770 put spreads for .30. Hovering between 1.00 and 4.00 all day, finally got out. I had to close the call spread at Friday’s close, unfortunately; it would not have been a concern today!
#SPX1-dte Sold $SPX Apr 24th 2900/2875 put spreads for 6.95. Aggressive ATM position in response to minor upside warning that fired Friday. If index has not moved higher by Wednesday, I will consider rolling.
(IV 10%, SPX: 2903)
BTC SPX Feb27 2845/2850 BeCS @ .05 x2. STO @ .35 x2. $60 profit
BTC SPX Feb27 2825/2830 BeCS @ .05 x4. STO @ .35 x4. $120 profit
BTC SPX Feb27 2755/2750 BuPS @ .05 x2. STO @ .25 x2. $40 profit
BTC SPX Feb27 2765/2760 BuPS @ .05 x2. STO @ .25 x2. $40 profit
Total profit $280
Sold Feb15 2690/2685 BuPS @ .30 x2. Based on 2730 support and Theo gravity level.
Sold Feb15 2700/2695 BuPS @ .35 x4, .30×2. Based on Tide and MACD.
Sold Feb15 2775/2780 BeCS @ .25 x2, .35 x2, .45 x2. Call shorts are tight but market showing some weakness
Sold Feb15 2785/2790 BeCS @ .25 x2
Done for today. Total credit $510.
Closing trades: Closed BuPS .05 x8. Closed 2785/2890 BeCS @ .05. Closed 2775/2780 ccs @.90×2 and .60×4.
Profit $290 before commissions. Twas a serious nail biter.
Sold Feb14 IC (monthly) 2790/2795/2720/2715 @.50 x2
2/14 update: Closed call spreads for .05 and put spreads for .10. Total profit $70.
Building an SPX Feb13 IC position today. Will keep tabs on it here.
Sold Feb13 2760/2765 BeCS @ .50 x1
Sold Feb13 2760/2765 BeCS @ .45 x2
Sold Feb13 2695/2690 BuPS @ .25 x2
Sold Feb13 2705/2700 BuPS @ .25 x2
Sold Feb13 2765/2775 BeCS @ .30 x1. Converted one of the 2760/2765 to 10w for .30 credit.
Sold Feb13 2715/2710 BuPS @ .30 x2
Total credit $380.
Will let you know how it closes tomorrow. May have to buy back a short call or two.
When all was said and done, I lost $419 on this batch of spreads. I bought back the 2760 calls on a breach early in the morning. It dropped soon after and never went ITM again. These trades continue to make the case for price staying within EM most of the time. Gotta stick to my rules of adjusting on a breach. Only lost about one day’s profits. Back to work tomorrow.