Opening (IRA): IWM April/May 176/169 Short Put Ladder
Comments:
Starting to deploy at intervals into second quarter expiries, targeting the <16 delta strike paying around 1% of the strike price in credit. I'd prefer weakness and higher IV, naturally, but am not getting it in the short term.
Received a 1.79 credit for the April 21st 176; a 1.75 credit for the May 19th 169.
Starting to deploy at intervals into second quarter expiries, targeting the <16 delta strike paying around 1% of the strike price in credit. I'd prefer weakness and higher IV, naturally, but am not getting it in the short term.
Received a 1.79 credit for the April 21st 176; a 1.75 credit for the May 19th 169.
Trade closed manually:
All but scratching out the May 19th 169 here for a 1.55 debit, .20 profit. The April 176 was previously rolled down and out.
