Opening (IRA): SPY January 19th 390 Short Put... for a 4.16 credit.
Comments: Targeting the shortest duration <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Premiumselling
Opening (IRA): SPY December 29th 405 Short Put... for a 4.22 credit.
Comments: Rounding out fourth quarter rungs ... . Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I already have some December 15th on, so going out to the last expiry of the year here.
Opening (IRA): SMH January 19th 120 Short Put... for a 1.30 credit.
Comments: Adding another rung to my SMH position out in January at a strike better than what I have on in December at the 125, targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): QQQ Dec 29th/Jan 15th 321/315 Short PutsComments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Adding two rungs here, since I no longer have anything in the Dec 29th expiry or in Jan. Will naturally look to add at better strikes and in shorter duration should IV expand at some point.
Opening (IRA): XBI January 19th 55 Short Put... for a .61 credit.
Comments: Adding a rung to beaten-down biotech at strikes better than what I currently have on in October at the 76, November at the 71, and December at the 63, targeting the <16 delta strike paying around 1% of the strike price in credit.
I'll be assigned shares on the 76 here shortly (and possibly the 71), after which I'll proceed to sell call against.
Opening (IRA): XBI Dec/Feb 57/50 Short PutsComments: Adding a couple rungs to my XBI position at strikes better than what I currently have on, targeting the <16 delta strike paying around 1% of the strike price in credit.
December 15th 47: .62 credit
February 16th 50: .57 credit
I would've also gone with January, but already have a rung on at where I'd want to pitch my tent.
Opening (IRA): TSLA Dec/Jan 155/130 Short PutsComments: Now that TSLA has done its "earnings thing," adding to my position at strikes better than what I currently have on, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging in. 30-day is still pretty decent here at around 54.7%.
Opening (IRA): TQQQ Dec/Jan 27/26 Short PutsComments: Targeting the 16 delta here to emulate dollar cost averaging into the underlying at strikes slightly better than what I currently have on.
December 15th 27: 1.06 credit
January 19th 26: 1.41 credit
Opening (IRA): QQQ Jan/March 305/280 Short PutsComments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
January 19th 380: 4.19 credit
March 15th 280: 3.06 credit
There currently isn't a February monthly yet, so I'll add that in later, assuming I can get in at strikes better than what I currently have on.
Opening (IRA): IWM Dec/Jan/Feb 152/144/136 Short PutsComments: Targeting the <16 delta strike paying around 1% of the strike price in credit at strikes better than what I currently have on.
December 15th 152: 1.53 credit
January 19th 144: 1.51 credit
February 16th 136: 1.37 credit
Opening (IRA): IWM Dec/Dec 29th/Jan/Feb 154/151/146/141... short put ladder.
Comments: Adding on weakness at strikes better than what I currently have on, targeting the <16 delta strike to emulate dollar cost averaging into the broad market.
December 15th 154: 1.60 credit
December 29th 151: 1.63 credit
January 19th 146: 1.49 credit
February 16th 141: 1.50 credit
Opening (IRA): TQQQ Dec 15th/Jan 19th 24/23 Short PutsComments: Adding a couple rungs at strikes better than what I currently have on, targeting the 16 delta strike to emulate dollar cost averaging in.
December 15th 24: .81 credit
January 19th 23: 1.15 credit
Opening (IRA): SPY Jan/Feb 380/365 Short PutsComments: Targeting the <16 delta strikes paying around 1% of the strike price in credit at strikes better than what I currently have on.
January 19th 380 short put: 4.19 credit
February 16th 365 short put: 3.82 credit
Opening (IRA): SPY Jan 19th/Feb 16th 374/360 Short PutsComments: Adding in a couple of rungs at strikes better than what I currently have on, targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): SPY December 29th 394 Short Put... for a 3.96 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market and to generate "free cash flow."
Opening (IRA): SPY December 15th 403 Short Put... for a 4.07 credit.
Comments: My weekly broad market short put in the shortest duration contract where the <16 delta is paying around 1% of the strike price in credit to emulate dollar cost averaging into the market without actually being in stock.
My basic options here are (a) do nothing, waiting for higher IV to sell premium; (b) continue to sell premium in shorter duration, but at strikes that are closer to at-the-money; (c) continue to sell premium in shorter duration, but at given delta strikes; or (d) scrounge around in the market for premium in other exchange-traded funds or single name that aren't so "weak sauce." I'm opting for (a) here, but may also scrounge around ... .
Examples:
Shorter Duration, But Closer to At-The-Money:
SPY September 1st (42 Days Until Expiry) 447.5 (38 delta), 4.48 credit (around 1% of strike price in credit).
Shorter Duration, But at a Given Delta:
SPY September 1st (42 Days Until Expiry) 436 (20 delta), 2.34 credit (around .54% of strike price in credit).
Opening (IRA): SMH January 19th 115 Short Put... for a 1.27 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the underlying. I currently have a December 125 and January 120, so this is at a better strike than what I currently have on.
Opening (IRA): SMH December 15th 125 Short Put... for a 1.55 credit.
Comments: Adding a rung out in December to my SMH position, targeting the <16 strike paying around 1% of the strike price in credit to emulate collar cost averaging into the underlying.
Opening (IRA): SMH Dec 15th/Jan 19th 112.5 Short PutsComments: Adding in at strikes better than what I currently have on (which seems to be a recent theme), targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): QQQ December 29th 314 Short Put... for a 3.17 credit.
Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit.
Opening (IRA): IWM Dec 19th/Jan 19th 146/142 Short PutsComments: Squeezing in a couple of extra rungs here at strikes better than what I currently have on, targeting the <16 strike paying around 1% of the strike price in credit.
December 29th 146: 1.47 credit
January 19th 142: 1.47 credit
After this, will primarily look to do "housekeeping" trades running into the end of the year ... .
Opening (IRA): QQQ Dec 29th/Jan 19th 309/300 Short PutsComments: Squeezing in a couple rungs at strikes better than what I currently have on, targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): TLT October 20th 93 Short Put... for a .74 credit.
Comments: Adding in an October rung here in 20 year+ maturity paper after taking off my July rung. 30-day IV remains higher than SPY.
Am fine with getting assigned shares if that happens. Prior to COVID, I had a rather large TLT covered call position in my IRA, but felt compelled to take profit on it at or near COVID highs and have been looking to get back in ever since then.
