#SPXcampaign Bought to close $SPX June 30th 1970/1925 put spreads for 4.75. Sold for 2.10 on June 17th. This one was too close for comfort to leave overnight. I am planning on rolling on the next significant move in either direction.
Tag Archives: SPXcampaign
SPX calls closed
#SPXcampaign Bought to close $SPX July 8th 2160/2185 call spreads for .10. Sold for 1.30 on June 16th.
SPX roll sold
#SPXcampaign Sold to Open $SPX July 22nd 1775/1800/2110/2135 for 2.70, 1.5x position size. This is a roll from the July 14th spread stopped earlier.
I now have all stopped spreads rolled, so all premium lost has been replaced with further out spreads.
SPX roll sold
#SPXcampaign Sold to open $SPX July 29th 1675/1700/2125/2150 iron condors for 2.35, 1.5x position size. Rolled from July 22nd put spread stopped earlier.
SPX puts stopped
#SPXcampaign Bought to close $SPX July 14th 1910/1885 put spreads for 4.00. Sold for 1.40 on June 13th.
SPX puts stopped
#SPXcampaign Bought to close $SPX July 22nd 1875/1850 put spreads for 3.40. Sold on Friday for 1.50.
SPX roll sold
#SPXcampaign Sold to Open $SPX July 8th 2075/2100 call spreads for 3.00. Roll from puts I just stopped. I am comfortable with this even if we are at a bottom, as the call roll up will not be too difficult.
Put spread stopped
#SPXcampaign Stair-stepping lower… unable to get out on the bounces so now I’m past my normal stop level on a few spreads. Working on rolls, likely in calls or strangles.
Bought to close $SPX July 1st 1950/1925 put spreads for 4.35. Sold for 1.25 on May 31st.
SPX closed call spread
#SPXcampaign Closed July 17 2175/2200 bear call spread at 0.15 (0.20 rule) sold June 13 for 2.15, 17 DTE. Tried this trade at 15 delta, a little closer than SPXcampaign rules, worked this time on account of BREXIT vote. I’ll try another when index normalizes!?
Jeff – great chart.
Bistro SPXcampaign position chart
My positions in the #SPXcampaign are now visible in the chart linked in the right hand column; just click on the image to open it full screen.
You can use your browser’s zoom function on the chart since the print is small. I have included a key to all of the info included in each spread. I will add each day’s spreads in text form at right before I’m able to update the chart.
Please feel free to ask any questions; I know it may be confusing! I will be providing updated webinars and more info soon.
SPX still moving down, put spread order filled
#SPXcampaign Sold to Open $SPX July 29th 1775/1750 put spreads for 1.30. I put this order in this morning… didn’t come close to a fill all day but just filled now at 4:14 ET as S&P ticked down further after hours.
SPX same day puts
#SPXcampaign Sold to Open $SPX June 24th 2020/1995 put spreads for 1.25, with SPX at 2047. 27 points OTM with three hours left… can it hold? Having to watch my 2040/2015 spreads more closely.
SPX short-term puts sold
#SPXcampaign Sold to Open $SPX June 29th (Wednesday) 1950/1925 puts spreads for 1.25-1.40. I have been scaling in, last spread order for 1.50 not filled yet.
SPX calls closed
#SPXcampaign Closed to free up margin. I think there will be a number of opportunities in following weeks to use on uncertainty of Brexit transition.
BTC $SPX June 30th 2160/2185 call spreads @ 0.15. Sold for 3.75 on June 7th as a roll, now profitable.
SPX calls closed
#SPXcampaign I closed these this morning as it released a huge chunk of margin:
BTC $SPX July 1st 2170 2195 call spreads for .20. Sold for 1.50 on May 31st.
BTC $SPX June 30th 2160/2185 call spreads for .20. Sold for 3.90 on June 7th (as a roll)
SPX puts sold
#SPXcampaign Sold to Open $SPX July 22nd 1875/1850 put spreads for 1.50, with SPX at 2058.
And down we go again……
And down we go again… It seems to me that London will take the longest to tabulate, and the countryside is the cause for the Leave vote leading at this time. For anyone trading futures after hours, you could make a fortune on this…
IV that must be sold
#SPXcampaign #Brexit With an expected move of 38 points over the next 24 hours, you don’t want to miss out on the premium that’s available. Even though I already sold the 2025/2000 put spreads yesterday, I am also selling the 2040/2015 spreads now… 70 points OTM, 1.50 or more. You have until 4:15 ET to get a trade.
