SPX strangle roll

#SPXcampaign #strangleroll
Bought to close $SPX June 3rd 1965/1940 put spreads for 3.20. Sold for 1.45 on May 13th.
Sold to open $SPX June 10th 2110/2135 call spreads for 1.20, and June 10th 1890/1865 puts spreads for 1.25. (1.5x position size)

SPX puts closed

#SPXcampaign Sold to Open $SPX May 25th 1975/1950 put spreads for 1.50, with SPX at 2032.
I don’t like selling the monthlys with their AM settlement for short-term fear-trade, so I jumped to next Wednesday’s. I may try to close end of today if we rally back enough.

Meanwhile, two spreads touched my 3.00 stops at the bottom today. I am not closing yet… will wait to see how day settles and decide from there. If we start another sharp drop I will close at least one of them and roll.

VIX has popped today but is still pretty far from its lowest signal level (18.75).

SPX calls closed

#SPXcampaign Bought to close $SPX June 10th 2145/2170 call spreads for .20. Sold for 1.90 on May 10th.

SPX puts sold

#SPXcampaign Sold to Open $SPX June 10th 1900/1875 put spreads for 1.30, with SPX at 2032. Meanwhile, approaching stops on a few other put spreads.

SPX calls sold

#SPXcampaign Sold to Open $SPX June 1st 2105/2130 call spreads for 1.50. Selling these as a roll and offsetting a put spread I have to create an iron condor for this expiry (Wednesday weeklys).

SPX call spreads closed

#SPXcampaign Away from desk yesterday, Jun3 2140/2165 call spreads closed Tuesday @ .20. Need more call spreads have only one left!?

SPX calls closed

#SPXcampaign Bought to close $SPX June 3rd 2140/2165 call spreads for .20. Sold for 1.35 on May 5th.

SPX puts sold

#SPXcampaign Sold to Open $SPX June 16th 1895/1870 put spreads for 1.30, with SPX at 2048.

SPX calls closed

#SPXcampaign Bought to close $SPX Mar 27th 2125/2150 call spreads for .20. Sold for 1.30 last Thursday.

SPX calls sold

#SPXcampaign Sold to Open $SPX June 10th 2135/2160 call spreads for 1.45, with SPX at 2070.

#SPXcampaign STO $SPX 17 JUN…

#SPXcampaign STO $SPX 17 JUN 16 2140/2165 BeCS @1.30

#SPXcampaign STO $SPX 24 JUN…

#SPXcampaign STO $SPX 24 JUN 16 2160/2185 BeCS @1.20

SPX call spreads sold

#SPXcampaign Sold to Open $SPX June 16th 2140/2165 call spreads for 1.35, with SPX at 2054.

SPX calls added

#SPXcampaign To juice up the rolls just made, I added a small call spread to the May 27th expiry, since I am overweight puts that week:
Sold to Open $SPX May 27th 2105/2130 call spreads for 1.10.

SPX puts stopped and rolled

#SPXcampaign #Rolling Down move today stopped me on some spreads I was fairly aggressive with earlier this week.
Bought to close $SPX May 25th 2010/1985 put spreads for 3.70. Sold for 1.70 on Wednesday. Rolled to…
Sold to Open SPX June 1st 1980/1955 put spreads for 2.55 (1.5x contracts). This was a Wednesday to Wednesday roll.

Bought to close SPX May 19th 2015/1990 put spreads for 3.10. Sold for 1.30 on Wednesday. Rolled to…
Sold to Open SPX May 27th 1980/1955 put spreads for 2.25 (1.5x contracts)

SPX calls closed

#SPXcampaign Bought to close $SPX June 3rd 2150/2175 call spreads for .20 (earlier). Sold for 1.60 on May 2nd
Bought to close May 25th 2125/2150 call spreads for .20. Sold for 1.50 on Wednesday.

