#spxcampaign I’m taking another round of Dan Sheridan’s IC class. Opened a Mar 16th Monthly (Should have picked the weeklies) 28o0/2810/2635/2625 for 1.30 credit. Targeting 0.85 credit.
Tag Archives: SPXcampaign
Rolling DVN and EXAS / SPX Campaign
#rollup
$EXAS BTC 3/9 48 call and STO 3/29 50 call for 1.20 additional credit
$DVN BTC 3/9 41 put and STO 3/23 33 call for an overall debit of $2
#spxcampaign
Closed Early
$SPX BTC 3/9 2775/2750 BECS at 2.00 STO yesterday at 4.55 Thank you @jeffcp66
SPX Campaign / Short Calls
#spxcampaign
$SPX STO 3/9 2750/2775 BECS at 2.00
$SPX STO 3/9 2650/2675 BUPS at2.70 Thank you @jeffcp66
#shortcalls
$CBOE STO 3/16 122 call at .85 (Covered)
#spxcampaign SPY version #shortputspread Sold…
#spxcampaign SPY version #shortputspread #spycraft
Sold 2 March 16 265/267 put spreads for .40 each
SPX puts sold
#SPXcampaign Selling puts on the morning weakness, as the Gary Cohn news is one of those things that panics investors for about an hour. However, I’m on guard… more news or data could bring us lower… or higher. As I said Monday, this feels like a chop market for the short-term.
Sold $SPX March 9th 2675/2650 put spreads for 3.55.
Sold $SPX March 16th 2650/2625 put spreads for 3.10.
Sold $SPX April 6th 2550/2525 put spreads for 1.95.
SPX puts closed
#SPXcampaign Didn’t place any $SPX trades, but this one closed on GTC order:
SPX March 15th 2500/2475 put spreads for .20. Sold for 1.50 on Feb 15th.
SPX Campaign / Short Calls / Closed Early
#spxcampaign
$SPX STO 3/9/2018 2775/2750 BECS at 4.55
#shortcalls
$EXAS STO 3/9 48.50 calls at .50 (covered)
Closed Early
$NTNX BTC 3/16 35 put at .05 STO at 4.40 Thank you @honkhonk81
$SQ STC 3/16 40 call at 9.15 BTO at 2.80
Slow day
Just chop. I made no #SPXcampaign trades. I love the smell of theta decay in the afternoon.
#spxcampaign I am curious if…
I am curious if there is a version of #SPXcampaign that does not require watching the monitor all day long?
I reviewed all posts on this site for #SPXcampaign going back to 2016 and noticed that Jeff has to do a lot of rolls and must stay on top of the action.
Going far out and down, does reduce the need to watch SPX every day, but it also produces small results.
Someone recommended going with a fewer contracts, but $50 to $100 wide, because it would be easier to manage a spread this wide.
In 2015 I was actively trading SPX spreads $20 wide and got wiped out in August.
Just trying to find something more consistent and less demanding. 🙂
Edit: I have a regular margin account, no portfolio margin.
Any suggestions?
SPX long condor
#SPXcampaign With today’s 52-point range and a fat ATR, it’s much harder to sell short-term spreads because the swings can just crush you in the last hour of the day. So, when I entered this condor with the intent of selling it, I decided to buy it instead when I saw how cheap it was.
Bought to open $SPX March 7th 2640/2665/2775/2800 #LongCondor (1st use of that hashtag) for 1.55.
SPX calls sold
#SPXcampaign Seems to me we may be in consolidation for awhile, chopping around. The Downside Warning was canceled, then reinstated, but the second one has NOT produced new low. So I’m going to play the swings as best I can until it stops working. Missed my chance to sell one of these at this morning’s low… had an order ready but it took off on me.
Sold $SPX March 9th 2750/2775 call spreads for 3.80.
SPX calls sold
#SPXcampaign Now the other side of the puts I sold this morning:
Sold to Open $SPX Apr 6th 2840/2865 call spreads for 1.75.
