Shortput
Rolling (IRA): QQQ May 27th 305 Short Put to July 1st 301... for a 3.30 credit.
Comments: Gotta roll, gotta roll, gotta roll. Rolling to the expiry/strike nearest 45 days paying around 1% of the strike price in credit. 6.50 collected so far with a cost basis of the short put strike (301) minus total credits collected (6.50) or 294.50 relative to where QQQ is currently trading at around 291.
Opening (IRA): IWM July 1st 154 Short Put... for a 1.64 credit.
Comments: Keeping on keeping on ... . I don't have much IWM on, so am selling something new in the July 1st expiry, targeting the <16 delta strike that is paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Rolling (IRA): IWM May 27th 183 Short Put to July 1st 179... for a 1.72 credit.
Comments: Staying mechanical and rolling to the strike nearest 45 days until expiry for a credit that is about 1% of the strike price. Total credits collected of 8.54. Although it's in-the-money, my cost basis is now the short put strike (179) minus total credits collected (8.54) or 170.46 relative to where it's currently trading at 176.40.
Opening: /ES June 17th 2950 Short Put... for a 3.20 credit.
Comments: Back into /ES far out-of-the-money short put here, after exiting all the rungs of my /ES short put ladder at the end of last week. Since delta value isn't very informative (my platform is showing this as a .01 delta strike, which isn't particularly helpful), I'm targeting the strike that is paying around 75% of the current price of /ES in the shortest duration that is paying 3.00 or so.
Opening: BITO June 17th 11/18 Short Put Vertical... for a .48/contract credit.
Comments: High IV with 30-day at 71%.
Unfortunately, I don't get any relief on margin for this particularly underlying, so am buying a cheap long put to bring in buying power effect from 17.46 for the naked 18 to 6.54 for the spread. Paying .07 for the long to bring buying power effect in by >60%.
ROC 7.3% at max as a function of buying power effect; 3.7% at 50% max.
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: /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).