NaughtyPines

OPENING (IRA): HYG FEBRUARY 19TH 83 SHORT PUT

NaughtyPines Updated   
AMEX:HYG   iShares iBoxx $ High Yield Corporate Bond ETF
... for a .37/contract credit.

Notes: Selling the strike in the monthly that pays a credit > or = to the monthly dividend, looking to emulate monthly dividends without being in the actual stock. The weeklies, unfortunately, aren't as liquid as I would like, so will sell in the nearest monthly down to 30 days until expiry.
Trade closed: target reached:
Expiring worthless. $37 profit/contract.
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