#SPXcampaign #ITMroll
Closed $SPX June 26th 2420/2445 call spreads for 21.15
Sold to Open SPX July 3rd 2425/2450 call spreads for 19.30.
I will determine how to make up for the 1.85 debit tomorrow.
Tag Archives: SPXcampaign
SPX trades
#SPXcampaign STOPPED: Closed $SPX June 23rd 2450/2475 call spreads for 6.40. Sold for 4.50 on June 9th.
Closed on GTC orders:
June 26th 2390/2360 put spreads for .25. Sold a smart of a #CondorRoll for 3.60 on June 14th.
June 30th 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 4.55 on May 25th.
SPX stop and roll
#SPXcampaign Stopped: $SPX July 14th 2475/2500 call spreads for 4.55. Sold on Friday for 1.85.
#CondorRoll Sold July 3rd 2405/2430/2475/2500 call spreads for 4.90.
The call side of the condor has the same strikes as the stopped spread but its expiry is 11 days earlier. May need further management but puts me in less danger at the moment.
Looking at stops on a couple other call spreads as well.
#spxcampaign Sold to Open SPX…
#spxcampaign
Sold to Open SPX July 20th 2500/2525 call spreads @1.85
thanks jeff/
SPX calls sold, puts closed
#SPXcampaign Sold to Open $SPX July 20th 2500/2525 call spreads for 1.35, with SPX at 2443.
In pre-market, closed on GTC order: June 21st 2385/2360 put spreads for .20. Sold for 2.55 on June 1st.
At the bell, closed on GTC order: June 30th 2310/2285 put spreads for .20. Sold for 1.35 on May 30th.
#spxcampaign btc spx 2310/2285 @.20…
#spxcampaign
btc spx 2310/2285 @.20 filled on open with gtc order. had sold for 1.50.
The Rest of the Day
#spxcampaign
Closed early
$SPX BTC 2490/2465 BECS @.30 at 82% profit
#shortcalls
Rolled
$NTES STO 7/21 325 call BTC 6/16 310 call @2.71 credit
$AMZN STO 6/23 1030/1020 BECS @1.90 Bridget @OMM
#shortputs
$CLVS STO 7/21 50 put @ 6.50
$COST STO 160/165 BUPS @1.30 Thank you @rknight52
Long day
SPX trades
#SPXcampaign I had one and a third spreads close right at and after the bell…
SPX June 23rd 2465/2490 call spreads, 1/3 of my position closed for .20. Sold for 1.80 on Tuesday.
SPX July 7th 2490/2515 call spreads, full order closed for .20. Sold for 1.40 on June 9th
Kind of odd that call spreads started closing as the market was still moving UP after the close.
I decided to replace the July 7th spreads, rolling it down, in effect:
Sold SPX July 7th 2455/2480 call spreads for 4.25.
SPX calls sold
#SPXcampaign Sold to Open $SPX July 14th 2475/2500 call spreads for 1.85, with SPX at 2430.
SPX spreads closed
#SPXcampaign Closed on GTC orders:
$SPX June 21st 2460/2485 call spreads for .20; sold for 2.45 on June 1st.
$SPX June 19th 2400/2375 put spreads for .30; sold for 2.05 on June 5th.
Working on selling my second July 14th call spread today.
SPX puts sold
#SPXcampaign Sold to open $SPX July 14th 2340/2315 put spreads for 1.40.
SPX calls closed
#SPXcampaign In pre-market, closed on GTC order: $SPX June 15th 2460/2485 call spreads for .20. Sold for 1.50 on May 15th.
SPX trade in progress
#SPXcampaign Took advantage of the post-Fed volatility to close an ITM call spread and sell an extra put spread. Looking to sell a new ITM call spread on the rally into the close.
Bought to close $SPX June 21st 2400/2425 call spreads for 20.50. Sold for 19.30 last Wednesday as an #ITMroll
Sold to Open SPX June 26th 2400/2375 put spreads for 2.00.
