Shared by
jfabiano
S&P add day and sure enough was some crazy price action especially in the last hour of trading. Went from $670 area to $630 area then huge bounce into the close.
Shorted the 10-15 delta calls and was looking great until the massive reclaim last 10 mins of the day. $635 to $680 area and pushing higher A/H. Just looking for the luster to come off and the retail get craped on. Margin Amount= $35K with net credit $1.82/contract or $1,267 as max profit in 7 days. 188% annualized return if held and expire worthless.
199.17+169.17+165.17+159.17+190.17+194.17+190.17
12/21 2:50pm Planning on holding until OpEx but no premium left so took it off for a net debit of $.07/ spread. Nice 315% annualized on the total of 4 days held (1,215/35000)*91 (365/4).
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-18 13:51:00 | DEC24 20 850 CALL | sell | $5.050 | short |
| 2020-12-18 13:51:00 | DEC24 20 900 CALL | buy | $3.140 | long |
| 2020-12-18 14:00:00 | DEC24 20 850 CALL | sell | $5.080 | short |
| 2020-12-18 14:00:00 | DEC24 20 900 CALL | buy | $3.130 | long |
| 2020-12-18 14:05:00 | DEC24 20 850 CALL | sell | $4.960 | short |
| 2020-12-18 14:05:00 | DEC24 20 900 CALL | buy | $3.050 | long |
| 2020-12-18 14:34:00 | DEC24 20 850 CALL | sell | $5.180 | short |
| 2020-12-18 14:34:00 | DEC24 20 900 CALL | buy | $3.180 | long |
| 2020-12-18 15:06:00 | DEC24 20 850 CALL | sell | $4.290 | short |
| 2020-12-18 15:06:00 | DEC24 20 900 CALL | buy | $2.590 | long |
| 2020-12-18 15:29:00 | DEC24 20 850 CALL | sell | $4.390 | short |
| 2020-12-18 15:29:00 | DEC24 20 900 CALL | buy | $2.790 | long |
| 2020-12-18 15:31:00 | DEC24 20 850 CALL | sell | $4.450 | short |
| 2020-12-18 15:31:00 | DEC24 20 900 CALL | buy | $2.790 | long |
| 2020-12-21 14:11:00 | DEC24 20 900 CALL | sell | $0.1400 | long |
| 2020-12-21 14:11:00 | DEC24 20 850 CALL | buy | $0.2100 | short |
| 2020-12-21 14:21:00 | DEC24 20 850 CALL | buy | $0.2000 | short |
| 2020-12-21 14:22:00 | DEC24 20 850 CALL | buy | $0.2000 | short |
| 2020-12-21 14:22:00 | DEC24 20 850 CALL | buy | $0.2000 | short |
| 2020-12-21 14:24:00 | DEC24 20 900 CALL | sell | $0.1300 | long |
| 2020-12-21 14:24:00 | DEC24 20 900 CALL | sell | $0.1300 | long |
| 2020-12-21 14:30:00 | DEC24 20 850 CALL | buy | $0.2000 | 0 |
| 2020-12-21 14:38:00 | DEC24 20 900 CALL | sell | $0.1400 | long |
| 2020-12-21 14:38:00 | DEC24 20 900 CALL | sell | $0.1400 | 0 |
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