SPX puts sold
#SPXcampaign Sold to open $SPX Apr 6th 2475/2450 put spreads for 1.65.
SPX trades
#SPXcampaign My morning sentiment was dead wrong. Just had to stop out on a call roll. Probably not putting any more rolls on as I truly do not know what Monday will bring.
Stopped: $SPX March 5th 2700/2725 call spreads for 5.70. Sold this morning for 3.10.
Also, sold to close LONG March 9th 2625/2600 put spreads for 2.90. Bought for 2.60 yesterday.
SPX Campaign
#spxcampaign
$SPX STO 3/28/2500/2525 BUPS at 2.05
$SPX STO 3/23 2800/2775 BECS at 2.80 Thank you @jeffcp66
Better Early Than Never / SPX Campaign
Saving $2
$SPX BTC 3/2 2725/2700 BECS at 23 STO at 3.00
#spxcampaign
$SPX STO 4/6 2500/2550 BUPS at 5.20 Thank you @fibwizard for the idea. I am more timid than you.
#spxcampaign $SPX STO 3/2 2635/2660…
#spxcampaign
$SPX STO 3/2 2635/2660 BUPS at 5.70 then $SPX BTC 3/2 2635/2660 BUPS at 3.30
#ironcondor
$AAPL STO 4/20 150/160/195/185 at 2.75
#longcalls
$WYNN BTO 1/18/2019 165/175 BUCS at 4.25
SPX trades
#SPXcampaign With Futures down and a weak open, I rotated some positions out of puts. I may only be talking my book, but I still sense we have lower to go. The chart I posted yesterday shows most of these double-header downside warnings take us down to the previous low (2532) or lower. Yesterday’s low was still 5% above that low.
Sold $SPX March 23rd 2790/2765 put spreads for 22.00. This is the ITM position I originally sold in early Feb. Closed the March 9 roll yesterday and now rolling 2-weeks further.
Stopped Apr 6th 2550/2525 put spreads for 4.30. Sold for 2.00 as a roll on Wednesday.
#ReverseRoll Sold March 5th 2700/2725 call spreads for 3.10, 1.44x position size.
Stopped March 23rd 2525/2500 put spreads for 3.15. Sold for 1.70 on Feb 20th. Cued up some March 29th lower put spreads for a roll. Will fill if we go lower.
Sold March 2nd 2660/2685 call spreads for 8.25. Nail-biter of a day trade.
SPX short
#SPXcampaign #Market I will post trades soon, but I switched more put spreads to calls and I believe we will be going further down today.
Closed Early / Short Calls
#spxcampaign
Closed Early on GTC Orders
$SPX BTC 3/9 2800/2775 BECS @ 2.00 STO at 6.00
$SPX BTC 3/16 2875/2850 BECS @ .30 STO at 1.80 Thank You @jeffcp66
$NVDA BTC 3/16 270/260 BECS at .80 STO at 2.30
$NKTR BTC 3/2 75 put at .30 Sold for 4.70. Earnings AH today. Earnings were good but only cost me .30. Thanks to @fuzzballl and @jdietz1954 for the idea.
#shortcalls
$MTN STO 3/16 210 call at 3.60
$SQ Rolled BTC 3/2 46 call STO 3/16 48 call Two dollars up and additional .40 credit
Credit spread adjustments, will be…
Credit spread adjustments, will be good for #spycraft trades and #spxcampaign among others.
Reading the new book “trading options for edge”. Fairly technical but about half way through now but hit on an adjustment for spreads that is so simple, why didn’t I think of that? Maybe even easier and more profitable than rolling or can at least scratch a trade.
For this to work you have to set up a credit spread that has at least 1 strike between them. For instance you could not do it with a 267.5/267 spy spread but you could do it with a 267.5/266.5. Also need to keep some cash ready for the adjustment.
So if your short strike is in danger of being breached, just buy a few options between the strikes. So say you had the 268/263 spy put spread and about to breach the 268 strike. Say you had 10 contacts, you could buy 3 or 4 of 265 puts and it would basically neutralize your gamma and delta risk. The other benefit is if it keeps moving once you are past your long strike would start showing a profit again because you are net long options and basically have a back ratio spread, just with tweaked strikes. Would work great on a day like today.
