Opening (Margin): /ES October 21st 2850 Short Put
... for a 3.05 credit.
Comments: Targeting the <75% of current price strike paying around 3.00 in credit. 1.525 ($152.50) max on buying power effect of 14.37; 10.6% ROC at max as a function of buying power effect; 5.3% at 50% max. A little longer-dated than I'd like to go, and the 30-day IV isn't as stellar as I'd like, but you can't have your pudding if you don't eat your meat.
Comments: Targeting the <75% of current price strike paying around 3.00 in credit. 1.525 ($152.50) max on buying power effect of 14.37; 10.6% ROC at max as a function of buying power effect; 5.3% at 50% max. A little longer-dated than I'd like to go, and the 30-day IV isn't as stellar as I'd like, but you can't have your pudding if you don't eat your meat.
