#spxcampaign Closed Early
$SPX STC 1/12 2750/2775 BUCS @ 13.00 BTO @ .94 on 12/20 Have a few left. Thank you @jeffcp66
$SPX BTC 1/16 2675/2700 BUPS @ .20 (GTC order) STO @ 5.00 on 1/3 Many thanks SPX guru @jeffcp66
#shortputs Closed Early
$BABA BTC 1/19 195/185 BECS @ 4.30 STO @ 1.30 on 12/22
#shortputs
$NFLX STO 1/19 210/215 BUPS @ 1.40 Earnings 1/22 – Expecting melt up
#SPXcampaign Sold $SPX Jan 26th 2800/2825 call spreads for 3.60.
I decided to dip my toe in since we had such a strong surge at the end of the day. If we get any pullback or consolidation over next couple of days, I can close this for under a dollar. If not, I’ll stop it at 5.00 or 6.00.
#SPXcampaign Sold to Open $SPX Feb 9th 2660/2635 put spreads for 1.55.
#shortput
$FB STO 1/26 177.5/185 BUPS @ 1.40 Earnings 1/31
#spxcampaign
$SPX BTO 1/19 2765/2785 BUCS @ 1.90 Thank you @jeffcp66
$SPX STO 2/23 2550/2650 BUPS @ 5.80 Thank you @alsumde
#spxcampaign Cleanup Getting out earlier than usual ;-}
$SPX BTC 1/26 2765/2740 BECS @ 11.50 STO @ 1.90
$SPX BTC 2/2 2775/2750 BECS @ 10 STO @ 1.50
$SPX BTC 1/19 2765/2740 BECS @ 6.50 STO @ 1.50
#spxcampaign
STO SPX 28 FEB 18 2625/2525 BuPS @5.10
#spxcampaign
STO SPX 23 FEB 18 2635/2535 BuPS @5.00
#spxcampaign
STO SPX 23 FEB 18 2630/2530 BuPS @5.00
#SPXcampaign Sold to Open $SPX Jan 22nd 2740/2715 put spreads for 7.50 (wish I’d waited 10 minutes).
#VXXGame Sold to Open $SVXY March 16th 130/110 put spread for 8.05. That cost me 2K in margin as opposed to a naked March 120 put, for which they wanted 12K. I guess that means I’m long the market.
#SPXcampaign Bought to open $SPX Jan 19th (Friday PM) 2765/2785 call spreads for 3.20. Also orders in to sell some put spreads.
#VXXGame Bought to CLOSE $SVXY Jan 19th 125 call for 11.15. Sold for 3.75 on Oct 26th. Looking for roll options.
#spxcampaign
$SPX STC 1/12 2750/2775 @ 9.00 BTO @ .93 Sold 1/3 of position. Thank you @jeffcp66
#shortputs
$NTNX STO 1/19 37.50 puts @ 1.15 Thank you @honkhonk81
#SPXcampaign Sold a third of my LONG $SPX Jan 12th 2750/2775 call spreads for 10.45. These were bought for only .45 back on Dec 11th. I’m keeping the rest until Friday’s expiration.
#SPXcampaign Closed on GTC orders:
$SPX Jan 26th 2605/2580 put spreads for .20. Sold for 1.45.
$SPX Jan 16th 2700/2675 put spreads for .30. Sold for 4.75.
#spxcampaign
STO SPX 23 FEB 18 2650/2550 BuPS @5.00
#spxcampaign
$SPX STO 1/19 2715/2740 BUPS @ 5.80 Thank you @jeffcp66
#rolling
$DVN BTC 2/16 39 put STO 2/16 41 put at additional .43 credit
#shortputs
$CRZO STO 2/16 22.50 puts @ .95
Closed Early
$FB BTC 1/19/2018 BUPS @.10 STO 11/22 @ 1.85 94% of max profit
$TRU BTC 3/16 35 puts @ .05 STO @ 1.40
#SPXcampaign These closed this morning on GTC orders:
$SPX Jan 12th 2690/2665 put spreads for .25. Sold for 3.20 one Jan 3rd.
