#spxcampaign
Fingertips not strong enough to hold on.
$SPX 11/25 2235/2210 BECS BTC @ .75 for 42% profit
Tag Archives: SPXcampaign
SPX Trade
#spxcampaign
As we bump the 2210( 61% fib Ext ) I took my Dec16 Spread profit….
BTC 2 Dec16 2080 short puts at 2.50, sold on 17-Nov at 6.20
SPX calls closed, both short and long
#SPXcampaign We are up only .25% on the day, and pushing higher. I don’t want my short 2210’s to fly up in price. So…
Bought to close $SPX Nov 25th 2210 calls for .85. Sold as the 2210/2235 call spreads for 1.50 on Oct 28th.
To offset the loss, I am closing my long Dec 5th call spread I bought for 1.90 on Monday. Closed some for 2.95, watching the rest for the next push up. I would keep this longer, but since it expires a week from Monday and is still fairly far OTM, I’m exiting now as a pullback could be coming next week.
Sold to close $SPX Dec 5th 2230/2250 LONG call spreads for 2.95.
I remain bullish into Xmas, but believe a pullback could be in the cards before another push higher. After Xmas, I will be on guard for January volatility, since we have seen that happen in the last THREE Januarys (2014,2015,2016).
SPX calls sold
#SPXcampaign Sold to Open $SPX Dec 23rd 2275/2300 call spreads for 1.40, with SPX at 2209.
#spxcampaign STO Dec 12 SPX…
#spxcampaign STO Dec 12 SPX 2145/2120 at $1.80 when the SPX was at 2107.77
Preemptive SPX roll
#SPXcampaign #CondorRoll #Rolling Since I believe risk is still to upside, I am rolling this one early. My stop on this was 2205 (20 points OTM); we came close yesterday and I believe we will break that level later today or Friday.
STOPPED: Bought to close $SPX Dec 9th 2225/2250 for 4.60. Sold as part of a #CondorRoll for 2.15 on Nov 3rd.
#CondorRoll: Sold to Open Dec 15th 2100/2125/2245/2270 condors for 5.10 (same position size).
Use Hashtags!
I am ceasing the categorization of everyone’s posts and encouraging the use of hashtags. For the last year I have been going into my Admin screen to categorize everyone’s posts by strategy, such as #SPXcampaign or #VXXGame. But that’s simply too exhaustive now that more Contributors are signing up.
So, to help us in our search efforts and help newbies review trades under different categories, please try to use Hashtags in your posts. For Contributors, you will see common examples of hashtags in the window where you write your new post. In the right-hand column of the site, all members can see the “Most Used Hashtags” window for reference as well. Everyone can also use hashtags in the comments underneath posts.
So before posting, #Hashtag-It!
SPX calls rolled
#SPXcampaign #ReverseRoll
Bought to close $SPX Dec 2nd 2220/2245 call spreads for 3.50.
Sold to Open $SPX Dec 9th 2150/2125 put spreads for 2.65, 1.5x position size.
SPX puts sold
#SPXcampaign Sold to Open $SPX Dec 23rd 2085/2060 for 1.40, with SPX at 2202. Not waiting for a pullback because I’m not expecting one this week.
SPX, reverse rolling and going long
#SPXcampaign Bought to close $SPX Nov 23rd 2200/2220 call spreads for 3.20. Sold for 4.00 on Nov 9th.
Sold to open SPX Nov 30th 2170/2145 put spreads for 2.50, 1.5x position size (#ReverseRoll)
The above stopped spread expires Wednesday but we could be up to 2210 by then. Reverse rolled back into some puts, one week further out. Also, bought some LONG call spreads, targeting a double or triple:
Bought to open $SPX Dec 5th 2230/2250 call spreads for 1.90.
SPX ATM put spread sold
#SPXcampaign Since signs are bullish with likely Upside Warning, sold the following ATM put spread as a roll from a stopped call spread from last week:
Sold to Open $SPX Dec 9th 2190/2165 put spreads for 8.25, with SPX at 2190.
SPX call spreads rolled
#SPXcampaign Buy To Close $SPX Dec 9 2235/2260 call spread @ 2.20. 2X Roll, STO Dec 23 2265/2290 call spreads @ 1.40. SPX @ 2192.
