No trades until expiration Friday but had some thoughts and observations. Sorry about the long post but most of you probably have the similar thoughts.

Don’t know about the rest of you but it seems my adjusted trades are the ones that pay the most once they finally become profitable. Especially true with rolled puts.
Sometimes an ITM covered call has better returns than a naked put and if the put is deep ITM sometimes quicker to get back to even by accepting shares and converting to covered calls.

I tend to do better in the long term with hard assets. Stocks, ETFs, because if assigned you have a hard asset. Futures can be hedged but once ITM they respond differently and harder to offset with the stock or other options. Also the margin requirements get funky once ITM.

Trading as a group has given me some ideas that I would not have realized otherwise. That has increased the returns dramtically and good to be here and part of the group. Keep the ideas flowing and THANKS!

Underlyings with weekly options are much easier to adjust and roll and I don’t think I will be trading anything that does not have weekly options in the future. No more /CL or /GC futures but may restart /ES strangles once VIX back above 12.

Compounding is hyperactive with weekly options. I am making more hitting singles and doubles by trading every week than by having the occasional home run. Trading every week except when on vacation is like pumping nitrous into the turbo on my car, rocket fuel on speed for your account balances.

I no longer look at trades as a single transaction. Now I look at trades as a series of positions with the ultimate goal of being profitable and can roll options into eternity or I stop breathing.

Thanks and hope I am giving everyone else some ideas as all of you have given me new trade ideas and underlyings I had not considered. Love the SVXY/UVXY trades on volatility spikes!

More trades Fri. or Mon. depending on how expiration and earnings work out and hope everyone has a good and profitable week.

Cheers, Chris

BTC SWKS 8/18 92.5 put for 0.25. Sold for 1.15.

Freeing up margin for later in the week and next week, hopefully we get a pull back and some volatility.

WDC reports tomorrow and should be able to roll or close those positions. In limbo until then but enjoying some crazy theta decay levels.

Snapped off a bunch of trades at lunch but did not have time to post until now.

BTC
SVXY 7/28 50, 62.5, and 55 puts at 0.03, 0.03, and 0.05. All sold for 1.10 or higher pre split
SVXY 8/4 57.5, 62.5 puts at 0.1, 0.11, and 0.12. All sold for 1.10 or higher pre split
SVXY 8/11 52.5 puts at 0.35 and sold for 1.25 pre split. This was to release a little margin.

STO
WDC 7/28 puts 90 at 1, 0.97, 0.92, and 0.91. (each drop was the time it took to change between accounts) That is some fierce time decay!

The WDC trades are earnings play but will probably roll back into ladders next week and if they go ITM easy to roll this one down a point or 2 each week. Strong support at 86 if it breaches so could also convert to covered calls.

For those interested you can get better return this week on WDC with ITM covered calls. At lunch the 90 CC was trading for 88.21 so good return if called out. I was in a hurry so just hit the put button but could get better return with ITM cc and so skewing to upside despite the drop this morning.