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NaughtyPines
Apr 14, 2023 2:11 PM

Opening (IRA): IWM June 30th 157 Short Put Long

iShares Russell 2000 ETFArca

Description

... for a 1.61 credit.

Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into small caps.

This, admittedly, isn't an ideal premium-selling environment here, with 30-day at the very low end of the 52-week range, but will look to add at intervals and in shorter duration if that starts to pay again.

Trade closed: target reached

Hit 50% max today. $81 profit.
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