This has been one of the most profitable expiration cycles in a while as put prices were insane. At the start of this cycle I was able to sell the 5000 April cycle puts for $7!!!!! Even the 5500 puts were traded at $14.50. Anyhow, now are worthless. We'll likely see lots of volatility this week it being an expiration traded week but with odte options now taking more and more control it is getting to see less and less. Not surprising to see the market down again today though as we did have a huge move this past week and no matter the excuse I think we were going to pull back anyhow. Will be key to see how we close today to see where the week goes I think. If we come back a bit off of overnight lows and its just a normal market we'll be able to see that oil from the strait is becoming old news. Saudi opened up its 700,000 barrel a day pipeline to the Red Sea, we'll likely see a deal with Canada etc etc. Oil may not come down back to $60 but we could see it come well back below $100. Anyhow we'll see how it goes. My daily $10 6920 calls I sold on Friday are looking great and earlier this morning when I woke up I sold the daily 6740 puts for $5.10 and we've bounced quite a bit off of lows, going to be another fun day of trading.
Trading
#32
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Posted 13 April 2026 - 08:32 AM
Selling the daily 6860 calls for $6.10 for a trade...
#33
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Posted 13 April 2026 - 08:52 AM
And boom not sure why we popped even more but now averaging $10 on the 6860 calls!!
#34
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Posted 13 April 2026 - 08:54 AM
And out for a $2 profit as now were a little to close
#35
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Posted 13 April 2026 - 09:02 AM
Selling the 6880 daily calls now for $4.10
#36
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Posted 13 April 2026 - 09:16 AM
Taking profits on the 6740 daily puts for $4.10, nicely volatile day and interesting to see the market turn green for a brief time!!
#37
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Posted 13 April 2026 - 11:43 AM
Exciting, averaging $6.10 now on the 6880 calls
#38
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Posted 13 April 2026 - 02:06 PM
Whoops didn't hit post again as I was rushing out the door to play Padel
With the ES going over 6880 I had to follow the rules and get out flat for breakeven but still holding the sold daily 6920 calls to just let expire worthless. Am selling tomorrow's daily 6920's for $8.10 and will just add to them if they rally from here....
#39
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Posted 13 April 2026 - 03:00 PM
Good thing I'm watching. Final minutes with a big push so I took profits on my sold 6820's for an $8.50 profit lol!!
#40
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Posted 13 April 2026 - 03:02 PM
Adding to my sold daily 6920 calls for tomorrow now averaging $14.05. Likely take them off overnight but did also sell tomorrow's daily 6950 calls for $5.20. Big push here surprised were seeing this much of a move!!!
