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NaughtyPines
Jul 23, 2021 2:15 PM

Opening (IRA): MJ September 17th 16 Short Put 

ETFMG Alternative Harvest ETFArca

Description

... for a .43/contract credit.

Notes: >35% 30-day at 39.7%. I already have some 18 on in August, so going out to September. 2.76% ROC as a function of notional risk. As usual, this is a "wheeling" play: generally, take profit on the short put approaching worthless; otherwise, if in the money at expiry, take assignment of shares and proceed to sell call against or roll out to collect additional credit/reduce cost basis.
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