Rolling: XBI June 17th 110 Short Call to the 79 Short Call... for a 2.17 credit.
Comments: Rolling the untested side in. Total credits collected of 3.44 (See Post Below) plus the 2.17 here for a total of 5.61.
Premiumselling
Rolling (IRA): QQQ May 13th 325 Short Put to June 24th 321... for a 3.85 credit.
Comments: Total credits collected of 3.28 (See Post Below) plus the 3.85 here for a total of 7.13. Wasn't able to both improve the strike a ton here and receive a credit >1% of the strike price, but you do what you can do.
Opening: NVDA June 17th 225 Short Call... for a 4.75 credit.
Comments: Adding a call here to my inverted NVDA short strangle to cut directionality a smidge. Total credits collected of 86.86. Delta/theta now 31.13/38.43, so the position is still net delta long, just not as long as it was.
Opening: /ES June 3rd 2900 Short Put... for a 3.40 credit.
Comments: Back onto the roller coaster in the June 3rd expiry (29 days until expiry), selling the strike that is around 70% of where /ES is currently trading. The delta down here is so low that it doesn't make much sense to target a particular strike based on delta (e.g., the .01 delta strike).
As noted previously, this routes for 3.40, but max is only half of that or 1.70 ($170).
Closing: /ES June 3rd 2650 Short Put... for a .90 debit.
Comments: In for a 3.10 credit, (See Post Below); out for a .90 debit. Realized profit of one-half the difference (i.e., 2.20 divided by 2 or 1.10/$110).
Closing: /ES June 17th 2300 Short Put... for a 1.20 debit.
Comments: In for 3.00 (See Post Below), out for 1.20 here; one-half of the difference of 1.80 in profit (i.e., $90 profit).
Opening: /ES June 17th 2300 Short Put... for a 3.00 credit.
Comments: Running another rung as a small, dorky engagement trade while I wait on other stuff. Max profit of 1.50/$150 (half the credit it's routed for) on BPE of 20.62; 7.3% ROC at max; 3.6% ROC at 50% max.
Opening: /ES June 3rd 2650 Short Put... for a 3.10 credit.
Comments: Running another of these. As pointed out previously, the options table shows this as worth 3.10, but your max is only half that or 1.55 ($155) on BPE of 19.88. 7.8% ROC at max; 3.9% at 50% max. A basic bet that we don't see 2650 in 35 days.
Opened (IRA): SPY July 17th 345 Short Put... for a 3.55 credit.
Comments: Adding some rungs in high IVR/IV, targeting the <16 delta strike paying at least 1% of the strike price in credit.
Opened (IRA): SPY June 17th 370 Short Put... for a 3.65 credit.
Comments: Layering some additional rungs on in this high IVR/high IV market. Selling the <16 short put paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Closed: SMH May 20th 215/280 Short Strangle... for a 3.44 debit.
Comments: Filled for a 5.20 credit (See Post Below). Out here for 3.44; 1.76 ($176) profit.
Rolling: QQQ May 27th 315/380 to June 17th 294/350... for a 1.33 credit.
Comments: Rolling out and recentering risk. Total credits collected of 7.53.
Rolling: NVDA May 20th 205C/280P to June 17th 200C/275P... for a 4.48 credit.
Comments: Ugh. Just ugh. Total credits collected of 82.11 on a 75-wide inverted. Break evens at 192.89/282.11.
Rolling: IWM May 20th 176/217 to June 17th 165/210... for a 1.26 credit.
Comments: Kind of neglected this position a bit, so rolling out, recentering risk instead of rolling down the call side to flatten net delta with 21 days to go. Total credits collected of 3.23.
EURUSD Sells- Read annotationsAnnotations tell you everything I'm looking at, sells withing premium going with the trend are always the HP trade, nice PA too building up lots of LQ, few concerns though but if i get the right confirmation i will take the trade
Opened (IRA): QQQ June 17th 265 Short Put... for a 3.00 credit.
Comments: Filled toward the close, targeting the <16 delta strike in the expiry nearest 45 days until expiry paying at least 1% of the strike price in credit in the broad market exchange-traded fund with the highest 30-day IV.
Some of the rungs of this "ladder" are currently in the money, so can contemplate taking on shares/selling call against or rolling them out in time, but we'll deal with each rung in turn as we get to them.
AJ could go below 90AJ looks bullish overall and possibly retracing back to equilibrium or a FVG. Price is showing bearish displacement and multiple breaks of structure.
Rolled: NVDA May 20th 220 Short Call to May 20th 205... for a 5.45 credit.
Comments: This ... is getting kind of ugly in here. In any event, in for a penny, in for a pound. I also closed out the 290 short call I put on as a delta flattener, since it only had about .25 left of extrinsic left in it and since we're closing in on that 21 day mark where I might want to consider rolling out, particularly where the short put is closing in on almost having no extrinsic left in it.
Total credits collected of 77.63 on a 75-wide (280P/205P) with 202.37/282.63 break evens.
Opened (IRA): QQQ June 17th 280 Short Put... for a 2.78 credit.
Comments: Targeting the <16 strike paying at least 1% of the strike price in credit in the broad market exchange-traded fund with the highest 30-day IV to emulate dollar cost averaging into the broad market. (And wasn't this green at the open?)
Rolled (IRA): IWM May 6th 185 Short Put to May 27th 183... for a 1.05 credit.
Comments: 50% max roll to the <16 delta strike in the expiry nearest 45 days that is paying around 1% of the strike price in credit. Total credits collected of 5.77 (See Post below) plus the 1.05 here for a total of 6.82 versus the 1.86 or so the 183 was paying, so I've realized gains of 4.96 ($496) so far.
The May 27th 16 delta is just barely paying 1%; otherwise, I probably would have done a "window dressing roll" from the 185 to the May 27th 175 for a small credit to milk the remaining extrinsic out of the option while reducing risk (since it's farther out-of-the-money) and buying power effect (since it would've been a lower strike).
Opened: /ES May 27th 3200 Short Put... for a 3.00 credit.
Comments: Rerunning the far out-of-the-money short put in /ES. 3.00 credit/1.50 max on buying power of 23.98. 6.3% ROC at max as a function of buying power effect; 3.1% at 50% max. As previously noted, it routes for a 3.00 credit, but its max is only half of that or 1.50 ($150). Will look to take profit at 50% max.
Closed: /ES May 20th 2850 Short Put... for a 1.00 debit.
Comments: Filled for a 2.00 credit (See Post Below); out here at 50% max. Ordinarily, this would be a 1.00 ($100) winner, but the way /ES works is that your max is half of the credit received -- in this case, one half of 2.00 is 1.00 ($100), so 50% max is .50 or $50.
Opened: /ES May 20th 2850 Short Put... for a 1.00 credit.
Comments: Just a little dorky way out-of-the-money short put engagement trade ... . 1.00 credit on buying power effect of 14.99; 6.7% at max as a function of buying power effect; 3.3% at 50% max.
