... for a 2.53/contract credit.
Notes: My weekly, ~16 delta, 45 days until expiry short put in the broad market exchange-traded fund with the highest implied volatility . This one's only got 38 days left, but it's this or go out to the monthlies (52 days).
... for a 2.17/contract credit.
Notes: 30-day at >35% at 40.1%. Selling the 16 delta here. 1.84% ROC at max as a function of notional risk. As usual, will take profit on approaching worthless or, if in the money at expiry, take assignment and sell call against.
... for a .57/contract credit.
Notes: Just banging through the underlyings at the top of my high IV list. EWZ's 30-day is at 54.07%. ROC at max 2.00% as a function of notional risk.
... for a 1.93/contract credit.
Notes: High 30-day at 61.5%. Not as liquid as I would like. In any event, 2.84% ROC at max as a function of notional risk.
... for a .48/contract credit.
Notes: High 30-day at 64.9%. Selling the 15 delta strike here. 2.74% ROC at max as a function of notional risk. Will take profit on approaching worthless or, if in the money, take assignment and sell call against.
... for a 1.93 credit.
Notes: Another continuation of a longer-dated setup I started around the beginning of the year. (See Post Below). With 178 days to go and more than 50% of extrinsic gone, rolling this up to the 275 strike for a 1.93 credit. Total credits collected of 4.12 versus current short put value of 2.88; realized gain: 1.24 ($124).
... for a 1.87 credit.
Notes: Here, a continuation of a longer term play I established at the beginning of the year. (See Post Below). With the 331 at >50% max and >45 days to go, rolling up to the 360 strike (17 delta) for both a realized gain and a credit. Total credits collected of 8.08 versus current short put value of 3.60; total realized gain: 8.08 -...
... for a 2.16 credit.
Notes: Rather than adding more units, another take profit roll. Although there's .88 of extrinsic still left in this, locking in the realized gain via roll out to the April 30th 16 delta strike at the 367.50 for a 2.17 credit. Total credits collected of 9.07 versus current option value of 3.05 -- i.e., I've locked in 9.07 - 3.05 or 6.01...
... for a 2.28 credit.
Notes: With only .40 of extrinsic left and 16 days to go, rolling this out to around the 16 delta strike in the contract nearest 45 days until expiry for a realized gain of 2.40 ($240) (See Post Below) and a 2.29 credit. Total credits collected of 4.57.
... for a 1.16/contract credit.
Notes: 30-day at 58.6% and expiry-specific at 57.2%. Unfortunately, not the most liquid thing in the world, so expect to do some price discovery or be patient for a fill.
... for a 1.99 credit.
Notes: With a 30-day implied of 42.8%, expiry-specific at 41.8%, and earnings in the rear view, adding some Dow component high implied underlyings to my wheelhouse. I already have some BA in my portfolio, which has the highest 30-day of Dow components that have already announced earnings, and pretty much have all the high implied...
... for a 1.89 credit.
Notes: As with my June short put roll, a continuation of a longer-dated setup. Rolling up at 50% max to lock in the realized gain to the strike paying at least 1%. Total credits collected of 4.44.
.. for a 1.92 credit.
Notes: Here, a continuation of a longer-dated strategy I started at the beginning of the year, (See Post Below). With the 283 reaching 50% max, I'm rolling it up to the strike paying at least 1% for both a realized gain and a credit. Total credits collected of 5.87; ROC now 1.82% at max.
Chinese large caps have tumbled over the last couple of weeks and seem to have found support on the rising trendline around $47. The FXI also has a weighted PE ratio of 12.64 which is less than half the SPY's 27. In simple words, you are getting a greater value per dollar in FXI than the SPY.
Trade Idea:
Cash-Secured Put: 45 Strike expiring 4/16 for $0.65...
... for a 3.51 credit.
Notes: My weekly, 16 delta strike short put in broad market in the contract nearest 45 days until expiry. IWM implied is actually slightly higher here, but the Q's are weaker.
