Opening (IRA): IWM October 20th 159 Short Put... for a 1.61 credit.
Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price to emulate dollar cost averaging into the broad market.
Premiumselling
Opening (IRA): TLT September 15th 90 Short Put.... for a .73 credit.
Comments: The third rung of a TLT short put ladder. Will look to add at better strikes should we get additional weakness.
Opening (IRA): SPY September 29th 405 Short Put... for a 3.96 credit.
Comments: My weekly broad market short put in SPY, targeting the <16 strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
In SPY, this is at the 17 delta in the September 29th, but really didn't want to go out to the fourth quarter to sell premium yet.
Opening (IRA): QQQ September 29th 321 Short Put... for a 3.23 credit.
Comments: My weekly, broad market short put targeting the <16 delta short put in the shortest duration paying around 1% of the strike price in credit.
As with my IWM and SPY short puts, will look to add in shorter duration should we get weakness and higher IV at some point.
Opening (IRA): IWM September 29th 164 Short Put... for a 1.69 credit.
Comments: Selling premium in the shortest duration where the <16 strike pays around 1% of the strike price in premium.
This is less than ideal; you generally want to sell on weakness/higher IV, but am looking to keep theta on and burning. Will naturally look to add rungs in shorter duration/higher IV should the <16 strike start to pay.
Opening (IRA): AMD August 18th 90 Short Put... for a .91 credit.
Comments: Grinding through my single name IV screener to sell premium in high IV single name here, targeting the shortest duration <16 delta strike to emulate dollar cost averaging into the underlying. Here, the top 10 are: SABR, SNAP, TSLA, CCL, META, NFLX, TEVA, AMD, CLF, INTC. I'm already in TSLA, META, and NFLX and some of the others are too small to be worthwhile from a dollar and cents standpoint (i.e., SABR, 3.22/share; TEVA, 7.58).
As usual, I'm perfectly fine with taking assignment of shares, selling call against if that happens, but primarily just looking to augment the amount of theta I have on, since my usual broad market go-tos (IWM, QQQ, SPY) aren't exactly paying buckets in shorter duration.
Opening (IRA): QQQ September 29th 318 Short Put... for a 3.27 credit.
Comments: Targeting the <16 delta strike in the shortest duration where the credit received is around 1% of strike price to emulate dollar cost averaging into the broad market.
IVR/30-day IV isn't great here ... .
Opening (IRA): IWM September 29th 160 Short Put... for a 1.67 credit.
Comments: Targeting the <16 delta strike in the shortest duration where the credit received is around 1% of strike price to emulate dollar cost averaging into the broad market.
Opening (IRA): META August 18th 225 Short Put... for a 2.48 credit.
Comments: A little bit more single name toward the top of my IV screener. Targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the underlying without actually being in the stock.
Earnings are on July 26th, so I'll be "playing through."
Opening (IRA): TSLA September 15th 155 Short Put... for a 1.61 credit.
Comments: Adding on weakness here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the underlying without actually being in the stock. I would've used the August monthly, but already have a rung on there at the 175 strike.
One of the highest IV options liquid single name on my board at 67.8%. (The two higher ones are NIO -- trading at 8.51/share and SNAP, trading at 11.24).
Opening (IRA): NFLX August 18th 345 Short Put... for a 3.75 credit.
Comments: 30-day IV of 47.9%. Selling premium in some high IV single name, with the caveat that earnings are on July 19th, so I'll be "playing through" and (continuing with the golfing theme) hoping to clear the water hazard. As with my broad market short puts, targeting the <16 delta strike paying around 1% of the strike price in credit, giving me room to be wrong.
I'm primarily doing this because broad market IV isn't exactly great here: IWM, 19.9%; QQQ, 19.5%, SPY, 13.0%.
Opening (IRA): TSLA August 18th 175 Short Put... for a 1.94 credit.
Comments: Selling premium in some options liquid, higher IV single name here while I wait for a better broad market IV environment. TSLA's 30-day is at 65.7%.
Targeting the <16 delta strike paying around 1% of the strike price in credit. A small caveat here is that TSLA earnings are on July 19th, so I will be "playing through" those.
Opening (IRA): KRE June/July/August 36/34/31 Short Put LadderComments: High IV at 39% and change, with weakness to boot. Laddering out here, rather than taking all the risk in one expiry and at one strike.
Opening (IRA): TLT August 18th 92 Short Put... for a .68 credit.
Comments: The second rung of a TLT short put ladder ... . Selling around the 16 delta strike here.
Opening (IRA): TLT November 17th 94 Short Put... for a .75 credit.
Comments: Continuing to build out rungs in 20-year plus maturity paper, targeting the 16 delta strike to emulate an equities/bond mix in my portfolio using short puts, particularly since TLT 30-day is actually greater than that in SPY (15.1% for the former; 13.0% for the latter).
As usual, I'm fine with taking assignment of shares at this level and then proceeding to "cover" (i.e., sell call against) if that happens.
EURUSD Short on the 15minPrice should give us a bullish choch soon which would also take yesterdays Asia liquidity. Once I see a bearish choch I will enter into shorts targeting the 15min weak low.
Opening (IRA): TLT July 19th 94 Short Put... for .60 credit.
Comments: With 30-day IV higher than in SPY, selling some premium in 20-year maturity paper, targeting the 16 delta strike, with the plan being to build out a multi-rung ladder.
Opening (IRA): SPY September 15th 384 Short Put... for a 3.91 credit.
Comments: Selling premium in the shortest duration where the <16 delta strike is paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): QQQ September 15th 304 Short Put... for a 3.16 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. Going out to September here, since I've already got a couple rungs out in August.
Opening (IRA): QQQ August 18th 319 Short Put... for a 3.22 credit.
Comments: Selling premium in the shortest duration where the <16 delta strike is paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): IWM September 15th 153 Short Put... for a 1.60 credit.
Comments: Selling premium in the shortest duration where the <16 delta strike is paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): SPY September 15th 367 Short Put... for a 3.69 credit.
Comments: Ugh. Longer-dated than I'd like, but am prepared to add in shorter duration and higher IV if we get it at some point. Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): IWM September 15th 146 Short Put... for a 1.46 credit.
Comments: Re-establishing a September rung after scratching out a higher strike trade yesterday, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
The shortest duration trades in which the <16 delta strike is paying around 1% in credit:
IWM: August (at the 154 strike, paying 1.58)
QQQ: August (at the 296 strike, paying 2.99)
SPY: September (at the 367 strike, paying 3.70).
