... for a 4.30 ($430) credit. Comments: Selling the 16, buying the long 50 strikes out from there, this time in the November 5th (49 Days) contract, where implied is at 21.6%. (I did one earlier in the day in the October 29th). 9.4% ROC at max as a function of buying power effect; 4.7% at 50% max.
... for a 4.50 credit. Comments: Selling the 16, buying the long 50 strikes out from there on this weakness, uptick in volatility. 9.9% ROC at max as a function of buying power effect; 5.0% ROC at 50% max.
... for a .51/contract credit. Comments: 30-day at 39.3% and somewhat weak relative to the June high.
... for a 1.07 credit. Comments: I have a September 17th in-the-money 48 short put that I will be assigned on, as I don't see this ripping to 48 by the end of the day. The short call aspect of this spread will cover the stock once I'm assigned, with the buying power attributable to the spread being freed up after assignment of the stock. Because I've...
... for a 1.71 credit. Comments: With the 194 only having .29 left in it, rolling it out to the 16 delta strike the contract nearest 45 days rather than adding units. Total credits collected of 3.47 (See Post Below) + 1.71 = 5.18 versus a current short value for the 202 of around 1.97, so I've realized gains of 5.18 - 1.97 or 3.21 ($321) so far.
... for 2.09/contract. Comments: With 30-day implied at 40% or so, adding in some November here.
... for a .56 credit. Comments: Starting to gear up a little bit in this higher volatility environment/weakness ... . I couldn't quite get a 5-wide where I wanted to camp out my spread, so did a 5.5 wide instead and collected at least 10% of the width of the spread in credit. Will start to crank on some stuff in the IRA shortly.
... for a .68 credit. Comments: There isn't any November or December monthly yet, so extending duration out to January. My original cost basis was 15.44/share (See Post Below). With this roll, it's now 15.44 - .68 or 14.76, so I could conceivably roll this down to 15 with "my next move" and still be selling above my cost basis. However, we'll wait and see if...
... for a 1.01 debit. Comments: In for 1.04 (See Post Below), out for 1.01 at the open before the transition to GREE stock, so basically a scratch. * -- Short Put Vertical.
Pursuant to a news release issued this morning: (a) "Subject to the terms and conditions of the merger agreement, at the effective time of the merger, each share of Support.com, Inc. common stock issued and outstanding immediately prior to the effective time will be cancelled and extinguished and automatically converted into the right to receive 0.115 shares of...
... for a .52 credit. Comments: Opened up the 5-wide in the October 22nd expiry paying at least 10% of the spread in credit in this bit of weakness/IV uptick.
... for a 1.49 credit. Comments: Rollin', rollin', rollin' ... . With the 201 at >50% max, rolling out to the 16 delta October 22nd 205, as opposed to adding units. I've collected a total of 3.39 (See Post Below) + 1.49 here = 4.88 relative to the current price of the 205 of 2.23, so I've realized gains of 4.88 - 2.23 = 2.65 ($265) so far.
... for a .36/contract credit. Comments: This is the short leg of a long call diagonal, the long leg of which is out in March of '22. (See Post Below). There isn't a ton of extrinsic left in the September 17th 24, so rolling it here. Cost basis in the setup is now 6.85/contract - .36 = 6.49 with a break even at 22.49. I'm hanging out for a decisive break of...
Selling premium in the QQQ's in the expiry nearest 45 days and looking to collect at least 10% of the width of the spread in credit. Collected .57 in credit here and will look to take profit at 50% max. 12.9% ROC at max as a function of buying power effect; 6.4% ROC at 50% max. * -- Short Put Vertical.
... for a 1.04 credit. Metrics: Max Profit: $104 Max Loss/Buying Power Effect: $396 Return on Capital at Max Profit as a Function of Buying Power Effect: 26.3% Return on Capital at 50% of Max Profit as a Function of Buying Power Effect: 13.1% Break Even: 6.96 Comments: Went with farther out-of-the-money strikes than posted in my Trade Idea (See Post Below). ...
30-day implied volatility is at a whopping 280%. A trade idea with a ridiculous return on capital at max, regardless of whether you strip naked (i.e., short put) or spread it. Metrics: Notional Risk: $784 Max Profit: $216 ROC at Max as a Function of Notional Risk: 27.6% ROC at 50% Max as a Function of Notional Risk: 13.8% Break Even/Cost Basis in Stock if...
... for .53/contract debit. Comments: A little bit of Plain Jane profit taking ... . Put this on for 1.70 credit/contract (See Post Below). 1.70 - .53 = 1.17 ($117) profit per contract with 14 days to go. I've still got October 15th 20 covered calls and October 15th 15 short puts on.
... for a 2.40 credit. Comments: With the 365 at 50% max, rolling up intraexpiry to the strike paying at least 1% of strike in credit (the 409 is paying 4.09). Total credits collected of 9.96 + 2.40 = 12.36 minus a current short put value of 4.09, so I've realized gains of 12.36 - 4.09 = 8.27 ($827) so far.