Order in to sell SPX June 28th 2405/2430 call spreads for the most I can get before 4:15p ET
SPX puts sold
#SPXcampaign Sold to Open $SPX July 14th 2350/2325 put spread for 1.45. I was trying to get filled on much lower spreads on Monday, but didn’t happen. I need to get more aggressive on the down days because they seem to be few and far between.
SPX ITM roll
#SPXcampaign Bought to close $SPX June 19th 2415/2440 call spreads for 18.75
Sold to Open SPX June 26th 2420/2445 call spreads for 17.25, also added:
Sold to Open SPX June 23rd 2465/2490 call spreads for 1.80
#spxcampaign BTC SPX 19 JUN…
#spxcampaign
BTC SPX 19 JUN 17 2300/2275 BuPS @.10 sold it @ $1.50 on 22 MAY 2017
BTC SPX 19 JUN 17 2295/2270 BuPS @.10 sold it @ $1.45 on 22 MAY 2017
SPX Campaign and Short Puts and Calls
#spxcampaign
$SPX STO 7/14 2510/2485 BECS @1.80
#shortcalls
$AMZN STO 7/21 1020/1010 BECS @2.60
#shortputs
$FB STO 6/1 48/150 BUPS @.50
SPX calls closed
#SPXcampaign Bought to close $SPX June 26th 2490/2520 call spreads for .20. Sold as part of #CondorRoll for 3.60 on June 2nd.
SPX calls spreads sold
Sold to Open $SPX July 14th 2485/2510 call spreads for 1.90. #SPXcampaign
SPX calls sold (no expirations)
#SPXcampaign Right before the bell, Sold to Open $SPX June 23rd 2450/2475 call spreads for 4.50.
SPX puts stopped
#SPXcampaign Unfortunately my order to close for .20 did not fill this morning, so ended up having to stop this spread that became ATM and too risky to hold through the weekend.
Bought to close $SPX June 12th 2425/2400 put spreads for 4.10. Sold for 3.30 on June 2nd.
SPX trades
#SPXcampaign Bought to close $SPX June 23rd 2455/2480 call spread for 5.35. Sold for 4.80 on Tuesday. Will roll.
Sold to Open SPX July 7th 2360/2335 put spreads for 1.30 (standard campaign trade)
Sold to Open SPX June 23rd 2400/2375 put spreads for 1.75 (partial roll, looking to add a higher call spread if we rally into close)
Bought to close SPX June 14th 2390/2365 put spreads for .20. Sold for 5.00 on May 24th (the day the Upside Warning fired)
SPX calls stopped
#SPXcampaign Upside Warning doesn’t want to quit. Stopping with a small loss in this extra spread I sold on Wednesday. Will consider rolls later today.
Bought to close $SPX June 14th 2450/2475 call spreads for 4.95. Sold for 3.50 on Wednesday.
SPX calls sold
#SPXcampaign Sold to Open $SPX July 7th 2490/2515 call spreads for 1.40.
Long Calls SPX Campaign and Short Sales and Phooey
#longcalls
$MTN BTO 7/21/190 calls @ 16.50
$MSFT 7/21 70 calls @ 3.15
#spxcampaign
$SPX STO 6/14 2475/2459 BECS @ 3.50 Thank you @jeffcp66 May the averages take a mid spring break
#shortputs
$MOMO STO 7/21 30/35 BUPS @ 1.00
$WRKS STO 7/21 55 puts @ 1.45 Thanks @jsd501 via DeBeers
#shortcalls Closed out after one roll Probably capitulation at the wrong time
$NVDA BTC 6/9 120 call @ 35.50 $22 loss per contract
SPX puts closed
#SPXcampaign Bought to close $SPX June 9th 2390/2365 put spreads for .20. Sold for 2.25 on May 30th.
SPX calls sold
#SPXcampaign Taking a chance and selling short-term near-the-money call spreads… feels like we’re hitting against resistance and may get some pull back. If I’m wrong, it’s just another one I will be rolling. My account is heavier in put spreads so this helps margin-wise.
