... for a 1.67 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit. Not exactly "ideal" conditions of higher IV/weakness, but haven't got much left on ... .
... for a .95/contract credit.
Comments: High IVR/IV at 79/58. .95 credit on buying power effect of 2.52. 37.7% ROC at max, 218.4% annualized; 18.8% at 50% max, 109.2% annualized. Will generally look to take profit at 50% max.
... for a 3.20 credit.
Comments: SPAN margin lets you do weird things on occasion. Added this rung nearly buying power free Thursday night, probably because the SPAN margin calculation evaluated the risk of this addition and thought that it increased my "holistic" or "global" risk only marginally (the BPE was < the credit received).
... for a .35/contract credit.
Comments: With the November 18th 69 converging on .10, rolling it out for a credit about equal to the monthly dividend. Total credits collected of .42 (See Post Below) plus the .35 here for .77 ($77) per contract.
... for a 3.10 credit.
Comments: Adding a second rung to my short put ladder, targeting the <75% of current price strike paying around 3.00 in credit. Will generally look to take profit at 50% max.
... for a 2.81 credit.
Comments: Part of a longer-dated premium selling strategy in broad market to keep theta on and burning while I wait for shorter duration to be more productive. Targeting the <16 delta strike paying around 1% of the strike price in credit. Will generally look to roll either intraexpiry or for duration at 50% max.
I'm also looking to...
... for a 3.15 credit.
Comments: Re-erecting a rung out in February, targeting the <16 delta strike paying around 1% of the strike price in credit. I stripped off quite a bit of long delta over the past few weeks and want to make sure I have at least some theta on and burning, while reserving quite a bit of dry powder on for future deployment.
... for a .13 credit.
Comments: The last of my IWM rungs ... . Taking an opportunity to strike improve this while it's still out-of-the-money. Total credits collected of 3.82 (See Post Below) plus the .13 here for a total of 3.95.
... 261 for a 2.83 credit.
Comments: Filled this for a 2.78 credit. (See Post Below). Rolling down and out for a small realized gain and a credit. Total credits collected of 2.78 + 2.83 = 5.61.
... for a 3.10 credit.
Comments: Targeting the <75% of current price strike paying around 3.00 in credit. Will add rungs if we experience further weakness ... .
... for a 3.19 credit.
Comments: Part of longer-dated strategy to emulate dollar cost averaging into the broad market when "local" (<45 days until expiry) IV isn't paying. Targeting the strike paying around 1% of the strike price in credit. Will look to take profit and/or roll at 50% max.
... for a 2.67 credit.
Comments: My weekly broad market short put in the exchange traded fund with the highest 30-day IV, targeting the <16 strike in the expiry nearest 45 days paying around 1% of the strike price in credit.
... for a 1.67 credit.
Comments: Targeting the <16 strike in the expiry nearest 45 days paying around 1% of the strike price in credit.
This is more about not letting my IWM position get too short delta than about putting on an "ideal" premium selling trade. I still have an IWM short delta hedge on that is marking at around -60 delta (See Post Below) and...
... for a 1.50 debit.
Comments: Opened this for a 3.05 credit. (See Post Below). Out here for 1.50. (3.05 - 1.50)/2 = .7750/$77.50 profit with 168 days to go.
