#SPXcampaign Sold to Open $SPX Sept 2nd 2040/2115 put spreads for 1.35.
Bought to close $SPX Aug 12th 2235/2260 call spreads for .30

#SPXcampaign Bought to close $SPX Aug 3rd 2125/2100 put spreads for .20. Sold for 2.24 on July 21st.

#SPXcampaign Sold the following rolls to the spreads stopped immediately below this post:
Sold to Open $SPX Aug 5th 2120/2145/2200/2225 iron condors for 3.60 (1.5x position size).
Sold to Open $SPX Aug 12th 2125/2150/2195/2220 iron condors for 8.15 (1.5x position size).

I only moved one additional week out on each. Feel fairly safe about next Friday’s condor, but the following one is more aggressive (needed more premium) so may have to roll one side (hopefully not both sides!)

#SPXcampaign Exited these on the last dip:
Bought to close $SPX July 29th 2170 calls for 5.00. Part of 2170/2195 spreads sold for 2.10 on July 1st.
Bought to close $SPX Aug 5th 2165/2190 call spreads for 11.80. Sold for 1.45 on July 6th.

I will be rolling these.

#SPXcampaign Sold to Open $SPX Aug 26th 2230/2255 call spreads for 1.45, with SPX at 2174.

#SPXcampaign Forgot to cancel this order! Bought to close $SPX July 29th 2140/2115 put spreads for .15. Sold for 2.05 on July 20th.

#SPXcampaign Sold to Open $SPX Aug 5th 2200/2225 call spreads for 1.30, with SPX at 2163. Expire in 6 trading days.

#SPXcampaign Sold to Open $SPX Aug 26th 2050/2025 puts for 1.60, with SPX at 2160.

#SPXcampaign Sold to Open $SPX Aug 5th 2125/2100 put spreads for 2.75, when SPX was at 2162. Since my standard spreads for this expiry were already closed, sold this extra spread to offset call spreads that are still open.

#SPXcampaign Sold to Open $SPX Aug 26th 2235/2260 call spreads for 1.40, with SPX at 2167.

#SPXcampaign Sold to Open $SPX Aug 26th 2040/2015 put spreads for 1.40, with SPX at 2167.

#SPXcampaign Sold these before the other two, but forgot to post:
Sold to Open $SPX Aug 3rd 2190/2215 call spreads for 3.10.

#SPXcampaign Since the 401K accounts I manage are Reg T margin, any put spread in a given expiry can be offset by a call spread margin free. Since I have the July 27th 2130/2105 put spreads, I sold the following:

Sold to Open $SPX July 27th 2185/2210 call spreads for 1.70, with SPX at 2166.

I feel we’re hitting at resistance and any move higher will be slower. I also did NOT sell these in my main Portfolio Margin account, as margin is not calculated in the same way.

#SPXcampaign Sold to Open $SPX Aug 18th 2225/2250 call spreads for 1.55, with SPX at 2166.

#SPXcampaign Sold to Open $SPX Aug 18th 2055/2030 puts for 1.30, with SPX at 2167.

#SPXcampaign Sold to Open $SPX Aug 3rd 2125/2100 for 2.25, with SPX at 2167

#SPXcampaign Last night, $SPX July 20th 2135/2110 put spreads expired. Sold for 1.50 last Friday.
In pre-market, bought to close $SPX July 29th 2075/2050 put spreads for .20. Sold for 2.90 on July 9th.

#SPXcampaign Sold to Open $SPX July 29th 2140/2115 put spreads for 2.05, right before bell with the small spike down to 2172.

#SPXcampaign This completes my roll from the ITM call spread that was stopped Friday. I sold these in three batches: 11.80, 12.50, and 14.10

Sold to Open $SPX Aug 12 2160/2185 call spreads for 14.10, with SPX at 2172.

Again, this is NOT the best way to play this strategy… but I got stuck with too many call spreads after Brexit and now am managing ATM & ITM rolls until we get a significant pullback. If no pullback comes, I will be rolling mysteries higher until I’m out.

#SPXcampaign Sold to Open $SPX Aug 18th 2040/2015 put spreads for 1.30, with SPX at 2160.

#SPXcampaign Earlier today:
Sold to Open $SPX Aug 18th 2235/2260 call spreads for 1.25, with SPX at 2165.
Sold to Open $SPX Aug 18th 2160/2185 call spreads for 12.50, with SPX at 2164. This is another part of the roll from Friday’s stopped ATM spread.

#SPXcampaign I have been riding a few ATM and ITM call spreads, waiting for a pullback or to roll. I closed this one on Friday as I don’t want to get closer to expiration, when rolling becomes tougher to impossible. Sold only a third of the roll for now, waiting to see the moves next week to add more.

