#SPX7dteLong Bought to Open $SPX July 29th 3240/3260-3270/3290 condors for 16.95, with SPX at 3268.
Expiring: July 22nd 3230/3250 call spreads for max credit of 20.00. Condors bought last Wednesday for 17.40.
#SPX1dte Expiring: July 22nd 3165/3185-3310/3330 condors, sold yesterday for 1.10.
#SPX1dte Sold to Open $SPX July 22nd 3165/3185-3310/3330 condors for 1.10, IV: 17.19%, SPX 3257, deltas: -.06, +.06
#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
#SPX1dte Sold to Open $SPX July 17th (PM) 3110/3130-3275/3295 condors for 1.15, IV 20.2%, SPX 3211, ∆ -.06,+.05
#SPX1dte Bought to close $SPX July 15th 3255/3275 call spreads for 3.00. Condors sold for 1.00 yesterday, but stop was hit this morning.
#SPX1dte Sold to Open $SPX July 15th 3080/3100-3255/3275 condors for 1.00, IV 21.25%, SPX 3198 (close), deltas -.05, +.06. Filled three minutes after the closing bell.
#SPX1dte I didn’t place a trade for Monday. I was actually trying to place another bullish #Risk Reversal but couldn’t get filled before time ran out.
Expiring: $SPX June 10th 3055/3075-3215/3235 condors, sold yesterday for 1.40.
#SPX7dteLong Expiring at full 20.00 credit: June 10th 3155/3175 calls spread. Condors bought for 17.00 on June 2nd. Closed today for 20.50, total credit.
#SPX1dte Sold to Open $SPX July 10th 3055/3075-3215/3235 condors for 1.35, IV 20%, SPX 3152, ∆ -.07, +.06
#SPX7dteLong Bought to Open $SPX July 15th 3140/3160-3170/3190 condors for 17.20, with SPX at 3167.
Wasn’t filled on trying to sell my put side on the lows…. I called the pullback but thought it would go a bit deeper.
#SPX1dte Expiring: July 8th 3045/3065-3205/3225 condors, sold yesterday for 1.10.
#SPX1dte Sold to Open $SPX July 8th 3045/3065-3205/3225 condors for 1.10, IV 19%, SPX 3047, deltas -.04, +.06
#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 Sold to Open $SPX July 2nd 3190/3210 call spreads for 1.20, with SPX at 3160. Same day trade meant to expire worthless in a few hours.
#SPX7dteLong Bought to Open $SPX July 8th 3100/3120-3130/3150 condors for 17.10, with SPX at 3124.
Expiring: July 1st 3070/3090 call spreads for 20.00. Sold put side this morning for .80.
July 2nd call side sold this morning for 18.50. Not filled on attempts to sell put side; will see if high IV around the jobs report in the morning can get me some premium.
#SPX1dte Bought to close $SPX June 30th 3105 calls for .50. Talk about blind side… exited this AFTER its run up to 3111. Condors sold yesterday for 1.15
Sold to open $SPX July 1st 3005/3025-3170/3190 condors for 1.20. IV 20.7%, SPX 3105, deltas -.06, +.06.
#SPX7dteLong Bought to Open $SPX July 6th 3015/3035-3045/3065 condors for 18.05, with SPX at 3043
Expiring: June 29th 3100/3080 put spreads for max credit of 20.00. Condors bought last Monday for 18.05.
#SPX1dte Sold to Open $SPX June 30th 2935/2955-3105/3125 condors for 1.15, IV 22.1%, SPX 3042, deltas: -.06, +.06
Expiring: June 29th 2870/2890-3100/3120 condors, sold Friday for 1.20
#SPX1dte Sold to Open $SPX June 29th 2870/2890-3100/3120 condors for 1.20, IV 21.4%, SPX 3013, deltas: -.05, +.05.
Expiring: June 26th 2965/2985-3150/3170 condors, sold yesterday for 1.30.
#SPX1dte Sold to Open $SPX June 26th 2965/2985-3150/3170 condors for 1.30, IV 25%, SPX 3078, deltas -.06, +.06.
#SPX1dte Bought to close $SPX June 24th 3055/3035 put spreads for 2.00. Condors sold for 1.40 yesterday. Expected-move stop was hit at 3084.
#SPX1dte Sold to Open $SPX June 24th 3035/3055-3205/3225 condors for 1.40, IV 22.2%, SPX 3139, deltas -.06, +.06.
#SPX7dteLong Bought to Open $SPX June 29th 3080/3100-3110/3130 Condors for 18.05, with SPX at 3108.
Expiring: June 22nd 3060/3080 call spreads for maximum 20.00. Condors bought last Monday for 18.35.
