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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.
NASDAQ:QQQLong
by NaughtyPines
1
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.
NASDAQ:NVDA
by NaughtyPines