Benji

Benji Updated 

Cash flow play here. Sold $INTC $34 put for $.56, 1.46 return on capital over the next 25 days. I'll look to rinse and repeat until assigned and then sell calls again. Breakeven is $34 - .56, or $33.44.

Benji Updated 

First Solar Earnings tonight, IV is juiced. Aug 18 $40 put for $.88, offering 2.2% ROC here.

Benji

GLW has 40 IVR, with decent ROC at the $29 strike. I bought the 23 put just to reduce some of the capital reduction for now, but if assigned, I'll make room to take these shares and then sell calls. 23/29 Sept 15 put spread @ $0.44, 2 contracts.

Benji Updated 

Starting to try a cash flow method on a low priced stock. NOK has earnings soon, so IV is pumped up here. $6 put was trading for $.15 when I sold them, ~2.5% premium for $600 in stock over the course of 25 days. If I am assigned, I'll look to sell calls immediately again, hoping to get the stock called away and start the process over. If I am stuck holding the...

Benji

Volatility in $X is still up yet from earnings. Sept 15 $23 puts @ .64. 2.78% ROC in 51 days, possibly sooner if we get some drawn out quickly.

Benji

XOP is also offering up a decent ROC for September expiration. $31 strike is 2.1% ROC over 51 days. Sept 15 $31 put for $.66.

Benji Updated 

Cash flow play here. Sold $KR $22.5 put for $.32, 1.4% return on capital over the next 25 days. I'll look to rinse and repeat until assigned and then sell calls again.

Benji Updated 

$AMD earnings soon. $13 strike is offering 4.7% ROC right off the bat ($.61/contract). This reduces basis to $12.39, where if assigned, I would immediately turn around to sell calls.

Benji Updated 

Cash flow play here. High IV in CAT due to earnings soon. $100 put is trading for $1.15, or 1.15% ROC. This is 7.4% below the current price. We are looking at around $2.16 in premium per day, if not more if the premium gets sucked out faster. CAT currently has a 2.93% divvy yield as well, if I do happen to get assigned shares. Upon being assigned, I would look...

Benji

Synthetic Strangle here on NFLX for September Exp. $2.42 credit received, $4.84 stop loss, $1.21 target profit. Will roll the opposite side if one of the shorts gets tested.

Benji Updated 

Just wanting to establish a core position here in SPY in one of the larger accounts. I will wait for some higher IV to continue to start layering on trades. Went around the .20 delta on the put side, .16 delta on the call side. 58% POP. Trade Setup: - 1 SPY Apr 21 219/228/245/251 Iron Condor (Synthetic Strangle) @ $1.22 DTE: 53 Max Win: $122 Max Loss: ...

Benji Updated 

XRT is still about the only ETF with nice premium out there. I went with a synthetic straddle in this case, similar to the smaller Iron Flies I did in the other accounts. Trade Setup: - 1 XRT Apr 21 38/44/44/50 Iron Fly (Synthetic Straddle) @ $2.40 DTE: 53 Max Win: $240 Max Loss: $360 Breakevens: 41.60 & 46.40 Trade Management: I will look to take...

Benji Updated 

Junior Minors have been beat up a bit lately, looking for some sideways action for a bit. Trade Setup: -1 GDXJ 29/37/37/45 Iron Fly (Synthetic Straddle) @ $4.34 DTE: 51 Max Win: $434 Max Loss: $366 Break evens: 32.68 & 41.34 Trade Management: 25% or ~$108 on the trade for profit management. I will look to take this as a full loser if we get some...

Benji

Trade Setup: -1 TLT May 19 114/122/122/130 Synthetic Straddle @ $4.00 DTE: 53 Max Win: $400 Max Loss: $400 Breakevens: $118 & $126 Trade Management: 25% profit; Full loser, will take off near worthless side if we test an extreme. Green zone is profit; Vertical black bar is expiration.

Benji

Trade Setup: -1 XLF May 19 20/23/23/27 Synthetic Straddle @ $1.26 DTE: 53 Max Win: $126 Max Loss: $126 (1x credit received) Breakevens: $21.74 & $24.26 Trade Management: 25% profit; 1x credit received loss Green is profit zone; Vertical black bar is expiration.

Benji

Trade Setup: -1 IWM May 19 123/133/133/143 Synthetic Straddle @ $5.84 DTE: 53 Max Win: $584 Max Loss: $416 Breakevens: $127.16 & $138.84 Trade Management: 25% profit; Full loser, will eliminate a side if near worthless. Green is profit zone; Vertical black bar is expiration.

Benji

Trade Setup: -1 SPY May 19 225/235/236/245 Synthetic Strangle @ $5.51 DTE: 56 Max Win: $551 Max Loss: $449 Breakevens: $229.49 & $241.51 Trade Management: 25% winner; full loser. Will take off a side if nearly worthless; Will roll put out if ITM at expiration. Green is profit zone; Vertical black bar is expiration.

Benji

Trade Setup: -1 MU May 19 23/29/29/35 Synthetic Straddle @ $3.01 DTE: 56 Max Win: $301 Max Loss: $299 Breakevens: $25.99 & $32.01 Trade Management: 25% profit; Full loser, will roll out short put spread if ITM at expiration. Green is profit zone; Vertical black bar is expiration.