Closed (Margin): /ES January 20th 1800 Short Put... for a 1.50 debit.
Comments: Filled this for a 3.05 credit. (See Post Below). Out here at 50% max with 84 days to go. (3.05 - 1.50)/2 = .775 ($77.50) profit.
Shortput
Closed (IRA): IWM December 16th 145 Short Put... for a .76 debit.
Comments: (Late Post). Collected a total of 2.11 in credits. (See Post Below). Out today for a .76 debit. 1.35 ($135) profit.
This leaves me with two rungs -- the November 18th 163 (currently 14 delta) and the November 18th 173 (currently 33 delta), for a total of 44 long delta. Both of these are hedged off with a long put vertical in IWM (See Post Below), which is currently marking at -74 delta. I'll be rolling out the short leg of the diagonal tomorrow, which will decrease the short delta slightly, after which I will look to see whether I should add back in IWM long delta to make sure that I'm not too short/directional in this position. (33 long - 74 short = -41 delta). As part of this consideration, I also need to look at my portfolio delta as a whole to see whether it's okay to keep the IWM position net delta short, since it enjoys a close correlation with SPY (.95 3-month).
Since it kind of drives me slightly bonkers to leave positions skewed out (regardless of whether they can do double duty as a closely correlated broad market hedge), I'll probably end up adding some long delta back in.
Closed (Margin): /ES January 20th 1700 Short Put... for a 1.50 debit.
Comments: Hit 50% max as I was writing a post about two rungs I added last night. Lol. Opened this for 3.00 (See Post Below); out here for 1.50 with 86 days to go. (3.00 - 1.50)/2 - .75 ($75) profit.
Opened (Margin): /ES April 21st 1300 Short Put... for a 3.05 credit.
Comments: (Late Post). Added this rung on 10/25. Will look to add additional rungs in weakness if I can potentially get in at better strikes than what I currently have on or if something falls off at 50% max.
Opened (Margin): /ES March 17th 1500 Short Put... for a 3.10 credit.
Comments: (Late Post). Opened this on 10/25. Max profit of 3.10/2 or 1.55 on buying power of 12.66. 12.2% ROC at max as a function of buying power effect; 6.1% at 50% max. 31.4% ROC annualized at max; 15.7% annualized at 50% max.
Closed (IRA): SPY March 30th 230 Short Put... for a 1.23 debit.
Comments: Opened this for a 2.41 credit as part of a Jan/Feb/March short put ladder. (See Post Below). Out here at just a smidge shy of 50% max. 2.41 - 1.23 = 1.18 ($118) profit.
Closing (IRA): SPY December 16th 320 Short Put... for a 1.64 debit.
Comments: Filled this for 3.41 (See Post Below) as part of a multi-leg short put ladder. Out here at a smidge greater than 50% max. 3.41 - 1.64 = 1.77 ($177) profit.
Closed (Margin): QQQ December 16th 230 Short Put... for a 1.51 debit.
Comments: This isn't at 50% max, but I'll take 1.09 ($109) profit for one day's "work" any time. Filled for a 2.60 credit. (See Post Below). Out here for 1.51. 1.09/$109 profit.
Closing (IRA): SPY Dec 16th 315/Jan 20th 280/Feb 17th 250... short puts.
Comments: I closed out these legs individually, but am posting them here together to save time.
The December 16th 315, opened for a 3.16 credit, closed for a 1.44 debit. 1.72 ($172) profit. (A standalone one-rung).
The January 20th 280, opened for a 2.96 credit, closed for a 1.42 debit. 1.54 ($154) profit. (Part of a three rung short put ladder).
The February 17th 250, opened for a 2.58 credit, closed for a 1.26 debit. 1.32 ($132) profit. (Part of a three rung short put ladder).
Closing (IRA): SPY January 20th 270 Short Put... for 1.28 debit.
Comments: Opened this for a 2.72 credit as part of a short put ladder. (See Post Below). Closing here at slightly greater than 50% max with 87 days to go. 1.44 ($144) profit.
Closed (IRA): QQQ November 25th 235 Short Put... for a .96 debit.
Comments: Opened this for a 2.80 credit. (See Post Below). Closing here for .96; 1.84 ($184) profit with 31 days to go.
Opening (Margin): /GC December 27th 1400 Short Put... for a 1.50 credit.
Comments: Gold remains relative weak here, so re-upping with a small bullish assumption, far out-of-the-money short put at pandemic lows. 1.50 ($150) credit on buying power effect of 11.92 ($1192). 12.6% ROC at max; 6.3% at 50% max as a function of buying power effect. 71.2% annualized at max; 35.9% at 50% max.
Will look to take profit at 50% max.
Closed: /ES December 30th 1900 Short Put... for a 1.65 debit.
Comments: Opened this for a 3.15 credit. (See Post Below). Out here for (3.15 - 1.65)/2 = .75 ($75) profit with 67 days to go.
Closed (Margin): /ES January 16th 1600 Short Put... for a 1.70 debit.
Comments: Opened this for a 3.20 credit on 10/14. (See Post Below). Out here for a 1.70 debit, .10 short of 50% max with 88 days to go. (3.20 - 1.70)/2 = .75/$75 profit.
Closed (IRA): SPY November 18th 340 Short Put... for a 1.83 debit.
Comments: Calling it "close enough." Filled this for a 3.50 credit. (See Post Below). Out here for .08 shy of 50% max. 1.67 ($167) profit.
Rolling (IRA): IWM November 18th 152 Short Put to December 16th... 145 for a .58 credit.
Comments: With the 152 nearly at 50% max, rolling down and out to the strike paying around 1% of the strike price in credit. Total credits collected of 1.53 (See Post Below), plus the .58 here, for a total of 2.11. Realizing a gain, reducing risk, reducing buying power, and improving my break even all in one swoop ... .
Opening (IRA): QQQ December 16th 230 Short Put... for a 2.60 credit.
Comments: I didn't do my usual Friday short put in all that strength we had at mopex, so doing one here in this little bit of weakness.
Opening (IRA): HYG November 18th 69 Short Put... for a .42/contract credit.
Comments: Targeting the strike paying around what the distribution would be were I to actually be holding shares. The last distribution was .351 per share; 5.19% annualized.
Closed (IRA): QQQ December 2nd 225 Short Put... for a 1.18 debit.
Comments: Filled this for a 2.37 credit. (See Post Below). Out here at 50% max; 1.19 ($119) profit for ten days' "work."
Closed (Margin): /ES December 16th 2100 Short Put... for a 1.55 debit.
Comments: Opened this for a 3.40 credit. (See Post Below). Out here for >50% max. (3.40 - 1.55)/2 = .925/$92.50 profit.
Opened (Margin): /ES February 17th 1600 Short Put... for a 3.15 credit.
Comments: Kind of a starter position for 2023, to which I'll potentially add if I get an opportunity at better strikes. $157.50 max on BPE of $1275; 12.4% ROC at max as a function of BPE; 6.2% at 50% max/19.5% annualized.
Closing (IRA): SPY December 16th 300 Short Put... for a 1.48 debit.
Comments: Filled this for 3.05 as part of a three leg short put ladder. (See Post Below). Out here for about 50% of max. 1.57 ($157) profit.
Closed (IRA): EFA October 21st 58 Short Puts... for a .15/contract debit.
Comments: Filled for a .65/contract credit. (See Post Below). Closing out here for a .15/contract debit. .50 ($50) profit per contract.
