OPENING (IRA): HYG JANUARY 8TH 85 SHORT PUT
... for a .42/contract credit.
Notes: Selling the strike nearest 30 days that pays at or slightly greater than the monthly dividend to park buying power in short duration in lieu of just letting buying power sit idle. I'm fine with taking assignment, selling call against, so will run these to expiry, particularly given the credit received.
Notes: Selling the strike nearest 30 days that pays at or slightly greater than the monthly dividend to park buying power in short duration in lieu of just letting buying power sit idle. I'm fine with taking assignment, selling call against, so will run these to expiry, particularly given the credit received.
Trade closed: target reached:
And this will expire worthless here. .42/$42 profit per contract. :-)