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.
Shortput
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): 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: /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.
Rolling (IRA): QQQ July 29th 294 Short Put to September 16th 278... for a .54 credit.
Comments: (Late Post). This one ... I've been rolling for "a bit." Total credits collected of 13.55 (See Post Below) plus the .54 here for a total of 14.09. Rolled it out partly on this strength here and partly because this was my last setup in July in the IRA, so that I could say that "I am now out of July."
Closed (IRA): SPY August 19th 338 Short Put... for a 1.16 debit.
Comments: (Late Post). Opened this for a 3.45 credit. (See Post Below). Closed it out on Friday for 1.16; 2.29 ($229) profit. Will look to replace some of the long delta I took off on Friday in the coming days, assuming we get some weakness, higher IV.