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Shortput

Rolling (IRA): SPY May 21st 360 Short Put to the May 21st 381... for a 1.41 credit. Notes: With 45 days to go and more than half the extrinsic in the 360 shortie pissed out, rolling up to the 381 short put to lock in the realized gain. Naturally, this isn't ideal here, with 30-day having crushed into around 17.8% with the preference being to wait for weakness and higher volatility, but I'm opting to stay mechanical here, since this was intended as an "all weather" strategy (i.e., sometimes IV will be higher; sometimes it will be lower; you just take what the market gives you). Total credits collected of 9.49.
AMEX:SPY
by NaughtyPines
2
Rolling (IRA): SPY August 20th 250 Short Put to August 20th 300... for a 1.69/contract credit. Notes: Some more take profit rolling. Here, the August 20th 250 is approaching 50% max, so rolling it up to the strike paying at least 1% of the strike price, which is the 300 in the expiry (currently paying 3.01 at the mid). Realized gain of 1.30 or so ($130)/contract with total credits collected of 4.29/contract. On a more practical bent, I want to get everything rolled up, assess available buying power, and make a determination about whether I should hand sit for a bit here or deploy more.
AMEX:SPYLong
by NaughtyPines
Rolling (IRA): SPY Dec 17th 175 Short Put to Dec 17th 240... for a 1.52/contract credit. Notes: With the December 17th 175 nearly at 50% max, rolling it up for a realized gain of around .90 ($90) to the strike paying around 1% of the strike price (the 240 is paying around 2.45 at the mid). Total credits collected of 1.81 (See Post Below) plus 1.52 or 3.33/contract. ROC at max now at 1.38% as a function of notional risk. When I put this on at the end of last year, I fully expected to have to wait until about half way through the cycle (which would have been around some time in June) to get to 50% max, but we've had a combination of up grind plus a bit of volatility contraction that gave me an assist in reaching ~50% max earlier. Naturally, rolling up increases buying power effect, so you can naturally consider whether you should roll out instead (e.g., from the December 175 to the January 230 for instance, where the 230's paying 2.37), so that the resulting change in buying power effect is less.
AMEX:SPYLong
by NaughtyPines