#spx1dte
$SPX STO 1/30 4000/3980 – 4135/4155 @ .90
Todays $SPX trade expired. Sold for 1.25
#spx1dte
$SPX STO 1/30 4000/3980 – 4135/4155 @ .90
Todays $SPX trade expired. Sold for 1.25
#SPX1dte Sold to Open $SPX Jan 27th 3965/3985-4120/4140 condors for 1.35
Expired: Jan 26th 3910/3930-4075/4095 condors, sold yesterday for 1.25
#spx1dte
$SPX STO 1/26 3920/3900 – 4080/4100 at $1.05
$SPX 1/25 trade should expire. STO at $1.25
#SPX1dte Bought to close $SPX Jan 25th 3940/3920 put spreads for 2.65. Condors sold yesterday for 1.25.
First loss of 2023!
#spx1dte
$SPX STO 1/25 3910/3930 – 4070/4090 at $1.25
The 1/24 trade for $1 should expire
#SPX1dte Sold to Open $SPX Jan 25th 3920/3940-4075/4095 condors for 1.25, SPX at 4011, deltas -.06, +.06
Expiring: Jan 24h 3925/3945-4075/4095 condors, sold yesterday for 1.25
#SPX1dte Sold to Open $SPX Jan 24th 3925/3945-4075/4095 condors for 1.25
#spx1dte
$SPX STO 1/23 3920/3940 – 4080/4100 at $1.00
#spx1dte
$SPX STO 1/20 (PM) 3810/3830 – 4000/3980 at .90 Placed at 3909. Came down since then
Today’s SPX 1 DTE expired
#SPX1dte I’ve been working the new job so unable to post as much. But the year has started well, with no losing trades, 8 winners, 2 breakevens.
Week 1: 4 trades, +2.60
Week 2: 3 trades, +3.55
Week 3: 3 trades, +3.90
Any questions, don’t hesitate.
#spx1dte
Closed the put side of today’s 3910/3930 trade at .30. STO at 1.00. Expect the call side to expire
$SPX STO 1/19 3840/3860 – 4010/3990 at $1.00
Catching up. Out all day.
#spx1dte
$SPX STO 1/18 3930/3910 – 4065/4085 at 1.25
#shortputs
$AMZN STO 1/20 94 put at .60
$UPST STO 1/20 35.5 put at .19
$GDXY STO 1/20 37.5 put at .13
$OXY STO 1/20 62.5 put at .21
#syntheticcoveredcalls #coveredcalls
$BX STO 1/20 90 call at .20
$PLL STO 2/17 65 call at 2.96
$BAC BTC 1/20 34 call at .60. STO at 1.18
#spx1dte
$SPX STO 1/13 3910/3890 – 4050/4070 at 1.10
#SPX1dte BTC $SPX Jan 11th 3970 call for .30. Condors sold yesterday for 1.30.
No trade for tomorrow due to CPI report. May try to sell something after the release in the morning.
#SPX1dte Sold to Open $SPX Jan 11th 3840/3860-3970/3990 condors for 1.30.
Today’s condor expired.
#coveredcalls #syntheticcoveredcalls
$BX STO 1/13 87 call at .25
$BX STO 1/13 88 call at .16
$PFE BTC 1/13 53 call at .04. STO at .36 on 1/6. Hope I can double dip.
#spx1dte
$SPX STO 3810/3790 – 3965/3985 at $1.05
#SPX1dte Sold to Open $SPX Jan 10th 3805/3825-3970/3990 condors for 1.40, SPX at 3892, deltas -.07 +.05
#coveredcalls #syntheticcoveredcalls
$PFE STO 1/13 53 call at .36
$AMZN BTC 1/6 86 call and STO 1/13 88 call at added credit of .58
$AMZN TO 1/13 90 call at .50
#spx1dte
$SPX BTC 1/6 3920/3940 call side at .15. STO at .63. Expect the put side to expire. Sold at .62
#Market The job growth just won’t abate… private sector growth way above expectations this morning, and market reacts negatively because it may signal continued rate hikes. Same could happen after tomorrow morning’s monthly report. I will not be trading tonight or tomorrow because of that and my schedule, and will likely skip a Monday trade as well.
