... 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.
long short Jim Cramer looks like well see how Jim shall game the SHORTS bets against him
... 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.