Closed (IRA): EFA November 18th 50 Short Puts... for a .23/contract debit.
Comments: Opened these for .52/contract. (See Post Below). Closed here for a smidge greater than 50% max with 31 days to go. .29 ($29) profit per contract.
Shortput
Closed (Margin): /ES November 18th 2400 Short Put... for a 1.30 debit.
Comments: Filled this for a 3.10 credit. (See Post Below). Out here for 1.30. (3.10 - 1.30)/2 = .90 ($90) profit. Will look to add back in rungs on weakness/higher IV, assuming I can get into strikes lower than what I have on currently.
Opening (Margin): /ES January 20th 1600 Short Put... for a 3.20 credit.
Comments: Adding a rung out in January after taking off higher rungs in November ... . Targeting the <75% of current price strike paying around 3.00. 1.60 max on BPE of 12.42; 12.9% ROC as a function of buying power effect; 6.4% at 50% max. A basic bet that we either (a) don't see 1600 by January opex; or (b) the contract reaches >50% max before then.
Opening (IRA): QQQ December 2nd 225 Short Put... for a 2.37 credit.
Comments: My weekly, broad market exchange-traded fund short put in the symbol with the highest 30-day, targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Closed (Margin): /ES November 18th 2300 Short Put... for a 1.20 debit.
Comments: Taking off some risk/drying out some powder here for "the next one." Filled this for a 3.30 credit. (See Post Below). Taking it off here for 1.20. (3.30 - 1.20)/2 = 1.05 ($105) profit.
Closed (Margin): /ES November 18th 2200 Short Put... for a 1.05 debit.
Comments: Filled this for a 3.10 credit. (See Post Below). Closing here for 1.05. (3.10 - 1.05)/2 = 1.025 ($102.50) profit.
Opening (IRA): QQQ November 25th 235 Short Put... for a 2.80 credit.
Comments: My weekly, broad market short put in the exchange-traded fund with the highest 30-day IV, targeting the <16 delta strike paying around 1% of the strike price in credit.
Opening (Margin): /ES December 30th 1900 Short Put... for a 3.15 credit.
Comments: Adding a smidge back in, after taking off a couple of my higher risk rungs in October. 1.575 ($157.50) max on BPE of 13.75 ($1375); 11.5% ROC (50.0% annualized) as a function of buying power effect; 5.7% at 50% max (25.0% annualized). A basic bet that the S&P doesn't lose 50% of its value by year end.
Closed (Margin): /ES October 31st 2700 Short Put.. for a 1.55 debit.
Comments: Filled this for a 3.10 credit. (See Post Below). Hit 50% max today. Drying out some powder for the next bout of weakness. (3.10-1.55)/2 = .775 ($77.50) profit.
Closed (Margin): /GC November 22nd 1380 Short Put... for a .70 debit.
Comments: Filled this for a 1.40 credit. (See Post Below). Out at 50% max today; .70 ($70) winner.
Closed (Margin): /ES October 21st 2850 Short Put... for a 1.45 debit.
Comments: Filled this for 3.05. (See Post Below). Closing out my most at risk strike here with 18 days to go, resulting in a (3.05 - 1.45)/2 = 1.60 ($160) profit.
Opening (Margin): /ES December 16th 1800 Short Put... for a 3.10 credit.
Comments: Adding a rung in the December monthly at a lower strike than what I currently have on, targeting the <75% of current price strike paying around 3.00. 1.55 max on buying power effect of 18.38; 8.4% ROC at max as a function of buying power effect; 4.2% at 50% max.
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.
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.
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.
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.
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.