#SPX1dte Expiring: June 22nd 2960/2980-3195/3215 condors, sold Friday for 1.30
#SPX1dte Sold to Open $SPX June 22nd 2960/2980-3195/3215 condors for 1.30
Expired: June 19th 2985/3005-3185/3205 condors, sold Thursday for 1.15
#SPX7dteLong Sold to close $SPX June 22nd put side for .20. Call side previously closed for 18.00. Condors bought for 18.40, so .20 loss.
Bought to Open $SPX June 26th 3090/3110-3120/3140 condors for 18.15.
#SPX1dte Sold to Open $SPX June 19th 2985/3005-3185/3205 condors for 1.15, IV 26%, SPX 3106, deltas -.06, +.06
#SPX7dteLong Bought to Open $SPX June 24th 3090/3110-3120/3140 condors for 18.55. I tried legging in but it didn’t help the pretty high premium on this, due volatility the last hour. Only partially filled on the call side so I will try to add the last contracts tomorrow.
#SPX1dte Expired: June 17th 2975/2995-3225/3245 condors, sold yesterday for 1.45.
#SPX1dte Sold to open $SPX June 17th 2975/2995-3225/3245 condors for 1.45, IV 32.9%, SPX 3114, deltas -.06, +.05
#SPX7dteLong Bought to Open $SPX June 19th 3000/3020-3030/3050 condors for 18.40, with SPX at 3017.
#SPX7dteLong Missed my chance for small profit yesterday and instead sold to close $SPX June 12th 3200/3220 call spreads this morning for 1.20. Bought for 9.30 last Friday. As I commented then, throwing in the towel on the relentless bull run probably would mark the top.
I am skipping the #SPX1dte for tomorrow. Premium is not high enough for the risk.
#SPX7dteLong Bought to Open $SPX June 17th 3180/3200-3210/3230 condors for 17.35, with SPX at 3207.
Expiring: June 10th 3100/3120-3130/3150 condors, max profit of 20.00 on call side. Bought for 17.10 last Wednesday.
#SPX1dte Expiring: June 10th 3100/3120-3285/3305 condors, sold yesterday for 1.10.
#SPX1dte Sold to Open $SPX June 10th 3100/3120-3285/3305 condors for 1.10, IV: 22.25%, SPX 3209, deltas -.06, +.05.
#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
#SPX7dteLong GTC order filled in pre-market: Sold to close $SPX June 8th 3060/3080 call spreads for 19.20. Will try to get a few cents for put side today. Condors bought for 17.50 on Monday.
#SPX1dte STOPPED: BTC $SPX June 5th 3160/3180 call spreads for 6.75. Condors sold for 1.05 yesterday. Even with expected job losses, I didn’t expect market to drop today. But certainly did not expect this explosion. I will not be selling call spreads as often in this environment.
#SPX1dte Sold to Open $SPX June 5th 3010/3030-3160/3180 condors for 1.05, IV 18.25%, SPX 3104, deltas -.05, +.06
#SPX1dte BTC $SPX June 3rd 3120/3140 call spreads for 2.00. Condors sold yesterday for 1.10.
#SPX1dte Sold to Open $SPX June 3rd 2970/2990-3120/3140 condors for 1.10, IV: 18.86%, SPX 3063, deltas: -.06, +.06
#SPX7dteLong Bought to Open $SPX June 8th 3030/3050-3060/3080 condors for 17.50, w/SPX at 3058.
Expiring: June 1st 3010/3030 call spreads for 20.00. Condors bought for 16.65 last Tuesday.
#SPX1dte Expiring: June 1st 2910/2930-3110/3130 condors, sold Friday for 1.10.
#SPX1dte Sold to Open $SPX June 1st 2910/2930-3110/3130 condors for 1.10. IV: 17.3%, SPX 3040, deltas: -.05, +.05.
Expiring: May 29th 2920/2940-3090/3110 condors, sold yesterday for 1.10.
#SPX1dte Sold to Open $SPX May 29th 2920/2940-3090/3110 condors for 1.10. IV 22%, SPX 3026, deltas -.06, +.06.
Selling that actually closed the put side of my long condor. I want to sell it again to officially take the profit on my long and leave me short as intended.
#SPX7dteLong Bought to Open $SPX June 3rd 2990/3010-3020/3040 condors for 17.25, with SPX at 3019.
I did not close the put side of today’s condor. It went as high as 7.00 but I decided to hold it to see if I could get more. I had made 1.60 on the trade so it was a conscious decision.
#SPX1dte expiring: May 27th 2905/2925-30503070 condors, sold yesterday for 1.00.
#SPX1dte Sold to Open $SPX May 27th 2905/2925-3050/3070 condors for 1.00, IV: 17.97%, SPX 2992, deltas: -.06, +.04
#SPX1dte Bought to close $SPX May 26th 3025/3045 cll spreads for 3.75. Condors sold Friday for 1.10.