SPX puts closed
#SPXcampaign Bought to close $SPX June 24th 1975/1950 put spreads for .20. Sold for 1.50 on May 31st. I actually would have canceled this order and let these expire had I remembered this order to close was still working.
SPX condor completed
#SPXcampaign Sold to Open $SPX June 24th 2025/2000 put spreads for 1.90. Incredible premium for a 2-day trade. Completed a condor with calls sold a few minutes earlier.
SPX same-week calls
#SPXcampaign Sold to Open $SPX June 24th 2135/2160 call spreads for 1.35, with SPX at 2099. Expire in two days. I don’t believe a Remain vote for Brexit will drive the market this high this fast, but I can roll if it does.
SPX calls sold
#SPXcampaign Sold to Open July 22nd 2180/2205 call spreads for 1.35, with SPX at 2097.
Bistro VIX Indicator – Jeff…
Bistro VIX Indicator – Jeff your information on the Vix Indicator – is that a specific Indicator you have or is it your commentary on the action of the VIX ??
SPX call spread heaven
#SPXcampaign — This is the time and environment that you can mint money in SPX call spreads. When we bounced off the February lows, many faces were ripped off (still hurts) as we flew higher… but once we got back to 2100, they have been easy to sell above 2130 and easy to take profits or allow to expire. Whenever the market decides to make new highs, we will have plenty of room to roll higher. It is rare for a market to scream higher when it is notching new highs… the pace is much more controlled.
Bought to close $SPX June 24th 2145/2170 call spreads for .20. Sold for 1.35 on May 23rd. This was sold when SPX was down around 2050. It took some heat when we hit the highs of 2016 (2120)… that heat can be tough, and your account will draw down, but stick to your rules and roll higher and longer when you need to. My stop for this was 2125, which was never hit. This week has been my most profitable in months because of the many call spreads that plummeted in value.
SPX – BTC call spreads
#SPXcampaign – buy to close June 24 2150/2175 call spreads @ .15 sold on May 24 @ 1.30 and 1.40 in regular and IRA accounts.
SPX put roll
#SPXcampaign Sold to open $SPX June 30th (end-of-month) 1970/1945 put spreads for 2.10. Sold 1.5x number of contracts as a roll from put spread stopped at the bottom yesterday. Hopefully I sold this at the bottom today, which would keep the universe in balance. I chose this expiration (expires on a Thursday night) because I already have a call spread for that date.
SPX calls sold
#SPXcampaign Sold to Open $SPX July 8th 2160/2185 call spreads for 1.30, with SPX at 2077.
SPX puts stopped
#SPXcampaign Had another stop hit, but looks like I unfortunately exited at the bottom, without getting a fill on the roll. Now I will have to wait to sell a roll, perhaps in the calls if we go much higher before we go lower.
BTC $SPX June 24th 1985/1960 puts spreads for 3.00. Sold for 1.30 on June 2nd.
also, to balance margin:
BTC $SPX June 24th 2160/2185 call spreads for .20. Sold for 1.55 on May 25th.
SPX puts sold
#SPXcampaign Sold to Open $SPX July 14th 1860/1835 put spreads for 1.50, with SPX at 2053.
SPX condor roll
#SPXcampaign Sold to Open $SPX July 14th 1825/1850/2160/2185 iron condors for 2.40. This is a roll from put spread stopped at last night’s close.
SPX puts stopped
#SPXcampaign So I can sleep better, I closed the last borderline put spread… bought to close $SPX July 8th 1975/1950 puts spread for 2.95. Sold on June 9th for 1.30. I will sell a roll tomorrow or Friday.
SPX puts closed
#SPXcampaign In pre-market, Bought to close $SPX June 16th 2025/2000 put spreads for .60. Sold for 1.75 on June 2nd. Closing early to avoid downside risk in light of Fed, VIX warning, and Friday AM settlement.
SPXM iron condor
#SPXcampaign Sold to Open $SPXM July 17th 2000/2020/2100/2120 condors for 2.40. This is the roll from the June 15th put spread stopped earlier. Fairly tight range for a volatile week, so I will need to be adept if Janet or anything else gives us more big moves.
SPX puts stopped
#SPXcampaign Bought to close $SPX June 15th 2060/2035 put spreads for 3.10. Sold last week for 1.70. One of those frustrating ones, with plenty of chances to close for breakeven or small profit, but it got away from me. Holding off on the roll until I see where SPX goes today.
SPX puts stopped
#SPXcampaign #CondorRoll Another 3-dollar stop hit, rolling into a condor.
