SPX ITM roll

#SPXcampaign I’ve been rolling this one for a few weeks, started as the Aug 18th 2130/2165. I waited until one week before expiry and roll 5-points higher, adding an additional call or put spread as necessary to make up for lost premium in each roll.

This week is the first time I’m making the roll while the full spread is OTM. This allowed me to jump 15 points higher. Now I can roll the spread higher when and if the short strike becomes ATM.

Bought to close $SPX Sept 15th 2150/2175 call spreads for 6.00. Sold for 19.50 last Tuesday.
Sold to Open $SPX Sept 23rd 2165/2190 call spreads for 6.00.

#ira

SPX roll sold

#SPXcampaign Sold to Open $SPX Oct 5th 2215/2240 call spreads for 1.70. This is a #ReverseRoll from the Sept 23rd 2050/2025 put spreads stopped on Friday for 2.55. I used extra contracts to give me a credit on the roll.

If this morning was the bottom, I still believe it will be unlikely to get up above 2200 by early October.

SPX calls sold

#SPXcampaign Sold to Open $SPX Oct 14th 2225/2250 call spreads for 1.30, with SPX at 2135.

SPX calls closed

#SPXcampaign In pre-market, bought to close $SPX Sept 30th 2245/2270 calls for .20. Sold for 1.35 on Aug 29th.

Looking to sell calls this morning, and wait to sell puts at lower levels.

SPX puts stopped

#SPXcampaign With such an ugly close I see a very high chance that any short put spreads will open Monday at least a dollar further in the hole. So,

Bought to close $SPX Sept 23rd 2050/2025 put spreads for 2.55. Sold for 1.25 on Aug 24th. I will look to roll next week. This leaves me with only 4 put spreads going into next week, as opposed to 8 call spreads.

SPX Calls sold

#SPXcampaign i have been trying to sell the 2220/2245 calls all day, but price kept slipping lower. So I threw in the towel and moved a strike lower.

Sold to Open $SPX Oct 7th 2215/2240 call spreads for 1.50.

SPX puts stopped

#SPXcampaign This one did not quite hit my 3.00 stop, but because the Downside Warning fired, I closed it early.

Bought to close $SPX Sept 30th 2050/2025 put spreads for 2.60. Sold for 1.50 on Aug 30th.

I will wait to roll this on Monday, unless we rally into close today in which case I will reverse-roll into calls.

SPX reverse roll

#SPXcampaign #reverseroll
Bought to close $SPX Sept 21st 2125/2100 put spreads for 4.20. Sold for 1.90 on Wednesday.
Sold to Open $SPX Sept 28th 2190/2215 call spreads for 4.50.

This shifts the risk to the upside at around the all-time high, with no position size increase and a .30 credit.

SPX puts sold

#SPXcampaign – Sold another standard spread and a roll

Sold to Open $SPX Oct 7th 2000/1975 put spreads for 1.40.
Sold to Open $SPX Oct 14th 2025/2000 put spreads for 2.10, rolled from Oct 7th spread stopped earlier, 1.5x position size.

SPX puts stopped, VIX Indicator

#SPXcampaign Bought to close $SPX Oct 7th 2075/2050 put spreads for 2.85. Sold for 1.55 on Tuesday.

Will look to roll this later today. Also trying to stop out of a Sept 21st put spread at the moment.

The VIX intraday high so far is only .11 short from firing a VIX Indicator signal. A second signal is required for a Downside Warning, but that level for today would be 16.53, so it’s unlikely we’ll get a warning today.

SPX calls closed

#SPXcampaign Bought to close $SPX Sept 15th 2215/2240 calls for .20. Sold for 2.40 on Aug 29th.
Bought to close SPX Sept 23rd 2240/2265 call spreads for .20. Sold for 1.65 on Aug 26th.

SPX puts closed

#SPXcampaign Bought to close $SPX 2140/2115 put spreads for .20. Sold for 3.35 on Aug 19th.

SPX put spread sold

#SPXcampaign Selling an extra spread in the Sept 21st (Wednesday) series since I sold some calls there yesterday. When SPX was at 2180, sold to open $SPX Sept 21st 2125/2100 put spreads for 1.90.

