#SPX1dte Expiring: $SPX March 27th 2380/2400-2760/2780 condors, sold yesterday for 1.80.
I tried a couple different SPX1dte orders for Monday but didn’t get filled and didn’t want to chase for reduced premium. IV on the Monday expiration was only 49% at the close, which is much lower than what we’ve been seeing in this correction.
#SPX1dte Sold $SPX March 27th 2380/2400-2760/2780 condors for 1.80. IV: 66%, SPX 2592, deltas: -.06, +.06, OTM -7.4%, +6.5%
#SPX1dte Expiring: $SPX March 24th 2210/2230-2655/2675 condors, sold yesterday for 1.80.
#SPX1dte Sold to open $SPX March 25th 2210/2230-2655/2675 condors for 1.80. IV: 79.84%, SPX 2440, deltas -.06, +.06. OTM: -8.6%, +8.8%.
#SPX1dte Expiring: 1975/2000-2550/2575 condors, sold Friday for 2.25.
#SPX1dte I didn’t sell a Monday condor because I’ve been bitten twice recently. I also maintain that we still have farther to go down.
Expired this morning: $SPX March 19th 2125/2150-2575/2600 (monthlys) condors, sold for 2.20 Thursday morning.
Expired at the close: $SPX March 20th 2170/2190-2635/2655 condors, sold Thursday afternoon for 1.85.
#SPX1dte Sold $SPX 2170/2190-2635/2655 condors for 1.85. IV: 84.2%, SPX 2406, deltas: -.07, +.06. OTM: -9.0% and +9.5%.
Couldn’t have picked a better outcome for my monthly condor put on this morning… placed the trade when we were flat on the day ended as close to flat as we can expect in this market. So I’m leaving the trade to settle in the morning as I do not fear +9% gaps.
#SPX1dte Sold to Open $SPX March 19th 2125/2150-2575/2600 condors for 2.20. These are MONTHLY contracts that stop trading tonight, but settle at the open tomorrow. I will need to decide at the close today whether to close or allow to expire in the morning, risking a gap open that could breach my strikes. Because of the funky expiration on these, I have avoided them for this strategy, but with SPX flat at the moment and juicy premium available, it’s worth the risk this time.
IV: 109.60%, SPX: 2400, deltas: -.06, +.06. OTM: -10.4%, +7.3%
#SPX1dte Expiring: $SPX March 18th 2220/2240-2740/2760 condors, sold yesterday for 1.95.
#SPX1dte Sold $SPX Mar 18th 2220/2240-2740/2760 condors for 1.95, IV: 94%, SPX 2523, deltas -.05, +.07. OTM: -11.2%, +7.8%.
#SPX1dte Bought to close $SPX March 16th 2380/2400-2930/2950 condors for 6.00. Sold Friday for 1.60.
Slap my hand for selling on a Friday again. Honestly, the last minute surge on Friday sucked me in. I was quite certain we would open down today, but I felt -11%+ OTM would be safe. It may still be safe, but since it almost touched my short strike, stopping is the prudent choice.
#SPX1dte Sold to Open $SPX Mar 16th 2380/2400-2930/2950 condors for 1.60. IV: 67%, SPX (close) 2710, deltas: -.06, +.04. OTM: -11.4% and +8.1%.
Expiring: March 13th 2175/2200-2750/2775 condors, sold yesterday for 2.50.
#SPX1dte Sold to Open $SPX March 13th 2175/2200-2750/2775 condors for 2.50. IV: 101.18%, SPX 2544, deltas -.05, +.07. (has shifted back to 06/06 since it filled). Width: 550.
Today’s drop in SPX was about 8%. These strikes are -13.0% and +8.3% OTM, and I got the highest premium I’ve ever gotten.
#SPX1dte Expiring: $SPX March 11th 2660/2680-3010/3030 condors, sold yesterday for for 2.10.
#SPX1dte Sold to Open $SPX March 11th 2660/2680-3010/3030 condors for 2.10, IV 55.97%, SPX 2870, deltas -.06, +.06.
#SPX1dte BTC $SPX Mar 9th 2780/2860 put spreads for 7.20. Condors sold for 1.60 on Friday. Two Mondays ago I let it ride and ended up with a full loss. This week, I got out at a fat loss and I’m guessing it will expire worthless. Such a bad day!
#SPX1dte Sold to Open $SPX March 9th 2760/2780-3100/3120 condors for 1.60. IV: 35.09%, SPX 2972, deltas: -.07, +.06. Filled about 30 seconds after the bell.
Expiring: March 6th 2840/2860-3140/3160 condors, sold yesterday for 1.80.