Bought to close $SPX July 1st 1990/1965 put spreads for 3.00.
Sold to Open $SPX July 6th (Wednesday) 1825/1850/2160/2185 iron condor for 2.30, 1.5x position size.
SPX puts spreads stopped
I am stopping out on three put spreads, details to follow. Not sure about rolls yet.
SPX puts sold
#SPXcampaign Sold to Open $SPX July 14th 1910/1885 put spreads for 1.40, with SPX at 2089. This order was in before the Warning fired.
SPX calls sold
#SPXcampaign Sold to Open $SPX July 14th 2175/2200 call spreads for 1.80. Trying something slightly different, selling calls at the bell on a Monday, even with market down. Premium seems to drain quickly from calls as the week progresses, so I think what I get here will be better than what I can get with SPX at 2100 later in the week. We shall see. But in any case, comfortably above all-time highs.
Never use auto-STOPS on spreads
#SPXcampaign Here’s a good example of why you should avoid automated stops on spreads, especially SPX spreads. This is a screen shot from my broker I just took. It’s the spread I sold this morning, 2090/2070. Bid is .15 and ask ia 10.45, so Mid is 5.30! If I had put a 3.00 auto-stop on it, it would have survived the whole day until a few minutes ago. Of course, the bid/ask can get wacky when it’s about to expire in 30 minutes (and also first thing in the morning, and after hours), but this kind of anomaly can happen at any time and slam you out of your spread with a horrible fill.
SPX puts sold
#SPXcampaign Sold to Open $SPX June 15th 2060/2035 put spreads for 1.70, with SPX at 2093. Expires Wednesday at the close. Thirty points down in three days could easily happen, so if we drop further today and/or don’t bounce Monday I will roll this.
Same day put spread
#SPXcampaign Sold to Open $SPX June 10th 2090/2070 put spreads for 1.35, with SPX at 2098
SPX calls stopped
#SPXcampaign Bought to close $SPX June 16th 2135/2160 call spreads for 2.40. Sold as part of an iron condor for 3.30 on May 25th.
SPX got within 20 points, so need to stick to my rules and close this. Escaping with profit (assuming 1940/1915 puts will expire), so good for now, although I will likely replace it if we push back toward 2120.
More SPX puts sold
#SPXcampaign Sold to Open $SPX July 1st 1990/1965 put spreads for 1.30, with SPX at 2109.
SPX puts sold
#SPXcampaign Sold to Open $SPX July 8th 1975/1950 put spreads for 1.30, with SPX at 2109.
SPX puts sold
#SPXcampaign Sold to Open $SPX July 8th 1980/1955 put spreads for 1.30, with SPX at 2112.
SPX call roll
#SPXcampaign #Rolling
BTC $SPX June 16th 2130/2155 call spreads for 5.50 (sold for 1.40 on May 20th)
STO $SPX June 30th (monthly) 2160/2185 spreads for 3.90 (1.5x position size)
SPX calls sold
#SPXcampaign Sold to Open $SPX July 8th 2175/2200 call spreads for 1.65, with SPX at 2108.
#SPXcampaign BTC SPX 10 JUN…
#SPXcampaign BTC SPX 10 JUN 16 2135/2160 BrCS @.35 sold it for 1.55 on 5/25/2016
SPX Sold short strikes expiring today- risk off
#SPXcampaign 6/1 STO 2070/2065 put spreads @ .35, 6/2 STO 2115/2120 call spreads @ .35, and Iron Condor expiring today, BTC both put and call spread short strikes @ .05 each taking risk off, longs will expire worthless. I’ve been bitten before by SPX late day snap backs, happy with 86% profit and free to leave early for the beach.
Have a great weekend fellow Options Bistro traders and Jeff “thanks a latte!”
PS: Anyone hear anything on TastyTrade about Karen-the-Super-Trader?
SPX calls sold
#SPXcampaign Sold to Open $SPX July 1st 2165-2190 call spreads for 1.50, with SPX at 2101.
Every day this week, flush…
Every day this week, flush down and rally back. Job numbers don’t matter, it’s just the consolidation we’re stuck in. Perfect for #SPXcampaign.
$SPX put spread
Sold $SPX Jul 15 1920/1895 BuPS @ 1.30. Close to 2 standard deviations (=1913).
