OPENING (IRA): KRE JANUARY 15TH 40 SHORT PUT
... for an .81/contract credit.
Notes: With 30-day at 57.4% and expiry-specific at 42.3%, selling premium in one of the underlyings on my IRA shopping list. (Current yield 3.02%). I would ordinarily just ladder out, but this isn't exactly weak relative to where it's been, so want to keep powder dry for it in the event it weakens further. 2.07% ROC at max as a functional of notional risk; 11.6% annualized.
Notes: With 30-day at 57.4% and expiry-specific at 42.3%, selling premium in one of the underlyings on my IRA shopping list. (Current yield 3.02%). I would ordinarily just ladder out, but this isn't exactly weak relative to where it's been, so want to keep powder dry for it in the event it weakens further. 2.07% ROC at max as a functional of notional risk; 11.6% annualized.
Trade active:
With KRE at the top of my ETF board for 30-day IV (nearly 44%), throwing a little bit of caution to the wind and adding a rung out in March at the 39 strike for 1.08 (there isn't any February monthly yet). Total credits collected of 1.89.
Trade closed manually:
Out of the January 15th 40 for .10 here, .71 ($71) profit/contract, 1.81% ROC as a function of notional risk.