OPENING: SPY OCT 20TH/DEC 29TH 243 PUT CALENDAR

... for a 3.14/contract debit. When in low implied volatility, (VIX at sub-11), go with the low volatility strategy (debits, calendars, diagonals ... ).

As usual, not many metrics to look at:

Theta: .82
Delta: -6.44

Notes: Shooting for 20% max.

Trade aktif:

Rolling the Oct 20th 243 short put out a week to the Oct 27th 243 to get some long delta (for a .28/contract credit). Scratch at 2.86.

Trade aktif:

Rolling the Oct 27th 243 short put to the Oct 27th 245 for a .22/contract credit (delta balancing); scratch at 2.64.

Trade aktif:

Rolling the Oct 27th 245 to the Nov 3rd 245 for a realized gain and .27/contract credit (delta balancing/picking up some long delta). Scratch at 2.37.

Trade aktif:

Setup was a little bit more short than I'd like, so rolled the Nov 3rd 245 to the Nov 17th 245 for a .57/contract credit. Scratch at 1.80.

Trade aktif:

Would really prefer some weakness here, but not getting it. Having lost >50% of its value, rolling the Nov 17th 245 to the Nov 24th 246 for a .22 credit; scratch at 1.58.

Trade aktif:

The grind just doesn't stop. Rolling the Nov 24th 246 to the Dec 1st for an .18 credit. Scratch at 1.40.