... for a 4.40 credit.
Comments: Laddering out at intervals, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Will start looking at adding in shorter duration if I can get in at strikes better than what I currently have on.
... for a 3.60 credit.
Comments: Laddering out at intervals, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I've already got March, April, and May rungs on, so going out to June here.
... 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.
... for a 4.75 credit.
Comments: Targeting the May option paying around 1% of the strike price in credit. This ends up being a little more aggressive from a delta standpoint than I usually go (~20 delta), but that's okay as I start to build up a position over time ... .
Naturally, weakness/higher IV would be better, but you can't have everything.
... for a 3.96 credit.
Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit. Laddering out in longer and longer duration at intervals ... .
... for a .98 credit.
Comments: Adding to my TLT position on weakness here, targeting the strike paying around 1% of the strike price in credit.
I already have rungs on in April/May/June, so am adding a smidge out in July.
With QQQ and SPY knocking on ATH's, holding off on my usual broad market plays to await weakness and/or higher IV.
... for a 1.00 credit.
Comments: Continuing to ladder out at strikes at or below the cost basis of my current, longer-dated covered call. Going out to June here, since I have "rungs" on in April and May already.
USD JP I give us a Breakout on doubtside what you what do you think about the trade are you thinking about to do going in the trade or watching in the outside of the market tell me your preference market is unconditional
... for a .97 credit.
Comments: Alas, this could not be meaningfully strike improved, so just rolling it out as is. The deeper the in-the-money it is, the farther out in time you have to go to get paid something decent ... . Collected .79 originally (See Post Below) plus the .97 here for a total of 1.76.
... for an .85 credit.
Comments: Another that can't be meaningfully strike improved without paying a debit ... . Collected .75 originally (See Post Below). With the .85 here, 1.60 total.
And that ... ends the November contract housekeeping portion of our show. Unfortunately, I'll probably have to do some more of this in the December contract (ugh).
... for a .33 credit.
Comments: Rolling down and out ... . Originally collected .89 for the 94 (See Post Below). With the credit received for the roll, I've collected a total of 1.22.
... for a .26 credit.
Comments: I could let this ride, but would rather be assigned at a lower strike (if it comes to that). Collected .86 for the 91 (See Post Below). Another .26 here results in 1.08 collected.
In the absence of some kind of face-ripping rally, I'm going to be assigned shares in TLT here shortly, starting with what began as an October 20th 93 short put and an October 20th 89 short put. Here, I'm using short puts as an acquisitional tool, attempting to acquire shares in multi-year weakness, after which I'll proceed to cover the shares with short calls. ...
... for a 4.47 credit.
Comments: Had to go out to April here to get paid what I'm looking for, which is no surprise with VIX at 52-week lows.
Targeting the shortest duration <16 delta put paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will naturally look to add in shorter duration should we get a...
... for a 3.51 credit.
Comments: Targeting the shortest duration <16 delta put paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will naturally look to add in shorter duration should we get a sell-off and/or up-tick in IV that makes that worthwhile.
