NaughtyPines

NaughtyPines

... for a 3.60 credit. Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market without actually taking on stock.

NaughtyPines

... for a 2.69 credit. Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market without actually taking on stock.

NaughtyPines

... for a 1.62 credit. Comments: Targeting the <16 delta strike in the shortest duration expiry paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.

NaughtyPines

... for a 3.05 credit. Comments: Targeting the <75% of current price strike paying around 3.00 in credit. 1.525 credit on buying power effect of 11.71; 13.0% ROC at max, 87.9% annualized; 6.5% at 50% max, 43.9% annualized.

NaughtyPines

... for .65/contract. Comments: Deploying a little bit of buying power into EFA on weakness here. It has a high correlation with SPY (3-month of .88), but with a higher 30-day IV (29.02% versus SPY's 23.1%).

NaughtyPines

... for a 2.84 credit. Comments: Adding a rung on weakness, targeting the <16 delta strike paying around 1% of the strike price in credit. (And here, I was, just yesterday, going uber long-dated in SPY because shorter duration wasn't paying ... ).

NaughtyPines

... 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...

NaughtyPines

... for a 2.99 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.

NaughtyPines

... 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.

NaughtyPines

... for a 3.05 credit. Comments: Targeting the <75% of current price strike paying around 3.00 in credit. 1.525 ($152.50) max on buying power effect of 14.37; 10.6% ROC at max as a function of buying power effect; 5.3% at 50% max. A little longer-dated than I'd like to go, and the 30-day IV isn't as stellar as I'd like, but you can't have your pudding if you...

NaughtyPines

... 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,...

NaughtyPines Updated 

... for a 60.78/contract debit. Comments: Additional short delta hedge to a long delta portfolio. Here, selling the front month 30 delta, buying the back month 90 to provide me with a net -60 delta/contract. Paying 60.78 for an 83-wide with a 294.22 break even. I generally don't like to add on weakness, but my other broad market short delta hedge is...

NaughtyPines

... for a 3.10 credit. Comments: Already have a September 30th on at the 3210, but adding a rung here on this weakness, targeting the <75% of current price strike paying around 3.00. 1.55 max on buying power effect of 16.76, 9.2% ROC as a function of buying power effect; 4.6% at 50% max.

NaughtyPines

... for a 3.75 credit. Comments: (Late Post). Back from a long(ish) weekend, I managed to sneak this in around the close with my phone app. Part of a longer-dated strategy targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I now have October 369's, November 340's, December...

NaughtyPines Updated 

... for a 29.95/contract debit. Comments: Erecting a short delta hedge specifically against my IWM longs here, tailored to my specific delta needs, so I've gone with selling the front month 50 and buying the back month 90 for -40 or so delta per contract. (The math just worked out better with multiples of -40 versus multiples of -60; call me delta anal). I've...

NaughtyPines Updated 

... for a 60.76/contract debit. Comments: Re-erecting my short delta hedge here after taking profit on my previous one. Buying the back month 90 and selling the front month 30 delta strikes to provide me with -60 delta/contract. 369.24 break even, paying 60.76 for a 79 wide with a max profit potential of 18.24 ($1824) assuming a finish sub-351. I would note...

NaughtyPines

... 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...

NaughtyPines

... 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.