Bought to close $SPX July 27th 2150/2175 call spreads for 13.60. Sold as part of a condor roll for 4.40 on July 7th.
Sold to Open $SPX August 12th 2055/2080/2160/2185 condor for 13.95, as a partial roll.

#SPXcampaign Bought to close $SPX July 22nd 2100/2075 put spreads for .20. Sold for 1.50 on Wednesday.

#SPXcampaign Sold to Open $SPX July 20th 2135/2110 put spreads for 1.50, with SPX at 2156. Aggressive position expiring on Wednesday. I don’t think we will crash down today, but I am ready to roll these if things get worse.

#SPXcampaign Right after the bell, Bought to close $SPX July 29th 2035/2010 puts for .30. Sold as part of a condor-roll for 6.05 on June 30th.

#SPXcampaign Was trying to bottom pick the midday pullback, but got stuck chasing it back up instead. Sold to Open $SPX July 27th 2130/2105 put spreads for 2.60. This offsets an ATM call spread for this Wednesday expiry… margin free for the Reg T accounts.

#SPXcampaign Highest calls I have ever sold, but I’ve reduced my position size for now. I will use a 3.00 stop on this one.

Sold to Open $SPX Aug 12th 2235/2260 call spreads for 1.30

#SPXcampaign Bought to close $SPX Aug 5th 2165/2190 call spreads for 12.10. Sold for 1.45 on July 6th. (ouch)
Bought to close $SPX Aug 5th 1975/1950 put spreads for .30. Sold as part of condor-roll for 7.40 on July 1.

#SPXcampaign In pre-market, Bought to close $SPX Aug 5th 1940/1915 put spreads for .20. Sold for 1.40 on July 5th.

#SPXcampaign Bought to close SPX July 27th 2000/1975 puts for .20. Sold as part of a condor-roll for 4.40 on July 7th.
Bought to close $SPX July 29th 1975/1950 puts for .20. Sold for 1.30 on July 1st.

#SPXcampaign Sold to Open $SPX July 22nd 2100/2075 put spreads for 1.50, double-sized position. It seems funny to be selling a put spread at 2100, but there you have it. I think most likely direction over the rest of July is up, but a pullback could be in the cards. If any puts get in trouble it will mean wonderful things for my pressured call spreads.

#SPXcampaign Sold to Open $SPX Aug 12th 2035/2010 put spreads for 1.30.

#SPXcampaign Sold to Open $SPX Aug 26th 2180/2200 call spreads for 7.30 as a roll. Crazy, i know, but is it crazier than this bull run? May be stopped out and rolled again if we get much above 2160.

#SPXcampaign Last night before the close: Bought to close $SPX July 29th 2155/2180 call spreads for 7.50. Holding off on rolls until freight train slows. Also have one ITM call spread in August… since it is still a ways to expiry, rolling is still possible if no pullback comes within a week or so. Not ideal to roll ITM, of course, but I left this one behind as I focused on rolling more immediate expiries.

#SPXcampaign Sold to Open $SPX Aug 12th 2200/2225 cal spreads for 1.75, with SPX at 2136.

#SPXcampaign Bought to close $SPX July 29th 2150/2175 call spreads for 8.00. Sold for 5.75 on May 24th. I will be selling rolls on this and others in the coming days.

#SPXcampaign Sold to Open $SPX Aug 12th 2010/1985 puts for 1.25, with SPX at 2138.

#SPXcampaign Sold to Open $SPX July 29th 2075/2050 put spreads for 2.90. This adds to my rolling and also better balances my puts vs. calls ratio.

#SPXcampaign Bought to close $SPX Aug 5th 2150/2175 call spreads for 8.50. Sold as part of iron condor for 7.40 on July 1. Since we breached 2130, I will be looking to close 2150/2175 spreads. Just this one for today.

#SPXcampaign Sold to Open $SPX Aug 5th 2020/1995 put spreads for 1.40. This is my second standard spread for the Aug 5th expiry. I am holding off on my second call spread for next week.

#SPXcampaign Sold to Open a handful of $SPX Aug 12th 2050/2025 put spreads for 2.75, as a partial roll of call spread stopped earlier. I tripled my position size, which is fine since I am heavier calls than puts. This covers a bit more than half of my cost to close the stopped calls; will add more rolls today and next week.

#SPXcampaign Bought to close $SPX July 22nd 1970/1945 put spreads for .20. Sold for 1.25 on Tuesday.

#SPXcampaign Got crushed because no pullback would come. I am working on a roll, which will mostly be in puts; with Upside Warning firing today, I anticipate new all time highs next week. On whatever pullbacks we get, I will be aggressive at selling puts and exiting call spreads (but still also selling super high call spreads).

