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NaughtyPines
Aug 25, 2023 4:06 PM

Opening (IRA): GDXJ October 20th 32 Short Puts Long

VanEck Junior Gold Miners ETFArca

Description

... for a .72/contract credit.

Comments: One of the higher IV underlyings in my options liquid ETF screener at 34.4%. Going a little more aggressive here, selling the 25 delta strike.

Will generally look to take profit at 50% max and/or (a) roll down and out for a credit if tested; or (b) take assignment of shares and sell call against.

Trade closed: target reached

Quickee ... dirtee ... . Hit 50% max today. .36 ($36) profit/contract.
Comments
nixpix416
I know you closed it early, but Great job!!! you nailed it as of today. Any projections going forward.
NaughtyPines
@nixpix416, I'll have a look at it in the next couple of days here.
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