Do you guys ever look at daily theta as a percentage of net liq? TT recommends anything up to close to 1 percent on the high end with maybe one-fourth to one half of one percent as more normal. Checked mine and I’m at .46 of 1 percent…so just under one half of one percent. Seems reasonable I guess…feels like I could go higher but like having a nice cushion. These percentages according to TT should be attainable with only about a third of your account in the market at any time. I’ve never paid much attention to it but starting to watch it a little now.
Sort of following Tony V. Bought 33/34 call spreads and financed by selling 30.5 puts for .07 credit
$SVXY #CoveredCalls – Sold SVXY NOV 4 2016 81.5 Calls @ 0.90. Adding to my position.
Executed the following roll for .56 credit, reducing delta and bringing in more premium against short Nov 136 puts. This creates a Nov 136 straddle.
Bought to close $TLT Oct 28 136 calls @ .12 (sold for 1.00 on 10/5)
Sold to open $TLT Nov 18 136 calls @ .68
$DUST #ShortCalls – Sold DUST Oct 21 2016 45.0 Calls @ 0.15.
Sold these before the bid disappeared. These expire Friday
I rolled my Oct. 21 115 call to Dec. 16-120 call and bought a 140 call to help with margin, debit of .23. I will sell a put or two along the way.