$XSP $110 in 2 days, from one of my favorite vol commentators:
teapawt.net/Alpha_Ex_LLC/status/21…
will the catalysts catalyze?
If you buy a one week straddle on the SPX this morning, you pay 1.6%, 14.1 vol. You get a truckload of earnings (27% of the market cap reports today and tmrw alone), an FOMC meeting, the midterms. Throw in core PCE, GDP, ISM and the Employment Cost Index for good measure. Who said we had an affordability crisis?
Since 2024, the probability of the SPX moving more than 1.6% over a one week period is 35%... basically the same for starting in 2023 and 2025...go back to 2022 and (unsurprisingly) it's 42%.
Sunday night #EquilibriumTrade... TV and trading profits! /MNQ $77 net after 30900 short put (completely unnecessary in hindsight!). thanks @optionsuncapped !
IIRC $MSTR sold a bunch of Bitcoin not so long ago when the price was down 50000ish. 🤔
$MSTR - STRATEGY BUYS MORE BITCOIN AND REPURCHASES $192 MILLION IN PREFERRED STOCK
Strategy acquired 250 BTC for $21.5 million at an average price of $86,194 per Bitcoin.
The company now holds 848,250 BTC, purchased for approximately $64 billion at an average cost of $75,444 per coin.
Meanwhile, Strategy repurchased $192.4 million of STRC preferred shares and reported $4.88 billion in USD reserves, alongside $640.5 million in additional cash.
$GOOGL, 30DTE put spread 10 days $105 (while I was in OR prep), and covering call 3 weeks 1 roll $316 (while I was in recovery!).
$CRWV "wheel" (ie ATM but with a nickel wing, no actual intention of owning), 2 rolls, 2 weeks, $207.
I exited most of my uncovered options, notably /MES and /MNQ strangles, a week ago, in preparation for travel (some out of country) starting next week.
Missing out on profits is a bad feeling, but being unable to manage naked shorts is sleep depriving.
Note to self: slow down, stop making mistakes.
At least this one was profitable. $CRWV 30 day put spread.
