BTC jump to 18 or 20 K then down to the hell ;-)The 18K and 20K are the areas which are the premium price. lets short sell from there ;-)
Premiumselling
Opening (Margin): /MCL March 16th 55 Short Put... for a .50 credit.
Comments: My position has skewed out to delta/theta >1.0, so I looked at doing a small adjustment here.
My options were: (a) take off profitable short delta (there isn't any at the moment); (b) add a skewed strangle as I did before; (c) roll up a profitable short put; or (d) sell a brand new put. I was looking to pick up around +6 delta or so, so opted for (c), but had to go out to March to get paid something decent for a 6 delta strike (although .50 isn't "fabulous"). This also happened to be buying power free and actually freed up a smidge (we're talking like $15, so nothing to really "whoo-hoo" about).
I've collected a total of 4.11 in credits and will look to unwind the whole shebang in profit (preferably, at 50% max).
Opening (IRA): SPY February 3rd 398 Covered Calls... for a 376.09 debit/contract.
Comments: Mixing things up a little bit here and/or attempting to simplify my investment life going forward. Here, I'm targeting the 45 DTE short call strike paying around 1% of the strike price in credit; the Feb 3rd 398 short call is paying a little more than that -- 4.25 ($425).
The focus here will not so much be on my "principal" (i.e., the value of my stock position), but how much premium I can bring into my account over time on the short call side of things. Naturally, I will still keep track of my cost basis (376.09/share on fill), since you generally do not want to roll the short call to a strike that is less than your cost basis unless you absolutely have to.
I'll generally look to roll out the short call at 50% max to a similarly situated strike (i.e., 45 DTE paying 1% of the strike price in credit) or take profit on the whole setup if it converges on max (which would be 398.00).
Opening (Margin): /MCL February 15th 63/91 Short Strangle... for a 1.75 credit.
Comments: A slightly short delta additive adjustment trade to bring the position back to net delta neutral. Total credits received: 3.61.
Opening (Margin): /MCL February 15th 64/94 Short Strangle... for a 1.61 credit.
Comments: Doing a slightly short delta-skewed additive adjustment here in my mini-slippery stuff position, with the short call at the -13 delta strike and the short put at the 11 delta strike, for a net of -2 delta. This gives me a smidge of short delta to bring back the net delta of the entire position more to neutral. The other option was to have just rolled down the call side a smidge to delta balance if I wasn't comfortable with adding units here.
I can now do one of two things: (a) take the entire four-leg position off in profit; or (b) mix and match in-profit call with in-profit put to peel off units.
Total credits collected of 1.90 (See Post Below) plus the 1.61 here: 3.51 total.
Opening (Margin): /MCL February 15th 66/97 Short Strangle... for a 1.90 credit.
Comments: Doing a little premium-selling in mini oil, selling the 13 deltas on both sides. 1.90 credit on buying power effect of 5.90; 32.2% ROC at max; 16.1% at 50% max.
Opening (Margin): /ES April 21st 4800 Short Call... for a 3.35 credit.
Comments: On second thought ... . Re-erecting a short call here after taking off a shorter duration one at 50% max. This would be better done on strength, but I have some "unit imbalance" here on the put side (i.e., a greater number of put side units than call ones) and would rather keep the short call in place until I'm able to pull one or more of those units off, particularly since I get it buying power free here.
Opening (Margin): /ES May 19th 1700 Short Put... for a 3.20 credit.
Comments: Adding back in a rung nearly buying power free. Will look to add in shorter-dated rungs, assuming I can do them at strikes lower than what I've currently got on for the around 3.00 in credit I've been looking to get out of these.
Opening (Margin): /CL March 16th 37 Short Put... for a 1.60 credit.
Comments: Selling /CL premium on weakness, but giving myself plenty of room to be wrong, targeting the strike that is 50% of current price that has an ROC metric of >10%. 1.60 credit on buying power effect of 9.71. 16.5% ROC as a function of buying power effect; 8.2% at 50% max.