SPX put spread closed

#spxcampaign
BTC SPX Sep 7 2165/2160 BuPS @ .10 opened Sep 7 @ .25 for an 11 hour trade. Taking risk off for a small profit.

SPX puts sold, then puts closed

#SPXcampaign Sold to Open $SPX Oct 7th 2075/2050 put spreads for 1.50, with SPX at 2184.

Bought to close SPX Sept 15th 2075/2050 puts for .20. Sold for 1.60 on Aug 16th

SPX calls sold, puts closed

#SPXcampaign Sold to Open $SPX Oct 7th 2240/2265 call spreads for 1.55.
Bought to close SPX Sept 15th 2065/2040 put spreads for .20. Sold for 1.30 on Aug 24th.

SPX ITM rolling

#SPXCampaign My weekly ITM roll-out continues, so far so good. My short has moved from 2130 to now 2150. If a correction doesn’t close the whole thing, I will eventually be able to roll out by moving up 5 points per week.

Bought to close $SPX Sept 9th 2145/2170 call spreads for 22.00. Sold for 17.50 on Aug 26th.
Sold to open $SPX Sept 15th 2150/2175 call spreads for 19.50, and to make up for the roll debit:
Sold to Open $SPX Sept 21st 2210/2235 calls for 3.25.

SPX calls closed

#SPXcampaign Everyone was waiting for these job numbers; volatility is being drained out of positions and GTC orders are filling…

Bought to close $SPX Sept 9th 2210/2235 call spreads for .20. Sold for 1.70 on Aug 26th.

$SPX #SPXcampaign SPX Put Spread…

$SPX #SPXcampaign SPX Put Spread – Posting this before I get a fill, or if I don’t, not chasing it.
Order in to STO SPX Sep 6 2150/2145 puts @ .25. Tuesday expiration.

SPX spread trades

$SPX #SPXcampaign
BTC SPX Sep 9 2095/2070 put spreads @ .20 sold for 1.20 on Aug 8.
STO SPX Sep 23 2230/2255 call spreads @ 1.40 when SPX was at 2184

SPX calls sold

#SPXcampaign Sold to Open SPX Sept 23rd 2210/2235 call spreads for 4.75
Sold to Open SPX Sept 30th 2235/2260 call spreads for 1.60

SPX closed trades in pre-market

#SPXcampaign A couple filled in middle of night, and more after the jobs number was released:
3:10am ET Bought to close SPX Sept 2nd 2175/2200 calls for 3.50. Sold for 14.40 on Aug 9th (as a roll).
3:24am ET Bought to close SPX Sept 15th 2235/2260 calls for .20. Sold for 1.45 on Aug 18th.
8:30am ET Bought to close SPX Sept 9th 2060/2035 puts for .20. Sold for 1.25 on Aug 10th.
8:33am ET Bought to close SPX Sept 2nd 2140/2115 puts for .20. Sold for 1.30 on Tuesday.
9:01am ET Bought to close SPX Sept 9th 2080/2055 puts for .20. Sold for 1.30 on Aug 12th.

SPX puts sold

#SPXcampaign Sold to Open $SPX Sept 30th 2010/1985 put spreads for 1.30, when SPX was at 2157. I bottom-picked this one nicely, and I wasn’t even home at the time!

I’m thinking of doing a…

I’m thinking of doing a NUGT trade Oct 16 $14 put for 1.15 cr? Please tell me your thoughts on this trade. I have just started trading NUGT.

#contangoetfs, #spxcampaign

#contangoetf

$SPX call spreads

#SPXcampaign – STO $SPX Sep 2 2195/2200 call spreads @ .25 completes an Iron Condor with Sep 2 SPX 2130/2125 put spreads at .30 opened earlier. Now let the juggling begin, in what some are saying is the slowest trading week of the year?!

SPX short put spreads

#SPXcampaign Sold to Open $SPX Sep 2 2130/2125 put spreads @ .30. Expires Friday.

SPX puts sold

#SPXcampaign Sold to Open $SPX Sept 2nd 2140/2115 put spreads for 1.30, w/SPX at 2169. Short-termer expiring Friday.

SPX Puts Bought to Close

$SPX #SPXCampaign – BTC Sep 2 2105/2080 put spreads, a GTC order at today’s open, @ .20. Sold to open Aug 16 @ 1.25.

