Our petty Trump didn’t get a Nobel prize so he will attack Greenland. And for all those who do not give it to him, he will impose 10% tariff. What a loser! And markets sold off because of this idiot! Nevertheless, I am opening a new put spread, $15 wide spread and as far away as possible:
Order Summary
Sell to Open 1 SPX 01/23/2026 Put 6570
Buy to Open 1 SPX 01/23/2026 Put 6555
Limit GTC @ 0.30 Credit (CLOSED)
We will let the trade either expire or close early should the market react violently again.
I adjusted this trade today. I closed the trade above for 0.05 debit and opened a new credit call spread:
Trade Adjustment
Sell to Close 1 SPX 01/23/2026 Put 6555
Buy to Close 1 SPX 01/23/2026 Put 6570
Limit GTC @ 0.05 debit
Sell to Open 1 SPX 01/23/2026 Call 6945
Buy to Open 1 SPX 01/23/2026 Call 6955
Limit GTC @ 0.40 Credit (EXPIRED)
For tomorrow morning I am opening a new put spread. I hope the market stays range bound with a slight upside bias after Trump’s Greenland extempore.
Order Summary
Sell to Open 1 SPX 01/23/2026 Put 6790
Buy to Open 1 SPX 01/23/2026 Put 6775
Limit GTC @ 0.90 Credit (Cancelled)
This is a very aggressive trade and if the markets move violently in the next two days, the trades (the call spread above and this put spread) can get in hot water. If that happens, well, we will have to roll to trades or attempt to otherwise adjust them.
I had to adjust the trade in order for it to open:
Order Summary
Sell to Open 1 SPX 01/23/2026 Put 6805
Buy to Open 1 SPX 01/23/2026 Put 6790
Limit GTC @ 0.85 Credit (EXPIRED)
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