#SPX7dteLong Bought to Open $SPX 4415/4435-4445/4465 condors for 15.75, with SPX at 4438.
#SPX7dteLong Sold to close $SPX Oct 13th 4415/4395 put spreads for 16.75. Still holding call side. Condors bought for 16.85 last Thursday. In the recent volatility I have been letting these expire, but after yesterday’s drubbing I need to return to closing these on swings.
#SPX7dteLong Bought to Open $SPX Oct 15th 4355/4375-4385/4405 condors for 17.20, with SPX at 4384.
#SPX7dteLong Sold to close $SPX Oct 6th 4340/4320 put spreads for 10.90. Still holding call side for any additional bounce today. Condors bought for 17.90 last Thursday.
#SPX7dteLong Bought to Open $SPX Oct 11th 4335/4355-4365/4385 condors for 17.40, with SPX at 4360.
#SPX7dteLong Bought to Open $SPX Oct 8th 4270/4290-4300/4320 condors for 17.90, with SPX at 4292.
#SPX7dteLong Bought to Open $SPX Oct 6th 4320/4340-4350/4370 condors for 17.90, with SPX at 4341
#SPX7dteLong Sold to Close $SPX Oct 1st 4455/4475 call spreads for .70. Condors bought Monday for 15.25. Puts sold for 15.30. So .75 profit.
Expiring today worthless: Sep 29th 4470/4490 call spreads. Condors bought for 15.95 last Thursday. Put side sold for 9.20 on Monday, so 6.75 loss.
#SPX7dteLong Sold to close $SPX Oct 1 4445/4425 put spreads for 15.30. Condors bought for 15.25 yesterday. This is a breakeven move, but I still hold the call spreads until Friday. So any meaningful bounce, even today, will give me profit.
#SPX7dteLong Sold to close $SPX Sep 29th 4460/4440 put spreads for 9.20. Still have the call side for two more days. Bought condors for 15.95 on Thursday.
#SPX7dteLong Sold to close $SPX Sep 22 4415/4435-4445/4465 condors for 15.35. Bought for 17.05 last Thursday, so loss of 1.70. There’s too much risk of a face-ripping event after Fed announcement, so I had to take this off rather than wait for the close.
#SPX7dteLong Bought to Open $SPX Sep 27th 4340/4360-4370/4390 condors for 18.00, with SPX at 4365.
#SPX1dte Woke up at 4:30 to close put side: Bought to close $SPX Sep 20th 4330/4310 put spreads for 3.20. Condors sold for 1.05 on Friday. Looks like it would have been better to wait for the open, but market was falling all night.
#SPX7dteLong Sold to close $SPX Sep 17th 4445/4425 put spread for 3.50. I’m kind of back on the bullish train, since the VIX has been tepid, but even so I sold this too early and we are dropping more.
Sold to close Sep 15th 4505/4525 call spreads for 2.50. Sold put side for 12.40 yesterday, so total. Bought for 16.10 last Thursday so 14.90 total, loss of 1.20.
#SPX7dteLong Sold to close $SPX Sep 15th 4490/4470 put spreads for 12.40. Condors bought for 16.10 last Thursday. Call spreads still open. Uncertain where we are headed; Upside Warning still in effect but we’ve had several days of weakness.
#SPX7dtelong In pre-market, sold to close $SPX Sep 13th 4515/4535 call spreads for 8.00. Sold puts yesterday for 8.25, so 16.25 total. Condors bought for 14.70 on Wednesday, so 1.55 in profit.
#SPX7dteLong Sold to close $SPX Sep 10th 4525/4505 put spreads for 5.00. Leaving call spreads for more upside.
Made the mistake of getting spooked by yesterday’s drop, and did not sell this put side then. I should have heeded the Upside Warning and closed it. But hopefully we can revisit the highs around 4545 tomorrow.
#SPX7dteLong Bought to Open $SPX Sep 13th 4485/4505-4515/4535 condors for 14.70, with SPX at 4511.
