NaughtyPines

NaughtyPines

... for a .49/contract credit. Notes: There isn't much left on the board with 30-day implied >35% in the exchange-traded fund space, but MJ is one of them with 30-day at 41.6% and expiry-specific at 50.1%. The others: ARKK (40%), ARKG (39%), GDXJ (36%), and XME (35%). Had to go a little more aggressive here delta-wise than usual: the 18 is at the 22 delta or...

NaughtyPines

... for a .53 credit. Notes: As with my SPX 50-wides, looking to emulate dollar cost averaging into the broad market, but in a smaller account. * -- Short Put Vertical.

NaughtyPines

... for a 4.70 credit. Notes: Selling the 16, buying the 13 on this weakness, looking to emulate dollar cost averaging in with more room to be wrong than buying shares at market. Will look to take profit at 50% max; loss at 2 x credit received.

NaughtyPines

... for a 2.63 credit. Notes: Just adding a little QQQ on weakness.

NaughtyPines

... for a 1.07 credit. Comments: Instead of adding units, rolling this puppy out on weakness. Total credits collected of 3.59 (See Post Below) + 1.07 = 4.66 versus a short put value of 1.83, so I've realized gains of 2.83 ($283) on this so far.

NaughtyPines

... for a .33/contract debit. Comments: In for 1.94 (See Post Below), out here for .33; 1.61 ($161) profit per contract. I considered rolling out to August, but the 30-day isn't nearly as sexy as it was.

NaughtyPines

Comments: Pre-market, this is showing bid 13.89/mid 14.05/ask 14.21. Going long call vertical on gold weakness here (and taking a little advantage of call side skew), buying the back month 90 and selling the front month at-the-money. A sixteen-wide for which I'll be paying no worse (at least currently) 14.21, so a max profit potential of the width of the...

NaughtyPines

... for a 2.05 debit. Comments: In for 4.10 (See Post Below), hit my order to take profit at 50% max today with 25 days to go. $205 profit. 4.47% ROC for 18 days' "work" (90.6% annualized).

NaughtyPines

... for a .52 credit. Comments: A continuation of my "small account" thread, utilizing short put verticals to emulate dollar cost averaging into the broad market. (See Post Below). Sold the 20, bought the 17 to receive a credit >10% of the width of the spread, immediately doing a "good until cancelled" order to take profit at 50% max. Trade Metrics: Max...

NaughtyPines

... for a .54 credit. Comments: While I'm waiting on various setups I've got hanging out there, I figured I'd start up a thread of sorts for a small account that is on the other end of the account-size spectrum from my IRA/retirement account posts: a small account I opened for a future grandkid or grandkids. There isn't much in it at the moment (around $2000),...

NaughtyPines

... for a .33 debit. Comments: Decided to close this kind of at the last minute ... . With 21 days to go, there wasn't much a ton of juice left to squeeze out of it. Collected a total of 6.55 in credits with rolls and such (See Post Below). Closing here results in 6.22 ($622) of realized gains. Was hoping for some increased implied volatility and a little...

NaughtyPines

... for a 4.00 credit. Comments: Doing two spreads this week, one in the July 23rd, one in the July 30th expiry. Selling the 16 delta strike and buying the put 50 strikes out from there to emulate dollar cost averaging into the broad market. 8.7% ROC at max; 64.8% annualized. 4.4% ROC at 50% max; 32.4% annualized to 50% max.

NaughtyPines

... for a 3.60 credit. Comments: Selling the 16 delta strike and buying the put 50 strikes out from there to emulate dollar cost averaging into the broad market with more room to be wrong than buying at-the-money. 7.8% ROC at max; 67.8% annualized at max. 3.9% ROC at 50% max; 33.9% annualized. Generally, take profit at 50%; take loss at 2 x credit received.

NaughtyPines

... for a 2.15 credit. Comments: You know the drill ... . 50% max roll. With the October 15th 307 at >50% max, rolling it up intraexpiry to the strike paying at least 1% of the value of the strike in credit. Total credits collected now 5.82 (See Post Below) + 2.15 = 7.97 versus a current value for the 355 of 3.66, so I've realized gains of 7.97 - 3.66 = 4.31...

NaughtyPines

... for a 2.31 credit. Comments: Part of a longer-dated premium selling strategy ... . With the 324 at >50% max, rolling up to the strike paying at least 1% of the value of the strike. I've collected 6.04 (See Post Below) + 2.31 so far or 8.35 versus the September 17th 372's value of 3.67, so I've realized gains of 8.35 - 3.67 or 4.68 or $468 so far.

NaughtyPines

... for a .33 debit. Comments: Profit-taking here on a contract that I did a "window dressing" roll on. (See Post Below). Total of 3.05 collected; out for .33 here; 2.72 ($272) profit with 21 days to go. As with my IWM, I considered rolling, but implied volatility is at the very low end of its 52-week range and 30-day has dropped sub-20.

NaughtyPines

... for a .37 debit. Comments: In for 2.38 (See Post Below), out for .37 here, 2.01 ($201) gross profit with 21 days to go. I considered rolling, but rank/implied is at 1.6/23.5%. The 1.6 means the implied volatility is at the very low end of its 52-week range, and the 23.5% 30-day isn't great, so will wait for weakness and an accompanying volatility pop to...

NaughtyPines

... for a .23/contract credit. Comments: Put on when the expiry-specific implied was at 56% (See Post Below), it's crushed in here to 38.8%, so I got movement away from the short put strike + volatility crush. No sense in hanging out another 36 days for the remainder of the extrinsic. In for 1.74; out for .23; 1.51 ($151) profit/contract.