Worst case scenario is it stalls out after breaching your short strike but at least you have reduced the max loss a lot and if there is still enough time in the trade you may be able to scratch it for even.
As I said, duh, why didn’t I think of that. I have 8 different ways to adjust a losing credit spreads but this is probably the easiest and most effective. Much easier than diagonal, calendar, butterfly, BWB, back ratio or any of the other adjustments because you do not extend duration. It will all close out at the same time.
I will try it in a week or 2 once I clear out this round of trades. May intentionally set one up to blow up and see what happens.
I also was looking through past #spycraft type trades and the ones that were put on 21 or more DTE had better results than the shorter term ones. More time for a big move to reverse.
Going forward, these trades with be 21 or more DTE and if they need adjustment this will be the primary adjustment.
SPX trades 2
#SPXcampaign
Sold $SPX March 15th 2750/2775 for 3.50, as a #ReverseRoll from March 23rd puts stopped earlier.
Closed March 2nd 2710/2735 call spreads for 2.80. Sold for 9.20 this morning.
Closed March 16th 2820/2845 call spreads for .65. Sold in a #CondorRoll for 7.85 on Tuesday.
Could be a bounce here, folks.
SPX trades
#SPXcampaign Spent the morning converting the account to be short on $SPX. Took most action before the spike higher, so not ideal entries and exits, but good enough now that were down almost 2%.
In chronological order:
Bought to Open LONG March 9th 2625/2600 put spreads for 2.60.
Sold to Open March 29th 2840/2865 call spreads for 1.60.
Closed March 9th 2800/2775 put spreads for 23.00. Sold ITM for 19.70 last Friday. #ITMroll coming
Sold March 2nd 2710/2735 call spreads for 9.20. #ReverseRoll
Closed March 9th 2725/2700 put spreads for 11.05. Sold for 4.05 on Monday. (rolled to spread above)
Sold March 23rd 2775/2800 call spreads for 5.25
Closed March 29th 2610/2585 put spreads for 3.15. Sold for 1.50 on Monday.
Closed March 16th 2695/2670 put spreads for 7.96. Sold in a #CondorRoll for 7.85 on Tuesday.
Sold March 28th 2525/2500 put spreads for 2.20, 1.5x pos size, #Rolling from Mar 29th puts closed above
Stopped: March 23rd 2530/2505 put spreads for 2.90. Sold for 1.60 on Friday. No roll yet.
SPX trades
#SPXcampaign
Stopped: $SPX March 29th 2625/2600 put spreads for 2.85. Sold yesterday for 1.45.
#Rolling: Sold April 6th 2550/2525 put spreads for 2.00, 1.5x position size.
Stopped: March 2nd 2725/2700 put spreads for 9.60. Sold for 5.20 on Friday.
SPX Campaign / Short Puts PRLB
#spxcampaign
$SPX STO 3/9 2800/2775 BECS at 6.00 Thank you @jeffcp66
#shortputs
$PRLB STO 3/16 105/110 BUPS @ 1.20
SPX calls sold
#SPXcampaign Sold $SPX Mar 9th 2775/2800 call spreads for 6.25.
SPX calls sold
#SPXcampaign With a second day of weakness I’m looking at call spreads now (after spending Friday and Monday stopping several). I’m offsetting put spreads at the same expiry.
Sold $SPX March 2nd 2775/2800 call spreads for 3.30. Expire this Friday.
#spxcampaign Sold to open Mar…
#spxcampaign Sold to open Mar 23rd 2870/2890 BeCS for 1.20 when SPX was at 2754. This condorized the BuPS. I have an order in for the same for the Mar 16th BuPS.
SPX rolling
#SPXcampaign In light of the weakness and possible failure of Upside Warning, I stopped nearest put spread and rolled into equal-sized, same date condor. Likely I’ll have to roll one of these sides, but better then waking up tomorrow with a large gap down.
