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NaughtyPines
About me Extrinsic value always goes to zero.
Joined United States
Markets Allocation
57 % stocks 6 % commodities 4 % indices 32 % other
Top Mentioned Symbols
SPY 12% | 266 IWM 9% | 194 QQQ 6% | 129 EWZ 3% | 70
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401k 6e1! aa aal aapl abx acad acb adbe adjustment aet ag agen agn aks allocation amat amba amc amd amrn amzn anf anfi apa arkf arkg arkk arkq armk arry ashr assignment atvi avgo ba baba bac backratio backratiospread backspreadratio banc bark bbby bbry bby bcrx bcs beyondta bidu bigjadelizard biglizard biotech bito bkd bmy boeing box bremain brexit brokenwingbutterfly butterflypattern buyingpowereffect bynd cag calendar calendars calendarspread call calldiagonal callratio callratiospread calls cat cc ccl cde cgc chipotle chk chwy cien citigroup cl cl1 cl1! cl2! cldr clf cmg cnx coh commodities condor confluence contango contangodrift continuoushedging contribution converge correlation cost costbasisreduction coverecall covered coveredcall coveredcalls coveredccall coveredcombo coveredlongcombo coveredput coveredputs coveredstraddle coveredstrangle coveredzebra cpb credit creditspread creditspreads cree crm cron crwd csco csx ctl cvx cx cy cyclicality czr dal dba dbx ddd de debit debitspread debitspreads defensive defensiveroll defensiverolling definedrisk delta deltabalancing deltacutters deltahedge deltahedging deltaunderhedge dia diagonal diagonalspread dis dish diverge dividend dividends dkng dks doublediagonal doubledouble durationextension dust dynamicironcondors e61! ea earnings earningsafterglow earningsplay ebay eem efa emb eog es es1! esrx etf etfs etsy eurtry eurusd eurusdshort ewa ewg ewi ewq ewt ewu eww ewy ewz exchangetradedfunds exel exercising fas fb fcx fdx feye fez fibonacci fibonacciretracement fingertrap fit fl fold fomc ford fslr fundamental fxe fxi fxy gammascalp gas gc1! gdx gdxj ge ge1! gern gg gild gld gmcr gme gnw gold goldstocks goog gpn gpro gps grpn grpo gs gsat hal hd hedge hedging hedj hes hl hlf hog hpq hsbc htz hun hyg ibb ibm icln impliedvolatility inda index indexes ino intc interestratehike inversion inversions inverted iq ira iraoptionsstrategies iron ironbutterfly ironcondor ironcondors ironfly itub iux iux_rut iuxx iv ivr ivrank iv-rank iwm iyr jadelizard jcp jets jnj jnk jnpr jpm jwn kbh kmi kmx knla kors kr kre kweb ladderedshortput ladderedshortputs lb lc leaps len liquidity lit lnkd longcalldiagonal longcallvertical longput longputdiagonal longputvertical longputverticals longstraddle longstrangle longvolatility low lulu lyft m macys mat mbi mcrb mdt mgm mifi mj mnkd mon moniedcoveredcall moniedcoveredcalls mos mro msft mu mw mxim naked nakedput nakedshortput nakedshortputs natgas nbr ndx ne neutral nflx ng!1 ng1! nio nke nkla nondirectional nonearnings notapennymore notapennymoreshortput nq ntnx nugt nvax nvda nvx oas ocn oih oil options optionssstrategies optionsstategies optionsstraegies optionsstrategies optionsstrategy options-strategy optionsstrateiges optionsstratgies optionstrategies optionstratgies optionstrrategies orcl orcle overhedging overwriting p pairs pandora pbr pcln pdd pep pfe pgnx play pmcc poormanscoveredcall poorman'scoveredcall poorman'scoveredput positiondefense postearnings pot premimselling premium premiumcollection premiumselliing premiumselling premium-selling premiumsellling premiumsellng premiumsselling premumselling priceaction pton put putbackratio putbutterfly putcalendar putdiagonal putladder putratiospread pvh pwcc pypl qihu qqq qunr rad ratiobackspread ratiospread rax reversegammascalping reversejadelizard reversesplit rig rigl riot roku roling rolling rrc rsx rtrx rty1! russell2000 rut s safetytaping sbux scal scalping scty seas seasonality settlement shares shld shorputvertical shorstrangle short shortcall shortcalldiagonal shortcallvert shortcallvertical shortcallverticals shortdeltahedge shortput shortputacquirecover shortputdiagonal shortputladder shortputs shortputveritcal shortputvert shortputvertical shortputverticals shortstangle shortstraddle shortstraddlle shortstrangel shortstrangle shortstrangles shorttput shorttstrangle shortvolatility si1! sideways skew slb slv slw smh snap sndk sofi sp500index spdr spre spread sprt spx spx500 spy sq srne srpt straddle strangle strategy strikeimprovement stx sune superbear superbull svxy swks swm swn synthetic syntheticcoveredcall syntheticcoveredstrangle syntheticlong syntheticshort syntheticstock tan tbt teck termstructure testedsides teva tgt tick tlry tlt tmus tnx tol tpx tqqq tsla tur tvix twlo twtr ua uaa ual uber ulta underhedging ung uninverting upwardcalldiagonal ura urbn usdcad usdtry usd-us-dollar uso usoil ussteel uvxy vale vertical verticals verticalspread vix vixderivatives vola volatility volatilitycontraction vrs vrx vxfutures vxx wba wfc wfm wft wheeling wheeloffortune windowdressingroll wkhs wll wmt work wsm wtw wuba wynn x xauusd xau_usd xbi xhb xiv xlb xle xlf xli xlk xlp xlu xlv xly xme xom xop xrt yelp yhoo yield yum zb zc1! zebra zigzagindicator ziop zm zn1! znga Less Tags Show All Tags
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Opened: NVDA August 19th 125 Short Put
NVDA
, 1D
NVDA: Opened: NVDA August 19th 125 Short Put