$SPX Jan 18th 2620/2595 put spreads for .20. Sold for 1.60 on Dec 22nd.
Upside Warning working… this morning’s minor drop another entry opportunity.
#SPXcampaign Earlier sold my standard, 5-week-out, campaign trade (Feb 9th expiry). Here I’m selling an aggressive, ATM, shorter timeframe as it looks like the morning weakness is ending. This one will be on a shorter leash, and if we haven’t moved higher by this Friday I will likely roll it.
Sold $SPX Jan 19th (Friday PM expiration) 2740/2715 put spreads for 6.95.
#SPXcampaign Sold $SPX Feb 9th 2650/2625 put spreads for 1.60.
#spxcampaign
$SPX STO 1/17 2705/2730 BUPS @ 6.25 Thank you @jeffcp66
$SPX STO 2/2 2635/2660 BUPS @ 1.55 Ditto
#longcalls
$WUBA BTO 2/16 75/85 BUCS @ 5.00
#shortputs
$BA STO 2/16 280/290 BUPS @ 2.15
#SPXcampaign Here are the $SPX trades I made on the Great Market Dip of 2018 (the 3-point drop between 9:30 and 9:55 PT)
Sold Feb 2nd 2660/2635 put spreads for 1.55
Sold Jan 17th 2730/2705 put spreads for 6.50
BOUGHT Jan 16th 2750/2770 call spreads for 2.80
#SPXcampaign I was futzing around with taking some risk off yesterday, but was not filled. Then I forgot to take the order off, so this closed overnight, regretfully now that it’s trading at .60.
Closed $SPX Jan 8th 2710/2685 put spreads for 1.40. Sold for 6.20 on Wednesday.
#SPXcampaign Closed $SPX Jan 18th (monthlys) 2750/2775 call spreads for 2.15. Sold for 1.60.
That puts me 100% long SPX.
#optionsexpiration
$SPX 1/3 2650/2675 BUPS Full Profit Well done @jeffcp66
$SPX 1/3 2715/2690 BECS @ 92% of full loss
Closed Early
$SPX BTC 1/3 2645/2670 BUPS @ .05 99% profit Merci @jeffcp66
$BIDU BTC 1/19 210/220 BUPS @ .20 88% of max profit
$SNAP BTC 1/19/2018 13 put @ .05. STO 12/4/2017 @ .72 No commissions on .05 closes at Schwab
#spxcampaign
$SPX STO 1/16/2018 2675/2700 BUPS @ 5.00 Thank you @jeffcp66
#SPXcampaign Changed my mind… got enough pullback:
Sold $SPX Jan 16th 2700/2675 put spreads for 4.75.
#SPXcampaign Closed my last short call spread:
$SPX Feb 2nd 2750/2775 call spreads for 3.60. Sold for 1.50 yesterday.
Waiting to roll. Whether we are up or down tomorrow I will sell new put spreads, but I’m going to wait in case we have a pullback. A mild pullback tomorrow will still likely result in an Upside Warning and would be a better place to start long positions than at all-time highs. Then again, we could just continue higher and get long anyway.
#SPXcampaign I’m jumping on this train. It hasn’t failed lately and I don’t see any reason it’s going to fail now. Holding off on BUYING any longs… would like to see another day and maybe some slight pullback.
Stopped $SPX Jan 26th 2740/2765 call spreads for 4.10. Sold for 1.80 last week.
#ReverseRoll Jan 8th 2710/2685 put spreads for 6.20. Slightly ITM.
#SPXcampaign
Closed Jan 26th 2740/2765 call spreads for 2.95. Sold last week for 1.70.
Closed Jan 5th 2795/2720 call spreads for 11.80. Sold in a condor Friday for 7.35. Letting the 2675/2650 put spreads expire.
#SPXcampaign Sold $SPX Feb 2nd 2620/2595 put spreads for 1.50.
