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Shortput

Opening (IRA): TLT July 19th 83/August 16th 83 Short PutsComments: Getting in at strikes better than what I currently have on in July and August. July 19th 83: Filled for an .85 credit August 16th 83: Filled for a 1.11 credit I'm fine with potentially getting assigned with shares at 83, since they're way below the cost basis of the covered calls I currently have on. I knew this might end up being a very, very long duration trade that would potentially take time to work out, but ... yeesh, the weakness. Will look to roll out the most at risk strikes I've got in July (at the 86) and August (at the 85) at some point ... .
NASDAQ:TLTLong
by NaughtyPines
Opening (IRA): TQQQ June 21st 52 Short Put... for a 2.49 credit. Comments: Adding to my TQQQ position on weakness ... . This is a bit longer-dated than I like to go with shorter duration premium selling, which I like to keep in that 45 DTE wheelhouse, but May has now only 35 days in it, and I like to stick to monthlies in all but the most options liquid underlyings. Will generally look to take profit at 50% max. I'm fine with being assigned, then proceeding to sell call against if that occurs. Metrics: BPE/Break Even: 49.51 Max Profit: 2.49 ($249) ROC at Max Profit: 5.03% ROC at 50% Max: 2.51% Delta/Theta: 24.36/3.37
NASDAQ:TQQQLong
by NaughtyPines
Opening (IRA): IWM July 19th 190 Short Put... for a 2.33 credit. Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. (This is actually at the 18 delta, but it was either the 190 or the 185 where I wanted to pitch my tent from a delta standpoint). Starting to slowly deploy third quarter rungs here in broad market (IWM, QQQ, SPY) while I piddle around with shorter duration higher IV sector ETF stuff.
AMEX:IWMLong
by NaughtyPines
Opened (IRA): IWM June/July 182/180 Short PutsComments: Added at strikes better than what I currently have on in weakness, targeting the <16 delta strikes in the respective expiries paying around 1% of the strike price in credit to emulate dollar cost averaging into the small cap ETF. June 21st 182: Filled for 1.89 July 19th 180: Filled for 2.22 I also briefly looked at QQQ and SPY, but couldn't get in at strikes better than what I currently have on, so am leaving those positions alone for now.
AMEX:IWMLong
by NaughtyPines
Opening (IRA): XBI June 21st 82 Short Put... for a 1.90 credit. Comments: Selling a put here, since the resulting cost basis if assigned shares would be lower than the cost basis of the position I've currently got on now. The full position is now a June 21st 82/88 covered strangle (i.e., short put, stock, short call). Will look to take profit at 50% max. Metrics: Buying Power Effect/Break Even/Cost Basis in Shares if Assigned: 80.10 ROC at Max as a Function of Buying Power Effect: 2.37% ROC at 50% Max as a Function of Buying Power Effect: 1.19% Delta/Theta: 23.36/2.42
AMEX:XBILong
by NaughtyPines