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NaughtyPines
Apr 12, 2024 2:44 PM

Opening (IRA): IWM August 16th 170 Short Put Long

iShares Russell 2000 ETFArca

Description

... for a 1.78 credit.

Comments: Starting to round out my Q3 rungs here on weakness and higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Already have June and July rungs on, so going out to August here.

Trade closed manually

Closed for .89 -- right at 50% max. .89 ($89) profit.
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