#SPXcampaign 14 minutes after the bell, sold to open $SPX March 11th 2025/2050 call spreads for 2.25.
Tag Archives: SPXcampaign
SPX same-day spread
#SPXcampaign Bought to close $SPX March 4th 1935/1910 put spreads for .40. Sold this morning for 1.60.
SPX puts closed
#SPXcampaign Bought to close $SPX March 11th 1840/1815 put spreads for .30. Sold for 1.70 on Monday.
SPX calls stopped
#SPXcampaign Bought to close $SPX March 11th 2000/2025 call spreads for 5.90. Sold for 1.30 on Feb 8th. Uptrend knocking’ down my spreads like dominos! Will work on rolls in coming days.
Also, earlier today, forgot to post
STO $SPX March 11th 1900/1875 put spreads for 1.80.
SPX same week
#SPXcampaign Sold to Open $SPX March 4th 1935/1910 put spreads for 1.60. Playing it a bit close but strength seems to continue, so not expecting a collapse this week. Plan to be out of this today if the rally continues.
SPX calls stopped
#SPXcampaign BTC $SPX March 4th 1980/2005 call spreads for 7.40. Will implement rolls in the coming days.
Call spread in SPX for…
Call spread in SPX for the April monthly series
Sold $SPX 4/15 2095/2120 call spreads for 1.40 with SPX at 1973. Short strike is around 1 standard deviation (=2090). Another 120 points in the S&P would bring us right back up to the early Dec highs.
SPX put spreads
#SPXcampaign #Rolling Selling the other half of my roll; closed 1960-1985 call spread last week for 7.70. Sold new call spread earlier today for 5.50, selling this one, double-size, for 1.30; so netting additional .40 on the roll (added to the 1.25 initial spread was sold for).
STO $SPX March 24th 1825/1800 put spreads for 1.30.
Also need to stop out of the March 4th 1980/2005 call spread… ripped past my stop point while I was away from the desk this morning. Been closing and rolling anything that gets within 20-points.
SPX call spreads
#SPXcampaign This is probably the last time I can sell call spreads on this trend. I will start to have a lot of stop-outs if we continue toward 2000. VIX hits a new 2016 low and heading toward the key 16.93 level.
STO $SPX March 17th 2005/2030 calls for 5.50, as a roll from spread stopped last week.
STO $SPX April 1st 2070/2095 calls for 1.25.
…another put spread in the wall
#SPXcampaign STO $SPX April 1st 1735/1710 put spreads for 1.25, with SPX at 1937.
SPX puts sold
#SPXcampaign Sold to Open $SPX March 11th 1840/1815 put spreads for 1.70, with SPX at 1937. Trying to sell another spread but chasing the bounce.
SPX calls closed
#SPXcampaign Put in an order to close in case we dropped into the close, and it filled after the close;
BTC $SPX March 4th 1960/1985 call spreads for 7.70. Will work on rolls next week. I think a pullback happens next but had to clear this one away in case we awake Monday to another rally.
SPX call roll
#SPXcampaign #Rolling Sold to Open $SPX March 24th 2005/2030 call spreads for 7.20. Part of a roll from this morning’s stopped spread.
SPX puts closed
#SPXcampaign Bought to close $SPX March 4th 1800/1775 puts for .15. Double position sold as part of a roll for 1.45 on Feb 18th.
SPX calls stopped
#SPXcampaign Bought to close $SPX March 4th 1975/2000 call spreads for 9.00 in premarket. Started already with some roll positions and will add more in coming days.
VIX plummeting
#SPXcampaign The VIX closed below a key support level of 19.20, signaling the bulls are proving themselves further. VIX is at a decision level; will it proceed down to 16.93, signaling an end to near-term downside risk, or bounce off the B-bands and signal more volatility? SPX call spreads have been under pressure and I will be executing some rolls today. To start, I sold a put spread in pre-market:
Sold to Open $SPX March 18th 1850/1825 put spreads for 2.00. This is an aggressive position designed to offset my call spreads.
Closing put spread in SPX
Bought to close $SPX Mar 11 1665/1640 put spread for .10. Sold for 1.30 on 2/5.
5-hour spread closed
#SPXcampaign Bought to close $SPX Feb 26th 1850/1825 put spreads for .20. Sold this morning for 1.30.
SPX call spread
#SPXcampaign Sold to Open $SPX Mar 24th 2025/2050 call spreads for 1.60, with SPX at 1910.
Are SPX Dailys next?
