Closing: /ES June 17th 2400 Short Put... for a .95 debit.
Comments: In for 3.35 (See Post Below); out for .95 here. (3.35 - .95)/2 = 1.20 ($120) profit. Out of the last rung of my /ES short put ladder on this up move/volatility crush.
Shortput
Closing: /ES June 10th 2800 Short Put... for a 1.45 debit.
Comments: Filled for 3.25 (See Post Below); out for 1.45 here. (3.25 - 1.45)/2 = .90/$90 profit.
Closing: /ES June 3rd 2900 Short Put... for 1.00 debit.
Comments: In for 3.40 (See Post Below), out here for 1.00. (3.40 - 1.00)/2 = 1.20 ($120) profit.
Closed: /ES May 27th 3200 Short Put... for a 1.90 debit.
Comments: Taking a smidge of risk/long delta off here. Filled for a 3.00 credit (See Post Below); closing out here with 15 days to go. (3.00-1.90)/2 = .55/$55 profit. Still have the June 3rd 2900, June 10th 2800, and June 17th 2500's on.
Opening: /ES June 10th 2800 Short Put... for a 3.25 credit.
Comments: Another dorky, way out of the money, small engagement trade while I wait on June opex setups. As previously noted, this routes for a 3.25 credit, but max profit is only half that or 1.625 ($162.50).
Opening (IRA): QQQ June 30th 235 Short Put... for a 2.45 credit.
Comments: My weekly broad market short put in the exchange-traded fund with the highest 30-day, targeting the <16 strike paying at least 1% of the strike price in credit in the expiry nearest 45 days until expiry.
Rolling (IRA): SPY May 20th 408 Short Put to July 15th 400... for a 3.62 credit.
Comments: Rolling down and out ... . Total credits collected of 7.75 (See Post Below) plus the 3.62 here for a total of 11.37.
Rolling (IRA): QQQ May 20th 320 Short Put to July 15th 318... for a 2.90 credit.
Comments: Staying mechanical and rolling down and out for a credit. Total credits collected of 5.48 (See Post Below) plus the 2.90 here for a total of 8.38.
Rolling (IRA): IWM May 20th 180 Short Put to June 17th 179... for a 1.86 credit.
Comments: Not getting much strike improvement here, but collected 1% of the strike price in credit. Total credits collected of 1.90 (See Post Below) plus the 1.86 here, for a total of 3.76.
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.
Opening: EWZ June 17th Short Puts... for a .71/contract credit.
Comments: Taking a directional shot on weakness here and in high IVR/IV (92/46). .71/contract credit on buying power effect of 2.71; 26.2% ROC as a function of buying power effect at max; 13.1% at 50% max.
Opening: /ES June 17th 2400 Short Put... for a 3.35 credit.
Comments: Weak ... nessssss. Targeting the strike paying around 3.00 in credit (1.50/$150) max. 1.50 max on BPE of 16.53; 9.1% ROC as a function of buying power effect at max profit; 4.5% at 50% max.
Opening (IRA): QQQ June 24th 255 Short Put... for a 2.26 credit.
Comments: My weekly, broad market short put in the exchange-traded-fund with the highest 30 day IV, targeting the 45 DTE <16 delta strike paying around 1% of the strike price in credit.
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).
Closing: /ES June 3rd 2650 Short Put... for a .90 debit.
Comments: In for a 3.10 credit, (See Post Below); out for a .90 debit. Realized profit of one-half the difference (i.e., 2.20 divided by 2 or 1.10/$110).
Closing: /ES June 17th 2300 Short Put... for a 1.20 debit.
Comments: In for 3.00 (See Post Below), out for 1.20 here; one-half of the difference of 1.80 in profit (i.e., $90 profit).
Opening: /ES June 17th 2300 Short Put... for a 3.00 credit.
Comments: Running another rung as a small, dorky engagement trade while I wait on other stuff. Max profit of 1.50/$150 (half the credit it's routed for) on BPE of 20.62; 7.3% ROC at max; 3.6% ROC at 50% max.
Rolled (IRA): QQQ May 6th 318 Short Put to June 17th 302... for a 3.25 credit.
Comments: Rolled down and out for a credit, decreasing buying power effect, reducing cost basis, and lowering position long delta. Total credits collected of 7.20 (See Post Below) plus the 3.25 here for a total of 10.45.
I could've waited until zero day to do this, but don't like being in nail biters and having to deal with them at the last moment.
Opening: /ES June 3rd 2650 Short Put... for a 3.10 credit.
Comments: Running another of these. As pointed out previously, the options table shows this as worth 3.10, but your max is only half that or 1.55 ($155) on BPE of 19.88. 7.8% ROC at max; 3.9% at 50% max. A basic bet that we don't see 2650 in 35 days.
Opened (IRA): SPY July 17th 345 Short Put... for a 3.55 credit.
Comments: Adding some rungs in high IVR/IV, targeting the <16 delta strike paying at least 1% of the strike price in credit.
Opened (IRA): SPY June 17th 370 Short Put... for a 3.65 credit.
Comments: Layering some additional rungs on in this high IVR/high IV market. Selling the <16 short put paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opened (IRA): QQQ June 17th 265 Short Put... for a 3.00 credit.
Comments: Filled toward the close, targeting the <16 delta strike in the expiry nearest 45 days until expiry paying at least 1% of the strike price in credit in the broad market exchange-traded fund with the highest 30-day IV.
Some of the rungs of this "ladder" are currently in the money, so can contemplate taking on shares/selling call against or rolling them out in time, but we'll deal with each rung in turn as we get to them.
