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NaughtyPines
Jan 12, 2024 2:41 PM

Opening (IRA): IWM May 17th 170 Short Put Long

iShares Russell 2000 ETFArca

Description

... for a 1.74 credit.

Comments: Back to short puts here, targeting the <16 delta strike paying around 1% of the strike price in credit. Just gradually building a position here at intervals.

Trade active

Rolled the May 170 up to the May 180 for an .85 credit. Total credits collected: 2.59.

Trade closed manually

Out for a 1.13 debit here, >50% of max of total credits collected. 1.46 ($146) profit. Down to one short put rung in broad market (IWM, QQQ, SPY) with the straggler being an IWM June 21st 169.
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