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NaughtyPines
Mar 10, 2023 3:18 PM

Opening (IRA): DIA June 16th 285 Short Put Long

SPDR Dow Jones Industrial Average ETFArca

Description

... for a 2.99 credit.

Comments: I don't usually play DIA because its volatility is generally lower than the rest of the majors (which is why I'm having to go out to June to get paid for a <16 delta short put). My IWM, QQQ, and SPY positions are getting somewhat crowded here, so just putting a smidge on. As usual, targeting the <16 delta strike paying around 1% of the strike price in credit.

Trade closed manually

Closed for a 1.23 debit. 1.76 ($176) profit.
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