... for a .26/contract credit. Comments: In for 1.94/contract (See Post Below); out for .26/contract with 21 days to go. 1.68 ($168) profit per contract. Still have some July on ... .
... for a .04 credit. Comments: Here, a take profit/window dressing roll. Put on for 3.01 (See Post Below), it's at greater than 50% max here. I want to take profit, but reduce risk by rolling the strike a little bit further away from current price, as well as milk the remaining premium out of the play without extending duration a ton. With the July 2nd 294...
... for a .48/contract credit. Comments: 30-day at 40.2%. 2.74% ROC at max as a function of notional risk, no doubt due in part that I had to go in a little bit more aggressive than usual due to the lack of delta granularity from strike to strike. It was either this strike (24 delta) or the 17 (14 delta).
... for a 1.94/contract credit. Comments: Still pretty weak here with fairly high implied volatility (30-day at 46.7%). Selling the 16 delta strike. 2.15% ROC at max as a function of notional risk; 14.8% annualized.
... for a 1.16 credit. Comments: With the June 11th 207.5 at >50% max, rolling it out to the July monthly 16 delta strike for a 1.16 credit. Total credits collected of 2.43 (See Post Below) + 1.16 = 3.59 versus a current value of 2.23, so I've realized a gain of 1.36 ($136) on this so far. I would've rolled out to the July 9th weekly, but one isn't available yet.
... for a 2.90 debit. Comments: This isn't quite at 50% max (See Post Below), but taking profit here on this up move/volatility contraction with 24 days to go. In for 5.10, out for 2.90; 2.20 ($220) profit per contract.
... for a 1.88 credit. Comments: With the June 389 at 50% max on this up move, rolling out to the July 16 delta strike, locking in the realized gain. Total credits collected of 14.12 (See Post Below) versus a current short put value in the July 385 of 3.46, so I've realized gains of 14.12 - 3.46 or 10.66 ($1066) so far.
... for a 1.42 credit. Comments: With only 14 days to go and at >50% max, rolling this down and out to the 16 delta strike nearest 45 days until expiry. Total credits collected of 6.55 (See Post Below) + 1.42 = 7.97 relative to the July 2nd 200 current price of 2.04, so I've realized a gain of 5.93 so far.
... for a 5.20 credit. Comments: Selling the short put vertical nearest 45 days until expiry that pays at least 10% of the width of the spread. Generally, take profit at 50% max.
... for an 8.50/contract debit. Notes: I'm not all that confident that this stays above 25, so taking profit here. My cost basis was 7.76/contract (See Post Below), so .74 ($74) profit per contract here on a 9 wide (8.22% ROC).
... for an .11 credit. Comments: Here, doing a little "window dressing" rolling ... . With the 297 at greater than 50% max (See Post Below), rolling it down and out in duration a little bit for a realized gain and a small credit. Here, I just want to take profit up to this point and reduce risk (since the 288 is farther away from current price than the 297,...
... for a 2.38 credit. Comments: Weakened quite a bit into the close, so phone-app'd my weekly, 16 delta short put in the broad market exchange-traded fund with the highest 30-day in the contract nearest 45 days until expiry. Will look to take profit via roll or close on approaching worthless or, alternatively, take assignment of shares and sell call against if...
RIOT announces earnings on Monday, so I'm not keen on stepping in front of what is likely to be a moving bus. However, I may consider something post-earnings and wanted to price things out here ahead of time to give me some idea as to where I might want to set up up my tent and what that might be paying. Unfortunately, the weeklies aren't that great for...
Here's what's paying for premium sellers as of Friday's close ... . For those of you not familiar with my general process, my general order of preference is to trade (a) broad market; (b) sector exchange-traded funds; and (c) single name, in that order. If broad market isn't paying, I look at exchange-traded funds, and -- if those aren't paying -- I look at...
... for a 1.74/contract credit. Notes: High rank/implied at 60/61 with expiry-specific implied at 56. As with ARKK, oddball strike values. Here, selling the 15.5 delta out in July. 2.93% ROC at max as a function of notional risk.
... for an .80/contract credit. Notes: With the 144's at 50% max, rolling out and down to the 28 delta strike in August. Total credits collected of 7.93/contract (See Post Below) versus a short call value of 1.61 = realized gain of 6.32 so far. I last acquired at around 110/share, so am fine here with being called away (even though I don't think that's going...
... for a 5.10 credit. Notes: A bullish assumption short put vertical paying at least 10% of the width of the spread in the expiry nearest 45 days until expiry. Will generally look to take profit at 50% max or so.
... for a 2.32 credit. Notes: Selling the 16 delta strike nearest 45 days until expiry in the broad market exchange-traded fund having the highest 30-day implied volatility. Will take profit on approaching worthless/take on shares, sell call against if in-the-money at expiry. 1.21% ROC at max as a function of notional risk.