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Rolling

Rolling (IRA): ARKK September 17th 102 to October 15th 100... short put for a 1.08/contract credit. Comments: With the 30-day implied remaining fairly decent at 43.2% and the September 17th 102's at around 50% max, rolling them down and out to the October 100's for a 1.08/contract credit here. I originally collected 2.44/contract for the 102's, (See Post Below), so have collected 2.44 + 1.08 = 3.52 versus a current short put value of 2.40/contract (i.e., I realize a gain of 1.12 ($112)/contract).
AMEX:ARKK
by NaughtyPines
Rolling (IRA): IWM September 10th 203 Short Put to September 30.. 201 Short Put for a 1.27 credit. Comments: I originally opened this for 2.02. (See Post Below). With only .68 left in it (>50% max), I'm rolling it down and out to the 16 delta strike in expiry nearest 45 days until expiry to reduce risk a smidge relative to where the underlying is currently trading. I'm opting to do this versus adding additional units, which I'll reserve for greater weakness. Total credits collected of 2.02 + 1.27 = 3.39 versus a current short put value of 1.98, so by doing this I realize a gain of 3.39 - 1.98 = 1.41 ($141). On a side note, I still have the September 3rd 198's on. I initially considered rolling those out in time as well, but would've rolled from the 198's to the 201's in the September 30th expiry as I did with these (i.e., not a strike improvement), so opted not to do that here, but rather just leave them alone for now and wait to either take them off on approaching worthless or -- if given the opportunity -- roll them down and out as well.
AMEX:IWM
by NaughtyPines
Rolling: SOFI September 17th 20 Covered Calls to October... for a .41/contract credit. Notes: Rolling my covered calls from September to October here with a resulting cost basis of 16.17 (See Post Below) - .42 or 15.76/share. I wanted to do this before more volatility pisses out post-earnings announcement. Still have the September 17th 15 short put on, which I'm intending to run to expiry, since this is a relatively small position and am fine with picking up additional shares if that happens.
NASDAQ:SOFI
by NaughtyPines
Rolling (IRA): SPY September 17th 400 Short Put to September 24... 391 short put for a .04 credit. Comments: A take profit roll. I originally put this on for 4.03 (See Post Below) and want to try to milk the last extrinsic out of it without extending duration much, particularly since implied volatility kind of sucks here and want to reserve longer duration rolls for a better premium selling environment. With the September 24th 391 currently valued at 1.10, I realize a gain of 4.03 + .04 - 1.10 = 2.97 ($297) by doing this.
AMEX:SPY
by NaughtyPines
Rolling (IRA): SPY September 17th 358 Short Put to October 15th... 373 for a 2.06 credit. Comments: Doing mechanical rolling at 50% max in a longer-dated strategy in SPY. With the September 17th 358 currently valued at 1.69, rolling out to the October monthly to the strike paying at least 1% of the strike price in credit. Here, that's the 373, currently paying 3.75. Total credits collected to date: 9.01 + 2.06 = 11.07 versus a current short put value for the October 373 of 3.75, so I've locked in 11.07 - 3.75 = 7.32 ($732). Looked at another way, my cost basis in any shares assigned from the 373 contract will have a cost basis of 373 minus total credits received of 11.07 or 361.93. As with all my other short puts, I'm fine with being assigned shares, selling call against should that occur.
AMEX:SPY
by NaughtyPines
Rolling (IRA): QQQ June 30th 288 to July 23rd 305 Short Put... for a 2.22 credit. Comments: Total credits collected of 3.10 (See Post Below) + 2.22 = 5.32 versus a short put value of 2.32 = a realized gain of 3.00 so far. Previously, I rolled down and out as a "window dressing" roll, but like the idea of being in all three majors (SPY, IWM, and QQQ) to take advantage of some rotational stuff going on, so decided to stay in the play and roll out. Naturally, rolling on a red day or a series of red days would have been more ideal ... .
NASDAQ:QQQ
by NaughtyPines
Rolling (IRA): IWM June 25th 202.5 Short Put to July 23rd 205... for a 1.69 credit. Comments: Was hoping for a red day here after yesterday's price action, but can't have everything. In any event: with only .58 or so left in the 202.5, rolling out to the July 23rd 16 delta strike at the 205 for a 1.69 credit in lieu of adding units. Total credits collected of 4.12 (See Post Below) + 1.69 or 5.81 versus the 205's current value of around 2.30, so I've realized a gain of 3.50 or so far.
AMEX:IWM
by NaughtyPines
Rolling (IRA): SPY July 16th 367 to August 20th 378... for a 2.56 credit. Comments: With the July 16th 367 at greater than 50% max, rolling it to the next monthly strike paying at least 1% of the strike price in credit. So far, I've collected 8.75 + 2.56 in credits or 11.31 ($1131) of which 7.39 ($739) is realized gain. It would be better to roll this on a red day or when implied volatility is better, but the goal here is to stay mechanical, rather than trying to collect "ideal" premium each and every roll.
AMEX:SPY
by NaughtyPines
Rolling (IRA): QQQ June 25th 300 Short Put to July 2nd 294... for a .04 credit. Comments: Here, a take profit/window dressing roll. Put on for 3.01 (See Post Below), it's at greater than 50% max here. I want to take profit, but reduce risk by rolling the strike a little bit further away from current price, as well as milk the remaining premium out of the play without extending duration a ton. With the July 2nd 294 worth only 1.42 here, I've realized a gain of 3.01 - 1.42 or 1.59 ($159).
NASDAQ:QQQ
by NaughtyPines
Rolling (IRA): IWM May 28th 200 Short Put to June 30th 200... for a 1.64 credit. Notes: With only .48 or so of extrinsic left in it, rolling out the May 28th 200 (See Post Below) to the June 30th 200 (51 days, 16 delta) for a 1.65 credit and a realized gain on this little bit of weakness here. Total credits collected of 3.79 versus a current contract value for the June 30th 200 of 2.16, so I've realized profits of 3.79 minus 2.16 or 1.63 ($163) in this puppy so far. It also happens to be the last May contract I had on, so it doubles as a little bit of a "housekeeping" trade.
AMEX:IWM
by NaughtyPines