Opening (Margin): IWM February 18th 198/233 Short Strangle
... for a 3.57 credit.
Comments: I'm pretty much in everything at the top of the exchange-traded fund board and wanted to deploy a little more buying power before the February monthly shortens too much in duration, so selling premium in the broad market exchange-traded fund with the highest background implied. 3.57 on buying power effect of 28.05 (on margin); 12.7% ROC at max; 6.4% at 50% max. Will look to take profit at 50% max; manage sides on approaching worthless/side test.
Comments: I'm pretty much in everything at the top of the exchange-traded fund board and wanted to deploy a little more buying power before the February monthly shortens too much in duration, so selling premium in the broad market exchange-traded fund with the highest background implied. 3.57 on buying power effect of 28.05 (on margin); 12.7% ROC at max; 6.4% at 50% max. Will look to take profit at 50% max; manage sides on approaching worthless/side test.
Comment:
Rolling the short call down to the 214 for a 1.32 credit. Total credits collected of 4.89.
Trade active:
Rolling the 214 down to the 196 for a 4.20 credit, so I'm now slightly inverted (i.e., 196C/198P). Total credits collected of 9.09.