#SPXcampaign I have joked for awhile that with the advent of weeklys we would eventually see “Dailys”, where stocks like AAPL and SPY and indices like SPX will have different options series expiring EVERY trading day. Well, it looks like we’re getting closer to that craziness…. (thanks to @alsumde for bringing this to my attention):
Extended Listings For Equity, ETF, ETN And Index Weeklys Options. Check Wednesday rule starting on 2/23/2016
In January 2014 CBOE issued Regulatory Circular RG14-010 re: “Expansion of Number of Expirations Listed in S&P 500 Index Weeklys Options (SPXW).” The circular provides that CBOE will list out and maintain six consecutive SPXW expirations at once, not counting the current expiration.
SPX Weeklys options (part of SPXW) are options that are listed to provide expiration opportunities every week. SPX Weeklys expiring at the end of each week (End of Week – EOW) are typically listed on Thursdays and expire on Fridays. As of February 23, 2016, CBOE began offering Wednesday Weeklys (also part of SPXW), which are typically listed on Tuesdays and expire the following Wednesday. (Note that EOW Weeklys or Wednesday Weeklys are not listed if either would correspond with a currently listed option, i.e. regular 3rd Friday or SPX End of Month – EOM options).
SPX Weeklys are PM-settled on the last trading day, typically a Friday for SPX EOW Weeklys, or a Wednesday for SPX Wednesday Weeklys. As with other PM-settled index options, the exercise-settlement value is calculated using the last (closing) reported sales price in the primary market of each component stock. On the last trading day, trading in expiring SPX Weeklys closes at 3:00 p.m. (Chicago time). All non-expiring SPX Weeklys continue to trade until 3:15 p.m. (Chicago time). For standard PM-settled, S&P 500 options that expire on 3rd Fridays, see ticker SPXPM.
These options are already tradeable at Interactive Brokers. They will be nice to use for rolls or occasional short-term spreads. This morning I sold the 1850/1825 spread for 1.35… got up toward 2.00, now is only .70. With the Wednesday options, there will be more opportunities for short-termers in these volatile markets.
SPX same week puts
#SPXcampaign Sold to Open $SPX Feb 26th 1850/1825 put spreads for 1.30, with SPX at 1899. These expire Friday.
SPX pre-market close
#SPXcampaign In pre-market fill, bought to close $SPX Feb 26th 1980/2005 call spreads for .20. Sold for 1.35 on Feb 10th.
SPX puts sold
#SPXcampaign, showing down the gauntlet and selling a put spread, which will probably allow this market to start dropping precipitously. This is the first 5-week put spread I have sold in two weeks.
Sold to Open $SPX March 24th 1750/1725 for 1.35, with SPX at 1931.
SPX roll
#SPXcampaign Although we barely notched above 1930, I am closing my lowest strikes call spread and #Rolling into an iron condor at the next expiration. This is to exit now rather than risk a push up to 1950, making things hairy.
BTC $SPX Feb 29th (monthly) 1950/1975 call spreads for 5.70. Sold for 1.45 on Feb 11th.
STO $SPX March 4th 1975/2000 call spreads for 4.00.
STO $SPX March 4th 1800/1775 put spreads for 1.45 (double position size)
Dumped BePS
#SPXcampaign Sold to close $SPX March 11th 1895/1880 bear put spreads for 5.20. Bought for 8.00 on Friday. If we have more downside coming, my timing was definitely off.
SPX put closed
#SPXcampaign Bought to close $SPX Feb 26th 1675/1650 put spreads for .20 Sold for 1.25 on Jan 25th. This is my last put credit spread, leaving me 100% short on the SPX strategy…. maybe just in time for a full market recovery? That’s the tough element in this strategy, but it is fully manageable if you follow the rules. My lowest short strike is the 1950 calls. I will look to roll out positions based on what Fib levels get cleared and if the VIX falls below 16.93. I believe we can rally even above 2000 before bears take back the reigns, but we need to be ready in case the correction has ended.
SPX puts closed
#SPXcampaign In pre-market, Bought to close $SPX March 11th 1600/1575 put spreads for .50. Sold for 1.25. Stop was set higher than usual to avoid longer exposure.
SPX call spread, March monthly
#SPXcampaign Sold to Open $SPX March 17th 2025/2050 call spreads for 1.50, with SPX at 1886.
SPX put DEBIT spread
#SPXcampaign Putting money where my bearish mouth is… half-sized position,
Bought to Open $SPX March 11th 1650/1625 put spreads for 1.40. Idea is to double money next week if we push back down toward 1800. This is in addition to Robert’s ITM put spread I bought below.
