Opening (Margin): QQQ September 16th 292/338 Short Strangle
... for a 2.67 credit.
Comments: Selling longer duration delta strikes in shorter duration here ... . I went out to the October monthly, looked at what the 25 delta strikes would be there and am selling those same strikes in shorter duration. 2.67 credit on buying power effect of 40.42; 6.6% ROC as a function of buying power effect, 17.4% annualized; 3.3% at 50% max, 8.7% annualized. Delta/theta currently 4.16/18.84.
Comments: Selling longer duration delta strikes in shorter duration here ... . I went out to the October monthly, looked at what the 25 delta strikes would be there and am selling those same strikes in shorter duration. 2.67 credit on buying power effect of 40.42; 6.6% ROC as a function of buying power effect, 17.4% annualized; 3.3% at 50% max, 8.7% annualized. Delta/theta currently 4.16/18.84.