NaughtyPines

OPENING (IRA): HYG JANUARY 15TH 84 SHORT PUT

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

Notes: Parking a little bit of idle capital in HYG in the expiry nearest 30 days in the strike that pays at or greater than the monthly dividend. Fine with getting assigned, selling call against if that happens. Will otherwise run through expiry/expiring worthless.
Trade closed: target reached:
Expired worthless. :-). .37 ($37) profit/contract.
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