Opening (Margin): /MES February 28th 3870 Short Put... for a 32.50 credit.
Comments: After taking off a lower delta'd short put leg in profit, replacing it here with a short put with a strike that cuts my net delta in half or so.
Shortput
Closed (Margin): /MES February 28th 3740 Short Put... for a 15.75 debit.
Comments: Filled this leg for a 24.25 credit. Closing it out here results in a realized gain of (24.25 - 15.75)/.2 = $42.50. I'll replace it with an appropriately delta'd short put higher up the ladder in a minute here ... .
Assignment (Margin): NVDA 160 Short PutComments:
Total credits collected/realized gain of 11.56 ($1156), with the difference between 160 and current price (125.66) an unrealized loss.
Will look to sell call against on Monday with a starting cost basis of 160.00/share, as well as potentially covered strangle (short put + stock + short call). Unlike my QQQ 300 covered call (See Post Below), this one is on margin, where being in stock becomes a buying power hog relative to being in an options contract, so the motivation may look to exit at the earliest possible juncture for a scratch, rather than hang out in it endlessly. That being said, both NVDA and AMD are kind of "premium seller faves," since 30-day IV is decent a lot of the time.
I'll start out selling 160 calls against and then proceed to roll those mechanically at monthly opex so long as my cost basis remains above current price.
Opening (Margin): /MES February 28th 3890, 3925, 3940, 3960... short puts.
Comments: Replacing the short puts I stripped off in profit to delta balance what is now the -27, -31, -33, and -36 delta calls. The remaining -42 delta short call at the 4080 is only partially hedged, so position net delta still leans short.
Opened the February 28th 3890 for a 41.00 credit.
Opened the February 28th 3925 for a 49.25 credit.
Opened the February 28th 3940 for a 53.25 credit.
Opened the February 28th 3960 for a 59.25 credit.
Closed (Margin): /MES February 28th 3620, 3700, 3760, 3770 ... short puts.
Comments:
Filled the 3620 for a 18.00 credit; closed it here for a 10.25 debit. (18.00 - 10.25)/.2 = $38.75 profit.
Filled the 3700 for a 22.00 credit; closed it for a 15.25 debit. (22.00 - 15.25)/.2 = $33.75 profit.
Filled the 3760 for a 31.25 credit; closed it for a 20.75 debit. (31.25 - 20.75)/.2 = $52.50 profit.
Filled the 3770 for a 28.25 credit; closed it for a 22.00 debit. (28.25 - 22.00)/.2 = $31.25 profit.
Will re-erect short puts to delta balance ... .
Rolling (IRA): QQQ January 20th 260 to March 31st 246 Short Put... for a 2.65 credit.
Comments: My most at-risk QQQ short put ... . Rolling it down and out to the quarterly. Collected 2.69 (See Post Below) plus the 2.65 here for a total of 5.34.
Rolling (IRA): IWM January 20th 169 Short Put to March 31st 159... for a 1.62 credit.
Comments: My most at risk short put strike in the small caps ETF ... . Rolling it down and out to the quarterly. Collected 1.75 (See Post Below) plus the 1.62 here for a total of 3.37.
Opening (Margin): /MES February 28th 3760 Short Put... for a 31.25 credit.
Comments: An additive long delta adjustment trade here, selling the +20 delta put. Net position still leans slightly short.
Closing (Margin): /MCL February 15th 67 Short Put... for a .27 debit.
Comments: Since I've exited the position that this leg was providing a little long delta assist to, closing it out here for a small winner. Filled for a .54 credit; out here for a .27 debit. .27 ($27) profit. I'm now all out in the March cycle which, for the moment, is net delta flat to slightly short.
Opening (Margin): /MCL February 15th 77 Short Put... for a 2.13 credit.
Comments: An additive delta adjustment trade, which is a functional roll-up of what was my 74.5 short put. At this point, I'm fine with taking a loss on this very narrow short strangle, so long as I'm net up for the cycle on my /MCL trades, but would naturally prefer to scratch it out. Still keeping on the 67 short put for the moment, as it's providing a smidge of long delta.