SPX calls sold
#SPXcampaign Sold to Open $SPX Dec 23rd 2260/2285 call spreads for 1.70, with SPX at 2192.
SPX Position Chart and VIX Indicator are updated
#SPXcampaign Long overdue on the chart update. I have rolled my way mostly out of the election week whipsaw and have been keeping barely ahead of the rally.
#VIXIndicator If we have another close below 13.59 on Monday, it will trigger an upside warning. If it happens, watch for new all-time highs as we surge higher.
SPX puts closed
#SPXcampaign Bought to close $SPX Nov 23rd 2215/2240 call spreads for .20. Sold for 1.30 on Oct 26th.
SPX puts sold
#SPXcampaign Sold to open $SPX Dec 15th 2065/2040 put spreads for 1.40, with SPX at 2186.
SPX calls sold
#SPXcampaign Sold to Open $SPX Dec 15th 2255/2280 call spreads for 1.30, with SPX at 2182.
The fear trade…. time to roll?
Back on October 13th I suggested an in-the-money put spread that some of you followed (original post here: https://optionsbistro.wordpress.com/2016/10/13/overcoming-fear/).
The trade was the Nov 25th 2175/2150 put spread for 14.00, when SPX was at 2123. Since that day, SPX got to a low of 2083 and a high of 2184 (today). So it is not ITM at the moment. This makes the decision on whether to roll a bit tough. With the current bullish trend, it is likely to expire worthless. But if we breakdown and go below 2175 again, the value of the spread will shoot up quickly against you.
So today you have three options:
1. Close the trade and take a nice profit.
2. Roll the trade into the following week for even or slight credit. You will be able to move your strikes 10 points lower, to the Dec 2nd 2165/2140 spread. This is basically what we’d be doing if we were still ITM (although not as easily). You can also choose to roll it to a further week at lower strikes.
3. Stick with the trade for more upside and a cheaper exit next week, or expire worthless.
I will probably be taking option 3, but watching closely through tomorrow. If this breakout fails, I will probably be rolling it before the weekend.
Questions welcome, and let us know what you do with the trade! #SPXcampaign #FearTrade #ITMrolling
SPX puts closed
#SPXcampaign
Bought to close $SPX Nov 23rd 2085/2060 put spreads for .10. Sold for 3.55 on Election Day.
Bought to close $SPX Dec 9th 1975/1950 put spreads for .20. Sold for 1.40 on Nov 9th.
SPX put spreads closed
#SPXcampaign BTC $SPX Dec 9 1975/1950 put spreads @ .20. STO Nov 9 @ 1.40
SPX roll
#SPXcampaign #ReverseRoll
Sold to Open $SPX Dec 2nd 2100/2075 put spreads for 1.45. This is another roll for the Nov 17th call spreads I had to close yesterday.
SPX trades
#SPXcampaign Sold to Open $SPX Dec 15th 2035/2010 put spreads for 1.30, with SPX at 2175.
Bought to close $SPX Nov 25th 2180/2205 call spreads for 7.80. Sold for 9.50 on Nov 9th as a roll. Profit in this one, but because it was a roll I will need to roll it again. I will look to do so later today.
More puts closed…
#SPXcampaign Bought to close $SPX Dec 9th 1875/1850 put spreads for .10. Sold as part of a #CondorRoll for 2.10 on Nov 3rd.
$SXVY BTC Dec 16 50…
$SXVY BTC Dec 16 50 puts @ .55 STO Oct 9 @ 2.87 taking 80%, my target at 31 DTE.
#SPXcampaign STO $SPX Dec 16 2245/2270 put spreads @ 1.50 Edit: SPX @ 2170
SPX puts closed
#SPXcampaign Bought to close $SPX Dec 2nd 1925/1900 put spreads for .10. Sold as part of a #CondorRoll for 2.10 on Oct 28th.
SPX puts closed
#SPXcampaign Bought to close $SPX Nov 25th 2025/2000 put spreads for .20. Sold for 2.05 on Election Day.
SPX puts closed
#SPXcampaign Bought to close $SPX Dec 2nd 1945/1920 put spreads for .20. Sold for 1.45 on Nov 1st.
