Opening (Margin): /ES May 19th 1800 Short Put... for a 2.95 credit.
Comments: Adding a short put rung back in, targeting the <50% of current price strike paying around 3.00 in credit.
Shortput
Opened (Margin): /ES May 31st 1700 Short Put... for a 3.30 credit.
Comments: Opening another short put rung on weakness ... .
Opening (Margin): /ES April 21st 2100 Short Put... for a 3.55 credit.
Comments: After having closed the March 31st 2000 short put for a small profit, adding back in a rung to delta balance, which I get nearly buying power free.
Opening (Margin): /MCL March 16th 55 Short Put... for a .50 credit.
Comments: My position has skewed out to delta/theta >1.0, so I looked at doing a small adjustment here.
My options were: (a) take off profitable short delta (there isn't any at the moment); (b) add a skewed strangle as I did before; (c) roll up a profitable short put; or (d) sell a brand new put. I was looking to pick up around +6 delta or so, so opted for (c), but had to go out to March to get paid something decent for a 6 delta strike (although .50 isn't "fabulous"). This also happened to be buying power free and actually freed up a smidge (we're talking like $15, so nothing to really "whoo-hoo" about).
I've collected a total of 4.11 in credits and will look to unwind the whole shebang in profit (preferably, at 50% max).
Opening (Margin): /ES May 19th 1700 Short Put... for a 3.20 credit.
Comments: Adding back in a rung nearly buying power free. Will look to add in shorter-dated rungs, assuming I can do them at strikes lower than what I've currently got on for the around 3.00 in credit I've been looking to get out of these.
Opening (Margin): /CL March 16th 37 Short Put... for a 1.60 credit.
Comments: Selling /CL premium on weakness, but giving myself plenty of room to be wrong, targeting the strike that is 50% of current price that has an ROC metric of >10%. 1.60 credit on buying power effect of 9.71. 16.5% ROC as a function of buying power effect; 8.2% at 50% max.
Opening (Margin): /ES April 28th 1800 Short Put... for a 3.00 credit.
Comments: After having taken off my most-at risk strike in the February 28th expiry at the 2200 strike, adding back in a rung in longer duration, but lower down the ladder ... and virtually buying power free due to the size of the short delta in my one short call relative to the long delta in my short puts.
Opening (Margin): /ES April 21st 1900 Short Put... for a 3.45 credit.
Comments: An additive long delta trade that I get nearly buying power free due to /ES position net delta, now targeting the 50% of current price strike for around 3.00 in credit. As usual, will generally look to take profit at 50% max, but won't hesitate to take more at-risk strikes off for less with the current most at-risk strike being the February 28th 2200.
Opening (Margin): /ES March 31st 2000 Short Put... for a 3.00 credit.
Comments: After adjustment of the short delta aspect of this setup, getting this long delta additive trade nearly buying power free ... . As before, targeting the <75% of current price strike paying around 3.00 in credit.
Opening (IRA): IWM February 17th 155 Short Put... for a 1.62 credit.
Comments: Squeezing in some rungs where I can, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit.
Opening (Margin): /ES March 17th 2000 Short Put... for a 3.30 credit.
Comments: After taking off my most at-risk strike at 50% max, doing an additive long delta rung here, which I get for fairly cheap from a buying power standpoint. 1.65 max on BPE of 3.19.
Rolling (IRA): QQQ Nov 18th 278 Short Put to Dec 30th 269... for a 2.91 credit.
Comments: Wouldn't it be nice if I could get out of the last of these trouble-makers by year end? Total credits collected of 5.70 (See Post Below) plus the 2.91 here for a total of 8.61.
Opening (Margin): /ES February 28th 2200 Short Put... for a 3.40 credit.
Comments: Getting this additive long delta adjustment trade nearly buying power free -- for <.70.
Rolling (IRA): QQQ October 7th 285 Short Put to December 16th... 275 for a 2.71 credit.
Comments: With a week to go, rolling down and out. Total credits collected of 2.99 (See Post Below), plus the 2.71 here for 5.70.
Opening (Margin): /CL February 15th 40 Short Put... for a 1.70 credit.
Comments: Taking a small, far out-of-the-money trade on weakness here, targeting the strike paying around 10% of buying power effect in credit. 1.70 credit on BPE of 16.32; 10.4% ROC at max; 5.2% ROC at 50% max as a function of buying power effect.
Opening (IRA): SPY June 16th 230 Short Put... for a 2.31 credit.
Comments: Part of a longer-dated strategy in SPY targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will generally look to roll at 50% max, whenever that occurs.
Naturally, I'll deploy into shorter duration if we get weakness plus a higher implied volatility environment.
Opening (IRA): SPY January 20th 356 Short Put... for a 3.70 credit.
Comments: A 2023 starter position, targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): QQQ January 20th 244 Short Put... for a 2.50 credit.
Comments: Starting to deploy a smidge into the new year, targeting the <16 delta strike paying around 1% of the strike price in credit.
Rolling (IRA): QQQ Nov 18th 273 to Dec 23rd 264... for a 2.77 credit.
Comments: Total credits collected of 5.94 (See Post Below) plus the 2.77 here for a total of 8.71.
Opening (IRA): IWM January 20th 160 Short Put... for a 1.67 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit. Not exactly "ideal" conditions of higher IV/weakness, but haven't got much left on ... .
Opening (Margin): EWZ January 20th 25 Short Puts... for a .95/contract credit.
Comments: High IVR/IV at 79/58. .95 credit on buying power effect of 2.52. 37.7% ROC at max, 218.4% annualized; 18.8% at 50% max, 109.2% annualized. Will generally look to take profit at 50% max.
Opened (Margin): /ES February 17th 2200 Short Put... for a 3.20 credit.
Comments: SPAN margin lets you do weird things on occasion. Added this rung nearly buying power free Thursday night, probably because the SPAN margin calculation evaluated the risk of this addition and thought that it increased my "holistic" or "global" risk only marginally (the BPE was < the credit received).
Rolling (IRA): HYG November 18th 69 to December 16th 69... for a .35/contract credit.
Comments: With the November 18th 69 converging on .10, rolling it out for a credit about equal to the monthly dividend. Total credits collected of .42 (See Post Below) plus the .35 here for .77 ($77) per contract.
