Premiumselling
Opened (IRA): SPY September 16th 332 Short Put... for a 3.40 credit.
Comments: Replacing some of the shorter duration long delta I stripped off Friday and today in longer duration and lower strikes. Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I would've used the August 26th expiry, but have a rung on in there and only 5-wides are available where I'd want to pitch my tent.
Opening: /ES August 26th 2700 Short Put... for a 3.05 credit.
Comments: Targeting the strike that is <75% of current price paying around 3.00 in credit in the contract that is around 45 days until expiry. 1.525 ($152.50) max* on buying power effect of 6.27. 24.3% ROC at max as a function of buying power effect; 12.2% at 50% max. Still have August 5th 2700's, August 19th 2100's on.
* -- Due to 50x multipler.
Opening (IRA): IWM August 26th 150 Short Put... for a 1.49 credit.
Comments: Targeting the <16 strike paying around 1% of the strike price in credit in the expiry nearest 45 days. I added a rung in this expiry on Friday at the 155, so am just adding a smidge at a lower strike on weakness and uptick in implied volatility.
Rolling (IRA): SPY July 15th 400 Short Put to August 26th 391... for a 1.04 credit.
Comments: With only 4 days to go, rolling this down and out instead of taking assignment of shares at the 400 strike and selling call against. I'll keep rolling down and out as long as that remains somewhat productive.
Total credits collected of 11.37 (See Post Below) plus the 1.04 here for a total of 12.41.
Opened (IRA): SPY August 26th 350 Short Put... for a 3.65 credit.
Comments: (Late Post). I did a ton of stuff on Friday, and (I think) this was the last one. SPY 30-day IV has dropped sub-25%, so it may shortly not be worth it to sell premium in it in <45 DTE duration where I want to pitch my tent (16 delta or less).
QQQ still has the highest 30-day (30.6%), followed by IWM (29.3%), followed by SPY (24.0%), so I'll continue to hammer away at the Q's and secondarily IWM while they still have juice in them.
Rolled (IRA): IWM July 22nd 169 Short Put to August 26th 155... for a .25 credit.
Comments: (Late Post). Didn't collect much credit here, but this is the highest strike rung of my short put ladder and would prefer rolling it out of harm's way/to a lower cost basis strike since the market's given me the opportunity here. Total credits collected of 4.79 (See Post Below) plus the .25 here for a total of 5.04.