Comments: With the 365 at 50% max, rolling up intraexpiry to the strike paying at least 1% of strike in credit (the 409 is paying 4.09). Total credits collected of 9.96 + 2.40 = 12.36 minus a current short put value of 4.09, so I've realized gains of 12.36 - 4.09 = 8.27 ($827) so far.
Man, your trading strategy seems so relaxed. Wake up, roll, move on. Stellar stuff! Excited to see your moves when we get a major correction
NaughtyPines
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@DXY_to_0, What's likely to happen are additive trades in shorter duration. I've been kind of been taking profit on shorter duration without rolling because the background implied volatility isn't exactly fantastic here, and those aren't paying at the moment in the wheelhouse I like to play (45 days until expiration or less). For example, an IWM October 22nd (49 days) 16 delta 206 short put was paying 1.94 ($194) today -- less than 1% in credit as a function of the strike price, which is kind of a "go/no go" premium selling metric in broad market for me. And that is in the broad market exchange-traded fund with the highest 30-day implied volatility. With the setups I have on currently, I kind of just have to ride out any storm, remain calm, and deal with each individually as they approach their respective expiries.
masoudesigner
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Great Trade Naughty, What do you mean by saying "With the 365 at 50% max"? Thank you
NaughtyPines
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@masoudesigner, The 365 short put has decreased in value by >50%. Conversely, it's in profit by >50%. "Max" is "max profit," which is realized when the short put converges on worthless.