SPX calls sold
#SPXcampaign Sold to Open $SPX Dec 15th 2250/2275 call spreads for 2160, with SPX at 2168.
SPX puts sold
#SPXcampaign Sold to Open $SPX Dec 9th 2025/2000 put spreads for 1.50, with SPX at 2161.
SPX puts closed
#SPXcampaign In the pre-market, the following spreads closed:
Bought to close $SPX Nov 17th 1990/1965 put spreads for .20. Sold for 1.45 on Oct 20th.
Bought to close $SPX Dec 2nd 1895/1870 put spreads for .20. Sold for 1.40 last Thursday.
SPX calls sold
#SPXcampaign Sold to Open $SPX Dec 9th 2245/2270 call spreads for 1.25, with SPX at 2176.
Options Expiration 11/9/16
#SPXcampaign #OptionsExpiration
–Expiring–
SPX Nov 9th 1990/1965 put spreads. Sold for 1.90 on Friday.
SPX Nov 9th 2025/2000 put spreads. Sold for 1.30 on Monday.
SPX Nov 9th 2100/2075 put spreads. Sold for 4.50 on Monday.
SPX call spreads stopped
#SPXcampaign Couldn’t get a break again, fourth day own a row I’ve been hit with ATM stops. This is all due to my aggressive selling of short-term, near-the-money spreads… these are NOT the usual SPX campaign trades.
Bought to close $SPX Nov 9th 2165 calls for 3.90. Sold as the 2165/2180 call spreads on Monday for 1.75.
Bought to close $SPX Nov 11th 2165/2190 call spreads for 9.35. Sold for 1.70 on Nov 4th.
Working on rolls for both. Plan to sell aggressive call spreads.
SPX spread trades
#SPXcampaign Earlier trades:
STO Dec 9 1975/1950 puts @ 1.40 with SPX @ 2131
STO Dec 9 2235/2260 calls @ 1.35 with SPX @ 2155
Whether you are red or blue, let it be known that the left coast is all “green,” yes, California approved recreational pot yesterday! So, one can safely travel the length of the coast enjoying every moment!
SPX put spread sold
#SPXcampaign Sold to Open $SPX Dec 9th 1975/1950 put spreads for 1.40,m with SPX at 2130. Back to my normal spread selling, as several extra spreads will be expiring today.
SPX puts closed
#SPXcampaign I went to bed thinking I’d be rolling under water put spreads…. instead my close orders are filling.
Bought to close $SPX Nov 11th 1980/1955 put spreads for .20. Sold for 1.30 on Oct 14th.
Bought to close $SPX Nov 17th 1960/1935 put spreads for .20. Sold for 1.50 on Oct 17th
SPX Position Chart updated
#SPXcampaign I included positions traded today as well. I have not yet connected all the rolls with arrows.
This is my third day straight of closing spreads close to expiry at the worst price of the day. It is quite frustrating, but part of trading. It means I will have to sell more roll-spreads to make up for the huge premium I paid to exit.
I have closed my Nov 9th 2150/2175, but will be leaving on the Nov 9th 2165/2180. One reason is that it is only a 15-point spread, which will mean even if it’s fully ITM it will be easy to roll to my usual 25-point width.
If Trump somehow pulls it out, OR if it is too close to call, we’ll go down… question is, how far and how fast? I want to be clear that I’m not commenting on my political leanings. It is just that the markets have made it clear: a Hillary win is bullish, Trump is bearish. And it seems very likely Clinton will win. If she does, I believe we will rally but I will be looking to fade it. If VIX drops below 13.59 (from the #VIXIndicator), I will look to be bullish.
SPX reverse roll
#SPXcampaign The Comey letter on Sunday changed everything, so call spreads sold Friday are getting crushed. I’m rolling this one before it gets ATM, as I cannot risk an explosive rally tomorrow.
BTC $SPX Nov 9th 2150/2175 call spreads for 12.75. Sold for 2.15 on Friday.
STO $SPX Nov 23rd 2085/2060 put spreads for 3.55, 2x position size, as partial roll. I would like to sell the call side of this roll tomorrow.
Head spinning bullishness
#Market #SPXcampaign If Hillary wins tonight, there is the chance of a very large explosion of a rally tomorrow. I am thus rolling out of my Nov 9th 2150/2175 call spread. Been trying to get out since we went positive, but no breaks yet in the move up.