#SPX1dte Sold to Open $SPX March 6th 2840/2860-3140/3160 for 1.80. IV 43.65%, SPX 3020, deltas -.06, +.06
#SPX1dte At 12:58 Pacific Time, sold $SPX March 4th 2830/2850-3140/3160 condors for 2.05. IV: 47.73%, SPX 3000, deltas: -.07, +.05
#SPX1dte Expiring: $SPX March 2nd 2600/2625-3100/3125 condors, sold Friday for 2.05.
#SPX1dte Sold to Open $SPX March 2nd 2600/2625-3100/3125 condors for 2.05. IV: 50%, SPX 2827, deltas: -.05, +.07. Width: 375
That’s the best premium I have gotten in 14 months of this strategy, and the shorts were -10.3% and +5.9% OTM, when the trade filled. But 3 minutes later at the close, that shifted to -11.1% and +4.9%.
#SPX1dte Monday’s expiration is off-the-charts volatility. I’m going to be able to sell a condor that has short puts at 2570 or lower, or 11.4% OTM, and still get excellent premium. Pulling the trigger before the close.
#SPX1dte BTC $SPX Feb 28th 2850/2830 put spreads for .60. Condors sold yesterday for 1.45.
Not sure if I’ll be selling one tonight, but if I do, I am waiting until a minute before the close, or right after the close. After yesterday’s last-minute dive, I ain’t risking it.
#SPX1dte . Sold $SPX Feb 28th 2830/2850-3120/3140 condors for 1.45. IV: 41.97%, SPX 3013, deltas: -.06, .06.
Width: 270 points
#ContangoETFs . I am closing $NUGT at breakeven because I think chances are it will still go higher and I don’t want to get into another $DRIP situation right now.
BTC NUGT June 47 calls for 3.75. Sold for 3.80 on Dec 24.
BTC NUGT Sep 52 calls for 4.75. Sold for 4.80 on Feb 21.
#SPX1dte Expiring: $SPX Feb 26th 2970/2990-3220/3240 condors, sold yesterday for 1.30.
#SPX1dte Sold $SPX Feb 26th 2970/2990-3220/3240 condors for 1.30. IV: 33.19%, SPX 3140, deltas -.06, +.07.
#VIXindicator As I said below, this is the first time I’ve had an open gap breach a short strike on the #SPX1dte strategy, which I started in December 2018. Today’s SPX open price was 2.40% below Friday’s close price.
It got me thinking, how often has that happened?
Well, it used to happen fairly frequently, when the SPX price was below 2000. It happened on a fairly steady basis up into 2014.
But the last time it happened was April 10, 2014, when it opened at 1,830.65 (-2.22%). Since then, today was the ONLY day that SPX gapped 2% or more.
Needless to say a Downside Warning fired today as well.
#SPX1dte Bad day. Full loss on 3265/3245 put side. Wipes out about 7 weeks of gains on this strategy. As I said earlier, this was the first time in my 15 months of using this strategy that the open gapped past a short strike. There were some chances to get out for $9 or $10 but I gambled that the situation from there would improve. It didn’t.
#SPX1dte Sold to Open $SPX Feb 24th 3245/3265-3375/3395 condors for 1.40. IV: 11.58%, SPX 3331, deltas -.07, +.07
Expiring: Feb 21st 3295/3315-33405/3425 condors, sold yesterday for .80
#SPX1dte Sold to open $SPX Feb 21st 3295/3315-3405/3425 condors for .80, IV: 11.99%, SPX 3371, deltas -.06, +.05
#SPX1dte BTC $SPX Feb 21st 3395 calls for .30. Condors sold for .95 yesterday.
#SPX1dte Sold to Open $SPX Feb 19th 3305/3325-3395/3415 condors for .95, IV 10.00%, SPX 3369, deltas -.07, +.07
Expiring: Feb 18th 3295/3315-3410/3430 condors, sold Friday for 1.05
#SPX1dte Sold to Open $SPX Feb 18th 3295/3315-3410/3430 condors for 1.05, IV 7.86%, SPX 3372, deltas -.07, +.06.
Winners:
Expiring: Feb 14th 3310/3330-3405/3425 condors, sold yesterday for 1.05
Expiring: $SHOP Feb 14th 465/460 put spreads, sold Tuesday for 1.416
Losers:
Expiring: $YELP 31 short puts and 39 short calls. Calendars bought for .303 total…. long positions remain for next Friday, but a long shot.
$TAP #DoubleCalendars closed for .01 debit. Lost total of .31.