#SPX7dteLong May 26th 2970/2990 call spreads set to expire for 20.00. Condors bought last Monday for 17.15. Have to keep a watch for too deep a pullback, however.
#SPX1dte Sold to Open $SPX May 26th 2840/2860-3025/3045 condors for 1.10. IV: 14.5%, SPX 2953, deltas: -.06, +.04
Expiring: May 22nd 2855/2875-3010/3030 condors, sold for 1.35 yesterday.
#SPX1dte Sold to Open $SPX May 22nd 2855/2875-3010/3030 condors for 1.35. IV: 21.0%, SPX 2951, deltas -.06, +.07
#SPX1dte Sold to Open $SPX May 20th 2820/2840-2995/3015 condors for 1.00. IV: 22.1%, SPX 2930, deltas -.04, +.06.
#SPX1dte Bought to close $SPX May 18th 2930/2950 call spreads for 14.75. Condors sold for 1.25 on Friday.
Pretty sure this spread will end the day at 20.00, so I’m cutting losose now to avoid full loss. Looking to do the same with the 7dteLong because that one may end the day at 0.00.
#SPX1dte Sold to Open $SPX May 18th 2730/2750-2930/2950 condors for 1.25, IV 18.8%, SPX 2859, deltas -.04, +.06.
Expiring: May 15th 2730/2750-2930/2940 condors, sold yesterday for 1.00.
#SPX1dte Sold to Open $SPX 2730/2750-2920/2940 condors for 1.00, IV 25.6%, SPX 2846, deltas -.05, +.05
#SPX1dte Pretty sharp move at day’s end, but IV on tomorrow’s expiry is only 22%. I’m skipping this as tomorrow could be a sharp bounce or a sharp drop.
#VIXIndicator would have fired an upside warning today if the close was calm. This is why it takes 3 consecutive days of VIX closes before it fires… too many head-fakes with only 1 or 2 days.
#SPX7dteLong Bought to Open $SPX May 18th 2920/2940-2950/2970 condors for 16.80, with SPX at 2942. These are getting cheaper, which also means probability of profit has dropped.
#SPX1dte Expiring: May 11th 2825/2845-2990/3010 condors, sold Friday for .95
#SPX1dte Sold to Open $SPX May 11th 2825/2845-2990/3010 condors for .95, IV 14.75%, SPX 2929, deltas -.06, +.05
Expiring: May 8th 2760/2780-2950/2970 condors, sold yesterday for 1.15.
#SPX1dte Sold to Open $SPX May 8th 2760/2780-2950/2970 condors for 1.15, IV: 25.5%, SPX 2877, deltas -.05, +.05.
#SPX7dteLong Bought to open $SPX May 13th 2840/2860-2870/2890 condors for 17.90, with SPX at 2859.
#SPX1dte Expiring: May 6th 2770/2790-2940/2960 condors, sold yesterday for 1.20.
#SPX1dte Sold to Open $SPX May 6th 2770/2790-2940/2960 condors for 1.20, IV 23.15%, SPX 2869, deltas -.06, +.04.
#SPX7dteLong Bought to open $SPX May 11th 2810/2830-2840/2850 condors for 18.20, with SPX at 2840.
Expiring: May 4th 2880/2860 long put spreads at max profit: 20.00. Condors bought for 17.65 last Monday.
#SPX1dte expiring: May 4th 2690/2710-2930/2950 condors, sold Friday for 1.05.
#SPX1dte Sold to Open $SPX May 4th 2695/2710-2930/2950 condors for 1.05, IV 22.5%, SPX 2833, deltas: -.04, +.04
#SPX1dte Sold to Open $SPX May 1st 2800/2820-2990/3010 condors for 1.30. IV 25.6%, SPX 2906, deltas -.07, +.04
Expiring: Apr 30th 2830/2850-3015/3035 condors, sold yesterday for 1.00.
#SPX1dte Sold to Open $SPX Apr 30th 2830/2850-3015/3035 condors for 1.00, IV 23.5%, SPX 2842, deltas -.05, +.05.
#SPX1dte Bought to close $SPX Apr 29th 2960/2980 call spreads for 2.00. Condors sold yesterday for 1.10.
#SPX1dte Sold to Open $SPX Apr 29th 2765/2785-2960/2980 condors for 1.10, IV 25%, SPX 2882, deltas -.05, +.05.
Extra expiration on Thursday (end-of-month) so this starts four straight days of 1-dte.
#SPX7dteLong Earlier in the day, STC $SPX Apr 27th 2840/2860 call spreads for 19.30. Condors bought for 18.35 last Monday.
Bought to Open $SPX May 4th 2860/2880-2890/2910 condors for 17.65. First time I have gotten under 18.00, meaning volatility is dropping.
#SPX1dte Expiring: Apr 27th 2710/2730/2935/2955 condors, sold Friday for 1.05.
