NaughtyPines

NaughtyPines

... for a 3.00 credit. Comments: Keeping on keeping on while the market is still paying ... . Targeting the <16 delta strike paying around 1% of the strike price in credit. Still have June 24th, July 1st, July 8th, July 15th, and July 22nd rungs on which I'll just address as duration dictates.

NaughtyPines

... for a 1.61 credit. Comments: Targeting the <16 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. Still have July 1st, July 8th, and July 22nd rungs on.

NaughtyPines

... for a 3.10 credit. Comments: Rolling to the July 29th strike paying me at least 1% for the roll. I've collected 10.45 (See Post Below) plus the 3.10 here for a total of 13.55 with a 280.45 break even.

NaughtyPines

... for a .93 credit. Comments: Rolling in the untested side of my July 22nd short strangle to maintain a <1.0 delta/theta ratio. Total credits collected of 3.80.

NaughtyPines

... for a 2.56 credit. Comments: Looked like it was going to stay within in the strikes ... until yesterday, so rolling out here for duration and a credit. Total credits collected of 9.89 on a five wide with break evens at 65.11/79.89.

NaughtyPines

... for a 3.00 credit. Comments: A basic bet that we don't see 2700 by July 29th ... . Max profit of 1.50 on BPE of 14.75 (on margin); 10.2% ROC max; 5.1% ROC at 50% max. Still have rungs on at 2960 (July 15th), 2850 (July 29th). I don't have a ton going on the margin account, so sticking these out there small (a relative term) to keep theta on and burning.

NaughtyPines

... for a 3.18 credit. Comments: These WERE 16 delta strikes on both sides when I opened this using my phone app at around 9:45 CST. In any event, 3.18 credit on BPE of 21.00; 15.1% ROC at max as a function of BPE; 7.6% at 50% max. Will look to adjust sides on side test/approaching worthless or a delta/theta ratio >1.0. (The ratio is currently 5.97/10.48 or .57).

NaughtyPines

... for a 1.65 credit. Comments: Did some in the Q's, some in SPY ... . Figured that I might as well go for the trifecta. Targeted the <16 delta strike in the expiry nearest 45 days' duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will look at net delta tomorrow and determine whether I need to...

NaughtyPines

... for a 3.62 credit. Comments: Weakness + higher IV. Sold the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days to emulate dollar cost averaging into the broad market.

NaughtyPines

... for a 2.66 credit. Comments: Just when you thought it was safe to go in the water ... . Sold the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 DTE to emulate dollar cost averaging into the broad market.

NaughtyPines

... for a 3.20 credit. Comments: Targeting the strike that is <75% of where /ES is current trading and that routes for around 3.00 in credit. Max profit of 1.60 ($160.00) on buying power effect of 16.37 ($1637), 9.8% ROC. A basic bet that /ES doesn't go that low in the next 52 days.

NaughtyPines

... for a 2.40 credit. Comments: Been rolling this for quite a while now ... . Mechanically rolling out for duration at 50% max to the <16 delta strike paying 1% of the strike price in credit in the shortest duration expiry, which is currently August (neither July 15th nor July 22nd <16 delta are paying 1%). I'm doing this in lieu of adding units in SPY at the...

NaughtyPines

... for a 1.03 credit. Comments: Mechanically rolling out at 50% max to the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days. Total credits collected of 3.76 (See Post Below) plus the 1.03 here for a total of 4.79 relative to the July 22nd 169 short put value of around 1.80, so I've realized gains of 2.99 ($299) so...

NaughtyPines

... for a 1.41 debit. Comments: In for 1.89 (See Post Below), out for 1.41. .48 ($48) profit, 25% of max. Money, take, run ... .

NaughtyPines

... for a 2.69 credit. Comments: Continuing to target the <16 delta strike (the 265's at the 13 delta or so) paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day, which remains QQQ. Strikes sub-275 in the July 22nd expiry are 5-wide, so I may pause here a bit if 1-wides don't fill in so that I can avoid stepping on...

NaughtyPines

... for a 14.77 debit. Comments: (Late Post from Friday). Collected a total of 15.53. (See Post Below). Rolled out or sides in a few times and figured I'd get out while the getting was good. .76/$76 profit. Here's the full series of rolls/adjustments: Opened: QQQ 27th May 315/380 for a 6.20 credit. (Delta neutral). Rolled: QQQ May 27th 315/380 to June...

NaughtyPines Updated 

With the yen at multi-year lows, looking to take a bullish assumption directional shot with plenty of time to work out in the Yen proxy, FXY. The basic setup is to buy 2 x the 75 delta strikes and sell the 50's, resulting in a ~100 net delta long setup with a hypothetically infinite maximum profit. Currently, the setup is pricing out at 9.90 with a 71.95 break...

NaughtyPines

... for a 2.52 debit. Comments: Collected a total of 2.74 (See Post Below). Opted to close it out here for a .22 ($22) winner versus rolling it out for duration and credit.