Closed (IRA): QQQ July 15th 275 Short Put... for a .35 debit.
Comments: (Late Post). Opened for a 2.81 credit. (See Post Below). Closed out on Friday with 7 days to go for .35; 2.46 ($246) profit.
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Rolled (IRA): IWM July 22nd 169 Short Put to August 26th 155... for a .25 credit.
Comments: (Late Post). Didn't collect much credit here, but this is the highest strike rung of my short put ladder and would prefer rolling it out of harm's way/to a lower cost basis strike since the market's given me the opportunity here. Total credits collected of 4.79 (See Post Below) plus the .25 here for a total of 5.04.
Rolled: XBI August 19th 70 Short Put to 78... for a 1.64 credit.
Comments: (Late Post). Delta balancing. Total credits collected of 3.41.
Rolled: IWM August 19th 158 Short Put to 162... for a .65 credit.
Comments: (Late Post). Rolled up the short put side of my short strangle to delta balance. Total credits collected of 4.73.
Opened (IRA): QQQ August 26th 255 Short Put... for a 3.06 credit.
Comments: Adding some long delta back in after taking profit on shorter duration rungs. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): IWM August 19th 156 Short Put... for a 1.64 credit.
Comments: Adding some long delta back in here after taking profit on some rungs earlier. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Closing (IRA): SMH August 19th 150 Short Put... for a .62 debit.
Comments: Taking profit at >50% max. Opened for a 1.54 credit (See Post Below). Closing here for a .62 debit; .92 ($92) profit. Still have the August 19th 175's on.
Closing (IRA): QQQ July 15th 266 Short Put... for a .30 debit.
Comments: Filled for a 2.72 credit (See Post Below). Out here for .30; 2.42 ($242) profit.
Closed (IRA): IWM July 22nd 162 Short Put... for a .67 debit.
Comments: Opened for 1.65 (See Post Below); closing out here at >50% max for a .98 ($98) profit.
Opened (IRA): QQQ August 19th 258 Short Put... for a 2.75 credit.
Comments: (Late Post). Targeting the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days and in the exchange-traded fund having the highest 30-day IV.
Opened: NVDA August 19th 150 Short Put... for a 7.85 credit.
Comments: Delta balancing back to neutral. Total credits collected of 31.46.
Closed: EWZ August 19th 23 Short Puts... for a .23/contract debit.
Comments: Filled for .47/contract (See Post Below), hit 50% max today. .24 ($24) profit/contract.
Closed: /ES July 29th 2500 Short Put... for a .30 debit.
Comments: Filled for a 3.05 credit (See Post Below); out here for .30. (3.05 - .30)/2 = 1.375 ($137.50) profit.
Opened: NVDA August 19th 125 Short Put... for a 3.37 credit.
Comments: Adding long delta here to bring the setup back to delta neutral. Total credits collected of 23.61; delta/theta -2.82/50.35.
Opened (IRA): QQQ August 19th 250 Short Put... for a 2.56 credit.
Comments: Back in the saddle again after the long weekend ... . Targeting the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days in the broad market exchange-traded fund with the highest 30-day to emulate dollar cost averaging into the broad market.
Closed: /ES July 29th 2850 Short Put... for a 1.45 debit.
Comments: In for a 3.20 credit (See Post Below). Out for a 1.45 debit. (3.20 - 1.45)/2 = .875 ($87.50) profit. Still have July 29th 2700's, July 29th 2500's, August 5th 2700's, and August 19th 2100's on, so just taking off a smidge of risk here and/or freeing up buying power.
Opened: NVDA August 19th 175 Short Call.. for a 2.76 credit.
Comments: (Late Post). Wasn't fully satisfied with the delta/theta metrics of this position on Friday, so added another short call in the August monthly, bringing total credits collected to 20.26. The resulting setup's delta/theta is now 4.40/34.15 with 15.13 of extrinsic (as of Friday close).
With earnings in 45 days, I'm basically going to attempt to reverse gamma scalp my way out of the position by using options to delta balance while the extrinsic bleeds out of the position. The basic goal here (as it is with gamma scalping) is to do adjustment trades at delta intervals to keep the setup fairly delta neutral to allow theta to do its "magic."
As a general matter, I don't like doing this type of thing a ton, since it can be buying power heavy, but don't have a ton going on in the margin at the moment, so am looking at it as a little engagement trade. (I also would like to just exit the position, since I've been thrashing around on it for several cycles already).
Opening (IRA): SMH August 19th 150 Short Put... for a 1.54 credit.
Comments: Adding another unit of semiconductors here (IVR/IV 72/47) in weakness/higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit in the August monthly (the weeklies aren't all that liquid). Still have the August 19th 175's on.
Opening: XLE August 19th 60/83 Short Strangle... for a 2.06 credit.
Comments: High IVR/IV at 76/49. Selling around the 16 delta on both sides. Delta/theta .4/5.73.
Closing (IRA): QQQ July 29th 250 Short Put... for a 1.39 debit.
Comments: Opened for a 3.00 credit (See Post Below). Closing out here at >50% max, 1.61 ($161) profit.
Opening (IRA): SPY August 19th 338 Short Put... for a 3.45 credit.
Comments: Targeting the <16 delta strike in the shortest duration expiry paying 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): QQQ August 12th 240 Short Put... for a 2.40 credit.
Comments: Targeting the <16 delta strike in the expiry nearest 45 days paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): IWM August 19th 150 Short Put... for a 1.57 credit.
Comments: Targeting the <16 delta short put paying around 1% in credit in the expiry nearest 45 days to emulate dollar cost averaging into the broad market.
