Opening (IRA): EFA November 18th 50 Short Put... for a .52/contract credit.
Comments: Slowly building an EFA (ex. Canada/U.S.) position here on weakness. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Premiumselling
Opening (IRA): QQQ November 11th 235 Short Put... for a 2.57 credit.
Comments: My weekly, broad market short put in the exchange-traded fund with the highest 30-day, targeting the <16 delta strike in the shortest duration expiry that pays around 1% of the strike price in credit.
Closing (Margin): EWZ October 21st 28/35 Short Strangle... for a 1.25 credit.
Comments: Closing out at 21 days for a small loss (.07/$7). With this volatility expansion here, I want to redeploy into the biggest bang for my buck, which may or may not be in EWZ.
Closing (Margin): GDXJ October 21st 26/27.5 Short Strangle... for a 3.16 debit.
Comments: Closing here at 21 days. Total credits collected of 2.06; closing out here for 3.16 results in a 1.10 ($110) loss.
Rolling (IRA): QQQ October 7th 280 Short Put to November 18th... 273 for a 3.10 credit.
Comments: With only 7 days to go, rolling down and out rather than sweating it for a week. Total credits collected of 2.84 (See Post Below), plus the 3.10 here for 5.94.
Opening (Margin): /ES January 20th 1500 Short Put... for a 3.05 credit.
Comments: Adding rungs on weakness ... .
Opening (Margin): /ES December 16th 1900 Short Put... for a 3.70 credit.
Comments: Adding rungs on weakness at strikes better than what I currently have on. Targeting the <75% of current price strike paying around 3.00 in credit.
Opening (Margin): /ES November 16th 2200 Short Put... for a 3.10 credit.
Comments: Adding rungs here at lower strikes than I've currently go on in weakness "+," with the + being high IV.
Rolled (Margin): GDXJ October 21st 34 Short Call to 27.5... for an .83 credit.
Comments: Delta balancing. Total credits collected of 2.06. Resulting delta/theta 6.58/5.80 (as of Monday's close).
Opened (IRA): SPY Nov 18th 320/Dec 16th 300/Jan 20th 280... short put ladder.
Comments: (Late Post). Added another tranche of rungs in November, December, and January monthlies in Friday's weakness with the November 18th 320 paying 3.23, the December 300 paying 3.05, and the January 280 paying 2.96.
Looking to primarily do housekeeping (closing out rungs at 50% max; rolling rungs) running into year's end in the absence of a new 52-week low.
Rolling (Margin): XOP October 21st 160 Short Call to the 127... for a 4.33 credit.
Comments: Rolling to short straddle at the 127. Total credits collected of 11.01 versus the setup currently marking at 16.13. Resulting delta/theta of 22.28/23.54 with a cost basis of 115.99 if assigned on the 125 put.
Rolling: SMH October 21st 210 Short Call to 190... for a 7.14 credit.
Comments: Inverting my short strangle here ... . Total credits collected of 22.93 on a 15 wide inverted that is currently marking at 26.83 (ugh). Resulting delta/theta of 20.11/26.27 with a cost basis of 182.07 if assigned on the 205 short put.
Opening (IRA): QQQ November 4th 240 Short Put... for a 2.51 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (Margin): /GC November 22nd 1380 Short Put*... for a 1.40 credit.
Comments: A pure directional shot at 52-week lows with plenty of room to be wrong. 1.40 credit on buying power effect of 10.04; 13.9% ROC at max as a function of buying power effect; 7.0% at 50% max.
* -- An out-of-the-money short put is neutral to bullish assumption, with max profit being realized on a finish at or above the short put strike.
Opening (Margin): /ES January 20th 1700 Short Put... for a 3.00 credit.
Comments: Another rung at a better strike I currently have on, targeting the <75% of current price strike paying around 3.00 in credit.
Opening (Margin): /ES December 16th 2000 Short Put ... for a 2.95 credit.
Comments: Adding a couple rungs here on weakness at lower strikes than I currently have on. Targeting the <75% of current price strike paying around 3.00 in credit.
NAS Intraday/Scalp ShortNasdaq, potential setup to go short, targeting the zones below where price could reverse and go long
Rolled (IRA): QQQ September 30th 289 to November 18th 278... for a 2.75 credit.
Comments: (Late Post). Rolled this out on Friday to be out of September contracts and to reduce risk, cost basis, and buying power effect. Opened this for a 2.95 credit. Credits collect of 2.95 (See Post Below) plus the 2.75 here for a total of 5.70.
Rolled (IRA): IWM September 30th 178 to November 18th 173... for a 2.02 credit.
Comments: (Late Post). Rolled this out late on Friday so that I can be out of September contracts, as well as reduce buying power effect and cost basis.
Credits collected of 1.80 (See Post Below) plus 2.02 for a total of 3.82.
Opening (IRA): SPY March 17th 260 Short Put... for a 2.73 credit.
Comments: Adding rungs on weakness/higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): SPY January 20th 295 Short Put... for a 3.07 credit.
Comments: Adding rungs on weakness/higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (IRA): SPY December 16th 315 Short Put... for a 3.16 credit.
Comments: Adding rungs on weakness, higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
Rolling (Margin): XOP October 21st 165 Short Call to 160... for a .51 credit.
Comments: Smidge of delta adjustment here. Total credits collected of 6.68. Resulting delta/theta of 13.99/17.18 with the setup marking at around 6.22. I rolled this once for duration already, so probably should just take profit here and move on, but wanted more than .46 ($46) out of it. We'll see if that bites me in the hinder or not ... .
