Opening (IRA): IWM April/May 176/169 Short Put LadderComments:
Starting to deploy at intervals into second quarter expiries, targeting the <16 delta strike paying around 1% of the strike price in credit. I'd prefer weakness and higher IV, naturally, but am not getting it in the short term.
Received a 1.79 credit for the April 21st 176; a 1.75 credit for the May 19th 169.
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Opening (IRA): SPY May/June/July 350/335/325 Short Put LadderComments: Adding rungs here on this weakness, targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
May 19th 350: 3.57 credit
June 16th 335: 3.40 credit
July 21st 325: 3.30 credit
Opening (IRA): SPY June 16th 351 Short Put... for a 3.60 credit.
Comments: Already have April and May rungs on, so adding a rung in June, targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Naturally, if we get weakness, higher IV, I'll add rungs in shorter duration, lower strikes.
Opening (IRA): DIA June 16th 285 Short Put... for a 2.99 credit.
Comments: I don't usually play DIA because its volatility is generally lower than the rest of the majors (which is why I'm having to go out to June to get paid for a <16 delta short put). My IWM, QQQ, and SPY positions are getting somewhat crowded here, so just putting a smidge on. As usual, targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): SPY May 19th 355 Short Put... for a 3.55 credit.
Comments: Starting to build out second quarter ... . Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I would note that this is not an "ideal" entry, which I'd prefer to do on "weakness +" (i.e., weakness plus higher IV), but I'll look to add in shorter duration, better strikes if we get a sell-off and then address any tested short puts as we get to them as I've done previously.
Opening (IRA): SPY June 16th 337 Short Put... for a 3.42 credit.
Comments: Adding just one rung out in June at the <16 delta strike paying around 1% of the strike price in credit. I also looked at adding in April and May, but already have short puts around where I'd want to set up my tent in those expiries, so will look to add later if we get further weakness, higher IV.
Rolling (IRA): SPY April 21st 368 Short Put to May 19th 361... for an .83 credit.
Comments: More mopex housekeeping that I did toward the close. Strikes at <16 delta in April are no longer paying, so rolling this out to April for a realized gain and an .83 credit. Total credits collected of 3.80 (See Post Below) plus the .83 credit here for a total of 4.63.
Opening (IRA): SPY May/June/July 345/324/305 Short Put LadderNow adding into SPY at strikes that are lower than I currently have on, targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
May 19th 351: 3.57 credit
June 16th 324: 3.26 credit
July 21st 305: 3.24 credit
Opening (IRA): QQQ July 21st 225 Short Put... for a 2.26 credit.
Comments: Filled this toward the close ... . Already have stuff on in April, May, and June, so going out a little more long-dated to get more capital deployed. Targeting the <16 delta short put paying around 1% of the strike price in credit to emulate dollar cost averaging into the Q's.
Opening (Margin): /MCL May 17th 56.5/92.25 Short Strangle... for a 1.34/contract credit.
Comments: Going wide, nondirectional here, looking to generate around a 25% ROC as a function of buying power effect, so ended up selling the 10 delta on both sides. 1.34 on buying power effect of 4.50; 29.8% ROC at max as a function of buying power effect; 14.9% at 50% max. Will generally look to leave the setup alone, adjusting only on side test or side approaching worthless.
Opening (Margin): /MES May 19th 3600/4260 Short Strangle... for a 53.75 credit.
Comments: Now that the FOMC rate decision is in the rear view mirror ... . 2.69 ($268.75, to be exact) max on buying power effect of around 9.00. 29.9% ROC at max as a function of buying power effect; 14.9% at 50% max. Will look to adjust on side test or if a side approaches worthless.
Opening (IRA): QQQ April/May/June 257/245/230 Short Put LadderComments: Adding in rungs in second quarter expiries, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market without actually being in stock.
April 21st 257: 2.62 credit.
May 19th 245: 2.70 credit.
June 16th 230: 2.38 credit.
Opening (Margin): /MES April 28th 3670/4090 Short Strangle... for a 93.75 ($468.75) credit.
Comments: Going with something more straightforward here and a little bit less "high maintenance" than my continuous delta hedging setup with short straddles. Selling the 25 delta's on both sides. $468.75 max on buying power effect of $892.00; 52.6% ROC at max as a function of buying power effect; 26.3% at 50% max.
Opening (IRA): IWM March 24th 175/May 19th 202 LPD*... for a 20.52 debit.
Comments: Resetting my short delta hedge against a long delta portfolio ... . You know the drill: buying the -90 put in the back and selling the +30 delta put in the front.
20.52 cost basis with a 181.48 break even on a 27 wide.
* -- Long Put Diagonal.
Rolling (IRA): QQQ April 21st 257 to the 266 Short Put... for a .88 credit.
Comments: Rolling up for a realized gain to the <16 delta strike paying around 1% of the strike price in credit. Total credits collected of 2.62 (See Post Below) plus the .88 here for 3.50 ($350). I usually like to do this at 50% max, so this is more in the nature of housekeeping/taking profit where I can.
Opening (Margin): /MCL April 17th 78.25 Short Straddle... for a 7.66 credit.
Comments: Re-establishing here with 47 days in the April monthly to go ... . As before, will primarily make additive adjustments to get to the size of position I want and then look to just rolling sides in for adjustments without adding units.