... for a 1.13 credit. Comments: Adding a rung out in August at strikes better than what I currently have on, selling the 25 delta strike. Metrics: BPE/Break Even: 18.87 Max Profit: 1.13 ($113) ROC at Max: 5.99% 50% Max: .57 ($57) ROC at 50% Max: 3.00% Will generally look to take profit at 50% max/roll out at 21 DTE if it hasn't hit the TP by then.
... for an .81 credit. Comments: Adding a rung at the 22 strike, which is better than either my covered call break even or the July 19th 24 short put I've got on. Will generally look to take profit at 50% max, but am fine with taking on additional shares and selling call against.
... for a .55 credit. Comments: With the June 86 at greater than 50% max, rolled it down and out to the November 15th 83 for a .55 credit (where I currently don't have a "rung" on). I collected .93 for the June 86; with the .55 here, I've collected a total of 1.18. Primarily looking to reduce a smidge of risk in this position, since my highest strike is at the 86.
... for a .93 credit. Comments: High IVR/IV at 51/44. Adding a short put in the vicinity of the 25 delta strike on weakness to my covered call, which has a 37.86 break even. (See Post Below). Metrics: Break Even/Buying Power Effect: 36.03 Max Profit: .93 ($93) ROC at Max: 2.44% ROC at 50% Max: 1.22% Will generally look to take profit at 50% max; roll for...
A short at 6.67 to 5.43 with the necessary risk management will bring a 18.57% return
... for a .53 credit. Comments: In for a penny ... . In for a pound. With the July 19th 28 short put looking ripe for assignment (it's still got time, so you never know), adding a rung here out in Sept (there is no August monthly yet). The current position is a Dec 20th 29 Covered Call with a 28.44 break even, a July 19th 28 short put, and a Sept 20th 25...
... for a .98 credit. Comments: Laddering out at intervals at strikes between 85 and 82, assuming they're paying. This is naturally longer-dated than most will want to go, but is part of a TLT position made up of covered calls (stock + short call) and short puts, so that I'm getting paid for (a) short call premium; (b) dividends; and (c) short put premium over...
... for a .65 credit. Comments: Adding a short put element to my EWZ covered call ... . Here, it was either sell the 21 delta 27 for .36 or be more aggressive and sell the 30 delta for .65. Do I really want more shares of EWZ? Not particularly. That being said, IV isn't horrid here at 26.5%, and there is the divvy to be had (8.20% annualized) so picking up...
... for a 1.44 credit. Comments: High IV at 59.6%. Looking to pick up shares at or below my covered call's current break even of 27.10. Metrics: Buying Power Effect/Break Even: 22.56 Max Profit: 1.44 ($144) ROC at Max: 6.38% ROC at 50% Max: 3.19%
... for a .77 credit. Comments: Adding a short put element to my ARKK covered call position on weakness.
... for a 1.77 credit. Comments: Adding a short put element to my TQQQ covered call on weakness.
... for a 1.39 credit. Comments: Targeting the 52 week low on weakness here after taking off a rung in September.
... for a 1.08 credit. Comments: Targeting the 52-week low here with a rung out in September (I've already got rungs on in April, May, June, etc.), which I think is unlikely to be touched in light of talk about the Fed cutting rates ... at some point in time. Naturally, if I'm wrong, I'm also fine with picking up shares at a cost basis below the covered call...
... for a 1.01 credit. Comments: Adding a short put here in the vicinity of the 25 delta out in July with a break even better than what I currently have on for my covered call. (See Post Below). Will generally look to take profit at 50% max.
... for a 1.82 credit. Comments: Adding a short put on weakness here to my covered call, which I'm sticking in with to grab the monthly divvy. I'm okay with being assigned additional shares, since the break even of the June 24 is below the cost basis of what I currently have on. Otherwise, I'm perfectly fine with doing my usual take profit at 50% of...
... for a .98 credit. Comments: Targeting the strike paying around 1% of the strike price in credit, adding to my position at intervals, assuming I can get in at strikes better than what I currently have on.
Comments: Getting in at strikes better than what I currently have on in July and August. July 19th 83: Filled for an .85 credit August 16th 83: Filled for a 1.11 credit I'm fine with potentially getting assigned with shares at 83, since they're way below the cost basis of the covered calls I currently have on. I knew this might end up being a very, very long...
... for a 3.52 credit. Comments: Adding a rung out in Q4 here with QQQ IVR at 81.0, targeting the <16 delta strike paying around 1% of the strike price in credit. Will generally look to manage shorter duration rungs as I come to them ... .