#SPXcampaign Spent the weekend wondering if I’d be challenged on the put side. Wrong again!
Closed $SPX Jan 3rd 2690 calls for 11.60. Sold in a condor for 6.50 on Thursday. I will be rolling into something, not sure what yet. A new Upside warning may be firing tomorrow.
#spxcampaign
$SPX STO 2/2 2775/2750 BECS @ 1.50 Thank you @jeffcp66
#shortstrangles
$AVGO STO 2/2 250/290 Strangles Thank yo @jeffcp66 and @fuzzballl
#coveredcalls
$NFLX STO 2/5 205 Calls @ .98 Will it hang on?
Sold Early
$NFLX BTC 1/19 160/175 BUPS @ .20 STO @ 2.70
#SPXcampaign A flurry of put spreads closed in the last 20 minutes as $SPX ticked higher. I’m sitting now slightly ITM on a call spread expiring tomorrow (2690/2715). If we don’t open flat or lower, I will have to roll it.
Closed June 3rd 2775/2750 put spreads for .50. Sold in the condor for 6.50 on Thursday.
Closed June 3rd 2670/2645 put spreads for .30. Sold for 3.35
Closed Jan 12th 2580/2555 put spreads for .20. Sold for 1.45
#SPXcampaign Sold $SPX Feb 2nd 2750/2775 call spreads for 1.50
Closed on GTC order:
Jan 12th 2575/2550 put spreads for .20. Sold for 1.45
#SPXcampaign These were sold on Friday’s plunging close.
Closed $SPX Jan 2nd 2665 puts for .20. Sold on the 2665/2640 put spreads for 1.30.
#SPXcampaign Sold $SPX Jan 2nd 2665/2640 put spreads for 1.30. Could have gotten over 2.00 if I had thought the punch down would be so sharp. Looks like it might have gone ITM in the after market. These expire on Tuesday, OTM, I hope.
#SPXcampaign These are the second two standard weekly trades:
Sold $SPX Jan 26th 2735/2760 call spreads for 1.90.
Sold $SPX Jan 26th 2605/2580 put spreads for 1.50.
Also, closed on GTC order:
Jan 12th 2740/2765 call spreads for .20. Sold for 1.45 last week.
#SPXcampaign Looks like we may end the year with the typical down day. It has been the case on the last day of December 15 out of the last 20 years. I was able to unload some remnants at the open, although missed a fill in my long Dec 29th 2700 calls… about .50-.80 at the open but it dropped to quickly on me, so closed for only .25
Closed $SPX Dec 29th 2715 long calls for .05 (closed the short side of this spread yesterday)
Closed Dec 29th 2665 long puts for .20 (closed the short side of this spread yesterday)
Closed Dec 29th 2700 long calls for .25 (long spread bought for 2.85 last week when I though the Upside Warning was going to fire)
Also:
Sold Jan 5th 2650/2675/2695/2720 #CondorRoll for 7.30. This puts me in two tight condors for next week, as I sold the Jan 3rd 2650/2675/2790/2715 condor yesterday.
I would expect a small rally next week, but ready to roll as always.
#SPXcampaign Since $SPX has been up only 5 times in the last 20 years on the last day of the year, I closed the put side of this #IronButterfly. Letting the call side expire.
Closed $SPX Dec 29th 2690/2665 put spread for 7.40. Sold in an #IBroll for 17.55 last week (with 2690/2715 calls)
Also, trying to shake up this dull market: Sold June 3rd 2650/2675/2690/2715 #IronCondor for 6.50. These expire in just two trading days. My expectation is a slight drop tomorrow and then an up day on Tuesday.
#SPXcampaign Missed the top and never got an afternoon bounce. So I sold this when we were flat-on-day.
Sold $SPX Jan 26th 2740/2765 call spreads for 1.85.
