... for a 3.76 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Going out to January here, because I already have quite a few rungs on in the Nov and Dec monthlies, as well as the Dec 29th. I may still try to squeeze some rungs in November and December if...
... for a 1.56 credit. Comments: Rounding out rungs in the last of the available expiries in the 4th quarter, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market using short puts. If I had nothing on in IWM, I'd probably go shorter duration (e.g., November 17th) where the 165 is...
Comments: Targeting the <16 strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Filled the November 17th 165 for 1.71 credit; the December 15th 159, for 1.60. Will generally look to take profit at 50% max or roll down and out for duration and a credit if tested.
... for a 3.28 credit. Comments: My weekly broad market short put in the shortest duration contract where the <16 delta is paying around 1% of the strike price in credit to emulate dollar cost averaging into the market without actually being in stock.
... for a .96 credit. Comments: Adding on weakness, targeting the strike paying around 1% of the strike price in credit in the contract nearest 45 days duration. This is more aggressive than I usually do, since it's at the 30 delta, but I'm looking to pick up shares at or around these lows if at all possible. Because of this, I'll look to run these right up...
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Laddering out in successive expiries to disperse risk over time. Will generally look to take profit at 50% max or roll down and out for a credit if tested. December 15th 391: 3.96 credit December 29th 384: 3.86 credit
It's Fryyyydayyyy ... (which is when I tend to do all my "stuff"). Well, unless you've been hiding under a rock (no judgment here), you'll know that premium-selling in broad market isn't very good here, with IWM IVR/IV at 12.3/19.7%, QQQ at 9.1/20.1%, and SPY at 6.8/14.4%. That sub-25 IVR is telling you that broad market IV is in the bottom quarter of its...
... for a 1.58 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. As I mentioned in my earlier post (See Below), shorter duration is probably paying, but I already have rungs on in the Nov 17th, Dec 15th, and Dec 29th expiries, so going out to 2024...
... for a 3.00 credit. Comments: Rounding out fourth quarter rungs in the Q's here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Shorter duration (i.e., November) is actually paying at or below the 16 delta strike, but already have rungs camped out there (although I still...
... for a 3.28 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market and to generate "free cash flow."
... for a 4.08 credit. Comments: My weekly short put in the S&P exchange-traded fund, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit. This is to emulate dollar cost averaging into the broad market without actually being in the stock. In the vast majority of cases, I'll look to take profit on these at 50%...
... for a 1.78 credit. Comments: My weekly short put in the small caps exchange-traded fund, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit. This is to emulate dollar cost averaging into the broad market without actually being in the stock.
... for a 1.34 credit. Comments: Adding a rung out in the November monthly so that my October rung doesn't look so lonely ... . It's actually because SMH 30-day IV is still fairly decent at 31.6%; the only options liquid ETF's with better IV are GDXJ (35.2%) and FXI (32.0%). Targeting the <16 delta strike paying around 1% of the strike price in credit to...
... for a 3.48 credit. Comments: My weekly short put in the Q's, targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit. This is to emulate dollar cost averaging into the broad market without actually being in the stock.
Comments: Targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. October 20th 320: 3.35 credit November 17th 314: 3.17 credit December 15th 300: 3.02 credit
... for an .82/contract credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the biotech sector. I'm fine with getting assigned, selling call against, but mainly just selling premium in some relatively high IV sector exchange-traded funds (XBI's at 30.9%) while I wait for some of...
... for a 1.60 credit. Comments: Just adding a little sump thin' sump thin' in high IV exchange-traded fund land, selling premium that targets the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the semicon sector. Here, 30-day IV is at 33.4% and at the top of my liquid exchange-traded fund board when...
... for a 3.98 credit. Comments: Targeting the <16 strike paying around 1% of the strike price in credit. I already have rungs on in the September 29th, October 20th, so going out to November here with this particular rung.