Closing: /ES June 3rd 2650 Short Put... for a .90 debit.
Comments: In for a 3.10 credit, (See Post Below); out for a .90 debit. Realized profit of one-half the difference (i.e., 2.20 divided by 2 or 1.10/$110).
Premiumselling
Closing: /ES June 17th 2300 Short Put... for a 1.20 debit.
Comments: In for 3.00 (See Post Below), out for 1.20 here; one-half of the difference of 1.80 in profit (i.e., $90 profit).
Opening: /ES June 17th 2300 Short Put... for a 3.00 credit.
Comments: Running another rung as a small, dorky engagement trade while I wait on other stuff. Max profit of 1.50/$150 (half the credit it's routed for) on BPE of 20.62; 7.3% ROC at max; 3.6% ROC at 50% max.
Opening: /ES June 3rd 2650 Short Put... for a 3.10 credit.
Comments: Running another of these. As pointed out previously, the options table shows this as worth 3.10, but your max is only half that or 1.55 ($155) on BPE of 19.88. 7.8% ROC at max; 3.9% at 50% max. A basic bet that we don't see 2650 in 35 days.
Opened (IRA): SPY July 17th 345 Short Put... for a 3.55 credit.
Comments: Adding some rungs in high IVR/IV, targeting the <16 delta strike paying at least 1% of the strike price in credit.
Opened (IRA): SPY June 17th 370 Short Put... for a 3.65 credit.
Comments: Layering some additional rungs on in this high IVR/high IV market. Selling the <16 short put paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Closed: SMH May 20th 215/280 Short Strangle... for a 3.44 debit.
Comments: Filled for a 5.20 credit (See Post Below). Out here for 3.44; 1.76 ($176) profit.
Rolling: QQQ May 27th 315/380 to June 17th 294/350... for a 1.33 credit.
Comments: Rolling out and recentering risk. Total credits collected of 7.53.
Rolling: NVDA May 20th 205C/280P to June 17th 200C/275P... for a 4.48 credit.
Comments: Ugh. Just ugh. Total credits collected of 82.11 on a 75-wide inverted. Break evens at 192.89/282.11.
Rolling: IWM May 20th 176/217 to June 17th 165/210... for a 1.26 credit.
Comments: Kind of neglected this position a bit, so rolling out, recentering risk instead of rolling down the call side to flatten net delta with 21 days to go. Total credits collected of 3.23.
EURUSD Sells- Read annotationsAnnotations tell you everything I'm looking at, sells withing premium going with the trend are always the HP trade, nice PA too building up lots of LQ, few concerns though but if i get the right confirmation i will take the trade
Opened (IRA): QQQ June 17th 265 Short Put... for a 3.00 credit.
Comments: Filled toward the close, targeting the <16 delta strike in the expiry nearest 45 days until expiry paying at least 1% of the strike price in credit in the broad market exchange-traded fund with the highest 30-day IV.
Some of the rungs of this "ladder" are currently in the money, so can contemplate taking on shares/selling call against or rolling them out in time, but we'll deal with each rung in turn as we get to them.
AJ could go below 90AJ looks bullish overall and possibly retracing back to equilibrium or a FVG. Price is showing bearish displacement and multiple breaks of structure.
Rolled: NVDA May 20th 220 Short Call to May 20th 205... for a 5.45 credit.
Comments: This ... is getting kind of ugly in here. In any event, in for a penny, in for a pound. I also closed out the 290 short call I put on as a delta flattener, since it only had about .25 left of extrinsic left in it and since we're closing in on that 21 day mark where I might want to consider rolling out, particularly where the short put is closing in on almost having no extrinsic left in it.
Total credits collected of 77.63 on a 75-wide (280P/205P) with 202.37/282.63 break evens.
Opened (IRA): QQQ June 17th 280 Short Put... for a 2.78 credit.
