TradingView
NaughtyPines
Apr 5, 2024 2:31 PM

Opening (IRA): IWM June 21st 185 Short Put Long

iShares Russell 2000 ETFArca

Description

... for a 1.87 credit.

Comments: Targeting the <16 delta strike in the shortest duration that pays around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.

The ROC %-age isn't tremendously sexy here, so primarily doing this to keep theta on and burning while I work shorter duration, higher IV underlyings (e.g., SMH, XBI, GDX/GDXJ, etc.).

Trade closed manually

Closed for a .93 debit; .94 ($94) profit.
More