#SyntheticShortStock – After looking things over for awhile I’m hanging on to the rest of the positions. Instead of rolling the daily put sales back in and up decided to leave them in the Oct monthly and just roll up there. Gives me few a more long deltas overall but plenty of room (half the expected move) for a drop while collecting good premium and theta.
Rolled SPX Oct 18 2024 5570.0 Puts to Oct 18 2024 5600.0 Puts @ 5.00 credit (15.00 total now)
#SyntheticShortStock – Due to the big rally today the deltas are starting to flip short. As an experiment closing my oldest position just to see what sort of fills I get in the LEAPS with the wide bid/ask. Turned out better than I expected getting filled just slightly worse than the mid.
Final numbers:
Initial trade:
Opened Dec 2027 5000/5000/5400 synthetic short at 225.00 debit
Closed Dec 2027 5000/5000/5400 synthetic short at 8.80 credit (this includes closing Oct 18th 5570 strike daily put sale)
Net loss on LEAPS of 216.20
Total premium received on daily sales of 427.15
Net gain of 210.95
Not bad with a synthetic short in a straight up market.
#SyntheticCoveredCalls #SyntheticShortStock – A few.
BA: A small synthetic stock position.
Expiring: BA May 24 2024 180.0 Calls (sold for 2.90)
Sold BA MAY 31 2024 175.0 Calls @ 2.45
GME: A fun little trade that has turned into a pain.
Rolled GME May 24 2024 21.0 Puts to Jun 21 2024 17.5 Puts @ .17 credit
Sold GME May 24 2024 18.0 Puts @ .62 (to close)
New position: Jun 21st 17.5/10.0 Bull Put Spreads @ .48
SNOW: A small synthetic stock position
Rolled SNOW May 24 2024 155.0 Calls to May 31 2024 155.0 Calls @ 1.75 credit (8.30 total now)
SPX: Rolled too late yesterday and too early today. Still collecting premium every day though. Sold against synthetic short stock a few years out.
Rolled SPX May 24 2024 5310.0 Puts to May 28 2024 5305.0 Puts @ .75 credit (19.50 and 19.75 total now)
#SyntheticShortStock – Could’ve gotten nearly 6 bucks for this roll this morning. You just never know. Rolling these out but not down to see if we bounce a little tomorrow.
Rolled SPX May 23 2024 5310.0 Puts to May 24 2024 5310.0 Puts @ 1.00 credit (18.75 total now)
#SyntheticShortStock – Thank you NVDA for the jacked premiums tomorrow!
Rolled SPX May 22 2024 5310.0 Puts to May 23 2024 5310.0 Puts @ 12.75 credit (17.75 total now)
#SyntheticShortStock – Another round.
Bought to Close SPX May 21 2024 5300.0 Puts .10 (sold for 20.65 and 21.34)
Sold SPX May 22 2024 5310.0 Puts @ 5.00
#SyntheticShortStock – Rolling.
Rolled SPX MAY 20 2024 5300.0 Puts to May 21 2024 5300.0 Puts @ 6.00 credit (20.65 and 21.35 now)
#SyntheticShortStock – Rolling on the little bounce.
Rolled SPX MAY 17 2024 5300.0 Puts to May 20 2024 5300.0 Puts @ 6.25 credit (14.65 and 15.35 now)
#SyntheticShortStock – Nice to have these back in the game.
Bought to Close SPX May 16 2024 5260.0 Puts @ .40 (sold for 8.25)
Sold SPX MAY 17 2024 5300.0 Puts @ 8.40 and 9.10
#SyntheticShortStock – Been rolling the short puts out and down during the selloff. With the “V” shaped recovery I’ve been rolling them up and in during the rally. With today’s big bounce I’m bringing them back into tomorrow to get them back in play. Until today most rolls have been for small credits. I’ll take the debit today…still leaves nice gains and I can resume daily selling (unless we tank tomorrow) LOL.
Currently:
SPX May 31 2024 5240.0 Puts @ 27.25
Then:
Rolled SPX May 31 2024 5240.0 Puts to May 16 2024 5260.0 Puts @ 19.00 debit (8.25 total now)
EDIT: Mistyped….19 debit on the roll…not 9. Numbers changed to reflect that.
#SyntheticShortStock – Played it not so good this week.
