Turkey week, anticipate a little rally so went close to the money on these
STO SVXY 12/15/17 105 puts at 4.45
12/22 85 puts at 1.35
12/15 100 puts at 3.15
Hope to collect the decay over the long weekend then roll them farther OTM. Small size on these.
May also close or roll the /ES strangle by Wed. Has already made the 40% in 1 week on decay so will probably roll to next 45 DTE as soon as they release (usually Thurs but suspect Wed. or Fri. this week).
My experiment with /ES is to try to take profits at a lower target but decrease holding time so I can turn it over faster. 25-35% every week would be a better return than waiting 3 weeks for 50% if I can do it 52 times a year.
Holding on SPY IC/credit spreads for another week or 2, premiums are low right now!
Hope everyone has a safe and fun holiday! 🙂
Options Bistro 