#SPX1dte Sold to Open $SPX Feb 14th 3310/3330-3405/3425 condors for 1.05, IV 10.76%, SPX 3378, deltas -.07, +.07
#SPX1dte BTC $SPX Feb 12th 3385 calls for .40. Condors sold for 1.05 yesterday. Expected-move stop was hit this morning.
#SPX1dte Sold to Open $SPX Feb 12th 3295/3315-3385/3405 condors for 1.05. IV 10.30%, SPX 3357, deltas -.08, +.07
#SPX1dte Expired: $SPX Feb 10th 3245/3265-3360/3380 condors, sold Friday for 1.25.
More all-time highs. Who could have guessed?
#SPX1dte Sold to Open $SPX Feb 10th 3245/3265-3360/3380 condors for 1.25. IV: 9.12%, SPX 3328, deltas: -.07, .08.
Expiring: Feb 7th 3280/3300-3370/3390 condors, sold yesterday for 1.10.
Selling long Feb 7th 3225 calls or letting them expire for a (hopeful) credit, after having covered the short 3300’s yesterday. Legging out worked against me this time.
#SPX1dte Sold to Open $SPX Feb 7th 3280/3300-3370/3390 for 1.10. IV: 10.46%, SPX SPX 3343, deltas: -.07, .08
#SPX1dte BTC $SPX Feb 7th 3300 call for 37.80.
This was the short spread I sold Monday for 4.30. I must have been high on hopium the next day when I was clearly wrong and didn’t close it.
And today I must be higher because I’m trying to leg out. But if the pattern repeats itself, we get a small sell off from morning gap-up down to flat, then we rally rest of day. So hopefully now my long 3325 calls will rally higher and I will lessen the closing price of the spread from its current 20.00 down closer to 10.00.
#SPX1dte Sold to Open $SPX Feb 5th 3225/3245-3340/3360 condors for .95, IV 12.89%, SPX 3304, deltas -.06, .06
#SPX1dte Yes, I’m going for a bearish trade again. My sentiment was accurate last week but buying a put spread was the wrong play. It did carry less risk, but had I sold a call spread like this it would have worked.
Sold $SPX Feb 7th 3300/3325 call spreads for 4.30.
#SPX1dte BTC $SPX Feb 3rd 3105 puts for .05. Condors sold Friday for 1.25. I’ll let the 3285 call side expire.
#SPX1dte Sold to Open $SPX Feb 3rd 3085/3105-3285/3305 condors for 1.25. IV 18.15%, SPX 3218, deltas -.06, .06
(Hopefully) expiring: Jan 31st 3210/3190-3305/3325 condors, sold yesterday for 1.30.
#SPX1dte Sold to Open $SPX Jan 31st 3190/3210-3305/3325 condors for 1.30, IV 13.99%, SPX 3267, deltas -.08, .06
#SPX1dte Sold to close $SPX Jan 31st 3200/3180 put spreads for .80. Bought Tuesday for 2.65.
#SPX1dte Expired: $SPX Jan 29th 3195/3215-3320/3340 condors, sold for 1.00 yesterday.
#SPX1dte Sold to Open $SPX Jan 29th 3195/3215-3320/3340 condors for 1.00, IV 14.62%, SPX 3280. Short deltas -.06, .06
#SPX1dte Bought to open $SPX Jan 31st 3200/3180 put spreads for 2.65.
#coveredcalls
$ROKU BTC 1/31 144 calls and STO 1/31 135 calls at added .63 credit
$NUGT BTC 1/31 33.50 calls and STO 2/7 34.50 calls at even
$ZM BTC 1/31 75 calls and STO 1/31 73 calls at added .45 credit
#spx1dte
$SPX 1/27 3195/3215/3330/3350 STO for 1.05. I was away and didn’t know how frightened
I should have been. Thank you @jeffcp66
#SPX1dte Bought to close $SPX Jan 27th 3215/3195 put spreads for 1.95. Condors sold for 1.15 on Friday.
#SPX1dte Sold to Open $SPX Jan 27th 3195/3215-3330/3350 condors for 1.15. IV 11.20%, SPX 3290.
Expiring (a little sweaty) Jan 24th 3265/3285-3350/3370, sold yesterday for .80
#SPX1dte Sold to Open $SPX Jan 24th 3265/3285-3350/3370 condors for .80, IV 9.14%, SPX 3323.
#SPX1dte Sold $SPX Jan 22nd 3265/3285-3345/3365 condors for .85, IV 8.61%, SPX 3322
#SPX1dte Earlier, BTC $SPX Jan 21st 3290 puts for .05. Condors sold Friday for 1.00.
