Rolling: IWM April 1st 201 Short Straddle to April 8th... for a 1.16 credit.
Comments: Taking a little profit (1.40/$140) by rolling here. Total credits collected of 16.30 relative to a short straddle price for the April 1st 201 of 15.82.
Premiumselling
Rolling: ARKK March 18th 59.22 Short Put to June 47.22... for a .05 credit.
Comments: Giving myself more room to be wrong on the put side ... .
Opening (IRA): QQQ April 22nd 275 Short Put... for a 3.05 credit.
Comments: Targeting the <16 delta strike in the expiry nearest 45 DTE paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market in weakness and high IV.
Opening (IRA): SPY April 22nd 370 Short Put... for a 4.00 credit.
Comments: Targeting the <16 delta short put paying at least 1% of the strike price in credit on weakness/high IV to emulate dollar cost averaging into the broad market. Previously, I was using longer duration monthlies, but since 45 days until expiry is paying here in SPY, I'm opting to go shorter in duration for the time being.
Rolling: ARKK May 20th 77 Short Call to May 20th 64.22... for a 2.85 credit.
Comments: Total credits collected of 30.85 on what is now a 38-wide inverted, so just looking to close out the entire position for less of a loss than what it is currently at this point.
Rolling (IRA): IWM March 18th 181 Short Put to April 22nd 165... for a .69 credit.
Comments: This isn't quite at 50% max, but only has 11 days to go, is in profit, and is the highest strike I've got hanging out there in IWM. I've collected a total of 3.83 (See Post Below) + the .69 here for a total of 4.52 relative to a current price for the April 22nd 165 of 1.80, so have realized gains of 2.72 ($272) in this puppy so far.
Opening: SMH April 14th 210/290 Short Strangle... for a 5.90 credit.
Comments: High IVR/high IV (96/48.5). Selling the 15 delta-ish strikes on both sides; 5.90 credit on buying power effect of 25.37 (on margin); 23.3% ROC at max; 11.6% at 50% max.
Closed: XBI March 18th 71 Short Put... for a .20 debit.
Comments: Sold this for 1.41 to reduce cost basis in my inverted short strangle. Closing out here results in a realized gain of 1.21 ($120) on that leg. Cost basis on the remainder is now 12.46, with a downside break even of the short put leg (99) minus credits collected (12.46) or 86.54 relative to where XBI is trading right now at 86.34, so I'm not in horrible shape. I will consider re-erecting the short put if we get further weakness or rolling down the short call further since it's I've collected 12.46 on a six-wide, leaving me with room to invert further if I have to.
Opening (IRA): EFA April 14th 58 Short Put... for a .66/contract credit.
Comments: High IVR/high IV at 114/35. Starting to build a position in EFA here while I wait for U.S. equities positions to come in. Targeting the <16 delta strike paying at least 1% of the strike price in credit. Unfortunately, the weeklies aren't that great from a liquidity standpoint, so will have to ladder out in the monthlies at intervals.
Opened: ARKK May 20th 49.22 Short Put... for a 2.14 credit.
Comments: Total credits collected of 28.00 on a 25.22-wide inverted with a put side break even of 74.22. Ordinarily, I would have rolled out the shorter dated March 18th 59.22 at 50% max, but I sold it for 1.83 and it finished the day at 2.03 with 15 days to go, so will just look to take it off on approaching worthless if I get an opportunity to do so.
Rolled: QQQ April 14th 295/376 Short Strangle to May 290/385... for a 2.87 credit.
Comments: A take profit/recenter risk roll. Total credits collected of 9.50 relative to a price of 8.01 at the time of fill, so I realized gains of 1.49 ($149) by doing this roll.
Rolling (IRA): IWM March 4th 185 Short Put to April 8th 175... for a 1.58 credit.