Sold to Open $SPX June 14th 2450/2475 call spreads for 3.50.
#SPXcampaign BTC SPX 14 JUN…
#SPXcampaign BTC SPX 14 JUN 17 2290/2190 BuPS @0.25 sold it at 5.25 on 4 MAY 2017. Gained $5.00. On this I would existed while ago, but the market was going up, therefore, I left it for theta to do its work. I also would leave it till expiration since it is 143 out the currant price, but I need the margin to other trades.
SPX trades
#SPXcampaign #ITMroll
Bought to close $SPX June 14th 2395/2420 call spreads for 19.20. Sold for 15.80 on May 31st.
Sold to Open SPX June 21st 2400/2424 call spreads for 19.30.
Was able to close the first one at the lows of the day, then wait for the bounce to get filled on the new one, 5 points higher and for .10 more.
Also, closed June 23rd 2290/2265 put spreads for .35. Sold for 1.35 on May 23rd.
SPX Campaign and Put Sold
#spxcampaign
$SPX STO 6/30 2320/2345 BUPS @ 1.30
$SPX STO 7/14 2255/2305 BUPS @ 2.20
#shortputs
$BLUE STO 6/16 95 put @ 2.00 (Timing not so good)
SPX trades
#SPXcampaign Sold to Open $SPX July 7th 2485/2510 call spreads for 1.55. Working on selling a put spread, too.
STOPPED: Bought to close $SPX June 16th (Friday PM) 2445/2470 call spreads for 4.75. Sold for 2.35 on May 31st. This one filled at 4am during the SPX overnight lows. That gave me the opportunity to roll to higher call spread with no increase in size:
#Rolling: Sold SPX June 23rd 2455/2480 call spreads for 4.80.
SPX Campaign SOLD SPX 12…
SPX Campaign SOLD SPX 12 JUL 17 2340/2240 BuPS @4.50
SPX trades today
#SPXcampaign The morning did not fill me on July 7th spreads I was trying for and then the afternoon was too flat. Will try tomorrow. I made an #ITMroll today:
Bought to close $SPX June 12th 2410/2435 call spreads for 19.65. Sold as part of a #CondorRoll for 7.55 on May 19th.
Sold to Open SPX June 19th 2415/2440 call spreads for 16.40, and June 19th 2400/2375 put spreads for 2.05. Fell a buck short on a breakeven roll since the market took a dive into the close.
$SPX #spxcampaign Sold a 2340/2360…
$SPX #spxcampaign Sold a 2340/2360 Bull Put spread @ 0.85 This was filled near the close in that end of day sag.
SPX Campaign and Earnings Trade $THO
#spxcampaign
$SPX STO 6/21 2360/2385 BUPS @ 1.50
#earnings
$THO STO @jeffcp66 80/110 straddle @ .95 Let’s hammer out some profits.
Closed Early Expiration and Trades
Closed Early
#spxcampaign
$SPX BTC 6/9 2475/2450 BECS @ 3.00 STO @ 1.60
#earnings
$CIEN STC 6/2 23.5 call @ 4.00 BTO @ 1.08 as part of straddle with BTO 23.5 put Net profit 1.88 per contract
#optionsexpiration
$SPX 2285/2310 BUPS
$SPX 2265/2290 BUPS
$AVGO 225/230 BUPS #earnings Thank you @jeffcp66
$SVXY 70 put Thank you @optioniceman
Trades
#shortputs
$SVXY STO 8/18 90 pit @ 2.05 Thank you @jdietz1954
#spxcampaign
$SPX STO 6/12 2400/2425 BUPS @ 3.00 Thank you @jeffcp66
#ironcondor
$AET STO 7/21 135/145 BUPS @ 1.94
$AET BTO 7/21 150/155 BUCS @ 1.49 (Courtesy of Dr Science at OMM)
Have a great weekend.