Stopped: $SPX March 16th 2750/2725 put spreads for 8.30. Sold yesterday for 5.80.
#CondorRoll: Sold March 16th 2670/2695/2820/2845 condors for 7.85.
SPX trades
#SPXcampaign Stopped: $SPX March 15th 2850/2875 call spreads for 2.90. Sold for 1.60 on Feb 15th.
Bought SPX March 7th 2810/2830 call spreads for 3.45. This anticipates an Upside Warning going into effect today, and will profit from the probable strong push higher over the next week.
SPX puts sold
#SPXcampaign Sold $SPX March 29th 2625/2600 put spreads for 1.65.
SPX Campaign / Long SVXY…
SPX Campaign / Long SVXY Calls / Short Puts AMZN / AZO Earnings Strangle / Close Early SQ Calls /
#spxcampaign
$SPX STO 3/2 2700/2725 BUPS at 3.00 Thank you @jeffcp66
$SPX STO 3/9 2775/2800 BUPS at 17.00 Thank you @jeffcp66
#longcalls
$SVXY BTO 1/17/2020 16 calls at 5.30 Thank you @fuzzballl
#shortputs
$AMZN STO 3/16 1420/1440 BUPS at 2.85
#shortstrangles (Earnings)
$AZO STO 3/2 660/790 at 6.40 Thank you @jeffcp66
Closed Early (partial position due to earnings tomorrow)
$SQ STC 3/16 40 call at 6.85 BTO at 2.80
$SQ STC 3/16 46 call at 3.00 BTO 11/15 at 5.50 (Should have closed them all)
Another reverse roll
#SPXcampaign Closed $SPX March 23rd 2860/2885 call spreads for 3.10. Sold for 1.75 last Wednesday.
#ReverseRoll Sold March 16th 2750/2725 put spreads for 5.80.
Signs are pointing to an Upside Warning tomorrow afternoon, but can’t be certain until it happens. VIX is not dropping much today.
SPX reverse roll
#SPXcampaign Closed $SPX 2845/2870 call spreads for 2.95. Sold Friday for 1.55.
#ReverseRoll Sold March 9th 2725/2700 put spreads for 4.05.
Morning all
$SPX #spxcampaign Sold to open Mar 16th 2615/2595 (Monthly) for 1.00.
chasing puts
#SPXcampaign Determined to sell puts at the open, but I kept having to raise my strikes… this is the bullish action we can expect after a downside warning is cancelled.
Sold $SPX March 29th 2610/2585 put spreads for 1.50. (March 30th is Good Friday and markets will be closed, so final expiration for that week is Thursday the 29th).
SPX puts closed in pre-market
#SPXcampaign Closed in pre-market on GTC orders:
$SPX Feb 28th 2675/2650 put spreads for .30. Sold for 3.80 on Wednesday.
$SPX Mar 2nd 2625/2600 put spreads for .30. Sold for 5.75 on Feb 13th.
Options Expiration 2/23/18
#OptionsExpiration #SPXcampaign #Earnings #ShortStrangles
— Expiring w/Max Profit —
$SPX 2690/2665 put spreads, sold for 5.45 on Feb 15th
$STMP 150/230 strangles, sold Wednesday for 2.30
— Expiring w/full loss —
$SPX 2425/2400 LONG put spreads, bought for 3.00 and 1.50 on Feb 9 and 12.
SPX puts sold
#SPXcampaign Sold $SPX Mar 2nd 2725/2700 put spreads for 5.20.
SPX trades
#SPXcampaign Sold to Open $SPX March 23rd 2845/2870 call spreads for 1.55.
#ITMroll Closed March 2nd 2800/2775 put spreads for 23.60. Sold for 23.80 on 2/14.
Sold March 9th 2800/2775 put spreads for 19.70.
Closed on GTC order: March 15th 2400/2375 put spreads for .20. Sold for 1.60 on Feb 13th.