#SPX1dte Sold $SPX Apr 27th 2710/2730-2935/2955 condors for 1.05, IV 20.4%, SPX 2840, deltas -.04,+.04
Expiring: 2675/2695-2880/2900 condors, sold yesterday for 1.00.
#SPX1dte Expired: $SPX Apr 22nd 2595/2615-2840/2860 condors, sold yesterday for 1.25.
Something I’ve been trying for a couple weeks but haven’t yet shared because it was in “test phase”… since volatility is here to stay for awhile, I have been buying one-week-out ATM condors with only 10-points between the shorts. The idea is that the market moves, and we most likely will be higher or lower a week from now.
So far it worked five times in a row… then the 6th one today was the first loss! But I’m going to stick with it as long as it continues to work and volatility is with us.
Today’s closing trade:
Last Wednesday, bought to Open $SPX Apr 22nd 2760/2780-2790/2810 condors for 18.35. (opening price has consistently been 18.25-18.40)
Today, sold to close the put side for 3.50 at 9:49am PT. Call side expired at 8.02. Total credit 11.52, so 6.80 loss.
All of the other ones I have done have either expired for 20.00, or closed a day or more early for 19.00+.
It is difficult to have much control over these trades unless you wish to go for pure speculation and leg out on ups and downs during the week. Otherwise you are at the mercy of the market on expiration day. Today was a bit nerve-wracking because SPX hovered in my dead zone for most of the morning. When it started trending upward, I took the profit on put side (first time I have legged out). Call side looked to be a 100% winner until the last 5 minutes, when it quickly turned from a 5.15 winner to a 6.80 loser. If I had exited before the drop i probably could have gotten 17.00 or so maximum, since the short 2810 call kept a lot of value until the last couple minutes of the day.
Bought to Open $SPX Apr 29th 2780/2800-2810/2830 condors for 18.40.
Also currently holding
Apr 24th 2820/2840-2850/2870
Apr 27th 2810/2830-2840/2860
#SPX1dte Sold to Open $SPX Apr 22nd 2596/2615-2840/2860 condors for 1.25, IV 36%, SPX 2736, delats -.05, +.05
#SPX1dte The bullish slant didn’t come through but got to keep the credit.
$SPX April 20th long call spread and short put spread expired, put on Friday for .55 credit.
#SPX1dte. Given the clearly bullish fervor that has gripped Wall Street, however irrational, I’m selling a more aggressive put spread and buying a call spread, all for a net credit.
Sold $SPX Apr 20th 2775/2755 put spreads
Bought $SPX Apr 20th 2790/2900 call spreads
Total credit: 0.55
IV 24%, SPX 2872, deltas: -.10, +.05
Expiring today: Apr 20th 2655/2675-2895/2915 condors, sold yesterday for 1.20
#SPX1dte Sold to Open $SPX April 17th 2655/2675-2895/2915 condors for 1.20. IV: 33%, SPX 2795, deltas -.04, +.06
#SPX1dte After getting slammed for the third time this year on a Monday, I am going long the condor for this three-day weekend.
Bought to Open $SPX April 13th 2590/2610-2920/2940 condors for 1.55. Any gap open will give me at least a small profit. The tough part will be whether to wait and see if we get another 5%+ day…
#SPX1dte Expiring: $SPX April 8th 2505/2525-2800/2820 condors, sold yesterday for 1.25
#SPX1dte Sold to Open $SPX April 8th 2505/2525-2800/2820 condors for 1.25, IV: 43%, SPX 2664, deltas -.05, +.04.
Went a little farther out than usual delta-wise after yesterday’s beating.
#SPX1dte My Friday condor was blown out on the upside… I foolishly thought we had calmed down enough that we wouldn’t have a 7% up day. Full loss… sold for 1.75. This means I’ve done nothing but tread water on this strategy this year.
#SPX1dte Sold to Open $SPX Apr 6th 2290/2310-2605/2625 condors for 1.75, IV: 38%, SPX 2478, deltas -.05, +.07, OTM: -6.8%, +5.1%.
That’s the lowest IV I’ve sold since March 6th. Market down and so is VIX. We are getting complacent with big moves in the indices.
Expiring: Apr 3rd 2310/2330-2610/2630 condors, sold yesterday for 1.65.
#SPX1dte Sold to Open $SPX April 3rd 2310/2330-2610/2630 condors for 1.60, IV 54%, SPX 2482, deltas: -.06, +.06. Taking it early since I have to head out.
#SPX1dte Expiring: $SPX April 1st 2380/2400-2735/2755 condors, sold yesterday for 1.05.
#SPX1dte Sold $SPX Apr 1st 2380/2400-2735/2755 condors for 1.05, IV 54%, SPX 2581, deltas -.06, +.03.
I forgot about the quarterly expiration… could have done a trade yesterday!
Options Bistro 