SPX trades
#SPXcampaign Sold to Open $SPX June 12th 2425/2400 put spreads for 3.30, as a roll for previously stopped spreads. This is not very far OTM, but short term so theta decay should be quick as long as their is no dive in the market on Monday/Tuesday.
Stopped: Closed June 23rd 2465/2490 call spreads for 3.50. Sold for 1.85 on May 25th,
#CondorRoll: Sold June 26th 2360/2390/2490/2420 condors for 3.60. Went 30-wide since there is no 2515 strike for this expiry.
$SPX #spxcampaign All right, I…
$SPX #spxcampaign All right, I have probably done something incredibly stupid but call me chicken. It seems to me that the S&P is just moving up and being short a call spread was not really where I needed to be. So I bought to close the short leg of my June 30th 2480/2500 BeCS @ 4.40, a 2.95 loss. This leaves the long side free to run. I originally bought the long leg at 0.85 so any further up side will help and if it all goes to pot the additional loss will be small.
SPX stopped
#SPXcampaign Bought to close $SPX June 9th 2440/2465 call spreads for 4.60. Sold for 1.40 on May 12th. Not rolled yet.
Also, bought to close SPX June 12th 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 7.55 on May 19th. The call half is ITM and will be an #ITMroll until the next pull back.
SPX trades yesterday and this morning
#SPXcampaign We got another push higher so some stops were hit.
STOPPED: Closed $SPX June 14th 2440/2465 call spreads for 4.90. Sold for 2.35 on May 30th.
#CondorRoll (legs sold separately):
Sold SPX June 21st 2360/2385 put spreads for 2.45
Sold SPX June 21st 2460/2485 call spreads for 2.55
STOPPED: Closed June 30th 2460/2485 call spreads for 4.85. Sold for 1.75 on Tuesday.
#Rolling: Sold SPX Aug 18th 2500/2525 for 4.50 (usually don’t go out this far, but I’m mixing things up)
Sold to Open SPX June 30th 2345/2320 put spreads for 1.50, with SPX at 2430.
All of the following closed on GTC orders:
June 15th 2265/2240 put spreads for .20. Sold for 1.40 on May 17.
June 7th 2390/2365 put spreads for .50. Sold as part of an #IBroll, 5.95 for the put side on May 22.
June 15th 2275/2250 put spreads for .20. Sold for 1.35 on May 19.
Earnings SPX Campaign and Short Puts
Following @jeffcp66
#earnings
$AVGO STO 6/2 225/230 BUPS for 1.50
#spxcampaign
$SPX STO 6/30 2450/2475 BECS @ 1.50
#shortputs
$MOMO STO 6/16/35 put @ .80 Thank you @jdietz1954
SPX trades
#SPXcampaign
Bought to close $SPX June 5th 2375/2350 put spreads for .20. Sold for 2.85 on May 23rd.
Sold to Open SPX June 30th 2475/2500 call spreads for 1.40, with SPX at 2422.
SPX ITM roll
#SPXcampaign #ITMroll Rolling the call spread from the #IBroll I made on May 22nd.
Bought to close $SPX June 7th 2390/2415 call spreads for 17.90. This half sold for 12.15 on May 22.
Sold to Open $SPX June 14th 2395/2420 call spreads for 15.80.
To make up for the debit on the roll, I added another call spread, since I am too heavy in put spreads at the moment and it seems as if upside momentum is waning.
Sold to Open SPX June 16th (Friday PM) 2445/2470 call spreads for 2.35.
$SPX #spxcampaign $SVXY #shortputs Afternoon….
$SPX #spxcampaign $SVXY #shortputs Afternoon. Popping in to see what the damage is near the close. Sold to open June 30th 115 Put @ 2.12 when SVXY was at 152.92. Turned my SPX BuPS trade from yesterday into an iron condor: Sold the June 30th 2480/2500 Call spread @ 0.60 when SPX was at 2411. Have a great rest of the day where ever you are.