Stopped Feb 28th 2750/2775 call spreads for 6.50. Sold yesterday for 4.45.
Cancellation of the Downside Warning looking likely. This could mean Upside Warning as early as Tuesday.
SPX puts sold
#SPXcampaign Sold $SPX March 23rd 2530/2505 put spreads for 1.60.
Closed Early SPX Campaign WYNN ALGN (Hearing Footsteps)
#spxcampaign
$SPX BTC 2/23 2710/2735 @ 8.00 STO for 1.60
#shortputs
$WYNN BTC 3/16 200/190 BECS @ .20 STO 2/7 at 1.82
$ALGN BTC 3/16210/220/BUPS at 82% profit
SPX calls sold
#SPXcampaign Sold $SPX Feb 28th 2750/2775 call spreads for 4.45. Offset Feb 28th put spreads sold yesterday.
SPX Closed Early / Short Calls
#spxcampaign
Closed Early
$SPX BTC 2/23 2725/2750 BUPS @ 10.00 STO @ 2.10 GTC order thank goodness.
$SPX BTC 2/23 2665/2690 BUPS @ 1.00 STO @ 6.70 Thank you @jeffcp66
#shortcalls
$MSFT STO 3/16 95 call at 1.15 (Covered)
SPX puts sold
#SPXcampaign Sold $SPX Feb 28th 2675/2650 put spreads for 3.80.
SPX trades
#SPXcampaign In pre-market, closed on GTC order:
$SPX Feb 23rd 2775/2800 call spreads for .45. Sold for 5.70 on Feb 6th.
Sold on the post-Fed spike: SPX March 23rd 2860/2885 call spreads for 1.75
$SPX Morning all. #SPXcampaign Closed…
$SPX Morning all. #SPXcampaign Closed my Feb 23rd 2840/2860 BeCS for 0.05. Amazing how long that took. This was the cheap side of the IC so not much profit from the 0.40 premium taken in. Hey, buys a beer to drown my sorrows from the stopped out BuPS side.
SPX Campaign / WYNN Strangle /Closed Early NFLX
#spxcampaign
$SPX STO 3/23 2500/2525 BUPS at 1.60 Thank you @jeffcp66
#shortstrangles
$WYNN STO 2/23 160/170 strangle at 1.60 Thank you @honkhonk81
#coveredcalls
$ETE STO 2/23 17 call at .30
$DVN STO 3/2 35 call at .81
Closed Early
$NFLX BTC 3/16 230/240 BUPS @ .40 STO 2/5 for 2.15
$NFLX BTC 3/16 220/235 BUPS @ .40 STO 2/13 for 2.06
SPX puts closed
#SPXcampaign Heartbreaking… these were trading for 1.50 a couple hours ago… but had to step away and I lost them.
Closed $SPX Feb 20th 2725 puts for 14.60. Sold in the 2700/2725/2765/2790 condor on Friday.
I will get some credit back by selling the 2700 long puts…
SPX puts sold
#SPXcampaign Sold to Open $SPX March 23rd 2525/2500 put spreads for 1.70.
SPX puts closed
#SPXcampaign When SPX got up to 2748 I closed this spread to take some profits…
Closed $SPX Feb 21st 2700/2675 put spreads for 1.75. Sold for 14.00 on Monday.
Stop and roll
#SPXcampaign Stopped $SPX March 15th 2815/2840 call spreads for 4.30. Sold on Monday for 1.75.
#CondorRoll Sold Feb 20th 2700/2725/2760/2785 condors for 8.05. Aggressive strikes expiring Tuesday, which is our next trading day due to the holiday Monday.
Closed Another SPX Early
#spxcampaign
$SPX BTC 2/16 2650/2675 BUPS @ .20 STO @ 1.75 Last week it was a BIG negative Thank you @jeffcp66 I know I am learning. Appreciate your incites. I mean insights, although lately many of us have become incited. And Lady Luck .
Here we go again
#SPXcampaign Closed $SPX March 9th 2810/2835 call spreads for 3.40. Sold for 1.50 last Thursday. Holding off on roll for now.