#SPXcampaign STO $SPX JUL 8…

#SPXcampaign STO $SPX JUL 8 2016 1825/1800 BuPS @1.50

#SPXcampaign Bought to close $SPX…

#SPXcampaign Bought to close $SPX JUN 10 2016 2150/2175 call spreads for .40. Sold for 1.50 on MAY 11 2016, reached its 80%

#SPXcampaign Bought to close $SPX…

#SPXcampaign Bought to close $SPX May 27th 2130/2155 call spreads for .30. Sold for 1.25 on MAY 10 2016, no need to wait for next week for to buy it at 80%

SPX call spread closed

#SPXcampaign Bought to close $SPX June 16th 2175/2200 call spreads for .30. Sold for 2.75 on March 18th as a roll. This was a longer term attempt that worked nicely.

SPX calls closed

#SPXcampaign Bought to close $SPX May 27th 2135/2160 call spreads for .30. Sold for 2.25 on April 29th as a roll.

SPX puts sold

#SPXcampaign Sold to open $SPX June 3rd 1965/1940 put spreads for 1.45, with SPX at 2065.

#SPXcampaign Sold to Open $SPX…

#SPXcampaign Sold to Open $SPX JUN 30 2016 1835/1805 BuPS @1.40

#SPXcampaign Sold to Open $SPX…

#SPXcampaign Sold to Open $SPX JUL 15 2016 1835/1805 BuPS @2.05

SPX calls sold

#SPXcampaign Sold to Open $SPX May 27th 2125/2150 call spreads for 1.30. Sadly, this was a previously stopped spread as SPX rallied above 2110. Now it goes back on, hopefully to die silently rather than violently.

SPX put spread sold

#SPXcampaign Sold to Open $SPX May 19th 2015/1990 put spreads for 1.30, with SPX at 2076. This will complete my rolls for the May 19th expiry, since I stopped a put spread on April 29th.

SPX spreads sold

#SPXcampaign STO June 3 2140/2165 call spreads @ 1.40 makes this an iron condor with puts spreads at 1900/1875 @ 1.25.

Yesterday, bought to close, gtc order, SPX May 20 1935/1910 put spreads @ .15.

SPX spreads sold

#SPXcampaign Sold to Open $SPX May 25th (Wednesday) 2010/1985 put spreads for 1.70 and 2125/2150 call spreads for 1.50; a condor roll from stopped call spread this morning.

Sold to Open $SPX June 10th 1950/1925 put spreads for 1.40.

SPX calls closed

#SPXcampaign Bought to close May 13th 2090/2115 call spreads for 2.90. Sold on Friday for 1.50. Will look to roll today.

Risk certainly back On

#SPXcampaign I’m stuck with this week’s 2090/2115 call spread. I have been trying to get out for past hour, but rally won’t stop. Looking to roll up to March 24th Wednesday weekly 2120/2145 with 1.5x contracts. I would then add a put spread as well to balance out margin and premium.

SPX calls sold

#SPXcampaign Sold to open $SPX June 10th 2145/2170 call spreads for 1.40, with SPX at 2071.

SPX puts closed

#SPXcampaign Right before the bell, bought to close $SPX May 13th 1960/1935 put spreads for .20. Sold for 1.35 on April 15th.

SPX puts closed

#SPXcampaign Bought to close $SPX May 11th 1980/1955 put spreads for .20. Sold for 1.30 on Wednesday.

Short-term call spread sold

#SPXcampaign With SPX at 2048, sold to open $SPX May 13th 2090/2115 call spreads for 1.50.

SPX calls closed

#SPXcampaign In pre-market right after jobs report, bought to close $SPX May 19th 2140/2165 call spreads for .20. Sold for 1.25 on Monday.

SPX calls closed

#SPXcampaign Bought to close $SPX May 27th 2165/2190 call spreads for .20. Sold for 1.50 last Thursday.

SPX calls sold

#SPXcampaign Sold to Open $SPX June 3rd 2140/2165 call spreads for 1.35, with SPX at 2055.

SPX puts closed

#SPXcampaign In Pre-market, bought to close May 6th 2025/2000 put spreads for .70. Sold for 3.10 on April 15th as a roll. Closed to avoid any risk into Friday and jobs report.

More SPX puts

#SPXcampaign — White knuckling it through some more short-term spreads:
Sold to Open $SPX May 11th (Wednesday) 1980/1955 put spreads for 1.30.

