... for a .20/contract debit with 21 days to go. Notes: Some more pre-vacation profit-taking/clean up. In for 2.17/contract (See Post Below); out for .20 here. 1.97/$197 profit per contract.
... for a .19/contract debit with 49 days to go. Notes: Pre-vacation profit-taking where I can. This one I started out in April and then rolled, collecting a total of 1.14/contract. Closing here for a total profit of .95 (95)/contract.
Generally speaking, I'm a premium seller, taking advantage of high implied volatility to sell options to take a position in an underlying without actually getting into shares of stock. GLD, however, isn't particularly known for its volatility and therefore isn't the greatest standalone premium selling play. As of the writing of this post, 30-day implied is at...
... for a 1.75 credit. Notes: With the August 20th 300 approaching 50% max, rolling it out to the September 324 for a 1.75 credit. Total credits collected of 6.04 versus a current short put value of 3.26, so I've realized a gain of 2.78 on this so far. Previously, I was rolling up intraexpiry at 50% max where there were >45 days until expiry, but am kind of...
... for a .11 debit/contract. Notes: Taking profit with 28 days to go. In for .57/contract; out for .11/contract here. .46 ($46)/contract profit. Still have some June on ... .
... for a .14/contract debit. Notes: In for .48/contract (See Post Below) and out for .14 here with 28 days to go. .34 ($34) profit per contract. 30-day's still pretty decent here at 45+%, so will consider re-upping in June (56 Days) some time next week.
... for a .23/contract debit. Notes: In for 1.93/contract (See Post Below), out for .23; 1.70 ($170) profit per contract. Options have gone somewhat illiquid versus when I put this on, so am fine with not waiting another 28 days for the small remainder of extrinsic to piss out.
.. for a .04/contract debit. Notes: In for .53/contract (See Post Below), out for .04 here; .49 ($49) profit per contract with 28 days to go. Will potentially re-up if implied pops up above 35%; it's dropped to 34.4% here ... .
... for a .12 debit. Notes: No sense in tying up buying power in this with only .12 of extrinsic left in it and 14 days to go. In for 2.53 (See Post Below), out for .12, 2.31 ($231) profit.
... for a 1.98 credit. Notes: With only .17 worth of extrinsic in the April 30th 207.5, rolling out to the June 4th for a realized gain and a credit. Total credits collected of 4.57 (See Post Below) plus 1.98 = 6.55 versus a current value of 2.10 for the June 205 (i.e., I've realized a gain of 4.45 ($445) on this contract to date).
... for a .27/contract debit. Notes: In for 2.31/contract (See Post Below), out for .27. 2.04 ($204) profit per contract. Was really thinking that I would have to take assignment, but this little bounce on zero day will do the trick. Still in some May 21st 70's.
... for a 2.63 credit. Notes: With the July 306 at >50% max, rolling out to the August strike paying at least 1% of the value of the strike, which is the 345 (paying 3.67). Total credits collected of 7.07 versus 3.67 short put value: 3.40 ($340) in realized gains.
... for a 2.88 credit. Notes: With only .84 of extrinsic left in the June 18th 329, rolling out to July to the strike paying at least 1% of the strike price (which is the 367, paying 3.71 at the moment). Total credits collected of 5.87 + 2.88 = 8.75 versus the 367 value of 3.71, so I've realized a gain of 5.04 ($504) on this so far. Ordinarily, I would just...
... for a 2.75 credit. Notes: Part of a longer-dated setup I started at the beginning of the year. With the 381 at >50% (See Post Below), rolling* out to June for a realized gain and a credit to the strike paying at least 1% of the strike price (i.e., the 389 is paying 4.05 at the moment). This naturally could be done in a more favorable volatility environment...
... for a 2.15 credit. Notes: Opened this late in the day using my phone app, which I'm comfortable using to either open or close one-legged setups. Here, my standard 16 delta short put in the broad market exchange traded fund with the highest 30-day, which has been IWM for several weeks in a row. Here's my current short put ladder arrangement in IWM: the April...
... for a .20 debit. Notes: I rolled this contract a bunch of times, locking in profit, and picking up credits along the way. Total credits collected: 9.07 (See Post Below); out today for .20 with 17 days to go; 8.87 ($887) profit in total.
... for a .20 debit. Notes: In for 3.51 (See Post Below), out for .20 today with 17 days to go; 3.30 ($330) profit.
ROKU is oversold and down 25% from the highs. While it is definitely overvalued both in its sector and tech in general, considering the growth prospect, it seems justified. It has found support on the 322 level. There is overhead resistance and the 61.8% fib line at $380. If it reverses there and continues to fall further, we have the 127% fib level at $277...