... for a .70 debit. Comments: In for 1.41 (See Post Below), out for .70 today (50% max) with 37 days to go, probably due in no small part to the volatility crush. 30-day was at 341% when I put it on; it's now at 276%. I'll take 6.0% ROC for five days' "work" any day.
... for a 1.40 ($140) credit. Comments: Okay, okay, okay ... . I'll bite. With 30-day implied volatility at a whopping 341%, taking a really conservative approach to this by selling the 5 delta strike and buying the 0 (it's probably greater than 0, but they've rounded to the nearest delta). By buying the cheap put (it costs .08 here), I define my risk,...
... for a 4.00 credit. Comments: Selling the 16, buying the 13 in the expiry nearest 45 days until expiry to emulate dollar cost averaging into the market with more room to be wrong than buying shares at-the-money. Generally, take profit at 50% max, loss at two times credit received. 8.0% return on capital at max/71.2% annualized; 4.0% ROC at 50% max/35.6% annualized.
... for a 2.60 debit. Comments: Put on for 5.20 (See Post Below), hit my order to close at 50% max this morning with 28 days to go. 2.60 ($260) profit.
... for a 4.10 credit. Comments: Instead of moving the spread in to force a given credit (which is what I did previously), selling the 16 and buying the 13 delta strikes here, in essence dollar cost averaging into the market. 8.93% ROC at max/77.6% annualized; 4.47% ROC at 50% max/38.8% annualized at 50% max.
... for 2.60. Comments: Hit my good until cancelled order to take profit at 50% max at open with 33 days to go. In for 5.20 (See Post Below), out for 2.60; a 2.60 ($260) winner. Still have some June 25th and July 2nd on.
... for a 2.90 debit. Comments: This isn't quite at 50% max (See Post Below), but taking profit here on this up move/volatility contraction with 24 days to go. In for 5.10, out for 2.90; 2.20 ($220) profit per contract.
... for a 5.20 credit. Comments: Selling the short put vertical nearest 45 days until expiry that pays at least 10% of the width of the spread. Generally, take profit at 50% max.
... for a 5.10 credit. Notes: A bullish assumption short put vertical paying at least 10% of the width of the spread in the expiry nearest 45 days until expiry. Will generally look to take profit at 50% max or so.
... for a 5.10 credit. Notes: A 50-wide paying at least 10% of the width of the spread in the expiry nearest 45 days until expiry. Will look to take profit at 50% max; take loss at 2 x credit received.
... at 50% max. Notes: In for 5.10 (See Post Below), out at 50% max. 2.55 ($255) winner, 5.0% ROC for 6 days' worth of "work."
... for a 5.10 credit. Notes: It's like the market knows that I'm on the road/vacation. Sticking with the monthly (44 days) here.
... for a 5.10 credit. Notes: Probably should wait until I get back from vacation, but wanted to take advantage of this down move a little bit here. Selling the 18, buying the 15 delta here to get into a spread paying at least 10% of the width in credit. For smaller accounts, the correspondent SPY short put vertical would be the June 18th 382/387 -- selling the...
... for a .45/contract debit. Notes: Hit 50% take profit today. In for .91 (See Post Below), out for .45, .46 ($46) profit per contract, 11.2% ROC as a function of buying power effect. With earnings in 11 days, money, taking, running ... .
... for a 5.20 credit. Notes: Opening a 10%-er* in the expiry nearest 45 days. Will look to take profit at 50% max or greater/take loss at 2 x credit received. * -- Credit received is 10% of the width of the spread.
... for a .54/contract credit. Metrics: Max Profit: .54 ($54)/contract Max Loss: 4.46 ($446)/contract Break Even: 339.46 Probability of Profit: 86% Probability of 50% Max: 88% ROC %-age: 12.1% at max; 6.1% at 50% max/96.0% annualized at max; 48.0% at 50% max Notes: Opening a 45 days 'til expiry 10%-er in one of the smaller accounts I'm working. Will look to...
... for a 5.10 credit. Metrics: Max Profit: $510 Max Loss: $4490 Break Even: 3334.90 Delta/Theta: 2.6/6.75 ROC: 11.4% at max; 5.7 at 50% max; 83.22% annualized at max; 41.61 at 50% max. Probability of Profit: 87% Notes: A 10%-er in the expiry nearest 45 days in duration, opened late in the session. For smaller accounts, consider selling a short put vertical...
... for a .52/contract credit. Notes: Opened a 10%-er (credit received is 10% of the width of the spread) in the expiry nearest 45 days 'til expiration. Will manage at 50% max or 2 x credit received. For larger accounts, consider going wider with the SPY spread, or spreading /ES (e.g., January 15th 3220/3270, paying 262.50) (the equivalent of a 5 x 5* SPY) or...