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Shortput

Opening (Margin): CHWY January 21st 42 Short Put... for a 1.00 credit. Comments: Selling some 16 delta premium in CHWY post-earnings in the implied volatility afterglow (30-day is still currently at 66.9%). I considered short strangling it, but there's some skew to the call side with wonky five wides, so am just going bullish assumption on it instead. Delta/theta: 15.79/3.03; 1.00 max profit on buying power effect of 4.22 (on margin): 23.7% ROC as a function of buying power effect; 11.8% ROC at 50% max.
NYSE:CHWYLong
by NaughtyPines
18
Rolling (IRA): SPY February 18th 362 to 416... for a 2.65 credit. Comments: Part of a longer-dated premium selling strategy in broad market ... . With the 362 at 50% max (there's only 1.46 left in it), mechanically rolling it up to the strike paying at least 1% of the strike price in credit, so long as it's less than 16 delta and greater than 45 days' duration. (The 416's at the 14 delta strike and the February monthly is of 71 days duration). Total credits collected: 19.24 (See Post Below) + 2.65 = 21.89 ($2189) relative to a current short put value of 4.14, so I've realized gains of 21.89 - 4.14 or 17.75 ($1775) so far.
AMEX:SPYLong
by NaughtyPines
3
Rolling (IRA): SPY February 18th 335 to 362... for a 1.21 credit. Comments: Adjusting a rung of my longer-dated premium-selling strategy in SPY* to lock in realized gains and take advantage of this higher volatility environment. I've collected a total of 18.03 (See Post Below) + 1.21 or 19.24 with rolls with this contract relative to a current short put value of 3.66, so have realized gains of 19.24 - 3.66 or 15.58 ($1558) so far. Will generally look to roll at 50% max. * -- The basic strategy is to sell the shortest duration premium in SPY at 16 delta or less that is paying at least 1% of the strike price in credit and to roll intraexpiry (as I did here) or from month to month at 50% max (i.e., when the short put reaches 50% profit).
AMEX:SPY
by NaughtyPines
Rolling (IRA): SPY January 21st 397 to April 14th 360... for a 1.95 credit. Comments: Cleaning up my longer-dated SPY strategy short put ladder a little bit here while I wait to start putting on other positions in 2022 expiries. The January 21st 397 is at greater than 50% max, so rolling it out to the April strike paying at least 1% of the strike value in credit instead of adding units. I've collected a total of 8.17 + 1.95 with rolls so far for a total of 10.12 relative to the April 14th 360 short put value of 3.79, so have realized gains of 6.33 ($633) to date.
AMEX:SPYLong
by NaughtyPines
Rolling (Margin): EWZ December 17th 25 Short Put to January 21st... for a .32/contract credit. Comments: Rolling here at greater than 50% max for a realized gain and a credit while keeping buying power effect essentially the same, since I'm rolling this "as is" (i.e., from the December 25 strike to the January 25 strike). I originally collected .58 in credit/contract (See Post Below), so have collected a total of .90 ($90)/contract with this roll relative to a current short put value of .57, so have locked in .37 ($37) of realized gains so far. 30-day implied is still pretty decent at 41.3%; otherwise, I'd probably just leave it alone running into expiry.
AMEX:EWZLong
by NaughtyPines
Rolling: KWEB December 17th to January 19th 43 Short Put... for a .56/contract credit. Comments: Rolling out at >50% max here for a realized gain and a credit and without taking on additional risk. I originally filled this a 1.04/contract credit (See Post Below), so have collected a total of 1.56 relative to a short put value of 1.04 (i.e., realized gains of 1.56 -1.04 = .54/$54). Implied remains relatively decent here at a 30-day of 45.4%. If it had dropped below 35%, I'd probably just take profit and move on.
AMEX:KWEBLong
by NaughtyPines
Rolling (IRA): SPY December 17th 388 to January 422 Short Put... for a 3.60 credit. Comments: Part of a longer-dated strategy. With the December 17th 388 way past 50% max (it's currently valued at .67), rolling it up and out to the January strike paying at least 1% of the strike price in credit. I've collected a total of 15.40 (See Post Below) plus the 3.60 here for a total of 19.00 relative to the January 422 short put value of 4.25, so have realized gains of 14.75 ($1475) so far.
AMEX:SPY
by NaughtyPines
4