... for a .08 debit. Comments: Closed the approaching worthless call side of my short strangle. Net credits collected of 2.59. Will look to roll out the put side, sell call against if it becomes "monied."
... for a 2.32 credit. Comments: Reduced directionality. Total credits collected of 9.67 with a resulting delta/theta of 16.95/19.49.
... for a 2.67 credit. Comments: Selling longer duration delta strikes in shorter duration here ... . I went out to the October monthly, looked at what the 25 delta strikes would be there and am selling those same strikes in shorter duration. 2.67 credit on buying power effect of 40.42; 6.6% ROC as a function of buying power effect, 17.4% annualized; 3.3% at...
... for a 7.35 credit. Comments: 30-day IV still a smidge above 35% with IVR at mid-range (46.9th percentile). Selling around the 20 delta on both sides. 7.35 credit on buying power effect of 23.20; 31.7% ROC as a function of buying power effect; 15.8% at 50% max. Delta/theta -.3/15.55.
... to the September 16th 142/159 short strangle for a 4.94 debit. Comments: Up to this point, I had collected a total of 9.35 in credits. Instead of rolling out a month, I opted to pay a debit to recenter risk here intraexpiry (basically to an expected move setup) in order to give it a chance to work out this cycle (while temporarily reducing assignment risk,...
... for a .63 credit. Comments: Rolling out with 28 days to go, but adjusting strikes slightly to delta neutral, since there wasn't a ton of difference in credit between rolling out "as is" versus delta balancing. Total credits collected of 5.01 on a 5 wide inverted. The setup is currently marking at 6.46 relative to my cost basis of 5.01, so it's underwater...
... for a 2.31 credit. Comments: Rolling up the untested side to delta balance with 28 days to go. Total credits collected of 9.35 with a resulting delta/theta of -21.12/22.65. The 135/145 is marking at 10.18 at the moment, so still slightly underwater with the setup leaning net delta short.
... for a 5.16/contract credit. Comments: Rolling out to the 25 deltas (both sides) right before earnings in lieu of doing an intraexpiry delta adjustment with 28 days to go. Total credits collected of 2.52/contract (See Post Below) plus the 5.16 here for a total of 7.68/contract. The October 21st 160/210 is currently marking at around 11.50, so I'm still down...
... for a 4.57 debit. Comments: Collected a total of 7.44 with one put side adjustment to delta balance. (See Post Below). 2.87 ($287) profit with 28 days to go.
... for an 8.21 debit. Comments: Collected a total of 10.10 in credits with rolls. (See Post Below). Closing out here results in a total realized gain of 1.89 ($189).
... for a 2.23 debit. Comments: Opened this for a 2.92 credit. (See Post Below). Taking profit with 28 days to go in lieu of adjusting the setup to delta balance. .69/$69 winner.
... for an .81 credit. Comments: Small delta adjustment here in my short strangle. Total credits collected of 7.04. Resulting delta/theta -20.58/17.32.
... to September 30th 304/345 for a 1.96 credit. Comments: (Late Post). Realized a small gain (.54/$54) and recentered risk with 22 days to go. Rolled out to the 25 delta and collected a total of 8.14 (See Post Below) plus 1.96 or 10.10 so far.
... for a 6.23 credit. Comments: High 30-day IV at 49.0%. Selling the 25 deltas on both sides. 6.23 on BPE of 13.99. 44.5% ROC at max as a function of buying power effect; 22.3% ROC at 50% max. Delta/theta -.24/14.96.
... for a 2.92 credit. Comments: High IV at 59.3%. Being a little more aggressive and selling the 25's here. Delta/theta -2.55/7.07.
... for a 2.47 credit. Comments: Rolling up the untested side to delta balance. Total credits collected of 7.44; delta/theta -12.93/19.76.
... for a 2.47 credit. Comments: Rolled up the untested side to delta balance. Total credits collected of 8.14 with a resulting delta/theta of 18.13/28.26.
... for a 61.64 debit. Comments: Had to do this roll piecemeal, but ultimately paid a 61.64 debit in total to recenter to the 25 delta strikes. Up to today, I had collected a total of 71.75 in credits, so my break even is currently 10.11 total (2.52 per contract). I had wanted to take this off before earnings, but it's too big of a loser for me to just walk...