Today’s 4535/4555 call spread will expire worthless, leaving me only with the 8.00 credit I got for the put side yesterday. Bought for 14.55 last Thursday so 6.55 loss.
#SPX1dte Expected to expire worthless: $SPX Sep 8th 4460/4480-4550/4570 condors, sold yesterday for 1.30.
#SPX7dteLong Sold to close $SPX Sep 8th 4525/4505 put spreads for 8.00. Saving call spreads for the hopeful bounce.
I was travelling last week so was unable to post. For the condor expiring today:
Purchased last Tuesday for 14.30
Sold put side on Thursday for 5.25
Sold call side Friday for 12.00
Total profit: 2.95
#SPX7dteLong Sold to close $SPX Sep 3rd 4535/4555 call spreads for 10.50. Put side sold for 8.00 on Tuesday. Condors bought for 13.75 so total profit of 4.75.
#SPX7dteLong Sold to close $SPX Sep 3rd 4525/4505 put spreads for 8.00. Condors bought yesterday for 13.75.
This strategy has been working much better if I leg out on the swings. When I started it during the pandemic in 2020, the market was moving pretty big, so I could wait for expiration day and usually get the full 20.00. If I exited one side early, there was too much risk it would keep going in that direction. But now with volatility lower, using the swings is a better bet… especially with an Upside Warning and (economic recovery) giving me confidence that dips are short-lived.
#SPX7dteLong Bought to open $SPX Sep 3rd 4505/4525-4535/4555 condors for 13.70, with SPX at 4534.
#SPX7dteLong Sold to close $SPX Aug 27th 4485/4505 call spreads for 17.60. Put side sold for 2.75 yesterday so 20.35 total credit. Condors bought for 14.20 on Monday, so 6.15 profit.
#SPX7dteLong Sold to close $SPX Aug 25th 4400/4420 call spreads for 19.70. Condors bought for 17.30 last Thursday.
#SPX1dte Bought to close $SPX Aug 23rd 4480 calls for 1.00. Condors sold for .95 on Friday. Hit the stop early but kept missing the fills. Took a trip up to 10.00… now back below a dollar.
#SPX7dteLong Sold to close $SPX Aug 20th 4470/4490 call spreads for .75. Puts sold for 8.40 on Tuesday, so 9.15 total credit off a purchase of 13.10, so 3.95 loss.
#SPX7dteLong Sold to close $SPX Aug 23rd 4460/4480 call spreads for 8.50. Bought yesterday for 7.90.
My *guess* is that yesterday’s VIX spike was a head-fake and we are still going higher. But gotta follow my rules and dump out of this while some profit is available. Another dip would likely mean full loss, since I have no put side on this one.
Using the pullback to make some moves. Keeping the faith in Upside Warning that we have higher to go despite retail sales report, Delta variant, Afghanistan, etc.
Sold to close $SPX Aug 20th 4460/4440 put spreads for 8.40. Condor bought yesterday for 13.10.
It actually is somewhat common for the first day after the Upside Warning fires that we get a pullback. It makes sense; it requires three straight days of low volatility to fire it, so a fourth day of some pullback seems in order. The UpW almost always works, but getting the timing right can be tough.
Sold to close $SPX Aug 16th 4435/4415 put spreads for 2.50. Looking for a bounce to close call side.
Sold to close $SPX Aug 18th 4450/4430 put spreads for 7.80. Still have time for the call side.
#SPX7dteLong Sold to close $SPX Aug 13th 4460/4440 call spreads for 19.00. Put side sold for 2.45, yesterday, for 21.45 total, on purchase price of 14.10, means 7.35 profit.
#SPX7dteLong Sold to close $SPX Aug 13th 4430/4410 put spreads for 2.45. Leaving call spreads for now. Condors bought for 14.10 on Monday.
#SPX7dteLong Sold to close $SPX Aug 11th 4425/4445 call spreads for 15.10. Could not risk any further down move. Put side sold for 2.25 yesterday so 17.35 total. Bought for 15.05 last week, so 2.30 profit.
