NaughtyPines

Opening (IRA): IWM November 17th 170 Short Put

Long
AMEX:IWM   iShares Russell 2000 ETF
... for a 1.74 credit.

Comments: My weekly IWM short put in the shortest duration contract where the <16 delta is paying around 1% of the strike price in credit to emulate dollar cost averaging into the market without actually being in stock.

The fact that I'm having to go out to November to do this is a testament to how crappy premium is at the moment, but will look to add in shorter duration should we get an uptick in volatility and/or weakness.
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