Category Option Trades

Closing my second $XBI strangle 67P/97C, Exp date 18/11, after 17 days for a $107 net profit, and an annualised ROC of 268 %. This is the third position I can close today, bringing the October total at $458. Next Friday we are at 21DTE, this means I will close, roll or take off the positions with exp date 18 Cheers

With DTE of 21 days to come next week, I am already anticipating a bit to close some positions. In order to keep my thetas at goal level, I am taking 2 new positions: Selling $IWM strangle 145P/194C, exp date 16/12, for a net credit of $2.95, neutral delta, IVR = 68, adding $8 daily time decay to the portfolio. Selling $MRVL strangle 32,5P/147,5C, exp…

Closing my $MARA Strangle 10P/17,5C, Exp date 18/11, after 38 days for a $47 net profit, and an annualised ROC of 69 %. Cheers

Closing my $XBI Strangle 65P/100C, Exp date 18/11, after 17 days at 50% Max profit for $81 net profit, and an annualised ROC of 184%. Cheers

New positions: I am adding two new positions with Exp date 16/12: $MU short strangle 45P/65C for $2.13 credit $EWZ short strangle 27P/38C for $1.25 credit Adjusting : $XLE rolling up the puts from 76 to 80 giving me a short strangle 80P/85C for total net credit of $4.56, adjusting my delta because XLE keeps moving higher, let’s hope it doesn’t turn around big now.…

I have just sold 5 naked puts of FISKER options, strike $7, with exp date 16/12/22, for $1.14 credit per contract. FSR has a gone down a lot the last weeks and I am expecting a move back up to $8, $9 in the next weeks. Earnings of TESLA may trigger a move up. If this is not the case, I would not mind to…

With an IVR of 81, the juice in the QQQ options remains interesting. I have sold an Iron Condor 240/244 300/304 with exp date 25/11 for a $1.14 credit, giving a delta neutral position with a theta of $2.2 When indexes have high volatilty, I like to take on these positions to counter or avoid individual position risk. Looking forward to take the trade off…

XLE has shown to remain strong. I had a 72P/85C Strangle on, that I have adjusted and rolled the put up to 76P. I have now a strangle 76P/85C for a total net credit of $3.71, giving a -31 delta on the position and a theta of $12. 

Buy to Close $IWM Strangle 147P 193C for a $1.50 debit, creating a profit of $147 or 8,65% over 21 days or an annualised ROC of 150%.

I haven’t traded TLT before. It is an ETF tracking the Barclays U.S. 20+ Year Treasury Bond Index. To understand the chart of TLT, the relationship between Treasury yield bonds and interest rates is key to understand. Generally speaking, if you predict interest rates to rise in the future, it is best to avoid long-term bonds (such as the TLT, which is a 20-year Treasury…