Closed on GTC orders:
Dec 27th 2665/2640 put spreads (yesterday)
Jan 5th 2570/2545 put spreads (today)
$SPX STO 1/26/2018 2575/2600 BUPS @ 1.70
#SPXcampaign Sold to Open $SPX Jan 26th 2600/2575 put spreads for 1.70.
To each and every one of the wonderful traders at Jeff’s Bistro. Thank you for a year of fellowship and profit and sharing. A wonderful place to be. Best to you and your families in 2018 and beyond.
Closed Early (but not early enough ;-)) In this case the parenthesis need not match. One is a smile!
$SPX BTC 12/22 2685/2660 BECS @ 20.40 STO @ 7.80
#longcalls
$TRN BTO 1/19/2018 37 call @ 1.15
#Short Puts
$AAPL STO 1/12/2018 165/175 BUPS @ 2.00
#spxcampaign
Joining @jeffcp66
$SPX STO 2545/2670 BUPS @ 3.40
#SPXcampaign Replacing the Dec 26th spread I closed this morning:
Sold $SPX Jan 3rd 2670/2645 put spreads for 3.40.
#SPXcampaign Sold to Open $SPX Jan 18th (monthly) 2620/2595 put spreads for 1.60.
In anticipation of an Upside Warning:
Bought to open $SPX Dec 29th 2700/2725 LONG call spreads for 2.50.
#SPXcampaign Closed $SPX Dec 26th 2680/2655 put spreads for 2.50. Sold for 5.65 on Wednesday. Since this expires on the next trading day, I’m taking off risk since it’s close to ATM. Don’t want to get slammed with this if we open with a pullback on Tuesday.
#SPXcampaign Stepping cautiously, once again, into short call spreads. Feels like we may end the year more in consolidation than rally.
Sold $SPX Jan 12th 2740/2765 call spreads for 1.50
Sold $SPX Jan 18th (monthly) 2750/2775 call spreads for 1.60.
Also, closed on GTC order:
SPX Dec 26th 2645/2620 put spreads for .25. Sold for 4.70.
#SPXcampaign Closed on GTC order: $SPX Dec 22nd 2660/2635 put spreads for .40. Sold for 8.00 last week.
#SPXcampaign Sold to Open $SPX Dec 26th 2680/2655 put spreads for 5.65.
#SPXcampaign Should have gone with my instincts and exited all of this at the open. But man, that drop was fast. Now I most likely exited all of these near the bottom.
Closed $SPX Dec 20th 2690/2665 put spreads for 12.55. Sold for 3.90 on Monday.
Sold $SPX Jan 12th 2750/2775 LONG call spreads for .60. Bought for .45 last week. Sold half of this. Keeping the other half to either profit higher or expire worthless.
Sold $SPX Dec 22nd 2700/2725 LONG call spreads for .75. Bought yesterday for 1.50.
What a crappy way to start the day.
#spxcampaign
$SPX STO 1/19/2018 2585/2610 BUPS @ 1.65
$SPX STO 1/19/2018 2575/2600 BUPS @ 1.30
$SPX STO 12/20 2665/2690 BUPS @ 3.30
#shortputs
$SVXY STO 1/18/2019 55 put @ 7.80 Thank you @jsd501
$RCL STO 1/19/2018 120/123 BUPS @ .73 Tank you @smasty160
$EGBN STO 1/19/2018 55 put @ 1.00 Thanks @honkhonk81
#longcalls
$EGBN BTO 1/19/2018 55 call @ 5.30 Thank you @honkhonk81
#SPXcampaign Picked up a quickie long play for a potential pop tomorrow due to tax bill. Mind you, I think we could see a “sell the news” dump, but I lean toward a rally thanks to the holidays.
Bought $SPX Dec 22nd 2700/2720 call spreads for 1.50.
#SPXcampaign Sold $SPX Jan 18th (monthly) 2610/2585 put spreads for 1.60.
#SPXcampaign
Closed $SPX Jan 12th 2730/2755 call spreads for 3.50. Foolishly sold on Friday for 1.50.
