... for a .42 credit. Comments: Down ... and out. Originally collected .95 (See Post Below); with the .42 here, 1.37 total.
... for a .97 credit. Comments: Alas, this could not be meaningfully strike improved, so just rolling it out as is. The deeper the in-the-money it is, the farther out in time you have to go to get paid something decent ... . Collected .79 originally (See Post Below) plus the .97 here for a total of 1.76.
... for an .85 credit. Comments: Another that can't be meaningfully strike improved without paying a debit ... . Collected .75 originally (See Post Below). With the .85 here, 1.60 total. And that ... ends the November contract housekeeping portion of our show. Unfortunately, I'll probably have to do some more of this in the December contract (ugh).
... 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.
... 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 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 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 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 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 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 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 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 .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: Down a smidge and out. .76 collected originally. (See Post Below). With the .65 collected for the roll, 1.41 total.
... 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 .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...