BTO SPX Mar 11 1895/1880…
BTO SPX Mar 11 1895/1880 BePS at $8.20…There is a K-Node at 1893-95 so I’ll place my stop at 1905.50 to get out if it breaks above the K-Node….The max Loss at that level should be less than $185 pp….
SPX call spread
#SPXcampaign, I guess I am 5 points more patient than @Ramie…
Sold to Open $SPX March 4th 1980/2005 call spreads for 1.25, with SPX at 1857.
Selling SPX call spreads
Sold $SPX Mar 4 1975/2000 call spread @ 1.40 credit. Short strike is well above resistance levels, and outside of 1 standard deviation (1963).
SPX calls
#SPXcampaign Sold to Open $SPX Feb 29th (monthlys) 1950/1975 call spreads for 1.45.
SPX trades
#SPXcampaign
Bought to close $SPX Feb 26th 2025/2050 call spreads for .20. Originally sold for 1.55.
Stopped out, March 4th 1700/1675 put spreads for 2.90. Originally sold for 1.25.
#ReverseRoll Sold to Open SPX March 4th 1960/1985 call spreads for 1.45.
Selling a call spread on a 2% down day, you ask? Yes! Call spreads are working without fail. I will definitely sell more with any bounce higher today and every day there’s a bounce, but currently I have stopped selling put spreads more than a few days out.
SPX one-day trade
#SPXcampaign Sold to Open $SPX Feb 12th 1770/1745 put spreads for 1.40. Expires tomorrow. Also still sitting on 1790/1765 spreads, which are a bit of a nail biter.
More SPX calls
#SPXcampaign, following @Ramie on this one, Sold to Open $SPX Feb 26th 1980/2005 call spreads for 1.35.
SPX call spread
Sold $SPX Feb 26 1980/2005 BeCS @ 1.35. Outside of 1 standard deviation (1965) and over 100 points out of the money.
#SPXCampaign
SPX calls sold
#SPXcampaign Sold to Open $SPX March 11th 2020/2045 call spreads for 1.25, with SPX at 1873.
SPX same week calls
#SPXcampaign Sold to Open $SPX Feb 12th 1925/1950 call spreads for 1.40. Expires this Friday.
SPX puts stopped
#SPXcampaign Bought to Close $SPX March 4th 1700/1675 put spreads for 2.90. Sold last week for 1.25.
This happened last week too; stopped out on there 5-week spreads and then make up the loss with several same-week spreads. Not an ideal situation. so I have to reconsider selling the 5-week put spreads at all. However, all call spreads work.
SPX Put spread
#SPXcampaign Sold to Open $SPX March 11th 1600/1575 put spreads for 1.25, with SPX at 1843. Interesting, the March 11th SPX put chain skips most 5-point strikes below 1600. I don’t see that in other weeks.
Calls closed
#SPXcampaign Bought to close $SPX Feb 26th 2025/2050 call spreads for .20. Sold for 1.25.
Pre-market calls closed
#SPXcampaign In pre-market, Bought to Close $SPX Feb 18th 2010/2035 call spreads for .20. Sold for 1.25. In pre-market I have two SPX put spreads that are threatened, but still below my stops.
#spxcampaign STO SPX MAR2 16…
#spxcampaign STO SPX MAR2 16 (3/11/2016) 1670/1645 BuPS @1.40
SPX puts
#SPXcampaign Sold to Open March 4th 1680/1655 put spreads for 1.25.
SPX one-week spread
#SPXcampaign Sold to Open $SPX Feb 12th 1790/1765 put spreads for 1.35. Expire next Friday.
SPX put spread in 3/11
Going out almost 2 standard deviations, and 225 points down.
Sold $SPX Mar 11 1665/1640 BuPS @ 1.30
SPX day trade
#SPXcampaign Bought to close $SPX Feb 5th 1850/1825 put spreads for .25. Sold for 1.50 this morning.
SPX two-day spread
#SPXcampaign Sold to Open $SPX Feb 5th 1850/1825 put spreads for 1.50. After being stopped on the 1860/1835 spread yesterday, replacing with a slightly lower one. Remember we have nonfarm payrolls on Friday morning
one of those days…
..where you get stopped at the bottom when SPX is down 1.5%, then it rips back up to end positive before I could throw on any rolls. Oh well. I’m sure more chances are coming. As for the call side, just Sold to Open $SPX Feb 12th 1990/2015 call spreads for 1.25. #SPXcampaign
SPX puts stopped
#SPXcampaign Bought to close $SPX Feb 12th 1800/1775 put spreads for 2.90. Sold for 1.25 on Tuesday.
