... for a 4.80 credit. Comments: Selling the 16 delta, buying the long 50 strikes out from there; it pays what it pays. Will generally look to take profit at 50% max. * -- Short Put Vertical.
... for a .42 debit. Comments: Rolled this a few times, collecting a total of 4.88 in credits. (See Post Below). Closing it here results in a realized gain to date of 4.88 - .42 = 4.46 ($446). I opened up a new one today in the November 19th expiry at the 204 strike, so could have also rolled from October 22nd to November 19th for a credit to do the same...
... for a 1.87 credit. Comments: My weekly 16 delta short put in the broad market exchange-traded fund that has the highest 30-day in the contract nearest 45 days until expiry.
... short call for a 1.37 credit. Comments: Trying to milk a little more out of this covered call by rolling the short call aspect out a month to November while the implied is >50%. My cost basis in my shares was 46.93 (See Post Below); rolling out the short call reduces that to 45.56 with a max profit potential of the short call strike (48.00) minus my cost...
... for a 1.71 credit. Comments: 30-day implied isn't great here at 34% or so, so this is more about taking advantage of weakness than anything else.
... for a 3.85 credit. Comments: Ordinarily, this has been the instrument I've been playing for "longer-dated filler" premium-selling, but since the 16 delta is paying here, adding some in the November monthly.
... for a 5.20 credit. Comments: Selling the 16 and buying the long 50 strikes out from there in the expiry nearest 45 days.
... for a 1.02/contract credit. Comments: With only .13 left in the 20's, rolling the short call aspect of my covered calls down to the November 17.5's for a 1.02/contract credit, with a resulting cost basis of 15.76 (See Post Below) - 1.02 or 14.74/share and a max profit potential of the short call strikes (17.5) minus 14.74 or ($276) per contract.
... for a 2.13 credit. Comments: My Friday 16-delta short put in the broad market exchange-traded fund with the highest implied volatility.
... "Double Double" Iron Condor for a 1.08 credit. Comments: If IWM is going to give me rangebound, I'm going to play it rangebound. Here, a "double double" iron condor to accommodate call side skew. To do this, I went 6 wide on the put side, but 3 wide on the call side with the short call legs at around 1/2 the delta of the short put leg, but double the...
... for a 7.63 credit/contract. Comments: With max profit in the diagonal around the width of the spread (8.00), closing it here rather than waiting another 21 days for the remaining extrinsic to bleed out and/or risking that price returns to below 24. My cost basis was 6.49/contract (See Post Below). Closing it here results in a realized gain of 1.14...
... for a .23/contract debit. Comments: Opened at-the-money for 1.76 (See Post Below), taking 1.53 ($153)/contract's worth of profits here, freeing up the buying power for another shot lower should earnings disappoint. Still have the October 15th 20 Covered Calls on, where I'm waiting to roll the 20's out on approaching worthless ... (or to take profit should...
... for 1.19/contract. Comments: One of the higher-30 day implied (39.4%) exchange-traded funds on my screener that I currently don't have a position in.
... for a 4.40 credit. Comments: Selling the 16 delta put, buying the long 50 strikes out from there; it pays what it pays. 9.6% ROC at max as a function of buying power effect; 4.8% at 50% max. Generally, will look to take profit at 50% max.
... for a 2.21 credit. Comments: Part of a longer-dated strategy to keep maximal buying power deployed, even in "locally" (i.e., <45 days until expiry) low implied volatility environments. Here, the November 17th 379 is at 50% max, so rolling it out to the strike in December paying at least 1% of the strike in credit which is the 388, paying 3.96. Up to this...
... for a 1.93 credit. Comments: My weekly, broad market 16 delta short put in the exchange-traded fund with the highest 30-day in the contract nearest 45 days until expiry. Generally, look to take profit or roll out at 50% max.
... for a .39/contract credit. Comments: The October 15th 18 short calls appeared to be no bid, but stuck an order out there anyway, which got filled. Here, rolling my MJ 18's out to January, since there isn't a December and November isn't paying particularly well at the 18 strike. Current cost basis is now 17.13 (See Post Below) minus .39 or 16.74, so I can...
... for a .52/contract credit. Comments: This is to cover the 16's I was assigned on last week. They had a cost basis of 15.57/share (See Post Below). By selling the 16's against for .52, my cost basis in the shares is now 15.57 - 15.52 = 15.05/share.