Comments: Squeezing in rungs of my short put ladder where I can, targeting the <16 delta strike paying around 1% of the strike price in credit.
February 17th 351: 3.68 credit
March 17th 335: 3.49 credit
April 21st 320: 3.59 credit
Comments: A 2023 starter position, which I'll add to at intervals. Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit.
February 17th 359: 3.70 credit.
March 17th 341: 3.50 credit.
April 21st 325: 3.35 credit.
Comments: Laddering out on weakness ... . Generally, I do this stuff on Fridays, but have a road trip coming up and probably won't get to it. The <16 delta strike in January isn't paying 1% of the strike price in credit, so going with Feb, March, and April here.
Feb 17th 355: 3.57 credit
March 17th 333: 3.37 credit
April 21st 315: 3.26 credit
... for a 2.42 credit.
Comments: Adding rungs to my QQQ where I can, targeting the <16 delta strike paying around 1% of the strike price in credit. There is no April yet, so going with the quarterly.
Ordinarily, I would go with the shortest duration contract of around 45 days' duration, but that would be the January 27th, where the <16 delta strike at the 250...
Comments: Laddering out on weakness, targeting the shortest duration <16 delta strikes paying around 1% of the strike price in credit.
Jan 20th 254: 2.55 credit
Feb 17th 240: 2.62 credit
March 17th 225: 2.40 credit
Comments: A 2023 starter position, targeting the shortest duration <16 strike paying around 1% of the strike price in credit. I still have some Dec on, as well as a couple of covered calls, so am only adding a couple of rungs here.
Jan 20th 260: 2.69 credit.
Feb 17th 245: 2.47 credit.
Comments: Added rungs in IWM on weakness, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit.
I'm doing things a little differently than last year, where I basically sold the 45 DTE weeklies (assuming they were paying around 1% of the strike price in credit), but constantly had a lot of idle buying power,...
Comments: Adding a smidge to my SMH position with two rungs out in February and March, targeting the strikes paying around 1% of the strike price in credit.
February 17th 164: 1.65 credit
March 17th 154: 1.54 credit
Comments: Squeezing in rungs where I can, targeting the <16 delta strike paying around 1% of the strike price in credit.
February 17th 154: 1.61 credit
March 17th 145: 1.45 credit
Opened another tranche in this weakness, targeting successive <16 delta strikes paying around 1% of the strike price in credit.
Paid 2.72 for the January 20th 270, 2.58 for the February 17th 250, and 2.41 for the March 17th 230. Will generally take profit at 50% max or take assignment, sell call against if that occurs.
... short put ladder.
Comments: (Late Post). Added another tranche of rungs in November, December, and January monthlies in Friday's weakness with the November 18th 320 paying 3.23, the December 300 paying 3.05, and the January 280 paying 2.96.
Looking to primarily do housekeeping (closing out rungs at 50% max; rolling rungs) running into year's end in the...
... for a 13.52 credit total.
Comments: A slightly different deployment approach, dispersing risk across expiries and strikes, rather than bunching up all my risk with multiples in one expiry (e.g., a 4 x October 21st 356). Here, targeting <16 delta strikes in successive expiries paying around 1% of the strike price in credit. You can do a maximum of four...
... for a 1.38/contract credit.
Notes: Here, I'm looking to establish a GLD position and/or acquire shares via short put ladder. Currently, I've got the April 16th 164's, May 21st 155's, and June 18th 149's in addition to this rung. I'm looking to acquire shares, so am fine with getting assigned and selling call against as part of a portfolio largely...
... for a 1.49 credit.
Notes: With its current yield of 3.66%, looking to pick up some shares lower or just keep the premium. Background implied at 44.9% with an ROC of 2.50% at max as a function of notional risk, 9.71% annualized.
... ladder for a total of 2.17 in credit.
Notes: 30-day implied at 39.47% with expiry-specific implied at 43.4%, 42.9%, and 43.4% for November, December, and January, respectively. Current yield of 6.71%, so am fine with taking on shares and covering or just keeping the premium.
... ladder for a total of a 2.34 credit.
Notes: The highest 30-day on the exchange-traded fund board. Will run to approaching worthless/if assigned -- cover. Current yield of 3.38%.
... for a .43/contract credit.
Notes: The highest background implied on the board in my options liquid exchange-traded funds at the moment, with 30-day at 51.93%. I'm viewing this as a starter position to replace my GLD for exposure to precious metals, since the implied is generally higher, so you get more bang for your buck. There is no December currently, so...
Although IV is not ideal here (20.1%), this is another one I've had on my IRA shopping list with its current yield of 4.98% and divvies paid monthly.
I would go only two rungs at the moment, since there are only June and July expiries currently available, with the next available in September, with liquidity progressively waning as you go out in time. The...
