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.
Shortput
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."
Opened (IRA): QQQ September 2nd 270 Short Put... for a 2.82 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.
As with the IWM short put I put on, this is more of a trade to add back in shorter duration long delta that I stripped off than a "this is a perfect spot to sell a put" sort of trade. I'll look to add at intervals, weakness, and in higher IV, and am fine with taking assignment of shares/selling call against if the market forces me to do that.
Opened (IRA): IWM September 16th 157 Short Put... for a 1.66 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.
This is more of a trade to add back in shorter duration long delta that I stripped off -- since I still have a high short delta IWM long put diagonal on -- than a "this is a perfect spot to sell a put" sort of trade.
Closing (IRA): SPY September 16th 324 Short Put... for a 1.05 debit.
Comments: >50% max take profit. Opened this for a 3.35 credit on weakness/higher IV. (See Post Below). Closing it out here results in a 2.30 ($230) profit.
Closed (IRA): QQQ September 16th 235 Short Put... for an .82 debit.
Comments: Opened this on weakness/high IV for a 2.74 credit. (See Post Below). Taking profit here at >50% max; 1.92 ($192) profit.
Closed (IRA): QQQ August 26th 255 Short Put... for an .80 debit.
Comments: >50% max take profit. Filled this for a 3.06 credit in weakness/high IV. (See Post Below). Closing out here results in a realized gain of 2.26 ($226).
Closed (IRA): IWM August 26th 155 Short Put... for a .55 debit.
Comments: Collected a total of 5.04 in credits with rolls. (See Post Below). Closing out here results in total realized gains of 4.49 ($449). This leaves me with one IWM "rung" on after all the shenanigans -- the September 16th 140. Will look to re-up on weakness/pop in IV such that the <16 delta 45 DTE short put is back is paying >1% of the strike price in credit.
Opened (IRA): SPY October 21st 333 Short Put... for a 3.35 credit.
Comments: Having stripped quite a bit of long delta off and given the fact that I still have short delta hedges on, adding back in some long delta in longer duration, targeting the <16 delta strike paying around 1% of the strike price in credit (since SPY is no longer paying in shorter duration with IV dropping sub-25 here).
Naturally, if we get another pop in volatility, I'll wade back into shorter duration stuff, assuming SPY is paying; otherwise, I'll reserve shorter duration buying power for the other two broad market ETF's that ordinarily have higher IV than SPY -- IWM and QQQ. Alternatively, I'll look to instruments with high correlation with the broad market to dip my toe in (e.g., XLK (.97 3-month SPY correlation) or SMH (.90 3-month SPY correlation).
Rolled (IRA): SPY August 26th 391 Short Put to Sept 16th 376... for a .16 credit.
Comments: Doing a little housekeeping while this is out of the money ... . Collected 12.41 (See Post Below) plus the smidge here for a total of 12.57.
Closed (IRA): SPY August 19th 360 Short Put... for an .82 debit.
Comments: Collected a total of 29.39 in credits via rolling. (See Post Below). Closing out here results in a total realized gain of 28.57 ($2857).
Closed (IRA): QQQ August 26th 250 Short Put... for a .74 debit.
Comments: Opened this for a 2.70 credit on July 11th. (See Post Below). Ten days into the trade, I'm taking profit at >50% max; 1.96 ($196) profit.
Closed (IRA): IWM August 26th 150 Short Put... for a .46 debit.
Comments: Opened this on the 12th of July for a 1.54 credit. (See Post Below). Closing out here after 9 days in the trade at >50% max with 36 days to go. 1.08 ($108) profit.
Closed (IRA): SPY August 19th 350 Short Put... for a 1.62 debit.
Comments: Filled for a 3.65 credit. (See Post Below). Out today for at >50% max; 2.03 ($203) profit.
Closed (IRA): QQQ August 26th 245 Short Put... for a .74 debit.
Comments: Filled this for a 2.50 credit. (See Post Below). Closing it out today at >50% max for .74 with 37 days to go; 1.76 ($176) profit.
Rolled (IRA): QQQ August 19th 292 Short Put to Sept 16th 280... for a .17 credit.
Comments: One of the higher rungs on my QQQ short put ladder. Taking the opportunity here to roll it down and out ... . I've collected 9.43 (See Post Below), plus the smidge of credit here, for a total of 9.60. I don't get much cost basis reduction via credit, but I get 12 strikes of improvement (with the resulting 12.00 ($1200) buying power reduction).
Closed (IRA): IWM August 19th 156 Short Put... for a .58 debit.
Comments: Opened this for a 1.56 credit. (See Post Below). Closed it out today at >50% max to dry out powder for "the next one." .98 ($98) profit.
Closed (IRA): SPY August 19th 347 Short Put... for a 1.17 debit.
Comments: Collected a total of 4.40 with rolls on this one. (See Post Below). Closed it out today for a 3.23 ($323) net profit.
Closed (IRA): SMH August 19th 175 Short Put... for a .63 debit.
Comments: Filled this for 1.76 (See Post Below); out here at >50% max with 31 days to go. 1.13 ($113) profit.
Closed (IRA): QQQ August 19th 258 Short Put... for a 1.25 debit.
Comments: Filled this for a 2.75 credit (See Post Below); out today at >50% max, 1.50 ($150) profit.
Closed (IRA): IWM August 19th 150 Short Put... for a .46 debit.
Comments: Filled for a 1.57 credit (See Post Below); out today for .46; 1.11 ($111) profit.
Closed: /ES August 19th 2100 Short Put... for a .40 debit.
Comments: (Late Post). Put on in that mid-June high IV dip for a 3.50 credit (See Post Below), closed it out on Friday for a .40 debit, freeing up buying power for "the next one." (3.50 - .40)/2 = 1.55 ($155) profit. Still have some August 26th, August 31st, and September 16th on.
