... 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...
... for a 1.07 debit. Comments: Got paid 1.07 for the 66 and .50 for the 92 for a total of 1.57 in credits. Closed it out today for a .50 ($50) profit.
... for a 2.13 credit. Comments: An additive delta adjustment trade, selling the 23 delta put and the 11 delta call against my 24 delta call and 12 delta put, resulting in a net delta neutral position.
Comments: Replacing the short put aspects of my short strangles that I took off in profit earlier. (For all practical purposes, these are rolls of the untested side to delta balance). In any event, I received a 71.25 credit for the 3910 and a 53.25 credit for the 3850, with the resulting position net delta neutral.
... for a 68.75 credit. Comments: An additive delta adjustment trade. (68.75/20) = 3.4375 ($343.75) credit. My original thought process was to just leave what I had on mostly alone running into CPI, but didn't like how the position had skewed out short, so am adjusting it here to net delta flat. I actually intended to open this in the February 17th contract,...
... for a 2.65 credit. Comments: An additive delta adjustment trade, selling the 23 delta put and the 18 delta call.
... for a .93 debit. Comments: Mixing and matching profitable short put with profitable short call. 1.50 in credit collected for these two legs; 1.50 - .93 = .57 ($57) profit.
... for a 1.74 credit. Comments: Selling the 9 delta put and the 21 delta call here in Feb as an additive delta adjustment. Net position delta leans a smidge long ... .
... for a 25.50 debit. Comments: Matching profitable short call with profitable short put here and taking off some risk running into CPI. $43.75 profit. Position net delta leans slightly short ... .
... for a 1.12 debit. Comments: Pairing profitable short put with profitable short call ... . I sold the 94 short call for .79 and the 63 short put for .80 as part of short strangles I put on at different times, for a total of 1.59. Closing out here for 1.12 result in a .47 ($47) realized gain. Still in the February 15th 66/91 for a 2.02 credit and the March...
... for a 48.75 credit. Comments: An additive delta adjustment trade ... . 48.75/20 = $243.75 credit received. Because the remaining short strangle that I had was short the 19 delta put and short the 14 delta put, I sold the 14 delta put and the 19 delta call to delta balance, resulting in a net delta neutral position.
... for a 38.75 debit.* Comments: Mixing and matching profitable short call with profitable short put for a small realized gain ($35.00), leaving me with the 3590/4120, which I'll probably proceed to do an additive delta balance setup on here. * -- The credit and debit amounts take some getting used to. For example, a short strangle that routes for a 50.00...
... for a 46.00 credit. Comments: Additive delta balancing. $230 max on buying power effect of $790. 29.1% ROC as a function of buying power effect at max; 14.6% at 50% max. Total credits collected off $478.75. Will look to mix and match profitable call with profitable put and/or take the entire cannoli off in profit.
... for a 49.75 credit. Comments: Selling the 16 delta on both sides for my first trade of the year. Although this routed for 49.75, the max profit on this is actually 1/20th of that or 2.4875 ($248.75) on buying power effect of around 7.05 ($705). 35.3% ROC at max; 17.6% at 50% max. Will look to roll in untested side to adjust delta.
... for a 1.75 credit. Comments: A slightly short delta additive adjustment trade to bring the position back to net delta neutral. Total credits received: 3.61.
... for a 1.61 credit. Comments: Doing a slightly short delta-skewed additive adjustment here in my mini-slippery stuff position, with the short call at the -13 delta strike and the short put at the 11 delta strike, for a net of -2 delta. This gives me a smidge of short delta to bring back the net delta of the entire position more to neutral. The other option...