SPX puts sold

#SPXcampaign Sold to Open $SPX Sept 30th 2050/2025 put spreads for 1.50, with SPX at 2174.

SPX puts closed

#SPXcampaign Bought to close $SPX Aug 31st 2140/2115 put spreads for .20. Sold for 2.45 on Aug 12th.

#SPXcampaign STO -SPX 7 OCT…

#SPXcampaign STO -SPX 7 OCT 16 2250/2275 CALL @1.55

More SPX calls sold

#SPXcampaign Sold to Open $SPX Sept 15th 2215/2240 call spreads for 2.40, with SPX at 2178. This is the second part of my ITM roll from Friday; I needed an extra 1.60 to make up for the debit that the roll required to move up a strike. I usually fill that gap with puts, but since we are up today and call spreads have been working brilliantly, I replaced the call spread that closed early this morning with this roll.

SPX calls sold

#SPXcampaign Sold to Open $SPX Sept 30th 2245/2270 call spreads for 1.35, with SPX at 2177.

Perfect time to be selling call spreads. I had the same spread close this morning for .20 with 18 days to expiration, then able to sell one two weeks further out a couple hours later with only a small move in the underlying.

SPX calls closed

#SPXcampaign In pre-market, Bought to close $SPX Sept 15th 2245/2270 call spreads for .20. Sold for 1.65 on Aug 15th.

SPX calls sold

#SPXcampaign Sold to Open Sept 9th 2210/2235 call spreads for 1.70.

SPX continuing ITM roll experiment

#SPXcampaign Bought to close $SPX Sept 2nd 2140/2165 call spreads for 19.10. Sold last Friday for 20.45. Sold to Open $SPX Sept 9th 2145/2170 calls for 17.50.

#Rolling myself out one week at a time, one strike higher each time. Making up the loss in the roll (in this case 1.60) by adding an extra put spread.

$SPX call spreads closed

#SPXcampaign Bought to close $SPX Sep 16 2250/2275 call spreads @ .20, sold @ 1.35 on Aug 15. Calls all gone, remaining three positions are puts!

SPX puts sold

#SPXcampaign Sold to Open $SPX Sept 23rd 2040/2015 put spreads for 1.40. Sold the second half of the weekly campaign today; calls earlier on the pop up and now the puts on the drop down.

SPX more calls closed

#SPXcampaign Bought to close $SPX Sept 9th 2240/2265 call spreads for .20. Sold for 1.35 on Aug 9.
Bought to close $SPX Aug 31st 2210/2235 call spreads for .20. Sold for 3.60 on Aug 11.

SPX Call Spreads Closed

#SPXCampaign
Bought to Close SPX Sep 9 2240/2265 call spreads @ .20 sold on Aug 9 @ 1.35.

SPX calls closed

#SPXcampaign Bought to close $SPX Sept 2nd 2225/2250 call spreads for .20. Sold for 1.50 on Aug 2nd.

SPX calls sold, puts closed

#SPXcampaign Sold to Open $SPX Sept 23rd 2240/2265 calls for 1.65

Bought to close $SPX Aug 29th 2140/2115 put spreads for .20. Sold on Wednesday for 1.50.

SPX Overnight put spread

#SPXCampaign STO Aug 26 2145/2140 put credit spread @ .25

SPX puts sold

#SPXcampaign Sold to open $SPX Sept 15th 2065/2040 put spreads for 1.30, with SPX at 2175.

SPX short-term puts sold

#SPXcampaign Sold to Open $SPX Aug 29th 2140/2115 put spreads for 1.50, with SPX at 2178. My first Monday-expiring SPX spread!

SPX puts sold

#SPXcampaign Sold to Open $SPX Sept 23rd 2050/2025 put spreads for 1.25, with SPX at 2183.

SPX call roll sold

#SPXcampaign Sold to open #SPX Sept 9th 2200/2225 call spreads for 8.00. Last part of the condor roll from Friday’s stopped spread. Waiting a couple of days paid off as I was able to get much better position.

SPX calls sold

#SPXcampaign Sold to Open $SPX Sept 23rd 2245/2270 call spreads for 1.35, with SPX at 2182.

