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Shortput

Opened (IRA): QQQ June 17th 265 Short Put... for a 3.00 credit. Comments: Filled toward the close, targeting the <16 delta strike in the expiry nearest 45 days until expiry paying at least 1% of the strike price in credit in the broad market exchange-traded fund with the highest 30-day IV. Some of the rungs of this "ladder" are currently in the money, so can contemplate taking on shares/selling call against or rolling them out in time, but we'll deal with each rung in turn as we get to them.
NASDAQ:QQQLong
by NaughtyPines
1
Rolled (IRA): IWM May 6th 185 Short Put to May 27th 183... for a 1.05 credit. Comments: 50% max roll to the <16 delta strike in the expiry nearest 45 days that is paying around 1% of the strike price in credit. Total credits collected of 5.77 (See Post below) plus the 1.05 here for a total of 6.82 versus the 1.86 or so the 183 was paying, so I've realized gains of 4.96 ($496) so far. The May 27th 16 delta is just barely paying 1%; otherwise, I probably would have done a "window dressing roll" from the 185 to the May 27th 175 for a small credit to milk the remaining extrinsic out of the option while reducing risk (since it's farther out-of-the-money) and buying power effect (since it would've been a lower strike).
AMEX:IWMLong
by NaughtyPines
Rolling (IRA): SPY May 20th 365 Short Put to June 17th 393... for a 3.08 credit. Comments: Cleaning up the remainder of my short put ladder a bit after closing out or rolling a bunch of stuff in April expiries. With the May 20th 365 only worth .83 (i.e., way greater than 50% max), rolling it out to June. Total credits collected of 23.91 (See Post Below) plus the 3.08 here for a total of 26.99 relative to the June 393 short put price of 3.94 or so, so I've locked in gains of about 23.05 ($2305) so far. I'll return to selling shorter duration stuff of around 45 days' duration if <16 delta strikes start paying again. Currently, the strike paying around 1% of the strike price in credit is at the 420, paying 4.24, and that's at the 19 delta.
AMEX:SPY
by NaughtyPines