THE WEEK AHEAD (IRA): HYG LADDERED SHORT PUTS

With my low-yielding TLT position reaching all-time highs (and its yield reaching lows), looking to get out of my TLT stock at some point in the next few months and get into higher yielding junk, preferably at a discount over where it's currently trading.

Pictured here is an acquisitional strategy where you look to sell equally delta'd strikes laddered out in time. If price doesn't reach the strikes, you keep the premium (currently a total of 3.80 at the mid price); you otherwise take assignment and proceed to cover to reduce cost basis ... .