NaughtyPines

Opening (IRA): IWM June 30th 194 Short Put

AMEX:IWM   iShares Russell 2000 ETF
... for a 2.32 credit.

Notes: Selling the 16 delta strike nearest 45 days until expiry in the broad market exchange-traded fund having the highest 30-day implied volatility. Will take profit on approaching worthless/take on shares, sell call against if in-the-money at expiry. 1.21% ROC at max as a function of notional risk.
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