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Rolled (IRA): SPY June 17th 393 Short Put to August 360... for a 2.40 credit. Comments: Been rolling this for quite a while now ... . Mechanically rolling out for duration at 50% max to the <16 delta strike paying 1% of the strike price in credit in the shortest duration expiry, which is currently August (neither July 15th nor July 22nd <16 delta are paying 1%). I'm doing this in lieu of adding units in SPY at the moment, because it doesn't appear it's paying in shorter duration. As usual, I'll look at selling shorter duration if it starts paying again. Total credits collected of 26.99 (See Post Below) plus the 2.40 here, for a total of 29.39 relative to a price for the August 360 (73 DTE) of around 3.70, so I've realized gains of 25.69 ($2569) so far.
AMEX:SPYLong
by NaughtyPines
Rolled (IRA): IWM June 17th 179 Short Put to July 22nd 169... for a 1.03 credit. Comments: Mechanically rolling out at 50% max to the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days. Total credits collected of 3.76 (See Post Below) plus the 1.03 here for a total of 4.79 relative to the July 22nd 169 short put value of around 1.80, so I've realized gains of 2.99 ($299) so far. Doing this reduces risk not only because the strike is lower, but also because I collected a credit to do it, reducing my cost basis even further.
AMEX:IWMLong
by NaughtyPines
Opened (IRA): QQQ July 22nd 265 Short Put... for a 2.69 credit. Comments: Continuing to target the <16 delta strike (the 265's at the 13 delta or so) paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day, which remains QQQ. Strikes sub-275 in the July 22nd expiry are 5-wide, so I may pause here a bit if 1-wides don't fill in so that I can avoid stepping on rungs. It's purely a practical thing; I like to keep track of the cost basis of each rung and when you go multiples at a single strike that were put on at different times for different credits, it complicates things (although the math, in fact, isn't that complicated).
NASDAQ:QQQLong
by NaughtyPines
3
Closed: QQQ June 17th 294/300 Short Strangle... for a 14.77 debit. Comments: (Late Post from Friday). Collected a total of 15.53. (See Post Below). Rolled out or sides in a few times and figured I'd get out while the getting was good. .76/$76 profit. Here's the full series of rolls/adjustments: Opened: QQQ 27th May 315/380 for a 6.20 credit. (Delta neutral). Rolled: QQQ May 27th 315/380 to June 17th 294/350 for a 1.33 credit. (Realized gain roll; recentering) Rolled: QQQ June 17th 380 to June 17th 310 for a 4.80 credit. (Rolling untested side in). Rolled: QQQ June 17th 310 to June 17th 300 for a 3.20 credit. (Rolling untested side in).
NASDAQ:QQQ
by NaughtyPines
3
Rolling (IRA): SPY June 17th 370 Short Put to August 19th 340... for a 2.31 credit. Comments: Part of a longer-dated strategy to emulate dollar cost averaging into the broad market. With the June 17th 370 at greater than 50% max, rolling it out to the <16 delta strike in shortest duration monthly paying at least 1% of the strike price in credit. Credits collected of 3.65 (See Post Below), plus the 2.31 here equals 5.96 relative to a short put value for the August 340 of 3.48, so I've realized gains of around 2.48 ($248) so far. I considered rolling out to July, but still have rungs on in that expiry that I don't want to step on, so rolling out for longer duration here is more of a practical thing than a mechanical thing.
AMEX:SPY
by NaughtyPines