#SPX1dte Sold to Open $SPX Jan 21st 3270/3290-3350/3370 condors for 1.00, IV 5.44%, SPX 3323.
Expiring today: Jan 17th 3255/3275-3330/3350 condors, sold yesterday for .90
#SPX1dte Sold $SPX Jan 17th 3255/3275-3330/3350 condors for .90, IV 8.32%, SPX 3308
#SPX1dte SOld to close $SPX Jan 17th 3315/3330 call spread for .95. Bought yesterday for 1.60. Have been trying to exit all day… got as high as 3.00, but kept reversing before I was filled. My timing in January has been atrocious, so not letting this one fail completely. I sold the 3250/3225 put spread against it for 1.90. That one is currently profitable and I think will be fine to leave for tomorrow.
Expiring today: Jan 15th 3220/3240-3305/3325 condors, sold yesterday for 1.00
#SPX1dte Sold $SPX Jan 15th 3220/3240-3305/3325 condors for 1.00, IV 9.28%, SPX 3281
#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 BTC $SPX Jan 17th 3320/3345 call spreads for 2.25. Paid 2.35 for the condor yesterday.
I did this literally 30 seconds before the huge spike down. Unbelievable!
My plan was to allow put side to expire, add a closer put spread and BUY a call spread. I may still do this, but have to watch for awhile to see what happens. Market is bullish, and I truly don’t understand how it has reacted or will react to the volatile trade situation. No one does.
#SPX1dte . Sold to Open $SPX Jan 17th (Friday PM) 3195/3220-3320/3345 condors for 2.35. Strikes at .10 delta.
#SPX1dte Sold to close $SPX 3290/3305 call spreads for .25. Bought for .80 on Friday. Didn’t get the surge I hoped for, and Friday’s lower close didn’t help. Also should expire today: 3240/3220 put spreads, sold for .70. So I’ll net .15 for the day!
#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 Sold $SPX Jan 10th 3235/3210 put spreads for .70. Not yet sure what I’ll do with call side, if anything.
Also getting out of the Jan 13th 3290/3315 call spread sold yesterday. I don’t know why I made the same trade as last week that crushed me. At least this time the loss will be small. I will now stop thinking upward momentum MUST slow down. Apparently, it does not.
#SPX1dte That was NOT a fun run up to 3267. But my condor from yesterday has expired worthless.
$SPX Jan 8th 3190/3210-3260/3280, sold yesterday for .80.
#SPX1dte Sold to Open $SPX Jan 13th 3290/3315 call spreads for 1.70. I’m not bearish… just don’t think we’ll be moving so fast if we go higher.
I am riding our today’s 3260 call side of condor.
#SPX1dte Sold to Open $SPX Jan 8th 3185/3205-3260/3280 condors for .80. IV: 8.16%, SPX 3239.
#SPX1dte BTC $SPX Jan 6th 3175 puts for .05. Spreads sold for .40 on Friday.
#SPX1dte Sold $SPX Jan 6th 3175/3150 put spreads for .40. Looking for small rally into close to sell 3270/3290 call side.
Also selling to close Jan 6th 3265/3280 long call spread…. it has broken even a few times today, then always retreated. Now looks like it will be small loss as I don’t want to risk a full loss by waiting for Monday.
Expiring:
Jan 3rd 3200/3220-3270/3790 condors, sold yesterday for .80.
Jan 3rd 3210/3185 put spreads sold last Friday for 2.60.
Placed an order last night. Executed first thing this morning
#spx1dte
$SPX BTC 1/3 3255/3280 BECS at .35. STO 12/31 at 1.30
#SPX1dte Sold to Open $SPX Jan 3rd 3200/3220-3270/3290 condors for .85, IV 7.75%, SPX 3247.
#SPX1dte Went long on the pullback as I think we will stair step higher for next few days; warning, however… what I “think” has not been working too well lately!
Bought to Open $SPX Jan 6th 3265/3280 call spreads for 1.45.
#SPX1dte I resolve in 2020 to ask before putting on certain trades: “Is it a better risk to BUY or SELL this spread?” I should have asked that Tuesday when I sold a call spread during this Upside Warning and blistering rally!
Happy New Year everyone! 3,500 on S&P this year? Or will that threatened recession start?
#SPX1dte Sold $SPX Jan 3rd 3250/3275 call spreads for 1.70. Offsets 3210/3185 put spreads sold Friday for 2.60.
Expiring today: Dec 31st 3155/3175/3255/3275 condors, sold yesterday for .80.
Options Bistro 