... for a 23.99 debit.
Comments: Buying 2 x the 75 delta puts and selling the 50 delta put strike in the March expiry on strength here to create a synthetic -100 net delta short position with a 151.01 break even in 20+ year paper. Will start to look to take profit at 110% of what I put it on for.
$LCID +$50 C 11/26 *SWING*
will be holding this position for a few days
Price targets: $50, $51
Technical Analysis:
Break over hourly supply
C = calls
17k open interest on LCID $50 C 11/26 C
23k open interest on LCID $51 11/26 C
... for a 5.02 credit.
Comments: High IVR/high IV here. I looked at various ways to get around the awful call side skew and decided to just short straddle it. Break evens at 11.98 and 22.02 with delta/theta at -16.85/4.32. Will look to take profit at 25% max.
I'm indicating that it's "short" because of the net delta metric, but it can wander around anywhere...
... for a 1.77 credit.
Comments: Rolling down the short call aspect of my December 23rd short strangle to cut net delta/directionality. Collected a total of 6.01 in credits so far. (See Post Below). The resulting position is still net delta long, just not as long as it was.
... for a .68 credit.
Comments: Selling a delta cutter against the 43 short put I already have on in the cycle (See Posts Below) to cut net delta/directionality, so I've now got a January 21st 43/55 short strangle on with a cost basis of 2.28. The position remains net delta bullish.
... and selling the 19/27 long straddle aspect for an .86 credit total.
Comments: This originally started as a 19/23/23/27 iron fly, for which I received a 1.86 credit. (See Post Below). I closed out the longs for a .42 credit and then rolled to naked "as is" to the January 21st monthly for a .44 credit with the net delta of the position now being bullish...
... for an .82 credit.
Comments: Rolled the short call aspect of my December 23rd short strangle to cut net delta in half. I originally opened this for 3.42 (See Post below) with a take profit target at 1.71, so am revising my take profit to 1.71 plus the credit received for the roll of .82 or 2.53.
The net delta of this short strangle (short put + short call)...
... for a 1.27 credit.
Comments: This is the short call aspect of a December 17th short strangle. I rolled the call side down on approaching worthless to cut net delta by about half. As a standalone trade, it's short delta, but that is offset by the short put aspect's long delta, so looked at holistically, it's more of a neutral assumption setup when you look...
... for a .75 debit.
Comments: In for 1.49 (See Post Below), out today at 50% max via a good until cancelled order, a .74 ($74) profit. 30-day is still good in this underlying at 85.2%, so may re-up when the January monthly gets a little shorter in duration. (It's currently 59 days out).
* -- I had to squeeze in the strikes on the chart in order to get them...
... for a 3.63 debit.
Comments: In for 4.84 (See Post Below), out of the short straddle aspect and the long call for 3.63 today, a 1.21 ($121) profit. The 18 long put was no bid, but I've entered an order to close it if someone will take it off of my hands for .05. Otherwise, I'll just let it expire worthless.
... for a 1.95 credit.
Comments: Cleaning up my longer-dated SPY strategy short put ladder a little bit here while I wait to start putting on other positions in 2022 expiries. The January 21st 397 is at greater than 50% max, so rolling it out to the April strike paying at least 1% of the strike value in credit instead of adding units. I've collected a total of...
... for a .47 debit.
Comments: Plain Jane profit-taking here. Rolled this a few times, collecting a total of 8.59 in credits. (See Post Below). Closing this out here results in total realized gains of 8.12 ($812).
... for a 3.15 debit.
Comments: My dog got into my brokerage account and took this trade (and then ordered a bunch of Bark Box stuff).
Buying two 75 deltas out in May, selling the 50 delta to yield a synthetic position with a delta metric of around +100. I'll start looking at taking profit at 120% of what I put it on for.