SPX calls sold
#SPXcampaign Spent the morning until now trying to coax a good fill for the 2465/2490 spread, but managed to miss every chance. Finally threw in the towel to get a position on.
Sold to Open $SPX June 30th 2460/2485 for 1.75, with SPX at 2407.
SPX trades
#SPXcampaign Sold some extra spreads. These each offset existing spreads in the same expiration to create iron condors:
Sold $SPX June 9th 2390/2365 put spreads for 2.25
Sold $SPX June 14th 2440/2465 call spreads for 2.90
#OptionsExpiration
Expiring today is the May 30th 2420/2395 put spread. With a close at 2414, the 2420 put will exercise for 6.00, which will debit from my account overnight. This spread was sold for 9.25 last Thursday, so approximately 3.25 profit.
#SPXcampaign Sold to Open $SPX…
#SPXcampaign
Sold to Open $SPX June 30th 2310/2285 put spreads for 1.35, with SPX at 2412.
Sold to Open $SPX June 30th 2470/2495 call spreads for 1.40, with SPX at 2415.
#Rollup
BTC $SPX June 14th 2430/2455 call spreads for 4.85 Sold for 3.75 May 24th. Rolled to June 21st 2435/2460 for 5.35
SPX puts sold
#SPXcampaign Sold to Open $SPX June 30th 2310/2285 put spreads for 1.35, with SPX at 2412.
Expirations Closed Earlies and One Trade
#optionsexpiration #spxcampaign
$SPX 2390/410 BUPS
$SPX 2275/2300 BUPS
#vxxgame
$SVXY 85 put
$SVXY 110 put
$SVXY 115 put
Closed Early
#spxcampaign
$SPX BTC 2410/2430 BUCS @17% Max Profit Thank you @jeffcp66 for risk reversal thoughts
#vxxgame
$SVXY BTC 5/26 146 put @ .20 STO @ 5.06
#spxcampaign
$SPX BTO 2424/2445 BUCS @ 1.20 Risk reversal trade
Everyone have a great Memorial Day weekend. For all the veterans out there – Thank you so much.
And to all the bistroites – you are the best.
After close trade:
#SPXcampaign Sold half of this position with small profit; holding the other half for the possible rally Tue/Wed
Sold to close $SPX May 31st 2425/2445 call spreads for 1.30. Bought for .80 on Wednesday.
Options Expiration and final trade
#SPXcampaign I was going to let this expire but forgot I had put an order in this morning to close it.
BTC $SPX March 26th 2415/2390 put spreads for .50. Sold for 5.20 yesterday.
#OptionsExpiration #VXXGame only one…
Expired with full profit: SVXY 85 puts, sold May 17th for .40
Have a great holiday weekend everyone!
SPX puts sold
#SPXcampaign Sold to Open $SPX June 23rd 2325/2300 put spreads for 1.35.
SPX chart is updated
#SPXcampaign So much excitement it took two links to fit it all in. Be sure to click “Home/REFRESH” above to update right-column features.
SPX Campaign and VXX Game
#vxxgame
$SVXY STO 6/30 95 puts @ .90 Thank you @jsd501
#spxcampaign
Long Call Spread Experiment
Closed partial position covering initial cost
$SPX STC 5/26 2410/2430 @ 7.20 BTO @2.95 Nicely done @jeffcp66
#spxcampaign
$SPX STO 5/26 2390/2410 BUPS @ 1.30 Thank you @jeffcp66
$SPX STO 5/31 2395/2420 BUPS @ 7.05 (Smaller position than normal) Thanks @jeffcp66
SPX trades today:
#SPXcampaign $SPX Long list:
Closed for 80-90% of max profit:
June 9th 2255/2235 put spreads for .20
June 2nd 2320/2295 put spreads for .25
May 31st 2360/2335 put spreads for .20
May 30th 2370/2345 put spreads for .20 (on this one I closed some shorts-only for .65 and left the long puts; since my account is heavier on short put spreads, long puts are favorable to margin)
Stopped: June 2nd 2410/2435 call spreads for 8.60. Sold in a #CondorRoll for 4.90 last Thursday.