Today’s trade is threatened but I did not stop out. The recent range has been pretty tight in terms of CLOSES…. intraday can get wanky, but last time the market closed in breach of my strikes was November 30 (I had stopped out earlier in day, so lost 4.00 rather than 20.00). In fact, I tracked all my #SPX1dte trades since May 1st, and I would have made about 13% more profit if I had followed a “no stop” approach, taking a few big losses but eliminating all of the small losses from stop-outs that ended up being unnecessary. So I’m analyzing the whole year to see if a no-stop approach would be okay.
#SPX1dte BTC $SPX Jan 4th 3900/3920 call spreads for .30. Put side closed for .05. Condors sold for 1.60 yesterday.
Thursday trade will follow in comments.
#SPX1dte This morning, soon after bell, call-side stop was hit. Bought to close $SPX Jan 3rd 3905/3925 call spreads for 1.25. Condors sold for 1.30 on Friday.
Just now, sold to Open Jan 4th 3725/3745-3900/3920 condors for 1.60, SPX at 3823, deltas -.06 +.06
#spx1dte
$SPX STO 1/4 3735/3715 – 395/3925 at $1.00
Todays trade $SPX 3735/3755 – 3910/3890 expired. STO at $1.40
#spx1dte
$SPX BTC 12/30 @ .30. STO this morning @ $2.00.
#SPX1dte Bought to close $SPX Dec 30th 3780/3760 put spreads for .30. Condors sold yesterday for 1.15. Stop touched barely right after open, but it bounced so decisively I put it on watch rather than exiting quickly.
Final 4-day week profit: +2.98
That completes 2022 for me. I found a pretty steady profit and learned a lot more about managing this strategy. I’m doing some analysis of the year to assess whether any changes should occur for 2023. I’ll place the first trade for Tuesday expiration this afternoon.
#SPX1dte Sold to Open $SPX Dec 30th 3760/3780-3915/3935 condors for 1.15, SPX at 3853, deltas -.06 +.06
#SPX1dte Yesterday, sold to open $SPX Dec 29th 3690/3710-3855/3875 condors for 1.20.
This morning, stopped out of the call side for 1.80.
#spx1dte
$SPX STO 12/29 3705/3685 – 3855/3875 at 1.05
#SPX1dte Sold to Open $SPX Dec 28th 3750/3770-3900/3920 condors for 1.45, SPX at 3836, deltas -.06 + .06
Expiring: Dec 27th 3735/3755-3905/3925 condors, sold Friday for 1.283
#optionsexpiration
$ENPH 325 call
$APA 47 call
$BAC 34 call
$WB 18.5 call
$AMZN 89 call
$PFE 52.5 call
$BX 78 Call
$AMBA 74 put
Expired $SPX Dec 23rd 3720/3740-3900/3920 Sold for for 1.2
$SPX STO 12/27 3735/3755 – 3910/3930 at .95
Merry Christmas Everyone
Thankful for all of you.
@jeffcp66 Thank you ever so much for THE BISTRO
#SPX1dte Sold to Open $SPX Dec 27th 3735/3755-3905/3925 condors for 1.283.
Expiring: Dec 23rd 3715/3735-3895/3915 condors, sold yesterday for 1.10.
Have a great weekend everyone!
#SPX1dte Sold to Open $SPX Dec 23rd 3715/3715-3895/3915 condors for 1.10, SPX at 3820, deltas -.06 +.06
Believe it or not, I broke my rule again today… but this time it was because I wasn’t at my computer at the open. Thought I was in for some real pain, but now flirting with a worthless expiration.
