Closed: /ES June 30th 2500 Short Put... for a .50 debit.
Comments: Filled for 3.10 (See Post Below). Out here for a .50 debit; (3.10 - .50)/2 = 1.30 ($130) profit.
Shortput
Opened (IRA): QQQ July 15th 266 Short Put... for a 2.72 credit.
Comments: I can either increase size or increase frequency ... . (There's probably a joke in there somewhere). Going with an increase in frequency, targeting the <16 delta strike in the expiry nearest 45 DTE paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Rolling (IRA): SPY June 17th 370 Short Put to August 19th 340... for a 2.31 credit.
Comments: Part of a longer-dated strategy to emulate dollar cost averaging into the broad market. With the June 17th 370 at greater than 50% max, rolling it out to the <16 delta strike in shortest duration monthly paying at least 1% of the strike price in credit. Credits collected of 3.65 (See Post Below), plus the 2.31 here equals 5.96 relative to a short put value for the August 340 of 3.48, so I've realized gains of around 2.48 ($248) so far.
I considered rolling out to July, but still have rungs on in that expiry that I don't want to step on, so rolling out for longer duration here is more of a practical thing than a mechanical thing.
Closing (IRA): QQQ June 30th 235 Short Put... for a .47 debit.
Comments: More short put ladder housekeeping ... . Filled for a 2.45 credit (See Post Below); out here for .47, 1.98 ($198) profit.
Closing (IRA): QQQ June 24th 255 Short Put... for an .82 debit.
Comments: Cleaning up a kind of messy short put ladder a bit ... . Filled for a 2.26 credit, (See Post Below), out for .82 here; 1.44 ($144) profit.
Rolling (IRA): QQQ June 17th 265 Short Put to July 8th 267... for a 1.80 credit.
Comments: With the June 17th 265 at >50% max (finally), rolling it out to <16 delta strike in the expiry nearest 45 days until expiry paying around 1% of the strike price in credit. Collected 3.00 (See Post Below) plus the 1.80 here, for a total of 4.80 in credit.
Rolling (IRA): IWM July 1st 154 Short Put to July 8th 164... for a 1.04 credit.
Comments: With the July 1st 154 at greater than 50% max, rolling it out to the <16 delta strike in the expiry nearest 45 days paying at least 1% of the strike price in credit. Total credits collected of 1.64 (See Post Below) plus the 1.04 here, for a total of 2.68.
Closing: /ES June 24th 2950 Short Put... for a 1.40 debit.
Comments: In for 3.25 (See Post Below), out here for 1.40. Net profit of (3.25 - 1.40)/2 = .925 ($92.50). Still have the June 30th 2500's and July 15th 2200's on.
Closing: /ES June 17th 2950 Short Put... for an .85 debit.
Comments: In for 3.20, (See Post Below), out for .85 today. (3.20 - .85)/2 = 1.175 ($117.50) profit.
Opened: /ES July 17th 2200 Short Put... for a 3.05 credit.
Comments: Another late post I was unable to get to yesterday ... . I'm doing a few of these far out-of-the-money short puts in /ES as an engagement trade while I wait for the July mopex to come into the 45 days until expiry wheelhouse (it's currently 55 days out) for my general go-to setup (short strangles).
Closing: EWZ June 17th 27 Short Puts... for .18/contract debit.
Comments: A little bounce, a little volatility contraction ... . In for a .71/contract credit (See Post Below); out for .18 here with 28 days to go. .53 ($53) profit/contract.
Opening (IRA): QQQ July 1st 250 Short Put... for a 2.52 credit.
Comments: Targeting the <16 delta strike in the expiry nearest 45 days paying at least 1% of the strike price in credit in the highest 30-day, broad market exchange traded fund on the board.
Rolling (IRA): QQQ May 27th 305 Short Put to July 1st 301... for a 3.30 credit.
Comments: Gotta roll, gotta roll, gotta roll. Rolling to the expiry/strike nearest 45 days paying around 1% of the strike price in credit. 6.50 collected so far with a cost basis of the short put strike (301) minus total credits collected (6.50) or 294.50 relative to where QQQ is currently trading at around 291.
Opening (IRA): IWM July 1st 154 Short Put... for a 1.64 credit.
Comments: Keeping on keeping on ... . I don't have much IWM on, so am selling something new in the July 1st expiry, targeting the <16 delta strike that is paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Rolling (IRA): IWM May 27th 183 Short Put to July 1st 179... for a 1.72 credit.
Comments: Staying mechanical and rolling to the strike nearest 45 days until expiry for a credit that is about 1% of the strike price. Total credits collected of 8.54. Although it's in-the-money, my cost basis is now the short put strike (179) minus total credits collected (8.54) or 170.46 relative to where it's currently trading at 176.40.
Opening: /ES June 30th 2500 Short Put... for a 3.10 credit.
Comments: And here we go again. Adding a rung on weakness ... . Have the June 17th 2950's, the June 24th 2950's, and now the June 30th 2500's.
Opening: /ES June 24th 2950 Short Put... for a 3.25 credit.
Comments: Adding another rung around 75% out-of-the-money, 39 days until expiry.
Opening: /ES June 17th 2950 Short Put... for a 3.20 credit.
Comments: Back into /ES far out-of-the-money short put here, after exiting all the rungs of my /ES short put ladder at the end of last week. Since delta value isn't very informative (my platform is showing this as a .01 delta strike, which isn't particularly helpful), I'm targeting the strike that is paying around 75% of the current price of /ES in the shortest duration that is paying 3.00 or so.
Closing: /ES June 17th 2400 Short Put... for a .95 debit.
Comments: In for 3.35 (See Post Below); out for .95 here. (3.35 - .95)/2 = 1.20 ($120) profit. Out of the last rung of my /ES short put ladder on this up move/volatility crush.
Closing: /ES June 10th 2800 Short Put... for a 1.45 debit.
Comments: Filled for 3.25 (See Post Below); out for 1.45 here. (3.25 - 1.45)/2 = .90/$90 profit.
Closing: /ES June 3rd 2900 Short Put... for 1.00 debit.
Comments: In for 3.40 (See Post Below), out here for 1.00. (3.40 - 1.00)/2 = 1.20 ($120) profit.
Closed: /ES May 27th 3200 Short Put... for a 1.90 debit.
Comments: Taking a smidge of risk/long delta off here. Filled for a 3.00 credit (See Post Below); closing out here with 15 days to go. (3.00-1.90)/2 = .55/$55 profit. Still have the June 3rd 2900, June 10th 2800, and June 17th 2500's on.
Opening: /ES June 10th 2800 Short Put... for a 3.25 credit.
Comments: Another dorky, way out of the money, small engagement trade while I wait on June opex setups. As previously noted, this routes for a 3.25 credit, but max profit is only half that or 1.625 ($162.50).
