... for a .43/contract credit. Notes: >35% 30-day at 39.7%. I already have some 18 on in August, so going out to September. 2.76% ROC as a function of notional risk. As usual, this is a "wheeling" play: generally, take profit on the short put approaching worthless; otherwise, if in the money at expiry, take assignment of shares and proceed to sell call...
... for a 1.15/contract credit. Notes: With 30-day implied at 42.8%, it's toward the top of my exchange-traded fund implied volatility screener. (The others are TQQQ, ARKK, MJ, XLE, and ARKG). Selling out in September here, as I've already got a rung on in August at the 75 strike. 1.7% ROC at max as a function of notional risk.
... for a 2.01 credit. Notes: Doing my weekly, 16 delta short put in the broad market exchange-traded fund with the highest 30-day, which (no surprise here) is IWM for the umpteenth week running.
... for a $12.50 profit. Comments: Closing this out here for a small profit to return to my regularly scheduled broadcast of SPY, IWM, QQQ options trading ... .
... for a .52 credit. Notes: A late post ... . Opened this yesterday morning at around 10:15 a.m. to take advantage of the high volatility environment and weakness. There wasn't any September 3rd weekly in SPY yet, so had to use the monthly. It's like the market knew that I was going to be out on the lake ... . :-)
... and closing August 20th 20 Short Call and opening September 2x 20 Short Calls. Notes: This is a trade that started out as a call ratio where I bought 2 x the 15's calls and sold a 20 call in the August 20th expiry, after which it promptly moved toward 15. I'm inclined to think that it will need more time to work out, so exercised the long calls today to...
... for a 4.60 credit. Comments: Selling the 16, buying the 13 delta here on weakness. 10.1% ROC at max; 5.0% at 50% max.
... for a 2.10 credit. Comments: Mechanically rolling at 50% max out to the strike paying at least 1% of the strike price in credit. Total credits collected of 8.35 (See Post Below) + 2.10 = 10.45 versus a current value for the October 382 of 3.85, so I've realized gains of 10.45 - 3.85 = 6.60 ($660) so far.
... for a 1.72 credit. Notes: Selling 16 delta premium in the broad market instrument with the highest implied volatility in the contract nearest 45 days until expiry.
... for a .25 debit. Comments: Opened for a 2.63 credit (See Post Below). Out here for .25 at the open, 2.38 ($238) profit.
... for a 4.03 credit. Comments: Another form of dollar cost averaging in with more room to be wrong than buying shares. Here, I targeted the strike in September that is 16 delta or less that pays at least 1% of the strike price in credit, which was the 400, paying a smidge more than 4.00.
... for a .53 credit. Comments: Selling the 5-wide in the expiry nearest 45 days until expiry and collecting at least 10% of the width of the spread in credit to emulate dollar cost averaging into the broad market.
... for a 1.02 debit. Comments: Another too far, too fast exit ... . Opened for .51, closed here at 2 x credit received.
... for a 1.04 debit. Comments: Opened for .53, (See Post Below), taking loss here at around 2 x credit received. Too far, too fast.
... for a $102.50 credit. Notes: Truth be told, I don't putz around with futures options all that much, but it's nice to have tools in the tool box that you can deploy when New York is closed. Here, doing the same thing I would do in SPY or SPX, looking to emulate dollar cost averaging into the broad market with more room to be wrong. Will generally look to...
... for a .53 credit. Comments: Highest implied volatility of the majors at 25.3%. Sold the spread nearest 45 days until expiry that pays around 10% of the width of the spread to emulate dollar cost averaging into the broad market with more room to be wrong. Generally, take profit at 50% max; loss at 2 x credit received.
... for a .28 debit. Comments: Hit 50% max early in the session when the QQQ's were still green. In for .57 (See Post Below), out for .28 here, 50% max, 6.32% ROC with 31 days to go.
... for a 2.00 debit. Comments: In for a 4.00 credit (See Post Below), hit my order to take profit at 50% max today (2.00/$200 profit, 4.35% ROC) with 32 days to go. Still have August 20th (38 days until expiry) and August 27th (45 days) on.