Continued to detail / roll shorted Call and Put options expiration 18th December, those that are in-the-money and a danger to me, and leaving alone those that should expire worthless on my counterparties, the aggregate of which we know as cloud-ATM.
(1) Have completed the roll which I started yesterday, by which I now have successfully avoided being Put DRD on 18th December at 12.50, extracted cash, and moved on forward. Shall hopefully be able to keep rolling-rolling-rolling along, keep extracting cloud-ATM cash, until one fine day either the Put danger is no longer imminent, or that the DRD in my inventory is completely @ cost-basis -0- / zero, and I need to average-cost up :0)
Whilst I do not mind being put at 12.5, but why bother when the bother can be put off another roll?
(2) Same again on the shorted Call side, that I have successfully avoided being Call DRD on 18th December at 10, extracted cash, and moved on forward. I do actually mind parting w/ my DRD at 10, because it is too cheap in view of the amount of fiat dilution the CBS must do, and therefore I refuse to do it.
I aim to never do it until DRD call plays are completely exhausted of juice and the shares to be called away are @ deeply negative cost-basis, and
(3) As of now, the open interest of my shorted DRD options still to be expired on 18th December should blow up on my counterparties worthless, also serving to lower my DRD cost basis.
This (1), (2), and (3) protocol ought to be illegal, but my counterparties seem to like to continue to play, keep giving me cash, for a promised rolled, rolled once more, rolled thrice again, hopefully never to be fulfilled, until I need the capacity somewhere else.
Wonderful what high volatility allows one to get away with, to sell time and time is always on one’s side, is free, with willing buyers.
What is currently deployed as order of battle is lots of the same, armies busy looting, engineers busy cloud-ATM mining, and willing counterparties keep getting [_adjective_choice_]
I do not get it, but aim to find out the ‘why’.
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