... for a 2.53 credit.
Comments: Not exactly hugely weak here, but adding some QQQ back into the June expiry, targeting the <16 delta strike paying around 1% of the strike price in credit. Will add at better strikes if we get greater weakness, higher IV.
Comments: Adding to my IWM position here on weakness, high IV, targeting the <16 strike paying around 1% of the strike price in credit.
May 19th 145: 1.46 credit
June 16th 135: 1.34 credit
July 21st 130: 1.54 credit
Comments: Adding in rungs in second quarter expiries, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market without actually being in stock.
April 21st 257: 2.62 credit.
May 19th 245: 2.70 credit.
June 16th 230: 2.38 credit.
Now adding into SPY at strikes that are lower than I currently have on, targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
May 19th 351: 3.57 credit
June 16th 324: 3.26 credit
July 21st 305: 3.24 credit
... for a 2.95 credit.
Comments: Adding another rung in the DIA's, targeting the <16 strike in the shortest duration paying around 1% of the strike price in credit.
Adding in May and June at strikes below what I currently have on in those expiries, targeting the <16 delta strike paying around 1% of the strike price in credit.
May 19th 150: 1.75 credit
June 16th 140: 1.58 credit
Comments: Starting to ladder out in second quarter contracts here, targeting the <16 delta strike paying around 1% of the strike price in credit.
Received 2.72 in credit for the April 270; 2.65 for the May 257.
... for a .88 credit.
Comments: Rolling up for a realized gain to the <16 delta strike paying around 1% of the strike price in credit. Total credits collected of 2.62 (See Post Below) plus the .88 here for 3.50 ($350). I usually like to do this at 50% max, so this is more in the nature of housekeeping/taking profit where I can.
Do you ... fade this move?
Pictured here is a long call diagonal with the long leg out in June at the +90 delta, and the short leg out in April at the -30 to synthetically emulate the net delta of a covered call position (i.e., long stock/short call) where the short call of the covered call setup would be at the -40 delta strike.
Metrics:
Assumption: Neutral*...
... for a 2.99 credit.
Comments: I don't usually play DIA because its volatility is generally lower than the rest of the majors (which is why I'm having to go out to June to get paid for a <16 delta short put). My IWM, QQQ, and SPY positions are getting somewhat crowded here, so just putting a smidge on. As usual, targeting the <16 delta strike paying around...
... for a 3.57 credit.
Comments: Adding a rung out in May, 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 1.55 credit.
Comments: Adding a rung out in May, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Comments: Adding rungs here on this weakness, 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.
May 19th 350: 3.57 credit
June 16th 335: 3.40 credit
July 21st 325: 3.30 credit
... for a 2.64 credit.
Comments: Adding rungs here on this weakness, 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.
... for a 1.74 credit.
Comments: Adding rungs in broad market here on this weakness, 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.
... for a .032 credit.
Comments: Adding to my natural gas position here with a 1.00 short put out in May (I already have a 1.00 short put out in April), with IVR/IV still through the roof here at 76/115.
3.20 ($320) max on buying power effect of 6.97. 45.9% ROC as a function of buying power effect; 23.0% at 50% max. 165.9% ROC annualized at max; 82.9% at 50% max.
... for a 2.70 credit.
Comments: A basic bet that we don't see 1.00 natural gas by April or, alternatively, that we hit 50% of max before then. 2.70 credit on buying power of 9.75 ish; 27.7% ROC at max; 13.8% at 50% max as a function of buying power effect.
