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NaughtyPines
Jan 19, 2021 4:40 PM

OPENING (IRA): GDX MARCH 19TH 31 SHORT PUT 

VanEck Gold Miners ETFArca

Description

... for a .60/contract credit.

Notes: With 30-day at 36.7% and expiry-specific at 39.2%, opening a 19 delta short put with a 30.40 break even in the March monthly, since I've already got some on in February. 1.97% ROC as a function of notional risk.

Will run to approaching worthless and/or roll out if in-the-money or take assignment/sell call against (whichever pays most from a credit standpoint).

Trade closed manually

Out today for .15 with 8 days to go. .45 ($45) profit/contract. Still have April 27P's on.
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