Opening (IRA): SMH October 20th 130 Short Put
... for a 1.60 credit.
Comments: Just adding a little sump thin' sump thin' in high IV exchange-traded fund land, selling premium that targets the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the semicon sector.
Here, 30-day IV is at 33.4% and at the top of my liquid exchange-traded fund board when sorted by 30-day. Currently, only GDXJ is higher, coming in at 33.4%.
Comments: Just adding a little sump thin' sump thin' in high IV exchange-traded fund land, selling premium that targets the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the semicon sector.
Here, 30-day IV is at 33.4% and at the top of my liquid exchange-traded fund board when sorted by 30-day. Currently, only GDXJ is higher, coming in at 33.4%.
Trade closed: target reached:
50% max; .80 ($80) profit. Still have some November 122.5's on ... .