SPX calls sold
#SPXcampaign Sold to Open $SPX Dec 9th 2230/2255 call spreads for 1.30, with SPX at 2132.
When a neighbor calls
#SPXcampaign While working my order to exit the 2120 calls with SPX in the 2125 area, my doorbell rang so I went and answered a question from my neighbor. About 3 minutes away from the computer caused about a $3K loss. Market took off and now I’m letting it exercise. I continue my streak of horrible exits from ATM/ITM spreads!
Exercised: Nov 7th 2120/2140 call spreads for 11.50. Sold Friday for 1.35.
Sold two put spreads expiring Wednesday as a partial roll:
STO Nov 9th 2100/2075 put spreads for 4.50
STO Nov 9th 2025/2000 put spreads for 1.30.
Also, expiring today:
Nov 7th 2065/2040 put spreads, sold Friday for 1.45.
SPX calls sold
#SPXcampaign #PlayingWithFire
Sold to Open $SPX Nov 9th 2165/2180 call spreads for 1.75. Already short a 2150 for that day, and a 2120 today. Thought I could sneak out of today’s expiration but looks like I will need to roll.
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 9th 2150/2175 call spreads for 2.15, with SPX at 2090. Creates a condor with the put spread I sold a few minutes ago. Three days to go and 160 points between shorts.
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 9th (Wednesday) 1990/1965 put spreads for 1.90.
Even if the worst possible election outcome happens, will the market tank to 1990 on Wednesday?
SPX 1-day put spread sold
#SPXcampaign Sold to Open $SPX Nov 7th (Monday) 2065/2040 put spreads for 1.45. Offsetting Nov 7th call spread I sold earlier.
SPX calls closed
#SPXcampaign Bought to close $SPX Nov 17th 2215/2240 call spreads for .20. Sold for 1.50 on Oct 20th.
SPX calls sold
#SPXcampaign I am selling some short-term call spreads today in the belief that the market remains weak, and even if we do recover these spreads are far enough OTM for their expiration dates.
Sold to Open $SPX Nov 7th 2120/2140 call spreads for 1.35, with SPX at 2096.
Sold to Open $SPX Nov 11th 2165/2190 call spreads for 1.70, with SPX at 2097.
SPX rolls
#SPXcampaign Well, that was adventurous. Managed it 75% well, 25% terribly. Stopped out on the ATM spread with a horrible price, but did well with the rest.
Bought to close $SPX Nov 4th 2090/2065 put spreads for 8.10. Sold for 1.90 on Oct 25th.
Partially rolled to Nov 4th 2065/2040 put spreads, double-sized, for 1.475 (avg price)
Bought to close $SPX Nov 25th 1980/1955 put spreads for 3.25
Rolled to Dec 9th 1850/1875/2225/2250 iron condors for 2.15, 1.5x position size
SPX puts sold
#SPXcampaign Sold to Open $SPX Dec 2nd 1895/1870 put spreads for 1.40, with SPX at 2090. I am looking to stop and roll two spreads by the end of today. I believe chances for a bounce are good with the Job numbers tomorrow, but can’t risk it with borderline spreads.
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 30th 2200/2225 call spreads for 1.30. This is the second call spread for my Dec 2nd lot. I used Wednesday options because the Friday expiration was already crowded with three spreads due to a roll last week.
SPX call-roll closed
#SPXcampaign After the bell, bought to close $SPX Nov 11th 2225/2250 call spreads for .10. Sold as part of a #CondorRoll on Friday for 2.10. The 1925/1900 put half is still going.
SPX next-day spread closed
#SPXcampaign Bought to close $SPX Nov 2nd 2075/2050 put spreads for .25. Sold for 1.50 two hours ago.
SPX stop and reverse roll
#SPXcampaign With significant weakness in the market I am getting some put spreads out of the way before they have a chance to get ugly.
Bought to close $SPX Nov 11th 2000/1975 put spreads for 2.75, sold for 1.30 on Oct 11th.
#ReverseRoll: Sold to Open Nov 17th 2185/2210 call spreads for 2.10, with 1.5x position size.
