Opening (IRA): SMH January 19th 115 Short Put... for a 1.27 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the underlying. I currently have a December 125 and January 120, so this is at a better strike than what I currently have on.
Shortput
Opening (IRA): IWM Dec 19th/Jan 19th 146/142 Short PutsComments: Squeezing in a couple of extra rungs here at strikes better than what I currently have on, targeting the <16 strike paying around 1% of the strike price in credit.
December 29th 146: 1.47 credit
January 19th 142: 1.47 credit
After this, will primarily look to do "housekeeping" trades running into the end of the year ... .
Opening (IRA): TLT October 20th 93 Short Put... for a .74 credit.
Comments: Adding in an October rung here in 20 year+ maturity paper after taking off my July rung. 30-day IV remains higher than SPY.
Am fine with getting assigned shares if that happens. Prior to COVID, I had a rather large TLT covered call position in my IRA, but felt compelled to take profit on it at or near COVID highs and have been looking to get back in ever since then.
Opening (IRA): XBI October 20th 76 Short PutComments: Looking to sell the around the 30 delta here in the October monthly, which is more aggressive than I usually go, but am fine with taking assignment, selling call against if it comes to that.
Currently, the strike is bid 1.45/ask 1.65 with a 1.55 mid, so will look to get a fill "in that neighborhood."
Just looking for some "engagement" in this broad market, low IV environment with my standard go-to's (IWM, QQQ, SPY) at 17.8%, 18.8%, and (ugh) 13.6%, respectively for their 30-days.
Opening (IRA): SMH November 17th 130 Short Put... for a 1.32 credit.
Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the semiconductor ETF.
I have no current position on in SMH, so will look to add at intervals should IV remain decent (it's currently at 28.7%, but at the low end of its 52-week range).
$WBA 11DTE SHORT PUT 10% profit target #WBA #options10% TP for my cap in 10 days? It's good....
Any kind of naked PUTs on big instrument are my favorite at high IVR with divergence.
My choice for today: Walgreens Boots Alliance Inc.
Reasons:
- RSI is already oversold with big divergence
- breakeven point is little close, but allowed loss ($50 max) is manageable
SETUP:
NAKED PUT for NASDAQ:WBA , because IVR is high, for 0.7cr
* Sell 2 NASDAQ:WBA OCT13 '22 PUT
Max profit: $152
Probability of 50%Profit: 72% (TP: $95)
Profit Target relative to my Buying Power: 10%
Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 84 (very high)
Expiry: 11 days
SOLD OCT13'22PUT @ 0.76cr
Opening (IRA): TSLA November 17th 190 Short Put... for a 2.31 credit.
Comments: High IV at 56.7%. Targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into Tesla without actually being in the stock. I'll consider adding if I can get in at better strikes than this starter position.
Earnings are on October 18th, so will be looking to "play through."
Opening (IRA): SMH November 17th 125 Short Put... for a 1.26 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the semiconductor exchange-traded fund. Here, I'm adding a rung at a better strike in the November monthly than what I currently have on.
EURCHF: Short Trade with Entry/SL/TP
EURCHF
- Classic bearish setup
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SUGGESTED TRADE:
Swing Trade
Short EURCHF
Entry Point - 0.9644
Stop Loss - 0.9672
Take Profit - 0.9585
Our Risk - 1%
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Opening (IRA): SPY January 19th 375 Short Put... for a 3.76 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Going out to January here, because I already have quite a few rungs on in the Nov and Dec monthlies, as well as the Dec 29th.
I may still try to squeeze some rungs in November and December if that turns out to be productive and/or at better strikes than I currently have on.
Opening (IRA): IWM December 29th 155 Short Put... for a 1.56 credit.
Comments: Rounding out rungs in the last of the available expiries in the 4th quarter, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market using short puts.
If I had nothing on in IWM, I'd probably go shorter duration (e.g., November 17th) where the 165 is paying 1.75 at the moment; I already have a rung at that strike, so am going out farther in duration to keep theta on and burning. The same would probably go for my Friday stuff in the Q's and in SPY.
Opening (IRA): IWM Nov/Dec 165/159 Short PutsComments: Targeting the <16 strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Filled the November 17th 165 for 1.71 credit; the December 15th 159, for 1.60.
Will generally look to take profit at 50% max or roll down and out for duration and a credit if tested.
Opening (IRA): TLT October 27th 91 Short Put... for a .96 credit.
Comments: Adding on weakness, targeting the strike paying around 1% of the strike price in credit in the contract nearest 45 days duration.
This is more aggressive than I usually do, since it's at the 30 delta, but I'm looking to pick up shares at or around these lows if at all possible. Because of this, I'll look to run these right up until expiry and/or take them off for "approaching worthless"; I immediately stuck an order in to close it if it gets to .05.
If I get assigned, I'll look to cover with short call.
Opening (IRA): SPY Dec 15th/Dec 29th 391/384 Short PutsComments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Laddering out in successive expiries to disperse risk over time.
Will generally look to take profit at 50% max or roll down and out for a credit if tested.
December 15th 391: 3.96 credit
December 29th 384: 3.86 credit