#ReverseRoll Sold to Open Dec 20th 2690/2665 put spreads for 3.90
EDIT: was not filled on Jan 18th (monthly) 2600/2575 put spreads for 1.45
#SPXcampaign Closed on GTC order:
$SPX Jan 5th 2525/2500 put spreads for .20. Sold for 1.45.
Looks like I’ll be stopping my only short call spread: the Jan 12th 2730/2755 sold last week. Not sure when I can sell those safely again. We already hit my target for the 29th: 2690. That’s where I have an #IronButterfly centered. Reached the target only one day after selling it.
#SPXcampaign Sold $SPX Dec 27th 2665/2640 put spreads for 4.60, as a #ReverseRoll from Dec 26th calls stopped earlier.
Closed Dec 22nd 2670/2695 call spreads for 11.60. Sold yesterday for 5.55.
#IBroll to Dec 29th 2665/2690/2690/2715 #IronButterfly. Shooting for ending the year at or near 2690, but either way I can roll as necessary.
No Expirations.
#SPXcampaign As per usual, whenever I’m forced to hedge against a big drop I end up getting slammed on the call side.
Stopped $SPX Sept 26th 2695/2720 call spreads for 4.45. Sold yesterday in the 2620/2645/2695/2720 #CondorRoll for 6.65. Fortunately the put side has made more than the calls lost today (put deltas were much higher than the calls when I sold it).
Haven’t decided how I’m rolling yet. Also have a call spread I sold yesterday, Dec 22nd 2670/2695 for 5.55, now at 10.65. Looking to close this one as well.
MNST: STC tight debit spread, cutting it early. BTO @ .50 STC @ .65 for $150
MSFT: I’m always trying to build a stock portfolio w/ MSFT by selling #ShortPuts but I never get assignment. I saw a chance yesterday to sell 1DTE puts for .49, closed this morning for .02 for $470
AFL: Closed a January directional butterfly. When I opened the fly I thought “this is dumb, you’ll never get more than $100” Closed today for $170 profit
COT: Remember this spec trade? Based on upcoming 13f filings, it will go out at full loss -378.00. No more spec trades for me…time to remember my powerhouse trades and renew discipline for what works.
SPX Campaign: I happen to have an account with zero positions this morning, so starting a test of the #SPXCampaign process, I followed Jeff’s trade, but with a onesie. Jan 12 2730/2755 1.50 cr
#Bitties: Had 3 SPX bitties close for 30 contracts, total $1200 profit. One of them (already accounted for in the #FuzzyBear post) was only on for a day, I used the AS-BB indicator for timing placement. I’m currently out of index bitties, would like to see a new oscillator low before placing new ones.
Green open positions: ABBV, ADS, CELG, FLIR, IWM, JPM, LMT, MSFT, NTNX, SPY, TWTR, TXN
Red open positions: AOBC, DHI, DWDP, LKQ, MU, NUE, QQQ, SHAK, ULTA
I have very high cash balances right now, only small % is at work.
I’m probably done trading today, got to do the dreaded post office run. Our post office here is like a 3rd world country. 200 people in line and one person working. I hope everyone has a restful safe weekend. Me? I love a good whiskey in front of the fire on Friday afternoons.
#SPXcampaign Closed my long call spread that expires today.
First, I closed the short 2685 calls for .10. These can cause problems closing a spread that’s expiring on the same day. If they are too far OTM they won’t carry a bid in the afternoon, so I cleared them away so I could deal only with long 2665 calls.
Closed $SPX Dec 15th 2665 calls for 3.50 and 3.70. Bought the spread for 3.00.
Then, the SPX took off, so I closed the rest at 7.70. What a difference 10 minutes makes!
Also:
Sold $SPX Jan 12th 2730/2755 call spreads for 1.50. Had not sold any calls this week, anticipating the Upside Warning. But since it hasn’t come I’m dipping my toe back into call credit spreads.
Closed on GTC order:
Dec 29th 2540/2515 put spreads for .20. Sold for 1.45 in last week of Nov
SPY @jeffcp66 style for small accounts.