#spx1dte
$SPX 12/21/2022 3730/3750 – 3895/3915 Sold at $1.05
#coveredcalls #syntheticcoveredcalls
$PFE STO 12/23 52.50 at .13
$BX STO 12/23 78 at .20 and .14
$APA STO 12/23 47 at .32
#SPX1dte Sold to Open $SPX Dec 22nd 3800/3820-3940/3960 condors for 1.35, SPX at 3872, deltas -.09, +.04, IV 19.25%
#SPX1dte Sold to Open $SPX Dec 21st 3730/3750-3885/3905 condors for 1.60, at about 12:30pm PT
#spx1dte
STO $SPX 12/21/2022 3730/3750 – 3895/3915 at $1.05
$SSO STO 12/16 50.50 call at .35
$SPY STO 12/14 400 call at 3.25
$GNRC STO 12/16 99 call at 1.65
$AMZN STO 12/16 95 call at .50
$BX STO 12/16 87 call at .35
$RTX STO 12/16 102 call at .30
$GOOGL STO 12/16 98 call at .36
$BAC STO 12/16 33.5 call at .28
#spx1dte
12/12 $SPX 3870/3850 – 4020/4040 expired. Sold for $1.15 No trade for tomorrow.
#spx1dte
$SPX STO 12/12 3870/3850 – 4020/4040 at 1.15. At 1.40 now as $SPX sinking.
No trade for today today’s expiration. Internet out yesterday
$SPX Todays 3985/3965 – 4130/4150 expired. Sold for .80
Awaiting fill on tomorrows. Sort of hoping I don’t get it. Today a little hectic. Glad
I was playing golf.
#spx1dte
$SPX STO 12/5 3985/3965-4130/4150 at .80
Today’s $SPX STO 3970/3990-4180/4200 at 1.10 expires
$SPX STO 3970/3990-4180/4200 at 1.10 SPX at 4082
#SPX1dte Sold to Open $SPX Nov 25th 3950/3970-4080/4100 condors for 1.00, SPX at 4026, deltas -.06 +.05, IV 11.3%
#SPX1dte Bought to close $SPX Nov 23rd 4065/4085 call spreads for .20. Also closing put spreads. I doubt today’s Fed minutes will have much affect, but cannot be certain.
#SPX1dte Sold to Open $SPX Nov 23rd 3920/3940-4065/4085 condors for 1.40, SPX at 4000, deltas -.08 +.05. IV 19.5%.
Bullish lean as tomorrow will likely melt upwards slowly.
Expiring: Nov 22nd 3870/3890-4010/4030 condors, sold yesterday for 1.30
#SPX1dte Sold to Open $SPX Nov 22nd 3870/3890-4010/4030 condors for 1.30, SPX at 3950, deltas -.06 +.06, IV 18.8%
Today’s condor expired worthless.
#SPX1dte Sold to Open $SPX Nov 21st 3860/3880-4040/4060 condors for 1.40, SPX at 3960, deltas -.07 +.05
Today’s condor expiring worthless.
#SPX1dte Sold to Open $SPX Nov 18th 3820/3840-4010/4030 condors for 1.15, SPX at 3933, deltas -.06 +.06, IV 25.7%
#SPX1dte Bought to close $SPX Nov 17th 3880/3860 put spreads for 3.50. Filled at 6:14:47, 13 seconds before the 15-minute pause in trading before the opening bell.
#SPX1dte Sold to Open $SPX Nov 17th 3860/3880-4040/4060 condors for 1.35, SPX at 3961, delta -.07 +.06, IV 24.4%
Expiring: Nov 16th 3895/3915-4050/4070 condors, sold this morning for 1.30
#SPX1dte In pre-market, Sold to Open $SPX Nov 16th 3895/3915-4050/4070 condors for 1.30, deltas -.06 +.05, IV 37.65%
#SPX1dte Sold to Open $SPX Nov 14th 3865/3885-4080/4100 condors for 1.40, SPX at 3995, deltas -.06 +.06, IV 17.34%
Expiring: Nov 11th 3865/3885-4040/4060 condors, sold this morning for 1.40.
#SPX1dte In pre-market, sold to open $SPX Nov 11th 3865/3885-4040/4060 condors for 1.40. Deltas -.06 +.06
#SPX1dte Not sure if stop was breached but it was close. Bought to close $SPX Nov 9th 3735/3715 put spreads for .20. Condors sold for 1.25 yesterday.
No trade for tomorrow due to CPI report at 8:30am ET
#SPX1dte Sold to Open $SPX 3715/3735-3935/3955 condors for 1.25, SPX at 3843, IV 31.3%, deltas -.05 +.05
#SPX1dte Bought to close $SPX Nov 8th 3880/3900 call spreads for .65. Condors sold yesterday for 1.35.
