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NaughtyPines
Mar 2, 2021 2:53 PM

Opening (IRA): GDX April 16th 27 Short Put 

VanEck Gold Miners ETFArca

Description

... for a .42/contract credit.

Notes: With 30-day at 44.5%, adding some miners out in the April monthly on this weakness. 1.58% ROC at max as a function of notional risk; 12.82% annualized. As usual, will take profit on approaching worthless or roll out/take assignment and sell call against if in the money toward expiry (whichever pays more credit).

Trade closed manually

Out today for .12 (71% max) with 35 days to go; .30 ($30) profit per contract. A little bit of bullish movement movement + vol crush (it's dropped from 44.5% to 38.5%).
Comments
Henry_Ross
Wow, cool, thanks!
;) $
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