Had the 5240 sitting for today. Early in the week rolled it into Wed and up to 5245 at even. Was playing for a bounce on the numbers. That didn’t work. LOL
Had to roll it back out to next week 5240 at even. No harm no foul. Took a shot. Only downside is if I would’ve waited could’ve rolled it today out to next week’s 5230 at close to even.
Each roll down in the short puts adds gains to the synthetic shorts. If we really sell off might have to start rolling it a few weeks out and down. For example even with it 90 points in the money right now I could roll it to May and down 80 points for close to even. Now that would really help the shorts!
#SyntheticShortStock – Wow. Didn’t see this reversal coming. Way too early on these this morning. Out a week and down a couple strikes. May adjust again Monday.
Rolled SPX Apr 05 2024 5250.0 Puts to Apr 12 2024 5240.0 Puts @ even (22.65 total now)
#SyntheticShortStock – More data coming in the morning so very aggressive here. No clue how the market will react.
Rolled SPX Apr 05 2024 5240.0 Puts to Apr 05 2024 5250.0 Puts @ 3.85 credit (22.65 total now)
#SyntheticShortStock – Out to Friday and down a strike.
Rolled SPX Apr 02 2024 5245.0 Puts to Apr 05 2024 5240.0 Puts @ 2.00 credit (18.80 total now)
#SyntheticShortStock – Straight roll today.
Rolled SPX Apr 01 2024 5245.0 Puts to Apr 02 2024 5245.0 Puts @ 6.25 credit (16.80 total now)
#SyntheticShortStock – Gonna call these good. Got my roll target so resetting accumulated premium.
Bought to Close SPX Mar 28 2024 5235.0 Puts @ 1.55 (sold for 25.65 and 26.15)
Sold SPX Apr 01 2024 5245.0 Puts @ 10.55
#SyntheticShortStock – Rolling down a strike. Could have gotten 3.50 for this at the open but thanks to Fidelity’s absolutely horrible mobile app had to wait until back home.
Rolled SPX Mar 27 2024 5240.0 Puts to Mar 28 2024 5235.0 Puts @ .50 credit (25.65 and 26.15 total now)
#SyntheticShortStock – Straight roll again today.
Rolled SPX Mar 26 2024 5240.0 Puts to Mar 27 2024 5240.0 Puts @ 4.10 credit (25.15 and 25.65 total now)
#SyntheticShortStock – Straight roll today.
Rolled SPX Mar 25 2024 5240.0 Puts to Mar 26 2024 5240.0 Puts @ 4.50 credit (21.05 and 21.55 total now)
#SyntheticShortStock – Straight roll.
Rolled SPX Mar 22 2024 5240.0 Puts to Mar 25 2024 5240.0 Puts @ 6.10 credit (16.55 and 17.05 total now)
#SyntheticShortStock – Another round.
Bought to Close SPX Mar 21 2024 5200.0 Puts @ .45 and .55 (sold for 12.15)
Sold SPX Mar 22 2024 5240.0 Puts @ 10.45 and 10.95
#SyntheticShortStock – Another round. Staying aggressive.
Bought to Close SPX Mar 20 2024 5150.0 Puts @ .65 (sold for 13.70)
Sold SPX Mar 21 2024 5200.0 Puts @ 12.15
#SyntheticShortStock – Ready for a possibly wild day tomorrow (but finish unchanged) LOL!
Bought to Close SPX Mar 19 2024 5150.0 Puts @ .70 (sold for 26.00 and 26.70)
Sold SPX Mar 20 2024 5150.0 Puts @ 13.70
#SyntheticShortStock – Good IV for rolling this week so taking a little more risk.
Rolled SPX Mar 19 2024 5145.0 Puts to Mar 19 2024 5150.0 Puts @ 2.00 credit (26.05 and 26.75 total now)
#SyntheticShortStock – Finally getting a little weakness. Roll these down a little and hopefully reset the selling level a lot lower. Going out to Tue and down 10 points.
Rolled SPX Mar 15 2024 5155.0 Puts to Mar 19 2024 5145.0 Puts @ 1.75 credit (24.80 total now)
#SyntheticShortStock – A straight roll…my favorite kind. Feels like a free day when no adjustments needed. Triple witching tomorrow so IV hanging in there nicely. Could’ve gotten over 10.00 if I would’ve held out a little longer. You never know.
Rolled SPX Mar 14 2024 5155.0 Puts to Mar 15 2024 5155.0 Puts @ 8.75 credit (23.20 total now)
#SyntheticShortStock – Rolling a little earlier today.