SPX calls closed
#SPXcampaign Bought to Close $SPX Feb 18th 2025/2050 call spreads for .20. Originally sold for 1.40.
SPX puts stopped
#SPXcampaign Bought to close $SPX Feb 5th 1860/1835 put spreads for 2.45. My guess is this would have made it, but it went over my 3.00 stop yesterday and I let it go because we were extended for the day and I felt we would get a bounce around 1900 level. We did, but today’s action is not promising. This was sold as part of a same-week iron condor on Monday for 2.65… so for the full trade I’m getting out with a small profit. Thanks Addy, for the idea on Monday.
SPX call spread
#SPXcampaign Sold to Open $SPX March 4th 2025/2050 call spreads for 1.55.
SPX calls closed
#SPXcampaign Bought to close $SPX Feb 12th 2015/2040 call spreads for .20. Originally sold for 1.25.
SPX calls closed
#SPXcampaign Bought to close $SPX Feb 1990/2015 call spreads for .15. Sold for 1.25. Closing one of two call spreads; will let the 1980/2005 expire Friday.
SPX more puts
#SPXcampaign Sold to Open $SPX March 4th 1700/1675 put spreads for 1.25. First sale in this expiration.
SPX puts
#SPXcampaign Sold to Open $SPX Feb 12th 1800/1775 put spreads for 1.25. Expire next week.
SPX same-week spread
#SPXcampaign Sold to Open $SPX Feb 5th 1860/1835 puts for 1.25. Adding a 1980/2005 call side on the next swing up. Following Addy on this trade. This can get into trouble fast if we have strong moves this week, so have to watch closely.
SPX calls sold
#SPXcampaign Sold to Open $SPX Feb 26th 2025/2050 call spreads for 1.25
SPX puts closed
#SPXcampaign Bought to close $SPX Feb 5th 1750/1725 put spreads for .20. Sold on Monday for 1.50.
SPX puts closed
#SPXcampaign I wanted to let this expire, but I was messing around with an order earlier today and forgot to take it off. So..
Bought to close $SPX Jan 29th 1830/1805 put spreads for .40. Sold yesterday for 1.30.
Two-day put spread
#SPXcampaign Sold to Open $SPX Jan 29th 1830/1805 put spreads for 1.30. Expire this Friday. Paired with 1955/1980 call spreads sold yesterday.
SPX puts closed
#SPXcampaign BTC $SPX Feb 18th 1625/1600 put spreads for .25. Originally sold for 1.25.
Puts closed
#SPXcampaign Bought to close $SPX Feb 12th 1650/1625 put spreads for .30. Sold for 1.30. Closed a bit earlier than usual to keep put side manageable.
Same-week call spread
#SPXcampaign Sold to Open $SPX Jan 29th 1955/1980 call spreads for 1.45. These expire Friday, or I will roll if they get threatened. I do not believe this rally will get past 1920 before retracing or collapsing.
Call spread
#SPXcampaign Sold to Open $SPX Feb 26th 2015/2040 call spreads for 1.40.
Short-term put spread
#SPXcampaign Sold to Open $SPX Feb 5th 1750/1725 put spreads for 1.50.
Put spread
#SPXcampaign Sold to Open $SPX Feb 26th 1675/1650 put spreads for 1.25. This is really my first “normal” put sale in January, where I am selling on a typical down day rather than a violent down day, 5 weeks out.
Puts closed
#SPXcampaign Bought to Close $SPX Feb 5th 1615/1790 put spreads for .15. Sold on Wednesday for 1.25.
New call spread
#SPXcampaign, since I just closed the Feb 12th 2070 spread this morning, rolling it down with a new position.
Sold to Open $SPX Feb 12th 2015/2040 call spreads for 1.25, with SPX at 1903.
Calls closed
#SPXcampaign BTC $SPX Feb 12th 2070/2095 call spreads for .20. Could have closed for less but was going to let expire. Now I just want it out of the way with profit.
another call spread
#SPXcampaign Sold to Open $SPX Feb 5th 1990/2015 call spreads for 1.25. In this market I have been making many round trips in each expiration, as the wild swings allow entry then a cheap exit a few days (or hours) later.
LONG put spread
#SPXcampaign Bought to open $SPX Feb 5th 1675/1650 put spreads for 1.10. This is for our possible trip below 1800 tomorrow or next week. This spread should at least be a double if we go there. If not, it is a smaller loss than all of the credit spreads I have been selling.
Call Spread
#SPXcampaign STO $SPX Feb 18th 2010/2035 call spreads for 1.25. Will wait to sell more if we rally a lot higher today.
Options Bistro 