... for an .83 credit. Comments: With only 7 days to go, rolling down and out to the strike paying at least 1% of the strike price in credit. Total credits collected of 3.53 (See Post Below) + .83 = 4.36 relative to the March 25th 178's current value of 1.80, so I've realized gains of 2.56 ($256) so far.
... for a 7.90 credit. Comments: Rolled up early in the session, after which the market quickly decided to go the other way, which is fine, since a "perfect finish" would be between the short option strikes. In any event, total credits collected of 28.79 on a 22.5 inversion, so I could still make money on this on a finish between the short leg strikes at 242.5...
... for a 5.90 credit. Comments: Rolled up the untested side to a 5-wide inverted here (242.5C/247.5P). Total credits collected of 20.89, so I can conceivably widen the inversion to 20+ at this point, but still don't intend to hold it running into earnings in 6, so I may just have to take the loss and move on.
... for a 1.27 debit. Comments: One of the only setups I didn't have to touch/adjust during all the January gyrations (i.e., no side was tested or approached worthless), but I had to wait on it longer than I would've liked. In for a 2.53 credit (See Post Below); out today at 50% max, 1.26 ($126) profit.
... for a 4.76 credit. Comments: The most I could make on this was 5.00 (the width of the diagonal), so closed it out here with 39 days to go, rather than roll out the short call to April or hang out for the remaining extrinsic to bleed out. My cost basis in the entire setup was a 4.22 debit. (See Post Below). Closing it out here for a 4.76 credit results in...
Earnings Announcements in Options Liquid Underlyings with >70 rank and >50% 30-Day Implied: TWTR (93 rank/90 30-day implied) (Thursday, before market open) UAA (80/68) (Friday, before market open) GPN (71/51) (Thursday, before market open) PFE (76/42) (Tuesday, before market open) Pictured here is a directionally neutral TWTR short strangle paying 1.34 on a...
... for a 1.31 credit. Comments: The short leg aspect of a long put diagonal that is acting as a short delta hedge against the rest of my long delta portfolio, the back month of which is in June at the 520 strike. (See Post Below). Cost basis in the diagonal is now 65.76 with an upside break even of 454.24, delta -46.51. Portfolio net delta remains long.
... short straddle. Comments: Locking in some realized gains by rolling the 151/160 and the 157C/158P inverted out to the March 18th 160 short straddle. I had to do this in separate rolls, receiving 7.19 in credits for the roll of the 151/160 and 3.67 for the roll of the slightly inverted 157C/158P. I've collected a grand total of 22.07 in credits...
... 199 short straddle. Comments: As with my February 18th IWM tight short strangle, rolling out my February 25th to the March 18th 199 short straddle for a 4.24 credit. Total credits collected of 12.80 relative to the March 18th 199 short straddle price of 14.46, so also still slightly underwater. I'll continue naturally continue to do defensive adjustments...
... 199 short straddle for a 4.24 credit. Comments: Locking in some realized gains by rolling the tight short strangle out to the March 11th 199 short straddle with 14 days to go. Total credits collected of 12.10 relative to the March 18th 199 short straddle price of 13.01, so it's still slightly underwater (credits collected are less than the current price of...
... for a 1.73 credit. Comments: Adding a rung out in the April monthly as part of a longer-dated strategy to emulate dollar cost averaging into the broad market using SPY, IWM, and QQQ. Targeting the strike paying at least 1% of the strike price in credit. Will generally look to roll at 50% max.
... for a 2.65 credit. Comments: Part of a longer-dated strategy to emulate dollar cost averaging into the broad market utilizing options in IWM, QQQ, and SPY. Here, targeting the strike in May paying at least 1% of the strike price in credit. (I already have "rungs" in March and April). Will generally roll at 50% max.
... for 7.45/contract. Comments: With the short leg having expired worthless, went ahead and closed out the long leg of this diagonal here rather than covering it again. My cost basis was 6.37/contract as of the last short leg roll. (See Post Below). Closing out the long leg here results in a 1.08 ($108)/contract winner (which seemed to have taken forever).
... for a 2.30 credit. Comments: As with the short puts I sold in IWM and QQQ in the sell-off, this one also is at greater than 50% max. Here, I rolled it out farther in time to start to fill out longer-dated expiries at intervals, again targeting the short put strike paying at least 1% of the strike price in credit, after which I'll roll the short put up at 50%...
... for a 2.40 credit. Comments: As with my IWM short put filled in the depths of the sell-off, there was far less extrinsic in the 280 than there was a few short days ago. Rolled out to April strike paying at least 1% of the strike price in credit, which is the 305, paying 3.19 or so. I collected 3.00 for the 280 (See Post Below) and 2.40 for the roll here,...
... for a 1.24 credit. Comments: After a few short days, this one's already at 50% max, so I rolled it out to 16 delta strike in the expiry nearest 45 days. Total credits collected of 2.59 (See Post Below) plus the 1.24 here or 3.83 relative to the 181 short put price of 2.13, so I've realized gains of 1.70 ($170) by rolling here.
... long put diagonal for a 68.09 debit. Comments: Re-erecting my short delta hedge in SPY to cut delta in a net delta long portfolio after closing out my previous setup which had converged on nearly flat delta. Here, selling the 50 delta strike in the front month and buying the 90 delta in the back month. Paying 68.09 for a 77 wide, -41.73 delta with a 451.91...
... for a 2.59 credit. Comments: Selling the weekly nearest 45 days until expiry/strike nearest 16 delta in the broad market exchange-traded fund with the highest 30-day on the board to emulate dollar cost averaging into small caps.