Opening (Margin): /ES April 28th 1800 Short Put... for a 3.00 credit.
Comments: After having taken off my most-at risk strike in the February 28th expiry at the 2200 strike, adding back in a rung in longer duration, but lower down the ladder ... and virtually buying power free due to the size of the short delta in my one short call relative to the long delta in my short puts.
Opening (Margin): /NG January 26th 12.5/13.5 Short Call Vertical... for a 1.80 credit.
Comments: Short call vertical hedge against my short put verticals. Will look to take off the 1.8/2.8/12.5/13.5 iron condor on which I've collected a total of 3.60 ($360) as a unit at 50% max and scratch out the more at-risk 1.9/2.9 short put vertical if I get the opportunity.
Opening (Margin): /NG January 26th 1.90/2.90 Short Put Vertical... for a 1.70 credit.
Comments: Neutral to bullish assumption trade on weakness. 1.70 credit on buying power effect of 16.41; 10.4% ROC at max as a function of buying power effect; 5.2% at 50% max.
Opening (Margin): /ES March 31st 4900 Short Call... for a 2.95 credit.
Comments: Re-erecting my short delta hedge in /ES, which I get buying power free.
Opening (Margin): /ES April 21st 1900 Short Put... for a 3.45 credit.
Comments: An additive long delta trade that I get nearly buying power free due to /ES position net delta, now targeting the 50% of current price strike for around 3.00 in credit. As usual, will generally look to take profit at 50% max, but won't hesitate to take more at-risk strikes off for less with the current most at-risk strike being the February 28th 2200.
Opening (Margin): /ES March 31st 2000 Short Put... for a 3.00 credit.
Comments: After adjustment of the short delta aspect of this setup, getting this long delta additive trade nearly buying power free ... . As before, targeting the <75% of current price strike paying around 3.00 in credit.
Trade Plan 12/14/2022
TP1>
if we manage to Trade/Bid above MAIN POC 4054, we can test > 4081 > 4141 > 4186 > 4207 > 4221
TP2>
if we Open/Trade below MAIN POC 4054 > we can test > 4035 > 3995 > 3980 > 3960 > 3934 > 3914 (LIS - Bulls Trapped)
*All those levels will be INVALID as tomorrow 2:00 PM we will have FOMC Interest Rates REPORT ! GET READY for LOTTO TRADES. $ES can move again +100/150 handles.... Yep, believe me or not we are going to survive tomorrow also !!
Daily PIN BAR candle
fading all the CPI pre-mkt move.
STRONG HIGH = SUPER BEARISH / REVERSAL
Reason I'm Flat and waiting to short, we have FOMC Tomorrow 12/14/2022 by 2:00pm.
Opening (Margin): /NG January 26th 1.80/2.80 Short Put Vertical... for a 1.90 credit.
Comments: Adding to my neutral to bullish assumption natural gas trade at slightly lower strikes. 1.90 credit on 16.87 of buying power; 11.3% ROC at max as a function of buying power effect; 5.6% at 50% max.
Opening (IRA): IWM February 17th 155 Short Put... for a 1.62 credit.
Comments: Squeezing in some rungs where I can, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit.
TLT New trade > Naked Put
New Trade $TSLA
Naked Put
Strike $99
Premium $0.41 x 3 contract = $123.00
Adding to the previous contracts Strikes 96 and 98 for a total credit of $563.00
COST New Trade > Naked Put
New Trade $COST
Naked Put
Strike $370
Premium $1.16 x 2 contract = $232.00
TSLA New trade > Naked Put
New Trade $TSLA
Naked Put
Strike $110
Premium $1.05 x 1 contract = $105.00
Adding to the previous contracts Strikes 120 and 113.33 for a total credit of $548.00
GOOGLE New Trade > Naked Put New Trade $GOOGL
Naked Put
Strike $79
Premium $0.66 x 4 contracts = $264.00
