... for a .48 debit. Comments: Collected a total of .69 in credits for this pair of legs. Closing out here for a small (.21/$21) winner to free up buying power in the event I have to do an additive adjustment later. Net position leans a smidge short delta, so don't need to do an adjustment here at the moment.
... for a .73 debit. Comments: Net delta neutral subtractive trade to take off a little risk here, particularly since we still have quite of bit of time to go in the cycle (55 DTE). Filled the legs for a total of 1.03 in credits; closing out here for a .73 debit results in a .30 ($30) profit.
... for a 3.89 debit. Comments: Taking a small loser on this tight short strangle with 27 days to go, which I'm fine with since I'm net up on plays in this instrument for the February cycle. Filled the legs for a total of 3.32 in credits; closing out here for 3.89 results in a .57 ($57) loss.
... for a 37.25 credit. Comments: An additive delta adjustment trade, selling the -18 delta call, and the +12 delta put.
... for a 1.17 credit. Comments: An additive delta adjustment trade in the March cycle, selling the +5 delta put and the -13 delta call, which brings my March position back to net delta flat.
... for a 1.09 credit. Comments: Here, delta balancing my March position by selling a +9 delta put at the 65 strike and a -6 delta call at the 107. I'll look to sell more "normal" strikes for my typical setup once I clean up the remainder of my Feb positions.
... for a 38.00 debit. Comments: Filled the two legs of this short strangle for a total of 44.75 in credits. Closing out here results in a realized gain of (44.75 - 38.00)/.20 = 33.75. /MES position net delta leans slightly long at the moment.
... for a 40.50 credit. Comments: An additive delta adjustment trade, selling the +12 delta put and the -19 delta call to pick up net -7 delta. Will mostly look to mix and match profitable put with profitable call to peel off units from here to 21 DTE.
... for a .98 debit. Comments: Although I've still got 30 days to go with this, taking it off in small profit without affecting net delta much (the 68 was at the +11 delta, the 93 at the -10), leaving me with the fairly narrow 74.5/84 to manage in the Feb cycle, along with a far out-of-the-money short put at the 67. I'll leave that short put on here since I...
... for a .49 debit. Comments: Collected a total of .74 in credits for the legs of this puppy. Taking small profit here (.25/$25) just to say "I realized some gains today."
... for a 41.75 credit. Comments: Additive delta adjustment trade, selling the +18 delta put and the -13 delta call. As before, looking to mix and match profitable short call with profitable short put to reduce size, while simultaneously attempting to keep the position delta neutral.
... for a 37.50 credit. Comments: (Late Post). Last kind of additive delta adjustment trade I did yesterday ... .
... for an .85 credit. Comments: An additive delta adjustment trade, selling the -4 delta call and the 8 delta put against my +4 delta put and -8 delta call. I probably really didn't need to do an adjustment here given the low delta of the sides I had on in March, but wanted to collect some additional credit, particularly since the time left in the February...
.... for a 3.15 debit. Comments: Received a total of 3.17 for the legs of this short strangle. All but scratching it out here, since they're a pair of my most at-risk (i.e., closer to at-the-money) strikes.
... for a 1.24 credit. Comments: An additive long delta adjustment trade, selling the 68P at the +14 delta strike and the 93C at the -9, giving me net +5 in delta to flatten the directionality of the position. It still leans slightly short, just not as short as it was before.
... for a 44.75 credit. Comments: Moving into the February 28th (47 DTE) expiry here after pulling off all of my Feb 15th stuff. Selling the 16 delta strikes on both sides. $223.75 max on buying power effect of 868.42; 25.8% ROC at max; 12.9% at 50% max.
... for a 108.75 debit. Comments: I collected a total of 95.75 for the two legs of this short strangle. Closing it out here on abysmally low IVR for a realized loss of (108.75 - 98.75)/.20 = $50.00. In spite of taking off these last two short strangles as losers, net realized gain on primarily February 15th cycle /MES: 236.25.
... for a 78.50 debit. Comments: I received 73.25 total in credits for these legs; closing out her results in a realized loss of (78.50 - 73.25)/.20 = 26.25 ($26.25). I'm fine with doing this here, since IVR has plummeted to almost 52-week lows, implying that there is a risk that IV could expand from here. If that happens, I'd rather be in a setup with...