... for a .60 debit. Comments: Plain Jain profit-taking/SPY short put ladder clean up here. Total credits collected via rolls of 18.35 (See Post Below). Closing out here: 18.35 - .60 = 17.75 ($1775) of profit.
... for a .63 debit. Comments: Plain Jane profit taking/cleaning up of my longer-dated SPY short put ladder. Collected a total of 4.03. (See Post Below). 4.03 - .63 = 3.40 ($340) profit.
... for .38/contract. Notes: Waited a little bit after taking assignment of shares (See Post Below) to sell calls against. Here, selling the strike at which my short puts were originally. Cost basis/break even is now 17.13/share, so my current profit potential is the short call strike (18.00) minus my cost basis (17.13) or .87 ($87)/one lot. Still have...
... for a .26 debit. Comments: In for .53 (See Post Below), out for .26 today via a good until cancelled order to take profit at 50% max. .27 ($27) profit. 6.0% ROC with 36 days to go. * -- Short Put Vertical.
Comments: Although the shares haven't appeared in my account yet, they will be there by Monday, since MJ finished sub-18.00 at expiry. These started out as August 17th 18 short puts (See Post Below), for which I received a .49/contract credit, so my cost basis in the shares will be the strike price (18.00) minus the credit received (.49) or 17.51/share. Next...
... for a 2.12 credit. Comments: With the October 15th 373 at 50% max, rolling it out a month to the strike paying at least 1% of the strike price in credit. Total credits collected of 11.07 (See Post Below) + 2.12 = 13.19 versus a November 19th 379 short put value of 3.82, so I've realized gains of 13.19 - 3.82 or 9.37 ($937) so far.
... short put for a 1.08/contract credit. Comments: With the 30-day implied remaining fairly decent at 43.2% and the September 17th 102's at around 50% max, rolling them down and out to the October 100's for a 1.08/contract credit here. I originally collected 2.44/contract for the 102's, (See Post Below), so have collected 2.44 + 1.08 = 3.52 versus a current...
short put for a 1.82 credit. Comments: Part of a longer-dated strategy targeting the strike paying at least 1% of the strike price in credit. Here, cleaning up my ladder a little bit by taking profit on the December contract, which is at 50% max. Total credits collected of 3.33 (See Post Below) + 1.82 = 5.15 versus a current short put value of 3.35, so I've...
... for a 1.37 credit. Comments: With this contract at greater than 50% max, rolling down and out for a realized gain of what I put it on for (2.01) (See Post Below) minus its current value (.79) or 1.22 ($122) credit. Going with the expiry nearest 45 days until expiry/16 delta strike. Total credits collected of 2.10 + 1.37 = 3.47. Were I not to have been able...
... for a .45/contract credit. Comments: Ahhh, EWZ, my old friend ... . Selling some put in the October cycle (56 days until expiry) on weakness and high implied volatility, with 30-day at 48.3%.
... for a .53 credit. Comments: A late post. Added some in the morning, got weaker, so added some in the afternoon as well (at 12:22:26). The basic strategy here is to emulate dollar cost averaging into the broad market with more room to be wrong, albeit with the twist being that you generally want to do it in higher implied volatility environments/on...
... for a .52 credit. Comments: A late post. Sure enough, I go on vacation and the market dumps. Filled early in the session at 9:35:53. Generally, will look to take profit at 50% max. * -- "Short put vertical"; also known as a "bull put spread."
.. 201 Short Put for a 1.27 credit. Comments: I originally opened this for 2.02. (See Post Below). With only .68 left in it (>50% max), I'm rolling it down and out to the 16 delta strike in expiry nearest 45 days until expiry to reduce risk a smidge relative to where the underlying is currently trading. I'm opting to do this versus adding additional units,...
... for a 1.76 credit. Comments: Adding to my relatively small SOFI position here on weakness as a little bit of an engagement trade while I wait for a higher volatility environment in the broad market or exchange-traded funds. My cost basis in any shares I may get assigned is the strike price (15.00) minus the credit received (1.76) or 13.24. The whole...
... for a .41/contract credit. Notes: Rolling my covered calls from September to October here with a resulting cost basis of 16.17 (See Post Below) - .42 or 15.76/share. I wanted to do this before more volatility pisses out post-earnings announcement. Still have the September 17th 15 short put on, which I'm intending to run to expiry, since this is a...
... for a .38 debit/contract. Comments: Plain Jane profit-taking here in advance of vacation. In for 1.15 (See Post Below), out for .38 here. .77 ($77) profit/contract.
... for a .25 debit. Comments: Plain Jane profit taking here with 14 days to go. In for 1.72 (See Post Below), out for .25 here; 1.47 ($147) profit.
... 391 short put for a .04 credit. Comments: A take profit roll. I originally put this on for 4.03 (See Post Below) and want to try to milk the last extrinsic out of it without extending duration much, particularly since implied volatility kind of sucks here and want to reserve longer duration rolls for a better premium selling environment. With the...