... for a 3.37 credit. Comments: Adding long delta here to bring the setup back to delta neutral. Total credits collected of 23.61; delta/theta -2.82/50.35.

Opened (IRA): QQQ August 19th 250 Short Put
QQQ
, 1DLong
QQQ: Opened (IRA): QQQ August 19th 250 Short Put

... for a 2.56 credit. Comments: Back in the saddle again after the long weekend ... . Targeting the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days in the broad market exchange-traded fund with the highest 30-day to emulate dollar cost averaging into the broad market.

Closed: /ES July 29th 2850 Short Put
ES1!
, 1W
ES1!: Closed: /ES July 29th 2850 Short Put

... for a 1.45 debit. Comments: In for a 3.20 credit (See Post Below). Out for a 1.45 debit. (3.20 - 1.45)/2 = .875 ($87.50) profit. Still have July 29th 2700's, July 29th 2500's, August 5th 2700's, and August 19th 2100's on, so just taking off a smidge of risk here and/or freeing up buying power.

Opened: NVDA August 19th 175 Short Call
NVDA
, 1D
NVDA: Opened: NVDA August 19th 175 Short Call

.. for a 2.76 credit. Comments: (Late Post). Wasn't fully satisfied with the delta/theta metrics of this position on Friday, so added another short call in the August monthly, bringing total credits collected to 20.26. The resulting setup's delta/theta is now 4.40/34.15 with 15.13 of extrinsic (as of Friday close). With earnings in 45 days, I'm basically going...

Opening (IRA): SMH August 19th 150 Short Put
SMH
, 1DLong
SMH: Opening (IRA): SMH August 19th 150 Short Put

... for a 1.54 credit. Comments: Adding another unit of semiconductors here (IVR/IV 72/47) in weakness/higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit in the August monthly (the weeklies aren't all that liquid). Still have the August 19th 175's on.

Opening: XLE August 19th 60/83 Short Strangle
XLE
, 1D
XLE: Opening: XLE August 19th 60/83 Short Strangle

... 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.

Closing (IRA): QQQ July 29th 250 Short Put
QQQ
, 1D
QQQ: Closing (IRA): QQQ July 29th 250 Short Put

... for a 1.39 debit. Comments: Opened for a 3.00 credit (See Post Below). Closing out here at >50% max, 1.61 ($161) profit.

