Opening (Margin): /ES January 20th 1700 Short Put... for a 3.00 credit.
Comments: Another rung at a better strike I currently have on, targeting the <75% of current price strike paying around 3.00 in credit.
Premiumselling
Opening (Margin): /ES December 16th 2000 Short Put ... for a 2.95 credit.
Comments: Adding a couple rungs here on weakness at lower strikes than I currently have on. Targeting the <75% of current price strike paying around 3.00 in credit.
NAS Intraday/Scalp ShortNasdaq, potential setup to go short, targeting the zones below where price could reverse and go long
Rolled (IRA): QQQ September 30th 289 to November 18th 278... for a 2.75 credit.
Comments: (Late Post). Rolled this out on Friday to be out of September contracts and to reduce risk, cost basis, and buying power effect. Opened this for a 2.95 credit. Credits collect of 2.95 (See Post Below) plus the 2.75 here for a total of 5.70.
Rolled (IRA): IWM September 30th 178 to November 18th 173... for a 2.02 credit.
Comments: (Late Post). Rolled this out late on Friday so that I can be out of September contracts, as well as reduce buying power effect and cost basis.
Credits collected of 1.80 (See Post Below) plus 2.02 for a total of 3.82.
Opening (IRA): SPY March 17th 260 Short Put... for a 2.73 credit.
Comments: Adding rungs on weakness/higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): SPY January 20th 295 Short Put... for a 3.07 credit.
Comments: Adding rungs on weakness/higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): SPY December 16th 315 Short Put... for a 3.16 credit.
Comments: Adding rungs on weakness, higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Rolling (Margin): XOP October 21st 165 Short Call to 160... for a .51 credit.
Comments: Smidge of delta adjustment here. Total credits collected of 6.68. Resulting delta/theta of 13.99/17.18 with the setup marking at around 6.22. I rolled this once for duration already, so probably should just take profit here and move on, but wanted more than .46 ($46) out of it. We'll see if that bites me in the hinder or not ... .
Opening (IRA): QQQ October 28th 250 Short Put... for a 2.75 credit.
Comments: Targeting the <16 strike in the shortest duration expiry that is paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Rolled (Margin): SMH October 21st 225 Short Call to 210... for a 3.92 credit.
Comments: Delta balancing back to delta/theta ratio of <1/1. Total credits collected of 15.79. Current delta/theta: 17.48/25.39 and marking at 17.90 or so, so I'm underwater on the position by 2.11 ($211) or so.
Opening (Margin): /ES October 31st 2700 Short Put... for a 3.10 credit.
Comments: Adding a smidge more to my ladder on weakness. Targeting the <75% of current price strike nearest 45 days until expiry paying around 3.00 in credit. 1.55 max on buying power effect of 14.49; 10.7% ROC at max; 5.3% at 50% max as a function of buying power effect. As before, I'll look to take off the most at-risk strikes first at the earliest possible juncture and allow the remainder to ride.
Opening (Margin): /ES January 20th 1800 Short Put... for a 3.05 credit.
Comments: A little bit long-dated for some, but putting this on while I'm waiting on other stuff to "ripen." Targeting the <75% of current price strike paying around 3.00 in credit. A basic bet that we don't see 1800 by January or that the option reaches 50% max before then.
Opening (Margin): /ES December 16th 2100 Short Put... for a 3.40 credit.
Comments: Targeting the <75% of current price strike paying around 3.00 in credit. 3.40 on buying power effect of 13.19; 25.8% ROC as a function of buying power effect at max; 12.9% at 50% max. I would have used November, but have short puts at the 2300 and 2400 strikes already (which is where I would've wanted to camp out).
A basic bet that we don't see anywhere near 2100 by December mopex and/or that the option reaches 50% max way before then.
Opening (IRA): QQQ November 18th 230 Short Put... for a 2.47 credit.
Comments: Targeting the <16 delta strike in the November monthly paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opened (IRA): IWM November 18th 152 Short Put... for a 1.53 credit.
Comments: Targeting the <16 strike in the November monthly paying around 1% of the strike price in credit on weakness/higher IV.
Closed (IRA): SPY November 18th 335 Short Put... for a 1.52 debit.
Comments: Opened this as part of a four leg ladder in October, November, December, and January. Received a 3.24 credit for this "rung." (See Post Below). Closed out the November rung today at >50% max; 1.72 ($172) profit.
Closed (IRA): SPY October 21st 360 Short Put... for a 1.40 debit.
Comments: Opened this for 3.60 on the nose. (See Post Below). Closed out today at >50% max; 2.20/$220 profit. Will re-up on weakness, higher implied volatility.
Closed (IRA): QQQ October 14th 270 Short Put... for a 1.33 debit.
Comments (Late Post): Opened this for a 2.89 credit. (See Post Below). Closed today for a 1.33 debit at >50% max. 1.56/$156 profit.
Rolled (IRA): IWM October 1st 161 to the November 18th 163... short put for a 1.10 credit.
Comments (Late Post): Rolled this out at >50% max to the strike in November paying around 1% of the strike price in credit. I might usually just take profit and close this out, but still need small cap long delta for a bit here while I manage my IWM short delta hedge. Total credits collected of 1.62 (See Post Below) plus the 1.10 here for a total of 2.72 relative to a price for the November 18th 163 of 1.71, so I've realized gains of 1.01 ($101) to date.
Opening (Margin): EWZ October 21st 28/35 Short Strangle... for a 1.18 credit.
Comments: High IVR/IV at 62/47. Selling the ~20 delta strikes or so both sides. 1.18 credit on buying power effect of 3.18. 37.1% ROC at max; 18.6% at 50% max. Delta/theta -5.06/3.13.
Closed (IRA): QQQ October 21st 260 Short Put... for a 1.59 debit.
Comments: This isn't quite at 50% max, but trimming long delta where I can profitably running into mopex/FOMC. Filled for a 2.69 credit (See Post Below); out here for 1.59. 1.10/$110 profit.
Closed (IRA): SPY October 21st 356 Short Put... for a 1.66 debit.
Comments: Opened this for 3.65 as part of a four-leg ladder. (See Post Below). Closing just the October rung of that here at >50% max. 1.99/$199 profit.
This also has the added effect of reducing my long delta a bit, so in that sense it's a subtractive delta adjustment trade at the same time. If you're big on keeping your portfolio net delta "happy," you want to first look at doing adjustments subtractively (i.e., taking off offending delta), only doing additive adjustments (i.e., putting on a new setup to delta balance) if subtractive adjustments haven't quite done the trick.