#ReverseRoll: Sold May 30th 2420/2395 put spreads for 9.25. First time I’ve tried this: ITM put spread above all-time highs, when SPX was at 2411.
#ReverseRoll for previously stopped spreads: Sold May 26th 2415/2390 put spreads; expire tomorrow (hopefully).
Stopped: June 23rd 2450/2475 call spreads for 4.35. Sold for 1.70 on Monday. (not yet rolled)
Stopped: June 23rd 2445/2470 call spreads for 4.65. Sold for 2.70 on Tuesday.
#CondorRoll: Sold June 30th 2315/2340/2470/2495 condors for 4.55
And for a standard weekly spread: Sold June 23rd 2465/2490 call spreads for 1.85
SPX trades yesterday
#SPXcampaign $SPX My apologies for posting trades late. It has been a hectic week after being head-faked on the 17th. Since the Upside Warning I have been aggressively getting long for the short-term.
Yesterday:
Closed June 2nd 2290/2265 put spreads for .20. Sold for 1.40 on May 2nd.
Stopped: June 7th 2400/2425 call spreads for 9.00. Sold for 4.10 on May 17th.
Stopped: June 9th 2415/2435 call spreads for 5.30. Sold as part of a #CondorRoll for 3.10 on May 17th.
#ReverseRoll: Sold June 14th 2390/2365 put spreads for 5.00.
#ReverseRoll: Sold June 16h 2390/2365 put spreads for 5.40.
#LongCallSpread: Bought May 31st 2425/2445 call spreads for .80. Designed to take advantage of the possible strong move up after the Upside Warning fires. So far, so good today.
I’ll post today’s trades in a bit.
One Closed For A Nickel
#spxcampaign
Closed Early
$SPX 5/26 2465/2440 BECS 99% profit
SPX trades yesterday
#SPXcampaign One reverse-roll, one forward-roll, and one standard spread:
Stopped: bought to close SPX May 30th 2405/2430 call spreads for 4.10. Sold for 2.10 on May 17th.
#ReverseRoll: Sold SPX June 5th 2375/2350 put spreads for 2.85, 1.5x position size
Stopped: bought to close SPX June 15th 2430/2455 call spreads for 3.80.
#Rolling: sold SPX June 23rd 2445/2470 call spreads for 2.70, 1.5x position size
Sold to Open SPX June 23rd 2290/2265 put spreads for 1.35
Today’s Recap (I am not in the ZONE!!! Because I am Short AZO Puts:-})
#spxcampaign
$SPX BTC 5/26 2270/2320 BUPS @ .15 94% profit
$spx BTC 5/26 2270/2320 BUPS @1.40 55% profit
#spxcampaign
$SPX STO 6/23 2475/2450 BECS @1.95 Thank you Jeff
#shortcalls
$LABU STO 6/16 48 call @3.20 (Covered)
#spxcampaign All puts btc today…
#spxcampaign
All puts
btc today 2245/2200 @.75
btc 2290/2265 @ .50
btc 2240/2215 @ .75
btc 2250/2230 @ .55
had sold all for 1.50
reason had btc set at .20 but friday wanted out as we are going on vaca later in week and had forgot to reset over weekend back to .20/
still brought in money…just cuddda bee more…
SPX trades today
#SPXcampaign Sold $SPX June 23rd 2450/2475 call spreads for 1.70.
Closed SPX May 26th 2300/2275 put spreads for .20. Sold for 1.40 on Apr 28th.
Got stuck having to #ReverseRoll a double-sized position into calls last Wednesday, and had to stop out of them today. So I sold an #IronButterfly, or an #IBroll. This allows me to cut my position size in half, and spreads the risk more moderately in both directions rather than heavily in one direction. I will look to close each side when they get cheap, and if I’m stuck with either side significantly ITM a week before expiry, I will do an #ITMroll.