SPX same-week puts

#SPXcampaign Sold to Open $SPX May 6th 2010/1985 put spreads for 1.40, with SPX at 2051.

SPX calls closed

#SPXcampaign Bought to close $SPX May 19th 2160/2185 call spreads for .20. Sold for 1.75 on April 18th.

SPX trades

#SPXcampaign
Sold to Open $SPX June 3rd 1910/1885 put spreads for 1.35
Bought to close $SPX May 13th 2145/2170 call spreads for .20. Sold for 1.35 last Thursday.

Another call spread added

#SPXcampaign Sold to Open $SPX May 19th 2140/2165 call spreads for 1.25

SPX calls closed

#SPXcampaign Bought to close $SPX May 13th 2150/2175 call spreads for .20. Sold for 1.67 in mid-April. I have more call spreads than put spreads so closing these releases margin.

SPX calls sold

#SPXcampaign Sold to Open $SPX June 3rd 2150/2175 call spreads for 1.60.

SPX calls sold

#SPXcampaign Sold to Open $SPX May 27th 2135/2160 call spreads for 2.25 as a roll.

SPX puts stopped early

#SPXcampaign Bought to close $SPX May 19th 1975/1950 put spreads for 2.50. Sold for 1.30 on April 20th.
Bought to close $SPX May 27th 1950/1925 put spreads for 2.25. Sold for 1.25 yesterday.

Closed these two before the 3.00 stop level to avoid waking up Monday to a bloodbath. I had too many put spreads that would all hit their stops at about the same time. Leaving plenty of risk on, but lightening the load. Now I’ll consider a call spread on rally into close.

SPX puts stopped

#SPXcampaign Bought to close $SPX May 11th (Wednesday) 2050/2025 puts spreads for 7.60. Sold for 3.50 on April 21st as a roll. Will look to sell an IC as a roll.

SPX calls closed

#SPXcampaign Bought to close $SPX May 6th 2140/2165 call spreads for .20. Sold for 1.25 on Apr 18th.

SPX puts sold

#SPXcampaign Sold to Open $SPX May 27th 1950/1925 put spreads for 1.25, with SPX at 2085.

SPX call spreads sold

#SPXcampaign Keep missing the put spread fills on the down moves. Need to be more aggressive since every dip is bought.
Sold to Open $SPX May 13th 2145/2170 call spreads for 1.35 (as a partial roll to earlier stopped spreads)
Sold to Open $SPX May 27th 2165/2190 call spreads for 1.50 (standard weekly spread)

SPX calls closed

#SPXcampaign In pre-market, bought to close Apr 29th 2125/2150 call spreads for .40. Sold for 1.35 on March 28th. Put on the close order yesterday as an attempt to exit before Fed… didn’t fill during the day. I wish I’d remembered to take the order off when I saw futures were down before bed (or at least lowered to .20). But, I’ll take the winner anyway.

SPX calls stopped

#SPXcampaign Bought to close $SPX May 27th 2125/2150 call spreads for 6.00. Sold for 4.50 on March 29th. Not a bad loss, but the call side continues to be toxic. I am reserving any and all calls for above 2150. I will look for roll options to replace this loss.

SPX puts closed

#SPXcampaign In pre-market, bought to close $SPX Apr 29th 2025/2000 put spreads for .25. Sold for 1.30 last Tuesday.

SPX puts sold

#SPXcampaign Sold to Open $SPX May 27th 1940//1915 put spreads for 1.30, with SPX at 2083.

SPX puts sold

#SPXcampaign Sold to Open $SPX May 19th 1960/1935 put spreads for 1.35, with SPX at 2083.

SPX calls stopped

#SPXcampaign Six minutes after close, bought to close $SPX May 19th 2125/2150 call spreads for 6.00. Sold for 3.50 on March 16th as a roll. This is one of three spreads I have at 2125. Stopping since we breached my 20-pt stop at 2105. Will wait the others out… I believe the upside momentum will slow a lot now that we are near the November high of 2116.