Comments: Targeting the <16 strike paying at least 1% of the strike price in credit in the broad market exchange-traded fund with the highest 30-day IV to emulate dollar cost averaging into the broad market. (And wasn't this green at the open?)
Rolled (IRA): IWM May 6th 185 Short Put to May 27th 183... for a 1.05 credit.
Comments: 50% max roll to the <16 delta strike in the expiry nearest 45 days that is paying around 1% of the strike price in credit. Total credits collected of 5.77 (See Post below) plus the 1.05 here for a total of 6.82 versus the 1.86 or so the 183 was paying, so I've realized gains of 4.96 ($496) so far.
The May 27th 16 delta is just barely paying 1%; otherwise, I probably would have done a "window dressing roll" from the 185 to the May 27th 175 for a small credit to milk the remaining extrinsic out of the option while reducing risk (since it's farther out-of-the-money) and buying power effect (since it would've been a lower strike).
Opened: /ES May 27th 3200 Short Put... for a 3.00 credit.
Comments: Rerunning the far out-of-the-money short put in /ES. 3.00 credit/1.50 max on buying power of 23.98. 6.3% ROC at max as a function of buying power effect; 3.1% at 50% max. As previously noted, it routes for a 3.00 credit, but its max is only half of that or 1.50 ($150). Will look to take profit at 50% max.
Closed: /ES May 20th 2850 Short Put... for a 1.00 debit.
Comments: Filled for a 2.00 credit (See Post Below); out here at 50% max. Ordinarily, this would be a 1.00 ($100) winner, but the way /ES works is that your max is half of the credit received -- in this case, one half of 2.00 is 1.00 ($100), so 50% max is .50 or $50.
Opened: /ES May 20th 2850 Short Put... for a 1.00 credit.
Comments: Just a little dorky way out-of-the-money short put engagement trade ... . 1.00 credit on buying power effect of 14.99; 6.7% at max as a function of buying power effect; 3.3% at 50% max.
GBPJPY Pro-Trend Trade 10/04/2022GBPUSD is currently bearish on the Higher timeframe(4h+) but bullish on the lower timeframe(15min). I have marked out two zones that will be great opportunities to sell if approached. If a lower timeframe confirmation is seen I will enter sells. Remember do not stick to predictions but REACT!
Opening: NVDA May 20th 290 Short Call... for a 1.95 credit.
Comments: Selling an additional call against my badly inverted NVDA short strangle to flatten net delta. Total credits collected of 72.43 on a 60-wide inverted. Delta/theta 9.34/37.57; 16.26 extrinsic.
I'll look to adjust the extra short call going forward via roll if necessary, since I can't do much currently with the inverted, both sides of which are in-the-money. Conversely, I'll look to sell a put against the 290 if the underlying whips back the other way. This seemed like the best and simplest option among my choices, which were to roll the short call deeper into the money, short stock, or do some other short delta setup (e.g., a skewed straddle or strangle with similar short delta metrics) to allow for theta in the setup to decay in relatively flat delta.
Fortunately, I don't exactly have tons going on in the margin account right now, so I'm okay with tying up the additional buying power to give me a shot a scratching this beast out in this cycle.
Rolling: XBI May 20th 75/105 Short Strangle to June 76/110... for a 1.09 credit.
Comments: A different way to do a delta adjustment when your setup is in profit ... . Locking in the realized gain of the May 20th setup while returning the position back to net delta neutral and improving break evens. Total credits collected of 2.35 (See Post Below) plus the 1.09 here, for a total of 3.44 relative to a current value for the June 17th 76/110 of 2.72, so I've realized gains of about .72 ($72) so far.
IVR/IV is still pretty decent in here at 53/42.6%.
Opening: QQQ May 27th 315/380 Short Strangle... for a 6.20 credit.
Comments: Selling 16 delta-ish strikes on both sides after closing out my previous QQQ position for a small winner. 6.20 credit on buying power effect of 41.91 (on margin); 14.8% ROC at max; 7.4% ROC at 50% max. Delta/theta .37/17.