Rolled SPX Mar 13 2024 5150.0 Puts to Mar 14 2024 5155.0 Puts @ 7.40 credit (14.45 total now)
#SyntheticShortStock – Another round.
Bought to Close SPX Mar 12 2024 5135.0 Puts @ .17 (sold for 13.75, 20.15, and 20.40)
Sold SPX Mar 13 2024 5150.0 Puts @ 7.05
#SyntheticShortStock – A nice VIX pop and good IV tomorrow for CPI allows for a nice roll and credit.
Rolled SPX Mar 11 2024 5145.0 Puts to Mar 12 2024 5135.0 Puts @ 3.75 credit (13.75 and 20.40 total now)
#SyntheticShortStock – Added a 2029 position at 5200/5200/5600 yesterday. Didn’t get a chance to sell against it.
Sold SPX Mar 11 2024 5145.0 Put @ 10.00
Maybe a little early on these though.
Rolled SPX Mar 08 2024 5125.0 Puts to Mar 11 2024 5145.0 Puts @ 8.00 credit (16.65 total now)
#SyntheticShortStock – Another round.
Bought to Close SPX Mar 07 2024 5115.0 Put @ .65 (sold for 19.80)
Bought to Close SPX Mar 07 2024 5120.0 Put @ .85 (sold for 16.25)
Sold SPX Mar 08 2024 5125.0 Puts @ 8.65
#SyntheticShortStock – Straight rolls again today.
Rolled SPX Mar 06 2024 5115.0 Put to Mar 07 2024 5115.0 Put @ 8.00 credit (19.80 total now)
Rolled SPX Mar 06 2024 5120.0 Put to Mar 07 2024 5120.0 Put @ 7.00 credit (16.25 total now)
#SyntheticShortStock – Straight rolls today.
Rolled SPX Mar 05 2024 5115.0 Put to Mar 06 2024 5115.0 Put @ 4.00 credit (11.80 total now)
Rolled SPX Mar 05 2024 5120.0 Put to Mar 06 2024 5120.0 Put @ 3.25 credit (9.25 total now)
#SyntheticShortStock – Another round. Difference is once again the horrible Fidelity software. Mobile app locked up and by the time I got it going again market had moved.
Bought to Close SPX Mar 04 2024 5095.0 Put @ .60 (sold for 7.85)
Bought to Close SPX Mar 04 2024 5095.0 Put @ .25 (sold for 6.25)
Sold SPX Mar 05 2024 5115.0 Put @ 7.80
Sold SPX Mar 05 2024 5120.0 Put @ 6.00
#SyntheticShortStock – Different fills on these in different accounts thanks to Fidelity’s horrible software. Had to close and reload in between so missed the 12 minute selloff in one account. 🙂 🙂
Bought to Close SPX Mar 01 2024 5075.0 Put @ .45 (sold for 38.95)
Bought to Close SPX Mar 01 2024 5075.0 Put @ .85 (sold for 38.95)
Sold SPX Mar 04 2024 5095.0 Put @ 7.85
Sold SPX Mar 04 2024 5095.0 Put @ 6.25
#SyntheticShortStock – A clean sweep. Straight rolls the entire week. I could hold out for more but a last hour rally would cost me premium and possibly a higher strike sale tomorrow. Dips during last 90 minutes of the day seem to work pretty good.
Rolled SPX Feb 29 2024 5075.0 Puts to Mar 1 2024 5075.0 Puts @ 8.50 credit (38.95 total now)
#SyntheticShortStock – Sideways week so another straight roll today.
Rolled SPX Feb 28 2024 5075.0 Puts to Feb 29 2024 5075.0 Puts @ 8.80 credit (30.45 total now)
#SyntheticShortStock – Another straight roll today.
Rolled SPX Feb 27 2024 5075.0 Puts to Feb 28 2024 5075.0 Puts @ 7.60 credit (21.65 total now)
#SyntheticShortStock – Straight roll today.
Rolled SPX Feb 26 2024 5075.0 Puts to Feb 27 2024 5075.0 Puts @ 8.50 credit (14.05 total now)
#SyntheticShortStock – Might be a little early but I’ll take the extra day of theta.
Bought to Close SPX Feb 23 2024 5055.0 Puts @ .55 (sold for 20.40 and 20.50)
Sold SPX Feb 26 2024 5075.0 Puts @ 5.55
#SyntheticShortStock – Rolling up to the bottom of tomorrow’s expected move.
