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Rolling

Rolled (IRA): IWM October 1st 161 to the November 18th 163... short put for a 1.10 credit. Comments (Late Post): Rolled this out at >50% max to the strike in November paying around 1% of the strike price in credit. I might usually just take profit and close this out, but still need small cap long delta for a bit here while I manage my IWM short delta hedge. Total credits collected of 1.62 (See Post Below) plus the 1.10 here for a total of 2.72 relative to a price for the November 18th 163 of 1.71, so I've realized gains of 1.01 ($101) to date.
AMEX:IWMLong
by NaughtyPines
Rolling (Margin): BITO Sept 12C/17P to Oct 11C/16P... for a .63 credit. Comments: Rolling out with 28 days to go, but adjusting strikes slightly to delta neutral, since there wasn't a ton of difference in credit between rolling out "as is" versus delta balancing. Total credits collected of 5.01 on a 5 wide inverted. The setup is currently marking at 6.46 relative to my cost basis of 5.01, so it's underwater by 1.45 ($145). Moreover, the max the setup can make is 5.01 minus the width of the inversion (5.00) (i.e., $1), so I'm just looking to cut that loss a smidge before calling it a day if I can, with price ideally staying between the short option strikes throughout the life of the setup. Resulting delta/theta of -8.42/2.18.
AMEX:BITO
by NaughtyPines
2
Rolling (Margin): NVDA Sept 16th 170/220 to Oct 21st 160/210... for a 5.16/contract credit. Comments: Rolling out to the 25 deltas (both sides) right before earnings in lieu of doing an intraexpiry delta adjustment with 28 days to go. Total credits collected of 2.52/contract (See Post Below) plus the 5.16 here for a total of 7.68/contract. The October 21st 160/210 is currently marking at around 11.50, so I'm still down 3.80 or so per contract. It's an improvement over I was as of the last roll, but I'm still just basically slogging away at a loser here to scratch it out (or make it less of a loser).
NASDAQ:NVDA
by NaughtyPines
Rolled (IRA): QQQ September 16th 278 Short Put to October 21st... 268 short put for a 1.23 credit. Comments: This wasn't quite at 50% max yet, but thought I'd take the opportunity to do some housekeeping since I could realize a gain, strike improve, and receive a credit here by rolling for duration. Total credits collected of 14.09 (See Post Below) plus the 1.23 here for a total of 15.32 relative to a price of around 2.83 for the October 21st 268, so I've realized gains of 12.49 ($1249) so far.
NASDAQ:QQQLong
by NaughtyPines
Rolling (IRA): QQQ August 26th 316 Short Put to October 300... for a 1.08 credit. Comments: (Late Post). Been rolling this for a while. Total credits collected of 9.38 (See Post Below) plus the 1.08 here for a total of 10.46. I would rather stay in an options contract versus taking on stock, since you can strike improve an option. Another lesson here is that you'll find it easier to roll for more substantial strike improvement if your option is less monied. Consequently, I took the opportunity to roll here with QQQ price whipping up (at one point in Friday's session) -- to 316.39. Naturally, this doesn't mean that the 300 will expire worthless or otherwise be profitable; it does mean, however, that my cost basis will be lower than it was with the strike at the 316.
NASDAQ:QQQLong
by NaughtyPines
Rolling (IRA): SPY July 15th 370 Short Put to August 19th 347... for a .75 credit. Comments: Doing a little early housekeeping where I can running into the July 4th weekend ... . Rolling for a realized gain to the <16 delta strike in the expiry nearest 45 days paying around 1% of the strike price in credit. Collected 3.65 (See Post Below) plus the .75 here for a total of 4.40 relative to an August 19th 347 short put value of 3.53, so I've realized gains of around .87 ($87) so far.
AMEX:SPYLong
by NaughtyPines