The Daily Trade

Good day today as tech and the S&P 500 rallied.

We added the following spreads with expirations for tomorrow:

• SPX Put
• AMZN Put
• FB Call
• SQ Put
• NFLX Put
• Goog Put
• BIDU Call
• TSLA Call
• TDOC Iron Condor
• RIOT Call

Green flag, bullish conditions prevail. 

We had some negative returns today as tech slipped and the S&P 500 declined 0.41%.

We added new trades including a one day SPX credit spread, and bear call spreads in NVDA and BABA.

More trades to come tomorrow as we set up for Friday weekly expirations.

Green flag, bullish conditions prevail. 

Added some some trades for tomorrow and Friday expirations!

Added an SPX vertical credit spread for tomorrow's expiration.

Setting up for Friday Pay Day with spreads in MARA, RIOT, and GME

5 trades for the week so far!

Green flag, bullish conditions prevail. 

Good one day SPX trade to get the week started!

We set up a one day vertical credit spread in SPX, for a quick $350 profit on$5,000 margin, a quick 7%, one day profit.  (Shhhh! Don't tell the trading gods so we don't make them mad!)

"Tomorrow's another day," as Scarlett used to say, and we're psyched about opportunities in GME, CCIV, MARA and GSX! 

Green flag, bullish conditions prevail. 

It's Friday PayDay!

And new records for the Dow and S&P 500

We added six new one day positions for today's expiration:

• 9 APR SPOT 277;5/282.5 CALL
• 9 APR INTU 415/410 PUT
• 9 APR MARA 50/55 CALL
• 9 APR ADBE 505/510 CALL
• 9 APR BIDU 227.5/232.5 CALL
• 9 APR NBDA 580/585 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term which reduces risk and puts Theta (time decay) squarely in our favor.

Green flag, bullish conditions prevail.

Market advance continues:

We added new positions today on the way to tomorrow's expiration:

• 9 APR BABA 235/240 CALL
• 9 APR AMZN 3390/95 CALL
• 9 APR PAYPL 257.5/252.5 PUT
• 9 APR GOOD 2185/2180 PUT
• 9 APR NFLX 542.5/537.5 PUT
• 9 APR TSLA 7175./722.5 CALL

Note that we are diversifying with both calls and puts (bearish and bullish positions) over a short term heading into Friday's expiration.  This provides reduced risk and puts Theta (time decay) squarely in our favor.

We also have one Iron Condor position in AMZN and will look for more opportunities in one day trades tomorrow.

Green flag, bullish conditions prevail.

Quiet day on Wall Street as markets moved fractionally higher.

We conitnued adding new positions as we head towards Friday expiration.

• Our SPX iron condor spread expired with both legs out of the money, allowing us to keep the full premium.
• We added a new 9 APR SPX 4000/3995 Put for Friday expiration.
• We added a 9 APR ETSY 210/15 Call spread for Friday expiration
• New 9 APR OSTK 67/70 Call Soread
• New ABNB 192.5/197.5 Call Spread

  Tomorrow will be a busy trading day as we take two day spreads to line up for Friday expiration.

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

Mixed markets today after recent records.

We added the following positions:

• 7 APR SPX 4130/35 PUT
• 9 APR AMZN 3130/25 PUT

Expecting our usual pattern to continue with a one day SPX trade on Wednesday and building Wednesday with options designed for Friday expiration.

Green flag, bullish conditions prevail.

Friday Pay Day came early this week with the market closed tomorrow for Good Friday.

We opened the followig 1 day vertical credit spreads today:

• 1 APR SPX 3965/3960 PUT
• 1 APR AMZN 3085/3080 PUT
• 1 APR TSLA 660/655 PUT
• 1 APR GOOG 2085/2080 PUT
• 1 APR VIAC 45/50 CALL

The S&P 500 rallied to close above 4,000 for the first time in history, up 1.2% on the day.

The Dow rose 0.5% and the NASDAQ jumped 1.8%.

Markets always like free money and so the Biden Administration's stimulus programs are being well received.

Green flag, bullish conditions prevail.

58 Trades

50 Wins

86.21% Winners

Gross Return: $13,339

Getting busier towards the end of the Holiday shortened week.

We added the following vertical credit spreads for Thursday expiration:

1. SPX Bull Put
2. AMZN Bear Call
3. AMAT Bull Put
4. TSLA Bear Call
5. NFLX Bear Call
6. ADBE Bull Put
7. VIAC Bear Call
8. GOOG Bull Put
9. BLNK Bull Put
10. TSLA Bear Call

AMAT is now an iron condor and we'll look for additional iron condor opportunities to place tomorrw going into Thursday's close.