Rolled SPX Feb 23 2024 5040.0 Puts to Feb 23 2024 5055.0 Puts @ 2.30 credit (20.40 and 20.50 now)
#SyntheticShortStock – See if we get a bounce by end of week before I look further out and down.
Rolled SPX Feb 20 2024 5040.0 Puts to Feb 23 2024 5040.0 Puts @ 2.80 and 3.00 credit (18.20 and 18.10 total now)
#SyntheticShortStock – Another round.
Bought to Close SPX Feb 16 2024 5015.0 Puts @ .70 (sold for 10.70)
Sold SPX Feb 20 2024 5040.0 Puts @ 15.25
#SyntheticShortStock – Bringing these back in to the dailys and getting a little less directional.
Bought to Close SPX Feb 23 2024 5045.0 Puts @ 40.90 (Sold for 57.60 and 59.35)
Sold SPX Feb 16 2024 5015.0 Puts @ 10.70
#SyntheticShortStock – On the early bounce.
Rolled Feb 16 2024 5050.0 Puts to Feb 23 2024 5045.0 Puts @ .90 debit (57.60 and 59.35 total now)
#SyntheticShortStock – Not doing any crazy rolls yet. Throw it out to Friday and see where we end up. Shorts are looking much better now. A sideways grind right here for the rest of the year works. 🙂 🙂
Rolled Feb 13 2024 5050.0 Puts to Feb 16 2024 5050.0 Puts @ .25 credit (58.50 and 60.25 total now)
#SyntheticShortStock – Keeping some slightly long deltas on the overall position with CPI tomorrow. Leaving the strike just inside tomorrow’s expected move.
Rolled SPX Feb 12 2024 5050.0 Puts to Feb 13 2024 5050.0 Puts @ 6.30 credit (58.25 and 60.00 total now)
#SyntheticShortStock – Playing with some slightly long deltas here now. Selling just outside the upper end of Monday’s expected move. Should be interesting. Should be easy to roll since it doesn’t feel like an implosion coming yet. If nothing else, roll ’em sideways for credits while protecting the upside a little.
Rolled SPX Feb 09 2024 4985.0 Put to Feb 12 2024 5050.0 Put @ 43.30 credit (51.95 total now)
Rolled SPX Feb 09 2024 4990.0 Put to Feb 12 2024 5050.0 Put @ 42.50 credit (53.70 total now)
#SyntheticShortStock – Added 2028. Back to same position size I had before being in timeout.
SPX Synthetic Short with protective call Dec 15 2028 5000/5000/5400 @ 283.0 debit
And:
Sold SPX Feb 09 2024 4990.0 Put @ 11.20
#SyntheticShortStock – Nice unchanged day so far.
Bought to Close SPX Feb 08 2024 4975.0 Put @ .55 (sold for 7.50)
Sold SPX Feb 09 2024 4985.0 Put @ 8.65
#SyntheticShortStock – Fidelity is letting me back in the game. Starting with a 2027 and may add a 2028. Had to go 400 wide on the call side since no 5500s available. Costs a little more out of pocket but max loss is still similar. 310 per week to cover max loss.
SPX Synthetic Short with protective call Dec 17 2027 5000/5000/5400 @ 225.0 debit
And:
Sold SPX Feb 08 2024 4975.0 Put @ 7.50
#SyntheticShortStock #WeekendReading
I am officially in timeout with Fidelity in my IRA for the next 90 days on these types of trades. I can still do about anything else until then though. Here’s the summary of the live trades.
Two entries synthetic short stock with a protective call.
Jan 12 4800/4800/5300 @ $5100 debit (2025 expiration)
Jan 23 4900/4900/5400 @ $11600 debit (2026 expiration)
Closed all positions on the Mon Feb 5th morning dip:
$4300 credit (2026 profitable and 2025 slight loss)
Total premium for 3 weeks of daily selling:
$14700 (4900 per week avg)
So:
$19000 credit vs $16700 debit ($2300 gain total) in pretty much a straight up market.
My thoughts:
Perfect time to try these with market at lifetime highs. Max loss on each position is debit paid plus width of call spread. (55100 and 61600 in these cases) That sounds like a lot but bringing in 4900 a week max loss is covered in about 6 months with 18 months and 30 months still to run.
Super aggressive play is to add another one (2027) when max loss is covered then sell 3 a day against that to cover max loss very quickly. Then add a fourth and fifth if you want. Could possibly have four running by next fall with little risk.