SPX Campaign / Closed Early SPX WUBA OLED CRM WYNN / Rolled DVN
#spxcampaign
$SPX STO 2/23 2665/2690 BUPS @ 4.75 and @ 6.70
$SPX STO 3/16 2475/2500 BUPS @ 1.40
$SPX STO 3/16 2875/2850 BUPS @ 1.80 Thank you for all @jeffcp66
#ironcondor
$BIDU STO 3/16 210/220/270/270 IC for 2.50
Closed Early I’m a little gun shy
$SPX BTC 2/21 2675/2700 BUPS @ 5.00 STO 2/13 @ 16.80 Thank you again kind sir @jeffcp66
$WUBA STC 2/16 75/85 BUCS @ 3.73 BTO 1/5 @ 5.00 Several days ago it was nearly 100% loss. Today only 26% loss. Of course before that which should not be named happened there was significant profit. Will probably open another BUCS in this name in hopes of earnings run. Earnings 2/26.
$OLED BTC 2/16 BUPS @ 7.00 STO @ 2.55 Made up some ground recently on $AAPL resurgence.
$CRM STC 2/16 105/115 BUCS @ 6.72. BTO at 3.50 Happy 😉
$WYNN BTC 2/16 150/160 BUPS @ .20 (GTC order) STO 1/30 at 2.84
Rolled
$DVN Rolled 2/16 41 put to 3/9 41 put for even.
SPX calls sold
#SPXcampaign Sold $SPX March 15th 2850/2875 call spreads for 1.60.
I suppose I’ll keep selling the call side until we get the upside warning. But it looks like its already time to roll the spread I sold on Monday.
SPX trades
#SPXcampaign Closed on GTC order: $SPX March 9th 2300/2275 put spreads for .20. Sold on Feb 5th for 1.80. Got above 4.00 on Feb 6th…. that’s past my usual roll stop but it was just too far OTM to worry about.
STOPPED Feb 21st 2750/2775 call spreads for 3.50. Sold for 4.35 in a #CondorRoll last Thursday.
#ReverseRoll Sold Feb 23rd 2690/2665 put spreads for 5.45.
ITM roll
#SPXcampaign On Feb 2nd I sold an ITM put spread in anticipation of the correction ending.
Sold $SPX Feb 23rd 2825/2800 put spreads for 16.90, when SPX was at 2761.
Feb 23 was too ambitious… this was a short correction but even so, should have gone to March. But I fully expected this possibility. I rolled in two steps this time. I put in GTC orders and adjusted prices slowly.
Sold SPX March 2nd 2800/2775 put spreads for 23.80. This filled yesterday during the morning gap down.
Closed Feb 23rd 2825/2800 put spreads for 24.00. This filled early this morning in pre-market.
So I was able to move the spread 25 points lower for only a .20 debit.
Since I paid only 1.00 less than the 25.00 cost to let the Feb 23 spread expire fully ITM, it was also possible to leave it in case we actually rally above 2800 by next Friday. I doubt that will happen, but it could!
SPX puts closed
#SPXcampaign Bought to close $SPX March 9th 2200/2175 put spreads for .20. Sold for 1.90 on Feb 6th when it was 440 points OTM.
SPX lottery ticket longer
#SPXcampaign On this dip I doubled my size on $SPX March 16th 2840/2860 long call spread for .80.
SPX reverse roll
#SPXcampaign Earlier, closed Feb 23rd 2690/2715 call spreads for 7.00. Sold for 4.05 on Friday.
#ReverseRoll Just now, sold March 2nd 2625/2600 put spreads for 5.75
SPX puts sold
#SPXcampaign Sold $SPX March 15th (monthlys) 2400/2375 put spreads for 1.60.
Reverse Roll
#SPXcampaign Closed $SPX Feb 16th 2650/2675 call spreads for 13.80. Sold on Friday for 6.20.
#ReverseRoll Sold $SPX Feb 21st 2700/2675 put spreads for 14.00.
