Closed (IRA): IWM July 22nd 162 Short Put... for a .67 debit.
Comments: Opened for 1.65 (See Post Below); closing out here at >50% max for a .98 ($98) profit.
Shortput
Opened (IRA): QQQ August 19th 258 Short Put... for a 2.75 credit.
Comments: (Late Post). Targeting the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days and in the exchange-traded fund having the highest 30-day IV.
Opened: NVDA August 19th 150 Short Put... for a 7.85 credit.
Comments: Delta balancing back to neutral. Total credits collected of 31.46.
Rolling (IRA): QQQ July 1st 301 to August 19th 292... for a 2.93 credit.
Comments: Rolling down and out to the August monthly, as the August 5th contract didn't seem all that liquid. Total credits collected of 6.50 (See Post Below) plus the 2.93 here for a total of 9.43.
I'll generally keep on doing this (down and out) with any of my monied rungs until I can't get decent (a relative term) strike improvement, along with a decent credit, at which point I'll just take assignment and proceed to sell call against. (See, e.g., my QQQ June 24th 321 short put, which I couldn't strike improve to my satisfaction without going out hugely long-dated).
Closed: EWZ August 19th 23 Short Puts... for a .23/contract debit.
Comments: Filled for .47/contract (See Post Below), hit 50% max today. .24 ($24) profit/contract.
Closed: /ES July 29th 2500 Short Put... for a .30 debit.
Comments: Filled for a 3.05 credit (See Post Below); out here for .30. (3.05 - .30)/2 = 1.375 ($137.50) profit.
Opened: NVDA August 19th 125 Short Put... for a 3.37 credit.
Comments: Adding long delta here to bring the setup back to delta neutral. Total credits collected of 23.61; delta/theta -2.82/50.35.
Opened (IRA): QQQ August 19th 250 Short Put... for a 2.56 credit.
Comments: Back in the saddle again after the long weekend ... . Targeting the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days in the broad market exchange-traded fund with the highest 30-day to emulate dollar cost averaging into the broad market.
Closed: /ES July 29th 2850 Short Put... for a 1.45 debit.
Comments: In for a 3.20 credit (See Post Below). Out for a 1.45 debit. (3.20 - 1.45)/2 = .875 ($87.50) profit. Still have July 29th 2700's, July 29th 2500's, August 5th 2700's, and August 19th 2100's on, so just taking off a smidge of risk here and/or freeing up buying power.
Opening (IRA): SMH August 19th 150 Short Put... for a 1.54 credit.
Comments: Adding another unit of semiconductors here (IVR/IV 72/47) in weakness/higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit in the August monthly (the weeklies aren't all that liquid). Still have the August 19th 175's on.
Closing (IRA): QQQ July 29th 250 Short Put... for a 1.39 debit.
Comments: Opened for a 3.00 credit (See Post Below). Closing out here at >50% max, 1.61 ($161) profit.
Opening (IRA): SPY August 19th 338 Short Put... for a 3.45 credit.
Comments: Targeting the <16 delta strike in the shortest duration expiry paying 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): QQQ August 12th 240 Short Put... for a 2.40 credit.
Comments: Targeting the <16 delta strike in the expiry nearest 45 days paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): IWM August 19th 150 Short Put... for a 1.57 credit.
Comments: Targeting the <16 delta short put paying around 1% in credit in the expiry nearest 45 days to emulate dollar cost averaging into the broad market.
Opening: /ES August 5th 2700 Short Put... for a 3.05 credit.
Comments: A basic bet that /ES doesn't lose more than 25% of its value over the next 36 days put on in weakness/higher implied volatility. Still have July 29th and August 19th rungs on. 1.525 ($152.50) max on buying power effect of 19.79; 7.7% ROC at max as a function of buying power effect; 3.9% at 50% max.
Opening (IRA): SMH August 19th 175 Short Put... for a 1.76 credit.
Comments: Targeting the <16 delta strike in the August monthly (53 DTE) paying around 1% of the strike price in credit. Adding a smidge of long delta back into my portfolio to keep my net delta happy using an ETF that is closely correlated with the broad market (SPY 3-month correlation of .92) instead of cluttering up my IWM, QQQ, and SPY short put ladders further.
Other ETF's to do this with: XLK (.97 3-month correlation), EFA (.90).
Rolling (IRA): SPY July 15th 370 Short Put to August 19th 347... for a .75 credit.
Comments: Doing a little early housekeeping where I can running into the July 4th weekend ... .
Rolling for a realized gain to the <16 delta strike in the expiry nearest 45 days paying around 1% of the strike price in credit. Collected 3.65 (See Post Below) plus the .75 here for a total of 4.40 relative to an August 19th 347 short put value of 3.53, so I've realized gains of around .87 ($87) so far.
Rolling (IRA): QQQ July 15th 264 Short Put to August 5th 260... for a 1.67 credit.
Comments: Rolling here at around 50% max instead of adding new units. Total credits collected of 2.64 (See Post Below) plus the 1.67 here for a total of 4.31 relative to an August 5th 260 short put value of 3.08, so I've realized gains of 1.23 ($123) in this one so far.
Opened (IRA): IWM August 5th 154 Short Put... for a 1.56 credit.
Comments: Adding back in some long delta here in IWM, targeting the <16 strike in the expiry nearest 45 days paying around 1% of the strike price in credit.
Closed: /ES July 15th 2960 Short Put... for a 1.50 debit.
Comments: Filled for a 3.00 credit (See Post Below). Out on Friday at 50% max. (3.00 - 1.50)/2 = .75 ($75) profit. Although still quite far out of the money, this was the highest rung of my /ES short put ladder, so wanted to dry the powder out for a potential dip going forward. Still have rungs on in the July 29th expiry (2850, 2700, 2500), as well in the August monthly (2100), so I was okay with taking off a little bit of risk here.
Closed (IRA): SPY July 29th 330 Short Put... for a 1.12 debit.
Comments: On occasion, Fridays can be a mad scramble. Yesterday was one of those, so I didn't get an opportunity to post all of in profit long delta trades I took off to dry out powder for "the next one." Opened for 4.00 even (See Post Below); out on Friday's bull fest for 1.12 -- 2.88 ($288) profit.
Closed (IRA): QQQ July 8th 267 Short Put... for a .92 debit.
Comments: Collected a total of 4.80. (See Post Below). Closed out late in Friday's session for a total realized gain of 3.88 ($388).
Closed: IWM July 29th 145 Short Put... for a .46 debit.
Comments: Opened for a 1.91 credit (See Post Below); out during Friday's session for .46. 1.45 ($145) profit.
Closed (IRA): IWM July 29th 140 Short Put... for a .53 debit.
Comments: In for a 1.49 credit(See Post Below); out at >50% max here on movement plus volatility contraction. .96 ($96) profit.