#SPX1dte Expected to expire worthless: Aug 11th 4365/4385-4465/4485 condors, sold yesterday for 1.00.
#SPX7dteLong Sold to close $SPX Aug 11th 4415/4395 put spreads for 2.25. Condors bought for 15.05 last Thursday. Saving call spreads to sell later today or tomorrow.
#SPX7dteLong Bought to Open $SPX Aug 13th 4410/4430-4440/4460 condors for 14.10, with SPX at 4434.
#SPX7dteLong Bought to Open $SPX Aug 11th 4395/4415-4425/4445 condors for 15.05, with SPX ar 4419.
#SPX7dteLong Sold to close $SPX Aug 6th 4400/4380 put spreads for 5.70. Condors bought for 15.50 on Monday.
#SPX7dteLong Bought to open Aug 9th $SPX 4390/4410-4420/4440 condors for 15.20, with SPX at 4415.
#SPX7dteLong Bought to Open $SPX Aug 6th 4380/4400-4410/4430 condors for 15.50, with SPX at 4398.
#SPX7dteLong Sold to close $SPX July 30th 4410/4390 put spreads for 5.40. Tried to close at the open but was not filled, and then chased all morning as it only went up. Not a great way to start the day when I could have gotten over 12.00!!!
Hoping for a strong rally to get the call side ITM.
#SPX7dteLong Bought to Open $SPX 4400/4420-4430/4450 condors for 15.05, with SPX at 4422. I compared this one to the 4395/4415-4425/4445, and it was going for about 25 cents cheaper. That seems to often be the case, that savings can be found if you look at the condor 5 point higher or lower.
#SPX7dteLong Sold to close $SPX June 28th 4375/4395 call spreads for 14.75. Condors bought for 15.15 last Thursday. Took a small loss now as we could end the day lower. WIll get some from the put side if there’s any downward pressure over next hour or so.
#SPX7dteLong Bought to Open $SPX Aug 2nd 4355/4375-4385/4405 condors for 16.75, with SPX at 4378.
#SPX1dte Sold to Open $SPX Juy 26th 4330/4350-4450/4470 iron condors for 1.00. SPX at 4407, IV 7.2%, deltas -.07 +.07
Crappy week because of the (thus far) head-fake Downside Warning. After taking a small loss on #SPX1dte trade Monday, skipped the trade for Wed & Fri. Took nice profit Monday on #SPX7dteLong but assumed more downside and took losses on Wed, Fri, and next Mon trades. Hopefully back to normal next week.
#SPX7dteLong Sold to close $SPX July 21st 4340/4320 put spreads for 3.90. Leaving call spreads for a bit later as the rally seems to have strength. Missed this one big time; should have sold put side Monday and I’d be collecting a double on this trade.
Also, doubled down on next Monday’s put spread. Bought more of the June 26th 4260/4240 put spreads for 1.60. Adding to the ones I bought yesterday for 5.65
#SPX7dteLong Sold to close $SPX July 23rd 4245/4265 call spreads for 14.10. Condors bought yesterday for 18.00. Counting on another drop by Friday to sell put side.
Also, bought to open July 26th 4260/4240 put spreads for 5.65. Going put side only for this one.
#SPX7dteLong Bought to Open $SPX July 23rd 4215/4235-4245/4265 condors for 18.00, with SPX at 4242.
Expiring with max credit of 20.00: July 19th 4370/4350 put spreads. Condors bought last Tuesday for 15.25.
#SPX7dteLong Sold to close $SPX July 16th 4380/4360 put spreads for 12.00. Condors bought for 14.20 on Monday. Since bank earnings are good I’m banking on more upside into tomorrow’s close, so I can sell the call side. But if we go lower loss is only 2.20.
#SPX1dte Expired yesterday: July 14th condor, sold Tuesday for 1.35.
#SPX7dteLong Bought to Open $SPX July 19th 4350/4370-4380/4400 condors for 15.25, with SPX at 4374.
