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Rolling

Rolling (IRA): QQQ July 1st 301 to August 19th 292... for a 2.93 credit. Comments: Rolling down and out to the August monthly, as the August 5th contract didn't seem all that liquid. Total credits collected of 6.50 (See Post Below) plus the 2.93 here for a total of 9.43. I'll generally keep on doing this (down and out) with any of my monied rungs until I can't get decent (a relative term) strike improvement, along with a decent credit, at which point I'll just take assignment and proceed to sell call against. (See, e.g., my QQQ June 24th 321 short put, which I couldn't strike improve to my satisfaction without going out hugely long-dated).
NASDAQ:QQQ
by NaughtyPines
Rolling: XBI July 15th 65C/75P to August 70/86... for a 9.88 debit. Comments: As with my IWM trade, paying a debit to uninvert this setup, free up buying power, and turn it into a higher POP (Probability of Profit) setup. I had collected a total of 11.65 in credits up to this point, so I'm still net credit by 1.77 after doing this, but with a smaller buying power footprint and with "delta/theta happy" metrics at -2.66/8.70. Like the IWM trade, however, it's under water: it's currently marking at 5.42. I had a brief opportunity to take it off for a .70 loss, but it decided to move too much ... .
AMEX:XBI
by NaughtyPines
Rolling: IWM July 22nd 167.5/172 to August 5th 158/187.5... for a 6.04 debit. Comments: Rolling out and paying a debit here that is smaller than total credits collected to reduce buying power effect. Up to this point, I'd collected a total of 8.39 in credits, so I'm still net credit on the setup by 2.35, but it's currently marking at 4.57 or so, so I'm down 2.22 on the position at this point. The setup, however, is now "delta/theta happy" at -4.03/12.39 and isn't being such a buying power pig.
AMEX:IWM
by NaughtyPines
Rolled (IRA): SPY June 30th 383 to September 16th 365... for a 3.66 credit. Comments: (Late Post). With only .36 worth of extrinsic left in the June 30th 383 (and a scant 9 days to go), rolling it down and out here to the strike that's paying me about 1% of the strike price to roll. Total credits collected of 8.51 (See Post Below) plus the 3.66 here, for a total of 12.17. This is longer-dated than most like to go, but I'm generally fine with that in the retirement account, particularly since the roll reduces buying power effect, risk of assignment, delta, and cost basis. I still may naturally have to take assignment of shares, but it will be at 365 (minus credits received) instead of at 383 (minus credits received).
AMEX:SPYLong
by NaughtyPines
Rolled (IRA): SPY June 17th 393 Short Put to August 360... for a 2.40 credit. Comments: Been rolling this for quite a while now ... . Mechanically rolling out for duration at 50% max to the <16 delta strike paying 1% of the strike price in credit in the shortest duration expiry, which is currently August (neither July 15th nor July 22nd <16 delta are paying 1%). I'm doing this in lieu of adding units in SPY at the moment, because it doesn't appear it's paying in shorter duration. As usual, I'll look at selling shorter duration if it starts paying again. Total credits collected of 26.99 (See Post Below) plus the 2.40 here, for a total of 29.39 relative to a price for the August 360 (73 DTE) of around 3.70, so I've realized gains of 25.69 ($2569) so far.
AMEX:SPYLong
by NaughtyPines
Rolled (IRA): IWM June 17th 179 Short Put to July 22nd 169... for a 1.03 credit. Comments: Mechanically rolling out at 50% max to the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days. Total credits collected of 3.76 (See Post Below) plus the 1.03 here for a total of 4.79 relative to the July 22nd 169 short put value of around 1.80, so I've realized gains of 2.99 ($299) so far. Doing this reduces risk not only because the strike is lower, but also because I collected a credit to do it, reducing my cost basis even further.
AMEX:IWMLong
by NaughtyPines
Rolling (IRA): SPY June 17th 370 Short Put to August 19th 340... for a 2.31 credit. Comments: Part of a longer-dated strategy to emulate dollar cost averaging into the broad market. With the June 17th 370 at greater than 50% max, rolling it out to the <16 delta strike in shortest duration monthly paying at least 1% of the strike price in credit. Credits collected of 3.65 (See Post Below), plus the 2.31 here equals 5.96 relative to a short put value for the August 340 of 3.48, so I've realized gains of around 2.48 ($248) so far. I considered rolling out to July, but still have rungs on in that expiry that I don't want to step on, so rolling out for longer duration here is more of a practical thing than a mechanical thing.
AMEX:SPY
by NaughtyPines