Finally cleared out the trades from the small account and can start the SPY experiment. Credit spreads and iron condors with the goal of doubling the account in a year. Only $7100 so works out to needing to bring in about $140 and change per week and control losses.
Here’s the plan. Sell weekly SPY credit spreads or iron condors. Probably leg into them using my charting tools. Short call/put at 16 delta 21-28 DTE, long call/put 3-5 points higher/lower. Only 3-5 contracts given the size of the account. Each week add a new spread. As the expiring ones lose value close or roll them or if really looks like it will finish OTM then let expire.
Anything gets in trouble will try to roll like @jeffcp66, back ratio if there is enough time left, or convert to short term diagonal/calendar if needed by buying an option 1-2 months out. Other option is just set a stop loss, short goes ITM close at twice what took in and close/scratch it.
Looking at 21 DTE in am at 259/255 put spread and 270/274 call spread for 0.25-0.26 each side. 5 contracts brings in $255 with max risk of $2000. Will see where we open, if we bounce just open put side, if down overnight call side. Then add other side at next reversal.
By 12/29 should be close to max profit and ready to roll. See below.
#spxcampaign
$SPX STO 12/22 2685/2660 BECS @ 7.80 Thank you @jeffcp66
#SPXcampaign So my mental stop on this spread was 2655. When we hit that I put in a low bid to close and was set to watch for a bounce. Then if we start moving higher, I keep lowering the bid to hopefully exit on a bounce. So we spent about 25 minutes near the lows, and my bid was 7.20. I stepped into the kitchen and it filled on the first minor pop. Now it’s trading for 6.50 on what may be the bounce. It’s the peril of riding ATM spreads so close to expiration.
Closed $SPX Dec 15th 2660/2635 put spreads for 7.20. Sold for 3.70.
#CondorRoll Sold Dec 26th 2620/2645/2695/2720 condors for 6.65
#SPXcampaign I’m still believing we get a combination Santa-Claus/Tax-reform rally, as Republicans look closer than ever to meeting their Christmas deadline. However, the failure on the upside warning firing has definitely come through, as the rally was immediately halted and now we are wavering. As I cleared all call spreads and am short only put spreads, my risk is too lopsided, so I had to #ReverseRoll at least one of them.
Closed $SPX Dec 18th 2660/2635 put spreads for 5.50. Sold yesterday for 3.65.
Sold $SPX Dec 22nd 2670/2695 call spreads for 5.55.
My bet is on a bounce into tomorrow’s quadruple witching expiration and then higher next week. But this hedges me some if we go lower instead.
SPX long call spread closed
#SPXcampaign
Sold to close SPX Dec 15th 2665/2685 LONG call spreads for 5.50, bought Dec 8th for 3.00. Will be away tomorrow and did not want to chance a pull back. Thanks Jeff
#SPXcampaign Closed on GTC order:
$SPX Dec 18th 2630/2605 put spreads for .40. Sold for 8.00 last week.
#SPXcampaign I sold one more put spread, but now not liking how we closed. Hoping for another push UP this week and a chance to start adding call spreads and even myself out. We may be topping out, but if they do manage to pass tax bill we could see another push up.
Sold $SPX Dec 18th 2660/2635 put spreads for 3.65.
#SPXcampaign Closed my last two remaining call credit spreads:
Closed $SPX Dec 20th 2590/2615 call spreads for 24.35. Sold ITM for 20.45. Waiting to replace when upside move tires out.
Closed SPX Dec 29th 2710/2735 call spreads for 2.25. Sold for 1.40 on Dec 1st.
Waiting to roll both tomorrow. Depending on how CBOE calls the close on VIX, we may or may not have an Upside Warning.
