... for a 1.32 credit. Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the semiconductor ETF. I have no current position on in SMH, so will look to add at intervals should IV remain decent (it's currently at 28.7%, but at the low end of its 52-week range).
... for a 3.21 credit. Comments: Rounding out fourth quarter rungs, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
10% TP for my cap in 10 days? It's good.... Any kind of naked PUTs on big instrument are my favorite at high IVR with divergence. My choice for today: Walgreens Boots Alliance Inc. Reasons: - RSI is already oversold with big divergence - breakeven point is little close, but allowed loss ($50 max) is manageable SETUP: NAKED PUT for NASDAQ:WBA , because...
... for a 2.31 credit. Comments: High IV at 56.7%. Targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into Tesla without actually being in the stock. I'll consider adding if I can get in at better strikes than this starter position. Earnings are on October 18th, so will be looking to "play through."
... for a 1.26 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the semiconductor exchange-traded fund. Here, I'm adding a rung at a better strike in the November monthly than what I currently have on.
... for an .88 credit. Comments: Targeting the strike paying around 1% of the strike price in credit in the shortest duration contract around 45 days until expiration, looking to pick up shares via assignment in this general area of weakness.
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... for a .95 credit. Comments: Squeezing in a short put in the November expiry at the 90 strike. Here, I'm actually looking to pick up shares, so am being more aggressive than I would ordinarily be, with the 90 camped out at the 27 delta.
... for a .77 credit. Comments: Targeting the shortest duration <16 delta short puts paying around 1% of the strike price in credit to emulate dollar cost averaging into the biotech exchange-traded fund.
... for a 3.76 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Going out to January here, because I already have quite a few rungs on in the Nov and Dec monthlies, as well as the Dec 29th. I may still try to squeeze some rungs in November and December if...
... for a 1.56 credit. Comments: Rounding out rungs in the last of the available expiries in the 4th quarter, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market using short puts. If I had nothing on in IWM, I'd probably go shorter duration (e.g., November 17th) where the 165 is...
Comments: Targeting the <16 strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Filled the November 17th 165 for 1.71 credit; the December 15th 159, for 1.60. Will generally look to take profit at 50% max or roll down and out for duration and a credit if tested.
... for a 3.28 credit. Comments: My weekly broad market short put in the shortest duration contract where the <16 delta is paying around 1% of the strike price in credit to emulate dollar cost averaging into the market without actually being in stock.
... for a .96 credit. Comments: Adding on weakness, targeting the strike paying around 1% of the strike price in credit in the contract nearest 45 days duration. This is more aggressive than I usually do, since it's at the 30 delta, but I'm looking to pick up shares at or around these lows if at all possible. Because of this, I'll look to run these right up...
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Laddering out in successive expiries to disperse risk over time. Will generally look to take profit at 50% max or roll down and out for a credit if tested. December 15th 391: 3.96 credit December 29th 384: 3.86 credit
... for a 1.58 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. As I mentioned in my earlier post (See Below), shorter duration is probably paying, but I already have rungs on in the Nov 17th, Dec 15th, and Dec 29th expiries, so going out to 2024...
... for a 3.00 credit. Comments: Rounding out fourth quarter rungs in the Q's here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Shorter duration (i.e., November) is actually paying at or below the 16 delta strike, but already have rungs camped out there (although I still...
... for a 3.28 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market and to generate "free cash flow."