SPX Call Spread Story

Yesterday:
When market peakeded my original 10 delta call went to 45 Delta and risk was high
SPX AprWk4 2110/2130 Call spread originally sold for $1.00 bought back @ $3.50 with the loss $2.50

To compensate the loss, increased the contract size and sold in bit safer spots

Adjustment 1: Sold 20 delta call spread SPX AprWk4 2120/2140 for $1.75 AND
Adjustment 2: Sold 10 delta call spread SPX AprWk4 2125/2145 for $1.00
Today:
When market was down 2090 Bought back both total of 25 cents.

At the end, No Loss/No Gain… (broker is happy with the transactions)

#spxcampaign

SPX puts sold

#SPXcampaign Sold to Open $SPX May 13th 2050/2025 put spreads for 3.50. Aggressive trade as a roll from stopped call spreads.

$SPX: What do we do…

$SPX: What do we do in a market like this?
Add more short delta!
Sold to open $SPX Jun 3 2195/2220 call spreads @ 1.30. Short strike is just inside 1 standard deviation (=2199).

#SPXCampaign

SPX puts closed

#SPXcampaign Bought to close $SPX May 13th 1890/1865 put spreads for .20. Sold for 1.40 on April 11th.

SPX puts sold

#SPXcampaign Sold to Open May 19th 1975/1950 put spreads for 1.25.

SPX puts sold

#SPXcampaign Sold to Open $SPX Apr 29th 2025/2000 put spreads for 1.30.

question for Jeff or anyone…

question for Jeff or anyone – I have a May5 2125/2150 call. It is being tested. With that much time left on option, do you get out now or wait for down day? Thanks, Jeff

#spxcampaign

SPX puts closed

#SPXcampaign In pre-market, Bought to close May 6th 1915/1890 put spreads for .20. Sold for 1.30 on April 7th. And bought to close May 6th 1925/1900 put spreads for .20. Sold for 1.25 on April 4th.

SPX calls sold

#SPXcampaign Sold to Open $SPX May 19th 2160/2185 call spreads for 1.75.

SPX puts closed, calls sold

#SPXcampaign – missed my fill on new put spreads on the drop. Now I’m playing the other side.
Bought to close $SPX Apr 22nd 2000/1975 put spreads for .20. Sold for 1.60 last Tuesday.
Sold to Open $SPX May 6th 2140/2165 call spreads for 1.25.

SPX calls closed

#SPXcampaign In Pre-market, bought to close April 20th (Wednesday) 2110/2135 call spreads for .20. Sold on Apr 6th for 1.30.

SPX call stop-out

#SPXcampaign On the spike down this morning, Bought to close $SPX Apr 22 2100/2125 call spreads for 3.00. Sold for 2.50 on March 24th. Only a small loss, but since my 2080 stop level has been hit, need to clear the way for the freight train going north. A slow train can kill you as much as a fast one if you’re just lying on the tracks… might even be worse; a slow painful crushing rather than a quick death.

SPX puts sold

#SPXcampaign Sold to Open $SPX May 6th 2025/2000 put spreads for 3.10. A #ReverseRoll to partially replaced call spread stopped this morning.

Sold to Open $SPX May 13th 1960/1935 put spreads for 1.35, with SPX at 2080.

SPX trades

#SPXcampaign Yesterday, Sold to Open June 16th 1900/1875 put spreads for 2.00. I realized I sold a call spread weeks ago (2175/2200) in this expiry so a put spread would be margin free.

In today’s pre-market, Bought to close $SPX May 6th 2100/2125 call spread for 8.00. Sold for 5.00 on April 3rd (as a roll). Will look at add more rolls soon.

SPX puts closed

#SPXcampaign In pre-market, bought to close $SPX Apr 29th 1910/1885 put spreads for .20. Sold for 1.40 on March 22.

SPX calls sold

#SPXcampaign Sold to open $SPX May 13th 2125/2150 for 1.25, with SPX at 2078. Is there no limit to this rally?  New 2016 highs reached today.

SPX puts closed

#SPXcampaign Bought to close $SPX Apr 20th (Wednesday) 1980/1955 put spreads for .20. Sold for 1.90 on April 5th.

SPX puts closed

#SPXcampaign In pre-market, Bought to Close $SPX Apr 29th 1880/1855 put spreads for .20. Sold for 1.35 on Mar 29th.