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Premiumselling

Opening (Margin): /MES February 28th 4080 Short Put... for a 73.75 credit. Comments: Functionally rolling to a 4080 short straddle here to delta balance and bring my delta/theta ratio to back under 1.0. The position remains net delta short, which I'm fine with since we're at 30 day highs here. Will look to take off the whole kit and caboodle in the next several days here, since I've only got 32 DTE to go in this contract, and would like to move on to the March fairly soon.
CME_MINI:MES1!Long
by NaughtyPines
Opening (IRA): SPY February 17th 407 Covered Calls... for a 391.65 debit. Comments: As with my IWM covered calls, re-erecting long delta that I took off yesterday to offset the short delta of my SPY short delta hedges, targeting the short call strike paying around 1% of the strike price in credit. The February 17th 407 is paying 4.21 at the mid at the moment. Similarly, probably not the greatest spot to be doing this, but just trying to keep my port "net delta happy." I'll only be doing this in IWM and SPY, since I still have some covered call on in the Q's, a March 31st 296, and a June 16th 310 and don't need the long delta there at the moment.
AMEX:SPYLong
by NaughtyPines
Opening (Margin): /MES February 28th 4000, 4010, 4040 Short PutsComments: Replacing the short puts I took off in profit to delta balance. Opened the 4000 for a 56.00 credit. Opened the 4010 for a 59.00 credit. Opened the 4040 for a 70.75 credit. Net delta of the position leans net short, but delta < theta, so I'm fine with the position remaining slightly short for now. The basic notion here is to make delta adjustments for realized gains at intervals to keep delta < theta, peeling off oppositional sides in profit where possible or the whole she-bang at once, so long as total realized gains exceed unrealized losses (which is the current case with what I have on now).
CME_MINI:MES1!
by NaughtyPines
Assignment (Margin): NVDA 160 Short PutComments: Total credits collected/realized gain of 11.56 ($1156), with the difference between 160 and current price (125.66) an unrealized loss. Will look to sell call against on Monday with a starting cost basis of 160.00/share, as well as potentially covered strangle (short put + stock + short call). Unlike my QQQ 300 covered call (See Post Below), this one is on margin, where being in stock becomes a buying power hog relative to being in an options contract, so the motivation may look to exit at the earliest possible juncture for a scratch, rather than hang out in it endlessly. That being said, both NVDA and AMD are kind of "premium seller faves," since 30-day IV is decent a lot of the time. I'll start out selling 160 calls against and then proceed to roll those mechanically at monthly opex so long as my cost basis remains above current price.
NASDAQ:NVDALong
by NaughtyPines
Opening (Margin): /MES February 28th 3890, 3925, 3940, 3960... short puts. Comments: Replacing the short puts I stripped off in profit to delta balance what is now the -27, -31, -33, and -36 delta calls. The remaining -42 delta short call at the 4080 is only partially hedged, so position net delta still leans short. Opened the February 28th 3890 for a 41.00 credit. Opened the February 28th 3925 for a 49.25 credit. Opened the February 28th 3940 for a 53.25 credit. Opened the February 28th 3960 for a 59.25 credit.
CME_MINI:MES1!Long
by NaughtyPines
Closed (Margin): /MES February 28th 3620, 3700, 3760, 3770 ... short puts. Comments: Filled the 3620 for a 18.00 credit; closed it here for a 10.25 debit. (18.00 - 10.25)/.2 = $38.75 profit. Filled the 3700 for a 22.00 credit; closed it for a 15.25 debit. (22.00 - 15.25)/.2 = $33.75 profit. Filled the 3760 for a 31.25 credit; closed it for a 20.75 debit. (31.25 - 20.75)/.2 = $52.50 profit. Filled the 3770 for a 28.25 credit; closed it for a 22.00 debit. (28.25 - 22.00)/.2 = $31.25 profit. Will re-erect short puts to delta balance ... .
CME_MINI:MES1!
by NaughtyPines