... for a 9.88 debit. Comments: As with my IWM trade, paying a debit to uninvert this setup, free up buying power, and turn it into a higher POP (Probability of Profit) setup. I had collected a total of 11.65 in credits up to this point, so I'm still net credit by 1.77 after doing this, but with a smaller buying power footprint and with "delta/theta happy"...
... for a 6.04 debit. Comments: Rolling out and paying a debit here that is smaller than total credits collected to reduce buying power effect. Up to this point, I'd collected a total of 8.39 in credits, so I'm still net credit on the setup by 2.35, but it's currently marking at 4.57 or so, so I'm down 2.22 on the position at this point. The setup, however,...
... for an .89 credit. Comments: Just rolling "as is" here about half way through the cycle to reduce cost basis further. Total credits collected of 2.46 on a 1-wide inverted (i.e., I can invert a smidge further to a two-wide if I don't get a bounce).
... for a 1.35 credit. Comments: Rolling down the untested side of my July 22nd short strangle, the short put leg of which is at the 167.5. Total credits collected of 8.39. End of day delta/theta 7.48/19.31.
... for a 1.32 debit. Comments: In for 1.54 (See Post Below), out here for 1.32. .22 ($22) winner ahead of the long holiday weekend.
... for a 2.93 credit. Comments: Beginning to kind of hate this underlying ... . Rolling in the untested side. Total credits collected of 6.16.
... for a 1.76 credit. Comments: Inverting further ... . Total credits collected of 11.65 on a now 10-wide inverted. Delta/theta 38.22/9.49. I don't particularly like that delta/theta metric, but am about as inverted as I want to go.
... for a 1.40 credit. Comments: Rolling down the untested side of my July 22nd short strangle. Total credits collected of 5.20. Delta/theta 23.62/15.41.
... for a 1.54 credit. Comments: Opened this on Friday, but ran out of time to post ... . High IVR/IV at 73/76. Selling the 16 delta on both sides. 1.54 credit on buying power of 4.05; 38.0% ROC as a function of buying power at max; 19.0% at 50% max.
... for a .93 credit. Comments: Rolling in the untested side of my July 22nd short strangle to maintain a <1.0 delta/theta ratio. Total credits collected of 3.80.
... for a 2.56 credit. Comments: Looked like it was going to stay within in the strikes ... until yesterday, so rolling out here for duration and a credit. Total credits collected of 9.89 on a five wide with break evens at 65.11/79.89.
... for a 3.18 credit. Comments: These WERE 16 delta strikes on both sides when I opened this using my phone app at around 9:45 CST. In any event, 3.18 credit on BPE of 21.00; 15.1% ROC at max as a function of BPE; 7.6% at 50% max. Will look to adjust sides on side test/approaching worthless or a delta/theta ratio >1.0. (The ratio is currently 5.97/10.48 or .57).
... for a 1.41 debit. Comments: In for 1.89 (See Post Below), out for 1.41. .48 ($48) profit, 25% of max. Money, take, run ... .
... for a 14.77 debit. Comments: (Late Post from Friday). Collected a total of 15.53. (See Post Below). Rolled out or sides in a few times and figured I'd get out while the getting was good. .76/$76 profit. Here's the full series of rolls/adjustments: Opened: QQQ 27th May 315/380 for a 6.20 credit. (Delta neutral). Rolled: QQQ May 27th 315/380 to June...
... for a 2.52 debit. Comments: Collected a total of 2.74 (See Post Below). Opted to close it out here for a .22 ($22) winner versus rolling it out for duration and credit.
... for a 4.58 debit. Comments: Plain Jane profit-taking. Collected a total of 6.33 in credits. (See Post Below). Closing out here results in a net profit of 1.75 ($175).
... for a 1.89 credit. Comments: Selling premium in the exchange-traded fund with the highest IV on the board. As usual, will manage sides on approaching worthless , side test, or a delta/theta ratio of >1.00. 1.89 credit on BPE of 4.26 (on margin); 44.4% ROC as a function of buying power at max; 22.2% at 50% max.
... for a 1.64 credit. Comments: Rolling up the short put aspect of my July 1st IWM short strangle, the short call of which is at the 194 to cut the delta/theta ratio to around 1:1. Total credits collected of 6.33. It's now delta/theta -12.03/14.85.