Opening (IRA): IWM May 20th 180 Short Put... for a 1.90 credit.
Comments: Targeting the <16 delta in the expiry nearest 45 days until expiry paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Shortput
Rolling (IRA): SPY June 17th 345 Short Put to June 30th 383... for a 2.46 credit.
Comments: The last little bit of SPY short put ladder cleanup here.
You know the drill ... . >50% max, roll out to the <16 delta strike paying around 1% of the strike price in credit. Credits collected of 6.05 (See Post Below) plus the 2.46 here for a total of 8.51 relative to the current price for the June 30th 383 of 3.86, so I've locked in gains of 4.65 ($465) so far.
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.
Closing: SPY April 29th 375 Short Put... for a .40 debit.
Comments: April contract cleanup. Total credits collected of 20.47 (See Post Below) (I rolled and rolled and rolled). Closing out here for .40 results in total realized gains of 20.07 ($2007).
Rolling (IRA): QQQ May 20th 260 Short Put to May 20th 320... for a 2.88 credit.
Comments: With the 260 at greater than 50% max, rolling up to the <16 delta strike paying 1% of the strike price in credit, rather than extending duration. Total credits collected of 2.60 (See Post Below) plus the 2.88 here for a total of 5.48.
Opening (IRA): QQQ May 13th 325 Short Put... for a 3.28 credit.
Comments: My weekly broad market short put in the exchange traded fund having the highest 30-day, targeting the <16 delta strike paying at least 1% of the strike price in credit.
Closing (IRA): QQQ April 29th 275 Short Put... for a .27 debit.
Comments: April contracts cleanup ... . Opened this for a 2.76 credit. (See Post Below). Closing out here results in a 2.49 ($249) realized gain.
Closing (IRA): QQQ April 14th 305 Short Put... for a .22 debit.
Comments: April contracts cleanup. Collected a total of 5.40 in credits. (See Post Below). Closing out here results in total realized gains of 5.18 ($518).
Closing (IRA): IWM April 29th 170 Short Put... for a .28 debit.
Comments: Cleaning up April. Collected a total of 5.63 in credits with rolls. (See Post Below). Closing out here results in total realized gains of 5.35 ($535).
Closed (IRA): QQQ April 22nd 275 Short Put... for a .20 debit.
Comments: More clean up ... . Opened for a 3.05 credit. (See Post Below). Closing out here results in a realized gain of 2.85 ($285). Still have some on in the April 14th, April 29th, May 6th, and May 20th expiries.
Closed (IRA): SPY April 22nd 370 Short Put... for a .20 debit.
Comments: Cleaning up approaching worthless "rungs" of my short put ladder. Put this on for 4.00. (See Post Below). Closing it out here results in 3.80 ($380) of realized gains.
Closed (IRA): SPY April 14th 391 Short Put... for a .20 debit.
Comments: More taking off stuff approaching worthless on this volatility contraction/rip. Collected a total of 6.40 in credits with rolls. (See Post Below). Closing out here results in total realized gains of 6.20 ($620).
Closed (IRA): IWM April 14th 165 Short Put... for a .20 debit.
Comments: Cleaning up stuff that is approaching worthless ... . Opened for a 1.73/contract credit. (See Post Below). Closing out here results in a profit of 1.53 ($153)/contract. Still left with the April 29th and May 6th "rungs."
Rolling: QQQ April 22nd 290 Short Put to April 22nd 341... for a 3.95 credit.
Comments: Rolling up the put side to the strike that's approximately one-half the delta of the call side (which is at the 361 strike) to reduce net delta directionality. Total credits collected of 5.85 (See Post Below) plus 3.95 equals 9.80.
Rolling (IRA): SPY April 14th 375 to May 20th 408... for a 3.75 credit.
Comments: Unfortunately, shorter duration isn't paying what I would like to see in SPY, so rolling it out to the monthly <16 delta strike paying at least 1% of the strike price in credit. I've collected a total of 4.00 (See Post Below), plus the 3.75 here for a total of 7.75 with the 408 currently paying 3.91, so I've realized gains of around 3.84 ($384) so far. Still have April 14th, April 22nd, April 29th, May 20th, and June 17th rungs on to play with.
Rolling (IRA): QQQ April 14th 295 Short Put to May 6th 318... for a 2.74 credit.
Comments: With only .36 left in this one, rolling out to the <16 delta strike that's paying at least 1% of the strike price in credit. I've collected a total of 4.46 (See Post Below) plus 2.74 for a total of 7.20 relative to a current price for the May 6th 318 of 3.06 or so; 4.14 ($414 of realized gains). Still have April 14th, April 22nd, April 29th, and May 20th rungs on.
Closing (IRA): IWM April 14th 160 Short PUt... for a .13 debit.
Comments: Opened for 1.73, (See Post Below); closing it out here for a 1.60 ($160) profit. Still have April 22nd, April 29th, and May 6th rungs on which I'll either close or roll out as I get to them from a duration standpoint.
Rolling (IRA): IWM April 8th 175 Short Put to May 6th 185... for a 1.69 credit.
Comments: With only .17 left in the April 8th 175, rolling it out to the <16 delta May 6th strike paying at least 1% of the strike price in credit. Total credits collected: 4.08 (See Post Below) plus the credit received here of 1.69, for a total of 5.77 relative to the May 6th 185 short put value of 1.81, so I've realized gains of 3.96 ($396) so far.
Closing (IRA): IWM April 1st 175 Short Put... for a .27 debit.
Comments: Opened this for a 1.98 credit. (See Post Below). Out here for a net profit of 1.71 ($171). Still have April 8th, 14th, 22nd, and 29th rungs on.
Closed (IRA): SPY April 14th 360 Short Put... for a .67 debit.
Comments: Rolled this a number of times, collecting a total of 10.12 in credits along the way. (See Post Below). Closing it out here for .67 results in a total of 9.45 ($945) in realized gains.
Closed (IRA): QQQ April 14th 280 Short Put... for a .68 debit.
Comments: Put on in the depths of the sell-off for 2.82 (See Post Below), taking profit here. 2.14 ($214) profit
Closed (IRA): IWM March 31st 178 Short Put... for a .29 debit.
Comments: I'd ordinarily roll this out to the weekly, but we don't have a May 6th expiry yet. I've already got a rung on in the April 29th expiry, so am just taking profit here. Total credits collected of 2.67. (See Post Below). Closing hour here results in a profit of 2.38 ($238).
Closed (IRA): EFA April 14th 58 Short Puts... for a .16/contract debit.
Comments: In for a .66/contract credit. (See Post Below). Out for .16 here; .50 ($50) profit per contract on movement plus IV crush.
