... for a 1.83 credit. Comments: Adding a short back in to strangle my in-the-money high delta 99 short put (which is temporarily acting like long stock). Total credits collected of 15.22 with a downside break even of 83.78.
... for a 1.38 credit. Comments: A small delta adjustment here to realize a gain on the call side, recenter my risk, and get a credit for doing it. Both sides are now at the 18 delta (ish) strikes, with net delta basically flat. Total credits collected of 10.88 with 77 days to go. I generally wait for side approaching worthless/side test to do an adjustment,...
... for a 1.16 credit. Comments: Taking a little profit (1.40/$140) by rolling here. Total credits collected of 16.30 relative to a short straddle price for the April 1st 201 of 15.82.
... for a .05 credit. Comments: Giving myself more room to be wrong on the put side ... .
... for a 79.15 credit. Comments: Having erected a new short delta hedge in my IRA that I don't want "step on" with potential rolls of the short leg aspect of this setup, taking profit on this hedge here. My cost basis was a 63.58 debit (See Post Below). Closing it out here results in a realized gain of 15.57 ($1557)/contract.
... for a 3.05 credit. Comments: Targeting the <16 delta strike in the expiry nearest 45 DTE paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market in weakness and high IV.
... for a 4.00 credit. Comments: Targeting the <16 delta short put paying at least 1% of the strike price in credit on weakness/high IV to emulate dollar cost averaging into the broad market. Previously, I was using longer duration monthlies, but since 45 days until expiry is paying here in SPY, I'm opting to go shorter in duration for the time being.
... for a 2.85 credit. Comments: Total credits collected of 30.85 on what is now a 38-wide inverted, so just looking to close out the entire position for less of a loss than what it is currently at this point.
... for a .69 credit. Comments: This isn't quite at 50% max, but only has 11 days to go, is in profit, and is the highest strike I've got hanging out there in IWM. I've collected a total of 3.83 (See Post Below) + the .69 here for a total of 4.52 relative to a current price for the April 22nd 165 of 1.80, so have realized gains of 2.72 ($272) in this puppy so far.
... for a 5.90 credit. Comments: High IVR/high IV (96/48.5). Selling the 15 delta-ish strikes on both sides; 5.90 credit on buying power effect of 25.37 (on margin); 23.3% ROC at max; 11.6% at 50% max.
... for a 1.65 credit. Comments: Adjust individual positions first if your portfolio net delta gets out of whack, then look at adding a portfolio-wide delta hedge thereafter if that hasn't done the trick (is the general rule). Doing that here with my NVDA position, on which I've collected a total of 45.95 on a now 20-wide inverted (April 14th 245C/265P) with a...
... for a .20 debit. Comments: Sold this for 1.41 to reduce cost basis in my inverted short strangle. Closing out here results in a realized gain of 1.21 ($120) on that leg. Cost basis on the remainder is now 12.46, with a downside break even of the short put leg (99) minus credits collected (12.46) or 86.54 relative to where XBI is trading right now at 86.34,...
... for a .66/contract credit. Comments: High IVR/high IV at 114/35. Starting to build a position in EFA here while I wait for U.S. equities positions to come in. Targeting the <16 delta strike paying at least 1% of the strike price in credit. Unfortunately, the weeklies aren't that great from a liquidity standpoint, so will have to ladder out in the...
... for a 2.14 credit. Comments: Total credits collected of 28.00 on a 25.22-wide inverted with a put side break even of 74.22. Ordinarily, I would have rolled out the shorter dated March 18th 59.22 at 50% max, but I sold it for 1.83 and it finished the day at 2.03 with 15 days to go, so will just look to take it off on approaching worthless if I get an...
... for a 2.87 credit. Comments: A take profit/recenter risk roll. Total credits collected of 9.50 relative to a price of 8.01 at the time of fill, so I realized gains of 1.49 ($149) by doing this roll.
... for a 1.58 credit. Comments: With 7 days to go and with the short put at >50% max, rolling this down and out to the April 8th 175 strike, which is paying around 2.10. I've collected a total of 4.08 in credits relative to a current price for the 175 short put of 2.05, so have realized gains of 2.03 ($203) so far.
... for a 10.03 credit. Comments: Rolling "as is" half way through the cycle to collect additional credit and improve my break evens. Total credits collected of 44.30 on a 15-wide inverted.
... for a 2.38 credit. Comments: Rolling this "as is" at 21 days until expiry to collect additional credit and improve my break evens. Total credits collected of 12.66 on a 6-wide inverted with a downside break even of 86.34 relative to where the underlying is currently trading at 88.22