Rough math for just my two positions continuing without adding anything new.
$2450 per week each in premium received.
104 weeks for first position: 254800 total premium.
156 weeks for second position: 382200 total premium.
637000 total minus max loss = 520300 net gain if max loss is hit.
How is this all margined in an IRA?
1. Max width of call spread (50000) per position in these cases.
And
2. Width of daily put sale from long LEAP put. AS THE MARKET RISES THAT REQUIREMENT WILL INCREASE.
What risks do I see?
In a down market the daily put sales will need to be rolled down. That will cause less long term premium to be booked but at least the synthetic short is rocking. I could see that being an issue near expiration if your synthetic short stock is waaay out of the money and your daily put sale is way above that. Might be better to do these at the max expiration (Dec 2029 right now) and close them about a year prior to expiration where in most cases max loss probably hasn’t been hit yet. Could still have two or three running at once all the time.
I’ll continue paper trading these and see how it goes. So far so good!
#SyntheticShortStock – Fidelity tagged me with a day trading penalty from all the roll ups I did one day last week. Really happy with how the SPX experiment has gone so far but if we don’t have a resolution from Fidelity I’m going to have to put the experiment on hold for 90 days.
If I have to close everything right now it’ll be for about a 2 grand loss. Not bad in this crazy up market almost keeping up with the rise with daily put sales. Just don’t crash until I get back in!! LOL Know for sure on Monday.
Expiring : SPX Feb 02 2024 4900.0 Puts @ 13.20 credit
#SyntheticShortStock – Rolling.
Rolled SPX Jan 31 2024 4905.0 Puts to Feb 02 2024 4900.0 Puts @ 3.50 credit (13.15 total now)
#SyntheticShortStock – Carrying synthetic short stock and selling puts against it. If we have a huge implosion and my puts get trapped I might want to take the profits on the synthetic short. To do that I’m adding a couple long puts while they are still cheap. That way I can book the synthetic short stock and leave the short puts and continue rolling them until they recover without them being completely naked.
Bought SPX Dec 19 2025 1000.0 Put @ 4.10
Bought SPX Dec 18 2026 1000.0 Put @ 5.00
#SyntheticShortStock – Another.
Bought to Close SPX Jan 30 2024 4900.0 Puts @ .05 (Sold for 4.45 avg.)
Sold SPX Jan 31 2024 4905.0 Puts @ 9.65
#SyntheticShortStock – No scalping today. Another round of put sales though.
Bought to Close SPX Jan 29 2024 4890.0 Puts @ .10 (sold for 21.05 and 48.90)
Sold SPX Jan 30 2024 4900.0 Puts @ 4.45 avg.
#SyntheticShortStock – A few adjustments.
Bought to Close SPX Jan 26 2024 4855.0/4805.0 Bull Put Spread @ 5.25 (sold for 14.00)
———————————-
Sold SPX Jan 24 2024 4875.0 Put @ 5.00
Rolled SPX Jan 24 2024 4875.0 Put to Jan 24 2024 4890.0 Put @ 6.20 credit (11.20 total now)
———————————-
Rolled SPX Jan 24 2024 4865.0 Put to Jan 24 2024 4890.0 Put @ 8.70 credit (38.90 total now)
#SyntheticShortStock – Added a second one another year out. 4 points per week for breakeven.
SPX Synthetic Short with protective call Dec 18 2026 4900/4900/5400 @ 116.00 debit
Sold SPX Jan 26 2024 4855.0/4805.0 Bull Put Spread @ 14.00 (I’ll be moving this to a regular short put tomorrow)
#SyntheticShortStock #ShortPuts – Trying for a scalp against a 4865 short put against synthetic short stock.
Sold SPX Jan 23 2024 4870/4875 Bear Call Spreads @ 1.00
#SyntheticShortStock #ShortPuts – Adding call spreads and rolling up short put for some protection.
Sold SPX Jan 22 2024 4865/4870 Bear Call Spreads @ 1.20
Rolled SPX Jan 22 2024 4855.0 Put to Jan 22 2024 4865 @ 5.95 credit (18.75 total now)
#SyntheticShortStock #ShortPuts – Small roll up.
Rolled SPX Jan 22 2024 4830.0 Put to Jan 22 2024 4855 @ 3.50 credit (12.80 total now)
#SyntheticShortStock #ShortPuts – Last one today.
