Sell more BeCS 2805/2820 for 0.40
also BeCS 2815/2825 for 0.25 SPX 2800.47 now
I plan to add a BuPS 2795/2780 when it approaches $1, now 0.70
Sell more BeCS 2805/2820 for 0.40
also BeCS 2815/2825 for 0.25 SPX 2800.47 now
I plan to add a BuPS 2795/2780 when it approaches $1, now 0.70
STO Jul 13 2820/2825 BeCS for 0.40cr. Sold when 2810 was R2, delta 0.09, it has gone up since. I may add to position.
Well the plan to hold out for expiration with 100% premium turned out to be a big loser. Sold at $2 buy back at $6.50. And I was ahead $1 during the day. I’m gradually learning to sell out before the last 30 minutes, or maybe buy!
BTC Jul 02 option spread
2695/2685 puts for 0.20, sold this morning for $1
still watching 2720/2730 call for 100% capture of premium: $2, 0.70
Early this morning STO BeCS July 02 2720/2730 @$2.00 plan to hold till expiration
STO BuPS 2685/2675 Jul 02 @$1.60, closed for 0.75
STO BuPS 2695/2685 Jul 02 @$1.00 – too early but now slightly positive watching
STO BeCS Jul 02 2720/2730 @$0.70 hoping to hold till expiration
#spycampaign
update from yesterday’s 2785/2795 June 08 BeCS – quite a scare early in day as price approached 2780. Luckily, in this case, prices reversed and I closed at an adequate profit: sold 1.80 buy 1.20, 0.95; also added 2780/2790, sold 2.55, 1.55 buy 1.80, 1.70 glad to get out on that last portion.
As prices dropped I added BuPS 2760/2750 sold 3.10, 1.45 buy 2.70, 1.35 again glad to get out even.
Anxious to see what today holds.
#spycampaign
June 06
STO BeCS 2760/2770 for $2.25, 2760 is about R2, but delta is 0.33, higher than I like
STO BuPS 2745/2735 for $0.90, prices moving up strong, delta 0.172 safer level I think
This approach worked well last 2 expiration days so I’ll keep trying it until it fails. I add later in day after volatility dies down but premiums richer early in day.
#spycampaign
Jun 04 options
STO BeCS 2755/2765 for 0.65
STO BuPS 2735/2725 for 0.35, 0.30
watching to add BeCS 2755/2765 for $1.00cr
STO May 21 2750/2760 BeCS for 0.60cr when priced $2736.
What do we want to calls these? Mini SPX campaign or just SPY campaign. Can create a hashtag.
So I saw the reversal before I went to bed but was too busy in the office to open early. So just sold 5 contracts of the 21 DTE 261/257 put spread for 0.22. Now will wait on reversal at the top to add the call side.
To keep everything true, starting balance exactly $7140 on 12-15-2017. Each week add new trade until there is a 3-4 week running ladder of credit spreads and IC but will take a slightly directional bias using the alphashark tools and will use /es signals instead of spy because of night time trading. Credit of 105 – 4.95 for commissions so just say $100. Goal is $140 or so per week for a double. Every $2000 increase will add another contract for compounding.
Goal is at least a double on this account for 1 year.
Also rolled WDC 35 DTE 90 out to 42 DTE for 0.43 credit.
Back to work for me, getting in the way of trading!