Opening (Margin): /ES October 21st 2850 Short Put... for a 3.05 credit.
Comments: Targeting the <75% of current price strike paying around 3.00 in credit. 1.525 ($152.50) max on buying power effect of 14.37; 10.6% ROC at max as a function of buying power effect; 5.3% at 50% max. A little longer-dated than I'd like to go, and the 30-day IV isn't as stellar as I'd like, but you can't have your pudding if you don't eat your meat.
Shortput
Opening (Margin): /ES September 30th 3080 Short Put... for a 3.10 credit.
Comments: Already have a September 30th on at the 3210, but adding a rung here on this weakness, targeting the <75% of current price strike paying around 3.00. 1.55 max on buying power effect of 16.76, 9.2% ROC as a function of buying power effect; 4.6% at 50% max.
Opened (IRA): October 21st 369 Short Put... for a 3.75 credit.
Comments: (Late Post). Back from a long(ish) weekend, I managed to sneak this in around the close with my phone app. Part of a longer-dated strategy targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I now have October 369's, November 340's, December 325's, January 315's, and March 280's in my SPY "ladder."
Opening (IRA): QQQ October 21st 278 Short Put... for a 2.91 credit.
Comments: My weekly broad market short put, targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day IV (which has been the Q's for a bunch of weeks running here).
Opened (IRA): IWM October 21st 170 Short Put... for a 1.78 credit.
Comments: Targeting the <16 strike in the shortest duration paying around 1% of the strike price in credit. This is more of "I need small cap long delta" than "this is a really great place to put on small cap long delta" trade, so probably not the best entry point to do this, although we're getting a little bit of weakness here today.
Opening (Margin): /ES September 30th 3210 Short Put... for a 3.10 credit.
Comments: Targeting the strike that is ~75% of current price and is paying around 3.00 in credit. Will look to add should we get further weakness, higher IV (which isn't so great here at 20.3%).
1.55 max (due to the 50 x multiplier in /ES) on buying power effect of 16.34; 9.5% ROC as a function of buying power at max; 4.7% at 50% max.
Opening (Margin): IWM September 30th 178 Short Put... for a 1.80 credit.
Comments: Not a great place or a great IV environment to be doing this, but looking to offset some of my IWM short delta. Previously, I did a covered call, but I don't need that much long delta here at the moment, so am doing a lower delta out-of-the-money short put and will add at intervals if necessary. Delta/theta 15.18/5.
Opening (IRA): QQQ September 30th 289 Short Put... for a 2.95 credit.
Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day IV to emulate dollar cost averaging into the broad market. Take profit at 50% max or greater and/or roll out for duration and a credit.
This would be more ideally put on in weakness and higher IV, but I'm willing to take some risk while I wait for a better IV environment to present itself.
Rolled (IRA): QQQ September 16th 278 Short Put to October 21st... 268 short put for a 1.23 credit.
Comments: This wasn't quite at 50% max yet, but thought I'd take the opportunity to do some housekeeping since I could realize a gain, strike improve, and receive a credit here by rolling for duration.
Total credits collected of 14.09 (See Post Below) plus the 1.23 here for a total of 15.32 relative to a price of around 2.83 for the October 21st 268, so I've realized gains of 12.49 ($1249) so far.
Rolling (IRA): QQQ August 26th 316 Short Put to October 300... for a 1.08 credit.
Comments: (Late Post). Been rolling this for a while. Total credits collected of 9.38 (See Post Below) plus the 1.08 here for a total of 10.46.
I would rather stay in an options contract versus taking on stock, since you can strike improve an option. Another lesson here is that you'll find it easier to roll for more substantial strike improvement if your option is less monied. Consequently, I took the opportunity to roll here with QQQ price whipping up (at one point in Friday's session) -- to 316.39. Naturally, this doesn't mean that the 300 will expire worthless or otherwise be profitable; it does mean, however, that my cost basis will be lower than it was with the strike at the 316.
Opening (IRA): SPY November 18th 340 Short Put... for a 3.50 credit.
Comments: Part of a longer duration premium selling strategy in SPY when shorter duration isn't paying. Here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I'll naturally return to shorter duration stuff if we get weakness and higher IV.