SPX puts sold
#SPXcampaign Sold to Open $SPX June 24th 1985/1960 put spreads for 1.30, with SPX at 2092
#SPXcampaign BOT SPX 8 JUL…
#SPXcampaign BTC SPX 8 JUL 16 1825/1800 @.35 sold on 5/13/2016 @ 1.45
#SPXcampaign BTC SPX 22 JUL…
#SPXcampaign BTC SPX 22 JUL 16 1775/1750 PUT @.35 CBOE sold on 5/19/2016 for 1.45
this is what I like, far away and can be closed 7 weeks before expiration
SPX puts sold
#SPXcampaign Sold to Open $SPX June 16th 2025/2000 put spreads for 1.75. Extra spread since my normal ones for this expiry were already closed for profits.
SPX calls sold
#SPXcampaign Sold to Open $SPX July 1st 2170/2195 call spreads for 1.50. Got both sides of a condor today.
SPX puts sold
#SPXcampaign Sold to Open $SPX June 24th 1975/1950 put spreads for 1.50. I was supposed to sell the June 24th expiry last week, but with virtually no down days I only sold calls. So making up for it now.
SPX puts sold
#SPXcampaign Sold to Open $SPX July 1st 1950/1925 put spreads for 1.25.
First put spread I have sold in over a week. Missed a fill on a new call spread at the top today.
SPX closed puts
#SPXcampaign Bought to close June 16th 1895/1870 put spreads for .20. Sold for 1.30 on May 17th.
SPX roll out
#SPXcampaign #Rolling #CondorRoll
STOPPED, $SPX June 1st 2105/2130 call spreads for 3.20.
Sold to Open $SPX June 16th 1915/1940/2135/2160 iron condors for 3.30.
Sucks to have to roll it but can’t risk more crushing upside.
SPX calls rolled
#SPXcampaign Bought to close $SPX June 10th 2110/2135 call spreads for 6.55. Sold for 1.20 last Thursday as a roll. Rolled to…
Sold to Open $SPX July 1st (Wednesday weekly) 2150/2175 call spreads for 3.95 (1.5x position size).
As I posted earlier, put rolls have worked beautifully, EXCEPT the ones I rolled to condors. Now the call sides are getting destroyed. No worries, though, I can roll those, too.
SPX calls sold
#SPXcampaign Sold to Open $SPX June 24th 2160/2185 call spreads for 1.55, with SPX at 2090.
SPX put spreads closed
#SPXcampaign All the rolling I had to do during the last couple weeks’ pullbacks worked like a charm…
In pre-market…
Bought to close $SPX June 1st 1980/1955 put spreads for .15. Sold for 2.55 as a roll on May 13th.
Bought to close $SPX June 16th 1900/1875 put spreads for .30. Sold for 2.00 as a roll on April 14th.
#spxcampaign kind of following Jeff….
#spxcampaign kind of following Jeff. $SPX STO July 29 2170/2180 for 1.70
SPX calls sold
#SPXcampaign Sold to Open $SPX July 29th 2150/2175 call spreads for 5.75. This is a roll from previously stopped calls spreads from March & April. Going farther out in time with plenty of flexibility to roll further out should we have a sustained summer rally.
SPX call spreads sold
#SPXcampaign Sold to open Jun 24 2150/2175 call spreads for 1.30. SPX at 2067, .08 delta.
SPX puts closed
#SPXcampaign Bought to close $SPX June 10th 1890/1865 put spreads for .20. Sold for 1.25 on Thursday.
SPX spreads closed
#SPXcampaign BTC Jun 3 1940/1915 put spreads for 0.20. Sold for 1.30 on 5/12.
SPX spreads closed
#SPXcampaign BTC Jun 3 1900/1875 put spread for 0.15. Sold for 1.25 on 5/3.
SPX calls closed
#SPXcampaign Bought to close $SPX May 27th 2105/2130 call spreads for .10. Sold for 1.10 on May 13th.
SPX calls sold
#SPXcampaign Sold to Open $SPX June 24th 2145/2170 call spreads for 1.35, with SPX at 2050. Sold early as premium tends to be higher on Monday mornings than at anytime during the week (assuming, of course, the index doesn’t move much). Now trying for the 1890/1865 put spread.
SPX calls sold
#SPXcampaign Sold to Open June 16th 2130/2155 call spreads for 1.40, with SPX at 2051.
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX May 27th 1940/1915 put spreads for .30. Sold for 1.30 on April 25th.
SPX put profits, one day
#SPXcampaign Bought to close $SPX May 25th 1975/1950 put spreads for .70. Sold this morning for 1.50. Took it off the table in case we have another rollercoaster tomorrow (in which case I will try to sell this same spread again).
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