Shortput
Opening (Margin): /ES October 21st 2850 Short Put... for a 3.05 credit.
Comments: Targeting the <75% of current price strike paying around 3.00 in credit. 1.525 ($152.50) max on buying power effect of 14.37; 10.6% ROC at max as a function of buying power effect; 5.3% at 50% max. A little longer-dated than I'd like to go, and the 30-day IV isn't as stellar as I'd like, but you can't have your pudding if you don't eat your meat.
Opening (Margin): /ES September 30th 3080 Short Put... for a 3.10 credit.
Comments: Already have a September 30th on at the 3210, but adding a rung here on this weakness, targeting the <75% of current price strike paying around 3.00. 1.55 max on buying power effect of 16.76, 9.2% ROC as a function of buying power effect; 4.6% at 50% max.
Opened (IRA): October 21st 369 Short Put... for a 3.75 credit.
Comments: (Late Post). Back from a long(ish) weekend, I managed to sneak this in around the close with my phone app. Part of a longer-dated strategy targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I now have October 369's, November 340's, December 325's, January 315's, and March 280's in my SPY "ladder."
Opening (IRA): QQQ October 21st 278 Short Put... for a 2.91 credit.
Comments: My weekly broad market short put, targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day IV (which has been the Q's for a bunch of weeks running here).
Opened (IRA): IWM October 21st 170 Short Put... for a 1.78 credit.
Comments: Targeting the <16 strike in the shortest duration paying around 1% of the strike price in credit. This is more of "I need small cap long delta" than "this is a really great place to put on small cap long delta" trade, so probably not the best entry point to do this, although we're getting a little bit of weakness here today.
Opening (Margin): /ES September 30th 3210 Short Put... for a 3.10 credit.
Comments: Targeting the strike that is ~75% of current price and is paying around 3.00 in credit. Will look to add should we get further weakness, higher IV (which isn't so great here at 20.3%).
1.55 max (due to the 50 x multiplier in /ES) on buying power effect of 16.34; 9.5% ROC as a function of buying power at max; 4.7% at 50% max.
Opening (Margin): IWM September 30th 178 Short Put... for a 1.80 credit.
Comments: Not a great place or a great IV environment to be doing this, but looking to offset some of my IWM short delta. Previously, I did a covered call, but I don't need that much long delta here at the moment, so am doing a lower delta out-of-the-money short put and will add at intervals if necessary. Delta/theta 15.18/5.
Opening (IRA): QQQ September 30th 289 Short Put... for a 2.95 credit.
Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day IV to emulate dollar cost averaging into the broad market. Take profit at 50% max or greater and/or roll out for duration and a credit.
This would be more ideally put on in weakness and higher IV, but I'm willing to take some risk while I wait for a better IV environment to present itself.
Rolled (IRA): QQQ September 16th 278 Short Put to October 21st... 268 short put for a 1.23 credit.
Comments: This wasn't quite at 50% max yet, but thought I'd take the opportunity to do some housekeeping since I could realize a gain, strike improve, and receive a credit here by rolling for duration.
Total credits collected of 14.09 (See Post Below) plus the 1.23 here for a total of 15.32 relative to a price of around 2.83 for the October 21st 268, so I've realized gains of 12.49 ($1249) so far.