CELH hält sich stabil nach den Earnings. Der IVR ist noch bei 50 und das IVP13 und IVP26 liegt noch bei über 60%. Die IV dürfte noch deutlich weiter absinken und damit für uns arbeiten. 45 DTE Short Strangle 65/95 mit 50% Profit Target.
Nach der Rally am Freitag hat AMD immer noch einen IVR > 30. Keine optimaler Einstiegszeitpunkt, aber gab gute Prämie von 5.16 USD für den Strangle. Konsolidierung erwartet. Short Call mit kürzerer Laufzeit, um mehr Theta zu generieren und ggf. gegen explosiven Kursanstieg gewappnet zu sein.
... for a 2.66 credit. Comments: Short put for the IRA (See Post Below); short strangle for the margin. Selling the 16 delta strikes on both sides. 2.66 credit on buying power effect of 12.98; 20.5% ROC at max; 10.3% at 50% max.
... for a 1.72 debit. Comments: Mixin' and matchin' profitable call with profitable put ... . Net credits received after closing: 2.39 with just the 58/89.5 short strangle remaining.
... for a 1.31 debit. Comments: Took this off earlier in the day, mixing and matching profitable call with profitable put from strangles I put on over time ... . Net 4.11 credits collected at this point, leaving me with the 58P/60.5P/85.5C/89.5C. With the entire position marking at 3.25, so I'm up .86 ($86) at this point.
... for a 1.58 credit. Comments: An additive delta adjustment trade, selling the -16 delta call and the +10 delta put to pick up -6 of net delta. 1.58 credit on buying power of 4.48. Total credits collected to date: 5.42. Entire Position: 58P/59P/60.5P/85.5C/88C/89.5C
... for a 1.29 debit. Comments: Mixing and matching profitable call with profitable put from short strangles I erected over time. 3.84 net credits received to date, leaving me with the 59P/60.5P/88C/89.5C. I may go ahead and sell a new short strangle in August to delta balance the entire position back to net delta flat here.
... for a 1.77 credit. Comments: Selling the +14 delta put and the -12 delta call here as an additive delta adjustment trade to bring the entire position back to net delta flat. Entire Position: 58P/59P/60.5P/88C/89C/89.5C Total Credits Received: 5.13
... for a 1.37 credit. Comments: An additive adjustment trade, shorting the +12 delta put and the -8 delta call to flatten out net delta in the position. (See Post Below, for /MCL short strangle opened on 5/19).
... for a 1.39 credit. Comments: Selling the 10 delta's here both sides. Will look to manage sides on approaching worthless or on side test. 1.39 on buying power effect of 3.51; 39.6% ROC as a function of buying power effect at max; 19.8% at 50% max.
... for a 1.37/contract credit. Comments: Selling 10 delta on each side. 1.37 credit on buying power effect of around 3.54/contract. 38.7% ROC at max as a function of buying power effect; 19.4% at 50% max. Will generally leave the setup alone, adjusting only on side test or side approaching worthless. While I like to generally hang out for 50% max, I won't...
... for a 1.34/contract credit. Comments: Going wide, nondirectional here, looking to generate around a 25% ROC as a function of buying power effect, so ended up selling the 10 delta on both sides. 1.34 on buying power effect of 4.50; 29.8% ROC at max as a function of buying power effect; 14.9% at 50% max. Will generally look to leave the setup alone,...
... for a 53.75 credit. Comments: Now that the FOMC rate decision is in the rear view mirror ... . 2.69 ($268.75, to be exact) max on buying power effect of around 9.00. 29.9% ROC at max as a function of buying power effect; 14.9% at 50% max. Will look to adjust on side test or if a side approaches worthless.
... for a 93.75 ($468.75) credit. Comments: Going with something more straightforward here and a little bit less "high maintenance" than my continuous delta hedging setup with short straddles. Selling the 25 delta's on both sides. $468.75 max on buying power effect of $892.00; 52.6% ROC at max as a function of buying power effect; 26.3% at 50% max.
... for an 81.75 credit. Comments: After closing out my last setup in profit, reentering anew, selling the 26 delta on both sides to get about 50% of the buying power effect of the setup in credit. I'm staying with the March 31st here, as the April expiry is a bit too far out in time yet. 81.75 credit (408.75 max) on BPE of 940.00 or so; 43.5% ROC at max;...
... for an 86.50 credit. Comments: And ... back into /MES in the expiry nearest 45 DTE. Selling the 24 delta strikes on both sides to get something approaching 50% ROC as a function of buying power effect. 432.50 max on buying power effect of 879.92, 49.2% ROC at max as a function of buying power effect; 24.6% at 50% max. Will generally look to make...
... for a 1.33 credit. Comments: An additive delta adjustment trade, selling the +13 delta put at the 70 and the -8 delta call at the 101. The position still leans net delta short here, which I'm fine with since WTI is toward the top of its 30-day range. * -- The 70 is shown at the 69 strike.
... for a 1.68 debit. Comments: Received 2.00 in credits for this pair of legs. Closing out here for 1.68 as a profitable, subtractive delta adjustment trade. .32 ($32.00) profit. This leaves me (at the moment) with a 10 delta short strangle at the 66/97 and a 17 delta short strangle at the 70.5/93, with the entire position being net delta flat.