Closed (Margin): /MCL February 15th 74.5 Short Put... for a 1.48 debit.
Comments: Doing a functional roll up with this leg, which I got paid 1.76 in credit for. I'm first closing this leg out for a .28 ($28) realized gain and then will re-erect a "delta appropriate" short put higher up the strike ladder to delta balance against my 84 short call.
Opened (Margin): /MCL February 15th 74.5 Short Put... for a 1.75 credit.
Comments: Long delta additive adjustment. Functionally rolling up the 71 put that I just closed out for a profit.
Closed (Margin): /MES February 15th 71 Short Put... for a 1.02 debit.
Comments: Opened for a 1.63 credit; closing this leg here results in a .61 ($61) profit.
Opening (Margin): /MCL February 15th 67 Short Put... for a .54 credit.
Comments: An additive long delta adjustment trade, selling the +10 delta put. February position still leans a smidge short here with 33 days to go.
I'm indicating that this is "long" here because the delta of the position is long, not because I think oil goes up from here.
Opening (IRA): IWM Jan/Feb/March 169/160/155 Short PutComments: Laddering out here on weakness ... .
January 20th 169: 1.75 credit.
February 17th 160: 1.68 credit.
March 17th 155: 1.89 credit.
The weakness isn't "ideal" here, but I am relatively flat, so need to get theta out there and grinding. Will look to add at intervals over time.
Opening (Margin): /MCL February 15th 73 Short Put... for a 2.20 credit.
Comments: Selling a 30 delta put against my 30 delta call at the 84 strike to replace the short put I took off earlier.
Closed (Margin): /MCL February 15th 68 Short Put... for a 1.03 debit.
Comments: Opened this leg for a 1.68 credit; closing out here for 1.03 results in a .65 ($65) realized gain.
Closed (Margin): /MES Feb 17th 3690 and 3800 Short PutsComments:
I received a 36.50 credit for the 3690 and closed it for 23.50, resulting in a (36.50 - 23.50)/20 = $65 profit.
I received a 52.00 credit for the 3800 and closed it for 42.25, resulting in a (52.00 - 42.25)/20 = $48.75 profit.
Closing (Margin): /MES March 17th 3410 Short Put... for a 17.50 debit.
Comments: More housekeeping ... . Filled this for a 22.00 credit as an additive delta adjustment trade. Out here for a 17.50 debit with the result being a small winner -- (22.00 - 17.50)/20 = .2250 ($22.50).
Now everything is tidied up and confined to the February 17th expiry, with the position's net delta leaning slightly short.
Closing (Margin): /MES February 28th 3550/4210 Short Strangle... for a 35.50 debit.
Comments: And now ... totally out of the February 28th expiry for a small winner. The 3550 leg was worth 23.00, the 4210 worth 16.50, for a total of 39.50. Closing it out here for 35.50 results in a (39.50 - 35.50)/20 = .20 ($20) gain. Nice to be able to make a little money on what started out as a mistake ... .
Opening (Margin): /MES February 17th 3800 Short Put... for a 52.00 credit.
Comments: The final step in fixing a flub I made yesterday ... . Now selling a put against in the correct expiry.
Closed (Margin): /MES February 28th 3720 Short Put... for a 42.25 debit.
Comments: Cleaning up a mistake made yesterday, which was an additive delta balancing adjustment in the wrong expiry. Closing out the "odd man out" here ... . This leg was filled for 52.25. Closing it out here for 42.25 results in a (52.25 - 42.25)/20 = .50 ($50) gain. I'll replace it shortly with a short put in the correct expiry ... .
Opening (Margin): /MES February 28th 3550 Short Put... for a 23.00 credit.
Comments: Now selling a correspondent short put in the February 28th expiry to replace the delta of the one I took off in February 17th due to selling an additive delta adjustment short strangle in the wrong expiry. 23.00/.20 = 1.15 ($115) credit for this leg.
Probably would've been easier to just close out my error and re-do it in the correct expiry ... .