Comments: With 7 days to go and with the short put at >50% max, rolling this down and out to the April 8th 175 strike, which is paying around 2.10. I've collected a total of 4.08 in credits relative to a current price for the 175 short put of 2.05, so have realized gains of 2.03 ($203) so far.
Rolling: NVDA 250C/265P Short Strangle to April... for a 10.03 credit.
Comments: Rolling "as is" half way through the cycle to collect additional credit and improve my break evens. Total credits collected of 44.30 on a 15-wide inverted.
Rolling: XBI March 18th 93C/99P to April 20th 93C/99P... for a 2.38 credit.
Comments: Rolling this "as is" at 21 days until expiry to collect additional credit and improve my break evens. Total credits collected of 12.66 on a 6-wide inverted with a downside break even of 86.34 relative to where the underlying is currently trading at 88.22
Rolling: ARKK April 14th 80C/103P to May 20th 77P/102.22C... for a .93 credit.
Comments: There isn't much extrinsic left in the deep in-the-money short put, so rolling it out to May to collect additional credit and reduce cost basis further. Total credits collected of 25.86 on what is now a 24.22 inverted with a break even of 76.36 relative to where the underlying is currently trading at 65.37.
I'll continue to scalp around this position to reduce cost basis further, but have been working it for several cycles already, so it's more about mitigating loss at this point than attempting to make money on the position (although you never know).
Rolling: IWM March 18th 199 Short Straddle to April 1st 201... for a 2.34 credit.
Comments: Locking in some realized gains (.72/$72) here by rolling out a smidge early to at-the-money with 28 days to go. Total credits collected of 15.14 relative to the April 1st 201 short straddle price of 16.07, so still a little underwater at the moment.
Opening (IRA): QQQ April 14th 280 Short Put... for a 2.82 credit.
Comments: Targeting the strike paying at least 1% of the strike in credit to emulate dollar cost averaging into the broad market. Will generally look to roll at 50% max or take assignment, sell call against if that occurs.
Opening (IRA): SPY April 14th 375 Short Put... for a 4.00 credit.
Comments: Targeting the 16 delta or less strike paying at least 1% of the strike price in credit in the shortest duration contract with greater than 45 days until expiry to emulate dollar cost averaging into the broad market.
Opening: QQQ April 14th 295/376 Short Strangle... for a 6.63 credit.
Comments: Selling some fresh premium in the QQQ's. 6.63 credit on buying power effect of 34.20; 19.4% ROC at max as a function of buying power effect; 9.7% at 50% max. Will generally look to take profit at 50% max and/or manage sides on approaching worthless or side test.
Rolling: IWM March 11th 199 Short Straddle to March 25th 201... for a 2.95 credit.
Comments: Rolling for a small realized gain here at 21 days until expiry. I've collected a total of 15.05 in credits relative to the current March 25th 201 short straddle price of 15.46, so the position is still a smidge underwater. Current break evens: 185.54 on the put side, 216.46 on the call.
Rolling: NVDA March 18th 265 Short Call to 250... for a 4.25 credit.
Comments: Rolling down the call side of my 265 short straddle to the 250 on put side break even test. It's now a 15 wide inverted (250C/265P) short strangle on which I've collected 34.27. Break evens now 230.73 on the put side, 284.07 on the call. Net delta leans long (i.e., it would benefit from a bounce).
Opening: ARKK April 14th 50 Short Put... for a 1.47 credit.
Comments: Adding to my ARKK position on weakness. Total credits collected of 24.93 with a 78.07 break even relative to where it's currently trading at 66.92. (Ugh). This also wouldn't be bad as a standalone trade, with rank/implied at 78/72, paying 1.47 on buying power of 5.12 (28.7% ROC at max).
Opened (IRA): IWM April 1st 175 Short Put... for a 1.98 credit.
Comments: Selling premium in the broad market exchange-traded fund having the highest 30-day on the board, targeting the strike in the shortest duration contract of 45 days or longer that pays at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I usually do this on Fridays, but if it's gonna dump on a Thursday ... .