Bought to close $SPX July 29th 2125/2150 call spreads for 13.35. Sold as part of an iron condor for 2.40 on June 27th.

#SPXcampaign Sold to Open $SPX July 27th 2000/2025/2150/2175 iron condors for 4.40, 1.5x position size. This is a roll from the call spread stopped earlier. I used a Wednesday expiration since I already have too many spreads crowded on the July 29th expiry.

#SPXcampaign Bought to Close $SPX 2110/2135 call spreads for 7.50. Sold as part of an iron-condor roll for 2.70 on June 27th. Working on a roll to a new iron condor now. This was one I tried to slip by without Stopping, but this market continues to threaten higher so using this pullback to close ahead of jobs number tomorrow.

#SPXcampaign Sold to Open $SPX Aug 5th 2165/2190 call spreads for 1.45, with SPX at 2082.

#SPXcampaign Bought to close $SPX July 6th 2065 puts for .20. Sold as part of the 2065/2050 put spread for 1.50 two hours ago.

#SPXcampaign Sold to open $SPX July 6th 2065/2050 put spreads for 1.50.

#SPXcampaign Sold to Open $SPX July 22nd 1970/1945 put spreads for 1.25, with SPX at 2082.

#SPXcampaign Bought to close $SPX July 14th 2165/2190 call spreads for .20. Sold as part of an iron condor roll for 2.45 on June 16th.

#SPXcampaign
Sold to Open $SPX Aug 5th 1940/1910 put spreads for 1.40, with SPX at 2089.
Bought to close $SPX July 14th 2170/2195 call spreads for .20. Sold for 2.20 as a roll on June 13th.

#SPXcampaign Sold to Open July 29th 1975/1950 put spreads for 1.30, and 2170/2195 call spreads for 2.10… full iron condor for 3.40.

And we continue to rip higher. Whenever this market decides to pullback it will be a good day for me. Meantime, I’ll manage the pain.

SKEW index remains high; bonds and gold high. New lows in UVXY.

#SPXcampaign Sold to Open $SPX Aug 5th 1950/1975/2150/2175 iron condors for 7.40. This is a roll from July 14th spread that was stopped yesterday.

#SPXcampaign In pre-market, Bought to close $SPX July 1st 2150 short calls for .05. Sold as the 2150/2175 call spread for 3.95 on May 25th. This was an oversized position sold as a roll (14 contracts). By closing the shorts and leaving the longs in place, this released $86K in margin for today! Portfolio margin can be your friend, but it can also throw your account out of whack if you are too heavy on one side of the market. This reflects my oversized short-market position with call spreads.

#SPXcampaign Bought to close $SPX July 6th 2160/2185 call spreads for .10. Sold as part of an iron condor for 2.30 on June 14th.

#SPXcampaign Bought to close $SPX July 29th 1775/1750 put spreads for .20. Sold for 1.30 last Friday.
Bought to close $SPX July 29th 1700/1675 put spreads for .10. Sold as part of an iron condor for 2.35 on Monday.
That clears me of all put spreads. Certainly did not expect such a massive and quick reversal. I am now nursing too many call spreads, but will keep rolling up until we get a pullback.

#SPXcampaign Expired last night: $SPX July 29th 1950/1925 put spreads. Sold for 1.34 (avg price) last Friday.

#SPXcampaign Sold to Open $SPX July 29th 2155/2180 call spreads for 1.40, with SPX at 2066.

#spxcampaign
Bought to close July 14th 1850/1825 puts for .20. Sold June 16th as part of iron condor for 2.45.
Bought to close July 14th 1860/1835 puts for .20. Sold June 16th for 1.50.
Bought to close July 22nd 1800/1775 puts for .20. Sold Monday as part of iron condor for 2.70

#SPXcampaign Bought to close $SPX July 14th 2175/2200 calls for .10. Sold for 1.90 on June 13th.

#SPXcampaign Bought to close $SPX July 22nd 2180/2205 call spreads for .15. Sold for 1.35 on June 20th.

#SPXcampaign Sold to Open $SPX July 14th 2100/2125 call spreads for 1.50, with SPX at 2023. I am more comfortable being short calls than puts, even below the highs, because rolling will be easy if we continue to rally.

#SPXcampaign Bought to close $SPX July 8th 2175/2200 call spreads for .10. Sold for 1.65 on June 6th. Closed for margin purposes.

#SPXcampaign Sold to Open $SPX July 22nd 2115/2140 call spreads for 1.45, with SPX at 2023.

#SPXcampaign Bought to close $SPX July 6th 1850/1825 puts spreads for .20. Sold as part of a condor-roll on 6/14 for 2.30.