... for a 14.10 debit.
Comments: Well, there's my "more than a buck." Total credits collected of 15.64. Closing out here for 14.10 results in a realized gain of 1.54 ($154) with 14 days to go.
Here's the blow by blow:
Opened: QQQ April 22nd 290/361 for a 5.85 credit.
Rolled: QQQ April 22nd 290 Short Put to the April 22nd 341 for a 3.95 credit. (Defensive roll, cutting net delta in half).
Rolled: QQQ April 22nd 341 Short Put to the April 22nd 348 for a 1.15 credit. (Defensive roll, cutting net delta in half).
Rolled: QQQ April 22nd 348 Short Put to the April 22nd 356 for a 1.95 credit. (Defensive roll, cutting net delta in half).
Rolled: QQQ April 22nd 361 Short Call to the April 22nd 354 for 2.74 credit. (Defensive roll, cutting net delta in half).
As you can see in 20-20 hindsight, I probably could've just left the original setup alone and been better off. The April 22nd 290/361 -- the original, unadjusted setup -- is marking at 2.88 at the moment, so I would've hit 50% max at some point. That being said, I generally operate on the assumption that you never know if the position will continue to move against you or not and that it's best to adjust sooner than later.
Comments: Well, there's my "more than a buck." Total credits collected of 15.64. Closing out here for 14.10 results in a realized gain of 1.54 ($154) with 14 days to go.
Here's the blow by blow:
Opened: QQQ April 22nd 290/361 for a 5.85 credit.
Rolled: QQQ April 22nd 290 Short Put to the April 22nd 341 for a 3.95 credit. (Defensive roll, cutting net delta in half).
Rolled: QQQ April 22nd 341 Short Put to the April 22nd 348 for a 1.15 credit. (Defensive roll, cutting net delta in half).
Rolled: QQQ April 22nd 348 Short Put to the April 22nd 356 for a 1.95 credit. (Defensive roll, cutting net delta in half).
Rolled: QQQ April 22nd 361 Short Call to the April 22nd 354 for 2.74 credit. (Defensive roll, cutting net delta in half).
As you can see in 20-20 hindsight, I probably could've just left the original setup alone and been better off. The April 22nd 290/361 -- the original, unadjusted setup -- is marking at 2.88 at the moment, so I would've hit 50% max at some point. That being said, I generally operate on the assumption that you never know if the position will continue to move against you or not and that it's best to adjust sooner than later.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.