NaughtyPines

Opening (IRA): KRE June/July/August 36/34/31 Short Put Ladder

Long
NaughtyPines Updated   
AMEX:KRE   SPDR S&P Regional Banking ETF
Comments: High IV at 39% and change, with weakness to boot. Laddering out here, rather than taking all the risk in one expiry and at one strike.
Trade active:
Closed the 36 rung here for a .10 debit/contract. In for .45, out here for .10; .35 ($35) profit per contract.

Waiting on the July 21st 34 (filled for a .45/contract credit) and the August 18th 31's (filled for .44/contract).
Trade active:
Closed the July 21st 34 rung for a .17/contract debit. .28 ($28) profit per contract.
Trade closed manually:
Closing the August leg here for .18. .26 ($26) profit per contract.
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