Rolling: NVDA May 20th 205C/280P to June 17th 200C/275P... for a 4.48 credit.
Comments: Ugh. Just ugh. Total credits collected of 82.11 on a 75-wide inverted. Break evens at 192.89/282.11.
Rolling
Rolling: IWM May 20th 176/217 to June 17th 165/210... for a 1.26 credit.
Comments: Kind of neglected this position a bit, so rolling out, recentering risk instead of rolling down the call side to flatten net delta with 21 days to go. Total credits collected of 3.23.
Rolled (IRA): IWM May 6th 185 Short Put to May 27th 183... for a 1.05 credit.
Comments: 50% max roll to the <16 delta strike in the expiry nearest 45 days that is paying around 1% of the strike price in credit. Total credits collected of 5.77 (See Post below) plus the 1.05 here for a total of 6.82 versus the 1.86 or so the 183 was paying, so I've realized gains of 4.96 ($496) so far.
The May 27th 16 delta is just barely paying 1%; otherwise, I probably would have done a "window dressing roll" from the 185 to the May 27th 175 for a small credit to milk the remaining extrinsic out of the option while reducing risk (since it's farther out-of-the-money) and buying power effect (since it would've been a lower strike).
Rolling (IRA): SPY June 17th 345 Short Put to June 30th 383... for a 2.46 credit.
Comments: The last little bit of SPY short put ladder cleanup here.
You know the drill ... . >50% max, roll out to the <16 delta strike paying around 1% of the strike price in credit. Credits collected of 6.05 (See Post Below) plus the 2.46 here for a total of 8.51 relative to the current price for the June 30th 383 of 3.86, so I've locked in gains of 4.65 ($465) so far.
Rolling (IRA): SPY May 20th 365 Short Put to June 17th 393... for a 3.08 credit.
Comments: Cleaning up the remainder of my short put ladder a bit after closing out or rolling a bunch of stuff in April expiries. With the May 20th 365 only worth .83 (i.e., way greater than 50% max), rolling it out to June. Total credits collected of 23.91 (See Post Below) plus the 3.08 here for a total of 26.99 relative to the June 393 short put price of 3.94 or so, so I've locked in gains of about 23.05 ($2305) so far.
I'll return to selling shorter duration stuff of around 45 days' duration if <16 delta strikes start paying again. Currently, the strike paying around 1% of the strike price in credit is at the 420, paying 4.24, and that's at the 19 delta.
Rolling (IRA): QQQ May 20th 260 Short Put to May 20th 320... for a 2.88 credit.
Comments: With the 260 at greater than 50% max, rolling up to the <16 delta strike paying 1% of the strike price in credit, rather than extending duration. Total credits collected of 2.60 (See Post Below) plus the 2.88 here for a total of 5.48.
Rolling: SPY April 29th 431 Short Put to April 29th 436... for a .79 credit.
Comments: Rolling up the untested side of my short strangle, the short call aspect of which is at the 454. Total credits collected of 11.84.
Rolling: QQQ April 22nd 341 Short Put to April 22nd 348... for a 1.15 credit.
Comments: Rolling up the untested side of my short strangle, the short call aspect of which is at the 361. Total credits collected of 10.95.
Rolling: SPY April 29th 375 Short Put to April 29th 431... for a 4.09 credit.
Comments: Flattening net delta directionality by rolling the short put to the strike that is one-half the delta of the call (which is at the 454 strike). Total credits collected of 6.96 (See Post Below) plus 4.09 equals 11.05.
Rolling: QQQ April 22nd 290 Short Put to April 22nd 341... for a 3.95 credit.
Comments: Rolling up the put side to the strike that's approximately one-half the delta of the call side (which is at the 361 strike) to reduce net delta directionality. Total credits collected of 5.85 (See Post Below) plus 3.95 equals 9.80.
Rolling (IRA): SPY April 14th 375 to May 20th 408... for a 3.75 credit.
Comments: Unfortunately, shorter duration isn't paying what I would like to see in SPY, so rolling it out to the monthly <16 delta strike paying at least 1% of the strike price in credit. I've collected a total of 4.00 (See Post Below), plus the 3.75 here for a total of 7.75 with the 408 currently paying 3.91, so I've realized gains of around 3.84 ($384) so far. Still have April 14th, April 22nd, April 29th, May 20th, and June 17th rungs on to play with.
Rolling (IRA): QQQ April 14th 295 Short Put to May 6th 318... for a 2.74 credit.
Comments: With only .36 left in this one, rolling out to the <16 delta strike that's paying at least 1% of the strike price in credit. I've collected a total of 4.46 (See Post Below) plus 2.74 for a total of 7.20 relative to a current price for the May 6th 318 of 3.06 or so; 4.14 ($414 of realized gains). Still have April 14th, April 22nd, April 29th, and May 20th rungs on.
Rolling (IRA): IWM April 8th 175 Short Put to May 6th 185... for a 1.69 credit.
Comments: With only .17 left in the April 8th 175, rolling it out to the <16 delta May 6th strike paying at least 1% of the strike price in credit. Total credits collected: 4.08 (See Post Below) plus the credit received here of 1.69, for a total of 5.77 relative to the May 6th 185 short put value of 1.81, so I've realized gains of 3.96 ($396) so far.
Rolling (IRA): SPY March 18th 412 Short Put to April 29th 375 ... for a 1.40 credit.
Comments: This is a smidge shy of 50% max, but has only 7 days to go. Rolling it down and out to the April 29th short put paying at least 1% of the strike price in credit. Total credits collected of 19.07 (See Post Below) plus 1.40 or 20.47 relative to the 375's current price of 3.98, so I've realized gains of 16.49 ($1649) so far. Still sticking with the weeklies here so long as the 45 DTE <16 delta strike continues to pay >1% of the strike price in credit.
Rolling: NVDA April 14th 245 Short Call to 235... for a 3.40 credit.
Comments: Rolling down the untested side. Total credits collected of 49.35 on what is now a 30-wide inverted with a 215.65 downside break even.
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 ... .
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.
Rolling: NVDA April 14th 250 Short Call to 245... for a 1.65 credit.
Comments: Adjust individual positions first if your portfolio net delta gets out of whack, then look at adding a portfolio-wide delta hedge thereafter if that hasn't done the trick (is the general rule). Doing that here with my NVDA position, on which I've collected a total of 45.95 on a now 20-wide inverted (April 14th 245C/265P) with a 219.05 downside break even. Net delta in the position remains long, so it could benefit from a bounce.
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: 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).
