... for a 7.14 credit. Comments: Inverting my short strangle here ... . Total credits collected of 22.93 on a 15 wide inverted that is currently marking at 26.83 (ugh). Resulting delta/theta of 20.11/26.27 with a cost basis of 182.07 if assigned on the 205 short put.
... for a 2.51 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
... for a 1.40 credit. Comments: A pure directional shot at 52-week lows with plenty of room to be wrong. 1.40 credit on buying power effect of 10.04; 13.9% ROC at max as a function of buying power effect; 7.0% at 50% max. * -- An out-of-the-money short put is neutral to bullish assumption, with max profit being realized on a finish at or above the short put strike.
... for a 3.00 credit. Comments: Another rung at a better strike I currently have on, targeting the <75% of current price strike paying around 3.00 in credit.
... for a 2.95 credit. Comments: Adding a couple rungs here on weakness at lower strikes than I currently have on. Targeting the <75% of current price strike paying around 3.00 in credit.
Nasdaq, potential setup to go short, targeting the zones below where price could reverse and go long
... for a 2.75 credit. Comments: (Late Post). Rolled this out on Friday to be out of September contracts and to reduce risk, cost basis, and buying power effect. Opened this for a 2.95 credit. Credits collect of 2.95 (See Post Below) plus the 2.75 here for a total of 5.70.
... for a 2.02 credit. Comments: (Late Post). Rolled this out late on Friday so that I can be out of September contracts, as well as reduce buying power effect and cost basis. Credits collected of 1.80 (See Post Below) plus 2.02 for a total of 3.82.
... for a 2.73 credit. Comments: Adding rungs on weakness/higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
... for a 3.07 credit. Comments: Adding rungs on weakness/higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
... for a 3.16 credit. Comments: Adding rungs on weakness, higher IV. Targeting the <16 delta strike paying around 1% of the strike price in credit.
... for a .51 credit. Comments: Smidge of delta adjustment here. Total credits collected of 6.68. Resulting delta/theta of 13.99/17.18 with the setup marking at around 6.22. I rolled this once for duration already, so probably should just take profit here and move on, but wanted more than .46 ($46) out of it. We'll see if that bites me in the hinder or not ... .
... for a 2.75 credit. Comments: Targeting the <16 strike in the shortest duration expiry that is paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
... for a 3.92 credit. Comments: Delta balancing back to delta/theta ratio of <1/1. Total credits collected of 15.79. Current delta/theta: 17.48/25.39 and marking at 17.90 or so, so I'm underwater on the position by 2.11 ($211) or so.
... for a 3.10 credit. Comments: Adding a smidge more to my ladder on weakness. Targeting the <75% of current price strike nearest 45 days until expiry paying around 3.00 in credit. 1.55 max on buying power effect of 14.49; 10.7% ROC at max; 5.3% at 50% max as a function of buying power effect. As before, I'll look to take off the most at-risk strikes first...
... for a 3.05 credit. Comments: A little bit long-dated for some, but putting this on while I'm waiting on other stuff to "ripen." Targeting the <75% of current price strike paying around 3.00 in credit. A basic bet that we don't see 1800 by January or that the option reaches 50% max before then.
... for a 3.40 credit. Comments: Targeting the <75% of current price strike paying around 3.00 in credit. 3.40 on buying power effect of 13.19; 25.8% ROC as a function of buying power effect at max; 12.9% at 50% max. I would have used November, but have short puts at the 2300 and 2400 strikes already (which is where I would've wanted to camp out). A basic bet...
... for a 2.47 credit. Comments: Targeting the <16 delta strike in the November monthly paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.