Tomorrow we'll also place our customary Wednesday 1 day trade on SPX.

We'll talk tomorrow in our next edition of "The Daily Trade!"

Happy Trading,

Trading Gods

Markets started the week flat but remian in a  configuration at overbought levels.

Today, Retirement Day Trader entered a one day SPX 3930/3925 Bullish Put spread which expired worthless, allowing us to keep all of the premium.

Other positions added were a 1 APR AMAT 230/160 Call Spread and a 1 APR FB 280/275 Bullish Put spread.

Weekly options expire on Thursday this week due to the markets being closed for Good Friday.

Markets gained some ground today on better than expected employment and COVID news.

We added the following positions today to set up for "payday Friday:"

1. 26 MAR SPX 3945/55 CALL
2. 26 MAR NFLX 530/40 CALL
3. 26 MAR GOOG 2070/75 CALL
4. 26 MAR AMZN 3150/55 CALL
5. 26 MAR FB 270/65 PUT
6. 26 MAR BABA 220/15 PUT

Tomorrow we'll be looking for some one day "day trades" to close out the week at Friday expiration and "Payday Friday!"

Markets weakened today but remain in bullish configuration.

We added the following positions today:

1. 24 SPXMAR 3955/3960 CALL

26 MAR Positions remain in play for Friday expiration

26 MAR MARA 30/35 Put

26 MAR TSLA 730/35 CALL

24 MAR SPX options expired worthless except for 3890/3880 Put as underlying closed 1 point in the money.

Tomorrow brings us to Thursday and positioning for Friday expirations and so we can expect lots of opportunity and positioning.

Markets weakened today but remain in bullish configuration.

We added the following positions today:

1. 26 MAR MARA 30/35 Put
2. 24 MAR SPX 3880/90 Put
3. 24 MAR SPX 3980/85 CALL
4. 24 MAR SPX 3990/3995 CALL
5. 26 MAR TSLA 730/35 CALL

Note our strategy diversifying over different time periods and calls/puts as markets wind towards expiration tomorrow and Friday.

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

Another bullish day.  Green flag conditions prevail.

We placed a 22 March SPX 3885/3875 put that expired out of the money today, a one day trade, allowing us to keep all of the premium for a 2.5% gain.

We placed a second trade, 24 March SPX 3840/3830 put which has a Wednesday expiration.

Tomorrow, we will look for an iron condor opportunity in SPX for Wednesday expiration.

Had a good day today as several positions expired worthless, allowing us to keep all of the premium.

New trades today were a one day bearish call and a one day TSLA bearish call.

Markets reacted strongly to rising bond yields today, sparking selling in the NASDAQ that dropped the index 3% and the S&P 500 1.5%.

Retirement Day Trader had a good day, gaining on bear call credit spreads in our "Blue Ocean" strategy and also in our testing phase of the "Cat Shot" strategy.

New trades placed today included bear call credit spreads in SPX and AMZN that expire tomorrow and single put options in TDOC, PLTR, GME, CCIV, BYND and SPX as we took advantage of today's declines.

In spite of today's weakness, broader markets remain in "green flag" mode and bullish configuration.  Tomorrow is weekly options "payday" and we anticpate placing additional one day trades tomorrow morning.

Join our Saturday Selling Options Mini-Course!

Markets continued their climb today as they liked what Jerome Powell had to say.  Green flag conditions continue

The DOW closed above 33,000 for the first time as Mr. Powell said no rate hikes for as far as the eye can see.

We placed new option spread trades today:

1. 1 day SPX 3900/4100 call, adding to our trade from yesterday, the 3900/3890 put for an iron condor.  Both trades expired out of the money so we kept the entire premium on both wings for a realized gain of $3050.
2.  March 19 ABBV 107/112 Call spread which is due to expire on Friday
3. March 19 DG 200/210 Call, also expiring on Friday.

We're getting into the busy part of the week heading for "Friday payday," and anticipate additional trades tomorrow and Friday with 2 and 1 day expirations.

Mixed markets today as the Fed met and investors await tomorrow's news on interest rates.  Green flag, bullish conditions, prevail.

We added an SPX Bullish Put option position, the March 17 SPX 3900/3890 which did well as the SPX slipped 0.16%.