NaughtyPines

Opening (IRA): IWM September 10th 203 Short Put

AMEX:IWM   iShares Russell 2000 ETF
... for a 2.02 credit.

Comments: Selling the 16 delta put in the expiry nearest 45 days until expiry to emulate dollar cost averaging into small caps. Generally, take profit on approaching worthless or take assignment of shares, sell call against.
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