Stopped: closed SPX May 31st 2390/2415 call spreads for 9.35. Sold for 4.80 last Wednesday.
#IBroll: Sold June 7th 2365/2390/2415 iron butterflys for 18.10.
No expirations, final trades…
#Earnings Closed $HD May 19th 157.5 puts for 1.05. Sold in the 155/157.5/160 broken-wing #IronButterfly for 2.82 on Monday.
#Rolling Closed $PANW May 19th 135 put for 18.60. Sold for 25.90 on Apr 19th (as a roll). Sold June 16th 110p for 3.30, and June 16th 130 put for 15.30. Brought my ITM put down 5 points.
#SPXcampaign Sold to Open $SPX June 15th 2275/2250 put spreads for 1.35.
Sold to Open May 31st 2360/2335 put spreads for 2.70… offsets threatened 2390/2415 call spreads for the same expiry.
SPX roll
#SPXcampaign So far this Downside Warning is shaping up to be a big failure. I’m going to have to review the set up as the signal is not as reliable in the last couple years as it was prior to 2015. However, until we close below 11.00 (which could be today), we could still weakness next week. The rally today could be an OpEx thing.
But regardless, I was too aggressive on reverse rolls on Wednesday; placed too many below the Tuesday high of 2405, which should have been my line in the sand.
Bought to close $SPX May 26th 2380/2405 call spreads for 10.50. Sold for 8.00 on Wed as a #ReverseRoll
Sold to Open SPX June 12th 2315/2340/2410/2435 #CondorRoll for 7.55, 1.5x position size. One side of that will likely require further attention, but the idea is to get the current ATM spread out of play.
Late Trades
#shortputs
$SVXY STO 6/16 100 put @ 2.25
#spxcampaign
$SPX STO 5/26 2279/2320 BUPS @ 3.00
Red wallpaper? Did I miss Valentine’s Day?
SPX roll
#SPXcampaign Having to roll out call spreads already…. Reverse rolling not working as well as usual, but I admit this one I sold this morning was much too aggressive.
Stopped SPX May 19th 2370/2395 call spreads for 7.00. Sold this morning for 3.20.
#CondorRoll Sold June 2nd 2295/2320/2410/2435 condors for 4.90, 1.5x position size.
SPX trades
#SPXcampaign I am selling this rally, even though its strength is unusual for the day after a warning. It is certainly true that the Downside Warning can represent an SPX bottom, so I’m being cautious and ready to manage call spreads if the rally continues.
#RiskReversal: Wish I’d waited to enter this one, but oh well. This was entered at the open and meant to take advantage of possible strong moves down today or tomorrow.
Bought SPX May 24th 2300/2275 put spreads for 2.20
Sold SPX May 24th 2385/2410 call spreads for 2.60
Stopped: SPX Jun 9th 2290/2265 put spreads for 2.80 (this hit my 3.00 stop)
#ReverseRoll Sold SPX May 19th 2370/2395 call spreads for 3.20. Expires Friday afternoon, unless I have to roll it.
Sold to Open $SPX June 15th 2430/2455 call spreads for 1.85, with SPX at 2366.
#spxcampaign STO call June 2…
#spxcampaign
STO call June 2 2405/2430 @2.70
completes IC
#spxcampaign IMHO we are approaching…
IMHO we are approaching this weeks expected down move for the spx, and it should be vigorously defended by “them”
sooooo no worries!!!!
SPX – I’m a rolling m*th**f***er
#SPXcampaign Whew! What a day. Playing the SPX campaign means you’ll have rough days like this. My only disappointment today was the May 17th 2380/2355 spread I should have closed yesterday. That’s the only stopped spread that i have not yet rolled. Will add on some rolls in the coming days. All other trades pretty much as the [lan goes on such a sharp down day; despite the drawdown in the accounts today, positioning to gain it all back and then some in coming weeks.