SPX puts closed

#SPXcampaign Bought to close $SPX Aug 24th 2140/2115 put spreads for .20. This is the other half of the call spread closed an hour ago, sold for 1.60 on Aug 12th.

SPX calls closed

#SPXcampaign Bought to close $SPX Aug 24th 2200/2225 call spreads for .20. Sold for 2.80 on Aug 3rd.

Trying to get a fill on new spreads but missing the fills before each reversal.

SPX puts closed

#SPXcampaign In pre-market, bought to close $SPX Sept 2nd 2040/2015 put spreads for .20. Sold for 1.35 on Aug 1st.

SPX rolling

#SPXcampaign Using market timing this morning to execute some rolls. Closed spreads near the lows, now waiting for higher levels to sell the rolls.

Bought to close $SPX Aug 26th 2175/2200 call spreads for 11.00 (in pre-market). Sold for 12.10 on 7/22.
Partial roll: Sold to Open SPX Sept 9th 2140/2115 put spreads for 3.35
2nd half of roll: Will sell SPX Sept 9th 2200/2225 call spreads for 7.75, if it can fill today. If not, will add a contract or come down a strike.

Bought to close $SPX Aug 26th 2135/2160 for 22.25. Sold last Friday for 21.50. This is my continued experiment of rolling out a fully ITM spread, one week and one strike higher at a time. Looking to sell the Sept 2nd 2140/2165 spread for 22.40. Probably can’t get that price, so I will take what I can get and add a put spread to make up the difference.

Expired SPX

#SPXcampaign #OptionsExpiration Expired at this morning’s open: $SPX Aug 18th 2110/2085 put spreads. Sold for 2.50 on Aug 1.

SPX calls sold

#SPXcampaign Sold to Open $SPX Sept 15th 2235/2260 call spreads for 1.45, with SPX at 2185.

SPX calls closed

#SPXcampaign Bought to close $SPX Aug 26 2230/2255 call spreads @ .20. Sold on Aug 5 @ 1.50.

SPX calls closed

#SPXcampaign Bought to close $SPX Aug 26th 2230/2255 call spreads for .20. Sold for 1.45 on July 29th.

SPX puts sold

#SPXcampaign Sold to Open Aug 26th 2150/2125 put spreads for 2.70, with SPX at 2179. An extra short-termer offsetting calls I previously sold at this expiration.

SPX puts sold

#SPXcampaign Sold to Open Sept 15th 2075/2050 put spreads for 1.60, with SPX at 2180.

SPX calls sold / puts closed

#SPXcampaign Sold to Open $SPX Sept 15th 2245/2270 call spreads for 1.65, with SPX at 2190.

Bought to close $SPX Aug 26th 2050/2025 put spreads for .20. Sold for 1.60 on July 28th.

SPX puts closed

#SPXcampaign In pre-market, Bought to Close $SPX Aug 26th 2040/2015 put spreads for .20. Sold for 1.30 on July 25th.

SPX monster

#SPXcampaign This morning I was a rolling fool. I have been managing my way (slowly) out of call spreads that were (and are being) crushed. It will either take a few months or one decent pullback to get me out. I’m being patient and aggressive at the same time.

And I’m using the experience to understand how to roll ITM. It is not as difficult as I thought, save for the fact that you experience large drawdowns and heavy margin requirements. But veterans of #VXXGame know all about that!

Bought to close $SPX Aug 18th 2130/2155 call spreads for 23.20. Sold as a roll for 6.35 on June 28th.
Rolled to: $SPX Aug 24th 2135/2160 call spreads for 21.50, and Aug 31st 2140/2115 put spreads for 2.45.
Here I am trying to do just a one-week roll, while moving one strike higher. Thinking is that whenever a correction comes, my call spread will drain of value more quickly with a near-dated spread. PLUS, near-dated actually have more spread premium than further ones (due to bigger difference between short and long strikes). Also added a slightly further-out put spread to bring in a credit on the roll.

Sold to Open Sept 9th 2080/2055 put spreads for 1.30, standard weekly spread.

Sold to Open Aug 24th 2140/2115 put spreads. Roll spread to offset calls sold earlier this week.

