Closed (IRA): IWM September 16th 140 Short Put... for a .39 debit.
Comments: Opened this for 1.68. (See Post Below). Out today at greater than 50% max. 1.29 ($129) profit.
Premiumselling
Opened (IRA): QQQ September 16th 256 Short Put... for a 2.62 credit.
Comments: Adding long delta on weakness/higher IV. Targeting the <16 delta strike in the shortest duration contract paying around 1% of the strike price in credit.
Closed (IRA): SPY September 16th 332 Short Put... for a 1.29 debit.
Comments: Filled this for a 3.40 credit (See Post Below). Took it off today at >50% max with 53 days to go. 2.11 ($211) profit.
Opened (IRA): QQQ September 16th 262 Short Put... for a 2.66 credit.
Comments: Targeting the <16 strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opened (Margin): NVDA August 19th 185 Short Call... for a 3.88 credit.
Comments: Delta balanced back to neutral. Total credits collected of 63.63 with a resulting delta/theta of 2/136.
Opened (Margin): SMH Sept 16th 192/260 Short Strangle... for a 4.97 credit.
Comments: Starting to add in some fresh September monthly setups in >50% IVR/>35% 30-day IV exchange-traded funds. Here, SMH is at 50.1/38.7.
4.97 credit on buying power effect of 22.74; 21.7% ROC at max as a function of buying power effect; 10.8% at 50% max. -.11/13.16 delta theta.
Opened (Margin): QQQ Sept 2nd 270/330 Short Strangle... for a 4.70 credit.
Comments: Selling 16 delta premium in the Q's in the weekly nearest 45 DTE. 4.70 credit on buying power effect of 32.45; 14.5% ROC at max; 7.2% at 50% max. Delta/theta .32/16.13.
Closed (Margin): XLE August 19th 60/77 Short Strangle... for a 1.39 credit.
Comments: Collected a total of 2.49 in credit with this puppy with minimal fuss/muss. (See Posts Below). Closed today with 28 days to go for a 1.10 ($110) profit, which was basically 50% max of the original setup.
Opened (IRA): SPY September 16th 356 Short Put... for a 3.65 credit.
Comments: Targeting the <16 strike in the shortest duration that is paying around 1% of the strike price in credit in this weakness and comparatively higher IV.
And just this morning I was thinking, "Ugh, I'm going to have to go out to October with SPY to get paid."
Opened (IRA): QQQ September 2nd 270 Short Put... for a 2.82 credit.
Comments: Targeting the <16 strike in the shortest duration that is paying around 1% of the strike price in credit in this weakness and comparatively higher IV.
As with the IWM short put I put on, this is more of a trade to add back in shorter duration long delta that I stripped off than a "this is a perfect spot to sell a put" sort of trade. I'll look to add at intervals, weakness, and in higher IV, and am fine with taking assignment of shares/selling call against if the market forces me to do that.
Opened (IRA): IWM September 16th 157 Short Put... for a 1.66 credit.
Comments: Targeting the <16 strike in the shortest duration that is paying around 1% of the strike price in credit in this weakness and comparatively higher IV.
This is more of a trade to add back in shorter duration long delta that I stripped off -- since I still have a high short delta IWM long put diagonal on -- than a "this is a perfect spot to sell a put" sort of trade.
Closing (IRA): SPY September 16th 324 Short Put... for a 1.05 debit.
Comments: >50% max take profit. Opened this for a 3.35 credit on weakness/higher IV. (See Post Below). Closing it out here results in a 2.30 ($230) profit.
Closed (IRA): QQQ September 16th 235 Short Put... for an .82 debit.
Comments: Opened this on weakness/high IV for a 2.74 credit. (See Post Below). Taking profit here at >50% max; 1.92 ($192) profit.
Closed (IRA): QQQ August 26th 255 Short Put... for an .80 debit.
Comments: >50% max take profit. Filled this for a 3.06 credit in weakness/high IV. (See Post Below). Closing out here results in a realized gain of 2.26 ($226).
Closed (IRA): IWM August 26th 155 Short Put... for a .55 debit.
Comments: Collected a total of 5.04 in credits with rolls. (See Post Below). Closing out here results in total realized gains of 4.49 ($449). This leaves me with one IWM "rung" on after all the shenanigans -- the September 16th 140. Will look to re-up on weakness/pop in IV such that the <16 delta 45 DTE short put is back is paying >1% of the strike price in credit.
Opened (IRA): SPY October 21st 333 Short Put... for a 3.35 credit.
Comments: Having stripped quite a bit of long delta off and given the fact that I still have short delta hedges on, adding back in some long delta in longer duration, targeting the <16 delta strike paying around 1% of the strike price in credit (since SPY is no longer paying in shorter duration with IV dropping sub-25 here).
Naturally, if we get another pop in volatility, I'll wade back into shorter duration stuff, assuming SPY is paying; otherwise, I'll reserve shorter duration buying power for the other two broad market ETF's that ordinarily have higher IV than SPY -- IWM and QQQ. Alternatively, I'll look to instruments with high correlation with the broad market to dip my toe in (e.g., XLK (.97 3-month SPY correlation) or SMH (.90 3-month SPY correlation).
Rolled (IRA): SPY August 26th 391 Short Put to Sept 16th 376... for a .16 credit.
Comments: Doing a little housekeeping while this is out of the money ... . Collected 12.41 (See Post Below) plus the smidge here for a total of 12.57.
Closed (IRA): SPY August 19th 360 Short Put... for an .82 debit.
Comments: Collected a total of 29.39 in credits via rolling. (See Post Below). Closing out here results in a total realized gain of 28.57 ($2857).
Closed (IRA): QQQ August 26th 250 Short Put... for a .74 debit.
Comments: Opened this for a 2.70 credit on July 11th. (See Post Below). Ten days into the trade, I'm taking profit at >50% max; 1.96 ($196) profit.
Closed (IRA): IWM August 26th 150 Short Put... for a .46 debit.
Comments: Opened this on the 12th of July for a 1.54 credit. (See Post Below). Closing out here after 9 days in the trade at >50% max with 36 days to go. 1.08 ($108) profit.
Rolled: NVDA August 19th 150 Short Put to 175... for a 6.00 credit.
Comments: Delta balanced with existing units ... . Total credits collected of 59.75. Resulting delta/theta -48/115.
Closed (IRA): SPY August 19th 350 Short Put... for a 1.62 debit.
Comments: Filled for a 3.65 credit. (See Post Below). Out today for at >50% max; 2.03 ($203) profit.
Closed (IRA): QQQ August 26th 245 Short Put... for a .74 debit.
Comments: Filled this for a 2.50 credit. (See Post Below). Closing it out today at >50% max for .74 with 37 days to go; 1.76 ($176) profit.
