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NaughtyPines
Mar 31, 2023 6:27 PM

Rolling (IRA): IWM April 21st 176 to Sept 15th 161 Short Put Long

iShares Russell 2000 ETFArca

Description

... for a 1.71 credit.

Comments: Another "trouble maker" that I'm kicking the can on. Total credits received of 1.79 (See Post Below) plus the 1.71 here for a total of 3.50.

Trade closed: target reached

And ... got to scratch this one out today for 3.50 ... .
Comments
ChristopherAnderson618
Why not just buy calls??
NaughtyPines
@ChristopherAnderson618, Long calls only make money if one (and only one) thing happens -- the underlying goes up. Short puts make money if the underlying goes up, sideways, or to a certain extent, down. I would prefer making money if it does something other than just the one thing.
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