As I mentioned previously, I didn’t want to do a whole lot in the GTC Sample Portfolio as we end out 2023, because … well … we’re ending out 2023. I have booked profits, and longs are flying high, so I didn’t want to do anything unless it was a higher probability bet.
Which, I am adding on a couple such trades now.
First? I sold SPY Calls. For the GTC Sample Portfolio, this would translate to selling 1 SPY 485 Call for 0.32, although the IVR was only 1.8 at the time. VIX was around 12.13 with a 17% PoT, and the Deltas around 0.08 and an expected range of $479.00 and 15 DTE.
I also sold a cash covered puts. Industry is going to celebrate for a while now, with yesterday’s FOMC? So I sold some puts in AA. I actually had a slip of the execution finger, and accidentally sold them cheaper, and more distant, than what I wanted to. I’d normally not accept so little for options. I wanted to sell around the 16 Deltas, and through some sort of fubar, I actually sold them farther away. Oh well, it’s money. For the GTC Sample Portfol8io, this would translate to selling 1 AA 24 Call for 0.09. IVR was 56.7 at the time. VIX was around 12.00 with a 16% PoT, and the Deltas around 0.07 and an expected range of $26.50 and 15 DTE. That one basically sold, by the time I realized what I did; and to be blunt? I don’t want to cover the cost to close it out, and sell up higher on the chain, so I’m just going to keep it. It’s a 0.07 Delta for crying out loud
That’s it for now
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