crazy how every pop is immediately met by sell
if you don’t mind me asking, how many shares are you holding?FWIW I'm currently flat all short positions. Not selling calls nor more puts down here (too late for that for me, see below). Nor am I adding to long calls either as I have too much -P and +delta exposure for further weakness as it is (plus my poor longs @CB $328 )
My current bag of snakes:
LONG CALLS
- 10x +C205 4/19 @ 8.50 (-72% -$6,109)
- 5x +C210 5/17 @8.85 (-26% - $2,527)
- 10x +C255 9/20 @18.50 (-74% -$13,769)
- 2x +C180 1/17/2025 @31.00 (-10.8% -$615)
- 5x +C270 1/2025 @13.38 (-39.8% -$2,678)
- 5x +C150 12/2025 @109.35 (-46.16% -$25,232)
SHORT PUTS
- 10x -P250 9/20 @57.80 (-41% -$24,655); extrinsic 1.30
- 15x -P300 6/2026 @115.76 (-16.8% -$29,415); extrinsic 4.78
I invite suggestions if you see anything I can do to improve the lot. For sure to cut the +C205 4/19 (37 days left) ASAP on any DCB if we get one even at a loss. It was a good mule for writing against. I can always get longer dated calls further out at the true next low if I want.
So far my CC scalping brought in 2024, which definitely helps. Hope I don't have to give to back:
January: $73,080
February: $45,185.00
March: $15,069.00
Godspeed to us all!