... 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.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.