Higher
#Market #SPXcampaign This recent click higher and corresponding dip in the VIX signals to me this market is going up. Still not close to confirmation on the VIXIndicator but I’m going to start reversing some positions in SPX.
SPX long put plays
#SPXcampaign I didn’t post a couple trades Friday… here are long put trades Friday and today…
Friday:
Sold to CLOSE $SPX Feb 16th 2600/2580 put spreads for 8.00. Bought for 1.80 on Wednesday.
Bought to open Feb 23rd 2425/2400 put spreads for 3.00.
Today:
Doubled my size of the Feb 23rd 2425/2400 puts for 1.50.
SPX call spreads sold
#SPXcampaign Sold $SPX March 15th (monthlys) 2815/2840 call spreads for 1.75.
SPX trades
#SPXcampaign Got caught in the down flush… these all could have been closed much better if I’d waited for the bounce.
In chronological order:
Sold Feb 16th 2650/2675 call spreads for 6.20
Stopped Feb 23rd 2450/2425 put spreads for 3.70. Sold for 2.00 yesterday.
Stopped Feb 12th 2550/2525 put spreads for 7.00. Sold for 3.75 on Tuesday.
Stopped Feb 9th 2565/2540 put spreads for 6.60. Sold for 2.20 yesterday.
Sold Feb 23rd 2690/2715 call spreads for 4.05.
Closed on GTC order: Feb 12th 2700/2725 call spreads for .40. Sold for 4.10 yesterday.
Stopped Feb 21st 2450/2425 put spreads for 3.65. Sold in #CondorRoll for 4.35 yesterday.
The only two put spreads I have remaining are the March 9th with short at 2300 and 2200. That’s likely all I will hold over the weekend, as we could have a Margin-Call Monday with a big gap down.
Whipsawed
#SPXcampaign Not a great morning on my SPX trades. Closed most put spreads near the lows. I think we have lower to go but i could have managed it much better. I will detail later.
SPX day trade
#SPXcampaign Caught this flush with a short call spread.
Sold to Open $SPX Feb 9th 2630/2655 call spreads for 11.15 at 2:57 ET.
Bought to close for 6.00 at 3:54 ET
SPX puts stopped
#SPXcampaign Pulled the plug on this one with the intention to roll later. I feel like we need to test this week’s lows again before we can assume correction is over.
Closed $SPX Mar 9th 2630/2605 put spreads for 9.00. Sold as a 1.5x roll for 2.00 last Friday.
SPX trades
#SPXcampaign High $TICK readings of the day… the lows could be in.
Sold to OPEN $SPX Feb 9th 2565/2540 put spreads for 2.20. Expire tomorrow, 70 points OTM.
Sold to CLOSE $SPX Feb 9th 2590/2570 put spreads for 2.75. Bought for 4.25 on Tuesday. Was riding the limit price on this one at the lows, but liquidated once I saw new TICK highs; loss is covered by the one I sold above.
Earlier: Sold to Open $SPX Feb 23rd 2450/2425 put spreads for 2.00.
Closed on GTC order: Feb 9th 2740/2765 call spreads for .25. Sold for 6.20 on Tuesday.
SPX roll sold
#SPXcampaign Sold $SPX Feb 21st 2425/2450/2750/2775 #CondorRoll for 4.35, as a roll from the Feb 9th put spreads stopped earlier.
SPX trades
#SPXcampaign Bought to close $SPX Feb 9th 2625/2600 put spreads for 4.25. Sold in a #CondorRoll for 4.25 on Monday. Will look to roll later today. Couldn’t risk a precipitous drop into tomorrow’s close.
SPX calls sold
#SPXcampaign Sold $SPX Feb 12th 2700/2725 call spreads for 4.10.
Working on stopping out of tomorrow’s 2625/2600 put spreads. Probably on this bounce.
SPX calls closed
#SPXcampaign Closed on GTC order: $SPX 2790/2815 call spreads for .30. Sold for 3.55 on Monday.
Market’s looking pretty weak.
Options Bistro 