SPX next-day puts sold
#SPXcampaign Sold to open $SPX Nov 2nd 2075/2050 put spreads for 1.50, with SPX at 2104. Expires tomorrow (hopefully).
SPX puts sold
#SPXcampaign Sold to Open $SPX Dec 2nd 1945/1920 put spreads for 1.45, with SPX at 2123.
SPX calls closed, calls sold
#SPXcampaign Bought to close $SPX Nov 11th 2220/2245 call spreads for .20. Sold for 2.00 on Oct 14th.
Sold to Open $SPX Dec 2nd 2220/2245 call spreads for 1.40, with SPX at 2130.
SPX roll sold
#SPXcampaign #CondorRoll Sold to Open Dec 2nd 1900/1925/2225/2250 iron condors for 2.10. Rolled from Nov 25th spread stopped earlier, using 1.5x position size.
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 25th 2210/2235 call spreads for 1.50, with SPX at 2126.
SPX puts stopped
#SPXcampaign STOPPED Bought to close $SPX Nov 25th 2025/2000 put spreads for 2.85. Sold for 1.55 on Tuesday. Looking to roll into an iron condor, Dec 2 expiration.
SPX same-day puts closed with loss
#SPXcampaign STOPPED Bought to close $SPX Oct 28th 2120/21000 put spreads for 2.85. Sold a few minutes ago for 1.35. Can’t bat a thousand on ’em all! Ugly looking, and with the spread ATM, this price can move against me super fast. Will consider rolls next week. For now, looking to take a stop on a Nov 25th spread.
SPX same-day puts
#SPXcampaign Sold to Open $SPX Oct 28th 2120/2100 put spreads for 1.35. Expiring in 2.5 hours.
SPX calls closed
#SPXcampaign Bought to close $SPX Nov 4th 2185/2210 call spreads for .20. Sold for 2.25 on Oct 19th. I’ve been trying to sell a call spread, but instead one closed.
SPX puts sold
#SPXcampaign Fourteen minutes after the close, Sold to Open $SPX Nov 25th 1980/1955 put spreads for 1.40.
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 25th 2215/2240 call spreads for 1.30, with SPX at 2140.
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 4th 2090/2065 put spreads for 1.90, with SPX at 2142. This is a bonus spread expiring next Friday.
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 25th 2025/2000 put spreads for 1.55, with SPX at 2150.
SPX put spreads closed
#SPXcampaign Bought To Close $SPX Nov 4 1975/2000 put spreads @ .15, sold on Oct 4 @ 1.40
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX Nov 4th 2010/1985 put spreads for .20. Sold for 1.45 on Oct 4th.
SPX puts sold
#SPXcampaign On the lowest tick of the day, this order filled: Sold to Open $SPX Nov 17th 1990/1965 put spreads for 1.45, with SPX at 2133.
SPX calls closed
#SPXcampaign Before selling the spread below, this one closed 9 minutes after the open: Bought to close $SPX Nov 4th 2215/2240 call spreads for .20. Sold for 1.65 on Oct 7th.
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 17th 2215/2240 call spreads for 1.50, with SPX at 2146.
$SPX IC closed at 60%
Another IC closed this morning at 60% max profit.
BTC SPX Nov 4 2220/2210/2000/1990 for 0.40.
Sold this originally for 1.05.
I know it may seem like these are little amounts. Yes, only 0.65 minus commissions. These add up. I’m actually having one of my best months ever.
Thanks to @Jeff for getting me interested in $SPX spreads last year with the #SPXcampaign, and thanks to TT for helping me see that getting out at the 50% level is profitable for the long run.
Options Expiration 10/19/16
#OptionsExpiration #SPXcampaign
Expiring today $SPX Oct 19th 2055/2080/2150/2175 iron condors, sold as a roll last Thursday for 5.25.
SPX extra calls sold
#SPXcampaign My call spreads for Nov 4th were already closed for profits, but since I still have some put spreads open, I sold an extra call spread to offset:
Sold to open $SPX Nov 4th 2185/2210 call spreads for 2.25, with SPX at 2141.
SPX puts closed
#SPXcampaign Bought to close $SPX Oct 28th 202/1985 put spreads for .2o. Sold for 1.30 on Sept 29th.
Options Bistro 