Bought to Close SPX Jan 19 2024 4805.0 Put @ .30 (sold for 31.40)
Sold SPX Jan 22 2024 4830.0 Put @ 9.30
#SyntheticShortStock #ShortPuts – Let’s see if the old ATH can hold as support now.
Rolled SPX Jan 19 2024 4805.0 Put to Jan 19 2024 4820.0 Put @ 2.40 credit (31.40 total now)
#SyntheticShortStock #ShortPuts – Adjusting keeping the deltas fairly flat.
Rolled SPX Jan 19 2024 4790.0 Put to Jan 19 2024 4805.0 Put @ 6.10 credit (29.00 total now)
#SyntheticShortStock #ShortPuts – Adjusting keeping the deltas fairly flat.
Rolled SPX Jan 19 2024 4775.0 Put to Jan 19 2024 4790.0 Put @ 5.60 credit (22.90 total now)
#SyntheticShortStock #ShortPuts – Adjusting for tomorrow.
Rolled SPX Jan 19 2024 4760.0 Put to Jan 19 2024 4775.0 Put @ 5.75 credit (17.30 total now)
#SyntheticShortStock – I’ve been paper trading this for the last month and like the possibilities so finally did it for real last Friday. Didn’t post because it could be risky. It’s a long term short, selling daily (or rolling) against it. Planning to make the money on the back end since max risk is pretty easy to recover quickly….unless a massive selloff turns it very profitable I’ll try to hold it. Might eventually add a long term long to it and sell daily against both sides.
SPX Synthetic Short with protective call Dec 19 2025 4800/4800/5300 @ 51.05 debit
Sold SPX Jan 16 2024 4770.0 Put @ 9.00
Then:
Rolled SPX Jan 16 2024 4770.0 Put to Jan 17 2024 4765.0 Put @ 2.55 credit (11.55 total now)
#SyntheticShortStock – Won’t bore you with the details. Not a big fan of the liquidity and the cheap market makers so bailed on the whole thing.
Lost .52 on two spreads.
#SyntheticShortStock – As usual my covered puts got absolutely smoked. Selling against a long term synthetic short out to 2026. Rolling out and down a strike. Week before earnings.
Rolled NOC Dec 15 2023 477.5 Puts @ to Jan 19 2024 475 Puts @ even (7.45 and 4.50 total now)
At some point I may close the synthetic short and trade the puts like regular sales.
I’m sensing a theme here. LOL Decent directional trades but killing myself with the options. I still have nightmares about owning 900 shares of SOXL at 70 and having calls get run over and selling the stock at 90 just before it went to 600. UUgh.
#SyntheticShortStock – Selling against a long term synthetic short out to 2026. Rolling out a week and down a strike.
Rolled NOC Dec 08 2023 480.0 Puts to Dec 15 2023 477.5 Puts @ 2.00 credit (7.45 and 4.50 total now)
#SyntheticShortStock – Long term short out to 2026. Been selling short put a little too aggressivey so bringing it back in and only slightly in the money.
Bought to Close NOC Jan 19 2024 480.0 Put @ 11.40 (sold for 12.95)
Sold NOC Dec 08 2023 480.0 Put @ 5.45
#SyntheticShortStock – Rolling down a little. Sold against a Jan 2026 position.
Rolled NOC NOV 10 2023 487.5 Put to NOV 24 2023 485.0 Put @ even (14.90 total now)
#CoveredCalls #SyntheticCoveredCalls #SyntheticShortStock
NOC: Selling against synthetic short stock.
Rolled NOC OCT 27 2023 490.0 Put to NOV 10 2023 487.5 Put @ .40 credit (14.90 total now)
SPY: Covered.
Bought to Close SPY OCT 27 2023 416.0 Call @ .10 (sold for 8.30)
Sold SPY OCT 30 2023 412.0 Call @ 2.51
TLT: Eeked out a small winner this week. Covered and synthetic covered.
Bought to Close TLT OCT 27 2023 85.5 Calls @ .02 (sold for .11)
Sold TLT NOV 03 2023 87.0 Calls @ .24 and .25
TSLA: Selling against synthetic stock.
Rolled TSLA OCT 27 2023 200.0 Call to NOV 03 2023 202.5 Call @ .75 credit (20.05 total now)
#SyntheticShortStock – Keeping a little upside help on for earnings.
Rolled NOC Oct 20 2023 490.0 Put to Oct 27 2023 490.0 Put @ 7.00 credit (14.50 total now)
Options Bistro 