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Shortput

Opening (IRA): SPY November 17th 390 Short Put... for a 4.10 credit. Comments: My weekly, broad market short put targeting the <16 delta strike paying around 1% of the strike price in credit. As usual, will look to add in shorter duration should it start to pay more decently. Relatedly, I'm fine with taking assignment of shares and selling call against, but will attempt to stay in options as long as possible, rolling for strike improvement and a credit so long as that remains productive.
AMEX:SPYLong
by NaughtyPines
Opening (IRA): XOP September 15th 110 Short Put... for a 1.11 credit. Comments: Selling premium in one of the exchange-traded funds at the top of my IV screener with a 30-day at 32.2% -- more than twice that of the broad market. (The others are GDXJ, at 35.2%; GDX, 31.2%; and EWZ and FXI, both at 29.1%). As with my broad market plays, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit. On a side note: My goals as primarily a premium seller are really simple: put on a given amount of theta/risk premium on a weekly basis, with my preference being for selling premium in (a) broad market exchange-traded funds; (b) sector exchange-traded funds; and (c) single name, in that order. Broad market is kind of sucking a bit here with SPY at 13.6% 30-day IV, QQQ at 20.0%, and IWM at 19.9%, so just looking for a little bit of extra "sumthin' sumthin'" to keep that theta pile on and burning.
AMEX:XOPLong
by NaughtyPines
Opening (IRA): IWM November 17th 170 Short Put... for a 1.74 credit. Comments: My weekly IWM short put in the shortest duration contract where the <16 delta is paying around 1% of the strike price in credit to emulate dollar cost averaging into the market without actually being in stock. The fact that I'm having to go out to November to do this is a testament to how crappy premium is at the moment, but will look to add in shorter duration should we get an uptick in volatility and/or weakness.
AMEX:IWMLong
by NaughtyPines
Opening (IRA): AMD August 18th 90 Short Put... for a .91 credit. Comments: Grinding through my single name IV screener to sell premium in high IV single name here, targeting the shortest duration <16 delta strike to emulate dollar cost averaging into the underlying. Here, the top 10 are: SABR, SNAP, TSLA, CCL, META, NFLX, TEVA, AMD, CLF, INTC. I'm already in TSLA, META, and NFLX and some of the others are too small to be worthwhile from a dollar and cents standpoint (i.e., SABR, 3.22/share; TEVA, 7.58). As usual, I'm perfectly fine with taking assignment of shares, selling call against if that happens, but primarily just looking to augment the amount of theta I have on, since my usual broad market go-tos (IWM, QQQ, SPY) aren't exactly paying buckets in shorter duration.
NASDAQ:AMDLong
by NaughtyPines
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