10/2/25 Recap

The SPY isn’t doing much of anything today, we’re red, but still over the 8 ema. Until we lose this moving average below there isn’t much to say other than things are fine, earnings season kicks off 2 weeks from tomorrow and I’m sure sometime before then we get a deal on the reopening of government and the market likes it. The one small concern today is VIX futures are red with the Nasdaq green so keep an eye on that.

My Open Book

Trades I Made Today

1. INTC - I sold 1500 of the 32.5 puts for next week for .25. This is easily the strongest name in our market now in terms of large caps, I’m just playing it a little lower. I have the cash should it come down there but it is unlikely and I’ll walk away with $40k or a name at a price I want. Also yesterday afternoon after the nice move up on the news of the AMD potential partnership I closed my weekly 36 short calls and rolled them to 45 to capture more of a move because it seems like INTC has a daily pump now since the government stake. It was the right call as INTC is 36.50 right now and gives me 2 months to hopefully catch more of a move up.