Closed (IRA): SPY September 16th 376 Short Put... for a 1.47 debit.
Comments: (Late Post). The highest of my remaining SPY short put rungs, for which I collected a total of 12.57 in credits. (See Post Below). Total realized gains: 11.10 ($1110).
Shortput
Closed (IRA): QQQ September 16th 280 Short Put... for a 1.13 debit.
Comments: (Late Post). Rolled this a few times, collecting a total of 9.60 in credit. (See Post Below). Closed it out today for 1.13, resulting in a total realized profit of 8.47 ($847).
Opening (IRA): SPY October 21st 362 Short Put... for a 3.70 credit.
Comments: Part of a longer-dated strategy to emulate dollar cost-averaging into the broad market, targeting the <16 delta strike the shortest duration expiry paying around 1% of the strike price in credit.
Opening (IRA): QQQ September 23rd 285 Short Put... for a 2.93 credit.
Comments: Selling premium in the broad market exchange-traded fund having the highest 30-day IV, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit.
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.
Closed (IRA): SPY October 21st 333 Short Put... for a 1.67 debit.
Comments: Taking profit at 50% max. Put this on for 3.35 credit (See Post Below). 1.68 ($168) profit.
Closed (IRA): SPY September 16th 365 Short Put... for a 1.80 debit.
Comments: Had been rolling this one for a bit, collecting a total of 12.17. (See Post Below). Bailing here results in a total realized gain of 10.37 ($1037). Still have September 376's, October 333's, and November 18th 340's on.
Rolling (IRA): QQQ August 26th 316 Short Put to October 300... for a 1.08 credit.
Comments: (Late Post). Been rolling this for a while. Total credits collected of 9.38 (See Post Below) plus the 1.08 here for a total of 10.46.
I would rather stay in an options contract versus taking on stock, since you can strike improve an option. Another lesson here is that you'll find it easier to roll for more substantial strike improvement if your option is less monied. Consequently, I took the opportunity to roll here with QQQ price whipping up (at one point in Friday's session) -- to 316.39. Naturally, this doesn't mean that the 300 will expire worthless or otherwise be profitable; it does mean, however, that my cost basis will be lower than it was with the strike at the 316.
Opening (IRA): SPY November 18th 340 Short Put... for a 3.50 credit.
Comments: Part of a longer duration premium selling strategy in SPY when shorter duration isn't paying. Here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I'll naturally return to shorter duration stuff if we get weakness and higher IV.
Closed (IRA): QQQ September 16th 262 Short Put... for a 1.34 debit.
Comments: Filled this for a 2.66 credit. (See Post Below). Out here a .01 shy of 50% max. 1.32 ($132) profit. Still have a couple straggler rungs on in the August 26th, September 16th contracts.
Closed (IRA): IWM September 16th 157 Short Put... for a .76 debit.
Comments: In for a 1.66 credit (See Post Below); out here at >50% max; .90 ($90) profit.
Closed (IRA): SPY September 16th 356 Short Put... for a 1.77 debit.
Comments: Opened this for a 3.65 credit. (See Post Below). Closing out here at >50% max. 1.88 ($188) profit.
Closed (IRA): QQQ September 2nd 270 Short Put... for a 1.30 debit.
Comments: Opened this for a mere week ago for a 2.82 credit. (See Post Below). Closing out here at >50% max; 1.52 ($152) profit.
Closed (Margin): /ES September 16th 2250 Short Put... for a .55 debit.
Comments: Opened this one for 3.00 (See Post Below). Out here for .55. (3.00 - .55)/2 = 1.225 ($122.50) profit with 50 days to go. Sadly, this was my last rung, but will re-up if we get weakness, higher IV.
Closed (IRA): QQQ September 16th 256 Short Put... for a 1.25 debit.
Comments: Opened this two days ago for a 2.62 credit. (See Post Below). Out today at >50% max for 1.25; 1.37 ($137) profit. Will naturally re-up when we get some red ... .
Closed (Margin): /ES August 31st 2550 Short Put... for a .60 debit.
Comments: Opened for a 3.10 credit (See Post Below); out here for .60. (3.10 - 60)/2 = 1.25 ($125) profit.
Closed (Margin): /ES August 26th 2600 Short Put... for a .50 debit.
Comments: Filled for 3.10 (See Post Below); out here for .50. (3.10 - .50)/2 = 1.30 ($130) profit. Still have August 31st 2550's and September 16th 2250's on ... . Will re-up on weakness/higher IV.
Closed (Margin): /ES August 26th 2700 Short Put... for a .65 debit.
Comments: In for a 3.05 credit (See Post Below); out here for a .65 debit. (3.05 - .65)/2 = 1.20 ($120) profit.
Closed (IRA): IWM September 16th 140 Short Put... for a .39 debit.
Comments: Opened this for 1.68. (See Post Below). Out today at greater than 50% max. 1.29 ($129) profit.
Opened (IRA): QQQ September 16th 256 Short Put... for a 2.62 credit.
Comments: Adding long delta on weakness/higher IV. Targeting the <16 delta strike in the shortest duration contract paying around 1% of the strike price in credit.
Closed (IRA): SPY September 16th 332 Short Put... for a 1.29 debit.
Comments: Filled this for a 3.40 credit (See Post Below). Took it off today at >50% max with 53 days to go. 2.11 ($211) profit.
Opened (IRA): QQQ September 16th 262 Short Put... for a 2.66 credit.
Comments: Targeting the <16 strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opened (IRA): SPY September 16th 356 Short Put... for a 3.65 credit.
Comments: Targeting the <16 strike in the shortest duration that is paying around 1% of the strike price in credit in this weakness and comparatively higher IV.
And just this morning I was thinking, "Ugh, I'm going to have to go out to October with SPY to get paid."
