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+$1164 SOLD -12 DIAGONAL SPY 100 19 FEB 21/12 FEB 21 384/381 PUT @.97 Profit update: Current balance as of market close: $488,208.90 Profit: $32,090.78 = 7% Nothing to be excited over, especially when the market is up 9% since I started this journal.

+$816 SOLD -12 SPY 100 (Weeklys) 12 FEB 21 381 PUT @.68

Yep, looks like my 385 calls are being assigned this weekend. I won't have available funds for selling puts until Monday after assignment. Hopefully the market volatility continues and I can get another entry around 380 next week. +$9,600

Currently long 1200 SPY shares @ 377 from last week's short put expiring ITM. Made up most of my unrealized losses on the shares with today's rally and sold some 385 calls against my shares. Looking for an exit right around the prior high. +$540 SOLD -12 SPY 100 (Weeklys) 5 FEB 21 385 CALL @.45

Can you explain the 15% contango arbitrage a little more? If I'm understanding right, you would be shorting the front month futures. When its time to roll you're buying them back and selling the next month. Assuming you get filled close to the bid and the ask, you're paying for the roll. Sure...

Weekly is the plan unless we see a more substantial pullback, then I may need to go further out in time.

I got my first assignment with the market pullback this past week. Currently long 1200 SPY shares at 377. I'm down $8k on my current shares not accounting for any of the premium I've brought in. This is my first assignment since I started this journal in November. I'll update again on Monday...

+$2076 SOLD -12 DIAGONAL SPY 100 (Weeklys) 29 JAN 21/22 JAN 21 377/373 PUT @1.73

If you get assigned why not do the same thing on the upside as well? If you're assigned shares do the 1:2 ratio spread by buying a 40 delta call and selling two 30 delta calls against it. Just like on the put side it would limit your premium but you'll make a little extra on your way out.

Much appreciated. Wishing you the best of luck as well! So if I'm understanding you correctly, you're taking the premium from the cash secured 30 delta put to finance purchasing a 40 delta/30 delta put vertical so that you will make a little more on the way down? It would probably work pretty...

It means if you are trading too big or too illiquid of products, they can reroute your orders directly to the market makers/liquidity providers so you can execute the trade utilizing dark liquidity in order to prevent disrupting the market.

+$1272 SOLD -12 DIAGONAL SPY 100 15 JAN 21/8 JAN 21 371/368 PUT @1.06

Worst case scenario, I'll be sitting on the sidelines for a very long time. Hope it doesn't happen either but if it does, I'm okay with it. Merry Xmas and Happy New Year to you as well! +$3060 SOLD -12 DIAGONAL SPY 100 (Weeklys) 8 JAN 21/31 DEC 20 368/365 PUT @2.55

Then I wait it out for the market to recover... exactly the same as before I retired and I was invested in my 401k. Rolled forward another week: +$2100 SOLD -12 CALENDAR SPY 100 Q 31 DEC 20 (7)/24 DEC 20 (0) 365 P @1.75 LMT

This is what I’ve been trying to figure out... that sweet spot where I get put shares yet still have room for appreciation. I’ve been tempted just to outright buy shares but I think I need a bit of patience. My puts opened in the money this morning but the market quickly turned around and they...

That would be completely counterproductive. The point of this strategy is I want to get assigned shares. It’s the triple income strategy. I earn premium by selling cash secured puts at a price I wouldn’t mind going long. Once I get assigned shares, I will sell calls at a higher strike price...

I've been trading this strategy 1 month so far and have an overall profit of $7242 as of today's close, which equates to 1.6% growth. So far I am underperforming SPY, which has grown 2.5%. Disappointing, however it is expected until I get the assignment I'm looking for. I'll likely do these P/L...

+$2184 SOLD -12 DIAGONAL SPY 100 (Weeklys) 24 DEC 20/18 DEC 20 365/360 PUT @1.82

Glad we're finally seeing a small amount of volatility in this market. Moved the puts to 360 and out another week for nice credit of $3142. I was only able to sell 12 contracts instead of 13 this week as I moved my puts to the 360 strike. Hopefully next week the market continues to move lower...

So far the market has been boring and uneventful. I rolled my puts forward another week and to the 353 strike. Still on the sidelines waiting for SPY to pull back and I get my entry but it seems the market has no jitters. I'm glad we're all in such a risk free and perfect economy, or at least...