#SPX1dte STOPPED Bought to close $SPX July 9th 4365/4385 call spreads for 1.85. Condors sold yesterday for .95
#SPX7dteLong Bought to Open $SPX July 14th 4305/4325-4335/4355 condors for 15.90, with SPX at 4326.
I forgot to buy one for next Monday… the holiday threw me off.
#SPX7dteLong Sold to close $SPX July 7th 4320/4340 call spreads for 15.00. Condors bought for 13.10 last Thursday.
Leaving put spreads for possible further down move. I don’t trust that we will finish day OTM on the call spread so took profit now.
#SPX7dteLong Bought to Open $SPX July 7th 4290/4310-4320/4340 condors for 13.10, with SPX at 43167. Another new record for lowest price paid for this strategy.
#SPX7dteLong Bought to Open $SPX July 6th 4270/4290-4300/4320 condors for 13.85, with SPX at 4295.
#SPX7dteLong Bought to Open July 2nd 4260/4280-4290/4310 condors for 13.35, when SPX was at 4283.
Expiring with max credit of 20.00: June 28th 4255/4275 call spreads; condors bought last Tuesday for 14.10.
#SPX1dte Expiring worthless: June 28th 4215/4240-4315/4340 condors, sold Friday for 1.00. Didn’t realize until now it was 25-pt-wide, rather than my usual 20.
#SPX1dte Sold to Open $SPX June 28th 4220/4240-4315/4335 condors for 1.00, SPX at 4280, IV 6.95%, deltas -.10 +.06.
The #VIXIndicator never broke its Upside Warning in last week’s swoon, so it is clearly back on, baby. Therefore, staying aggressive with the put-side deltas for now.
Expiring:June 25th 4205/4225-4300/4320 condors, sold yesterday for .90.
#SPX7dteLong Expiring with max credit of 20.00: June 25th 4230/4250 call spreads. Condors bought Monday for 15.25.
#SPX7dteLong Bought to Open $SPX June 28th 4225/4245-4255/4275 for 14.10. Partially filled when SPX was at 4247. The rest filled before the bell.
Sold to Close June 23rd 4185/4205 call spreads for 19.40. Condors bought for 17.15 last Thursday. Taking profit early to avoid any surprises tomorrow.
#SPX7dteLong Bought to Open $SPX June 25th 4200/4220-4230/4250 condors for 15.25, with SPX at 4224.
#SPX7dteLong Bought to Open $SPX June 23rd 4155/4175-4185/4205 condors for 17.15, with SPX at 4180.
This is only 5 days out but high probability of success with current volatility.
Today’s looks good to expire with 20.00 credit. Wednesday’s expired badly as I had sold the put side on Monday for 6.00, so about a 9.00 loss on that one.
#SPX7dteLong Bought to Open $SPX June 21st 4225/4245-4255/4275 iron condors for 15.70, with SPX at 4249.
#SPX7dteLong Sold to close $SPX June 16th 4235/4215 put spreads for 6.00. Condors bought last Thursday for 14.45. Will sell call spreads in an upswing.
#SPX1dte Sold to Open $SPX June 14th 41890/4200-4270/4290 iron condors for 1.05, SPX at 4239, IV 6.7%, deltas -.10 +.07. Getting aggressive on deltas as we’ve been trading in a tight range and premium is pretty low. It is working and will continue to work, until it doesn’t!
#SPX7dteLong Bought to Open $SPX 4215/4235-4245/4265 iron condor for 14.45, with SPX at 4237.
#SPX7dteLong Sold to Close $SPX June 14th 4225/4205 put spread for 5.80. Condors bought for 14.75 on Tuesday. Looking for a bounce back up to close call spreads.
#SPX7dteLong Bought to Open $SPX June 14th 4205/4225-4235/4255 iron condors for 14.75, with SPX at 4230.
#SPX7dteLong Bought to Open $SPX June 11th 4230/4250 call spreads for 8.30.
Waiting for the close to collect on today’s 4215/4235 long call spread.