I have been prepping a revised webinar on the strategy and have seen that when a Downside Warning or Upside Warning first hits, selling reverse rolls around and above recent extremes is a safer bet than rolling further out in the same direction. So today, I rolled most back into call spreads, since the odds are we will not be returning to 2400 area for at least a couple weeks.
Here are my trades since 2p ET, when things started to really crater:
BTC SPX May 17th 23870/2355 for 14.00. Sold for 2.35 on May 9th (not yet rolled).
Stopped SPX May 19th (Friday PM) 2350/2335 puts for 3.85. #ReverseRoll to May 31st 2390/2415 calls for 4.80 (extra premium will be applied to another roll).
BTC June 9th 2450/2475 calls for .20; sold for 1.50 on May 10th.
Stopped June 9th 2310/2285 puts for 3.35; #ReverseRoll to June 7th 2400/2425 calls for 4.10.
Stopped May 26th 2365/2340 puts (risk/reversal) for 7.85. #ReverseRoll to May26th 2380/2405 calls for 8.00.
STC May 26th 2410/2430 long call spreads (risk/reversal) for .80.
Stopped May 22nd 2375/2350 puts (risk/reversal) for 9.40. #ITMroll to May 30th 2370/2445 put spreads for 7.60, with May 30th 2405/2430 call spreads for 2.10 added to make up for debit.
STC May 22nd 2410/2435 long call spreads (risk/reversal) for .20. First half sold Monday for 3.30.
Stopped June 2nd 2310/2285 puts for 2.75. #CondorRoll to June 9th 2235/2255/2415/2435 for 3.10.
SPX Campaign Short Puts and Early Closing (Sky Is Falling!) ;-)
#spxcampaign
$SPX STO 6/2 2285/2310 BUPS @ 2.25
$SPX STO 6/2 2265/2290 BUPS @ 1.50
$SPX STO 6/9 2265/2290 BUPS @ 1.60
#shortputs
$SVXY STO 5/19 148 puts @ 2.25
$SVXY STO 5/19 122 puts @ 1.07
$SVXY STO 6/23 112 puts @ 1.50
$SVXY STO 6/30 95 puts @ 1.80
Thanks to all the fellow short putters (Olympic Event?)
$WYNN STO 6/16 110/120 BUPS @ 2.23
Closed Early (Stops Hit)
$FDX BTC 5/19 200/195 BECS @ .38 30 % profit
$AMZN BTC 5/19 980/970 BECS @ 66% profit
$NFLX STC 5/19 150 call @ 7.56 BTO @ 5.55
Downside Warning has fired
Downward we go
Lows of the day?
Wow just hit a new low with a spike down to 2367.69. It may have been a capitulation low, at least for a few minutes, or for the day. But in any case, the day has gotten uglier, not prettier.
I’m stuck exiting the May 17th 2380/2355 on this bounce, which sucks because it was going for .20 yesterday. I’m also pressured on the two risk/reversals I have running, which will likely need to be rolled. #SPXcampaign
#spxcampaign sto 2240/2215 put @…
#spxcampaign
sto June 16 ,2240/2215 put @ 1.50
sto June 16,2245/2220 put @1.50
Downside signal, Upside Warning is canceled
#VIXIndicator, #SPXcampaign
The VIX crossed 13.03, which is 25% above the 2-day closing low. This cancels the upside warning and sets us up for the possibility of a downside warning. We now need to be cautious of further weakness, but also the possibility that, without a full downside warning in effect, that we may bounce from this week’s lows. We’d have to reach 14.34 today for a Warning to go into effect.
I will be looking to manage some pressured put spreads today.
$SPX #spxcampaign Bought to close…
$SPX #spxcampaign Bought to close that June 02 2310/2330 BuPS spread I put on yesterday @ 0.80 for 2.35. I waited to see if the market would bounce after the pull back in place of a panic trade. I still have much to learn for these types of trades.
Options Bistro 