Opening (IRA): SPY August 19th 338 Short Put
SPY
, 1DLong
SPY: Opening (IRA): SPY August 19th 338 Short Put

... for a 3.45 credit. Comments: Targeting the <16 delta strike in the shortest duration expiry paying 1% of the strike price in credit to emulate dollar cost averaging into the broad market.

Opening (IRA): QQQ August 12th 240 Short Put
QQQ
, 1DLong
QQQ: Opening (IRA): QQQ August 12th 240 Short Put

... for a 2.40 credit. Comments: Targeting the <16 delta strike in the expiry nearest 45 days paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.

Opening (IRA): IWM August 19th 150 Short Put
IWM
, 1DLong
IWM: Opening (IRA): IWM August 19th 150 Short Put

... for a 1.57 credit. Comments: Targeting the <16 delta short put paying around 1% in credit in the expiry nearest 45 days to emulate dollar cost averaging into the broad market.

Rolling: NVDA August 19th 190 Short Call to 160
NVDA
, 1D
NVDA: Rolling: NVDA August 19th 190 Short Call to 160

... 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...

Rolling: QQQ August 19th 331 Short Call to 316
QQQ
, 1D
QQQ: Rolling: QQQ August 19th 331 Short Call to 316

... 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.

Rolling: BITO August 19th 16 Call to 12
BITO
, 1D
BITO: Rolling: BITO August 19th 16 Call to 12

... for a 1.13 credit. Comments: Inverting my short strangle further ... . Total credits collected of 3.59 on a 5 wide inverted (12C/17P).

Rolling: IWM August 19th 192 Short Call to 183
IWM
, 1D
IWM: Rolling: IWM August 19th 192 Short Call to 183

... for a 1.27 credit. Comments: Delta balancing my IWM short strangle a smidge ... . Total credits collected of 4.08. End-of-day delta/theta 4.86/11.98. Will look at managing any remaining setups that are "out of kilter" on Friday.

Opening: /ES August 5th 2700 Short Put
ES1!
, 1WLong
ES1!: Opening: /ES August 5th 2700 Short Put

... for a 3.05 credit. Comments: A basic bet that /ES doesn't lose more than 25% of its value over the next 36 days put on in weakness/higher implied volatility. Still have July 29th and August 19th rungs on. 1.525 ($152.50) max on buying power effect of 19.79; 7.7% ROC at max as a function of buying power effect; 3.9% at 50% max.

Opening (IRA): SMH August 19th 175 Short Put
SMH
, 1DLong
SMH: Opening (IRA): SMH August 19th 175 Short Put

... for a 1.76 credit. Comments: Targeting the <16 delta strike in the August monthly (53 DTE) paying around 1% of the strike price in credit. Adding a smidge of long delta back into my portfolio to keep my net delta happy using an ETF that is closely correlated with the broad market (SPY 3-month correlation of .92) instead of cluttering up my IWM, QQQ, and SPY...

Rolling (IRA): SPY July 15th 370 Short Put to August 19th 347
SPY
, 1DLong
SPY: Rolling (IRA): SPY July 15th 370 Short Put to August 19th 347

... for a .75 credit. Comments: Doing a little early housekeeping where I can running into the July 4th weekend ... . Rolling for a realized gain to the <16 delta strike in the expiry nearest 45 days paying around 1% of the strike price in credit. Collected 3.65 (See Post Below) plus the .75 here for a total of 4.40 relative to an August 19th 347 short put...

Rolling (IRA): QQQ July 15th 264 Short Put to August 5th 260
QQQ
, 1DLong
QQQ: Rolling (IRA): QQQ July 15th 264 Short Put to August 5th 260

... for a 1.67 credit. Comments: Rolling here at around 50% max instead of adding new units. Total credits collected of 2.64 (See Post Below) plus the 1.67 here for a total of 4.31 relative to an August 5th 260 short put value of 3.08, so I've realized gains of 1.23 ($123) in this one so far.

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