Good news is I have 2195/2220 calls and 2150/2125 puts expiring today. This was a similar roll two weeks ago from a partially ITM spread… so I can get out of these suckers!

I got busy this week and have not updated the SPX Chart… will do before Monday.

SPX calls sold

#SPXcampaign Sold to open $SPX Aug 31st 2210/2235 call spreads for 3.60, as a partial roll from stopped ITM spreads. We continue the grind higher, but it is slow enough that call spreads are working well, even fairly close to the money.

SPX call spread closed

#SPXcampaign Bought to close $SPX Aug 18th 2225/2250 call spreads for .20. Sold for 1.55 on July 22nd.

SPX puts sold

#SPXcampaign One standard campaign spread and one partial roll

Sold to Open $SPX Sept 9th 2060/2035 puts for 1.25, with SPX at 2176.
Sold to Open $SPX Sept 2nd 2125/2100 puts for 2.75, with SPX at 2178.

SPX rolls

#SPXcampaign These are the rolls I’ve been dreading. In a case of bad timing, I didn’t close when we hit lows last week and got stuck closing at new highs. I would be holding through this if expiration was any later. I will be piecing together enough rolls to make up the loss.

Bought to close $SPX Aug 12th 2160/2185 call spreads for 19.95. Partially rolled:
Sold to Open $SPX Sept 2nd 2175/2200 call spreads for 14.40.

SPX calls sold

#SPXcampaign Sold to Open $SPX Sept 9th 2240-2265 call spreads for 1.35, with SPX at all-time high of 2186.

Selling these normal campaign spreads 30 days out around 10-delta has been working fine for weeks. I am still dealing with ATM and ITM rolled spreads that are the tough part. More on that to follow.

SPX put spreads closed

#SPXcampaign
Bought to close Aug 19 2040/2015 put spreads @ .20 sold on July 21 @ 1.30.

Time to open more spreads. Have one IC left – Aug 26 2040/2015 put @ 1.40 by 2230/2250 call @ 1.50 going to have to watch the call side with new high at 2180.27.

Thanks, Jeff

SPX trades

#SPXcampaign
In pre-market, Bought to close Aug 12th 2080/2055 put spreads for .20. Sold as part of a condor-roll on July 15th.

Bought to close $SPX Aug 18th 2040/2015 put spreads for .20. Sold for 1.30 on July 19th.

Sold to Open $SPX Sept 2nd 2225/2250 call spreads for 1.60. I sold this spread on Monday as well… wanted to use the 2230 short for my second spread, but since I could only get about 1.10, I just doubled up on the 2225.

SPX calls closed

#SPXcampaign Earlier I closed the Aug 5th 2200 calls for .05 to clear up margin. A double-sized position that was sold as part of the 2200/2225 spread in two phases: for 1.30 on July 28th, and last week as part of a condor-roll for 1.49.

SPX calls sold

#SPXcampaign Sold to Open $SPX Aug 24th 2200/2225 call spreads for 2.80, with SPX at 2163.

SPX puts closed

#SPXcampaign Bought to close $SPX Aug 12th 2050/2025 put spreads for .40. Sold for 2.75 on July 8th. This was an over-sized position that I didn’t want to leave out there now that the market has shown some volatility. A successful roll in my build-back of call spread losses.

SPX calls closed

#SPXcampaign Bought to close $SPX Aug 3rd 2190 calls for .05. Sold as the 2190/2215 spread for 3.10 on July 22nd. Closed for margin management only.

SPX calls sold

#SPXcampaign Sold to Open $SPX Sept 2nd 2225/2250 call spreads for 1.40, with SPX at 2156.

SPX closures

#SPXcampaign Bought to close $SPX Aug 18th 2235/2260 call spreads for .60. Sold for 1.25 on July 18th.
Bought to close $SPX Aug 12th 2035/1985 put spreads for .60. These were told as two spreads, 2035/2010 for 1.30 on July 13th, and 2010/1985 for 1.25 on July 11th. Closing at once and a bit early to ease margin pressure should we continue dropping.

SPX puts sold

#SPXcampaign Sold to Open $SPX Aug 18th 2110/2085 put spreads for 2.50. This order filled at the low tick of the day, 2166.