... for a .79 credit. Comments: Not much I can do with this here besides roll out as is, reduce cost basis further. Total credits collected of 4.38 on a five-wide inverted.
... for a 4.97 credit. Comments: Starting to add in some fresh September monthly setups in >50% IVR/>35% 30-day IV exchange-traded funds. Here, SMH is at 50.1/38.7. 4.97 credit on buying power effect of 22.74; 21.7% ROC at max as a function of buying power effect; 10.8% at 50% max. -.11/13.16 delta theta.
... for a 4.70 credit. Comments: Selling 16 delta premium in the Q's in the weekly nearest 45 DTE. 4.70 credit on buying power effect of 32.45; 14.5% ROC at max; 7.2% at 50% max. Delta/theta .32/16.13.
... for a 1.39 credit. Comments: Collected a total of 2.49 in credit with this puppy with minimal fuss/muss. (See Posts Below). Closed today with 28 days to go for a 1.10 ($110) profit, which was basically 50% max of the original setup.
I haven't done one of these in a while ... . Here's how this works (basically). I price out the at-the-money short straddle in the expiry nearest 45 days. I'm generally not going to do a short straddle as a setup, but it helps me rank underlyings by what they're paying in risk premium as a function of strike price to help me utilize what I've got in the most...
... for a 5.15 debit. Comments: Rolled this and/or adjusted it a bunch of times (See Post Below), collecting a total of 5.60 in credits. Closing it out here for a small (.45/$45) profit while I can.
... for a 4.82 debit. Comments: Filled this for a 5.87 credit. (See Post Below). Taking quickee dirtee profit here. 1.05 ($105) profit.
... for a 4.41 debit. Comments: Here, a subtractive trade/adjustment that doesn't affect position net delta since this short strangle is a scant .67 delta long. Net credits collected now 32.62. Delta/theta: 25/59.
... for a .43 credit. Comments: Delta balancing my short strangle to delta/theta <1.0. Total credits collected of 2.49 with a resulting delta/theta of 5.84/6.79.
... for a 5.87 credit. Comments: Selling the 17 delta strikes on both sides. 5.87 credit on buying power effect of 28.92; 20.3% ROC as a function of buying power effect; 10.1% ROC at 50% max. Will adjust on delta/theta skew out to >1.0.
... for 4.17. Comments: Plain Jane profit-taking. Total credits collected of 6.06 (See Post Below); out here for 4.17. 1.89 ($189) profit with 38 days to go. Will reset in the 45 day weekly shortly.
... for a 2.06 credit. Comments: High IVR/IV at 76/49. Selling around the 16 delta on both sides. Delta/theta .4/5.73.
... for a 6.10 credit and selling the 180 call for 2.52. Comments: Inverting my original short strangle to a 5-wide (165P/160C) and selling the 180 call to flatten net delta. Total credits collected of 17.48. Resulting delta/theta 8.27/29.95 with a downside break even of 147.52. This underlying ... has been pesky. It's possible that taking on shares and...
... for a 1.01 credit. Comments: Delta balancing my short strangle a smidge ... . Total credits collected of 6.06. Delta/theta 8.84/16.84.
... for a 1.13 credit. Comments: Inverting my short strangle further ... . Total credits collected of 3.59 on a 5 wide inverted (12C/17P).
... for a .46 credit. Comments: Locking in some realized gain and recentering risk/balancing delta. Total credits collected of 2.81. Delta/theta 2.69/10.46.
... for a 5.05 credit. Comments: 5.05 ($505) credit on buying power of 29.26 ($2926); 17.3% ROC as a function of buying power effect; 8.6% at 50% max. Currently the highest IVR/IV broad market ETF on the board at 71/35. Went a little wider here than usual (13 delta both sides) to accommodate more whip. Delta/theta .45/14.52.
... for a 2.70 credit. Comments: Recentering risk ... . Total credits collected of 8.86.