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Shortput

Rolling (IRA): SPY December 17th 376 Short Put to December 31st361 Short Put ... for a .04 credit. Comments: Another window dressing trade where I want to reduce risk temporarily in this low volatility environment, while locking in realized gains. Here, I've collected 8.59 in credits with rolls (See Post Below) relative to a short put price for the 361 of 1.06, so have realized gains of 7.53 ($753) so far. Will look to take this off on approaching worthless if we don't get a bump in volatility running into expiry.
AMEX:SPY
by NaughtyPines
Rolling (IRA): SPY November 19th 409 Short Put to November 26th401 Short Put for a .05 credit. Comments: A little "window dressing" roll to lock in the realized gains of the 409 short put, while simultaneously reducing risk. I've collected 12.36 in credits via rolls with this so far, (See Post Below), relative to a current short put value for the November 26th 401 of .92, so I've locked in 12.36 - .92 or 11.44 ($1144) of gains so far. I'd ordinarily just roll this out for duration, but would prefer a higher implied volatility environment to do that, so will look to take this off on approaching worthless if we don't get a volatility bump between now and expiry.
AMEX:SPYLong
by NaughtyPines
Rolling (IRA): SPY November 19th 401 to March 18th 348 Short Put... for a 2.76 credit. Comments: With only .72 of extrinsic left in the November 19th 401, cleaning up my longer-dated premium selling strategy in SPY by rolling out to the March 348 -- the strike that's paying at least 1% of the strike in credit. I've collected 13.31 (See Post Below) + 2.76 with this roll for a total of 16.07 so far relative to a value for the 348 of 3.49, so I've realized gains of 16.07 - 3.49 or 12.58 ($1258). Ordinarily, I would've just rolled it out a month, but the 16 delta strike in December is paying <1% of the strike price, so opted to "leap frog" this over short puts I already have on in the December, January, and February monthlies.
AMEX:SPY
by NaughtyPines
Rolling (IRA): SPY November 19th 379 to December 17th 388 SP*... for a 2.21 credit. Comments: Part of a longer-dated strategy to keep maximal buying power deployed, even in "locally" (i.e., <45 days until expiry) low implied volatility environments. Here, the November 17th 379 is at 50% max, so rolling it out to the strike in December paying at least 1% of the strike in credit which is the 388, paying 3.96. Up to this point, I've collected a total of 13.19 (See Post Below) in credits. With this roll, I've collected 13.19 + 2.21 = 15.40 relative to the December 17th 388 short put value of 3.96, so I've realized gains of 11.44 ($1144) so far. * -- Short Put
AMEX:SPY
by NaughtyPines