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Shortput

Assignment (Margin): NVDA 160 Short PutComments: Total credits collected/realized gain of 11.56 ($1156), with the difference between 160 and current price (125.66) an unrealized loss. Will look to sell call against on Monday with a starting cost basis of 160.00/share, as well as potentially covered strangle (short put + stock + short call). Unlike my QQQ 300 covered call (See Post Below), this one is on margin, where being in stock becomes a buying power hog relative to being in an options contract, so the motivation may look to exit at the earliest possible juncture for a scratch, rather than hang out in it endlessly. That being said, both NVDA and AMD are kind of "premium seller faves," since 30-day IV is decent a lot of the time. I'll start out selling 160 calls against and then proceed to roll those mechanically at monthly opex so long as my cost basis remains above current price.
NASDAQ:NVDALong
by NaughtyPines
Opening (Margin): /MES February 28th 3890, 3925, 3940, 3960... short puts. Comments: Replacing the short puts I stripped off in profit to delta balance what is now the -27, -31, -33, and -36 delta calls. The remaining -42 delta short call at the 4080 is only partially hedged, so position net delta still leans short. Opened the February 28th 3890 for a 41.00 credit. Opened the February 28th 3925 for a 49.25 credit. Opened the February 28th 3940 for a 53.25 credit. Opened the February 28th 3960 for a 59.25 credit.
CME_MINI:MES1!Long
by NaughtyPines
Closed (Margin): /MES February 28th 3620, 3700, 3760, 3770 ... short puts. Comments: Filled the 3620 for a 18.00 credit; closed it here for a 10.25 debit. (18.00 - 10.25)/.2 = $38.75 profit. Filled the 3700 for a 22.00 credit; closed it for a 15.25 debit. (22.00 - 15.25)/.2 = $33.75 profit. Filled the 3760 for a 31.25 credit; closed it for a 20.75 debit. (31.25 - 20.75)/.2 = $52.50 profit. Filled the 3770 for a 28.25 credit; closed it for a 22.00 debit. (28.25 - 22.00)/.2 = $31.25 profit. Will re-erect short puts to delta balance ... .
CME_MINI:MES1!
by NaughtyPines
Closing (Margin): /MES February 17th 3590 Short Put... for a 21.50 debit. Comments: Fixing part of my screw up in opening my additive delta adjustment short strangle (which I opened in the February 28th expiry instead of the February 17th). (30.00 credit (for this leg) - 21.50)/20 = .425 ($42.50) profit. I will now proceed to open a 13 delta short put in the February 28th expiry to replace it, but will still have the February 28th 3720 short put on as "an odd man out" for the time being.
CME_MINI:MES1!
by NaughtyPines
Opening (IRA): SMH Feb/March 170/154 Short Put LadderComments: My broad market positions are getting a little crowded and busy, so deploying some buying power into some sector ETF's, targeting the <16 delta strike paying around 1% of the strike price in credit. 30-day isn't bad here at 36.3%, but this isn't exactly as weak as it has been, so it's possible that a better entry could be had. Because of that, I'll look to potentially add should better opportunities present themselves. The goal here is to collect premium and/or to reduce cost basis in shares that you might be eventually assigned and not necessarily to get ideal entries; there is, after all, some "slop"/room to be wrong with these. That being said, being patient and getting paid something decent for a lower strike is always a good thing, since a lower strike means a smaller buying power effect. February 17th 170: 1.74 credit March 17th 154: 1.54 credit
NASDAQ:SMHLong
by NaughtyPines