Closed Early
$ROKU BTC 12/15 30/35 BUPS @ 93% profit
#spxcampaign Thank you @jeffcp66
$SPX STO 12/15 2635/2660 BUPS @ 3.00
$SPX STO 12/22 2635/2660 BUPS @ 8.70
#shortputs
$WUBA STO 1/19/2018 75 puts @ 5.50
#SPXcampaign Stopped: $SPX Dec 15th 2680/2705 for 3.55. Sold in a #CondorRoll last week.
#ReverseRoll Sold Dec 15th 2660/2635 put spreads for 3.80.
Also, closed on GTC order:
Dec 15th 2610/2585 put spreads for .20. Sold for 3.40.
#SPXcampaign Sold to Open $SPX Jan 12th 2580/2555 put spreads for 1.50.
Closed on GTC order: Dec 29th 2500/2475 put spreads for .20.
#SPXcampaign Sold $SPX Dec 22nd 2260/2635 put spreads for 8.80. Another bullish position based on potential for Upside Warning hitting tomorrow.
#SPXcampaign Bought $SPX Jan 12th 2750/2775 call spreads for .45. I set up this spread as a potential to sell, but when I saw the low premium I decided to buy as a low risk shot at a run to 2700. This spread will sell for 5.00 or more if we get there by end of the month.
#spxcampaign
$SPX STO 12/20 2635/2660 BUPS @ 10.70
$SPX BTO 12/15 2665/2685 BUCS @ 2.72 Thank you @jeffcp66
#shortputs
$NFLX STO 1/19/2018 160/175 BUPS @ 2.70
Rolled
$CELG BTC 12/15 115 put @ 9.68 and STO 1/5 115 put @ 10.02
Closed Real Early
$SPX BTC 12/18 2665/2640 @ 11.00 STO yesterday @ 8.70
Closed Real Late
$NFLX BTC 12/8 190/195 BUPS @ 4.75. Saved enough for an early bird special tonight.
Closed Just Right ( A Fairy Tale Ending)
$EMR BTC 12/15 60/62.50 BUPS @ .05
Thank you everyone. Have a great weekend. First snowfall expected tomorrow in NYC area.
#SPXcampaign The VIX ended th day on its lows, signaling the likelihood of a new Upside Warning next week. So I closed the two Jan 5th call spreads I sold this week, one with sufficient profit and one with a loss, but easy to roll next week.
Closed $SPX Jan 5th 2740/2765 call spreads for .40. Sold for 1.50 on Monday.
Closed $SPX Jan 5th 2705/2730 call spreads for 2.10. Sold for 1.50 yesterday.
#OptionsExpiration, closed 1/3 of this position for 11.50 on Wednesday, and now the rest expires at the max profit.
#Exercised: Dec 8th 2520/2540 LONG call spreads for 20.00. Bought for 3.50 on Nov 27th.
#SPXcampaign Second and final standard spread for this week:
Sold $SPX Jan 5th 2570/2545 put spreads for 1.50.
#SPXcampaign Sold these only yesterday, but no reason to sit and watch them go further in the hole. Based on today’s action I’m expecting more upside next week so I’m not letting call spreads ride.
Closed $SPX Dec 18th 2640/2665 call spreads for 12.40. Sold yesterday for 8.75.
#ReverseRoll Sold Dec 20th 2660/2635 put spreads for 10.55. I’ll add another put spread later to make up difference.
Closed on GTC order:
Dec 22nd 2510/2485 put spreads for .20. Sold for 1.45 on Nov 22nd.
#SPXcampaign Since I have a long $SPX spread expiring at full profit today, adding a new one with the possibility of a further rally shaping up for next week.
Bought SPX Dec 15th 2665/2685 LONG call spreads for 3.00.
Also, closed on GTC order:
SPX Dec 22nd 2495/2470 put spreads for .20. Sold for 1.45 on Nov 21st.
#Markets #SPXcampaign Jobs report surging the markets higher. If the day remains positive and VIX drops, we are setting up for a new Upside Warning next week. This could mean a rally toward 2700 into the end of the month, which is typical for December. I’ll be watching to once again #ReverseRoll call spreads and get long.
Options Bistro 