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NaughtyPines
Mar 10, 2020 6:11 PM

OPENING (IRA): EFA LADDERED PUTS Long

iShares MSCI EAFE ETFArca

Description

... for a 3.33 credit.

Notes: My last acquisitional setup. Current yield at 3.48%, which beats SPY's weak sauce 1.89% hands down. Fine with getting assigned, proceeding to cover, or just keeping the premium.

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April expires worthless here, as with the XLU, IYR, and HYG short put ladders. Will consider adding back in rungs on weakness.

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Post-mopex, adding in some July 45's for 1.19. Total credits collected of 4.52.

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Pulling off the May 48's here for .05, leaving me with the June 47's and the July 45's. Total credits collected of 4.47. With 30-day IV at 30%, will not be re-upping with another rung at the moment.

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Out of the June 47's for .11; scratch at 4.36, leaving me with the July 45's.

Trade closed manually

Out of the July 47's for .24 today. Made 4.12 ($412)/contract total on the ladder. With 30-day at 26%, will have to wait until the next drop and pop to consider a re-do.
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