... for a 1.73 credit. Comments: Adding a rung out in the April monthly as part of a longer-dated strategy to emulate dollar cost averaging into the broad market using SPY, IWM, and QQQ. Targeting the strike paying at least 1% of the strike price in credit. Will generally look to roll at 50% max.
... for a 2.65 credit. Comments: Part of a longer-dated strategy to emulate dollar cost averaging into the broad market utilizing options in IWM, QQQ, and SPY. Here, targeting the strike in May paying at least 1% of the strike price in credit. (I already have "rungs" in March and April). Will generally roll at 50% max.
... for a 2.30 credit. Comments: As with the short puts I sold in IWM and QQQ in the sell-off, this one also is at greater than 50% max. Here, I rolled it out farther in time to start to fill out longer-dated expiries at intervals, again targeting the short put strike paying at least 1% of the strike price in credit, after which I'll roll the short put up at 50%...
... for a 2.40 credit. Comments: As with my IWM short put filled in the depths of the sell-off, there was far less extrinsic in the 280 than there was a few short days ago. Rolled out to April strike paying at least 1% of the strike price in credit, which is the 305, paying 3.19 or so. I collected 3.00 for the 280 (See Post Below) and 2.40 for the roll here,...
... for a 1.24 credit. Comments: After a few short days, this one's already at 50% max, so I rolled it out to 16 delta strike in the expiry nearest 45 days. Total credits collected of 2.59 (See Post Below) plus the 1.24 here or 3.83 relative to the 181 short put price of 2.13, so I've realized gains of 1.70 ($170) by rolling here.
... for a 2.59 credit. Comments: Selling the weekly nearest 45 days until expiry/strike nearest 16 delta in the broad market exchange-traded fund with the highest 30-day on the board to emulate dollar cost averaging into small caps.
... for a 4.02 credit. Comments: At the top of my exchange-traded fund list for implied volatility rank at 92 with a 39-day of 39.8%. Selling the 17's on both sides. 4.02 credit on buying power effect of 17.73; 22.7% ROC at max; 11.3% at 50% max.
... for a 3.75 credit. Comments: As long as shorter duration (~45 days until expiry) is still paying at least 1% in credit for strikes at or below the 16 delta, I'm going to continue to take advantage of higher implied volatility here.
... 35.42C/39.42P short strangle for a 1.04 credit. Comments: Another inverted that I'm rolling out a tad early and on which I've collected a total of 5.25 in credit. (See Post Below, to which the 1.04 credit received here should be added). Like ARKK, it also experienced a distribution, which ended changing the strike prices. In any event, it's a 4.00-wide...
... for a 1.64 credit. Comments: Rolled the 132 down to what was the 25 delta strike on side test, after which the underlying promptly bounced back to 103 and change. I originally collected 2.69 (See Post Below) with a 50% max take profit at 1.34, so am revising my take profit to the original take profit of 1.34 plus what I received for this roll -- 1.64 (i.e., 2.98).
... for a 7.11 credit. Comments: High rank/implied at 53/53. Earnings are in 47 days, so I'll be looking to take this off well short of the announcement. 7.11 on buying power effect of 27.24 (on margin); 26.1% ROC at max; 13.1% at 50% max. As usual, I will look to take profit at 50% max; manage sides on approaching worthless/side test.
... for a .10 credit. Comments: Rolling this out on strength to lock in the gain experienced by the 103.22 (which it quickly gave up during the day), improve the strike slightly, and to keep some extrinsic in it. I'm still looking at the deep in-the-money short put as functionally long stock that I'm short strangling with the March 18th 59.22/81.22 to reduce...
... for a 3.57 credit. Comments: I'm pretty much in everything at the top of the exchange-traded fund board and wanted to deploy a little more buying power before the February monthly shortens too much in duration, so selling premium in the broad market exchange-traded fund with the highest background implied. 3.57 on buying power effect of 28.05 (on margin);...
... for a 3.27 credit. Comments: Here, just adding in a little IWM in the weeklies around 45 days until expiry while I wait for the March monthly to shorten in duration to do other stuff. 3.27 on buying power effect of 26.15; 12.5% ROC as a function of buying power effect (on margin); 6.3% ROC at 50% max.
... for a 2.33 credit. Comments: Selling premium in XLK, which is closely correlated to both the broad market and QQQ, so it's kind of QQQ "lite" (a QQQ 16-delta short strangle would tie up about twice as much buying power). 2.33 credit on buying power effect of 23.28 (on margin). 10.0% ROC at max; 5.0% ROC at 50% max.
... for a 2.58 credit. Comments; Adding to my QQQ "lite" position here. Will look to take profit at 50% max, manage sides on approaching worthless/side test. I can also conceivably mix and match sides to take profit and reduce risk, since I've not got four legs on (151P/158P/180C/185C) or take profit on the entire four leg setup at 50% max.
... for a .45 credit. Comments: Attempting a little bit of cost basis repair here, probably later than I should have. Since it's a small position, I felt okay rolling the short call out in time to a quite lengthy duration to get paid something "decent," but the underlying hasn't seen fit to move upward with any conviction. The resulting setup is a July 15th...
... for a 3.00 credit. Comments: Selling premium in the QQQ's, targeting the strike paying at least 1% of the strike in credit, which is the 280. Will generally look to roll at 50% max or -- if in-the-money at expiry, take assignment and sell call against.