#SPX1dte Sold to Open $SPX Nov 8th 3715/3735-3880/3900 condors for 1.35, SPX at 3807, deltas -.07 +.05
Expiring: Nov 7th 3655/3675-3850/3870 condors, sold Friday for 1.35
#SPX1dte Sold to Open $SPX Nov 7th 3655/3675-3850/3870 condors for 1.35, SPX at 3758, deltas -.07 +.04, IV 16.1%
#SPX1dte Bought to close $SPX Nov 4th 3810/3830 call spreads for .80. Condors sold for 1.35 this morning.
My P/L chart looks like railroad tracks on a candle chart. Here are results of last 4 weeks:
+4.70
-5.85
+7.90
-5.71
The good news is I can identify two mistakes from this week that turned it sour. If it weren’t for my human mistakes, the strategy would be the problem.
I have been tracking paper results if I used a “no stop” strategy, and it officially pulled slightly ahead of my actual gains. Had I gone with no stops since May 16th, my profits would be 11.7% higher.
As it is, my accounts are up an average of 22.3% since May 16th, using ONLY the #SPX1dte and a small amount of #SPX5dte.
#SPX1dte At 21 minutes after opening bell, sold to open $SPX Nov 4th 3630/3650-3810/3830 condors for 1.35. Deltas -.06 +.06
#SPX1dte BTC $SPX 3685/3665 put spreads for 3.10. Condors sold for 1.30 yesterday.
In retrospect, it was a bad trade. The market was plummeting into the close, but the IV for today’s option chain was low, and my wings were not far enough OTM. I also sold a few minutes before the close, so the last drop of the day pushed me closer to my put strike. I should have waited until after the closing bell, or even considered a bearish risk/reversal since such a bad drop in the final half-hour usually means we will open next day lower.
#SPX1dte Sold to Open $SPX Nov 3rd 3665/3685-3880/3900 condors for 1.30, SPX at 3776, deltas -.06 +.06, IV 30%
Watching today’s put spread carefully.
#SPX1dte Sold to Open $SPX Nov 2nd 3960/3980 call spreads for 2.00, SPX at 3885, delta probably about +.10 when filled.
Will consider a put side if we pull back enough.
#SPX1dte Expiring: $SPX Nov 1st 3785/3805-3955/3975 condors, sold yesterday for 1.45
Not selling for tomorrow due to Fed announcement on rates at 2pm Eastern. If I’m available, I may place trades after the announcement.
#SPX1dte Sold to Open $SPX Nov 1st 3785/3805-3955/3975 condors for 1.45, SPX at 3878, deltas -.06 +.06, IV 23.7%
Expiring: Oct 31st 3780/3800-3985/4005 condors, sold Friday for 1.45
#SPX1dte Bought to close $SPX Oct 28th 3915 call for .30. Condors sold for 1.65. Stop hit with first spike above 3902. Monday trade will come in comment.
#SPX5dte Sold to close $SPX Oct 28th 3825/3845-3855/3875 condors for 16.50. Bought Tuesday for 17.75, so 1.25 loss. Not enough movement and too risky to hold until tomorrow.
1-dte trade to follow in comments.
#SPX1dte Sold to Open $SPX Oct 27th 3725/3745-3920/3940 condors for 1.60, SPX at 3833, IV 28%, deltas -.07 +.06
Expiring: Oct 26th 3740/3760-3935/3950, sold yesterday for 1.30
#SPX1dte Sold to Open $SPX Oct 26th 3740/3760-3935/3950 for 1.30, at 12 minutes after closing bell. Deltas -.07 +.04
This is broken wing, 20 points on puts, 15 on calls, due to limited strikes above 3950. Market moved on me after setting it up and getting filled ($MSFT and $GOOGL earnings), so deltas are skewed.
#SPX1dte Sold to Open $SPX Oct 25th 3685/3710-3900/3925 condors for 1.80, SPX at 3801, IV 30%, deltas -.07 +.05
25-point wide due to limited strikes available above 3900.
#SPX1dte Sold to Open $SPX Oct 24th 3625/3645-3855/3875 condors for 1.55, SPX at 3753, IV 20%, deltas -.06 +.06