... for a 2.10 credit.
Comments: Starting to erect rungs in the second quarter (April, May, June). QQQ doesn't have an April yet, and I already have a SPY rung on out in that contract, so just doing the small caps here. Targeting the <16 delta strike paying around 1% of the strike price in credit.
I'll naturally look to add in shorter duration should we get a...
... for an 8.15 debit.
Comments: The IV in here is redonk (IVR 96/IV 238.6%), no doubt because the merger decision between SAVE and JBLU is in a court room, with the trial scheduled to finish up at year end and a ruling to follow thereafter. At the moment, the buyout proposal is for $33.50/share and/or a $29.80 "Deal-Through Price." While most are probably...
... for a 1.20 credit.
Comments: Adding a rung out in the Dec 29th expiry at a strike better than what I currently have on.
Since I'm in an acquisitional frame of mind with TLT, I'm pretty much going to run with these until they're approaching worthless (i.e., <.05). If I get assigned, I'll proceed to sell call against.
... for a 3.60 credit.
Comments: High IV/IVR (115.3%/36.3%). Looking for this to "behave" between the 11.40 and 18.60 break evens for a few weeks ... .
Metrics:
Max Profit: 3.60 ($360)/contract
Profit at 25% Max: .90 ($90)
Buying Power Effect: 3.40 ($340)/contract
ROC as a Function of Buying Power Effect at 25% Max: 26.5%
Break Evens: 11.40/18.60
Delta/Theta:...
... for a .42 credit.
Comments: Received an .88 credit for the 88 (See Post Below); rolling it down and out for a .42 credit. Total credits collected of 1.30.
If I'm going to get assigned, lower is naturally better, even if it's only a strike ... .
... for a .65 credit.
Comments: Originally opened this for .77 (See Post Below); rolling down and out for a .65 credit. Total credits collected of 1.42.
I may still get assigned, but at a slightly better price than were I to just have left it alone.
... for a 4.47 credit.
Comments: Had to go out to April here to get paid what I'm looking for, which is no surprise with VIX at 52-week lows.
Targeting the shortest duration <16 delta put paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will naturally look to add in shorter duration should we get a...
... for a 3.51 credit.
Comments: Targeting the shortest duration <16 delta put paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will naturally look to add in shorter duration should we get a sell-off and/or up-tick in IV that makes that worthwhile.
... for a 1.66 credit.
Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I'll naturally look to add rungs in shorter duration if we get a sell-off/pop in IV.
... for a .85 credit.
Comments: Targeting the strike paying around 1% of the strike price in credit, looking to acquire shares should we get "down there."
I would've erected a rung in shorter duration, but didn't want to do that if I couldn't get in at a strike that was better than what I currently have on.
... for a 1.12 credit.
Comments: Squeezing in another rung in the December monthly at the 28 delta 89 strike ... .
Since I'm getting kind of a spaghetti works here, will primarily look to add in the 45 DTE weeklies and manage the rest of the pasta as duration in those positions shortens.
Comments: Targeting the 16 delta strike here in successive expiries to generate free cash flow and emulate dollar cost averaging into 20 year+ maturity paper.
October 20th 89: .77 credit.
November 17th 87: .76 credit.
December 15th 86: .84 credit.
Since these aren't paying buckets of cash on a per contract basis, I'll look to manage these on extrinsic...
... for a .26 credit.
Comments: I could let this ride, but would rather be assigned at a lower strike (if it comes to that). Collected .86 for the 91 (See Post Below). Another .26 here results in 1.08 collected.
... for a .33 credit.
Comments: Rolling down and out ... . Originally collected .89 for the 94 (See Post Below). With the credit received for the roll, I've collected a total of 1.22.
Comments: Targeting the 16 delta strikes in November and December to erect rungs at strikes better than what I currently have on to emulate dollar cost averaging into 20 year+ maturity paper.
November 17th 86: .83 credit
December 15th 84: .79 credit
Here, I'm fine with getting assigned and proceeding to sell short call against, but want to get in at the biggest...
... for a 4.15 credit.
Comments: Adding a rung in the first quarter, targeting the shortest duration <16 delta put paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Since I have next to nothing on, I'll look to add on weakness and/or upticks in IV ... .
... for a 1.72 credit.
Comments: Adding another rung to my TSLA (IV 54.9%) position at a strike better than what I currently have on in December at the 175, targeting the strike paying around 1% of the strike price in credit.
